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Sorry for your loss.But would you remember when you would support that biggest supporter of this stock and go after people who dared to raise any doubt about this stock or its Managers.
You object to Robins post for being negative and personal attack. Price going from .32+ to .037.,and the angle of slope down hill.
How is it a crime to say that thing are not good.
Especially when a person sets himself up as a sacred cow and starts beating on every body feeling some concern about their investment.
Blaming others wild accusations BSing and bad mouthing.I didn't see you objecting to that.
Would'nt it upset a person to retaliate with anger. After all it is just a penny stock.
Is Ihub some one's DAD property so they can say go away, I don't like your comments.Freedom of expression for one and than try to muzzle another?.
CN,I tried to extend some courtesy and respect to you. But it seems you are too stuck up with your own importance.
Yes I bought this stock not based on your evaluations but the fact that it has gone down a lot and coupled with the fact that they might come up with that mmj product. And that it might take a while to consolidate.
Hope we donot have more interaction.
Is it true that the share price came down from .32+ per share to .04 per share.
Is it true that people are looking at it now because it may be the rock bottom.
Is it true that your CEO as cfo was part of that team that signed on that contract with Martha that gave all the profits away. Was there a clause that company will pay from profits or sales for a certain period of time.
Is it true that your CEO went on vacation as soon as he got promoted rather than look after the company.
Still I will say I donot believe in fighting unnecessarily,being civil does not harm any body.
People feel some thing they say it, you may not agree with it let it go.
I just said whatever I said because people put their hard earned money in a stock and than 'they' come in 'short' and walk away with money.Now as soon as it goes to.07 they will be back again.
Hey CN,
I stand chastised. I think 'shorting' should be illegal. Period.I still respect your DD.
But.
Share price is under attack because 'they' know they can get away with it.
Finally may I respectfully say that you do not need take that aggressive approach with every body. People are provided with reasonable intelligence by the grace of God or nature what ever you believe in.
I donot short. Without prejudice.
Since it is so quite, I may respond to your very thought out response. And I agree with your thought process.
But, actions have to be adjusted according to situations.
If you are at the front and CO is providing you all the AMMO you go for your assault.......HIT the ASK. And see them run. May be possible.
But when you are at front with NO ammo. No news no hope and the CEO takes pride in being aloof. Would it not be prudent to fall back let the enemy advance stretch his resources.
Retreat dig in fight at .025- .03 area, You get more shares for your money, and they will have lot more area to cover on retreat.
CN and other longs,
We take a risk when we buy into these penny stocks and try to hope that product will be accepted and used and meet competitive productive challenges.
Than there is predator and prey, theory, people looking for weaknesses.
Clever shorters start shorting before others and are out before more join in. Holding banks up is illegal but shorting is legal. It harms both the businesses as well as the shareholders. some are still shorting or selling at this price.
If you believe in the company, know their future plans are good, why not help the shorters and sellers to get rid off of the stock they don't like. They have brought the price down by constant selling.
Let us bring it down by buying only at the bid?Keep lowering the bid let them sell at it and don't buy at ask.This way we will have more shares by the time the management can show what they are capable of doing.
And they will have to buy it back again.
Might sound a bit strange but might work for believers.
Zekester15,
Thanks for your input. Everybody's opinion matters. People here are trying to make a buck. They put their hard earned money at risk. They think things over, do what may be called dd and make a choice.
Some feel there may be a product and sales and value
AND especially in penny stock....if they can get in the ground floor...the gains may be comparable to the risks.
So a person says ok guys I am going for it.
Another person thinks, bottom line may not be so rosy and that the price is already too high so he 'shorts'. He needs price to go down for him to make a profit. He is legally allowed to do so.
So we play our game, buy or short.
Can we just agree to differ with mutual respect.
Thanks for being here ,CN. You are doing good work. Some times people have a different point of view but it is ok, it takes all sorts to make this world go.
Even you if I may take a pun.
You have been blaming the neck, and than go and get the surgery for lower back? Get well soon. Rest will be better than wasting your time on people who make it personal for no reason at all.
My respects and best of luck.
Number 17 on breakout board, gained 13.64 % for the day, may be time for shorts to start thinking, party may be over.
Should I preserve my gains?
Or continue shorting?
Take a chance on further gains?
And loooose the shirt?.
Thanks Ziggy, for that post that is almost 6o% short.
It may be better than direct sales.
Share price at the bottom of the pit.
What can one do from bottom of the pit.
I look around and see those 'Shorters' Sitting with us. At some point in time they might remember the old adage, STOP DIGGING, when.......
They may have to face the double whammy,Improving company health and their liability to cover their....and the short.
So let's tell the doubters we have no option but to look up.
Company has products.
has sales contracts
with reputed customers
Has plans for future products. And
Somebody is
Throwing shares away at what ever price he can get?
Does he know better than all others?
Is it an opportunity?
Have the share been so cheap before ?.
Could it be just a disgruntled ex employee with lots of free shares trying to discredit the company, by dumping shares and bring down the share value.
Otherwise there does not seem to be reason for prices to drop like that.
They have arranged financing and have a plan in place.
Why the dumping and at this price?.
CN hope you are getting better.
HiCN,
Thanks for detailed input about the company.
I HUB is a platform that is available to everybody to disseminate info about them without any cost.
Now there is another company whose Ceo is depending almost 100% on word of mouth spread by his grape wine, and the company has made no money yet QTM*.Granted that is using Ihub too far, but they have artificially created a great positive attitude towards the company.
But NRTI who must have spent some money at least for their presentation at Cardinal Health's RBC.And nobody knows what happened there.JMHO.
Maybe, he is busy to make good impression on his first
show, as the new chief, next week.
Wishing him all the best
What else should we expect?.
Crookedneck is quite familiar with the company and our new CEO. And he speaks highly of him.
CEO is supposed to be working for share holders equity, which is steadfastly going down.
Upon his promotion he proceeds on vacation, claiming he was tired struggling for the company.
Now he says he does not want to make empty promises. Share holders are adults he does not need to baby sit them.
He may be correct on that score. So just wait and see or pray?
Glenstock,
Your question is very valid and it echos the sentiments of a lot of people who have been duped.
Asking this question of jazz1 isn't putting any blame on him,it is just a way of asking every one here;
The real question,
Can we trust them,they have tasted blood and money.They know SEC is the hand maiden of rich and powerful,nobody can touch them.
Why not sell shares again,they can wash and rinse.
What can 'we the people' do.
Thanks tarkless,
Thank for your input.So it seems Mr.Greene bought those share for a controlling interest in the shell and sold Accubrite to LKEN right at the beginning.
And kept those different names dangling in there.It creates confusion.
Is there a place where we can see the ownership of Inkway USA Inc that says it is owned 100 percent by LKEN.
What lken Kenolova,
It is a conglomerate of lenny's cash cows.
He owns those companies outright.
He sold Accubrite to lken for S100,000.00.Even when the only thing he brought to LKEN was his knowledge and ability to produce ink which was linked to ACCUBRITE.For which he received all those shares that he dumped.
He still has:
Freeink for life
Inktelligence
Inkway USA Inc
And since he claims he is working for LKEN it entitles him to his salary of 120,000.00per annum.Since there is no money he can convert it into shares to give him complete control.
Have to agree we have a genius in our CEO.
Lken is no more.All we have is INKWAY USA INC owned solely by Mr.Greene.
May be you are speed reading just glancing over my message.
The fact that Accubrite was the only tangible thing he brought to the table and got his share in the company(2.4 0r 3.45 billion).That was the business he was engaged in.
Yet when the sources of revenues from sale of shares dried up he again sold it to LKEN for $100,000.00 and placed a charge on the company as preferred share.
And he is doing the same thing with Inkway USA Inc.Keeping it a separate company as his future cash cow.
One would expect him to show some restraint.Having taken so much from the company his confidence in his ability to con people is going beyond limits of decency
In case every thing is above board let him clarify that InkWay USA Ink is not a separate entity or subsidy and is just a brand under the aegis of LKEN.
And I will apologize for saying something that was not correct.
Jazz1,
Thanks for your kind words as usual.
But the concern his putting different names in business and than saying Oh that it was my business or my daughters or Betsy's
What did he bring to the table if ACCUBRITE was't part of the deal.
Now he is separating Inkway USA Inc.Which has all the new business.
He is doing it on the time of LKEN being paid by LKEN,Check annual report what are the 200 million shares issued for services.
Hope others agree.
Season Greeting and best of luck to you ,Mrs. and all.
Jazz1,
Iam sorry if it look like I am digging up the old dirt but it is not my dirt it has been put there by some body else I am just saying there is dirt.It shouldn't be there.
After the dirt settled.Annual report shows Mr. Greene sold the Accubrite to lken again for $100,000.00 and as preferred shares with its own added advantages.
That is why I have been asking for transparency.It did not make sense.Remember I had raised that question and you said it is nothing every thing is hunky dory.
Now he is doing the same thing again.He has created INKWAY USA INC another company within the company,And Duane who was President is gone Mr.Greene is CEO and chairman.Who is too stop him from saying it is his own company.
Founder may be forced to stick with him otherwise they have no recourse to their money.Lken can go to hell.
Before asking the real question let me share with you a likely scenario.
HE MAY OR MAY NOT HAVE HAD ANY DESIRE TO produce real ink and sell it but some news were leaked,prices moved up:
Just look at the figures:
1,000,000,000 shares @.01=$10,000,000.00
1 billion......" @.015$15,000,000.00
1 " " @.02=$20,000,000.00
A man has generated the news prices have behaved as expected look at the figures multiply by 2.4 or 3.45.That was the money just a click away for a sell order.
Granted it was his to make.But that way he was under cutting the investors so might be wrong and illegal.
How much money he made only he knows but the figures are there.People are willing to forget unconditionally.But can it be said Mr. Greene what ever happend happend can we expect a transparency and simple business like approach.
Would it be correct to say that he brought his existing business of making ink and other 25 products at Accubrite,conservco,free ink for life etc etc to Lken.
And that he will proceed in good faith and business like manner with making and selling those and additional products ,with all the benefits accruing to LKEN.
That he will be happy with that pay as ceo and those shares as his reward was it 3.45 billion or 2.4 billion.Any way it is just history.
Had he stuck to the plan to make ink as he knew and sell it as he knew...........may be we wouldn't have been sorry.He has claimed that his earlier billing was more than $10 million.
We didn't see any income and company shares moved up and down like a scam.And a revered split to boot.
People are willing to forget with the hope and expectation that thing might improve
Mr.Greene said he got into family business from a very early age
he learnt about older machines other businesses at all levels of work and interaction.AJ greene Business M.Inc was sold and than he developed his own business in Fresno ,For reasons best known to him he ran the businesses as
Conservo USA Inc
Accubrite*tm
Free ink for life*tm
Inktelligence*tm
He claim that he took his business to double digit millions of dollars in billing.And is proud to be called 'inkman'greene.
When he incorporated as lken ,he brought in quite a decent resume
He was making good money why should he share it with others?
Of his own free choice he said people I will bring in above mentioned things to the table. He spent some money on organizational setup took 2.4 billion shares in company and promised to work for the benefit of share holder at a yearly remuneration of $120,000.00
Is that affair/accurate assessment of events.
Mistake to .....throw in the towel.
Today being a Sunday may be we can digress a little.
As tarkless and others have pointed out a lot is b----e---I----ng
done and things take time.So as the things are taking time let's take a look at thing which need attention.
Don't get mad at me again and say here he goes again.I have been pointing out why ambiguity in names and tarkless also has pointed out INKWAY USA Inc is just a name under complete control of LKEN.
To make my position clear I have to go back to the concept of private companies,so everybody please bear with me
A person says:
1.I am so and so I have this experience this education etc etc and I have an idea.
2.Or he says this education this experience this is the business I am in.
3,Any other combination for doing business.
Accordingly Mr.Greene set up this corporation under the Laws.
Can we agree that so far no misrepresentation by me.
Harry
you are a Vet
from Nam?
Risked your life and limb because the country needed you.
You made an investment.
Wish I could buy it?Could you afford to hold on to it.May be the more positive people or Nuemark can give you reason to hold on.You have already suffered that 1000:1 r/s.
Guy said he had a legit plan but got wrong advice Who were the advisors/actors/players.
Himself wife daughters Nuemark.
Primary business Refil ink.
Are we making a new start now.
Do we want to be open as in above board.
People have business and decide to go public and give cushy jobs to their own.....is acceptable.
Is there any change from previous personnel?
Can we have a clear business name as in Ford,google.
Why ambiguities like Accubrite ,Ink USA,LKEN with separate CEO's
To YOUR Success,
Lenny "Ink-Man"Green
CEO,InkWay USA.
Wish I could agree with you whole heartedly.
You,ed3,jazz1,tarkless and other founders have spent more time on following Lenny and may be he has a gift of 'gab'and can impress people.So you guys put in more money to see it through.
Some people lost money and got mad on their own lack of judgement for believing in pennies,but they are mad too...and became quite.Money is gone it is not coming back.
People lost real hard earned money,in gray area of pennies Laws don't protect investors shark work with out fear.
Fool me once fool me twice and or more.
Are they coming back for a second helping.No body knows.??
If it is legit can the people who have been here recoup some of the losses?............Is'nt that the question in every ones mind.
cb,Every thing you are saying is true and you have every right to your opinion.
This is why I submitted a few posts.
Since when have we become general merchants this is all the distraction/monkey wrenches being thrown in by our CEO.
He saw a ray of hope that the company might take off and he gets rid of Duane so he can bring in his usual kith and kin and Yes,Mr. Green types.
But still some people have tried their best to develope some rapport with the ceo . who it seem gets upset when people remind him about the mess and how and why it came up.According to Laws of nation he owns the boat even though he has received lot more than he invested and every investor has been dis-invested by him.
We have waited for so long now he says he is ready to go.Even though every thing is suspect let us support the guys who have given so much of their time for a common cause till end of year.
I will respect what ever you decide.
Thanks john12341 for that share info.
collegebound/trustunits,
general consensus seems,to be why not give a little more time,
December may be,tarkless/ kenolovaed6/jazz1/ have done time for all the shareholders,they kept interest in founders.
Without Founders money LKEN would have been no more.
Attacking them seems to be counterproductive.
So what do you say.With respectful regards to all who are in silent mode.
Shido,reddyfool nc2w,rsr,garrys and there was that guy from Fresno and all others.
Ed/kenolova/tarkless/jazz1.
We are all together is this thing we all want it to succeed but wishful thinking.....?
We all need to be positive so new comers see only good things.But there is nothing but excuses.
We put our money in this thing just for REFIL INK. It is not rocket science but a product that people need.
Now Nuemark is telling us new fancy words 'synergy',different layers of founders,a magic platform......under scrutiny to develope a fail safe system to be tested.
LKEN is said be compliant with SEC,we do not need a paid PR
Nuefmark can easily inform us here on the board what is the share structure.
How many shares have been sold by management,how many shares they own.
Thank you Tarkless,I am aware of that info from Nuemark,the pro people from Oregon.
But the thing is do you test a system after putting in the Data for two years,and than look for kinks.
............Or.........
Put in 10,20 50 100 item and look for problems test it tweak it which ever way you like.Than start work,Do we need a MACY like parade or fanfare.400 founder could be given their web sites to develop and expand to bring the products on internet.While the company is doing its own stuff
If there are problems
Correct them.and start working.
OR.....you start looking for products make legal contracts,put those product names in a catalogue,than........
Accubrite -----about 25 products,than you need somebody to manage ---------------this company....becomes lucrative job.
InkUSA..........about 1000 products...another lucerative job
LKEN'''''''''''''Any products?But need a CEO...President.good pay.
Just simple straight talk.?
In physics,they define work on the basis or efforts put in and the result produced.If no result......No work done.
When we say launch do we mean to say we produced a program to sell products which could take care who got the order and than gave details so the order could be sent to buyer and the middlemen could be paid.etc etc
Are we the first ones to do it.Or is it a routine every day thing that is happening all over the world.Now if Ed or kenalova say that they are willing to wait for ever till the thing is perfected.It is hard to agree with it.
They said there were 2000 item in the system.It mean that part is operational,so why not to launch it?
Or the real problem some thing else.
You have about the best grasp about the company.
Concerns:
Launching-People start and take care of problems as they come.No body can afford a perfect start.
This is a problem for techies Lenny cannot do any thing about it.
While waiting he can do other stuff.
Clarify,about the company.
These 5000 products do they belong to LKEN,Duane was a President of a company within the company.That company and those products and this new set up,is it all a part of LKEN.
A clear cut statement,no IF and or buts.No subsidiaries.
This cannot take long.
jazz1,
Can we agree that a lot of people here have lost a whole lot of money?.
If people are losing faith or have lost faith can we blame them?
You and some others have shown remarkable tenacity and positive contribution ,I acknowledge it and respect you for that.
If promises are made and not kept do people raise an eye brow?
This started as an ink refill business, why do we need a list of 5000 items why not go ahead with what ever they are ready with and add others as and when they are ready with those.
People say what they say let them do it why 'delete',are we trying to please some body.jmho.
hi tarkless,
Thanks for your well thought out response as usual.I actually wanted to address this question to you but since kenolova expressed his intention to buy more I thought I will ask him.
As you know every one feels that lken may be turning around but past history and huge losses are still fresh in every body's mind, so risking more seems like another big risk.
Let me thank you and 'our'good friend here,Mr.Jazz,for your keeping faith and doing so much for the s/h's,for the time you people have,given freely.
Hi Kenolova,
Just trying to,help myself agree with you on the point of buying more shares to cover the past losses.
Many more investors may be thinking on same lines.,but are leery because of past experiences.
Many here some times lose patience with trustunits for his lack of trust but he has a reason for that and should be given a little room to express his legitimate concerns.
Lenny bought control of LKEN with about 2.4 billion shares leaving about 800 million shares to previous owner.They were almost the only sellers when prices went upto .02 from .004cents and than back to .0001.And than he goes for a reverse split almost wiping out the S/H equity.
He must have sold most of his shares,than he turns around and,says I have been working for LKEN for so long it owes me salries,so he may have converted that salary to his protected share or can do it now.How many such shares he has and does the equation of reverse split apply to him.
Before deciding on buying more we need to know these things otherwise there is nothing to prevent him from repeating his wash and rinse process.
How many shares does he own ?Is it a valid question.?
dockzef,your statement pudding and its proof and paragraph 2...
.....since these gentlemen are highly skilled and experienced I think your implication>>>>>are slightly to highly insulting.
Let us see if I am guilty as charged.?
Can we agree that we are here.........Because of qtmm,being;
A legal for profit corporation to be run in good faith in which a CEO's job is to protect and promote investors equity and keep investors informed in a timely manner.
You said,high level of skill and experience and I am willing to accept that they may have about a 100 years of 'claimed' practical business experience,but you, also happened to mention the word pudding and they say the proof is in the pudding.
Bloomger mention SS has been involved with qtmm work since 1995,Dr. Wong's work was doable,his patent good for Solterra and his finding at that time said these dots may have other benefits as well. But the focus was on developing solar business.And they said production will start in sept,2010.
But it looks like with all the acclaimed 'skill and experience'.They have my hands tied through their network so that I can write only one post and I am out of space.be back tomorrow.
I am pretty sure no body hanging out on our board has the vision of the largest share holder---------who stands to gain the most.
When some body said wait for the second five year plan from the CEO,I wonderd what could that be,this company can not last 5 year,given the money out flow and no income.
Who better than him to plan his future,if the show can last another 5 year not bad,family get 400,000,dollars every year.He did't sign his future away earlier why do it now,if the company is going to succeed and he can show the income and orders,where would the company be in another 6 months ,an year or 2 years.
HE CAN HAVE A BETTER PAY PACKAGE WITH SUCCESS.Why throw it away when he is on the verge of making it.
Given his knack of planning is'nt he getting ready for the end give himself and his 'faithfuls' another 30 million shares as signing bonuses,keep the distinction of being the biggest share holder.
Let the network and increased PR's keep stirring the pot as long as it works,even dumping at sub penny towards the end will bring in quite a bit.Would'nt it be a successful op.?jmo
If qtmm is not working 'in good faith':No product or service in 5 years,would it be prudent to take a look at who is benefitting from the long life that qtmm is trying to achieve.
Since there are no workers so ;
1.Management deserves to be paid for their,efforts.
2.Owners of the shell that was HGUE,they are collectively referred to as 'lenders'what was their specialization.how did they come by that shell ,was it a company that failed due to bad economical times,or may be they could not get their product to the market.
3.Other payments have been for advertisment and promotions,would be nice to know the names of parties.
4.payments for rent $8460/ or around 720/ per month.If the qtmm is serious about starting production why bother about giving a PR that they are in consultation with Governor Of Texas for terms they could easily rent some warehouse in the out skirts where ever Bob Glass ,the production guy,lives,and start producing,Once they are alive and kicking,they can dictate what ever they are begging now.