Replies to post #36498 on Hangover Joe's Holding Corp. (fka HJOE)

[1manband]

Correct me if I'm wrong but the purpose of most scams is to sell shares correct

The operative term is "most". There are a lot of ways to run a stock scam and enrich insiders. Many scams, particularly those that are toxic death spiral issuers, find other ways to enrich insiders besides directly selling their shares. Many of these toxic death spiral issuers take the blood money raised by selling those securities guaranteed to ultimately kill the company and find ways to transfer them to the insiders. That would include salaries, bonuses, management fees, indirect payments, etc. And grants of discounted (or free) stock, both common and preferred.

And those are just the (mostly) legal ways. There are lots of illegal ways, too. But it is not difficult to figure out the ultimate end game when a Company issues toxic death spiral convertibles. The company dies - 1005 guaranteed - and most of the money generated by the sales of these company killers ends up in the insider's pockets. And common shareholders are left with nothing.

[samsamsamiam]

Well there is always the problem of SELLING those shares - especially if you are delinquent with SEC filings and counting on vulgar tweets to sell them.

Don't forget they already filed something that would allow a 1 for 200 r/s.

http://www.sec.gov/Archives/edgar/data/1388132/000107997315000002/hjoe_def14c.htm

NOTICE OF ACTION TO BE TAKEN PURSUANT TO THE WRITTEN CONSENT OF STOCKHOLDERS HOLDING A MAJORITY OF THE VOTING SHARES OF THE COMPANY IN LIEU OF A SPECIAL MEETING OF THE STOCKHOLDERS, DATED DECEMBER 1, 2014

To Our Stockholders:

NOTICE IS HEREBY GIVEN that the following action will be taken pursuant to a written consent of stockholders holding a majority of the issued and outstanding voting shares of the Company dated December 1, 2014, in lieu of a special meeting of the stockholders. Such action will be taken on or about January 26, 2015:

·
To amend the Company's Articles of Incorporation, (the “Articles of Incorporation”) to increase the number of authorized shares of common stock, par value $0.001 per share (the “Common Stock”), of the Company from 500,000,000 shares to 5,000,000,000 shares.

·
Grant of discretionary authority to the Board Of Directors to implement up to one-two hundred reverse stock split.

Plus rumor has it the company is intentionally not filing with the SEC so the Toxic funders can't convert which would drive that o/s through the roof - thus the increase to 5 BILLION shares with the A/S..
When they can - watch out below!

As they keep saying - patience grasshopper...

You have a gagged T/A - so who knows where that o/s is now.