Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
sure hope so..smky presently one of my worst performers since i bought in..thinking about buying more, but waiting for more acquisition news..acquisition will bring multiples, but not as easy as snap of the fingers. my feeling is acquisition or bust. i believe eddie honest and hard working and determined, but smky business is tough road to hoe.
agree..bieb has great opportunity to show up and place his face before millions and establish himself as a major player in the anti texting cause. bieb, if you are serious about supporting this cause, show up!
thx sgr...i'm counting on it and marking this post...i'm long, like many...after certs finalized it's gametime..agreed?
acquisition appears to be of top importance..if i'm "interpreting" eddie's jan. letter correctly, sysco not feasible unless smky acquires a processor to bring costs competetive. several pieces to the puzzle...tough job ahead..glty!!
my major concern is that ceo decides to table mit 1000a production in lieu of waiting for "expanded" mit1500 machine capabilities. that would delay revenue for a company quite strapped for it. i would be quite unhappy if this occurs since we have been primed for mit1000a certs and follow up osi production with established distribution points worldwide.
will keep an eye on ikcc...could be a quick double soon with any decent news.
bank, look forward to your sharing info. holding shares, and always interested in reviewing factual mmtc DD. thx for effort and anticipate good news! :)
Kane a positive addition!! aggressive and ambitious, will keep ceo "dosed" with reality...nice move!
took profits today.zagg great move, and may well continue. will buy below 10, have missed out on two previous opportunities to cash in by not being flexible.
couple dr p's call with smoke em's 1.5 mil bid is likely to have initiated momentum. slew of folks waiting to buy, hesitating for a sign, it came. domino effect...nice bid smoke..care to disclose if you made any additional purchases today? place another pre market and we'll bust .20. thx for several members continued DD.
nobody laughing...tons being lost here..
thx for eforts.slmu .55 and moving..
Guzman won another fight the other night, publicly thanked his new promoter Acquinity Sports. Joan also appears to have grouped several of DR's prime fighters to do a boxing tour. swank was close, just got away unfortunately. cgaq very responsible for guzman resurrection, but apparently no money made and parties moved on. kudos for guzman keeping the "split" quiet.
placed shares at above $2..can't hurt.
slmu jumped over .50! quick!
.40 and climbing...going to be a fun week!
.34 now..you'll have to wait!
good article...think i'll park some more cash with eght...solid!
"Action" didn't take long!! obvious mike m not finished with smlu exponential share price jump. has the makings of a ruthless dealmaker exploiting the solar industry slump and packaging a potentially large deal-MM might make a repeat performance and combine multiple companies on verge of collapse and sell off as tax sell benefits..crazy, but profitable!
Show all filings for DAYSTAR TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro
Form 8-K for DAYSTAR TECHNOLOGIES INC
19-Mar-2012
Entry into a Material Definitive Agreement, Creation of a Direct Financi
Item 1.01 Entry into a Material Definitive Agreement.
Purchase Agreement and Convertible Promissory Notes
DayStar Technologies, Inc. (the "Company") and Sunlogics Power Fund Management Inc. ("Sunlogics") entered into a Securities Purchase Agreement (the "Purchase Agreement") dated March 14, 2012. Pursuant to the Purchase Agreement, Sunlogics agreed to loan the Company $500,000 (the "Loan") for payment of outstanding liabilities and other working capital purposes. On March 14, 2012, and March 16, 2012, the Company issued Sunlogics two Senior Convertible Promissory Notes (the "Notes"), representing the Company's Senior Debt, in the principal amounts of $400,000 and $100,000, respectively. The Notes carry an interest rate of 6% per annum and each Note is convertible into shares of the Company's common stock at a conversion price equal to the consolidated closing bid price of the Company's common stock on the last business day prior to the issuance of the Note (subject to adjustment for certain corporate transactions). Each of the Notes, to the extent that any part of the outstanding principal amount is not converted into shares of common stock, matures on the first anniversary of the date of the issuance of the Note, and includes customary provisions concerning events of default. The Notes provide that the Company can not issue any common stock or securities convertible into common stock in connection with the conversion of the Notes without first obtaining stockholder approval if such issuance would result in the Company breaching its obligations under the applicable listing rules of The Nasdaq Stock Market.
The foregoing descriptions of the Purchase Agreement and the Notes do not purport to be complete and are qualified in their entirety by reference to the text of the Purchase Agreement and the form of Notes, which are included as exhibits to this report and which are incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 of this report is incorporated herein by reference.
Item 3.02. Unregistered Sales of Equity Securities.
The disclosure provided in Item 1.01 of this report is hereby incorporated by reference into this Item 3.02 with respect to the terms and issuance of the Notes. The Company relied on an exemption from registration under Section 4(2) of the Securities Act of 1933 in issuing the Notes. The Company has obtained certain representations and warranties of the purchaser contained in the Purchase Agreement to support the Company's reliance on this exemption.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Securities Purchase Agreement, dated March 14, 2012, between the
Registrant and Sunlogics Power Fund Management, Inc.
10.2 Form of Convertible Promissory Notes issued on March 14, 2012 and
March 16, 2012.
plenty more "action" to come. slmu initial move with no paid promos and few pr's..much more to this story will be revealed.
honda, nice call. "idiots won't be selling at .40"
honda, nice slmu 20 bagger claim..good for you!
honda, please identify the accused paid pumpers and any history they have to prove your accusations,,,you appear to get more outlandish and desperate, but always open to any DD that is factual.
recent blog comments from sass regarding slmu and arise..15-03-2012
Any real product or service delivered profitably? I once had control of over $55million of shares in ICP. Those are now worth under $100,000 at face value, and $0 at “marketable value” (since I passed the title and authority of CEO and Chairman to MM in 2009, the company ceased to operate within months and the share trading slowed to a crawl. In fact many people don’t know that the GM business was originally supposed to go into ICP until MM and the old investors got into an argument about rank of priority of debt).
The OTC market is about “vapor ware”. Kudos to MM for creating yet another great story, and apparently getting even with the ones who double-crossed him. I can imagine that the people at Sunlogics Inc/PLC are scratching their heads about a guy who just won’t go away so quietly.
While I have always stated that MM should not manage the companies he sets up, I give him tremendous credit for creating sizzling stories, even if the most recent press releases have their share of English language grammar issues and extremely smart play on words. The challenge for most investors is that they choose to project meanings that the press releases simply don’t convey clearly. Enough is left to “projection” that permits explanations to SEC reviewers while leading investors on a frenzied search for the “golden egg”. This is the reality of the pink sheet market. (I remember doing an interview with an “editor” in 2007. I said specific words to each editor so that I could trace who wrote what. One interviewer, who was referred to me by the promoters who funded ICP at that time, wrote “the apple of solar” in his article under a different alias. I had only said those words to one editor. That newsletter claimed ICP would go to $34. I starting receiving emails from retirees who had invested in ICP at high levels only to see it become a penny stock again. That incident is the reason I will never lead an OTC company again. There is little reality in what goes on, and its a path of finance for those who can’t get more traditional financing).
I just wish everyone good luck through the wild swings. While promoters know exactly where they are going and when to sell, most others will either be very lucky…or not.
As for Arise, it would appear the secured creditors have done very well IF they got free trading stock at these levels. I suspect the value will come back down if either they graduate to a higher governance market or can’t deliver profits over time. Alliances, directors, etc…are not sustained, profitable business, and in the end, that is all that “real” businesses are valued on.
Congrats to all those that held and sold in the run up. As for anyone who buys at the higher levels, ask yourself what reality will sustain that pricing on a more rigorously monitored and compliance-laden stock exchange. If the answers are definitive and clear, keep investing. If they are not, hold your position or sell, and don’t look back no matter what happens.
That’s the best advice I can give you. Hope it suffices for you and anyone else reading.
Regards
Sass
if you bought a $1500 of MM shares the other day you had a chance to cash in over $100,000 the other day..not to shabby! now, just worth a measly $75k.
well, then it appears mike is indicating that there will be an uplisting event shortly and the minimum $1.00/share is mandatory to achieve slmu goal. 20 mil financing news today should propel slmu past a buck sometime tomorrow. still holding all my shares.
honda, your recent posts indicate you were quite excited when you sold your 3 cent buys for .33, and then again in 40's and finally all sold in 60's. you were privy to slmu pr's and DD and did not stop you from buying and selling handsomely, albeit, if you held you would have potentially reaped greater gains. how come all the negative posts about slmu..possible hopes of reentry at lower price point?
thought we'd get another buying flurry, tomorrow will be an interesting slmu day.
.95 and counting!
sounds crazy..but anticipating 1.25-1.50 share prices before EOD. Mr. Mojo Risin" ...Gotta' keep on Risin !!!'. placed half my shares today at 1.86 so "Walk it on Up!".
i've placed half my shares at $1.86...over a buck higher.. someone is hungry!
plenty of slmu DD available at .015 price...now .86 ....somebody buying bigtime.. think slmu tests $2 soon?
well, let's try the $3 bucks all over again!
bank, i'm long slmu but certainly appreciate your DD postings. i'm troubled by many things and have simply held my position from day one .epic intertwined with mmtc and pinned 2012 biz on mmtc library, not going to happen.
interestingly, i don't feel it is a pump! certainly no pumps earl on, not sure what has developed in last couple days.
WOW!! did not think slmu would reach a dollar today, but slmu intends to uplist and needs to hold a buck minimum. my 80k shares values at $1200 a few days ago sure looks sweet today! set sell orders at $1.50 folks...pattern here, someone continues to buy and buy prior to trading day closings!
slmu plans for uplisting and needs minimum $1 plateau..someone is buying and will carry this to a buck...soon!
slmu...$1 here it comes!
wow..just returned from out of town trip, read reverse merger news and checked price...up another 100% since leaving last thur..very pleasant surprise!