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same here... this one is looking very ready now imo. i'm expecting SLSI to live up to the reputation of a michael anthony shell.
Bought some a few weeks ago, might have to add more to my stash soon...
SLSI getting volume here... quietly trending higher today...
i like that last line... very up to date.....
Check this out!! Sites are being updated with the new company profile
http://biz.yahoo.com/ic/115/115862.html
i've called a number for "intrinsic audio solutions" and a receptionist answered as "SLS international". that was the confirmation i needed at this stage of things. i see progress from the company and figure when they are ready to go public they won't be shy about it.
thanks sdcaalan...
Was wondering if anyone had attempted to contact Gott or talk to anyone at SLS. Sounds like it may be a little early for SLS to reveal anything.
Appreciate all the info JGP83. Very interesting.
yeah it really does, just a matter of time now....
it all feels very logical, doesn't it? tick-tock, tick-tock...
the funny thing is, a few months ago gott told one SLSI investor he had no idea he even owned the SLSI shell -- this just weeks after the name change had been done at nevada SoS. i heard the story second hand, so take that fwiw, but i do find it interesting he seemed to want ihubbers off the trail.
clearly, from the DD you're finding, gott is no stranger to shells and knows his way around all this paperwork/filings, etc.
is it possible there's a legal requirement for a certain time frame after purchasing assets from a BK sale, and before they can be rolled into a new entity? if so, that would make sense.
and if SLSI is indeed the new home for IAS/SLS audio, i can be patient.
In summary:
The Evenstar MergerSub shell(wholly owned subsidiary of SLS international) is what Gott used previously to merge Evenstar with. We all know SLS international went bankrupt and liquidated a majority of it's asssets. Gott and private investors re-purchased what was remaining and formed Intrinsic Audio Solutions, currently a private company in Missouri.
Again it seems like he is set-up for a very similar situation except it won't be a subsidiary in this case:
Gott's private company currently doing business in Missouri as Intrinsic Audio Solutions (with fictitous name of SLS Audio) reverse merging with his Nevada Shell, that he re-named Intrinsic Audio solutions.
They need those patents for the amplifier technology to be successful..and it's interesting that the only page on their new website that has intrinsic audio solutions copyright at the bottom is on the evenstar amplifier technology page!
From my previous post:
On March 12, 2004, we acquired Evenstar, Inc., by a merger with and into our newly formed, wholly owned subsidiary, Evenstar Mergersub, Inc. Evenstar is the owner of one issued patent and a second patent that was issued in September 2004. The patents are for Evenstar’s digital amplification technology, which provides for substantially reduced production costs compared to amplifiers of comparable quality. We filed two additional patents in 2005 and one more in January 2006.
Here is the Shell on SOS nevada site:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=CNOXZnQ3ZlnOzwitJbEtAw%253d%253d
http://www.secinfo.com/d122ap.vsf.htm#1stPage
From an old SLS international filing..copied in the important section below.
In September 2002, we filed a U.S. patent application on one portion of our proprietary ribbon driver technology. Our success will depend in significant part on our ability to obtain, preserve and defend U.S. patent protection for this technology. The patent may not be issued from the patent application. The issuance of a patent is not conclusive as to its validity or enforceability and, if a patent is issued, it is uncertain how much protection, if any, will be given to our patent if we attempt to enforce it. Litigation, which could be costly and time consuming, may be necessary to enforce our current patents or any patent issued in the future or to determine the scope and validity of the proprietary rights of third parties. A competitor may successfully challenge the validity or enforceability of a patent or challenge the extent of the patent’s coverage. If the outcome of litigation is adverse to us, third parties may be able to use our patented technology without payment to us. Even if we are successful in defending such litigation, the cost of litigation to uphold the patent can be substantial. On March 12, 2004, we acquired Evenstar, Inc., by a merger with and into our newly formed, wholly owned subsidiary, Evenstar Mergersub, Inc. Evenstar is the owner of one issued patent and a second patent that was issued in September 2004. The patents are for Evenstar’s digital amplification technology, which provides for substantially reduced production costs compared to amplifiers of comparable quality. We filed two additional patents in 2005 and one more in January 2006.
It is possible that competitors may infringe our patents or successfully avoid them through design innovation. To stop these activities we may need to file a lawsuit. These lawsuits are expensive and would consume time and other resources. In addition, there is a risk that a court would decide that our patent is not valid, that we do not have the right to stop the other party from using the inventions, or that the competitor’s activities do not infringe our patent.
thanks, JGP... i'll be looking forward to seeing the rest of your DD on this. did gott actually take the shell public, or was that the plan for evenstar and it never quite happened.
either way, i think it's a good bet IAS (and the SLSI shell) would come in handy to do exactly that.
I did some digging into that evenstar technology web page you found on their new website, which is the only one page that has intrinsic audio solution copyright at the bottom...
Gott has used another Nevada shell previously to acquire the privately owned evenstar technology company through a reverse merger with it's subsidiary in the mid 90's for SLS Audio.
So that got me thinking, the foundation of their success in their new company, Intrinsic Audio Solutions, is reliant upon them owning the patent/technology for the evenstar technology.
It would seem that John Gott and a group of private investors, as dictated in the latest article, bought the remaining 40% of the assets, which included the evestar technology and rights, under Intrinsic Audio Solutions and will use the Intrinsic Audio Nevada Shell to take it public when they are ready.
The point is that he used a nevada shell before to go public successfuly and looks to be all set up to do it again, and the only page on their new website that says intrinsic audio solutions is on the evenstar technology page, which is the technology that the new company would have to own to be succesful.
Just my opinion of course but makes an even stronger case that this shell will be used to go public by Gott when they are ready:)
I'll provide some DD links when i get the chance.
SLSI is tightening up today... looks ready imo...
Well I have been trying to buy for 2 weeks now, I keep getting small fills but its costing me as much in commission as it is to buy the stock! Very little availble by the looks of things!
there's not much available down here, and imo that's a great sign.
that was my 10k. Wanted 25k all they would give me was 10.
SLSI upticking on a 10K share hit to the ask... $70 worth of stock. MMs and/or traders are putting fake selling pressure on the ask, trying to walk this one down imo.
you mean you were trying to hit the ask and they gave you a partial fill on the bid?
On the ask all day at .008, and they gave me a poxy 5,000 shares at .007. Damn it nearly cost me more in commission!
Hi everyone,
Thinking about startin a position here. The float seems thin. Has there been any update as to what the company's plans are as to merging into this shell? Any info would be appreciated. Thanks!
yup, and it's getting hard to find shares down here lately...
buy when its cold ~ sell when its hot ~ :)
Sustained buying pressure here would move this far and fast.
There is very little available at any level, I have been trying to get filled at the ask for over a week, I managed to finally get 35k yesterday of a much bigger order, but I was filled at 3 different levels. The float here is incredibly tight!
"they" being "SLS Audio/Intrinsic Audio Solutions", we surmise... not "they" as in the old "SLS Industries". just wanted to clarify that point for ljg's benefit.
Take a look through the information up in the iBox, and read the yellow sticky posts on top of the list of posts.
Short history, they're coming back, leaner and meaner.
brikk, yes, I still have the stock, at one time I had around 70k shares. My wife talked me into selling some off at a loss for year end tax relief. I've kept more than half and she still pushes me to get rid of it. It's not eating any thing any more. Money was long ago spent and I've considered it as the gamble that the stock market is. I just felt someday it would take off. Would be nice.
ljg
or .008 if someone wants to smack the ask. i'll bet there are 20K shares available on the offer. lol
Gee, that's great, since I paid .15 to.20 for it in the '90's maybe I'll be in the money someday. At that time it looked like it would fly on being the lighting transformer guru. Am I correct in that they are now doing something else, what have I missed? Short history would be great. Maybe I should have paid more attention but my 401 was much more important that a side bet.
Thanks,
ljg
hi, ljg - you still have your stock. take a look in the information box on this board and you'll get an idea of what the SLSI shell may turn into in the days ahead.
in situations like yours, as long as you still have your stock you'll be able to continue trading it, and if a reverse merger occurs, where the shell adopts a new corporate identity, those shares of yours (and ours) may get a new lease on life. that's why we're all here.
Nope, it's worth $.006 a share.
Really dumb question. I purchased SLSI years ago +10. Never followed it after it tanked. Curiosity got me to check on it tonight and I see they filled Chapter 11 last year. Have I lost that old stock? Again it maybe a dumb question but here it is?
Thanks,
ljg
SLSI -- i heartily agree, hank... this has 50 bagger+ potential if the OS stays low, and assuming their revenues are about half what they were cranking in the olden days. thanks for your feedback. let's just sit back and enjoy the ride.
SLSI.. Opps..
I meant .36 Mil.. That is quite a mis type.. With the shares outstanding that would of made me quite a large shareholder in % .. Sorry for the misprint..
As to SLSI I think the transformation is working as planned and really until they report there is little that may be said.. I think Management is behind enhancing thier shareholder value and that is all that counts as long as they don't dilute the shares.. For an investment of less than $3,000.00 there is a of potential here for a 50 bagger or turning it into well over $100,000.. Dilution is the key.. hank
hi hank -- nice to see you here. i'm not quite following - did you mean you tried to hit the ask for 100K at .0085 and they gave you a 5K share fill?
they sure are playing a ton of games with this thing down here. a lot of times i try to hit the ask and they just raise it without giving me shares. almost like someone with a L3 feed is messing with us.
and am i correct to assume you said you are holding 3.6M shares of SLSI? if so, that's a big bet. you must be quite confident this is going to be a "go" as the new SLS audio/intrinsic audio solutions.
what's your target if we see this ship set sail, and over what time frame?
thanks...
SLSI.. $0.012
I offered the creeps 100K @ $0.085 and they hit a run ahead bid for 10K and gave me a fill for 5k.. I pulled the remaining and made the offer @$0.0488.. I'm long 3.6 Mil.. and as far as I'm concerned they are on thier own until then.. The 10K at $0.012 was the cover of the run ahead.. O,, buy the way,, hello to Brikk.. hank
SLSI .01 X .012..... hmmm...
seems to me like management at SLS/IAS is methodically taking care of their business, phasing out the consumer electronics side of things and focusing now on the international professional equipment sales. it will be interesting to see if they post any new updates to nevada SoS in the days ahead...
No, only one comes to mind. I'm about to get this sorted out for myself. Thanks brikk I think I got it. I see by post 513 #6 point this occurred less than a year ago.
this shell did a name change a while back. do you play reverse mergers very often?
Google finance for SLSI huh??
Check out the Company description, address....very wrong.
http://www.google.com/finance?q=slsi
same here, vant. sellers are drying up imo...
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SLS Industries, Inc. (SLSI) is a highly speculative shell play, but with its risk could come great reward.
Share Structure:
OS: 15,563,346
AS: 80,000,000
From the last 10KSB "As of January 31, 1998, number of shares of Common Stock, outstanding was 15,563,346"
This story is coming together as a series of clues. Since our DD is constantly changing, the information herein is only a rough guide.
SLS AUDIO company website: LINK
THE BASIS FOR SPECULATION:
Intrinsic Audio Solutions appears to be the NEW name for SLS Audio (aka SLS International), a multi-million dollar company that once traded for dollars per share on the AMEX as SLS. It appears CEO John Gott changed the name on 4/09/09 from "SLS Industries" to "Intrinsic Audio Solutions", and evidence exists on the web linking IAO with SLS through a recent hire.
Amendment on 04/10/2009 changes name to "Intrinsic Audio Solutions, Inc." on the Nevada SOS website:
Note this article from December, 2009:
Ozark-based Speaker Maker Getting Second Chance
and this 2010 SLS/IAS website with a mysteriously generic URL:
http://www.nczon.com/index.htm
Here is how the connection between SLS and IAS can be confirmed:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46363946
One more thing: SLSI is a Michael Anthony shell, and his plays have a solid reputation:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46363706
The story is quite compelling, but why are investors most interested? The assets of SLS Audio could be significant, as in several millions of dollars, and the current OS of SLSI is only about 1/10th the size of the OS of SLS when it traded on the AMEX. Furthermore, revenues for SLS Audio were also in the multiple million dollar range. While many valuations are much more conservative, some shareholders are speculating the value of the new entity, if formed, could be on par with the former SLS Audio when in its prime: dollars per share.
Again, it must be emphasized this stock is high risk, and isn't for everyone.
The opinions expressed here in this forum are exactly that, and don't constitute investment advice.
Do your own DD.
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