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That makes no sense whatsoever. Even leaving aside that ATRN may or may not still have a business... well, let's assume that they do for the moment. How can a company that is already public have an IPO?
Now they're just flat-out making stuff up.
"We were all witness to similar retractions early last week, and the week before where NSRS ended in the 40-60 cent range, but within days jumped right back up to $1 or over."
Honestly, I don't know their reasoning. If they had simply wanted to reduce the number of shareholders of record (a very common goal for companies that want to reduce their administrative costs), I assume that they would have done a reverse split at a ratio more like 1:1000 than 1:7.
After the R/S, there are 107,142,857 shares authorized but only 4,452,020 outstanding.
Not necessarily. I believe that they'd like to get it trading again eventually, but the timing of this reverse split has no bearing on it that I can see.
Private companies can do reverse splits. This one did.
Hmmm, let me think... perhaps because many realize that the often distorted and occasionally wholly unsupported views posted here are not reality?
What difference does it make who the purchaser was?
Answer: No difference. What matters is what the purchase price for the assets was, and what the INPT public shell intends to do with the proceeds.
Well put.
Right. I called yesterday but no return call.
Here it is in a nutshell.
A couple of people decided that ADST, a dark (non-reporting) company that doesn't answer its phone and may not actually even have a viable business anymore*, could get some sort of deal with Facebook.
Or, more accurately (IMO), that the stock of ADST could be set in motion if they bought up a little of it and then started tirelessly posting about that self-created "rumor."
As I said yesterday, "classic P&D."
*Has anyone asked Edgil Associates Inc. whether it still has anything to do with AdStar? My guess would be that it does not.
Why do you think "the company is making money"? They haven't reported in years, right?
I just called 310-577-8255 and left a message on the voicemail. Let's see whether anyone responds.
It would go much, much higher. Unfortunately, there is no basis whatsoever for the suggestions that there will be a deal with anyone.
How many years old is that information?
The "rumor" was started by two guys right here on IHub. Adstar is a dark company.
I posted "classic P&D" on the ADST board and it was deleted as a "personal attack."
ADST is a classic P&D, and now we also know something about the character of the mod who deleted the post.
Classic P&D.
I think Dean Janes will walk away SCOTT FREE. He has a machine that wont comply with the FDA demands,” but he has one “ a machine”? This is the catch. Dean Janes has made million’s on rent, salary, and all the other other things in the 10K that most don’t take the time to read. Yes the X wife on the Payroll and the 110K Mercedies were a couple of the facts that swayed me.
Oh yeah. The "we we" guy is the same guy who can't spell "to."
Hall of Fame-caliber P&D NSRS has now issued 33 press releases in the past 33 business days. I think last year's champion, GTSO, barfed out something like 52 dubious PRs in 55 days before it cratered.
http://www.hotstocked.com/article/11232/green-technology-solutions-inc-pink-gtso.html
really proves the saying that no matter how sure you are, the opposite of what you expect to happen will happen.
Wow, I was not aware that that was a saying. Live and learn.
I think it would be safer to assume that the poster may (or may not) be a stockholder. The poster did not claim to be "the company."
However, I agree with you that for the majority stockholders not to have kept track of filings made, or potential transactions being negotiated, in the name of the corporation is extremely odd.
I believe he/she is referring to concepts, not entities.
Sorry sir...that was an over-site
Oh, interesting - I had not seen that. Thanks.
Still adding?
Threatening email from a penny-stock CEO. It is here for the oops, but I love it for other reasons:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71686502
Not a typo or grammatical problem, but I'm not sure what else to do with it and I need to share it:
Who cares if Frank was arrested, you dont even know what it was for. Do I think hes a superstar, NO, but I dont know anybody that hasn't been arrested. it happens to the best of us.
Good luck with your mods there and there puppeteers pulling there strings.
I think not.
Cheaper now. Looks like Carnahan had better order up another pump campaign soon, with a side order of incomprehensible press releases.
Another trifecta!
like they use to say keep your freinds close and enemy's closer
I would much rather they choose a position in which nothing protrudes.
Generally, transactions "outside the ordinary course of business" of a corporation require Board approval. And certainly selling all or a substantial portion of the assets of the corporation, or a merger or other transaction that would result in a "change of control" of the corporation (a term that has an accepted legal definition), would require stockholder approval.
I think most clear-thinking people would agree with you on both counts.
"Mass amount" and "great amount." Yes, what the world needs is another Pink Sheet holding company with a vague business plan and a semi-literate President.
Mr. Holroyd concluded, "As soon as the SEC declares BCDH's Form 10 Registration Statement effective, we anticipate a mass amount of acquisitions and revenues to be generated. We have been working diligently for the past few years to accomplish numerous tasks and in doing so we feel the market is primed for a holding company like BCDH. I owe a great amount of gratitude to our shareholders that have given us our past, current, and future success. Thank you and I will be keeping you posted regularly with our progress."http://ih.advfn.com/p.php?pid=nmona&article=50995733&symbol=BCDH
"Look up COAST suspension systems patents educate yourself!!!"
The history of the corporation is interesting but irrelevant. AIMH is a shell.
I don't have time to debunk all of this now, but you are posting a convoluted and distorted version of basic corporate law, topped with a large helping of baseless speculation. Here is an oversimplified explanation of how it actually works:
1. The stockholders elect the directors.
2. The Board of Directors appoints the officers, including the President.
3. The officers run the company.
4. Certain significant corporate transactions entered into by the officers on behalf of the corporation require approval by the Board of Directors, and a smaller subset of those transactions require approval by a majority in interest of the stockholders.
"he constructed his own worthless deal to sell AIMH to Marchi and tried to get away from the proceeds"
I would call that nonsense except that I can't quite figure out what it means.
"CRIMINAL / FELONY
If he hijacked AIMH without authorization, then all one (anyone) needs to do is file a complaint with the District Attorney and call for an investigation into grand theft and fraud. This is a FELONY CRIMINAL matter, where the petitioner and prosecutor will be the DA. If found guilty here, possible prison time, $ penalties, etc. I vaguely recall someone saying Kidder did serve jail time for something else he did in securities, so maybe he'll go back to prison over this one."
"Hijack"? You think it's possible that Morey was acting without ANY authorization from ANY stockholder or director of AIMH? I'm not going to dignify this absurd raving with any further response.
Aarrgghh. More uninformed speculation.
Prison is for those who are convicted of crimes. Civil disputes are not crimes.
None of us knows exactly what happened yet, and it is likely that we never will. However, so far, I don't see any evidence of "fraud," much less 10:00 PM television drama concepts like "grand theft." Let's not leap to conclusions without any facts.
If Morey exceeded the scope of his authority, that would not give any stockholder of AIMH a cause of action against the corporation. It would be up to the corporation to pursue its remedies against him.
And there's no "grand theft." What are you suggesting he stole?