Pure Spectrum Lighting (PSRU)

[micmic88888]

proudly load this gamble, to da moon...

[zhalox]

The new board is located here: http://investorshub.advfn.com/boards/board.aspx?board_id=19567

[ginchinchili]

LOL...sure, whatever.

[senator]

down now is correct. but made pver 300k on pspm and another 100k on psru. so still up. it was actually my first penny winner. my best penny is hlnt though 2.5m profit and counting.

[ginchinchili]

LOL...well, even it that were true, you'd be down $136,500 since PSRU is now at $0.0011. If you are a millionaire then it must have come from your parents because it sure didn't come from your investing. Are you still buying PSRU?

Considering that PureSpectrum is broke and can't pay its bills, it doesn't sound like a sound place to park your money.

[senator]

not quite sold my old pspm position .78 down .26 When your buddy tg started dumping his restricted sold my psru from .24 to .05 started buying back in at 2 cents and am averaged down to .005 senator is not a millionaire for nothing

[ginchinchili]

Senator: Looks like investors aren't too impressed with PureSpectrum's recent "news offering". The share price is back down to its lowest point, $0.0011. If you own 35 million shares, that means your shares are only worth $38,500. And since you've been buying for a couple of years now, and this is the stock's lowest point, well, let me just say I'm sorry for your loss.

Really, you shouldn't be surprised by the share price's recent route/rout. PSRU's investors have become very predictable in their reaction to news. They, like you, buy more. And who's selling? Those who put out the news, the same way they've always done it.

Just beware because they're not through yet. They still have lots of shares left.

[The_Bull]

how do you come to this figure ? this company is bankrupt !!!

[Moneytree420]

Not sure end of year price, but there seems to be alot in terms of the last PR mentioning secure funding and more importantly a goal and measurable $$$$'s in terms of sales are concerned. Believe me I am long this stock, love the product but was upset to see share value plummet. I have seen this stock up to 1.25 and is the reason I hold. Let's see this thing go up. I wont sell till I see success. To hell with LV. Hope he is enjoying see someone else take the helm and hopefully we will see some green soon.

[ginchinchili]

ginchinchili: How do you expect PureSpectrum to sell $30,000 in bulbs per month when they haven't sold that much in a year? And now they have far fewer resources. Sounds like they've got a high bar to reach.

senator: i expect them to sell 300,000 worth of product not 30.

ginchinchili: Ahh...and what aspects of PureSpectrum's latest incarnation do you base those expectations on?

senator: 10 cents end of year bra

THAT'S GREAT, DUDE. NOW TRY ANSWERING THE QUESTIONS, OR CAN YOU? For this latest deal to work out for PureSpectrum they have to sell $30,000 worth of bulbs a month. They haven't sold that many during the entire time they've been in business, a year, and last quarter they actually lost money in sales. Sounds to me like he (he, since there's only one employee now) is just trying to buy himself more time, probably for tax purposes. With this deal he should be able to last until the end of the year. Ideal for tax purposes.

[senator]

10 cents end of year bra

[ginchinchili]

Ahh...and what aspects of PureSpectrum's latest incarnation do you base those expectations on?

[senator]

i expect them to sell 300,000 worth of product not 30.

[ginchinchili]

Senator: How do you expect PureSpectrum to sell $30,000 in bulbs per month when they haven't sold that much in a year? And now they have far fewer resources. Sounds like they've got a high bar to reach.

Hope this reaches you before Linda deletes it, even though it's on topic, just like the last one she deleted.

[ginchinchili]

Hmmm...so they'll have to produce a lot more revenue immediately with only one person running the company. LOL...yeah, sure. Let's see, last quarter they actually lost money in sales FOR THE QUARTER. Now, they have to make at least $30,000 in sales PER MONTH. Yeah, good luck with that.

[niter]

Sold at 0.0056

[senator]

we are in at .0012's so still up on the shares we kept. and now they are free. what did you do yesterday?

[niter]

LOL.You boyz got screwed very hard .Never buy the stock after 100% jump in the half hour.Clear pump and run to the bank

[senator]

green light means GO!
http://www.barchart.com/opinions/stocks/PSRU

[senator]

IN STOCKAT AMAZON DONT LET THE BASHERS LIE TO YA
http://www.amazon.com/PureSpectrum-Dimmable-Spiral-Incandescent-equivalent/dp/B0030CW3C8/ref=sr_1_2?ie=UTF8&qid=1287680253&sr=8-2

[senator]

BUY BUY BUY - BLOW THE SHORTS OUT!!!!

[senator]

10 CENT PPS END OF YEAR EZ 100 BAGGER

[lunamarie]

game over. a lot more share holders... lol

[lunamarie]

not a real run. vol. to slowly. come down every moment

[BurrTim]

Up 150%

http://www.marketwatch.com/story/purespectrum-management-update-2010-10-21?reflink=MW_news_stmp

[lunamarie]

thanks for 50% in 15 min. ask filled. i am out

[senator]

LET'S ROCK - ET!



Oct 21, 2010 11:23:00 (ET)

SAVANNAH, Ga., Oct 21, 2010 (BUSINESS WIRE) -- PureSpectrum (PSRU, Trade ) is pleased to announce an update regarding key strategic issues.

PureSpectrum, under the direction of Greg Clements, the Company's sole officer and director, has executed a Management Proposal with the secured creditors. The Company is currently in default with respect to certain outstanding loan obligations made with the secured creditors. The secured creditors have filed U.C.C. security interests encumbering all of the Company's assets. The secured creditors have indicated their willingness to enter discussion regarding the Company's ongoing operations. Subject to execution of a definitive agreement, the secured creditors have agreed to forebear any foreclosure proceedings. It is expected to take up to six weeks to finalize terms will all the secured creditors.

Mr. Clements has indicated his plan will require additional capital from the secured creditors or other third parties. Two of the secured creditors advanced $50,000 pursuant to the terms and conditions of a convertible promissory note. The funds will be used by the company for working capital. The note proceeds have been deposited in a trust account established by the secured creditors for the benefit of the company.

Mr. Clements remarked: "Over the last two months, the Company has reduced its overhead, changed its sales and marketing direction and received the support of our secured creditors. I believe that these changes position PureSpectrum to re-establish itself in the market. We are embarking on a new plan that will see a more focused effort at direct marketing our products and a commitment to complete patents on the second and third generation light bulbs."

ABOUT PURESPECTRUM

PureSpectrum, Inc. is a company focused on sales of lighting products headquartered in Savannah, Ga. The company's mission is grounded in the quest to preserve natural resources and a belief that energy efficient lighting will be embraced and absorbed through improved performance. PureSpectrum is introducing products and identifying technologies that enable energy conservation and improved performance without increased cost or confusion for the consumer. PureSpectrum plans to continue its commitment to researching and developing products that satisfy consumer demand and advance the cause of energy conservation. Please call [phone] or visit www.purespectrumlighting.com for more information.

Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for PureSpectrum's products and services, its ability to succeed in growing revenue, the effect of new competitors in its market, integration of acquired businesses, and other risk factors identified from time to time by PureSpectrum. For additional information concerning risk factors, please refer to the securities filings at http://www.otcbb.com/asp/Info_Center.asp .

SOURCE: PureSpectrum

PureSpectrum, Inc.
Greg Clements, 912-721-3600
[e-mail]

[ginchinchili]

It's unlikely that it means much of anything, but one can always hope.

[coal]

there is a $.70 ask at e*trade. any news? anywhere? my fingers are crossed.

[SARAGO]

yes man real products are there ....lets see

[Moneytree420]

wish I knew? all employees laid off, possible merger on the horizon...........


still holding my shares, but just watching to see if they find a company to take over, merge or do something. So much promise, yet so little return......feels like my girlfriend is charge of this company !!!

haha!

[SARAGO]

whts going on here

[ginchinchili]

SARAGO: The "E" is removed automatically after the 30 day probation period is up. That was to happen no matter what. The fact that it was removed and they were bumped down to the pink sheets is not good news. It means that the OTC.BB found that they were not in compliance with whatever PSRU was delinquent on w/the SEC, probably fees and updated documentation. The "E" probation period serves as a warning to shareholders, a red flag. It also means that all the money that PSRU spent buying out International Medical Staffing and moving to the OTC.BB was wasted, just like the $250,000 they spent retaining their financing deal with Socius.

[SARAGO]

nice volume today...e removed from the ticker is good sign imo

[SARAGO]

mine changed to psru in my portfolio

[btb11pitt]

its not showing up as moving on my broker page...it still shows as PSRUE rather than PSRU

[senator]

u still have your shares. NOW LET'S GET THIS PINKIE ROCKIN!

[btb11pitt]

ok I have shares of PSRUE and now i see that it is not trading but PSRU is, what happens to my shares?

[senator]

back on the pinks- now lets make some dough on this one!

[pennyinvester]

Heard all Board Members resigned Friday night. PSRU sold to management. What that means to stockholders, I don't know, but think we have been s.......d.

[senator]

heard something about a press conference wednesday. no confirmation yet.

[TheDoc01]

Great volume today... Shorts may have covered some today... Looking for the beginning of a reversal here... A company update would be great...

thedoc

[senator]

2 911 TRADES. MM signal news coming.

[verdict1]

lot of volume yet no one wants to talk about it

[ginchinchili]

Here's what our strange friend senatorhyman is doing on Yahoo's PureSpectrum board. He's posting under an alias and then pumping himself up. The latest is "lvendetta56". He posts under this alias saying that he's heard that PureSpectrum has secured financing. He also is complimenting himself. Here's one of his posts: "was sad same as senator? then owe him on a few more tips. guys a genius picker. wtf was he doing over here, stock sounds dead." The guy has serious mental illness issues.

[Whatamithinking]

Can't pm u sorry man

[Whatamithinking]

Senator I can't pm u don't have a paid account. How you been?

[ginchinchili]

Sorry, Moneytree, but Sad requires lots of repetition. I'm sure you know by now that you can't trust what PureSpectrum's PRs say. Don't be fooled by the BoDs' BS. They knew what was going on. How could they not know? All of them? No way. I knew what was going on and I'm no insider. But even if they were clueless they are still stuck with $20 million worth of debt and there's no way to get around that except through bankruptcy. If anyone can think of another way I'd love to hear it. A realistic way, that is. I suppose the BoDs could come out with an upbest sounding PR to pump the share price up a bit and then they could sell some of their shares for a few hundred bucks, but one thing you won't see is a PR explaining how they're going to deal with their debt, and right now that's the biggest issue. It's the only issue.

[Moneytree420]

ginnie,

funny post! I stay on the fence, the last PR gives indication to some undercurrent developing-???????? who knows the next step?

to we lost are.....haha!

not in a million years- stay diversified in your investments and you should be ok!!

[ginchinchili]

Of course they will settle w/shareholders for 5 cents, sadsack. 5 cents total, maybe. Look, what you are failing to understand is that they won't be settling with the shareholders. Read the financial reports. They'll be settling with those they owe money to and that's it. That how it works with a public company.

You want me to do the math, eh bro? Okay. What is PSRUE's o/s now, about 350,000,000? That's 17 1/2 million dollars at $0.05 a share. Haha...last quarter they made a profit of -$7,163. In today's business climate money is exceptionally tight. No one will pay 17 1/2 million dollars for a company that not only can't make money, but actually loses money. They don't even have their own manufacturing facility. All the buyer would be getting for their 17+ million is a few faulty patents, a lot of debt and a bunch of irate shareholders. If anyone wanted what PureSpectrum has, why wouldn't they just go straight to the manufacture and make a deal, cutting out PureSpectrum altogether? Why bother including PureSpectrum? Even if someone saw something in any of the patents, wouldn't they be better off just letting PureSpectrum go bankrupt and buying the patent as the company is being sold off? And if that happened, don't expect much for the patents. It would be a miracle if the patents were bought for $500,000 and that money would go to paying off the vendors they owe money to. Not the shareholders. The following is from PSRUE's recent 10-Q:

"The Company has incurred net losses from operations of $5,109,113 for the six months ended June 30, 2010. In addition, at June 30, 2010, the Company has an accumulated deficit of $19,320,272 and negative working capital of $826,114."

PureSpectrum is almost $20 million in debt and those they owe that to are first to get paid through any liquidation process. In the most incredible case scenario they won't come close to reaching $20 million to pay their debts, much less having anything left over for shareholders. I'd be very much surprised if they were able to raise $1 million. No one will buy PureSpectrum. It's not worth taking over for free because they can't make money, but it's certainly not worth the $20 million in debt.

I'm afraid there's no way out of this for you, bro. You just lost your money and there's no way to get it back. That's the way it goes sometimes in the stock market. You should have listened to that ginchinchili character. Too late now.