Since we can't know what the terms of private investors stake in SRE Power were before Reggie took the company public to where they stand with relation to being in a favorable position, granting them shares at $.10 is reasonable. They have to hold those shares for 1 year and they're probably confident that after that time is up they'll be worth more than that.
But him stating that anyone, accredited investors, no less, would pay $.25 a share is not reasonable. I worry that he would say that without an explanation that either makes sense because there's more to it, or he misspoke.
And not getting a reply to my questions regarding the revenues reported is bothersome to me.
I can't tell yet. I haz my 'spicions though. You should read the first PR under the new CEO - it's the most poorly written press release I've ever read (including the safe harbor portion lol) and it had to be reissued under the guise of providing "details" about their first acquisition. And THAT PR is a vision of sugar plums lacking certain details, such as how much gold ore the facility (a secondary deal not yet closed) is producing currently.
Then there are the first filings out this week. They tweeted that the financials were ready to go as soon as they got their "keys" for OTCM, but they've reissued both parts. They left their acquisition of the gold company out of subsequent events (LOLOLOLOLOLzzzz) which they corrected after I pointed it out. Then in the other filing, they checked NO to the question about a change of control, which was also corrected (in their third version) after I posted about that.
Today I posted about the "Investments from Acquisitions" (say what?) which derive from Nathan Hall's "business(es)" and about an hour later, they tweeted
MONI has hired a top tier PCAOB audit firm and will be filing an SEC form 10 registration along with our audited financials in the next 30-45 days. Our plan is to up-list to QB status ASAP. Moving forward all filings will be handled through this auditing team.
You may be interested to learn that the controlling shares Nathan Hall held in WOGI, which has reincarnated this year as MONI, are now held by Frank Ottaviani of United Treatment Centers history.
I can't know it for sure personally, but I've heard it from people I trust to know such things. And it does make sense.
Not that OTC CEOs are necessarily trustworthy in what they say but a lot of them are reporting they've submitted the reports and they're taking longer to show up at OTC Markets.
Regarding that limo company turned oil company - I very much suspect that the same three or four people are just trading shares over and over again, like Sisyphus trying to push the rock up the mountain.
Btw, do you know if OTCM is really that backed up with filings of companies trying to get current right now?
Yeah. I guess repairs aren't necessary if the government isn't going to foot the bill for travel any more. And he's hunkered down at Mar-A-Lago playing golf and celebrity host anyway so what does he need it for?
But the way things are going these days, a social media site where all the idiots can let loose would probably be a great success. Cuz, you know, there are a LOT of idiots.
Have your heard about his jet deteriorating on the tarmac? Where's he going to get the moola for his "own" social media site if he can't fund the repair and storage of his vanity aircraft?
(I'm thinking 2-3 months until "launch" is going to be a lot like his 2 weeks until he announces his bigly health care plan.)
Yes, I was told that by Jack Frankel who was handling the Chapter 7 case. He referred me to Janet Meiburger who was trustee for the Chapter 11 case but she hasn't gotten back to me.
From Jack Frankel....
The Lithium Technology Corporation bankruptcy case, number 14-14527-BFK, was closed, January 3, 2018.
For more information, you may want to contact the case trustee, Ms. Meiburger, or debtor’s attorney, Mr. Gaffey.
From David Gaffey.....
My firm was chapter 11 counsel to Lithium Technology. The case converted to chapter 7 and Janet Meiburger was appointed as the chapter 7 trustee. She was in charge of the company from that point forward, and our involvement with the company ended shortly thereafter. Janet likely will be the best person to speak with regarding the status of the company. Her email address is janetm@meiburgerlaw.com.
Well very well we might be bought out .011. The creditors were awarded approx.. 19 million. What the MM makers probably don't know the status of the 1.5 billion shares. And if they were cancelled by the bankruptcy judge it might potentially move this to 12 cents. A chapter 7 bankruptcy hardly ever gives shares holders money and is delisted. Can you show me a Chapter 7 stock the finalized a bankruptcy and has a market cap of 22 million and is still trading after almost 4 years! Klaus Brandt and Martin Koster are partnered with Monbat and they claim to have designed the best battery in the world. They were both our CEO's before. The big question is how this has a market cap of 22 million. Nobody is talking. And all the people I contacted told me there is nothing left. Some people never called me back. And some people stopped talking to me. These MMs aren't stupid. They know pretty much how much their shares are worth and they sell them to bag holders and the stock goes where ENCS is now lol IF YOU HAVE TIME TO READ MY POST YOU WILL SEE THE ENTIRE PICTURE! What you won't see is why we are trading.. I have only speculated almost every scenario possible. lol
These are just the ones that have bad info posted about them in order to start a buying frenzy. In each and every case, they've failed and people are now stuck in them, only to wait for the SEC to remove the ticker when they fail to get current in their obligations to OTC Markets.
There are plenty of others that people have tried to move with nothing at all, just a little volume.
AEMC, BYRG, KKUR, ENCS, GTLL, KGRI, MTRO, PMDP, TLIF plus so many others that I don't follow.
questions have arisen as to their operating status, if any; the recent, increased activity and volatility in trading in the securities of each of these issuers, in the absence of any publicly available news or recent information by these issuers; and certain social media accounts may be engaged in a coordinated attempt to artificially influence their share prices.
PTTN was a no brainer. Anybody that was still holding that one was not paying attention. All the warning signs were there. It is an abandoned shell that was being pumped on social media.
They got a few other good ones today that have been getting lots of social media pumping and volume absent any verifiable information from the company.
The 15 stocks:
1. Bebida Beverage Co. (BBDA) 2.Blue Sphere Corporation (BLSP) 3.Ehouse Global, Inc. (EHOS) 4.Eventure Interactive, Inc. (EVTI) 5.Eyes on the Go, Inc. (AXCG) 6.Green Energy Enterprises, Inc. (GYOG) 7.Helix Wind Corp. (HLXW) 8.International Power Group Ltd. (IPWG) 9.Marani Brands, Inc. (MRIB) 10.MediaTechnics Corp. (MEDT) 11.Net Talk.com, Inc. (NTLK) 12.Patten Energy Solutions Group, Inc. (PTTN) 13.PTA Holdings, Inc. (PTAH) 14.Universal Apparel & Textile Company (DKGR) 15.Wisdom Homes of America, Inc. (WOFA)
It should be noted that MEDT was just reinstated and PTAH was a custodianship stock - so the SEC doesn't care if an abandoned shell is being revived through a custodianship petition or otherwise, it they cannot be contacted through their OTC Markets page and are behind on their filings and public disclosures, they are a suspension risk.
Anybody still holding a no information stock being promoted on social media that isn't putting out news and filings through official channels is taking a huge risk.
The SEC has now suspended 70 no information stocks in the past 2 weeks:
The BK docs cease in 2015. What news do you expect to hit and what current information is there on LTHUQ?
Lithium seems to be the buzzword these days because of all the news surrounding the automotive industry, Elon Musk and others. People are hopping onto anything remotely associated with it. I've had recent experience with it.
Check out this post on the NWTT board. Then, look at the two month chart.
malice, is Lithium Technology Corp still in Chapter 7 bankruptcy? The last document in the case goes back to 2015. Why is it still trading some 6 years later?
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