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Think whatever you like, it makes no difference to me.
Just don't lecture other people who have never bothered
you.
No offense SUREBET, you are dead wrong.
When you here on the news or CNBC.
"There is a bid for the stock" or "They are bidding it
higher". A stock only can move forward when its
BID is stronger as it is a signal the MM's are
trying to inventory as much as they can to
retail it out to investors like you and me.
On the contrary, when there is too much stock on
offer a stock can't "Get out of its own way', and
struggles to move forward.
I been doing this for many years my friend, please
refrain from silly lectures. I would like the stock
to go up as well as everybody else.
GLTA
Current Bid 84,223,971 to Offer 46,978,091.
Looking good.
Bid getting really strong guys.
The bid is strengthening.
All I know is this,
Technically speaking, when stocks that have been
trading like this has for basically YEARS at depressed
levels in a constant range- i.e. .0001 to .0002,
or 0 bid to .0001, the breakout to the upside can be
massive as most of the stock has been repurchased
from investors who gave up on it by the MM's in the
stock. Once all these .0002's are done, we might be
in for a ride.
JMHO and GLTA
$2500.00 trade. Very interesting.
Hey there,
I don't know why you waste your time with people who just don't get it. I guess you and I and the rest of the
PDMI shareholders should just worry about Davis being the CEO in the "LITERAL" sense, and not be concerned that in the "REAL WORLD" sense, like increasing shareholder value, he is a joke, not the CEO.
GLTA
Listen,
I'm not interested in baby games or lectures from you, nor did I want, care about, or need your opinion. Facts are facts, Steve Davis was a horrible CEO. Wake up and smell the coffee, and by the way, I don't make things up, I tell it as I see it. Davis has been MIA for years and you talk to the board about a report nobody can seem to find but you. Take your little frustrations out on people
that don't do there jobs like Davis, not other board members. For the record to all other board members, I will no longer be entertaining any messages from icbeatsthestreet.
GLTA
Exactly the point I was making yesterday. Bid is stronger
than its been in over a year. Somebody is obviously taking
an interest in this. Hopefully it continues and this four year
nightmare of an investment finally turns around. The only good
thing about prolonged stagnation in a stock is that if it ever
does start to move, it can be dramatic as there is a thin market
above the current trading price. It makes it easier for it to have a big breakout run.
JMHO
Regardless of what you or I think, I view this stock as
nothing more than a crap-shoot. The fact is that Steve Davis has not acted as a CEO and certainly never warranted a 6 figure plus salary. If you want to believe he is still there, that's fine. All I am saying is that I am invested now purely on a speculative, know I will probably lose all my investment basis right now. If it does work out, to me it will mean I was just lucky at the craps table.
Just from years of experience with this stock tells you that if they are not picking up the phones, something must be happening behind the scenes, or else there would be no bid for the stock
and it would be bankrupt. Win or lose though, this experience
has soured my taste for these penny stocks and I will never buy one again.
I think Steve has been gone for a couple of years now, since that is how long its been since I received a return call or email from him about IR questions.
801-977-8970 disconnected, just tried before again
To be honest , I don't believe Davis ever had the shareholders best interest at heart.
When was the last time you spoke to him?
The only thing keeping me positive on this is that there are some trades going off at the .0002's and the bid seems to be strengthening. I actually purchased some in the .0002's after noticing a few other .0002 trades and not being able to purchase
any more in the .0001's. Even after averaging down to get my basis down after 4 years and a r/s, it still has to hit .001 just for me to break even. Steve Davis turned out to be a complete joke and
the SEC should ban this fool from ever running a publicly traded company again, as he did nothing but lie and dwindle shareholder value. I hope whoever is running the show now has a better handle on what it means to be a CEO, and actually does things that INCREASE
shareholder value. I think we as shareholders in a publicly traded
company are owed at least that.
Fellow Baggies,
Can anyone provide a link for this latest financial
report everyone to be is talking about,
If it exists of course, crossing my fingers for a better
2013 guys, after the last four years of misery we
deserve at least a DEAD CAT bounce right?
What a joke.
Thanks in advance for any links
Hey guys. Who is the transfer agent for PDMI?
YOU MEAN A MORON!
HAPPY DAY- NEWS!
FIRST NEWS SINCE SEPTEMBER
ITS ABOUT #$%@$% TIME EL CHEAPO DAVIS LAID OUT MONEY FOR
A REAL P.R.
GLTA LONGS
FUNNY THING IS THAT IF THEY HAVE THIS BOXED UP, MEANING
THAT THEY CONTROL ALL THE FLOAT, THIS THING COULD RUN INTO THE PENNIES. MY LIPS TO GODS EARS. HOPE HE IS LISTENING!
GLTA
Hey Stervc,
Thanks for the reply. Its obvious and plain to see as the nose on your face that this Davis is clueless and does not belong running any public company. He has been there for how long? I am thinking about organizing a shareholders special meeting to get this guy fired as he is totally useless to us. I don't know who to contact yet for the info, maybe the SEC or some other agency, but someone needs to do something before this guy continues to bleed us and maybe new investors dry. He said in his letter, that we do not want to subsist on convertible debentures and that is exactly what he is doing.
Any thoughts or ideas let me know.
Good Luck to us all, we are gonna need it.
Thanks again.
DAVIS'JOB BY DEFINITION IS TO MAKE THE COMPANY
PROFITABLE AND INCREASE THE VALUE OF THE COMPANY. HE HAS
DONE NEITHER AND SHOULD RESIGN OR BE FIRED AS HE IS
DOING NOTHING POSITIVE FOR THE STOCK AND THE SHAREHOLDERS.
HE SCREWED THE INVESTORS BY BACKDOORING US WITH A CLOSED DOOR BOARD ONLY MEETING TO GET THE REVERSE SPLIT PUSHED THROUGH. JUST
LOOK AT THIS STOCK. WHAT OTHER COMPANY CAN GO DOWN 95% IN
A MONTH- AFTER A REVERSE SPLIT? I WOULD LIKE TO KNOW THE COMPENSATION HE GETS< BECAUSE HE SHOULD NOT GET ANY.
Hey Sterv, thanks for the previous reply.
On to more current issues, the price is in the toilet and Davis' email is not working. What is your opinion hear, total scam and this guy is off to the Bahamas or what? Do you have another working email for him. Your thoughts on the situation in general are appreciated.
I Agree,
When the Bid and Ask are so far apart after a big 2 week move down it usually signals a reversal. The MM's keep the ask high so nobody buys the stock cheap. After a little move higher that spread
should tighten and hopefully a big run will begin.
GLTA Longs
Hopefully, this will not end up in the toilet today.
GLTA
LETS ALL FACE IT , THE ONLY POSITIVE SIGN IS IF THE MARKET
MAKERS KEEP RAISING THEIR BIDS WHEN SELLING IS LIGHT OR NONE.
IF THEY JUST SIT AND DON"T BE AGGRESSIVE THAN I THINK WE HAVE PROBLEMS.
GLTA
LEVEL 2, BACK THANKS ANYWAY.
Excerpt from Shareholder letter 01-25-2011
Current Financial Situation: The Company continues to actively search for an equity
investor to assist it in eliminating its debt and providing the Company with working capital to fund
current and future growth objectives. It is not the intent of management to continue to convert
convertible notes and debentures into common shares for subsistence funding as the vehicle for its
future growth objectives.
IRONIC, ISN'T IT?
GLTA LONGS (LOOKS LIKE WE ARE REALLY GOING TO NEED IT)
Anyone else having problem with Level 2 quotes for this thing? My Ameritrade account is not showing it anymore.
Sterv, I know you are up on a lot at Paradigm and you have been here as well for a while, I just wanted to know if you have had any verbal contact with anyone there, as I think the place is deserted, and what do you think of the current price action?
Selling has abated for now , the initial sell reflex is over ,
I think this will close unched or higher.
GLTA
HOW COULD HE PAY FOR IT ?
GLTA
HE COULD NOT DILUTE ANYMORE BECAUSE THE STOCK WAS 0 BID to .0001 ASK.
GLTA
BASED ON WHAT? READ MY LAST 2 POSTS. THIS GUY IS LOOKING TO LIVE OFF OF US. IF YOU CAN TELL ME THE LOGIC BEHIND THIS IDIOTS ACTIONS, I'M ALL EARS.
GLTA
WHOEVER SPEAKS TO THIS DAVIS MORON SHOULD ASK THE IDIOT EXACTLY HOW HE VOTED AT THE MEETING SINCE HE SAID HE WAS ADAMANT ABOUT NOT REVERSE SPLITTING AGAIN.
GLTA
STEPHEN DAVIS" EXPLANATION OF REVERSE SPLIT
PARADIGM MEDICAL INDUSTRIES, INC.
4273 South 590 West
Salt Lake City, Utah 84123
February 3, 2011
To the Shareholders of Paradigm Medical Industries, Inc.
The Company announced that a 1-for-100 reverse stock split of the Company’s common
stock takes effect at the open of business today. Such action results in the issued and outstanding
shares of common stock of the Company being combined in a ratio of one for one hundred, with
the result that each hundred shares of common stock issued and outstanding immediately prior to
the open of business today will be automatically and without any action on the part of the holder
thereof reclassified and combined into one share of common stock, par value $.0001 (the
"Reverse Split"). All shares of common stock so split that are held by a stockholder will be
aggregated subsequent to the Reverse Split, and each fractional share resulting from such
aggregation will be rounded-up to the nearest whole share.
The Reverse Split was approved by the Company’s Board of Directors on November 24,
2010 in accordance with the applicable provisions of the Company’s Bylaws and the Delaware
General Corporation Law, and subject to approval by the Financial Industry Regulatory
Authority (FINRA). FINRA approved the Reverse Split, effective at the open of business on
February 3, 2011. The aggregate number of authorized shares of common stock and the par
value of the common stock were not affected by the Reverse Split.
Sincerely,
Stephen L. Davis
President and Chief Executive Officer
RIGHT FROM THE HORSES MOUTH-PARADIGMS WEBSITE
GLTA
PERSPECTIVE
WE ALREADY SURPASSED 1 BILLION SHARES TRADED AT THE OLD PRICE.
JUST FOOD FOR THOUGHT
GLTA LONGS
Guys, the PINKSHEET O/S number is wrong. It is a lot more than that. They just took the old number they had and applied the 100:1 reverse split to it. Due your D.D. and read the last Q to get the right number.
GLTA LONGS
DID ANYBODY ELSE NOTICE THAT LEVEL 2 WAS AVAILABLE AGAIN FOR THE NEW SHARES? SAW IT ON MY AMERITRADE ACCOUNT. LOOKS LIKE OTC BB
IS BACK.
GLTA LONGS
FEEL BAD FOR ALL THOSE SMUCKS WHO SOLD OUT CHEAP HAST YEAR
GLTA LONGS
http://www.wallstreetshotteststock.com/ticker.php?ticker=PDMI
Found this on Yahoo MB.
Could be the start of a run.
GLTA
www.paradigm-medical.com