Stock_Upj, can anyone provide any fact or proof that they have even tried to bring this product to market? That buisness plan people keep throwing up was prepared long ago when NUBV was a completely different name.
Unfortunately, the company is not worth 25 million. Think about it for a second.. how could it be? They have never made a dollar EVER. By that logic, if they further dilute the stock to 50 Billion Shares, are you going to say that the company is now worth 50 Million? I suspect not.
While there is no definitive proof that this is 100% a scam, the tea leaves are all starting to speak volumes. More importantly, it is becoming less evident that it is legitimate. Some points to realize... There are only 3-5 total employees under NUBV with no corporate office. It is run out of the CEO's condo in Santa Ana. The pictures on the website are generic photos. The XND guys seem to have an office but I haven't confirmed that.
The reality of this stock is that they have unsuccesfully been trying to get the water out for over 5 years. They have a History of Reverse Splits and screwing past investors. The AS has never been this high before and is really a ridiculous share structure. They raised the A/S by 15 Billion over a 90 day period.
Inka Grill: They don't own the restraunts... They own the right to franchise them. This is a distraction and just makes you wonder what the heck their malfunction is. You buy a franchise hoping the reputation helps you immediately garner customers. Inka Grill is not a household name so why would people pay 50K to franchise when they can open their own restaruant? Jayger: At least this could be germaine to their business but again... bran new company that has never made money... Water is where the money is.
They PR'd that they had 700K for the launch and the rest of the funding would be all set in the coming weeks. That was prior to the huge volume that traded mid summer. It begs the question.. what happened to that money and why has the testing not even taken place. It is absurd that it is taking this long.
In your post, you act like they could have the water out next week. Gia spoke to Steve who is the CEO of XND and he admitted all this. He admitted they needed money... They need to tell the investors what the heck is going on.
There is a ton of interest out there and many people that are prepared to Champion this product, but they have been less then forthcoming at every step.
Kevin from NYC's plan will certainly help to apply pressure on the situation in a constructive fashion. To act like everything is rosie, and to continue granting them the benefit of the doubt is just a negligent course of action. I too am sick of people saying that this is just a Lotto. If a 19 yr old robs $1,000 from a store at gunpoint and gets caught, he goes to jail. It seems that people on IHUB think it is okay for Pink Stocks to rip them off for tens of thousands and just walk away helpless. I am not convinced that NUBV is one of them, but how can you not question their practices and hold them accountable?
NUBV-Man is a smart guy.. he isn't going to give NUBV another 150K without them opening up the books. KJ, Ken, & Steve are probably pulling a combined salary of $40K/month at least and if they are out of money, you know they will pay themselves first (maybe even backpay too) prior to putting it towards the Delayed Launch.
At any rate... I hope you make out okay but I advise a cautiously optomistic approach. Have a good weekend!
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