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dont you remember he already stated that they have financing - and they do not want anybody to buy stock just yet.
Not to rag on you because you can do whatever you want but you were one of the biggest smnc pumpers out there --- you are bashing on yourself. I didnt show up yesterday - ive been here for couple years and I remember... all the raging basher idiots on raging bullsheet supposedly followed you there... now you are taking over for them...
If you are out- move on- dont be a hypocrite and become what you were always preaching against- lied to or not... especially if YOU are are only out $100 in the end...im out 100x that and am getting sick of you f'n with the possibility even if its slim of getting back in the green... Go find a naz or amex stock worth trading... and dont become a cancer here... or buy 100 shares of ONYY so you can actually call youself a stockholder- you sound like ohshemight-- I likely called it right way back when and you have been oshe all along (or work in the same boiler room).... Personally- I want to make some of my money back--- you admittedly already gave up early and made a decision to get out. If you have lost confidence in mario -there is nothing else here- just move on.
----its kind of funny how I always see you hanging out on the pennies after what you just posted- "The real money is in the big board & Nasdq stocks & not in Pump & Dump penny & sub penny land" you are begining to sound like a joke.
imo cramer is just entertainment and thats that- his sheep follow him as their sheppard and they can screw up a stock as quickly as they make it. I got spooked/stopped out of petroquest last year because of him and his flock screaming sell if I wouldve trusted my own DD--or maybe bought more as his flock was selling it to death (which he prob was doing)I wouldve ended up near 300% instead of down and out -20%...
I agree w/you Im forced to hold and that could be a good thing depending on how positive the next 12 months will be for the products.
does anybody know the address that they want for only you,inc to put on the cert? under assignee address?
go away you sounds like one of the old spwp bashers now.
obviously they are restricted to prevent an immead selling flurry when everyone would get the new certs deposited into their accounts...
I dont want to wait another yet but at least mario will have 1 year to make it with this company- and we should know the "value" of the company by that time and some will assess to stay invested some will not at that time...
come on cdr- dont be bitter because you sold early and we now see even ira shares can be transfered... if you only lost 100.00 why continue to bash on this?
avg of bid.ask was .25-.51 or .38=1 for 19. Even better.
well now lets find out about whats up with the partners.
I disagee - I thought it was said that is was the average of the trades for the day.. either way not that much of a difference from .497 and .51 anyway still about 1 for 25 at .02 conversion... I was actually shocked that nobody hedged it down by selling shares yesterday.. I know several people have a lot more on the line here than I do and I was even thinking about doing that...
I do wish I wouldve been able to make it on the conf call but I was camping for the weekend and wasnt home that day and had no cel service where I was... - Anybody want to fill me in now on what was discussed on that call now that the pps conversion is set in stone? tia
so what do you gather is the offer 100@.25 1900@.51 =.497 avg for the day so that is the exchange rate? 1:25 ?
Can anyone give me an outline fo the call? I was camping for the weekend and just got back in... I got the emails but they todl me nothing...
thanks in advance.
I spoke with the transfer agent on monday- he is as much in the dark as we are and waiting on mario and co to answer him many questions before he responds to anyone...
Im just waiting on the instructions on how to fill out the cert and how they wish it to be mailed and how the agent wants the 20$ fee....
I dont understand the cutoff of feb 24 and then this offer is valid only until March 15, 2006 4 P.M.
Smart move imo for mario to do the restricted shares.. It will save the pps until the stock has something concrete to base the market cap on... then restricted or not whatever the company is worth on feb 24 2007 it should hold the pps.. hell Ive already waited for almost 2 years whats another... the conf call is a good idea too..
oh...I already did attempt to contact the transfer agent to get more info on when/where/how and got a machine and emailed without response yet...
I never did a stock swap before nor have I ever even signed a cert before- I always did any transfers electronic before...I cant see just signing it over and sending it to the transfer agent? isnt that just like sending him cash?? granted at spwp pps its not that much but I assume it needs to go certified mail or overnight at least where a signature is required to track the cert right? Anybody know the proper procedure?
Im feeling much better today. Is it the light at the end of the tunnel??? only question I have left is if these will be restricted shares or not. Part of me hopes yes, other parts hopes no... can they even restrict shares on pk?
hey EP I resemble that remark!!!
I seem to remember mario publically stating (or on the website anyway) that at this time he wasnt asking for new investors...
I understand that this is a good entry point but whoever keeps driving the price up is just making their own "at par" (if mario sticks to his plan .01/.02 etc as orig outlined) conversion shares worth that much less.... for example 1mil shares spwp.01= $10k worth. If this pps is at .50 thats 20000 shares.. but if somebody punches it up to 2$ thats only 5000 shares of onyy...thus making it worth less in the long run...
This is not on anybodys radar yet and wont be for a long time imo. I would assume that the only people here are the old longs from the old shell who are down a ton and us spwp longs who intend to convert the shares...
dart1961- I noticed similar myself, - the movies must be packed/mailed day1, you get an email day2 and I usually receive the movie on day3. Im getting about a 5 day turn around total (sometimes 6 if it rolls over a sunday) Im pretty happy... they did lose a dvd on me (or actually the usps did) but that was handled well by their cust servcice. My service so far has been good and I have been a customer for a couple months... I figured the best way to base my decisions on how much to go long was to see how I liked the service, so I joined for a month- then since upgraded to a yearly after I realized it worked well enough and the kids were taking my "movie spots" up with holding on to the games thus I moved to the 6 rentals...
I think they still have a ways to go before they can handle the influx of business that a full CC national rollout will give them..(I guess thats why only 1/10th of the stores at a time is planned) they needed this couple months time imo. New website-better cust service-more distrb centers etc.
I live near one of the test stores and I watched the cases fly off the shelves in december...Last time I was there a few weeks ago they didnt have barely any left in stock but the displays were still up---I would think a decent portion of those people will again be purchasing them at the end of this month...I will keep an eye on it... believe me adding almost 60 stores a month will cause a huge influx of business..they need to be fulled ready for it..
did you see marios statement that at this time he doesnt want anybody to invest???
Yeah. lots of ceos say that too.
Think whatever you want.... Im just happy mario is giving something back to us that he doesnt have to...to prove he is not a crook..... and my wife told me if I give him anymore of our money she will divorce me LOL- so that kind settles it for me..... ----just because you gave up on him dont be bitter.
Go play gzfx - its much more liquid and has a near guaranteed future ahead... or better yet- go bash that. oh- thats right you are a long in that stock... you wouldnt want to do that. so bash this because you are not long here... whatever... have fun entertaining yourself.
I had thought that too at one point -- if you read back on spwp maybe around june of last year...
I read up on certain organizations that hire bashers while they prepare to short it..(I actually was thinking of taking it as a 9-5 with one so I could stay in gear with the markets more) ...anyway I read up on their tactics.. its funny because the key is the supposed "long" who befriends the other longs fights with the bashers and they tend to attack him while he is actually in league with them... then just when they want the pps to drop - the long "friend" gets real bearish too...supposedly work real good on small companys with small floats... where places like rb and ihub are key and nobody on wall st is very interested in the stock.
I dont think cru is that person... maybe I could be wrong... but I see him all over the websites bashing at some and pumping at others... he is just a trader trying to make a living... but if he isnt interested in this company I wish he would disappear already or admit his intrest on how this will play out..
hmm 110,000mil on 1.16 means after the rs on 1.17 we have 3.66 mil auth and 515839 issued? or 515k issued and 110mil still authorized?
there we go - it showed up on ameritrade and a 5000 share trade at .026 went through.
wasnt the bid ask .007 and .012 before the rs? thats the same bid/ask from friday x30. My ameritrade doesnt even show the stock yet its just blank would explain the no shares traded from my end.
cdr - first, I trust nobody in the markets. secondly,Im not trying to classify you with "those we dont speak of" your statements are just starting to echo theirs last year...but its amazing how you went from apples to oranges on this issue over the last 6 months of quietness and now that "they" are gone you are almost cutting and pasting their old posts...
You honestly just sound PO'd because you sold your shares at a loss after you were up from flipping the stock and ended up losing all your profits---mario is being fair enough to give the rest of us longs a 2nd chance (those who were not flippers) for sticking with him through this... dont be bitter. Just move on, this is going to be a new company with new products and new stock.. new ballgame.
All I know is those supposed pump PRs or not, Mario DID have the product in a store..(thats 100x better than 75% of the pinks out there that never get anything REAL anywhere) I saw it with my own eyes...and you couldve went 2NYC or went on their website and purchased it yourself at duane reade - thats not "did nothing" If that one contract wouldve made the company profitable wouldve been a different story... and it was also testified that he was in contact with sales at walgreens
as far as pr's the only I would ever have a problem with would be the pr releases after jan 05 because imo he was aware of the WD issue popping fully back up and that the bk would be reopened and still put out those pr's on feb2 and feb16 2005. but those prs simply stated he was attending the trade shows...nothing sooo misleading... Also,im sure he was still optomistic at that point of him being able to squash WD on his claim...
The rest of your statement is absolutely insane...What ceo do you know that puts out a PRs telling people to not buy their stock???
All I know is in that court hearing I heard the words "speaking with walgreens" and that is worth sticking around to see what happens.
The new website looks a hell of a lot more professional than the old companies ever did.. bravo so far.
cru- I dont know if you read this or not... take it for what its worth from the superwipes website----
*************************
For your information: Since March 26, 2002, SMNC, SPWP never paid us any wages. The money raised since 2002 came from me personally, my friends and some private investors. We still are in possession of our shares. The company never sold or dumped any shares on the market period, I know for a fact that previous management without naming names did so. I personally paid and still paying for all legal fees without any financial support from shareholders. Unfortunately some individuals released or made derogatory comments about the company and me without any foundation. In the past, many Press Releases were issued by third parties for their own benefit without our knowledge and permission! I personally incurred heavy losses and a lot of down time (3.5 years) but I never gave up and I am moving forward. We are not asking anyone to invest any money in the new company but it would be great if you support us. When needed we will ask! Time is the essence and we will prevail. Now we will be able to communicate freely and more frequently with the shareholders without interference from previous management. This will take time and we are approaching this cautiously says "Mario Quenneville, president and CEO"
Please let's work together and permit us to make it happen once and for all! I am a shareholder too and I will keep working very hard to reach success as well as our new Team!
*****************************
I agree cru is starting to sound like oshe or boccardi at this point- not owning shares but bash bash bashing already.
True. In that case I have no idea. I have had my certs since july when he first advsd us to get them... so you know im not in at .0003
Are you guys reading something different than me???
He is just saying "the investors in the past 4 years" since he took over...
I wouldnt think that if you just got in at .0005 or something that you are going to get anything more than your .0005s worth.
If you have apex on ameritrade you get free certs.
I do understand your point - but the only reason spwp is defunct is because of a reopening of a 2002 bankruptcy filing. The company shouldve went out of business then not in 2005. I guess mario sees it your way too.
read what it says on the website --
Please take notice: Actual Certificates or Appropriate Transfer will be needed to complete the conversion. The exchange will be done thru an unbiased and reputable transfer agent. For the people that have shares with their IRA we are currently looking into a way to transfer the shares.
?-I am assuming that mario and private investors (are those people takis group?) went to the bankruptcy auction and bought the machines/product that were auctioned off by SPWP
so is it possible we might be immeadately in business?
I agree. imo there are 2 reasons for him being willing to convert the shares when he legally doesnt have to
#1 I believe he is truely honest and wants to show that-karma is everything-he doesnt want to be a "crook" and "steal" all the money that was invested in the previous shell because of his crooked x-partners BS and shenanigans and non-disclosures.
#2 to retain only the positives with the company and product and have a "clean slate" ---not having several people haunting him (both on the forums and maybe legally) and the company because he used "post 2002 bk" invested money to fund all the business trips etc. that got him the contacts that he has that will make this new shell/company prosper...
Imo the SMNC bk in 02 should have been granted/discharged not dismissed like it was...the judge back then dropped the ball. If that wouldve happened I wouldnt be here at all... I invested after the BK dismissal ---I cannot understand how the company couldve been in worse shape in jan 2005 with so much going for it..it just never made sense. It was the pre02 skeletons that sunk it..Honestly the only confusing thing to me is he granted the ability to CCGI and pre2002 SMNC holders to swap their share too.. but fair is fair and I suppose its hard to prove when someone officially got "in" on a stock.
GLTYA
Well... the next chapter. Now he just needs to get the ball rolling again...
didnt cost me anything for my cert. So I will just leave it on paper
I still have my cert.
Last I knew it was somewhere around 500mil I think which puts us valued at 350k only right now...
as depressing as that is to hear...it doesnt really matter. At this point the stuff that was in the building is surely in storage someplace, being controled by the court and the formula is the major asset anyway....why continue paying rent if you are not allowed to run your business.
that wouldve been what happened but apparently the trustee is not going for that... its obvious walter wants this company sunk- nobody in their right mind would want to liquidate an entire company that still has assetts and the ceo wants to continue business and inists that he could be profitable... either way either with bankruptcy or through the settlemnet/split walter wouldve been released from any liabilities.. he must want the company sunk... I think the big problem is that this has become much more than just business- its become very personal between walter and mario...
or at least wasnt aware that that would be considered public to the SEC
I stand corrected then. I wasnt aware that mario filed them publically....
as far as corp ch-7... not going to happen- trustee said liquidation, would be 11 not 7..assetts sold off to highest bidder (which is why charlie asked if anyone wanted to buy the comp) divided up to the creditors starting with the largest creditor first.
Hopefully not going to happen either way... hopefully we get a dismissial.