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Yes you can blame the casino if they told you and advertised in PRs that your odds of winning are 100% if you play a certain number of hands or spin the slot machine 30 times and it doesn't happen. It's called false advertising and last I checked it's an illegal practice.
I hope you're right and other investors do see me for what I am and that I simply pulled up that info from Somatics System's own website in "Investor Relations" section and quoted the PRs directly...and I hope they do try to call up practitioners the way I did. It'll make them informed investors.
Good day to you.
Sirdeth - on the contrary, it does trade lower. We've seen evidence of that in the trades that show up as trading at 0. When people found out, it was trading below 0.0001
I understand your "different approach" ....but it doesn't work when the stock trades below 0.0001 and there's not enough volume to rid of your shares.
Ripping him apart allows other investors to be watchful and doesn't allow him to continue what he's been doing.
Pennypicker - you didn't find ANYTHING MISLEADING in the CCs or PRs???? Here, let me help you see what I'm seeing. Please see my post to you in post # 32524 located at
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38142520
It's now June and we still don't even have that DVD that were supposed to compliment the TV shows a few months ago
It doesn't help my situation. I've accepted the fact that I can't sell mine because this thing's selling for below 0.0001 now and my GTC order will time out in a few days.
I've accepted the loss...but I'm certainly not going to accept it and let Steve get away with it. If I'm going down because I was mislead, I'm definitely not going to let him get away with it. I know I'm just one person and can't make that much of a difference but if everyone lets it go and moves on..what Steve is doing will continue on forever without accountability for his actions. Others may also follow. I've wasted enough time in believing him...to waste a little more to teach him a lesson will at least give me the satisfaction of knowing that he got what he deserved.
Oh please...you can't possibly use that as an excuse to justify Steve's actions (or inactions should I say?). I promoted this stock and supported Steve for a good 2 yrs before I faced reality. I've been in this stock longer than most and as for my "little investment" I have more shares than what daily trading volumes are when this thing trades and people's ears perk up and eyes widen. It may not be much to you based on your financial situation but for me what I have is a significant amount and I have every right to speak about this company given the amount of time I've spent believing Steve and the amount I have invested.
If you don't blame him at all, that's your choice. I, on the other hand, hold him accountable because he's brought himself to this point through misleading PRs and false statements and setting false expectations during conference calls where people are bashing him left, right and center. And to top it off, rather than doing something about it, he dilutes further and doesn't provide answers. :) I've been watching this thing happen since the days of Major League Baseball hype. It's become somewhat expected now.
Thanks just trying to out-do Steve when it comes to being "unreal"
Penny!!! That would explain where that 10 million volume came from and the reason for the 5 billion increase in float. :)
She didn't happen to tell you how many people are coming next week for training and how many showed up to the June 13th workshop, did she? I wonder what they charge for these training sessions.
Google Finance is showing
Shares: -9,223,372.04T
http://www.google.com/finance?q=PINK:SMAS
anyone know what that means? Negative share count and is that T for Trillions? :S
Thank you.
Sure..you can ask him these...
1) There are 23 unique practitioners mentioned on your site right now. There were 23 last year. Does that mean there were no practitioners created in the last year or longer? If not, when can we expect to see the list updated with practitioner phone numbers?
2) On November 28, 2006, in an official PR (http://somatics.org/investors/news/stories/2006/11/28/SMAS_Targets_US_Military), it was mentioned that Somatics was targeting the US Military Market, what has been accomplished in the last almost 3 years and are we still at the "targeting" stage?
3) In the last conference call you mentioned that the Veterans treatment in February were clinical trials on a small scale and you were testing the market. Funny that you mentioned the same thing in a PR released over 2 years earlier on February 7, 2007 (http://somatics.org/investors/news/stories/2007/02/07/SMAS_Continues_Expand_To_Military_Through_VA). When were these trials done? 2007 or 2009?
4) As per PR on August 29, 2007, there were some financials released showing gross revenue increase of 255% year over year for Q1 of 2007. (See http://somatics.org/investors/news/stories/2007/08/29/SMAS_Releases_All_Financials)
Where can I find the report? As per PR, the reports were prepared for "easy transitioning to the auditing process". It's now almost 2 years later, where are these audits? Who conducted them?
5) On July 31, 2008, SMAS was near completion of it's application process to become the first Somatics Education school licensed by the National Certification Board for Therapeutic Massage & Bodywork (NCBTMB). There are now 7 institutions licensed that provide Somatics Education and SMAS isn't one of them. Why?
6) Why haven't we heard about any progress with leading points? DOD contractor registry expires on November 20th, what have you accomplished in the time and what do you plan on doing after it expires?
7) If you were nothing more than an investor, given the track record of this company through the information currently available to shareholders (as per my examples in the above questions), would you invest in a company like SMAS?
on the contrary , experienced investors here who have been here for many years know exactly what's going on. Investors who have tried to contact the military themselves to inquire about somatics know exactly what's going on. Investors who have tried to contact Steve and other practitioners unsuccessfully know exactly what is going on.
Going off your example of an old car...it's one thing when you're assuming that something may breakdown with the car, but it's another when you've invested so much money into it and it keeps needing more money to be spent on it with the promise that one day it will get you to San Francisco.
$2/share on Monday June 15...
in the year 2099...long after we're all dead.
Facts/Observations -
Somatics Systems Inc. (formerly Somatics Systems Institute) was formed in March 1993. In the past 16 years 4 months, it has only produced 23 practitioners mentioned on their site.
Steve Aronstein has a linked in profile located at http://www.linkedin.com/pub/steve-aronstein/0/a64/775 where he has over 110 connections of which he only has 1 person who actually recommended him.
Steve Aronstein has no degrees and was trained Novato Institute for Somatics Research & Training. Infact many of the books sold on the Somatics Systems website are available through this institution. There isn't anything on Somatic Systems website written by any of the practitioners that they have trained. So if I need to learn about Somatics, why would I go to Steve? Why not the place where Steve learned from? http://www.somaticsed.com
lol...registration with military was only for one year. It's about to come to an end and even sooner is the contract with Leading Points corp...and we've seen no evidence of any benefit with Leading Points. I think this whole military thing will go the way of Major League Baseball.
I'm still trying to find out what happened with NCBTMB. As per http://www.reuters.com/article/pressRelease/idUS179176+31-Jul-2008+MW20080731
this should be certified through NCBTMB..but it's not.
It's as close to news as it gets around here.
A lot of people realized that denial isn't just a river in Egypt.
NEWS!!!
Well..sort of news....
Somatic Exercise Workshop for
Athletes, Dancers & Runners
Part 2
June 13, 2009
Somatic Exercises For
Runners, Dancers and Athletes
Part 2
Saturday June 13, 12 - 2:30
It's not too late to sign up for this fantastic workshop!
Due to the success of the last Athlete workshop we had here at the Institute, we felt the need for another one! This is a perfect follow up to the last workshop in April. More sport specific exercises will be taught and Jon's entire 15 min warm up sequence will be the focus.
Didn't come last time? Don't worry! We will still be working with beginning Somatic exercises that do not need the foundation of the first workshop. Come stop in and learn how to improve your game, reduce injury and become more aware of your body.
Learn to free up your whole body for more efficient and graceful movement. Learn to find and use your body's natural shock absorbing systems in order to prevent knee, foot, hip, and back injury. Get a whole new way to approach warm-up and stretching that is safer and more effective than traditional stretching. Improve natural breathing and muscular coordination.
This class will also present a style of warm-up and cool-down that helps to prevent injury, calm the nerves, get the mind in the body, increase concentration, and improve your coordination, flexibility and functional strength.
Also, learn a simple 5-10 second exercise that will help you recover immediately from lapses in concentration and regain your focus!
Moving on is one thing..but I feel that what's been done here will be done again and again and not just by Steve but by others too. It's not so much my current loss I'm concerned about but the future loss if I let this go.
I'd like to do something that makes the CEOs to think 10 times over before making false statements for personal benefit and I want the SEC to have more stringent requirements for companies to be listed...and if need be, I'll make an example out of this. I'm not investing in some foreign company where there are no rules or regulations or no system that holds people accountable. This is an american company and it's board ought to be held accountable.
He said over 5 million..could be 50 or 60 million.
I can't blame you. Since the beginning of time, people have believed in miracles and some supernatural force.
People like Steve know this fact all too well.
Even if it did reach .50 cents...you also need someone to sell to. There are no buyers at this time, hence 0 volume.
Don't be surprised if in the near future the company declares bankruptcy and the CEO blames it on a group of individuals who were adamant about degrading the company.
for me it was the realization that the truth has been in front of my eyes all along and I failed to see it. It's on their own website.
Fixed number of practitioners last 2 yrs...only 23...if there are so many classes happening, why aren't new ones being produced? Why can't I contact these 23? I tried calling them. Are they all that busy? If so, why isn't SMAS making any money..why is dilution necessary?
They started targeting military in November 2006 (also on their website under PRs), after 2.5 years, they're still just trying to get their name out there in the military at this conference ???
Somatic Systems was to become the first Somatics education school to be licensed with the NCBTMB (National Certification Board for Theraputic Massage and Bodywork). There are 7 institutions listed on their website that provide Somatics related services in the US. Somatic Systems is NOT one of them!
What happened to Major League Baseball?
There's so much on their website and if you connect the dots, the picture is quite clear...this is a disaster. I don't know why people even try to come up with excuses as to why it's corporation status is revoked....it's stated quite clearly...they haven't paid...and that too after dumping 5 billion shares. Anyone who still thinks this is a gem is out to lunch. This stock is dead money.
Welcome to the dark side. Grab a drink and stand in line of the people that want to sell this. The lineup is long and there are very few buyers....so give it a year or so.
The only hope you have is that most people's GTC orders are timed and cancel every so often (90 days in most cases)...just pray that yours is still available when others orders cancel and a bid magically appears. If that happens, slap yourself a few times to ensure that you're awake and not dreaming. I sold mine just last week..and then I woke up.
I hope that by the next CC he has some real news and answers for us. I keep attending in hopes of getting great news..and there's nothing.
I'm getting tired of going to the dance and not getting laid.
Thanks for your efforts tradewisely. I just wish I had it in me to believe this. If I had a penny for everytime I heard "next 2-3 months" or "next quarter"...I would be filthy rich.
The one thing I'm glad to hear is the straight response "there is no buyout happening". Even though I'd like a buy out, atleast he's being honest about it without raising false hopes.
I think Joe is just frustrated that he keeps saying that Steve is a fraud and people keep trying to justify Steve's actions through their own assumptions (e.g. huge news, military contract, buy out , etc.) and what ends up happening is that Steve dilutes further and again people try to justify the actions. I can see why that'd be frustrating for any real investor.
I know it's an every day thing for Joe, but I for one don't mind. The way I see it, I'd rather hear about reality than people talking about having faith all the time. Really, if I can stand to hear what Steve has to say, I can certainly stand to hear Joe (who has no interest in my money unlike Steve).
I've spoken to a few people off the board now who believe that anyone promoting this stock is a paid pumper and their combined investment in this is enough to warrant legal action. I wouldn't be surprised if in the next few months, a group of investors arises and insists on holding Steve accountable for his promises. Frankly speaking, that's the only "big news" I can see coming up.
I'd go..but whenever I call, I leave a message and get no calls back. Then I try calling the practitioners listed on SMAS website and only get voicemails and leave a message with the one practitioner who actually has a secretary..and again no calls back. I'm not in the habit of showing up at someone's door when they're not expecting me.
Bricks and mortar and having people present don't define whether a company is a scam or not. The company's history along with whether they answer calls from potential customers does. You might argue that not receiving calls doesn't make the company a scam...but what it does suggest doesn't help our position as investors.
Actually I think Steve made reference to a potential merger in a conversation with 4He (see post # 31974).
I agree about roumors. The sad thing is, we've seen more of them by the CEO than any one person on this board. Regardless, what's wrong is wrong, no matter who is involved.
My thoughts exactly. It seems like the site was updated in 2008...which worries me at several levels.
I do recall in a conference call someone asked him about his education background as it pertained to somatics. His response was "I don't need any. I've learned everything from experience." I don't remember the exact phrases he used, but needless to say, the response came across as being unprofessional.
I think he should work on his professional image as well. I watch South Park, Family Guy and The Simpsons as well..but I'd never put that up on a website...and I'm far from being the CEO of any company..and as for his choice of words....well, now I know that he writes his own PRs.
Ofcourse....question is when?
The higher than normal volume was only for one day (as it has been).
I'm beginning to think that he may have done better in a Mac software business. It seems like the place where his heart is.
Does the military use macs? SoMactic Systems Inc? All jokes aside...it may be that he's developing that patient management software himself.
To learn more about the CEO...
check out his website
http://stevearonstein.com/about
Paid pumpers are back. :) Steve must be dumping...
I think I need a daily check of the float. You guys make it too easy. 1 penny? LMAO. Let's see 0.0001 first...and buyouts...who will buy this out and why?? Would YOU buy this company in it's entirety? :)
Information/news is being reused from 2007 for god's sakes...read the SMAS website's news section.
High volume has always been a sign of further dilution for this stock. I hope things are different this time around but based on the way things have been, I'd be surprised if it's anything else.
One day of higher than normal volume means nothing. If it's consistent for a couple of weeks then there may be something. 50 million shares traded = $5000. I think a few of people on here own more than that in this company. Give me a day with 200 million volume, then I might be a bit curious.
Just checked with Andrea at the TA, no change to the Share Structure since 4/21
This overnight hype and the volume makes me nervous....anyone check the numbers in the ihub box? Is our float the same?
There's nothing out there to suggest any sort of buy out. What are you people basing this speculation on?
I swear...if I could hook up everyone on here that claims to have some insider news to lie detectors, all the buzzing noise of all the machines together might just be louder than the buzzing noise coming from the one lie detector I'd have hooked up to Steve!
I didn't categorize you as a pumper, but simply refuted your argument about how we've all heard the bashers and we get it. As for spewing negative BS, I don't think many people on here do that....because BS refers to false statements. They're simply letting out their emotions based on what has actually happened with this stock and discussing their opinion based on what they've encountered n the past.
Additionally, I'm a firm believer in diversifying my portfolio and anyone that puts all or most of their eggs in to one basket is a fool by my books.
LOL...you're kidding me right? Buyout?? I don't understand the hype...any company that's going to buy will evaluate it's worth. Do you walk into a stationary store and buy a $500 pencil? If there is a company that's going to place a bid for SMAS, they'll obviously evlauate it's worth based on it's current assets, liabilities, revenues etc...which are traditionally part of the financials which we have yet to see. :)
Even if it was in an e-mail by Steve, do remember that he also told 4HE a week before the last conference call that big news was coming..and we heard nothing other than information on classes starting...and he's generally been communicating through various people on this board that there's big news coming for months now..and we've yet to see anything.
Gucci, yes we've all heard the bashing and get it..but we've all heard the pumping as well....facts from the past (both recent and long term) seem to point at the fact that bashers were correct. . Not too long ago, I was a big supporter of this as well. After every CC and PR, I was thinking..."come on Steve, prove the bashers wrong..just once!" Now I just feel stupid and mislead for the past 2 years. Unfortunately, I can't look at a donkey and call it a horse just because Steve says so.
prometheus_222, i don't have paid subscription anymore, but to answer your question, I don't know who these people are that bought the last 10 billion shares..and I agree, they bought them in a rush so I imagine they'd be looking for results just like we are instead of more promises.
There is nothing to be done to get SMAS back in order..the only thing I can imagine is if a few of the major shareholders got together and formed a new board of directors for the company and started steering the company themselves. Then again, they're investors, not necessarily Somatics entrepreneurs.
I'm as serious about this as Steve.