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Yeah, it's definitely slow but if you look at a slightly larger picture, all that S3 has done has happened in just over two years so it could be much worst. Right now everything seems stuck in the mud for us shareholders but I'm confident the business is not. I wish we had some info but I don't think anyone would be happy with a PR saying that they're working on some deals. We all want specifics and maybe that's what they are waiiting for. That just seems like the norm for most all of these penny stocks.
Am l missing something here when I wonder why anyone would think it standard for a company to list its OS when sending out proxies? Unless the proxy is to vote on share structure, no company lists its item to be voted upon followed by the number of shares outstanding. I've never received a proxy that stated share structure or anything else for that matter that wasn't related to the items the shareholders were voting on.
Sloth
Even funnier thing is one of us could have the same good fortune as Dodger minor leaguer Matt White.
http://abcnews.go.com/Sports/story?id=2916749&page=1
Anything can happen,
Sloth
You can vote 4 times!
But only your last vote is the one that is counted.
Sloth
This could all be my fault-
Every stock I seem to be in-the same thing happens. Great potential, great business, great industry but........the pps continually keeps going down. I think dilution is the the middle name of almost all the OTC/Pink sheet stocks. I guess to be good at investing in these companies (that have actual products and potential), you need tons of patience, to be able to average down, a readily available bottle of your favorite whiskey, a dog that doesn't mind getting kicked often and a box of tissue.
I don't know if I have the funds to keep averaging down on all these stocks because I've spent way too much on the whiskey, dog and tissue.
Good luck to all of us. May we be able to raise our whiskey high in celebration rather than defeat someday.
Sloth
Actually, the article is a mostly a criticism of Canadian businesses and their lack of due diligence going into China.
The article is a great reason why companies need Sino to enter the market. The Chinese market is complex and essential preparedness is needed. Sino gives foreign companies a vehicle to set up business in China and to follow political, societal and business practices. The cases cited in the article have happened everywhere in the world.
If you read the article, you see that China, like America or any other place, has crooks and if you don't make sure you're going into business with reputable people, you may just get screwed just like S3 did with Securesoft in 2003.
The articles main points are:
In the past three decades, China has undergone a dramatic transformation as its creaking Communist economy embraces capitalism. The Middle Kingdom, many agree, has made great strides to embrace Western-style accounting practices and bulk up its judicial system. With the country's accession to the World Trade Organization in 2001, and much of its business elite Western-educated, "it is possible to do good business and with high ethical standards," says Howard Balloch, Canada's former ambassador to China and president of Beijing-based investment boutique, the Balloch Group.
For most Canadians, however, their greatest sin is one of omission. The Chinese market is a jungle of conflicting regulations and nebulous political machinations, and for many a newcomer, much is lost in translation. Yet Canadian companies repeatedly fail to take the most elementary precautions or are so afraid of getting burned they miss out on huge opportunities. And it's not just the small companies -- some of Canada's largest firms are guilty of the same transgressions.
Doing business in China is a bit like the country's chaotic traffic; cars regularly ignore lights and lanes and heedlessly plow through throngs of pedestrians. Yet if you get run over, it's your fault because even if you think you have the right of way you would be stupid not to realize that a car can kill you. In the same way, many Canadian companies have only themselves to blame when they get mowed down because they blindly adhere to traffic signals that bare little resemblance to the reality on the ground. "The way Canadians, particularly, suspend good judgment when dealing with China is absolutely outstanding," says Balloch, the former ambassador. John Gruetzner, a Beijing-based Canadian consultant, agrees. "You can talk about Canadians being screwed in China, but you can also see Canadians screwing themselves for not understanding the market," he says.
I would definitely seek out a Sino-like company before entering China,
Sloth
Added 75k myself. I can't keep buying but I can't control myself. I need to save some money. I can't stop. HELP!
Sloth
I need this thing back at .10 to be happy. Lets get the hampsters running faster on the wheel.
Sloth
What a lack of character you exhibit. I'm sure you hear that from those around you all the time so I don't need to compliment you on it.
If I remember correctly, there's about 50-80 people in China working for them as per my conversation with Jim at the last meeting. You need a lot of feelers out there if you're going to find potential products and clients given the strickness of the Chinese market and the high standards for new clientele.
Holter, I don’t know what position you’re referring to. I would guess that you’re referring to being on the pinks and the R/S. Being on the pinks doesn’t bother me too much. They filed on time and I’m sure we will be back to normal soon. The R/S was very worrisome for me when they announced it but there hasn’t been the selling that I anticipated.
This doesn’t mean that people won’t sell but I’m surprised as of now. In fact, if the price can hold up, I think the RS will actually benefit the company and the shareholders. Most people will not invest in companies that have hundreds of millions of shares outstanding never mind billions. A few months from now, investors won’t be concerned about the previous RS. What they will like is that the OS is only 16M. This will indicate that the SP can explode with such a low OS.
Your money is still buying you the same value amount of stock now as it would before the RS. Of course, you won’t be able to buy millions but having to buy 10 million shares of a company is a deterrent to many people. A very low OS is very attractive to the majority of new investors but to get to a low OS by a RS is very unattractive to current shareholders. That’s a difficult position to solve by management. How do you do this and please everyone? You don’t unfortunately. I think if we can get the sp up near a quarter then that would definitely attract new investors because going to a dollar seems possible from there.
For the most part, S3's PRs have always been poor. They used to put out PRs frequently and everybody on these boards complained that they spent money on nothing. Today, it's much of the same. The correspondence between company and shareholders is lacking to say the least but that doesn't mean the company is lacking. I have accepted this for the time being. They definitely need to improve if they are going to add shareholder value since shareholders need to be kept informed otherwise it's off to the races with speculation and conspiracies as we have seen lately. Not to mention this is just good business.
I am still optimistic and will be very optimistic with an upturn is sp.
Luck is the residue of design,
Sloth
Everything S3 does is money spent up front. It takes 6-9 months to get reimbursed. Even the trip to China are part of the expenses that S3 gets reimbursed. Things take a long time in China but what can you do.
Sloth
Oilman, don't even listen to these posters. They're all claiming that they hold shares and are fed up. Yeah right. People that hold shares sell them, say a few parting words of dissappointment and move on from the board. We are all disappointed with some of recent decisions but S3 is still very strong in a strong market. I'm disappointed that they haven't closed any more RTOs through Redwood but I believe they have good people working on them and they will come. It wasn't long ago that Mr. Bickel got rid of Redwood's management and replaced them. Unfortunately, these RTOs go through many requirements to make it through the approval process. As time goes on, this process will become quicker and quicker to process as previous clients will be able to be used as reference. I am waiting patiently when the time comes when regular clients are being reversed into the American market. I would certainly like to hear more from management but what can they say if most things are a work in progress.
Sloth
There's really no good reason delivered for the RS. They mentioned that it may help attract investors but I don't see how it would without some kind of game plan. I mentioned to them at the annual shareholder meeting that having so many shares outstanding and authorized is very unattractive to new investors. The meeting was right after they authorized the 9B shares. I have not really heard anything really positive in regards to a RS except to uplist and to reduce the O/S which is more attractive to some new investors but there must be a strong plan behind the restructuring. Obviously, they didn't give any reason. They tried to give the PR a a positive light but obviously investors weren't buying it. The term reverse split sends people running immediately.
I believe the company is doing things to grow the company in many ways and many good things are to come for the company but this PR seemed like a last minute, poorly written attempt to alert shareholders that this restructuring is in their best interest without answering why. We are all here hoping the company does great but only if there is a benefit to the common shareholders.
I sent off a harsh email to Andrew but I don't correspond with him too often. I sat with him over an hour after the last meeting and he is an upfront guy so he should be getting back to some people here who have written him.
We wait to see the next move,
Sloth
Picked up some more today. I had a limit at .0002 for a couple of days and that wouldn't fill so I changed it to .0003 and low and behold it filled immediately.
Sloth
Here's some good info that I found on another board about Naked Shorting. I've read stuff on Naked Shorting but this gives a good indication of how it perpetuates. I sure do hope that we are not highly shorted because it's very detrimental to companies. These market makers can kill the shareprice over time. I first bought CYBL at .12 and thought that was cheap. Dilution has more or less walked us down to 2 cents but I hope the BOD is aware and watching the shareprice.
I bought more today to average down some because I think we can be huge in a couple years if not sooner. I really liked CYBL when I first invested in it because it had its OS very low which is rare in these penny stocks. Now, I'm getting a bit worried about the increase. I sure hope they can end this dilution soon.
Here' the naked shorting info:
[A]LONG TERM SURVIVORS
An important aspect of these naked short selling wars is the length of time that the victim company has been under attack. When these naked short selling “gurus that can smell a scam from 40 miles away” guess right and beat up a scam company, the company doesn’t have a chance because of the vicious nature of naked short selling. The lack of assets of the company will be exposed and announced from the mountaintops.
What are interesting are the battles that ensue when these “gurus” misdiagnose a “real” company with “real” assets as a scam. The naked short sellers will still be able to knock the market cap down by 99%, but often it becomes tough to “Kill” the company. Investors that know that the company has the goods can sit back and buy shares at a tiny fraction of book value and thereby average down their previous purchases. Since the size of the naked short position is of a cumulative nature, increasing with the age of the battle, a point is reached wherein the naked short sellers cannot afford to cover this massive naked short position without driving the share price to the moon. This is when the games get really dirty because hundreds of millions of dollars are now up for grabs, winner take all.
Step 3 involves a heretofore unmanipulated buy order being sent to a buying market maker from the trading desk of the firm receiving the buy order. There is an intrinsic reality in this relationship between the market maker and its client, the buying brokerage firm, that is critical to understand. The buying market makers need the order flow from the buying brokerage firms. It is their lifeblood. When presented with a buy order, the buying market maker often has to naked short sell into the order just to keep his client brokerage firm happy with his services. The buying brokerage firm wants rapid execution of the buy order in order to get their hands on the commission. Since the stock of these companies is usually very thinly traded, oftentimes there are no sellers around to satisfy the demand for shares. The market maker is expected by his client to “perform”, which means to continuously naked short sell into buy orders presented by that client. It is incredibly common for even the most ethical of market makers, due to this pressure to keep their clients happy, to run up immense naked short positions just in the course of their business. Their job is to provide liquidity to these illiquid markets. Where the crimes are often committed at this Step 3 level is in how the market maker handles this predicament he has gotten himself into. On the other hand, there are certain market makers that blindly naked short sell into each buy order on these trading venues that crosses their desk.
Market makers have literally dozens of ways to cause harm to these corporations that they “accidentally” ran up an immense naked short position against. These vary from continuing to naked short sell into every buy order that appears, effectively neutralizing these buy orders, to contacting naked short selling consortia to lend them a hand in killing the company. There is an endless list of market manipulative techniques to employ. These Step 3 manipulations are the single biggest component of the overall naked short selling campaigns. Market makers are incredibly powerful in these campaigns in that they are legally allowed to naked short sell “while acting in the capacity of a bona fide market maker”. Not only this but they don’t have to reveal the size of their naked short positions to anybody. The “Short Sale Rule”, Rule 10 (a)-1, does not apply to the OTCBB and Pink Sheets. Step 3 manipulations involving these buying market makers are collectively known as “The Wall”. Very few buy orders make it over this wall and find a “real” seller.
Slow and steady,
Sloth
RRM, is there anything being implemented into the OTC and Pinks that would eliminate this behavior of the MMs as DTL was referrring. I thought I read here or on one of these boards that they were going to regulate these smaller exchanges as they do the Nasdaq or Amex. I can't imagine why there isn't a much larger uproar in regards to this. It really is a huge impediment to capitalism. It pretty much undermines the whole idea of a free marketplace on which our American way is based. I know that may sound a little dramatic but I think it's understating it to be honest.
Sloth
DTL, loved that info. I have seen info videos of naked short selling and how it works and read some on it but that really explains it clearly to me. My concern after reading that is what happens if the MMs can't deliver the actual stock. I know they are supposed to cover those shares but if the dollar amount was so high that they couldn't, what would happen? They would be out of business obviously, but they don't seem to have a margin requirement like individual traders ensuring that the actual dollars are there to cover the stock.
It's almost like the scenario of the stock market crash in 1929 with the difference being instead of individuals having a margin call, it will be the MMs. I'm sure MMs have enormous amounts of money and this would be virtually impossible but if they overextended themselves in multitudes of stocks, could it bankrupt them, leaving non-existent shares never to be covered?
Sloth
You poor guy. I'm not attacking you, I'm attacking the same song and dance scenario about Javelin and how S3 should have rasied capital out of thin air. I'm sorry that I don't let you insinuate and bring some conspiracy theories here. If you don't like the companies that are involved in Javelin then don't invest in them. It's that simple.
S3 needed financing to grow business. Of course, nobody wants their shares diluted but these companies have to do it in most instances. Their deal with La Jolla served the purpose that it was meant to serve and that's that. That's the nature of penny/subpenny stocks. They are not able to raise capital easily. Until S3 grows their business to very respectable levels, the shareprice will struggle. The whole Javelin conspiracy bashing has been around since I started investing with S3.
You really don't need to save anyone here. If I may make a suggestion. Volunteer at a shelter, a big brother/big sister organization or a retirement home. Your time and concern there would be invaluable and would make a huge difference. People speculating on stock's such as S3 is not worth the concern and won't be welcomed as it would be with the above suggestions.
Sloth
Boy you people are really reaching for conspiracies with Javelin. I have been there, have met with them and spoke in depth with them. There's nothing evil going on there. There's only evil in your heads and your imagination. They are a very smart, well organized group.
You guys are like young Oliver Stones in training.
Good Luck,
Sloth
Well put. People don't spend so much energy without some sort of benefit. These boards are infested with those who own no stock yet post 10 times as much as those who do. These groups of bashing posters seem to be well orchestrated in their goal to insunuate, speculate and misinform any person who comes here to gain some actual information about the company. There's absolutely no way a new person wishing to gain some knowledge could navigate to this site and have a clue as to the reality of the situation.
It' too bad that these boards can't be cleaned up but I guess that's why many people have gone to private boards such as Yahoo and such.
Sloth
They could partner with anyone they wish. This is one of the great beauties of this. This is something that when proven effective to others will be in high demand. The applications of lighting are huge. If Cyberlux can make itself the industry standout or one of the standouts, they could receive a large portion or those huge revenues from lighting.
I don't believe they will be bought out either. There's too much room for growth in the industry. There is no fair price to put on this potential. Why would we be bought out when we can instead partner with larger, wealthier companies and reap the rewards over many years.
Sloth
Here's a working link to Analyze's DD. The link was missing the "g" in lighting.
http://tinyurl.com/37j3zu
I'm surprised that Military & Aerospace doesn't speculate more on military applications of the two patents. It would be nice for these publications to do interviews with Cyberlux in the future. It's still great to see the exposure. If cyberlux can create and market these potential products, I don't see why they're not trading in the dollars in the future.
Sloth
Dr. Steven DenBaars, Professor of Materials and Co-Director of the Solid-State Lighting Center at the University of California-Santa Barbara
http://www.ssldc.ucsb.edu/executive_committee.php
A little Observation:
I was thinking about how these stock message boards are just a pile of dung most of the time with all the bashers and/or people who are here just to disrupt the board. Hell, these Rhodes scholars outnumber the people who are interested in discussing the stock.
For a person to bash a stock in which they have no interest is like a grown man who goes to a Little League game and rags on the teams’ managers, the game’s umpires and the way the children play the game. The parents of the players who came there to enjoy their children play and discuss the game’s events with the other parents have to endure some idiot screaming and yelling at everything going on including chiming in on the parents’ discussions with absurd and insulting comments. The parents are literally trapped to endure the stupidity or say something to the jackass. They finally ask the jackass, which one is your kid anyway? The guy replies, “oh, I don’t have any kids”.
Happy Holidays to those that have purpose,
Sloth
I too opened an ETrade account just for PLNI. Friggin Ameritrade sucks sometimes.
Happy Holidays All,
Sloth
I'm a bit behind the news but I just read about Abaxis. This is really exciting to me because it's one of the things that Jim discussed at the shareholder meeting. At that time he was very excited about the possibility of marketing that product.
For those who have ever went to get a blood work up, you know how long it takes to get the results. They have to draw your blood and then send it off to some lab to get it analized. This takes at least a week and you could be dead if there was anything in that analysis that needed immediate attention.
The abaxis system allows the doctor to take the blood and analyze it in about 10 minutes. This will be a great advancement for medicine.
I would hope that S3 could work a deal to help them promote the system even outside China. This unit would greatly improve things at my personal primary physician and I'm sure others would agree.
I really like the way things are progressing. We seem to be making consistent strides to being a very strong company.
Here's a link to the unit:
http://www.abaxis.com/medical/piccolo.html
I just checked the link after I posted it to see if it worked and I saw on the right hand side of the Abaxis web site "the Piccolo in the military". Can you imagine marketing it to the huge Chinese military. Oh boy!
Happy Holidays all,
Sloth
Although I don't post here often, I would like to thank the dedicated longs who keep everyone updated here. I read this board pretty much every night and many of you post very interesting, insightful thoughts and ideas. I have recently added to my position hoping for a very eventful 2007.
If we can grab more government contracts, that would really propell the shareprice since that would increase revenues and increase the visibility to new investors. Contracts would also prove to be helpful in achieving future instituional investment for the fact that if government is utilizing the company's products, there will be be enduring growth and stability making it a secure investment capable of considerable year over year returns.
Happy Holidays everyone.
Sloth
Stockguru, a suggestion:
Could you in the future please post things worth reading in lower caps. It's much easier to read if it's formatted regularly. I know you're excited as I am but it's hard to read all those caps and the stuff you posted is worth reading in entirety.
Thanks,
Sloth
Stockguru, don't let the bastages get you down. The bashers will tell you that you didn't just type your last post. They bash anything. Thanks for confirming and keep us updated as to how the product evolves there. I wish they had it out in SoCal.
Sloth
Well, of course I have faith in S3. It would be incredibly stupid to invest my hard earned money into a company that I thought was rubbish. There are many others here that are closer to the company than I am. I have only gone to the shareholders meetings in order to report the story back to other longs. If S3 was a Florida company, I would wish a fellow investor would travel to the shareholder meeting and report back to me what happened there. I also took questions from all these boards to present to S3 management.
Jim was very honest. The company was shiat back in early 2005. If you look at the performance of the business, it is progressing very well. It’s making incremental growth to become a very successful company.
You are doing yourself a disservice to think that S3 is a well established company that should be trading higher and management is to blame for it. This is focusing on one aspect of the big picture: share price. I’m looking at how the business is progressing and hoping that someday the share price will reflect that progress. Sure management has flaws but who doesn’t. I like people who realize mistakes and make corrections to that mistake to better the future. Mr. Bickel’s change of Redwood management is an example of that. Getting listed on the pinks is another mistake that they are fixing. Not to get political, but my biggest problem with George Bush and our administration is that they don’t recognize their mistakes, adjust the plan and continue to evaluate and re-evaluate the situation in order to make additional adjustments. To stay the course with anything when you’re wrong is bad policy.
If you’re not ready for some disappointment in your investment, don’t invest in the OTC or Pinks. These stocks are meandering along trying to establish their companies. They are going to make numerous mistakes along the way. Fixing the mistakes is what will allow some to make it. Very few hold much promise.
S3 is a fully reporting company, has two subsidiaries in the fastest growing market in the world, one reverse take-over in which they own stock, good management in China and in the U.S. (debatable I’m sure with some) and now a good management company for all their business. This is why I like S3. This is why S3 has promise. I will be here as long as they are continuing to grow their business even if the share price remains the same because I know that if they take care of their business, that the share price will reflect that success at some point.
I feel for you and think you need to invest in a more established company. Don’t get me wrong and think I’m telling you where to invest but wouldn’t you feel more at ease investing in a Nasdaq company or a company that is not pioneering their way to be successful which is pretty much every company on the OTC or Pinks? I think you can make good money on these exchanges but you have to be very patient (I’m talking years here). Much of my enjoyment is watching companies grow up and discussing it on these message boards. S3 has done lots of growing up lately. It’s unfortunate that people bash these stocks relentlessly because they all have faults like people. People get paid to bash these stocks and that’s why they’re here. Don’t let anyone influence your opinion too much and the best of luck on finding your way through the rough roads of investing.
Best regards,
Sloth
Got the rest of my order filled today @ .04. I have bought more recently with all the new developments and am very excited about the outlook. Would have waited to buy on a dip but figured I needed to get it now and not play guessing games. This company has a decent low number of shares outstanding, good product and good management. We wait for some marketing of both product and company to get really going.
Sloth
I just started looking at MCF and they are far beyond just an MM.
Some points from MCF’s services:
MCF provides investment research, capital markets services, corporate and venture services, investment banking, asset management and wealth management.
Thinking that MCF is just going to be our MM is only a small piece of the puzzle. They will most likely be handling all the Redwood clients entering the U.S. markets and then acting in many other facets including investment banking, marketing and management. This will be huge as long as we can get Redwood pumping in some clients. I don’t think they would be hiring MCF unless Redwood was doing what they are supposed to be doing.
Sounds like real nice fit between Redwood and MCF.
Charlie Wu is the new director of Redwood and Jim said that he was real sharp along with the others directors and officers. Jim was real disappointed in the prior management of Redwood which is why there was so few successful RTOs from them. I liked the fact that Jim realized Redwood was weak and made the change.
We have not seen any performance from Charlie and company but we will see. It has now been a few months since he has taken over and maybe he has done some good work that needs the substantial services that WCF can provide in the U.S. These RTOs need continual consulting and management after they are reversed into the U.S. markets. This will be a strong marketing tool for Redwood if clients know that their company will be in good hands once they enter the American market. It will give them good reason to pick Redwood over their competitors.
S3 is building itself to be much bigger. Yes, we are small now but the puzzle pieces slowly continue to be placed. If anyone thinks that the Bickels are sitting on their hands, they are crazy. You don’t buy a bigger warehouse without product to fill it and you don’t hire WCF without companies to use the services.
Baby steps have been taken over the last year and many are frustrated but someday we will hopefully be hitting our stride that moves us along at an acceptable pace.
Any pace is good for a sloth,
Sloth
Put in two buy orders today at same limit price: One through Ameritrade and one through E-Trade. My Ameritrade filled and my E-trade only filled 10% of it. I even put in the E-Trade order first. It was when the volume was around 400K so there was plenty of time for E-Trade to fill my remaining order. My E-Trade account is new. Does anyone know if E-Trade usually unable to fill orders?
Thanks,
Sloth
It's also my opinion that Santa's completely rebuilt everything on the North Pole using PLNI products to eliminate any further rusting and corrosion. His Sleigh is now plasic making it 75% lighter which will reduce his delivery time by half.
After speaking with Santa recently, it's my opinion that he will be expanding business in the following years and using PLNI's products exclusively.
Sloth
LOL!!
From reading some of these posts, I get the feeling that some people think that S3 controls the shareprice. This is a long term stock that will take even more time to develop. Business is picking up well but the shareprice isn't. S3 management can only control the business side, the market controls the other. If you can't wait, then leave. Did people think they were investing in a Nasdaq company and were duped?
People shouldn't be pissed at S3 for the pps not moving up, they should be pissed everyone in not buying more. We posters on these boards play little role in the price movement anyway. There's only about 20 people that post regularly and the rest are new aliases from old posters who get tossed.
I sold my shares of Sirius a year ago and haven't posted there since. I can't imagine going to that board to bash it and insult the other investors. For what? Anyone with any brain function knows why people continually post negatively about these stocks.
A little history about stock board bashers:
In the mid 80's when Ronald Reagan became President, he cut funding to mental health programs, leaving most or the mentally impaired to fend for themselves on the street. Many remained on the streets or have died. Others found refuge in companies that only require you to be able to type and use fractional intellect. These businesses are now the proud employers of these saved souls who now bash stocks all over the internet.
Sloth
I guess this board has become rat infested like RB now. Time to fumigate!
Holter, you're right. I meant reverse stock split. My financial terms are a bit rusty. All that I've ever read about reverse stock splits is that they are not good for a stock. The number of shares decreases and the price increases. Like you said, the price usually comes back down near the previous price only the shareholders have a fraction of their previous share amounts. But in the case of uplisting to another exchange, I think it would be positive. FSIN is hopefully going to be uplisted as that was S3's intentions previously and will be with future RTOs. That is one big reason S3 wants to hold onto a lot of the shares they receive when doing these RTOs. In time, these companies that they bring to the U.S. will be companies on major exchanges and they will hold a large chunk of shares in them. Of course, not all will be hugely successful but with their gold shandard criteria in picking the companies and with competent people doing the DD, the likelihood is much higher that many will be.
I watched a program about the California 49r's. The Gold rush guys, not the football team. The people that made their land claims early and speculated that there would be riches, found huge riches. Those that came later were very disappointed. That is the way I feel about S3. We are the early ones claiming the land in hopes that we'll find gold. Others will follow if there's gold found but at what cost?
Great show about those hard working people looking for riches. People from all over the world coming to California trying to make it rich. Kind of similar to what we have here except we're not busting our backs to get it and we don't have to travel except to a computer.
A lot different I guess.
Sloth
To my understanding, the BOD, the auditors and the legal counsel must be voted on at each annual shareholders meeting even if nothing has changed.
Mr. Bickel is well aware that shareholders were not happy about the AS going to 10 billion and the use of La jolla again. I spent at least 40 minutes at the meeting driving that point home to them.
I would really like to see them reduce the OS in the next year to give the pps the ability to really climb. I have no reservations about how well the business is doing and will do but we are all here to make money so reducing the OS would be huge to the shareholders. Obviously, this will never happen in the near future but hopefully we shareholders can at least get management thinking along those lines and plant that idea for the future. I will be bringing up that point at every meeting that I am able to attend with them.
It would be very nice if S3 was uplisted while at the same time reducing the number of shares. Of course, that would probably entail a forward stock split but it would be worth it to get to a more reliable and visible exchange where institutional investors may become involved. That's when things would get really interesting.
Sloth