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lol, look at the suite #'s: RB inc=132 Church=514
lol, look at the suite #'s: RB inc=132 Church=514
According to the 10k they were given shares, but no where does it say they were allowed to sell the shares
lol, all ST did was quote sentences from GBOE's filings. Dont you know that filings are public record. This is a pinksheet company, so everyone is aware that GBOE is not a model company.
So is the buy-in going to happen or did ST work out a back door deal that wont require a buy-in?
ST would be going after individual investors and not mm's if investors sold more than they owned. Since they arent going after individual investors it makes me believe that ST sold more than they had on top of customers orders.
What is your guess on what the terms of the back door deal are?
So when is the next court date for the amended lawsuit?
When I google the case I get this:
4:10-cv-02380-HEA Scottrade, Inc. v. Knight Equity Markets, L.P. Docket Text Order Document: 21
Docket Text: Docket Text ORDER: ; ORDERED : Notice of Dismissal, doc. [20] SO ORDERED, Case Terminated. Signed by Honorable Henry E. Autrey on 1/19/11. (CEL)
Mine is dated 1/19/11, yours is dated 1/14/11
http://webcache.googleusercontent.com/search?q=cache:75fKi0yKIWMJ:https://ecf.moed.uscourts.gov/documents/PressBox01192011.html+4:10-cv-02380-HEA+Scottrade,+Inc.+v.&cd=2&hl=en&ct=clnk&gl=us
It was my understanding that ST sold those shares not individual investors. I haven't read any where that people sold more shares than they were supposed to have.
Where do you see news?
it went in as a sell because the ask moved up to .0014
hmm, PENA off the ask for now. Lets see what happens
looking forward to the next filing or pr
As soon as mm PENA is done selling we will go up
The pr will be released on or before Feb 4th according to the 8k:
The Company and Tejones provide for closing on this transaction on or before February 4th, 2011
http://ih.advfn.com/p.php?pid=nmona&article=46120545
Im still on the bid because I only got a partial fill
Thanks for the cheapies fellas and ladies
You won't see anything filed with the Nevada SOS anymore because of this:
8k filed yesterday:
On January 19, 2011, the Company filed Articles of Conversion with the State of Nevada, reporting its conversion from Nevada and continuation to the British Virgin Islands (“BVI”), effective as of January 19, 2011 (the “Redomestication”). A copy of each of the Certificate of Continuation, the Memorandum and Articles of Association and the Articles of Conversion, is filed as Exhibits 3.1, 3.2 and 3.3 to this current report, and is incorporated by reference herein.
http://www.sec.gov/Archives/edgar/data/830664/000126493111000024/form8-k.htm
For some reason exhibit 3.3 was not attached, but 3.1 and 3.2 were:
http://www.sec.gov/Archives/edgar/data/830664/000126493111000024/ex31_1.htm
http://www.sec.gov/Archives/edgar/data/830664/000126493111000024/ex3_2.htm
Exhibit 3.2 states:
x The complete executed plan of conversion is on file at the registered office or principal place of business of the resulting entity.
Have you ever been involved in a stock with a due date? IMO this will continue to slowly rise through Feb 2. Feb 3 will be a down day due to everyone selling the shares they don’t want hold through the due date. If it gaps up tomorrow then yes people will sell into that gap, but they will sit on the bid once the gap closes. I don’t believe it will close at the LOD and if it does close in the red it will be red by a small percentage. Without a due date, then yes your statements will hold true most of the time. All of this is my opinion based on previous experiences with stocks that have due date.
This is the confusing part:
From the 14F-1:
to the holders of record at the close of business on January 19, 2011 (the “Record Date”)
On the Record Date, 32,950 Preferred Shares and 547,868 Common Shares were issued and outstanding. Each share of Preferred Stock is convertible into 25 shares of Common Stock, and each share of which votes together with the Common Stock on all matters presented to a vote on an as converted basis.
http://www.sec.gov/Archives/edgar/data/830664/000126493111000026/form14f1.htm
So their saying that as of 1/19/11 their are 547,868 common shares which is not correct because the 10Q from Nov. 2010:
Number of shares of common stock outstanding as of
November 15, 2010: 54,786,726
Number of shares of preferred stock outstanding as of
November 15, 2010: 3,295,000
http://www.sec.gov/Archives/edgar/data/830664/000126493110000450/form10-q.htm
According the last 10k the coversion rate was already 25 to 1:
(2) Based on 3,295,000 shares of Preferred Stock outstanding with a conversion ratio of 1 for 25 and based on 137,162,026 shares of common stock issued and outstanding after the preferred stock is converted.
http://www.sec.gov/Archives/edgar/data/830664/000126493110000143/0001264931-10-000143-index.htm
Prefered shares can't be reverse split, only their conversion factor can be reverse split. It doesn't make sense that it says 32,950 prefered shares.
Also in the 14F-1 filed yesterday it includes this statement:
On February 17, 2009, the Company entered into a transfer & change of control agreement with Ms. Wanwen Su and Mr. Ming Lei. Pursuant to the terms and conditions of the Agreement, Ms. Su acquired from Mr. Ming Lei 26,360 shares of preferred stock of the Company.
http://www.sec.gov/Archives/edgar/data/830664/000126493111000026/form14f1.htm
The 8k from Feb 17th 2009 states:
Pursuant to the terms and conditions of the Agreement, the Buyer acquired from the Seller 2,636,000 shares of preferred stock of the Registrant (the “Transaction”). A copy of the Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K.
http://www.sec.gov/Archives/edgar/data/830664/000126493109000041/form8-k.htm
All of this needs to be clarified so I hoping the next filing will clear everything up.
Wanwen Su still owns 33 million shares, i'm curious as to why those arnt included in the deal.
impatience
What does this mean for the commons?
A pr would be nice
Sweet I love stocks with a deadline date!
less than a week for what?
For the latest CSCE court case updates and schedules
Click here:
https://www.clarkcountycourts.us/Anonymous/default.aspx
then click on
District Civil/Criminal Records
Then type in the case number:
A-10-628558-P
nice find
There is 0 interest in CLGZ right now, o well. Maybe in a couple of months it will be different.
CLGZ: .04x.05 3x1 +21%
looking forward to a great week
Market cap is only $2,032,588
http://www.otcmarkets.com/stock/CLGZ/company-info
Interesting info from Apr. 2010 10-K:
Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities
On July 13, 2009, the Company issued 3,800,000 shares of common stock to its consultant for business advisory services rendered in fiscal years 2008 and 2009. The fair value of this stock issuance was determined using the fair value of the Company’s common stock on the grant date, at a market quoted price of $.27.
On July 13, 2009, the Company issued 742,000 shares of its common stock to settle the loan from shareholder of $58,120 and the loan from a third party of $16,000, which were accrued expenses in connection with the Company’s overseas consulting and advising fees, lawyer fees, and accounting fees from period to period, paid by the shareholder or the third party out of the bank accounts in the United States due to the strict laws and regulations imposed by the Chinese government on out-going foreign currency wire transfers.
The loans from the shareholder or from the third party have the option to convert within two years into common stock of the Company at the price of $.10 per share.
The fair value of this stock issuance was determined using the fair value of the Company’s common stock on the grant date, at a market quoted price of $.27. The difference between the fair market value and the conversion price of $.10 per share was recognized as loss on extinguishment of convertible debt.
http://www.sec.gov/Archives/edgar/data/830664/000126493110000143/form10-k.htm