CRWV - Not just Tim Hove mysteriously disappears - what about the 10 million restricted shares given out on April 15, 2011 (5 million to Hove and 5 million to Lindsay)
Lets start with the Spike to almost .02 in January. I was in this stock on The friday that they annouced to name change had finally taken efect. All though it was suppose to happen in november of 2010. There must have been a problem with FINRA.
The Company changed its name from Luke Entertainment, Inc. to its current name on November 4, 2010. The name change effected with the New York Secretary of State on November 4th, 2010 and is under process for FINRA acknowledgment. FINRA will have the event recognized and noted in the coming days.
I got in That friday at .005. And road the run up to almost two cents the following monday. Part of the reason for the run was that anybody that had bought the day before had to wait at least 3 business days for there new shares so they could trade. This was one of lenny's first dumps. While everybodies shares where tied up lenny was selling shares for a premium. Bye the time everyone got there shares it had setteled back down to around a penny. Lenny let the stock breath for a couple of days around the .01 mark before he dumped a buch of shares bringing LKEN back to the .005 mark where I finally got out with no profit(I know I was stupid for drinking the koolaid). During this time there was an all out pump going on on Ihub. Mostly focused on A rite aid pr, a walmart pr, and an infomercial pr.
Here is the "Walmart" pr. The pdf was labled wal-mart.
New York, New York – January 7, 2011 – Luke Entertainment, Inc.’s (OTC: LKEN) Accubrite (www.accubrite.com) executives have entered discussions with decision makers at a household name mega-chain for product orders within the company’s FreeInk4Life™ line. Executives feel that the product’s cost-efficient, convenient solution is a perfect fit for the chain, which has 8,500 stores in 15 countries with 55 different names.
Luke Entertainment, Inc.'s AccuBrite Takes a Big Step in the 'Rite' Direction With Nationwide RetailerGlobeNewswire (Fri, Dec 17)
DRMTV prs.
Source: Greene Concepts, Inc. Date: January 18, 2011 09:45 ET Greene Concepts, Inc.'s AccuBrite Prepares Direct Response Marketing for Television Advertisement Campaign
.
Source: Greene Concepts, Inc. Date: January 20, 2011 08:30 ET Greene Concepts, Inc. Releases Annual Projections for National Direct Response Television Campaign LKEN Projects in Excess of $40m From TV Sales Over Next 12 Months
I really like the part where lenny claims that LKEN is going to make $46,000,000 From Infomercials alone.
Then in the begining of February when lenny has almost maxed out the 5billion A/S we get this pr.
Source: Greene Concepts, Inc. Date: February 07, 2011 13:41 ET Greene Concepts, Inc. Announces Shareholder Dividend NEW YORK, Feb. 7, 2011 (GLOBE NEWSWIRE) -- Greene Concepts, Inc. (Pink Sheets:LKEN) Board of Directors is pleased to announce that its Board of Directors has approved a 5% Restricted Common Stock Dividend for all shareholders of record as of 60 days from the date of February 7, 2011 (Official Record Date is April 7, 2011) and a payable date of April 22, 2011
Followed by another massive dump by the company. At this point everyone is thinking well at least the A/S is maxed out and we can move up now without lenny dumping shares on us. We still have Rite aid, Walmart, and Infomercials right? Oh no we don't, They were just kidding.
On December 17, 2010, we issued a press release announcing that we had an agreement with Rite-Aid to supply products into Rite-Aid stores, with a roll-out date for product launch planned for March 1, 2011. On or about December 23, 2010 we were notified by Rite-Aid that the point person we were communicating with at Rite-Aid was no longer working with Rite-Aid and our product would be re-reviewed by Rite-Aid personnel. We are currently still in discussions with Rite-Aid and there is no timetable for our products to be in their stores.
On January 7, 2011, we issued a press release indicating that we were in discussions with a large discount department and warehouse chain, which, if consummated, would allow us to receive orders for our product lines from the stores. There is no new news to report regarding this potential businessopportunity and discussions are ongoing.
On January 20, 2011, we issued a press release announcing that we finalized projections for an upcoming direct response television (DRTV) campaign and announced an annual sales projection of $46 million, with $5.9 million projected in the three months ended April 30, 2011. To date, we are behind schedule for beginning our DRTV campaign. As our timeline for starting our DRTV campaign becomes more definitive we will update our projections as necessary
I have not contacted the TA since 8/25. Here comes the next little twist.
On June 30, 2011, we entered into a Series A Convertible Preferred Stock Purchase Agreement with Leonard M. Greene, our Chief Executive Officer and Chairman of the Board, pursuant to which we sold ten million (10,000,000) shares of Series A Convertible Preferred Stock to Mr. Greene
each share of Series A Convertible Preferred Stock will be convertible into One Hundred (100)shares of the Company’s common stock