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Uhh, what if already "invested?" Those traders are fools? BBDA isn't selling products and making an effort? We made a mistake? I'm going with the ones loading up 3 billion shares in 2014...
What's the GEIG o/s now, as of yesterday? The transfer agent won't reply to my requests. The figures at OTC markets and the last filing are outdated.
Ooo, so it's about current shareholders losing since it's not about "winning." As a shareholder in disheartened by this mindset. There must be a possible solution that will aid all stakeholders.
I still think the litigation will go no where. BW won't go to jail, BBDA will continue, and a settlement will be discussed for what meager amount could be had. That was the result of SSA's last referenced litigation- settlement.
BBDA being a share selling "scam" with King BW and Queen Daisy has not been proven yet. I'm not going to assume the above until proven and accountability is then enforced.
Until then, BBDA has some products that customers are buying. More locations to sell at, more marketing, and a better infrastructure should aid product sales. Some steps have been made to do this. We want BW gone but just can't do it so we must accept the leader's decisions and buy shares or not but shares. The shares are being purchased amazingly...
What's the win possibility for current shareholders to litigate? Usually a lawsuit is made to retrieve damages. It's my understanding that BBDA is a share selling "scam." As a share selling "scam" all funds received by BBDA have been funded by shareholders because as a share selling "scam" BBDA sells shares and not product. With no product Revenue, little assets, and low liabilities how will BBDA pay any settlement? By selling more shares?
Ooo the win is for prior shareholders who sold at a loss and feel BW should have made good on promises? BW will get criminal charged and go to prison hopefully. Current shareholders are doomed already so just sell for a loss now?
Misdirection. The point I was making was that the possible litigation claim was to reduce the pps to $.0001. That way when $.0001 is attained through slandering BBDA in a BW vendetta pursuit then a pps jump on BBDA progress to $.001 would result in a 1,000% gain.
Nothing about falling from a high building and bouncing here.
Well, I know if $.0001 was obtained for a BBDA pps then a jump from $.0001 to $.001 would be a 1,000% gain. Can we start there? I think so.
I agree with the current pps and possible decrease to $.0005 that now is a good time to litigate lol.
I disagree. Plenty have been motivated to present "evidence" of BW "wrong doing." I guess it's more fun to pick on a public figure than to aid BBDA in succeeding for the future. Shrug.
I agree there are quite a few who seem upset about BW and voice their concerns daily and sometimes hourly. Makes me wonder if they are minions working on the inside because of a vendetta created over years. Is that ethical to work on the inside and then report possible "evidence?" Things that make you go hmmm.
It's ok because there are still some who care about helping BBDA succeed. The company is not just a share selling "scam." It's unfortunate it resides in the pink sheets and needs all of these shares to get capital. Investors are fully aware of these issues as 3 billion shares have been purchased in 2014.
I disagree. BBDA the company is real and has real products. There are employees, customers, and shareholders who care about BBDA and it's products succeeding. The negative trite is getting boring really.
That's my point. It's been done for years. Now possible litigation will occur? Now someone can get the SEC and IRS attention with the facts and evidence that have been here awhile? Why now when the pps is threatening to hit $.0005 and lower?
Nice downplay. Still shows Koma Unwind is selling in Walmart. Soon to be in Circle K and 7-Eleven, if not already from all the cowbell ringing tweets.
I disagree. Shutting down BBDA shouldn't be the side effect for a vendetta against the CEO. There are other shareholders and stakeholders lives involved besides BW.
I think the litigation discussion is a ploy to get the pps down for cheaper shares.
I can't even find the main outcome of the non-OTC case referenced by the leader of the possible litigation. What I did find was the referenced company was initially for a $10 million claim, but settled for $1.75 million. The case was regarding misrepresentation of costs during an IPO. Definitely much different than what is being proposed for BBDA.
It's been discussed for years that BW is a crook and that BBDA is a share selling "scam." Why now litigate? The leader of the possible litigation definitely won't see what was awarded in his references. It won't help BBDA succeed.
Ooo ok. All of these stores are on the zooms Unwind locator or have the Circle K and 7-Eleven locations not been added yet? Sounds like distribution is increasing still.
I was surprised to see a Walmart rep, Jen, thanking WP on Twitter for a new KU display. I guess that last meeting when BW went to the Walmart HQ in his salmon shirt wasn't a complete bust.
Who's Jen at Walmart? I see BW retwitted Jen's tweet about the KU display at Walmart.
@WheresBrianW Thanks for sharing, Brian! The display looks great! -Jen
— Walmart (@Walmart) August 26, 2014
Hasn't BW been doing this for years? If his personal source of funds are indirectly from BBDA shareholders then the share purchasing of the issued toxic debt shares would need to stop.
Even after all the excitement of possible BW justice are the diluting shares still being purchased?
What does ringing the cowbell 600 times even mean from BW? I don't get it.
Did you sell $BRNW? It seems to be done running now. Nice call! I should have jumped on it yesterday but felt it may have another day before bouncing.
$BRNW up 66%. Unless you bought yesterday too late to enter now IMO. Thx for playing...
I'm sure this will bounce in another 6 months. Once the o/s is in the billions. VNDM working the Ask right at open, smashing any large Bids that appear.
Any links available for GEIG patents, as you mentioned patents for June 2015?
The last 10-Q 6/30/14 shows no patents on the balance sheet:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10153637
Here are some more facts to make us laugh:
GEIG showed in its 6/30/14 10-Q that it had 800m a/s.
The NV SOS shows 5 billion a/s as of 6/3/14.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=x31IO%252bMjFE3ZAIVtY6UH%252fg%253d%253d&CorpName=GEI+GLOBAL+ENERGY+CORP
What's the deal there? Did GEIG make a boo boo in its 10-K? What certain is the company's intent to issue billions of shares. No PR needed for that change apparently, but PRs of possible funding and credit facilities are made to peak "investor" interest. Later the company files SEC forms taking back agreements made lol.
The NV SOS shows on 12/24/13 a stock split being filed with 800m a/s. On 4/2/14 the company filed an amendment to increase the a/s from 800m to 1.4b. On 6/3/14 the company filed an amendment to increase the a/s from 1.4b to 5b. Given the a/s track record, will GEIG increase the a/s to 20b next? Where's the PRs and filings to explain the a/s increase BILLIONS? Not even a shareholder update letter? A once QB status company making SEC filings now acting like a pinky IMO. I won't be surprised if SEC filings stop being made next.
10 Million Loaned? I have a hard time taking you serious when your facts don't add up:) So to counter no facts are offered in return but instead statements of "can't take serious" are made. No one will be smiling soon except the toxic financier and the Dr keeping his dream no matter what it takes.
You're right about one thing, GEIG has no intention of getting those $10m in funds from Kodiak Group announced 5/9/14.
Here's the S-1 filed 5/9/14 with GEIG to issue 17,000,000 shares to Kodiak Capital Group, LLC with a proposes maximum offer price of $.90 to get $15,300,000 in equity capital to GEIG to aid in funding.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9976405
PR 5/9/14 showing 18 months estimated to issue these shares:
GEI Global Energy Corp. Files S1 Registration Statement Securing $10 Million Equity Funding from Kodiak Capital Group, LLC.
GEI Global Energy Corp. (OCTBB: GEIG), a Nevada based company, announced that the Company, along with the recent 10K annual financial filing, submitted a S1 registration statement to the U.S. Securities & Exchange Commission ("SEC") covering 17,000,000 shares to be issued to Kodiak Capital Group, LLC under the terms of the common stock purchase agreement. After the SEC has declared the registration statement related to the transaction effective, the company has the right at its sole discretion over a period of 18 months to sell up to $10 million of common stock under the terms set forth in the agreement. Proceeds from this transaction will be used to accelerate the global commercialization of the GEI X5 World Fuel Cell Electric Power Generator.
Then the company filed a form RW to cancel the 5/9/14 S-1. So, instead of obtaining a possible $10 million equity funding it's now raised its a/s from 750 million to 5 billion. It's intent to dilute is pretty clear.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10073582
Then on 8/5/14 the company filed a form 8-K stating it has received up to a $5 million credit facility in exchange for handing over a/r proceeds from a/r collections (plus interest of course).
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10129389
The latest 10-Q filed 8/15/14 for 6/30/14 shows $274k in total assets with $16k in cash. $2.1m in debt of which $529k is in convertible notes payable (the scary toxic financing now haunting us). $6.2m (up from $325k in 2013) in additional paid in capital. $8.9m deficit (up from $3.7m in 2013). $0 Revenue- none, nada, zilch. Net loss for 2014 is $5.2m (up from $190k in 2013).
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10153637
The company as of 6/30/14 had $0 A/R. It keeps offering carrots of funding to come. Then it issues cancellations of agreements of funding or states it's going to get funding with A/R as collateral when it has $0 A/R.
What I can't take seriously is that this once QB status company with admiral intentions has turned to allowing a Pink Current status from failing the $.01 Bid test, while having a financial picture of pending millions in deficits, on the shareholders dime, while promising all this stuff to happen with nothing to show. I've tried to contact VStock Transfer, the transfer agent, and they don't return my calls or e-mails. That may mean the TA is gagged while millions magically appear to be traded as the pps falls from no other than dilution. A few pumps come here and there to effect a few dead cat bounces while "investors" state big things are coming to aid dilution efforts. The Ibox share structure info is definitely outdated and misleading in light of the current trading volume.
Typical pinky mentality.
VNDM isn't always dilution. It's clients short sell as well. One thing is certain is that GEIG needs funds to operate due to no Revenue. The filings show additional paid in capital increased greatly this year versus 2013. The company intentions seemed admiral in the beginning but now dilution is its crutch.
The transfer agent for GEIG won't send the share structure info, such as the o/s info. Good try though saying the o/s defines a company's value. The company's intent is loud and clear with a 5 BILLION a/s.
The other company you speak of has REVENUE unlike GEIG. It has a tangible product selling unlike GEIG which shows nothing but forward looking PRs where promises don't occur.
I'd like shares at $.0001. That's what a 5 billion a/s is worth. I'm curious what "investors" are buying the fact that this great technology requires 5 billion a/s and heavy dilution to get the o/s to 5 billion.
GEIG was a QB and then changes the a/s to 5 billion from 750 million? Why not give company updates of progress instead of issuing shares at $10 million.
I hope the toxic financier gets more sold higher than at $.001 to recoup the cost of $10 million loaned...Not even billions will help below $.001...
VNDM is leading the Ask. No dilution still? Lmao!
The a/s was raised from 750 million to 5 billion in June! A QB status that raised its share structure to billions! But the Dr. knows what he's doing...
GEIG would need to end the billions of shares in dilution to start.
Then it would need to report some Revenue.
It used to have QB status, but because of the dilution the pps fell below the $.01 Bid test. Getting the pps above $.01 would allow the better OTC confidence for traders and "investors."
The company would have to make good on promises. Such as Bloomberg was supposed to air a national spot for the company. Now every day and near the weekend it's suggested the Bloomberg spot may occur next week. Next week it's suggested it will occur the next next week. I think you get it...
The great Dr., who is so intelligent, would have to pay off the toxic debt with other than shares. Traditional corporate loans are a no go because the company isn't doing anything to substantiate getting a traditional loan. Just PRs of promises and that's not good collateral.
Good luck!
90% Bid whacks and 10% Ask slaps. It's moving up alright as we need to keep some faith here...
Any large Bid over million shares gets placed is slammed by VNDM. Bye bye "Bid support."
I'll buy more at under $.001 possibly.
BKRT is definitely a factor. Most likely not a retail trader, and that leaves short or dilutor. Either way, it's a big acct holder looking to short or dilute.
Good luck watching this go to $.0001.
BKRT leading the Ask now. Possible shorter or dilutor to join VNDM. Makes sense since the pps is falling from dilution.
IMO, all the remaining "investors" should buy on the Bid at $.0001. The dilutor personnel want as much as possible for the shares issued to the toxic financier. Why give then any more profit? This is an "investment" with potential so buy at $.0001 IMO.
We know the a/s is 5 billion and I'm not getting a reply from the transfer agent as to what the o/s is. The OTC markets o/s value is way too low now given the dumping by the dilutor.
VNDN sitting at $.01 is still dumping shares into the Bid. Just look at all the Bid whacks in the iHub red vs blue trading volume indicator. Ask yourself: Would all those retail traders be selling at a nice loss now, being where at 52 week lows?
A dilutor doesn't have to lead the Ask to dump shares. A dilutor will lead the Ask in times of much buyer excitement to try and absorb as much buying volume as possible. VNDM is dumping still IMO.
I don't think BBDA has hit bottom. That last post of mine was a spoof I did and not my usual coherent posting.
With the a/s increased again and the constant dilution the pps could still drop IMO. If another 2 billion shares enter the market without BW stopping the whole share issuance and just realizing enough investor funds have been received to get just one promise accomplished then the pps is going down more IMO.
Dilution is a chart and fundamental killer. That means despite what we know of the rosy possibilities and the pps history when PRs are issued dilution will make the pps go down.
I think I'll stick around longer now. I like $GEIG's "story" of a wonderful technology that just needs 10 years more of investor capitalization to become successful.
My post history on iHub may not give you a full picture of what my expertise or holdings are. I do appreciate the concern though.
Ahhh, $GEIG hit by the $.01 Bid Test and "investors" missed that. I guess the 10-Ks and 10-Qs missed that part.
The volume spiked a couple months ago and traders were excited when the pps jumped two times. Dilutors aren't backing off now it seems to allow a run again.
Now the "investor" pep talks kick in to replace the forward looking statements...