is still alive and kicking.....Happy 2018!!
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when FRTD explodes,it's gonna catch a lotta people off guard
didn't that already happen with the suspension and kick to the greys????
PS: those caught "off guard" weren't doing very good DD, IMO......12 cents, sure.....
what's really amazing is that Schwartz is only mentioned a handful of times in the filings (I count 7 in the last filing, which is probably a record....many times more "mentions" on this board!!!), and with this weird title of of "Observer", as if he is the all seeing Oz the Great and Powerful!!!!
'course we all know about that story, with the man behind curtain......how much credence is deserved with the checkered history???....just the IA "buyout" pump alone should be cause enough to be wary.....(many other examples, but hopefully the point is made).....I don't know why the SEC would give this Co the time of day, IMO......they have had many years and dollars to "waste" already......
http://www.sec.gov/Archives/edgar/data/1116112/000114420414036441/v380834_10-12ga.htm
Board Observer
Mr. Robert Schwartz, who individually owns less than 5% of our common stock, is the only Board observer at this time. Mr. Schwartz represents some of our larger shareholders and is the G & A Capital Appointee, but does not maintain any voting power or control over our Board or management. Mr. Schwartz is permitted to attend all meetings of the Board of Directors in a nonvoting observer capacity, but we maintain the right to withhold any information and to exclude him from any meeting or portion thereof if (i) access to such information or attendance at such meeting could adversely affect the attorney-client privilege between us and our counsel or (ii) access to such information or attendance at such meeting could result in a conflict of interest between Mr. Schwartz and ourselves, or our counsel. Mr. Schwartz verbally agreed to hold in confidence all information provided to him or learned in connection with his observer rights, except to the extent otherwise required by law and any other regulatory process to which Observer is subject.
And they all produce at a rate 16 TIMES slower than JBII's machine.
any slower than JBII's machines would be turning oil back into plastic!!!!!
now let's see how they mark 'em .. ;)
I have seen that stated many times, yet still have no clue what it is supposed to mean........or who *they* are, etc......
(and I bet I'm not the only one perplexed by the "code" being touted......but then again, my goal in buying stocks is to see them go higher, not be *reset* lower and lower, as with JBII......)
here's to MB housekeeping!!!!
I hate to break the news, but even the sitting of the now mythical BOD will not be enough to quality them for uplist.....they didn't uplist when they had a full BOD, and much better other conditions going for them (despite the Co founder's crowing about uplisting).....
having a BOD is just part of being a "legit" Co......
I wonder if they will start listing them in the late filings????.....Lord knows, they need all the assets they can get!!!!
few realize that one of the largest assets a legit OTC company has that can uplist from the cesspool
are those abusively shorted shares
PS: isn't the above a paradox????....."legit OTC Co", yet all kinds of shenanigans going on, AS USUAL with a pink sheet.....of course, if not legit, problem solved....
4. The support equipment for the system has worked flawlessly.
details, details.....
is "power hour" translation for a -28% dump last few trades???????
consider yourself lucky.......
good luck getting the "MOMO" back on a dying grey sheet stock.......
death by a thousand cuts on this stock.....50% haircut since the SUPERBOWL "rollout".....
FRTD Thats Odd every trade shows as a BUY
maybe it's best to avoid taking the opinions ("shorts", "covering", "all buys", "after hours", etc) seriously of those who don't even know the BASIC mechanisms at play here on the grey sheets.....
more VAPORware.........
if enough people do, they will pay attention.......think of it like voting!!!
yep, the overloaded SEC can sometimes be a bit random in the eyeballing of Cos.......some can languish for many years with no attention.....
now that FRTD has brought some light upon Cascade, who knows......
there is no spread, no bid or ask on grey sheets.......if you are seeing B/A, your quotation system is in error.....
well, if he is doing that too, it is almost always something that gets caught when being investigated.....very serious....
so I guess we shall see.....
not that I expect it matters too much in the gutters of the pinks and greys, but people also forget that (since the Co basically does nothing that makes profits) there are NO winners when all is totaled, this is a zero-sum game, at best.....money won is offset by that lost when it's all taken as a whole...
no free lunch, somebody pays....
PS: which also reminds me of that poker saying.....if you don't recognize who the mark is at the table, it's you.....go Rounder!!!
seriously, if someone is so worried about not getting shares because bids are always being *bypassed*, BUY at the ask for a freakin' penny more.....(also, if done at last 5 minutes of day, small longs then win V trap, or whatever)....
that's what bring PPS up, people willingly buying the ask, not people being "forced" to cover some mythical short position....
gesh.....end the *angst*!!!!
3 days in, and already liquidity has dried on the vine.....
PS: which is one of the insidious ways the statement of "you don't lose until you sell" decays away.......low/no volume means little choice about taking a loss....
most respectable brokers would not ever allow a market order on this type of security!!!!
never place a market order unless you enjoy being raped.
their main business has been selling shares, that's about it in the end......
the filings prove this.....
I believe they have been testing clients feedstock during those 6 months.
define "testing".......that could be about anything in JBII-mumbo-speak.....
balderdash......
you can place an "order" and wait, but it's not really a bid.......just a guesstimate shot in the dark.....
PS: some brokers might restrict trading due to their own rules, best to call and ask if you have questions.....
worse yet, it will now take a 10 bagger (or so) to get back to the pre-suspension price......
but now if it bounces up some from here... people will get all excited again... lolzzz whoopdy dooooooooooooo
grey market trading....
http://investorshub.advfn.com/Grey-Market-or-Grey-Sheet-Q-&-A-25608/
lol, that's code for "my opinion".....I THINK!!!!!
I wish one of them had the balls to do this with US bonds......
(wait, don't tell me.....!!!)
nice......
I wish I was short here......how does one sign up to get that scared???!!!!
the great green hope has been smoked down to the roach of a dead cat bounce.....
.....then we just need a market maker .
not exactly a trivial "then"......
http://www.otcbb.com/AboutOTCBB/howtoquote.stm#aboutregistering
Registering to Make Markets in OTCBB Securities
The OTCBB operates as a dealer system. As a result, all securities being quoted on the OTCBB must be sponsored by a participating Market Maker that registers the security by completing a Form 211 unless an exemption applies. The Market Maker must submit a Form 211 to the FINRA OTC Compliance Unit along with two copies of the required issuer information no less than three business days prior to publication of a quote on the OTC Bulletin Board. Once cleared, NASDAQ Corporate Data Integrity will notify the Market Maker that it has been registered in the security and may enter a quote.
Ineligible Securities
Every OTC security not currently quoted on the OTC Bulletin Board is considered "ineligible" until a Market Maker submits a Form 211 or a 15c2-11 Exemption Form. After clearance, the security is granted "eligible" status.
Eligible Securities
If a security has eligible status, it means one or more Market Makers has received clearance to quote the issue on the OTC Bulletin Board within the last 30 days. Any other participating Market Maker that wishes to quote the issue must also submit a completed Form 211. During the "eligible" period, a frequency-of-quotation test is administered. The test is described below. Until the test is satisfied, all Market Makers must continue to submit a completed Form 211.
Active Securities
An OTCBB-eligible security that meets the frequency-of-quotation requirement for the so-called "piggyback" exception is identified in the service as "active." The frequency-of-quotation test or "piggyback" exception is based on whether a broker/dealer has itself published quotations in the security in the applicable interdealer quotation system on at least 12 business days during the preceding 30 calendar days, with not more than four consecutive business days without quotations. Once this criteria has been satisfied, authorized participants may register on-line in a security. As long as the security remains in an "active" state, any participant may quote the security without a Form 211 submission.
Other Exemptions to 15c2-11
Before an issue can be quoted on the OTC Bulletin Board® (OTCBB), a Market Maker must first determine if it is already listed on a U.S. national exchange or market. If the issue is listed on a national exchange or market, it may not be quoted on the OTCBB. Market Makers should also check to see if the issue is on the National Quotation Bureau's Pink Sheets. If it is on the Pink Sheets, then, to quote on the OTCBB, the Market Maker quoting the issue may file an exemption to the 15c2-11 rather than a full Form 211; non-Market Makers must file a Form 211.
If the issue is listed on a regional exchange:
If the issue is listed on a regional exchange, is current in its SEC filings, and does not meet the minimum criteria for inclusion in the Consolidated Quotation and Transaction Reporting Systems, a Rule 15c2-11 Regional Security Exemption Form should be filed for quotation on the OTCBB. If the issue does not meet the exemption criteria, a full Form 211 must be filed for quotation on the OTCBB.
If the issue does not meet all of the above criteria upon delisting, a Form 211 must be filed for quotation on the OTCBB.
The Form 211 must be completed and mailed with two copies of the required issuer information to FINRA Regulation, Inc. at the following address:
FINRA Regulation, Inc.
OTC Compliance Unit
9509 Key West Avenue
Rockville, MD 20850
phone: (240) 386-5100
fax: (240) 386-5139
The OTC Compliance Unit will review the information and contact applicants if additional information is necessary. A notification will be sent out when the application has been
....seems the funds never came in from the other company
for some strange reason, this seems par for the course in penny land.......
it's a real head scratcher why this kind of stuff happens so often!!!!
I guess .12 wasn't good enough for him......
You'll recall that in his godawful quarterly, on the "additional paid-in capital" line he put the number of shares rather than their value...
as if people need wild shory theories with all his crap being pulled.....