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one buy + one sell = a TRADE
there is no such thing as "all buys" or "all sells"
If there is a large bidder and a large seller, the two of them meet to conduct the transaction.
Today, its obvious that NIR group is converting more debt to equity, and as long as there are traders on the bid, he will convert the CD into common and distribute
Blocks and blocks are being sold at .0001 (most likely Ribotsky's NIR group converting more shares). Remember, they do not care as to what price the bid is at, to convert. They just need to convert. PERIOD.
Filled a bunch today at .0001
Spin that wheel....
asdgwest - in response to your query concerning the deletion of "certain" posts on this forum, while others remain:
Although i am board moderator, and have the ability to remove offensive and off topic posts, I have never removed yours. In fact, in my entire history of moderating this forum, I think i may have removed 2 posts. One was for offensive language, and another was for off topic.
I have the ability to wade thru the removed posts (these had been removed by I-Hub Administration, at the request of whomever it was you may have referenced or offended).
I have no role in this, so please understand.
This post is ON TOPIC as it relates to this forum's rules and moderation over such.
You've "read" that some investors have finally filed complaints against these crooks?
I'd love to read (reed) what you read (red), so feel free to post a link to wherever you received the information, so this forum can be more informed
Thank you, and again - thank you for your participation on the SSHS forum
Smilin
Did someone here say SSHS was going to zero bid?
I didnt.
I believe i used the terms "if".
Huge difference between "is going" and "if it goes".
I, for one, do not feel SSHS will go to zero bid. It serves no purpose to the company and especially to the servicing of NIR group's debt.
It would be interesting to see, however - and wouldnt phase me in the least.
You shouldnt worry about it either right?
Again, thank you for your participation on this forum, and good luck to you on all of your trades.
Going to pick up a few more shares here at .0002 as a lotto play (and to also get my average down a bit).
I dont mind tossing more money at Safeguard here.
The contracts are real. The money generated by those contracts is real.
My losses if this goes to zero bid, will also be real.
I dont have to post any of this - yet i do. So there will be no need for "anyone" to post anything sarcastic.
This is the position I've consciously chosen to take at this point in time.
If it goes to zero and ceases to exist, my life doesnt skip one single beat.
Liable, you are hereby implying that Safeguard Security Holdings is lying about the contracts they are signing? Are you stating that they are fictitious, and the businesses SSHS says are signing these multi million dollar contracts with, are unaware of these PR's and that SSHS is manipulating and falsifying to sell stock to service their debts with NIR group?
Your statement,and I quote: "SSHS is on the Pinks where press releases are composed for the sole purpose of selling stock" implies that the PR's released are in fact not true, and exist soley to attract buyers to service Safeguard's debt with NIR group.
I just wanted further clarification of your statement, because it is a bold one to state that the press releases are composed for the sole purpose of selling stock.
What information would you like to share with this forum to substantiate the claim you made above? We welcome everyone's opinion here on the forum, and yours is no exception.
Good luck on your trades.
Smilin
If one were wishing to "stimulate" the management team at Safeguard Security to service their own debt to NIR group, sans using the equity markets to do so, then the answer is quite simple.
Dont place a BID on the stock. If all bids were removed, then it will go to a ZERO BID and NIR group will have no one to sell his shares to, once he converts.
Reverse split or not. Zero bid is zero bid.
Short of this occuring, it appears management at SSHS has no other alternatives to satisfy the debt to Corey Ribotsky.
At least thats my take.
disclaimer: i am at a loss on the shares i presently own, but have made 4-5x this loss in trading the equity (see earlier posts for verification)
also, i could truly care less if this goes ZERO bid. I'd personally like to see what Safeguard does then when Corey Ribotsky converts then looks to management with his hand out. He'd be not so smart to accept more diluted shares, if there truly is no bid to support his selling.
Just my .02
My opinion on this company has not changed. It is a trading vehicle for me and, in that regard, has served me quite well. The cash generating contracts being signed are indeed real, and from what i can make of it, Safeguard Security is more focused on expanding the core business then it is in making shareholders happy.
Welcome to Business 101
One step ahead of you. CLRH's response to my email:
RE: Susan U - please respond to ClearLite Holdings shareholder concerns?
From: Investor Relations (susan@clearlite.com)
Sent: Tue 6/15/10 4:58 PM
Dear xxxxxx
We are not able to disclose the chain just yet. As soon as we have the green light, we will let the shareholders know.
Susan
--------------------------------------------------------------------------------
Sent: Tuesday, June 15, 2010 09:12 AM
To: susan@clearlite.com
Subject: Susan U - please respond to ClearLite Holdings shareholder concerns
Dear Susan U,
It has been quite some time and we have not received any typr of update from ClearLite Holdings concerning the ArmorLite rollout into a large national chain. We are in the middle of June and i do believe the rollout was to be performed by now, and shareholders privided with an update. Our shareprice has gone from the $1.70 level to .07 in just under 2 months time. Does this sit well with management or yourself? I do realize that you are an external investor relations dept and most likely are unconcerned with the day to day price fluctuations of the trading shares of CLRH - but we are. This is terrible. When will management be updating its shareholders? Please notify them that we would like to have some type of press release or a conference call to have our questions answered.
Please respond to this email
Safeguard's PBS Unit Subscribes Ben E. Keith Company
Press Release Source: Safeguard Security Holdings, Inc. On Tuesday June 15, 2010, 9:30 am EDT
DALLAS--(BUSINESS WIRE)--Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate, industrial and residential security solutions, announces today that its subsidiary, PBS (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.PBS-USA.com&esheet=6328277&lan=en-US&anchor=www.PBS-USA.com&index=2&md5=08ad4ebbb6c879266c9c515e3e0b568c), subscribes Ben E. Keith Company (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.benekeith.com&esheet=6328277&lan=en-US&anchor=www.benekeith.com&index=3&md5=d110c439a67f16312f566d7ffb9a1c5d) to its web-based ‘insta-check’ and comprehensive background investigations services group.
Headquartered in Fort Worth, Texas, Ben E. Keith is a distributor of food service products and Anheuser-Busch products. The company was founded in 1906 as Harkrider and Morrison. The company assumed its current name in 1931. The Food Division supplies a full line of produce, frozen foods, meats, dry groceries, refrigerated foods, paper goods, equipment and supplies to restaurants, hospitals, schools, nursing homes and other institutional businesses. The independent Beverage Division known for its distribution of Budweiser Anheuser-Busch products as well as many well recognized craft and import brands including Real Ale, Dogfish, Stone, Sierra Nevada, Paulaner, Sapporo, Asahi, and many more. Additionally, Ben E. Keith sells a variety of wines including Solemar, Black Oak, Le Baron Ranch, and 1221. The foodservice division serves eleven states throughout the US and the beverage division delivers Anheuser Busch products to 61 Texas counties and statewide distribution for most craft and import brands. Combined, the company employs over 3500 people.
Debbie Steward, Corporate Administrative Safety Manager for Ben E. Keith Company, stated, “I am very happy with our service from PBS!”
Laurie Foley, Director, Business Development for PBS, stated, “We are delighted to have subscribed the Ben E. Keith Company to our growing family of clients. They are currently using our CDLIS (Commercial Driver’s License Information System) reports for their delivery personnel (drivers), and are they are very pleased with our system and its features.” Foley added, “We continue to add different verticals to our inventory of clients and have been exceeding our projected sales volume for this quarter and we see that trend continuing. Our system and services stand out amongst the competition as we continue to gain market-share throughout the US.”
Why do you all keep asking the same questions? Please read the yellow sticky post above labeled "TO ALL" and your questions will be answered. Take the time to read the information and you wont be so in the dark. That's why the info was posted, so the same questions dont have to be asked/answered in person.
Safeguard Continues Preparation for Nuclear Security Market
Last update: 6/9/2010 9:30:01 AMDALLAS, Jun 09, 2010 (BUSINESS WIRE) -- Safeguard Security Holdings, Inc. (SSHS), a provider of corporate, industrial and residential security solutions, announces today that its subsidiary, SYSTEMSgroup Protective Service, has received approval from its insurance carrier to proceed with its nuclear security program. R. Michael Lagow, CEO for Safeguard, stated, "SYSTEMSgroup's nuclear division provides services to nuclear power generation companies, large chemical and petrochemical companies that face government regulations requiring Chemical Facility Anti-Terrorism Standards (CFATS). In order to receive coverage from any insurance provider in this venue, a company must have an excellent claims record. Without a doubt, our training curriculum distributed through our in-house training academy has helped us maintain an excellent claims record with our insurance carrier for several years past." Lagow added, "Some of our team members were involved early on with the TVA (Tennessee Valley Authority) nuclear facilities, and that experience carries through our organization today. Our team's historical expertise, combined with our current power utility experience, helps to mold our security team for today's nuclear security program. And with the latest addition to our team, Twenty-first Century Armor Solutions, we are able to take the protection we provide to a whole new level with blast and ballistic protection by providing ballistic glass, safe buildings, ballistic barriers, body armor and fully armored vehicles." Shelly Anderson, Vice President of Operations, stated, "The projected revenues generated from this division can double the size of the company in the near term." Anderson also stated, "The investment to enter the nuclear market is significant, but the return on investment is considerable as well and we are excited to be able to provide this level of security to our end-users."
Have you yet to read this forum's yellow sticky above that says: TO ALL ???
Explains the dilutive activity of NIR Group/Corey Ribotsky (the sole reasons SSHS stock never has a meaningful reversal in pps)
I am long SSHS
Safeguard Business Unit Begins Work with Natural Gas Distributor
Tuesday June 8, 2010, 9:30 am EDT
DALLAS--(BUSINESS WIRE)--Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate, industrial and residential security solutions, announces today that its subsidiary, SYSTEMSgroup Protective Service, has expanded its services to one of the nation’s largest natural gas distribution companies.
Max W. Cook, P.E., Vice President of Engineering for Safeguard, stated, “SYSTEMSgroup Protective Services will begin work this month developing an emergency response plan under the guidelines of the Homeland Security initiative for our new natural gas client. We see an emerging market in ‘business continuity’ programs throughout the energy market to include natural gas utility companies and petro-chemical facilities. Energy companies are facing mandates to be in compliance under the guidelines of new government regulations requiring Chemical Facility Anti-Terrorism Standards (CFATS).” Cook added, “Based on our findings, we provide energy clients with integrated solutions that include security staffing, security protection technologies, remote video monitoring, design and engineering of the overall security initiative.”
R. Michael Lagow, CEO for Safeguard, stated, “This segment of our business is slated to produce an additional $2 million in this fiscal year with 10% pre-tax profits to our bottom-line. We have matured our relationships in the energy sector and our potential for significant growth is substantial.” Lagow added, “For security reasons and confidentiality purposes, we are restricted from releasing the name of our client at this time.”
Safeguard Obtains Distribution for Latin America for Armored Products
Press Release Source: Safeguard Security Holdings, Inc. On Monday June 7, 2010, 9:30 am
DALLAS--(BUSINESS WIRE)--Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate, industrial and residential security solutions, announces today that its subsidiary, SYSTEMSgroup Technologies, has signed distribution rights for Latin America, distributing a full line of armored solutions, including production fabrication of glass, steel, composite, ceramics and armored vehicles.
SYSTEMSgroup Technologies has entered into an agreement with its teaming partner, Twenty-first Century Armor Solutions, distributing a full line of armored products to include armored vehicles, transparent armoring and opaque armoring products, providing services to Latin America. The product mix includes ballistic glass for commercial and residential structures, ballistic auto glass, and customized laminated glass with various ballistic ratings.
R. Michael Lagow, CEO for Safeguard, stated, “Last month, we announced that we were entering into the armored products market and we received a lot of media attention concerning this announcement. On Wednesday of last week, Security Systems News sent Dan Gelinas, Associate Editor, to our office to cover the story (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.securitysystemsnews.com%2Fblogsm&esheet=6317685&lan=en_US&anchor=www.securitysystemsnews.com%2Fblogsm&index=2&md5=dcd54828bbedd93dbe25f327cfb713ab). Jim Gang, Principle and Director of Business Development for Twenty-first Century Armor Solutions, and our senior management team, were still hammering out the final details for the Latin America territory during Mr. Gelinas visit. By close of business on Friday, we agreed on the proposed distribution model and marketing plan.” Lagow added, “This is a significant revenue stream for Safeguard, and provides another layer of protection for our clients there. With the addition of the Latin America territory to our distribution channel and once the business line is matured, this will add approximately $12 million per year to our revenue stream, generating a 10% pre-tax profit to our bottom-line.”
About Safeguard: (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.safeguardsecurityholdings.com&esheet=6317685&lan=en_US&anchor=www.safeguardsecurityholdings.com&index=3&md5=e49af9b14cc5db6ffe7e0f8cfeea9379)
Safeguard is a fully integrated sole-source security solutions provider offering a converged suite of physical and electronic services through its operating subsidiaries. It provides corporate, government and residential clients with a broad array of security services ranging from highly trained armed and unarmed guards, security management staffing, and security staff outsourcing, to installation and maintenance of integrated electronic security solutions, background investigations, video monitoring, and specialized consulting services as may be required to support the varying security needs of its clients. The Company is organized along three distinct lines of business - Technical Systems, Security Personnel and Security Outsourcing Solutions. All operations are directed from its offices in Dallas, Texas and house the following business subsidiaries: Acquient Security Consulting, Inc., Premier Background Search, Inc. (PBS), SGI Protective Services, SEARCHglobal, Inc., Secure Concepts International, Inc., SYSTEMSgroup, Inc., SYSTEMSgroup Protective Services, SYSTEMSgroup Technologies and SYSTEMSgroup Global.
Just sold 20k EVPH .085 from .05 and .055 entry earlier
picked up shares today at .05 and .055 when a nervous seller hit the bid.
I plan on selling these shares today or tomorrow for +20% or so
Yes, the same thing i was informed in January liable.
Do I still think the company is the source for facts?
Yes
Are you the source for facts?
Please indicate so, so that i may add you to this forum's I-box as a contact for shareholders.
Thankyou.
And thank you for your participation on this forum.
Good luck on your trades
Is your question concerning when the company will report financials?
If so, then my only "update" to my "opinion" would be that I was informed the delay has been in consolidating all the subsidiary statements into a Safeguard statement. I was informed that this should be accomplished in June.
Thank you for your concern Liable, and best of luck to you on your trades.
taking a starter position here at .12/share (total lottery play on the large retail chain announcement)
Thanks to all the board participants that sent me private email thanking me for posting some DD on CLRH. As a "free" member here at the Hub, im unable to reply in private - so that is why you all have not received my response.
Keep up the good work here. This forum appears very well educated now.
Continue to call the company and Investor Relations. Demand an explanation. Put some pressure on them and you will see a PR shortly explaining things, and hopefully the shareprice will have a violent move to the upside.
If anyone were interested in contacting INVESTOR RELATIONS directly, I can provide that information for you right now. But, I emplore that you call and have your questions answered sufficiently so we can all work to isolate if this company has viability going forward.
Her name is Susan U
Corporate Evolutions Inc
111 Great Neck Rd, Ste 300
Great Neck, NY 11021-5403
(516) 482-0155
Feel free to call that number and ask for her. She will be more than happy to answer any/all questions you may have concerning why CLRH's shareprice fell and what the company is planning to do to reverse this course of action to enhance shareholder value.
Again, that number is (516) 482-0155
Feel free to continue contacting the company themselves and leave as many voice mails as you feel necessary to get your point across. 561-544-6966
Sure I can pick up a phone and call Michael Gelmon whenever I wish. He answers the phone. He answers all questions. Every single one.
I find it odd that others keep asking others if they were able to get a hold of him. Wouldnt it be wonderful if "others" made phone calls as well, and shared what they found out?
I've spoken with the gentleman a myriad of times and am comfortable with what i've been told. I've shared that information here on the forum. There is nothing I can do to stop the Ribotsky dilution machine from continuing, nor is there anything "the Gelmon Bros" can do other than pay Ribotsky off out of the revenue generated cash that may be available. From what I understand, SSHS has "chosen" to utilize its cash for salaries, aquisitions, and working capital.
Imo, they have no intention on servicing their debts with Ribotsky, as long as this stock has a bid and investors/traders willing to absorb the convertible stock.
Again, this is just common sense, and AGAIN - as new information is received by me, thought processes too evolve and I've chosen to take a backseat approach, having not purchased any shares in months. I dont get in the way of a moving train. I've made my money here, and have done considerably well in trading SSHS.
I am currently at a loss on my holdings from the .002 level but its of little significance to me, as im trading other securities to offset them.
I suggest that if you wish to find out if anyone has heard from Michael Gelmon, you can do one better - and call him.
The numbers are posted within the I-box
Good luck on your trades!
That depends entirely on how the company wishes to proceed in attemtping to calm it's shareholders. Clearly the only individuals that have profited from the omminous downdraft, are the restricted stock holders from .30/share, and those that are trading the volatile bounces.
But from here (the .13 - .15 area), there appears to be a leveling off/basing/neutrality going on.
Those that were short hundreds of thousands of shares from $1.70's down to say .50's can easily cover those positions without causing much notice if they do so slowly.
Without a news catalyst, CLRH will just trade sideways to down as even the most recent longs from the .15 level - begin to turn impatient.
It's ENTIRELY up to the company at this stage, to issue clarification that business is indeed intact and viable.
Without this, it will merely linger.
Contact Susan U for more information (516) 482-0155
Simply phone Susan U (CLRH's ir contact) at (516) 482-0155
susan@clearlite.com (but she does not respond to emails it seems, from my experience) - so feel free to call her at the above number to have your questions answered.
Yes and provide some type of physical proof that the transfer agent is gagged, so that i can add it to the I-Box (where everything else is factual and a matter of public record) - thanks
TO ALL ON THE CLRH FORUM - Please Read:
To those who are unaware of why CLRH sold off, may I suggest you do some due diligence on why it RAN UP AS HIGH AS IT DID TO BEGIN WITH.
The following link is the online/mailer promotion that was sent out prior to the runup in price per share.
http://www.topmarkettimer.com/
Once you read it, you will clearly understand that this promotion attracted a great deal of investor attention, and buyside pressure.
Why was the mailer/promotion issued?
Well a year ago on April 20, 2009 CLRH went public via a reverse merger. Those original shareholders were issued RESTRICTED STOCK (Warrants) that were convertible into COMMON STOCK at .30/share. The restriction was that they had to wait a full year prior to being allowed to convert the warrants into common stock and sell them into the open market.
So what happened?
The mailer/promotion went into full swing, and the stock started rising - and rising - aaaand rising, until, you guessed it, --- the day of the restricted stock expirey.
"April 20th marked the year anniversary of the Company going public via a reverse merger and this has enabled original shareholders holding restricted stock to begin to diversify their portfolios by selling a portion of their shares" - Susan U (investor relations for CLRH)
A "portion" of their shares? By the looks of this chart, I'd say the restricted shareholders from .30 sold a bit more than a "portion".
http://stockcharts.com/h-sc/ui?s=clrh
The stock literally fell from $1.76 to I believe .80 in one session (keep in mind, the restricted holders were still at a huge profit, so they continued to convert their warrants into common, and sold, sold , sold CLRH down over the next several days of the collapse)
You can see from looking at the chart, and using common sense, that one would assume .30 would have been the BOTTOM. After all, thats where the restricted holders were at break even yes? Why would they sell even lower than that, at a loss - after having held the stock for a year.
What i believe happened is that they sold as much as they were comfortable with, but that a sizeable short position was being taken at the same time by professional short sellers that feed upon this type of panic. Some say Timmothy Sykes was involved, (you can read his comments on why CLRH tanked, here: http://www.timothysykes.com/2010/04/courtney-smith-promotes-a-ups-box-based-company-is-to-blame-for-this-stock-collapse/
- while others say the sell pressure may have been sparked by the warrant holders from .30 then a domino effect from panic stricken sellers that got caught up in higher prices due to the promotion/mailer issued by paid stock promoter Courtney Smith. Allegedly this individual received $492,633 for the mailer, according to sources from the Timmothy Sykes blog.
It also doesnt help when Mr. Sykes exposes that Clear-Lite's mailing address (he terms it incorrectly as "their headquarters")-was literally The UPS Store at 102 N.E. 2nd St - Boca Raton, FL 33432.
Again, the link is here: http://www.timothysykes.com/2010/04/courtney-smith-promotes-a-ups-box-based-company-is-to-blame-for-this-stock-collapse/
Timmothy Sykes does say that he has yet to find shares of CLRH to short, so I'm not so certain he imself is to blame for the ADDITIONAL downdraft in the shareprice of CLRH.
I've noticed that most folks here on the CLRH forum, are not speaking much about the company's FUNDAMENTALS. It seems many are merely chartists looking for a bounce so they can scalp the shares for a fast profit.
Have any of you bothered to contact Investor Relations?
Some of you may have received an email from Susan U (investor relations contact)
That email goes as follows
*********************************************************
From: Investor Relations (susan@clearlite.com)
Sent: Wed 4/21/10 4:56pm
Dear ____:
As a public company, our stock price is subjected to fluctuation due to a variety of market factors that cannot be readily predicted nor controlled by the Company. April 20th marked the year anniversary of the Company going public via a reverse merger and this has enabled original shareholders holding restricted stock to begin to diversify their portfolios by selling a portion of their shares. With that said, the Company is committed to building the business and increasing awareness of our ArmorLiteTM products and other lighting products to the general public; therefore enhancing shareholder value. We will continue to communicate with our shareholders through company issued press releases as corporate developments occur. We thank you for your support as a shareholder.
Susan U
Investor Relations
Clear-Lite Holdings, Inc.
*******************************************************
I'm sure that many of you may have written to Susan U, but did not receive a response back.
I'm also certain that many of you tried calling the phone number Clear-Lite has listed on their corporate website
561-544-6966
Im also fairly certain that it just rings then goes to voice mail. None of your messages get answered. There are no return phone calls from the company or its managing members.
Well, if anyone were interested in contacting INVESTOR RELATIONS directly, I can provide that information for you right now. But, I emplore that you call and have your questions answered sufficiently so we can all work to isolate if this company has viability going forward.
Her name is Susan U
Corporate Evolutions Inc
111 Great Neck Rd, Ste 300
Great Neck, NY 11021-5403
(516) 482-0155
Feel free to call that number and ask for her. She will be more than happy to answer any/all questions you may have concerning why CLRH's shareprice fell and what the company is planning to do to reverse this course of action to enhance shareholder value.
Again, that number is (516) 482-0155
Feel free to continue contacting the company themselves and leave as many voice mails as you feel necessary to get your point across. 561-544-6966
I've traded nearly every bounce in this on the way down, and today took a small position, as i feel it is extremely oversold
(-50% from the warrant conversion price), and i'd imagine it has 50 - 150% upside from current levels over the short term.
As you must already realize, tuesday May 11th, the company issued a PR stating there will be a "test market launch of its patent-pending ArmorLite™ SAFETY ECO CFL™ product line in a U.S. national retail chain planned for 30 of their locations at the end of the month"
Furthermore, "We believe this test market launch of the ArmorLite product, in a very popular nationwide chain will prove to be a catalyst to a successful rollout of the ArmorLite brand and product through other retail locations as we help provide a solution to many consumers' concern about what do when a CFL breaks, A Safer CFL™," said Thomas Irvine, president and CEO of ClearLite.
A very popular nationwide chain ?????
This could be the catalyst that helps CLRH make a swift and sudden retracement of its shareprice, so I for one, am looking forward to hearing who this nationwide chain is as the month heads to a close. By that time, CLRH could have already doubled - and even then at .30/share it would not be an area where the warrant holders would consider selling, as they would still only be at break even on their shares.
If CLRH is indeed heavily shorted, then I would also imagine they would begin covering ahead of this U.S. national retail chain announcement.
Some things are just OVERSOLD, and imo I feel that we have such a scenario here in CLRH.
Nibble a little here and add if it gets cheaper, but do be prepared for some extreme volatility to the upside when things get going.
I hope I've assisted in shedding some light on the CLRH saga, and feel free to bookmark or yellow sticky this post so it may help others performing their Due Diligence on this security.
Best of luck to you all!
Smilin
The share structure IS what it is: 2,000,000,000 shares authorized and 180,000,000 shares outstanding (as of November 6, 2009)
There is no need for footnotes leading up to WHY the share structure has changed, or that it was recently increased or decreased.(Do you see this on yahoo finance et. al?)
The purpose of the I-box is to be impartial and provide the most up to date information void of conjecture.
The AS stands at 2 BILLION Shares
The OS stands at 180,000,000 until validated elsewhere (via link)that it does not.
As far as the transfer agent being gagged, that too is something that does not belong in the I-Box. Within the contents of the I-Box, you will find the transfer agent's information and phone number for contact. I have not verified that the TA is gagged, nor do I wish to contact them.
I'm comfortable with my position and my sole purpose on this forum is to post the FACTS as they are released into the public arena.
Again, I thank you for your input
Liable,
Until I or anyone else is able to factually prove what the CURRENT share structure is, the numbers I have will stand firm, as they are accurate up to the November 2009 timeframe i have specifically indicated.
To remove the date from the figure, would create deception.
To leave the date, shows what the numbers were as of that date.
If you have any figures that can be verified, I would be more than happy to update the share structure accordingly.
Thank you for your concern.
Im actually waiting on others here in the forum to contact SSHS investor relations contact Michael Gelmon, so that a well rounded concensus can be established. I've provided this forum's participants with his contact information (email and personal cell phone number)
Perhaps others can be a bit more assertive in assisting with obtaining the answers we all seek.
If you wish to speak with a human being about your SSHS concerns (like i have, and do) - feel free to speak with Michael Gelmon at the following number. He answers his phone and responds to each and every email sent his way.
Mgelmon@telusplanet.net (310-909-4607)
If you wish to get answers, because your not getting them through any other means of communication with the company's executives, then feel free to contact him. Everyone is entitled to their opinion of this gentleman of course, based upon his past history or their personal involvement investing in some of the businesses he may have been in dealings with. I am merely answering your post concerning your not hearing back from anyone internal to the company.
Again, he can be reached here:
Mgelmon@telusplanet.net (310-909-4607)
Feel free to report back what you yourself are told, so this forum can be more informed (regardless of whether or not what you are told, has any validity or truth to it).
I dont have accurate figures on this, but it's relatively safe to say that we have traded close to 1 Billion shares since the beginning of March.
That is a great deal of stock, and my thoughts are that even though the AS has been increasing to 2B shares to accomidate Corey Ribotsky's CD conversion and distribution of shares into the open market - each day of high volume and lateral to down price movement on positive, upbeat news - only means that NIR Group has continued to convert and sell shares. My point is that each day we have huge volume like today, for example 56,000,000 shares = about $450,000,000 in cash is being shuffled around, and I hope a decent amount of that cash goes into NIR (Ribotsky's) pockets. The sooner this gentleman is paid off, the better. Whether that money comes out of revenues, or by forcing the capital markets to absorb the hit (you and i) - is moot at this juncture.
Let's get this gentleman paid off, so the PPS can cease deteriorating, reverse, and hopefully begin to track our company's efforts.
Safeguard Unit Expands Pilot Program in Mexico
Press Release Source: Safeguard Security Holdings, Inc. On Tuesday April 20, 2010, 10:25 am EDT
DALLAS--(BUSINESS WIRE)--Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate, industrial and residential security solutions, announces today that its subsidiary, SYSTEMSgroup Global, has expanded its pilot program in Mexico to include highway traffic portals (intersections) as part of its camera surveillance project announced earlier this month.
Max W. Cook, P.E., Vice President of Engineering, SYSTEMSgroup Global, stated, “Our client wants to track certain traffic activity as to vehicle types, such as cargo vehicles, trucks, vans, and automobiles. We are also implementing license plate cameras on some major intersections.” Cook added, “As of last week, we have approval from our teaming partner Megacable, to utilize their fiber transmission facilities, which are located at each identified intersection, allowing a secured and economical means of video transmission. This was a critical element in being able to deliver a turnkey solution to our client.”
R. Michael Lagow, CEO for Safeguard, stated, “We are very excited about expanding the study in Mexico to include traffic surveillance as part of the overall security program. As you drive on our major highways in Texas, you see cameras in many areas. We are combining security surveillance in general public areas and traffic surveillance at major intersections into one comprehensive system.” Lagow added, “Adding the traffic surveillance system increases the overall security project to $US68 million over the three year projected implementation.”
About Safeguard: (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.safeguardsecurityholdings.com&esheet=6256701&lan=en_US&anchor=www.safeguardsecurityholdings
yes, those are my thoughts as well.
Michael Gelmon no longer responds to many shareholders that bring up the Ribotsky CD issue. If he does, its a blanket statement "Safeguard has every intention of paying down NIR Group as funds are available" - yet not a red cent has been forked over to NIR. Safeguard management will, in my opinion only, continue to issue decent sounding PR's to increase buyside volume for NIR (Ribotsky) to dilute into. Unfortunately this is how it works when you own a publicly traded company. You can either do the RIGHT THING and honor your word to pay off the CD out of free cash flow, or you can reneg on your word, and use the capital markets (you and i) to service this debt.
It's sad, but true - and should not be new news to any of us here.
I am expecting further developments however, and they will all add to the bottom line. The moment SSHS issues a PR that they are slowly paying off the NIR debt, then (and only then) will we begin to see shareprice appreciation.
Do I still think SSHS has intentions on paying down/off the Ribotsky Convertible debenture? That was your question.
At this point in time, I honestly do not think so. Michael Gelmon has repeatedly stated that their intent is to pay down the debenture out of cash generated from revenue generating contracts. SSHS has signed many yet the company has purposely chosen to NOT put any of that cash to use toward paying the CD down. This is what has many an investor/shareholder upset with SSHS management.
Basically, if YOU were a publicly traded company that owed millions of dollars in CASH to a lender, and you had some of the cash to pay the debt down, but you also had an option to allow SHAREHOLDERS THEMSELVES to pay the note down (ie. printing new shares and having Ribotsky sell those shares into the unsuspecting open market to pay himself back), then what would your decision be?
It remains obvious that R. Michael Lagow, Michael Gelman et. al has little to no stimulus or incentive to use CASH from revenue generating contracts, to pay down/off the note - as long as there are shareholders that are complacent in paying the note off for them.
What you all need to do is let your voices be heard. Shareholders need to contact the company and verbally speak with R. Michael Lagow or Michael Gelmon. Let them know that shareholders have been painfully aware of the Ribotsky note and the unecessary dilutive force it has had on the price of SSHS common stock - and that "We want answers" on why they have taken this laid back stance in allowing the capital markets to pay Ribotsky off, in stead of how our company originally intended.
The contact information you speak of is as follows (and is also within the contents of this forum's I-box. I emplore you all to click on the I-box, as well as the yellow sticky post titled "TO ALL"
Michael Lagow, CEO michael.lagow@sshsmail.com , rmlagow@aol.com, rmlagow001@aol.com (214) 922-9040
Michael Gelmon (President) Mgelmon@telusplanet.net (310-909-4607)
Aside from the above numbers to contact management directly, here are the corporate numbers:
Safeguard SecurityHoldings (214) 560-2268 (Receptionist Megan will answer) Ms. Erin Dennis can assist you.
Systems Group (214) 922-9040 and (214) 393-6990 (ask for CEO Mike Legow or Terri Heymann, H.R. Manager)
No thank you. I've been trading equities full time for the last 15 years and am pretty secure in my due diligence when it comes to these type situations.
We are here to discuss Safeguard Security Holdings, its subsidiaries and affiliates, as it pertains to ongoing revenue generating contracts that are accretive to the bottom line.
Everyone is fully aware of the Ribotsky convertible debenture and it's dilutive effect on the underlying security we are investing in.
The company is real.
The contracts are real.
The fact that Ribotsky loaned Safeguard the money they needed, at a crucial time WHEN it was needed, is also real.
The dilution that ensued after that transaction is also real, and is why the shareprice is where it is.
Everyone is aware. If they are not, then all they need to do is read the contents of this forum.
It's called due diligence.
I've done mine.
I've done extremely well trading this security and now have a position that, if the stock were to go to zero, it would not impact my life or the lives of those I support.
I am here merely to provide the facts as they are learned by me, and me alone. I do wish the discussion could shift away from Ribotsky, NIR and the hidden agenda type posts , and focus on Safeguard Security Holdings (the company), and what the COMPANY themselves is doing to advance itself, and inturn pay down the CD and move forward.
For the newbies that are on this forum, merely because the shareprice is cheap and they feel they can snatch a fast double or triple here - PLEASE READ.
And for those that already have this information, feel free to skip this.
Disclaimer: I have traded shares of SSHS for many months and have managed to do quite well. Currently I am down 50% on my latest purchase, and do not intend to add to my position until the dilution shows signs of slowing, or NIR group is paid down/off.
The individual that is selling SSHS stock into the open market is, as we all know, COREY RIBOTSKY of NIR Group. The following, by way of true example, is how the toxic dilution works, and is THE REASON why SSHS's shareprice is incapable of reversing for the time being:
Corey Ribotsky, 36, heads N.I.R. Group, a handful of Roslyn, N.Y. hedge funds with $630 million under management. His first business partner successfully sued him for stealing away their marketing and consulting firm. The florist at Ribotsky's wedding filed a $7,275 claim against him for failing to pay the bill.
So how does he do as a hedge fund manager? A Ribotsky PIPE, on average, precedes a stock-price drop of 54% a year after the deal, according to PlacementTracker. That still works for Ribotsky because of the way he structures a PIPE: He receives debt securities convertible into discounted stock, in an amount determined by dividing the principal by the price of the shares at the time of conversion, less a steep discount. The further a stock falls, the more shares he gets.
Since Ribotsky invested $1.5 million in 2005, shares in Med Gen are down from $1 on the OTC Bulletin board to a fraction of a penny. The Boca Raton, Fla. company had less than $1 million in sales from an antisnoring spray, diet pills and supplements. (Its biggest shareholder and chief executive is Paul B. Kravitz, the former president of AppleTree Cos., who paid a $25,000 penalty in 1996 to settle SEC claims that he failed to tell investors in an AppleTree offering that he planned to invest $250,000 in a gambling casino.) Ribotsky converted the debt into 171 million shares of Med Gen, at discounts of 40%, by September 2006. Did he sell his stake, triggering the stock-price plunge? N.I.R. lawyer Jonathan Schechter declines to say. "It is not us that makes a company lose its value--maybe a company hasn't executed its business plan," he says, adding that N.I.R. never shorts a stock.
One of Ribotsky's PIPEs, a $1 million investment in Roanoke Technology, a Rocky Mount, N.C. Web site designer, allowed N.I.R. to purchase newly issued shares at a discount of 50%; Roanoke's shares then traded hands on the OTC Bulletin board at 12 cents. After Ribotsky sued Roanoke when it didn't meet its loan payments, Roanoke countersued, claiming that N.I.R.'s selloff of shares was destroying the company.
SSHS news - i see no one posted, so i will. Also, as i do every single day here - the I-Box is updated continuously as information is received and disseminated.
Safeguard Forms Alliance with Megacable in Mexico
April 15, 2010
http://finance.yahoo.com/news/Safeguard-Forms-Alliance-with-bw-979852532.html?x=0&.v=1
Most of your queries are answered within the yellow sticky labeled TO ALL in the posts above. There is also an I-Box feature here that contains the latest information on the company, to assist you with due diligence.
All good information. Just keep in mind that we NEED these HIGH VOLUME days so Corey Ribotsky (NIR Group) can convert the debentures into common stock and sell them on the open market. This is the dilution thats been keeping SSHS down for years. Again, all this information is contained within this forum's "I-Box". Just click on the yellow sticky above labeled: TO ALL