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As always, to the point. Excellent
SPNG is Nr. 1 and will remain NR. 1 for a longtime. All will be fine, takes some time but it is worthwile to wait.
http://www.sears.com/shc/s/s_10153_12605_Bed%20&%20Bath_Bath%20Essentials_Bath%20Accessories%20&%20Collections#viewItems=20&pageNum=1&sortOption=UNITS_HIGH_TO_LOW
I appreciate your constructive help, however, this all is well documented in the 10K. With ref. to Licensing and Distribution all can be found on pag 10 of the recent filing. These agreements are clear stipulated and to fullfill them, it won,t be an easy task, however, this is part of the business.
But, what remains open is the following: Patents and Trademarks:
"The initial application for trademark protection for the "Ionic Bulb" brand name was rejected. There is no assurance that trademark protection will ultimately be procured.Notwithstanding, Mr. Ryu,s and our efforts (ZVTK) to protect proprietary rights in the Inonic Bulb, existing trade secret, copyright, and trademark laws affor only limited protection. Further, the assignment of the US Patent Application by the co-inventor has not been perfected by filing with the USPTO. Until such time as the filing is perfected, it is possible that the co-inventor could license the Ionic Bulb to another party."
In short: Mr. Ryu knows his weak position and therefore decided to take a weak partner. A strong company would not have touched it, because the are aware of a legal bombardement if somebody else puts his fingers on this point. Furthermore, ZVTK has a very weak board - ask them for a public CV of this people - and then you will see. A strong board would think twice about their strategy and they are walking on very thin ice. If you study the Ionic Bulb literature you will find enough hints about possible inventors. ¨
If the company can public state, that they own the patent and that the patent rights have been approved and no further questions have been asked, I am willing to change the approach to evaluate this company, until then I will have my doubts. Money is made by digging into it and asking questions if this is not done or not allowed, I am pretty sure, no small- nor medium term fund will touch this company and ZVTK needs investors with deep pockets if they are true and want to grow.
That is the financier of ZVTK. It started with Diet Coffee now the bulb story is on the table. Based on the 10K filing, Interstellar is the loan giver. For this reason ZVTK had to increase the authorized to 5 Billion, that they have enough shares to supply to Interstellar - convert debt into equities - then create a story and sell it to the naive investors. Done with companies like USXP, QMIN, BSLM (know BSOM). Just look at all those name - take your time and study the 2 years records - then you will realize what to expect with your money.
There’s a person named Tarun Mendiratta who was recently indicted and pleaded guilty. His sentencing is in January, 2010.
http://viewer.zoho.com/docs/ibaccKf
Go to the SEC website and search the name: Tarun Mendiratta
Tarun was involved in USXP.
Read how Tarun dumped shares of USXP on the market.
(There’s currently a grand jury investigation on USXP.)
http://viewer.zoho.com/docs/tiScda
http://viewer.zoho.com/docs/fjbr2
Tarun Mendiratta owns a company named: Interstellar Holdings.
“This Exchange Agreement (“Agreement”) is made as of June 26, 2009 by and among Quest Minerals & Mining Corp., a Utah corporation (the “Company”), and Interstellar Holdings, LLC (the “Investor”).
From May, 2006 to June, 2007, Tarun Mendiratta and Annette Hunter invested an aggregate of $925,313 in the Company, as set forth in Exhibit A hereto.”
http://www.sec.gov/Archives/edgar/data/1...
In October 2008, the Company received a Wells notice (the “Notice”) from the staff of the Salt Lake Regional Office of the Securities and Exchange Commission (the “Commission”) stating that they are recommending an enforcement action be filed against the Company based on the Company’s financial statements and other information contained in reports filed with the Commission for the period 2004 and thereafter. The Notice states that the Commission anticipates alleging that we have violated Sections 10(b), 13(a) and 13(b)(2) of the Securities Exchange Act of 1934, as amended and Rules 10b-5, 12b-20, 13a-1 and 13a-13 thereunder. The Company contends that the Company did not commit any wrongdoings or the violations referred to in the Notice. The Company cannot predict whether the Commission will follow the recommendations of the staff and file suit against the Company. If any enforcement proceeding is instituted by the Commission, and intends to vigorously defend itself against the Commission’s claims.
http://www.sec.gov/Archives/edgar/data/1...
Good post, but one name you forgot ZVTK. On this one he is playing the same game. Read the 10Q then you will see the loans given from Interstellar to ZVTK. One thing you have to admitt, whenever he wants to get rid of his converted shares, the public-relation drum is in full force and the naive investors jump after.
Before you go out and mortgage your house, think of the following. IT-Companies, if traded have a P/E of 1 to 1.5. Why, because their only revenues are from service. So the market has no perception to give them a higher growth rate. Or better said: Those companies are not innovative. Now ZVTK is not innovative either: They order a product from a producer, then bear all the costs for marketing, distribution etc. and if god-will, they are left with a margin of 5 to 10 %. Now lets assume, ZVTK, after bearing all the costs for advertising, commercials et. is still in business, would have to sell -today - up to 35 Mio $ goods to justify the capitalisation. As everybody is aware, the authorized has been changed to up to 5 Billion (reason is known, as the loan giver Interstellar or call it Mendiratta Tarun (see QMIN and BSOM - former BSLM) wants to convert his loans into shares and therefore wants to sell his shares to the dreamers) and this 5 Billion shares very soon will be in the market which at todays price would give a cap of approx. $ 12.500.000 and which of course would mean that the company would have to sell bulbs for approx. $ 125 Mio to retain 10 % after tax. which of course would give approx. 12.5 Mio. If you believe in that, then you believe in everything. To remaind you: Go back and study the 2 years charts of QMIN. To the same with BSOM (former BSLM - so the history may not be shown) and then you will know what to expect. But of course, you will not have to go that far, lets stay with ZVTK: In December 2007, ZVTK was as high as $ 2.-- (Diet Coffee time. Did not work, although the whole world drinks coffee, but people believe in the story and lost money. Then they moved over to bulbs -which is even more overcrowded than coffee- and made annnouncments - see my previous post - about orders 2007, means the revenues should have come in in 2008. So, the stock having lost almost 90 % from $ 2.-- recovered from approx. $ 0.10 to 0.60 during April - May 2008 until some smart people realised, that they go trapped again and then from 0.60 the stock lost again almost 90%. And now, the same game starts again. But if you go back and study the 10K and the loans, then you will realize as well, that whenever a loan is due to be converted, the game starts all-over again.Promoters are paid to write articles - if one reads them although one has to wonder if they ever reached the 5th grade - One really has to wonder, how many times people have to get screwed. When Madoff went under, the whole world screamed, but here, it is even worse, you get screwed in front of your nose, but most people don,t read the filings or don,t even take the time to look at the history. An old Hebrew proverb says: The 2 most common elements in the universe are Hydrogen and stupidity.
The only problem is, that they do not own the patents. Read the recent 10K filing. ZVTK doesn,t own anything. They are no more than a intermediare who has the exclusive right to sell a product, however, based on a very clear licencing agreement (call it franchise or whatever you want) which - if one takes the time to read it - may throw this company out of business sooner than later. Worst to the point, the party from whom the took the licence, doesn,t own the patent either. If you question me: Just go back and study the recent filing. Written in black and white.
Finally somebody sees the picture, thanks good, I feelt lonely out there
Announcments: You may remember this announcment from December 6. 2007.
Article: Zevotek, Inc. Receives Purchase Order for Ionic Bulb Product from 24-Hour United Kingdom Television Station.
Article from:PR Newswire Article date:December 6, 2007CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
Article: Zevotek, Inc. Receives Purchase Order for Ionic Bulb Product from 24-Hour United Kingdom Television Station.
Article from:PR Newswire Article date:December 6, 2007CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
Well, this must have had a huge effect on the balance sheet of ZVTK!!!!!Before you call me "ironic" study yourself the consolidated statements of operations for the period 2008. So before you mortgage your money based on certain releases done by this company, just be very careful.If this company goes the same trail as all other companies that have been under the "umbrella" of the loan-giver, then you can expect a lot of Reverse Splits down the road, as the present ceiling of 5 Billion wont go very far. Happened to QMIN and BSLM (new BSOM) and others. Just do your homework, before you get to heavy involved.
No General Electric - absolut the right quote - and they never will be. First they were dealing with slim coffee - did not work - now they are dealing with Ionic Bulps, however, they do not own the patent rights and everybody out there could take them out of the market. They do not even have the funds, to pay for what they intend to sell, as - based on the agreement they signed - they need a very heavy turnover to fullfill the Licensing Agreement they signed with Ryu.There are some other preambles attached to this agreement, that I would not be surprised if the company would be out of this business within the next 3 months. Further, whenever they issued a statement, they had to correct it - not in public - but in their filings. Among others, just to give 2 examples:
On August 25, 2009 we announced that we had completed an extensive search in order to increase sales and presence in the retail markets and is close to completing a sales partnership with ELS Group LLC of Danbury, CT. Since that announcement, we have terminated negotiations with ELS Group due to disagreements which arose during negotiations of the definitive agreement. We are continuing our efforts to determine the most efficient and effective way to increase sales in our target markets.
On October 30, 2009, we issued a press release announcing that an infomercial featuring our ionic bulb would start airing in Europe in the first week of November 2009. Due to the backlog with our media partner the airing has been delayed. We currently expect the infomercial to air in December 2009.
Then on Oct.21, 2009, they announced, that they have received an order of $ 1.1 Mio. Well, if you go and analyse this statement, then it is very fragile, if this order ever will be executed. The following statement should raise a red flag:
The distributor is permitted under terms of the order to NOT request any shipment of the Ionic Bulb. The order calls for the distributor to begin requesting shipments of the Ionic Bulb during the first calendar quarter of 2010. The prices set forth in the order received and any additional order the distributor may place in 2010 is not subject to change. Zevotek has not yet directly discussed the order with the manufacturer of the Ionic Bulb.
ZVTK is smart enough to hedge themselves. On one hand they release certain announcments to lift the stock, so as the largest loan-giver can sell (You still wonder why they increased the O/S to 5 Billion), but on the other hand they give hints, that nothing may come out of it. I stick with my assumption, there will be more of disenchanted with the management.
Now before you start to yell about bashing a stock, I would like to remind you, that a board consists of 2 opinions - pro - contra. If the pro,s cannot stand the contra, it is not a very good sign. If you think, I am wrong with my description of the situation, tell me, I am willing to learn, but do not excuse yourselves by calling everybody a basher, who has a second opinion.
Because QMIN is in the hands of the same loan-sharks like ZVTK. What a merry-go-round.
VOLUME? the present volume represents approx. $ 29.000.-- Look at the size of the transactions and then you know, there are no smart buyers around and why, because they are smart and this company is nothing more than a tool for certain people, to get cheap shares through conversion and then to sell it to an uninformed public. With a cap. of $ approx. 3.4 Mio they will have to sell a lot of their "candles" to justify such an evaluation. You know revenues will be one thing, what is left under the table another one. If you don,t believe - study QMIN - same Loan-Sharks in - they produce but the deficit get,s bigger and bigger and the losses for the bagholders a nightmare.
Where is the patent? They have non. See quote from the 10K Oktober filing. Every competitor could copy it and here you go. Besides diluting the stock to dead this is another negativum.
"The
owners of the Ionic Bulb have filed U.S. and foreign patent applications for the
Ionic Bulb. Our success will depend in part on our ability to obtain
United States and foreign patent protection for the Ionic Bulb and operate
without infringing the proprietary rights of third parties. We place
considerable importance on obtaining patent protection for significant new
technologies, products and processes. Future enforcement of patents
and proprietary rights in many other countries may be problematic or
unpredictable. Moreover, the issuance of a patent in one country does
not assure the issuance of a similar patent in another country. Claim
interpretation and infringement laws vary by nation, so the extent of any patent
protection is uncertain and may vary in different jurisdictions. Our
domestic patent position is also highly uncertain and involves complex legal and
factual questions. In addition, the assignment by the co-inventor has
not yet been perfected in the US Patent and Trademark Office. Until
such time as this assignment is perfected, the co-inventor could license the
Ionic Bulb technology to another party. The applicant or inventors of
subject matter covered by patent applications or patents owned by us may not
have been the first to invent or the first to file patent applications for such
inventions. Due to uncertainties regarding patent law and the
circumstances surrounding our patent applications, the pending or future patent
applications we own may not result in the issuance of any
patents. Existing or future patents owned by to us may be challenged,
infringed upon, invalidated, found to be unenforceable or circumvented by
others. Further, any rights we may have under any issued patents may
not provide us with sufficient protection against competitive products or
otherwise cover commercially valuable products or processes."
OUTSTANDING AS OF
As of October 8, 2009, 703,885,307 shares of our common stock were issued and outstanding.
As of November 11, 2009, 1,173,461,407 shares of our common stock were outstanding.
A difference of 470 Mio shs. within a month. A rather heavy printing press and you are the buyers of those sellers. What a business. A very old rule says: Never ever buy a stock, where the outstanding explodes due to conversion of loans, because the need volume and a story to get rid of their shares and once sold to you, they take 10 % of the proceeds (90% goes into their savings account) and make a new loan to the company. Won,t take long, to reach the 5 Billion authorised, but thanks to all of you willing buyers, it wont hurt the seller, on the contrary, because you make it possible.
Go and read the latest 10 Q on page 6, where it says, that $ 20.000 have been converted into 20 Mio shs. A form 3 Filing would give more details about this major owner as has been reported by the company. There is only one problem, the name is on thing, but the mentioned company doesn,t come up on a search machine in Switzerland. Believe the CEO what you want, he says what has to be said and this for years already. So Interstellar may be out, but not gone.
Before you argue with the word bashing, at least read that summary from yesterdays 10Q filing. THIS ARE FACTS ISSUED BY THE COMPANY.
Interesting 10Q but not surprising. Here are a few highlights:
As of November 11, 2009, 1,173,461,407 shares of our common stock were outstanding.
Total deficiency in stockholders' equity ($1,509,863 )
Sales $ -
Net loss before provision for income taxes (294,261 )
a) On May 14, 2008, the Company entered into a convertible term note bearing interest at 10% per annum with a maturity date of May
14, 2010. At any time at the option of the note holder, principal and interest payments may be paid in common stock at a conversion
price of $0.0001 per share (see below).
b) On May 27, 2008, the Company entered into a convertible term note bearing interest at 10% per annum with a maturity date of May
27, 2010. At any time at the option of the note holder, principal and interest payments may be paid in common stock at a conversion
price of $0.0001 per share (see below).
c) On January 1, 2008, Company entered into a convertible term note for the principal amount of $50,000 bearing interest at 7% per
annum with a maturity date of June 30, 2008. This note is convertible into common stock at 90% of the common stock closing price
at June 30, 2008, or approximately 370,000 shares of common stock. The Company is in default of payment of principal and interest
on the note and the Company is in discussions with the note holder about amending the conversion terms to cure the default.
d) On January 8, 2009, the Company entered into a convertible term note bearing interest at 10% per annum with a maturity date of
January 8, 2011. At any time at the option of the note holder, principal and interest payments may be paid in common stock at a
conversion price of $0.0001 per share (see below).
e) On March 9, 2009, the Company entered into a convertible term note bearing interest at 10% per annum with a maturity date of March
9, 2011. At any time at the option of the note holder, principal and interest payments may be paid in common stock at a conversion
price of $0.0001 per share (see below).
f) Of the convertible term notes entered into on May 14, 2008, certain notes having a principal amount of $7,932 and $7,932 as of
September 30, 2009 and June 30, 2009, respectively, were not amended with respect to their conversion price and, at any time at the
option of the note holder, principal and interest payments may be paid in common stock at a conversion price of $0.001 per share (see
below).
g) On July 28, 2009, the Company entered into a convertible term note bearing interest at 10% per annum with a maturity date of July
28, 2011. At any time at the option of the note holder, principal and interest payments may be paid in common stock at a conversion
price of $0.0001 per share (see below).
Cash and cash equivalents, end of year $ 66
Adjustments to reconcile net loss to net cash used in operating activities:
Common stock issued for services rendered 116,093
No; it shows you have never been in this business. You pay for it, that (1) they take your product and (2) promote it. It is that simple.
By the way; I am not here to bash this stock, why should I, I just read the filings to find out, if it is worthwile to invest in this stock. Based on what I read and based on various links which have been taken up by other posters, I decided to stay away. You can do with your funds what you like, but at least take the time and read "all" what has been filed yesterday by the company.
Select your choice.
http://www.mediashop.tv/?id_w=44
Media Shop will promote everything if you pay them. It is called the Bazar for frustrated ladies and widows. There is nothing on this earth, which is not promoted by Media Shop, but as I said, it has its price, you pay for it. That simple.
Yes, they will get a new loand from Interstellar. Interstellar already gave loans and is able to convert it into shares at 0.0001. These shares will be sold to the "dummies" at 0.0030 and so on and so on. By the way, the text of the press release is not that all clear.
Okay, forgot to copy the text: My opionion: A LOT WILL HAPPEN BEFORE IT HAPPENS.
The order calls for the distributor to finance their purchase order using bank letters of credit. The order permits the distributor certain flexibility including the timing of shipments, quantities of Ionic Bulbs for each shipment and the voltage and wattage types of Ionic Bulbs to be shipped. The distributor is permitted under terms of the order to not request any shipment of the Ionic Bulb. The order calls for the distributor to begin requesting shipments of the Ionic Bulb during the first calendar quarter of 2010. The prices set forth in the order received and any additional order the distributor may place in 2010 is not subject to change. Zevotek has not yet directly discussed the order with the manufacturer of the Ionic Bulb.
Taken out from the press-release of ZVTK: Of importance: Read this well; if you are a lawyer, then all bells should be ringing, if you are not a lawyer, just use common sense and dont, expect to much.
Can you tell me, who ordered it?
Commercials. If you wait for them, you should read yesterdays filings. This is all a very big Scam. See the Text; at least they know, they cannot fool the SEC but they know as well, investors are not reading 40pages. If you loose your money and complain, they will say: Hey we filed it:
READ:
On October 30, 2009, we issued a press release announcing that an infomercial featuring our ionic bulb would start airing in Europe in the first week of November 2009. Due to the backlog with our media partner the airing has been delayed. We currently expect the infomercial to air in December 2009.
Stockguru, I even agree with you with your statement. Trading a stock based on momentum and hype is the plan of the game, however, you have to be an astute trader to catch the move and you have to know where to put the stops. I do assume, that you belong to this species and I even do admitt, that I trade as well, but this is only one side of the coin. The other side, if somebody buys the stock for his IRS account because he or she really believes the story, then I have my problems, because the people involved in this SCAM don,t care about those losses and you can take it or leave it, but as another Post mentioned on I-Hub, the people behind ZVTK are the same people who have been and still are behind a couple of other companies and people lost all. It is a repeating story and maybe on this point you will agree with me, that is not the way it should be. In short: If somebody plays the game for technical reasons, so be it, but if he or she invests for fundamental reasons, then they should be remainded that those who gave the loan to the company are laughing all the way to the bank for this kind of stupidity.
The dilution comes from the conversion of the loans Interstellar has given to ZVTK (See message board 9729) who is behind Interstellar. It is a money-printing press: Give the loan - convert back to stocks - see yesterdays filing and then you see the conditions -. Again, why would you pay, let,s say in the market $ 0.025, when the other guy get,s his shares at 0.001 and then sells it to you. Nobody, once this charade is over, should then come out and complain, all was clear from the beginning.
Finally, somebody says it as it is. Reading the released filing and seeing all loans from Interstellar and the conditions for conversion, I am really wondering how stupid somebody can be to buy this stock. It will end like all other companies Tarun had his fingers in, in a total loss.
Final challenge: Why would you pay for the stock $ 0.0023, if you can give a loan to the company with interest (convertible) and you can convert the loan back to (unrestricted shares) equity at 0.0001. (See last 10K filing and make your Math.) If somebody can give me 1 kosher reason to be a bagholder who pays 1o times or 20 times more than the one who gives the convertible loan (by the way at 10%) , I will be very happy. Once this formula is understood, then it is understood as well, that those who give the loan and convert it, have a vested interest that the stock get,s momentum to the upside, so as to sell their shares. Once they are done, down you go. Those repeating patterns are visible to see for those who want,s to see it.
No crusade or bashing, just doing the due-dilligence. As everybody, I like to make money. But before I invest $,s I want to make sure, I did my homework, because at the end, I can only blame myself. I wan,t to understand why I made money, so as to repeat it and I do want to understand why I lost money, so as to learn from it. My verdict in ZVTK is clear, I will not touch it and I will not have tears in my eyes, if the stock is manipulated upwards to lull in naive investors, it is the end that justifies the means. But everybody should do his own homework and the only reliable source - unfortunately - are the 10K,s and 10Qs. Although, it is always in hinsight, some chapters are clearly enough to point into the future. ZVTK problems are an open book, but one has to go through the 63 pages of course.
There is a simple solution to all this:
Page 19 of the 10K filing: Recent Sales of unregisterd Securities:
1.) 78.500.000 shs. versus the aggregate principal and interst amount of these notes that were converted was $7.850.-
2.)420.299.500 shs. versus do - $ 42.029.95
In sum: A total of approx. 500.000.000 shs. versus Capital of $ 50.000.-- I really hope, that even the most naive readers get,s slowly to the point what this means. A company get,s $ 50.000.-- and versus that is losing 500.000.000 shs. For those who gave the loan, huge business and for this reason of course they need the stock to go up, so as they can sell. Then they turn around, give part of the selling proceeds back to the company and start the game all over again. This is the reason why, Zevotke had to file the increase of the authorised up to 5 Billion. You never ever will make money with such kind of structured company, it is only those who give or gave the loan - toxic loan -. Examples out there are plenty.
1O K filing - go and read page 3 and 4 under Licence Agreements:
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=6837388
Competition is huge and the market is overcrowded. Just as a small example:
http://www.alibaba.com/showroom/Ionic_Bulb.html
Click on the various countries as well to see what is available.
By the way, why should I be frustrated. Screening stocks to find a tradeable situation is not unique, however, if I find out, that behind the wall, a dilution-printing-press is working, I am for sure smart enough not to get burned. To help you further: Doing commercials in the USA and in Europe, means very quickly hard$,s in the size of $ 3 to $ 5 Mio. If you do it at the low end, you may get away with up to $ 1.5 Mio. Now, please tell me, from what source should the money come from. I tell you: You give a loan to the company and then you convert the loan into stocks - equity - with a toxic preamble attached and here the printing press goes. Maybe you have to wait for the next 10K to understand what I am talking about.
If you study the background of the company, you won,t find much and if you don,t believe it, ask the company to confirm as to how many people are employed for this company, you will find out rather quickly, that this is a 2 or 3 men show. I have been in the distribution business and I am still involved on an advisory level and I know what it is needed to make decent money and what costs you have to carry on and what NET-turnover you have to fullfill, so as not to loose the exlusive rights . A simple question: On October 27, they announced a new board member in the name of Ms. Tovar. I haven,t seen a CV about this person, with which company she was employed and took an executive position; why? Further, on Nov. 4, they announced the hiring of a president in the name of Carlson. I haven,t seen a CV about this person only that he comes from J.P.Morgan Chase; why? Reading these 2 press-releases it doesn,t mean anything, it is not specific either and based on that you cannot define, if those people ever have been effective running a business or have been successful on an advisory level. In short: I doubt, that ZVTK will achieve the requested benchmark and I am pretty sure, that problems will become visible sooner than later. For educational advise: Go the the 10K filing, released and filed on October 13, 2009 and then go to page 3 and 4 under the title " Licence Agreements, Trademark and Patents.". Nothing more to add.
AUTHORIZED 5 BILLION SHS. SEE FILING
http://biz.yahoo.com/e/091019/zvtk.pk8-k.html
They increased the authorized from 1 Billion to 5 Billion. This should make clear, what to expect,dilution, dilution and big losses for every shareholder.
No Competition; you must dream. Even the company mentions competion - and this not in a small scale - in their latest 10K filing. But of course, one should read it first
You have no idea what it costs to penetrate markets like Asia and Europe. They are selling a product, which is not unique, maybe for you, but competition in this field is rather overcrowded and this by heavy hitters. Comes to it, that they do not even own the patent, the pay for the licence, but the terms of the licence are clear - See latest 10K filing - and I have my doubts, if they gonna make the requested figures. In short, they are nothing more than a distributor of a product. If you ever have been in that business, then you know, the margings are nothing to write home about. First you pay for the licence, then you pay for the production, then you pay for marketing - and this is costly - and then you pay the retailer, that he takes your prodcut etc.etc. Not much left at the end. You need a very large volume to make a decent return on your investment. This company, for sure is not the right one.
You don,t get it. Read again the last 10K filing and read it well - and in case you understand the legal terms - read as well the licence agreement. Now, please tell me, how the gonna survive. They do not have any money and the competition in their field is huge. But again, it is your money, so enjoy a momentum ride but this is all what you gonna get.
Momentum is the rule of the day. Fundamentally, this company has no money, but a record of authorised shares. You all will be diluted the very big way. Go and read the last 10K and then you will know what I am talking about. The people behind this scam have been involved in many other companies. But, it is your money and do not say: I haven,t been told
Congratulations for this presentation and thoughts. Go fully with your opinion, very good news.
Before you invest in this company, take your time and study the recent K10 filing.
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=6837388
This company has no funds. This company is refinancing itself through the sale of stocks and loans -(toxic) (5 Billion shs. authorised) The licence agreements are based on conditions, which look to me worse than a minefield. Etc.Etc. At least nobody can blame the company, that they did not tell white and blank, how desperate their situation is. But as always, do your own homework and if you still feel, you should invest in this company, you would be better of, to send it to a charity, with the latter, you could at least deduct it from the taxes and have a well-being feeling.
I fully agree with you. There is nothing abstract by the present delay. SPNG is for sure well advised by their lawyers and auditors to present the 10K and 10Q in perfect detail, so as no questions will be left. By the way, as SPNG should (has to) defend itself versus the presented civil-lawsuits, would it not be advisable, to get the blessing through their filings with the SEC, so that no judge would allow the civil-lawsuits going forward?! And here is exactly the point for this waiting period; in the meantime, the company is doing business and signing deals and we as shareholders or potential shareholders should accept this calm period. It is in all our interest. Speculation on if and when,s and pressing for releases will not help here, as this is exactly what SPNG should not respond to. They should concentrate on their ongoing business and satisfy all demands with ref. to their filings. Once this all is through: SPNG will be stronger than before and immune against all those unfounded attacks.