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At least they provided the information about the financials. More than I can say for most pinkies out there. Let's hope for the best. Has anyone talked to J. Sym lately? Last time I talked with him, they were moving their offices to New York. I might have to give him a call and see if there are any updates.
The financials at least shows that the company is still operational and still moving forward(Just slowly). It will be all about timing with this one, but I still have some hope as well.
Thanks for posting this! I still have hope for this one.
2007 Financials released today
http://pinksheets.com/otciq/ajax/showFinancialReportById?id=14099
Any day now. Oops, that's the SPRL board.
How is this volcano doing? Dormant or extinct?
Did you see there last quarters finances? They diluted just under 2 million shares for the quarter, but there revenue dropped from $62.5 thousand to $8.5 thousand. Guess business is booming. lol. That was thru the end of Sept.
He refuses to pay the fees for the PR's. Can't remember how much they are, but the wire charges quite a bit for a pr. He's suppose to start putting news up on the website. As for dilution, I don't see it. They could have dumped 10's of millions by now if they chose too. Bottom line, nobody knows about these guys.
What a crock of crap... he has public money (given to him through a shell swap!!!) and he doesn't want to tell the public what he is doing with the money???? I think this is even a bigger scam than our old cambodian boy!
What is this idiots email address... maybe we will drop him a thankyou note.
There will be no PR's through the business wire according to the CEO Jonathan Sym. Just gonna have to wait this one out and see if anything comes to fruition. At this point, I just want to break even LOL!
If anyone wants to call Jonathan Sym, here is his number:
(617) 878-2002
Maybe if a bunch of us call, we can get some more info.
Any word when this scam will be putting out a PR?
Where did UBSS go??? Let's hope he's gone for good
Buy @ .01...some body wanted in bad.
I think you summed it up quite nicely.
Does this company actually do anything? or are they just contect to sit and watch the PPS do squat? This is a complete joke.....these guys are real nimrods!
What happened to the price the last couple days? Dilution? @.002
No pump.... only dump....lol
Where did UBSS go? EFGI is top bid now
Well, it is looking rather dismal around here... the only direction the PPS knows is down!
If anyone wants to call J. Sym, here is his number:
(617) 878-2002
Maybe if a bunch of us call, we can get some more info.
Nice work Glass ;)
This guy could be why the price has plummeted from the previous high levels.
On a different note, lots of buying when UBSS dropped down to .006. I can't wait to see how all this unfolds.
Here is another gripe about Galpern:
http://ripoffreport.com/reports/0/262/RipOff0262576.htm
Here is the other one I found:
http://www.ripoffreport.com/reports/0/265/RipOff0265234.htm
This link will get you to the Florida Clerk Search page. Just type in Jeff Galpern in the appropriate boxes and you will get his court records.
http://courtcon.co.palm-beach.fl.us/pls/jiwp/ck_public_qry_cpty.cp_personcase_setup_idx
Did some more digging and came up with some interesting stuff.
A firm, Icarus investments, entered into an agreement with Jeff Galpern, (who turns out is a major con-man), to sell 5,333,333 shares of STSM at a negotiated price. Now, Galpern was not supposed to sell any stock unless he was authorized by Icarus investments to do so. Galpern is now being sued by Icarus Investments. You can read all about it here:
http://www.ripoffreport.com/reports/0/275/RipOff0275126.htm
I found this little profile about Sym.
http://www.linkedin.com/pub/4/B04/A75
I just signed up today and added him as a contact. I am awaiting any response from him. Maybe if a couple others did the same, we could get some answers from him.
The question is... do they even have a business?
He needs to at least start a blog on their website to keep investors updated. A 12 year old could do that quite easily. No excuse for them to not at least do that, since they will not pay for pr's.
It's good to see UBSS at .01. Crossing my fingers on a good year for STSM. I wrote the CEO last week, will let board know of any response. Good luck!
Well Glass, I just got the last of my 6's last week. My order finally filled after almost 4 weeks, and it's a good thing. It appears that whomever had stock to sell (former shell owners?), are pretty much done selling it. For now, those low prices are done. I like the fact that these guys are so cheap. Hopefully not too cheap. They better start keeping investors updated, even if it's with their website, or there won't be any investors too update. We shall see.
Same to you masta, lets hope STSM turns out to be real in 2008.
LOL...silly rabbit... I think you know the answer to that question...
Finally got filled at .006. Took over a week, it was only about $500 worth. This company is for sure not diluting. Odd for a pinky. Makes ya wonder if they are real after all.
I'm thinking a small position is warranted at these levels. Any progress in a PR could really send it.
Yes rabbit, I totally agree. When I spoke with Sym, he said he was the one doing the website himself, so you are probably right about them saving costs on the IT guy. He kept talking about I'm the only one who can proof it and he talked some web mumbo jumbo about templates etc. that I didn't understand.
Good job on those 6's!! I was wondering who was getting those? I could only get 8's.
Like I say all the time, pinks are for gambling. Once in a great while you get a runner like LFZA, but that happens very rarely. Good luck!
Also, I did get another 22,000 shares at .006 over the last week. They are coming in slowly. It is holding steady at present levels, thats good. Means nobody is selling, including the company. Excellent.
Thanks for update Glass, but anytime a company states they can't get their website updated, that's a big red flag. It usually means they can't afford to hire a IT person to do it. It's really not that tough to do, and it certainly does not take that long to do it. Everytime I hear that excuse, the company turns out to be not what I thought. Just giving some advice from past experience. Also, they should be bragging up any and all Gov't contracts, yet they are not. Red flag #2. There are others, but I will wait. Thanks for your time Glass and efforts!! It really helps.
On paper they are, it just that SEC doesn't much bother with keeping an eye on them, unless somebody does something really stupid. For that reason, it is a favorite vehicle for scammers. And its cheap to set up and run because there are no reporting req. Very few good companies down here....can't even think of one off the top of my head. Guilty until proven innocent. I'll trade 'em on the momo, so waiting for the pump, legit or not.
How does a "pink" become a valid stock/company?
No expert myself, but I don't see anything there that either raises a red flag or makes me want to buy. Generally, any kind of transparency is better than none....assuming of course they are telling the truth. Sadly, with pinks, more often than not, they are lies or at least half truths. I'll wait for momo, if it comes.
Okay...not being well versed in corporate finances, what is everyone's take on that finance report?
Nice work Glass, thx.
Called the CEO and actually got through to him on Friday. This guy Jonathan Sym is really a cool guy, really down to earth. I asked him right off the bat about the share structure and he gave me these numbers: 100 million outstanding, 14 million tradeable float.
I asked him about the share price. He said that it was probably a 144 restriction becoming unrestricted and the person is dumping his position, but he didn't know for sure. Remember, this was a reverse merger and old directors and such have shares from the old Company.
I asked about the website and he said "hopefully by Christmas". But he didn't want to make any promises. He again said that they would update shareholders and any government contracts through the website and NOT by Businesswire.
They are also moving their office from Boston to New York. Why, I didn't ask.
Just gotta wait this one out. May take awhile, but it could be worth the wait.
It will take more buying, and also, management needs to start updating shareholders as to what is going on. Right now, this stock is in Purgatory.
Yep, basically.
I guess what I am asking is what will have to happen to make the shares be worth more than .01? Will it take a lot of buying and no selling? A PR campaign?
At this point, it's a pure gamble. just like putting your money on the craps table.
That is a great question, but I can't answer it as I am not a STS shareholder, I am a CMBV shareholder back from the egyptian days... I want to get some value and get out.. truth be known..
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