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Question for the board : If wanted to get my shares in cert form would my broker be able to get me them ?
Can't remember the exact circumstances when the stock was suspended but was there not a problem in identifying the TA that the company was using ?
Thinkinng of closing down my broker account that are holding these shares.
Thanks GM
The market has a lot of faith in getting the 10c payout!!
GM
It should state on the header that Robert and Dwight scammed the shareholders of WRII and has now handed over the company to another con artest after dumping 100s of millions of shares to the market.
GM
Argonath there are plenty ways management can make money with regards to company operations i.e. salaries and bonuses - so what if they have to wait a few more months or a year before they can sell. They can earn and accumulate greater shares as part of bonus payments. PAVC was not shy in allocating their officers additional shares.
Mean while the retail shareholders watch the o/s being diluted and the shareprice sinking. Thats if it can sink much lower.
GM
I would not be surprised to findout somewhere down the road that TCHH prs their inability to raise the funds for the 10c payout and some other offer is made i.e back to a restricted shares.
When you think about it name one other company in the pinksheets or otc that has made a payment to their shareholders and didn't even have cash in the bank to do so. A company that is endeavouring to raise cash to hand it back out to their shareholders and then thereafter have the burden of paying the interest on that loan along with operational costs.
Yip that makes sense - also tell me what lender, especially in todays credit crunch markets is going to lend millions to a company that has no track record of making profits ?
Past precedents should give you a clue how this is going to end up.
GM
We all know what event will take place if we are part of a merger - our AAPU shares will change to ACY shares in our account and hopefully we will get some sort of PR from our CEO confirming the merger.
But what event is going to have to take place for board members to agree that it is infact not going to take place.
Please I would like to know from the board members what they consider reasonable event i.e AAPU shares removed from our account but no replacement ACY shares and no communication from ACY or some other event.
GM
To the board - if the deal does go through and AAPU shareholders are given ACY shares on whatever conversion basis, do you think the shares we receive will be restricted for a set period.
The reason I ask is that if they are given as free trading shares there is a strong possibility that many current AAPU shareholders could bail (the whole or at least a % of their holdings)and the impact to the PPs could be significant.
Just a thought - was in another stock a while back and thats what they did and when the restriction period was over it cost $300 to convert to free trading. For some it was not worth the expense.
GM
This must be one of the worse stocks on the boards/market. I was a shareholder back in the DDSI days. Massive debt and continual dilution through the CD holders. Add to that you have directors that don't give a shit about their shareholders. Have they ever stated when they will be able to clear off the debt or how they are going to pay off the debt considering the interest payments and also does anyone know who the debt holders are ?
The question is how many times can they RS before the investment community learn not to go anywhere near the stock.
When that happens and there are no more suckers to allow the debt holders to dump endless shares, what will they do next ?
GM
A question for the board - why has the ACY shareprice tanked so bad over the last 2 years if the company is returning greater revenues and net profits ?
2006 the shareprice was in the 3 euro range now at .20.
Has the O/S increased - PPs tend to work off of P/E ratios if the company is making profit.
German ain't to good so hard to read up on the company.
GM
I see the o/s has increased by 41m - wonder who they were issued to ?
GM
Taxman first and foremost I am not a fan of PAVC or TCHH. I do not know if we will see the 10c per share but if they do have any intention of paying it in a timely manner but at the same time want to pay as little as possible, they need to see as much volume as possible in the market to be able to buy as much as they can below 10c per share to reduce the cost of the payout.
As you have said so yourself these PRs have little effect on the PPS but do infuse volume and thats what they need to be able to maximise their buying. Maybe they realise the dynamics at work here.
I still feel there is market manipulation going on here with the PPs - I also know the companies past is less than inspiring and many people have been burned, myself included. Lets hope something positive comes out of it.
GM
tax-man maybe the reason they are releasing these PRs is to try and increase volume in the stock so that TCHH can buy more in the open market. If I remember the rules correctly (I maybe wrong) TCHH can only purchase shares in the open market as a % of what has been traded in a given day - I am sure I have had that conversation on another stock that I was involved with.
If that is the case then the reason maybe to reduce the burden of the 10c payout by aquiring as much as they can of PAVC stock.
Just a guess as they have not filed an ownership form yet - which would mean they have not aquired over 5% (I think) of the PAVC O/S.
GM
I remember at the time when there were many postings about Susnar not paying his employees and cheques bouncing (alot of posts on wallst.net brought over here) - and certain posters on this board telling people not to listen, that it was investors trying to buy cheap by getting the stock to crash or employees who got fired.
There are a few past posters on this board that I am sure were positioned on this board to pump the stock to allow management to dump.
They know who they are.
GM
This is the first pinkie stock I have been involved with that has dissolved itself from the market and I have been trading pinkies for about 6 years. In that time I have had the displeasure to have owned shares in some really bad pinky cons with the end result being the company either changes over to some other entity with new management taking over (just as corrupt as the last) or the company gets suspended by the SEC, hits the grays and stays there for years. Have not seen this before.
IMO one of three things could have happened here.
1.
The SEC had significant evidence of wrong doing by AAPU
directors that it was going to de-list the company through
court proceedings and gave the company the option to do it
itself without going through the cost and embarrassment of a
court case.
(If this is the case I will be extremely pissed at the SEC
for not exposing the con that took place here and naming and
shaming the people involved through court proceedings).
2.
The company directors decided they wanted to get rid of the
evidence of their dirty little swindle and flush AAPU under
the carpet and hope in the years to come people will have
forgot about the con they pulled in pinkie land.
3.
There is actually a tie in with Accel and we will find out
soon if we are to be rewarded in the merged company.
(hard to believe this is the case - no contact - no PRS - no information supplied over the last year and we are to believe they are going to jump out of the cake and say surprise - very hard to believe).
GM
Tradingsmylife so basically what you/he is stating is that we are all going to be in the dark about how many shares he is going to dilute into the o/s and when he is going to close the 504.
He is asking for our support but will not let us know what the potential dilution will be, which is critical info when investing in a pinksheet stock.
Sounds like a fair deal.
GM
Tradingsmylife ''Until revs are announced we will more than likely float around'' ? What revs are you speaking about ?
Bill clearly states in the last PR ''OneLink Corporation announced today that it is moving ahead with execution of a strategy that will require several months to restore business operations'', which means in my book(ESPECIALLY WITH A PINKIE) that the company is not generating revenue currently and there is no guarantee that they will.
Also can you ask Bill :
1. if there is any way that shareholders can confirm with the TA on a weekly / bi-weekly basis what the o/s is ?
2. How much has been raised so far through the 504 and when he is going to close it off i.e how many shares is he going to issue before closing it.
That last PR told the shareholder nothing more than the PRs
in Decemeber and Novemeber accept that the o/s has been increased significantly (unconfirmed).
If he wants the support of his shareholders(as stated in his last PR) he has to be open and honest with them - don't you agree ?
If he doesn't give us access to that basic info,as requested above, then what message is he sending out to the investing community and current shareholders ?
Cheers GM.
So we waited 4 months for that PR - which has less detail in it than the one from Novemeber 07 - o wait a minute that PR seems to be removed from the system I.E PINKSHEETS , WALLST,NET.
You know the that said it was going to reward patient shareholders (at .01 at the time of the PR) and let us know the financial milestones that they had achieved and business plan. Funny the PRs before and after that still seem to be their.
You also believe his o/s statement ? tell me how is anyone going to confirm those numbers ? Going by his numbers he has only increased the o/s by about 800% since August 07 , something tells me it will be a great deal more very very soon.
GM
Wonder where our friend Geccos is ?
- You know the one that kept on telling us things were fine and relating info back from the owners almost on a daily or when people on the board were getting angry with what was going on - seems now he has not been able to get in touch with management for over a month - just about the time that people on the board started finding negative public info on the company and its owners.
You never know he might surprise us with some positive update.
GM
Are the U.S. markets closed today ?
Cheers GM
benchman could be - if that is the case then they released the PR yesterday to pump the stock up so that insiders could off-load their restricted shares.
Don't know what the hell is going on here to tell you the truth.
GM
Did Dwight and Robert not try and do the same with ZIPL ?
Extract from the PR/Notice - see below for complete PR.
''The regulatory body said certain persons appear to have taken identification numbers and ticker symbols assigned to defunct or inactive public companies by falsely representing themselves as authorized officials of the original publicly traded corporation''.
Did they ever intend to change the Ticker symbol on WRII ?
GM
DOW JONES NEWSWIRES
The Securities and Exchange Commission on Thursday temporarily suspended trading in 26 companies, saying it appears the firms have taken the identities of defunct or inactive publicly traded companies in a tactic called "corporate hijacking."
In a press release Thursday, the regulatory body said the suspensions, which start today and last through March 27, are part of the SEC's stepped-up effort to address fraud involving microcap securities.
"Today's trading suspensions are squarely aimed at putting the market on notice about the risks associated with acquiring non-operational or 'shell' companies, and with investing in microcaps," Linda Chatman Thomsen, director of the SEC's Division of Enforcement, said in the release.
The SEC said it ordered the suspensions because of questions regarding the accuracy of information pertaining to the companies status as publicly traded. The regulatory body said certain persons appear to have taken identification numbers and ticker symbols assigned to defunct or inactive public companies by falsely representing themselves as authorized officials of the original publicly traded corporation.
The commission warns investors and prospective investors that they should carefully consider the suspensions, and other information currently available or subsequently released by the companies.
The 26 companies whose trading was suspended today are: Andros Isle Development Corp. (AVPJ); Asante Networks Inc. (ASTN); Beluga Composites Corp. (BGCC); Cobra Energy Inc. (CBNG); Complete Care Medical Inc. (CCMI); Disability Access Corp. (DBYC); El Alacran Gold Mine Corp. (EAGM); Extreme Fitness Inc. (EXTF); Gaming Transactions Inc. (GGTS); Global Equity Fund Inc. (GEQF); HealthSonix Inc. (HSXI); IQ Webquest Inc. (IQWB); JSX Energy Inc. (JSXG); Kensington Industries Inc. (KSGT); Kingslake Energy Inc. (KGLJ); L International Computers Inc. (LITL); Let's Talk Recovery Inc. (LKRV); Mobilestream Inc. (MSRM); Mvive Inc. (MVIV); Native American Energy Group Inc. (NVMG); Paramount Gold and Silver Corp. (PZG); Regal Technologies Inc. (RGTN); Remington Ventures Inc. (REMV); Straight Up Brands Inc. (STRU); Transglobal Oil Corp. (TRGO); and Turquoise Development Co. (TQDC).
-Jared A. Favole, Dow Jones Newswires; 202-862-9207; jared.favole@dowjones.com
> Dow Jones Newswires
03-13-08 1015ET
Copyright (c) 2008 Dow Jones & Company, Inc.
Geccos why do you think you are having problems getting in touch with them?
Dwight and Robert seemed to be available to you in the past when relating positive info to the boards when the share price was doing a death spiral and 10s of millions of shares were being dumped to the float.
Why do you think it is now when the shareholders realize the club is in serious trouble that you can’t get a hold of them – you would think if they were individuals that cared about their shareholders then they would have the decency and consider it their duty to update us to what is happening to the company – good or bad.
Were they ever going to tell us how serious the situation was with the company i.e. club up for auction ?
GM
12m traded and no price movement in the stock - anyone got any ideas why the price would not move with that level of trading if we only have a 93m o/s ?
GM
So why have you not spoken to them - because you cannot get hold of them or because you don't care anymore ?
GM
The CEO of another company I have shares in is doing the exact same - I will never invest in a company again that has an open 504 - very stupid of me. These people don't give a crap about shareholders - their goal is to try and steal as much money from the retail investors as possible and keep the pump and running as long as possible.
With regards to WRII they would be still pumping out the PRs today if the foreclosure notice was not put into the public domain and that they know the shareholders are aware of this.
And we know who would be feeding back that info
GM
I think you know my feelings on that one - check my posting history.
GM
rich I have a feeling Geccos has done his job and is well gone from this board.
GM
Your right I'll tell it like it is on the stocks I do own, which is everyone that I rip into and you keep on posting your insightful summaries at the end of the day.
P.S. I don't make friends with people on the internet - you never know who you are interacting with.
GM
back up the truck something tells me that the o/s has been increased from that date - going to pinkie land was maybe one way of hiding it.
Is anyone willing to phone the TA to find out what the current O/S is - I believe they give out the o/s info - well they did when the company was reporting.
From the UK, costs a bit to make the call.
GM
Does anyone even know what the O/S is on PAVC currently?
GM
Trend22 - Yip and you significantly add to the DD with your in-depth analysis.
Can’t wait for your summary of tomorrows trading.
GM
So is it time to phone the SEC - not that they will do much - or is there a chance they will get funding ?
GM
The CEO is a con artist.
GM
Anyone who thinks trading 70+ million in 2 days is a good thing with most of them buys and the price goes down is off their heads.
This CEO has been pulling the wool over everyones eyes while he has been diluting the crap out of this stock - he has been deceiving shareholders by increasing the o/s and a/s sneaky in the background while telling people through e-mails that it is only 25m then 50m then less than 100m then the A/S is 300m - I am willing to put a bet on the A/S is not 300m anymore and will be seen very soon.
Where are all those people that say this stock moves on air.
GM
transam73wi striking the similarities isn't it. I was made aware of the lasvegas city of sport about 2 years ago through a pinksheet company that was in talks with LCS to supply the water system for the complex.
Maybe 2 minds had the same idea.
GM
Have not heard from Geccos in a while - has he left the building?
GM
DB01 agree the o/s in this is a lot higher than the 300m previousley stated and that was a 200m increase.
GM
Tradingismylife I am not looking for him to update the O/S and A/S on a daily basis - I am looking for an honest answer to a reasonable question that any sensible investor would want to know about the company they are invested in.
When is he going to stop diluting this stock and what will be the A/S and O/S at the end of it?
Couldn't give a toss what he puts on pinksheets just a truthful statement to his shareholders about the level of dilution he is planning.
GM
Trend22 exactly what is there to be positive about?
The o/s on this stock has been diluted at least 10 fold in the last 4 months and the shareprice down about 90%+ and no news from the CEO.
GM
Tradingsmylife.
Is there any chance you can ask the CEO what the O/S and A/S is now and what he is going to increase it to in the short term.I do not believe the A/S is 300m now or will be for much longer.
Could you ask when he is going to close the 504.
It would be appreciated if he was truthful and open about this very important issue as it is killing the shareprice - give the shareholders an opertunity to make a decision on their investment.
He does care about his shareholders doesn't he ???
GM