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Here's the link to file your complaint. http://www.sec.gov/complaint/cf942sec9570.htm
lol....
I was hoping that they were trying to buyback shares under the radar for a low price.
I guess this is the calm before the storm.
Gracias.
Myth, I agree that they got the financing. The problem is with this from the annual statement.
"The Company intends to use the funds to pay off its existing A and B Notes Payable, as listed above."
I have yet to hear if they did pay them off.
I agree.
I think the loan companies are holding down the price to convert shares. Just look at the S-1a it states the conversion.
Why is the pps always at .0006-.0007?
Every time that the price approaches .001 the stock gets driven back to .0006-.0007 sometimes with a few 5,000 share trades.
A 284 million share day and the price rises a few points, someone is messing with this to keep it low.
The amount of short interest is almost nothing.
Me too!
Has anyone thought to call JB and ask why the pps is staying down? Maybe he'll do a pr explaining some of the previous derivatives that he go into that could possibly be affecting the lack of explosion that we were expecting.
The interesting thing is now that they are using 5,000 versus before they were using a much larger amount.
I love how this gets manipulated down with 5,000 shares.
People are wondering why this is not moving off of .0006. Here is the reason. Straight from the annual reports page 21.
The variable principal conversion feature, which allows the investor to convert Note A into common stock at the rate of 60% of the lowest daily closing bid price of the Company’s common stock during the 5 trading days prior to the conversion date, but in no event less than $0.0006 per share. The variable interest rate provision which allows the investor to convert the interest accrued on Note AA into common stock at the rate of 60% of the lowest daily closing bid price of the Company’s common stock during the 5 trading days prior to the conversion date, but in no event less than $0.0006 per share;
The lower the price the more shares they get when get paid for the interest on the loan.
But this is encouraging, (page 19)
"The Company is currently in negotiations with the lenders to settle this Note and anticipates settling sometime
prior to September 30, 2009."
Thanks to whoever squeaked the last trade in!!!
There is someone who is seriously trying to bring the pps down everytime it goes up. Hopefully with another 200million+ day they will get taken out.
Gotta love this. A huge volume day for SIVC and we're back where we started.
I smell something......
I hope the proposed uptick rule will apply to pinks.
Someone's in a buying mood.
why does it not suprise me that the pps gets dropped with a 2 buck trade?????
Whoa!!! Big suprise they dropped it to .0006 at the last minute.
ETMM back on the low ask manipulating the stock lower.
I wondered how long it would take them to do that. They have been doing that since Feb.
Authorized Shares now 4.9 Billion. Dropped from 9.9 Billion.
That was a nice improvement.
ETMM usually has been the lowest on the ask since Feb.
I can't wait until they get bought out.
Someone still answers the phone at S3.
Checked just to make sure they are still open, since we haven't heard anything in some time.
Another stellar day.
Do these shares include ours????
Wow, someone is a big spender for $38.
Finally, someone else is thinking the same thing.
There is no other reason why we are not at least in the .002-.003 range.
It would be nice if this is an all cash deal.
It doesn't look good doing promo's.
I take promo's as a struggling company is trying to get people to buy their diluted shares.
They way to promote a company is with earnings and name included in any positive transaction.
Yes, but it is still ETMM who is holding this down as before. It doesn't matter where the price is, they are always on the ask at the low price. Makes me wonder....
Hopefully, it starts a good trend.
Check out the recent Short Interest on Pink Sheets:
Apr 15, 2009 210,534
Mar 31, 2009 12
Our stock price smells like its getting manipulated.
Any ideas on the "current info" upgrade on pink sheets?
I agree totatlly with s3 not promoting itself.
He might be trying to bring in cash in addition to the normal stock payment to help stay away from borrowing for reoccuring expenses.
They would definitely benefit from adding a marketing person to their team.
I'd like it this way:
1. Positive cashflow. (More closed deals)
2. Paying off debt.
3. Share buyback
We need 49 more people like you today.
We just need people to pickup 50 million shares each day for the next week to bring some life back.
On the L2.....
It looks as some of the MM's raise their prices on the ask but of course except for one. hmmmmm.... Maybe something is brewing.
There is no pain in asking.