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sounds like a class action suit could be brewing here. I would think any lawyer that can see a percentage of this total loss plus damages, might see this as worth taking on.
im in for $30k.
how do we have 200k to 58 mil. today and no price movement?
The Merger Agreement is subject to significant contingencies, including (1) conversion of substantially all of Nanobac's debt to equity, by its securities holders,
(2) Nanobac raising $2.35 million of new equity,
tough to do.
(3) Nanobac providing to Eureka its audited financial statements for the year ended December 31, 2008 and unaudited financial statements through at least March 31, 2009, satisfactory to Eureka's management, (4) Nanobac bringing all of its SEC filings current, and (5) other customary closing requirements.
Well, I see that the stock has a printed market cap of about $500k. so 15% of the merger goes to Nano shareholders, which would make the valuation for Eureka at about $3mil. or so.
SO I would venture to deduce that this stock will go to .012 at a $3mil new valuation post merger.
I would also assume they want the stock to get out of penny land
so expect a 100 or 1000 to 1 rev split. to get the price to .10 or 1.00.
thats the truth...not a problem until ITS MY PROBLEM!
I cant wait for the past PR, when the last store closes and he still tries to make everyone believe they are looking to expand..
" We are excited to expand operations and more stores, after the BK is finalized and Intrinsic Value reaches 0."
amen brother..."we are all innocent in here man"....shawshank redemption...
maybe he will whistle-blow this whole BS to the SEC. and plea out.
runnin'''' for them north county hills. lotsa places to hide in the catskills...
I fell into a burnin' ring o' fire......burn burn burn...in that ring o fire...
Time to get long in this one.....
who knows, if there is any real asset with hacketts after all.. and maybe by putting them into the toplet shell thats where it belongs...and may be why ol tommy boy is going to bk hacketts after they all close.
no bid....he cant even put a bid out there or move it $5000 uptick...what an ahole.
yeah great news...drink some more koolaid.
anyone can give me the list of market makers in this POS?
he needs to pony up and do what he did when he first bought this POS> and that is to actually purchase back stock and create a higher pps.
it will cost less than a pro bono class action, them law types would love to liquidate these holdings and a public hangin....
yeah its like highering some bs firm to help you fix your credit.
throw good money after bad, unless of course you sold them on a block of worthless shares.
ok no prob., I was just posing a possible outcome. not that I am vaguly interested in this shell regardless of where it ends up..
hes done more than that, and everyone knows it.
2 rev splits, and no value, he needs to pay us back..before anyone gets into with this guy ever again.
So whens that next shareholder letter TS? not until he announces that the shell will no longer be OTC and will go to the greys.
WIll someone please add this article to the board page? I dont see it under PR and news events....hmmm....
Its the Madoff Ponzi scheme instead of taking money from new investors, hes using CD cos. to try and bring in and churn new investors, while current investors cant liquidate.
what are you talking about..? nice try..the conspiracy theories have already been realized.
I wish I had shorted this POS.
Hey Tommy boy...go call on congress...Im sure if you voted for Obama that they could slip in a nice earmark for ya...and you can both agree to the $500k cap on your salary..
so they had $3mil to pay wells, interesting....you would think that $3mil could buy alot of stock and restore some sempbalnce of shareholder value.
I think it could be a $10cent stock and pay us all back...not to mention having Intrinsic value.. what a load of crap...
SO I guess the fact that Wells is moving out is our fault right?
What stock?? you mean the piece of paper I use to clean my A..?
Gee, why isnt Tommy bot PRing this? or that hes running from Wells with the spin off?
Wells will put hacketts up for auction.
I am going to buy it for $1
HE HAD NOTHING TO START THIS PONZI!!! NO SKIN IN THE GAME!!! EVER>>>> HOUSE OF CARDS...WELLS go get him and take all of the assets down...
TOM ----- you cant hide these other assets in a class action law suit that will require you to put these assets up for auction...you idiot. SEC will close all of these shells down and put them out for custodial ship through court decree, which I will buy out of the courts for pennies and resell to real cos.
I do this all the time and you are no different...
I say tom is worse than Platten and should be indicted, and blackballed from the pink market.
Many people are kicked out of this market for lesser deals.
pump and dump is one thing but to take actual operating cos and using the PR to kill investors is much more devious and I hope he fades away, when he finds out that all of his "real Assets were purchased with worthless shares and the previous owners sue him to get back what little value those cos have.
basic google DD..to find out who this guy is, I buy and sell shells for a living...Tom is full of S.....stupid or crooked, I say both.
he actually thinks people can see through his lies.
so whats the deal with spininng Hacketts out then? is he running from wells? trying to save the rest of the crap by spinning Hacketts out to HCKE in case wells comes after him and takes hacketts?
If anything, im sure thats what hes up to....
agreed, get off the blogs and make a statement as to how we screwed him...rediculous. and narcissistic.
criminals blame the victims as a matter of fact.
exactly, spin out all the intrinsic value, and leave us with nothing but a shell with debt.
Thanks..., Unreal...
lets take everything out of every old shell and buy new shells to put them in, shell games..over...
actually I like this statement to be submitted publically better.
Put it into a public statement if thats the case then....instead of these blog sites where you have no accountablity.
Amen Brother,
and to think if this loser is really Tom S. which I doubt very highly and is just looking to play him in real life...the fact is that Tommy Boy has had many opportunites to make this right, there is no CD or financing that cant be paid off by him or his cos. or even refied, or whatever, but no attempt at all has there been to pay down any debt in any manner, kinda like Obama and his cronies spending to spend and no end in sight. You thinnk this is a bad investment, wait til you get the IRS bill in 2010.
Theres your story for the Watertown press.
Im sure any reporter would love to break the next ponzi stock scheme. and since its a penny and know one cares except maybe the local people and papers in that area.
it would be the hottest edition in its lifetime.
I am sure there would be a lawyer willing to do a pro-bono class action suit if there are assets to go after.
I would love to have him as a client.
We sell shells all the time, but never like this.
www.watkinsworldwide.biz
Most realtors or sellers would not tell you that there was a murder in the stabbin' cabin and thats why they are selling it.
Gee where do you want to start? ... how about this Ihub site?