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Still waiting for the NY bar to make a ruling.
unfortunately, Sykes is a pimp - no better than any other stock promoter.
Hate to disappoint but the only way to make the financials available is publicly. Market makers can not be provided non-public info on a company's financials. reg FD was put in place to address what and how a company discloses information.
You are right - in a *T-Squared* mode of operations, it is best to make shareholders as confused as possible.
The shareholders have every right to pursue civil action against others associated with shares sold by the company and thus no longer property of the company. If shareholders believe that a market maker violated the laws of professional conduct, they can sue that market maker and the creditors have no right to that money because it is with respect to shares traded after the company released these shares from being a company asset. These shares, once on the public markets, are the assets of individual shareholders.
companies sue the markets on behalf of business interference. but companies have no control over shares they sold to the public. The SEC has already spoken on this.
I think you are mistaken. there are government agencies that are there as regulators of everything. Our government is responsible for crime prevention at state and federal levels but people still sue in civil court without the assistance of government agencies. Fraud, theft, personal injury are all handled at personal levels and without the expectation that the government will do the job for you.
The shareholders of Spongetech has a civil fraud claim they allege. it is their, and not the government's, responsibility to prove that claim. if proven these shareholders can sue the accused and the government if they choose. This is not criminal fraud the shareholders claim, this is civil fraud and thus civil restitution is based on civil claims brought by those cheated.
shareholders in SPNG INVESTED based on an expectation of a short squeeze not on fundamentals and they are now receiving the rewards of poor due diligence.
8. Even more disturbing is his veiled request that the Trustee pursue the "naked short sellers" when there have been repeated statements by the Court that it would be in appropriate to saddle the Debtor's creditors with the burden of investigating and pursuing any alleged naked short sale claims. The Court has made it abundantly clear to the Debtor's shareholders that they are free to pursue any claims that they believe that they possess against any "naked short sellers" as long as they act within the boundaries of the Bankruptcy Code and other applicable law. They have failed to do so.
me thinks there may be an issue with the reality of this *SEC Attorney*. why else speak of this person so repeatedly without identifying.
I believe that the name was provided in a subsequent post - unlike the name of this elusive SEC Attorney.
This is in fact the perfect example of a non trustworthy executive team. because nobody trusts them (including SOR) people make phone calls to third parties without all the facts and get different responses. It *is* the company's obligation to handle this and these people choose not to.
I hope that if all these unknowns are proven to be fraud that more than the SEC gets involved. there is no excuse for these games being played. None.
where's the picasso. LMAO
I don't get it. If this is such a huge value, why bid sit? There was 4 Million traded despite claims of 200 Million sitting on a bid $.0001 lower than the offer. The 35 Million at 0.0002 vs lifting the offer at 0.0003 is a whopping $3K. If it goes to just 0.0004 they cover that easily.
Clearly those claiming to be investors are not as they let this ENTIRE day slip by without a sale.
nope...never did.
Hard to pump garbage.
So the survivability of APEX and shareholder investment lies entirely with the actions of completely unrelated parties. And this is good?
Extremely disturbing...what this SOR is claiming is that the company is willfully allowing somebody to run the show without disclosing such to the public - and this SOR thinks that this is transparency?
new CEO? They said that almost a year ago. Only a corrupt company would keep the new CEO name Private a year later.
really? what filings are you referring to? The company is more than a year delinquent.
Aults position in this company is unknown as they are not current in their filings. He could have sold out his shares and you would never know it. the man is bankrupt after all.
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=5074553-36500-56643&SessionID=T--eHjaYAmt7c47
John M. Hickey.
Mr. Hickey became the President of the Company in January 2001. From 1995 to present Mr. Hickey has also worked for Apex Resources Group, Inc., a company engaged in the acquisition of interests in gas and oil properties and real estate interests. Mr. Hickey began with Apex Resources as the General Manager and currently serves as a director and Secretary of Apex Resources. Apex Resources is a reporting company.
John Ray Rask.
Since the early 1980's Mr. Rask has been owner and operator of Ray's Income Tax Service, a company that specializes in bookkeeping and the preparation of income tax returns. Mr. Rask became the Company Secretary/Treasurer in 2001. Since 1996, Mr. Rask has also served in various capacities with Apex Resources Group, Inc. He is currently a director and the President of Apex Resources. Apex Resources is a reporting company.
Stephen Golde.
Mr. Golde retired from the automotive industry in the 1990s and since that time his primary occupation has been that of a private investor. Mr. Golde owns 150,000 shares of Apex Resources Group. Mr. Golde is also a director of Apex Resources Group, Inc., a reporting company.
and if they list an office in Utah, why do the officers live way out of state?
President
John Ray Rask
1909 Monroe Ave.
Butte, MT 56701
Secretary
John M Hickey
307-1730 Pendrell St.
Vancouver, B.c., V6G-3A3
CA
Just curious as to why there is significant need to discuss what other companies are doing relative to Oil and Gas when the specifics involving Apex are being ignored.
For example, apex has finally filed with the state of Utah. But there is a problem. They list this address as their place of operation:
299 S. MAIN ST. STE 1300 Salt Lake City, UT 84111
https://secure.utah.gov/bes/action/details?entity=858154-0142
But a search of this EXACT address identifies that this suite is occupied by another company:
Aon Risk Services West, Inc.
Wells Fargo Center
299 So. Main Street
#1300
Salt Lake City, Utah, 84111 United States of America
http://www.aon.com/site/office.jsp?EmptyCountry=Select+a+Country&EmptyCity=Select+a+City&cn=United+States+of+America&cty=Salt+Lake+City
It is illogical to short a stock at $0.0001 as it would require two things:
1. The selling of a tremendous amount of shares to make it worth your while. A $10,000 investment requires the short sale of 100 Million shares.
2. The closure of the company. At $0.0001 it requires the stock to stop trading/deregistration before you can profit since the only place below $0.0001 is $0.0000. So based on 1 above, to get a $10,000 profit the company has to close and...
3. It is all or nothing at this level. It is not like there are interim price points between $0.0001 and $0.0000
So, all these claims of short selling to hold $0.0001 are uneducated claims. There is far greater risk than reward at this level which is why all those companies trading here and made these claims have been uncorked as insider fraud and not NSS.
"...facts are facts..."
Only when they are proven to be in fact - factual. I have witnessed that when it comes to EXPH there are many stated facts that are far from it. There has been discussion of manipulative trading that was debunked by those that were the actual seller and yet the error was never corrected - just moved along. There have been discussions of products prepared for delivery when facts show that these products are no where to be found. again these comments are never corrected but instead excused. The "facts" about trading irregularities is the most egregious of non-factual manipulation.
Really? Is every post about national security also applicable as oil is a matter of national interest and security? It is amusing that this is the best that anybody can use to pump Apex regardless of how it directly impacts Apex.
this is not a generic board about Oil and Gas. you are simply making speculative leaps that you have no clue as to the ultimate involvement in Apex. Exxon and what they do or invest has nothing to do with Apex. you might as well talk about every software development on the Microsoft board, talk about what Google is doing on the Yahoo board. you can even talk GM on the Ford board since they are both within the auto industry.
This is not an oil and gas board but an Apex board. make your posts about their board and not the generalities of Oil and Gas.
The facts:
so you are proud that a sum total of 3 people - at a minimum - are willing to invest a combined total of $7000 in this stock?
I was checking to see if the infamous person from the SEC that made this claims were revealed so that it could be verified but apparently not. it appears the "call and verify" proclamations were merely more EXPH smoke and mirrors.
several claim to have made this call and yet none who want to challenge it can without the individuals contact information. why? If the information can go out to people of like opinion, why not to people of unlike opinion?
i wonder, does anybody else have the actual name of the SEC attorney making all these claims. would like to speak to him/her but do not have the proper name/number.
exact name and phone number of attorney please.