75% decline. Focus on the reality that you bring huge losses to anyone who listens to you.
its lost about 75% of its value in short order and they issue shares like they are worthless. its being illegally pumped & dumped. Id say its a scam or pump & dump personified.
Id wager Sitra ends up in prison.
45 MINUTES FINALIZED FOR MULTIPLE EVENTS 07/10/2015 09:30:00 AM. 07/10/2015 1 pages
44 ORDER TO SHOW CAUSE RE: DISMISSAL CONTINUED TO 10/09/2015 AT 09:30 AM IN THIS DEPARTMENT. 07/10/2015 NV
43 CASE MANAGEMENT CONFERENCE CONTINUED TO 10/09/2015 AT 09:30 AM IN THIS DEPARTMENT. 07/10/2015 NV
42 ORDER TO SHOW CAUSE RE: DISMISSAL SCHEDULED FOR 10/09/2015 AT 09:30:00 AM IN C15 AT CENTRAL JUSTICE CENTER. 07/10/2015 NV
41 CASE MANAGEMENT CONFERENCE SCHEDULED FOR 10/09/2015 AT 09:30:00 AM IN C15 AT CENTRAL JUSTICE CENTER. 07/10/2015 NV
I believe the ambulance chaser, hi john, is just delaying the inevitable dismissal.
Filing a claim that is ultimately deemed frivolous can be highly damaging to the attorney so filing.
I encourage you to ignore my warnings and buy more BLGO.
I want you to lose money. I just don't want scammers to get it.
99% + of people who have bought BLGO in the open market over the last 13 years have lost money or have paper losses.
You may be in denial. Fine. Show me. Buy more. Nobody else is.
Ive seen a lot of these over nearly 30 years. I went back to another recent one and it said "In accordance with the rules of the SEC, we may increase the number of shares accepted in the tender offer by no more than 2% of the outstanding shares without amending or extending the tender offer. "
It seems the extra 2% (of the outstanding shares) is just a benchmark or SEC rule allowing a company the option but not the requirement to buy more. (Without amending or extending the offer)
In the other tender that I looked up, they announced the pro-rata tender % when it was over. BH didn't.
But, in this case there was no odd lot preference so it should be an exact tender % for everyone.
I would imagine the depository rounds it and then each broker is then supposed to do it fairly. Maybe fidelity mucked it up.
They haven't censored, intimidated or silenced me in 10 months and they wont because they have no chance of winning.
Not only do they have jurisdiction issues, the ANTI-SLAPP will stop them quick. If it even comes to that. It might be dismissed today.
A strategic lawsuit against public participation (SLAPP) is a lawsuit that is intended to censor, intimidate, and silence critics by burdening them with the cost of a legal defense until they abandon their criticism or opposition.
Based on a preliminary count, the total number of Shares tendered in the Offer was 620,679 Shares, including Shares tendered pursuant to the guaranteed delivery procedure described in the Offer documents. These preliminary results indicate the Offer was oversubscribed. Pursuant to the terms of the Offer, the Lion Fund II elected to increase the number of Shares accepted for payment by 41,312 or 2% of the outstanding Shares. The number of Shares that the Lion Fund II will purchase from each tendering shareholder will be prorated so that the Lion Fund II will purchase a total of 616,312 Shares. The number of Shares expected to be purchased by the Lion Fund II is preliminary and subject to final confirmation.
Pg 4 &5 say the pro-ration factor will be determined by the depository.
So many this is a Fidelity issue and Fidelity isn't doing it correctly ?
If the 620,679 preliminary count was incorrect and understated, they should have corrected it by now. The 616.312 shares were purchased.
its 2% of the total sharecount, not just the 575k.
The Lion Fund II elected to increase the number of shares accepted for payment by 41,312 or 2% of the outstanding shares of Biglari Holdings Inc. I think that's some kind of SEC rule.
I don't think the large holders are allowed any extra preference in tender offers. They are supposed to be equal. Pro-rata wise I mean.
The thing is the PR talks about the preliminary but then its not corrected with another PR.
So I would think the overall ratio should apply with rounding up or down for fractional shares.
one poster on SA said he had and tendered 1 share and it was returned.
seems like my one share tender got rejected.
And even if they somehow do serve you, the court would have no jurisdiction over you. And even if they somehow tricked you into giving the court jurisdiction, you can still use CA's anti-SLAPP provision. And even if you forgot to go that route, they'll never prove their case against you. In short, the only reason they are suing you is to attempt to deter others from attempting to set the record straight about the company. That's a strategy from the 90s that is doomed to failure, hefty fines, and possible jail time. Kinda funny when you take a moment to think about how absurd this makes Biolargo look, with almost zero upside.
My expectation is tommorows hearing will just kick the can down the road another 7-8 weeks.
Clearly it hasn't and wont stop me from telling the truth.
And no matter what you do, don't look up Johns name and ripoff report.
Id sure hate for John to cry.
John may have a court date tomorrow. Funny how he isn't suing the site that review was posted on.
The case may be thrown out because of his incompetence but we will see.
I know, you think that was me.
As for why Ive been here 13 years, LACI used to be one of my largest positions back before scamsters took it over, looted it of all assets and became a company designed around selling stock.
If you look at someones 13 year track record of losing money every single year and changing business models multiple times, reasonable people might wonder if it just might be the CEO.
But not you. You deny all evidence to the contrary.
Oh and if you want we can use YOUR time frame. You started posting June 23. 2014 and since then BLGO has went from 65-75 cents to 30 cents. Down 54%+.
But the heck with facts, you are going to get rich.
His only stock went from 12-13 cents to 3 cents since March 5th.
My IRA also declined during the same time frame. By 2.63%.
My regular account, which contains more cash was down by 1.43%.
So Im losing money during the same time period.
Its just that 1.43-2.63% is a good bit less than 75+%.
Why is your scam company suing me ?
Why has the stock lost 99% of its value over the last 13 years ?
if im getting paid to cause selling, Im pretty good at my job.
But I am not. Getting paid. Wish I was.
And he thinks its MY fault ???
253 posts | Last Activity: 16 minutes ago
Member since: Mar 5, 2015
not if the announced figures are correct.
if the stock was 405 I would be complaining.
im wondering if big could/would instruct transfer agents to leave people with 1 share ? Doesn't seem fair if so.
I weighed all available info and made my decision.
A few days trading does not tell me it was right or wrong. Longer term will.
The reality is after this year there will be annual below market rights offerings. And likely some kind of dual class of shares.
I would have kept more had I known Gabelli wasn't tendering but there was no way to know that.