You. Me. Whipped cream. Handcuffs. Any questions?
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from yahoo board..
TTDZ - Something Stinks
26-Oct-10 08:17 pm How Does A Stock Trade 1 billion Shares When The Float Is Only 90 Million and Go Down In Price?
I was very curious about TTDZ yesterday and today as the company seems to stick behind its 90 million share float story. Essentially the company states that there are only 90 million shares in circulation. The question I ask, with this supposed 90 million share float, is with over 1 billion shares traded today how does this stock have no bid (or teetering on no bid, as a few market makers have come back as I type this post)
A 1 billion share day on a 90 million float stock should send it 500-1,000% higher, not send it down. While shorting may have something to do with some of the volume, as well as people flipping the stock, there is no doubt the trading the last few days just plain stinks.
Obviously someone is making money on this stock. Almost $200k have traded hands today, yet it sits at no bid. Who could be selling? I doubt its the retail trader who bought in on the recent string of press releases.
The last news from the company stated that they were not going to extend the October 30th deadline on turning in your shares.
I deal with a major brokerage company, and could see that my shares had not been turned in to Tritons transfer agent. I called my brokerage company and asked when my shares were going to be transferred to Tritons transfer agent. They said that they did not have instructions for transfer and could not transfer until they had the instructions.
My questions to all of you that read this are -
Who has contacted thier broker about this transfer and have been told that their broker has no instructions to do so? Who of you have been able to have your broker electronically transfer your shares?
I want to see how wide spread this is, because if we don't meet the deadline of the 30th we could be in big trouble if the company does not extend this deadline or get the instructins to the brokerage firms to allow the transfers to happen in a timely manner.
I also personally spoke with Tritons transfer agent and found that my brokerage had already called them and that there is a problem with notifications and similarly others have called them as well.
Let's hear from you - let's hear from you
Thanks to one and all for your response
Because he knows this will be back to 0001 shortly after the split hes a experienced trader not like some...
How do you go about getting it ?
Point is it says they are upgraded to current can you read...It is very possible you don,t know what is going on behind the scenes. I see current its posted as upgraded as of today..I suppose you are going to say pink sheets made a mistake..They sent all the required stuff in other wise it would not be upgraded..Your not to intelligent !!!
Oct 26, 2010 UVSE Universal Energy Corp. Pink Sheets Limited Pink Sheets Current Common Stock
OK Biff pinksheets must be wrong is this our ticker symbol UVSE ?
http://www.otcmarkets.com/stock/UVSE/quote
Getting ready to explode !!! Losers flipping !!
Dont even know if they started yet !!
nICE BIG BUY JUST WENT THROUGH !!
This thing is a time bomb waiting to explode !!
uplisted from the pennies ?
Here's your proof..
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
http://ih.advfn.com/p.php?pid=nmona&article=44858338
This Information Statement is being furnished by the Board of Directors of GeoBio Energy, Inc., to the holders of record at the close of business on September 30, 2010 of the outstanding shares of our common and preferred stock, par value $0.001 per share, in order to provide information with respect to the proposed decrease in the authorized shares of common stock of GeoBio Energy, Inc., and proposed reverse stock split of the issued and outstanding shares of common stock of the corporation (as further described below, the “Corporate Actions”). The Corporate Actions have been conditionally approved by our Board of Directors and the current holders of a majority of our issued and outstanding voting capital stock. The effectiveness of such approvals is conditioned upon our compliance with Section 14(c) of the Securities Exchange Act of 1934 (“Exchange Act”), which requires the filing of this Information Statement with the Securities and Exchange Commission (“SEC”) and the distribution of this Information Statement to stockholders. The foregoing actions and agreements are sufficient to authorize the Corporate Actions without the vote of any other stockholders. Accordingly, your approval is not required and is not being sought. (References in this Information Statement to the “Company,” “GeoBio Energy,” “we,” “our,” and “us” refer to GeoBio Energy, Inc., a Colorado corporation.)
The Company has determined to effect:
• the decrease of the authorized common stock of the Company from 25,000,000,000 to 1,000,000,000 shares (as further described below, the “Amendment to the Articles of Incorporation”); and
• the reverse stock split of the issued and outstanding shares of common stock of the corporation on a one-for-five thousand, five hundred (1:5,500) basis (as further described below, the “Reverse Stock Split”).
GeoBio Energy’s Board of Directors has approved, and a total of three (3) stockholders owning 25,000,000 shares of Series A Convertible Preferred Stock (“Series A Preferred”), representing a total of 25,000,000,000 votes, have consented in writing to the action described below; which action, if taken, will not, pursuant to Federal securities laws, rules and regulations, be effective until at least twenty (20) days after the filing of this Definitive Information Statement, and which action the Company expects to undertake within twenty to twenty-five days from the date of this filing, but in no event more than sixty days from the date of the filing of this Definitive Information Statement. The Board of Directors approval and stockholder consent constitute the unanimous approval of the Board of Directors of the Company and the consent of a majority of the total number of outstanding NS available votes for the shares of issued and outstanding voting capital stock of the Company, and are sufficient under the Colorado Revised Statutes and under GeoBio Energy’s Bylaws to approve the corporate action. Accordingly, the authorized corporate action will not be submitted to the other stockholders of GeoBio Energy for a vote; this Information Statement is being furnished to stockholders to provide them with certain information concerning the corporate action in accordance with the requirements of the Exchange Act, and the regulations promulgated thereunder, including Regulation 14C
HUGE R/S 1-5500 YES SHAREHOLDER WIPEOUT !!!
November early Dec trying to find the article I read it on. will post when I get it..
Lots more Financials out soon ! Big deal closing anytime !!!
LOOKS LIKE THEY ARE PLANNING ON DILUTING AFTER THE SPLIT !!!
the proposed Reverse Stock Split creates a risk that current shareholders of the common stock will see the value of those shares diluted through the issuance of the additional authorized shares. The current net tangible book value per share will be diluted if additional shares are issued without a concurrent increase in the net book value of the assets of the Company. The current book value of shares held by existing shareholders, in the event that net book value is not increased, would not be maintained in the event additional shares are issued.
You have no choice no bid !!!
Good luck bet it loses 50 % the first 5 min of trading after the split we all lose .....
I cant do private I am a freebie cant reply Dont worry about it my posts get deleted all the time I know that was a compliment and I thank you for it I posted something about short trading the new laws it was swiftly deleted by ihub why got me it was good info for all investors.. Its a control thing makes them feel important that they can delete your posts !! It's in a way funny !! ;)
In a way you are right they don't.. Even with what they are doing this could turn out as a good play. If it went to .50 and higher could make some great money.. I am assuming you can still sell. But if you do you wont get the convertible debenture. The 5 yrs is only for that. If I am correct? It can be a little confusing !!!