I find it very interesting the relationship between James N Turek the President of TBLUE is also the president of PLNI and being that PLNI is expected to release news TBLUE stock value has slowly been increasing over the past week. Not much alot of buys but an equal sell off between buys and sells and still a steady increase in PPS value. Mr.Turek as a CEO has done alot of interesting things such as being previously President of International Plastics Group. Mr. Turek began his career as a Corporate Financial Advisor working directly for the controller of McDonnell Douglas, Corporation. Upon the successful completion of his responsibilities, he was made Director of Convention, Print, Media, Travel, and Cinema Photography for McDonnell Douglas Corp. with responsibilities for all US and International Component companies. The scope of responsibility included commercial and military aircraft, weapon systems, space (NASA), MAC electronics, holography, voice synthesizing, MAC DAC (the largest computer facility in the US for McDonnell Douglas Corp.) scheduling, grading, interactive graphics, and school systems product, positioning, marketing, and representation. The most important thing is, even though the company has lost money the last quater ($56,830), it has cost share holders ($0.00) per shares meaning there is no diluation in the company to make back what they have lost. I believe when PLNI runs - TBLUE will also run the same way RAPT AND AMRE ran side by side for 2 -3 days. What I like about this company is the fact that even though they are losing money they are not diluating the company. Also, the chart looks ready for run: http://tinyurl.com/bd6cq So, this is my opinion on this company - What do you guys think about TBLUE?
Posted by stolibox on :
i think they are basically defunct. was a venture into the telcomm industry. look at the amount of volume on the chart, nil.
Posted by Wisdom_Dave on :
Here is a copy below of the e-mail I recieved this morning. ------------------------------------------------- Dear subscribers,
It has come to my attention that one of the companies owned by James N Turek ended the day at over 100%. This is a sure signal that PR is due within the next 1-3 business days from today’s close. You should also expect either one or both of the companies owned by James N Turek to run side by side during the entire day before the PR is released. Here is a quick recap:
1. A stock ends at 100% or more. 2. On the following day wither one or both of the companies run another 100% or more. 3. PR will then follow.
Thank You -------------------------------------------------
Posted by Chopper on :
TBLUE -- telcoBlue, Inc. Com ($0.001)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 10-QSB
(Mark One)
|X| Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2005. |_| Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 (No fee required) for the transition period from _____________ to
Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes |X| No |_|
The number of shares outstanding of Registrant's common stock ($0.001 par value) as of the quarter ended March 31, 2005 is 37,661,075.
TELCO BLUE, INC. BALANCE SHEET MARCH 31, 2005 (UNAUDITED)
ASSETS
Current assets Cash $ -- ------------ Total current assets --
Fixed assets, net 256,090 ------------
Total assets $ 256,090 ============
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities Bank overdraft $ 23,279 Accounts payable and accrued liabilities 894,013 Loans payable - current portion 1,225 Due to related parties 289,737 Other liabilities 472,500 ------------ Total current liabilities 1,680,754
TELCO BLUE, INC. STATEMENTS OF OPERATIONS (UNAUDITED)
For the three months For the three months ended ended March 31, 2005 March 31, 2004 ------------------ ------------------ Revenues $ -- $ 158,455
Cost of revenues -- 48,177 ------------------ ------------------
Gross profit -- 110,278
Operating expenses Selling, general and administrative 56,830 405,163 ------------------ ------------------ Total operating expenses 56,830 405,163 ------------------ ------------------
Loss from operations (56,830) (294,885)
Other expenses Interest expense -- (10,348) Other expense -- (542) ------------------ ------------------ Total other expenses -- (10,890) ------------------ ------------------
Net loss $ (56,830) $ (305,775) ================== ==================
Basic and diluted loss per common share $ (0.00) $ (0.01) ================== ==================
Basic and diluted weighted average common shares outstanding 37,661,075 27,420,785 ================== ==================
See Accompanying Notes to Condensed Financial Statements
TELCO BLUE, INC. STATEMENTS OF CASH FLOWS (UNAUDITED)
For the three months For the three months ended ended March 31, 2005 March 31, 2004 ------------------ ------------------ Cash flows from operating activities: Net loss $ (56,830) $ (305,775) Adjustments to reconcile net loss to net cash used by operating activities: Depreciation 11,813 16,783 Changes in operating assets and liabilities: Change in accounts receivable, net 3,995 49,455 Change in inventory -- 41,041 Change in bank overdraft 13,945 6,688 Change in accounts payable and accrued liabilities 27,077 4,835 Change in other liabilities -- 130,800 ------------------ ------------------ Net cash used by operating activities -- (56,173)
Cash flows from investing activities: Change in due from related parties -- 56,173 ------------------ ------------------ Net cash used by investing activities -- 56,173
Net change in cash -- --
Cash, beginning of period -- -- ------------------ ------------------
Cash, end of period $ -- $ -- ================== ==================
Supplemental disclosure of cash flow information:
Cash paid for interest $ -- $ -- ================== ==================
See Accompanying Notes to Condensed Financial Statements
1. BASIS OF PRESENTATION The accompanying unaudited financial statements have been prepared in accordance with Securities and Exchange Commission requirements for interim financial statements. Therefore, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.
The interim financial statements present the condensed balance sheet, statements of operations, member' deficit and cash flows of TelcoBlue, Inc. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States.
The interim financial information is unaudited. In the opinion of management, all adjustments necessary to present fairly the financial position as of March 31, 2005 and the results of operations presented herein have been included in the financial statements. Interim results are not necessarily indicative of results of operations for the full year.
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
2. SIGNIFICANT ACCOUNTING POLICIES
Use of estimates - The preparation of unaudited financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
3. GOING CONCERN
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of approximately $2,511,464 since its inception and requires capital for its contemplated operational and marketing activities to take place. The company's ability to raise additional capital through the future issuances of the common stock is unknown. The obtainment of additional financing, the successful development of the Company's contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt the Company's ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.
Item 2. Management's Discussion and Analysis or Plan of Operation The following discussion and analysis should be read in conjunction with telcoBlue's financial statements and notes thereto included elsewhere in this Form 10-QSB.
Except for the historical information contained herein, the discussion in this Form 10-QSB as amended contains certain forward looking statements that involve risks and uncertainties, such as statements of telcoBlue's plans, objectives, expectations and intentions. The cautionary statements made in this Form 10-QSB should be read as being applicable to all related forward statements wherever they appear in this Form 10-QSB. telcoBlue's actual results could differ materially from those discussed here.
Nature of Business. telcoBlue, Inc., formerly Better Call Home, Inc. ("BCH"), a development stage company, was formed in Nevada on August 2, 2002, to operate an Internet based long distance telephony network using state of the art Voice over Internet Protocol.
On August 29, 2002, BCH entered into a reorganization with Wave Power.net, Inc., an inactive public company, whereby Wave Power acquired all of the issued and outstanding shares of BCH's common stock by issuing to BCH's shareholders, pro rata, 16,000,000 shares of Wave Power common stock. At that time, Wave Power had 14,000,000 shares outstanding. The combined entity changed its name to telcoBlue, Inc. on August 29, 2002.
On January 22, 2004, telcoblue, Inc. acquired all the issued and outstanding stock of Promotional Containers Manufacturing, Inc. ("PCM"), a private Nevada company in exchange for 28,700,000 shares of telcoBlue, Inc. ("TELCO") common stock through a tax-free stock exchange, the terms and conditions set forth in an Agreement and Plan of Reorganization ("Agreement and Reorganization"). The company presently trades on the Over the Counter Bulletin Board stock exchange under the symbol, "TBLU".
The 28,700,000 shares were issued to James N. Turek, II, the son of James N. Turek, Sr., the President of telcoBlue, Inc.
GMB since its beginning in 1906 has expanded its product offerings from photomounts and other related paper packaging items to padded folios, wedding albums, baby albums, and today offers more than 2,000 products to its current clients.
The company's founder, Mr. Oliver Gross, was born in Takay, Hungary, in 1875 and came to the United States in 1889. In 1898 he was joined by two brothers in a company called, "The Western Photo and View Company". Touring the West and South, they would arrive into town, pitch a tent, and begin to photograph (with flash powder) the people, stores, and plants of the community. One of their stops was Toledo, Ohio, where they decided to stay. There, they formed the basis of Gross Manufacturing Corporation. The original business was photographic supply items. One item, which they purchased, from an eastern film, was card mounts, which were used to serve as a support for photographers' pictures. Because the supply became irregular, Mr. Gross bought some presses and started to make his own card mounts. This card mount business developed into more elaborate presentations now used by professional photographers worldwide.
8
-------------------------------------------------------------------------------- In 1930, his son, Mr. Robert Gross, joined the company and through the years, ran the Photomount Manufacturing, as well as a large retail and supply business from 1948 to 1970. In 1973 the "Nova" frame was introduced, which put the company into the plastic frame business.
The Company moved from Toledo, Ohio in 1980 to the City of El Paso, Texas, located at 6001 Threadgill Ave. This allowed the Company to remain cost competitive through reduced labor costs. In the late 1980's, Gross purchased Medick-Barrow's, one of its competitors.
In the spring of 2003, PCM acquired GMB's assets and began to update its systems and manufacturing. These changes allows us to provide digital as well as standard products while maintaining our quality.
BIOGRAPHIES
James N. (Jim) Turek, Sr., age 59, is President and CEO. Jim is also President and CEO of Plasticon International, Inc, a Wyoming corporation, which presently trades on the Pink Sheet Stock Exchange under the symbol, "PLNI". Jim was previously President of International Plastics Group. Before International Plastics Group, he served as President of three major convention and travel destinations. Jim began his career as a Corporate Financial Advisor working directly for the controller of McDonnell Douglas, Corporation. Upon the successful completion of his responsibilities, he was made Director of Convention, Print, Media, Travel, and Cinema Photography for McDonnell Douglas Corp. with responsibilities for all US and International Component companies. The scope of responsibility included commercial and military aircraft, weapon systems, space (NASA), MAC electronics, holography, voice synthesizing, MAC DAC (the largest computer facility in the US for McDonnell Douglas Corp.) scheduling, grading, interactive graphics, and school systems product, positioning, marketing, and representation.
James B. (Jim) Bonn, corporate counsel, age 72, has practiced law and accounting for nearly 40 years. As a lawyer and CPA, Mr. Bonn was responsible for the contracts division of the United States Navy. He spent several years in accounting and as an auditor for Peat, Marwick, Mitchell & Co. During the past ten years, Mr. Bonn has been in private practice specializing in corporate tax and related legal matters.
Capital Resources and Liquidity
During the quarter ended March 31,2005 there were no issuances of the Company's common stock.
Results of Operations
For the three month period ended March 31, 2005, the Company sustained a loss of ($56,830) or ($0.00) per share (basic and diluted) on no revenues. The loss in the first quarter of 2005 can be contributed to the fact the Company had no revenues yet still had administrative expenses. The total liabilities and stockholder's deficit for the quarter ended March 31, 2005 was $256,090.
Item 3. Controls and Procedures Evaluation of Disclosure Controls and Procedures
Our management, under the supervision and with the participation of our chief executive officer and chief financial officer, conducted an evaluation of our "disclosure controls and procedures" (as defined in Securities Exchange Act of 1934 (the "Exchange Act") Rules 13a-14(c)) within 90 days of the filing date of this quarterly report on Form 10QSB (the "Evaluation Date"). Due to the lack of cooperation by old management, certain transactions and agreements may exist that current management is not aware of. These transactions and agreements could have potential liability for telcoBlue. New management is seeking a court injunction to seize and recover all records of telcoBlue. Based on their evaluation, our chief executive officer and chief financial officer have concluded that, other than described above, as of the Evaluation Date, our current disclosure controls and procedures are effective to ensure that all material information required to be filed in this quarterly report on Form 10-QSB has been made known to them in a timely fashion.
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
On February 11th, 2004, Creative Containers filed suit against Telco Blue, Inc., in Cause No. 2004-631, in the 120th Judicial District Court in and for El Paso County, Texas on sworn pleadings for unpaid invoices for goods delivered. Telco Blue did not appear and wholly defaulted. Creative Containers was awarded a judgment against Telco Blue on April 30th, 2004, in the amount of $8,158.45, plus attorneys fees in the amount of $1,500.00. The judgment accrues interest at the rate of 10% per annum. Creative Contains is currently seeking post-judgment enforcement, to include a hearing for turnover relief. The next hearing on the post-judgment enforcement is set for July 1st, 2004 before the same 120th Judicial District Court. On December 23rd, 2003, Philip Moseman filed suit against Mid-America, GMB, Ltd., and Mid-America Photographics of Kansas, Inc., in the 327th Judicial District Court, in and for El Paso County, Texas, seeking damages from alleged breaches of employment agreements. Moseman later amended his suit to include Telco Blue, Inc. as a party defendant. Telco Blue has filed a special appearance challenging the jurisdiction of the court. A hearing on the special appearance is set for July 7th, 2004. Should the special appearance be denied then Telco Blue anticipates aggressively defending the suit. Moseman had originally been hired by the two predecessor Mid-America employers and claims that his employment agreement with Mid-America had carried over with his new employer, Promotional Containers Manufacturing, Inc. (PCM). He claims that Telco Blue, Inc., by merger, has stepped into the shoes of PCM and is thus liable. The case is still pending,
ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
None.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
Exhibit
Number Description ------ -----------
31.1 Certification by Chief Executive Officer and Chief Financial Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act, promulgated pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1 Certification by Chief Executive Officer and Chief Financial Officer, required by Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United States Code, promulgated pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized this 10th day of June, 2005.
1. I have reviewed this report on Form 10-QSB of telcoBlue, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14) for the registrant and we have:
a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this report (the "Evaluation Date"); and
c) presented in this report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;
5. I have disclosed, based on my most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function):
a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weakness in internal controls; and
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and
6. I have indicated in this report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
June 10, 2005 By /s/ James N. Turek -------------------------------- James N. Turek, President Chief Executive Officer, and Chief Financial Officer
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Quarterly Report of telcoBlue, Inc. (the "Company") on Form 10-QSB for the fiscal quarter ended March 31, 2005 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, James N. Turek, Chief Executive Officer and Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.
A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.
June 10, 2005
/s/ James N. Turek --------------------------- James N. Turek, Chief Executive Officer and Principal Financial Officer
Posted by ZJamaican on :
Interesting; so TBLUE and PLNI are both owned by the same person; didn’t know that. So this stock started coming up at a fair pace then popped up very nicely near to close. The interesting thing is this all happened on low volume, and the stock is up 160%.
I honestly think this has enormous potential. I think now the general public will catch onto tblue, and considering it went up a hefty amount today on small volume if the public gets into this tomorrow it will soar like no other. I’m gonna get in this in the morning, this will be fun. What do you all think? The potential in undeniable. Posted by Runamuck on :
I thought this company was sort of dead..
Think maybe the huge run up was a group play?
Posted by Wisdom_Dave on :
Nice post chopper. What I like about the filing, was how they mentioned the company has been losing money but how they do not plan on diluting the company. Which means with enough buying pressure tommorow TBLUE might have a very interesting day on friday which the PR is rumored to be released. Coincidence perphase? It's 52 week high is only .06 and from what history has taught us stock usually run wild once it's 52 week high is broken..
Posted by $Keith$ on :
group play....LOL...it had 296,627 in volume must a group of two...TBLUE runs easily because it has a low loat and O/S comparingly to other stocks in this price range, plus this thing has not had a 1 million volume day in like a year, so not many MM's on it, so after each buy they bump the ask up and people have bought, if the MM's bump the ask to .02 on PLNI I bet there would be atleast one idiot that would take a maket order and make the price hit .02
I am dumping PLNI in the morning!!! In my eyes its not going any where in the near future, and when I say near future I mean 2-4 months, I thought it would of hit .03 allready!
Theres to many other plays to be had!!!
Posted by stolibox on :
i don't know if i'd play around with a stock that has a 80% spread. .01x.018. next mm down on bid is at .005. i'll watch you guys tomorrow, good luck. you can go to quotemedia dot com for 20min delayed l2 on otc:bb's for anyone interested. you can see tblue's lineup. if volume does come though, it could pop.
Posted by $Keith$ on :
exactly Stolibox...not many mm's on it, if they get caught off guard in the morning with a bunch of buys this thing will go through the roof...
Posted by Wisdom_Dave on :
quote:Originally posted by $Keith$: group play....LOL...it had 296,627 in volume must a group of two...TBLUE runs easily because it has a low loat and O/S comparingly to other stocks in this price range, plus this thing has not had a 1 million volume day in like a year, so not many MM's on it, so after each buy they bump the ask up and people have bought, if the MM's bump the ask to .02 on PLNI I bet there would be atleast one idiot that would take a maket order and make the price hit .02
I am dumping PLNI in the morning!!! In my eyes its not going any where in the near future, and when I say near future I mean 2-4 months, I thought it would of hit .03 allready!
Theres to many other plays to be had!!!
Keith to tell you the truth this may very well be a group play or it may not. I don't know if you saw RAPT along with AMRE. They had almost no volume and ran side by side for 2 days straight. PLNI has some resistance unlike TBLUE which has none. I would rather invest in a company in which I can make profit in and TBLUE appears to be that stock. Before close I notice NITE on the bid along with PERT and GNET sitting on .017 Most of the time MM tend to move once the bell rings. I have searched around and this does not appear to be a group pick to me. Expect to see a tigher spread with this stock and even a run in the morning if the public gets in. Weither it's a group pick or not once the PR is released she will run regardless so not wanting to get in before everyone else does will be a mistake that could cost you 100-200% in profit..
Posted by Wisdom_Dave on :
quote:Originally posted by $Keith$: exactly Stolibox...not many mm's on it, if they get caught off guard in the morning with a bunch of buys this thing will go through the roof...
Wouldn't you agree a stock like this would make who ever dear invest in it alot of money. Being the mm might get caught sleeping after the bell will lead you to believe that you could fill enough shares at this price, break it's 52 week high, and make profit you can not make on PLNI unless news was to be released.
Posted by ZJamaican on :
Well basically all it comes down to is that if this pick gets a nice amount of volume tomorrow it will rocket up; absolutely no question about it. It’s as simple as that. Pennies are about making money and this pick is a good opportunity in my opinion. I’m really curious as to how much volume it will get in the morning, I think it has caught the eye of many, if I get in at a good price tomorrow, should be exciting.
Posted by renrob05 on :
Anyways, I received the same email that Dave had received. I'm obviously not the only one. There is news on the horizon with TBLUE. I want in before the news.
Posted by Wisdom_Dave on :
Same deal with PLNI not to mention it's a pink sheet which gives the MM a advantage to do anything they want with the shares they hold, and the shares they want to buy from us. Take it from me when I say TBLUE is the best hope out of these two companies. As someone said 50m in volume and TBLUE will be at $1.00 .... PLNI will take in 50m in volume and not even uptick. That's what worries me and after all the talk above a r/s is the best thing for the company. Atleast TBLUE would be PLNI but with less resistance, lower float, less out standing shares, and less shares in the hands of the MM's which would mean they will raise the bid to attract sellers.
Posted by maniladreamin on :
sounds like this turek fellow is a real scammer
Posted by ZJamaican on :
I'm just repeating what I said in the other thread for clarification purposes:
quote:I hear you maniladreamin, turek has some shady aspects about him. The thing is to me to me all it comes down to this: "Will this pick move significantly or not", as of right now for TBLUE there are more signs telling me positive things than negative things. There will always be negative things about a pick but all that matters is that there are more positive than negative.
Posted by archmotel on :
gonna give it a try, wat more can i lose, cant be like wftv
Posted by Wisdom_Dave on :
Low float Low O/S MM holding no shares Rumor of news Getting 200-500% profit ~~~~Priceless~~~~ Why wait for PLNI to do a r/s when you can make money else where. For everything else there is TBLUE..... =)
Posted by maniladreamin on :
or you could really make money on emti...
Posted by Wisdom_Dave on :
That to. But this isn't a EMIT thread. =)
Posted by Runamuck on :
quote:Originally posted by archmotel: gonna give it a try, wat more can i lose, cant be like wftv
WFTV sucks I lost on that one... Oh well you live and learn..
Posted by Chopper on :
Little DD on Tblue. The Company has an accumulated loss during the development stage of approximately $2,843,000 and current liabilities exceed current assets of approximately $1,259,000. On January 22, 2004, telcoblue, Inc. acquired all the issued and outstanding stock of Promotional Containers Manufacturing, Inc 28,700,000 shares (75% of all outstanding stock shares) were issued to James N. Turek, II, the son of James N. Turek, Sr., the President of telcoBlue, Inc. The Balance of shares as of March 31,2005 37,661,075 Leaves only 8,961,075 shares on the open market at best.
Posted by renrob05 on :
Only 8 million on the market. This thing could fly with little volume. I hope to get in before news is out.
Posted by Wisdom_Dave on :
.01/.011
Posted by singer boy on :
its tanking...
Posted by Wisdom_Dave on :
They dropped the ask to fill the gap of .01 on bid .019 on ask. All she needs now is buys on ask and she should fly.
Posted by renrob05 on :
ask back up to 0.019...if we get a little volume this will fly. Only 8 million shares on the market.
Posted by renrob05 on :
tight spread 0.018 x 0.019. This will fly
Posted by ZJamaican on :
Ok perfect, time to buy, the spread is tight ask is .019 and bid is .018, looks like its ready for a run fellas. TIme to jump in.
Posted by ZJamaican on :
Look at the Level II's for this thing a lot of buys just flowed in. PAY DAY is coming.
Posted by bill1352 on :
bid 1x.016 1x.015 1x.012 5x.005
ask 1x.017 2x.018 1x..019 2x.02
Posted by ZJamaican on :
Yep spread is nice and tight, people will hopefully become interested now.
Posted by renrob05 on :
Nice to see you here Bill. You in this one?
Posted by Durple on :
Think I'm gonna buy about 215k of this and see what happens
Posted by Durple on :
5k executed 210k to go
Posted by ZJamaican on :
This is looking hot ALL buys coming through no sells. Good Luck to all.
Posted by bond006 on :
1 don't exactly why but i went in this one to i bought more plni this morning so i only had enough cash for 80k gltal
Posted by Wisdom_Dave on :
.016/.018 now From this point on this stock is going to fly. I hope everyone will be ready for the % change when they see this stocks true potential.
Posted by Wisdom_Dave on :
quote:Originally posted by bond006: 1 don't exactly why but i went in this one to i bought more plni this morning so i only had enough cash for 80k gltal
As stated this pick has more potential then PLNI does. She dropped all t he way to .007/.0099 and look where she is now.
Posted by Durple on :
only got 130k cancelled the rest and bought some GOOG 5 shares of it Posted by bmarley5780 on :
LOL
Posted by Wisdom_Dave on :
I reckon GNET is holding 15k at the ask price then we move to HOD
Posted by renrob05 on :
Once we break 0.02 this is going to fly.
Posted by archmotel on :
quote:Originally posted by Durple: only got 130k cancelled the rest and bought some GOOG 5 shares of it
LOL
Posted by bmarley5780 on :
ok........
so who had made some $ ?
Posted by Wisdom_Dave on :
quote:Originally posted by bmarley5780: ok........
so who had made some $ ?
I reckon the people who bought in on todays dip. It's a shame this stock could not even bring in 1m in volume. Either shows that no one is interested or maybe because it's friday. For a stock to have only 8m in the float, you would think people whould jump on TBLUE but I guess not. What do you guys think will happen on monday with this stock?
Posted by netinvestor on :
I have looked over this stock and I guess I dont see what you guys see. I see a company that has no revenue and only has debt from operating costs, I dont see any company news I only see the SECs and every one says they have debt and no revenue. so could you explain to me what makes this a good stock? it sounds like they only hope to have someone buy them out from the same industry, Im not sure what someone would pay for nothing. If Im not seeing something please inform me, I want to know what is going to make the pps run up like people are saying its going to do, thanks
Posted by Wisdom_Dave on :
Netinvestor it's easy to see. Weither or not the company is worth 2m dollars or 2m dollars in debt the main thing is the following. Low float and Low out-standing share which would make it a good stock to make money in. Yes the company has lost money but does not plan to diluate the stock unlike WFTV.. The main thing is this. Alot of people don't care weither or not if it's worth anything because it has nothing to do with how the stock will run. Once a group per say or a rumor starts and people starts to buy this stock will make who ever invest in it money and that's whats inportant. The main thing is the following 1) They are in debt but does not need investors funds to cover losses 2) Low float, low outstanding shares, which means if volume hits it the % change will increase alot..
So that's why this stock is a good investment. Not because it is worth anything but because it can make investors money.
Posted by netinvestor on :
well the volume doubled today and it dropped 30% I will leave it to you to make money on this one gltu
Posted by Wisdom_Dave on :
quote:Originally posted by netinvestor: well the volume doubled today and it dropped 30% I will leave it to you to make money on this one gltu
If you look at the price in which it opened at you will notice it opened at .019 on the ask. Then sells came in and it dropped to .0099 on the ask.. It later recieved volume which brought it to .018 until the people sold before the bell and took profit. Investor you need to do alittle more DD before you give general info to make the stock look bad. You have a nice weekend.
Posted by Wisdom_Dave on :
So all in all after opened and it dipped to .0099 it went up another 80% until people started to sell before close to take profit.
Posted by Wisdom_Dave on :
287,500 in sell volume 252,394 in buy volume ------- 539,894 in total volume
As you can see the buy and the sell are almost the same so you can expect it even finish in green. Ontop of that it dropped 100% from open after the GAP and it still worked it's way back up. NITE is holding 15k shares at .015 and right back to .018 So as you can see the MM tried to force investors from yesterday to sell and it worked in the morning but overall the volume from buys and sells were almost the same. Anything else some one would like to add?
Posted by Wisdom_Dave on :
quote:Originally posted by netinvestor: well the volume doubled today and it dropped 30% I will leave it to you to make money on this one gltu
Also I picked up my shares after the GAP because almost every stock that GAPS drops to fill the GAP. So at a point in time I was up 80% just did not sell my shares. Monday is a new and we shall see what she brings us.
Posted by Durple on :
I just took a dive into today and bought 130k shares so I was more than half the buys. Hope it does well next week
Posted by maniladreamin on :
you should be buying emti if you want to make money.
Posted by Wisdom_Dave on :
quote:Originally posted by maniladreamin: you should be buying emti if you want to make money.
Please pump EMTI on it's thread and not this one please.
Posted by Wisdom_Dave on :
quote:Originally posted by Durple: I just took a dive into today and bought 130k shares so I was more than half the buys. Hope it does well next week
Its a shame that you bought so many shares... Well now it's like you have the most shares out of everyone who got in today. Hopefully someone will pick this up and run her next week...
Posted by kanalgeruch on :
Stupid question -Please enlighten me: since telcoblue is obviously inactive yet on the BB, why doesnt TUREK's tlecoeblue simply acquire PLNI International by way of a stock exchange..and then PLNI is off the Pink Sheets...and they would save theselves the entire ordeal (and costs) of moving PLNI from the Pinks to be fully reporting?
Posted by BuyTex on :
quote:Originally posted by Wisdom_Dave: Time and sells
287,500 in sell volume 252,394 in buy volume ------- 539,894 in total volume
As you can see the buy and the sell are almost the same so you can expect it even finish in green. Ontop of that it dropped 100% from open after the GAP and it still worked it's way back up. NITE is holding 15k shares at .015 and right back to .018 So as you can see the MM tried to force investors from yesterday to sell and it worked in the morning but overall the volume from buys and sells were almost the same. Anything else some one would like to add?
Hey, neighbor, cool T/S list, where's it from?
Posted by BuyTex on :
quote:Originally posted by kanalgeruch: Stupid question -Please enlighten me: since telcoblue is obviously inactive yet on the BB, why doesnt TUREK's tlecoeblue simply acquire PLNI International by way of a stock exchange..and then PLNI is off the Pink Sheets...and they would save theselves the entire ordeal (and costs) of moving PLNI from the Pinks to be fully reporting?
I think that is a very good question...seems like it would address a few other issues, as well. Good catch, kanalgeruch...
Posted by Chopper on :
That may happen after the audits of SEMCO and Plasticon are complete. That would explain the audit extension process.
Posted by renrob05 on :
quote:Originally posted by kanalgeruch: Stupid question -Please enlighten me: since telcoblue is obviously inactive yet on the BB, why doesnt TUREK's tlecoeblue simply acquire PLNI International by way of a stock exchange..and then PLNI is off the Pink Sheets...and they would save theselves the entire ordeal (and costs) of moving PLNI from the Pinks to be fully reporting?
All I know is that i received an email that there was going to be a big PR from TBLUE. And the volume has been up for about a week now. Something is fishy here.
Posted by netinvestor on :
Im new to this game but wouldnt it make plni look bad to backdoor there way off the pinks, by having a basically non-existant compnay that "they" own buy them out, dont you think they want to do it the right way the legit way, I think it would look bad for plni to get bought by tblue just to get off the pinks, it might be different if they had anything to do with the same industry, or had any success, wouldnt the investors of plni think it looks odds get turned off by a move like that, I might sounds crazy but thats how it would seem to me but like I said Im new and dont know much about these type things
Posted by BuyTex on :
Good point, and I don't know, either. But just too look at another way, maybe they'd be perceived as "smart cookies" for being efficient, expedient, etc. You know, avoid tying up capital, looking out for shareholders...? I dunno--kanalgeruch opened up a nice topic for discussion...
Posted by Wisdom_Dave on :
quote:Originally posted by BuyTex:
quote:Originally posted by Wisdom_Dave: Time and sells
287,500 in sell volume 252,394 in buy volume ------- 539,894 in total volume
As you can see the buy and the sell are almost the same so you can expect it even finish in green. Ontop of that it dropped 100% from open after the GAP and it still worked it's way back up. NITE is holding 15k shares at .015 and right back to .018 So as you can see the MM tried to force investors from yesterday to sell and it worked in the morning but overall the volume from buys and sells were almost the same. Anything else some one would like to add?
Hey, neighbor, cool T/S list, where's it from?
I got it from otcbb dot com =)
Posted by BuyTex on :
Thanks, freebie, or something you buy?
Posted by Wisdom_Dave on :
quote:Originally posted by netinvestor: Im new to this game but wouldnt it make plni look bad to backdoor there way off the pinks, by having a basically non-existant compnay that "they" own buy them out, dont you think they want to do it the right way the legit way, I think it would look bad for plni to get bought by tblue just to get off the pinks, it might be different if they had anything to do with the same industry, or had any success, wouldnt the investors of plni think it looks odds get turned off by a move like that, I might sounds crazy but thats how it would seem to me but like I said Im new and dont know much about these type things
Think about it this way. TBLUE buying out PLNI is not such a bad idea. Look at the outstanding shares and float. It would also give people who have invested in PLNI a chance to take there money else where without having a r/s done to them. It would also mean the whole process of going from pink sheets to OTC can be avoided all together. IMO TBLUE is away for those die hard PLNI fans to make some money back by investing in there sister corp. Look at the time and sells. Usually when a low floater has more sells then buys the price tanks even lower. Only reason why it was down 30% at EOD was because people wanted out so they sold from .016-.013 If someone was to print .018 it would be down 5% after closeing the day before 160% All in all PLNI has to many bad things going for them now. R/S soon to come before they can move to OTC and we all know what R/S can do to investors account value. Not to mention interest will have to be given to the stock in OTC for people to want to pay for a stock in which was .012 per shares and after the r/s is now 1.00 or so TBLUE is a way out weither the company is worth anything or not. Mr. Turek is looking out for investors by exposing TBLUE to the public. No promo's but just % change. Showing investors if you would like to make money invest in this company and we will turn her into a gem with you holding shares of it. There is nothing besides the company being worth nothing and being in debt that would make you not want to take a chance in investing. Atleast they will not diluate the stock to pay off debt. Thats the most important thing for everyone to know. It's in the filing..
Posted by Wisdom_Dave on :
quote:Originally posted by BuyTex: Thanks, freebie, or something you buy?
It's free. I also was watched the action on level 2's It was amazing how the MM just gave people parital fills. They really have no shares unlike PLNI in which millions of shares is being hels by 1 mm to even move them off the ask price.
Posted by maniladreamin on :
there is a long interview with james turek on a site, but the site doesnt allow reporduction. the site contains the name wall street reporter
Posted by Wisdom_Dave on :
quote:Originally posted by kanalgeruch: Stupid question -Please enlighten me: since telcoblue is obviously inactive yet on the BB, why doesnt TUREK's tlecoeblue simply acquire PLNI International by way of a stock exchange..and then PLNI is off the Pink Sheets...and they would save theselves the entire ordeal (and costs) of moving PLNI from the Pinks to be fully reporting?
To tell you the truth that's what I believe is happening here with TBLUE. If you can sit back and do the DD for a second. The amount of volume PLNI recieves either in buys or sells in 1 hour has never been traded in TBLUE for 1 full year. If the investors from PLNI moved over to TBLUE can you imagine the pps in which TBLUE will reach. Everyone rather invest in a stock which has news everyday or something in which people can talk about but, most of the times these companies do nothing but head downward in the charts. PLNI's problem is that it is in pink sheets. And for it to get out it will need to do a R/S which will kill all of it's investors. What is TBLUE was put into place for current investors of PLNI to invest into TBLUE until everything gets straighten out with PLNI. After the r/s is complete and off of pinks. TBLUE is sort of like a bank of PLNI and you can gain interest until PLNI moves off of PINK SHEETS. Everyone will agree that TBLUE WITH VOLUME will make everyone holding shares alot of money. So maybe this was put into place to raise money for PLNI once the transfer is done. Not wishful thinking but why else would he buy a company like TBLUE and mention it where as everyone can see it?
Posted by BuyTex on :
quote:Originally posted by Wisdom_Dave:
quote:Originally posted by BuyTex: Thanks, freebie, or something you buy?
It's free. I also was watched the action on level 2's It was amazing how the MM just gave people parital fills. They really have no shares unlike PLNI in which millions of shares is being hels by 1 mm to even move them off the ask price.
i look at microcaptrade, but it doesn't distinguish sells from buys; what area of OTCBB do you use? clicking on "Time/Sales" produces a pay-for reports page...thanks for your time...
also, you mentioned a filing...am i that far behind? Has something actually been filed?
Posted by Wisdom_Dave on :
quote:Originally posted by Chopper: TBLUE -- telcoBlue, Inc. Com ($0.001)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 10-QSB
(Mark One)
|X| Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2005. |_| Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 (No fee required) for the transition period from _____________ to
Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes |X| No |_|
The number of shares outstanding of Registrant's common stock ($0.001 par value) as of the quarter ended March 31, 2005 is 37,661,075.
TELCO BLUE, INC. BALANCE SHEET MARCH 31, 2005 (UNAUDITED)
ASSETS
Current assets Cash $ -- ------------ Total current assets --
Fixed assets, net 256,090 ------------
Total assets $ 256,090 ============
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities Bank overdraft $ 23,279 Accounts payable and accrued liabilities 894,013 Loans payable - current portion 1,225 Due to related parties 289,737 Other liabilities 472,500 ------------ Total current liabilities 1,680,754
TELCO BLUE, INC. STATEMENTS OF OPERATIONS (UNAUDITED)
For the three months For the three months ended ended March 31, 2005 March 31, 2004 ------------------ ------------------ Revenues $ -- $ 158,455
Cost of revenues -- 48,177 ------------------ ------------------
Gross profit -- 110,278
Operating expenses Selling, general and administrative 56,830 405,163 ------------------ ------------------ Total operating expenses 56,830 405,163 ------------------ ------------------
Loss from operations (56,830) (294,885)
Other expenses Interest expense -- (10,348) Other expense -- (542) ------------------ ------------------ Total other expenses -- (10,890) ------------------ ------------------
Net loss $ (56,830) $ (305,775) ================== ==================
Basic and diluted loss per common share $ (0.00) $ (0.01) ================== ==================
Basic and diluted weighted average common shares outstanding 37,661,075 27,420,785 ================== ==================
See Accompanying Notes to Condensed Financial Statements
TELCO BLUE, INC. STATEMENTS OF CASH FLOWS (UNAUDITED)
For the three months For the three months ended ended March 31, 2005 March 31, 2004 ------------------ ------------------ Cash flows from operating activities: Net loss $ (56,830) $ (305,775) Adjustments to reconcile net loss to net cash used by operating activities: Depreciation 11,813 16,783 Changes in operating assets and liabilities: Change in accounts receivable, net 3,995 49,455 Change in inventory -- 41,041 Change in bank overdraft 13,945 6,688 Change in accounts payable and accrued liabilities 27,077 4,835 Change in other liabilities -- 130,800 ------------------ ------------------ Net cash used by operating activities -- (56,173)
Cash flows from investing activities: Change in due from related parties -- 56,173 ------------------ ------------------ Net cash used by investing activities -- 56,173
Net change in cash -- --
Cash, beginning of period -- -- ------------------ ------------------
Cash, end of period $ -- $ -- ================== ==================
Supplemental disclosure of cash flow information:
Cash paid for interest $ -- $ -- ================== ==================
See Accompanying Notes to Condensed Financial Statements
1. BASIS OF PRESENTATION The accompanying unaudited financial statements have been prepared in accordance with Securities and Exchange Commission requirements for interim financial statements. Therefore, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.
The interim financial statements present the condensed balance sheet, statements of operations, member' deficit and cash flows of TelcoBlue, Inc. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States.
The interim financial information is unaudited. In the opinion of management, all adjustments necessary to present fairly the financial position as of March 31, 2005 and the results of operations presented herein have been included in the financial statements. Interim results are not necessarily indicative of results of operations for the full year.
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
2. SIGNIFICANT ACCOUNTING POLICIES
Use of estimates - The preparation of unaudited financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
3. GOING CONCERN
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of approximately $2,511,464 since its inception and requires capital for its contemplated operational and marketing activities to take place. The company's ability to raise additional capital through the future issuances of the common stock is unknown. The obtainment of additional financing, the successful development of the Company's contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt the Company's ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.
Item 2. Management's Discussion and Analysis or Plan of Operation The following discussion and analysis should be read in conjunction with telcoBlue's financial statements and notes thereto included elsewhere in this Form 10-QSB.
Except for the historical information contained herein, the discussion in this Form 10-QSB as amended contains certain forward looking statements that involve risks and uncertainties, such as statements of telcoBlue's plans, objectives, expectations and intentions. The cautionary statements made in this Form 10-QSB should be read as being applicable to all related forward statements wherever they appear in this Form 10-QSB. telcoBlue's actual results could differ materially from those discussed here.
Nature of Business. telcoBlue, Inc., formerly Better Call Home, Inc. ("BCH"), a development stage company, was formed in Nevada on August 2, 2002, to operate an Internet based long distance telephony network using state of the art Voice over Internet Protocol.
On August 29, 2002, BCH entered into a reorganization with Wave Power.net, Inc., an inactive public company, whereby Wave Power acquired all of the issued and outstanding shares of BCH's common stock by issuing to BCH's shareholders, pro rata, 16,000,000 shares of Wave Power common stock. At that time, Wave Power had 14,000,000 shares outstanding. The combined entity changed its name to telcoBlue, Inc. on August 29, 2002.
On January 22, 2004, telcoblue, Inc. acquired all the issued and outstanding stock of Promotional Containers Manufacturing, Inc. ("PCM"), a private Nevada company in exchange for 28,700,000 shares of telcoBlue, Inc. ("TELCO") common stock through a tax-free stock exchange, the terms and conditions set forth in an Agreement and Plan of Reorganization ("Agreement and Reorganization"). The company presently trades on the Over the Counter Bulletin Board stock exchange under the symbol, "TBLU".
The 28,700,000 shares were issued to James N. Turek, II, the son of James N. Turek, Sr., the President of telcoBlue, Inc.
GMB since its beginning in 1906 has expanded its product offerings from photomounts and other related paper packaging items to padded folios, wedding albums, baby albums, and today offers more than 2,000 products to its current clients.
The company's founder, Mr. Oliver Gross, was born in Takay, Hungary, in 1875 and came to the United States in 1889. In 1898 he was joined by two brothers in a company called, "The Western Photo and View Company". Touring the West and South, they would arrive into town, pitch a tent, and begin to photograph (with flash powder) the people, stores, and plants of the community. One of their stops was Toledo, Ohio, where they decided to stay. There, they formed the basis of Gross Manufacturing Corporation. The original business was photographic supply items. One item, which they purchased, from an eastern film, was card mounts, which were used to serve as a support for photographers' pictures. Because the supply became irregular, Mr. Gross bought some presses and started to make his own card mounts. This card mount business developed into more elaborate presentations now used by professional photographers worldwide.
8
-------------------------------------------------------------------------------- In 1930, his son, Mr. Robert Gross, joined the company and through the years, ran the Photomount Manufacturing, as well as a large retail and supply business from 1948 to 1970. In 1973 the "Nova" frame was introduced, which put the company into the plastic frame business.
The Company moved from Toledo, Ohio in 1980 to the City of El Paso, Texas, located at 6001 Threadgill Ave. This allowed the Company to remain cost competitive through reduced labor costs. In the late 1980's, Gross purchased Medick-Barrow's, one of its competitors.
In the spring of 2003, PCM acquired GMB's assets and began to update its systems and manufacturing. These changes allows us to provide digital as well as standard products while maintaining our quality.
BIOGRAPHIES
James N. (Jim) Turek, Sr., age 59, is President and CEO. Jim is also President and CEO of Plasticon International, Inc, a Wyoming corporation, which presently trades on the Pink Sheet Stock Exchange under the symbol, "PLNI". Jim was previously President of International Plastics Group. Before International Plastics Group, he served as President of three major convention and travel destinations. Jim began his career as a Corporate Financial Advisor working directly for the controller of McDonnell Douglas, Corporation. Upon the successful completion of his responsibilities, he was made Director of Convention, Print, Media, Travel, and Cinema Photography for McDonnell Douglas Corp. with responsibilities for all US and International Component companies. The scope of responsibility included commercial and military aircraft, weapon systems, space (NASA), MAC electronics, holography, voice synthesizing, MAC DAC (the largest computer facility in the US for McDonnell Douglas Corp.) scheduling, grading, interactive graphics, and school systems product, positioning, marketing, and representation.
James B. (Jim) Bonn, corporate counsel, age 72, has practiced law and accounting for nearly 40 years. As a lawyer and CPA, Mr. Bonn was responsible for the contracts division of the United States Navy. He spent several years in accounting and as an auditor for Peat, Marwick, Mitchell & Co. During the past ten years, Mr. Bonn has been in private practice specializing in corporate tax and related legal matters.
Capital Resources and Liquidity
During the quarter ended March 31,2005 there were no issuances of the Company's common stock.
Results of Operations
For the three month period ended March 31, 2005, the Company sustained a loss of ($56,830) or ($0.00) per share (basic and diluted) on no revenues. The loss in the first quarter of 2005 can be contributed to the fact the Company had no revenues yet still had administrative expenses. The total liabilities and stockholder's deficit for the quarter ended March 31, 2005 was $256,090.
Item 3. Controls and Procedures Evaluation of Disclosure Controls and Procedures
Our management, under the supervision and with the participation of our chief executive officer and chief financial officer, conducted an evaluation of our "disclosure controls and procedures" (as defined in Securities Exchange Act of 1934 (the "Exchange Act") Rules 13a-14(c)) within 90 days of the filing date of this quarterly report on Form 10QSB (the "Evaluation Date"). Due to the lack of cooperation by old management, certain transactions and agreements may exist that current management is not aware of. These transactions and agreements could have potential liability for telcoBlue. New management is seeking a court injunction to seize and recover all records of telcoBlue. Based on their evaluation, our chief executive officer and chief financial officer have concluded that, other than described above, as of the Evaluation Date, our current disclosure controls and procedures are effective to ensure that all material information required to be filed in this quarterly report on Form 10-QSB has been made known to them in a timely fashion.
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
On February 11th, 2004, Creative Containers filed suit against Telco Blue, Inc., in Cause No. 2004-631, in the 120th Judicial District Court in and for El Paso County, Texas on sworn pleadings for unpaid invoices for goods delivered. Telco Blue did not appear and wholly defaulted. Creative Containers was awarded a judgment against Telco Blue on April 30th, 2004, in the amount of $8,158.45, plus attorneys fees in the amount of $1,500.00. The judgment accrues interest at the rate of 10% per annum. Creative Contains is currently seeking post-judgment enforcement, to include a hearing for turnover relief. The next hearing on the post-judgment enforcement is set for July 1st, 2004 before the same 120th Judicial District Court. On December 23rd, 2003, Philip Moseman filed suit against Mid-America, GMB, Ltd., and Mid-America Photographics of Kansas, Inc., in the 327th Judicial District Court, in and for El Paso County, Texas, seeking damages from alleged breaches of employment agreements. Moseman later amended his suit to include Telco Blue, Inc. as a party defendant. Telco Blue has filed a special appearance challenging the jurisdiction of the court. A hearing on the special appearance is set for July 7th, 2004. Should the special appearance be denied then Telco Blue anticipates aggressively defending the suit. Moseman had originally been hired by the two predecessor Mid-America employers and claims that his employment agreement with Mid-America had carried over with his new employer, Promotional Containers Manufacturing, Inc. (PCM). He claims that Telco Blue, Inc., by merger, has stepped into the shoes of PCM and is thus liable. The case is still pending,
ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
None.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
Exhibit
Number Description ------ -----------
31.1 Certification by Chief Executive Officer and Chief Financial Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act, promulgated pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1 Certification by Chief Executive Officer and Chief Financial Officer, required by Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United States Code, promulgated pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized this 10th day of June, 2005.
1. I have reviewed this report on Form 10-QSB of telcoBlue, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14) for the registrant and we have:
a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this report (the "Evaluation Date"); and
c) presented in this report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;
5. I have disclosed, based on my most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function):
a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weakness in internal controls; and
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and
6. I have indicated in this report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
June 10, 2005 By /s/ James N. Turek -------------------------------- James N. Turek, President Chief Executive Officer, and Chief Financial Officer
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Quarterly Report of telcoBlue, Inc. (the "Company") on Form 10-QSB for the fiscal quarter ended March 31, 2005 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, James N. Turek, Chief Executive Officer and Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.
A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.
June 10, 2005
/s/ James N. Turek --------------------------- James N. Turek, Chief Executive Officer and Principal Financial Officer
SEC report. If you read it you will see what I mentioned about being in debt and not diluating the stock.. And Along with my paided microcap I took a snap shoot and put in the buys and sells.. =)
Posted by ZJamaican on :
My take on TBLUE is that if we all come together and put money into this, it will up tick nicely and quickly, probably around 300% or so as it was already shown to me on Thursday I believe where it up ticked 160% with little volume. But honest to god the potential 300% up tick if we get money in it is the tip of the iceberg.
What I think will happen is that this will get all of the publics attention after the nice healthy increase in PPS, at which point the major public will start to pour money in and it will fly ridiculously. As of now the MMs have little shares so we can completely accomplish this.
I recently got out of PLNI and moved over to TBLUE because I realized that PLNI is not going to go anywhere, the problem is that it’s a Pink Sheet and we all know that with Pink Sheets the MMs can manipulate it and do whatever they please. The other problem with PLNI is that it has a large float so it’s going to have a very hard time to go anywhere any time soon.
If you are a die hard fan of PLNI which I am, I honestly suggest moving to TBLUE they are owned by the same man James Turrek. TBLUE has an enormous amount of potential.
I just hope people see the potential. If we all come together as a team this possibility is endless.
Posted by Wisdom_Dave on :
If investors like myself does not get into TBLUE at these prices, and we allow a group to run this up then our best chances of making alot of profit would of gone down the drain because we waited and waited to see what PLNI is going to do. We have all seen or heared the interview of PLNI, and the direction in which they are goin to take the company. We might as well do something now before the PPS drops even lower because everyone will want to sell there postion so they will not have any shares before the r/s hits. Not to mention they are on links where the MM can do anything they feel like. They could very well create a spread of 50-100% if they feel like. Take advantage of the opportunity in which James N. Turek has given to us before someone else comes along and takes it from us.
Posted by BuyTex on :
ahh, so the paid subscription to Microcap with L2s distinguishes buy/sells, is that correct? Sorry to be dense, but been looking for some way to distinguish buy/sell for some time...
re: filing, OK, up to speed--I read through this once, thought you were saying something about a split had been filed...
Understand your TBLU as bank theory, but why not just slip into the shell? Happens all the time, right, just like Tureks did with BCH/Wavepower?
Posted by Wisdom_Dave on :
Quote from ZJamaican
"I recently got out of PLNI and moved over to TBLUE because I realized that PLNI is not going to go anywhere, the problem is that it’s a Pink Sheet and we all know that with Pink Sheets the MMs can manipulate it and do whatever they please. The other problem with PLNI is that it has a large float so it’s going to have a very hard time to go anywhere any time soon.
If you are a die hard fan of PLNI which I am, I honestly suggest moving to TBLUE they are owned by the same man James Turrek. TBLUE has an enormous amount of potential.
I just hope people see the potential. If we all come together as a team this possibility is endless. " That is exactly why they are going to do the R/S to many shares out there. It won't effect the shares in the float but the amount of shares being held by the public. Which ever group picks up TBLUE will have such a fan base because of the % change they can show on paper that everyone who gets into this (Expect the person who get's in at the top) will make money. Manipulation is something that PLNI has because it is in pink and Potential is something that TBLUE has because of the fact that it has never really been touched. Nice post ZJamaican.
Posted by Wisdom_Dave on :
quote:Originally posted by BuyTex: ahh, so the paid subscription to Microcap with L2s distinguishes buy/sells, is that correct? Sorry to be dense, but been looking for some way to distinguish buy/sell for some time...
re: filing, OK, up to speed--I read through this once, thought you were saying something about a split had been filed...
Understand your TBLU as bank theory, but why not just slip into the shell? Happens all the time, right, just like Tureks did with BCH/Wavepower?
Yes if you have microcaptrade you will be able to tell the difference between buys and sells. Especially if you watch the level 2's of the company for the whole entire day. They might just slip into the shell but because he never mentioned it leads me to believe that he has other intentions with TBLUE. That is why it will be a good chances for TBLUE to rise now then wait for the split to happen later. Take advantage of the company before us. I would hate for everyone to miss out on 300-1,000% profit if/when a bigger group picks this up.
Posted by BuyTex on :
Dave, man, I'm sorry, but I'm still unclear. Let me rephrase: in your T/S list, did you type in "Buy" and "Sell" based on your obeservations, or were you able to cut n paste that info from somewhere?
Posted by Chopper on :
Another Savy Investor from the RB had the brain power to write to Bill Howe in an e-mail and got this responce about a PLNI R/S. Now put this Garbage to rest!
Please Read..re 'split'
Bill,
trying to confirm a rumor of a R/S...Is there one planned?
tia...XXXXX
____________________
XXXXX,
There are no such plans, none!
I don't know where these rumors come from, but they are just that!
If you would like information on the Company please contact me directly.
Regards
Bill Howe Investor Relations 617-283-1450
Posted by kanalgeruch on :
Are plni and telcoblue TUREK's only publicly traded companies? Can one do a name search to find out whether he is invovolved in more of the same? How is this being done best? I appreciate some input on this...
Posted by Wisdom_Dave on :
quote:Originally posted by Chopper: Another Savy Investor from the RB had the brain power to write to Bill Howe in an e-mail and got this responce about a PLNI R/S. Now put this Garbage to rest!
Please Read..re 'split'
Bill,
trying to confirm a rumor of a R/S...Is there one planned?
tia...XXXXX
____________________
XXXXX,
There are no such plans, none!
I don't know where these rumors come from, but they are just that!
If you would like information on the Company please contact me directly.
Regards
Bill Howe Investor Relations 617-283-1450
Well we would have to call them and find out. For all we know he could of wrote that himself. Didn't people say in the conference PLNI was going to do a r/s which makes prefect sence? Well regardless of the fact this is TBLUE thread and what is done to PLNI will not directly affect the progress of TBLUE.
Posted by Wisdom_Dave on :
quote:Originally posted by BuyTex: Dave, man, I'm sorry, but I'm still unclear. Let me rephrase: in your T/S list, did you type in "Buy" and "Sell" based on your obeservations, or were you able to cut n paste that info from somewhere?
Both. They show them in the level 2's along with level 2's that I pay for. A buy is labeled as a buy with the amount and time on level 3's. My level 3's are protected so I am not able to take a screen shot of what I see. But I assure you the info above is accurate 100%
Posted by Wisdom_Dave on :
I would believe that we are all here to invest in a company which will show us profit. And I believe that everyone here will agree with me when I say TBLUE has a better shot of showing profit then PLNI does for the simple reason of share structure, O/S, float, AND The mm not being able to give people large orders which leads us to believe they are short. If this stock can get 10m in postive volume this stock will be worth over .50 a shares. And that is not a lie. 52 week high is .06 3-4m shares in postive volume will get the stock to .10c a shares. That IMO is the most important information we can ask for. Not how much the company is worth nor in what direct they will move the stock in. TBLUE is a shell that has woke up last week for some reason. Why sit and watch when you can be apart of a big run to accure as soon as someone gives this stock massive volume.
Posted by Chopper on :
Tblue woke up due to a couple of groups playing it and waking it up. I received an e-mail from one of the groups! They look for the low float of a (do nothing) with the potental of moving it very easily with a little buying preasure. Then they put out on the boards the question (what's going on with such and such company?) or (there must be something going on with xyz company look the pps is moving up!) Of course that is as they front load it and are waiting on new suckers (I mean new investors) to move the pps more. They do this all the time and rotate stocks to make some bank weekly. Tblue absolutely has nothing going for it except a low float, and yes a group could move the pps farely easily, but someone is going to be at the bottom of the pile and loose. TBlue will NOT make a profit, because it is engaged in Nothing with ZERO income! The entire dollars spent on Tblue was less than 8k for friday and PLNI $520,000 which was a 36 click swing and Great volume! If you played that one right you would have made real bank on it. While Tblue no one made squat on it because there was No volume and an 80 click swing. This is the ol runner mentality which always leaves someone holding the bag. Good luck to you all but your barking up the wrong stock tree.
Posted by BuyTex on :
I received no e-mail, and was confused for a bit, but it's all clear to me now: We have an old "friend" in our midst, lol, with pals in tow. [b]Chopper is correct,[/] the grope is in play. Let's see who outs him first. I'll see if I can get Purlie to bake the winner one of her famous "Horned Toad Frittatas" or maybe even arrange a cyber-date with Roberta. I'm not gonna bust him first, cuz frankly it's getting boring. If somebody wants to start a thread like the "Which Movie" dealie, I'll answer over there if somebody posts the answer.
Not saying don't play it--could be a good run--but there's no "investment" here. You'll have play it like a Q play. Newbies should watch or risk only about what you'd comfortably blow on a night on the town....
Posted by netinvestor on :
quote:Originally posted by Chopper: Tblue woke up due to a couple of groups playing it and waking it up. I received an e-mail from one of the groups! They look for the low float of a (do nothing) with the potental of moving it very easily with a little buying preasure. Then they put out on the boards the question (what's going on with such and such company?) or (there must be something going on with xyz company look the pps is moving up!) Of course that is as they front load it and are waiting on new suckers (I mean new investors) to move the pps more. They do this all the time and rotate stocks to make some bank weekly. Tblue absolutely has nothing going for it except a low float, and yes a group could move the pps farely easily, but someone is going to be at the bottom of the pile and loose. TBlue will NOT make a profit, because it is engaged in Nothing with ZERO income! The entire dollars spent on Tblue was less than 8k for friday and PLNI $520,000 which was a 36 click swing and Great volume! If you played that one right you would have made real bank on it. While Tblue no one made squat on it because there was No volume and an 80 click swing. This is the ol runner mentality which always leaves someone holding the bag. Good luck to you all but your barking up the wrong stock tree.
without knowing much about this stock, this is my exact feeling chopper, Im not bashing the stock Im not pumping the stock, Im looking to make some money but I see alot of people getting burned when everyone jumps off board after they drove the price up. The price of the stock wont hold after people sell because they dont have a company behind it. I honestly would rather invest in a company that has its pps go up because the company has a real product that has a real profit and the company drives up its own stock, not a small group of people making the price go up so they can bail and have people taking it you know where, I hear all this talk about potential, Im sorry but I dont see it.
Posted by BuyTex on :
net, please don't take this wrong. See your membership is new, correct? This is not a play for you. Watch if you're interested, but imho, you could watch your capital vaporize if you get "enchanted" with the run--IF there is even a run...
Posted by Wisdom_Dave on :
quote:Originally posted by Chopper: Tblue woke up due to a couple of groups playing it and waking it up. I received an e-mail from one of the groups! They look for the low float of a (do nothing) with the potental of moving it very easily with a little buying preasure. Then they put out on the boards the question (what's going on with such and such company?) or (there must be something going on with xyz company look the pps is moving up!) Of course that is as they front load it and are waiting on new suckers (I mean new investors) to move the pps more. They do this all the time and rotate stocks to make some bank weekly. Tblue absolutely has nothing going for it except a low float, and yes a group could move the pps farely easily, but someone is going to be at the bottom of the pile and loose. TBlue will NOT make a profit, because it is engaged in Nothing with ZERO income! The entire dollars spent on Tblue was less than 8k for friday and PLNI $520,000 which was a 36 click swing and Great volume! If you played that one right you would have made real bank on it. While Tblue no one made squat on it because there was No volume and an 80 click swing. This is the ol runner mentality which always leaves someone holding the bag. Good luck to you all but your barking up the wrong stock tree.
You are 100% correct. If a stock does not recieve volume it will not move. I don't understand how is it you can say no money can be made in TBLUE. We all know it is a low floater. Meaning if enough people get into the stock it will drive the pps north correct? This might be an investment as say a PLNI but for what it is worth it has a better potential to make everyone who is in it money if it recieved the kind of volume PLNI gets in a day. That's my point. Not so much weither or not the company is worth anything because frankly it does not move the stock at all. What the company is worth has nothing at all to do with the PPS of a company. Take PLNI for an example 100k in cash can go into the stock and it will not increase over 50% in the total value of the stock. I for one do "invest" but PLNI isn't doing anything for me. Please do not call TBLUE a pump and dump because if it was the pps would be back to .007 where it was 1 week ago and it would have no kind of a chart. I for one believe that it's easy to bash a stock but unless you know for sure it's a group pick please do not look down apon a stock. We all sit here now and say TBLUE is nothing more then a shell and your right but the fact of the matter is this. You put money into a low floater and you will make profit. And as far as someone holding the bag it happens in any stock. Whom ever bought PLNI at its 52 week high is holding the bag. There will always be someone who got in at the top before selling begins. Weither it's a group pick or not. As long as TBLUE recieves volume and uptick you can always turn around and sell your shares at the ask or wait till the bid reaches your exit point. Unlike PLNI which can not hit 50% on the day TBLUE on the other hand can reach that very easily. I'm defending TBLUE because I own shares of the company and I also own shares of PLNI and IMO TBLUE has a better chance of making me money right now compared to PLNI. Also chopper you mentioned a group ran this. No group ran this. Because groups usually bring in over 2-3m in volume in one shot. Your statement is unfounded and uneducated. This stock increased 160% with only 3k in cash. Thats more like 1 person not a group. You might of recieved an e-mail about a group taken interest in it but a group has yet to have hit this stock. IDVL was a group pick. RECIEVED OVER 80K IN CASH. When ever a stock recieves more sells then buys it will always end the day in red. THUS is the case in PLNI same as TBLUE. Only difference is TBLUE can barely even get 500k in volume in 1 trading day and yet is the same price as PLNI. Invest as you may in which ever company, but please do not bash a company when the one you are in is doing even worse.
[ June 18, 2005, 23:31: Message edited by: Wisdom_Dave ]
Posted by Wisdom_Dave on :
quote:Originally posted by netinvestor:
quote:Originally posted by Chopper: Tblue woke up due to a couple of groups playing it and waking it up. I received an e-mail from one of the groups! They look for the low float of a (do nothing) with the potental of moving it very easily with a little buying preasure. Then they put out on the boards the question (what's going on with such and such company?) or (there must be something going on with xyz company look the pps is moving up!) Of course that is as they front load it and are waiting on new suckers (I mean new investors) to move the pps more. They do this all the time and rotate stocks to make some bank weekly. Tblue absolutely has nothing going for it except a low float, and yes a group could move the pps farely easily, but someone is going to be at the bottom of the pile and loose. TBlue will NOT make a profit, because it is engaged in Nothing with ZERO income! The entire dollars spent on Tblue was less than 8k for friday and PLNI $520,000 which was a 36 click swing and Great volume! If you played that one right you would have made real bank on it. While Tblue no one made squat on it because there was No volume and an 80 click swing. This is the ol runner mentality which always leaves someone holding the bag. Good luck to you all but your barking up the wrong stock tree.
without knowing much about this stock, this is my exact feeling chopper, Im not bashing the stock Im not pumping the stock, Im looking to make some money but I see alot of people getting burned when everyone jumps off board after they drove the price up. The price of the stock wont hold after people sell because they dont have a company behind it. I honestly would rather invest in a company that has its pps go up because the company has a real product that has a real profit and the company drives up its own stock, not a small group of people making the price go up so they can bail and have people taking it you know where, I hear all this talk about potential, Im sorry but I dont see it.
I don't know exactly what it is you mean when you say "The price of the stock wont hold after people sell because they dont have a company behind it." You must not know how the market works. Usually when it's a group pick after the price goes up and people sell out no new volume comes in which causes the price to stay at it's low. It does not matter if it's a shell or a blue chip. If a stock recieves volume and people sell and the amount of sell's arent covered the stock will never go back to the price it was before the sell. That's the difference between a group pick and an investment pick. Group picks tend to make more money in a shorter amount of time and more people tend to get hurt, but look at these "investment" companies. WFTV prime example. All this news and look at the price. Still heading south. The company is suppose to be worth more then TBLUE but TBLUE can make you more money then WFTV can. That's my point. TBLUE is a good stock to make money in "IF" it recieves volume. Other then that it is what it is A SHELL.
Posted by Bearclaw on :
To everyone...
Wisdom of Dave...MoMo...Lexcartel...
Folks...this is a prime time scammer...be careful. He and his Felons will take your cash and this looks like their newest scam...
Notice how many entered Allstocks in June. Momo never scams alone ...he always has 3 or 4 Cherubs scamming along...
BE CAREFUL....
Posted by SchwarzBiest on :
quote:Originally posted by Bearclaw: To everyone...
Wisdom of Dave...MoMo...Lexcartel...
Folks...this is a prime time scammer...be careful. He and his Felons will take your cash and this looks like their newest scam...
Notice how many entered Allstocks in June. Momo never scams alone ...he always has 3 or 4 Cherubs scamming along...
BE CAREFUL....
Isnt this momo guy an MM? Thought I read it somewhere on here, but Im new so, I wasnt sure. Reason I ask, is because Wisdom of Dave let out the secret in one of his posts that he is an MM. So, are maniladreamin and Sgt Weiner his side kicks? I dont know any of them, I'm just trying to connect your dots and learn who on this board is trusted, and whos not.
Posted by BuyTex on :
Momo claims to be a "floor manager" supervising MMs, therefore somehow it's not illegal for him to pose as with mulit-aliases, etc. ie, because he's NOT an MM, but an MM supervisor. Who knows. From what I can tell, he may well be; he makes intelligent arguments--at times--re low float, volume, funds necessary to cause movement. But, lol, he just cain't stay away from the scam...the most recent time he made the floor manager claims thaT i saw was in the alias previous to the current one, brawling with Capn Nemo. Personally? can't tell about MillyVanilly, yet. Jury's still out. Sargey? who cares? He's trying to convince folks I was pumping that VNTB I got stuck in...lol, they tried all 3 to gang up on me, after MoMo pm'd me last night protesting his innocence yada yada. The deal is, those plays really can run, but when they pull the plug? like the Tom Petty tune, FREEFALLING...
Posted by madmoney on :
does anyone know how many shares are authorized? no!this is a non company as far as i can see, 37 million shares out. lets see, if i by a shell for x amount of dollars and issue 20 million shares to myself in payment of the loan i made to my company and another 10 million to my staff then i would have 30 million outstanding, of course i would have no income and no product, a little debt from rent and pr, and the slim chance that my company might have a product or service someday. would you buy my stock for 2 or 3 cents a share? its got a low float,could run hard with some volume!. maybe i can dump my convertable preffered before the bottom drops out! what do i care its only paper, not like i put any REAL money into it. its working for jim why not me! LOL... just a little dry humor to lighten up this tense board!!. buy low sell high, not the other way around!
Posted by none on :
quote:Originally posted by Bearclaw: To everyone...
Wisdom of Dave...MoMo...Lexcartel...
Folks...this is a prime time scammer...be careful. He and his Felons will take your cash and this looks like their newest scam...
Notice how many entered Allstocks in June. Momo never scams alone ...he always has 3 or 4 Cherubs scamming along...
BE CAREFUL....
Thank you for looking out for us. Could you explain what wisdom dave has done which makes him a felon? I believe it's unfair for someone to be labeled a felon with out some kind of evidence. Not taking sides but as a new investor would like to know what's going on.
Posted by kanalgeruch on :
if there is any evidence that turek's bluecom will acuire plni through a stock swap, than it would makes sense to get into it.
Although this is exactly what I would do in Turek's situation (to get to Pinks), I cant read his mind and I dont see any evidence for it.. so I will stay on the sideliens...but I will be watching..how it unfolds.
I think I will learn a lesson from this one...as this is a great opportunities to study fundamentals vs. technicals..
Posted by none on :
Kana Buytex seems to have the answer to every question "Its a Pump and Dump" and Bearclaw say's a "scam artist" is controling this stock. So might want to say way.
Posted by netinvestor on :
hows it going for you guys today?
Posted by buckstalker on :
Yes Bear.... these guys are getting so easy to pick out....To all you newbies...BEWARE!!!
quote:Originally posted by Bearclaw: To everyone...
Wisdom of Dave...MoMo...Lexcartel...
Folks...this is a prime time scammer...be careful. He and his Felons will take your cash and this looks like their newest scam...
Notice how many entered Allstocks in June. Momo never scams alone ...he always has 3 or 4 Cherubs scamming along...
BE CAREFUL....
Posted by none on :
quote:Originally posted by netinvestor: hows it going for you guys today?
Not so bad. Made about 250 on TNOG. Only thing I played today.
Posted by netinvestor on :
quote:Originally posted by none:
quote:Originally posted by netinvestor: hows it going for you guys today?
Not so bad. Made about 250 on TNOG. Only thing I played today.
I guess if I wanted to know how you did in tnog i would have asked in that thread, i wanted to know how everyone did in tblue
Posted by none on :
Oh... Well I picked up my first few shares today at .011 not much volume today. If .015 prints tommorow I will be up around 30% which is a nice profit I guess.
Posted by polo1110 on :
Hi all. Long time reader of allstocks, and first time poster...
I started watching this one with everyone else last week and it still has my eye. Looks like an $83 buy upticked TBLUE from .01 to .015 just before the close. This thing still looks like it will fly with volume.
Posted by none on :
Up 60% now .016/.018
Posted by none on :
Closed day 25% in green after MM's dropped the ask from .019 people still bought on the way down and back up. Anyone think this will GAP tommorow and run?
Posted by reidler88 on :
any clue what is going on with this stock,, will it ever get over the .019 mark,,,, i keep waiting and it gets close everytime,, but no dice,, any idea on when this will pop
Posted by polo1110 on :
This one just needs volume. It's all over the place with volume of 64,000. If the volume can reach the million mark it will move quite nicely. Until then I would guess it probably will stay under .02.
Posted by $Keith$ on :
this stock does not move at all, it will not trade for days beleive me I held it for a long time in hopes that it would go up, to just sell it for a loss months later...GLTA
Posted by polo1110 on :
Thanks for the heads up Keith. I get that feeling myself after only 4 days, and was thinking about selling already. The volume showed slight promise until todays whopping 64k. It just hurts to leave this kind of potential. Oh well.
Posted by none on :
quote:Originally posted by $Keith$: this stock does not move at all, it will not trade for days beleive me I held it for a long time in hopes that it would go up, to just sell it for a loss months later...GLTA
He is wrong. It has traded the past 2 weeks. Just not over 500k in volume. I will hold on to my shares because someone will come along and run it. Nothing to the company but I will make more money here then in UNQT, or WFTV. It can never pass .019 because it never get's hits at that price. It's that simple.
Posted by none on :
Not to mention todays volume was nothing but sells. Someone will come along and buy it.
Posted by netinvestor on :
good luck getting rid of it, two people can make this go up if they want to but someona has to be willing to buy in the end
Posted by $Keith$ on :
quote:Originally posted by none:
quote:Originally posted by $Keith$: this stock does not move at all, it will not trade for days beleive me I held it for a long time in hopes that it would go up, to just sell it for a loss months later...GLTA
He is wrong. It has traded the past 2 weeks. Just not over 500k in volume. I will hold on to my shares because someone will come along and run it. Nothing to the company but I will make more money here then in UNQT, or WFTV. It can never pass .019 because it never get's hits at that price. It's that simple.
I was just giving my advise on experience from holding this stock in the past...it was a group pick a while back I found out and bought in then it fell I was left holding the bags I waited like 6 months thinking that it would go back to where I bought in...don't hold your breath...good luck! Good Luck
Posted by none on :
E is coming off of it tommorow. Not much to it but it's one of those stock that won't bottom out because alot of people arent holding shares. Sooner or later it will run and being i got in at .007 I am up very nicely.
Posted by none on :
Something is going to happen to this stock next week. IMO hold your shares or stock up. Do not miss out on what might happen.
Posted by netinvestor on :
hold there shares? do they have a choice theres no trading going on, hard not to hold them
Posted by none on :
up 130%. You know what who ever is in sell your shares at the ask I will buy it. Net go bash something. Your pick has not moved at all. Atleast this pick has interest and when it runs you will still be broke. Smart comments like yours is what cause bashing to start. Everyone knows this is a low floater. Someone will pick it up "For Sure" next week and thos who hold will be happy they did while the bashers will say something to force people to sell.
Posted by $Keith$ on :
it's up 30% not 130%
on a whopping Volume: 142,500
Posted by netinvestor on :
come on keith stop bashing, dont you know that if you scam enough people....I mean get enough people to buy in, the volume will pick up and it will run, then you can bail and search for the next low floater with no activity
Posted by $Keith$ on :
hahaaa...lol
BEER TIME!!!
Posted by Aqualung on :
Word of warning here - I was in a chat group today and our old friend Momo showed up touting TBLU as a potential group-play for next week.
He could have been bs'ing, but you should know that it could happen.
Posted by Chopper on :
AH HAH, Mumu and the gang are back. BWAAHAHAHAHA This thing is surely frontloaded to the hilt. Buyer beware and Good luck trading this one then.
Posted by none on :
quote:Originally posted by Chopper: AH HAH, Mumu and the gang are back. BWAAHAHAHAHA This thing is surely frontloaded to the hilt. Buyer beware and Good luck trading this one then.
Yeah right everything is frontloaded as long as you guys aren't in it. Momo frontloaded BXTRR and WAVAP and didnt dump and shares when he posted here on allstocks. What makes this time any different. This stock has been up and down and never ever traded more then 2k in cash. Do a search for all the volume in the past 3 weeks. add up the buys and sells. Has there been more buys or more sells? How many shares does the public have. I can answer the question. 56k shares is held by the public. I wish Momo would run this so you bashers can shut up. All this bashing is getting to be to much. And once she runs you guys are no where to be found and once it drops you are there to bash. Weither it's a group pick or not remember one thing. Someone always loses. Weither it's a shell or a Nasdaq. Group picks just last for maybe a hour to a day. Look at SFTV it was a group pick. People made money. If you don't have any shares why even post on the thread?
Posted by none on :
quote:Originally posted by $Keith$: it's up 30% not 130%
on a whopping Volume: 142,500
Actually its up 30% on 43,500 in volume. That 100k was a misprint it was a 10k buys by me. So hopefully Momo runs this up and makes me money.
Posted by Bearclaw on :
Hey None...
Posted the below last Sunday on PLNI when Momo, Lex, Wisdom_Dave and his followers showed up looking for new suckers...They seemed to have signed on to AS June 15th-17th...odd hey? You came here around that time...Yes? Odd...
Then Momo stopped coming using the Wisdom_Dave name after the moderator found out he was recruiting new people to hustle, scam and rob their hard earned money...him and his felons...
We know he has his own den of thieves(web site) where he plans the next scam....I also know he wanted to and wants to run Tblue but folks keep foiling his caper hahahahahah.
I WONDER IF THE FELONS ALL HAVE BOUGHT IN BUT CAN'T SELL THEM OFF BECAUSE OF LOW VOLUME. There was some accumulation recently...for no reason...I wonder if they might be holding the bag right now cuz no one is buying the scam...Boy that sure would be "What goes around comes around" or something like that...
Kind of like from the old radio show and then a movie..."What evil lurks in the hearts of men? The Shadow Knows"..Lot's of Shadows watching here on Allstocks now...hahahahaha
When did you come to AS by the way...Your profile says June 15th...Just Luck I guess? Wonder what stocks you've been posting on...wonder if there the same as Momo and the others...Hmmmm...No...Just lucky I guess...Huh?
Bearclaw Member Member Rated: posted June 19, 2005 8:12PM
Chopper...
Just got back from the golf tournament and was catching up on things when low and behold I read the below post and a few others...
This guy really sounds like our old pal Momo...Lexcartel...hahahahaha..Does it sound like him to you??
It's funny how they enter a site over a weekend when the moderator can't ban them and look for suckers...These guys are bottom feeders...scum of the earth dirtbags...Now that was as nice as I could describe them...
If it is our old Felon friend he is setting people up for a group play...There should be 3 or 4 other Felons on this site off and on with old Momo...He never commits a crime alone...No balls...
Folks...be careful of any suggestion to follow his scumbags...He's setting you up to get your hard earned cash...Just be careful and communicate with this Felon at your own risk...
quote: ------------------------------------------------- Originally posted by Wisdom_Dave: Retirement found huh? Look back at the last 2 weeks of runners. QOIL, AMEP, AMRE, RAPT, just to name a few. The % change in those 4 stocks alone would of made you over 1,000% if you played all of them from low to high. This long term hold seems to hurt more people then help anyone. Look at AOOR. What that stock did in 1-2 weeks is something PLNI will never do in 2 years. Chances are a company might have a r/s or diluate the stock which will cause you to never ever see profit. That's the sad thing about investing long term.
-------------------- "No worries"
Posted by Bearclaw on :
He none...
This is your post tonight on SFTV...You are one of momo's Cherubs...hahahahahah...
none Member
Rate Member posted June 24, 2005 07:11 PM ------------------------------------------------- ------------------------------- SFTV was a group pick by Momo. He got his members in it at .0024 3 days ago. And who said group picks don't work? He also has plans of running TBLU sometime next week. Hopefully it can do the samething SFTV did. -------------------------------------------------------------------------------- Posts: 42 | From: texas | Registered: Jun 2005 | IP: Logged |
Posted by netinvestor on :
its funny how one of none's first posts he was saying hes new to investing and had a ton of things he wanted to know about it, then 3 days later hes talking like a pro, has all the lingo down and is talking about things most people dont know about for months, I guess hes an overnight star, he even already knows what momo is and about the group picks and momos next moves, pretty impressive for a guy who wanted to know about investing a week ago
posted June 19th
quote:Originally posted by none: Just wanted to know if I was the only new investor with tons of questions. Any rookies in here?
hes a rookie with tons of questions and 3 days later posted June 22nd
quote:Originally posted by none: No way this stock goes to .0010 I am in it also but as you can see alot of volume and no uptick. Which leads you to believe this will not be going anywhere anytime soon. If anything more MM jumping on the ask then dropping off.
quote:Originally posted by none: Won't come. People have sell orders at .0004 That is why the bid has not upticked as of yet. Everytime it does MM pick up shares and leave. This is why you have to hate pink sheets. You can only buy on ASK and sell on BID which screws everyone else who is still stuck in it.
quote:Originally posted by none: -------------------------------------------------
SFTV is primed for a run past .006 if she can get enough support on the ask side. 4m in positive volume on the ask side will take her to .006 per share.
Those of you who don't remember SFTV she ran 1,000% in 3 days back in March. Up to today DTC report shows 23m shares outstanding.
If she get's volume you will see green. -------------------------------------------------
wow went from a rookie to seasoned vet in 3 days, or maybe he just posted he was a rookie to recruit some people with no idea what they about to get into
[ June 24, 2005, 22:00: Message edited by: netinvestor ]
Posted by BuyTex on :
'Claw, early-on inconsistencies re this nick/handle...
the lex/momo/nomi/cheater....gang hates this board. Hence, the continual attempts to infiltrate...
Posted by netinvestor on :
quote:Originally posted by netinvestor: its funny how one of none's first posts he was saying hes new to investing and had a ton of things he wanted to know about it, then 3 days later hes talking like a pro, has all the lingo down and is talking about things most people dont know about for months, I guess hes an overnight star, he even already knows what momo is and about the group picks and momo next moves, pretty impressive for a guy who wanted to know about investing a week ago
posted June 19th
quote:Originally posted by none: Just wanted to know if I was the only new investor with tons of questions. Any rookies in here?
hes a rookie with tons of questions and 3 days later posted June 22nd
quote:Originally posted by none: No way this stock goes to .0010 I am in it also but as you can see alot of volume and no uptick. Which leads you to believe this will not be going anywhere anytime soon. If anything more MM jumping on the ask then dropping off.
quote:Originally posted by none: Won't come. People have sell orders at .0004 That is why the bid has not upticked as of yet. Everytime it does MM pick up shares and leave. This is why you have to hate pink sheets. You can only buy on ASK and sell on BID which screws everyone else who is still stuck in it.
quote:Originally posted by none: -------------------------------------------------
SFTV is primed for a run past .006 if she can get enough support on the ask side. 4m in positive volume on the ask side will take her to .006 per share.
Those of you who don't remember SFTV she ran 1,000% in 3 days back in March. Up to today DTC report shows 23m shares outstanding.
If she get's volume you will see green. -------------------------------------------------
wow went from a rookie to seasoned vet in 3 days, or maybe he just posted he was a rookie to recruit some people with no idea what they about to get into
Posted by netinvestor on :
ooops posted twice by mistake, my bad
Posted by Bearclaw on :
Chop, Net, Buy...
Good stuff guys. I think this group of about 6 crooks bought in this past week. They wanted to run Tblue already but didn't have enough marks to pull it off. They usually buy on the day before the pick also... so they probably are not fully loaded up yet. NONE picked up another 30-40K today so he's anxious to get tblue running. These posts may get the new folks to open their eyes to his recruiting style.
The recruiting for more new folks is ongoing now. Some have joined their site but they don't have enough yet. Be nice if they didn't get this scam run.
Here's the additional beetch of it all... PLNI picked up Tblue as a shell for a reason two years ago. There are several possibilities why they did. Anyone of those reasons could make this a speculative investment and a possible solid company in the future.
If these MOMO scam artists screw folks in a group scam it could reflect negatively on PLNI and Tblue even though they had no part. So, not only would 30-40 new investors get taken... but...a solid company like PLNI could get a black mark through no fault of their own. Like a rape victim being blamed for dressing attractively.
The SEC could be on to this group of felons. I just hope it happens sooner than later. I hope jail time is at least 3-5 for their premeditated criminal activity and manipulation of stock prices...resuting in stealing innocent investors hard earned money.
[ June 24, 2005, 23:03: Message edited by: Bearclaw ]
Posted by BuyTex on :
Bearclaw, Do you hear something like flies buzzing in here? Oh, well...I think a group pick on TBLUE will have almost no effect on PLNI. Shoot, if I'm around when it's about to run, I might play it myself. I don't care if they have group gropes, just say that's what it is...But PLNI is too strong, imho, to be tainted by a run on a shell. Now, if it turns out there's soomething "scammy" about the TBLU connection, that could be a problem...I imagine if we asked, though, we'd get a decent answer. Has anybody called the company and simply asked about TBLU?
Posted by viqutorious on :
[QUOTE]Originally posted by Bearclaw: [QB] Chop, Net, Buy...
Good stuff guys. I think this group of about 6 crooks bought in this past week. They wanted to run Tblue already but didn't have enough marks to pull it off. They usually buy on the day before the pick also... so they probably are not fully loaded up yet. NONE picked up another 30-40K today so he's anxious to get tblue running. These posts may get the new folks to open their eyes to his recruiting style.
The recruiting for more new folks is ongoing now. Some have joined their site but they don't have enough yet. Be nice if they didn't get this scam run.
Here's the additional beetch of it all... PLNI picked up Tblue as a shell for a reason two years ago. There are several possibilities why they did. Anyone of those reasons could make this a speculative investment and a possible solid company in the future.
If these MOMO scam artists screw folks in a group scam it could reflect negatively on PLNI and Tblue even though they had no part. So, not only would 30-40 new investors get taken... but...a solid company like PLNI could get a black mark through no fault of their own. Like a rape victim being blamed for dres
Posted by viqutorious on :
You guys are way too pathetic. If your company is so solid than how could a "group pick" taint? Doesn't that sound silly even to you guys? I so tired of hearing you gripe and moan about momo and group picks. You accusations can also carry jail sentences for slander and libel. There is nothing illegal about buying and selling stocks, whether by a group or individual. Why is it that why you guys buy and the price goes up, it's legal. But if a group buys, it's criminal. Yes, you can call me momo or whomever you wish, if it makes you feel better about your little selves. Oh, I forgot, you're saving souls with these posts. When did this become the inspirational forum? I’m tired of hearing about "the evil that lurks." It's really all in your small minds. If you don't like the pick, then don't buy it. And if you're afraid that a "group pick" is going to ruin the reputation of your beloved company, then maybe you shouldn't be in it if it's that fragile. It's old and boring already. And you're not far from litigation yourself. I'd be a little more careful choosing my words. For you to say “The SEC could be on to this group of felons. I just hope it happens sooner than later. I hope jail time is at least 3-5 for their premeditated criminal activity and manipulation of stock prices...resuting in stealing innocent investors hard earned money.” Is your personal opinion but yet it is slander and Momo could sue you for written defamation of his character which might cause less people to join his site.
Posted by Bearclaw on :
Get your team of lawyers and send em my way...Love to get Momo's lying, stealing butt in a courtroom...have at it...
quote:Originally posted by viqutorious: You guys are way too pathetic. If your company is so solid than how could a "group pick" taint? Doesn't that sound silly even to you guys? I so tired of hearing you gripe and moan about momo and group picks. You accusations can also carry jail sentences for slander and libel. There is nothing illegal about buying and selling stocks, whether by a group or individual. Why is it that why you guys buy and the price goes up, it's legal. But if a group buys, it's criminal. Yes, you can call me momo or whomever you wish, if it makes you feel better about your little selves. Oh, I forgot, you're saving souls with these posts. When did this become the inspirational forum? I’m tired of hearing about "the evil that lurks." It's really all in your small minds. If you don't like the pick, then don't buy it. And if you're afraid that a "group pick" is going to ruin the reputation of your beloved company, then maybe you shouldn't be in it if it's that fragile. It's old and boring already. And you're not far from litigation yourself. I'd be a little more careful choosing my words. For you to say “The SEC could be on to this group of felons. I just hope it happens sooner than later. I hope jail time is at least 3-5 for their premeditated criminal activity and manipulation of stock prices...resuting in stealing innocent investors hard earned money.” Is your personal opinion but yet it is slander and Momo could sue you for written defamation of his character which might cause less people to join his site.
Posted by Balder on :
This topic has come up before. It had once been considered to roll PLNI into 'another company Jim Turek alredy had as a reporting company', but the idea had been rejected and Turek decided he would go through the paces to bring PLNI out proper.
do not buy into this TBLUE scam. Its a group play - this is where the term 'bagholder' may apply.
Unless you see a recent press release from Jim Turek saying he is engaging in business operations with tblue the most likely there is no business going on.
from the yahoo business summary for tblue
"telcoBlue, Inc., a development stage company, does not have significant operations. It was formed in August 2002 to operate an Internet-based long distance telephony network using Voice over Internet Protocol."
if you own this stock you own the stock of a company doing no business with no plans to engage in business soon.
from the latest 10Q filed June 10th:
"Results of Operations
For the three month period ended March 31, 2005, the Company sustained a loss of ($56,830) or ($0.00) per share (basic and diluted) on no revenues. The loss in the first quarter of 2005 can be contributed to the fact the Company had no revenues yet still had administrative expenses. The total liabilities and stockholder's deficit for the quarter ended March 31, 2005 was $256,090. "
Posted by stockgenius on :
Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.
Posted by $Keith$ on :
I got a email that they a group is going to run it tomorrow....don't be surprised if it runs tomorrow!!! I got scammed on this exact stock before....it run fast with some volume du to the low O/S and Float!!!
Posted by Bearclaw on :
There has been major accumulationm the past week under the radar. If you are new... be careful if you decide to play this group pick.
The moderators and Momo (or whatever his name now is) have already bought their shares...This stock WILL RUN UP SIGNIFICANTLY ON THIS GROUP PICK. IT WILL RUN HIGH...This has a very low float...remember it is a shell, they don't have any revenue or products, and the only thing running this is the group...nothing else...
Here's the problem. Example: Lets say the moderators bought 500K shares this past week. The group today buys 1 million shares. As this is running high your buys are the moderators sells. You are buying the stocks from them. When the peak hits and this drops and they say "It's only a shake hold don't sell" that is when they are selling off the rest of their shares. GET OUT NOW OR BEFORE THIS POINT. That will leave 500K shares with no one to sell to. It will tank fast.
You can make money here if you get out fast. For the ones who get stuck holding the bag there is a possibility for this stock after the group pick is finished...maybe 2-6 weeks or longer down the road.I have been doing DD on this and it certainly is a possible investment. Note I said possible...Just speculation on my part...I'm disappointed it was chosen as a group pick because Momo and his moderators leave a bad taste in the mouths of folks who get burned and the stock is in question for a while after.
DD this stock with the thought of a possible relationship with Semco in the near future. Near future to me is less that 3 months. Good luck today.
Posted by ZJamaican on :
Hey look TBLU is flying just like I said it would up 120% so far with only 431K in volume and it is still going!!!!!!!! MMs are so short in shares it hilarious. Peace
Posted by ZJamaican on :
Up 160% too easy....
Posted by $Keith$ on :
LOL...watch how quickly it will fall too...
Posted by ZJamaican on :
Stock just dipped to .03 thats not a hard fall relax keith this would be a good time to get in if you missed the 160% increase. And incase you all forgot stocks rise and then fall rise and then fall.
Posted by netinvestor on :
easy to predict a stock when its being manipultated
Posted by NomarKash on :
quote:Originally posted by ZJamaican: Stock just dipped to .03 thats not a hard fall relax keith this would be a good time to get in if you missed the 160% increase. And incase you all forgot stocks rise and then fall rise and then fall.
.03 would NOT have been a good place to get in. Still falling. No support.
Posted by netinvestor on :
35 percent isnt a hard fall? 10,000 or 6,500 what would you rather have
Posted by $Keith$ on :
exactly...this will be right back were it started by EOD...maybe it will finish up a tad, because somebody is going to be caught holding the bags and have to hold there position!!!
Posted by netinvestor on :
I would hate to be the guy in at .047 and then it went down to .025, lost half his investment in a few minutes, I wouldnt be able to sleep at night if I knew I was involved in doing that to someone. I would rather buy stock in a real company with real potential where the company makes it pps go up and not a few people manipulating the market, I bet these people are also in some MLM and they have lost money of close family and friends for their own profit
Posted by clbgroove on :
OUCH
Posted by ZJamaican on :
Wow guys wow listen to yourselves. Stop being so cynical its on its way back up now chill.
Posted by Bearclaw on :
Momo... I stand by the post this morning......You have no clue as to my portfolio...None of your business..Wonder how the folks are who bought in the 40's this morning while you told them to hold it was only a shake...but the shake never got close to where you told them to hold...You bought in Friday and yesterday...Your a punk and a theif...I'd love to get the SEC up your arse...
quote:Originally posted by Bearclaw: There has been major accumulationm the past week under the radar. If you are new... be careful if you decide to play this group pick.
The moderators and Momo (or whatever his name now is) have already bought their shares...This stock WILL RUN UP SIGNIFICANTLY ON THIS GROUP PICK. IT WILL RUN HIGH...This has a very low float...remember it is a shell, they don't have any revenue or products, and the only thing running this is the group...nothing else...
Here's the problem. Example: Lets say the moderators bought 500K shares this past week. The group today buys 1 million shares. As this is running high your buys are the moderators sells. You are buying the stocks from them. When the peak hits and this drops and they say "It's only a shake hold don't sell" that is when they are selling off the rest of their shares. GET OUT NOW OR BEFORE THIS POINT. That will leave 500K shares with no one to sell to. It will tank fast.
You can make money here if you get out fast. For the ones who get stuck holding the bag there is a possibility for this stock after the group pick is finished...maybe 2-6 weeks or longer down the road.I have been doing DD on this and it certainly is a possible investment. Note I said possible...Just speculation on my part...I'm disappointed it was chosen as a group pick because Momo and his moderators leave a bad taste in the mouths of folks who get burned and the stock is in question for a while after.
DD this stock with the thought of a possible relationship with Semco in the near future. Near future to me is less that 3 months. Good luck today.
Posted by $Keith$ on :
quote:Originally posted by $Keith$: exactly...this will be right back were it started by EOD...maybe it will finish up a tad, because somebody is going to be caught holding the bags and have to hold there position!!!
Looks like I was right on the money....closed right back where it started....
Open .019 Close .02
How many got burned today?
Posted by pcloadletter on :
actually, I sold right before close at .035
Posted by pcloadletter on :
bid still at .035 ask at .04
Posted by netinvestor on :
some lost well over half there investment on this today, and the group actually has the nerve to come on here and brag about how they made money today. its truly sad when you have no ability to evaluate a real stock/company, instead you turn to group picks
Posted by $Keith$ on :
quote:Originally posted by pcloadletter: bid still at .035 ask at .04
I don't think so...it's a misprint...I see that also!
It will open at .02 in the morning and have noe volume except for people selling!
Posted by $Keith$ on :
Bob would you be so kind to delete this thread and someone can start one with some DD and not group pick garbage!
Oh wait there is nothing to DD!!!
Posted by pcloadletter on :
Someone got scared and sold at market is my guess
Posted by Chopper on :
BAAWAAAAHAHAHAHAHAHAHA
quote:Originally posted by $Keith$: Bob would you be so kind to delete this thread and someone can start one with some DD and not group pick garbage!
Oh wait there is nothing to DD!!!
Posted by Chopper on :
This comes from Leo on the Rb site. Good read.
This is in reference to the topic regarding tblu, is info in general about shells, mergers, etc from PennySleuth.com
not sure if these proposed changes that may go into effect tomorrow would apply to pink sheet issues
if anyone knows more concretely, please respond, thanks
A Day of Reckoning for Blank-Check IPOs
If something sounds too good to be true, it usually is. And that's why when the SEC meets on June 29, it may hammer the so-called blank-check IPOs that promise instant riches to small-cap and microcap investors -- potentially obliterating the valuations of companies that used reverse mergers to go public.
A new SEC ruling could force blank-check IPO companies to be more accountable by closing disclosure loopholes. Blank-check IPOs -- which also go by the aliases of shell companies, reverse mergers or reverse takeovers (RTO) -- have become fertile ground for stock scams, attracting the scrutiny of the SEC.
Look no further than Diversified Financial Resources Corp. (DFRC), which is listed on the Over-the-Counter Bulletin Board exchange. The company operates as a real estate holding operation. But it was originally incorporated under the name Vaxcel, Inc. in 1993, then changed its name to eLocity Networks, Inc. in 2000.
Sound complicated? It gets more hairy. There was another shell called Cybergate, Inc. that enabled Mortgage Financial Link.com, Inc. go public. But Mortgage Financial Link became a subsidiary of DFRC. And remember eLocity Networks? It was cited by the SEC, along with Cybergate, on June 8, 2004, for not having filed periodic reports since 2001.
There's more...
Go to the one-page Web site of DFRC, and you'll read that the company "hopes to combine companies in different industrial business sectors and provide a business platform with a wide diversity of profit sources creating a good spread of investor risk." The company shows seven subsidiaries in completely different business segments.
The four-page annual report for DFRC of April 20, 2005 showed revenues of $61,082 for the year ended Dec. 31, 2004, compared to revenues of $64,967 for fiscal 2003. Under the heading "Ability to Continue as a Going Concern," the company states "DFRC's ability to continue as a going concern is in doubt."
Maybe that's because in 2004, the SEC alleged in a lawsuit that convicted felon Gino Carlucci hyped DFRC through a boiler-room operation in Laos to investors in Britain, Australia and New Zealand.
And by the way...
Gino Carlucci's real name is Gene D. Odice. He assumed the alias in the mid-1990s after multiple restraining orders for felony stalking. And DFRC? Its stock was last trading at 0.0001 cents per share.
It's because of blank-check IPO scams like DFRC that your judicious Penny Sleuth warned small-cap investors against blank-check IPOs in the April 22 issue (http://www.pennysleuth.com/alertholder/04.22.05). Since then, that story has been picked up by BusinessWeek, National Public Radio and other major media outlets.
Following these national stories, my colleague Carl (The GRIPPER) Waynberg wrote a three-part series in his newsletter The GRIP (www.the-gripper.com) that argued in favor of reverse mergers. In his 3,637-word tract, the GRIPPER cited extensive historical data to make a convincing case. But your devoted Penny Sleuth respectfully disagrees.
Because in the pursuit of justice, the SEC and other agencies on the front lines of enforcement blow through lengthy empirical arguments to protect small-cap and microcap investors from the get-rich-quick schemes associated with blank-check IPOs.
The crisis and the proposed loophole mends are detailed in an SEC document titled "Use of Form S-8 and Form 8-K by Shell Companies."
As written in the SEC document:
"Our proposed definition of the term 'shell company' is not intended to imply that all shell companies are fraudulent. Rather, the proposals in this release target regulatory problems that we have identified where shell companies have been used as vehicles to commit fraud and abuse our regulatory processes."
The North American Securities Administrators Association supports the SEC anti-fraud proposals for blank-check IPOs. A North American Securities Administrators Association (NASAA) comment dated June 22, 2004, says, "Similar to the experience of the SEC described in the proposal, the states have seen a steady stream of fraud and misconduct in the distribution and manipulation of shares of shell companies and the companies that combine with shell companies."
Blank-check IPOs are perfectly legal under SEC guidelines. These dormant public companies are typically formed without assets or employees to act as hosts for companies that want to go public, but for various reasons choose to bypass established channels for an offering. The process of going public through a blank-check IPO is called a reverse merger. With a reverse merger, a fully operational private company combines with the public shell, triggering demand for stock that is often traded on microcap exchanges such as the Over-the-Counter Bulletin Board or Pink Sheets.
By comparison, a traditional IPO entails a rigorous filtering process by qualified experts who collectively determine the initial stock price. In extreme cases, an IPO may be scrapped if Wall Street gives the company a black eye. With a blank-check IPO, these experts are scoffed at.
As part of its crackdown, the SEC has proposed changes that would make companies that have already conducted a reverse merger adhere to existing reporting standards. The proposals could become law on June 29.
In particular, the SEC wants to amend the use of Form 8-K and Form S-8 to file material changes in stock ownership and merger activity.
This is the latest attempt by the SEC to regulate blank-check IPOs. The SEC's 1992 adoption of Securities Act Rule 419 got to the nub of the blank-check IPO. It granted investors an opportunity to withdraw their money from an escrow account once the shell company combined with another company. The assumption was that the shell company would merge with a functioning company and give investors concrete information on which to base an intelligent decision.
New problems arose when the combined companies began filing mandatory SEC disclosures that were legal, but treacherous in the wrong hands. Operating in a regulatory limbo, promoters, hucksters and scam artists saw a chance to exploit SEC loopholes -- and bilk investors -- primarily through Form 8-K and Form S-8.
Here's how they do it...
Form 8-K must be filed within a month of any material event that might affect a company's financial situation or the value of its shares -- ranging from mergers to amendments of the corporate charter. Form 8-K abuse occurs when it's used to communicate a reverse-merger IPO, rather than the more detailed Form S-1, which is required under traditional IPOs.
What troubles the SEC about Form 8-K IPO disclosures is "these filings often do not contain much of the information useful to investors in making informed decisions about investing in the company."
By evading a Form S-1 disclosure, companies that have something to hide can suppress otherwise required information, such as audited balance sheets, financial projections and probable risks.
In addition, public offerings disclosed through Form S-1 comply with a so-called "quiet period." It covers the time between the signing of a letter of intent and 90 days after the actual offering starts. During this juncture, publicity concerning the company is severely restricted.
Not so with a Form 8-K disclosure...
Because it also gives unscrupulous promoters a 71-day window in which to pump and dump the offering. The SEC states:
"During this time, the market may have difficulty pricing the securities because of the lack of adequate information. Investors who purchased the securities at artificially high prices while adequate information is unavailable typically lose money when specific and reliable information becomes available, the promotional activities stop and prices drop."
Form S-8 is another vehicle for swindling investors through a reverse merger. The true intent of Form S-8 is to enable the fast and simple registration of securities issued under employee benefit plans. When used in a reverse merger, a shady promoter can actually avoid filing a thorough prospectus that would otherwise be required in a traditional IPO.
Form S-8 is also employed in reverse-merger pump-and-dump schemes. Form S-8 can be manipulated to allocate shares to consultants, family members and dodgy analysts who hawk the offering without divulging their holdings. In the June 29 meeting, the SEC intends to cut these practices to deter fraud.
The SEC cites, "Many of the abusive schemes we have seen involve multiple filings of registration statements on Form S-8."
Combined, the misuse of Form 8-K and Form S-8 has abided cons of international proportions. In its comment to the SEC, the NASAA refers to a popular Asian hoax...
"Most recently, the enforcement units of state securities divisions have received complaints involving newsletters recommending investment in shell companies just prior to business combinations. This latest incarnation of investing in shell companies [the scam] involves profitable companies located in Far Eastern countries with rapidly growing economies, such as China. The solicitations identify these foreign companies as preparing to merge with U.S. shell companies and suggest that investors buying now will reap large gains when the stock price soars."
Under the pending SEC proposal, shell companies would be prohibited from using Form S-8 and instead be required to use the more stringent Form SB-2 or Form S-1.
Proposed modifications to Form 8-K call for fuller disclosures. The change would be dramatic. The SEC estimates that its proposed Form 8-K revamp would increase disclosures by 6,284 hours at an extra cost to the company of $628,425. As part of the fix, the 71-day window would be reduced to four days.
The financial burden of the Form 8-K overhaul could sink many legitimate blank-check IPOs -- just like Sarbanes-Oxley has purged the small-cap market of companies that lacked the financial resources to comply with that sweeping anti-fraud legislation.
But June 29 would also be a day of reckoning for blank-check IPO scam artists.
Think fast: unload your blank-check IPO shares now?
Happy investing,
Irwin Greenstein
Posted by Stock Jockey on :
Ahhhhhhh, Finally some DD that applies.
Posted by renrob05 on :
hi guys the bid is actually 0.035 and ask 0.04. It closed afterhours at 0.035. Somebody probably sold at market.
Posted by Bearclaw on :
For those of you who are still holding shares. If this really tanks tomorrow and the day after then I have a slim possibility to share. It's just a thought but Tblu and PLNI offices are together. PLNI is acquiring Semco which is a private company. All three companies are finished or near completion of financials/audits.
There has to be adjustments before PLNI goes to the big board. They have to meet requirements to move to that board and two of those are that the Outstanding Shares need to be a certain amount and another is a sustained PPS of over a dollar amount for a period of time. That is their goal 18-24 months after getting off the pinks...
Now here's the longshot...What if the merger somehow involves all three companies? Why would you hold a shell company in a file drawer for two years if there was not some future purpose? I wonder what that purpose might be? What are the possibilities?
For those of you who are new and not familiar with doing DD and hoped for a group pick solution....this is a good time to start the DD process. You may want to look into the possibility of TBLU as a part of the PLNI and Semco situation. If you come up with some reasonable DD please share it on this site.
This is a place to network with each other and share DD. It's purpose is not to provide a beetch and moan site after this group pick is finished. There were a ton of warnings, all well intended, to help folks choose to stay away. There were also folks who tried to tell you when to get out. There were folks who went nose to nose with these theives. You heard and read all of it. I hope you will be one of those who help prevent the next group of victims.
Many folks on Allstocks who are still here have been burned one time or another by this con. I have. Suck it up, do the DD and stick with the folks who won't intentionally hurt your investments. You just paid a hell of a tuition on learning pennyland...
Good luck...and find some DD to bail yourselves out...
Posted by BuyTex on :
Bear,
apparently the outings worked, bro--I don't see any holders posting. looks like the only ones who played were henchmen...no?
But long-term? I dunno--did you read chopper's re-post about new SEC regs? Not saying there *were not* plans to do a well-intentioned shell move, but now? I'd be interested to see what you think of chopper's post...
Posted by Balder on :
From everything that I know about PLNI I would say the scenario you describe above is very unlikely.
tblue is a trading company - many people besides Jim Turek own its stock. Why would he suddenly decide to give all of them some of PLNI's pie? Because he doesn't want to do a little paperwork?
When shell companies are used to roll up other companies don't they usually reverse split the stock to a dozen or so shares (GVRP for example) so you don't have to give away the assets of the new company?
In a scenario of using tblue to bring plni/semco onto the otcbb wouldn't they reverse split it to get rid of all the nickle and dimers buying shares right now? Think about it... what would you do if it were your company?
Posted by netinvestor on :
i think a shell bringing in plni just to get them on the otcbb would look like they are trying to hide something, to back door there way out of the pinks, looks bad that they are owned by the same person also. i think it would be different if it was a legit compnay merging/buying them out. It would also help if they had anything to do with the same industry. so in my mind it would look fishy and turn alot of people off for plni to get bought out by tblu, I know I would drop my shares like a hot potatoe because it would seem like there is a reason for not going through the audit
Posted by $Keith$ on :
quote:Originally posted by Bearclaw: For those of you who are still holding shares. If this really tanks tomorrow and the day after then I have a slim possibility to share. It's just a thought but Tblu and PLNI offices are together. PLNI is acquiring Semco which is a private company. All three companies are finished or near completion of financials/audits.
There has to be adjustments before PLNI goes to the big board. They have to meet requirements to move to that board and two of those are that the Outstanding Shares need to be a certain amount and another is a sustained PPS of over a dollar amount for a period of time. That is their goal 18-24 months after getting off the pinks...
Now here's the longshot...What if the merger somehow involves all three companies? Why would you hold a shell company in a file drawer for two years if there was not some future purpose? I wonder what that purpose might be? What are the possibilities?
For those of you who are new and not familiar with doing DD and hoped for a group pick solution....this is a good time to start the DD process. You may want to look into the possibility of TBLU as a part of the PLNI and Semco situation. If you come up with some reasonable DD please share it on this site.
This is a place to network with each other and share DD. It's purpose is not to provide a beetch and moan site after this group pick is finished. There were a ton of warnings, all well intended, to help folks choose to stay away. There were also folks who tried to tell you when to get out. There were folks who went nose to nose with these theives. You heard and read all of it. I hope you will be one of those who help prevent the next group of victims.
Many folks on Allstocks who are still here have been burned one time or another by this con. I have. Suck it up, do the DD and stick with the folks who won't intentionally hurt your investments. You just paid a hell of a tuition on learning pennyland...
Good luck...and find some DD to bail yourselves out...
Great Post! Many Good points...and things to think about.
Listen when this man speaks...there is alot to be learned here.
Posted by Bearclaw on :
I think a reverse merger would be an option also with that scenerio..Maybe I'm looking for something that's not there but...I'm just wondering why the shell...Putting it out there for folks to help me hereTry this one...
The kid is the major stockholder of Tblu...yes? Could put Tblue and Semco together let the son run that and dad PLNI...then the three together later with a reverse merger and go to the big board...I mean why pick up the shell who's only purpose in life is to merge with something...
quote:Originally posted by Balder: From everything that I know about PLNI I would say the scenario you describe above is very unlikely.
tblue is a trading company - many people besides Jim Turek own its stock. Why would he suddenly decide to give all of them some of PLNI's pie? Because he doesn't want to do a little paperwork?
When shell companies are used to roll up other companies don't they usually reverse split the stock to a dozen or so shares (GVRP for example) so you don't have to give away the assets of the new company?
In a scenario of using tblue to bring plni/semco onto the otcbb wouldn't they reverse split it to get rid of all the nickle and dimers buying shares right now? Think about it... what would you do if it were your company?
Posted by BuyTex on :
old plan, new rulings?
Posted by Chopper on :
Ouch....
Posted by Bearclaw on :
You hurt yourself Chop? hahahaha Good morning.. Got the e-mail...thanks...
quote:Originally posted by Chopper: Ouch....
Posted by ZJamaican on :
Interesting TBLU up again today 125%. Ouch...? Right on the money Keith....
Theres too much pride here, I honestly don't care if the company is doing nothing all I care about it will this stock make me money. TBLU made me money, I got out yesterday.
Posted by netinvestor on :
if my son OD's on drugs should I get mad at the drug dealer? after all he was trying to make a quick buck and didnt care who it affected.
Posted by ZJamaican on :
No you get mad at your son. It was his decission to buy the drugs. The drug dealer did not force him to buy the drugs.
As an investor if one buys in at the PEAK of a stock and it drops it is the investor's responsibility. ALL stocks go up then drop, in the penny stock world this happens within minutes. People will always get "hurt" and people will alwyas make money.
So far TBLU has made the majority of people who bought in money. What is the problem?
You son should not be doing drugs in the first place... It's your sons falut just as it is your fault if you invest in the wrong stock. TBLU has increased over 400% since first called here. So what is your point? People who bashed are now looking like the immmature ones while Momo is laughing. Believe it or not his plan was for you to bash it. More people who bash more people will take interest in the stock.
[ June 29, 2005, 10:55: Message edited by: ZJamaican ]
Posted by ZJamaican on :
I also find it amusing when you get a group of people together to throw money at a stock and OH MY GOD now that becomes "Stock Manipulation" becasue when alot of money is thrown at a stock the price increases drastically. What a concept.
Posted by renrob05 on :
and when it does well guess who looks like fools? You bashers.... This DD is not needed to move this stock. It has already moved. Momo made SFTV run over 1,000% and now TBLU 400% even made them run side by side. If that's not talent then what is? Not to mention no bag-holders as you claim there will be."
Posted by netinvestor on :
Z I guess I would just like to make money in a real stock/company where it goes up for a legit reason and not a small group pushing it up and then all dump it and it drops in half in 10 minutes. I guess your the type of person that likes to kick someone who is down and take advantage of someone who is in a string of bad luck. You know Im sure your in a MLM company, but I bet your the follower, working hard to make the top dog money while you sell all the false dreams to your family and friends only for your own profit. Your not smart enough to lead so you follow a person you never met, he always makes alot of money because you followers work so hard to make it for him. You cant evaluate a real stock/company so you have to find an alternate way some money out of the market. I know people lose there money all the time in the market. There are many differnet reasons why they do, but to lose because the market was manipulated by a group of brainless followers is upsetting. Not only do you hurt the investor but you hurt the stock of the company, but then again you dont care because you made a few bucks. I like your way of thinking Z, if someone gets killed by their friends gun I guess they shouldnt have been friends with that person right? They should only be mad at themselves. Good thing I have my spam emails from your group saved. The nice thing about the internet is everything can be tracked to where it came from.
Posted by netinvestor on :
quote:Originally posted by ZJamaican: Interesting TBLU up again today 125%. Ouch...? Right on the money Keith....
Theres too much pride here, I honestly don't care if the company is doing nothing all I care about it will this stock make me money. TBLU made me money, I got out yesterday.
he was right on the money it did close where he said it would
Posted by Bearclaw on :
Great post...Listen to what this man is saying...The only problem I see is your talking about integrity in people...these kids don't get that...So they will answer you in terms of it's all OK because I MADE MONEY...
quote:Originally posted by netinvestor: Z I guess I would just like to make money in a real stock/company where it goes up for a legit reason and not a small group pushing it up and then all dump it and it drops in half in 10 minutes. I guess your the type of person that likes to kick someone who is down and take advantage of someone who is in a string of bad luck. You know Im sure your in a MLM company, but I bet your the follower, working hard to make the top dog money while you sell all the false dreams to your family and friends only for your own profit. Your not smart enough to lead so you follow a person you never met, he always makes alot of money because you followers work so hard to make it for him. You cant evaluate a real stock/company so you have to find an alternate way some money out of the market. I know people lose there money all the time in the market. There are many differnet reasons why they do, but to lose because the market was manipulated by a group of brainless followers is upsetting. Not only do you hurt the investor but you hurt the stock of the company, but then again you dont care because you made a few bucks. I like your way of thinking Z, if someone gets killed by their friends gun I guess they shouldnt have been friends with that person right? They should only be mad at themselves. Good thing I have my spam emails from your group saved. The nice thing about the internet is everything can be tracked to where it came from.
Posted by netinvestor on :
your right, I realize Im wasting my text, so I guess I will choose not to post about them anymore
Posted by ZJamaican on :
Net I understand what you are saying. We are different people. I guess you like to make money and feel good about yourself at the end of the day. You’re glad that the company you made money off was doing something.
Like I said I could care less what a company is doing if it’s running up and I can make money I'll get in.
Now ask yourself why do most people play the stock market? The 99% reason is to make more money than they put in. The majority of the people out there could care less, they may act like they care but the harsh truth is everyone is here to make money there will be winners and there will be losers. It’s like chess you either win or you lose there’s nothing in between.
As far as Momo's picks dropping in 10 minutes? Look at TBLU its up 100% today. We buy as a group and sell INDIVIDUALLY when we want to. Momo does not say sell at 1PM. We don’t just drop the bag at once. 90% of our group that got into TBLU is already out where are the bag holders? We let the stock keep running like we did with TBLU. There is no problem.
Obviously Momo is going to make the most money out of everyone. He makes the site, he organizes the people, he gets the picks. The one who puts the most work in gets the most out its that simple. The nice thing is that majority of the time ALL of us make money.
I am in this market to make money. I will continue to get into picks that consistently run over 100%, while you can have fun doing your “Due Diligence” as they call it, taking shots at companies that look good and have “potential”. In the penny stock world looking for companies with potentially and trying to hold long term may work, usually it will fail these companies are penny stocks because they aren’t really doing that well. While you’re holding long term I’m buying into runners everyday making 100% selling at the end of the day to repeat again.
Whatever floats your boat.
Posted by BuyTex on :
Z-momo-et al:
NO, you do NOT understand!
Your tactics are to infiltrate and then sucker people.
One of the recent aliases was Wisdom-Dave, who PM'd *me* pleading his case that he was *NOT* Momo...
summary: I replied, simply stick to thread we allow, and you can run yur picks all you want. There are folks here who would play...
But when you come in under an alias, recruiting newbies? NO!
just say, "group pick," and we'll go from there...
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)
So hopefully Momo runs this up and makes me money.