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STAU: inactive security. FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
The sad part is the company could have been successful, look at Tommy Copper, or what ever it's called, it's everywhere. Personally I like the products, knee sleeves, leg sleeves, even the socks. The greedy bastard thought since he created the products he deserved it all. He had some real smart people interested in helping him out, but no, he knew it all and the company has been stagnant.
I have a hard time even saying "Mr."
I wonder if his employees knew STAU was a public company?
Shaking my head. hl
Thanks Mr. Corley
He needs to be sued and publicly exposed. NO mercy should be given. He is a thief and a coward who picks on the unfortunate. A human cockroach.
Yet here he is, with a company doing 2 Million annual Revs according to DnB. Maybe more?
https://www.dnb.com/business-directory/company-profiles.incrediwear_inc.25ff019781bd7659ee92e0e6766c88d1.html
https://www.linkedin.com/in/jackson-corley-70424542/
https://incrediwear.com/pages/about-incrediwear
Seems to have had his way with the public money, and said adios?
Shame. wish there was a way around this.
In this instance, you're right...as if the Decimating RS didn't do the trick...now with the new SEC rules...he just goes away with no accountability?
And all that with some nice products, sickening!
hl
imo
stau
Yes, I agree. It would have been better for many if i had been wrong. I got to know a few of the original investors. Many of whom were horribly physically challenged. They invested what little money was available to them based on Corley's promises.
How heartless must one be to intentionally rip off those whose lives have been full of misfortune and are severely challenged already? IMO, there is no punishment severe enough for Corley.
I hate to say it, but I was totally wrong on STAU and you guys were always right.
No lesson is free, but we all would have been happier had you been wrong. ??
No reason not to publish them. STAU is squarely in the SEC's cross hairs anyway because it is in violation of every single provision of the new amended 15c2-11.
I also believe that is exactly the way Corley wants it, i.e. get STAU relegated to the Grey sheets and, essentially, rid himself of all shareholder obligations.
Corley is a truly psychopathic liar and thief. He defrauded shareholders knowingly and intentionally. He has left lots of carnage in his wake; often gleefully financially destroying those who were physically challenged and monetarily needy. He courted their trust, got their money and then stabbed them in the back at his first opportunity.
The DOJ needs to prosecute Corley. He is a conniving predator without a trace of human kindness.
Maybe it’s time for me to start posting the email conversations that Jackson and I have had over the years.
I asked Corley about it and he can’t seem to recall them.
Some of them might be interesting to the SEC.
Can anyone think of a good reason I shouldn’t?
Or hunter51 a chance would be that it could be a SPAC, I am afraid that is the only hope. What a shame, or maybe I should say sham. Liked the product, to bad Corley is such a dick, everybody could have made some good money.
Someone start a Reddit forum about this stupid company and stock! Maybe we can recoup a few dollars! I would, but I’m not in that world.
Yes it has been settled, shareholders are screwed and the stock/company are going nowhere. It's to bad, product was pretty good.
has this issue been sorted with the shareholders?
No. But, if your attorney can determine that any securities laws specific to California were broken, it might be wise to add a California attorney. Each state has their own securities laws, and, even though a corporation is organized/registered in a different state, it still may run afoul of state laws if it sold shares to a particular states people, or other wise operated in that state. IMO, STAU fits the bill in both regards.
Let us know of any progress you make. I have a feeling that there are many who would lone to sue Corley. It just needs someone to take the first step and get the ball rolling. Corley has swindled a lot of people.
Do you have to use a California lawyer to file a securities class action lawsuit?
If you're referring to the supposed increase that's showing, that's just plain wrong. This ticker has traded like I've never seen before after a R/S. It's as though no one realizes they did it and have no idea what the new sp would be if it had ever traded at $1, the adjusted sp. Even OTCM has the wrong increase, which obviously should be a decrease of 97% if it were based on $1. They're showing it as though the sp was still $.0001. Oddly enough OTCM is showing the sp for yesterday is $25.0051 on their data feed, but this what realtime shows.
12:32:20 0.0343 13
12:30:34 0.0343 2
10:06:50 0.0341 3600
09:57:49 1.00 1
06/28 0.0302 5
06/27 0.0501 3
06/25 0.03 2
05/15 0.0001 4650000
I hope they're forced to cancel rs since they blindsided people
Had a recent Reverse Split of 1:10,000. No updates to shareholders from company. ETrade will NOT accept any online trading. Not sure about any other platforms.
Is it just me, or does the stock it seem to be updating?
Anyone from the board close to one of the lawyer panther listed?
Did you mean Chino or Chico? There are a few listed in the Sacramento area, which is about 120 mi from Chico.
https://attorneys.superlawyers.com/securities-litigation/california-northern/sacramento/
I did a quick search for a Chino CA lawyer and didn't find much, however outside the area found this firm
https://www.dkrpa.com/
If you find any other options let me know - otherwise I will be calling next week.
Until Corley files a legitimate report the stock has no value. Its not that the company isn't making money; it is that all the money goes to one single person. Those who put up the money to fund the business, shareholders, have been shunted aside, lied to, then ignored, and now annihilated by Corley's Reverse Split. He has utterly destroyed the lives of some; and he did so knowingly.
Will price reflect change in stock value?
Since I primarily track scams, I have seen a 1:10,000 ratio occasionally. I have never seen one recover from it and become a successful company, though. One particular stock went on to reverse split 5 or six times. When it was all said and done, the splits summed up to a 1:4,000,000,000,000,000 (4 quadrillion). The owner eventually ended up in prison, but is now out and back in bus.
" He can try to explain away this RS anyway he wants. The reality is that this was his final act of theft. He has stolen blind the very people who put him in business. He does not have one ounce of integrity in his entire soul."
(Underlines are mine)
Have to agree with you on these statements, imo.
This action does not make sense to me.
Lots of other things could have been done without this, imo.
Respects.
hl
agree.
respects.
hl
lol at the RS ratio. I haven't seen that too often.
I dont care about the ceo. The man stated he couldnt find the ticker symbol.
although out of the blue, he did say he didn't give a chit about shareholders a long time ago, that was the clue.
lol the rumour was bs right from beginning
STAUD is merely a temporary designation because of the RS. Shareholders should have sued Corley long ago. He can try to explain away this RS anyway he wants. The reality is that this was his final act of theft. He has stolen blind the very people who put him in business. He does not have one ounce of integrity in his entire soul.
IT APPEARS THEY BLINDSIDED EVERYONE TYPICALLY OTC
I HAD A HUGE GTC ORDER FOR 1S GOOD THING I CANCELLED IT AND NICE BLINDSIDE BY COMPANY
My shares had the reverse split, 1 for 10,000 this morning. Also I am not getting any quote info, maybe a new symbol? I tried to get him to do one that was close to the name of Incrediwear. This should be interesting. I will have to cancel my GTC orders.
Why 1:10,000? Total shareholder wipeout.
hl
Miffed, Upset, Disappointed...plain old mad.
Disrespects Corley.
hl
Well there was a rumor going around of a Nike buy out
Only way this is good is if some bombshell news drops soon and I can’t imagine that happening.
STAU: one for 10,000 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
usually it is no good
however in this case the stock becomes active and people will be able to cash out, finally. This has been dormant for many years.
if the SP rises considerably then most of the previous shareholders should be able to break even.
What effect does a reverse split have?
most of us figured this one was done for good
did they blindside shareholders? Or was there an indication that it would happen?
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Health stores, sports stores, pharmacy, hospitals, sports teams, trainers and doctors.
Used by Olympians, NBA teams, NFL teams, tour de France riders, crossfit, and more (some of the biggest stars in sports wear incrediwear).
Incrediwear products are used by some of the best orthopedic clinics in the USA for ACL recovery.
Not just for stars, the everyday weekend warriors find amazing results!
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