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Anyone know what happened to that 66 million bid support? LOL, this same pattern has been seen during the last "boost dilution storm".
Well according to their own statements, no money is available to produce a working model for the AC. I have spoken to star rotor and they haven't built nor will they build the AC unit, they will only supply a compressor. Absolute Graphics technologies says they know nothing about the AC unit. The companies own filings says there are zero employees, other than execs. And finally, past history shows that they did abandon their first "blockbuster" technology in the real paper inc. Also, intellistick went nowhere. Past is prologue, is it not? If anything I have said here is not accurate, please show how. TIA
I have supplied Facts for all of my opinions. However, nobody here knows all of the facts, so there are never any sure calls. But, I can say which opinions are more likely to be correct, based on those KNOWN facts. And the opinion of a much lower PPS is better supported by those KNOWN facts.
I have said time and time again, some "opinions" here are just not based on facts. Those were the ones I referred to. IF you supply a set of facts to support the opinion that you offer, well then, that opinion is certainly welcome , IMO.
This company has zero operating capital, they use free trading shares to pay their bills. To make matters worse, there is no production of a working model of the AC unit. Everything is pointing to abandoning the AC, just like they did with the real paper technology. The name change and the increased AS to purchase something else just about seals the fate of the AC unit, IMO.
Take a look at the five day chart, this is how it will continue until at the .0003 or lower level, IMO. No contratictory statements from me.
less than 90 days ago the cash on hand was $945 dollars, the deficit was nearly $3 million dollars. The cost of buying that "revenue" was too great IMO. Creates another $10.5 million debt. The time limit to raise a CASH payment to the last purchase is 24 months. You can bet that NO AC unit will come prior to that time, it most likely will be abandoned, and that also means that the new stock will be dumped on to the market within that time period also. This company is killing the PPS of their stock, and that's all that matters to retailers.
Then that must fortell a rather short lifespan for the company, as those shares must be used to stay in business, NO CASH IN THIS COMPANY.
You may want to talk to star rotor, and AGT. I have done so. And I can find zero evidence that ANY work has been done on building a prototype AC UNIT. The only thing that has been built that I can ascertain is the fifth generation compressor by star rotor. Nothing in the way of a working AC unit utilizing that compressor has been built by anyone that I can discover. Now, see if you can do better. Maybe the poster who claims to be fred's friend can get fred to disclose who is in the process of actually building one.LOL.
Identifying the trading range now with the new dilution is critical for any trader. It is my opinion that the short term new range is going to be .0003 to .001. That is based on the previous range, (.0007 - .0022), during the less than 1 billion dilution which according to reports from the company were supposed to be all in by now. Fewer traders will participate, and the ones that do will be quicker to sell any rally before boost makes their huge dumps. For a trader, I would only buy once it dips below .0005.Jmho.
gee guy, please give a few solid reasons for your calling a "bottom here". TIA
And that answered my question......HOW?
Oh, before I forget, has anyone wondered why good ole lennie and fred have not let shareholders know what's going on with the "dispute" about the failure to honor the license agreement with the university? Just asking.
Looks like the ole boost dump starting up again. LOL Heads up traders, IMO they will tank this to .0003 before letting up.
That question was purely rhetorical. I know the answer, having already spoken to all three entities mentioned.
star rotor is not building the AC units, AGT has not built any AC units using the star rotor compressor, aquastar has zero employees, other than marketing, consulting and financial execs., so WHO is building the AC units? Just asking.
Good, I'll check back after the last round of dilution. Maybe then if this is still a "going concern" as stated in the company financials, I will at least think about taking a position, maybe, possibly, or not..LOL.
They will, but the trading range will be Much lower, and the sell button sell be used quicker.
What amounts the insiders hold? I nearly spit my coffee when I read that! IF the insiders hold anything, it's their paystubs after cashing their HUGE paychecks compliments of greenbacks gained from the sale of common stock to retailers.
Oh, and as someone who has experience in international manufacturing, you certainly do need employees,(from home base),to go do the set up and supervision, not the locals.
yes, well you have an excellent point. Why do you suppose that lennie isn't on to that? You know $9.5 million would go a LONG way in realizing success if it was applied in that manner. Have you seen any PR's saying this would be the plan? Didn't think so. But instead, we have sutimco. Go figure. Like I have said before, lost focus on everything except their own paychecks, Just My Opinion.
In that case, aquastar would be needed for ,,,, what?
The compressor was built at star rotor, aquastar is SUPPOSED to be commercializing it, as in building AC units using the compressors and selling them. That takes money and employees does it not? Just asking.
The 4 billion shares are to raise $5 million dollars, which is the cash amount needed to complete the suti purchase within 24 months. That's the timeframe for the dilution,,and it will kill any stock pps rally, as the past has shown.
Couldn't help noticing that you took today off on posting, maybe you are thinking this thing out. If so good for you. As you mentioned in one of your last posts, yes I did post about the building of a fifth generation compressor and was optimistic that this would be the one. The compressor is 12 inches long by 15 inches in diameter. It is capable of producing a pressure ratio of 6:1, while processing 205 acfm at 6,000 rpm. To date, the fastest it has operated is 3600 rpm with a flow of 129 acfm. Running without liquid or oil injection, it reached >80% energy efficiency at 2800 rpm (see plots below). This is a substantial increase in efficiency over previous generations. It comes from star rotor inc. they are the ones who actually own the patent and built it. Here's the link to it.
http://www.starrotor.com/Compressors/FifthGenerationCompressor
I have now lost faith that the AC unit will ever be developed.
Reference fred's own words that they needed to raise capital for it, but at the same time are spending their money buying sutimco.The fact that they didn't say, yes we are raising the AS but the money is going to production of the AC units, tells me they are NOT serious about ever completing this job.
From the last filings they have zero employees working on it, enough said.
Haven't diluted yet?????? Maybe you don't recall when this stock was trading at over .02. Or maybe you don't recall when it seemed a buy at .005. There was plenty of "good" news PR's out, but the stock still tanked all the way to .0006. That my friend was the effects of DILUTION! Those 960 millions shares worth. Now you WILL see 4 billion shares more comming soon. Oh, and in just my own opinion, the execs. from the ceo on down, are just concerned with ONE THING, getting their paychecks on time, paid for by SELLING COMMON SHARES CREATED OUT OF THIN AIR.
I haven't insulted the investors, just expressed my low opinion of management's recent moves.
Let me take that one. I, for one, am and have been doing DD here PRIOR to maybe putting money here. Isn't that the way it should be??
I did have some degree of optimism concerning the development of the AC units. But, good ole fred rogers in his shareholder letter points out that the company is "still trying to raise capital to manufacture the prototype". And in the same letter he states that within 24 months, they will have to pay 5.5 million in CASH for the acqusition of sutimco. Along with of course much stock. It's become clear to me at least that the new "diversified" company is really just a company that has lost focus on the one real product that could have been huge. Look, they could have increased the AS and said all proceeds will go to the production of AC units. That would have been encouraging. No, it is clear to me at least that no money is really going to be pointed in the direction of building the AC, but instead to pay for sutimco. That money could have done a lot toward production of something "real". Just my opinion.
Look, they already have a history of "destroying" their stock PPS. And they have a history of abandoning one of the namesake techologies, that was the real paper display technology. So my guess is they are doing it again, and I would bet that ole lennie hasn't yet missed a paycheck, and probably neither have the good folks at boost marketing. Do I really need to go on?
more than likely the newly authorized shares will all be treated just like the last batch that was created and used as payment for debts. They are FREE TRADING SHARES, not restricted from any time frame or price range. You can bet that those receiving them will trade them until the pps becomes so low as to be worthless. Then the company will put out a PR saying how great it is going with their newly named company and as soon as the stock rallies, those FREE TRADING SHARES come back and down goes the PPS. We have seen it time after time in the past. The difference this time will be the trading range, IMO between .0003 and .001 at best.
For you who don't understand the consequences of the newly authorized 4 billion common shares, unrestricted. The company, suti, will use them as payment to creditors, and the company is in plenty of debt now. They will use these shares to pay boost as well, since the company has NO CASH AT ALL! Now see what happens when these shares are recieved by these creditors. They will as they have done in the past, sell INTO ANY RALLY....ALL DAY LONG. That will keep the stock from going to da moon kids. You will soon see a different TRADING RANGE in case you want to be a flipper. The past range was from .0007 to about .002. The new range in my estimation will be from .0003 to .001. So sorry if you are offended by my opinion of what is happening to this company.
obi, here you go, happy reading, and this is OT about the company;
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=3qx4hm2n442ri3%252fWAZJXGA%253d%253d&CorpName=SUTIMCO+INTERNATIONAL%2c+INC.
Yeah, I read it. Said increased FROM 960 million commons, to 5 billion commons. And they will IMO out of necessity be paying boost with some of those.
Well I know what they were in the past, and I know the company had exausted their supply to pay boost. And now with a fresh batch of free trading shares, I would think the relationship will go forward with at least as many shares per month if not more.
And just wait until the company releases the share count going to boost in the comming months.
suti is a great company as outlined in their own PR's.
Yes and ed's last job listed this as his responsibility;
Conducted sales strategy development, business reviews and marketing promotions to align interests with major world-class distributors such as Cardinal, McKesson, Henry Schein and PSS to serve physician office laboratories.
That seems to fit in with the "marketing" going on here, LOL.
And note, no real experience with MANUFACTURING of hard products such as AC UNITS!
You be real, the latest financials show 0 employees in the aquastar inc. And there has been 0 dollars put into anything other than marketing to various brokers and market makers,(though boost). As I said earlier, IMO this is just a funnel to fill the bellies of those greedy fat execs.
They, didn't dump boost, and the DID AUTHORIZE AN ADDITIONAL 4 BILLION COMMON SHARES! Not such a great move.