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Rally Time!
http://www.rallymonkey.com/oldvideo.php
Just my opinion of course.
-funmaxus
Moderator, please delete this and my last posts going back to Friday, March 27, 2009. Thank you kindly in advance.
At least there is something new to argue about/discuss. Interesting phrase there...
"...1) You are hereby requested to convert "
Complicated by the last PR of a break even in 3Q.
RPDM back at $0.0003 again. (Scratching my head) Ok! GO RPDM!
-funmaxus
Wonder if we will see those end of day t-trades again. Used to look forward to those large surprises. Going to be hard to keep this one down again, especially with the right news. Don't know about y'all, but I'm getting a bit excited about the prospect.
Good luck to all!
-funmaxus
Welcome to Hotel Cali. Yawn.
I'm sure CYB can answer any questions about RPDM.
If CYB weren't suspended.
Looks like we will have to wait until Tuesday, 3/31/2009 5:31:53 PM Eastern.
http://investorshub.advfn.com/boards/profile.asp?user=135898
Recent NEW Info and NEW Questions:
-Called Pac West TA at 509,926,2330 and the new O/S is: 428,057,756
Note the I-Box presently shows:
*SHARE STRUCTURE*
AUTHORIZED SHARES: 5,000,000,000
OUTSTANDING SHARES: 389,557,755 (3/3/2009)
FLOAT: ~ ?????????????
That's almost a 10% increase in the shares from the last update shown on March 3, 2009!
-Called the IR found in the I-Box, 775-887-0670 and was advised that they no longer accept phone messages, and that occured a couple of months ago. Note: that the Rapid Fire Marketing Website http://www.rf2020.com/index.asp?PageAction=Custom&ID=1 still shows the IR firm with the same telephone number.
-Called Rapid Fire Marketing at (760) 434-9300, and an answering machine picked up with the outgoing greeting: "Hi you have reached Angel Acquisitions....
Unanswered questions:
1. When should we see another PR released, and more specifically, when will information regarding the OTC Yellow Pages information PR be released?
2. Why the increase in O/S to 428,057,756
3. Why is the IR listed on the website indicating that they have no relations with Rapid Fire Marketing and is there a new IR?
4. Why is the telephone number listed on the Rapid Fire Marketing Webiste directing callers to Angel?
5. CEO's Bio: http://www.stevebonenberger.com/bio .... Uh, Currently, Mr. Bonenberger is the President and CEO of Palomar Enterprises, Inc? Who is the CEO then? Pink Sheets information out of date. http://www.palomarenterprises.com/ at bottom of page, there is a link: palomarenterprises.com is for sale, and the minimum offer is $480.00! https://pubman.domainsponsor.com/buyer/for_sale?a_id=77909&domain=palomarenterprises.com
NOT HAPPY. LOT'S OF EXPLAINING WILL BE NEEDED.
: (
-funmaxus
Anything may be possible.
Food for thought:
I can still remember my great grandpa telling me as a youngster that, "You gotta hold your mouth right if your'e ever gonna catch a fish" After numerous facial contortions, I finally landed a small blue gill. He then took the hook out and said, "Well that's a start!" Then he threw the fish back in the water. I became upset and ran off and then I heard him yell, "You ain't never gonna catch fish that way!" He later came back to the house with a large string of bass...
Moral of the story: If you are not fishing, you have nothing to eat. If your fishing and not holding your mouth right, all your bait is wasted.
God bless him, he was a good man.
JMO. GLTA.
-funmaxus
Hey bro,
See my previous math on the topic: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35897527
Included in the link will be a link to 141 Capital's webiste pdf file explaining common stock to preferred, valuation and finally preferred stock to common stock conversion.
-funmaxus
Quickly lost interest in the matter after the matter was dropped/settled. No publicly announced retribution helped the cause here considerably IMO. Started to think that there might have been a bit of sunshine. As far as I was concerned whatever the problem was, it was a non-issue. BUT, real bad timing to mess with the shares. Hope they figure out how to be a bit more transparent and throw a bone out there to all.
-funmaxus
Moved from Florida in July 2006. My neighbor Bob just matched your description, except the teal/blue mustang convertible of course.
If my tired, irritated brain remembers correctly there was a post indicating that the investigation was dropped, along with the share price of course. GRRRRRR
-funmaxus
(My soapbox rant not directed at you)
So, a debt free company is diluting and will continue to dilute into each PR? Unless there is a real good believable story along with full disclosure, transparency and some serious apologies to investors... , this stock is done. Hope management likes building shareholder value with a zero bid at $0.0001. Unless bagholders, err shareholders have trust in the management, it really would be better to sell at the $0.0001 than get smacked with the R/S and more dilution.
:(
JMO. GLTA.
-funmaxus
Supposedly the "news" will be out by the end of the month, which leaves Monday and Tuesday. Is there still any intention of getting out a positive PR by then, or is it the end of next week? Questions not necessarily directed at you, if anyone can answer the questions, please feel free to jump in. Thanks in advance.
-funmaxus
My toddler broke in sequence: the camcorder, digital camera, stereo, my wife's cellphone, and my cellphone. So, I decided to get the Casio G'zOne Type -V Cell phone. Its going on a couple of years now, and my toddler is now a little older, so I've contemplated getting a new cell with all of those great features I used to have, but it would mean giving up my superman phone! I'm hoping Casio comes out with one with a few more features before upgrading. Here's someone's You Tube vid on the model I picked up a couple of years ago.
Not sure what to make of this one. One of those head scratchers.
Day 1: Hmm, interesting went up keep an eye on it.
Day 4: Forgot to check. Darn, went up.
Next week, what's going on here? Ya know?
PXCE
Anytime big boards are on a rally, whether bear or bull, money gets sucked into it like a magnet. A sustained 8000 Dow with a 850 S&P to me will be a critical test of a real start of a bull market, and right now its beginning to look like a bear market rally with the shorts having to cover. Today may be rather critical for big boards to break certain resistance points and if it fails, the big boards may be in a new little trading pattern for a bit. Friday is generally profit taking day, so trade plus three means that maybe next Wednesday some crumbs may fall to the overall OTC/Pink. Of course, if a OTC/Pink were to announce something really really big, then it might pop, but for now the nanos like you pointed out are stuck in a rut at the present time.
-funmaxus
I'm guessing that any PR will now be next week?
-funmaxus
Ah, a billion here a billion there. Pretty soon, we might have a rather large number of shares in Hotel Cali! I'm just happy knowing my US greenbacks are supporting the coochies in bowleevia.
My guess 17-18 Billion
Easier to calculate in my head later on!
-funmaxus
1.2M was mine. Picked up the amount to have a whole number in one of my trading accounts.
-funmaxus
Not asking you "kiss and tell" but perhaps a little hint can be provided to all looking for a wee bit of sunshine that a PR is indeed coming and perhaps an eta of that forthcoming PR?
Thanks in advance. Good luck to all!
-funmaxus
What is L2 showing?
Bid?
Ask?
Thank you for the confirmation. Good night.
Altruism is ultimately false. Therefore your answer is not logical.
Not trying to be a problem. Just tryting to decipher the latest PR.
Then based on the location, there are two principle operating companies.
Antimony
http://minerals.usgs.gov/minerals/pubs/country/2006/myb3-2006-bl.pdf
Page 9
Major Operating Company and Main Investor
Compania Metalurgica Vinto S.A. = Compania Minera Colquiri S.A.
60 Metric tons produced in 2006
Fundestano de Oruro S.A. = Empresa Minera Unificada S.A.
1,100 Metric tons produced in 2006
Questions: How close is the mine stated in the PR to Escala distance wise.
Note the Compania Metalurgica Vinto S.A. has a smelter...
Bolivia's San Antonio de Turiri Antimony mine
For Antimony, see page 9 of the USGS in the link for Bolivia below.
Granted, this document was issued in 2006, but it does indicate some interesting information, including no mention of the mine stated in the PR. I'm still looking for the mine though. Anyone else have any thoughts on this latest PR? Antimony, is added to steel to make it harder. Many antimony mines had financial difficulty as the price dropped faster than expected at the end of last summer, leading to over supply.
Bolivia
http://minerals.usgs.gov/minerals/pubs/country/2006/myb3-2006-bl.pdf
South America
http://minerals.usgs.gov/minerals/pubs/country/sa.html#bl
A hearty congrats is due here! Your first? I think we will all understand if you are not able to post as much as before. Get as much sleep as you can! Thank goodness my little one is now 5 yrs old.
Best of luck to you!
-funmaxus
First, I rolled the dice to not convert. No sour grapes, no tears here.
My primary concern with 141 Capital is that no new investors or existing shareholders are terribly interested in buying the common stock. The reason of course is that the company has been suspected of diluting to pay the electric bill while at the same time the preferred shareholders have the option of converting from preferred to common shares. The result will be a further drop in share price, and a no bid, which is dangerous for 141 Capital, as it may become difficult in order to dilute until break even is reached. If 141 Capital is unable to dilute to pay the bills prior to break even, then well, Bankruptcy? All parties will be impacted if this were to occur. The advantage for preferred shareholders is that they at least get to stand in line before common shareholders, but creditors always come first. Unfortunately, 141 Capital may not have sufficient assets to recover to pay the preferred shareholder.
I've tried to wrestle with this one for a few days to come up with a meaningful solution, but unfortunately, there may not be enough time to execute. Of course the problem would be solved IF enough money were to suddenly appear in the trading pools with excellent trading results continued. Unfortunately, the big boards are rallying, and getting new money in may be challenging at best.
Solutions for 141 Capital to pay the bills without diluting into common stock: (Go ahead and laugh y'all, but if you have a better idea don't keep it to yourself!)
1. A direct offer to issue preferred stock with no common to preferred conversion.
2. Direct round of restricted.
3. Some type of sweetener available to the preferred shareholder. Not thrilled with it, as it would change the original offer made and therefore some type of offer may need to be made to common.
Unfortunately, without being privy to the financials, its not clear what the financial condition of the company is in to try to figure out just how dire the situation is. However, if the company didn't need the money, dilution would not have happened.
Of course there's always the conspiracy theory of FTD/NSS for dilution....
Oh well, will just continue to roll the dice some more! That's what makes it really fun in the pinkies.
JMO. GLTA.
-funmaxus
Dear spitburger,
I do not mean to upset you and if I have, please kindly accept my apologies. You are absolutely correct in your opinion in that you have a binding, legal contract which has been executed through offer, acceptance and consideration. Mr. Stone, I'm certain is more familiar with this as a lawyer, and I wouldn't expect that he would attempt in any way to breach the legally binding contract. The discussion of late has been the concern over 141 Capital's recent dilution, which presumably will continue until such point that 141 Capital is capable of breaking even. The real concern is that the legally binding contract to convert preferred shares into common shares comes at a moment when 141 Capital is still diluting in order to pay the electric bill. The somewhat minor dilution, in combination of the pending ability of preferred shareholders to convert their shares into common shares may create an unsavory no bid situation until such time that 141 Capital is able to break even, which may ultimately may jeopardize everyone's investment in 141 Capital.
While a few have pointed out that preferred shareholders are immune from a future reverse split, it still doesn't solve the problem of a few preferred shareholders going forth with the offer and convert their preferred shares into common shares, as it will be competing with the shares being issued by 141 Capital. I'm not suggesting that you or any preferred shareholder be denied the ability to convert, rather I've suggested in prior posts that some type of offer be made available to existing preferred shareholders to keep the preferred shares a bit longer, and in exchange for delaying the conversion, the preferred shareholder be offered some type of sweetener. Or perhaps another type of offer be made available that as of now hasn't been discussed in order to maintain some interest in the common stock long enough for 141 Capital to continue with dilution until breakeven is reached? I'm not entirely certain that a solid PR would do the trick right now due to the concern of dilution and the pending conversion of preferred to common shares.
The problem for 141 Capital in the short term is that despite very nice trading results, no new investors have taken much interest in buying common stock nor have existing shareholders been terribly interested in buying the common stock due to the aforementioned problems. While minimal dilution is understandable, and could be accepted by potentially new investors and existing shareholders, the idea of potentially billions of shares entering the float as a result of preferred shareholders converting their preferred shares into common shares is not acceptable. The reason it isn't acceptable to new or existing shareholders of common stock is that the pps would fall substantially, and another reverse split may occur. Thus, 141 Capital may run into a serious and potentially dangerous situation of not being able to dilute further due to a no bid problem. 141 Capital may be on the verge of being great, but in the interim, is faced with a very delicate situation.
(Questions not necessarily directed at you and kindly do not be offended) In a previous PR, 141 Capital indicated that break even was now expected in the 2nd quarter. Would that be April, May, or June? Is the previous expectation of breaking even based on being able to obtain additional funds in the trading pool(s) or is there enough money in the trading pool(s) that we are unaware of which would allow 141 Capital the ability to breakeven with continued excellent trading results? While I-Hub may be popular, it may not be read by all existing preferred shareholders, nor can anyone predict the behavior of the preferred shareholder. Also it is my understanding that the bulletin boards are not read by the officers of 141 Capital.
I chose not to convert any shares and go for the ride and take my chances. By suggesting that the preferred shareholder be allowed a sweetener doesn't necessarily settle well with me as this is changes the initial offer, but I also realize that 141 Capital must still dilute until such time that it is capable of breaking even. Unless the situation changes in the short term to resolve the pending conversion of preferred shares into common shares, 141 Capital may not be able to dilute due to a no bid.
In the short term, if an amicable solution can be arrived at suitable to all parties, or even a compromise to prevent a no bid situation, it may have a positive outcome in the long term. The question then becomes, what type of offer could be suitable to all parties and how best to go about doing this? At the moment, I started the informal list of delaying the conversion from April 1, 2009 to a later time. For my part, again I'm sorry if the title was poorly worded and caused you or any other preferred shareholder angst. The individuals on the list I believe understand the problem(s) and are very much long on 141 Capital, and would like to see the company through to success.
mtncabin, I feel did an extraordinary job of presenting ideas to this bulletin board for discussion and followed through by discussing the concerns with Errol. There are others that have also contributed in kind as well. To you and all, that have contributed, and most importantly those who believed in this endeavor called 141 Capital from the start, a sincere thank you is due, but the celebration of 141 Capital's success of breaking even is just slightly out of reach. In the interim, I sincerely hope that this rough patch can be bridged and a solution provided allowing 141 Capital to dilute until breaking even.
I do not intend on driving a wedge between various parties, who have a vested interest in 141 Capital, so for the time being, based on your post I believe it may be in the best interest for all that the list be discontinued, unless consensus dictates otherwise.
JMO. GLTA.
-funmaxus
List of individuals for moving the conversion date from April 1, 2009 to a later point in time:
1. longhornbill
2. TEMPLETON1
3. funmaxus
4. milo3
5. Gmenfan
6. mtncabin
7. (Who is going to be lucky #7?)
List of individuals for moving the conversion date from April 1, 2009 to a later point in time:
1. longhornbill
2. TEMPLETON1
3. funmaxus
4.
I enjoy your posts very much, thank you for efforts. A sweetener to entice the preferred shareholders to keep them parked where they are while 141 gets her legs may go a long way in the short term.
MC, Thank you for your posts as well.
Good day to all! It finally stopped raining here in K'vegas, so I'm out!
-funmaxus
If I were a subcontracter, looking to put some beer money in my pocket that's what would say to Mr and Mrs Happy Homeowner, while trying to sell Jim Bob's leaking septic system!
"...And what magnitude are we talking about? It is a complete mystery to me to know how many shares have been converted."
See the previous link whereby I attempted to calculate that number. No one presented an argument against this estimate.
MC and to all, I'm not bashing, just trying to use some rational thinking here as we have become a bit too irrational here as of late. Except for my comedy act with nicehit, no bashing here by the fun.
Soapbox time (I'm a Cowboy fan, but I wish Vince Lombardi where still alive to give this speech)
I seriously doubt all will immediately attempt to convert, as one has to SELL those converted shares. If too many get converted and after the conversion we end up further in the triple zero land, then a R/S? HA! Don't believe those holding the preferred shares would be sooo greedy as to destroy what gain they achieved. The suspected dilution by the company while they get their legs would be nothing compared to the dilution that the longs who hold preferred shares. Sooo longs with the preffered shares, the PPS IS IN YOUR hands as YOU HOLD THE DESTINY OF THE PPS IN THE SHORT TERM! Those longs who chose to convert little or nothing need a bit of encouragement by the longs holding the majority preferred that you guys aren't going to dump all at the same time.
(ViNce chomps, then throws his cigar down) SO GET OUT THERE AND SMACK THAT ASK! DON'T GET BEAT BY THE OTHER TEAM WEARING THOSE SILLY SHORTS!
JMO. GLTA.
-funmaxus
As of March 25, 2009, the average five day period begins. Given today's ending pps, 3,406,440,469 shares would be issued. However, that's IF everyone were to convert ALL their preferred shares to common shares at the same time, and then ran the risk of causing the pps to drop below $0.0006. A large conversion by all would be detrimental to anyone who then converted... So, its all about timing.
My previous calculation: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35897527