quote:Originally posted by thesource: There is so much B/S flying on IHUB to know whats true and whats not .
So what else is new??? LMAO. I am guessing were screwd for at least ten days. I have been through two of these in the past, one was resolved after 10 days and resumed trading OTC, the other was doomed to the land of the Grey's and still sits there (CEO in jail). I am guessing there will be 10 days of speculation because no one really knows whats what.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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There is alot of nonsense going there...looking at a company like BCIT when they had http://biz.yahoo.com/pz/060712/102020.html they eventually changed their QCIP http://biz.yahoo.com/pz/061101/107877.html and thus resulting into http://biz.yahoo.com/pz/061120/109114.html which took over three months to materialize, and still is not trading. That is our worst case scenerio. At best we will be trading in a couple of days to ten maybe....until the halt ends which I believe is ten days. It is a blurry picture as of now, but the CEO is upfront to this day, and it appears he is handling it ethically. JMO of course.
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If Select Transfer were to be found responsible and ordered to buy back the shares - how many would they have to buy back and at what price? Seems like the court would set such terms - ST's PR this AM sounded defiant.
My guess is that the shares will just be cancelled as counterfeit. Shareholders will have to write it off and next time read the fine terms: 'it's all a gamble".
Posts: 27 | Registered: Apr 2007
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T.1 Trading Halt - News Pending Trading is pending the release of material news. OTCBB issue is a deritive or component of a security which is listed on The Nasdaq Stock Market, U.S. exchange, or foreign market or exchange, and there is a trading halt on the underlying security.
quote:Originally posted by PRD: SEC could step into this one pretty soon. Dont hold overnight if you play it... IMO
quote:Originally posted by Wit: Select American Transfer Co.: Select American Transfer Co. Fires Back
Apr 11, 2007 (M2 PRESSWIRE via COMTEX) -- Select American Transfer Co. wishes to respond to the Press Release issued by The BigHub.com, Inc. (Other OTC: BHUB.PK) on April 10, 2007.
Select American Transfer Company confirms that it acted as the transfer agent to The BigHub.com Inc. but resigned from this position as transfer agent months ago.
The alleged information provided by Select American Transfer Company to The BigHub.com Inc. was unverified and required further review and verification before making such information public since Select American Transfer Company sent all the books and records to the company months ago when it resigned as transfer agent. The BigHub.com Inc.'s new management was made aware of this fact upon their inquiry for information therefore the view held by Select American Transfer Company is that claims made The BigHub.com Inc's Press Release were misleading and or false .
Select American Transfer Company has notified both www.pinksheets.com and the Depository Trust Corporation (DTC) of its resignation as transfer agent to The BigHub.com Inc.
Nathan Rogers, President stated: " The PR sent out by the management of The BigHUb.com Inc. was misleading and we wanted to set the record straight for the shareholders involved as well as our clients as such misinformation could harm our reputation and it could force us to seek damages from those who maliciously harm our corporate name and image. "
About Select American Transfer Co.
Select American Transfer Co. is a transfer agent licensed under the Securities Exchange Act of 1934 and regulated by the Securities and Exchange Commission (SEC).
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
CONTACT: Nathan Rogers, Select American Transfer Co. Tel: +1 647 722 9581 e-mail: info*selectamericantransfer.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
quote:Originally posted by williamjones: If Select Transfer were to be found responsible and ordered to buy back the shares - how many would they have to buy back and at what price? Seems like the court would set such terms - ST's PR this AM sounded defiant.
My guess is that the shares will just be cancelled as counterfeit. Shareholders will have to write it off and next time read the fine terms: 'it's all a gamble".
The T/A won't be responsible for the shares- unless he was a part of this scam- which i doubt. They will cancell the shares- either by court order or qsip schange. No gamble left- your either in or out.lol
your shares won't just disappear though, the co. didn't go bankrupt- you got to remember...Bhub is an active co., and for all intents and purposes- the counterfeit shares stand alone. "buy-in", restitution? 10 days and we will see the next step.
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Nathan Rogers, President stated: " The PR sent out by the management of The BigHUb.com Inc. was misleading and we wanted to set the record straight for the shareholders involved as well as our clients as such misinformation could harm our reputation and it could force us to seek damages from those who maliciously harm our corporate name and image. "
This guy is an idiot! BHUB only stated they haven't received a return call, and SAT violated Rule 17ad-7.
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thanks - but if the shares are 'cancelled' what does that mean? Are they replaced with something else? Will we get a '10 cents on the dollar' kind of deal offered? When I log in and see my BHUB - will the # sign be gne. tia
Posts: 27 | Registered: Apr 2007
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In theory, the broker, broker/dealer--whoever let 'em into the market--should buy to cover. If they have a case against the TA for damages, well, that's what E & O insurance is for...
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In theory, the broker, broker/dealer--whoever let 'em into the market--should buy to cover. If they have a case against the TA for damages, well, that's what E & O insurance is for...
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eeeeeeeek it was nice when bhub was going nutzo this past week or so! I was having a blast never got in a micro penny under .001 that hit .01. I sold some along to way and this almost made it to penny land, then yesterday I was convinced that it still would so I bought a BOATLOAD at 19, HA!!
we'll see what happens. I'm optimistic, but as far as a timetable NO idea. I hope it all clears up as quick as possible. fun fun fun
Posts: 2794 | From: nyc | Registered: Aug 2005
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quote:Originally posted by williamjones: thanks - but if the shares are 'cancelled' what does that mean? Are they replaced with something else? Will we get a '10 cents on the dollar' kind of deal offered? When I log in and see my BHUB - will the # sign be gne. tia
"cancelled", meaning- they will be deemed "counterfeit" legally; therefore severing any connection to the legitimate shares. But they won't just "poof" out of existance...not immediately anyway.LOL
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If cancelled is counterfeit can I do anything with them. I know if I bring a counterfeit 4100 bill to the bank and try to deposit it, I may as well bring toilet paper. How would this be different? In the end we end up with zilch?
Posts: 27 | Registered: Apr 2007
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quote:Originally posted by williamjones: If cancelled is counterfeit can I do anything with them. I know if I bring a counterfeit 4100 bill to the bank and try to deposit it, I may as well bring toilet paper. How would this be different? In the end we end up with zilch?
the only money you will see on those shares... is if there is a "buy-in" under the investor protection act.
IS this an official suspension or are they referencing todays events?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7788 | From: Virginia | Registered: May 2006
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edited Tex.... I was scrolling up instead of starting from where I left off. Skipping to the end of the story almost always leaves a sense of wonder.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7788 | From: Virginia | Registered: May 2006
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makes a HUGE difference imo. 4 day cut off to be able to resume Vs. having to have the MM's comply to the re-trade rules.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7788 | From: Virginia | Registered: May 2006
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quote:Originally posted by BooDog: makes a HUGE difference imo. 4 day cut off to be able to resume Vs. having to have the MM's comply to the re-trade rules.
agreed, simply saying DTC may not "post" correctly...
this is funny chit on SPR...Simon called the AS TA and they wouldn't readily ID themselves: "uhhh, who are you?"
quote:Originally posted by tmanfromtexas: Tex, Do you know where a person can find the monthly shares traded by MM. I looked at that last week but I cant find it now. Thanks, TMAN...
try the edu section on our home page...like you, I know it's "there," but can't recall it offhand... lemme know if you can't find it, but if you do? would you post in my reference thread? should definitely be there...
UBBFriend: Email this page to someone!
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