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You got that right. Not enough interest yet.
IMHO, there may have been a leak about min-mar (WHO KNOWS?) One scenerio MAY BE Couv entered a short term regotiation with min to avoid any legal actions by someone within. (Who Knows?)
I usually never play pinks but always have a hand in one of them.
As a positive statement with my background in Financial Planning & Analysis (and this being a pinky): Very much has been accomplished in a very short period of time. I do know the paperwork that is involved.
Did not like some of the board posting inaccuracies but always remember do not believe anything you hear; do your DD!
I guess we will all find out.
The only thing I can think of is Scottstrade has not physically received the shares. One can trade thru Ameritrade.
With Ameritrade one could see all shares at account/gains-losses icons. Ameritrade would not roll the split shares into your account until the split shares were receive.
I think the problem with Scottstrade is that they put your split shares early. Ameritrade did not and you could sell your original shares.
Because the split shares were not delivered to Ameritrade until yesterday, one could only sell their original purchased shares. These brokerages do not allow trading on pinky's until they receive the shares per Ameritrade Corporate Actions Department.
Yesterday's 40,000 share activity was the result of someone selling their original purchased shares. $.043 was the equivalent of a pps of .43 pre-split.
Hehehe....Maybe they think you are the plan.
Foward stock splits are meant to lower the stock price so there are more participants and because the business is going well.
Here noone knows the the business because of faulty management. Management thinks that a 10 for 1 FS will get this PINKY going. They put out a PR to explain the terms of the FS. OH, they forget the EX_Date; oops no explanation. No info about the transfer agency except they have a web site(who doesn't)
These plays are long shots but one can still make a few coins.
GLTA
Tell me?How do you get this insider info? Do you use first names (John etc)to get excitement?
"JOHN" has not revealed any information. Yes there is a 10 for 1 FS but that itself that is meaningless.
They acquired a transfer company but the only info is to read there website.
What were the term the acquisition? What is the company about? What is the "KNOWN SHARE SRRUCTURE? Have you called the transfer agent? What does a 2 year old shell look like now?..........
PUMP AWAY
EXACTLY.....
Hey pumperboy/girl....give us the the news that only you can deliver.
I am sure that management will give "YOU" inside info....HUH
Yes, I do not see how management can exucute a share buyback when they are selling shares to pay administrative expenses.
I'm sure things are better for DM since he has trashed this stock.
You are exactly correct. The 12M profit is purely due to the reduction of debt, (Paper Profit) If they had any money the bozo running this thing would not be diluting the crap out of it.
All this buyback talk is a bunch of huey.
OFF TOPIC.....Hey campe, did you ever track down DH. I still your message from 2005
This service was pumped by management two times; once to wholesale and then to retail. Many pr's were put out but when the time came for startup the pr's stopped. Just tells me that they were selling more shares. They must have needed money to support that mickey mouse travel agency that they have. If you look at the P&L awhile back they had over $1M in G&A expenses and very little revenue.
Look, I made money on this oinker but I hate it when these self-proclaimed ceo's start pumping their pipe dream without a clue. Arne never had a dime and mislead so many traders. I sold because he never addressed the financing. Then he hired a pumper to come on the board. This is low life stuff and Arne is not to be trusted. Does this explain it for you?
no problem....wish you well
Not laughing hun.....I made my bucks here when it was really being pumped by Arne and a group on this board. Just does not sound like you have done much dd. Sounds like pumper stuff.
Does not appear you have done much DD on this at all.
I sincerely wish all traders/investors well. Good luck and take care.
$1,000,000 of shares are being sold. Assuming .0004 pps 2.5 Billion shares are needed! That's how I get there. The AS is already 2.5Billion shares. Consequently the AS will need to be increased or a RS. Do you understand now?
They will sell the shares @ .0004 as long as there are buyers. I don't give a rats azz about the real $ traded. Eventually buyers will go away. The dilution will kill this oinker since they have no known revenue. The AS will be increased or there will be a RS. WAKE UP!
I explained about the 1.5, which may be high. It comes from the printing press. Ebof must allow the sale of $1M. Ebof must either increase the AS or do a RS. The dilution makes EBOF worthless. Just stating the facts.
I think you are missing the point. The 1.5 B comes from the printing press. These guys do not have the authorized shares to cover; there must be a RS or increase in Authorized.
Really, I wish you luck but this dilution coupled with the fact they have nothing going leaves only a prayer. As you know prayers do not work trading stocks.
Geeze it looks like all retail sales. You can buy 1,000,000 for $300. Look at the history of McLaughlin. He brought down AOOR and APDR in the same way. The shares being sold are not even registered as they will exceed the Authorized. this will soon be at .0001x.0002.
These guys have nothing going that I can see. The last filing in Sep 08 they had no revenue and no cash. Since then Mclaughlin has increased the AS from 400M shares to 2.5B. If a RM was going on why would he be diluting the crap out of this. He will have to RS or increase the AS another 2.5B shares. This thing is done.
You know the selling cannot be over. You know at least 2.4 Billion shares are for sale. Someone said the AS is 2.5 Billion so you know the AS will have to be increased or a RS.
The remaining $945,000 of securities being offered equates to 2.4 Billion shares @ .0004. McLaughlin ran ADPR into the ground in the same way. The RS which was "suspended at this time" in March will soon be back.
Same dumb-azz CEO who is diluting the crap out of EBOF; Dennis G. McLaughlin
Looks to me that they were diluting the crap out of this thing. Nothing but distribution although acumulation turned up today. No transparency anywhere. A real lotto play.
I tried to explain this to you guys long ago. If there was serious financing an audit would have been required long ago. There was never any financing. Arne said he would do an audit in the beginning but of course this was just a part of his pipe dream.
One cannot rely on any of these self proclaimed sub-penny ceo's as they will tell you anything. A REAL CEO would never lay out the PLAN as your leader did without financing.
Then he sends this Indy guy over to BS you; what a sham.
Always take your profit with these low-life companies.
You are correct. The only benefit for Arne going pink is that he does not have to tell shareholders what the OS is; how much dilution is occuring. Actually he does not have to tell shareholders anything. In addition, he does not have to pay the SEC filing fees.
No producing wells here, sorry.
Wish management would start targeting timeshare owners with some form of advertising.
The problem is that this "unique product" is NOT selling like crazy. Also beware of the debentures convertible @ 55% of the pps for the 3 lowest trading days for 20 days prior to conversion. $2.575M of the debentures are due in 2009.
Your odds are better hearing about the bookeepers business than Noble County. I wonder if that 25K loan was to fund his business?
I have learned from talking to these self-proclaimed ceo's that they will never inform the masses as to realty. Many have gotten mad at me because I want answers to questions that they do not want to talk about. Arne never wanted to talk about financing.
I am not pointing a finger at you Lil as you always seemed knowledgable about the business. Noone can start a business with no money IMO. Awyi never had enough assets to get conventional financing IMO.
I always tried to bring up the financing issue (post 8481 etc} but noone wanted to hear it; the momo was on. There was so much false DD being submitted at the time and of course I was a basher.
Red flags were everywhere. Arne had no money; Cornell was the financier; "Step 1" was the only thing discussed by Arne; no audit of Syrei; then the default by Arne on Cornell contract leading to the 25% discount on preferreds and a 500M share warrant.
Whenever I hear good news about these lowlife stocks I go to the Balance Sheet and ask myself how will it be paid for. Most pennys put out news so they can sell stock. Therefore, play the momo and get out with a profit. One will be correct over 99% of the time.
On April 21, 2008, the Company executed a Forbearance Agreement (the “Agreement”) by and between Ariel Way, Inc. (the “Company”) and YA Global Investments, L.P. (formerly Cornell Capital Partners, LP, a Delaware limited partnership (“YA Global”) or Yorkville Advisors and Montgomery Equity Partners, Ltd., a Cayman Islands exempted Company and wholly owned subsidiary of YA Global (“Montgomery” and together with YA Global, the “Investor”). Pursuant to the terms and conditions of this Agreement, the Company is among others, obligated to amend (the “Amendment”) the Company’s Articles of Incorporation related to its Series A Convertible Preferred Shares (“Preferred Stock”) as follows:
a.
Holders of Preferred Stock will be entitled to receive dividends or distributions on a pro rata basis according to their holdings of shares of Preferred Stock when and if declared by the Company’s Board of Directors at an annual rate of eighteen percent (18%) effective as of the date hereof; and
b.
the Conversion Price as set forth in the Preferred Stock shall be equal to the lesser of (a)Ten Cents ($0.10), or (b) seventy-five percent (75%) of the lowest volume weighted average price of the Common Stock as quoted by Bloomberg, LP during the twenty (20) trading days immediately preceding the date of conversion.
Arne led people on by talking about AWYI record revenues and consolidating financials in his SEC reporting.
Ol Arne never did have any money........only a paper plan.
Another consideration is that there were 125.75 preferreds as of Jun 08. Now 5 1/2 months later how many have been converted and what is the OS. Might check with TA to see if it is not gagged by Arne.