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Lol. 68 dollars on the tape. Close as I will ever get to rich
managed to dig this one out
http://www.sunbiz.org/pdf/00254514.pdf
it just confirms that the new share structure is A/S of 200,000,000
this was filed on the 24th Nov 2010. I think if the intention was to dilute the hell out of the stock, this number would be in the billions.
Certainly a possibility, and the new direction certainly looks expressive. But be careful
This can play out in many different ways. Firstly nytex could be an independent undertaking, as such
The terms on which uama is involved could be as a shell.
Take this as a possibility
Sell 250,000,000 shares into the open Market
Gift another 250,000,000 to the directors for services
Announce the new company
Reverse split with a spin of new company new share structure
1 : 1000
My 100000 share become 100 with a similar price per share
Ie whiped out
Or
Uama people and enterprise is been pushed by directors
With pride and honesty. In which case my 100000 could be worth
A million.
I watched the YouTube video. So I think I get the basic idea.
The video was added in April 2009 . What is up here?
Is nytex an established company getting a listing by merging into uama
I see the uama/tlph people in the directors list.
100k shares held from pre tlph time.
Thx for updating the ibox and taking on the mod
Nice to see some movement, but I confess I'm finding it hard to get my head around the new business model.
It looks like they have started up again, so hopefully we should get some info soon on financials.
Good luck all. Hope it all works out.
Looking at the last 10K Debt was about 1.75 Mil so this should bring debt down to about 800k. If they can clear that down over the next few quarters and continue to grow above 50% in the next year we should be in good shape.
Well it is VERY quiet and the 10Q is well overdue. (nothing since May). So to be honest not really much going for it at the moment. I personally just keep this on the back burner. as I feel it may one day make something of it's self or at least update us a bit more on what it currently has running. As the share count is low it is also a prime candidate for a reverse takeover. Teliphone still owes it some cash and if the other operations are still running it should be making a little profit. (Or at least not loosing any). If you see the volume pickup and the price go down I would sell immediately as that would be a sure sign of liquidation of the shares to keep the company financed. A piece of advice I wished I'd taken in the past.
I got this response from ETRADE
Dear Mr. xxxxxx:
Thank you for your message regarding the nn,nnn restricted stock shares in your IBM Stock Plans account. These shares show no value and are not sellable because they have not been properly registered with the SEC; most likely, because they were acquired prior to Teliphone Corporation being a public company. If your colleagues were able to sell their shares, they would have had to go through the process to remove the restricted legend on the shares they had in their accounts.
The process to remove the restricted legend involves E*TRADE performing research to find an exemption from the registration requirements of the SEC. This is typically done through Rule 144; the cost to initiate the research is $150 USD. These funds must be available in your account and you will need to agree to being charged the fee before we can initiate the research process. You can confirm your agreement to being charged the fee over a recorded phone line, by calling Customer Service or by sending your confirmation in writing by fax to the following fax number: 1.678.624.6950, Attn: Stock Transfer. After you have agreed to the charge, the fee will be debited from your account and then the necessary paperwork will be sent to your address on file. You can read more about restricted stock and how you can request the removal of the restriction on our website at:
https://us.etrade.com/e/t/estation/help?id=1901010100
Is this right???? I have to pay to maybe get the shares.....
I has raised the issue with the broker (ETRADE) and am awaiting reply. Out of interest how long have your shares been UN-Restricted.
Have any of you guys that got your shares from the spin-off. Actually got real shares in your accounts, or are they still showing as restricted ? .... Any idea of when they become tradeable.
MONTREAL, July 24 /PRNewswire-FirstCall/ - TeliPhone Corp. (NASD : TLPH). TeliPhone Corp. reports its second quarter results, with sales increasing by 81% to $291,895 for the second quarter of 2008 compared with $161,281 for the same period last year. The increase in sales contributed to a gross profit of $113,674, an increase of 206% over last year. Earnings before Interest, Taxes, Depreciation and Amortization were $14,378 compared with ($63,121) for the same period last year.
The increase in gross profit is primarily due to the company's effectiveness at reducing its costs as the volume of call traffic increases over its telecommunications network. The increasing call traffic is a result of an increase in the number of small and medium sized businesses now benefiting from TeliPhone's services.
"The positive results demonstrate our team's ability to leverage our network and technology to deliver value-added services to our clients at higher gross margins", adds TeliPhone's President & CEO George Metrakos. "Our customers continue to show their confidence in TeliPhone's ability to provide them with excellent call quality while ensuring maximum up-time even during loss of power or internet access".
I personally doubt that, there would have been many more ways of acheiving this without decimating the share price. When the sale of the 174 fell through i think the company was placed in a bit of a bind. The dividend went through and then had to be recalled. I suspect that burnt any cash reserves the comapny had to get that mess sorted out.
In any case it looks going forward we should be in for some better times.... we can hope.
All too often ... lol
In the end they have assets and a good business. They will carry on. At some point in the future there will be a PR blitz and this dog will have it's day.
Hold on for the longer term and at some point life will return. But that may be a long time away
My take
One of the main reasons we went into pinky land in the first place was that DMGS did not have the capital to keep up with the filings (they can be a drain). So the fact they are doing this now suggests they do finally have some serious capital available. The dilution will not be enough to cover this as effectively very little was raised. (It will cost more than a few thousand dollars).
Reading between the lines (probably wrong but here goes)
The dilution was to put the currnt assest on a firm financial footing so they could be used as collateral (paying taxes etc)
A deal has been made based on this collateral which has given DMGS the kind of funds it requires to operate on a much firmer footing. ($60 million deal ... or whatever)
As some of this must already be in place... This press release will be the first of a few in the comming weeks, as we are brought upto date with what is going on.
NOW PURE SPECULATION
If the dilution was in fact given as restricted shares (which where dumped by whoever were sold them) may be brought back by the company. effectively leaving the dumper 400 Million shares short..... I CAN DREAM.
Could this be the company buying back with a very small part of the $60 million... (if it exists) into a short.
This is really quite strange.....
70Million buys
505k sells
bid / ask not shifted at all
all but 100% buys. If it was dilution i would not expect 70 million buying into it.
If it was a short then let it run and wait till profit taking to drive it down
Just noticed that the teliphone shares have started to trade.
Currently at $0.19. Very low volume
Float = The number of shares not owned by insiders or institutions. Ie are available to be traded on a daily basis.
OS (Shares outstanding) is the total number of leagal shares out there (including the float).
Authorised = the number of shares the company can sell into the market without going back to the shareholders for permission. (normally set to some arbitory number like 1 billion)
The float can incease dramatically if an insider or institution dumps , (or decrease if they buy)
The dramatic price swings will be people trading the float (including selling into it).
I doubt the float here is 4m . i suspect more like 200M - whatever Leo&Co own (10m-20m ish as a guess)
Well, before the big drop from 0.20, we valued this at $1-$2 based on the Granite mine and the building Plots.
I doubt it will reach that anytime soon and I also doubt we know the real reason for the drop. Who would make a company with positive earnings and over $100 million in assets trade down to $20000 - $30000 market cap......
Either someone has shorted the wrong stock or had to dump a shed load of shares (margin call ?) either way .... we are where we are.
high volume for this one and up as well....
a lot of those statements in the 10k are default accounting stuff. ie we may not have enough funds to continue as a going concern etc etc. they did not file the 10k for whatever reason.... the reasons in the 10k are just accounting blurb
That should be impossible.....
There are minimum blocks that MUST be traded. not sure what but i suspect 500....
I think he was a lawyer. Probably thinks of it as practice.
The 8k says George Metrakos has left UAMA. I guess this is because he is concentrating on Teliphone now. (No similar announcement has been made there). This is probably a good move for both companies.
Not sure if the missunderstanding on that was the reason for the drop, i suspect it was just more random moves. ie $100 share sale can drop the market cap 33%
Thanks for the offer, but I'm probably not able to devote the time. If I can get proper addresses i will try to post links etc which you can pop on the IBOX.
I also often find a lot of info via Google (You would be surprised with some of the information hidden out there) as i find i will post.
Yes for those and a list of the others we already hold.
I would like that all held on the Web-Site with digital pictures (you know the stuff smiling managers with team posing by the property etc. A view of the inside of the restaraunt) . but google earth links on IBOX would be cool.
I have been trying to google earth this latest one but cannot find it. (anyone have a zip code)
ok
So a purchase followed by conformation
Then a second purchase (yet to be confirmed)
There cannot be ANY doubt that the credit line is in place and working
They are doing EXACTLY what they said they would do.
This is excellent news. lets hope it's reflected in the SP.
I would like them to keep the Web-Site updated showing ALL the stations they own and some pictures + update the map with the newest locations. (Financials would be good too)
Overall VERY VERY impressed
I think this is buying customers.... But not 100% sure
On February 12, 2008, Teliphone Corp. entered into a Letter of Intent to acquire certain assets and liabilities from 9151-4877 Quebec Inc. (the “Letter of Intent”). The details and terms and conditions of the acquisition are disclosed in the Letter of Intent attached as Exhibit 10.1 hereto.
If you want the job, it's ok by me.
I suggest if you don't have any objections by the end of the week, u take it.
Excellent update but i would like to know where it came from. It's possible some of our Email addresses are not known by the company as we purchase shares via ETRADE etc. If so signing up to Email updates from the new Web-Site would be good.
at the currect PPS the entire company is valued at under $500,000. although I don';t know if there was any shares issued around the purchase of Airbourne security or if that was done via Financing / Cash.
I think when they release the financials things could get interesting. I'm personally looking for the PPS to be in the $ range not pennies.
Also if they have cash, a share repurchase program would certainly help the PPS rise quite dramatically. a few thousand shares could put this back over $.20 in no time. Sitting on the BID with a few thousand more would stop the MM's manipulating it back down. The cost to the company would be fairly trivial.
It's not so much a PR, just update the Website , show some digital photos etc..
well 20k filled at .04. Will put a smaller amount in at .02.
We could do with an update on the last proberty. IE Zeon moved in pictures on the Web-site etc. Pictures of the Zeon logos plasterd around the site
Well, ETRADE finally sorted the account so i'm at the bid on 0.04 for 20k. if that goes though my next point will be lower again.
I doubt i will get many but worth a try.
Web for airborne is up
http://www.airbornesecuritycorp.net
price still goes up.
To be honest i think thats what most people think will happen, housing market is not really the best place to be in the US.....
Some is to pay off debt and some profit.
the divy should be ok unless it drops below $6 mill (guess)
yep. Good luck with the .05 bid.
I am waiting for etrade to sort my account after stealing $1200 from me. once i get that back i may well join you.
to further my point
DMGS .. another holding down 18.75% on 3000 shares which equates to about $180
so a company with a market cap of about a million can loose $200,000 market cap on a $180 trade
it happens here on BLSH numerous times.
I realise the volume was small, in fact thats kind of my point. For the stock to rise and continue on an upward slope you need a higher volume of trading... even when no PR's are out. otherwise you drip down on very low volume (because the mm's can do it) and spike 80%-100% on news. only to drop again over the next few days.
You could never buy significant shares at these levels as the MM's would give minimum allocations before upping the price a bit. (500 - 1000 shares). However for small time buyers like me, it's a good way to get into these stocks cheaply.
i currently hold 12000
Nice price raise and nice volume. But i don't think i would buy here. Once the news is past, the volume will dry up and the MM's will step it back down again.
look at where the absolute bottom support is. I'm guessing 4-5 cents but could be wrong.
You will never pickup massive volumes here but a few thousand shares a time should be possible.