waiting game.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm not twisting anything around. If you look at my post from Friday you will see that I commented about the financial data being in the report and that it looked the same as what they reported FY end Dec 2009.
They resubmitted the quarterly report to include that statement .
I don't consider it bashing SKGO to expect them to report their information to the SEC like any legitimate company would.
They changed the quarterly report. They had just thrown in the December 2009 Sanhe "spreadsheet" of financials but now changed it to say
"FINANCIALS
The company hasn't met the submission deadline to incorporate the Company
Financials in this Quarterly Report."
Just look at the bid and that will tell you where they are at with it!
I agree. SKGO is never going to be anything more than a P&D
My weekend has just started but it looks like they just resubmitted the previous financials.
I don't consider any of this legitimate because they aren't filling it with the SEC. This should all be prepared in a 10Q filled by SEC guidelines. If they want to trade on the public exchanges they need to play by the rules.
oh the alert wasn't on hub. He went to another stock website and posted about it.
/bows
I just wanted to say thanks for the best board I have participated in on hub..
I made the decision to sell this afternoon because I am enormously happy with a 500% gain. I realize it might seem moronic to miss out on the forward split but I'm not willing to take the risk that I'll loose these profits on monday if there is a sell off. I wish you all the best, and my exit is in no way reflective of the company, it is just me keeping to my strategy.
GL2 All. This board should be a role model for the rest.
Disclosure: 500% gain on CMSI, alerted by a moderator on wednesday and closed my position with a 5 figure gain.
You have to hold for two weeks from Monday I believe.
I did. that is around the midpoint of the 1st and 2nd technical resistance points. We need to get over this psychological point, which we definitely will today.
lol, I plan on flying to California, going to their office and hugging the first person I see.
LOL, now she has 4. I just gave her one :P
Now you can!
Quarrel resolved, AUTO wins and ask is at .82 =)
They will, some are just going to have to be dragged kicking and screaming
This is so cool, some MMs are attempting to shake and others are ready for it to go higher. AUTO is at .801 on BID and VNDM is at .77 on ask haha.
Amen =)
NITE can't hold bid forever, the MM's keep jumping up the ask @ .75 now
You are waiting in a line of sorts and it depends on where your broke is in line. I haven't figured out which brokers get it over. Usually if ETMM (eTrade MM) is on the ask, I will get shares pretty quick since I have eTrade.
I read the 10K.
Here are some important points your analysis leaves out and interestingly points that CMSI addresses directly.
Although we have not generated any significant revenues for the year to date, we continue to explore opportunities that will result in new products and e-commerce platforms while creating our own online brands for new revenue streams.
We have historically maintained a low-operating-cost philosophy and continue to plan to do so. We employ a small staff, occupy modest office space, and seek to use technology to reduce operating costs generally whenever possible.
800commerce.com projected revenues
800commerce.com will provide package for business starting at $49 per month, which will supply credit card processing, a corporate website, web hosting and emails, and online marketing.
The Company receives revenue for consulting services, video streaming services, equipment sales and leasing, installation, and maintenance agreements.
Mr. Gotshalk and Ms. Adams entered into employment agreements effective January 1, 2009 until December 31, 2011. The terms for each are as follows:
(a)
For the services of the Executive to be rendered under this Agreement, the Company shall pay the Executive an annual salary of 365,000 shares at a base value of $56,000.00 (the Base Salary”). This Base Salary shall be reviewed each year for the first two years to make sure it does not encumber the company providing the company is not generating revenue and profit and if the Board decides that it is too much of a liability, it will adjust the salary accordingly. However, if the Company is profitable, The Base Salary shall be increased each year by an amount equal to the cost of living increase based upon the Consumer Price Index calculated upon the commencement of each year of the Agreement using the prior month as the measuring month published by the Bureau of Labor Statistics (or similar successor index. .
Why would they liquidate their position in their own company? That would open the door to a takeover and be an extremely amateur move.
They also can't just flip the switch and dump millions of their own shares. Reg 13 requires that they cannot dump more than 5% of the AVERAGE trading volume over a period of time. They must also file with the SEC when they do sell those shares. It would be plainly obvious and ruin their reputation.
Where do you pull the .026 cc processing fee DD from?
Why would they blatantly do that when Senergy is watching them? It would be one thing if Senergy never made any statements about this but their website was the first tip-off that the deal was over.
They are being true finance men. They are going to hold through the split so their position is decreased 10:1 and they can minimize losses.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
They may end up with a post-split price of .20+ if they keep this up haha.
Hey, you seem kinda paranoid. What you been doin today? :P
lol I was just wondering where the bashers were, NITE must have called in the third shift ;). one in two days isn't bad.
We are up 100% today; I'm happy with it staying here, getting a boost for power hour and then tomorrow is going to be like Christmas morning.
It's hard to tell. I think it depends on what the MMs are working with. Judging by the gap and big spikes they don't have much!
1.20ish by Friday I'd say. I hope it goes much higher than that!
I'm moving to NYC in two weeks and this just secured me not having to get a job for the first 6 months haha.
The Slackers here haha.
And short position yesterday was 45%, so they aren't increasing their position too much.
Some dilution?
6 million dollars = 60 BILLION shares.
nuff said.
They are going to fully dillute and then we won't hear from ray anymore.
Div: 10-1 STK; Due Bill Redeemable Date: 06/04/2010
Ex-Date: Jun 2, 2010
Record Date: May 14, 2010
Pay Date: Jun 1, 2010
lol please name one thing that has actually happened other than dilution.
It's all promises. ALL.
If you really want to prevent this from happening again, boardmark THRR and be here to tell the tale when this starts up again. I'll be here.
InterNATL-INVESTOR gets credit for me haha. I was about to wrap up the day not seeing anything promising when he posted something about a forward split! I'm in for 40k shares.
I think they are confused. People keep saying dividend and these brokerages reps aren't realizing it's a split. The ex-date normally occurs BEFORE the record date. It's set by exchanges to denote that any shareholder who buys on or AFTER the ex date will not receive a dividend. In this case they have set the ex-date before the PAYMENT date, not the record date.
The KEY difference is that this is a SPLIT. If you didn't receive the "dividend" and weren't part of the split your investment would be worth 10x less instantly.
I admit I was confused at first too but now I see what is going on. Still, don't take my word, call your broker and make a decision.
Did they bother to look at what the dividend was though?
A monetary dividend, no, but this is actually a split.
Clarify that the dividend is a 10 for 1 split.