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THE PROMOTERS HERE, RIGHT ON SCHEDULE!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80455524
EXPLANATION OF VNDB FRAUD
If you look at the chart, it is very obvious what is going on. Even an amateur trader can pick up on this. Look at the high volume days [9/4, 9/11, 9/18, 9/21, 10/2, 10/10] where the stock reaches new lows about every week or so. Shares are traded back and forth by insiders on high fabricated volume to distribute them at lower prices. Once the shares are accumulated at low prices, they fabricate positive volume to raise prices and generate buying pressure through promoters [9/5, 9/6, 9/12, 9/19, 9/20, 9/24, 9/25, 10/3, 10/11]. On October 10 and 11, shares were accumulated inside at .0004 en masse. What this means is promoters will be back in action over the next couple days promoting the stock as the insiders dump at .0005/6/7. This is the 'bounce' the promoters are referring to. All of the other higher volume days can be regarded as outright dilution for funding the re-purchase of the shares at the lower prices on the high volume days. WASH RINSE REPEAT AT .0002 FLIP TO .0003/4/5 next week.
This is felonious trading activity which will ultimately result in a Caveat Emptor designation. Be aware of this sort of trading activity. While it may be easy to pick up on and profit from, it is very risky and could yield devastating results.
$10,000.00 VNDB NOW WORTH ONLY $50.00 - TWO MONTH DEVALUATION
VNDB DOWN 99.50% IN TWO MONTHS!
4 BILLION A/S APPROVED!!! CONFIRMED IN BLACK AND WHITE BY OFFICIAL FILING! BUYER BEWARE!
ONLY A FEW DAYS LEFT BEFORE A/S INCREASE. LAST CHANCE TO SELL BEFORE THE COMPANY DUMPS 3.25 BILLION SHARES. REVERSE SPLIT IMMINENT.
So you are saying that we are at low triples and the A/S increase hasn't even started yet? I sense a reverse split ahead. How can they distribute 3.25 billion at these levels?
VNDB DOWN OVER 99% IN TWO MONTHS, THIS SHOULD TELL YOU SOMETHING ABOUT THIS COMPANY.
VNDB A/S is 4 BILLION. Stop lying to people. Like I predicted, the promoters are back to flip yesterday's pump. Once they sell everything they will repeat at lower prices.
We will see .0002 today, rock bottom on Friday. I'm thinking volume breaks 100 million today?
VNDB A/S IS 4 BILLION.
Get your facts straight or get out, PLEASE.
http://www.sec.gov/Archives/edgar/data/1426568/000121390012005555/pre14c1012_vendum.htm
The distribution of an additional 3+ billion shares has not even started yet. The prices are at .0004 already from less than 170 million in dilution. This company has no revenue and is severely in debt. I cannot fathom them dumping 3 billion shares at theses prices without reaching a no-bid situation. A reverse split or an illegal pump and dump campaign will be needed to properly distribute these shares. I'm sure this company, being a legitimate SEC-reporting and an OTCQB business, would never let this sort of fraud take place, am I right?
So, if they play by the rules and use dilution as a legitimate form of fundraising, we will see a reverse split. Otherwise, the company will have engaged in criminal activity and no trader should even think about being involved in such an association.
I think he was referring to after the R/S comes
How do 99% of penny stocks finance their operations? Were you hoping Vendum was going to stumble upon a wild patch of money trees? It was hardly predictable.
THIN TO .0001 R/S NEWS COMING.
VNDB just dumped 20 million at .0005 and now there is a 20 million block at .0006
I guess this means the promoters will be back any minute now.
Where did OCMillionare (misspelled on purpose) go? Look at this great financing news! They are diluting! That is good news, right?
I guess he can add this on to his record too. 46/49 BAD CALLS.
YOU'RE RIGHT! MORE BAD NEWS IS ON THE WAY!
Going to see 4s today!
LOL DEFINITELY A REVERSE SPLIT ON THE WAY, I CHANGE MY MIND ABOUT BUYING THIS. WATCH THE PROMOTERS DISAPPEAR!
SUPER THIN TO .0001
MAYBE AN EXPLANATION FOR A 99% PRICE DROP IN TWO MONTHS?
Think of it like this.. if this company had a net worth of $100,000 and 100 employees, this company would sold off all of the assets and fired every employee except the CEO. Now the CEO has a nice chunk of change in his wallet and no business to worry about. WHY WOULD HE POST A BOMB PR TO TELL US ABOUT HOW HE SCREWED EVERYONE?
OH YEAH, THAT IS THE MODEL 99.9% OF PENNY STOCKS FOLLOW. REVERSE SPLIT ON THE WAY!
This thing is going down to 0002/3 then will be pumped up for a slight gain. This thing will never see 00s again.
6s up! I would hold your money until .0003, there will be lots available
This is right about where the promoters disappear and the stock starts to tank. Don't worry, they'll be back once we are rock bottom.
.0006s UP! 5s up next for today!
Buy at .0002/3! They're taking it down to pop it back up! Got money waiting for the promo plays.
WARNING!!! Ask is growing huge on 8, this thing will never go past 8 again. Get out now before we see 5/6s. Thin bids!
BUYER BEWARE - VNDB DOWN 99% IN TWO MONTHS, O/S HAS BEEN INCREASED 170 MILLION WITHOUT EXPLANATION OF EITHER FROM COMPANY. WHAT KIND OF COMPANY LETS THEIR VALUE PLUMMET 99% WITHOUT ADDRESSING THE MATTER?
The O/S was increased by 150 million shares.. the stock dropped 99% in the same time. Leave it to our imaginations to put the two together..
The O/S increased by 170 million in two months.. where are those shares now? Either they were sold on the way down or were secured down here in preparation for a major pumpdump? Wonder what's going on..
So 170 million shares have been dumped in two months? Does that explain the drop?
I was about to load up yesterday until I took a look here and noticed a particular group of promoters posting here who are notorious for being the precursor to a negative reversal. In my opinion, the "bounce" we are all looking for took place already. It was very minor on fabricated volume. I have a feeling we are going to see this tank down to .0001-3 before it takes off for the next bounce.
I'll be looking to load up once the promoters leave and pps deflate.
I noticed something funny about the recent slew of people who arrived on this board over the past few days. If you look at the stocks they promoted over the past few months, just about every one of them tanked from the point they showed up on the boards.
I wonder what this means for VNDB?
According to GOLDBUFFALO,
those 5.6 million restricted shares that Jeff Reid decided to convert into 141 million common shares in June were supposed to be restricted from conversion for at least 6 months.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76510444
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76535058
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76510398
Essentially, Jeff Reid converted enough shares to cap out the common A/S. Should he choose to convert more, he will have to increase the A/S far beyond 1 billion to accommodate this.
I'm sure glad I got out of KMAG last week! Great time for some profit-taking! IMO, now that the Q2 is out, Jeff knows that he can do what he wants with his shares and won't have to report it until Q3 financials are due..
Don't even both replying to this unless you can cite statements in a PR or filing to support your claims.
GLTA
Looks like a good place to buy if it holds around 0001-2.
Nope. The whole thing was a scam fabricated through the use of the xne.net domain. Rubicon is a real company, however the Rubicon that the PR was referring to is a fake imitation. I called OTC Markets and they said the have had zero contact with XNE since the CE was issued. Lies all around. Sorry, looks like XNE is finished. I sold everything I had.
PSAR flipped.
We could see an official release tomorrow! This is getting very exciting fast!