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FAB Universal Corp. Common Stoc Message Board

  • endo133 endo133 Aug 12, 2014 2:25 PM Flag

    Maybe They Are Buying Back Their Own Stock Cheap

    It could happen.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • =It could happen.

      Nope. That would be considered illegal insider trading on nonpublic information. They have WAY too much nonpublic information to even begin being legal to do a buyback. Heck, they don't even have enough class to disseminate news of the delisting letter from NYSE.

      The BOD needs to immediately transfer all cash into accounts THEY control and Zhang can't touch. They need to terminate Spencer, Busshaus and Zhang immediately. They need to take action to unwind the deal citing fraud and go back to the Wizzard assets. At least there will be something for shareholders instead of nothing.

      • 1 Reply to lbcb321
      • " Heck, they don't even have enough class to disseminate news of the delisting letter from NYSE."

        Because they haven't been delisted.

        "While trading will remain suspended on the NYSE MKT and continue in the over-the-counter market, the Company’s common stock will remain “listed” on the NYSE MKT until the conclusion of the NYSE MKT appeal process. "

        While you yap in absolutes I really thought this process was very odd from yesterday onward.

        So you were wrong about that.

        As for the short squeeze, I was right again and you were wrong. The low of the day to the high was about 700%. I think that qualifies as a squeeze.

        You were lucky it played out like this, that is all. Doesn't matter to me, I want everyone legit to make money. Carnes is not legit, he cheats, lies and steals to make money.

        You lie, but out of ignorance. Your personality seems to force you to yap in absolutes, even when you have no clue what you're talking about. There is no trader on the planet that can make money with your traits.

        In spite of my best efforts I now have about 10X the shares I had previous to today.

        I'm not happy about it either (money has never has motivated me, but I"m about to make a very large sum here).

 
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