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S.C.; I don't see why not...employee profit-sharing is an entirely reasonable assumption on your part , from what I can see. I'm also hoping that as has been proposed here by others, these increases are directly related to valid acquisitions increasing SARO's potential profits. Although not accounting for all these increases, their last (7/10) 'Proxy' statement said as much ...see last paragraph;
Authorized Capital
The total number of shares which the corporation is authorized to issue is four billion five hundred fifty million (4,550,000,000), consisting of four billion five hundred million (4,500,000,000) shares of common stock having a par value of $0.001 per share and fifty million (50,000,000) of blank check preferred stock having a par value of $0.001 per share.
The total number of shares that this Corporation is authorized to issue is five billion (5,000,000,000), consisting of 4,950,000,000 shares of common stock of the Corporation (the “Common Stock”) having a par value of $0.001 per share and 50,000,000 shares of “blank check” preferred stock of the Corporation (the “Preferred Stock”) having a par value of $0.001 per share. The Common Stock is subject to the rights and preferences of the Preferred Stock as set forth below.
Please note: the number of common stock shares were increased by 400,000,000 in order to effectuate the Company’s business objectives.
SARO;Better days ahead(imo)...not pumping,just trying to keep things in perspective. Based on Thursday's mini-run, I think we were all expecting some sort of big PR....instead we got a re-statement of something we already knew...so what. I don't think Fridays PR was what drove Thursdays trading...I suspect that aren't so stupid as to buy-in only 1 day before it 'pops'. I suspect something more significant is around the corner, based on my vision of the 'law of probabilities' here. They now have diversified operational 'bricks-&-mortar' holdings and construction is finally picking-up & unless people stop needing plumbing and HVAC, things are now, 'looking-up'. I know for a fact that they are aware of 'our concerns', having received an e-mail from F.B. acknowledging receipt of my 'list of stockholder concerns' to him....hopefully, these will be addressed to our satisfaction in the 'near' future.
Near as I can figure, the 'only' reason SARO hasn't performed as we all expected after the merger was that official 'proof' of their newly acquired assets profitability (especially as related to Assoc. Mech.) is required before the big $$ comes in. When will that happen ? Per their merger PR, they stated that there would be validation (not a quote) coming in +/_ 1 month from that announcement (or words to that affect). I also pulled the following off of their last (7/10) 'Proxy' statement:
VIII.
ANNUAL REPORT TO STOCKHOLDERS: FORM 10K
The Company filed Form NT 10-K, Notification of inability to timely file Annual Report on Form 10K on December 30, 2008 with the Securities and Exchange Commission for the fiscal year ended December 31, 2008, and has been unable to file all current quarterly reports on Form 10Q. The Company expects to file all current quarterly reports on Form 10Q within the next few months. All filed reports, financial statements and exhibits are available at the Securities and Exchange Commission's Internet website at www.sec.gov .
I suspect that this delay is understandable , given the fact they need time to get-a-handle on their newly acquired conglomeration.
Bottom line; I think we 'may' have to think in terms of a few 'months' instead of 'days' , before this thing 'pops' the way we all expect. I'm looking at this as a 'lottery ticket' w/ fairly good odds in 'our' favor. AIMO & GLTA
Sentinel info; 4 what its worth, probably already posted but if not, here's their Maryland SOS filing.... 4 reference.
http://sdatcert3.resiusa.org/UCC-Charter/ViewDoc.asp?Film=&Folio=&Pages=2&Date=09/17/2008&Ack=1000361996959973&Domain=Charter&ID=T00286253&Name=SENTINEL%20RENEWABLE%20ENERGIES&source=1
Saw that 1.24 buy too....showed-up on my Schwab board@4:02.
Ready-Set-Lay it on us.......
Most excellent DD Scarecow, my compliments.
Seems like they said the same thing (as I recall) about those 'un-accounted"for 300MM shares that were supposed to have been withdrawn from the O/S.
Whatever the case, this supposed 'divy' giveaway is a 'non-event' at best....the more shares on the market, the less each share is worth. Zero net gain/loss. I'll take 'proof' of their claims anyday over this 'chippie'.
imo
The h@ll w/beliefs,faith & conjecture..we want "PROOF" !!
Somethings happening, don't know what but its looking good..hoping 4 the best here. Would love to wake-up to a nice $$$$$ surprise ---- "surprise" us already !
Welcome aboard.
Speaking of "BS"..I've always been curious as to why the longs here are so comfortable w/ accepting as 'fact', unsubstantiated statements made by somebody who's initials are "BS" , let alone continually refer to him as "BS".
Is that a Freudian thing or what !?!
I'm 'dead serious'...look at the chart 4 'proof' of what I say...deny that !
Yes; it does !
Regarding todays events;Post#67151...Speaks 4 the vaste majority of us here.
I'm no fan of Ogclips' but he is right on the money with that post regarding todays dismal events. Instead of trying to irrationally-rationalize the upside to todays disaster, we should be speaking in concert w/ Ogclip. Until that happens I fear that, nothing will change (except 4 the worse).
imo
"Wasted";A perfectly good"Golden Cross"...AGAIN; WE WANT PROOF !!
Thanx for the "Chippie" but , where's the "Meat" ?
There you guys go again , trying to let this guy off-the-hook w/ that bogus tail-wagging-the-dog psychology. The 'facts' are that other than the SRE thing (and in terms of verified 'proof') , we don't know anymore than we did a month ago.
Things like: The address of the 75,000sf facility , filings , some financials , contracts , executed agreements & permits , funding etc etc .... anything "substantive & meaningful" that can be independently verified. You can wag this dog all day long but that won't change anything until "we get PROOF" !!!
Not just my opinion !
Golden Cross; flushed-down toilet; plumber needed....
DOLPHY; Glad you didn't sell the other day (I thought you did)..I know your anguish though; another day like this & I'll finally be back to my .0023 buy-in PPS. Still , I have great hopes for this stock---that is of course, unless people stop needing HVAC & plumbing (not likely). There e-monitoring biz has promise as well.
My Schwab Streetsmart board shows a .0032 close...as opposed to the .0030 shown here.
Yo' DOLPHY, what do you think of them (+42%) apples ? Patience pays !
Thatsa' mo' betta'....no reason this should trade in the .000's
These are some pretty smart guys here that engineer their innovative product line...from what I've seen & read, they're the Google boys of green energy....cooking-up these fantastic contraptions in their garage. In case you haven't done your DD on these guys, check-out their website....this algae bio-reactor is only one , of an entire line of impressive power generating innovations. Very impressive !
IMO
This stock needs some publicity...need more eyes here.
Whats w/ the huge spread...been swinging wild back & forth between .19 & .25 all day. Maybe MM's getting caught 'short' & people putting in "Market Orders" w/ no limits...not a good idea, at all, ever !
TB; know what you mean..on both accounts
No Worries & GLTUA
Schmed; that pinksheets warning has been on there for quite some time now..nothings changed. I distinctly remember seeing this a few months ago when I did my original DD & it was still there 2 weeks ago (the last time I checked). The pinksheets symbol system classifies SYNJ as: "Stop--Pinksheets No Information".
http://www.pinksheets.com/pink/otcguide/investors_market_tiers.jsp
This merely signifies that a company has failed to (or is unwilling to) submit the proper filings or disclosures to step-up into a better classification.
Just as in providing up-to-date filings , If Brian had complied w/ this provision at this point , his cover ("cards-close-to-the-chest" ) would have been blown. The cat would be out of the bag. Inconsistent w/ SYNJ's game-plan.
Although I'd obviously prefer to put my $$ into a stock that can be DD'd properly (10K's & Q's etc) , this is a big reason in why this stock is so affordable and in my mind , worth the risk.
Who's to blame....Enforcement actions.........I also found this relevant post on another board. In addition to the negative (MM shorts) trading transactions I posted earlier, this re-post gives us an idea of who's to blame & what can be done about it. Near as I can tell, it also explains SARO's inclusion on the SHO list .... again; nothing that is within FasTechs control (or responsible for).
......................................................................................................................................
Well these MM's might be thinking twice now on whether or not to short. Check this out:
Quote:
Aug 5, 2009, 3:11 p.m. EST
SEC charges traders for 'naked' short violations
By Ronald D. Orol
WASHINGTON (MarketWatch) - The Securities and Exchange Commission on Wednesday took its first enforcement action for violations of the agency's rules seeking to prevent naked short selling, an abuse considered a key contributor to the financial crisis. The agency charged two options traders, Hazen Capital Management LLC and TJM Proprietary Trading LLC, and their broker-dealers for the violations. Naked short selling is the practice of selling a stock short without first borrowing the security or ensuring that the security can be borrowed as is done in a conventional short sale. The firms and individuals agreed to settle the agency's charges without admitting or denying the findings.
http://www.marketwatch.com/story/sec-charges-traders-for-naked-short-violations-2009-08-05
masco23; Thx. 4 re-posting that MM post...I took the liberty of posting it on the SARO board as well since the 'shorts-gone-wrong' scenario described fits the bizarre negative trading activity on the SARO board to the letter....
thx. again
MM's & 'shorts'..in their own words...I found this on another board & w/ all this fixation w/ 'shorts' going on here on the SARO board lately , I figured you might all be interested in how things 'really' work in the pinks (as I was). You'll also likely note that the scenarios described below have a striking similarity to SARO's bizarre trading activity since the last PR .... something that is beyond FasTech's control.
P.S. On a related subject; I'd make a point of heeding 'cjschans' comments to ERoche in post#5355....if 'cjschan' is who I think he is...he speaks w/1st hand insider knowledge (perhaps even to the point of speaking on FasTechs behalf...a supposition I take comfort in). AIMO
O.K.; now for the lesson in 'shorts' by a former MM...in his own words.
..................................................................................................................................
posted by Rager
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."
Bought 'more'......
WTWO; the"other"algae bio-reactor trade...not to mention their other impressively innovative 'green-power' products. Check it out.
10Q on 8/14...from what I hear. eom
Put another way; Would a wise person buy 'more' ?
Been there, done that.....unless...hmmm...lets see here
Could it be 1 of the following ?:
*build Blackhawk rocketships
*start a space tourist biz
*retrieving used rockets from outer space
*provide Madoff & Cheney w/ a 1-way trip to the Sun
*build homes out of used rocket carcasses
*promote a 'rock' band called the Klingons
---or perhaps justl;
*promote a topless Rockettes review in Vegas (I vote 4 this one)
Close ?
trader111; Whats that you say?.... Another hint pls. !
No 'snibbling' allowed...take it somewhere else...we're 'workin' here'.
Don't lose all hope here guys...logic would dictate that they wouldn't have gone thru all the trouble, expense & hiring a (somewhat hi-cost) PR firm to 'clean-up' a shell , only to be left w/ a useless website w/ no reason for its existence. If this were just a pump/dump , they could have done that by just 'making-stuff-up' in an old 'dirty' shell.
No , (imo) there's something else (I know not what) amiss here...something that would pay for all this (other than our low-value influx of cash). Perhaps the Hemiwedge connection will lead to something special.
Don't get me wrong; I came in late as well & am down 60%...too deep to quit now.
We'll see ; hopefully in the upcoming 10Q --- keeping my fingers crossed here.
Interesting, innovative product-line this company has...I'm 'in'.
more 200 buys ... at the higher PPS
There's 1 of those 200 buys again ... a sign ?
Schmedrickk; the last Sunsi trade was on 6/18/09...I seem to recall that there was some odd activity on that date with only 'one' trade that took SSIE from a very low PPS to $2.--+ in fell swoop. Although I'm admittedly a newbie , I've seen those odd trades before and haven't figured-out 'what thats all about & how it works'. It seemed to revolve around somebody cashing-in their insider shares ( see the last SSIE Form 4 ). Although this is all very odd , I noted that the reporting party was none other than "World Asset Mngmt." (a division of Coamerica Bank). That wasn't the 1st time I saw WAM in-directly mentioned in my SYNJ DD and is part of the reason I'm still holding here.
In the end , I don't know what to make of Sunsi at all....who are they, what do they do and do they make any $$ doing it....not to mention their relationship w/ SYNJ.
Still learning here.
AIMO