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Where are the financials for those "profits". There were NONE and shareholders only got fooled into the PR's and nothing came about. Nothing but MXXH selling shares to the public that wanted to believe. The company and insiders were the ones who "reaped profits".
There has been nothing in the entire history of this shell or the "management" but lack of any transparency, no capitol, no equity, or "profits" for "investors". Many MXXH shareholders are upside down on this stock, with the stock not having any liquidity or worth. The Clovelly Prospect was a sinful joke and so is this current "well drilling" project now over a year of waiting for those "busy drilling rigs". There's been just no drilling rigs available for Tom Gougers drilling company, right. pps potential is only worth what it's selling for and that's a far cry from anything close to $.36
"Mxxh investors will reap the profits just like Clovelly Prospect"
Catherine has already failed the shareholders.!! There are no funds, no business, no drilling, no drill rig on the site, no income, and no operations. It's been over a year and if it was to be drilled, it should of happened already. That's the slimy business that this "company" does.
Gouger who is part of the management here and is doing the same thing over at BNPDD, BNPD, tomi. Over a year ago he stated in PR's so much oil, and played the SCAM with "oil is x amount", but the wells were nothing and have been nothing and he is in violation of Texas State laws right now with those dead wells. Gouger is the one who got a lot of shares for supposedly drilling this well. Hasn't happened and doing the same "management" MO over here with this stock.
This company is in violation of the state and owes almost a third of million dollars in back taxes and hasn't been a valid entity at the state for some time. Along with having no capitol or real operations for a long time. Just BS PR's.
It's a common MXXH SCAM to use other industry like "oil is x amount" and then try to put some connection to some phony shell like MXXH. That's like saying if I were King Kong, I could climb the Empire State Building, but it's just pretend. There is no oil, no documents, facts, figures, to base anything on to connect it to any industry, including Oil and is just MXXH SCAMMY behavior and very bad business practices to do so. The more it's done, the worse a SCAM it looks like.
Most realize this, which is why the pps and liquidity is where it is at. Direct cause and effect. It's a sad thing for any shareholders now that believed in it, but just the way it is.
But, you might get a PR again fluffing that something is going to happen, and probably continue to hear the company trying to SCAM with trying to connect worth to a real industry, but if anyone just continues to believe in PR after PR that never comes about, it will do nothing for any MXXH portfolio.
That's all part of the slimy plan to hit the scanners, but the numbers are just the RS process taking place and manipulation by insiders and "management". Nothing to write home about, that's for sure.
"scanners went off all over the place with that 2300%"
That's the pps equivalent to the same range before the Reverse Split. It's just going through the process of getting the "D" off. No real trading volume yet and no gain, many can't even sell their shares at the broker yet. Has to finish the RS process.
Sorry, just a bunch of BS from the company and they have no oil wells, no profit, no real operations that produce anything, and nothing but a bunch of muck and only involved with violations at State of Texas with them. The only thing BNPD, BNPDD, MXXH, tomi, has produced is a Pump and Dump and RS and more losses for any "investors".
This thing is in the GREY MARKET. Utter nonsense to try to make anything out of any pps or volume. It's so erratic, lack of structure, and just a bubbling goo of a mess shell that has no business at this point.
All there is is "talk" of getting ANWM shell recovered from the DTC and SEC restrictions put on it and stick some other front name to it so insiders, toxic debt, and other "management" can sell their wares. What, more gold mines? That shell share selling business is getting pretty crowded right now. It's almost time for another flavor for a shell's "management" and insiders to fluff with.
So since there are no financials, no capitol, no income, no nothing, what financing is going to happen? For what? For who? Just a joke of any promotion to try to sell this dirty shell.
All there is is ridiculous ANWM rumors of some GREY SHEET, SEC and DTC hammered shell churning around where no serious trader or smart investor goes.
I guess, what can one expect from a bunch of "management" and insiders that got caught with their pants down. Having no real business, no financials, dubious business practices, and only going on "irrational exuberance" and MOMO can do that to a ticker.
That's why the DTCC and the SEC are coming down on these BS shell "companies" like ANWM and more restrictions and costs are going to increase. Not fast enough for my taste given that tickers like this are still flopping around and looking to pick the pockets of more unsuspecting shareholders.
Well we are really getting down in volume now and not much to speak of (lack of liquidity), but the chart shows that 50 day is heading south faster than a goose who got caught in a early winter that got left behind the rest of the flock. Quite a gap to be changing that thing and a LOT more volume.
The "action" (such as it is) is wallowing around the lows and the pivots are continuously stair stepping down. If it follows what CRWV has always done, will be ready to sink to newer trading lows (that's if any volume can be mustered up to trade the thing). The entire history of the stock has done nothing but that overall, maybe going flat for a week or two but then heading south once again. Also CRWV is continuing to have a lot larger aggregate of red volume to green.
But hey, it's not in trips yet or ZERO volume, so it must be doing good. But the "bounces" aren't doing much of anything after the restriction from the DTC came down (which was the last of any real trading run).
Just a note: the mouse was in a random spot and the text of volume, pps open and close, etc are not for the current day. Looks like it ended up on 10/28/11 when the pps closed at .0082.
Companies put in wash traders all the time. It's just part of the pink sheet market and a given. This stock needs to be in the range of .20-.25 with regular trading volume just to continue on the same level as before the RS. That is where it would be expected as the "D" comes off. Putting these large spreads and these .4x asks are just part of the game.
There is not enough interest in the stock for any real action so it's easy to manipulate a few numbers, that is absolutely no big deal and nothing for any excitement, that's for sure.
There still is no oil, no production, no profit, and still in violation with state of Texas. Along with his other company MXXH where there is no drilling, no oil, no operations, no liquidity for the stock, and only more misery for shareholders there. With that company in violation with the state and owing almost a third of a million dollars in back taxes.
It's just pretend money for MXXH "potential". It's a joke and has nothing to base any pps potential on. Oil can get to a million dollars a barrel and it still won't make MXXH worth anything but an empty shell.
MXXH has no potential and no oil, no operations, no drilling rig, no profit for shareholders, no capitol, no financials, just a dead shell. Just like all the other companies that the management has. BNPD, BNPDD, BMRK, tomi None of them does anything but put out BS pr's and take shareholders money with RS and nothing is ever what they say they will do.
No liquidity, no trading, just imaginary "potential". They can't even pay the back taxes and be a legal entity with the state.
Well I wonder if CRWV is going to get any volume again. This low volume and lack of interest is a little slow. Under 10 million daily is pretty low for a double zero stock. Pretty much limits any good trading in it. Maybe CRWV can get some more charity MOMO or up that wash trading a bit to save some face. LOL
Yesterday it was 4.3 million sell volume to 3 million buy volume and only ended up back where it started. Had about one good day last week, but that was about it.
Still general trend is a pretty good slope downward. Lower highs and lower lows overall and now volume and strength is really lacking again. Going to have to do a lot better than this to hold any ground.
But hey, it's not trips yet and what can one expect from a phony gold stock that's just been dumped and kicked around. LOL
"Tom Allinder is now doing Investor Relations for BBDA/Bebevco."
Why does that not surprise me. Just one more of his tickers to "advise" how to put on T4T status by the DTC. Better watch that volume and keep it under a few million.
Quote by Tom Allinder
"I believe that it is the object of the DTC (through the SEC) to “clean up” the marketplace. This means any company that trades more than a few million shares a day is under scrutiny. Why were we chilled? We will contact the DTC and find out why. When we find out why, we will update shareholders."
Of course there are many stocks that were practically or absolute zero volume when chilled (and had been for some time). Also many that trade much more than that on a regular basis and aren't getting the first priority for "chilling".
I would give a little more possible reasons of "scrutiny", but getting the factual reason that he states will be updating shareholders with, that might not be so forth coming. Other than blaming the "volume" that is.
That's a great river, there is also the Payette River that has a highway coming down from Salmon into Boise with some nice out of the way rafting and other enjoyment. Not exactly sure when I'll be there next, but a good cold beer can sometimes hit the spot.
Not sure if there will be much to check out with MDGC though. Too hard to check out things that aren't there. My wife doesn't need another vacuum cleaner, too many of those already. LOL
That video is absolutely garbage for any proof of anything. One can't even tell if it's even wireless or even who's service it is what equipment, where it's at. No documents, no verifiable evidence what's so ever. Doesn't even begin to get to Engineering 101 for the standards of "proof" or scientific discovery.
If this company has a valid claim to anything it has to say, then it should be no problem to prove that publicly and with reliable documented sources. Not just some statements on a message board and a poor quality video that does nothing for real proof that MDGC as a public company is required to have.
If there is some service that MDGC states is supplying, the public isn't Area 51, nor is it the CIA (they are way ahead of anything public), so where is exactly this service available in the Boise area. Fact is that it definitely isn't the whole Boise area. So where is it? So that it can be confirmed by the general public and other people that are in the Boise area. MDGC is not selling secrets to any government, the public company is stating that its selling a product or service to the public and taking public money for those statements.
Those issues do not get satisfied by posting someone has been there and some ridiculous video. I have been there, in all probability I'll be there again. I own property in the area, I have family there and they have friends and more family there. Where is it?
I was only answering your question when you asked;
"What's your point ?"
Which led me to believe that there was a question and asking for clarity denoted by the "?".
But I'm glad you agree and point out that the management and insiders are not changing (IE: "nothing has changed"). That their slimy business practices and lack of any operations for years and years indicate that as far as the management and the companies involved, aren't going to, and only continue to run any business the same way they have.
That is, with all the things that "nothing has changed" with. No financials, no real business or capitol, no PRs that ever come to any fruition, stocks ending up down in the gutter, RSs, and no "point" to invest in anything the management and insiders have a hand in or might be involved with in the future.
Since the management and companies involved have got "nothing that has changed", it only leaves minimal subject to discuss with.
It's a very, very small percentage of the OTC, and hardly "75%". Grant you it is growing, but only a percent or two at this time. But that "crazy-ass long list" is as accurate as it gets for tickers that have received T4T notices. Now there may be a very small percentage of the "list" that have changed ticker symbols , reorganized, RS, etc. (still doesn't change the fact of the original ticker or CUSIP).
Maybe you could provide all the reorganized and changed tickers, CUSIPS, dates, percentages, and documented links (not PR's) that more accurately depicts the 300+ list. After all that is what this board is about, factual data on the DTCC Discussion (as the name implies).
That would be better use of input and time than bolding the word "that" and making ridiculous statements like the list is "75% of the entire OTC market", or put in a pump plug for any favorite stock. That is not what this board is for.
It is accepted that there is a small percentage of the DTC list that can be manipulated and interacted with by Promotions or Promo Crews but the majority by far is just a bunch of gooey crud and puts even more detrimental odds to stocks than just the pinky market provides.
This board is always a work in progress, but hopefully the goal is to have factual data and information that is helpful to all traders or investors and a place to come to clear many of the misconceptions that are floating around the boards.
But I will be waiting for your complete list with all the proper corresponding documents and links. Really appreciate it, due to I am in the process of putting together a spreadsheet with all the pertinent information for reference in the future.
Not sure what the bewilderment is or why one should be confused. The company(s), the management, and insiders are just what was stated "old news". They have done nothing in any of their slimy shells but rob investors of their money, RS's that wipe out any shareholders, put out PR's that never come to pass and are total BS, and end up with total lack of liquidity. No real operations or business other than shell money laundering.
No one should believe in, invest in, put trust in, or support any of the companies that the the management, promoters, or insiders show up on. (BNPD, BNPDD, tomi, MXXH, BMRK for example). The track record and "old news" of this management, insiders, promoters, etc are nothing but undesirable follies.
Hopefully that makes things more clear.
The odds are that I am RIGHT and that has been the history and statistics already FACT in the past for CBYI. Why would anyone want to waste that kind of money on a gamble that the odds are so stacked against them. That's like playing poker with a bunch of cheats and a dealer that is dealing from the bottom of a marked deck.
The pinks are gamble enough, but when one has a stock like CBYI, it really becomes the most foolish of gamblers to play this game.
"if someone can't gamble a few grand on a .0001" then all that means they are the smarter trader here and knows when to hold them and when to just kick the company to the curb.
Knowing Pawson and his stocks and his throne of .0001 dilution tells me that number is doubtful. And even if one wants to foolishly believe that number, what then? The billions and billions of shares to be dumped at .0002 that everyone is hoping for will create a massive exodus, and most won't be able to get their share of the pie due to the enormous competition for them. Plus RP will just be giggling all the way at the poor traders that thought they could come out on top.
Then the immediate crash to NO BID again with total lack of buyers at the .0002, and that's the best scenario one could hope for.
MXXH is "INVESTORS BEWARE" and my post was in response to this and lack of transparency to the shareholders of the managed companies.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72314278
Infinite. LOL What is showing will only turn into more and more and more. Just because the L2 only shows a particular amount is by no means the only shares available. "Taking it out" will in all probability be a pointless endeavour. At least that has been the continuing history of this shell. 7+ months and only a few days of .0002's being done at all and those trades were comparatively few to the billions of .0001 and below. A loosing battle to say the least. That's why CBYI is a NO BID stock.
"how many are still for sale at 0.0001?"
Judging from past PR's on any of the same managed companies (Benchmark Energy BMRK, Texas Oil and Minerals BNPD, BNPDD, and MXXH), it's not good with PR's either. All of the PR's have just fallen short, not had any substance to them and only have been used to fluff all the shareholders while shareholders money was being taken.
"and they seem to have the same accounting firm ... hard to believe this is good without any pr's."
That may be right. It just might be that long before this dirty shell can come back around. Although the DTCC and SEC have a lot of regulations, criterea, and costs that will give the insiders and toxic note holders some resistance.
Oh you mean all that "drilling" that has been fluffed and BS shareholders for over a year now with absolutely nothing to show for it. Absolutely no operations from Tom Gouger (BOD) who has done nothing but BS his shareholders on this stock and his other public company BNPD (BNPDD since they are in the process of RS and wiping out shareholders there).
Since this company hasn't got any financials or any operations, no capitol for any real business, PR's that have never materialized, it seems that they have pretty much just sold off as much as they can for now. Due to MXXH or BNPD or Catherine Thompson's other shell BMRK that she has part in (and just came off of a Scull & Crossbones) has no liquidity right now.
No oil, just dirty pink shells that have done nothing but disappoint shareholders and has only left them with misguided "hope" that more fluff can come in and entice some new money to loose. Even if they do manage to get some "trading" action in any of the managements "companies" including MXXH, way more will loose than gain. That the way these things work.
Since it was on topic and had to do with the management of this stock and other stocks the the CEO is involved with. Along with the same paid promoters and has very much to do with the issue of this stock MXXH. How this mangement runs their other public companies and what they are involved with has very much to do with how they run this one and what they are doing with investors money.
That's some great work nodummy. Had to go back and read it a couple of times, but a lot of good information.
No less than 6 of the stocks or tickers mentioned are on the DTC T4T list and as you pointed out most of them have done nothing positive for any shareholders. (TLAG, EDWY, SMVI, PVSP, AAVG, GRDO)
All of this is just shell money laundering as far as I'm concerned, the very examples of what needs to be cleaned up and swept out of the market.
Good job though.
One can thank Mikey for taking the time to get the original list. It was less time to put them on a watch list and take clip shots.
Like I stated, it doesn't show all the reorganizations, symbol changes, privatizing, dates of DTC notice, how erratic a particular volume is, pps now compared to then, etc., but it is good to get a general perspective. Anyone that ends up having a stock that gets on the DTC list, should pay attention to the implications and the horrific odds for a DTC listed stocks future. Also the fact that the future only holds more scrutiny, costs, and regulations that will be getting tougher and exasperating the situation. (IE: it doesn't look good).
The fact is no matter what some might want to pump on a board, the statistics are not positive.
Yes, this is what I've been saying over and over. The viability and volume or liquidity that this list is are not good. Whether or not one wants to debate that the actual "chill" had the effect, the bottom line is that the whole group of them are indications of what they are and develops detrimental odds of any current or future listed stock or ticker that gets itself on it.
Some tickers have already gone to trips and/or no volume or just worthless sporadic volume before being put on the list. Just complete lack of feasibility to trade or invest in them.
Now excuse the long post here with all the pics, it took eight of them to get them all, but it does show the reality of the situation.
There are some idiosyncrasies to the data here and it is assumed that one looking at them can have some basic intelligence and be able to see the big picture. For example, a stock may or may not have a "D" on it when it should or should not. A stock may no longer be there. There are examples of companies that went completely dark or private or just got kicked out of the market. Some of the volumes showing may be just trading that took place weeks ago (not today) due to the intermittent volume days and only showing the last day that it was traded. This is more prevalent with the lower volumes and/or lower trip stocks. I might be missing one or two on this particular list.
These are examples where one has to look further into any particular symbol, but it won't skew the general picture that is being implied and shown.
But Mikey's list is accurate and anyone can pull out any specific symbol and get any data that is available. There are Pumps and Dumps and MOMO crews that interact with a relatively few symbols on the DTC list, and there will be some viable trading in a smaller percentage of them. But overall the general prognosis is quite negative over time for overwhelmingly most of the DTC listed stocks.
I'm working on a spreadsheet that will have a lot more data and hopefully will be more specific to the entire situation for each stock. But this will do in a pinch.
These are sorted by volume, but again some of the lower volumes and even couple of larger volumes were not today 2/21/12, but just the last day they were traded. Half of them aren't being traded at all (which is including ones that aren't worth mentioning in volume or too sporadic in trading for viability).
There is always the attitude to "blame the other guy" scenario with this type of thing. Like THRA CEO and company director is not responsible for, or shouldn't keep themselves informed in everything the company is. It's always "the other guy", the "other company attached to the shell", the "other promoter", the "other accountant", and on and on.
It just doesn't cut it to try to shirk responsibility or say there wasn't any management qualities or abilities being used, no proper accounting procedures, no real business value other than shell laundering, or no awareness.
There is no putting Humpty Dumpty back together again now after the company got caught sneaking over the wall with the goods and then knocked off. Shouldn't have been on the wall in the first place and no way can excuse the behavior by trying to say "the company didn't know where the ladder came from" (especially when they really did know).
A relatively new flavor of kool-aid. At least a different shade of color.
"I think being put in a trade for trade situation is actually going to be a good thing for us.."
"On 02/17/2012 spoke with Mr. Westergard who assured the Better Business Bureau the company was indeed operating in the downtown Boise area providing internet wifi"
"Operating in the downtown Boise area" can be just having an small office and mailing address. But it shouldn't be a problem in having something like a map of service or exact "areas" in which service is provided. Something like this (this particular company has been offering service in Boise area for some time).
http://www.clearinternetboise.net/
Now I am assuming that MDGC isn't supposed to be just some rinky dink sales of service with other companies product. Kind of like all the small yard signs one sees in every city or town offering to resell internet, phone, or satellite service. Or even something a little more but just in business to only get a sales commission for what they "provide".
Something like selling vacuum systems. May even have access to the vacuum warehouse, parts, etc, but not really owning them, manufacturing them, or even having any inventory, just reselling them.
There is lots of those type "operating in the area" and "providing service" (IE: Authorized Retailer).
They need to put a fork in it and shoot this zombie. The last 7+ months there were only three days that any .0002 got traded in CBYI and there were very few shares of those that I can see. The most current one of the three days is over a month ago. Plenty of ZERO volume (or practically zero) days mixed in.
For any of the normal public, I'd say the fork is burnt.
"...they could easily lose DTC eligibility if they tried...and that would surely put a fork in it.."
My bad. I was just remembering Pawson's other stocks when a supposed "turn around" expert came in and did nothing but "turned around" shareholders and more .0001's in that stock. Of course it was just a name only listed at the state and no real person. And I was looking at the CBYI shell RS's of about 3 1/2- 4 years and thought he might resort to one since the shell was coming around to that timing again.
I hear RP is really scraping barrels more than usual lately. LOL
But your right, and besides, probably could never get one through FINRA or DTC at this point. Better to just keep being the .0001 King (and lower) and try to stay under the radar (at least until the DTC Chills the thing like they did with the other one).
RFMK -- Well the stock has got on a list that the prognoses does not look good. Is it the actual "end"? The probabilities are that it will continue trading by some self clearing brokers, but the possibilities that it may incur high costs are in the works for the future and that the odds are that the higher than average volume are ones who are exiting for good NEVER to return (not just selling, opening another account with cash and going to buy back with another Broker as some might want to pump).
I always hear the things like "no big deal, the Chill isn't really effecting anything", "trade them all", "I've got lots of stocks on the "Chill list" and they are fine" type of statements around the boards.
But the reality is that weather or not the DTC Chill created the horrible statistics for the 300+ list now, the list does not look good for any of the public. No matter what a chilled company, promoter, or pumper says, it is NOT business as usual.
About half of the list have gone to ZERO volume and liquidity or maybe some sporadic minimal shares going through that sometimes doesn't even get to a $10 bill or just not enough volume to deal with the stock feasibly.
There is only about 20 or less on the list of 300 that do volume over 10 Million in any given day. Yes, RFMK was in that group on Fri, giving attention to that common occurrence of exiting with the notice of being DTC Chilled.
In reality and facts, no one can "trade them all" in fact one can't even trade half of them and a large percentage of the ones that do still trade don't have enough liquidity or volume to do it with efficiency or much profit for the time.
Basically most go south in pps over time after a DTC Chill and getting off of the list and having services restored is a doubtful event. Sure one may see spikes, smaller bounces, or little runs depending on a MOMO crews around the boards and depending on the float plays, but they are short lived and the overall trend for "investing" is negative.
It may not be the "end of the company", but it just got really sick and fighting cancer. Extreme caution and low expectations should be observed to either stay with or "invest" in any DTC Chilled stock. There is still thousands of other pinks that don't have the cement around the feet that the DTC hasn't got to yet. Many of the shareholders of these chilled stocks will be looking at those and transferring their money to better pastures(IE: changing demand and pps).
"is this the end of this company??..rfmk"
Just a bigger shovel and a 11-foot pole. LOL Isn't it getting time for another RS and another business flavor? You know, the type that requires a "turn around" expert on CBYI business.
Problem with that is many of them just come out of the gate with the nothing but the DUMP not even bothering to wait. That's common with a RS where the pps is started high for the insiders and toxic shares that weren't effected by the RS. That is what Gouger is doing over at his other stock BNPDD and may be in store for MXXH. Common for stocks like MXXH that have basically been dead of liquidity or volume to stay silent until they want to put a "D" on the end of it and maybe give it some new letters or business flavor. Then just mostly a DUMP not really giving much to the normal investor or trader.
But maybe a day trade or two might still be available, but overall not really "great news" when these scums just keep rinse and repeating and not coming through with what they fluffed to the public as we have with MXXH and the other stocks involved.
Maybe you can check out some barbecue sauce while your there (but that would involve another slimy story LOL). Just more criminal and common connections with these dirty shells like BMRK (BMRKD, OPSI other ticker symbols that have been this stock).
"William Jason Ford, president and CEO of Texas Hill Country Barbecue, Inc. has informed his board of directors that certain persons formerly associated with the company have engaged in fraudulent activities as well as criminal conduct with respect to their claim of ownership in the company. Person known of Rockwell, Texas, who claimed to be a consultant for the company has forged documents, manipulated the stock prices, and illegally broke into the DTC account as well as Pinksheet company information by impersonating the CEO in order to cover up their scheme to manipulate the common stock of the company. Person known and his partner, of Houston, Texas have forged documents, signed unauthorized agreements, and engaged in a “pump & dump” scheme while acting in concert to defraud the minority shareholders of the company.
An accountant for the company assisted the two and caused to be filed erroneous and false information about the company on the Pinksheets. Other members of the “pump and dump” team who have a track record of failed public company stocks, including Precious Metal Exchange Corp. (PRMX), OPSY, DTIM, and Tracking Corp. (TRKG) will be disclosed for the record. The board of directors is continuing to investigate and uncover information.
A person known claims to own 5,000,000 shares of the common stock of the company, but has failed to report this to the company or the SEC as required by law. This person uses several bogus companies as well as trusts to manipulate the stock with his partner who claims to have made $20,000-$30,000 per quarter, over the last several years on this person’s scams. Every company that this person formed is now defunct leaving thousands of shareholders with huge losses while his partner claims to have reaped millions that he split with this person. "
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45557
Even if you want to go to the couple of removals in 2008 and 2007, the companies haven't done the best for shareholders to say the least.
DGIN, DGIND has had several RS and now last I checked it was reorganizing again from "Diversity Group International" to "The Automotive Resource Network Holdings"
AGWS, AGWSE which was involved in a group of defunct companies that got highjacked and is not much to speak of now.
http://www.sec.gov/litigation/complaints/2009/comp21243.pdf
Has a STOP sign along with the other 2008 company TMMI that came off of restriction in 2008(came out of a bankruptcy preceding and RS and was noted "individual is involved with over issuance of authorized share certificates")
Just a real bunch of losers.
Looks like nodummy called it pretty good before the RS happened and of course just continuance of the old evil shell game. (All the same shell BMRK, BMRKD, OPSY)
So yet another shell transfer from a Reverse split that wiped out previous shareholders. These POS just never end. This stock was a Caveat Empor months ago (in reality still should be).
Was the shell ticker OPSY before and has behind it nothing but Pump and Dump schemes, rinse and repeat BS, and criminal activity. So now a "new" fresh "company" rinse and repeat. More than likely with the some of the same dirty players as before (insiders, toxic note holders, etc).
As you said, bringing over persons from other dead tickers that just took investors money and ran.
Well like I stated, the "reduction" of A/S can be increased at any time and now can have more options for different kinds of toxic notes and debt burdens as well available to the "management" (another very loose term). There also has been several examples where these pinks have reduced the AS in the area of ANWM (50%, 65%, 75%) only to have the pps plummet down and selling by insiders, third parties, etc. to occur anyway. Also other pinks that did that were subsequently "Chilled" by the DTC.
Here we have the DTC has already done that, so what does it matter I guess for that part. But point is that it did nothing for the pps or the normal "investor" other than some short term MOMO and "fluff stuff" over the boards before the pps went south. And they were at least trading normally and not the erratic garbage behavior of the grey market like this "company".
I'll have to add that a RS might not be in such great odds as with reorganization for ANWM. The DTCC (and it's subsidiaries) are aggressively attacking the loopholes of reorganization and RS, so ANWM and their legal council will be finding even more resistance and walls to that goal. In fact a lot of new regulations, requirements, and costs are coming down the pike for these type of stocks.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72296968
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72286614
But in theory (doesn't seem to happen much in the dirty pink shells) the AS is for "management" to issue shares for funds and financing for the business and building real equity (IE: Public Company). For the overwhelming percentage of the pink market, that doesn't happen and just seems to end up being equivalent to shell money laundering or loan sharking.
Now most of us know that the reality is that the insiders, toxic or convertible note holders by hook or crook use every possible way to get their cut and their "investment" and not give a rats a$$ about the normal shareholder. And I suspect that is what is going on here somehow.
But even in the theory of why public companies are in fact public and getting public money from shares issued, it can be problematic for limitations of the AS. Of course the general attitude is that restricting the amount of AS will reduce the risk of more dilution and it creates the Weeeeeees around the boards. But several recent studies have found that it creates more problems and the toxicity and bad business behaviors just continue, in some instances become worse. For example a quote from the Harvard Law School and Forum on Corporate Governance and Financial Regulation;
"Thus, even though there are limitations on the managers’ power to issue stock, the paper shows that most of these limitations do not effectively restrict the managers’ power to issue stock and that managers can still take advantage of it to advance their own interests. Furthermore, the only restriction that can effectively prevent the managers from issuing substantial amounts of shares without receiving the shareholders’ approval— the ceiling set by the number of authorized shares— can distort managerial behavior. This limit on the power to issue stock may cause the managers to refrain from issuing stock for ordinary business purposes, such as equity-based financing and equity-based compensation, in order to retain their power."
The reality is that these reductions of AS (including any large percentage reductions) just don't seem to do anything for the average "investor" other than jazzing them up with some short term fluff. Trading (if ANWM wasn't in the grey cesspool) might be an option, but given they need to get all the ooze off first, may prove to be a long wait for any real abilities to succeed in the "trading".