is currently counting beans
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Wow, did everyone see the new advertisement for the Essential Product on the home page; you really get a lot for $2.95!
Go GRDO:)
You know the name of the game - just trying to make that MONEY!
We got a real beautiful setup here with ACDU, although slow as hell the company is:
SEC Reporting
We expect at least 3 Divys or better to come our way eventually
Accum/Dist unreal since Feb.
Seriously overdue for NEWS on a plethora of different fronts
The Pimp is in the House!
What up Player?
Moving up a bit here:)
.0105 X .0115 Now
That's what I'm thinking Creep:)
I hate to speculate, but to me it appears as though in filing this 8K, at this particular time, the company wanted to elaborate on a particular note concerned w/ the fins before they begin to drop in earnest. Just a hunch, however...
LOL! Now, enough with the appetizers and on to the main course!
8K Filing - 8/16/2010:
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934.
DATE OF REPORT: August 15, 2010 (Date of earliest event reported)
ACCREDITED BUSINESS CONSOLIDATORS CORP.
(Exact name of registrant as specified in its charter)
PA 0-27182 25-1624305
(State or other jurisdiction (Commission File IRS Employer
of incorporation) Number) Identification Number)
196 WEST ASHLAND STREET, DOYLESTOWN, PA 18901
(Address of principal executive offices)
267-629-2340
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former Name or Former Address, if changed since last report)
ITEM 8.01 Other Events
Hiland Terrace Corp. ("HTC") is a Pennsylvania corporation that purchased a small motel and business complex in Western Pennsylvania along with 1.6 acres of land. Although completely independent from Accredited Business Consolidators Corp., the property houses certain businesses that we rely upon in the normal course of business. In late 2009, AccreditedBiz learned of the purchase of the land by HTC. We entered into an agreement with HTC to purchase slightly less than 10% of its outstanding stock. In connection with the purchase of stock, we agreed to provide business consulting services to HTC.
The Company's officers also made loans from their personal accounts to HTC.
AccreditedBiz' consultations with HTC included a suggestion that management take HTC public through a registration statement filed with the Securities and Exchange Commission. AccreditedBiz believed that, with the proper registration statement, HTC could raise between $250,000 to $1,000,000 for the purpose of paying off $90,000 in back property taxes, paying off a $50,000 mortgage, installing between 10 and 15 new rooms, and building an additional business outlet on the premises.
To date, HTC failed to provide the proper documentation to AccreditedBiz for it to assist the Company with with the plans to sell and equity interest via stock offering. Moreover, the failure to pay the past property taxes that the Company inherited has resulted in a potential tax sale against the property.
To protect the loans and contracts made by the AccreditedBiz officers and a third-party, it was decided that an involuntary petition under Chapter 7 of the Bankruptcy Code would be filed against HTC. AccreditedBiz may or may not join the petition.
The officers and AccreditedBiz believe that Chapter 7 proceedings will provide an opportunity to protect the assets of HTC and for the Company to reorganize whether through a payment plan of its debt or through a public offering. HTC, if it did not have the issues with the inherited property taxes, would be a profitable entity. With funds to remodel the premises, a modern business establishment could be built on the location.
The bankruptcy filing against HTC will not have a material effect on any of our operations. However, since we own a non-controlling interest in the entity, we believe that the event should be reported to shareholders. AccreditedBiz will work with HTC management if they promptly advise us that they would entertain a proper course of action.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 15, 2010
ACCREDITED BUSINESS CONSOLIDATORS CORP.
By: /s/ Andy William
Andy William
Vice President
Twitter: accreditedbiz
web: www.accreditedbiz.com
fax: 1-267-371-5168
Good Morning Itzgood, Steel and Everyone Else:)
And with a 600K concluding dump, FANC says ta-ta for now...
Here comes FANC on the ASK.
Multiple SEC Filings for ACDU s/b Imminent:)
In a manner of speaking, yes. If the float (supply) is gone, and all who control the float refuse to part with their shares until let's say beginning @ .02, and demand for the stock (via some catalysts) becomes strong enough to equal or be greater than the .02 minimum ASK (supply), then yes, the price could conceivable "squeeze" to .02 rather quickly.
Extremely so. Pretty soon those urgently wanting in are going to have to go through the long-term, accumulating holders of ACDU stock - IMO.
LOL! ...and for those without L2 access and looking to sell, please make sure to sell at ASK; if at all possible. That is, if you don't have too many ants-in-your-pants:)
Good Morning All - let's break into and out of those 6's today:)
ACDU - Gearing-up for Nice Run it Appears:)
ACDU - Primed for a Serious Breakout:)
...and by the way - GM All:)
Now that we've had a chance to consolidate both our emotions (growing pains) and the pps, let's kick it up a notch and get ready to take the Dawg to the next level!
<$3,000> a year tops for individuals.
Thank you!
.0038 X .0039 - tightening up a bit here as we head for the close.
I'm keeping it and this within "My Favorites" as a reminder, if I stray off course a bit.
Overall, some nice chomping going on today:)
I agree Sammy, in my conversations with both Watson and IR in the past I mentioned just that. IMHO - to get the pps to move in the near-term, the market and analysts of the market need fins in order to formulate a proper appraisal of the company. Watson himself stated the company's books are indeed prepared by bookkeepers and reviewed by CPA(s). Therefore, I'm thinking that fins for the 2nd quarter should be prepared by now (they're going to need them to be in order to up-list). Why not have Watson and/or the CPA(s) sign-off on them and release them to the public for review (no need to have them audited at this juncture, a simple statement noting that they appear to be fairly stated and in accordance w/ GAAP will suffice for now).
I'm sure, even as of 6/30/10, the company had decent revenues on the books; alongside its current assets, liabilities, expenses etc. Moreover, I firmly believe that the valuation of the company derived from the review of the aforementioned, will greatly outweigh our current pps value; and the pps will shift accordingly.
GM all,
I guess I’ll weigh-in on the current subject. To me, the only thing which has me a bit despondent right now is the feeling I got from the various conference calls and radio interviews that all-in-all “great things” were more imminent. Now it feels like we our looking more towards the Fall for events to really begin in earnest, when before it was the Summer, which appeared to the time when volume (liquidity), the pps and increased excitement/buzz would really begin to be amplified.
It is what it is I guess.
I sent the company another email this morning, we'll see if they respond.
Yup, looks like someone(s) loading-up fairly well down here.
...and we have some early volume!
.0039 X .0039
LOL! Good morning all:)
GRDO definitely making all the right moves:)
LOL!
Nice indeed!