Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Been lurkin for some time and finally blew my stack, (my buddie Jim Beam partially to blame) no I'm not sorry.
Its really pizzes me to see that xx thousand$ sitting there next to the DDSI ticker symbol knowing any day now it will evorapate to near 0 before I can even sell
cant they just get it over, let me die quickly, not slowly.
IMO Someone help me out here, how to read between the lines on these PR's. Do I have it right? TIA
By adopting the Stock Incentive Plan, management is enabled to reward employees for significant contribution and outstanding performance. = WE PLAN TO CONTINUE THE POLICY OF REWARDING OUR OUTSTANDING PERFORMANCE…..JUST DON’T LOOK AT THE CHARTS, BECAUSE WE'LL BE SLIDING FROM .05 TO .000 FAST SINCE I DONT PR SQUATFOR YOU.
The name change, to 'Allied Security Innovations, Inc.' will provide a better market understanding for what we do. = AND BETTER ENABLE US TO HIDE FROM OUR Ahhhhhhh SOMEWHAT TAINTED PAST OF SCREWIN U OVER WHILE I DID NOTHING TO SUPPORT PPS
The approval for the reverse split enables us to re-position the company in the stock market, = STILL PK
while allowing us to fulfill our obligations. = AND SINCE WE DIDN’T DECREASE THE AS WE CAN REPEAT THIS CYCLE ….HAHAHAHAHAHA
IMO Someone help me out plz. how to read between the lines on these PR's. do i have it right? TIA
"We are pleased with the majority support for our plan as described in the proxy," stated Anthony Shupin, CEO of DDSI. "An overwhelming majority of shareholders are behind our plan to grow our company. = A COUPLE OF US INSIDERS CONTROL TO MAJORITY OF SHARES….FK THE LONG TERM, FAITHFUL BAGGIES, SO LONG AS I GET MY INFLATED SALARY FOR DOING NOTHING .............WHAT? YOU DON’T BELIEVE I DO NOTHING FOR YOU? JUST LOOK AT THE CHART THERES THE PROOF!
I suspect today was R/S day, with no volume under the old symbol. Sure would be nice to know what the new symbol is.
Sorry I did not notice when you wrote your post. 0 volume today. Not a good sign.
Etrade still showed 0 10 minutes ago?
what was all the shares bought at eod?????
could be worse if PPS is actually below 0001 at r/s time
It will be when the BIG BOD files the paperwork. I rpobably has to be filtered through the CIA to decifer code or they sent it in a truck with one of their Top Secret truck seals or fancy smancy security tapes.
It will be as bad as it was voted on "by overwhelming shareholders support" to be 500-1. How much worse do you want it to be?
So is the R/S date and new symbol covered under some kind of confidentialty agreement also? Just wondering how bad it will actually be. One thing is for sure you can bet your a$$ the results will show you got screwed....
Yeah I will have to wait until next year since I will not be able to rid all this year. Besides, it is too late to do anything this year anyway.
Worthless stock? Would the proceeds be less than $5 if you sold it all? If it's more, I would just wait until next year and not take the tax loss this year. If my trade doesn't go through today, I'm going to take my order off.
I am trying to rid all mine but there are way too many wise retailers (who don't want to buy mine @ .0001). I know if I cannot rid them all before R/S complete, I will probably lose another 50% after R/S. My last option (which I hope I don't have to) is complete my "Worthless Stock" form and have Etrade rids of it for $1.00 and add it my pile of crappy stocks tax write-off.
What's even more BS is the fact that none of us can get rid of our shares even at .0001. If the bid and ask are both at .0001, there should be trades going through, but none since 11:18... f--- f--- f---
Vista: Thanks for the lengthly reply. The BS is totally BS. If we were to take a poll among retailers (excluding insiders), I can bet you that 100% of us would vote big fat NO vote. R/S is never ever good for us retailers. R/S only benefits the insiders simply because they'll turn around and give themselves a big FAT bonus of shares equal to what they had before R/S. Like you, I am down about 80% and it will only get worse once they complete the R/S since the pps will have more room for a free fall (mark my word). At this point, my 10M shares are worth a crap and I am trying to rid of them all at the moment.
BigMoneyAtl, The COMPANY is telling us that the vote passed.
As I understand this they only need a simple majority of the shares voting in favor, and that would be 51%. And, of course, they are also the ones "counting" the votes.
If you read the PR again you will see that it is very carefully worded, and probably for good cause. But the message is clear. There is a bold and highly questionable statement embodied in that PR. It should be challenged by us.
They say "...the majority support for our plan...". Majority of what? Shares or shareholders? Which plan? The one to R/S the stock? Sounds like BS to me.
They also say "An overwhelming majority of shareholders are behind our plan to grow our company."
Well, growth is good, and I'm certainly in favor of that. But just who IS this "majority" ?
From what I can tell from reading various forums, virtually NOBODY is (was) in favor of this R/S.
If they had, for example, 100 shareholders in total and 51% of the voting stock was in the hands of only 5, then they would only need the votes of those 5 shareholders. Certianly, 5% of the voting shareholders is NOT an "overwhelming majority". That is just an example to demonstrate my point.
I smell something very fishy about this! Either a lot of shareholders simply DID NOT vote, or else the company is exaggerating to the point of outright lieing in this PR.
Have you ever heard the term "plausible deniability" invented by Ronald Reagen? What it means is that IF you can't get caught in a lie then you can lie your azz off with impunity (no penality).
The company may have had the 51% share votes to pass this R/S but I seriously doubt they have anything that constitutes "overwhelming support". And they won't bother to prove their claim for the reason I stated.
In my opinion, the company is lieing about the outcome as described in the PR. This PR is probably just the latest of many PRs comtaining bold lies like this. They have become emboldened because they have always succeeded in these lies. This sucks!
I am a small shareholder here and I am terminally disappointed with this company. By "small" I mean less than 10 million shares owned and I'm now down ~70%. I am considering dumping out of this just out of disgust for the whole affair.
All just my opinion...
VV
If it makes you feel better...go for it.....
Ah yes I remember the days of fractions and calling the broker. But now with the internet, things are a bit more out of control. Been in the pennies since '80 on and off. Just gets addicting! LOL
Thanks for the info. and I have saved it for future reference. Company like DDSI is scamming the investors and we cannot do a darn thing about it because they all hide behind your legal jargon (ie. The Majority...they are the majority). RS is a death sentence to retailers because all my RS stocks have crashed and left me way worse than pre-split. Never once have I ever had a good RS in my trading years.
Usually when a vote is taken by the company IT IS NOT THE NUMBER OF SHAREHOLDERS VOTING it is the NUMBER OF SHARES HELD BY EACH SHAREHOLDER THAT COUNT.
For instance, if I own 10 shares and you own 1 then I out number you 10 to 1. My vote would prevail. You can never hope to out vote the big share holders. They will win every time.
This is what I understand voting to be IMO of course.
Happy New Year.
....im to old to carry the torch anymore. Been in pennies 15 years and remember calling the broker(no PC) and dealing with fractions. Ya gotta love it......
John, that is all well and good, but with the large amount of pink sheet stocks out there with the majority of them being scams, the SEC does not investigate most of the reports. There are other "Real" issues with other "Real" companies that, imo, the SEC kind of laughs at the penny stocks and believes, serves the shareholders right. I could be wrong, but with all of the scams stocks I have held shares in, never have any been investigated.
All JMHO
.....put pressure on penny stock companies if you think there scams,
Mr. jonathan Katz
Secretary U.S. Security+Exchange Commission
450 5th St. N.W.
Washington D.C. 20549
As a rule of thumb for me trading penny stocks, NEVER ever believe a word from a company regardless. The are ALL scamers. The only thing that matters to me is the price of the stock and asking my self ONE question... "Am I making money". If not, I move on to the next scamer and play the stock @ their own game. You can make lots of money if you can just stick with a winning formula. For me, I could careless what the company does, as long as I am make a profit (then I am a happy gambler).
Yeah, I thought most people didn't vote for the incentive plan. They flat out lied when they said an overwhelming majority of shareholders then. They should have just said an overwhelming majority of votes.
The Mis-management s/b shipped to Iraq and left in the Triangle of Death.
No matter what we vote, these f'uckers (the majority) do what they want. They change their name and do a r/s (robbery) and called it an overwhelming majority. They can run and took our money, they will crash and burn in hell.
The votes of shareholders in these crap stocks mean nothing. Majority shares always owned by management and they always get what they want.
Who on this planet, knowing this company, owning shares of this stock, would EVER vote for the incentive plan? That shows direct indifference for shareholders and a major slap in the face. I find that harder to digest than the R/S, since R/S's are more the norm in pink sheets than not. As a shareholder I say, "what have you done for us lately" and they pat themselves on the back and say job well done and "F" the shareholder, and double "F" them with no reduction in the number of authorized shares.
jmo
i voted against the RS too... did anyone vote for the incentive plan? i voted against that one too.
Im a survivor---I and I assume, most here are aware of what you say. I reply with a big " X " in a red pen so they will know how I feel. Useless-Yes-but at least I am venting.
Chucker
Odinpinetree---- " speak like a saint compared to------" compared to who and I fail to understand your post.
Chucker
Compared to "In My Opinion"
Odinpinetree---- " speak like a saint compared to------" compared to who and I fail to understand your post.
Chucker
alopex. I am in the same boat. At a reverse of 500 to 1 I would have 28,000 shares and would need a PPS of 0.2035.
Chucker
alopex. I am in the same boat. At a reverse of 500 to 1 I would have 28,000 shares and would need a PPS of 0.2035.
Chucker
They are an arrogant bunch. They just may be cutting the biscuit wheels off their gravy train! You can drain just so much before it's totally dead. The management or rather the unethical mis management has made this company a disgrace. I hope it comes around and bites them. K
Since the insiders control the majority of the shares, I never even bother to vote (since it carries no weight). Also, when they said the "majority", in translation...it means THEM (insiders). Legally, we small share holders can do nothing because they are the majority. Anyhow, I have already written this suck off and don't expect anything in return. I wish them luck and hope they all crash and burn in hell for stealing our hard earned cash.
Just by the fact that they would have the nerve to state:
"An overwhelming majority of shareholders are behind our plan to grow our company."
Proves that they have a comlete and utter disregard for shareholders and think us all as the fools, which we probably are for originally buying shares in this company.
jmho
Well, I agree that the majority of RETAIL HOLDERS did not vote for a RS.....No holder of any 'casino' stock would want a RS...In some cases a RS is actually good...for instance, during the bubble, alot of legit companies flew to the moon and did constant Forward splits. Once the bubble burst, many of these companies found themselves severly overvalued, with far too many shares outstanding for the company to ever be able to move forward without doing a RS...many examples, but look at JDSU. The gains on JDSU were astronomical during the bubble. But with so many FS's, after the bubble burst, the stock was like $1.50 ( down from $200) and it's only recourse was to do a RS. Not a biggie with 'legit' companies and if you look at a few legit companies that did a RS since the bubble, MANY of them have gone up and up since the RS.
But in the casino, you are 100% correct...RS's are the kiss of death for any casino stock.....and yep, no doubt the MAJORITY of RETAIL HOLDERS did NOT vote for a RS...but with a company like this with 100 zillion shares<g>, most controlled by the insiders, EVERY single retail holder could vote no, and the insiders still control enough shares to get the 'majority'.
In fact, I always wonder why retail holders even bother to vote when casino stocks do a RS. It is a 100% waste of time..your vote means nothing, when insiders control the majority of shares......
SHUPIN SHOULD BE HUNG WITH SADDUM
Of course, there is always the REMOTE possibility that the reverse split and name change will prove to be good for the company, though I'm having a hard time seeing how. There have been no announcements of business through the door since the summer, a couple of postings of financial claims based on that apparent lack of business, and then the announcement of the R/S. With what I will have left after a 500-1 R/S, I need the PPS to go up to .19 to get my money back (and I can't even post the sell order until I know the new symbol)...
Chucker you speak like a saint compared to IMO
" the overwhelming majority" was probably company shares and share owned by insiders. One thing for sure it did NOT include my 14 million shares.
I question if the outstanding will be reduced if there is any reverse split. Those shares are too tempting to the green eyes of the insiders.
Chucker
p.s. I am aware I should not be talking against a company where I own shares but DDSI is starting to make me feel like enough is enough
I'll drink to that! Cheers!!!
Buy hi - Sell lo - Right! Am I doing it wrong??? ;) lol
Lets hope the noo yeer brings a porsperity and reverses the trend,
Happy New Yeear!!!!
Don't you know that tape and truck seals and computer fingerprint technology is such a high tech business that it cannot be disclosed? LOL The major military suppliers/manufacturers disclose contracts, but if The State of New Jersey buys a roll of "security tape" then it is too Top Secret to PR. When there is no news, then there is nothing to PR.
These guys should PR how much money they are making off our backs...imo...Big salaries, 600/mth for car, New incentive plan, R/S with no A/S reduction which fills their vault again.
The thing that would be nice to see after the R/S is to see the Conversion is done and the A/S is reduced...That should help with the pps...but doubt that will happen, because then their bank accounts will not be as fat as they probably currently are.
..again...all IMO
The "overwhelming majority" approved the plan to grow the company, the man said. It was very broad bollocks...
Re: the incentive plan, what supposed work are these supposed employees supposedly doing so well? These people haven't PR'd anything about specific about deals or business since July....
O.T. Mr. Dale. I am also an owner of shares in PBLS and have been for some time. It is my old adage---Buy HIGH and hold or sell LOW. I also like BIGN and their upcoming stock dividend and CKYS.
Okay too much talking about stocks other than DDSI. Others here may get either angry or they may look up yhe stocks we are discussing.
Chucker
Right now all by begs are in one ask it. PBLS.
I can only hope it makes me some $$$$$$$ this year,
Appy Nooo Yeeer to all youse.
Mr. Dale. That is two of us. No sense selling, so may as well marry the stock.
Chucker
Followers
|
36
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
3403
|
Created
|
10/03/01
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |