Replies to post #21155 on BigHub.com Inc (fka BHUB)

[NikkiBaker]

xxx, you seem to have almost cracked the funky code here. This one seems to be a doozy for sure. There is no way that the as is gonna remain 50 mil and the sec not step in and halt this. Also, I think many here are gonna be in a for a big surprise when the mm's attack this with a major short effort. The thing is IF this trades tomorrow, any shares exchanged according to the current theory of "fraudulent" shares, will be fraudulent tomorrow as well, so it doesn't matter whether the shares are shorted or not in this case. The mm's are in a win-win situation no matter what, because if/when this gets halted, they will have already made their money on the up or down side of this.

[jimmenknee]

Aside from the confusing jargon, isn't there something to the Schdule 13 filing under VOTING AGREEMENT AND IRREVOCABLE PROXY, item 3.

"MINIMUM VALUATION. As additional consideration for the granting of the irrevocable proxy, the Company guarantees the Yucatan Group that the Yucatan Shares shall have a minimum value of $6,000,000. In this regard, in the event that, after a period of 24 months, (i) the aggregate gross proceeds received by the Yucatan Group from the sale of the Yucatan shares, plus (ii) the fair market value of the Yucatan Shares not yet sold, is less than $6,000,000, then the Company agrees to issue to the Yucatan Group a number of additional shares of unregistered common stock with a fair market value equal to such shortfall. The same analysis shall be performed thereafter following another 24 months to determine if gross proceeds from sales equals or exceeds $6,000,000."

If this were acted upon, wouldn't that have caused BHUB to give Yucatan (if they hadn't sold shares) over 150mil unreg shares in 2/2001 to make the min valuation? And if they didn't sell then the billions would come into play in 2003?

[Californicator]

Too much to read.....Besides its to late...Train is leaving the station.
TOOOOO Bad you missed it... YOU and that Baxter character will have fun sitting on the side lines for this one.