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The mailer says they were not paid in shares or cash. Which is hard to believe, I grant you.
Did anyone else receive a hard mailer featuring BIZM? It states that no compensation was paid by the company or any third party. That would be very unusual.
http://www.gfiz.com/
This is the outfit that published the mailer.
Judging by the ratio of yesterday's posting volume to today's, most posters are not paid to post on weekends
STTX moving up quite a bit this week on no news.
Does that particular mailer make POLR different from scores of other mailer stocks?
Any theories on why the SEC singled out POLR for attention?
There is an explanation for LOTE. We just don't know what it is. But some people do know, and hopefully it will all come out one day many years from now.
Ditto to that!
If there is secret info........ it's likely a private placement at $3 per share. Company would be well-advised to take the free money quick.
May I ask why you bought this stock? I am sincerely curious. Thanks.
Is it a known fact as to who the individuals are that comprise APS? Or is it still conjecture?
If naked shorting was allowed then there would be no short squeeze artificially inflating the share price. The higher it went the more selling pressure would occur.
The restriction on shorting enables the criminal manipulators to be the sole sellers of the stock, and thus can easily manipulate the price.
At first there were no shares available to short of LOTE when the hard mailer was distributed and the share price rose. Then a week or so ago suddenly plenty were available when stock was in the $2's. Then just as suddenly the borrow dried up and the forced buyins began.
It's clear to me that the stock was tightly held. Shares were made borrow-able and then withdrawn, producing a short squeeze for the benefit of the insiders, who remain unknown.
It is very clearly market manipulation and a wonderfully executed criminal plan. I'm seeing Brad and Angelina as the criminal heroes who use the money to save an unspoilt aboriginal culture in Papua New Guinea.
Might be a very inexpensive way to live in Finland. The cells look nicer than many a hostel I stayed in back in the day.
I'm really curious what Finnish prisons are like. Saunas?
http://www.nytimes.com/2003/01/02/international/europe/02FINL.html?pagewanted=all
There's plenty of risk because the promoters are manipulating the share price and orchestrating forced buy-ins. They've already made a fortune off the shorts and could make still more.
I forget, does OCTX have an actual business or is it only a vehicle for trading stock and not the valuation thereof?
Is the SEC on vacation this month?
My gosh, the scams are just running rampant. There's no fear anymore.
Someone should maybe stop by DC and check that everyone is OK at the SEC offices.
Yes, but what is the market cap of MDBX here. $450 million? That's a lot of money for a company at this stage and with all the risks and uncertainties.
Hard to believe actual long-term investors are buying it at this valuation.
Vincent Chase lol. Someone has a good sense of humor at least.
http://www.imdb.com/character/ch0014182/
Ditto that question, and doubly so today.
That's a lot of thoughts!
Seriously, $7? I'm paying almost $300 per day (for my entire short portfolio) at IB. You must be in shorts with high float.
I just like the part of admitting perpetrating scams.
And good use of words - even spelled correctly. Exceptional performance!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85759885
"I admit to having perpetrated scams in the past. They were perfectly legal, by-the-way, but that doesn't mean it was right to do them. The rest was self-explanatory. I have no position in this stock. I'm warning people as a way of making up for my previous deceptions. My point was that it's very easy for me to spot a scam, because I've scammed people before. And GNIN IS A SCAM!"
During November and December 2012, the Company entered into private placements for shares of the Company’s common stock. The shares were sold at a purchase price of $.70 per share. Through December 31, 2012, 7,942,858 shares were sold raising $5,560,000.
We had 101,750,842 shares of common stock outstanding as of the close of business on March 14, 2013.
According to the filings, no one but Mr. Walchuk holds more than 5% of the stock.
The pre reverse merger 259,500 shares are ostensibly in the float, which is 32 million shares after the split. Somehow I doubt this. I wonder if certain owners or their affiliates are not being 100% forthcoming about their holdings.
Check out Mr. Walchuk's new company, American Graphite. AGIN
OK, I found it.
The Reporting Person gifted a total of 120,000 shares to four unrelated companies, each receiving 30,000 shares.
That was prior to 1:125 split.
Conveniently, 30,000 shares was about 4.9% of the total outstanding.
Can someone help me understand how Walchuk went from owning 45 million shares on July 18, 2012 to 30 million shares on December 24, 2012? I must have overlooked a filing.
http://www.newamericaenergycorp.com/
NECA
Since March 14, 2007, Mr. Walchuk has acted as the director, President and CEO of Viosolar Inc., a company engaged in the construction, management and operation of solar parks in Greece and throughout other South and South Eastern European Union countries as well as the President and CEO of New America Energy Corp, (NECA) a company engaged in Lithium exploration in Nevada
Common Stock - 300,000,000 authorized and 243,468,641 outstanding at September 30, 2012
Preferred Stock - 30,000,000 authorized and 1,460,000 outstanding at September 30, 2012.
However, a table in the September 30 financials shows 6,860,000 preferred outstanding. Don't know what the preferred's terms might be.
Maybe they do dental work for SEC employees.
What has taken me forever to understand is that the stories scammy companies tell don't have to make sense or be convincing to most people. They need only fool a small percentage of the people who hear their story in order for the effort to be worthwhile.
It's like a mailer. If only 1% of recipients end up buying stock, that's enough.
This explains why all the short bashing. It doesn't make sense except to the people who are already buying the stock, and those are the only people the scammers care about.
I'm probably the last person to finally understand this.
What I don't understand is how Ironridge will get cash for those shares if they are not registered.
Looks to me like 8,850,000 shares to settle debt of $1,017,744. That's about $0.115 per share. Was the company unable to sell shares for cash at a price above that?
Interesting that Ironridge does not require that the shares be registered. I don't understand how they will get paid.
http://www.ironridgeglobal.com/life-program/
The Order and the Stipulation for Settlement of Claims, dated March 6, 2013, between the Company and Ironridge (the “Stipulation”), provides for the full and final settlement of Ironridge’s $1,017,744 claim against the Company (the “Claim Amount”) in connection with past due amounts owed to various creditors in connection with trade payables, the purchase of property and equipment, prior credit agreements, and attorney fees, which Ironridge purchased from such third parties pursuant to a Receivable Purchase Agreement, dated on or around March 5, 2013 (the “Claim”).
Pursuant to the terms of the Order and the Stipulation, the Company was required to issue and deliver to Ironridge 8,850,000 shares of the Company’s common stock (the “Initial Issuance”, which shares were issued to Ironridge and its assigns between March 7-8, 2013, the “Issuance Date”), par value $0.001 per share (the “Common Stock”) of the Company, in settlement of the Claim which shares are subject to adjustment provided below
Is anyone here willing to help me understand how this works?
http://www.ironridgeglobal.com/life-program/
They acquired and forgave $1 million of JAMN debt today in exchange for 9 million common.
Here's the part I don't understand:
We will pay a company’s creditors in cash, in exchange for an assignment of their accounts, and then agree with the Company to satisfy its payables for common stock. No registration statement is required, and there are no registration rights.
That figure is almost six months old so I'm wondering if it has changed.