I agree that it is a problem, however, if a new judge is given and DBMM gets a do-over, they should have enough time to change the Super.
What was needed? Adding the Qs, form 3s, adding legal info which has changed since filling and adding this proceeding, and lastly a couple signatures.
You don't think they can get those accomplished if there is a new proceeding?

I am guessing it has to do with the contempt filing hearing coming up in 3 weeks, as talked about in the doc

Public shareholders retain their shares if revoked. Even if this is the case, the new group would have to buyout the shares. Might be for next to nothing but even that is more than them going dark.

And even if we are still revoked this is a HUGE hurdle resolved to filing out Form 10

Well.... I doubt a new case will be granted but if they assign a new judge to an incomplete case, there is the possibility.
If that is the case I would hope they fill in all their gaps, get completely current in documents, and hopefully this time give the court a document with less first lady quotes. :)
I played this one as a lottery play. So if it is still long odds there is not much difference from when I first bought in.

Link?

Wholly crap. This could change the whole thing. Might have to completely retried as the case is not over.
Good find!

Just because it does not show on the SEC website today does not mean they did not respond. Sometimes it takes several days to be uploaded

Wow, this is a hard one, if they get another extension I am guess 2-3 months before final decision. I'm going with Sept 15

If people are looking for shares (you know just in case)
selling
250K @ .002
250K @ .005
250K @ .01

and for the real winners out there a bunch at .10, you if you want everyone on this board to show some love. Not holding my breath for this one today but it would definitely get you a few thank yous

I agree but I am still confused by the Super. They SEC main argument is that the Super is missing the Qs, I thought one of the main selling points of a Super is you didn't need the Qs?
If prior extensions were given (I was surprised by that also), then I do not see why they would not ask for an extension to add the Qs, which should be a quick fix as you need the Qs to calculate the Ks.
There are the other issues also to address but that one seems easy to me.

Technically yes, they will send their response today but not get a chance to read it until next week.

Where did you find the link I do not see anything on ALJ orders
https://www.sec.gov/alj/aljorders.shtml

First off, thank you for the well thought out response.
I agree plus you have to look at it from the account's view. Most Ks do not need quarterly results as all the Qs have been filed (in normal circumstances) but they need to calculate them to do the annual. My guess is that L&W will request time to resubmit as they already have the work done.

Maybe maybe not, I saw him post a few weeks back that he was selling .0025 but how long did he wait. He has posted numbers before and I try to order and it will not go through. Whether the grays taking time or because we are trying to order and sell via different platforms who knows?

nope just bigfoot selling some at a lower price

Come on man... We are all looking to make a bit more and help prop it up a bit higher, sell for above .015 and people will take it also.

I understand you have no faith in the company but that response does not track. There are buyers at .001 and higher. I can understand people trying to get out and getting nervous when it does not hit but on the grays sometimes it takes time for a transaction to occur.

Come on people if you are going to sell raise those numbers. Why sell at .0005 when you can get double/triple or more than that.

One thing I realized, where are the legal fees? I am hoping to see growth in the Qs from Formula 1 and hopefully others but we will have to expect some dampening from the court costs.

Who are these people that keep purchasing shares?
I don't understand... I was unsure a year or two ago with some hope with that release near new years. Now lost the faith.
But who finds anything on them and goes, that looks like a safe investment... I had hoped when I saw a million or two last week that some insider knew something was coming but meanwhile.... nada

Sure would be nice to hear a PR message saying they are looking into or better yet have found a MM in worst case scenario

I am interested in seeing the Qs hopefully some new info on them and some more info on how much they spent on the audit. True the K had 50000 but that was up to August 2017.

Damn spent $5 to see where the low bid was with a buy order at .01, didn't expect it to be lower...

If I were DBMM I'd pay upfront for a several year contract with Ligget&webb to show that they will be filing. It might hurt moneywise to do so now but will help the judge see they are serious.

I've always meant to ask, where do you and DollarTime keep referencing the wealth management group from. I've read almost everything and don't remember seeing it.

$110 worth of volume happened

Looks like someone got your shares.... 1.1M of them at least

In normal circumstances but we are not exactly....

They are sending the report to the judge not reporting it to the SEC; correct?
If they did not send out anything via PR how would we know if they haven't already submitted?

It is just someone selling there shares below ask. Nothing crazy here. I have a .0001 GTC buy and if someone put shares at that price it would drop just as it did this time.

Completely agree but I have a cascading sell, 500 shares per .001, 5000 shares per cent up to .10 then a mil every .10 cents.
:) You have to let people come in thinking they are getting a deal on their shares or they are less likely to purchase. And remember no Level II on grays.
If you saw good news on a stock at .0008 would you put in a bid for .10?

Judges orders were on the 23rd.
This Monday was 3 weeks. Upcoming Monday for 4 weeks.... then 11 days to the 1st. Ligget & Webb better be crossing those Ts and dotting those Is.
Should see increased purchasing at release; especially if we are showing a profit. I recommend everyone set a portion for sale GTC >0.05 to see this thing fly

Can you or someone on the board tell me. What happens when a company closes its doors and is owed. From what I have seen Asher is gone / closed its doors.
Obviously there needs to be ways to recover owed assests but I know it does not transfer to individuals able to sue for recourse.
We also get into whether Kramer decides to pay lawyers to have the court follow through only to get involved in a federal trial all for 60K.

My opinion is that it is still one step at a time.
1) 10K comes out (hopefully showing a profit)

2) Judges decision (might be pushed back to see 10Qs)

If profit and 10Qs are shown that they have the means and look to be fulfilling the reporting requirement then Absolute Potential case law is not covered because that judge ruled that he did not believe they would continue reporting

3) legal action by Kramer (as above not for certain)

Need more people to post to his twitter as well
https://twitter.com/pilgrimpetrol

Anyone else have a GTC sale set up? Just curious what level y'all put it at?
I have about 10% of my holdings at $0.10. Nothing like a 100x bagger for your low price :)
Figure its good to have some high priced shares for sale when this jumps at release of Super 10K

The accounting firm said 3-4 weeks. This Friday is the 4th week but the judge gave them until June 1.

If anyone feels like painting up the SP before the Super 10K; I've got a million shares at 10 cents GTC. :)

My broker (Schwab) can trade the greys both buying and selling without calling. However, when bigfoot put his shares up at .0008 they wouldn't place when I put a limit of .0008 for some reason. I changed the limit to .001 and then they hit. Always some weirdness when in greys.

I recommend everyone read the decision from the case that the judge references in Initial decision / StockBarber's post
https://www.sec.gov/litigation/opinions/2014/34-71866.pdf

I do see some differences.

Although the law judge found it mitigating that Absolute had filed all past-due reports
and "ha[d] a present intention to remain current,"17 she concluded that Absolute's demonstrated
pattern of delinquency and "the fact that the company has no revenue . . . bodes ill for its future
compliance,"

I think it will really come down to the Super 10K and whether they can show a solid income that would allow for future reporting.
Fingers crossed.