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You guys are getting like 100 grand to pump this one aren't you?
Sass listen man.. I think I speak for everyone when I say, just get the shit done. If you coming here is to fluff up the price please don't bother. GIve it to us as straight as you can. No one here likes the fact that your words seem empty half the time. I know that you know more than you are saying for obvious reasons. I have been an advocate for you about this for a while. Let's just cut the shit though and get this deal done, or let the people move on to something better.
You people need to understand something. No one here is your friend. They are all trying to make money just as you are. They can tell you anything they want to tell you, and just vanish. People saying they cut their losses? Why did they wait for Sass to post to tell us that? Maybe they gained confidence in his post and want to buy more lower. Drifters come and go in a stock. I am not going to lie to you, I have taken profits from this stock already, because it's easy to cover. When the stock hit 12 cent, I sold off a big position, and re-bought back down. That's how this happens. Don't put your trust in everything that everyone is saying.. Everyone here knows that your secrets are safe, and so your words aren't. Just do what you think is best, and let it ride.
We all know this stock has a ton of potential, but until they prove somethings that's all it really is. I would suggest that you guys remember that the posters on this board probably don't make up 1/3 of the investors in this stock. Some people don't waste their time here. For good reason I might add. The point is, your words affect only the people who read this forum. If you come in here and say that that you found a link that says, Sass is a scam.. NOT EVERY SLMU INVESTOR KNOWS THAT. 1/3 might even be high. Look do what's best for you and your family and don't trust anyone. Because we do all have our own personal agenda.
Seems pretty risky to me considering the downside is 100% but the upside is 300-500 % IMO. Short if you want, but don't choke yourself in one like this.
Sorry man.. I was just saying, there isn't a document, website, filing, blog or even a fortune cookie that hasn't been scrutinized to try to find info. No one is missing a SEC Doc.
We have people refreshing the OTC page, and you ask if anyone seen this document filed over a week ago? Anyway, it doesn't mean anything. He isn't attached to SLMU anymore and hasn't been for quite a while.
This is getting very frustrating, but try to keep your heads up. Normally I would be jumping all over these prices, but it goes to show you where our heads are.
Maybe this is Sass and Company dumping :)
WOw. The bottom is falling out.
PGIE going off again.
Exactly what I said. It's a paid pump. It should be on the cloud every day or they should get a refund.
PGIE in a north runner. It's also a hard fall. Happens about every 30 days. If it's on your watch list you will see the pattern. I have a few like that. I get in, get out and get on with my life. They run up, and they fall so I can cover and rebuy for the next run. I can give you quite a few spinners that I flip constantly like PGIE.
They teach you in business school to follow the money. So yeah, it is why we are here. However, fofu is fool's gold, and these newbs follow it, and while the shorts cover. I am just saying.. You make a lot of good picks, but some of the ones you feed are junk and the shorts get a lot of cover on a stock that's not volatile at all!
That's because all of those paid pumpers on the goodies board. It's horizontal stock.
PGIE Has been for 3 trading days, has ran from .006 - to as high as .028
That's part of pinkies man. If there was no drama they would be trading on the NYSE. It's part of this type of trading. I have been doing this for years, and the fact remains. You can go buy ford for 15 bucks a share, and in say 2 years from now you may have made 50-100 return on it in growth. These can triple in a day. That's the risk. By the way I do own Ford, and it's been a bumpy ride the last few months, but I expect greatness from them! :)
No that's not true, and the first part of it is getting the 10k done. If you see the 10k done, the merger is going to happen. That's the hurdle, the 8k will be simple once they close 2010. This process can be tough because they are logging for SLMU. Basically, they have to finish the 10k by the 15th COB. If they don't than we will see a form filed called the 12b-25 which is an extension. That could give them up to 15 more days. That has to be filed by the 15th as well. Eitherway, we should know something by Friday. They don't have a choice on this one, if they don't at least file the 12b-25 by then they can have the symbol revoked.
Well it might run up on the 13-15th until about noon, but if it's not done by then..... I agree need something to happen. I doubt that we will see the PPS increase much until then.
If he or anyone says no then they would have sold off already. We are all expecting it to be done. That's why we are still here. We need to see some explosive volume.
He said, that the merger was still on. That sounds pretty clear cut to me. Just relax until Friday and let's see if it's done.
They have until Friday but you know if it's not done by 4 on Thursday it's not going to be. IMO. I have been here through the first 2 misses, I won't be around for the third.
It really is. If they haven't filled by COB Thursday, I'm out. I refuse to get stuck in a global lock.
Strong gap too.
If he jerks us around a third time, this stock is going to plummet to nothing, because that means they could not get the deal done.
lol. k sorry you disagree but it's the facts. :)
Glad I picked up the 14s
Well some of that is true, but the fact is.. Without this merger it's a sub penny waiting to happen. How can you say a shell is worth anything especially half a million dollars. Who wants to buy into a dormant company. I think the merger will happen as well, but if it doesn't this stock isn't worth used toilet paper. Just being honest here, and if you are honest you will agree with that.
"Salamon Group Inc. (OTCBB:SLMU), today announced that the due diligence process has been completed and expects to advance to the closing phase of its reverse merger with Sunlogics Power Fund Inc. shortly.
It's easier to buy a shell than to open and IPO, assuming they don't have skeletons in the closet. What worries me is this has been in the "closing stages" for nearly 3 1/2 months. Since Jan, 21st.
He is the list of things that has to be done.
* Audited financial statement, conformed to US GAAP for the private merger partner. The audit statements of the private company have to be consolidated with the public company's financial statements.
* While not required for the 8-K, you should insist on a PCAOB registered form for the audit of the entities which are party to a reverse merger, since later Form 10-K and 10-Q filings will require it.
* Business plan of merger partner. Sufficient information to complete and file the required 8-K with the SEC.
* Management information, including completion of the "Officer and Director Questionnaire," for all Officers and Directors designated by the private company merger partner.
* Agreement on structure and terms of merger.
* Letter of intent with escrow payment made to public company or its principal shareholders. (This must happen for the public company to cease negotiations with other merger prospects.)
* Agreed merger fee in escrow with the securities attorney representing the merger partner.
* Consent from the majority, preferably 100%, of existing shareholders of the private company to merge or exchange their shares for shares of the public company.
* Agreement for the Officers and Directors of the public shell to be replaced with the Officers and directors designated by the private company merger partner.
* List of all shareholders in the private company that will make the share exchange.
* Number of shares to be outstanding “post merger”, and a complete breakdown of share ownership post merger. Note: It is often necessary for the public shell to do a reverse split and/or cancel shares owned by the affiliates of the public share prior to completing the merger.
* Agreement on state the company will be domiciled in post merger.
* Satisfaction of warranties and representations between public shell and merger partner.
* Designation of securities attorneys and SEC qualified auditors that will represent the private merger partner.
* Preparation of the share exchange agreement, stock purchase agreement, definitive merger agreement, and all other documents necessary to complete the merger.
* Final preparation of the 8K that is required to be filed with the SEC within 4 days of closing the merger. The 8-K must disclose the same type of information that it would be required to provide in registering a class of securities under the Securities Exchange Act of 1934.
The problem is, IF it fails.. this thing could get a global lock slapped on it. I have been through those things before and they SUCK. They can take forever it get it lifted, if they ever do, and by that time your money is diluted.
I called the SEC this morning to ask this what would happen if they don't file the 10k by April 15th, and she said they have 24 hours to file an extension or it could be locked by the sec. I don't know man, sounds like a big IF to me. Especially since they already missed two dates.
Yeah because you are in my account? I'm down a little bit, but I got heavy loads at .064 on 2/1/11
2/01/2011 SLMU BOUGHT 60000 SHARES OF SLMU AT $0.064 ($17.85) $0.00 ($3840.00) No
I actually agree with you for once. There is no way they sent a check. lol
When you say we are a couple of days away that should mean like 2-3 days. Not wait until the 15th to tell us another extension is needed. Sigh.
Yeah you are right, there is a ton of reward.. The thinking we are seeing is, why would this time be any different. If they misses the first two, and the second was supposed to be easy to make we thought.. I don't know man, I hope they get this done.
We all are. I think people are getting impatient.. The longer this goes on the lower the price will fall, and the next support level is .042
Seem like a big if because of the credibility problems, but I believe it will happen.. It needs to happen soon though, they are racing the clock.
I called the SEC and talked to them about the 10k. They said that if they don't finish the 10k by the 15th they could issue a global lock. They better get this done. I have been through a lock before and it sucks. You can't do crap with the shares. I wonder if that's why people are selling.
Well it's been a super long journey for me, and some of the others here. I haven't held a stock this long since Ford for 6 months last year. I really wish they could get this finished. I don't want to hear about the future of the company until the present is done. That's whats important right now.
It's a process man. I honestly believe that they will have this filed on Monday or Tuesday. If everything Sass said was true then they shouldn't have any reason not to. It sounds to me like everything was basically done
We are within days of filing the Form 10K which would then very quickly be followed by the filing of the final merger document (Super 8K). All documents are in order and payments have been made. As with any administration that inherits the “office”, you end up finding things which take longer than hoped. We honestly thought we’d be done by April 5th, and we won’t be far off
It's hard to pin a number on a stock with a 14.7 million float. It could double or triple in a few hours. I have seen floats bigger than this quad in a day. It's 100 % all about the 8k and what info it is compacted with. I personally think it's going to run, and they will release a few PRs identifying funding, assets and projects over a few days as the information becomes available to them. Also if they pay to have a stock promoter we may see it triple in day one, and then double the next day or two. There is a lot of variables, but I will tell you this.. This stock will bust through resistance of .28 in the first day imo.