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What Does Authorized Stock Mean?
The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. This figure is usually listed in the capital accounts section of the balance sheet.
It looks like it's definitely going to be mentioned though, which will likely cause a stir in the PPS.
The problem is that is the same logic that people use every quarter. Go back to previous quarters and you will see people stating, "I'm expecting bigger numbers next quarter due to the (fill in the blank) campaign launch." This is what, the 4th or 5th Canadian launch and about the same for the UK? Maybe Greenwood Group was the missing link and the new packaging will seal the deal, but at some point you have to worry as an investor.
That being said, I agree with many on the board that this is almost purely an FDA play. People are gambling on approval and hopefull intend to make their money on the spike that would accompany such an event as I don't think it will hold long once it starts trading more on fundamentals and less on hype. IMO, of course.
Due to the magnitude of the pending deal with the Italian based group, the name of the entity will be introduced once we have a completed deal.
That's standard in most struggling OTC traded companies, although they usually include language such as "Management believes they will be able to obtain sufficient financing to continue operations though for the next XX months."
One thing I do find interesting is that they noted sales to eMarket of $980 for the quarter, and nine month sales of $214,767. That doesn't seem odd on the surface, but in their Q2 filing they noted 6 month sales of $236,301. So sales YTD sales actually dropped $21,534 in Q3.
It's hard to say, but my guess would be that it gives up some of the gains from yesterday based on the lackluster sales. I don't expect a huge selloff or anything because I think the Dr. Oz hype will keep it buoyed at least until the show airs. Now if their products aren't presented on the show, or are barely mentioned, then I think tomorrow will be a different story. All IMO, obviously.
Did nobody notice that BIEL filed their Q3 report yesterday?
http://www.otcmarkets.com/financialReportViewer?symbol=BIEL&id=65388
$43K in sales. It also appears that they have indeed begun diluting directly into the opem market again. Sales to eMarkets back down to $980.
Apparently Toldyaso confirmed as well.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69006410
You can also call the TA yourself to verify.
So far this year they've issued over 600 million shares, and now they're going to retire 38 million that never even hit the open market. What a DEAL for shareholders!!!!!
Daytraders should start popping up at any minute based on breakout alerts. Could be an interesting ride today.
I read the 10Q.
On October 24, 2011, we sold 15 million of our shares of the common stock of Carbon 612 reducing our holdings to 15 million shares, or about 33% of the presently outstanding shares of Carbon 612. We received $27,000 in cash and a commitment for additional consideration of a portion of any gains of the buyer if it is able to arrange for the merger or sale of Carbon 612 within the next three years.
GB, I'd really be interesting in hearing your opinion of Andy after talking to him as you seem to be one of the few non-biased people on this board. Give him a call and ask what's going on. I'd be curious to see if he is willing to disclose the reason for the recent dilution as well as if he will provide an update on his family's current share holdings.
The only "weak hands" selling are the ones responsible for the increased OS over the last month+, IMO.
Wow, million more being dumped on the bid this afternoon. This thing won't hold above $.003 for long if this continues.
If she had called a random FDA employee 2 years ago, and given the information available at that time, she likely would have gotten the same answer. That post is really silly.
LOL, exactly. Those ridiculous excuses for financial statements are worth less than the bandwidth it took to download them. They are 100% pure BS and no auditor will ever be allowed to look at BBDAs books because all of the FRAUD would be exposed.
Not if they continue to sell it off. They have already sold 2/3rds of their interest in Carbon 612, which owns the XTRAX patents. CSKH now owns 1/3 of Carbon 612 and it looks like they're trying to sell the rest as well.
Even at today's price the Whelan family gets a 3:1 return on their debt coversion. Assuming, of course, that they haven't lowered the conversion rate from $.0012/share. The conversion rate will drop if the price continues to dip.
There wasn't enough volume last week to sell those 20 million shares that were issued. Somebody had more to offload, and they're doing so today.
BW is the CEO of the company that this board is dedicated to. As such he is a public figure and "attacking" him is not a violation of the TOS. Maybe you should read them?
Didn't say I was smarter than anybody. You did see where I said, "IMHO" correct? It's all conjecture unless it shows up in a written, verifiable document. I didn't see you telling UK to keep the board "grounded" when he floated the unverifiable $.20 buyout offer in the first place. Maybe by "grounded" you actually meant "positively slanted?"
IMHO he never received such an offer, and if he did it definitely wasn't a firm, written offer.
Nevermind what this post previously said. The "Other" revenue was from some consulting and selling of inventory, most likely from cancelled projects. I should have read further down into the notes before I posted.
10Q is out. $30K in contract revenue for Q3. I guess there was a reason they went radio silent.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8237487
Whenever insolvent non-reporting pinksheet companies pull the buyout/merger card it's time to be extremely careful, IMO.
If you honestly believe that he turned down an offer to buy the company at 40X-60X the market price then you are in for a world of hurt trading Pinkies. Those ridiculous rumors are floated out there specifically to keep people along for the ride, IMO.
Anybody that believes this company is moving more than a half million dollars in product a quarter is asking to have their money taken away from them IMO. Do you realize how many cans of hormone laced grape soda they would need to be selling in order to bring in that kind of revenue? FRAUD. PURE FRAUD. The drinks are available for sale on the internet and in 5 NC convenient stores. No way in the world are they selling thousands of them.
Actually they taste fairly different, but I'm not sure what that has to do with anything. I can have a coke in the morning and a pepsi in the afternoon, but I'm not going to load multiple texting and driving apps on my phone. Anyways, I stated my piece and I'm out. Good luck to you guys.
IMO, OPMG had a window to be one of the first to bring this type of product to market, but that window is quickly closing. Both AT&T and Sprint have already introduced free driving apps and I expect they will all have them soon enough.
http://www.wane.com/dpp/news/app-takes-tempation-out-of-texting-while-driving
They may not provide for all of the functionality of the phoneguard app, but most people are going to find they are good enough.
A few small buys here an there to prop up the bid and then they drop the hammer.
If the bid falls below $.004 then there should be some swing trading opportunity here today.
Ouch. 800K shares sold at $.004.
After a false start last year with a TV package that we were working on
The Export-Import bank does not provide financing to BIEL. BIEL buys an insurance policy from them insuring that they'll get paid on the products they sell to foreign entities.
Thanks for making the call again GB. So that means the OS has increased by 211 million since 6/30/2011 and 330 million since the beginning of the year. The slow process by which they've increased the OS makes it seem almost negligible, but looked at in totality that's a 21% increase in the OS since 12/31/2010. That is significant and further limits the upside when/if FDA approval is announced.
Normal? I thought it was normal for funds from operations to fund daily operations. Or existing lines of credit. The dilution right now is debt conversion, owned by the Whelan family, at over an 80% discount to current market price. That is not normal by any sense of the word.
It also looks like the big seller is back today, so maybe the dilution faucet is still running.
I brought up the questionable sales to eMarkets right after the last set of financials were released. The majority of the board decided that it was a non-event, but to me it was an obvious ploy to pump up revenue numbers for the quarter so the dropoff from the previous quarter, and previous year, wasn't as obvious. They tried this same tactic back in 2009 with the bill and hold transactions to eMarkets and Joe Noel's company that their auditors later forced them to restate. I personally find it hard to believe that eMarkets is moving that much product given how little they've sold in the past. All IMO, of course.
I've personally never doubted MM's claims, and I'm not sure why Olaf has. I also don't doubt MM when he says there is no significant traffic going into and out of BBDA's headquarters.
I didn't think there was much of a need to post a link to SEC filings, as that should be one of the primary sources of DD for most investors, but here you go.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001402857&owner=exclude&count=40
Still trading in this range? No, if you like the prices here then you'll be giddy with happiness at the price you'll have to pay by then. Heck it could be no bid so you can get them for $.0001.