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: Raspberries :
any luck on pictures?
Thank you .. sure love to see pictures... and information you can find.
Done,.....i'm also still trying to get over there to take pictures......bear with me,also trying to find out what schools are getting modules......i pretty sure William S Hart school district in Southern Ca. is leasing modules from Global through the Impact Leasing name..trying to varify
Raspberries
could you make change on the IBOX please... it's not accurate when come to share count. What you have there is
As of March 22,2008 there were approximately 261,599,711 shares of common stock outstanding,of which approximately 90,338,310 were tradable without restrictions.
(Updated by the T/A on 04/0/2008, O/S-264,823,533 Float-90,348,310)
Please change As of March 22,2008 there were approximately 261,599,711 shares of common stock outstanding,of which approximately 90,338,310 TO
As of March 22,2008 there were approximately 264,823,533 shares of common stock outstanding,of which approximately 90,348,310
I called on Feb 28, and March 19. And those were the numbers I got. Therefore, your 261 millions is not right.
Ahmm... I am no expert in this.. you can get them on the IBOX but I have no clue how to. I wish I could help because we need those pictures to get more interest.
Thanks... Glad to have you actively monitor this thread. Thanks... :)
Maybe you can ask those who run IHUB how to or other moderator on other stocks?
I'm so happy the board information has been update, I could spit. Thank you, thank you, thank you. Chipwa1
No problem Hans....speak your mind..your posts will not get deleted....unless u question my manhood (lol)...i'm here to try and get this stock going....but i will call it as i see it...although i may be wrong ...that's where other posters come in ..to set me right...i'm going to get some pictures...how do i get them on the web?..so everyone can see them
Raspberries
sorry about the frustration.
Ok.. the series B preferred is 1:200 You can calculate that from $3,484,294/696,858,800
So 1,484,294 preferred shares x 200 = 296,858,800 common stock for the six note holders. That is if they wants to convert from 1.484 million preferred shares to common stock.
The other $2 millions (or 2 million preferred shares are to be converted in the future if they chose to) That will equal 400 million shares of common. The price is fixed already at .005 a share.
Then we have series 1 warrants @ .01 and series 2 warrants @ .02
The conclusion: Those who finance this seem to think that .005 is the rock bottom price and that is a super bargain price. I almost think they are the one who drive down the price so they can get lots of shares in this financing deal. That is usually the case.
So if they are to sell those 696 million into the market at handsome profit, they will have to push price up and start releasing shares into the market. 696 millions for GDVI is going to require lots of momo and interest. Also warrents at .01 and .02, that is very high consider to the current price. But they stuck such deal, what do they know we don't know? Why are they so sure that they can profit from such deal? For them to pay .02 a share and release hundreds of millions of shares at .02, they would have to push price up to .08, .10 and up.
What do they know we don't know? Big contract is coming? Did they stuck a deal with a company to sub contract projects? Did they work out a secret deal with CA officials and are guranteed a large project or two? AHMMM
In any case, I am holding .. Float is under 100 millions, I am cool with that. $2 millions new finance is, to me, showing that someone has enough confidence in this company and it's future.
Net book value is 4 or 5 times higher than current price. So I am cool with it. I won't let my shares go under .02, that's the way i roll on this stock.
yes,i know what a warrant is
we are dealing with 3 seperate payouts
1. (series 1 warrants) @ .01
2. (series 2 warrants) @ .02
and
3. (series B Preferred) valued at .005 per common share,which would mean 696,858,800 common shares,right?...at a 10 conversion rate, that would mean they were issued 69,685,880 preferred ,right?.....how could that be?....where on the 8-K from Feb.28th is a 10 conversion rate mentioned....i'm probably over looking it...the only reference to the preferred is that they are "blank check".....you seem to be getting a little frustrated or am i just reading to much in your posts.......i will tell u upfront i'm no stock expert,so bear with me a little
Great job you two, thanks a million. Chipwa1
read the filing again and read that filing on the deal of $2 million recently. You would know that all numbers were dicussed here already.
It's 1:10 for preferred. Those at .005 would be under 700 millions ... That is the one that can convert at .005. The rest is WARRENTs
Also do you know what WARRANT is? To exercise the warrant, they have to PAY FOR IT at the set value to gain the shares. It's NOT FREE.
So if the warrent is at .02, to exercise it, they will have to pay .02 a share for each common share to be issue. The company will make money.
unless i'm wrong...$3,484'294 divided by .005 (stated value) = 696,858,800...(same amount as the series 1 & 2 warrants) divide that by a conversion rate of 10 would equal 69,685,880 preferred shares..so a conversion of 10 can't be right if they only have 13,500,000 preferred available....more like a 100 conversion rate,which would be 6,968,588 preferred shares...of course with blank check preferred shares they can be any amount they want .....what scares me is 13.5m preferred that at a 100x conversion rate equals 1 billion,350 million common shares protected by a reverse split......not saying it's going to happen,but as it stands now 50% of all authorized shares are protected assuming a 100x rate..............if i am wrong about any statement please feel free to set me staight...........Han2004, i think i remember seeing u on ETMO now EMOC ,so u know that u have to have your eyes and heart open when dealing with OTCBB / PinkSheet stocks and their CEO's....I just want to find out/investigate things, good or bad and be honest and above board...........
Preferred shares is convertable at 1:10. Read the filing. The financial of $2 million recently has covered this ... and how the deal is lay out. There is no surprise there.
Also, currently the preferred shares so only a fraction of the A/S preferred.
It seems to me that the financer belives that this stock should be traded ways over .02 ... that's why they will get to exercise the warrants at .02 For them to sell shares gotten at .02 for the amount of shares to be exercised, share price would have been at .10 or so with volume.
I think right now is just rock bottom price. Someone has been trying to drive investors nutz and sell shares. It's very clear.
Per recent finance, this company should have no business trading under .02 and the rock bottom price is .005 per agreement and warrants and convertion deal at the lowest price serie.
i,m a little leary of the "blank check" status of the 13,500,000 preferred shares.which means the conversion rate can be any amount the Board of Directors deem fit.they are virtually blank checks..can be 5x , 10x ,100x on and on...but u r right not knowing the ins and out of the deal,it would seem someone has faith that the stock price will rise from it's present .004 - .005 range.....while i was at first shocked/outraged by the A/S increase,i can see how sometimes it is needed to do for a smaller to grow and/or expand....let's hope that is the case.....but u got to admit it has seemed to spook the market a bit ....virtually no volume lately..i know it has never been a BIG trader but ( 0 )volume days lately......
Raspberries... I also keep track on O/S. FWIW
Obviously there hasn't been shares increased when you called on April 4. It's to note that no one knows how many insiders are holding out of 90 millions shares. I would say, almost most of it and that they are trying to get all of it and take this company private. Book value is already 5X of this pps. I would take it private.
GDVI CURRENT SHARE STRUCTURE:
UPDATED as FEB 28, 2008, MARCH 19, 2008
O/S: 264,823,533
Restricted: 174,475,223
FLOAT: 90,348,310
raspberries, i started this board and done the ibox along time ago. i was going to update it but they took the mod.away its not to hard to do.would be nice to see it updated.if need help let me know.quacker
From the T/A today : O/S= 264,823,533 , Float=90,348,310 , A/S=400,000,000 (?) They do not know of a increase as of now..... any thoughts?......i will update the I-Box as soon as i figure out how...lol.....i am digging deep to find out more info on our company....will say the good and the not so good...fair enough?..hopefully it's all good....i hope to go to the plant and talk to Mr.H and tell him i'm a moderator of a board and see what he has to say...i just don't know how to approach him.....thought's ......nite all.......got to go play poker
maybe all the trucks are out deliver stuff? You said you "drove by"
Good idea han2004fl, maybe a car count too. Chipwa1
could you take pics next time and post? Thanks.
My sensere thanks again for driving by and checking up on the factory. I can picture things in my mind, because I've been there a few times now. Chipwa1
drove by today,some cars are there.but i didn't see any trucks...quite a few modules in the back,that look wrapped and ready to be shipped
no problem,what i DO like about Global is the fact that i can actual see this company,unlike most or all the otcbb/pinks that i dabble in.i know it's not a front to sell shares for a living......lets see what we can do here
raspberries. Thanks for stepping forward. I would like to help if that becomes the case. chipwa1
since i live in Chowchilla,maybe i can get some info as to what's going on with the company.....Chipwa...was/is Phil ok with share holders visiting the plant and asking questions?any suggestions on what to ask if i do?
any objections if i become the board mod?.....
Well, in my best advanced age defense; I believe the factory was almost shut down and this past quarter is normally a slow one. There has been reports of a lot of units being moved to the field. When I made my visit last year there were about sixty units sitting on the factory site. Now they only build to order, so one would assume these are headed to a contract site. Chipwa1
Chip, that's what we thought last quarter. Remember!
The Quarterly Report just came out and I took a look at the Balance Sheet and IMHO the Company will go forward; the next quarter should be rather good. Then the follow quarter should even be much better. For what its worth. Chipwa1
they already strike that $2 million financing deal. Minimum convert price was .005
.005 should be the floor/bottom. But it seems someone wants to push it lower and keep it under .005 I am not sure why. Currently there are about 260 millions in O/S and only 90 millions in float. I would think those 90 millions will be scooped up very easily if we have great news. PPS will rise very fast. However we don't have any news to create momentum.
trucks have been moving modules to Victorville area quite regularly lately.It should be this way for the next few months.To me a lot of Global's problems are do to past reputation of not paying owed debts.Also i think they are past the bond issue.....the down side is paying debts with shares for awhile,but that will be over soon.....i/we hope
Oh, by-the-way, could use a little support on www.ragingbull.com too! Chipwa1
I think there is a chance GDVI might just see an improvement in their reports in the next six months. Since dsp is the Moderator of this board; I'd like to request that you, or someone else update the data shown here and make it a little more inviting to new investors that might pass through. That does mean I want to exclude one side over another, I would prefer a balanced story on the Company. Any thoughts on this subject? Chipwa1
Is it just me, or did Phil hide the loss in the 10QSB filing. I think that is poor on his part. Not my favorite filing to say the least. Chipwa1
this stock is at the bottom cheap price and it's not going to move anywhere till 1) good news such as lawsuit settlement or winning 2) win contracts 3) other good surprises 4) big money decides to play this 5) MMs want to move it.
10QSB is out, for the nine months revenue up 1/2 mil, loss 1/4 mil. Neither the bashers, or the pumpers can gloat. Chipwa1
It's true that A/S has increased to 2.763 billions it doesn't neccessary mean that the O/S will increase to that many shares.
But we can very much figure that if the financers choose to convert total debt of $3,484,294 ($2 millions new money + $1.484 millions of old debt), there will be an increase of 696,858,800 million shares. And that is valued at .005 a share. Currently financers have them in preferred stocks making 12% annually. So conversion now is definatly not in there interest. If the stock price go up to .03 to .05, they will convert since there will take a lot for the market to absorb 696 million shares.
As for WARRANTS at .005 (broker, 40 million shares), .01 (736 millions: 696 + 40), and .02 (736 millions: 696 + 40) Total of about 1.54 billion shares, I don't see that most of it will get exercised. Why? 1) for someone to pay .01 or .02 a share for over 1 billion shares, they must make sure that those shares can be sold into the market and that they make money. Unless they can push PPS of GDVI up to .10, I don't see these warrants at .01 and .02 of the total of 1.472 billions get exercised.
I personally don't think that 696 millions at .005 will get exercised neither. Preferred stock holders (total of the debt of $3.4 millions) is probably going to hold the debt and enjoy 12% return. Trading volume of GDVI doesn't support the thought of dumping 696 millions into the market. That is not only thing. If they were to dump that, they will make sure their average price will be higher than .005 a share. I don't see that will happen easily.
If they choose to do a part of it, they will have to push price up to .03, .06 ... I am ready for that. Let's do it.
warrant is a security that entitles the holder to buy stock of the company that issued it at a specified price, which is usually higher than the stock price at time of issue.
Warrants are frequently attached to bonds or preferred stock as a sweetener, allowing the issuer to pay lower interest rates or dividends. They can be used to enhance the yield of the bond, and make them more attractive to potential buyers. Warrants can also be used in private equity deals.
Here what I got from the filing:
1) Outstanding debt of $3,484,294 ($2 millions new money + $1.484 millions of old debt) can be converted at .005 a share if the financer choose to. Total shares to be converted is 696,858,800 million shares.
Are they restricted if the financers choose to convert? But one thing I know is they have to push PPS up much higher than .005 to push those shares into the market. So let's hope .10 is where they are pushing to.
2) There will be 40 million WARRANTS exercisable at .005 for the broker.
3) There will be WARRANTS of 696,858,800 shares exercisable at .01 + 40 million warrent shares for the broker.
4) There will be WARRANTS of 696,858,800 shares exercisable at .02 + 40 million warrent shares for the broker.
5) GDVI raised close to $2 millions in cash after expenses.
6) Preferred A/S was increased from 10 millions to 13.5 millions
7) Common stock A/S was increased from 400 millions to 2.736 billions.
8) O/S hasn't changed. It's stil around 175 millions. Float is still around 49 millions.
9) The increase in A/S is to cover the base just in case those debt of $3.4 millions are to be converted and also to be in good faith to cover the warrants at .01 and .02 .
10) if the debt is paid off there will be no convertion and that A/S can be reduced.
Did I miss something or get something wrong?
I think this is going to behave like ETIM if you remember.
PPS was pushing down hard to .0005 then they annouced that the financing is done. Soon after price went to .0085
What happened was financer pushed the price down knowing the company will need money. Then when they think it's the bottom they strike a financing deal and get the most shares out of it. Then they have to push up the price so they can release shares into the market. They did to .0085 from .005
I would think we will see the same here soon. ETIM did 17X. I hope we do 10X from this current price. I will be very happy.
What I surprise is that the company did financing for $2 millions. Why that much if they don't need it? They will have to pay interest every qtr at 12% per year. Their burn rate have been floating around ONLY $100K area for the last qtrs. There is no need for $2 millions financing.
This brings me to a conclusion that $2 is needed for some projects that they are about to take on. Let's hope that PHIL will communicate with the shareholders more offen. Let's hope the financers have arms to pump the stock up.
Also .. $2 millions in cash . Why are they deciding to do such hugh placement for cash, after all their burn rate is very low .. last qtr was only 180K?
Can it be they just win a large contract or two and need money to get the project going? Can the money be for the bond?
I don't know about you but I think we are about to get a lot of good news coming to run up the pps.
If you haven't looked at Weekly chart, take a look at it. I hope this is truly the bottom and we are going up from here. I am no longer expecting .25 a share but I do expect .03 to .05 a share.
People fail to realize that the increase in A/S had to happen accomodate those conversions. They are at .005, .01, .02
If we look at it in a positive perspective, share prices have to be over .005, .01, .02 for each conversion. Why do the financers believe that they can convert at those price minimum and make good money? What do they know that we don't know?
Will financers give new fresh money to the company if they think the company is going down the drain and they can't convert for huge profit? I think NOT.
To me, the filing was good to show that something is in the work and that the company is going forward. It also tells me that the lowest base price is .005 but I should expect much higher than .02
As you know that the brokers also got shares at .005, .01, .02 You think they will strike such deal if they don't think they will make money out of this?
It's obvious to me that soon there will be lots of interest and volume on this stock. Someone in power will pump this up to release shares into the market. Just make sure that when it's up you get out.
it was so nice to see net book value at .025 a share. Now it's not that unless the company pay off the debt before the conversions take place.
I still think this one will see at least .02 a share. No more .25 a share.
you can pretty much count on that. next no more filings a trip to the pinks,
no,the impending reverse split will be though
is this the end,? i had hope for this company.
raspberries. Yes, this is a fine mess we find ourselves. Bummer. Chipwa1
A/S of common stock increased to 2,736,500,000..isn't that lovely
Hi Climber, nice to see you here. As you might know, I got out a while ago, but started recently to load again in the deeps. I think this will start moving up soon, and hope you'll (finally) start doing what most of us are doing: (i) diversify (have your eggs into at least 10 baskets at any given time), and (ii) Get IN near the bottom, and OUT after a decent gain (don't ever fall in love with any penny, or larger cap for that matter).
Mike
---------------------
OT -- If anyone cares to look at it:
CNAG (@ 0.06 - from $2/share in December)
For the 9 months ending on Sept 07 (posted as "10-K" in January):
http://biz.yahoo.com/e/080110/cnag.ob10ksb.html
My rethorical question: can a company with over 550 employees, posting more than $3 MM net revenue for the nine months ending Sept 2007 (on a $50 MM gross revenue), and OS of only 80 MM trade @ 0.06? I might miss something, although I checked out everywhere, and could not find any reason for the drop as of late.
If anyone interested, let's do some detective work, shall we? A good start:
http://www.google.com/search?hl=en&ie=ISO-8859-1&q=China+9D+Construction+Group&btnG=Search
This might be the one people will be talking about next week (unless I'm missing something). Besides several MSGS I posted since last night, the only active MB as of last night was a Yahoo MB, and it contained a single MSG (someone bought it @ 0.2) posted several days ago. Plus, from the 10-K, the company has only 20 shareholders. The above tell me people don't know about this puppy, and I only can explain the drop assuming on panic selling. My Buys (bought more than half of Friday's volume) @ just above the Bid (e.g., @ 0.091 - when the highest bid was 0.09, and @ 0.081 when the bid was @ 0.08, etc.), must have contributed to the confusion.
Well about this time next month we should see the Q and maybe some news with its release. Sure has been quiet wouldn't you say? Chipwa1
MMs or someone is desperated, he did 100 shares at .0055 to pull price down from .008 This is amazing.
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