In my opinion here is the issue with BABL and duri
Post# of 128
Posted On: 07/09/2014 4:36:36 PM
In my opinion here is the issue with BABL and during news the stock price continues to go down.
Let me summarize but check me by looking at the annual and 10Q
5000000 free trading shares were given in Feb, 2014 these have all been sold as the float went from 5mil to 11 mil
In May another 6600000 shares were given as free trading shares, these are being sold right now, that’s what the stock price is way down.
Another 3453000 free trading shares haven't even been given yet and will eventually hit the market for more dilution.
There is a total of 10,053,000 shares that will/are being diluted.
Unless something drastically changes, this stock isn't going anywhere for a while.
This is from the annual report
A. In December 2013, the Company issued, in two separate private transactions exempt from
registration pursuant to Rule 144(b)(i), a total of 5,000,000 shares of common stock to Appinero,
LLC (as to 2,500,000 shares, David Loflin - President) and Colins Capital, LLC (as to 2,500,000
shares, James Kaufman - President), in connection with partial conversions of a promissory note of
the Company, pursuant to two separate cancellation of debt in exchange for stock agreements. Under
these agreements, a total of $500.00 of the existing debt was cancelled by the issuance of such
shares, a conversion price of $.0001 per share. These shares were issued free of restrictive legends
and such shares are free-trading shares.
At the annual report
the A/S was 100,000,000
and O/S was 28,937,979
with a 5 mill float
the Quarterly
the A/S was 100,000,000
the O/S was 34,537,979
with a float of a little over 11 mill
as you can see by the statement from the annual the 5 mill were free trading shares
As you can see between the annual and the quarterly the O/S did in fact go up.
Gary didn't lie to me the float was in fact 5 million but he lied about when the finacials were going to come out because he needed to sell some shares.
The company did in fact by the numbers dilute a little over 5 mil
Here is info from the 10Q
Subsequent to February 28, 2014, the Company has issued shares of common stock, as follows:
A. In May 2014, the Company issued, in two separate private transactions exempt from registration
pursuant to Rule 144(b)(i), a total of 6,600,000 shares of common stock to Appinero, LLC (as to
3,300,000 shares, David Loflin - President) and Colins Capital, LLC (as to 3,300,000 shares, James
Kaufman - President), in connection with partial conversions of a promissory note of the Company,
pursuant to two separate cancellation of debt in exchange for stock agreements. Under these
agreements, a total of $660.00 of the existing debt was cancelled by the issuance of such shares, a
conversion price of $.0001 per share. These shares were issued free of restrictive legends and such shares are free-trading shares.
So more dilution on the way. This stock isn't going up anytime soon.
Outstanding Shares. As of June 6, 2014, there were 34,537,979 issued and outstanding shares of the Company’s common stock. Currently, there are an additional 3,453,000, unissued shares that underlie the currently convertible portion of a debt instrument.
Let me summarize but check me by looking at the annual and 10Q
5000000 free trading shares were given in Feb, 2014 these have all been sold as the float went from 5mil to 11 mil
In May another 6600000 shares were given as free trading shares, these are being sold right now, that’s what the stock price is way down.
Another 3453000 free trading shares haven't even been given yet and will eventually hit the market for more dilution.
There is a total of 10,053,000 shares that will/are being diluted.
Unless something drastically changes, this stock isn't going anywhere for a while.
This is from the annual report
A. In December 2013, the Company issued, in two separate private transactions exempt from
registration pursuant to Rule 144(b)(i), a total of 5,000,000 shares of common stock to Appinero,
LLC (as to 2,500,000 shares, David Loflin - President) and Colins Capital, LLC (as to 2,500,000
shares, James Kaufman - President), in connection with partial conversions of a promissory note of
the Company, pursuant to two separate cancellation of debt in exchange for stock agreements. Under
these agreements, a total of $500.00 of the existing debt was cancelled by the issuance of such
shares, a conversion price of $.0001 per share. These shares were issued free of restrictive legends
and such shares are free-trading shares.
At the annual report
the A/S was 100,000,000
and O/S was 28,937,979
with a 5 mill float
the Quarterly
the A/S was 100,000,000
the O/S was 34,537,979
with a float of a little over 11 mill
as you can see by the statement from the annual the 5 mill were free trading shares
As you can see between the annual and the quarterly the O/S did in fact go up.
Gary didn't lie to me the float was in fact 5 million but he lied about when the finacials were going to come out because he needed to sell some shares.
The company did in fact by the numbers dilute a little over 5 mil
Here is info from the 10Q
Subsequent to February 28, 2014, the Company has issued shares of common stock, as follows:
A. In May 2014, the Company issued, in two separate private transactions exempt from registration
pursuant to Rule 144(b)(i), a total of 6,600,000 shares of common stock to Appinero, LLC (as to
3,300,000 shares, David Loflin - President) and Colins Capital, LLC (as to 3,300,000 shares, James
Kaufman - President), in connection with partial conversions of a promissory note of the Company,
pursuant to two separate cancellation of debt in exchange for stock agreements. Under these
agreements, a total of $660.00 of the existing debt was cancelled by the issuance of such shares, a
conversion price of $.0001 per share. These shares were issued free of restrictive legends and such shares are free-trading shares.
So more dilution on the way. This stock isn't going up anytime soon.
Outstanding Shares. As of June 6, 2014, there were 34,537,979 issued and outstanding shares of the Company’s common stock. Currently, there are an additional 3,453,000, unissued shares that underlie the currently convertible portion of a debt instrument.
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