Replies to post #8316 on Charlestowne Premium Beverages Inc. (FPWM)

[catchet]

Hasher, "lots of peeps", lol!!!! Peeps would be angry and not playing those billion OS penny stock freaks. I don't play those types of stocks with management types that do that. I dislike the nature of them and what they are doing. Was in one that got to 15 billion OS and it just kept reverse splitting and playing the same ole game. But never a penny freak that got anywhere close to 800 billion outstanding shares. That must be a record.

PWTC seems to be a classic pump and dump stock now, and creeping up to its 750 million OS limit. Then a reverse split most likely. Someone reported that Walter had to consult with LB how to run the company and get up to speed. It looks pretty clear that relation never ended and is still happening, and how the company is being runned or ruined. The same ole game.

7 years ago PWTC was an exciting times for investors with a new battery type almost unrivaled. Not anymore. Too many competitors and up and coming batteries too. If PWTC didn't waste the last 2 years in a court case they said they had absolute proof of winning, so why have the court case, maybe PWTC's lighter and stronger lead battery would be in niche markets now. But like you said PWTC is still 2 years away from completing deep cycle EV battery tests they haven't even started yet. And if they don't do those tests with a battery company but an independent lab again, they won't even have contracts waiting after that.

So PWTC looks like a classic pump and dump penny stock. Not the freak show penny stock you are talking about but a kindred type to it.

[otterman]

A word about CMKX. Begining tomorrow, Pink Sheets is cracking down on companies that dont make any attempt to report to them. Here's a couple of comments from another board I follow. Not sure if this will help or not in our fight. I believe PTI is listed at a higher market than this affects. Otterman.
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It means that starting Feb 16/05 if all pinkees that are quoted unsolicited haven't made adequate current information regarding their company available to the investing public via the Pink Sheets News Service, then Pink Sheets, LLC will no longer display quotes.

Pink Sheets believes adequate current information must be publicly available when an issuer's securities are traded in the OTC secondary markets under the following circumstances:

At the time of initial quotation in public markets;

At any time corporate insiders or other affiliates of the issuer are offering, buying or selling the issuer's securities in the OTC market;

During any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market; or

At the time securities initially sold in a private placement become freely tradeable in the OTC market.

If any of the four above situations are occurring, issuers subject to Section 13 or 15(d) of the Securities Exchange Act of 1934 must be current in their reporting obligations to the SEC. If an issuer is not required to be SEC reporting, we provide the Pink Sheets News Service for those non-SEC reporting issuers to make their information publicly available.
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All they have to do is report unaudited financials to the Pink Sheets News Service...and they don't even have to be SOX compliant...it's a step ahead, but in my opinion, not a serious step and it precludes any stocks that have previously been quoted on the OTC BB, apparently no matter how silent they are now....making it a bit of a joke.


As far as I can tell it does still effect XXXX, but not one's like CMKX that were previously quoted OTC BB, but have since gone pink, gagged their T/A, issued hundreds of billions of shares and file nothing.

We'll know for sure on Wednesday.

[MvnAlmn]

Thanks Peter. Do you remember?

PWTC is as much of a Penny stock as I can handle right now.

OT: Do you remember me as ealdog? I called you from Atlanta a year or so ago when I was there working in the Delta B727 simulators to chat at the beginning of the LB vs Snaper suit?

Bill O>