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Big day tomorrow 18JAN2011 (not really) hearing before
THE HONORABLE BRUCE A MARKELL, 10:00 AM HEARING ROOM: COURTROOM #3
they're #22.
House keeping stuff it looks like.
http://www.nvb.uscourts.gov/Calendars/gencal.htm
NB: maybe this will give us the name of the US trustee who has been
assigned to this case and we can bug him/her for an MOR. I certainly haven't seen an MOR for DEC 2010, anybody else?
New 10-Q has been filed. A tongue in cheek critic is on yahoo.
""what is up with the miss leading pics pf products in the ibox?""
This is SENZ, it's supposed to be misleading.
They would be better at it if they paid attention to detail.
(toke vis a vis took) as in "take a toke on me" (for the more innocent,
a puff of the "ol' killer weed").
</sarcasm>
As sloppily as this was run I think the guys in Calif. made some money on it.
Maybe they wanted a certain "country bumpkin" verisimilitude.
""How do you know it is two original mavericks that are selling the 20million shares""
Because I read their filings with the SEC.
Calbridge Capital had 14,680,000 shares as of Feb 19 2010 (S1-a)
had 1,154,500 shares as of 10-K of 12-14-2010
SLC AIR Inc had 5,000,000 shares as of Feb 19 2010 (S1-a)
had zero as of 10-K of 12-14-2010
The 10-K also indicated ( as well as the 10-Q just filed) that 1,000,000
shares of pref were converted to common. I doubt that was for any other reason than to sell them.
""have you ever heard of cost basis""
Yes I have , but what does it mean here?
""I have seen .011 to .013 and know it is market makers making people chase the ask then lowering it at the end of each trading day""
Maybe, but it leaves the closing up days unexplained.
Actually I think you are wrong;
The time frame is more like 6-7 months,
I don't think it was Market Makers (try the 20,000,000+ shares
sold by two of the "original investors")
and as for brief swings, I vote for "matched trades/wash trades".
Luck is poor investment strategy, common, but poor.
Again the question. what would make this stock worth more?
What announcements/filings etc ... are expected that would engender
a rise in price.
or
Why should it go up?
I was really just mocking the earlier post. It was so content free.
For the answer to your question, read my previous posts, both here and on yahoo.
Spend the weekend rolling over the rocks, who knows you may find something
I didn't.
"qq"
cryptic , but is it meaningful?
crud, thud, it looks like a dud.
That opening door may be a trap door.
message #2187 has more if you want go exploring.
I would doubt that the appellate court will dismiss the case. The Marion County Circuit Court judge saw enough to award a pretty hefty wad of damages.
The best that the defendants can hope for is a remand for a new trial.
The danger there is that the damage award might be larger the second time
around.
The bright side is that the defendants were jointly and severally liable.
If the award can be collected from one or two the rest might be off the hook.
However: I expect that would just lead to another round of law suits.
I am anxious to see a Monthly Operating Reports (MORs) to the bankruptcy court. They are supposed to be produced monthly, in fact there should have been one already.
The "List of Equity Security Holders due by 1/20/2011" should also be interesting reading.
There is a lot of stuff they are supposed to file 1/20/2011, the original
petition was pretty sketchy and had obvious errors.
""Plz let me in on it!!""
I can almost guarantee you will be the last to know , if ever.
Now , some of the posters here may be "insiders" but promoting a stock
while being an "insider" is risky, so the "promo posters" maybe "stockholders"
like yourself.
As for:
""Will "I" win or lose????""
only your magic 8-Ball can tell you that.
Seriously: What would make this stock go up in value?
Their history (and they do have a history) might give a clue.
Why yes it was the company that filed for bankruptcy,
because they lost a court case (approx $2.8 Mill).
Bankruptcy Court (Nevada)
Hearing Date: January 18, 2011
Hearing Time: 10:00 a.m.
CASE NO.: 10-32725-BAM
if anyone has a change to this please post.
The appeal seems stalled , maybe?
NB: Googleing the phrase "wash trade" is amusing.
nothing on the Oregon appellate court site today.
http://www.publications.ojd.state.or.us/appeals.htm
Nothing scheduled in bankruptcy that I remember.
I don't understand the promotion of the idea of a reverse merger.
A reverse merger is a negative.
It dilutes the stock of existing share holders, and
is a big red flag on a pump and dump.
It's something you usually don't want people to notice.
Creditors' committees can play a major role in chapter 11 cases. The committee is appointed by the U.S. trustee and ordinarily consists of unsecured creditors who hold the seven largest unsecured claims against the debtor. 11 U.S.C. § 1102. Among other things, the committee: consults with the debtor in possession on administration of the case; investigates the debtor's conduct and operation of the business; and participates in formulating a plan. 11 U.S.C. § 1103. A creditors' committee may, with the court's approval, hire an attorney or other professionals to assist in the performance of the committee's duties. A creditors' committee can be an important safeguard to the proper management of the business by the debtor in possession.
http://www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics/Chapter11.aspx
Not really a pre-trial hearing. Not sure this will amount to much, the
principals of the corporation are also the major creditors (except for MegAvail).
I think I see the problem, I was looking for a hearing before the Bankruptcy Judge, this is a meeting of creditors.
Love to be a fly on that wall.
mike
I don't find a hearing for the bankruptcy scheduled for today:
http://www.nvb.uscourts.gov/Calendars/gencal.htm
Judge Markell has been assigned this case.
""I hear they will be vindicated soon""
Do you recall who you heard it from, and could you share the referance.
I would hate to think you were trying to trade on inside info not available to
the public, or heaven forfend, an insider attempting to influence the price of the stock on message boards.
""Business development is progressing.""
In what way? What developments are you privy to that are not public knowledge?
""Selling pressure over last several months.""
There has been a lot, after all they did have 18,000,000 to
21,000,000 shares to dump. That's pressure, especially if your company has no busness.
Who exchanged their preffered (1 to 3) for common shares, Wellington Mannor Holdings (spelled like the Nevada registration not like in the SEC filings) or Trilogy Expeditions ?
Big buying spree ...
0.0016 500 OTO 15:44:30
0.0016 2323 OTO 15:23:56
0.0016 500 OTO 15:21:13
Someone blew their lunch money on stock.
I was thinking of the 10-Q due about the end of the month.
It will (one would hope) show what happened in Sept, Oct, Nov of 2010.
Maybe even a glimpse of stock ownership as of the filing date.
My guess is, unless SENZ buys EMA for stock, there is not much left to sell.
The only big batch left, that I see, is Timothy's 34,000,000 (give or take a few hundred thousand) shares.
""SENZ New CEO Gerald Ricks just toke(sic) over""
""Even though the stock has been under heavy pressure from short sellers ""
Haven't seen any evidence of that, care to point to what would indicates this?
Don't bother to referance
http://regsho.finra.org/FORFshvol20101231.txt
The irelevance of that has already pointed out over on Yahoo back when locotrader was trying to sell that idea.
""The core business is functioning well ""
It would be nicer if that "core business" was other than selling the company stock. Over 18,000,000 shares in 2010 (maybe more when we see a 10-Q).
A prediction;
SENZ will "buy" EMA for stock (no cash).
This will be newly issued stock.
The current owners of EMA will get the new shares.
Authorized common stock is 480,000,000 shares comm, 20,000,000 shares pref..
60,200,000 currently outstnding (common).
NB:to EMA- list of officers due today. (12-31-2010)
List of officers due 1/31/2011 for Sport Endurance.
I have only seen as far as the "First Amended Complaint".
It does not name ADSY as a defendant, later complaints may.
Misappropriation of Trade Secrets, Breach of Fiduciary Duty of Loyalty,
Replevin, Conversion, Intentional Interferance with Economic Relations; Breach of Contract.
I posted the case register on ADSY facebook page. Not a good copy.
Clerk at court comment "this is going nowhere fast".
location for results, when there are results:
http://www.publications.ojd.state.or.us/appeals.htm
For those of you who want to follow the bankruptcy, get a PACER account.
google Pacer.
Then you can search and download court data (federal). They charge $.08 a page. If you do, please use Firefox with the RECAP extension.
https://www.recapthelaw.org/
Some of what you want is on Recap. (you get it for free). What you pay for
others can get for free.
There are some things out there on Gerald Ricks.
wifey Debra W Ricks.
not sure relationship of Jeddie W Ricks
See also:
American Freedom Network Inc FL corp (may have morphed into J.D. Services)
had 1844 S 3850 W SLC address
Lena Mine Ltd. TX corp?
Penny Rich Corporation FL
Site also exists (partialy) as www.ema.appwriters.com
(watch this disappear as soon as this is read)
Who ever wrote this site ema22 didn't give to much attention to loading time
and size .
The phone business that folded was , it appears bot, from Global ITechnology Inc.,
There is also a Vivatel LLC (1844 address) showing Jeddie W Ricks and Timothy S Ricks.
Citation Telecommunications Corporation (NV Corp) showing Debra Ricks as
Pres, sec, etc ...
There is a Network Management Inc, also listed at 1844 S 3850 W SLC
and a Deltacom Networks Inc.
I just didn't feel like persuing most of this stuff much further, but feel free.
The ema22 stuff posted on this site is contrary to their wishes.
see : http://www.ema22.com/legal-statement
However; I am not so sure they are familiar with the concept of "fair use".
They also don't seem to have the trademarks they claim to.
Most of this stuff has been hashed out on other stock boards.
Gerald Ricks "phone company" was J.D. Services Inc a NV corp
(entity # C8200-1998).
Utah bankruptcy court 02-2328.
Elite Marketing Alliance is a new NV corp.
search for it at
http://nvsos.gov/sosentitysearch/CorpSearch.aspx