And that post just...

If it goes to .05-.07, I'll be pitching the biggest tent this side of the Mason Dixon Line.

It'll give me more time to load my boat...

Which is either going to be one of the smartest things I've done in my life, or win me a financial darwin award.

From the buying that is going on, I doubt this reaches that level.

A couple of things you folks need to realize IMHO...

They saved all the filing fees which appears to be the main reason they are not producing the report. Why would you need it when you are going private anyways.

This morning's 8k and SEC filing clearly shows this is going private by the last sentence in the 8k, and the SEC site I linked to this morning. They will be making those filings soon.

The company has a fiduciary duty at the board level to compensate shareholders at a cost that the company is worth in the open marketplace. Any deal has to mirror, to some degree, other fair value deals in the marketplace. And research points to over $1.00, based on other deals in this space and future value of earnings. They don't fairly compensate us, Dyne and the boys have a very long legal battle ahead of them that no one wins.

They obviously have to show us the books as part of the due diligence process that led to the buyout valuation.

I'm holding...

More garbage

Garbage

Alright...I'm on board.

ORCD...can't find a similar filing in edgar...

Basically, if private is true, we should be seeing one of these very, very soon.

http://www.sec.gov/answers/gopriv.htm

Going Private

A publicly held company generally means a company that has a class of securities that is registered with the Commission because those securities are widely held or traded on a national securities exchange. When a public company is eligible to deregister a class of its equity securities, either because those securities are no longer widely held or because they are delisted from an exchange, this is known as “going private.”

A publicly held company may deregister its equity securities when they are held by less than 300 shareholders of record or less than 500 shareholders of record, where the company does not have significant assets. Depending on the facts and circumstances, the company may no longer be required to file periodic reports with the SEC once the number of shareholders of record drops below the above thresholds.

A number of kinds of transactions can result in a company going private, including:

Another company or individual makes a tender offer to buy all or most of the company’s publicly held shares;
The company merges with or sells all or substantially all of the company’s assets to another company; or
The company declares a reverse stock split that reduces the number of shareholders of record. In a reverse stock split, the company typically gives shareholders a single new share in exchange for a block—10, 100, or even 1,000 shares—of the old shares. If a shareholder does not have a sufficient number of old shares to exchange for new shares, the company will usually pay the shareholder cash instead of issuing a new share, thus eliminating some smaller shareholders of record and reducing the total number of shareholders.
If an affiliate of the company or the company itself is engaged in one of these kinds of transactions or series of transactions that will cause a class of equity securities to become eligible for deregistration or delisting, Rule 13e-3 of the Securities Exchange Act of 1934 and Schedule 13E-3 may apply. When Rule 13e-3 applies, the company is said to be “going private” under SEC rules. While SEC rules don't prevent companies from going private, they do require companies to provide specific information to shareholders about the transaction that caused the company to go private. In addition to a Schedule 13E-3, the company and/or the affiliates engaged in the transaction also may have to file a proxy or a tender offer statement with the SEC.

When one of the kinds of transactions listed above involving a company or its affiliates results in a company’s publicly held securities becoming delisted from a national securities exchange or an inter-dealer quotation system of any national securities association, Rule 13e-3 and Schedule 13E-3 may also apply.

Schedule 13E-3 requires a discussion of the purposes of the transaction, any alternatives that the company considered, and whether the transaction is fair to unaffiliated shareholders. The Schedule also must disclose whether and why any of its directors disagreed with the transaction or abstained from voting on the transaction and whether a majority of directors who are not company employees approved the transaction.

Going private transactions require shareholders to make difficult decisions. To protect shareholders, some states have adopted corporate takeover statutes that provide shareholders with dissenter's rights. These statutes provide shareholders the opportunity to sell their shares on the terms offered, to challenge the transaction in court, or to hold on to the shares. Once the transaction is concluded, remaining shareholders may find it very difficult to sell their retained shares because of a limited trading market.

yes

SO... Y'all want to comment on why the hell they would do this?

8-k

http://secfilings.com/searchresultswide.aspx?link=1&filingid=8514864

True. But after he put his pants on, He goes and sells companies for billions of dollars

My son was born september 16th of last year. He was small and weighed 5 pounds 12 ounces. No he weighs almost 19 lbs and is almost in 1 year old clothes.

I'm hoping along with those financials comes us seeing $0.50

I'd sell to Google for $5.00 a share...

Nah, that's KABOOMSAUCE

This thing is going to explode. Shares are in the hands of investors, and time is running out. It's pay to play now!

Feels like I got kicked in the cohones is what it feels like...

If they would as much as sneeze, we'd immediately be at .20

Because, frankly, you don't know what you are talking about.

That's why.

If I were you though, I'd relax...

Someone is buying the hell out of this at .02

NITE has a huge order for 465k shares at .02

CSTI is showing 50, but I bet they are shorting the living daylights out of this right now. Any news, and CSTI flips into cover mode and BOING!

2 Sells...All the rest Buys...

Mini weeeeeeeeee!

She's about to rip IMHO...

If my T/A is correct, we should bang off .20 today...doubt we break it without news, but should be the first test...

Just drop the financials and the 8k, so we get the show on the road

and you folks thought I was nuts

Enjoy...

Nice bounce to .02

Great! Thanks of your opinion. Please feel free to continue this discussion in your hot air balloon, because we know what we hold.

Geez...

Here they all come...again...

Oy...

make that 8

7 MMs at .018...

Take too long to post it. At work...

.018 is rock solid IMHO.

When she hits .018, she should bounce quickly... All IMHO...

T/A is keeping us down, as I can't answer the short question. Short volume is both short sales and buys to cover, and is not indicative of open positions...

HUGE BIG SUPPORT AT .018 on level 2

I know most people are not going to like to hear this, but I still say .018 is a great entry point.

Go ahead, have at it...

This is great and all, but I think everyone needs to calm down on this one.

I do not see that Converge is a publicly traded company, nor can I find any information related to revenues. $20M is a friggin whopper of a lawsuit, and in most insurance policies, known misappropriation of trade secrets is excluded.

This information reads like the owners of Converge certainly knew what was going on, and if that comes to light, via evidence, during the trial, the insurance carrier is going to excuse themselves from the suit. At that point, Converge goes naked on this suit.

The likelihood of collecting $20M, plus defense costs, is low.

I just need to set expectations.

DISCLAIMER I did about 2 minutes of due diligence this morning on the web concerning converge. I can only speak to the insurance money that would be paid, as everyone would take out an insurance policy if it was a free-for-all, leaving the carrier to clean up the mess in its wake.

Have a good one folks. We're sitting on DYNE-O-MYTE!

I like this one...

Once the Par Sar flips, goodnight Irene...

We got a break of the 20SMA

We need confirmation tomorrow, but it's a good start...

What I like about it is, the symmetrical triangle that Claytrader was talking about in one of his videos was breached to the upside.

Again, we need confirmation tomorrow.