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This happens everyday in the penny stock world, except this one has shareholders that aren't going to let others enrich themselves at their expense.
It happened the morning of March 5th, you can see my post and a couple others mentioning it on their board.
A couple days ago EXBx had the same thing, one share at .0016! volume has picked up and now it's at .0035. It's no coincidence I think,
I've been doing the same with another stock, holding adding, waiting, finally with a sign to some life they decide they are going to RM into another company...great! But then they announce a 1 for 2000 RS diluting us down to nothing! We put a stop to this by filing an injunction and the judge issued a temporary restraining order preventing them from doing the RS!
I've got a ton of shares here, hopefully they don't pull some RS crap before we start moving!
Seems like you are the only lol!
Hopefully something gets kicking here, this is boring.
Our MM is the count from sesame street, that's how he runs the show. " one! one, share ahh ahh ahh...two! Teo shares...ahh ahh ahh!"
I get the sane impression about Shaun as you do, poor guy, bet he liked throwing the title of "CEO" around lol.
It's less then 2K in dollar value of today's trading so far. Not what I would call a sell off. Many are holding huge shares and they ain't going anywhere at these prices, it would be pointless.
Some bought shares after the recent filings, losing patience and bailing out, no big deal.others own these shares at much higher levels, those are the shares that aren't going anywhere and are putting a stop to this RS crap.
It will be interesting to see what happens when the company responds to the TRO against the split in an official capacity. For now...we wait...
Thank you Zach, Laser, and all others who are working hard on this thing!
I really think this is the beginning of something great!
It will be an exciting couple days to see if this RS can be stopped. Thanks to everyone working and pitching in on this!
The last 3 hours had less than aprox 2.5 million shares at .002 and under, after nearly 60 million traded hands. Tomorruw will be interesting, I doubt we will see it drop that far tomorrow, I wouldn't be surprised if you are able to snag some at 15, but it's looking tight for any large amount of shares at that pps tomorrow.
Let's see, hopefully another gap and run tomorrow!
Volume at a trickle now, consolidating, waiting for news, IMO.
No one really selling buying at a trickle. This mornings volume was excellent, let's see what tomorrow brings...
If that was the case it would be a dividend of new shares with no mention of a reverse split.
The stock price dropping over 50% on that news pretty much says it all. If this was truly a beneficial thing for shareholders we wouldn't have fallen in share value and actually would have seen a significant increase in share trading volume.
In my opinion this is just a scam for insiders to make a few thousand bucks at our expense. They could have at least tried to become a Marajuana stock and jump on that band wagon, you see what those stocks are doing? Lol
Hahaha look at this guys post when we were trading at .0003...
DJPB1984 Tuesday, 02/11/14 12:25:20 PM
Re: Sharing post# 53285
Post # of 60850
You are right. I missed the boat and so has everyone else. DO NOT BUY. This is an OVERPRICED stock. TTDZ will GAP DOWN once again tonight. It has been over the past 2 days. What does this tell you. It SREAMS " DO NOT BUY!" Everyone here should not listen to the posts of making substantial dollars. Just look at any other stock on the OTC that has a similiar float and current price. Ask youself, Where are these companies now? They are gone Belly up. If we removed all the posts and deleted this board and left it up to the PR released we would be in the TRIPS at .0001.
Last year the shares were barely trading when out of nowhere a bid for 15 million shares showed up, took a few days but finally filled at .004 average. $60K was thrown at it for some reason...
Combing through Shaun's social media, it doesn't make sense on how he was chosen, or what experience he has. He is a young guy, with a limited professional history from what I can find. He does have family connections through Melbourne Florida, but nothing I could find to associate him back to the old CEO.
Not true, shareholders have stopped RS before, it just takes an active and large shareholder group to do it and put in the effort. At the very least derail the RM so that others don't enrich themselves at our expense. Having an angry and active shareholder group can cause problems through the DTC for the new trading symbol and make the shell less attractive for a RM. The main reason they want to wipe out the existing shareholder base.
If they do this without shareholder approval, can we cause a problem for Shaun's plans?
According to this EXBX' s problems with being stolen can cause the DTC to freeze their plan and their 62,000,000 shares they hope to trade?
"DTC Eligibility: This step may or may not be necessary. In a nutshell, DTC can review a public company’s eligibility if the company undergoes a corporate change transaction (or at any time really). So if the private company merges with a shell company with problems and then changes the name or reverse splits the stock, for example, DTC could review the company’s DTC-eligibility and may elect to freeze or chill the company’s stock. If this occurs the process to regain eligibility can be a long and frustrating one, so this is a possibility companies should be aware of when making the decision between a Direct IPO and a reverse merger, and if it chooses the latter, then this should be a factor in determining what shell to select for the transaction."
I believe we can, but they are moving quickly, hopefully there is some work going on by people who don't want to get cheated to try and stop this. Shareholders with more experience than me were able to stop Jack when he tried to run a RS. Maybe they can stop Shaun's attempt at this ridiculous RS he is planning?
I'm sure we all voted no Bigdaddy, looks like the thieves found a workaround to us standing in the way of their scam.
So now Shaun (Jack?) has a controlling vote of 500 million shares to vote with through the Series D convertible notes he was awarded! No wonder they think they don't have to a vote!
Where the hell did these shares come from???
I think laser is being facetious, Jack couldn't get his RS before when it was put up to a shareholder vote, now he has Shaun doing his dirty work IMO.
This needs to go to a vote, with Laser and Zachs experience dealing with the snakes here I'm hoping we still have a chance in stopping this thing!
Go Zach! Go Laser!
Swindlers and thieves don't let you vote on what they steal from you, unless they get caught doing it, then they come up with excuses. I sure hope Zach is right about his thinking that this won't go through under these circumstances. More power to you Zach, you have my support 100%!
Woo hoo, 1for 2000 and Shaun gets the company with 51% of voting shares!! Nice job Jack, looks like the shell is yours to steal. Why buy now?? Get your shares first week of March when they drop from the dollars post split to pennies in a week. It sounds pretty clear out one for 1 is pre split and converted post split, trading volume agrees with me...my opinion of course.
Anyone see anything different??
That 83 is a MM signal that they are caught short and need to run the stock to 11 cents (8+3) to cover!!
I learned that here on IHUB! Booom shakalaka boom!!!!
I kid, I kid....
I had no idea scottrade would do that! That would save me a lot!
Laser, I use Scottrade, they charge $7 plus 1% of the principle for stocks under a dollar. A trade for 100K at .003 would cost $10 in brokerage fees through them.
For any new investors here, the only reason I have stuck around, even added to my position is because of the dedicated efforts of shareholders that refuse to let themselves be cheated! If this was any other penny stock in this position, the shareholders would have been screwed and the "Shell" stolen long ago!. For those efforts I am grateful for their work!
I don't think Shaun has any idea of what dedication there is here to not let our shares get run over, that being said I'm hoping for the best and it is exciting to see some action and leg work moving to do something!
Laser, why even mention a reverse split if we are getting 1 share for every 2000? Was this just poorly worded on Shaun's part? (If that is what is actually happening). Imagine the reaction if the PR stated we were getting a DIVIDEND in the form of one share of the new stock for every 2000 shares of EXBX we hold! That would be positive progress and volume and share price would have shown that after the PR!
He needs to clear this up, I'm sure he is reading this board and has already gotten an earful, I've called him several times only to be greeted with a full voicemail box.
I am hoping this is the case, a 1 for 2000 dividend sounds much better to me then a 1 for 2000 R/S.
Our shares are being stolen and our voice taken away is what's happening in my opinion. If we were really getting shares in a new company it could have been issued as a 1 for 2000 dividend in the new company for every share of EXBX you currently hold. Instead we are getting diluted to NOTHING. I really believe the Jack is behind the scenes of this and thinking we won't notice, and we would just be happy something is happening...then poof! It's all gone. The only thing I see happening is him making a killing off our clean shell that we own.
Which basically means our shares of EXBX are going to number 250K worthless shares after the split from aprox 400,000,000 that are outstanding now and the company (Jack and Shaun) will have 500,000,000 shares to vote with.
Looks like the Jack can steal the company after all!
I didn't post a lot then but I'm still here....
Always happy to get any news and updates, I'm not to excited about what I see but hopefully those that know more then me can shed some light. Anyhow you have my respectful attention...
If that's the case, then I feel much better about this!
No they are issuing 40 million shares after the split, you will have 500 of those...do we have any vote on this crap?? Anyone know?
Who the hell would authorize a 1 for 2000 RS?? We voted down a 1 for 40 and they come up with this crap?
Another lawsuit in the works I hope....
I don't think there are a lot of shares available at these prices, if we see any significant share volume coming in, I'm talking 30-50 million share days we will see real movement in my opinion. Hopefully we see that after we cross the penny mark, then 10K, and hopefully a plan of what the vision for this is going forward. Anything under a penny is a gift IMHO. I might sound like a pumper but I've been in this stock for a long time and this is the most excitement I've seen in years!
I've been able to accumulate nearly 3 million shares in the last year. They aren't going anywhere for a while!
I would really like to see this cross into penny land on anticipation of real news. I think it's slowly happening, we don't need a whole lot of dollar volume to do it and when we do get some official disclosure on what the plan is then we watch it pop back to the nickel range!
All this dilution is just going to bring the pps back to $3.16, why can't they stop diluting so the pps can go up!!??? This is the worst dilution I've seen a company do since the low 3's!