Oh well. This is my first loss. I am curious as to how many shares people have. I stopped playing in this arena because of this stock.

This is certainly not alRIGHt.

oops, How

The playing field is far from level as you have clearly illustrated. Who are you able to see that much detail?

Some people will be riding this RIGHt into the ground.

I can think of far better ways to lose $6,000 + commissions in a week. That is significant.

The question is a little pretentious, but I digress. I feel great since I purchased more LATF @ .0038 when I sold 2.5M of my shares. That company is also current, but has been profitable for atleast 5 consecutive quarters so I'm certain it will be around for some time.

I'm still holding some shares so it is not a total loss, but please don't believe that some people didn't sell and put the funds in much more lucrative securities.

I am certain some of you realize that just being current is a minimum step in the process. It is like just showing up for work on time. There is much more that needs to happen.

It has time to right the ship, but I personally would not be happy until I see some net income. Slow or fast, you can only bleed for a finite amount of time.

Looks like I have held onto enough shares so that if I am ever in the bathroom and run out of toilet tissue, I will be in good shape.

I honestly cant see how far it can move with so many shares outstanding. Even at .0020, you are looking at a Market cap of $60M dollars. Certainly will not go near a penny unless it starts making significant 8 figure revenue or a 100/1 or more R/S.

The part that goes unnoticed is the mentality of people getting excited over a move to limited status. That would be like me getting excited about my child coming home with a C for a grade or like saying in 2 years you will be promoted from cleaning toilets to handing out towels. What does that say about how bad something must have been to feel some sort of relief about that change.

Be careful! The truth isn't always popular and what is popular isn't always the truth.

I will sit back and watch this play out.

That is your opinion. Financials can tell you a great deal about the viability of a company over the long term. If the company is losing money every quarter and eventually goes under, your investment is lost. Someone will be left holding shares. People make things more complicated than necessary. If you eat less calories than you burn, you will never get fat. If you earn more money than you lose, you will never be insolvent. You can say what you want about this company, but the red flags are there.

This is part of the reason why people lose so much money in the first place. Basing decisions on emotions and not facts can have you lose just as much if not more on the big boards as well. At one time Circuit City was doing several billion dollars a year in revenue. Where are they now? If you saw the financials you could see it hemorrhaging money quarter after quarter.

Of course they are manipulated to a degree, but a company that is growing every quarter, producing net income and a sound business plan will get to a point where it is not so easily manipulated and leave all of the others far behind. I would never encourage anyone to invest in this company. We will revisit this conversation, if it goes to .0001. Often, money tied to something like this is a loss if it was possible to utilize the money elsewhere.

That is absolutely false. I read a great deal of financials and I own a few that are quite profitable. Hemp, Inc is quite profitable with almost no debt and Latteno Foods is another that has been profitable for all of 2013 and both already posted net income for the 1st quarter 2014. I made over 20K on Hemp, Inc when it went to 34 cents. So please stop making excuses for what most likely will be a bad investment. BTW, try looking at the 10% that aren't if you feel that 90% are.

I have invested elsewhere and really don't care what this stock does because I only have 500K. If you are going to continue down this path of potentially bad investments, don't become too acquainted with the money you currently have.

The part that concerned me was related to the Go Concern comments which were very specific. I decreased my position from millions to just 500K. I don't care what happens now because this should not be viewed as a long term investment by any stretch of the imagination just because it is in MJ sector. There are plenty of other viable alternatives. The best hope people will have is to make some quick money on the bump. I am not sure if it is ego or faith getting in the way of the facts, but the data is there. Investing in this stock is like playing Russian roulette with 5 bullets in the chamber.

I pointed out this exact same thing, but often times emotions exceeds basic intelligence in some people. That never leads anywhere good, but I digress. I will just watch.

Well, I have held this stock since early February so I can tell from that period of time until now, how well you are doing with this one. :)

If every investment you have made says this, you should seriously consider finding something else to do with your money.

"Currently, the Company has limited operating history and has incurred operating losses, and as of December 31, 2013 the Company had an accumulated deficit of $2,283,291.53 These factors raise substantial doubt about the Company’s ability to continue as a going concern. "

You have invested in a great deal of companies that are not profitable or don't have much cash or cash equivalents. If they were profitable, it would not say that they need outside financing to continue meeting their financial/capital obligations and that financing is not yet secured. You should try reading the entire statement.

I understand but read the details of what it is saying. The problem with emotions is it will always blind you to the facts. Read and understand the details. That is not just a blanket statement. Read it with comprehension and not preconceived opinions.

I spent many years as an accountant including a few years with Deloitte & Touche in the mid 90s. You should read it and understand it before asking that question. That is why it is a concern. It clearly states without outside financing that they may not be able to meet their capital needs and continue based on the major loses incurred by an infant company.

This is the part that matters most to me and should to you if you are considering holding this stock for a long period of time. If you are thinking emotionally when it comes to money, you are already at a loss. Let the facts speak and not your emotions.

Note 9: Going Concern

"The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. Currently, the Company has limited operating history and has incurred operating losses, and as of December 31, 2013 the Company had an accumulated deficit of $2,283,291.53 These factors raise substantial doubt about the Company’s ability to continue as a going concern.
Management believes that the Company’s capital requirements will depend on many factors including the success of the Company’s development efforts and its efforts to raise capital. Management also believes the Company needs to raise additional capital for working capital purposes. There is no assurance that such financing will be available in the future. The conditions described above raise substantial doubt about our ability to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recover-ability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern."

Just lowered my position by selling 1.6 million shares. i feel better now. I will keep a small position in case I am wrong and let others buy millions to sit and wait for the pot of gold at the end of the rainbow.

I am desperately trying to sell my shares and have been for over a week. I would rather move the funds into something that actually files on time and is proven to be profitable. This waiting around to make a quick few dollars is not for me, but long term gains in a solid company is a far better approach. This stock brought me closer to that realization.

I have been trading pinks since I worked for Deloitte & Touche in the mid 1990s. I have never seen any publicly traded company take this amount of time to release any information. There is no way to put a positive spin on the lack of factual information that is out there. Opinions & conjecture are not solid evidence. Just makes for conversation on a board amongst strangers.

I believe a great deal of the anxiety could have been avoided if the CEO released some generic news on the status of the company, financials & any future plans. That doesn't seem like an unreasonable request. The fact that no information has come out over such a long period of time should be concerning. Except in the minds of a few idealistic people, the facts far outweigh the opinions and point in a negative direction.

You will rarely encounter in a lifetime someone holding in great news regarding any topic for a long period of time. Bad news or potentially bad news is usually the information that is offered as late of a date or time as possible.

That guarantee is probably worth as much as the one on my TV from Circuit City. I like your optimism though and hope you are right.

It is not absolutely necessary, but it makes it difficult to bring an action against someone for infringement. So much defense for a company with zero facts or material information. When people attempt to provide more opinion about a company than the company itself releasing factual information, that should cause concern.

That still does not explain why the registration was abandoned during the process. There was a reason and it could be a material reason related to the company itself.

That wasn't the argument. The problem was the use of the (R) symbol for a non-registered mark. They only basically have common law rights where they are currently doing business. No one can explain why they abandoned the registration. You lose your fee when you do that not that is a great deal of money, but just wasteful. There are a great deal of inconsistencies regarding this company. Any trader worth a salt would never come near it.

That is partly true. I believe that during the process of attempting to obtain the registration, they received an office action or letter from the USPTO explaining any reasons for refusal, and any technical or procedural problems in the application. If you don't answer the letter or final refusal in a timely manner, then it is labeled abandoned.

Actually anyone can use the BudGenius name if they were either using it commercially before RIGH or are located in a different area. BudGenius may only have common law rights to the name where they are currently conducting business and cannot prevent someone else in other locations from using it since it was never federally registered. Even if they attempted to dispute the use against someone else, they would have to prove that they were using it commercially prior to the other company and even then they might not be successful.

It was obviously abandoned because they didn't overcome some issues in the process. Also it says ABANDONED not EXPIRED or CANCELLED. There is a big difference. Abandoned means it never registered. They filed in March 27, 2012 and it was abandoned on January 4, 2013. They didn't respond to a refusal(s) letter in a timely manner.

Even if it was registered, anyone that was using it commercially prior to RIGH can continue to use it, but can't expand outside of where they are currently doing business. It is a complicated area which is why I use a Trademark attorney, that was a USPTO examiner for several years, to handle any issues I have of people attempting to use my service mark.

I have a registered Service mark for my business and nothing stops the process, but the USPTO sending a refusal letter or office action, otherwise it sails through and you are issued a registration number. The registration certificate comes several weeks later.

I hope you are right and I wish you the best. I don't want to see anyone lose money.

One of the worse mistakes a person can make is letting ego, greed, faith, hope & other emotions get in the way of solid facts and evidence. I am doing my best to sell my position because there are no factual indicators outside of the rhetoric people here, that have nothing directly to do with the company, that points to anything more than a quick bump. Months go by while people say "any day now" or "news is coming" with the caveat IMO and investment money is tied to something that may or may not be real. What is very real is the decrease in value of your investment account.

That is not cool. I actually have Registered Trademark for the slogan of my business. It is an interesting process to go through. It is not legal to use it if it is not registered or abandoned.

I can't wait to see the spin people here attempt to put on this information.

Straight from the USPTO

Word Mark BUDGENIUS
Goods and Services (ABANDONED) IC 042. US 100 101. G & S: Laboratory testing services; Website Services; Computer and technological professional services, namely, website services, online directory services, ecommerce services, social media services, online advertising, and scientific laboratory research utilizing chromatography and real-time PCR techniques for determination of compounds (known and unknown) and genetics
Standard Characters Claimed
Mark Drawing Code (4) STANDARD CHARACTER MARK
Serial Number 85581590
Filing Date March 27, 2012
Current Basis 1B
Original Filing Basis 1B
Owner (APPLICANT) BG Medical Technologies, Inc. CORPORATION NEVADA 1702 'A' Street, Suite C Sparks NEVADA 89431
Attorney of Record Raj Abhyanker
Type of Mark SERVICE MARK
Register PRINCIPAL
Live/Dead Indicator DEAD
Abandonment Date January 4, 2013

I would like nothing more than to get rid of 1/2 my shares and move onto something else.

Personally, I think that was a smart move and I agree with you. I would like to get out, but I am down several thousands so I am holding on which could prove to be foolish. There is far more optimism than realism here and I would rather have made the move you made and put that money elsewhere. Getting out, you know your position, but holding on has a great deal uncertainty.

I will look into it. I appreciate the help.

What can I do at this point. It is not really a security I want to hold on to. I would just like to sell it to get my money back. If I open an E-trade account, how would I move the shares from Scottrade to the new account?

Interesting.

Why not? This is the only security that has caused a problem. Not to mention, I don't have just have few hundred dollars in there and only trade pennies. That is an odd assumption.

My 5M shares in my Scottrade account are still frozen. I called them and spoke to someone and he said he would get back to me. That was on Friday. I believe it traded 730M on Friday so how could it be on the DTC Chill list?