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Also was sub-penny up until March (I think) of this year
Mike
robo-
There is always hope look at CHAG. That thing was dead in
2002. SEC court ordered the CEO to resign (Shane Rodgers)
Put company into trustee with two California lawyers. They
setup a new BOD and CEO. I lost my ass sold out back then at
about .10. Well, 5 years later it has resurrected from the dead. Trading now on the greys at .18 and in the process of
uplisting. They ain't dead til there dead. LOL. Lost my ass
on that one.
Mike
TREE-
I was in that one back in 2001-2002. Lot's of fluff
P/R's by Shane Rodgers the CEO at the time. Nothing
could be verified. Anyone one who emailed Rodgers with
questions that raised concerns got blistering downright
nasty emails back from him. The SEC finally under court
order made him resign as CEO. Not before many a shareholder
got their ass handed to them. To make a long story short
two lawyers in California took the company over under a
trustee arrangement. Appointed new BOD and management and
it looks like it has resurrected from the dead. it was sub
penny for almost four years now at about .18. I sold out
back in 2001 for about .10 on its way to oblivion. By the
way, yes, I lost my ass. LOL
Mike
MB-
Yep! Seems so.
Mike
Ace-
I totally agree. This is going nowhere without audited
financials. Let's hope the management of this has seen the
light and gets their shit priortized. LOI, financials, in that
order. One closing of the LOI will give credibility. Second the audited financials will get us a sponsoring broker for
uplisting and start the ball rolling for this thing.
Mike
Seeker-
I am waiting on current financials. That is the only
thing that will get a sponsoring broker to file a form 211
to get this back on the "pinks" with an uplist to OTCBB.
With the SEC on this stock, no broker will touch this thing
without audited financials so that they can satisfy the SEC
that they have done their DD to avoid sponsoring this stock
without the potential for stiff fines for insufficient DD.
Mike
Joe-
I agree, something is near climaxing here IMHO.
Mike
eats-
I am cautiously excited also. By the way, the name change
and cusip change will not cure our short position (if any).
Mike
Well-
It's something.
Mike
MrB-
It appears that way. It depends on which auditing firm,
if any, they engaged to get their financials up to date and
if the firm has extensive O&G experience. Since we do not
know who they have engaged, which is not confidential client
information, your supposition as to the timing is more than
likely correct.
Mike
abbam-
I talked to Gary Watkins about a month ago. He said
that they have rearranged their priorties with this SEC
thing. That we would be getting much more news soon. Don't
know what that meant-given their lack of transparency but
I do call. Just don't get much with any meat on it.
Mike
abbam-
who does? or will tell us?
Mike
abbam-
They can tell us who the outside auditors are that have
been engaged to do the financials. They are not going to
get an uplisting without them. An attorney is great, who is
it for the filings? Have they, really, engaged a firm yet?
Or is it we are going to, still?
Mike
frat-
Thanks. We have potential here. Do we have the right management? In 6 days it will be one year since the
ETLOI was announced by Lancaster. Where are we really
with this thing except that "it is moving forward". It
does not take a year to do your DD on this, negotiate the
price and "get er done". Is the ETLOI a career project at
BIGN? Seems so. It seems the company does not know how to
priortize their business. Things seem to move along as the
wind blows. There seems to be a lack of managerial direction
and flow inside the company. Just my imagination? Based on
accomplishments this speaks volumes. Oh well, I am here like
all the rest.
Mike
sorry not "pinks" "grays".
Mike
abbam-
Not being a smart ass here but what have we received that
has been a definitive P/R of any intentions or deals that have
been finalized. We got our TEG shares but what else. There was
a P/R last year talking about a name change in the 1st quarter
of this year and working on an uplisting to a better exchange.
We are now on the "pinks" via a suspension. What is your take
on what has been going on here? The SEC suspended BIGN for
spam/scam P/R's. The investigation is ongoing. The shareholders would have been much better served by management
closing the ETLOI (if it truly still is in the works). With that in place, they would have all the documentation and legalese in place to move forward with the second deal instead of trying to land two big fish and wrap it into one.
I have found that in business most people/entities that try
to do too much at once do not do much at all very well. These
big deals with little to no transparency to shareholders leads
to distrust and lose of investor confidence. Seems we are
experiencing alittle of that here. I am not bashing the company, I am locked in here long myself at these shareprices.
This is not an investment under the current circumstances. This is a calculated crapshoot that management will pull this
off. I have a healthy amount of doubt at this time. There has
been no annual shareholder meetings that I am aware of, no P/R's with any substance, no movement on name change, no update on the Grimes situation or flowrates other than we had
water problems, no meaningful update on ETLOI. No WWOG shares in our accounts since the pay date of January 31, 2007 with a
90 window for receiving those shares. Does not bode well in
instilling investor confidence here. Time will tell who wins
or who loses here. What is the status on financials?
Best,
Mike
Billiam-
I agree the potential is there. The longer these guys
take to get anything done and keep us in the dark like
mushrooms the more bush league management appears to be.
A name change at least would be a start. Our current name
does not even relate to what we are attempting to do.
Nothing on Grimes. Nothing on ETLOI except that things are
moving forward. What does that mean? Just venting here as
these guys are not the management to take us to a higher
exchange IMHO. Progress on financial statements? Who are
the independent auditors? The name of the firm engaged is
not information that cannot be divulged contrary to some
opinions on the boards. What else, guess I have vented on
all.
GLTU
Mike
pop-
I did, I ended up in total with 6 times the orginal
amount that I owned. The 5:1 is semantics. If you had
a share and got 5 more for each 1 then the total would
be 6 times what you started with.
Thanks for the heads up anyway. All is good, for now!
Mike
Nice guarded feel good type of P/R. I am sure the lawyers
had much imput into that one. It sounds like things are on
track albeit slower that we all anticipated. I will be hanging
around watching this one. Got my TYCHE 5:1 shares long ago, still waiting on the WWOG shares.
Mike
tree-
I got the TYEG shares. I talked to Gary Watkins and the
WWOG shares were supposedly mailed out about mid-week last
week. They ahve not showed up in my Scottrade account as of
yet.
Best,
Mike
mrB-
no symbol attached ot the shares in my account but iy
represented a 6:1 forward split of the TYEG shares. Nothing
is in my account representing the WWOG divvy. Hope this helps.
Best,
Mike
eat-
Thanks for the info!
Mike
miner-
Mine are in my Scottrade account also.
Mike
tomm11701-
It could evenutally trade with respectablility again. First,
Plant needs to resign. Second, CKYS BOD needs to hire a new CEO with a verifiable vitae and track record. Third, Company needs to put out A/F's and state who the auditing frim is. I.E. It is not a violation of professional ethics to state who your auditors are. Fourth, they need to get contracts for their
products that can be readily verified. Transparency, Transparency, Transparency going forward. They created this
mess, it can be undone but it will take dedication, transparency, mangagerial integrity, and a management team
that knows how to run a company. None of the things that we
have seen in the past. I am going to hold on this one. Took
a $ 6,500 hicky on this one to date. Oh, and I will still
qualify for any restitution that may come. Been in one of
these before and whether you sell or hold the restitution
period is date sensitive as to when you were a shareholder of
record. To sell now for me makes no sense becauase the net
that I will get is a nice weekend trip. I will wait to see
how this unfolds.
Mike
mrboston-
They will have to post financials. An MM will have
to file a Form 211 with the SEC sponsoring the stock.
The MM will have to do some DD on BIGN so that if they
sponsor the stock they do not run into potential liability
with the SEC of having not satisfied themselves that the
operations, and financial condition of the company are as
advertised. I would, only quess as to the time-frame for this
but we might get back on the "pinks" by sometime in April or
early May. JMHO
Mike
P.S. If you believe in the company, the longs will have
a great buying opportunity after the 21st.
Miner-
You are correct.
Mike
ricuban-
No-
I don't think we will see and uptick in price when we move
to the grey's. It will go down, because traders, and MM's
between themselves will put in B/A orders somewehere around
1/2 of what we closed at the day before the suspension. Just
the way it is. A/F's and the closing of these LOI's will
be the catalyst to start our journey back to the "pinks"
and hopefully a decent PPS. Just MHO
Mike
Eat-
Don't think so. Oh and the SEC will not publically
annouce when the investigation is final either. Great
Huh!
Mike
Texas-
The "greys" is almost/usually always where a suspended stock
starts trading on. There is no MM support for the stock. So
orders are filled on a buyer/seller offer basis; thus you
do not see a true B/A. CKYS got suspended for 10 days and
started trading at .005. I am unfortunately in that one also.
A MM has to file a form 211 to sponsor the stock back onto the
pinks. However, the MM has to satisfy itself that the financial
information, operations of the business, etc. through DD is
transparent enough for them to risk sponsoring the stock. If
an MM sponsors the stock without satisfying the DD requirements
the MM can face stiff fines, etc. It will be an uphill battle
after suspension ends for BIGN. Not insurmountable but tough.
Texas, take a look on the CKYS board. It has everything about
these suspensions you would want to know but were afraid to
ask. It could, in the longrun be a good thing for BIGN. They
will be much more tranparent going forward. Lancaster and crew
will be on the hot seat for awhile. If they cannot back up with documentation satisfactory to the SEC the LOI's, etc---then god help them. When trading resumes, look for this to be
way down as the case with CKYS. I am not being a prophet of
doom here. I have shares here and want BIGN to succeed as much
as any long on this board, but we will have shaky waters ahead.
There will most likely not be any P/R's about this from BIGN as
there attorney's will probably gag them until this is passed.
Mike
hhhkkk2-
Don't count on a P/R about this from BIGN. I like others
are now locked in here. The ten day suspension is not good.
When trading resumes this will be quoted on the greys. They
will have to find an MM that will sponsor them to get back
on the pinks. To find out all about what this means go visit the CKYS board. The silence here has been way to long. Someone
has filed complaints or the SEC has been watching this. I too
believed we had something here--I guess we shall see.
Mike
Cryptics-
More than likely a partial of 4,000 shares that was completed
with the 3666 shares bought a minute or so later.
Mike
Maui-
The pics are killer. Hope they kill shorters and MM's LOL
Mike
Hi gang-
Reading the messaages. Looks like a great board with
some great mods. Anyway, Hope we can all prosper with
our picks and discussions here.
Best to all,
Mike
Lake-
I called Scottrade last Monday about the divvy. They checked
with shareholder services. The divvy payout of January 30
was still good according to them. The holdup they told me was
the transter agent had not dispersed the shares yet.
Mike
Pat-
I agree. This whole government thingy has been very
hard for all of here to DD. JP has given little guidance
on it either. I think whomever the third party is will be
revealed soon.
Mike
Yes
Mike
Oh I got it dog. The problem is does CKYS and JP have the
juice to pursue what I think is overreaching by the SEC and
whomever or whatever filed the complaint. I hope that whatever
comes out in all this whether it be JP or other outside forces.
They get their just dues.
Mike
Strange it is. Some things not adding here. You mentioned
earlier SLJB. I agree. That stock has turned into a complete
debacle and it trades. SLJB was full of pump P/R's by the
management which were way off the wall. Mideast cement deals,
AF's, etc. Does the SEC suspend trading. No. CKYS has real
marketing. DD that tends to confirm retail and government sales
and it is halted with impending AF's coming out and a confirmed
auditor doing the AF's. Something in this scenario smells and
it is IMHO not CKYS. Someone or something is attempting to
trash CKYS IMHO. I am generally not a conspiracy theorist
but there is so much shenanigans in our capital markets today
that nothing surprises me
Mike
Smart-
Might be-I tend to agree with you!]
Mike
Might take a few.
Mike