You may be right. It may take that long, but I think we will know within a week, maybe sooner. I have always assumed a positive response from the NYSE would take this long or up to another week. I'll be surprised if it takes longer than a week to review the decision among NYSE staff members, etc. and for FAB to make clarifications, etc., and for the announcement to be coordinated and issued. I will very surprised if FAB does not maintain its NYSE listing.
Once the NYSE announcement comes, I expect a barrage of information updates to come from FAB, assuming the lawsuits allow. The lawsuits are the least of my worries. I expect the internal investigation information shared with plaintiffs will result in a willingness to settle soon for a dime on the dollar, under the coordination of the insurance attorneys.
I look forward to the resumption of trading. But I think at least a week will be allowed for dissemination of information before trading resumes.
My guess is we will hear something of the coming Friday or next Monday. Just a guess...
I'm not saying 30 more days...
I'm saying more info...
I figure we know within 30 days...
I don't know, but his hedge fund was up about 1,400% while the SP did around 50% before he retired.
Carnes or Rogers?
But be careful, according to Lcbc they both could be bad.
You fall for the Carnes Scam or bite on the "smoking gun" bond?
There is a HUGE amount of money to made in digital sector in China, you just have to find the right horse. I understand those that state they will never invest in Chinese companies. I just see them as another investment that needs a little extra DD. Why shy away from an economy with over 1 Billion people that need pretty much everything?
BIDU is also based on VIE structure, just like FAB.
QCOM just dumped 150M in China's mobile space also.
Luckily, you don't know Jim Rogers so well. Otherwise, you would not have believed the Carnes Scam or this Ibcb drivel he spwes all around like a crazy man. Your mistake was not learning more about FAB before going short.
I understand you have a short position and you want to scare people away from FAB. But your syphilis brain static comments will not influence people. Any long with any sense knows it's just a sign of your desperation and lack of class. You short traders are like spoiled babies with no sense of reality and right behavior. You are a disgrace. Luckily, life will swallow you up. You are on the wrong side of history, which will soon be clear. i would love to see your fat behind running for the exits.
what a sharp guy you are buying a lousy stock that hasnt traded in 8 months...and may never trade again.
When he stands before God to answer for his cheating ways he had better be prepared for a elevator going down.
Just imagine if we talking about INTC instead of FAB....CNBC would be going nuts
"Too bad they ran and hid and won't answer anything anymore."
They are clearly hiding from all news, both bad/questionable and good. The 10K numbers were spectacular, far better than those that caused the share price to run from 3 to 11.
Somehow I suspect before they start trading again they'll start with the PR barrage and a Conference Call if they are smart.
I have plenty of questions, including the Kiosk License shutdown (even if for just one quarter).
"Now you are saying ABAT's insurance company DID pay out a settlement and they were a fraud. Which is it Joe... were you lying before or are you lying now? You and I both know that the argument of they must not be a fraud because their insurance company is defending them doesn't hold water. It is BECAUSE they are a fraud that the insurance company will tell the Plaintiffs to take a small settlement or get nothing when they are abandoned."
I said if the company turns out to be a fraud their insurance company will pay SQUAT.
A few thousand dollars as a nuisance suit to me is SQUAT....probably far less than one penny on the dollar when all is said and done....and that is SQUAT.
Why is it SQUAT? For the last time it's because the insurance company has a disclaimer for fraud.
Now you could go after the accountants, but they won't settle for a LONG TIME, if ever, because it make them look bad and is really hard to prove they were directly involved/or should have known.
Why did ONP's insurance give up 2M while ABAT gave up 275K?
It's because one was a straight up fraud (nuisance suit...so they got SQUAT) and one company was legit and the possibility existed they would lose a greater amount.
=At this point I think I know more about FAB and their business model than any other stock I own.
LOL... you mean that business model they totally abandoned and even though most of their cash in 2013 was made from kiosk licenses they all of a sudden quit selling them? You mean that business model that changes with each filing as they struggle to come up with something different once challenged?
It is inexplicable they would stop selling kiosk licenses. Makes me think it wasn't their choice and they lost the rights to license the content due to being caught in piracy. So many questions. Too bad they ran and hid and won't answer anything anymore.
I think you bought at the best time possible. Though you've had to wait, I think you can turn your buy into either a short term profit or a longterm goldmine.
By the way, Lbcb..., you are such a joke. Every prediction you make is wrong.... FAB is going dark... I am Joe... you will make money on your FAB trade... but you know everybody's business but your own. I have control of this ID but will be creating a new ID soon without a name. This ID served its purpose. You bit on it....
I am back stateside and will be participating more often here. For your information, I know several people here. They are real people, not IDs like you and your short trader friends use to create ID pllution on this Board.
The end game is about to go down. Don't say I did not tell you what was going to happen...
=ABAT's insurance company settled for a chump change (275K) and the lawyers took the deal because they knew it was a nuisance suit at that point (because ABAT was a fraud).
But Joe... you just claimed this:
"Because every insurance policy has a disclaimer for fraud. If FAB was a fraud their insurance wouldn't pay squat"
Now you are saying ABAT's insurance company DID pay out a settlement and they were a fraud. Which is it Joe... were you lying before or are you lying now? You and I both know that the argument of they must not be a fraud because their insurance company is defending them doesn't hold water. It is BECAUSE they are a fraud that the insurance company will tell the Plaintiffs to take a small settlement or get nothing when they are abandoned.
Your desperation is making you say some stupid things and you are getting caught up talking out of both sides of your face.
if you are talking about fab you are incorrect if was halted at 9am eastern time and last trade was $3.07 it was my trade.
Do insurance companies cover stock market gyrations ? That's news to me. Seems like failure to disclose a liability that results in a tradeing halt is negligence. They could argue that VIE GAAP conventions give them credibility, but I'm not sure a judge would find the defense reasonable. Face it - it's a colossal gaff.