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OK Stui I will sell my 10 million I got at 3 for 9. Are u OK with that?
5:30 EST( Washington DC time)
6 hours to prove you right or wrong dude
The speculators don't mean anything to my analysis. It is the insider mentality. If without a serious dump they let this go Pink then I will exit gracefully the market permanently. It would be the first time ( 1000 to one odds) this has happened and would only mean that an underlying scam has taken place where no auditor can do the books.
Here is a scenario: You have an otcbb stock that reports all to the government. You have a company that spent over 300 large for the shell. You have costs of acquisitions. You have legal and accounting expenses. You have other expenses. then you have some profit. The stock does not put the Q out. Why?
We must look at how 692 million shares entered the market.
There were 92 or so million shares OS last month. Then CEO Khoo gets 2 billion after the 1 minute collapse to .001.
How did the 600 million then enter the float?
No 144 anything was filed.
No registration was filed.
Only a debt that converted to free trading paper is the answer. A PIPE is out and anything restricted is out. This is a float trading paper issuance.
So, if a debt is due then something was given to create a debt.
That is not bad. It means that monies given for the shell, etc. is being repaid partially this way.
It means that the CEO and others took the risk, bought the deals with their own money first.
I like that. This was not your money first.
Now we see the Q and analyze what it can say.
If it says they bought the oil terminal for 100 large and the rest in paper. Good deal. If they bought it all cash for 500 large, so so deal. They have to dump more paper to get even.
The same with the stamps.
My opinion is that they paid some money and most in paper
(restricted).
The problem then is how does the auditor determine asset value on the balance sheet.
He can base it on company cost( $ they paid only) or revenue ratio or appraisal or comparable values ,etc.
If they paid 100 large in cash and the rest in paper then the paper value at the day they signed the deal is the only number
( plus the cash) the auditor will use. So if that paper is 500 large on top of 100 large in cash you only get a 600 large asset valuation by the auditor.
The same goes for the stamps.
I know this sounds too much for you guys but don't be surprised to see the Q out today with modest assets on the balance sheet.
The notes at the end of the Q will be most important to read and may give you a clue on how the auditor determined why he put any number in the balance sheet. As the revenues are probably very little, if any, the asset/liability is the key here.
So at 4pm or sooner I am either a BUM or I have to start moderating boards. LOL
Did he really say that?
Food for thought:
What if the Q is out at 1pm or so and nothing happens price wise?
I will gander a guess and say 1pm or so
I bet m 'future' reputation on a pre 5:30pm filing
Today is the most important day in the life of EMLL, even if the stock does not move. The key is material disclosure and not screwing up at the last moment. The fundamentals will take care of itself later.
Everyone here must follow my posts in any stock from now on if I am correct. Or delete anything I ever say again if I am wrong. How is that for a bet?
Vive La Quebecois
I thank EMLL for creating the last minute train jumpers. This shakeout is healthy and allows for an average price holder at cheaper prices.
Labor day counts and no next day. Today is the day and the Q will be on before 5:30pm EST.
This message is for all those who sweated from the beginning. Even if this is a scam the company would never allow the shell to go from otcbb to pink sheets on even 1 billion shares dumped at .0007 average. 700 large minus what it paid for the shell, acquisitions, etc. are peanuts when you then count the net.
Therefore the obvious reason is that the auditor quit or was fired and the new auditor only had about one week to get to the deadline, today. 14 days after the 8K is the deadline and if the Q is not filed by 5:30pm today it is over, no matter what. Being in the Pink is is a major statement by management on many aspects and would take the stock to .0001 at best for an extended time.
Therefor, the Q will come out today and I bet my 20 million shares at .0003 on this. I also bet my 20 years experience watching thousands of stocks and being involved in at least 200 trading situations since 1990. If there was a bet going I would bet my house that the Q will be out in the next several hours. I have never been wrong on these types of bets.
If millions of dollars were dumped then it would not matter if the company is a scam or not. I would, then, NOT bet anything. The key is to follow the money( or in this case the $ dumped). No way is this a scam no matter what is written or what is said. The clear facts are that the insiders made only a modest return. Scams are never modest unless the stock stops trading before the Pump and dump. This was the opposite. It was a dump at cheap prices. Most original buyers are in at .0007 to .0008 or better. Most people here are now in at .0005 average. Do the math on the trading.
You may then ask why the company had the 'canoles' to file the Q at the last moment. That and only that( at some time today) should be asked to Hollister and a demand that this type of crap does not happen again. The annual report is due 30 days after September 30. It probably wont come until December.
One last thing. I bet you( second bet) that you wont find out anything about the dilution in this Q. Even if they put an OS on number beyond the June 30 date. I bet that the date of the OS # will be the moment before the stock went from .25 to .001 bid. The action started on August 10. Again, I have seen this 100 times in 20 years.
Buy more while you can ( few hours left) unless you think we are going pink.
How can a company go bankrupt with no debt? They took out a mortgage on the CEO's house to buy the shell?
Analysis:
If 692 is the number then most of the last weeks volume is people dumping stock at 3 and 4 they bought at 6 to 9. That means the 692 float is in hands with an average of maybe 5 to 6 now.
VRML is BS.
The company changed auditors due to several reasons. That is why the Q is so late.
mikeledak and mulder, you have until 12 noon tomorrow to buy it.
PREDICTION:
You have until 12pm Thursday EST to buy some more.
That is the minute to minute blow by bloe 14 days after the 8K latest minute scenario.
It always goes to the wire.
I bet the boat this one shows up at 11:59 am.
Mark this post
too late mulder, either now or never. I already got my 10 million at 3.tonight.
within hours the Q will be out. That is the bet on everyone holding. otherwise this is a permanent pink. So, we have between 5 and 7pm Washington DC time before all these posts are worthless or the holders win.
To all MM and shorters
You have just a three hours left to either make another 1/100th or the stock doubles on the Q coming out tomorrow.
0.0003 8190000 OTO 11:56:56
Thanks stuij
I will buy you a cigar when I sell it at .0006.
Q) What is 100% profit on 8 million shares from .0003 up?
A) $2,400.
Christmas in September.
let them say the bad thing and dump so I can accumulate . I want 20 million at 3. Tomorrow the stock either gets permanently delisted into the pinks or the Q is filed. So the gamble is really only today. I gamble it gets done by tonight.
Thank you
I am a buyer
You lie. Where is the NYC office?
What is the time status of returning to otcbb? I thought yesterday was the last day. Is it today? Tomorrow? certainly if the Q does not get filed by tomorrow then the bulletin board is lost. That means that at the end of today or the latest Thursday morning the Q must be filed. Call Hollister or eh attorney for this answer now.
IMHO the outstanding shares will not show as of June 30 but as of today. Also the Q will show up this week.Maybe by lunchtime tomorrow.lol
Assume the Q filing is out tomorrow and shows 692 million in float and the deals done. What is anyone here expecting for the price? I dont understand the issue? Are you waiting for a multibillion share float and then a .0001 price or if the 692 is the float then a .001 price? The deals we already know about. The annual report will talk alot about them. Not the Q. So, we already know that 600 million was dumped until beginning of last week. I think either we show another 200 or so million based upon last week or all the volume from last 7 trading days are people who bought in at an average .0007 to .0008 and then dumped at the 6,5,4,3 level.
I think the second possibility is more accurate. Therefore, IMHO the average shareholder of the 692 million share float owns their stock at .0005-.0006 and the stock wont go higher than that unless new news releases are out and another major promotion is started.
Good luck to all.
David Price had enough harrassment. Dont start with the new auditor.
Gold Dust. It is a mistake to ask this room to call the auditor. This auditor is new to the company and replaced another just days ago. He is also an Independent Auditor who is supposed to only review and corroborate accounting standards( not a 10K so no full blown audit). If people in here start to call him he will get scared and confused and think something is wrong. He is not management nor their lawyer no Hollister,
The Q wont answer your question on today's number of OS. There is 692 according to the lawyer as of about one week ago. If you believe that more dumped than the company does not believe that the stock is worth more than .0003. If you think it was a shakeout from the .0007 and .0006 buyers then .0003 is very cheap.
That is why you hire G. Hollister
What revenues are we talking about? I do not see any numbers.
I do not understand this room. The stock was .0003 bid a few days ago and was trading at .0008 today. Where is the scam?
Its been 2 years since you last posted.
With Labor Day and other religious holidays approaching, lets hope the pros on on the ball.