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Not me WT. Wouldn't have minded taking that job. But I'm afraid if I had Mcs would have found a way to get us both thrown in jail. On the flip side I do like the news all of you have dug up. But as always when it comes to any government or military mission or project. Be it going to the mess hall, or any other mission. It is a hurry up and wait game.
I'll see what I can do. Brackets are already busted so I'm not winning Buffett's Billion dollars that I was going to use to buy this company and install a new BOD with a few of my APDN board friends. Oh well the dream is gone. At least for now.
I have to apologize to all on this Board. It is time for me to confess that I am the one responsible for the down days if the share price. My track record is not that great when it comes to investing and now is no exception. Every time I attempt to accumulate shares, I send it down faster than Luka Brasi (who swims with the fishes) in the East river and Frado to the bottom of the lake after a tap to the back of the head (The Godfather references). My apologies to all.
jdjlaw
Very pretty little lady you have there Mike. After "checking out your wife" (you know what I mean) it's easy to see that the lovely Ms. Sharkey has the dominant genes in the family.
A plea offer will be coming but it may take a while. The US Attorney will put it together and give it to Ulsteen's Lawyer. Also a pre-sentence report has to be made and presented to Ulsteen's lawyer for him to go over it with him. This process could take a few months.
JDJ
Nothing much happens at a prelim hearing. Most are just waived. TheClerks notes are usually available 24 hours after the Court date.
Agree it tends to pull back between 30% to 70% then jump up. 40% to 60% or more. Great trading trends. I also agree about crooks and frauds. Ulsteen appears to be have been very good at up until now. I suppose it is true tht karma is a bitch.
Side thanks for posting this. Usually the court date is picked by the Court, unless the Attorney, or the U.S. Attorney (prosecutor) have some kind of conflict with that date. But usually you have to go with whatever the Judge picks.
I had read the complaint but didn't really know how to post the link. My computer skills are very limited. If he is convicted on only a third of these charges he could spend decades in prison. You can get more time for money laundering than you do for robbing a bank. Add the wire fraud on top of that as well as the securities fraud and it adds up to a double butt load of time.
IMHO this case will NOT go to trial. The way these things work, he will be offered a plea deal that will consolidate most of these charges and limit the actual time he will serve. Might not be as long a Madoff, who is serving his time here in North Carolina, but it is likely to be decades not years. Maybe they will be cell mates.
jdjlaw
I liked the YouTube link very funny. Go back a little further there is a link to the complaint.
Just go back and look at Kings post with the link to the complaint. Also go way back and look at my posts where I posted emails I received from Ulsteen. As well as Kings posts about his arrest. King also has a link showing the Complaint. It will spell it out for you. To numerous to list here. But it is basically securities fraud. White collar stuff. I usually deal with drug traffickers, armed robberies and murders. Come to think if it this is somewhat similar, except for the murder stuff.
JD
King apparently it's hard for some to accept the truth even when it smacks them in the face like your link and other posts you have made regarding the arrest of our great CEO.
Proceed and have fun with this one. It's headed for the cellar or lower IMHO.
JDJ
No I'm saying don't listen to me. Trade any swings that may come. GTLA
JDJ
That's a new one. My brother usually sends me pages of them
Too funny. Been in this POS since last Summer.
Ok then don't listen to me. Just trade the swings if there are any.
I spoke to the Clerk of the Federal Court in San Diego. But you don't have to believe me. Look it up yourself.
The substance is CEO is in Jail under a million dollar bond and passport confiscated. Is that enough for you.
King it's kinda fun and sad at the same time to read from all the new folks on here. You and I have been through all of this before.
jd
Two thumbs up for your son and his service. I'm guessing Hospital Ship is great duty. Although just as demanding it has to be better than sloshing in the surf with a bunch of leather necks. No offense meant. I had several family members serve in the Corp.
JDJ
IMHO it always had been. It's just now been comfirmed.
JD
Looks like it didn't take long. Over 13 mil. shares and the day is only half over.
jd
Damn Mike now I can't take that job since you have told everyone our plan.
JDJLAW
Depends in the salary. I would take it, but the commute from NC would be rough.
JD
I will try but my computer skills are very limited.
JD
Gregg I am not a person that likes to say "I told you so", and I am not eager "to put the noose on a person," I am just reporting what is actually going on. I believe you were asking for confirmation about the report of his arrest. I certainly will not be happy to see anyone lose their money, me included. I stand to lose just as much if not more as anyone on this board. I would like nothing more than to have this Company be successful. I certainly do appreciate the fact that a person is innocent "unless" until proven guilty. To say "until" presupposes guilt. That is what I always argue to any jury that I appear in front of. The Government has if fact charged him, that is why he was arrested. One cannot be arrested if not charged. However they have not secured an Indictment as of this date. That requires a Grand Jury. The two are separate things. I hope you do speak with Ulsteen, that may be difficult since he is in custody and is represented by counsel. But if you do please report back about that conversation. If you have the power to keep this company from going down or the pps from going into the tank, please do so and push this puppy above a penny.
jdjlaw
Nice work King. I was also able to confirm story. Spoke with the Federal Clerks office in San Deigo. Ulsteen's bond is set at One Million dollars, Attorney of record is Knut Johnson. No Indictment yet. The next court date is Jan. 23 for a Probable Cause hearing. When this news hits the Street, it should tank the PPS unless the MM's and others already knew this was shill "Company" and not a shell Company, and are still trying to make big money until pps goes to zero. Don't know why this is not on the street yet, but surely it is will be.
jdjlaw
Haven't had Highland Park either, but you can buy me a case when we get together to celebrate APDN dominance.
Better get some PBR for those beer snobs. I had all of those single malts except Cragganmore. Glenfiddich is one of may favs but try to keep a bottle if Glenmorangie around. But it all goes so damn fast. I think all of my bottles are defective they can't keep the Scotch in them. Looking forward to the day as well brother, but how about sticking A10mil with the tab. It could be rather large.
Aww mighty sporting of you to give so much credit. But that is exactly what I would do. That's what happens now with human DNA. It could work at the state and local of law enforcement. Just would need a lot of training to make it effective in Court. The Feds or even the banks could use it for a deterrent and for apprehension. Even high end retail places like Jewelry stores, etc.
By the way I do have a story about passing around the TP. Did some in the Army. But that story is best shared over a scotch.
A thought on the use with Law Enforcement. There would need to be training at state crime labs or local crime labs, city, county if there is one. Also would need to train local CSI regarding collection, testing and verification. Crime lab agents and even law enforcement would need to be familiar enough to testify in court. The price may be to high for the locals,unless there is some sort of Federal grant. But Fed Law enforcement FBI, DEA, ATF, and even the Secret Service(enforce money countefiet cases)may be able to handle the cost. Regarding O'Quinn, damn lawyers will do anything to get out of returning any retainer money. (No disrespect meant. Just some lawyer humor.
About the op name, how about OAR. OPERATION APDN's REVENGE.
Mike I don't usually raise a bit of hell. If anything is worth doing its worth overdoing. I'm still working on my recon Op. May need some indirect fire to keep some heads down and some naval support. Think i can find some if that?
Jdjlaw.
Gregg we're good. Just having a little fun.
Yea I wasn't expecting the green today. Looks like I lost that one. Oops I just posted Sorry.
By the way thanks for all the updates. Keep them coming. This is going to be very interesting to follow. I'm not that concerned about no news reporting at this time. That may come, but probably is not leading news in San Diego. They are probably to busy reporting the water temp and how the surf is. I would expect something from Wall Street though. Have to wait an see.
jdjlaw
Thanks Gregg. I knew what the transfer agent did, just wasn't sure what info you got. I believe KABX has A/S of over 2 Billion and over 129 million O/S according to the last 10Q. Wonder what he/she thinks is a normal float. Also if naked shorting was going on then the float may appear within "normal" range, but the fails to deliver number would be something to look into, that number could tell us a lot. Not sure about nothing shady, but that remains to be seen. Did you ask about Ulsteen's arrest. My "guess" is that even if he/she knew, it would not have been shared.
jdjlaw
Here is my email addy,send me yours and I will attempt to answer any questions you have. jdjlaw@aol.com
Glad we could get together and figure all of this out. Believe it or not I'm really not that happy about being correct. I had little doubt that he was CEO of KABX, but I'm not sure it wasn't a scam. We will have to wait and see. What info was confirmed by the trasfer agent? That he was arrested?
jdjlaw
Here is the website for Ulsteen's lawyer, Knut Johnson.
www.knutjohnson.com
You can check this guy out.This not to say this guy represents Ulsteen, but he does this kind of work a lot. I should be able to confirm this on Monday when I talk with the Clerk again. Not bragging but this is very interesting stuff.
jdlaw