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From reading this, it sound's like its a done deal and I would not expect to see any correction from the SEC. We will have to hope for the best when we resume trading on the 15th. (Not looking good)
Some of you local guys keep an eye on the airport for Jim he made be dressed as Fingers! just kidding hopefully it works out for all of us.
Doesn't really matter what it says at this point..until it can trade again we won't know a value.
Good Luck..em
Have you heard of the words "Lie through your teeth" my wife not going to be happy either!LOL maybe COL later.
Agree, I'm hoping for the best also.em
Don't know but I felt my DD was great on this, now I maybe someone lollypop!
Guess we're all hanging on to the hope that we aren't a sucker.
Hotstock1, hope you're right..em
Like the old saying, There's one born every minute, just didn't think it would be me. If this is as it seems they have taken it to a new level. Hoping that they can show some proof, otherwise I just lost a lot of money!
Nothing, they sent me over to a recorded message from jim but it doesn't saying anything about the halt.
Just did some quick checking of trading halts from the SEC.
not looking good here, I'm getting sicker.
SWNM
FTRM
CESV
DIGG
none are trading. I will continue to look for one that is. I need hope here!
Brent, it is on the Sec.gov site
Well at this point were either f-cked or the SEC will confirm and we take off. Either way we can do nothing! and I for one will most likely be sick until they resolve this.
Feel the same way...hoping and praying here!
Maybe they will this week.
Are you kidding me.. How sweet is this!
Just added a little more...broke 1mil now yippie!
Soon we'll be the flavor of the month!
Tell them to show me one other Penny, that has ran a national TV ad, a full page ad in a magazine like NASCAR, put an order an additional 2 mill plus of new equipment in the last 2 months the un-audit financials for the year. Sure I want this to pay-off but I'm always looking for a reason to limit my risk, so far I can find any. To me looks like this one ready to come out of the gate!
Enjoyed the video update. Jim is showing extreme confidence.
Man I'm loving what I'm seeing...Holding strong here, this one's for really!
Well I was hoping for a run this week but it doesn't look like it will, it always feels better being green. I believe at this point I will just set it and forget it!...Long run this will paid big..IMO.
Added a little more at .019..em
Market doesn't always do what we want, when we want but it will correct itself...imo
I called the T/A at 801-485-7978 and was told the following:
I asked for an update to the share O/S? He told me that I needed to call the company because they where getting way to many calls. Then I asked him if there has been any changing in the share count and he told me there has not been any changes.
TTfWIW
Jim, does need to put this to rest.. if he does it will fly..IMO
Yes, listed on pinksheets.com
Analyzing a Balance Sheet - Part 31
Retained Earnings
When a company generates a profit, management has one of two choices: they can either pay it out to shareholders as a cash dividend, or retain the earnings and reinvest them in the business.
When the executives decide that earnings should be retained, they have to account for them on the balance sheet under Shareholder Equity. This allows investors to see how much money has been put into the business over the years. Once you learn to read the income statement, you can use the retained earnings figure to make a decision on how wisely management is deploying and investing the shareholder's money. If you notice a company is plowing all of its earnings back into itself and isn't experiencing exceptionally high growth, you can be sure that the stock holders would be better served if the board of directors declared a dividend.
Ultimately, the goal for any successful management is to create $1 in market value for every $1 of retained earnings.
Let's look at an example:
Microsoft has retained $18.9 billion in earning over the years. It has over 2.5 times that amount in stockholder equity ($47.29 billion), no debt, and earned over 12.57% on its equity last year. Obviously, the company is using the shareholder's money very effectively. With a market cap of $314 billion, the software giant has done an amazing job.
Lear Corporation is a company that creates automotive interiors and electrical components for everyone from General Motors to BWM. As of 2001, the company had retained over $1 billion in earnings and had a negative tangible asset value of $1.67 billion dollars! It had a return on equity of 2.16%, which is less than a passbook savings account. The company is astronomically priced at 79.01 times earnings and has a market cap of $2.67 billion. In other words: Shareholders have reinvested a billion dollars of their money back into the company and what have they gotten? They owe $1.67 billion.1 That is a bad investment.
The Lear example deserves a closer look. It is immediately apparent that shareholders would have been better off had the company paid out its earnings as dividends. Unfortunately, the economics of the company are so bad had the profits been paid out, the business probably would have gone bankrupt. The earnings are reinvested at a sub par rate of return. An investor would earn more on the earnings by putting them in a CD or Money Market fund then by reinvesting them into the business.
1You may be wondering how the company has a supposed book value of $23.77 per share, and yet the shareholders owe a billion and a half dollars. If you look at Lear's balance sheet, you will notice it shows shareholder equity of $1.6 billion and tangible assets of -1.665 billion. This doesn't look as horrible as it is until you discover $3.27 billion of the assets on the company's balance sheet consist of goodwill. The shareholders' equity is being inflated by the goodwill figure - without it, the shareholders are left owing money to the company's creditors
Divine, The Party just STARTING!..em
This is going to be a lot fun now! ... Good Luck all
I think we'll get there
Time to move on up!..em
.0165
Come on Green Today..make it to .017!
THanks...Still like to Store News.
Are we going to make it GREEN today?
Is it in Costco also?
Anyone else see the bloomberg ad? I'd like to know if they have any more info concerning timeframe, maybe it will be repeating tomorrow.