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And in 2006, Dr Shiong merged American Pharmaceutical Partners with American Bioscience, to form a new company Abraxis Bioscience. After the merger, Dr. Shiong controlled 75 percent of the new group. Food for thought....AGAIN, HOW MUCH percentage wise, does Shiong ALREADY CONTROL of KEYO? :) HINT: Over 75 percent!
Lesnshawn.....for one to answer that question with anything other than "writer of Forbes article told me IPO" or "a billionaire using a empty shell with no business is ridiculous".....one has to know what a reverse merger actually is and the mechanics of one. They would have to know that an APO/RM/RTM are all not all totally separate scenarios and are all actually the same business transaction taking place, for the most part. They would need to know that $30M in NOLs is just the icing on top compared to the other benefits for Dr. Shiong to do an RM. In other words....they would need to do DD before they knew what they were talking about, or how to answer. If one doesn't know these things, I don't think i'd really care to hear an answer from them regardless. Cheers...V Hestheman
IMHO neither Dr Shiong nor the editor of Forbes care to take the time to issue a retraction. If there is an IPO in the works, it does not negate the chance of an RM in the least, with one of Dr. Shiong's numerous dealings/companies. I'm not going to discuss the "going public" issue any longer. The real issue is that if one truly believes that there is no chance whatsoever of Dr. Shiong, a billionaire, using this shell for something.....or that it is ridiculous....that is not having an open mind at all and most likely one will not be gloating or kicking any dead horses... but rather kicking themselves for such a missed opportunity. KEYO will not get any cheaper. I have posted in the past an "identical" reverse merger that took place....with a billionaire buying a worthless, empty shell with no business operations and the shareholder's were very happy with that outcome. Finally.....APO/RM/RTM are all one in the same. They are not mutually exclusive, as if I have been planting different scenarios. A RTM is simply a method of doing an RM (so in fact they are one in the same) and an APO is just the RM/RTM with PIPE financing. It is not a difficult concept to grasp when one actually takes time to do DD. I would say.....with the time involved to launch an IPO, Shiong needs to undergo the underwriting procedures/filings now or 2015 won't be SOON enough. Makes one think, does'nt it? (perhaps not) I am just trying to figure out how much gloating I will do when an RM takes place....or if I should just avoid poking the dead cat with a stick.
Gotcha IP man, yes....I believe you're correct. I agree.
Understand, if that retraction was issued it would leave, by process of elimination, a reverse merger. That in itself would open up insider trading allegations as only the readers of Forbes would have been privy to that info. Not a difficult concept for one to understand. Also, in the Forbes article, the IPO referred to certain tracking stocks....which most likely will happen. This has never been an either/or proposition as it pertains to R/M and IPO. Therefore, no fraudulent info was released in the Forbes article. One just has to learn to interpret, and not always in black and white. This will be over SOON.....and believe me, I can't wait either.
P.S. Good to see you here IP Man.....this is a squeaky clean shell from what I can tell.....should be a great play with a decent R/M.
IP Man....Note that in your second link (just before table of contents) it states that as of November 17, 2014, 42,674,381 shares of Common Stock, par value $.0001 per share, were issued and outstanding. That is the latest O/S figure from what I figure. Leaving a float of around (less than) 3M after factoring W. Shaw's shares. Not quite sure where you get the 80M plus figure for O/S??
Exactly.....A/S does not mean those shares will be issued, and i'd be willing to bet the new shell owner will reduce A/S shortly. This William Shaw seems to have a clean business record from what I have been able to find. 3M float is just crazy! a decent sized RM could make this one go BIGLY!
Agreed!
I see your point coin...hope you do well. V
Yeah but that is hearsay. Sometimes, it is well known in pink sheet companies that unscrupulous characters can steal someone else's identity and create ficticious filings. Perhaps someone "hijacked" your Mountie.
ALL patent applications are PENDING. "I would hope you could ask questions before you come to conclusions after doing a grade school math". Hi kettle....meet mr black.
Coin....I do not bother to read past posts on a board. I assume a stock like BLOZF is a scam based on very little DD.....or maybe you are right and I am trying to drive the price down to get in lower.
http://www.techtimes.com/articles/21316/20141202/marijuana-breathalyzer-may-soon-be-reality-stoned-drivers-beware.htm seems that Washington State University is ahead of the game in this department of developing a marijuana breathalizer. Sure it's a good concept, but most pink sheets are scams. BLOZF holds the patent application.....but most likely will not have any kind of monopoly on this kind of product. GLTY though, i'll pass.
I am here for one reason. I genuinely had an interest in BLOZF, but there are too many "red flags". For one, they are milking a patent application to sell shares in a hot sector. They do not hold the actual patent. Don't you think a bigger company will come to market first.....than a stinky pinky? Just giving people some DD to ponder. Hope you do well here Doubloon :)
That's just it....BLOZF does not hold any patents. They have a "patent application".....which takes 2 years to approve from the time they filed it. Big difference. Even if one holds a patent it can be challenged as "obvious" by a competitor.....and often overturned if there is anything that works in a similar capacity whatsoever (including an alcohol breathalizer). For example, if I am challenging a patent for a marijuana breathalizer.....I am making the claim that an alcohol breathalizer already exists, so this is an "obvious" patent that anyone in this kind of market could have invented. Don't believe me? Look it up. Patents are being overturned on this kind of basis all of the time. The USPTO actually does use the revocated on account of "obviousness". If this kind of product comes to market, it will be from a bigger company, not a penny market scam.
Probably not worth my time but thanks. I've seen stocks like this in the past. This stock is there to cash in on the MJ stock "craze" and that is it. I just don't want to see anyone lose money.....there are better plays out there.
Blozf is a SCAM Doubloon. A patent application and holding a patent are two different things. This is just another scam MJ stock.....not looking to invest my future in a MJ "breathalizer".
http://www.reversemergers101.com/going-dark-reverse-mergers/ Once a company goes dark, it may receive offers for reverse mergers or similar transactions. Benefits Of Deregistration Flexibility to undertake reorganization and other possible extraordinary corporate transactions.
Normally, the stocks that run up HUGE (like with SPEA) have very few players that get wealthy from them....because many others were "too smart" to play.
Yep....and SOON to be a lot more money. Caveat Emptor shells....go brush up on ALL of the reasons stocks are listed as caveat emptor. "Did he even know he owned shares"? I'd think so, considering he exchanged $20M plus in debt for them LOL. Try looking at some filings....there is no scam here. Trading shells are perfectly legit, reverse mergers are perfectly legal folks, they happen all the time.
What kind of idiot believes that a billionaire tv and radio mogul is going to choose a empty, pink shell with no business operations to do a reverse merger and acquire the rights to Elvis trademark memorabilia and the American Idol TV show? Crazy pumpers.....wait, oh yeah that's right http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109141569 What a SCAM!
Uhhh...yes, really. Thomas Wittenschlaeger is the Principal executive officer of KEYO and resides in Flowery Branch GA. Doing some simple DD/searches would have shown you this. Tom W is the one who filed the reinstatement and then the dissolution. This was done as a matter of law before a reverse triangular merger can take place, and also to separate any connection of the old company from a new merging company. Not a difficult concept. LOL at your shell hijacking theory.
Oh Janice....we never said Dr. Shiong's intent from the beginning was to own a clean, debt free shell. But now that he does.....one does not just abandon a clean shell that has value. Understand?
The paid promotion (being ONE) you guys pointed out was from 2010.....Dr. Shiong did not own the company/shell until 2011. The other link you guys provided clearly says WAS NOT COMPENSATED LMAO WOW.
"Dear lord this is'nt complicated stuff". I agree! Then you should be able to stop beating around the bush and provide a link showing the reinstatement filing for KEYO along with NEW CONTACT INFO if a "shell hijacking" has happened, and then report it to the SEC right away! This is the Fraud Research team right? Show us the research! LOL
Okay...I will make it short and sweet....SHOW US THE THIRD PARTY that bought ALL ASSETS INCLUDING THE TRANSFER OF CALIFORNIA CAP EQUITY's SHARES! Should be easy to do....since you are stating this AS FACT already, correct?
Unfortunately for you, I know exactly how it works. It all starts with a new entity (the scammer) filing for a reactivation and paying a reactivation fee for a dormant shell. Whether they use a fake name or not is irrelevant....they still must produce a name. So...if the shell was hijacked....show us the reactivation filing with said fake name. There was a reactivation filing....but it was by Thomas M Wittenschlaeger (the actual listed custodian of the shell). I'm waiting....
Do YOU even know what point you are trying to make anymore? Tangible assets were sold in a $6M deal when dissolving the company. Dr. Shiong's debt was converted to equity. I am still waiting for you to show us these shares were liquidated. Also I am still waiting for proof the shell was "hijacked". You guys are really "reaching".
LMAO, then why don't you show us any "other" names besides Thomas M Wittenschlaeger listed on KEYO filings. I'll be waiting. He was the last name we saw on reinstatement, followed by dissolution, filings. Please....show me other names to account for the shell hijacking theory you are now "reaching" for.
The debt was exchanged for equity shares.....period. The rest of the assets were liquidated and all debt was settled, leaving a clean debt free shell whose ownership belongs to a billionaire doctor. It's as simple as that. Show us proof those shares were liquidated, until then, don't speak it as fact.
Surfkast http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109147178 you do realize that even when someone tries to "hijack" a shell...there is a paper trail right? Even the Hijacker has to file to take control LMAO. Before making posts, do some DD.
Recuperate KEYO losses? I was in at under .02 pal....and still holding all. Thanks anyway.
The main problem here is that you are confusing other assets of the company with stock shares.....that's why no one is bothering to reply. Of course, as the largest creditor, Dr Shiong received most of the liquidated assets and stock shares in exchange for debt. WOW.
So your theory is that they ONLY sold the amount of shares that gave them ownership of the shell? LMAO but yet they did not liquidate the rest of the 30 million shares that would have given them more of a return on their "huge loss"? That is some DD my friend....
Now please provide a link to show "clear as day" that those common shares were dumped onto the open market. Show us the form 4's or historic volume indicating the dumpage of over 30 Million shares! TIA
It is too bad your old post slid off your screen, because this post only gives us information we already know. "Throwing away nearly $20 million on a soon-to-be-worthless shell is not how most billionaires become billionaires". "I'm glad you were not around to tell SPEA shareholders that http://investorshub.advfn.com/boards/read_msg.aspx?message_id=18870287 "SPEA disposed of all of it's operating businesses in the second and third quarters of 2002". "As a result, the company now has no business operations and only minimal assets and liabilities". "SPEA's primary objective is to seek out and pursue a transaction with a business enterprise that might have a desire to take advantage of the company's status as a public corporation". If weeks beforehand someone had presented DD that a billionaire was interested in acquiring that shell, and doing a reverse merger.....many would have said the same thing, "A billionaire would not be interested in some "worthless" pink shell" LOL but guess what, IT HAPPENED! Robert F.X. Sillerman, A Billionaire acquired the worthless shell for a reverse merger and the stock ran from .10 to over $30! The only difference between SPEA and KEYO is that KEYO shareholders KNOW a billionaire is involved and owns the majority of the stock! You stated "One thing is clear".....Dr Soon Shiong no longer holds the majority of this stock. PLEASE SHOW US THE FILINGS that state this Janice! We'd all love to see it! Maybe it was in the old post that slid off your screen. From the filings you provided...we only see the debt/equity conversion.....neither you or anyone else have been able to provide info that California Capital Equity (Soon Shiong's company) dumped their shares onto the open market! WOW. Finally, the past dealings of the company is of no concern to us. The fact that Dr Shiong had $20M invested is MORE OF A REASON to use this KEYO shell for reverse merger! The market value of the new stock (Billions) merged into the KEYO shell would net him more than selling the shell outright ($500K perhaps, probably worth about the same as SPEA shell before the reverse merger). THAT's how a billionaire does it! Why has Shiong held on to this shell for so long when he sold the RPTN shell at about the same time he acquired KEYO? Owners just don't abandon shells Janice.....a clean, debt free shell does have value you know. Have a great day....
LOL....even with the link you provided and the example you cited, the holding period (under 506, your words) would have went beyond the Nov. 10Q you posted which you stated as proof that California Capital Equity LLC liquidated their shares. Also, the company still would have not listed themselves as the owner of all series A Preferred shares in the Dec. 8K if that had been the case. The debt/equity exchange was the reason the debt/notes were not listed in the 10Q. The debt was exchanged for the stock...you are CONFUSING that with shares actually being SOLD onto the open market, and you have not been able to show proof of California Capital Equity LLC liquidating those shares. When you can do that, i'll give your DD some credit. V
Link please....noting however that this SEC rule was not the main point of topic in the first place.
BigBake1, Just as I replied to you on that board, you were terribly wrong. It's amazing how if one just digs a little bit further and looks at more than just one filing they will find the true facts on a play. You cited the November '11 10Q as your source that Dr's VC firm owned no shares.....why didn't you check the Dec '11 8K? http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8301024 which clearly states in item 5.02. that California Capital Equity (Dr's VC firm) owns all issued and outstanding series A preferred shares (control block). Also note that the SEC rule 506 exemption states that the accredited investor's shares (in this case CCE) must be restricted for 1 year. Please show us in the past couple of years (historical volume) where over 30M shares were dumped. Also show us all of the paid promo, pump and dumps. I haven't found this info yet. TIA