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MLDS: SEC Admin Law Judge Initial Decision to revoke:
http://www.sec.gov/alj/aljdec/2013/id509ce.pdf
The details of the activity are several days after the suspension date. Evidently they are continuing operations as a corporation, ie. they have reasons to maintain a corporate identity.
No reason for a shareholder to be impressed, but hopeful.
Nevada SOS says they are still active for another year.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=7TYLnRNd8W%252b2mEOmPCc9Tg%253d%253d
Still can't trade without a 211 filing. They can't get a 211 without reporting the financials to a broker. Might never trade again.
I am crossing my fingers for a distribution. A penny makes me whole, but I think it's worth at least 10 times that. They should just buy out the minority holders. Filings are too expensive.
How to turn bad news into good news?
The bad news is this stock isn't trading.
It wasn't trading before.
Now, Nick has to do something. He wasn't doing anything before.
Nick and Duncan held the debt paper on the Real Estate, and their businesses paid the rents. It's not like anybody else could foreclose. This was a slam dunk as far as a legitimate equity share.
Maybe dissolution and a meager payout would be nice?
Is this crazy, or what? Do they just send out the suspensions, or did they contact Nick first?
Maybe Nick will save a hundred dollars by not having to file with Nevada SOS this year?
Of course, I knew this would eventually happen. You have to file. Now they have to update all the financials, and get a 211 to boot, or this never trades again, and Nick and Duncan walk away with $6 million worth of Real Estate with no accountability.
News out? Time for Nick to make a movement, or get off the pot.
MLDS - SEC suspension
Million Dollar Saloon, Inc. (MLDS)
http://www.sec.gov/litigation/suspensions/2013/34-70432.pdf
Release No. 70432 / September 18, 2013
The U.S. Securities and Exchange Commission announced the temporary suspension of trading
in the securities of the following issuers, commencing at 9:30 a.m. EDT on September 18, 2013
and terminating at 11:59 p.m. EDT on October 1, 2013:
Million Dollar Saloon, Inc. (MLDS)
The Commission temporarily suspended trading in the securities of the foregoing companies due
to a lack of current and accurate information about the companies because they have not filed
certain periodic reports with the Commission. This order was entered pursuant to Section 12(k)
of the Securities Exchange Act of 1934 (Exchange Act).
It might be strange to find any honor at a strip club, but I have to admit that I met the classiest woman ever in one.
Doesn't lend any actual credibility to these guys, but it sure doesn't hurt to know that some in the profession have an honest living to make.
There are actually laws on the books which explain the rights of the minority shareholders.
That and $3 might get you coffee at Starbucks. Our poor system is overworked and has less efficiency than the Keystone Cops.
It's mostly an honor system, and have you seen any honor in the last ten years?
Yes, and no. The company still owns the Real Estate, but I figure the cronies are working hard to get that, too.
Would be an interesting case for the SEC to look at.
See the next post.
so ya thinks still ah real company?
There aren't many shares in public hands. Someday, maybe someone will talk to Nick about a real public presence?
IDK.
OTOH, maybe one of them will pass it on to their kids, and we'll get action in a few hundred years.
How about that bid?
Not mine. Is it yours?
This company still holds a boatload of Real Estate.
Nice bid move.
Take out the ask. I own the cheapies, and I am not selling.
All of these beautiful women, and I am still bored.
I'll be sure to post it here.
With any luck, the SEC will gently inform Nick of his filing and fiduciary responsibility. He has a debt to the minority shareholders. This is not his personal piggybank until he owns 100% of the shares.
A "going private" transaction would solve everybodies problems, but I think I would rather he turned it into a REIT.
if you get any updates please forward/\
re;
Would be nice to get a filing.
Probably won't do anything withour publicity, too.
These guys aren't your typical slick operators. They are taking the shareholders equtiy in quiet mode.
Would be nice to get a filing.
Probably won't do anything withour publicity, too.
These guys aren't your typical slick operators. They are taking the shareholders equtiy in quiet mode.
dats what i like to see /\
re;
Current price is chicken feed for the amount of Real Estate this company allegedly owns.
Current price is chicken feed for the amount of Real Estate this company allegedly owns.
thank you for update/\
re;
Best thing I can say is "no news is good news."
D. Lynn Ross has a public resume on the internet that says she was continuing to do rent collections after the Real Estate crisis.
One might assume that this means the Real Estate possessions are still in the companies possession.
OTOH, the board had no problem taking the cash away.
Best thing I can say is "no news is good news."
D. Lynn Ross has a public resume on the internet that says she was continuing to do rent collections after the Real Estate crisis.
One might assume that this means the Real Estate possessions are still in the companies possession.
OTOH, the board had no problem taking the cash away.
Real Estate going great. C'mon Nick, I need a report.
Wow. That's gonna look good on my account balance.
C'mon Nick. File something.
C'mon Nick. This isn't 2008. The real estate is worth something.
Let's get this thing moving again.
I found D. Lynn Ross resume on the internet.
She is apparently seeking a new employer. Do they even know the company is still public?
Thanks
I just picked up some shares.
Hopefully they will file some reports. The "active" filing with Nevada is a good sign. I also noticed their subsidiaries are still active in Texas. Before their website went down, they were advertising services at another venue.
Before they stopped filing, they had some considerable Real Estate holdings.
VOLwatch /MLDS,
noted...328kVOL@.001 01/08/13,
.006 last
http://ih.advfn.com/p.php?pid=historical&symbol=USOTC%3AMLDS
Maintained Active status /NV SOS...2012-13,
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=7TYLnRNd8W%252b2mEOmPCc9Tg%253d%253d&CorpName=MILLION+DOLLAR+SALOON%2c+INC.
I tried to buy back in yesterday. Broker insists on a phone call. I said fugetaboutit.
I would have a bid at about 8 cents. Probably wouldn't get anything but a smartass MM with 100 shares.
GLTY. I see that the float is being bought up at the right price, IMHO
Nice!
Bid up to $ .135 after my comment.
In my personal opinion, it's a fair price.
I doubt that mine would qualify as a "fairness opinion" from a minority shareholder, but it does seem fair and it is my opinion.
Just to let you know.....
I'm out. I believe the owners of the company are consolidating their position. It's like buying up the rights to their Real Estate holdings. Unfortunately, the property is probably "dead money" for a while, and I have other uses for the cash. They haven't been interested in managing a public corporation and have apparently moved operations to other entities they own.
Best of Luck.
Looks like a new Net-net investor is born.
Somebody is parking some cash against the assets.
Watch out. Low stock price might wake these guys up.
There is just something about opening up your brokerage statment, and finding out that your portfolio has just lost 50% that opens up your eyes a bit.
If nothing else, the owners probably get an annual statement. Nobody takes delivery on shares, do they?
OTOH, there's something about nekkid wimmen might keep there eyes too busy to look at financials.
Why hasn't this stock reorganized as a REIT?
Operations are gone, and they own Real Estate. REITs are trading near the highs. Ok, well, commercial real estate still sucks.
I wouldn't buy a REIT, but I would buy this one for the real estate. ;)
C'mon you guys, get this thing current.
Build out that 6 acres. Do something. Get the website back up.
http://www.corporationwiki.com/Texas/Dallas/tempo-tamers-inc/31433715.aspx
Corporation listed as "active."
These guys list annual sales at 3.7 million.
Geeeez.
http://www.allbusiness.com/companyprofile/Tempo_Tamers_Inc/A40F1786626DEB23C0A8B345FBDF9A45-1.html
Filings aren't in the budget?
I suspect the numbers are wrong, but D&B? It would be nice to see a current balance sheet.
Website in default?
www.milliondollar.com
Somebody forget to pay the fees?
Nice paint. How about some real interest?
Somebody stealing shares?
or someone else is giving them away.
I hate margin calls.
22 cents in cash per share. P/E between 3 and 5. It's a crazy world.
Bid it up. No shares for sale. To the moon.
Big purchase. Almost enough cash to pay for a lapdance.
Recalculated target. 40 cents. At least until I determine what created the loss in the Dec '07 quarter. I might have to dig down a bit. $1.20 could still be accomplished within technical limitations.
Hard to believe nobody but me and the rich guys caught on to this volume and price breakout. I have a target of $1.20 barring any additional financial disclosures. Such disclosures will modify my target, based on the income growth or contraction from the recent numbers.
Rich Guys? Somebody threw a wad of cash at this last week.
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