All posts are my opinion and are informational only. Investing in anything I post about is at you own financial risk!
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Dont worry folks if you didn't get to buy any yesterday or today. I think cheaper prices are coming as we wait and wait for the AF's which will take a long time if 2006 is included. I mean a LONG Time. Did you guys look at level 2 today? I did and it looked like a heard of elephants trying to get out all at once at the end of the day. Tomorrow morning there could be another heard coming through and I would not doubt we go below that 1/2 penney mark with some volume. Get your orders in soon especially you big gamblers. GLUCK!
Brentjanice, So your trying to tell us JP sat with you and the wife all day and things are fine and dandy. I think you convinced me to buy some shares today. LOL Wheres the info dude? If the SEC was all set then why does the Formal inquiry continue. Where is the mention of the 25 mill PO in the PR's. Did they really make any money last year and where are all of the contracts Jim was yapping about that were coming Q406? What is the preferred share to common conversion rate? What is the status of the buyback or are they selling shares. How many share OS and in the float? C'mon dude, dont tell me you sat and had some tea. 8)
Dude what are you talking about dilution. Did you see the reverse split history of this company and did you hear they increase the authorized to 3 billion? How is that different than the others? Please explain. 8)
This means nothing. As noted in DELLS case it was an elevation from informal to formal and it did get ugly. Keep reaching.
Dude how can you say I am wrong when you cant prove his opinion is fact. GLUCK to you dude.
SEAB dont get mad. Thats your opinion on the matter and you are entitled 100% to your opinion. You just have your facts crossed a little. 8)
Thats Jab no hard feelings on my end. Between your facts and my facts the truth probably exists. We will know in due time when the financials are restated which of course is my opinion. 8)
SEAB. How do you know it was formal from the beginning? How? Based on what the company told us it started informal and is now formal. I think your reaching a little here and I am only pointing out the companies own words they released. GLUCK!
You say its a fact that "nothing has change" just words. Those are your words stating facts WRONG (thats your opinion) We know it needs more time and it is worse. Any formal SEC involvement is worse than informal and if you dont get it then its your blind eye reading the words the company wrote. I do wish you luck and I mean that. 8)
Seab. I have no idea what you are trying to tell me nor what your facts are. Your previous post didn't make any sense on informal to formal. Now we know this has been escalated and the stock traded. Woopie. It would only escalate if the inquiry went sour IMO (its not an automatic as I believe you previously suggested). So now maybe the SEC has more than three areas of issue or the three areas have become larger in scope. All in all I would say it is worse than we knew before todays PR. If you cant face that Fact then thats your issue not mine. BTW what happened to the $25 mill PO disclosure? Thats seems to have disappeared. GLUCK!
Jab read 63888. This should clear up your confusion. Well knowing how you think it might not. lol
Read this on DELL. Formal was an elevation over the informal (Not goood, meaning baaaad)This will clear it up for the longs. See below:
"Dell said the delay was not related to the SEC's decision to elevate its investigation to formal from informal status. Instead, Dell said the postponement reflects "the level of complexity the company is facing in the preparation of its preliminary results," related to the SEC investigation and its own inquiry into accounting and financial reporting matters"
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Sorry Dude. A formal inquiry by the SEC is definately worse than an informal one. Thats not a play on words thats your rediculous interpretation of what the company actually said in their own words. Like I said GLUCK!
Jab, no one knows what back to normal means (I mean you and I can guess all night). But what we do know is that the SEC is still there and in the companies own words it is now FORMAL which is definately not NORMAL!!! I am a poet and didn't know it. 8)
Your kidding right? Maybe they made an innocent mistake on the income they said they made too. lol
You guys are funny. Of course he has no way of knowing but given the language change from the company (which is now a more negative tone using the word "Formal") he is likely correct. There are numerous instances where the SEC starts off informally then it dies or it goes to Formality which is not where you want to be. Anyway GLUCK!
Oh my. It is now formal. I will tell you all something about the original SEC inquiry. The SEC asked to look into three matters. All three IMO could have been resolved within a couple of days at the companies headquarters if the company has any decent records. To see that the informal is now formal (which means it has expanded) is a huge red flag. Did I say HUGE no I mean GINORMOUS (if thats a word). Also, I see the Gov't PO is not included in the last 2 releases. Does this mean they fulfilled the PO or that it just does not exist? Wow more questions. Hey if you want to look the other way (like no big deal) then GLUCK!!! as the writing is plastered all over the wall. Lastly, those who got in for a penny today will now have to second guess as to how will this will really play out. The drama is really very entertaining. 8)
Heenster. I think you are onto something. On the eve of potential trading under a dark cloud the company now puts an insider info vibe out that they are in business with Volvo and Gameznflixers. This is very commical. I am still waiting for the contract announcements they said they were signing weekly in the pr's Q406. I am debating on putting a bid in when it begins trading at around .0002 just for chits and giggles. Lets see what other insider info tips we get tonight. 8)
Thanks JoChef. Todd one other point, the financials on pinksheets are incomplete regardless of whether what was reported so far is correct or not. They lack a cashflow statement, a comprehensive income statement and all of the required footnotes. So I think there is alot of bookkeeping still to do and in addition, its my personal opinion that who ever prepared the UFS's definately needs assisitance in finishing what has been started. That's my opinion and my point.
Two comments for ya Todd. First, I dont think you know what an audit is nor anything about audit standards but I am sure you can think up what they might be in your head. lol Second, you probably think the pink sheet published UFS's are as good as AF's. LOLOL I am having some fun here on my day off. In case you do have some doubt in your mind (Maybe just a smidgin) you can do some DD at the following websites. AICPA, FASB, PCAOB ...... LMFAO!
No you need to learn how to read. The UFS's need some major adjustments (bookkeeping) which the auditors can not do in an audit. SOX 101 dude. Start your DD at the PCAOB website and look it up. Or better yet just ask a CPA. LOL
Ya Toddler, Im blushing as we speak. Are you the one who laughed at me when I said in January the Fiancials were riddled with red flags. Ah yes, I beleive it was you. Please look in the mirror and see if there are any tomatoes. lol
Thanks Smartmoney. Did you ask who was doing the bookkeeping. The auditor can't do the bookeeping and then audit his own work. Those 2006 financials published need some serious book keeping by someone with GAAP knowledge before any audit can even really begin. 8)
Thanks Smartmoney. Did you ask who was doing the bookkeeping. The auditor can't do the bookeeping and then audit his own work. Those 2006 financials published need some serious book keeping by someone with GAAP knowledge before any audit can even really begin. 8)
I told you dudes it will be along time before the bookkeeping is done on the 2006 financials (that were recently published and now under SEC review) and an audit can't even start till thats done for 2006. Does anyone know if the new CPA is still on board knowing an SEC investigation is in progress? Thats a reasonable question at this juncture. 8)
This is not trading on the OTCBB any time soon. Hope for the pinks. Also, I noticed the Unauduted financials are not on Pinksheets.com anymore which is interesting.
I am laughing too. I sold well before the suspension after reading the second batch of financials. I do wish you luck and I think you will need it. Lastly I wont reply to your sheeple comment as I see no need. Have a good weekend!
It is possible that the SEC could continue with the suspension based on their investigative findings. We will know for sure next week and if all was well I would have expected an announcment from CKYS yesterday which of course never came.
5Cap, Here is a message I posted to DC. Maybe you could address if you had conversations with the Mangement. Credibility is key and if the financials have issues and they are not concerned then I would be concerned that they have tunnel vision as it is extremely important to get all disseminated financial data disclosed right the first time. Here it is my message and if you could reply then TIA:
DC, Did JP mention that the Financials needed to be revised? I dont think anyone here doubts they have offices and are distributing product but what we want to know is did they actually sell $33mill and make $12 mill profits. I hope you discussed that because if the financials are restated negitively then JP could have some of the larger stuckholders who bought in because of those 2006 financials knocking at the door next IMO. TIA!
DC, Did JP mention that the Financials needed to be revised? I dont think anyone here doubts they have offices and are distributing product but what we want to know is did they actually sell $33mill and make $12 mill profits. I hope you discussed that because if the financials are restated negitively then JP could have some of the larger stuckholders who bought in because of those 2006 financials knocking at the door next IMO. TIA!
Palacian, do you think he has insider info everyone is looking for? Anyway, what can the stuckholders really do if their investment goes down because of the recent SEC suspension? TIA
Believe you me, if the audits include 2006 then you could be waiting quit a long time for completion. Those financials for both the 6/06 and 12/06 periods will more than likely be restated as they dont even connect together. Also any restatements will likely result in the auditors concluding that material weaknesses were present in the internal controls used to process the activities which resulted in the actual financial statements themselves (thats the fancy SOX language the auditors like to use). And by the way, you should fully expect the auditors to heighten the scrutiny of auditing the numbers now and going forward due to the current sec involvement. If the auditors make a mistake in judgement that is obvious to another auditor looking at the same data then they themselves will be up chits creek due to the SEC and PCAOB peer review process. ALL IMO and one way or another, it is going to be very interesting to see how this unfolds.
Whats the dealios with the good morning america show. Anyone know if ckys was on yet. I beleive this was the week. TIA
Gtell, you still here. You laughed when I warned you about the financials two Fridays ago. Its amazing how things come full circle. What a hoot.
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I warned everyone about the Financials and now the SEC has issues with them. This could be like opening up a can of worms once they get their hands on the books and records. Well I hope the other CPA's got out in time before the halt. Anyway, with the company not trading for awhile then maybe JP can come out and tell us where the heck are all the contracts he has been negotiating for months and come clean in that the financials will not be audited final for a long long time IMO.
thanks
Guys, can someone point me to where the share structure is being reported as someone eluded earlier. I did not see it on their website. Also, does anyone have any insight on what the 1 for 1,000 reverse split was all about in 2003 (reported on pinksheets.com)? Was it different management running the company back then?
TIA
Who said they were diluting? I guess you missed the sale of stock line on the financials. BTW didnt Jim get 100 mill shares late last year? If yes, where is that expense on the financials? Lastly, this may not apply here but has in many other pennies. If Jim sold 100mill shares to the public and then gave himself a another 100 mill then where is his dilution? Only you and I get diluted and BTW I have no idea if this is getting diluted or not so please dont put words in my mouth. I believe the float has increased which is really not dilution.
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Come big daddy. How can there be NOL's if they have 12 mil of opening retained earnings from prior years on the UAF's? And if they do have Nol's and the opening retained earnings is truely Nil then it is a big deal when they restate the retrained earnings and I assume you would agree.
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I would like to see that Tom.
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