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Personally I believe hhehas been trying to sell his stock for several months, using the NSS mantra to help. This is where that leads...
I don't believe that was recent but we'll know more when the investigations start being made public. It's going to be interesting learning the truth. My bet is not a word about naked shorts tho.
No, apparently he believed Gerry Lenfest stole all of his money invested in TEVE and decided to shoot at some police until they tased him. Twice. More will come out at the hearing and subsequent trial.
Stephen Lumb and his cronies of course. They've printed tens of billions of new shares in the past year alone.
The buyback from the open market was cancelled last week. They are buying paper from Lumb privately that was just recently printed. Lumb does this same scam every few years and everyone knows it.
47 posts in the past 24 hours, most from those who've always seen this stock-selling scheme for what it's always been.
There is absolutely no hope for current holders of this stock unless something happens to increase that iHub post-count by a factor of 10. Where else will new "investors" be found? Where else did current bagholders hear about this company in the first place? [Be honest!]
John Bordynuik - serial scammer and admitted con-artist - knew that. Way back in December 2009 when the stock price was over $7 per share there were upwards of 100 posts per hour here. Where else would any new buyers have heard about it?
It still amazes me how many good people could have been conned when John lied to their face despite the red flags flapping against his brow.
Nothing is stopping you, I say go for it! In fact you should be thanking them if you believe they are responsible for these low low prices.
It's a pretty big red flag when a company "needs" their iHub message board to be positive in order to succeed. That would only matter if the company existed to sell stock to gulliblers, not to a real tech company.
Foley has lied so much to so many that it's going to be difficult to change the sentiment here.
lol 5.8 billion shares is a brick house full of shares coming off the market
Didn't they issue 20 billion fresh new shares into "the market" since announcing that? Lumb is priceless!
It's not worth explaining for the 4th day in a row. Lumb has failed this time. It's quite funny.
The buyback on the open market was cancelled. You're right that the private buyback from insiders is still on, but that won't do anything for the retail price. The rest is being dumped for under $.0001
Don't forget that the company cancelled the retail buyback earlier this week!
40 million dumped since the PR? LOL!
I no longer have any doubt that the creation of the Ultraflix Media Group will the precursor to the spin-off of a whole new company with its own trading symbol
Looks like they extended loan notes out until as a far as 12/2014.. Shares in the 10s of millions are still held with insiders..
Here's two. In both cases he ended up buying paper back from Saint James Capital, his own company.
HGLC Lumb buyback scam, $1m:
http://dreamteamnetwork.com/blog/hunt-gold-corp-hglcpk/hunt-gold-corp-hglcpk-proposes-a-stock-repurchase-program
http://www.stockenews.com/NewsStory.aspx?ID=75843
FFGO Lumb buyback scam, $500k - $1m:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.iS55n.CZPk
http://www.reuters.com/article/2008/06/12/idUS169618+12-Jun-2008+MW20080612
No, Lumb is confusing everybody. On purpose. Dumb penny stock swindles are all he has done for the past decade. Just google "lumb buyback scam" and see what comes up!
"All shares of Common Stock repurchased in the market by the Company will be cancelled ""
Exactly. Lumb-speak translation: "If we were to buy stock in the open market they would be cancelled. But as we mentioned in the PR we won't be buying any in the open market".
The "clarification" made it even more confusing on purpose. That's why there hasn't been a clearly written clarification of the clarification. Lumb knows full well what he's doing.
Nope. It can be confusing until one realizes Stephen Lumb's history of running this identical "buyback" scam in at least 4 tickers that I'm aware of over the past ten years.
He makes it confusing on purpose. A full PR and a clarification yet it's more confusing than it was before? There's a clue there for anyone needing one.
Read it again. More Lumb-speak:
The Company was solely interested in repurchasing shares of its Common Stock in the market from Sellers other than 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.
I observe that Telvue has made a timely upgrade of its SSL certificate from SHA1 to SHA2.
They still haven't figured out how to install it though!
telvue.com uses an invalid security certificate. The certificate is not trusted because the issuer certificate is unknown. The certificate is only valid for www.telvue.com (Error code: sec_error_unknown_issuer)
https://www.telvue.com
This buyback however does.
The market buyback was cancelled earlier in the week. The new "buyback" will be done in private transactions with insiders who hold freshly-printed paper and will have no effect on the retail price.
Stephen Lumb has run this same scam in several other of his worthless shells.
Actually no, I'm not in error. It depends on who issues the cert as to the deadline. GoDaddy's deadline was last weekend (I know because I've been scrambling to reissue certs for the past week).
Funny thing: I just tried to check the certificate authority for Telvue's cert but they didn't install it properly so I can't...
https://www.telvue.com/
www.telvue.com uses an invalid security certificate. The certificate is not trusted because the issuer certificate is unknown. (Error code: sec_error_unknown_issuer)
The dump begins again!
But you can't prove it so the joke is on you!
Well, not you exactly. The joke is one the short-bus crowd who ever believed it in the first place.
That's the con.
Who knew Costa Rica had an Air Force? We learn new things every day in Pennyland!
Those predictions have been so wrong for so long (at least the past 8 years by my count) that it makes for a damn-near 100% contrarian indicator.
This juggernaut may very well be at $.12 by EOM!!!!! A full 100% off-target. Wheeeeeeee!
The Company is absolutely committed to its stated Stock Repurchase Program of up to $750,000.
Nothing changes. Those would have been immediately "removed" from the market in the sense that they were probably technically eligible for deposit in a brokerage account as unrestricted paper. However they would only have sold for a fraction of what the company is paying them "privately".
Remember that all of these "affiliates" all come back to the same person: Stephen Lumb. All the names associated have worked together on these scams for years.
Even at no-bid they can profit when their stock was free. They do require suckers buying retail in order for them to unload, however. That's where the message board promoters have utterly failed.
I only recognize it because it's a carbon-copy of what Lumb did in FFGO and HGLC.
The key phrase is "in the market". That means buying retail on the open market. Instead, their "buyback" will be in private transactions. Only insiders have paper they can sell in private transactions.
Again, this is the 4th or 5th time Lumb has pulled this identical con.
Read the "clarification" more carefully - they decided not to buy back from the "market" which means retail. Instead they are repurchasing paper they just printed in private transactions, which means they are handing over cash to affiliates for paper they just printed before the ink is even dry.
I know it's confusing. Lumb always does that.
They did cancel the "market" buyback:
" the Company’s Management believes that it is illogical to expend any sums of monies on any future stock repurchases, in the market"
http://ih.advfn.com/p.php?pid=nmona&article=64435010
However, the OS has not yet really changed
Maybe Lumb immediately reissued the same amount of stock to the same insiders he just "bought it back" from. He's done that before too. He might even disclose it in an OTCMarkets filing a year or two from now.
WOW....just thought of the MY 4% just turned to 6% of the O/S.
They cancelled the retail buyback two days ago. Instead they will spend $750k buying the paper they just printed a couple months ago and issued to insiders.
The plan is to sell processors and for a renowned national engineering firm to operate the processors for third party plastic waste generators and plastic waste processors.
Why does the engineering firm need JBII/PTOI? JBII/PTOI have nothing proprietary, no patents and everything they use is off-the-shelf technology. Not to mention actual engineers that could recreate anything developed by Honest John in a fraction of the time.
Why would any reputable firm align themselves with admitted scammers when they could just buy the same eqpt from Donghe that JBII/PTOI did?
Nothing fishy about it. Stephen Lumb does the every single time. Same buyback BS, same dumping beyond no-bid, same everything. This is the 4th time I've seen him do it, and the same promoters are supporting it here again.
I observe that Telvue has made a timely upgrade of its SSL certificate from SHA1 to SHA2.
Nov is the deadline for all SHA1 certs to be changed. If thats the best TEVE has going for it uh-oh.
Stephen Lumb. Serial scammer. This is his shell. Just like NMGL, RENS and FFGO, a few of your other favorite boards.