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when he converts his note hes begging the company to let him. but they wont.
Dont worry about it, your in a pool with big fish. Little Guppies want the price to go down to convert.
Kevin will buy the notes out, or pay for them in cash or just not convert it.
Ive had a note in default since april 2012, enring my interest on another stock. Difference is, I LOVE the default. So i bet the note in default does too.
me too. lol
great, so ytour admiting SGLN is worth nothing
"base as there is nothing to gain at the end... use your brain... 33% of nothing is what again????."
Makes sense.
My motivation = making money. same as your motivation as a note holder to bash it down and convert more.
besides, we know the notes wont convert per the company, ill buy your note out and any note left. Kevin knows that.
So comon, sell that note =]
hope so, got em at 0018
800$ worth? LOL. Take my 63M
complex? bro a note is for a child. its not hard to understand, you get more shares the lower the price.
so bash away =]
Contact SEC, re: Toxic Financing/Manipulation by an old note holder
Let em know we have a a toxic note holder bashing the company to convert his stock cheaper and he confirmed it in writing like a moron.
The SEC’s Office of Investor Education and Advocacy provides a variety of services and tools to address the problems and questions you may face as an investor. We cannot tell you what investments to make, but we can help you to invest wisely and avoid fraud.
U.S. Securities and Exchange Commission
Office of Investor Education and Advocacy
100 F Street, NE
Washington, DC 20549-0213
Telephone: (800) 732-0330
Fax: (202) 772-9295
Submit a question or comment to the SEC
https://tts.sec.gov/oiea/QuestionsAndComments.html
Report a possible securities fraud to the SEC
http://www.sec.gov/complaint/tipscomplaint.shtml
Convertible Securities
A "convertible security" is a security—usually a bond or a preferred stock—that can be converted into a different security—typically shares of the company's common stock. In most cases, the holder of the convertible determines whether and when to convert. In other cases, the company has the right to determine when the conversion occurs.
Companies generally issue convertible securities to raise money. Companies that have access to conventional means of raising capital (such as public offerings and bank financings) might offer convertible securities for particular business reasons. Companies that may be unable to tap conventional sources of funding sometimes offer convertible securities as a way to raise money more quickly. In a conventional convertible security financing, the conversion formula is generally fixed - meaning that the convertible security converts into common stock based on a fixed price. The convertible security financing arrangements might also include caps or other provisions to limit dilution (the reduction in earnings per share and proportional ownership that occurs when, for example, holders of convertible securities convert those securities into common stock).
By contrast, in less conventional convertible security financings, the conversion ratio may be based on fluctuating market prices to determine the number of shares of common stock to be issued on conversion. A market price based conversion formula protects the holders of the convertibles against price declines, while subjecting both the company and the holders of its common stock to certain risks. Because a market price based conversion formula can lead to dramatic stock price reductions and corresponding negative effects on both the company and its shareholders, convertible security financings with market price based conversion ratios have colloquially been called "floorless", "toxic," "death spiral," and "ratchet" convertibles.
Both investors and companies should understand that market price based convertible security deals can affect the company and possibly lower the value of its securities. Here's how these deals tend to work and the risks they pose:
* The company issues convertible securities that allow the holders to convert their securities to common stock at a discount to the market price at the time of conversion. That means that the lower the stock price, the more shares the company must issue on conversion.
* The more shares the company issues on conversion, the greater the dilution to the company's shareholders will be. The company will have more shares outstanding after the conversion, revenues per share will be lower, and individual investors will own proportionally less of the company. While dilution can occur with either fixed or market price based conversion formulas, the risk of potential adverse effects increases with a market price based conversion formula.
* The greater the dilution, the greater the potential that the stock price per share will fall. The more the stock price falls, the greater the number of shares the company may have to issue in future conversions and the harder it might be for the company to obtain other financing.
Before you decide to invest in a company, you should find out what types of financings the company has engaged in - including convertible security deals - and make sure that you understand the effects those financings might have on the company and the value of its securities. You can do this by researching the company in the SEC's EDGAR database and looking at the company's registration statements and other filings. Even if the company sells convertible securities in a private, unregistered transaction (or "private placement"), the company and the purchaser normally agree that the company will register the underlying common stock for the purchaser's resale prior to conversion. You'll also find disclosures about these and other financings in the company's annual and quarterly reports on Forms 10-K and 10-Q, respectively, and in any interim reports on Form 8-K that announce the financing transaction.
If the company has engaged in convertible security financings, be sure to ascertain the nature of the convertible financing arrangement - fixed versus market price based conversion ratios. Be sure you fully understand the terms of the convertible security financing arrangement, including the circumstances of its issuance and how the conversion formula works. You should also understand the risks and the possible effects on the company and its outstanding securities arising from the below market price conversions and potentially significant additional share issuances and sales, including dilution to shareholders. You should be aware of the risks arising from the effects of the purchasers and other parties trading strategies, such as short selling activities, on the market price for the company's securities, which may affect the amount of shares issued on future conversions.
Companies should also understand the terms and risks of convertible security arrangements so that they can appropriately evaluate the issues that arise. Companies entering into these types of convertible securities transactions should understand fully the effects that the market price based conversion ratio may have on the company and the market for its securities. Companies should also consider the effect that significant share issuances and below market conversions have on a company's ability to obtain other financing.
Companies or investors seeking to learn more about the SEC's registration requirements for common stock issuable upon conversion of unregistered convertible securities, including the timing of the filing of the resale registration statement and the appropriate form that the company may use to register the resale, should consult the Division of Corporation Finance's Compliance and Disclosure Interpretations.
and now that he holds a note, we can discuss it, because he is an insider of the company, posting without disclosing.
perfect. SEC doesnt like toxic note holders bashing to convert better prices lol thats a big no no
where? its 7M in volume, sad if you think thats alot lol
moronic financers, bash down to convert LMFAO
someone's trying hard for a better conversion, but too bad company will buy the note out, ahhh, love it.
LOL, yeap, untill Kevin sells your debt and pays it off, Silly Silly.
Like i dont know how to buy a note. Kevin is very willing to remove toxic dirtbag financers like you out of his company
glad you are admitting you hold a note, makes sense why to bash it down and let it convert up. and since you hold a note and admit it, we can have fun now arguing since ihub will alow us to argue since you are part of the company.
So basically you are also an affiliate? and not disclosing during your posts?
LMFAO, but u just said its in default. Silly liars.
So you hold a defaulted note? LOL and no wonder why your annoyed they wont convert you out ? LMFAO
defaults, are 15% interest quaterly. Who cares. Default = they wont convert.
=]
Keep the panic coming, we are loading, but please do a little better
some just need proof. if they saw the l2 and called the T/A themselves and confirmed with company, they would be buying =]
$FLST - Five Star Management
John Thomas - CEO
Mr. Thomas has practiced law specializing in general corporate law, securities, and mergers and acquisitions for his law firm, John D. Thomas P.C. since June, 2003. From September, 2013 through December, 2013, Mr. Thomas served on the Board of Directors of Helmer Directional Drilling Corp, a filer of reports pursuant to 13(a) and 15(d) of the Securities Exchange Act of 1934. From March 2008 until March 2012, Mr. Thomas served as a member of the board of directors and chairman of the audit committee of Bayhill Capital, Inc. (BYHL.OB), a filer of reports pursuant to 13(a) and 15(d) of the Securities Exchange Act of 1934. From July, 2009 to May, 2011, Mr. Thomas served as a member of the board of directors of Vican Resources, Inc. (OTC: VCAN), a filer of reports pursuant to 13(a) and 15(d) of the Securities Exchange Act of 1934. Since August 2009, Mr. Thomas has been a member of the board of directors of London Pacific & Partners, Inc. (OTC: LDPP), a Los Angeles and London-based investment and advisory firm specializing in healthcare and hospitality finance.
Kevin Blanco - VP of Sales
Kevin Blanco graduated George T. Baker aviation school in the late eighties and received his aviation mechanics license from the FAA. Kevin has always dreamed of working on airplanes and with his first job at a flight school in Miami he was able to not only work on airplanes but he also learned to fly. Kevin has over 25 years of experience in aviation and over 17 years of running a successful business
FLST - ETRFF trying to load today, smart man. block and load. lol, get me more shares
There you go board, just posted a bunch of DD to spread around...
FLST Past News Links - Fuel Stream
April 28, 2014
FuelStream Announces New Website Designed For Business
http://www.thefuelstream.com/fuelstream-announces-new-website-designed-for-business/
June 06, 2014
Fuelstream Corporation Announces Its First 2014 Revenue
http://www.thefuelstream.com/fuelstream-corporation-announces-its-first-2014-revenue/
May 13, 2014
Fuelstream and Global Airways on track with Airbus refit
http://www.thefuelstream.com/fuelstream-and-global-airways-on-track-with-airbus-refit/
May 19, 2014
Fuelstream Provides Update on Fuel Deliveries
http://www.thefuelstream.com/fuelstream-provides-update-on-fuel-deliveries/
June 03, 2014
Fuelstream Announces Plans To Provide Fuel Management Services
http://www.thefuelstream.com/fuelstream-announces-plans-to-provide-fuel-management-services/
FLST info: Just got off the phone with Kevin Blanco, VP of sales. I wanted to check some things with him myself.
He confirmed that the last of the previous convertibles have been converted to common shares, and there should be no more for a while, until late July/early August.
The company plans to minimize dilution for as long as possible, as sales are starting to pick up per the Global agreement.
He also mentioned great news is coming for FuelStream, but of course he couldn't give away any details because that is insider information. He said (and I try to quote), "I thank you for your continued faith in our business model. Please remain optimistic, as I believe we have great deals in the works here at FuelStream that will help us to turn our business around and eventually turn a substantial profit while having little debt."
Looks like my thought of bottom here at previous resistance (now support) would likely be correct, and we will hopefully not see any movement to new lows. I believe if we do see a dip there, shares will be scooped up very quickly.
FLST is looking good!! GLTA and check this info out for yourself!
Look how she moves, its beautiful...
FLST
no dilution left on l2, confired via company and the TA
LOL, glad i left my order, i was changing it to 0035 and it said it was being worked lol
0037 has peanuts on it too.
.0035 has 100k on it. peanuts
got me 0031s
Wed Jun 11 10:46:38 2014 Buy 750000 FLST Executed @ $0.0031
whos the moron who just gave me 750k
bidding here for more, waiting for that momo
slapped this AM, time to feed the belly now.
Just got my feet wet today, radar went off from high volume, saw it dip yesterday, i love buying after a retrace, usually bounces
exactly.... AHFD, bottom feed let them panic and load em
a basher? i bought 0018s u idiot =]