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Karney,
Should just do a 10,000 for 1 reverse split. The share price will probably open at $.03 a share (500 for 1 reverse split)and be back to $.0001 in a month. A good chance at 4 reverse splits in 2008...ROFl
That's actually my biggest concern is that WWTBAM revenues will be smaller than expected and we will have to do another S-8. They wouldn't have to do it if they would collect the near $2 million loaned out to officers of Company and better collect their accounts receivables!!!
http://biz.yahoo.com/iw/080107/0345235.html
Another fluff PR for PDSS. For some reason PDSS hasn't reverse split yet!!!
AAGH Annual report due 3-31-08. Last year with extentions didn't file until 4-24-07. Hope they give a hint of wwtbam revenue long before that!!!
Francis, its even worse then that. 3 different 1 for 1000 reverse splits and you held 1 billion shares then you are down to 1 share! But, of course Karney hasn't diluted by printing any shares here...ROFLMAO
PDSS....stock of the year in 2008 with all that Karney has in storefor it....at least a dozen more "proposals to entities that probably don't exist... and 4 reverse splits in 2008 seem a real possibility ROFLMAO
Bill "midas touch" Karney and his tidbits of wisdom on why a reverse split is now needed...
"The Company is implementing the stock restructuring to better position the Company for profitability in the new year. These actions will help create shareholder value while leaving us the flexibility to pursue other growth opportunities as they arise. Produce Safety and Security International will be looking into future acquisition and merger candidates in 2008," stated Clarence W. Karney, CEO of Produce Safety & Security International, Inc.
probably zero chance of a bounce here if history repeats itself. Once it flatlines at $.0001 like this the MMs don't even make a bid for the shares. Last time it took days and even longer for most shareholders to sell shares at even $.0001. But I guess you are entitled to dream....ROFLMAO
Maybe he will shoot for FOUR reverse splits in 2008...that should assure him of being named businessman of the year...as all shareholders of PDSS have certainly been given the "business" from "midas touch" Karney
With Karney all things are possible....even a THIRD reverse split within 6 months or so...I thought they would wait until January at least. I was actually going to implement a contest to guess when the next reverse split would occur....but I thought I would wait until Jan 2008 to start it. If brains were gasoline, Karney wouldn't have enough to drive a dinky car around the inside of a cheerio...ROFLMAO
Heptikus,
I agree that the revenue numbers look good are are improving.
My big beef is the way AAGH manages their money. It is crazy that they are cash poor and will probably do another S-8 before WWTBAM revenues cover expenses when thay have almost $2 million loaned out to management, etc!!!!!
They current have $1,976,145 As of June 30, 2007, the amounts are temporary advances made to related parties, which are unsecured, interest free and repayable on demand and include the following: (i) amounts due from entities under common control by the Company’s President, who is also the Chief Executive Officer and the Chief Financial Officer of the Company totaling $1,163,907; (ii) amounts due from officers $200,069 and (iii) amounts due from minority shareholders of $820,513.
Leo,
I hope your lesson wasn't too painful financially. I suppose all penny plays are all suspect...PDSS being at the top of the list.
When PDSS flatlines like it is it is likely you can't even sell for days on end as bid is non-existant as price is really below $.0001.
Remember when IR said their was 1.4 billion shares outstanding (that was two reverse splits ago) then there was volume of over 5 billion one day...ROFLMAO
PDSS uptick where you can sell and make a profit is about as likely as the DNA Sequencing being a product of evolutionary processes. It's tricky but you have to think it out!!!
Kind of ironic that it is WWTBAM that is currently holding stock down in terms of current cash flow. AAGH's other segment alone is looking like it could produce $.05 a share with current share structure. One concern I have in timing whether to buy additional AAGH shares is whether a S-8 is needed (last two January's produced them)to help pay the expenses. The key thing in my mind is when will WWTBAM be cash flow positive? Certainly looks like a compelling story at this price.
Dart,
Were you the guru that enticed TAKI to play PDSS and say it was going to $.01 PPS?
Dart,
Just trying to get to the truth here...as your reasoning doesn't pass smell test.
PDSS had to be the ugliest looking chart at that particular time as it had been straight done since last reverse split 2 months ago. Why stake your reputation with your minions before doing your homework on PDSS?
You are correct for using the trade date when computing gains and losses on stock sold when holding a long position in stock. The settlement date is used instead of the trade date for computing gains and losses when one is short a stock. Therefore, you can sell your long postion on the last day of trading year and you need to sell your short position in time for the typical 3 day settlement time to occur for tax purposes for that respective year.
Why did you recommend PDSS to your minions without doing your DD on the Company first?
CEO disappeared?....He has put out two PRs since you made this statement last week...something smells here...ROFL
Barrell,
Good luck with your potential lawsuit. I think other people on the ragingbull.com PDSS board have also talked to attorneys.
It looks to me nothing can stop Karney from fooling the masses.
Looks like Karney may have started its flat lining PPS stage st $.0001 with another reverse split in early 2008.
It looks like Karney must NOT have skipped town like Dart said...long live karney...ROFL
Dart,
Was it your promotion that caused that one day run-up to $.019 PPS on a Friday about 1 month ago? You sure have a following if true...LOL
I had predicted last week that PDSS would eventually show a no bid situation like it did on the previous two splits. FYI I am not able to respond by private reply as I am a freeloader on investorshub.
Great info, as I never did know the name of Company that financed them. Karney probably used the money to pay off his legal judgments against him! It would be funny if we soon see his mugshot on the internet...ROFLMAO
DART,
I have been out of PDSS about two reverse splits ago. I wasn't accussing you of anything. I just find it fascinating when new posters post on the message board here after the last 2 reverse splits and think they casn make money on this stock!!
"I then talked to Big Apple Consultants tuesday and they said they were killing the stock and getting their money because the CEO disappeared"
Who are these Apple consultants? And why would they know or care about anything about a pink sheet stock PDSS? They confirmed that he has "disappeared" after you checked out his empty personal residence?
My point is you claim as factual Karney has fled the Country (which is possible) but haven't even checked out Company facilities yet? The only reason you jumped into PDSS was because of that one day PPS run on volume on a friday back in Novemeber?
Its right on top here on this message board. How did you find Karney's private address? Maybe he just moved?
Produce Safety & Security International, Inc.
330 E. Las Colinas Blvd.
#714
Irving, TX 75039
Dart,
What was your reasoning for recommending PDSS in the first place. While I figured Karney would fly the coup one day how are you sure that is what occurred. Did you visit the Company headquarters also to verify?
Vaga,
Once PDSS flatlines at $.0001..which will be soon...you will have NO bid to unload your shares. It happened the last two times just before the two respective reverse splits this year where people could not sell their shares for day or weeks at a time at any price.
Geo,
For sure...like I heard a rumor that Karney was negotiating with a large super market chain in the southwest to install ozone machines in their produce department...Maybe I will buy 5 million shares as I'm sure we could pump this dog to at least $.01 PPS...100 bagger dude..ROFL
ROFL...Yes rug burns galore.
PDSS should flatline in the coming days at $.0001 then in early AJn 2008 have another 1 for 1000 reverse split and start the fun all over again...ROFL
It does make for funny entertainment though doesn't it? I am convinced Karney must be paying someone to spam PDSS somewhere to get all these newbies excited ever so often
Congrats Vaga, looks like you were right about the "wild ride" compliments of "midas touch" Karney. Any other "hot" stocks to recommend...ROFLMCAO
No need to worry IF a reverse split never occurs I guess. Let's hope he is acting in good faith to the other shareholders of AAGH.