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Yes ... Scotty's still showing DEXTQ#
OT: Fyi... This is from www.donotcall.gov
Did you get an email claiming that your cell phone is about to be assaulted by telemarketing calls because of a new cell phone number database? Those claims are not true. In fact, federal law prohibits telemarketers from using automated dialers to call cell phones. You may place your personal cell phone number on the National Do Not Call Registry, but there is generally no reason to do so. For more information, see the FTC's press release "The Truth about Cell Phones and the Do Not Call Registry".
Friend of mine works for Shell at Deer Park. I asked him to check out our boys if he got by the OTC next week.
Feature Request: How hard would it be to modify the Hot! -> Most Read Today page to show, in addition to the current rank, yesterday's rank and/or last week's rank. You know ... ala Billboard Hot 100 <grin>. This would give a feel for whether or not a certain stock board was on the incline, or decline.
On that same note ... I'm surprised the bankruptcy creditors who were issued shares (as payment for debt) aren't screaming bloody murder right about now.
If anyone were to bring this matter before the U.S. Bankruptcy Court, and the SEC, this company would get not one but two slaps on the hand. That's why they're not cancelling out shares that we recently purchased. It's a powder keg and they know it.
They're hoping the "rolled back shares" thing will passify shareholders ... and that they can slip in the R/S without getting reemed by a federal judge. As long as no one objects, they can probably get away with it. If someone objects, however, that could be a whole different ball game.
Sure enough <he>. Well that looks a little better.
"In The Midnight Hour" might be more appropriate LOL. Now that we're down to .0005, we should see some good action tonight.
Now it 'is' very possible that the bankruptcy proceedings are not officially over yet, as this is a Chapter 11 and not a Chapter 7, however I think it's safe to say that the provisions of the plan have been enacted.
From the 8-K, dated 9/27/06...
April 13, 2006 was deemed the “Effective Date” under the Plan. After this date, the Company shall be referred to as the “Reorganized Debtor.” Under the terms of the Plan, the Reorganized Debtor is authorized to take the following actions:
(i)
after issuance of the New Common Stock, cancel the previously issued shares, and,
(ii)
issue 25,000,000 shares of common stock, $.001 par value, to the Investors (the “New Common Stock”),
(iii)
convert the $50,000 DIP Loan upon presentment to the Reorganized Debtor by the holders of the underlying note into 6,000,000 common shares and 3,000,000 warrants having an exercise price of $1.00 for five years, all of which will be issued as payment for the obligations under the DIP Loan,
(iv)
issue 25,000 common shares to be distributed to holders of Allowed Class 3 General Unsecured Claims, in addition to 100 shares of common stock to be distributed to each unsecured Allowed Class 3 General Unsecured Creditor who is not also an Allowed Class 5 Interest holder;
(v)
at Company’s discretion, have newly-appointed Directors issue 25,000 shares (“New Shares”) to persons designated by the new Directors as part of the Share Transfer transaction, at no further consideration to the Company.
---
ITEM 8.01 OTHER EVENTS.
Pursuant to Bankruptcy Court Order and by filing a Certificate of Amendment to its Articles of Incorporation, the Company increased its authorized capital stock, par value $.0001, and effected a 1-for-500 reverse split of all isssued and oustanding stock, effective July 27, 2006.
Pursuant to the Bankruptcy Court Order, on September 8, 2006, the Company issued New Common Stock: 25,000,000 new shares of restricted common stock to investors, and 25,000 common shares to fifty holders of Class 3 Claims and an additional 100 common shares to forty eight Allowed Class 3 General Unsecured Creditors not also being an Allowed Class 5 Interest Holder. These New Common Stock shares are being distributed to the owners beginning the week of September 25, 2006.
Also pursuant to Bankruptcy Court Order and effective September 8, 2006, the Company cancelled all previously issued common or preferred shares. A Certificate of Amendment of its Articles of Incorporation was filed with the State of Delaware effecting this cancellation.
The 9s are going fast!
Only 1 left a .0675
DEXTQ moving back up after the false rumor.
Why am I not surprised LOL.
A little volume and this thing would take off. Where's our boy 50 when you need him? LOL
Good deal -- that's a little more re-asssuring .
Sorry guys, but after coming to the realization that 'ol LEHAT's office in Toronto is little more than a UPS Store ... I'm not too optimistic about anything significant happening with this stock moving forward.
To the true believers ... I'd say forget about Larry and start pumping Ms. Hui for information. Information about the company ... not just the Dalian deal.
I like how Michael Fearnow plays dumb, when he should be well versed on the DEXTQ bankruptcy proceeding. That's a real class act.
Somebody's F.O.S.
Is this the guy who's supposed to be our confused CEO?
http://www.gopublic.com/resumes.html
That's what I'm saying. Sounds like Mike Fernow is seriously confused ... or trying to perpetrate a whammy.
Re: the cancelation of shares ... I can't help but think about the 28,000 or so shares that were issued to creditors after the fact. I mean, surely the creditors (and the bankruptcy court) are not going to sit back and allow the company to satisfy non-discharged debts with shares that are worthless or soon to be worthless. That just wouldn't fly IMHO.
Got filled at .08
That last UT was my 6k buy. Shares are tight.
Woo Hoo. That BHUB board's looking pretty wild today LOL.
Nah. Did pretty good on BHUB earlier in the week though. If it ever dips I figure I'll reload!
Maybe if it hits .0003 again
In DBYC here - looking good
In PKTO ... Go Baby Go!
Agreed. There are a few who claim it's mostly a done deal ... we shall see <he>. If the rumor is true, hopefully we see something along the lines of PKTO.
Thanks Green -- it's looking like a good entry point at these levels.
AZTC looking good...
In BHUB @ .0003
Picked up a few GMDP as well. Hopefully we see a little action on that one tomorrow morning.
Tough market today.
JKXJ -- the train's leaving...
Operation "shortalot" LOL. Considering the timing of this action with the changes that took place at the beginning of the month, I would say it makes a great deal of sense.
Seems to me ... left to their own devices ... the SEC's answer to the short problem is just to let these four companies get the skull and crossbones. That would solve the problem for them, the DTCC, and the shorts.
On the other hand ... there are two things that could change up the status quo. One would be for Larry to step up and prove that he's not a scam -- pronto. The second would be for members of the media to grab ahold of this "alternative" theory, do some investigating of their own, and start "smoking out" the truth. The popular press could pressure the SEC to straighten up and fly right ... even if no one else can. While they would never admit wrongdoing, at least they would (under increased public scrutiny) knix the kangaroo court action and give Larry a fair shake.
JMHO
Grabbed a little BISA too. Looking good.
BISA -- picked up a little at .06
Scotty not recognizing SIGN yet.
SIGN looks like it might be a good play. Props to SSP.