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Oh, brother. Argument of convenience. Isn't it 500,550,000 or something like that? LOL Start the spellchecker up. You can really clobber me there. Hilarious.
Exactly. as is authorized shares. os is outstanding shares. read it S-L-O-W-L-Y.
that is what i said lol read the post again. people have such a hard time reading anything correctly around here.
cnbc has talking heads on 2007 housing market in a minute from now eom
more selective reading - i doubled my position at .026. children always fear the boogie man. facts are facts. call the transfer agent today and again in a month........ look me up and apologize
as is over 500,000,000. os is/was about half that. the math of that ratio presents a potential catastrophic shift in shareholder equity. no need to impress anyone. those are the facts. do you welcome such a ratio to close and become realized?
Thanks and good luck in all you do. ES and ER futures are my vehicles of choice.
Just addressing the attacks made on me. Note they have no legitimate argument beyond how a child would respond. No logic. No supporting documentation. Nothing but attacks of my person. I have offered documentation and examples within the time and sales reports supporting my claim. I just posted ways to contact the transfer agent if they dare. They will eventually discover I am very much correct and their foolishness being flaunted.
How can shareholders of the over 1,100 companies we service as agent, contact Continental Stock Transfer & Trust Co.?
Continental Stock Transfer may be reached in several ways. Write to us at:
Continental Stock Transfer & Trust Co.
17 Battery Place
New York, NY 10004
212.509.4000
cstmail@continentalstock.com
Hello, Ken. Long time, no see. It is no surprise you continue doing well in your logic exploration. I told you I'd drop in for a quickie. Let's see what you and your thinking cap can do with this scan logic:
[daily williams %r(14) crosses -50] and [daily stoch rsi(14) crosses .50] and [daily aroon osc(8) crosses -50] and [RSI(14) > 50.0]
More selective reading. Links posted demonstrate volume mystery. Try again. Fear is overwhelming you. Take a shower. Your SFNN peers posted it - not me.
See! You prove my point. Thanks. eom
More selective reading eom
The guy called me a liar. I gave him evidence contrary to his spew.
It is a little alarming how few can actually read English here. Did I say SFNN was going down in share price? Never once. Evidence is overwhelming new shares are being distributed. That is all that is being said. A few here are knowledgeable and receptive to that evidence and will explore it in their own way. Those lacking knowledge and experience flaunt it and their fear in to response to simple mentions of that evidence....... just like children would. A poster here, knowing me from another board, also brought evidence of my being correct in a very similar situation on that other board. Are you so inept or frightened of such strong evidence that you behave like a child? Yes, you are.
Selective reader. Fear is a powerful thing. eom
What! LOL
http://investorshub.com/boards/read_msg.asp?message_id=15796590
http://investorshub.com/boards/read_msg.asp?message_id=15796095
http://investorshub.com/boards/read_msg.asp?message_id=15796016
http://investorshub.com/boards/read_msg.asp?message_id=15796000
http://investorshub.com/boards/read_msg.asp?message_id=15795953
http://investorshub.com/boards/read_msg.asp?message_id=15796066
http://investorshub.com/boards/read_msg.asp?message_id=15795810
http://investorshub.com/boards/read_msg.asp?message_id=15795723
http://investorshub.com/boards/read_msg.asp?message_id=15795518
There are more. Got a kite?
I'm not trading it right now. I am looking at it on occasion. It seems DNAG (or Dutchess) prefers to drown favorable technical events with new shares. That makes trading it more risky. Less risky vehicles are plentiful. For now, I'm a bagholder
Sand must feel good (g)
Posted by: cottonmather
In reply to: Teamlasvegas who wrote msg# 53416
Date:12/26/2006 11:13:53 PM
Post #of 53417
I'm not a boogie man or shorter that some might claim in fear or lack of understanding. I am a trader. I buy the chart. With experience you can't find much of anything more honest than it. When things don't look Kosher (in the chart) I investigate. Whether it is DNAG or SFNN, it's all the same to me. On the SFNN board they worried themselves sick about accumulation not making the price rise. Now that evidence is given explaining the phenomenon, they call me a bad guy. Good luck.
http://investorshub.com/boards/read_msg.asp?message_id=15808510
I'm not a boogie man or shorter that some might claim in fear or lack of understanding. I am a trader. I buy the chart. With experience you can't find much of anything more honest than it. When things don't look Kosher (in the chart) I investigate. Whether it is DNAG or SFNN, it's all the same to me. On the SFNN board they worried themselves sick about accumulation not making the price rise. Now that evidence is given explaining the phenomenon, they call me a bad guy. Good luck.
My aims have been clearly stated from my first post here and even before on the si thread - make money from my long positions. If you can't appreciate factual information about SFNN you may want to return your head to the sand.
Thanks. Nothing like facts eom
Could be. Does anyone know if the AJW deal was a pipe? Pipes short right off the bat usually.
Being confident new shares are being distributed, AJW appears the most likely culprit for participation. It could be worse. AJW could be shorting the position.
If you are familiar with otc's at all you know these arrangements are very common as are share distributions satisfying contractual obligations. SFNN is no different. It states so in the Q report I provided a link to.
I'd guess the mystery volume is coming from the warrant distribution or convertibles on contract with AJW.
A quick fact gathering concerning outstanding shares:
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001140361-06-017716&Type=HTML
500,000,000 shares authorized, 240,112,210 and 37,544,108 shares issued and outstanding at September 30, 2006 and December 31, 2005, respectively
Preferred Stock, $0.01 par value, $400.00 stated value,15,000,000 shares authorized, 110,625 shares issued and outstanding at September 30, 2006 and December 30, 2005, respectively44,250,000
On June 5, 2006 the Company acquired all the outstanding stock of Real Property Technologies ("RPT"), a New York corporation, for 100,000 shares of Series A-1 Convertible Preferred Stock valued at approximately $40,000,000.
On June 9, 2006, we agreed to acquire certain assets and defined liabilities of eHome CreditCorp. (“EHC”), a New York corporation, for 7,500 shares of Series A-1 Preferred Stock valued at approximately $3,000,000.
On July 29, 2006, Shearson Financial Network, Inc. (the "Company") entered into a Shares Exchange Agreement and Plan of Reorganization Agreement (the "Agreement") with Allstate Home Loans Inc. ("Allstate"), and the sole shareholder of all of the issued and outstanding shares of Allstate (the "Allstate Shareholder"). Pursuant to the Agreement, which closed on July 29, 2006, the Company is purchasing from the Company's sole shareholder 850 shares of Allstate's issued and outstanding shares of common stock. As of July 29, 2006, Allstate has 1,000 shares common stock that are issued and outstanding. The consideration for this purchase equaled 82,000,000 in common Stock and $1,250,000 in the Company's preferred stock, totaling $3,250,000.
(10)
Convertible Debenture:
On June 30, 2006, the Company entered into a Securities Purchase Agreement, (“Agreement”), by and among the Company, AJW Partners, LLC (“Partners”), AJW Offshore, Ltd. (“Offshore”), AJW Qualified Partners (“Qualified”) and New Millenium Capital Partners, II, LLC (“Millenium”). Partners, Offshore, Qualified and Millenium are collectively referred to as the “Purchasers”. The Agreement provides for the sale by the Company to the Purchasers of Secured Convertible Term Notes (the “Notes”) issued by the Company in the aggregate principal amount of $1,500,000 (“Principal Amount”). The Principal Amount is to be funded by the Purchasers in three traunches $500,000 on July 24, 2006, $500,000 upon filing the Registration Statement and $500,000 upon effectiveness of the Registration Statement. The offering of Notes under the Agreement was made pursuant to Section 4(2) of the Securities Act of 1933, as amended. The Notes matures three years from the date of each Notes, bear interest at 6% per annum, unless the common stock of the Company is greater than $0.025 per share for each trading day of a month, in which event no interest is payable during such month, and principal and interest due at maturity. The Notes are convertible into common stock of the Company at 50% discount to the average of the three lowest trading prices of the common stock during the 20 trading day period prior to conversion. In connection with the subject offering, the Company issued an aggregate of 30,000,000 warrants (10,000,000 upon each traunch of financing) to purchase common stock at a price of $0.02 per share. The warrants are exercisable for a period of five years. The Company has the right to redeem the Notes under certain circumstances and the right to prevent conversions in any month where the stock price is less than $0.05 per share. The conversion of the Notes is subject to an effective Registration Statement to be filed by the Company. In the event the Company is unable to have the Registration Statement declared effective within the timeframe of the Agreement, we may be required to pay to the Note Holders an amount equal to the then outstanding principal amount of the Notes multiplied by two hundredths (.02) times the sum of: (a) the number of months (prorated for partial months) after the filing date or the end of the one hundred and eighty day period and prior to the date the Registration Statement is declared effective, (b) the number of months (prorated for partial months) that sales of all of the shares registered cannot be made after the Registration Statements is declared effective and (c) the number of months (prorated for partial months) that the common stock is not listed or included for quotation or the OTCBB, NASDAQ Small Cap, NYSE or AMEX or that trading has been halted after the Registration has been declared effective. If thereafter, sales could not be made pursuant to the Registration Statement, for an additional period of one month, the Company shall pay an additional $5,000 for each $250,000 of outstanding principal under the Notes. Further, any amounts owing to the investors shall be paid in cash or, at the Company’s option, shares of common stock priced at 50% discount to the market price. As of September 30, 2006, the management of the Company believes the Registration Statement will be declared effective within the timeframe of the Agreement. In the event the Registration Statement is not declared effective within the required timeframe, the Company will record any penalties incurred at such time. The Agreement contains a conversion limit which limits the ability of the Purchasers to convert the Notes to not exceed 4.99% of the Company’s outstanding shares of common stock at any given time.
As of September 30, 2006, the Company has received the 1 st and 2 nd traunch totaling $1,000,000 of the Notes and considers two thirds of the 30,000,000 warrants or 20,000,000 granted.
The Company has determined the Notes contains a beneficial conversion feature and qualifies for treatment under Emerging Issue Task Force No. 00-27. The estimated fair value of the detachable warrants of $421,166 has been determined using Black-Scholes option pricing model using the following assumptions: stock price volatility ranging from 340% to 343%, risk free interest rate of 5.15%; dividend yield of 0% and 3 year term. The face amount of the Notes of $1,000,000 was proportionately allocated to the Notes and the warrants in the amount of $704,162 and $295,838, respectively. The Notes’ proportionate allocated value of $704,162 was then further allocated between the Notes and the beneficial conversion feature, which the entire remaining value of $704,162 was allocated to the beneficial conversion feature. The combined total value of the warrant and beneficial conversion feature of $1,000,000 has been accounted for as a debt discount which is being amortized and treated as interest expense over the term of the Notes. For the nine months ended September 30, 2006, the Company amortized a total of $72,993.
Related-Party Transactions:
On January 21, 2005, the Company borrowed $125,000 from its Chief Financial Officer, Wayne Bailey.
During the month of December 2005, the Company entered in to financing agreement with Eclipse Holding Company, which is 50% owned by the Company’s Chief Executive Officer, Michael Barron. The Company entered into an agreement to borrow a total of $750,000 in the form of a note payable, with an interest of 10% per annum. At September 30, 2006, the outstanding balance on this note was $683,396. The agreement calls for the issuance of common stock warrants. As of September 30, 2006 the Company issued 22,469,999 shares to Eclipse Holding Company
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds.
During the nine months ended September 30, 2006, the Company issued shares of its common stock to the following:
24,431,120 shares issued to employees as deferred compensation with a total value of $932,814.
10,510,000 shares issued to individuals as settlement of accounts payable with a total value of $409,890.
85,588,272 shares issued to individuals for legal and consulting services with a total value of $3,466,693.
150,000 shares issued to an individual as settlement of debt with a total value of $5,850.
80,000,000 shares issued for acquisition of Allstate Funding Corp.
They have a number of authorized shares well beyond the published outstanding number. One of many disturbing characteristics of otc stocks is their ability to report most anything much later than gm stocks. Insider sales, s2, s8, etc, even K's and Q's can be reported late without sec recourse. Most reports can be latent to supposed timeliness by up to six months.
Most transfer agents are honest about information given. Inquiries should ask precise questions concerning dates and numbers and relativity and when future share counts will be made.
Was she good lookin'? I wanna be good lookin'. I bet she can't strangle animal crackers like me.
I come and go on bulletin boards. My real love does not allow much time to participate - emini's. Stocks are good entertainment stuff. emini's just move up and down without drama and often without reason - lonely and a little boring at times. few talk about it. I had time to yack today because I made my money before 10 or so today. Easy day.
With research I believe someone will ultimately find I am correct. I believe it else I would never say it.
I'm not concerned at this point.... Just alarmed how people react to it being pointed out. I truly believe it is occurring but not to the point it overly interferes except in one episode today.
I'm in at .028. I'll have to look up what all my numbers are to have a wish number. I think I lost a penny on the incomplete exit. Not exactly sure. Only 8500 shares left. So, it would have to be substantial to realize a clean bye. You can see why it is what it is.
Yep. What you said eom
I did not count it. It was meaningful in that mm's usually followed with drops in price. Yet, it is not enough to promote change in market direction.
http://www.siliconinvestor.com/readmsg.aspx?msgid=23131102
Nothing is absolute, I guess. It's just knowledge/history of the market. People easily get upset when potential exists the picture is not whole. Have a great evening.
http://www.siliconinvestor.com/readmsg.aspx?msgid=23131102
English is a wonderful language. Learn it sometime. It would come in handy.
You didn't answer the questions. That is okay. I know the answers. Relying on cmf or any other single indicator can prove catastrophic. Good luck.
No. I don't recall anything like that. Do you think a mm would buy a large quantity lot above the bid when if anyone else sold their shares it would be split up or sold at falling bids until executed? Be realistic.
How 'bout placements? Are they new shares? Are they negotiated if large enough? What about the dozens of other smaller orders? Why do you see in-betweens almost exclusively in otc and not in nm? Why do other mm's reduce bid/ask afterward when the execution was higher?
Did I say I was kidding? eom
Okay. You believe what you chose and I will too. Do you know the difference between cmf, adi, and obv? Do you know why the three even exist?
Please do. I'd be interested in hearing what he says. After nearly twenty years of looking at this stuff, calling transfer agents, charts, etc, I'd say it is a good bet they are. They may not. I hope not. I am very heavy in this thing at .023 and .026. It's just the knowledge acquired with several years screwing around with otc's lends indication of new shares coming out. Hecky. I have my reputation of sorts relying on this stock. http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1845867
I can tell time eom