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Yes they were I guess I need to repeat myself until im blue in the face. Look at the annual and the 10Q You are completely incorrect.
More from the 10Q
Outstanding Shares. As of June 6, 2014, there were 34,537,979 issued and outstanding shares of the Company’s common stock. Currently, there are an additional 3,453,000, unissued shares that underlie the currently convertible portion of a debt instrument.
Thes kind of transactions are called death spiral Financing
Here is more from the 10Q
Subsequent to February 28, 2014, the Company has issued shares of common stock, as follows:
A. In May 2014, the Company issued, in two separate private transactions exempt from registration
pursuant to Rule 144(b)(i), a total of 6,600,000 shares of common stock to Appinero, LLC (as to
3,300,000 shares, David Loflin - President) and Colins Capital, LLC (as to 3,300,000 shares, James
Kaufman - President), in connection with partial conversions of a promissory note of the Company,
pursuant to two separate cancellation of debt in exchange for stock agreements. Under these
agreements, a total of $660.00 of the existing debt was cancelled by the issuance of such shares, a
conversion price of $.0001 per share. These shares were issued free of restrictive legends and such
shares are free-trading shares.
So more dilution on the way. This stock isn't going up anytime soon.
Ok here is what I found out in about 10 minutes of research.
This is from the annual report
A. In December 2013, the Company issued, in two separate private transactions exempt from
registration pursuant to Rule 144(b)(i), a total of 5,000,000 shares of common stock to Appinero,
LLC (as to 2,500,000 shares, David Loflin - President) and Colins Capital, LLC (as to 2,500,000
shares, James Kaufman - President), in connection with partial conversions of a promissory note of
the Company, pursuant to two separate cancellation of debt in exchange for stock agreements. Under
these agreements, a total of $500.00 of the existing debt was cancelled by the issuance of such
shares, a conversion price of $.0001 per share. These shares were issued free of restrictive legends
and such shares are free-trading shares.
At the annual report
the A/S was 100,000,000
and O/S was 28,937,979
with a 5 mill float
the Quarterly
the A/S was 100,000,000
the O/S was 34,537,979
with a float of a little over 11 mill
as you can see by the statement from the annual the 5 mill were free trading shares
As you can see between the annual and the quarterly the O/S did in fact go up.
Gary didn't lie to me the float was in fact 5 million but he lied about when the finacials were going to come out because he needed to sell some shares.
The company did in fact by the numbers dilute.
It had to have gone up recently, Gary just stated to me less than 3 months ago it was 5 mill and now its 11 mil, The question would be, what was the O/S last 10Q and what is it now? I will go look at it. If its the same then Gary is a Liar, if its different dilution.
Then riddle me this, how did the float get from 5 mil to 11 mill?
He had to of diluted, the float was 5 mil now its 11 mil. You do realize there is an O/S and and A/S right?
actually I did sell my shares but that really is none of your business, put them in another MJ stock that your friends Techo and Hammer are on now.
Actually you are completely incorrect.
He told me he was going to do it with in a few weeks of my email. He came out with it a few months later. Number two he stated there would be much news so the stock would be liquid, that didn't happen either. He also stated the float was 5 Mil, well that might have been correct at the time, its 11 mil now.
Latergater,
I cant speak for SOG but I can tell you I bash this stock because the owner is a liar and this stock is a scam. I gaurantee you I don't want to buy any of this stock at any price PERIOD!
Youve been saying that for months sorry not true
No buys today sorry RD.
Volume sucks this stock going no where
I agree SoG, This was pipe dream pie in the sky from the start.
Volume 51K and trending down again.
It that was the case but it isn't, sorry.
117000 K and this stock being walked down. Yup this is good news NOT!
If this is perfect volume and price, I don't know what to say.
I think perfect vlolume and price would be about 1.5Mill traded and the PPS around .30 but thats me.
BB61,
I do respect you and your information. you are not a pumper but an investor. Even though we don't agree on this stock, you are a good man Sir.
Another wonderful day in BABL land where more shares are sold at the bid and dumped.
Actually SOG didn't say that so your post off of my post is incorrect Sir.
Everything about my post is correct, look at the facts.
No Gary is a Liar, Period. He has lied many times to me in emails.
.025/.028 and nobody is buying that tells the real story about this stock!
Gary Oberman is a liar and had not lived up to his words on this stock. Any knew investors stay away from BABL
After * and Zero volume. This stock is a POS and has nothing to offer. mms even dropped the ask and nobody wants any shares.
Thank You SOG and you are correct about this company Sir!
This stock is CRAP all the unsubstantiated claims here are false. You will make about as much money here as if you invested in ENRON.
There will be no large corp that is going to buy this POS. The stock is trading at .03 and nothing is happening here, sorry.
Actually, back in 2009 it was HIPSO and Rene Arbic owned the company, BABL is a different company with Gary Oberman at the helm. I don't like BABL because the owener has lied many times to me and I don't trust him. It has nothing to do with HIPSO.
No lets be honest, I made my investment off of emails going back and forth from Gary Oberman and he is a Liar. Therefore this to me is a scam stock on which I don't think anybody should invest. If you think its a good investment then that is your decision. I believe this to be a scam stock.
Now in saying that I dont have a ton of money in this thing and I bought in at just a little over .06 so my loss isn't critical I just don't like owners who give false information in the pinky market and get away with it.
GLTY
Win III
You are correct SOG, The chart is nothing to scream at. The MACD is dog S*** and the RSI has been sitting where its at for a while, to state its entering the power zone is completely false.
Look at the price, everything that has been stated as far as price has not come to pass, everything I have said has come to pass. I like my track record,
THIS IS A SCAM!!!!
So others don't buy into this scam stock like I did.
I see nothing that tells me this stock is going to go up any time soon.
Down today, boy i was hearing that at the end of last week for sure this would be at .04 - .045.
This is a POS Scam stock Period!
and your insistant pumping isn't anything close to DD either. At least I was in contact with Gary, until his lies started to come through. I forwarded his email (s) to inviduals that really wanted true DD, unlike you who simply puts out constant BS and propaganda.
Really Really? Wow, that just takes the cake, have you seen the volume lately? NOBODY has been buying this POS therefore nobody is accumulating anything.
LOLOLOLOLOLOLOLOL,
Well everyone there you have it. Another wonderful investor who thinks investors short POS pinks, now you all know who to believe, say away from these investors they are simply selling you their shares.