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Awesome, thanks for posting.
Maybe I read it wrong, but Bruce Harmon doesn't own 64% of Elay. He was smart enough to position himself with 64% of the voting power (by issuing himself preferred shares with 100 votes per share instead of 1 vote per share) but I think he owns less than 10% of the common and preferred shares. This is why he did not need our vote or proxy to increase the A/S.
He's not stupid, the people around him are! I'm still expecting some big profits before Feb. 4.
Speculative but makes a great deal of sense for both AMBS and ABBV. MANF would be a good replacement for the Levodopa-carbidopa drug which was approved back in 1988 by the FDA. Side effects of this drug can be bad and potentially life threatening or ineffective when taken with other medications.
I am brand new to AMBS, got in at a lowpoint on Friday thanks to a post from Lewsogge. AMBS has great management, unlimited potential in MANF and a long pipeline of news and PR's coming our way. Glad to be long and fully expect an uplist to AMEX or NASDAQ before mid 2014.
Only that you no longer think ELAY will see a dollar this year, I do believe we may break that dollar mark in November 2013. I couldn't agree more with your long term views and expectation of a takeover.
Any thoughts on the recent A/S increase? Could this be a defensive maneouver to prevent a hostile takeover in the short term?
This article released today is a snapshot of what is taking place in most emerging markets around the world. With respect G2W, I disagree, I think ELAY is a prime takeover target and sees $1.00 plus in 2013. ELAY completes the e-commerce bundle for Ebay or one of it's competitors.
Boom in online shopping seen for Russia
MOSCOW, Jan. 11 (UPI) -- U.S. analysts say Russia will experience a boom in online shopping in 2013, with activity reaching $40 billion by 2015.
U.S. investment bank Morgan Stanley said last year's market volume for e-commerce in Russia stood at $12 billion, which could increase drastically in 2013 thanks to increased Internet access, The Voice of Russia reported Friday.
Ilya Rachenkov, an analyst in Moscow, said he agrees with the reasons to expect a significant increase in online shopping in Russia.
"First and foremost, this year will see further growth in broadband Internet access in Russia, where the number of Internet users is certain to increase," he said. "Another factor is the spread of online banking and electronic payment systems, including Yandex Money and others."
Yandex is Russia's leading Internet search engine.
Brick-and-mortar shopping business will gradually transfer to the Internet to reduce expenses, financial experts said.
"Online shopping will contribute to enhancing the consumer retail market due to the fact that as compared to traditional trade, online one can introduce a lot more goods to be purchased by customers all across Russia," investment banker and economist Sergei Khestanov said.
You can't keep a good MAN(F) down! Go AMBS!!
This information is contained in the recent SEC filings. If I am interpreting it right, aprox. 600 million of the 1 billion available shares have been released by the company. There is no doubt that debt conversion and stock options are being exercised here by the company but what is better for shareholders, an increase in A/S or bankruptcy proceedings?
IMO, a PR and big pump this early would make no sense at all for the company or it's investors. The extra 4 billion shares are not eligible for weeks and the annual earnings report is not due until March. Patience equals $$$$$$$$$$$$$ here.
THE WALL STREET JOURNAL post for Dec.17th. It looks like layaway numbers for Q4 are going to be huge. Good luck everyone!!
http://online.wsj.com/article/SB10001424052970203733304577102802039033784.html
DALLAS—Arquietta Bold, a 23-year-old teacher's aide, endured two long lines at a Wal-Mart on Friday to pay the balance on $300 worth of toys and a digital camera she put on layaway two months ago. The hour-long wait with dozens of others was worth it, she said.
Enlarge Image
CloseAssociated Press
Shoppers are embracing pay-over-time plans. Above, customers at a Kmart in Grand Rapids, Mich., lined up to finish payments and retrieve goods.
."Layaway took away a lot of the stress," Ms. Bold said. "If I had to pay all at one time, I couldn't have bought this much."
Friday was the deadline for many shoppers to pay the balance of their layaway purchases, which made a big comeback this holiday season. Around the country, retailers reported Good Samaritans were even stepping in to pay layaway for some customers.
Layaway allows shoppers to pay in installments until the full price is met; there is also a service fee, usually $5, and an additional charge if shoppers cancel their purchases.
No one knows how much layaway programs contribute to the $469 billion Americans are expected to spend on holiday purchases this year. But retailers such as Wal-Mart Stores Inc. WMT +0.38%are bringing back or expanding them in the tough economy. Wal-Mart this year resurrected layaway for electronics and toys for the first time since 2005.
Toys "R" Us, which in years past had offered layaway only for very expensive toys, expanded its program storewide this year. The company said the number of shoppers who used its layaway program this year exceeded its internal estimates.
Neither would provide numbers on how many shoppers used layaway, nor would Sears Holdings Corp., SHLD -0.17%which has layaway all year round at its Kmart department stores. And it remains unclear how many shoppers will not be able to pay off their balances and pick up their layaway purchases.
Some retailers have said they are seeing the effects of rivals' layaway programs. Target Corp. TGT +0.70%blamed its lack of a layaway program for its slow toy sales at the season's outset. "Wal-Mart's layaway program has certainly hurt us in November," Kathee Tesija, Target's executive vice president for merchandising, told analysts in an earnings call last month. "Toys are off to a slow start, and I think that's going to be a bit of an uphill climb for us this year."
Layaway has sparked controversy. Sen. Charles Schumer (D., N.Y.) recently criticized retailers for service and cancellation fees that he said, on an annualized percentage basis, were like "sky-high" credit card rates.
Wal-Mart defended the fees on its plan, which include a $5 charge up front and a $10 fee for cancellation, saying that critics such as Sen. Schumer used misleading calculations that made the fees look too high.
"I am not sure how they did their math, but they are not portraying it the way it is," said Wal-Mart spokesman David Tovar. "If you put a couple hundred dollars of items on layaway, then the fee percentages they cited obviously don't apply."
Sears said it makes the terms of its layaway contracts clear to its customers and that it is flexible if customers have trouble coming up with the final payment. Sears customers are given up to two extra weeks, and at Kmart, at least seven days.
Layaway seems to have brought out the Christmas spirit in some Americans, who have been paying off other people's balances at Kmarts and Wal-Marts around the country.
Catharine Osborn, assistant manager at a Wal-Mart in Stow, Ohio, about a half hour outside of Cleveland, said anonymous donors have paid bills for a dozen layaway customers as of Friday.
The benefactors included one couple who offered to pay off five accounts with balances of about $100 each after hearing about a similar Good Samaritan. The couple wanted to remain anonymous.
After learning that someone had paid their debts, "We had a couple of people cry," Ms. Osborn said. "Other people who saw it were crying. It was just great to see that people were willing to help other people at Christmas."
Write to Ann Zimmerman at ann.zimmerman@wsj.com and Miguel Bustillo at miguel.bustillo@wsj.com
I just reviewed ELAY's filings for the last 3 years. They typically release 3 quarterly statements and one annual statement for each calendar year. The reports for the first 3 quarters have been released so we are now waiting for the 2012 annual report. Many (including myself) are waiting for yearend numbers but unfortunately, those don't typically get released until mid-late March of this year.
I hope this year will be different because we could all use some good news but it could be a long wait.
Some are calling for a big pump in the next couple weeks, lets hope there is some truth to the rumour. GLTA
THE FATE OF ELAY rests in the hands of one man but this is not news to anyone that has read the previous SEC filings. As of yesterdays date (correct me if I am wrong) ELAY has released about 600 million shares onto the market. Just because 5 billion total were approved doesn't mean they will all flood into the market at once. If Mr. Harmon intends to deep six this company he will be smart enough to pump the stock and maximize his profits. My definition of long term changed today but I think the chances of this stock running to 0.025 before March 1st are greater today than they were yesterday.
This rant is nothing more than the OPINION of a very inexperienced trader/investor. GOOD LUCK to us all!
GOOD CALL, I agree 100%.
This guy was bad ass. Glad to see he's onboard.
I read my own post and it did sound like a PR job for ELAY, this was not my intent.
I am also a new investor and jumped in head first with a majority of my shares purchased at 0.0036. The first thing I did was hold a mock funeral for my investment as the price continued on down to where it is today. With nothing else to do but wait, I started researching the company, its SEC filings, its history, its employees and so on.
My research continues to give me more confidence to hold this stock. My only real concern in the short term is whether or not traders buying in below .0015 will dump for quick profits and kill the run towards a penny or more on big news. I missed the bus on Amarantus but I'm not going to watch ELAY leave the station without me.
It all comes down to risk vs. reward for me and I'm holding for big news. Correct me if I'm wrong but this is a real company with solid employees and huge potential. GLTA
WALMART only offers layaway on most items from November to December with the exception of jewellery which is available year round. The great news going forward is that Walmart and most other large retailers do not offer online layaway options YET! Enter ELAY with it's patent pending technology to bring all retailers into the 21st century. ELAY management believes there will be explosive growth as a result of these retailers adding online layaway, I have done 100+ hours of DD on this company and I STRONGLY AGREE. Good luck to all!!
SEE BELOW for an excerpt from the news release in October regarding partnership with Dynamic Signal. Knowing that management is expecting "explosive growth" this quarter and an increase in registered customers from 110,000 to 1,000,000 in the short term... Parabolic growth upwards!! ELAY
eLayaway, Inc. (OTCBB: ELAY) ("eLayaway" or "the Company"), parent company of DivvyTech, Inc. -- creators of innovative recurring payment technology solutions, specializing in online layaway services, is pleased to announce a new partnership agreement with Dynamic Signal, a California-based provider of Social Customer Relationship Management (CRM) services.
As the leader in layaway payment processing technology, eLayaway empowers merchants and retailers with an automated payment solution that is designed to support the implementation and management of a layaway program. Consumers can use eLayaway to shop debt-free with participating affiliates to ease the cost of purchasing products like the Apple(R) iPad(R), WalMart(R) or Best Buy(R) gift cards, merchandise from Sears(R) & Kmart(R), or even Whirlpool(R) appliances and much more.
eLayaway currently boasts over 110k registered members to its website and expects explosive growth over the next quarter. 29% of daily traffic to eLayaway.com is comprised of new, first time visitors and with a new website redesign on the horizon, both parties expect an increase in the amount of new members and sales growth.
CONGRATULATIONS to all who got in below 0.0015, ELAY is going to see a penny in the near future IMO.
Happy and Prosperous New Year to you all, from Whiterock, B.C., Canada. AMBS is going strong, those with the faith and patience still holding on January 10th will be rewarded! Cheers
Strange that my accepted orders do not show on L2 and that orders are being filled that are lower than my bid price. Any thoughts on why this happens? ELAY
My account shows 0.108 at close on Friday but dropped to 0.0896 afterhours. All my cash was tied up so I had to stand around and watch the AMBS train leave the station, GLTA but I really don't think you will need it... this one is going to $1.40+
Another interesting article for investors:
Anonymous ‘Layaway Angels’ Return to Pay Off Strangers’ Balances
By Lisa Scherzer | Yahoo! Finance – 11 hours ago
"The number of good Samaritans has apparently been growing, according to a Friday story in USA Today. A woman in Stratford, Wis., got a call from a Walmart store last week telling her that the remaining $100 on her layaway — including toys and DVDs for her five children — had been paid. "I cried," the article stated.
As of this morning, 73 Kmart stores have reported layaway angels spent more than $100,000 to pay off balances, mostly on children’s gifts like toys and clothing, said Shannelle Armstrong-Fowler, director of public relations for Sears. One recent example of altruism: A car dealer owner in Anaheim, Calif., paid down the entire amount of layaway balances in two Kmart stores, which came to $18,000 and 131 accounts."
"A Toys R Us spokeswoman said the retailer has seen more than 600 layaway orders paid off by anonymous benefactors in stores since it started the program in October."
"One reason for the uptick in layaway payoffs is that a few big-box retailers, including Walmart, reinstated the program last year, allowing low-income shoppers in particular to manage their gift-buying budgets.
“We got inundated last year — people came into the stores all over country” and paid off about $1 million in layaway accounts, Armstrong-Fowler said. Anonymous donors actually pay off others’ layaway accounts throughout the year, but there’s an uptick around the holidays, she said.
With the fiscal cliff looming, trend reports and Elayaway filings will be huge IMO.
Interesting article in Wall Street Journal for October 2012, hope the next news release is big enough to blow through the manipulation and dumping. ELAY
"The first day layaway became available at Wal-Mart, nearly 145,000 layaway accounts were opened and within a few days, the average basket price was higher than last year, the company said. "Since then, we've seen continued interest in layaway, way above our expectations," said a Wal-Mart spokesman. Overall, top layaway items include home coffee brewing systems, iPads, ultrabooks, Furby and trampolines"
"Layaway may allow some parents to afford more expensive purchases than they would have otherwise bought, if all the cash had to be laid out at once. Razor USA LLC said it has seen a triple-digit jump in layaway sales of its expensive, motorized scooters, some of which sell for as much as $289."
"Shoppers also use layaway as a way to store gifts, particularly the bulky items, out of the house. Last year, Wal-Mart brought its layaway back after it did away with the service for everything but jewelry in 2006, citing declining demand and backroom clutter created by holding half-purchased items in storage. Now Wal-Mart fills big trucks in the back of its stores with layaway items.
"For retailers, layaway can have an important upside, by increasing customer traffic and impulse purchases. "With layaway, you're walking in every few weeks to pay," said Chris Byrne, content director at Timetoplaymag.com. "It is a built-in traffic driver."
-A version of this article appeared October 5, 2012, on page B3 in the U.S. edition of The Wall Street Journal, with the headline: Layaway Leads to Early Rush on Holiday Toys.
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Thanks for the response. Do you know if there is anything proprietary about the new software? Does ELAY hold any patents or intellectual property that add value to the company moving forward? I am holding 600,000 units for the long haul and believing that other true investors have the same insight and faith in the company that you do.
Walmart has brought back layaway but only offers it for the Christmas season from Sept.16-Dec.14(except for jewellery which is eligible year round). You've peaked my interest G2W, why do you think this news would elevate the pps to 500 times it's current value? I believe in the services being provided but could a giant like Walmart partner with ELAY given it's financial challenges?
Newbie here. To the handful of posters that know this stock and understand L2, thanks for the education. I pulled the trigger a bit early and am holding the bag at this point but this stock is going big IMO if it breaks past 0.003. To the MM's and bidwhackers... go treat yourself to a day at the spa or something so we can get Elay back to a penny before big news takes it even higher. GLTM and GLTA.