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Quoted from this morning's Press Release
Motion DNA Corporation expects to be able to announce the results of its recent shareholder vote by 1:00 PM Eastern, today.
(I wish i had THEIR Clock when i was working on a deadline)
"Company executives have continued to hold meetings with Formula 51-2, LLC to work on strategies in the event that issue is approved by shareholders. The meetings have also included discussions of alternatives in the event the buyout is rejected by shareholders."
in my humble oninion, this Meeting going on past the deadline for the press release is NOT GOOD .... i rather suspect theya re doing damage control !
U GO Duratay if i had any left i'd buy more too .... but i don't have any dry powder left
anybody remember the old Pin Drop Commerical
Bullsmoke .... the PR's are already written
One for a Pass another for a no vote ... all they are waiting for is results ... then they pull the trigger on the appropriate PR
Hope i have some fingernails left by the time it finally comes out !
at this point it feels more like standing on the platform with a bungee tied to my ankles........ i for one am looking forward to the snapback part of the ride
Watching the PPS since yesterday afternoon it feels like i'm in free fall and waiting on the comforting jerk of the parachute opening and that slow gentle euphoric ride
I sure hope that PR hits the news wire early, the waiting is a real gut check
Well Said, I resemble that remark
Duraty Writes: If yes vote, good aggresive move that I'll brag about. If no, stupid, greedy move that I'll take hit for.
ok, i have a question .... this Jamir Miller and the 51-2 llc group ... if they REALLY wanted to buy this company .... why didn't they just buy a controlling interest in the company by buying up cheap shares on the open market without making a formal announcement ??
and who's to say they didn't already do that ?
It just seems curious to me that if its gonna be so close that when you are talking about this kinda money that someone WITH money didn't already stack the deck in their favor.
and if this doesn't pass ...was the whole thing a scam.
i have olmost 60K in this and i am still hoping for the best, but i have a sick feeling in the pit of my stomach.
Wall Street Climbs the Wall of Worry, but it Slides Down the Slope of Hope.
Not Soon ENOUGH !!!!!!!!!!
<Grin>
This is the last post i can post today .... so if anyone wants to E-Mail me my E-Mail is MUST429@aol.com.
5:30 PM Arizona Time
I just talked to a gal at Investor Relations she said they are hoping to have the results within the next 30 minutes and if they do, they will issue a release right away... and if not ... there will be a press release in the morning .... Basically, they are at the mercy of the firm that is tallying the votes, and until they get the results they can't say anything .... apparently it is very close ... which i really do not understand
Now, you have to understand that they didn;'t TELL me that it was very close ... that was MY intrepertation
Because if it was a slam dunk, couldn't they give a preliminary indication .... but i suppose not that could create huge liabilities for the person answering the phone at IR
The gal that answered the phone sounded exhausted, I'm sure she has had a day from Hell today
Anyway, thats all I KNOW and some of what I think.
ok, comeon ... surely SOMEONE put a fly on the wall in the office where they are counting the votes ..... comeon .... spill the beans .. quit making us poor folk sweat bullets ... tell us the truth.. we can handle it ... its the waiting that is so tough
what happens at the end of business day .. trading stops or the announcement ... and when are they gonna make the announcement .. after the end of the trading day ?
or at the end of the business day in Arizona .. thats still 3 hours and 15 minutes away ....
ohhhhhh the humanity !!!!!
<Grin>
Panic sellers, weak sisters, and stop loss orders all used up, now its time to grit your teeth and hope for the best
anyone else talked with Investor Relations today ?
and i rather suspect that stop loss orders are kicking in .... just what the MM's wanted !
i seem to remember reading that he was the ONE member of the board that voted against the buyout ..... without him this is truely a nail biter
riding this one out takes Cojones the size of grapefruits
i think its on the list between East Jesus and Timbucktu
I'll let you figure it out, here's the link
http://www.timeanddate.com/worldclock/full.html
ok, just talked to investor Relations
She said the announcement will be after the close of business today
I asked her if good news for us was good news for her and she said yes ....
and she sounded like she was in a good mood ....
so, for whatever thats worth ... i'm gonna relax and believe everything is going to turn out for the best
i assumed close of business meant close of the trading day, 4 pm east coast time, 2 pm my time, 1 pm her time, .. if close of business means 5 pm Arizona time .. thats gonna be 8 pm east cost time
ok, pardon my ignorance but what is a 50 x 200 golden cross?
when the 50 day average crossed the 200 day average ?
at 5 till the hour, NO trades showing on Fidelity either ... either they have halted trading, or everyone is holding thier collective breaths waiting to see whats gonna happen
does anyone KNOW what time they are suppose dto announce the results of the vote ?
ok, i voted 33,100 YES, so that only leaves us 8,936,901 to go
Sitting on Pins and needles here, hoping that the announcement is made early in the day tomorrow, i'm not in any big hurry to get my shares sold ... just want to make sure the deal has gone thru and the price per share isn't going to drop like a stone
Good luck to all the longs, and may the shorts get the wedgie they deserve.