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Are there still about 240 million shares outstanding? Market cap around $15 million here?
MDBX on Drudge.
http://www.drudgereport.com/. Left hand column. links to this:
http://www.10news.com/news/company-hopes-to-bring-30-marijuana-dispensing-machines-to-san-diego
Aha! That makes sense now. Ya, this one is a box job.
Please define 'boxjob' . Thanks.
New 8k today
Southern USA Resources Inc., a Delaware corporation (the "Company"), has encountered difficulties in its gold production process. Specifically, based on measurement of gold bearing ore going into and coming out of its production equipment, gold that is present is not being captured in the process in sufficient quantity. The Company has therefore decided to temporarily cease its production activities until it can make the necessary adjustments to its processes and equipment, and/or add additional equipment, which it believes will allow it to produce commercially viable quantities of gold. The Company is interviewing mining industry professionals to assist it in revising its plan for gold recovery.
As a result of the cessation of production activities, the Company has temporarily laid off five production workers and its only remaining employees are its CEO, Charles Merchant, and Director of Operations, Roger W. Szelmeczka.
As a result of the foregoing developments, any revenue forecasts can no longer be relied upon.
Item 8.01. Other Events.
The Company has been made aware of certain promotion materials that were distributed by Rising Stock Advisor which make various statements about the Company, its operations, valuation and stock. The Company had no role in preparing such materials, did not pay for them and was unaware that these materials had been prepared. The Company has obtained a copy of these materials on the internet and based on its review, these materials should not be relied upon.
The Company and its board of directors continue to believe in its business and that there is commercially recoverable gold on its property. The Company plans to continue its efforts to improve its production processes with the goal of commercial gold production.
How old is Vince?
How do you figure the story is just getting started?
The address of the reverse merger target, North South Holdings, Inc., appears to be an apartment in Brooklyn.
The majority owners of the shell (SPEX) are Iroquois and and Hudson Bay, both of New York and both toxic (imo) financiers.
I see no detail on patents to be acquired. It's a low float toy aided and abetted by these 'funds'.
On average, mailer stocks lose 90% of their share price within 6 months.
MNOV up 50% today on announcement of Fast Track status.
SAN DIEGO, Feb. 25, 2013 (GLOBE NEWSWIRE) -- MediciNova, Inc., a biopharmaceutical company that is publicly traded on the NASDAQ Global Market (MNOV) and the Jasdaq Market of the Osaka Securities Exchange (Code Number: 4875), today announced that it has received Fast Track designation from the U.S. Food and Drug Administration (FDA) for MN-166 (ibudilast) for the treatment of methamphetamine dependence. Fast Track is a process designed to facilitate the development and expedite the review of drugs that are intended to treat serious diseases and have the potential to fill an unmet medical need. An important feature of the FDA's Fast Track program is that it emphasizes early and frequent communication between the FDA and the sponsor throughout the entire drug development and review process to improve the efficiency of product development. Accordingly, Fast Track status can potentially lead to a shortened timeline to ultimate drug approval.
That's exactly how mine reads. I was suprised to receive it at this stage of the pump game.
Received a new large format hard mailer on ECAU today. Disclaimer says $2.4mm budget. Was it just lost in the mail for a while, or is a new mailer being distributed?
Lol. Ok. Then statistical analysis says I should take that bet!
Even then I'm afraid.
Are you really a principal of the company posting on a public message board? If so, is not your attorney having a fit? There is only downside for so doing.
How many pennies do you own?
GNIN dumped today. Is it because of those Mueller posts? Cockroaches scurrying when the lights go on?
MJNA just out with some huge guidance. Who knows, maybe this is the one!
Re-posted here for safekeeping. Please pardon the interruption.
GNIN and Bank Gutenberg AG Stock Fraud in the USA
My name is Rupert Muller from the town of Roll, Bavaria.
I have come into information that may be pertinent to you as it relates to Green Innovations, Ltd. (GNIN) a USA orchestrated Stock Scam. The group behind this fraud are the same group that orchestrated: PUNL, IDNG, and others.
They operate a scam under the following websites:
http://www.brightonmarkets.com
http://www.equityleader.com
http://equitymarketsinc.net
http://globalequityalert.com
http://www.marketfoundations.com
http://www.breakoutfinder.net
http://www.risingsunreport.com
http://worldstreetfundamentals.com
http://www.marketfoundations.com/
http://nationaltradersassociation.org/
Read these two links to see first hand accounts of investors being scammed by this outfit:
http://www.ivetriedthat.com/2012/10/31/pump-and-dump-stock-scam-alert-bollinger-report/
http://800notes.com/Phone.aspx/1-646-389-1924
The way this group works is by operating phone rooms where high pressured sales tactics are used to place phone calls to investors referring them to the following websites. The phone calls are followed by emails sent to potential investors daily. In all cases the company that is being promoted is of no value and the group controls the trading through manipulative methods.
Members of the group are of Canadian origin but have relocated offshore for the purpose of engaging in these schemes. The group is served by Gutenberg Bank AG in Zurich, specifically Daniel Weinmann, Marc Peter, and Maria Zaffaroni. The group proceeds to setup a BVI or Panamanian Corporation with a Trustee (making the ultimate beneficial owner anonymous). That corporation then sets up a bank account with Gutenberg in Zurich. The group then arranges for free trading share certificates to be sent from the transfer agent of the company to the Bank and sign the back of the certificates allowing the Bank to deposit the shares into their global custody account.
Gutenberg maintains whats known as a Custody account with a large US Institution. This allows the group to skirt the DTC chills and various enforcement mechanisms in place. By depositing the shares with such a large custodian they come across as legitimate and do not set off any alarm bells at DTC.
Additionally, Gutenberg under the instructions of its clients opens what are known as Delivery vs. Payment (DVP) accounts at the following US Brokerage Houses:
1) The Vertical Group
2) Finance 500 Inc.
3) Spartan Securities
4) Agis Capital
5) Vandham Securities
6) Ascendiant Capital
The multiple accounts are integral to the scheme as it allows the Bank to circumvent US securities regulations when they deposit over 5% of an issuers shares. In all cases these frauds are orchestrated with complete control of the freely trading shares. Gutenberg also facilitates the manipulative trading that allows the group to maintain control of the stock fraud while it is being promoted through the phone rooms and emails. By maintaining separate DVP accounts Gutenberg can have different brokerage houses on the bid or ask as the brokers (wink wink) don't really know what they are doing. This gives the brokers whats known as plausible deniability when regulators come in after the dump and ask "what were you doing there? to which the answer is undoubtedly: "I was just taking DVP orders".
By doing it this way Gutenberg allows the group like to sell shares through The Vertical Group and buy shares through Finance 500 (at the same time) in direct violation of section 10b5 of the US securities regulations.
The individual who acts as an intermediary between the group and the US brokers is Daniel Weinmann - Head of "Trading" for Bank Gutenberg in Zurich.
http://ch.linkedin.com/pub/daniel-weinmann/32/428/791/en
Weinmann is fully aware of what he is doing and that these activities are illegitimate. As a matter of fact there are certain elements of Bank Gutenberg which indicate that the entire bank has been setup in order to orchestrate these types of frauds while shielding the identifies of the various fraudulent groups involved.
Visiting the Gutenberg website we see some unusual services provided to clients:
http://www.bankgutenberg.ch/en-gb/services/private-clients/trading.aspx
These are very unusual services for a tiny bank (CHF~46 mln in Equity Capital and CHF~100 mln in deposits)
The first sentence states "access to OTC Markets" - Why must one travel all the way to Zurich, Switzerland to access US OTC Markets?
The third sentence states: a "Night Desk to trade North American securities" - Why does such a small bank with only 100 mln in deposits need a dedicated night desk to trade North American securities? surely if legitimate exchange listed securities are being traded then they could setup an electronic pipe to one of the main banks. Why is so much care required?
The answer is that Bank Gutenberg's desk has become a sophisticated operation that allows groups like the Canadians behind GNIN to deposit and liquidate US OTC share scams and then move the illicit proceeds out once they are done.
Gutenberg's public financial disclosure brings to light even more questions: http://www.bankgutenberg.ch/media/39101/cat%20group%20ag%20annual%20report%202011_e.pdf
Page 8: Balance Sheet - A bank balance sheet consisting only of cash and liquid investments is rarely seen in the industry and makes little sense. A Bank is supposed to attract deposits and lend them out for a fee. Not is the case with Gutenberg.
Page 9: Having nearly no earning assets does not appear to be a requisite for Gutenberg to earn 60-70% returns on its capital. Income being derived from Trading Commission and Securities Transactions: $27 Million Dollars in 2011 and almost $30 million in 2010. This represents a return on equity for Bank Gutenberg of 60% in 2011 and 70% in 2010 respectively. In other words Gutenberg is the most profitable bank in the world on an return on equity basis. Moreover Gutenberg paid out $15 million in each of those years (nearly 100% of the net income) to its 19 employees.
As yourself how a little bank in Switzerland with only $47 million in capital and only 19 employees can be generating so much in trading commissions.
Weinmann is the man that stays up late in Zurich in order to manipulate OTC stocks on behalf of its clients, under the "protection of swiss bank secrecy" and I believe he is the man that is earning the lions share of that $15 million a year in compensation.
This information along with other key information I did not disclose here has been forwarded two weeks ago to the FBI, Department of Justice, US SEC, Bafin, SFBC, DTC, and the US brokerage houses compliance operations. As such I believe some action is being taken in short-order.
The estimates of total funds stolen from investors exceeds $300 mln over the past 5 years.
Signed,
Rupert Muller
Michael Llamas still listed as director. http://www.otcmarkets.com/stock/MJNA/company-info
Maybe management is too stoned to take care of business.
So there are around 900 million shares outstanding now?
"Our Chief Executive Officer and sole member of our Board of Directors, Michael Mona, Jr., owns and/or controls approximately 37,337,000 shares of common stock of Medical Marijuana, Inc., which represents approximately 4% of the issued and outstanding shares of the capital stock of Medical Marijuana, Inc. as of February 11, 2013."
Which information in report is false?
Do the people mentioned have the criminal records as stated in article?
Thank you.
I'm a stickler for grammar and such, but I must say that's a great reply.
How does one find this good work on Twitter? TIA.
Albania real estate is HOT! This is the only way to get some.
Is that from Comedy Central?
What would the cost of this SRPT drug be? I read upwards of $300,000 per year, indefinitely. Who would be paying this?
Does our new health care regimen place limitations on coverage for life sustaining drugs?
Horrible deal for shareholders and establishes value securely at $2.00. Only thing keeping price up is the low float, which will soon be resolved.
BTW, love your profile. "Person I'd Like to Meet great-great grandkids"
we can certainly agree on that!
Jim:
Chiming in on PATH. Did you not see the financing news yesterday?
Distilling it down, the company sold 14 million shares for $28 million, and also issued an additional 14 million warrants exercisable at $2.00.
So that amounts to 28 million new shares at $2.00.
As of August 18, company had 14.8mm shares outstanding. So they just sold 2/3 of the company for $2.00 per share. When these shares are registered it will be a heavy weight on PATH's share price.
Peter
Reverse merger on August 31. Now an online ad company with 13 employees and 17mm shares. No financials available thus far.
Seems likely that Bronson paid for a lot of promotion.
10Q released today shows $19 of revenue for the quarter. Doesn't mention how many cents.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
EFFECTIVENESS ORDER
Final Effectiveness/Disposition Date: 2012-07-06
Form: S-1
CIK: 0001497253
Company Name: ORGANOVO HOLDINGS, INC.
File Number: 333-182101
Well, even I bought some shares today. And I'm the one who was saying it was a short a few months back.
ONVO prospectus for 32 million shares filed. Are these shares about to hit the market? Will ONVO be driven back down to $1?
There is a preliminary registration filing for at least 15 million shares. Not yet effective.
Pinochle - the uppermost
Can you prove it was human?