Replies to post #510 on Orbit Brands Corp. (fka OBBCQ)

[MasterBlastr]

Shane I understand the registration has been revoked. Game over in other words. I am not sure if they have an appeal left. My broker called me Dec 20 and said I can pay a $5 fee to close out the position with the security declared worthless.

[maryl]

Dean Bornstein and Jim Townsend's new company EFGU selected January 18, 2008 as the theatrical launch date of Blond and Blonder. In order for Orbit Brands to receive their share, they needed to resume trading or the agreement most likely was voided now that the SEC revoked their registration. With what the SEC stated in the last document and what we've heard doesn't add up and is quite disturbing. Also, I'm surprised that there was not yet a press release from Orbit to inform the shareholders what their intentions are and what will happen to our investments in their company. Dean Bornstein and Jim Townsend of Malibu Entertainment Group, a subsidiary of Orbit Brands, still are very involved with Orbit, and a Malibu Entertainment Group website is updated almost everyday now. With Bornstein, Townsend, and the Anderson's so involved with Orbit, there is still some hope that they will find a way to treat the faithful shareholders of Orbit fairly.
http://biz.yahoo.com/iw/071214/0340116.html