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Yea, Etrade has already notified me that they have suspended trading of this penny. Don't know. Will hold onto it for a year, but, I will say this much, if someone in the future does pick the product line it has been my experience in the past that they may not honor the shares that current holders have and may open under another name and may change the name of the product line but thats pure speculation. As of today Etrade will no longer trade on this company.............
It's not a project for a penny stock, its a project for much deeper pockets and much deeper pockets have no interest in it. As the little man from the draft board once told daffy duck - Now, I wouldn't say that..... The games are selling and the creator of the game may or may not know this, the game is preching the gospel to children and young people alike, the Word never comes back void, and if the creator of the games is tithing or investing the profits of the game back into the gospel then I believe there is a chance that this business could possible come back but if he is stealing the profits then he will be stolen from which is sowing and reaping. I will hold onto what I have for another year, then if I don't see any activity at all then will write it off as a tax loss.........
I'm holding on to what I have. The economy is still fragile and from what I can see they were doing great until about 5 years ago when the market tanked....They are still in buisness and I see volume activity in November which give me an indication that someone knows something I don't know. I'm optimistic. Will check back in a few months.....
Shares haven't converted - I have etrade......They told me 4 to 6 weeks, 1 / 1000 shares, and posted a date of 11-11-13 .....h'mmmmm....Anticaption is making wait......it's keeping me wwwwaaaaiting....
Never mind all this pure speculation BS....What would be nice is that the shares most of have would get released to the new shares so that we can eaither hold'em or fold'em...right now most of us can do anything until the shares get released......Been OOP, has anyone acquired the new NVOB shares???????
Unable to sell locked up shares, most would probably go for a quick sell if able.....Yes exactly and the folks at NovaCab are very much aware of this situation. It would freak me out if this share went to $5, not saying it wouldn't...Just doesnt seem like the assets are there.....
Those us who owned SBRH are on hold right now......Etrade has a number instead of the symbol and the price of he shares were at one time $.050 then about 2 weeks after that went from .050 back to .0002 and Etrade corporate rep tells me that they are waiting for the release of the new shares...from What I understand for every 1000 shares of sebastian river holding stock you used to own you will now or "SUPPOSED" to receive 1 share of the new stock which is novacab. They also told me it would take roughly 4 to 6 weeks or longer for the release of the new shares.....Its been roughly about 4 weeks since all this took place.....As far as prices for the new shares it's all pure speculation......I had a knot in my stomach when they first opened up NovaCab @ .300..Most everyone "BELIEVES" it could go to $5 to $10 a share but still that is pure speculation...I am hoping it doesn't go the way that BBY is going.......Merry Christmas!!!
The advise I was given yesterday was that before some of these penny stock companies merge with other companies and eaither have a forward or reverse split it would be best to sell what you have. The advise I also got was to look well into the companies your buying shares in to know if you should fold before the mergers begin. We are dealing with penny stock companies and not dollar stock companies........4 to 6 weeks for them to transfer over the new shares...I must have heard this 5 times.....Yesterdays value was .280...in my novice opinion this may well be what we are truly dealing with.......We are not talking about a billion dollar corporation............I hope for $5 dollars but for now will be happy if they will change over the shares before we have nothing......
Sorry for the poor sentencing and spelling...Had a little to much to drink at company Christmas party. As the etrade corporate rep put it "better a reverse split at dollar shares rather than penny shares" - we are dealing with mirco or macro cap and NOT small or mid cap...in other words its a gamble....Got this news at of 9am CST this morning.....If anyone has better news, I will be all ears................
Etrade informed me today it could take 4 to 6 weeks for the shares to change over. At .280 or less with less shares I told the corp rep that it would have been much better if I would have sold at .0003 than to wait. Yes this has been a blood bath and in his opinion they corp world does this as not to lose on their end.....If everyone would have been given the chance to sell a hytheical 1 million shares @ $.050 ($50 grand ) it probably would have cleaned there clock....As the corp rep put better a reverse split at dollar shares rather than penny shares - we are dealing with mirco or marco cap and NOT small cap........sorry if I bursted anyone bubbles. It's only been roughly over 3 weeks since they suspended trading...........Please let me know if anyone has heard anything else...Just passing along news I heard today......
It can happen. Hell Sebastian River Holdings for months was at .0001 then about 4 months ago it started the .0002 to .0006 then merged with NovaCab Intl inc. the stock did a reverse split and now were all waiting for the our little stinky pinky to come out of merger land so that we can sell it off. Just hold onto it cause you just never know what might happen in the mirco cap world..........
Yea, Etrade has me locked out also.......Just sit and wait it out.........
Yea and that's what they said about sebastian river holdings...now NovaCap......Buyouts and mergers happen all the time and when you least expect it....I'm putting it on the back burning for now..........
I heard that no value will change----subject to change---but that it going to be a reverse split....Yea I know I maybe a bit late but this info came from etrade.........will see.......someboday let me know if I am been bs'ed again?????
ETRADE revalued my stock after the sale or merge of the two companies then posted the value. It went from .0001 to .050.......didn't fold, but instead held on to what I have. Yes once again, ETRADE has SBRHD asking $3.00 at this time. So anything can happen tomorrow. Haven't seen this kind of move since Gattway industry went from 0% to over 16,000%..It's been a good day with the pennies.....another I hear to make a substantial move is QOIL...........
Etrade......I saw it convert then almost pailed out but did a Kenny Rogers and did a hold em......I have a gut feeling there is gonna be some movement. I don't have a whole lot but what little I have could go far......Have seen a move like this in some time.......
Mine have converted...Dont know if I need to stay in or let go.......?????????
Billbo
Yea, this is what I have read. Tuesday and Wednesday Troy, Knox sr., and Knox jr. have resigned and another christian video company called Lifeline Studios supposedly paid the debt obligations have taken over the product line...........Someone please correct me if I am wrong.....Now if we can get past the debt crisis maybe we can make some money...........
Yea it almost sounds to good to be true.....Encounter Tech did this one, for about a year it was .0001, then suddenly without warning it went to .0095 for but a second and folks freaked out about it...only lasted for a second then went bye,bye........Usually from what I have read, these companies usually send out a news bulletin letting you know they are changing management chess board pieces or introducing somekind of new gizmo they have invented then you watch the penny make a move. All I have heard about this stock is that the owner is trying to duck and dodge alleged fraudlent buisness practices charged against him by the SEC...
Off and on for about 3 years I have made around $400 dollars on this stock. Yea I know it aint making millions, but for my intial investment of $100 dollars it's made me some christmas money...............Need to purchase more because as one investor put it the mid east in my opinion (which couldnt buy a cup of coffee) will no longer be the stable environment it has been....I believe the dark storm clouds of a major regional war are on the horizon...I hope I am wrong but that what it appears.....
I believe you may have a point. I have listened to planners from oil companies and chemical companies here in houston and they have been saying for years that things in the mid east are NOT stable and the situation appears to be getting worse. The oil,gas, and chemical companies that crack oil for derivatives look for a stable economic environment and they say it's about to change in the mid east. Planners were talking that the refineries down in the Houston and golden triangle could possibly be the major exporter of oil to the world and at this time you have Olefins unit expansion in the chemical plants due to the cheap price of natural gas....just saying that fracking and refining of oil from sand is about to be a booming buisness in the western hemisphere............Quest oil just might be a part of it..........
I had about 2 million shares of this OTC stock and wished I would have never sold it.
Will hold onto it till Christmas, then dump it.
Don't believe it was a scam. This company is tied up in mitigation due to accounting problems and paying bills is what I am hearing from a good source.It reminds me a whole lot of sebastian river holdings which for awhile was having financial problems, then when that was over, and they came out of the red that stock took off from .0001 to .0015 and has been holding steady between .0014 to as high as .0017...Yea if you have 5 to 10 million shares in their you've made money. The only reason why I even mention all this is as of 9-28-12 etrade has temporialy stopped trading on LFBG. I tried for 3 days to purchase additional shares and the purchase expired. Called etrade and they told me they have temporialy halted all trading on LFBG. Told the rep that if you know all this info you need to notify by "ALERT" that the stock is temporialy no longer available for purchase." Hope that suggestion / message didn't fall on deaf ears......
I have been trying to purchase more of their stock on etrade but for the past 2 days my purchase attempts have expired. Is there something going on at LFBG or with etrade????