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#17 on the break-out board today, not too bad. Starting some DD on this as it might be a huge play.
One question, why no news in almost year?
TIA
I got out this morning but that is really sweet!!!
*PTAH...I just wanted to thank the poster who posted about this play a couple of weeks ago. Nice in and out for me!! GLTA
Well Crap...A new 8K was filed today to sell 5m more in common stock off their previous shelf registration.
Guess we wait.
GLTA
Speculation is after the extended hours trading has closed that there is going to be a PR release.
http://photos.prnewswire.com/medias/switch.do?prefix=/appnb&page=/getStoryRemapDetails.do&prnid=20051018%252fCARDIUMLOGO&action=details
GLTA
I believe their debt is around 300K if I remember correctly..
Stockjob,
IMHO, this is going to be a slow process with bumps & dumps along the way.
The next bump should be for the announcement of a partnership in the marketing and sales of Excellagen followed by AMEX compliance. Then hopefully we start seeing revenue generation improvement on a quarter to quarter basis.
Just my WAG after holding for two long years..
GLTA
The Next logically move after the buy-back is complete is for the BOD to covert SG’s commons to preferred and retire those shares…
JMHO
GLYA
"Are you suggesting this will go down below the teens again????"
Most likely it will over time. Pinks trade on Rumors and news..Buy the rumor and sell the news..
Just being real...GLTA
Market is down over 600 points and this is currently up 40%...That should get some attention...
GLTA
The DOW being down almost 350 points today is not helping...
GLTA
I don't see .65 until they get the FDA approval which has been dragging on since Dec..2009.
GLTA
Nothing is wrong here...I have been watching Level II on this for a month now and what we have here is a bunch of flippers making money on the 2-3 ticks everyday. Nothing more to it...IMHO.
bd marked...Cool Board
I have staggered some buy orders if anyone is ready to sell. I hear all this talk about if this doesn't happen then I am going to sell...
Well..the 6M in volume today tells me that is not happening yet...
If you can't wait it out, then go ahead and hit those sell orders now to avoid the rush...
Jeesh!!!!
GLTA
Well said and I agree...
Sliderulex,
I think that you and I agree that posting the financials and keeping them up-to-date is a very important next step for the company. The numbers IMHO will look bad but just the fact that it is being done will prove a lot to me.
For the record, when it comes to stocks that trade on the pink market I am most certainly a trader and not a long. That said, I have gone against all my trading rules on this one and have held a position for awhile now and I hope I don't regret that..
GLTA
"What the market would consider great news is to get the long awaited and much sought after FINANCIALS. "
Why would the financials be great news? Even Scott has said in various PR's that they are just now in the timeframe for the company turning a profit.
What do you and the market think they will see in the Q1 and even Q2 statements when they are released?
Do you think that just the fact that they release the numbers is important or are you looking for good numbers?
My WAG is that when the financials are released the SP will fall and this board will be full of people saying "sell this POS because they are not making any money...etc.."
This is a wait and see but if they continue to move forward with building the buisness then we should be fine in the long run.
GLTA
A very positive rumor if you ask me…
IMHO, it is a step in the right direction. There is a lot more work to be done by the company but it looks like they are following thru with their model to become profitable in the future.
This will be a long slow process but so far I see no reason not to hold..
GLTA
BTW, If we are going to start rumors why not start with one that says “that SG is going to convert all his common stock to preferred and retire the commons that he was holding?”
Just kidding course…
Anaklin,
What has happened is they have the reduced the number of shares the company is allowed to sell to the market (A/S) by 1.5B shares. This keeps them from diluting the value by adding more shares which is good for shareholders.
The same amount of shares are still outstanding so the value really has not changed yet. This value can be changed either by increased revenue, share buy-back or R/S of the outstanding shares.
Hope this helps..
GLTA
"CEO Scott Gallagher said it and did it!!"
And if they continue to do that it will put them ahead of 99.9% of the stocks that trade on the pink market.
Keep moving forward with the buisness plan and we should all be good in the long run..
GLTA
Does anyone have any idea why CXM has been creeping up this week? It looked like it was dead and buried but it has slowly been moving up this week.
Thanks for the info. I have lost focus on this one for a little while in favor of some other holdings and have not been thru their latest PR's line for line. Hard to say if they got everyone of the debt holders on board for the extention or not.
Guess we will see how this goes but the A/S reduction previously announced would be a good place to start IMHO. Fact is that they EYSM will not start to attract the kind of attention from investors or potential buyers that they want and need until the share structure is "cleaned-up" so to speak.
Will check back later!!
GLTA
Sliderulex,
I agree with you on the following statement. "What all the hubbub is all about has to do with Scott being late on fulfilling his promises on A/S reduction, name change, and financial report. And these concerns are valid, and are likely the cause for the decline in pps we've recently seen."
You can also add that most likely you will continue to see it fall if the debt holders are selling. The extention was only until last Sunday and I have not seen where that it was extended again.
The problem is that in "Pinkland" failure to follow thru is like the kiss of death and we are headed that way. Kind of like the "sky is falling:" story...Pretty soon, no one believes you anymore.
Still holding and waiting..GLTA
Skippy,
Basically you have people who have invested money in the company and have the right to turn their cash investment into shares (which I am sure were at a set price or at a premium to the current)at anytime they want.
The news is basically stated that they have agreed not to covert until atleast May now.
It is good news really as it keeps them from converting and then turning around and dumping them all on the market. This would most likely cause a sell off and screams of dilution.
I think Scott and the rest of the company are doing a great job of building the buisness and also trying to improve their balance sheet. IMHO, their biggest hurdle on this front is the share count and it seems they are trying to address that. Once they get their share count more under control there is nothing stopping them from moving to higher exchanges and becoming a major player.
The transition from a cash poor "start-up" company to a fully reporting company can sometimes be tricky..
Full disclosure, I cuurently hold no position here but have traded it on and off over the last 6 months.
GLTA
T/A,
Funny, my GTC order at .0002 has been in since December 18 and will expire soon..
GLTA
"Question why would they buy back shares then dilute in April?"
The company will not, IMHO but the debt holders may choose to covert to shares and then sell. They have agreed not to do that until April 15 but after that no one knows.
My WAG is that if they get things lined out with the debt holders and can then lower the A/S count then this is gold!! If the debt holders convert their cash to shares and dump them...Well, you don't want to know..
GLTA
I agree 100%, Everything seems to be on sale today..
GLTA
April 15 is the key date IMHO.
From their PR on February 14..
"Founder and CEO Scott Gallagher commented, "I'm very excited to be able to advise the stockholders of our Company that we are making tangible progress in our attempts to turn the tide and improve our capital structure. I have secured verbal commitments from several debt holders that they will not request any debt be converted to equity from now through April 15th, 2010 at which time they will review our operating results and continue further discussions." Gallagher continued, "We canceled more than 2 billion shares during 2010, confirmed that no reverse stock splits will occur during 2011 and now freezing the capital structure, even for 60 days, will hopefully provide some confidence to investors and improve market transparency. More importantly we believe the freeze provides us with an opportunity to hold our structure where it is while our operations continue to improve over the next 60 days."
As of today Elysium Internet, Inc. has 2,295,624,262 shares issued and outstanding. No shares will be issued until April 15th at which time we will advise the stockholders of the intentions of the debt holders on a conference call. The Company is awaiting word from its attorney regarding the timing of its name and ticker change."
Full disclaimer: No current position but still on my watch list..
GLTA
A R/S may be the only option they have very soon. Just to clarify, they are not dumping on us at "No-bid" but rather they have dumped on us from bid to No-bid. Everytime it starts to run from a PR they have dumped more shares on us.
GLTA
"Again, I am just trying to figure out why Garth would let or even want this to run at this point, assuming it was even possible"
So he can continue to sell shares. It will reach a point that he NEEDS this to move in order to generate more capital.
"Is it at no bid because he is afraid of there being a stampede at the checkout counter?"
No, it is at no-bid because the company has dumped shares into EVERY run and investors have caught on. They never have really let it run very far before dumping shares on us..
The current situation only helps the company if they were doing a share buy-back which this one is not doing..
Still holding with no where to go...
GLTA
Great news and congrats!!!
Cool, I will look into it more and Thanks!!
So Leucro, what is the story here? I dumped my previous postion that I told you about and i am looking for a new play. Anything fun over here before I spend the time to do the DD?
GLTA
You may be correct but I personally am O.K. with that if it happens.
GLTA
"the revised 510k will be refiled this quarter?"
IMHO, it should be filed this quarter but we will still have to wait for approval which may continue to drag on.
The re-file will not really move the PPS much (if at all) but if/when the FDA approves it then we should see movement.
"will the Co issue a PR when refiled?"
I believe that they will...
"what type of bumpin pps we'll see upon refiling?"
Not much if you ask me. The first real bump should be approval of the 510K by the FDA and IMHO the real bump will be the partnership announcement once it is approved.
I see CXM milestones as the following:
1) Approval of 510K
2) Announcement of Partnership for the marketing and distribution once it is approved.
3) Revenue from sales
The things I like about CXM is the potential for a partnership (and/or buy-out) and the chance for some real ongoing revenue by mid 2012 and that right now their share structure is still pretty decent.
The downside is that I do expect some dilution soon as their cash starts running lower. I am personally o.k. with this if it is done in a responsible way but from a market stand-point it will push it to under $0.20 if I had to guess. I'm ready to buy when/if it does but that is a risk that I am willing to take.
Like all Bio's it is risky so do your own DD.
I am playing this for a long term (2012-2013) share price of $10 plus..
GLTA
Blue,
I hope your right...I had to clear out this morning it was just killing me sitting on all that green.
I sincerely hope you all make a killing!!
GLTA
Mulder35,
I can't say I blame you at all. I closed out my position yesterday when I saw a chance to get out green. I will say this moves very easy both ways but I just don't have the time right now to watch it the way I should.
With the R/M going forward it may push the buy-out offer forward a little faster, IMHO. I sincerely hope everyone makes a ton of money on this!!
GLTA
Novice,
IMHO and it is just a wild a$$ guess, we are looking at most likely a year before we really see this get to the level ($3-$7)that I think it could be at. And that is if everything goes well as far as clearance, partnership and revenue. I still believe we have another round of dilution coming but their share structure is still pretty decent.
I keep adding as I can and hopefully but this time next year I will be in good shape but it is a gamble..
GLTA
We will see how it does..I'm holding long term but I don't expect to see the wild increases until the A/S, O/S and float numbers come down via the retirement and later the buy back.
Remember that the tighter the float the more movement these things have as it does not take near the volume to move them.
We will always have the flippers, traders and momo players in the game so this may take a little while to slowly go up.
So far the company is doing exactly what I think they should be doing.
Build the buisness, start making consistant profit, use part of profit to clean-up share structure while making sure you strenghten the balance sheet at the same time. A strong balance sheet means very little risk of dilution down the line and is good for all!!
GLTA