Well Taki, I have to agree with you; assuming the agreement stipulates that Cornell cannot short. What we do not know is if Cornell has requested conversion as they are entitled and Arne is putting it off while seeking financing.

Who cares whether shares have been converted; they are not worth anything anyway.

Can you tell me where Arne says Cornell cannot short?

Arne needs $$$$$ to make things happen; just no two ways about it!

OH, did not know the agreement said that. Things are getting tight as the Syrei audit is being done and within 15 days after the audit $2M must be paid to Syrei; but Arne has no money. I never understood how Arne could say that the Syrei deal is complete when "step two" is not complete???

Arne is required to pay off Cornel or let them convert. Think it has been a couple months now.

Seems to me that Arne has no money/financing (always was the problem) and has not affected the 2B AS shares. Cornell cannot convert the preferreds as AS is maxed so they simply short thru nite. The pps declines and Cornell will be converting at some point for more shares.

If Arne does not get financing the outlook is bad for the home team.

OLD cj; she was really a piece of work.

Posting to you is like posting to CJ. Please send me no other posts.

I KNOW THAT! I am talking about what will have to eventually happen. Everbody knows what the AS will be upon the issuance of the shareholders letter. NOBODY knows what the financing will do to the share structure. Cornell may even be out of the picture. I don't think you are reading my posts or you just don't understand.

Well, Cornell can convert the preferreds if they so desire or preferreds are valued at $10,031 each per sec filings. Awyi must be in financing negotions as they owe Syrei $2M and something is going to happen with the Cornell preferreds; or not. Cornell must be involved with the financing discussions.

I realize the shareholder letter effects the new AS. I just feel Cornell is involved with the financing discussions and we should know something about that soon.

All I can say is that Awyi is not currently on the daily short threshold list. I am sure Cornell is involved with the financing discussions as they can convert the preferreds if they want to.

Cornell owns preferred shares. Have seen no filings that they have converted them to common stock. We have a case of low volume until Syrei audit/$2M payment (2nd step) is accomplished. Back in @ .005 from .0105.

Arne has no money. The financing will be the key. Always has been from the beginning.

Debt should be approx. $4.6M as they owe Syrei $4M.

Just guessing.

IF you believe the info on the DAILY Threshold list you know it is shorted. IF you believe the info from Buyins.net you know the timeframe of the short. If you pay for for buyins.net I believe they give you quantities and squeeze trigger prices.

The point is NAS TRADER really tells one nothing.

All B is saying is that the info on NAS TRADER is so old that it is meaningless.

I can only guess he wants the CC first. That would minimize the amount of questions relating to a filing. Hard to believe anyone/anything when one plays these oinker stocks.

NT 10K filed.

I agree. I look at buyins.net to confirm the threshold security list and try to establish how long the stock might have been short. I look at the charts for FLIP and this latest pps dive began around Jan 08. I do believe there is a high # of short shares; just cannot figure out from whom.

I don't look at "Pink Sheet short list." I look at the daily Threshold Security List, Buyins.Net, and Nas. Trader. I doubt the accuracy of what I see plus the info is old; BUT what else is there to look at?

I figure if the Threshhold Security list and Buyin.net are in sync, the stock is short! How; Go figure.

Buyins.Net has them on the sho list since Jan. 14, 08. I know Nas Trader only shows 35,000 as being shorted. Could be the warrant holders are very late in converting their shares to cover their sells; hence the continued decline in pps and more OS to come.

Saw that coming!

This Morales guy is a real jewel. Instead of doing a 240,000 to 1 RS in order to eliminate most all shareholders; he does two RS's 12,000 and 20 to 1 so he will not look so bad for his next pump job.

OS 230M to 291M in a matter of days! Somebody is upset! I am happy that SG called them out. He has now set at both sides of the table.

On the Go has been on one of my streamers for a number of years.

I did OK because because I was in /out. Bertter MGMT can make it a go. Sturat Turd juct took $ from shareholers

OK guys...... I would like to present my thoughts; PLEASE correct me or give me other factual opinions.

With all these sub/pennies totaly dilutive financing usually kills them. I also believe X in his thoughts about the dilutive financing (warrant holders selling creating a short position driving down the pps.) that exists; the warrant holders need to ELIMINATED.

I believe that it is a good move to spin off Elysiun; EL may not have to deal with the direct financing/warranr holder activities.

So, I hope that SG gets the line of credit.

ok, no problem. I thought that post was a bit far out myself. Thought you were attributing that post to me.
GLTA

That was not my post Pal! I said that IMO USBF was a tool being used to bring Elysium public and the pps of USBF meant nothing. Reread the post before you start mouthing off.

I stand corrected; FTS has $28/$32M of sales. The pr said profitable sales which remains to be seen.

I understand that there are 2 business...VAR/Internet RE Model. That is why I said FLIP can concentrate on the VAR Business and the Elysium business can become more fully understood (Internet RE Model).

Thanks for correcting me on the sales #.

I understand the different businesses/legal entities as you said. I will reread todays pr concerning the profitable sales.

Well, I guess I like today's PR. The FTS Group will own 60% of the preferred shares of Elysium that has $28M/$32M of profitable sales. The 8K will be filed within 4 business days. Flip will receive a $1.5M note.

The relentless short selling of FLIP has stopped due to lack of volume. The real OS of FLIP should now start to become apparent.

FLIP can concentrate on turning around the new VAR business and the Elysium business will be better understood.

GO FLIP/Elysium

I think you are right; otcbb.

Basicly it is a shell. I think they had $25K in Rev and have 1 employee.

Divi's have not been mentioned; YET. IMO any divi will not be is USBF but in the real legal entity, Elsyium. Will be interesting at what Elsyium begins trading at.

Very possible. Again, the pps of USBF is meaningless as it is only a tool used to create Elsyium as a public company.

USBF is just a shell (12M OS I think) being used to bring Elsyium public. The name change will be to Elsyium.

Yes, there are quite a few to go but if the volume decreases the conversions will decrease giving FLIP more time to pay off some of the debt. Will be interesting to see how the pps of Elsyium evolves as a stand alone as it sounds like they are somewhat strong.