Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
For those of you that have been involved in other reverse splits, does the time limit they put in their filings mean anything ???? Once more, here is the way they announced their r.s. through a filing with the S.E.C. The finalization date has come and gone and still "nothing". Maybe it has been cancelled ! This Information Statement is furnished to the stockholders of Fuelstream, Inc. a Delaware corporation (the “Company”), in connection with action taken by our board of directors and the holders of a majority in interest of our voting capital stock to approve a reverse split of our outstanding shares (“Reverse Split”). The foregoing action has been ratified by the written consent of the holders of a majority in interest of our voting capital stock, consisting of our outstanding common stock, outstanding Series A Preferred Stock, as well as our board of directors, by written consent on December 8, 2014. We anticipate that a copy of the Definitive Information Statement will be mailed to our shareholders as of the date it is filed definitive.
In effecting the Reverse Split, we are consolidating the number of our outstanding shares of common stock on a ratio of 1 share for every 2,000 shares issued and outstanding as of the record date set forth below. We will not issue fractional shares and will round each fractional share up to the nearest whole share. Additionally, we will also round up to 200 shares each shareholder whose holdings would otherwise be less than 200 shares following the Reverse Split.
The Reverse Split will be effected as of the date it is filed definitive, but, under federal securities laws, is not effective until at least 20 days after the mailing of this Information Statement. We anticipate that the effective date for the Reverse Split will be on or about January 19, 2014.
Good morning guys. Is there any way this company can be forced to communicate with its investors, or can they just play this silent waiting game forever ? It seems that even in their filings dates are not very important to them. Florida
Without knowing for sure, my guess is either they have put a gag order on Kevin, or, he's no longer with them. I remember him saying he had his kids college money riding on this stock, so either way he's probably stuck with his shares too. Florida
I had to get that off my chest. That e-mail adress they give us is still working because none ever come back or get answered, I think I will send that last e-mail to this unresponsive bunch. Just want them to know how I and probably a lot of other folks really feel. Florida
CER3, annoying is putting it mildly. Just the way this whole scenario has been playing out, has to discourage anybody from keeping any shares in this company no matter how it turns out. Never an update or even a brief explanation on what they are doing or even trying to do, means they really don't care about anybody except themselves. As far as the S.E.C. goes, they are useless when it comes to these penny stocks. Contacting them was just a waste of time and energy. For a company to keep their investors in the dark for this long is beyond thoughtless. Like that line from an old movie, "they just don't give a damn" !!!!!! Florida
?
?
me
To
info@thefuelstream.com
Today at 9:15 AM
Like many other people, I would like to know why your announced 1 for 2000 reverse split which you said would be final on or about Jan. 19th is nowhere to be seen. At least show your remaining stockholders the courtesy of keeping them informed on just why it's being held up ???? That's not a very difficult request is it ? Thank you.
Reply, Reply All or Forward | More
How many more days should this take Al ? Everyone was expecting some word this week. Florida
Al, that's very possible. The only thing they did say was that they are still the transfer agents for FLST. Florida
For what it's worth, I contacted their transfer agent. They said they have not heard anything yet. Florida
Maybe they won't have a choice. The S.E.C. might do that for them. Florida
So far today looks just like all the other days, if you still own some shares in FLST. The complete silence continues. and the wait for the finalization of their announced reverse split continues on, like a bad "soap opera". Will it happen today, tomorrow, or never, your guess is as good as mine. Is there someone still working at FLST, only their insiders really know. Come on you guys at this company, say or do something and just get this thing over with. I fully understand the frustration of everyone that's trapped in this say nothing, do nothing stock. Not every story has a happy ending, but at least they end at some time. We're way overdue to get this thing finished and done with. Florida
From my post 10 days ago. Nothing has changed !!!!
florida135 Friday, 01/09/15 10:11:53 AM
Re: luvgagolf post# 23847
Post # of 23894
Is this stock still trading ???? Amazing how the S.E.C. allows these small companies C.E.O's to just hide under the rug, while their investors are kept in the dark with absolutely no comments from their company for weeks at a time !!!! "If" anything is still going on, they're doing a great job of shutting everyone but a select few out. Florida
Does anybody have any recent news on FLST ? They're supposed to finalize their reverse split on Monday or Tuesday. They have been extremely quiet lately, so anything in the way of news would be appreciated. Florida
Because they make a point out of being "a transparent and reporting company", they will probably follow through on their reverse split sometime on Monday. It might not help any of us as it's possible we might have to wait a couple of weeks before we can even trade this stock. Of course the big boys can get out of their toxic shares before any of us can do anything. Watching it not trade anymore, and getting absolutely nothing from these guys but silence, makes it feel like all we can do is watch it drop again so if it has any value at all left, we will get the crumbs here. This has to be one of the worst stocks I was ever involved with. Florida
If you reverse split a .0000 stock 1 for 2000 you still get "zero" !!!!! How can FLST pay off their creditors with the bid still at .0000 ????? Can't wait to see what happens Monday morning. Florida
This is the one area they have been very careful to openly tell everyone the truth. So far when they file, they are very careful not to say the wrong things which would jeopardize their remaining a "fully reporting company". If this filing is accurate then Monday is the day. Florida The Reverse Split will be effected as of the date it is filed definitive, but, under federal securities laws, is not effective until at least 20 days after the mailing of this Information Statement. We anticipate that the effective date for the Reverse Split will be on or about January 19, 2014.
Not really, just a short message in which they said someone would contact me soon. So far nada. Florida
Any feedback from your contact with the S.E.C. ? Florida
Here's your contact page. Florida. http://www.sec.gov/
Green & Gold, "done". They've been contacted. Florida
Next Monday is the date they said their reverse split will be finalized, if it is then there should be some trading again, even if it's mostly selling. We shall see. Florida
A big $5 trade ????? Florida
According to their last filing, Monday Jan.19th is the day the reverse split will be finalized. "If" it really happens, and with these guys you really don't know, at least we will see some trades again, even if they're mostly sells. Who said "silence is golden". That saying sure doesn't apply here. Cheche is probably right, the only reason they're still reporting on time and probably will finalize the reverse split, is to protect themselves from a big lawsuit they would be facing from the toxic share holders. They borrowed from the devil, now they have to at least make an attempt to pay him back. What happens to the investors really doesn't matter to them anymore. Florida
Is this stock still trading ???? Amazing how the S.E.C. allows these small companies C.E.O's to just hide under the rug, while their investors are kept in the dark with absolutely no comments from their company for weeks at a time !!!! "If" anything is still going on, they're doing a great job of shutting everyone but a select few out. Florida
Not so far. Just trying to see some signs of life by hoping for a response. The "quiet ones" don't say too much anymore. Florida
?
How much longer will we stay quiet ????
me
To
info@thefuelstream.com
Today at 9:39 AM
As one of your dumber shareholders who still owns a few shares in this stock, could you give me a rough idea just how much longer we'll have to wait for this company to show some signs of life ? A very simple question that no doubt will go unanswered. Florida
Reply, Reply All or Forward | More
I was only checking to see if they still had their transfer agent not to double check their p.r. people. I feel a whole lot better just knowing this company is still alive and hoping that whatever they're trying to do is successful. Well soon see. Florida
E-Trade is still showing FLST shares in my account. Maybe some of the other brokers are expecting the reverse split to happen sooner than Jan.19th. Florida
Hang in there Big Al. The fat lady didn't sing yet. Happy holidays. Florida
Flush, like you I don't believe this story has ended. I contacted their transfer agent this morning asking if they're still representing FSFL. They have always answered promptly and most importantly honestly. My e-mail and their reply follows. Florida me
To
gayle@colonialstock.com
Today at 9:26 AM
Happy New Year to you and your family. Gayle, I contacted the p.r. company that FLST had been using and they told me they no longer have that account. Has anything changed between your company and FLST ? Hopefully you are still their transfer agent. With their reverse split having been announced now, their share numbers will look a lot different pretty soon. Knowing that their still using you as their agent would be great for me to hear. Once again thanks for always replying promptly and being so straight forward. Regards, Florida still a shareholder in FLST
Reply, Reply All or Forward | More
Gayle Terry
To
me
Today at 11:45 AM
Hi Richard,
Yes, we are still their transfer agent.
Sincerely,
Gayle
?
?
cheche, if what you posted is true, then this company has not been shut down, but is now waiting for their reverse split to be finalized. That's a big difference than thinking their doors were closed down isn't it ? Florida
It certainly looks that way marco. I still have no idea why this company is going ahead with their reverse split ? Why are they still filing things if they're "closed down" ???? If this company no longer exists, "why is it still listed and even making a few trades here and there ???? How can a company that no longer exists still be listed on the pink sheets, and have market makers still making a market in their stock every day ???? A dead stock, that continues to legally file with the S.E.C. and is still on the market every day just doesn't add up. As far as I know they still have their transfer agent. Why not just watch and wait until Jan. 19th to see what happens ???? Any ideas or thoughts would be welcome. Florida
Cheche, maybe Kevin has resigned. I contacted their I.R. company yesterday and received this gloomy reply. David Kugelman
To
me
Dec 31 at 3:13 PM
My contract was up with them in September and I didn't renew it, since the stock price was so low. I took my fee in stock, so I'm in the same boat as you. The one that sank. I heard they closed their office in lade November or early December. It's a shame because the company was doing well.
Sent from my iPhone
David L. Kugelman
(404) 281-8556
?
Reply, Reply All or Forward | More
Thanks CER. That's really nothing for a stock that still has around 2 billion shares out there. Florida
What was yesterdays volume anybody ? Florida
What does a company do with a stock that will change from a 2 "billion" share float to one that will only have 1 "million" available by Jan. 19th, 2015 ???? Even if it reverse splits from this 0.0001 price it would be worth .20 a share. Does anybody realize that it would take very little volume to drop back down to one penny, or, go up to $1 or even higher ???? Do they get it to open up on the reverse split day higher by releasing some things before their projected split takes place, or do they wait and start releasing some of their game plan after it splits ???? They must have something in mind or else why would they bother going through all these filings and splitting the stock at this very high figure of 1 to 2000 ? If they were only playing games they would go to Las Vegas. Something has to be going on here behind the scenes. The big question is whether or not they will be able to pull it off ? Stay tuned folks. Just my thoughts and opinions. Florida
From the lead in on our message board !!!! . What "transparency" ???? New website design since 01/05/2014
Corporate Contact
Fuelstream, Inc. (OTCQB:FLST)
510 Shotgun Road
Suite 110
Sunrise, Florida 33326
United States
Phone: (954) 423-5345
Email: info@thefuelstream.com
"Fully Reporting Company with Transperancy"= Transfer Agent**UNGAGGED** = A+
"Reporting Status U.S. Registered & Reporting: SEC Filer" !!!!!
From their Dec. 9th filing. They have to address this filing one way or another pretty soon. Even though these small companies operate by keeping investors in the dark, sooner or later they will be forced to say something. Florida action taken by our board of directors and the holders of a majority in interest of our voting capital stock to approve a reverse split of our outstanding shares (“Reverse Split”). The foregoing action has been ratified by the written consent of the holders of a majority in interest of our voting capital stock, consisting of our outstanding common stock, outstanding Series A Preferred Stock, as well as our board of directors, by written consent on December 8, 2014. We anticipate that a copy of the Definitive Information Statement will be mailed to our shareholders as of the date it is filed definitive.
In effecting the Reverse Split, we are consolidating the number of our outstanding shares of common stock on a ratio of 1 share for every 2,000 shares issued and outstanding as of the record date set forth below. We will not issue fractional shares and will round each fractional share up to the nearest whole share. Additionally, we will also round up to 200 shares each shareholder whose holdings would otherwise be less than 200 shares following the Reverse Split.
The Reverse Split will be effected as of the date it is filed definitive, but, under federal securities laws, is not effective until at least 20 days after the mailing of this Information Statement. We anticipate that the effective date for the Reverse Split will be on or about December 23, 2014.
Maybe he's no longer working there. For a company that's deeply in debt cutting their payroll would not be a big surprise. Florida
Has anyone been in contact with this company lately ? I gave up a couple of weeks ago when my only contact there Kevin Blanco stopped answering my e-mails. Just curious ! Florida