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And that's the voice the cheerleeaders want silenced so inexperienced folks can get caught up in the hype. There's no way of accounting for when someone actually sells. There is no logic to support going long on this. The company is a struggling business with minumum revenue and enormous debt. They don't have anything revolutionary that any company would want to buyout and assume that debt.
Ihub is only a fraction of the investment community. There hasn't been any bashers here. Neither a real pump. This stock trades with no real logic.
I believe the same..and now like a lottery on whose order gets filled
actual trades today but maybe insiders to bring back the pps
This is a public information board where folks can post information as well as their opinion on a stock. Not a fan club. Those views may be positive and negative. What you or anyone else does with their money is their business.
SCAM ALERT
Who would knowingly invest in a company that had previous fraudulent dealings. Once a scammer always a scammer in my book. They only come up with new tricks. That's like having a pedophile babysit your child.
https://www.sec.gov/litigation/admin/2016/34-77747.pdf
The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Stalin Antonio Asenjo (“Asenjo” or “Respondent”).
II.
In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, Respondent admits the Commission’s jurisdiction over him and the subject matter of these proceedings, and the findings contained in Sections III.B.1. below, and consents to the entry of this Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions (“Order”), as set forth below.
III.
On the basis of this Order and Respondent’s Offer, the Commission finds that:
2
A. RESPONDENT
1. Respondent acted as a stock promoter for various microcap issuers and
participated in an offering of Blackbird International Corporation (“BBRD”) stock, which is a penny stock. BBRD had retained Asenjo’s services as a promoter. Respondent, 42 years old, is a resident of Winter Park, Florida.
B. RESPONDENT’S CRIMINAL CONVICTION
1. In mid-June 2015, Asenjo pleaded guilty plea to one count of wire fraud in violation of Title 18 United States Code, Section 1343 before the United States District Court for the Southern District of Florida. United States v. Stalin Antonio Asenjo, Case No. 15-60112-CRZLOCH/HUNT.
On August 31, 2015, a judgment in the criminal case was entered against Asenjo.
He was sentenced to three years of probation.
2. As part of his guilty plea, Respondent stipulated that from February 27,
2012 through June 22, 2012, he engaged in a scheme to fraudulently manipulate the stock of BBRD by artificially inflating its trading volume and share price through contrived purchases. The misconduct underlying the criminal charges occurred during the period in which Asenjo was articipating in a penny stock offering.
IV.
In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions agreed to in Respondent’s Offer.
Accordingly, it is hereby ORDERED pursuant to Section 15(b)(6) of the Exchange Act, that Respondent be, and hereby is, barred from participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, agent or other person who engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock.
For the Commission, by its Secretary, pursuant to delegated authority
If this company manages to stay open I'll still be around taking profits as it doesn't take an expert to predict these dips..but don't expect no news as the company has nothing to report and doesn't communicate with investors. As for long there's plenty companies on the OTC with better financials future prospects.
nothing...had no effect on trading last week and nothing now.
Nice pump..this can use some cheerleading today..this float is definitely not locked hence the downward spiral then bounce..people are buying and selling for profit..nobody's going long on this..the company is chit with chit loads of debt..foolish investment here but can make for good trading
.00000??
However that's one of the problems with this stock. Until they are debt free the issue of dilution will always be looming. That within itself will affect any true runs. Whether that was a real trade or group of trades the MM reported late or dilution will be unknown to us. Today's volume was good but I'm not excited till this company is actually debt free and those convertibles no longer in the balance.
I want this to hold but would be surprised if those 25s return.
.015-.02 a realistic target for this for some profit..I don't believe we will see those .03's again anytime soon even with the new batch of investors...this new pump needs to take momentum and that will take some time...I believe most can see as a company this is nothing to bank on..the only upside here is that we've seen bottom and waiting for a bounce.
just somebody putting in trade trying to stir up the pot
a steady run will be nice but I see this churning and dipping
Actually smart if you can take some profits now..I don't this will hold..it will churn down to .23 or .24.
there's no group pushing this
anything in the .015-.019 a good return. I don't believe we'll see .03 again.
Congrats to whoever got those .0088s
that run won't be duplicated..anyone with a 5th grade education can see that was an artificial pump..this company's financials so are poor it's a wonder how they are still operational..and only communication they have made is denying they are being acquired..that was probably a cake news article by an insider..brilliant move but even the thought of a Facebook fan club is laughable.
those .010s good add. Even with a dead pump some $$$ can be made at that entry.
PPS is adjusting back to where it was prior to the pump. Look at the chart.
This company is going nowhere fast. How can they possibly aquire any new companies with no assets. What financial institution would lend them anything when their operational expenses far exceeds their profits. Below is their statement from quarterly report.
We have not generated positive cash flows from operations in any year since our inception. Accordingly, our sources of liquidity may include potential debt and/or equity offerings. We believe that our principal difficulty in our inability to successfully generate positive cash flows has been the lack of available working capital to operate and expand our business. We believe we need a minimum of approximately $2,000,000 in additional working capital to be utilized for development and launching of new products for Énergie. In addition, we believe we need approximately $10,000,000 to pay off a significant portion of our debt and to begin funding
the business development efforts to identify, qualify and acquire other LED lighting companies, with the balance for working capital and general and administrative expense. While we are in discussions with various potential financing groups, other than as disclosed below, we have no other commitments from any investor or investment-banking firm to provide us with the necessary funding and there can be no assurances we will obtain such funding in the future. Failure to obtain this additional financing will have a material negative impact on our ability to generate profits in the future and continue operations.
$14million in debt and net loss of $800k..read the quarterly report..its listed right here in News Section
this stock is tanking as it should..the pump is done..it has poor financials is in debt with no future aquisitions, mergers or deals. They even confirmed they had nothing to do with reports of a buyout. Cudos to those who were able to artificially pump this. If another batch of pumpers are able to do the same then I'd applaud them to. However on the face value if sound investing and strength of company there's nothing here.
Beware of "the float is locked". It never was and noone can make that statement..Also those who say "every OTC has poor financials". Not true either.
when illogical things happens then unexplainable or undisclosed things are taken place..this stock is not under the radar..enough attention has been given..this stock will continually have the waiting game until bought out..wait till next quarter..wait till debt free..wait till more news..wait till merger..MMS manipulation..etc.
On what basis would this stock have another run?
don't be fooled..this was an orchestrated and confirmed pump N dump by a Facebook group...that's the only reason this stock previously went up..not by its own merits as a company..buyer beware do ur D&D
time to call a spade a spade....something awry is happening here..things just don't add up.
news and the possibility drops..smh
Do folks really believe that this is so under the radar that it has not caught attention of the investment community?
This is the real question that needs to be answered and seems to be overlooked. Everyone gets excited about the reduction of debt.. The report outlined how much debt has been reduced..the last update said how much additional debt reduced. However no disclosure on how much actual debt remains. Reducing debt is positive but how much remaining debt will lead to better projections than speculation. At what point will this company actually be debt free. I have been a quiet observer but more attention needs to be given to this. This play has potential but something just doesn't add up here.