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Not so Penny,
There are at least 30-40 in the chat room all having mucho problems with the feed.
But you knew that!!
Absolutely lousy video feed. If I were paying for this BS I'd be really PO'ed
One hour to fight time and there are only 736 'members'
That leaves 264 'free' PPV's available.
Sure is not looking good for very many 'paid' PPV's
Well we have picked up 2 more 'members' since this morning. That now makes 719 'members'.
The elusive paid PPV numbers sure look like they will be near non-existant.
And they are only up to 717 'members' who get a free PPV. That's an increase of 21 'members' in the last 3 days. That leaves 283 freebies still available.
Looks like they won't get many PPV $$.
choir610...
I would think that the SEC would be VERY interested in that little piece of info re: Shane Traveller, especially with his SEC restrictions.
just thinking out loud....
Today's AVEW VWAP was $0.0090441.
The downtrend is still intact.
LGL8054...
nomorebets is a complete newbie to Ihub and UNI-CON and it is totally OBVIOUS that he does not comprehend what he has read from the filings, if at all, or believes all the company's BS PR's. Visions of great wealth are in his dreams.
Those of us that have been around for years and have lived thru 2 massive Reverse Splits and the associated mass dilution that continues to this day thoroughly understand what this SCAM, and I repeat, SCAM company is all about.
StonedSheep....
We've heard this same mantra for many weeks now. Avew has NOT responded except for a small MOMO pop which quickly subsided.
So far there probably are not any paid PPV registrations.
As of a few minutes ago there were 696 registered WCFC followers. Remember the first 1000 registered with the WCFC get a 'free' PPV.
Today's AVEW VWAP was $0.0092607.
Klinsmann,
The hyped forward split will do absolutely nothing for this stock that most people would not touch with a 50 foot pole for VERY OBVIOUS reasons. For it to be effective there must be huge demand for the stock, which there OBVIOUSLY is NOT.
All it will do is, if it happened today, is change the share price from 0.009 to 0.003.
jp7204.....
You say.... "They are mining several mines"
FACT - They are NOT mining any mines.
You say....., "The CEO just bought 33 million shares at .0003"
FACT - The CEO, Mark Lopez did NOT buy ANY shares. The 33 million shares you talk about were a 'signing bonus' for the new Chairmen, Ed Winders. No money actually changed hands.
You really need to read ALL the SEC filings as you OBVIOUSLY do not understand what is going on here.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001110737&owner=exclude&count=40
Today's AVEW VWAP was $0.009242.
The downtrend is still very much intact.
jp7204,
UNI-CON did NOT "issue themselves shares and sell them on the open market"
These shares that were issued were settlements on the defaulted Convertible Debentures held by Moore Investments, aka. Joseph A. Lopez.
"The Holder is entitled, at its option, to convert, at any time and from time to time, until payment in full of this Debenture, all or any part of the principal amount of this Debenture, plus accrued interest, into shares (the “ Conversion Shares”) of the Company’s common stock, par value $0.0010 per share (“ Common Stock”), at a price per share equal to fifty percent (50%) of the closing bid price of the Common Stock on the date that the Company receives notice of conversion. To convert this debenture, the Holder shall deliver written notice (the “ Conversion Notice”) thereof, such Conversion Notice containing such information necessary including amount of conversion and number of shares, to the Company at its address set forth herein. The date upon which the conversion shall be effective (the “ Conversion Date”) shall be deemed to be the date set forth in the Conversion Notice. The Conversion Shares shall be delivered to the Holder at the address indicated herein."
jp7204....
These share issuances were NOT 'private placements'.
They were conversions of defaulted Convertible Debentures + interest done at 50% of the previous day's market price with NO RESTRICTED LEGEND. They were then immediately DUMPED into the market.
Who held all those CD's you ask??? None other than Joseph A. Lopez, managing director of Moore Investments. Who is Joe Lopez??? The CEO of UNI-CON, Mark Lopez' daddy. So old Joe makes 100+% on his money.
jp7204,
And that's just what UNI-CON has been doing.... issuing the Authorized Shares to now make them Outstanding Shares. After the last Reverse Split UNI-CON had 4,990,119,274 shares available for issue. They so far have issued well over 3 BILLION of those free trading shares.
And the issued shares do NOT have to be held for one year in order to be sold. Here's how....
"The shares issued in each transaction are restricted securities for purposes of Rule 144, except to the extent that such securities could be issued without a restricted legend in reliance upon Rule 144(b)(1)." And that is what has happened here.
Today's AVEW VWAP was $0.009475.
jp7204.....
They can dump any amount of shares very easily and at any time up to the Authorized Share limit. The Authorized Shares that the company can issue is spelled out in their Articles of Incorporation and is 5 BILLION SHARES.
And UNI-CON has dumped billions of shares according to their SEC filings.
When UNI-CON did the Reverse Split they only reduced the Outstanding Shares, they did NOT reduce the Authorized Shares.
jp7204
Already previously answered this question. Here it is again....
UNI-CON did a 1:500 Reverse Split on June 30, 2008.
On June 30, 2008 prior to the RS there were 4,940,363,072 shares Outstanding.
On july 1, 2008, after the RS there were 9,880,726 shares Outstanding.
They have dumped Billions of shares into the market since this RS
traveler41,
This is NOT a 'lawsuit' against Geddes. It is the State of Utah that has filed criminal proceedings against him for FRAUD.
traveler41,
And as far as Shane Traveller goes.....
http://www.sec.gov/litigation/admin/2008/34-58438.pdf
traveller41,
This was taken from the Utah Court calendar and previously posted on March 10, 2010. Geddes got another delay until fall.
FIRST DISTRICT - CACHE
THOMAS WILLMORE March 24, 2010
Courtroom 5 Wednesday
08:00 AM JURY TRIAL NLO 091100082 State Felony
STATE OF UTAH ATTY: LACHMAR, BARBARA K
VS.
GEDDES, GREGORY G ATTY: SKABELUND, GREG N
OTN: DOB: 04/29/1966
F2 - COMMUNICATIONS FRAUD - 09/08/08
F2 - COMMUNICATIONS FRAUD - 09/08/08
F2 - THEFT BY DECEPTION - 09/08/08
If Geddes is found guilty on his three Class 2 felonies he is subject to the following sentencing guideline for each count...
"Second Degree - One to 15 years in prison - Up to $10,000"
Notice that there is a MINIMUM jail sentence
And yesterday there was another case pending against Geddes ....
F3 - COMMUNICATIONS FRAUD
Results---
'Law and Motion proceeding' He may be plea bargaining this one.
Gee Penny.... Geddes has pulled every trick in the book to delay his trial on FRAUD and THEFT BY DECEPTION charges. IMO, if he was truly innocent, he would have wanted a trial as quickly as possible to clear his name.
jp7204.
You have it all VERY wrong.
When a company does a Reverse Split it DECREASES the number of Outstanding Shares and INCREASES the share price accordingly.
Let's say a company has 2 Billion shares Outstanding priced at $0.0010 and they do a 1:500 Reverse Split. After the Reverse Split there are now only 4 Million shares outstanding and the share price is $0.50.
If you had 500,000 shares before the RS... after the RS you would have 1,000 shares. The total $ value of your holding would NOT chamnge.
jp7204...
ETrade figures are wrong re: the OS.
As I previously posted per the latest 8-K filed with the SEC (which are accurate numbers)...
"Following the issuance of shares of Unico’s common stock described above, Unico has a total of 2,801,858,976 shares of its common stock issued and outstanding as of February 22, 2010."
Regarding the last Reverse Split, of which there have been two, it was a 1:500 RS. The first one was a 1:100.
"On January 28, 2008 the stockholders of Unico, Incorporated approved a proposal to amend the Company’s Articles of Incorporation to authorize the Board of Directors, in its discretion, to effect a reverse stock split of the Company’s common stock at a ratio of up to one for five hundred during the six month period following the date of the Special Meeting of Shareholders. The Board of Directors approved a reverse stock split of the Company’s common stock which became effective June 30, 2008."
Prior to that reverse split there were 4,940,363,072 shares outstanding. After the Reverse split there were 9,880,726 shares outstanding on July 1, 2008. (4,940,363,072/500 = 9,880,726)
Since then the company has DUMPED 2,791,978,250 shares as of the 8-K filing referenced above.
Since that 8-K filing UNI-CON has, based upon recent trading patterns, DUMPED at least another BILLION shares into the market.
They probably have just over 1 BILLION shares left to DUMP before they max out the Authorized Shares at 5 BILLION. Then look for another Reverse Split.
Sorry lucy, WRONG AGAIN! I would NEVER trade this POS stock, especially one run and controlled by a bunch of VERY shady 'characters'.
Today's AVEW VWAP was $0.0100228.
Seems as though we heard that last week and look what happened..... over 60% drop in share price. Good call lucy!!!
Looks like the AVEW VWAP will be VERY easy to calculate today!!!!!
jp7204....
Here's a little history lesson of what has happened to the share structure over the years...
Shares outstanding:
Under Ray Brown:
7/7/00 55,266,712
12/27/00 64,785,046
5/22/01 66,893,060
7/6/01 67,893,969
10/08/01 70,054,487
12/31/01 69,678,487
5/21/02 72,062,974
7/10/02 74,112,974
10/7/02 74,112,974
1/8/03 75,112,974
6/11/03 77,507,974
7/10/03 78,257,974
10/15/03 85,852,974
1/9/04 88,952,974
5/27/04 93,462,974
7/14/04 93,462,974
Quite a reasonable amount of dilution for a company trying to do something.
Now enter Mark Lopez as CEO and his Death Spiral Financing scheme...
11/22/04 335,427,896
2/23/05 484,427,896
5/20/05 498,427,896
Note that the Authorized shares were almost maxed out at 500 mil.
7/13/05 498,427,896
10/14/05 498,427,896
1/3/06 498,427,896
Now the Authorized shares was raised to 5 Billion.
6/2/06 4,899,096,450
7/17/06 4,909,096,450
First MASSIVE reverse split 1:100
8/11/06 49,090,965
10/12/06 182,411,108
1/11/07 747,899,608
6/11/07 1,906,735,609
7/6/07 2,915,363,072
1/7/08 4,815,363,072
5/8/08 4,940,363,072
Now the second MASSIVE reverse split 1:500
7/1/08 9,880,726
10/10/08 12,306,929
1/12/09 23,679,981
6/4/09 141,784,859
7/5/09 202,750,052
8/31/09 280,967,605
10/10/09 420,489,553
11/3/2009 521,194,256
12/2/09 714,659,863
1/12/2010 1,218,000,643
2/22/2010 2,801,858,976
And they have dumped at least another BILLION shares since the last filing.
However lucy, there appears to be very little interest in AVEW stock..... for VERY, VERY obvious reasons.
From the latest 8-K filed with the SEC on 2-23-2010....
"Following the issuance of shares of Unico’s common stock described above, Unico has a total of 2,801,858,976 shares of its common stock issued and outstanding as of February 22, 2010."
And based upon recent trading patterns they have DUMPED at least an additional 1 BILLION shares since then.
Sorry lucy, WRONG AGAIN. The FACT of the matter is AVEW has been moving DOWN, DOWN, DOWN the past week or so..... over 60% from the recent high during the MOMO pop.
LoanStew...
Sure does look like a large number of MOMO players that were around here at AVEW a couple of weeks ago are long gone. They played the MOMO pop and got out and what's left. A lot of those wishing to get out since the stock price is down over 60% from the highs of the MOMO pop.
whaddaino....
It was after the second 1:500 reverse split when the stock traded in the pennies. Having maxed out the Authorized shares at 5 Billion, after the RS there were 9,880,726 shares outstanding on 7/1/08. Now as of February 22, 2010 there were 2,801,858,976 shares of its common stock issued and outstanding. In the last 5 weeks UNI-CON has DUMPED over 1 BILLION additional shares on the market and we are now at about 4 BILLION shares Outstanding and counting.
This is nothing more than a PUMP AND DUMP SCAM.
"On January 28, 2008 the stockholders of Unico, Incorporated approved a proposal to amend the Company’s Articles of Incorporation to authorize the Board of Directors, in its discretion, to effect a reverse stock split of the Company’s common stock at a ratio of up to one for five hundred during the six month period following the date of the Special Meeting of Shareholders. The Board of Directors approved a reverse stock split of the Company’s common stock which became effective June 30, 2008."
In other words lucy, the AVEW afterhour bid/asks are totally meaningless as no one can trade on those bid/asks.
The AEVW afterhours bid/ask are totally meaningless!