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I don't blame you. I myself am looking for an entry point, because I like reinstatement plays, although at lower levels.
I did see the current filing which is why I did some DD to begin with. I don't just blindly buy stocks without looking into history. I also found some pretty unappetizing stuff about Joe Arcaro and Fred Bauman.
I agree that $19K won't put $VUME out of business, but he does have a tendency to put out press releases and those hurt trading. It sure didn't do any good for $CXB* which is now suspended.
I’m very skeptical of the whole thing especially since I’ve been seeing 4 million share bids the past couple days. Like OBM said though if it does go back to JA then that means no RS and he just needs to find a new company. Fine either way and no chance u am selling any shares at these levels without 100% clarity.
I know who he is. I'm surprised someone new found a 2016 judgement but couldn't see the current filing?
Need to look a little closer. VUME is pink current. As for Sharp from what I've seen I consider him a blow hard. His debt with VUME is only $19K. A pittance and he's acting like a measley $19K will put a company out of business. Ridiculous.
https://backend.otcmarkets.com/otcapi/company/financial-report/192059/content
You should check out the guy. I don't think he is kidding.
www.clippercp.com
I would never doubt that Arcaro is sharp. I've done some DD and so is George Sharp and if he tweets that he is owed the money, then rest assured he is owed the money.
As for late filings, I believe that this speaks for itself.
https://backend.otcmarkets.com/otcapi/company/financial-report/192060/content
What late financials are you talking about? Arcaro and his lawyer are sharp. I'm sure they were aware of the $19K and took care of it. Sharp yelled about the little 2 year old judgement enough that everyone knew about it.
Also, why would our new CEO disclose non public information to him???
I agree very strange. Name change is already done with Nevada SOS. This guy that tweeted has a beef with VUME. Remember he was here posting like VUME owed him millions when it was only $19K.
If it's true the rs will be cancelled and I expect Arcaro will merge something else in. It could be FINRA didn't approve the rs and the new company bailed. I don't know why they needed a 1 for 10 split when the share structure is already so low anyway.
It may actually work out for the better. Time will tell...
It would explain the late financials though and why the company hasn't said anything. Also, if George is pushing collection on a judgment that wasn't revealed to Altsol when they took control of the shell, that may have triggered the undoing of the deal. All just speculation of course.
It is very strange indeed. I wonder if Sean was just a nominee President for Arcaro.
Seems strange considering NV sos was just updated a couple weeks ago.
WOW!
Have just been informed by Sean Jahanian that the $VUME acqusition has been undone and the shell has been handed back to Joseph Arcaro.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) July 6, 2018
Ticker change could happen at any moment. Altsol, Inc could be the next MJ runner. Filings due next week.
Oh wow, sorry about that. It was a long time ago. Thanks for the info. I'll have to catch up on the posts from today. I should have read before posting. I remember the name and that popped in my head like it was yesterday. My apologies
I believe his lawsuit was about spam emails. I didn't see anything about losing money in his press release.
I owned VUME back when it was Vumee inc and I remember Sharp threatening to sue the company for all the money he lost calling it a scam. It was a pump and dump and he lost alot of money in it.
I don't own a share yet. I was just doing what is called "DD". I do like these kind of plays though and will look for an entry spot when I get more answers.
I guess that is how old the lawsuit is, but that doesn't matter of the judgment is still outstanding. Still it is a small amount. I wonder why they didn't include it in their financials.
Here is the response from Sharp. I blocked out my email address.
Here's an old post on this board about the issue.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=88302386
We will find out soon if it was a one time issue. They are due for the next quarterly filings in about a week.
The delinquent financial statements could be a problem. Feel like this could get knocked down a tier or two to Pink limited or even have the Stop Sign applied to it.
They already have someone merged into this. AltSol, Inc which is a DC MJ cultivator. They haven’t provided any updates since the merger so that is where we are at right now. There is a 1/10 RS that was announced months ago but besides that there has been no info at all.
Nice low float deal if they get something into it and knucklehead stuff stays out of the way.
Well I sent him an email asking about it. If I get a response I will post it.
Perhaps he hopes to see the share price go even lower? Or he is trying to be relevant by posting about another JA play that has a court ruling against it. No way of knowing what the motivation is behind this post but a 2+ year old ruling is nothing that I am going to base my decision off of.
You could be right, but why we he tweet that today if it was settled.
Who’s to say this wasn’t already settled before the merger was complete. A 2+ year old court document has no relevance to current trading. I find it weird that someone would post a ruling from February 2016 without any new knowledge of the case.
That judgment doesn't go away just because the company has been sold, does it?
I know it’s from 2 years ago. The company has been sold to someone else since then.
Found this interesting tweet on $VUME. Anybody know what it's about?
Why $VUME and $GOFF don't have a chance. https://t.co/RrsVFYG9hw
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) July 5, 2018
Arcaro plays getting slammed CYPE suspended
I love these reinstatement plays. Just heard about this one. Anybody know anything about it?
Maybe just maybe AltSol is doing things correctly. JAs plays sold to overseas companies not doing so well today. Still holding this DC cultivator
Any response to your email?
Back from vacation. Holy crap. I just put a couple bids in. Im kicking myself for leaving the laptop home.
I’m going to wait until after the R/S..no use buying to lose shares. Just wish they would put out information cause they are lame at keeping investors aware of the situation.
1.85 million on the bid. Don’t think it will be going much lower from these lows.
Yep, I bought a lot of it. This is how you make money. Just one announcement will shoot the stock up. Patience!
Agreed, guess they are trying to maximize the profit before the R/S
I’m not concerned cause from the looks of it it only appears to be one or 2 people with a good amount of shares bailing.
I am still going to long hold, but the company needs to get off it's hindquarters and post some news, do the R/S, or file a 10q. Wonder what caused the sell off..
And if it goes lower I might be adding at these levels.
Yep. I’ll be going down with the ship and I’ll sell before the end of the year and maybe just maybe they will give us something before then. These can turn around in a heartbeat and I’m not getting out now and missing the chance for a big upswing. It’s a wait and see for me.
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