In that regards, Porter did state that they were working on about 6 or 7 deals and that they were spending all their time and focus on getting those worked out; THUS, they really were not focusing on counting days for the listing requirements meticulously because they already know they are doing the extension and they want to ffocus on business rather than daily share price movements.
He said something to the effect like "we're really not counting days for the listing requirements when we have all these deals we are working on". That might explain why they really do not give coherent communications regarding the deadline.
So I said "so, you are focusing on the day to day business deals and not getting concerned about the day to day share price movements" to which he stated "Yes, we know we're filing for the extension, and then we will have another several months to meet requirements"
I then stated that I was concerned that their plan would be to RS in four or five months, and he said they had not discussed that - just working on all the deals right now.

You know I'm in this with my core +/- trading shares depending on how the information and trading is flowing, so why in the heck would you tell me "I told ya"?; I've got it covered if your scenario should happen, and if not:
well, I will be ready to buy more once the blood slides down the fan blades, and the rebound is ready to take hold.

I honestly think a RS will be announced in about three to five months because they cannot get the share price to move above .75. And I will be ready to scoop shares once the downward slide from the RS stabilizes.

OK, I just got off the phone with M Porter.
I'm sorry MT, but he told me that he had no idea where people were getting the dates of the 21,22 of March. He stated that they were filing for an extension and (as you have stated) that they anticipate getting that extension.
They can now file for that extension as of today since today is the last day that they can get the minim bid price up above $1 (AND STILL HAVE 10 CONSECUTIVE DAYS ABOVE $1) to meet the minim bid requirement deadline for the NASDAQ listing requirements.

I was surprised, and told him what has been posted here about March 21, 22, and he again said he does not know why people are talking about that date because the bid has to be above $1 for 10 days by March 1, and now they are working on the extension.
The minim bid of $1 in the next week or two is not an issue (because we obviously are not going to get there, because it is not there today)!

We hear what you say but you've been saying it for months now and it has not happened. You keep saying next month or next week, but the company does not get it done, and they won't PR anything with details about what they are doing.
As for the time frame for meeting NASDAQ requirements and the extension mess, it means NOTHING, ABSOLUTELY NOTHING, until they put it in a PR; so even if what you are saying Porter told you may be accurate, it cannot be taken as true until it is PRd because they are only legally liable for what they put out PUBLICLY, and the company just does NOT want to put it out publicly for some odd reason. Either they are lying to you, or they didn't know what the hell they were doing when they put out the PR with the dates that you say are wrong - both options so far are BAD (lyers or incompetant idiots, Hmmmmmmm, which do I trust putting my money with, LOL).

Thank you everyone for clearing that number up. The number listed on the PR has the two digits reversed, and the new number you provided works fine.
I called, but Porter was not in. I will try back later.

Ok, all you who say you have talked with Michael Porter, what number did you dial?
When I try to call him at the number on the Jan PR, [(212)564-7400] it says that the number is "not in service". Needless to say, that is a MAJOR red flag if Porter has closed shop and has decided to make himself unable to be contacted. I'm hoping you peeps are just calling a different number.
Would someone who has actually talked to him, please post what phone number you called him with?

As expected, of course.

Thanks for the pop. Needed to get rid of some more above .308 to switch em out for the ones I got below .30.
Yes, this narrow trading range has pushed me to actually start trading those penny increments - I HATE that, but this stock is just UNBELIEVABLE, as someone stated earlier.
Now, should I wait with LTG at .22 to .25 to pick up the rest of my traders, or maybe even .17?!?!?!?
OR
should I take the next dip below .29 to pick them up anywhere under .29?
One thing for sure, I'm not buying any more above .30.
If it doesn't go back below .30, then what I have will be what I ride with until they give us some pertinent information; and from their history, that will take a VERY LONG time.

Yep, looks like the uptrend turned into a dowtrend. Sold a third, will buy back when/if gets below .30 again.
Likely today, LOL, by the looks of things.

As am I.

Got more shares than I really planned on right here, but I am set for the next move up. Will sell a bit if support wanes and buy them back in the 20's again, if they push back down through support.

On the oter hand, I will ride them to the .40's, .50s and above if support strengthens and this strength causes some upward momentum.

Uhhhh.... Make that 22.6M Shares Out(From SAPX 8K).
Look in this link to find the most recent update on OS. It is 22.6M as of Dec 2011.

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8003238

Regardless of whether or not it goes into the float, it still increases the OS count. The increase in OS count is what DILUTES our shares' VALUE.
Every time our OS goes up, the per share VALUE goes down. Float means nothing when valuing the stock, such as earnings per share, book value per share, PE, PE multiples, revenues per share, etc., etc.
Those valuations are what REAL investors look at as to whether or not to buy in because it is underVALUED or Fair Valued. The more they dilute the value, the closer the VALUE of .30/shares becomes FAIR VALUED.
That is why we need to play close attention to all this DILUTION and not understate its impact on share valuations.

The S8 last week just added another 5M to that 25M because they have already used up the 25M, and just cannot stand to consider stopping with the dilution.

So now we have 30,000,000 shares "allocated as common stock", and very likely we will see 30M in the next report as issued and outstanding. Expect this within the next few months.

Can you say DILUTION and now MORE DILUTION.

I'm not seeing it yet. I still think that they can easily come in with several hundred thousand shares to sell at the most surprising moment for longer term traders, and then, down we go again.

It likely goes down a bit more at the end of the day because CINN and EDGX have once again taken up permanent residence on the ask side. Peter needs to get those funds for the company to pay all those production costs, and salaries, and unnamed talent, and new businesses with more salaries, etc., etc., ya know.

Nowhere in there have I yet to see any REAL promises of revenues; just high hopes and hints at it, and then very veiled statements (ANY details left out) about xxx?? many shares will be given to these entities that will be sometimes restricted for xxx?? amounts of time from selling, with the valuation on which the deal and number of shares is based changing daily with the change in OS count as the deal gets closer to completion.

Clear as mud, how they are paying and how much they are paying for something, and how much we are getting back in value, isn't it?

You got that right!
And CINN and EDGX both always seem to bring them the goodies; THAT is when the dilution comes in.
IMO, they get shares given to them by the company when the company wants to get funds from putting more shares into the OS count, and then CINN and EDGX start selling them hard, hitting the bid over and over and killing the share price.

LOL.

I'm not sure whether it is good or bad.
To me, it tells me that they have now used up that first 25M registered shares (those that were the 25M common stock outstanding of the 50M Authorized shares).
This tells me that there has been sooooo much dilution that they now have to register more shares so that they can have shares available for employee benefits and other possible compensations.
This concerns me: They are now working on using up those shares that will take us up to the 50M authorized shares.
Much more of this, they will be coming out soon and asking to authorize more shares.
Not good in my opinion.

From Sept:

That gave us 50M AS with 25M registered that could be issued and thus put into the OS count, and added to the float unless they were restricted when issued.
NOW we have the 50M AS with 30M registered, and probably already a 25M OS, all 25M have probably been issued (some of those are restricted, for how long we have no idea because they never provide those kinds of details) with another 5M that can be issued in the upcoming months - the question is, will they go into the float or be restricted?

Right now it just says they have had a continual dilution fest and they are now coming back for more shares to have more ammunition to dilute our value even more!!!!!!!!
NOT GOOD, IMHO

This is what the US Federal government acts like, coming back every other month to increase the debt ceiling so they can blow it on innumerable wasteful spending sprees.
OMG, I hope something decent can come of this.

It's always good to hear from you Scov.
8>)

S-8 Filing released:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8028856

Actually you have that backwards, if you pay attention to my posts.
I get rather anxious when I have my money in the stock and I see the company diluting the hell out of it, or releasing news with hidden details.
When I'm out of it, I can sit back calmly and watch, waiting for the next buy-in. The company does its damage itself, I just have to wait it out.

I'm pretty loyal to an investment. I'll wait it out, for a year or two, even when shorters are killing it, because I trust what the company has planned.
A company in which I trade around a core position only, I'm only as loyal as far as it has a possibility of making me some money soon, after that, I'm gone. LOL
With my core position, I'm also ever watchful of hints that something horrible is about to hit to destroy the value of those shares, so I try to stay EXTREMELY FLUID and nimble to trade it whenever the need arises.


But you do have a point. With an investment, I will also hold a core position and trade a FEW shares around it just to make money while I wait for developments. The difference is, with an investment, my core is 80 to 90% and I trade only 10 to 20% of the shares around it, forever building my core more and more with the profits.
But something like SAPX, I keep a total given amount of shares that I hold and trade, never increasing my core position, which is only 20 to 30% of the position, because I do not highly expect great developments that will hold the share value before the company comes in to barter that value away again rather quickly, before shareholders have a chance to build on it.

Where is all this volume coming from? On NO NEWS?
I do not get it. I know SA, and I really like him and he has a good following, but I do not think he could have brought in this much volume for a stock that looks like it just got P&D'd a week ago.
Now if that guy called Shakerz was in this, maybe so, his following is a mass herd. However, we really better watch out if he is the one pushing this.

Maybe I'm wrong, but I am looking for news to hit soon with the way this is trading today.

Not at this time. Hoping it will go back up into the .40s (or I would be happy to take more, 8>))
I'd like more than a Toy lease also, but I don't lease, I pay in cash. So, this really needs to hit >$1 so I can buy me my Lexus, or maybe a Jag.

Now you know WHY I do not INVEST in this company, but choose to TRADE AROUND A CORE POSITION.
I do not think you can trust this company, or Peter, for that matter.
As for Peter's credibility - already answered.

Raised it to .313, got a few, but not all, partly bcuz I was wasting my time trying to type that message with those statistics.
Need to let the message board wait when I am getting close to my buy-in price, LOL

I think you are being tricked by the company, IMHO.
Peter bought 96,000 shares at .40 - So what, it was a nice gesture but he can easily sell enough equity in the company to bring in enough funds to pay himself $40,000+ in his salary for what it cost him to purchase those shares. It would be well worth his investment of $40,000 to keep the company attractive enough to sell shares to keep the GS&A portion up to where he can take home a $200,000/year+ salary. BY the way, if you are interested, look up how much he gets paid per year.

As for the .77per share, LOL - you are not thinking about the shares that have been issued since then.
That was .77/share when there was 2,700,000 shares outstanding.
With all the dilution that has occurred since then that .77/share is now at about .09/share.
GET THAT: .09/share that is, IF we only have 23M shares OS now. The way it looks, I highly suspect we are at almost 25M OS.

And it goes on and on. You do some of the math and start thinking about what this company is doing before you call us cautious investors shorters for no reason.

Cash flow, don't know, I have not done the math on that, but I highly suspect the wool is being pulled over overly optimistic buyers' eyes with that one also.
All the agreements, NOTICE THAT WE NEVER get details provided when we are told of the deals - BIG RED FLAG!!! - Where are all our shares going? Where is all our equity being spent? How are they paying for all this and how much proportionally is it bringing back to us in revenues, and more importantly, EARNINGS, NET ASSETS????????

Do you understand now?

My core is anywhere from 20 to 30% of my position. Except when it has a run-up of more than 20%, and then I have been known to sell my entire position, core and all, if it starts back down.

I did that this last run-up, and I now am back to trading around a core position.

Do you mean .317?

I'm sitting @ .312, Let's see how it goes.

I'm long also. I just trade around a core position most of the time, because you cannot trust what this company is gonna do. I do NOT like their lack of openness and lack of honesty about what they are doing with the equity.
The only smart thing to do right now is swing trade it, but keep a core position.
I sold some of my shares at .356 today, so that I could buy them back lower today, since I was unhappy with how high I had bought them last week. This pop has worked out VERY NICELY for me. Bought my shares back at .322 and I am still ready to buy more if it drops below .32 again.
(Of course I had bought a few at .295 a couple of days ago, wish I could have gotten .28s, but not so bad so far.)
So, No coincidence; It is just that we are honest about the company, and don't push it on others without warning of the risks, which are VERY high.

A tad late, eh? Did you party all of Jan away and just now notice Feb is starting - decided to get the new year wishes in just under the belt, LOL?
Happy New Year to you also.
Hope all is well, and your trading is profitable.
C

Thanks, I'll look into it.

Sounds like you are saying that another RS is NEVER going to happen.

Uh-oh, you know what you say about saying never.

Soooo, sounds like it is a given, LOL

Like I said yesterday, I made the mistake of getting too excited with the Zachs valuation.
I know of a few times in the past you were not so happy with yourself for getting too excited and bought too early also.
I didn't hound you then, because it does not help the cause of others so yes, I'll say it again, I messed up thinking there was SOMETHING of substance with this company this past week when there is actually NOTHING.
It appears that there will be nothing until they actually announce something with details and we may be waiting for a VERY long time before that happens.
However, I was the very first one to post that that gap would get filled after the run to the 50s, I just made the mistake of not believing in my knowledge of that, due to the continued PR campaign messing with my knowledge of what this company does.

And they thought I was being manipulative when I said we would go down and fill the gap at .309.
Amazing how they fill those gaps, LOL

No, IMO, it says to sell when (or BEFORE) it hits .32;
the PSAR will then be broken, that support point will have been broken.

Oh I'm thinking this time that guy who was predicting .17 just might finally be right, by the way this POS is trading.
I am so mad at myself for getting excited this am and buying at .354 - I know this stock better than that, at least I thought I did, LOL
Oh well, another lesson learned, sigh!

Why the heck are they so proud of .3312? Why are they giving that odd price such respect?
Take it down to .33 already and let's get down to that gap.

It is Power HOUR! It has only been 3 minutes into the hour - give it time, LOL

Yes, now the end of day BIG DUMP occurs, LOL.
Power Down!