Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I have a better question, where are the 450,000 additional shareholders that bought the 7 trillion naked shorted shares? Find them, and you'll find the $3.78 trillion.
Yep! and just where does one hide $3.7 Trillion?
Give Marco a call smart guy.
Or Smart?
Oh it's a sting alright, a "Darwinian sting".
Forget legal or illegal, how stupid do you have to be to buy into this mess after revocation?
if the shares deli sold were illegal why didn't the sec make deli get the certs back and give the people their money back??
RIP star the wonder pup.
"Robert was also a prolific cyberspace crusader whose keen insight and dogged persistence helped put many a fraudster behind bars. He was truly a star and a wonder." Jeff Mitchell (Westport, CT)
Prolific is right. Lousy people skills though.
According to jacbert's room yesterday, it was recorded by a mod from the proboards 29 board, Mannyfinn.
http://camrhon.proboards.com/index.cgi?board=safe&action=display&thread=6633
Strike4, you knew about the automatic 30 days?
Hollenegg was prepared, courtesy of carmelbeach:
HOLANEK Update
NOTE THAT THIS IS BEFORE TODAY'S HEARING
http://cmkxunofficial.proboards.com/index.cgi?action=display&board=mofo&thread=6243&page=5#71936
Re: This was a scripted dismissal. Hodges Won.
« Reply #72 Today [8/2/10] at 7:41am »
bhollenegg
Jul 31, 2010, 9:16am, goodolboy wrote:
Ridiculous!
IMHO
Jul 31, 2010, 8:59am, bjenkins wrote:
Agreed. Hodges Voluntarily dismissed?! The tentative ruling becomes finalized on Aug 2 by the judge. No additional evidence will be discussed, and no one need show up.
It's game over.
Not quite. In California, an Attorney representing the plaintiff(s), has an automatic 30-day extension from the date of dismissal to address any concerns brought up by the Judge.
Thank you,
BHollenegg
She told you she wasn't coming back. Maybe if you groveled a little?
Maybe "fantasy" isn't exactly the right word. In the case of pink sheet stocks, try ploy, or gambit, or cover story, or deception, or false positive.
Weird how you call it a fantasy when congressmen have know about this and been discussing it for a while
Yes, $0
Any other "opinions" on the settlement amount per share we could expect?
For all intents and purposes, you would have a capital loss for the difference between your basis and what you manage to get back. Unless of course, you already wrote off the entire amount, in which case, what ever you receive is capital gain.
If you want to talk strictly hypothetical (because I don't think it's ever happened, or will happen), if you received back more than your basis, it would be a capital gain.
how are you taxed on a settlement from delisted stock?
Apparently it works best in a controlled environment. It's very similar to an affinity scam, you have to have believers. Current and ex-military seem to be highly susceptible.
HTF do you pump a revoked stock that isn't even traded LEGALLY?
I asked Glenn the same question earlier. Doesn't make much sense, does it. Maybe JBII only bought the land, and Glenn will lease them the equipment. Who knows?
Why was the sale price so low? Seems like it should have been a higher value property? Prior owner invested ~$3 million and then sold it for $ 130K?
2bigcats, I have a few questions. Per the 2/12/10 announcement, the blending site cost $3,000,000 to outfit. Why is it now for sale for only $130,000? Was the facility stripped down and equipment was sold? Or is the equipment so old and outdated that it is worthless? How long ago was it when you put $3,000,000 into it, and how much do you estimate it to cost to re-outfit it in today's dollars?
Exactly my point. Nite blows Deli away when it comes to philanthropy.
Night Ice cream and cookie parlor?
strike4, Which MM was the largest buyer of cmkx stock... duh. Misplaced anger is so ungratifying.
Which MM was the largest seller of cmkx stock....
Plaintiffs’ Fifth Amendment due process and takings claims cannot succeed because Plaintiffs’ have not alleged facts sufficient to establish that they have a property interest in
the funds they allege Defendants withheld. Plaintiffs’ Opposition ignores this argument, which alone warrants dismissal.
jimmy, that is classic. I'm howling! Thanks for the entertainment.
If it's just the two of them, probably not. Adjusting my wild conspiracy theory accordingly, they have the "balls" of the operation, not the brains.
Are they capable of reasoning that sophisticated?
It certainly is a coincidence that Acca is back in town, and the rumors of marco selling shares are getting louder. Or is it?
On Acca's first night back, if I recall correctly, he said July 23rd is the date he was looking at for either notification or payment. That is approximately when the clock starts running on the judge making a decision on the motion to dismiss. If he is helping marco move shares, they definitely want to move as many as possible before that date.
jimmy, if Al has a single shred of evidence, why didn't he produce it? He's willing to risk having the judge throw out the suit because he doesn't want to tip his hand?
He may lose his chance to produce the evidence he claims to have. What then?
This post should tell you all you need to know about the ceo:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52148126
Doubledown22 - it's true that the selling of shares have been nonstop since greg took over igtp 1 1/2 years ago - two 504's and over 4.5bil shares dumped so far-
however, greg's facebook postings are more entertainment than truth - this is some of the facebook posts he has made:
Quote:
February 25 -Get in NOW while the price is down (it was trading around .007)
February 26 -Gregory is up still thinking about how rich he will be making his investors. 7:18am
February 26 -Gregory Evans is in a budget meeting making his investors some money!
February 26 - I just want to let you all know that I will be releasing stock information…… very, very, very, very near future. …..Please be patient.
February 27 - Gregory …. Always working always Hustling. My investor should love me!!!!
February 27 - "Gregory didn't get to eat lunch today. Too busy making our investors money."
March 02 -Gregory is working hard on the Investors website scheduled to launch this week.
March 28 -Gregory Evans Bought the TV show "Atlanta Homicide" and is now buying another company. I will show you what a real Tech Mogul looks like!
March 31 -I killed it on 2 radio show this morning and tomorrow I will be on Fox & Friends at 6:45 am east cost time world wide! Who is your favorite Hacker
April 06 - "I was contacted by Forbes today! They said I made there top 40 blacks (riches) in technology. I did not say it, they did God Is Good!"
April 10 - Gregory Evans loves haters!!!! If they are not talking about you, you are not doing it big!!!!! People keep talking about me. It is motivation. (i don't think this will be a problem)
May 21 -I took my company public, signed a movie deal with Rain Forest/Sony Pictures, Was in Black Enterprise twice, Brought a FAT Crib, new Porsche, wrote 2 books, brought a TV show Atlanta Homicide was on Fox News Network 3 times, CBS NEWS, CW channel got over 1000 facebook friends and its only May! GOD IS GOOD!
July 26 -It's Saturday and I have Great news for my shareholders!!!!!!!!!!!!!!!!!! I am in the middle of the Atlantic ocean on a bomb ass cruise ship, working for my shareholders. Come Monday when I ask "who's your daddy!" you know what to say
August 30- God is to GOOD to me! 8 Months ago, business was slow all around. I even had to do lay off which I hated to do. Then on Jan 1, 2009 I watch the Secret, did a personal & a business vision board and along with a good prayer and here I am. I know ...own to publicly traded company's. LIGATT Security (symbol LGTT) and SPOOFEM.COM (symbol SPOF). Both company's combined have a stock worth of over $40 million
September 15 -****** TO ALL HATTERS ***** They say success is the best revenge. So to all the women that would not give me any play and to the fellows hating on me, see me in January issues of Forbes Magazine……The Cover fools!!!!! Momma I told you so!
September 29 - Msg 1: TO MY COMPETITION - Today I have been crowned king! Number 1 the Game. I bought the world’s largest maker of stolen Computer Recovery Software.... and I am giving it away! So if your computer gets lost or stolen we can find it! Go to locatepc.com
Msg 2: I did it again!!! I love posting because all my competition reads my post. When Essence Magazine needs an expert in Identity Theft & Computer Security who do they call... Not you! Got to Essence.com and type my name in the search box. Oh by the pick up this months copy of Computer World Magazine
Msg 3: To All My Facebook Family Who Don't Understand. I am the only black own international computer security company and the other good ol boys hate it! i am taking them out 1 by 1! They did not see me coming! I'm putting them out of business or buying them out. I love it!!! Don't believe me, pick up nexts months company of Money Magazine, and read about your boy!
October 24 - TO ALL WOMEN YOU TOLD ME THEY RATHER HAVE A ATHLETE THAN A COMPUTER GENIUS. If I have not proven that I am Number 1 then this should! Yesterday I signed a deal with the NBA Atlanta Hawks and the NHL Thrasher to handle all their Hi-Tech Security needs.... I will make more money off this deal than most of their players, and I did not even have to dunk a basketball or hit a puck!
Wow, this really is quite revealing.
Did Withum sign the 10K? I have a "hunch" that they did.
Uh no, you can call Withum in the morning and ask them if they have an opinion on ANYTHING other than what they listed in the audit report on page 23. Seriously, do you know how much PCAOB auditing firms pay for liability insurance? This really is a silly discussion.
I can agree with you on that statement. But it leads to the question of what percentage of the tape reading revenue is being passed along from JB Inc to the public company that overpaid for those assets. Without disclosure.
You really think Withum had no control over allowing P2O info in there that included the historical progress and updates from the DEC and had no idea if that was made up or not?
You know, it's a shame. This company might very well be on the verge of something special. But then the CEO does something completely bush league (media credits). And then, when he comes clean, others have to mess it up further by making outlandish claims, such as the auditors verifying the companies P2O claims.
How many times do I have to correct you? Withum DID NOT sign the 10-K.
If you think Withum signed the 10K knowing all those P2O details were in it and did zero DD on it being a scam, then I have the promise of pinksheets in 3 hours to sell you.
Totally wrong, again. Withum did not sign the 10-K. Withum signed the audit report, and they tell you specifically what they are signing off for:
We have audited the consolidated balance sheet of JBI Inc. (formerly known as 310 Holdings, Inc.), as of December 31, 2009, and the related consolidated statements of operations, shareholders’ equity, and cash flows for the year then ended. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit. The financial statements of JBI, Inc. as of December 31, 2008, were audited by other auditors, whose report dated March 27, 2009, expressed an unqualified opinion on those statements.
Do you think they made sure those facts were true and verified them with the DEC or not? I think so. I don't think Withum just audited the financials and had nothing else to do with the 10K. It doesn't work that way. Everything in there must be true in terms of cold hard facts.
The Media Credits were not an intangible asset. Not according to the original 10K where they were listed as a current asset right up there with cash, A/R, and inventory. With absolutely no disclosure whatsoever. This treatment was not merely wrong, it was a freaking spit in the eye of the reporting standards that we hold public companies to.
It was a brash and arrogant attempt by "the management" to overstate their assets by 100%! How narcissistic do you have to be to try a bonehead stunt like this? And how completely disingenuous does one have to be to try and defend it, or claim that it was just a simple mistake.
This was not a mistake, this was not "honest", and this was definitely not "genius".
When it comes to credibility, this company is back to square one.
$11.5 million in assets gone, but hey, nice to see that goodwill is up.
Posted by: Rawnoc Date: Tuesday, June 22, 2010 5:56:39 PM
In reply to: Rev Kilgore Mullet who wrote msg# 51531 Post # of 55923
Completely wrong. Goodwill never plays into valuation. You show me two identical companies in every which way except one has a higher goodwill asset, and i`ll show you two identically valued companies.
"Value is proved through earnings" is a unique penny mantra? ROFL!!! Try Ben Graham, Peter Lynch, Warren Buffett, and 99% of Wall Street. Anybody who buys into a company for its "goodwill" asset is an idiot. I've never heard anybody anywhere do such a stupid thing.
I could just see it now.... "ABC analyst upgrades JBII to strong buy. Cites the high goodwill asset". LOLOLOLOLOL
Analysts will never mention goodwill as a plus. EVER. It can't be sold. It has zero value except for possible tax benefits.
Come on z, if it's a trade receivable, it's already booked in income.
Seems you were right.......looks like a $325K Loss.....But they have $524 receivables, so if those were from 2009, it would give them a $200K profit.......z
The cash in escrow was from the .80 private placement. It probably stayed in escrow until the offering was completed in January.
Why would the money be in an escrow account?
Cash rich and debt free? How long will that last. Let's see, $2 million loss in 4 months, based on your method of annualization, that's a $6 million loss per year.
Trick question righty. None of the expenditures for the 20 ton reactor would have been in expense for 2009.
so you are saying that the entire expenses of p20 in that period are less than the approx 27k loss?
pop quiz genius....what did they pay for the 20 ton reactor body from china, ....just that one piece of equipment...all by itself?
If Treff would have written it, there would have been a homo reference thrown in.
Not really puzzling or disturbing. Nor nefarious or disingenuous. He just OD'd on the kool-aid.
Did you enroll in Bill Panetta's boot camp for traders?