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He deserves a rant. Whether on purpose or due to incompetency he misled investors. It's time for him to start getting straight with us instead of the incessantly optimistic outlooks he provides that go nowhere.
Doesn't seem to be much of a market.
Is there a question mark in the midst of the text in my post? That would indicate a question.
The odds of me getting an answer are close to zero, but we'll see. I'll report back if I do.
"Kevin,
I have 15 million shares of your stock that I bought at .001. At this moment, as you know, they are worthless.
I invested in ABHI because I BELIEVED what was said in the videos and press releases. None of what was said has come to pass that would be of benefit to shareholders.
Now we are delisted and the latest video once again gives hope to those of us who have suffered, on paper, substantial loses. What will be different going forward than what has happened over the past year, i.e., do you think there's truly a finite chance of ABHI in one form or another trading one day? With all due respect, I find the promises of the past which have not come to fruition to belie what is being said today.
I hope I am very wrong and remain, I believe rightly so, highly skeptical. I also hope you will be kind enough to respond to this email. Yes, I am looking for something positive to latch onto but please, only if you truly believe that it is a bon fide potential outcome."
An article about nothing. At least Seinfeld was funny.
"unleashed an open letter" The writer has quite a way with words. I ran the article through MS Word to see what reading level it would receive. I was shocked that it came out to grade 12.5. I thought it would have come out at an elementary school level of writing. That UBQU paid for that article is shocking.
The "flippers" on this board seem to have had the correct strategy.
I would think 1:100 if we ever start trading. If the company can generate revenues and make money we shouldn't have to issue more shares after that. That's two huge "ifs".
You raise a good point. Why does Kevin create these videos? One could give the obvious answer-- it's to keep people up-to-date. But the vast majority of what he discusses doesn't come to pass so why does he keep doing these videos? I guess he believes in what he's saying (or at least I hope he does).
When/if the stock starts trading again is what matters. And with Kevin at the helm, given his past performance, it's not looking good.
Remember this?
SANTA CRUZ, CA / ACCESSWIRE / July 21, 2017 / AmbiCom Holdings, Inc. (OTC PINK: ABHI), the leading provider of cloud based Active Optimization services for Personal Computers and servers, is pleased to announce that they have started the process of becoming current in their filings.
"Today, it's with excitement that I announce that we have retained the services of Business Executive Facilitators to begin our accounting that is required to comply with the SEC form 10 filings. The aim is to become current moving into the last quarter of 2017," stated Alain Lewand, CEO of Ambicom Holdings, Inc. "I would like to personally thank all of our shareholders for their patience in this process. We are moving in the right direction in bringing AmbiCom back to a formidable company with lofty goals ahead and bringing back value to all our shareholders and investors."
And this?
SANTA CRUZ, CA--(Marketwired - Oct 31, 2017) - AmbiCom Holdings, Inc. ( OTC : ABHI ), the leading provider of cloud based Active Optimization services for Personal Computers and servers, has engaged Marcum LLP of San Francisco, a member of the Marcum Group, as its financial auditor.
"As part of our goal of achieving SEC compliance this quarter, we have now executed an engagement contract with Marcum LLP. Marcum has a sterling reputation as one of the top tier audit firms for public companies," stated Kevin Cornell, Chief Executive Officer of AmbiCom.
And so many of us believed him. Was/is he a conman or just way over his head as CEO?
Seems more like personal blog of stocks owned by the writer than a true investment website. He has the earlier article just a few articles down on the link you provided. At least he could have updated the article which he didn't bother doing. The writer is not a source in which I have much faith but appreciate the link and can certainly could see how one could believe it was new news.
That article is a year old. It is not "news".
I'm responsible for both buying and not selling my shares. And I did that with the information at hand which included being up to date with fins by the end of 2017. That information was incorrect. What part of that was any shareholders "fault"?
On what do you base your optimism? There is nothing historically to suggest that what you are asserting has even an iota of occurring.
I'm pissed. I feel lied to and lack trust, I believe justifiably.
It doesn't matter what he says in his updates. What he has said in his updates has never come to pass. So what's the difference what he does or doesn't say? You know the saying-- fool me once shame on you, fool me twice shame on me. I no longer care what Kevin does or doesn't say. His credibility in my eyes has been destroyed. I think it is likely that he does not care what happens to shareholders.
And the financials will be submitted to the SEC during the Fall of 2017.
EVERYTHING Kevin has said over the last year has not come to pass in terms of the company's financials and his plans for the growth of a publicly traded company. I have little to no hope that we will get relisted. The fact that it was he that allowed this to happen in the first place is an excellent clue as to what will not transpire in the future.
It went in the only way it could go given management incompetence.
They may have the money but can run as private company.
Did he say our goose is cooked or that he still plans to resurrect a publicly traded company that will give value to our valueless shares?
I called the phone number on the AmbiCom website. I got music. Ongoing music. No voice mail. No answering machine. No nothing. Music.
I sent an email. It was not flattering but not rude, either. We'll see if I get an answer.
From the last few seconds of Kevin's Shareholder Update February 26 2018 YouTube video: "Things are starting to happen and they're happening very quickly." I guess it depends how one defines "things" and "quickly".
Doesn't matter. Someone wanted out and gave up their shares for .0001. Only thing that matters is if we get relisted which we know is wildly unlikely. I think Kevin is both FOS and incompetent.
Kevin has said a lot of things that have not come to pass. Let's hope that we have a more positive outcome this time. 15M shares on the line
Have to hope that the pharmaceutical companies don't make a push for regulation of CBD supplements given the first approval of a CBD drug. Not saying it will happen but it is one more variable to be aware of.
2M shares traded and up to 0003.
Wonder if that means something.
Thoughts?
Thank you for your politely worded message. Again, I suggest you look back on my previous posts (it's not too far back from the one that you replied to, initially) to discover the link. Also, if you do the online search I suggested you will find many links on your own. Meanwhile, I've since sold my shares of UBQU and unless I buy back I will indeed no longer be posting on this board. I suggest you start doing your own due diligence. GLTA
Looks like we're going out. Very pissed at Kevin. Total incompetence.
"Dosage varies from person to person." Of course. That is why dosage is stated in the article to which I did provide a link, in an earlier post, in mg/kg.
I encourage you to do some reading. You may want to preface your searches with "NIH" so that you read papers by researchers deemed credible by NIH.
Do your own due diligence or remain uninformed. I'm not here to do your work for you.
Maybe those posts provide potential new investors with information as to why they may want to wait for the latest quarter's results prior to investing.
Unfortunately, your claims are not science-based. That you heard or know of someone with epilepsy that took far less than the dosage stated in the article to which I provided a link is meaningless. We can't base dosage across a population on what someone heard about one person. Or several.
There is no recommended dosage. They recommend a dose with which to start off. That is different.
If you read the research on the use of CBD for epilepsy you, too, will know what I know. Having worked at the FDA at a senior level I think I know just slightly more than you about dosage and how it is determined. What you are telling me is anecdotal and has not been clinically established through research. That is why UBQU cannot make medical claims or suggest dosage and never will. You may want to obtain basic knowledge of both the regulation of vitamin/mineral/herbal supplements and the drug approval process.
There is a pharmaceutical company shooting for a May approval of the first CBD drug, in this case intractable forms of epilepsy especially in children. You can read about their research online. Also, CBD oil is not without potential side effects for people taking certain medications. You can read up on that, too.
Yes, I've taken HempLife products. The benefit did not outweigh the cost for me. Having said that, I know the product is of great benefit to many people.
ABHI got a cash settlement and PC Drivers' customers will remain their customers and ABHI will get zero hereafter. Someone who works with Kevin wrote to me and said something to that effect a few months ago when I asked a question about whether or not ABHI will get ongoing revenues from future PC Drivers' sales once the lawsuit was settled. The answer was the above.
Unless our shares are relisted/start trading on the open market ABHI can make a $1B and it will be meaningless to current shareholders. Kevin will be very wealthy and those of us who hold shares in non-retirement accounts will have write-offs.
Agree. 5mg or 10mg/gummy is nothing. How about 25mg gummies? But the real issue is that no one knows how much to take and for what. So taking a dose that works for anxiety/sleep disorders and pain is based on self-experimentation. Check https://www.medscape.com/viewarticle/853781
That will give you an idea of how much is needed to treat epilepsy. Better have some great health insurance! Five 5mg gummies per kg would mean a 100 lb child taking 227 gummies or 45 25mg capsules a day!
Your analogy is not analogous. UBQU was potentially raising a red flag by marketing to children that could bring the unwanted attention of government agencies. FDA and DEA, for example. They can sell plenty of gummies to adults, including me.
We don't need to provide soma (as in Brave New World) to our children. We don't know the correct mgs/kg to administer and it might vary by age and the purpose for why it is being administered. And those purposes are unclear. We also don't know the bioequivalency of CBD oil in a gummy relative to the oil itself.
CBD oil is not candy. DEA classifies CBD oil as a Schedule I drug. Here are some other Schedule I drugs: heroin, lysergic acid diethylamide (LSD), marijuana (cannabis), peyote, methaqualone, and 3,4-methylenedioxymethamphetamine (“Ecstasy”). Sugar is not on the list. Do I think CBD oil should be a Schedule I drug? Absolutely not, I think it's nuts but it doesn't matter what I think or you think. It is what it is, for now. And marketing to children is a bad idea for many reasons, especially that one.
That's the last I'm going to say on this subject. Believe what you want.
When UBQU decided to market their gummies to children I got so disgusted that I sold my 1.5M shares. I got about .0145 for them but that was just dumb luck, given the current share price.
I wrote to the company and mentioned all the reasons why marketing their gummies to kids made no sense and potentially put the company at risk with the FDA. They actually wrote back and thanked me for my feedback. That was 2 weeks ago.
Yesterday I got an email that said they have decided to only market gummies to adults. I immediately put in an order to buy back shares of the stock although at this point it's no longer going to be 1.5M shares. The issues raised by several people on this board is one reason. The other is that some of my profits from UBQU are being turned into a new fence for our backyard and the rest to pay my quarterly taxes. Thank you, UBQU.
In an earlier post I mentioned what the problems were with marketing gummies to children. It was an inane idea from a health care provider/former FDA employee's point of view (mine). You can look back and read that post if you have any interest in doing so.
Good write-up. Interesting how what he wrote about Zoom (ZMTP) may have moved the stock today but zero impact on HEMA. Of course meaningless long term as both stocks should do very well.
Thanks for the link on the MO of bashers. I see your post got deleted.
I worked at the FDA in veterinary medicine for years. Feline sarcomas are common and devastating. Cats are dead within a year. If a treatment is found that would be an enormous breakthrough. There is nothing now; surgery is an option but the tumor grows so rapidly it's not fair to the cat since it will recur with a vengeance. So the question becomes how likely is it that their product is effective? If preliminary studies show safety and efficacy then I predict the funding will be there. If it's not shown or they can't get the money to run even initial studies with more than one or a few cats, whether sarcomas or skin cancer, it's over.
I have been buying low-priced stocks for 35 years. Some go bankrupt. Others go up 10 - 25x. The game is for far more to go up than go to zero. I've done well over the years. Hopefully, past results will be indicative of what will happen with my investments in the future. I have a pension so will always have an income if worse comes to worse with these high-risk investments (although my wife will not be pleased). Without that cushion I'm sure I would have been playing a more conservative game over the past many years.