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Hi My picks are SWVC, TEXG and FCCN
I still have all my shares too.
There is no new news.
I tried it and I got MBTT
http://investorshub.advfn.com/boards/quotes.asp?ticker=mbtt
Why don't you call and ask all your questions?
Stephen Taylor
973-351-3868
Dividend shares restricted 1 year
I just talked with Steve Taylor and this is what he told me.
The shares we have now or we will buy will be free trading.
The shares we will receive as dividend will be be restricted for 1 year.
The issued and outstanding shares would increase by the number of the dividend shares but the free trading shares would remain at 3.69M for one year.
They are still waiting on NASD for the symbol change.
StockStars.net put out an email alert!
StockStars.net
Our new big tech play is BKSD! The stock is a new offering that resulted from a reverse merger that was announced on July 6.
BKSD has produced up to 195% gains within two weeks. It has made a correction from its all time high and now looks poised for another leg up!
Brookside Technologies Holding Corp. is the surviving company as the result of the restructuring that took place earlier this month. BKSD is now a holding company whose goal is to consolidate through mergers, acquisitions and asset purchases of like companies looking to capitalize on the highly specialized market of providing turnkey converged voice and data solutions for companies of all sizes and types.
Last week, Brookside announced that they recently completed the installation of phase 1 of a Nortel converged voice, data, and wireless solution for the world famous Horseshoe Bay Resort. Mike Dance, President of Brookside stated, ""We are excited about working with a world class resort and the continued implementation of a solution that will scale to meet their growth." Lyle Worthington, the resort's CIO said, "We are eager to move away from the costly telephone company service and realize a quick ROI on the equipment."
The cost savings and other benefits of Brookside's Nortel IP Telephony-based Communications Server solution will prompt other companies and small businesses to take the path of the Horseshoe Bay Resort. We can expect a lot of growth in the near future.
BKSD has retreated in the last few trading days with lower than usual volume. This indicates that sellers are reluctant to give up their shares at these levels. We expect any increase in investor interest will cause a surge in price. Buy here and ride the stock up!!!
Visit the company website and yahoo finance for more information.
www.brooksideus.com
http://finance.yahoo.com/q?s=BKSD.OB
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.
If not day trading, swing trading
Until there is news about the symbol change, it looks like this goes down in the morning when there is no news, and by evening goes up, because there might be news next morning!
I am not a day trader so may be I shouldn't say anything.
If anyone wants to call Steve Taylor he is there right now
I just talked with him and he said that he keeps close contact with the company and they are still waiting on NASD to make the symbol change and nothing changed.
I think until we know the date of the change this stock will be a day trader's dream.
The news about Truestar is not doing much for the price. So I think we may still get a chance to accumulate under $3.00
I think under 3.00 is adding opportunity
which it looks like where this is heading.
But I am not sinking any more money until we hear something.
Sorry, no news.
I am just getting the machine, which doesn't even take a message.
I also left a message for Steve Taylor.
I don't expect to hear from anyone. this is really frustrating.
In the meantime the stock is sinking!
MMs are Market Makers -
The middle people - who buy from you at the bid price and sell at the ask and make the difference - which is called the spread.
This is basically what I know.
If any one can explain all their tactics I would be interested.
I am here. I found out something very interesting.
Not from Steve Taylor.I have not called him.
But I called the new number 972-386-4644 and some one answered the phone - Terax Energy! I asked if I can talk to the IR person and she said that there is no one here right now, call back after an hour. I asked who to ask for and she said Linda Contreras!
So things are happening - we have to be patient.
I will call a little later and if I find out anything I will post.
I wonder that too.
But either people are not watching on a day to day basis and worrying like us, because they are going to hold for a long time or they are all waiting like us for things to happen.
I hope something happens soon.
In the meantime something is beginning to happen with Financial Media Group - FNGP - which I own - people may want to take a look at that.
FNGP up 30% this morning.
Something is going on there.
Holter,
How do we get this out to the other boards?
How did you happen to get in on the private placement?
How long are you planning on holding?
HOKU - Per Ameritrade today's high is $13.00 so far
I am new to this board and am very glad to find it. I have always been interested in learning technical analysis.
Do we buy this if it breaks 13.00 today or tomorrow or when do we buy?
Thanks
Press Release Source: Financial Media Group, Inc.
MyWallSt.Net Launches Innovative Social Financial Tools to Provide Users With Additional Channels of Collaboration
Thursday July 19, 7:00 am ET
IRVINE, Calif., July 19 /PRNewswire-FirstCall/ -- Financial Media Group, Inc. (OTC Bulletin Board: FNGP - News), a leading diversified advertising and media company, today announced the launch of several innovative social financial tools on http://www.mywallst.net, the company's financial social network.
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"Our goal has always been to establish MyWallSt as a premier social network for investors," said Albert Aimers, Chief Executive Officer of Financial Media Group, Inc. "A big part of achieving that goal is giving our members the tools such as profile pages, messaging capabilities and blogs, which allow them to collaborate with one another. We have taken the concept of collaborative tools one step further by offering our members interactive, social financial tools."
With the implementation of these new social financial tools, MyWallSt members can rate and comment on individual stocks every time they retrieve a quote from the Web site. In addition, members can now add stocks to their Rookie portfolio through a link that can be accessed every time they retrieve a quote, allowing them to seamlessly research stocks and compete in MyWallSt's proprietary trading simulator, The Rookie Challenge.
MyWallSt.net is a groundbreaking, multimedia and feature-rich financial social network for individuals interested in the stock market and other types of investments. The Web site offers free membership to its social networking applications, financial tools, and proprietary virtual stock trading competition.
"Our recently launched social financial tools will help us more effectively convey the opinions and ideas of our community," Mr. Aimers said. "Many of our members are astute, experienced investors. Our social financial tools are just the first of many convergent applications that we plan on launching to improve, and build new channels of collaboration for our members."
Holter, Did you buy shares in the private offering?
I bought in their private placement and am waiting to sell if we ever get over a dllar. I want to slowly sell a few at a time so I will not bring the price sharply down.
Steve Talyor is there right now
at 973-351-3868, if any one wants to talk to him.
It is now 4:00PM - I just talked to him
He has no new info. They are still waiting on the symbol change.
Hi I am new to this stuff
I am also new to the IHUB site.
Can you please explain how to understand the info from BUYINS.NET?
I subscribed to it once but could not understand what is going on so I stopped.
Are the shares short at July the all time total, or should other months' be added to this to get the grand total?
What does "days on threshhold"mean?
What does it mean when they say Buyin imminent?
I would greately appreciate some one explaingin these and other terminalogy.
Thanks
Lalitha
Time & Sales
Price Size Exch Time
3.33 216 OBB 14:47:20
3.30 7000 OBB 14:46:58
3.33 500 OBB 14:46:44
3.30 500 OBB 14:35:51
3.33 100 OBB 14:08:29
3.30 1000 OBB 14:02:53
3.30 300 OBB 13:59:34
3.38 5000 OBB 13:36:44
3.37 1000 OBB 13:36:36
3.37 900 OBB 13:36:25
3.34 500 OBB 13:36:13
3.34 1000 OBB 13:36:10
3.35 500 OBB 13:35:50
3.35 1000 OBB 13:35:46
3.34 500 OBB 13:35:31
3.34 1000 OBB 13:35:31
3.33 1000 OBB 13:34:35
3.25 155 OBB 13:32:32
3.33 100 OBB 13:31:55
3.20 400 OBB 13:14:22
3.25 300 OBB 12:37:54
3.25 500 OBB 12:36:31
3.25 1283 OBB 09:42:01
3.25 700 OBB 09:42:00
3.25 500 OBB 09:41:59
3.25 300 OBB 09:33:38
3.20 1900 OBB 09:32:31
3.20 100 OBB 09:30:14
3.25 2
Thanks for holding your shares everyone!
3.4M float and only around 6K traded!
This is great!
Here is the link, Type in Terax Energy
You can also find info for Westar Oil
http://secretaryofstate.biz/
Click on Business entity search and enter company name.
Or
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpSearch.aspx
From SOS NV for Terax Energy
Go to that site, you get interesting info.
Our little CEO - Linda Contreras ( I call her littler because she is only 26 years old!) has been busy.
I found the following filings: MIND YOU - When I searched this site before I found only the 2 listings with expired status.
Entity Name Entity Number Status
TERAX ENERGY INC. RN329143015-2004 Expired
TERAX ENERGY, INC E0107692005-8 Expired
TERAX ENERGY, INC. C27903-2000 Active
Action Type: Amendment
Document Number: 20070416552-42 # of Pages: 1
File Date: 06/18/2007 Effective Date: 06/22/2007
Previous Stock Value: Par Value Shares: 15,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 15,000.00 New Stock Value: Par Value Shares: 200,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 200,000.00
Action Type: Correction
Document Number: 20070479771-14 # of Pages: 1
File Date: 07/13/2007 Effective Date:
Previous Stock Value: Par Value Shares: 200,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 200,000.00 New Stock Value: Par Value Shares: 15,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 15,000.00
I called directory assistance in Dallas TX
972-386-4644 is the correct number for Westar Oil.
She said that there was no International Diamond at that address. When you google International Diamond and Gold you get different numbers - none at that address.
I think this is a new number for Westar Oil and was assigned previously to other companies, and we are getting old info on google.
Also if it is the current number for a jewelry store some one would answer the phone.
I just now called and got the same message saying leave a message, and no company is mentioned.
Wait may be over soon!!
I found these listings in Yellowpages.com in Dallas Texas:
Terax Energy Inc.
13355 Noel Rd
Dallas, TX 75240 Map
(972) 503-0900
13355 Noel Rd Ste 500
Dallas, TX 75240 Map
(972) 386-4644
Terax energy phone number is not a working number.
Westar oil was ringing and I got a voice message with no mention of the company name.
rooktrader, why don't you call Steven Taylor yourself?
He is actually very nice. If you can reach him,
he actually answers all your questions.
Stephen Taylor
973-351-3868
Food for thought
This is what I understand from what Steve Taylor told me yesterday that we will receive 2 shares of Westar Oil for each one we hold today when the symbol changes. That would mean if the price of Terax is $3 a share on the date of change Westar would be valued at 1.50 per share?! Some how this does not seem right.
I asked him to find out what the Westar shares are being valued at.
Another thing that confuses me is - if it says on the date of change - what does that mean? Let's say symbol changes on July 17th, would every one who buys on July 17th get the stock dividend?
Cell # only for emergencies
I actually called him on his cell phone and he said he prefers us to call him on his regular phone line and he keeps his cell number for emergencies!
I asked him it is a split - he said it is not a split and we get one additional share as stock dividend. Since when they planned the merges they valued the stock at $6.75 and it never reached that they are giving a dividend to increase share holder value!
But actuality this amounts to a split.
Record date is the date of symbol change
I just talked with Steve Taylor and he said the deal is still going through and it is hard to know with NASD when exactly the symbol will change. At this point he doesn't seem to know any more.
But on the date of the symbol change we will have twice as many shares. So I asked him if we have 100 shares of Terax now, how many of Westar Oil would we get. He said we will have 200 shares of the new company! But he said the market will decide the price of these shares.
Is this clear as mud?
Closed at HOD at $3.35 - up 16.72%!
Finally a green day for TEXG!
Hopefully we will hear some news.
Left a message for Linda Contreras
I called Westar Oil at 310-275-9020 and some one actually picked up the phone and took a message for Linda Contreras.
I also sent her an email. I will post if she replies.
I am encouraged by the fact the stock seems to rebound from the day's lows and also the volume has been light for the last 5 days.
Even if the symbol change is taking some time I am hoping they will put out some more info soon.
Stever Taylor's email read:
"We anticipate the symbol change to occur within 5 business. We do not control the NASD and therefor are subject to waiting until they complete the symbol change process. Frequently, they provide a date of symbol change but are not able to meet the date. In most occassions, they achieve the symbol change near the date they originally report. These delays create a delay for the applicable company and the shareholders.
We do apologize for any delays which may occur."
So far they have not given a specific date.
After all these are still high rish OTC stocks and anything can happen. There are plenty of other stocks so people obviously don't want to hold these with confusing PRs - this is only my opinion.
At the current price
I think TEXG is alreadly cut in half - if we assume that the share price was going to be valued at $6.75 for the exchange with Westar - to account for the stock dividend(which in all practical purposes is equal to a stock split).
I sent an email to Steve Taylor asking about the number of shares of Westar we will receive but have not heard from him.
I will post if I get a reply.
I urge everyone to call or send emails to Steve Taylor to show our interest in the stock - may be it will make a difference and they will keeping us more informed.
Correction-Share Short 25K not 25M
About 8K
I am not sure if it is not required. This is what I found on the SEC websit:
"Neither the Pink Sheets nor the OTC Bulletin Board has listing standards, although the SEC requires companies to be current in their filings before their stock can be quoted on the OTCBB."
what ever this means.
I hope they file one soon.
The fact they don't update their websites is also a problem. But at least Steven Taylor wrote back - even though we might have to take what he says with a grain of salt.
I am very nervous about holding these shares too. I may sell some before the symbol change if we know the date. I am hoping it will go up a little more before that. We can always buy back after the dust settles.
My analysis after dividends
Current TEXG share structure per Yahoo Finance Key Statistics -
Shares O/S 3.69M
Shares Float 3.44M
Shares Short 25M
Let us say on the date of the symbol change the O/S increase to 7.38M(2 times the current float).
If we assume 1 share of Westar is worth 3.63 sh of TEXG (based on the June 8th PR we would have about 2M shares of
Westar which will be free trading.The rest of the Westar shares, what ever the number O/S would be restricted for some time - usually a year.
What ever the price the shares would be trading at the free trading shares would be a lot less than Westar float for some time.
I would be interested to know what others think.
I think the shares will still trade on OTCBB after the symbol change. Mr. Taylor didn't say anything about them applying to trade on a higher exchange.
I think may be they think that 1 for 1 dividend is less confusing to us than this valueation of Texar at 6.75 etc.
But in any case I am happy to get hold of some one who will respond to our questions.
I also called Steven Taylor and asked about the 8K and he said as a otc stock they are not required to but may file any way.
GLTA
Thank you Steven Taylor!
Here is his response to my email:
Lalitha,
Thank you for your interest in Terax Energy.
To answer your questions, the stock dividend will provide a one for one. This means you will have twice as many shares. The shares will be free trading. The value of the stock at dividend date will be based on market conditions. The stock may be higher or lower than $6.75. The one for one stock dividend is set up to provide shareholders with more value than what was originally mentioned.
We anticipate the symbol change to occur within 5 business. We do not control the NASD and therefor are subject to waiting until they complete the symbol change process. Frequently, they provide a date of symbol change but are not able to meet the date. In most occassions, they achieve the symbol change near the date they originally report. These delays create a delay for the applicable company and the shareholders.
We do apologize for any delays which may occur.
Westar Oil will be updating their website shortly but are working hard to close on additional wells and negotiating other corporate buyouts. Management does plan on updating their website shortly. Currently, Westar has received $175 million in senior debt financing to pursue acquisitions and corporate growth. The financing does not involve any corporate stock.
Again, thank you for your interest in Terax Energy.
If you have any additional questions, you can contact Investor Relations at (973) 351-3868 or via e-mail at STEPHTAYL9@AOL.COM.
Stephen Taylor
Taylor Capitol, Inc.
Ph# (973) 351-3868
Cell# (973) 216-3563
Fax# (973) 453-8385
E-mail: STEPHTAYL9@AOL.COM
310.275.9020
- contact phone number on the Westar website. I called a couple of days ago and all I got was a recorded message and I left a message. I also sent them and Steven Taylor emails and have not heard from anyone. Let us hope they will file the 8K by Thursday.