ok, read somethings from the most recent 10Q would seem to suggest that this idea of prepaid license fee is not a viable explanation imho.....
since it reads as follows....
FAB has deployed in excess of 16,000 kiosks through our licensing program. Most of the kiosks are located in high-traffic areas, such as, office buildings, shopping malls, and retail stores. Revenue is generated by selling pre-paid membership cards, charging licensing fees and providing advertising.
my bad....the verbiage here would suggest imho that kiosks have been deployed already.....so sadly, imho, things don't look good here.....GL2A....especially longs imho....
so, if the kiosks are raking in the cash, then what is?????
come out with an article downgrading this, then we know the score....same thing happened at Heinz....about a week or so before the announcement, one of these clowns posted an article saying it was downgrading Heinz....the artiicle had some effect, but not much.....if this happens here....then we know what could possibly happen......I think the negative article was issued to allow the some people to buy in at a lower cost...I believe it remained above the $50 mark even with the negative article......anyway....time will tell if they is just a pump and dump or if there is any truth to this stuff.... :D
well, yes and no to your final points....I realize its seems unbelievable, but don't you think its possible that lazy execs could have just relied on their Chinese partners words rather than actually GO to China to verify that all things were proceeding as planned......I have seen some crazy things in my life, but I could believe that these people wanted no part in traveling to China and if they did, they did little or no leg work since, well...they are "executives"....and that kind of work is left to the worker bees....of course, I speak from ignorance since I have no idea what kind of internal audit department they have if any.....and what controls they have in place to monitor what was going on in China......did they deceive their investors or did they unwittingly deceive themselves.....either way, it is gross negligence at the very least on someone's part which does carry criminal charges to say the least......this is going to be interesting to see how this all plays out....
no doubt......but does this behavior not warrant some type of criminal prosecution then? Do you think people just blatantly commit fraud like this without thinking or worrying about the repercussions?.....I think, if anything, if the company is guilty, they are guilty of trusting the individuals they were relying on to do business with in China.....and I suppose awfully gullible in believing the reported numbers?.....I'll take a gander at the balance sheet.....it certainly is possible, but I would think that if this is the case these people should be facing a fate equivalent to what happened to the people at Enron and Adelphia......it cannot be acceptable behavior to just openly deceive the investing public like this......the company has stated it has "internal" control issues.......perhaps they need to engage a fab 4 accounting firm to testify to their numbers......keep in mind, the people "running" this company are located in America and are Americans......unlike some of the other questionable Chinese companies.....I suppose this could be an example of how "they" (Chinese) are back dooring the process now....rather than list their own company, manipulate and deceived an American run company......if so,....WOW!....how much can greed blind business execs?
ummmmm.....give what up? Intelligent discussion......I can see you have given up that since birth... : D
LOL.....what everyone else has to pay silly goose.....if everyone paid the same rate then the rate would go down and wouldn't be so burdensome to the people who aren't making a lot of money......your argument of what is "fair" is specious....the only thing that is "fair" is that everyone pays at the SAME RATE.....billionaires and billion $ revenue companys should have to pay taxes at the same rate of a person who makes $50k a year....how hard is that....sadly, regardless of who gets into office, this will never change...DUHHH? Wonder why? Don't, they are all controlled by the elite 1% that want everyone else to pay their way instead of paying their (fair) share.....if you wish to support these people and their agenda....be my guest as you only show your stupidity and ignorance in doing so..... : D
agree to some degree on your point here.......
I'm not invested here nor am I short....this is just something that caught my eye like ABAT that now has drama to it........so I'm not inclined to do a lot of DD as yourself....however, my past experience with you is that you do a very detailed research on the facts, or at least what is presented as the facts from independent sources.......so I appreciate your comments and reply on the subject matter...although I do realize you have a short position here...no prob...
now, the 3954 kiosks in Bejing number is a bit troubling if it hasn't changed over a 2 year period and the inability of AL investigators and the company itself's inability to identify the location of these kiosks......
however, I'm still wondering if they collect the licensee fee's upfront before they build the kiosks...I would think that would be the case imho and use the money to build the kiosks.....which, could be understandable why kiosks are not showing up in the numbers compared to the licenses sold...but of course, the question then becomes, how long does it take to build one of these kiosks??? and shouldn't you have pre-built many of them as I would think the licensee would want it up and running post haste in order to make money???
finally, no emphasis is being put on the validity of the cash position due to the location of the cash, which appears to be in Chinese banks since imho that would be the only reason why no credibility is being given to it..... since if it were in an American bank I don't think it would be too troubling to verify its authenticity.....but lets say the cash in the bank is.....valid even in China? Where is that money coming from? or I suppose that is the point...it can't be valid because there are no kiosks, at least not in the number that is stated.....but if the cash is valid, well....the cash has to be coming from somewhere.....if real...right?
I think you are both stupid for posting political nonsense on the ACTC board....why don't you two closet gays get a room and figure out who has the bigger #$%$ and report back(pun intended)......either way, its obvious you are both been brainwashed by the system as there is not a dime's worth of difference between the two parties that are bought and paid for by the elite 1%, ....if you haven't figured that out yet and still support either corrupt party....well...keep posting and showing us your stupidity.....however, I would highly recommend shacking up with elk when you get the chance.... : D
and this is where all the money is coming in from.....licensee pays advance fees and then kiosk is deployed.....if this is so, then wouldn't it be a simple thing to state by FAB, or is that what they were intimating by the PR the other day......so perhaps, they have sold 16800+ kiosk licenses, but have yet to get them up and running....just a thought and perhaps a little snag in AL's logic..... : D
I guess.....I'm impressed that you are willing to buy; however, I do think you ay re getting a good price........"just you buying a couple of millions shares"? ....a couple of million shares is 2 or 3 million not 7 million?.....so you are trying to add 10M at .003.......good deal imho.....and you probably now have a higher stake in the company than I do.....I'm hoping this will take off at some point....if they do manage to sign some kind of legitimate deal after the holidays it might spring.......I even think the AppFlix thing might give it a little pop.......ok, glad to hear someone is buying, but you know, there has to be a willing seller......so apparently someone thought .003 was a good price to unload.... : D
interesting trading activity today......7M dump and all bought at .003? Perhaps something BIG is on its way.....makes you wonder....is this a "bonus" being cashed in by our great "team"? .....surprising price is holding......perhaps an unwritten agreement between seller and buyer or........company buying shares??? hmmmmmm.....lets see what happens here......:D
.0025? pretty soon its not going to matter whether they dilute more or not since it appears the share price is headed toward worthless sadly......who'd a thought a company with such a bright future like this one would be dealing with relatively NO volume and when there is some volume is all on the sell side of things.....oh well, really kind of sad that all this good news has to wait until after the holidays....you would think that maybe management would like to create of holiday celebrations by seeing this share price increase before the end of the year rather than flirting with the 52 week low......whatever....apparently I will never learn my lesson here.....its like pete and re-pete ......same old thing over and over and over again......ok, half way through Decembers en-route to all time record annual revenues...... : D
oh yeah....keeping it real....and focused......stick to the goal management......don't slack off losers..... : D
of course they got bonuses!....no one went to jail and they used taxpayer money to keep from going bankrupt.....heck, thats ingenious and well deserving of a bonus if you ask me......sadly, only Bernie Madoff had to do the time......he was a lone wolf....and you know what happens when you are outside the pack..............if the current insanity continues I could see some super crazy people taking the law into their own hands and using some well stashed AK 47 to kill some of these people....of course, people like nobeach will only kill the homeless and licke the balls of these corrupt financial gurus..... :D
LOL...yeah, unwttingly this idiot doesn't reallize what exactly he is supporting, or at least thinks siding with this kind of logic makes him/her elite as well...LOL!.....the elite are laughing at clowns like this as they spread their lies and deception without even having to pay them to do it for them.....once again, the rich get off scott free while exploiting the ignorant.....its so wonderful to watch, yet sad at the same time.... : D
LOL....so you miss the point completely....you people are pathetic.....well, here, let me state it in black and white since you are pretty slow and brainwashed into this kind of self serving thinking that only benefits the ultra rich and not people as dumb as you.....
if the ultra rich were to pay their FAIR share, there would be no need to pay an earned income rate on dividend and investment income.....sighhhhhh
are you people really this stupid????? : D
hence.....the problem with the economy......so is the plan by the filthy rich (1%) to starve everyone and cause a collapse? Its beginning to look that way sadly.....actually, people are beginning to turn their backs on the current economic matrix and trying to become self sufficient......bartering, growing food on their own, using bicycles or walking...doing whatever is necessary to get by without using currency.....so while the rich get richer, well, their currency becomes less valuable...LOL!....Greed is really the worse of all the sins imho.....sadly, these wannabees on this board are brainwashed into doing their service and spreading their lies....oh well.....dancing with the devil.....its always tempting but there is a price to pay for it..... :D
oh yeah, almost forgot about the super upgraded Snapchat app.....they didn't mention it in this blog, so figure its at the very least 2 years from making the pending list ..... : D still easily in the 3 year time span I'm giving these losers to "GIT R DUN!" : D