Wasn't there supposed to be a "promotion" when AFBG went public?

And what did that do for the stock?

So you're saying they're now going to do a promotion for AACS?

I guess we're just going to have to agree to disagree on this point.

Because you see, from my viewpoint, a promotion would be to haul some Chariots to the Sturgis Mototcycle Rally. They've had several opportunities to go to this show and ~40 others across the country. The furthest they've ever traveled is to Myrtle Beach, ONCE. And have they ever done any promotion for the bass boats or the repo rods? Not that I am aware of. They have always seemed to "drop the ball at the 2-yard line".

The products that they make have the unique property that you can move them to where the customers are, to show them, and hopefully to get orders. It worked before. But they abandoned this approach, for whatever reason. Why?

But what do you do about IMW and AFBG? These are basicly service providers that operate at a fixed location. I guess a promotion would be to send out brochures. Right?

The one factor that has saved the shareholders is that they've never really messed with the share structure. When I bought in it was about 250M shares O/S and now it's about 266M shares. Miniscule dilution, and as I recall, it was for a sound business reason.

So suppose the word "promotion" means something completely different THIS time. It would seem that they still have to come up with some cash to setup the physical plant for AFBG to start recycling. What will that cost and where will the money come from?

My perception is that the longer I hold this position without generating a reasonable ROI then the riskier and costlier it becomes. Others may have a completely different viewpoint, and I certainly do respect that.

Good Luck.

bbd

I finished selling the ones I wanted to sell.

About 10% of my position and I have plenty left.

How about you?

bbd

This is a BIG STEP in the right direction.

Now if they can get an outside auditor to vouch for it, and file it with the SEC, then we will have something we (shareholders) can count on as credible. The SEC filing is critical.

Every current shareholder should take a few minutes to download this document and read it thru. I'm saving my copy because there is no guarentee it will be available later, and it might change.

It looks like they are now claiming $27M as net income for the previous 9 months, when the fact is they just recently acquired this new company. That looks a little strange to me. But I will just assume it is proper accounting.

Anyway, READ THIS DOCUMENT and decide for yourself.

Good Luck.

bbd

The stock still seems to be trading under the old symbol CMCA.

When will this change over be official?

bbd

I could not help but view this rally as the once-a-year selling opportunity.

From my viewpoint, now I've got 12 months to replace the shares I just sold, at a 70% discount. I still need to average down as I've been in the red since the day I bought in 4+ years ago.

I've still got enough shares left that I will get a piece of AFBG as a dividend. But 1 for 2500 doesn't excite me very much.

And the way things are going here it wouldn't suprise me if the dividend shares turn out to be 2yr RESTRICTED. That's the way other companys have done it. And I think they have a lot more AFBG shares to be issued. So the shares may end up being just another line-item in my portfolio that I can't do anything with.

And now that Chariot appears to no longer be part of the AACS mix my original reason for owning this is now completely gone. Perhaps the basic idea that management is pushing is that we should all rotate out of AACS over to AFBG. Perhaps they're just going to let the old corporation atrophy.

We all knew the dividend (or something like it) was coming. So this is anticlimactic and somewhat of a disappointment for me. And I'm pretty certain I'm not alone in this opinion.

All just my opinion... Good Luck.

bbd

Ben "opens his mouth" ONLY to change feet.

LOL

bbd

danarf1, Well said!

But of course, whenever you're dealing with major criminals there is always big risk.

And by criminals, I mean the FDIC and JP Morgan Bank, working in conlusion to perpetrate a major fraud. Probably the biggest white-collar crime I have ever witnessed. And far worse than Enron because the Gov is directly involved.

Now, on the other side, you have Washington Mutual Bank. I am probably one of the very few posters here who have been their happy customer for over a decade. I can confirm that this is (was) a really great bank, with an outstanding reputation.

But now this bank is history: BLOWN AWAY.

Two things have happened to me. I am no longer a WaMu Bank customer but I am now a shareholder. One situation drove me into the other. Ironic!

And as a long-time penny stock player, I see this as one of the all-time best opportunities I have ever encountered. If I hadn't been a WaMu customer, most likely, I wouldn't be here now.

Good Luck to ALL Longs.

bbd

koolmc, "...they have to pay of the creditors?"

NO, that is not entirely true.

ONLY if the creditors demand it. Keep in mind the creditors are earning interest on their money loaned to WaMu. It could be full payment, partial, or none.

The BK process is all about making the determination of who owes what to whom and who gets paid, when, and how much. This is all yet-to-be-determined.

This has been discussed on this forum over and over, ad infinitum. One more time...

You start with the $32B in assets. You subtract out the $8B in debt (as per the BK court filing). Then you pay off the perferred shareholders. And that leaves about $17B to be divided between the 1.4 billion shares of the common. You can do the math from there.

The general estimate is that this stock is "valued" at between $2.25 and $8 per share. The difference in $ value depends on whether WaMu gets the $5B on deposit at JPM returned, or not. Although WaMu doesn't have physical posession of the $5B it looks like there is official acknowledgement that it does belong to them. And NO, I don't have a link... Do you own DD.

IMO, This scenario I described is the "general consensus" of the situation on THIS forum among the LONGS. The non-owners and the shorts may disagree. Now if I'm wrong PLEASE point it out, as I am here to learn the value of what I now own.

All just my opinion... Good Luck.

bbd

oregon 1, You say: "This is a dead stock."

Yeah, sure it is.

And how large is your short position?

LOL

bbd

Raindrop503, Congratulations on securing your profit.

A little bit of irony... JP Morgan once said:

"No one ever went broke taking a profit."


I can't fault your decision. "Sell and go away to live and trade another day."

LOL

bbd

koolmc, I played the UAL (United Airlines) BK years ago.

In that case their debts exceeded their assets by a wide margin. Yet the PPS bounced around between .03 and .98 for months. Those holding at the end lost out, like in the game of Musical Chairs.

But that is NOT the case with WaMu; not even close.

WaMu voluntarily entered BK as a way of protecting their assets. It was totally defensive in nature.
And this was because they were being "attacked" by an unbeatable enemy: the FDIC working with JPM.

I am really suprised you understand SO LITTLE about this situation.

bbd

koolmc, There is NO WAY that will happen.

Chapter 11 Bankrupcy is NOT a Get Rich Quick scheme for companies.

It is a process for settling accounts.

Do you really think that WaMu can exit BK and keep the $17B while writing off the common stock to ZERO?

Ain't gonna happen, pal.

bbd

Ogclip, "Bidders size increasing now..."

And the trade lot size going by are getting smallish again.

I think the MM's might be trying to start a stampede here.

I can't see the L2 MM lineup, but I do see the T&S and RT chart.

bbd

rheddle, There were important motions submitted in the BK court on Friday.

I would guess that they are being mulled over (considered and argued) yesterday and today.

So tomorrow we MIGHT get some preliminary finding that would immediately morph into NEWS.

I predict that Wed will be the turning point in the PPS movement, based on news forth coming.

JPM is already being sued from another direction. Whereas, JPM and WaMu have agreed to NOT sue each other for the immediate short-term, and to give each other 2-days notice, to take of keep the $5B. So that's in the air, too. I would guess that JPM would want to fast-track the BK court proceedings since their legal plate is already full.

I "smell" news coming.

bbd

alynnb, "Any specific reason for this drop?"

Well, it certainly can't be "gravity".

Most likely because the market SUCKS!

bbd

Yesterday, there were many hundreds of small trades streaming quickly by...

...in the 100, 200, ... 600 size, etc.

Today, it's very different. The pace has slowed substantially but the average block size is WAY up, like 10X.

Yesterday there was massive distribution and profit taking, whereas today there is stealth accumulation going on.

I think .11 is just about the bottom here.

Chart still showning way OVERSOLD:

http://stockcharts.com/h-sc/ui?s=WAMUQ&p=D&yr=0&mn=3&dy=0&id=p64087881032

And I think we are due for some news here.

All just my opinion...

bbd

The rats are leaving the ship.

Great! More for me to munch on.

It traded up to .013 yesterday, and now it's at .01

That's NOT up 33%, that's DOWN.

That PR is full of factual distortions.

I wouldn't believe them any more than I would believe Diamant.

For example:

"PGOG has stepped in to take over leadership of this $5 Billion market segment, with no visible competition."

That's just pure marketing hype and false on the face of it. I suppose their use of "visible competition" is their disclaimer. They always put something in there to get them off the hook. And apparently they're partnered with a much larger company, so that's supposed to make them credible, in spite of BS PR's like this one. DeJa Vu all over again!


Well, here's a private company in Oregon that has been producing BIO bags for quite some time:

http://www.biogroupusa.com/

They claim: "BioBag is the world’s largest brand of 100% biodegradable and 100% compostable bags and films..."


So I find it quite interesting that PGOG has never heard of them, I guess because they are "invisible". Or maybe because they just haven't done any proper DD? These folks must be copying Stefan's style.

LMFAO

bbd

The PPS doubled BEFORE this recent news (CEO letter) came out.

That disturbes me somewhat, that there is an info leak like that.

Fortunately, this time, it was good news so the the PPS went way up (doubled) on NO NEWS. Then went further yet when the actual news came out. UP is good, so I'm not complaining.

But what will happen the NEXT time, when the news might be bad? Are the shareholders going to be the last to know? It sure looks like it.

I've always viewed this as a "safe" stock, but not so much now. Leaks like this, where insiders get to move first, substantially increases the risk for outside shareholders.

And I'm not even going to comment about this measely dividend.

Just my opinion...

bbd

Maybe they should change the name to WorkBev

zardiw, "Is anything green anywhere..." ?

AACS is up 41% on NO news.

Just thought I'd mention it since you asked. I own a little of that. About 10 cents with 250M shares O/S and no dilution in 4 years.

Which points out the obvious, that with the DOW down half-a-ton the OTCBB is looking good.

bbd

stock2windaily, "Lets not forget the $20 billion in unsecured debts..."

I think we can safely forget $12B of that, since the ACTUAL number is $8B.

This is a matter of public records, as on file with the BK court.

And NO, I don't have a link...

bbd

scalig, "Their revolutionary product design ..."

Sounds like they might have added something new, like handles on those bags, or something else new to qualify as "revolutionary".

AND...

"The only void in the world of household items, up until now, was a completely green and harm-free way to dispose of trash."

I'm not so sure that statement is true. I think they call that "recycling".

LOL

bbd

Just saw a 100K share trade on L2 @ 11:52:08 at price=".00"

So does that mean that shares are now free?

Trading in Wachovia Bank shares just halted!

News pending.

rheddle, " don't know about this specifically other than to read what has been posted."

I understand completely!

Perhaps this cartoon might shed some light of what is going on- on this forum




Just trying to keep it real here, so the newbies don't get zhit on.

Good Luck.

bbd

Worlds Largest Starbucks is in the lobby of that building.

So Starbucks claims...

BIG BALLER, That number was for WM trading on the NYSE...

...and above $3

If you have a link for short count on WAMUQ then please post it.

Otherwise, you're posting dis-information.

rheddle, "...420'ish million short..."

Accuracy very doubtful!

That number was a week out-of-date when posted, and was for the NYSE stock trading under previous symbol WM when it was up around $3+.

Most likely, that stat came from here:

http://www.shortsqueeze.com/?symbol=wm&submit=Short+Quote%99

The day after the symbol changed it traded about 850M shares and down hard around .05 so wouldn't the shorts have covered at that point? If not, then surely they've coved since then at it is up 300% off the bottom.

And besides, I don't believe that stats are kept on shorts for pink sheet stocks. So I don't think there is anyway to know or even make a good guess.

So that "...420'ish million short..." number should now be reserved exclusively for forum hypeing/pumping. If you get my drift...

Good Luck.

bbd

rheddle, "...alphatrade or equity feed..."

EquityFeed.com.... I didn't know about that one.

Their FREE TRIAL of L2 costs $20.

Rah! Rah!

Onward toward Victory!

Today Bartow, Tomorrow The World!

5 Pictures of CyberBug and CyberScout published on TechRepublic on 9/29

http://content.techrepublic.com.com/2346-10878_11-221819.html

bbd

WAMUQ on the SHO Threshold Security List, as of Friday Oct3

http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold

bbd

navy_seal_team_one, Apparently you get different treatment by Scottrade than I do.

Maybe you have a cash margin account whereas I am using an IRA, and that accounts for the difference?

I sold out a stock on Friday to raise cash to buy WaMuQ. The two trades were only 30 minutes apart. When I placed the 2nd order to buy (before execution) there was a Warning Message in RED on the screen that said the trade, if executed, MIGHT BE classified as a "free ride" by SEC rules. This is the only trading I have done in several weeks, yet I get hit with this "rule" right out of the gate.

I have encountered this before, but Scottrade usually lets the 1st trade go thru and then warns me on the 2nd, and then restricts my trading on the 3rd trade attempt until the 1st sell trade settles. The point being it has more to do with the generation of money proceeds rather than the delivery of the stock. Scottrade want's to control my cash and they use this rule as a pretext to do that.

Apparently, both of these trades I just made should settle on Wednesday. If I sell out my WaMuQ position before Wednesday then I cannot buy back in until Thursday. It really cripples my account for anything like Day Trading. And since it's an IRA I can't use margin. And these are just very small trades of a few hundred dollars. I think being treated this way is just pure bullshit.

I realize that rules are rules and we all should respect them. But some rules are just plain stupid, arbitrary, and really serve no meaningful purpose. In this day and age just about every transdaction is near-instantly cleared electronicly.

As you may know (or not) Scottrade clears ALL of their trades exclusively thru NITE (Knight Securities). Although they are a different corporation, for all intents and purposes, they are really just the retail front end for NITE.

FROM MY VIEWPOINT, these warnings of this SEC trading settlement rule are really just a nuisance; they have little to do with my trading flow and EVERYTHING to do with NITE's relationship with the SEC. NITE pays hundreds of millions of dollars in fines every year. Think about that...

And before you ask, NO, I don't have a link... Please pass the salt. LOL.

All just my opinion... Good Luck.

bbd

American Bulls: BUY Confirmed!

http://www.americanbulls.com/StockPage.asp?CompanyTicker=MODC&MarketTicker=OTC&TYP=S

Everyone knows that if it's published on the Internet it MUST be true. It's the law!

bbd

di4, Sounds like "robbery at the point of a pen".

Obviously, the "perfect crime".

In order to pull off something like that you MUST have the help of the government. Duh!

itried2, "...no longer formally associated..."

Right you are!

Washington Mutual Holdings (WAMUQ) is now just a customer of Washington Mutual Bank.

OOPS! I mean JPMorgan bank.

And their first $100,000 on deposit is guaranteed by the FDIC.

The other $4,999,900,000.00 is NOT guaranteed.

Maybe they should withdraw it. Ya think?

bbd

traderdon, "But they could still wipe all these shares out, correct?"

NO, I don't believe that can happen.

I think what you are referring to is Chapter 7 Bankrupcy: Liquidation.

In that case (which does not apply in Chapter 11) the Rules of simple arithmetic will prevail.

In Chapter 7 Bankrupcy, the creditors get paid in a strict order of priority from the pool of available assets.

First, the creditors get paid.
Then the Perferred Shareholders get paid.
Finally, the Common Stock shareholders get paid from whatever is left over.

By the time they get down the list to we Common shareholders they will be down to their last(!) $17 BILLION. You divide what is left by the number of shares and you come out with about $2+ per shares.

This is NOT my math. This number has been bandied about on the this forum all week. And I just happen to agree with it.

Good Luck.

bbd

myturnsoon, No, I don't have a link.

WaMu Holdings is still being denied access to their money on deposit. That's been written up in the news.

Does that not suggest they are tring to take possession of the money?

Otherwise, how else would they know that is being denied?