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http://www.otcbb.com/faqs/otcbb_faq.stm#filing
What is a Form 211?
The Form 211 is the form which must be completed and submitted to NASD OTC Compliance Unit to initiate or resume quotations in the OTCBB, the "Pink Sheets", or any other comparable quotation medium pursuant to SEC Rule 15c2-11. To view or print the Form 211, please visit our Forms Page. A 211 Addendum Form must be submitted in addition to the Form 211 for the OTCBB.
After a Form 211 is filed, how long until the security can begin quotation on the OTCBB?
There is no standard time to process a 211 and clear the market maker to begin quoting a security on the OTCBB. The time it takes to review a 211 may vary significantly depending on many factors including whether or not NASD has to request additional information from the market maker that submitted the form and upon how long it takes the market maker to respond to requests for additional information.
How do I check the status of a Form 211 filing?
Contact the NASD OTC Compliance Unit. Please note that the Form 211 review process is proprietary and, thus, NASD will only discuss details of the filing or review directly with the firm that submitted the Form 211.
Do financials submitted with the Form 211 have to be audited?
Yes, the periodic reporting requirements under NASD Rule 6530 require annual audits of an OTCBB issuer's financial statements. However, current NASD rules do not require the financial statements of Pink Sheet issuers to be audited, but they should be prepared in accordance with GAAP or, for foreign issuers, in accordance with their home country's accounting standards.
I really have no idea what if anything this means to the average shmoe. I just like to spread the news to see what grows.
July 12, 2007
Jul 12, 2007 (M2 PRESSWIRE via COMTEX News Network) --
BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: On the Go Healthcare Inc. (OTCBB: ONGO), Universal Fog, Inc. (OTCBB: UFOG). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
I can't say you're right however
Well Ray Charles could see this coming .005
A price drop of almost 15% on a dollar amount of about $4000
How easy it has become
Part 1.
It is obvious that they increased the authorized shares for a reason and probably have every intention of increasing the outstanding shares. I just feel one should try to be accurate.
From the 10qsb dated April 30 2007
Common stock $0.0001 par value; 100,000,000
shares authorized; issued 72,976,779
(July 31, 2006 - 463,529)
preferred stock; $0.01 par value; 1,000,000
shares authorized; issued 229,134 (July 31,
2006 - 284,134)
Issued and outstanding - common 7,298 46
Issued and outstanding - preferred 2,291 2,841
Also from same filing
8 SUBSEQUENT EVENT
On June 6, 2007, the Company amended its Amended and Restated Certificate of
Incorporation to increase its authorized shares of common stock from
100,000,000 to 500,000,000.
Your assumption that all here are clueless may be wrong, and they so far have only increased the A/O not the O/S
Interesting to read, Thanks.
One of these days I'll figure all this crap out then watch out, millions here I come. LOL
If you look at the level II's there are a lot of bids at .005
A lot
I will use some Chitown street language now just because it's fun. Hope it dosen't offend
This B$tch ain't actin rite.
This couldn't hardley be more over sold
http://stockcharts.com/h-sc/ui?s=ONGO&p=DAILY&b=5&g=0&id=p23954890720
I never do this but I will this time, this will see at least .005
They are whipping this one harder than a rented mule.
Now I'm mad,I'm not gonna give them shares up
DID YOU HEAR ME
Whew, now I feel better
By the way, I'm really sorry if any of the nice people here where hurt by this
...................drop
.......................drop
...........................drop
What I'm afraid to touch this with right now
http://i73.photobucket.com/albums/i234/charhorse/untitled.jpg
Thank You
I don't subscribe to the HEAD IN THE SAND method of investing.
This isn't an investment grade stock anyway, only a trade IMHO
I don't care if anyone sells because I have no interest in buying right now.
I believe it was their recent PR concerning their Selenium product that created the current flock of bagholders
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bF52ACEA3-B565-4759-A82F-E92C37141E8F%7d&...
HOD price on that particular study release...2.63
Why don't they update investors concerning these effects?
Perhaps you should take a little more time reading and a little less time posting. This was their product
Clinical Examination and Laboratory Methods
The intervention agent was 200 µg of selenium daily, supplied in a 0.5-g, high-selenium baker’s yeast tablet provided by Nutrition 21 (La Jolla, California) through 1995 and by Cypress Systems (Fresno, California) thereafter. The placebo group received a tablet containing yeast only. Selenium and placebo pills were coated with titanium oxide to ensure identical appearance and smell.
"Rough Crowd"
(Rodney Dangerfield)
I'm afraid I'm tring to defend this company from what is currently an undefendable position.
All people really care about is the pps,which last time I looked,
Yeah it still sucks
Hope springs eternal.
My wife say's I like to argue, I thinks she's wrong.
There has been some references from management concerning forward looking plans.
1. Being more selective in sales to increase margins
2. Reductions in work force
3. Paying off debt
Profitability is just around the corner...LOL
Yes, I am aware that there was previous filing.
As filed with the Securities and Exchange Commission on April 25, 2007
CALCULATION OF REGISTRATION FEE
Title of Amount Proposed Maximum Proposed Maximum Amount of
Securities to to be offering Price Registered Aggregate Registration
be Registered Registered(1) per Share(2) offering Price (1) Fee
- --------------- ----------- --------------- -------------------- ------------
Common Stock,
$0.001 par value 17,000,000 $ 0.027 $ 459,000 $ 14.09
1) Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the "Act")
this registration statement shall be deemed to cover additional securities
that may be offered or issued to prevent dilution resulting from stock
splits, stock dividends or similar transactions.
Concerning the payment of shares to employees, from the recent S8 filing
ON THE GO HEALTHCARE, INC.
2007 STOCK OPTION PLAN
Dated: June 6, 2007
Article I. Purposes of the Plan
The purposes of this Stock Option Plan are to attract and retain the best
available personnel, to provide additional incentive to Employees,
Directors and Consultants, and to promote the success of the Company's
business.
Amount of shares regestered for sale
CALCULATION OF REGISTRATION FEE
Title of Amount Proposed Maximum Proposed Maximum Amount of
Securities to to be offering Price Registered Aggregate Registration
be Registered Registered(1) per Share(2) offering Price (1) Fee
--------------- ----------- --------------- -------------------- ------------
Common Stock,
$0.001 par value 100,000,000 $ 0.014 $ 1,400,000 $ 42.98
1) Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the "Act")
this registration statement shall be deemed to cover additional securities
that may be offered or issued to prevent dilution resulting from stock
splits, stock dividends or similar transactions.
Well I actually bought in when the pps was in an upward trend. If you look at the chart you will see a couple of points when it was making a small recovery. End of May beginning of June. It did it twice.
http://stockcharts.com/h-sc/ui?s=ONGO&p=D&b=5&g=0&id=p19943141776
I was making incremental purchases during those movements. My mistake was not selling right away. I won't publish my average pps but I went into this with money I was willing to risk. I also have a long window of time available. This is all a learning experience for me. They have been using shares to make aquisitions but is that a bad thing? I have owned companys that were selling shares to keep the lights on. Many companies pay employees shares but I'm not aware if this is in lew of salary. It may be part of a compensation package, See s8 filing dated 6/7/07. I'm not aware of anything other than that they have disclosed these dispersals.
I didn't write it, someone sent it to me. I thought anyone who frequents these message boards might have interest in the message there.
As far as ONGO goes, I can't equate the trading activity with the companys future. If they become debt free and begin showing a profit it seems that things will turn around.
I didn't expect this kind of drop, and even though my average price is low I would have been flipping a few shares and buying back if my damn crystal ball hadn't broken. I'm still willing to think that they may turn things around.
Who Should I Listen To?
Something that is frequently considered, but rarely discussed, when it comes to public message boards like this one is which posts are really worth consideration. The discussion is rarely held (probably because both sides will end up screaming that the other is wrong, and those with no opinion will stay out of the conversation). So really, who should one listen to?
I believe that the messages that people post (when they are on-topic, anyway) tend to fall into two categories:
Messages from people who are looking for information and opinions
Messages from people who are sharing information and opinions.
Lets start with the first group - Messages from people who are looking for information and opinions.
In my opinion, these messages are the ones that result in the most "gems of knowledge". I have frequently found that other people ask questions on topics that I haven't even considered. These questions have driven me to look for answers that sometimes influence my opinion on the trade that I am holding or considering.
Note an important point that I am making here though. The questions have driven me to look for my own answers. Obviously, I will also look at the answers posted by those who are in the second group, as will most people. However, one should never base their choice to change their position based solely on other people's answers. More on that in the next section of this post.
Then the next group - Messages from people who are looking to share information.
This is the group that is most interesting. I don't categorize these messages based on content; I categorize them based on the author. So what are the types of authors that post messages to share information and opinions? I believe that there are (generally) four types:
Stock Pumpers
Stock Bashers
Analysts
People with little or no clue, but have jumped on either the Pumper's or Basher's bandwagon.
Each of the first three types of people can bring value to a message board, but it is important to be able to understand the perspective from which they post their messages. My thoughts...
Lets start with the last group, since they are the easiest to recognize. People with little or no clue, but have jumped on either the Pumper's or Basher's bandwagon are frequently new investors/traders. They may or may not have taken a position, and they tend to add very little value to any conversation. Messages from this group of people are generally recognized by what appears to be blindly following and agreeing to messages from those who share their investtment/trade opinion, but offer no new insights. They may or may not resort to name calling and/or profanity but the bottom line is that they offer no true insights, or even any good questions, to a discussion. I call them Sheep.
Now lets get to the group that most posters seem to love... the Stock Pumpers. Personally, I believe that this is the most dangerous type of poster on any investment/trading website. The Stock Pumpers quickly build up a loyal following and they (along with their "flock") are quick to criticize the two remaining groups who may post messages that conflict with their "pumping" messages. Stock Pumpers never, ever, ever ever post any messages that criticize the company or the stock movement.
Why do I feel that Stock Pumpers are the most dangerous type of poster? The answer is simple actually. Retail investors / traders (long or short) really have no impact on the PPS of a stock. They do, however, affect the choices that individual investors and traders make. Obviously, no one should make an investment choice based on comments that they read on public message boards, but lets be honest... people do. I have made that mistake in the past, in my early days of trading, and I would be really surprised if any seasoned investor or trader could honestly say that they have never been influenced on a trade based on someone elses opinion.
Now, most investors and traders don't start out by going short on stocks... they start out by going long. So who are these Stock Pumpers influencing? The seasoned investor/trader? The Instituional investors and hedge funds? Or are they influencing the retail investors? The answer is obvious to the seasoned traders, institutional investors, and hedge funds... but if you're not in one of those categories, I will answer the question for you: The ones who are most influenced by Stock Pumpers are the retail investors - especially novice investors.
Why are retail traders/investors (especially novice traders/investors) influenced by Stock Pumpers?
The answer is primarily psychological in my opinion. When one takes a position (bullish or bearish), there is a "support group" mentality that takes place. Humans are, after all, social creatures... we like it when others agree with us, and we dislike it when others disagree.
Now the Stock Bashers... the group everyone loves to hate. I would first like to offer this piece of advice - if you are holding a bullish position, do not ignore the Bashers! Like Stock Pumpers, Stock Bashers are easily recognized by the fact that they never... never ever ever... post anything postive about the stock. The difference is that they will sometimes offer pieces of information that, after you do your own research, might make you re-consider your position.
Why are Stock Bashers generally unable to influence a stock price?
Again - it comes down to who really drives the price of a stock. Is it the retail investor? No, it is the institutional investors and hedge funds. If you believe that messages posted on a public financial message board are influencing the stock that you own, then you are either fooling yourself, or you have chosen an extrememly bad stock.
Now the last group - The Analysts. One might think that this group would be easy to recognize because their questions and comments would always be neutral. That is a fallacy of logic. Analysts typically post messages that clearly illustrate their opinions and/or concerns... depending on the stock, this may mean that they are bearish for a long period of time and slowly change their positon to bullish as a stock shows strength. Of course, the inverse is also true.
The Analyst is typically interested in both sides of a stock position (and frequently takes a perspective that is contrary to their actual position). This poster can be recognized by their ability to evolve their opinion from bullish to bearish and from bearish to bullish. They will typically engage in conversations with both bears & bulls (including bashers and pumpers) to aid their own analysis and further their own due dilligence.
Does The Analyst drive the investor or trader decisions?
The Analyst probably has the least public impact on any stock. The Analyst is looking at the message board to learn about other key data points to further their own due-dilligence. They tend to catch the wrath of Stock Pumpers, and the Sheep that follow the Stock Pumpers., when they are bearish. They also tend to catch the wrath of the Bashers and the Sheep that follow the Bashers when they are bullish.
Though, probably the least popular of any group, The Analysts are the ones that deserve your attention.
Remember, the stock market isn't a game of popularity... it is a solo exercise that will allow investors and traders to either make money or lose it. If you are interested in being popular, go back to college or high school where being part of a group mattered.
I hope that these thoughts are useful to someone... these message boards can be confusing sometimes and I think that is important to understand what one is reading and what it really means to their investment / trade choices.
I just found this, thought it was interesting
Char
Thanks
Emotions have no business in business.
I'll get over it.
I'm depressed
Yeah it has. I am hoping it's an opportunity. It's a gamble to be sure.
Related party note
From Form 10-QSB
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended April 30, 2007
I will add some notes In parentheses
4. LOAN PAYABLE TO RELATED PARTY
Loans payable to related party totaling $1,037,687 at April 30, 2007, is comprised of advances from a business entity (Cellular Connection} of which the Company's Chief Executive Officer and President(Stuart Turk)is the owner. The advances are due on demand,
secured and non-interest bearing.
Looks like he lent ONGO over a million of his own money. Do you think he believes it's going into the toilet?
I am a new investor and any post on any message should be validated before making any investment decisions, I was wrong once.
Nice eod paint job
Someone spent $1.06 (excluding commission) so we could end the day green.
Adding an average discount brokerage rate of $9.00
per share price of .1006
I hope they break even on those shares
I have it on very good authority from my teenage daughters that I am sooo not cool!
Well, suckered in some more chumps to buy in on a news release.
Now the sell off.
Put in some large aon orders, move up the bid.
Sell your shares to the chumps, Pull your order.
Live and Learn
Gee 1 million 20'ers seems like a lot to me.
Would they be able to use Hamburg Sud's name at all if H. Grosse GMBH wasn't acting as their agent?
You've been busy, keep up the good work
Repeat Order
http://biz.yahoo.com/bw/070627/20070627005347.html?.v=1
Press Release Source: Nighthawk Systems, Inc.
Nighthawk Systems Receives Second Order from Alabama Municipal Utility
Wednesday June 27, 6:00 am ET
SAN ANTONIO--(BUSINESS WIRE)--Nighthawk Systems, Inc. (OTCBB: NIHK - News), a leading provider of intelligent wireless power management and emergency notification solutions, announced today that it has received a second order for its CEO700 meter-based whole house disconnect units from the City of Robertsdale, Alabama Department of Public Works. Robertsdale's Electric Department initiated a remote disconnect utilizing the CEO700 with an initial order in December of 2006, and recently ordered and received additional units from Nighthawk to continue the program.
Another order
http://biz.yahoo.com/prnews/070627/nyw046.html?.v=100
OTG Receives $165,000 Order From Global Financial Services Leader
Wednesday June 27, 7:30 am ET
CONCORD, Ontario, June 27 /PRNewswire-FirstCall/ -- On The Go Technologies Group (OTC Bulletin Board: ONGO; 'OTG' 'the Company'), a leading multi-industry computer hardware, software and systems integrator, announced today that the Company has received an order for several high performance HP Servers, totaling $165,000, from a leading global financial services provider. Half of the order has been shipped, while the remaining equipment is due to ship by week's end.