Replies to post #26351 on ((RAIN)) Rainmakers-Island

[learning as I go]

and the form 15

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7121406

[Ely]

Yup, that's the way I read it too....

[hdsstocks]

then why are they still trading???

[learning as I go]

A lot of Q's trade after they are delisted and out of business....if you dont know this, you shouldnt be trading Q's. Just because it trades, means ZILCH.

In visiting the board this morning, I see the old mod resigned his position to a new mod, and then sometime today got an asst mod spot. The new mod has posted nothing but a weekly chart and a daily chart and there is no new info pertaining to the company....but....the stock is up nearly 300% in 2 days.....hmmmm

Reasons why?....here's a few popular ones...

A) a pump group is running it, or getting ready to and pre-loading.
1) people didnt read the 8k's, court filings, SEC filings, etc. , and are believing what they read on a message board that it is coming out of BK.
2) someone is trying to say there is an "R/M in the works"
B) it is a dead cat bounce
C)....yadda yadda.....

We on this board have had plenty of experience playing Q's this year, we've made a few bucks....but, there is a reason for every play, momo, chart, filings, etc.
and we've busted a few trying to run BK's on nothing, and watched others hold the bags. I didnt spend much time on the deal, as I think we found enough pretty quick.

So far, if you followed this string of posts you replied to, you know the shares are canceled, you know the company filed the form 15 delisting its shares, so the shares you are trading now are basically worthless as far as a legit company doing business.
If you did some quick D&D like we did this morning, you would have found no filings, no merger candidate, not even a mention of anything to that fact except by a poster or two on that board, and I think you were one of them. You would've seen the company sold off its assets, yet the shell still has some debt associated with it.

So why is it legally trading?....no clue, for some reason, the SEC allows it..... most all BK companies do, even tho they shouldnt. What I do know is anyone trading it is trading paper at 001 per sheet. Can you make a few bucks? Probably from being in yesterday or before. Will it keep going?.....we'll see.

And yes, I'm well aware of QSGIQ, but, QSGIQ didnt cancel the commons or liquidate their assets. So for every QSGIQ.....there have been probably 50 that didnt make it, and yes I've played the ones that didnt, and made a few bucks....but I knew what I owned, worthless paper, and I always called them as I saw them, just like this one.

I see this post by you on the board where you say the commons are intact per the POR, I'd be interested in a link to that fact that the commons are still good and intact, and the company is in business when you are done with your D&D this weekend. Maybe I missed something in my quick look at it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55832590