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Where is the licensing deal with Charter? Charter sues to get a deal in Jan. Lawsuit dismissed mid June because parties agree to work on a deal. Nearly 40 days later nothing yet.
I do believe any shares issued for a purchase would be restricted for at least 1 year.
Agreed
Tom still has the power to keep this halted even though the SEC lifts the suspension. That is what I would do to protect longs. If he doesn't, well you have the answer for which side he was on.
Pharma, I doubt it.
No return calls or email responses. I have tried five times.
The problem
Since the suspension Tom has not updated shareholders' at all. There have been several people claiming to receive emails from him with update but I have yet to receive anything. You would think a guy who put out 20 PR's in a 3 month period could muster up 1 for the most important event in the company's history. The content of the PR would just state still trying to get things cleared up with the SEC and the Buyout. Considering the suspension was his fault he at least owes shareholders' communication.
Nothing in 2 weeks.
Still have not received any communications from the company its been 2 weeks. Hope you guys who are "communicating" with the company are telling the truth, not holding my breath.
Maybe he does not want to respond to me.
I have left 4 messages for Tom in the past 10 days, 2 by email and 2 by phone, none of them returned. I am not sure why about 5 of you have consistently stated you have received emails.
Link please?
Obvious shorts complained they are the only ones who would benefit from this. They look at one thing and then dig for more.
No one to blame but himself even if it was a mistake. Also, it should be a lesson for companies not to put out a PR everyday.
Here is the conversation
SEC: Why did you invest
Me: There was a buyout at a much higher price then the stock was trading
SEC: Who is the acquiring company
Me: I do not know
SEC: Exactly, that is why the suspension happened. When you are a non reporting company your are required to name the acquiring company.
Me: Were there other issues
SEC: Read the bulliten that was released but the company not mentioning the company is why it was suspended.
Tom should have known this period.
You should call the Miami office yourself they way there will be no discrepancies.
I called the Miami office that was on the original suspension brief.
SEC called me back today
When you are a non reporting company you are not allowed to omit the acquiring company from a PR. She did not discuss any other information pertaining to the suspension.
That is true and maybe are only hope and shorts would loose everything. They might have stewed themselves this time.
I have emailed and left several message no call back or return mail, so what am I missing. This has been going on since Monday. Yet a few people have received call and emails, interesting.
10k? Some of the statements you made are contrary to what Tom said in the interview a week ago. Unless this is updated in a letter to the shareholders, just noise.
I believe major Shorts alerted the SEC which caused this because they stand to lose too much money if this buyout did in fact go through! The chart was consolidated and ready to explode friday just ironic that the halt came that morning! ALL IN MY OPINION
I agree this is what happened 100%
Jack
Why is the 10Q not filed? Tom made it clear that it would be along with the attorney letter.
Exactly, call your congressman to complain
Why would the suspension have anything to do with closing the deal. If the dd is done they are separate issues. Trading should be a non factor.
I was reading that the SEC is still investigating PHOT so hopefully Tom can get this over with quickley.
The only thing that can really help is a letter of apology clearing the suspension. PHOT still down 80% and they found nothing
Why does the voicemail say Sterling Capital?
Called the SEC no answer left messages at both offices.
Shorts would die if it never opened.
Wrong check the data on buyins
Correct, that mean multiple people called and who benefits the most by making accusations, Short Sellers.
Shorts pay an attorney to write a letter to the SEC making claims and the SEC has to act. What merit could they find halt just based on PR's. Investigation will show nothing problem is we will pay but as far as the acquiring company it does not matter if this trades again shareholders would get their shares of the new company.
I am sure there were multiple people who called.
As long as Tom has his ducks in a row this is no big deal. Anyone can call and make a complaint and that is what happened here.
That will obviously change when this deal is done as with the other updates that seem to say the same thing.
Anyone know about this
-- Primarq- The Company is awaiting specific due-diligence information from
Primarq. It has come to our attention that management of Primarq has been
sending out conflicting and disparaging messages via social media about
Fortitude. We are not at liberty to discuss the progress of the proposed
acquisition of Primarq, as we our bound by a tri-party non-disclosure
agreement.
This stock was downgraded 4 times in the past week and now bad earnings and forecast, wow. I shorted this AH hope I don't get killed tomorrow.
10Q please!