says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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They already 'sold' 90 processors to Sousa in Florida, 3 to RockTenn in Florida, 6 to Econavigation, a couple to Madison County in NY
What happened to all that 'money'?
Oh, I forgot, they also hired a salty sea captain to pilot the ships that Heddle was building...what happened to the Plastic Navy?
All those 'sales' and nothing to show for it.
Sham deals from a scam company.
One filing from the SEC, and this never trades again.
I don't know of a stock that's more delinquent in filing than FRGY, that hasn't been revoked.
Certainly, many have been revoked for missing fewer filings. Sooner or later, the SEC has to get back to the 'F' stocks.
Heddle hid the fact that the flagship machine blew up in Dec. 2013 for 6 months before disclosing, while those 'in the know' dumped shares.
Heddle claimed in SEC filings that the damage was fixed. Then he claimed in other SEC filings that the damage still needed fixing.
Why no one sued Heddle is beyond me, but the statute of limitations has passed on his fraud.
Mission Accomplished! Just need to turn the shell back to Bordynuik this Spring, and he can get back to boating full time.
Don't you just Love it when a Plan comes together?
On December 22, 2009, the Company and Rick Heddle agreed to a Joint Venture whereby Heddle Marine Service, Inc. will retrofit ships with P2O processors. The Company is now finalizing a JV Agreement for production of its first P2O ship with Heddle.
Econavigation had the same dollars and royalties and maintenance contracts specified.
Econavigation was a Sham deal.
This is a Sham deal too. You only need wait until April to find out why.
Plastic2Oil Announces New Contracts for the Sale of Proprietary Plastic2Oil Processors and License of Plastic2Oil Technology
Posted Jan 12th, 2015 in 2015 News Releases
• Plastic2Oil has contracted to sell Plastic2Oil processors to EcoNavigation, LLC over the next three years
• Provided the terms of the contracts are met, the minimum gross proceeds to Plastic2Oil will be $15 million, as set forth in the Form 8-K filed January 8, 2015 with the SEC
• Plastic2Oil granted EcoNavigation a non-exclusive license of its technology and will receive a royalty of five percent of gross revenue from fuel sales
• Plastic2Oil will receive not less than $0.50 per pound for use of its proprietary catalyst
• Plastic2Oil will also provide on-going monitoring and maintenance services at agreed upon costs and rates
http://www.plastic2oil.com/site/news-releases-master/2015/01/12/plastic2oil-announces-new-contracts-for-the-sale-of-proprietary-plastic2oil-processors-and-license-of-plastic2oil-technology
Anyone that falls for this latest ruse probably shouldn't be gambling on fraudulent penny stocks. N'cest Pas?
They won't even post the Master Agreement until the 10K comes out
In April (they're always late with it).
The Agreement with Rocktenn had redacted parts that covered how the agreement could be nullified. It was, without explanation.
This one will be too, some time in the April-June timeframe.
No money will change hands. This is another sham deal, like EcoNavigation and RockTenn.
No one would agree to 5% royalties on gross sales when the process is proven to lose money on a gross basis, nevermind net.
Sham Deal. Take it to the bank (and get laughed at).
Just 5 days until the latest MOU extension evaporates.
Can't you feel the excitement? The next MOU extension will take us to the time of Bordynuik's triumphant return to public company officer status.
Doesn't that give you a thrill up your leg?
C'mon, there are people with money that need fleecing.
Bordynuik: Not the Hero we want, but the Hero we deserve.
Could you point out where in the Asset Purchase Agreement it says that?
Are they getting all the stock? Even yours? How would that work?
True
https://www.sec.gov/Archives/edgar/data/1475273/000155335017001015/soup_ex10z1.htm
Section 2.2 (h):
Section 2.2. Excluded Assets.
Nothing herein contained shall be deemed to sell, transfer, assign or convey the Excluded Assets to Purchaser, and Sellers shall retain all right, title and interest to, in and under the Excluded Assets. For all purposes of and under this Agreement, the term “Excluded Assets” means:
...
(h)
all shares of capital stock or other equity interests in any Seller or any securities convertible into, exchangeable or exercisable for shares of capital stock or other equity interests in any Seller;
Purchaser *did not* buy the shares of old SOUPQ as a part of the Asset Purchase Agreement.
You should look up what Excluded Assets were identified in the Purchase agreement.
Hint: all the capital stock was Excluded from the purchase.
Everything you need to know can be found at sec.gov.
After Heddle successfully delivers the empty shell back to Bordynuik next Spring
there probably will be a draconian R/S and maybe a new share issuance.
The Niagara region seems to be a target rich environment for penny stock rubes, waiting for a shearing.
Bordynuik and Heddle are just providing a service...
ISBG International Spirits & Beverage Group, Inc. Pink Current Logo
Common Stock Alternative Reporting Pink Current Information
Let the dumping begin anew! Just in time for the Holidays!
What's our Clearance, Clarence?
It will trade until it doesn't.
I can't tell you what to think about the filing. That's on you.
Chapter 7 == Liquidation
Perhaps you should avoid Q stocks...
While corporations that have been liquidated under Chapter 7 bankruptcy proceedings may not
technically be dissolved, they survive with one foot in the grave. They are not able to bring prepetition
causes of action and cannot own or operate assets. On the other hand, liquidated
corporations are still liable for any debt that was not satisfied in the liquidation if they resume
business operations. The result is that corporations after a Chapter 7 bankruptcy are useless
for all practical purposes. The next logical step for such a corporation is dissolution under state
law in order to fully close the affairs of the defunct corporation.
Chapter 7 liquidation
there will be no company or ticker left after the liquidation.
I believe they have said there will be no distribution available to common shareholders after liquidation (any secured debt holders will not be made whole).
Docket 216 is just the application for reimbursement
Docket 215 is the hearing (unopposed) they had today. The order was signed.
You need to click the 'dot' on the item.
Full docket text for document 215:
Minute Entry Re: (related document(s): [214] Notice of Matters Scheduled for Hearing) Appearances: Christopher A. Ward and Mark Kenny. Hearing held and order signed.
Friedman and Company worked to promote this stock on this board and others.
Friedman is a non-disclosing stock promoter (taking compensation for stock promotion without disclosing that fact).
He has a long history of marketing really slimy scams, like this one.
Leaky Brain?
I've heard rumors he's good at golf. Any truth?
Being good on the golf course will probably come in handy for those sales efforts...
Frontier Energy Services has nothing to do with FRGY
Nothing at all. You're buying worthless chits of paper if you buy FRGY shares.
You can't sell because you don't hold the new CUSIP in your account
...as I understand things. Wait for it.
I imagine they'll file financials quick, so that note holders can sell for fat profits in the mean time.
Bam! Fact!
I believe the law firm bringing this action
is Tung and Chic, LLP
Seems reasonable that the reduction in A/S is accompanied
with another corporate action; you don't need 8 pages to tell NV SOS that you're reverse splitting the common shares.
Their May 17, 2017 amendment took precisely 1 page.
If you managed to buy this at .0002
you're at a 50% loss today, if you could have sold.
After today, and after the Reverse Split, you're looking at another 95% loss (.0020 to .0001) on top of that.
It might open at .0020 on the day the reverse split is active, but you won't be able to trade your shares that day...you'll have to wait for the new CUSIP, I believe.
It'll be .0001 again before you can click the Sell button.
Enjoy your Tequila, boyz!
This is a message board.
People come here to discuss ISBG and its management.
How do you feel about Alonzo Pierce telling you 'no reverse split', and here we are, facing a reverse split?
Do you feel lied to? Are you happy about this turn of events?
Do you think you'll still get 2 cents per share some day?