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I will keep deleting your posts unless you get the facts straight. All of Edward's emails are not just to me, they are to the shareholders on his email list. You make everything out to be that I am the only one he communicates with as to take away from his emails. I will repeat you haven't once asked for his email or how to get on his email list. Sounds like someone that would rather stay on the outside and mock those just trying to share information.
Thanks skier and Happy Thanksgiving to you and all.
My question is. Do these items already have AT&T approval to run on the GSM network, if not then how are we going to sell them. Because apparently they have to be to sell, since they referenced in the PR. Is this going to take another 9 months - 2 years to get this done?
According to the company, the CT-150 is a low cost solution for standard GPS tracking applications. The CT-150 is an economical device that is available on GSM platforms (ATT/Cingular and T-Mobile). The CT-410 offers some of the capabilities of the Cyber Tracker and is available for iDEN (Nextel), GSM (ATT/Cingular and T-Mobile) and CDMA (Sprint and Verizon) platforms.
I agree totally skier.
I took it that the products were already developed by another company, and we were going to be the reseller for that company. Hence, no manufacturing cost and no need for large inventories. Hence small profit margin for us. And takes away from the big sale and increased profit margin we could have had with the CT. So I think we are the reseller, not Best Buy.
We pay for it upfront Mike, that is it, nothing else matters after that.
Best of luck to you too Razor. Happy Trading. Sorry you didn't get to sell with a gain here.
I think it was NetSky's PR today. LOL Just by the way it started out with NetSky as opposed to WatchIt.
Not only that, but why would he pay 10 mil for shares that we only paid 500 K for? Another deceitful statement by him, to try and make us mad at our BOD. They do that well enough on their own, in my opinion.
Good post thekid.
That is where we are at exactly. Just have to be patient. Like I said wasn't that excited about the additional shares that would have to be issued, but accompanied with that additional information it looks to be pretty good. Hope we can achieve the outlook that they have for the company. Then we will turn the big fat ZERO, in to big fat DENIRO.
To put 50 million in a company you must expect that company to be able to generate revenue greater than 50 million. So maybe they have seen something we haven't yet.
I didn't like the $50 million update either, but if it helps us expand, maybe it will be worth it, maybe not. Sounds like it is opening some new doors for sales though.
That's a good idea Ward, I would absolutely pitch in, if we were able to do that.
I don't think a shareholder meeting is what he is concerned about right now. I agree it would be nice. But, I do think we would want to have something to discuss if we to have a meeting, that being said, I didn't see any mention about a buyout offer. Sounds like with the Investment Banking offer that it may be off the table for now. Doesn't seem like we would be entertaining that notion if we had an immediate buyout proposition. Some questions were answered in the letter and others were left unanswered, but glad to have the communication regardless. All in all, things seem promising, I have a great deal of confidence in Edward.
The closest I seen to a date was 9 months toward the end of the email. A little further out than I was hoping for, but maybe it will pay off. To me it looks like he his making his best effort to make this company a success. He did share a lot of information, and it also contained a lot of detail. Detail is good, in my opinion.
And if you really want to know how I was starting to trade this stock, I will tell you. I had two trades orders that disappeared the day of the split due to the name change. An order to sell 5 million shares at .0005 and an order to sell 5 million shares at .0008. And I wasn't trying to pump this stock, if anything I was negative because I know the situation this company is in. That is what I am saying, I can have a trading scheme and not go and post information that I do or don't know is fact to try and hit my target. I don't have any orders in now, because it will have to get closer to .15 or so before I try that approach again. Also, way back, I traded 50,000 of my 200,000 shares at .058 and bought back in at .05 with the same money for more shares. So to say that I don't know what you are talking about is an inaccurate statement. What you don't know is that we have been promised the world for 2 years, and all it has done is fall with very small spikes up. With the potential to drop a big contract at anytime. Call it fear of missing the boat, by trying to flip on what would have only been small gains, with the potential of getting a huge gain on one big run do to my share count.
That's a riot skier. I wish it wasn't the case, but their press releases are not far from this.
Link to India Investment Banking
http://www.silverdaleservices.com/
Already was in the process of correcting, I thought I had already multiplied by 8, but hadn't, so just assumed my calc was billion. 976 million versus 1.22 billion shares traded in the 8 days since split. This potential could be a 10% increase in shares outstanding in the last 8 days of trading prior to today. Not saying that it is, just saying that it could be.
Not only that but you are making up numbers that I didn't say. Is this to try and make my postings look misleading? Because that is one thing I have never done and will never do. I have 75,000 shares here with over 50K invested, I think my emails to companies would only be sincere and in the best interest of the company. My current opinions are the position I think this company is currently in. I can share that information just as much as you can. You posted low float, I disagreed due to lack of information to support after split. And it pisses me off that WardoffMonkey threatens to delete these emails. I can dispute the information these newcomers bring, and if I think they are being dishonest by proclaiming what they say as being fact, then I will and should be allowed to dispute. Not very like you Ward. Snap out of it.
I am using logic, you are just using sarcasm, and not helping or proving your point or disproving mine. arcpaul proved my point, we don't know what the outstanding shares is. He called the T/A and they wouldn't tell him, so where did you obtain your basis that the float is low. You don't know. Until you can prove your theory, how can you disprove mine?
My calc was off here. 1 billion would be the share amount not 1.22 billion.
Make stuff up on your own there. I said they have dumped 1.5 billion in pre-split value of shares. With the 305K you mentioned that would be 1.22 billion in pre-split value of shares, LOL, not so wrong afterall. You need to get your stories straight.
You stated
"a total of only 2,442,057 shares traded in the first 8 day period after the split for an average of only 305,257 shares a day. you are saying they have dumped billions of shares in the float lol."
Shareholder Email: 11/5/07
Dear Fellow Stock Holders:
I have just recently returned from my overseas trip - the longest I have ever been away. During the past two months I travelled all over Asia selling DCM Systems (www.efotoxpress.com). I have never been so successful in my entire life selling any product like this one. I continued to open more markets worldwide particularly in Asia. Like many new products it did take sometime to sell one system and it will continue to take that time to sell as many. It will take at least 6 months from the time of installation until acceptance before we got paid. This is very typical in the medical industry. The good news is they like our product. Our 30 inch monitor carrying 4 mega pixel resolution is the latest new hit. No one has ever seen anything like that. We have received 30 orders just for the 30 inch work station alone. We have just added another new product to our line.
We have recently opened a new office in the Philippines. We have hired several technical people to support our customers. We continued to hire sales-people so that they can help sell more products in the Philippines. At the moment we only have one hospital in Singapore using the product and we will use the support from the Philippines. We have appointed a major dealer in Bangkok and we are confident that they will do very well there. The dealer in Bangkok has purchased one entire system as their own stock. We are in the process of drafting an agreement with an Indian Distributor. The Distributor will purchase 40 systems and inventorized them as stock. Meanwhile in the USA we are close to completing a deal with Dr. Richard Oliver. Dr. Oliver is a major stock holder and he has agreed to sell the product on a limited exclusivity arrangement in the US.
In the interest of the stock holders I have decided to defer the listing of the stock which I have promised. I had earlier promised that I will take the stock public in September. However come September, I felt that we were really not ready. Our product would have only generated meager revenue and I felt that it will not generate ienough nterest within the investing public. I am so afraid that it would come out as a penny stock and I would have been blamed for a lousy job done. If we ever came out as a penny stock we may not be able to climb out of this hole and realize greater value later. The climate at this time is also not right for a listing. The US stock market is about to face one of its worst nightmare soon. With oil prices closing at $100 a barrel and a weak US dollar (as most currencies are posting all time high against the US dollar) I am sure everyone would agree that we should not rush into listing just for the sake of listing but it would be wiser to do so when we are more ready. I have a fiduciary duty as the CEO and I intend to do what I can in the interest of all of you. I strongly believe we need more time - more time for the product to get known and with time we have a better chance of making those revenue numbers.
I have been approached by an investment banker from India (www.silverdaleservices.com). I have now received papers which I have to complete. The Investment Banker will provide $50 million to eFotoXpress in exchange for conversion rights when we go public. The $50 million will come from Barclays Capital ( a Division of London's Barclay Bank), Goldman Sacs, Silverdale and several Funds out of Dubai.This money will be used to purchase new technology and even new companies so that we can grow bigger. The Investment Banker will also take a positive role in the manner in which we role out our business. They will take us to the Middle East where one of such investor is the owner of 18 hospitals. Incidentally the Indian deal came from this Investment Banker. I can see why when an investment banker who gives you $50 million will want to see that you don't go down. I can only draw the conclusion that they must see a future in what we are doing. The due diligence process should be completed by the end of the month. I don't see any reason why this deal cannot go through but there is still a chance that they may abort the deal. So let us not celebrate for now until I sign on the dotted line but use this as information for an update.
Once again I want to appeal to all of you not to drown this office with e-mail insisting that I must update you all every two months. While I appreciate your investment I do not have the time to answer every individual question. No CEO of a company does that. Some of the stock holders were so demanding that it has become quite annoying. In future I will refrain from writing to stock holders unless in an e-mail like this. We are going into revenue phase and it will take another 9 months before we really can start counting our chicken. No news is good news.
I want to assure you that I have worked relentlessly to make this company very profitable and so please be more patient.
Thank you.
With warmest Regards
Edward Tan
CEO
Ok, I emailed Edward on Saturday night, and he responded today.
Here is his response.
Dear James:
I had just got back and I am trying to get my composure. I will try to send out an e-mail today or tomorrow to all of you(by you he means shareholders).
We have the best storage solution. I sold over $10 million in the last three months. It must be good. I need to come and talk to them. Can you set me up.
Regards
EDWARD
My email to him.
Hello Edward,
I hope all is well.
Also, I was hoping that you had some good news to share with shareholders after your trip to Asia. We need something, we have been in the dark for 2 months now, and the last email was filled with all types of buyout information, potential sale information, and we have also blown by the listing date with no communication.
Another question:
The hospital I work at is looking at installing an EMR (Electronic Medical Record) System. I am sure that storage with this type of system will be tremendous. What, if anything could you offer them in terms of storage products for that type of information?
Thanks
James
Loyal Shareholder
The float prior to the split was 1/2 the outstanding shares, because that was all it could be with the authorized share level at that time. Now, who knows what the float is. Like I said HISU could have already issued 4 billion shares to the MMs to sell, you or I don't know. But most likely they have since all they intended/admitted to doing was just that to raise more capital to keep the doors open. They are diluting. In a perfect stock where the company wasn't admittinly diluting then yes we could say the float was 1/2 the outstanding shares before and after the split, but not here. We have been with this company 2 1/2 years and when I started it was about 1.5 billion, and they have been diluting ever since to keep the doors open, and still need to do so.
Yah, a group of guys jump in on it, which has obviously been the case. You all have said so yourself. The number of shares they have mentioned purchased, most likely isn't realistic, and not necessarily the truth. Funny thing is, it is only .01 over the initial split amount. Yes, it might have been a 117% gain in one day, but since split only up 25% up and it was at .0001 and .0002 everyday prior to the split. It just so happen to split on a day it closed at .0001. So we could be down 50% or up 25% depending on how you look at it. Dilution is occuring, the company has said it themselves. It's the only way they can keep the doors open. I don't know why everybody all of a sudden thinks this has changed because 2 guys come on here saying otherwise. That is deception in my opinion. I can tell you we had few sells by the longs Friday, about half of the outstanding shares are restricted, so where did the shares come from, I got it, the company. They were happy to see people buying at .05 and .06 made more than they expected on those shares, and for those that did, thank you. They were able to raise more money on those shares than they ever expected.
With the impact those 2.4 billion shares has on the PPS, yes I do consider that to be dilution. That dilution actually effects us more now that we are at a penny than it does when we were at .0001. It couldn't go no lower at that point, and now it can and has and will continue unless they stop selling shares and produce some results.
I like how no other companies list their quote symbol on their home page, but WatchIt displays it twice on their homepage. Does that seem obvious as to what they are after with this company?
I haven't learned anything from them, everything they have told us, has been evident to me shortly after I started invested in pinks. For the most part they are crooked, and you have to be ready to dump instead of hold and hope. I have been flipping my other pinks ever since this HISC fiasco. But can't on this one. But I also don't go on the boards of my other pinks and suggest everyone to buy, trying to pump up the stock. The pumpers can hurt you just as much as the bashers. I will say again, they aren't doing it for you, and you don't know these people anymore than you know me. JMHO
I am done with this issue now.
10 Day average volume is 470K. This equates to 188 million/day using reverse split value. 188/ day was huge back then and still is now. Two days worth and we were right at our previous authorized shares amount. 8 days worth of trading and that is 1.5 billion shares traded since the split. Over and above the previous authorized share amount. 1.5 billion is considered continued dilution for me. That would be right at 11 billion shares issued by the company.
From that same link.
What exactly is a company's float?
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The term "float" refers to the regular shares that a company has issued to the public that are available for investors to transact. This figure is derived by taking a company's outstanding shares and subtracting from it any restricted stock. (Restricted stock is stock that is under some sort of sales restriction: for example, stock that is held by insiders and cannot be traded because they are in a lock-up period following an initial public offering.)
So my question. Let's say HISU has available 4 billion shares with an MM ready to be traded. What are those shares considered to be? Are they part of the float, since they are in the hand of MMs?
If the company has an infinite number of shares out there ready to be sold, then that is part of the float in my opinion. Which I absolutely believe to be the case. If someone wants shares, they can get them easily from the company's MM. So their is no stranglehold on these shares and no low float.
Nope not yet.
How do we keep coming to the conclusion that there is a small float? Is it because Aufan tells us so? Can you trust him?
Old Koot, .08 was just .0002 before the split. We could have sold at .0002 ample times prior to the split. If it wasn't good enough then, then why is .08 all of a sudden good enough. My losses are so many here, that it won't matter any to me. But someone looking to pump and dump this stock and decrease the value even more is what worries me. I want this to move on fundamentals (sales) not on some pump and dump scheme.
Just tell me how you know the float is low, I would believe it to be otherwise. They are printing shares and they are diluting again. Look at the math I provided to Razorback.
Ok, I agree with you on that. But with the split, we have no clue as to what is in the float, wouldn't you agree? Only people associated with MMs or the BOD would possibly have that information.
They can stick around if they want, but not for the reasons they are trying to lurk in here right now. Trying to convince all of us to buy more shares, so that they can benefit from it. They aren't looking out for us, we all know that.
If that's the case, then why is it such a secret that our own IR company cannot tell us that information. Information that was so well known before the reverse split.