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FAB Universal AO Common Stoc Message Board

  • djt1223 djt1223 May 2, 2014 5:01 PM Flag

    New 8-K: Requets an Oral Hearing from NYSE

    PRESS RELEASE DATED MAY 2, 2014

    Exhibit 99.1

    FAB Universal Receives Notice of Intention to Commence Delisting Proceedings From NYSE MKT

    PITTSBURGH, PA. May 2, 2014 — FAB Universal (NYSE MKT: #$%$), a worldwide distributor of digital media and entertainment, announced on April 28, 2014 that it had received notice from NYSE MKT LLC that, indicating that the staff of NYSE MKT (the “Staff”) intends to strike the common stock of the Company from listing on the NYSE MKT by filing a delisting application with the U.S. Securities & Exchange Commission (the “SEC”) pursuant to Section 1009(d) of the NYSE MKT’s Company Guide.

    The Company has requested an oral hearing before an Exchange Listing Qualifications Panel to appeal the Staff’s determination.

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    • Hey guys, sounds good,right?

    • It's not a big deal, it's part of the process.

      FAB will pay 10K and get a hearing in about 6 weeks.

      They'll need to present the results of the Loeb report and the their 10K or the NYSE
      will delist them.

      FAB knows this, as does Loeb (this is their specialty).

      The time frame matches up with the 3.5 months Loeb normally takes to finish a
      report.

      If FAB presents the Loeb forensics audit and their 10K FAB will not only stay listed they'll start
      trading again.

      Sentiment: Hold

      • 2 Replies to joebigbuck
      • citizenjc@ymail.com citizenjc May 3, 2014 11:14 AM Flag

        Joe, companies never win appeals to the listings panel. FAB is just delaying the inevitable to insiders can lend their stock to shorts for another 45 days or so at 50% APR.

        Sentiment: Strong Sell

      • =It's not a big deal, it's part of the process.

        LOL! You're spinning so hard I'm surprised you haven't screwed yourself into the ground by now.

        At least we have confirmed you have some affiliation with FAB or one of the companies representing them. They received notice on April 28th and you knew it before it was announced publicly.

        "It's going to be 6 more weeks before this opens." was your quote a few days ago.

        You obviously are receiving information from somewhere to say this so definitively after FAB received the news and before they made it public today. Whether you are an insider or some insider is illegally feeding you nonpublic information... you had better be careful. Eyes are everywhere. Spare us the drama of I'm an idiot for pointing out the obvious.

        =FAB will pay 10K and get a hearing in about 6 weeks.

        Thanks for the great example proving my point that these extensions are not done in the spirit of the rules and are just a money-making shakedown for the exchanges.

        By the way... I was wrong in that FAB would get the automatic extension. When it didn't happen immediately it became a toss-up, but I still thought it would happen. Looks like the SEC finally got the attention of the NYSE and they aren't rubber-stamping companies violating SEC rules. Democrats are running scared and they might resort to attacking Wall Street before the midterms to show how they support the little guy... snicker. Both parties are in bed with Wall Street to fleece the retail investor. Dems are looking for a little hush money now to back off, but there will still be a show of "concern" before the midterms is my guess.

        FAB still allowed to stall and play games to the detriment of shareholders who have their money held hostage. Hope there are criminal charges coming out of this along with the civil ramifications. At least steal the money and be upfront about it so people can move on. Taking people's money hostage is the lowest, most pathetic no-class way to run a business.

 
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