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No. Just needs proper filings ($$) up to date. PPS can stay where it is.
Even I don't care about that. I think the demo they are currently targeting cares a bit less about their teenagers dropping f-bombs than your average suburban private school family.
Plus it isn't a websites responsibility to parent. It's the internet. I can find pretty much anything I want with a Google search.
<positive mode> It would be nice to hold an uptick today. </positive mode>
Dated 6/22/2010 8:45am EST
> ToWhom It May Concern,
>
> The investor relations person for Indocan Resources Inc. indicated
> that there has been a letter of intent signed with GIMU regarding a
> "South African Gold" joint venture and possibly even a merger but that
> the PR for the deal is at the discretion of GIMU.
>
> Can anyone at Global Immune offer any comment on this, whether it be a
> confirmation, outright denial, or "no comment at this time"? Many IDCN
> investors are questioning the validity of the statement and if it is
> indeed false, and the GIMU name/ticker is being used without consent for
> the financial gain of another company, perhaps GIMU can shed light on
> this (mis)information.
>
> Sincerely, <name deleted>
Dear <name deleted>,
GIMU does NOT have any joint venture with anyone that is not announced to the public.
Regards,
Don Perks
I'm well aware. And then the dilution can begin over again. Not saying this will RS, but I understand where you're coming from.
I'm already in. Don't take me as your general basher. I've got my divi, I've got my shares, and I'm waiting til I'm either comfortable with the loss, or I'm surprised and take a profit. Because I hold shares doesn't mean I can't be skeptical of things said or actions of the CEO. When I got in the share structure was more to my liking. Hell, if someone shows me ANY proof that an uplisting equals a 50 bagger as the CEO clearly stated in his podcast, please prove it to me so I can dance a jig, refi my house with cash back, and walk away with my 20 million bucks.
That's if you (I) believe what he said. He lost me with the bull about the TA and the bull about naming his PPS upon uplisting.
I can walk into a used car dealership and have the salesman tell me what a great car the Yugo is. Do I take his word for it or do research myself?
I already know all of his answers. They're in the many replies which tell me to listen to the podcast (which I have 3 times now). It's the source of my questions.
I'm trying to have a discussion yet none of the supporters will comment/answer any more than "listen to the podcast". The podcast is the origin of my questions, not the answer to them.
1) gagged TA is bad regardless of how TA wants to spin it.
2) in none of my DD have I found a single blurb about a companies ability to name their own price upon uplisting. Can any of the supporters point to any document, website, example of this ever happing, aside from a RS?
3) Had the divi PR acted like the CEO said it would, we would have had a short squeeze with a PPS climb on higher volume without the precipitous drop we experienced shortly after the spike. Instead, this acted exactly like I expected:
a) print shares
b) pay artists with shares
c) PR divi
d) spike from PR
e) selloff from artists with resulting drop in PPS (no sustained PPS gains).
There is no misinformation on a gagged TA. It is a pink red flag. A huge one. The only reason to do it is to hide dilution. But hiding dilution is for our own good because we shareholders are too stupid to understand the concept of paying for talent? A CEO who speaks to shareholders as if they are 3 year olds is another pink red flag.
I'm not crying scam as others are, because there is tangible evidence that the CEO is working and moving forward with a plan. But if that plan excludes a return on MYinvestment, then I'm blaming myself because I didn't follow "pink trading 101" guidelines to not getting burned.
I don't need to call the CEO. He answered my questions in the podcast. I'm just not happy with the answers.
It's hard to tell skeptics (me included) to listen to and believe the CEO of whom they are skeptical. This is the CEO who claimed that a gagged TA is a good thing and gagging the TA was the shareholders fault.
I can show you EVERY penny trading FAQ type site that shows that a gagged TA is a bad thing. Can you show me one website that indicates that uplisting from pink to OTCBB allows the company to name it's share price?
The already paid divi shares are restricted, aren't they?
I know mine are still listed as ENTIZZ with Zecco, so I can't trade them. That might be a Zecco specific thing though.
From the sticky.
Encounter Technologies, Inc. (PINKSHEETS: ENTI) announces the Board of Directors voted to approve a 4% 2011 Annual Restricted Common Stock Dividend for shareholders. Every quarter in 2011, the shareholders of record will receive a restricted stock dividend equivalent to 1% of their recorded shareholdings.
Works for me. :)
latest as of Dec. 10 is here:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=40859
OS 7,331,348,421
Pref A outstanding: 11,135,000
Pref B outstanding: 24,757,000
Pref C : 0
Did he tell the shareholders of the the increase of OS from Sept 24 at 4.5 billion to Dec 10 at 7.3 billion?
The preferred A and B didn't change (much) in that time period. That would lead me to believe that people were paid in common stock of the close to 3 billion OS increase.
I am not a basher but I'm not a pumper either.
I still hold shares (and have for quite some time) and like the progress of the MMX but that doesn't mean I have to like the share structure, or the gagged TA. Anyone who buys a CEOs reasoning for having a gagged TA is moronic.
If that was the case, this thing would be trading a billion+ shares daily and the PPS would already be walking up.
Don't believe everything a pink CEO tells you.
I'll see if I can dig it up tomorrow. It's from my work email and I'm home today.
Deal to sell solar activated wiener cream.
I emailed the contact at GIMU the day of that announcement and he said any deals would be press released by GIMU first.
As of Dec 10, Outstanding shares of common stock was 7.33 billion. Shares of preferred A was 11,135,000. I'm not sure how they convert.
Outstanding shares of preferred B was 24,757,000. Those convert to 4 to 1 common shares which is 100 million to the 7.33. That makes 7.43 billion shares of the 10 billion AS, not including converting preferred A.
No speculating in that. Plus who knows how many preferred shares have been issues since Dec 10 to pay artists?
You don't really think that a 20 mill LOC is an open checkbook to spend up to 20 mill whenever they please (like a home equity LOC) do you? With a home equity LOC, you're putting up your house against that. And not the appraised value of your house, the value of your equity in the house.
That LOC is based on equity, revenue and shares available to pay it off. These happen all the time in pinky land, and OTC, but don't really give the company added value as they are what they are. If you get 10 credit card offers for $500 each does that make your personal value $5000 more?
I agree. I don't plan on flipping this. But if it uplists, and actually does go to a .02-.05, it'll be pretty hard to ignore the monster profit and hope it runs higher without taking a big chunk off the table. Many of us have restricted divis anyway, so even a monster run keeps me long by default.
Longs are only as long as their sale price hasn't been met. :)
Enjoy your holidays.
New is only positive if he follows up on it. He doesn't have a very good track record with that, does he? In fact, he's batting a big goose egg on following up on his PRs.
Anyone who is unsure about a company with 10bill AS, 7.3 OS and gagged TA should be unsure.
LOL. Let me know when Warren Buffet invests in ENTI.
You didn't prove me wrong at all. You asked for examples, I gave them.
Here's your revenue (note the actual revenue):
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=40844
I appreciate the civil response. Again, I'm not bashing, and I like that CEO seems to be legit in moving this thing from a typical stinky pink to a legit business. There a just a few flags that bother me. The LOC can be good but if used, it's debt plain and simple. But having 10 Billion AS, 7.35 billion OS and a gagged TA never sits well with me.
I just got burned with dilution by a stock that had Investor Relations claiming they had a non-dilution agreement with the CEO. Next thing you know, 5 billions more shares added later, and the stock ain't worth poop on a stick.
"Many would call this toxic debt." - Be specific, list case studies, examples, actual individuals, etc.to back up your claim:
IDCN, SSWC to name a couple. They've got big time debt, credit to be paid, and it's evident when you see a few hundred million shares traded in a day and the PPS sits still. You can do your DD on that. LOCs in pinks is a scary proposition. I'm only wrong when I'm proven wrong.
"How does ENTI pay back any money pulled from the LOC? " -This is an easy one: With revenues.
There is no revenue right now, as it's all going to pay for website development, paying Britto, paying the "talent", paying the lawyers for the uplisting, etc. Do you think this stuff is free? There are a finite (though shitton of) shares to pay for this stuff. Any revenue is also going to pay for stuff.
"or by selling shares...-" Listen to most recent podcast for this answer.
I listened to the podcast. It all sounds great. <sarcasm>Investors were dying to get shares after the podcast.</sarcasm>
I find it funny that if anyone has anything non-pumping to say, they're discounted as being a basher. I'm just telling it like it is in my experience with quite a few pennies and the posters who pump them.
And to help you with your DD, SSWC uplisted, has an ungagged TA, a similar share structure to ENTI, a CEO that does great interviews/podcasts, sells product, and still has a stagnant PPS.
"but to think this will go to pennies with an uplisting and the current share structure is ridiculous. I hope I'm wrong." -- Your hope is fulfilled, you ARE WRONG.
How so? It's not uplisted yet. And the PPS is still where it's been for quite some time. Lower actually.
Does he need broker support to figure out the math on the reverse split and to handle share reduction when this happens?
The problem is he had to focus and deliver ONE THING that makes money to get the ball rolling, or sentiment on this will be where it is now. I want the chargers at Walmart. I want a deal on the bandages with a major manufacturer. I don't want pipe dreams of solar powered cars. Focus Ken, focus. It's time for the company to make some money.
20 mill LOC doesn't inherently make the company PPS better. Many would call this toxic debt. How does ENTI pay back any money pulled from the LOC? Either by using earnings which we will still have no idea what those are, or by selling shares. What do investors think about ENTI selling shares? What are the terms of this LOC? Interest rate?
Look, I've got a decent position here, but to think this will go to pennies with an uplisting and the current share structure is ridiculous. I hope I'm wrong.
Why? As I've said before, I'm in another pink with similar share structure and potential that recently uplisted, does not have a gagged TA, paid for L2 at otcmarkets.com etc, and did no such thing (regarding naming it's share price). And the PPS didn't rise going into the uplisting either. So you're going to have to back that up with an example or you're speculating just as I am.
That's why I'm skeptical on what he said. If this uplists and they start it at .02-.05, there will be a huge dump and this thing drops like a dead balloon as everyone makes bank. He said the MM has to maintain that price for a week and then the stock starts at that price. I don't get that part of it. It won't sustain that price for a week because everyone will be taking mega profits. So what happens next?
Shouldn't take that long. Didn't take that long for another I'm in after the paperwork was submitted. Could be delayed with the holidays a couple weeks though.
Good thing about the podcast is the artists are being paid in shares, not by the company selling shares and paying artists straight up. That means it behooves them (artists and company alike) to get the PPS up.
Not necessarily. I have another pinkie that just uplisted and the PPS is stagnant. Not as much actual content to drive up PPS but the uplisting in and of itself does not raise PPS.
I like that he's pushing for it too. Hopefully he'll give us free L2 on otcmarkets.com with the uplisting.
I like that too. He's releasing PRs that are verifiable by stockholders. He seems to be the real deal as does VMGI. And he's wheeling and dealing to built the company.
Come on, Cowboy Mining TV deal announcement!
I wouldn't get too happy yet. While it's good he's working to do something with the project, a screening is a long way from a deal. This could be screened multiple times with no deal made.
Or he could attach solar panels to the sweatshirts with biodegradable bandaids.