Taking Care of Business
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It's a test to see how hungry the shareholders are.
It appears the market is voting NO!
So... we bat the ball back into their court and wait for the next offer.
Exactly!
Standard Operating Procedure...
This is the first offer...
the second will be more interesting...
New Pink Sheets Categories Beginning in May 2007
Disclosure Categories
* SEC Current or Current Information (identified by a Pink Checkmark icon) - Companies in this category will either be 1) registered with the SEC pursuant to 12(g) of the Securities Act and current in all required filings; 2) if not SEC registered, companies will make current information available to the market pursuant to Pink Sheets' Guidelines for Providing Adequate Current Information; or 3) a bank or foreign exchange listed company that makes their periodic reports filed with a regulator or home country exchange available on the Pink Sheets News Service.
* Limited Information (identified by a Yield Sign) - Companies in this category will have, at a minimum, quarterly financial reports prepared in accordance with GAAP, including financial notes, and certified by the CEO and CFO. Such repots will be available to investors either on the SEC's EDGAR system or, if not SEC registered, on Pink Sheets News Service. Financial reports must be dated within the last six months to be included in this category.
* No Information (identified by a Stop Sign) - The company does not make disclosure publicly available, or the available information is older than six months.
* Public Interest Concern (identified by a Skull & Crossbones) - There is a public interest concern associated with this company, which may include a stock spam campaign or known investigation of fraudulent activity committed by the company or insiders. During a spam campaign, companies that are not in the SEC Current or Current Information categories will also have their company's quotes blocked on pinksheets.com.
http://www.pinksheets.com/otcguide/categories.jsp
I agree, There's a lot about this isn't making sense...
It feels a lot like the CSHD which was also supposed to be a Hurricane stock.
Sounds like dilution to me...
Interesting...
Somebody just stole 1.5billions share from BHUB.
How does TELA profit from covering for someone else's fraud?
Are you suggesting that the SEC is blessing this to avoid having to sort out the problem?
OK all of this sounds positive for BHUB but...
I have a question.
Why is TELA doing this?
Mornin' Ken your new tool sounds like a good Idea
Liquidity is critical to getting out with the profit you expect.
Are you scanning on $Volume and Number of Trades?
If it's determined that Select is at fault they will be facing a more than one class action suit by shareholders. And I would imagine that any brokers who are defending themselves against irate clients will expect Select to cover their legal fees as well.
Mornin' Lemmy, I've been watching that one too.
One of the things that concerns me about Hurricane stocks in general is the unseasonably cool spring we are having. Hurricanes are largely heat engines and without the heat to feed off of we may not get a very active season...
You got the certs or you just holding the transaction receipts?
Here's the real bad news.
With 1.5 billion illegal shares on the market and only 20 million legal ones; the odds are better than 98% that everyone on this board owns illegal shares.
As long as Select has their people working this board it's going to be kind of hard to sort that out... but clearly they're feeling the heat.
You know I was wondering the same thing myself...
According to her they'll issue shares for anybody based solely on emails... interesting...
Darrell said that Select told him that they had never spoken to Jack Sparrow.
They said the whole transfer had been handled by email!
It's hard to belive that a competent transfer agent could issue over a billion shares based on emails alone.
15C211 has not been submitted to the DTC
He's in a conference call with Petar Vucicevich
Can you post the link to that press release?
Thanks JJ. So sometime in the next 10 days BHUB will have to issue a press release stating that the "15c211 has been submitted to the DTC"... if they want to keep trading in the pinks.
Doesn't the DTC need the 15C211 to identify LEGAL shares in BHUB?
It's hard to imagine that after going through a halt in trading that the DTC would continue to allow trading in illegal shares.
OK, but the stock can't trade until the 15c211 is filed... right?
Well I do know that some of us are "more equal than others"... am I getting close?
Damn Clarity, Great post!
Can we assume the the filing of the 15c211 will generate a press release?
I may be overly conservative but I'm actually waiting to see how much effort it takes to break through the resistance at .14
BUGS looks like it may be starting to make an early move on the Hurricane Season.
There seems to be some difference between Depository Trust & Clearing Corporation and the Depository Trust Company
I should have been more specific.
"In the end, the illegal shares issued will have to be covered in some way shape or form"
If Select Transfer is responsible for covering the shares and they don't have the financial resources to do so then they would have to seek protection under Chapter 11... right?
Is bankruptcy a form of coverage?
Do unto others before they do unto you.
The opportunities depend on your place in line.
This is true, But PMED wasn't too bad...
What we need is
another penny stock with FDA approval!
Lenders Hit with Margin Calls
Accredited Home hit by $190 mln in margin calls
The company said it is "exploring various strategic options, including raising additional capital to enhance liquidity and provide the company with the flexibility to retain or sell originated loans."
http://www.marketwatch.com/news/story/accredited-home-lenders-hit-190/story.aspx?guid={D91F0563-E685...
Retest of market lows coming up this week.
In a time of deceit telling the truth is a revolutionary act. – George Orwell
Yes, but will Terra Fuel be notified?