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Anyone else subscribe to Changewave? I noticed under the BBND recommendation that the chart was really BIGN's! Hmmmm.
A little buzz on BIGN.
Feb 06, 2007 (M2 PRESSWIRE via COMTEX) -- Bull in Advantage, LLC a.k.a. Redhotpennystock.com names Biogenerics Limited (Pink Sheets:BIGN), Xtreme Motorsports of California, Inc. (Pink Sheets: XTMS), YTB International, Inc. (Pink Sheets: YTBL), Seamless Wi-Fi, Inc. (SLWF) and ActiveCore Technologies, Inc. (ATVE) its "Red Hot Penny Stock."
Visit http://www.redhotpennystock.com/ to sign up for our ahead of the curve newsletter!
You can visit our site at either http://bullinadvantage.com/ or http://redhotpennystock.com Biogenerics Limited (Pink Sheets:BIGN - http://finance.yahoo.com/q?s=BIGN.PK )
Biogenerics Limited (Pink Sheets:BIGN) subsidiary Tyche Energy Inc. reports that the N2 vision seismic interpretation evaluation report has targeted a well that the Company expects will produce up to 5,000 mcf/gas per day. The well is located on Tyche Energy's Dunwich County Acreage in Southwest Ontario. Recent discoveries from the Grimsby formation nearby have resulted in proven gas reserves of up to 2.0 BCF per well.
Tyche Energy remains steadfast on its path to exploit demand for oil and gas on the North American continent. The Company expects to begin drilling of the targeted well located in Elgin County, Ontario in early February.
Website: http:/www.bignltd.com
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy Inc. and Hydroslotter Corp.
Exactly what I think will happen. From the BIGN website:
"Sparked by the Company’s recent strategic milestones with Tyche Energy and its Charing Cross gas reserves with Hydro Slotter Corp. and its enhanced oil recovery techniques, along with a number of other opportunities that possess the potential to generate immediate revenue in this arena, our goal is to maximize investment value in the short term and enhance shareholders’ equity in the long-term." It has been long enough...let's see some enhancement!
Go BIGN
Most assuredly in addition to the East Texas deal. PR from Jan states that. I look for great things here soon.
Go BIGN
Thanks Peak for...the history lesson(story). I enjoyed it very much. Not much longer ladies and gentlemen. Go BIGN.
Purely my conjecture but....
What if we merge with RYLP.PK? @30 to 1 would give us a nice premium. After the announcement by RYLP that "Jean Claude Bonhomme has agreed to join the company as a special consultant to its Oil and Gas Technical Advisory Department" I have felt that merger was more a possiblity than stand alone company. Royal's focus is on the acquisition of existing oil and gas wells and bringing them back into production for re-sale by using the latest technologies available. The relationship of Hydroslotter with BIGN would bring that proven technology into their fold. I also think the announcement is very near, which is why all the volume and shakes by MM's. Again this is just something to chew on while we wait. I do believe we will be rewarded for our patience.
Go BIGN
Eatme....it would be nice to get any news right now. I hope it comes soon about the completion of the deal. Held this for a long time. GO BIGN
Which basket if I may ask? Also, I have appreciated your posts and story of the picture. Good luck.
Why do we continue to fall on this low volume? People waiting for the meat of the official "here we are now release"?
I am glad Steve got off his a$$ and released something. Now keep them coming.
That is the problem. Too many people listened to Nick and other posters rather than doing their own DD.
Well "Serge" is talking differently with new developments from SLJB since the "buyout". Wonder what changed his mind that this might not be a good deal?
Selling more than twice the float the last couple of days confirms it for me.
Until 1pm EST.
Janniebgood
Thanks for the PM about Khan. In light of recent events I wondered his motivations for not staying with SLJB. I also tried to call but must have wrong phone number.
So Janniebgood do you know what happened with this person and why he did not take the job?
anyone?
What ever happened to this person? Why did he not take the job?
Sulja Bros. Announces Prominent Canadian Attorney as New CEO
Wednesday September 6, 2:41 pm ET
WINDSOR, ON--(MARKET WIRE)--Sep 6, 2006 -- Sulja Bros. Building Supplies, Ltd. (Other OTC:SLJB.PK - News) announced today that a new CEO has been hired.
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A company spokesperson stated: "We have offered the CEO position to Mr. Shahid Khan, a prominent attorney in Ontario, Canada. With the new CEO on board, the contracts he was involved with will be announced. Mr. Shahid Khan has been functioning as a bridge between our North American suppliers and Middle Eastern Contractors. Mr. Shahid Khan has been the facilitator of many contracts in the Middle East."
What ever happened to this person? Why did he not take the job?
Sulja Bros. Announces Prominent Canadian Attorney as New CEO
Wednesday September 6, 2:41 pm ET
WINDSOR, ON--(MARKET WIRE)--Sep 6, 2006 -- Sulja Bros. Building Supplies, Ltd. (Other OTC:SLJB.PK - News) announced today that a new CEO has been hired.
ADVERTISEMENT
A company spokesperson stated: "We have offered the CEO position to Mr. Shahid Khan, a prominent attorney in Ontario, Canada. With the new CEO on board, the contracts he was involved with will be announced. Mr. Shahid Khan has been functioning as a bridge between our North American suppliers and Middle Eastern Contractors. Mr. Shahid Khan has been the facilitator of many contracts in the Middle East."
Have you sold your one million shares yet?
Yes they are real businesses. We just don't have anything to do with them. The shell is collapsing and nothing is inside. No caramel or chocholate or coconut to satisfy our hunger for profits and the truth.
Has it ever dawned on you that most companies don't talk to the RCMP ever? Has it dawned on you most companies would have been out front of this debacle and been talking, not keeping silent? Still no AF's or someone to say they are on there way for public inspection. And your comments about the people that lost money on this board is pathetic.
volume has almost dried up...what gives?
I think the debacle of SLJB may have spurred the BOD to release this PR in addition to the constant inquiries from current investors and dare I say the musings from this board.
Go NewBIGN
Agreed. Sounds plausible and I also feel better about my investment.
Go NewBIGN
Read below...why SLJB incorporated in Nevada.
Why Incorporate in Nevada State?
Why were nearly 60,000 entities formed last year?
Unfortunately, most for the wrong reasons;
attempting to save state income tax and privacy.
The right reason; Piercing the Entity Veil
Nevada state is the most difficult state in the country in which to pierce the corporate veil. This means it is the most difficult state to break through the corporation and go after its officers or shareholders personally. To pierce the veil of a Nevada state corporation requires proving each part of a three-prong test in order to win your case. Unless outright fraud is involved, it is almost impossible to pierce the corporate veil in Nevada.
No wonder why so many attorneys have you incorporate in Nevada first, even if the corporation has to register as a foreign corporation in your state. You will not find better protection anywhere!Thin Capital Rules (Both Corporations and LLCs)You can capitalize a Nevada entity with $100 or less. In many states it is a good idea to have at least $1,000 or more to capitalize an entity. Nevada also allows you to issue stock or certificates for services.
Also in many states, corporate veils are being pierced because of too little capitalization. This is not true in Nevada !Low Profile (Both Corporations and LLCs)The owners are not listed in any state or public records! Whether you are an attorney or the IRS, you cannot determine who the owner is of a Nevada state corporation or LLC by calling the Secretary of State. If you want to safeguard against lawsuits, privacy is important!
If you want to keep your profile low and your name off the state records, just ask one of our consultants about our Corporate Officer Service! No Reciprocity with the IRS
(Both Corporations and LLCs)Nevada is the only state in the country that does not exchange information with the IRS! No financial or ownership information is shared. Nevada has become the domestic haven of choice, offering an unmatched and powerful pro-business environment.No State Corporate Taxes (Corporate Benefit)*Nevada has NO state corporate taxes.
It also has no franchise tax, estate tax, stock transfer tax, capital gains tax, personal income tax, inventory tax, tax on corporate shares, inheritance tax, estate tax, gift tax or minimum tax! Corporations and LLCs require only an annual fee of $125. A federal tax return must be filed annually, even if there is no activity. Most Nevada companies have to register in the state(s) that they do business; therefore, this benefit will not exist for such companies. This is a great motivator for companies to relocate their operations in Nevada!
This advantage is not available to 95% of companies looking to incorporate in Nevada because they will have to register in their home state of operations.* LLCs in Nevada are not taxed at the entity level (the state where the entity registers may be different).
They are like S corporations and Limited Partnerships (having two members and being taxed as a partnership is usually ideal).Only One Person Required
(Corporate Benefit, LLCs Require Two)*One person can hold the offices of President, Secretary, and Treasurer and be the sole Director. Many states require at least three officers and/or directors.
Thus, there is no need to involve other parties in a Nevada state corporation, unless the owner desires. Keep in mind that officers of a corporation are not necessarily the owners, nor do they have to be Nevada residents. *An LLC is best structured with at least two people or entities to form it. Nevada does allow single member LLCs, but that is not recommended.50 Years of Case Law (Corporate Benefit)Nevada has over 50 years of case law backing up its corporations.
The court system in Nevada is very pro-business oriented. The landmark case (Roland vs. Lepire) in 1983 showcased how difficult it is to pierce the corporate veil in Nevada.I Don’t Live in Nevada. Can I Still Form a Corporation or LLC There?Yes, and the key question will be, "Do you have to register as a foreign entity doing business in your home state?" Most of the time the answer will be yes. Don’t be misled by what other companies may tell you. In Indiana, a foreign corporation doing business in Indiana without authority, is subject to a penalty of $10,000.
Setting up a sham operation will only cause legal and tax challenges for you. Now, keep in mind a Nevada Corporation or LLC is an entity of Nevada. As a corporate officer or member of an LLC you can live anywhere in the world. The key is can you establish your company operations in Nevada which means having your employees located in Nevada.
For most who do not want to relocate their operations here, Nevada still offers a powerful shield as you will read about soon. As you read on, you will learn specifically what these terms mean and if your new entity has to register in your home state.
Even if that is the case, there are many advantages to forming an entity in Nevada first then registering as a foreign corporation in your home state. This will also be covered in a later section. Now let’s see how these powerful entities apply to your specific situation!When Can You Benefit From What Nevada Has to Offer?It is very simple.
When you run your company through Nevada, with employees from Nevada doing the work in Nevada you are assured that you can take advantage of everything Nevada has to offer. What does that mean?Now you have an overview of what is considered doing business in other states and how that process is handled. If you are going to have to register to do business in your state or register as a foreign corporation, what are your options? If you are in a position where you know for sure you have to pay state taxes in your home state, then you have two options:
Incorporate or form an LLC in your home state, or
Incorporate or form an LLC in Nevada, then register to do business in your home state.
Are there advantages to forming a Nevada entity first then registering to do business in your home state? Absolutely! Would that be more expensive then forming an entity in your home state? Yes, and usually it is a fee that is under $200.
Not if they spend more than they make.
Naked short selling is selling stock you don’t own, but not borrowing it and making no attempt to do so.
"SEC Chairman Christopher Cox reffered to "the serious problem of abusive naked short sales, which can be used as a tool to drive down a company's stock price to the detriment of all of its investors. The Commission is particularly concerned about persistent failures to deliver in the market."
Furthermore:
In a legitimate short sale, the seller first borrows a share of stock, and THEN sells it, hoping to buy it at a lower price before he returns it to the lender, his profit being the difference between the sale price, and his later buy price. It is a bet on a price decline, and legal as described. Sell high, buy low.
A naked short sale is a manipulative trading technique. It takes advantage of a structural deficiency in the system that allows a transaction to occur, and all moneys to be paid, before delivery occurs.
So a transaction goes by on the tape - a sale - and it is processed, and has an effect on the price of the stock, but the delivery portion of the transaction is left for days later. Meanwhile, the depressive effect of thousands of these sales extracts it toll on the price - the naked sales are still sales, and are treated as legitimate by the system.
At some point after the checks have been cashed and the commissions distributed and the fees paid, the share never shows up.
My issues are with the company's FALSE statements. I can do nothing more about naked short selling than I already have.
OMG! A stock broker thinks naked shorts have to cover? They make them up out of thin air. What is to cover? I do agree they got to PV. And there will be no AF's.
The same person I trusted to post them....by his lack of action and integrity. When more that the float sold Thursday I knew this was not for real.
Exactly right powerpole...that is why I think the whole AF thing is a scam.
I don't....
Okay smartie pants who did?
Santa claus, easter bunny, tooth fairy, unicorns, and Petar releasing AF's.
They don't exist....or they would have been posted.
abbam ...
I think you assume too much. Squeeze hydroslotter? They are partners with mutual interests. Both companies will benefit by the "new relationship" in my opinion.
just my two cents worth.
Go NewBIGN!
You are correct sir. Sorry, I could not resist.
Go New BIGN!
Well, its not important, but shouldn't "companies" be either "companies'" or "company's" depending on whetehr they meant plural or singular?
Well, maybe they don't teach "riddin & ritin" in East Texas.
Imperial Whazoo
Is "whetehr" pronounced "wet hair"
THSeeker ... I don't think they will qualify for that level. I just hope an attorney will sign for the third level initially. Audited financials won't be forthcoming for a while in my estimation. Too many hurdles for NewBign right now to be compliant at the highest level.
Go NewBIGN
Billiam_2
I appreciate your posts. I am thankful for their sound reasoning and insights. I have my own theory about Grimes. I think the land owner(O&G rights owner) found out how much money could be involved and wanted a lot more. BIGN could not afford what he/she wanted nor the clout to renegotiate. The deal Lancaster has nearly accomplished will give them more "clout" to deal with Grimes land owner. To have the NewBIGN do the wells on Grimes will benefit both parties immensely. To have Hydroslotter in the family so to speak helps this negotiation as well. Just my two cents worth.
Go NewBIGN
ricuban
I think you are correct. I also love the fact that there is no debt added. We could have a cash machine if everything lines up.
Wow. The more I look at the PR the more I realize how if completed, Mr. Lancaster did one heck of a job.
I think the debacle of SLJB may have spurred the BOD to release this PR in addition to the constant inquiries from current investors and dare I say the musings from this board.
Go NewBIGN