Next stop ten cents!!

I don't remember it going down like that...

I have a feeling we will get some positive news soon and this will begin to rise from the ashes, once again. Its been far too long coming...

Is Sherm still running this company or did he pawn all the used electronics and head for the border?? What is going on here, anyone talked to the Co lately?

No financials or even an update on this ridiculous Gasket Guys lawsuit? Lol

Y'all realize that this IBM isn't the business model, right?

Sarcasm my friend. I've all but given up hope on this one. I'll let it sit in my account for another 5 months and take the right off...

There's absolutely zero reason for the delay in filings. At worst, throw us a bone and drop a PR explaining why.

I guess these guys shut off the lights, eh?

Exactly.

My point being that their excuses are BS...

Why does QSGI and their counsel think this a joke? Failure to appear to a deposition? Sherman was probably out playing golf and counsel was probably fixing a speeding ticket ...

Glad you dropped in to share your wisdom with us. QSGI is a better place with your expertise.

What a joke this has become... Sherman. Asleep at the wheel...

Might file another suit for fraud based on these elusive financials... What. The. F.

The infamous conference call, of course, among other sources.

You do realize that they are turning a decent profit, correct?

005?? Wtf??!!

+1 on your final sentence

Good post, interesting points.

Would be beautiful if we could get the financial filings that were promised months ago. If they are remotely close to the #'s discussed in the last conference call this is going to be a quick 10-bagger from these levels.

This.

If you read the filing its crystal clear that the attorney's schedule warrants the granting of the requested extension.

Wow. Just got filled at a point I thought we would never see... wtf is up with this lack of financials and contact??

Or maybe tourniquets to control this bleeding!!

A) why did they resign with 4 1/2 years left on their employment contract

B) why did they personally guarantee the new bank note as the seller???

100% truth. It's too bad that they can't try to operate a legit business, as I believe their product could be a hit in a market flooded with similar products. Bunch of thugs in bed together on this one. THIS WILL NEVER CHANGE ON HFBG.

With this new lawsuit surfacing it almost seems as if all recent PR's have been pushed out under advice of the attorneys not management. Maybe they can actually inform us of the state of the business for once.

Jfc... hopefully they're suing because the share price isn't $1+ and not something real! C'mon Sherm........

Most likely the company or one of their toxic lenders who got them at a fraction of that. No retail player is selling here at 1 with this "volatility", if you will.

Aint that the truth. Same boat here. At least I got in a little cheaper than most and have been averaging down with a little sprinkle here and there. Still have faith in the company long term, but at this point a break even would be great.

Anyone getting an ad at the top of their google search results for "qsgi ihub" that states "SMS Acquires QSGI | sysMaint.com, QSGI's mainframe talent, customers, and capabilities are part of SMS"?

Is this something old that I'm missing?

That's a lot of new shares to dump to make up for. 855,000,000 shares in fact.

Has anyone been able to confirm placement of new product from these most recent PR blasts? What's the shelf life anyway? Seems the tea must have been sitting in a warehouse for quite some time now... are they going to just relabel the old bottles that were never placed??

Nice dig. Do we know any additional terms of the lease?

Hopefully they understand that this type of 8k demands a follow up PR, else this ship is going to continue to sink slowly I fear.

They will always be there behind the scenes, don't let this new PR fool you. They have done this EXACT same thing multiple times over the past several years. EXACT SAME THING.

What did Thrasher do at PepsiCo? Wasn't CEO I'm guessing... IT? I understand its difficult to find good talent these days, but trying to spin it differently is bad business. I am asking this question seriously. Please respond if you know for a fact what his role with PepsiCo was. TIA

If you are investing in this stock, PLEASE PLEASE PLEASE do yourself a favor and do some historical research. Look at past PR's, look at past ihub posts, don't get burned here. HFBG is never going anywhere. These guys are masters at drawing in and stealing your hard earned money.

Mods please don't delete this post. People need to be informed here.

You'd think Marc and his crew could pony up 17,000 shares of their 190,000,000 to throw us a PR.

WHAT A JOKE THIS HAS BECOME.

The 10Q's for 2nd, 3rd, & 4th quarters 2011 as well as the 10K for 2011 (which was due 60 days into 2012 AFAIK).

Well said. I feel the exact same at this point in time.

It's called calculated risk. High risk, high reward. IMHO this is currently trading at about 15% of its current market value, based on unofficial #'s discussed in the conference call months ago. What the hold up is with the financials, only god knows at this point, but when they are finally filed this is going to EXPLODE based on REAL, TANGIBLE FUNDAMENTALS. Could it be tomorrow? Sure. Friday? Sure it could. End of May? Sure as hell hope not, but it could.

I'll buy another million if we hit double zeros... Hoping it doesn't happen, but hey, who knows at this point.