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I believe that the word sums up all the other conditions in the filing (impossible to read the original) matybe without using that specific word. I am going to the conservative side unless given specific evidence otherwise.
Item states Mak's Preferred A shares are both nondiluible and reversible. So as long as he keeps from exercising enough of the preferred he could do a reverse split to keep at least a 50.1% control as I read it.
ITEM 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On October 24, 2006, the Company filed a Certificate of Designation with the Secretary of State of Nevada creating a new class of stock, designated as Series A Convertible Preferred Stock (“Series A”). The designated amount of Series A is 500,000 shares (“Series A Shares”) at a par value of $0.001. The Series A Shares are convertible at a ratio of 200:1 and is non-dilutible or reversible.
Mak could use a reverse split to keep his % over 50% and claim he needs to do it to raise PPS to get on Amex, nasdaq, etc and his preferred shares are nonreversible.
http://news.yahoo.com/s/ap/20071130/ap_on_go_ca_st_pe/marines_armored_vehicles
WASHINGTON - The Marines plan to buy fewer bomb-resistant vehicles than planned despite pressure from lawmakers who are determined to spend billions of dollars on the vehicles.
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The Marine Corps' requirement for mine-resistant, ambush-protected vehicles would drop from the planned 3,700 to about 2,400, The Associated Press has learned. The Marines would not comment on the decision, but defense officials confirmed the cut. The officials spoke on condition of anonymity because the decision has not been announced.
About a month ago, Marine Commandant Gen. T. James Conway signaled the possibility of a new examination of the commitment to the vehicles, saying he was concerned his force was getting too heavy. "I'm a little bit concerned about us keeping our expeditionary flavor," he said.
At the same time, an independent study by the Center for Strategic and Budgetary Assessments in Washington questioned whether the Pentagon was buying too many of the pricey vehicles, which can cost as much as $1 million each. The study found that in some cases, the heavily armored vehicles, with their bomb-deflecting V-shaped hulls, might not be the answer that many believe they are.
Military officials and other experts have said that while the vehicles, known as MRAPs, are lifesavers in Iraq and Afghanistan, they are not as useful or mobile in some terrain.
The Marine Corps was criticized this year for not responding quickly enough to urgent requests for the vehicles from troops in Iraq. In May, Defense Secretary Robert Gates said the vehicles were the military's highest priority acquisition program.
In his comments last month, Conway said the Marine Corps has emerged as a "second land Army," assigned to secure Iraq, and must buy heavy equipment, including the mine-resistant vehicles, for protection against roadside bombs.
"Can I give a satisfactory answer to what we're going to be doing with those things in five or 10 years? Probably not," Conway said at an event sponsored by the Center for a New American Security. "Wrap them in shrink wrap and put them in asphalt somewhere is about the best thing that we can describe at this point. And as expensive as they are, that is probably not a good use of the taxpayers money."
Lawmakers on Capitol Hill, buoyed by the vehicle's solid record — to date no troops have died in one — have consistently said the military must buy more and must buy them faster.
AAGH PPS looks more like it is more range bound and still looking for a bottom.
The ability to reverse split without his preferred shares being affected is a big potential wildcard to AAGH PPS if MAk ever did that...
Convertible prommisory note of $370,000 was paid off in October 2007. Which convertible debt are you alluding to? It looks like we are getting another S-8 by early 2008 and MAK continued conversion of his shares. Mak will definitely control the price of AAGH in the future with his 100 million shares in his possession. HArd to believe that in June 30, 2006 (less than 1 1/2 years ago the outstanding shares were only 21,800,000 or 10% approx of what it is today if MAk full converted.
AAGH has issued 25 million shares via S-8 the last two years in January. It will be interesting to see if another one is issued in that time frame since the authorized was upped to 300 million shares; whereas MAK shares would have put AAGH around 210 million share outstanding.
CS,
Why did you put money into PDSS? Are you suffering from a brain aneurysm?
CS,
Sounds more like Karney whining. Oh why doesn't anyone what to do business with me....LOL
The wierd thing is ozone is a viable technology that is most commonly used in wastewater treatment, etc. I don't know if the problem is cost in other applications or that everyone just doesn't want to acknowledge problems in the food chain. Well, karney would screw up any potential contract like the ozone ice machines oin Florida...ROFL
Han,
Maybe if you posted a revised DD on AAGH it would go up in price?...ROFL
Well I wonder where all that volume is coming from....it can't be dilution as some of the newby traders said it couldn't be...ROFL. We can expect $.0001 by the end off the year for sure with another 1000 for R/S by early JANUARY 2008
That is why it is a good idea to sell half when a stock doubles to have free shares in case stock does fall...it takes the emotion out of the equation that always seems to inhibit investors good judgment...thinking it will keep going up when momentum is occuring.
Getting all kind of conspiratorial theories spun here. You would think if they had any S-8 shares to sell they would have sold into the recent strength not now. It is more likely the suckers that bought late into this recent run to mid 30's are no selling offf as some have lost 75% (end of year tax selling).
Maybe it was buy on rumor sell on the news...to that effect. Probably went lower than expected because of overall market conditions and the realization that it will take a quarter or two to figure out what can of potential reenue can be derived from WWTBAM..IMO
Mediascan,
Great analysis and points. Not to quibble but a quadruple (4X) return is 300% return.
I think AAGH PPS is more indicative a flight to saftey in this market environment then anything wrong with AAGH. I'm sure most investors expected a unrealistic quicker return from WWTBAM after it moved up on airing. I was actually pleasantly surprised that their core business is doig a well as it is as I thought they would concentrate their resources more on WWTBAM.
I'm not bashing AAGH. I am just being realistic based on my 1 year participation in the stock and time before that watching its pattern of PR disbursement and price fluctuations...But what do I know...Thanks for caring and you do have a Happy Thanksgiving Lordwhinemore...LOL
Since the total number of elementary particles in the known universe is about 10 to the power of 80. I would guess than Han's DD will be posted at least 10 to the power of 3 times between now and end of March. I am not particularily hopeful we will get actual Advertising revenue in a PR before that. We will probably get some fluff PR about how all the Advertising slots are sold or something to that effect. I would prefer them to wait until sufficient cash flow before annoucing another venture which if done beforehand will result in more S-8s.
Unless we get some hard numbers at that time from MAK we will be left with HAN's insufferable advertising DD numbers until then...ROFL
Unfortunately, the current Q is 4th Q and that and the year end report are not due until March 31, 2008. Last year they filed an extension and didn't file until April 16, 2008. That will be a long time to wait if MAk doesn't provide some info in the interim!!!
I think he is from the land of run on sentences...lol
It loks like 5by5 needs a time out...LOL
AAGH PPS will be dormant until we get word from MAK. It will be interesting if their IR will be more active in near future in getting the info out.
Heptikus,
In the SEC filings Companies ONLY submit the shares that are in the investors name only (possession of the certificates). 99.9% of investors keep their share certifiates in the name of their stock brokerages to ease in trading, etc so that requirement of 400 investors would be easily met right now. They could also do a small R/S? to facilitate the price for initial approval if they were in the ballpark on other measures.
"They would also need to attract more public investors. I don't think they're even close to 400 right now (13 as of Apr 2007)."
What I hope to see if assurance from MAK that no S-8 will be needed in the future and that WWTBAM revenue / profits wil be used for to fund other projects. Plus some idea of what revenue for AAGH will be for WWTBAM.
PDSS down 96.84% since Last Friday's spike to $.019 a share. Anybody not CONVINCED it was a ploy to get new trader' money. The ONLY traders that made money were ones that bought and sold in that small hour or two window last Friday.
Sorry,
You had to learn the hard way on PDSS.
Karney fools the traders each time he R/S it thinking PDSS is a low floater as the volume stays low under 100K until it goes below $.01 (so as not to accelerate the stock price even lower faster) then the volume accelerates like today as it reaches $.0001 in a few months time. I expect to see some 100 million share days as it reaches $.0001 in a few weeks time then sits there until the next R/S whicould be late December or early January.
Dima,
You're ONLY down 93.61% from your average cost position last Friday. $700 down to $44.73 that is what I call great investing in a week's time frame. Why not stick around for the next R/S so you will really have something to bitch about...ROFLMAO
Taki,
Remember ECCI? You still predicting retribution for that stock? PDSS is eons worse. Don't try to be a hero here...LOL
Another week and another round of "suckers" for Karney to bilk...this time he did it WITHOUT a PR.....ROFLMAO
I wonder if any of the traders from the last week as still wondering why PDSS spiked last Friday....ROFLMAO
PDSS will probably open at $.0015 tommorrow to suck in some more fools...ROFLMAO
I think that WWTBAM will be a good long term investment for AAGH. I think some nvestors miscontrued how much up front cost (S-8 shares with little cash resources) and time it would take to get the ball rolling. As long as investors give AAGH 3 -6 months or longer they should be well rewarded PPS wise IMO.
One difference between AAGH one year ago and now is at least 50 million more shares of AAGH outstanding so in theory it is up 100% from those levels of last year in terms of market capitalization.
PDSS is short for Panic Disorder Severity Scale
MMs sure like to open PDSS higher to get all you traders bluffed....ROFL
Probably have another 1000 for 1 R/S by the end of the year.
This stock has historically had some great % moves but they have always come crashing back down. I do think this is probably a good area to accumulate for the next run. I just haven't bought again myself to replace the 75% I sold on the last runup because I'm not sure at this point when we will get any info on WWTBAM progress in terms of $ revenue which could spark some MOMO....not something along the lines of WWTBAM is exceeding our expectations nonsense. I want numbers from MAK @&^&^&....LOL
AAGH's PPS has nothing to do with the exchange they are on. AAGH balance sheet isn't some great thing of beauty either. It wouldn't even qualify for another exchange at this point to prove your theory.
AAGH has achieved the goal of getting rights to WWTBAM. Until they prove how profitablt this venture is going to be the stock price will probably linger beteeen $.10 and $.20 a share (I do think $.10 is probably bottom UNLESS another S-8)
Han,
You thought they would post a LOSS for the Q and you continued to Hold your 500K shares without selling them and buying back cheaper...or you thought they would have a loss and the stock price would increase?