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Oh, man ...
Too funny.
I am going to miss this board when it's all over.
Someone is trying to keep this down ...
Lots of shares thrown up at the ask to keep this down. No way someone is dumping at this level without an extremely good reason.
This isn't making sense at all ...
A share buyback is what investors dream of. Now that we have one, why are people selling?
Revolutionary Concepts Announces Major Plans ...
Revolutionary Concepts Announces Major Plans for Recapitalization to Raise $10 to $25 Million in Capital, Accelerate Growth and Increase Shareholder Value
With no common shares remaining ...
any deal that is made will cause the pps to rocket as investors climb over each other to buy shares. What else is there to do? Not sure they can restructure or increase A/S before something new develops.
Comments?
Think about this ...
why would somebody want to invest millions in this company if they knew there was a competitor with a similar app? Must be something unique and better to draw some big money.
But why are the MMs holding it back?
Anyone know what is going on?
Huge volume right now.
Tried to help by getting off the bid and hitting the ask ...
and then I got screwed. Could have picked up almost another milly if I had waited. Thanks chumps who dumped.
Lost out on ...
several hundred thousand shares not waiting for the 11s, but it will be made up later.
So any of you going to help out?
That was me. Tired of bid sitting. Let's get this baby moving.
Okay. Prefer to be able to delete, but thanks for the answers.
How do I delete pics from my account?
The OTC is ...
a racket. They usually want money to remove the caveats. I remember it was several thousand dollars for some companies. They prey on new starts and some shorting groups know this and petition the OTC to post the caveats at the most opportune time. Very corrupt.
Holy Hemp, Batman!
Look at it go!
...PATIENCE..........trust the NUTCAKE.......................
That seals it right there for me. FS has been one hell of a unique poster here and he keeps me going ... gives me hope ... that something will come out of this for those have been holding on (and who now have shares locked and loaded and waiting to explode).
...PATIENCE..........trust the NUTCAKE.......................
That's all I needed to hear. Thanks FS!
So with the current share structure and ...
comparing it to Monster, how high can this go in the coming months?
Just bought the lemonade!
I guess we will get paid when some paper pusher
... decides to sign some papers. According to FS, the deal was done a long time ago.
Waiting for the lemonade!
What's with all the selling?
Very short-sighted traders.
Well, not sure.
My account shows a bid and ask for the stock, but zeros elsewhere. The trustee could issue checks and then our stocks held could simply be extinguished. Just not sure if the trustee would send out the money to the brokerages. The court may now have a record of all shareholders and the amount of shares.
I am guessing that this is the bottom line ....
Only three ways this is going to go:
1. We are wiped out
2. The court already has a settlement and the trustee will issue monies to us either by check or into our stock accounts.
3. We are issued stock in FCNCA equivalent to whatever deal was made (160 million?)
Personally speaking, I sense a check in the mail. Don't think it will be for $12.50 per share, though. If we receive $2.00 per share or above, I will feel fortunate.
Fred ... how soon do you think the will issue the checks?
Chessman
Someone is trying to keep this stock down. Shorts?
How do you know? Please enlighten us.
Excellent! This shows that we have a real product! Wait ...
First, let's get Chili to verify the video. He is our graphics expert. I am not going to buy any more shares unless he confirms that the video isn't fake or images are not photoshopped into the background. Are you on it, Chili?
I first contacted the CEO ...
J.C told me he would like to talk and answer my questions but he was not at liberty to do so. He then told me that he would have IR call me the next day because the group in charge of IR was out traveling on the east coast. The number to SMM is 310-466-9092. The next day a gentleman called me, but the connection was not very good. He did attempt to answer a few questions. I asked him about the merger and he told me that they are attempting to wrap things up as quickly as possible.
I would suggest you call the CEO J.C. and see if IR has returned and then have him transfer you to their department.
Chessman
After talking to the IR department at SMM about two weeks ago ...
it sounded like things were moving rapidly. They want to expand their business soon and they seem quite eager to get things wrapped up.
Chessman
I am glad that ...
there are others doing DD and making calls.
Reverse mergers and mergers can be devastating to shareholders if there is too much of a reverse split and the stock is diluted and plummets in price. SMM is doing this to be able to sell shares and finance expansion. From what I gather, they are interested in maintaining a good price to attract capital and build confidence. Investing in these mergers is always a risk, but this one seems much better for us than others I have seen or been involved in. Getting to a minimum of .10 would be ideal for a return, and beyond .10 will be wonderful. I will be buying more next week.
Chessman
You are welcome ...
Had to find out a few things because mergers/RMs can be very tricky and bad for shareholders.
One of the few ...
One of the few mergers that actually have a viable and valuable product. Not a share selling scam. They just want to obtain product expansion/sales without having to go through the expensive process of an IPO or similar. Smart move.
Update ...
Spoke to IR. Merger working through, paperwork and all. Asked about convertibles and dilution. Won't be happening. I think we are good.
Chessman
Waiting ...
for a call from IR. Want to see how much info I can get about the merger. Talked briefly to CEO JC Baselli yesterday and, as I mentioned before, he wanted to talk about it but legally he can't. I will see what I can get from IR.
Chessman
Anyone here think ...
Maybe someone connected to IHub like an MM or similar is trying to sabotage the company right now to bring down the stock price lower to get in? That news item looks to be a glitch. If it was released on time last month it might have caused more momentum and a higher pps by now. Very strange.
Company just contacted me ...
SMM just contacted me and told me that IR will be calling me tomorrow. Will post tomorrow what info I can find out.
Chessman
Just contacted the company ...
I just contacted SMM and asked them about the merger and share conversion. The employee told me he would like to talk to me about it, but he wasn't at liberty to do so (legally) and would have someone at the IR department call me back.
Preferred shares are going to be issued by Discovery Gold that will be convertible to common stock by SMM. According to the disclosure, after that, SMM will own 85% of all the common shares. That leaves us with the remaining 15%. No doubt, SMM would love to have the share price increase to assist with the expansion of their unique product. However, the big question is how much our shares will be worth after the merger and which direction will the pps go. That is the million dollar question.
Correct me if I am wrong, but SMM wants this merger so they can enter the market and have shares to sell for expansion. I see their product and I actually want to buy some myself. Seems like a very good move on their part, but, again, what will our shares be worth initially and how far up in price can we determine, reasonably, the shares will increase. Any merger experts care to chime in?
Chessman
MMs bringing the bid down and trying to load up now ...