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Run! LOL!
Cemjq didn't turn out so well, maybe if the economy had been better they could have reorganized. Integrity and honesty is more important then all the money in the world. Prayers our good if they are spoken with a contrite heart. Bankruptcy was the only option for them, some with sincerity believe differently. No matter what they could have said, "they lied" and we know that happens all too frequently in this game. My badge of honor still remains strong and my integrity is intact. Thanks!
Hello, just now getting back around here...nice post and truthful...
Dead stock & dead board, just the way it should be! This is just what they deserved and earned being the criminals they turned out to be.
No need to get offensive Buddy! All you need to do is admit you were wrong then, now, and will be tomorrow, especially when it comes to Aurc. Hey, the same crew sunk my boat, so don't take it personally, I'm sure they (parkin and his crew) don't. Long and strong just isn't credible any longer. As for me, I'm just looking for my truck with the cash I left in it! Seriously, I feel bad for any and all those who lost money in Nord/Northwest/Aurc fake gold, fake oil, etc...A true traders dream or nightmare depending on one's gullibility!
lol, is Buddy still "Long and Strong".....?
I've heard 2c is coming back as 4d for the next round...Good to see you again my friend...:)
It's legal but not legalistic. Saved by grace is my message! I'm glad to know my truck was just borrowed because that means one day it may be returned...lol I hope all my cash is kept dry so it doesn't turn moldy. Nice to see some old faces, some that still haven't given up on certain causes. The gold bugs and the oil bugs give me a big smile.
Not to worry though, Obama is going to fill our tanks and pay our mortgage payments, soon! Or at least that's what I've been told. I will keep checking the mail box for the checks until my cash returns....:)
Hello eik, and all you others who I haven't seen in some while. I hope you all are picking great stocks and making truck loads of money. Somebody stole my truck and all my cash...lol Take Care all! Bret
You can find me here;
http://www.facebook.com/bret.lee?ref=profile#/bret.lee?ref=profile
LOL, I guess my work here is finised...(.)-(O) wink!
You mean does anyone remember when they claimed to be a oil company, don't you?
Caroline suggested that we do the same Mark. Plenty of time at the moment. Thanks for the friendship on facebook! Feel free to delete these if you so choose. Some don't want the board cluttered with such stuff.
Nice board found it through a link in facebook....Looks like and old friend of mine is near. Hi brother!
Some who lost big in Luminent, listen to a man who is no longer with us. Money is earned, Grace is a gift!
Good Luck, this is what you are faced with before common shareholders would be in line.
Arco; secured creditor,
Other financial institutions (loans) etc.
Senior note holders
Junior note holders
All other secured and non-secured financing.
They have no equity, in fact they have a huge negative equity position. If there assets were even close to liabilities shareholders may have some chance of recourse in the new formation. I have given my honest assessment all along the way and this post is no different. I see no hope for common shareholders.
Even if they should get representation in bankruptcy court I give them no chance of receiving any value or piece of the post bankruptcy corporation. I don't blame anyone for trying and hoping for a positive outcome though.
Unfortunately there is nothing left to fight over. The only way for shareholders to profit was if they could somehow keep from going bk, because of their negative equity. I tried to sell the second day at .017 but it only got to .015 that day. So the next day I put them in @ .01 and sold them at .011.
There wasn't any need for Arco to keep the shareholders involved. Everything that happened in the market since last year was against the come back for Luminent. I'm sorry to say, except for some huge miracle, it's over!
Under the Agreement, each of the parties thereto has agreed to vote in favor of a Chapter 11 plan of reorganization for the Companies containing terms specified in the Agreement (the "Plan"). Under the Agreement, the Plan is required to provide for the cancellation of all outstanding common and preferred shares in the Companies, the cancellation of all subordinated debt instruments, and for the distribution to allowed unsubordinated general unsecured creditors (including the Companies' convertible noteholders, but excluding Arco and its affiliates) of 41% of the common stock of the reorganized Companies and $2.75 million
The Company does not expect any value to be available to the existing common stock holders or subordinated creditors and it does not expect them to share in the ownership of the newly reorganized company.
I sold for a penny and I can't see any recourse for shareholders.
I've been helping a neighbor who is at death's door. Didn't even know they filed bk until the morning after. Even though they didn't look like they were going to make it, I held. That eight cents looks nice now..............lol
Good luck to those who held luminent and even to those who didn't. It's time to plow some new fields. My recovery will be slow and take some time. Hopefully this lesson will be valuable for future reference.
Good luck in the future everyone.
Unsure, but if they were planning on going out of business. They don't need a new website.
Well, frankly I'm clueless about the "Money" question!
This link has been updated;
http://www.luminentcapital.com/?prvtof=8b2VkUqfXDCVzkFHoAJjMi5d41E9khsCceLs0s1kuFhPLVphu7A5LMtXNy7TEJg1F1PiLKTnrhoGnms4e4JfDsHJeG0%2FxzJbvlDNDjM3qAjJkReyPtFuhjq9dI%2BcM12VT2ONs4wV4Tz%2FHpFFaj4Df1bGqS7rxHHdbRa%2B2AANzYkpdYau2b%2B5rYeO64gKU8OlZvLkXGGjNpdaJOLprlmQ6hiwece576e9zNT3Y4KOSTSc%2FXsg9dHs
They are working on a new website;
http://www.luminentcapital.com/phoenix.zhtml?c=142466&p=irol-IRHome
Still here, just got home.
turned into a K/O instead
they add the "E" for not filing the 10Q, just like they add the Q for bankruptcy. It will be removed when they file their 10Q.
Other than that it still trades on the BB board.
Good to see you I-man, you think the financials will be out monday? Do you have a link? Just wondering where/how you arrived at that conclusion.
Just a little lower and the SEC can shut this down..(.005) seems to be the magic number. Then those who really believe can put in bids (on the gray sheets) for .0001 - .0003 and really buy some wallpaper.
I wouldn't consider yesterday a success, unless dumping shares falls into that category.
0.009 5000 OTO 08/21
0.007 5000 OTO 08/21
0.006 5300 OTO 08/21
0.006 28115 OTO 08/21
0.006 71885 OTO 08/21
0.006 2000 OTO 08/21
0.006 25918 OTO 08/21
0.006 50000 OTO 08/21
0.006 45000 OTO 08/21
0.0055 44300 OTO 08/21
0.006 77200 OTO 08/21
0.006 22800 OTO 08/21
0.006 81300 OTO 08/21
0.006 18700 OTO 08/21
0.006 30000 OTO 08/21
0.006 66000 OTO 08/21
0.006 10000 OTO 08/21
0.0065 41000 OTO 08/21
0.006 50000 OTO 08/21
0.006 10000 OTO 08/21
0.006 20000 OTO 08/21
0.0061 309121 OTO 08/21
0.006 309121 OTO 08/21
0.0065 9000 OTO 08/21
0.0065 10000 OTO 08/21
0.007 100000 OTO 08/21
Yes, the junior note holders this time. That takes care of all the note holders. If Luminent doesn't make it they probably won't get a dime.
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement.
On June 16, 2008, Luminent was obligated to make a quarterly interest payment of approximately $0.7 million applicable to $41.2 million of Luminent's junior subordinated notes dated December 15, 2005. Luminent did not make this payment and a payment default under the indenture has occurred. Luminent was unable to meet the obligation before July 16, 2008, the expiration of the 30 day grace period to cure the payment default. On August 15, 2008, Luminent received a demand letter for payment from the junior subordinated notes indenture trustee declaring the notes to be immediately due and payable in an amount of approximately $41.2 million plus accrued interest of approximately $1.2 million.
http://biz.yahoo.com/e/080819/lumc.ob8-k.html
All the new players are still with them.
Why don't you make another one up and see.
Give it up, there will be no more pr's from gbdx. They did nothing but sell shares.
Very serious question.
What will happen If we trade on the grey and a PR comes out with heavy buying from Almaz ?
Price will run without control right ?
Share you opinions pls.
Unsure, only time will give us the answer.
Hard to have any discussion on Yahoo at this point. The insiders keep changing on Luminent's website.
He who comes late to the party has to bring the beer.....lol
I was responding to another poster who wanted a list of the pumpers and thought I'd start with the obvious from the I-box. No one has ever accused me of co-signing the buyout!
Friendly Guessing Game on Final GBDX Offer Price:
.54 gubbly33
.43 mickey22
.40 Lindy
.30 starfire
.25 pmg149
.20 nomonet
.19 pontiyak
.18 righty
.175 chucka
.15 mwright45
.14 IDOITBST,waggett
.137 euraquillo
.125 OG_Money, 450rydr
.122 knocker123 (.70 EOY if no TO)
.12 Anthony1971,Skyhawk66,negger0
.115 drmlndmn
.105 Morning_money
.1025 DC13
.10 RonnieD
.0925 blockman
.09 pennyvestor, cashacumming
.085 dustybutler
.08 C_Patrick
.075 Happycoins
.07 easy street,giantbull,zahjnj
.06 Adventures_In_Money
.05 drugtester, cowboy10994
.045 Dash4Cash,guardianangel
.04 Ogclip
.035 TGTL_2005
.03 TAKI
.025 DerFuhrer, waco
Just a partial list...................!
Morgan Stanley & Co. Inc. jumped in and bought 175,865 shares recently.
http://www.luminentcapital.com/phoenix.zhtml?c=142466&p=irol-ownershipsummary
The problems with Aurc are not related with current events in other countries or Georgia for that matter. They might be great diversionary tactics but, in reality the problems are uniquely systemic to how truthful management has been with shareholders of Aurus!
If all the issues facing shareholders were listed in detail, they would be reduced down to one thing. There are several words that one could use to describe that one thing. Truth, integrity, and honesty for starters. It's next to impossible to discuss real fact from fiction when discussing Aruc because of all their deception. Until somehow they can show transparency and believability all you have is conjecture not worthy of time and money to discuss. Aurc appears to deserve a much lower valuation along with lower volume.
Comparing a company with a 3 billion dollar market cap located in Africa, trading on the NYSE. Wouldn't be a fair comparison to a non-reporting Russian pink trading under a penny on the pinks.
I don't see anyone asking where Aurc's money has gone. When was the last time they ever reporting "audited" earnings or a cash position or any detailed 8k, 10k, 10Q or any form to the SEC.
You seem to be intimating that Aurc is out of money. To say they are out of money, you would first have to have proof they ever had any money.
Lastly, apparently they had some power shortages in Africa over the latest quarter. I'm not sure how/why that affected them as they also had revenue's that were 12% higher.
Examining Aruc, there are plenty of questions remaining on "revenue, production, balance sheet, going concern information, agreements, equipment, share structure, and many more that cannot and will-not be verified under the current non-reporting status they rein under. It is not possible to accept their word without independent third party verification or a neutral party which will never happen in my opinion because it would show fraud has taken place.
Giving them the benefit of the doubt is no longer an option for Aurc shareholders, after all the fraudulent information released time and time again. Nothing they say can be believed on the surface or assumed to be true. The proof is in the stock price after they pumped the fake buyout of .55 cents per-share,since that time nothing they have said has done anything to sustain the price from falling. The market has yawned at all of their attempts to get higher valuations on their stock.
So, there are plenty of justifiable reasons to wonder about many, many things.
. So there is no justifiable reason to wonder any longer where all the money has went.
Real desperation on his part. I could only get part of it. Looks like he edited another companies pr.
Was anyone able to capture a copy of this when it had gbdx's symbol in it? If so, please repost it, I need a copy of it. Dangerous to make up pr's for a company. Using emediaworld's name.
****************** (OTC: ****) common stock currently trades on the grey market
NEW YORK, NY (eMediaWorld August 14, 2008) --******************************** announced today that the company’s stock continues to trade on the grey market and expects once the Company’s 15C2-11 Filing has been cleared, its common stock will again be quoted by the NASD on the PinkSheets.
When I went back into the cannery pr's and how they just abruptly left that (if I remember correctly) 7 million dollars in revenue behind. I was convinced then and there that there wasn't anything legitimate about the new GBDX, the possible merger, buyout after six months.
It was so apparent that they wanted to rape and pillage this thing fast before the majority caught on. The last year is really the shame of it all. It did give some time to get out at much higher prices than if they had shut it down at .005. When I brought up the Cannery business, I remember RonnieD exclaim, well that was then, this is a new company. Like somehow the old robbers and thieves were gone. And now the sheriff and priest were running the place. Now to get action on Aurc and Nwol the other two buyout Russian scams.