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Thank you sir. If you feel I've missed out on anything from the last conference call, feel free to edit.
SUMMARY OF 2 CONFERENCE CALLS
I know 4he has been busy and hasn't had a chance to update the sticky on conference calls, so I decided to take the initiative to post the outcomes of the two calls. Text in brackets are my comments about first conference calls and what deliverables have or have not been met.
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DECEMBER CONFERENCE CALL OUTCOMES (as per 4HeAlone along with my comments in brackets)
Posted by: 4HeAlone Date: Wednesday, December 03, 2008 8:23:31 PM
* TV shows are airing with more dates to be released soon (MET - DECEMBER 8 PR for new station and air dates)
* TV shows will air on WeTV and Travel Channel (MET - DECEMBER 10 PR WeTV with specific dates, no specifics on Travel channel except airing atleast 50 times)
* More buybacks before end of year with target of 50% of OS (NOT MET)
* Debt Financing (has a signed contract) (NOT MET)
* Up listing by 1st quarter of 09 or sooner (NOT MET - we're in first quarter now)
* Wants higher PPS when up listing takes place (NOT MET)
* Release of auditors name within the next couple of weeks (NOT MET)
* Company valued at $15 million (NO EVIDENCE PROVIDED YET)
* No reverse split (MET)
* Minimal dilution and only for good reason (OS NOW ~ 9.5 BILLION)
* Strong first quarter and 2009 projections (NOT MET)
* EXPLOSIVE GROWTH IN 2009 (NOT MET)
* More conference calls and investor gatherings (MET)
* Military Contracts (MET - PR Jan 15 on treatment of Military in Feb)
* Qualifing to have SMAS covered by military insurance coverage (NOT MET - JAN 15 PR suggests talks are underway with Tricare)
* World Wide Exposure (NOT MET)
* New locations in the process (NOT MET)
* $12,000 student fees for training with class target of 40 (January Conference Call suggested classes started at 20 students and decreased in number)
* Franchise opportunities are available (NOT MET)
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JANUARY CONFERENCE CALL OUTCOMES
* Indicated that overall they're meeting timelines and promises but not necessarily every single one, better than most pink sheets
* Expects to release financials within a month
* No R/S
* Still planning on share buy backs and may be buying back more than 50%
* Expecting a big bang effect with uplist - increase in share price, buybacks, release of financials etc.
* Working on non-dilutive financing - more than 3 financers and feels extremely positive regarding the process. Talked about this as vehicle of expansion and
buy backs.
* Can not release name of auditor - may impact share price
* On a scale of 1-10 they're about a 7 in terms of audit completion
* Mentioned he's not out there to use us
* Company and shareprice/structure unrecognizable by end of Q1 - 2009
* Current enrollment for classes started at 20 students and decreased. The current class is very small.
Give it a rest already guys.
If you don't like this, sell at 0.0001..i'm sure it'll eventually fill. At that, you lose nothing but trading fees. If you bought at any more than 0.0001, it's really your own fault.
Yes, I agree Steve has mislead shareholders to some extent, but personally, I've decided to wait till the end of the quarter before moving my money elsewhere. It's my personal belief that if he were out there scamming people, the last place he'd be doing business is the government and military, where he's got a lot of exposure. If you think otherwise, then take the trading fee loss and move on.
The anger is justified because of the amounts being diluted, but really ...if it angers you that much, then you need to ask yourself if this is something worth losing sleep over. Perhaps you need to cut back on your investment in this company or get out of it all together.
Uhhh..no! Reverse split is bad. Generally speaking, it's a sign to the world that they can't really earn any money on their own. Most companies that do reverse splits see their big shareholders walk away from the stock...e.g. take a look at chart of JDS Uniphase since 2006.
Why wouldn't he be allowed a buy-back with non-dilutive financing? Additionally, buy backs may be (i'm hoping) from revenues generated through classes, video sales and military.
Having said that, military income probably won't kick in until a few months
During the first CC he mentioned that the company was worth 15 Mil.
Was this evaluation done by the previous auditors that he mentioned he had changed or is it the new ones?
no brainer to buy at 0.0001 and sell for 0.0002
738.6 mil volume....do we have L2 ? Where does the O/S sit?
i've requested 4HE to include the promises in the last CC as well.
He said that he will be putting the two up in one single sticky.
He had NO IDEA???? I don't believe that for a second.
LOL..now that's just adding insult to injury.
Sorry Gucci, didn't mean it in an offensive manner. I admire your enthusiasm and optimism. But really, this is not a game of emotions, it's stocks and numbers tell the story here.
I will sell mine, but not at this time. Something inside says give Steve another chance to keep his word about end of Q1. For me personally, I've setup deadlines. He missed last deliverable when he announced buybacks before end of 2008. Now he's mentioning that we won't be able to recognize this stock after end of Q1. So I'll wait for end of Q1. That's where I draw the line..it's dead money. I'll sell at 0.0001 if I have to at that point and take a hit on the trading fees.
This is nothing more than a disappointment for all shareholders.
Even the most optimistic shareholders are left biting their lips and hanging their heads in disappointment...except may be Gucci who's trying to justify these actions. :)
How much can he dilute?
Is there a limit or can he continue releasing at 0.0001 forever?
Looks like I missed out on further dilution today. It's funny that it comes at a time like this when so much emphasis was placed on Steve earning or regaining shareholder trust.
I had a hunch that he might dilute considering he said the class right now is VERY small and it started with 20 people but numerous ones dropped out.
I just hope it's 5 steps forward and 2 steps back and not 2 steps forward and 5 steps back.
5 billion? He mentioned that? I thought he said the buy back would be more than what was initially announced. Initially he said 50% of what it is now..so I assumed we'd be left with less than 4 billion?
It's a misunderstanding of the conference call as I had. When questions like "what are your concrete deliverables for 2009?" were asked, he forgot to mention the whole buyback and uplist topic and that made some people such as myself uncomfortable. For me personally, I know he probably just missed out on that because he did mention it later...therefore I didn't sell. Some may have just heard his response for that and decided to sell.
I saw a lot of people dropping off the call in the middle after only hearing a portion of the call.
He did mention that buy backs may be more than what was initially announced (50%).
4He, a request please - can we please keep the sticky with the outcome of the last Conference call on there and one for this one too so we can see where this is going?
Great response about R/S. Puts me at a bit more ease. I just hope he keeps his word. :)
The conference is not over. He did talk about them..just not in the 2009 concrete deliverables.
Neither share buybacks, release of financials nor uplist was mentioned in the concrete guarantees for 2009...yet he expects to release financials within a month.
I wish he had mentioned those.
overall meeting time lines?
He missed a big one with 50% share buyback before end of 2008
Thanks Seek Up
You are right, as good as it is, it doesn't tell us anything about how they'll be paid. We know nothing about how much each patient will be charged or what the deal with the military involves in terms of numbers.
And let's face it, the price will move significant amounts when the big players move in like funds and investment firms and they generally stay away from pinks, especially those who have no financial results to show.
why are we still sitting at 0.0002 with volume only around 50 mil with news like that?
you're an OB/ gynecologist, aren't you?
I wish the conference call was a 2 way call. We could all start it with a round of applause for this news. That would put a smile on Steve's face.
and what a good morning it is!
No spelling mistakes or typos of any sort on this one! :D
Now THAT's news! Solid, with precise dates!
Sorry I didn't mean to sound upset or come across as being offensive. I just feel like we've perhaps over expected the deliverables from this company and that's why we're still where we are. I do agree that the expectations were set by the CEO, but it took a whole lot of us to embed them into our brain and people making assumptions and sharing their anticipations/ thoughts publicly.
I wish everyone the best from this company. Just don't want to have all these expectations and then get upset when they're not met. That is all.
There is no contract in hand. They were just signed on as an approved national health care provider...I don't think they would move that fast. Please stop getting people's hopes up.
The best you can expect short term are possible demos to the military and release of financials with uplisting news.
How does one go abouts registering for this call?
http://somatics.org/investors/conference still shows December 2 and still shows "Replay coming soon"
NEWS!!! .
Psych! I'm just kidding...no news yet! But all in all, despite being disappointed by the promises being missed, I think we all take comfort in knowing this thing is holding it's own at .0002 Hope to get some answers in the CC.
I don't blame those that want to sell. Steve at the very least owed us an explanation of why he wasn't able to keep his promises for 2008. There should have been some assurance to keep investors positive, however, no such effort was made.
Some people came out earlier this week and said he's waiting for everyone to be watching this stock so perhaps not the first day or two days..but the truth of the matter is, that's when everyone WAS watching.
Honestly, I don't see the purpose of withholding news if it's that big. I've been holding for a while and really, there's only so much patience an investor can have. It was fun at one point watching people have high expectations and imagining the possibilities, but at one point an investor has to look at reality and one of the toughest things we've had to work with is being mislead by management.
At this point, the only reason I can think of that he's withholding news is to purposely lose investor confidence so they sell and management can purchase shares.
Friday tomorrow. I think we can expect his 2008 promises to be delivered by tomorrow latest. Buy-backs and auditors names...
Hopefully some news today after close.
GTC sell for $1???? Wow...aren't we optimistic?
LMAO at the 1 cent trade.
I don't think they can take any trades back...fat finger or whatever you wanna call it!
I should just put in a GTC sell order of 1 cent in case someone makes a mistake.
reaching 300 mil for volume
yes...steve compared this to vitamin water in the CC as I recall.
I'm sorry but what the hell was that??? Does this stuff not get QAd before release? December 7 , 2009??? Stupid mistakes like these will make us look unprofessional in front of bigger investors. Frustrating!
On top of that, this is not the news that he'd promised us for end of year 2008. Why wait for the bigger news for Friday? Just so everyone's lost interest already? All eyes were on this stock for news and this is what gets released???
Wow...quiet evening! Where is all the excitement? Anyone expecting news in the AM?
I'm not getting my hopes up based on what someone said on this board. Has anyone gotten a hold of the CEO?