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Its not goin anywhere with bids selling.
The last couple times it did this was right before it ran. Hopefully we're done with the stand still in a couple days
I would like to see some financials updated. But am not worried. You dont give 2mil away when youre only worth 1.7. Cant wait for the day traders to get bored with this
Yeah, I just hope the timing of the financials is good and has enough to keep them out
Not after all these people up from 7&8 sell and drop it back down
And the dumping continues
Keep buyin and wait for the next r/s
Unless the news is a huge profit it wont help the pps. The pps right now is soley based on common shares traded. You know they are worth more than 1.6 mil otherwise they wouldnt give 1 mil worth of preferred stock to a new subsidary just to join their "common wealth". I dont doubt it will rise but I am iffy on it being soon
Who's gonna pay the ask when they know you'll sell the bid? Lets see if we can get this puppy down to 0001
What was post 2950?
Well even if it doesn't come tomorrow the pps should start going back up to at least double because people don't have the free shares to dump anymore. Unless of course theye just move on to their next target, then it might take another week. IMO
I see there has been no huge move yet. I'll check again next month
So which is it? Because you were pretty dead set on this being a scam but now are saying to buy. Hows bankrupting these guys goin for ya? You have a pretty shady game goin wnd I hope you lose everything
The shares held internally and that they are giving as an incentive are locked. They cant dilute, the only dumping here is done by shorts happy with 10 - 50% gain. With the amounts bein sold I just wonder what idiot wants $500 instead of $5000
Yeah but it looks like most people are happy sellin the bid for 20%. Cant wait for the fools to be gone. And im glad I got back in
I thought that was milobug by the nature of the post. Who is boring today, lol. (And he's the subject so it would in fact be who) :)
Thanks for the info.
Really is a solid model. But as long as people are happy with a small proffit from short sales its not going to run hard (and stay up) until they become established. Imo in the long term it will be a great stock to have
Sounds like a personal problem
This doesnt seem to move much.
Put on some facts. Like the fact these guys are not mentioned in the article and didnt even work for the company anymore. And that all the fraud was being committed in china where they held two dets of books. I think you got in late, lost your money, got all butt hurt and are now just tryin to recover. Put on some facts or shut up. It will rise eventually
Nope, but he's trying hard. I just want to see him put something on here to support his claims.
AND A TERRORIST IS A TERRORIST BY ANY NAME. LIKE THE GUY USING SCARE TACTICTS TO KEEP A STOCK DOWN!!!!!
Article shows who was involved. Just because you work for thieves dont make you a thief
UPDATE 2-SEC charges AgFeed audit committee chair in accounting fraud case
Tue Mar 11, 2014 6:09pm EDTSHARE THIS ARTICLEEmailFacebookTwitterBy Sarah N. LynchWASHINGTON, March 11 (Reuters) - Federal securities regulators filed unusual civil charges on Tuesday against the former independent audit committee chairman and top U.S. officials of an animal feed company, saying they failed to properly investigate an elaborate accounting fraud orchestrated in China.The Securities and Exchange Commission's case against K. Ivan Gothner, who previously served as the audit committee chairman for AgFeed Industries Inc, marks a rare move by the agency. It comes as the SEC is seeking to hold "gatekeepers" such as auditors, lawyers and board members more accountable.The SEC's lawsuit, filed in a federal court in Tennessee, also accuses four ex-AgFeed executives based in China of manipulating the books at the now-bankrupt company to boost revenue.Later, when U.S. managers and directors took over the reins at AgFeed, the SEC said they "engaged in a scheme to avoid or delay disclosure of the fraud.""Today's enforcement action is a cautionary tale about what happens when an audit committee chair fails to perform his gatekeeper function in the face of massive red flags," SEC Enforcement Director Andrew Ceresney told reporters on a conference call about the case.Bradley Bondi, head of the SEC enforcement practice at lawyers Cadwalader, Wickersham & Taft, called the case "a warning shot across the bow" for public company audit committees."This is a reminder that audit committees must follow up on red flags and seek outside counsel for assistance," said Bondi, who is not involved in the case.According to the SEC, AgFeed's Chinese management kept two sets of books - a real one and a fake one to present to investors.From 2008 through June 2011, they inflated the company's revenue by $239 million by using phony invoices for feed and hog sales and by inflating hog weights because fatter hogs fetched higher prices. To cover up the fraud, they later reported the fake hogs had died.AgFeed, which filed for bankruptcy in July 2013, was based in China and publicly traded on the Nasdaq OMX stock exchange.It merged with a U.S. company in 2010 and divided its operations between the two countries.By about February 2011, most of the company's board and executive were replaced with American officials.Gothner served as the chief executive officer of the company from December 2011 through the summer of 2013, though the SEC's complaint only charges him for events that occurred in his role as an independent director, the company's audit committee chairman and vice chairman at AgFeed.TWO CALL CHARGES UNFAIRBoth he and Edward Pazdro, who at one point served as the company's chief financial officer and director of internal and external reporting, are fighting the SEC's charges.Their lawyers say the SEC's case wrongly punishes them for doing the right thing and trying to investigate the accounting fraud properly as soon as they caught wind of it.Gregory Bruch, an attorney at Bruch Hanna LLP who represents Gothner, said his client was instrumental in calling for an internal investigation as soon as the accounting irregularities came to light.In addition, the company hired outside experts to do a fixed asset review and subsequently hired law firm Latham & Watkins LLP and formed a special committee to investigate further.By December 2011, he said, the company notified investors not to rely upon the financial statements anymore. "This is not a case where he is complicit in the fraud," Bruch said."He is acting in the interest of investors and this is the result - that he is now the poster child for a pure case against an audit committee chair which the SEC staff has been looking to bring."Lyle Roberts, a partner at Cooley LLP who represents Pazdro, made similar comments, noting that his client was "instrumental in investigating the misconduct.""The SEC's attempt to wrap Mr. Pazdro into its case against the company and its Chinese employees is misguided and unwarranted," he said.SIMILAR CASES UNCOMMONThe SEC has in the past filed cases against audit committees or its members, though such enforcement actions are not common.One of the more recent cases came in 2011, when the SEC accused outside directors and audit committee members of a body armor supply company with ignoring red flags of accounting fraud.In Tuesday's case, the SEC also charged AgFeed and four of its former Chinese executives with fraud.Those four executives are: former Executive Chairman Songyan Li, former Chief Executive Officer Junhong Xiong, former Chief Financial Officer Selina Jin and Shaobo Ouyang, a former controller for the Chinese hog operation.An attorney representing the company declined to comment.There is no known defense counsel for the four Chinese executives, and they could not be reached for comment.Two other former AgFeed U.S. executives reached separate agreements with the SEC in the case.Former interim CEO John Stadler settled without admitting or denying the charges, agreed to pay $100,000 and will be barred from serving as an officer or director.Clayton Marshall, who also at one point served as the company's CFO, reached a cooperation agreement with the SEC.He will be suspended from practicing as an accountant for a public company for five years, and neither admitted nor denied the SEC's findings. The SEC said it has not yet been determined whether or not Marshall will face a penalty.Marshall's attorney declined to comment. Stadler's could not be immediately reached for comment.SHARE THIS ARTICLE CHANGE REGION Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States All prices delayed by at least 20 minutes.Help | Feedback | Terms & Conditions | Privacy© 2011 Thomson Reuters
Its also Taylor swifts fan mail address so I guess shes a fraud. It also seems like theres a few business' in that strip mall, which is not uncommon. Has anyone else noticed this guy only posts when the pps goes up a littlr?
Steve price. Not mentioned in the group in that article. He was the GM not the CEO
The ceo of agfeed is now the ceo of conexus. Not a merger, that guy sayin tge neg was just wantin cheaper shares. It on www.conexusco.com inv relations
Is this from this morning or afternoon?
Its still early
If its a scam why do you follow it?
Thats a bad type o, lol. Oh well, I just have a feeling to hold. And I have missed big by ignoring that feeling.
I accidently kept 1000 so if it hits $1 I'll be good with it
So is there going to be a reverse split or retiring of shares? Im confused on the 250m share thing. I hope a 10k comes soon
Why would the ask go down on a stock without any trades?
Tdameritrade puts a chill on a lot of these pennies. What should I use to be able to get in at the bottom?
Even if it is real how are they going to compete against already established and profitable competition? They dont advertise like realtor.com and I had a hard time even googling them. Its nothing IMO