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You probably shouldn't. I'm just messin' with ya with my "responce". Rodeo clowns are funny.
When AERN breaks over .022 more will jump in
Yes but it's pretty low volume today on a higher low. I'll be watching for when it breaks out of the range set today.
Thanks I've been watching AERN L2 off and on all day and haven't seen ARCA at all. I noticed them there on Friday morning when I bought some at .018...then I bought some more at .0161 and after that ARCA disappeared so I believe you are right. I bought based on the price level and *hoped* the seller was done. Looking for a bounce now.
Hmmm...this POS is starting to smell like tasty hot fudge brownies. What MM were they selling through last week?
...and 0 volume? Why no volume?
Ok that part impresses me. Didn't know that.
I looked at BLHI and Blue Holdings looks ummm...not good to me. How is this a good thing? Why is OMVE just sitting here doing nothing with so little volume every day even when they release news? I've sunk $3k into this so far.
I followed the first link that he posted and found the table he's talking about on page 36. How can you outright dismiss that info? It clearly shows how they are planning to distribute the $1.375 billion and it doesn't show any leftovers for us. Are you saying that this document is wrong or it won't play out the way it's written somehow?
Are you sure you are looking at the balance sheet that pwrballl posted? I don't see the words "Long Term Debt" on there anywhere. I also don't see the $857 million in notes on that balance sheet. What puzzles me is how could the total liabilities on the 3/31/10 10Q shrink from $1,642,947,000 to $506,330,499?
I compared them side by side (the 10Q and balance sheet posted by pwrballl) and I do see that on the 10Q after the current liabilities are totaled at $604 million there's a whole section of liabilities (including the $857 million Notes) that are not listed on this new balance sheet. That missing section totals $1,038,698. So, where did $1 billion in other liabilities go to? Is it perhaps listed separately on another form for the court? I find it hard to believe that they just suddenly don't owe a billion dollars that they did owe in 2010. What am I missing?
Ok. I think you are right they are of 2 different dates. I pasted this fromt he 3/31/10 10Q and it shows the 2 numbers as of different dates. Not sure this pasted right but it's on page 5 of the 10Q.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7398932
"TerreStar Notes including contingent interest derivative and accrued interest, thereon (net of discount as of June 30, 2010 of $48,294 and as of December 31, 2009 of $48,528)
857,059 791,930"
Ok, when I first saw this I thought "Hey, cool I'll buy this for 5 cents tomorrow and make a killing". Then I looked a little closer. Where are the bonds on this statement that you posted for the court? According to the 10Q for period ending 3/31/2010 there's 1.649 billion in bonds (if I read it correctly...pasted below). I don't think this balance sheet you posted shows the bonds which total $1.649 billion. So, $1.649 bonds - $.246 Stockholder's Equity = $1.403 billion deficit. Buyout is less at $1.375 billion..so nothing is left over for commons. I really want this too good to be true deal to be true....please show me what I'm missing or if I've made a mistake!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7398932
Note 9. Long-Term Debt
TerreStar Notes
.......
Until and including February 15, 2011, interest on the TerreStar Notes is payable in additional TerreStar Notes on each February 15 and August 15, starting August 15, 2007. Thereafter, interest on the TerreStar Notes will be payable in cash on February 15 and August 15, starting August 15, 2011. During the six months ended June 30, 2010, $63.3 million of interest was converted into additional TerreStar Notes in accordance with the indenture. As of June 30, 2010 and December 31, 2009, the carrying value of the TerreStar Notes, net of discount including the contingent interest derivative and accrued interest, was $857.1 million and $791.9 million, respectively.
I tried searching for "The A 10 group" on facebook but I'm not sure I found the right one. Is there a way you could post a link or send an invite?
Thx
I was at the pharmacy yesterday and the pharmacist used some sort of app on the computer to send a message to my doctor about revising my prescription. I don't know exactly what kind of app it was but he said the doctor's office would get a text message telling them what needed to be done. My point is, I didn't realize that they didn't have to make phone calls anymore. They just use computers and phone apps now to conduct their everyday business.
That $50,000 bid is what kept me in ADHC this morning. When I saw the news this morning I thought I should sell b/c I figured it might just be another pump and dump. But when I saw that big bid and the price didn't go much under .005 it gave me confidence in the stock.
Did you not see the 10,000,000 share bid at 0.005X this morning? That was $50,000 worth.
May ask what is your opinion on SSOL? I ask because I noticed you are on the "Fraud Research Team" board and I've seen your DD on other stocks before that turned out to be enlightening. TIA
Whatever price VCTY paid for ASCC it sounds like they turned around and sold it to EVDR for a nice profit. Gosh, I wonder if this could have anything to do with the market crash and subsequent recovery. I know my company stock in my 401k is trading a heck of a lot higher now than it was in 2010. As long as EVDR latest financials come out good then I don't see a problem. Any ideas when we will see them?
http://finance.yahoo.com/news/Videolocity-VCTY-Identifies-iw-2161275436.html?x=0&.v=1
Excerpt: "VCTY management acquired ASCC in October 2010 for a fraction of the sale price. ASCC was always a short hold for VCTY as it never fit the VCTY's vision or profile."
As far as the 800 million shares from EVDR, the PR says that they are in escrow to allow EVDR to securitize financing and debt. To me this doesn't sound like VCTY can sell those shares...not yet anyway. These details should be in the coming financials too, right?
Excerpt: "The buyer Evader, Inc. (EVDR) will pledge about 800 million shares as security in escrow in a complex transaction that will allow EVDR to securitize certain financing and debt to secure control of VCTY's subsidiary ASCC."
Thank you for the info. Like I said I'm reading through what is available. I'm trying to uncover facts to help me make an informed decision with my money. I think I follow your logic but I want to confirm facts. You seem very skeptical and that's healthy in my opinion.
From the links I quoted below two things seem clear to me:
1)VCTY bought the largest of three sister companies. http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37529
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37262
I'd like to see the 2010-2011 financials though.
2)It seems riduculus to me that VCTY could have paid only $16,000 for ASCC. This is the piece of the puzzle that doesn't fit for me. I cannot find an SEC filing or PR that states what VCTY paid for ASCC (I searched otcmarkets.com and the Yahoo Finance board). Could you please provide a link showing that info?
As far as what VCTY bought I did find this: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37529
Here's the part I though was interesting:
"With ASCC merging into VCTY, The VCTY management sees a great potential in the size and
revenues that the company subsidiaries offer to VCTY and the shareholders. The total
revenues of Tactician University in 2009 reached $6,2 million USD, with profit of $2.4
million USD. Avtar Singh Construction, the largest segment of three sister companies
(involved in Road & Highway, Real Estate, Leasing/Financing) reached annual turnover of
$3.49 Million USD (The annual turnovers of the 2 sister companies not merged into VCTY
reached 2.61 Million and 0.87 Million respectively)."
I also found this document showing some financials on ASCC from 2008 & 2009. http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37262
Exerpt "The client has sent documents for one of their company namely “Avtar Singh Construction Company Private Ltd”
namely ASCC. The turnover of ASCC for 2009 was USD 3.49 Million and for 2010 is USD 2.62 Million.
Please note for calculation purposes 1 USD = 45.83 INR"
Thanks for your help!
EDIT:
I think I found what you are talking about here: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=41133
Page 8 "On October 7, 2010, the Company acquired Avtar Singh Construction Co. pursuant to a Share
Exchange Agreement that resulted in the Company issuing an aggregate of 8,000,000 shares of the
Company’s Common Stock being issued in exchange for 100% of the stock of Avtar Singh Construction Co.
These 8 million shares were issued from the share certificate previously issued to Minaco Tradex. "
Could they have also given cash in addition to the 8 million shares?
I'm not right about anything I'm just reading through what is available. I'm new to this stock so I'm just trying to do the DD. Show you the financials? How can I show you something that is not available? Obviously, I'd like to see the financials myself. Where did you come up with the 1/3 ownership? You stated it as if it was a fact. Are you now saying that you made a mistake?
Thanks
btw I'm not trying to call you out or anything...I would have sent a PM but I don't have a premium account. I'm just trying to get all the facts straight.
Where does it say that they only bought 1/3 of the company? I've searched but I can't find anything that says that. Can you provide a link? According to the press release on 4/6/2011 the merger and acquisition encompasses 100% of ASCC. Here's an excerpt "CHANDIGARH, INDIA–(Marketwire – April 6, 2011) - Evader, Inc. (EVDR) (PINK SHEETS:EVDR) (http://www.evadercorp.com) Further to the company news of Tuesday February 22, 2011 where amongst other things Evader, Inc. management announced the new subsidiary ASCC. The merger and acquisition is now fully completed and encompasses 100% of ASCC. EVDR management is of the opinion that ASCC is a perfect fit within their growing company."
TIA
I wonder how many people on this board actually called in and listened to the CC? I did. Listening to Sykes questions and Scott's answers were very enlightening for me.
Remember don't text and drive over the holiday weekend. Anyone buy OPMG below .03 today?
Nice...I hadn't seen this. I'm still holding from .037ish. I can't see how it could be over after just a couple days. I think the boogieman shorts will be the ones that chase this higher ironically.
I agree with that and the down days are such low volume they just look like rest stops on the highway to dollar land. I think a break of .35 could send VRNI to .70 easy next based on the low float action I've seen so far. I've seen some random posters call pump and dump but I haven't seen evidence of any substantial pumping yet and the down days are too low volume to be dumping. I'll believe the pump and dump criers when one day it's suddenly at $3.50 and there's a million message board posters, newsletters, mailers, and "research reports" out there. That's when you have to worry about a dump.
It's trading like a low floater. That's obvious for anyone to see.
Can't wait for VRNI to get stuck at $.40 then stuck at $.80 then stuck at $1.60...
Wow you've been in it for 2 years? The only thing I've ever been in for 2 years is my 401k at work. You're a real investor then. How many shares do you have and at what average price? (if you don't mind me asking). Thx
Ok that's just funny. VRNI breaking 12 cents and holding the 27% gain today gave me confidence going into the weekend. Now I can't wait for next week. I'm just wondering if it's going to be a steady 25% climb every day or a parabolic run. I think a parabolic run is likely if they promote it heavily but I'll take it either way.
I think when the daily pattern on VRNI shows up on trader's chart scans this weekend it will be on a lot more watch lists. The chart looks like it could go parabolic to me. I wonder if they are going to change the name and symbol to match the new business?
If you assume the $.0014 valuation was fair on VRNI before the R/S then it stands to reason that at least $1.40 is fair after the R/S. If they've improved the business model and increased the probability for revenues then $1.40 is too low in my opinion. That would be why I set my sell order at $2.20. I think someone else on here is shooting for $2.50.
I thought I saw a post from you earlier that you were stuck before the R/S and it had to go to $1 before you would break even. Was that you? I'm curious how many shares you have and at what price.
My GTC sell order for $2.20 still stands for my VRNI shares.
Would really like to see VRNI break 12 cents
Today's candlestick on VRNI looks like a reversal to me. Any thoughts?
Where? Do you have a link for a new VRNI promo?
Well I think it goes up which is why I bought it. If it breaks above 12 then I think it might go parabolic. Tomorrow will be telling.
http://newsletter.hotstocked.com/stocks/view/VRNI-VIROGEN-INC
Looks like just small promotions so far. I'd like to see like a $1 million promo start on it.
I see promoted stocks go to $2-$3 all the time. I bought VRNI b/c I liked the clear sky breakout that has happened the past few days. If it gets promoted right then who knows how high it will go. The pullback today was not fun but let's see what happens tomorrow. I would like to see it turn green tomorrow.
I put in my GTC sell order for $2.20 LOL