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FAB Universal Corp. Common Stoc Message Board

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  • Reply to

    FAB Fighting back

    by running2fall Aug 12, 2014 9:05 PM

    volume still seems low. anyone know how many shares were owned by institutions prior to re-open? I thought they were obligated to sell.

  • Reply to

    How to manipulate Grey Market stocks

    by lbcb321 Aug 13, 2014 10:18 AM

    Ibcb321

    For some one who says they are not Carnes, you sure to whine a lot like Carnes and twist reality to suit your purposes not those of long shareholders. I am keeping my FAB shares and I like having trades on the grey market. Furthermore, there are no legal reason as you infer to move from it. You can fake those calls to FAB, and I am guessing you're doing that anyway. Other than being a natural born unscrupulous person, why are you still hanging around this MB?

  • Reply to

    This will trade at 30 cents

    by carprob03 Aug 13, 2014 10:06 AM

    I meant the 10-Q for the quarter ended March, 2014.

  • Reply to

    This will trade at 30 cents

    by carprob03 Aug 13, 2014 10:06 AM

    If you look at the 10-Q for the June, 2014 quarter you will see that the company is worth about $1.47 on a liquidation basis. Take Cash + A/R and back off Current and LTL. The company has 21 million shares outstanding so you arrive at $1.47 per share. I am down over 80% on this one and might add also if I had some spare cash.

  • Reply to

    How to manipulate Grey Market stocks

    by lbcb321 Aug 13, 2014 10:18 AM

    =After nine months what was another day or two delay to open this back up on the NYSE?

    It isn't just that. The comment was made here over and over that FAB was doing everything possible to begin trading as soon as possible. Not true. They could have put pressure on the NYSE. "Let us begin trading or we will go to the OTCQX until you decide what you are going to do with us." OTCQX and OTCQB are the higher tiers of the OTC and have reputable companies. NYSE wouldn't allow that and trading would resume. If they called their bluff... trading would have resumed on a reputable basis and they could have announced to shareholders how they were actually doing everything possible to help them.

    It is inexcusable how this played out for 9 months. It is even more inexcusable how they are allowing trading to continue on the Grey Market when it doesn't need to be there. They could put it on the OTCQX, OTCQB or even the OTC Pink immediately if they chose to do so. Shareholders should demand it. Tell Greg you don't appreciate this being on the Grey Market when it doesn't need to be:

    Contact:
    Greg Jakub
    412-621-0902

  • Reply to

    How to manipulate Grey Market stocks

    by lbcb321 Aug 13, 2014 10:18 AM

    Interesting insight on the process. Thank you.

  • Reply to

    How to manipulate Grey Market stocks

    by lbcb321 Aug 13, 2014 10:18 AM

    =Now, if you could explain how those large blocks of 120k shares transacted and were matched up I would appreciate any insight.

    Institutions and shorts communicating and doing deals. Institutions need to get rid of the shares they were stuck with and shorts made their profit and want to move on. Short calls Fund Manager Smith and says, "How would you like to get rid of your 120K shares?" Smith says, "GREAT!" Short enters Buy 120,000 FABU @ 1.15 All or None. Smith enters Sell 120,000 FABU @ 1.13 All or None. The orders are matched and you have two happy parties.

    I have no knowledge this actually occurred and it is an example for you of how it often works. I actually had a backup plan with an institutional holder that had a similar amount of shares as what I was short. If trading hadn't begun by the end of Q3 we were going to do a deal. I was going to escrow money to buy their shares. They were going to get their physical share certificates and send them to my broker to close my short position. Money in escrow would be released upon receipt of shares. The price we talked about was $1.50 so I am glad I got to cover under a buck.

  • Reply to

    How to manipulate Grey Market stocks

    by lbcb321 Aug 13, 2014 10:18 AM

    Ibcb321

    Oh, and excellent use of your other IDs today to make you appear to be a real authority on stocks. Your ego is like the Grand Canyon or the hole in a donut... you can never fill it up enough. This is a real character weakness.

  • Reply to

    How to manipulate Grey Market stocks

    by lbcb321 Aug 13, 2014 10:18 AM

    Ibcb321

    Thanks for the painting tip. But it looks like you are painting yourself into a corner. You used to only act crazy when expressing political or personal views. Now you act crazy with your trading and viewpoints on FAB. You are marginalizing yourself, dumbo....

    Truth

  • Reply to

    How to manipulate Grey Market stocks

    by lbcb321 Aug 13, 2014 10:18 AM

    Thank you for the explanation. Now, if you could explain how those large blocks of 120k shares transacted and were matched up I would appreciate any insight. Someone selling, someone obviously buying in large quantities. I agree about the grey market. Someone knew this was coming and could have stopped it if shareholders were being looked out for. After nine months what was another day or two delay to open this back up on the NYSE?

  • For your lesson today, I will teach you a trick the manipulators use on Grey Market and Unsolicited Quotation stocks. This is not limited to longs or shorts. The price may be manipulated to appear either low or high. It is called painting the tape and is highly illegal, but the feckless SEC does nothing to stop it even when presented with conclusive evidence it is occurring.

    I could make 50 cents print by entering orders from two different accounts:

    Buy 237 shares FABU Limit .60
    Sell 237 shares FABU Limit .50

    The specialist will match these orders, take their 10 cents in profit and you will see .50 print.

    Same on the high end:

    Buy 312 shares FABU Limit 1.50
    Sell 312 shares FABU Limit 1.40

    Specialist fills the order, takes their 10 cent cut and you see a high price print. Grey Market and Unsolicited Quotation stocks do not have a Bid and Ask from a Market Maker and this price manipulation happens all the time with them. Note the key is they enter the orders with oddball amounts so only their orders get matched.

    Once more, this is not from a long's or short's perspective. Don't fall for it if someone manipulates the price low to entice you to sell and don't fall for it if they manipulate the price high to make you think this is taking off. They did this yesterday and it went to $1.49 on low volume near the end of the day before heading back to its base of around a buck.

    Another impropriety from FAB. They qualify for OTCQX or OTCQB and are harming shareholders by allowing shares to trade on Grey Market where they are not getting best executions and price discovery. What would you expect from those who have shirked completely their fiduciary duties to SHAREHOLDERS.

  • =Your statement on your use of your Yahoo ID is very different from the previous one when you indicated any legal agency could find you if needed.

    Yes, I have covered that completely before. As usual... you can't counter the INFORMATION presented so you need to come up with your wild conspiracy theories to attack my credibility.

    Reply to
    SA out as of Monday on Yahoo?
    by joebigbuck •Jul 29, 2014 12:21 PM
    lbcb321 • Aug 3, 2014 11:55 AM Remove

    = But I will deliver an appropriate response at the appropriate time.

    I know... you have stated dozens of times you had all this great information you would share when you weren't so busy. Most of the time you say "in a day or two" or "before the weekend is over". You have never ONCE taken any of this important information of yours and shared it. What a buffoon to think everybody doesn't laugh at you.

    There are scripts out there that allow you to view the details (as submitted) of Yahoo users. I can assure you that what shows up in that search is not my real name or contact info. Perhaps you found one of these scripts and are now confused why you can't find any record of someone with that name or address... LOL! The IP address, though, may be obtained through a proper court order. I have no illusions of being unobtainable by law enforcement and I find it amazing you will so blatantly commit fraud and manipulate a listed security. I back up what I say under my one ID while you lie and deceive under your multiple aliases which is per se violations.

    I have always stated that anybody's identity can be tracked down through the IP address with a proper court order. You are making things up once again.

    =My sources come from other methods.

    LMAO! I know... you will reveal all when the time is right. You are certifiably nuts!

    =the truth is I know the Carnes gang quite well.

    You got me. I spent years making 20,000 posts on companies Carnes has never heard of just so I could pop up and post on a two-bit fraud.

    Seek help.

  • Reply to

    Investigation Completed

    by apple072458 Aug 12, 2014 4:42 PM

    oh thank you Carnes

  • Reply to

    Investigation Completed

    by apple072458 Aug 12, 2014 4:42 PM

    You people are unbelievable, open your eyes, they would not have been desisted if they were not a fraud they had 9 months to prove they weren't and couldn't instead of bashing Carnes because you were screwed by Fab management you should thank him they didn't take more of your money

  • Ibcb321

    As far as your identity. Your statement on your use of your Yahoo ID is very different from the previous one when you indicated any legal agency could find you if needed. So you're a liar again. Which is the lie... today or back then? My sources come from other methods. So you can tell the truth with you ID. the truth is I know the Carnes gang quite well.

  • Ibcb321

    I say you're twisting the facts and what is material and required is widely open to interpretation. Good answer for a surrogate of Carnes.

  • Joe,

    Read Ibcb's latest conclusion:

    "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."

    There is no way any knowledgeable and reasonable person could maintain this position. That's not what the facts say. Note the use of the word "perfectly". Carnes articles typically use these qualitative adverbs to provide spin. The truth is this new content on Carnes's site has been designed to provide a knockout punch. But the punch is in the headline and not the details. Typically Carnes articles have some basis in truth but then detour from it. Here the Carnes hope is that FAB has inappropriately bought another company not its kiosks. But there is no evidence for that except an allusion in an interview. But note how Ibcb321 races to plug the hole. It's not because he's an investor. It's because he's an employee or contractor of Carnes. That's what I believe.

  • Joe,

    I agree with your overall assessment of Carnes' new "reports". Carnes is an expert at lying and covering tracks. However, gradually, it's easy to view the truth in the larger body of work of his articles and comments on boards. It helps when he has to play around with non-current information. Then the risk of his lies being evident is greatly increased.

  • Joe,

    I agree with your assessment of who hangs around the message board. I would also add that I believe again Ibcb321 is not his cover of the Wisconsin-based gardening and golf-playing facts-based charity-giving separate from Carnes poster. I believe he is in tight, very tight, with the Carnes gang.

  • News feed.
    I suspect we'll know if Carnes covered today by whether his wife shows up posting again.
    Most people don't hang around message board without a vested interest unless they need their
    egos stroked or they want their pound of flesh from a losing trade.

FU
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