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Anyone know why the Defendants' counsel submitted a motion to withdraw as counsel?
Aren't the shares restricted until the SB4 is filed with and accepted by the SEC? I'm curious as to where he is getting the 6 month minimum from. It doesn't seem likely that the company would tell him that it will take them 6 months to file the SB4. Although, based upon historical evidence, 6 months may = "soon".
From the last PR -
"The Company will soon be filing an SB4 in order to free up the 100,000,000 shares that were exchanged with the Playstar shareholders"
Hopefully not fuel saver pills...
What are you talking about, "its got nothing to do (w)ith us"?
C W Young = Clayton Young...do a search for the e-mail address. Look at his phone number...not exactly the same but the same area code and exchange. Look on a map or read the link in my previous post...Jacksonville, NY is part of Ulysses, NY. I'm barking up the wrong tree?
Ulysses is the name of the town (NY)
Clayton W. Young
I've been thinking about trying to pick up some more shares in this price range. I don't know how many are out there to buy though. There hasn't been any volume lately and I'm guessing that most of the remaining frustrated longs dumped their shares on the last dip. I might put out a GTC order sometime in the future and wait for someone else to give up, but I won't chase it to .002. Not until the lawsuit has been settled or GB does something that positive that can be substantiated.
It means it is his "goal" to uplist from the pink sheets to the otc bb...back to where the stock used to trade before he stopped filing the company's financial reports with the SEC. It would be a step in the right direction, but I don't know if that is even possible:
"Following the removal of an issuer's security pursuant to this paragraph (e), such security shall not be eligible for quotation until the issuer has timely filed in a complete form all required annual and quarterly reports due in a one-year period. For purposes of this paragraph, a report filed within any applicable extensions permitted by Rule 12b-25 under the Exchange Act will be considered timely filed."
I don't see how the company could move back to the otc bb since he has not been filing the quarterly reports "timely", in fact, he hasn't been filing them at all. I don't know, maybe there is some other exception or interpretation of the rule.
I don't believe the lawsuit has been settled. Another oral argument has been set for 10/30.
http://www.superiorcourt.maricopa.gov/docket/CivilCourtCases/caseSearch.asp
Case #: CV2006-004615
Like you, I have been stuck here for what seems like an eternity. I can't believe it has gotten to this point...but even our resident naysayers have to admit that a market cap of $130,000+/- is undervalued and a bit ridiculous. Right? Perhaps not.
I am no longer waiting for the day that the warranty business will turn around, or the day that the motorcycle rental business begins to flourish. Instead, I wait for the "pump" to begin that will allow GB and/or the company to sell shares. That can't happen down here in the land of the sub-sub-subbers.
New "CEO's Corner":
July 11, 2007
The Motorcycle Rental interest level and prospects has been very good in the last few months, we have been working with people from just about every state in the Union, that are interested in opening a rental operation. The common thread is that individuals are wanting to replace their existing job or business with a fun and exciting business like motorcycle rentals and existing motorcycle store owners have discovered that motorcycle rentals can and will improve their business and that rentals sell motorcycles.
Most of the activity has come from the sunbelt states of Arizona, California, Florida and Texas. This along with the interest we are getting from the entire Midwest and other Sunbelt locations will provide many excellent locations in 2008.
July is here, the heat of the summer is here, and that will slow some of the activity in the southwestern states, we had a good spring and lots of motorcycle activity across the U.S., with the opening of the Key Largo, Florida, Greer/Greenville, S.C., Port Aransas, (Corpus Christi) Texas, and the Salt Lake City, Utah rental stores.
A new store is projected to open in Charleston, S.C., Coeur D’ Alene, Id. area, and Houston, Texas in August 2007. Two stores in Las Vegas, NV, Miami/Miami Beach and Orlando, Florida; Oceanside and San Diego, California, plus Phoenix and Tucson, Arizona locations that will open in August or early September 2007. Several other stores in Ohio, Pennsylvania, Texas, Florida and California are very close. The Northeast United States has a lot of motorcycle rental prospects and we feel we will get stores open yet this year or early next. We are close on D.C., N.H., and the Boston area.
Mechanical Breakdown Administrators, Inc. has been busy working on several new automobile warranties, including new programs for Motorcycles and R.V.’s. We are very close to completing the entire redoing of our accounting process, procedures, complete with new accounting and audit staff. It is our goal to reapply for our Bulletin Board status and get approved by late 2007 or early 2008.
Look for our next update 10/31/2007
Thank you,
Gaylen Brotherson
Am I correct in assuming that if the dividend record date was officially set for 6/22, then the dividend would be listed on the otc daily list? I searched the dividends listed for 6/1-7/31 and can't find anything for PLYCF or NWWV. Am I missing something or is it possible that the dates will be reset and the dividend officially listed sometime in the near future? Thanks.
Lots of new "opening soon" & "reserved" rental locations on the website. Of course that has happened before...
Also seems to be some progress on the legal front. Not quite sure if it is positive or negative but MBAH needs to get those issues resolved so it can move forward. Even with all its warts, MBAH is very clean compared to other pinkies and I'm hoping that it will eventually have its day in the sun.
O/S has not decreased. The number in the SEC filing is accurate. It is possible that additional dilution has occurred since the filing date, but not much based upon daily trading volume. IMO - worst case scenario = approx 230 million O/S...but I doubt that it has increased that much over the past several months.
At least he appointed a new independent auditor and filed an 8-K. Gives me a small bit of hope that he intends to continue filing the financials. I really don't think it would take all that much for this stock to have a nice run given the current O/S & A/S. If it can see enough volume to clear out the shares of the suffering longs who are just hoping for a chance to sell their remaining shares...then this thing could see .01-.02+ quickly.
Total O/S is approx 220,000,000 (I'm not aware of any dilution since the last filing - but since this is a pink you never know...)
Total A/S is 350,000,000
Float is approx 170,000,000 (assuming GB still holds his shares)
No reverse split...there was a 10-1 forward split early in 2004.
Well that's good...
Anybody have Level II? Is FANC anywhere on the ask? TIA.
Huh? That logic makes no sense. All shareholders of record on 12/1 receive the dividend. If these shareholders sell their EQBM shares on or before 12/15 they also are selling their dividend to the purchaser.
Are you stating that if these purchasers (let's say they bought the shares on 12/5) then turn around and sell their EQBM shares on or before 12/15 they get to keep the dividend because they weren't shareholders of record on 12/1?
All purchases and sales are currently being done on a dividend-on basis. You get the dividend if you own shares at the close on 12/15.
JMHO
IMO - You can buy up until 12/15 to get the dividend. See my earlier post...
http://www.investorshub.com/boards/read_msg.asp?message_id=15127722
Q. What does "Will not be quoted Ex" really mean?
My interpretation is as follows:
1) If you own shares as of the close today, you will be a shareholder on the record date (12/1) and will receive the dividend payment from the company. BUT...see below...
2) The ex-dividend date is 12/18 (12/16 is a Saturday).
3) If you sell your shares prior to 12/18, you are selling them on a "dividend-on" basis. Meaning you are not only selling your EQBM shares, but you are also selling your SOMPF dividend shares and warrants. These will be delivered to the purchaser.
4) If you buy shares after today and through 12/15 (payment date), you are buying EQBM shares on a "dividend-on" basis. Although you will not receive the dividend payment directly from the company (since you weren't a shareholder on the record date), you WILL receive the dividend from the seller of the EQBM shares.
All JMHO. Please base your trading decisions upon your own research.
http://www.sec.gov/answers/dividen.htm
http://www.ex-dividend.com/howitworks.html
Ameritrade accepted my buy order.
MBAH 10-Q filed...profit!
Net income for the 3 mo period ending 7/31/06 = 109,817
Net Income for 3 months ended 7/31/06 = 109,817!
Is that as of the close or as of the beginning of the trading day?
Where did you get your float figure of 280 million?
If I am not mistaken, the TOTAL O/S has remained around 215 million for the past several months. Of that, approximately 50 million is held by the CEO. Leaves a float of around 165 million.
I don't have a problem if the company is dumping shares in order to finalize a deal or get the Frankfurt trading up and running. Maybe some of them German's stopped by to instill a little bit of fear and doubt...knowing that the company would be issuing shares (and the PPS would dip)...hoping that you would play along and sell yours too...
The extension is for 5 calendar days. The 10-Q is now due tomorrow.
I like your optimism! The NT 10-Q has been filed. At least they didn't wait until after hours to file the extension. Now the real countdown begins.
IMJX is back on the 9/12/06 Reg Sho List. I guess Mr. MM thinks he might as well short the stock and then cover as the company sells new shares. There had better be something juicy on the back end of this dilution...
That would be great! But...I'm expecting to see an extension filed for the 10Q. Wouldn't be the end of the world as long as the filing is submitted before the extended deadline.
Yep - all of the trades have been at the ask.
Thanks king...
And thanks for your efforts in bringing a little bit of life to the board. I've been waiting a looooong time to make some money on MBAH. The stars are beginning to align...
MBAH's $620k judgement was mentioned in July CEO's Corner:
CEO's Corner
Monthly Commentary on happenings at MBA Holdings
MBA Holdings CEO, Gaylen Brotherson
July 17, 2006
We have made many positive steps in the last few months. Our call centers are actively working in Scottsdale and several other areas. We have finished our quarterly audit complete and it is now filed. We hired new auditors -- Epstein, Weber and Conover of Scottsdale, Az. They have asked to pass on to shareholders that they consider it a conflict to take calls from shareholders and I hereby ask you not to call them. We are also hiring new accounting staff, and are simplifying our accounting and employees' lives by having transferred the ownership of the Phoenix and Las Vegas rental stores back to their original owners. We finally had one of our days in court with Mr. Ordakowski and we received an award of an additional partial judgment against the founder of Blue Sky Motorcycle Rentals, Inc. The two judgments now total $622,000.00 but those are still partial and we will be going to court again. The judge has awarded us several websites including www.rentachopper.com and www.blueskymotorcyclerentals.com, which should be transferred to us very soon.
We have been working hard on enhancing our websites and we have completed the re-engineering of the Street Eagle and Rent2Ride websites. We have added some very nice features which includes better integration with the WorldWide Motorcycle Rentals software system. These sites are also now multi-lingual, with translations into eight other languages, including Chinese, German, Japanese, Korean, French, Italian, Portuguese and Spanish. We hope these translations will expand our customer base worldwide. We have also added this translation feature to the MBA Direct warranty site, which we hope will help us gain customers in the United States that speak languages other than English. We appreciate any feedback from customers who speak those languages.
Website language translation is provided by AltaVisa's Babelfish language translator, which is a free service.
Hope everyone had a great 4th of July and have a great summer.
Thank You,
Gaylen Brotherson-CEO
Welcome Barry...
col4binn
LOL - well there were as many posts here today as there were trades
The volume certainly has some room to grow...
Are we gonna see a block trade of 1.5 mill shares or so at .016 in the next 15-20 minutes?
Prior to August, INTL (Intl Trading, Inc.) had traded a total of 583,959 shares this year (none in June and none in July). Over the past week+, this MM has been on the bid and has purchased a few million shares. Interesting...
Nice uptick here...
Yeah...that's him...lol
Unfortunately there's not a lot of info coming from the company. I think they are taking a different approach... Let the SEC filings show the progress and keep fluff PR's to a minimum or eliminate them altogether. This may be beneficial in the future, but for now provides for very few points of discussion. The only publicly known developments are with the lawsuit against the former company consultant (former owner of Blue Sky). I do believe that progress is being made...