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does the Company ever post financials or is it non-reporting??
from there last known filing on pink sheets
As of September 22, 2009, the Issuer had a total of 642,512,589 shares of common stock issued and outstanding.
who knows what the number is today could be almost 1 billion by now
the outstanding shares as of September 2009 as filed on the pink sheets for fiscal year ending 2008 was:
As of September 22, 2009, the Issuer had a total of 642,512,589 shares of common stock issued and outstanding.
I am guessing that the number now is close to or exceeds 900,000,000 which means massive dilution going on.
The Company needs to file its 2009 financials soon or they will get a cross and skull as super risky almost caveat emptor investment..
none will know how many shares are out there until they file
Nir is a former death spiral lender that now owns warrants and some common stock
Read about them:
Hedge-Fund Manager Investigated for Fraud (WALL STREET JOURNAL)
Federal criminal authorities are investigating whether Corey Ribotsky, a Long Island, N.Y., hedge-fund manager who has said he has $770 million under management, lied to investors about their returns and the holdings of his various funds, according to people familiar with the matter.
Prosecutors from the U.S. attorney's office in Brooklyn and investigators from the Federal Bureau of Investigation and the Securities and Exchange Commission are looking at whether the 38-year-old Mr. Ribotsky and his firm defrauded investors as the stock market fell amid the credit crisis, these people said.
Authorities have not accused Mr. Ribotsky of wrongdoing. A lawyer for Mr. Ribotsky said he and the firm he heads, NIR Group of Roslyn, N.Y., declined to comment, "as they have no knowledge of any criminal investigation and have not been contacted by any authorities."
Spokesmen for the U.S. attorney's office, the SEC and the FBI declined to comment.
Since the financial crisis took hold, there have been a spate of financial fraud investigations. This is one of the larger ones based on the amount of assets the firm says it holds.
Mr. Ribotsky has invested through so-called PIPE transactions. "PIPE" refers to private investments in public equities, or transactions in which investors purchase stock in a publicly listed company, in a private transaction often below the stock-market price. Companies that participate in PIPE deals typically need to raise cash quickly and are willing to sell stock at a discounted price to do so.
Separately, outside of his hedge funds, Mr. Ribotsky was involved in managing more than $5 billion worth of mortgage-related securities underwritten by Merrill Lynch & Co. that lost much of their value amid the credit crisis, according to NIR press releases and other public information about the securities.
Mr. Ribotsky's funds have reported consistent, positive returns. In court documents that include correspondence between Mr. Ribotsky and his investors in one of his funds, AJW Qualified Partners, he said the fund had a return of more than 8% for the first nine months of 2008 and that NIR's funds had positive returns in 114 out of 117 months.
A fund called AJW Offshore II had annualized returns of more than 16% for the past three years, compared with an average 1% decline for that period for an index of about 2,700 hedge funds, according to BarclayHedge Ltd., a hedge fund research firm. The same AJW fund reported a 10% return in 2008, compared with a decline of 21.6% for the same BarclayHedge index, the research firm says.
Mr. Ribotsky and one of his hedge funds have been sued several times in recent months by investors who say they were improperly prevented from making redemptions last fall.
One lawsuit, filed in New York state court by Steven Mizel and his limited partnership, Palmetto Partners, alleged in New York state court earlier this year that Mr. Ribotsky refused to redeem their $1.7 million investment in one of his funds.
Mr. Ribotsky in court documents argued that shutting off redemptions had become routine due to the volatile stock market, and that he engaged in no wrongdoing. He said his fund was audited by accounting firm Marcum LLP. Calls to Marcum LLP and an email sent to managing partner Jeffrey Weiner were not returned.
Jordan Hershman, Mr. Ribotsky's lawyer, said Mr. Mizel's complaint doesn't support its "conclusory allegations." Mr. Mizel declined to comment. His lawyer wasn't immediately reached.
In another lawsuit against Mr. Ribotsky and his firm, also filed in New York state court, Gerald and Michael Tucci said that when they asked to redeem about $1.5 million, Mr. Ribotsky instead gave them securities in a small company and told them the shares' value were equal to their investment. When the investors tried to sell the shares, they discovered the shares were nearly worthless, according to the lawsuit.
Mr. Hershman said the suit was resolved when "a third-party investor bought from the Tuccis their investment."
In a letter sent to clients in his AJW Partners fund in October 2008, Mr. Ribotsky said they could move their money into a new fund or remain in the current fund, which would cease making investments, court documents in one of the private lawsuits show. About 92% of the old fund's investors elected to invest in the new fund, Mr. Ribotsky said, according to a court document.
Mr. Ribotsky recently founded a trade group to combat negative perceptions of PIPE investments, according to public statements by Mr. Ribotsky in May.
http://online.wsj.com/article/SB124840478374278275.html?mod=googlenews_wsj
ITS the Dilution that's killing the price
They may have a real product but they have given out too many shares to several OTC -pinkie promotor sites who have dumped teh shares..
bad management style///stock can move higher after they file financials but it will show alot of "UNnecessary dilution" also NIR is in this and they are having investigatory problems from the DOJ which is forcing them to liquidate ..
these have hurt the stock immensely
I am still quite positive that if this beta testing goes by year's end this could go back to 5- 6 cents which would be a HUGE MOVE
I accumulate quietly every time we make a new low by at least a cent.. bought at 2 cents and will buy again at 1 cents
Cramer said yesterday that the future is in tech and dont be scared to take a shot and maybe get RICH!!
GLTA
My Take on the Shareholder release
I like what i read and will wait the next 6 weeks to see how the Mercatis deal pans out.
Either the Company will sell several thousand units ( which means to those who post here about 85.00 in gross sale for a three pack of product ( day, night and maintaining cream) so the 1100 units equated to about 90K plus of gross revenue.
When I see a CEO put up his own cash (70K) to make things work I feel alot better about my investment.
when the Authorized finally gets increased next week I already know who is getting the shares.
The IR firm is due stock. they told me they executed a contract
last September for about 20K which equates to about 200M shares and they are a long term player. I assume they will renew in late February?
My dealings with them have been stellar. They respond when emailed and are beholden to Jorge's time frames.. In the Fall they did a good job expanding stock interest!
Also Jorge has delayed snorenz..so what, his bread and butter is Re-JUVI and if it rolls out as he stated snorenz will come to market.
whatever shares he needs to issue to the patent holders carries a 12 month restriction.. I am guessing anywhere from 500- 1 billion in shares for a basic royalty fee of 50K to 100K for the product.. Pretty reasonable since it could add millions in sales...
that uses most of the authorized in a proper manner and doesnt allow wholesale dumping on the market. someone will have to file a report with the SEC
a very good strategy..
Like everything else sales here is key. we need a few months of increased growth and the stock, DTC, and all the ancillary BS will take care of itself on its own.
I am holding until mid april and will see where this potentially exciting but somewhat messy story goes...
GLTA
THE Profitable man ( although not as profitable as last year man)
Spoke toIR/PR firm today
Company aka JORGE will speak to us on his website shareholder letter in next 48 hours. I told them i have 200,000,000 plus shares and getting testy without news. Since my basis is virtually ZERO cost I would start slamming if nothing is forthcoming!!
They promised no later then MONDAY NIGHT AND I PROMISED TO BEHAVE UNTIL THEN!!
WE ALL NEED AN UPDATE good or bad
WE NEED COMMUNICATION !!
glta
I HOPE SALES ARE IMPROVING..........
IS This management raping the Company
reading finacials and look what they pulled out already
5046 · COMPENSATION
5049 · Board Fees-G Kimmons 7,500.00
5048 · Board Fees-K Kimmons 7,500.00
5047 · Board Fees-L Kimmons 7,500.00
5044 · Contract Officer Fees-G Kimmons 115,000.00
5043 · Contract Officer Fees-L Kimmons 31,000.00
Total 5046 · COMPENSATION 168,500.00
July thru september 2009
makes me sick!
Very Worried about continued dilution and dumping
If the Company wants to be transparent how hard is it to put out some updated financials. the only thing we know is the year end of 2008 via the 10-K they filed
they told us this: As of September 22, 2009, the Issuer had a total of 642,512,589 shares of common stock issued and outstanding.
How many more shares have been issued and how many of the outstanding have become free trading
NO one knows but management//
Maybe they are dumping into the buying
this company puts out more crappy releases every other day in an effort to pump up the stock
Read the pink sheet disclosure ; the company's son and wife get paid heftly as well..a real Nepotism payoff.. his son has little experience in anything but pulls out some good money
and also the funder: Ajene watson
Did you see the scam contract he has// 50,000 a month in fees for what ?/ a 2 million dollar credit line
Oh yes he can get it into stock at prices with three digits of zeros ahead of it
His contract is disclosed in the pink shteets.. you have to scroll thru to find it!
this could be one of the best Pump and dump deals on the market
keep telling everyone the beta testing is close while they sell into the buying
finally it makes me comfortable to know that the hedge fund who bought in is owned and operated by a former convicted felon for securities fraud and stock manipulation MR ken orr of triumph capital
Here is his disclosure from the 13D he had to file:
On November 10, 1999, the Securities and Exchange Commission filed a civil action in federal district court against Kenneth Orr and sixteen other defendants, charging Mr. Orr with violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Exchange Act of 1934 (SEC v. Curtis, et al., 99 Civ 7357 (E.D.N.Y.)(“Curtis”). On September 13, 2002, the Unites States Court for the Eastern District of New York entered a Final Judgment of Permanent Injunction and Other Relief as to Orr in Curtis, permanently enjoining Orr from future violations of Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, ordering Orr to disgorge $55,000 in ill-gotten gains, approximately $44,000 in prejudgment interest, and post-judgment interest, and ordering Orr to pay a civil penalty of $55,000. Orr consented to the entry of the final judgment without admitting or denying allegations in the Commission’s Complaint. Additionally, on January 3, 2002, Orr pleaded guilty to one count of conspiracy to launder money. United States v. Orr, 99 CR 1019 (E.D.N.Y.). On May 21, 2002, a judgment in the criminal case was entered against Orr. He was sentenced to three years of probation and ordered to pay a $3,000 fine. In December 2004, Mr. Orr consented to the entry of an Order Making Findings and Imposing Remedial Sanctions pursuant to Section 15(b) of the Securities Exchange Act of 1934. In connection therewith, Mr. Orr was barred from association with any broker or dealer, without reapplying. Any reapplication or reentry by Mr. Orr will be subject to applicable laws and regulations. Mr. Orr has determined not to reapply or seek reentry.
The above referenced actions all relate to events that took place in 1995.
this is starting to smell quite funny
Buyer beware and sell into any upswings.. good volume so it can be traded but be very careful
WOULD LOVE TO SEE ANY RESPONSES TO THESE VALID FULLY DISCLOSED ISSUES
dont think management will ever respond.. they got this board hosed up the ying yang!!
Spoke to IR/PR firm; Shareholder update coming
I spoke with Paul of Paul alan yesterday via the computer and then phone and told him that many shareholders are lost in light of the DTC freeze.
We need a plan of action by the Company . The sophisticated long holders understand that it will be resolved and the Company has DONE NOTHING WRONG!!
The newbies and recent longs are frustrated and possibl=y scared to committ more capital to a good Company because they think something is wrong.
THE IR firm told me in no short order Jorge is preparing a new shareholder letter addressing these concerns in detail and will tell all how it will be RECTIFIED.
I will support the bid up to another 100,000,000 shares at .0001
based upon this information. The stock will not go to ZERO bid!!
MY lawyer who is an SEC expert suggessted the Company become reporting and go to the OTCBB.com. I hope Jorge's attornies solve the problem the same way. IT would be a hige boom for the credibility and the future stock price.
On another matter the Company will tell us how they did in December 2009. I am curious to see at laest 800-1000 units sold
what that says is we actually have a REAL BUSINESS with a base of almost 70,000 - 85,000 a month in sales and we can grow from there!!
GLTA
Final thoughts on the increase from 6.5 billion to 9.0 billion
I am not immediately concerned about this matter because when it finalizes in Nevada we know the following:
The stock that will be issued to the three concerns; lender,patenet holders of snorenz and IR firm are all long term palyers in the stock..
I willa ssume that the snorenz guys are waiting for the launch and relize that reviving a product is a minimum 12 month procedure so they are long termers
the lender well he has been in this for years so they are not a dumper
and finally the IR PR firm would want to see .0008 aagin in order to justify all their costs over the 6 month contract
all in all if jorge had to use cash the Company would be broke
right now almost 99% of the outstanding is free trading and it has been absorbed up and down by too many to count
Ill assume the patent holders , lender and IR firm are due another 1.5 billion or so shares for about 150,000 at these prices
so all in all if by the 3rd quarter of 20101 we are rocking in sales we will all jump to buy any overhang
Two things I will predict:
NO reverse split in 2010 and NO stock buyback.. anyone who mentions this on the Board is just an idiot..period
its a scare tactic
the company has no money for a buyback and Jorge needs a full blown proxy filing for a reverse under Nevada law ..thats a minimum 20,000 in costs which he does not have at this juncture
My take is hold until the firts quarter is done whether or not this moves at all..if revenue grows we got a winner or else move on!!
will keep everyone updated// hopefully after the new year
have some thoughts on the increase to capitalization as well
also positive
i think the drop has to do with the loose shares given to the funder ajene watson..
he ahs amde a committment to fund up to 1.5 million and receives a ridiculous compensation from EDWY almost 50,000 a month mostly in cheap stock..
READ the financials.. if he blows it out he can self fund the Company.. this thing has run up twice over the last 90 days and come back down quickly.. not a good sign although the underlying business has great potential
i have seen this type of scheme before and someone gets left holding the bag
just be careful and when it runs sell your principal and ride the balance for free
I dumped all the way up yesterday till .07 almsot 700,000 shares and brought my average on my balance down to .0003 so i feel very sa=fe holding 2 million more shares
Read the financial data as posted they are issuing too many shares in a very short time to all just be prudent!!
MY take on the DTC problem:
to all positive and negative investors on this board. I bought heavily yesterday at .0001 which is really the low for this stock since we actually now have a REAL business. My position is close to 300,000,000 shares and I figured with that kind of hooch involved I would seek legal advice on my own about teh DTC freeze.
My attorney an SEC specialist explained it this way.
The good news is neither the Company nor the management of CXAC is in trouble. DTC has determined that the SEC chare is a SEction 5 alleged violation which simply means an "unregistered distribution" of common shares to teh tume of almost 1.7 billion or almost at this time 30% of the float. DTC is saying that they will not claer the trades at this time because they do not want to willingly or unwillingly keep transferring common stock that is allegedly unregistered. Once they made that determination
most brokers in America will not allow the buying and selling of the stock at that specific broker.Its very costly to make physical delivery to cleat a buy and sell and it cannot be done in the standard three day settlement period so they incur huge cots as weighed against the size of the small investors orders.
Thats why Etrade , ameritrade has put a chill on things and the list will continue to grow...
I use a platform from Goldman sachs and i cannot draw out my other profits until my CXAC trades settle which can take them upwards of 10-14 business days on average and they are adding the fED ex charges to my account. They send the cert physically to the TA to be broken up and then back to my account. It hurts me too!!
I asked my lawyer to call Jorge to see if he could intervene and he called me late last night. He suggested that he contact Washington SEC at the small business office and tell them that the civil action is putting a pall on the trading which in essence is an unintended consequence. They can give CXAC direction.. maybe a registration of stock or filing docs to ultimately satisfy the DTC. It will take some time and I will report back when I know what is going on..
It truly a wast here to discuss the DTC freeze. It will not be lifted until CXAC takes an affirmative stance soon
I agree with everyone that that fact has HURT the Stock!!
people are nervous and do not want to buy or sell a stock with a problem.
The good news is the Company is fundamentally sound with GROWING sales..If that changes then I sell and move on .. otherwise its time to accumulate it because when the DTC problem is cured this will fly again!
GLTA
The Profitable man!!
One final thought;
jorge has loaned the Company almost 50,000 per the filings and has not taken a salary..its accrued..
you bashers will need to do better!!
GLTA
Profitableman's view on the PR
My take is as follows:
I invested in CXAC because I thought that jorge can sell re-juvi and it would become a national product eventually sold in every drugstore chain and walmart in america.
I will assume most invested on the same basis.
Facts: until september 2009 we had no bid and no sales..basically we had CRAP!
In the last 90 days or so Jorge has found a formula to move product.. albeit small numbers ..only 1500 units but his retention rate is way above industry standards. HE has FUNDING to go forward and its enough to potentailly grow the Company in 2010 from 2009 sales of 120,000 or so to 3,000,000.. I think that is amazing!
the negative is many bought at .0006-0008 and have little patience to be an investor. As i have explained I sold my first position into the buying frenzy and hold over 200,000,000 shares at a zero cost basis. jorge keeps us updated, yes sometimes late but we get a flow of information..
Noone here is ever in the dark for more than a few weeks at best
he files all the docs with pink sheets as well so you can check the validity of his information.. again a major plus!!
also his IR/PR firm may not have the best social skills but they respond timely, get out the news anf generate interest in the stock every week
now the bad : DTCC is a problem and I am convinced that has stymied the volume which as a trader worries me a bit.. But he did say they have an attorney working on it and on three occassions that the SEC is not looking at the Company or him for any type of violation.. that is paramount.. no scam here at all
My take give the DTC until late January to change its mind..
Finally the recent dilution to 9.0 billion..
ITS Restricted shares so they must hold until at least 6 months possibley a year.. IF jorge isnt making big sales by then the stock he gave has no value anyway because who will still be long??
IF he is doing well it will get absorbed or how are we so sure they will sell it anyway..
HE is saving cash to add snorenz to the mix..its not massive dilution-dumping and it helps the Company move along in iots model..again a major plus
MY take is I need to see continual sales growth whether small or not but GROWTH.. The stock could make us all very rich by late 2010.. if he gets to several million in sales with either product he can sell the Company.. or move to OTCBB
all those here that are in for the quick ride .. you must be frustrated and angry.. but in the long run you usually lose your money 80% of the time..
I will monitor the corporate progress and help its growth. I bought ten packages for the holidays and they sent me 5 free sets because I am a shareholder. I gave them out to all my retired mom's friends and most enjoyed the product..
Sometimes you need to do your own due diligence.. I spent 750.00 bucks to potentailly protect millions..
I urge all CXAcer's to do the same!!
happy Holidays to all and GLTA
PS my take here is upbeat// take a look at my other stock ENLG
It cant get out of its own way.. thats the difference when you have real management.. and that will always be the most important part of a penny stock.. real company operator with a real product
GO JORGE
I support you for the next 90 days!!!
just received from IR/PR company
I wrote to them asking what gives? seems ridiculous that nothing is happening
this is response from them:
In a message dated 12/17/09 12:21:12 P.M. Eastern Standard Time, Richard.Plecenik@McGuire.af.mil writes:
Are we going to be getting news this week? I thought it was supposed to
be out at the beginning of the week?
I am in contact with Jorge every day. He has a severe flu , possible swine and we cannot meet with him until his doctor clears him medically. Although the release will be late, I can tell you it will be exciting and show tremendous progress about the business model. We will follow up with a full blown shareholder letter addressing additional elements of the release, the DTC matter (which we are now focusing on with DTC), other corporate matters . After the next National PR on sales and revenue which is very exciting ,we will follow with a second major announcement about the Internet marketing program for 2010.
We truly believe that with this triple punch the stock could easily climb through its former high price of .0008 and finally breakout into the .01's or higher.
Remember we still have not launched Snorenz which can only pile on sales to an already booming market in Re-Juvi.
I have personally lectured Jorge on the importance of timely news, but he marches to a different drummer.All in all , its about sales growth in the beginning and he has delivered amazingly!
We are happy to have him as a client regardless of his unique management style and are 1000% sure that in 2010 all buyers below .01 will reap huge benefits by the end of 2010. One thing you cannot hold back is great results, especially in a difficult economic market. CXAC has proven that with hard work great things can and will continue to occur.
You may post this to any site of your choosing . It may satisfy those who think his "disappearance" is troublesome. He is ready to step up and make the Company great in 2010 !
again we work for him and can only release the good news when he deems it appropriate although we do battle it out periodically.
Thank you,
Paul-Alan Associates
received the response late friday night to my email account. I sent the question in to them near end of trading on friday as no release was posted
I have written to PR company before and they are truthful about what they tell us. they also never mind if we repost their answers
others can back me up on this one here!
my feelings are this week or next a MAJOR news event willoccur
I hope we get a pop soon
GLTA
Received this message from IR -Late press release
I emailed them the following question:
Why is release late? Can't Jorge give you guys the numbers for last 90 days so we can see how Company is doing??
My Answer:
Dear Investor:
We understand your angst about the late release. Mr Bravo has had a touch of the flu and we have been unable to meet. Please be patient. The results will be released in a National press release after we meet and discuss the course of dissemination.
Thank you,
Paul-Alan Associates
although I am a bit disappointed about the delay I am still holding my 240M shares...
I will give him to the end of the month before I react!
GLTA
why the panic? / Why the doom and gloom
I for one do not understand the instant panic by several longs here when the Company is a little behind in releasing the data.
why assume it is negative?/
Jorge is running a small company virtually by himself and with no staff ( which saves us money) indeed he is behind on a few things
First: third quarter filings:
big deal he is late
those will only show september sales which we know are 486 units less retention so lets say 450 which equates to 30K in total sales..Does anyone think that piss poor amount will rock the stock..ITHINK NOT
its just an indication that the product has some legs
Second : October and november sales: this is critical data which the PR firm states is coming soon. If i have to wait another two or three weeks so what I already know October was better than september and I will guess that November doubled October
even if he sold a total of 2000 pieces in the last 90 days its about 120K in sales..what that tells me is he is on to something so hold on and buy down here because it will RUN again..
I aam sure I amde more Ducats than most here because I sold a boat load at .0007 and .0008 when it took off with nothing to prove the product has sales.. now everyone is specualting to the downside..
MY position is now over 275,000,00 shares and I paln on making a second hit in the next several weeks..
many of you here think the stock will just quadruple in a blink of an eye.. never going to happen you need to accumulate and blow it out on the next run and make sure your basis is ZERO
then the daily fluctuations have no meaning because the long term trend here is very positive..
all of you must give JORGe a break.. he is a one man shop and its nice to see him succeed , albeit slowly and maybe not always on time but he is a WINNER!!
I will concede that if we j=hear nothing by years end that would make me worry but I know a major PR is coming
Third: Snorenz
Remember too that SNORENZ still has NOT BEEN launched so the Company in 2010 could potentailly be a 3-5 cent stock if not higher..
lets say he did 120K over the last 90 days I say not bad for a start and let him build on those numbers!!
Received this lengthy response from the IR/PR firm on TD AMERITRADE issues:
Dear Investor:
To the best of our knowledge FINRA , the National governing body for regulating all broker dealers has been pressuring all B-D's in the country when they handle penny stock orders. The post Madoff arena taught them to increase scrutiny to these stocks regardless of the level of public information available to investors.
With these facts in mind numerous B-D's have determined that this "type" of business is no longer profitable when weighing the risk rewards against clients and trading. Therefore they have begun to halt buying in these stocks and in some cases have asked accounts to cease all business. We are aware that Euro Capital Corp doesn't want any pink sheet business at all. First Clearing Corp has restricted accounts on a case by case basis even when the stock is pink sheet preferred. Its just the regulatory times that we live in at this time.
although CXAC has never been named a defendant in any SEC action these B-D's see the Company tainted by the allegations made against other former shareholders . They then decide to drop the security.
DTC hurt the Company by its decision which may in the future be reversed.
In the interim without DTC eligibility the B-D's must make physical delivery again within the three day settlement rules. It is costly and time consuming to comply. If they are a discount B-D then they will lose money on every single trade because they must FEDEX all documents to the TA which adds ancillary costs to each trade.
It doesn't take a rocket scientist to realize that they will restrict the sales of the shares because of the processing inconveniences and attenuate costs.
I am guessing that some number cruncher at TD Ameritrade noticed the high costs and memoed an executive and in turn put the restrictions on the stock.
Again the stock does trade and eventually DTC will lift the restriction. When is the question and the Company in all fairness to shareholders cannot predict that date but it will not be before the middle of 2010.
You need to call other B-D's and make sure you can buy and sell the stock. There are hundreds who still will handle the matter. I am aware that Penson Financial is still allowing CXAC transactions but that could change in a heartbeat.
I hope that answers your angst!
Paul-Alan Associates
MY Take on CXAC
I still hold my position which is about 200 million shares. Yes I did trade the stock heavily so my actual basis is almost zero but i actually bought the position at market prices of .0004 and .0005 several months ago..
I think Jorge needs to post up the following information for me and probably others to decide how he is doing
actual unit sales from september, october and november..( he has given us a clue)I want retention rates not phone calls or gross orders and then I would like to see advertising spend versus actual sales as part of the infomercial campaign
this info will tell me whether I sell again or hold long term..If he cant sell the stuff during the holiday season then when will he be in a buyers market..the next 6 weeks are a clear tell on the Company's growth potential..
Finally all the crap about the filings are old news to me.. the quarter ending 9-30-2009 wont say much..he had just launched the fiorst internet campaign which we know sold about 486 units (less retention) so the revenue will be minimal at best and expenses will generate a repoted loss anyway..
to me pink sheet status is like shining your new car..its still new regardless. I buy or sell on what management promises and DELIVERS!!
Jorge has had about 90 days to get this going and he has also given shareholders a break on buying the stuff.. I own MCD and they never give me a deal so I am impressed!
once that info is released and digested the stock can take a direction.. most of those here who pray for it to pop to .01 in a few days or weks are very foolish.. there is almost 6.5 BILLION in the float so it will take several billion share days to get this really moving again...
many here need to be somewhat patient over the next 2-3 weeks as we all see the corporate strategy unfold.. and he has yet to launch SNORenz another potentailly large revenue generator..
I always giove management a chance to be successful within the time frames they have stated.. recently I bought into ENLG another OTCBB based upon what management will do in 2010.. I got in early ..I know my risk and wait for it to pop.. sell out to my basis and ride the profits as they produce
same scenarion for CXAC.. if this goes to sh-t I made well over 100K in trading on the two big runs last year
I suggest everyone sit tight and let Jorge deliver or fail on his own accord.. guessing his daily moves is stupid , arguing over his self imposed deadlines is also stupid the company is vibrant and I am sure he is working hard..moreover he does leak out info on his website www.crossac .com
everyone have a great Holiday and thanks for all the posts here..i enjoy the comments form neophytes and professionals alike!!
10-Q filed
better than expected increase in revenue
Compoany has some great pipelines for their oats etc..selling to general Mills.. will keep this baby on the radar screen..not much float etc
things looking real great for 2010!
read the latest press release
there revenue is up by 20%
soon this baby will pop!!
this thing should move
looks like this will pick up shortly
10-Q due soon and results should be great!!
heard this baby has hired a top notch IR/PR firm
looks like this one will move shortly..they are using the same group from CXAC which is a board leader and trades with greta volume
heard this Company has some new inraods in the animal ice cream business to deliver medicines to pets which are finicky eaters
could easily be a triple!!
GLTA
HERE is the actual news
NIR will kill another Company:
Friday , October 30, 2009 16:27ET
LUMBY, British Columbia, Oct. 30, 2009 (GLOBE NEWSWIRE) -- avVaa World Health Care Products Inc. (Pink Sheets: AVVH), a global biotechnology company, manufacturer and distributor of nationally branded therapeutic, natural skin and health care products, announces that the Company is in receipt of an order of the Supreme Court of the State of New York dated October 23, 2009 issued on an ex parte basis pursuant to a proceeding commenced by a family of investment funds (the "Investor") and seeking to enforce certain terms of the investment agreements between the Company and the Investor. The order includes certain injunctive relief relating to the investment agreements and directs the delivery of 35 Million shares of the Company's common stock.
The Company believes the court order was improperly obtained and has filed a motion to set the court order aside.
About avVaa World Health Care Products
avVaa World Health Care Products is a global biotechnology company that specializes in effective, all natural, therapeutic skin care products that improve quality of life and well being for consumers. avVaa's patented European skin care formulas are scientifically registered, FDA-Compliant, and were developed to relieve and treat the symptoms of common skin ailments, including eczema, psoriasis and acne. avVaa is poised to manufacture and market its OTC Neuroskin(R) line of skin care products through mass, food and drug channels in the United States and globally. The Company's secondary line of equine and pet care related products are already being distributed throughout all of Canada. For more information, visit: www.avvaa.com http://www.avvaa.com
Safe Harbor: Statements contained in this press release that are not based upon current or historical fact are forward looking in nature.
Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of avVaa World Health Care Products, Inc. and no assurance can be given that such results will be achieved.
Potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain, and successfully complete projects, the availability of technical personnel, changes in technology, and competition.
--------------------------------------------------------------------------------
CONTACT: avVaa World Health Care Products
Jack Farley, Chairman/CEO
jfarley@avvaa.com
Lorie Campbell-Farley, President/COO
lcfarley@avvaa.com
www.avvaa.com
Public Relations:
Merle Goertz (West Coast)
1-604-688-2349
Another lawsuit by the fund
looks like they are suing AVVH who has refused to convert
too bad you cannot short that stock because NIR will crush it!1
go to AVVH ihub site and pull down recent press release on it
GLTA
Farley is a lying SCUM-BAG
why cant he simply respond to all of us as follows:
The commercials are costing us 20 grand and we sold X amount of units so far at such and such a price
he is hiding the lousy results so he can continue to dilute , raise capital and pay his cronies
nothing more than a scam!!
Everyone take a look at CXAC and see how a real executive publishes his bimonthly TV and ad results and you can make an INFORMED decision!!
stock is way undervalued
if the platform works like he says it is easily a double from here
slowly accumulating a position. my cousin in austin TX says the buzz around town is this platform
maybe more exposure and some real PR moves this back to .08
that is level of firts resistance on the charts
GLTA!!
Facts about CXAC
he told us he is running ahead of last months sales without the commercials..
he will run the commercials and the delays are to improve the end results .. nothing wrong with that!
he intends to update the financials and next year move from the pinks to the OTCBB another positive!
why not wait until end of month when he releases the sales results of Octobner 2009.. even without the commercials running he possibly could do 800 pieces which equates to 64,000 in volume..
the stock will never go straight up he surely needs continued revenue strength to break out.. meantime traders will love to double their money and get long when the time comes
I still see nothing wrong with this stock it backs and fills like it should
in reality he sold 500 units last month which was about 40K in revenue
its just the tip of the iceberg
so many IMPATIENT people here!!
DO NOT CALL DTC: they will not change position
they are an independent company not overseen by the SEC. they have determined to suspend DTC until case is resolved which will be several years or shorter.
They will not do anything but cover their own Asses!!
stock can still trade ex-clearing
do not waste your time
the last test resulted in about 40 sales and they spent about 15,000.00 dollars
why is this test going to do better??
amazing how they put out releases in an effort to halt the selling pressure
starting to smell like a real SCAM HERE!!
how much is the campaign going to cost so we know what the ROI should be
IF they run commercials and sell very little it maens the product is a BUST!!
FROM THE SEC WEBSITE
UNITED STATES SECURITIES AND
EXCHANGE COMMISSION,
Plaintiff,
v.
K&L INTERNATIONAL ENTERPRISES, INC.,
SIGNATURE LEISURE, INC., SIGNATURE
WORLDWIDE ADVISORS, LLC, STEPHEN W.
CARNES, LAWRENCE A. POWALISZ,
ENZYME ENVIRONMENTAL SOLUTIONS,
INC. and JARED E. HOCHSTEDLER,
Defendants.
---------------~/
Can anyone here show nme where CXAC is a NAMED DEFENDENT???
I think everyone should stop discussing this matter
They are named NOWHERE!!!!!!!!!!!
Follow up on Meaningless lawsuit:
My take is CXAC and Jorge not even mentioned this time!
No LIABILITY on this one FOREVER!!
see SEC Disclosure
http://www.sec.gov/litigation/litreleases/2009/lr21231.htm
Today was a triple header ALL GREAT NEWS
GLTA
More Information aBOUT THE sec LAWSUIT
WAS READING THIS ARTICLE ON THE WEB:http://www.pepperlaw.com/pdfs/PEU0208v2.pdf
BASICALLY IT IS TELLING EVERYONE THAT IN FEBRUARY 2008 RULE 144 HOLDING PERIOD WAS SHORTENED TO 6 MONTHS IF COMPANY IS CURRENT IN FILINGS OR WORST CASE SCENARIO then ONE YEAR HOLD
BEFORE WE SELL cxac DOWN THE RIVER it looks like the defendants may have relied on these new rules and have done nothing wrong at all, or maybe they violated them accidentally. Regardless CXAC sold their debt, which the SEC complaint states was over one year old and gave them stock. Seems SEC is arguing that they had to wait another six months at minimum to sell and they are arguing NO way the holding period was from the aged debt which was more than a year so we tack on and can sell asap!
MY take is this will be in court for years and CXAC will either be long gone or a thriving Company trading on OTCBB or nasadaq by then..
the bottom line is the Company DID NO WRONG.. it boils down to either an interpretation of the law, a smart lawyer finding a loophole or the SEC wanting to shut done this type of debt wrap transaction
Frankly who gives a SHIT!!!
end of the day I'M worried if JORGE sells 500 pieces by 9-30-2009 as he promised .. can he launch second product and make money over next 60 days and will the Commercials make us money
if all these answers are NO then I will tell everyone DUMP your position !! IF not this could be a BIG WINNER
weekend thoughts on the lawsuit
I am no legal expert but if you read the SEC lawsuit they are going after the Distributors of the shares only.
First its only a civil lawsuit and those guys have their own high powered lawyers to defend themselves. There is no criminal claim here wahtsoever.
Unfortunately Jorge and CXAC did business with them in an honest effort to raise capital for a company that AT THAT TIME was busted with no cash and almost no hope of survival!
I am sure the SEC investigated Jorge before deciding not to name the Company. there was no conspiracy!
in fact according to the complaint the SEC is mad because these guys sold before the 6 month minimum holding period. had they waited that long or longer there would be no case at all!
Finally they probably relied on a battery of lawyers when buying the shares at a discount and some law firm wrote an opinion so its not so cut and dry that they violated any rules at all!
it will take years in court to flesh it our meantime CXAC must sell product and make revenues to see its stock go up
I think we should all move away from the lawsuit mess since it has no future effect on price movement
what would happen to the stock if those guys win in court .. absolutely nothing since they sold over a year ago
focus on whats at hand,,
pink sheet update ..product launch and september actual sales!!
finally the transfer agent for cxac was not sued either which is a great sign that they also issued stock properly or at leasst they thought so..remember they have lawyers too who would have reviewed the docs related to the transaction before shipping out about 25% of all the shares in the Company
there are so many layers here that my take is jorge is clean and the SEC is very unhappy with these guys allegedly abusing the rules to get an advantage over the public and many of us
only TIME will TELL!!
needs at least another 100-150 million at .0005 to move to .ooo6!
i know i have a gtc at .0005
important news about yesterday's volume
to all the longs here : my group was the main reason for the volume. No insider selling. We lightened up to the tune of 70,000,000 million shares all on the sell side at .0004 and some at .0005
I think Jorge is great but I am concerned about additional dilution for the lender and the commercials. If he sold say 500 units for the entire month of september he raises about 30,000 in cash less costs so say he nets 20K.. he needs money to r=un the commercials.. I forsee another increase in AS within the next 120 days so i want to trade this ..if we dip to .0002 I will buy it up again
My opinion only.. need to see big volume on the upside where we break out of the .0004-.0005 range.. otherwise it may waffle here for a few weeks
as a trader I like the security of little volatility but the charts indicate it could break -down!
from teh last financial report: run away from this crap!!
NOTE I - NOTES PAYABLE
Notes payable at June 30, 2009 are comprised of the following:
Note payable to lending institution, original balance of $980,000 interest at 7.5% per annum. Requires monthly principal and interest payments of 6,852 through 2034. Collateralized by building These payments have been reduced to $4,100 per month thru August of 2009.
$ 762,715
Mortgage on property held for sale 4.75% interest only till 2011
496,000
Convertible debentures payable to an investor group, interest at 12% due no later than by December 31, 2011.
1,108,334
Convertible note to investors past due 20% interest
30,029
Credit line from a bank up to 500,000 interest only at one percent over prime.
517,065
Total
$ 2,914,143
Less current portion
1,161,669
Total long-term portion
$ 1,752,474