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$IDGC: ID Global Corporation Retains International Creative Licensing, LLC to Assist in Intellectual Property Valuation
Source : PR Newswire (US)
Stock : Idglobal Corp. (PC) (IDGC)
CHICAGO, June 10, 2014 /PRNewswire/ -- ID Global Corp. (OTC: IDGC) is pleased to announce that IDGC has retained International Creative Licensing, LLC., an intellectual property firm, to assist in valuation and licensing of its Intellectual Property (IP) of current portfolio companies. The first company, Jack Rockwell, Inc., currently holds multiple patents for its Farquest™ Machine and is exploring several opportunities regarding its IP.
Sebastien DuFort, president and CEO stated "We are excited to engage a firm that has the ability to help with the valuation process of our portfolio companies assets. This will be a key process in vetting current and future intellectual property to ensure our investment capital sees a return."
About International Creative Licensing, LLC.
International Creative Licensing (ICL) is a boutique licensing and consulting firm specializing in intellectual property portfolio management and brand valuation. Founder Bill Uglow, former Disney executive and Todd Uglow, court approved expert witness in the area of right of publicity law and intellectual property valuation have worked on hundreds of IP projects. Past and present clients include, but are not limited to, Disney, LucasFilm, and the four major US sports leagues; most recently the National Football League.
About ID Global Corporation
ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities in North America. IDGC seeks, through debt and equity investments, controlling interests in established companies as well as special situation start-ups.
- Go IDGC
$HPNN: Hop-on Returns One Billion Common Shares to Treasury
Date : 05/01/2014 @ 7:15AM
Source : Marketwired
Stock : Hop-on, Inc. (PC) (HPNN)
Hop-on Returns One Billion Common Shares to Treasury
TEMECULA, CA--(Marketwired - May 1, 2014) - Hop-on, Inc. (OTC Pink: HPNN) (PINKSHEETS: HPNN) is pleased to announce that today it has returned one billion (1,000,000,000) shares to treasury. These shares were held in escrow in anticipation of conversion of debt by the Company's long term debt holders, and these debt holders have elected to take, under their Debt Exchange Agreements, preferred stock of the Company, thereby allowing Hop-on to return these shares to treasury.
In conjunction with the press release yesterday, this means there will be no dilution of Hop-on shareholders from debt conversions for over a year and a positive $7.1 million paid in capital on the balance sheet.
Announced previously, the Debt Exchange Agreements removed $7,162,000 in debt from Hop-on's balance sheet. Not only was the long term debt removed from the balance sheet, but the conversion to preferred equity provided a boost to the stockholders' equity portion of the balance sheet, and this amount is now booked as additional paid in capital. This positive financial move will be reflected in the next financial statement filed by the Company.
Peter Michaels, Hop-on CEO, stated, "As promised, Hop-on is not diluting the current shareholders. In fact, with this staggering number of shares having been returned to treasury, we have compressed the shares outstanding even more. This is positive for current and future shareholders, as the value of their investment should not be diluted, adding value to their commitment to Hop-on. At the upcoming shareholders' meeting, we look forward to discussing upcoming potential mergers, our goals to become a fully reporting public company, getting off of pink sheets, and enhancing shareholder value even more as the year progresses."
About Hop-on, Inc.
Hop-on, Inc. is a global ODM and OEM manufacturer of electronics, based in the United States. Over the past 20 years, Hop-on has successfully secured essential patents for mobile communications and computing technologies, and is respected for developing the world's first disposable cell phone. Hop-on's focus on smartphones and innovative mobile device applications is bringing cost friendly solutions to today's demanding world market. Hop-on is also diversified in nutraceutical and cannabinoid technologies through its subsidiary Re-Medical, Inc. For more information, please visit www.hop-on.com and www.re-medical.com
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
Additional Information
For additional information, please contact Shareholder Services at: (949) 756-9008
CONTACT:
Hop-on, Inc.
Shareholder Services
(949) 756-9008
- Go HPNN
$UNQT: Union Equity Inc. Announces Current Status Update
Date : 04/15/2014 @ 8:15AM
Source : Marketwired
Stock : Union Equity, Inc. (PN) (UNQT)
Union Equity Inc. Announces Current Status Update
INDIANAPOLIS, IN--(Marketwired - Apr 15, 2014) - Union Equity Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT) and CEO JT Thornburg are pleased to announce new updates on acquiring current status. In accordance with the new rules and regulations handed down by the OTC, all forms and documents have been filed. All associated fees have been paid to all agencies accordingly. Corporate financials are currently in the process of being finalized. Upon completion, these will also be submitted to the OTC.
Union Equity Inc. is also pleased to announce that the short term goals and vision from the CEO remain unchanged. Mr. Thornburg and the board of directors are pleased with the recent happenings in becoming current, and look forward to finalizing this adventure. Mr. Thornburg states, "The recent events involving our company has shown me how far we have already come, and especially how far our company can go." He goes on to say, "With our board of directors, securities attorney, other personnel, and the backing of the shareholders, I feel like we can push Union Equity Inc. to the top."
Union Equity Inc. will make every attempt to provide informative press releases as information becomes available. Although news may not be available every week, Mr. Thornburg and the board of directors believe that it is important to keep the shareholders current in the recent happenings of the company. Mr. Thornburg would also like to remind the shareholders that he is always available to be contacted at his email address, jtthornburg@live.com.
Contact:
Investor Relations
Phone: 317-575-4113
Email: jtthornburg@live.com
- Go UNQT
====================================================================
$UNQT: Union Equity Inc. Announces New Corporate Securities Attorney
Date : 04/01/2014 @ 8:15AM
Source : Marketwired
Stock : Union Equity, Inc. (PN) (UNQT)
Union Equity Inc. Announces New Corporate Securities Attorney
INDIANAPOLIS, IN--(Marketwired - Apr 1, 2014) - Union Equity, Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT), and CEO JT Thornburg, are pleased to announce that Union Equity Inc. has retained as corporate securities attorney, Matthew McMurdo, Esq. Prior to starting his own firm in 2008, Mr. McMurdo was Of-Counsel at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., in New York from August 2007, where he specialized in securities transactions and private equity and venture transactions. From April 2006 until August 2007, Mr. McMurdo was an associate at Greenberg Traurig, LLP in New York where he specialized in securities transactions and merger and acquisitions transactions. From November 2005 through April 2006, Mr. McMurdo was a corporate associate at Sullivan & Worcester LLP in New York where he practiced general corporate law and securities law. From September 2000 through November 2005, Mr. McMurdo was a corporate associate at Bingham McCutcheon LLP in New York where he began his practice in securities law and further specialized in corporate governance and secured lending. Mr. McMurdo began practicing law in September 1998 at Brown & Wood LLP in New York as a pooled investment entities associate focused on the 1940 Act. Mr. McMurdo earned his J.D. from Bingham N. Cardozo School of Law, where he graduated cum laude in 1998. He received a B.S. in Finance from Lehigh University in 1995. Retaining him will help speed up the process to current status for Union Equity Inc.
It has been brought to our attention that as of January 1, 2014, the OTC has new requirements for all companies regarding filings. Union Equity Inc. has recently received these documents and has forwarded them on to Mr. McMurdo. He will be diligently working on submitting these to the OTC. With the majority of the paperwork completed, current status is around the corner for Union Equity Inc.
CONTACT:
Investor Relations
Phone: 317-575-4113
Email: jtthornburg@live.com
- Go UNQT
$DSCR: Discovery's Bio-Fuel Joint Venture Acquires Exclusive License
Date : 04/29/2014 @ 8:00AM
Source : PR Newswire (US)
Stock : Discovery Minerals Ltd. (PC) (DSCR)
RENO, Nevada, April 29, 2014 /PRNewswire/ -
Discovery Minerals LTD. (OTC: DSCR) is pleased to announce that its Joint Venture (JV) with Syngar Technologies is to be extended an exclusive North American license with Cellunol Inc. The Agreement allows the JV use of Cellunol's pre-treatment Bio-Fuel fermentation technology for all Hemp Sector applications.
Cellunol Inc. was formed as a Joint Venture between ANW Inc. of South Africa and Syngar Technologies. ANW's proprietary fermentation tank design and cellulosic pre treatment technology, Oxy-Hydro Fragmentation, when coupled with Syngar's technology, known as PLUSWave, solves one of the major issues in ethanol production from cellulose. This solutions result is an industry first, low cost cellulose pre treatment and fermentation system that is portable. The system is set up directly on the growing site or near the cellulose collection point and works similar to a grain elevator.
Discovery's Joint Venture will be the first company to evaluate this ground breaking system through their Industrial Hemp JV growing partners. This new system has the ability to process any unused hemp material in one continuous procedure from pre-treatment to sugar to ethanol. The systems efficiencies will result in significantly reduced up front capital costs and lower operational expenses while enhancing ethanol yields and net revenue.
About ANW Inc.:
ANW is a private South African based company that has developed and owns a proprietary cellulose pre treatment technology and fermentation tank designs that can rapidly pre-treat cellulose materials into a slurry product suitable for fermentation by yeasts into ethanol. Their Oxy-hydro technologies can rapidly breakdown plant material without the use of stream, pressure, or dangerous acids.
About Syngar and PLUSWave:
The Company is a private Canadian company based in Edmonton, Alberta. Syngar licensed a technology, which we call "Pulsed Low Ultra Sound Wave" (PLUSWave) Technology. The PLUS Wave[TM] license is a worldwide and exclusive for application in biofuels. The PLUSWave Technology uses specific and proprietary ultrasound frequencies, at specific power levels, over set time intervals to stimulate the fermentation growth of algae, bacteria, fungus or yeast microorganisms by upwards of 30 - 50%.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person:
Bill McNerney
+1(310)961-4654
At: info@discoveryholdingscorp.com
- Go DSCR
I called the TA today for GSHN, spoke with heidi, and the SS is current as of TODAY
i would deffinitly putt this one on watch, im gonna load up on it.
Outstanding Shares
729,360,121 as of Apr 16, 2008
Authorized Shares
750,000,000 as of Apr 16, 2008
Number of Share Holders of Record
567 as of Oct 17, 2007
Float
306,000,014 as of Feb 15, 2008
What do you think about BDRR here?
GET REAL! u blow ! WE DON'T! Hammer
For anyone holding EQBM. Per "Way Truth Life" news is to be released Monday or Tuesday and we think it pertains to the reason for the 60 million shares and hopefully some finalization of one of the JV's. Hopefully a good week for this one and it is a bargain price right now IMO. Good luck all.
NEWS OUT ON MGMX HEAVY VOLUME
MGM Mineral Resources Signs Letter of Intent to Acquire the "Manantiales" Property in the Province of Antioquia, Colombia
May 19, 2006 10:22:00 AM
TORONTO -- (MARKET WIRE) -- 05/19/06 -- MGM Mineral Resources Inc. (OTC: MGMX), a precious metal mining company focused on the development of producing properties internationally, announces that preliminary discussions have enabled them to sign a Letter of Intent in the acquisition of the Manantiales property.
This property is located at the northern end of Colombia's central Cordillera, just two kilometers from the other MGM property, La Esperanza. Just like La Esperanza, this future promising land is contained within a gold producing belt, which stretches for over 150 kilometers from Sanata Isabel in the south through Remedios and Segovia to Zaragoza, l Barge, and Caucasia in the north. The region remains and always has been a major contributor to the national production of gold and silver. The area is currently seeing an influx of activity and interest from mining companies around the world, which made it very difficult to lock up the Letter of Intent, due to the overwhelming demand from North American and European gold companies.
"We are very pleased with how our negotiations are proceeding," stated Kenneth Lamb, President of MGM Mineral Resources. "Our due diligence has been moving forward at a rapid pace and we expect to have a definitive agreement in place very soon. If our estimates are correct, this operation will deliver considerable value to our holdings."
The Manantiales mine consists of an area measuring 24 hectares and 4645 square metres. In preliminary studies by our new Lead Geologist, this mine is smaller in both size and probable reserves than our La Esperanza project, but, recent studies indicate that the gold is of higher grade.
"If all goes as expected with the Manatiales project, it will join hands with La Esperanza mine to become the cornerstone of MGM's precious metals holdings," concluded Mr. Lamb.
The company expects to sign the acquisition agreement by end of May 2006, if not sooner.
About MGM Mineral Resources
Metro Gold Mines Mineral Resources S.A. is an independent precious metal mining company engaged in the acquisition and development of an impressive portfolio of exploration and production properties internationally. The Company's staff consists of economists, senior geologists, mining engineers, and experts in environmental management, all of them with extensive experience resulting in the best knowledge to explore and develop the interests of the company.
www.mgmmineralresources.com
FORWARD-LOOKING STATEMENTS:
This release contains forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 and involve risks and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing, competition, regulatory and/or other factors, which are outside the control of the Company.
For further information please call:
MGM Mineral Resources
(905) 704-8026
Good Morning Board!!!!
Happy Trading!!!
Some real movers---
Ha!! We doin' it!!
CTUM
EYII
Smiles,
O
==>TTCH @.10, 35 mil O/S, net profit of $126,294 just in June alone...
Real & profitable company making fibreglass pipes in China. A look at its Website, particularly the various videos will easily convince any trader that this stock is worth at least 50 cents a share, giving it a market cap of only $17.5 million, based on 35 million shares outstanding. At .10, the market cap is only a trifling $3.5 million..
http://www.ttcmchina.com/video.html
+ In the latest mid-year 2005 report, TTCH is bullish about its business: However, the business activities were significantly increased with the revenue of $1,149,142 and net profit of $126,294 just in the month of June alone. The positive trend will continue as TTCM has signed up nineteen contracts with a gross worth over $11 million. Most of the projects will be completed in 2005.
http://biz.yahoo.com/bw/050927/275418.html?.v=1
+ There have been a string of good news recently, including the penultimate about $11.3 million worth of new contracts...
http://biz.yahoo.com/bw/051004/45375.html?.v=1
+ In addition, this is a fairly predictable "channel" stock fom .08 to .35 in an UPTREND and ready to move up, so the risks are limited: initial target .35, with double that medium term...
http://biz.yahoo.com/bw/050623/235180.html?.v=1
The Olympic games in Bejing in 2008 should bring about a flurry of new contracts for infrastructure, but currently this stock is completely below the radar of the average trader, hence the bargain price...
Yeah, please say more, there are a lot of stocks with low O/S and float. Should we buy all of them?
Check GRSU O/S and float :) Need I say more?
Bernard had LGOV in late March for a gain of +55.56%, but the 5-year chart looks even more promising as of today in mid April. Bernard has certainly proven that you don't need to know (or even listen to!) the "story" of any particular stock in order to make money. Still, this stock's story has the potential to be a saga that you can tell your grandchildren about. Especially if the current chart flashes out the way it's headed.
We'll see, won't we?
Caradoc
LVSG - A synopsis
of the Jan. 25 acquisition news:
This week is #3 since that JAN. 25 news release, which predicted execution of asset purchase agreement within 3 weeks, as stated below!:
"We expect these discussions to continue towards the execution of an asset purchase agreement within the next three weeks...."
The numbers...
"Global has had an independent evaluation and the assets have a replacement cost of $3.2M USD dollars."
The near? future:
"This service offering could not only double or triple VOXBOX's revenue potential but also increase VOXBOX's appeal as a possible future takeover target by a VoIP competitor."
Possible expansion!:
"The asset purchase agreement we are negotiating and the management contract will include an option for LIVESTAR and VOXBOX to use Global's resources to 1) assemble further wireless infrastructure in 5 other major Canadian cities that represent a replacement cost of $20.0M and 2) to secure other wireless infrastructure in the United States as VOXBOX advances to a more established operational and growth level."
Clues in here maybe, for the upcoming week.
LIVESTAR Entertainment Group Inc. in Discussions to Acquire $3.2 Million in Wireless Telecom Assets to Support Its VOXBOX Service
Tuesday January 25, 8:15 am ET
LAS VEGAS, NV--(MARKET WIRE)--Jan 25, 2005 -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB:LVSG.OB - News) announced today it has entered into discussions to acquire approximately $3.2 Million in wireless telecom assets from Global Bancorp Inc. ("Global") to support and expand our joint VOXBOX initiative.
ADVERTISEMENT
These wireless assets consist of wireless communication towers and back-up systems that can be configured to cover a city with a core population base of up to 1.5 Million, such as Vancouver or Seattle. Global has had an independent evaluation and the assets have a replacement cost of $3.2M USD dollars.
The key to this acquisition is that with this wireless infrastructure, VOXBOX can activate an enterprise-level VoIP solution. These quality wireless assets will enable VOXBOX to penetrate the small and medium business market and multi-density residential buildings. This service offering could not only double or triple VOXBOX's revenue potential but also increase VOXBOX's appeal as a possible future takeover target by a VoIP competitor.
Ray Hawkins, CEO of LIVESTAR, commented: "We expect these discussions to continue towards the execution of an asset purchase agreement within the next three weeks. This network will form part of our strategy to deploy Mobile VoIP services in the future which will be in high demand as the VoIP industry matures."
Global's CEO and the CEO of VOXBOX, Ray Prescott, stated: "It is the decision of Global's board to sell any non-core assets. Global's plan is to retain a management contract with LIVESTAR to maintain and operate the wireless network. The asset purchase agreement we are negotiating and the management contract will include an option for LIVESTAR and VOXBOX to use Global's resources to 1) assemble further wireless infrastructure in 5 other major Canadian cities that represent a replacement cost of $20.0M and 2) to secure other wireless infrastructure in the United States as VOXBOX advances to a more established operational and growth level.
Ray Hawkins, CEO of LIVESTAR, in closing stated: "This development regarding VOXBOX is another key step LIVESTAR plans to make in its transition to a public holding company while acquiring bonified assets and building of revenues and earnings. We are committed to our new course of development and with assets such as these, increased shareholder value is planned to be one of the benefits. We look forward to advancing our discussions to acquire these assets to the point of a executing a closing. More positive changes are to come for the Company and we look forward to execution of other in development deals."
ABOUT VOXBOX
VOXBOX (http://www.myVOXBOX.com) is an exciting new service in the multi-billion dollar VoIP market. The Company owns 50% of the VOXBOX service and expects VOXBOX to be a quality contributor for its 2005 growth plans.
VOXBOX allows you to make telephone calls using the Internet. When placing a VoIP call using a phone with a VOXBOX adapter, you'll hear a dial tone and dial just as you always have. Voice Over IP converts the voice signal from your telephone into a digital signal that travels over the Internet then converts it back at the other end so you can speak to anyone with a regular phone number.
Voice over Internet Protocol (VoIP) is a technology that allows you to make telephone calls using a broadband Internet connection instead of a regular (or analog) phone line. Further information on how VoIP works can be found at www.fcc.gov/voip/.
ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.
LIVESTAR is in the process of transitioning to a holding company structure. The core business of LIVESTAR Entertainment Group, Inc. is currently the development of entertainment entities, specifically; Liquor-Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).
Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. LIVESTAR Entertainment Group, Inc intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause LIVESTAR Entertainment Group, Inc.'s actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in LIVESTAR Entertainment Group, Inc.'s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.
Please visit our website: www.LIVESTAR.net.
market.
LVSG moving up on news!...And
Here it is - very positive for LIVESTAR!:
LIVESTAR Entertainment Group, Inc. Announces Margaritaville Tequila as Promo Staffing Client
Friday February 11, 3:35 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Feb 11, 2005 -- LIVESTAR Entertainment Group, Inc. ("LIVESTAR" or the "Company") (OTC BB:LVSG.OB - News) today announces Margaritaville Tequila as a new client of Promo Stafffing.com LLC ("Promo Staffing"). Promo Staffing was recently acquired by the Company through a recently executed Definitive Agreement.
Margaritaville Tequila (www.margaritavilletequila.com) is a premium tequila under Jimmy Buffet's Margaritaville brand. The promotional marketing campaign Promo Staffing will conduct for Margaritaville Tequila will consist of approximately a dozen promotions within the South Florida region.
ADVERTISEMENT
Promo Staffing generates revenue on an hourly billing basis. Its fees are commensurate with the industry standards and the Company feels strongly that as it grows its client base, its revenue, cash flow and future profits will continue to grow.
Cory Sklar, President & CEO of Promo Staffing, stated: "We are adding new clients and new promotional campaigns at an aggressive pace, we anticipate our income streams to continue to grow in direct response to our business development activities. Margaritaville Tequila is a great product that we will have lots of fun promoting. We look forward to serving them well and building a long term client relationship."
Ray Hawkins, CEO of LIVESTAR, commented, "We are pleased that so early in our business relationship with Promo Staffing that they are growing their business aggressively. We are also very excited about the discussions Promo Staffing is currently having to secure more top clients."
ABOUT PROMO STAFFING
Promo Staffing (www.promobusiness.com) is a promotional marketing company with clients such as Chrysler, AT&T, PepsiCo, Campbell's Soup, Wal-Mart, Malibu Rum and Coca Cola. Additional information about the Company's acquisition of Promo Staffing can be found in a press release issued by the Company dated January 27, 2005.
ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.
LIVESTAR is in the process of transitioning to a holding company structure. The core business of LIVESTAR Entertainment Group, Inc. is currently the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).
LVSG, SPRL both showing signs of support and SPRL is really building momentum IMO for next week.
SA
bernard was wondering where the hot (spam free : ) daily tipsters are hanging out these days
sorry to see OTC so dead. guess to many of us got burned by those honest (LOL) MM's that run the show.
Thanks tsquare, I have never applied my methodology to the small caps in NASDAQ SM, AMEX, etc. If you are posting your list, post some results too, not many people are reading this thread... so don't worry if it didn't work out... well, I'm sure if you are starting to post, you know the list should do just fine. Welcome back to the game, when I have time, I'll be checking the liquidity, possible gain, risk and reward, etc. The more the results show bottomline gain with low risk, the better.
Hi Bernard
Remember me
been working on new lists 10-15 sinc 02
will post some picks for you soon
not OTC but low flying NASDAQ
later
VIGSF doesn't look to go much lower now, started averaging down today and am buying at 0.007!
VIGSF annouced Friday it was doing a 1 for 100 reverse spilt, this suks! Since I was outside mowing I didn't get the chance to try and get out of this, so I have become a stuckholder once again. The impending RS will leave the Outstanding number at 382,000 shares, or there abouts. So my plan is now to play this to recover my losses, or the largest part of them and if I get lucky make some bank on it. I'll post my plans here as they develop, right now it's just wait and see what happens next.
The company is still in better financial condition then it has been before, and there still hasn't been any word about the new African business. I have a hunch this may not be all bad. We'll see!
VIGSF excerpt from the 10Q dated 7-19-04 Looking real good here!
Results of operations
The Company’s revenues and operating results have varied substantially from year to year. The company recognizes revenue from sales of software upon evidence of an agreement (written contract between both parties), the delivery of the software and the determination that collection of a fix or determinable fee is probable.
Services are always included in the sale of software and represent installation, consulting, training and specific modifications to the software asked by the customer. Evidence of fair value for each element is accounted for using the percentage of completion method. When the sales of software require significant consultation and customization or modification of the software, both software and services are recognized in accordance with the provisions of SOP 81-1 using the percentage of completion method based on cost inputs.
Maintenance service revenue is allocated over the term, generally one year but up to three years. Revenues from training, consultation and technical support are recognized as the services are performed.
REVENUES
Revenues increased from $1,052,601 for the year ended March 31, 2003 to $1,654,953 for the year ended March 31, 2004, an increase of $602,352, primarily as a result of an increase in software sales. Management is in the opinion that revenues generated for the next fiscal period will continue to increase.
COSTS OF SALES
Costs of sales increased from $455,788 for the year ended March 31, 2003 to $701,852 for the year ended March 31, 2004, an increase of $246,064, primarily as a result the increase in the cost of sales associated with an increase in revenues.
TOTAL OPERATING EXPENSES
Total Operating Expenses increased from $1,129,349 for the year ended March 31, 2003 to $1,480,760 for the year ended March 31, 2004, an increase of $351,411, primarily as a result the increase in the cost of sales associated with an increase in revenues.
NET INCOME (LOSS)
Net loss for the year ended March 31, 2003 was ($76,748) as compared to a net income for the year ended March 31, 2004 of $174,193, primarily as a result of an increase in software sales.
ASSETS
CASH
Cash increased from 17,382 at March 31, 2003 to $116,991 at March 31, 2004, an increase of $99,609, primarily as a result of the increase in revenues.
ACCOUNTS RECEIVABLE
Accounts receivable increased from $132,565 at March 31, 2003 to $333,502 at March 31, 2004, an increase of $200,937, primarily as a result of the increase in sales.
TOTAL CURRENT ASSETS
Total current assets increased from $172,238 at March 31, 2003 to $450,493 at March 31, 2004, an increase of $278,255, primarily as a result of the increase in sales and elimination of the current portion of a note receivable from 2003.
TOTAL CURRENT LIABILITIES
Total current liabilities increased from $513,593 at March 31, 2003 to $782,252 at March 31, 2004, an increase of $268,659, primarily as a result of $298,813 in accrued expenses.
The Company anticipates that its cash requirements will continue to increase as it continues to expend substantial resources to build its infrastructure, develop its business plan and establish its sales and marketing network operations, customer support and administrative organizations. The Company currently anticipates that its available cash resources and cash generated from operations will be sufficient to meet its presently anticipated working capital and capital expenditure requirements for the next twelve months. If the Company is unable to maintain profitability, or seeks further expansion, additional funding will become necessary. There can be no assurances that the Company can realize sufficient revenues to satisfy its business plan and further, there can be no assurance that alternative sources of financing can be procured on behalf of the Company.
Change your broker to myTrack, that will solve your problem, I know INET, ARCA, BTRD, and BRUT are essentially useless in bb stocks.
thanks bernard
I do have DAT..only it's USELESS at Cschwab on ALL OTC and
PINKsheet stokc. They cater to to the bigger markets and
"could care less about ANYONE stupid enough to trade pinks"
that is a QUOTE from one of their reps !
I agree...to much trading IS bad...but back when I was TRADING
out of losers and INTO winners I was ok....it was not until
I was FORCED to go LONG in March that I got KILLED.
I took MOST of my losses in that thirty day period and things
have been slidding off since then.
sucks...but here I sit...."willing to go, ready to STAY AND PAY !"
catman..ISYA
Hi catman, I've sent your an E-mail about aother payment method.
I USED to trade that way...
I came into this on TA ONLY...charts and what I was learning
about them was ALL that mattered to me.
I NEVER LOOKED at or CRUNCHED the numbers OR looked at the
SEC reports and I did REALLY WELL LAST YEAR. I got crunched
on a few R/S's that I "missed" because I wasn't watching and
so I started to put a lot more TIME and ENERGY into the
Financials and it's gone from bad to worse !!
AAAAAAAAAAAAAAHAHAHAHAH
I have to be fare, the market has been in retraction and
I have tried to HOLD stocks that I should be TRADING.
You can SEE why I'm looking to make a change in trading
technics.
I was going to sign up for the PULSE page for a month to
check it out...but that PAYPAL is down.
I UESE to have pretty good control and was NEVER afraid to
dump a postion, I've ended up married to some of these
hungry pigs, then again, how can ANYONE justify LEAVING the
field with everything at such low limits, ESPECIALLY when I
think there is NO LOGICAL REASO for ANY of my positions not
to be MOVING UP ???
TWT I reckon...thanks for the reply...I'll watch this board
and keep learning. That's what I like most about trading is
learning about all the different companies.
I've learned more in the last two years than I have in a life
time of college and work !
catman...ISYA
Here you go:
For Darvas Box ($20):
http://www.sr-analyst.com/studies.htm
Murray and Gann
http://share.esignal.com/groupcontents.jsp?folder=&groupid=114
If the liquidity is there, the spread will close. I think your holdings are not currently "in play" (or in a low volume period). Spread will continue to stay in this market, and that's why you can make huge percentage from this market. Yeah, it's unfair, then go direct access, you can use TRAC, DATA, GNET to get out of your positions by buying at bid, selling at ask.
no didn't know that--you don't have a link available do you-thanks
Can you prevent your loss with our service? Yes. I always tell my members, if you do not appreciate that we are not trading as many stocks as we did a couple months ago. Then maybe you should look at the message threads and see how people lose money. They are the people who will truly appreciate my call for not trading too much, and try to preserve your capital.
March 25th
http://www.investorshub.com/boards/read_msg.asp?message_id=2691067
May 6th
http://www.investorshub.com/boards/read_msg.asp?message_id=3031280
June 26th
http://www.investorshub.com/boards/read_msg.asp?message_id=3430906
that is what I've been thinking too and I HAVE been selling
the tiny little pops, building cash again...on the other
hand, you have not considered the SPEAD !
I have TONS of companies that I LIKE at this level....I want
to BUY NOW...NOT SELL ! Just to get out of ALL of my positions,
the FEES alone aren't the problme...you have to SELL at the
bid and BUY at the ASK !
To REENTER these positions is going to cost me a TON of $$$
You LOSE fees BOTH WAYS and the HUGE SPREADS that I'm seeing
are HEAVEN SENT for the MM"s ! They are eating people like
me for BREAKFAST !!!
I just can't bring myself to SELL at a price I would GLADLY
BUY if I had the cash...to GET THE CASH at this point will
cost SO MUCH MONEY...but then...I thought that about 150k
ago...I'm looking at losing about 25k if I try and move
cash now.
Interesting, eh ?
SCREW IT....at least I KNOW how to come out on top with
the RED FISH !!
AAHHAHHAHAHAHHAHAHAHAHHAHA
Winning is what MY ego needs for a few day....it's really a
LOT more powerfull than I give it credit for.
Ego, HOPE, WIHSES....all very dangerous down here in the
trenches.
Nobody minds a little blood when you are winning the BIG BATTLE...
but the blood bath that I'm taking is getting to be down
right unforgivealbe ?
Generally, I do not delete any post, but spam and duplicated ones. While I do not manage this thread, I believe Ruelit knows how to do a correct "sensorship" here.
Hi catman, I trade without really looking at PRs and SEC filings... and I haven't got caught on these RS matters for a very very long time. I guess it's because I don't hold anything too long, and I don't care about the story of any stock. I just follow the price action and do the correct position and money management. I dislike to read too much BS on the stocks, I believe you don't need to read a lot and still be able to make money from L2 and charts. So if you are really joining the service, expect to ignore just about everything, even the name of the company... and just go with L2 and charts. You don't even need iHub, RB, and SI.
Did you know you can get all the Murrey Math, Darvas Box, and Gann thingy from eSignal? Except Darvas Box needs a one time fee to get the script, others are free.
Hi catman, one solution to liquidate your positions is to treat them as trades you've just entered. Sell the next rally or bounce to minimize the impact, and don't think about they will go back to your price. Once you are done with the liquidation, and regroup all your money, that's when you can start to concentrate to make good trades again with a stop loss level in mind JMHO.
I've just about quit trading all together...about all I can
d is to sell losers now and ALL of THEM are at levels that
I would be HAPPY to ENTER ON...makes it a tough row to hoe
EITERH WAY YA GO ???
SELL...take HUGE losses AND lose all the leverage BUT walk away
with SOME cash left...
OR
HOLD...and HOPE that this IS the bottom, have GREAT LEVERAGE
for when it does turn around BUT take the chance of being
COMPLETELY WIPPED OUT.
I'd rather KILL MYSELF than to have to start taking ORDERS
from SOME young punk, college kid boss EVER again.
Like everyone else, I'm just sweating blood and hoping that
this is not the end of time as we know it.
I know that SOMETHING is going on....just LOOK AT TODAYS NUMBERS...and what do we GET......NOTHING ???!?!?!?
The DOW is up LESS THAN 2% ?
I wish I had the experience that the older traders here...
I might not be so nervous if I had seen all this before ?
NOTHING makes sense ???
My GUT tells me to HOLD and add on while I can but my
HEAD has been telling me to RUN LIKE HELL FOR OVER A MONTH NOW !
It sure looks like MOST people are listening to their HEADS
lately.
catman....ISYA
PS...you can have the coffee...I don't need much to pump me
up these days...I just take a look at all the RED and I'm
READY TO KILL !!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHHAHAHAHAH
I filled my cooler with RED FISH TWICE this week....we may
all end up naked and BROKE but at least the B-B-QUE at the
cat's house will keep us from STARVING !!!
(BYOB)
Sorry to hear about your luck catman, really! One thing about trading stocks in the OTCBB, nobody knows what any CEO is going to do next. TSBB is a stock that I traded successfully three times in a row for small up side gains! Then two times for larger losses than I had previously made on it. When the CEO wouldn't clarify the OS from the 1E's he was issueing, I quit trading it. Right now the market suks and it's harder than "H" to catch a runner. So I'm going out for more coffee! Later dude!
TSBB...I dumped this one on the R/S news...at least I
THINK that's why I let it go for a loss at the time...
it's STILL dropping the last I looked.
I refuse to hold a stock that a CEO holds R/S power on...
it can come at ANY TIME and without warning your money is
GONE !
I wouldn't touch this one again....IMO...of course....I hope
it works out for you...I got out and only lost a few hundred
bucks...could have been MUCH MUCH WORSE...I have YET to make
a DIME on a company that has exersices a recent r/s and will
DUMP them NOW as SOON as I hear that they are even going to
VOTE on a R/S.
From what I can see the WHOLE VOTING PROBLEM IS A JOKE !
catman...ISYA
PS...if there IS a way to make $$ off of a r/s...enlighten me,
if you please ??? I've YET to see one actually go UP after one
is exercised ?
PSSS...HEY....PALL IS JUST DOING GREAT ! I now own 1000 shares
and have a cost basis of .75 per...now trading under .03 !!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHHAHAHAHHAHAHAHHA
This is the mOST expencive higher education that you can buy and
I must MIGHT come out DUMBER and BROKER than I was when I went IN !!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHHAHAHA
yes murrey math -little gann-darvas boxes-etc
I just found this site today and it looks interesting...
on the other hand...I'm really SICK of the FREE SITES here
on IHUB....they are just as bad as RB ! I tried posting on
BB's Penny Haven but it's just gotten to be a waist of time.
I'm not passing judgement, it's fine for those that like all
the arguing and bashing, it's just not for me.
And the SENSORSHIP !!! Unbelieveable...if you opinions are
NOT liked...BANG..they are GONE ??? How is ANYONE served by
THAT kind of board ?
Where is the site you mention in this last post for PAID MEMEBERS ?
I tried to sub up to the PULSE page too but PAYPAL SUCKS !
I HATE that they get my info ! I have been double billed and
can NEVER find out WHAT my purchase was for on my credit card...
all I get is PAYPA and an 800 # that is NEVER ANSWERED...to bad
there is no other way to pay for that subscription ?
I refuse to waste ANY more time with PAYPAL.
Thanks for any insite you can give me.
I've been trading for a few years but consider myself a KNOW NOTHING ROOKIE who is learning all he can but can't help but
wonder if I just got started doing this a litte to late in
life to EVER CATCH UP ?
I has LOTS of confidence and GREAT SUCCESS with trading until
March....this recent decline has decimated my porfolio.
I have been selling off when and where I can but I'm in so
deep a hole with MOST of my positions now I'm just about ready
to give up all together and go back to building houses and
listening to worn out excusses from tennants....I'm right at
my ZERO TOLLERANCE PANIC SELL point, I just can't bring myself
to dump all the leverage that has taken me over a YEAR to amass...then again...a few more REVERSE SPLITS and I won't
have ANY CHOICE to get out...I'll be BROKE !!!!
AAAAAAAAAAAAAAAAAAAAAHAHAHAHAHHA
though, it's not really a laughing matter at this point.
catman...ISYA
PS...I have so much trouble getting fills with CSchwabbie that
I can't even IMAGINE trying to DAY TRADE any Penny stocks of
any kind ??? Heck, I can't even get a Bid/Ask, MM on my level
two on ANY of my pinksheet stuff...I've had GTC orders in at
.05 say and watched it trade down to .03 and NEVER get a fill ?
I call them or email them and all I ever get is...
"TO BAD FOR YOU, you are a STUPID FOOL for owning ANY of these WORTHLESS STOCKS !"
I was off line in March and tried to go "LONG" on many of my
largest positions...buy the time I was able to get back online...
the damage was mostly done !
If you had told me three months ago that I would lose a THIRD
of my net worth in the next three months I would have LAUGHED
IN YOUR FACE....I can't find MUCH to laugh about these days.
I hope y'all are having better luck than I am...though....
LUCK is about as useless has HOPE on the OTC/PINKsheet stocks !
Any stocks for that matter !
If I've learned ANYTHING, it's that ALL STOCKS ARE PIGS...and
they can ALL fly...it's just a matter of being there when they
DO. Lately, I've TRIED to be patient and wait them out but
so far this year....I just have a YARD FULL of USELESS and HUNGRY
PIGS !!!
;)
Hi javalin, it's nice to hear from you! Are you still using Murray Math to do your charting mainly?
The OTC market has been doing pretty bad, my solution: not to force a trade to happen, just trade the setup that looks perfect to you.
Good trading!
Well how ya doing Javalin? Man you've been away for a while! Hope things are good with you.
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