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up up up we go!
Lots of people flipping out at .08-.09, I wonder what happens when those shares run out...
Nice! I grabbed a few yesterday
Great open! Shares are THIN!
The preferred shares, if valid, would have to be part of the current deal. I think you are right about them being long gone.imo
.07 X .08 gidddy up!
I expect this to run hard today. Even more so if they publish the names of the BOD soon.
COOL $36 million revenues with $20 million net income thats $0.40 per share gives us $4 on 10 PE.. HUGH RM !!!
Good point, I guess I over read that statement. Still wish they would have put officers in the incorporation doc's..... May not be unheard of tho. I imagine the casino owners like to stay out of the public records.
Just for fun, I googled them. lol
http://www.jetcafe.org/npc/gambling/casino_owners.html
Those costs didn't include the slot machines and gaming equipment. Only said land and a building.
startup cost for the land and a 10,000 square foot building of only $2,000,000.
The startup costs in that PR seem way low to me. How do you buy land, build a casino and furnish it for $2M?
Gee, if it's that easy I'm in the wrong business..... lmao
Could be, I would guess whoever incorporated Haley's already owns those shares. Question is, is this a real venture. I plan to contact the TA tomorrow, it will be interesting conversation if they will talk.
I'm thinking those preferred shares are long gone
This could be a very good play, awful fuzzy in their statement so far tho. I think we need to know where that majority interest is first and foremost.
Looks as tho we think alike. lol
I would expect them to move their state of incorporation to Nevada, and increase the A/S. Just a guess. But it is interesting that there are more preferred shares out than the A/S will allow to convert. Of course, it is always possible the shares to BFFI have been cancelled..... but I doubt it.
Sounds to me from todays PR that most of the 50 million shares OS are being sold/transferred to Haleys Comet Casino people as part of RM.
History of "APAD":
In 2000, AdPads Incorporated was engaged in the business of providing its customers with specialized marketing services. This business venture never achieved its goals, and on December 6, 2001, the Company had entered into an agreement with a potential reverse merger partner known as Blue Flying Fish, Inc. On January 16, 2003, a "Preliminary Copy" of an Information Statement was issue by BFFI, in which new Management had set forth their business plan. That was the last publicly issued statement, and, shortly thereafter, BFFI Management abandoned their corporate office in New Jersey.
Since then, and for almost five years, AdPads has been a nonoperating, dormant, although trading, public "shell." The trading range for AdPads stock has been from a high on $1.40, in the first quarter of 2000, to a low of $. 001 (one mil)
As the majority of the issued and outstanding shares of APAD are represented in the Reverse Merger plan, it will not be necessary to obtain prior shareholder approval, and, therefore, a proxy vote will not be needed to effectuate this transaction.
On December 6, 2001 the Company completed the acquisition of 100% of the outstanding common stock of BFFI in exchange for shares of the Company's Common Stock and Series A Convertible Preferred Stock. The Company issued a total of 18,800,000 shares of Common Stock and 4,783,333 of its Series A Convertible Preferred Stock to the shareholders of BFFI. The transaction was accounted for using the purchase method of accounting and, accordingly, the results of operations of BFFI have been included in the Company's consolidated financial statements since the date of acquisition.
As of April 30, 2002, 49,291,474 Shares of the Registrant's Common Stock were outstanding
NOW:
As the majority of the issued and outstanding shares of APAD are represented in the Reverse Merger plan, it will not be necessary to obtain prior shareholder approval, and, therefore, a proxy vote will not be needed to effectuate this transaction.
So, I am guessing someone has aquired the majority of the 50M outstanding shares. Hummm, wonder who. lol
From the latest 10Q, (Jan 03)
The Series A Convertible Preferred Stock and the Series B Convertible Preferred Stock (the "Preferred Stock") are convertible into shares of the Company's Common Stock at the rate of one share of Preferred Stock for 120 shares and 400 shares, respectively of Common Stock. The Company has less then 700,000 shares of authorized and unissued Common Stock and therefore, the Preferred Stock cannot be converted unless and until the number of authorized shares of Common Stock is increased significantly or unless there is a significant reverse split, both of which actions require shareholder approval. The Company intends to seek shareholder approval of a one for 40 reverse stock split as soon as the Company can prepare proxy materials and have them reviewed by the Securities and Exchange Commission. If and when the shareholders approve the one for forty reverse stock split, the holders of the Preferred Stock will be able to convert their shares of Preferred Stock into Common Stock at the rate of three to one and ten to one shares of Common Stock for shares of Preferred Series A and B, respectively.
They did make up their standings in CO from past years of deliquency
http://www.sos.state.co.us/biz/BusinessEntityDetail.do;jsessionid=0000tkjajRwKGufhNnJhQMLzy8z:11nm16ef4?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&masterFileId=19991177892&entityId2=19991177892&srchTyp=ENTITY&fileId=20001057159
ID Number: 19991177892
Name: ADPADS INCORPORATED
--------------------------------------------------------------------------------
Registered Agent: JODY WALKER
Registered Agent Street Address: 7841 S GARFIELD WAY, LITTLETON, CO 80122, United States
Registered Agent Mailing Address:
--------------------------------------------------------------------------------
Principal Office Street Address: 9992 SE 151 st Place, Summerfield, FL 34491, United States
Principal Office Mailing Address:
--------------------------------------------------------------------------------
Status: Good Standing
Form: Corporation
Jurisdiction: Colorado
Formation Date: 09/22/1999
Term of Duration: Perpetual
Annual Report Month: August
Corporate Stock Transfer, Inc
3200 Cherry Creek Drive South
Suite 430
Denver, CO 80209
Telephone (303) 282-4800
Fax (303) 282-5800
Email: info@corporatestock.com
Pinksheets has info from many years ago, an updated share structure will be important.
Your in this one too....I'm selling! lol!
kt
Startup cost $2,000,000.
Anticipated monthly revenues $3,000,000,
operational monthly budget $300,000
monthly revenues $3,000,000 X 12 = $36,000,000 per year
operational monthly budget $300,000 X 12 = $3,600,000
Profit of $32,400,000 for the year per Casino.
This could be a great play for a long time to come.
I can't find the news anywhere even googling it. I bet this wasn't supposed to be released yet. We could be sitting on a gold mine!
Not on yahoo under the symbol
Not on tradersnation
Not on smallcapcenter
Haley's Comet Casinos incorporated 12/5/07 in.... you guessed it...Nevada :)
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=AXSD2K%252bbNKXz9oKanBeH0g%253d%253d
Not much front loading here...
Interesting...
I'm gonna dig around tonight and see what I can find out,,,,,,
Have a great evening everyone it looks like we got ourself a winner!
Nice! My L2 just went down and I gotta re-boot right quick
NETW MM moved to .09...
NICE! It looks to be ready to get started!
Cool,,,,,I didnt see that,,
Your still the Mod until someone else claims here, see that red manage button...
That would be nice... Let's dig shall we...
I took myself out by accident,,,,,,we have no mods
Can you put the chart up in the ibox, every good board needs a chart...
I don't believe they have opened the first location as of yet. I'm wondering if the owners of Haleys has any other operating casinos.
I started the board but didnt really start the DD process too much yet,,,,,thats why the I box is so bland,,,,,
I checked to not be the mod by accident,,,lol,,,
someone has to get up there,,,
Interesting, be nice to find some info on Haley's Comet Casinos... Not really finding anything yet...
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