researching
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lol. Sounds like you have trouble comprehending how bonds work.
Bonds don't work that way. These aren't savings bonds.
I'm not picking on you. Every time they add deals the "reset price" goes higher and higher by those guessing what it'll be.
I know. Like I said, I was being funny to prove a point. $10 billion is crazy too. And that would make them a large cap, btw.
It's a joke to show how dumb people are being when they start posting $100+ pps.
Largest Companies by market cap:
Perceived book value * 110,000,000 shares
ExxonMobil
General Electric
Microsoft
Citigroup
Royal Dutch/Shell Group
Procter & Gamble
HSBC Group
Pfizer
Conversion Solutions - OTCBB
Wal-Mart Stores
Saudi Basic Inds
Bank of America
Toyota Motor
AIG
Johnson & Johnson
With those numbers, they just became the largest company on the face of the earth.
All kidding aside, since the assets aren't owned by the company, book value is meaningless.
LMAO. What a joke. I just found the license from Brasil.
Expired in 1998.
lol. Get me a bucket.
It's down to a trickle on trades. I think you're right. Any upward pressure will be met with selling. They may try and run it up on small volume for the close but I don't expect much.
I'm shooting for 2.38 and then they'll try and run it up some. We'll see. They may time a PR if it drops too much.
Yeah, it'll test 2. MM's have been shuffling shares to give it volume and momentum, but it's fading. There's a lot of matched shares over the past couple of days.
Harris has no control over halting this stock. So anyone that's afraid to take profits and watch to get back in, you're being really foolish. It won't just halt and magically reset. But he wants you to think that so you'll hold.
The bottom's dropping out right now, btw
$2.52 eom
Hi 53. Can you explain that? Who are the buyers for the selling shares?
3)NT 10-Q Notification that form type 10-Q will be submitted late 2 pages 02/15/06
not submitted UNTIL 22 pages 05/12/06 SEVERAL MTHS LATER
Wrong. They submitted it the same day. Good grief. The rest is all static also. Check out the SEC website and learn.
Market conditions for a 10K. How assinine. Then again, it's coming from Harris and Stanley. lol. Those two should just keep their mouths shut.
I have to laugh at a poster yesterday that posted Harris was gagged and in a quiet period. Two hours later he's blabbling on subpennyradio and posting on hsm.
Compare the financial statements from 3/30 and then 6/30 and you'll see some interesting changes.
lol. Sad but true.
No, that's their net increase in cash and cash equivalents on the Cash Flow statement. lmao
Their auditor said they were development stage and none of their subsidiaries and jv's generated any money. It's right in the 8-K/A
I don't have to. For some reason all of these pos companies love to say they're moving to nasdaq. I guess it makes investors all excited hearing it. They don't qualify, though.
So? They're still a development stage company.
A development stage company doesn't even come close to qualifying for the Nasdaq.
But only $1,800 in the bank. lol
That's an old scammy conspiracy. A bunch of companies pr'd it and financialwire made a big deal. Most are still there. They use it as another naked shorting excuse. Rufus must use the same promoters.
They're such innovators that they copied their entire corporate charters section verbatim from Thompson Financial. lol
Interesting. Comparing 8-K's for the 2 periods show that there was a receivable for $33 million on 3/30. On 6/30, the receivable's decreased by $19 million (an interest payment came in).
Then, subtract the expenses from the $19 million. Gives you $18 million and change. Subtract out $18 million paid to the real bond holder and that leaves about $280k.
Multiply $280k by 35% (income tax) = $101k
So it looks like they only managed $280k in net income for 6 months.
Or else, where did the $18 million go and why are they only reserving $101k for income taxes!!
It's on the merger 8-K (for 3/31/2006) and then look at 8-K/A for 06/30/2006.
SEC has both 8-K's. Very simple to see.
Figure it out yourself. It's in the filing, but I doubt you'll understand it.
The stables are now removed as assets.
mm MURF is Murphy. They're sitting at $7 because they're not active. They've traded all of 3,000 shares YTD for CSHD.
No discussion on this (from the NT-10k)?
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [ ]Yes [X]No
Don't tell me you guys don't know how the "E" works either. I take that back as I can see a few that still think today's the 10-K deadline.
Actually I'm laughing at you for knowing so little that you still think they're "on time" with their 10-K even after filing an extension saying they're late and need more time.
Nope. I wasn't speaking of the auditors at all. I was talking about how assets are moved off balance-sheet to special interest trusts and it sounds really good but where's the value?
It's perceived value. Some perceive it at $100. Others at $2. So far they haven't done much. A reverse merger and a couple of trusts set up to maybe facilitate in generating future revenue from bond securitization and JV investments. So it's still a roll of the dice. Assets by themselves don't build a business. It's going to take a few quarters before you can even put a proper valuation on this company.
They don't own any of it. The transfer of ownership goes into a trust set up by the company. They're trustees, not owners. It's splitting hairs, but in one case it means $0 and in the other it means $500,000,000. Everyone then guesses it's $500,000,000.