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GOOD POST, BUT I THINK TOO GLOOMY
THEIR Q WILL BE OUT IN A FEW DAYS AND AND WOULD SUSPECT THE S1 APPROVAL SHOULD BE OUT SOON.
I AM GUESSING HERE BECAUSE I DONT KNOW BUT I SUSPECT THE SEC HAS COME BACK TO THEM RE THE S1 ALREADY AND ASKED SOME QUESTIONS WHICH WILL NEED ANSWERING FORMALLY...
I BELIEVE THE SEC HAS 15 DAYS ON WHICH TO RESPOND TO AN S1, AND IT WOULD NOT SURPRISE ME IF IT GOES BACK AND FORTH A FEW TIMES UNTIL ITS ALL CLEARED.
IT WIL BE APPROVED BUT IN THIS CURRENT ARSE PROTECTING CLIMATE I SUSPECT THE SEC ARE BEING RUTHLESS TO COVER THEIR BACKSIDES...
I WOULD SAY IT WILL GET APPROVED AND IT WILL THEN ROCKET THE SP FOR SURE
HANG IN THERE, I SEE THIS PRICE AS THE BOTTOM NOW
DAVE
The market cap of $750k is madness, but the market is pricing in the company to fail and go bust. Which it wont !
WHY DONT YOU JUST SELL YOUR FEW HUNDRED SHARES AND MOVE ON INSTEAD OF WHINGING ON HERE RELENTLESSLY...ITS BORING DUDE !!
Dave
Will going on here..., at least I hope so... nothing happened the last weeks after the huge R/S, which destroyed the value from this just a start up pos.
Really hope that CEO crook finds some of his spare time to give one shit about his investors, his dear shareholders who own "his" company and with the massive diluted shares money we paid his monthly salary, beside all that pumping paid awareness posters, who also have nothing to say in fact...
No news on the horizon, next R/S before the summer?
DO YOU HAVE A LIVE PRICE LINK I CAN FOLLOW?
I AM NOT NILBUD, AND I AM NOT COMPENSATED FOR THIS COMMENT, BUT I CAN ASSURE YOU, THIS PRICE IS THE BOTTOM. I EXPECT IT TO BE WELL OVER.025 BY THE END OF THIS WEEK
WHEN THE S1 IS COMPLETED AND THE Q IS OUT WE WILL HIT.03 EASILY
MY OPINION, BUT I HAVE BEEN BANG ON ON A FEW THINGS WITH REGARDS TO FLINT
DAVE
I see this as the bottom now. I would suspect that Vince has some good news on the way re the S1 filing. Once that hits the news wires then anything can happen
We need some good structured PR now to help it steady the boat
I expect a bounce next week for sure as savvy investors bite the low price
WHAT UTTER CRAP
YOU HAVENT A CLUE WHAT YOU ARE TALKING ABOUT, SO WHY BOTHER POSTING?
Except you will lose the power of holding a large quantity of shares and the PPS will probably not move as easy for big gains as it could have. Plus the company can just dilute all over again. Rinse and Repeat, screw the share holders over hard.
RELAX, THIS IS FANTASTIC NEWS.
it is not the end of flint as you so eloquently question below
very disapointed in the PAID PUMPERS.....a little setback...and you guys have run to the hills...Tell us like it is....where do we stand....is a r/s the end fltt....ive wanted to believe in what you have been saying for the last 2 months.....but after this disapearing act...i truley believe....you guys got your money and thats what it was all about anyways..
IN REPLT TO YOUR QUESTION
You never answered my question on the Reverse Split. I'll spell out the scenario again:
You're saying my 3 million shares become 150,000 on a 1/20 Reverse Split. Then you're saying the price will be .003-.004 which means my $10,800 investment is worth $450.00?
You claim to have been in banking so I'm sure you understand the math. Please explain this to me
YOU MISUNDERSTAND ME.
IF A REVERSE SPLIT OF 1/20 HAPPENS THEN THE SHARES ARE 20 FOR 1. IF THE PRICE B4 SPLIT IS SAY .0020 THEN THE SHARES PRICE INCREASES X20 TO ACCOMMODATE THE SHARE REDUCTION IN THE SPLIT.
SO YOU NEITHER LOSE NOR GAIN ON THE TRANSACTION.
HOWEVER, ON A R/S ANNOUNCEMENT THE SHARES USUALLY DIVE AND THEN EVENTUALLY RECOVER, THIS IS WHEN IT CAN COST US DEARLY WHEN IT DIVES
DOES THAT ANSWER YOUR ORIGINAL QUESTION
Dave
I AM NOT BASHING AT ALL, I AM STATING WHAT I BELIEVE. WE WILL SEE.
100% THIS IS NOT THE BOTTOM.
YOU ARE QUITE CLEARLY MAD.
GO WITH YOUR GROUP AND TRY AND TRIPLE ZERO IT, YOU WILL GET BADLY BURNED.
YOU MISUNDERSTAND ME. IF/WHEN THEY ANNOUNCE A R/S THAT ALONE WILL DRIVE THE PRICE LOWER AS PEOPLE PANIC SELL. THAT IS THEN THE BUYING OPPORTUNITY BEFORE PEOPLE REALIZE THAT A R/S IS NOT SUCH A BAD IDEA AND JUMP BACK IN, BY THEN WE CLEVER ONES PICKED UP CHEAP STOCK AND MAKE A HANDY PROFIT
EASY REALLY.
ALL WE NEED IS FLINT TO ANNOUNCE A R/S, NOW THATS THE UNKNOWN, BUT IF IT DOES HAPPEN ITS A GREAT OPPORTUNITY TO BUY IN CHEAP AND MAKE VERY VERY NICE RETURNS.
DONT GET ME WRONG.... THIS COMPANY I BELIEVE IS IN A GOOD POSITION TO DO WELL, THEY ARE UNDERVALUED AND WILL BE SO UNTIL THEY START DRAWING DOWN FUNDS AND CAN START TO GROW THE BUSINESS FASTER.
it is not a .00013 company but more like a .003-.004 company, and I believe in 3 months time this is where it will be. Provided they R/S and quickly start draw down to combat the shorters who will want to drive it down. I suspect they wont be successful as Flint will have stopped dumping their shares by then and will have funds to combat this.
So, I want it to tank so I can pick shares up cheap but believe the medium term prognosis is excellent
Not bad rationale for a trailer park dude in DC, no?
I am 67, my DOB is entered wrong on here.
I gave my opinion, You can thank me and also apologize very soon for calling into question my intelligent and considered viewpoint when they announce their R/S.
They have NO choice but to do it, the only question is when. And the only sensible timing is prior to the Kodiak drawdown. If they leave it longer than that then I will have serious doubts about the advice they receive from their financial advisors
So, basing should be at about .0005 to .0008 with a 1/10 or in my opinion a 1/20 split.
I hope that answers the basing question posed
I have an buy order out for another 6,500,000 at .0005 which I hope to get filled very soon.
If they do not do a R/S they will run out of shares to enable them to draw funds to carry on doing business, never mind growing it and paying back the millions that they owe
No other way to go forward IMO. I expect an announcement within 3 weeks as the SEC should OK the Kodiak funding deal within 3-4 weeks and I would if I was them want to have everything in place to issue less shares to kodiak for funding
We shall see what transpires.
I was a banker for 35 years, and I see no other way forward for them in the short term other than to R/S.
100% THEY HAVE TO DO A R/S, AND I EXPECT IT SOON.
I suspect it will be a 1/20 split at say .0008 (after the uneducated dump their shares in panic when its announced ), thus less shares are needed to be issued to Kodiak to raise the much needed funds to survive and grow
This will protect shareholder value and will give them a better base to start to grow the company in a structured funded way via kodiak
My opinion for what its worth. The next few weeks will tell all for 2011's direction
NOT BASING YET, I EXPECT IT TO BASE WHEN THE RS IS ANNOUNCED
FULLY understand where you are coming from.
Look, in days or so this stock will be under .0010 and heading south. Its a wise thing to do once the dumpers are cleared out and they get the funding required, coupled with some good PR here and there throughout the first Q should stabilize the price.
I don't think shorters will be able to touch it once the price starts moving north
We shall see what happens, but its imperative they do the RV ASAP. And I am sure they are well aware of the quick need to also to protect shareholder value
Good luck to all
EX banker actually.
REVERSE SPLIT
In my humble opinion I would do a 1/20 R/S, and no bigger. I would also do it prior to the S1 being OK'd by the SEC at the beginning of Jan so as to capitalize on the funding agreement with Kodiak. I would be VERY VERY surprised if they do not do this as it makes perfect sense to me. I was a banker for years and this is what I would do if I was their CEO, which I am not!
Do your own DD.
I HAVE GOOD IDEA.
I ESTIMATE THAT FLINT NEEDS ABOUT 100K TO OPERATE ON A MONTHLY BASIS. ANE THE S1 WILL TAKE A MONTH TO APPROVE APPARENTLY.
SO, TO AVAOID THEM ISSUING SHARES AS USUAL TO LOAN COMPANIES AT A MASSIVE DISCOUNT WHO THEN PROCEED TO DUMP THEM INSTANTLY, WHY DONT A BUNCH OF US INVESTORS CLUB TOGETHER AND WE GET THE SHARES AT THE MASSIVE DISCOUNT AND WE DONT DUMP THEM, BUT SELL IN STAGES AS THE PRIC GOES UP
I am good for 10k, anyone else???
I WOULD EXPECT THE S1 TO BE OUT MONDAY/TUESDAY...IT NEEDS TO BE!!!
INTERESTING REPLY....
MrKrimes all you need to do is put 2 and 2 together.
Back in August the shares were trading at .001 because of the potential foreclosure by Thermocredit and the ensuing increase of the O/S to 900M.
The "market awareness" program was started at that bleak time when they increased the A/S to 900M. It's no coincidence because the companies plan all along was to pump the stock and dump shares to finance themselves. How else could they get a good price for the stock if they didnt generate "market awareness". And when the price goes up on the news it gets hammered back down with dumped shares. Without the cash they would have been foreclosed upon and lost everything. But instead of getting a good old fashioned business loan from a BANK they RAPED the shareholders and shifted the burden to them. Previously they were running on money loaned by Officers and Board Members who no longer work for the company.
Dilution to some extent is normal. But diluting the O/S by 5 TIMES is not.
WELL, RIGHT IN ONE RESPECT, BUT NO BANK WOULD LEND THEM MONEY I WOULD SUSPECT, SO WHAT DO THEY DO? GO BUST LEAVING SHAREHOLDERS WITH ZIP, OR TRADE THEIR WAY OUT OF IT BY SELLING STOCK TO KEEP IT GOING UNTIL THEY GOT SOME OTHER FORMS OF FINANCING, WHICH WITH THE ANNOUNCED 15M DEAL LOOKS LIKE WILL EASE THE PRESSURE ONCE THE SEC APPROVE IT.
SO, FAR FROM RAPING SHAREHOLDERS I BELIVE THEY HAVE GIVEN US HOPE.
my guess .02 to .04, probably have to wait til the 1 quarters report though. again just my guess. the dilution, in part, is killing this thing. i'm sure the company has good reason though.
= the reason is because they need CASH in order to survive until their S1 comes thru and is approved by the SEC I would guess.
No other reason for them to sell shares apart from in order to raise cash to carry on running this biz.
Sit tight, it will bounce.
WELL SAID. EXACTLY WHATS GOING ON HERE
S1 AND AGS FILING THIS WEEK FOR SURE!
THIS IS THE WEEK!!!!
HOLD ONTO YOUR HATS BOYS
NEED to provide link to such statements.
= WAKE UP AND SMELL THE COFFEE MAN
S1 OUT NEXT WEEK FOR SURE. 100%
Thanks for your clear and understandable analysis of this - I had a feeling that the dilution was happening, and there is nore to come.
Once that gets churned through is there a future here? Once they have access to the LOC they will still have debt overhead, but not dilution? Will they structure the repayments in restrivced shares or repayments over time?
GLTU and all.
=
I EXPECT THAT THEY WILL DO A STRUCTURED REPAYMENT PROGRAM OVER A 12-24 MONTH PERIOD.
They will still have minimum 5m left after they repay people off
This is a long haul investment that will/may make it, in the short term day trade it, its going up Friday and Definitely Monday,
mark my words!!
Mngt of many companies are filing suits against those that wrongfuly acuse companies by posting on message boards for personal financial gain. Facts are one thing but extra accusations of wrongdoing by shorters and those paid by them have gone to far and recently have not been tolerated. Go FLTT!!!
ABOUT TIME SOMEONE SAID SOMETHING..
Mngt of many companies are filing suits against those that wrongfuly acuse companies by posting on message boards for personal financial gain. Facts are one thing but extra accusations of wrongdoing by shorters and those paid by them have gone to far and recently have not been tolerated. Go FLTT!!!
ABOUT TIME SOMEONE SAID SOMETHING..
JUST PLACED AN ORDER FOR 2M AT .0021 INTERESTING TO SEE IF i GET THEM
was that a reasonable answer to my question as to what investing in this company in the last year done to your wallet?
= I know that if you have traded this well it will have made you a fortune!
correct observation I believe !
IT HAS TO BE SOON I WOULD HAVE THOUGHT, OTHERWISE WHY DISCLOSE IT ??
I don't have any inside knowledge.
Its pretty obvious what they are doing! Infact it states it in their Q that they are selling shares for cash to operate, what it does not state (as they have no idea if they are selling them or keeping the shares) is what the companies that they sell to are doing with shares, that's where I am assuming that they are dumping them and taking large profits....what else would they be lending their cash for if it was not to make more money
DEDUCTION, NOT ROCKET SCIENCE!
This is what I think is happening with this stock
1) Flint need cash. They are borrowing in 25k to $50k lots (see Q) They have to give something for this cash, and thats shares, lots of them.
I would guess they have to sell them at about .001. So, the MM who buy them let the price run up, then they dump them to make 200 to 400% on each hit
So, in the new year when Flint have filed their S1 they will be able to let this type of practice stop, and will sell ONLY to AGS (see last Q).
The benefit is that the price will then start to shoot up as they will sell in a more structured way so as to maximize profits, but mindful not to damage the price too much...as if they screw the price up completely they blow themselves and Flint out of the water and there is no more easy money to be made from Flint
Thats what's going on I suspect.
So, day trade it like the MM are for the next 2 months and make some cash and buy more because it WILL do very well in 2011 going forward!
PEOPLE, READ THIS PARTIAL STATEMENT BY THEIR CEO. IT SAYS IT ALL
Vincent Browne, Chairman and CEO of Flint Telecom Group, added, "This steady progress is paving the way for our future growth and sustained business activities, which is our primary goal. It remains our aim to be further ahead in terms of profitability, which we expect to realize with the help of our recently announced new product lines. We remain grateful to our debt holders, who continue to be supportive during this transition period. We will continue to work on minimizing the amount of working capital required to operate and grow the business, reducing dependency on the funding markets, which we use only when absolutely necessary. In recent times we have had to use convertible debt financing which has been reflective on our stock performance. On completion of an SEC Form S1 registration process we can start to draw against a more structured finance that will reduce our dependence on the type of funding that produces a negative effect on our stock price. As previously stated, our primary mission is to turn Flint Telecom into a truly global company, operating in the most exciting and high growth technology and telecom areas across the Globe. We are now on a very clear, focused and low cost path to achieve that as early as 2011."