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The R/S will pretty much wipe out the few shares I own,
Koos sold the shell and it reverse split 2000:1 back in February. Now trades under RIVU and supposedly a movie making company.
Anyone have any idea what caused yesterdays move and volume? Did this get a promo somewhere? I bought into this thing about 4 years ago and pretty much forgotten about it.
If they really had the money they claim in cash you would think they could pay off 25K and quit diluting the shareholders, but that will never happen. I doubt there will ever be any audits either. After almost a year the 2016 audit should have been done. You can't audit years concurrently. I wondered back months ago when Paul put out a picture of them counting labels for the audit what the hell that had to do with a 2016 an 2017 audit.
It cost the company half of what was owed? Are you serious? 166mm shares at .0003 is $49,800 which is what was owed. If those shares get dumped at .0005 that's a nice 67% return for the convertible debt holder, and you, the shareholder just got dumped on with another 166mm shares now in the float. Yeah, great deal for the shareholders.
Same old story with this POS. Put out news, dump shares. If they really had over 800K net profit for the quarter why didn't Sorkin pay off the 48k in cash instead of diluting shareholders another 166 million shares? Notice no time frame for completion of the audit either.
Good luck with that.
I don't understand why FINRA approves reverse splits for scams like these. It just enables them to prolong their scam and rip off more unsuspecting investors.
In red numbers prior to FDA approval. What's up with that?
Hopefully, Red Beak Nielsen will get some jail time out of this. I doubt it, but one can hope.
There's 75k in convertible debt now, an increase of 25k from the previous quarter.
Between Dec.31, 2017 and March 31, 2018 the shares in the float increased 117,614,866 shares. Sorkin forgot to mention that in his SHL. He selectively picks dates that shares were issued. Also, gross revenues and net income fell for the 4th quarter in a row. I guess he forgot to mention that too. No wonder the share price never goes anywhere.
That $22,500 penalty is nothing about 50-60 million convertible shares won't take care of. What is really amazing is Aronson gets barred by the PCAOB from ever working for a registered public accounting firm because of his shady accounting practices, and what does Cousin Brucie do? Hires him to do his books for him on the inside. LMAO. You can't make this stuff up. Only in the world of penny stock scams. Unbelievable.
Yeah, I did get lucky. Got a chance now to turn chicken sh$t into chicken salad.
JETR has done better in a few months than ADCF did in the entire 4 years that I held it. Grateful for the change. We should be looking for revenues of about 2.4mm for the first quarter.
Nothing but wash trades so far on L2, but CDEL is sitting on top of the Ask poised to start dumping once the Bid builds. So predictable with these guys, put out a PR, dump shares, over and over again.
Exactly. We all see what became of that deal. This Chinese fluff is just more of Cousin Brucie's BS to dump more shares. Good luck to anyone buying this garbage.
My guess is either in jail, or back in rehab.
Would have been nice to have heard some guidance for future revenues.
My concern with PV is that Sorkin diluted the shareholders $700k to pay for it, and has now taken 65% of it for himself. That's BS in my opinion.
I submitted a few questions for the CC which were never answered. One, what percentage of their revenue is attributable to People Vine? Two, why have gross revenues and net income decreased every quarter from the 1st quarter of 2017 thru the 4th? Three, if they only owed Golden Gate $122,500, why did they pay them $225,000?
I would like for Paul to explain how him spending 700k of shareholder money on Peoplevine and then taking 70% of it for himself and giving shareholders 30% is a good deal for the shareholders. I'm really not quite getting that one.
Whatever happens with Star Jet it can't be any worse than what it was. I've been holding the bag here for over 4 years waiting for a government, or any other contract, that never came. Hopefully, something good will come of this.
Up 900% today.
I think most folks have caught on to Molen by now and realize what a liar and scammer he is. He claims he is making Biochar in KY through a JV. What he means is he is buying it and reselling it to his son in AK to make it look like he is running some kind of legit business, but really only continuing to sell shares, which is all he has ever done. Wonder how he is coming with that 8,000 ton order from a year ago, the new plant in AK, the new torrefaction machine? All lies, LMAO. Molen is more full of $hit than a Christmas turkey.
With the recent news it seems the company still has a pulse. I guess that counts for something.
I think you can stick a fork in this one. At least in the past they had been filing the Q's on time. They are now 2 quarters delinquent and didn't even bother to file that they would be reporting late for either quarter. Best I can hope for I think is a dead cat bounce and cut my losses as best I can. I've never figured out what their problem has been. I guess either the technology doesn't work, they can't mass produce it, or it's way over priced. For years they always claimed to be in discussions with every defense contractor known to man and never sold anything.
All so true. If you bet black or red here the only guarantee is the wheel will come up 00 every time and you lose either way.
Molen is the poster child for the adage, "if his lips are moving, he's lying". Notice how all of his PR's are things he's going to do in the future? Of course, none of them ever come to fruition. The only thing that ever actually comes true is he sells more shares and fleeces more unsuspecting stock buyers.
Yeah, like when he took pictures of the property in SC that didn't belong to him and claimed he had started construction on a plant. Molen has no shame whatsoever.
Yeah, It looks like he is still on the loose. I give him another week or two before he puts out another bogus PR about a new contract, plant, or whatever. That would fit his MO. If you look at his last fins he doesn't even have a machine. There is no equipment listed on the balance sheet. But yet in August last year he PR'ed he had a 8,000 ton order from some mystery power plant. If his mouth is moving, he is lying.
"Red Beak" Nielsen is nothing but a scammer and a crook. I'm sure he's never paid the employees at the Cincy and New York plants the wages he stiffed them out of before he shut the plants down.
It would be nice if Sorkin put out some sales numbers for April and May. Back in February, March, and April he was tweeting out the monthly numbers regularly. We have heard nothing to date about the second quarter sales, and the quarter ends Friday.
More Molen lies. He's still yet to produce and sell anything with the machine he supposedly already has. If he really does have a working machine why not move it to Alaska instead of building one? Total BS. He just wants to sell more shares. That's the only thing he has ever sold in his life. Look at his history.
News out. Partneship with Abcon.
Nice. Looks like they are trying to build a real company here. Not just another scam like Molen and Gaspard were running.
We know that as of Dec. 31,2016 Golden Gate had a little over 109mm shares from the 13G filing in Feb. 2017. Those shares convert at 80%, so it will be a long time paying those off. We don't know how many more shares Golden Gate is going to get, as the 109mm put them at the max of 9.99% of the OS. If revenues for the quarter are what they are claimed to be it would be nice to see management just pay them off in cash and be done with it. If they hadn't thrown 50k down the rat hole that is Four Oceans that would have been a good start at paying off Golden Gate.
Almost 200 million shares added to the OS and float in the last 3 1/2 months. So much for not diluting the stock. It seems to be their pattern of late that they dilute shares every other quarter. When the annual report came out Sorkin was trumpeting, "no shares issued the last 3 months." Then they dump 200 million. I think I will wait until Sorkin starts buying shares before I put anymore of my money in this stock. If the stock is so cheap, and going to run so high, why is he not buying?
I quickly glanced thru the report. Looks about the same as they have put out the last 3-4 years. Still no sales, but they are in discussions with everyone. I don't get this husband and wife team that run this company. They're not constantly diluting shares, and yet there is no revenue coming in either. I don't know why they bother with this. I did see that this year they did give shares to what looks to be their daughter for "consulting". I had hoped the 2 guys they brought on board last year would have helped generate sales, particularly the guy retired from Northrup-Grumman, but no sales, and doesn't look like either of them are still there. Oh well, maybe next year.
That rally sure didn't last long. Maybe there will be something in the fins coming out next week to get excited about again. I'm not holding my breath, however.