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FAB Universal Corp. Common Stoc Message Board

lbcb321 248 posts  |  Last Activity: 4 hours ago Member since: Jun 4, 2010
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  • Reply to

    The "END" is NOT near!!

    by acacles Mar 4, 2015 8:39 AM
    lbcb321 lbcb321 Mar 5, 2015 8:30 AM Flag

    Streakers of the world repent... your end is in sight!

  • Reply to

    SEC Activity on 4 March

    by china_s2 Mar 4, 2015 2:57 PM
    lbcb321 lbcb321 Mar 5, 2015 8:28 AM Flag

    =That is a mischaracterization of what happened

    The poster-child for the delusional returns to talk nonsense. That is EXACTLY what happened. Here is the exact text from the 8-K from 11/21/2011:

    "The notice states that, unless the Company files an appeal of the Staff’s determination, trading in the Company’s common stock will be suspended at the opening of business on November 30, 2011 and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the common stock from listing on the NASDAQ Stock Market.

    The Company has not yet determined the action it will take in response to the notice from The NASDAQ Stock Market."

    All they had to do was appeal and get a 6 month extension like all the other companies do. At the end of 6 months, they almost always get a second 6 month extension. It was 100% under ABAT's control whether or not they allowed their NASDAQ listing to go poof. They threw the shareholders under the bus.

    So, josephfrank... if Andrew mischaracterized what happened... let's hear your interpretation.

  • lbcb321 lbcb321 Mar 4, 2015 8:29 AM Flag

    twisty... that doesn't answer why you lied about what is on the ABAT website. Why are you trying to con people into believing ABAT had announced plans to upgrade Dongguan in the second quarter of this year?

    They said no such thing. They have no plan and the only thing they announced was shutting down Dongguan for the first half of the year.

    This is simply not how business is done. You are eventually going to hear how Dongguan was lost to foreclosure or something like that. Nobody shuts down what was supposedly a profitable factory for at least 6 months with no plan what to do with it. It is more like a cover story for creditors selling off the equipment.

    27 days now to file 14 different 10-Q and 10-K reports. Even less business days. So, twisty, do you REALLY believe an audited financial report can be completed every other day through the end of the month?

    LMAO!

    The jig is up.

  • lbcb321 lbcb321 Mar 3, 2015 12:17 PM Flag

    twisty wouldn't be LYING to you again now would he?

    "ABAT has announced production equipment upgrade 2nd quarter 2015"

    Where does it say this, twisty? I google that entire sentence and it only exists in your post. Sounds like the whole Foo Entrepeneur of the Year Award sham again. Here is what ABAT actually said which is MUCH different:

    "1, Since January 1, 2015 and ends on June 30, 2015, suspend production."

    They have not "ANNOUNCED" as you claim an "equipment upgrade 2nd quarter 2015". In fact, they said Dongguan would be shut down for the ENTIRE first half of the year.

    "is expected to put into operation in the second half of 2015."

    The "plan" which they do not yet have is EXPECTED to be put into operation in the second half of 2015. Now why would twisty tell you they have already ANNOUNCED (past tense) an upgrade for the 2nd quarter of 2015 when ABAT told you something completely different?

    Care to comment on your most recent lies, twisty? Want to know why I stick around to torment you with the TRUTH? Not one of you is "innocent" as not one of you will call out those who continually spew lies and misinformation in an attempt to con others. So who is going to call out twisty for his most recent lies? Is what he posted actually what ABAT stated?

    "Paritz & Company, P. A. are charged with the update via their two person verification team."

    Another LIE. ABAT never made any mention of a "two person verification team". twisty made that up. Come on, twisty... where does it say this on the ABAT website as you claim?

  • Reply to

    Volume

    by tbeau2 Mar 2, 2015 6:17 PM
    lbcb321 lbcb321 Mar 3, 2015 8:19 AM Flag

    =they firmly believe the stock will go up after the release of the financial reports.

    OMG! You are still sticking with the premise they are now going to release 14 different 10-Q and 10-K reports in the next 28 days? You do realize that is one every other day for the next 4 weeks. At what point do you admit this isn't going to happen?

    Are you really going to be giddy on March 30th because you JUST KNOW they are filing all 14 reports the next day?

    You really need to take a step back and be honest with yourself. Did you bother contacting Paritz and asking them if they have begun any audits for ABAT? What was their reply?

    =I will like to learn your opinion of this low volume.

    That is an easy one. No MM will hold this stock in inventory. They are only matching buyers and sellers which is why it is so difficult to match orders. If you don't place a limit order... you will fill at 25 cents like we have seen many times the past few weeks. MMs know this is ripe for being suspended/revoked and you will pay dearly for them to take the risk and buy your shares. Another reason for the low volume is the most clueless people own it. They don't understand Bid and Ask and can't comprehend there is a 20% spread to sell now. They see .42 print and can't figure out why their limit sell order for .41 won't fill. It took .35 and .36 to sell yesterday. Just because one of the manipulators bought 100 shares late in the day for .39 doesn't mean you can sell close to there. The clueless will follow this down penny by penny instead of placing a limit order that can actually fill. Might still be able to get .35 for moderate volume, but it will take .20s to sell higher volume.

  • Reply to

    Fife Dumped NINE MILLION Shares!

    by lbcb321 Feb 23, 2015 3:44 PM
    lbcb321 lbcb321 Mar 2, 2015 1:05 PM Flag

    The big question is what happened to those 9 million shares? There isn't a new filing from anybody showing they are a new 5% holder. That makes me think that Fife might have wised up on the tax implications for his deal selling the old Helix assets to Sauer. He would have a huge tax liability and worthless shares he couldn't dump. Perhaps he declared the deal void and "gave back" the shares from the Helix deal while he still had time to file an Amended tax return.

    That is what I would have done. I got burned many years ago when I took some Rule 144 shares as payment for some consulting work. Even though I couldn't sell the shares, I had to pay taxes on the value of the shares when they were issued. The shares tanked before I could legally sell them, yet I still had a huge tax bill. Go figure. That would be an amateur move for someone as experienced as Fife to get caught like that.

    This is the accident you just can't turn away from. Now we are all watching to see who the fatalities are and glimpse the gory corpses as we go by.

  • lbcb321 lbcb321 Mar 1, 2015 10:00 PM Flag

    More lies from twisty. Paritz & Company was NOT retained in March of 2015. There is no March 2015 update.

    LMAO! twisty thinks if Paritz has some employees with Asian sounding names then they must be working with ABAT. Quite the stereotype, huh? Come on, twisty... you STILL think it is even a remote possibility much less probability that ABAT can file 14 different 10Q and 10K reports in 30 days?

    WOW... delusional isn't the word for it.

  • Reply to

    SEC DEREGISTERATION OR SUSPENSION

    by fu_lied Feb 27, 2015 8:51 PM
    lbcb321 lbcb321 Mar 1, 2015 9:40 AM Flag

    =don't you think ethically and morally speaking the SEC should come up with a better way to protect shareholders than to simply deregister a company.

    No. That is not their role. It is up to the courts to hold the companies accountable for transgressions. It is up to the SEC to protect the public and not allow tainted shares to be dumped to unsuspecting investors. The problem is the SEC acts in an arbitrary and capricious manner. They need to enforce their own rules and not allow scams to continue for years.

    Miss one filing and have your symbol appended so the public knows you are delinquent. Hey, things happen. You are on the clock to correct the delinquency. Once you miss your second consecutive filing your stock is halted. No more manipulation where trading occurs on nonpublic information. You aren't deregistered at this point, just halted. There is still time for the company to come back into compliance. Once you are delinquent with your second consecutive annual report, you are deregistered. Make it simple and companies would know where they stand and investors wouldn't put money into shady operations.

    I have told you over and over that judges and the SEC do not care about current shareholders. Judges only care about the interests of those in the Class Period for the applicable lawsuit. Those who hold after a company is exposed have their own greedy reasons and let the bottom-fishers beware. You should not be allowed to pawn your worthless shares off on others. The SEC needs to do their job of regulating. They fail miserably and the only way scams like Madoff and ABAT can go on for years after they are exposed is when corruption is rampant and people are being paid off.

    None of you get it. As current shareholders you are asking the civil judges and SEC to help you and that is not their role. You need to file your petitions in the state where the company is chartered if you want to avail yourselves of the many options available to CURRENT shareholders.

  • Reply to

    SEC DEREGISTERATION OR SUSPENSION

    by fu_lied Feb 27, 2015 8:51 PM
    lbcb321 lbcb321 Feb 28, 2015 1:29 PM Flag

    =I am sure the SEC is aware of the circumstances why ABAT has not filed and will accomodate them until the filings are made.

    What makes you SURE of this when you have seen the official position of the SEC in a brief filed in the CBEH case?

    "Even if China Integrated should get all of its delinquent filings submitted before this Court rules on summary disposition, the respondent's securities registration should still be revoked based on its violations of the Exchange Act. In Absolute Potential, Inc., the Commission revoked the registration of the delinquent issuer despite the fact that it became current during summary disposition briefing. It is necessary to deter Absolute and other issuers from disregarding their obligations to present accurate and timely information to the investing public until spurred by the institution of proceedings. Deterrence is meaningful only if a lengthy delinquency, in the absence of strongly compelling circumstances regarding the other Gateway factors, results in revocation."

    ABAT has been delinquent longer than CBEH. According to SEC guidelines they WILL be revoked regardless if they ever file again or not. Just a matter of time. Gee, who should we believe... the delusional ballsy who is SURE the SEC will not act or an official brief from the SEC stating the reasons for violating the law do not matter and a delinquent company needs to be revoked as a deterrent to other companies breaking the law.

    So, ballsy, are you going to pay all these people what they lost when the SEC suspends/revokes ABAT and they get NOTHING instead of around 40 cents? After all... you are SURE the SEC will not act.

    =I have no interest in calling the Sec number you posted.

    Of course you don't. The delusional never like to be confronted with the truth. Ignorance is bliss.

  • Reply to

    SEC DEREGISTERATION OR SUSPENSION

    by fu_lied Feb 27, 2015 8:51 PM
    lbcb321 lbcb321 Feb 28, 2015 1:22 PM Flag

    =Those companies that were suspended (NOT ALL CHINESE) were all trading for fractions of cents for some time or not trading at all.

    CFMI traded as high as $6 in August of 2011 after ABAT tanked for good.

    STEN traded as high #$%$ just last September.

    QSND was only as high as $1.01 in the last 5 years. This is the old "Archer" if you remember that brand name. That was a legitimate company for many years that couldn't adapt.

    AGMC traded as high #$%$ in September of 2011 after ABAT cratered.

    WNEA was "only" as high as .17 in the last 5 years trading over 136,000 shares on that day.

    ZYCI was as high as $4.10 since ABAT quit filing.

    SLVA was as high as $4.55 and $4 less than two years ago.

    CHPI was as high as .70 in the past 5 years.

    I guess by your own standards your statement would be a LIE:

    "all trading for fractions of cents for some time or not trading at all."

    Your use of the word "all" makes your statement a LIE by your criteria. These stocks were not ALL trading for "fractions of cents" or "not trading at all".

    I'll prove your other comment is pure delusion in the next post.

  • Reply to

    SEC DEREGISTERATION OR SUSPENSION

    by fu_lied Feb 27, 2015 8:51 PM
    lbcb321 lbcb321 Feb 28, 2015 11:21 AM Flag

    How telling that ballsy has to zoom in on where the companies are from instead of what is important... the FACT that each of these companies is being suspended for delinquent reports and most have been delinquent for less time than ABAT.

    Take a moment to call or email the SEC and ask them how a proven fraud that has been delinquent since 2011 is still trading while other companies are being suspended:

    Delinquent Filings Group of the Division of Enforcement at (202) 551-5466, or by e-mail at DelinquentFilings@sec.gov.

    Agent155 Media Corp. because it has not filed any periodic reports since the period ended September 30, 2011.

    China Pharmaceuticals, Inc. because it has not filed any periodic reports since the period ended June 30, 2012.

    China Printing & Packaging, Inc. because it has not filed any periodic reports since the period ended June
    30, 2012.

    Silvan Industries, Inc. because it has not filed any periodic reports since the period ended December 31, 2011.

    Ziyang Ceramics Corp. because it has not filed any periodic reports since the period ended June 30, 2012.

    Defense Industries International, Inc. because it has not filed any periodic reports since the period ended September 30, 2011.

    EvCarCo, Inc. because it has not filed any periodic reports since the period ended September 30, 2012.

    Island Breeze International, Inc. because it has not filed any periodic reports since the period ended September 30, 2012.

    Each of these companies and many more have suspended while being delinquent for less time than ABAT. Ask them why:

    Delinquent Filings Group of the Division of Enforcement at (202) 551-5466, or by e-mail at DelinquentFilings@sec.gov.

  • Reply to

    BOYCOTT CHINA Never buy anything made in China

    by lbcbi321 Feb 28, 2015 6:08 AM
    lbcb321 lbcb321 Feb 28, 2015 9:05 AM Flag

    Yet another spoof alias of mine. How childish.

  • Reply to

    It is a day trader dream

    by eldeebfamily10 Feb 27, 2015 11:51 AM
    lbcb321 lbcb321 Feb 27, 2015 2:25 PM Flag

    So what you are saying is you believe somebody BOUGHT for .3835 and turned around 10 minutes later and SOLD for .4248? Incredible that after about 100 lessons on Bid and Ask over the years, you still don't get it. Here is an example for you:

    Let's use cars. When you go to the Kelly Blue Book website you can look up the trade-in value of a car as well as the price you would expect to pay from a dealer. Think of the trade-in value as the Bid and the dealer price as the Ask. What you are proposing with your scenario is you believe you can go to one dealer and buy a car from them for what they would give someone for a trade-in value and then go down the street 10 minutes later and sell that dealer the same car for what the dealer would charge somebody. It ain't happenin'.

    When you get confused about Bid and Ask, just remember the car reference. You don't get full price when you sell your "used" shares and you have to pay a premium when you buy "new" shares.

    You're welcome.

  • Reply to

    let it snow

    by qdog91111 Feb 24, 2015 6:54 PM
    lbcb321 lbcb321 Feb 27, 2015 8:29 AM Flag

    =I got my money in nice cars

    Hot Wheels or Matchbox?

  • Reply to

    Very Shady

    by darwin.charleston Feb 25, 2015 9:21 AM
    lbcb321 lbcb321 Feb 27, 2015 8:25 AM Flag

    =How many times on this message board, you and others claimed that ABAT as stand now on the pink sheet "do not have any legal obligation to report to the SEC

    Step away from the crack pipe!

    You are utter and complete dolts. You have been shown the proof many times over the years that being on the OTC Pink is IRRELEVANT to their SEC REQUIREMENTS. Just go to sec.gov and look at the enforcement actions. You will see many OTC Pink stocks that are being revoked for being delinquent in their filings. That is PROOF that being on the OTC Pink does not absolve you of your SEC filing requirements.

    Seriously, how can you see the proof dozens of times over the years you have been here and still make such an absolutely stupid statement? Bisschen Sie verruckt?

  • Reply to

    let it snow

    by qdog91111 Feb 24, 2015 6:54 PM
    lbcb321 lbcb321 Feb 26, 2015 3:50 PM Flag

    qdog must have really been devastated by this one. He still can't let it go and keeps checking in for any glimmer of hope he can get a few dollars out of his position here.

    You have seen the proof many times taken from his own posts where he got caught at the halt with all his shares. Then he sold for a big loss when trading resumed. He just couldn't let it go. He loaded up again at .80 with dreams he could recover his losses. Now he thinks, "I am down too far to sell" and he will ride it out until they are deregistered by the SEC and his shares go POOF.

    I continue to have empathy for the good people who were hurt, but there are no more innocent bystanders as you had all the proof you needed for a long time. Those who got greedy got burned. You could have still recovered a good chunk if you heeded the warnings.

    Really? Nobody has filed in Colorado to force an Annual Shareholder Meeting so they can elect their own slate of directors and oust Spencer and Busshaus before they siphon off the rest of the cash?

  • Reply to

    Very Shady

    by darwin.charleston Feb 25, 2015 9:21 AM
    lbcb321 lbcb321 Feb 26, 2015 3:20 PM Flag

    =but then they had an additional 3 months BEFORE they went delinquent in filing, where they COULD HAVE LEGALLY bought back shares

    Yawn... once more you are completely wrong. If they bought back shares and did not report them it would be ILLEGAL. Some highlights for the clueless who STILL can't comprehend this:

    "In addition, a company may not make any share repurchases (or establish a plan under Rule 10b5-1 to do so
    in the future (as described below)) at a time when the company possesses material non-public information."

    It would be illegal for ABAT to even ESTABLISH a plan while dark so that PR was a joke and any professional IR firm (Crescendo Communications) knows that what they were reporting was illegal activity making them accessories to fraud.

    "For example, under Delaware law and the law of other states, directors may have personal liability for an unlawful share repurchase."

    McFadden was still director until February of 2012. He certainly would have been no part of share repurchases that didn't get reported. He is a US citizen and would be personally liable for such illegal activity.

    "Item 703 of Regulation S-K requires that, for all issuer repurchases of equity securities (whether an
    open market or private transaction), the company must disclose in its next periodic report the following
    information, in tabular form, for each month of the preceding fiscal quarter:4
    • the total number of shares purchased;
    • the average price paid per share
    • the number of shares purchased as part of a publicly announced program; and
    • the maximum number of shares (or approximate dollar value) that may yet be repurchased under
    the program.

    "A company is the “ultimate” insider and therefore, concerns about purchasing shares while in possession
    of material non-public information are magnified. If any director, officer or employee of the
    company is in possession of material, non-public information about the company, the company should
    not be repurchasing shares."

  • Reply to

    Very Shady

    by darwin.charleston Feb 25, 2015 9:21 AM
    lbcb321 lbcb321 Feb 26, 2015 1:12 PM Flag

    = I hope the SEC does not deregister ABAT

    Of course you don't. It is time for twisty to bring out his bashing aliases. Now that he has sold out, he needs to replenish his shares at low prices in preparation for the next pump & dump campaign. The longs here who have been paying attention are on to twisty... they just remain curiously silent.

    Isn't it funny how I called it that over 400K shares would trade on that day when twisty was pumping for all he was worth with more lies and information and now that the dumping is done... twisty has disappeared again and his bashing aliases are out to tell you how bad ABAT is? Of course they don't want it deregistered. They couldn't pay you for fools again if it went poof.

    When are you going to wise up?

  • Reply to

    Very Shady

    by darwin.charleston Feb 25, 2015 9:21 AM
    lbcb321 lbcb321 Feb 26, 2015 8:24 AM Flag

    =I also believe the buyback was done under previous announcement.

    Even though you have shown the proof of how many shares were repurchased under the old announcement? You can verify this yourself from their last filing, but that wouldn't be any fun. You would rather spew nonsense that you can't back up even though you have been shown the PROOF many times.

    "In July 2011, the Company repurchased 89,400 shares of its common stock"

    twisty kept claiming it was millions of shares, but anybody can verify this line from their last filing. It was only 89,400 shares. Once they were delinquent in filings the number went to zero.

    =ABAT has not announced how many shares were bought.

    Of course they did. It was 89,400. How many times have you seen the proof of this now? Wow, you are one of the stupidest here to not be able to verify anything for yourself. What do you gain by spreading the same nonsense when anybody can verify how clueless you are?

    =This will all come out in the open within the next four weeks.

    Would you like to take the bet? I will put up one million dollars against your shares that they do not come current with the SEC by March 31, 2015. It really is incredible anybody thinks they can come up with 14 audited 10-Q and 10-K reports in 33 days.

  • Reply to

    Very Shady

    by darwin.charleston Feb 25, 2015 9:21 AM
    lbcb321 lbcb321 Feb 26, 2015 8:15 AM Flag

    = I would love to see them buy back at depressed levels.

    Gee, that would be a great thing if every public company could quit filing financial information after raising over $100M and buy back their stock for pennies after destroying all shareholder value and dashing the dreams of those who paid in the $100M. What a great precedent that would be. Of course... if it were legal it would utterly DESTROY our markets. Oh wait... it IS illegal. therealfacts and all his other aliases are the only ones that still don't comprehend that.

FU
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