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I am a long here, but I just don't understand this company... they make annoucements that big things are going to happen, but never do. Does anyone actually have any hard information on the status of things? I am not interested in asegal's input as it is biased and unbalanced. Not sure what his obsession is with the company, but it does seem to be an unhealthy obsession.
Are you kidding me? "No changes in the company except for the negative news of the merger with HOS motor sports not going through." No changes except for that small change!!!!! Are you #@##ing kidding me!!! Not only was that a major change, but there were many more negative events directly linked with the CEO and his failures. The CEO made many statements in PR's and very inappropriately in private conversations and emails to investors that were then passed on regarding great things that were going to happend imminently... but then not only did they not happen, they were never even again addressed. He also stated that the company had non-disclosure agreements in place when they were in fact, for all intents and purposes, no longer viable as whatever potential deals were being worked on had fallen through or, more likely, never existed. And then to blame the economy for the failure of this company is just delusional. It's individuls like you that allow Davenport's kind to get away with treating these small corporation (they are corporations!!!!) like their own personal bank accounts. I love it when inividuals like yourself disregard all that has happened simply because maybe you were not in at the time. If you weren't affected then who cares right? Finally, as I said in my earlier post, I understand that pinks are risky. The risk involves whether or not the company and/or the technology is viable. The risk should NOT include the risk of being ripped off or disregarded by the officers and directors of the corporation. These are NOT lottery tickets or bets in Vegas. I cannot tell you how tired I am of that simplistic, naive, silly, childish, ignorant and LAZY comparison. Taking risks and gambling ARE NOT THE SAME THING.
First, if this was all a play for the CEO to be able to buy up shares, then he is a criminal. Second, all this talk about those who can now spend $100 and make out down the road is completely dismissive of all of us who spent a lot more and got SCREWED. Unfortunately, no one has stepped up to pursue legal action against Davenport. I admit that I am unable to do it. But, if someone out there has the time and resources, you could be a hero. The only way that those of us who owned a large amount of shares before the split can somehow get out of this without completely losing our whole investment, is if there is a forward split at some point. Otherwise, the stock could go to $100 a share tomorrow and most of us would barely break even. Where is Davenport? What is he doing? He is the president of a publicly traded corporation who SCREWED its shareholders. He has a fiduciary duty to us, which he absolutely violated. Please do not say "those are the risks with a pink." I am so tired of that sort of thinking. The risk with a pink is that the company and/or the technology is risky for legitimate reasons. Just because a pink is a pink does not mean anything goes. Pinks are not the wild west where anything goes. The CEO of a pink has a duty to its shareholders just like any other CEO of a larger corporation.
Has anyone talked to davenport about the product? Unfortunately, I am stuck being invested in a company based on hopes and dreams, rather than a product or even a prototype. Has he said anything to anyone regarding what he is doing re the product or project???????
Has anyone ever run into such a thing as this... an announced reverse split then nothing? I thought Davenport could not get any lower. Has nayone spoken to him or tried to speak with him... or emailed him? Is anyone still interested in pursuing legal action? I would be on board, but I cannot lead the effort. Does anyone know anything???? I would even just like to know if the guy is still around. I would just like to hear SOMETHING! ANYTHING!
The new price will not be 100,000 times what it is now because Davenport is, relatively speaking, giving away millions and millions of shares by giving 100 shares to those who have less than 10,000,000 before the split. Think of it like this, if the rs were not happeing, what he would be doing is saying to all shareholders with less than 10,000,000 shares... 'if you have fewer than 10,000,000 shares, here are some free shares to get you to 10,000,000.' In theory, if someone had 100 shares he would be giving them 9,999,900 shares for free. So, after the split there will be many, many, many more shares relatively speaking.
I hope you are serious about hiring an attorney, because this cannot stand. I don't know if davenport thinks that by making those with fewer than 10,000,000 shares happy he will be able to skate. But, his lack of understanding or caring that those with more than 10,000,000 are absolutely getting screwed (excuse my language) is shocking. It is appauling that those who have put out thousands of dollars will end up in the same or very similar positions as those who have put up a fraction of the amount. This guy davenport is shockingly dim. The only way this company will succeed is if he is gone... period.
I don't have the resources to hire an attorney, but if anyone else does, this should not be allowed to stand. It is absoultely unfair to all shareholders, but especially to those shareholders who have allowed this stock to survive to this point... those with 10,000,000 or more.
Just because this is a pink does not mean that anything goes.
CallMeCarrieAnn, let us know how you make out. You seem to be one of the few credible posters left. I sense that you are, like me, very frustrated with this whole thing. I really am upset at the way things have played out with the company, with davenport (I refuse to refer to him as 'JD' anymore... too quaint for such a despicable chracter... ), and with most of the posters on these boards. From the beginning, I always felt uneasy with the way the Hoss deal fell through and with all of davenport's wordsmithing, but I let the hype of these boards get the best of me. I hope something happens with this stock. I sense that the only hope is that somehow, someway, davenport patent's something because, as we now know, symw DOES NOT EVEN HAVE A PRODUCT!!!! Sorry, I had to let that out.
I can't tell you how disgusted I am with JD and with you MikeyMouse. All of a sudden JD is clueless... after all the BS you have been feeding this board. What's your deal?
Mikey, in this latest conversation with JD, besides your wonderful and useful observations about him being an old man who can't walk, did you get around to asking him if he was still working on the project and if he is, what stage it is at.
So much for the prototype being complete in June as JD once told us. Has anyone been in touch with him? This guy amazes me... he either says too much or not enough. The fact that he has not even made a statement that the prototype is still in the works is just unbelievable. If I had known that this guy was so amazingly bad at communicating with investors, I would never have invested because I think it says something about his character, his credibility, and his overall common sense! JD, you don't have to tell us that you have a billion dollar deal in place, you just have to tell us where things stand generally right now... how is the prototype coming... are there any REAL possibilities for partnerships, etc.
I really don't think this stock is or ever was a scam. But I do think we all made a big mistake believeing in the credibility of JD... just my opinion based on what he has done and said.
JD, buddy... please please please prove me wrong.
Wow, you really took me apart. First, all investors invest on hearsay. PRs are hearsay, news reports are hearsay. Unless you are hearing from the CEO or other applicable person directly, you are dealing with hearsay. Second, yours and Mikeys argument that when we invest we have to expect changes, failures, etc. That is true, but you almost shockingly neglect to mention that JD has never mentioned anything about any such changes or failures... he just puts out PRs or word through conversations and emails that great things are in the works... and then never addresses them again... So, changes, curveballs, etc. I can deal with, but making believe those changes and curveballs never happened or never addressing them, I have a problem with. Third, I love it when people act as though legal action is something that should be frowned upon. America is a country of laws. You and Mikey and many others loves to spout about how it is so risky investing in pinks. True, but did it ever dawn on you that by doing something when a scam or an illegality takes place, it will make it better for all... it will make those in the future think twice about acting in the same way. Fourth, check Mikey's post... he said lotto ticket and gamble. At least read his post before you defend it. Finally, I am not saying SYMW is a scam. I am saying that it appears that JD may have crossed the line when he said certain things, causing some to invest on either false or misleading information. I still have a large investment, so I am hoping for the best. But, again, if JD or anyone else crossed the line, why should we just chalk it up to 'hey it's a pink.'
Mikey... please... enough with the "It's a gamble, a lotto ticket" stuff. This is simply not true. Many investors in this stock, myself included, invested because JD told us that things were going to happen. You can say, he can say, whoever can say that there is always a chance things won't work out. Of course that is true. But, it is my opinion that JD went over the line and misled us into believing that he had something, when he did not. We did NOT invest in a lottery ticket... at the time I invested JD was making statements in PRs and through conversations and emails with people like yourself that, again, were, in my opinion, deliberatley misleading. I did NOT invest in an idea. It was only after JD told us of the great things ABOUT TO HAPPEN and then DID NOT HAPPEN that people like you start spouting this 'we invested in an idea' garbage. I invested in a company that said it had a product, and it did not have one. Maybe you are content with being taken advantage of... I am not. If things do not turn around, I expect that there will be legal consequences for JD and/or those who posted things that were not true. Someone was being misleading... either JD or the individuals who were claiming things on his behalf.
Did he give any sort of timetable at all???
Mikey, Did you call or email JD?
Greenplus... any thoughts on what is happening.
Mikey, Did you call or email JD? If so, what was his response?
Is JD dumping shares again?? L2 anyone?? Thanks.
Mikey, I hope you are right. While I agree that we invested in a business plan (which you can say about any investment), but w did not invest in THIS business plan. I invested in a company which claimed to have a product and which claimed a deal with HOSS was going to happen. I understand deals fall through, so that is a risk that I willingly took. But, would you have imagined at the time that you invested, that we would where we are now... with JD telling us he does not have a prototype yet... that he has ideas that he hopes will work and that he hopes will translate into a product??? There is a difference between (A) a company developing a new prototype to improve on a product verses (B) a company (SYMW) seemingly having to develop a prototype because its existing technology must either not work or is not marketable. Otherwise, why would we not have deals involving the existing technology for which SYMW currently owns the rights to? We are invested in (B), but thought we were investing in (A). Again, I agree that we invested in a business plan, but the business plan that we are invested in is not the business plan that we were led to believe we were invested in.
I understand your frustration with some of the posts that simply say "JD screwed us" or "this stock is a pos." I, like you, am not interested in hearing these mindless assertions without any analysis or insightful comments to go with them.
I hope JD comes through. I have more shares than you do, so I have a substantial interest in this company's future.
cassius, I agree wholeheartedly with your post. Are we really going to get to .0001? It seems that way. Makes me sick. The more I think about this the more upset I am at how we have come to be in this predicament. It was not because we all simply assumed the risk of a pink. Investors base their assumption of a risk on the company and the company's officers/directors, etc. I, and I assume most of the other SYMW investors, made this investment based statements made by JD that were either not true or that were true at the time but have subsequently changed but with no explanation as to why or how things have changed. I am stuck here with this investment because at this point I am not willing to sell at a loss. But, at the next PR pump I will sell to break even unless it is clear that real progress has been made by JD (hard to believe... and I feel that even it it sounds like real progress has been made, I feel that I will have to read his PR a few times because of his penchant for wordsmithing). I guess there is no point to my post other than to vent.
Has anyone been in touch with JD recently?
Any predictions on when the next PR will be out? Also, anyone have any info on the status of the Carleton website that is supposed to be going up? Hellloooo out there....
No trades in over an hour. Anyone have the L2? Thanks.
How is the L2 looking? How are the buys v. sells? Once again the volume is impressive early on. Thanks.
How are the volumes low at 4? I keep seeing only small buy/sells at 3 and larger buy/sells at 4. Thanks.
L2 anyone please? Are these buys or sells? large volume so far!!
I just can't take it anymore. I had calmed myself down and accepted the fact that this stock is going to be a longer road than expected (than I was told by JD)... But another PR that just makes me MAD. Another PR that IS NOT NEWS... it is a project update. IT IS NOT PR!!! All it does is hammer home in my mind the fact that I am invested in a company that has not even developed a prototype... yet just a few weeks ago was telling us that WITHIN DAYS great news would come forth. In my mind there is this huge blank spot that should contain the explanation from JD as to what fell through or what bad news JD received to change things from being so positive to seemingly a company that has had to start all over. WHY IS THE PROTOTYPE, NEVER MIND THE PRODUCT, AT SUCH AN EARLY STAGE OF DEVELOPMENT!!!!!!! I should even refer to the prototype itself, JD is DEVELOPING THE SPECS FOR THE PROTOTYPE, NOT EVEN DEVELOPING THE PROTOTYPE ITSELF YET!!!!!!!!!
I am not going anywhere, but these PRs are killing me. Once again, this PR says to me 'we have an idea, but we have not tested it, we know there are problems with it, we are seeing if our idea and the known problems can be fixed.' The problem is, we were told this company had a product when I invested in it. JD really has some explaining to do.
What's the deal with the 5k sale? That was a $1.00 sale. Someone trying to artificially keep the price down?
L2 anyone? Thanks.
Let's hope something is brewing. I'm not going anywhere at this point... can't go down much further. There's only a few of us left!! Let's hope that at least one of those who left has my kind of luck... that as soon as I sell it goes up. So many long-termers have sold that one of them has got to have that kind of luck. If so, we are sitting pretty.
Any 4's on the L2? Anyone have a guess on when the next PR might be out?
L2 anyone?
Good info. Thanks.
I have been questioning the content and the timing of JD's PRs from the NDA PR on. Nonetheless, I am still here and I am hoping for the best. I have been pointing out the problems that I have with the PRs. But at this point I guess I need to remind myself (and others) of the positive, or at the possible, basis for this stock and JD to be legit. First, SYMW and Carleton did get that grant. Therefore, this is evidence that JD does have something legit. Second, if JD were as smooth a con artist as some are saying, he would not send emails to shareholders. He would strictly keep his communications from having any record. Third, he did spend the time and money to update the financials. These are the threads that my hopes are hanging by. Any thoughts from anyone??
I am actually expecting a PR. I don't believe that JD does not watch the stock price. I expect that he willput something out to try and curb this fall, as in my opinion he is probably shocked at the price right now. I say this because he seems to be unaware of why shareholders are concerned. So, I bet that he might try and do something... whether what he does or says will have any actual facts, who knows.
L2 anyone?
Very disappointing. Mikey, are you still in?
Very disappointing. Mikey, ar you still in?
cassius, thanks for the posting. You took the words right out of my mouth.
Sho, I agree with cassius. I don't blame you, but as much as it now seems that JD's word cannot be trusted, it would seem fair to all of us who accepted his word through your postings that you should contact him one last time and see what he has to say about what is going on with the company and the stock. I will take his word with a grain of salt, but I am curious as to what he has to say to you. What do you think?
You're having a great day? What is about you people, you're out so now you are going to enjoy watching others who are still in possibly lose their money? You're going to crack a cold one?? Nice.
That is the question that I have put forth many times on this board recently, but no one seems to have the answer.
I think most of us understand all that he says regarding the amount of time it takes to complete a prototype, etc. The problem is, why is he only at this stage now, after he had previously indicated that big news was imminent? I just don't understand why he is now saying 'hey all this stuff takes time' when a month or two ago he was saying that news was going to happen possibly within days. You must agree that there is a legitimate question there. Either something fell through (which really does not make sense because how could anything even have been close to happening without even a prototype) or he was not telling us the truth. What am I missing?
Also, just the fact that he does not address the NDAs or Carleton in any of these correspondence is a BIG and growing concern regarding SYMW and also regarding JD's turthfulness. I am trying to be positive, but my concerns at this point outweigh any hopes that I have. Nonetheless, I am still hoping for the best and am sitting tight for the time being.
It is absolutely shocking... shocking how bad the PRs have been and how bad the current state of the company is according to those PRs in light of JD's earlier statements.
I really don't know what is more disturbing, the state of the company or the fact that JD really thought these last PRs would do anything but hurt the company... is he that out of touch????
I said this in one of my eariler posts... SYMW IS NOT JD'S COMPANY... the shareholders own it collectively. He has a duty to inform us when appropriate. He has not done so. His wordsmithing may come back to bite him because if this stock tanks permanently, I, for one, will not just walk away without making sure whoever misled us answers for doing so.