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Good job Sid. Today may be your last chance to buy 50 million shares for 2 1/2 cents or less.
No news PR, 25 mil shares traded, and no gain in PPS. The moon must be in an eclipse.
They took the share for less than .023 and sold for probably .026 average.
The MM's are dumping those pre-market transfers from the last couple of days---dilution.
It was my understanding from previous PR's that deal would not be completed until audit was completed.
I don't find anything wrong with that. The company is obliged to notify investors of significant events. It would be nice if they would answer other questions that have been hanging for months. Tom's only claim to business fame IS deal making--not company management.
I agree 100%. What we are seeing now is market indifference and the inability to progress with a bloated O/S.
If you consider it was all in their previous PR's it was more than rumour.
Hard to know if it's underpriced or not. More dilution possible at any time. The value to shareholders keeps changing. Nice deal for Tom, though.
What part of the PR were you not already aware of for months? That means the PR went after new money in the market, but only found indifference.
No news, just more hype. Typical penny stock. Tom has gone mute on the real issues.
Why would this rise greatly today? The news wasn't news--we all knew what was in the PR for months. How about a PR on strategic questions, such as dilution and Cornell--those are the things we don't know about.
I don't think yours have been much better.
Your opinion is incorrest--it was a transfer. Call your broker if you don't believe it.
Sitting on 7 mil at .02 you WILL see a run up today. They will turn their piece of paradise for at least .026
That's how they get paid. They accept the stock at a discount.
It's a transfer.
Tom's solution is dilution--7mil. goes to a market maker @ .02
On penny stocks generally the SEC will.
Same people still grinding the same issues. Tom is mute and equity continues to drop while Tom and whoever held debt gains. Oughta be a law.
I can see you.
And true to the spirit of capitalism he has gathered from the many.
You all heart Jim.
Goin' to da 2 1/2 cent moon.
Unless you bought below.02 qnd sold at HOD you ain't rich yet.
Get ready for .023
Me too
Sure. They have some profits and the sale of whatever they sold that generated the dough for the downpayment will have tax implications as well.
Sounds like someone is a little grumpy from watching their equity evaporate.
I see the value as being more of a problem. This entire public company was reverse designed. He bought the stores before he bought the shell. He made the deal for hackett's before the shell. And for the life of me I don't know why he chose this shell, except for his former association with it. Maybe it comes with a huge loss carry forward for tax purposes. Sure came with a lot of baggage.
True that.
There is nothing to sell. They only own part of the inventory and the fixtures. They rent the building.
That will pay the DOWNPAYMENT on the Hackett merger.
I've owned it 3 times myself, but am having a little trouble deciding on a re-entry point. Hard to jump in when it goes down every day. I'm afraid I'll leave too much on the table.
A barrage is right. They haven't put out a PR of substance since 9-18. Plenty of info backed up.
No , the perfect part is that it would be a no brainer---more suitable to the market target.
As a wise man once said," Hope is not a plan".
Perfect
Really? How much does it have to lose for you to call it a bad day?
How many shares short do you thi nk there are? From the volume/reaction I've seen here it would take 20 or 30 million to move it down like this. The most short repoted I've seen on this has only been in the 100's of thousands.