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When is Donnelly going to update us on all those new users?
The only guy who could fire DK is TG.
Unfortunately, it’s over and everyone here knows it. They may not admit it but they know it. Great board with a few obvious exceptions, great angel investor in TG, but nothing in the way of a product. Could go down in history as the oldest start up never to start up.
Haha, greed and stupidity. Otherwise known as drinking the Koolaid.
Leit,
We should have cashed out and stayed out during the JG years. I sold shares in the $8’s.......it was exciting. JG was a great promoter. Now it’s just sad. Many MILLIONS of dollars lost. “Breathe in, Breathe out......”
My take is that they want to sell the pump and use the funds for sleep tech. My wish would be for DK to give the shareholders his honest opinion what the commons will get out of this. We deserve that much.
New App?
Donnelly’s testimony looks like a ridiculous prediction at this point, actually probable somewhat worse than that.
Breathe in.......
What do you mean? What about all the sales Donnelly testified too. What about the reports being filed with the SEC? They must be ready to take action by now...
There is a link already. Read Fad’s post.
I’ve surrendered. Good luck to almost everyone. To many golf courses to play, beaches to walk and land sharks to drink to worry about this anymore.
“Breathe in Breathe out and move on.”
I guess we should stop calling it the "annual" meeting.
Still no news about the annual meeting? Interesting... TG owns 91% of the preferred shares in case anyone was wondering.
Sounds good, makes perfect sense. Very logical. Thanks for the explanation.
I don’t believe I ever said the common will get “screwed” by the preferred. The preferred are owed millions in accrued dividends. They (mostly TG) will get paid in full before the commons see a penny. Why would anyone post his common ownership while neglecting his preferred?
I stand by my Funner post that paints the true portrait.
TG owns 91% of the outstanding preferred. Commons are virtually worth nothing. When we try to deceive...D
Funner fact. Why not post this?
Preferred Stock
The following table sets forth certain information regarding the beneficial ownership of the Company’s Series C Preferred Stock, Series C-2 Preferred Stock and Series C-3 Preferred Stock by each person who is known by the Company to own of record or beneficially more than 5% of the outstanding shares of such stock.
Name
Number of
Shares
Beneficially
Owned
Percent of
Shares Outstanding
(1)
B. Thomas Golisano
39,687,500 (2) 91.4%
(1)
The calculations in these columns are based upon 15,687,500 shares of Series C Preferred Stock, 24,500,000 shares of Series C-2 Preferred Stock and 3,268,000 shares of Series C-3 Preferred Stock outstanding on April 29, 2019, plus the number of shares of common stock subject to outstanding options, warrants and convertible stock held by the person with respect to whom the percentage is reported on such date.
(2)
Represents 15,212,500 shares of Series C Preferred Stock and 24,475,000 shares of Series C-2 Preferred Stock Series. The address for Mr. Golisano is c/o Fishers Asset Management, 1 Fishers Road, Pittsford, New York 14534.
No way this stock ever hits $1. Pipe dream. Still no date for the annual meeting?
Kaplan wasted 6 months trying to strike a deal with one company. Huge mistake that I’m sure he would probably admit to. I would like hear a realistic sale price from the company and how that translates to common shareholder dollars. I’m guessing pennies.
The major tech they were so proud of when they showed it to me couldn’t be sold and it was shelved. It was the iso. The video tests they showed me were very impressive.
Please provide us with one post that’s solely babble.
It’s world changing. Just ask them.
I spent 4 to 5 hours at the facility with Keith and Jim. It was very impressive. However they can’t sell it.
This company has become a bigger joke than I thought it ever could be. I’m amazed the entire board hasn’t stepped down. We have some great board members, I think they were sold a ........
Thank you for making my point. He’s never brought any new tech like Torvec has to market.
He’s had many years to do that. Someone please remind me what experience DK even has to be in the position he is now? He and Asher have a lot in common.
Dealing with one company and wasting 6 months is inexcusable.
Right up there with investing a million dollars.
$.10 on 93,000 shares. Someone must be disappointed that Asher stepped down. He had a lot to offer I guess. Hope Lance has a rabbit up his sleave.
Wonder when the reports we were promised are coming out? What a load of crap....
It was less than a dollar when I did. Road it up to about $8 then sold and went back in. Classic F-up. Only thing dumber would be putting a million dollars in unless you're TG.
We have a who’s who of Rochester’s must successful business men. We don’t need Lance. What we need is a saleable product. But you are welcome again friend.
We gambled and it looks like we lost. Some of us more than others. That's the penny stock game.
Things have gone just great since they added Lance.....
What possible value could he have ever added to that board?
The price decrease is the result of the company's failure to EVER successfully deliver a product to any marketplace. Dilution? Seriously? Dilution would obviously hurt the commons if something his ever sold. But it has nothing to do with the huge price drop. Without the dilution you could argue the price should be $.24 instead of $.12. Big deal....
To bad it wasn’t Bosch. We may have had a deal. However the CEO made the wise decision to negotiate for six months with just one company. Wonder what TG and the board thought of that play? I’m guessing not much.
Why would someone respond to his own posts?
You're welcome
I believe that Paramax will complete a deal in a number of years. I expect the preferred's to get repaid and the commons left with little to nothing. I also expect constant criticism from shareholders who have foolishly invested too much money and reek of panicked desperation.
Let's see some facts that what we have is worth enough that we can get more than $.20.
We have a CEO who put all the eggs in one basket. He gambled and lost. Now we are starting from scratch. The prototype cycle will start all over again. If you think there will be a quick sale you are dreaming IMO. More and more dilution to follow......
If it was a “ moon landing” PH would have been all over it. Every product they have deleloped has been over hyped and amounted to nothing. $.11 is basically worthless. Just glad I wasn’t dumb enough to lose a million. TG most be livid.
$.11. Has to be an all time low. Basically worthless. Question to be asked is why did DK solely focus on Parker. What makes anyone think that the latest savior will be any more successful than the previous? Does anyone know what the cumulative outstanding liability to the preferred shareholders?
$.13 is deal. Please buy more.....please. Broker a deal? Hope they do a better job than DK. They must be beating the doors down since Parker walked away.
$.13 is deal. Please buy more.....please.
The only one who kept them afloat is TG. The rest is pocket change.