Re: MKII/FVSN Summary (Buyer Beware)
This is the company's last PR. (from October).
PONDEROSA deal still on.
Lowest price ever for this stock.
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PR NEWSWIRE) Mark 1 Industries, Inc. Announces Release of Corporate Profi
Mark 1 Industries, Inc. Announces Release of Corporate Profile
ATLANTA, Oct. 12 /PRNewswire/ -- Mark 1 Industries, Inc.
(OTC Bulletin Board: MKII), today announced that it has released a corporate
profile, which is attached to this Press Release.
For further information, please contact Paul R. Smith at 770-509-1040.
MARK 1 INDUSTRIES, INC. CORPORATE PROFILE STOCK SYMBOL: MKII
Mark 1 Industries, Inc. acquires and manages established and proven
franchise food service systems. The Company seeks multiple unit chains of
different franchise concepts, each franchise concept being in different
sectors of the food service industry. The utilization of proven franchise
systems minimizes risks and optimizes returns for the Company's stockholders.
In a report done by 'McKinsey & Company, Inc.' for the International Food
Distributors Association titled 'Foodservices 2005: Satisfying America's
Changing Appetite', McKinsey states that more Americans eating out, taking
out, and assembling meals from pre-prepared foods. McKinsey predicts over the
next 10 years, this trend will provide a $100 billion growth opportunity for
food industry players. If Mark 1 Industries, Inc. were to capture 0.1% of
this growth potential, sales would increase by $100 million.
Current Operations
Mark 1 owns the franchise system rights from Heritage Concepts
International, Inc., a publicly traded company (Toronto: HCI.TO), for Eastern
Ontario and the Province of Quebec, in Canada, and the Metro Area of Atlanta,
Georgia. Operations are in Atlanta, Georgia and Ottawa, Canada. This
franchise system has a 25 year history with multiple and diversified franchise
concepts.
Mark 1 currently operates (3) Kenny Rogers Roasters Restaurants; (2)
Grandma Lee's Bakery and Restaurant; (2) Amigo's Sports Cantina (1 under
development); (1) HillBilly Shacks Saloons; and (1) Houston's Texas BBQ &
Grill.
Fortune 500 Opportunity
One of the most exciting acquisitions has been our Grandma Lee's Bakery &
Restaurant location at the AT&T office campus in Alpharetta, Georgia, a suburb
of Atlanta. The restaurant, which opened in December 1995, provides
foodservice facilities for an employee restaurant and catering functions for
AT&T meetings and events. To keep pricing low for their employees, AT&T has
provided all the equipment at no cost to Mark 1 and does not charge rent or
utilities. This is a captive market for the Company. AT&T is the 15th largest
corporation in the United States.
Mark 1 and Heritage Concepts International, Inc. are currently in
discussions to form an alliance for the purpose of implementing a "roll-up" of
similar Fortune 500 office restaurants. Both Companies believe that an
effective "roll-up" will achieve annual volumes in excess of $100 million.
Current Situation
There are 24,000,000 common shares issued and outstanding. Stock has
traded between $0.31 and $0.98 per share in the past four months with mid to
heavy volume. 1997 annual sales were in excess of $7 million with pre-tax
profits of $350,000, assuming Mark 1 had acquired Investco Corporation at that
time.
The Future
On August 28, 1998, the Mark 1 entered into a conditional contract to
acquire five (5) Ponderosa Steak Houses located between Venice and Naples, in
Southwest Florida. The acquisition includes real estate, buildings,
equipment, and operations. An MAI appraisal, completed by C. Michael Polk &
Associates, Inc. in the fourth quarter of 1997, concluded the value of total
property was $6,215,000. The purchase price is $4,350,000. This provides the
Company with a built-in equity of $1,865,000. Subject to acceptable due
diligence and financing on the part of the Company, this acquisition will
increase the Company's revenues by $4.4 million. Closing is anticipated in
November 1998.
Mark 1's goals are to reach $100 million in revenues within the next 5
years with a reflective share price on a listed exchange. Assuming Mark 1
achieves its revenue goals, the company's stock should trade in the $4 range
assuming operating margins of 5% of revenues and the stock trades at current
industry average multiples of 20 times earnings.
Corporate Office
Mark 1 Industries, Inc.
P.O. Box 71837
Marietta, GA 30007-1837
Phone: (770) 509-1040
Fax: (770) 509-1480
This report has been prepared for information purposes only and shall not
be construed as a solicitation for investment purposes. You are advised to
obtain investment information from a securities broker or registered
investment advisor.
SOURCE Mark 1 Industries, Inc.
-0- 10/12/98
/CONTACT: Paul R. Smith, Mark 1 Industries, Inc., 770-509-1040/
(MKII HCI.TO)
CO: Mark 1 Industries, Inc.; Heritage Concepts International, Inc.
ST: Georgia
IN: FOD FIN
SU:
Message 6979550
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I spoke with Paul Smith this morning (I forgot to mention your fax - sorry). This may be old news for some people on this thread, but here's what I found out:
Short-term goals:
1) looking for a PR firm or individual to come in and work full time to answer investor relations type questions.
2) their goal is to become fully reporting with the SEC by end of 1st quarter of 1999 - will have auditors in 2nd or 3rd week of March to do their financials.
3) seeking financing early in 1999 to fund some of their projects.
He stated that someone (he knows) has been shorting the stock. Paul has been in the business for 25 years (& partner) and seek low risk opportunities to capitalize on and are not filing bankruptcy of any type.
siliconinvestor.com
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This is my personal theory of why MKII declined so much in price in the last two months.
We already know that two large shareholders sold millions of shares on November and December.
It was because tax loss?.......we don't know by sure, but until somebody come with a better idea, we going to assume they sold because that.
MKII claims they are healthy and with no economical problems.
DECEMBER.....VOLUME...8.968.100 SHARES TRADED...AVERAGE..407.640.
NOVEMBER.....VOLUME...6.757.500 SHARES TRADED...AVERAGE..337.875.
On November price started at 0.38 and finished the month at 0.10.
On December price started at 0.10 and went as low as 0.02..!!!!!!!
I think there were not enough buyers for so many shares and MM's were force to buy them back. As MM's started to increase their inventory they started to come down on the price faster and faster.
Nobody knows this small Co. even the thread is new and the header wrong. People was afraid to buy, thinking the company was going out of business. We already know that's not true.
siliconinvestor.com
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Elio, a little recent MKII history for you:
I got a pump and dump email about MKII on 10/19/98. It must have been persuasive, cause the stock went from .37 to .70 in two days. Quite a pop for an unknown stock. Now that you tell me about the two large shareholders wanting to dump, I begin to wonder if they paid for this pump and dump.
(includes copy of spam e-mail)
Message 7068121
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It's from HERITAGE CONCEPTS.
Remember, MKII owns the franchise system rights from them for Eastern Ontario and the Province of Quebec, in Canada, and the Metro Area of Atlanta, Georgia.
ABOUT HOW HERITAGE SETS UP FRANCHISES.....
Message 7106153
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Heritage Concepts International Inc.
Mr. Paul Smith become a Director of Co. 9812
I guess 9812 means December 1998.
Message 7106569
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Mark 1 Industries, Inc.
2262 Northwest Parkway
Suite-K
Marietta, Ga. 30007
The new telephone number that I found is 770-937-0960. When I called the company Mr.Roshe Calra (forgive the spelling) was the person who answered the phone. The old number had a message that was done by Mr. Paul Smith, the president of MKII. In a second call I talked with Paul Smith.
The company just became a public shell in July of 1998. There was a reverse merger last year. These suites appear to be a move up in stature and space. More growing room and new offices for clients, growth and work! We have real corporate office addresses for our company and for the restaurants! Paul Smith said that A.T.& T. was a 'secure location' needing entry approval from A.T.& T. but the other locations would be no problem to visit. The restaurant/cantina/bar & grill sizes vary from 3,500 square feet to 18,000 sq. ft.. Most are of the smaller size with the A.T.&T. location as the largest with 18,000 sq. ft. I wrote out these addresses as I have plans to go by when I'm in the Atlanta area. These are not small locations for Atlanta and the Metro area!
Here they are…
Message 7375304
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I hope I'm wrong.......
I've just lurked on this one and don't own it but MKII is having a 1 for 50 reverse split tomorrow. I thought there were only around 30 million shares outstanding. otcbb.com
Lakers
Message 7385346
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It was very clearly stated in the company Press Release of October 12, 1998, that the outstanding numbers of shares were only 24.000.000, yes ONLY TWENTY FOUR MILLION SHARES....!!!!!!!!!!!!!!!
WHO IN THE HELL!!!! COULD EXPECT A RS WITH SO FEW SHARES..........!!!
Several people spoke with Paul Smith and HE NEVER TOLD ANY ONE OF US ABOUT THIS.
@#$%^&*&^%$#@#$%^&*&^%$#@#$%^&*&^%$#@#$%^&*
Message 7387755
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I Started This Thread For Us Idiots Who Are Now Going To Find Out The True Feeling Of Getting Screwed By A 50-1 Reverse Split.......
Is There Any Way This Will Be Good? Yea..Right...What A Friggin Joke.
Get Out The K-Y...Its Gonna Hurt..........
Subject 25090
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Paul Smith lied to you or to me.
He told me the Ponderosa deal was not off and they were
on with the deal.
I asked him if he was sure about that because I wanted to buy more shares and he said yes is true DEAL STIL ON...!!!!!!!!!!
Elio
Message 7389459
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Well, I just talked to Paul...i asked him what was the reason for the revese split...he replied we had a meeting and decided this was the way to go and we want to attract better investors by having a higher share price...this guy is a certified meatslapper...he just has no clue...i asked him if he seen the price today...he goes...yea...but its only temperary till the reverse takes affect...i guess we are scum to them cause they want better investors, not us penny pinchers... he told me ponderosa deal is a no-go, but said we will see news within 30 days and he said it will be good news...i said is it a deal...and he said yes..i said what is it...he says there working on it..to me he seems so inept that he probably thought this split thing was a great idea and now has no clue why the stock is a quarter...here is his phone number...call this jerkoff up and see if you guys can get better answers 770-937-0960
Sam
Message 7403808
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****NEWS****....you bet ill be a thorn....time for a class action .....mulla711
Mark I Industries, Inc. Announces Reverse Stock Split
ATLANTA, Jan. 21 /PRNewswire/ -- Mark I Industries, Inc. (OTC Bulletin Board: MKIID - news) today announced that the Board Of Directors has approved a one for one hundred reverse split of its common stock with an effective date of January 21, 1999.
For further information, please contact Paul R. Smith at 770-937-0960.
SOURCE: Mark I Industries, Inc.
Message 7407720
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were all f***** now.... been through a few......and they think stock will climb.... im not heavily invested was waiting but companies like these really piss me off for the ones that are... this one will just make me dig and dig for info and i am a good digger......MULLA711 is on a mission.....AND I STRONGLY SUGGEST CALL THAT # CAUSE THEY JUST STOLE OUR MONEY...... :)MULLA711
Message 7408596
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Anyone jumping in on this would have to be sick!! After speaking with the accounting manager just now I almost laughed in his face, but maintained my professionalism. I've been doing this along time and also have business consulting experience and these people are just terrible. I would be selling everything before it tanks then you can by it alot cheaper. Just look at what happens to most reverse splits LTGLD being one that went all the way down to .11 before investors jumped in and they have products in PeP Boys auto stores. The acct. mgr. didn't even know the shares outstanding or the shares in the float of MKIID, I'll watch this one tank. Selling at .375 then jumping back in at .10 would be nice instead of waiting out through a bigger loss. I've seen better stocks then this tank much further after a reverse.
Message 7408678
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Well i just called this jerk off paul guy...and some guy answered the phone and said he was in a meeting...i said...whats up with the 100-1 frigging split and he says i dont know? we just had a real good press release at 4:15 why? and i said..well theres a lot of people who would like to go hunting down in georgia for assholes...and he says wait..its gonna be good for everyone...so i said...you have stock in this company..and he go's no, not yet, but im gonna...and i said..listen do you know what just happened...and he goes..no what? i said a grand of this yesterday is worth 37.50 today, and he go's REALLY?? well waht do you know, im just a dumb ole southern boy from georgia...i think i better have paul call you...Frigging Jerkoffs.. i gave em my number and Zbytes Number...see if he calls back..
Sam
Message 7409043
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im in with my 2 shares...jerkoffs...hey Zbyte has 7 shares..were in..
look at the bright side..the ask will open at 37.50 a share.and there is only 480 shares in the float if it drops to a dime we can buy the whole company for 48 bucks.....what a frigging joke...
Sam
Message 7410215
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Ok folks here is the scoop, Paul called Sam this morning and gave him the low down on the reverse split. They split for financing as they could not get a bank to look at them at .05 so he wanted to get the price to make them more attractive. So here is what it is 1-100 reverse split, total shares are 300k, float is 120k, the 2 owners own 75 % restricted shares.
Paul stated that this is a good deal for what they have coming out in 4-5 weeks which will include the ATT&T deal that is huge according to Paul and there will be many deals coming through at that time. So what do we have to lose that we haven't already lost by waiting out the 4-5 weeks. Sam said that Paul sounded happy over the phone. Well Im waiting you never know it could be the 1 in a 100 deals that actually work.
Message 7421999
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Company Press Release
SOURCE: Mark I Industries, Inc.
Mark I Industries, Inc. Announces NASD Clerical Error on Reverse Split
ATLANTA, Jan. 22 /PRNewswire/ -- Mark I Industries, Inc. (OTC Bulletin Board: MKIID - news) today announced the NASD made a clerical error in regards to the reverse stock split. On January 20, 1999, the NASD processed a 1 for 50 reverse split of the company's common stock. To correct this error, the NASD will process a 1 for 2 reverse split of the company's common stock to be effective the opening of trading in on January 26, 1999. A representative of the NASD has made apologies to the company for this clerical error.
Message 7431170
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Oh good, now I have 2.800 shares...!!!!!!!!
@#$%^&*()*&^%$#@ PAUL SMITH @@#$%^&*&^%$#@ PAUL SMITH @#$%^&^%$#@
BLOOD.........BLOOD.........BLOOD.........BLOOD.......
@#$%^&*&^%$#@#$%^&*&^%$#@@@@@@@@@@#$#$$%%%^^^^
Elio
Message 7431346
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THATS WHAT IM LOOKING INTO.....I DO NOT HAVE MUCH OF A LOSS IN THIS BUT COMPANIES LIKE THESE PISS ME OFF....BUT YOU GUYS WITH LARGE LOSSES BETTER DO SOMTHING BEFORE THEY PULL SOMETHING ELSE...IE 504D 144's, BANKRUPT, ETC...4-5 WEEKS... MY A**.... GIVES THEM PLENTY OF TIME TO PULL THE RUG FROM UNDER ALL OF YOU ALL THE WAY NOW......MARK MY WORDS..IT HAPPENS EVERY DAY CAUSE MOST SHARE HOLDERS ARE LIKE LITTLE LAMBS....THEY CRY WOLF AND DO NOTHING..SOME SAY OH OH PLEASE DON'T UPSET THE COMPANY THEY MAY GET MAD...MY A**... YOU BETTER START GETTING MAD... :) MULLA711
Message 7442993
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Listen to this Etraid night mare.
[very funny, but very tragic]
Message 7460114
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ohhhhh .75 x 2.25 looks like a spread in a hustler magazine....told ya their jerking around..... go ELMER FUDD.... :) mulla711
Message 7493973
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Enough jokes
My conversation with Paul Smith on the telephone went as follows:
1. There is no 200:1 RS. Our initial 50:1 and subsequent 2:1
will be the ONLY RSs. MKIIZ will remain the symbol with no
further dilution.
2. He believes that the MMs will soon catch up and anticipates
a fair value of $5/share in the coming weeks.
3. He anticipates an announcement in 4 weeks time which will outline
an alliance between the company, an investment bank (Canadian, I believe), and a corporate campus site.
4. His goals for the company are long-term with multiple corporate
campus sites.
5. For what its worth he also apologized for the 'poor job at
public relations over the past 6 months' and recognizes that the
investors are confused and angry.
I found him to be very patient and cordial. We spent almost 10
minutes on the phone.
I hung up wondering whether or not this guy could pull it off and
then I looked at my portfolio and the pathetic share price realizing that it made no sense to sell at this point. I don't believe that
anyone will be selling their shares soon despite the cries from the
masses. Good luck to all, Doctorgreenback
Message 7517864
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OH BUT REMEMBER THEY WANT BETTER INVESTORS THAN US...GUESS OUR DOLLAR TO THEM IS LESS THAN WHAT THE MARKET SAYS....DUH....LIKE I SAID BEFORE THEIR FINANCIAL ADVISOR WAS WATCHING THE THREE STOOGES GOING TO THE MOON IN WET DIAPERS DIGGING INTO HIS BOX OF CRACKER JACKS LOOKING FOR HIS DIPLOMA.... Thou art a pox-marked impertinent pigeon-egg, paul smith!" ...I HAVE BEEN OUT OF THIS STOCK BUT SHALL BE A THORN IN THEIR SIDE.....TO GIVE INVESTORS GREAT CAUTION IN BUYING FROM A BUNCH OF DEVIATES WHO BELIEVE SOME MONEY IS BETTER THEN OTHERS.....NOBODY IS GOING TO GET AWAY WITH STEALING MY MONEY LET ALONE BEING SO SNUB ABOUT IT...AND FOR ALL YOU WHO ARE LOOKING INTO THIS COMPANY HERE IS A LINK ON NASDAQ LISTING REQUIREMENTS...LETS SEE IF THEY CAN FIT THE BILL....MY A** THEY CAN......:) MULLA711
Message 7818256
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Tuesday March 23, 12:32 pm Eastern Time
Company Press Release
SOURCE: Mark I Industries, Inc.
Mark I Industries, Inc. Announces Negotiations for Acquisition of International Franchiser
ATLANTA, March 23 /PRNewswire/ -- Mark I Industries, Inc. (OTC Bulletin Board: MKIID - news) today announced the company is in negotiations to acquire the worldwide rights for an established Restaurant Franchise System with 40-plus units. The 40-plus units currently operate under properly registered Franchise Agreements. At this time, the company is not able to disclose the name of the acquisition target. The company anticipates the negotiations will be completed in the next 8 weeks. When negotiations are completed and the purchase agreements executed, the company will be able to provide full disclosure.
The acquisition of a 40-plus unit Franchise System is part of the company's 1999 business plan and is consistent with the growth targets established by the company.
For further information, please contact Paul R. Smith at 770-937-0960.
Message 8477843
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Not enough people and shares have committed to the process. The attorney called me last week, we are in a holding pattern. As soon as we find out additional information about the company and their activities, we can proceed further. Anyone interested(besides those who have already e-mailed me) should send me an e-mail to rferrari@etrade.com. We will keep you informed when we decide to proceed against this company. Some illegal things may have been done, and we want to be able to prove them.
Message 8479163
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Look at this spam email I received about this POS.
INVESTORS BEWARE --- NEVER EVER BUY THIS STOCK
NEVER NEVER EVER
____________________________________________
Company: Mark Industries,Inc.
Symbol: MKII.
Price: 1 1/2 ($1.50/share)
SUBJECT; MKII.FOODVISION.COM
Mark 1 Industries, Inc. (OTC Bulletin Board: MKII - news announced the
company intends to move forward with the development and launch of
FOODVISION.COM.
This new and exciting search engine will add a significant revenue
center to MKII.
MKII.
M K I I. is rated a "STR0NG BUY".
____________________________________________________
Can you believe that trash?
Regards
Message 9540941
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DITTO Zbyte..HEY EVERYONE ***NEWS***
(bizziewizzie)OTC:BB MKII June 2, 1999
due to controversy about us we have RELEASED the following statement...
"YOUR RIGHT, WE ARE A POS" ...HA! and you thought everyone was kidding..
Message 9917125
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Wow!!!!
Have you visited foodvision.com
Great site and in different languages too!
Wow!
Message 9917858
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FVSN is new symbol for MKII ????
Foodvision?
Saw this on RB...
Message 10435639
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HA!..fvsn .312 x .562 ...or rather .00312 x .00562 jerks
Message 10468007
Now there is a line we could use Lou! Do you approve mulla711?
LOL!
I can see it now!
**********************************************************************
<<<<<<<<<<<<<<FVSN/MKII!!!!!!Go for it mulla711!!!!!!>>>>>>>>>>>>>>>>>
**********************************************************************
This thread is dedicated to mulla711! A favorite saying from him gives all the DD necessary for those that come after...
<<<<<<<<<<<<<<<<"A better class of investor!">>>>>>>>>>>>>>>>>>>>>>>>>
<<"The only comparable link to have with MKII/FVSN is soiled toilet paper..:) mulla711">>
This company survived a 10,000 to one reverse share program on the way to greatness!
Message 10472682
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Dan here's a great introduction post for fvsn from rb thread..maybe you can ask to use it and delete reference to him and maybe add some changes...can add my quote if you would like...HA!..:) mulla711
By: runbob
Reply To: 91 by klownnin Monday, 12 Jul 1999 at 10:29 PM EDT
Post # of 93
Well, I finally found MKII,MKIID,MKIIZ, message board. In the past when I tried to get messages I drew a blank, but as soon as it was renamed FVSN all of the past posts from #1 showed up.
There was a lot of activity when the infamous 100-1 reverse split occured. and then again in May when a misguided stockholder thought the stock had gone up to 165 per share
I became a stockholder May 20,1998 because of a buddy line E-mail recommened it as a great buy on AOL in Atlanta. Had I tried to do my DD I would have drawn a blank just as you will at this very time. (Try pulling up Raging Bull info now)
Later there was supposed to be an investigation about how the E-mail had been sent, but nothing ever came of it.
Just before the reverse split MKII posted a news release that pumped the stock, claiming that it would soon be at $4.00. They gave the suckers just enough time to buy more and then did the 100-1 reverse split and suddenly my 4000 shares became 40 shares-worth $20.00 today. Just as Ferrari's 110,000 shares became 1,100 shares and he is mad as hell.
Of course I am still holding, I can't afford to sell 40 shares worth 20.00. I know I will never get my money back nor will anyone else including the newbies. I tried calling Paul Smith several times. The phone number changes often. The first number I called is now a private home and I don't get any answer on the other number. I looked for MKII in the Greater Atlanta Phone directory and they are not listed.
Have any of you who threated legal action gotten any results yet? If so please post them on the message list.
In the 14 months that I have owned the stock I have yet to recieve a stockholders report or any other type of material from MKII.
You newbies better get out quickly before you get taken, the handwritting is on the wall, a name change will not hide a wolf in sheeps clothing.
Message 10492915
- Jeff |
