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He is saying Ho Ho Ho on the Jersey Shore after the vote.
Santa where are you?
ddsi anyone know when the 500 old for one NEW FCKING GOES INTO EFFECT???????????????I BREAK EVEN AT .08 !!!!!!!!!!!!!
I hear you, I am living through the IPEI RS nightmare, down 97.77%. Gotta love these pink sheet stocks!
That PR, was the biggest crock Ive heard in awhile, overwhelming majority? Anyone know what the new stock symbol is/will be?
"overwhelming majority" is a lie. I would never ever vote for a r/s.
I owned 2 of the 3 you mentioned and think we have been robbed onced more. Sheesh!
I agree. My latest RS was from Paivis and it is still down about 90% after r/s. This r/s is kicking my ass lately. Sheesh!
Well now I got 4000 shares. I have seen 3 stocks do an R/S - AUGC - IPEI and PAVC NOT!!!!
I count them among my losses and do not expect to see a penny back. Can't sell them so I guess I own them forever until I need them to take a loss.
I think I have been "digitaled" (Given the finger) once again. ;)
I second your post! It helps only 2 people, Tony and Mike. IMO BUT I hope they prove us wrong!
I threw 3 bills into this
awhile back for a 3MM share lotto play and
I guess another one bites the dust.
O well...you never know.
We need to save this PR so that we can show them next year that they really help investors. LOL
Aren't they just a bunch of swell guys? One step forward and 500 in reverse.
Here you go:
http://news.moneycentral.msn.com/ticker/article.aspx?Feed=PR&Date=20061222&ID=6299864&Sy....
Shareholders Approve Digital Descriptor Systems, Inc. Proxy
SEA GIRT, N.J., Dec. 22 /PRNewswire-FirstCall/ -- Digital Descriptor Systems, Inc. (Pink Sheets: DDSI) - an industry leader in the development of Homeland Security and other commercial security-related products - today announced that at a Special Meeting of stockholders held December 19, 2006, the Company's stockholders approved a one-for-500 reverse stock split and a change in the Company's name to "Allied Security Innovations, Inc." In addition, they ratified the adoption of the 2006 Incentive Stock Option Plan.
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"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. By adopting the Stock Incentive Plan, management is enabled to reward employees for significant contribution and outstanding performance. The name change, to 'Allied Security Innovations, Inc.' will provide a better market understanding for what we do. The approval for the reverse split enables us to re-position the company in the stock market, while allowing us to fulfill our obligations. The key to our success in the long term remains with our ability to increase our revenue, while controlling costs."
As reported, the total shares voted were 13,650,152,352. For Proposition 1 (Stock Incentive) votes "FOR" tallied 6,281,390,783; Votes "AGAINST": 1,121,419,104 with 219,680,918 abstaining. For Proposition 2 (Name change) votes "FOR" tallied 13,314,548,299; Votes "AGAINST": 294,549,444; and for Proposition 3 (Reverse Split) votes "FOR" equaled 11,542,081,354; Votes "AGAINST" 2,087,843,177 with 20,227,824 abstaining.
"We have had a clear indication from our shareholders that they approve of the management of our company, its objectives and our strategy," remarks Michael Pellegrino, CFO. "We have taken a positive first step toward a strong future."
Even that they do not want to issue a press release on...Must ALSO be top secret.
just give me the R/s already so i can get on with things
tired of waiting and watching this
At that time I sold half and am now on free shares. But I have been in several R/S stocks and none ever recovered. PAIV being one. IPEI another. That one I still hold out hope for.
"Ya pays yer money and ya takes yer chances."
That's what a CEO should do if they are building a business.. When they take absorbent salaries and bonuses while the company is losing money, you know all they are doing is selling paper!
This is taken from a recent PR in another company, I left the name and ticker out so as not to be accused of spam,......... Tony's bloated salary and "job well done" performance bonus
pizzes me off the most, kinda like spittin in yur face
Stewart Garner has also agreed to convert his personal loans in xxxxx amounting to $175,000 to common shares of restricted stock at a conversion rate of 10 cents per share which would equate to 1,750,000 shares. Along with the news release of December 6th 2006 in which xxxxx settled all its old debt of $500,000 this leaves the company with no long term debt on the books going into 2007. Stewart Garner has taken no salary in 2006 and will defer any salary payments until June 2007.
Oh that was another RS disaster? I am referring to IPRE/IPEI. They first were going to issue a divi of a company they acquired, MUME. At the time MUME was .25. Now that stock is .004 or something and still no divi. IPRE split to IPEI and moved incorporation to NV. The stock slip to .30 and now is is about .03.
DDSI will RS to maybe 4 or 5 cen't a share and no reduction of O/S is a slap in the face of shareholders and a license to steal....IMO
I know that...I had a good run with USXP..back in feb/mar 06...so Im still in very good shape....
cardvic.. business doesn't matter in the ORCBB or Pink market.
Only what the company is doing with there stock matters!
Going long doesn't work here..
happy holidays
shorts
well I sold out two months ago at .0001 for a 66% loss. So I don't have to worry about it myself but I held this for over a year.
Its unfortunite but once again the company wins and the share holders lose. I bought thinking since they actually file it should be good? Ya right...
I am going to list this company in my heap of Stink pile on my new Spam and Scam board now. POS [DDSI]!
http://www.investorshub.com/boards/board.asp?board_id=7707
this was one of my early mistakes in the pinks...I figured legitamate biz..undervalued..etc...boy how I have learned.
for once I agree with you shorts....we are gonna get screwed royally....I still dont know the execution date of the r/s...do you?
another 90% drop from here.. In fact in might cost you more money in commissions to sell your stock or receive your certs!!
Oh well live and learn or is it live and burn?
Well i did a few simple tasks on Ihub, and found out a few things, I hub lists the 52 week high at 005, on Mar 9th 2006. So Im thinking, how is that possible, if you go to 52 week high on quotes, you will see it. It did reach that level, however im sure it was a fatfinger, or something, as it NEVER closed even close to that on that date. If you go back to historical quotes, and I went back over 14 months, you will see that this has NEVER closed above 0004. We are in for a good SCREWING ladies and gents.....
you must be referring to Doxey's PHBT/PRHB scam, am I correct?
R/S on pink sheets means we are screwed way more than 20%. On one of the issues I hold, the recently split and I have lost over 96% between the split and the post R/S dive. But they have done such a good job with the company they voted themselves a nice bonus. When the day is done, they got the last laugh at shareholders.
when does the R/S become effective? Anyone know...btw cable guy, I hope you are right and it is only 20 percent loss, that would be one of the best r/s results ive ever seen, and there would still be hope.
500-1 + 20% loss.
Any guesses on how bad we get screwed on the R/S?
Did anyone have any doubt about that? I am sure their bonus was passed also. Did they say anything good that will help shareholders or just ways they are planning to make more money for themselves with the R/S, no reduction of A/S and a bonus to go on top of their bloated salaries and expense accounts?
JUST CALLED
R\S APPROVED, PR WILL BE OUT SHORTLY
Looks like we will have to wait, to find out the official results of the meeting, this company is not big on putting out PR's anyway. Im betting the R/S happens, just the way it works...
Anyone on here go to the big gala meeting? I do not expect a PR for at least 1 week due to who and what they are.
The results will be the following:
RS will pass
Incentive Plan will pass
Name change will pass
Just penny stock logic.
all above IMHO
They get an incentive plan for such "good" work as the shareholders get shafted. Nice.
Anyone going to the meeting, or at least in a position to find out, and post what the results are?
Does anybody know what time the meeting is tomorrow?
It's the 19th according to the proxy materials I got.
Has anyone heard the results of the board meeting yesterday?
Thats not untill the 16th.
Anyone got the results of the board meeting that should have already been held today?
Is this company considering a r/s?. I needs to or it will remain in this quagmire.
Thanks GOlfguru - something to contemplate.
You have a company like PYCT that has an o/s of 22 billion with a history of lies and deceit going back to the MLON days. SEC investigation in their history,
no visibility or physical evidence of their financals or business plan and with a bit of hype they hit a high of .0005 yesterday.
I can,t even sell this stock for .0001.
Playing the honest game with no hype PRs does not seem to work in pinkie land.
GM
Scottrade sent me the Proxy on line also.
Which is reassuring in a way, knowing that they know that I am a stockholder.
Unlike other companies who don't have me listed as a shareholder.
ameritrade sent me the proxy online by email
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