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Bitter, go back and read your post, # 2973 and tell me, do you just interpret your conversations with andrew to fit your needs at the time ? Seems to me you thought mcf was here to help with reinstatement ? And maybe to a bigger and better board ! Change your mind on this too ?
You're getting ridiculous now. They can't tell you ANYTHING that isn't public knowledge. Show me, other than your so called phone sessions with andrew where this was ever announced prior to the pr date. BTW, why no update about your latest attempt to contact andrew ( after the r/s ) didn't you say you would update us peons ?
That would be the only way to trade out I could think of, other than taking your lumps now..... but then you'd be gone wouldn't you ? jmo
The announcement of plans to file a 15c2-11 for reinstatement was made on dec 12. I've researched many co's who filed for reinstatement and 2 months is not a long time ( considering all the holiday down time ect ). Some of this talk is being fueled by a want to trade out of here, thats already been established.
" MCF where in the frame long before the 10K debacle, so quit with the conspiracy theories regarding delisting. " bitter andrew...I mean genius, the mcf announcement was on nov 22, are you still sure about this statement you just made ?
I agree, which in turn gives me real hope that return to otc is imminent. Otherwise the er would have been coupled with some kind of sugar coating. Eventually MCF will be the " big news " as advertised imo. Its hard to stay focused here, anyone else having problems ?
I agree, but learning the reality of many of the pr's released by some of these co's ( big boards also ) can be an expensive lesson. The internet bubble that popped a few years back exposed a lot of " skams " orchestrated by some of the biggest brokerages in the country. No one said it would be easy. lol gl
I should have stated this contract was terminated 3 yrs ago, Sino is now the distributor. Evidently Melet never got the approval, as stated before in-house distributors have a much better chance of obtaining clearance.
Oilman, here is the distribution agreement between Melet Schloes. and Abaxis, I'm not implying it in any way resembles Sino's agreement, but it gives you an idea what COULD be involved here. Whatever its costing them to prepare for the rollout is money well spent imo, a sucessfull launch would add a ton of credibility to Sino for future contracts. http://contracts.onecle.com/abaxis/melet.distrib.1999.03.11.shtml
As I understand it Abaxis " distributors " are responsible for obtaining the required approvals in each respective country ( in most cases ) what I can't find is what cost the distributor ( sino ) would face in this venture. It could be a drain to sino to fund this. This is a pr announcing Japans approval of thier products... " Mr. Severson, chairman and chief executive officer of Abaxis commented,"We want to thank everyone at Chatani for their persistence, patience anddedication that it took to achieve these clearances. We look forward toworking very closely with our esteemed colleagues in Japan and we areconfident in our combined abilities to create a thriving new market for ourleading-edge products."
I think " the plan " was supposed to be reinstatement to otc first of all. That was the follow-up pr. I think they've found out reinstatement isn't a walk in the park. Could be their were holes in the 10-k, the auditors consent letter ( INADVERENTLY omitted ) lol weren't signed because the auditors wouldn't sign them. They took it right down to the wire, remember ? The auditors backed out imo. Might be the 10-k has to be restated, and that would explain the delay. Lets hope they get something right for a change. gl
The on time filing is better news than you think, it tells me they might be serious about reinstatement to otc. A late filing at this point in time would kill any chance of reinstatement. I'm under the impression the nasd does not play games with these co's. Bad news might be good news... or something like that.
snow, I understand what you're saying and that is the danger of almost all penny stocks. How they survive is usually not in an investors best interest, any investment books ( investment for dummies ) lol say DON'T TOUCH THEM. I buy stocks like these because I think they've bottomed ( for trading purposes only ) and I think they have the potential to take a turn up NOT because I like the co or its management. BIG difference. Usually what make them run is co hype or " prediction just like what happened here recently, then back down they come. Too many traders in for the short run to make " investing " feasible. With your investing knowledge and understanding of financials, I'm surprised you haven't figured this out yet. Our only hope is a good coat of lipstick on this piggy, that with some cooperation of management to come through with SOMETHING positive and bring some new penny chasers in here, THATS what moves penny stocks. " SPECULATION " or some call it dreaming....its mind bogling how fast a dream turns into a nightmare. gl
Oilman, their policy is not the problem. The state of this co. is the problem. MCF isn't taking on sivc for free, their getting paid. If sivc goes belly-up, MCF loses nothing, and to suggest MCF wouldn't do business with a dying co is absurd. They have enough problems running themselves, ever check them out ? Now having said I think the plan, if their is one, is to get all the b/s out of the way... put some space between the r/s and the er and start slowly building on something positive. The first would be reinstatement to the otc, followed by a Redwood signing ( or two ) and the hat-trick would be Abaxis approval in China. The new symbol is a plus, some positive news and the buyers will be there trust me, the space between the r/s and positive news is needed. This is an opinion only, and hinges on the return to otc within 1 month. If that doesn't happen, I would say all hope is gone. glta
After reviewing all the pr's since Nov. I am totally confused as to what is going on here. Most of them are designed to give the public the notion that things were really happening, well we know how that goes. The one I don't understand is the consulting agreement with MCF. Why ? They didn't need them for the r/s. Its like they wanted to add some credibility to what the future plans were to be. Our only hope is that the MCF agreement WAS made to eventually pave the way back to otc. That delay is understandable now, knowing the r/s and the glowing 10 Q was looming. I wonder how long they could keep the lid on any Redwood signings ? There was supposed to be 3 nearing closure, if that was true. Like I said, I'm totally confused, I guess thats the price you pay for being gullible.
Mine was updated yesterday, now an update from the co would be deeply appreciated.
What earnings ? just kidding oilman, I honestly don't know, my heads been spinning since Fri. I don't know if I'm ready for that but we might as well get it over with. If there's any bad news lets get it all out of the way. Question, wasn't it last wednesday when the volume spiked here ?
I'm sure they'd like to put a little space between the bomb and the big one we're waiting for ( otc ). I hope they can keep this in lockdown until then, that should not be a problem if thats what they want. We pop out on the otc with a new symbol and some good news... stay positive guys, it can happen.
I have the same thing with Ameritrade, its probably taking a little longer because its a pink sheet change. I'm in no hurry to see the update, it'll be ugly. Believe me, Ameritrade will be on it, they surely don't want anyones acct inflated.
lol I don't know bluefish, but I can tell you there's certain people really turning the heat up on these types of co's. and the way they operate. Thats why I hope he's in the mindset to do something now for the shr-holders. A kind of smokescreen if you will. Hopefully when the smoke clears, a lot of posters here will have escaped. Myself included lol GL
This all hinges on the one pr we desperately need. SIVC RETURNS TO THE OTC. As the sole mm, mcf will then control things for a month anyway. I think they run it but I'm a little biased lol ( especially with a little help from Redwood ) Bickel imo isn't ready to lose this cash cow he's created. By creating a little value ( for himself as well as us ) he'll regain a little credibility, I said " a little ". But enough to allow him to go on wheeling and dealing for who knows how long ? I wish him well. jmo
I don't know why that would be oilman, td ameritrades up and running. You want me to put an order in for you ? How about a few million to start the ball rolling lol
You can rest assured they will let this suffer a while longer. There's a lot of money to be made if they can take this down another notch or two. Anyone who doesn't think they have an small army of bottom feeders ready to make a killing here is sadly mistaken. Give it a week or two, and hope their plan works. jmo
I still think the omission of the auditors consent letter from the 10-k was not an accident. I thought it then and what has transpired since has only increased my suspicions. All that they have done since is keep us guessing, read the pr's, first they said " we're going to correct this and immediately apply for reinstatement " lol then a month later they announce " we think its in our best interests to apply for reinstatement " Why the delay ? Why the silence ? They killed the rally with the 10-k fiasco and then did nothing to rectify it. That cannot be argued. If I an right about their want to stay on pink sheets, then the theory that now they will try to put some life back into this makes sense, you think they don't want a cut of the $$ Don't expect anything until they get reinstated to otc, that is still the first move. gla
Well scoobey, I could add a couple more to the eight offenses lol but I'll keep my mouth shut. If I say what I really think I'll break two or three myself. Thanks for the reply. ( thread disruption is close though )
I'm not sure of the rules here but I am curious if Dr. Wonderfuls posts don't somehow violate I-hubs policy.
Oilman, I was away on friday and missed all the fun. After playing catch-up here I think you are definitely on the right track. I've always been suspicious of the late filing of the 10-k followed by the infamous omission of the auditors consent letter. IMO it was all planned. Look back, nov 17 Bickel states as soon as they were notified of the omission, they would correct it and apply for " immediate reinstatement ". Then Dec 12 the they put out a pr stating they thought it was in their best interest to pursue relisting as if they were pondering other options. Now we know what the other options were. IMO they didn't want reinstatement until this was done, and now I expect them to start pumping this thing to the moon. As for anyone wanting to talk to Andrew, don't you realize he's a part of this scam ? His lies are what some of you fell for in the first place. gl
You consider this a " long " time Dr. ? I think you should see a dr as soon as possible. Posted by: Dr Wonderful
In reply to: None
Date:1/23/2007 12:34:15 PM
Post #of 3543
After doing my DD on this one, I believe I will pass. It looks like it ran from .0025 to .09 back in 9/2004. Then they raised the shares to 2 billion, and there has been dillution and a dwindling pps ever since. Except for a run early last year to .0039, which the company seemed to kill through bad releases.
Then they fell onto the pinks, which is an abhorrent move for any stock, and have not been able to get going since.
Sorry guys, I can't put my money into this one, the management is just terrible in my opinion. See you round the boards.
Some good advice flyers fan but not completely true imo. Speculative prs no ( but not always ) Good solid prs absolutely ( the return to otb, another Redwood signing ect. The mistake most people make is " investing " in any sub-penny stock. Thats the difference, I don't want any of these co's holding my money longer than I have to. Its a shame, but thats how the game is set up, the sooner you learn how to play the better off you are. SEIH is primed for a rise in pps, and I think its very soon. Most players are flipping these stocks, longs are usually ones that got caught being greedy and missed the ride home. And that my friend is the key, the exit point. lol gl ( this is my opinion and in no way was meant to knock any longs here, some would agree with me, some not )
Here's another one ( mnhg ) oilman, its an old one but it gives an idea about whats involved here. This cost was almost 20,000, the funny thing was thet eventually were delisted again. NOTE 9 - STATUS OF OTCBB LISTING
The Company was delisted from the Over-The-Counter Bulletin Board (OTCBB) exchange listing effective August 30, 1999. The Company was reinstated on December 29, 1999 to the OTCBB listing. The Company incurred expenses of $18,945 for this reinstatement. Effective May 23, 2001, the Company was delisted again from the OTCBB as a result of not filing its Form 10-KSB for the year ended December 31, 2000.
I'm using Ameritrade's streamer, it was the same yesterday too. I was hoping reinstatement would happen before the 1/4, but at this point in time you can't be picky lol Thanks for the info, .0005x.0006 sounds a lot better. I'm still thinking a string of pr's will hit the wires soon, this can't go on forever can it ? lol gl
Now the bid/ask is .0001 x .001 lol This is the kind of crap you have to put up with on pinks. They're treating this like a road-killed skunk, no one wants to touch it. I finally got to the front of the line ( line was very short ) and got a partial fill on my order @ .0005. This is it for me, I'm already second guessing myself on this buy. This co has a way of doing that to you lol. Ever see that movie " ground hog day " ? I hate that movie...... NEWS, any NEWS good OR bad, just address one of many issues here. Is that too much to ask ? Breathe some life into this corpse ( and this board ) gl all
Actually I think the real " longs " here handle it quite well compared to some boards I've seen. I'm confident of one thing, abaxis will get approval soon and that alone will give us a boost, thats jmo, not Andrews. Its nice to be relying on another co to get something done, something that will be in their best interest too. gl
We can ony hope so Oilman, if we have to sit in the dark then EVERYONE should lol . You were were talking about the time frame of being relisted and how long it should take. I'm still confused about the sfda approval in China for the abaxis products. Think about it, that first agreement ( Melet Schl. ) was signed in 1999 ! From what I understand most medical devices that meet certain requirements in other prominent countries ( U.S., France , Ger. ) usually get approved relatively easy. Whats interesting here is that is one thing you can't blame seih for, thoughts ?
Look, its obvious you don't agree with me, but when you say " On the Move
MCF getting relisting sorted out shortly (any day soon) and then soon afterwards the first of THREE Redwood prospective clients from the Dalian District in China to sign an agreement for listing on the US Stock Market.
Expect news early next week so I understand.
Regards
BG .....that statement tells me a client WILL BE SIGNED. Its missleading and you know it. These posts ( you admittedly don't believe them now ) are not in anyones best interest. jmo
Something really bothers me about these kinds of posts. After being " tipped " news was a week away you wait TWO weeks then post " expect the news early next week " SO I UNDERSTAND quote. Now the tip is embellished with " an announcement of the first of THREE Redwood signings. post 3379 only relates to the delisting issue. First of all these kinds of individual pr's should never happen, this co is should start communicating with shareholders via actual pr's. " Andrew " shouldn't even be discussing these issues with individuals, its wrong if not illegal. And you should think a little bit about what your info ( be it legit or not ) can affect peoples decisions. jmho
" Under terms of its agreement to assist with DALIAN FUSHI's reverse merger into a public U.S. company and financing in U.S. capital markets, Redwood Capital will receive compensation in the form of up-front fees, ongoing fees for strategic planning services, equity in the company and warrant coverage. Moving forward, there will be additional fees for services and equity/warrant participation in follow-on public offerings for DALIAN FUSHI. Redwood Capital expects its compensation to result in significant six-figure revenue through the entire process. " Seems their still connected, I also think you are right.
I think patience is wearing very thin here and understandably so. You had faith in this co and what you've been told. You also confer with Andrew and have had praise for him in the past. My question is simple, you talk of smokescreens and out and out lies being fed to investors, why would you put any faith in a conference call with Jim Bickel ? IMO if they have no intentions of leaving pinks, they should just announce it and get it over with. I do agree with you on one thing, this is getting ridiculous. gl trading out
Good morning guy and congrats on getting out of the i-hub jail. Now heres a dumb question for you, are you doing dd now on seih for possible investment purposes or are you here to carry on where cindywoohoo left off ? In other words shooting holes in an already sinking ship. tia
I think you misunderstood, " When the bid is hit it is normally shareholders who sell their shares at the bid " I realize that snow, that why I said " anyone care to help out ? " I was hoping someone wanted to bail thats all. A 3 point difference between the bid and ask is ridiculous, nobody will touch that imo and thus no shrs traded. Manipulation at its finest. glty