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That may be true, it depends on how the short volume was recorded.
But there weren't any significant failures to deliver for that period. And with the amount the O/S has been increasing, covered shorts aren't the main problem.
The one of the back view of the tablet - which is posted in the ibox intro - is clearly altered, looks like microsoft paint lol.
A little misleading, given that its in the intro message.
Got to love google.
sorry stocker - supposed to be a reply to you, but one too many beers I guess. rofl
So far they all look to have been photoshopped...
http://technoholik.com/news/mobile/smartphone/acer-unveils-liquid-gallant-and-liquid-gallant-duo-smartphones/3942
http://www.google.com/imgres?imgurl=http://www.hi-sty.com/upfile/product/201261512164277582.jpg&imgrefurl=http://www.hi-sty.com/English/Bs_Product.asp?EnBigClassName=MID&EnSmallClassName=wifi%20version&h=290&w=567&sz=58&tbnid=cUiSLW7Ce6X3AM&tbnh=160&tbnw=314&prev=/search%3Fq%3D%26tbm%3Disch%26tbo%3Du&zoom=1&q=&usg=__Lvtvvp9Hhiw3Kj2CPGNieEm7tjk=&hl=en&sa=X&ei=X8NwUIKOPKf8iwKivoHwAg&ved=0CE0Q8g04FA
Have you seen the decent volume in the last week?
Hasnt even been able to put a dent in the 4's.
And probably wont be able to dent the 3's in two weeks.
That money can't flow without an S-1 and $50 million in restricted* shares changing hands
exactly, which is probably why it wont be filed.
I've yet to see a PR to that effect
I haven't found any photos
Im focused on the details because they are important.
S-1 details
Of course he did, so much for everyone's millions in volume without O/S increases. Oops
Don't think he'd sell very many phones at that price, his market is niche is cheap wireless.
You could buy 2 Iphones for $400 with a bare bones contract.
Who in that market is going to pay his rates, plus that phone cost, for his spotty coverage that was ONCE listed on his no longer running O2USA.COM retail page?
As far as I know, the only way to get to a higher exchange while diluting 50 million dollars into the share structure would be a R/S.
And thats just for the PPS requirement.
Not to mention all of the reporting requirements.
That sign has supposedly been up for months and months and months.
Yeah,
Can't meet the requirements for the S-1, so AGS will just dump their legal payment in shares if they havent already. Even if they could file, it would just mean endless dilution because AGS probably wouldnt hold any of it for any significant amount of time.
But the details are really insignificant because the 50 million headline was just another ploy to dazzle patsies - just like the 100 million dollar loan that sucked a lot of us in last year.
Same old, same old.
not necessarily, could have diluted it dowb from the price spike.
even if it wasnt occuring the last few days, its been a consistent occurence for the last year. Just look at the share structure history.
not bothered by the fact that it was taken down?
Otow doesnt meet the minimum requirements unless theyve been hiding a really big rabbit under their hats for the last few years.
sooo what about the retail website?
Mine didn't even hold, just cut straight to voicemail.
Don't know if you saw after I edited the post, but the o2usa site also appears to have gone "poof".
So just where are all of these expenses coming from?
Lol
I'd like to know how we're supposed to be selling these debit cards as well.
Called the number they list in their commercial and you get an automated recording "Thank you for calling o2 US card.." then asks you to "let your name and phone number" because all of their agents are busy.
Hard to make sales when you dont answer the phone.
OH, and o2USA.com - the website meant to sell all of those devices and plans - doesn't appear to be active anymore.
Go figure.
Theres been zero mention of this in any PR to my knowledge.
He cant even get one store open at this point let alone a franchise.
How can you even justify saying that?
IMHO american bulls has far too narrow a technical scope to be usefull.
Not that I necessarily disagree with that assessment, but my understanding is that they had a buy rating out earlier today.
One candlestick changes and they change their opinion.
its bad if you dont have the records,
or if your records dont show anything loan worthy.
Which, in our case would be bad IMO lol
But i think most of us saw that as an attempt to milk the life out of the share structure from the beginning - so im not too surprised.
but who knows.
and the requirements for that loan are... drum roll please!!!
My goal isn't to bash anything,
But this PR has enough holes to drive a truck through, just like a lot of the others.
It simply doesn't make any sense.
Well then I'm sure you're aware of this as well.
they never got their s-1. but more than likely AGS still got their legal compensation in shares. Not even about the money at that point, it establishes a trend in which OTC companies have resorted to using AGS without being able to meet the requirements for the S-1.
But I guess you already knew that from the other posts
Visual Aids - Companies that have been financed through AGS
PAPA
IMO they'll never own remotely close to $50 million in shares... Which would make that a non-issue...
Our current market cap is approximately $1,132,969.709, we'd have to be trading around .025 to even have a market cap of 50 Million, and obviously AGS wouldn't be able to own them all. The amount of restricted shares is obviously not the whole O/S.
The O/S would have to be raised dramatically at these levels to sell anywhere near that amount - which means when they become unrestricted they have nowhere else to go but into the float.
But like I said before, IMO any financial institution - even AGS - wouldnt risk that much money on such a historically unsuccessful venture.
its definitionally pretty straight forward.
The company has the right to sell "restricted" stock to the financer (not lender - theyre getting equity in exchange for the capital) who then profits from share increases by dumping the shares back onto the market.
Most legitimate deals of this nature offer some shareholder protections like price floors and restricted share requirements. They also usually are transferred at market price.
But as per our PR the transactions are to occur below market price - setting the financer up for instant profit when they flip the shares.
Whether they claim to be giving away restricted shares or not. IMO theres going to be a loophole or limited restriction time because no financial firm would expose themselves to that much risk by buying now and waiting 6-12 months to cash in on a security thats dropped well over 90% in a years time.
Im sure you know this, more for the general board.
If im wrong on any part feel free to correct me, but thats what 2 minutes of googling got me in addition to some applied logic.
X2
theres no arguing with fantasy though.
Now that vals secured a way to sell his shares for financing hes going to simultaneously buy back the float with the proceeds from the financing!!!!
er wait, what?
rofl
Still a shareholder, but only because its not worth the commission to sell. Still hoping something will come together long enough for it to be worthwhile to get out.
But each PR gets more and more ludicrous.
IMO this is the financing equivalent of the government loan we had "in the bag" but couldnt even come close to qualifying for.
we're not talking about a loan at all.
That depends on the type of restricted stock. It also depends on when they recieved it. They could have recieved it months ago and timed it become unrestricted at the time of the PR.
or OTOW is dumping more common stock into their reease like they have into nearly all of their PR's.
buying volume up + price action down = bigger O/S
lets think about this,
hes trying to cut a deal to get equity based financing - meaning he can SELL new shares to AGS to raise capital.
And now hes buying MORE than the float????
price action trumps volume
If its true,
But he's dumped into nearly every PR hes put out so far, and with the price action yesterday it looks to be more of the same.
And now they have an equity finance deal for 50 Million dollars to be transferred beneath market price.
If its worked the right way, it could be good. If not, worse than bad.
Val didn't get handed 50 million dollars. As far as I can tell, he may have worked out a conditional equity financing deal - which is nowhere near money in the bank. Its not a loan, its a transfer of company ownership.
And seeing as the details were not disclosed, it seems that no one knows what form of equity will be used or how much will be traded. It could be restricted (hopefully) but it could just as easily be unrestricted common stock and turn into one big dump fest.
Shorting didnt get us down here, the atrociously large O/S increases that Val has made have done that without much help from anyone else.
As always, just my opinion.
Exactly,
OTOW dumps shares BELOW the market price to AGS who can then turn around and flip them back into the market for a profit.
In order for this to be even remotely beneficial OTOW would have to be giving away restricted shares, which i saw no mention of in the PR.
IF they can I think those projections are astronomically high. 50 million a year after three years in a market already dominated by giants?
unless they still have the DR option available - which who knows - but even then that still sounds way too high.
Not even seriously entertaining the thought at this point based on all of the bogus PRs that have come down the chute.