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I read that, its nothing new in there.
unlegal trade-backeting!!!
Thanks Ace, would only watch for a while.
This is disgusting, next reverse split? Or it is a good time to accumulate?
For annual statements due date March 31, should get any info soon.
we supposed to get reverse split or something, very quiet, still watching!!!
http://ih.advfn.com/p.php?pid=squote&symbol=WLSI
market cap: $399,085
o/s: 332,771,091
float: 143,253,347
seems to me the company does buy back? 57% being bought???????
For sure something has to start!!
Trying to figure this out myself, I've never seen this before in Finacial Statements. May be you can help me out with it?
My thoughts for considerations:
1. Why the company became so transparent; on scottrade o/s 332,6 million shares. If I wanted to delute more I would keep my mouth shut and brag about anticipating revenues and positive net profit to entice more investors.
2. Recent Q report states that it has cash for operation only for April? If so, the company half dead and a vigilant investor would think twice before getting onto this wagon.
3. What about 50,000 prefered shares that insiders will convert in the future.(salary matter) Do you think they stupid not converting lets say in December. They would have gotten much more money back in December than now. Why didn't they convert before but still waiting- for miracle??????? more delution because the company does not have money to operate in May.
4. On the other hand, we know that the other income in last Q was 20 million, even if it is from derivatives it still considers as the company's net income.
5 Moreover, we patiently waiting for next trial resullt which I think would be positive.
All is my opinion: my stake 590,000 shares with average 0,003. Goog luck to all. And please do not invest based on my opinion, I'm not an advisor , I'm a speculator.
I had 5 million before reverse split, but I averaged it down. May be I'm wrong, just taking chances. Good luck!!!
Other Income and Expense: Total other income of $20,458,906 in the quarter ended January 31, 2010 represent an increase in other income of $22,312,657 from the expense of $1,853,753 in 2009 as a result of a greater income from derivative instrument expense for the period related to a decrease in derivative instrument liabilities caused by a change in our stock prices.
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Net Income: Net income of $20,073,159 for the quarter ended January 31, 2010 was $22,535,047 greater than the net loss of $2,461,888 for the same period in 2009 due to the greater amount of derivative instrument income.
This stock behaves the same as WLSI, all the same spikes and the same O/S.
Down like hell, still optimist with my 550,000 shares. Average $ 0.0033
how many o/s they have, seems to me more than 200 million if they trade over 30 million everyday.
Bid $0.01 Ask $1.2, very interesting!!!!
whats going on? why so much interest on this?
Trully I wish he could make it.
Me too, in the same shoes, to get my initial investment I need $10 a share. But don't hold my breath on it.
It seems to me you know something ahead of others. Would appreciate if you answer on my questions. We had 113,000 shares O/S after R/S and now we have 118 million shares. Still can not figure it out how come? And if I understood corectly Versalin will sell some shares of PCSO, but noone is willing to buy, how the company can make it?
WILMINGTON, DE--(Marketwire - 02/12/10) - Protective Capital Structures Corp. (Pinksheets:PCSO - News) announced it has named Randall G. Burton Chairman and President effective immediately. Burton has been tasked to focus on specific issues that are facing the company as he endeavors to rehabilitate its corporate image and provide clarity around the current portfolio of loans, the Series A and B Preferred Shares and the 21 outstanding Funding Commitments with non-affiliates that were issued in 2004 - 2005.
Speaking about this assignment, Burton commented, "I am pleased to have the opportunity to lead and reorganize Protective. One of my first endeavors is to improve communication and transparency while I evaluate the opportunities presently available to Protective. In conjunction with a new management team, I look forward to unlocking the unrealized gain on the PCSO shares in order to increase the value to shareholders."
Burton served as President of RELM Holdings Inc. since September 2008. He led the expansion of RELM into the technology services business. That expansion was initiated by using the PCSO stock as collateral by Wilmington Trust to facilitate the acquisition of Versalign by Access Versalign, a subsidiary of RELM. As of February 20, 2010, that collateral can be converted into cash under SEC Rule 144. Once liquidated, it is expected to provide working capital for Access Versalign, Inc.
Shareholders who are interested in receiving updates on PCSO via email may submit a request at manager@protectivecapitalstructurescorp.com.
Hey Tom, are you still holding PCSO? Just wondering how many people stubborn as I am.
When did you get it, I haven't received any yet.???
O man, you mean 30K, is it the same 3 as billion before r/s?
Thanks Marine1
Something must happend this month or next, I'm soooo patient, holding my position since May 2008. May be I stubborn, but I have a good feeling about this company. Good luck to all!!!
Thanks Howard!!! Keep us posted
I would add in two weeks, but I'm not selling!!!
HOLLAND, Ohio--(BUSINESS WIRE)--Wellstar International Inc. (OTCBB:WLSI - News) has announced the manuscript of the successful results from the completed study at Duke University has been submitted for publishing to the ADVANCES IN SKIN AND WOUND CARE PUBLICATION JOURNAL on Monday, January 18, 2010. Trillennium Medical Imaging (TMI), a wholly owned subsidiary of Wellstar International Inc., is satisfied with the results of this study, of which the details will be released upon publication, which unfortunately due to protocol will not be for several months. After their acceptance of the manuscript we will comment further.
The study was designed to determine that long-wave infrared imaging can be used to identify skin temperature changes associated with underlying tissue changes. We wanted to determine if the use of Long Wave infrared imaging will be more effective than the Braden Score in predicting nosocomial pressure ulcers. The Braden Scale is the current Gold Standard used within the industry for determining the possibility of an existing pressure ulcer, and our goal is to replace the Braden Scale with the TMI System as the Gold Standard within the industry.
With the results being submitted for publication of the study, our next stage in development will focus on running Beta Tests within the marketplace subject to obtaining the needed capital. We cannot provide any guarantee that we will be able to successfully raise capital, or if we do raise capital, that it will be on acceptable terms. These two Beta Tests will run simultaneously and allow for Wellstar to work out the installation and execution process of our system. It is anticipated that the Beta Test will be for a period of between 90 and 120 days after commencement.
Friday, Up or Down?
Someone was able to sell at .0003!! Soon it will explode, mark my word.
I might be wrong, but I have a feeling that MM's drew the stock down to buy as much as possible. The next spike gonna be tremendous. Just speculating.
The company is also seeking guidance of recapitalizing, a reverse stock split and redomicile to another jurisdiction in order to regroup and resume operations without let or hindrance. It seems to me OTCBB??!!
Happy New Year to everyone!!!
Net Income Q4 shows up $6,526,000 profit http://finance.yahoo.com/q/cf?s=WLSI.OB
someone bought at $1.25, I just wondering who it would be?
possibly
so quiet these days, may be something being planted?
May be it is a Christmas Present?
Why nobody is willing to short this stock if most people on IHUB thinking that this company is scam? Seems to me overvalued market cap.
The size of China’s consumer market, notwithstanding its growth, will make it hard for China to rescue the world economy by itself. Total consumer spending in China is still less than a sixth of American consumer spending at current prices and exchange rates. That is mainly because China has relatively few restaurants, hotels and other service businesses, even as sales of manufactured goods have risen.
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A Land Where Car Sales Leap, but Gasoline Sales Stay Flat (December 10, 2009) The average price tags on most Chinese products are much lower than in Western markets. For many products, including some in which China leads in the sheer number of goods, the total dollar value of sales in China is still smaller than in the United States.
The average new car sells for $17,000 in China compared with almost $30,000 in the United States, according to J.D. Power. This is because Chinese consumers buy more subcompacts and fewer sport utility vehicles. While the Chinese market is one-quarter larger in the number of cars sold, the American market is still about two-thirds larger in dollar terms.
Similarly, the United States market for household appliances is a third larger in dollars, even though the Chinese market is a third larger in the number of appliances. Cooking ranges in China are sold for countertop installation without a lot of other equipment, for example.
“You don’t have the cook-a-turkey-in-the-oven type of product in China, because we don’t have that kind of cooking,” said Philip S. Carmichael, the president of Asian operations at Haier, China’s biggest appliance manufacturer.
But in some sectors, Chinese buyers are already proving more lavish than Americans. The average flat-panel television sold in China is bigger than in the United States, according to AU Optronics of Taiwan, the world’s third-largest manufacturer of flat-panel televisions.
When car sales began surging early this year, many auto executives attributed the boom to government incentives. To stimulate the economy, the government has offered rebates for rural families to buy cars and household appliances, and has cut sales taxes on cars with small engines.
But the boom has broadened to categories that barely qualify for incentives.
S.U.V. sales rose 72 percent in October from a year earlier. At Nissan, sales of cars with larger engines that do not qualify for the sales tax reduction are growing even faster than sales of small-engine cars.
Auto sales jumped 42 percent in the first 11 months of this year compared with sales in the same period last year. And sales are still accelerating, soaring 96 percent in November compared with the same month a year ago. Auto sales in the United States plunged 37 percent last month on the same basis.
China’s consumers have the potential to buy even more in the years ahead. The savings rate is close to 40 percent — and will remain high unless and until Beijing creates a social safety net for things like health care or retirement, which would encourage Chinese to spend more today.
And though annual incomes still average just $2,775 a person in cities and $840 in rural areas, Western economists predict the economy will grow almost 12 percent in each of the next two years and the renminbi is widely expected to appreciate someday, further increasing consumers’ buying power.