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Go ahead and bookkeep me as well at 8.8M shares
Is this a share listing of everyone on the board?
I think that what I would say to 'tchalla et. al.' who are skeptical of this company, I share that concern, however I am optimistic. I agree with tchalla that there may very well be something that is preventing the CE from being removed, since the CE attribution is not completely a function of current financials. Naturally, Kim Halverston isn't going to be completely transparent about this if it's bad because she doesn't that information to cause the stock to tank, or at least I would assume she doesn't. It would not seem to make much sense to have a publicly traded company that nobody can trade. You might as well have a private corporation if you aren't interested in somehow leveraging the public status. My point is that it would seem as though Kim must be working toward a transparent, legitimate corporation, as I don't really see how any of this would be of any benefit otherwise. She can't pump and dump at this point. I think we must be patient, and give the leadership of this company some time to work through these problems. I would have to think that the selection of Bell Buckle as the 'empty shell du jour' was not an arbitrary choice by Kim and her associates, and therefore, the team thought it was a satisfactory vehicle for their objectives. At any rate, Kim is head and shoulders above Capt Rodney, and I am glad that I blundered onto this ticker 12 years ago. If I sold today I would make money, and of course, I am also prepared to hold for another 12 years.
I always got the sense that the bell buckle country store somehow acquired Digital Color Print, renamed it Bell Buckle Holdings, and then did some sort of pump and dump scheme by leveraging their legitimate company and product line, promoted the fact that the product was going to be sold at Walmart, and then somehow cast off the shell and we all found out later that the Holdings Company didn't even own Bell Buckle Country Store, and Capt. Rodney was a bit of a crook. That was the 2008-2009 timeframe. I was shocked to see this dead stock alive in my portfolio, having considered it defunct for the last 10 years.
Given that history there may be something toxic lingering for sure. I certainly hope not since this seems to be a most promising development.
That is funny. I originally purchased some of that product to see if the company had a future. It sat in my fridge for nearly 7 yrs. Of course, The Holdings Company has nothing to do with that anymore.
Please see at the bottom, the original BLLB website from an old press release. It doesn't work anymore, but it used to...
About Bell Buckle Holdings, Inc.
Bell Buckle Holdings Inc. was founded in 1995 as Bell Buckle Country Store, Inc., a family owned and operated business, dedicated to producing the finest all-natural gourmet food products on the market. This dedication to excellence has garnered recognition throughout the industry and many national awards for both taste and packaging. Through the years, the company has grown to include 5 brands, 239 products, sold in all 50 States and overseas through grocery stores, specialty gourmet & gift shops and big box retailers. Bell Buckle Country Store, Inc. products are sold under the brands: Captain Rodney's, Simplify, Bell Buckle Country Store, Rose & Ivy and Bainbridge Festive Foods.
Additional information about Bell Buckle Holdings, Inc. is available on the
company's Web site @ www.BellBuckleHoldings.com
(931) 359-8000
Yes, I think the IBOX is wrong. It is right about the Bell Buckle Country store, but the association with BLLB is over. Mind you, at one time Brad Simmons was driving BLLB and BLLB was a holding company for the store, or at least that is what we were led to believe. In the 07,08 timeframe we were teased with numberous press releases and the stock looked like a real winner. I still have some salsa in my refrigerator from back then when I did my original DD. However, somehow, and I am not sure it was legal, the Country store quietly left the holding company and BLLB became an empty shell. I have 8M shares in this stock, so nobody would like to be wrong more than me. However, I see no reason to think it is anything but an empty shell.
The IBOX should read: This is an empty shell that used to hold the Bell Buckle country store. While the country store is a going concern, BLLB is not.
According to the articles of incorporation, any stock certificate holder (I mean a real paper certificate - you have to request that) can review the books at any time. My guess is that you could start a nasty little legal dispute with the Simmons family over this. I think you might need a court order and a good lawyer at this point. I think that fraud has been committed here. A complaint to the SEC might be in order. I think that 'Biz' is the most knowledgable about this stock at the moment. Read his posts, and look back at old press releases from 2007.
Isn't also true that Bell Buckle Holdings (BBH) is actually not the same entity as the country store? The assets from BBH was transferred to the country store, so no matter how successful the jam is, it is not clear that we really even own the company that makes it.
Who was the last person who was actually able to contact Mr. Rodney and at least ask him these types of questions?
The yahoo group has some more information on Paincare....
Looks like the same crew are at WellTek, INC Ticker WLTK.PK
http://www.welltekinc.com/investor-relat...
http://twitter.com/RandyLubinsky
Even Mark Szporka is there with Roxie Mooney... yea yea
I looked up Mark Szporka and it shows he lives at
9589 Blandford Rd, Orlando, Orange, Florida 32827
http://maps.google.com/maps?hl=en&q=9589...
This address and phone number now corresponds to a different outfit...
PainCare Holdings, Inc.
37 North Orange Avenue
Orlando Florida 32801 U.S.A.
Phone: 407-926-6615 Fax: 407-926-6616
is now ... Rehabilitation Services....
Pink sheets lists a Melissa Rice as legal counsel for BLLB. I find that her name also shows up with an outfit named Dynamic Response. The address is the same as that listed for her as BLLB legal counsel
Melissa K. Rice, Chief Executive Officer
Dynamic Response Group, Inc.
4770 Biscayne Blvd, Suite 1400
Miami, Florida 33137
Phone: 305-576-6889 Fax: 305-576-6997
(Name, address and telephone number of agent for service)
The number works; I was able to talk to a receptionist who took my name and number. She also acknowledged that Ms. Rice is legal counsel for BLLB. It seems unlikley that she would call me back, but it is a lead. Perhaps we can come up with a list of questions for her...
The bylaws give us some legal rights, and it is clear that the organization is not following them. Do we even know who is on the board of directors? There is supposed to be an election. If we were to hire an attorney to put the clamps on the company and point out the fact that the bylaws are not being followed, and as jux has pointed out, that it appears as though company assets have been transferred to private individuals,what would this cost? Does anyone have ideas on how to proceed? Is there anything that the state of Florida could do to?
From bylaws: "Annual Meetings. The Corporation shall hold an annual shareholders meeting for
the election of directors and for the transaction of such other business as may properly come before
the meeting. The meeting shall be held on the second Tuesday in the last month of the
Corporation's accounting year at the hour of 9:00 o'clock, A.M., or at such other time as the Board
of Directors shall direct; provided, however, that the annual meeting for any year shall be held no
later than thirteen (13) months after the last preceding annual meeting of shareholders."
What is the significance of the form 15 filing 08-09-07?
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Commission File Number: 333-81520
Thanks R.W. It still appears to be a year old. How I wish it wasn't. I would like to think that this company still has a chance. Do you have any insight?
The most recent news I have found on this company is regarding a class action lawsuit...
September 2008 ...
http://securities.stanford.edu/1035/PRZ_01/
http://law.taragana.net/archive/paincare-holdings-inc-in-security-class-action-lawsuit/
Check out the above link. It would appear that these plaintiffs may be the only way to determine information about the company. Its hard to believe that this company had a buy rating just a year ago...
Isn't this posting from 2008 rather than 2009? It would appear to be one year old. Where did you find this?
Not a clue. I noticed the website is down
http://www.paincareholdings.com/
That can't be a good sign. The phones still seem to work
here is a website that deals with a class action lawsuit against the company
http://securities.stanford.edu/1035/PRZ_01/
At the end of the article, there are phone numbers for the plaintiff's attorneys. Perhaps they know something of the company's status.
So I started accumulating this stock when it was trading at $1.00 and Rochdale had a buy rating on it with an intrinsic value of nearly $2.50. Needless to say, I am not pleased with the stocks performance. Does anyone know what is going on with the company? I am aware of all publicly available news and the delisting. Has anyone tried contacting the company to find out its status? Does anyone even have an opinion?
Well, I was referring to an on-site examination of the books. Perhaps an accountant would be better suited to make the examination, but wouldn't getting access be easier with some legal counsel? I don't really know.
I am not yet interested in legal action. It isn't clear to me that there would be any benefit to shareholders anyway. My guess is that the company is 'solid' as small operation that makes a small profit. There's no sense in ruining that right now. Information is the key here. As far as statements that are not factual, well there may be a gray area there and I don't think its worth getting in a 'pissing' contest right now with these folks. You aptly described the 50 state - statement that is potentially misleading. Anyone on ebay can argue that his/her products are sold nationally.
For now, I am just interested in gathering information.
I have noticed that many organizations have been quiet.
Is this something that we should hire a local attorney to assist us with?
So, about a year ago I identified about 40 or so small cap stocks that I thought might have potential, including this one. Most have really tanked in the last 12 months even though their history for the last 5 years suggested that they would at least hold their own. Perhaps I am just lousy at the game, but what is the liklihood that there just isn't capital out there to support the OTC/pink markets right now? What is the market cap of this company right now? Does anyone know? At the current share price, we could very nearly buy a controlling interest if the float were sufficiently large to support outside ownership over 51%. Has anyone identified a small cap (penny) that has performed well in the last 6 months?
Juxtapositioned:
This is mpeters. I own a fair amount of this stock, but I have not posted for a while. I don't really have any information to contribute, however, I think that it may be time to pay some closer attention to what is going on here. Let me ask you this. If we were able to show up in person at the BLLB manufacturing facility or the country store, what meaningful information/intelligence would you want to gather?
In which part of the country do you reside? I don't need an address, just roughly (e.g. New England or Pacific) I am in Eastern VA.
I am considering a personal visit with a camera to at least take pictures of the facility and attempt to talk to some personnel.
Randy Ksd:
I suspect that you are correct. I have reviewed the articles of incorporation from June and the two subsequent amendments. These are very simple documents; All of us should review them. There are several items to consider:
There is only one class of stock (common stock) originally authorized at 100,000,000 shares. I infer this to mean that there is no restricted, preferred or otherwise 'super' set of stock - or each stock is one vote. Neither the December amendment to 500M and then the Feb increase to 1B, change this wording. Its still all common stock.
Both amendments state that each amendment was approved by a majority of shareholders. Well, if the float was 340M with 500M authorized, and none of us received voting proxies, then I think that we deserve to know who this 'majority' is.
There appear to only be two board members:
Kimberly Grans
Luz Rodriguez
Are these the majority shareholders?
To Joe Natural:
I have read your previous postings about accumulating evidence, and would ask you to consider that the secretary, Luz Rodriguez has signed his name to two legal documents of public record in which there may be a documented falsehood. This is likely against the law (e.g. fraud, perjury, etc) and probably actionable in and of itself. Now they may have been slippery enough to maintain a slight majority so that they can continue to issue amendments. Lets act with discretion. We don't want to destroy the company, that's what Luz, et.al. is doing already. We want to save it. I think a first prudent step is to determine what shareholder majority approved the amendments. Perhaps a discussion with some Florida government officials is in order.
Sincerely,
mpeters
My suspicion is that selling below par value would be a violation of the Florida laws of incorporation, however, what I don't know is how easy it would be to change the par value. It appears to be easy enough to change the authorized number of shares.
I have another observation: While I don't know the first thing about mass producing jam, jelly, vanilla extract, or salsa, I do know that the price of even a modest facility to perform virtually any industrial process is usually a mult-million dollar undertaking. Industrial equipment (e.g. large mixers, cookers, etc ...) are not cheap. Therefore with the now 1B (thats 9 zeros) in authorized shares and roughly 400M issued, there are 600M for the company to sell. For the sake of argument, if they are all sold at 0.001 thats only 600K, which in my estimate is barely enough money to purchase the land and pour the concrete on a new facility.
My conclusion? It isn't likely that a new facility can be funded through dilution at this stock price. Beyond that, I am still thinking. So how does that help us right now? It doesn't for now, but it may be important to be mindful of it.
Lets not forget several positives: The product is real, I have purchased it, tasted it, and it appears to be as professionally manufactured as any product on grocery store shelves. The retailers are real. Even with the new dilution, if every share was sold at current price, the market cap is only $1M. Still, its dammed scary to be in a stock like this ...
I have been following the dialogue here for some time, but I haven't posted. I noticed that the Bell Buckle website refers us to the following organization in Indianapolis. I couldn't help but notice that their website: www.sfpindy.com is offline. The phone number goes to voicemail during normal business hours.
************
For more information regarding Bell Buckle Holdings, Inc. contact:
Summit Financial Partners, LLC
Anthony D. Altavilla, President
Phone: 317-218-0204
Email: info@sfpindy.com
*************
I am no expert on stock trading so this may be a naive observation:
I noticed that the stock is issued with a par value of 0.001. Is this any benifit to us in our current circumstance? Ordinarily, par value is of no consequence, but the stock is effectively trading at its published par value now. While par value is an archaic concept, doesn't it still legally mandate a minimum price that the company can sell the previously unissued stock? While it may not control the market price which certainly can fall below par value, the company could not sell unissued stock in such a market.