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Some confusion from the broker who spoke with Mainuh. The 15c-211 is not submitted to the SEC. It is submitted from the Market Maker directly to the NASDAQ. It does not involve the SEC. NASDAQ gives the approval to trade.
molson
Lean back in that comfortable lazy boy, prop up your feet, read the lastest sports page, pet the irish setter next to you, fall asleep and let the Brit explain to you. You won't need anyone else. The filings are over. All of them. Thats what I said I would keep up with and its finished. Now lets see together what materializes. There has been a lot of doubters and those that said nothing would be audited or be filed. It seems to me there is a pretty good stallion that knows in what direction he is going and doesn't get side tracked or concerned with obstacles put in his way.
Playtex
Nope and don't know anything about this ESC whatever it is.
hurley crupper
No. and also I hear Weller settled back on June 16th.
Playtex
No it was no fluke. It must have been a better bat the "Wonder Boy" since it seemed to explode off the bat better and do more damage.
molson
The only "Savoy" I have ever heard of is the bat that Hobbs made for little Timmy(the bat boy) cut from hard persimmon wood that old man Hobbs used when his "Wonder Bat" broke at the end of the movie,(The Natural), and he used the "Savoy" he had little Timmy go pick out for him to hit the home run that broke out all the lights in the score board and the centerfield lighting system like star wars was going on.
Now to an important issue. Rumor has it the "Q" was sent for filing on WED. It should show on good on Edgar tomorrow.
Art2Gecko
I have had not a single discussion with anyone that would know what the company is going to do in regards to the shares or how to get them down. I am not the one that has been talking about a reverse or reverse split on the boards. It has been bantered around back and forth by many. I only picked up on it as an example mainly because Woogie was beating the drums so loud. I did mention in one of my very first posts that I thought the company should try and get the shares back down to the point it was when the counterfeits came into the market to be fair to the real shareholders. I also think it is unfair to any of those that they should lose shares since there were not many out. I would hope if this happens that management with the preferred shares would look into issuing to the shareholders of record enought to make them whole.
serfdom
reverse split. For example. If they think they have a share for each share they issued that were counterfeit but come up in the end with only 1 share/100 and 99 of their shares for each 100 disappeared.
Its useless to even answer Woogie. Its a shame you cannot change that empty area between his ears.
Art2Gecko
I agree with you totally. The OKC court cases mean zilch. There is not even a issue or line in the 15c211 that would bring it up. Playtex is right and I'm most likely wrong about the following. I said Thompson would never be settled with by Megas imo. The company has now lost its leverage imo. Thompson has settled rumor has it with the SEC, so no reason for the company to hold out any longer. Take what they can and go on down the road.
Let me ask you this question in regards to Darbie and Capital. Say that a reversal takes place and they don't have the shares to issue to those that bought counterfeit shares through their firms. Don't you think they have to know they either have to give those shares back with tradeable shares or cover the dollars spent on the counterfeit shares that went out under their authority as good shares? Does this not look like a little scrambling going on to cover the back side?
Art2Gecko
I understand it was part of the settlement gaveled by the judge. Maybe it was the shares for Darbie and Capital that has not been issued. I probably used bad language by saying Megas. It was the Judge that made the shares legal during the course of the settlement. My bad if I didn't explain it better.
H2NRG
I honestly do not know. I hear from everyone that knows the man or hears from him that he is going by what the attorneys tell him and he follows their direction. I hear also that he has a very strong distain for the brokers that sold the counterfeit shares. I said in a very early post of mine that I think he will want to bring the shares back at least close to the original amount that was out before the counterfeits showed up. Thats why I asked on more than one occassion if individually or collectivly those of the boards had discussed the legal ramifications of this and felt good about your position. In either case from what an attorney said about this is that anyone that bought shares should be legally protected. Whoever sold the shares has liability to pay back the money and possible damages.
Kramer
Listen very carefully to my answer. I have never been a director or officer of any publicly trading company. I have never made a post on any Board of a company that I own stock in. I have never been asked to say anything on any Board from any officer or Director of a public company, certainly not this one. I have only spoken about the filings and when to expect them. What the heck is there to pump? You would think this is a trading company.
legalegaltz
Megas himself in e-mails I have seen on the boards has stated he wants to get a PR out upon completion of the filings. Once the 15c211 is submitted then in ten days a reply should come back to the broker who made the filing either giving the go ahead to trade or "comments", which means they have questions they want answered and given back to them. Its very rarely that "comments" are not asked for on the initial filing. So, no, I don't have an intelligent time frame to give as to trading since it is strickly up to the review and how satisfied they are. Earliest, a couple weeks. Most likely, a month or two. Heck, maybe the examiner has a good week and shoots it across his desk. It should be made easier with the court approved documents and the SEC having made settlements with some of the participants and putting the company in the hands of Megas to get straigtened up.
Art2Gecko
From reading the PNG oil and gas newsletter everyday, it would seem the figures used in the post are low. You should subscribe to the publication. You can get it free for thirty days.
Rainman
Yes, it is a compliment. A great movie it was indeed. It was just simplier to do Rainman than the letters and numbers. If it bothers you I will do the normal procedure. Like you, I've been called worse it seems.
Rainman
Who needs a PR firm when you got dumb and dumber to fill in parts of the puzzle. I will only speak to the filings as I have stated before. I hear, the "Q" was sent to the attorney today for proofing and filing, the last part to be submitted in the 15c211.
Pennimon
It will be very surprising if you don't see a PR this week. Megas seems to be saying that to those that show e-mails on the Board coming from him that alludes to the fact he wants one out with the completion of the filings.
"Q"
I hear the attorney wanted more information than was included within the "Q" he received a couple days ago from the accountant, and the auditor who is on vacation until Monday won't finish the changes until most likely next Tuesday. (Everyone needs a vacation, right?)
playstk
I don't understand the langauge your speaking but I do hope you can find your shoes since your the one saying on and on that the company had no attorneys,accountants and would never get anyone to sign off on audited statements. I bet your cocker spaniel ran off with your shoes.
Kramer
This is what I heard.
The only thing holding up the 211 is the 3/31/06 "Q", which should be filed today or tomorrow. All other information is ready for the binder.
I also found out that Megas through the court had the illegal shares made legal which made authenic an additional 244 million shares. So all shares that were known to have been issued at the time of the hearing(compliments of Thompson) he made legal. BUT, that's it. Any other shares that were acquired, the buyer will have to go to the seller of those shares to get made whole or have shares that can be accepted by the DTC for trading.
Ameritrade and a couple others had better grab their shorts, because of their "shorts", to the tune of app. 100+ M. Whomever represents them on this board is going to be the bearer of bad news up the line to management.
serfdom
If you and "Fan"'s britches get like wood and stiff with the little old "8" filing today, it will break off in several places and you will need a implant come tomorrow. You might should run down to the drugstore and buy some superglue so that you don't lose any of those centimeters.
serfdom
Close, but not next week, this week, all of them.
molson-bobrainey
The lastest rumor,gossip,or (lie and BS if your playtex.)
The boot the Brit used worked wonders in accomplishments this week even though nothing has been filed up to today. The 8-K was written Monday along with the first two 10-K's being finished.( The 8-K will be filed just prior to the 10-K's. All K's are finished as of today and are all being reviewed by attorney for edgarizing. The final Q will be finished this coming Monday for filing and everything is up to date.
How about them boo-birds. Let's hear it now from the cheap bleacher seats and those that enhale the fumes from their Harley and kick the cocker spaniel when they get up each morning to show how macho he his.
Art2Gecko
Yes, I didn't read any posts after "Crunchy" until I had made my post to him.
stocktoastcrunch
Amen. I enjoy your topics on the bottom. It speaks well of you. Here is what I hear.
The court cases a couple days ago went the companies way. The two parties being sued were wanting the court to drop the cases. The Judge denied both motions so the two lawsuits can go ahead.(e-mail Cunningham) The company will not settle with Thompson no matter what she offers. Weller does not want to settle because Capital Growth will not release him even if the company does. Don't get bogged down with the OKC court cases. They mean nothing to the success or failure of the company and what gets done.
Megas came stateside and was not happy. He brought that Europissingonyou attitude for those he thought were not honoring the commitments within the timetable they had made. By the time he finished with his bowie knife and boots with razors in the toe, he replaced the accountants and auditors and those replacements are spending full time getting the K's and Q's finished. I posted previously that it should happen within the month of June. Nothing has changed except you should start seeing the filings and announcements of the changes before the middle of next week. The Marketmaker who is going to file the 15c211 could have done it with what has been submitted but Megas was told it could be more highly scrutinized since all the filings were not finished. Megas wanted to take the safe and more assured avenue and get them all filed before the 15c211 is filed. The next few days will show if what I have learned is accurate. This should be enough for a few rah rahs and nay nays for the two factions that are always at war on here.
threebabiesbusy/Art2Gecko
I have been gone since Tuesday morning and got back this evening. I don't know a single thing about the "so called" short sqeeze forced buy-in. Most every post I have made I state that imo the shareholders have money coming from whatever accounts sold fraudelent shares to innocent shareholders. What posts I read on here it looks like several understand the legal position and what needs to happen. Unless Megas is a crook and nothing I have found out leads me to believe that, his goal has to be getting the company trading.
Art. A week ago Thursday I received information that the auditor and CPA were meeting that day and should have the first 10-K filed by this past Tuesday which would have been the three days from when I referenced it. This Monday I heard that they were saying that they were too busy with their normal customers and would get to BCIT by this week-end and have it finished by Monday or Tuesday of this coming week. At this stage they cannot pull the plug and start over. I understand that both firms are in NYC and that company officials have been told that two auditors review the audit from the preparer before it gets edgarized. If Megas would comment or the attorneys they would even be more optimistic than what I have portrayed in what the prepares have said to them imo. For at least three weeks now they have been told each week the filings would take place.
This has been a interesting week for me as I have traveled and accomplished my own DD instead of reviewing what is said on this board and often receiving wrong information. Such as. Darby and Capital Growth did get settled and they received their shares. Only the DTC has not been authorized to make them good. Thompson will not be settled with no matter what she offers. No Wells notice was served, only a warning.
stocktoastcrunch
Any thoughts I would give would be nothing but speculating and would most likely cause more harm than good. It would seem that some that have communicated by e-mail with Megas would have a better "reading" on what his upcoming actions might be.
Art2Gecko
And the fool goes off and says again that no filings will be audited. Only 8's and Q's.
Well, anyway, its on the line. I say they will be audited, he says not.
playstk
You must get up in the morning and kick your cocker spaniel in the nuts just to show him your macho side and your a bully. Are you capable of acting normal? I admit that you might be right in your dooms day approach to Megas and all that encompasses this company. Just because myself and others differ with your opinion doesn't have to make all communications with you hostile.
Art2Gecko
Thanks, I will do that.
Art2Gecko
I kinda go with something else I have read that Megas could have done the reverse with his real estate and didn't. I tend more to think an acquisition. A name change would be good I think. Regardless of what we think it looks to be happening based on Kotex talking with the TA and what she said today.
Art2Gecko
No sir I haven't.
H2NRG
Yes it was interesting and dillusional. I could say that he suffers from two very extreme paranoid personalities. One, a Napoleon. The other, a foreigner complex from a minority group that thinks the world's against them. Also someone who makes money from scamming others and shorting stocks and is critical of all he encounters and rants at others to reduce his own ignorance and deficiencies. But heck, I could be wrong.
Here's what I say. I've told you about the filings that did occur and that more are coming within days. I also don't think there will be a reverse merger. I also say that ETNI will not be a particpant in either case.
Dimension and Kotex, er, I mean Playtex say that filing won't get done that the companies a scam and that ETNI will be the partner.
Let's see who is right and then others can see who hears voices or has rocks in their head and make their own determination on who speaks with the element of honesty in their posts.
goodkarma37
I really enjoy reading your posts as they seem well thought out. Honestly, I haven't gone over hardly any of the previous information on the company as to filings and such. I was concerned with the direction the management was taking toward shareholders who didn't know if they had good certs or frauds, and if they were wanting to conduct business or take the money and run.. I have paid astute attention to e-mails shown on the boards that have come from Megas and on the explanations given by those that communicate with him on how they understand his position and what suggestions came from those discussions. It seems to me that even several of you still have a different approach to the problem. My sole purpose in posting was to relate to you two things. One. That filings were being done which was being strongly debated if that were going to take place, and Two, I didn't understand how the company would be able to take money that was paid for by shareholders and that money not go to the shareholders.From the work I conducted I found out what I thought to be the correct answers. This is what I was asked to do. Find out if there were any hope for the company and even then, how would my friends investment be handled as to his certs. I answered the filings question and the question of the money spent on shares to the brokerage is this. Whoever received the money from the fake shares that money should go to the investor,IMO. What action is taken by each of you is your decision. I can understand the company saying its not their problem since they didn't issue the shares and others made several million from those actions. But I also don't see how the company is entitled to the money and not the shareholders holding the fake certs. Without knowing the details of how it was presented in the legal case by Cunningham that enabled the company to get damages, I sincerely think this does not keep shareholders from doing the same thing.
I could be wrong but I think I understand that the new shares that were to be issued by the court hearings have been cut but are awaiting delivery by direction of the company. So yes, I believe that management is controlling what happens with those shares till they decide the additional action they want to take. I have heard that some certs were delivered but I have not got confirmation on that.
On your OCT 11 from Megas and your Dec 14. I don't know for certain but I heard of Megas and BCIT for the first time in DEC., and knew he had OKC legal counsel at that time. I doubt he had that legal counsel back in OCT.
playstk
Your accurate on your dates, but wrong on what was followed through on based on what I have found out. "The intends to recommend" was not done. The company filed the 8k's and only the warning was received. Sometimes when we think we know we don't. The reason I haven't posted is because most of what is talked about on this board is speculation and conspiracy theories. You asked me a question of which I had what I consider to be good information. If you want to disregard it, OK, but don't ask then.
playstk
You rang? Since trading is halted and no one can benefit, I will respond with the following. Financials are like I said. They were approved by the lawyers in late Feb, and sent back to the auditors to be filed. They should have been filed nearly two weeks ago and then the excuse came that two other auditors in the firm had to concur with Epstein and it would be done within days. I also hear this is for 2001 and the rest of the K's and Q's are finished and will be filed in a systematic order. The first filing could happen in 1 to 3 days with the others right behind. None of these delays are from management nor SEC lawyers.
"Wells Notice". Big difference with a WARNING and a notice being served. A WARNING is what the company got. Dunn is no slouch and knows what he is doing.
I can understand your many questions of management and don't disagree with your concerns. I really think your concerns should be with your stock and not with Megas. Megas seems to have good counsel and is working his plan and it seems you got verified by the TA with a "pending" name change. There is no doubt in my mind that anyone that bought fraudulent certificates have money coming to them from the accounts within those brokerage firms that each shareholders money went into from the sale of those certs.
I'm not vouching for anything other than the filings mentioned above and the condition of the certificates. My friend and his associate had over 100K invested and they found out what they needed to know and were concerned about.
Also, what Cunningham would say about timing of trading, I would be suspect as to his ability to gage since its my understanding he doesn't work in this field.
I do think your approach is a good one. Don't believe anyone or anything and be suspect of everything. Sit back and see who is right and what's in store.
serfdom
As I mentioned. It makes sense to have the law office serve as the "catch all" of information since Megas is overseas most of the time. It will be more expensive but should be more efficient. I mentioned in an earlier post that I don't think Megas makes a move without approval of the law firm that it Ok to go with whatever it is he is putting out.
How this has anything to do with shares I have no opinion and don't know. I would expect the filings to address the shares.
playstk
I love your persistence even though it seems misguided most often. Last week you mentioned a PM. I didn't know what that was till this evening and going over what is offered on this board. I was gone all last week on spring break. I found out Sunday night that there is a eighth draft of the 10-K. I understand the attorneys were ready to go last Monday or Tuesday but the auditor, some guy named Epstein wanted to prepare them differently so that the filings could be put out in a close order to the first which I understand to be 2001. All will be audited.
Lawyered up. Yes I believe that Megas wants all information to flow through Cunningham and Dunn so that nothing slips and doesn't get done and they see everything especially since Megas seems to move about. I only know that the filings are being finished and great disgust abounds because of the delays by the auditor and CPA.
You asked me in the PM about stock issued in 2001 and about L L. If you really think they have a bearing of importance on the company now, then I will look into it but I need to know the neccessity.
playstk
BS. They never resigned and have been working daily helping get the filings done and have a fat retainer going back before the court hearing that they are still working from. Cunningham and the others just don't want to take calls from shareholders which they shouldn't. The company should have a IR firm or individual to take those questions and reply to your concerns.
stocktoastcrunch
I agree. Lets see him back up his statement. When I say something I can. He spouts off out of anger and needs to keep his cool and think before speaking.