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The filing you posted was from March. There hasn't been a huge dump yet. Why would it happen now, or at all for that matter?
Because CD financiers always get paid. They don't care about the success of the company, they care about making money.
Feel could simply pay off the note as scheduled.
Have you researched how well golfing eqpt sells during a depression?
As far as the quote above, it seems the market disagrees with that. Volume was huge and new investors are coming in.
Yep, and when the PPS reaches a target, whoever has manipulated it will unload.
Such nonsense. The AS was increased by 20-fold in order to accomodate all the stock being converted/issued. It's massive dilution, plain and simple.
Here's a better link for insider transactions... Notice all the stock AWARDED (given away).
http://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001141673
Also, you are incomplete with your description of the CEO's stock. First, he holds 13.5 million shares. Second, those 2.5 million were the original shares being offered by the company in it's initial S1 (originally priced at $1.50)- that stock was registered for sale just last month. $60k was a small price to pay for the pump value that transaction presented.
http://www.sec.gov/Archives/edgar/data/1141673/000114036110032494/xslF345X03/doc1.xml
Same tactics used by JBII, but with lots more toxic debt.
Why do you think this was done:
We do not know if or when any restricted shares will hit the market so I would not speculate. Here is a link to a post you may find interesting.
Afraid not. I'm just looking at the CD details for the $100,000 note they sold in March to Long Side Ventures LLC (only one of several CD's issued recently). The holder can convert to common at any time and gets even more each time they issue more stock (hence the term "toxic death spiral"). Do all of their CD's have this clause? The couple I just read do... This is being set up for a big dump soon.
Those were only the last two 8K's. Go look at all of them. Millions upon millions of shares have been issued to insiders and sold at a discount to financiers in this company's recent history. There's no telling how many are coming off restriction now (I just started researching their filings).
http://www.sec.gov/cgi-bin/browse-edgar?company=feel+golf&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
At first glance this shell has the same securities counsel as JBII and went through the same string of shady accountants at the same time as JBII. Serious red flags there. On the bright side, these convertibles are priced at a percentage of the market price (instead of a having a fixed conversion price), which provides a nice incentive to manipulate the PPS very high so they don't have to issue as much stock. If there's not many available to sell at the moment this could go much higher. However, if restrictions are being lifted now then the dump phase will begin very soon.
Has anybody bothered to check their SEC filings? They just issued a bunch of convertible notes and 8 million shares to employees. Toxic death-spiral financing at it's finest. No wonder it's being pumped...
Yes, it's only purpose is to hopefully attract new "investors" who might absorb the stock they need to sell in order to continue operations.
No he is out of ammo so he has to lie about things.. The board posted emails from NYC marketing with all the facts, they were contacted my a third party not MOP and it was in June not August lol it brings me joy when he comes around
Not quite:
unless you have a link to support this new claim move on..
Why yes, I do. Aug 31 (last week), not June:
Ever hear of NYC Marketing, Inc.? They promote a bunch of shady penny stocks and were paid $3,500 to promote MOPN on Aug 31.
That email is a total lie. The chairman of the board would know exactly what the OS is. The number on Pinksheet.com is derived from a 3-year old filing when the OS was last reported at 60 million. Then they went dark and the OS ballooned to its maximum of 500 million. That's why he r/s'd it 100:1 and the TA reports a 5 million OS now.
It's time to run from a stock when mgmt so blatantly lies to its shareholders in direct communication.
Don't look now, but the promo already happened. There are bagholders every time with these scams, this time its you. Enjoy.
Where'd everybody go? Seems like only 3 days ago there were 20 people here posting about how great a company this was - wait, that was only 3 days ago....
This was a pathetic attempt at a pump-and-dump. Amateurs.
Of course the CEO knew the OS all along. Shareholders should demand his resignation for incompetence if he didn't. He would have known exactly how many shares would have to be issued immediately after the R/S to convert warrants too. He's obviously in on the scam here.
The float isn't tight at all. The OS has increased 800% in a week and most of the pumpers from a few days ago have vanished.
Pump-and-dumps don't get more obvious than this one.p
well if your not long you will regret it in my opinion , i still hold long and strong and for the record if you think 125k hurts try a mill plus . not quit for the weak at heart but nothing worth owning is . so Steve have you bought the bag of mop yet we are still trading and no retraction of news like you said would happen but then again nothing you have said has been accurate now has it Steve .i thought you where going to let everyone know when the booms got there they have been there for 2 weeks Steve maybe you should check the manifests and not just run your mouth .i have a confirm on that how about you Steve .not opinion but fact Steve . i would not be surprised if we see a government order in the near future either now that is jmo and not fact yet.
Say, how did all that work out for you?
P.S. I told ya so. STOCK-SELLING SCAM!
mm's don't have any inventory,,,load em' up cuz we're running the rest of the week, imo.
MM's aren't allowed to hold inventory in pinksheet stocks. Just another hype-tastic myth intended to deceive people who don't know any better.
SteveF you are a silly child. It was never 6mm shares or whatever you claimed. It was 500mm. I had 50mm of them myself when it was IFHR so I think that answers that, no?
Um, no.
http://www.otcmarkets.com/stock/IFHRD/company-info
Is it normal for the Chairman of the board to send out tweets like this?
Ha! That should remove all doubt about this scam.
No trades in two hours? What happened? This is the best they can do on a PR?
I called the TA. They are the definitive source for a company's share structure. It is a fact that the OS today is 5,000,000, up from 603,000 a week ago.
When you have more experience in the pennyland gutter you'll learn that a pinky CEO is the last person you'll want to ask for reliable DD.
Those explanations cannot be true. According to Pinksheets.com the 100:1 R/S brought the OS down to 603,784 - meaning it had been 60,378,400 prior.
The 5 million number reported by the TA is no mistake - likely the result of warrants being immediately redeemed and new stock issued for them.
The O/S is 5,000,098
The OS was about 650,000 on Aug 25. That's 800% dilution IN A WEEK!
They had to have been issued as conversions, otherwise they would be restricted (we know they are free-trading by the volume the past few days).
I just tried calling. First, that number you posted is old and has been changed. When I called the new one they wouldn't give me any info.
Are you sure whoever posted that didn't make it all up? Why haven't you tried calling? Believing anonymous message board posters is usually poor investment strategy.
Why not just ungag the TA so anyone can confirm the SS whenever they wanted?
There's only one reason to gag the TA: DILUTION
Only $1700 traded so far and PPS is down another 30%. Ray Charles can see what's happening here.
all they want to do is to gain control of stock board so they can do whatever they want, at least in short period of time
What does a message board have to do with the success of a company or the honesty of it's management?
The only ones who get upset by critical thinking on these boards are those who depend on them to attract new buyers to absorb their dumpage.
If evil bashers only post to destroy wonderful penny stocks, then what's the motive for those who pump? Are we to believe that instead of keeping quiet and buying as much as you can you'd rather just make the rest of us rich?
the world is much uglier than most people think, especially at stock market
If you witness somebody about to get mugged on the street, do you:
a.) try to help and warn the would-be victim
b.) pretend not to see anything, ignore it and keep walking
c.) stand by until the mugging is over then pick over the victim's corpse for any loose coins that the mugger may have left behind?
If there is proof that the float is 5 million than this will run.
Math shouldn't be your enemy here... Since the AS has been 500 million since 2008 and wasn't adjusted by the R/S, it's not physically possible for the float to be 5 million following a 100:1 reverse-split... An equity's "float" is the amount of free-trading stock available for sale (OS minus restricted equals float), so for the float to be 5 mill that would mean that no restricted stock exists.
Here's my guess: the OS was maxed-out at 500 million so they R/S 100:1, bringing the OS down to 5 million (for maybe an hour or two). That R/S immediately triggered the conversion of warrants/options still held by "investors" of the shell pre-merger. Such warrants/options weren't affected by the 100:1 split ratio so we're probably talking millions upon millions of new shares issued to these insiders last week while existing retail shareholders had their holdings reduced by a factor of 100. The only meaningful supply of shares available for sale to the newbs attracted by the manipulated run-up would have to come from those insiders. When the supply of newbs buying their stock dried up the PPS couldn't maintain it's artificially-inflated price for more than a couple hours.
P.S. If the OS is more than 5 million (and that's what you're suggesting when you say the float alone is 5 million) then that proves they began issuing new stock immediately following the R/S.
P.P.S. I just noticed Pinksheets says the OS is 603,784 as of Aug 25. That would make the pre-split OS 60,378,400. 4.6 million shares issued last week (an 800% increase)?
Date Open High Low Close/Last Volume
09/07/2010 0.05 0.11 0.035 0.035 981,893
09/03/2010 0.009 0.059 0.009 0.045 994,912
09/02/2010 0.0075 0.009 0.0055 0.009 143,500
09/01/2010 0.009 0.009 0.009 0.009 2,400
08/31/2010 0.009 0.009 0.009 0.009 2,280
08/30/2010 0.009 0.009 0.009 0.009 37,500
<<< 100:1 Reverse-Split >>>
08/24/2010 0.01 0.01 0.01 0.01 59,000
08/23/2010 0.02 0.02 0.02 0.02 85,000
08/20/2010 0.01 - - 0.01 0
08/19/2010 0.01 - - 0.01 0
08/18/2010 0.01 0.01 0.01 0.01 5,000
08/17/2010 0.01 0.02 0.01 0.02 1,097,995
08/16/2010 0.01 0.02 0.01 0.02 9,850
08/13/2010 0.01 0.02 0.01 0.02 7,050
08/12/2010 0.02 0.02 0.02 0.02 20,000
08/11/2010 0.02 0.02 0.02 0.02 2,000
08/10/2010 0.01 0.02 0.01 0.02 33,750
08/09/2010 0.02 0.02 0.01 0.02 2,228
08/06/2010 0.02 - - 0.02 0
08/05/2010 0.01 0.02 0.01 0.02 10,000
08/04/2010 0.01 0.01 0.01 0.01 6,000
08/03/2010 0.02 0.02 0.01 0.01 367,298
08/02/2010 0.02 0.02 0.02 0.02 10,200
07/30/2010 0.02 0.02 0.02 0.02 6,000
07/29/2010 0.02 0.02 0.02 0.02 5,800
07/28/2010 0.02 0.02 0.02 0.02 149,367
07/27/2010 0.02 0.03 0.02 0.03 15,617
07/26/2010 0.03 0.03 0.02 0.02 99,719
07/23/2010 0.03 0.03 0.02 0.03 117,291
07/22/2010 0.03 0.04 0.02 0.03 267,313
07/21/2010 0.04 0.05 0.03 0.03 1,135,948
07/20/2010 0.10 0.14 0.04 0.07 4,188,394
07/19/2010 0.04 0.13 0.04 0.12 955,497
07/16/2010 0.05 0.05 0.04 0.05 184,850
07/15/2010 0.04 0.06 0.04 0.06 333,360
07/14/2010 0.02 0.05 0.02 0.05 1,525,708
07/13/2010 0.02 - - 0.02 0
07/12/2010 0.02 - - 0.02 0
5m is still a great sized float but disappointing having a gross miscalculation coming from a transfer agent at this point in the game, after verification twice. very discouraging.
Raymond Barton
COB
Rhino Human Resources, Inc.
Please explain how the Chairman of the Board doesn't know EXACTLY how many shares are outstanding? The TA only processes information provided to them by the company. Red flags don't get any more glaring than that.
Why the volume surge today?
It is possible that he was snowed and was just presented an offer he couldn't refuse. In that position I can't really blame him for not doing the DD.
Having followed this closely during that time it all just seemed very convenient.
Anything illegal? I bet he did but it'll be impossible to prove. Just remember that the acquisition occurred after the ludicrous sales projections. Celia would have known exactly how much product had been ordered/sold by SPNG (hint: less than $70 million or whatever retarded number they announced).
The funds raised from stockholders based on those numbers went into his pocket.
Heaven forbid I agree with Dpilon but you can't convince me that celia wasn't aware of what was going on when SPNG acquired Dicon.
I sold fas way too early myself - didn't expect that unemployment report to be cooked the way it was. Faz at this level is a no-brainer. I guarantee it sees $18 again before the elections (I've never guaranteed anything in the market before but bankers finance campaigns and even if there isn't an emergency they'll make it appear so before Nov.). I don't think it'll go below 13 but it might. Just buy in chunks as it hovers at these levels. I'm buying until $14.
It was entirely predictable. This pump was designed to dump as much stock as possible since the lawsuit will wipe out share value. The OS will have to more than double.
Just shameless.
Wow, this is one of the most shameless pump and dumps in a long time. Well done? How many people are believing the lies I wonder...
Well, who knows? He's been making a fool of himself for years. But that's normal, for an Xer.
Many professions require the person to make a fool of themselves. Lying to people on the internet hoping to take their money is just easier and more lucrative.
Actually nobody is buying this garbage.
Who is going to pay for GFGU'S app when Google offers a superior equivalent for free?