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What a shame. I started this board 5 years ago, just before JAVO made a huge run from low 20's to over $2.20. Was a promising company for a few years there. Then the insiders started dumping their preferred shares, and the o/s just kept growing and growing. They musta known all along they were gonna drive this into the ground.
I'd be curious to know what the o/s is today?
Javo Beverage Company changed their symbol to JAVQE
see http://www.dtcc.com/downloads/legal/imp_notices/2011/nscc/otc/OTC-066.pdf
JKFever....
Can explain what could happen with the company, I'm actually very new to the market and am still trying learn as much as i can. any explainations would help me. Thanks
its thin to 100.00 lol open at .01 ? lol
JAVQE due to late filings
Do you have an account?
Javo Beverage Company Inc filed for Bankruptcy in late January. It's very likely that it's stock has rendered worthless or just doesn't qualify to trade on a major exchange. They are now in the final stages of a corporate restructuring http://www.kccllc.net/JavoBevCo
follow: @TheJKFever
What happened with the current JAVOQ symbol my brokerage acct can't find it anymore. it says the symbol is not available.
I do that sometimes -lol
You ran off our new friend????? Shame on you
This company has ran off deals by not paying debts. on top of that they are too much debt to improve with in a decent time frame.
whats wrong with a company so screwed up they had to file BK ?
I am shocked - I thought they were doing well -and you had to ruin it-
nope i'm serious as a heart attack.
you are kidding right?
I agree BK plays are not for someone in a hurry but they can be very lucrative for those with patients -
Yesterday, L2 showed nice buys in the mid/high .002's to the low .003's. If that is the case where many sold, many sold here for a loss or there are newly created bagholders. I believe some are still here, they just went to others plays that were actually moving today. The right buying pressure will send this -- we just need buying.
there is know way to know who is doing what on any stock -ihub is not the market -
IMO most of them sold...
I was thinking the same earlier. All the pumpers left town....I did notice a couple of them on another Q play, doing the same there.
It's a ghost town here today. Where did all the pumpers go??
I'm glad I sold... Just waiting for another buying opportunity.
Minimal volume......I'd say the steam is gone.
I was doing DD on this company out of pure curiosity. I never invest in anything without DD. Could a senior on this board interpret this document for me? I don't want to voice an opinion, positive or negative, on this until I am in contact with someone more familiar with this company but here are my findings as of their latest OTC filings on March 15, 2011 just 2 weeks ago.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7802582
ITEM 8.01
Other Events
On March 15, 2011, Javo Beverage Company (the “Company”) filed an amended plan of reorganization (the “Amended Plan”) with the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The Amended Plan amends the initial plan of reorganization (“Initial Plan”) as reported on Form 8-k filed on February 14, 2011, which contained terms and conditions regarding the recapitalization and reorganization of the Company. As in the Initial Plan, the Amended Plan provides for no value or distributions to the Company’s existing holders of preferred stock, common stock, warrants or any other form of equity interests on account of such interests based on the enterprise value of the Company relative to its liabilities. Also under the Amended Plan, as in the Initial Plan, upon the effective date of the Amended Plan, the reorganized company will be a “private” company and will not be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
In addition, on March 16, 2011, the Bankruptcy Court signed an order approving the Company’s amended disclosure statement filed with the Bankruptcy Court on March 15, 2011 (the “Amended Disclosure Statement”) related to the Amended Plan. The Bankruptcy Court also approved procedures by which the Company will solicit votes on the Amended Plan, and set certain other dates and procedures related to seeking confirmation of the Amended Plan.
Consummation of the transactions contemplated under the Amended Plan is subject to approval by the Bankruptcy Court. The hearing on confirmation and approval of the Amended Plan is scheduled for April 28, 2011 before the Honorable Brendan L. Shannon, United States Bankruptcy Judge in the Bankruptcy Court.
The foregoing description of the Amended Plan is qualified in its entirety by the text of the Amended Plan, which is filed herewith as Exhibit 2.1. Further details on the Amended Plan, the Amended Disclosure Statement and the order referenced in this Form 8-k may be accessed at the Company’s restructuring website, www.kccllc.net/JavoBevCo. No portion of this website is incorporated herein.
ITEM 9.01
Financial Statements and Exhibits
Number: 2.1
Description: First Amended Plan of Reorganization of Javo Beverage Company, Inc., as filed on March 15, 2011
* * *
Let's continue north tomorrow.....
Do we have steam left? Got quiet in here....
Todays vol is 24x the last 10 day avg.
Here comes the dip... Almost time to buy again!
HOLDEM shes just getting going imo
Just taking out the weak hands, it's all good..
What the heck just happened? Was this just walked down....
Yep, got many at 11,12,13
I agree most of them have been taken the last 3 weeks
there jumping up to grab some, love it
Nice Slap! I have many eyes following this now. This afternoon is gonna erupt!
Just sold at .0030 for a nice profit.
Waiting for the next dip!!
based on vol/sales, I don't think there is more stk blow 02, not selling mine and I have a LOT of them..
could very well see it today - this stock is very tight
Yep, they need shares
ETMM just jumped NITE on the bid
.0054 UP! Gonna run hard today!So thin!
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