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I think I am reading this right, It looks like there is a short position on MFLI of in excess of 1.7 million shares placed yesterday.
20100224|MFLI|1716380|3398500|O
http://regsho.finra.org/FORFshvol20100224.txt
Wayne, you seem to be familiar with this situation, does it happen often? If it's true that people were selling their pre split shares unwittingly then you and anyone else who bought today just made a handsome profit. Apparently you watch for this. I'm amazed that a CEO could let this happen.
Either someone is selling expensive shares really cheap or cheap shares for a very good profit. Either way there are going to be a few PO'd traders when the confusion settles.
Hopefully this is just part of the process of the SP adjsuting to the post spit price. Seems like a lucky few are selling their split shares to people that have their bid in on old pre split shares for a huge profit.
MDXX now down 50%! Pretty lively for a stock that is supposedly tied up until the new post split shares are issued!
That is quite often the way it is on stock splits. It could take up to a week sometimes to show up in your account. I'm guessing that the push will begin next monday because of this.
I like how they put their news releases out at 5:00 AM. It gives the impression of a hard working CEO who is out to win! Just one more ingredient that gives this company an air of efficiency, innovation and excitement!
With so many people knowing about the forward split coming "any day, any minute now", I'm surprisd to see the bid at only .85 and next to no volume. Just another flock of sheep being led to the slaughter?
November 6, 2009
Founders Message #8
To All the Friends and Shareholders of Laser Energetics:
The Team at Laser Energetics is working relentlessly in pursuit of our goals. We are now successfully launching the Dazer Laser™ Light Fighting Technology product line. I can solidly say great sales order success is close at hand before the end of 2009, which will ultimately translate into great profitability in 2010. For the first time in our history we will be able to bring a product to market which will have world wide appeal with several billion dollars in market potential. The Dazer Laser™ GUARDIAN and DEFENDER are on the launch pad ready for take off.
Where are we in the process? Considering that we officially launched the product on Memorial Day (May 25th 2009), we have achieved product validation and branding recognition by some very significant companies and institutions. We are responding to calls from all over the world with great interest and demand for the product.
We now have many Manufacturers Representative Groups that are making big in-roads
in the USA, Canada, Brazil, Turkey, Panama, Latin America, the Caribbean, England, India, South Korea, Australia, Philippines, UAE and several other countries in Europe.
The Sales pipe line is filling up rapidly for the Dazer Laser™ because the first level sales teams infrastructure is in place. With our Director of Sales, Market and Business Development Manager, Inside Sales Supervisor, Military & Law Enforcement “Outside Sales Team Members / Consultants”, and many Manufacturers Representatives in place, the sales prospect pipeline is filling up rapidly and aggressively. Our Manufacturers Representatives have been trained and are aggressively filling the sales pipeline.
It is important to note that the process for these type of sales are not like that of retail, consumer, or even capital equipment sales. We are selling non- lethal weapons and are dealing with government law enforcement agencies, militaries, and private bonded security agencies hired and licensed by governments. These organizations all have budgets. Because we are not currently in these agencies budgets, in order for them to buy these devices they look for discretionary funds. This happened this summer with a very high up government official stating clearly that they would place an order for the Dazer Lasers before the end of August. Unfortunately, he was over-zealous because he wanted the product so much, but he had some hurdles to jump through to get the financing. The good news is the order is pending and the financing is now in place. We now have five (5) medium and large orders pending. I believe we will close the majority of them before year end 2009. I’m positive I will be reporting good news in the near future regarding sales before year end.
Status of Projects:
• Dazer Laser™ - As previously mentioned, we have completed and are now marketing and selling two categories of the Dazer Laser™ product line. With our highly trained sales team, we are now engaged in the promotion, marketing and sales of the products in over 20 countries. We have quoted over $500M in
Dazer Laser products, with many more requests for quotes coming shortly. The pipeline is filling and our hard working team anticipates victory.
We will be attending on November 17-19, 2009 a trade show in Atlantic City, NJ called the New Jersey State League of Municipalities. The Dazer Laser Team will have a 10’ x 10’ booth at the show. This show can be found at: www.njslom.org.
This is the 94th Annual conference. It is attended by all branches of law enforcement in NJ and the people who write the laws for law enforcement. Our attendance is part of our long term strategy to get the Dazer Laser™ - Light Fighting Technologies written into law, first in New Jersey (one of the only states that bans TASER weapons) and then into the rest of the country.
In addition, we have conducted a successful demonstration to one of the largest privately operated prison systems in the US. The demonstration was accompanied by eye examinations of the dazed subjects, with eye tests taken both prior to the Dazing and after the Dazing. We received two thumbs up (way up!) with this test of five of their personnel. The tests proved that our products can truly be operated “eye-safe” at all ranges. More to come on this.
I will say our company worked around the clock to get the full powered version the prison company is looking to purchase ready for the Demo. In fact, I missed game 4 of the World Series (in Philadelphia) because I personally volunteered to be Dazed on Sunday November 1, 2009. The Dazer did its job and I missed the game. It was worth it. Dazer Lasers – KICK ASS, including mine! We will demo the Dazer Laser for Israel this month, some select Caribbean countries, Brazil, Canada, and some groups in the USA.
We will also have a meeting at a Canadian event (www.truepatriotlove.org) which will have the Canadian Minister of Defense, Generals and Wardens of prisons at the event. It has already been arranged for them to be introduced to the Dazer Laser by one of our rep organizations.
Stay tuned for some positive developments on our developments on TRT, Remote Sensing, and Photo Acoustic Imaging (using our BrightStar FLP Alexandrite Laser) in the next Founders Message coming out before Thanksgiving.
The Laser Energetics world class team is working hard to achieve World Class success! Laser Energetics – A place where “Good Guys & Girls Stick Together™ – Win Together” and why “Winners Never Quit and Quitters Never Win™”! Two sayings I live by and the reason why the future is ours. All the Best!
Sincerely,
Robert D. Battis
Founder, President & CEO
Laser Energetics, Inc.
Prove it or shut up.
Yeah, I know you're right VC, I was just dissapointed and venting a little. I'm in for the long haul and impatient for the train to start moving for real. I'm hearing $2 by December and 8-10 by next summer, which would be delightful, but, this is a pink, so my first stop is to see this break to new all time highs which I think we will reach without anything being exagerated or blown out of proportion.
GLTY
Well, so much for the credibility of Mr. Brainard or any of the people acting as PR types for the company. I was strongly assured that there would be a significant NR this week (Wed or Thurs) with NR's to follow weekly thereafter. I'm dissapointed as I was trying to bring credible info to this board.
AceHigh: According to CIBC Investors Edge selling shouldn't be a problem although I haven't tried to place a sell order.
I talked with a company representative who sounded upbeat. When I asked him what was happening I was told that there were 7 NR,s already to go and when I asked him when he said basicaly there would be one a week starting next week. The bad news is that if you are a canadian, you can't buy any shares but you can still sell them if you want to. The BC securities exchange placed a cease trade order on PTOS and several thousand other canadian based companies that trade on the otcbb because these companies do not submit to accounting audits from US accounting firms. Until they comply or move to another exchange they will stay restricted. The only way around that would be to have a US trading account set up.
Nope! My orders are still being rejected. I'm trading in Ontario, anybody have any idea what's going on?
Sorry about that! A 'trading halt' is what I was refering to and what I thought was happening with PTOS. I'm going to try another order and see what happens and see if my broker was just blowing smoke.
I was trying to buy more this morning but My broker informed me that there was a CEASE TRADE ORDER on PTOS. This could be the big NR we're waiting for! I don't know if it is the same thing on the pinks but on other exchanges when there is significant news that will radically change the stock price, there is a temporary cease trade order placed on the stock.
Drillman, if your figures are correct that would leave only 7.8 million shares in the public float and that makes for an an incredibly tight supply of shares once news starts to come out! Thanks for bringing this to our attention! I somehow overlooked how big (or in this case, how very small) the public float was when I was doing my DD on this company and got into it just on what I could find out from talking with Raj and Brainard from the company. This is definately Icing On The Cake!
Just to summarize a few possible NRs, any one of which, in light of the very tight float, will take the SP to new and sustained highs.
Major financing confirmed
Land purchased for the new plant
JV's to build plant
Move to a bigger exchange
This and more is in the works. At .40 cents and with the tight float makes for a rare opportunity to see your money grow by 5 times...10 times...? short term. For an investment of just over 30,000 you can control 1% of the float.
I was told the same thing by two separate, reliable sources. I don't believe they are lying, it's just their timing that is off. I've been continuing to buy as much as possible and from these levels we will see a double just from speculation once word starts to leak out about what they have beem up to. When the offical NR's are released we will easily break out to new highs.
KingThorpe, I'm having trouble figuring out where you're coming from. You refer to all these positive things the company may be involved in completing but the overall tone of your posts are somewhat negative. Are you long or just hoping to knock the SP down a bit to buy in?
yes
The company contact says news Friday, followed by other NR's over the next week or so. Get on board now so you're not chasing it later.
Thanks MegaSkeptic! Your forboding post helped to shake loose a bunch of shares at .38 which I have been scooping up all day long! Good Work!
KingThorpe, thanks for summing up so nicely exactly where this company stands.
Taz, I think you have hit the nail on the head on at least three separate issues in your last post.
Longs, pay attention to how it feels to be buckled in on top of several tons of rocket fuel, just before lift off.
I'm thinking August will be a very good month for longs.
I've been right before on this stock and I'm very sure I'm right with this post. Investors here were told they would be very very happy in July. Well July is almost over and we have seen some panic selling by people who take the lack of news as just another scam attempt. In truth, as so often happens when big events are in the works, there are inevitably delays. Indeed, this has been a very good buying opportunity over the last couple of days and the people that have sold will be just as emotionally motivated to jump back into this stock when they see what has been in the works. Hang tight, buy as much as you can now, the ride will be tremendous and very soon!
It seems someone is trying to build a nice chart here by using small, 100 share paints now and then. The last trade at 6 cents was for 100 shares to touch the 20 day MA or to try to scare out some cheap shares.
Looks like a little bit of paint at the end there but it's exciting nontheless!
Great posts Super! I'm just guessing but, are you a morning person?
If I'm not mistaken, May 20th was when the elections in India were over. An outgoing government is restricted in signing deals for the last 6 weeks they are in power in an effort to curb corruption etc. Now that the new gov't is in power the deal can be finalized. That's why May 20th was important. Hopefully there is a NR sometime soon because this company has a tiger by the tail with these new solar panels they have the rights to. I'm sure the India project will not be the last one they will be involved with.
Sorry VC. I respect my source to much to say anything more than that. Don't worry though, that's the last time I'll be posting anything that remotely sounds like a rumour.
My source has been vry reliable in the past, although his timing is sometimes off a bit. As far as the leqal thing, I can't say more than it was something to do with the inventor of the solar panel PTOS plans to use and his partner. I'm fairly new to this stock, bought at .71 and sold at .63 and am now buying back at .30.
This is one of the quietest boards I've ever encountered! For what it's worth, a little birdie told me that things are going to start heating up this week/ next week. A small legal issue has been cleared up and things are moving ahead again.
Bid wacking. Isn't that selling shares at the bid in an effort to drive the price down? You'd have to have shares to sell to do that
Please excuse my ignorance DRspin, but what is 'ptos'?
Wow! with all the posts removed it seems apparent that some info was prematurely released. Good things to come!
Well that was exciting! Looks like we've returned to our nice, steady climb. At least it was shown how little resistance there is in the 4's and also, just how explosive this stock is.
That's true brs30, the company is not worth less. What we are seeing now is the volitility (anticipation of news) being removed out of the market. The old asying "buy on rumour, sell on news" has been proven over and over again. This is just one more example. I may get back in when this settles down.
After reading the NR I'm thinking that not until the deal is finalized on paper and money trades hands that we will see an increase in the stock price. There have been far too many companies that gain an agreement with a customer only to have it fall apart by the time it comes to signing the final document so I think people are being extra careful until then. We'll probably decline from here for a while.
It looks like their new web site is up. Could be the start of a lot of new things for the company, ie, new ticker, big news, etc