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lol, I missed the 2007 mention. Ugh.
I thought maybe Larry came out of hibernation..... nope. Same ol, same ol.
Hey Larry, what is up????????????????????????????????????????????????????????????????????
Are you alive?????????????????????????????????????????????????????????????????????????????????????????????????????
Will you ever follow through on ONE thing that you promised??????????????????????????????????????????????????????????????????????????????????????????????????????
Is there something new here?
A lot of this seems to be a repeat from PR's done long ago?
I did notice the word FINAL regarding the contract, is that new?
I also noticed EQBM being mentioned with SOMA and Dalian which might be new?
Any thoughts on if this is really new, or is this some retreaded PR sent out to sell some more Larry shares into a blind market that might buy a few from him?
I am extremely skeptical if anything that happens at here, but since I still own a boatload of shares my hope is that something/anything happens here that will spur new investors, and a share price that will see much better days. Hope springs eternal....
I was going to say a lot until I read couch's positive thinking Post.
I cannot even feel the pain anymore because I am numb to this nonsense.
I have tried to call Larry numerous times recently but it always goes to a voicemail.
Whatever happened to never? Did he go underground yet.....
righty, great catch.
However, I am not sure what I am reading, or seeing.
You obviously are seeing something here, so very much appreciate what you think it is that you are seeing??
Best guesses on what is up Larry's sleeve other than investor money at this point?? TIA.
righty, couch, and all other long term fellow EQBM/SOMA bagholders, I hope you had a Merry Christmas and a Happy New Year!
xgin, you are saying you can now trade your SOMPF through Scottrade? Last I checked they were not allowing it to be sold or bought. No that I doubt you, but just wanting to double check that for sure Scottrade is officially allowing it to be sold through them? Have you tested any smaller sales?
Great news if that is true. Well, it is great news if Larry's waaaaaiiiiiiiittttttttttt message really means something. lol. Not laughing for the enjoyment of it, but for the pity and pain of it all.
As said, at least he didn't say one more week........... on the other hand, with his track record getting the wait sign is not all that encouraging either.
Larry, in spite of all the misery and pain we shareholders have been put through, you could still make some if us happy if you would do something real with Dalain and announce real Revenues, real Geological findings that show lots of findings of expensive metals, and put out a detailed plan of how you (and we as shareholders) are going to reap in the windfall of mining Dalian. Special metals are breaking records for price appreciation. China is red hot business wise. You couldn't ask for a more perfect storm of ingredients. You are the missing link. We think you can do it. We hope you can do it. As the Nike commercial says, JUST DO IT!!!!
hangfire, I have not tried in the last couple of months.
I tried a few months back and got nothing but voicemail.
As I was typing this I decided to give him another try.
I just got a new voicemail.
A lady starts out the recording, and then says leave your voicemail for ...... and then Larry says "Financial Group".
What is "Financial Group"?
Seems Larry is going AWOL on us. I will continue to call him over the next few weeks at various times to see if I can catch him live. I am not sure what it will gain us at this stage, but also not sure what it will hurt either. If I catch him live I wonder what positive spin he will give this? Maybe another Next week...... ugh.
Very, very sad ordeal here. I cannot believe I trusted him, and believed him. I know there were many that warned, but I still say if the critics had approached things differently that more might have listened including myself. The loss of money really stinks. I stopped trading smaller stocks period. This and another stock was a very painful learning lesson that I hope to never experience again.
I hold both Larry and the SEC accountable for this. While I hope for the miracle here, I am not hopeful at this stage. It would take a miracle from the Lord, and that is always possible.
You guys!!
You had me all excited for a minute when I did a quick scan and saw all sorts of activity. I thought maybe, maybe, maybe, next week maybe arrived.......
Nope. Just you guys doing a SOS to see who is still hanging on to their intertubes.
Larry, how long are you going to leave us stranded here in the Ocean? You had best figure out that this bunch is a determined bunch if nothing else, and we are not going away. Sharks have circled many times, but we beat them off over and over again. Not only don't they bother anymore, but we have been eating shark steak to say alive. Neither the sun, nor the storms, nor the sharks, nor the heat, and nor the scavenging pirates have taken us down. WE ARE STILL HERE LARRY..........
We might even be back ashore right now and thinking about taking a vacation in Toronto. Got any REAL NEWS for us EQBM/SOMA hardened survivors??
http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20050610_ont-court-boulierisd.jsp
cheezytang, after reading your link it got me to do addiitonal searches and add Skolnik's name in with Harold Arviv to see what might pop up. I found this below which is an update on the link you gave. Larry is mentioned up top as being a partner with Arviv. Also off shore investing mentioned. I wonder if this is where they naked shorted this stock? Could Larry have been involved in the runup of the stock, and then the naked shorting afterwards through off shore accounts? Why else would he let this stock go through the floor like this would the garbage answers that he has given over time?
[His answer: the company has no debt except to directors so there will be no bankruptcy
people selling shares every where check with your broker]
My response after reading that............
This company has NO REVENUES, LOTS OF EXPENSES, and OUR SHARES ARE WORTHLESS.
So what is up Larry? What was that PR really about? Little to nothing new that I saw in it. Were you just taunting us, or simply wanting us to know that you are still alive and capable of issuing a PR even if it was regurgitated information?
How about releasing real financials showing real Revenues and real Assets from a closed Dalian deal? Why is that too much to ask for??
[patience, i agree %100. I've been forwarding a complaint to both the sec and osc. The reply i've gotten is that Larry S. is still under investigation and they can't further comment at this time. I send my complaint now on a monthly basis. I use to send it on a weekly but now monthly. My brother and 2 friends are also submitting. I will continue to seek justice untill all wrongs have been righted. No matter how long it takes.]
Since you are sending these complaints to the SEC/OSC then maybe that is why he felt the need to put this PR out due to the pressure he might be getting from the SEC/OSC. The timing of that PR was really odd, and out of nowhere. For it to not really have much of anything new shows he has been doing little for the past umpteen months.
Maybe one thing not discussed much right now is First Union being mentioned so prominently. Weren't there some posts about that name awhile back, and wasn't it less than rosey?
Anyone know the connections of Emco, First Union, and Larry? That might also hold some of the answers to this nasty situation.
I think we are all he has at this point.
One would hope that he wouldn't think we are this stupid to buy any more shares in one of his pseudo companies, but maybe he does really believe that and thus the PR?
Several other possibilities:
1. Maybe someone is filing a lawsuit thus he felt the need to issue a PR and ACT like that he is really on top of things and all systems are still a go?
2. Maybe he needed Christmas or travel cash and really did think he could dupe some new buyers into buying into his Cash fund?
3. Maybe he is really, really, really slow, or maybe there were some legal challenges dealing with a Chinese company? Even if this one is true though, his lack of nay updates on where we stood until now is still inexcusable given what the shareholders have been put through.
4. Maybe, just maybe he is just slow and incompetent when it comes to communicating with shareholders and he really does intend to make Dalian a go? Hard to believe after this long, but what other choices do Longs have outside of legal action, stringing him up, or hoping for the best?
righty, good catch.
If I recall correctly I had discussed that with Larry eons ago (wow, what is it now, going on 18 months?), and it indeed is a lease from what I remember. I think he said that China does not allow ownership on natural resources like this the way the USA and Canada does, but I could be wrong as my memory is a bit faded due to the time involved here.
Key point is SOMA would not own the rights beyond the next 15 years, unless there was a new contract written up with the Chinese Government. With the way Larry moves, it is questionable that he could get the agreement finalized in the next 15 years. I want to add a lol, but it might not be that far off if things follow the past course. I simply do not understand how he could put out a PR after this much time elapsed and still have language in there that negotiations continue. That is flat our ridiculous, and absurd. Dalian was mentioned 18 months ago by Larry in a PR, and he says he is still neogitiating the same terms as initially discussed? Crazy!
On a different note, did anyone notice anything new, or was it the same stuff repackaged?
righty, I hope all is well with you and yours. Likewise to all the rest of the gang that have been in this for so long.....................
I don't know whether to be .....
happy, to be sad, to be exicted, or to cry.
On one hand it is great to know he is still alive. My goodness, how long has it been since any official communication from Larry?
Second thought is I believe this might be the first official PR since Jim Adams left? I was wondering if Larry didn't know how to have a PR put out without Adams doing it? It wouldn't seem like rocket science, but then again, maybe Larry by himself does not how to do one?
Has anyone broke down what is actually new in the PR? It seems like much of this is regurgitated information?
Why now?
Has there been any production to date since Larry is now claiming $3M has been transferred over to the prior Dalian owners? Wasn't there a single line of production underway, which should have resulted in some sort of Revenues?
It is incredulous that they are still neogotiating this. Are you serious Larry? You go this long, then put out a PR, and it still says you are negotiating??? Don't get me wrong, a PR to tell us you are still alive is better than a stick in the eye, but by saying you still haven't completed the deal I also am not sure the PR is worth the paper it was initially printed on.
Anyone see anything new that might signal an actual change, or is this truly a regurgitated PR with nothing really new? I am normally a very optimistic person, but this stock I wrote off as a horrendous stock investing experience that changed how I look at the stock market forever. I would like to think just maybe I could possibly recoup some of the losses, but I also don't want to get my hopes up one more time just to have them dashed by Larry for the umpteenth time. In a way this seems like a sick joke, but just maybe, just maybe, just maybe the Next Week nonsense really could have a sliver of truth and reality to it.
I wrote this one off mentally so long ago that I couldn't remember my sign-on and password today. lol. It took me quite awhile to figure it out again. I was shocked to see actual news when I did a quick glance of the Board earlier today. Good to see some of the same faithful people posting, and I hope that in each case that a miracle happens here that will help everyone to recover there money and ...... in a true miracle actually make money. I did say miracle folks, as that is what it would take IMO as I don't have any faith left in Larry.
I hope everyone had a Happy Thanksgiving!!!
I will righty.
How much did you believe him given where we are now at, and by gauging the tone of his voice?
Did you sense any sense of emergency with Larry at all?
Larry's next weeks turn into next year's very easily as we have seen.
The one thing that bothers me is him saying they haven't paid the money because the transfer of shares has not happened. That sounds pretty incredulous to me. Something seems to be snagged for the shares to not have been transferred by now.
I will give it a go and see what I can find out as well.
I will admit your report is a whole lot better than a stick in the eye.
righty, thank you for calling, and reporting.
Oh my!!!
It made my heart skip!!!
Another Next Week!!!!!!!
No offense, but I am glad it was you and not me. I really want to believe, I really really do, but Larry really has tocome through this time. So much silence. Stock in a death spiral.........
Larry does throw out a life preserver though just as we are about to fully drown......
or is it a practical joke to get one more final dig in before we sink to the very bottom........
righty, kudos!!!!!!!!
I owe you a few things. Will get back to you.
If nothing else, your Post gives me the motivation to keep treading water, because just maybe, that light off int he far distance really is our boat that is coming to save the day........ not like there is a whole lot more going on in the ocean anyhow........ one must always keep hope!!!!!
BTW, I tried to call Larry myself today and his phone rang, and rang, and rang and no answer. First time ever for that.
over and out righty.
Maybe some business Larry is throwing his son's (lawyer) way?
Larry's voicemail still says he is out of the country. Is Larry in hiding?
Come out Larry and tell us you are still alive. After you do that, can you please give an update on EQBM and SOMA????????
righty, I might be 100% wrong on this, but I think this could be Larry printing shares of SOMA and then dumping these new shares over to some investor in Frankfurt for them to also make some coin on.
Larry's voicemail changed from a 10 day mine/property visit to one that simply says he is out of the country.
Now you guys noticed that there was a sudden volume spike and an unloading of a large amount (relative speaking for this SA1 stock) of shares on Frankfurt. Then you notice immediately that the shares were bought at $.05 Euros but then immediately there was an Ask of $.12 Euros immediately thereafter on that same amount of shares (250,000).
If you do the match on 1.4 million shares at $.05 Euros it comes out to $70,000 Euros. Sounds like living and travel expenses to me.
Some migth ask why SOMA? Well, EQBM for all intents and purposes has been shut down by the SEC, so Larry's trading vehicles have been limited. SOMA has the much potential that I can see, but Larry has done little to make that potential turn into reality for the long term shareholders. However, Larry might have some investor willing to fund him $70,000 Euros in exchange for 1.4 million sharesof SOMA which with Larry's possible hype-help in Europe might be able to find another bagholder who is willing to pay twice what this investor just paid Larry.
All just a theory, but what is to stop Larry from diluting SOMA under our noses to raise cash for his living expenses? BTW, I would love to have this theory blown out of the water by anyone with some facts that would prove otherwise. As a shareholder still holding a bag that gets emptier by the day, I would love to think something with Dalian is actually taking place. However, the long-term silence and the continual price drops don't make me that optimistic. Next week has turned into next year, and the silence is now turning into a deafening white noise roar!!
righty, I am 100% wrong on this, but I think this could be Larry printing shares of SOMA and then dumping these new shares over to some investor in Frankfurt for them to also make some coin on.
Larry's voicemail changed from a 10 day mine/property visit to one that simply says he is out of the country.
Now you guys noticed that there was a sudden volume spike and an unloading of a large amount (relative speaking for this SA1 stock) of shares on Frankfurt. Then you notice immediately that the shares were bought at $.05 Euros but then immediately there was an Ask of $.12 Euros immediately thereafter on that same amount of shares (250,000).
If you do the match on 1.4 million shares at $.05 Euros it comes out to $70,000 Euros. Sounds like living and travel expenses to me.
Some migth ask why SOMA? Well, EQBM for all intents and purposes has been shut down by the SEC, so Larry's trading vehicles have been limited. SOMA has the much potential that I can see, but Larry has done little to make that potential turn into reality for the long term shareholders. However, Larry might have some investor willing to fund him $70,000 Euros in exchange for 1.4 million sharesof SOMA which with Larry's possible hype-help in Europe might be able to find another bagholder who is willing to pay twice what this investor just paid Larry.
All just a theory, but what is to stop Larry from diluting SOMA under our noses to raise cash for his living expenses? BTW, I would love to have this theory blown out of the water by anyone with some facts that would prove otherwise. As a shareholder still holding a bag that gets emptier by the day, I would love to think something with Dalian is actually taking place. However, the long-term silence and the continual price drops don't make me that optimistic. Next week has turned into next year, and the silence is now turning into a deafening white noise roar!!
Good questions righty.
Clearly this has gone WAY TOO LONG for everything to be Kosher!
I know in talks last year (has it really been that LONG) Larry alwasy talked about HIS lawyer in NY, but also routinely was having meetings in Tonronto with a cast of characters. One of the characters routinely mentioned was the TA (why so much talking with the TA unless games were being played there), and Jim Adams was mentioned occasionally.
Well, we know Jim Adams is no longer part of the group with his E-Mail to one of the I-Hub Board members verifying that. The whole NY connections seems to have run dry as little mention of that has taken place in awhile. I would guess the TA is still there, but what is he going to tell us at this stage other than to call LARRY!
After reading your post I decided to give Larry a jingle on the phone to see if he returned from his 10 day mine and property visiting trip. Well, his voicemail answered immediately, and it was changed. It now says to leave your name and a message and he will get back to you. He also says he is out of the country.
So, are the 10 days up, and now he is on a vacation cruise around Europe? I think his son might be able to give us someclues tohis whereabouts. Maybe if enough of us call him asking questions about his dad, and about EQBM/SOMA that he will let slipout some sort of information about what is going on.
At this stage I also think we should ALL try Mrs. Hui as well and ask her how it feels to be working for Larry and under the EQBM/SOMA umbrella? Maybe that comment might solicit a response from Mrs. Hui to where we actually stand with her and Dalian.
You had me going there for a second.
I think it is time to up the pressure on Larry.
This silence is flat out unacceptable.
Disgusting.
Tried Larrya nd got the message that he is out for 10 days visiting mining properties. His message also said the office is closed while he is visiting these mining properties.
Very ridiculous since he already used that message not too long ago yet never reported one thing back to any shareholders.
Meanwhile EQBM has tanked to the very bottom, and SOMA has little to nothing going either.
Larry, you are going to have a posse on your behind real soon if you don't start communicating what is really going on with EQBM, SOMa, Dalian, and all other related matters. This silence in the face of all the issues is unacceptable!!
Larry, what ever happened with this?
http://today.reuters.com/news/articleinvesting.aspx?view=PR&symbol=+JKHY&storyID=221304+05-F...
We need an update on where thing stand right now. Are you still alive?
Does EQBM or SOMA still have anything to do with Dalian, or did Mrs. Hui cut you loose?
Are you still in business, or did the SEC officially shut you down once and for all?
An update would be nice for you to simply let investors know that you are alive, and that EQBm and SOMA are still companies, and that Dalian is still moving forward.
No E-Mails at this point. I think everyone needs to dial his phone and have direct talks with him. Call the TA as well. Any and all probing questions are a valuable thing at this stage. Write down all info that is learned.
If Larry does not answer then buy a cheap calling card and use it. It shows random states and numbers and he has no idea if it is an important call so he at times will answer those.
If this continues on another week or two I think a visit is the next step to meet with him. Anyone living up near Toronto and can do some personal DD right now is appreciated to see where he works, and where he lives. No way he is forgetting about us as we hand here......
couch, I think it is time that we all call Larry, call Mrs. Hui, call the TA, and call whoever else we can call to find out what is going on.
Sorry but no communication to investors is not an option that any of us should accept. That is something that we all need to make Larry understand full well.
Larry, let your investors know that you are alive with some PR's. Obviously much has happened over the numerous months of silence so let us in on the secrets. Bad or good news, just lay it out there.
Let's all let Larry know that we haven't left, and that silence from him is not an acceptable option.
I actually called Larry yesterday and got him live around 4:30 PM EST. He told me I got him at a bad time, and to call him back in a hour. I did not follow up.
I just tried again and got the "TELUS" message as well. That is a very tacky voicemail greeting for a CEO to have.
Larry sounded different yesterday in the few seconds I talked to him. Can't put my finger on it. Scared, or tense might be a description.
[All he said to me was that hes stuck doing paper work, because of the sec, i asked him if he filed anything and he skirted the question kinda saying that it only takes ten minutes to get approved but since where dealing with beurocrats he doesnt know how longit would take.]
This is no excuse for not reporting on his mine visits though, and also no excuse for not paying up on Dalian yet the money owed there. Larry could use this SEC and paperwork excuse forever at this stage and try to put all of the blame there. We shouldn't accept that as the case. Larry said he has his own money, then if that is true pay Mrs. Hui and at least move forward on that project. Simulataneously he can continue to work with the SEC. I would think all he needs to do is get the companies financial records up to date, give the SEC what they want record wise, and then file the paperwork and get a MM to get this trading again. There have been several months that have gone by so I don't buy the excuse that he is mired in paperwork with the SEC. If everything was clean to begin with then giving the SEC what they want should not take months to do.
[Then something about his lawyer missing or needing surgery, so more delay or something he kinda rambled.]
He used that lawyer excuse with me back in June. It is sad to hear that his lawyer might be sick, but look in the telephone book and get another lawyer if that is the case. He also said the lawyer was sick last year when needing an excuse for why things were getting delayed. I would think he will pull out somethign weather related pretty soon if the lawyer being sick gets old. The Dalian project is now well past a year when it was first announced and to my knowledge it never has been officially finalized. Weather and a sick lawyer no longer cut it as excuses as one year is more than enough time to have finished things off.
Come on Larry, pay Mrs. Hui the money owed and let's at least get Dalian going. I would think the SEC would look a lot more favorably on EQBM if you at least follow through on one past promise. Thus far you are still 0 for all promises when it comes to projects.
I did a first for me.
I called Larry today to listen to that 10 day mine visit message myself. I was surprised after four rings that I got a live human voice that I recognized as Larry who picked up.
I hung up without saying a word. Part of me was surprised that he answered, and part of me didn't want to ask the same tired questions over again to only be let down in the future. It is rude to call a number and then hang up. That is a first for me with Larry.
I share this just in case someone else would like to talk with Larry. I didn't use a calling card, and was very surprised that he did answer.
Anyone else want to give it a shot and report back? I know we all are frustrated, and will be highly skeptical of anything that he might promise at this stage. However, there is this itch I have to know what is going on.
righty, couch, strongus, copley, anyone else want to ring him up and see what his 10 day trip accomplished, or did not accomplish?? As I ask, somehow I got the feeling that whoever does talk to him next will get something back about NEXT WEEK. Ugh. We do need actions and not words. Larry is back and I still see no PR's unfortunately.
[aM i ASKING TO MUCH?]
More than fair righty.
[I would think within 3-4 days of returning, we should hear some substantial news, if we hear nada within a week i would have to say we have been hoodwinked for certain.]
Unfortunately righty, Larry has his own timetable. Larry has shown no regard to any sort of timeline before, and has missed all sorts of exepcted dates and times. I am not sure Larry missing another date makes it any worse. The cat already used all 9 lives a long time ago. In spite of all of that, I still hold out some slim hope that SOME DAY, Larry will actually do something positive here with EQBM and SOMA. I do find it strange that he actually put on his voice mail that he was visiting his mine properties over a ten dya period of time. Outside of doing what you requested though it counts for nothing. We shall see. Obviously all of us who hold shares in these stocks hope for the best, but right now it doesn't look good since Larry seems fully intent on keeping us in the dark, and seems to lack personal accountability. JMHO.
invitro, he is probably referring to the share counts on this Message Board which show th eFloat as 140 million, and the Outstanding Share count as over 280 million. That would mean the insiders have nearly 140 million shares of stock not in the float today, but could be released in the future.
The TA would only know the total share count.
Thus, two things the CEO could clarify for you all would be what is the actual trading Float today and has it gone up recently, and also when will he release the actual financials.
It is at least one good sign if the TA is no longer gagged. That TA number should be verified by a few extra callers though to be safe.
Nice work leopard. Do you have the TA Number for others to call as well?
It could be smaller amount of restricted shares thathave been sold, and your analysis of the volume being too light for a massive dump could be right on.
If the TA is not gagged then that is a good thing. None of these pinkie CEO's should be able to get away with that.
Since you appear to have gotten the TA ungagged how about calling the CEO and getting him to release detailed financials? Maybe the numbers there are not as bad as assumed, and even if so at least investors know what is really going on.
[the cause of your griping is starting to become clear: you got burned on EQBM and you're pissed.]
You are close.
averachiever felt the need to rub salt in the wounds regarding EQBM. He throws out a lack of discernment to me, this I decided to check which stocks he was invested in. Quickly I found this stock that he was posting a lot about. It didn't take long to see the same kinds of warning signs that were also on EQBM. For that matter, many of the same warning signs that many of these pinksheet stocks have.
IHUB is filled with posters and Boards wanting to save others from what they perceive scams. I didn't like reading what they had to say when they visited ther EQBM Board.
I will agree to move on though from posting a lot on this Board. As already said, if not for overacheiver rubbing salt in my own wounds I would never have heard about this stock. I didn't like people bashing EQBM even though it eventaully did go down, and appreciate why some of you also don't like my posts. With that, I will give you all a break for now. Out of curiosity though I will follow th stock to see how it all turns out for all of you. Good Luck!!
[Are we going alot lower still or are we bottomed out...is it going down 50%..could we sell now and double up next week at .0015]
Find out who is selling and you might have your answers.
The TA being gagged is a HUGE WARNING SIGN. Why would the CEO do that at this time unless he was printing more shares and was keeping that from the current investors?
Next question is how much money does the CEO need to raise to pay past monies owed, and also to fund future operations? Figure that amount of money out, and then look at the share price and calculate the number of shares needing to be sold.
I would think the CEO would find some big ideas to pump if he was looking to dump a bunch of shares on the market. He will also need some pumpers on the Board talking about how high it can go. Then the CEO can unload the hundreds of millions of shares into any and all buying.
If the present mode of 2 to 3 million shares traded per day continues though it might take 100 to 200 days more to sell 400 million shares. That is after all how many shares it would take to generate one million dollars in cash at present levels. If the sahre price continues to plummet then it could take many more shares.
The bottom line is investors don't know the real share count right now due to TA being gagged, and also don't know the real financials. That is a whole lot of trust then in the CEO running the company since everyone is blind to what is happening behind the scenes. Given that, everything else is a guess as to what price this stock could be at tomorrow, next week, or 6 months from now.
Fair dislosure of financials and share count should be what everyone is demanding from this CEO right now IMO. This seems to be the problem with 99% of the pinksheet stocks though,a nd also why I think most of them should be shut down as non-viable businesses. JMHO.
[They do and if you look at their website, they are well on the way.]
lol. Go buy some stock over there if you really believe that.
The ABA was successful for a period of time in the past because it had the big names and stars that took a chance and spurned the NBA. Over time the stars all came over to the NBA, and the ABA folded. This ABA has nothing to do with the old ABA. It is a joke IMO. The only way the ABA has a chance of making it big this time around is if they can recruit some of the big name players off of NBA rosters. That would take hundreds of millions of dollars to pull off. It isn't happening.
Another marketing scheme to attract unsuspecting investors IMO. It is 100 times more likely to make it than the WHA IMO, but the odds are very long against it IMO. Dr. J and others made the previous ABA. This ABA is more like a poor man's version of the CBA which is not very good.
I don' think the ABA will make it.
There already is the CBA and few care about it outside of the cities the teams play in. The CBA is essentially a feeder system for the NBA already.
Basketball has small rosters, and with the NBA teams able to draft young players there is not a ton of interest in things like the CBA because those who can play at that level are already in the NBA. The ABA made it the first time because it had big stars such as Dr. J, Dan Issel, Artis Gilmore, Mel Daniels, and many other legendary players. It was a mini-revolt at the time by marquee players.
I woudl equate the ABA to the USFL which grabbed Steve Young and a few other big name players. The USFL eventually folded due to losing lots of money. The USFL is a better bet the the WHA, and I think the USFL has zippo chance of ever making a successful return.
The ABA is more well known IMO, and Basketball is a lot bigger sport int he US than Hockey is or ever will be. Additionally, the ABA had some big names such as Dr. J which is someone that is still identifiable in basketball circles.
I don't think the ABA is going to mount any big comeback though. lol.
[Where do you get these numbers? I didn't know WHKA released any financials.]
Godo question for overachiever. This points out another one of the serious problems for pinksheet stocks. Lack of fair disclosure is abysmal.
To add to all of that the CEO now has the TA gagged, and posters here want to know where the new selling is coming from?
In addition to what are the financials of this company, does anyone know what the tangible Assets are, what makes up the details of these costs and expenditures, and what prospects does the CEO have of breaking even next year if indeed they lost nearly a million dollars last year?
I would think if the CEO would come on the Public Radio that those are the first questiosn that should be answered. Better yet, why don't they file quarterly financial results for everyone to see how the business is actually doing??
[It is all the licensing from the old WHA. Surely you have heard of it unless you are very young.]
I have heard of it. A big sports fan, but not much of a hockey fan. I don't think the WHA holds much weight or care with present generation. A few nostalgic people hardly make a business. i am a basketball guy myself, and talk to young kids quite a bit about the sport. To tell you how quickly things change many of today's youngsters know little about Michael Jordan other than from when he is on commercials today. Compare that to the WHA and what you are talking about. WHA is prehistoric stuff to the culture of today, and outside of diehard hockey fans that are older few care anything about it anymore.
I asked before how much the licensing brought in last year? Do you know, and if so can you share the amount of money generated? My guess is it is very small since few are talking about the cash generated. If that is the case I don't see it as a viable asset at all. With no actual league like you have wanted I think the name of WHA means all that much kless since no one cares about it.
This is like if someone tried to drum up stuff from the old ABA in basketball, or old league names in football or baseball. Outside of a few diehard nostalgic people in those sports I doubt many would buy anything with logos they cannot relate to today. JMHO.
[We have hockey and merchandising licenses set up to run indefintely]
What exactly are these licenses? How much money have they brought in during previous years, or have they ever generated tangible revenue? If not, then I dount they have much worth at all. Licenses with value generate real revenues and cash.
Regarding the lawsuit, that is a non-stater IMO. It was actually a counter-suit, and IMO will cost more money for the company to prosecute than they have chances of gaining real money in the future. Large companies with huge cash reserves, awesome legal staffs, and patents that are defendable in court can make money with lawsuits. Penny sheet stocks with no cash, no legal staffs, and no patents to defend have little chance of making actual money in Court systems IMO. Again, I think there is a 90% chance they would lose more money fighting such a case than any money they could actually make.
you can take shots at the Assets with EQBM, but in reality I think they held more promise than anything here. Dalina for example has way more promise IMO if Larry would have ever closed on that deal. The $3M you talk about I still believe Larry has to fund such a deal as Dalian. The thing that bothers me is he still has not paid the money owed to Mrs. Hui, and it appears the $3M you say he took is the exact money that is supposedly owed to complete the Dalian deal. It is unlikely that Larry will still do it, but he could still take that money and pay Dalian off with it. I think Larry has been full of unfulfilled promises most of all, and if he would get off the snide and pay Mrs. Hui he coudl change perceptions for a long time of himself. Unlikely, but still possible. As remote as those chances, they are much greater than hoping for a successful lawsuit that could take many years and potentially millions of dollars to fight, and licenses that I am not sure are worth more than the ink that was used ot write them.
dumpster, it is sad to say the least what is going on.
In lookign at the most active stock Board son IHUB it is just a sampling of many other stocks that have seen the same. One investor that I like a lot from the EQBM Board got skewered by the sewage and corruption with SLJB. He believed the nonsense and lies coming from the company and got burnt. Looking at some of the other symbols it is more of the same. PAIM is another. The list is very long. Yet, so many still follow and defend these companies. I have to admit that I defended Larry Skolnik (EQBM CEO) for a year because I talked to the guy, and believed him at face value on what he would tell me. I still wodner if it is incompetence with Larry like some seem to lump this CEO into as well, but the idea of it being a pure scam is a distinct possibility as well.
Overall the pinksheet stocks are a cess pool of companies and their corruption and failed promises IMO. I don't understanding the government not stepping in and ending the madness a long time ago. It is way to easy for the companies to change names, and do all sorts of stupid gimmicks to create new shares and steal investors money through Reverse splitting and other tactics.