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My screen shows an announcement at 8:29 am -- does anyone know what the "bad apple" is saying this morning?
Outstanding assessment! One, however,that I have NO intention of following. My definition of a basher is anyone with a negative opinion that does NOT own the stock. Why else would those idiots even be here?
Go relieve yourself somewhere else.
I totally agree with your assessment of "bad apple". But my concern goes far deeper. These clowns have access to inside information that only a co.'s P.R. firm would have in order to release information to the public, yet they are, imo, selling stock into the marketplace at the same time. They have a distinct advantage over you and me but because this is a pink-sheet stock apparently nothing can be done. The S.E.C. has specific rules regarding the time frame that is required for profit-taking regarding people who have information not privy to the public shareholders. If a person is caught violating these rules they can be forced to return their profits to the co. My understanding from previous posters is that they are being paid $50,000/month. If this is true, Frank needs to be given a saliva test or have his medication adjusted--one of the two.
Don't you think the creditors have some say in all of this or did you forget about them?
IMO, people are being misled with all of this negative talk regarding the R/S of the EVSI stock. Naked reversals are disasterous! This, if accomplished, will NOT be that kind of reversal because there are fundamental developements that are also part of this total business transaction--the main one being the acquisition of a serious company [Actsoft}. My guess is a 1 for 3 reverse split. It is very important that they leave enough shares in the float to retain a healthy amount of liquidity in order to attract more sophisticated investors. A hope this helps you understand why the proposed R/S of EVSI does not concern me at all.
Your equating K-Mart to the EVSI situation makes no sense at all to me. First of all, EVSI is a shell that will only have value if something worthwhile is put in it. The risk in putting money in EVSI is the Actsoft deal falling through--simple as that. I am betting on the deal being finalized and the stock reacting accordingly. The average price per share of the stock traded over the past several years is a lot higher than it is right now and that fact could allow us to see some serious appreciation IF things are consumated.There are some very interesting conclusions that can be drawn from the way EVSI is restructuring their debt. It would appear there are people involved who are bullish on the future stock price of EVSI.
Your equating K-Mart to the EVSI situation makes no sense at all to me. First of all, EVSI is a shell that will only have value if something worthwhile is put in it. The risk in putting money in EVSI is the Actsoft deal falling through--simple as that. I am betting on the deal being finalized and the stock reacting accordingly. The average price per share of the stock traded over the past several years is a lot higher than it is right now and that fact could allow us to see some serious appreciation IF things are consumated.There are some very interesting conclusions that can be drawn from the way EVSI is restructuring their debt. It would appear there are people involved who are bullish on the future stock price of EVSI.
In my opinion, the reverse split cannot be too severe or the number of shares in the float will put a constraint on the daily average trading volume and thereby inhibit liquidity in the stock. My guess would be a 3 for 1 reverse.
No- I had not seen this article and thank you. This just reinforces my decision to buy EVSI because now I realize the average price per share that exists in the float is considerably higher than I ever thought it was. Knowing that the stock I bought as low as 7 cents once traded over $30 gives me a warm and fuzzy. All this tells me is the "overhang" at these levels is minimal and there are many shareholders that have paid a whole lot more years ago that , in my opinion, only need a reason to average down; such as, an Actsoft deal. Thanks again for bringing this article to my attention.
Some thoughts for Spencer Has Arrived---My understanding from previous comments on this board, "Bad Apple" is compensated at a rate of $50,000/month in free trading stock. If this is true, mgt. should be taken out back and shot for their own good! First of all, the conversation you had with the girl there last week bordered on illegal. The role of a real P.R. firm is to keep a company's shareholders up to date on developements --not give ANY info on things to come. If and when Hisc. gets uplisted to the BB this nonsense will stop or the co. will be in serious trouble. I own 800,000 shares and love the technology but, until they bring in a real P.R. firm to establish credibility in the marketplace, I'm afraid we are not going anywhere soon. In closing, I would like you to know that I have been buying EVSI since the announcement because of the "float" and the impact that a deal with Actsoft could have on its PPS.
I must apologize for being 3 months late in responding to you!!! I was away on vacation and business. Obviously a lot has happened with Plasticon in my absence and I must inform you that I was unimpressed with management's behavior and deceit regarding the O/S. Having run several public companies, the most important issue mgt. should always be concerned about is their credibility with its shareholders. Once you lose that-- everything becomes more difficult to accomplish. Because of this I sold my entire position. I truly hope Plni works out for you and the other shareholders. But for me the total number of outstanding shares has gotten totally out of hand and the ONLY way any credibility can be restored in the marketplace is with a reverse split. If and when this happens, I may consider repurchasing shares but until.
I must apologize for being 3 months late in responding to you!!! I was away on vacation and business. Obviously a lot has happened with Plasticon in my absence and I must inform you that I was unimpressed with management's behavior and deceit regarding the O/S. Having run several public companies, the most important issue mgt. should always be concerned about is their credibility with its shareholders. Once you lose that-- everything becomes more difficult to accomplish. Because of this I sold my entire position. I truly hope Plni works out for you and the other shareholders. But for me the total number of outstanding shares has gotten totally out of hand and the ONLY way any credibility can be restored in the marketplace is with a reverse split. If and when this happens, I may consider repurchasing shares but until.
Rager--I just read your posting "ways of a MM" from 3 years ago and was very impressed with how you decribed the "workings" of a market, especially as it relates to a bb company. I have been on the other side of your experience [i.e.] as a principle of public co.'s that I started and built. How did you find Seychelle? Maybe we can exchange some thoughts on this very interesting situation.
I respect your position--trust me none of these negative folks have EVER been involved in the running of a public co.--I have
" pick ay pinky stock--it's getting diluted"--if you want to have a conversation about one that is not you can contact me at jimmymac0219@aol.com
• SEYCHELLE ENVIRONMENTAL TECHNOLOGIES INC /CA Files SEC form 10QSB, Quarterly Report
EDGAR Online (Tue 2:59pm}
This could be a very good week for SYEV.
Rook-- Since you're having a problem understanding my post let me try to simplify it for you. For sake of discussion, let's say that Semco was to have a 50% interest in the new co. but agreed to take 1.5 billion shares at closing leaving a total of 4 billion outstanding. That means that the new co. would have to " buy-back " 1 billion shares in order to result in Semco owning 50% of the new co. In effect Semco would be using part of its existing profits after the acquisition to reduce the total number of shares in order to accomplish this. Hopefully this clears up my earlier post.
Issuing additional shares COULD actually complement an intent to buy-back shares IF, as part of the acquisition terms, it was agreed by both parties that a buy-back would occur AFTER the deal was completed in order to give Semco a higher percentage of Plasticon. That, IMO, makes perfect sense.
Rook a company can only buy-back their shares from profits not from equity. If the 2 acquisitions that have been announced are indeed both profitable, maybe AFTER the acquisitions are completed then they will begin the buy-back stage since they would be in a position to do so. Just an opinion.
Rook--Let me preface what I am about to say by telling you that I have had 30 years of experience in mergers and aquisitions specializing in small public companies--now here are some random FACTS not opinions about the business of being a "public company" that may shed some light on the apparent confusion that currently exists regarding Plasticon--1] a public company cannot increase the number of authorized shares without shareholder approval even if it is only a formality [as in the case of Plasticon] 2] pinksheets notwithstanding, Mr.Turek has made written statements that, if untrue, leave him extremely vulnerable--he would have to be stupid beyond belief to set himself up like this 3] the vast majority of small public co.s have to use stock to acquire other companies; hence, the need for more shares 4] an audit in the post Enron/Arthur Anderson era is a costly and very time-consuming event and anyone who puts any significance in delays have obviously never gone through one 5] an uplisting the the BB means the co. must file 3 10- Q's [unaudited] and 1 10-K each year--the uplisting would mark the end of confusion as it relates to "numbers". In conclusion, unless Mr. Turek is stupid enough to lie on paper, the additional shares that everyone is screaming about will have been used in the acquisition process--IMO.
Time for a positive spin on the news regarding the increase in shares. As I see it, this news has to be audit-related otherwise why would the co. want it to be known? The answer--they had no choice. In my opinion, the most optimistic scenario that I envision for us shareholders is the following: 1] audit completed within 90 days 2] both acquisitions finalized with both businesses continuing to grow in the meantime 3] some form of creative "retirement" of shares by the co. If these things happen we can see this stock selling in the 03 to 05 cent range. At that point the co. will have to reverse the stock if it wants to play with the "big boys", probably 100 for 1 to enable reputable brokerage firms to take an interest. For the record-- today I bought 1,000,000 shares at .0054--giving me a total of 4,000,000 @ an average of .008.
The next P.R. from PLNI needs to contain real dollar figures to give substance to the whole situation. SYEV [another pink sheet co.] announced on Tues. a deal involving China with min. yearly dollar figures and their stock has tripled!. That's what we need to see PLNI at .02. This is not "brain surgery". Stop with the fluff.
Since this company trades on the "pink sheets" it is much more difficult to find info. I have used their water bottle that utilizes disposable filters. This technology has tremendous value in third world countries where "good water" is at a premium. Because of the simplicity of the product,there is no learning curve for the users. I believe, if the company were trading on the BB, the reaction to the Chine deal would have been much greater. This has created the most interest in Seychelle in years--it's about time!
When I have more time I will be glad to give you some history. I will start by telling you that this is the only time in my life that I have made a major financial committment to a public company that I did not start. A key element in the syev story is that as of the last filing there is only 2.9 million shares in the float out of a total of approx. 22,000,000 and of those the majority is held by a few long term investors. I'll continue later.
After buying this stock for over 10 years, yesterday's news was wonderful to say the least!! This technology is very serious and the potential market for this is limitless--I am having a good day and I hope you are too.