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AP a similiar reduction would be great if and only if he retired the reduction not convert the reduce shares to preferreds like he did.
The issue is most people look at the preferred's and what they would do to the OS if converted and how those would really decrease the net worth of commons.
Now a share retirement would boost the existing shareprice but a removal of shares to preferred's would only be a bandaid on a gash for a cut.
TS has to prove to retail he is working for them and not for YA, KK, and the holders of preferred's that really haven't lost a dime on paper.
He also needs to acknowledge how he as CEO will monitor and enforce the no short clause to the holders of new CD's since who really trusts the likes of YA.
YA would steal money from a baby if given the chance its their business plan why else have they driven so many companies that borrowed from them bankrupt.
Why go back swimming in shark infested waters when you just got out of it
The big question is when does TS comeout from hiding to address the concerns of many shareholders who are losing money while he doesn't.
He also needs to explain why we paid for a 20M shell if it contained nothing worth while.
If he continues to stay hideen on these subjects then he is pawn of KK and YA and deserves what I believe regarding those CEO's that pump and dump to lead lavish lifestyles at the cost of commoners.
He can't hide forever especially behind Dede, KK or YA.
If he screws the commoners with any loophole backoffice BS manuvers he will pay.
He knows who and what are causing the price to drop he better step up and straighten it out, 260K salary can buy quite a few shares whats stopping him from investing in commons unless he is afraid to be on par with those holding commons.
All his supposedly high connections sure as heck have $'s to invest if they believe in him. Spend some of your cash TS and watch it sink like we have.
agreed if he clears it up to the benifit of the common shareholder.
Good luck I have not had any form of communication returned by either.
Chunky some of those stepping stones don't deal well with being stepping stones or cast offs as TS will soon find out.
Again has anyone recieved a returned call or e-mail from management or IR besides the generic response? Why are we paying someone in IR if they sit twindling their thumbs rather then answer shareholders questions.
I bet if KK or YA called or e-mailed TS he would answer in a heartbeat.
I feel your pain as mine is quite large also.
A few things that bother me are
The salary amount he took why so much if cash was not plentiful
The shares he got for free 80 % of the OS isn't enough
The new CD's with YA when YA told him to stuff it when he supposedly offered to pay off the old CD with cash. Why did he go back to the YA leeches when they stuck it to him there.
What was the deal he cut with them we are unaware of, why else use them if they stick you once.
Who is monitoring and how that the leeches aren't shorting in vilolation of the new CD wording
Why doesn't he address the shareholders concerns regarding the decreasing SP and investor value
Why did we pay so much for a shell what did we get for it that supports the cost we paid. (I believe he is afraid to respond to this one otherwise why a ghost unlike prior to paying for the shell)
Viva regarding your PM No
I will reserve judgement on TS until he either pays back new CD's with cash, reduces the OS or uses his preferred E's for increasing common shareholder value, It's great he is buying this and buying that merging this and merging that but it is only good when it increases the common sharholders value. As far as those holding preferred's I could care less about them and their profits.
TS has to justify the costs we as commoners paid for the KK bailout otherwise he will be just as bad as KK.
I watch and wait for his move to increase my value attached to the shares I bought and have held since last summer.
Did we buy the shell because it held some other value I wait for an answer from our CEO.
Did we overpay for hackets I wait for an answer.
Have we overpaid for NCH I wait for an answer.
If the answer is no for the 1st and yes for the others then have we overpaid the salaries for our management team?
Has anyone received a reply other then the generic crap e-mail from our illustrious IR dept?
Has anyone actually spoken with TS in the last 60 days?
Besides the preferred holders is anyone still on the plus side with their account?
agree they can legally but they better be wary of the street people, we don't take kindly to being screwed so they can make the money rather then us.
There are their rules and then there are street justice rules. Street justice always wins as thare really aren't any rules for it, the reason there is so much white collar CEO pennyland theft from investors is because the SEc and other groups don't have the manpower or finances to process those crooks according to the law, but street justice has no boundries or crooked lawyers to protect the guilty.
AP I an not trying to pick an argument with u but when he reduced the OS didn't he convert them to preferred B's which are now preferred E's and through all the dilution aren't those shares he converted worth more then the orig OS shares they started out as before he converted them to preferrs? What has TS lost in his orig investment? What has the common shareholder lost in that same time? TS doesn't worry since he owns preferrs not commons at least not as many as he started with.
When do u think TS will actually answer the questions many commoners have. He may think he is God but he is not immortal so he better play it straight.
Because he thinks he is better then us but he being watched more then he can imagine.
Called TA twice today both times their friken fax machine picked up. Can't call now heading to a meeting
Interesting concept
http://www.99mpg.com/
so how long to we wait before paying him a personal visit.
Seems our IR dept doesn't answer any e-mails except with that generic response. Wonder why we even have them on the payroll seems they are as useless as tit's on a bull.
Viva how or what did you do now to get banned?
RPT in the shareholder update from 4\29 he mentions the old legacy debts are fully paid
RPT it would be helpful if you could asterick where we recieved the news of the old legacy CD's being finish thus we can get an understanding on how many shares have diluted either on new CD's or payments to others for services, just a suggestion
Not who is buying who is selling and hopefully those selling are going to the real longs.
Don't really think TS cares about paying the bill since he doesn't loose ground everytime he dilutes. Seems all he cares about is YA making money. Every month he refuses to pay off money owed on the CD's they tack on their loanshark interest.
Our day will come when he has to own up or at least my day will come he won't be able to hide from pi$$ed off common Shareholders.
I haven't seen any rebuttal to the letter to the editor yet wonder why.
Seems some longs are happy with a 10% increase as far as I am concerned I won't be happy till this is around the .05 mark at least then I will feel TS is earning his pay as will the other management.
Thats .05 with no R\S.
Even at todays share structure if he used financially sound jugement and paid off the new CD's as cash became available and PR'd it the share price would climb. Most fence sitters are waiting for TS to prove he is not a printing press for YA and the other money leechers.
Viva I am waiting to see if TS pays of the new CD's with cash or does the unthinkable instead and dilutes further before I dump anymore cash into it.
If someone out there has a detailed explanation of the new CD's and exactly when they are due I would appreciate it.
If any of the other longs like 911, AP. Soapy etc what to express why the street has us valued so low I am all ears.
We haven't seen any increase since the last 3m around May 5th so that is good but will feel better if we go another 60 days without any or if during that time TS pays off 1 or 2 of the outstanding new CD's.
The 134m warrants I can live with figuring YA will wait till at least the .10 price to convert them but its the rise to .10 that will cause some current holders to cash in.
Looking for .10 still don't see it LOL
Viva I won't get excited till I see some mM's at or above .014 bid
Seems it will take some time to run through all the share sold and bought since then especailly if they are in flipper hands.
Waiting on the 10 to see what his motives are, have the trip planned if it comes down to it.
Holter I agree with your statements but I do wait for TS to
1) Pay back new CD's with Cash rather then diluting
2) Reduce the current OS
3) Use some E's for further aquisitions or reduce the E's to represent 51% not 80%
4) Expalin what fail safes are in place to actaully monitor how he intends to verify the leech YA does not short, I for one would be very interested in that mechanism he will deploy as we all know YA can not be trusted.
5) Continue to use bank financing while getting away from the likes of YA etc who happen to be legalized loan sharks.
6) Explain why he felt and what we got for our 20M plus shell, if the only reason was to bail KK then he really has quite a lot of explaining to do.
Just tried the TA rang 20 rings no answer
That concept better not even be suggested\ hinted\ or attempted by either TS or Swartz or they may find themselves on the infamous boat named ORCA sailing into history.
Anyone call the TA today?
Ok then the 20 Million dollar question is "What did we get when we bought the shell?"
LB I am trying to understand what we got for bailing out KK if not the 10% of Zeropoint or other patent tech. If TS paid off KK's debt just for the bare shell then I am totally confused as to why TS would do that and how he can justify it.
I don't know the answer but that is one question I want answered as that 10% ownwership I thought belonged to the shell we commoners paid dearly for and if I find out TS didn't get it for the 20M he bailed KK out with then I will be definitely yelling fraud.
Why else would he buy the shell if nothing came with it, he would have a hard time exoplaining that cost, and yes he will have to explain whether he wants to or not
TJG
What happen to the 10% ownership in Zeropoint that was connected to the shell we paid 20M for. I can't seem to locate whether it belongs to us or was given away?
already packed my bat and tire iron and its a short right of 2 hrs for me.
Hope you are right but I can't buy anymore since I feel I already helped pay over 25% of TS's salary with my losses.
Boy am I glad YA can't short the new CD's because of the anti-shorting clause. LOL What good is the clause with no way to police the actions of the CD holder. Thats like asking the fox to watch the hen house. Right they won't short because all their actions and deals are always above board.
Wouldn't doubt that they are in contact with the other CD holders with a dialogue like this.
YA "Let see when you are getting ready to convert I'll short and when I am ready to convert you can short that way we are not breaking our agreements to not short against our CD's."
just looked at all my buys since middle of last year and everyone is red wonder how much TS has lost since middle of last year.
Wait thats right he really hasn't bought any all are freebies or E's
Must be nice
Beginning to wonder about his scruples
We all know one of his closest business buddies has none and then there's the lender who definitely has none.
Be careful TS the more you hang around with that type the sooner it rubs off and you really don't want that association.
Do the right thing and mange the company for the entire shareholder base not the prefer's and lending leeches.
Wonder how you would feel if some day while eating supper in a fine dining establishment someone would shout out there's TS the guy who ripped of the commoners to make his friends and family wealthy.
Use your E's to buy us something, use your cash to buy up the float.
There are several that will not take the BS from TS without a personal visit to him. TS "alias The Ghost" better come clean with the commoners.
I see no reason for an OS increase heck the 260K would have been better spent against one of the CD's its not like he needed the cash to live on.
You can only PI$$ people off so long before they come out fighting.
What did we get for the expsensive shell we bought?
Who owns the 10% of Zeropoint?
TS you had better start explaining now before it's to late.
Couldn't believe I ran out of posts yesterday
But unless TS wants to face disgruntled shareholders in person he needs to
Pay off new CD's with cash and not allow further dilution
Buy back shares with cash and retire them
Use 40% of his E series for further aqusitions
personally purchase commons for himself to show his faith in the company
Do not even consider an R\S until the above have been completed
Many common shareholders live only 2hrs or less from his world so roadtrips are possible
I agree with you there, but he does need to make it right by the commoner or at least explain to us why we bought the shell if nothing comes with it. I am, still curious on who or what has gotten or will get the 10% stake in Zeropoint. If that didn't come with the shell then he really did screw up and deserves to be brought out in the open along with the rest of his insiders.
No clue but it just as reasonable thought as some others.
Time to play golf see you all later tonight hopefully