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Dan filed a REGDEX on 2-16-06
Here is a link to EDGAR, he filed on paper so you can't read it electronically.
http://www.sec.gov/cgi-bin/browse-edgar?type=regdex&dateb=&owner=include&count=40&ac...
Told you he was dumping shares. Somebody post this on RB, I can't get on at the moment.
REGDEX [html][text] 1 KB [Paper]Registration of sale of securities [Regulation D and Section 4(6) of the Securities Act of 1933], item 04
Film# = 06025361 2006-02-16 021-45050
Thanks ballyhoo eom
someone is slowly buying up the .0003's, how are the mm's lined up above .0003? Anyone?
.0002 X .0003, at least we know this stock is free trading and not being diluted.
The company/broker dealers are obviously dumping counterfeit shares. My guess is that some new type of regulation scheme is about to be initiated involving the OTC/Pinks and owners are in cut n' run mode. They should be hunted like animals and slaughtered for all to see, then assets seized to pay for more bounty hunters till the disease is eliminated. That would be worth the money I've lost with these theives, just to see it all come down hard.
Here is an example of how GMCI should perform if they announce a decent business plan...
http://www.pinksheets.com/quote/chart.jsp?symbol=CMBV&duration=2-6-8-0-0-51
This company CMBV is utilizing a 'bird flu' scheme! Looks like it went from .0002 to .003 in less than a month. Go GMCI !!! Don't RS till you announce your business association.
IMO, CMSI will change names and RS before the restriction is lifted. It won't be worth the paper it was printed on. Asstrom owns it, why would he want to make 3000 people any money at all? We will all be left with a few hundred shares of .001 stock IMO.
Grumps, it will skyrocket on news, RS, and go up more before crashing next year.
There is no resistance to .0007, it was taken out in Aug as a test. I see it at .003 with 1.5B in volume before the RS.
No I haven't. I have never called the company, others here say they have.
Someone must have contacted RB and requested the board.
'Birdietoldme' The answer to all your questions
is NO!
Go to Capital One if you want to hear YES!
Is that you in the "bright yellow shirt" hanging onto the fan ceiling?
GMCI, down for the count at .0001
No demand... so what was that pump to .0007 all about in late Aug? I think we all bought Volcano Insurance for nothing!
gorbec watches qtv, he is out.
Since all we have are rumors, I heard
GMCI is selling volcano insurance to people visiting Niagra Falls. So far they have one policy, a tourist from New Orleans who is taking NO CHANCES!
Totally broke, he had floated out of Louisianna, on a suitcase, and wants to retire wealthy in the event he is burned alive in Buffalo! Unfortunately, his suitcase was made of alligator foreskin and has since shrunk to the size of a wallet. GMCI accepted it as collateral for his new policy and they were told to avoid rubbing it. Our new CEO did not heed the advice and was found crushed to death in a phone booth outside a local strip joint. A passerby reported hearing a loud scream just before the glass shattered. A police dog at the scene reportedly crawled into the oversized suitcase which eventually shut tight. The wallet, now shaped like a dog, was found by the original owner and turned in for a cash reward.
This is just a rumor until confirmed by the company.
ballyhoo, why did you mention a (VOIP) would be merged into GMCI? The company told you that?
I'm hearing it's JEFF, the same MM caught NSS CMKX in court.
Which MM was on the ask at .0001 between 1:30 and 2:00 when all the volume hit?
gorbec, I don't see a connection between SPSI and PRRM, read from the SB-2:
ABOUT OUR COMPANY
We were incorporated under the laws of the State of Delaware on November 15, 2004. James Tubbs is our sole officer and director, as well as our controlling stockholder. We currently have no other employees, although we utilize a consultant on a part-time basis.
Sports Source Inc. intends to offer a full suite of interactive online sports content with a primary emphasis on the fantasy sports market. Sports Source will have two stages of development. In Stage 1, the website will serve as a news and informational website catering to the serious fantasy sports player. As the site grows its member base and reputation within the industry, the company will launch its second stage of operations whereby it will operate and maintain its own fantasy sports games. These games will be subscription-based and are expected to be one of the primary revenue streams for the company in the future.
Look at GZFX move with ~925M O/S !
If they can move from .002 to .01 on ~400M volume, GMCI can move with ~1200M O/S.
It took about ~450M volume for GMCI to move from .0001 to .0007 a month or so ago. That took out the old bagholders. We will pop over .0007 with little resistance and then between .001 and .002 with demand once news sparks interest, providing no RS.
Now Bingaman is a director and we have a new CEO. These guys are already connected from previous businesses. After the BOD is assembled they will probably issue convertible preferred shares to themselves, reverse split, then dilute into news/mergers etc... Hopefully they create a flurry of investment before the PR's hit.
The following is from the 8K dated 9-30-05:
"On September 29, 2005, Mr. Steven W. Bingaman resigned from his positions as Chief Executive Officer, Chief Financial Officer, and President, but remains as a director.
On September 29, 2005, Mr. Shmuel Shneibalg was appointed to serve as director, Chief Executive Officer, Chief Financial Officer, and President of the Registrant.
Mr. Shneibalg has been Vice-President and a Director of Knowledge Transfer Systems, Inc., a publicly traded company, since November 10, 2004.
From May 2001 until April 2005, Mr. Shneibalg served as Chairman, Chief Executive Officer, Secretary and Director of Safetek International, Inc., a publicly traded company, and as the Vice President of Home Solutions Health, Inc., a public consumer product company."
Bally, it also comes down to whether or not the company creates convertibles to dump into the split. There are not any outstanding at the time of the sale. The common shareholders will basically hold, if the company doesn't dump, and we get news out on the wire, we will rise with demand. Keep in mind that after a 1:1000 we will have a tiny O/S of 1.2M, that would attract investors if the pps is stable. GLTY
In Dec 2004, IVHN (new symbol) had a 1:1000 split at .0003, look at the chart since that date (.30 would be break even)...
http://www.pinksheets.com/quote/chart.jsp?symbol=IVHN&duration=2-6-8-0-0-59
That stock rose with no news! Recently there are 2 8K's about directors and a chapter7 concerning their subsidiary and an $11M debt reduction which may have cleaned the shell. I don't know what is next for them but they have had many RS in the past. The float must be small, check latest 10K for O/S.
On August 11, 2005, Steven W. Bingaman was appointed as a Director and as Chief Executive Officer, Chief Financial Officer, and President. Mr. Bingaman is Managing Member of Appleby Partners & Company LLC, a private investment firm. Mr. Bingaman has been Vice-President and a Director of Knowledge Transfer Systems, Inc. since November 10, 2004, and is also President and Director of Home Solutions Health, Inc., a public consumer product company.
Does it look like a "Mr. Appleyby" is available for updating a shareholder? I don't think so! Appleby is an investment firm which Bingaman is a managing member, currently operating GMCI. Why would an investment firm comment on an RS concerning GMCI?
The RB poster is full of it and should be reported to the SEC.
BALLYHOO, that sec filing is outdated. It states "our board of directors" as having the right to RS. That BOD has resigned. The recent 8K from July and August does not include a provision to RS, although in Nevada you can change anything at anytime.
At this time, Bingaman is the sole director, CEO and president. He has yet to name a BOD and when he does he will issue preferred shares to them for voting rights to protect the company from a takeover. They can also be issued convertibles but it must be stated as so.
The poster on RB named "Mr. Appleby" as his contact. We know from the 8K that Bingaman runs the show. That poster probably did so in order to grab shares at a lower pps. Does "Mr. Appleby" even exist?
I am still hoping someone on the inside bought up alot of the float the week of 8-22-05, that was alot of volume. Small buys are causing the ask to bump up now, that is a good sign for future gains on big volume.
ballyhoo, what made you buy at .0001 on the friday (19th) before the move up on monday (22nd)? The 8K had been out since the 15th explaining the sale. Just curious since volume alerts were not out till the 22nd as well. You are in contact with Bingaman?
Form 3 was filed last night confirming Bingamans ownership of preferred A, C shares.
As far as an RS is concerned, the A/S was increased to 10B as of late, that tells me we are not at risk since the O/S is around 1B. Originally GMCI had a pending 1:1000 because we had topped out the A/S, I'm guessing that went away with the transfer of the shell.
At least this is a clean shell, he paid top dollar for it, the tradersnation website explains how to purchase one and the general cost for each grade.
I would love to know why the volume exploded the other day. It could have been a test, or shares may have been scooped up by insiders to shrink the float available to new investors.
The websites that email and PR with volume alerts etc... could be the culprit. I think they have gangs of investors with deep pockets who pick stocks with reasonably low floats and hit them hard on the ask. Then they publish the alerts to get outside investors buying while selling into the peak.
In any event, a new business will be dumped into the shell. Anything could happen. If Bingaman distributes dividends of GMCI to shareholders of another stock and transfers it's business to GMCI, we could get diluted with restricted shares. If it is a new entity as 'ballyhoo' suggests, it could get exciting. We could even get a forward split (dividend) to attract investors. He can use so many different schemes to get this moving.
At least we don't have any convertibles to dilute us like PRRM. That was a guessing game as to how much would be dumped. It seems to be done with 71B O/S. I don't know how Burgess will pull that one off without an RS.
A conversion of common shares owned by insiders is another way to shrink the O/S. It will be interesting to see how Bingaman works this stock, kind of a template to follow for future stock picks concerning newly aquired clean shells with the A/S 10X the O/S. Who would have known to buy this at .0001 with a 1:1000 pending. I bought at .0004 and may add at .0002 if possible. Good luck everyone.
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