posted
Interestingly, back in 97 this was as high as $1.50! I don't know if it will return to those levels but wouldn't that be awesome. I hope they are working on something big!!!
I talked to investor relations and they said that nothing is coming out until after things are settled in court over a settlement that is owed to them. They are looking at bringing out news in Oct. They did not go into big detail except to say that things are going good for the company and that they do have things in the works.
posted
Thanks for the info Shome. Doesn't give us a whole lot to go on. Just have to keep a close eye on it. Volume is still quite bullish. I hope we break the penny resistance today!
posted
Yeah, but I am not going to worry about it. The company is great and when the news does come out they will take off like they have been this week. Just probably a little profit taking. I am in at .0037 so I feel pretty good. Depending on what CWMF does with this split coming up I want to load up more on this position because I think this stock is going to be a great ride!!!
BOCA RATON, Fla., Sep 14, 2005 (BUSINESS WIRE) -- Pure H20 Bio-Technologies, Inc. (PINK SHEETS: PHBT), Plaintiff, today announced receipt of an order dated September 6, 2005 by the United States Federal Bankruptcy Court Western District of Kentucky, Louisville Division Granted Pure H20 Bio-Technologies (PHBT) Motion for Partial Summary Judgment and finds that the civil theft debt attributable to the Florida Circuit Court is nondischargeable.
It was Ordered by the Honorable Judge Thomas H. Fulton that this matter before the Court on PHBT's Renewed Motion for Partial Summary Judgment Against Joseph Anthony Mazziotti's (Debtor) Memorandum in Opposition to Motion for Partial Summary Judgment, and PHBT's Reply Memorandum in Support of Renewed Motion for Partial Summary Judgment Against Joseph Anthony Mazziotti. PHBT is seeking a partial summary judgment finding based on collateral estoppel that a civil theft default judgment owed to it by the Debtor Mazziotti is nondischargeable under 11 U.S.C. 523(a)(2)(A) and (a)(4).
This court previously issued an Order and Memorandum-Opinion on September 30, 2004, granting in part and denying in part PHBT's Motion for Summary Judgment. As stated in the September 30 Order, H20 brought suit against the Debtor for various causes of action, including fraud, breach of contract, breach of fiduciary duty, money lent, and civil theft in the Florida Circuit Court. PHBT was granted a default judgment against the Debtor in the amount of $839,619.50 for fraud, breach of contract, breach of fiduciary duty and money lent, and triple damages for civil theft totaling $57,000. In September 30 Order, this Court found that the doctrine of collateral estoppel precluded the Debtor from relitigating the issue of fraud before the bankruptcy court. The Court, however, refused at that time to determine the amount of the damages award attributable to fraud count that could be held nondischargeable.
PHBT is currently before the court seeking a determination that, based on collateral estoppel, the Debtor similarly cannot attempt to relitigate the civil theft award and that the damages is nondischargeable under 11U.S.C. 523(a)(2)(A) and 523(a)(4). In the September 30 Order, this Court exercised proceeding abstention as to the amount of damages attributable to fraud, and sent the case back to the Florida Circuit Court to allow it to collectively or proportionally allocate the total damage award among the various counts in the complaint. The Florida Circuit Court has subsequently declined to "go behind" the jury's verdict to allocate the damages. This Court will, therefore, hold a hearing at a later time to allocate what damages from the State Court adjudication are attributable to fraud.
About PHBT: PHBT is a publicly held company specializing in the research, development and commercialization of its unique residential and commercial water disinfection systems. The company intends to commence the manufacture and distribution of its products through a network of independent distributors.
The foregoing press release contains forward-looking statements that can be identified by such terminology as expects, potential, suggests, may, intends, or similar expressions. Such forward-looking statements involve known risks, uncertainties, and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management expectations regarding future research, development, and or commercial results could be affected by, among other things, uncertainties relating to the availability of future financing, unexpected regulatory delays or government regulation generally, the company's ability to obtain or maintain patent and other proprietary intellectual protection, and competition in general. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE: Pure H20 Bio-Technologies, Inc.
Pure H20 Bio-Technologies, Inc., Boca Raton Elena Canadeo, 561-218-6169 pureh20biotech.com
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posted
This stock is going to take off again today watch and see. It has done it for the past three days. It has passed the closing high three days in a row. Thanks for posting the press release mb!!! GO PHBT!!! Nothing but good news from these guys!!!
posted
Why would it take off? Not, all news are good news. If you read the 1st paragraph, they are liable. It finds that the civil theft debt attributable to the Florida Circuit Court is nondischargeable
I am not a lawyer but PHBT will pick up the debt amount. If it was dischargeable then it would have flown. That's why we are down 23%
I expect it to drop more on the following days, back to 3 soon
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Pens - You did not read it correctly, The court is saying that Joseph Mazzotti cannot use bankruptcy as a way to get out of paying the debt he owes PHBT. You cannot take a debt into bankruptcy when it has to deal with fraud. PHBT has asked to get at least the partial summary judgement now while seeking the rest. They may not get all of the money that they had intended but it will work in their favor.
quote:Originally posted by shomethamoney: Pens - You did not read it correctly, The court is saying that Joseph Mazzotti cannot use bankruptcy as a way to get out of paying the debt he owes PHBT. You cannot take a debt into bankruptcy when it has to deal with fraud. PHBT has asked to get at least the partial summary judgement now while seeking the rest. They may not get all of the money that they had intended but it will work in their favor.
I'm no lawyer ether but, I would have to agree with you sho, it appears the court ruled in favor of PHBT that the debt should be paid in full by the person who tried to shaft PHBT.
I also agree that this is a normal down day, we may see a close below open but, I expect it to go back up tommorow! I managed to pick up a few shares on the bounce. I would be afraid to say that any stock is predictable, but this one shure seems to follow a definite pattern.
Back up to .007 already!
-------------------- "Keep your stick on the ice, we're all in this togeather!"
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We have a ceiling that we have to break at .01 when we get there. Like I said in an earlier post. There is good things and PR coming for this company and when it does come people will cry just like they did with BCIT. I owned BCIT and cried as well because I jumped early. Look at the PR on this company - they are not barking their own horn other people are doing it for them. They have a great product and folks think about it 10 yrs ago we didn't pay for water but now we pay for it in every way. I am not a pumper if I were I would have bailed when it was up to .009. IMHO I think this company has great potential.
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Forgot in the last post. Don't trust what I am saying or anyone else. I have gotten burned many times. Look for yourself and do the DD. Their website is www.pureh20biotech.com also go to Otcbb.com and search things up in Google.
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Already 42 million shares traded today. Heavy volume. Direction is all over the place today but slowly coming back. I would not be surprised to see it break the penny mark but it could be breather day as well. RSI, MACD, and Volume still show bullish trend over the past couple of weeks.
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If it is going to play the pattern that it has for the last three days it should do another surge toward the last hour. It may not but that is what has happened the last three days.
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i think that it has more to do with swinger then anything else, buying,selling taking chump change profits along the way i beleive that more and more longs will be taking positions in this company
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B I think that you are right. We already have 8 mil this morning trading. People have this on their list, because it is staying right around six. IMHO if it would have been a group play or something you would have seen the price drop below .003 and I don't think that you are going to see that price again. I'm looking for it to take another run. Does anyone have the MM's on this one today?
Member Rated: posted September 16, 2005 22:23 -------------------------------------------------------------------------------- Looks like phbt here is at the bottom regression channel, its one to radar for next week imo with top channel at .01. PCR is nearing the top as the retrace is almost done imo
Moneyflow DMI and CCI have all crossed confirming the uptrend!!!
watch for break of 007..
PHBT is a monster guys...this stocks entire float has traded now and is in the hands of traders...and i personally know that many of these shares are held big time with some top notch traders not looking to sell them until .01+..that is why this upticks on air now
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call
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