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What do you make of it?
Good or bad? What would your best guess be?
From Articles of Incorporation...
They are authorized for 750 Million shares of common stock and 50 Million shares of preferred stock (conversion rate is not set).
They should have noted preferred stock outstanding on Pinksheets - I would think. I am not sure why they did not, and I hope they have not put out all 50 Million shares.
ARTICLE II. CAPITAL STOCK
The corporation is authorized to issue the following classes of shares of capital stock:
Seven Hundred Fifty Million (750,000,000) shares of common stock with $.00001 value per
share and Fifty Million (50,000,000) shares of preferred stock with $.01 value per share. Each
holder of common stock shall be entitled to one vote for each share of common stock standing in
such holder’s name on the records of the corporation on each matter submitted to a vote of
stockholders, except as otherwise required by law or as otherwise determined for a particular
series of common stock by resolution of the Board of Directors of the corporation. The Board of
Directors of the corporation shall have the right to divide the common stock into series, establish
the number of shares for any such series, and determine the qualifications, limitations or
restrictions of rights thereto; in addition, the Board of Directors may designate, by resolution,
such voting rights on a series as it may deem appropriate.
The Board of Directors of the corporation is authorized, subject to limitations established
by law and the provisions of this Article II, to issue shares of preferred stock in one or more
series. The description of each series of preferred stock, including any preferences, conversion
and other rights, voting powers, restrictions, dividend entitlements, qualifications, and terms and
conditions of redemption, shall be as set forth in resolutions adopted by the Board of Directors.
Latest word on the street...
Definite news on Monday...
Annual shareholder meeting delayed for 2 reasons...
1) Many preferred stockholders in process of converting shares to common stock and want conversion to be finalized before annual meeting - so they may vote at annual meeting.
2) Major transaction will be voted on at annual meeting. Finalizing details.
This is all I have heard at this point. I have not heard a new date for the annual meeting.
Concerns:
1) MORE dilution of ownership with conversion of preferred stock to common stock. Does anyone know how many preferred shares there are? Also what their conversion rate is - 1 to 1, 2 to 1, or 10 to 1?
2) No idea what the transaction could be that would require a vote. Does anyone have any ideas?
Check out GWGD...
They jumped after announcing new management... this should happen to EQUR with the new Board of Directors...
Holding pattern here too...
Tomorrow we'll be green...
Back to $0.02 - it is sad that $0.02 is an uptick now.
Low volume... $450 total.
Nothing to worry about... when trades get into the thousands of dollars - then worry.
This is a penny stock with poor management - desperately in need of a new board. As long as this happens in July... the stock should rebound.
I've also heard rumors about a reverse stock split - would not be a bad idea at this point.
Buy at $0.025 and it will be green...
Do us all a favor and give us some green!
Stockholder meeting???
How much do you think it will happen? That is the problem with the share price. If they issue news saying 'here are board of director nominees' and affirm the meeting date, then it will rebound to around $0.05. The issue is that people do not believe much of what management says; for good reason too.
The new board is key...
Hopefully they will know how to run a public company. This company may not be that bad, but thier P/R can't get much worse - that we know.
One large block trade...
It was a one time trade at market / AON I think - 25,000 shares. Some went at $0.02 and the rest went at $0.015. A large market trade will impact this stock in a big way - either way. It was nice to see vultures come and eat up the low ask price though - did you get all 49,000 shares?
I emailed them again today...
but have no response yet. I told them that they best update shareholders soon before they all begin dumping shares. They are not acting in the best interest of shareholders at this point.
Getting a new board of directors is the best thing for this company; they cannot be any worse.
OUCH!!!! $0.015 today.
I'm still here...
Just waiting on something to talk about. The bid is up to $0.025 and the ask is up to $0.035 - so that is good. It seems we may have built a base around $0.03.
Do you think we'll see a bid of $0.03 with a price of $0.035 soon?
I contacted them this morning and obviously they are not releasing financials yet. They will release with the annual report, which will be sent out prior to the annual meeting (presumably a month early).
There was really nothing said. I think they have done everything they can and they are ready to give up and hand the reigns over to a new board of directors. I think they have some good things going; they are just capable of growing a business (at least from a stock point of view). Being a good businessman does not make you a good person to run a public company - this is their problem.
If we get lucky and get a good board of directors then things can really turn around. I am holding until after the annual meeting - if nothing good comes out of that then I agree with you. I have held on too long to not wait on the meeting.
Yeah, they are probably ramping up...
for the annual shareholder meeting. This will be what they announce; but I am glad to finally see one of their products.
www.espandgarfield.com
Check it out... looks like the new Garfield site. It is obviously still under construction, but at least it is something to look at.
Next week...
BETTER be news week! They better not let us down again...
I piece together the bits of information that I hear when I do get someone at EQUUS to speak to me (which is near to impossible). I am not 100% sure - but this is what it sounds like to me. They do speak cryptically of course - no inider information (which may or may not even pertain to a pink sheet company - nothing else seems to).
From what I gather, they feel that the Garfield business could be a big business. They want to get the most bang for their buck - they do not want to roll it out as another pink sheet company - they want it to be a NASDAQ company... once again, I am filling in the spaces between lines here.
I don't argue...
with the content of their PR - but how much does that really matter with EQUR? They rarely do what they say.
No spin-off of shares...
From what I understand, Equus owns 40% of the new company. They are going to keep it privately held (by EQUR and the ex-IBM employees) until it is large enough to go to NASDAQ. They will spin it off with shares at that point - with an IPO.
Why would you buy the stock directly from them? That makes no sense unless there is a big discount.
The shareholder meeting will take place. They have finally gone public with dates and definite action - they cannot back down now.
Been on vacation...
Ready for a run up through the annual meeting.
NEWS!! Annual meeting July 18th.
$0.04 / $0.05
What is happening?? Going up on small volume - looking good!!
$0.035 / $0.045
Looks like things are setting up for a run. Do not forget that today is the deadline for their annual report to be turned into the Colorad Secretary of State. This annual report should show restructuring of spinoff company - I would hope at least.
I would expect annual reports to be sent to shareholders within the next 2 weeks or so... what do you think? Does this make sense?
$0.04 - we are back again...
We have survived another drop down to $0.02; let's hope there is not another one. I wish I had picked up more shares than I did while it was down, but I got another hundred thousand or so. Let's hope we get back to $0.05 then settle down until news comes out.
Any ideas on who will be running for board of directors?
$0.03 / $0.04 - Could this be the start??
Don't forget that their annual report is due 04/30/2007. Hopefully we'll see something soon after.
Not me!!!!!
$0.03/$0.035 - let's close on an up-tick for once.
The quiet before the storm...
Their annual report is due to Nevada Secretary of State by next Monday, April 30. They should release news around then.
Now is the time for news!!!
This stock seems to have bottomed out and is starting to inch its way back up - now is the perfect time for a news release to build confidence back. It is starting to look bad that the last P/R expressed such urgency about a shareholder meeting then nothing for 3 weeks - questionable at best.
I think we are solid on the sale side now - noone appears to be dumping shares. The issue now is on the buy side - noone is stepping up to buy shares... the bid is staying at $0.025. It needs to step back up to $0.028 where it was yesterday for some time... let's get to $0.035 and see what happens.
Let's hope you're right...
Actually I have a good feeling also. This stock all of a sudden developed a baseline at $0.025 for no reason - after falling apart last week. I think something is up; I expect it to break through the $0.03 this week and never look back.
I predict news very soon!!! I'm waiting on the date of the annual shareholder meeting...
We need some NEWS!!!
It seems to have bottomed out - not for the bounce that we have seen many times back up to $0.05.
.025 / .030
Looking pretty good this morning; the bid jumped up for some reason. This is surprising - but a good surprise for once.
Back to normal again...
Someone either needed cash or wanted out of this stock yesterday; we are back to normal again with low volume. I expect it to trend back up to the $0.04 range again over the next week or so - assuming noone else sells a large block again.
Only good news from here!!!!
I agree...
Yesterday did not make me feel comfortable. Someone dumped alot of shares for some reason... I will get concerned if the dumping continues this morning.
I got a partial fill after hours at $0.02... my order is still there; we'll see what happens.
My order is still there...
Who knows if it will fill or not; not a good day though. Hopefully news will come out soon.
Still passing over my order...
This is strange.
OUCH - our bubble popped!