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Yeah I guess thats a roundabout way to look at it. Keep in mind that they are buying a company with 'patents pending'. Lets hope this is for real. Im into a couple of investments that had patents pending for 10 years, and when they finally got them the technology was so out of date it was useless.
And even more news today, athough Im having some trouble following how this purchase fits into their plans.
http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGe...
At least someone is listening to us:)
I have applied for a few of these with different companies. Have never received anything from anyone.
Been some action on this one lately. Are you still following/interested?
Must have been kerberos buy in today?
The contratcts with management could contain wording that gives them 1st right to the shares. It could be many scenarios. Unfortunatly we will never see the fine print.
You are correct. Not having interested parties was just speculation on my part, just an example of what was being discussed. I was not intending to state facts, just theories.
Rocky and Kevin, you both have some good points. Yes the type of share offering that Kevin suggest happens all the time. Its commonly called a private placement and usually comes at a discount to the current market price. Why didnt they do this? Well, as rocky suggests (I think) maybe they couldnt find an interested party at this stage of development. Kevin, you are also correct is questioning that management is getting shares at .43. Again, happens all the time. Its a perk of being management or an insider. The 2 year restriction is what helps us otherwise they would just flood the market and keep the profits. Just for the record it is quite common for consultants in startup companies to receive shares at zero cost. Yep absolutly free. But again, usually with a selling restriction.
Understood. Its just another piece to the puzzle.
Thanks rocky. It was a generalized question that was hard to phrase because I knew the answer would be more complex than just a straight number, but I felt it needed to be asked. Your answer was perfect and I understood everything you said. I still like to break things like this down into their most simplest form. Insider deals like this are almost always written to confuse the h@ll out of the common shreholder to the point that they cant figure out what management is making. The key point for me is the 2.32 number. Even though it is not exact and will be variable I can use that as guidance in making my investment decisions. It gives me a rough target of what management feels the company will at least be worth in the future. Insights into what mangement is thinking can be invaluable to the general investor even though it is not an exact science.
otterman
Does anyone have an idea as to what the preferred shares that the executive is buying are priced at today? I think we should be interested that he is willing to spend (up to) $1 mill of his own money on shares that he must hold for 2 years (until conversion). It would give us an indication on what he feels they will be worth 2 years from now.
Thanks
I know theyre good when they give them to me. Check out EPYH, recently announced 25% stock dividend. Yes there will be a RS forthcoming and there is a lot of work to do to make this one a success, but it looks promising. Note this is NOT a recommendation to buy in at the current price. A little high IMO right now (came up from .0045 lately), and lots of promises made with little concrete to show, yet. Maybe one to watch though.
As for PWTC, Im not surprised at the price swings as most traders are 'off' for the summer. It leads to some wild days. If you can buy at below .05 you should be able to sell for .06+, a 20% potential, and even if you want to hold I feel we'll see some firm prices over .10 this fall. JMO
LOL, yeah I gathered that:)
LOL, ye of little faith! I feel better already. Have a pretty good idea of where they should send those shares but then we'd just sell them to recoup our losses and that just wouldnt be right now would it:)
Sure hope that means the PR blitz is about to start, we could all use some price support about now. One question though, just how are they reducing debt when they have little to no income?
Ok help me out here. I was watching the tube last night (Calgary Alberta, just for the record), and a commercial came on selling 'Adrenaline Rush' brought to you by SoBe beverages! I was stunned. Am I missing something? Didnt RSHN have such a product? Did they sell it off or sign a marketing agreement with SoBe? Isnt using the name 'Rush' not a brand name copyright violation? Have I been living under a rock for the past year? :) Wuzzup?
I think that is for 2 reasons. Coca Cola is only buying shares fron 12 specific shareholders. Also the debentures they are buying are convertable into more BRVO shares at .36, thereby flooding the market and diluting the stock price. Great for Coca Cola, but useless for the other 99% of the shareholders.
JMO
Well, for a couple of examples, there was the Allimax Water. If you remember the PR's, first it was to be ready by end of March, and then in early March they cancelled it altogether. For something better in the end? We dont know yet.
They announce attendance at a trade show, and then tell us nothing of the result?
The western US distribution/bottling centre exists, then it doesnt, then it does.
And has anyone figured out the Meritage Wine connection clearly yet?
It just makes you look flakey when you do things this way, even if it is for the best interests, eventually? Investors want a company with at least a clear direction (even if theyre chasing a mirage, HA!), not one that jumps on and off the latest trends every 5 minutes and leaves your head spinning. They should have their plan mapped out before they start executing.
In other news, what's your take on the volume in the last 2 days? 150 mill is unusually high (and I still didnt get filled!). Buying or dumping?
Good analysis rush, you make some good points. Im not all that worried about the lax website, especially for a company that doesnt do direct sales via the web. I'm in IT and spend a lot of time on the web and there are a lot of really crappy sites out there even for companies whom you would think would know better. Our company's site sat at a hosting company for almost 10 years before we took control. Just my thoughts. It must be considered though when trying to figure RSHN out in the big picture. Ive heard many comment the same as you on Bob's 'changes of direction'. I hope he is doing whats best for all but of course we all all at his mercy if youre a shareholder. Numerous times I have changed my own outlook, and targets, on this stock only to do an about face again. Im in at a decent price (.002 cost) and Im still comfortable holding (even thinking about buying more, for a flip, at this price) at this point. I guess it all comes down to your investment style and tolerance and what youre in it for. Many posts I have seen on these boards often tell the true tale. Pink sheets are not real (traditional) companies/stocks, so dont expect them to act that way. 'Playing the pink sheet market is all about free shares' someone once said, flip and get your original investment out! I have to agree with that on the whole. My tantra is 100% risk = 100%(+) return OR 100% bust! Its a risk I am willing to take when playing these.
GLTY, hope we all make a bundle.
Had and order for 1/2 mill at .0006 and they dodged me all day!
What after only 10 years of BS and getting ripped off you are losing faith? (kerb will have fun with that quote)
PS I heard a rumour you spent some time in IHUB jail?
PS, looks like only 120,000 to buy up to $20. Wanna try to corner the MM's:)
Its a buying frenzy! Wonder whats up! LOL. I expect to see some wild swings from .04 to .08 +/- over the summer. Could be good buying/trading opportunities, if youre careful. Then we'll se about BJW's promises come fall. Sure is dead around here (all the boards I follow).
200,000 @ .0022. Looking for a penny or 2 shortly.
Mil, please clarify for me. Does Corr want us to take posetion in order to hinder the shorts? Ive never heard such a comment from a CEO before.
Tkx.
Just for the record Id call a -.02 (or 50% +/- drop) a big dip at this point. GL, hope you can get back in on this.
OT - hope youre wrong in comparing BLLD to PWTC:)
Just an observation of what the level II looked like at that particular moment. I watch for a pattern where no particular price level has more than 2 MM's lined up as a sign that any substancial buying should be able to break through those prices and move higher. Further up the line there were then 6 MM's lined up at .10, a wall. (eg: if there are 75000 shares available up to a price of .10, and someone puts a market order in for 100,000 then theoretically the buy should pick up all the shares right up to a price of .10). There is no particular rhyme or reason for this trend and as we all know: 1. Once buying starts the MM's will be quick to fill in the gaps and try to bring it under their control again. 2. Market orders rarely occur in this type of market frenzy. 3. Its only one point in time, as soon as you click the refresh button all the B&A's have changed. But it does happen and this is usually where you see stock prices move up very quickly, by catching the MM's off guard. They may then try to establish control again at the new high.
Just my observation, thats all. The market's always changing.
.01 eh? Hmm. It wouldnt surprise me to see it again but it looks like a long way off at the moment. It will be interesting to see what today's news does to the price. Will it level off and hold, or will the market see it as more opportunity to come? We still have the spinoff news to come also, which should stabilize the price at a certain level assumuming they do the traditional PR - 'shareholders of record on a certain date'. And the NASDAQ listing is the wildcard in all of this. How will they get to the minimum share price requirement? Net asset value support or reverse split?
Look for a big dip in price one day, that may be the indication of where you next buying opportunity is.
GL
Building a wall at .10. I wonder if they'll let it run that far today?
1 for 100 RS seems likely, but to post the share price up to .60 is still too small. If they want respect/listing on a better exchange they need to hit $1. Think they can do it after the RS?
Ask is 'Poised' for a run to .10 at this particular second in time. No takers on the buy side though.
'the poor get, well...' - thats why my a@@ hurts so much:)
I did like Nortel's take on their accounting problems. They apologise for the problems, vow that it will never happen again, but then go on to say that 'No board of directors could ever have prevented this from happening'. Nice cop out if I ever did hear one.
Stop it man, youre killin' me:):):). LOL Sorry about the coffee thing, I thought we were all beerheads here. Just assumed we were all drunk on something when we bought into this thing! Im sure you will find lots of coffee in hell but why assume youre going to the same place as LB? Oh no wait, thats the SPECIAL hell he's going to:)
I hope both Kerry's and Mr. oops trip were worth it in the end but a word of warning. Never underestimate a company's ability to put on a good dog and pony show.
Note I am not a basher, just seeing both sides and all possibilities. I am holding long and strong with 200,000 shares.
GLTA
Actually, its the 'precedent' that Im worried about. If this law does not have the teeth to clean up a case such as this, then what chance do the rest of the us have against the masses of con artists on OTC and Pink Sheets (yeah, I know, its not really directed at them anyway). At the least this ruling will set the precedents back another few years. Oh well.
'can anyone demonstrate a relationship between a stock price and the truth?'
'scuse me for a moment, its gonna take me about an hour to stop laughing. You are soooo right.
My worry about the summer months is that most investors take them off and interest in 'anything' drops like a rock. one the other hand, September brings in renewed interest and typically lots of new money. Hopefully BJW can take advantage of that.
PS, to hell with the coffee, have a beer!
If you want to see what a promo/timely news releases can do check out EPYH. Up 530% in a week. I'll take the gains any way they will come.
I dont believe we will see TVA until September now. Their efforts would probably be wasted trying to promote during the summer months. Hopefully MR Walter has all his ducks in a row by then.
OT: FYI for those of you who really thought it might help.
http://www.globeinvestor.com/servlet/ArticleNews/story/GAM/20050629/RSARBOX29
Patience my friend. Most trades on the downtick were small. MM's 'playing' with this one right now. Remember they can also execute a down trade at the close to make it look bad too.
The share buyback is what interests me right now. The stock price has gone up 345% (from .0045 to .02) since the news started. If you were the company, would you want to do a share buyback at this price? Im looking for even closer to .01 before I buy more. No panic on my part, this stock will provide many opportunities to make money in the near future, and in the long run, even better.
Seems like Mr. McNeely has been shirking his responsibilities? Will the madness ever end?
Thanks to you and catchet for looking into this.