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Hahaha... do you know how many peeps would buy that just because of the name?
I do agree with you here... Almost seems to me like they've tried and given up.
Of course I guess they don't realize that by getting info to shareholders their pps may be higher. A higher pps may equal easier financing, but I doubt TOOLS without someone that knows the market would be able to think of that one :)
Eh, back in the day when you used to use paper certs I could see this (needing 3 day settlements). Now, everything is electronic and if your broker didn't acquire the electronic certificates, then he should be on the hook, not you. He has your money, he holds your stock. If he loans your stock out to short, should you be on the hook waiting for him to acquire to settle trades? To me it's nothing more than a keep the little guy down while we pad the guy with money's pockets a little more! Seriously, I can order from Amazon.com and receive it by morning. I can go to the ATM and withdrawal cash and it shows up on my statement immediately, why a 3 day period when everything is electronic?
The smaller guys can't jump in/out of stocks (keeps from riding waves), by the time you buy a stock and hold for 3 days, even if price was rising is usually down 20% by time you can sell. If stock is dropping and you sell, you either wait 3 days to buy back in, or cannot sell for 3 days once you do, so if it continues dropping YOU LOSE.
There is a bright side, look at how much money you're going to save!
If you really wanna throw it away, you can always send it to me and I'll decide later to either send NOTHING or send you triple the amount you give me!
Someone just took out .179 - seemed small buys did it
Should be around 500k traded today! GO ESPI
18's are where we have tons of resistance in the past... Break that and we're OFF
Someone got 'em... Already triple the 10 day moving avg and climbing. Wait til this hits everyone's scans and we get some real volume! Rocketship on the pad!
Many of us have had the same feelings in stocks where Tom Scozzafava's been involved...
You are not alone brother
Bid/Ask still creeping up! I do not think that is only the 59 boardmarks we have here today!
GO ESPI
Bid/Ask rising daily... Won't be long before people see this and decide to jump on the bandwagon!
The assets here were 2 billion, the equity was $400 million
Now you're trying to state that the FDIC would have to give $10 billion? 5 TIMES the assets? LOL
I think even $500 million is a pipe dream considering the Govt can pull any strings it wants and the sheeple of the united states believes they are watching out for us...
And just how does the OTS have the information that a Large Institutional Investor would be pulling out of UWBK?
And as far as that goes, you are talking about stockholder, correct? They had 20% of their assets in cash, 20%, the stock could have went to .0001 & they would have still had enough equity/cash to continue operations in a safe and sound matter. Now if the investor had much cash in the bank, why wasn't the public notified of this in one way or another prior to seizure (and again, how would the OTS have had this information as they are supposed to react to news, not be part of).
The FDIC is playing the smaller regional banks and closing most (especially those the OTS is overseeing) and creating many medium/large banks in return. Pretty soon you'll only have a few choices in banks, JP Morgan, Wells Fargo, Citibank, BOA, PNC, and US Bank... All the smaller ones will be gobbled up by medium sized banks and those will all have "liquidity crisis" and given to the big banks... You know, the banks that pay the salaries of our trusted SEC/FDIC officials
First Citizens already has the banks, I could not see it turning around and giving back.
I could see the govt forced to give UWBK $500+ mil to just go away quietly and eating bad loans that Citizens now has!
Wamu would have had a strong case had the attorneys actually fought for it.
I do not think you can win against large banks & govt. They pay too many people to get in the way of accepting responsibility for being wrong, even though they are quite often.
(not saying I haven't bought shares here because I have... Just waiting for the day someone proves them wrong!)
Notice all these smaller banks are being gobbled up creating larger banks who the FDIC will then sieze and sell to the "TOO BIG TO FAIL" banks?
Why should banks such as JP Morgan buy out regional banks and deal with the headaches of conversion after when the FDIC can help by creating nice large banks to sell to 'em for next to nothing? (See Washington Mutual) The FDIC is full of large banking crooks. The OTS is being dissolved anyway... What else do we need to know?
Within the past 10 days OVER 1 BILLION served and the price has dropped to lowest levels ever with extremely high volume... Do you really believe the OS should only be 1.39 billion when it's dropped like it has? You think people were buying at .0009-.0018 just to sell at .0003?
Last 30 days trades and prices
Date______Open___High___Low____Close____Volume____AdjClose
2011/02/25 0.00040 0.00040 0.00030 0.00040 11,040,000 0.00040
2011/02/24 0.00040 0.00050 0.00040 0.00040 11,771,201 0.00040
2011/02/23 0.00040 0.00050 0.00040 0.00040 36,228,830 0.00040
2011/02/22 0.00040 0.00050 0.00040 0.00040 53,839,378 0.00040
2011/02/21 NO TRADING (at least didn't drop)
2011/02/18 0.00050 0.00050 0.00030 0.00040 136,327,273 0.00040
2011/02/17 0.00040 0.00060 0.00030 0.00040 254,664,663 0.00040
2011/02/16 0.00050 0.00050 0.00030 0.00040 82,182,347 0.00040
2011/02/15 0.00090 0.00090 0.00030 0.00050 432,628,385 0.00050
2011/02/14 0.00080 0.00090 0.00060 0.00090 35,961,474 0.00090
2011/02/11 0.00060 0.00090 0.00050 0.00080 50,628,295 0.00080
2011/02/10 0.00050 0.00060 0.00050 0.00060 19,422,214 0.00060
2011/02/09 0.00040 0.00050 0.00040 0.00050 19,660,971 0.00050
2011/02/08 0.00050 0.00060 0.00040 0.00050 33,889,582 0.00050
2011/02/07 0.00050 0.00050 0.00040 0.00050 22,320,020 0.00050
2011/02/04 0.00040 0.00060 0.00030 0.00050 80,057,400 0.00050
2011/02/03 0.00050 0.00050 0.00030 0.00050 17,823,950 0.00050
2011/02/02 0.00050 0.00050 0.00040 0.00050 4,501,142 0.00050
2011/02/01 0.00050 0.00050 0.00040 0.00050 8,663,365 0.00050
2011/01/31 0.00050 0.00060 0.00040 0.00050 23,895,623 0.00050
2011/01/28 0.00050 0.00060 0.00040 0.00050 136,829,458 0.00050
2011/01/27 0.00050 0.00050 0.00040 0.00050 23,089,000 0.00050
2011/01/26 0.00050 0.00050 0.00030 0.00050 88,509,191 0.00050
2011/01/25 0.00080 0.00090 0.00050 0.00050 166,189,899 0.00050
My suggestion to him is to not sink any more money into this play and make it back using something else.
I see no reason to not hold what he has to at least try to break even on a pop, but THERE IS NO REASON to throw good money after bad into a stock that's already ripped off thousands of shareholders!
Don't you think it's kind of odd that the full float has turned over in 30 days, yet the pps has also dropped like crazy and everyone believes the CEO is supposedly reducing O/S?
If you look at the amount of shares traded those days you really can't blame OTC Reporter about the "NON PUMP" job... These guys were competing with HCKI's dilution to see who could get rid of shares first! Now, with OTC Reporter dumping immediately, do you really think that they feel this stock has a chance?
2011/02/18 0.00050 0.00050 0.00030 0.00040 136,327,273 0.00040
2011/02/17 0.00040 0.00060 0.00030 0.00040 254,664,663 0.00040
2011/02/16 0.00050 0.00050 0.00030 0.00040 82,182,347 0.00040
2011/02/15 0.00090 0.00090 0.00030 0.00050 432,628,385 0.00050
Wow... stockholder equity of $1.66/share and this is trading at .60? That's almost triple the current stock price!
I would imagine those shares would be restricted and you'd be reversed out of them before you could ever use them...
Either that or Tommy boy got smart and came up with some way to create a new share structure in which those shares given will not be commons and trading on any market! Gotta watch this sneaky bastard!
How the hell does he give out shares of other stock considering the fact that he took assets from the other shells and placed here with no consideration to those shareholders?
I'd bet money that $135k cd goes directly to Tom Scozzafava and it's probably redeemable at .0002 per share (Tom & KK's old trick where KK's wife's cd was redeemable at .001 even though the stock was trading at .05+)
The guy should be in JAIL!
Now if PINKY CEO's stole money from the MOB or the crack dealer down the street it would be a lot different. Most stock traders have careers, follow some laws, and wouldn't risk it all to beat some theiving punk
You cannot even try to tell me this is nothing but a stock selling scam. We haven't heard for months. The AS is only 950 mil shares which is low for a pinkie. This thing would be dumped on continously as well as "to the moon" News every time you turned around it would be how sales were, are, demand, etc.
The guy has a product and is trying to get it to market. I on the other hand would have went after the company using it for frozen vegetables. Either that or try to sell the co & trademark to 'em! Never know what's going to happen but I am still holding over 1.6 mil shares
Damn, they've really been busy with the dumpage here haven't they?
Not sure why color left, apparently not happy with what he was getting out of company..
I do believe the co has a sellable product, but also believe they need to be more informative with their shareholders. There is only a 950 million OS here. The company is not dumping constantly. Things aren't as bleak as they seem!
Email sent to Paul/Robert on Friday. I will let you know if/when I receive a reply!
Sad part about it is once the legacy debt was paid off, Tom probably could have openly communicated about the Co's financial situation and found investors. I'd bet there are at least 1-2 in here that would have doled up $50k + to get 'em some preferred shares had he not planned the scam from the beginning!
Big question is just 2 weeks ago HCKI trading at triple what it is now.. Where did the resistance come in at .0006 from? Where did the hundreds of millions of shares that have been dumped recently come from? Do you not question this? Just pump and hope some bagholder buys your shares for a 50% profit?
dav1234... We really don't know what those preferreds create into. If they are anything like Seaway's stock, then they convert into 80% of the Fully Diluted OS
I really hope for those involved here that Tom Scozzafava really is out, as last I read he was an advisor. I'd say the only reason someone would keep him as an advisor is to find out how to promote a mega diluting pig!
The problem is this one hasn't even been close... This stock, nor any of Tom Scozzafava's stocks have been for shareholders! Every thing this guy's touched was to take money from shareholders with no concern about shareholder wealth, only the stock intrinsic value (value in the eye of the beholder, which is TOM)
:) They know it's a scam but as long as they(pump & dump crew) tell everyone it's going to the moon and fill the forum with all kinds of unrealistic BS so they can get out with a profit! It's all that's done in a stock such as this, to fill the forum with as much pump BS material so no one knows what is really here/there, owed, etc.
There are plenty of even semi-legit companies out there that really are trying to make it! You don't have to pump a known/proven scam that just gets rinsed and repeated every year or so!
I can tell you where all of these shares are coming from!
Due to related party 9,001,519
Conversion of preferred stock - - - - 3 4,286 3 - - 3 4,289
Balance, January 1, 2009 - - - - 1 0 0 7,561,496 (5,310,871) 2,250,635
CASH FLOW FROM FINANCING ACTIVITIES:
Repayments of long term debt 113,288
Proceeds from convertible debentures 70,000
Payments on convertible debentures -
Cash Provided by Financing Activities 183,288
Common Stock – five billion (5,000,000,000) shares of $0.0001 par value Common
shares, of which approximately 2,785,843,033 are issued and outstanding;
Series A Preferred Stock – fifty million (50,000,000) shares of Series A Preferred Stock,
no par value, with one (1) share issued and outstanding; and
Series B Preferred Stock – one hundred thousand (100,000) shares of Series B Preferred
Stock, par value $0.0001, with 100,000 shares issued and outstanding.
Long term debt, net of current 1 37,288 155,765
Convertible Debentures 6 88,059 688,059
Other Liabilities 3 4,837 63,144
Due to related party 9 ,001,519 8,689,213
On April 29, 2009, the company issued Gouverneur Auto Parts and Supply, Inc. an 8% convertible debenture in principal amount for $12,500 due April 1, 2012 for $12,500 in cash proceeds. This note was repaid in full. (Isn't this Tom's Daddy - and probably gets the shares at 50% discount?)
On April 29, 2009, the company issued Massena Auto Parts Co., Inc. an 8% convertible debenture in principal amount for $12,500 due April 1, 2012 for $12,500 in cash proceeds. (Another auto parts deal as he can't get real financing)
On June 1, 2009, the company issued Gouverneur Auto Parts and Supply, Inc. an 8% convertible debenture in principal amount for $10,000 due May 31, 2012 for $10,000 in cash proceeds (And another one for ole Daddy).
As of September 30, 2010, the Company has generated revenues of $1.2 million but has incurred a net loss of approximately $1.2 million and an accumulated deficit of over $25 million. (This DOES NOT even consider the tens of millions of dollars stolen from his shareholders and backdoored to both himself and his fellow penny stock CEO buddies ).
All of those that buy shares from this guy after reading this deserve to lose your money!
You are finding some REALLY OLD STUFF...
Hacketts stores went bk and were forced to liquidate by the trustee... Tom ran the thing into the ground and made very bad choices using shareholder money to acquire a bunch of crap!
For cancellation of 1.8 billion shares there sure has been a TON of dumpage here...
Of course that "cancellation" of shares thing is an old Tommy Scozzafava trick. He announces cancellation of a billion shares to dump 2 billion then does a reverse! What a guy!
Well, if these Hedge Funds WERE trading all classes while they were also negotiating their global settlement, then at minimum they should be going for insider trading... WHERE THE HELL IS THE SEC on this?
Tom Scozzafava is involved with this shell... What did you expect? Look what he did to SEVA/HBWO shareholders!
Message in reply to:
omg, did we buy a pos or what?.........
I believe there were multiple people warning about this guy prior to your purchase
Hard to believe the SEC messes around with a company such as this due to a qualified vs non-qualified opinion of their auditor while they allow penny stock scams all over the place to take millions of investors...