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stop the absurdity. many MANY sub-penny stocks pop with well over a billion shares outstanding. The fact is, this company is fully reporting, recently up-listed to the OTCBB from the pinks, has increasing revenues, and no CD issuances in the past 3 years. They are profitable EBITA wise.
Everyone needs to do their own DD before investing. There are obviously people here bashing this stock for their own purposes. Everything I have stated is FACT not supposition.
Invest *ONLY AFTER* doing your own DD on a stock...never listen to anyone except your own research.
most appeared to be buys @ 2
if this were conversions we wouldn't see them trading at the Ask which is most of whad today's trading has been.
there's no purpose to a r/s at these levels. stop being ridiculous
it would seem they are waiting for something..
investors awaiting end of year numbers and any other announcements they might have?
seems to be slow, small, solid buys at 2
this company has dumped NO SHARES on the market. any and all conversions are from cd's issued more than three years ago. No new cd's have been issued in over 3 years.
GLTA
now there are mirrored trades going on.
and back to 2
the company makes no money off these conversions and they haven't issued a cd in 3 years. all the information you really need is in their financials filed with the SEC.
that being said, they also can't sell security products, make an announcement they have a deal with said company, which would then alert people as to what kind of security measures they are using to protect product. THAT would be beyond stupid.
I've found they are really only secretive in relation to their customers, which is understandable regarding the field they are in. As to the conversions, they will stop when the debt is satisfied, which is visible in their filings (which are always current, at least as long as I have been following the company, which is several years now). Email or call them and they will do their best to answer any questions you might have. Michael Pelligrino is esp. helpful I've found.
I think we would all like to see pennies again. Once the market is assured the conversions have ceased, normal market stability/pressures should get this to rise at least back to a reasonable PPS IMO.
concur...the company is profitable in regards to EBITA. once the conversions stop this will rise, and any great news should send it flying IMO.
everyone is holding and waiting . . . it would appear cd conversions are over for now.
keep in mind the company hasn't issued a CD in over 3 years. once the residuals are paid off, that's it.
mirrored trades, not dumping.
we can all certainly hope so. volume has definitely been abnormal the last few days
they update any changes to the o/s count on their website every month. the link is here:
http://www.ddsi-cpc.com/investor_relations.htm
The meat for this company is in their filings and the revenues/earning they have and continue to grow. They haven't issued a CD in over 3 years...but the way they are being paid off/accounted for is what is dragging down their bottom line.
from M. Pelligrino:
"If you look at the filing you will see that the company has not had to do a CD in over 3 years. Though we lose money on the bottom line mainly due to the CD's and the accounting treatment of them we have had positive cash flow for the past three years and on and EBITA basis we are profitable"
That being said, at these levels, this company is EXTREMELY undervalued IMO.
Shares issued & outstanding - 908,272,666 as of February 13th, 2008
From their website.
what's great about that? I do hope you are being sarcastic...? Ed should have returned and re-issued the billions of shares in his personal account to make production payments if needed. Instead we now face the 2nd r/s of this stock in less than a year. I'm a big supporter of the guitars and Greg personally...but Ed is treating the shareholders badly here. He, at the very LEAST, needs to address the shareholders about what he is doing and why he is doing it.
r/s date is actually taking effect on 2/4 -- Monday apparently. 1 - 1000 r/s and back to the old symbol of GRMU
13:53 2/4/2008 GRUS GREM USA Common Stock GRMU GREM USA New Common Stock 1-1,000 R/S **
somebody's after a ton of shares. notice the 200 share trades. it's only a matter of time before this moves IMO.
JACK_THE_RIPPER has been ignored.
if everyone just adds these bozos to the Ignore list -- this forum would be much better off IMO...If you have questions or concerns about the company, call the company themselves. There are several people there who are all more than happy to answer any questions you have -- or go visit the factory -- lots of things going on there.
GLTA when this starts to move. The majority of the O/S is STILL owned by Ed -- he hasn't sold anything -- otherwise we would see filings.
most of this stock is owned by Ed Miers who runs the company. the public float is still under a billion as far as I know.
lots of volume and a bit of movement today.
I spoke with the company, they are paying rent/utilities etc. for months now with revenue from sales of guitars. a step in the right direction. now if they just get the production ramped up they can really get things going with a distributor.
next news would be in relation to the 10q I guess. should be out mid-Nov. show revenues from sales and whatnot.
MM's are in need of shares. notice the 100 share trade signals
MYSTERYMANNN has been ignored.
so is there a likely scenario as to when the 8k is coming? i.e. a date deadline for when it has to be filed by?
1st trade out of the gate was a cry for shares...not much volume at all yesterday though. buyers lined up @ 4 and the Ask sitting @ 6 all day long pretty much.
should be a 10k mid-November
the BILLIONS spoken of are owned by Ed. the actual float should be in the 4-600mln range IMO.
personally I think it's naked shorted. -------> MM's...the ppl you work for. 'nuff said.
guess I'd be spouting that garbage if I was massively short on this as well.
GLTA when this starts up
you would think so...might not be all about the shorts.