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According to the filings the "buyback" has already ended.
No it doesn't say that anywhere. The filing says the "buybacks" are over.
The filing clearly states that no future buybacks will take place in any form. I don't believe anyone sent you that.
When I pointed it out 6 weeks ago they actually put out a PR a few hours later (which we now know really was confirming the cancellation of the retail buyback after all). Now they need you to pass along the message on a stock board?
Is it true that Bordynuik resigned before Xmas as is being rumored privately?
I would call and ask but nobody has answered the phone in months.
Is this legal?
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Why would David Foley be at CES? Didn't he resign after being convicted for fraud?
What Jan 2 PR? How would you know what's in it?
Lumb's "buyback" is completed. There won't be any future "buybacks". He made that perfectly clear in today's filing.
Your post also confirms that there won't be a re-re-clarification PR coming in the middle of the night this time either.
We can't forget the Medical Research Facility designed for the Napoleonville property! That was going to make everyone rich at one time too.
Why? Did you know the UFC has their own streaming app? It's been downloaded over a million times.
How much is his appearance fee?
Checkmate.
P.S. Jan 14 is a fortnight! Did you do that on purpose?
Form 15's don't "expire".
That's the sound of Stephen Lumb leaving his promoters holding the bag. Again.
Post the date of that. 6 weeks old now? My link confirming that the "buyback" is over (and a scam all along) is dated today.
Let me reiterate: I told you so.
Six weeks ago I explained EXACTLY how his was going to happen:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108268608
Sleepy2015 Tuesday, 11/18/14 06:23:48 AM
Re: agribusiness72 post# 85667
Post # of 91251
They cancelled the retail buyback yesterday and then clarified that $750,000 will instead be going to insiders in exchange for paper that they just printed a month or two ago.
Typical Lumb. He's done the same thing more than once in the past.
Every trade today was a buy.
And a sell. Fact.
ALL "buybacks" are now over per today's filing.
Dec 30, 2014:
With the Company’s Directors having authorized a Stock repurchase Program of up to $750,000 on January 13, 2014 and amended on September 26, 2014; the Company’s Management believes that it is illogical to expend any sums of monies on any future stock repurchases, in the market, from either Loan Term Convertible Loan Note Holders or from any other third parties that have directly or indirectly contracted with the Company and/or its subsidiary companies.
Today's Dec 30 filing supercedes that month old "clarification" (that only clarified what I've been saying all along about the cancelled "buyback, by the way). Today's filing is extremely clear: no future buybacks of any kind.
They are quite clear in today's filing that the retail buyback was cancelled, the "buyback" they did do was for restricted stock held by insiders and that no further buybacks will happen:
With the Company’s Directors having authorized a Stock repurchase Program of up to $750,000 on January 13, 2014 and amended on September 26, 2014; the Company’s Management believes that it is illogical to expend any sums of monies on any future stock repurchases, in the market, from either Loan Term Convertible Loan Note Holders or from any other third parties that have directly or indirectly contracted with the Company and/or its subsidiary companies.
Every trade is both a buy and a sell.
Like I've been trying to explain: Lumb cancelled the retail buyback a month ago.
It means that a few people tried to frontload a shady stock promotion and are now caught holding the bag.
Whoever was dumping today wouldn't even let it be painted at the close. They want out bad. Tomorrow is going to be brutal here.
Have you seen where their booth is located? I hope they can find it!
Didn't the company tell you that those audited financials would be filed before the end of the year?
How much are shareholders paying for that appearance fee?
To help absorb the shares they're dumping?
Float has only increased dramatically (can NOT be denied).
Those "share buybacks" are how can be sure it's a scam. They "bought back" restricted certs issued to an insider. No one knows how much they paid.
and produced a profit last Qtr.
Nonsense. Only by selling the shares being dumped today.
Statements like that are why there will never be an audited financial statement.
Who could have all these shares to sell? The list is very small.
Did you see the bid get crushed down to the 52-week low with about 500k being dumped? That didn't look too fake to me! Millions are still left to be sold.
The price of a Rocky rental! LOL!
They held 100% at one point, no? Are there any preferred? Maybe that's another reason they are about to move the assets to another shell?
There is no retail buyback. Only restricted shares were decreased: an insider got cash for his restricted stock, and we don't know how much. Some might call it embezzlement. Others call it money laundering.
They need the shell to move the assets into since they've now left NTEK a toxic mess. Too many convertibles in the hands of stock promoters over there. The Foley's aren't cashing in nearly what they could.
It already tanked when the NP-1 lies were exposed.
LOL!!!! $200 total traded? What a joke this scam has become.
Couldn't even paint it to 4 today. How embarrassing.