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The notion that what someone says on a stock message board does not effect share price is ludicrous. I have personally seen the stock react to a posters message on many occasions.
On the otcbb exchange certain posters messages do effect the share price. On the NYSE they dont. And if a poster is constantly wrong they should be called out for it.
Personally I would like to see them use the preferred shares for an acquisition. Such as the remaining 49% of Sino.
Ask now at .10 and bid now at .03 still only 5000 shares traded.
Quick, someone sell all of your shares at .03 so we can have a market cap of $800,000. The value of SEIH's FSIN holdings alone are worth $700,000 lol. That is how ridiculously undervlaued this thing is. Unfortunately that is exactly what the Bickels wanted. imo
Bid .05 Ask .25
bg imho I wouldn't get too excited over impending news. I wouldnt expect any positive PR's until we are off of the pinks and who knows when that will be. Certainly not I.
Yes I agree completely. They have to show me rather than tell me. GLTY
Why? They already have over $4 million in revenues. A $20 million market cap would give them a price to sales ratio of only 5. The stock is signficantly undervalued (by design imo) and you guys have been lulled to sleep. Add in a few redwood capital clients and a move off the pinks with Abaxis approval and you have a $20 million market cap.
I dont see that scenario playing out. IMO They will not be dumping shares. They will try to maximize their holdings by maximizing the share price. The company had $4 million in revenues last year and a $20 million market cap is not out of the question at some point. Why dump with the market cap at $1.4 million which is ridiculously low. Mr. Bickel would only make $270,000 which is peanuts to him. And his son would only make $80,000. It would hardly make sense for them to dump now so they wont. They will hold out for the real money which will come by growing the company.
CR 24 is the periodic symbol for Chromium.
I dont either, and my synopsis could be totally wrong anyway. Good luck.
But now that they have gotten the maximum number of common shares it is in their interest to see the share price rise. Mr. Bickel has 6 million reasons to want the share price to rise whereas before it was in his best interest to see the share price fall so he could convert a higher number of common shares.
BTW, it doesnt mean I like what they did and it does not mean I am excusing it. I dont like what they did.
Snow, the lower the pre-conversion share price, the more common shares Mr. Bickel could justify converting from the preferreds and still have it meet the criteria of a fair compensation package.
Snow your missing the entire point. It was in the Bickels self interest to see the lowest share price possible prior to the conversion of preferred to common stock.
Why?
Because assuming $270,000 is a fair compensation package for a CEO. Mr. Bickel with a SEIH pre-split share price of .0003 could convert his 6,000,000 preferred to 6,000,000 shares of common stock to arrive at $270,000 in stock compensation.
Whereas if the pre-split SEIH share price had risen to .01 then Mr. Bickel would only have been allowed to convert the 6,000,000 preferred shares to 210,000 shares of common stock to arrive at the $270,000 compensation package.
Obviously Mr. Bickel would rather have 6,000,000 shares of common stock rather than 210,000 shares of common stock. He can always make the share price run later and now he has his 6,000,000 shares rather than a lower number of shares in this example 210,000.
So anything that brought the share price down prior to the conversion was advantageous to the Bickels including going on the pinks because it would enable them to pick up more common shares then would have otherwise been possible. imho
I honestly dont know the answer to your question scoob. But I do know this:
Prior to the conversion it was definitely in the Bickels best self interest to see the SEIH share price as low as possible.
Now that they have converted their shares it is definitely in the Bickels best self interest to see the SEIH share price run as high as possible.
They would have only been harming thesmelves if they would have allowed the share price to run prior to the conversion because they wouldnt have been able to pick up as much common stock in exchange for their preferreds.
To take it a step further. Up until now it was probably in the Bickels best "self interest" to keep the share price low. With a lower share price they could justify converting the preferred shares to common shares at a higher ratio. Meaning the lower the share price the more common shares they could justify converting from the preferreds. In this case a 1:1 ratio.
For example, Jim Bickel had 6 million preferred shares at a pre-split price of .0003. He converted the preferred shares to the common shares using a 1:1 ratio so he now has 6 million common shares at a post split price of .045 (.0003 SEIH share price pre-split x 150) when the market opens on Monday. So his 6 million shares of common stock are worth $270,000 when the market opens on Monday. Mr. Bickel could reasonably argue that his services as CEO were worth $270,000 over the last few years and that this is not out of line with a normal CEO incentive package.
However, what would have happened if Mr. Bickel would have allowed the SEIH share price to run to .01 presplit. If he attempted to convert his 6 million preferred on a 1:1 ratio he would have had 6 million shares of common stock at a post split price of $1.50 per share (.01 SEIH share price pre-split x 150). So his 6 million shares would have been worth $9 million dollars when the market opened on Monday. Obviously this would have been completely out of line with a normal CEO incentive package for a company this size. So he wouldnt have been allowed to convert his 6 million preferreds to 6 million commons because his incentive package would have been totally out of line.
Instead to arrive at a fair compensation ($270,000) with a SEIH presplit share price of .01, he would have had to convert the preferreds to common at a about 30:1 ratio meaning his 6 million preferreds would be converted to only 210,000 common shares and the 210,000 shares at a $1.50 would give him the $270,000.
So in sum, if the Bickels had allowed the share price to run up prior to this conversion they would have only been hurting themselves. Because in the above scenario Mr. Bickel would have only to be able to justify converting his 6 million preferred shares into 210,000 shares of common stock if he would have allowed the share price to run to .01 pre-split.
So by converting at a much lower share price pre-split .0003, he can now justify converting his 6 million preferred shares into 6 million common shares to get to the fair compensation total of $270,000.
So lets see. What would mr. Bickel rather have? 6 million shares of common stock or 210,000 shares of common stock? Obviously he would rather have 6 million shares and that is precisely why it was in his best interest to keep the SEIH share price as low as possible prior to this conversion. But now that he has converted his shares it will now be in his best interest to see the share price rise and that is what I would expect to happen.
Did you ever wonder why every time SEIH would gather monmentum and the share price wouls start to climb, the Bickels would always do something or release something that would prevent the share price from climbing further and would make it fall???
Well now you know why they did imho. Because it was in their best interest at the time to see a lower share price. Why? Because when it was time to convert their preferred to commons they could justify doing so at a more advantageous ratio where they could pick up significantly more common shares then if they had allowed the share price to run.
All IMHO
holter imo I dont see that happening. Now that the Bickels own a substantial amount of common shares it is in their best interest to get the share price up. So that is what I expect to happen. S3 now has significant insider ownership. I suppose this was going to happen all along. At some point they were going to own a substantial amount of common shares. Now they do. Those that complained that SEIH did not have significant insider ownership were right. There was no incentive to get the share price up. But now that argument is null and void. S3 does have significant insider ownership and imho the Bickels will now have a major incentive to get the share price up. The incentive is their own pocketbook.
Having said all of that it was highway robbery what these guys did today.
BG, when MC&F is the MM that has the sole responsibility to make a market in SEIH for 30 days wouldnt it be in their best interest to have the share price at the lowest point possible at the beginning of that 30 days (when SEIH gets relisted.)
MC&F will be responsible for providing the trading capital. So MC&F will be able to acquire shares on the cheap as the MM and then once they have their fill we will hopefully see a series of press releases which will be positive and will move the price upward and onward.
So by doing the reverse split now, the Bickels win because they now have 40% of the common stock and MC&F wins because they will be able to acquire SEIH shares on the cheap as its sole market maker. (And the shareholders that are left will eventually win as both of these entities will hold a significant percentage of SEIH and it will be in their best interest to push the share price as much as possible).
ALL IMHO and probably wrong lol.
I dont know. Maybe S3 will have a shareholder meeting and fill us in. They would probably need armed bodyguards though.
I guess our symbol will be changing from SEIH to SIVC:
Other-OTC System Changes - 02/09/2007
OTCBB Daily List
Other-OTC / Portal / PPS Daily List
SECURITY ADDITIONS
Updated Symbol Company Name Effective Date/Comments
13:55 ADVZF Advance Sct Ltd Ordinary Shares (Singapore) 02/12/2007
13:55 AKRUF Akruti Nirman Ltd Shares Dematerialised (India) 02/12/2007
13:55 CFLV Cheflive Inc. Common Stock 02/12/2007
13:55 CPMEF Computime Group Limited Ordinary Shares (Cayman Islands) 02/12/2007
13:55 DJAIF Dow Jones Stoxx Share Holdings (German) 02/12/2007
13:55 GGTPF Global Green Tech Group Ltd Wts For Shares (Cayman Islands) 02/12/2007
13:55 GGTUF Global Green Tech Group Ltd Warrants for Shares (Cayman Islands) 02/12/2007
13:55 GLLOF Galileo Japan Trust Units (Australia) 02/12/2007
13:55 JERNF Jer Envirotech Intl Corp Common Shares (Canada) 02/12/2007
13:55 MISQF Midsouth Holdings Ltd Ordinary Shares (Singapore) 02/12/2007
13:55 PPIRF Prospect Epicure J-Reit Value Fund PLC Ordinary Shares (United Kingdom) 02/12/2007
13:55 PRQIF Parquesol Inmobiliaria Y Proyectos Sa Ordinary Shares (Spain) 02/12/2007
13:55 TAZTF TV Azteca Sa De CV Shares -A-(Mexico) 02/12/2007
SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
13:55 ACIA Aprecia, Inc. Common Stock 02/12/2007 Added to OTCBB (ACIA)**
13:55 FCBM First Citizens Bank (Presque Isle, ME) Common Stock 02/12/2007 Cash Merger ($43.75/sh)
13:55 MEIMF Meinl European Land Limited Rts for Namen -Akt (United Kingdom) 02/12/2007 Expired Security
NAME/SYMBOL CHANGES
Updated Date Old Symbol Old Name New Symbol New Name Comment
13:55 02/12/2007 CMBV Cambodian Ventures Ltd Common Stock CVNU Cambodian Ventures Ltd New Common Stock 1-5000 R/S
13:55 02/12/2007 FCYI Falcon Energy Inc. Common Stock RTRK Red Truck Entertainment Inc. Common Stock 1-100 R/S **
13:55 02/12/2007 PYNT Polythene Metro, Inc. Common Stock GRPS Gold River Productions, Inc. Common Stock **
13:55 02/12/2007 SEIH S3 Investment Company, Inc. Common Stock SIVC S3 Investment Company, Inc. New Common Stock 1-150 R/S **
Reverse split, dilution, and more than likely a crappy 10Q. Next week should really be a blast.
Its 8:30 AM and they usually dont answer the phones until 9.
I feel the same way. I was ok with a reverse split and said so publically on many occasions. I am NOT ok with the additional dilution that has been piled on.
Snow I talked to him this week. So it is possible.
Snow I think we have. There is not any other way to interpret it imho. I might try to contact the company.
So are you saying the Bickels were kind to us? They could have diluted us even more? Who owns the preferreds? The Bickels? Well at least we will now have high insider ownership if that is the case. That is the only good thing you can say about this. If my interpretaion is correct. This sucks.
It is down by 40% and then some.
So we just got reversed split with immediate dilution.
That is how I read it. That shouldn't even be legal.
My bid and ask show .0005 and .0006.
I found a company through a google search that was delisted to the pinks and they were reinstated to the otcbb about 4 days after their next quarterly report. So it was about a 2 and a half month time span. Maybe the otcbb will wait to see SEIH's next filing of the 10Q to make sure it is timely and accurate and then will reinstate them. That is what I am hoping anyway.
BG I am just kidding. I have been wrong on this stock repeatedly. GLTY
I disagree with you on Abaxis and disagree with you on Redwood. And since your prognostications have been correct about 0% of the time I feel highly confident in my opinions lol.
Having said that, if I were in this stock for 2 years then I would be furious so I dont blame people for venting.
I am no expert on SFDA approval. So my thoughts are that we are dealing with a centralized govt in China that takes its sweet time, much like the otcbb lol. But Abaxis themselves are waiting just like we are so I dont see anything negative on the horizon. Its just a lengthy process to get diagnostic test kits into China and Abaxis has introduced new products since 1999.
My theme basically is this, patience. We have to be paient to get off the pinks. We have to be patient waiting for Abaxis approval. We have to be patient waiting for a Redwood deal or two to be signed. I dont see anything sinister behind any of this. It just takes time and we are all growing impatient.
All imho.
Maybe oilphant will make us eat crow pie afterall. I hope so. Thanks for the post lbm.
OK I will refrain.
Of course he didnt get an answer. That was by design. Now did you do as nyminute said and read through his other 150 posts? Try it sometime and learn how accurate he was. GLTY And be sure and say hello to the new CEO/
Maybe it is better that Andrew is kept in the dark. No offense to him but I would rather get hard news from the company rather than opinion from a PR guy. MC&F is in control of the news flow and that "might" be a good thing.
He put it in his profile for about a week and then erased it.