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Promotion budget appears limited: "IGNT: Small Cap Voice received eight hundred dollars from the company on 7-24-12 for 30 days of audio interview service."
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I may have been mistaken regarding the Fahman Empire. I thought the series of dividends coughed up by the Phi Group were in general worthless, but apparently at one point the Phi Group had 30 million shares of ACT Technologies which eventually became EBIG. 20 million of these were presumably distributed to PHIL shareholders some time ago (I believe its ticker at the time was PRVH). EBIG's original registration filing and a couple of 10Ks note that the Phi Group continued to hold 10 million shares, but that does not seem to be the case any longer. Is there anyone here who received EBIG shares as a dividend from PRVH?
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There is some discussion of this subject, and the conference call in general, on the Yahoo board for EBIG. I am certainly not suggesting that it is all fact there, simply pointing out that it exists.
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I'd like to include you in my upcoming book, 'Red Stains on the Pink Sheets'. Please explain why you bought 4.2 Million shares and *then* decided to determine if the company was legit or not.
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I missed what was sure a riveting and uplifting conference call. What explanation, if any, was provided for the stunning lack of volume of Wonder during its first week of 'trading'?
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Curious thing about the amended filing. The previous incarnation was for 300K shares on behalf of Eastbridge. This filing removes that and instead has 195K shares on behalf of various folks. While that is somewhat interesting, I find these even more so:
What is this nonsense? The form indicates a transaction code of 'P' which is an open market or private purchase, of some 1+ million shares. Ain't no data to support volume like that in the open market, and there were less than 1 Million shares outstanding beforehand. So where did these shares come from? And where's the missing 10-Q? And what about the Stem Cells?!?!? Good grief. LOL!
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What jumped out at me was this statement from the litigation release: "...to encourage people to buy, hold, and accumulate Cascadia and Green Oasis stock..."
What's the difference between 'buy and hold' and 'accumulate' other than the fact that if you do the former more than once you get the latter? LOL!
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What happened to Pointe91 and Philand Ranch? It's hard to keep track of who's doing what in the empire here, but wasn't it a year ago we saw pictures of Henry digging in the ground with a shovel?
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This statement from the brochure is just too funny:
I actually tried to buy some of this. Fidelity would not accept an online trade, said no prior trade price was available. LOL!
If I squint really hard at the disclaimer section of the pdf ( http://www.otcfn.com/ignt/ignt-report.pdf ) it appears they were paid 12 million restricted shares. Shares of what? Assuming they are shares of IGNT, that's quite a hunk of shares. PinkSheets.com reports "Shares Outstanding 74,478,232 a/o Jun 18, 2012"
12 million of 74.5 million is some 16 percent. Shouldn't that require an SEC filing?
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Maybe the SEC is stepping up their enforcement, along the lines of Stuxnet, or Flame..
I note with some interest the old stockpatrol article on Grem USA has some names in common with this list.
http://www.stockpatrol.com/article/key/updatre_grem406
I had a great time just going back through the series of reports they did on the various components. LOL!
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Still operating versus not still operating. For CATA, how could you tell the difference?
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eConnect managed to return from suspension in 2000. In fact, it was suspended again in 2002, and I believe it returned from that as well.
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Please share with the board what you have learned from this stock. I know I'd like to know. If I deem it worthy, I may include it in the book I'm considering writing. Working title: "Red Stains on the Pink Sheets".
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The Pittsburgh Post-Gazette is quick to pick up on their guy:
http://www.post-gazette.com/stories/local/region/man-charged-in-optimized-transportation-management-securities-fraud-case-638926/
Man charged in Optimized Transportation Management securities-fraud case
June 4, 2012 4:33 pm
By Rich Lord / Pittsburgh Post-Gazette
A Pittsburgh-area man was among three charged criminally in Florida in securities fraud, and made his initial appearance at the U.S. Courthouse today.
Kevin P. Brennan, 60, whose address was not immediately available, was the chief executive officer of Optimized Transportation Management, which operated out of a Gulf Tower office until it was dissolved last month.
Mr. Brennan, Donald Huggins, 64, of St. Petersburg, Fla., and Marc Seaver, 50, of Tiburon, Calif., "are charged with engaging in a scheme to manipulate the publicly quoted share price and trading volume" of the firm's stock, according to a press release from Wilfredo A. Ferrer, the U.S. Attorney for the Southern District of Florida.
Details of the charge were not immediately available.
Mr. Brennan appeared before U.S. Magistrate Judge Lisa Pupo Lenihan to hear the reading of charges, two counts of securities fraud and one count of conspiracy to commit securities fraud, both in early 2010.
He was arrested this morning and released this afternoon on $50,000 unsecured bond. He declined comment upon leaving the courtroom.
Mr. Brennan told Judge Lenihan that he hopes to continue to live and work in western Pennsylvania and travel to Florida for court hearings.
Rich Lord: rlord@post-gazette.com or 412-263-1542.
First Published June 4, 2012 4:32 pm
IPO? You make it sound as if there is a road show, and underwriters setting the price, and some company bigwig ringing the bell at NASDAQ. I don't think the reality is anything like that. Wonder had a registration statement declared effective last year some time, and is attempting (I think) to get a market maker on board and trade on the OTC-BB. At what price I have no idea, but reading Wonder's last 10-K they quote all the 'penny-stock' stuff.
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Curious I could find no mention of Wonder in the most recent 10-Q for EBIG. There is a mention of Tsingda but it is unclear from the filing that EBIG has 1.2 Million shares. But if you heard it in the CC it must be true. Did the CC also state that EBIG owns 3.4 million shares of Wonder, or are you basing that on past info? And didn't all you hapless shareholders get a distribution of Tsingda and Wonder shares even if they are not tradeable yet?
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That is funny, but I believe you are basing your calculation on the last report of outstanding shares, which, because of the unfiled 10-Q, we really don't know how accurate that is, now do we?
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That post is sticky-worthy for sure, but I doubt it will do any good for the hapless souls posting here. LOL!
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This post needs to be stickied. It is just unbelievable! LOL! I think I'm going to write a book on the psychology of the hapless penny stock player. I plan to title it Red Stains on the Pink Sheets, or something like that. I may have gotten the idea for the title from another penny stock scammer, but I'll give him credit if the book ever gets published.
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Just having some food and learning about CATA. Or PHIL. Same lesson plan.
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Your link is out of date. They are current according to the Nevada SOS:
http://nvsos.gov/sosentitysearch/CorpSearch.aspx
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NT-10Q filed today. Not much of a surprise there, they haven't been able to file the previous 10-K either. Curiously, though, today's doc says this:
I feel so bad. Seriously. You have truly unearthed my real motive, which is, as you say, a 'twisted sense of recreation'. Nonetheless, I will attempt to answer your question. I absolutely do not use any of you hapless souls for any DD whatsoever. All of that I perform myself. For example, I believe you have spouted off about the 'patents' that CATA owns. Or controls. Or licenses. Or some such thing. Well, I have researched this a bit myself, and it appears there are none. Zero. Nada. Zilch. But I will admit it is possible, even for the omniscient mythical phenix, to have missed something. So tell me, what patents, exactly, does CATA have? Or have you ignored me already?
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Actually, I am keenly interested in the financing details. From reading other helpful posts on the board, I understand this financing to be 'dilution free'. In fact, one poster has gone so far as to suggest other parties will pony up some $12 million to construct various facilities (you know, steel, concrete, electronics, office furniture, etc) in exchange for the use of CATA's proprietary process, which is so novel that it must be kept secret so as not to give any competitors any heads-up. Or something like that. I do like the secret part.
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Dude, puhleeze! Of the two 'stickies', one is a link to the Laos Minerals deal which has already been called off. The other one is just nonsense. I'm pretty sure I know what's up with Cata, but it is possible that, somehow, they did manage to license some patents. Maybe they used some of that $14 they had in the bank, or perhaps the Rerun Recovery deal somehow brought them.
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Excellent response! I consider listening to Pink Sheet CEOs talk more akin to 'drinking the kool-aid' than any actual due diligence. Nonetheless, I did grep for the word 'patent' in the recent SEC filings hoping to find a mention. Nada. Of course, we are missing the most recent, which is waaaay overdue. Maybe the next one (due in a few days) will mention the patents. In fact, the only actual descriptive text regarding CATA and patents I could find was in a paid promo put out by theotcinvestor last year. Nothing on CATA's website. Curious.
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That list is just incredible. LOL! He should have to wear a sandwich board featuring that (wouldn't need to update in real time) to accept the Abe Lincoln award.
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Patents? What patents? Can you provide a scintilla of evidence that CATA owns or licenses any patent of any kind?
This is just an unbelievable statement:
Can't argue with that:
Real thriving venture there so it seems. Already in Default status with the Nevada SOS. That might be a record for the quickest demotion...
LOL Dude! What if we called you 'totally naive' or 'completely hapless'? Seems much more accurate than 'crazy' or 'greedy'.
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Curious as to how this works out...
New annual report filing from Ingen. Gotta love the 'strong management team'. This is at the very end of the document:
Clearly, the faithful need to hear some reassuring words from their 15 million dollar man lococrab soon. The weather looks iffy on Lake Winnipesaukee today, so perhaps he's hunkered down in the yacht writing up a calming treatise for you all now. Stay patient my friends. LOL!
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Yes, I believe Mr. Olson worked himself to death attemping to 'uplist':