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Is your strategy to be so unpleasant that any decent person with legitimate questions or comments is so put off that they will stay away? Is this how you 'attract' women too?
Where is TEXG going to get $6 million in cash?
past tense now?
"weeeeeeeeee for the folks that played it"
On August 3, 2007, to obtain funding for working capital, the Company entered into a subscription agreement (the “Agreement”) with MicroCapital LLC (the “Investor”) for the sale of $750,000 9% Senior Secured Convertible Debentures (the “Debentures”). The Debentures bear interest at 9% and mature thirty-six months from the date of issuance. The Debentures will be convertible at the option of the holder at any time into shares of common stock, at an initial conversion price equal to $0.25 (“Initial Conversion Price”). In connection with the Agreement, each Investor received a warrant to purchase such number of shares of common stock equal to their subscription amount divided by the Initial Conversion Price (“Warrants”). Each Warrant is exercisable for a period of five years from the date of issuance at an initial exercise price of $0.50.
July 31 Financing
On July 31, 2007, to obtain funding for working capital, Healthcare Providers Direct, Inc. (the “Company”) entered into a subscription agreement (the “Agreement”) with accredited investors (the “Investor”) for the sale of $500,000 9% Senior Secured Convertible Debentures (the “Debentures”). The Debentures bear interest at 9% and mature thirty-six months from the date of issuance. The Debentures will be convertible at the option of the holder at any time into shares of common stock, at an initial conversion price equal to $0.25 (“Initial Conversion Price”). In connection with the Agreement, each Investor received a warrant to purchase such number of shares of common stock equal to their subscription amount divided by the Initial Conversion Price (“Warrants”). Each Warrant is exercisable for a period of five years from the date of issuance at an initial exercise price of $0.50.
Hi Mr. Gravy:
Here is the full report which shows the date:
FORM 8-K
CURRENT REPORT FOR ISSUERS SUBJECT TO THE
1934 ACT REPORTING REQUIREMENTS
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 8, 2007
MATERIAL TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other
jurisdiction of incorporation)
33-23617
(Commission
File Number)
95-4622822
(I.R.S. Employer
Identification No.)
11661 San Vicente Boulevard, Suite 707
Los Angeles, California 90049
(Address of principal executive offices) (zip code)
(310) 208-5589
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report.)
--------------------------------------------------------------------------------
Item 3.02 Unregistered Sale of Equity Securities
Pursuant to a private placement of the Class A Common Stock which was completed on March 16, 2007, and which shares had attached to each a warrant (“Warrant”) to purchase one share of the Class A Common Stock for each share purchased, exercisable immediately and for a period of three (3) years, the Investors have exercised those Warrants resulting in the issuance of 2,250,000 shares of the Class A Common Stock of the Company.
In connection with the prior offer and sale of securities to the Investors and any placement agents, to which this exercise relates, we relied on the exemption from registration provided by Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), as previously disclosed in the Form 8-K dated March 16, 2007. The following Exhibits were included within that filing and are available upon request.
EXHIBITS
10.1 Regulation S Subscription Agreement with Anima S.G.R.p.A. Rubrica Anima America.
10.2 Regulation S Subscription Agreement with Julius Baer Multistock SICAV U.S. Stock Fund.
10.3 Warrant with Anima S.G.R.p.A. Rubrica Anima America for 1 million shares.
10.4 Warrant with Anima S.G.R.p.A. Rubrica Anima America for 750,000 shares.
10.5 Warrant with Julius Baer Multistock SICAV U.S. Stock Fund for 1 million shares.
10.6 Warrant with Julius Baer Multistock SICAV U.S. Stock Fund for 750,000 shares.
10.7 Warrant with Continental Advisors, S.A.
10.8 Warrant with Condor Wealth Management for 125,000 shares.
10.9 Second Warrant with Condor Wealth Management for 125,000 shares.
--------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 8, 2007
Material Technologies, Inc.,
a Delaware corporation
By:_/s/ Robert M. Bernstein_______
Robert M. Bernstein,
Chief Executive Officer
SOPO up 68% to $0.81 today on no news and no new filings. Anyone got a clue?
Does anyone have insight into this very odd transaction?
Item 1.01 Entry into a Material Definitive Agreement
Effective May 1, 2007, we entered into a Stock Exchange Agreement with Rocket City Automotive Group, Inc., a Florida corporation (“RCAU”), pursuant to which the Company exchanged 10,000,000 shares of its common stock for 4,000,000 shares of the common stock of RCAU. All of the subject shares of each corporation are restricted securities and will bear the appropriate legends. We believe that the exchange will provide to us data analysis capability, software configuration and invaluable IT services.
Item 2.01 Completion of Acquisition or Disposition of Assets
Effective May 3, 2007, we completed the above described transaction acquiring 4,000,000 shares of the issued and outstanding common stock of RCAU. There was and is no material relationship between the Company and RCAU or our officers, directors or shareholders prior to or pending with respect to this Agreement.
EXHIBITS
10.1 Stock Exchange Agreement between the Company and RCAU dated May 3, 2007, with an agreed upon effective date of May 1, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 3, 2007
Material Technologies, Inc.,
a Delaware corporation
By:_/s/ Robert M. Bernstein_______
Robert M. Bernstein,
Chief Executive Officer
OCTL short working out real bad - darn.
lol
The new 10Q has been filed for the quarter ended May 31. Revenues over the past 9 months total $90,000. $25,000 this last quarter.
No improvement really.
What is your reasoning that the stock should be around $3.00?
Here's something about Mr. Rayat:
http://www.citronresearch.com/index.php?s=harmel+rayat
Why are these prices too tempting? Because the company's stock is cheap? How do you figure it's cheap?
Stock Trend Report
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=23690230
http://stocktrendreport.com/
also full page ads in NYTimes and USA Today I think
Market capitalization of the stock at $1.50 is about $65 million.
Per the latest 10Q, total assets of the company are $940,000.
Revenues for the quarter: $138,000.
Stock is way over-valued unless they definitely have something really special. And if they do, then they don't have to be spending all that money on a mailer. Mailers are paid for by people who want to sell stock.
Well, there's no special magic involved, just basic common sense.
A quick look at the financials that are available show, for the quarter ended March 31, $430,000 in revenues and a loss of $175,000. Assets total up to about $200,000 with liabilites at $1,200,000.
Compare that basic scale of things to the value of the whole company per the share price. Let's use $2 per share. Pinksheets.com shows about 67 million shares outstanding, so the market cap of the whole company is about $130 million!!
The basic disconnect between the market cap and the scale shown in the financials is what I am looking at to say the stock price is way too high.
Unless you believe that it's a sure thing that this company can grow to justify a value of $130 million, then it makes no sense to buy the stock. Anyway, that's my take - based on fundamentals.
I conclude that the share price is so high because of the incessant pumping via email that's been going on. I further believe that pumping (which costs money) occurs so that somebody can sell their shares at an inflated value. Therefore I conclude that the share price at $2, or even $1, is unsustainable over the long term.
All just common sense. Traders can make money if they can guess the short term ups and downs correctly, but in the long term the stock will fall - unless this is a one in a thousand company.
good luck, Peter
thanks
Could you please provide some more info on that glossy mailer, if you get a chance? Who is the publisher? Is the compensation listed in the tiny disclosure print? How much? who paid?
thanks
It's a pink sheet stock with a huge market cap. Have you looked at the financials?
Is there a more active board on MVBY somewhere? Usually with a pump this hot there's a frenzy of posting.
Am I reading this correctly. Westor Capital is or was involved with this company? That's not good.
Doesn't that imply a load of skepticism that the current GPRC share price can be maintained? Otherwise, why the huge discount that it might not be immediately trade-able?
What do you think this company is worth? Have you seen the Q1 financials?
So does anyone think this company really might have the "Save the World" technology? Wouldn't someone else with actual resources behind them already have done this if it were possible?
BTW, the video demo is just too funny - they need to take that down just damages credibility. Reminds me of Sulphco or that one with the bomb detection.......
I grant that there's a small chance they really invented something special. It's just experience shows that any pink sheet stock spouting their 'special sauce' is always (so far) exaggerating, at best.
I'm all ears though - does someone here really think they've got something that works and is commercially viable?
ALEX CONSULTING, INC.
BY: /s/ Paul Winkle
PAUL WINKLE, PRESIDENT
Alex Consulting
165 19th Avenue NE
St. Petersburg, FL 33704
some past involvements
USAT
RRPH
SKFL
GPKE
NNSR
SDVI
SCEP
MQUE
BGAT
CTLG
CMKX
USSU
NNSR
Perhaps some audited financial reports would be useful for the Amex application.
Some folks are just lucky. Judging by your name, you obviously hate for people to enjoy good luck.
Schadenfreude (help·info) is a German word meaning 'pleasure taken from someone else's misfortune'.
Thanks - sometimes good info is deleted just because it is negative. Just wanted to make sure.
Are posts being deleted here? Are they off-topic, or do they contain some information that someone else doesn't want known?
Thanks - doesn't seem to be working just now, but I'll try again in the morning.
Would you mind posting a link to the podcast, please. Thanks.
And with this nuance, do you feel the stock has run more than is warranted by the news?
It's difficult for me to evaluate the meaning of various Swiss authorizations.
Peter
Whoa, does this imply that NWBO was stretching the truth in their PR last week?
I was short, just watching for now.
well, i'm a bit underwater!! lol
not really, i'm fine, thanks - and you?
Basher here.. Market cap at $5.25 is $365 million. I am told that, FULLY DILUTED, there would be 71 million shares outstanding.
How much is this thing worth?
That's true if you want to believe the company's PR's, keeping in mind that there are no verifiable details published and that it's rumored that the control party here is a convicted stock swindler.
There is nothing here of any underlying substance. Read the filings. All smoke and mirrors.
Isn't that line hysterical?
Funny, but still, even after all these years of shortselling scams, it bothers me that there are people in this world who happily lie to profit themselves. And not just a few of them either, as one can quickly ascertain by following message boards. Disturbing really.
And who pays the PR firm? And how?
There is no link - it was a phone call - i stake my reputation on the 71 mm os. That's the reality. Anyone can call the company.