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Of course I come here now to see what all the mess is about. World Corporate Assets issued a tender offer and what better place to see what bullshit penny stock buzz is going on than iHub?
Proof? Ask the company to lift the gag order on the TA so she tells us what the total numbers are.
No, not a paid promoter.
FGBF has been around long before this World Corporate Assets business.
Do you really think nothing took place since 2007 filings? FGBF paid shares to people to purchase assets many times over. They gave shares to people for cash many times over. Ad nauseum.
But, you guys are right...there really are only a few million sitting out there!
Because I have a certificate that has to go through a process with the TA. That's how these things work.
Funny, games are usually afoot when the pumpers are out here talking about a .60 stock going to $4 in the next 3 hours.....
I spoke the TA about this already since I own shares. A number of us have shares and are dealing with the TA daily.
What about individuals I know in Los Angeles and San Diego California and Ft. Collins Colorado with free trading shares in certificate form exceeding the total outstanding as reported?
I've spoken to Laura Cataldo MANY times.....
I've spoken to Laura Cataldo MANY times.....
I'm posting what is before my eyes. I see a pink sheet company that has zero disclosure, is based in a strip mall within a divorce attorney's office in Henderson Nevada, has no information posted on their website except "We are worth $6/share".
You're posting and claiming "FACT" and are basing your FACTS on speculation and word from the "IR" contact at the company.
$36M cash paid out for a company based in an attorney's office in a strip mall next to a knock-off soup plantation. THAT is fact.
Since you're posting facts, please provide the proof.
I'm simply making statements about what I see
Of course they are just basing it off what the company says. There is NO information posted anywhere to say otherwise.
Here's where the 1st global office (and world corproate assets) is, right next door to this:
http://assets.urbanspoon.com/w/s/xJ/lUcUSUORZ7lysy-640m.jpg
Here's the attorney who resides at the address of the FGBF/WCA office (Family and divorce law?):
http://www.rocheleaulaw.com/
I didn't say officers of the company. An insider can be someone who knows what is going on and is not an officer. I'd bet most of the shares are not in officer/director names...no way to sell them if they were!
I hope someone comes out and buys all of the shares for $6 on February 5th (pending purchasing 6M shares of the 7M of course).
I just wanted to point out some very interesting ommissions from someone who has $36M of cash to throw around.
Also, why was FGBF not trading before this If FGBF has all of these assets? What about all the press releases from earlier this year about buying up homes? What happened to that? Those press releases said they paid in millions of shares of stock? Where did that stock go?
Of course they balance out, the promoters behind this aren't stupid.
Why dump 3M shares and drive the price down when they can sell 1M a day and make 3x the cash?
Explain why a stock that officially has a tender offer for $6 share is trading DOWN at 1/10th the price? Do you really think it's because people just don't understand?
A stock worth $6 a share has NO financial/disclosure information posted? It's VERY easy to post financial information to Pink Sheets (OTC Markets)...unless they didn't pay the $1800 fee...
Explain why they have "trouble" filing an 8K with SEC EDGAR service? They are Pink Sheet and have been pink sheet for years, they don't file 8Ks...and even if they wanted to, it's an automated service from EDGAR...you just upload and it shows up.
So a company worth over $36,000,000 can't figure out the basics of simple reporting, yet they can put together a tender offer to pay YOU $6 for all of your shares. They can't even post a BALANCE SHEET for crying out loud!
Good luck!
There appears to be selling because insiders are dumping shares and pocketing piles of cash.
Do you really think this company is worth $6?
I really think they do not put out press releases because there is no outlet here in the states. Think about it...they have put out a half dozen releases this year, but it only gets us excited. We KNOW that things are real and we KNOW that it will turn around, but those releases don't get to new people...
They need someone who will get the word out to a lot of people and I think we will be looking good AND will get a good number of releases!
This movie was an asset in the company before current management even took over. If it was shareholder money that went into it, it was a long time ago and no money from current management has gone into it.
If it's going to sell now, that's great for some side revenues for us, but I really don't think current management has anything to do with the movie except have it sit on the books and hopefully generate revenue someday.
If you read in the report, it says it is the movie "Living Luminaries" as held by wanna be now, llc
It really looks like whomever was getting out of some shares (maybe a garbage promoter?) is done with their dump or they are holding off until after the financials.
it's funny that we get a few thousand of trading in and the price goes nowhere...but today we get a few hundred and the price goes up 100%.
I'm hoping this d-bag is done dumping and now we're ready to move forward.
The last communication I had with the company said they were really busy with operations in China and they were still looking for a good news outlet in the US.
That always seems to be the problem here...good news, but you need to make sure that news gets to worthwile investors...this stock is at a GREAT point to buy in; I could easily see this baby trading at .03-.05 when we get some steady volume...that's a nice profit for those of us with cost basis under .01!!!!
Hard when all of the principals are in China. I've gotten through to someone in the US a couple of times, but I don't know if they still operate at the same number/office these days.
If there are promoters on this stock, they sure aren't doing any work!!
The Pink Sheets website does not contain accurate short data on most companies. You can get the real short interest from FINRA every day.
384,XXX shares were shorted on Friday alone.
It's sort of like the Hebrew Hammer, but the Hebrew Hammer is more of a technical pattern on Candlestick charts. On a bar chart or line chart, the coiled spring is SUPER obvious on this guy...gonna bounce to Saturn pretty soon
Focusing on what business? There is no business
Nice action today! This was a good steady buying day with upward movement instead of the usual one small buy and them some idiot dumping a few and no bid support. Hopefully we see this continue!
Exactly...this one has the potential to be HUGE when the right guy gets behind it...
I'm still here hangin' on, but have reached my limit for what I allow myself to put into pinks. Unfortunately I got in when it was over a penny!
Many of us have, they respond easily by email and occasionally on the phone.
Yeah, technically May 15th, but that's a Saturday so probably the following Monday...
The officer change seems to be sort of misleading because Lee Davidson is still in charge as President, David Levinson just took place of CEO. The other people were from a long time ago.
I agree that it is nice that the officers are foregoing any compensation. The consultant compensation seems to mostly be from older stuff, but not much recently in the quarterly stuff. Should see Q1 of '10 coming out soon...
Yep, I'm still watching this thing, just waiting patiently at this point...
wow...308k shares fired off there...
Hahahaha, I can't believe you would be excited about hearing something from Reda. You do realize this is nothing but a total scam, right?
Yeah, it really seems that we've built a good range here over the past several months and once we crack it, it'll be HUGE
Yeah, would be nice to see this thing finally get moving. Hopefully this Billingtons Publishing gets something going here now that they are listed as the IR contact!
Yeah...they walk it down every morning to test where any orders are it seems...then they hit someone who is bidding down low and pull it.
Not sure if anyone is selling a few shares or the MMs are just hoping that one day the bidder isn't good for anything anymore and it falls down.
I got a chunk of my shares back in the .02+ range too so I'm not even going to consider selling until .07+
So they announce Billington's publishing...That's who they hired a month or so ago, right? Does anyone have any experience with them?
I agree and I'm pleased that they are keeping themselves compliant with filings and getting this information out there. It looks like they are focusing on this glass recycling and the potash. Hopefully they are starting to put some orders together.
It will be interesting to see the quarterly statement coming out in a month or so...
I'm glad they changed transfer agents...the other guy looked like he might have had some issues coming up
Looks like they got their financials posted along with the legal opinion...
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30331
I wonder where all the buying from yesterday went...