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BSTI......................looks interesting
BSTI
I am aware of all three and as i said in my original post these are minor red flags. That is why I like to play reporting companies vs non reporting companies. There is always a paper trail to folow with the reporting companies.
the way the stock is being manipulated IMHO it doesn't matter when it is announced
and if it is as big as I think it is there is no way the stock can be held back anymore
if those who need to cover have not as of yet it would be a good idea to do so quickly IMHO
oh clayton knows exactly where the negotiations stand as does the rest of his team
You hit it right on the head jimmenknee they received their NASDAQ notice today.....WSTL that is
Serves em right if they do get caught on the bad side of a great PR............they can't hold this stock back much longer ............
I step out and the volume goes nuts.....some big blocks bought today by the TA IMHO...............I'd say the actual float (accounting for the divvy screw up) is closer to 16 million. Until the float is forced to match Clayton's numbers we will continue to trade between .018 and .027
I almost got the 024 paint i predicted but it closed even at 023
Could someone please post the buys vs sells numbers for today.
Please do not make investment or trading decisions based on what you read from a stock board. Do your due diligence before buying any stock especially a penny stock. The stock market is where money is transferred from the impatient to the patient
I'm not sure exactly what is going on but the Manipulation definitely points to what you say when they force it down after a positive PR.
And since it's a pink sheet stock all we can do is wait it out or sell and move on to the next play.
And today we have 250,000 shares of buys on 299,000 total volume and we are down 13%.................make sense????
I'll bet we close at 024 with an EOD paint job only to seee it drop at the open tomorrow
Please do not make investment or trading decisions based on what you read from a stock board. Do your due diligence before buying any stock especially a penny stock. The stock market is where money is transferred from the impatient to the patient
well lawyers have been known to be underhanded....I trust Clayton more than I trust ANY lawyer
another 100K buy and the bid/ask just sit there
hold it down for the TA to buy
see my post 59838
Those would show as buys at the bid......a little easier to see those......IMHO (and this is all speculation) the lawyers agreed (without clayton's knowledge) the TA is responsible and we will allow them to buy back 10 million shares and retire them when it is complete.
IMHO that is why everything is taking so long
My guess would be the TA.............my philosophy is the TA has to buy 10 million shares and retire them.....Once they complete their buy the shares will be retired. Someone prove me wrong......
I agree but will the SEC do anything??
WM I'd say wait til it hits that July 14 low
Please do not make investment or trading decisions based on what you read from a stock board. Do your due diligence before buying any stock especially a penny stock. The stock market is where money is transferred from the impatient to the patient
YEP and another 100K buy at .02..............somebody keeps buying large chunks down here .........but does the ask move up like it should?.....................NO..........Market Manipulators
ASFX
ASXF Going Nuts
APII News
Action Products International, Inc. Acquires B.E. Overseas Investment Group LLC
Chairman/CEO to Step Aside, Names Successor; Companywide Focus on Growth in Current and New Consumer Product Industries
Last update: 10:24 a.m. EDT Aug. 25, 2008
ORLANDO, FL, Aug 25, 2008 (MARKET WIRE via COMTEX) -- Action Products International, Inc. (the "Company") (APII:Action Products Intl Inc
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Last: 2.33+0.10+4.55%
10:29am 08/25/2008
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APII 2.33, +0.10, +4.6%) announced today it has finalized the acquisition of B.E. Overseas Investment Group LLC, and directors have approved Mr. Neil Swartz as the Company's next CEO and Chairman.
B.E. Overseas is a merchant bank and consulting company that provides foreign companies capital and intellectual property for access to United States markets. At the time of acquisition two primary companies are included in B.E. Overseas' investment portfolio, B.E. Home Medical Products Group and Bunch of Expressions. Through the B.E. Home Medical Products Group, B.E. has agreements to release several electronic home health products from overseas companies. Bunch of Expressions is a uniquely modeled import and distribution company selling fresh flowers from South and Central America in the United States.
With the acquisition of B.E. Overseas and its investments, on September 2nd Ronald Kaplan will be succeeded as APII Chairman/CEO by Neil Swartz, CEO and Founder of B.E. Overseas. Mr. Kaplan will take the position of President/COO. Mr. Swartz combines extensive entrepreneurial and capital recruitment experience with a firsthand knowledge of a variety of established and growth business sectors. Mr. Swartz is a CPA and earned a BS degree from Northeastern University in accounting. He started his career as a Certified Public Accountant for a prestigious top four accounting firm and was a member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants. Mr. Swartz's additional business experience includes terms as Managing Director of a Mergers & Acquisition firm. Prior to that he ran an investment-banking company that worked with high growth companies preparing to go public, as well as initially providing them capital. He was Chairperson and CEO of a NASDAQ listed software company. Mr. Swartz served on the Company's Board of Directors from 2002 to 2006. Other current employees of B.E. will be employed in APII's wholly owned subsidiary, Action Healthcare Products, Inc.
In presenting to directors of APII, Mr. Kaplan stated that, consistent with plans he previously laid forth to shareholders, the acquisition of B.E. adds two important ingredients to APII:
First, the addition of the B.E. Home Medical Products Group will allow the Company to utilize the infrastructure developed in Action Products. The Company maintains strong relationships with many ISO certified manufacturers based in China, has best of breed software, efficient supply and distribution logistics management and access to capital that growth industry consumer product companies will find highly beneficial.
Secondly, the Company's incoming Chairman & CEO brings business development and investment banking skills to help grow and finance APII based on the Company's new direction. Mr. Kaplan will remain to focus on recruiting and integrating new products and corporations into a growing APII family of consumer companies.
Mr. Swartz comments, "By becoming part of APII we will be better able to give B.E.'s clients the infrastructure backbone to introduce product lines to US markets much faster and less costly. APII has wisely invested a tremendous amount in building a strong distribution infrastructure as well as creating and maintaining a solid capital structure. We will have the products and capital to realize returns on those investments."
Mr. Swartz further stated, "Our goal is to bring growth and profitability to the company as quickly as possible. We are in the process of turning around our children's business towards profitability and entering new markets that will utilize the structure and infrastructure Action has put in place. From the analysis of Action we feel that there is an underlying value in the company that is ready to be maximized. We are determined and focused on turning the company back to growth and profitability. Our mission is to give good returns to our shareholders. We feel we have the human resources, and capital resources are available for us to carry out our plan."
Ensuring good near term cash flow the Company has received a commitment from Sizer Capital Fund, LLC (a B.E. Overseas investor) to receive an equity investment of $500,000 (five hundred thousand). The Company is selling to Sizer Capital 500,000 shares of newly-authorized convertible preferred stock, each share of preferred stock is convertible into one share of the Company's common stock.
Mr. Kaplan's closing comments: "I am pleased and thank the employees, customers, and shareholders of APII. I believe the company is better than it was when we started the transformative period in 1997 since overcoming more than a few tumultuous times and events, and I believe APII will achieve unprecedented performance. I believe our children's business can get back to operational profitability in 2009 and will directly benefit from the divisionalizing of corporate and public company related matters. While our children's business returns to growth, as a shareholder I look forward to the Company entering high-growth sectors. I thank Mr. Swartz and our Directors for joining and taking these steps at this time and allowing me to focus on those aspects for which I am best suited."
About Action Products International, Inc.
Action Products International, Inc. is a global manufacturer and distributor of brand-focused educational and non-violent children's products. In business for over thirty years, the Company's products are distributed and sold by more than two thousand retail stores in the US, Canada and Internationally. For more information about Action Products International, Inc., please visit our website at www.apii.com. APII has transformed itself from a toy company to a holding management company that builds value in profitable and growth stage consumer product companies by providing capital as well as a range of strategic, operational, and management resources. Our expertise and leadership helps accelerate growth, build long term value and enable business transformation for each of our companies.
Safe Harbor Forward-Looking Statements
Statements contained in this release that are not strictly historical are "forward-looking statements." Such forward-looking statements are sometimes identified by words such as "will," "intends," "anticipates," "believes," and "expects." The forward-looking statements are made based on information available as of the date hereof, and Action Products International, Inc. assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that could cause Action Products International, Inc.'s actual results to differ materially from those in these forward-looking statements. Such risks and uncertainties include but are not limited to demand for Action Products International, Inc.'s products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for Action Products International, Inc. and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
Contact:
Action Products, Int'l, Inc.
Ronald Kaplan
CEO
407-660-7200
Rkaplan@apii.com
Robert L. Burrows
CFO
407-660-7200
Rburrows@apii.com
B.E. Overseas Investment Group, LLC
unless there is an announcement that the divvy scewup has been resolved and 10 million shares will be disappearing
I was referring to trading/chart momo.
With a few ask slaps she could gain some serious momo
I think you are correct. I expect big big things from UDHC in the upcoming weeks.
WSTL news
Westell Technologies Repurchases Stock
Sunday, August 24, 2008; Posted: 02:32 AM
Westell Technologies, a provider of broadband products, gateways and conferencing services, announced that since the end of the blackout period on July 28, the company has repurchased 963,481 shares on the open market.
Following these purchases, the company still has $9.2 million dollars remaining under its current authorization.
CEO Bernard Sergesketter purchased an additional 40,000 shares on August 19, bringing his total purchases since the end of the blackout period to 100,000 shares.
But capitalism is based on 'let the buyer beware'
A non reporting pinky taking over a reporting otcbb stock...I don't think that automatically qualifies them to become an otcbb stock. They still would have to go thru the uplisting process
Check this out you might have some money coming to you!!
Lone accountant takes on IRS and wins By CHRISTOPHER S. RUGABER, AP Business Writer
2 hours, 19 minutes ago
WASHINGTON - It took seven years, but Charles Ulrich did something many people dream about, but few succeed at: He beat the IRS in a tax dispute.
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Not only that, but tax experts say potentially millions of other taxpayers could benefit from his victory.
The accountant from Baxter, Minn., challenged the method the IRS has used for more than 20 years to tax shares and cash distributed by mutual life insurance firms to their policyholders when they reorganize as public companies.
A federal court recently agreed with his interpretation.
"There's a tremendous amount of money at stake," said Robert Willens, a New York City-based tax analyst at Robert Willens LLC. "Tens of thousands of people could be in line for a refund."
Don Alexander, an IRS commissioner in the 1970s and now a tax attorney in Washington, said while it's not unusual for individuals to take on the agency, "most of them lose."
Alexander called it "quite a significant case."
The dispute arose when more than 30 mutual life insurance companies became publicly traded corporations in the late 1990s and earlier this decade, in a process known as "demutualization."
Mutual companies are owned by their policyholders, so the companies provided stock and cash to compensate them for the loss of their ownership interests when they went public.
All told, roughly 30 million policyholders received distributions, Ulrich estimates. MetLife Inc. provided over $7 billion of stock to about 11 million policyholders when it went public in 2000, while Prudential distributed $12.5 billion in stock to another 11 million.
The IRS held that the recipients hadn't paid anything for the shares and owed taxes on the full amount when the shares were sold. Cash distributions also were fully taxable, the IRS said.
That didn't sound right to Ulrich, 72, an accountant for 49 years. He began researching the issue in 2001, when he received shares from two companies, Prudential and Indianapolis Life.
Ulrich concluded that policyholders had paid for their ownership rights through their premiums so the distributions should have been tax-free.
That could make a significant difference in what a taxpayer owes. If a company distributed shares worth $30 and a recipient subsequently sold them at $32, under the IRS' view they would pay taxes on all $32. Under Ulrich's interpretation, they would owe taxes only on the $2 per share gain.
In 2003, Ulrich publicized his views by contacting tax and insurance experts and setting up a Web site.
"Largely I was regarded as a lunatic," he said, who "would never prevail against the IRS."
Still, some people who'd paid taxes contacted Ulrich and asked him to file refund requests, which he did, for a fee. Some of those refunds were granted, he said. Tax experts say the IRS doesn't always closely scrutinize small refunds.
One of his clients, Jean Prevost and her husband, Jim, who live near Minneapolis, received a refund of almost $1,500 in federal and state taxes in 2003.
"It wasn't a huge amount of money, but it was ours," she said.
But the IRS wasn't pleased with Ulrich, accusing him of promoting abusive tax shelters and demanding the names of his clients, which he said he refused to provide.
The agency backed off in 2004 with help from the IRS's Taxpayer Advocate office, Ulrich said.
IRS spokesman Bruce Friedland said the agency is prohibited from commenting on its interactions with taxpayers.
One of Ulrich's clients, Eugene Fisher, a trustee for a Baltimore, Md.-based trust, sued the IRS in February 2004 after being denied a refund.
Judge Francis Allegra of the Court of Federal Claims in Washington sided with Fisher and called the IRS' view "illogical" in an Aug. 6 decision. He ordered the agency to refund $5,725 in taxes plus interest to the trust overseen by Fisher.
It's not clear how many people could benefit from the ruling. Many of the 30 million policyholders are probably too late to seek refunds, since claims must be filed within three years of the April 15 tax deadline. That means the statute of limitations for taxes paid for 2004 ran out April 15, 2008.
Many individual taxpayers may not have enough at stake to go to the trouble, said Burgess Raby, a Tempe, Ariz.-based attorney who represented Fisher. Still, millions of policyholders could benefit from the court's ruling, he said.
Raby credits Ulrich with being the driving force behind the issue.
"The genesis for this was Chuck's real feeling that this was an unfair position" by the IRS, Raby said.
The government could appeal the ruling and likely will fight future refund claims, perhaps hoping for a different outcome in a separate court, tax experts said.
Charles Miller, a spokesman for the Justice Department, said the government hasn't yet decided whether to appeal.
Still, taxpayers should request refunds if they're eligible, the tax experts said, because even if the IRS rejects the claim, doing so extends the deadline for a potential refund for two more years.
Ulrich will prepare refund requests for interested taxpayers, for a fee, and has posted additional information at his Web site, http://www.demutualization.biz. But he said the principle is more important to him.
"I think it's important that taxpayers' rights be protected," he said. "We should have had a Boston Tea Party over this."
For all those who call people over 50 'old farts', look what this guy did to the IRS
Lone accountant takes on IRS and wins By CHRISTOPHER S. RUGABER, AP Business Writer
2 hours, 19 minutes ago
WASHINGTON - It took seven years, but Charles Ulrich did something many people dream about, but few succeed at: He beat the IRS in a tax dispute.
ADVERTISEMENT
Not only that, but tax experts say potentially millions of other taxpayers could benefit from his victory.
The accountant from Baxter, Minn., challenged the method the IRS has used for more than 20 years to tax shares and cash distributed by mutual life insurance firms to their policyholders when they reorganize as public companies.
A federal court recently agreed with his interpretation.
"There's a tremendous amount of money at stake," said Robert Willens, a New York City-based tax analyst at Robert Willens LLC. "Tens of thousands of people could be in line for a refund."
Don Alexander, an IRS commissioner in the 1970s and now a tax attorney in Washington, said while it's not unusual for individuals to take on the agency, "most of them lose."
Alexander called it "quite a significant case."
The dispute arose when more than 30 mutual life insurance companies became publicly traded corporations in the late 1990s and earlier this decade, in a process known as "demutualization."
Mutual companies are owned by their policyholders, so the companies provided stock and cash to compensate them for the loss of their ownership interests when they went public.
All told, roughly 30 million policyholders received distributions, Ulrich estimates. MetLife Inc. provided over $7 billion of stock to about 11 million policyholders when it went public in 2000, while Prudential distributed $12.5 billion in stock to another 11 million.
The IRS held that the recipients hadn't paid anything for the shares and owed taxes on the full amount when the shares were sold. Cash distributions also were fully taxable, the IRS said.
That didn't sound right to Ulrich, 72, an accountant for 49 years. He began researching the issue in 2001, when he received shares from two companies, Prudential and Indianapolis Life.
Ulrich concluded that policyholders had paid for their ownership rights through their premiums so the distributions should have been tax-free.
That could make a significant difference in what a taxpayer owes. If a company distributed shares worth $30 and a recipient subsequently sold them at $32, under the IRS' view they would pay taxes on all $32. Under Ulrich's interpretation, they would owe taxes only on the $2 per share gain.
In 2003, Ulrich publicized his views by contacting tax and insurance experts and setting up a Web site.
"Largely I was regarded as a lunatic," he said, who "would never prevail against the IRS."
Still, some people who'd paid taxes contacted Ulrich and asked him to file refund requests, which he did, for a fee. Some of those refunds were granted, he said. Tax experts say the IRS doesn't always closely scrutinize small refunds.
One of his clients, Jean Prevost and her husband, Jim, who live near Minneapolis, received a refund of almost $1,500 in federal and state taxes in 2003.
"It wasn't a huge amount of money, but it was ours," she said.
But the IRS wasn't pleased with Ulrich, accusing him of promoting abusive tax shelters and demanding the names of his clients, which he said he refused to provide.
The agency backed off in 2004 with help from the IRS's Taxpayer Advocate office, Ulrich said.
IRS spokesman Bruce Friedland said the agency is prohibited from commenting on its interactions with taxpayers.
One of Ulrich's clients, Eugene Fisher, a trustee for a Baltimore, Md.-based trust, sued the IRS in February 2004 after being denied a refund.
Judge Francis Allegra of the Court of Federal Claims in Washington sided with Fisher and called the IRS' view "illogical" in an Aug. 6 decision. He ordered the agency to refund $5,725 in taxes plus interest to the trust overseen by Fisher.
It's not clear how many people could benefit from the ruling. Many of the 30 million policyholders are probably too late to seek refunds, since claims must be filed within three years of the April 15 tax deadline. That means the statute of limitations for taxes paid for 2004 ran out April 15, 2008.
Many individual taxpayers may not have enough at stake to go to the trouble, said Burgess Raby, a Tempe, Ariz.-based attorney who represented Fisher. Still, millions of policyholders could benefit from the court's ruling, he said.
Raby credits Ulrich with being the driving force behind the issue.
"The genesis for this was Chuck's real feeling that this was an unfair position" by the IRS, Raby said.
The government could appeal the ruling and likely will fight future refund claims, perhaps hoping for a different outcome in a separate court, tax experts said.
Charles Miller, a spokesman for the Justice Department, said the government hasn't yet decided whether to appeal.
Still, taxpayers should request refunds if they're eligible, the tax experts said, because even if the IRS rejects the claim, doing so extends the deadline for a potential refund for two more years.
Ulrich will prepare refund requests for interested taxpayers, for a fee, and has posted additional information at his Web site, http://www.demutualization.biz. But he said the principle is more important to him.
"I think it's important that taxpayers' rights be protected," he said. "We should have had a Boston Tea Party over this."
You could also charge extra for Ihub members to access these IRP boards thereby minimizing your complaints. An additional $9.95 per month can be charged to access these boards and make it an 'at your own risk' type of thing. Real professional IRP's will flourish and the riff raff will fail and make no money
well then next time don't forget the apostrophe
what does the irs have to do with anything in this discussion?
Please do not make investment or trading decisions based on what you read from a stock board. Do your due diligence before buying any stock especially a penny stock. The stock market is where money is transferred from the impatient to the patient
you are probably right.....
It's a great idea and most likely a profitable idea for Ihub. However, those designated as IRP's should probably be required to hold the proper brokers license. I think it's a Series 7. That would keep everything on the up & up. If I'm not mistaken , in order to be a so called "promoter" you must be properly licensed.
yo.......i was just havin some fun with ya......I dunno I've been watchin them lately and they've been looking solid
TBDR look at its chart...no sign of a downturn yet....ROFLMAO
Tampa Bay Rays 79 49 .617 -- 47-18 32-31 28-19 17-12 22-12 Won 2 8-2
Boston Red Sox 74 55 .574 5.5 43-18 31-37 24-25 19-8 20-15 Lost 1 6-4
New York Yankees 69 60 .535 10.5 38-27 31-33 26-24 17-18 16-10 Won 2 6-4
Toronto Blue Jays 67 62 .519 12.5 37-28 30-34 24-22 18-11 17-19 Won 1 7-3
Baltimore Orioles
As long as Clayton's in charge and not Obama.........ROFLMAO
I must admit (although I hate it) you are right. There are not enough hours in a day to review every single post.
I also agree they have thankless jobs and must balance fairness as prvided by the TOU.
The hardest thing to swallow is getting banned because of your number of deleted posts especially when they were deleted because you responded to a post that was deleted.
So now I ask myself 'will this post be deleted' before I even respond to it. Sometimes that is difficult to do when you are on a time constraint.
I have been making a concentrated effort to abide by the TOU as everyone should.
Please do not make investment or trading decisions based on what you read from a stock board. Do your due diligence before buying any stock especially a penny stock. The stock market is where money is transferred from the impatient to the patient
The things I don't like about the 10Q:
1. Falcon can buy shares for .50 for 3 years
2. The non-compete agreement with the shareholder was recorded as a tangible asset (balance sheets hows value as ($232,000)
3. Management Plans may require additional financing and they have no commitment for the financing at this time.
Both 1 & 3 could pose potential dilution problems down the road.
I'd also like to see the non-compete agreement to see if it really is worth that amount of money
Those are the only red flags I see but they are minor
Please do not make investment or trading decisions based on what you read from a stock board. Do your due diligence before buying any stock especially a penny stock. The stock market is where money is transferred from the impatient to the patient