CAVEAT EMPTOR, the new JBII NASDAQ,
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Because it is a known fraud with 10 billion shares out and 100+ billion fully diluted. Nothing accrues to common shareholders it goes to lenders.
It is a known fraud with 10bilion out and 100 plus billion fully diluted. It is pretty hard to find a dumber thing to sink money into.
Probably folks who bought the stock before it was diluted to nothing liquidating their now worthless shares. Could be someone just painting the tape as well, too lazy to look at the T&S to see.
Actually the useless dolts are the ones buying in the secondary market. Why pay .000X when you get the shares for a fraction of the bid through toxic CDs.
Bordy was well aware of penny scams before JBII. There was a scam promoted on Ihub that used his BS bomb detector well before JBII. JB was even posting on another scammy penny stock message board that was set up to promote frauds. He even talked about starting a penny stock. Too long ago to remember names and such though, must be 10 years or so now.
Why would a filing for 2016 be important? The fact that they can not scrape together a few thousand dollars to file is though.
Let's face it the lenders, people at Shi Farms, members of the board, and stockholders all want the stock price to go up.
Nobody in the company cares about the shareprice as they have diluted it to nothing with zero hope outside of a massive split to wipe common holders out.
If you look at the positive side there certainly is a good chance to make a lot of money here.
LOL, they can't even sell shares to toxic lenders, only the dumbest of the dumb buy stock when there are >100 billion fully diluted.
There are 10 billion outstanding, so any number around 10K is likely , maybe higher. 13 years of watching penny stocks says that, have you not picked that up in your couple years?
Penny stocks can go up on hype or promotion when the share structure is favourable but they are not investments. Anyone who says otherwise is a fool, liar or cheater.
There is a very high potential of NGBL being very successful and profitable.
Please tell us how you came to that conclusion from a filing for 4 years ago that shows the company to be in dire straits, toxic debt so bad the company is toast and the share structure is so bloated a 10 000 to one split is needed.
It is not huge, it is a filing for 2016, 3 YEARS AGO
"For the fiscal year ended December 31, 2016"
Good then you must know what they get, please tell us what shareholders have after the CDs and such. You do know what you own don't you?
Actually what shareholders need to know is how encumbered the assets are. It is meaningless what the company owns when common holders get nothing.
No ticker, nada. They will never mention NGBL as touting it is likely to bring the SEC down on this scam again.
Doing well? You must be kidding as NGBL has nothing but massive amounts of toxic debt, shareholders have nothing and anyone with more than a room temp IQ who has read the old filings knows it.
NGBL does not even have 20$ to have a website or a few thousand to file financials. How could they afford a PR when they don't even have 20$? As well a touting PR when nothing accrues to shareholders and the company is massively delinquent is just asking to be suspended.
There are 10 billion shares outstanding with ~100 billion shares fully diluted. As well nothing accrues to shareholders so the stock is completely worthless. If anything happens it will be the stock being suspended or a massive reverse split which will wipe common holders out. Even if there was a massive success from the company common holders will get wiped out as the first thing the company would do is a 10000 to 1 or so split.
Yet NGBL cannot even afford 50$ for webdomain or a few thousand to file financials as required by law. Why is that if this company is supposedly so wonderful?
Read the filings (well what exists as far as that) Owning something does not matter when it is encumbered by massive bad deals with toxic lenders and shady scammmers.
They actually might be in breech of their agreement with the SEC by not filing as it is required as a reporting issuer. Odds are the SEC will not do anything unless the company starts pumping. Then the chances of them being revoked go, way up. They will get revoked for not filing eventually though, could be tomorrow, next week, next year or 3 years from now.....
You know nothing about penny stocks or business. As no honest or smart business person would touch a tainted shell. This stock has been a fraud from the day it started and will never be legit and only a fool would believe it could. Even without all that the share structure is completely toast and only an idiot would buy a stock with 10billion out and 100 billion fully diluted. This stock exists for insiders to rob people, always has and always will.
Notice how many are too stupid to listen the SEC nailing this fraud and still think that this is something more than a run of the mill penny stock fraud. This stock could be delisted at anytime due to the company not filing (for years.
https://www.sec.gov/litigation/litreleases/2017/lr23774.htm
Shareholders will never have anything accrue to them as there are too many other parties ahead of them and in control.
There is no market for the stock so it is usually pretty worthless. In this case they will not go private. Odds are either nothing will happen and the stock will always be pretty much worthless or they will clean up the share structure with a reverse split and wipe common holders.
Yet NGBL can't afford 20$ for their domain or a few grand to put out financials......
They can't even afford a few thousand dollars to file financials yet they are doing good? LOL there are probably still 100 billion or so shares fully diluted.
why will the stock still be trade if it is a scam..??
99% of stocks that trade pink in the .000X range are scams. In fact the vast majority of stocks that are pink are scams. This one was already nailed by the SEC, only an idiot would consider this stock an investment.
nothing accrues to shareholders and with 10 billion outstanding and 10s of billions more fully diluted nothing ever will. Only a fool puts money in a blatant fraud that has already been nailed by the SEC.
9lives? The stock is dead and has been for years. When did they last actually run something? Like 5 years ago? They are dead and long gone.
ROFLMAO! If you actually knew anything about this company you would know what a joke you posted. Try actually reading the filings instead of old crap scraped off the net by bots.
Nobody legit would touch the shell even if they reverse split and cleaned up the debt. A dirty shell from a scam will always be tainted and only desirable to the the utterly stupid or criminal. That is just how it works.....
The stock is a fraud started by a career criminal to defraud people. The scam is to enrich insiders on the backs of shareholders. The SEC has already nailed this scam, why anyone would ignore that is beyond me as it is pure and simple stupid.
Not how it works. The SEC has already sued this fraud. After that they pretty much assume that people putting money into a nailed penny stock fraud are too dumb to save, which is usually true.
The SEC could have this stock revoked at anytime due to it not filing but likely they will not bother unless the company starts putting out pumps/lies.
Because there are 10 billion shares out with another 90+ billion fully diluted. The stock is worthless with nothing accruing to shareholders so immensely overvalued at .0001 even.
If you mean nothing, then you are right. Throwing money into a blatant fraud with >100 billion shares fully diluted gets you a massive reverse split not a reward.
If you delve into the last 10 K form published by the company you will see that when qualified as an emerging company they are not obliged to issue accounting information for the last two years, this dispensation ends in December of this year (5 years in total) and from then on they have to do so.
100% false, they are a reporting issuer and are required to file. At any time the SEC could go in front of a judge and have the stock suspended. Not filing may as well contravene the agreement this fraud made with the SEC.
that is what has been happening for three months now....BUY BACKS
Complete lie, the company has been issuing toxic debt, they can't buy shares because they are broke and it would be illegal.
ROFLMAO! So the >hundred billion shares are good news? The K just showed how screwed anyone buying this fraud is.
They filed a K from two years ago. How could you think that was current?
Do you think a common penny scam with zero money could have worth of 10 billion dollars? If anything happens it will be a reverse split to clean up the share structure so more shares can be dumped.