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Let me add one edit to that post...
It HASN'T dropped below $6.58 yet...I misread the october/sept part...but my question remains..will it be FREE shares or will they have to pay for them?
I am guessing free shares.
little disclosure: I am just doing research...please don't think I am bashing here...I do a lot of digging before i invest. you all know that..and one of my major hangups is tricky financing and accounting
FM
Quick Research on EURO by Matt-
I am not touching this stock until I understand their financing and how it is structured and where the heck Woodward is.. They have only done 1 deal with a public company ever, according to filings. That sends off alersts in my head. THen figure in they are offshore...Watch out.
From filing -
Sale of Common Stock -------------------- Pursuant to amended terms of an additional agreement with Woodward LLC, on March 2, 2000, the Company sold 1,200,000 shares of its common stock for net proceeds of approximately $6,000,000. The purchaser agreed to hold such shares for a minimum of six months. Additional shares of common stock may be issuable to the purchaser in the event that the average bid price of the common stock during the months of September of 2000 and October of 2000 are below $6.58.
Now, to me, that reads they will be compensated if the price drops below $6.58, which it has. But do they pay? Or is it free shares?
http://chart.yahoo.com/t?a=03&b=01&c=00&d=03&e=22&f=00&g=d&s=euro.ob&y=0&z=
But, Matt, they bought shares, they must beleive.. Yes, this is somewhat true. This could be setup to look good. I am not sure. What I wnat to know is, now that this credit line is out there, at WHAT PRICE are they valuing their shares...Since they are getting money on the $75 million credit line. Are they swapping out shares or are they swapping out cash later on? that is very important. THey could have bought the 1.3 million shares @ $500/share to look good, then be getting the credit line/equity financing shares @ .005/share...That is something we MUST figure out.
That's what I'm digging now. IF you know the answer, post to me..publicly. So we can discuss this.
Also, I found an accounting problem (I think) ... More on that later...
The price may have appeared in a PR, I haven't read all of them..only 2 of them I think..the fianncing ones, because those are MOST important in a development stage company.
FM
Chris,
I added your request to the To Do list
http://www.investorshub.com/beta/default.asp
What do you guys think of the kind of new message look with the post #'s etc and the condensed header. I don't know how it looks on other screens, but it often prevents me from having to do any scrolling at all down the page to read the message....Work for you all?
FM
**New Message Look**
If you have noticed, we have added:
In Reply To:
Post # of XX (which is inputable, meaning you can directly go to a message from there)
Condensed the Headers to make the message appear with little or no scrolling..thus quick and easy
On the Board List of Messages, we added Direct to Post #
Any thoughts on the condensed look and the message #'s? Makes it easier? Want something changed?
MB
FM
I just got asked this about Market Makers-
Question: Can Market Makers short OTCBB stock?
A: Yes, that's their job. IN order to keep an orderly and stable makret, they must SELL stock they don't own...When they get too far behind..and beging to look like they might lose on the deal..this is when they bring that baby back to earth..this is when people get ticked off.
Question: Can Americans short OTCBB?
A: Yes, if you have an offshore or Canadian acct.
Hope that helps.
FM
Bernard:
What do you mean "edit Alias anymore" ? YOu talking about in the Profile section? We made it where you can only change you Alias once. We don't need people changing alias all the time. Gotta make people accountable.
Or are you talking about you can't modify within digichat?
Let me know the specifics. Also, I'm going to make the thing open a seperate window to minimize and leave the Live! page avaialbe for clicking.
FM
When we get my "slicker than Teddy Bear Poop" spell-check system implemented, the preview will be up..along with a 20 minute window to edit the post after it gets posted....
You know I"m gonna do this thang right..Time time time is all I need
When I get out of school, hopefully stuff will flow mo' betta'
OTC Queen - I must warn you..Be careful with these guys...they are fromm up North and they can talk dirty really good I hear...
FM
To ALL:
I accidentally hit the wrong button. I didn't mean for that to be public...
I don't think EURO is a scam or any of this junk....I am just a little wary of the Woodward, LLC deal that is based out of the Caymans....
FM
Waxxy -
From a recent column by Chris Byron on xCelera.com
"Because Xcelera.com, Inc. is foreign domiciled in the Cayman Islands, it files skimpy financial statements with the SEC only once a year, in August. And this makes the company’s latest filings almost 18 months out of date and worthless for investors trying to determine such basic matters as how many Xcelera shares actually exist and how many are currently being traded in the public market.
Nor is it possible to tell from available documents exactly how much Xcelera.com actually paid for Mirror Image or how much of the company Xcelera.com owns"
That's my problem with Cayman deals...sure, better taxes, but a lot of slime goes on.
FM
I wish for........
A very powerful Research Engine that scours the net to find all info, compile it and make it make sense.
I would love the great people @ iHub if they could do this...
FM
ARET -
Great stock, TD.
I bought some a while back. I think you and I were in together on this one. Very nice play and interesting stuff going on....
Havne't followed in a while because of market conditions, but I am still up purty good on it!
FM
Maybe ole Fatty's Chart skills are working
LOL
$3.5 .. She's still a coming!!
*secret message to Rob said in whisper*-As soon as I start bragging it gets near my bottom, it always goes up...so let's brag some more...OK?
Yeee hawww
FM
I sent a PM to you.
FM
The password feature will be implemented and integrated into the database, thus, requiring you to have a iHub user name and password ;)
FM
P.S. You click the Live! button @ the top to get there..
I'll send the transcript to Waxman and you all can give him a holler if you need a copy.
FM
Powow on EURO in the iHub Chat Room Lounge for any interestd..time : 10:40 PM
FM
For future reference -
ANY of you that I talk on AOL with..NEVER send me AOL mail
I hate the service for email. I use my TalStar and InvestorsHub mail accounts along with the private messages...
If you email me at AOL, it could take years to reply LOL
If you forget my addy, just click on my name on iHub!!
FattSta
mattb@talstar.com or matt@investorshub.com
FM
Daniel,
I see you set up your board with no problems.
One suggestion I would make is adding http:// before any links. This makes them all clickable and will increase the traffic to your site and make it easier to research your company for potential investors.
Good Luck and I hope you enjoy the Hub.
Please be careful though on insights and info you give out, being that you are an Insider to the company. I have seen this become a problem to CEOs that see message boards get wild at times.
Good Luck!
FM
Here's the problem.
I have never seen a successful deal with an offshore line of credit. I'm sure there have been before, but haven't seen one in the range of 75$ millino to an OTC BB with a market cap of $170 million...
OH yea...ECNC's money guys were offshore too. And we see how that goes.
Just asking questions bubba. Where ist he PR that states where Woodward is located? I would like eto see it in a PR.
FM
Something to note as I start my DD:
http://www.ragingbull.com/mboard/boards.cgi?board=EURO&read=6774
FM
Isn't it currently the highest in something like 50 years?
I can't remember, but I heard something about that on the radio...
Inflation baby!!WAHOO
FM
Also, would like to welcome Hallsboy as the new Chairman of the Board of NTCS....
Congrats...
FM
This is very impressive:
http://www.netcurrents.com/report/sample.html
Very well laid out and I can see where that can really help a lot of companies improve business based on harsh critical review by the consumer.
I would like to work something out with NTCS to operate on our site when we get rolling...
FM
I'm sticking to my guns on the $ 3 1/2 !!
We'll see what happens though..
I suck at charting anyways LOL
FM
**New Feature for Private and Public Messages**
We need some feedback on the way Private Messages now work. We made a few changes that we think you will like.
When you reply to a PUBLIC post, it will now show which post you are replying to, under Posted By: and Date:
When you reply to a PUBLIC post via Private Message, the private message sent will include the post you are replying to. (No clicking!)
When you reply to a PRIVATE message, the original message (one you are replying to) will also be included.
This is to help make the discussion focused and also help us people that are forgetful, remember what we are talking about.
Thoughts? Suggestions?
FM
I personally like ETRADE and WebStreet.
Both of them are penny-trader friendly and have really really fast execution times.
I had a problem with WebStreet and lost several thousand dollards, but that isn't as bad as some of the horror stories I have heard...
So, I continue to use those instead of the traditional broker...
FM
OK, Brett.
That was a my question. You answered it well. Just basing it off the perception of other people thinking they will land big contracts. I can understand that. I was just looking at the recent numbers and noticed they were a little whacky and the shares are in excess for what they had accomplished. Maybe it's just a start up that's taken a long time. I can sympathize with that.
I will be a buyer around $3 level or when I feel a contract is in the imminent future.
FM
Chris,
How many shares have you picked up? You said it was going down bubba...and you bought! LOL
THe charts show it stabalizing in 3.50 range unless some volume comes in there, IMO.
You all know I am critical of OTC BB companies...I probably shouldn't say this, being the position I am, but what makes EURO worth 170 million$$$???
Just doing my DD...I can see the smile on Rob's face now.
FM
FM
Nice news Steve.
Money issue was good news, but I am particularly fond of this line -
``We have never been a dot com company per se but rather an entertainment content company innovating in direct over-the-Internet delivery of this content. This will become even more clear in coming weeks,''
**Note Msg Sig and In reply to is working for public stuff..not private..yet
FM
Bernard,
THe only problem with the embedded issue is screen size. We will have to determine later what is the avg screen size and set the appropriate measurements.
Right now, it serves its purpose, but I do like the embedded stuff better....
Chris,
Links now open a new window, per your request.
The old messages won't open new ones, but anything NEW posted in messages or iBoxes will now open a new window.
FM
I agree, Chris.
I sent it to Gman a few days ago and it's on his list.
FM
***Profile Bug***
There is a minor bug when you are clicking through the posts in somebody's profile.
When you click on a message that was a reply, it subtracts from your Inbox.
Emailed Gman.
Bug Noted.
FM
Bubba!
Read the first PLEASE READ page
You will see the messaging numbers and in reply to stuff is not etched out to my perfection. When it's near - perfect or perfect, Fatt Matt sytle, then it will show up as RESOLVED.
As far as Search..come on now, Jordan..you know that's the only way I would have it. I'm a DD/Research freak...search engines that are convienent and powerful are like blood to me.
Where's my steak? Heeee ya boy! Get me some BEEF!
FM
since no single stock market can isolate itself from this connected financial world.
This will be oh-so-true in the coming years. If anything, there won't be a chance for isolation and differences. I see the NYSE getting eliminated and obsolete.
Look at the differences in trading volume. THat should be some kind of "upper indicator" for ya
FM
Chris,
I tend to agree with you on the charting.
http://www.clearstation.com/cgi-bin/details?Event=peek&Symbol=euro
The Stochastics are nasty, but the MACD shows some promise.
If it stabalizes for about 3 days, I'll buy.
I still haven't really researched this sucker...I just played the charts on ECNC..researched later..Should have never researched LOL
FM
Brett,
Was EURO ever a true penny stock? LIke did it do a reverse-split or something?
I remember long ago something with a ticker either EURO orsomething similar that was penny penny like .001 or something.
Just curious, as I'll start my research late tommorow night and do a few searches on the company and see what the ole Fatt ENgines can dig.
FM