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Anyone claiming to get inside information from a telephone call is full of shit. Reputable public companies do not do that sort of thing. It is an attempt to get people to buy the stock.
The scoreboard says the stock is down. Again.
Then, why is it that IDEX can never stay close to $0.05? The shorts couldn't be happier with where IDEX is now.
You should check out the latest 8-K. Just when you thought the implosion of ABQQ couldn't get any worse. Family members won't support you or the company and the stock price is in the low trips.
If the latest 8-K doesn't say everything you need to know about ABQQ, then nothing ever will. Pops either fired sonny by, or sonny boy quit. Either way, that is the SECOND family member to be the CFO and left. Remember lil sis?
I can hear the convo between Ding Dong and sonny boy right now...
"Hey dad, the grocery store won't take shares of stock to pay for food anymore, and my landlord said the same thing about rent."
"What did they say?"
"That the shares are pretty much worthless, which is true."
"Did you tell them who I am?"
"Of course. But, they didn't believe me when I told them you are more successful than Stephen Spielberg."
"I see. What are you going to do now?"
"Well, I'll need my paper route back from you dad, and summer is coming up. So, I will set up the lemonade stand again. I made WAY more money doing those things than working here."
"But, what about me? How will I eat?"
"I heard the popcorn at the theatre in NY is pretty good."
On a serious note, the fact that even those closest to Ding Dong won't support him and the company really says a lot. Especially for an Asian family.
Everyone see what is coming on the 52 week chart? A big decrease in the 52 week high. That's what. And there is only a very small window in July where it is even above $0.01. It will be quite a milestone when it goes below $0.01 for a solid 52 weeks.
Is that why it is down for the day?
Too damn funny. And, it's probably only 250 shares.
Then you must have lost money today because it closed down. Nice job.
The ABQQ entertainment value is still strong. A total of 2 trades with 15K shares. A cup of coffee costs more. Literally.
You say that on almost EVERY board you post on and it NEVER comes true. Ever. No one takes you seriously.
All anyone taking you seriously has to do is look at your track record. How many other stocks have you said "$1.00 coming soon?" They are countless. I'm sure one of the considerations in doing DD is track record. And that includes listening to you.
I'm sure everyone that has shorted this is very happy with their return once they cover.
Well, it is down from a 52 week high of $0.89. So, it is safe to say that most investors are WAY down. Most likely including yourself.
Looking at the 52 week chart, I noticed that ABQQ hasn't traded over $0.01 in a long, long time. And that was when the OS was about 1/3 of what it is now.
If ABQQ is really looking for another stream of revenue, they should show other loser stocks how to print and issue worthless shares. Because ABQQ are experts at that.
Wow. ABQQ sure is doing awesome. Making your son be the CFO, even though he has absolutely no financial or accounting background. Because even lil sis, who does have at least some background in finance and accounting, knows what an absolute train wreck ABQQ is. That says a lot. Know what says even more? The money Ding Dong and son put into the company this fiscal year is a liability and not a purchase of stock. Now, why would they do that? If they had confidence in the company, why not buy stock and show investors there is hope. As it is, ABQQ owes them almost $1MM.
I think we can both agree, ABQQ is a POS stock that has no chance of ever going anywhere. Over a BILLION shares outstanding, with another 9 BILLION ready to go. Oh, but there is never going to be a RS.
Scoreboard says it all.
BWAHAHAHA!!!!!
Based on the latest balance sheet, there is no convertible debt. So, I don't know what you are talking about. Are you referring to the preferred stock?
That's right. Keep holding all the way down to trips.
You know, there might just be a reason ABQQ doesn't have any debt. That is most likely because no one will lend them anything. You see, lenders only lend when they think they will be repaid. ABQQ's cash flow is so weak, there is no way to support what little operations they have AND any debt payments. The only real play ABQQ has is to keep issuing shares, and the stock price is already down in the "scam" range.
Looking at the latest Form 8-K, it seems like there is a lot of movement of BOD and officers. The new CFO likes to job hop a lot. It doesn't create a stable environment.
No, there aren't any. But, they do have preferred shares that would blow up the OS of common. I'd rather have debt than the preferred they have.
Not a surprise, but the stock price struggles to even stay at $0.0003 now. I wonder what Ding Dong thought after his three day binge when he bought shares at $2.00, and what he thinks now.
His track record says it all.
By now it is safe to say ABQQ will languish in the low trips for a long, long time. Sure, it may pop into the mid trips when ABQQ pumps it up for the PPM shareholders.
Hope the ride down from $0.89 has been fun.
And yet, the stock is down over 7% already this morning.
In ABQQ's case, potential investors are not interested in the stock because the company is a POS and can couldn't make a profit if their life depended on it.
If ABQQ has any hope of ever getting back to the QB, the RS is going to have to be like 1:100. That's the reality. There's no point in going from $0.0002 to $0.0004.
It's always good to have some perspective every once in a while. Here's some for ya. ABQQ is trading right at a stock that I used to follow that hasn't had operations in over 10 years that turned out to be a total scam. That means ABQQ is no better off than that company. Heck, a lemonade stand in the cold of winter would trade higher than ABQQ.
Didn't you buy in around $0.80? How long before we hear "$1.00 coming soon?"
At this point, investors are probably wondering when ABQQ is just going to file Form 15 and get it over with.
From the looks of it, there are literally millions more of cheap shares available. You should grab all you can. After all, I'm sure you think "$1.00 coming soon."
I see the filing of the 10-Q on Friday caused a real frenzy in ABQQ's stock this morning. The market has been open 1 hour and there is only 1 trade for 5K shares. A whopping $1.50.
The rallying call for ABQQ should now be "bagholders unite!!!" And with over 1 BILLION shares OS, there are lots of 'em.
I would have posted yesterday, but I've been laughing almost uncontrollably since I skimmed their 10-Q that they filed.
First of all, let's congratulate ABQQ. They made it. Over 1 BILLION shares outstanding as of yesterday. Great job.
Let's start with the balance sheet. Cash went up. Good for them. Due to stockholders went up over $500K. Just goes to show Deng Dong is even dumber than we thought he was by putting money into a loser company. They probably put the money in out of pure embarrassment for the plummeting stock price over the last 2 years.
Ah, the income statement. I laughed so hard I almost peed myself. Magnificent. Losing $1.3MM on $535K revenue. That shows real talent. They pretty much did the same Q2 as they did Q1. Which means they didn't learn anything from the first 3 months.
The statement of stockholders equity is a mess. The presentation is horrible. Seriously, a brand new staff out of school could do a better job. But, there are three eye catchers for me. One, the issuance of preferred shares. Didn't they say no more issuance of those? The big one though is that the 171K shares of preferred converted into almost 300MM shares of common. Second, the sale of 200MM shares of common. I'll give them credit, they got $0.0007 per share, which is 2-3 times what the current stock price is. Lastly, the dividend. That is a real kick in the teeth for investors.
Moving onto the statement of cash flows. "Executive salaries and consulting fees paid in stock." So, if they had paid what they should have paid in cash, they'd have almost no money left. Got it.
Of course, the notes give some good insight. FN13 says it all. ABQQ continues to go down the road of chasing IP revenue by buying rights for a segment of the business that lost $2.3MM in six months. Pure awesome.
That's your investment investors. And, the stock price is still way too high.
ABQQ must really be panicking now as the pumping is no longer effective and the OS continues to soar.
Funny how you never hear anything about making any more movies. You'd think a director who was said to be more successful than Stephen Spielberg would make more movies.
Looks like ABQQ is pumping up the stock price for another big PPM dump. Not a surprise.
Not even ABQQ's pumping efforts could keep the stock price up with all of the PPMs dumping shares.
You really have to give ABQQ credit where credit is due. They are hilarious. Trying to tell investors and potential investors that they will repurchase the preferred shares. Obviously, I haven't seen the stock purchase agreements, but I can't imagine ABQQ has the right to repurchase the shares without the stockholders consent. Given where the stock price is now, the stockholders would probably welcome that because it is below even what they bought the preferred for.
$0.0002....BWAHAHAHAHAHA!!!!!