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Rap, as Steve McQueen eventually made it to freedom on his coconut raft spouting "I'm still here ya *astard*'s", I'm shouting the same...
In 14 years of trading penny's, this is only the 2nd one I've found worth holding over an extended period of time.
Less downside risk here than GOOG currently trading at $503.76
SirTemp'
It's good to note that no longer is sfnncorp a defined site to consider when viewing products and services of shearson, nor investor info, at this time.
As the master plan unfolds, the sfnncorp site now reads at the top:
ATTENTION: This site is under construction. For our current site please CLICK HERE, which is the shearsonhomeloans site.
Patience....
SirTemp'
OT: Can you say Indy area so the Colts are now at home, and poor New England has to come to our house. Should be a great game!
Bear
Colts
in
Superbowl
Day Off
SirTemp'
Rhapsody... you have a way of wording that get's those like myself to come back and read it again...
It's a joy to add visual illustrations to your notes, right?
Is from this side....
SirTemp'
MrD, goot-one EOM EOM
Mrd, patience is what? !eutriV A EOM
backdoobear, this is a pretty good place to hang out a few minutes a day. I spoke with Joseph today, man these guys are busy, been to Jersey, back to Jersey, going to CA next week, so we are going to hook up conference MB, JB, and myself on Tuesday of next week.
Re-define IR regarding SFNN from the ground up is what I hope to have MB concentrating on for the next couple of months until the pps rises to a price we all can live with. Then and only then can he get back to work....
There's a plan developing, it's very unique, but that's all I can say.
Temp'
In the old days, those who bought did so because they knew money was to be made. Now, if it's not made quickly they're willing to take a small loss and move on. I own about 2.5mil at .03, and I'll be craped on if after all the DD I've done, I'm going to take a loss. Just because one couldn't find the ultimate 52-week low, they sell.
It wasn't that long ago that from zero to .06ish happened in less than 48 hours. Now that SFNN is cash positive, looking for another acquisition, searching ways to keep investors around, limit the O/S to 500mil, you'd be an idiot too sell one share below .06cents.
But I'm just old school, call and know each by name, know their cell phone numbers, and they know me by my first name. How is that done?
Taking care of business, something most penny players don't recognize!
SirTemp'
Everyone needs to get a grip, well not everyone but from what I've seen those who SPOOK easy. SFNN is in great shape, but since we are living in an age of "give me a minute to make a buck". Few listen to the real story behind a long term play.
How long is long term? In the old days, it was about 6 months to a year, now? About a month or two. That's sad, but idiots prevail who won't take time for DD, rely on charts, rely on others speculation.
I feel confident that before our dearly beloved tax date of Apr 15th, we will find ourselves deep into profits.
Is anyone willing to wait knowing SFNN is cash positive among other goodies....?
SirTemp'
Question? Does SFNN at it's current level have more of a down-side risk than GOOG? You'd be an idiot to say yes, but then again... some here are near-sided-idiots.
Clout is everything, but has MB had the clout needed before recent acquisitions including the last one? No. Thus a favorable pps means more 'common share restrictions' with future acquistions and such things as that.
st
Sen... I'll have to definitely and respectfully disagree with you.
If I ask a simple, well I'll back up, a very very simple question:
Does anyone here trust a penny stock to be low-risk? The answer is obviously no. Why? Hundreds of reasons, but one that sticks out is "what can he do for me" outside short-term gains?
Can we say penny's are high-risk? Yes. But what makes a high risk stock? The A/S? No. A high float? No. Low EPS? No. Only 3 acquisitions? No. Low Rev's? No.
Perceived trust, both verbal and written between the founder/ceo/cfo and current shareholders.
We don't know this guy! Has he ever been online regardinig a live Q & A session? No. Has he done anything public? No. Has he written or finished the sfnncorp.com website yet? No. Does he have a legitimate IR firm? No.
Are all of these factors and more yet realized from someone we TRUST? Not Yet!
Dare I say trust is the number one issue...?
SirTemp'
Wasn't Doug already receiving a salary? EOM
Ok, yeah, right... funny you are. Let's give 50mil away for consulting. We paid 80mil for one company and cash, but let's give 3/4 of that for consulting. Hey if it pays that much I should be rich!
I know what you're saying, but that would have been realized months ago on current acquisitions, no matter what amount.
After speaking with Joe, I can tell ya'll this. MB is going to be very very careful about how he spends the last 210million shares. The current pps [according to his plan -- we'll just have to trust him on that] MUST increase expotentially.... before spending any more cash on acquisitions.
Now that seems logical doesn't it? If 210 million is all that is left, and his idea of raising the O/S is nil. That means in order for him to go to another acquistion-table, he's going to have to have a much higher pps in order to give less shares away. So logic says that if it cost 80-mil for last acquisition for example, and now the pps is say .15cents; wouldn't it logical take less shares for the buy? Yes.
This is exactly the formula MB/JB are going to use in order to keep the A/S below 500mil.
Is that new or something we shouldn't expect from a wise CEO? Don't most penny founders realize this and then work within these limits? No. This is one reason why I'm sticking around, as I trust that the guy is going to keep his word and not raise the O/S anytime soon.
But, let's say the stock is at .50cents and we now have $300mil in rev's a year with no O/S left on the A/S of 500mil.
Would it hurt to raise the O/S to say 750mil? Probably not, but would depend on the current acquisitions, long term mind-set of shareholders, and the information MB has projected over that period in order to instill a long term relationship for SFNN shareholders to hold a majority of their shares.
Does anyone believe with current rev's and those yet realized we can't increase EPS without realizing another acquisition? I would hope not. Thus patience is in order for those who realize .026 is grossly undervalued regarding SFNN.
SirTemp'
ya'll don't be stupid here and read anything more into what I've written than intended! That's excludes you Sentinel!
Wouldn't that be the only thing left? As in no dilution [per conversations, right?], but there's been an increase of 50 mil?
Logic says you just don't give 50-mil away just because someone's your best friend, right?
Temp'
unless someone else has a more reasonable answer?
Yeah, no kidding, but diluted in what way? Shares making their way onto the open market? No. Surely you can figure the rest of it out... as in float the same, top is 500mil o/s is 290mil.
So where did the other 40mil or so go? Most of us know without saying, which is far from speculative conversation much like charts.... hehehe
Temp'
Let's get it right... the O/S is 290 million!
Nothing added to the float, 96mil or less. This has been said many times here, and is a FACT. I would hope those new might check back a few days to confirm.
Best
SirTemp'
Doug Lawrence was the VP of Operations as Allstate Funds Loans. As stated in PR, his background speaks for itself...
My initial thoughts are that it's good to see Michael Barron get someone at the top with more experience than he in this particular area. What makes a great CEO is someone humble enough to elect someone smarter than he is for other areas.
All is good...
Temp'
Americano: During conversations both Mike and Joe realize a conserted effort needs to take place between them and their shareholders. Besides, we don't have a clue as to Mike's insight regarding his long-term vision for SFNN. Goals for 2007 and beyond made public.
We have a general background but that's it. For the next 3 months or so SFNN will be concentrating on investor-relations subjectmatter, thus slowing the pace of acquisitions until the pps is well above its current mark. Will that concerted effort stop after 3-months? No. So more time will spent on important subjects getting everyone up-to-date. Because I think of it like this... if SFNN [as an example only here guys...] came out with say an acquisition in which 100million dollar in rev's are announced; would that move the pps? No! They know that, I know that, and you know that.
So, the effort is to create long-term trusted-values between them and all shareholders including recent acquisitions. To get people to stick around through tangible enticements.
I know that's pretty general, but encouraging nonetheless.
SirTemp'
My mistake... sorry EOM EOM Double EOM
OT: Much like the new Bud commercial where rubber meets the floor, good for bouncing beer off of, but a dog? Not Good!
You're in good hands with SirTemp
Wanted to let everyone know that my visit out there is business late this month... as in taking my ideas, expertise in IR, public entities, and especially trust-enabling-processes too SFNN as an outside consultant.
If anyone is curious about some of my background, this should help. I spent the past 14 years understanding the complexities of trust from a host of industries, i.e. from Small Cap Markets to the Personal Lines Industry.
http://www.ereleases.com/pr/20050120005.html
I hope to add quite a bunch to the basic needs of all shareholders, and it all starts with TRUST. My goal is to keep everyone who owns SFNN around for a few years as this company moves forward.
My visit won't be until later this month, but just in case those here were curious about my absence. After signing NDA's [non-disclosure-agreements] during my visit, well, mums the word as they say!
I can promise you from my perspective... we'll have fun in 2007, then onto 2008.
Please don't ask about the project via webpage, that OT doesn't pertain to what's taking at SFNN. On the back-burner as they say....
SirTemp'
Anyone here live in Vegas and is an 'actual shareholder' as I may spin out that way for a few days?
Temp'
money, I was hoping my posts of "yikes" to you know who didn't affect others.... keep up the posts guys.
Out!
SirTemp
thecatsoutofthebag!
Nuff said.. Thanks SF EOM
cottonmather... I spoke with Joe, and have also written him and copied exactly what you posted in the link. His statement was
"The alleged comment is ridiculous and I would never go on record with the same".
Let me tell you something, even though you may be a bit to young to understand [this may be one reason why], what you posted is "liable". Ever hear the word?
Your days here may be numbered, not by bashing the stock, discussing over and over again about the float, dilution, but the above.
May you never do something stupid like that again....
SirTemp'
money, that's true and like ANH, AGM, FMY, IMH, LUM, MFA, NTR, HSM, TMA... and so on... they all give dividends. What makes these companies work, that is the reason investors go to mortgage companies is the size of the dividend.
ANH at $9 gives .08cents
AGM at $27 gives .40
FMY at $17 gives $1.02
IMH at $9 gives $1.00
LUM at $9 gives $1.20
MFA at $8 gives .24
NTR at $3 gives .20
HSM at $14 gives $1.08
TMA at $25 gives $2.72
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b3F08045A-9ECD-4D4F-91E5-20923990293B%7d&....
What drives investors to mortgage companies are dividends, which is what I hope MB/JB are working on now. A long term TRUST solution between their shares, our shares, and a united plan to increase the pps....
The one's saying SFNN shouldn't be involved in dividends don't have a clue as to what they're talking about!
HiTemp'
Now are there those who would love to speculate why the O/S is 290mil or can the truth come out? I dare say the truth is never known fully unless one calls.
You are right about the 290 which I found out yesterday. But dare I actually impute that here for speculative play? Ha!
Teamvegas, just used your post due to actual figures.
Things are good....
Temp'
Ok... I"ll be nice EOM
The bottom line is the value of TRUST is at it's lowest no matter what industry or walk of life. We've all gotten use to NOT trusting each other. By creating values in both "verbal and written", and back it up with a long-term strategy based on TRUST? What is wrong with that....?
Temp'
So if you called the company yourself and mentioned please try this idea or that idea.... what info is this?
Don't screw around with my goods homey!
Temp'
I won't comment on specific's here, as I don't want day traders to take advantage of anyone who posts. But I will tell you this, and that is MB/JB are addressing "shareholder issues" outside normal business practices.
What I mean by that is by creating trust-agreements [verbal or written] between them and shareholders. More specifically but still in general terms, the ability to create long-term shareholder value.
What most CEO's of penny stock's don't understand is that the value of shareholder trust is way more important than any acquisition, any 10q, or other news items.
Say for instance a company has an O/S of 500-million, but through acquisitions they've already ate up 300-million. During the process of acquiring 3-companies with that 300-mil, the companies all agreed to 80% in stock, and 20% of the value in cash. So that let's say for example each company got 100mil plus cash.
Upon the first acquisition, and during negotiations let's say the pps was .01cent, thus more shares would need to be given, right? Yes. Let's say the second acquisition about 6-months later the stock was .02cents... does that allow more SFNN clout going into negotiations? Absolutely.
So let's say both companies received their stock restricted for 5-years at .05cents. Ok. Now the stock is at .03cents and here comes the third company SFNN is wanting to acquire. Does SFNN have more clout now, and with a higher PPS have the ability to use less shares of the O/S at the negotiating table? Yes.
CEO's assume that with a great purchase, investors will come onboard thus carrying the pps higher so that during his next venture, he has more pps clout, thus he doesn't need to spend as much in our shares as he would of had prior. But unfortunately it doesn't work that way if trust is not developed between management and shareholders from all perspectives.
Let's say SFNN wants to acquire another company? How much O/S do we have left rounded off? 200-mil. If the stock was at .10cents going into the next round of negotiations, would it require as much stock as the last? Absolutely not! So the point here is to create long-term strategies of TRUST... between management and would-be investors. SFNN is going through those startup motions, getting geared up from a host of fronts to create these trusted-values in order to acquire more companies for less stock with only 200mil left.
Personally I have been very very adimate about creating these trust values before any more acquisitions come about. This way when the pps rises, and MB has done his thing creating long term investor values [incentive to stick around], we get more bang for the stock dollar with our last 200mil.
We all know what it would be like if MB adjusted the O/S to 1 Billion, that just won't work.
So....... we move forward
Temp'
In a nutshell... EOM
Asked, 96mil, float hasn't changed EOM
I am personally very confident in Joseph's reply, not from the reply itself, but from other factors that lead into before and after his statement. After 14 years investing in small caps, I believe I have a pretty good idea on what to ask and how to ask it.
I meant this post to be unattached, but hope that's ok matt24 as I looked up?
I don't want anyone to think I believe we'll be rich off of this, not for a minute, I don't think that way. But at these levels, and the talents I see in both MB and JB, come on now!
Now as an aside.... what might one think if say for instance the O/S jumped 30 to 50mil and there wasn't a dilution going on? How could that happen? That answer should be obvious... as I won't spill my thoughts here. If you hit it right, I'll PM you, otherwise have a great evening everyone!
Temp'
Spoke with JB _ Legal Council EOM
Just spoke with management and there is not, nor present, nor anytime soon... reason's to increase the float.
There is no one converting at this time. All shares outside the float are restricted. And according to management.... nothing will be added to the float anytime soon.
Nor has the float been increased!
Now the naysayers can expound on this with their verbal spazzzz, as the truth comes out whether they like it or not.
PatientTemp'
ps.... that's all I know except to say I'll be holding now for about 6-months instead of 30 to 45 days.
agree circleGrid EOM
Management knows our requests, well... at least some of us. In order for management to understand shareholders they need to think like a shareholder. I believe within the next month we'll see that. As I said, I'm patient until the last part of January, then dependent upon news, ceo mission statement, and media events... this will determine whether I am a long'er term shareholder.
Thanks for the link to ignore certain posts and not others. Thanks for the reply regarding 'my DD should be my DD'. So in a general sense I add what I hope is positive with connections with management. In the past I have posted "general" statements when I speak to MGT, and will do so in the future. What I post here which is filtered, I hope has nothing to do with those who buy, sell, hold, or for how long... that was never my objective.
My personal forecast to sustain a long term hold is to have managment "THINK" [and let us know] LIKE... a shareholder! And if they do that, we should see a PPS above .10cents and hold that value.
There seems to be a lot on the table regarding what SFNN can offer in 2007, and especially within the next month or so...
Temp'
Markets open tomorrow? Thought I heard both NAS/Dow agreed to stay closed until Weds?
american, understand EOM