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I am not against a shareholders meeting. I am confident in the CEO and his ability to direct this company. When he feels its time to have a shareholders conference or meeting I will be part of it. I am not a freeloader here as I have plenty of my own scratch in the game. Most of it was given to the LI group. The problem is I gave before I visited them. I was sick on my flight back home as I knew it was a poor investment. I praise Simpson for at least giving my hard earned money a fighting chance.
I guess I hit a nerve. This would be the case of those that were part of "The Den of Thieves"
You arte mixing up the current mojo with the last one. That was a non existing shell with ZERO product raising money. Not only that they hired someone to push the stock. We have a real company here billyboy or matt or rainmaker or maybe even analyzeverday (whom has gone bye bye)only to re-appear under another obvious name. Bottom line you all have identical resumes.
Amen alstocks very fair comments.
Yes then verify the info from analyzeveryday who must be very busy as his resume became public. He must me getting calls for employment every day.
Can't be Sunny D as billyboy already has mentioned that mojo needs its own facility and was picking on the fact that mojo is bottled there. Naked is a very successful so they can't be bottling there or could they!! If they were than what sense does billyboy make? maybe billyboy (AKA Einstein) knows
Wouldn't it be nice to grow and have the volume of Naked's juice sales. By the way does anyone know where Naked is bottled?
Oh thanks so much Billy now I understand
You have him mixed up with LI Pete. Nice try though. At least we have a product line unlike the last Mojo that was derived in Mars
Up 1.65 pre market that is CYTR
Resume's are facts of one's past and what's to be expected of the present.
You know that answer
Analyzeveryday's Resume Part 11
Lawsuit shines new light on a little stock with big troubles
Chad Eric WattStaff Writer
ALTAMONTE SPRINGS -- FinancialWeb.com's Stock Detective built a reputation for uncovering "stinky stocks," those manipulated by unethical investors looking to capitalize on the Internet's capacity for hype.
The now-defunct Web site never inspected its own company's shares.
Maybe it should have.
Last June, a federal crackdown on Mob manipulation of stocks identified FinancialWeb's own stock as the subject of an Internet "pump-and-dump" scam ("Little stock, big troubles," Orlando Business Journal, June 6, 2000).
Now, a class-action suit suggests the company wasn't just a victim. A California investor in FinancialWeb alleges the company lined the pockets of insiders and consultants with millions of shares of stock; that a co-founder was a convicted felon still on probation; and that the company's largest single shareholder had twice been suspended from the Chicago Mercantile Exchange.
Named as defendants in the suit are Kevin Lichtman, former CEO; James P. Gagel, the company's former executive vice president; Jere John Lane, its former auditor; and the firm Robb Peck McCooey Clearing Corp. Lane declined to comment. Lichtman, Gagel and Robb Peck did not return calls seeking comment.
Pump and dump
Formed in July 1997, FinancialWeb.com never showed a profit. In November of last year, creditors foreclosed and sold its assets.
Today, the stock is worthless. It last traded at a half-cent per share on Dec. 20 after topping the $10 mark in the previous year.
But in its early years, it made a name as a consumer watchdog dedicated to sniffing out bad stocks -- especially stocks involved in so-called "pump-and-dump" schemes.
By touting a tiny and unfamiliar stock to unsuspecting investors through the Internet, unscrupulous market players have been able to reap windfalls by "pumping" the price of a stock entirely on hype -- then dumping the stock before the price collapses.
Crusading against such scams earned FinancialWeb's editorial staff praise from business publications and government regulators. In its short life, FinancialWeb garnered mentions in business publications including, Forbes, Barron's, Businessweek, The Wall Street Journal and Money.
But that's what FinancialWeb's largest single shareholder, a Chicago trader and company consultant named Glenn Laken, was indicted for in June.
The Web site's staff was in the dark
"We didn't know anything about this until the guy was indicted -- it made us look like hypocrites," says former Editor-in-chief Carl Surran.
A rogue's gallery?
Potential investors also were in the dark about FinancialWeb's largest options holders, the lawsuit contends.
Laken and another company consultant, John J. Katsock Jr., each received options on 1 million shares in early 1999. A year and a half later, the company revealed those immediately vested options added nearly $27.6 million in costs to FinancialWeb's bottom line.
The two consultants' agreements were notable for another reason: a lack of specifics. According to SEC filings, there was no defined role for the consultants. There was no specific dollar value placed on their work.
Yet the deal appeared to make Laken and Katsock the two largest stockholders -- with 15.7 and 14.4 percent of its value, according to federal filings.
There were more surprises. In addition to his June indictment, Laken had been twice suspended from commodities trading on the Chicago Mercantile Exchange. In one instance, he punched and seriously injured another trader on the exchange floor.
And Jack Cabasso, identified as a co-founder of FinancialWeb, was a convicted felon who in 1999 received millions of shares of FinancialWeb stock based on a previously undisclosed verbal agreement with co-founder Lichtman, then the chief executive officer of FinancialWeb. Cabasso, who had been convicted of jury tampering, was on parole when the company was organized. He also was involved in personal bankruptcy proceedings, according to the civil lawsuit.
In its last SEC filing, the company acknowledged Cabasso's role in forming the company and that Cabasso and companies he controlled received options on about 3.1 million shares. According to the filing, Lichtman and Cabasso "had an oral understanding" that Cabasso would "own half" of FinancialWeb's stock.
By contrast, four private placements between January and April distributed about 2.6 million shares among about 100 investors.
The filing revealing Cabasso's role came too late for investors to be warned off. FinancialWeb did not notify the SEC of his holdings until June -- even though the SEC requires such disclosures to be filed within 90 days of the end of the year.
Editor Surran says he only knew of Cabasso as the "money man" in the company's start-up. The criminal history was unknown to Surran until it was mentioned in the SEC filing. "What I would like to know is if Kevin Lichtman knew about that," Surran says.
'Like a death knell'
The Laken and Cabasso deals were just part of the problem. FinancialWeb issued options on millions of shares to board members and insiders, giving them the potential to reap massive rewards.
Some of the stock deals were wildly generous. Among the stock options given to executives, Gagel, FinancialWeb's general counsel, received the option to purchase 10,000 shares for just $10. Even if the stock had been trading at just $1 a share, when Gagel exercised his options, he would stand to to make $9,990.
The flood of new shares diluted the value of stock held by shareholders. They also account for the bulk of FinancialWeb's reported $57.8 million net loss in 1999: Fully $45.3 million of that loss could be traced to the company's stock-based consulting fees.
In June of last year, when federal indictments revealed the company's own stock was involved in a pump-and-dump scam, little of that was known. At the time, company officers maintained the scam was the work of an outsider.
Still, says Surran, "It was like a death knell came over our office."
Yet the site continued to operate for another five months.
In October -- less than two weeks before the company laid off most of its staff -- Money magazine put FinancialWeb on its list of the top 50 financial information Web sites.
"We tried to do some good things," says Surran.
But by then, he admits, FinancialWeb's fate had been sealed.
Bob Davis, a free-lance reporter who wrote for FinancialWeb's Stock Detective in the wake of Laken's indictment, insists "the Web site and the company is absolutely legitimate."
In fact, Davis has continued the stock watchdog work he did for FinancialWeb on his own Web site, The Napeague Letter (http://www.napeague.com). Still, he says, the only way to make smart investments is to do your own homework. "Don't believe anything you read on the Internet," he advises. "Including me."
by Taboola
Your middle name
We are both on the same side here. Take it for what you want to make of it for now. My comments will be supported in the future. By the way why did you decide to be the I-hub mojo moderator?
They fill in the North East. They have the capacity to meet any orders of any size and of any duration. They also have the capability of shipping product to any state in the US.
They fill in the North East. They have the capacity to meet any orders of any size and of any duration. They also have the capability of shipping product to any state in the US.
Whatever you feel comfortable with in managing your portfolio
Two things are obvious here. One is Chiquita in my opinion would only endorse a high quality product. The name Chiquita represents every household in the world. I would also believe they are in the business to make money so I am sure there is some type of financial obligation from MoJo.
It is very normal for a public company to pay debt with shares while they are growing. It is also true that they lure good employees the same way. I also believe that these shares are Restricted so I doubt if they appear in the float.
The last Q. Its in black and white. I suggest you do the same its public knowledge. It appears that the Q filings are climbing up a ladder of success. We will see but it is in that direction as opposed to a year ago.
So if there wasn't news you would bitch about that. Go to another board and find someone who cares. So far all we know about you is your IQ and inability to read.
I read that they have just under 3/4 mil in assets. You are either short or trying to drive the price down for your own buying. You need to be fair here and write what you read rather than act like an ostrich. I remember where this company was a year ago. What a turnaround after 2 months of shipping. You are a weeklypick so stay with the horses. If you bet against this pony you will continue to be a loser. Post lies on another board.
Glad you are on top of things. I'm sure when the time comes Mr Baggot will update the shareholders. looking forward to become fully reportable. I understand that you would not be doing this is if "the lights were out" it would make no sense at all. glad you are around my friend.
Thanks David. You were very helpful. Your insight was a breath of fresh air. You will see that P7075 will never be satisfied with any answers. He will question your questions. Thanks again David
Maybe you should sell then and move your positions to more un flatlined stocks. Whiners like you are born losers and remain that way. move on scum
You need to be specific here. You are making a serious comment about public company policies here. This could get someone including yourself in more trouble than you want.
Let me try to understand what you are saying. WHAT company gave you R shares and now gave you additional shares to keep you in and not sell? I need you comments or your past comments will be addressed by the proper authorities immediately.
If you own this stock and would enjoy seeing it go to $1.00 tells me one thing. You and a bag of rocks have equal IQ's
$1.00 good luck seeing anything close to that. The avg is way too high for this stock to get into that area. Most bottom feeders like yourself feed on scum This is Chiquita Tropicals juice that is selling.
Thanks jo. I'll take it either way as long as its in there.
I don't want to ask that of a CEO. I'm not sure that can be shared if true before its publically announced. I'll wait for all news as the company sees fit to announce it. I have my fingers crossed that your comment is true.
I have no knowledge of any Walmart deal. I know one thing that if that's true as you stated then this company takes another path. I also know that Walmart is a national chain(US and outside US) they don't buy for NJ alone. This would be huge if your comment is correct.
Couldn't agree more. No Chiquita would be a tough haul. I like the team here, their experience and the quality of the juice. I have tasted all of them. My favorite is the Mango. The taste is remarkable and has a great mango fruit taste. I heard it is because they use the Alfonso mango which is the most expensive and the best tasting. These little things plus management coupled with the Chiquita brand gives this company a good shot. You can read Mr Simpsons bio and it tells the story with his past success and relationships in the juice industry.
I also will keep every share of CQB. The way I see it if CQB endorses it then it should be good. I look at the CEO and the people involved and was extremely impressed. Good luck to all "Go CQB & Mojo"
I believe that will happen in the near future. They only have been shipping for a month or so. It seems that they also have revenue. I also have bought the stock only because of the taste and its affiliation with a household name like Chiquita.Chiquita does not brand anything so IMO this thing could really fly. I first bought it in a ShopRite in NY. Yes I agree its not all around our local stores. however it is out there. Give it time.
Mojo Organics has an awesome great tasting product line. It bears the Chiquita label. Try it its in over 2000 stores in its first month. If you cant find it go on Amazon and type in Chiquita Tropicals. IMO the stock looks to be a value buy long term.
You can go on Amazon and type in Chiquita Tropicals and buy all you want.