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I read the 10K and 8K about Apple Box.
I don't think Applebox can repossess the equipment because they received 350,000 plus an additional 94,000 for the equipment. Moon River defaulted on a promissory Note of $600,000 but the equipment was used to secure the other loan for 350K from Loeb Term Solutions. In the 10K Moon River clearly states that they are current on that loan.
The pre-production team should be very visible in a small town.
Has anybody seen any evidence?
Pennywiser , you have an ear to the ground. You hearing anything?
FOFU not FONU… close but no cigar
Not a single penny in revenue???????? 295 million shares????
Bad Rumors...
The guy in court last week with the Tweety Bird t-shirt and ponytail was not the fonu2 CEO or the COO both of which are incapable of producing a ponytail. The only fonu2 person there was wearing a button down shirt.
Got to admit, it does sound like something the CEO would wear but sorry its just a malicious rumor.
Don't think the COO is writing those posts on Facebook, Twitter, LinkedIn or Pinterest. He may be busy working on an acquisition.
Don't think the COO or CEO or Investment Banker care what the stock price is right now because its meaningless to them. What they do care about is the post acquisition value of a real company with solid financials. If you can't understand why this deal makes business sense to Wall Street, then never mind, you're not worth talking to.
BKRT seems to be gone now. Now what?
Still here. Not selling. everybody is so negative. Stop talking the stock down. If 9 of 10 people are saying stock is POS, then people run for the hills. I'm sitting tight and and staying calm.
Don't see anything about shareholders meeting this week, there have been no filings so it can't be happening.
Not worried at all. May go lower, that's good for me and others wishing to accumulate. Remember for every seller there's a buyer. Price now does now matter. You only realize losses when you sell. Still accumulating. When I finish I will hibernate until September (realistically that is how long it will take). I'll be quiet now. Everybody hates a positive voice on Investorshub.
pblax do you know darva? Is that the friend that tipped you on fonu2 that knew a friend that was involved. Who you trusted.
Darva has only existed for existed for 2 months and only follows fonu2.
Do you guys know something that the rest of us don't. Why don't you guys spill the beans.
Maybe I should stop thinking so much.
The reason I only follow one stock at a time is that I never leave anything to chance. In the past 6 weeks I have spent 400 hours investigating this company. I have talked to every one involved. I studied their backgrounds. Their employment history. I have spent over $10,000 with an investigator/researcher to dig deep. I know every person, every relationship and who they sleep with and where they go. This is serious business for me. I will not make the same mistake twice.
And in the last 15 minutes I figured out who you two are. BG and RB of Delray Beach and your trusted friend is JL of Boca Raton (I wouldn't trust him myself). Am I right? If you want to talk let me know and I will call you. If you are willing to do the research and spend a lot of money there is nothing you can't find out.
You are wrong about me being an insider, the only thing you know about me is my age. I had never heard about fonu2 until they announced their deal.
Do you really think these guys are going into the dumper? Why did their CEO cash in the bulk of his savings and buy company stock if he knew they were running out of town. There is a ton of real solid information / evidence all around you. No need to invent crap. Or comment on SEC filings that you haven''t even bothered to read (that was somebody else who happens to live very very close to me but very very far away from you).
pblax5 you have only existed for a couple of months and you have 11 posts all of which are for fonu2. You must be my evil twin. Did you create an ID for the sole purpose of trashing this stock. Seems like it.
It truly is an interesting accusation that you have made here.
Its Funny. Been following penny stocks for 20 years usually I read and keep my comments to myself. And you might notice I'm new to Fonu2. I started following with the big announcement ($50 million you know the one).
The truth is I follow Investment Bankers NOT penny stocks. In particular, I follow 2 investment bankers with extremely impressive records at picking big winners.
This one always has press releases that say NYSE member since 1925, there's only one.
Every time they come in and rescue a poor penny stock, the long suffering investors start yelling bull shit, POS stock, the sky is falling, dump this loser, and when enough people start listening the these sour puss whiners. The stock drops 75% when all around there is good news. Struggling company wins the lottery. Not time to dump. But they always do.
I called the Investor Relations guy in NY. I called the Corporate Relations guys in CA. Spent an hour with each. Called their COO and got about 20 minutes with him. All really sharp guys with a smart product and a good game plan. That little web-site does not even scratch the surface of what they are actually doing. These guys are not worried about the number of members, they are doing next to nothing with their social media membership drive. It was all very puzzling until I realized these members aren't members their partners (well at least 60% of em). Makes sense.
They remind me of QSII I owned their stock in the late 90's for several years while they traded between 25 and 40 cents and everybody was wondering what had happened to them. Then we started hearing really good news and nobody could believe it. Then came the conspiracy theories. Then the ridicule and then the shame (do you still own this stocks? what a fool). I think it got as low as 14 cents. Then it started going up. I sold at around 75 cents (big mistake). Then I watched it go to over $40
I started following fonu at 7 cents and the announcement. I waited for the "Chicken Littles". Stock dropped. I have been buying 20,000 and 50,000 blocks at 1.9 1.5 1.7 2.0 I am saving the big bucks at the 1.5 level
They are not going out of business. They will make an acquisition. Their stock will go up. I will sell at some at 50 cents and get back twice my investment. Now I have doubled my money and I still have more than half the stock left and I play it by ear. Is the deal good, earning trends, if they are good I hold on longer. If they stagnate I sell.
Note of Caution: I do pick some stinkers every once in a while. This is not one of them.
Advice, Buy now, hibernate until November (ignore the news and blogs, avoid ulcer), then develop exit strategy.
Terrific buying opportunity. These guys are not going out of business. Don't know why the panic. They are out hunting for an acquisition…. Weather the storm. Average down. It will be back over 4 cents before you know it
Powerbattles, please read the filings before you pass out advice based on ignorance. It's clear that you have no idea what s-8 stock is or have read the filing. This is their 2nd S-8 filing and if you look at their 10K and 10Qs you can see how they are using them. It went to their attorney and their auditor who just happens to be Malone Bailey http://www.malonebailey.com/
These guys are not your typical penny stock
I encourage everybody to do your own research. Don't take advice from ignorant contributors who don't read filings that they are commenting on and can't even spell properly
My point is we simply do not have the information to make a judgement. I know I don't. I look for people who I think absolutely know what's going on. Then I look at what THEY DO, NOT WHAT THEY SAY. WHAT THEY ACTUALLY DO.
Point # 4. CEO Robert Lees invested another $100,000 in FONU2 a couple of months ago. I think he knows what is going on.
5) Look at yahoo finance - insider trading. The 3 FONU2 directors are all accumulating shares. Not a single share sold by this group. I know that they know whats going on.
only red flag
6) The big question mark is former CEO Jeffrey Pollitt. He has dumped most of his shares. Looks like he might have been fired last year. ??? He was an odd ball anyways. Talked to him several times a couple of years ago and I wrote him off then. Sounded like a snake oil salesman and he didn't / couldn't answer any of my questions. I concluded he didn't know what he was talking about and had no real data. Glad he's gone.
I agree with Darva. Don't look at the past and all the old propaganda. This is a group that has rebuilt itself and is rising from the ashes.
Evidence:
1) A few months ago they hired Mark Kabbash, first class IR man. What is a guy like that doing here at FONU2. His name is on every press release.
2) Huge reputable NYSE brokerage house commits up to $50,000,000 to a company with $5M market cap. This is a brokerage with 100's of Wall Street analysts who I am sure did their due diligence and studied FONU2 business plan, evaluated their management team and concluded that they are worth more than 10 times their market cap. I am sure that these guys know 100 times more than any of us. and since we can't even find their business plan, I chose to trust their opinion.
3) Look on their web-site, look at their management team, look at the guy in the middle, now hit the link to his Linkedin profile. Wow. Jackpot. How does a company like FONU2 hire a top exec from Computer Sciences Corporation (EDS/HP and Xerox). A guy who has been consulting to Fortune 500 companies and running businesses with revenues in the 100s of millions all of his entire career.
Don't know about you but I'm accumulating shares while it's at 6 to 10 cents.
As a public company, they are required to issue a press release / filing when they sign a material deal like this. However, no reputable investment banker allows their name to be published. Usually they are only named after the "successful" acquisition. This is especially true with the wall street big boys, and these guys are an NYSE member firm since 1925. How many can say that. There are only 2 possibilities. Two Morningstar-rated funds with over $2.8 Billion of retail accounts - hmmm now there is only one possibility.
There is no mystery or downside here…
Is it a coincident that their "dumbest of dumb butt founder" mysteriously vanished the same day?
Now that was an even better move that they should have done a few years back. Hopefully he has crawled under a rock.
Much, much higher but it looks like one of the Wall Street establishment, with all their analysts are betting on them big time. 18 months ago these guys were a joke. But looking at their corporate website, they seem to have overhauled the management team. They may be on a winning track now.
It doesn't matter now…read last press release. It isn't hard to figure out who it is. They are going to NASDAQ