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What did they research? Two years and all there is is an app that an offshore codeshop could produce in about two weeks for less than $10k. And that's for an amazing app!
Where did all the money go?
A fortnight! LOLOL!
Where did all the money go? How much was spent developing the app?
Is that why they filed the Form 15, so they wouldn't have to say?
The "buyback" probably already happened with twice as many fresh new shares issued by now. Lumb has lots of practice.
Lumb and his cronies are grasping for straws now. It's pretty funny to watch!
it is intended that the Company will commence with its authorized stock repurchase program. All shares of Common Stock repurchased in the market by the Company will be cancelled upon their repurchase by the Company.
Yes, "intended", of course. And the "authorized stock repurchase program" that they amended the day before canceling any buyback on the market. They just confirmed it in a very Lumb-speak confusing sorta way. He's done this same thing several times.
They sent an advisor to iHub and nothing public since the 8k. Yeah, that sounds legit.
I'll drive by tomorrow and see how much activity is still going on.
Not just a scam but a toxic scam. Fake PR's and now the company is silent? Only a fool would hold this overnight.
Bordynuik printed his stock for free. Good point.
Where did all the money go that was raised promoting the NP-1?
Stephen Lumb posts 1000-page filings so nobody will read them. He's done this on several of his pinksheet scams.
They cancelled the market buyback a couple weeks ago. The only "buyback" will be Lumb shuffling paper from his left to his right hand (just like the last 5 times he's pulled this con).
Because people are just now realizing that for the past 1-2 years they were told that they were investing in a company the produced state-of-the-art media streaming devices. Tens of millions of dollars later all the company has is a software app.
An app.
Where did all of that money go? Even if they hired the smartest programmers in the world how much does an app really cost to produce?
$200 traded today. How many hundreds of millions for sale at the ask?
Lumb has failed pretty hilariously this time. When will he announce the super special dividend? We all know it's coming! LOLOL!
LOL! Lumb needs someone to buy first and everyone is on to this scam now.
The market buyback was cancelled two weeks ago.
It's headed back to no-bid where all Lumb scams end up.
If we're lucky everyone was able to talk *new* family members into buying this scam stock over Thanksgiving! That's worked out so well these past few years.
"PTOI is a noble effort to develop a technology to solve a worldwide environmental problem of epic proportions,"
No, it's been a silly con run by John Bordynuik against anyone foolish enough to believe that internet message boards were going to solve that problem while they just sit back and post.
DO you know how many OTC tickers there are??
3,178
How many complaints the SEC receives about the stocks that we trade at this level.
22 per day on average.
[P.S.: I just made both of those up. See how easy it is to lie on the internets? Welcome to Pennyland!!!]
The SEC could not give less of a shit about iHub.
Folks buying stock based on this place are on their own as far as the SEC is concerned.
Anyone smart enough to connect to the internet should have known better.
Im sorry for your loss. Hoping someone else might be tricked into buying the shares that you were tricked into buying is not an acceptable response IMO but to each his own I suppose. Good luck with all that.
Does law enforcement stop investigating a crime in-progress on holidays in your country? They don't in mine.
I had never heard of this company or its stock until 3 hours ago. Thats precisely why it should be suspended.
i have doubts. It should be suspended Friday but likely wont be. Maybe Monday. Or a week from Monday? Or 6 months from now because of today?
Bottom line is that this ticker is now toxic. Nuclear waste toxic.
The good news is everyone will now get to see who here is for the truth vs. who is a gutter-level con artist.
That reminds me: arent we due for a video chart about now? :)
Im afraid that is incorrect. Once suspended they all have to jump through the same hoops. None ever do.
All of todays trades are right now being scrutinized by SEC regulators. Right now. With Thanksgiving tomorrow.
How pissed do you think those guys are? Think they'll be very sympathetic?
Yes i believe it should be. The SEC's only reason for existing is to prevent fraud like we saw today from happening again tomorrow.
The only sure-thing that will get a company suspended virtually every time is when they become aware of high-profile misinformation being spread + one entity with a ton of stock to unload quickly.
What do you think today was?
If they suspend there is no quick reinstatement. The company has to find another MM sponser and go thru the 211 process. Months.
And thats happened once in the past decade for all the thousands of suspensions?
The company knows exactly who they sold/gave hundreds of millions of shares to. How stupid do you think we are?
Oh right, this is a pennystock shell...
That wont be nearly enough for the SEC.
Your money is gone. Youll be lucky if its allowed to trade period on Friday.
Please! I'm sure the company has no idea who's holding the hundreds of millions of shares of its stock that was dumped today.... Good luck explaining that cluelessness to the SEC.
Not knowing who is responsible should be enough alone to suspend this stock.
Gooooo GNCP "THE HOLDING COMPANY" for ALL claims and Honey Holes !!!
Right. Until Lumb uses it up and moves them all to the next one. For the 6th time. Wash, rinse and repeat.
After all, Stephen Lumb has an expensive lifestyle to maintain!
Ask Stephen Lumb. He's the one common denominator for all of them.
P.S. In FFGO filings years later it turns out that those dividends were paid to St. James Capital in stock and then cash was paid to "buyback" that same paper. Stephen Lumb was the sole owner of St. James Capital by the way.
What happened to the deposits paid to JBII/PTOI? They never appeared in any filing.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aURQm6mu2J9U
Ohio P2O, LLC Submits a Reservation Deposit and Development Agreement for a Potential P2O Processing Site in Cleveland/Columbus Ohio Region
NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that on February 12, 2010, Ohio P2O, LLC has made a reservation deposit to confirm its interest in purchasing a License for the marketing and exploitation of the Plastic2Oil technology from ASPTO, LLC on behalf of JBI.
I knew I remembered 'White Hills' from somewhere! It's Lumb's Mockingbird Mine used in 3 other scams!
"Figure 1. Location Map of the Mockingbird Project: The Mockingbird Mine District and mine is located in the Gold Basin District in the eastern part of the White Hills, northwest of Kingman past Chloride. This area has many mines which produced lode gold. "
One of Lumb's earliest OTC shells, Great West Gold! That one not only promised a buyback but also announced dividends too! Those dividends were supposed to roll into FFGO but they never did. Now 10 years later FFGO holders are still waiting for another Lumb fantasy dividend.
GREAT WEST GOLD, INC. CORPORATE UPDATE
NEW YORK, May 19, 2006 – Great West Gold, Inc. (OTC BB:GWGO) confirms that with effect from Monday May 22, 2006 it will trade on the OTC Pink Sheet Market and not on the OTC BB Market. The Company’s Trading Symbol will be GWGO and the “E” annotation
will removed from the Company’s Trading Symbol on Monday May 22, 2006.
The Company will continue to be “Reporting” and the outstanding filings, being the Form 10 KSB for the period ended December 31, 2005 and the Form 10 QSB for the period ended March 31, 2006 will be filed in and during June of 2006. The Company confirms the completion of the transactions to acquire the “Yaba” and the
“Treasure King” Gold Mining Projects and the Copper Mountain Copper Project.
The Company is at this time investigating the acquisition of additional Gold and Copper Mining Projects and if successful, shareholders will be advised accordingly.
The Company will be continuing with its stated intention to distribute the Stock Dividends in Ambassador Gold Holdings plc, Sentinel Resource Holdings plc, Golden Eagle Mining
Holdings plc, Copperstone Mining Holdings plc and Bouse Mining Holdings plc. The Company remains committed to obtaining a separate quotation for each of these Companies.
The Company intends to announce further Stock Dividends to its shareholders in and during June of 2006. The dramatic and sustainable rise in commodity prices (particularly Gold, Silver and Copper) has increased the value of the Company substantially and Management intends to capitalize on this “Commodity Boom” for the benefit of shareholders.
.....
Contact:-
Great West Gold, Inc.
investor@greatwestgold.com (Tel : +44 207 6910462)
LOLOLOL!!!!!!