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Stephen Lumb lies A LOT hoping to sell this worthless paper.
The officers of this company have lied over and over again to sell stock. They belong in prison.
It coincides with a year's worth of outright lies meant to enrich insiders. 60,000 NP-1's being produced?
$10's of millions raised and all they have to show for it is an app... How embarrassing.
Float has increased by hundreds of millions of shares.
Who has millions of shares they keep selling near 52-week lows?
Can you explain why only restricted stock was "bought back", how much (of your money) was paid for them and to whom?
3's with new 52-week lows on deck. Not conjecture.
Except that's a silly pennyland scam ploy used by the sleaziest of companies.
Let's say Foley paid himself $.20/share for those 5 million restricted certs (that he printed for nothing), cashing in a cool $1 million from company coffers. Now he can reissue that same stock to himself again next week at, say $.02, in lieu of "debt" = for a months salary or whatever. Wash, rinse and repeat. This is how whatever real money comes into the company can actually go into his pocket along with investor funds.
Why weren't average shareholders given the opportunity to have their stock "bought back"?
That's irrelevant as the float has only ever increased. Those shares will be re-issued soon at a fraction of the price the company just "bought" them back for.
It costs 253 shares of NTEK to rent Rocky! LOLOLOL!!!!!
The TA confirmed it. Only the number of restricted stock decreased. Pennyland Scam 101.
People will say just about anything when their investment is approaching 52-week lows.
Where are the processors today? We saw them packed up and being shipped somewhere months ago.
Nobody is fooled anymore by that. 3's are evidence of that.
Who has all these shares to sale near the 52-week low?
That's not true. AS was lowered in Nov 2013. What was the float then and what is it now?
Nobody is going to spend $10 to rent a compressed stream when they can buy two copies outright for the same price. That's hilarious!
$10 to rent Rocky can't be right, can it?
For $10? Is that for real? LOL!
LOL. Everything is timed to sell stock.
What happened to the MGM films they announced last week? MGM didn't like being used like that, did they?
Imagine what would happen if they actually told the truth.
How much cash did he take out when the stock was artificially inflated $4-$7?
You're supposed to forget about those lies and believe a whole new set of lies now. Or else just shut up so they can trick a whole new batch of naive people who aren't aware of all the past lies. That's how these scams work.
Is Rocky streaming yet?
How will they get away with calling that a "buyback"? That's not even in the same language as a buyback.
I don't think it's legal to finance a "buyback" with debt.
the company now has, not that it matters approx. 100k in cash.
How do you know this?
How much cash was given for the 5 million restricted shares? Where did that money come from?
It's called a scam. Nobody except a select insider was given the opportunity to skip their restriction period and then not have to compete with retail sellers.
Looks like someone can't sell fast enough today. Who has so many shares for sale this near the 52-week low?
What about the float? Has it ever decreased? How much has it increased in just the past 12 months?
It doesn't look like very many were fooled. 3's on deck.
The restricted stock "buyback" sham has been a staple of pennyland fraud forever.
Let's say Foley paid himself $.20/share for those 5 million restricted certs (that he printed for nothing), cashing in a cool $1 million from company coffers. Now he can reissue that same stock to himself again next week at, say $.02, in lieu of "debt" = for a months salary or whatever. Wash, rinse and repeat. This is how whatever real money comes into the company can actually go into his pocket along with investor funds.
Why weren't average shareholders made a "tender offer" for their shares instead of only Foley friends and family?
The restricted stock "buyback" sham has been a staple of pennyland fraud forever.
Let's say Foley paid himself $.20/share for those 5 million restricted certs (that he printed for nothing), cashing in a cool $1 million from company coffers. Now he can reissue that same stock to himself again next week at, say $.02, in lieu of "debt" = for a months salary or whatever. Wash, rinse and repeat. This is how whatever real money comes into the company can actually go into his pocket along with investor funds.
Why weren't average shareholders made a "tender offer" for their shares instead of only Foley friends and family?
The restricted stock "buyback" sham has been a staple of pennyland fraud forever.
Let's say Foley paid himself $.20/share for those 5 million restricted certs (that he printed for nothing), cashing in a cool $1 million from company coffers. Now he can reissue that same stock to himself again next week at, say $.02, in lieu of "debt" = for a months salary or whatever. Wash, rinse and repeat. This is how whatever real money comes into the company can actually go into his pocket along with investor funds.
Legitimate buybacks are done on the open market following strict rules. Pinksheet scams "buy back" insider's restricted stock when it becomes clear they will be worthless by the time the restriction period is over.
The float was not decreased. That's the point of the "buyback" sham. Insiders just exchanged restricted shares for cash. We don't know how much they got either.
Notice that only the amount of restricted decreased? That means insiders have enriched themselves again at shareholders expense. They print the stock for free and then give themselves cash in return.
Which is exactly what realists were trying to explain here a year ago when the Foley's were raising $10's of millions with no intention of ever mass-producing it.
Now all this company has is an app.