Replies to post #18707 on ABCO Energy Inc. (ABCE)

[GaiusGracchus]

They never said that an RS was off the table. They said it was the last option to reach QB status. The problem with this, is they didn't even attempt to get to QB status prior to making the announcement via Pre 14C.

I doubt anyone would benefit from such action you are suggesting, except for revenge. I understand how you feel about the idea, all too well, but I don't think it would accomplish any outcome that isn't already a certainty. I suggest getting some popcorn and watch this die.

[TheSummerMan]

Whoever has emails from IR where they flat out lied, then those need to be forwarded to FINRA and the SEC. I don't have any, because they never responded to me.

In my opinion other shareholders should come forward with these. The company does not care about you and you will not get back to even on your investment. Might as well hit them where it hurts.

[Rockhall]

Everyone should contact FINRA and the SEC

~

1. They lied to shareholders about NO RS. So many longs claimed that IR advised, told them, emailed them "RS OFF THE TABLE", yet they did it anyway a few weeks later.
Therefore, investors were mislead and deceived by the company's in-house IR.

2. If you look at their most recent 10-Q, under subsequent events:

"Note 12 Subsequent Events
During the period July 1, 2018 through August 20, 2018, the Company sold 20,000,000 shares of restricted common stock Using exemption under REG S for
gross proceeds of $90,000 and net proceeds of $45,135."


So ABCO is claiming that a foreign investor paid $90K for stock only worth $60K on the open market (at the time, now worth less than $20k), and received shares that are further restricted for 6 months.

Who the F pays a large premium over the current open market price for restricted common shares??
How did they convince this investor to accept those terms that don't make any sense to begin with, let alone they then RS (2) weeks later!

My take is that the company completely fabricated this, deceived that investor, or arranged a faux wash sale to instill confidence in its market.