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Agreed, Ed's primary focus is going to be generating revenue to get the share price requirement for NASDAQ up listing rather than a simple RS to get there which isn't going to increase shareholder value.
Revenue is much more important, with increased revenue the shareprice will follow, allowing a "Natural" up listing. A RS is just "MakeUp" that fades away.
Why would you suggest that Ed Starr's is that greedy?
We are all trying to become wealthy but do you really think Ed is trying to hold enough shares to become the richest man in the world, starting from nothing to passing Bill Gates in just a couple years? He is trying to build a successful company & live the American dream like the rest of us, I may be wrong in thinking that Ed would be more than satisfied with a few hundred million dollars instead of thinking he's trying to hold all his shares to become a multi billionaire.
What's your take?
Don't forget about revenue, market cap, & net loss requirements to uplist to NASDAQ.
The $4 share price is just one part, the companies also need to meet certain requirements for the previous 3 years of operation.
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
http://www.investopedia.com/ask/answers/121.asp
Ed created those 3B shares to make sure a hostile takeover would never happen, Ed did not Award himself those shares, big difference.
Ed could retire the rest of his 2B & still be the majority shareholder because of his 1 series A preferred share.
Next PR could be in mid May if you look at past releases, about every 2 months.
MCET
How about NO REVERSE SPLIT & Ed retires 1.6Billion of his 2B shares.
He'd have 400M shares left & shareholders keep all their shares.
After a 5-1 Reverse Split Eds portfolio still shrinks down to 400M shares, as does ours too.
An RS is a last resort. Ed would rather exhaust all avail options through share buy backs & retiring before thinking about a RS.
To remind people that no investment, no matter how great is susceptible to failure.
When financials are audited that last statement will be removed.
715K would take this past .05.....if you wanted to :)
If your getting tired imagine how the weak hands feel. Ed surely doesn't want to bring any weak minded along for the ride.
We should continue off of the TTDZ chart.
It's still the same chart & company just a different symbol. After name change TTDZ will no longer exist or have it's own chart, everything gets carried over.
"In April, 2014 the Company hired the Law Firm of Adam S. Tracy, J.D. M.B.A. Attorney at Law to remove the DTC Chill from the TGGI stock."
I can respect this! Taking steps in the right direction finally.
Thanks for the help getting it removed.
Calkin is a successful business man, he knows that to get to $1 either he has the business plan to bring in $4M a month in revenue OR buying back & retiring shares.
We won't know until the boss PR's his big plan, until then it's all valid speculation: Anywhere from .0001-$10 by EOY.
TTDZ
Only 23 days till MJ-Pay Apple/Android App Launch
http://www.mj-pay.com/
$MYEC MyECheck
Look at the 52w high & low for all MMJ stocks then you'll see this run hasn't started.
http://marijuanaindex.org/
TTDZ
Just a smart investor with over 1,000 followers. He has put out an alert to his followers that MYEC is a MUST HAVE in your portfolio.
He's put a $6.75 price target on MYEC, no specific timeframe (obviously long term).
https://mobile.twitter.com/DDRANTE
https://www.twitter.com/DDRANTE
They will probably get shares at a par value of .0001
4.7B shares. They will however only convert enough to cover the $470K & balance of extra shares returned.
If we're at .01 they only need to convert 47M
They need enough shares to cover the debt in a worst case scenario.
TGGI
"How do I know when my customer has paid or when a transaction has cleared?"
(MyECheck transactions are declined or accepted instantly pending available funds & passing anti fraud security checks)
"TheECheck.com notifies you of every transaction via email. TheECheck.com Account Manager also provides you with an easy to read summary of all transactions processed and their respective status. Additionally, you can view a payment history for each of your customers within TheECheck.com."
"How long does it take for funds to be deposited into my account?"
(MyECheck funds are deposited in 1-3 seconds or at the latest next day)
TheECheck: "Funds are typically deposited into your account within two business days."
This would be a great partner. They currently use ACH, looks like Ed is in talks to get them switched over to Check 21 eCheck.
https://theecheck.com/index.php/faqs/
MYEC
Do you only read PR's or do you go to OTC Markets to read financial reports? (If your going to invest in pennies, learning how to read the filings on www.OTCMARKETS.com is critical)
Every dollar coming in & going out is clearly explained here: http://www.otcmarkets.com/financialReportViewer?symbol=MYEC&id=118175
It's still the same job you had before, it's just that our patience grows thinner as MYEC grows stronger.
I honestly loved my job....Until MYEC took over :)
If your company had 100,000 in revenue & a debt of 1,000,000 that was forgiven, your income for that year would be $1,100,000 even though you only generated 100K from revenue.
Focus on that last sentence, it counts as revenue & adds to profit.
"For the twelve months ended December 31, 2013, net profit was $1,018,693 with revenue from operations at $439,233. Total liabilities were reduced by $718,365."
Exactly my point
An S-1 takes over 972 hours
A 10-12G only takes 1 month
Even the company I posted had to file several 10-12G/A's before all the numbers added up, still only took 2 months, wasn't difficult.
A 10-12G is much easier than an S-1 for a new registering entity.
This company filed a 10-12G 2 years after a 15-12G, 2 months later it was fully SEC reporting again.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001011662&owner=exclude&count=40&hidefilings=0
Why would luck be needed? Only documents are needed to file a 10-12G.
http://www.investopedia.com/terms/s/sec-form-10-12g.asp
Ed only needs to file a form 10-12G with the required documents to the SEC to re-register.
Now that we know what needs to be done we can ask Ed what his plans are going forward. I think Ed is waiting on revenue to get some things squared away before filing IMO.
Hope someone is recording video. Please share if you do.
TTDZ
If TTDZ hits .54 that would be the equivalent of buying GOOGLE at 10 cents.
It's going to happen before 3Q2014
GCBD
$1 by EOY
It took several amendments of the 10-12G to get all the registration filings squared away, they started in 8/2013 & went current in 10/2013 so it only took 2 months with many errors on GDSI's part.
Once Ed files 10-12G it should only take 3-4 weeks for the SEC to review the accuracy of all documents. If there are no errors then we'd be fully registered in 3 days.
Here's the SEC link
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001011662&owner=exclude&count=40&hidefilings=0
The company filed registration termination form 15-12G on 6/2011 went dark until 8/2013 when they filed the registration of securities 10-12G (total of 42 documents)
When the S-1 is filed it should show up here. https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001347004&type=&dateb=&owner=exclude&start=0&count=40
We do not know if a new S1 is required, there may be an alternative form that is easier & faster to re-register since we are not a brand new company. All previous forms are already listed, I'm sure Ed knows what is required & is taking the required steps to become current with the SEC.
Would love to hear his plan on this as would all shareholders, it would help tremendously.
DDRANTE putting a BUY on MYEC with a $6.75 price target.
"If I can forecast Macro economy such as Dow Jones and S&P against all the contrarian's at street. Watch my take on MYEC. 6.75 min..
DDRANTE"
https://mobile.twitter.com/DDRANTE/tweets
https://www.twitter.com/DDRANTE/tweets
Great read, thanks for quickly putting that together for the weekend.
Greatest Seeking Alpha article EVER!!
It REMINDS you what you own & where we came from, sometimes it's easy to get emotional about your investment & forget.
MYEC
Thanks for sharing your experience meeting our new CEO.
Wonderful times ahead, only a short time to load up before the Captain speaks his vision, after that we may approach .25 rather quickly combined with name change & current status.
TTDZ GCBD
NoOne will become a millionaire investing in HESG :( only the con artist CEO gets rich here.
We are concerned of payment conventions & think Ed can greatly benefit from being at some in the future.
We are not concerned with ACH Payment conventions though, sorry.
MyECheck is the 21st Century.
ACH is ancient technology.
Buying all I can before Q1. Will be interesting to see how many newbs are actually invested here, if we drop then we have a bunch of them still that know not what they own. If we go green all next week as I anticipate means the float is held by strong longs that know we are on the way to NAZ next year.
Either way longs win in the long run
MYEC