"What's your take on the news currently posted on the alfred little website about the buyout of a kiosk business? Many of the details don't seem to add up to me, and the news seems to be based on interviews mostly. Any guess on what caused the NYSE to pull the rug out from FAB, quickly it seems to me?"
Well, first off it's from Carnes (the guy who brought you the chick with the business card story), so you have to take it with a grain of salt.
You also have to remember it's easy to get anyone to yap in China for just a little cash....see the chick with the business card again.
If I had to guess I'd say the story is manufactured. By whom, I don't know. There are so many angles in play it's a tough call. Carnes pays his crack investigative kids a few bucks with a bonus if they can bring him in solid info, so they got out and get it/buy it for him. So who's setting up whom? Carnes is not going to question it, because he has an out and who's going to chase down the kids in China?
Wonder what the "chick" would say when she's cornered?
I would love to do that interview.
My guess it's the guy's taking the pics that paid her off.
It was always a silly story...there is no FAB Franchise office in the Joy City store...they met her at the front counter.
As for the NYSE, yup, they sure pulled a fast one. Makes you wonder just how that played out. Clearly FAB was unable to present them with the Leob report, but will in the appeal. Will it make a difference....I would think so. FAB made some mistakes, and the bond was a bonehead move by Zhang, but they've owned up to those mistakes and moved on. The rest is just the Carnes Scam, part one and two now (lcbc falling for both).
=What's your take on the news currently posted on the alfred little website about the buyout of a kiosk business? Many of the details don't seem to add up to me
The problem is it matches up perfectly with the investigators finding old kiosks that are NOT of the type FAB has been claiming they are. Carnes showed pictures of the FAB labels being placed on these old kiosks of a different style than FAB ever offered. When is that light bulb going to come on for you?
=you were wrong when you said in your post that the 7/16 NySE Qualifications Panel Hearing occurred.
I said it must have occurred or FAB would have been required to tell us. Let me go back and get the exact quote:
"Oh there was a meeting all right. Once they announced it, there is no doubt it would be a material event requiring an 8-K if it did not happen."
They are REQUIRED to keep shareholders informed as to the details of a delistment process. To not even have enough class to tell shareholders the meeting did not happen is just beyond incompetence. Whatever they do, they are still delinquent in holding their annual shareholder meeting and any single shareholder can petition the Colorado court to force one. Time this incompetent and corrupt BOD was voted out and management replaced.
=I have some info on Ibcb321 that fell into my lap, but I am holding this info for the time being.
LOL! You have my permission to post it here. Like I said before... there are scripts out there where anybody can look up Yahoo user details AS GIVEN TO YAHOO. I can assure you I am well aware of this and my "contact info" Yahoo has has nothing to do with my real world identity and never has. I'm sure you have done google searches on that name by now and have come up with a blank. Actually it is a very common name I used... perhaps you are on a wild goose chase trying to track me down. TOO danged funny!
Stockinvestment ID said Boss said to tell you were wrong when you said in your post that the 7/16 NySE Qualifications Panel Hearing occurred. Better delete that post per Boss' policy. Remember, you always have to be right because Boss says so.
I have some info on Ibcb321 that fell into my lap, but I am holding this info for the time being. It's not a show stopper but maybe good for a rainy day. You better get some sleep. Sorry the PR good news did not get to you in time. But nothing is certain going forward.
What's your take on the news currently posted on the alfred little website about the buyout of a kiosk business? Many of the details don't seem to add up to me, and the news seems to be based on interviews mostly. Any guess on what caused the NYSE to pull the rug out from FAB, quickly it seems to me?
I was about to blast you again, but I see a sliver of humanity alive in your wretched soul with your comment about the leaking to Carnes. The word is advance notice, and I agree it looks like Carnes had it. I doubt this came from FAB though. The whole situation FAB was thrown into was completely a bad regulatory outcome. Leave FAB halted for news for 9 months and then not give FAB one 1 day to get the news out? Surreal!
Apple, just relax. FAB is fine. Things will sort out, there's nothing Carnes has posted that makes me think otherwise. FAB made mistakes, mostly Zhang, and you have to give them some lead way for how this has played out since it's a first for them, but for the most part things are looking up to me (tons of news on their Chinese website).
13M shares just got knocked off the share count and the FAB that emerges from all this will be stronger.
I am curious as to how Carnes and his wife are getting their info so quickly. Do you think it's a news feed or, to use your word, something more nefarious?
or more? a frenzy of trading, shorts covering etc....the only thing I can think of is most holders of FAB may not have known it started trading today.
You are an idiot. Yes, Joe had it right not you. What do you not understand about the word "summary"?
I have to laugh at Ibcb321 and his Grand Canyon ego and pea brain. Does he understand what the word "summary" means? He's actually hanging on every word of the summary for his financial analysis and making his argument with the summary language. You can't do that with a summary.
Apple, Ibcb321 is hanging around because he's not who he says he is.
not sure if FTI and Loeb are lying, but it appears no one is taking them very seriously.....otherwise, don't you think this should be trading higher and a lot more.....and the whole NYSE delisting thing is beyond strange......what exactly are they talking about.....I forget the words that were used but the NYSE said something like it was to protect shareholders or something like that? Protect them from what......not being able to buy or sell.....this seems to still stink for some reason or another......whatever, I'm just an innocent bystander there observing how this bizarre situation continues to play out.....
but stock is delisted and trading on grey market for a $1??????? Anyone care to explain this?????
Does this mean "WE DON'T BELIEVE YOU"?????
Whats the deal with the NYSE? Delisting and suspending trading.....seems a little harsh don't it???
Ok, I will say this....at least they took some kind of action on this UNLIKE ABAT....ABAT IS STILL TRADING???? UNFCKINGBELIEVABLE
" A real forensic audit involves direct bank confirmations on different dates to prove the veracity of claimed cash."
First off, FTI and the kids Carnes hired are worlds apart. This would not be their first rodeo in China and the complete report was not released, just a few sentence summary.
But face it, no matter what they stated the short position HAS TO BE THE CASH IS FAKE, because if it's not all their other charges fall apart.
Can't wait to hear about those 10 employees in China Carnes interviewed. Maybe that will come out tomorrow.
Why they have show the video of $100 Million cash in a bank? Is this mandated by SEC? I believe they have 100 million in cash and share should trade at $5. I am going to keep my 2300 shares for some time.
Think about how an auditor would verify your own bank account balance. Would they go to the bank and ask to see the cash with your name on it ? That's just silly.