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a) On February 2, 2015, MaloneBailey, LLP ("MB") resigned as the Company's independent public accountants. In September 2014 Jason Meyers our chief executive officer and director, signed a “Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA consenting to the entry of findings by FINRA, without admitting or denying any wrongdoing, that he misappropriated a portion of the proceeds of a private placement. As a result MB resigned as the independent auditor of the Company and withdrew its released audit opinions for 2009, 2010 and 2011 because it believed (i) it was prohibited from being associated with the Company’s financial statements and (ii) it could no longer rely on management’s representations. See Item 4.02. See also Item 8.01 for a description of Mr. Meyers prompt efforts to withdraw his consent to the AWC.
Yea, that is what I said.....try and sell all 5 billion.
So they are going to do a RM with 5 billion shares.............stupid.....now they will try and sell all 5 Billion
That guy is always running around to POS boards with RM bull.
Slap it yourself. This is one diluted pig.
The sellers are hungry today. Plenty of sellers out there.
The series B were converted 10,000 commons to 1 preferred. The conversion rate is between 4300 and 10,000.
You are correct!
You are starting to see the effects of toxic financings being converted to toxic preferreds being converted common shares.
15. Subsequent Events
Conversion of Preferred Stock
Subsequent to December 31, 2014, shareholders converted preferred stock into common stock as follows:
Preferred
Shares Common
Shares
Series D Preferred 106,256 106,256,000
Series B Preferred 1,850 18,500,000
These shares are NOW for sale.
Exactly......Pxyn does not have sufficient cash flow and the dilution in 2014 was horrific.
Well if that is true why is there SUBSTANTIAL DOUBT about the Company’s ability to continue as a going concern.
They pay very little debt in cash. They obtain toxic financing and convert it to toxic preferred shares. Fact remains they have significant cash flow problems and are UNPROFITABLE.
135 Million sold in 4 minutes. The good DR was hungry; had to pay for the pr.
Better call Saul. NRTI
Sierra will post anything as long as she is paid. Should be considered as another i-hub
This could very easily see .05's today. EEK
New 52 week low and crashing.
Institutions are not buying this; geeze
Mayday;;;Mayday
They certainly do alot of constant praying. I think they fell in love with this oinker.
Yea a 1000 share paint job; really means nothing
Yes, it says annual report Sep. 2015. Is that incorrect?
Per the annual report ending Sep 30 2015 the AS is 400M and the issued and OS is 104.4 M. Not sure what you mean by "maxed out".
There are no shorts to speak of. That is penny stock jargon. ALWAYS blaming shorts when it is the fundamentals. One hears this myth on every board. Way too expensive for retail to short.
It surly belongs in the 02;s or even 01's with all the dilution and their cash problems.
SAMP had $458 cash in their annual report. Hardly enough to run 1 restaurant. Just because they may be marginally profitable does not mean they have cash. In 2014 they lost {$19,747). They cannot acquire anything with no cash!
Of course there is dilution. SAMP had no cash. How do you think they are going to make acquisitions without any cash. Dilution is rampant.
Big issue for me as these guys have been involved with previous toxic financing. Last filing June 2015 so noone really knows what is going on. Is a problem with dealing with these foreign firms
The last time they filed a NT 10Q for Sept 30, 2015 they never did file. The last filing indicated they may have some Sarbanes-Oxley issues with their auditor. GL
Unless UAMM gives revenue estimates for this movie I doubt there will be much interest. Many expenses are paid for in shares of stock so there are always sellers.
No bid soon. The good dr gal will gladly sell you the 2's; then rs.
The problem is that Finra does allow it. I have seen 2 and 3 rs's in a year.
Individuals or firms hire paid promoters when they have alot of shares to sell. I do not think that it is effective because it indicates there are sellers out there. I sold oclg @ .0074 the day the promo came out; and I always will.
Not saying oclg will not recover.
The Pumps&dumps site says the promo has been running for 12 days. What is it with you guys; look it up. Duh
It sure is!
PUMPS@dumps.com
Well the PROMO (9 touts) has been on for 9 days. The price at the beginning was .0075. So, you know there is alot of selling going on.
I hope it runs for you.......GL
Hell, I don't care if you buy it. I do not like these sleaze bag, self-proclaimed ceo's. I am always in and out, usually with a profit or small loss.
Hell no, I one ticked it 3 times and then stayed out. She has been selling for months and will continue to do so. Never fall in love with these oinkers.