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CORRECT > The balance of stronghold left on the books - not taken over by DLAV is "non materials amount" meaning very small...
The estimated remaining Stronghold Technologies assets available to
liquidate in order to offset liabilities segregated and owed by the subsidiary
entity and subject to the bankruptcy that are a part of the consolidated
financial statements do not represent a material amount.
i never used the word toxic, dump spiral? please do NOT put words in my mouth - back up that post or delete it, I simply cut n pasted from the 10Q filing.
correct - they need to keep SELLING the stock and then convert more - sell more - convert more - exactly how it works.
Current liabilities
Accounts payable $ 491,283
Interest payable, stockholders 1,793,871
Notes payable, stockholders, current portion 875,000
Callable secured convertible notes, current portion 4,014,481
Deferred revenue 10,006
Liquidated damages payable 3,211,306
Accrued expenses and other current liabilities 1,276,690
Total current liabilities 11,672,636
well well well another one bites the dust NYPD?.eom
Low.0042 The PR giveth and the Share Structure taketh away IMO
not sure who u r trying to sell? I simply posted about the embedded derivitives>? best of luck - IMO WEGI will be lucky to be in business summer 08 - going to need a TON of cash from someone.... IMO
On June 29, 2007, August 2, 2007, and September 5, 2007, the Company issued 258,336, 324,243 and 930,376 shares respectively, of its common stock to Laurus in connection with partial exercises of its initial option.
The diluted income per share for the three months ended September 30, 2006 excludes from the calculation 79,146,452 shares issuable upon the exercise of stock options and warrants and 27,662,506 shares issuable upon the conversion of convertible securities, respectively. These shares are excluded due to their anti-dilutive effect as a result of the Company’s net loss after adjusting for the embedded derivatives income effect during this period.
http://www.sec.gov/Archives/edgar/data/814915/000114420407068137/v097486_10q.htm
WEGI and LAURUS have done a bang up job of "hiding" dillution. If you are a CPA type and care to get some info on how these "embedded derivatives" work. You will further understand how WEGI share structure is smoke and mirrors IMO
Here is an easier way to see the monthly totals on RRC
Here is the link >
http://webapps.rrc.state.tx.us/PR/publicQueriesMenuSubmitAction.do
First set of dialog boxes > "Production by Lease"
Lease Type > Check the "Gas Wells" box
District > drop down box select "7C"
RRC Identifier >
For well 11 enter > 227730
For well 12 enter > 227727
Prod Month Range: ENTER DATES YOU WANT TO REVIEW
Hit the Lease Query button
You will then see the monthly GAS totals for the well you selected.
I need to find the "RRC Identifier" for the other FTXN wells - I wonder why they are NOT on the main production report as of yet. I heard it takes some time, but they are not showing any totals, Only wells 11 & 12 are reporting gas.
http://webapps.rrc.state.tx.us/PR/publicQueriesMenuSubmitAction.do
RRC PRODUCTION TOTALS 6 FULL MONTHS>
2007 > May, June, July, August, September, October
ADAMS "127" WELL 11
TOTAL FOR PERIOD = 31541 MCF
TOTAL DAYS IN PERIOD = 184
AVERAGE MCF PER DAY = 171.42 mcfpd
ADAMS "127" WELL 12
TOTAL FOR PERIOD = 28513 mcf
TOTAL DAYS IN PERIOD = 184
AVERAGE MCF PER DAY = 154.97 mcfpd
Here is the link and info if you care to review the reports yourself online >
Production by Filing Operator
Operator: 701606 (REMUDA OPERATING COMPANY)
District: 7C
Lease Type: Gas
http://webapps.rrc.state.tx.us/PR/publicQueriesMenuSubmitAction.do
OCT07 WELLS 11&12 VOLUME LESS THEN 160 mcf day
OCTOBER 2007 = 31 DAYS
ADAMS"127" WELL 12 = 4561 or 147.13 mcf per day
ADAMS"127" WELL 11 = 4948 or 159.62 mcf per day
I DO NOT SEE ANY OF THE OTHER FTXN WELLS LISTED>? I only see ADAMS "127" wells 11 & 12 > October 2007 Remuda operator # 701606 > Gas wells > district 7c
http://webapps.rrc.state.tx.us/PR/initializePublicQueriesMenuAction.do
I also noticed this month they have a "CO-MINGLE" PERMIT NO OF 5550 listed? Not sure what this means ? I thought I would mention it.........
I am going to update my spreadsheet and daily averages. Will post in next few days.
Looks like FTXN Wells ADAMS 127 WELLS 11 & 12 have problmes - MCF is DOWN....
or should I saw IMO the share structure AND the manipulation of the share structure is what is guiding this stock......
good luck to you, We have all been reading posts after post all week long with posters calling out "charts says this is bottom" this is it ,it crossed this spot or this has finally converged, this is it up from here, all week long the charts have been saying a turn around , yet down it goes , IMPO share structure is guiding the stock not the fundementals.....
damn few of us left lol.eom
I read email from the CEO posted here , he CLEARLY disclosed the authorized shares is 8 BILLION. AND it makes perfect sense - they have a few BILLION unregistered shares and they are trying to register them , that one piece of disclosure is another FACT some here are missing, NO WAY a company with 130 million O/S is going to have authorized 8 billions shares, NO WAY , unless of course they have a few BILLION unregistered , the buyers of these unregistered shares will NOT buy if the authorization for the shares is not in place, it all makes sense, I dont see what all the hub bub about the few BILLION unregistered shares is , maybe they can get 20 milion dollar loan and refinance them all and all of the massive payroll tax debts , etc...
Only down -(11%) for day with low of $.0041 > I guess you are right - the way DLAV has been down down and down some more this week being down only -(11%) for today is "VERY GOOD DAY FOR DLAV".....
I must agree...eom
That is a good point MercosurTrav > Most ALL companies from Pinks to NYSE will issue a PR along with the filing , outlining positives, disclosing anomolies, giving some guidance etc..... DLAV response "read the 10Q" is not cutting it , look at the blow up here when I posted simple black white text from the 10Q , clearly it needs some explaining, and for some reason they are not prepared to help answer and explain the points of confusion to sharholders....
OK? I was asked a question about my post - I answered? Not sure what you are asking or saying???
OK > OS has doubled since 4/2007 - 11/2007
May 11, 2007, = 50,567,393
August 1, 2007 = 70,748,106
November 1, 2007 = 100,415,389
Bobby > I posted my full disclosure here , the board mod deleted it 5x in a row , ask him.
LaoTsu > wax on wax off Daniel son..... eom
GAGI > BID 1.35 ASK 5.25 > 500X500.eom
You should always be concerned about dilution, as we have over 8 billion shares authorized.
From the filings Dillution of REGISTERED stock is approximately 5,000,000 shares per month. Source is Nov 2006 thru Nov 2007 10q/k SEC filings for DLAV ....
Only going off of the posts here on the board , Now if you want to know my background and why I am here talk to investor99 - HE deleted my post 5x last time outlining my intentions and why I ma here....
U BEEN HAD > LSGH: Sets 1-1000 Reverse Stk Split; Eff Dec 14
THURSDAY , DECEMBER 13, 2007 03:45 PM
According to the NASDAQ Dividend List, Lonestar Group Holdings Company (OTC: LSGH) has declared a 1-1000 reverse stock split. This reverse stock split will ONLY be available to shareholders of record as of December 14, 2007.
DECL-DATE X-DATE REC-DATE PAY-DATE
----------- ----------- ----------- -----------
12/13/2007 12/14/2007 N/A N/A
AMOUNT: 1-1000 reverse split
FREQUENCY: N/A
CHANGE: N/A
ADDITIONAL INFO: New name: Guardian Angel Group Inc New symbol: GAGI
Knobias may issue additional reminder alerts to track the important dates surrounding this corporate action.
http://cobrand.knobias.com/otcbb/Headline_Frame.htm?ticker=lsgh
Dillution of registered stock has been fairly Heavy over the last year
These totals are cut and pasted directly from the 10Q/K filings
November 15, 2006 = 39,731,393
April 13, 2007 = 47,751,393
May 11, 2007, = 50,567,393
August 1, 2007 = 70,748,106
November 1, 2007 = 100,415,389
O/S TODAY = ?
I read the TA is gagged from posts on the board.
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=dlav&filenum=&State=&SIC=&owner=include&action=getcompany
So current dillution rate in registered stock is approx. 15,000,000 shares per month. Gotcha.
130,000,000 registered O/S? Is that the concensus for the current registered O/S? Mid November it was 100mil - that is a Large percentage of ADDED dillution in the registered shares in a short period time, were do you get your totals?
EXCUSE ME! Please show me were I said this is what is without a doubt is happening with DLAV? IMPO it does and it CAN happen to MANY MANY different stocks > That is a FACT > Has it happened to DLAV? I do NOT know - but again it HAS and it DOES happen > It does happen in this exact scenario I laid out > Stock gets bought up to high levels , unregisterd holders short it BIG at top , no way the retail holders or the float can compete and or force sqeeze it was shorted with unregistered shares in the billions , and down the stock goes , the unregistered holder that shorted makes back 10x what they spent in the run up buying shares. That is the scenario that DOES happen and WILL happen again..... Again has it happended to DLAV>? I for sure 100% DO NOT KNOW > Can it happen does it happen with stocks having PIPE and unregistered shares - YOU BET IT DOES..... The #1 red flag is regSHO failed to deliver , if you short with unregistered shares they is NO shares in market to cover so of course it pops up on regSHO.....
Here is some further information on UNREGISTERED Stock trading. Some of the large brokerages are trying to setup a system to trade these shares. Presently it is done thru private trades and dealer to dealer trades. Mostly offshore > Again I am NOT making this stuff up...
Trading system is planned for unregistered shares
Elizabeth Hester Bloomberg News
Aug 16, 2007
Citigroup Inc. and three of the largest U.S. brokerage firms plan to create a trading system for unregistered securities, joining rivals including Goldman Sachs Group Inc., as more companies seek to avoid regulations by raising money privately.
Lehman Brothers Holdings Inc., Merrill Lynch & Co., Morgan Stanley and Citigroup expect to begin operating the Open Platform for Unregistered Securities or OPUS-5 in September, the companies said in a statement Wednesday. OPUS-5 will allow trades, track the number of shareholders and execute transfers in securities sold. The Bank of New York Mellon will administer the system.
"We're trying to create as much liquidity as we can for our issuers and our investors," John Chirico, co-head of U.S. equity capital markets at Citigroup, said in an interview Wednesday. "It's meant to be open and not an exclusive arrangement to keep other firms out."
Companies such as Oaktree Capital Management LLC and Apollo Management Group LLC, the private-equity firm run by Leon Black, are trying to avoid the delay and expense of financial reporting rules, including the 2002 Sarbanes-Oxley Act, by raising capital through the sale of unregistered securities to private investors. As demand for private placements expands, Goldman, FBR Capital Markets Corp., JPMorgan Chase & Co. and Bear Stearns & Cos. started markets to capture fees from trading the securities.
Securities offerings under the so-called 144A rule qualify as private placements when they're sold to no more than 499 institutional buyers, each with at least $100 million in discretionary assets.
So far this year, publicly traded U.S. companies have raised $45.2 billion from 144A sales, according to data compiled by Sagient Research Systems Inc. That compares with $48.6 billion for all of last year and a record $73.6 billion in 2003, Sagient data show. The San Diego-based company doesn't track sales by private companies.
Private placements exempt companies from U.S. Securities and Exchange Commission regulations such as the Sarbanes-Oxley Act that are designed to inform investors about company operations and protect them from fraudulent accounting. The placements are already common for sales of convertible and high- yield bonds.
OPUS-5 intends to list companies of varying size and across different industries, said Dan Simkowitz, head of equity products at Morgan Stanley. OPUS-5 is also in talks with other investment banks about joining its system, Chirico said.
Nasdaq Stock Market Inc., the second-largest U.S. equity exchange, will list more than 600 securities on its revamped Portal private-placement trading system, which began operations Wednesday. Nasdaq began Portal in 1990 and received SEC approval to operate the automated system on the Internet last month.
Archer Daniels Midland Co., Germany's Adidas and Australia's Telstra have raised money this year on the Portal system, according to Nasdaq. Portal disseminates quotes and real-time information on trades for thousands of securities, according to data on the exchange's Web site. The system doesn't match trades electronically, leaving brokerages to complete transactions.
The OPUS-5 system is designed to track shareholders and complete trades, which could complement a system like Portal, Simkowitz said.
Copyright C 2007 Deseret News Publishing Co.
Provided by ProQuest Information and Learning Company. All rights Reserved
This is what I was referring to > I am NOT saying this is what is happening with DLAV . But it is not something I "made up" > IMO This is the danger of unregistered shares. It CAN and DOES happen >
In December 2006, the SEC sued Gryphon Partners, a hedge fund, for insider trading and naked short-selling involving PIPEs in the unregistered stock of 35 companies. PIPEs are "private investments in public equities," used by companies to raise cash. The naked shorting took place in Canada, where it was legal at the time. Gryphon denied the charges. [19]
http://en.wikipedia.org/wiki/Naked_short_selling
PLEASE EXPLAIN > WHAT POST ARE YOU REFERRING TO ? .eom
LOOKS LIKE CLAUDE DID U SAME AS USEH/LSGH HOLDERS.eom
So u r saying DLAV is NOT filing reports? I thought the IBOX said fully reporting? Please explain?
OK - I will again answer this for you > I think it is pretty clear - not sure why you want to make such a huge issue of this >? 882,353,000 + 1,153,846,000 = 2,036,199,000 (2) BILLION = BILLIONS of "UNREGISTERED STOCK" Yes? Why ?
I do NOT understand why anyone is attacking me over this? It is in the filing for everyone to read. I suggest you ALL follow the link and read thru the 10Q - It has tons of other very interesting information we can all discusss. I would be happy to post some topics we can opine on. I need to go thru the last FEW Qs and some of the other filings and amendments. I see this is a very HOT topic for the board . just please no personal attacks ok?
OK AGAIN SINCE YOU HAVE DIRECTLY ASKED FOR PROOF > HERE IS THE PROOF YOU JUST ASKED FOR IN YOUR POST - AGAIN I ANSWER YOUR POST DIRECTLY - HERE IS THE INFORMATION YOU REQUESTED FOR PROOF ONCE AGAIN.
Commission file number: 333-54822
DealerAdvance, Inc.
(f/k/a Stronghold Technologies, Inc.)
16801 Addison Road, Suite 310, Addison, TX 75001
(Address of principal executive offices)
(214) 866-0606
FORM 10-QSB
for the quarterly period ended September 30, 2007
http://www.sec.gov/Archives/edgar/data/1133598/000114420407062754/v094299_10qsb.htm
REGISTERED SHARES
November 1, 2007, 100,415,389 shares
TABLE OF CONTENTS
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds Page 25
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
........and, therefore, the conversion price for the secured convertible notes was $.00017. Based on this conversion price, the Notes in the amount of $150,000 issued on September 21, 2007 were convertible into approximately 882,353,000 shares of our common stock.
.........and, therefore, the conversion price for the secured convertible notes was $.00013. Based on this conversion price, the Notes in the amount of $150,000 issued on October 11, 2007 were convertible into approximately 1,153,846,000 shares of our common stock.
U really do understand dont you? Yes the post you are referring to is strictly MY OPINION , and that ONE POST was clearly labeled as such , Please feel free to proceed down any path you please , just know , that IS MY PERSONAL OPINION and as such it was properly disclaimered.
Any post of that nature will ALWAYS be clearing disclaimered by me ,
HOWEVER > Posts regarding filings, 8k,10k,10q et al will always have the link and direct cut and paste from the filing. As you see those posts NEVER have IMO or are disclaimered for they come directly from the filings and there is NO need to disclaimer FACTS.
I do NOT understand why you cant understand the filings are factual?
Now you are getting close I99! Good for you. CORRECT > The shares are NOT registered > They are not part of the official "O/S" of "registered" shares > They are in possesion of the lender offshore , now when you see DLAV on regSHO , and you have unregistered shares in hedge fund offshore , you can bet your botom dollar why there is fail to cover, it is becuase they are shorting with unregistered shares , NOT the shares retail guys own and bought, of course they cant cover, they have BILLIONS of shares unregistered shorted vs small float of retail to cover, now see the game is simple math , run up the stock BIG , use $5mil cash to buy up the majority of float , run it up 1000% is the perfect storm to these guys, get flippers day traders buying noticing, then short it to all heck and back , they make $20million or MORE on way down , maybe never cover it, or do it over and over... if you can , most investors catch on and it doesnt work to many times in row, but u can make it go up down up down , the unregistered shares control the market. Now they CAN and WILL sell the unregistered shares to brokers and MMs with an opinion letter from an attorney later on if they must cover , they will lighten loss on broker and MM etc.. they need a few brokers and or MMs to play along if it is big enough deal, but look over last 45 days how many shares have traded here 800 million at what average of .01 this is max $8mil upfront "buy up"
ALL IN MY PERSONAL OPINION OF WATCHING OTCBB STOCKS AND UNREGISTERED SHARES. IMO
huh? When did I ever mention what the CEO makes? I think u r mistaken me for somone else - I never mentioned CEO salary in my posts? Why do you keep saying that ????
Please read the filing > Here are the FACTS > These are the only facts WE ALL know of? PR is forward looking , this board is opinions mostly , these filings are the only TRUE FACT we have on the DLAV ongoings operations > AGREE? Please provide link to what you have to show the "UNREGISTERED" shares were NOT sold when the 10Q clearly outlines them? Not sure how much more factual you can get then the 10g that is not even 30 days old?
http://www.sec.gov/Archives/edgar/data/1133598/000114420407062754/v094299_10qsb.htm
PAGE 25
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS