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Yes it is and even more as each moment passes.
Once the S-Gens hits the market and skeptics see people using them, the S-Gens will speak for themselves.
And the same goes for their Notebooks.
Every product has an audience.
And even within that audience, there are further variations of interests.
no "ONE" can decide for the many.
On that note, the MM's know something.
To each is own, but I'm sure there's a lot more than meets the eyes, (or fingers), under the hood.
>6^}
oh an um, about that 700 million volume this stock saw today....
Wink-Wink.
(Wondering if you're sitting on several Fort Knox with of shares here..)
>B^}
Because I'm suffering some kind of impairment, you mind clarifying your statement for me?
Thanks..
>6^}
Yet today’s action nullifies historical re-quotes.
>6^}
.....sorry
Happy Trading!
Actually I agree! -Both the Laptop and the S-Gens are.
I for one like the S-Gens.
It looks space-age to me.
At one point, regarding the laptop, I questioned the looks of its casing.
But after viewing it on the tyra banks show, it's a neat sleek little unit and seems easy to carry around.
But what sold me on the specs, were all the I/O ports it has. Damn-near has a plug hole for everything. LOL!
So I guess you could call it a mini-computer.
lol
That really opened it up to the outside world of peripherals in my opinion.
I thought it was some stand-alone typewriter'ish thing.
I was wrong.. heh!
I didn’t even know it had VGA video out port.
(where da hell was I been.)
To ME that's important as I have a pair of TV-Glasses what suspends a 50" virtual screen in front of me when plugged into a VGA Port.
Wink-Wink!
So YES!
I'll be getting a few of each.
LOL! thanks 'garrison1', for the Recap! But you forgot one thing, when the market crashed, SMWF, BAC, IBM, WAMUQ, F, GM, C, AIG, and countless others were impacted by that crash.
Ironically, all posts, comments, PR's and SEC-Filings and more, were all likely a wash! -as a result of the market-crash.
The crash seems to have changed the rules! -LOL!
I mean, if veteran companies like MSFT took a dive when the market crashed, how could we expect start-ups like SMWF to be immune? -LOL!
Once the market crashed, EVERYTHING was a wash! LOL!
Actually, many have even gone out of business or even became delisted for that matter.
Neither of those traumatic episodes has happened to SMWF..
For all it’s worth, I take that as a complement in favor of SMWF.
Let alone through it all, they’re having Market Activities NOW! –and even are selling their products to specified parties and more.
ALL of these are fundamentally positive for the company.
Do you doubt this?
(I didn't think so)-Wink-Wink!
Furthermore, anything posted on any stock, prior to the "world market crash", are all null and void. –IMO, since it was likely based on running averages that preceded the world market crash.
(if this is an excuse, then it’s a damn good one, because it’s very indisputable) –LOL!
BUT the one thing that's still stands regarding my past comments about SMWF, is the products they "still" have and are moving forwards with them.
And I "STILL" want the S-GENS
It's one hell of a badass item that I want and will get.
I'll also be among the 1st to BID for it when their new website completes its beta test stage and comes online.
>6^}
TYPO,, TZFI = TFZI..
WRONG! you're sending Me/My posts to where they don't belong.
I admit I was upset at the "cliff-hanger" suspense of this stock, (Not the company itself) but that's MY OWN FAULT not the stock's/Company's Fault.
And part of being civilized is Admitting one's own error(s) and proceed to make necessary corrections/Changes for the better.
I've "CHANGED" my mind and thoughts and feel good about myself for being able to do that (mid-stream) and move on.
TZFI has committed NO CRIMES here and I'll not obligate TZFI to objectives "I CREATE" to hold TZFI accountable for.
(That's totally nuts -especially for a pink)
My investments in this company is as good as anyone else.
All my comments are nothing more than my own peon opinion, lofting along in a sea of countless others, from any/everyone else.
LOL!
Although various key points may have (or already have) come to pass, it's still just only my opinion as you have yours.
>6^}
I say this company will succeed with or without whatever I say.
I've always felt that even from the very beginning.
IF you've picked any of my posts as Doom and Gloom of this stock, THAT PART was merely playing the devil's advocate.
(and quite entertaining -LOL!)
Unfortunately, is came with a price -Wink-Wink!
LOL!
so there you have it!
Happy Trading!
You'll do well here, don’t worry.
Wouldn't doubt it!, we've already accumulated another 45 million+ in volume since my last L2 post about 1/2 hour ago.
It's always a good sign whenever the MM's listed on the BID-Side begins stacking up while the MM's listed on the ASK-Side diminishes or jumps to higher positions on the ASK!
I'm no stockologist like you folks, but, I've been watching these stocks for so long, that I think I'm beginning to see a pattern.
Wink-Wink!
When did we lose another MM? -I checked the listing and as of 10:37AM, it's the same since my last L2 update.
Was that before I posted?
SMWF: L2 as at 10:25:AM 05/18/2009
I also noticed new MM’s on the scene.
(or at least ones I’ve not seen before)
This is usually a good thing, as specific MM's are signs of good runs and overall company progress.
I found that if MM:NITE is at the top of both the BID and the ASK, stocks tend to move sideways or averages downwards.
This may be a coincidence, but, it seems always the case, unless it's just my bad timing.
(most likely my bad timing)
>6^}
Wink-Wink!
TZFI: Keeping positive, I still believe this company's share value will show positive activities around the end of June, early July.
(This is just in my opinion)
Economically, This is about the time many will begin finding more jobs/Returning to work, etc., Going forwards.
I've been saying this and similar, all along.
But it will happen.
TFZI is not run by bunch of illiterates, they know very well what they're doing and WHEN to do it.
No one should misconstrue what they themselves want to see, with what the company will do or should do.
I speak from common sense and common knowledge of the current era.
With that I say, TZFI will survive and by THEIR OWN terms, not ours.
For the time being, it may be best to load up on an affordable block of shares here and sit tight.
I'm with ya!
SHSNQ: (pending symbol change), Should I assume that because this forum is still up, means, this company is till "ACTIVE"?
LOL!
Because under "Normal" conditions, forums belonging to stocks that are R/S'ed, or whatever reason for symbol, change are removed from iHUB.
However, in this case, THIS FORUM is still OPEN for posting.
is that a Hint?
Wink-Wink!
Well, at least until the symbol change occurs.
>6^}
From the 8-K/A, if I might point out the following.
On March 10, 2009, the Bankruptcy Court entered an order (the “Confirmation Order”) approving and confirming the First Amended Plan of Reorganization (as confirmed, the “Plan”) of the Company. The effective date of the Plan was May 7, 2009. (the “Effective Date”) . The company is in the process of applying for a new stock symbol. The ticker symbol for the new common stock will not end in "Q".
(Remember the above date: March 10, 2009)-Wink-Wink!
*OK, effective date (May 7, 2009) has been established.
then further along in the reading we get;
· Class 7 — Equity Securities: On the Effective Date, other than the NIR Debentures, the Equity Securities of the Debtor shall be cancelled and holders of Equity Securities shall receive nothing.
Capitalization of the Company
On the Effective Date, Reorganized Shearson amended the certificate of incorporation to authorize newly authorized capital in the amount of 300,000,000 shares which shall constitute the Newly Authorized Stock. On the Effective Date, or as soon thereafter as practicable, from the Newly Authorized Stock, Reorganized Shearson shall issue 10,000,000 shares to effectuate the following capital structure: (i) on account of the Kraatz Payment, to Harry Kraatz – 92.5%; (ii) Class 5 – General Unsecured Creditor Claims – 7.5%.
If I’m reading this right, it appears that “Equity Securities” owned as of the “Effective Date” (May, / 7 /2009) was cancelled and those shareholders receives nothing.
However, this says nothing about those who bought shares following the effective date.
No matter how it’s viewed, the “SYSTEM” screwed up!
If the Equity Securities, (Shares), held under SHSNQ was cancelled, how is it that trades were allowed?
And now that they’ve been purchased “AFTER” the effective date, how will they be processed?
What responsibility does the “Securities and Exchange Commissions” plays in all this. Whereas, isn’t it THEIR JOB to monitor these exchanges? Especially over major exchange events such as these?
Are the brokers part of the blame for allowing (through their fingers) the exchanges of cancelled shares?
Aren’t all these institutions in place to screen and/or protect “Securities”
Someone dropped the ball on this one..
In addition, SHSNQ failed to display their intent of share cancellations, in the “LINE OF SIGHT” of shareholders, as conveniently as they wanted them to KNOW of their emergence from Bankruptcy.
They presented themselves as having stated one scenario in BOLD print on the top cover, (what they wanted you to see), while having stated another scenario in microscopic print on a different page located somewhere in the stock pile.
A more fairer PR would be to have both scenarios printed in the same press release.
If such had occurred in all fairness, I doubt very much that existing shareholders would have held their shares any further, yet alone new shareholders bother coming onboard.
The approach, although clearly misleading, was quite clever.
On May 7th, SHSNQ “PR’ed” their “successful” emergence from Bankruptcy.
(The shareholder’s buy on inspiration trigger word was “success”, followed by the word “emerge”) –LOL! Nice punch!
Whenever a company makes such an announcement as their Leading Headline, it typically means they’ve “FINISHED” resolving their debt obligations and now opting for a “Fresh Start”.
(to file for a new symbol without the “Q” truncation)-another nice move, LOL!
Many investors may interpret this as an opportunity to get in on this subliminal “Fresh Start” message.
This is further supported, as it seemed, when the PPS went up about 1000%+
Then after the accumulation, everyone is hit with the 8-K, regarding shares having no value of the record date.
WTF?
The clever part is, all the NEW shareholders that purchased following the 5/7/09’s PR, may likely have PAID (in advanced) for shareholders prior to the May “7” 2009 that rushed to dump (as likely anticipated) when the 8-K was Filed/Released May “11” 2009, where they “THEN” learned that Securities held by shareholders as at 5/ 07/ 2009 were cancelled or nullified.
And THAT wasn’t made known to shareholders of SHSNQ who issued those shares until several “trading” days following the alleged “Effective Date” they were cancelled.
Now that poses another question;
If shares that traded beyond that “Effective Date” had NO VALUE of the company in which they traded, then, who received the “MONEY” in exchange for them, if it wasn’t the company that issued them.?
Hmmmmmm.
>B^}
BTW, wonder why the following was omitted from the amended, 8-K/A, but was present in the Original 8-K;
On February 25, 2009 the United States Bankruptcy Court “Confirmed” Shearson’s First Amended Plan of Reorganization and the Plan became effective on May 7, 2009. Pursuant to the First Amended Joint Plan of Reorganization and the Disclosure Statement, on the Effective Date the equity securities of the Company, other than the NIR Debentures, were cancelled and the holders of equity securities received nothing.,
is this the smoking gun that says the company KNEW of the Equities Securities cancellation since 02/25/2009?
But didn’t publish this “Confirmed” plan until the day before they were unlisted?
ROFLMAO!!
Because in all their releases, be they in #-K’s or PR’s, the only time it was made available was in the 8-K’s back on May “11” 2009
LOL!
YEP!
Someone really dropped the ball on this one!
I’m very
VERY
V E R Y
Curious as to how this is played out.
>B^}
YES, this stock will eventually blow pass the .0003's.
eventually..
and Mark this post!
Now that the Economy is steadily giving the BEAR a lot of BULL,
(Mark this post, you'll be referring to it)
Wink-Wink,
There will be more buys, continuing on Monday.
(Needed a crystal ball for that one. -a’Dah?) LOL!
I also believe the company will release another PR shortly, whereas to hibernate now would be stupid.
Especially while the get’n is good.
However, there will also be more dumping from the company.
Not a bad thing actually, I mean, raising money is the whole point of issuing shares.. a’Dah?
But you'll likely notice the company dumps when you see 9000000 blocks sold in succession.
(As if shareholders would do that.. LOL!)
Sorry to say but, they’ll need to do that from time to time to get the float sold.
How else can they work at increasing the PPS without selling off the float, short of a stock buyback campaign.
Let’s face it, once the PPS gets to .0002 / .0003, we will have takers.
(Needed a crystal ball for that one too. -a’Dah?) LOL!
But they’ll likely jump back in when it gets to .0003 / .0004 as they anticipate .0004 / .0005 and so on.
(Yes ‘Janice Shell’, you may comment on this one –LOL!)
I don’t believe SMWF will fall back to sleep.
As the Economy picks up, people start getting employed (or getting their jobs back), a NEW School of tech hungry consumers will awaken with cash in hand and hell bent on self emancipation.
If you’re selling anything, your buttock had better be positioned by the time that current-flows, because it will be one hell of a tidal wave.
And in todays mind-set, You’ll either be well anchored and drenched with wealth or washed out of the way.
But rest assured, the current of consumers is coming. Ready or not, Believe it or not, Give a damn or not.
Because all those vast losses of possessions, likelihoods and what all, are soon to become vast needs and wants, as they all strive to get back to where they all were before the market crash.
Those who are taking positions in various stocks will likely be among the leaders of the pack.
But it IS coming, rest assured!
The question is, will SMWF be ready when it does..
Hello everyone.. It's good to be back with all my friends again.
what's the update on the situation here?
I could read through all the posts, but, anyone have a quick summary?
Thanks..
Meantime, I'll do more "DD" on this company to see where it stands.
Where's the link to that statement, as I not found that part of the filings within all the documents I pulled up.
(I’ll assume it just me.)
Although I understood the legal jargon in your post, it appears to be written by SHSNQ’s Legal Aid to be confusing.
Especially for the average reader (investors/shareholders) here.
Yet alone those who were monetarily injured by their mishaps and likely seeking legal recourse.
But I'm currently debating whether I should decipher their legal Jargon and Re-post it here in laymen's terms so that all applicable parties can understand exactly what all that jargon means.
>B^}
Nevermind 'gagmi', I've found it here>>>>
(Pretty large but likely be worth reading. )
********************************************************************************
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
March 12, 2009
Date of Report (date of earliest event reported)
SHEARSON FINANCIAL NETWORK, INC.
(Exact name of registrant as specified in its charter)
Nevada 000-32745 88-0471353
(State or jurisdiction of incorporation or organization) (Commission File Number) (IRS Employer Identification No.)
129 Great Circle Drive, Mill Valley, California 94941
(Address of principal executive offices, including zip code)
415-388-1500
(Registrant's telephone number, including area code)
Copies to:
Stephen M. Fleming, Esq.
Law Offices of Stephen M. Fleming PLLC
110 Wall Street, 11th Floor
New York, New York 10005
Phone: (516) 833-5034
Fax: (516) 977-1209
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
--------------------------------------------------------------------------------
ITEM 1.03. BANKRUPTCY OR RECEIVERSHIP.
On June 16, 2008 (the “Petition Date”), Shearson Financial Network, Inc. (the "Company") filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code (“Bankruptcy Code”) in the United States Bankruptcy Court located in Las Vegas, Nevada (the "Bankruptcy Court"). The Company's case is No. 08-16350. Since the Petition Date, the Company has managed its affairs as debtor in possession. The Company elected to seek bankruptcy protection to protect and preserve their assets for the benefit of all stakeholders and is currently evaluating alternative business models to maximize the value of its assets.
On March 10, 2009, the Bankruptcy Court entered an order (the “Confirmation Order”) approving and confirming the First Amended Plan of Reorganization (as confirmed, the “Plan”) of the Company. The effective date of the Plan was May 7, 2009. (the “Effective Date”) . The company is in the process of applying for a new stock symbol. The ticker symbol for the new common stock will not end in "Q".
The following is a summary of the material terms of the Plan, as confirmed by the Bankruptcy Court. The summary highlights only certain provisions of the Plan and is not a complete description. This summary is qualified in its entirety by reference to the full text of the Plan, which has been filed with the United States Bankruptcy Court in Las Vegas, Nevada and will be later filed by amendment as Exhibit 99.1. Capitalized terms used but not defined herein shall have the meaning set forth in the Plan.
Material Features of the Plan:
Designation of and Provisions for the Treatment of Classes of Claims
All Claims of Creditors and the holders of Equity Securities (except Administrative Claims and Priority Tax Claims) are placed in the Classes set forth below:
· Class 1 — NIR Group Debentures Claims: Upon the Effective Date, the NIR Group Debentures Claims, and the accompanying Registration Rights Agreement, shall be reinstated, pursuant to the terms of the NIR Debentures Documents, the post-petition loan documents accompanying the DIP Order, and Takeout Financing, as may be modified by any post-effective date amendments by the NIR Group and Reorganized Debtor. The NIR Group shall retain, and to the extent necessary be granted, a lien upon the NIR Group Collateral and the collateral securing any pre-petition liens of holders of Allowed Secured Claims described in Section 4.2 of the Plan, until the allowed NIR Group Debentures Claims are paid in full. Additionally, the NIR Group shall be allowed to exercise any conversion rights in the NIR Debenture Documents, the post-petition loan documents accompanying the DIP Order, and Takeout Financing as it relates to Reorganized Shearson and shares of stock of Reorganized Shearson.
· Class 2 — Other Secured Claims: Each holder of an Allowed Secured Claim in Class 2 shall receive one(1) of the following alternative treats at the option of the Debtor and/or Reorganized Debtor: (i) On the initial Distribution Date, or on such other date thereafter as agreed to by the holder or such Claim and Debtor or Reorganized Debtor, as the case may be, shall abandon the collateral securing such claim to the holder thereof in full satisfaction in release of such Claim; or (ii) On the initial Distribution Date, the holder of such Claim shall receive, on account of such Claim, Cash equal to its Allowed Secured Claim in full satisfaction in release of such Allowed Secured Claim; or (iii) On the Distribution Date, the holder of such Claim shall receive on account of such Claim, eq8uity in Reorganized Debtor (with such equity to come from the shares to Kraatz pursuant to Section 5.1(i), and not from the 7.5% to Class 5), in an amount mutually agreeable between the holder of such Claim and Debtor, in full satisfaction in release of such Allowed Secured Claim; or (iv) on the Effective Date, to the extent there is a dispute in priority of Secured Claims, a determination shall be made by a court of competn3ent jurisdiction as to the extent and priority of competing Secured Claims under applicable non-bankruptcy law.
--------------------------------------------------------------------------------
· Class 3 – IRS Priority Claims: The IRS Priority Claim, if any, shall be paid in 60 equal monthly payments commencing on the latest of (i) Distribution Date, (ii) such date as by be filed by the Bankruptcy Court (iii) the tenth (10th) Business Day after such Claim is Allowed or (iv) such date as the holder of such Claim and Reorganized Debtor have agreed or shall agree.
· Class 4 – Secured Tax Claims: Each Allowed Secured Tax Claim shall be paid in full by the Reorganized Debtor upon the latest of (i) the Initial Distribution Date, (ii) such date as by be filed by the Bankruptcy Court (iii) the tenth (10th) Business Day after such Claim is Allowed, (iv) the date on which such Secured Tax Claim is scheduled to be paid under applicable law or regulation or (v) such date as the holder of such Claim and Debtor, and after the Effect Date, the Reorganized Debtor, shall agree.
· Class 5 – General Unsecured Claims: Except to the extent that a Creditor with an Allowed Claim agrees to less favorable treatment, each Creditor with an Allowed Claim in Class 5 shall receive Distributions as follows:
o Initial Distribution – Each Creditor with an Allowed General Unsecured Claim as of the Initial Distribution Date that will on such date be paid its Pro Rata share of the Initial Distribution Amount. In addition, the holders of Allowed General Unsecured Claims shall recover their pro rata share of 7.5% of the newly Authorized Stock.
o Subsequent Distributions
§ On each such subsequent Distribution Date, all Creditors will Allowed General Unsecured Claims which were not, on the immediately preceding Distribution Date, Allowed Claims, shall receive a Distribution of sufficient Available Cash to bring them into a Pro Rata position, vis-à-vis all other Creditors with Allowed General Unsecured Claims.
§ On each Distribution Date other than the Initial Distribution Date, after giving effect to the Distributions to be made pursuant to paragraph above, the Reorganized Debtor shall distribute all Available Cash, Pro Rata, to Creditors with Allowed General Unsecured Claims.
§ On the Final Distribution Date, to the extent of Available Cash, the Reorganized Debtor shall distribution, Pro Rata, to Creditors with Allowed General Unsecured Claims, interest from the Petition Date at the Federal Judgment Rate.
· Class 6 – Subordinated Unsecured Claims: Except to the extent that a Creditor with an Allowed Claim agrees to less favorable treatment, each Creditor with an Allowed Claim in Class 6 shall receive Distributions as follows:
o Initial Distribution – Each Creditor with an Allowed Subordinated Unsecured Claim as of the Initial Distribution Date that will on such date be paid its Pro Rata share of the Initial Distribution Amount.
o Subsequent Distributions
§ On each such subsequent Distribution Date, all Creditors will Allowed Subordinated Unsecured Claims which were not, on the immediately preceding Distribution Date, Allowed Claims, shall receive a Distribution of sufficient Available Cash to bring them into a Pro Rata position, vis-à-vis all other Creditors with Allowed General Unsecured Claims.
§ On each Distribution Date other than the Initial Distribution Date, after giving effect to the Distributions to be made pursuant to paragraph above, the Reorganized Debtor shall distribute all Available Cash, Pro Rata, to Creditors with Allowed Subordinated Unsecured Claims.
--------------------------------------------------------------------------------
§ On the Final Distribution Date, to the extent of Available Cash, the Reorganized Debtor shall distribution, Pro Rata, to Creditors with Allowed Subordinated Unsecured Claims, interest from the Petition Date at the Federal Judgment Rate.
· Class 7 — Equity Securities: On the Effective Date, other than the NIR Debentures, the Equity Securities of the Debtor shall be cancelled and holders of Equity Securities shall receive nothing.
Capitalization of the Company
On the Effective Date, Reorganized Shearson amended the certificate of incorporation to authorize newly authorized capital in the amount of 300,000,000 shares which shall constitute the Newly Authorized Stock. On the Effective Date, or as soon thereafter as practicable, from the Newly Authorized Stock, Reorganized Shearson shall issue 10,000,000 shares to effectuate the following capital structure: (i) on account of the Kraatz Payment, to Harry Kraatz – 92.5%; (ii) Class 5 – General Unsecured Creditor Claims – 7.5%.
The foregoing information is a summary of each of the agreements or other documents involved in the transactions described above, is not complete, and is qualified in its entirety by reference to the full text of those agreements, each of which is attached an exhibit to this Current Report on Form 8-K. Readers should review those agreements and other documents for a complete understanding of the terms and conditions associated with this transaction.
Item 9.01 Financial Statements and Exhibits
Exhibit Number Description
99.1 First Amended Plan of Reorganization under Chapter 11 of the Bankruptcy Code (as confirmed). To be filed by amendment and currently on file with the United States Bankruptcy Court, Las Vegas, Nevada.
99.2 Press Release Dated May 12, 2009
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SHEARSON FINANCIAL NETWORK, INC.
Date: May 15, 2009 /s/ Harry R. Kraatz
Harry R. Kraatz
Chief Executive Officer and Chairman
********************************************************************************
And there you have it!
Wink-Wink
>6^}
'gagmi', you mind posting a link to that new 8-K/A exhibit 99.1 #13 misc?
No 'janice shell', MOSTLY BUYS not DUMPS and Actually I am pretty sure of that.
Per this listing.
Although there was a period of dumps that knocked the .0002's off ASK to the .0001's, with no BID.
But that was short lived after a BUYING frenzy that brought it back up to .0002's with .0001's on the BID and that's how it closed.
Else According to your Link, we should have closed at .0001 with no BID, if Dumping dominated the BUYS.
Sorry..
>6^}
If there are MM's holding PIG-Loads of shorts on this, this thing will likely have one hell of a spike as MM's run for "cover".
However, the spike may not have anything to do with the stock itself, in terms of company performance.
Many may assume that it does, but in reality, it's just the MM's covering their shorts.
"BUYING SHARES" is what MM's do when they cover their shorts.
Which in turn, buys from the float, which in turn likely buys up whatever is on the ASK, which increases the ASK and there inlies the PPS spike.
Why SPIKE:
--Because the MM's usually short stocks by Blocks of millions of shares and that's likely how many they buy when they cover.
--Investors add to the spike when they buy while noting the growing PPS increase.
This is also why Spikes are short lived, because the relatively sudden increase was not due to company performance, but rather by trading influences.
Had it been by company performance, the increase would be sustained, or hover at a higher base.
With that said, for all it's worth and even if it's just for lotto, I've taken up position.
If for no other reason than just the likely RUN of it.
If what seems to be occurring continues, a RUN is imminent.
I must say, that's very possible.
DAMN! and I was about to grab the .0001's
Was that a Statement or a Question..
You many have a point, 6-7 digit dumps pouring in.
But who knows, it may just as well turn into buys next week.
Ya never know with these pinks
LOL!
>6^}
Being up 100% on a stock is based on how it's interpreted.
All of the following can legally be defined as "UP 100%"
1), Realized Gains: the capital gain actually noted after a sell of shares.
2), Unrealized Gains: the capital gain shown in the portfolio but not yet sold to acquire.
3), Listed Market Value: calculated from the ASK value.
4), Sellable Market value: calculated from the BID value.
From the shareholder's point of view, the TRUE 100% gains of a stock should never based on what's listed by its Market Value, which always uses the PPS on the ASK side.
but rather should ALWAYS use the value of the BID side, since when you sell, THAT'S what will be used to calculate your resulting capital Gains/Losses.
Therefore, to buy a stock at .0001/ASK, that later goes to .0002/ASK, it's NOT your true 100% gain, because your SELL-side will be valued by the .0001/Bid, which is the Market's BUY-side.
Some stocks plays mind games with this, as in the following example;
No BID / .0001-ASK
.0001-BID / .0002-ASK
Notice that between the two, on the shareholder's Side of the market, their BUY value is the same as their SELL Value.
While on the Market-Side, the .0001-ASK shows a 100% to .0002-ASK
Looks good at a glance and may even spark buys from those who don’t have sharp eyes.
But those who bought at .0001's wont have any gains, since if they should sell, they'll basically be selling at the price they've paid, Less "TWICE" the commissions, since they've actually paid "COMMISSIONS" for "EACH" transaction.
Brokers are the ones who makes out on this more than the shareholder who traded the stock -ROFLMAO!
Man I yell ya! LOL!
Ya gotta love the Stock Market! -LOL!
In order for shareholders who bought at .0001 to make a TRUE 100% gain, as far as their portfolio is concerned, the stock would need to be at .0002-Bid and .0003-Ask, which usually happens much later rather than sooner.
Wink-Wink!
>6^}
Un, I must disagree. Those are BUYS not DUMPS.
And if there are sellers, they're selling @ .0001
They're likely previous bag-holders who've been longing for an exit, with NOW being their chance. (they believe)
Although I don’t doubt there’s other reasons at play.
But for the most part, lots of buys are what’s coming in.
Obviously due to the last PR that came out.
This being Friday and all, I'm curious as to what this stock will look like next week -going forward, as more and more of whatever started the buying spree gets further along.
And since the economy appears to be approaching the “INCLINE” side of things, I suspect this stock and many others to begin showing activities.
For all it’s worth, the stock market appears to have bottomed out around the 2nd week of march.
(well at least that's what jumped out at me with all the tickers I've checked)
I’ve notice this for a long time and found it strange that I’ve not heard of that in the market place.
(maybe I didn't listen hard enough?)
If anyone should check the grafts/charts, you’ll see it appears that almost every stock seems to have dipped to their lowest points sometime during the 2nd week of march and all seemed to progress in some way from there..
Some better than others, but they did. Some sooner and some later.
In either case, I’ve also predicted that stocks may see progress sometimes late 2nd quarter of this year, going forwards.
But it’s all nothing that “DD” can’t figure.
>6^}
Sorry for my late response but the ticker "82088H204", now showing in your portfolio is actually called a Cusip Number.
(stating the following for training purposes)
What Does CUSIP Number Mean?
The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system.
Which is an identification number assigned to all stocks and registered bonds.
When A stock is delisted, its “place” holder is represented by its assigned CUSIP Number.
That’s what you’re seeing.
Actually, when a company does a R/S, it is later displayed as its CUSIP number until the new ticker symbol is assigned and replaces that CUSIP number..
But in this case, it’s likely that the current CUSIP, "82088H204", will remain as such, since the associated company went bankrupt.
Therefore, If SHSNQ reboots into another company, they’ll likely be assigned a "NEW" CUSIP Number for the new company’s trading name.
Aww dude, I meant no offense by that. Sorry if that's how you took it.
I only wanted to assure that I fully understood what you were saying.
I by no way shape or form, intended that request as an attack upon you.
Hell even I sometimes have grammatical errors and by no way find it offensive if someone points it out to me.
Actually it's a complement, because what I type is actually being read..
Wink-Wink!
um,, Are we still friends?
Well anywho,
>6^}
Happy Trading!
I think I understand most of what you're trying to say, but, do you mind retyping your post so that it's more grammatically correct?
Thanks.
Enjoyed reading it BTW.
>6^}
NICE PR, but, they never said what will happen to current shareholders.
Wink-Wink.
Yes they may ship a ton of these, but why not several tons?
I've reviewed the Hardware capability of this Seamless Notebook and yes it does seem pretty powerful for its class.
I’ve also notice the Linux operating system, but I’d like to run it on Microsoft’s Operating System.
That is, unless, the Linux OS is written so that I couldn’t really tell (or feel) the difference.
I do have questions though,
I don’t know how many external HDD’s it can support.
I’ve notice the Seamless Notebook specs makes no mention of reading/writing to High-Capacity memory cards.
Hell I'd like to use 8GB/16GB HD memory cards or higher.
It’s does makes reference to R/W SD cards. (But so can my treo phone.)
I do like the multiple means of accessing outside peripherals.
Seems to have a I/O port for practically everything.
-Well Dayum!
Yet alone likely 3rd party (or their own) harnesses to allow it to I/O yet even more devices.
I like the VGA –out port, so this little bugger can be plugged into my 30” LCD monitor.
or my VGA TV Glasses,,
*wink-wink.
Can I buy software products off the shelf and load it up?.
How does the “Video processor”/Microprocessor, available memory perform with video games?
Or am I restricted with programs that can only be provided by Seamless.
Can it run “C++”, Assembly Language? Or some other means that allows me to write my own programs?
As you can see, when I use a computer, I really “USE” a computer.
I become “ONE” with it, as if it’s a living organism.
I too will purchase this notebook and when I’m done, that seamless notebook would become a living thinking entity with its own identity.
(BECAUSE I CAN DO THAT!)
Yeah that’s right, I have skills,,, Shhhhhhh!
Wink.
And "WHEN" do you expect that PR to occur?
(I hope I'm not seeing another one of those "Next Week" patterns again)
{6^{|}
Not here,, Not in this stock, I refuse to believe Déjà vu
Thank you Lotto123, that's very pleasant of you.
But I must say, I'd like for once, just once, in my worthless life, that a stock I buy doesn’t turn me into a miserable bag-holder.
I have more bags than a state landfill.
I mean, life cant be all that bad for me,, can it?
Sheeesh!
GM ALL! and YES, I'll be buying into this one at market opening.
This may be the winner I've been looking for with all the bad luck I've been having in other pinks lately.
However, (this time), I'll spend much of my time watching/reading, rather than posting.
GL All!
'seattletechguy'?, I'm with you on this one. Gone are the days where I decide a company's performance without letting THEM do it for themselves.
This company have a unhealthy track record that spans throughout all their previous ticker symbols to the one they're using now.
And in my experience, I can agree that whenever a company sits at NO/BID .0001/Ask for very long, they DO perform a Reverse Stock Split.
I mean, how else are they to generate funds?
And I doubt the minuscule buys on the ".0001's" that have occurred since the last R/S was hardly enough to pay for groceries, let alone everything else.
I have reason to believe that this company would likely see the light of dawn until the economy recovers enough for the average person to have the extra cash to buy what they're selling.
Right now, many of the "would be" buyers are busy chasing their monthly bills, let alone may even be unemployed.
Although their product is truly classified as state of the arts, or cutting edge, buyers of today’s market just see it as just another tech-toy.
But that will change when they learn what all it truly can do.
Perhaps SMWF may need to do their own National TV Commercials rather than "Back Dooring" their exposure through talk shows.
But the longer they wait, the harder it will be to own their niche in the market place, as even simple cheap cell phones are beginning to incorporate similar features and functions, let alone the more powerful phones that are out NOW!
IF they wait too long, then "White Labeling" as termed it in their last PR, may be their only hope.
I still want to know what’s happening with the S-Gens..
I see the S-GENS as the iPhone, Blackberry and Treo all combined in a mini laptop and on Steroids.
It puzzles me as to why SMWF seems to have tossed it out the window.
Maybe there’s something I’m missing.
Pending further research.
Before I join the fight, (which I will win), I'll give this company a few weeks to get settled under their so-called New Symbol.
I'll disregard the current status of this stock until all things are finalized.
I believe previous shares may be picked up under the new Ticker as a heroic attempt to not have past actions effect future shareholder decisions, which would in effect, hurt the company’s bottom line.
However, shares may very well be nullified, via the terms of the bankruptcy regarding prior assets, going into the Bankruptcy.
whereas, shareholders fall under the "company assets" clause and may have been processed by the bankruptcy terms.
Be it as retribution or cancellation.
However, these clauses would not likely apply to those who became shareholders "AFTER" the company emerged FROM Bankruptcy.
If the company KNEW they were being delisted, they should not have placed themselves in position to incur further liability of said company pending becoming unlisted.
They've effectively created a whole new case of financial obligations within the short window that followed their Emergence from bankruptcy pending becoming unlisted.
They’ve received money from share purchased from their company that was in a void.
It is likely that those who became shareholders within that time frame are eligible to file a possible class action lawsuit, if not a “REFUND” plus damages.
Whereas those shareholders falls OUTSIDE of the bankruptcy terms, which has since "ENDED" when the company Emerged OUT FROM UNDER IT.
Further research pending...