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agel is being diluted by it lender NIR group who owns a death spiral convertible
they can and will sell billions of shares into the market
RUN to the hILSS!!
Clearing up some misinformation posted on IHUB
TO CNKID and others RE: Press release
I spoke with IR/ PR firm per jorge's request about the release on the snoring product. Originally jorge had intended to issue a press release on a national basis by end of this week on the actual deal. The manufacturer ordered all the components to make the stuff and is waiting on two components to make the first batches. therefore jorge wrote another shareholder letter in which he promised to get financials updates ( which he has) and
promise to issue the "SNORING" press release no later than 10-15-2009/ Once the batches are made the patent holders will review the batches so they meet or exceed the fomulation criteria. then Jorge will launch the product with both Internet marketing and media blitz.
SO far he has not LIED AT ALL!!
you can knoock the stock on other matters but his PR firm and him have met all deadlines so stop posting CRAPPY LIES!!
the stock may go down because people are impatient etc but not because JORGE is not following thru!!
usually good management makes great Companies.
I support him in his efforts and yes there are hiccups along the way
the pink sheet upgrade needs some additional documents : SO WHAT it may take a few more days but it WILL HAPPEN
no resaon to dump your position and the IR firm stated he will disclose all of september sales in a shareholder letter before 10-5-2009
can anyone here ask for more!!
as for trading I had a GTC sell order up for two days (50 million at .0005) and still no execution which is a strong indication this will go higher so i pulled some of my order!!
anyone on this Board who is a real player glad to share info
many here barely have 1000 dollars invested so i discount anything they state.. the ir /PR firm has answered several of my emails that jorge forwarded.
overall this stock has a positive twist and we need to see his monthly sales for september
something fishy in CXAC trading
yesterday I did not like the trading pattern and attempted to lighten up
I never got executed at .0005 all day on a gtC order with alot of trades at that price
something fishy here
i will leave my order all day today and report back at end of day
its a nice block that needs to get absorbed before we push thru the 5's to the 6's
never had an entire day where my pinky order was traded around// something very weird going on in last two -three days
not thrilled with the decreasing volume
watching this closely may lighten up a bit
it could test .0003 again
there were alot of sells at .0005 today!
thought pink sheet listing woould give it a boost
COPY OF OPINION AS POSTED OIN PINK SHEETS
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24501
More comfort with the CEO HE is GREAT!
just posted opinion to pink sheets today and CXAC should be cleared as top tier pinl sheet stock
looks like we go higher
glad to invest with an HONEST CEO who delivers his best week after week..this company will be fine if we all have some patience..his first two weeeks are on target
GLTA
still long 129,000,000
http://www.crossac.com/images/ShareholderUpdate_9-04-09.pdf
read it and go crazy its a big winner!!!
GO TO WEBSITE :EVERYONE NEW INFO POSTED
as Cramer says: BUY < BUY < BUY
holy cow the news from Jorge is incredible
sales figures new product info etc
GO CXAC
I am holding until next week
GLTA and BUY BUY BUY!!!
NEW FINANCIALS POSTED ON PINK SHEETS
Jorge I tip my hat to an honest CEO
he posted the 10-Q for second quarter of 2009 as promised!!
doesnt show nuch because business wasnt running but he KEPT HIS WORD
we should get top of the line pink sheet clearance any day
I am feeling great about my position and may buy more today
pasha: i am not talinh about SEC 10-Q filinfg
i am talking about Jorge telling us how many REjuvi units were sold on Internet from 9-3 thru today??
it will give us all an idea if its a hit or not
Today is the day for sales results
I hope jorge keeps his word and releases figures after close of market. How I handle my position depends on it!
i THINK WE SHOULD ALL WAIT TODAY AND HOLD UNTIL RESULTS ARE IN!!
HOPING FOR 250-300 UNITS FOR FIRST 15 DAYS OF THE PROGRAM..WOULD BE RIGHT ON TARGET
go cxac
glta
Volume for month of august just another nice piece of the puzzle
no shorting here at all
just alot of new shareholders!!
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=CXAC&SortBy=volume&Month=8-1-2009&IMAGE1.x=27&IMAGE1.y=7
long 151,000,000 million shares
bought alot over the last two days and have an average of .000297 according to my P&L
awaiting the sales results for the first 15 days of september..I am guessing they will be in line or better than expectations which is about a range of 225 -270 units per Jorge's shareholder letter.. he thinks 500 units for this month is quite attainable
stock looks poised to bump up to .0008-.0009 if he hits the mark
GLTA
My recommendation is hold until Fridays relaese and then we can march upwards again!
BRING ON THE .0004's
sold today at .0008 and .0007 and buying back at .0004
all you longs this is a trader's dream
thanks to all the weak hands should clear 20K for the day
keep it coming!!
news coming at end of week so we will accumulate down here at .0004 and .0003 etc!!
it will have another run
in order to play you need to pay!!
BRING ON THE .0004's
sold today at .0008 and .0007 and buying back at .0004
all you longs this is a trader's dream
thanks to all the weak hands should clear 20K for the day
keep it coming!!
news coming at end of week so we will accumulate down here at .0004 and .0003 etc!!
it will have another run
in order to play you need to pay!!
were buying up to 70,000,000 at .0004
plenty of support from my group
DONT PANIC
ITS JUST GOOD TRADING TO ALL THOSE cxaCER'S
HAS TO BACK AND FILL
I can account for about 50,000,000 at .0006 and .0007
should close today at .0005 -.0006
very healthy chart
end of the week is the results on sales will move again
Bashers beware !!
I have posted on the Board periodically and have openly admitted that myself and afew friends day trade this stock on each bump up..
Jorge has promised to disclose his 9-3 thru 9-18 sales figures on Friday and I am sure he will post them..it is a basic indication of how he is doing and how the Internet groups are doing.. we then can extarploate those 15 day sales ( and remember we had a holiday weekend which historically is poor for sales) and estimate what the September figure will be.. HE was hoping for 500 units and I am hoping for the same..
Further he has retained an attorney in miami to file the pink sheet data this week and get us to the highest rating.. I think that happens by Friday as well or early next week..
HE is keeping his promises
The volume is graet so many of us traders will buy and sell the longs are correct you need a base to build..nothing will go straight up .. that is very dangerous
finally he is close to announcing the other product.. that too willbe value added to teh Company
I read Gonzillee's lament and it has no muster.. yes the Comapny is a start up led by a dedicated manager who is just starting to sell his products.. I for one will keep tarding this baby because it is making me huge profits.. each time it doubles so does my account..
Many of you must understanmd that backing and filling is good for the stock My group of friends holds on any given 200-400 million shares and we do take profits..
I am not ashamed of that my point is this is a real Company and its moving in the right direction no different than AAPL or IBM just priced at a very lower margin..
100% gains is fine in any arena so do not panic when you guess why therea re sellers in the stock.. its the natural course to even bigger success as more shareholders get involved..
I think that until friday no bashing is worth JACK because we all need to see the results ..then over the weekend we can have a spirited discussion..
if the results are good I for one will lighten up again on the positive effects of the results..that is what professionals do in this business..
nice to see this baby on a good run
each level brings in new shareholders and support
with solid volume we go higher
good for long termers and day traders as well
GO CXAC!!
hopefully first 15 days of sales will give solid indication of product accepatance and INternet marketing successess
Volume is what this stock is about
its attracting new players every day/investors and day traders alike
Friday, Sept 11, 2009 0.0004 0.0005 0.0003 0.0005 300,870,176
Thursday, Sept 10, 2009 0.0004 0.0004 0.0003 0.0004 100,118,336
Wednesday, Sept 9, 2009 0.0003 0.0004 0.0003 0.0004 263,431,536
Tuesday, Sept 8, 2009 0.0004 0.0004 0.0003 0.0004 344,073,664
Friday, Sept 4, 2009 0.0003 0.0003 0.0002 0.0003 424,888,256
Thursday, Sept 3, 2009 0.0002 0.0003 0.0002 0.0003 1,175,303,040
Wednesday, Sept 2, 2009 0.0001 0.0002 0.0001 0.0002 186,061,632
Tuesday, Sept 1, 2009 0.0001 0.0002 0.0001 0.0002 177,848,944
Monday, Aug 31, 2009 0.0002 0.0002 0.0001 0.0002 127,407,216
Friday, Aug 28, 2009 0.0001 0.0002 0.0001 0.0001 1,282,645,120
with action like this it can easily go to .0008!!
more follow up on SEC investigation of the fraud:
Home | Previous Page
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20673 / August 7, 2008
SEC v. Angel Acquisition Corp., et al., Case No. SACV 08-880 JVS (ANx) (C.D. Cal.)
SEC v. Global Materials & Services, Inc., et al., Case No. SACV 08-881 DOC (RNBx) (C.D. Cal.)
SEC Charges Six Microcap Companies, Four Officers and Four Sham Consultants for Improperly Raising Capital By Abusing Form S-8
On August 6, 2008, the Securities and Exchange Commission filed two separate complaints in the U.S. District Court for the Central District of California against six microcap companies, four officers and four sham consultants for engaging in unregistered public offerings that dumped billions of shares on the market through so-called employee stock option and consulting programs.
In SEC v. Angel Acquisition Corp., et al., the Commission alleges that five companies — NW Tech Capital, Inc. (NW Tech), Marshall Holdings International, Inc. (Marshall Holdings), Angel Acquisition Corp. (AAC), Winsted Holdings, Inc. (Winsted Holdings) and Zann Corp. — violated Sections 5(a) and 5(c) of the Securities Act of 1933 (Securities Act) when they improperly registered shares issued under their employee stock option programs on Form S-8 registration statements and then received at least 85% of the proceeds from the shares' sales as payment for the options' exercise price. The Commission also alleges that Marshall Holdings' officers, Richard A. Bailey and Florian R. Ternes, and Winsted Holdings' former officer, Mark T. Ellis, violated Section 5 when they implemented and administered their companies' employee stock option programs. Form S-8 statements may be used to register shares issued to compensate employees and consultants and have abbreviated disclosure requirements as compared to statements registering shares used to raise capital. According to the complaints, however, the programs functioned as public offerings in which the companies used their employees as conduits to the market so that they could raise capital without complying with the registration provisions.
The complaints further allege that the companies' programs had features that, taken together, virtually guaranteed that the options would be exercised and the underlying shares simultaneously sold to the public at or near the time the options were granted. First, the options' exercise price, which was typically set at 85% of the sale proceeds from the options' underlying shares, floated with the market value of a company's stock at the time of exercise. Second, the options vested immediately, meaning that no conditions needed to be met before the options could be exercised. Third, a cashless exercise method was used so that the exercise price was paid from the sale proceeds of the underlying shares rather than directly by the employees. Other than opening brokerage accounts and signing blank letters of authorization, the companies' employees made no decisions regarding the options' exercise or the sale of the underlying shares during the course of the programs. The complaint seeks injunctive relief and disgorgement plus prejudgment interest. It also seeks civil penalties against Marshall Holdings, Bailey, Ternes and Ellis.
In SEC v. Global Materials & Services, Inc., et al., the Commission alleges that, Global Materials & Services, Inc. (Global Materials), and its former officer, Stephen J. Owens, violated Sections 5(a), 5(c) and 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder when they issued shares registered on Form S-8 to sham consultants, who then kicked back over 60% of the shares' sales proceeds to Owens and Owens' other businesses. The Commission also alleges that William Woo, Eric Ko, ASMAC Financial, Inc. and Edify Capital Group, Inc. aided and abetted Global Materials' fraud and violated the registration provisions in their role as sham consultants. Finally, the Commission asserts that Global Materials violated the registration provisions by implementing an employee stock option program similar to the programs described in the first complaint. The Commission seeks injunctive relief, disgorgement with prejudgment interest and, with the exception of Global Materials, civil penalties. Additionally, against Owens, it seeks an officer and director bar pursuant to Section 20(e) of the Securities Act and Section 21(d)(2) of the Exchange Act and a penny stock bar pursuant to Section 21(d)(6) of the Exchange Act. Finally, the Commission names Flinn Springs Inn, Inc. as a relief defendant and seeks to disgorge the money it received under the fraudulent kickback scheme.
NW Tech, AAC, Winsted Holdings, Zann Corp., and Global Materials have agreed to settle the charges, without admitting or denying the allegations in the complaints, by consenting to the entry of final judgments permanently enjoining them from future violations of the registration provisions and, with respect to Global Materials, the antifraud provisions and ordering them to pay disgorgement plus prejudgment interest with waiver based on inability to pay. The settlements are subject to court approval.
Complaint v. Angel Acquisition Corp., et al.
Complaint v. Global Materials & Services, Inc., et al.
http://www.sec.gov/litigation/litreleases/2008/lr20673.htm
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Home | Previous Page Modified: 08/07/2008
how does this affect the streets perception of this Company
I for one am worried NOW!!
Home | Previous Page
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21203 / September 9, 2009
SEC v. Angel Acquisition Corp., et al, Case No. SACV 08-880 JVS (ANx) (C.D. Cal.)
Richard A. Bailey and Florian R. Ternes Settle SEC Charges
The Securities and Exchange Commission announced today that on September 4, 2009 the United States District Court for the Central District of California entered Final Judgments by consent against defendants Richard A. Bailey and Florian R. Ternes, residents of Las Vegas, Nevada and former officers and directors of Marshall Holdings International, Inc. (Marshall Holdings).
In the complaint filed on August 6, 2008, the Commission alleged that Marshall Holdings, while under the control of Bailey and Ternes, improperly registered shares issued under employee stock option programs on Form S-8 registration statements from 2003 through 2005. Marshall Holdings then received at least 85% of the proceeds from the shares' sales as payment of the options' exercise price. Form S-8 statements may be used to register shares issued to compensate employees and consultants and have abbreviated disclosure requirements as compared to statements registering shares used to raise capital. According to the complaint, however, the option program functioned as public offerings through which Marshall Holdings used its employees as conduits to the market so that it could raise capital without complying with the registration provisions. The complaint further alleged that Bailey and Ternes were the primary decision-makers behind Marshall Holdings' options program and received significant salary increases during the course of the program.
Without admitting or denying the complaint's allegations, Bailey and Ternes have consented to the entry of Final Judgments enjoining them from violating Section 5 of the Securities Act of 1933, ordering them to pay disgorgement of $341,001 and $259,000, respectively, plus prejudgment interest and, based upon their financial conditions, waiving payment of all such amounts. With this settlement, the action is fully resolved as to all defendants.
For more information on earlier actions in this case, see LR-20673 (Aug. 7, 2008).
http://www.sec.gov/litigation/litreleases/2009/lr21203.htm
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Home | Previous Page Modified: 09/09/2009
the 15 days is calendar days.. he sells every day including weekends
i confirmed with IR firm that on or about the 18th he will post his sales on shareholder website and anything else deemed material.
I will gladly wait another 8 days
so should everyone here!
GLTA
response to CNKID on Jorge's salary
i think in all fairness you need to read the financial disclosure and reflect it accordingly
Jorge has a 150,000K salary but has not been paid that amount ever
he is accruing his salary and in actuality has sold some of his accrual through a bebt wrapped transaction to several third parties in an effort to raise capital, albeit at very low prices) in order to have money to preoceed
CNKID why dont you goive Jorge the 30 days of september to see how many units are flowing in from the ads..then if its a flop bash away because many will sell off accordingly
most of us couldnt care less about the past..its a disgusting mish mash of a pink sheet Company..now jorge has a product and 30 days to sell it
either he makes good or not
Finally he inherited the CD debt .. if you read the finacials he joined the shell after most of the debt was on the books.. obviously he is committed to paying it off.. even if there is dilution.. if there is sales the stock will c keep climbing as buyers move in on a good thing and take out the weak hands..
as a trader the stock now has a hefty following.. that is key to support be it at .0002, .0003 etc..
eventually his results will overwhelm all the negatives
no different than any other stock.. if a stock yields results people buy if not we sell!
no need to baet the man down yet he is just starting to move into a REAL BUSINESS!!
I say toall give him until the 20th so we all see the initial results , then another two weeks for follow thru
remeber whatever results he posts he just got started!!
Convertible debt discussion
first the debt is as disclosed as follows:
A summary of the 8% Callable Secured Convertible Notes at December 31, 2008, is as follows:
Issue Date
Due Date
Face Amount
Principal
Outstanding
Unamortized Discount
Carrying Value –
December 31,
2008
12-27-2006
12-27-2009
$ 600,000
$566,505
$ -0-
$566,505
02-22-2008
02-22-2011
$ 150,000
$150,000
$ -0-
150,000
$716,505
(8)
they owed about 715,000 at end of 2008 now they owe them about 680,000 based upon conversions
not really a big debt load at this juncture.. when the lender converts yoiu just put out a bid for size below the market anfd he taps you
i have made over 50K in profits in last 6- 9 months with buying those trades and will continue to sop it up anytime he sells to the market.. whats bad you pick up 200 million shares at .00005 and sell them at .0001 and .0002.. I will do it all day long with my buddies .. taht's pure pibnk sheet pROFITS!
the lender is a non issue in this stock as long as jorge has real sales.. eventually the lender debts will get retired!!
Reason for prior dilution
many of you here no i trade the stock and have several friends who do as well. with great volume this baby is a 100% return every few days.
Some bashers want to challenge the dilution of jorge.
I say ridiculous.
For months the stock had no bid and jorge needed to raise capital to pay for some inventory of Re-juvi, lawyers and CPA to update financials that were stale for more than a year, testing and internet marketing costs and general corporate overhead like shipping the stuff and buying raw materials..
he had no other way but to dilute and raise capital (at that time) a tuff but ugly share price.. Now with volume, shareholder support, revenue sales and the like he can raise capital at better prices
every penny stock player knows that most management will dilute in the beginning but if the product sells its a different story
Finally many of you assume his 500K sales is just re-juvi alone..i think you forgot he will launch a second product by October so its combined revenue which makes his projection that much more plausible..
he told everyone here we will get results of re-juvi only by the 18th of thsi month .. thats two weeks worth of sales and should give us an idea of how its doing.. assuming those numbers are even fair we wait until the months over before digesting the revenue.. we all need to be here for at laest 30 days before becoming a naysayer
remember he just launched his two internet programs on the 3rd of this month!
as a day trader i throw out all the hype here and look at the numbers.. CXAC has a lot of buyers and sellers which is creating liquidity
many of you do not realize that it is rare for a pinky to do this.. CXAC has achieved a following and has great support as it creeps up .. every move on the bid by market makers is 100% plus return
who would complain.. even if your a long term plalyer its great to know there is a real product, some beginning revenue and a real business plan .. I tip my hat to him as earliere in the year I thought this was all hype and expressed that opinion. Now he is on to something
granted he may have to dilute more and one day do the dreaded reverse but that is way in the future..he needs a until years end to work the business and devlop a brand recognition which in America can spread like wildfire., i have been tweeting about rejuvi and many womaen seem to like it both young and old..that tells me where theres smoke ther may be fire
GLTA
jorge posted it up on his website
holy cow
Cross Atlantic Commodities: Share Holder Update 9-4-09 It has been an exciting week for CXAC and we just wanted to update all shareholders on this week's events before a long holiday weekend. Both programs with Clickbooth and Online Performance Marketing, LP have been successfully launched and we are tracking our order flow. We will follow up with actual sales
....
go to www.crossac.com and read it all!
I had 200,000,000 and i let some go so i have only 80,000,000
will be buying more throughout the day at .0002 would like to get back to 150,000,000 on tthe long side this baby goes to .0004 on the offer soon
its a day traders paradise!!
GO CXAC
GLTA!!
as Cramerica says;
BUY , BUY , BUY!!!!
first major news release from IR / PR firm should be released today after close or before opening tommorrow
waiting to clear legal review and then those bulls will charge
trying to buy at least 100,000,000 today at .0001
spoke to jorge about the "promoter allegations"
His lawyer contacted the alleged promoter and requested that he remove false and misleading information or he would reort them to the SEC. the website stated that it expects 25,000 dollars to promote the stock. CXAC has never paid them a penny or expects to pay them anything. In fact Jorge asurd me that he hired an IR/PR firm and they would be handling a public relaese before the close of business on friday.The news release will be relaesed nationally at a cost of over 1000.00 dollars to "get the word out"
many here need to know that those who bought under .0001 or even at .0001 have a huge incentive to sell and double their money in a illiqid market of the penny world.. Many names here are just posting to help their trading causes.. its not illegal but they should refrain from posting outright lies .. a little fluff is ok
in any event the promotor who is probably long shares at .0001 would love to see a .0002 bid.. any way you cut it your up 100%
6,500,000,000 AUTHORIZED
Float at 6,250,459,211
hope that helps
sharehoilder web update is imminent
his IT guy is having problems posting the infoormation
cant wait to see the volume after the sales results are announced this stock will rock but we need a 2 billion share day to get a bid!
might happen on friday!!
GLTA
you must be "in the clouds"
we need another billion share day to get a bid
there is almost 6,250,000,000 in float and at least 300 - 500Million overhang with MM's
we need more dissemination of the information and this will trade like crazy again!
march 2009 first quarter 10-Q just posted to www.pinksheets.com
June quarter should be posted soon!!
shreholder letter by wednesday night!!
Financial disclosure made at www.pinksheets .com
check out the discl;osure CXAC files 10-K for period ending 12-31-2007 as promised
soon the next two 10-Q's will be posted at least its a start although it is before rejuvi began runnig
website shareholder letter coming shortly with those updates
thanks JORGE for being open and honest about whats going on!
to all you naysayers: poo-poo!!on you!!
i bet you cant say the same!!
whats wrong with profits???
absolutely nothing
I think 100% return every three months is more than enuff to keep me happy!!
information coming shortly
met with jorge for breakfast for 20 minutes at DD
financials and shareholder letter will be posted shortly
tried probing him on stuff and he said lawyers have tied his hands but we will get test results and first two weeks of august on the shareholder letter report
asked him point blank and he just smiled
I guess that is a positive
I am still acummulating under .0001 i now have close to 150,000,000 new shares i think i might incraese to 250,000,000
if we get action at .0001-.0002 Im happy
I think we all will be positively surprised!!
GLTA
Jorge is no captain BLYE!!
to all investors he promised a new shareholder update for next week..
He will release his final test results with retention numbers and three weeks of sales for 8-1-2009- 8-22-2009
remeber he is just getting started..
He also will hire an IR / PR firm .
his lawyers advised him not to communicate so much with individual shareholders because it could be viewed as a violation. I agree he needs to post shareholder info bi monthly on his website and we can discuss results here
find a friend at a firm who makes markets in penny stocks.. put up your capital say 10,000 in an account and tell him to take in what you want at the off market prices.. he makes .00001 for doing nothing no risk to him and you buy what you want..
you can grab some of the lenders stock real cheap
say 100,000,000 shares at way below .0001
when volume picks up your on your way to big profits.. last time i sold almost 250,000,000 shares and made over 25k on cxac..will do the same again in a few months so actually my cost basis is in reality ZERO!!
i have no risk in this stock at all i can only give back profits not principal