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I must apologize. Carlos Trujillo is in fact a CPA/w a Bach degree. I fear I did cast a shadow on his accomplishments. That in no way enhances his function or value but what is right is right. He is a qualified and well paid bookkeeper.
I'm no surprised.
If that's your only take away from my post, please read it again.
Something I forgot.
I think the science is really promising and there are plenty of great and talented people involved. I still own stock in this company.
Looking at the form 3s submitted from Aug. 31 on, I had a few thoughts. Some of the form 3s seem pretty appropriate, that is providing individuals with their stock post reverse. On the other hand some of the form 3s seem to provide board members with new stock or options. Please remember, Ken W. effectively used your shares or its value to be in a position to give stock to Directors/Board members.
I Rarely questions individual decisions especially compensation matters but there's one that screams to be asked. Although Ken W. successful structured the company to the point of complete control, I'd really like to know why Carlos is making over 300K plus stock and options annually? What does he do? In his capacity as CFO has he ever brought in investors? I don't think so. Well I do know he puts together the numbers for the required documents quarterly and at year end. Those numbers are given to a contracted CPA to do the work. He may be a CPA but I don't remember reading it in a bio. Keep in mind, with this development stage company it's really simple. There is no income or the work involved in doing a complicated corporate return. Carlos has merely a bachelors degree in accounting nothing more and his experience seems to be wanting. At best he's a bookkeeper. If you do the math, Carlos got paid for 8 or 10 years that's possibly 3 million. Anyone of us can get a CPA firm to do the work for a fraction. Three million plus proper management might have made the reverse split less sever or required.
Finally, what is the board being compensated for. Annual stipend and stock. Did any of them individually step forward or are they just positioning themselves in case this company is successful. After all, a guy like Yeng is famous, very wealthy. a big biotech name and high visibility. Well guess what, through his company, he spent years and more than millions trying to make stem cells work. After all these years he hasn't gotten there yet. He discovered what most of us know. Even my car mechanic knows, stem cells alert the immune system and stem cells like to travel. That's a real problem within the human body. I wonder if cell in a box can solve his problem? Remember years ago when Ken re-negotiated the deal with Austianova. He acquired the right to use CIB with stem cells. Did Ken just wake up one morning and have a ephany? I think not.
And lastly, I also wonder which board member turned Non Proactive Ken on to the institutional investors who are thinly vailed venture guys. This is just my opinion but think about it. Oh, almost forgot. Now that the company has 70 plus millions, it merely points out how poorly qualified Carlos really is even if he is Ken's best friend. It's always great when you can make your best friend whole, much better than whole, at the expense of shareholders. What ever happened to fiduciary responsibility?
The high was about .20. I 'd settle for that. Doesn't seem to be able to get there again. They sold about $1000. worth of product. That will never move this stock. Now they are making a big deal about advertising in the future, when did they figure out that was an important part of retail? Brilliant. A great advertising campaign can be put in place for little money. These people and their puppet master Joe have been promising successful future developments for 8 or 10 years. Often with different names and products.
Does anyone here know what's going on with this company? The only thing I know is, they are not forthcoming in the sense of being straightforward. Why?
Do you not see yourself as a cheerleader?
"against the box" not in the the box.
Do one eye, eye patch wearing people count?
Advertising is a positive development. Wish they came to that realization sooner. After all this company's immediate drive should be revenue. Having said that I hope they don't neglect their less expensive items in inventory. I see Apple Play as the shiny object that may cause the company to neglect their less expensive products. I get it, with Apple Play, each individual sale brings in substantially more money but what I hear, more new cars will come with Apple Play as a standard feature. Remains to be seen. In looking at the camera and home security items, they seem to be quality items. I would direct these items, camera, door and window security to the attention of our senior citizen populations. It's, a buyer population that continues to grow, multi millions. These security items are affordable to most middle and lower economic groups. Seniors are less capable of defending themselves and they know it. Seniors are subject to increasingly violent break-ins, robberies and home invasions which demonstrates a need. The evening news is our greatest and most affective sales Ally. (spelling?) In urban areas seniors are often isolated in large buildings with rampant crime going on around them. In small suburban and rural communities similar crime stats are exploding. These items can be installed by anyone with no special tech training in only a few minutes but will wake up the whole block and disturb all in the middle of the night and everyone will recognize the issue. If a grown child wants to be able to monitor an elderly parent the camera is great. The son or daughter can check in now and then on their Apple Phone. Finally, affordable, easy to install, good quality, and a siren to frighten the intruder and alert every one nearby. Double digit million population of potential customers which is always growing. On the ads applied Magix can sell direct or name participating retailers. Maybe get retailers to participate, share in cost since we may be driving customers to store. Maybe not. Just a thought.
Good observation Randy. I think we will see an additional business direction soon. Let's hope. Hmmmmmmmm
It's probably Marlin selling stock. He's Joe Fieori's serf so what he tell's you over the phone is suspect. He won't talk to me anymore. I'm lucky that way but hear from many people here in the East that he still says the stock will go up in two weeks on news. Every couple of weeks like clock work. That's the story he's been selling for many years.
This was reclassified early last week.
I am cautiously optimistic. Hopefully, this will make their products more desirable. Remember, you keep score with dollars and I hope their execution is better, much better. Did anyone mention the I hub classification to them. Of course not. How many people know where to look to read this news? More eyes better. Just noticed, the market opened SPYR traded at 6. Market not too impressed. I think the stock might have traded up a little, even on mediocre news but if no one sees the news release. Opened down on nice news.
Yes Randy, I agree. Just a question, how many 30 to 80/180 dollar sales does it take to justify a 2 dollar company?
Have you noticed there's been no posts on this board for 21 days? Not a lot of enthusiasm for this company. I've mentioned to this company many times they might change their classification with I-hub from food and beverage for Joe Fiore's greasy spoon in Phili to some technology board classification or even retail tech classification. There are many millions of eyes, if nothing else on I hub they would get better exposure. Why? Just amateurs or is it all bs? Just call me silly. Maybe if you two braintrusts suggested a change they would get the message. Proof is no post for 20 days. No one cares. If they are wildly successful who would know?
Still banking on the periodic myths?
He doesn't want to talk to me but you sure sound like a marlin acolyte.
Did Marlin whisper in your ear again after saying he spoke to Joe yesterday. Then you make a somewhat vague statement about something occurring with SPYR next week or thereafter and want so much to come off as a really professional or at least knowledgable investor. We know better. Don't we? Try to understand, many of us have been whispered to by Marlin for many many years, all attributed to Joe. Soooo you are somewhat transparent although this perception may not be accurate.
Most of us hold this stock and will only appreciate a tax loss carry forward. It could go up a little and we can get out. Therefore many just won't sell. Tax cover, worst, small profit the best no sense selling the stock. How much stock has Marlin sold after whispering. I don't know that to be true but something is afoot.
Kind of scary, but having Walmart is positive to me. More so than Amazon and EBay. Can't imagine Walmart stocking as many competitive products as on line dealers and although Amazon and Ebay have a vast reach, Walmart also covers the whole country but differently. Who knows?
They are presently resellers. That's ok for now. Any sales will be "greater sales." because they have never sold anything. How hard is it to register to sell items on amazon or eBay. I suppose not too hard for the captains of industry running this company. I noticed their resale items are priced a lot higher on amazon and eBay than on Applied Magix home site. Is that smart? There's more competition on amazon. Oh! I know! They are trying to drive sales by using Amazon, DA. I don't get it but then I don't have to although I still own equity in this, hoping for .25 .50 cents. Not worth selling it's more valuable as a tax loss with a chance for a little money. Anyway, how many of these 4 items must they sell to pay the rent and salaries or is this just a hobby. How many sales does it take to support their secret lab or does batman pay for that? OK I probably should wait a few more week and give them a chance but really.
Am I the only one experiencing the scent of J. Could be wrong.
Last two releases are more specific and descriptive of product, engenders confidence by telling us something. Now just have to see the product when it actually arrives. Now that wasn't too hard . Actually, interesting. Let's see if the first real news in 6 or 10 years moves the stock. Might have to wait for revenues. If these products do arrive it will be a lot better than some stupid game. Remember who we are dealing with.
The more outlets the better especially if they have something new to say.
What in the world is wrong with you. Do you really think you need to reprint the news release from today. The three past news releases are all similar. I'm reluctant to say the same but just look at them. With each additional release the management merely talks about future products. The next release talks about trade and new names of general products and categories and finally today, expanded general categories and lists of vague potential products in those expanded categories with lists. This is from memory so could be off a little but all in all there's been precious little news. none. The only real news will be a product for sale or funding and for some stupid feeling I think it could happen. Jim, Tad, Marlin, Joe and the rest of the menagerie don't know much but I'll offer this...The "new products will have competition with similar like products already in the market. SPYR/Applied MagiX may have an edge with being an Apple recognized product but we'll see. They will be made in China but will have to look classy not like junk. Finally, they dangled the potential of these add on parts as entering a 100s of billions of dollar market. Really, who could resist. For you to say "I expect news," I'll just say you and 100 other in the know folks probably on Marlins phone. They have also started to use Dr. Zinks name. How do we get in touch with Zink or Applied MagiX. Let me know. So again, nothing new, all vague we wants, new directions, our plans etc. Oh! I forgot Zink is in the secret lab probably in China. The best that could happen would be the need for me to apologize but if it walks like a duck and quacks like a duck it's probably what?
30 years or so ago Jim Thompson wasn't with SPYR. So he's the reason you are still here. I don't know what he did before Joe F. made him President but the results aren't too impressive what has he done? Canned bio's are BS. For the last 8 or so years there's been a lot of "forward looking" comments, remember, dividend stock from the old eat at Joe's. If you forgot, just look at the SPYR web page. That's public information and everyone has a copy and yet no one at the company, including Jim Thompson will answer the questions from share holders. To me the answer is easy. They could have said, "Our plans have changed and our corporate direction has changed." After all 100% of nothing is nothing. Simple and honest right. This company has alway treated share holders in an arrogant, bush league manner. (Yea bush league)
You "kept the faith because of Jim Thompson's involvement. 50% of marriages are much shorter than that and you know why. You can't fix what?
You closed with, "expecting news next week" who implied or told you that or is it your own idea. Did you just think it up yourself? Insider info, I know you wouldn't do that but does sound like the weekly promises for years from investor relations.
Finally, the only thing you took from my last post was my comment about the dark side. To clarify, after all these years of nonsense with the stock price recently at .004 something, all we had was a tax loss carry forward so I hope Joe F., Jim, Tad, Fink and lets not forget Marlin, can put a few more pennies into this. So I went with the dark side for money. I won't hold you to just a week, timing in business can't be that precise but you may make the dark side list yet.
Really, you've owned this stock for 30 years and you are still waiting for "SUBSTANTIAL news." What was your plan? Who talked you into it? Joe's was incorporated in 1969. How old are you, please change you picture. Somewhere along the line Joe Fiore got a hold of this company so it must have become a piece of garbage because failed penny stocks are the only things that fit into his business model ie. no cost to incorporate shares, cheaper than dirt shell heaven, no initial cost to get on Pink Sheets. Look, a new direction, new dream for the future. Does that smell familiar? Look I want the price of the stock to go up too. Keep in mind, Joe F. gave half his stock to Magix' Fink or the money people. I think much of the funding paid off Joe F. for his stock. So Joe got money, in addition, to his holdings value moving from something like .047 a share to .20 a shares value increase which is about $6,120,000 value close to the amount Joe F. had in this thing. Now if these guys and the secret lab can get this to .25, .50 or God forbid $1.00 Joe will be back in the game. Question, will you be able to get out before the guys driving the train. My guess after 30 years you will be the last out at .047. Really? I'm banking on Joe and hoping for $1.00. So I've said it, I'm on the dark side.
The S-1 news was out weeks ago. Now they talk about laying ground work and Applied Magix and its" boss whom we can't contact. They talk about additional acquisitions because of the new money, we've heard that before just a different name and finally they include a lot of data from public info on the internet to show why they "chose" the Smart Home Mkt. The gorilla in the room, no mention of product to sell, wow. Must still be in the secret lab. Soooooo all in all this was just long winded BS like the last news release. No news nothing new. Who wrote this non-sense. This is bush league pr, S-1 news or a product they can sell will be news, right now this is nothing and smells like Joe, Jim, Tad, and Marlin. Lets not forget Marlin.
I still own stock, would like to see if money can make a difference. Please notice they didn't say how much of the S-1 was subscribed. GLTA only one way to go.
I almost forgot, did they talk about "the secret lab." Really, give me a break. Where in China.
If they can get this thing to a dollar I will never say another thing but I will know what it's like to make a deal with the devil.
That's not smart.
"Notice of effectiveness," kind of everyday occurrence although there are refusals. Merely approval to sell shares. Lets see now if SPYR gets subscriptions. Hopefully, 100% at .25, if so will call for a announcement of fact and hopefully set stock price at .25. I wouldn't be surprised if the subscribers were set before submission of S-1.
May I ask, what do you base your belief that there will be news this week on? Is that an assumption too? It would only be too good. Where do we know Brown Stone from? Interesting.
What made you think the SPYR was fully subscribed. Did someone tell you that? I would have liked to see that too but it's just not in the S-1. In fact if it had been sold-out before S-1 it would have been criminal. That is the reason for the document. Although I own some SPYR stock I didn't see anything in the S-1 but did see their directions on how to subscribe. Looking for subscribers implies the 10 million at .25 wasn't sold out at the time. I hope someone close to the company didn't tell you it was a 100% sold. Let us all know. I suspect loose and stupid talk by someone formerly close to the company. Some who read your post also drank the lemonade. Not good.
I looked through the S-1 and didn't see where it says it's fully subscribed. Please tell me where to find it.
Thanks
Still own my stock. Watching to see it go up over .20. I think news is expected so maybe we'll have even more good news. No inside info just makes sense to me. They have money for something and should have a plan. We'll see. Has anyone on this board noticed, even when spyr became a game company, when you went to the IHUB message board, spyr was still found in the food and beverage category. Why was it important? Because the more eyes the better, as an example the last news release talking about 15 million in new money, those newly interested potential investors couldn't find spyr. Ask yourself what a mere 100 more interested investors would make to the market price of a little stock volume. Brought it up a number of times over the years and recently as well...nothing. I've been trying to contact a new investor relations person and they whoever they are do not answer my call. A shareholder can't get help from an answering machine. I think we can all agree, this is not a cheap hamburger stand at the Phili airport even if mgmt is asleep. Still, I'm confident. .50 to a 1$ would be great.
The news release of Oct. 12 was a welcomed event for those of us who own stock in this company. Getting money can't be bad for a company or the shareholders. One assumes that the money exists now for future events. That remains to be seen. The stock has over the last month or so gained in value from .014 to .20. Today like yesterday, after the news release of Oct 12th the stock has opened higher to trade down and ultimately close up about .01. Today as of 12:00 noon, only shares have indicating sell orders have been recorded again selling down. No buy orders from optimism. My question is, who in their self interest owning a stock which has recently demonstrated promise would bang out their stock at a discount? I understand there are situations when people need quick cash but really, after owning this at almost zero. To those of us who have suffered many conditions of bad management, self inflicted wounds and potential misinformation by the companies agent after as much as seven year, what next? Whose selling? Is there really 60 million shares of uncovered shorts and suggested by the companies agent to many shareholders. I continue to hold this stock, hopefully promise of the future.
Been trying to contact new IR without success. Will take time for new system to work. GLTA
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TV, that's kind of how I feel. Randy did you get my e-mail? Guys the "after labor day for more info," is killing me.
Hi, 20 years seem too long but I have one position that is 20 or more years old. yikes. I do speak to MM on occasion and hope he's got a handle on this thing. Maybe we are near the end of a long wait. G
Hi Televet, I've owned this stock for 5 or 6 years and haven't lost interest yet. I don't go to yahoo's board because it's not objective. Like bonehead (a telling self description) there are a few on this board who say stuff without proof or are intentionally inaccurate. Never the less, I do wonder how this guy knows what I own. Just talk. Why would he be here if he thought this company was so bad? I wonder what his agenda is?
That's pretty much the case. ditto. Regardless of what the nonshareholders continually put out.
Today 277,416 shares purchased while 302,890 sold. No news release. So where's the pump, where's the dump? You have no idea what you are talking about and just repeat words you've heard or read. You don't understand the market. There's no pump and dump. Tell us where the pump is.
Hi Randy, you are right, could be something. Never know.
Have you not read what you've just posted? Would you not want to be re-paid if you loaned someone a large sum of money? What you've posted shows the lender has again pushed of the date of re-payment nothing more. You have intentionally misinterpreted the written word. That's called a lie. I expect this post to disappear like my last one.