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I was told, by Brad, that he was in his mid 60's. The Timex company told me that that commercial made it's debut in 1956.
Except for one small thing. The dam fool has been dumping shares to pay bills, again!
"Ron.. my PrePay feedback
I was asked to provide feedback on PrePay calling cards and cellphone based on recent involvement in these arenas. First of all, the PrePay calling card business is pretty low margin (relative to cellphones) and presents somewhat of a risk to both supplier and providers. From the supplier side, the cards are "cash hot" in that they represent real money which anyone can steal. From a provider (i.e.- store) perspective, this is additional inventory that has pretty low margin to carry and may be an easy candidate to steal. Also, there is very little chance that people leave 2-5 minutes of leftover minutes (profit) on the cards as the people that buy these cards are very smart about their cash and will count the minutes.
That's the bad news, the good news is that Auxer's entry into the prepay cell phone business is ideal. This market is projected to grow very quickly in the US as major carrier providers saturate towns/cities with tradition cell phone coverage. This leaves a need for people with bad credit or need to know exactly how much they can afford to use. PrePay plans are now coming out with Intelligent Networking (IN) which basically allows them to tie into exisiting (GSM or ANSI-41) cellphone infrastructure. What IN also provides is the capability to roam, voicemail and instant messaging - all in limited availability for existing PrePay phones.
PrePay also has the distinct advantage of cash up front as opposed to a 30-45 day payment for minutes used. PrePay will be targetted at low-income, largely populated geographies. Now, does anyone need to know why Auxer bought that LA-based teleco? Perhaps they will do the same in other areas and be able to grow their PrePay brand?
Lastly, for anyone that doubts the viability of this business, I've taken the time to research other companies. The best one to come out of that is PowerTel (PTEL) - http://www.powertel.com
and if you have doubts about why a PrePay cellphone company would advertise in auto racing:
http://www.lyndonamick.com/
be sure to look for the logo's pressence!
To summarise, Auxer either needs to improve upon the acceptance and profitability of calling cards or shy away from this business. At the same time, accelerating their offerings in the PrePay cellphone arena will put them one step ahead of competition. And, if anyone doubts the viability and success of this market, PTEL is trading around $64/share with -$7.53 Earnings/Share. Compare that to AXGI's recent result and you'll have to agree that we have a winner!"
Thanks to tsi!!
I hope you're right about the bottom. I know you're right about the bashing. I seem to have half that board on ignore. Makes some of it hard to figure out 'cause I don't have a clue what they're responding to! LOL
Yeah, me too. Well, long anyway. I don't much care for management. What the hell is Gene doing in CA? He should be leaving that to the VP in charge of the Telcom Div., and mind the store. Micromanagement doesn't work very often. Also, IMO, the race is better suited to "Formula 2000", or some part of the auto group. "X-Factor" should be sponsoring concerts or raves or something the gen-xers are into.
Take care,
Chris
Thanks bobsnook66. Question answered. How are you doing? Well, I hope. I seem to have most of the RB board on ignore. Too many bashers. Check back later.
Interesting. I thought I was the only one that had "board manager". Who removed it?
Done. Easy once figured out! lol
bobsnook66,
The big blue area at the start of this page is Sammys' DD. I copied it over here when I started this thread, with her permission. I just can't figure out how to replace it with the most recent version.
Hi bobsnook66. I really don't think we have anything to do with the paper cell phone, yet. I've got a "real" cell phone and have found the range to be a problem. I wonder about the range of that one. It will probably work well in cities. Here's a link to the phone I've been talking about;
http://www.dtcproducts.com/products.html
Good morning. Just checking in. Not much going on today except for the price dropping. ???
And that's why There aren't too many posts here. It doesn't work well. I've had the same trouble myself. Since the posts are duplicates I'll delete one. Welcome. Good thoughts!
Welcome. You seem to have the same point of view that I have. I'm hoping to be proven wrong but.......... High is the cheerleader and Sam is too but has a more realistic outlook. I'm the pessimist. Been here too long and don't trust Gene to do the intelligent thing. Oh well, I'll give it a bit longer.
Got the following response to my complaint. Looks like we're stuck with the increase in the authorized. I'll be out as soon as I can break even. An r/s will be in the future IMO. Not interested in going through that.
Dear Mr. xxxxxxxxxxxx
Thank you for your email and taking the time to alert us to your concerns.
We welcome your comments because they help us to regulate and enforce the
laws that assure fair and orderly securities markets.
Auxer Group Inc. has securities registered with the SEC (file # 0-30440).
You can access Auxer Group's recent filings on our EDGAR system by going to
http://www.sec.gov/cgi-bin/srch-edgar and inputting the name of the company
for the search.
Please be aware that an increase in the authorized shares by a firm can be
done by the board of directors without the need for shareholder approval.
This is a matter governed by applicable state corporation law, not the
federal securities laws. However, state corporation law will most likely
require that appropriate value be given to the corporation by anyone
acquiring the newly issued shares. Also, note that the number of authorized
shares is an item that is generally disclosed in a firm's 10-K/10-Q filings.
You may want to consult private legal counsel to see if there are any issues
of value given for the new shares.
We hope that this information is helpful to you. Once again, thank you for
contacting the SEC.
Sincerely,
David Powers
I think that since Gene and Ron own less than 25% of the current issued and outstanding they will be getting a call from the SEC. If they owned more than 51% they MAY have been able to increase the authorized without a shareholders meeting. I still may be wrong but I don't think so.
(BSNS WIRE) Auxer's Telecom Group Hits the Road to Launch the X-Factor Proj
Auxer's Telecom Group Hits the Road to Launch the X-Factor Project; Dick
Barbour Racing to Take the Lead in the Promotion
Business Editors/Hi-Tech Writers
WEST PATERSON, N.J.--(BUSINESS WIRE)--March 5, 2001--The Auxer
Group, Inc. (OTCBB:AXGI - News) announced today that the company's
Telecom Group, will begin an aggressive campaign to promote their new
line of products under The X-Factor trademark and logo.
The first of a series of products under The X-Factor Line will be
a prepaid calling card known as The X-Card. The company also plans on
launching several other products to include The X-Rechargeable Card
and The Prepaid X-Cell Phone. The campaign is being ignited on the
heels of the 4th Qtr., in which the Telecom Group exceeded
management's expectations.
The first major step in the campaign will occur on March 17 when
the 2000 American Le Mans Circuit Champion Dick Barbour Racing Team
will unveil the X-Factor Logo on the number 15 car at the 12 Hours of
Sebring. This is the premier race in the American Le Mans Series and
the first major international event leading up to the world famous 24
hours of Le Mans.
With major network sponsors including NBC, Fox Sports Net, and
Speedvision, this will put Auxer's Telecom Group in the public eye as
a major player in the telecommunications industry.
"The X-Factor is going to be the new wave of telecommunications.
The prepaid cell phone industry is rapidly expanding and becoming
widely accepted among the Generation X-ers who will be our target
market," states Executive Vice President, Ronald Shaver.
Mr. Shaver adds, "By winning the 12 Hours of Sebring four times,
Dick Barbour Racing has a proven track record of success. By aligning
ourselves with the team, it shows our commitment to being recognized
as a major player in the telecommunications arena."
About The Auxer Group, Inc.
The company, located in West Paterson, NJ, is a holding company
divided into two major groups. The recently formed Telecom Group
consists of Auxer Telecom, Inc., a telecommunications service provider
headquartered in Los Angeles and Clifton Telecard,
Inc.(www.cliftontelecard.com), a wholesale distributor of prepaid
phone cards.
Clifton's website allows online purchasing and distributes the
prepaid cards under the following trademarks: Original, Original
Texas, Original New York, Northern Star, Half Penny, and Prestige. The
Automotive Group is lead by Harvey Westbury Corp., a 35-year old
manufacturer and distributor and 25- year member of AAIA (Automotive
Aftermarket Industry Association).
Also a member of the NMMA (National Marine Manufacturers
Association), the group manufactures and distributes several products
including: Formula 2000 (Synthetic Engine Treatment), Easy Test
(Testers), Air Conditioning Kits and accessories, and several other
products which can be found at www.harveywestbury.com.
The Mechanics Depot, a specialty distributor of automotive parts
and accessories to local mechanics, service stations, and dealers and
CT Industries, Inc., an e-commerce and direct sales provider round out
the Automotive Group.
For Further Info. Please contact Brad Maxwell at M. Johnson and
Associates Toll Free at 1 877 893 8668 or visit our website at
http://www.mjaonline.com/ Or www.axgiinvestor.com.
This is a publication of M. Johnson & Associates (M.J&A), a
financial communications and investor relations company. M.J&A serves
as special advisor to the featured Company and has received fees for
services and expenses for preparation and distribution of materials of
said Company.
This press release contains forward-looking information within the
meaning of section 27A of the Securities Act of 1933 and section 21E
of the Securities Exchange Act of 1934 and is subject to the Safe
Harbor created by those sections. This material contains statements
about expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties. For
those statements, the Company claims the protection of the safe harbor
for forward-looking statements provisions contained in the Private
Securities Litigation Reform Act of 1995 and any amendments thereto.
Such forward-looking statements by definition involve risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from the future results, performance or achievements expressed or
implied by such forward-looking statements. In particular, there is no
assurance that reserves, production, pricing levels or other factors
pertaining to the manufacturing and retail operations will be
sustained at the expected rates or levels over time. Discussions of
factors, which may affect future results, are contained in the
Company's most recent filings.
Under no circumstances does this press release constitute an offer
to sell or a solicitation of an offer to buy the securities of the
Company described in this press release in which such offer,
solicitation or sale of securities would be unlawful prior to
registration, qualification or filing under the securities laws of any
jurisdiction.
--30--CRB/ph*
CONTACT: The Auxer Group, Inc., West Paterson
by
M. Johnson and Associates
Brad Maxwell, 877/893-8668 (Toll Free)
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: AUTOMOTIVE E-COMMERCE
ELECTRONIC GAMES/MULTIMEDIA INTERNET SPORTS TELECOMMUNICATIONS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
*** end of story ***
jj; I don't know whether or not there is a legal requirement. If there isn't, nothing will come of it. If there is maybe it'll make management re-think the way they do things. If they actually do go to 1bil. shares an R/S is in the future. By the way, I haven't sold any. I don't know why, just stubborn I guess.
Good weekend to you too.
Chris
Concerning the increase in the authorized without a shareholders meeting, or notification of any kind. With the SEC.
You're welcome,
Chris
Complaint filed 3/1/01. We'll see........
(COMTEX) B: Auxer's Telecom Switch Operation Received Heavy Holiday V
B: Auxer's Telecom Switch Operation Received Heavy Holiday Volume; Switch
Equipment, Engineer and Customer Service Staff Successfully Managed High Levels
of Traffic
WEST PATERSON, N.J., Jan 9, 2001 (BUSINESS WIRE) -- The Auxer Group, Inc.
(OTCBB: AXGI) announced the company's subsidiary, Auxer Telecom, successfully
serviced approximately 500,000 calls and processed over 1.2 Million minutes of
communications traffic during the holiday season The traffic was higher than
planned; however the operation was prepared and successfully managed the
demands.
"The Customer Service and Engineer staff worked around the clock to service the
customers during this traditionally busy season for service providers. Our
Telecommunication equipment and network performed above expectations. Our call
completion ratios were above industry standards. In general, the operation
functioned as a well-run organization. The transfer of Clifton's traffic is
expected to continue as planned. Clifton and Auxer Telecom are preparing to
release several new communication products during the next several months.
Additionally, Clifton's sales have continued to increase over the course of the
4th quarter and will be in line with the projections I stated at the beginning
of 4th quarter. Overall, I believe the investment in Telecom will prove to be a
very positive strategic move for our investors and I expect to release more news
on our Telecom products, projects, acquisition candidates and sales results for
the prior quarter over the course of the next two months," said Ronald Shaver,
Executive Vice President.
ABOUT THE COMPANY
The Company is a holding company that has a Telecommunications Group with two
(2) subsidiaries, Clifton Telecard, Inc., a wholesale distributor of prepaid
phone cards and Auxer Telecom, Inc., a reseller/switch operation of
telecommunication services. Additionally, Auxer owns an Automotive Group with
three (3) active subsidiaries: The Harvey Westbury Corporation Inc., The
Mechanics Depot and CT Industries, Inc. Harvey Westbury assembles and packages
automotive accessories under the name, Easy Test(R), sells engine treatment
under the name, Formula 2000 Ultimate(TM) and sells waxes and polishes under the
name, Garry's Royal Satin(TM) to the automotive, marine, and aviation
industries. The Mechanics Depot is a specialty distributor of automotive parts
and accessories to local mechanics, service stations and dealers. CT Industries,
Inc. has been designated to house any future internet-related business and
currently handles the internet-related sales from the company's websites as well
as other retail programs.
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of the
company's products, competition, new products and technological changes,
intellectual property rights and other risks.
For more information please visit our websites at www.auxer.com and
www.axgiinvestor.com
CONTACT: The Auxer Group, Inc.
Investor Relations:
Gene Chiaramonte, 800/201-3972
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2001 Business Wire. All rights reserved.
-0-
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: AUTOMOTIVE
MANUFACTURING
TELECOMMUNICATIONS
*** end of story ***
DANCING FEVERISHLY AT THE MASKED BALL (BLOOD ON THE CHATBOARDS)
If you were foolish enough to read the Raging Bull, Silicon Investor, Yahoo or BOBZ chatboards as part of your research into small stocks, you have been witness, to a greater or lesser degree, to the promo dance being performed on these boards. The participants cover the whole spectrum of education, income, investment savvy, politeness and net worth, and, at one point or another, they exhibit every single human emotion possible. What other forum is there, where people from all walks of life and from all corners of the country - even the globe - can come together and join in a more-or-less-common cause? The spelling is always horrendous and the language is often peppered with dirty words. Most posters don't know the difference between "your" and "you're" and think that the plural of company is "company's" - some even go so far as to write "two house's"... Hey, it's all for your exclusive entertainment! It is not necessarily true, of course, that the common cause is the promotion of a small company's stock - ulterior motives are the bread-and-butter of these threads and "making money investing" is really not the point of what is going on. If you left the board feeling snowed by the stock's excited supporters, count to 10, ignore what you read and do some real research. If you left confused, learn from your waste of time and don't try to do research on the boards again. And if you left depressed - because the stock is no good or because you ran across some bad karma - stay away from the stock: the whiners, if there are more than one or two, have good reasons to be cranky. The cast of characters on these boards is fairly predictable:
The Ringmaster. He always welcomes new participants and uses "good to see you" a lot to demonstrate his authority on the thread. If he has a big ego he will simply post "JK is here", presuming that everyone will be all aquiver with excitement when he shows up. He will endlessly remind people of all the virtues of the company in question, in the most general terms possible and always leaving out any negatives. The Ringmaster is extremely territorial - when a less authoritative poster presents some new bit of useful information or link, the Ringmaster will try to be the first to comment on it, politely... but he will quickly add some wrinkle to discredit the info or to top it. If the thread is active enough and has enough regulars, the Ringmaster will often undertake a "share count" with the regulars - which invariably shows that they bought up 2 or 3 times the company's float. Also, the Ringmaster will orchestrate company visits, calls to the CEO, product evaluations, trips to company locations and questions to be presented at the Annual Meeting. The Ringmaster is a very good scout master.... Some Ringmasters actually send regular private e-mails to their disciples, and will simply post "E-mail out". This is a great attention-getting device, good for the ego - however, the e-mails are usually empty fluff. Be that as it may, the anointed are grateful for the crumbs thrown their way and take comfort in the knowledge that they are part of the "inner circle". If the stock is a dog, the Ringmaster will always go down with the ship, rejecting and denying all negative evidence, in order to continue to have his ego fed by the stock's supporters. In the rarest of cases, the Ringmaster will change his mind and admit that he no longer likes the stock - subjecting himself to the most vile and personal invective possible. He will make his exit soon after, in search of another stock to be the guru of. On the chatboards, one is not supposed to have an open mind - one is supposed to be a faithful "long term investor", and the only virtue is stubborn blind faith.
The Sycophants are the Ringmaster's fan club. They compete for the Ringmaster's approval, doing a lot of web surfing to come up with the most obscure bits of related info possible. They will also post all the time why they love the stock and why it will go to 10 or 100 - always round numbers - and what they will do when they retire from the profits on the stock. They are also endlessly lying about buying the dips and adding to their holdings after chart break-downs, trying to get other mullets to follow their lead. Often, they simply inform the Ringmaster how much they added to their positions, and wait for the "attaboy!". Often, a turn of phrase such as "on the trail", or "ready for the explosion" will become part of the thread's folklore after being introduced by one of the regulars. It adds to the sense of community. The Sycophants are like a Hallellujah Chorus for the CEO as well, reminding each other how great the management is and how conscientiously it is looking out for shareholders' interests. Half the time, the management and insiders use these fools to line their own pockets, selling into rallies. All the while, everybody blames the market makers for everything, from cancer to low graduation rates in our schools.
The Apprentice is the second banana of the show, a younger investor who likes the stock, likes the Ringmaster, has access to management and is ready to step in and take the baton if the leader's spot becomes vacant. He is learning how to gain credibility, how to flex his muscles, how to feed off the leftovers. If he is not anointed after a while, he loses interest and discovers his own "wonder stock" in due course, disappearing for good.
The Enforcer is not much of a team player, and he only gets energized when someone he finds offensive - for reasons that are seldom clear, even to him - posts on the thread. The content of the offending post is of no consequence to The Enforcer, but he gets a real charge out of digging up (for the umpteenth time) some obscure item that may "incriminate" the nemesis - alas, his own pariah status menas that the factoids will fall on deaf ears. The Enforcer is always a very frustrated and unhappy individual, leaving behind him a trail of invective and personal vendettas a mile long and cutting across many threads. He becomes the object of mockery himself, but he's used to it. The Enforcer is the Dark Knight of the thread, alone and unloved, railing wildly at the world from his cold, dank cave. A truly tragic character if there ever was one...
The Seldom-Seen Guru is typically a newsletter writer or influential investor who has recommended the stock, often with new information in his missives, derived from his access to management. He typically has real capital to invest and uses it to gain influence. He is usually a good stock-picker too, otherwise he'd be out of business. Many of these characters have been shut down by the SEC in recent months, for overplaying their hand and playing both sides of the street - paid subscribers and compensation for stock promotion, at the same time (it's called "double dipping" and it is illegal). The Guru will try to preserve his mystique by not posting very frequently, but he will make an appearance from time to time - mostly when the stock is rising - to remind people that the stock is his "creation", more or less. The regulars will usually do their utmost to drown him out, accusing him of being a fair-weather friend and of not pushing (or buying) the stock hard enough. If such an investor were to show up in filings as a seller or as one who is removing restrictions off his Rule 144 stock, all #### breaks loose. The smaller holders start raising a ruckus and run around like chickens with their heads cut off, trying to scare the Guru into holding on to his stock; this never works. Often, one of the super-macho bullies on the thread will offer to buy the whole block at a quarter of its market price, without explaining why he thinks the stock might be worth so little.
The Hired Bashers are, along with the gurus, the only pros on the chatboards. They are thorough, methodical, informed and very active. Since they often get paid by market makers who want to drive the stock down - and since they get paid by the number of responses they generate to their own posts - they are provocative, a lot like the schoolyard bully. They accuse the regulars of being blind, naive, led around by the nose by management... and all manner of other sins. On most boards, anyone who posts more than once with critical information is accused of being a basher and interrogated as to his motives, compensation and sanity. Invariably, the basher hides behind a desire to "provide a public service". Bashers always hide behind their handles and never use their real names. As a result, their handles are twisted into every conceivable alliteration to insult him: "residuum" can become "residumb" or "rectum", for example.
The Stink-Bombers - Every company that has had an up-and-down history has made a few enemies - either people who lost a lot of money on the stock or who were offended by management. These unpaid bashers take a gleeful pleasure in every bit of adverse news, every dip, every critical comment, every low-volume day. They also toss insulting and fabricated posts, often very personal in nature, in the middle of the room for maximum effect. They love the hatred and the insults that come soon after, as sure as the sun rising in the east.
The Flame-Throwers are not bashers, in the sense of persistently criticizing the company or the stock, but they like to show up like masked guerillas and foul up the place with short, inflammatory, nonfactual posts whose sole purpose is to get a rise out of the regulars. Typical language is: "watch it tank now", "time to head for the exits", "the last one out the door, turn out the lights", "I'm so glad I sold much higher" etc. These guys are part of the entertainment, like the dancing girls in Vegas, but uglier.
The Drifters are not a rock group, they are a set of wishy-washy space cadets with small positions who wander in and out, depending on whether they are surfing the web or whether their bosses gave them some time off from work. They are the bit players, looking for info, advice, support, comfort and so on. Once in a while they establish a rapport with the regulars by talking about skydiving or fishing or stamp-collecting, but they are wallpaper, adding nothing to the information base on the thread. A drifter will sometimes have a funny handle and will try to force a pun connected to his moniker on the regulars: "seatofthepants", for example, is always "sittin' puckered" (even though no one is laughing at the joke), and "ladyinthehouse" will be meekly looking for "pretty news".
The Plebes are benevolent small investors who are making their first forays onto the chatboards. They are unsure of themselves and try to be brief; they are more likely to be asking questions than making statements. They are the dullest part of the tableau, the peons. Their posts are usually ignored by the regulars. There are numerous Plebes who don't even post, and they are referred to as Lurkers - that's the great, unseen audience. You might be part of it. The Court Jester is a foolish, uneducated working stiff, trying to make something of himself but ending up the object of everyone's mockery. He may not understand investing, or he may be a terrible speller, or he may be kissing up to different factions at different times - but he will look foolish no matter what he does. All the while, he tries to make a little money in the stock, with his limited resources. He is abused mercilessly, and his handle is used to rub his face in his own humiliation. For example, "Marty Dorf", a fool who actually uses his own unfortunate name, became "Farting Dork".
The Enemy, the Darth Vader of every thread, is the market maker. The paranoid culture of the chatboards feels that MM's are in the business of shorting good stocks - a foolish strategy, as anyone can figure out. No one has been able to establish how they make money by doing this and eventually losing their asses, but that doesn't prevent every thread from having a long article posted regularly about MM strategies and how they hurt investors. It has not occurred to the regulars that the MM's are nothing more than businessmen trying to make a buck. It wouldn't fit their own culture.
The CEO - Every CEO of a small company watches his company's chatboards like a hawk. Many CEO's of bulletin board companies are stock promoters at heart, and they feel they are smart enough to post or to have people post their e-mail without regard to legal liability. What they're doing of course, is outright manipulation - and, once in a while, they actually get their wrists slapped by the SEC. They hate to read the posts and not get in the fray. Predictably, they are incapable of uttering anything that is even slightly negative about their own company. Their e-mail contacts post the CEO's responses as if they were badges of honor, and they are rewarded with kudos and encouragement from the other members of the fan club. They lap up the pronouncements from Mount Olympus as if they were gospel, and they never doubt either the content or the CEO's motives.
The chatboard tragi-comedy is ready to unfold in all its glory, any time you care to drop in. The players have taken their places and they are ready to speak their lines. Let the show begin! You may not make money on your microcaps, but you can always enjoy the show for free...
My thanks to sprintcar.......
HIGHLANDER,
Gene is the one that has killed this stock. Doesn't it strike you as strange that the "meeting" was held on August 11th and about a two weeks later the stock price started to slide. Dilution?
Somebody has said that Gene reads these boards and I hope he does. That is the reason I am posting my thoughts. I want him to be aware that some of us will take a proactive stance when it comes to the company, and our investment in it.
IF I notify the SEC of my feelings, and he has done nothing wrong, the stock price will not be affected.
Whatever happens, I intend to hold my shares. I'll ride it either way. I hope it's up but that will only happen if Gene keeps his word and starts to keep his partners in the company informed. We are his partners, like it or not.
Chris
Crazylegs,
I think you will find that there has been further dilution, just not sure how much. I don't like being surprised by these things in a filing.
I'm not sure that all common shareholders have a vote on items within the certification of incorporation but I do know that other companies have notified all shareholders and requested affirmation when they have done something that is this important to the share price of their stock.
Crazylegs,
From the 10QSB;
Item 4. Submission of Matters to a Vote of Security
Holders.
On August 11, 2000, the Company had a vote of Security
Holders which approved the amendment of the Certificate of
Incorporation of the Company to increase the authorized
common shares from 150,000,000 to 1,000,000,000.
Chris
Crazylegs,
Gene, Ron and whomever else is a large shareholder and works there. A shareholders meeting should be announced and all shareholders should be notified. I wasn't and I don't think many were.
Chris
Highlander,
You trust Gene, I don't. I think he had better come out with a string of pr's next week. I'm willing to give him that much more time. I am completely unimpressed by his so called time constraints. He had enough time to call a shareholders meeting without notifying any of the shareholders that were outside the inner circle. I doubt the legality of that action but will wait one more week before I start any inquiries into that matter.
By: SamanthaNoel
Here is some of what I learned from my DD and the impressions I left with after Mr. Chairamonte was gracious enough to take my call.
The first time I called Mr. Chairamonte was not available. So I left my new cell phone #. Toward the end of the day I decided to call back as I think I left the wrong #. He then took my call. THAT IS GOOD IR IMO. The first time I called a secretary with a strong accent took my call and I could hear several people in the background. It sounded like a busy office. The second time when I got to talk to Mr. Chairamonte (he must have been near the secreatry as I got him immediatly) it was so "busy/noisy" there that he put me on hold and took my call in another room where it was quiet.
Mr. Chairamonte speaks very clearly with a deep and commanding voice. He sounds like a leader.
His mannerism during our conversation was very decisive.
I asked Mr. Chairamonte how many people Auxer employed. He said "around 60". I reiterated that I would put "60+/- employees" on my DD page and he did not object. I did not realize that we were already this big. I was guessing he would say 15 or 20 at the most.
I told him I thought the Clifton flash site was one of the best sites I have ever seen and he responded that soon you will also be able to buy phone cards from the flash site. Which to me means that they are in a state of constant betterment.
The first thing I asked and the main reason I called was to inquire if we would see an increase in the float on the next 10-Q. I was assured that I would see "nothing signifigant".
I asked if Auxer cards reached end users direct from Auxer. No. Wholesale to distributors only at this point. But there is a possibilty in the future. That to me would mean increased profits per card when it happens. I don't remember but I think he said they wholesale to around 400 dealers.
I commented that CBSmarketwatch.com showed telecom as the biggest loser in 2000 down 41% across the board. Translation--"buy low, sell high".
I commented that the investment community is always PR hungry but that I thought he was wise to hold off on them through December. Even though I want one as bad as everyone else. He replied with something to the effect of investors needing real #'s to hold on to for a good movement. Then we touched on the beating the markets were taking today.
Which brought me to ask him if we would see the expected revenue from the earlier pr's. He assured me that he has come through with his previous promises and that he WOULD CONTINUE TO COME THROUGH.
I commented that I was happy to be positioned to accumulate at these levels and he said he hoped it would not be that way for long.
I was assured also that future efforts would bring more (bigger) investors. This probably has to do with the information HIGHLANDER has already reported on.
Mr. Chairamonte's attitude filled me with confidence in my investment decision. THIS IS A REAL COMPANY PEOPLE. Given that our market cap is currently less than our anticipated Q4 gross I rate this as the best fundamentaly sound and grossly undervalued stock I have ever owned. Of course that is anticipation until real #'s are thrown in our face.
It takes guts to buy at the bottom. But that is where we are and the rewards IMO could dwarf 1,000% from these levels within just a few short quarters.
All of the above is my sole interpretation. Do your own DD before you buy. All statements are IMHO. Everything is to the best of my memory. I hope this gives some confidence to my fellow longs during this news drought. We have made a winning decision. Patience is the key to reaping our well deserved reward.
May the markets be with you,
Sammy
I've got a book, "Scam Dogs and Mo-Mo Mamas" by John Emshwiller. Pretty good. A few laughs and some insight to the "legendary" (?) internet trading characters. Look it up on Amazon to see review. If any of you would like to read it send me your address. You can click "private response" below. When you finish it you have to pass it on via this board, OK?
Chris
NITE is on the bid now. Good! eom
Thanks Highlander. I'm interested to see if there are any more surprises in the next quarterly. I will evaluate my position based on that. NITE appears to be selling shares into the float, but that remains to be proven.
Chris
Tried to post a link to this site on RB. Didn't show up. Ah well.....
Checked back and it's there now. ????
I love this "edit" feature!
Good morning. I'm through trying to post anything on RB. Let's get this board going. I know, "old habits die hard", but this place works.
Are we expecting news today? Seems to be a rumor.
Chris
Well, there isn't a catagory under OTCBB that really fits AXGI in it's present form. I have asked FM to create a "Holding Co." catagory. That fits us better at this stage.
Chris
jp rider,
Make no mistake, negative AXGI posts will be welcome here if they have a basis in fact. Let's hope there aren't any!!
This board is for an open discussion of AXGI. Spam, hype (we all know what that means, KNJAY comes to mind) or bashing ( this stock is worthless blah, blah ) will not be tolerated.
Chris
Welcome all. Think I'll set this as my home page. I hope the live chat feature catches on soon. RB was good for a long time but now....
Chris
Looks like Fatt Matt has a winner here. I think we'll all migrate over soon. Be nice to have one site that really works. Waiting for the live chat to catch on.
Chris
Welcome! RB has given in to SPAM so..... We should be able to control it on this site. AXGI UP in 2001!!
Chris
Good morning. Glad to be here. Think I'll put on some music, "The Doors", then it'll seem like home.