No one calls him out on it. He said adamently that "who ever says you can't halt and reset is a liar". But then he doesn't do what he said. Go figure.

lol. I know what you're saying. It's 100% accurate. I just went through this same scenario with ECFL folks. It was just a forward split and no one seemed to understand how it worked, if it was dividend or not. Bla bla bla.

The OTCBB treats splits as dividends. And yes, a company has to file with NASDAQ 10 days prior. Somehow, Rufus is sort of saying this but in a convoluted way. It's not a dividend and it's not a forward split. lol

I've only caught the tail end with Rufus and the summation by Simon. They're streaming it right now (I believe) but I don't think Rufus is on yet.

From what I heard, he said the halt and reset wasn't in the best interest of shareholders. The problem is that you can't halt an otcbb stock nor reset the pps (like he used to say way back when). So he lived up to his obligation by doing this share distribution/reorganization without doing a halt and pps reset.

Rufus realized that he couldn't halt or reset. He made up an excuse last night but we know he's just FOS. If it does halt, it won't be good. glty

It's trading now, btw.

Of course. They filed. Delinquent for a day only.

Not that I can see. I was hoping for more clarification in the 10K but it was just the 8KA all over again, which doesn't tell you anything.

Yes. Rufus screwed the math up in the filing.

Splts and dividends reduce pps.

No, what?

The OTCBB & Pinksheets treat splits as dividends. All this is is a forward split, 6 for 1. The share price then gets divided by 6. So you'll have more shares but your value will still be the same.

And the dates are meaningless. You can buy the day before and still receive the shares.

That concept is too abstract for these guys. Even now they still think they're getting a deal.

lol. Not at all. Please enlighten me on how i've been wrong. tia

The shares are the "reset". You didn't gain a thing except now the o/s will increase 6 fold.

Reset? lol. Try again.

They're not going to the big board, lmao. Rufus lied about that too. They're not even close to qualifying nor will Nasdaq allow them.

Exactly. Rufus has lied for months and continues to do so. Some, for lack of intelligence, continue to believe his bs. It's amazing to believe and make a case for that creep.

$1.82 and the floor will drop out, imo.

Tanking bad. Look out below! lol

Falling hard! Believers need to hold or buy more! (just kidding)

$1.87

Ouch, $1.91

No, you still don't get it. Figure it out. I don't care, lol!

$1.97 actually.

$2.00 and dropping. eom

It means you got had, lol.

No they didn't. They said reset. They did the exact opposite and fooled you all.

Major tanking. Most of these guys still don't get it. But oh well. The stock's dropping for a reason now.

LOL. Rufus lied again! No real reset just fluff.

Effectively, you're getting nothing. What you have is what you'll have. If you're negative, you'll stay that way.

No, you just don't get it. Buy more stock.

Rufus just screwed longs over and they still don't get it. Ughhhh!!!!

Get a clue.

Basically, it means you're getting nothing. No reset, just fluff.

Stock equivalent! Don't you people get it? Rufus LIED!

You're still clueless. It's funny watching. Most of you still have no idea. Enjoy your "investment".

rotflmao. How predictable was that??!??? No reset!

The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 30, 2006 10 business days from the filing of this form 10-KSB. The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 30, 2006 (x) minus Actual Closing Price on October 30, 2006) (15 / X - X).

It is! What a joke!!! rotflmao.

OT: You can't move a classic like that. I'm still hoping some big money moves in and preserves it the way it is.

Yes, it's unbelievable!

US Securities and Exchange Commission 10-K

No matching filings

Sorry, just having some fun waiting for this document!

lol. No cindy-yoo-hoo from hoo-ville.