Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Positive energy breeds positive results. That is just a fact in life.
Look at all the Positive energy Layla and Stacey has brought to this story.
Some of the bashers would disagree. However, the price says it all.
Go along for the ride and see where they take you......
So far, it has been a hell of ride!
Giddy up!
Am I invited?
You got to love those shells! Right Stacey!
ROFLMAO!
Help me out here. What does NTI have in common with ZUPC?
I have called the phone number on the filings and have left numerous messages. No luck.
Someone wanted out. It is nice to see the offer stay up there A fool no doing his/her DD getting out today......JMO
I am looking for much greener pastures......JMO
Kaboom! Glad I loaded up below .30. Huge news! Looking for $1.00 real soon!
Read the article.
I will be adding to my position ASAP!.....
Huge news. I had been following the BK very closely. Prior to this news, I was calculating there to be some funds left over. Now, I believe there will definitely be some funds left over.
Shorts could get squeezed on this one considering it only 168 million OS and trades like a stock with only 20 million OS.
The way the stock trades tells me a lot of these were in tight hands for whatever reason.
Now this news.
Definitely could see the stock run hard if others get wind of this news....JMO
ROFLMAO!
ROFLMAO!
10k, ROFLMAO! Did you see the ask drop today too?
Each time any buying has come in recently, the ask drops.....
That signals a desparate seller too.
They will probably slap the bid like they did over the past couple of weeks.
Cool dude! Thanks for the heads up on the tax refund. There was mention in the filings pre BK they were trying to seek a huge some
of well over $80 million I believe. That was before they filed BK.
WAMUQ is expecting a windfall in tax return too. They even issued a PR on it. WaMu May Get $2.6B Tax Boost.
http://www.thestreet.com/_yahoo/story/10654616/1/wamu-may-get-26b-tax-boost.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
The filings on CCTYQ are mighty thin these days. However, there is still money coming in swinging the balance sheet closer and closer to break even.
http://www.kccllc.net/circuitcity
Another monthly 8-k coming due on the monthly balance sheet on the books. Unfortunately, it is always two months old
I bought back in recently and I am going to hold them hell or high water.
There appears to be a seller in the stock even at these levels. I did pick some up @ .001 the other day, but I believe it will drift lower in the near term. I would be cautious adding anymore anytime soon. JMO
You haven't heard? The RM involves a music production company buying all the rights to Rolling Stones songs........Yeeeehhhhhaaaaaaaa
They are going to roll it into PFOB!!!! They are going to keep the symbol.
The company is going to be called
"Pity Fool On Board"
ROFLMAO!
It was the Tatto You Tour in the Fall of 1981. End of the disco era and the Stones put their stamp on it. Many other great songs from other albums.
I see a red door and I want to paint it black.
"Hey, what's the matter man?
We're gonna come around at twelve
With some Puerto Rican girls that are just dyin' to meet you.
We're gonna bring a case of wine
Hey, let's go mess and fool around
You know, like we used to"
And I was 'round when Jesus Christ
Had his moment of doubt and pain
Made damn sure that Pilate
Washed his hands and sealed his fate
Pleased to meet you
Hope you guess my name
But what's puzzling you
Is the nature of my game.
Just as every cop is a criminal
And all the sinners saints
As heads is tails
Just call me Lucifer
'Cause I'm in need of some restraint
Rollllllllll Tide!
My first trip to Texas was to see the Rolling Stones and ZZ Top @ the Cotton Bowl...........
Ditto!
It will probably be pretty quiet around here tonight considering most folks posting on the thread are from TX....including me......
Funny, I grew up in Wisconsin, love the Sooners and ended up in TX.
What makes it even funnier, I named my first dog, "Tush" after the ZZ Top song while still living in Wisconsin.
Going to Dallas, TX, lookin for a little Tush..........
Enjoy the game you Longhorn fans! I am sorry, but I will be rooting for the Tide.....I am a Sooner through and through...
Cheers
What would you do if you were told your shares are worthless?
Even though their shares are deemed worthless, that is not going to stop them from selling. If it is them selling, or one of the other insiders, yes, they are doing it illegally. Remember, Mr. Carlson has a large position too and he did a private placement. His shares are free trading shares if I am correct. (check the IBOX)
I am sure some of the insiders had free trading shares too. Most likely not all their shares were restricted shares. As of today, the only shares that could actually be deemed worthless or cancelled or the restricted shares.
The other shares in the OS/Float are free to trade.
It could be one of many shareholders wanting out not knowing what is about to unfold.
Too many scenarios still to be played out.
Until we see actual Docs that the shell has officially changed hands it means there is 50 million shares in the OS and we don't know who is all holding those shares.
Who owns the shell is still to be determined. However, to answer your question; that is what Linares, the BK attorney for PFOB/BooKoo holdings told me two months ago. She then went on to tell me it is up to the BK trustee to finalize it.
Due to the fact he saw no assets in PFOB, the shell, he closed/terminated the case. That is in the BK docs which are public.
Yaquinto/Linares confirmed it with Layla on Monday. The shell goes to the shareholders. I was not part of that conversation, but I trust Layla.
That is you and me. Whomever is the individual or group that has been buying these shares over the past couple of months have dibbs to the shell. That is what we are being told as of today.
Keep in mind, we are not making this up. We are only relaying to the thread what the BK Trustee and BK attorney has told us up to this point.
Management gave up all their rights to the BK trustee when they filed Chapter 7. It is the BK trustee's hands to decide what he wants to do with the shell.
As of Monday, he is turning it over to the shareholders. The one with the largest position gains control of the shell.
It is not that we don't want you to call the BK trustee to verify it all. We are as anxious as the next person to finalize the exchange of the shell.
If what we have all concurred to come to frution; you as a shareholder will actually own a piece of the shell.
When we see the actual transfer of the shell, that will validate all.
Don't shoot the messenger if it doesn't happen. I am only telling you what has been told to us. Unfortunately, it is the Docs we are waiting on to verify it all. None of this is insider info.
It is making calls to the BK trustee and BK attorney. Keep in mind, they are very, very, busy people. It tooks us hundreds of calls for them to even get back to us.
????? I am stupid? Did you load up the boat at these prices?
I picked up a few more today myself. Seller still around. I am not going to back up the truck just yet.
Still trying to get someone to call me back.
Missed this one........LOL
Yes, chapter 7 companies do come back from the dead......
Here is an example of one very similar to PFOB.....
http://www.faqs.org/sec-filings/091013/PEREGRINE-INDUSTRIES-INC_10-K/
Read the part under:
The Company was incorporated in Florida in 1995 for the purpose of designing and manufacturing heat pump pool heaters, residential air conditioners and parallel flow coils for the heating, ventilation and air conditioning industry. In June 2002, the Registrant and its subsidiaries filed a petition for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida. The Company emerged from bankruptcy in March 2004 free and clear of all liens, claims and obligations.
In connection with the order of the U.S. Bankruptcy Court dated March 15, 2004, the Court authorized that Park Avenue Group appoint a new board of directors and authorized the issuance of restricted shares to the new management of the Registrant. The issuance of restricted shares to the Registrant's new management effectively resulted in a change in control of the Registrant. The shareholders of the Registrant prior to the bankruptcy proceedings remained shareholders of the Registrant subsequent to the emergence of the Registrant from bankruptcy. The Court order further provided that Registrant emerged from bankruptcy free and clear of liens, claims and interests. The court order authorized (i) that the existing officers and directors were deemed removed from office; (ii) the appointment of new members to the Registrant's board of directors; (iii) the amendment of Registrant's Article of Incorporation to increase the number of authorized shares to 100,000,000 shares; (iv) the issuance up to 30,000,000 shares of common stock, par value $0.0001, to the new management of the Registrant, which management was appointed by the newly-constituted board of directors; (v) the authority of the board of directors to implement a reverse split of the issued and outstanding shares in a ratio to be determined by the board of directors; (vi) the cancellation and extinguishment of all common share conversion rights of any kind, including without limitation, warrants, options, convertible bonds, other convertible debt instruments and convertible preferred stock; and (vii) the cancellation and extinguishment of all preferred shares of every series and accompanying conversion rights of any kind.
http://www.secinfo.com/d1ZC93.z3.d.htm
I currently have 6 penny stocks I am holding in my portfolio.
3 of the 6 is BK companies.......ROFLMAO!
PFOB
CCTYQ
WAMUQ
Two others are shells.
CWDW
ZUPC
Over the past 3 months, PFOB has been my strongest performer and the most entertaining. It is like being a Private Detective. Even in BK stories, they never appear as they seem.
Good morning. Check your email. Moving a little slow today. A little under the weather.
I too felt good about it. You and Stacey's leg work and following up on my thoughts, solidified what I believe we had here. :)
Thank you! No, Thank you! NO, THANKYOU!
Ok, we are a long way from the finish line. I am not yet ready to Party.
Can we get rid of all the material in the IBOX that is not relevant to the story going forward?
Really, the only thing that is material now is the Finalization of the BK, confirmation of the shell as free and clear. Once we get an actual signing over of the shell, we can really spruce it up..........
Cheers
Hilarious, I was out the past hour. I come back and look at my ticker and it was showing a high of only .03 with bid/ask .029/.03, volume of 356,000. Last trade 15:36......
Then, I come over to IHUB and see nearly 100 posts.......Holy moly, I was wondering what all the jibb, jabb was all about....
Now I see. My ticker froze @ 15:40......LOL
I was happy with that .029/.03.......LOL
Hello Stranger! Glad to see your smiling face....LOL
If what is going to come to fruition, actually happens, cheap shares is what I want.......:)
Let those who want out, let them out.
Check your email.
So the BK trustee has told you the only shares of value are the ones that are being traded in the open market, correct? Which is obviously the original float before the BK.
That means all insiders and management's shares are deemed worthless. If that is the case and any of those folks sold those shares since PFOB BK was deemed closed by the BK Trustee (5/21/09); one would assume they would be required to go back into the market and buy those shares back.......
Other scenario.
If their shares are worthless, which it appears they are; the only way they would be able to regain control of this shell is to go directly into the open market and start accumulating ASAP.
:)
We will obviously find out real soon how this will all play out.
It is getting, verrrry, verrrrry, verrrrry interesting.
The great part about this story, there were only 50 million OS.
I got to lay down and take a nap.....LOL
My head is spinning now....LOL
Holy Moly Batman! That explains why the stock trades the way it trades.
"Right from the Horses's mouth"
Are you referring to the BK trustee?
Yes, if all holds, then the price goes up. We have gone up and fallen right back down on three different occassions. That could have all been caused by the lack of confidence in a few that had gotten into this story, those who wanted to lock in a profit and old shareholders.
Your latest DD is telling us all old shares were cancelled. If that is the case, then Yeeeeeeeeeeehaaaaaa!!!!!
The stock, from day one traded like it had an extremely small float. I always believe that to be that insiders were holding tight for whatever reason. I hoping you are correct and I am wrong in my analogy.
In either scenario, one thing is for certain, the share count has not increased. I confirmed that with the TA.
No need to pump this story now. Be pumping it @ $1.00 into stronger hands, because only then will I be willing to let a few go.
A clean shell, completely clean shell and no debt.
BK trustee has cleared the way for the merger to take place. Many don't realize this, but this was the red light that just turned green.
If you are new to this story, then fair enough. However, if you are still sitting at the stop light, you need not be investing in penny stocks.
You need more confirmation this is not some elaborate pump and dump scheme? Well, wait until you get a confirmation the interested parties have purchased the shell. Unfortunately, by that time, you may be looking @ .10 stock if not higher........No hype, just facts from our DD.....Not just my DD. Twister and Wreckem have devoted a lot of time and money to this story... Their hard work looks like it may pay big dividends...
I am here to validate their efforts. I have followed up on their DD and can confim it.
You gotta love those shells.....:)
Cheers!
Twister and I had to blow off little dust, but underneath that dust is a gold mine. As far as a clean shell, there is none any cleaner.
The BK is our validation. A chapter 7 means all the debt went Bye, Bye! It also means all of the other things negative go bye, bye.
What remains will be the confirmation of the shell exchanging hands. Will that happen? Twister, which I know does her DD, got confirmation from the BK Trustee the shell is good to go for a merger candidate.
The news will happen. Time frame is anyone's guess, but I too believe it will be sooner than later.
It will happen. How do I know? The BK Trustee is basically reopening the case for the merger to take place. Now, if that is not a confirmation that there is not an interested party in this shell, then I am missing something on this one.......
I am busting out for Rosey!...
Cheaper shares? Highly unlikely. Someone or some group is obviously in the process of taking over this shell. They have been accumulating stock in it for some time now. That is obvious by the previous moves we have seen in the stock. The more they accumulate, the higher the price will go. Once they take full control of the shell there is no telling what the upside may be. It all depends what is going to be rolled into the shell.
It is basically a clean shell now, with NO DEBT!. All the bad baggage has been written off. No debentures, no preferreds, NADA!
It is like getting involved in a a full blown IPO for .02......Hello of deal! JMO
If there is a will, there is a way!
Yeeeehhhhhhaaaaaaaa!!!!!
PFOB is and was the public shell. There were no assets in PFOB itself. Mr. Ruffino, CFO of PFOB verified that with me via a conversation. The BK trustee also determined it when the BK was filed. All assets which were very few were under BooKoo Beverages Inc. That was in the BK filings.
This shell is alive and well even though it doesn't have any current SEC filings. It could trade forever. There are numerous companies that disclose filings on the Pinks instead of SEC filings which can be costly over time. We have all witnessed first hand how effective our SEC does over governing/protecting our investments. SEC filings should only be considered a tool to get information about a company. www.pinksheets.com can be just as reliable for investors to find info and far more cost effective for start up companies......JMO
I could have left this story quite a while ago with a nice profit. I saw it go above .02 three different times. My DD tells me something is going to happen in our favor. I don't have a crystal ball how it is going to unfold.
Like I have said before, "in the meantime, we might as well trade it".
Company filed Chapter 7. That means all debts have gone bye, bye.
The only thing left is the shell and that is worth something. I believe we could see an RM coming down the pipeline. We will see how it unfolds. I am feeling confident it will all play out in our behalf.
Why do the insiders keep holding?
I spoke to Mr. Ruffino, the CFO at the time of the BK. He told me PFOB itself, was nothing more than a shell. All deals went through BooKoo Beverages Inc.
GLTA!
Looking for much higher levels once things come to fruition.
Happy New Year!
Still here, checking in from the other side of the globe. Check your email.
Slow and steady......Maybe, just maybe, our DD may be adding up.
Congrats to those who were able to snag some cheap one down here.
I am far, far away in a foreign land, but thank goodness for modern technology.
Will be checking in daily!
Happy Holidays!