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Why did you decide to sell out today? I'm still hoping that John Boken will be able to turn this company big and fast enough around that current common shareholders will be able to recieve shares of the new stock. You should read this 2004 info on John Boken:
http://www.turnaround.org/news/newsReleases.asp?objectID=3666
He did an outstanding job of turning NRG Energy, Inc around when they filed for BK. Now that company is doing really good.
Do you know what the float is of both stocks?
Ameritrade shows the bid/ask at .016 x .02!
Good question. It must be a mistake of somekind.
I have been going through the SEC filing and found this:
"In April 2005, Mr. Cutler entered into an agreement with Frank G. Blundo, Jr.
P.C., trustee of the assignment for the benefit of Aspeon and CCI creditors,
subject to due diligence, to invest up to $50,000 cash in us for the benefit of
our creditors in return for a number of shares of our common stock. Following
the completion of the due diligence, Mr. Cutler agreed to invest $20,000 in us
for the benefit of Aspeon and CCI creditors in return for a number of shares of
our common stock. The $20,000 was used to satisfy outstanding creditors."
Does this mean that the $8 million debt has been satisfied?
Yea, looks like it. I'm having a very hard time picking up shares here. Eventually I will probably get tired of waiting and end up taking out the .03 ask but I think I will wait a little longer here. Just seems like a no-brainer here with the people that are involved with this stock.
celipro,
There is a lot of risk with this one but it could pay off. Usually after companies emerge from BK, the common shares are cancelled and new shares are created resulting in current shareholders getting nothing. But in some cases, common shareholders will get shares of the new stock in exchange of the old that will be cancelled. I own only 7K shares of this right now because of the risk. I wouldn't put any money in that you don't mind losing. I own this in hopes that it will pull off a miracle like what happened with FMXL. I made a big mistake on that one. I bought a bunch of shares of that company at .14 and sold at .12 when they announced that they were going BK. I sold because the company said that the common shareholder would get nothing. Well, business ended up picking up and the company decided to give common shareholders shares of the new stock. If I would have held on to those shares for another 6 months, I would have been a millionair on that stock alone. I'm not saying that anything like that will happen here but you never know. Here is the FMXL chart that I am talking about:
Good luck!>
Looks good! Someday this board will be alive again. Let me know if you find any current contact info.
Excellent DD! There are a lot of similarities here between the two companies. I think we have a winner here with ASPE. I wish that my buy orders would fill.
Hopefully she will wake up soon...
That would be good news if the OS has been reduced! When you have time, is there a chance that you could post a couple of charts in the I-box?
Looks like someone is selling a few shares here. I wish that I knew of a way to get ahold of the company somehow. The 3 year chart is awesome! Lots of potential here.
Thanks for the DD! I really like the 3 year chart that you posted! It shows us what the potential is here with VSUS. Looks like there has been no dilution in the last couple of years. Do you or anyone have any current contact info? Any news here and this could easily see .50 agian! It doesn't take many shares to raise the ask.
Goooo VSUS!!!!!!!!!!
5.3M OS FCIN getting some buys today!
5.3M OS FCIN getting some buys right now!
FCIN is up pretty good on lots of buys! I wonder whats in the pipeline. She might just be waking up!
Were you able to get close to 100K shares? Yea, I'm really suprised that I was able to pick so many up at .0015 without the ask going up.
ZLNK is trading at .0015 if anyone wants to pick up some shares. I just picked up 300K shares! Its a steal at these prices.
I just picked up another 300K shares at .0015! Looks like there are some more available at .0015 if anyone wants some.
I like the lower chart in I-box! Looks like a trend upward.
I think 2008 will be a good year for penny stocks that have been trading at a huge discount. I have bought a lot of them at a discout lately. My plan is that as one runs (like CYOS) I will use all the money that I made to buy more shares of the other low float penny stocks that I own. I think they will all run eventually. I would like to have around 5M shares of VSUS before it runs someday.
This could be way more than a 100 bagger. The float is really low on this stock. Doesn't look like there has been any diluting going on. I think this could go back to .25 -.50 range on some good news.
Does anyone know how much debt the ARGA shell had prior to its merger?
Thanks for the link! I was reading it and it looks like David bought most of the shares in both shells and he sold 13+Million of his shares to the company that reversed merged into ARGA right?. So this is better than a normal reverse merger because they don't have to do a reverse split since David will just sell his shares to the new company then the new company would instantly own most of the OS...right? I think this is one of the best shells out there! I just hope I can continue to pick up shares before anything happens.
I think this will be big one day. The same guy that bought the ARGA shell and cleaned it up has been doing the same with ASPE. ARGA used to be sub-penny just like ASPE is now.
ARGA chart:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=arga&sid=0&o_symb=arga&freq=2&time=10
I wonder how this stock drops to .005 today when my .01 bid hasn't been completely filled yet?
I will be putting in a bid at .01 if anyone is interested in selling some shares to me!
I was only able to pick up shares of ASPE at .025 a while back. Hope this one comes back to life.
Just as an FYI, I asked my brother who is a lawyer in Seattle about this company and he said that the Otto Law group doesn't have a real good history. And being that the President of Techalt is also with the Otto Law group, he said I should be very carefull with this one.
I'm thinking that the Fed will have to lower rates tomorrow. The futures are already down over 400 points and the foreign markets are down big again tonight. If the insurers have problems then we will be in a serious situation. Kinda scary!
What broker did you use to pick up CEXP shares? I have Ameritrade and have had no luck at all. What I'm wondering is if I should route my order through Knight securities (or whoever) instead of using the "Auto" routing? I've had orders in at many different prices only to see the stock get bidwacked at a lower price without my order getting filled.
Wow! What was the low on that one? It would be nice for that to happen to one of our stocks!
Does anyone know when this bad boy will see .40 again? Hopefully soon so that I can pay my $19K in taxes that I owe uncle sam...lol.
I like Level 2 on this stock. Once we get passed the .45 ask, then it shouldn't take many shares to blow through the rest of them since the size looks small. We just need news that the company plans on going public again through this shell then I wouldn't be suprised if this traded close to $100.
Chart looks good for a bounce:
Do you know why I am only getting 5K shares of several shell stocks that I have been buying the last couple of days at the ask? I have been hoping to be able to buy more than that since many shells are at a discount right now.
I was so close to taking out the .001 ask yesterday...darn. Big mistake on my part.
I was only able to pick up 5000 shares of my order today. Seems like there are a lot of good deals on shells lately.
Wow! I have never seen this stock so high since I've been following it. Sure wish that I had luck picking up shares of this one.