Mobile Star Corporation (fka MBST)

[Renee]

MBST: inactive security. FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[Stock_Barber]

Kind of sad the scam that was pulled here...

[Stock_Barber]

Yup! And didn't I say that was exactly what was happening at the time?

[carmine_langone]

https://www.sec.gov/litigation/litreleases/2015/lr23353.htm

[Stock_Barber]

In hindsight...

http://www.sec.gov/litigation/litreleases/2015/lr23353.htm

[Stock_Barber]

A good opportunity for people to review who supported the company as being real and who exposed it as a scam... well before it collapsed!

[janice shell]

And you would be right…

http://www.sec.gov/litigation/litreleases/2015/lr23353.htm

[Stock_Barber]

Ya think?

This company is gone... over... kaput!

Nothing for people holding to do but hang onto the worthless paper and hope someone else buys the shell some day...

[Alehandre]

Company CEO is, in my opinion, a scammer. He destroyed the Paladium and the Oasis in Denver with Jose Luis Ramirez with evil and corrupt intentions, and continues to do so now with this poor company.

[IPO$]

ew

[Stock_Barber]

Another scam in the making...

[carmine_langone]

he is great he runs IFLM as well now

[Stock_Barber]

How is George doing today?

[mudslog]

Yes it is! New owners in the house.

[Stock_Barber]

The ask is looking thin!!!!

The joke never gets old!

[Stock_Barber]

I take it you are joking?

[mudslog]

I just bought 10,000,000 shares. Why hasn't the volume showed up?

[mudslog]

Man, I am buying....good news is coming soon. They have acquired a singing chimpanzee from the congo that knows perfect english and they are going to market it this worldwide...this is true..I saw the videos. They will incorporate into the karoke machines. Get ready... buy now...

[agent50]

I can handle the loss but I'm pissed that I fell for this scam..I know there are others that lost much more money than I did..

Do you or anyone else think the guy running things (1 year or so) now is legit?..I don't think anything will ever become of the "new and improved" MBST but I have to wonder why they took it over and why the phone meeting with "investors"? Were they really serious and thought they were going to make a profit??....It all seems strange how this played out...I guess there's nothing happening anymore..no trading..Thanks for your previous reply...I haven't been on this site for awhile

[Stock_Barber]

It really isn't a mystery... they were undercapitalized and up against real competitors. Their product was inferior to competitive products belonging to companies that actually had licenses and a substantial headstart.

Research into the industry easily revealed this at the time. I pointed this out factually and repeatedly here on this board. When someone points out facts about a company in the pink market that are contrary to what you have heard, it is time to dig deeper... even if the "ask is thin".

As for what happened to those machines, I doubt more than one prototype was ever built. Did the company ever really plan to make a go of it, or just sell shares? Well, we know what the outcome was...

Maybe the shell can be resurrected in some fashion in the future.

I am genuinely sorry for your loss here.

[agent50]

The Karaoke machine IS the only reason why I bought hundreds of thousands of shares MBST...The only stumbling block they said they had was getting the OK from the music companies to be able to legally use their music...The impression I got was it would only take a few months to get everything in order..They had signed a deal
with Apple Industries for "Potential to Distribute Over 1,000 Karaoke Vending Units in First 12 Months".........THAT fizzled out for some reason..I called Apple Industries and asked about buying/renting/leasing a couple of the Karaoke machines...The guy said that deal was in limbo because of "legal problems"....I wish I knew WTF happened to those machines..It sounded like a real moneymaker to me....I think I have $5-6,000 invested in MBST..It's now worth about $62.00 at best....Again, I wish somebody would explain WTF happened to the original business plan..Why did it fail and why hasn't any Karaoke machines hit the market...It was a Great invention..

[karbo]

I have and still have an order in through fidelity...Just no fill to it

[Stock_Barber]

Did you ever try to buy?

[karbo]

Thinking about it Yeah I am

[Stock_Barber]

Are you considering it?

[karbo]

Has anyone tried to buy any of this ???

[agent50]

I don't think trading on the grey sheets proves that MBST is a scam.

A few years back a good friend told me about a stock that was on the grey's. That company was Seadrill. Back then it was listed under SDRLF. I bought a boat load @ $6.00 a share and today it's @
$38.60..It's now listed as (SDRL)It also pays out a very nice dividend.

I am still worried about MBST..I thought they had a good product in the Karaoke machine..All I can do is wait and hope MBST makes a comback..Otherwise I'll loose a few thousand bucks..

[balamidas]

i was a bit busy yesterday ,nothing new~

[karbo]

And have you come up with anything ??

[karbo]

I suppose it has to do with who is doing the talking and who is actually responsible for the action....A shell I am sure as you know is just that until the right home is found...

[money4nuthin]

Just saying. I been in this for quite some time now and havent seen much results. Lots of talk but no action.

[karbo]

Why does it have to be a POS it is a shell is it not ??

[balamidas]

going to look into it

[money4nuthin]

I see there are still people watching this POS like me. At least I am not alone.

[ash111]

was trading on OTCQB before.

[Stock_Barber]

I saw that. They are keeping the shell current for some reason...

[ash111]

MBST .01 hit,looks like will something good coming,nice filings recently

[ash111]

2 filings out

[money4nuthin]

Trips soon! .000000001 LOL!

[Stock_Barber]

At least it traded! ...and look how thin the ask is! :)

Put it on a shelf, a shell always has some value.

[money4nuthin]

.06 drop ????? Guess we are heading down the tubes here.

[Stock_Barber]

A sentence to the greys is pretty much a confirmation that the SEC can prove that it is/was a share selling scam.

It is sad that it took them so long... I figured out that this was a scam a year ago!

But the ask is sure thin!

[Peggy]

Wow! MBST is gonna trade again on 1 Oct 12, not 28 Sep 12 as stated.

In addition, trading will be on the infamous and net worth sponge called the greys. This ain't temporary and this ain't a slap. This is a strong right hand right on the kisser.

Not good, not good for MBST at all.

[Kobe Ginobili]

Crossbones:

Contact Info
c/o George Ivakhnik
433 N. Camden Dr.
First Floor
Beverly Hills, CA 90210

Phone: 972 - (544) 655-341

Update Company Info
Business Description
The Mobile Star Corp. invention comprises a closed booth, divided into two parts: an acoustically isolated space wherein the singer sings, and the recording and processing hardware including a computer and a computerized disc dispenser.

Financial Reporting/Disclosure
Reporting Status SEC Filer
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001431936
Fiscal Year End 12/31
OTC Market Tier Grey Market
Profile Data
SIC - Industry Classification 3651 - Household audio and video equipment
Incorporated In: DE, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Judah Steinberger CEO
Ruth Katz Secretary
Company Directors
Ruth Katz
Judah Steinberger
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
MBST Security Details
Share Structure
Market Value1 $1,551,289 a/o Sep 14, 2012
Shares Outstanding 22,161,278 a/o Jun 30, 2012
Float Not Available
Authorized Shares Not Available
Par Value 0.0001
Shareholders
Shareholders of Record 122 a/o Mar 12, 2012
Security Notes
Capital Change=shs increased by 7 for 1 split Ex-date=06/29/2009. Rec date=06/25/2009. Pay date=06/26/2009.
Note=Trading temporarily suspended by the SEC pursuant to Section 12(k) of the Securities and Exchange Act of 1934 from 9:30 AM EST on 09/17/2012 through 11:59 PM EST on 09/28/2012.
Capital Change=shs decreased by 1 for 500 split. Pay date=03/02/2012.
Short Selling Data
Short Interest 0 (-100%)
Apr 30, 2012
Significant Failures to Deliver No
Transfer Agent(s)
Nevada Agency and Transfer Company

[21ZNA9]

Not a chance it will ever trade on the OTC. Once the suspension of 10 days is done 4 days will pass with no MM activity and it will trade on the greys for good unless charges or revocation is in order. You are already listed on the greys.

http://www.otcmarkets.com/stock/MBST/quote

[Stock_Barber]

That is great!

However, since it pretty much didn't trade before this SEC halt... will it actually start trading volume after? Without a paid promotion, I doubt it!

Even if the ask is thin?