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I'd love to know the details as to why a deal couldn't be made. Surely DvTel saw value in SDSS or they wouldn't have engaged in the LOI. If it was SDSS that turned away from any offer (any) it would indicate they see greater value in themselves than what DvTel was willing to offer. Nothing wrong with that. There likely are other suitors we don't yet know about.
Wonder if SDSS will do a press release and answer those questions.
deal fell thru
well, I hope they will then at least cancel the incresed shares
the response from Alex was fine....business and growth goes on
I got a response........
Ken,
I do apologize. SDSS is still engaged in business development activities in several significant areas, and continues to service Cogito products currently being used by law enforcement and private industry in several notable countries across the world. The most recently reported dealings by the company, as per our last 8K are sensitive and ongoing, and SEC disclosure rules limit what information can be passed to the public for better or worse.
I do expect that the company will have developments to report, relating to the last SDSS 8K and on other dealings in the coming weeks.
My continued responses to your inquiries as well as to other shareholders should be taken as an indication that the company has not gone dark, and continues operations that will be of benefit to all our shareholders.
Sincerely,
Alex
Yes, we need information! And the LOI terminates on Monday ( http://www.sec.gov/Archives/edgar/data/1391674/000121390011005645/f8k102411_suspect.htm ), if not extended or an agreement is made. So if we do not get any information about this next week, we have to put some pressure on them!
Please e-mail Alex.............
I e-mailed him last week and I am not satisfied with his response. He told me there was no result to report on the vote because the vote didn't happen. When I asked him if he could tell me WHY the vote didn't happen he said, "I have no publically shared information as to why the vote did not take palce".
IMO, this is unacceptable. Alex Traiman is the Investor Relations Rep. As SHAREHOLDERS we should be better informed. If you feel this way please let him know. I still have confidence in the outcome of the merger arrangement but meanwhile this is hurting share value.
alext@sdss-corp.com
You do understand it's related to the merger?
Why is that as soon as something happens that people don't understand, they start screaming scam?
And yes I know, there are tons of crap-scam-companies on OTC, but you can not call this a scam just because of this
Dear Stockholders:
We cordially invite you to attend our Special Meeting of Stockholders. The meeting will be held on February 9, 2012, at 9:00 a.m. local time, at 580 Broadway, Suite 1107, New York, New York 10012.
With this letter we are including the notice for our meeting, the proxy statement, and the proxy card. At the meeting, we will vote on the following matters:
1.
To authorize the amendment of our Certificate of Incorporation for the purpose of increasing the authorized capital of the Company from two hundred fifty million (250,000,000) shares of common stock, $.0001 par value per share to two billion five hundred million (2,500,000,000) shares of common stock, $.0001 par value per share.
2.
To transact such other business as may properly be brought before a special meeting of the stockholders of our company or any adjournment thereof.
Your vote is important to us, and I look forward to seeing you at the meeting. If you do not plan to attend the meeting in person, please complete, sign and return the attached proxy card so that your shares can be voted at the meeting in accordance with your instructions. Thank you for your interest in Suspect Detection Systems Inc.
By:
/s/ Gil Boosidan
Gil Boosidan
Chief Executive Officer
That would be correct, as I see it, Jan. The document reads, "We will announce preliminary voting results at the Meeting and publish final results in a Current Report on Form 8-K which will be filed with the SEC within four business days after the Meeting"
When I wrote Alex I was hoping I may get a response reference the statement "preliminary voting results at the meeting". Anyway, you're correct we should hear something by EOD Wed. Maybe we also hear something about the negotiations as well (????) because 'OTHER BUSINESS' is also listed as a discussion item on the meeting agenda.
What I can understand (from http://www.sec.gov/Archives/edgar/data/1391674/000121390011006765/pre14a1211_suspect.htm ) results from the voting will be presented within 4 business days after the voting, which should be tomorrow, right?
Thanks for checking into.
I e-mailed Alex about the vote and about the negotiations today and he replied back immediately..."unfortunately there is nothing we can say about these issues at this time".
That's what I expected; quiet time period during the process. Well anyway, perhaps we're getting close. Please recall that the negotiations do allow for an extension if an agreement isn't reached by end of February. Patience, patience, patience.
Anyone have update on supposed vote or merge that was progressing this week?
Thanks
Voting on Monday, right? I don't think the merger can go through without that and I don't think any news will be released before the merger... So I think we have to wait a couple of weeks more, but it is getting closer...
It has been very quiet. Does anyone have any new news in regards to merger, renues, new projects...etc?
I think it's time for SDSS to reach out to investors.
well said. but I'm looking for triple of triple
which means
should SDSS
ever give
us
some good news
it wont be a stretch
to say
we can triple
at least
GIVE US THE GOOD NEWS, PLEASE!
didnt take much to get it moving
did it?
same to you Woody, and I share your view!!!
Wishing a safe, healthy, prosperous Happy New Year to all our friends, old and new, here on the SDSS board. I think 2012 is going to be a good year for us!
HAPPY NEW YEAR!
Thanks, ET. I had not seen that exact article. Very encouraging.
Yes, Jan, I see it that way. And frankly, it is therefore very good news. If nothing was going on over this period of time - as we approach the end of february (the noted DL) I'd be concerned that the merger agreement was not progressing. We're seeing steps in the right direction. Very exciting, to me.
Merry Christmas and Happy Holidays to all of you SDSS fans!
Woody
Isn't this a preparation for what's mentioned in their 8-K from October 24th ("...shares of the Company will equal 15% of the fully diluted capital stock of the Company post-Merger and the existing security holders of DVTel will have 85%...")? Isn't the merger impossible to do without this action?
I agree. The only way is for SDSS to successfully grow bigger.
I'm disappointed with the size of A/S too, but it all boils down to how they EXPAND the company and the number of shares they ACTUALLY ISSUE.
I trust the company to act in good faith to us retail investors.
Merry Christmas all,
Stockvader
I have a lot of shares....and Im down.....having said that, I would rather SDSS become a BIGGER company, by (almost) any means necessary
If its DevTel, so be it, if its via another method, so be it!
JUST LETS GET IT DONE!
mmc........
I understand the sentiment, and I am as frustrated as you are.....AS FRUSTRATED as you are at the lack of news, developments, deals etc....But the only way from HERE to a much bigger THERE is this way
I see no other way, do you?
that is as close to the truth as one can get
the only way to do a deal with a BIGGER COMPANY
is this way
lets get bigger
BIGGER IS BETTER
well
this should mean they are close to getting the DEV TEL deal done and making us a major player
instead of a tiny minor one
Thanks, sbb. I reiterate that I feel ANY ACTION taken by the company now Is positive for the long run. I think we're going places and this is part of the venture.
I emailed Alex about the concerns. I'll let you know if he responds. He usually does, just takes him awhile.
well, I sure hope the devtel or other deal goes thru....if not, then teh shares dont get issued, if it does go thru, we are bigger, much bigger
This is cr_p!! I 'm not voting for it. Just for fun look at other companies much bigger with much fewer shares issued. Per the 10k, there are currently 250,000,000 million shares with 79,000,000 issued. With 170,000,000 to work with...
The only thing this will do is enrich the insiders and leave us with worthless stock.
Yhis type of dilution no matter how wonderful DVTEL is will guarantee this remains a penny stock.
I have been an investor not trader.
While I'm not certain as to what the consequences are on this I am liking the fact that SOMETHING is being done; that business decisions are being made.
Maybe this has something to do with the merger. In the merger announcement there is discussion about share splits, etc.
They are apparently going to ask the shareholders to increase the authorized shares from 250 million to 2.5 billion. Since the OS stands at about 79 million now I wonder what the necessity of this is. Please someone correct me if I misinterpreted.
I'm confused. Someone explain this. My profession is Law Enforcement, not business.
2.5 billions this is not good in the short term. Canceling my buy order for now, will check in later when pps hits around .005
Glad my order was not fill today at .04
An amendment to increase AS from 250 million to 2.5 BILLION is good news?
He who is selling his shares for .04 is, IMO, making a big mistake. Why in the world would nayone bail out now?
Thanks, ET. Things moving right along. Getting exciting. I realize there aren't many people familiar with SDSS, but even with that said I'd expect we start to see some run-up activity associated with the anticipation of merger news.
EMAIL TRAIMAN !!
Yes, we are getting news !! It is on progress !!!
Dear ,
I have been told that there is nothing we can report at the time on the merger, however business development activities are ongoing. I hope to have a more detailed update soon.
Sincerely,
Alex
Yes And patience pays off, but you already know that
Welcome Patience and Buccaneer. I've been following this company (and invested in it) for several years now. I have a career in Law Enforcement and I'm a firm believer in this technology. It's going to change not only how we find the 'bad guys' in the world war against terror but how the corporate world selects its key sensitive employees. This tech can identify 'intent' - before the crime or wrong-doing is even begun. Management at SDSS is supperb. As the other posters told you the 'merger' talks are not a rumor. Links were provided. Just the fact that a company like Dvtel is engaging in merger dicsussions with SDSS tells me all I need to know. SDSS is real and it's technology is real. What is the value? I don't know. But, it won't be selling for 0.05 when this is wrapped up. $1????? I don't know. Maybe. Whatever it is I'll be happy. And once hooked up with Dvtel the resourses are there for massive growth.
Do your DD, and good luck to you both. Don't hold up too long; we could get news any time now. Discussions don't have to go to the end.
The 8-K looks great. Can't wait till DVTel allows SDSS to PR the news. It will be explosive, IMO.
That SDSS merger looks amazing. This looks like it could be a great investment over the next several months.
SDSS looks exciting. Picked up a few today.
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Waiting for the company to release an update or some news......Once that happens the I-Box will be updated accordingly. I removed most of the old info as until we have an idea of direction is clutters things up. | ||
1 | Share Structure: AS: 250,000,000 A/O 12/31/2014 OS: 98,460,551 A/O 12/31/2014 Float: 57,965,644 A/O 12/31/2014 |
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