wise ...
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Thank you Clay , Nice presentation, however a way to go still but we are on our way .! at last ..
I do , The operation switch for better results ... we should have some up news soon ..
well ..I rather hope that the new direction is profitable , for everybody... and I wish them the Best ...
one new rule about the D form is . in particular, companies will no longer be required to identify 10% stockholders by name,
But yes they are looking for 1 Mil.. do they have yet ? I have no idea ...
Results were good , they must have a positive reason or contracts on hand to switch for bigger fish ,That's my opinion ..
at this stage we don't really know all the facts, one thing for sure they stop trading for a better income, let's wait for the developments ahead , actually the Spzi come back in the picture is a welcome news ,
No explanation .. I hope the move is for the best ...
I hope they do , we should call them and start asking questions. The message was pretty clear the deal was signed ... so yes along everybody else I'm looking forward for the new developments, I really have no other choice !
I feel better about SPZi in a short term, looking forward first for an Update on Pinksheets about the OS .. first thing first and hopefully now more news ...
in the interview The Ceo is also mentioning a license agreement with Wind River Co
any thoughts ?
http://www.windriver.com/company/
I do think that they are waiting until tomorrow to release the results along with the interview . I do expect some positive news ..
again as a shareholder of Both I was too early in the game but the game is far to be over ..on the contrary
it was just reset
The interview is scheduled for Tomorrow 05/07
http://www.ceonews.tv/
A press release will be on the way as well
Interview scheduled ...on 04/21!
http://www.ceonews.tv/
NEWS >>>>141 Capital, Inc. Moves Headquarters and Prepares for New Direction
CHICAGO--(BUSINESS WIRE)--141 Capital, Inc. (OTCPK: ONCP) announced the company has relocated its corporate offices and headquarters to 1485 Ellinwood, # 214, Des Plaines, IL 60016. Management cited the opportunity presented by the current market conditions as a reason for the move and noted that the company will greatly benefit an overall reduction in office overhead as a result.
The Company is also nearing the release of management’s new vision of growth with reference to key specific announcements in the future direction of the company as a leader in the commodities brokerage industry. The new direction in the company’s growth will be fueled by advances in the company’s implementation of proprietary technologies. To help convey management’s vision and the company’s re-positioning, 141 Chairman of the Board Paul Strickland is scheduled to be interviewed by Charles Sample, of CEONews.tv. During the interview, Mr. Strickland will elaborate on major developments at the company that has enabled management’s decisions for the company’s future growth. The company will release the details and availability of the interview shortly.
"We are very confident that our new direction will help us enhance our standing as a pre-eminent electronic/online brokerage company and put us into a better position to grow our company, present our brand and increase shareholder value. We urge our shareholders and other interested parties to listen to Paul Strickland’s interview to get a clear picture of how we intend to capitalize on our past successes," stated Errol Stone, CEO of 141 Capital, Inc.
Management noted its office number will remain the same (312-788-8271).
Ok I asked to exchange before the deadline Nov 7th
I received In my mind Series B ,but when I asked Errol
here is his reply :
They should not have been taken by Ameritrade as they are unregistered shares. I do not know the answer. You will need to talk to them. "
these shares are series C !
so add me to the list as confused as well .
on the other hand I asked TDA to convert few shares , The clearing firm has confirmed with the transfer agent for 141 CAPTIAL INC that they have received my requests for conversion and that they are currently working on the share exchange. However, they did not provide an anticipated completion date for the conversion. It was also confirmed to me that the shares were successfully submitted for exchange.
So in your opinion then the OS is still manageable .. However the Rs on the preferred was not really clear.but on the other hand it looks like it was the only solution ...
the only benefit then will be the discount 20 % and the low price average .
In the short term we should be ok ...
There have been a number of newer CTAs with shorter track records that should be mentioned here due to their 2009 gains:
141 Capital +45.17%
Ascendant Asset Advisors’ JDL Commodity Program +29.40%
Westport Capital Management’s SMT Program +21.92%
http://www.autumngold.com/blog/?p=76
Note the new Phone number for Investor Relation
The phone number has changed to: 407-389-5900.
ALICIA GOLDBERG
Investor Relations Specialist
Big Apple Consulting USA
2101 West State Road 434, Ste. 100
Longwood, FL 32779
www.bigappleconsulting.com
407-389-5900 Phone
407-389-5907 Fax
Not at all ..
Thank you for your concern I'm here )
April results will be great ... My account with them is private ...
Cheers ...
SUNDAY, 5 APRIL 2009
Into April!
March has been a great month; we have three new client firms that are now all trading using the KaiTrade Accelerator,, some with custom plugins. The common thread is the need for a broker neutral platform that can be used to provide the algorithms and custom function their traders need quickly and at the right price.
if Spooz get 30% of the revenues at least we starting to see some light ...
You need to read the 141 cap Inbox and Spzi as well , Nobody ran away with any money .. and you do have the wrong number for SPZI
Beside the broker, and the TA I don't have more information , sorry ..
No I invested >at an early stage ,when it's still affordable ..EOM
Milo ! Correct the good times are coming ! program is rolling )
Thanks Boca I will ...
I'm a customer >
Track record was updated <<<
http://www.141capital.com/index.php/track-record
April is looking very good !
Long due ! CTA 141 cap is # 1 YTD
http://www.autumngold.com/
You have the choice therefore :
Adjust the number of Series C Preferred Shares converted such that the total holdings of ONCP Common Stock will not exceed 10% and issue" unrestricted Common Stock."
mtcabin I don't know about a new PR Firm , the only thing I 'm aware is the fact that they want to be able to update
Correct it's not up to them to update the website,this is going to change soon
141 Capital is # 1 CTA YTD here is the link
http://www.autumngold.com/
looks like you are following closely the results !
March 15.56%
you're welcome !
First I don't think it was the company who brought down the share price , why would they do that,? in contrario some people decided to take action on the conversion and manipulated the price to be able to try to get the maximum shares after conversion of the PREF C, but now the company is coming up with this 10 % max cap and the results % are getting better every month,
so now the race is on from somewhere to raise the PPS in order to get a manageable float .
these coming 2 weeks might be interesting, if this scenario will unfold ,the lucky ones will be the ones who are buying now at this level ... or the ones who can convert quite rapidly ..
in a long term IMO we should be fine,( if the results are still coming positive and growing interest ) the critical point was 1 week ago but it looks like a strategy is now in place for the short term
again this is My opinion only ..
one explicit term from the exchange
"In addition, you will have the right to convert the
Series C Preferred Stock in to Common Stock at a later time subject to certain conditions "
Correct It's in the only way to resolve this conversion issue : to have an increasing PPS .. The company is not able to convert at this level and would like to to keep the float manageable.from Errol's Words . Very interesting situation where it's in the interest of all to buy at this level , even the Company should do it ...
if the PPS increase sharply that will attract more attention
If the results are coming up in the Hight teens % ,that will bring confidence
very thin rope but still a shot ...
also they can increase the Os issuing unrestricted common stock but the the float won't be amy longer manageable catch 22 situation ,,IMO there have 1 to 2 weeks here before the ones who would like to convert actually do it . meaning 1 to 2 weeks for the PPS to rise !
Thank you for posting L2 ... Better vision.
If the pps is going higher ,that surely will resolve the conversion.
Still a long way to go,but 141 is on the top spot on paper Cta ytd!
Keep it up...
well they are looking to increase the size of the pool so you never know ,they might do two things at once ! after all their job everyday is to find investors . beside trading .!
one another solution for them is to buyback the shares to decrease the OS .It's still a solution !... with what I don't know, but at this price seems like the right way to go ...
probably both but the dilution size is not significant IMO.. They have to open the Os to be able to exchange as well
THe conversion price is based On the last 5 days PPS ,and as always today the pps drop in the last Minute of the session . that's not a painted job that is manipulation ..
for info " The number of shares of Common Stock to be received upon a conversion will be based on the value of the Common Stock at the time of conversion, less a 20% discount. That value will be based on the average closing bid price of the Common Stock for each of the five (5) consecutive trading days immediately prior to the date of conversion. "
may be for the long shareholders it's time to convert as well ...
what was the reason for Offer to Exchange Common Stock before the R/S
"the Board of Directors encourages shareholders to participate in the exchange offer and hopes as many shareholders as possible will accept the offer. "
"it would be in the best interests of the Company and its shareholders to reorganize the Company’s capital structure by substantially reducing the number of common shares issued and outstanding without eliminating the rights of current shareholders to continue to hold an equity interest in the Company and participate in the Company’s growth "
was it a gift ?
.