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Well over a year, perhaps closer to 2 years.
It seems to me that increasing the AS by 2 billio0n shares is a material event that should require an 8K announcement. Where is the PR??? This ticker is beginning to stink a little, is it not???
Notice says it is a temporary suspension. I was in this big time before the split and lost a bundle. I hope the SEC nails these guys and puts them in jail. However, I am more than afraid that the SEC cannot or will not do investors in pennies and justice. Still I must give them credit because they went after GFCI and I did recover about 20 cents on the dollar from the fair funds act.
Thanks, Jet. Waiting for the June quarterly report. Is it not delinquent?
Help me out, Stanner. I cannot find any information regarding a possible merger/takeover/buyout of COCO Cocktail. Reference please.
Anyone know what is going on here?
Well, people, looks like we have been had. It appears that Fong could go on selling at .0001 forever.
Judging from your input and the idea of UNLIMITED A/S SHARES, I HAVE TO THINK THAT MR. FONG IS MOST LIKELY A SCAMMER. I have taken a very small position here to see where this will go but will not risk anymore than what I have already done. Even scamming stocks often rise a little and at .0001 I have little to loose except for possible RS. Thanks for your input.
Quick DD on LTNC (Labor Smart, Inc) shows 8k dated April 1, 2016 selling 4 of what appears to be 18 company branches (See Locations Map on LTNC website) to TSGL (The Staffing Group, Ltd):
Item 1.01 Entry into a Material Definitive Agreement.
On April 1, 2016, Labor Smart, Inc. (the “Company”) entered in an Agreement for Purchase and Sale of Assets (the “Agreement”) with The Staffing Group Ltd. (the “Buyer”). Pursuant to the Agreement, the Buyer will purchase from the Company the operating assets of four (4) branch locations, which shall only include customer lists, title to certain leases for real or personal property, contracts, fixed assets, and business records (collectively the “Purchased Assets”). The Company shall retain all open accounts receivable of the Purchased Assets of approximately $571,142.00. In consideration for the Purchased Assets, Buyer shall pay to the Company a purchase price equal to $2,915,000.00, paid as follows: (i) $890,890.00 in cash, (ii) 600,000 shares of Buyer’s common stock at a cost basis of $1.80 per share, (iii) a promissory note executed by Buyer in favor of the Company in the amount of $755,000.00, (iv) payoff of certain of the Company’s outstanding debt totaling $29,110.00, and (v) direct payment to IRS on behalf of the Company in the amount of $160,000.00 (the “Purchase Price”).
It sure looks as if these branches were profitable. Now the question is which business unit did AFPW subsidiary ESS purchase from LTNC.
On June 27, 2016 LTNC filed SEC 15 deregistering the company.
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.
So where is the PR from LTNC telling us about this acquisition by EES?
All the negatives posted re: Fong and the darkened LTNC raises some legitimate questions as to what is really going on. Can anyone on the board add to this information? Does the AFPW claim of 2 million in revenue represent only the business unit acquired or for all of LTNC income for one month including the sale to TSGL?
Looking forward to seeing more detailed DD from the board.
Alright already! I am seeing super hype and super yikes! Which is it??? Is Fong really a scumbum scammer or not?! Anyone with real lowdown on this stock???
Can't wait till news comes that Frank is in Jail!
Ha! Ha! Flipper. We shall see what happens. Frank is a thief. But that is not to say that some of his games may actually cause WNTR to look good to some investors. For me, anyone pumping in a lot of money into WNTR at this point in time will be greatly disappointed. EOM
You say Frank hasn't stolen any money from his investors. Frank is the sole owner of Ludvik Holdings, Inc. Ludvik had a bunch of worthless stocks in its inventory which Frank bought out w/shares issued from WNTR. He is now picking up new companies via Ludvik and some WNTR SH's are hoping that they may benefit from Ludvik. Check out 2014 history. He is stealing from his SH's and that is the way I see it. Frank is for Frank and WNTR SH's can just whistle right through the graveyard that is now WNTR. GLTA
I am in as a lotto play but looks suspicious to me.
searay, you seem to be a knowledgeable fellow, so can you tell me what I need to do with the 800 class C preferred shares that were issued in October 2014 and supposed to be convertible at rate of 100 common shares per 1 class C share. Are they worthless? Awaiting your reply. AHH
Sure wish I had the freedom before my God to curse the crooks but I am told to pray for my enemies. Once again I have to add TALK to my long list of failed stock choices. Great hopes die hard. You guys with big bank accounts may be able to wait this out but for the little guys with hopes dashed this is sad. This is now a lotto play. Sold out but will probably buy back at lotto play price of 0001. GLTA
My 0001's have been up for sale for a long time and still stuck. I want out but wish you all good luck.
This is a Nevada Corp and is presently in Default in its filings.
Sad!
Anyone with any sense can plainly see Frank is a wily thief taking from WNTR investors and dumping WNTR's profits into Ludvig which is a company he totally owns. Where in the hell is the SEC on this scam???
My take: The bulk of these lawsuits were primarily brought on by the merger. Plaintiff's are hedging their bets for loans made to UMS for inventory and business operations. The suit with Moin appears to be somewhat frivolous because of an agreement to buy a store they owned but they did not meet the pre-agreement requirements. My hope and belief is that TALK/UMS will weather this storm and grow exponentially in 2016 and beyond. I am going to hold my meager shares to ride this out. GLTA
WARNING... TOXIC BS FLOW INBOUND FROM FK. OOOHHH THE STENCH SURROUNDING THIS TICKER. BEEN HERE SINCE 2014 AND LOST EVERY CENT MADE WHEN FRANK'S CHARACTER WAS WELL HIDEN AND IT CLIMBED PAST A PENNY. TOXIC...TOCIC...TOCIC
Ahh...sweet mystery of penny stocks! Where else can one find so much drama?
Hey, Sweet, I have taken a relook at this and perhaps I am now more positive than yesterday. Really do not where tis may be going but I doubt that I am going to loose any money on this stock. We will see what lies ahead. After all, should this allow me out at .0002 I have doubled my money. Have more hope in this stock than several others.
All this gobbly gook is frustrating. I am so sorry I bought into this stock.
Looking for an definitive answer: What the heck happened overnight for NECA to go from bullish to bearish without any public info?
ALLOTCBB yesterday was high on the bullish side and this AM it went to a real negative. Yesterday's trading showed nothing bearish. So what the heck happened overnight...anyone?
Well, well, well, where will this go??? I just bought 2 mil and, perhaps, just perhaps, this may turn out for good. Then, again, I may have just thrown away $200 bucks. I have a history of bad choices in the pennies. GLTA
I am really disappointed that there was no news of any kind this AM.
This is getting shakey...
Trust is falling on this ticker. I am hanging in here for now but will be re-evaluating day by day. We need the 8k!
Considering the news, this is a heck of a slow start for the day.
When cometh the SEC?
Well.....
Bid Sitters on 0001 will always be waiting for discouraged sellers. Admittedly there is much to be in doubt about but many will hang in to the very end (no bid) just on the chance it will run. Always hopeful...GL!!!
Levy, your week was up as of 0800 today.
Them ducks are looking pretty lame to me. I do fear a RM and some others on this board better fear it as well.
Just what does a joint venture with DNAX have to do with ACLP? Both tickers are BS tickers. ACLP has cost me well over $2500 bucks in lies and failed promises. I hope those who decide that this is worth the risk will actually make money, but I really do doubt they will. I have been trying to sell what is left of my ACLP stock for months at .0001 and moved it to .0002. will still be out $2300 bucks. No way am I going to hold any of this junk.
Whichever way this goes it will be a surprise to many on this board. Looking for good things to happen here.
Come on Champ, you have got to know that the Dutch Offer is just a dodge to stall for time. It is just BS. Frank is definitely branching out and may yet bring something to the table but it must first profit Ludwig and Frank before any WNTR will have anything to speak of. Am I wrong???
Dutch auction is a delaying tactic. I pity those who will fall for it. Flipper, go for it. You too can loose just as the rest of us have done. I find it amazing anyone has any semblance of trust in Frank Kristan. I will admit I have no idea what he is up to with these recent buys but if the past is any indication of the future, ?????
Flipper, Frank is for Frank and no one else. If somehow anyone here is able to ride on his coat-tails, more power to them. Frank will cut your throat in a mini-second if it will profit him. GLTU
I, for one, would encourage G-Dog to go ahead with his informing SEC with all that the has on Frank. Frank is a master of smoke and mirrors and he is ripping off his investors like crazy. It is hard for me to believe anything Frank says whether in print or otherwise. I will maintain an investment of $100 for 1 Million shares just to see the eventual end of Mr. Kristan. Hope it is soon!!!