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dk if u dont mind me asking,,how much did u lose?dont feel bad many of us fall victim to these scams,,,i lost nearly 10 grand my entire savings in 2004 on ATNG and MRMN,,,now after R/S ZANN and MMON,,both r/s scams but nothing like this...i feel sick evey day for making this mistake,,i should have known better
this cant be legal,,,lol i have seen many many scam penny stocks but this one is the king of all r/s scams,,,i think this split nearly half dozen times in 18 months
Are they really off the board?
The quote is -100% today. Does this mean they were finally shut down? I can hope!!
ANOTHER REVERSE SPLIT!?!?!?!??!?!
(COMTEX) B: AFRD: Merger; Directors; Reverse Stock Split [delayed] ( Event
/Knobias.com )
B: AFRD: Merger; Directors; Reverse Stock Split [delayed] ( EventX/Knobias.com )
Ridgeland, MS, DEC 16, 2004 (EventX/Knobias.com via COMTEX) -- American Fire
Retardant Corp (OTCBB: AFRD) in a PRE 14C filed today, reported that the Company
intends to seek the written consent of a majority of stockholders, for the
following purposes:
1. Approve the merger of American Fire Retardant Corp. with and into Global
Materials & Services, Inc., a newly formed Florida corporation;
2. Change our domicile from Nevada to Florida by means of a merger of American
Fire Retardant Corp. with and into Global Materials & Services, Inc., a newly
formed Florida corporation;
3. Elect directors of Global Materials & Services, Inc., the surviving Florida
corporation;
4. Approve the change in par value of our common stock from $0.0001 per share to
no par value per share under the articles of incorporation of Global Materials &
Services, Inc., the surviving Florida corporation, which will govern us
following the merger and change in domicile; and
5. Grant discretionary authority to our board of directors to implement a
reverse stock split of our common stock on the basis of one post-consolidation
share for up to each 2,000 pre-consolidation shares to occur at some time within
12 months of the date of this information statement, with the exact time of the
reverse split to be determined by the board of directors.
This preliminary information is subject to regulatory approval.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been
delayed by at least 10 minutes. To get all Knobias alerts in real-time daily,
visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading
and investing data covering all U.S. equities for investors and security
professionals. Knobias is best described by its three major components:
Real-time desktop applications providing quotes, charts, level 2, analysis etc.;
Knobias RAiDAR providing thousands of real-time news stories, alerts and
documents daily; Knobias fundamentals providing a comprehensive database of
fundamental research information.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx
Copyright 2004 Knobias.com, LLC, All rights reserved.
-0-
SUBJECT CODE: Merger/Acquisition
Management Issues
Shareholder Issues
Stock Split
Proxy Filing
Important Co. News
Watch Stories
*** end of story ***
what I want to know is who the hell was trading this POS???
how the hell can we shut these thieves down??? Since the SEC won't do anything...maybe the Sec of State in CA??
Not REALLY broke, one share left.
Out of 600000 shares a few weeks ago.
AFRC is incorporated in Nevada. Anybody interested should file complaint against AFRC to Nevada Secretary of State Securities Division - phone (702) 486-2440. Don't hesitate. AFRC has to be accountable for all the damages to their shareholders!!!
I'd be amazed if the CEO ever GOES to the office. I'm just WAITING to read about a HALT. Or something. ARGH...blatant theivery. Stunning that it's legal, and AFRN/D/T/whatever CONTINUES to pull this crap off.
I file a new complaint against AFRC. If there is any justice SEC will shut down this company one day!!!
Same with Scott Trade. Now stock holders should meet at Ceo's office.
did you bail, or get hosed?
I have officially lost all my money. The stock isn't even showing in my TD Waterhouse acct anymore.
AFRN: Sets 1-2000 Reverse Stk Split; Eff Nov 01
Friday , October 29, 2004 13:03 ET
According to the NASDAQ Dividend List, American Fire Retardant Corp (OTCBB: AFRN) has declared a 1-2000 reverse stock split. This reverse stock split will ONLY be available to shareholders of record as of November 01, 2004.
DECL-DATE X-DATE REC-DATE PAY-DATE----------- ----------- ----------- ----------- 10/29/2004 11/01/2004 N/A N/A
AMOUNT: 1-2000 reverse splitFREQUENCY: N/ACHANGE: N/A
ADDITIONAL INFO: New symbol (AFRD)
Knobias may issue additional reminder alerts to track the important dates surrounding this corporate action.
Public Companies Associated with this story:
(COMTEX) B: AFRN: Prxy Vote; Name Change; Stk Split; Shr Increase [delayed
( EventX/Knobias.com )
B: AFRN: Prxy Vote; Name Change; Stk Split; Shr Increase [delayed] ( EventX/Knob
as.com )
Ridgeland, MS, OCT 25, 2004 (EventX/Knobias.com via COMTEX) -- American Fire
Retardant Corp (OTCBB: AFRN) in a DEF 14C filed today, reported that the Company
intends to take the following action pursuant to the written consent of a
majority of stockholders of the Company:
1. To grant discretionary authority to our directors to amend our articles of
incorporation to change our name from "American Fire Retardant Corp." to "Global
Materials & Services, Inc." within 180 days of this information statement with
the exact time of the amendment to be determined by our directors;
2. To implement a reverse stock split of our common stock on the basis of one
post-consolidation share for each 2,000 pre-consolidation shares;
3. To amend our articles of incorporation to reduce the par value of our common
stock from $0.001 per share to $0.0001 per share;
4. To amend our articles of incorporation to increase the number of our
authorized shares of common stock to 19.8B shares; and
5. To approve Stock Plans of American Fire Retardant Corp.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been
delayed by at least 10 minutes. To get all Knobias alerts in real-time daily,
visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading
and investing data covering all U.S. equities for investors and security
professionals. Knobias is best described by its three major components:
Real-time desktop applications providing quotes, charts, level 2, analysis etc.;
Knobias RAiDAR providing thousands of real-time news stories, alerts and
documents daily; Knobias fundamentals providing a comprehensive database of
fundamental research information.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
agreed completely. 5 reverse splits in what..3.5 years? Absolutly legal, but criminal in my mind. And the SEC should just flat HALT them, and fine them, and throw them in jail.
Let Stephen F. Owens join Martha Stewart.
Maybe if all shareholders file a complaint now, maybe he is a criminal.
I'm content to let the SEC do their job..
on second thought....
:)
Directors address's are public record.
Guess it's time to file ANOTHER complaint. This is downright criminal.
AFRN R/S'in again
American Fire Retardant Corp Pre-14c
To Our Stockholders:
The purpose of this information statement is to inform the holders of
record of shares of our common stock and preferred stock as of the close of
business on the record date, September 24, 2004 that our board of directors has
recommended, and that a majority of our stockholders intend to vote in favor of
resolutions which will accomplish the following:
- Grant discretionary authority to our directors to amend our articles of
incorporation to change our name from "American Fire Retardant Corp." to
"Global Materials & Services, Inc." within 180 days of this information
statement with the exact time of the amendment to be determined by our
directors;
- Implement a reverse stock split of our common stock on the basis of one
post-consolidation share for each 2,000 pre-consolidation shares;
- Amend our articles of incorporation to reduce the par value of our common
stock from $0.001 per share to $0.0001 per share;
- Amend our articles of incorporation to increase the number of our
authorized shares of common stock to 19,800,000,000 shares; and
- Approve the following Stock Plans of American Fire Retardant Corp.:
(a) Employee Stock Plan for the Year 2003, adopted by the directors on
April 28, 2003 with 200,000,000 shares available for issuance under the Plan;
(b) Employee Stock Plan for the Year 2003 No. 2, adopted by the
directors on May 21, 2003 with 15,000,000 shares available for issuance under
the Plan;
(c) Employee Stock Plan for the Year 2003 No. 3, adopted by the
directors on June 23, 2003 with 10,000,000 shares available for issuance under
the Plan;
(d) Employee Stock Plan for the Year 2003 No. 4, adopted by the
directors on August 26, 2003 with 395,000,000 shares available for issuance
under the Plan;
(e) Non-Employee Directors and Consultants Retainer Stock Plan for the
Year 2003 No. 11, adopted by the directors on August 26, 2003 with 200,000,000
shares available for issuance under the Plan;
(f) Employee Stock Plan for the Year 2003 No. 5, adopted by the
directors on October 15, 2003 with 595,000,000 shares available for issuance
under the Plan;
(g) Non-Employee Directors and Consultants Retainer Stock Plan for the
Year 2003 No. 12, adopted by the directors on October 15, 2003 with 995,000,000
shares available for issuance under the Plan;
(h) Employee Stock Plan for the Year 2003 No. 6, adopted by the
directors on December 4, 2003 with 700,000,000 shares available for issuance
under the Plan;
(i) Non-Employee Directors and Consultants Retainer Stock Plan for the
Year 2003 No. 13, adopted by the directors on December 4, 2003 with 295,000,000
shares available for issuance under the Plan; and
(j) Stock Plan for the Year 2004, adopted by the directors on January
9, 2004 with 1,200,000,000 shares in the aggregate available for issuance under
the Plan.
We have a consenting stockholder, Stephen F. Owens, our president and
director, who holds 100,000,000 shares of our preferred stock. Mr. Owens will
vote in favor of the proposed amendment to our articles of incorporation. Mr.
Owens will have the power to pass the proposed amendment without the concurrence
of any of our other stockholders.
Pursuant to our amended certificate of designation establishing Series A
preferred stock, each share of our currently issued and outstanding Series A
preferred stock may be converted into 10 fully paid and nonassessable shares of
our common stock. On all matters submitted to a vote of the holders of the
common stock, including, without limitation, the election of directors, a holder
of shares of the Series A preferred stock shall be entitled to the number of
votes on such matters equal to the number of shares of the Series A preferred
stock held by such holder multiplied by the number of shares of the common stock
each such share of the Series A preferred stock shall then be convertible.
Therefore, Mr. Owens will have the power to vote 1,000,000,000 shares of the
common stock, which number exceeds the majority of the issued and outstanding
shares of the common stock on the record date.
Mr. Owens will vote in favor of the proposed grant of authority to the
directors with respect to the amendment to our articles of incorporation, for
the change in par value of our common stock, for the reverse split of our common
stock and for the approval of our Stock Plans.
Previous Amendments. This information statement is also being sent in
connection with the previous approval by our board of directors of the corporate
actions referred to below and their subsequent adoption by our majority
stockholders. Accordingly, all necessary corporate approvals in connection with
the matters referred to herein have been obtained, and the discussion of the
November 13, 2002 and February 28, 2003 Amendments in this information statement
is furnished solely for the purpose of informing stockholders, in the manner
required under the Securities Exchange Act of 1934, as amended, of these
corporate actions.
The November 13, 2002 Amendment. On November 13, 2002, as authorized by the
necessary approvals of our board of directors and our majority stockholder, we
approved the adoption of an amendment (the "November 13, 2002 Amendment") to our
articles of incorporation in the form of Attachment C hereto, which (i)
-------------
increased our authorized preferred stock to 25,000,000 shares; and (ii)
increased our authorized common stock to 375,000,000 shares.
The November 13, 2002 Amendment was adopted because our board of directors
believed that our then existing capital structure was inadequate for our
corporate needs. Following the November 13, 2002 Amendment, on February 3, 2003,
8,500,000 shares of our preferred stock were designated as Series A preferred
stock, pursuant to the certificate of designation of the Series A preferred
stock. Thereafter, on March 6, 2003, we adopted a second amended certificate of
designation, increasing the number of shares designated as Series A preferred
stock from 8,500,000 to 25,000,000.
The November 13, 2002 Amendment was approved by a majority of the total
number of shares of common stock and preferred stock issued and outstanding and
entitled to vote on the matter. Consequently, an amendment to our articles of
incorporation, as well as the certificate of designation of the Series A
preferred stock and the second amended certificate of designation of the Series
A preferred stock were filed with the Secretary of State of Nevada by our proper
officers.
The number of shares of our common stock outstanding at the time of the
adoption of the November 13, 2002 Amendment was 54,031,578; and the number of
shares of the common stock entitled to vote on the November 13, 2002 Amendment
was 54,031,578. The number of shares of our preferred stock outstanding at the
time of the adoption was 2,500,000; and the number of shares of the preferred
stock entitled to vote on the November 13, 2002 Amendment was 2,500,000.
The number of shares of our common stock that voted for the November 13,
2002 Amendment was 27,421,000. The number of shares of our preferred stock that
voted for the November 13, 2002 Amendment was 2,500,000. The vote for the
- 2 -
November 13, 2002 Amendment was taken in the form of a consent executed by our
stockholders owning a majority of our shares entitled to vote thereon, pursuant
to the provisions of Section 78.320 of the Nevada Revised Statutes. However,
each share of the preferred stock was entitled to be counted as 10 shares of
common stock for voting purposes. As a result, 2,500,000 shares of the preferred
stock were equal to the vote of 25,000,000 shares of common stock, which number
exceeded the total number of the issued and outstanding shares of the common
stock on the record date for the vote on the November 13, 2002 Amendment. The
number of shares voted against the November 13, 2002 Amendment was zero, with
the result that the November 13, 2002 Amendment received a majority of the votes
of the outstanding stock of each class of our stock entitled to vote thereon.
The February 28, 2003 Amendment. Our board of directors determined that our
capital structure was still inadequate to serve our ongoing needs, despite the
recent November 13, 2002 Amendment to our articles of incorporation. Therefore,
on February 28, 2003, as authorized by the necessary approvals of our board of
directors and our majority stockholder, we approved the adoption of an amendment
(the "February 28, 2003 Amendment"), in the form of Attachment D hereto, to our
------------
articles of incorporation which (i) increased the number of shares of our
authorized preferred stock to 200,000,000 shares; and (ii) increased the number
of shares of our authorized common stock to 1,800,000,000 shares.
The February 28, 2003 Amendment was approved by a majority of the total
number of shares of common stock and preferred stock issued and outstanding and
entitled to vote on the matter. Accordingly, an amendment to our articles of
incorporation was filed by our proper officers with the Secretary of State of
Nevada.
The number of shares of our common stock outstanding at the time of the
adoption of the February 28, 2003 Amendment was 167,231,579; and the number of
shares of our common stock entitled to vote on the February 28, 2003 Amendment
was 167,231,579. The number of shares of our preferred stock outstanding at the
time of the adoption was 18,000,000; and the number of shares of the preferred
stock entitled to vote on the February 28, 2003 Amendment was 18,000,000.
The number of shares of the common stock that voted for the February 28,
2003 Amendment was 7,000,000. The number of shares of the preferred stock that
voted for the February 28, 2003 Amendment was 18,000,000. The vote for the
February 28, 2003 Amendment was taken in the form of a consent executed by
stockholders owning a majority of our shares entitled to vote thereon, pursuant
to the provisions of Section 78.320 of the Nevada Revised Statutes. However,
each share of preferred stock was entitled to be counted as 10 shares of common
stock for voting purposes. As a result, the 18,000,000 shares of the preferred
stock were equal to the vote of 180,000,000 shares of common stock, which number
exceeded the majority of the issued and outstanding shares of the common stock
on the record date for the vote on the February 28, 2003 Amendment.
This information statement is being mailed on or about October 22, 2004 to
all stockholders of record as of September 24, 2004.
We appreciate your continued interest in American Fire Retardant Corp.
Very truly yours,
/s/ Stephen F. Owens
Stephen F. Owens
President
yup. Filled the online SEC form about a month ago.
Have you filed a complaint yet?
I sold the last of this POS that I had held in hopes of it bouncing back. Got my tax loss covered for the year.
these people really need to be halted by the SEC.
With the stock at 1/2% of what it was a few weeks ago, we should really have a stockholders meeting and find out how much the officers of the company are being paid. Maybe we could convince them to work for the company instead of the reverse.
how do you know of ANOTHER R/S? That would SO suck.
This stock is trading as another r/s is coming by the end of this month. No mention the loss prior to the last r/s, AFRN lost 98% in just three weeks. Pure garbage!!! Worst ever.
I take the risk and add to my position...
WOW!! Will soon be the same price per share as before the reverse split.
I think there's a zillion shares still out :)
After all these reverse splits, where are there enough shares to trade 26 million in one day?
4 reverse splits in 24 months or so didn't help the share price either.
POS is a massive understatement.
OBVIOUSLY THE MARKET DOES NOT BELIEVE THAT THEY HAVE 1.3 MILLION IN CASH
{"a market cap of 200k w/1.3 mil. in cash is out of control."}
HELL,
THE MARKET DOES NOT EVEN BELIEVE THAT THEY HAVE $ 200,000
AT THIS RATE OF IMMOLATION,
THEY WILL NOT BE ABLE TO STAY IN BUSINESS LONG ENOUGH TO GET THE REVENUES FROM THEIR ONE TRICK CHRISTMAS SEASON PONY,
"CHRISTMAS TREE FIRE RETARDANT SPRAY PRODUCT"
- EVEN IF ANYBODY KNEW ABOUT IT TO ASK FOR IT TO BUY IT
Down from .03 to .0045 Low in 2 weeks & still in FREE FALL
now it must gain +500% to get back to 3 cents!!!
from 3 pennies to LESS than a HALF of ONE penny!
Re: from $11,250.00 to .03 pennies in 16 months
WHAT A POS
Most oversold stock I've seen....
I know long term holders have been burned by these reverse splits but a market cap of 200k w/1.3 mil. in cash is out of control.
I just do not understand....
Enough cash to by every share 4x over and we continue to drop like a rock
Short trades
Imagine one took short positions.
Anyone considered this may be a ploy to make the stock almost worthless just so the president and board can buy up the company for nothing??
From the official P/R:
"2004 has been and will continue to be a very exciting year of growth and progress."
'2005 promises to be the Company's best year to date." James also added, "We believe that our shareholders will soon see first hand what AFRC has worked so hard to build."'
What a joke!!
Maybe we could have a shareholders meeting at the chairman's front lawn??
I can't belive it. I am down 95% as we speak. We have to file a complaint with the SEC. I'll do it anyway. AFRT/AFRN is doing a criminal act that should not be left unpunished. I tried to reach James Wheeler but he is on a vacation and be back next week. What a scam!!!
where the hell is the SEC and why is this POS still being allowed to trade?
Next 3 months will be interesting...
They are still in process of selling the Glovebox,
within 90 days, and they had over a million in cash
at the end of the period as shown on the quarterly
report. But I now need .80 to just break even, when before
the Split today I only needed .003. But hey, nothing more to lose
now, may as well just hold it and wait. 50/50 now .
from $11,250.00 to .03 pennies in 16 months
NEW TICKER: AFRN.ob
DOUBLE BOTTOM BREAKDOWN 21 JULY 2004
scroll to bottom @
http://stockcharts.com/gallery?AFRN
this chart shows - based on post split numbners - that
AFRT/AFRN was the equivilent of $11,250.00 in April of 2003
http://stockcharts.com/def/servlet/SC.web?c=AFRN,uu[h,a]daclyyay[de][pb50!b200!f][vc60][iut!Uf!Lc20]...
http://tinyurl.com/7xakv
WHY HAS THE ENTIRE BOARD OF DIRECTORS NOT BEEN LYNCHED, SHOT, OR TORCHED YET?
it just completely amazes me that the SEC doesn't shut this POS scam down.
electrospiro wrote on 7 July:
{"I talked to AFRT a week ago and my broker talked to them yesterday. James Wheeler reassured that they don't want to make another reverse split in the near future( we just made one three month ago, he said)."}
WELL - THERE YOU HAVE IT!
AT LEAST NOW WE KNOW NOT TO WASTE TIME ASKING COMPANY OFFICERS FOR INFORMATION
ALL THEY WILL DO IS LIE THROUGH THEIR TEETH
SO WHY BOTHER?
after this past reverse spilt of 1 for 250
AFRN (a new ticker symbol so nobody can see how this DEAD DOG HAS BEEN FREE FALLING FOR THE PAST TWO YEARS) WOULD HAVE TO GAIN 10,000% JUST FOR ME TO GET MY MONEY BACK.
I hope the officers use their product. They may need it if any really pissed off shareholders TORCH THEIR HOMES!
ROTFLMAO. not bad. 4 R/S' in 24 months. The SEC should shut these people down.
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