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I guess it's ok if you want to gamble for a day or two. I see it's giving back all of it's gains as usual
More insiders sales. Getting closer to .01. Sort of like printing your own money:
May 23, 2007 Posner, Stephen J
Other Planned Sale -- $25.8K 807,633.00 -- - -- --
May 23, 2007 Green, Russell P
Other Planned Sale -- $13.0K 403,867.00 -- - -- --
A lot more:
Share Information
Authorized 500,000,000
Outstanding 463,573,270
144 Restricted 312,772093
In Float 150,801,187
Updated by CEO on 5/21/07 http://www.stockinformationsystems.com/c/DPBM/investors.html
Look what they did: read the flyer, all the hype and look at the price of the stock (around 3.00). Now look at the price today (1.60). They dumped the stock on retail with lofty promises.
http://www.smallcapfortunes.com/api-nano/api-nano.html
Since there is little regulation on pinks, maybe it's being shorted (naked and/or regular) from Canada or somewhere.
Can you imagine what would happen if some of that restricted stock starts hitting the float. And being pink, I beleive a retail trader has no way of knowing when this stock may become unrestriced.
0.0231 928725 OTO 16:12:24
I put this in other posts but will repeat it: the big problem is that this is the PINK SHEETS, and a lot of people won't touch them because they are, for the for part, UNREGULATED.
Ask any professional investment person his opinion of stocks on the pink sheets and see what he tells you.
Insiders selling:
May 25, 2007 Wang, Yuejian
Other Planned Sale -- $12.0K 500,000.00 -- - -- --
May 20, 2007 China, Direct Investments Inc
Other Planned Sale -- $42.3K 2,016,450.00 -- - -- --
May 15, 2007 Xi, Yewen
Other Planned Sale -- $12.0K 500,000.00 -- - -- --
March 23, 2007 Church, Richard John
Other Planned Sale -- $70.6K 2,016,450.00 -- - -- --
March 20, 2007 Alpha, Capital
Other Planned Sale -- $10.1K 280,000.00 -- - -- --
March 15, 2007 Siegel, Alvin
Other Planned Sale -- $37.0K 1,000,000.00 -- - -- --
March 6, 2007 Genesis, Technology Group Inc
Other Planned Sale -- $70.0K 2,000,000.00 -- - --
Looks like another P&D mailing.
It was about 3.30 when I first got the mailing.
I wasen't trying to bother anybody or cause trouble, but was just trying to figure out what was going on because things were looking pretty good, because of last year's profitable quarters.
I was going to buy some of the stock if they would of showed a profitable last quarter.
Hopefully, things will somehow turn around.
Here's something I've noticed: Wall Street doesn't seem to pay much attention to a small company until they START to generate somewhere around 20M in revenues.
This is how I see it. With pink sheet stocks it's hard to know what the truth is because they don't file and you cannot beleive a lot of thing in the PR's.
If what one poster is posting is true (which may or may not be true), about the treasure, then their could be a run in the stock. When you say a treasure; how much will be the estimated value?
This we do know for sure: the public float has increased by 100M shares which is very bad for shareholders. If you take the daily volume for the past year, you can probably figure that someone has been adding to the float almost every day.
I base my conclusion about DPBM selling based on history, not by asking the CEO, since he reports to no one. They already stated that this is a low float stock at what was 32M (now 150M)
Even today someone sold (down tick) about 1M at the close. All this daily selling of stock is very bad to any shareholder. Could be a RS split in the future.
As far as asking the CEO something, I hold no position in this stock, and follow it for learning and entertainment. I want to follow this, so as to learn about treasure hunting.
I would like them to find a 100M dollar treasure and see how the stock reacts.
I don't need to ask him, I go by the lastest share info as supplied by him.
The thing I've seen over and over is that massive dilution is seldom overcomed. About the only thing that will overcome this is a big treasure which you say is there, and we should know within a few months as to what magnitude.
You say he put together a good plan, then good, there is a chance.
Part of it is Wilf selling shares, part of it is that: the company has little if none credibility, and part of it is because it's pink and pretty much an unregulated stock, and the pink market has a terrible reputation.
IF they bring up the treasure and value can be credibly estimated, the stock will go up. Just wondering if it does go up, how much will Wilf try to sell into a run up.
I agree 100%.
May 14, 2007 Deese, Edward H
Officers Planned Sale -- $11.5K 502,121.00
Looks like I was right ....again
http://www.investorshub.com/boards/read_msg.asp?message_id=20083328
It's his own paid vacation/adventure. Paid for by the pink market.
Running low on cash, just RS and authorize another 500 million.
AH trading, 360,000 @ .023 16:08
Just bringing out facts about the share structure.
I've been following this "company" for about 1 1/2 years and want to see what happens.
Ok, I don't beleive in the treasure until I see it and get a certified estimate of it's value.
Pink sheets has several scammy companies and has no accountability.
There has been quite a bit of news all this year, and the price goes nothing but down because somebody keeps selling into the float.
170,000,000 increase in about a year in the float is a ton of stock and I'll bet it continues daily.
Looks like Wilf is trying to sell his daily supply of stock as usual.
This is the latest:
Share Information
Authorized 500,000,000
Outstanding 463,573,270
144 Restricted 312,772093
In Float 150,801,187
Updated by CEO on 5/21/07 http://www.stockinformationsystems.com/c/DPBM/investors.html
I don't think it matters because almost nobody will beleive a pink company that keeps issuing hundreds of millions of shares, without independent verification.
Usually when a lot of PR's are coming, more shares are being sold into the float.
Most pinks just keep issuing shares and then just dry up and blow away (name change and RS). This company has pretty much followed the first part this to the letter.
I found out about DPBM because of a interview they did on CNBC about 1 1/2 years ago and just following it to see what happens.
There sure are a lot of them:
Authorized Shares: 500,000,000
Source: Company Website ( 07/27/2006 )
Outstanding Shares: 291,237,837
Source: Company Website ( 07/27/2006 )
Looks like the P&D is compplete......for a while.
Just like 98% of the "buy advertisment" I get in the mail, much lower a few months after I get it in the mail.
Their ok for a trade, I guess.
You'd think now that the scam is played out and at an end, the SEC could now look at the begining to the end of this thing, and prosecute the scamsters for fraud.
I was going to buy IF them showed decent profit this quarter. Instead more losses and more shares. I figure fair value is about .02 down from about .025. It was looking good last year with couple of profitable quarters. About 90% of these penny companies are gone within 5 years.
I would caution not buying until profitabiliy has returned and/or revenues start back up. looks like new lows are right around the corner. Remember, they've toxic financed before and will probably do it again.
You bulls are way too bullish and under estimate the negative power of dilution.
How is going to go up when the company is hanging on by a thread. Look at the liquidity. Probably more stock is coming.
Liquidity
As shown in the accompanying financial statements, the Company
incurred a net loss from operations of $312,095 and $357,218 during the three months ended March 31, 2007 and 2006, respectively. The Company's total liabilities exceeded its total assets by $4,269,244 as of March 31, 2007
As a long term investment this company came out in 2003 @ 1.50 and has done nothing but issue shares and the stock price has done nothing but go down and is only a few ticks away from a all time low. There is nothing here, that's why it's close to a all time low. I watch it because it showed a few quarters of profitability last year. Good luck, you will need it.
http://www.investorshub.com/boards/read_msg.asp?message_id=19892194
Isn't this dilution? Revs dropped with a nice little promise that they'll increase. I think it's fully valued @ .02, .025 cents.
According to this, things don't look to good to me. Then again I don't own the stock and see no reason to buy:
Hopefully, speculation will get into the stock and spike up like last year.
Net loss in computing
diluted net income (loss) per share: $ (379,586) $ (581,161)
The weighted average shares outstanding used in the basic net income
per share computations for the three months ended March 31, 2007 and
March 31, 2006 was 114,796,261 and 86,669,385, respectively. In
determining the number of shares used in computing diluted loss per
share for the three months ended March 31, 2007 and 2006, common
stock equivalents derived from shares issuable in conversion of the
Callable Secured Convertible Notes and exercise of warrants are not
considered in the calculation of the weighted average number of
common shares outstanding because they would be anti-dilutive,
thereby decreasing the net loss per share.
Liquidity
As shown in the accompanying financial statements, the Company
incurred a net loss from operations of $312,095 and $357,218 during
the three months ended March 31, 2007 and 2006, respectively. The
Company's total liabilities exceeded its total assets by $4,269,244
as of March 31, 2007.
.....................................................
Revenues
CalbaTech has generated revenues of $311,970 from operations for the
three months ended March 31, 2007, compared to $412,567 for the three
months ended March 31, 2006. This decrease was due to the last
repercussions from the move into the new facility by KD and Molecula,
and any significant downtime from operations that were impaired from
the move has been eliminated. The Company believes that revenues
will increase in the coming year for the following reasons as
Molecula and KD Medical can more efficiently capitalize on their
synergistic operations and increase marketing efforts to take
advantage of common markets between Molecula and KD. Redundancies in
management teams have also been eliminated.
How do short a pink sheet stock unless you're a MM????
Can't do it.
Lost 379,586 this quarter.
Net loss in computing
diluted net income (loss) per share: $ (379,586)
Best hope for the longs: http://ragingbull.quote.com/mboard/boards.cgi?board=MOBL&read=146018
Pretty obvious, toxic financing with Cornell, a lot of negatives here. But there is a chance the stock is oversold. Book value was around .08, but that's will probably drop.
It's a big gamble here, but there is chance something will happen with 15M of debt.
I purchased all mine last Tuesday and will not be adding anymore because I don't want to risk anymore in such a speculative stock.....01 or .10.
I feel sad for all the people that lost money because MOBL was looking so good and disappointed so many and the stock price went so unimaginably low. Maybe it can at least get back to .10.....somehow????.
As the stock price WAS getting so low, I think this is a very very important short term event that has long term consequences.
Does the board think Jay really can do it?:
AMENDMENT NO. 4 TO CONVERTIBLE DEBENTURES
WHEREAS , the Company expects to engage in a transaction within the next few weeks that will generate sufficient cash by July 1, 2007 to pay the principal and interest owed to Cornell Capital under the Convertible Debentures and the convertible debenture dated June 30, 2006 issued by the Company to Cornell Capital in the principal amount of $15,149,650, as amended; and