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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
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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.
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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.
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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!!!
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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
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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.
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....
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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
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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
-------------------- It will run when you least expect it. :)
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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...
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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...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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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?
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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
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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.
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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?
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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.
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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.
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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.
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