Moving the Shrimp to Fiji, if the plan works.
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Considering that our illustrious Chairman of the Board makes speeches around the country on the Health Care in Corrections Institutions, and works with a consulting company that specializes in turnarounds, you would think he could create a business model that could the pants off of most private corporations who would even consider going public in this market.
Attention Mr. Howard Salmon, phase 2 consulting in Salt Lake City: Can you hear me now?
Public record searches can be fun for the whole family.
They are certainly more fun than wearing pink underwear in Maricopa County.
I think that is a presumption. A dead stock like SPTS doesn't just suddenly change ownership. That indicates that he didn't recently acquire the shares, but only recently became required to file as a public person, and not excluded from filing by being a broker/dealer.
Seriously. Does anybody think there might be another reason someone would slap the bid with 5000 shares at this price?
5000 * .008 = $40
Who but an MM who didn't have to pay commission would make that trade, and specify exactly 5000 shares? This market is so silly. Why are they set up where you can't see how many shares I have on the bid? Why do clowns put up fake bids?
To whoever sold me those shares, I know I paid commission, and my cost was high unless I get filled before the close, but I will hold to zero or 25 cents with those shares.
Have a nice dinner with your $40, but don't order too many drinks or you will have to pull more out of your pocket. I will be spending like a thief when this gets to 25 cents.
I have been running some of the scenarios through the wet drive. Since he had a series 7, he might have retired from the MM biz, and became a private citizen with all of that ownership to report. He might also have been forced out of the biz, considering the crap (ie SLRW) that made his fingers dirty. He could be filing these things from the prison library while he pays his debt to society as part of a court ordered retribution.
Edited:
It's not only a hint. His error might have released the info prematurely, and gave up his game plan.
I just did a little more DD. There were only 6 million shares O/S in '96 on their last filing. I am still looking, be right back.
The filings appear to say that he owns the whole company. I am thinking he made more than one error, or he is bluffing. I don't think it is a good idea to bluff the SEC and the public. They tend to call that fraud.
On the other hand, he could have won the shares in a poker game.
Yeah Baby! Slap that bid, fool. You think your going to chase me off? You thought I was a fake bid?
This is a real shell game. If you find the right shell, there might be $200,000,000 in missing assets underneath.
Liquidity is the game plan. You can't pay interest on debt if your customers aren't paying the interest on theirs. Hence the problem. I am working fixing it, and you are taking losses. Therefore, that 5000 share sale represents $15,000 I don't have to go looking for anymore, because someone will be calling it a loss on their taxes.
Strange filing. I think he made an error.
Here are a couple samples of what a SC TO-C should look like:
http://www.secinfo.com/d12uJc.12Zy.htm#1stPage
http://www.irconnect.com/mc/irc/secfilings.mc?cmd=disp&id=6345262&type=HTML
Ban was lifted. Pinksheets won't quote them for lack of a simple filing. With this company it is pretty easy to figure out why. They haven't filed anything, and have traditionally done business by Press Release. EDGAR is a bitch to use. They haven't figured out how to use the software yet, so they can't file. I live near the HQ, and I think I will go offer them services to restore trading.
I can't remember the number, but if that is the number of warrants, then yes. They would be sold from treasuruy shares or "issued", and would probably not cross the tape, and the number of outstanding shares would increase.
Warrants are just options. If they expire, they are worthless. If they are exercised, the company gets the exercise price added to the cash in the Balance Sheet. They will be worthless. It would be nice to think that Mr. Silver has that much confidence in the future of the company. It would be nicer for all of us if he simply jumped on a plane, and investigated the claims against the company, inspected the books, and reported back to us.
Wahrlich. Dass ist nur eine problem aber wann Ich shlecter sprechen mit seine vater oder Mutter. Entshuldigung fur my grammatische.
You would love my Grammer. She's a vegetarian. She eats, shoots, and leaves.
Danke. German is my second language. I also speak Mexican. Los puercos pobres estas muy peligros.
I don't speak anything fluently; not even English. LOL
It was APT. Went up big today. Too late. Gapped on the open.
Also, Wir sind den schwein gesuchen heute?
Gut!
What was that mask company again? I remember them in the Sars days.
So nobody wants to make a market here? I tell you what, I will put 20K available at the current ask so somebody can actually get a few shares instead of guessing how many are available. There will be at least my 20K available at .011 for "investors" until the end of today, or until they are taken. It is an AON order, so you have to take at least that many to get them. If sombody hits the ask for less shares, the ask migh dissapear without my shares showing. I will let you know if I see the volume change and anybody hits the ask. I might not be at the computer, so give me time.
I just placed the order, so the shares are there. Let's make a market.
I don't make more than a few bucks on the transaction. My broker takes most of it in commission, but it does free up some cash so I can trade a stock where they actually make a market, and not diddle with their piddle all the day long.
N/C is "Name Change." You need to surrender your shares to have them issue new ones that have have the new name on them.
Speaking of MM's, I thought it stood for "Market Maker" not "Market Faker" MF is reserved for a different type of person. Aren't you guys supposed to be the ones MAKING a market? I am a "Trader," or "Investor." Squeezing the shares into the market is YOUR job.
Isn't that why you guys have all of those bells and whistles on your computers? Maybe you better get some predictive networking equipment, because you aren't doing so well and faking, dodging, and mindreading.
Here is a thought, how about basic training on Making a Market?
No volume means "no market."
A five percent spread is good money for a day's work, but you want to try to fake the traders and get a 50% return. Do you guys ever check your "greed index?"
If they keep giving me the shares, I am going to have to do a takeover and negotiate these loans on my own.
Have you ever heard the story about how Mrs. Eastman took over Kodak?
I just staked out a spot on the corner, and I am buying shares from the investors who lost their shirts. I am almost willing to bet that I picked up today's shares from MM's who thought I was faking the bid. The ask was a fake, you morons (MM's).
Do you know how hard it is to squeeze4 16,000 shares out of a person who rode it down to a penny from $3.00? He is taking a $48,000 loss, and it will be on his tax return for years if he doesn't have a gain to offset it.
Deja Vu all over again. Didn't I buy 16,150 shares at the last bottom?
The captain has a parrot on his shoulder. Thus, it always "We."
Did I ever tell you the story of my "treasure" find? She is an octopus name "Amy," but she really is the reincarnation of Amelia Earhart. The octopus captured her soul when the plane went down in the Pacific. You know an octopus is cephalopod.
Cephalpods are descended from creatures who lived on this earth with the dinosaurs. Squids are know to communicate with "optical" flashing, but the truth is that they had an optical internet before man was walking upright. They are a lot smarter than Humans give them credit for.
Is that calculated by the weight of the lost gold? You know that anyone who salvaged in the old days wasn't reporting their finds. It is probably a very inflated figure. The History of some of those wrecks is going to be more valuable than the cargo in many cases.
I suppose some of the captains of old would say they gained their gold through piracy to impress the women, and explain the lost limbs.
I think Phoney has the right idea. This company has raised a total of about $4,000,000 in public funds, which really isn't enough to raise the eyebrows of the SEC. Is it true they sold a single unit?
On the other hand, the "Angels" market valuation is $50 million, so they can shares out the back door for a lot of money, and the CEO is raking an additional $260,000,000 in salary, and only his name is on the patent application. There is no currently listed assignee. The Corporation owns nothing, acoording to the patent apllication parts I read.
Without a written assignment on a patent, not a patent pending, I wouldn't give a nickle for these shares.
Then again, I have been able to beat a pump and dump at the game a few time. Buy the mystery, sell the fact.
Are you a mind reader? I was thinking of that specific target to resolve this whole mess. Just negotiate with the 84 disgruntled customers and the 5 or 10 banks so that Aleritas loses a lot of equity, and the banks and customers get part of what they are asking for.
The main thing Aleritas needs to do is get these people paying on their loans. I don't think anybody thinks there is $3 in equity, according to current market price.
84 times 150,000 is only $12.5 milllion. Aren't we looking at about $200,000,000 in lost equity? Can they pay $100,000? they actually did purchase the franchises.
Good question. I didn't check L2. Maybe somebody else can answer. I might take them out on Monday if they are still there. It makes more sense to raise the bid, and support the price, but they give such lame fills that you end up paying more for the commission than you do for the shares.
5000 shares @ .006 $30
Commission $10
Actual price of shares = .008
Don't mind my rants too much. I am an old timer who traded before the internet, when it actually cost several hundred or even thousands to make an entry. Of course the market was much more respectable at the time. Not that anybody didn't go BK or dilute, but certainly not as often as they do now.
I hope everybody made money trading this today. I know, not everyone makes money on these trades, but what action!!!
I can hardly contain myself.
Boardmarks at 6 now.
Welcome to the show.
They haven't diluted much since the original 424B3 filing. They primarily raised capital for the IPO through accredited investors who sold off a portion of the shares which they purchased to capitalize the company, in my perception. The company raised $3,000,000, and created a market cap close to $50 million dollars. I would say that the original investors were rewarded well. The company evidently needed to sell another 5 million shares in the year since then to cover additional expenses. Past dilution is gone, but so is most of the cash, and the history shows that they are not going to hesitate to issue more, IMO.
I had to let this go a couple weeks ago when it started trading again. I figured that if GWI.TO came out of the canadian subsidiary of Monarch Machine (the technology is so similar that it defies logic to deny a connection) and they are not willing to verify the connection, then the company isn't worth owning. If they had verified the connection, then this stock would be worth considerably more. If the connection exists, then it more likely that GWI.TO will fall to this level, than this one will rise.
I read the original prospectus for the canadian issue of the stock, and they stated independent "formation" of the company, which to me, sounds highly unlikely considering they are in the coil steel business that Genesis was in when they were in bankrupcy, and Genesis emerged from said bankrupcy with $7 million in DIP financing.
GWI.TO is currently trading around .51 canadian. Good Luck. I hope I am right, but I just don't see them admitting it and not having problems if they do.
It is a nice board, and JayCee has quite a shell collection. Are any of them better than my snail shells? I like those Asian and South Pacific Conch shells that can blow like a horn, but wouldn't mind picking up a few clams on a purchase or two.
The Chinese cellphone business model has been used by a few other companies, and it worked well until the recession started. I figure Jaycee picked up the pieces on an interesting shell with "Along Mobile." They supposedly had a lot of cash in their last report. What happened?
You know, you only hurt the ones you love. I loved my wife, but I couldn't stand being hurt any longer. America is a serial victim of abuse. We keep going back to our abuser and think it will work out this time.
I can't wait until Obama finds out the truth. There isn't anything left in our pockets but lint. No change, just the "hope" that he actually campaigned on. Kerry lost. He was the one who campaigned on "change." Obama stressed "hope" and that is why he won.
If you like that structure, check out MRDG. There is only one version of preferred, and it converts to common. In fact, it might already be converted and not exist. It moves without much effort, but there is no market. The shell is cheap, compared to many, and seems clean.
" I tip my hat to the new constitution. Take a bow for the new revolution. Smile and grin at the change all around. Pick up my guitar and play.....
Then I get on my knees and pray.......
We don't get fooled again!!!!"
That being said, isn't it also strange how the number of message board postings has dropped, and the unemployment rate has skyrocketed since the election?
You would think that postings would increase with the loss of jobs for lack of better things to do. Maybe they were employed as posters. You think?
Never mess with a working program. Teflon President number 2 has once again proven that nothing sticks to a demagogue.
So when exactly was that timeline to remove troops going to be decided? Oh, that's right, Bush isn't president. We don't need a timeline. War? What war?
So, has the government cancelled all of Cheneys ..errr Halliburton's contracts? I mean, everybody knows how important that connection was so that Bush could make a fortune. At least any lie-beral you asked over the past 8 years knows.
Funny how quiet they are these days. I am guessing that Soros stopped paying them to post that nonsense on every message board from here to Zimbabwe.
Isn't the MARTI technology an intangible asset, or was that completly spun off or lost in proceedings? Maybe he has an eye on a sweet deal for the Intellectual property of the subsidiaries. It would take a little finagling to get around the liens, but is possible with a good Lawyer. The debtors would surely rather take a cut on the sale than recieve the nothing they are getting now.
Google the name and the word "invention"
Are we talking about the same stock? GTLL hasn't traded much in the last year. One active day.
I have quite a fascination for "shells" and BK's myself. Risk/reward plays out pretty good sometimes. Hardly anybody anticipates the value of a shell after the dust settles in a BK, but the research and the waiting can be tedious for those who are in for the short term.
I already don't like his interest in "Global Technologies." He owns too many unregistered preferred shares. There is no information available on the issuance, so for all intents and purposes, it is a private company, or at least; the market value cannot be determined without more information.
That is another popular technique. You just have to make sure you don't break a hole in it.
It's actually funny that scientist had been looking for water on Mars for many years. Then some genius figured that they should be looking for the solid variety, and they found it almost immediately.
Weather report for Mars says sub-zero temperatures are expected throughout the planet again.
Between us, we seem to have this "google" thing working.
Very nice find. Almost as good as having a copy of "Robert's Rules" or "Miss Manners" handy.