says, "Companies that trade on the OTCBB will require Cash/Cheque. "
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
In the absence of information
regarding financial results of the company, it would be good to have a consistent view of the share structure, looking back, and going forward.
How else can you decide on the worth of the shares?
Is the company able to issue shares, willy-nilly? I doubt that. I'd like an understanding of how those 37 million shares got issued, and how soon any of them will make it to the float.
Regards
Nevermind!
Found DGI LLC:
http://www.dgi-cemr.com/leadership.php
Just a freaky coincidence?
Another set of questions occurs to me
regarding the 37M shares issued to retain control of the company.
I gather they were issued sometime in June, right?
To whom were the shares issued? I assume insiders, to retain voting control.
Under what process were they issued? Did the company file a REGDEX?
Were the shares issued as free-trading or restricted?
At what price were the shares issued?
The threatened loss of control of the company: Did it have anything to do with that Diversity Group International LLC entity? Who are those guys, anyway?
What debts (and to whom will these shares be going) have to be repaid?
Regards
Well, I appreciate all the effort
but these are things I hope you want to know too.
Especially you. Your skin is in the game.
Regards
What I don't get
if the company's original plan was to have an auditor do the annual filing (FY end 12/31/07), how did they expect to get a MM before sometime in the spring of 08?
Regards
So, if I have the sequence correct:
1) Retain auditor.
2) Auditor prepares and blesses financials.
3) Audited financials go to MM.
4) MM reviews, and provides info to NASD to review while filing 211.
5) If NASD approves the 211, DGIA gets a MM that will start quoting proprietary bid/asks, other MMs can piggyback at that point.
6) At the same time, DGIA will post the audited financials to pinksheets.com, thereby removing the Stop Sign.
We're at step #1, right?
Regards
I return the secret admiration :)
Good catch, DTB. Remember this though: There are lies, damned lies, and penny stock message board claims.
Regards
The link should take you to the post
Another question, about audited financials. Are you saying that the financials DGIA has so far, and the financials they provided in order to get a MM to file a 211 are NOT audited?
Don't they usually appreciate audited financials before they file 211s?
Regards
Mouse must be double clicking...Duplicate!
Follow up question for December/Les
About the float. Here's an early post regarding float:
Holy smokes. Low float. 10.5 mil. Weeeeeeeeeee. I got answer from da Prez. Looks like possible acquisitions as well.
"Thank you for your interest in SKRCO, Inc.
The total free-trade stock currently issued is less then 10,500,000 with about half of that still in certificate form (not with a broker).
http://investorshub.advfn.com/boards/read_msg.asp?message_id=18793796
So, was it 10.5M, or was it 19.5M back then?
Regards
Before you have to go silent
Could you follow through on a couple of things with Les?
How did the O/S go from 50.5M to 87.8M?
How did the float go from 10.5M to 19.5M?
Why is there still no reduction in A/S filed with sunbiz yet?
Where are the audited financials?
Regards
Are all your shares of DGIA from open
market buys, or are you buying directly from the company?
Regards
You're saying the 10QSB Rule 144
shares were not actually Rule 144 shares? The 17.5M shares issued for compensation are freely tradedable, and the insiders are selling them?
Where are the Form 4s for those sales?
3M, or less, Steve, or the company has knowingly submitted false information to the SEC, a big no-no, I'd say.
Regards
No, it can't be, Steve
Based on the 10KSB and 10QSB filings, it's about 3M or under.
Unless you think the company has errors in the filings.
Regards
No Steve
Poor track record there. I don't trust Howard. On the bright ASWD side, when you go above 5%, your shares come out of the float, and the float will be under 1.5M shares!
Talk about your low floaters! Weeeeeee!
Regards
Careful, Steve
When you get above 1.55M shares, you'll be subject to 13D filing requirements, no?
Regards
I wouldn't buy 10 shares, let alone 10M
without a look at some audited financials. But, that's just me.
So far, it's all hype.
Good luck with that.
Regards
Weren't you the guy that didn't even
know they had increased the A/S to 1 billion? Didn't know they proposed a 10-1 and then a 5-1 forward split?
Weren't you going to get Les to file some audited financials?
By the way, they still haven't filed to decrease the A/S to 500M, or it hasn't hit sunbiz yet.
Regards
Dunno, Steve
It's simple math. The 10KSB says the O/S was about 11M shares, with about 1M shares held by non-affiliates.
Non-affiliates mean non-controlling persons, insiders, if you will.
The 10QSB says the O/S grew by 19.5M shares, and that 17.5M of that were Rule 144 restricted shares.
I make the float possibly as much as 1+2=3M shares, meaning you hold about a third of the float.
Happy Trading!
Regards
I agree with you Steve
The float is low, I never stated otherwise. I stated that it roughly tripled (1M to 3M) with the sale of 2M shares for cash disclosed in the 10QSB (unless of course those shares were sold to an affiliate, possible, I guess).
Was the float 1M or was it 9M like you remembered?
Anyway, I agree the float is low (possibly about 3M out of 31M). I also agree most of the float is in Strong Hands. (You guys).
The problem here is you have to convince noobs that the shares are worth something.
A quick read through financials does not suggest a value here.
A RM play? With a clean shell going for $750K (WSM's figure), how do you make a case for ASWD being worth anything?
It's still not a shell, by the way, and we'll get an 8K if it ever disposes its assets in order to become a shell.
Wait for it.
Regards
It was a 10QSB
And the 12b25 gave them 5 extra calendar days, which they used entirely.
Also, market cap is calculated using the O/S, not the float.
Regards
From the 10KSB
The aggregate market value of the 1,008,117 registrant's common stock held by non-affiliates as of August 31, 2007 was approximately $30,244.
State the number of shares outstanding of each of the issuer's classes of equity securities, as of the latest practicable date: 11,547,522, shares of Common Stock, $0.001 par value per share, outstanding as of April 30, 2007.
Affiliates being directors, executives, and 10% holders. (ie shares not in float).
Got a link to where it says the float was 9M?
Regards
Would you please disclose how much
you were compensated to tout DGIA? Or, deny that you were?
I understand if you're a bit pre-occupied with MCCY today, but I'd appreciate some clarification.
Also, do you have co-workers also posting here?
Regards
Only 2M
Of course, that's a tripling, wasn't the float about 1M?
Other facts: Not a shell, Still no revenue, Still about $3M in liabilities.
Other than those facts, it's a beauty.
Regards
The A/S reduction
Still hasn't shown up on sunbiz.org.
The increase to 1B shares was filed 2 days after it was adopted. (Adopted on June 11, filed with sunbiz on June 13).
On another topic: What does DIVERSITY GROUP INTERNATIONAL, LLC have to do with DIVERSITY GROUP INTERNATIONAL, INC., if anything?
Seems odd that the LLC was incorporated back in June, at the same time INC. was making its first amendments.
Regards
Shares Outstanding
State the number of shares outstanding of each of the issuer's classes of equity securities, as of the latest practicable date: 11,547,522, shares of Common Stock, $0.001 par value per share, outstanding as of April 30, 2007.
As of September 19, 2007, 31,047,522 shares of our common stock were outstanding.
That's an increase of 19,500,000 shares.
The Rule 144 shares add up to 17,500,000 shares.
The extra 2,000,000 shares were issued for cash.
Regards
Hi, WSM
Three questions:
How do you know there are many companies interested in ASWD?
Why do you call it a shell already?
If a clean shell goes for $750K, why would anyone be interested in one that needs $3M in toxic clean up?
Regards
If it's to be RM
How does ASWD discharge its debts before that? Liabilities exceed assets by about $3M, as of April 30, 2007 (we'll get an update on Wednesday, it would appear).
Don't they have to clean up the balance sheet before they become a RM shell?
Regards
Oops! Missed that, Steve.
Thanks for the heads up.
Regards
NT-10Q
In case you missed it, filed on 9/14/07, for the period ending 7/31/07.
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof: o Yes x No
Status Quo, no revenue yet, I'd guess.
10QSB now due in 5 calendar days from the original due date. I make that Wednesday, Sept. 19th.
Regards
Anyone can use ™ Salve
It's the ® they are shooting for. And yes, maybe simplycomfortrv is no more. CHDT doesn't seem too concerned about it.
Regards
Here's a taste
http://www.walmart.com/catalog/catalog.gsp?cat=583415&fromPageCatId=3947&catNavId=3947
Depends on the quality, DD. Some of this stuff is real junk.
We'll see.
Regards
DD, take a stroll through Walmart
You should be able to find a unit like the one I linked from Amazon.
Some just do battery boosting, some add tire inflation. Some do quite a bag of tricks.
Regards
The 5in1 unit I linked has an inverter too
Or it may be a stand-alone inverter. We'll see.
Regards
OK, I think we can flesh out the STP tool line a bit
A product something like this:
http://www.amazon.com/gp/product/images/B000L6203S/ref=dp_image_text_0/102-3644506-0486551?ie=UTF8&a...
Along with the STP drill we already saw, an extended line to include polisher/sander, reciprocating saw, and light that uses the same battery. Maybe from the Hyundai folks still.
A battery operated car vacuum?
And a cellular charger (DC to DC converter that plugs into cigarette lighter).
Regards
Yeah, DD, memory foam
That's skating a bit too close I think to simplycomfortrv.com's product line.
They still have about two weeks to file an opposition (or file for an extension to oppose).
I don't think simplycomfortrv.com has anything to do with Capstone or its Simply Comfort products.
Regards
Ooops!
Darn FireFox, missed this important info:
Profile:
Capstone, founded in 1997, will be debuting one of the industry's most significant product lines at AAPEX.. STP® TOOLS. STP® means Power and Performance - critical measurments for power tools and automotive accessories. STP® is a trusted, leading brand associated with high quality products and a loyal following. We'll also be exhibiting our Pathway™ Lights (task & travel reading lights),Simply Comfort™(MP3 Speaker and Memory Foam comfort products),& Souvenir Direct™ deluxe key chains
Brands:
STP® TOOLS, Pathway™ Lights, Simply Comfort™, Souvenier Direct™
Categories
# Accessories & Custom
## Emergency vehicle starting
## Lighting- vehicle interior
## Power inverters/modules- AC
# Consumer Products & Service
## Cellular Chargers
## Flashlights/Lanterns
## Key fobs
## Novelties
## Vacuum cleaners
# Tools & Equipment
## Battery chargers & boosters
## Battery testers
## Car wash & cleaning equipment
## Drills- air & electric
## Lighting- portable work
## Polishers- electric
## Sanders- electric
## Saws- electric
## Tire Inflation
edited to add lost formating
AAPEX nuggets
Profile:
Capstone, founded in 1997, will be debuting one of the industry's most significant product lines at AAPEX.. STP® TOOLS. STP® means Power and Performance - critical measurments for power tools and automotive accessories. STP® is a trusted, leading brand associated with high quality products and a loyal following. We'll also be exhibiting our Pathway™ Lights (task & travel reading lights),Simply Comfort™(MP3 Speaker and Memory Foam comfort products),& Souvenir Direct™ deluxe key chains
Brands:
STP® TOOLS, Pathway™ Lights, Simply Comfort™, Souvenier Direct™
Categories
# Accessories & Custom Emergency vehicle starting
# Lighting- vehicle interior
# Power inverters/modules- AC
Too bad they didn't increase the A/S to 2B back in June
then you'd be 1.47B ahead of the game!
Regards
Good News, then!
Still Two more to go!
Mangia!
Regards