- LEGAL COUNSEL & ECONOMIST
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A "chill" in the esoteric sense of the word does NOT mean ATTD is on the infamous DTCC CHILL LIST. Trade-for-trade action arguably "chills" or creates a "minor aversion" to trading a stock. THAT, however, is hella different from what happens to a stock banished to Global Lock and cast onto the real DTCC CHILL LIST!
Trying to mix traders up to the detriment of the PPS with this symantics game seems most uncool, IMHO.
DTCC has yet to put ATTD on GLOBAL LOCK, and of crucial importance: GLOBAL LOCK is a prerequisite for banishment to the DTCC CHILL LIST.
A mere exit from the CUSIP and entrance into trade-for-trade (very common among OTC and Pink Sheet stocks), however, may and usually DOES occur WITHOUT the DTCC having placed a GLOBAL LOCK on the subject stock. HENCE, WHERE THE DTCC HAS NOT PLACED A GLOBAL LOCK ON ATTD, ATTD IS NOT AND CANNOT BE ON THE DTCC CHILL LIST.
Thus, a stock on global lock will be on trade-for-trade; however, that does NOT conversely mean that the DTCC globally locks (and subsequently chills) all trade-for-trade stocks. The logical syllogism upon which you rely thus proves fallacious.
I just reamed the hell out of T.D. Ameritrate about its issues with ATTD. Perhaps if enough clients complain, TDA will pull its head from between its buttocks and let ATTD trade freely!!!
Damn... any day now! WTH is the hold up on the run here? :(
T.D. Ameritrade has asinine and inexplicable issues with ATTD. I've dealt with TDA before on this stock. My Fidelity account, however, never has a hiccup.
T.D. Ameritrade, on the other hand, obvioulsy disdains trading penny stocks like ATTD. Indeed, I can clearly identify the pure annoyance in the TDA reps' voices I frequently speak with in resolving TDA penny stock issues over the telephone.
T.D. Ameritrade needs to get its act together and service its clients... penny stock or blue chip traders! That goes DOUBLE for ATTD issues!!!
Roy had this issue in his sights long before now.
"We are reaching out to DTCC to fully understand this. Regardless of the implications of this memo [i.e., January 6th Trade-for Trade Memo], it has nothing to do with our reporting or accounting. [W]e have industry experts looking into this... [and] have received no communication from DTCC. Thanks, rGW"
-Responsive E-Mail from Roy Warren to me (January 11, 2012).
DTCC has yet to put ATTD on GLOBAL LOCK. Of crucial importance: GLOBAL LOCK is a prerequisite for banishment to the DTCC CHILL LIST. A mere exit from the CUSIP and entrance into trade-for-trade (very common among OTC and Pink Sheet stocks), however, may and usually DOES occur WITHOUT the DTCC having placed a GLOBAL LOCK on the subject stock. HENCE, WHERE THE DTCC HAS NOT PLACED A GLOBAL LOCK ON ATTD, ATTD IS NOT AND CANNOT BE ON THE DTCC CHILL LIST.
Thus, a stock on global lock will be on trade-for-trade; however, that does NOT conversely mean that the DTCC globally locks (and subsequently chills) all trade-for-trade stocks. The logical syllogism upon which you rely thus proves fallacious.
Again, INCORRECT SIR. CUSIP exiting the CNS results in ATTD being on a quite commonplace OTC TRADE-FOR-TRADE list. Such OTC abundant trade-for-trade lists (and the stocks on them) do NOT consititute the parameters required for banishment by the private, non-governmental entity DTCC onto its much more severly restrictive DTCC CHILL LIST.
NO... incorrect, sir. You post a "run of the mill" TRADE-FOR-TRADE list, which is NOT the infamous DTCC CHILL LIST. ATTD IS NOT ON THE DTCC CHILL LIST. Period. End of paragraph.
I sincerely hope so! *crosses fingers*
Can you please post the actual text of the T.D. Ameritrade notice pertaining to ATTD purportedly now appearing on the DTCC Chill List (i.e., NOT the trade-for-trade list, the CHILL LIST)? Thanks.
I agree both Roy and ATTD hoped, even expected, that ATTD's revenues/profits would cover the various convertible notes coming due in the next few months. However, yesterday's reported net revenues for the ATTD quarter ending December 31, 2011, came in at only $40,171.00, with product and shipping costs bitting $34,073 out of that $40K. The result: only $6,098.00 in gross profit. Moreover, ATTD took a net loss from last quarter's operations of $498,811.00. (ATTD 10Q for Quarter Ending December 31, 2011, p. 3.)
Thus, please examine my premises...
First, the $40K net revenue figure came in lower than I believe Roy had forecast (and the $498K net loss much higher than he calculated). For instance, even I had (incorrectly) projected at least $150,000.00 in net revenues with a net operations loss below $100K. Second, within just the next few months, $5.63 million in convertible notes come due - most of those maturing next month. (Id., at p. 13) Third, while I expect this quarter's net revenue to smash and make look silly last quarter's paltry $40K, I must admit that I do not see even this and next quarter bringing in gross (much less net) profits anywhere close to the $5.63 million dollar range. Fourth, $5.63 million in those notes coming due fast, at the current 20 EMA of ~ $0.0051 per share, would require 1.1 billion shares from the A/S to satisfy [ineed, even at a hypothetical $0.0091 per share, 618.6 million shares would still be needed from the A/S]. Fifth, the ATTD current A/S only has about 490 million shares left (i.e., at its current 1 billion total with approx. 510 million shares already outstanding).
Hence, my conclusion that ATTD will almost certainly have to increase its A/S within the next month or so.
Actualy, only 23 cases so far... which means my family and I have gone through almost 276 bottles of Phase III® in just the past 150 days! LOL.
Oh, yes... that elite bunch of self-informed, due diligence addicts likely already foresaw a likely A/S increase. However, I maintain that group of shareholders constitutes, perhaps, 10% of the aggregate shareholders. My notice went out to the other 90% and to the ATTD critics who NOW know that slamming ATTD with doomsday predictions regarding the A/S shall become pedantic, at best.
Did you not understand this post or just not see it: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72400726 ? I'll PM you if you need.
509 million shares outstanding... but that was a few days ago.
My friend, ATTD already made strong toeholds in the Northeast in 2011, especially in the New England markets. ATTD just needs to use those toeholds to gain more ground and pervade the entire Northest market. IMHO, California - the nation's most populous and arguably most health-crazed state - should pop up as the next primary target. We Californians love our health and recovery products!!!
No doubts about that! Hopefully I am wrong... I'd LOVE to be wrong on this!
I do NOT employ "scare" tactics. If you knew 10% of my trading history with ATTD, you would know at least that much. (See, e.g., http://investorshub.advfn.com/boards/boardposters.aspx?boardid=15276 ; see also ATTD iBox, the format of which I designed.) I DO employ preparatory measures so that if something happens such as an A/S increase, the PPS will not tank and critics will find themselves cut off at the knees from my having already "drawn the string." Accordingly, I kindly ask you not to impune my integrity. I am a dedicated ATTD shareholder, and those who no me would never question my motives.
We all have access to the ATTD TA. The TA contact information is as follows.
Pacific Stock Transfer
Las Vegas, Nevada
(702) 361-3033
I hope you're right. Nevertheless, after analyzing ATTD for a long, long time - including having my friend, Roy Warren (CEO), available for the opportunity of an occasional sounding board - I foresee that ATTD will almost certainly have to do something along the lines of an A/S increase or, alternatively, an R/S. I pray the R/S alternative is out of the question. Hence, an A/S increase seems more likely than not. Study and analyze yesterday's released 10Q - all 69 pages of it - and with a good dose of deductive reasoning you will probably reach the same conclusion.
P.S. Note also that I did NOT said ATTD "will for certain" run an A/S increase, only that it's almost certain.
You cannot know that. For instance, there are many casual ATTD shareholders that may only occasionally glance at this board and ATTD goings-on. Assuming 100% information acquisition and concordant analysis by even a majority (i.e., as opposed to 100%) of ATTD shareholders and traders proves rather reckless, IMHO.
I would surely hope it is; if not, however, it needs to be done sooner than later... for ATTD's overall trading health.
IMPORTANT: FAIR NOTICE TO FELLOW ATTD iHUBBERS...
As most of you know, I fervently support ATTD and hold a significant number of shares (putting my money where my mouth is). Nevertheless, my fondness for ATTD and its long-term prospects do not blind my analytical observations. Thus, in order to stave off shock or panic selling, I humbly request that you please note the following.
ATTD WILL ALMOST CERTAINLY HAVE TO INCREASE ITS AUTHORIZE SHARE COUNT (A/S) WITHIN THE NEXT MONTH OR SO. The convertible notes coming due in March and beyond - compared with the current O/S of 500+ million shares and the current A/S of 1 billion shares - make this fact all but a certain, albeit necessary, evil. OF CRUCIAL IMPORTANCE: DO NOT BE SURPRISED WHEN THE ATTD A/S INCREASE HAPPENS SO AS TO AVOID PANIC SELLING. Instead, price the pending A/S increase into the trading NOW.
As to ATTD's long-term PPS performance, this pending A/S increase will fade in magnitude of impact. Chalk it up to growing pains and work your trading around it for now. I believe that in time (e.g., one-two years ahead) ATTD will execute a large share buyback to help correct the pending A/S increase. GLTA.
2011's ATTD THIRD-QUARTER NET-REVENUES INCREASED 2032.94% OVER 2010's third-quarter!!! Damn! That'll likely keep pace so that by next year's fiscal third quarter (i.e., fiscal third quarter ending December 31, 2012) another approx. 2000% increase would bring 2012's third quarter's net revenues up into the $825,000.00 quarterly range!!! :D
Folks appear confused. REMEMBER: ATTD SCORED ITS MOST GIANORMUS AND HUGE CONTRACTS (e.g., Walgreen's, Sam's Mart) AFTER THE DATE ENDING THIS RECENT 10Q PERIOD. Hence, the revenues that will roll in over 2012 will almost certainly eliminate all outstanding ATTD debt.
The only triple zeros ATTD's PPS is going to see a few years down the line will come AFTER a number like "1" and BEFORE the decimal point. ;)
ATTD SHAREHOLDERS SHOULD HELP OUR COMPANY...
INTRODUCTION
Europa Sports Products™ holds the coveted spot of THE largest distributor of health/recovery drinks to fitness centers and gyms for internal sales across the United States. Just lately Europa began to take a hard look at ATTD and its PHASE III® Recovery Beverage for possible distribution... NATIONWIDE.
NEXT STEP TOWARD NATIONAL CONTRACTS
This "hard look" at PHASE III® by Europa resulted from their customers (e.g., national and regional fitness centers) asking Europa about PHASE III®. All Europa needs to authorize the distribution of PHASE III® is proof of sufficient demand!
SHAREHOLDERS CAN SEAL THE DEAL!
ATTD shareholders (e.g., WISE IHUBBERS) can REALLY assist here by contacting the vendor/retail beverage product managers for our respective fitness centers and gyms to ask each of them to request that Europa (who supplies most fitness centers with fitness beverages) offer PHASE III®. At the very LEAST... call, write, or e-mail the upper management of your fitness center(s) and gym(s) to request, specifically, that they stock Attitude Drinks Inc.'s PHASE III® Recovery Beverage! Talk the product up too... make the sale... seal the deal!
AS SHAREHOLDERS, WE HAVE A SOMEWHAT UNUSUAL OPPORTUNITY HERE TO TAKE ACTION THAT CAN TRULY MAKE A DIFFERENCE FOR OUR COMPANY!!! SEIZE THE OPPORTUNITY!!! TAKE ACTION - SEAL THE DEAL!!!
ATTD is all about its FUTURE, which is filled with exponetially increasing contracts, revenues, and profits. We must not drag around with our behinds in the past... that can cause painful splinching - among other horrors! ATTD will rise over the coming year like a Phoenix! $$$ will be made by investors buying on the dips NOW. So when ATTD drops below the 1/2-cent per share mark... BUY, BUY, BUY!!!
Such purchases now will reap H U G E returns over the next several months and, for the truly visionary, several years too! ATTD is indeed one of the "rockinest" stocks of the decade!!!
sssneo did ATTD right tonight! kudos for the dedication to this growth stock. long term vision will reap huge profits with ATTD!
I am not wrong. I am right.
A nice new investor with an entry price above today's close!!!
There is much wisdom, foresight, and truth about ATTD in these simple words. Nice post!
ATTD's exponentially increasing product revenue will soon eclipse the need for convertible notes funding, which will put and end to convertible note holders negatively diluting the O/S... all in the not too far future for ATTD. BUY on the DIPS.
All those people that told you to buy forgot that the BEST time to buy ATTD is on the dips, not the pumps! If ATTD is in the 4s tomorrow, I'll be buying... no doubt about it!
Perhaps, if one hadn't done one's DD. If one had, the 10Q actually had very few surprises. ATTD is a developmental company having normal growing pains. These "growing pains," however, shall pass!
THAT WOULD BE BOAT-LOADING TIME!!!
Well then, let's get those damn buyers in here!!!
The 10Q created a fair deal of panic selling, IMHO. Penny stock investors cannot afford too much risk these days with the amount of crap that goes on out there, despite the fact that ATTD is truly exceptional.
THIS DROP? Not likely from dilution. Flippers/Profit Takers just doin' what they do most likely.