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And remember, this report is based on events that concluded almost 6 months ago. No doubt things have accelerated since. This is going to be huge, people. Enjoy the ride. In a little while our only regrets will be that we didn't have more shares!! GLTA.
Correction:
SEIH Worth .005 - one half cent, not five cents at 20 p/e
NET PROFITS
$421,868
.00024 per share
Less than the "net gain" of 1.4 million they hinted at before. But still it's a net profit. At a 20 p/e this stock is worth .05 any way you slice it. Many speculative stocks trade at a much higher p/e than that. Plus, how many companies whose stocks are priced at .0011 are actually turning a profit.
Yes, 2.3 bill shares out, but they cancelled the 4 billion share warrant and the subs are scheduled to start paying back their loans, so dilution should finally be under control. Overall they seem to have gotten their act together at last.
Let's hope we get some positive forward guidance when they PR this thing. I think pennies could be on the horizon soon.
Overall a great day for longs. Now, when are we going to see buyers backing up the truck?
I think SEIH is starting to get noticed; I know the old time longs would agree that there are several new posters that have come on board in the last month or two. And trade volume has been much higher over the past 6 weeks than the prior months. It's really all up to the annual report and the 10-Q that follows. If it's really good, then I agree that we should be in the .01 range before too long. But management has to deliver the goods - something they haven't done before.
This delay should've been expected. If they don't have the annual report ready, they can't have the next report ready. As far as the part about not expecting any significant change from prior reports, what that really means is they are not going to be making any major (usually negative) restatements.
But they need to get that annual report filed. This is starting to get ridiculous.
Why is new management content to be on the pinks? We need to at least get back on OTC.
Huff: good news/bad news
Good news - apparently they don't seem to think Huff did anything illegal or they would've dumped him
Bad news - Huff will probably be just as incompetent as CTO as he was as CEO
snow and jersey -
welcome aboard. keep the pumps coming LOL
I like this action. I hope we move up 1 or 2 ticks a day, so that by the time real money starts noticing, they will be buying in over .002. I'd rather see a slow build than a spike followed by a big retracement. I say if the annual and quarterly reports are good, and we get some other news (which they hinted at in the last PR), we could be .005 or .01 pretty soon. And I think that would still be in line with a standard P/E ratio, or even undervalued. Here's hoping...
I thought it was "buy the rumor and sell the news" but with MOBL it's "sell the rumor and sell the news". WTF is going on here? Unreal. Something's got to give. No reason this stock should be so far in the tank. I'm getting beyond frustrated at this point.
I think the outstanding shares, including the LJ stuff announced, keeps us around 2 bill. And the 100,000 they are issuing today is only as collateral for the $100K they agree to pay in cash. If they pay, it gets returned. So the way I read it, LJ only got 100mill shares out of this whole deal. That sounds great to me.
8-K is huge news. Puts an end to possibility of massive dilution and also says they are buying out LJ's interest. That means they have cash on hand. Is it possible the big run up is at hand?
Nice job guys. I brought up politics and it didn't descend into a nasty name-calling session in like 3 posts. Just passing the time. If SEIH(E) doesn't get this report out during this probationary period, I'm going to be pretty pissed. C'mon guys, there's really no excuse at this point. WTF are they up to?
Can you remind me, when is this media supposed to happen? I thought "late October".
I don't want to get into politics, but this idea that somehow the Dems will be bad for the market is not borne out by the facts. Historically, the market has done better under under Democratic presidents than Republican presidents.
If the profit numbers are what they say they are, and they follow up the good news with more good news, we could easily see 1 cent in the next few weeks. Needless to say, that would be HUGE for all of us. But given their record, let's just say I'm cautiously optimistic.
didn't move the ask. and we wait...
I'll double our volume here with a 1 mill pickup...
Design - The PR last night said "new investors" - we have no idea what that means, really. Could mean convincing more retail schmoe's to wager here. It also contained the word "sacrifice". We don't really know what that means, either, but it's probably not good. Not trying to be negative, just realistic. This past year has taken a toll on us all.
Filing for patents - now there's an idea. Hey, we might finally have adults at the helm here. Good PR, nice tone and substantive. Look forward to the media availability later this month. Maybe that will give us some renewed momo. Although, I'm sure the bad news - dilution or recapitalization - is coming...Stay tuned.
I like actions, but the words in that press release are meaningless. Here are a few words I like to hear: what's up with the strat? what's up with centerline? what's up with HotZone? What's the deal with the lawsuits and SEC inquiry? Where is little Timmy Huff, and if not being frog-marched to court, why not? If, or when, are we going to get on the OTC? You know, they could say SOMETHING in these PR's...The only message I really saw in there is "sacrifice". That don't sound good. Oh well, we wait...
Picked up more at .0008 as well.
They take longs into consideration - as an ATM!!
I hope the report is good and they don't quash a rally by releasing dilution news one day after good news. That has been their MO in the past.
I'm accumulating more here and there. Glad to be back in - upside potential is huge. We'll see what they do.
Does anyone else see a "head and shoulders" in the chart? Could be a nice run soon if we get some news that turns this thing around.
Seems to me the longer it is before we hear an AMEX decision the more likely it will be not to delist GTE. JMHO.
There are forty different versions of when the AMEX will make their decision, whether GTE can appeal, etc. I still think GTE will be delisted. But maybe I've just grown pessimistic over this terrible year.
They rise in price today means a few possible things IMO:
1. some retail buyers are looking at the cost/benefit of the AMEX decision and think that thee potential upside is much bigger than the downside, so it's a good risk.
2. someody knows the delisting won't happen and are buying in (I doubt this, since there would've been bigger move/volume)
3. shorts were trying to sucker buyers into a rally before the decline.
4. some think the delisting is already factored in, and in fact, GTE will rise once the uncertainty is behind it, no matter what the AMEX decides
5. as pit said, some expect the dam will break on PRs once GTE is free of AMEX restrictions and reviews.
Now, what do I think? I think GTE will be delisted, they will move to OTCBB and we go up over the next few weeks, even if there is an initial further slide. so, this is a buying opportunity, and clearly a lot of folks agree with that assessment based on today's action
Nerd- great DD on the similarities with Pegasus involving Jayson, Byron and the lawsuits. Sure seems like these guys have a powerful, coordinated short attack machine. These guys are abusing their power and influence - Jayson is a well-know shorter. Wouldn't it be nice to have a financial column at a widely read newspaper or website in which you could trash certain companies while you or your associates short them? These guys are crooked, plain and simple.
S3 Investment Company Chairman and CEO Jim Bickel Travels from Home to Office to Manage Company...
That's about as informative as that fluff PR about the auditors. Do these guys PR every time somebody gets on a plane?
By they way, bitter, good DD on Kuhns Brothers and Redwood. It is curious that Redwood has not had a single new client since Fushi. What, exactly, have they been doing for the past 12 months?
My thoughts... Tuesday's announcement will be big news. This could range from pretty big to HUGE - either new funding, an angel investor or big company partnership, or a r/m and NASDAQ listing. As to why MOBL would borrow $15 from Cornell just before getting a better deal or getting bought out or merging, the answer is, you take the money you can get when you need it and keep working the other option as there are no guarantees. The only thing keeping me from thinking this is not a HUGE deal is that it didn't really hold the gain at EOD. I just hope it's not more convertible financing or an R/S. I don't think the latter, because if I recall, the company does not have permission to do more than 1:9, which really wouldn't accomplish anything at this SP. In any event, I'm very bullish here, just wish I had a million more shares than I do already.
Dennis - I agree. Cisco has huge piles of cash lying around. sure would be nice if they'd use some of it to fund an alliance with MOBL.
stockdoc - IMO it would be better to have financing that is not convertible, thus no possibility of dilution. that would help the stock's momo quite a bit.
8-K gives them more time to start making installment payments to Cornell. Probably a good sign - if Cornell was worried, they would not want to wait. Maybe other financing is pending?? I hope so. If MOBL can pay off Cornell w/out anymore dilution, we'll be happy campers.
Would love to hear how Tempe is going. Haven't had an update since students returned, have we?
Anyone see this in Sith Lord's article?
"At the time of publication, Seth Jayson had no positions in any company mentioned here and was rated above the 99th percentile in CAPS, mostly by shorting."
Surprise, surprise. He's a shorter. He or associates of his are definitely making money somehow on his hit pieces. He should be investigated by the SEC. What a slimeball.
Got my feet wet again here.
2.5 mill at .0008. May add more if it goes lower.
If the reports this month and in Nov are as good as many expect, could be a nice play here.
Of course, I still don't think Bickel gives a crap about shareholders. We'll see over the rest of 2006 if he's finally got his act together. GLTA.
If they are going to make several disclosures this month, they should hurry up. It's almost half over. I didn't think we'd see .15 again. This is getting pathetic.
Biggest issue with this financing is that it is convertible to shares, meaning more dilution. I dream about the day we get financing that does not result in dilution.
Fortune, I agree with you that the Russian deal is GTE's problem. Like I said, they never could come up with a straight story about what happened. I also agree with you that GTE will be delisted. Where I disagree is that I think GTE is in fact oversold and will start bounce back, probably ON THE DELISTING NEWS! Now, that assumes they actually come through with some good news and progress over the next few months - I big assumption given their track record. The only thing that will send GTE into a total black hole is an SEC investigation, and I honestly think the chances of that are about 50/50. So if you're looking for someone with rose colored glasses, you find find him here. But you won't find me overstating the negatives either.
Again Fortune, that's not true. Remember, AMEX did full DD on this stock in April 2005. So if there were all kinds of red flags AMEX woudld have, or at least should have, turned them up at that time. Now, they may be delisting now to cover their butts for the crappy job they did, but if they raise anything older than April 2005, lots of individual investors have a good case for filing suit against AMEX for misrepresentation.
I think it held up well at the close. Only down 3%, not much profit taking after a nice run up and heading into a long weekend. Bodes well for Sept IMO.