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I did not supply anything, but use it to direct you to the SEC site.
They (SEC) also factor in the market cap that was lost from the suspension. There are many factors that they look at. not just where the stock was at the day of suspension. They even look at the company's operations IMO and inpute a weighted average PPS. And by the way, Do not be surprised if the O/S was reduced by 50% because if the direct and indirect effect of the O/S from the fraudsters. IMO. Since the company was doing fine before all this mess, it could end up better of on the first day of trading. But I think a bunch of guys will be selling just to get out.
Did you read the SEC PDF doc on BCIT before you agreed with him?
Brokers are not allowed to adjust any PPS on suspended stocks without the regulators' involvement, if it were not so, we would be seeing manipulation in the highest order. Did you read the SEC document that was posted a few posts down? Read it.
I think the SEC adjusted the PPS to 0.15, where it was expected to be without the Temp Suspension. IMO, Since the company was at no fault, the only thing the SEC could have done was to adjust the company's PPS internally. The company might have been required to invest the compensation it recieved from the fraudsters into the stock before it started trading. Bottomline, I think the SEC was very much involved in bringing the PPS at 0.15. The next move depends on what you bagholders choose to do when it starts trading.
I believe the 80mil have already been factored into the O/S to bring it to 98mil shares. This 8K was filed on Aug 11 detailing the definitive agreement on the 80mil at .025, but the 10SB was filed a weeks later. The 98 mil O/S is on a dilutive basis as perthe 10SB
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001140361%252D06....
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D06...
Ok. You are right
http://biz.yahoo.com/p/445conameu.html. Still 14x.05 = .70 PPS as we stand. but keep in mind that at pennyland PE ratios do not work as much. Valuation in pinkieland is always incorporated with some hype. But we are under the radar.
what was moving BNEZ?
How much did you pay for your shares before they halted it.
wow wow wow, ain't that a technical short IMO. To me, it seems that you mistakeably bought some of the fraudulant shares at no fault, but technically, A/T is considering them as short positions though you might not be having a margin account. This could be a technical short squeeze IMO. Just like what happened with PIAV when A/T forgot to tag restricted shares and thus ended up being traded in the open market. Does anyone with A/T account show the same thing as shorebyfive? If it is what it seems, I hope you add up before it shoots up so as to enjoy the ride. What A/T might end up doing is liquidate some of your positions so as to cover the short position. However, call them tomorrow to find out why they have them as short position. They might even let you cover those 64k shares before it starts trading (which would be the best thing to do, if they let you).
Wow. nice close. I believe something good is going to happen to our SFNN pretty soon. Nice accumulation at the EOD.
http://www.investorshub.com/boards/read_msg.asp?message_id=14502343
We are moving up steadily. 25% at 0.02 now
We are moving up steadily.
I meant to say "With industry PE of 50, we get 50 x 0.05 = $2.5 per share. With net income of the most recent 6 months
we get 1,977,262/62,012,424= 0.03. With industry PE of 50, we get 50 x 0.03 = 1.50 per share.
Good. We are in good hands. Look at post 100 for my breakdown.
I agree with that. But I also believe this coming Q will be huge one because of these acquisitions and normal operations. Maybe blockbuster earnings record IMO. I can easily see this company being acquired by one of the huge financial institutions like Citi group or Wells fargo if the net worth (assets minus liabilities) is $40mil as per the most revent PR. If we use net worth to compute EPS, rather than net income, then we get 40,000,000/98,000,000 = 0.44. With industry PE of 50, we get PPS of 50 x 0.44 = $22 per share. But with net income of the most recent 3 months. I get 4,694,373/ 97,954,694 = 0.05. With industry PE of 50, we get 50 x 0.05 = $2.5 per share. With net income of the most recent 3 months
we get 1,977,262/62,012,424= 0.03. With industry PE of 50, we get 50 x 0.03 = 1.50 per share. I hope we have a huge profit in this coming Q to stay above $1.50 per shares. The market will correct itself and we will be where we are suppposed to be pretty soon. These are proven numbers and the deals are done deals.
I had to call in for my order with Scottrade. Nowadays, whenever a stock goes up 100% within a single day, scottrade will put a restriction on that particular stock. Not a big deal IMO since this one will be trading on fundamentals, and the restrictions because of the huge gain will not hinder the uptrend of SFNN IMO. Scottrade has been doing this on stocks that gap up over 100% in one day to protect ordinary investors because there are some dishonest pumpers out there that create gappers and later dump on unsuspecting investors.
I like the float of 39.8mil. 10SB filed says O/S is 97.9mil, though not a big difference with yahoo numbers. How come the stock is not where it is supposed to be? about 1.45 - 1.50 range. Is it because it is not publicized as much?
Weighted average number of common shares outstanding, basic and diluted is 97,954,694
Net income 4,694,373 for 3 months ended.
SFNN current market values is at $1.45 a per the most recent profitable Q. If the company makes more profits this coming Q, hopefuly within 2 weeks, then the $1.45 could be realized even though the valuation would be higher than $1.45.
90 mil O/S is not that much IMO. I just hope management will not dilute the O/S. I wonder what te float is on this one
That's what I call an abnormal spread between bid and ask
I will. Just wondering whether a technical short squeeze could happen like the one in PLYCF. PLYCF changed its cusip and old shares(cusip) continued to trade in the market and the stock is up 1400% in 2 weeks.
Does anyone know what will happen to the counterfeit shares since the company has already been compensated for the gains obtained from these fake shares?
"The District Court of Oklahoma County, Oklahoma entered an order approving settlement Agreement requiring the settling parties to return the alleged fraudulently issued shares of common stock to the Company and the Company was paid the cash proceeds alleged to have been wrongfully received by the defendants subject to such Order. In addition the Company issued new shares with a new CUSIP number which became effective for all previous, current and future common stock issued by the Company transfer agent."
How long have you guys been holding on this?
I sold out. I will wait for for it after the merger and after the plit at 0.01. I don't like shorties, but this would be an exception. let them bring it down for me to acquire the entire 20mil O/S at 0.01 or even 0.005
I know what the O/S is, but what is the A/S (authorized shares)?
And it will be a big bounce back up. Not a little one this time.
I know what the MMs are doing. They usually bring the bid down (So as to grab few cheap shares), which then scares the weak investors, who then sell their few shares. Because the float is way too low,the % drop would then look big, then the other weak hands sell from fear. Now, because this METP was not on the hand of the MMs when it started moving, they missed out. Now they want some of the shares because they know it has potential to move above the $1 range as soon as a merger comes through. Remember, we expect one by the end of the year, which is just 2 months away. I like my METP and I'm sticking with it. If I had done so a few months ago, I'm now probably be retired for good.
CKGR is being pumped like crazy. Pinksheet doesn't even mention the news and it is usually the first one to receive such news. Yahoo doesn't have it either. I think the news was just manufactured. Carefull guys. If you lost money in FCRZ, then you will lose at CKGR. They can pump and dump as they wish, but someone will catch up with these guys on one of these fine days. If not the SEC, then maybe the FBI. Why did they delete my post ? Just confirms that they are bating poor/innocent investors.
CKGR is being pumped like crazy. Pinksheet doesn't even mention the news and it is usually the first one to receive such news. Yahoo doesn't have it either. I think the news was just manufactured. Carefull guys. If you lost money in FCRZ, then you will lose at CKGR. They can pump and dump as they wish, but someone will catch up with these guys on one of these fine days. If not the SEC, then maybe the FBI. Why did they delete my post ? Just confirms that they are bating poor/innocent investors.
OT: CKGR is being pumped like crazy. Pinksheet doesn't even mention the news and it is usually the first one to receive such news. Yahoo doesn't have it either. I think the news was just manufactured. Carefull guys. If you lost money in FCRZ, then you will lose at CKGR. They can pump and dump as they wish, but someone will catch up with these guys on one of these fine days. If not the SEC, then maybe the FBI. Why did they delete my post ? Just confirms that they are bating poor/innocent investors.
It could be accumulated earnings or capital assets.
True, If you invested $1000 six months ago on MEPT, you'd be having $30,000 today.
Those are just rumors. Pumpers are now using shells to pump and dump on naive investors. Don't chase it, otherwise you will burn. same thing happened to FCRZ. look at it now. been going down ever since it hit 1000% gain on friday.
If a sell of 65K can drop it 25%, guess what will happen when the traders buy 1mil shares, hopefully today. Could easily see another 1900% gain IMO.
I know it's no brainer, but don't have a margin account to short it too. That's why I have no option but to accept a loss and live with it. Hopefully, something might turn around. I think both company's did this so that they themselves and their families can get cheap shares because they know it would come down as soon as they mentioned R/S.
It is not about the wording of the PR. It is the content in it. Particularly the words "reverse split" The MMs will end up creating a "Naked short" situation by "failing to deliver" the borrowed shares by not covering their positions because they short it to 0.0001, and the company does not know what to do next because they end up with billions of mysterious shares (Company's have complained to the SEC but there is no hard-and-fast rule to bring the companys back to trading after they have been shorted like this. Please please please POFG call off the split. This is pinkieland. Listen to the street-smart who are advising you because of experience. The MMs and traders are salivating at this stock because they have found an easy one here to short to nonexistence. R/S do not work with pennystocks . Just look at PCLO which was at 0.25 a few months ago and was shorted to 0.0001 because of the same thing you are trying to do. Its done. Do not feed alligators with the beef on your hand because they will eat you up too. Reconsider the split IMO. Complaints from investors who lose money from R/S usually get the SEC attention, who in turn end up scrutinizing the company in more details. Stop the madness. Stop the split. if you want to reduce the shares to 20mil, then
1. Buy them back at the usual 50% discount, or
2. Convert then to restricted preferred share, or
3. Give Amstar their shares at a 5:1 ratio instead
I agree. and then they end up creating a "Naked short" situation by "failure to deliver" the shares by not covering their positions because they short it to 0.0001 and the company does not know what to do next because they end up with billions of shares that just came from no where. Please please please POFG call off the split. This is pinkieland. Listen to the street-smart who are advising you because of experience. The MMs and traders are salivating at this stock because they have found an easy one here to short to nonexistence. R/S do not work with pennystocks . Just look at PCLO which was at 0.25 a few months ago and was shorted to 0.0001 because of the same thing you are trying to do. Its done. Do not feed alligators with the beef on your hand because they will eat you up too. Reconsider the split IMO. Complaints from investors who lose money from R/S usually compalain and they get the SEC attention, who in turn end up scrutinizing the company in more details. Stop the madness. Stop the split. if you want to reduce the shares to 20mil, then
1. Buy them back at the usual 50% discount, or
2. Convert then to restricted preferred share, or
3. Give Amstar their shares at a 5:1 ratio instead
Assume that the Revenues do not increase from 2005. 2005 were $58,592,331. A conservative profit magin of 20% will give you about $11.6mil.
EPS = net income/share outstanding.
11,600,000/20,000,000 = 0.58 (EPS).
Industry PE of 50 = PPS/0.58
PPS = 0.58 * 50 = $29
PPS of $29 is assuming that the company does not improve. If the revenues and profitability continue to improve, then the company will have more capital invested in it. Remember, the interest rates will determing the trend of this stock from now onwards since it is in the mortgage business and suddenly the stock has become a longterm due to the market factors that surround it. Do you know how citi group and Wells fargo made their mark? "they were in the lending business".
You will be fine IMO. "Patience" in pinkieland is the best policy. Do not chase stocks but let them come to you. But if you happen to chase one because we all do, then you need to wait patiently for your bagger. As for me, METP is a 10 bagger because of its float and volatility. You only get 10 baggers in volatile one like METP. Even for a longterm hold, you end up winning. Of course longterm for a pennystock is about 6 months.