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It is not what he has done to this country. It is what he has done for this country. Your group of complainers always try to find cute ways to twist and distort simple statements. One of my favorites is what you all did for Newt Gringrich's Contract With America. You changed it to be Contract For America.
SharonB
The problem is spending, not revenue.eom
PegnVA: I don't believe anyone on the right side of an issue would bother or even attempt to open up a long discussion with you. It is like flogging a dead horse.
Lets just agree to disagree and get on with more important things.
SharonB
PegnVA: You really are a piece of work. Enron was a fraud and people went to jail for their illegal activities. There are still lawsuits to help some employees to recover some of their losses from other companies that were involved. How does that compare to legal activities conducted by hedge funds and broker dealers who fed a very speculative environment that should have been slowed down by raising margin requirements and other activities, all legal. That could have calmed the environment and expanded the length of the bull market. Instead they did nothing and precipitated a recession.
Next: You state.. For this admin to wage a war against a 3rd world country that did NOTHING to us and AT THE SAME TIME cut taxes is the height of irresponsibility...but apparently you don't see it that way and as we continue to borrow from China to pay for The Decider's war, you want those tax cuts made permanent. Not even Warren Buffet agrees with that "logic", and he's a guy who knows a thing or two about making/keeping money.
You seem to have selectively forgotten there were numerous UN sanctions called for against Iraq and cutting taxes raises revenue. Remember the WMD that posed dangers for our allies in the region. That would be one reason why so many favored President Bush’s decision to effect a regime change in Iraq. The UN wasn’t effective and still is relatively ineffectual in this regard. Look at Darfur for an example. Then there is the side issue of the atrocities committed against the Shite community, the Kurdish community, and the minority communities. There was even a fraud when food for oil charity was diverted into wealth for the leader, his cronies and family.
It is the responsibility of a President to make decisions and many times they are not popular. A good leader makes unpopular decisions because that leader believes the results will leave a better world for its citizens. A free and democratic country that respects the rights of its minorities in the center of the Middle East will be looked at by history as one of those types of decisions.
Warren Buffet is not the only source for money management and his goals and decisions are based on his personal circumstances. All presidents have economic advisors who are well schooled and provide advice based on their similar political thinking. This is one of the liberal/conservative ideological differences that cause great angst. My personal regret about President Bush was his lack of visible restraint in governmental spending. I am certain many bills were discussed prior to being submitted so a veto would not be necessary.
The Current Congress with its goals, which seem to me, is based on revenge against President Bush and not for the good of the United States of America in its totality.
It seems time to kick out all the career politicians and start all over. The gerrymandering has made that impossible so it will be up to a new leader to step forward and unite the country and bring back the center and middle class of our country. I would dearly love to see it come from an independent party where the center leaning members of both parties could unite.
Borrow from China? They are illegally causing great harm to the free world by not letting its money float with the other world monetary systems. We are no longer creditor nation and are a debtor nation and have been for the past 30 years. I would like to see this reversed and that can only happen when we correct our tax system and make it more of an incentive to save rather than spend. Companies shouldn't be rewarded with tax breaks for moving off shore.
This discussion could go on a long time and nothing will or can be resolved.
With that, good bye.
SharonB
RE: Your statement. When you look back, wouldn't you agree Clinton's two terms in office, years of fiscal responsibility, were far more "conservative" than the fake conservative we have in the oval office today...of course, to answer that you will have to set aside (R) and (D) labels first. Can you do that?
Absolutely NOT. No R/D arguments, just facts. Clinton let UBL escape when he had information he could use to dispose of the problem.. Berger went to the Archives and I believe to remove evidence of the White House arguments so the public would never know the true extent of their ineptitude..
The country was in a stock market bubble during most of the Clinton era and there was a great wealth and prosperity which was TOTALLY unrelated to President Clinton's economic decision making.
The country was entering a recession when President Bush was entering office and enherited a mess that eventually forced a very well timed TAX CUT. The benefit was a recession that was the shallowest on record. Were it not for the TAX Cut, oftened termed the most well timed tax cut in history, the country would have fared far worse. 911 came along and might not have even happened had ABL been taken out rather than basically ignored by the administration.
The surplus often cited as a hall mark of President Clinton's stewardship was only a chance development directly related to the stock market bubble. When it burst, the blame should have been directed to the Clinton Administration and the loss of many folks retirement funding was do to the innapropriate stewardship provided by the party in power.
We will have another major problem if President's Bush tax cuts are not made permanent. The Federal tax income has increased 10% or more for each of the last 3 years.
SharonB
PegnVA: IMO, there are no Presidential candidates that can unite this country after the Clinton's taking and trashing of the White House.
They have polarized this country and it will take a couple of generations to recover.
At this time Ron Paul is the only alternative I can see with any chance of moving towards a unifying of this country because of his stand on constitutional issues.
Unfortunately, he doesn't have the Gravitas to succeed in getting the nomination.
The majority leaders in Congress are widening the gap between the far left and far right citizenry. This is unfortunate and the middle of the road positioned citizens are not being represented as a result.
I can see no solution and will vote out all encumbants that I can.
SharonB
PegnVA: Because the Iraqi Police are not up to snuff as yet for one. The Iraqi Army only has one fully qualified Regiment in operation. There are more coming along that will replace our forces. The surge is just beginning to bear fruit and to pull back now would endanger the progress we have seen recently.
About next November the situation should be a lot clearer and then when the election happens we probably won't have such a bi-polar citizenry. I certainly hope so. I would rather focus on making President Bush's tax cuts permanent as opposed to the Democratic thinking a tax hike will be better for the country. A tax hike will push us farther into recession. Couple this with inflation and the falling dollar, monetary thoughfulness for our future becomes far more important than the current thinking suggests.
That is just a couple of points among many.
SharonB
The Second Liberation of Baghdad
November 9, 2007: American military commanders believe al Qaeda has been driven from Baghdad, and the only areas still controlled by terrorists are those occupied by Shia militias. These amount to about 13 percent of the city area, and pacifying them will be a political, more than a military, problem. The Shia militias, or rather their leaders, also control several government ministries. The militias are also heavily involved in several criminal activities, especially black market gasoline. There are still Sunni Arab criminal gangs, but they are out of political terrorism now, and keeping their heads down. The Sunni Arab community in Baghdad is ready to accept any political deal they can get from the government. Outside Baghdad, Sunni Arab groups are more feisty, although at the moment, few of them support al Qaeda. Many Sunni Arabs outside Baghdad still back terrorism against foreign troops. Very few Sunni Arabs still believe they can regain control of the government, and most are not sure they will be able to remain in the country. At this point, U.S. troops are mostly concerned with controlling the Shia militias. These groups still have it in for Sunni Arabs. While political murders are down 80 percent (of their peak last year, when over 3,000 civilians were being killed a month), most Shia would still like to see all the Sunni Arabs gone.
Foreign terrorists are still getting into the country, and al Qaeda is still operating in the Baghdad suburbs and near the border of the northern Iraq Kurdish region. The most dangerous terrorists are still the Sunni Arab ones, although Shia militias are attacking U.S. troops as well. But roadside bomb use is down 70 percent, and the people building and deploying these weapons are on the defensive.
Peace won't arrive until the police are able to assert themselves throughout the country. That's not impossible. The Kurdish areas have been at peace for years, and many areas in the Shia south have seen little or no terrorism. However, many rural Sunni Arab areas have been without police since 2003. Recruiting and training will take years. Meanwhile, tribal militias or other informal security units are all that's available. These are subject to corruption, or control by a local warlord or big shot.
Corruption, and organized crime, remain a nationwide problem, even in the Kurdish north. Solving these problems is a long term effort. In particular, corruption is so ingrained that it may take generations to get under control. Where there is a lot of corruption, there is always potential for unrest.
http://www.strategypage.com/qnd/iraq/articles/20071109.aspx
Brutalized Iraqi capital begins to breathe again
Fri Nov 9, 2007 6:50am
By Wisam Mohammed and Ross Colvin
BAGHDAD (Reuters) - Likaa Haider is doing something she hasn't done in a long time -- hoping. Like many others in Baghdad she is praying that the signs of life she sees returning to her city represent more than just a lull in the killing.
The 21-year-old is a law student at Mustansiriya University, where bombings killed 70 people, mostly students, in January.
"Many things have been changed in Baghdad. I now have hope in the future," she said.
Across the city there are signs of change, from restaurants and shops doing brisk trade and people on the streets late at night, to residents returning to Haifa Street, whose high-rises were a major battleground for al Qaeda and Shi'ite militias.
But Baghdad residents are still wary.
Theirs is a brutalized city, where roadside bombs turned streets into minefields, death squads roamed with impunity, kidnapping and killing, and suicide bombers sowed carnage.
Like a car crash victim in a coma, the city shut down. Life was put on hold. Baghdad's traumatized residents avoided public places, locking their doors and emptying the streets after dark.
Shorja market, the city's main centre for wholesale goods, was the scene of a multiple car-bombing in February that killed at least 71 people and wounded 165.
A visit to the market this week found people crowding the narrow passageways between stalls selling everything from brightly patterned cloth to fruit and vegetables.
"You can see the change. People feel safe to come here and shop," said cloth-seller Shaker Shnishal.
ETHNIC CLEANSING
The Interior Ministry says violence in Baghdad is down 70 percent since the end of June, while Lieutenant-General Raymond Odierno, the deputy U.S. commander in Iraq, said last week that a drop in attacks in Iraq over the past four months "represents the longest continuous decline in attacks on record".
The downturn in violence has been attributed to a major U.S. military build-up, a more aggressive strategy towards al Qaeda and Shi'ite militias, and Shi'ite cleric Moqtada al-Sadr's order to his Mehdi Army militia to freeze their activities.
Others say violence has declined because areas have been ethnically cleansed and more than a million people displaced since the wave of killing erupted in February 2006.
"Areas that have become homogenized, where there are no longer people from mixed ethnicities, are not seeing the same displacements that were evident in 2006 because there simply are not any more people that can be targeted to displace," said Dana Graber from the International Organization of Migration.
Graber said displacement in the capital had slowed because of improved security, but the number of displaced still exceeded the number of returnees.
Haifa Street, a thoroughfare that runs along the west bank of the Tigris River and cuts through the heart of the city, was the scene of fierce fighting in January, when U.S. helicopters rocketed high-rise apartment blocks to oust gunmen.
Now, people are returning to apartments that were used as hideouts for militants. Wet clothes can be seen hanging from washlines on balconies of buildings scarred by bullet holes, and at night the street is lit by new solar-powered lights.
Taking bags of vegetables from his car in a parking lot in Haifa Street, Azad Fahmi, 37, a restaurant owner, pauses to reflect on what brought him back to the apartment he had fled.
"I heard about the improved security in Baghdad on TV and I was persuaded by friends to return," he said.
In New Baghdad, a Shi'ite district in eastern Baghdad, studio photographer Ali Muhsin, 29, is taking wedding pictures of a newly married young couple while their relatives dance on the pavement outside and hoot their car horns.
"The number of weddings has tripled since Eid," he said, referring to the Muslim holiday that marked the end of Ramadan.
In Shula in northwestern Baghdad, night has fallen, but its streets are still alive with people and cars. Children play ping-pong on tables set up on a street median, groups of young men smoke waterpipes, and restaurants are doing good business.
"In the past we used to shut our shop after sunset," said Abu Mohammed, sitting at the cashier's desk in his restaurant.
"It is 8 p.m. now and you can see the shop is packed."
But Joost Hiltermann, an Istanbul-based Middle East analyst for the International Crisis Group, warns that what Iraqis are witnessing could be a temporary phenomenon unless their feuding political leaders reach a political accommodation.
"In the absence of a political deal, sustaining this over a long time will become difficult," he said.
http://www.reuters.com/article/inDepthNews/idUSCOL93771320071109?feedType=RSS&feedName=inDepthNews&pageNumber=1
Iraq PM goes walkabout in Baghdad
Ammar Karim
AFP
November 6, 2007
BAGHDAD -- Prime Minister Nuri Al Maliki has gone on a rare walkabout in central Baghdad in the latest sign of the improving security situation in the war-ravaged Iraqi capital.
During his stroll around the landmark Abu Nuwas street, Maliki inspected newly-renovated gardens and chatted to residents and young soccer players, the premier's office said Tuesday.
Maliki was accompanied by interior minister Jawad Bolani and other senior officials during Monday's tour of the riverside Abu Nuwas, named after a renowned poet and once Baghdad's most prominent street.
The premier, dressed in a suit, was surrounded by bodyguards, and the area around Abu Nuwas was sealed off during the tour, a security official said.
More than four years of violence has virtually closed the once-bustling street, with its lines of cinema halls, restaurants, and shops now standing empty and deserted.
But, with a sharp decline in bloodletting since a "surge" in US troops from mid-February, Baghdad municipal authorities are now reviving Abu Nuwas, and have already given the gardens a makeover.
Baghdadis are slowly returning to the gardens, and officials say they expect shops to start reopening soon.
During his one-hour visit, Maliki met residents who expressed their grievances, while one mother asked for government aid to assist her son who lost his legs in an explosion.
Locals showered the premier with sweets while he took time out to pose for pictures with children.
"Security has been reestablished, and we have beaten the terrorists in many areas of Baghdad," he told those who turned out to greet him. "Life is returning to normal. Terrorism is living its last days."
Maliki also met teenagers playing football on an open field who complained to him about lack of proper facilities.
Popular Iraqi footballer Laith Hussain was among those who shook hands with the prime minister, a photograph released by Maliki's office showed.
US officials blame Maliki, a Shiite, for failing to effect the political reconciliation needed to halt the sectarian violence that has ravaged Iraq since a Shiite shrine was bombed in the city of Samarra in February 2006.
The embattled premier denies he is not doing enough to rein in militants and, at the weekend, told a conference of Iraq's neighbors and major Western powers in Istanbul that the threat of civil war and violence was receding.
"Ethnic violence is decreasing ... The civil war that Al Qaeda wanted to spark has been prevented," Maliki said. "Iraq has overcome the period of danger, and is stronger and more experienced today."
Iraqi officials and US military commanders have, for several months, been claiming the security situation in Baghdad and other violent regions is improving on the back of sustained military assaults against insurgents.
Residents of the capital, too, report that violence levels have dropped noticeably and that some neighborhoods are returning to a semblance of normality.
The debate is still open, however, over whether this reflects a lull in the war or the tentative start of a long road to peace.
The second in command of US forces in Iraq, Lieutenant-General Ray Odierno, recently told reporters that the momentum was "positive," but "not yet irreversible."
Iraqi newspapers Tuesday reported that a project for the reconstruction of Mutanabbi Street in downtown Baghdad, the cultural heart of the Iraqi capital with rows of libraries and booksellers, has also begun.
The street was devastated by bombings earlier this year that destroyed many bookstores and forced cafes and libraries to close.
Data from Iraqi ministries said 887 Iraqis were killed in the month of October, up on the September figure, but significantly lower than the 1,992 deaths recorded in January, the peak of violence in the country.
http://www.metimes.com/storyview.php?StoryID=20071106-080536-9345r
poor papa: If something does happen and if they want to increase their share participation, there will probably have to be a forward share split to accomodate trading both ways. Can't sell into this market without radically changing the bid price.
For the life of me, I don't understand this silence.
SharonB
Just updated the share structure IAW information provided by the Transfer Agent. It is the same and only the float is now not a calculated number but the number provided.
Authorized Shares: 3B
Outstanding Shares: 4,977,609
Restricted Shares: 2,566,660
Float: 2,410,949
Updated Nov 6, 2007
SharonB
Well, the bid is back to .05 5K. That was interesting and again points out what could happen with a positive development statement by the management.
SharonB
bobbydbd: It would make sense if TM wanted to keep a clean shell for future use. He probably has a year or so to bring current data up before the SEC steps in and revokes or suspends the stock. This raises a question with me, which issue, the 105 or 206.
SharonB
There goes the 50% gain. Time and sales.
1:28:36 PM Trade 0.1 7665
9:45:16 AM Trade 0.15 3000
9:42:24 AM Trade 0.15 5000
9:30:16 AM Trade 0.1 6665
............Total= 22,330
SharonB
Kool. Thanks. Got any more leads? Just kidding, it happens all the time.
Patience is a difficult thing to judge.
Riding a dead horse, ignoring the facts, and just being stubborn are a few comments of wisdom that have been sent my way by the basher community.
When a company changes focus or business plans, a complete re-evaluation of the investment is in order. I certainly understand bailing out of this one under the circumstances.
SharonB
Time and sales 0.15 up 50% ??? WHY ???
Rec. Time Action Price Volume
9:45:16 AM Trade 0.15 3000
9:42:24 AM Trade 0.15 5000
9:30:16 AM Trade 0.1 6665
SharonB
Time and sales:
Rec. Time Action Price Volume
11:51:30 AM Trade 0.06 1005
11:41:50 AM Trade 0.06 10000
11:40:14 AM Trade 0.06 5000
9:31:08 AM Trade 0.06 4100
Not all that inspiring.
SharonB
Maybe they know something and want some shares?
I have lost faith with this management because of their lack of communications with the minority shareholders and have stopped accumulating shares.
I am not selling at these prices.
SharonB
ff: A ride has motion. We're static and for the moment staying in place. I fully expect the b/ds to take this lower on very small volume.
This totally sucks and for the life of me can not understand Rad's reluctance to speak up. Even bad news is better than this ignore status.
SharonB
Just tried to get a quote from FRT and got this message.
ILCI
Symbol Not Found
We're sorry, but the stock symbol ILCI does not appear to exist. You can try searching for it, or try another symbol in the upper left form.
I'm going to fwd this to the company.
http://quotes.freerealtime.com/rt/frt/M?IM=quotes&symbol=ILCI&type=Quote
The last trade date was 10/22/2007
I wonder if we still have an operating company.
SharonB
paunch13: That is your opinion, not mine. You have been down on this company since you arrived here. Because of the lack of information coming from the company it is hard to refute with evidence.
I prefer to wait and see what developes.
SharonB
FWIW: Need to set up special fund to finance SMEs
Senior Business Reporter
Underlining the need for nipping the financial shortfall challenge faced by fledgling yet promising business ventures at the policy level itself, a top banker suggested that the Middle East and North Africa (MENA) region nations could create special funds from their Sovereign Investment Funds towards financing new small and medium business entities.
“The Special Fund could be managed by a bank specialised in financing Information and Communication Technology and other potential business ideas. We need to create specialised windows within financial institutions that are willing to take a little more risk in financing start-up businesses,” said Torek Farhadi, Head, Investment Promotion Technical Assistance Programme, Islamic Development Bank Group yesterday.
In a keynote presentation on ‘Advancing innovation and entrepreneurship in the Middle East and North Africa” at the ongoing fifth MENA Inc workshop, he also floated the idea of a network of angel investors who could earmark special resources under the management of specialised underwriters, dedicating a portion of their investment resources to risk capital. “Ideally, a combination of both public and private funds can ensure that the convening powers of public institutions are also leveraged.”
He said traditional commercial banks invariably shied away from financing business ventures that had not proven themselves. Against this backdrop, specialised lending and financial teams, which can understand the potential of a product offered by innovative start-ups, were imperative.
Research showed that a large percentage of new businesses never made it beyond the first or second year of operations. “New businesses are very fragile and sheltering them in a business incubator gives them the strength to sail through the risky initial period and expand their businesses,” he pointed out.
http://www.bahraintribune.com/ArticleDetail.asp?CategoryId=0&ArticleId=175720
Time and sales. 60,906 at .05 ????
I wonder who is keeping them. I find it hard to believe any b/d would keep them in inventory, even many long shareholders are not to keen on keeping them.
You don't suppose the company is acquiring them quitely?
Rec. Time Action Price Volume
1:45:12 PM Trade 0.05 20000
1:44:14 PM Trade 0.05 20000
11:43:56 AM Trade 0.05 906
11:02:34 AM Trade 0.05 20000
Going out for the rest of the day.
CUL
SharonB
Time and sales: 20,906 @ .05
11:43:56 AM Trade 0.05 906
11:02:34 AM Trade 0.05 20000
I believe the 906 was B/D activity, the 20K was a
transfer from a seller to a buyer.
SharonB
No info yet. Sent the following e-mail 2 days ago.
Dear Mr. Kadrija Hamzic: October 16,2007
Info: Radomir Popovic
We really need to know if this is a dead end company. Are we still actively engaged in the commodity markets? What is the company strategy going forward? It would also be appreciated explaining the reason for the reverse split which did so much damage to our investments.
FYI: As a reminder from an e-mail to me.
Dear Sharon:
Thank you for your email of June 29th. Management is aware that shareholders are concerned with the lack of updates.
As I wrote you previously we are working hard to accomplish our goals. The lack of news should not be seen by investors that the management of the company is not actively working. As I have said before, Management will provide news release to shareholders, and in fact they are planning to release news regarding all deals that they have been working on over the last year, by end of July. Business in the North African markets proceed at their own pace and management has had to tailor its expectations accordingly. end
I am still waiting for a response and recently added more shares of Innotelco to my portfolio.
SharonB
Moderator of the Innotelco stock message board on Investors Hub.
Hey Paunch: It is selling and no question about that. All I'm saying is there is support from buyers at the bid that are not bd's. This is especially true, probably 95% of the time, if the trade was at more than the minimum 5000 share quantity.
Another point to consider. If it were a bd, then once the 5K was bought the bid would drop in 5K steps until buying was re-established by commercial clients.
SharonB
paunch13: While is is quite possible a bd put the shares into their account, I doubt it. I have seen very little support, actually none, from them and believe they are matching orders to buy side bids from commercial investors.
If it were otherwise the bid would be dropping, as I see it.
SharonB
OK:Fess up. who bought that 20K at .05?
Best Bid Best Ask Time of Last Inside Change
0.05 (5000 shares) 0.06 (5000 shares) 7:26 AM
SharonB
ff: OK, I now have a buy in for another 50K at .03, AON.
OK> Just put the order in through Schwab.
Heading out to the golf course to hit a bucket or two.
CUL
SharonB
paunch13: Your right, that was my 20K. Just checked my acct.
At least it will be an uptick for the day if the recent past is any indicator.
SharonB
paunch13: I have a bid in for .055, 20K, AON ( All or None.) Can't get a fill. I don't want to pay 4 commissions to get 20K in 5K lots.
SharonB
This stock history can be viewed at the link shown in the Ihub message box or this link.
http://stockcharts.com/h-sc/ui
Select weekly data and the volume indicates just a gradual diminution of volume with no noticeable spikes of significance since.
There was a run up to over 70 cents with a spike to 1.10 split adjusted. This was when the press releases were the only factor in the stock market action.
Here is a link to another charting site where an interactive cursor is available and dramatically shows the decreasing volume until the announced RS.
http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=ilci&time=&freq=
SharonB
ff: What are the details of the sale. Is it at the ask or less? Is it below my .055 bid for 20K?
It may be that your broker is keeping them if your ask is below .055.
If this is the case, I'll contact Schwab and have them contact your broker. At least we will have something new to discuss.
SharonB
ff: Lets look at this part of your post> I put my shares up and they dropped the bid... so its about control and the money
and how much did they dump it before the RS?
I did a little grammar work, didn't change the meaning or intent, IMO. SB
I have a bid in for 20K at .055, All or None. I did this for a reason. If shares came available, I'll get a fill. So far no fill. This confirms my opinion there is little float, almost no desire to sell at these levels, and demand could and probbly would radically change the bid and ask spreads/price.
Regarding control and money, this is the brokers realm, ILCI management gains nothing and is hurt by this maneuvering. They are hurt by the limit being set which prohibits even reasonable speculation. I for one would never enter into a situation where I have to have nearly an 80%-100% price appreciation to arrive at the profit side of the balance sheet in a non reporting company. Add no Press Releases for nearly a year and it is obvious why demand side pressure is non-existent.
I rather doubt the management dumped shares before the RS. I for one didn't sense selling pressure before the RS. There was a gradual degradation in the pps for a time prior to the RS, but I attributed it to dealer/broker activities on low volume. In other words, take the price down to where demand develops and volume picks up. They make their money on the spread and no volume is not good for them either.
The RS had no redeeming qualities for anybody as I know the situation. Since the RS there has been only 2 trading sessions where there more than 100,000K shares trades since the RS. The next trade was about 64K then down to the 20K region. So after the RS relatively light volume didn’t appear excessive. It would also be illegal to trade on insider news and I just do not believe they did that.
http://finance.alphatrade.com/index.php?page=quotes/history&s=ilci
I recorded the daily volume the day of the announcement and the volume was about 20,299,588. These were at prices down to .0002 and up to .0004. Even if the majority shares traded were from the management, which I doubt, it wasn't that significant. I just can’t believe the management thought this through.
I believe they wanted a higher pps for some unknown specific reason. As it didn’t change the market cap I have a hard time seeing a reason to justify the RS.
It did consolidate the major shareholders power relative to the minority shareholders and this is the only key that makes any reasonable sense. At the time of the increase in restricted shares, I felt this was an inducement to the new CEO/President. Then the restricted shares were also reduced by 150:1, so that sort of didn’t make a lot of sense.
Suppose now they issued more restricted shares to be used for incentives and then forward split. The weak shareholders would have already left and the new forward split shareholders would be in a more powerful position with the more leveraged position in the offer. I guess this scenario doesn’t make a lot of sense, but neither does this management at this time.
I hate the DARK.
SharonB
I've had 3 experiences like that. Two were involved with illegal activity by management. One went to court, don't know or care about disposition. RMEC. I think the CEO went to jail.
DVINQ still trades but cost me a bundle and the CEO is subject to a class action lawsuit. Been a long time and as part of the action, I still have no resolution. Currently in BK.
MXDY went silent shortly after the SEC halted trading. The case was referred to the US Postal Service and is still under investigation. That one hurt. Under new management, but inactive.
As I have said on many occasions, these types of stock have great risk, great rewards if right, and almost impossible to determine potential due to the lack of verifiable DD.
SharonB
paunch13: I believe we will hear something from the management in the future. At the present time I am very disappointed in their lack of communication with its investors.
Any further investment in this company, imo, is purely gambling and akin to playing the Wheel Of Fortune in Las Vegas. Some think the State Lotto would even be a better bet. It remains to be seen.
Beware, this is a pink sheet company without any financial reporting. In a few months it will be a full year since their last Press Release. I am hoping for some sort of information before the one year anniversary.
As with all non-reporting pink sheet companies only invest what you can afford to lose in its entirety.
SharonB
I'm going OL. Just too boring to sit here and wait for the next shoe to drop.
SharonB
ff:Just checked with Schwab. Bid .05 ask .06. Put in buy for .055, 20K. Maybe alopez will fill for me.
SharonB
alopex63: Can't blame you for thinking that way. There is absolutely very little to encourage investors at this time considering the absence of dialog with the company.
It is just too early for tax considerations for me. If I sold the money freed up wouldn't do a lot for entry into another pinky and certainly a near waste of time to buy a reasonable position in a company on a major exchange.
I also buy options and could pick up some that way. Been toying around with the idea of a few calls, 2 strikes prices out of the money, in Tasr. That is just to have some activity when the Grandfather Clause of RegSHO expires.
Anyway, good luck.
I'm off to the golf course. Prepping for a Northern Cal tournament later this month.
SharonB