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I agree completely. This exactly what he told me two months ago. He said he just wanted to get it trading on the pinks again. He also insisted that all SEC allegations were unfounded, and that Cris Galo was a real person, and was indeed the CEO of BIHC. However, at that time he also told me he had no intention of taking over as CEO of BIHC. Guess minds can be changed.
SpongeBath
What part of civil do you not get? Civil means suit, and/or fines. Criminal means jail. This is civil.
SpongeBath
Why though? What's with the I told you sos. Is this some kind of victory? One would think from what is here to read, that this gives pleasure to some. Why? If all of you were hear to save us, and some were not saved, wouldn't this be a day for condolences?
It just seems like a bunch of people dancing on a grave.
By the way, there is still such a thing as due process. There is also the possibility that after some hand slapping, or even management changes, that SPNG will continue, and be restored to the OTCBB. This can not be out of the question.
JMHO,
SpongeBath
Liable, could you please give some examples of Ed's MO? I believe he has sold shells in the past, but it would then not be he who done the reverse splits, or dilution. It would be the company that bought the shell.
Has Ed ever been a CEO of a public company, and if so, how long ago?
Would appreciate a sincere answer.
TIA,
SpongeBath
I'm holding out for $4+, and the return to the NASDAQ.
SpongeBath
Actually, doesn't this blow a past statement out of the water. I could swear I read someone saying that Ed was forbidden from ever running a public company again. Guess that was a lie.
Oh well.
Turbo, maybe I just haven't found anything yet, but could you give some examples of how Ed has done this in the past with any other public company he has run?
His current business is investment banking, and from what I can tell, they invest in public companies. That usually means that if the stock goes down, he loses money too.
He isn't the majority stock holder in BIHC, Cris Galo is. If Cris Galo didn't exist, how could he put out this PR? The SEC has just concluded their investigation, and the identity of the CEO was one of the issues. Do you really think they would commit the same offence, in the face of the SEC? How could Cris put out this PR if he was not a real person?
I'm just asking?
SpongeBath
They are no less reputable that a tabloid rag, like the New York Post.
SpongeBath
Thanks, that is an excellent point made by that poster. Of course FINRA can hold things up, and that has been the crux of this discussion. Is this nuf said? I hope so.
SpongeBath
I have said, "Thanks, I will", and I will. I'm not saying they will tell me anything different than they have told the others. My point is, it won't really change, or solve anything.
I don't think the "geezzzz .. just freaking call" was necessary.
I'm not trying to be confrontational. Seriously!
I thought extraneous flames were unacceptable on IHUN boards.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34722402
SpongeBath
I think the point is that some here are saying all I have to do is call FINRA, and ask if SPNG, or an MM on behalf of SPNG has filed a 211, and they will just tell me. This is essentially meant to blow that assertion out of the water. Maybe FINRA will tell me the rules they have to follow, but I don't think this will really answer anything.
JMHO,
SpongeBath
Not while SEC is sitting in their boardroom, and going through their records department. It's kind of like extortion, or blackmail.
As I said further down in the message, it has been asserted by Furth, and others, that these entities are in talks with SpongeTech, and FINRA is the holdout. If talks break down, I guess anything is possible.
SpongeBath
I said I could provide links to violations of law/rules, by SEC, FINRA, brokers, and MMs. I guess now is the time to do so.
http://www.cbsnews.com/stories/2009/05/14/cbsnews_investigates/main5014672.shtml
http://www.reuters.com/article/idUSTRE54E02S20090515
http://www.brokernewsblog.com/index.php/20091204261/Broker-News/News/FINRA-Execs-Rake-It-In-While-Losing-Record-Amounts.html
http://www.usnews.com/news/national/articles/2009/04/29/economys-sharp-contraction-deflates-hopes-that-decline-was-ending/comments/
Like I said, McDonald's could be putting horse meat in Big Macs, but if you called a McDonald's, and asked if they were, do you really think they would know? If they did know, do you think they would tell you?
This is also in response to message #273685 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44990788
SpongeBath
I will, thank you.
Just one thing though. Large fast food chains have strict government guidelines, and rules to follow, but are found in violation all to often. This doesn't even include the times they are not caught.
FINRA, and the SEC could be violating rules every day, but there is no one who will enforce those rules. They are the enforcers, along with MMs who have been given much of the power to police themselves as well. Oh sure the I.G. catches someone in these agencies once in a while, and some hands are slapped, but that's about it. I will provide links if need be, but I think most of what I am saying can be easily found on the Internet, with some simple searches.
SpongeBath
I agree. This is kind of like someone saying there is horse meat in a Big Mack, and when asked for the source of their information, they give you a list of McDonalds phone numbers.
If one contacted FINRA, and asked them if they are holding up SPNG's 211 filing, or can they hold up a 211 filing, does anyone really think they would tell us?
SpongeBath
This is Turner Hughes actual website.
http://turnerhughescorp.com/
This is still great news. It brings the price/value up based on P/E. Higher earnings means higher price.
This company got knocked off of the NASDAQ because the fell below requirements for listing. All they need to do is get above $4., and back to the NASDAQ we go.
I think they should be doing everything they can to get that price up. A divi would be nice for shareholders, temporarily, but would add no value to the stock itself. This company's PPS is going up based on fundamentals, and we will reap the rewards for being patient.
JMHO,
SpongeBath
Actually FINRA is a private company doing government work.
SpongeBath
Actually, the big lake outside my back door floats my boat lol.
I'm sure that buyers are trying to get the best price they can, and only occasionally have to move up to .05 to fill their orders. I don't blame them. Buy low, sell high. Isn't that how it works?
SpongeBath
Puppydot, I must have missed something. Could you please show me where the .o4s are collapsing? I see a low of .04, and a high of .05 today, just like everyday.
I'm sorry, I guess I should be asking timetomakemoney.
TIA,
SpongeBath
Here is the response I received from Beverly Jedynak:
Flag this messageRe: Re: Paula Deen Branded ProductsWednesday, December 30, 2009 8:33 AM
From: "bjedynak@janispr.com" <bjedynak@janispr.com>Add sender to ContactsTo: "XXXXXXXXXXXX" <XXXXXXXXXXXX@sbcglobal.net>
No. The company gets the dividend and it indirectly affects the shareholders in a positive way.
--------------------------------------------------------------------------------
From: XXXXXXXXXXXX <XXXXXXXXXXXX@sbcglobal.net>
Date: Wed, 30 Dec 2009 08:17:36 -0800 (PST)
To: Beverly Jedynak<bjedynak@janispr.com>
Subject: Fw: Re: Paula Deen Branded Products
SpongeBath
Morning Money. Don't want to debate this, but it doesn't state anywhere in the PR that a dividend will be paid to SYBR shareholders. In fact it states that the dividend they received will be added to Q4, and fiscal 2009 results.
The special dividend and operating performance should allow the Company to report record results for the 4Th quarter of 2009 as well as the fiscal year. The Company has already reported that it expected a strong fourth quarter without the dividend received from PERX.
I will email the company today to get a clarification.
SpongeBath
Money, cautionupahead is correct. This is not a dividend for us the stockholders. It is a dividend paid to the company on their investment in PERX. This is great news. It adds $622,500., or a little less than .04 per share to SYBR's bottom line. This should increase stock value based on P/E.
Maybe they will pass this on in the form of a dividend to SYBR shareholders, but that is not what this PR is saying.
SpongeBath
The only involvement he had until now, was that he had put the deal together to take Baron Intl. public under the PRSU shell that became BIHC. He as been friends with Ingala for 30+ years, and thought he was helping his friend to retire.
He has been acting as a consultant to BIHC, to help them get back to trading
It was bashers, that painted the ugly picture of Ed Hayter. Of course, once they convinced everyone that Ed was this horrible person, No longs wanted BIHC to be associated with him. The fact that he provided the shell for the deal was disclosed on this board while BIHC was still on the Pinks. Many longs knew this to be true, but that it did not constitute involvement in the company.
To date, no one has ever produced any evidence that Ed is some kind of scam artist, or even a bad person. I have spoken to him on several occasions, and I find him to be a very good man.
I for one, am glad to see him step up, and run the company. He is extremely qualified IMHO.
SpongeBath
You can call him at 877-991-8188.
Thanks Puppydot, I just wasn't sure.
SpongeBath
A 13g has to be filed within, and every year. A 13d has to be filed within 10 days of acquisition.
I'm not sure what you are trying to tell me in your last post. Is it an argument, or disagreement? I can't tell.
SpongeBath
The difference is the timeline of acquired ownership of 5% or more of a public company's O/S.
SpongeBath
The Schedules are filed by entities or individuals with "beneficial ownership" of stock in a corporation. Generally, Schedule 13DSchedule 13D
An form that must be filed with the SEC under Rule 13D when a person or group acquiring more than 5% of any class of a company's shares to disclose this information within 10 days of the transaction.
..... Click the link for more information. is field by any person who acquires registered stock if, after the acquisition, the person owns 5% or more of that class of stock. Schedule 13D must be field within 10 days of the acquisition. Schedule 13GSchedule 13G
An SEC form similar to the Schedule 13D used to report a party's ownership of stock that is over 5% of the company. Schedule 13G is shorter and requires less information from the filing party.
..... Click the link for more information. is a yearly reporting requirement for beneficial owners Beneficial Owner
A person who enjoys the benefits of ownership even though title is in another name.
Notes:
For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial of 5% or more of any class of registered stock. Schedule 13G must be filed by February February: see month. 14 of the year following the calendar year covered. Because the Schedules can be field by entities such as investment advisers (who have no direct ownership in a corporation but instead hold stock for their clients), it may be necessary to attempt to obtain more detail regarding the filer. Temp. Regs. Sec. 1.382-2T(k)(3) states that taxpayers have a duty to inquirein·quire also en·quire
v. in·quired, in·quir·ing, in·quires
v.intr.
1. To seek information by asking a question: inquired about prices.
2.
..... Click the link for more information. as to the ownership of their stock.
If you file a 13d, it gives you some rights to company information, such as being able to see the share structure, and books. Since he has been buying all this time, I feel we can assume he likes what he sees.
SpongeBath
Let's see, the population of Hong Kong is about 7,000,000, and Japan is about 127,000,000, and China has a burgeoning middle class.
Increasing prosperity among the Chinese populace is creating a new market for Western retailers who previously envisioned China solely as a supplier of goods. The burgeoning Chinese middle class also creates opportunities for Western financial services providers and insurance companies, automobile manufacturers, and affordable luxury goods producers, such as cosmetics companies.
http://www.wikinvest.com/concept/Rise_of_China's_Middle_Class
I found myself a bit out of place last night as I went to TechCelebration, the Northern Virginia Technical Council's big annual event. I'm not going to lie; sitting at a table with hardcore technology geeks is a little intimidating for someone who has trouble fixing basic computer problems.
I was excited to hear General George Casey speak about the future of the Army ... and he sort of did. Gen Casey broke his speech down to answer two distinct questions: How is the Army doing? And where is the Army going? Most people would assess present capacities and shortcomings before offering a future plan of action, but Gen Casey took a different tack.
He described what he believes to be the future operating environment, one filled with ideological struggles with opponents that need to be defeated. He looked at how globalization, technology, and demographic trends will all result in an increase in urban conflict. He went a bit further to predict that we would have "a decade or so of persistent conflict" with violence to achieve political and ideological goals. Mostly things you can read in the JOE.
The nugget of his speech that really struck me though, being a "natural security" nerd, was when Casey said that the "middle class in China is larger than the entire population of the United States; this will increase pressure on resources." A few sentences later he listed this as a source of future conflict.
While Gen Casey was certainly not saying we are about to go to war with China, I thought it was quite telling that he is watching global resources of raw materials as a source of conflict.
Now don't get me started on India lol.
SpongeBath
I think it's obvious that not all of the distributors are "North American" companies. That doesn't mean they don't distribute in North America. Besides we have established that SpongeTech products are available in Europe, and Asia. Not to mention the fact that Internet products are sold all over the word.
SpongeBath
OK, now that that is settled, can anyone answer this question I posted? http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44839492
TIA,
SpongeBath
Could they have really made individual deals with all of these retailers, or could these retailers have gotten SpongeTech products from some of the wholesalers that some are saying don't exist?
SpongeBath
And, they haven't even talked about the motorcycle market. I was told that this is something they want to add to their
super store/mega mall plans.
SpongeBath
Hey MONEY, does this have anything to do with SYBR? Do you know something we don't? Is Tony moving over to Synergy Brands?
TIA,
SpongeBath
I could see someone like Treehouse Foods (THS) buying them out, since their top line growth is so small, and SYBR's is huge.
These big, stable companies are always looking for ways to improve growth IMO.
SpongeBath
I completely agree SD. MMs are definitely up to something. I do see some buying at, and below the ask, but since I bought some yesterday, I think I will watch for a while to see if this turns, or at least settles down before I buy more.
NITE sitting on the bid, and the ask is never a good sign IMO.
SpongeBath
That's true, but cash dividend would be much better. They need to get this above $4.00 to get back to NASDAQ, and that is much easier with this small share structure IMO. Once they get back to the NASDAQ, and the big bucks start rolling in, I'm sure there will be forward splits.
SpongeBath
I'm not on the fence. This stock has more potential than any I own right now. Today just seems like a good day to go back to bed lol.
SpongeBath
Thanks, but today is just plain ugly. MMs shorts, or someone is having a field day. Hope they get what they want soon, so this can move back up. This can't be profit taking. There's just none to be had at pre split .90.
SpongeBath