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•Capital Change=shs decreased by 1 for 10000 split. Pay date=02/29/2012.
Wow way to cripple shareholders and open up for more DILUTION.
Guaranteed its coming. $1117 in CASH and $2,700,797 in ACCOUNTS PAYABLE. $969,735 in CONVERTABLE DEBT.
Guaranteed Dilution.
What if WHO sells?
It's pretty common for newsletters to repeat "winning" calls that they say they made.
Searching that site shows no payment of any sort to this company for PROT.
They said...
"Proteonomix, Inc. PROT
PROT is officially our favorite stock in 2012 so far, this thing is absolute monster. From the of .30 following our maiden alert, PROT has absolutely skyrocketed to a high of 7.18 in roughly two months time, for an astonishing gain of 2293%"
Yeah so its their favorite. 2200% gainers tend to be ppls favorites.
They also have sent emails out about EFFI, BUCS, SPAH, EXPX, GRDO and others all within the last 10 days.
Again, no stated compensation, what is there to sell?
Did you call the company to find out? Easy answer, and it's nothing bad.
I called to find out why.
Hey Doog, good to hear you like what you see. This won't be a rocket ship to the moon, but I think we're going to see a nice climb off accumulation of a solid company.
I'm still a buyer for anothter 25000 shares or so. Just have to move money around.
Bid / Ask kept inching up all day after hitting $4.17. Hope you got some if you were looking for an entry?
Yep... you're right it seems. I'm holding off putting a bid up, want to get another 2500 shares but want to see if we can Lure the sellers down a bit.
So far no go.
Hey Sunspotter,
This came up on a list of scans based on Market Cap, and it seems that you are great at warning people about the possibility of a loss here.
If I may be so bold, my presumption is that you also were caught by these guys, may I ask how much it cost you? PM me if you prefer, normally I'd send you this by PM but I'm not going to give iHub any of my cash :)
Again, thanks for the warnings!!!!
Picked up another 1000 today at .71 to add to my collection.
Just beautiful. Market Cap is a little over 40m now too.
Uplist on the way??
YAY PROT!
eom.
As I said, that is my speculation, not a fact until you see if they do or do not. I've seen a few companies reincorporate in Delaware from Nevada, and that is the exact same thing they had to do. Create the Delaware company identical to the Nevada. "SELL" the assets to the Delaware company from the Nevada. Absorb the Delaware company into the Publicly Traded Entity. Disband the Nevada company.
Notice that the names of the companies are identical? Seems to me if they are going to "sell" the assets to themselves why reincorporate as the same name?
One of the "benefits" to being Incorporated in Delaware is that its MUCH more difficult to get current company information, such as AS. The Nevada SOS is online, where Delaware is by telephone.
No doubt this can and probably will get ugly. *EDIT* Yes I see my typo, I meant to say OS increased BY 302m and put TO. 500m is where its headed, and probably another RS to follow.
By the way, the caps and highlights and underlines are a show of aggression. Have a good conversation without the "yelling." We're all adults here.
While the history of this company is way less than shareholder friendly, it seems that your DD is in error in a few spots.
First, the most recent 8K is not one where the assets are looted from the company but one that indicates that the company is changing from NEVADA registered to DELAWARE registered.
There can be numerous reasons for this. I've seen it many times in the past. The migration must be done with a "value" given at the time of the 8k, where appropriate "compensation" is detailed until such a time as the new company (NEWCO on several lines of the release) is absorbed into the publicly traded entity.
Second, the Market cap is not $50k as you have indicated. It is actually $315,032.
As per another 8k filed earlier this month:
Hellagood call from .0006 x .0007!
I wish ALL pump and dumps did this. We've gone from $0.299 per share the last week in December to today's close at $5.35 per share.
That is an increase of over 1700% in the last 60 days.
Where is the DUMP???
You can't tell us cause there wasn't one. Now begone.
lol? Thats what he's saying. The number of people who have money entered to BUY on the BID was greater than the number of people who had shares offered to SELL on the ASK.
11500 of those shares were in 1 block too. So yep, think you're right.
Wonder if we have a single buyer or a broker that is now calling their special clients to load up?
Someone has been loading for the last few days. I wouldn't be surprised to see this jump big on any positive news.
Watching L2 today, there was very little action then all of a sudden someone wanted shares and BOOM it went up. Then dropped a little, with no action and then at close BOOM again.
What interested me was despite some nice bids, there was very little whacking today.
HAhahahahah AWESOME!
Day 8 and counting. We shall see whats up.
Seems like $4.00 a share close is an important number for some reason.
The only reason I can think of is for an uplist to a major exchange, as they all require $4.00 per share minimum close price for X days. (I think its 90 but could be 30)
Otherwise, I'm as mystified (and elated) as you guys are.
Added 4500 shares today. Lookin forward to some fun down the road.
Welcome to the club. Think we're going to be in for some fun in the next 12 - 18 months here.
Once we get done loading, I'll get the iBox fixed up and we can start spreading the word :)
100,000 shares bought at .006 and sold at .007 is $100 profit. Guess you dont hold many shares if you're only looking at a $100 profit.
It must suck to expect that a stock will run the minute that you "invest" in it. I can tell you for sure that's not the way it works.
Buy, hold, wait, be patient, reap your reward. I've been holding here since what, about a Year ago. So what if its not run yet? It's getting close, and when it does it's worth it.
You've been a good supporter, I hope if anyone gets $3 or less its you.
What I see tho is the daily trading High/Low spread tightening. The daily candles are smaller and smaller, which indicates a Bullish flag.
We've had several closes at or above $4.00 a share over the last few weeks, which is the minimum you need (FOR 90 DAYS I believe??) to uplist to a big boy exchange.
AABA has been an MM here since I first heard about the stock back in July.
They are on the bid and ask almost every day.
There is no fraud. This company is an absolute TRAIN WRECK and the street knows it. They've gotten by for years doing nothing but dumping shares on unsuspecting investors with the illusion that there are products.
You think that SHG flipped and traded and manipulated, but I'll tell you what... I personally owned less than 300,000 shares of this at most and sold EACH AND EVERY ONE FOR A LOSS.
Thats right a LOSS. There was no flipping, no pumping, nothing. The only reason that SHG was involved in the first place was because DENNIS thought this was a great company. Then we found out he was paid to say that but did not tell us.
Contrary to popular belief, the majority of ppl associated with SHG think that HFBG is a total waste of time and space.
*EDIT* And by the way, when I sold the shares for a loss the PPS was .0007 and it was 2+ years ago. Have not owned 1 share NOR WILL I AGAIN since then. */EDIT*
Duuuurrrrr I'll fund the company till you can get a 504 done... Duuurrrrr.
Yes pay me in Preferreds that I'll never get deposited ever Duuurrrrr.
Sounds like a very wise investment strategy to me.
/sarcasm
THIS needs to be stickied! Brad's playing 3 card monte with the shareholders, and yet he's the one perpetrating the DILUTION.
You must like the power to be able to block decisions on a NOBID x .0001 stock LMAAAOOOOOOOOOOOOOOOO
Oh such power.
Your holdings are what? $5000.00 now?
I know for a fact that Xtreme did not get this ticker from the company, nor did they get the company's blessing/help/assistance/payment.
I bought an Aerogarden Extra from Aerogarden.com. Received it 2 weeks ago yesterday. Came with the mega cherry tomato pack, nutrients, free starter tray etc.
I gotta say I'm VERY impressed. The plants are already over 2" tall and on their 3rd leaf set. The tomato pack had 2 live seed pods and 5 covers. One of the seed pods had 4 seeds, the other had 3. EVERY ONE OF THE SEEDS SPROUTED.
It was tough to determine which of the plants needed to be culled too. I got down to 2 each and it was heads or tails call which one lived.
The timer is easy to set, nutrients easy to add, unit easy to assemble.
Will judge the quality of the fruit based on their taste, so thats to be seen still.
Overall I'd rate the unit 9.5 out of 10.
Thinking about adding 2 more as I have space for them and enjoy watching the plants develop inside. I have an outside garden but this gives extra light in my office AND its daylight balanced.
Yup no rush here. Collect them at our leisure.
From a Press Release dated 12/27/2011 and subsequent 8K filing:
Proteonomix, Inc. (PROT) Announces Completion of Payment for Its Clinical Trial of UMK-121 in Patients With End Stage Liver Disease
Proteonomix (OTCBB:PROT)
Tuesday 27 December 2011
PROTEONOMIX, INC. (OTCBB: PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, announced today that it has completed all payments required from Proteonomix to commence a Clinical Study entitled "UMK-121 in Patients with Liver Disease."
As previously announced, the Company entered into an Agreement to conduct the clinical trial with the University of Miami. That Agreement required the University to pay expenses associated with the clinical study and The Company was required to assist financially with the clinical study.
Michael Cohen, President of the Company, stated: "The financing that was required to complete the Company's obligation with respect to the Trial was provided Friday, December 23, 2011. The Company has previously thanked the University for its generous assistance in the agreement to conduct a clinical trial of UMK-121. The Company has previously described the terms of the agreement to license and develop and the patent application of the UMK-121 technology. The Company will work together with the University and the principal investigators to initiate the clinical study."
Mr. Cohen continued, "Our UMK-121 pharmaceutical therapy is advancing toward its first human clinical trial in ESLD ('End Stage Liver Disease') patients. We hope to provide patients who are suffering from this debilitating and mortal condition with alternatives. We believe that the commercialization of this technology can provide Proteonomix with significant revenue potential. According to United Network for Organ Sharing ('UNOS') there are over 100,000 patients on the transplant waiting list at any given time. According to the ('NIH') there are over 500,000 patients in end stage Kidney disease. According to Organ Donation and Transplantation ('NWHIC') over 60,000 Americans suffer from End Stage Liver Disease ('ESLD'). The Company will continue to provide information about the clinical study in the upcoming weeks and months consistent with our understanding with the University and ethical considerations."
Seems that insiders hold the majority of shares. Only has 8m OS with virtually no dilution.
Lots of products on the market too. Test strips for in home drug testing. Good stuffs.
Market cap is below asset value.