IS DRUNK AND HAS LOST HER BROOMSTICK
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm with you 10 bagger, got 100k and holding tight. See you @ .75 - 1.00
OK I'm in at 3.11 new to Zagg
What a brutal day
My email to Yvonne
The relationship has been progressing, stay tuned. Best, Yvonne
--------------------------------------------------------------------------------
Hi Yvonne,
I am a shareholder in EGMI I hold 20,000 shares held in street name at E*TRADE, I am a little worried about the Poken deal as I have not heard anything on it. Is it still going to happen and what is the progress on it if all is OK
ooops... Sorry at least I had the Y right
Has anyone contacted Yolanda at IR and see if there is anything that she can tell us? I was going to call but I thought maybe that if someone that she has already talked to called they would get a better response. I guess I'm not alone being a little frustrated.
GLTA
I just hope nothing has happened to the Poken, I always look but I have never seen EGMI mentioned in any Poken article. I checked out the resellers in the US and there are 6-8 but nothing about EGMI. Is anyone else wondering if something has gone wrong? I have heard so many different dates about the China trip that I am wondering about that also.
Don't know I don't see it on Ihub either. I found it on pinksheets .com.
My letter to ASRG
Sirs,
I am a stockholder, my shares are held in street name. I feel that there has been some questionable trades in the stock of our company. The short interest has increased 2720 % between the dates of 12/16/09 to 12/31/09
Short interest on 12/15/09 was 536
Short interest on 12/31/09 was 14,144
Increase of 2720%
The S-1 dated 12/22/09 had information in it that would be consired negative for current shareholders, although this information has been included in the 10Q's for some time the timing of it has not.
So it is my opinion that the trades between the dates of 12/16/09 and 12/22/09 were based on information that was not available to the general public. If these short sales were made by Dawson James or any of the warrant holders I believe these trades were illegal.
Also I believe that some of the market-makers have been “painting the tape” in an effort to push the price of the shares higher before the warrant holders exercise their warrents in a cashless transaction and sell their shares on the open market.
I am referring to these dates,
The open on 1/5/09
The close on 1/13/09
Also the 5 trades of 150 shares on 1/13/09, these trades were all made at the ask of $2.00, every time the stock traded below $2.00 they brought the price back with these small purchases of 150 shares. The times of these trades were,
11:57am, 12:46pm, 14:11pm, 15:25pm, 15:59pm
I have not been able to check in depth on other days that may be involved but I will sometime in the future. I understand that the company itself has no control or is involved in this, but I wanted to inform you. I am going to contact the SEC and get their opinion on these matters. I feel that these actions if substantiated will penalize current holders.
Poken is going to be huge, I just hope the final contract is inked soon. If only we would get some news
Its always a matter of timing and who cares about proving it I just want to report it that's enough. Watch as the tape is painted with the little trades of 150 shares. Look at the open on 1/5/09 and the close 1/13/09 as the tape is painted in a effort to push the share price higher.
The key number is $2.00 that is where the warrants that Dawson James who was the placement agent for the PIPE offering are priced.
They have 543,000 @ 2.00
Report this to SEC, here is how
1. Go to the SEC homepage website.
2. Find "Investor Information," and then click "File a Tip or
Complaint."
3. Choose the "online forms" for filing an electronic complaint.
4. Send an email to report possible trading violations by
clicking the address in "Tips.
Email the CFO @ ASRG at this address
jimlongaker@asainc.us
This is not a large amount, but that makes no difference. I am going to Email both and I encourage you to do the same.
They will just sell short into any price increase and drive it back down, so it makes no sense to buy any at this time.
If any of the warrant holders sold short before the S-1 was released 12/22/09 they traded on information that was not available to the public, making those trades illegal. Think I will email the SEC.
Bet they cover with shares they get from warrants, all sold short last 2 weeks in Dec (Minus 500). Highest short interest ever for this stock !
Short Interest (Shares Short) as of 12/31/09
14,100
Days To Cover (Short Interest Ratio)
0.8
Short Percent of Float
%
Short Interest - Prior as of 12/15/09
500
Short % Increase / Decrease
%
Guess this was some of the volume increase we wondered about.
IPO activity for 2010 has already begun, with two Chinese companies scheduled on the IPO calendar during the week of Jan. 18. China Hydroelectric (CHC), which consolidates, operates and develops hydropower plants, plans to raise $50 million by offering 3.1 ADSs at a price range of $15-$17. At the mid-point of the proposed range, the company will command a market value of $721 million. China Hydroelectric, which was founded in 2006 and booked $35 million in sales over the last 12 months, plans to list on the NYSE under the symbol CHC. Broadband Capital is the lead underwriter on the deal.
In a smaller deal, Andatee China Marine Fuel Services (AMCF), which produces and sells blended marine fuel oil for cargo and fishing vessels, plans to raise $18 million by offering 2.5 million ADSs at a price range of $6-$8. At the mid-point of the proposed range, Andatee China will command a market value of $60 million. The company, which was founded in 2001 and booked $87 million in sales over the last 12 months, plans to list on the NASDAQ under the symbol AMCF. Rodman & Renshaw and Newbridge Securities are the lead underwriters on the deal, which is expected to price on Thursday, Jan. 21.
In addition, there have already been two new IPO filings this week. IFM Investments Limited, which provides real estate services and exclusively franchises the CENTURY 21 brand in China, filed on Tuesday with the SEC to raise up to $184 million in an initial public offering. The Beijing-based company offers three business lines: company-owned brokerage services, mortgage management services and franchise services.
DynaVox, which offers proprietary software to assist people with speech, language and learning disabilities, also filed on Tuesday with the SEC to raise up to $125 million in an initial public offering.
A terms announcement came from Symetra Financial, which provides group health, retirement, life and employee benefits insurance. The Bellevue, WA-based company plans to raise $351 million by offering 27 million shares at a price range of $12-$14. At the mid-point of the proposed range, Symetra will command a market value of $1.4 billion. The company, which was founded in 1957 and is owned by Berkshire Hathaway and White Mountains Insurance Group, previously filed to go public in June of 2007 but withdrew in October of 2008 due to poor market conditions. BofA Merrill Lynch, J.P. Morgan, Goldman Sachs and Barclays are the joint bookrunners on the deal, for which timing has not been disclosed.
In our 2009 Global Annual IPO Review, Renaissance Capital commented on the 2010 IPO outlook: "While 2009 was certainly not a rebound to normal IPO levels, the common theme we saw amongst the stronger deals is that investors are looking for opportunities to invest in growing companies. Our analysis of the US IPO pipeline as well as the broader shadow backlog suggests that there is a significant supply of growth companies waiting to tap the markets, and the strong returns of 2009’s quality growth IPOs demonstrates that there is adequate demand to support it. Even if broader equity market returns are mediocre, 2010 could nevertheless mark the beginning of a strong IPO cycle."
This stock has been weak lately due to one thing and that is the warrants these are being converted to common stock and that stock is being sold on the open market. Read the 10Q some are being converted in a cashless transaction. That is the strike price of the warrant is deducted from the shares issued like this. I have used 1000 shares for an example.
.07option x 1000 = 70 - 1000 = 930 shares issued
Only somewhere between 300,000 – 350,000 have been converted to common stock but are a few million coming up soon (when final S-1 is approved by SEC). People may think why is ASRG doing this.
Here is why they were in trouble because of the contracts with health insurance providers were allowing such large discounts that there was no profit left, then it looked like the US economy was on the verge of collapse. So they got out of the contracts with the insurance company's, got Dawson James Inc to do a PIPE offering which included a promissory note and the warrants. Then they had to renegotiate the terms so the strike price was lowered. All of the notes have been paid off for months, now the warrants have to be dealt with.
You may be thinking that the company made a foolish move with this transaction. There would be no ARSG if not for the notes and warrants. They had to work incredibility hard to do this financing. Sure the terms were not that great, but the investors were taking a large risk.
So you are wondering what is the best move. Here is what I think and what I'm going to do. In one word “Nothing” The number of shareholders of record is something like 95 and this issue is not well known..... So don't buy any and don't sell any, beat them at there own game If the buyers quit coming in they will have to do a private placement or hold like any shareholder with any sense should do and the upcoming warrant holders will see this is not going to work and do one of the two things I mentioned. These warrants are time sensitive so it's use it or lose it. Also all of the information about warrants and notes has been in their 10Q's for more than one year. This is old news or should be if you did your DD
Remember the reason you bought this company, nothing has changed if anything it's getting better they added 3 surgical assistants and 3 in the billing dept in the last quarter. They are breaking into new markets SanAntinio and Augusta Georgia, their billing dept. must be super efficient from the receivable they have collected and who what else.
Whats up in premarket
Part of email to CFO of ASRG
The number of fully diluted shares are different depending on which filing you read, could you clarify the exact number for me please. With all options and warrants. I see that some were excluded because they are non dilutive. Exactly which ones are these?
Mr. Toh forwarded me your email. My name is Jim Longaker and I am the chief financial officer and I wrote the S-1. If it was misleading then I apologize. The intent was to give a clear picture of the company.
If you had a problem with the fully diluted stock, etc., then I imagine the SEC will have the same issue and I will attempt to clarify this on the next S-1.
Will the company uplist to the NASDAQ when they meet the requirements? I know that management wants to focus surgical staffing issues and not much more which is the way it should be. But to fulfill the vision of rapid expansion and nationwide coverage, part of that has to do with the stock, it's PPS, liquidity, tighter spread on the bid, ask etc...
I think every company’s dream is to move up to NASDAQ. We need additional liquidity. 2007 we issued 3,060,000 warrants to note holders. The purpose of the S-1 is to register the warrants and created liquidity. Some of the note holders are currently converting their warrants under the cash less method which will give us liquidity. We will have additional liquidity when the SEC approves the S-1.
My understanding of one of the requirements of a NASDAQ listing is not to have a net operating loss in any one of the last three years. It may be awhile before we can consider NASDAQ.
This company might work: Issuers Direct for all EDGER, PR, Transfer agent etc.. They offer complete back office support except accounting and legal. The symbol is ISDR and the CEO's name is Brian Balbirnie they are more than reasonable they are cheap. I feel that if the company has some good news they should send out a PR, not every time just three of four a year maybe. I have talked to many investors about ASRG and the main complaint is they always feel in the dark and the only news on the company they ever get is dug out of the 10Q's, I feel that this would make owning or buying this issue easier. The availably of information is very limited. I know you have nothing to do with this, but maybe you could talk to or relay this to the proper channel.
Found this here,
http://www.knobias.com/story.htm?eid=3.1.499da690d782e38e0f6c1bf8ceb253a8cdc45c1af19eb847d6fbe25c9507008d
new registrations pending
IVOB: Files to Register Shares; $10M SEDA w/ AGS Capital
WCBO: Files to Register Shares; $155M PIPE; Preferred + Wts
ASRG: Files to Register Shares; $2.72M PIPE; Warrants
CLRT: Files to Register Shares; $40M PIPE; Conv Preferred
ADGE: Files to Register Shares; $3.49M PIPE; Common
Other positive factors for 4Q
1. The additional coverage listed in Pond_Scum post, plus one additional hospitable mentioned in 3Q 10Q
2. They must have a radically efficient billing dept from looking at the some of the collections lately. Plus they hired more personal, must have more business to need them.
3. Any disputed invoices or chargbacks from the 3Q that they can recovered on, should go into the 4Q or a later quarter. There were sure enough of them from the 3Q 10Q
4. 4Q is the busiest for most hospitals
Even if Sykes is right and I don't think he is the final scene has not been played out yet. It will come as a blitz of positive PR's, pumpers pumping like mad and when the PPS reaches much higher levels and encounters resistance the dumping will begin as the positive news continues. Then you get out quickly ! Just wait till Sykes puts out a short hit to his top level subscribers then its time for sure. One thing about Sykes is he knows his shorts like no one else I have ever seen. The list of great shorts are just that a list of great shorts except a few and EGMI is one of those. StockGod is just as positive on EGMI as Sykes is negative and he is a very very savvy trader one of the best. A pump and dump is planned and executed by a select group well in advance, Do you really think that Lord S would be involved in a P&D scheme, honor is first priority to this class of men. Worst case is you can still get out at higher levels. I can tell you one thing and its this I always listen very carefully to Sykes and you would be money ahead if you do too. My last thought is this you can win either way, If EGMI is as good as people think or let the pumpers take it up and dump with them
JMO
June
Me too got some @ 3.20 the ask was held at 3.20 in the last few hours and quite a few shares traded, looks like there are more there to be sold. I had a bid in at 1.80 also. This is from the last 10Q I was thinking that these may be the shares selling who knows.
The Company on November 5, 2009 received a request from a former note holder to convert 50,000 warrants into 42,411 shares of common stock under the cashless exercise provision in the warrants.
Just a thought
Hey Uncle, Do you own other REIT's I have....
HTS, CMO, NLY and WAC
GL
June
Oh... I wondered because everyone was always at 500. Is there any way to see the actual amount for sale on the 500 ones. I hope this thing recovers quickly I have lots and lots of this.
Thanks
June
I hope so !! I'm not sure about today but ARCA came in Tue, Wen, Thur about 2:00 and advertised 2000 at the ask (I'm not sure what price it was, )no telling how many shares were under the 2000, everyone else advertised 500. I put up a large block to see what would happen and they jumped me every time
NASDAQ looks far far away now.
You are right for sure, can't miss it !!
99k @ 1.25 ARCA
My letter to IR.....
Sirs/Madam:
Was some news leaked to explain the huge volume today, Its not technical selling if that what you are going to say, I was watching the large blocks dumped one after the other, Our company has some issues that need to be resolved and I'm sure you know what they are. Maybe a update on some issues would be in order. The mess with the CFO needs to be resolved in a truthful manner. I have 19500 shares held in street name at E*TRADE
Thank you
Very nice !!
One more question ! Who keeps painting the tape and why. Thanks
June
Wonder who keeps selling EGMI, day after day I see big blocks on the tape.
I'm a buyer of this stock. Just wanted to let you know someone is with you
June
Thank you gurupup "Very nice"
Just checked out this one, buying Monday
GLTA
Got some myself !! Will pickup more on any weakness.
Good Luck
It would be too soon to make adjustments to this quarters invoices, The amount stated in this quarters 10Q is a estimate of the anticipated payment. The actual difference (adjusted up or down)should be in next quarters 10Q. I feel that the billing division of ASRG is a major plus and should add considerably to future earnings.
My family has 5 RN's in it that work in 5 different hospitals and all said that surgical procedures have been down lately, of course these would be ones that could be delayed. I would assume that due to the employment figures many people have lost their insurance or can't afford the copay's.
In addition the 2,300,000 collected from previous quaters can be used to acquire others, help in starting coverage in more facility's or many other things.