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HammerHEAD,
You of all people should know that I'm a VERY CLAM guy, actually I'm EVEN CALMER NOW that the "NEW" guy is at the HELM of this *almost* SUNKEN SHIP!!
You'll be the FIRST ONE to know when I'm UPSET!! lol
GLTA!!!
Janice,
That ONE THING that you mention is not an issue it will be done if needed, in fact 3 years are done already.
The "NEW" guy has a much bigger "fish to fry" with the SEC then that ONE THING that you mention, that's the easy part of the equation IMO of course!!
GLTA!!
JANICE,
Take it easy, geese, ...OK I'll tell you but please don't tell anyone ok.
You heard of a guy called Larry K- -G right? Well it's NOT HIM!! lol
Don't know who it is but he could be the guy to get us up and trading MAYBE even as a FULL REPORTING ISSUER!!!
All I know is he's the "NEW" guy, capish?
GLTA!!
Janice, I read what you wrote below but I don't think that will be the issue here because the "NEW" CEO knows SEC regulations inside and out as he deals with them on a regular basis, SO I AM TOLD and IMO of course.
"There was a case a few years back that to some extent illustrates this point. The company's prior management had sold the shell to someone new. Someone who had an actual business he intended to roll into it, or so he said. Six months or a year later, the SEC moved to revoke registration. The new CEO was taken entirely by surprise, presumably because he hadn't done his homework."
"He objected to the procedure on the grounds that he hadn't realized he needed to file, and that he was starting from scratch. The SEC was not sympathetic. They revoked anyway."
Janice,
Are those meeting always done in person or can they be done by conference call, video conferencing etc? Just curious.
GLTA!!!!!!!!!!
MetalHEAD,
You are right with what you said as this new guy seems to be the **RIGHT** guy to deal with the SEC.
Of course time will tell but I think that if he can't do it then nobody can as he has close connections with the SEC.
Let's see what unfolds on or before the the 26th. I have my DOMS on ice, just in case!!! GiddyUP!!
GLTA this is far from over IMO of course!!!!!!!!!!!
Macleand88
Thanks for saying that. YOU ARE RIGHT no need to get upset as this is far from over.
Let's see what unfolds on July 26th. There's always a chance that things just might be better then they were before the halt. ONE NEVER KNOWS as stranger things have happen. IMO of course.
GLTA!!
T3flon
Really he had "tens of millions of shares" what proof do you have?
With a small public float of some 74 million shares I highly doubt that anyone on here owns "tens of millions of shares"
GLTA!!
T3flOn
Be that what a may about Bob, but according to a post here today, he cut a deal with someone and is no longer the CEO of FNLH.
Let's see what unfolds between now and the 26th of July.
Remember I sent that "FAT LADY" home because i don't think she'll be singing here anytime soon.
GLTA
DurkkDIGGER
I don't know if a R/S is in the cards you'll have to ask MrFNLH "TEFFY".
Having said that, I would rather have for example, 1/10 of my total shares trading which would still be a very decent amount then the shares not trading at all. Agree??
VegasPatrick
YES, it's a little early to be thinking about celebraing but I appreciate your invite.
I feel good that we'll all be in Vegas at somepoint soon, let's take it one day at a time because "Rome wasn't built in a day", I should know as I come from Rome. LOL
BEErocracy
Don't you think it's a little too early to be asking that question as I highly doubt that they have anything on paper yet.
This just happened today, give it sometime cowboy!!
Remember we have until the 26th to submit.
AGREE
BUT LONG SHOTS **DO** win now and again right??
Why just last week I bet on a long shot called "CabbageHEAD" and guess what it won by a "HEAD" GiddyUP!! lol
Again, "It aint over till the FAT LADY sings"..and I just sent her home because she may not have to sing here"
GLTA!!!
DfairLITE!!
WELL SAID that's exactly as I see it as well!!
THANK YOU..
Denny
Again, I think you mis understood when I said "trading by appointment only" go back and read those posts again.
Here's what I meant, as you should know by now, FNLH was trading very actively as it seemed like it was under accumulation where in the past it went days without trading or "trading by appointment" if you will.
Go check the past 3-6 months trading activity and you'll see days where it hardly traded.
Do you understand now what I meant???????
Denny,
Your putting the "cart before the horse here" I honestly don't have the answer to that. However, the fact that Bob has signed off his company to somebody is a the VERY FIRST step in the whole process.
Let's wait and see what unfolds between now and the SEC due date of July 26th.
How's life in Boringzzzzz Oregon treating you?? I may be coming to Portland soon on business, any chance we can meet??
Denny, my friend from Boringzzzz Oregon, lol
Why do you keep bringing up PPS or Petry Power Systems?? This has nothing to do with PPS. Were talking about the FNLH shell here.
As a shell it could be attractive to the right private company because of the tax loss that it has on the books.
Are you not reading all of Teffy's posts on here??
GREEDY
You have a habit of stretching things out of proportion when you say something like:
"it seems like asking if a half dozen guys were given 5 gallon buckets on the Titanic could they have saved the sinking ship?"
That's stretching a bit don't you think? Saving the Titanic was an immpossible task when on the other hand, saving FNLH is a matter of submitting financials of which 3 years are already done. YES still diffiuclt but NOT IMPOSSIBLE!!
GLTA!!
CONGRATS TEFFY!!
I'm not surprised that Bob has accepted the deal.
Your doing a GREAT JOB KEEP UP THE GOOD WORK PAL!
I just sent the FAT LADY home as I think she may not be singing any time soon!! GiddyUP!
GLTA!!
TEFFY
NOT worried about Vegas just yet as #1 priority is getting this back up and running but it would be nice to meet you there with HammerHEAD to celebrate right??
GREEDY,
******IF****** what your saying is correct, that is that the SEC would not look at any new proposal without the financials being up to date, that would NOT BE A PROBLEM as the 2004-2006 are done but havent been submitted *yet*.
What's left would be the 2007-2009 and 1 quarter of 2010 to be completed.
Considering that FNLH has had NO TRANSACTIONS that should not take too long to complete.
Where's there's a will there's a way and we WILL FIND A WAY to get this back up and running.
Go TEFFY go!!
FMSAX
NO doubt that FNLH has some small debts but they also have a $9 MILLION PLUS TAX LOSS that would be very attractive for a company trying to take over the shell especially a company that has revenue.
OK, The Weaver
Sign on the dotted line below:
------------------------------
The Weaver NEW CEO of FNLH
FMSAX
That is true, but, he has more reasons for wanting to wash his hands of FNLH.
I think the plan that Teffy laid out will work because I know Bob is very eager to work a reasonable deal that would take him off as CEO of FNLH and bring in new management with a new business into the FNLH shell.
Go Teffy Go..Get it done pal..
TEFFY!!
EXCELLENT PLAN and I think it can happen because I know that Bob wants to move on with his life WITHOUT FNLH, that I know for sure.
Keep up the GOOD WORK PAL!! WE may just meet in Vegas soon to celebrate!!
Please keep me posted
GLTA!!
YOU GUYS are barking up the wrong tree,
GOOD LUCK with any lawsuit lol.
I STAND TO BE CORRECTED!!
Thinking back I believe that 3 years of unaduited financials were completed and awaiting auditor sign off. If I recall correctly, the years were 2004-2006. IMO of course
GLTA
EXACTLY MY POINT..
I can count on one hand the number of transactions that were done by FNLH since 2006 and have FINGERS LEFT OVER!!!.
So having said that, it wont cost much nor will it take too much time to complete the financials.
GOOD LUCK TO ALL!!
JANICE
THANK YOU I rest my case..lol
GLTA!!!
JANICE
Of course only things that are CERTAIN in life are DEATH & TAXES.
Yes I AGREE it may be suspended longer while it brings it's filings up to date but once that's done, then the company becomes a FULLY REPORTING ISSUER and that STOP SIGN disappers and thus it could even open up on the PINKS at even higher prices then it was before the halt.
Your Thoughts..??
Hey GreedyMaloneSKI
I don't know how you come up with 6 years of filings. From what I am told, they are 4 or 5 max years behind and they claim to have 2-3 years completed. So get the facts right cowboy!!!
IF they can file those 2-3 years that are completed I am CERTAIN that the SEC will give them an extentsion of 30-90 days or so to file the remaining years, capish?
GLTA as this is far from over!! IMO of course
Let's hope for your sake that the FAT LADY doesn't have to use the washroom anytime soon..lol
GLTA!!
YOU GUYS LAUGH NOW..
The FAT LADY AND I WILL LAUGH LATER!! lol
GLTA!!
HammerHEAD
Welcome back as an assistant mod, it brings back fond memories of days gone by. Let's make it happen this time around pal.
GLTA!!
I'll say this again..
"It Ain't Over Till The Fat Lady Sings", and so far she's not even close to being in the bldg.
Stay Tuned..
JANICE,
Are you telling us that even **IF** FNLH files ALL their financials within by July 26th, it still won't start trading on the PINKS??
I know it's a BIG IF but miracles do happen. I hope Bob is realizing just how serious this is for his shareholders as well as himself as he owns some 46 million shares.
I would like to think that if FNLH submits the 2-3 years of financials that they claim are completed, the SEC would give them 6 months extension or so to complete the 1-2 remaining years of financials right amd the stock could resume trading on the Pinks.
This is what someone told me that has dealt with the SEC on other companies that were halted for the same reason, that is, failure to file financials.
Your thoughts please..
Waninga!!
WELL SAID..THANK YOU!!
Durkkdigger
Well said, I agree with you 100%. It's just night right that the SEC does not issue a warning about the possibilty of a halt to allow shareholders a chance to take action on their investment decisions.
GRAY MARKET?
I've been in and out of TRGD "Tara Gold" over the past 3 years. The stock was halted in early May for the same reason as FNLH, failure to file several years of financials.
It was trading at .50 when it was halted in early May. It opened up on the GRAYS at .35 and it closed today at .51 range.
My point is, that not all stocks drop drastically when they go on the GRAY market, they may drop on the first few days of trading but can rebound back to near the price or maybe even a little prior to the halt.
I still think that if Bob and his lawyer can get those financials completed within the July 26th deadline, the stock will resume trading. I know it may be almost an impossible task but I'm lead to beleive that they have 2-3 years completed and need to pay the remaining bill before the auditor files the financials.
Remember "It Ain't Over Till The Fat Lady Sings and as of now, she's not even in the building".
StockBULLY
I have no idea what it would cost nor do I know how long it would take but remember, apparently 2-3 years are completed and will be released by the auditor if Bob can pay off the remaining $15k or so that he owes the auditor.
So if that happenes, it will most certainly reduce the cost and time involved to complete the remaining 1-2 years don't you think?
All IMO of course