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Yes ed3/6me, ink refills do have a much wider and bigger felt need and use,but since Lenny is more interested in a quick buck only a messed up half attempt was made for that.
Hope he realizes that retail is how the world does business in,most of the time.GLTA.
just the news that they have a contract to sell the product through Rite Aid was enough to raise the share price,so not going for that kind of business opportunity does not make much sense.There are other retail outlet which should be explored.
Duane is doing whatever he can with his resources,Lenny is still responsible for LKEN he must be utilising his efforts for developing this side of business.
jazz-1,
The founders programme per se is at a stand still till more money comes in for advertising.So no sales .
May be there are investors who may like to make some extra money,by developing their web sites,or people who have kids in schools.Because Parent teacher associations hold fund raising events through out the year.Parents of those kids could talk to PTAs to include ink refils and or kits instead of selling chocolates for there sales.This could be a reasonable avenue for advertising LKEN to a whole lot of people.Like a grass roots approach.Their parent have businesses so on and on.
And LKEN could sell them to promotors at wholesale prices or as independant agents.
Jazz-1,
dont know how I can thank you enough for the amount of effort you are putting in here, God Bless you.thanks.
People have their reason for sticking to their positions.let us not try to ignore them.Seeing your positive constructive attitude I am willing to wait and give it a chance.
Among the reasons we are where we are is lack of clarity, and now another reason why people are more doubtful,may be the relationship between InkUSA and LKEN.
Founder unit buyers deserve return for their risk,so how do they split the income between LKEN and INKUSA from sales generated by the later.
I think this the the question in every ones mind and needs answer.
Investors may be fearful,whether they will be ignored again.
Jazz-1,you have earned it with your dedication and understanding as far as I am concerned,never ever removed any post even if they were border line.Thanks for being there.GLTA.
Lenny gave these away while he was promoting the sale of shares around .01 and than he picked billions more at rock bottom prices,How about he retire 2shares from his hoard for each one of the freebies that might help resolve the share over flow to some extent.
What has malekabal done that he is being warned,please spellout so we may be careful not to repeat the same mistake.Thanks for policing and trying to clean up this board.
Have the new mods started banning people,is wsd being thrown out.
Much stronger language has been used in the past and still exists.
People are toning down nobody needs to be beaten down to submission,please be a little more tolerant of the people who have been already hurt.
I had suggested a change in strategy of sales on feb,6,2012,requesting why free ink for life may not be the best approach,in my post;
#33448...and the reasons for that.
#33449...and alternate choices by having single or two refill and bigger bottles,of different colors.
And requested inputs from other investors,but may be at that time people were not receptive to that idea.
May be now is the time to get ideas as to how the product may be packaged and marketed.You never know when collective intelligence may help.
Fair enough ,but no harm in being a little polite.
collegebound,thanks for your support,and thank you DSW as well,that is why I requested all should be free to speak their mind.
There are still lots of investors out there and I hope they will chime in as well.
hi jazz,
Takes a deep breath,relax you are doing just fine.We all have the same objective,let every one express their feeling the way they feel.
In case you assured lenny that you will try to reduce what they term as negative feeling,well boss, you have the cease fire from me,how long,you name that too.GLTA.
malekabal, to be truethful and verifiable,If,Duane is the President of this company than it has to be a separate entity.May be nochance2win may know more about it?
As I understand it if inkusa makes any sales they will kind of get a commission for those sales and inkusa will pay founders according to their system which they may know.
So this will be a kind of payoff in which LKEN may not need to pay salaries to sales staff.
Key Man,
Nice to see you endorsing rsr1146 idea,we want to prove it beyond reasonable doubt that we are beyond appeasement, if you donot object to the use of these words.
jazz-1,has been putting in a lot of his own time and effort and since nochance2win also feels more hopeful,should we hold back for a few days.
Hey Kenolova,jkeith,every body,need your say.
Thanks again,
Each individual opinion should matter,lets see how others feel.
Thanks rsr1146,sorry my mistake,you are correct.
What do you think about jazz-1,explanation,do we stick with end of May,for gloves off ,I know it will be a point of no retun.
Input from other Ihubbers is requested.
You avoided the real question, the question was
1.filling unaudted financials.
2.Filing forms showing distrbution and acquisition of shares.
These are normal costs of doing business if companies cannot afford these....
A few post back jazz-1 indicated that InkAmerica is an independant company and Duane is its Presidant.So what ever Ink America makes goes to Ink America. According to TOS that other company should not even be discussed here they can make their own board separately,we will not interfere with them there, there will be no negative comment from us.
But if they still want to talk on this board I have no objection depends on how others feel about it.
time to move on.....
well said,let him declare bankruptsy.He cannot bear the normal costs of doing business.
riskreword,
Jazz1 is doing a good job,but what is it that we are doing is wrong?Are we being negative because it is our nature to be negative.
Why is LKEN getting a bad rap?
Is it because share holder donot want it to succeed.
Or could it be the past performance.
Lack of transparency.
lack of compliance.
continued misinformation.
Road to hell is said to be paved with lot of unkept promises,a lot of good intentions giving way to greed.
what has changed lken at.0001,lenny wants more money with out commiting anything.
As I said ball, is with lenny.It is not even in the court he has taken it home,let him start playing ,we will call it fairly.
you say financials cost money.hence.....
Lenny took over LKen around Nov,2010,at that time all paper work would have been up to date.
He can submit three quarterlies as unaudited,how much expense will it involve
What expense will be involved in submitting distribution and aquisition forms that let the share holders know what is happening with shares.
Or is the company absolved of all the responsibilities.
Hi jazz-1,
Welcome back,keep up the positive spirit.two points from your last post.your words;
1. I challenge any one ........
2 please work to help build ...........not tear it down.
Regarding #1,we have been requesting financials, submission to the proper authotiies about shares sold by insiders,transparency,taking off that pn sign.
LKen is where it is today, why,suffice it to say EVERY BODY knows.
lken has been brought to its present state by the management,and further by their high handedness,in saying they do not have to answer the investors.
Regarding #2,we are working to rebuild,when we say lenny you do not have to admit any wrong doing just show your good faith,let us hear from you.these steps will help build the company image and DUANE.
You are doing a good job,but at the same time in your over enthusiasm I hope you do not tear it down,by snubbing those who are fighting for the common cause.
Thanks for your decency and inteligent answer.
what can be done about a board that is taken over completely by pumpsters.5 mods all pumping,any genuine questions are considerd bashing
A former mod, hired by the said company,set up the present mods,you get banned for asking pertinant questions.
a banned investor in the said company.
Jazz-1,
Ball is in with Lenny,I agree with RSRs May,31 dead line, though it is still too far away,but he has named it,so be it.
Enough is enough.
This is the election year stink can spread,with all the ills of shorting,unscrupulous promotors with their wrong doing,let us make LKEN a test case.
It does not take majority share holders to contact SEC/finra.
Ed3 man you are cool.
King of share count and no reaction.
Clarion call,cb,need of the hour ,together as one voice.
Acts of commision,
1. was there any wrong doing with LKEN shares?
2. Is founders units a genuine attempt under the cicumstances
3.Can we say loud and clear,only fair is fair.
Act of commission speak loud and clear.BUT.
The acts of ommissin are louder still,ominous , and obscene
Greenes are stanging on the roof top in all their grandeur,majesty and style and mocking us,
their arms raised and giving us
the middle finger salute
silentlty in a civil
manner.
And all I have to say ,Yes
you guys did it to me,
you are smart.
Only if all the people hurt in this fiasco unite or the greenes act before that.things donot haveto go to dogs?Let sanity rule.
nc2wb et al,
We have all seen the near demise of LKEN,collegebound brings forth, the at best, questionable nature of, and floundering situation of founders program.
Can we for the last time come to a conclusion,
1.It is a lost cause,Greenes are the victors they have the rights to the spoils,and we lick our wounds,hope and wish them well.
2.Is there any recourse,in this country,which is the only country in the whole wide world,where average joe gets reasonable protection.
3.There must be atleasr 500 of us ,and we have a voice.
4.If voices are raised it can hurt LKEN permanantly,and hurting any body is not our goal,so can we request GREENES ,maybe things got out of hands,and there were no malicious intents.If so,your silence is causing too much anxiety and ill will among investors,so it would be prudent to make a statement.NOW.
5.Other suggestions,welcome.
I hope this all pays off one way or another.
I hope it does both ways,and that we may congratulate you ,jazz-1, obondo,rsr and others that bought in the units.
And especially ed3,for his plunge paying off.
One way or bothways ,units will pay if lken pays.Or do the units have another avenue of paying back? though unit may help enormously,if both are legit.
Will lken pay.
Is it legit and viable.
You may depend on the horse to put in his best effort,but how do we know what is in the mind of the two legged entity riding the horse,the man?
What kind of shephard is looking after our interest?
I will revisit in fall...
Are you saying there is no hope.
Or you are giving Lenny time ,to show good faith?
Since last April when 10 % discount ended and even besides 10 PRs from april 28,2011 to july13,2011 share value dropped to .0001 as they sold whatever they could.
And the powers that, be, are silent,but they want more money.
How much time is enough time.
How does time pass,tick tick tick...times 60=1 minute
tick tick tick......................times 60=1hour
tick tick tick......................times 24=iday
tickticktick.........................times 7=1 week
tick tick ti ck TICK ..............times 4=1month
TICK TICK............................times 12=1 year.
Almost one year is gone,and the honorable CEO says what is the hurry I am planning.
maybe you could reply to his post 64070 on cagr
Hi cb,Have to go out keep the thing going,our boss seems to be on vacation since yesterday good break for him.
R/s or any other alternative,but he first need to figure on the billions he sold after pump around .02 to .01 and picked billions back up in .0004 range,he raised o/s from 3.32 to 6.1 billion where did the proceeds go.Retire the later shares and than do the r/s.
Yes share count has to come to a number which looks respectable not like fly by night companies.
I thought you were about 5 years younger than you really are,you or some one like you,could have would have,if,if,if
Lenny could see,what future can be....but
He knows of course,where is the money coming from?
What kind of production capabilities exit.
Can the product and marketing.......work.
The mess with share structure.
Lack of financials and filings,why not to comply.
Duane is not a missionary he thinks it might work. Why isnt LENNY coming clean so things may move ahead. May be he thinks it is more profitable to him as the things stand.
Thanks again dont be a stranger,Just wonder why they feel people
are giving them a bad rap.A wolf looking at a rabbit as food is normal order of things in nature.Men preying upon others,are the weak supposed to complain.
Is it off topic.Than delete it.If people who prey upon others and still donot admit that they have done anything wrong?
Just saying they should look in the mirror and ask.
Who is the perpetrator.Is it right or wrong.
Take resposibility.
Keep part of the gains(however obtained)
Try to return some value to those who trusted you.
Recognize who has done what,swallow the false pride.
True penance and they say HE is bountiful and forgives.
Thanks for sharing your views.Did you buy any shares or were just doing your dd.In either case you are welcome.Some people took some exceptions so let us abide by the tos but at the same time,lets just not throw the towel.
Since you and your cousin or his friends have first hand knowledge about our CEO could we get some insight about who we are dealing with.No mud slinging just fact.
We do not know whether it is still a viable company,there are two addresses listed one for Clovis another for Fresno,they are closer to one another but we do not know if it is a production facility and separate corporate office,etc.
Your input may help us get the needed info.Mr.Greene says he is very busy in his next project. Do you or your cousin or his friend see any increased activity at the Fresno unit.
What kind of facility it is how many people work there how many parking spaces ,how many cars parked etc.
Deafening silence,lights off,leading political party saying;
Minimum governance.
industry to self regulate.
What is average joe supposed to do.
May be there is a God.Pray.
Lord,Please explain it to Greenes, Lenny , in particular
Let him ask himself,
How are the people who trusted you at fault,are you a good shephard,you were given a job ,did you do it according to rules of business and decency.
If not ,you are a human being,just own it up in your own mind,do the right thing.
Amen to that ,but my prayers are that the good Lord grants him the wisdom and under standing,now, to let you handle the responsibility so you may chose your successor as and when you feel he is ready.
And maybe just may be we can enter a new spring in our lives.
Best wishes to all.
Did you get the real certificate or just a notification from your broker.How does it look.You sure you want to put more money on anything connected to this great ....
I donot want to put Duanes position in a untanable situation but knowing the things we know,the picture of a cheque that jazz-1 showed comes to my mind.
Jazz-1 said Duane is the president,but the payment is made by Acubrite to a third party for Ink america.So money goes to Lenny he is not issuing shares for INKAMERICA,so how do they account this money for,is it a income for LKEN, or acubrite,are these one and the same entity.
Am not trying to put the investment of fellow ihbbers in those unit shares in jeopardy but trying to persuade them to be careful at least let lenny bring the parent company to compliance so that we know we are dealing with people who are respectful ethical and business oriented.