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Why are you not predicting .16 anymore?
For that matter, what happened to your .52 predictions just about a month ago?
Gets knocked down EVERY time.
Hoffman has more shares to supply than anyone can bid.
FOTFLMAO, Now THAT is a good one.
They NEVER build shareholder value; thye just bring in one after another cohort to steal money from shareholders.
Now that is funny, Yesterday it was .16, LOL
Funny how the projection gets cut by more than 50% in one day.
Worthless stock, EVERYONE knows it!
It's pretty obvious that they do not care.
Look at the shares they keep putting up - they have started again full force with the printing presses.
They are diluting the hell out of it and it appears that that .03 for the warrants is irrelevant to them.
Knowing SAPX, they have a bunch of those warrants, and then they used some uninterpretable legal jargon at this last meeting to make them unaffected by another RS. Then the company does another RS, and the holders of the warrants then get to exercise their warrants to buy at .03 once they have RS the price back above $1.50.
They are MASTER scam artists, they are.
This is exactly one of the ways that they might perform their next rip-off of shareholders while they line their silk pockets with money stolen from loyal shareholders.
And the next part is they then pay themselves $500,000 a year salary for doing such an excellent job of ripping off retail shareholders, LOL.
It is ALWAYS next week and then the week after, and then the next week, LOL.
Just trade this POS - not sure why peeps are married to this.
Well, someone just got fed up and dumped 300,000 shares.
And then there is still another 100,000 sitting on the ask.
Man, this POS needs to clean up their act!
I've been away for a week. Waiting on some kind of news regarding a new partnershp or something (hopefully not financing or share offering) to help with getting a well up and running.
Maybe they can sell off a piece of property or something to bring in funds. They burned through wayyyyyy too much cash the last half of 2012 with nothing to show for it.
Sure looks like it
I was wondering WHAT big game they were talking about.
I was hoping someone on this MB might be able to fill that in.
Guaranteed 60% occupancy for the next 5 months at 807 Esplanade
Big game on Feb 4 in New Orleans
News:
Leasing New Orleans property for CBS sports production
No need for posters to do that, the company does the scaring just fine with its poor management and continual scamming of shareholders.
.000001%
Looks like todays massive dumpage has finally begun!!!
Get ready!!!!
Some are playing this for that last pop.
It will disappear, give it an hour or so.
That is right - that is why I do NOT think there are very many shareholders that held through the RS. Everyone could see it was a losing deal.
I'd be surprised if more than 10 to 20 retail shareholders held their shares through that RS. 1 for 70 is an awful deal!
I tend to think that there are only a few shareholders who held through that RS, and that the majority of the shares held were by Hoffman and friends, and this is their way of getting a percentage of their shares back. The other percentage of shares lost were given back with excessive company incentives of other options and warrants to make up for what they lost.
As for the .03 - it may come right before they hit with that 200,000,000 shares of dilution.
They hit us with another good sounding deal that stimulates a spike in share price, they exercise their warrants and sell the shares from them, and then continue with the rest of the dilution.
Gotta say that I think you have #1 an 2 wrong here:
#1: "dividend to stockholders who owned shares of common stock on August 31, 2012, which serves as the record date. The Warrants will expire on June 30, 2014 and will be exercisable at $.03."
This was done specifically to INCLUDE all those sharesholders suckered in before the RS. That was why they wanted them to be shareholders on the record date of Aug 31st - THE DAY BEFORE THE RS. It was to ask those shareholders to hold through the split and the company's plan was to reward them with these warrants - which is what they did.
#2 "The Company plans to file a registration statement with the Securities and Exchange Commission in the near term, which, when effective, will permit public trading of the common stock issuable upon exercise of the Warrants."
The company did just register the shares. That is what the S-1 done on Jan. 22 was all about.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8665446
The shares are NOW registered and ready to be sold once peeps exercise their warrants - (of course, only if the stock goes above .03).
As for #3: Scary thought!
BE VERY CAREFUL with this recommendation! SAPX has diluted EXCESSIVELY for years and the CEO is a scam artist. Many lawsuits, and deals NEVER get done. Deals are only carrots put out to the public to sell shares. Traders never get a very long bump because everyone always knows the dump is fast and furious - the company always exacerbates the dump unloading MILLIONS of shares the minute the run starts to move good.
Now, THAT is funny! Yes, those darned shorts and how they can quadruple the OS count every 6 months - amazing!!!!
It does NOT matter whether it is huge or humongous, because it most likely will never get done!!!!
IF it should ever get finalized, the way SAPX works, it will NOT happen for months and months on end, then end up drawing into years and years on end.
So, why would any thinking person ever invest now????
Wait a month or two or four or six or a year or two because that is exactly how the stories about humongous deals with SAPX happen.
That's right - THEY NEVER HAPPEN!!!!
Just wait it out, so you can see how much Peter has screwed it up again and again, LOL.
Dream on, if you think Peter is leaving SAPX without giving SAPX the ROYAL SHAFT on the way out - and that means reatil shareholders will get shafted DOUBLE!
What everyone has to remember is that there IS ALWAYS A HUGE DEAL IN THE MAKING and PETER ALWAYS MANAGES TO SCREW IT UP!!!
Deals that are supposed to make SAPX money ALWAYS end up COSTING the company MILLIONS OF DOLLARS.
And then to top it off, for all this fine work, Peter gives himself and his daughter HUGE salaries because they rip off the retail investors so well.
How in the hell would anyone in their right mind think Peter deserves to make $500,000 a year plus options/warrants. Hell, he does not deserve to make $20,000 a year for the kind of work he does.
It is absolutely insane to even begin to think our vote has any bearing whatsoever on the outcome of those ammendments.
REMEMBER: Peter is a scam artist as bad as they come - he is as crafty and manipulative as Bernie Madoff and even more shifty!
Yes, but we ALL know that every time Peter Hoffman secures any deal he srews it up royally by trying to rip off whoever he is dealing with, LOL
Within a month or two we will find out that this funding gets cancelled because of Peter trying to screw them over in some way or other - and THAT is why we will never see Neuromancer get to the big screen.
THAT is why all this "good news" is just yet another bag of hot air that Peter is trying to blow in the public investors' face to see if he can sucker them out of a few more hundreds of thousands of dollars so he can keep living high on the hog and still produce absolutely nothing but another line of lawsuits to show for it.
You DO seem to have excellent timing - Great Job!!!!
According to this news release they did on Jan 9, only 1 of the movies is Seven Arts Pictures.
Not sure where you are getting 2 movies for Seven Arts???
It says nothing about Winter Queen, however, it does mention Neuromancer.
No one would believe one word he said anyway.
Unless of course he was straight with us and just said: This is scam, Give me all your money and expect nothing in return.
Hey NotRichYet,
Welcome!!!!!
Yes, you can come over here and post pretty freely unless a bunch of people start to find out about how nice it is to chat here undisturbed, LOL.
I keep it pretty low key and post interesting charts when I am looking for a play. I also use all my old charts to follow plays I have been watching, or for companies that I like to move in and out of every once in a while.
I will be posting charts on the companies you recommended within a day or two so that I can watch what they are doing. I look at them every once in a while to see if they seem to move into a pattern that starts to put up some buy signals.
I am usually looking for swing plays that can last for a few days, weeks or months.
That is why I like to get input from people like you - people that like to try to find some companies with some scruples and quality, that actually produce a product or service. I then post the charts and start watching them for when I am ready to make a new play.
Thanks for dropping in.
rwa,
What does this mean? What are you trying to point out here?