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I edited on my own regards.
I think you're right. The Peter J Fiorillo was CEO of EB2B and another company that merged with them if I remember correctly. I had them messed up also for a while.
Sandy Winick - now I remember why I got out of this..... Might have been a bad move by me, but I'll take my chances..... GLTA
I wouldn't think they would know it as RXPC as this is the ticker we use today. The ipo is a subsidary of RXPC if I'm reading this right. They might know it by either Peter being the CEO, or as RXPC being the parent company maybe. That's the only way I can think of.
No kidding, buy you about 14000 shares for 500 bucks and see if it will turn into 53,760 dollars in a year.
still here with my measly 51,934
The way I understood it was that we will get 8% divvy of common stock (class A I'm guessing), but according to Nasdaq, it will be restricted because we own the stock prior to it being IPO'd. Hense, if we were able to sell on the opening day it would be considered inside trading. So we will have tradeable stock, just not for either 180 days, or 1 year. It's usually a year, but I don't think it has to be.
ROFLMAO
It will have to be less than $0.5625 for you to lose money.
No, you will have 8% of what you have now, except an IPO price of $48 a share of a Nasdaq listed company that is required to report, audit, etc. Your value of your account will be 3.84 for every share that you own now. Basically from what I am getting at this, we are going private with this company and starting up a public company in September. It's not quite that simple, but the best I can put it.
based on if the shares were valued at .10 (I did this to keep it simple) currently, the share price of RXPC would have to be less than 1.25 at the end of the year for you to have less money. Since it's at around .05, it would be have to be less than $0.63 for you to have less that what you do now.
The big thing is going to be getting the IPO paperwork timely done, and enough interest in shares that whatever firm is backing us can sell the shares. I spoke with a broker about what is going on, and she said she has seen this done before. I never could find out what is "enough interest" was. I've searched and searched the NASD rules and cant come up with anything. If anyone knows what rules apply to the organization itself, feel free.
If this goes through, basically whatever shares you will have of RXPC(or whatever ticker symbol it will have then) when it goes to the Nasdaq on it's IPO date you will have owned pre-IPO. According to Nasdaq rules, anyone that owns shares of a stock pre-IPO date has to hold those shares for 1 year before they can sell them on the market without filing insider trading forms with the SEC. So if the IPO is in Sept of 2006, you theoretically cant sell until sept 2007 unless you file insider transaction paperwork
I think you mean private.
I say make it October, that way it will give us an extra month to see the direction we're headed. When we get to that point, we'll see who's eating Fillet's (for all the beef lovers), and who's eating grass. (goats)
No, I'm at work I'll Pm u the number
It's like what's been said before, look at other companies doing the same business style (sort of) and their share structure and pps. Untelling. If this works.
I promised myself I was in this for the long haul so an 15months when our shares are no longer restricted we'll see what the "end of the story" brings. Also, if this flies I say Scotland is on DD.
No doubt.
It's like this ppl. If you've averaged down/your initial avg price or whatever and you've made a profitt,(sp.?) and you sell, good job. Any profit is good profit. If you've lost money and are afraid to lose more, you probably shouldn't be investing in the pinksheets to begin with, but I can relate to you anyway - trust me - go ahead and sell. If you just like the "thrill of the flip" by all means get out because that definately is not going to happen. However, I, myself and a few others here are longs anyway. I didn't expect dollars until sometime next year or two and by that time most everyone here would have sold anyway, imo because it wasnt jumping up like they wanted. It's like I said to JR before, if Peter (and I haven't talked to him personally, but I trust jr as we have communicated with each other quite a bit) is honest and doing his damndest to get this company off the ground and onto the Nasdaq and not trying to screw the investors, what else can anyone ask for? To me, if he was trying to screw everyone since we're on the Pinksheets why not make up some bogus number, hide everything and run the printing press? That's the easiest way to make money for these CEO's if they're in it for themselves. He's not done that, nor shown an inkling to do that - so heck, I'm game. It's only money.
Take care G. GL to us all, no matter what we decide.
I think according to Nasdaq rules, if you purchase an IPO prior to it going public, you are supposed to hold for a year.
I'm with you on this.
Only one way to find out - wait and see or you can sell now and make a quick near double if I remember correctly... I have a hard time comprehending a lot of it myself, but I am in this for the long haul anyway sooo - Here I wait all broken hearted tried to, never mind.
The only thing that I have issues with - what is going to make this worth 48/share. Also, are the shares we hold going to be restricted - hope not. - But I'm guessing on the shareholders CC we will find out. I've never done a shareholder CC before - do we get to ask our questions?
They already have.
So this makes every one share we have now worth 3.84 a share? right?
1*.08 * 48 = 3.84
So now do we want the price to go down so we can buy more????
Scratch that last post. I was figuring 1,000,000 total. Never mind you all are way ahead of me.....
all things being equal, I just done a litte math....
Current share structure - 67,863,532 * .07 = 4,750,447.24
Projected - 1,000,000 * 48 = 48,000,000 (arent these figures market cap)
Soooo if you take a percentage of the total O/S you own (we'll do 100,000 to keep this even)
100,000 / 67,863,532 = 0.0014735454676894801172447081003683
1,000,000 * 0.0014735454676894801172447081003683 = 1473.5 shares
1473.5 * 48 = $70,728 total value.
This is the "mathematically correct" way this should work.
Yeppers. How about this then - when we become reporting, etc., etc. like Peter's intentions are - we will soar instead of just fly.? Wheeeeeee. LOL
Oh, absolutely I agree it needs to be clarified first. But speaking from the average (or maybe not so...) when we become fully reporting, and audited the credibility to the general public will increase dramatically. (remember on any pink stock the phrase - "oh well it's a pinkie"?) That has to happen before we're added to any exchange. Also, when we're credible the large Investors - i.e. small cap mutual funds - start buying in. This low float and if that was to happen? Yeah, we're all millionaires. But, that's a little way's down the road. I would say that most of what we've seen is the day/week traders that have itchy mouse button fingers. After DLS and the especially the post - 07/04 CC I have a feeling we're on our way.... But that's just my opinion. We were audited once and If I remember correctly I think it took about 2 or 3 months for it to be completed. How long have they been working on it - anyone know?
nah, not really. Mostly longs on this stock with a few flippers. Hard to get shares. No reason to sell for those of us that have followed the stock and spoke with the CEO. THose that don't know or are new are not willing to pay for it because well, they don't know or are not sure. This is a pinkie, so it's hard for ppl to believe anything that's in print. Once we file the 15c211 and become fully reporting and audited, and after numbers are given out, that's when the real fun will begin.
exactly.
Hey, we made the OTCPicks.com alert list today.....
OTCPicks.com: Daily Market Movers Digest Stock Alerts, Wednesday, June 28th, RXPC, EVSC, USAT, CMTX, EERG
Jun 28, 2006 (M2 PRESSWIRE via COMTEX) -- Today our stock watch alerts today
include stock alerts for Rx Processing Corporation (OTC: RXPC), Endovasc, Inc.
(OTCBB: EVSC), USA Technologies, Inc. (OTCBB: USAT), Comtex News Network, Inc.
(OTCBB: CMTX), and Eternal Energy Corp. (OTCBB: EERG).
OTC STOCK ALERTS
RX PROCESSING CORPORATION (OTC: RXPC) "Up 18.42% at close on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/RXPC.php
Rx Processing Corporation (OTC: RXPC) is positioned to become a market leader in
providing prescription medications and preventative health laboratory testing to
U.S. citizens, corporations, and members, through CLIA-certified patient service
centers, for their lab testing and licensed pharmacies in the United States and
around the world. The company provides access to approved brand-name and generic
medications, and hundreds of lab tests with access to 4,000+ CLIA-certified
patient service centers for their lab testing. Rx Processing Corp. estimates
that more than 44 million United States citizens would benefit from the
company's affordable prescription medication and laboratory testing programs.
RXPC News:
June 26 - Rx Processing Corp. Securing Your Health Care Future
Rx Processing Corporation (OTC:RXPC) announces in furtherance of expanding our
overall mission towards establishing a bridge to prescription medications,
laboratory testing and preventative diagnostics we are fortifying our
shareholders position. We assert and maintain our continuing commitment to play
a pivotal role in the evolution of the health care industry.
Additionally, the company is further motivated by the ongoing support of its
shareholders as we address the varied needs of individuals, organizations and
care providers working collectively with those of similar vision.
Rx Processing Corp. is taking immediate steps forward to execute business and
financial plans, which include continuing our relationship with John Bell, owner
of Direct Laboratory Services as a significant shareholder while taking
necessary actions to increase our exposure and strengthen shareholder financial
position. We embrace this transformation and believe our efforts will provide
broader services to a wider demographic of U.S. citizens.
Peter Fiorillo Commented, "As Chairman/CEO my first obligation is a
responsibility to the health care needs of our citizens and to those
shareholders who empower us to achieve these goals. This week I have taken
actions that effectively provide shareholders a new beginning focused with the
same determination to complete the mission I started three years ago."
ENDOVASC, INC. (OTCBB: EVSC) "Up 15.25% at close on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/EVSC.php
Endovasc, Inc. (OTCBB: EVSC), a business development company, engages in the
acquisition and investment of various companies in the biopharmaceutical sector.
The company primarily focuses in the drug development areas of cardiovascular
and metabolic medicine. Its subsidiary, Liprostin, Inc., holds the intellectual
property for a liposomal based treatment to increase circulation and reduce leg
pain in patients suffering from vascular disease. The company's other
subsidiary, Nutraceutical Development Corporation, has an agreement with a
product development company, to commercialize its muscle mass enhancing product;
and Prostent, a stent coating technology. In addition, through joint-ventures,
it develops a bioresorbable drug-eluting cardiovascular stent for the advanced
treatment of coronary artery disease; and biodegradable stents for ureteral and
prostate applications. Endovasc was established in 1996 and is based in
Montgomery, Texas.
USA TECHNOLOGIES, INC. (OTCBB: USAT) "Up 7.73% at close on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/USAT.php
USA Technologies, Inc. (OTCBB: USAT) offers a suite of networked devices and
associated wireless noncash payment, control/access management, remote
monitoring, and data reporting services, as well as energy management products.
Its networked devices and associated services enable the owners and operators of
distributed assets, such as vending machines, personal computers, copiers,
faxes, kiosks, and laundry equipment the ability to remotely monitor, control,
and report on the results of these distributed assets, as well as the ability to
offer their customers alternative cashless payment options. The company's energy
management products reduce the power consumption of various equipments, such as
refrigerated vending machines and glass front coolers. Its energy control
devices include VendingMiser, CoolerMiser, SnackMiser, and PlugMiser. The
company offers Intelligent Vending, a vending solution that bundles e-Port,
USALive, and its Web-based remote monitoring, management, reporting, and payment
processing; eSuds, a solution developed for the commercial laundry industry;
TransAct, a payment technology system developed for self-service business center
devices; Business Express, a solution comprising the TransAct payment terminal
and a suite of office equipment; and KIOSK, a solution that utilizes e-Port and
USALive to offer a cash-free payment option and Web-based remote monitoring and
management for all kiosk types. Its customers include vending machine owners
and/or operators, business center operators, commercial laundry operators,
energy utility companies, schools, and operators of glass front coolers. USA
Technologies markets its products through direct sales and channel sales. The
company has strategic relationships with IBM Corporation; ZiLOG, Inc.; Mars
Electronics, Inc.; and Cingular Wireless. USA Technologies was founded in 1992
and is based in Malvern, Pennsylvania.
COMTEX NEWS NETWORK, INC. (OTCBB: CMTX) "Up 11.76% at close on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/CMTX.php
Comtex News Network, Inc. (OTCBB: CMTX) operates as a wholesaler of electronic
real-time news and related content for financial and business information
distributors in the United States. It receives, combines, filters, and
distributes news and content received from national and international news
bureaus, agencies, and publications. The company's product line includes
CustomWires, Comtex TopNews, and Publisher Full Feeds. CustomWires, a subject
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Full Feeds is a delivery from a specific publisher that provides distributors
with the content offering from that publisher. Comtex is based in Alexandria,
Virginia.
ETERNAL ENERGY CORP. (OTCBB: EERG) "Up 10.62% at close on Tuesday"
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Eternal Energy Corp. (OTCBB: EERG) is an oil and gas company engaged in the
exploration for petroleum and natural gas in the State of Nevada and the North
Sea. The company was incorporated in Nevada on July 25, 2003 to engage in the
acquisition, exploration and development of natural resource properties.
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WOW. Very interesting, and learned a trememdous amount. Thanks a bunch v_s. Kind of makes one wonder about the past 2 months. (stayed ftd's for 56 days on avg.?) Nice timeframe there.
"No small fish" - exactly. If and when this gets in dollarville and we have held, everyone of us here have made some serious jack. The real question is how long and how tempted we can hold out.
Exactly, with a low float this can come down just as quick as it goes up. The demand for this, imo is going to be when this starts bringing in and reporting revenues and Peter mentions Cash Dividends and when they're expected to be paid. (As he has in the past.)
I've got 51,934