I am not actively trading; holding some stocks that have no value.
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December 2006 News Announcement
Watercolor Holdings, Inc., a publicly held Colorado corporation f/k/a United Specialties, Inc. (PINKSHEETS: WCHG), announced today that it has entered into two agreements to aid in its development of operating businesses at multiple locations for renewable energy sources.
Watercolor has entered into an Agreement with Plasma Arc Consultants, Inc., led by Dr. Louis Circeo, to help in its plasma gasification project. Plasma systems and its off gases are utilized in the production of BioFuels. Dr. Circeo is the Principal Research Scientist in Safety, Health and Environmental Technology Division at the Georgia Tech Research Institute and he established the Plasma Application Research Facility at Georgia Tech in 1990.
Watercolor has also entered into an Agreement with Aristos Partners, LLC for the preparation of a business plan and financial projections (Pro forma) for the project development and construction of plants for the conversion of waste materials into energy products for the commercial market. It is expected that Aristos will complete their work in the next sixty (60) days.
Watercolor expects to be making future announcements about additional alliances along with corporate and management structure.
No cheapies yet so far today..... at least not below .45. In a short time we might be thinking "should have grabbed those .45's while they were available".
Yes, it has been a long wait, but the priority has been on getting CCWW/MTRE going... can't fault them for that, as I have that one too!
Good Morning $oldier, Bee and All,
It looks like the seller is gone, and a lot of the sell-off has gone into the hands of "longs". All the .25's and .30's and .35's disapppeared on Friday.
But, it may be that some of the cheapies ended up in the inventories of MM's and they may use them today to try to bring the price down. I hope not, and if they do, snap them up and let's keep us going in the right direction.
If we have news this week, we could soon be soaring.....
JMHO.
Lion
I am looking forward to the reactivation of WCHG as a trading stock. It is being worked on and we should expect to see this happening later this year.
The fact that it is being done also implies that there are plans for the company, something else I look foward too.
NorthLion
I am noticing that the board has no moderator or asst. moderator at this point. Since I am a shareholder and the board is relatively inactive, I would open to taking the Moderator role.
The next 10Q should be out soon...last year it was filed on August 7th.
Good job, Bee! Mr. 25 is gone
Re: MTRE
Yes, July 7th does appear to be the first actual PR discussing the uplisting. I have known it was their intention for so long that it seemed like it may have been said somewhere earlier, but I think that was mostly just board discussion.
The T/A for MTRE is:
Continental Stock Transfer & Trust Company, out of NYC
17 Battery Place
New York, NY 10004
212-509-4000
The most knowledgeable person on MTRE is 53Chevy, who is also moderator of the I-Hub board; anyone who knows Chevy will also know that his involvement with MTRE immediately gives it a credibilty boost as well.
Today's trading seems to show that the seller I mentioned earlier is done and we expect to see higher PPS again from here. JMHO
NorthLion
The extra 10-12g filing by MTRE was done at FINRA's request. They were asked to satisfy a number of things in the tedious process of seeking approvals and the 10-12g filing was one of those.
By the way, the float on MTRE is very thin - only 2,297,873 and the estimate of those familiar with the company is that about 65-75% of those are tightly held by "longs" (I am one of those with a substantial position).
Share Structure (post-split, per 10QSB for Q1CY08)
AS 150M
OS 9,990,750
Float 2,297,873 (6 officers/directors own 6,951,141restrictedshares, per "144" stipulations, affiliates own an additional 741,736 shares which are also "144" resticted shares)
Following the RS in April the share price has held up not too badly, but the lengthy process of getting the filings done in order to get approved for uplisting and to register the spin-off and to close the acquisitions that have been pending have stretched the patience of some so there has been a trickle of shares selling at the bid for the past couple of months - usually picked up quickly by a "long".
During the past week there has been a larger shareholder finding himself suddenly in need of cash and regretfully needing to liquidate shareholdings; that has created a bit of a spike in daily volume and dropped the share price in a bit of a "fire sale", if you like.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30881908
We think that unique situation will soon be over and that the share price will quickly return to higher levels. This is a rare opportunity, IMO (I realize that has been said by many people in many places, but I have never seen a transparent, beneficial play like this in pennyland realms, and for a brief time available at bargain prices). What else can I say -- do your DD; it's a gem! JMHO.
http://investorshub.advfn.com/boards/board.aspx?board_id=5224
NorthLion
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
Creede,
The AS was REDUCED in April of this year to 150,000,000 at the same time as there was a RS. here is the filing link and pertinent excerpt:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5860604
Item 3.03 Material Modification to Rights of Security Holders.
On April 9, 2008, the Board of Directors (the “ Board ”) of Cable & Co Worldwide, Inc. (the “ Company ”) determined to set a record date of April 18, 2008, to effectuate the following corporate actions: (i) a 1 for 150 reverse stock split of the Company’s issued and outstanding shares of common stock; (ii) a decrease in the number of authorized shares of the Company’s common stock from 1,500,000,000 shares to 150,000,000 shares; and (iii) changing the name of the Company to Market & Research Corp. A copy of the press release the Company issued in connection with these actions is attached hereto as Exhibit 99.1.
and finally, the latest PR:
Market & Research Corp. Files LifeHealthCare, Inc. Registration Statement and Updates Shareholders
WESTPORT, CT, Jul 17, 2008 (MARKET WIRE via COMTEX) -- Market & Research Corp. ("MKRC") (PINKSHEETS: MTRE) today announced that LifeHealthCare, Inc. ("LHC") has filed a Registration Statement on Form 10SB as a required step towards becoming a publicly-traded company. Gary Stein, President, stated, "This is an exciting time for the company. Submitting LHC's registration is another milestone towards achieving our overall 2008 business plan, and reaffirms our commitment to shareholders to remain fully transparent in all our activities."
Mr. Stein further added, "The application of Market & Research Corp. to trading on OTCBB was also re-submitted and we are awaiting response and approval from FINRA. Again, another important step in pursuit of our 2008 business plan, built around our goal for eventual listing on the American Stock Exchange."
Stein closed his remarks by saying, "We have continued to work diligently the past several weeks towards spinning off LHC as a separate publicly-traded company. Earlier, we received confirmation from Delaware that LifeHealthCare, Inc. is now in good standing. Once the SEC has approved the LHC registration, we can proceed with the distribution of the LHC dividend shares and initiate free trading. Shareholders and investors are reminded that any MTRE shares currently owned, or purchased prior to the ex-dividend date, will be entitled to one LHC share for each MTRE share held through the pay-date. More specific details regarding the spin-off, LHC's business plan, and MTRE's acquisition financing will be provided in the coming weeks."
___________________________
Also, it is my understanding that FINRA has now been satisfied and that the final step is now just the uplist itself.
Creede...here is the info on MTRE (Market & Research Corp.
____________________________________
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=mtre#getNews
Market & Research Corp. Files Form 10
WESTPORT, CT, Jul 07, 2008 (MARKET WIRE via COMTEX) -- Market & Research Corp. ("MKRC") (PINKSHEETS: MTRE) today announced that it has submitted a Form 10 to the SEC, requesting re-registration pursuant to the Securities Exchange Act of 1934, as amended. This would enable MKRC to apply to become a Bulletin Board stock. Gary Stein, President, stated, "Uplisting off the Pinksheets is a significant step towards achieving our overall 2008 business plan. By filing the Form 10, in addition to our previous 8/A filing, the Company is acknowledging its intent to provide and comply with all regulatory periodic filings, including audited financials."
Mr. Stein went on further to add, "The decision to uplist is also a critical step in order to fund our acquisitions. Once uplisted, we can proceed to close the agreements we reached with three companies, after the spin-off of LifeHealthCare, Inc. (LHC), our fully owned subsidiary. We apologize to our shareholders for the unexpected delays we've encountered, and thank them for their continued patience."
Stein closed his remarks by saying, "We continue efforts to become a national entity in the market and research sector. While clerical issues have delayed our uplisting approval to-date, we strongly believe that the Form 10 filing today addresses all open issues that have been brought to our attention. In the meantime, we are proceeding with the necessary actions to register LHC for free-trading, and continue negotiations with potential acquisition candidates, to strengthen MTRE's portfolio. Further updates on each of these matters will be provided during the third quarter
_________________________________________
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5910756
FORM 8-A
FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
PURSUANT TO SECTION 12(b) OR 12(g) OF THE
SECURITIES EXCHANGE ACT OF 1934
________________________________________
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6032849
FORM 10-SB
GENERAL FORM FOR REGISTRATION OF SECURITIES
OF SMALL BUSINESS ISSUERS
Under Section 12(b) or (g) of The Securities Exchange Act of 1934
MARKET & RESEARCH CORP.
(Name of Small Business Issuer in its charter)
Creede.....MTRE is due to move from Pink Sheets to OTCBB anyday...it is already approved and we are just waiting for the paperwork to be processed.
This stock is also selling at bargain prices right now as a large holder needed to liquidate his position to get cash.... incredible bargain right now around .20 or .30 cents whereas this is likely to go over $1.00 very soon and there will be a free spin-off share coming 1:1 as well. Do your DD - it is outstanding... JMHO.
NorthLion
This has been a great window of opportunity to buy in at incredibly low prices for the value that is here. I have taken some advantage of this, but I hope many other longs have as well.
If you got some now, hang on to them.... the long term gains will far exceed any short term profit on a quick flip.
JMHO
NorthLion
I have been thinking about the July 9th News release:
NORTH WILKESBORO, NC , a holding Company, which wholly owns D&D Displays, Inc., is pleased to announce today it has retired an additional 229,040,000 shares of common stock. In conjunction with the retirement announced on June 26th, the company has retired a total of 333,076,000 shares of common stock. The company expects additional retirements to occur.
The company would like to state that the current issued and outstanding shares of the company are 347,358,619 with an effective float of approximately 294,686,047 shares.
When you think about it, they retired 333,076,000 shares leaving only 346,358,619 shares. They cut the OS virtually in half!!
Now we have a float of 294,686,047 shares. But we know that Karl Malone has 100,000,000 and we know that there are also a number of large shareholders with holdings in the 20M range, plus others with 10M, or 3M..... I am estimating that more than 200M of the float is in "long" hands, leaving a shrinking virtual float.
As the number of actual trading shares continues to diminish, the opportunity for manipulation and games will also decrease, IMO.
Holding long,
NorthLion
I am happy to share....the best I could get today was at .25!
Cheers
Lion
Thanks Chevy.... adds perspective to an otherwise outstanding opportunity...
Lion
Hey Taki,
This Lion still has every EXPH share and with the news we are getting these days, I am glad I do. Will not be selling any in this very low price range.
NorthLion
Hi Gerry,
I still hold of mine as well - 2.3 million. Will wait for a better day. As the mailman said, once this moves, I expect it will reward well.
NorthLion
Charalex....you asked "how many shares nbeed to be bought to reach .02?"
That can change by the hour. The answer is that you have to buy all the shares that are being offered for less than .02 at any given time in order to reach .02. If you put in a buy order for 2 miilion shares with a limit of .02, you will take out every share offered for less than .02 up to a maximum of 2,000,000 shares. If there happen to be 3 million for sale at .015, you won't reach it .02. If there were only 1,500,000 shares up for grabs at that time for less than .02, you would likely make it (provided someone is offering shares at .02).
Lion
just look at a chart..NSHV was up at .05 last year in June.
Sure it is accurate....it shows as many MM's as there are with bids and asks for NSHV...
However, from experience, there are often "hidden" orders that don't display - this will be true of any Level 2 service I believe; just one of the hazards of this realm. But, I find it very helpful to get a sense of how things look... and then it gives a real-time log of transactions as they happen as well, showing the number of shares, the price and the time of the transaction.
Since Bloomfield is a month-to-month service, you could give it a try for $23.99 and if you don't like it, cancel your subscription.
NorthLion
dmc622
The company HAS extended the shareholder of record date: it will be shareholders of record on April 21st, 2008 PLUS those that added on latter. From the filing:
The parent of the Company, Market, has determined to distribute all of its shares of the Company to shareholders of record of Market as of April 21, 2008 and thereafter through the effectiveness of the spin-off. and also
ITEM 7: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
Market & Research Corp. has agreed to spin-off one share of the Company to each holder of Market & Research Corp. on April 21, 2008 and to each person who acquires shares of Market & Research Corp. after that date but remains the beneficial owner of those shares as of the date of the spin-off.
Therefore, anyone who buys up shares of MTRE until a close-off date is announced will receive the divvy. SWEET!
NorthLion
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
Nice find, Bee.... more support for the credibility of what we are sitting on here.
Have a good weekend!
NL
Excellent points, Starnes.... I too feel LIHC has the potential to be as good as or better than MTRE. It has been around for a long time (before the research angle even showed up on the radar screen), so there have been ideas percolating for a long time -- sounds like they are ready to run with them now - patents in place. Getting patents done can be a very long process. We are getting in on this action now, just at the launch time...AND WE ARE GETTING IN ON IT FOR FREE!! It's unbelievable!
Having said this, I do not want to minimize what MTRE itself also offers - the markets (especially the penny markets) are rife with empty-handed promises and hype, but here we have a legitimate company coming together, acquiring more than one profitable operating business!! This too is almost unbelievable. Wow!
Lion
No more legal proceedings:
The 10Q for March 31, 2008 also contains this info:
PART II OTHER INFORMATION
Item 1. Legal Proceedings
None
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
None
Item 3. Defaults upon Senior Securities
We are in default on a number of loans, operating and capital leases either directly or as guarantor for our subsidiary companies. These liabilities have all been included our balance sheet. We will attempt to negotiate settlement of all of our shortfalls to creditors in respect of these defaults upon senior securities, or seek other alternatives to eliminate these liabilities.
There are no defaults on any liabilities that we have incurred since April 2005.
This again shows that things have cleaned up as there were a number of lawsuits including class-action lawsuits recorded in the filings back in 2003 and 2004. Once again, it looks like we are getting ready to roll, IMO.
NorthLion
In checking back through previous filings, I found out that the approx. $6 million dollars of accounts payable has been on the balance sheet since the end of 2003. In December 2003, the AP amounts was 9,566,132. Then in January 2004 there was a settlement to reduce it to $6,795,402 by March 2004. That filing included this information:
Gain on Settlement of Litigation, In August 2003 we reached an out of court settlement in our law suit against PWC. Under the terms of the settlement we received a payment of $1.3 million and agreement to write off certain outstanding invoices for accounting and legal fees. Consequently we recognized a gain of $1,007,000 on the settlement although the net cash we received after all costs totaled only $136,000.
Gain on Assignment for the Benefit of Creditors, Effective January 1, 2004, all of Aspeon's and CCI's assets were transferred to the trustee for the benefit of those Aspeon and CCI creditors who elected to participate in the assignment for the benefit of Aspeon and CCI creditors. The assets transferred had a fair market value of $496,000 and creditors totaling $3.7 million elected to participate in, and be bound by the terms of, the assignment for the benefit of Aspeon and CCI creditors under which they no longer had any further claim against Aspeon or CCI. Consequently we recognized a gain of $3.2 million on the establishment of the assignment for the benefit of Aspeon and CCI creditors. Certain Aspeon and CCI creditors, totaling in excess of $3.1 million, elected not to participate in the assignment for the benefit of Aspeon and CCI creditors and remain as outstanding liabilities of Aspeon and CCI.
Profit from Operations. Profit from operations was $3,576,000 for the nine months ended March 31, 2004 due to the factors described above.
Therefore, the all of that $6.7 million of AP debt goes back for more than 4 years now, so most of the $4.9 million still showing should likely be able to come off the financials at any time by virtue of also being statute barred. IMO
NorthLion
Signficant Item in the 10Q:
I was reading through the 10Q for the quarter ended march 31, 2008 tonight. In doing so, I came across this point which I think is very significant to the forward progress of ASPE:
During the three months ended March 31, 2008, outstanding liabilities, which had been incurred more than four years ago, were statute barred under the state laws of California and we recognized a gain on these statute barred liabilities of $2,102,917. No outstanding liabilities had become statute barred in the three months ended March 31, 2007.
There had been some postings here previously where it was assumed that this might happen, but there was nothing official to this effect until this 10Q came out. If you then look at the financial statements contained in the 10Q, this removed about a third of the liabilities from the balance sheet. Presumably, the bulk of the rest of the liabilities will also soon be statute barred. Perhaps the timing as to when that might happen could also give us a clue as to when we might expect the company to become active again? Just a thought.
Meanwhile, with filings completely brought up to date, we are back on the OTCBB and things really are lining up for action. I wonder when the reverse split of the hares will take effect?
NorthLion
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
Hi Starnes... I know of no better play on the US side than MTRE. Yes, it will be a little while in maturing (but it is getting closer all the time). It is not a flip play. But I continue to add as I can.
When I consider the value that is here, and it has been repeated many times:
- 2 companies (MTRE and LIHC)
- one with profitable acquisitions lined up, waiting to close
- the second with an incredible game plan in place, including products and contracts
- free entry into the second company through a spin-off dividend (who has heard of such a thing before?)
- low actual float (and an even lower "trading float" due to so many shares being held by longs)
- etc etc
Why would anyone sell??
But to those who sold recently, at low prices, "Thanks!"
Lion
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Hey basser,
Still some cheapies being sold....still time for you to get back into the play, it seems.
Lion
There seems to have been someone selling off a bit (not too much) on a regular, almost daily basis. Not sure what the thinking is behind that, but it has made it almost easy to pick-off chunks at .25 and .30 and .35, which seems very cheap to me.
By now, the number of actual available, tradable shares (not restricted and not in the hands of longs) has got to be very small. Once the news comes and the acquisitions are done so that the company has real assets and revenue, we should be above $1.00 very easily, IMO.
Lion
Hi Starnes..... I hope you have managed to add a few to your pile
in the last few days
More shares falling into "long" hands, I think, $oldier. Like you said, a bit of news and the price these went for in the last week or two will be irrelevant (except maybe relevant to the buyers as they are deals, sometimes even steals - LOL).
Lion
.40 is a good price to get some....
...get as much as you can, while you can, IMO
ya! LOL.... probably means that I didn't get them, tho.
Not sure who got those...don't think it was me (hard to know for sure - it sometimes takes awhile before things get posted).
I am wondering whether the general market turmoil today may cause some to sell off shares of MTRE tomorrow - perhaps margin calls, or just general market fatigue....
also doing well... feeling good about our investment here and expecting it will only get better.... and probably soon... news should be coming along soon, I figure