Bonds.com Group, Inc. (fka BDCG)

[TEX]

what is it!!!!!!!!!!!!!

[bullcents]

fantastic news today after the market closed!!!!! =)

[TEX]

I had more than 100 shares also, and ditto the reorg "transition" symbol. In fact, I had a quite a bit more than 100 of IPOR--but once the reverse was announced, there was no point in holding more than 101...that is, if rules and regs are to be followed.

[bullcents]

thats...odd

maybe I'm wrong... ?

[bullcents]

I think you misunderstood...

I had more than 100 shares to begin with...and for the longest time it was IPORXZ and just yesterday it changed to BDCG.

[Discovery]

If thats the case, I purchased one share, why'd I get 3?

[sidedraft]

I have only 3 share in my Zecco account, is your account with ZECCO?

[TEX]

weird, then...Choicetrade is Penson, too, and I'm still stuck with 3 shares.

[bullcents]

lol....you forget that it was a 29:1 R/S....If you purchased 100 shares or more before the split you get special treatment. If you just purchased 87 shares, you dont get special treatment. lmao...


As for PPS...Bonds.com's biggest competitor is OptionsXpress, and it trades at $24/share. Bonds.com projects to be the main leader in the industry within about 3 years time. So long term, you could potentially get $24/share or more.

[bullcents]

Pension Financial...yes

[TEX]

That's what the Keating folks--and I suspect, the company--want to happen. May not go down that way, though...

[Discovery]

I agree, hope the PPS is still where it is now.

[sidedraft]

There is no way to tell.

[Discovery]

Later? Will this happen soon?

[sidedraft]

That should be the first part, the R/S. Then we should get the other 97 round up shares later.

[Discovery]

So is 3 shares all were going to get?

[TEX]

Zecco uses Penson for clearing, right?

[bullcents]

zecco....

basically Chase Bank

[TEX]

what broker?

[bullcents]

finally got the newly issued shares in my acct..

looks like this company is doing things right. =)

[TEX]

exactly

[bullcents]

ah...thats what i thought.

[53chevy]

OK. that's not us, that's the Bond.com people, for what they got when they bought the shell.

[bullcents]

it says:

"...upon the consummation of the Merger: in exchange for each share of Bonds.com Holdings Common Stock outstanding as of immediately prior to the consummation of the Merger we will issue to such Bonds.com Holdings' stockholders (other than Dissenting Stockholders) 6.2676504 shares of our Common Stock, for an aggregate of 57,542,704 shares of our Common Stock;"

[53chevy]

And it specifically states Bonds.com going to FS?

[bullcents]

well my broker passed it on to me...so I dont know

[53chevy]

So is the letter from Bonds.com or is it related to a different play instead? I have rec'd no letter from BONDS.com

[bullcents]

oops....my bad....I just saw the new 8K

sorry I'm a little slow lol

[53chevy]

Bull, I just checked EDGAR, and there's no new 8K, other than one for February where 2 officers of Bonds.com have provided loans totalling up to $500K to use for working capital.......

You sure you got the right company on a 8K for today, and the letter is associated with Bonds.com/BDCG?

http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=0001179090&filenum=&State=&SIC=&owner=include&action=getcompany

[bullcents]

it looks like most of this letter is part of one of the last filings...


new 8-K today...

[53chevy]

Never did get a letter from Bonds.com

Can you post the text of the commented FS?

[bullcents]

letter is hella long...

[bullcents]

somewhere it'll say "section 4(6)" ...means Rule 506.

[bullcents]

thanks for the info! =)

[today32]

What's going on with the roundup? I know that it looked like we weren't going to get it, but what do the following entries mean?

12/28/07 |*| Reorganization |*| IPORUSSIA INC NEW CIL ON 0.43560@ 1.020000 |*| .44

01/29/08 |*| Reorganization |*| IPORUSSIA INC NEW AS OF 12/28/07 CANCEL SPLIT |*| -0.44

01/29/08 |*| Reorganization |*| IPORUSSIA INC NEW CIL ON 0.43560@ 1.02000 |*| 0.44

These entries showed up in Etrade as well as Firstrade.

[53chevy]

If the letter is brief, can you post its contents? I did not receive the mailing you are referring to.

Thanks in advance

[rnr324]

So where does it say 506 and not 504? that is what I am asking.
my question still is how do you know which flavor it is when all I can view is the html/text that says nothing.
your link is the same one I gave, just says REGDEX, trying to learn is all.

[sidedraft]

If your broker is Zecco or your clearing is by Penson, that is the way the account will look until you get the shares you expect.
At least that is what I see in my account, and so far things have turned out OK.

[bullcents]

Anybody having this problem??

I bought shares when it was still IPOR...I still have them in my account, BUT the symbol is IPORXZ. I'm wondering why the symbol hasn't changed in my portfolio even though the ticker has..

[bullcents]

The more I look at this stock, the more it makes sense. Remember the $4.35mil private placement press release? The recent Reg D form filed on 1/23/08 is for that private placement. So, in a nutshell, everything is cool.

The letter the company mailed to all shareholders this past week, stated that after the merger they plan to issue 6.2676504 shares for every share of Bonds.com Inc. for an aggregate 57,542,704 shares of common stock.

[bullcents]

Rule 506

http://sec.gov/cgi-bin/browse-edgar?company=&CIK=0001179090&filenum=&State=&SIC=&owner=include&action=getcompany

Rule 506 is more specific in what the issuer can and cannot do regarding the sale of securities. However, Bonds.com is already publicly traded, so we can already deduce that they aren't just trying to ripoff their shareholder for the money. They are trying to raise money in order to avoid going further and further into debt. Also according to Rule 506 they are required to report to their shareholders. Don't forget they are already publicly traded, and they haven't issued Form 15, otherwise I would say throw in the towel. They're just trying to raise money.

[rnr324]

Thanks for the explanation. What I meant more specifically was, how do you know it is the 506 vs the 504? All I can see is REGDEX, which to me means more shares, regardless of thier intention, more shares coming off the recent reverse split (reverse merge sounds better), can't be good so I sold. Probably prematurely by your definiton. I will keep watching for a re-entry. Confused as to how one can tell if this is good or bad.

[bullcents]

I mean Reg D is a bit tricky. But the SEC has really started to crackdown on companies that use this regulation fraudulently...especially since SOX 2002. I think Bonds.com has really played their cards right regarding Reg D. The rule you have to out for is Rule 504 not 506. Check out Feldman and Dresner's book Reverse Mergers: Taking A Company Public Without An IPO. It has some good information on R/M's and specifically about Reg D offerings.

[rnr324]

I am unaware of this 506 rule, how do you view this?
I am aware that now that I sold this will go much higher, I have that curse!
Just trying to alert everyone as I thought it could help. Hope you all the best.

[bullcents]

Rule 506 is good news. "Safe harbor rule." MSFT, Dell and other great companies have done this in the past in order to "weather the volatility storm." It's a way of raising capital rather than increasing company debt. This is good news!

[bullcents]

the company filed for exemption under rule 506! =) Hopefully everyone here stuck it out...

[rnr324]

First ever post, long time lurker. Bought this as IPOR and just saw they filed a REGDEX effective today. Sold for a loss. Good luck to any one that holds. http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001179090&owner=include&count=40
Wanted to add I tried calling and emailing no answer on either so I didn't want to wait.

[bullcents]

so whats the deal here?

[rbl100]

Agree, the DTC better get their A$$ in gear on these!

[Discovery]

Its obvious these guys are cheaters, they've changed their symbol twice.