Oil has yet to bottom, WAKE UP!
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Those companies went bankrupt, I don't see that on Lorsch's resume.
Interesting, no longer on threshold security list.
http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold
There hasn't been much trading since getting on this list, if it was naked shorting, how did they cover without trading?
No Website?
Maybe an update website soon.
http://www.iaglobalinc.com/
The company is just barley getting by financially on developing the main products. The horse deal is more like something extra they can focus on once the phr/ehr take off. Bob is just trying to allocate the resources to the most important first.
One cent is a psychological support/resistance. If we break that the category of sub penny would not settle well with many investors. This is more of a test of will power for longs.
From what I've read about it, yes, not a very big list too. As far as I know the company has not made this list before.
This is also an indication of the relatively small float.
Charles
We will be their soon with the next reverse split and then back to pennies...
More like sub penny till you can't take it anymore, sell, feel relived, then to see it pop to $0.05 cents. Then your like this thing is defiantly going to 30 cents, invest again, and next year, bankrupt.
Interesting, Nasdaq ‘Threshold’ list, IAGI.
IA Global made Nasdaq, June 4th “threshold securities” list:
http://www.businessweek.com/news/2012-06-04/nasdaq-threshold-securities-for-june-4
"The list consists of stocks for which sellers failed to deliver 10,000 shares or more in the past five trading days and the level of “fails” is a minimum of 0.5 percent of the shares outstanding. Securities are listed alphabetically by ticker. "
Once a company is added to the list it remains there until the 'fails' fall beneath the benchmark standards for five consecutive trading days. Many stocks that have allegedly seen naked short selling will end up on this list.
I would offer $50k on the gamble that I can get $75k on the open market. Taylor Armstrong gives zero value to the ring.
Any shareholders want to bid?
Who the heck would buy from us anyway, zero feedback.
17h 57m 57s left
zero bids.
We would be lucky to get $150,000
MMR - "we will continue to incur losses and negative cash flow from operations for the foreseeable future and our ability to continue is a going concern."
MORE CASH BURN, GRANITE WILL LATER BACK OUT OF THIS STOCK PURCHASE DEAL.
CREDITORS WILL LIQUIDATE THEN BANKRUPTCY IN 2-3 YEARS.
ALL DOWNHILL FROM HERE...
Did you guys submit your Proxy Vote?
I voted against everything, maybe that will send a message to BOB, maybe not...
I added some to my position today, had to take the opportunity to buy at these levels, helped my cost average alot.
The daily trading that's going on is just a few shareholders and some MM's moving things around.
Today we only saw less than $5400 worth of trades, that's nothing. Real action would be tens of thousands of dollars worth of trading in one day.
With as much DD as I can do, IA Global is still more like gambling, even with really good assets, real financial problems can lead to bigger problems.
At the closing of Zest acquisition, from one of the filings, I saw, can't remember which, the company valued the assets around $2.2 million dollars. The comments of Zest looking into geographic expansion after the earthquake and it's potential is what keeps me very interested in this company.
I just read the headline now, don't bother wasting time on the PR unless it's something significant.
The PR pump is getting old, Bob should focus more of his attention on getting a sales team, ect...
So far the business plan has been terrible, Bob is just a terrible promoter/salesmen, get a professional team on-board and get this thing moving.
Bob is just a visionary, too bad shareholders don't have a say, since Bob and management pretty much total control.
What information specifically? I get most of it from the SEC filings.
IA Global SEC Filings
I have been following this company for a few years so pretty much know most of whats happened and just reference to the SEC filing to fill in the blanks sometimes.
Was a shareholder, cut my losses at $0.02 cents, looking for a reentry point. I'll get more interested when we go to the lower penny levels, at least get more shares than I has before. Already lost 3K, hoping I can make it back later with more shares.
Maybe Bob can pull off a hail mary.
A reverse split would be lethal, unless it was tied to a reverse merger.
If Bob can manage to reverse merge with a larger company and get us off the Pinks that would be amazing.
Management and Bob will agree to the reverse split and then were all screwed. Us small shareholders have no impact.
If they see a stock that is tanking as fast as MMR, why waste money on that companies PHR, you have no idea if the company will last another 2 years. They look at MMR and see financial distress in a few years, possible bankruptcy at the rate were burning cash.
The Hospital would want to pay for PHR's only from a stable company that they know will be around, otherwise the investment with MMR could be a loss if the company goes bankrupt.
Acronym for MMR
M - Misleading
M - Management
R - Ruins
G - Gambling
L - Lorsch
O - Overconfident
B - Bam
A - All
L - Lost
What can you guys come up with? I find it therapeutic. I hope that last part doesn't happen.
No accountability for this POS, Bob needs to get real with the shareholders and tell us the TRUTH. Tell us strait the underlying problems the company is facing instead of letting your EGO drive us into the ground.
another 100,000,000,000 shares
another downtick
another pr
another car allowance payment
another life insurance payment
another 180,000 salary
another basher sting operation
another failure
Hopefully no more anothers. This company is just delaying financial distress because Bob will sink all his money into it until he's broke, after that if we still lack revenues, the real trouble begins.
I lost 3k, luckily limited my losses by selling out at $0.02. I might get interested again when we go to sub penny or after they announce a reverse split, OS is getting Crazy!
No. I sent a few messages in the past but they don't respond, any comment other than whats been made public would be considered inside information.
That's the gamble with pink sheet companies, lack of public information, lack of liquidity, and lack of financials. All I can do is speculate.
Share Structure and Ownership Breakdown
March 31, 2011
http://www.sec.gov/Archives/edgar/data/1077634/000116169711000492/form_8-k.htm
Reported 13,858,194 shares + 1.5 mil warrants = 15,358,194 shares
15,358,194- 2,400,000(soon to be canceled shares from PowerDial, reported in latest 8k)
That's 12,958,194 shares outstanding including warrants.
Ownership
1) Private Placement
Take into account last years $375,000 private placement, the accredited investor got 1.5 million shares at $0.25 and 1,500,000 warrants with an exercise price of $0.35 per share and a term of 3
years.
That's 3 million shares assuming they exercise the warrants.
2) Large Shareholders
December 17, 2010
Schedule 14A
http://www.sec.gov/Archives/edgar/data/1077634/000116169710000981/schedule14a.htm
Greater Than 5% Ownership at the time
RXR Cross Border Investment Un
384,192 shares
Inter Asset Japan LBO NO 1. Fund
660,738 shares
Partner's Fund Corporation
500,000 shares
MGVJ Co Ltd.
642,667 shares
3) Management:
Past/Present CEO's, board members directors own a few hundred thousand shares combined.
4) Acquisitions:
Johnny
280,000 shares post split
Car Planner
500,000 shares post split
Zest
666,667 shares
5) Other Shareholders
Jul 14, 2010 Reported 1,300 Shareholders maybe little less now holding possible several million shares
Tight float and positive news will change things dramatically, because shares can easily go in short supply.
Still considerable risk on the table with litigation, liquidity problems, and no clue where the company stands today financially, and state of Japanese businesses.
The tradable public float is much smaller than that, more like several million.
The liquidity is very low during that time there were only a few shares on the ask at lower prices, so for that person to buy any significant position he had to pay up.
No catalyst and not very significant trading.
If we get any significant news you would expect several hundreds of thousands of shares to trade, so far we have yet to get any.
Same thing happened in early March, little run up to the 35 cent level.
If you have a small position you may be able to catch a run-up like this. The Bid-Ask spread gets pretty crazy and usually very low liquidity.
Myself personally am just holding. I get email alerts when they file with the SEC. I look forward to the next one. I wonder why they don't comment on any of the Japanese companies, at least give us an update on how business has been going. So many unanswered questions.
Fully diluted with outstanding warrants from last years $375,000 private placement the OS was 15.3 million. It's stated in last years presentation.
The company put a stop transfer order on 2.4 million shares that were associated with a deal for PowerDial Systems in the UK that went bad.
Once those shares get canceled that puts us at about 12.9 million shares outstanding. at 5 cents were trading at about a $645,000 market cap.
The valuation for Zest alone should be far beyond that, not to mention the few other Japanese businesses.
The private placement investment was made at $0.25 after the tsunami/earthquake, they saw the real opportunity in IA Global's Japanese investments.
Also the Zest acquisition was made at $1 per share December 2010.
Plenty of large deals and money has been put into this company since they restructured few years ago.
Just waiting for that day... when we finally get a financial report.
I have tried months ago but got no comment about Zest, I guess it would be considered inside information.
Here is the Facebook account for our past CEO, now secretary/director, signed our last 8-k:
https://www.facebook.com/hoekstra
This is his personal email:
hoekstra@aol.com
He moved on to startup a solar company in him hometown, this was his passion and what he spend most of his life learning/developing.
If you learn about anything significant let me know.
The revenues from the Japaneses businesses, especially Zest should be significant.
Here is the website for zest
www.zesthome.jp
I have been waiting over a year to see some numbers, hopefully soon.
Patents are worthless unless they get used or are infringed upon. With last quarters revenues it's safe to say so far their useless. Until those patents bring in some serious money their useless.
800mil valuation is just crazy talk, just like the hype for the facebook IPO, but in this case investors are not buying that crazy valuation, time will tell.
Maybe I'll get targeted in the next operation mole, lol. If Bob ask me any questions I'll just remind him with a stock chart of the last few years,
Currently the company is illiquid. That doesn't mean they are going insolvent.
The 8k mentions nothing about the Japanese companies. Depending on how the Zest, Car Planner, and Johnny are structured, the Parent company(IA Global) may not necessarily have easy access to their profits.
We are only getting part of the story here and there is much more undisclosed information, were just going to have to wait for more news.
Judging by the lack of trading after the news, nobody is selling. If we saw massive selling volume after this news we can assume that means more trouble, but this is not the case.
For me above all things I am interesting in seeing the numbers for Zest, this should be our most prosperous acquisition especially after last years tsunami.
The litigation was a surprise, but the sale of PowerDial was not, I found an article months ago about it from the UK.
Don't wory BL will issue more dept to himself to finance the company and dilute everyone including himself. Bob Lorsh will eventually bet all his money on MMR. That doesn't mean we will succeed
$172,798 Revenues WOW!!![color=red][/color]
Bob Blamed Bashers and probably wasted time and money going after them, only to post continually loosing quarters, what gives.
The message boards are a public forum and we have the first amendment right to post our views positive and negative.
Until any solid improvement shows on the balance sheet or a significant deal with cash is signed were most likely headed to sub penny. Right now we really are getting screwed.
I'm looking for a reentry point into MMR around a penny, cut my losses earlier, hoping at least I can increase my share buying back lower, hoping the company doesn't run totally into the ground.
They need money soon, otherwise we'll start getting to real trouble.
I think people give Bob too much praise here. MMR is still a dream may or may not come true. All the hype and PR's doesn't change anything. Investors can only take so much until they write this off as a loss. Maybe ones down 60% should you cut the losses now or risk waiting a few more months for massive dilution and possibly going down further? I couldn't take it and cut losses around 2.3 cents, I think Hermoso went the same route too. Good Luck to whoever's left.
I would have my drivers license that's in my wallet on me every time I leave home. Insurance policy is with the insurance company. Pictures are on Facebook and online elsewhere. Passport I can get a new one, not planning on fleeing the country after house burns.
Medical Records at doctors office are digital already by 2014. So the PHR is useless when the medical records are already digital by 2014. So if the doctors office burns down it's still available, duh.
You loose everything, but the records are safe at the doctors office duh? Only makes sense if you have lots of medical; problems, being 26 with barely and health history it's a total waste of money.
If your 50 and have diabetes and some other problems then it might make some sense, otherwise total waste. Just get the medical records from the doctor.
All this PR pump doesn't work, investors are barley willing to pay 2 cents for this stock, especially after they issued more paper.
Maybe one day Lorsh's vision will succeed, but until then all I see is were heading to Favrille levels.
35 CENTS ALL THE WAY DOWN TO 2 CENTS, WHATS NEXT A PENNY?
Anyone with L2?