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My guess is it’s the same paths he outlined before. The reality is unless the product sells there will be no relisting. I think he believes by the end of summer ABHI will be cash positive, then he will relist. After speaking with him as he eluded to in the presentation he believes the SEC is going after sub penny stocks. He wants this to be multi penny at least. Time will tell but I love the updates and I believe the product will be huge.
Agreed. This Fall and or Winter will be very interesting. I think Kevin is making the right moves now, its just gonna take a bit to get the results we all want. I absolutely understand everyones fustration.
Hi percival77 haven’t heard from you in a while hope all is well. Yes ABHI is in the “dead zone” until if and when we trade again. The consumer aco begins this week or next I’m still very optimistic we will bring this one back from the dead.
Absolutely!! Tenkay I’m changing the percentages:
60% your right
40% we are right
Big jump
Update out:
Yes I believe he’s going to waste his time just to create a video update to make sure we all know “catbell1952” is right. That’s got to be it.
We will get an update today or tomorrow per Kevin.
Let’s be honest 99% chance you are right.
1% chance I am right.
We will revisit these numbers when and if Kevin updates us.
He didn’t give me any specifics but he did say that even if ABHI got revoked he would be re filing the form 10. He said he would put out an update for everyone soon.
As expected we now own shares in a private Co. let’s all hope he refiles the form 10.
Hi dg33
I called a few minutes ago and got music for a second then Kevin answered.
Question for anyone knowledgeable on the matter, if ABHI accepts revocation can they (after refiling the form10) trade under abhi again? Or would they need a new ticker symbol?
They should imo there must have been some agreement on a time frame. Kevin is going to post another video update soon according to an email I just got from him.
Hearing by telephone Monday at 10am. Initial hearing. I tried to post the link but the document that states the date and time of the hearing is on the ambicom website. Next to the last investor update.
Best case scenario for next week ABHI argues for and the SEC grants a 3-6 month time frame to get current before having the next hearing. And IF ABHI has all The filings ready to go, success. Monday is just an initial hearing.
Hearing is in 14 days. Should see some filings before that.
I think they are separating the commercial product from the consumer product. The CEO has over 1 billion reasons to get this trading again, plus to grow a company like this it truely is the best way forward to be public. There are multiple ways to get this trading again and im very confident it will.
Wow! Thanks for posting. 1 million subscribers would be 39 million in revs. very affordable pricing. Im thinking the CEO's estimate of 2 million this year is way low.
I agree. That’s what I’m thinking.
For those who may be interested two ways ABHI can go.
E-Smart Tech v. SEC 3-10977 (2005)
Initially E-Smart tech (ESTT) was revoked by the admnistative judge for failing to file quarterly reports with the SEC. Before the final determination the company began to file some of but not all the required reports. The Administrative judge still revoked the companys stock.
Upon appeal the Board ruled that although the failure to provide timely filings was egregious and recurrent, (Both necessary elements to get revoked), the actions and statements by the company to get current that the likelyhood of future violations was not likely. So the stock was reinstated. So there are three elements here that are looked at:
(ESTT was later, several years after this, revoked yet again for similair reasons i.e. going BK)
1. Egregious,
2. Recurrent,
3. And Likely to continue in the future.
ABHI definitly has met the first 2 elements, their violations are egregious and recurrent. However if they can show the board they can file and that they are generating revenue and will not likely fail to file in the future they may get a favorable ruling.
The second way is probably more likely. To accept revocation and then refile as this means they would only need two years of filings vs every single one from their last 10Q. My point in posting this is to just prove there are a couple ways to get out of this mess as I believe they will.
Not inferring anything. He says right in the presentation that ABHI is using the EPA test to prove the product reduces energy consumption by 30% in a single use. Kevin’s words
Investor presentation 2/26
Slide #7
Minute 4:14
I’m not counting on Cellucci I’m counting on the EPA’s own test to prove the product works and can save the government tens of millions in a time where government budgets are on the chopping block. I’m counting on the evidence and due diligence in the white paper to convince whomever Cellucci can get it in front of to be persuaded. Cellucci used to be in charge of government contracts so he does have connections and now he has a great argument and product to sell.
Lol yeah they should just quit and go home. The product has been peer reviewed by Microsoft and IBM. Launch a marketing campaign to the very top of government is a good start using the governments own test to price efficiency. The white paper is evidence of proof of concept that they can use to market to the private sector as well. I’m sorry your just way off here.
Its marketing 101. The government is a huge potential customer, Dr Cellucci has proven contacts in the government. The White Paper goes to the very top of the executive branch with the new evidence of exactly how much money can be saved which could be 10s of millions if not more. Step 2 you present the paper/evidence to the media/ public showing how much the G could save thus creating leverage/ momentum. The White House can influence agecncies to use the product which is already on the government contracts aquistion site. Oh yeah it will also work in the private sector especially if the G begins using it. As far as peer reviewed they use the EPA's own test to show exactly how much it can save in money and resources. This is one of the best ways to market this tech.
Possibly however we don't know what their response to the action is yet. I suspect they will accept revocation but ask to keep the symbol ABHI. Im thinking we won't trade again till early summer, however by that time it is very possible that the company could be cash flow positive. Imagine an OTC co that just became current and is cash flow positive. Like i said legendary IMO.
1. The main reason why companies that get revoked usually never come back is because they are bankrupt. ABHI just got a cash infusion from the settlement and they also have equity investors.
2. If he doesn’t, that update will be exhibit A in the class action suit. He didn’t have to do that and I’m sure his lawyers advised against it.
Now that the lawsuits are done, ABHI can enter the consumer market. The update yesterday should get rid of any doubt this will trade again. BTW even though he can't say how much he did say ABHI got a cash infusion from the settlement, thats huge. Im still assuming he will accept revocation and then refile. Im more confident then ever that Im going to make serious money here.
This one will be talked about for years. An OTC legend.
I prefer to look at it whether or not I’ll be buying that summer house in the OBX.
It’s an action involving all the companies because that’s how the SEC classified it into one case/matter. One of the companies has already accepted revocation as ABHI will do soon. Then they will refile a form 10, file two years worth of filings and then wait for approval to trade again. So hold onto your butts we are about to hold shares in a private company for a couple months and then once approved, boooommmm!!
We will remind him all the time about the outcome here. Lol
Holding? That why I’m buying. I haven’t stopped buying imo this one is a game changer.
Birdy said it best:
Doubled my position today thanks to whoever sold them to me. I’ll sell them back to you this summer for multiple pennies.
Yes and I just got a reply from him saying ABHI is releasing a new and improved consumer version soon. Which is 100% ABHI rev.
I agree. This is huge news. Ill take everyones .0001s tomorrow.
Then again there is a reason why my I hub alias is He GONE. Because most folks who know me routinely say HE GONE HE GONE!!!!
I’m here with ya. The JV was nesessary so they have capital to use until they file a form 15. Imo they will accept revocation and refile then it will take a bit to get the 2 years of fins and FRNA approval.