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joelegs- thanks for your input. Any reduction in share counts by any company is usually something to tell the whole world with a PR as it is always welcomed by the investing public. Just like this company did not to long ago:
http://biz.yahoo.com/iw/070321/0229379.html
It's usually the dilution, either by the company itself or thru debt financing, that they try to hide from investors. You are right also that many people either do not know how or don't even try to read financial statements and sec filings. With the passage of the Sabanes/Oxley act more and more companies have chosen to go dark making it much harder to gather good relevent info.
Thanks for coming by and Happy Easter to you too
.........al
camguy- you are correct. That runup in share price was just a short time before the dot com bust. It seemed the whole otcbb world was being lifted all at once. I was fortunate enuff to be in this one and another TEXN which is now defunct. That is also a very good analogy with the car companies. Thanks for stopping by with your comments. GL2U
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ichiroo- thanks for coming by with your input. I have been to howdy's link at pinksheets.com. Altho I do go there at times, it's not one of my favorite places to go for dd as many times I've found their info seriously out of date. It is not beyond the realm of possibilities that they have reduced the authorized to 30 billion. I have looked in several places to try and verify that and have found nothing. Howdy is in close communication with the company. If they have amended, I'm hoping they'll send him a link. GL2U
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howdy- Ah yes, I think I know what you are trying imply here. Just because they did a R/S and changed the ticker symbol that it's a different company. I would agree with you if it was a totally different company and management merging into this one with a totally different product. But the management is the same and the product is the same. Either way though the articles of incorporation do not change the authorized shares just because of a R/S and ticker symbol change. To change the articles of incorporation a meeting must be held and it must be voted on. Wouldn't you think an amendment like that, decreasing the authorized shares by over 2/3 would be cause for a major PR? Write to Alex and ask him to send you a copy of the amendment decreasing the authorized shares to 30 billion and I will happily post it.
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howdy- the document I reference is an unaudited financial put out by the company itself. If you read it I'm sure you did notice the name of the company is WI-FI TV, INC. I am quoting from an UNaudited financial, but why would they lie about something like that? I would think if they wanted to lie about it, they would seriously low ball that number. I do give them credit for not trying to hide it from investors. Let's see what others come up with when they review the document.
.......al
Have a nice holiday weekend.
Anyone, a little help please- would someone or better yet several people kindly go to the url link I have posted here and post back whether you think it refers to this company or not. Howdy and I have a slight difference of opinion on whether it is this same company or not. Pages 3 and 17 refer to the 100 billion authorized shares. And if it is not this company please let me know so I can delete the reference to the 100 billion authorized shares.
Thanks to all
......al
http://www.pinksheets.com/pdfservlet?id=9652
Howdy- looks like we have a difference of opinion, which is what happens sometimes on forums like this.Perhaps someone else can check this out and report back their views on this document. I'll ask.
.....al
howdy- I have permission from the poster to pass this on. You have said in the past that you speak to Alex quite regularly. It's just an idea and may not be in their gameplan, but if you pass it on to them all they can say is no.
.........al
http://www.investorshub.com/boards/read_msg.asp?message_id=18529461
.0075 is an ok close. slow, steady and sure. consolidation on the way up is better than constant spikes and retraces. JMHO
..........al
superbee, here's a link to an excellent read on market makers.
http://www.investorshub.com/boards/read_msg.asp?message_id=17273959
howdy, first, cut the BS. I haven't used the delete button here yet and do not want to start with you. As much as I'd enjoy a little banter back and forth with you, when I took the job as mod on this board I gave up that luxury. Sorry to send this in public, but you don't accept PMs from me. The link I gave you was working fine for me and still is. You can get there from pinksheets.com. Here's how:
http://www.pinksheets.com/quote/finance.jsp?symbol=WTVI
There's the box there under the heading finacial reports. The last link in the box reads "Annual Report". Click on it to take you to the pdf file.
Please send your apology in a PM. The public board is not the place for it.
........al
Howdy- The link to that financial report was not provided to me by anyone. I've had it in a WTVI file for quite a while. If anyone ever did send me any info on the company that I was unaware of I would do my best to verify it before making it accessible to the board. If not, another option would be to post it as a rumor and ask for help from the good people that post here on the chance that someone else can verify. My objective here is not to bash this company or the stock. It is to facilitate the free flow of information to assist people in making a decision about whether to invest in it. btw I am still waiting for the smash and grab definition.
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Howdy- I clicked on that link several times. It took me to the same place. It is the unaduited yearly from WTVI. I don't know where it's taking your browser but mine goes to the same place. The info is there. In August of last year they voted to expand the authorized shares to 100,000,000,000. Then they had to back date it to a year before that because of some converible debentures that were issued that exceeded the authorized. If that link is still not working correctly for you, try getting there from pinksheets.com.
..........al
harpdog- a parabolic rise in any company's share price will almost always come back down rather quickly. And I am a believer that gaps must be filled eventually. The slow but steady gain is usually a sign of shares going to strong hands and much preferable in my opinion.
.....al
rwscott- I'm going to call the TA today or tomorrow for an update, but the last accurate count we have from the TA is from March 27- OS 575,081,997
......al
howdy- good morning, thank you for the link to the press release, I'll make a place on the iBox for them today and get it put there. Here is the link to the 100 billion shares authorized. pages 3 and 17 both reference it.
http://www.pinksheets.com/pdfservlet?id=9652
........al
I want to put this out in the open for all to see. I am posting it once and will not post this again as long as I have a position of responsibility on this board. I will add it to the iBox for reference. As many already know I am not a fan of this company nor it's management. I am posting the reasons now to satisfy anyone's curiosity in the future. I do not want to use my position on this board to continually berate this company and it's management, nor to disagree with everyone that has positive feelings about the company. It's your hard earned money, do with it as you will. I will do my best for all here to try to keep all information about this company as current and accurate as possible.
Many years ago I invested in this company. At that time is was under a different name and symbol. It ended up being a 700 bagger. Out of what is probably a dual sentiment, one being my largest percentage gain ever in the market and two it might possibly happen again, I have watched this company ever since covering a span of about 7-8 years. Unfortunately all I have observed during this time has not been shareholder friendly. The management of the company has not changed, but the name and stock symbol has changed several times. They have done 4 reverse splits in the past 5-6 years. A fairly constant stream of press releases is issued to keep interest in the company alive while millions of shares are dumped into the float, many by convertible debenture holders that have traded their cash for company shares. The authorized shares are now 100 billion. I'm sorry but in my opinion a company that operates like this holds the interests of their shareholders in pretty low esteem. In a nutshell that is why I am down on this company.
I wish you well now and in the future
...........al
TFN - good post on the supply demand thing with the shares. We've all seen some strange things happen when a buying frenzy is roaring.
......al
"if there is a buyback"- I've touched on that before also. I'm all for it but if it's a choice between spending money buying back stock and expanding the production and product lines, ditch the buyback. JMHO
..........al
superbee and tina- I think I am the guilty party on bringing up the reverse split thing. I think it was eons ago, LOL. I brought it up as a necessity if management wanted to go to the big nasdaq board. With the OS shares here and even with sales going way beyond expectations, the company is still only operating in a niche market. Granted they have a virtual lock on it and that is a good thing. But just think for a minute. Is their market large enough to sustain a market cap of around $10 billion? If they get to the otcbb and stay there all well fine and dandy. If they have higher expectations to a larger exchange they will almost have to R/S. I'm not knocking the company. If they get to a market cap of $10 billion without a R/S I am one happy guy with a new rolls royce in my garage every year LOL. The practicalities of it bring me back to reality quickly. Apologies, sometimes I just think too much- it hurts my head too. LOL
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kkgd- yes I'm aware of the nuts and bolts of it but the really finer points are for the accountants. I do know it only applies to losses and not gains. I have a similar situation I'm contemplating right now with some canroyals. Tax law can sure be a pain at times. I'd hate to try and advise anyone to try such a thing on a sub penny like this one. Volatility can be a significant factor.
........al
harpdog- you are correct on the 30 day loss thing. Playing it can be the cause on a lot of anxiety, tho. . Within a day or 2 I'll be updating the iBox with some current share counts. I hope that will help you make your decision on what to do. I'll send you a pm when I have it done. GL2U
..........al
something is definately up today.eom
good morning howdy- pump and dump is an expression older than my trading days in the penny markets. I'm surprised you haven't heard it before. Interpretations may vary somewhat from person to person, but the gist of it is a trader that will buy a stock and come on message boards like this and post messages praising the stock and the company like it will be the next Microsoft or Walmart trying to entice many people to buy it. Hopefully it will create demand and raise the share price. Then the trader will quickly dump his stock at a nice profit and move on to his next victims. I have nothing against swing trading or day trading as long as the trader is not trying to intice people into his scam on message boards.
The iBox will be updated with more info on the company as time goes by. I want to include a brief history, share counts updated occasionally, and current PRs. My opinion of this company hasn't changed and from what I have been seeing it will not change in the forseeable future. I do not want to use my position on this board as a podium to destroy this company. I think they will do that to themselves eventually.
And now a question for you. You have used the term smash and grab before. It was the first time I have heard it. Could you define your meaning of that phrase? I guess I just haven't been to anywhere where it is used.
Thanks
..........al
chunga- isn't that kinda what's going on with nuclear weapons problems in both countries right now. I've repeated that same scenario to many people over the past year or so. It is an eye opener and most people react the same way you did. I know I would load up for bear and then some. Overkill was always one of my stronger subjects LOL. I hope many more read this and voice their opinions.
If you don't read Doonesberry, try and get a hold of this past Sunday's comics and read it. It was kinda thought provoking too. I am neither republican nor democrat- independant and damn proud of it. I am neither liberal nor conservative, but I do see good and bad ideas coming from both spectrums. I write my representative and both senators almost weekly freely giving my opinions on the issues at hand and always encouraging them to repeal the Patriot Act in it's entirety. I don't like big brother watching me all the time. I believe George Bush should be impeached. Bill Clinton was impeached for just being a man. George Bush swore an oath to support and defend our constitution and has made a mockery of it. And no I didn't like Clinton either.
Sorry, guys, I've been on the soapbox too long. I hope I haven't made anyone sorry I found your board. I threw out a scenario that could be taken as anti American and I just wanted to let everyone know a bit more about me before they think I'm some sort of rabble rouser. I just think too much sometimes.
............al
something to ponder with the Iran and North Korea thing
Suppose one day in your neighborhood new people bought and moved into one of the homes. It was a large family in number. They seemed ok but the father was somewhat aggressive and when moving in many neighbors saw what seemed to be large numbers of arms and ammunition. So one day the father in a tiff with one of the neighbors loudly proclaims that the neighbor, his other neighbor and you were not nice and very evil people. A week goes by and the father and several sons all well armed go to the one evil neighbor and throw him and his family out and take over the house. No one does a thing to stop this. Would you begin preparations to defend yourself against this family?
I'm not saying who's right or wrong in the world. I just wanted to add a little thought for possible discussion. Sometimes my mind wanders in many mysterious ways. LOL
..............al
hotmeat- my latest share count from the TA was on Mar 27
575,081,997 shares outstanding
..........al
Just caught a good one on the RB board-
"ETIM time to back up the hearse!!"
shane- people are getting on your case because they think your bashing is mindless. I have bashed a few stocks over the years but for good reasons thatI appropriately listed. I am the last guy that would want to censor you(see my signature, I live it). If you would like to see the stock go back down to .005, simply state it and why. Perhaps you wish it there so you could buy more. Good, that's your wish and you have a right to express it. Hell, I wish the stock would go back down to .003, as I'd love to pick up about 10 million more at that price. If your concerns are logical and legitimate there are many posters here that will treat your concerns with the dignity and respect they deserve. If you come off as mindless you will probably get treated the same in return. FWIW
...........al
superbee- I know you have been collecting the questions for the cc. Is there anyway you post the list a week or so before the cc. It may stimulate some thinking and solicit a few more good thoughts and ideas.
Thanks
..........al
rjblue big AMEN there too. eom
puffyk- I don't know of any company plans for the future off hand. That sounds like it may be a good question for the upcoming CC. Send it along to superbee, she'll take care of it.
...al
puffyk- welcome to my camp. I have always thought that the pet end of this business would be the nuts and bolts, with the people end being the nice gravy on top. JMHO
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basser- they have wall plaques with singing fish, how about a singing urn? LOL, nah not in good taste methinks
......al
I remember Joey's post about his talk with the CEO and no dilution. We can only wait and see. Not to beat a dead horse, but before the R/S the company's TA was Pacific Stock and Transfer which has no internal gag policy. Why switch to a different TA after the split? The plot thickens. LOL
.........al
makesumgravy- big AMEN there. eom.
rjblue- we are sure of nothing, only speculation. Times in between the Q and K leave a lot of room for games with a gagged TA. Trouble is when the info comes out and shows dilution the run to the exits can trample the pps.
.........al
Arrow- that's an excellent question. Perhaps someone more familiar with the technology involved can give a reasonable answer to that question. I wish I could help you but that is somewhat beyond my technological expertise. Anyone out there?
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Many years ago I invested in a penny stock company that ended up being a 700 bagger for me. My largest % gain ever. Since then I have followed the company out of sentiment and admittedly looking for another possible large gain. All I have seen since is massive dilution and several reverse splits. As bad as all that sounds, they have never gagged the TA nor changed to a TA that is self gagging. Knowing things like that makes it look bad for companies like this. Looks may be deceiving, but the red flags are up for potential investors looking here.
..........al
Makesumgravy- I agree. In investigating many penny stocks for possible investment I am finding more and more of this. It raises a red flag and a lrage majority of the time ends my possible interest in that particular company. The TA is the only place to get the real scoop if you think a company is diluting and hiding it. A self gagging TA opens a very large skirt to hide behind.
.....al