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well that doesn't sound good.
I holds another penny stock that I thought was over fer a few years as well. It even went through several ceos with no product being sold. Now it seems to be generating a little energy and may even come back from the dead. Who knew.
Doesn't mean this one will come back to life. If owvi ever does come back to life, I hope it does before I decides to put my account out of its agony and dump owvi overboard for me 2015 taxes.
I don't think he is the only one coppatop....
... and I have seen the same wit other penny stocks...
I don't like it either but I am realistic about it.
It cost too much for such a low return after an attorney takes his fees, and the client always ends up paying for things like expert witnesses, etc., costs if you loose both to the attorney that you are using and to the victor of the battle who may be entitled to compensation as a result of one's legal action that just didn't work out the way you thought it would... There is little if any value to it in the long run as I see it and I also HIGHLY believe it would be successfully argued in court that the investor is in part, considerably responsible for his/her own actions, inactions and demise.
If there would be any reward from the $$$ risks and costs involved, and I doubt it would be successful, what really would you take home when it is all said and done? And that comes from someone who has lost $20K - $30K over the long run. Never again.
I think the SEC is the best recourse and let the chips fall where they may. If the SEC says no foul, I wouldn't like it either but it is what it is. Lesson learned... Never shall I invest so much in something like a penny stock and as Pf0851 put it, "read what Warren Buffet buys and just purchase that". I has to agree wit him on that one.
But if the SEC does find fault with owvi management past or present, oh well! .. but I think ya cant get around the costs and potential risks associated wit attempted civil action because I think ya still cant get around taking some responsibility fer yourself as the investor who decided when , how much to spend and when or when not to get out of a stock.
Argh Trade, but here's the thing... Why can't anyone seem to find an attorney to take it on?
Its a costly endeavor.. AND..
How about the disclaimer by each person's own brokers that I seems to see... "no guarantee, no insurance,.. may loose money" ?
How about, ultimately.... the individual investor decides by his-self, when to invest, what to invest in, how much $$$ to spend on it and when to get out. Everyone needs to take responsibility fer their OWN individual actions and inaction, gains and losses, for spending too much and each individual take a greater part of the blame themselves. This cannot be ignored in me opinion. I don't see how it would be ignored just as the sun rises and sets. It is reality.
As fer criminal liability such as fraud however, oh yes! Then there's the SEC ! The cavalry! The mounties!
Ah neverminds Paf0851. Me parrot read yer posts n figured out what ya is talkin about. Doesn't seem to have much umph in me opinion. I truly thinks I would only loose more $$$ than I already have in the long run and I no longer have that kind of money to spend anyway. I would think that ultimately, it would be very costly to include time and travel expenses, particularly when a battle truly begins wit a trial.
As fer me, this penny stock and a few others took its toll on the captain and I see no recovery in that fer me on the horizon short of a comeback before I gets rid of what owvi stock I have left. I can only do that right now by paying a broker to remove it from me account.
I thinks if the SEC is on it as you and others have noted in this and other penny stocks, if the SEC doesn't have a case to pursue successfully, no one does in me opinion. If it does, then perhaps the SEC can secure compensation fer us? Time will tell.
But each to his own accord sir.
Is ya willin to share the name and contact info fer your legal counsel wit the crew sir?
Pf0851 if'n ya takes a stroll on this n other decks/penny stocks, there are other penny stocks that failed n the crews lost their treasures. I is unaware of anyone who claimed and then has successfully found counsel willin to handle such cases wit "small" returns due to one individual's losses. I am unaware of anyone in the grand states of California, Nevada, Florida and the like who would be willin to invest extensive time $$$ and effort in such an endeavor. I suppose it would take the combined effort of multiple victims wit a single attorney willin to take it on witout paying up front and wit no guarantee of success.
Aye Ex-0 I sees that wit me good eye sir.
I gots half of what I used to, having unloaded over a few years. I am down to somewhere above 6 million shares remaining and in the hole somewhere around $15K for that 6mill+ shares. I worked a second job when I was buying and lost just about the same amount of $$$ I put into this one, as if I worked that extra job and didn't get paid. Disgusting. Penny Stocks. I am done wit it.
My fault for investing so much into OWVI I guess. I can only blame myself for investing as much as I did... not that I happened to invest in what appeared to be a worthwhile penny stock.
PRs, postings of photo ops by management, youtube of the first kiosk in Asia, averaging down when I thought there were simply dips in the pps... it all looked good to me.
Just call me Captain Dipstick.
Argh Nabbbsss if'n that be true we cans hire more crew to sail n' dig fer other treasures but matie there's not much left to me skin n' bones now. Even me wooden peg leg is lookin good enough to eat...
... Alas if this ship be fit fer sailin again it best be by summer of the current year. I'd like to sail to Tortuga to feel the warm breezes, bath in the clear blue seas and well.... I ramble...
... Currently we seems to be stuck somewhere in the Antarctic !
Ohhhhhhhhhhhhh don !!!!!!!!!!!! You are too good sir and perhaps a better man than I... as I will not part wit another shilling witout management shedding some sweat and plenty of its own coin into the tugboat, getting it seaworthy and successfully launching, and most of all, seeing to it that the crew recover their losses.
There be a bright light on the horizon says the captain ! ....
.... Its a new year fer tax write-offs maties !!!
... I gots a great broker fer that too !!!! It'll only cost the captain five bucks ! Ain't the captain a lucky man? Yes sir... Oh yeah! Yup.
Aaaarrrrggghhhhh
Argh Mokyo Toe, the captain aint so sure.... I thinks me parrot may have scavenged all that was left of the pretzels n' beer fer himself..... there is a bright light on the horizon though....
.... Its a new year which means a new opportunity fer tax write offs !!!!
Yo ho yo ho...
Set the plank! Set the plank ! Give me proof! Where's the Captain? Aaaawwwwwrrrrkkkkkkk !!
Question fer ya maties... Does ya think if a company goes bankrupt strandin the past shareholders, that any time soon ya can restructure and expect NEW investors to offer up their hard earned $$$?
I knows me n me seasick parrot wouldn't buy into that. Wouldn't touch it wit me own peg leg be sure.
Watchin n waitin. One way or the other, its fame n fortune else I plan on jumpin ship in 2014 witout the hesitation I have in 2013.
Argh cash but its about the same if it is worth some shillings toward a tax write off.... but time will tell matie.
I'm told by me broker they are will to remove the shares from me account for $5 if I asks them to do so in writing.
I gives it until late summer 2014 at which point if we ain't sailin, I'll use it fer me next write off, no doubts about it and I won't be looking back.
Fer now I gives the current CEO a chance. No reason fer me not to.
Aaaarrrggghhh.
Argh jesblanc... I thinks I know what you thinks I'm thinkin you think...
Ahoy don007!
The captain has a possible answer sir...
... I know that if I wishes to remove these shares from me account, I can pays $5 to me broker thus the exchange of shares and a tax write off.
... It may well happen sooner or later unless this vessel gets out of the desert and on to waters again.
Ahoy techstock.... stowaways are welcome!
Argh thanks maties. as I expected the majority of the crew ain't monitoring this vessel right now but we gots enough to MAN THE PLANK !!!!
Thank you gentlemen.
Happy sailin!
Callin' all crew...
Roll call! The captain is just wonderin whose still followin along on this board whether or not yer postin anything.
Sound off maties. The captain and I'm sure the entire crew is interested including me parrot.
Twould be nice to hear from the old gang.
Aaararrggghhhhh
Argh jimblob that's why the captain keeps ya on board sir. Thanks matie and thanks to Carrie. Fair enough!
OUR money was given and used by OWVI. If Mr. Lindsay has a viable idea in the making then its time fer him to ante up himself with a PR. No money? Come on! Too bad. Not a good answer.
A simple "Yes. Thank you" to a share holder doesn't cut it fer me. Given the lack of any news in over a year, the captain thinks Mr. Lindsay should build credibility to explain what the heck is goin on and he cans starts by providing us a publik explanation whatever that truth may be.
The captain has spoken.
The captain n his parrot was hopin Carrie would speak publicly to any deadline (October 31st) that did OR WAS NOT met and why. Takes out the speculation on our part and adds credibility to management in me opinion. Speakin publicly to missed deadlines is somethin I hasn't seen printed in any release by any penny stock I has ever held.
Carrie, if'n ya please do us the honor....
Aaaaauuuccckkk, sets the plank... sets the plank, AAaauuuuccckkk !!!!
Argh and who else do you see going after pete?
Aye sir if that is true about Carrie investin 900K in this stock I would have every reason to believe she would do ALL she could to make enti a success.
Good fer her.... and us I hopes!
Aaaaarrrgggghhhhh
Witin the next few days it'll be interestin to see what happens or what is said if anything by management. Trick or Treat, matie?
Ahoy pete.... what is it that yer state securities division can do matie and why not the SEC? What if anything has the SEC said to ya? Is it all fer not mate? I don't know but keep us posted.
Hopin fer better seas one way or the other before I sells off me last 6 million plus shares to me broker at a cost of $5. It'll buy me several years of tax write offs at this point if I did.
Aaarrrgghhhhh
Ah must be a French "parote" eh? ... Well thats what the captain is watchin fer. Time will tell.
Aye mate. I is talkin about everything we have heard lately and the October 31st talk from the PR. The captain is watchin. Me bird is watchin too. Aaarrrggghhhh.
Argh mate, the captain is carefully watchin wit me good eye.
Argh, seems to be a possible, logical conclusion herb witout substance to defend and argue to the contrary...
Aye $uperfriend, we shoulda loaded the life preservers on board instead of loadin' down the vessel with extra barrels of rum!
The captain just doesn't see why anyone would waste time tryin to pull the wool over me good eye when there's no wool left on the pelt.
If'n the captain could only recoup a good portion of me shillings I would gets back in the war! The captain is still stayin clear of penny stocks until such time as those wounds heal. Yet I cant say this will ever come to fruition.
If'n me parrot had any meat left on his crumbling bones I'd eat em right now. Aye nothing left of the rum lest we suck wet wood from the barrel; no stale crackers to wash down the spoiled codfish. It appears to me that tiz a sad, sad situation sir.
Should have abandoned ship at the first sign we started takin on too much salt water, $uperfriend.
At least we saved the plank.
Fer what its worth Bruno, with no income coming in via the sale of stock n the current status of the pps, could there be, maybe, possibly, some sort of heartbeat left? Otherwise why would Ron bother answering you. What would be the point? I see no gain fer Ron to get back to you if the ship was sunk forever. Would he do it just to jerk you around ? No. No one can convince me of that.
We are all left to our opinions n any anger over all that's occurred.
Little hints now n then give rise to the prospect of life, as futile as it may seem to us right now.
Besides no news in over a year and past failures, despite me negative feelins and a waiting game that has got the captain pullin out me hair, I still has me parrot up in the crow's nest on the look out fer good news.
What else is the parrot good fer anyways other than drinkin whats left of me rum?
One thing fer sure, the captain thinks Ron needs to win us over n I thinks that is no easy task. Could it prove to be impossible? Time will tell.
Good luck matie. As fer the captain, I will wait to see what happens wit what I already gots !
Aye justgetnby... me parrot had kittens over that one!
Aaaaarrrrgggghhhhh !!!!!
Argh dreamaker56, me thoughts exactly. Pull the trigger as soon as possible or let the company take aim, make it a good shot, n shoot higher?
Go Red Sox