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I know it's a message board but you gotta have some idea that I was being sardonic. I can make a pretty safe assumption that every time eleniak was saying "sell sell sell" he or she was too.
I'm gonna get a better price than today
Secret sign from one hodge to the other. Can't hide anything on this board!
No pop, Pop. Sell at the bid. Salvage time.
Yeah, exactly. And they didn't do anything to earn those shares so its not like they care if they sell them for .0001 or whatever. Right. Yeah, the wrecking crew here always setting us straight. hodge is stealing your $ Run
A few lambs. Not just one
Nah. It is a fact that a RS in and of itself is not good or bad for shareholders. But some guys keep pumping that shite about it being bad. So whatever. Sell sell sell. Get out now! No reason not to dump it on the bid. Sell. Period.
Kind of irrelevant to my point. But whatever
Right, only you can tell us how it is. Ok got it.
No way. You convinced me, the way these guys lie! You said it yourself it'll be right back to where we are now after the RS. Pretty sure that was you. So market cap of 50,000$!? Forget about it. Thank you for setting me straight.
Youve finally made me see the light. No point in holding. Especially if you're riding freebies.
Everyone has thought about it. Selling into the bid now. Last chance.
I appreciate what you wrote. Thanks
Can you explain what you mean more. I use etrade pro. I can trade the "d" ticker right away but my original shares don't transfer over right away. So I could buy new ones and sell them but the shares I held before the split aren't available right away. Is there a way around that?
No kind of notification. It just changes in my portfolio from the old ticker to a number, then once it shows up under the D ticker I know it's good to trade.
From what I remember the brokerages aren't the cause for the delay. I think it had to do with the TA or DTC or something related. But its been a while since I tried to understand why.
Some follow up. Another otc stock of mine that just did a RS, happened on 8/15 and this morning both etrade and schwab are finally showing my shares under the "d" ticker. So just under a week for this one.
from what i remember the D stays for 20 days. my experience with etrade and schaub is that it took about 1-2 weeks before i could trade the original shares again.
imo any remarkable volume the first days after the split for CPSZD would represent dilution.
awesome! so his logic wasn't flawed, just misinterpreted. CPSZ is growing revenues.
I don't understand your POV. If he had said profit what you wrote would make sense to me. But regarding revenue he sounds on point.
It's this kind of stuff that gets annoying. I'd imagine he's talking about the dildo comments. But you write another 3 paragraphs of the same stuff.
This whole bashing group is unreasonable in that if you say anything that isn't bashing you must be saying "3.00$!" And "nasdaq here we come!"
I understand that. But there's a lot more of the other.
Because I like this stock. IMO we're close to the point where they can't sustain the growth available to them with becoming fully reporting.
Only time will tell. But it sure does get annoying to read this crap about "they lied" over and over and over and over and over again. It serves no purpose.
If someone expects that then they have absolutely no business investing in a non-reporting-pink-sheet-stop-sign. I'd consider it a lesson. In fact, I'd avoid OTC stocks altogether.
Didn't you know the kiosk says "congratulations you are the 1,000th DUI this month and your transaction fee is waved!"
Not many reasonable people left here. I appreciate your transaction breakdown.
Who is "he". Please re read what I wrote.
6. HAL sells AOTs.
Is "DR" code for the "brilliant trader" that put 1115k @.0055? Then yeah DR killed it.
Looks like its trading at 1.00 now doesn't it?
I agree, blind optimism is a great way to describe believing a PR that says "we plan to be fully reporting by blah blah date" vs actual history. It's too bad so many people had to learn their lesson about stop signs here.
4. AOT works better than claimed
LMAO Real DD says this pipeline is not being built yet...
"The Company's key business objectives for 2013 are to continue our focus towards increasing oil production and oil reserves at the Crossroads and Milnesand oil fields, to further evaluate the infill potential at the Chaveroo oil field, to further the permitting and potential construction of our Cortez to Milnesand pipeline connecting Kinder Morgan's Cortez CO2 pipeline to our Milnesand and Chaveroo oil fields by September 2015 and to continue our successful compliance activity across our oil fields."
this must be posted on the wrong board right? well just in case it wasn't check your DD, people are buying here because of an anticipated spinoff/asset sale/merger. not because we like the putt putt shop.
AASP = same player as SPEA, do some DD on how they paid off debt. It's a good read.
what do you mean by promo? oh nevermind i realize this was posted by mistake, this is the AASP board. here is some info on AASP
look at this history of AASP/SPEA
Deja vu? Or strait up COPY CAT?
http://www.sec.gov/Archives/edgar/data/930245/000094883003000086/aasp.txt
http://www.sec.gov/Archives/edgar/data/793044/000094883002000092/spen10k.txt
Sports Entertainment Enterprises, Inc. ("SPEA" or the "Company", formerly Las Vegas Discount Golf & Tennis, Inc., "LVDG"), in 2002, completed the following transactions:
(1) the spin-off of its All-American SportPark ("AASP", a publicly traded company) subsidiary on May 8, 2002, and
(2) the sale of its LVDGT Rainbow, Inc. subsidiary, as of August 31, 2002, to SPEA's President in exchange for the cancellation of debt owed to SPEA's President.
The LVDGT Rainbow, Inc. subsidiary owns and operates a golf and tennis retail store in Las Vegas and is also referred to as the Rainbow Store. The result of these two transactions leaves SPEA with no continuing business operations. See "BUSINESS OF THE COMPANY" below for additional information on the Company's ongoing activities.
SPEA acquired AASP in February 1988, from Vaso Boreta, who was its sole shareholder. Vaso Boreta serves as the Company's Chairman of the Board, President and CEO. He also serves as the Chairman of the Board of AASP.
The Company's business began in 1974 when Vaso Boreta opened a "Las Vegas Discount Golf & Tennis" retail store in Las Vegas, Nevada. This store, which is still owned by Mr. Boreta, subsequently began distributing catalogs and developing a mail order business for the sale of golf and tennis products.
In 1984, the Company began to franchise the "Las Vegas Discount Golf & Tennis" retail store concept and commenced the sale of franchises. As of February 26, 1997, when the franchise business was sold, the Company had 43 franchised stores in operation in 17 states and 2 foreign countries.
In 1990, the Company opened its first company-owned store in Las Vegas (the "Rainbow Store"), which served as a showcase and training center for franchisees. This store was sold to Vaso Boreta as of August 31, 2002.
AASP operated the business of franchising "Las Vegas Discount Golf & Tennis" stores and developed a concept for a sports-oriented theme park; See "BUSINESS OF THE COMPANY." AASP was a wholly owned subsidiary of the Company until December 1994 when AASP completed an initial public offering of its securities. Subsequent to this offering, the Company owned a majority of AASP until May 8, 2002 when the shares of AASP held by the Company were distributed to the Company's shareholders.
On December 16, 1996, the Company and AASP entered into negotiations pursuant to an "Agreement for the Purchase and Sale of Assets" to sell all but one of the four retail stores owned by the Company, all of the Company's wholesale operations and the entire franchising business of AASP to Las Vegas Golf & Tennis, Inc., an unaffiliated company. On February 26, 1997, the Company and AASP completed this transaction.
In connection with the sale of the above-described assets, SPEA and AASP agreed not to compete with the Buyer in the golf equipment business except that the Company is permitted to sell golf equipment at AASP's Callaway Golf Center business.
In addition, the Buyer granted Boreta Enterprises, Ltd., a limited partnership owned by Vaso Boreta, Ron Boreta - Vaso Boreta's son and the President of AASP, and John Boreta - Ron Boreta's brother and a principal shareholder of SPEA, the right to operate "Las Vegas Discount Golf & Tennis" stores in southern Nevada, except for the Summerlin area of Las Vegas, Nevada. Likewise, the Buyer is restricted from operating stores in southern Nevada except for the Summerlin area of Las Vegas, Nevada.
The Company's continuing operations consist of the management and
operation of a golf course and driving range property called the Callaway Golf
Center. In May 2001, the Company issued a 35% interest in the Callaway Golf
Center to the property's landlord in exchange for forgiveness of back rent due
the landlord.
RESULTS OF CONTINUING OPERATIONS - YEAR ENDED DECEMBER 31, 2002 VERSUS
YEAR ENDED DECEMBER 31, 2001
REVENUES. Revenues decreased 4.4% to $2,320,184 in 2002 compared to
$2,425,781 in 2001. The decrease is due mainly to an approximate 10% decrease
in golf course rounds played in 2002 attributed to less favorable weather
conditions in the first and third quarters of 2002.
COST OF REVENUES. Cost of revenues decreased 5.4% to $310,501 in 2002
compared to $328,353 in 2001. Cost of revenues as a percentage of revenues
was 13.4% in 2002 compared to 13.5% in 2001. The decrease for 2002 is
primarily due to lower direct payroll costs related to the decrease in revenue
above.
SELLING, GENERAL AND ADMINISTRATIVE ("SG&A"). SG&A expenses consist principally of payroll, rent, professional fees and other corporate costs.
The decrease of 5.9% to $1,954,172 in 2002 from $2,076,322 in 2001 is due to a combination of the following: (1) corporate overhead decreased 19.1%, or about $62,000, due to cost reductions in payroll, legal and professional fees, utilities and other office expenses, and (2) SG&A for the Callaway Golf Center decreased 3.4%, or about $60,000, due to (a) decreases in advertising, contract services, property taxes and property insurance, and utilities aggregating approximately $120,000, offset by (b) an approximate $60,000 increase in legal fees associated with the construction defect case that the Company, as plaintiff, settled in March 2003.
IMPORTANT!!!
Page 2
On October 19, 1998 AASP sold 250,000 shares of its Series B Convertible Preferred Stock to SPEA for $2,500,000.
SPEA had earlier issued 2,303,290 shares of its Common Stock for $2,500,000 in a private transaction to ASI Group, L.L.C. ("ASI").
ASI also received 347,975 stock options for SPEN Common Stock at an exercise price of $1.8392 per share through October 19, 2008. ASI is a Nevada limited liability company whose members include Andre Agassi, a professional tennis player.
SPEA converted the 250,000 shares of its Series B Convertible Preferred Stock in AASP into common shares on a one for one basis just prior to the distribution of the AASP shares to SPEA's shareholders on May 8, 2002.
On July 3, 2002, the Company's shareholders approved the sale of the Company's subsidiary, LVDGT Rainbow, Inc., to the Company's President. The purchase price was $347,000 paid by reducing amounts owed by SPEA to Rainbow. As additional consideration, the Company's President forgave all remaining amounts owed to Rainbow by SPEA at the time the transaction was approved, which amounted to $267,000. The sale closed August 31, 2002.
On July 3, 2002, the Company's shareholders approved a one for two reverse split of the outstanding shares of Common Stock, and approved an amendment to the Company's Articles of Incorporation to increase the number of shares of authorized Common Stock from 15,000,000 shares to 100,000,000. The reverse split became effective on July 16, 2002. The reverse split has been given retroactive effect throughout this Form 10-KSB.
The Company's primary objective at this point is to seek out and pursue a transaction with a business enterprise that might have a desire to take advantage of the Company's status as a public corporation. There is no assurance that the Company will acquire a favorable business opportunity through such a transaction. In addition, even if the Company becomes involved in such a business opportunity, there is no assurance that it will generate revenues or profits, or that the market price of the Company's common stock will be increased thereby.
Investment was effected pursuant to a Purchase Agreement,
dated as of December 15, 2004 and amended as of February 7, 2005, by and among RFX, the Issuer, Ronald S. Boreta, Vaso Boreta, John Boreta, Boreta Enterprises Ltd. and ASI Group LLC (collectively, the "Principal Stockholders").
In accordance with the terms of the Purchase Agreement, RFX contributed $3,046,407 in cash to SPEA in exchange for 30,464,072 newly issued shares of Common Stock.In addition to the shares purchased directly from the Issuer, RFX received warrants to purchase (i) 6,828,938 shares of Common Stock at $1.00 per share, (ii) 6,828,938 shares of Common Stock at $1.50 per share, and (iii) 6,828,939 shares of Common Stock at $2.00 per share.
The warrants are exercisable for a period of two years following the closing of the RFX Investment. Simultaneously with this exchange, RFX also acquired an aggregate of 2,240,397 shares of Common Stock directly from certain principal stockholders of the Company a price of $0.10 per share. RFX financed the RFX Investment with a contribution of equity by the members of RFX, including the Reporting Person. Immediately
Quote
AASP
As of March 31, 2013, we had 4,522,123 shares of our $0.001 par value common stock issued and outstanding. We had no new issuances during the period ended March 31, 2013.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3093187
http://www.sec.gov/Archives/edgar/data/930245/000094883003000086/aasp.txt
http://www.sec.gov/Archives/edgar/data/793044/000094883002000092/spen10k.txt
On June 15, 2010, the Company entered into a Stock Transfer Agreement with Saint Andrews pursuant to which the Company transferred 49% of the outstanding common stock of All-American Golf Center, Inc. ("AAGC"), a subsidiary of the Company, to Saint Andrews Golf Shop, Ltd. ("Saint Andrews") in exchange for the cancellation of $600,000 of debt owed by the Company to Saint Andrews. The transfer of 49% of the common stock of AAGC was authorized by the Company's Board of Directors.
Saint Andrews is owned by Ronald Boreta and John Boreta, his brother. John Boreta is also a principal shareholder of the Company. The debt owed by the Company to Saint Andrews was from advances made in the past by Saint Andrews to provide the Company with working capital.
DD from JT THE DD KING
thanks JT
check the DD boomer 23 posted regarding EOR, might save someone from making a bad investment
everyone here agrees they need audited fins, so we can move past that
i want to clarify your prediction that in six months after the split the price will be right back where we are today, giving us a market cap of what, 50k?
"They do the RS to hike the price up, we can't sell to get out because there isn't any demand for that many shares. Diluted into the bid, back where we are now within 6mo."
everyone here bought into a stop sign, so no obviously that fact is not enough.
"SUCCESFUL PROFITABLE COMPANIES DON'T DILUTE FOR FINANCING"
what about rapidly expanding start-ups
what in particular did you see in the fins they put out that seemed suspect?
just so we are all clear, Dieselkiller are you predicting a market cap of $47,400 in 6 months?
"They don't get that that would max out the authorize both before and after the r/s."
that's one part that you keep saying that i dont get.
if they dump everything possible and had 2 bil OS before the split. post split we'd have 20 mil OS
and then 2 bil authorized would still become 100 mil authorized post split.
but dont get me wrong I still dont see them dumping 1 bil shares unless overnight they change and become some promo dumping co.
just wonder how many of us are there.