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Large A/S portends dilution. Non-reporting makes it easier to dilute every hour on the hour and twice on the half hour.
The Kid-O
I agree with pulling your shares from $0.0001s. I put my shares up for sale at $0.0001 for about two months. Finally, I just gave up and decided to wait it out. It I get burned again by a stinky pinky, it will be my last one. So, I'm up for being a penny millionaire again even if only on paper. My first penny fortune was stolen due to Restricted Shares of Paivis (PAVC). My second penny fortune is still tied up at Ariel Way (AWYI). I was able to get my shares of MetroSpaces (MSPC) placed back on bid after complaining to the SEC. After which, I sold my shares at a loss before the R/S price dropped. Sylios (UNGS) is my third and final penny fortune bid.
Wayne is priming the pump. Let's go UNGS. There's oil in that there ground. Load the boat folks. This voyage is about to set sail from the marina in Florida to the water just found on Mars. To Mars!!!
Just trying to pump and dump my shares by placing day orders at $0.0001. Day orders in case it does take off, so I don't sell my junk shares too cheap.
Sylios Corp. (UNGS) filed Form 15 with the SEC on 4/16/12 (see link: http://ir.sylios.com/all-sec-filings?form_type=15-15D#document-2794-0001013762-12-000855).
The reason is because of Rule 12h-3 that stipulates (see link: http://www.omm.com/new-sec-guidance-regarding-the-suspension-of-exchange-act-reporting-03-23-2010/):
An issuer may suspend its filing obligations under Rule 12h-3 by filing a certification of termination on Form 15 if it meets the following requirements at the time it files the Form 15:
...
fewer than 300 record holders of the registered class of securities (the “Record holder Only Test”);...
The 4/16/12 filing by UNGS, using the number of holders test, showed 248. I would be willing to bet all of my untradeable shares that UNGS has over 300 record holders today. If this is the case, UNGS has run afoul of the SEC vis-a-vis DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Can the ultimate DD person on this board confirm number of holders of UNGS?
I encourage everyone to sign up for news from this company. Getting ready to take off! To the moon!!!
http://ir.sylios.com/email-alerts
Just practicing my pump for when the shares start trading again. How did I do?
I caught that $0.00001 price when calculating my portfolio value. Nice catch on same volume as yesterday. So, we are looking at $4.74 trades for each day? Incredible! $UNGS, Manipulate Much?
HO::~00525199~::HO
Dear Mr. Williams:
Thank you for contacting the U.S.
Securities and Exchange Commission (SEC).
Your complaint regarding
Metrospaces Inc. has been sent to the SEC?s Office of Investor Education and
Advocacy (OIEA). OIEA processes many comments from individual investors and
others. We keep records of the correspondence we receive in a searchable
database that SEC staff may make use of in inspections, examinations, and
investigations. In addition, some of the correspondence we receive is referred
to other SEC offices and divisions for their review. If they have any questions
or wish to respond directly to your comments, they will contact you.
For
more information regarding investing in microcap stocks, please see our Investor
Publication on Microcap Stocks available here:
http://www.sec.gov/investor/pubs/microcapstock.htm.
Thank you for
communicating your views.
Sincerely,
David Cohen
Attorney
Office of
Investor Education and Advocacy
U.S. Securities and Exchange
Commission
(800)
732-0330
www.sec.gov
www.investor.gov
www.twitter.com/SEC_Investor_Ed
File
Attachment:
Correspondent Name: Mr. Robert Williams
Create Date: 2015-08-24
17:47:13
Origin: Web
File #: HO::~00525199~::HO
Description:
This is a
complaint on illiquidity in the penny stock I purchased under the symbol: MSPC.
The company address according to Reuters is: Metrospaces Inc 888 Brickell Key Dr
Apt 1102 MIAMI FL 33131-2664 P: +1305.6000407 F: +1302.6583694 For many months,
this stock has failed to trade to allow me to take a loss in this investment and
move on. To further support my complaint that there may be an intent to defraud
investors is the private placement by Metrospaces for another $10,000,000 from
accrediated investors found here:
http://www.theocmx.com/project/metrospaces-inc/ Please assist me in motivating
Metrospaces to treat its investors with respect or face delisting. Regards,
Robert E. Williams
sec.TPLGC
ref:_00D30JxQy._500a0x7cwX:ref
What is the point of no trades on this stock? This is the reason Pennies stink. UNGS is my last Stinky Pinky until I get rich and don't care anymore. Until then, my $UNGS shares are for sale at $0.0001. Just venting, probably need to cancel that GTC order again. Drats.
No trades today really unusual. Prior days seemed to suggest accumulation at 0.0001s. Long and looking to exit.
Thanks for info. I read about PR and thought it happened already. Now, I'm up-to-date.
Hello,
I'm a new long. $250,000 amounts to 1,250,000,000 shares. If they started buying the shares, the pps increase would cut that to about half or 600,000,000 shares. Any other good things from Annual Report? I'm going to look for it now.
I found this stock while looking for an Options play.
US Ticker is: GAIMF for this Canadian company.
This was an interesting story I found today:
TORONTO, ONTARIO, Apr 17, 2015 (Marketwired via COMTEX) -- DealNet Capital Corp. ("DealNet" or the "Company") (cse:DLS) today announced, in accordance with the terms of the Company's stock option plan, the issuance of an aggregate of 1,950,000 stock options to officers, employees and consultants of the Company. The options will vest over two years and will be exercisable for a period of three years at an exercise price of $0.23 per stock options.
About DealNet Capital Corp.
Dealnet Capital Corp. focuses on two key vertical markets, Consumer Engagement and Consumer Finance. Through acquisitions, the Company has become a leader in the Consumer Engagement space helping their corporate customers 'speak' to their consumers the way they want to be spoken to using live Voice, Chat, Text, Email and Proximity based engagement solutions. The Company has leveraged its engagement business to offer home improvement financing solutions to consumers, which offer attractive yields and low default rates. The Company continues to seek acquisitions in these key markets.
ON BEHALF OF DEALNET CAPITAL CORP.
For additional information please visit www.sedar.com.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Where are we now? It has been over a year since this letter was published. Is Ariel Way still a going concern?
No post in nearly one year. Any update on escrow?
It has been nearly 2 years since the last shareholder letter. Are we there yet, Arne?
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=11969217
I'm out of this one for now. Glad you are enjoying the PPS jump. I haven't decided whether or when to re- enter. Good luck to you.
Thanks for sharing. In the past, outperform is code for you should have taken some profits, the price of this stock is getting ready to drop.
Thanks for sentiment. I like this company, but I just sold all of my shares yesterday. I'm not sure why a company with such great products doesn't translate into superior stock performance. I'm out for now. I may come back in at a lower price. I made a few bucks after being under water for too long. Got out while gettin' was good. GLTA.
Thanks for the tip.
Thank you for this update. Although this is clearly progress in the SEC case with Yorkville, it has never been clear to me that Ariel Way is directly involved. I can see an indirect involvement, in that Yorkville apparent had some financial dealings with Ariel Way that might be considered unsavory.
Thanks for info. That was nice how much information was found. I like the Secretary of State info too.
Good call. Thanks for info.
Bit and sticky corns to be exact.
Last trade of 1 share at 1 cent makes the point.
How does that work? What am I missing?
I like this brand. I will likely buy in the next 30 days.
Too bad people are saying this stock is a scam. It seems the products in the website would justify big board listing.
I didn't know this company owned so many of the amusement parks my family frequents. I love the brands and I will likely invest in SEAS in the new year.
Let's cooperate in getting more posts on our boards. Mine is Cedar Fair Entertainment Company LP (FUN). Some of you may already be investors in Cedar Point Amusement Parks: http://investorshub.advfn.com/Cedar-Fair-Entertainment-Company-LP-FUN-26533/
Ensure to read the Info Box as this stock is not an equity.
I need to learn how to publicize my board.
My order was filled today. I look forward to adding more in the future.
Is there any potential for this ticker?
As someone who is not long Apple, I will take a guess. I believe Apple P/E is a more accurate reflection of expected earnings than others that have inflation on the price side and deflation on earnings side of the equation. This pushes their P/ E to unusually high values. At the time I wanted to buy Apple, I thought $200 was too much for the stock. At the time, I thought I couldn't afford it. I know more about stock than I did then. And, I have more money. Since that time, I thought $400 was too much to spend for Apple. Even though it went to $600 from there, it came back down too. As a Apple watcher, I have noticed the products being sold year by year too. In my opinion, there are no new products but more people who aren't Apple owners already may fill in the gap. That said, earnings will probably be flat or only slightly more than expected. I will probably wait until the PPS is around $250 before I consider buying it again.
Thanks for sharing this info. It seems NTEK pays a majority of its bills with stock. To their credit, the Restricted Legend consists of terms of redemption. Unfortunately, we don't know those terms. For the record, these shares are similar to warrants and don't necessarily represent dilution. If we take thus practice to its logical conclusion, NTEK has to create more shares in order to have a ready supply of shares to pay future bills. If NTEK does multiple forward splits, it can keep this practice up indefinitely. The audited financials that we, who own unrestricted shares of NTEK, are promised in 2014 should have the details of restricted shares. Alternately, the Transfer Agent (TA) may be un-gagged and provide those details. Also, the TA has a role in converting the restricted shares or removing the restricted legend at some cost to holders of those shares.
My understanding of warrants is that it isn't necessarily dilution because the company received some benefit, money or services, in the past and issued warrants as a promissory note of sorts. The persons or entities that have the warrants understand that they may receive the promised benefit; more or less. The more or less piece is actually a result that could take place and the time of redemption literally more or less. And, sometimes "less" means you lose the full value of the warrant, if the payoff conditions were not met. Dilution is something altogether different. There may or may not have been a benefit and the shares are taken or created out of thin air multiple times. This is often what takes place when a company doesn't provide or stops providing audited financial statements.
I sent a request. Thanks.
Thanks for info. I haven't considered using another search engine besides Google. I will try using TagLikeMe. I noticed there are some compatibility issues unless you use the Apple apps or Internet Explorer.