is... well . . . "Just Chillin!"
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No, 0.012386! Live and learn! DAYUM!
THIS IS GREAT!! I'm only down 97% now! WOOHOO!
I'm just glad to see volume . . . (of any kind)!
Not bad! Fingers crossed!
I surely hope you're right! But I STILL HATE PDOS! LOL!
Ohhhh PLLLEEEEASSSS! Give me a break! Those of us suckers that drank the cool-aid above .01 are not impressed.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Wake me when we reach a penny . . .
No, "SHAM WOW"!
LOL!!
Looking on the bright side, the lowest average share price issued was about .005 (back of the napkin calcs). Also, at least someone believes enough in the POS to take the shares as payment for debt. Just trying to stay "glass half full", but I STILL HATE PDOS! LOL!
By chance we made so much money it's taking a little longer to count it all?? LMAO (with tears of sorrow)!!
Missed it . . .
WOW!
I HATE PDOS . . .
No chit! I hate to get all hot and excited and be left with the "that's it?" feeling! OMG!
Nice! Don't get me wrong, I'm not going anywhere, just anxious that's all. Thanks again for all the information, looks like good things are coming.
Thank you, that is pretty interesting, but still the lack of action is killing me! Just wish we could get something going here with what seemingly could be a pretty profitable investment.
Still we wait!
Good luck with that! Bitches don't "turn" easy!
If this goes to "trips" I'm going to chit a brick!!
Better than ZERO!! You think? I'd rather take a chance with "post WAMU" at .05 than some other BS OTC .05 start-up.
Thanks. I just think I'm getting a little antsy here with all the "red' flooding my portfolio. I think I'm going to chill for the rest of the week.
I'm out! Thanks again for your reply.
This is pretty frustrating guys! WTF!
Hell, I'm just glad we're still in the game!!
For those of you who still have inactive ENKG shares in your accounts, I requested information from TDA and received the following response:
Thank you for your inquiry. Whenever a security performs a reverse split or exchange into new shares, it requires us to remove the original position from our records and replace them with new shares we receive from the company. Accounts are then updated to the new side once the Depository Trust Company (DTC) receives the new shares. At this time, DTC has not yet received the new shares due to 1:200 reverse split for ENKG.
These kinds of exchanges are typically complete within a few business days, but can sometimes take longer for non-US based companies or OTC listed securities. In addition, the depository has noted the new shares are not eligible to be held in electronic format, but they are working with the company to make them eligible. Otherwise, the company will have to deliver physical certificates, which can also delay the process. Your account will be updated once DTC has the shares.
Please send us an email with additional questions or concerns or contact our Corporate Actions and Dividends team at 888-723-8504, option 1, Monday through Friday, from 9 a.m. to 5:30 p.m. ET (excluding market holidays).
Sincerely,
Matias Eisenhauer
Apex Corporate Actions and Dividends, TDA
Division of TD Ameritrade, Inc.
OH Well!
Has anyone tried to contact these FOOLS!?
Yeah, I think its time to run for the hills.
I hate to say it, but I do too. I'm ready to move on.
It was sent via over night delivery on the 26th.
TDA has "locked" mine. Scary, looks like some of my other "cancelled" Q's in my portfolio . . . OMG!
Thanks, I'll send them a note this morning.
My TDA account still shows EKNG!!!!!!!!! When am I going to be allowed to play?! What's happening here? Has everyone else's shares been converted to the new symbol? TIA
WOOO HOOOO!! UP 200% TODAY BABY!!
Yeah, Joe2chance should email this article to the company to help them realize how their little shinanigans fit perfectly for grounds of prosecution by the SEC. Just takes one shareholder complaint to get the process started is what I understand . . . just saying ;)
Yeah, you're right.
Was expecting a lot more excitement, the "big climax" (Q removal) is quite disappointing. Oh, well, we wait.
PGIE IS DANGEROUSLY CLOSE TO SIMILAR ACTIONS:
SEC Charges Boiler Room Operators in Florida-Based Penny Stock Manipulation Scheme
FOR IMMEDIATE RELEASE
2012-18
Washington, D.C., Jan. 26, 2012 – The Securities and Exchange Commission today charged a Fort Lauderdale-based firm and its founder with conducting a fraudulent boiler room scheme in which they hyped stock in two thinly-traded penny stock companies while behind the scenes they sold the same stock themselves for illegal profits.
Additional Materials
SEC Complaint
The SEC alleges that First Resource Group LLC and its principal David H. Stern employed telemarketers who fraudulently solicited brokers to purchase stock in TrinityCare Senior Living Inc. and Cytta Corporation. While recommending the securities in these two microcap companies, Stern sold First Resource’s shares of TrinityCare and Cytta stock unbeknownst to investors who were purchasing them – a practice known as scalping. As Stern was selling the stocks, he also purchased small amounts in order to create the false appearance of legitimate trading activity and induce investors to purchase shares in both companies.
“First Resource and Stern used a telephone sales boiler room to make inflated claims and defraud investors while simultaneously manipulating the price of the stocks and making profits for themselves,” said Eric I. Bustillo, Director of the SEC’s Miami Regional Office. “The SEC will continue to aggressively pursue perpetrators of microcap stock fraud schemes that hound potential investors to buy stock.”
Since the beginning of fiscal year 2011, the SEC has filed more than 50 enforcement actions for misconduct related to microcap stocks, and issued 63 orders suspending the trading of suspicious microcap issuers. Microcap stocks are issued by the smallest of companies and tend to be low priced and trade in low volumes. Many microcap companies do not file financial reports with the SEC, so investing in microcap stocks entails many risks. The SEC has published a microcap stock guide for investors and an Investor Alert about avoiding microcap fraud perpetrated through social media.
According to the SEC’s complaint filed against Stern and First Resource in U.S. District Court for the Southern District of Florida, they violated federal securities laws by acting as unregistered broker-dealers. Stern hired and trained First Resource’s salespeople and gave them information about TrinityCare to prepare sales scripts and pitch the stock to potential investors. Stern reviewed the draft scripts, made edits, and approved the scripts before the salespeople were allowed to use them.
The SEC alleges that Stern gave the salespeople a list of potential investors to cold call and pitch the stocks. First Resource’s salespeople falsely claimed TrinityCare stock “is going to be $5-7 in 6-12 months” and the company “is going to be a half-a-billion dollar company in five years or roughly a $40 stock.” Stern also disseminated a research report on Cytta to investors and falsely touted: “Sales projections for 2010-2014 should exceed $500 million with a pre-tax net of over $400 million.”
The SEC’s complaint alleges that First Resource Group and Stern violated Section 17(a) of the Securities Act of 1933, and Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5. The SEC is seeking permanent injunctions, disgorgement plus prejudgment interest, and financial penalties as well as a penny stock bar against Stern.
The SEC’s investigation was conducted by Jorge L. Riera under the supervision of Elisha L. Frank in the SEC’s Miami Regional Office in coordination with an examination of First Resource conducted by Anson Kwong, Michael J. Nakis, George Franceschini, and Nicholas A. Monaco of the SEC’s Miami office. Edward D. McCutcheon will lead the SEC’s litigation efforts.
The SEC’s investigation is continuing.
For more information about this enforcement action, contact:
Eric I. Bustillo, Regional Director
Glenn S. Gordon, Associate Regional Director
Elisha L. Frank, Assistant Regional Director
Edward D. McCutcheon, Senior Trial Counsel
SEC Miami Regional Office
(305) 982-6300
http://www.sec.gov/news/press/2012/2012-18.htm
Sorry for the redundancy, your help has been invaluable during this process.
Thanks,
JUS
Catz, can you please comment on my last post?
TIA
Question to all (sorry if this has already been covered).
In the letter to Equity Security holders dated January 12, 2012 (6th paragraph), it defines Class 22 under the 7th amended plan as "holders of equity interests represented by the issued and outstanding shares of common stock of WMI issued prior to or on September 26, 2008 . . . ". Is this definition a little troubling to holders of common stock who received there shares after September 2008?? This says that if you acquired shares after this date, you're not included in the definition of "Class 22" holders.
Thoughts?
LOL! Just like an ol sick pet, you know its a goner, but you still have to cry when it finally makes it official and kicks the bucket.