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Yup - green on my ticker = buy. Another 25k just went through. Dinking and dunking. I think they are going to drive the price down a little lower and do the conversion around .0023. If it gets that low I may upgrade from a speed boat to a yacht.
???? Someone just bought 50k with no problems. The ask never moved.
Sure is setting up that way. Hopefully the last one! Every time we see the big conversions, the MMs drive the price down hard first.
Bring on the teens and twenties. I can afford to lose a little more. Looks like it may be a good day to add.
Not sure what types of rules still apply to them and what kinds of SEC violations that could cause in pinky land. It would still be illegal if the merge took place and they began buying all the stock before the info became public, right?
'Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include "tipping" such information, securities trading by the person "tipped," and securities trading by those who misappropriate such information.'
I agree
With a little volume it would be like Stephon Curry in the NCAA tournament.
Tiniest of gaps between bid and pps - makes me feel pretty good about today.
I had a good friend who worked promotions with red bull about 8-9 years ago in the Detroit area. The amount of product that was given away was absolutely mind blowing. He went through nearly an entire storage unit of product every weekend. Every minor event that took place in Detroit he had to set a tent up for (or at least make sure a tent had to be set up). Many weekends I would help him and he would tip me a case or two. A lot of people have posted that they were concerned about the amount of product being given away. Don't be, its how it works. The free red bull promotions went on well into the time that RB was popular and available everywhere. I really hope that there is a lot more of this happening with HF than what is reported. They need to be hosting college parties, tailgating, etc.
Well - its not much, but its all I got to add. GL
Just curious, what did you request from them?
That is a sure fire sign. Good work Sherlock!
There isn't much else to talk about, I thought I would make a joke - hence the part of post that said "LOL it was a joke"
LOL it was a joke, but the number is in the info above if you want it. I say we just call every day and when they stop saying 'Good morning, Monarch Staffing' we will know the merger is complete.
I forget who it was, but they ended up calling California at around 630am local time. Oops. haha. We were all over on the East coast thinking about what was gonna be for lunch.
I forget, whose turn is it to call Erinn today?
I am going to try this again. Yesterday we saw a purchase go through for 4.3M shares below the bid. I still think that this can be the merger company getting paid off. 4.3M is almost exactly 9% of the estimated outstanding shares (47M) as outlined in the company's contract. As William posted before:
On May 11, 2007, the Company entered into a Placement Agency and Advisory Services Agreement with MBA (a NASD member firm). Under the agreement, MBA will act as the Company’s placement agent on an exclusive basis with respect to private placements of the Company’s capital stock and as the Company’s exclusive advisor with respect to acquisitions, mergers, joint ventures and similar transactions. As a retainer for the services provided by MBA under the Placement Agency and Advisory Services Agreement, the Company issued to MBA 5,000 shares of its Series A Preferred Stock. In addition, MBA will receive fees equal to
(a) 9% of the gross proceed raised by the Company in any private placement (plus warrants to purchase 9% of the number of shares of common stock issued or issuable by the Company in connection with the private placement) and
(b) 3% of the total consideration paid or received by the Company or stockholders in an acquisition, merger, joint venture or similar transaction. The initial term of the Placement Agency and Advisory Services Agreement expires May 11, 2008.
Yes. I keep updating the SEC filing page.
What do you guys think about this theory. 9% of the O/S is approximately 4.2/4.3M. From Bill's post:
On May 11, 2007, the Company entered into a Placement Agency and Advisory Services Agreement with MBA (a NASD member firm). Under the agreement, MBA will act as the Company’s placement agent on an exclusive basis with respect to private placements of the Company’s capital stock and as the Company’s exclusive advisor with respect to acquisitions, mergers, joint ventures and similar transactions. As a retainer for the services provided by MBA under the Placement Agency and Advisory Services Agreement, the Company issued to MBA 5,000 shares of its Series A Preferred Stock. In addition, MBA will receive fees equal to (a) 9% of the gross proceed raised by the Company in any private placement (plus warrants to purchase 9% of the number of shares of common stock issued or issuable by the Company in connection with the private placement) and (b) 3% of the total consideration paid or received by the Company or stockholders in an acquisition, merger, joint venture or similar transaction. The initial term of the Placement Agency and Advisory Services Agreement expires May 11, 2008.
You guys are ticking me off. I accidently doubled my position at .0034. good luck
What would they generally look like - 1:10, 1:4, 1:2?
Whats the chances we will see an RS?
Conversions? Didnt have my tracker on for hfbv, but thats what they looked like when they came across the screen. Anyone catch those?
I thought everyone held their cool pretty well after Shane started chirping. In fact, even if they didnt it gives someone like me who isnt oversaturated with shares an oppurtunity to pick up some more at a cheaper price.
Can we get some price/ask/bid details? Those of us with Scottrade got nothing.
Z - you are not going to hurt my feelings by saying you believe it is a 90% chance. I have never witnessed a merger go through, so I do not know what to expect or what the steps are. So I am trying to keep myself grounded. Good morning and good luck!
No we dont know what we are invested in, but I am still extremely impressed with the amount of infomation that has been revealed. So what, there's only a 10% chance that a merger actually happens. I am willing to take a chance with my money with the info gathered that great positive things are going to come from this. That's stocks.
Even more of a reason to be ticked off to have to pick up a phone and talk to one of us.
I agree. I wouldnt talk to me either.
Just curious why you say that. the 10k was not good. The info was released two weeks ago in the 8k so the market already adjusted for it. You dont think the public will react again to the 10k?
I dont think the 28 investors has anything to do with thick plot other than the fact that by reporting that they fall under the SEC nitch that they don't have to report anything public anymore.
So the 15-12g says that MSTF will no longer make public filings for us to see because there are less than 300 shareholders.
How does that get people excited? They found a loophole to do less work.
Good stuff, thanks for the reply. There were obviously a few other people who liked the news in the past 5 minutes.
Why do you consider this great news? If they were to be reporting under COKE on Monday, that would be great news....
Just curious.
If this thing holds on till niext week they aren't going to be able to keep this under .007 cause I am bringing my billfold.
Just to explain a little more about the state contracting: when a state has financial trouble, which I believe California qualifies, they usually do not allow new contracts. Since MSTF provides a mandated service, the state must continue providing it or lose millions of federal dollars. If no new contracts are allowed, the easiest fix is an amendment for another (or multiple) years added on. All this information is based on how I understand Michigan's workings.
Very accurate umslic. Michigan cannot find enough nurses, pharmacists, docs, etc to staff their facilities at competitive rates either. They have turned to similar staffing methods. Nurses will work 2 days at one facility and then 2 at another and then 2 at another making premium wages. Then they have on call services - saves the states lots of dough.
Another tidbit about state contracting - they are more likely to renew a contract than to go out and rebid it. The reason being, the numbers from the old contract have already been approved by the legislators so it is easier to push those same numbers through again. While the contract expiring is something to be worried about, it isnt an eminent end to their work.
Just saying:
Mr. Friedberg also served as Director of Investor Relations and Strategic Financial Analysis at US WEST’s new Vector Group, US WEST’s former publicly traded cellular and paging subsidiary where he directed the financial aspects and analysis of all merger and acquisitions undertaken by the Company.