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Please clarify your quote below. You are telling us you called someone at Citibank who is well informed about this bankrutpcy and knows that the determination made by the judge includes the common stock of this company, and that we are included in the final settlement? and also that Citibank department that handles investment feels that this stock should not be written off as worthless anytime soon!!You were able to get this information by a well informed source. Right!
CITI
We have confirmed the commons are alive and apart of the deal that just went through in Judge Lane's court. This is going to be a ltum like run.
Just take a few minutes to read our old posts here and sit back and use common sense. With CITI and other huge institutions holding common shares, and the way wallstreet works, do you honestly believe the commons would not be apart of a 1.3 billion dollar deal???????????????? Well, just trying to let people see the light. Cheers PS.,
READ OUR POSTS ABOUT CALLING THESE INSTITUTIONS AND HEARING IT FOR YOURSELF MATES!!
Just out of curiosity and to correlate all these events here is something different to discuss!
Nothing can happen to this stock itself until the "Q" at the end of the symbol is removed to indicate that it is officially out of bankruptcy.
The stock cannot be delisted until someone makes the OTC/BB/PK aware that the company behind the symbol no longer exists!
Some of you who access to statistics, can you provide the exact date when this stock's symbol received the Q at the end? Also, are there any other statistics in the Pinky listings that provide information that we can use to understand how long we might endure before cases get resolved.
There is Q stock of a formerly large company that is still listed at 5 cents per share and it generates continuous news releases but nothing happens to the stock (that one is LEHMQ.PK). Are we going to be in a similar position for YEARS!!!
Any news Release with the letter Q at the end is intended for us. If that news release comes out on Monday so be it!! Until we hear from the company all the rest is speculation! Can anyone of you really predict what will happen Monday morning at 9:30????
"Please contact Debtors' counsel for more information."
Anyone knows how to contact Debtors' counsel?
We actually have a lawyer (a counselor) to represent us? I think some experienced person should look into this!!!
DADDY FAT SAXX, yes you remember last night. He only admitted the prank after someone posted that he was going to check into these allegations and talk to someone with legal knowledge to find out what charges could have been brought against him!
Last night a poster claimed to have met th CEO right after the hearing was finished and the CEO made a negative statement about the commons, as the CEO was going to the bathroom on the 5th floor of the court house! When that poster was confronted by someone on this board that a statement like that could make the poster liable for judicial damages the poster retracted the statement and stated that it was a prank!
Can you provide more information indicating that your contact is legitimate and that a news release will be issued this afternoon!
BigStocker19, I just came in and I am trying to get some real information. Can you or someone who has all the confirmed information post again now and from time to time what factual information is available. What is supposed to happen on July 18? Has anyone from the company released any information relating to this stock that is being traded? If this stock is being traded, WHAT PORTION OF TERRESTAR BELONGS TO THE COMMON SHAREHOLDERS?
I went into the website of the law firm, completed a few personal contact information spaces and sent them a simple email (see below for link and my message). You might want to do the same just to see if we get an answer and also to make them aware that there is more than one concerned shareholder.
Thanks.
I am a shareholder of First China Pharmaceutical Group and I have been patiently waiting for you to file the 10Q report which normally would have been filed on Feb. 15 but due to an extension of 5 days it could have been filed no later than Feb. 20. However, it is a little puzzling to me why the filing did not take place on a business day, Friday Feb.18, and why as of this moment it has not yet been filed. I do not know if your firm is operating today but I am a little concerned that someone is not handling this case properly and they are waiting to the last minute to resolve any existing issues with this report. Please let me know what is going on and when I can expect this report to appear on the SEC EDGAR site as a filed item.
http://www.lawyers.com/California/Sacramento/Contact-Greenberg-Traurig-LLP-4091073-f.html
It has already been established that there is no Auric in Spain!
Even a PRIVATE company with $600,000,000 in sales would be be found on the Internet...do you know why...because the rich families that might own that company are well know in Spain and it would be easy to locate on the Internet.
It is also important to analyze the ridiculous way an offer of that magnitude is presented. The company is explaining the reason why they are buying MRES...that is unheard of and it would never be mentioned in any memo to be shown to shareholders who have no say whatsover in voting yes or no. Actually, now that I think about this, why would it be necessary at all to inform anyone about this deal when the shares are owned by the crooks themselves. Why would there be any need for the price of this stock to be moved up unless someone wants to use that for the purpose of dumping 400 million shares on the open market and make a killing.
Does anyone of you have any idea how MRES is going to save face next week when the dealine comes and there is no deal? I am sure the crooks that own 90% of te shares are working out a solution that will not upset those from this board who might have lost a little money.
Very,very strange that someone is waiting to the very last minute to file the 10Q! According to their internal guidelines their general council will file the report. If that is the legal firm in Washington state, it's difficult to understand why a firm is open on Saturday, and why the filing did not take place yesterday if everything was ready. I realize that if a serious issue has to be addressed there are people in legal firms that work during week-ends, but this case is not a billion dollar company with dozens of subsidiaries all over the world.
Should we be worried!!!!!
Based on the actual wording of SEC regulations (SEE EXCERPT BELOW) the filing must take place within 5 calendar days after the 15th. That means 16, 17,18,19,and 20 of February. Since the filing is done electronically through Edgar (who never sleeps) we have been waisting our time waiting for the 18th to be the final day when actually the filing could take place on Feb. 20th based on the complexity of the corrections/adjustments that need to be made.
For these reasons, the Company is unable to file its Quarterly Report on Form 10-Q within the prescribed period without unreasonable effort or expense but expects to make such filing within five (5) calendar days of the due date, as required for the extension provided by Rule 12-25.
Nothing matters at this point.
We are now waiting for the Q10 filing followed by News Release.
DO YOU SUPPOSE THERE WOULD BE A PURPOSE TO MAKE US WAIT UNTIL THE MARKET CLOSES TO POST THE 10Q WHEN IT COULD HAVE BEEN DONE EARLIER!actually we don't even know how long today we have to wait before filing takes place. Since it is done on line and since on the west coast is only 1 pm they might decide to file by 4 pm their time.
Tell me what is the interpration of 2 to 1 in sales.
Does it mean more people (that is a larger number of people) are selling small amounts of shares which are being bought by a smaller number of peole. In other words, there are 100 sellers and these shares are being bought by 30 buyers. Which to me might means the few buyers might be confident that their investment will go up because each one is buying a large amount of shares. Right!
Why would you risk buying a large lot os shares unless you are confident the price will go up!
Somebody was able to get some shares at 1.91 at about 1:52 pm and change the low for the day at that price. WOW!
I now see 1.92. Someone might have spread some rumor or actual information before the release of earnings.
Olie77, no, no no!
It has already been established that there is no Auric in Spain!
Even a PRIVATE company with $600,000,000 in sales would be be found on the Internet...do you know why...because the rich families that might own that company are well know in Spain and it would be easy to locate on the Internet.
It is also important to analyze the ridiculous way an offer of that magnitude is presented. The company is explaining the reason why they are buying MRES...that is unheard of and it would never be mentioned in any memo to be shown to shareholders who have no say whatsover in voting yes or no. Actually, now that I think about this, why would it be necessary at all to inform anyone about this deal when the shares are owned by the crooks themselves. Why would there be any need for the price of this stock to be moved up unless someone wants to use that for the purpose of dumping 400 million shares on the open market and make a killing.
Do you have any idea how MRES is going to save face next week when the dealine come and there is no deal? I am sure the crooks that own 90% of te shares are working out a solution that will not upset those from this board who might have lost a little money.
Looks like the general counsel in Washington state is going to file the 10Q after the market closes. Remember that after 4pm here is only 1pm on the west coast.
I can tell you that the information is so secret that the pumpers or dumpers don't know what to do!!!LOL!!!
They are only depressing the price by a couple of cents, but they are also afraid of moving it higher just fearful that the earnings and guidance do not meet general expectations. There might be a big surprise on the upside...I remember when Amazon came up with bigger earnings that no one expected! Let's hope this is the case for FCPG.
Ballyhoo, you have cleared up the issue of the deficit. So now the company is really worth the par value of .001 per share.
"On April 30, 2010, it was determined that the licenses did not have a value greater than par value and Management recorded an impairment charge of $51,660,000 to bring the value of the licenses to $615,000 from the recorded fair value of $0.085 per hare that the 615,000,000 shares of common stock were issued to acquire the licenses."
EarnestDD, I looked again at the last 10Q (SEE BELOW LINK)and I see that the deficit was offset almost completely by "Additional paid-in capital". What did really happen to make the accumulated deficit disappear? You are correct, they do not have enough carryover deficit to make this stock worth even 1/10th of a penny.
Since there will be no takeover, what do you think will happen next to keep this delusion continuing until the crooks are able to dispose of most of their shares at a profit!
http://neuro-biotechcorp.com/applicationsi/neuro-biotechcorp.com/groupware/files/personal/1/Neuro_Biotech_10Q_02_09_11.pdf
Olie77, you are correct in doing your own investigative work to supplement what has been stated on this board.
Actually, since the idea of playing the penny and sub-penny stocks is to make money and move on to the next pick, it does not matter at all if they are telling the truth or not--you are interested in being right during the period when the crowd exibits extreme euphoria and gets carried away to the point of silliness and ridiculous behaviour.
If some people do not accept certain facts as described on this board it's fine as long as they don't lose a lot of money due to their stubborness and wishful thinking behavior.
Oh yes, I have remembered something else that I noticed when I looked at 10Q for this company--they have one big chunk of assets that makes this company valuable up to about 55 million dollars.
They have a carryover loss of about 55 million dollars which they can carry on forever until they reduce it by profits. Baded on this the company will definetely be able to stay above 1 penny for a long time no matter what happens!
Hi tony5.
Very well put on your part,and if you want you could read my postings before you answer to what I have to say.
For the past 45 days this company has been pumped by paid newsletter operators for different reasons. I decided to keep this as one of the stock on my list to follow up on its performance.
On the 15th a News Release came up concerning the acquisition and I noticed that it had gone up 50% for the day at one point.
I went into this company's hub board, reviewd all the comments, decided to do some investigation of my own and posted all that I had discovered based on my interpratation.
I came up to my own conclusions and I shared these with othe people of the Board. PLEASE READ THEM.
I believe this company has no sales, no contracts,no active production of any product,no manufacturing plant, no normal office with any staff or employees,it operatates from a virtual office location in Basel Switzerland, it has never received a legitimate offer for the takeover of the company at 15 cents per share, it has faked badly the so called "unsolicited offer" memo with a nonexistent company called Auric located in Spain. There are more fraud elements which at the moment I am not remembering because I want to post this now.
Please also read my post of about 15 minuites ago and you decide what to do by using your own intuition and experience along with what has been presented here.
Since you have shares in this company you must decide based on what has been presented on this Board what course of action you want to take. I can tell you that I am still holding penny stocks in other companies that have a value of 1/5 of what I paid but I am hoping that some pumper comes along and allows me to recoup my investment. I can always take a loss and move on to something else.
We all must decide what to do based on what we believe to be true as presented on this board. This board is like a courtroom where all the evidence is presented and the investor is a member of the jury.
I believe that within these last 3 days so many postings have been presented that it should be obvious that Poulin and his associates are all guilty as charged in having perpetrated a hoax in such a way that their greed took them beyond the normal expectation that they anticipated. They allowed the members of this board to dig deeply into this company and discover that it is a complete fraud.
You can still make a profit on your investment if for some reason a new pumping takes place next week and at that time you can liquidate your stock and move on to something else.
Good luck!
Has any of you had a feeling recently that Poulin is just a figure head and that this scheme has been organized by those hedge funders in the Bahamas that have control of the company and have nothing to lose in cooking up such a moronic story as the takeover of a 1 cent per share company for 15 cents a share?
Who in his right mind would pay 75 million dollars for a shell that has no income and no real product to sell!
i AM THE ONE WHO ORIGINALLY EXPLAINED WHY IT WILL BE TOMORROW.
HOWEVER, YOU MUST REMEMBER ALSO THAT MONDAY IS A HOLIDAY AND NOBODY IN HIS RIGHT MIND WILL FILE ANYTHING ON THAT DAY.
With 30 minutes to go let's all have fun and complete this poll (you can copy and paste your answer to make your life easier).
PLACE X ON CORRECT ANSWER. LET'S HAVE SOME FUN AND AWARD A BIG PRIZE TO THE WINNER TOMORROW EVENING.
10Q information will be posted today afer 4pm...YES( ) NO( )
10Q information will be posted TOMORROW BEFORE OPENING BELL 4pm...YES( ) NO( )
10Q information will be posted TOMORROW DURING TRADING HOURS 4pm...YES( ) NO( )
10Q information will be posted TOMORROW AFTER CLOSING BELL 4pm...YES( ) NO( )
Tomorrow's closing price will be between $2-2.10 ( )
Tomorrow's closing price will be between $2.11-2.25 ( )
Tomorrow's closing price will be between $2.26-higher ( )
One thing is certain, no paid pumpers have been seen around for a long time.
Mr. Wang is not worried about the value of his 15 million shares--he knows that basically this is his company since he is the largest shareholder and he plans to DO things right, on his own time. He really does not care if we on this board are going crazy trying to figure out what happens tomorrow. His shares are already worth 30 millions dollars and in time, when this stocks is worth 20 dollars per share, he will be worth 300 million dollars--not bad if he reaches that level in a a year or two! LOL!!!!WE WILL BE THERE WITH HIM!
i FORGOT TO MENTION THAT IN MY OPINION NO OTHER LARGE PHARMACEUTICL COMPANY IS GOING TO TO MAKE AN OFFER TO BUY FCPG AT THIS TIME. THEY WILL WAIT UNTIL THE NEXT FEW QUARTERLY REPORTS COME OUT AND THEN THEY WILL MOVE IN!!!
Yes, paid ad in November 2010.
There is nothing truthful in any of the promotions issued by this company.
NO PRODUCT...NO SWITZERLAND...NO CONTRACTS...NO UNSOLICITATED OFFER!
IF YOU CLICK ON THE RIGHT SIDE (AFTER YOU OPEN THE LINK BELOW) YOU CAN READ THIS ARTICLE IN ANY LANGUAGE YOU WANT. I LOVE ALL THE INNOVATIONS THAT ARE TAKING PLACE ON THE INTERNET TO ALLOW SCAMSTERS LIKE POULIN AND ASSOCIATES TO TRY TO GET MONEY FROM ANYONE IN THE WORLD WHO CAN READ THIS MEDIACL REPORT AND GO TO THE OTC AND BUY INTO THIS COMPANY. I BET A LOT OF RUSSIANS,ISRAELIES AND SWISS ARE GOING TO TAKE A BEATING!!! LOL!!!!
http://translate.google.com/translate?u=http%3A%2F%2Fwww.mydigitalpublication.com%2Fdisplay_article.php%3Fid%3D567295&langpair=en|de&hl=en
I just noticed that now the message says "call this number for Italy with Sype". I can't believe what these internet companies are doing to get ad money. Someone must have noticed that peoplwe are constantly checking the latest quotes for MRES and Yahoo has found a way to advertise Skype on the space where the price change shows up. Boy, oh boy...it's strange that of all the 20 stocks that a follow Skype decided to place an ad on MRES!
EarnestDD, something strange has happened.
If you go to yahoo to get a quote for this stock, in the space indicating the amount of price change for the day you will see a phone number with the Spanish flag and if you place the arrow/curser on the number/flag a message will tell you to call that number in Spain.
What's going on?
EarnestDD, I think it was you who earlier mentioned that 93% of the stock is owned by the manipulators(my word) in the Bahamas etc. That means that about 50+ million shares are owned by regular investors like people on this board.
Based on that, yesterday someone on this board stated that he had accumulated 10 million shares. At this price how many individual people do you think are holding shares and are considered shareholders.
I am bringing this to the front because if this is the case, then the price of this stock is being moved up and down a small number subpenny players that have no interest in knowing what intelligent investigative work is being done on this Board!
EarnestDD, I cannot believe how this scenario is unfolding and very few members of this board are presenting so little insight information on this scam company and this deal that has no substance whatsoever.
Hathaway the CEO of a private company in Spain? I think they are supposed to have annual sales of 500 million dollars. What an incredible fictitious tale created by some people in the Bahamas and a 71 year old accountant/doctor who lives somewhere in Canada and has never set foot in Switzerland to visit the virtual office with beautiful receptionists that can speak French, Italian and German and can provide all business services from taking orders to switching calls to Poulin and associates wherever they are.
Also, what a silly and stupid way to fool investors by providing the transcript of a private(non-existant) email from a nonexisting CEO concerning this deal. Any email coming from Spain is identified by its own provenance from the country itself.
I will stop here until I catch my breath...this story is so absurd that everyone should be able to see through this pack of lies!
BiggiePants, the reason for the fall is that the people of this Boards in he past 2 days have been made aware of the fact that this ENTIRE COMPANY is a sham with no product, no production, a virtual mailing address in Basel Switzerland, a one man show (maybe 2 crooks), phoney sales to Russia and Israel, lies about Auric in Spain, etc.
THIS BLUNDER BY POULIN AND ACCOMPLICES WAS THE KISS OF DEATH FOR THIS COMPANY...PARTICULARLY BECAUSE THE MEMBERS OF THIS BOARD HAVE BECOME WISER DURING THE PAST 2 DAYS AND THEY WILL SPREAD THE WORD TO OTHERS IN OTHER BOARDS.
INFORMATION IS THE KEY TO TRUE SUCCESS!
A few days ago when I saw the News Release of an offer of 15 cents for a stock trading at about 2 cents I decided to find out why a situation like this could take place and the stock would only move up 50%. If you look at the record of many other pennystocks it is not unusual to see 400%,500%,600% in one day when extraordinary news is released. It did not happen to this stock!
The answer is very simple: EVERY BIT OF INFORMATION IN ALL THE NEWS RELEASES IS A LIE.
Ask yourself why would a Spanish company (privately held) offer 75 million dollars for a one-man company that has a virtual office in Switzerland, no production plants and a nonexistent product that can be used only for special cases.
Also, think of the words UNSOLICITED OFFER OF 15 CENTS. Those offers are made to shareholders by advertising on a finacial paper. Poulin has not even made a statement mentioning that the acceptance of the offer will be subject to approval by shareholders. WHAT IF I WANT 30 CENTS INSTEAD OF 15 CENTS.
I will continue this at a later time.
NO OFFER...NO PRODUCT...NO CONTRACTS.
p.s. I forgot to ask some of you legal experts if Poulin and some other accomplice can be legally punished for fabricating this story about the 15 cents deal with a nonexistent company for the purpose of moving the stock up by manipulation and deceit. I understand the guy is about 72 years old but if Madoff could get prison this guy could too!
Hi MiltonTonic, first time I see you on this board (I have given up looking at the sad events on the IDOI board)and assume you are responding to someone's remarks.
I don't understand the reason for your comments concerning the report of the quarter ending Sep.30. Is there something that we should be aware of now. Are you telling us that the amendment of the filing took place to change that portion of the 8K.
Please try to provide us with a better understanding as to why you decided to bring this to our attention at this time.
thanks.
If you bought at 13 and now it is 19 you have a 50% profit. The real question is whether or not you will have that same profit tomorrow. It could go either way depending on how far the pumpers are willing to go before they start selling and the sky falls.
One thing to remember is that there will be no acquisition at 15 cents and it is up to each one timing as to making a profit or losing 90% of your money.
CLP08, welcome to a board where things move at a slow pace but where we have a solid stock that will make us real money in a reasonable period of time.
We are all awaiting the 10Q filing, earnings and future guidance.
I cannot tell you how high the stock will go but it will definitely move up. We could see a 2.50 if the earnings are very good. Who knows, we might even go back to 5 dollars if next week the newletter peddlers pump this stock up again as they did on December 8!
Good luck to all of us.
Am I the only one to post around here!
A handful of us of smart INVESTORS that know how to pick them right!
I just saw a 1.99 trade at 1:30 pm.
I was getting a little depressed, but really why should I when I know that at the most I will have to wait until Friday morning for the 10Q filing.
I have a had tough day at the board of MRES trying to expose the scam that is being pepetrated on the stockholders. Go to that Board to see what is going on--a case for the books! A ONE PENNY COMPANY HAS RECEIVED A BUYOUT AT 15 CENTS...SCAM,SCAM,SCAM...READ MY POSTINGS THERE. THANKS.
stocklock, THE CROOKS REALIZED THAT THE PEOPLE ON THIS BOARD HAD DISCOVERED THE SCAM THAT WAS DRIVING THE PRICE DOWN AND DECIDED TO COME OUT WITH A QUICK NEWS RELEASE TO KEEP THE PRICE GOING UP A LITTLE LONGER UNTIL THEY CAN DUMP AS MANY SHARES AS THEY CAN BEFORE THE FRAUD IS DISCOVERD.
THINK ABOUT THIS FOR A MOMEMT: WHY WOULD AURIC , THE COMPANY THAT WOULD BE BUYING THIS POS AT 15 CENTS PER SHARE CASH, HAVE A NEED TO DISCLOSE ANY INFORMATION OTHER THAN SAY THAT THE BUY OUT IS CASH. IT'S THEIR PRIVILEDGE TO TO DO WITH THE COMPANY WHATEVER THEY WANT ONCE THEY BUY IT!
NO PRODUCT..NO COMPANY...JUST A SCAM!
CHECK THESE 3 LINKS ONE BY ONE AND WATCH THE VIDEO ON THE LAST LINK.
no product....no production...no real company= SCAM
http://www.davincivirtual.com/loc/switzerland/basel-virtual-offices/
http://www.davincivirtual.com/loc/switzerland/basel-virtual-offices/facility-868
http://www.davincivirtual.com/howitworks.asp
nadendla, i could not resist doing some detective work yesterday when i saw the 15 cents offer---to tell you the truth i was even tempted to buy sone of this POS. But it only took me one day to get to the bottom of this scheme. Some of you guys should have discovered the scam a long time ago.
At this point the best thing to di is to stay out of this scam. If you sell short you are doing it because you got inside information on this board, which might be illegal!!!!LOL!!!
right now .0134....no time to get short fast enough...RUN NOW