posted
yeah, seems like as of now it's just Choicetrade, and just Wednesday transactions. Someone on IHub posted a theory that Penson issued an internal halt, and that some braches/brokers/whatever didn't get it immediately, or didn't act on it, and those trades are being reversed, but it shows that they "bought my shares back" at the price as of close. I don't thikn they could "reverse" my trade by forcing me to buy back higher, I'd think they'd reverse my trade by cancelling it and taking the money tha tI made from that sale back, but you never know.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Yucatan Holdings to Consult With Techlabs, Inc. on a Proposed Tender for the Unregistered Shares of The BigHub.com, Inc.
JENSEN BEACH, Fla., April 13 /PRNewswire-FirstCall/ -- Yucatan Holdings announced today that it has brokered a deal in principle between The BigHub.com, Inc. (Pinksheets: BHUB) and Techlabs, Inc. (OTCBB: TELA). Techlabs, Inc. plans to forward split its shares one hundred to one and to tender for all unregistered shares issued to investors of BHUB on a one for one basis. Techlabs, Inc. plans to assume the rights and privileges of the shares and intends to pursue all available legal remedies, with The BigHub.com, Inc., against unnamed parties that were in receipt or responsible for the issuance of the unregistered shares attached to BHUB.
In addition, BigHub.com will issue common shares, as yet to be determined, to Techlabs, Inc. as part of this global agreement. The agreement will be subject to registration of the Techlabs, Inc. shares, additional due diligence, and review by the Company's legal counsel.
The BigHub.com, Inc. has provided Techlabs, Inc. with its updated corporate filings which can now be viewed on www.sunbiz.org .
About Techlabs
Techlabs(OTC Bulletin Board: TELA) is a developer of emerging businesses. The Company's primary focus is centered on developing business opportunities in the Caribbean basin and South America. Techlabs has also acquired on March 14, 2007 a 10,000,000 share position with Eline Entertainment Group, Inc. (Pinksheets: EEGI).
Eline Entertainment Group, Inc. through the Company's Storm Depot International subsidiary distributes hurricane protection products, including its proprietary E-Panel, a lightweight translucent hurricane panel, through a network of licensed dealers and independent retailers. The company's dealer outlets offer the public and the contracting trade a one-stop shopping solution for a broad range of hurricane protection and preparedness products.
Eline also holds a controlling interest in the voting securities of CTD Holdings, Inc. (OTC Bulletin Board: CTDH), which sells cyclodextrins (CDs) and provides consulting services in the area of commercialization of cyclodextrin applications. CDs have applications in the areas of biotechnology, cosmetics, foodstuffs, pharmaceuticals, and toxic waste treatment, among others.
This press release contains forward-looking statements, some of which may relate to Techlabs, Inc. and which involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Techlabs, Inc.'s filings with the Securities and Exchange Commission.
posted
This aint gonna work... TELA has 850,000 shares out. That equates to 850mm. They are short 700mm. AND that makes the shares we own at todays price of .14 = .0014. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
tman, you are correct about the conversion, but assuming there are still 1.5 bil shares floating around, they will need to be covered, right? Would they then need to be covered as TELA though? In essence, there'd be 1.5 billion (equivalent to 15m tela shares) fraudulent shares of TELA, right?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
This is TELA's profile from yahoo.... sure doesn't look like the same tela mentioned in the pr does it?
Techlabs, Inc., through its subsidiary, Florida Fountain of Youth Spas, Inc., engages in the ownership and operation of a spa located in South Florida. Its spa offers hormone replacement therapies, electro-magnetic therapy, and sexual enhancement therapies under medical supervision. The spa also has a cosmetic and therapeutic day spa that specializes in body wraps and facials. In addition, the spa sells various over-the-counter diet supplements and vitamins, as well as skin care products, including the Skin Fitness line of products. Further, Techlabs operates the ?Starting Point.com? portal that provides Web searching tools. The company was founded in 1998 under the name Coordinated Physician Services, Inc. and changed its name to Techlabs, Inc. in 1999. Techlabs is based in Knoxville, Tennessee.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
The shares would need to be covered. That is correct. The PR states that TELA would give a 1 to 1 conversion for the bhub shares that are out. The 64000 question is is there only 850mm shares short now or less? There was almost a billion shares traded Monday, so there is a good chance the amount of illegal shares have diminished in the market. interesting to note that tela went to .28. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
I was a math major and stiill didn't even notice that error Good catch. I;m in fro some TELA just in case.
quote:Originally posted by kermit42: tman, you got the conversion wrong by a zero. They will have 85 million shares, not 850 million (only a 1:100 split).
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Well, either TELA's diluting on this news or there's a decent short problem theer too. It's already traded more than the float, most of it in the last half hour.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Will TELA stay up or is the current trading due to daytraders and scalpers reacting - that is will it come back down to .18 (thus bhub being .0018). Whatever the TELA PPS, once trading resumes I think it will plummet as us BHUB holders scramble to sell. Who wants to go through this halt stuff ever again?
Posts: 27 | Registered: Apr 2007
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posted
Hey will, we get it, you think the stock sucks. Without providing any useful info, there's no reason to keep posting your lamentations.
And BHUB is "worth" .0018 if it was a straightforward R/M. You're assuming the ridiculous 1.5billion share "problem" just vanishes into thin air.
quote:Originally posted by williamjones: Will TELA stay up or is the current trading due to daytraders and scalpers reacting - that is will it come back down to .18 (thus bhub being .0018). Whatever the TELA PPS, once trading resumes I think it will plummet as us BHUB holders scramble to sell. Who wants to go through this halt stuff ever again?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
hope it works out for you guys. buy and then DD?
okay - just a lil dd... did you notice my previous post about the profile differences from the PR and the profile listed for tela on yahoo? just might be a red flag there. didn't get to the people yet.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
"Techlabs, Inc., through its subsidiary, Florida Fountain of Youth Spas, Inc., engages in the ownership and operation of a spa located in South Florida. Its spa offers hormone replacement therapies, electro-magnetic therapy, and sexual enhancement therapies under medical supervision."
good thing it's Friday look out wife! hot tub tonight!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Posted by: gdb81 In reply to: None Date:4/13/2007 3:32:24 PM Post #of 36987
Since BHUB isn't trading, by Monday afternoon every BHUB share will either have been cleared or rejected. The transfer would be an absolute breeze, they could have the new symbol up and running by Wed.
Wonder if this was the t-1 halt reason...
Posts: 2794 | From: nyc | Registered: Aug 2005
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posted
Mr. Jayme Dorrough , 38 Principal Exec. Officer, Chief Financial Officer, Principal Accounting Officer, Sec.
He looks to BE TELA - familiar. See who is the BHUB director. It's a DONE DEAL. Now hows it gonna shake out and where will we be a week or 2 from now.
Posts: 27 | Registered: Apr 2007
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quote:Originally posted by thesource: I am totally confused ........
im with ya on this. I have NO idea whats going to happen and if its going to happen soon even hehe. well guess i'll hold my bhub LOL. 6.6 mill worth Posts: 2794 | From: nyc | Registered: Aug 2005
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I got 10K shares at .28. Immediately put in an orer to sell 7500 at .38 to ride free shares.
The .38 sell just executed, but it never showed up on T&S, only a trade of 10K shares at .38 and 5K shares at .39.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Another company assuming the fraudulent shares?-that is the last thing in the world I would expcect. Wonder if "John Sparrow" has anything to do with TELA?
But- that would leave a large short position on BHUB that they would have to start covering the minute this starts trading again, wouldn't it? Qsip change means squeeze?
quote:Originally posted by PCola77: Well, either TELA's diluting on this news or there's a decent short problem theer too. It's already traded more than the float, most of it in the last half hour.
Pcola, I don't think they will dilute, unless they are doing it already- doubtfull. They are assumiing Approx. 1.5b shares. Can't figure it.
posted
By the way, just got an e-mail back from ChoiceTrade thta my money should be back in my account Monday and they have evereything straightened out now.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Their 10k is late and they filed a 10NT. It should be out today, or the latest Monday if TELA's history stays true. That will tell us at least if they have additional shares out as of the day of filing. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
TechLabs Inc. (TELA.OB) ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
On November 20, 2006, Techlabs, Inc. (the "Company") and Yucatan Holdings Company entered into an agreement under which Yucatan will convert 133,333 shares of the Company's Class C Preferred Stock into 20,000,000 shares of the Company's common stock. No other consideration will be paid in connection with such conversion and issuance.
c. 25,000,000 shares of special preferred stock, par value $.001 per share, of which 12,500,000 shares have been designated Special Class A Preferred Stock, all of which are outstanding. Of these shares, 8,330,000 shares are held by the Company's principal shareholder, Yucatan Holding Company, and the remaining 4,170,000 shares are held by Thomas J. Taule, the Company's former CEO and member of its board of directors. The designations, rights and preferences of the Special Class A Preferred Stock provide:
A lot more about Yucatan in this filing. And the bit about discontinuing the fountain of youth venture. Guess they didn't update yahoo with their new profile.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by PCola77: By the way, just got an e-mail back from ChoiceTrade thta my money should be back in my account Monday and they have evereything straightened out now.
VERY cool P
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by PCola77: Well, either TELA's diluting on this news or there's a decent short problem theer too. It's already traded more than the float, most of it in the last half hour.
I was thinking it would be damn funny if the MMs, not having read the PR, saw the surge in volume, reacted as they normally do, and shorted the crap out of TELA.
Kind of like what happened to another stock we know of on March 8.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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posted
I just read TELA's filings. Not to rain on the parade but TELA is JAYME DORROUGH and Dorrough is BHUB and Yucatan. Further TELA has a string of failed ventures behind it and revenues of $0.
This may get BHUB back to trading but I suggest a through Googling of Ms,. Dorrough is in order. None ZERO NADA of her business ventures have ever worked - something doesn't smell right.
Posts: 27 | Registered: Apr 2007
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posted
who cares dude. as long as it allows the people that own shares to get out with something, thats really all that matters to alot of us. I dont care if they ever make a cent, either of them, bhub, a shell company that has made folks money, or tela, that started to make me money today. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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Good catch. I;m in fro some TELA just in case.![[Wink]](wink.gif)
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