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this openning this morning is just a joke.......I am never amazed at the fact that they can keep getting awy with this kind of crap................down almost 20% on 500K shares..............lol
One solid 8K clarifying the O/S and the shorts are cooked........they don't often lose, but they shorted a boat load of shares in anticipation of the RM shares hitting the market.....when the company turned around and struck a deal to restrict them and buy them back until 2010, the MM's got screwed.....
their game is simple, look for companies diluting and short the crap out of the stock first....then cover during the dilution period and make a mint................works for 99% of all pennies.........here they will lose, and the cover will be huge.....
now tell me that wasnt a mnipulated close..........lol
no doubt!!!!!!!
what a screwed up day today...........
today is turn around day folks................
I for one am VERY happy with my investment here and continue to accumulate. I have bought shares from $0.02 to $0.04 over the past 5 months and have an average around $0.025. We are actually up on the week, and continue to build a higher and higher base every day.......we got a great forecast for Q2 this week, and I dont think the news is over......
I look forward to a deal being announced with a big box retailer, some much needed clarity with regards to the share structure......
I agree, but they NEVER had the option to buy back an of the other shares issued to RM, only the 267M.........
later
BigD
267M can be bought back and is restricted the rest is not
Chute, my account says my shares are worth $4K today.....they hit a high of $2.2M.......lol
what an idiot I am.........
later
BigD
be long or be wrong............lol
that realy worked good for us, huh???
looks like many traders flipped out yesterday and today............they will be getting back in tomorrow.......
jscot......it was a fun time for those that sold
I own a lot of shares, and believe that Arne will get the financing done.....I beleive that the former owners would have bailed if they did not believe that Arne was close to getting this done..........why stick around unless you think you will get your money...........
depends what news we get...............
with no news, my guess is $0.04 ish
with news, the sky is the limit...............
where is everyone this evening????
I am looking for a big day tomorrow.....perhaps the big box retailer PR after a nice consolidation day today.........so much going on here, huge news can show up any day...........
not necessarily true.........they are making a profit, but are growing so quickly that some additional shares may need to be issued........this is largely due to the fact that are prepaying most of their suppliers.......until the company reaches a certain size, suppliers will want prepayment or a very large deposit before manufacturing the product.....
fortunately, management is putting in the cash and taking shares back as collateral.........many of these shares (267M) can be bought back by the company and are restricted until 2010....
those that do not realize how blessed we are to have this type of financing, need to go look at Cornell and some of the services they provide
SB, very smart buying........whether it is the buyback or a huge buyer accumulating through BMAS......
after three strong up days, today had to pull back a bit......let the day traders and flippers get off the train for a couple of days.......
the fundamentals got even stronger today, and the story is unfolding beautifully......the upward move will continue the balance of the week, and I do not believe we will see a slow down lasting more than a day or two until we get to $0.10....
later
BigD
$11M for Q2???? and they will surpass that number because they always do!!!!!!!! at a 20% NET profit rate means they will earn over $2.2M of net income in Q2 alone. This is an annualized amount of approx $9M --------this is unmatched and the growth is incredible.......I believe that even the most pessimistic valuation would apply a multiple of 10 and result in a valuation of $90M - we closed today with a market cap of $28M--------less than a third of what I would consider the bare minimum valuation........and this does not consider any buy back -----for those watching L2 on a regular basis, it is obvious that BMAS has been on the bid and doing some serious buying since the company announced the buyback.......
I believe we continue to move towards $0.10 SHORT TERM based on the current information....
later
BigD
In July 2008, RM Enterprises International, Inc., a company that is our majority stockholder and which is controlled by our officers and directors, agreed to grant the Company the right, exercisable by the Company at any time on or prior to February 28, 2010, to repurchase all or any portion of the 267,154,132 shares issued that RM Enterprises International, Inc. had purchased from the Company since January 1, 2008 at the original price paid by RM Enterprises International, Inc. to the Company for such shares, or an aggregate of $4,918,432.46 for all of such shares.
http://www.sec.gov/Archives/edgar/data/1201251/000114420408042150/v121013_8k.htm
these are RISTRICTED folks..........they cannot hit the float.......MM's shorted many shares in anticipation of these shares hitting the float......this is what these crooks do to screw small companies...........now they are screwed and need to cover a huge short position..........
MARK this post
ROB, this is the best they can do.....lol...... they can slice it any way they want.........$40M in sales will equate to about $10M in profits (Q1 results support management estimates) a multiple of 10 which is a joke gives you a CAP of $100M
this gives you a PPS of $0.12.......
and a big chunk of the 800M shares O/S owned by management and restricted.......and will be purchased back at $0.018.......this along with the 50M share buyback will reduce the O/S to under 500M------------equating to a PPS of $0.20.........
NOW, use a more reasonable multiple for a company growing EPS in the thousands of %, say 50, and you get the picture............
show me another fully reporting penny with profits...........this is in a a league of its own.......
seriously?????? MILLIONS spent on advertising the product, and a few thousand on promting the stock, and thats your conclussion??????
its amazing how clueless people are!!!!!!!!!!!
bitching about dilution.................because we are going to go from $0 in revenues to $40M and not spend a cent.......suppliers are going to produce things for free, customers are going to prepay, advertising is NOT required and if it is, why pay for it, CEO works for nothing.................
and market awareness, it it treated as being illegal!!!!!!!!!!!!
WOW, GREAT DD Crash!!!!!!!!!!!!!!!!!!!!!....lol
you discovered that a company with $5M+ in revenues last quarter spent $15K to create awarness of the stock..............YOU DA MAN!!!!!!!!!!!!!!!
should be a very quick move to $0.10 - I suspect we may even get there this week...............
I have sliced this a million ways, and a dime is a VERY safe estimate fo fair value...........
dude, you have NO clue!!!!!!!!!!
Huge short position here, now being covered by UBSS...........
-O/S way higher than 800 million........
REALY?????????????????
you must be realy good at this............
rock......huge short position for UBSS
BMAS and HDSN are representing big buyers.............this last Q has gotten the attention of some micro cap funds......this will unfold very similar to the run NTRZ had a coupele of years ago......STEADY and LONG........
later
BigD
forget the revs......the net income is unreal!!!!!!!!!!!
This should be worth at least $.40 right now based a decent multiple............
Surge, he also has 250M shares to keep him happy.....I think his price is $0.0016, so anyone that buys anywhere near this level will be very nicely revarded.....................
a little bit of energy here this past week.......HDSN sure got us rolling abit with all those buys mid week..............
looks like we are due for some big news here.......MMN and financing being finalized.........LOVE the fact hey are not even looking at Cornel as an option...............
I am looking at $0.03 to $0.05 as the high end of this next move...............will be a very interesting end to summer here
what the heck is up here gang.......seems very odd to me..............BUT, I LOVE IT
captain, very welcoming to new quests I see!!!!!!!!!!!!!
haven't seen that color in a while cadi.....hopefully the BS is over.....the buy interest has dried up because of the lack of financing news.............I feel compfortable from talking with Arne, that we will not encounter any difficulties moving forward here.........those in the know will begin to load up here as we approach final announcements....I believe that we will begin our next move shortly!!!!!!!!!
Fiat,
We need to be realistic here now. I was very happy with what is going on in Nigeria. A little concerned about the phase III trials and where that funding will come from. Overall VERY pleased.
With regards to XKEM.PK, Swift said 2 comments that cannot be overlooked. 1) he said the lawsuits were driving them closer and closer to chapter 11 2) he referred to delisting as a likelihood
Then he said he cannot discuss either of these. You know as well as I, that if either of these events occur we end up with nothing. So, as far as I am concerned, the RISK here is extremely high, and the price is justified for those that want to role the dice. This certainly is not what we signed up for as inventors a couple of years ago.
In addition, the fact that they chose to report some material events and not others, is an issue he did not deal with on the call. For me, that speaks to the integrity of this management team.......VERY LITTLE. And how dare they put Burg up there to read that BS at the beginning?
alright, my vent is done.
I was going to ask how they would communicate going forward, but I did nto get my turn.
great line from someone in charge for over a year
I want to ask my damn questions!!!!!!!!!!!!!!!!!!!!!!!
I am also getting rid of the rest of my position as we speak
what a mess!!!!!!!!!!!!
Swift will end up with 5-HFM
everyone else gets fukked
mets, I dont have an issue with Swift, the mess he took over was unmanageble................you or I would not have been able to do any better