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But what if all the previous numbers were faked since VV returned to the company? If VV had little fear of the SEC until they came a calling about the library valuation....
Remember, the auditors stated in their reports that all information in financials came solely from VV. If there was no support to back up any of VV's numbers, then you have years to go back and find out what really happened. The question is, is it worth hiring a foreinsic accountant to find out your actual revenues may have been less than $100K for the last five years total.
I believe this is the problem. Everything was a mirage. That's why so many PR's never came to fruition.
TP
Which probably means that any asset they have is overstated on the books, any liability is understated, things that were claimed to be owned such as studios were in reality really just leased, etc, etc, etc. Hate to see the tax liens and judgments that were probably piled up in the corner of a FL office.
Guess all those back royalties are a little harder to collect than first thought. I don't even understand why TH can't give us current revenues for the past few quarters. Unless there were no revenues....the deals with the video streaming company was in exchange for something else....who knows by this point.
There is no advantage. It's just like Zdarsky thinking he was getting a great deal. How did that turn out for him?
<I certainly wont waist the guys time asking him a bunch of questions when he is busy>
Why wouldn't you ask questions to a guy you'd be giving thousands of dollars to? He'd give you all the time in the world in exchange for cash right now. Wouldn't you ask for a dividend of some kind in exchange for this "loan"? Would you let him borrow the money, essentially interest free? What guarantee do you REALLY have that he will return any of your investment?
You post like you have a large amount of money in this stock. My mistake if you just have a few hundred riding here.
As long as Dr.Frank is being "transparent" here why doesn't he explain the "private trading group" in a little more detail. Is this group his friends? Are they a "fee for hire" group that purchases shares and get paid a cost + %? Who is putting up the money to buy the shares? Can't imagine anyone doing this for free? You are just going to have to give the Dr. 100% blind faith that these shares are being returned to the treasury. If the private trading group owns them and does not return them or if someone fails to compensate them, they become another large shareholder.
Seems like if a company buys back 15MM of its own shares you would get and keep some sort of bounce. But nooo, Ants trades like it has endless amounts of shares to sell whenever shares can be sold.
How's that Class A preferred fund raising going? Where the Dr can borrow your money and is not guaranteed to have to pay you anything.
The chances of even getting one of those things seems remote right now. Regarding the website, you get what you paid for. The company has a better chance getting a customer IMO.
<What is sorely needed is results by way of customers, revenue/profits and of course a kick-ass/professional website>
If Knight Capital is shorting Ants in the quantities that some on this board suggest, why doesn't someone place a large market order of 1 million shares at the ask to flush out all of Knight's shorted shares? It would only cost someone less than $10K. If you have several million shares already that would increase the overall value of your Ants holdings.
And since Knight seems to have capital issues.....
It was more stock than the total traded today.
I'm not embarassing myself. But whomever keeps removing my posts obviously feels that I'm stepping on some toes.
TP
Boatloads (750,000 shares) of stock available for sale at .0092 .
Somebody wants out.
Another round of dilution looks to be in the cards per Dr. Frank's statement:
"Additional funds are required to continue the new activities for OUR Company, without returning to the secondary market.
Class A preferred stocks will be awarded for all investments. Large as well as small shareholders are invited to participate in this opportunity to fund and grow YOUR Company."
I wonder if Dr. Frank plans to pay a cash/stock dividend to those holders of Class A preferred stock if he can get investors to pony up money. If cash, where would the source of the cash come from? At the moment it can't be Ants since they have no money.
If he can't swing a preferred deal the implication is that another secondary may be in the cards. JMO.
TP
Why isn't Ants going up like everyone said was going to happen?
Where are the buyers? On strike?
testing one two three......ants moving down....
The first quote is dealing with VV and his so called Florida, Nashville, and Las Vegas studios.
The second quote deals with Manning et al and their NJ "vaults".
AKA a storage locker.
I'm having a hard time understanding what all this really means.
=========================
"The private trading company engaged in the freely traded ANTs Common Stock buyback program has already purchased on the open market roughly 15,000,000 shares of the 68,000,000 available. These shares will be placed into the ANTs treasury. Recent daily volume of ANTs shares reflects the early success of this program."
==============
The private trading company? I don't suppose they are doing this for free. They have to come up with the money somehow to pay for the shares. Do they get reimbursed dollar for dollar by Kautzmann and do they also get a commission of sorts for successfully buying back the shares at a certain price? If they are not being paid a commission or a flat fee, what's in it for them? It doesn't appear that they are using Kautzmann's money.Why not buy the shares for themselves and become a shareholder with the promise not to trade it for a year? Something doesn't quite add up.
===========================
"According to ANTs accounting firm, shareholder trading accounts merely changed, by a call to ANTs shareholder trading accounts, changing their account to a cash basis account from a margin account will prevent Market Makers from having access to ceded shares which removes the ANTs stock from their inventory available for trading by Market Makers and the shorting of ANTs stock"
============
Trying read this above sentance many times. It doesn't make sense. It's like someone was told ten different things and couldn't figure out to explain it properly. It sure doesn't sound like words of Dr. Kautzmann.
===============
"ANTs Chairman and CEO, Dr. Kautzmann, III and ANTs legal counsel received electronic information on all of ANTs 10-Q’s in process as of October 12, 2011. The 10-Q is 97% complete .The original 10-Q draft did not conform to ongoing operations and correct GAAP accounting procedures of ANTs Intellectual property and patent valuation. According to the ANTs accounting firm, the corrected valuation for ANTs patents and Intellectual property should reflect very positively on the assets held by ANTs on the new ANTs financials"
=========
They still need 10-Q's for 6/30/11, 9/30/11, and 12/31/11 before they can get into 2012. Hopefully they are not going to try and use the revaluation of their IP as a gain in income. You only have to go to VLCO to see what happened when they tried to fool shareholders that their near worthless asset all of sudden had hundreds of millions of dollars of value.
TP
So who has the 1,815,300 share order at .009 ask right now?
If Ants wasn't a buyer here at .0095, why would they be buying over .01?
Either The Roys or the shareholders will be surprised when there is no variety show. You can guess which one i think.
I can think of three off the top of my head.
No cash, no revenue, 300 million shares O/S.
< There is absolutely no, none, zero reason for this stock to be at this level>.
Why isn't ANTS able to buy back any shares in the .01 range?
What's the difference in the overall scheme of things if they buy back at .009 or .010? A couple thousand dollars?
I think you'll see IMO that the buy back announcement was a smokescreen to allow someone to unload shares. Ants is so far behind on it's SEC filings that we probably won't see the 6/30/12 or 9/30/12 10-Q's until late 2013, if at all.
I would think that Ants would be PRing the heck out of buying back shares if they really were? Will you Ants?
In a Twitter conversation yesterday with The Roys, they said that they still plan on doing the weekly variety show with Valcom.
TP
I'm post #10000 !
No one is shorting ANTS no matter who is telling you they are. That includes the market makers.
TP
I've got my opinions on him and it involves all those sold shares you think the flippers were responsible for. But it will be denied.
If many of you think the stock is going to .02 or .05, why aren't you buying like crazy here? Even if you had millions of shares, another $10,000 would buy you close to a million more.
This is always the conundrum with these penny stocks. People urging you to buy while they stand on the sidelines waiting for you to buy. Their stock response always seems to be that their coffiers are filled.
Imagine the riches if you are right? Why are many of you holding back?
I found this on Ants' website. It was something that was not included in the PR and I never noticed it before (but it could have been there).
•Home Junction, Inc., Spatial Match content data provisioning for 2,400 counties data feeds license assignment neither stock nor warrants of ANTS were involved. The delivery of this data is totally Internet based and RDI AVM enhancement under a non-exclusive license to ANTS.
Finally a profit from these guys.
http://finance.yahoo.com/news/california-republic-bancorp-announces-record-130000344.html
They did have their first bad loans in the auto loan sector, but they were minimal. It's to be expected in that type of loan business and the margins they make in auto loans more than offset the risk they are taking.
Sure wish the stock price would start doing something but I think with practically all the shares tied up by the IPO buyers years ago it's hard to find shares to buy.
They need to find some way to make their shares more attractive or get the word out better.
IMO ANTS next PR should be a status report on how many shares they have bought back to date. I personally doubt if they have bought any since the company has no cash. But if they have, that would certainly give a boost to the share price. I would expect responses to say "why should the company tip their hand"? If they cared about the shareholders more than they cared about themselves, it would be the right thing to do.
An earlier discussion on this board said that an investor group was possibly buying the shares as opposed to the company. If that were the case, the float wouldn't be permanently decreased. It would just be held by a group that was "associated" with Ants and it could be dumped back on the market at any time.
TP
85 cents...lol....that would give the company a market cap of over $250 million...assuming that the share count has stayed at 300 million shares.
What have you guys been smoking?
TP
The only thing be collected at these levels is dust.
TP
I pointed out that when the Dr first got involved it would likely wind up as a reverse merger. But I got poo poed.
<It seems clear that Ants will be a mixture of the ACS and Franks other ventures, but how this works out is anyone's guess>
The utility company? Give me an "S" give me a "C", give me an "?"
Right? I think the Yahoo board correctly guessed this last year. From what I read the application were not that difficult and the migration went ok. But most of the other companies who tried the product ran into serious problems that could not or would not be fixed.
Maybe the Dr. has the knowhow or the resources to resolve the issues. But it likely won't happen overnite.
TP
I thought I would check back in to give my thoughts on what has been going on.
We've seen two PR's from Ants, neither of which has much substance.
The first about existing and former clients praising Ants was laughable given that Ants hasn't had meaningful sales for the past year. Way to pat yourself on the back for doing nothing!
Todays PR speaks of "Preliminary discussion". What the heck is that supposed to mean? It could be a simple as Home Junction Inc. was or made contact with Ants and wanted to know more information about the product. Would the second phone call be a "follow up discussion"? Will Ants issue a PR for that? Home Junction is a legit company..although one that seemingly has Investor Relations although it is not publically traded...so perhaps that company is looking for a shell as well.
In regards to who the heck would be selling shares at sub penny levels....well it could be any one of you....perhaps someone tosses orders in at the market rather than "limit orders". Perhaps a company contractor needs money to pay bills. Perhaps XXX or MG can explain further when they get out of message board jail.
To me, it's no surprise that PR's are coming BEFORE filings. Frankly, no pun intended, I'll be surprised if we see filings this year.
TP
That worked out so well for VV for the first two times...NOT .
I seem to remember that both times VV wound up in court thinking he had been screwed when it was probably the other way around.
Let me save you some headaches so you can go outside and enjoy the day instead of sitting in front of a computer terminal.
Set a limit buy order GTC at .10 and a limit sell order GTC at whatever price you need in order to buy your car.
No sense worrying about the stuff you can't control.
<..." fall like a brick so I can reload, or rise like a phoenix so I can buy my z4! Doing nothing like this drives everyone nuts!>
I'm glad that you can finally admit that you were fooled by VV.
The list is quite long. Now we can finally get this message board back on track. The new board starts with a clean slate. Let's see what they can deliver out of the ashes.
Roth commission = vig, also known as juice, the cut or the take, is the amount charged by a bookie for his services.
TP
Why is it always "manipulation" when a stock goes down and "buyer's great DD" when stock goes up?
It all comes down to more selling volume than buying volume. Daytraders looking for a quick pop from the shareholders meeting didn't get it and now they are bailing on LQMT and moving money to the next "hot" stock play.
TP
Until LQMT can rid itself of paid promotions the stock will always have the rug pulled out from underneath it.
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=52168551&topic=LQMT&symbology=null&cp=null&webmasterId=101374
In this case it's a third party promotion. The other stocks on the list have lost 50%+ of their value in two weeks. LQMT is only down 10% but the close below .30 is troublesome since this was a healthy support level lately.
No position...waiting for stock to fall back to .22 -.24 level .
TP
My Family TV website...
I can't be 100% certain but I think Tim Harrington has updated the MyFamilyTV website Investor Relations section.....
http://www.myfamilytv.tv/investorrelations.htm
TP
I don't think anyone has discussed that effective Oct 1, 2012 for a period of 12 months, LQMT is going to have repay $1MM per month plus 8% interest. Miss a payment and the interest jumps to 15%. Payments can be made in cash or stock subject to certain conditions. Warrants have also been granted to the mystery loaner.
That's the way I'm reading it.
"On the first business day of each month beginning on October 1, 2012 through and including September 1, 2013 (the “Installment Dates”), the Company will pay to each holder of a Note an amount equal to (i) one-twelfth (1/12th) of the original principal amount of such holder’s Note (or the principal outstanding on the Installment Date, if less) plus (ii) the accrued and unpaid interest with respect to such principal plus (iii) the accrued and unpaid late charges (if any) with respect to such principal and interest. Prior to maturity, the Notes will bear interest at 8% per annum (or 15% per annum during an event of default) with interest payable monthly in arrears on the Installment Dates and on conversion dates."
"Each monthly payment may be made in cash, in shares of the Company’s common stock, or in a combination of cash and shares of the Company’s common stock. The Company’s ability to make such payments with shares of the Company’s common stock will be subject to various conditions, including the existence of an effective registration statement covering the resale of the shares issued in payment (or, in the alternative, the eligibility of the shares issuable pursuant to the Notes and the Warrants (as defined below) for sale without restriction under Rule 144 and without the need for registration) and certain minimum trading volumes in the stock to be issued. Such shares will be valued, as of the date on which notice is given by the Company that payment will be made in shares, at the lower of (1) the then applicable conversion price and (2) a price that is 87.5% of the arithmetic average of the ten (or in some cases fewer) lowest weighted average prices of the Company’s common stock during the twenty trading day period ending two trading days before the applicable determination date (the “Measurement Period”). The Company’s right to pay monthly payments in shares will depend on the following trading volume requirements in the Company’s common stock: a minimum of $250,000 in average daily trading volume during the Measurement Period, and a minimum of $150,000 in daily trading volume during each day during the Measurement Period, with certain exceptions."
====
So if $1MM has to be paid out in shares in Oct, Nov., etc, they will use a formula to determine the price and the number of shares to be issued. At a price of 30 cents, they'll get approx 3.33MM shares on just principal alone (per month). I think you can see why they needed the 100 MM increase of authorized shares.
TP
Good luck in your trading guys. When the music stops just be sure you quickly find a seat. Some of you are going to wish you never heard of Ants before this is over.
Over and out.
TP
Then perhaps the perceived value of the IP is nowhere near what Ants has valued it at.
<if market cap matched IP value of ANTS we would be trading over $.50 >