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You're right, of course. That's really just a variation of my point. The buyers know that the sellers are in control at the moment, so the .06 and .07 offers are not truly being seen as "bargains."
You're right - a couple of the day-trading chat rooms have been on IMSC the past few days. But this thing is a powerhouse right now even with the intraday ebbs and flows. It was a long time coming since my initial buy at .11, but the company and the stock are now reaching a whole new set of eyes.
Agreed. That .06 offer has been sitting there mostly untouched for a couple of days. And if anyone really thought the stock is cheap here and wanted to build a decent-sized position, he'd probably also lift the 60,000 shares offered at .07.
10-Q filed. Gee, I wonder what this means :)
"Prepaid Expense
During the period the company prepaid $200,000 to outside consultants for services to be performed subsequent to April 30, 2012."
There is no after hours trading on the Pinks.
Interesting. 70,000 bid for at .09, and nothing showing behind the 24,000 offered at .0099 until .0169. Of course, there could be other offers through NITE and ETRF, but still, it looks pretty thin.
Good catch! Whoever wrote those by-laws made a large error, because I'm sure the intention was to refer to a majority of the SHARES (not the shareholders) entitled to vote.
Here are the relevant Nevada statutory sections. I have to get some REAL legal work done today so I'll leave it to you guys to parse this:
http://www.leg.state.nv.us/NRS/NRS-078.html#NRS078Sec320
Just curious, "almost time" for what, in your view? I don't see much happening here other than a flurry of posts.
Good info. You may recall that I wrote some similar things many months ago, in response to rampant misinformation (including such gems as "AIMH is too small to have a Board of Directors").
It's not unusual for an inactive corporation not to hold an Annual Meeting, or for actions to be taken on majority consent without a meeting. But it's true that shareholders elect directors and directors appoint officers, except in very rare instances that are not applicable here, and any purported actions to the contrary are probably not legally valid. It's not clear exactly what has transpired here -- I just hope Mr. Coleman isn't getting his legal advice from legal secretaries (or worse).
So if the stock goes to .0000 you will have a 100% loss.
BLVT
Down 300% since april when will it stop!
If the company is now self-funding out of revenues, that's obviously excellent news. Overhead expenses are very low, so it's possible. I know Dave was diluting responsibly for the past couple of years, only as absolutely necessary to pay bills. But now I'd like to see VNDM get off the offer, because I'm pretty sure they've been selling for someone who has been converting preferred into common.
SC, I've followed EIPC for several years and have always considered it one of my favorite "wild card" stocks, and you've done a great job keeping in touch with Dave, but I'm wondering whether something you posted today was ever corroborated with him - because it seems incorrect to me.
"There is absolutely no dilution at this time"
I don't fault the company for this, because they have needed to sell shares from time to time to raise funds to pay their bills, but there's definitely been some dilution over the past couple of years. It appears to me that VNDM has been the source of millions of shares sold into the market recently, starting in the low .02s in April and today as low as .011. Have you asked Dave whether he knows who this is? I'm guessing it's been one or two large buyers of preferred.
Looks like a majority shareholder is trying to takeover the reigns and clear out the Board of Directors that has drove the company in to the ground.
XXXX - it looks like the shares are maxed out with a 90,000 FLOAT! Is that right???
Yes, sure, float is 90,000. Pay no attention to the volume of over 2 million already today.
One guy:
Whether it's shorts or MM's, some one will have to account for all those shares that have been sold into the market when they shouldn't even be available, since the whole float has already been boughten up. Now several times over.
another:
Someone could of easily have boughten millions of shares
one more:
I would give everybody my two cents on the great LONG term outlook for VPER, but that would be almost six more shares I could have boughten!!
It's not a typo. Most market makers withdraw their quotes every day after the market close.
All shares have a par value. This filing means that AIMH had 150 million authorized shares in total, 100 million of which are of one class or series and 50 million of which are of another class or series.
Yep, one of the best ever.
According to her profile, she is a legal secretary, not a paralegal. I'm not suggesting that there aren't plenty of smart legal secretaries, but with facts in such short supply on this board, we should try to be accurate. There's been no suggestion that her law firm, or anyone else, is currently providing legal work for AIMH or anyone connected with it.
I'm going to check out the NYC one. Can't do it this week, though.
I wonder if anyone else is less than impressed that the company's legal/regulatory matters are being directed by a legal secretary.
Try understanding this one. The most baffling parts are bolded.
Why would you buy shares of stock from someone who wishes to sell XXXX?? They want to sell. OK so bid whack them. Offer them less. Anyone who wishes to sell this stock is not with it to begin with. Let shorty pay them top dollar and take it down. We want it down. People who are not interested in selling at any price want it to go down so it is cheaper. You just think people don't by stock that is going down. If it goes low enough there are people who are willing to buy it all. You want to sell ?? Good-bye. Catch you on the next go around. Let them take it down. When it gets low enough all you need to know is there are only 55,000 shares. There will be no more. There will be no dilotion. This company is number one and this company will win and if you want to be here good. If not good-bye and take it down. I know buyers.
You've posted before about Northstar going out of business. It didn't make any sense then, and it makes no sense now.
Nice post, thanks. No offense taken, of course, and I understand your point of view better now. I apologize for being a little snippy in my earlier post -- my snippiness resulted from dealing with some of the others here who had unreasonable (and sometimes just plain wrong) expectations. I agree that if someone buys into a stock and it starts to not look like the level of interest or support that was expected is actually there, it is often a good idea to cut losses rather than ride it all the way down or get stuck for months or years.
In other words, if NEIK(E) happens to get a short-term wave of selling and drops to .01, I don't think that makes it a "dead duck," but I can't say you're wrong if you think it means that others think the company's prospects are not what you thought they were when you bought.
This is potentially a highly promotable story ;)
"if it drops and continues to drop to per news level or close then this is a dead duck!"
I disagree. The company is just getting started. Again, it's too bad you bought in at a much higher price on hype, but that's not the company's fault.
Point well taken. Wilson Russell is never going to let NEIK be a non-reporting company.
Sorry, I guess you didn't see my prior post on this subject. When NEIK received its third E in a two-year period, that means an automatic delisting unless Wilson is able to persuade the SEC that the latest delinquency was not material. From my experience with situations like this, that is very unlikely, but I haven't spoken with him since early this week when I gave him a bunch of names and phone numbers of people at the SEC to call, so I don't know whether he had any success persuading them. I'm surprised that it's still NEIKE on the OTCBB and not already moved to the Pinks, so maybe he did reach some sympathetic person at the SEC.
If someone can find out which Rite Aid stores in NYC have the kiosks, I will check out a couple of them.
Again, you nailed it. I've been trying to keep a lid on expectations here, but it has been a losing battle lately with all the over-enthusiastic youngsters who have showed up recently. Some of them can't even get Echotec's name right, for God's sake. Others have called me a liar when I post something straight out of the CEO's mouth, so screw 'em. I agree with Heavy that it's generally good to have IR, and promotion doesn't necessarily mean "pumping," but jeez, this is basically a 5-man company here and they are trying to get a lot of major things done at once. There have been several press releases discussing potential sonar business, and we'll be hearing more from the company soon, but everyone needs to cool his jets for awhile.
And it bears noting that today's "massive" selloff was on a few thousand dollars worth of stock. Hardly something worth worrying about for anyone with a time horizon of more than a few days.
Looks like someone who owned $3-4,000 worth of stock just packed it in. If it was one of the board loudmouths, good riddance. Those who possess the mental horsepower to understand the significance of the Echotec acquisition and the real time horizon here, and who aren't afraid of being on the Pinks, may want to be bidders in this general range.
You got it! While the company would prefer a higher stock price to make it easier and cheaper to raise necessary funds, they're not going to pay for the stock to be pumped.
Those on this board who have been shouting "BIG PROMO COMING!" and those who bought the stock expecting a quick multibagger need to adjust their expectations to match reality. This is a medium-to-long term growth play.
You will not find it anywhere but there site, Witch I just happend to stumble upon.
Maybe someone at Yahoo finally realized that their website was the source of confusion for hordes of market newbies who thought that .OB and .PK were actually part of ticker symbols, rather than a stupid Yahoo-only thing. Of course, this stock's ticker has always been PVHO, period.
"Not just a share dump"? Promo? Obviously there is some confusion here. Northstar had to PAY the stockholders of Echotec to acquire their company. The purchase price was 10,000,000 shares of common stock of NEIK and 6,000,000 warrants. Very, very reasonable price, even for a start-up company like Echotec.
OF COURSE it wasn't a "share dump." And THERE IS NO PROMO. I don't know how many times I (and the CEO) need to repeat that! There are 2-3 people on this board shouting BIG PROMO here (and elsewhere) over and over. They are simply making it up, probably to try to sucker in some newbies.
It may not be certain yet -- Wilson said the guy he spoke to at FINRA was sympathetic, and he'll have one more chance tomorrow to plead his case to the SEC -- but I don't think this is fixable. Rules are rules, and I've never seen the SEC make an exception however well-meaning the company may be. I'd be glad to be wrong on that aspect of the situation.
That's not true - there is no "ban." If delisted, the stock will continue to trade on the Pinks without interruption.