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Please, as I have owned most of my shares for over a year, and continue to acquire as I'm able, I find it positive to see the SEC filing my be moving along. However, your message headline
Good idea. I am certainly willing to write the letter you suggest. I don't PM either. Not sure how to get such a letter into your hands. Any suggestion?
I was talking to a retailer today about MYEC and they seemed very interested when I got to the part about how quickly cash could hit their account.
Now, lets get the "10" filed and move MYEC smartly ahead.
To those of you arguing over tranche and traunch I suggest you take a look-see at INVESTOPEDIA.
For Traunch it shows:
And your point is?
Bad Movie? Not hardly. This is the Chinese water torchure on steroids. It's up to us whether we go into 'roid rage or not.
Buck up and Go HHSE.
It is 5:49 p.m., Pacific. Edgar does not show any filings today. Damn.
Supported Eric. Defended Eric. But it does get harder to do when nothing takes place as to filings when promised. Why can't you at least be preemptive and tell us WHY it can't be filed? The one excuse you can't use is "The North Koreans hacked us."
I still say GO HHSE - I'm just not sure where.
Well, we now have only a day to wait for HHSE to act or prepare another excuse. I guess I can wait.
Good reply, and maybe you're right. But now we are supposed to wait until tomorrow. I can do that and hope there are no further excuses.
And I went to Best Buy in O.C., CA last weekend and they were in stock.
Might this just be a Best Buy stocking problem?
NTEK.
Kudos to you. Let's discuss after 12/04. Certain we would all like for docs to be filed, even though HHSE has been remiss in completing tasks timely.
First, I hold MYEC long and do not plan to sell, but, to quote you
And easy to do. Took me all of 2 minutes.
NTEK longs will win. And I are one.
It would seem your comments are for the purpose of making a statement about something that NTEK did not say. prnewswire.com said
And maybe Amazon finds that inventory arriving "just in time" is a more efficient way of operating. You know how that works - receive the mdse, sell, collect the $$ and bank it for 30 days (earning interest all the time) and then pay HHSE.
Let's see how HHSE executes this winter.
And then right back to "Current". Don't you hate when that happens.
Just saw an On Any Sunday ad on Drudge. Double clicked and it gave a list of theaters showing. Nice
Has anyone been able to buy MYEC thru Scottrade recently? If so, how did you do it? If not, any other recommendations? Thnx in advance.
Google them. They're kind of interesting. And they keep adding to MYEC's revenue source stream. The mountain we're climbing is huge but the base will provide we "longs" with great returns.
You're right. Up to a point. Your time frames are correct for an "Accepted" filing. Submission is not acceptance. If there are questions about the filed material the SEC will require explanation and/or clarification before acceptance. Although acceptance should be forthcoming, it may be (as HHSE blog states) a few days. Until a few days, at least, have past, I would give them then benefit of your doubts. Presumably you would want to be able to rely on the Form 10. Just as does the SEC.
I, as yourself, hope that "Acceptance" is prompt and publication is also.
Yea, HHSE.
T. F. N. Since it appears that you are very concerned about MYEC spinning off portions of itself to shareholders, rather than selling the same operation and paying the shareholders a divy, I have a proposal for you. For every 1MM shares of MYEC common stock you own (up to a total of 10MM shares) I will pay you $100 for an option to receive such shares as may be spun off for a period of 366 days from the date of such "assignment". You can make some $$ right now and I can accept the risk that nothing will be done. Any interest?
Your comments are worth noting. Member mark for you.
Unfortunately I can't go the the AGM this weekend, but I will be looking forward to watching it on the "replay".
Let's go MYEC. Have fun in Tahoe.
Most of us who have been in F&F for awhile are aware of Tim Howard's very informative website. If you are new, please read the info he presents (and many of the thoughtful comments) at:
http://timhoward717.com/
I'm not quite sure what you're looking for. The Stockholder's Equity section of the Balance Sheet properly reflects the $250,000. The actual accounting entries are:
Cash...............................................................$250,000
Common Stock (7,580,000 shares X .001 par value).....( 7,580)
Additional Paid in Capital........................................(242,420)
Now that doesn't tell you where the cash went, only that it was received. Bennie didn't get free shares. Nay, nay, nay. Shares at a good price to be sure, but he had to buy a large block and they were restricted. How many of us could have ponied up for the same terms? As it turns out, Bennie made a good deal. BUT, there was a point when the share price fell awfully close to his purchase price. He took some risk, NTEK got cash when it meant a lot and we will all benefit as a result. What's not to like about that?
Thanks Bennie. A lot of us really do appreciate what you've done for NTEK and all of it's shareholders - yourself included.
The $250K private placement is shown on page 12 of the Annual Disclosure Statement:
Int Rev Code (Rev Rul 77-201) says that bonds or preferred stock of a corporation are not ordinarily considered substantially identical to the common stock of the same corp. If, however, either the bonds or preferred stock is convertible into the stock of the same corporation the it is necessary to look at the relative values, price changes and other circumstances which might make the securities substantially identical.
So, the short answer is no, they are not the same - unless they are convertible and then the answer may still be no. Since I don't own any FNMA preferred, I don't know if there is a convertibility provision. Others may know.
I think I'm looking to next week with F&F.
nuubie Sunday, 09/28/14 11:39:24 PM
Re: theiceman13 post# 234873
Post # of 234896
NTEK could just as easily be suspended tomorrow, it's just as possible, right?...
And the cow could jump over the moon. But the smart money will bet against it and invest more in NTEK.
Yes, NTEK is mentioned in the story. And the story says there was a paid promo. But it does not say who paid for the promo. So, there may be no story here at all. Until you have real information on that this isn't worth a sticky, and maybe not even then. These guys are weinies. And we all know bad guys do bad things. GO NTEK!
Interesting. No question, Sony makes a good product in their TVs. But, Sony also thought Betamax was going to be the standard - until VHS took the prize.
Sure, Sony owns Columbia Pictures, Sony Classics and Screen Gems - all good producers. But that leaves many other studios, some of which have become available to NTEK.
It comes down to this, Sony wants to limit access to their programing, NTEK (and others) want to expand their viewers. You pick Sony, I'll pick those that offer the most programing. Like NTEK. We'll just have to see who is better off in the next year or two. Wanna make a side bet?
Any chance of seeing your report. Been here since Jan. 2013. Been to both S/M. Limited to one post per day. Thanks if you're able.