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Directors and Affiliated persons who own shares of the company enjoy an extra special restricted period. In addition to any 144 restriction that would be in place, they are allowed to sell only 1% of their holdings per quarter.
Should they resign or be terminated from their position, their shares are still restricted to 1% for the next 90 days following said termination.
If they were to transfer the shares to another person, with or without compensation, those shares would be subject to a restriction period of either 6 months or 12 months depending on the reporting status of the company.
So in a nutshell... those 32.7 M shares ain't goin' nowhere!
And neither are those that I've accumulated since the low teens :)
On every transaction involving the sale and purchase of stock, both parties are convinced they are right... one believes the stock will go up, the other believes it will not.
It sounds to me like you are convinced that $SHAR is not going to go past the 3 cents. That's fine. It's your money, you invest it however you want.
I am wagering that it will, in fact, go above 3 cents, and possibly more.
Why you ask? Easy! You stated yourself that the company is looking to raise up to $1,000,000 correct? Now how does a company like this raise that kind of money?
1. Mezzanine financing. Not as easy as it sounds given today's economic climate. Very tough for companies with extensive track records to get this type of financing.
2. Sell Shares to private investors. Maybe. However, with the restrictions on 504's being enforced now, any shares would have to have a 1 year restriction period. Very tough again without extreme dilution. If the company was going to go this route, they would have already.
That leaves us with:
3. WARRANTS. Remember, there are warrants that will kick in when the stock price gets over TEN CENTS per share. $1,000,000 with price of TEN CENTS per share would indicate that the company would only need to produce 10,000,000 shares or less than a 10% increase in current OS.
Anyways, I'm sure you'll have other things to do now that you've eliminated $SHAR as a potential investment. Good day to you sir.
Chris Giordano bought shares in the open market a few months ago. Around 400,000 if I remember right, and at a little above 2 cents.
The registration is posted on pinksheets.com.
This management team is as strong and as credible as any you can find in the OTC markets. I fully expect we will start seeing their progress very soon, as they've been here for just at 1 year.
Remember too that the first 6 or so months was spent cleaning up messes....
Agreed! Volume always preceeds PPS increase. Along with the healthy volume we've seen, we also have a strong bid support, which has been missing for MONTHS.
Bid Side Support UBSS & NITE @ .025 AUTO @ .024
Sell Side Resistance HDSN @ .026 NITE @ .027 AUTO @ .03
As buyers come in to see whats up here, they see support and a nice gentle PPS increase and they will want to investigate further.
Then they see the QUALITY management that's on board. Pat LaVecchia and Chris Giordano bring around $1,000,000,000 in fundings, sales and acquisitions to the table in their careers.
Now add in that Mr. Rosenbaum has now joined the Board of Directors this adds a whole new layer to the management team. He was involved as upper management in SOBE Beverages (sold to PepsiCo for $400,000,000 within 8 years), Skybox Trading Cards (sold to Fleer for $300,000,000 within 6 years) and the resurrection of and later sale of Western Union.
Can you say WOW?
Now contemplate for a moment the acquisition and spinoff of Xi'an Johnson Pharmaceuticals.
We know there is no dilution in order to complete this transaction, so we're still a 100,000,000 AS company. We also know that Xi'an is currently profitable and is growing. See these quotes:
Xi'an Johnson is apparently looking to ACQUIRE ANOTHER COMPANY!!! So revenues will not stay at this $20,000,000 level for long.
Also look at what Management plans to do with Xi'an Johnson.
Let me highlight and repeat the important part.
distribute shares of Xi'an Johnson Pharmaceutical Ltd. to our shareholder base distribute shares of Xi'an Johnson Pharmaceutical Ltd. to our shareholder base distribute shares of Xi'an Johnson Pharmaceutical Ltd. to our shareholder base distribute shares of Xi'an Johnson Pharmaceutical Ltd. to our shareholder base
So, for those of us dilligent in collecting shares, this will be a gift that keeps on giving! Every single share we own will generate income for us REGARDLESS of what the PPS is!
Mind you, once investors realize exactly what is going on here, the number of shares available on the market will decline significantly. Which is ok. I was fortunate to be able to get some of the cheapies here a few weeks ago ;)
Anyways, I'm new to these forums but hardly new to trading, its nice to read each and every comment here. Hope that I can bring something extra to the table to help with garnering more support here.
It appears a new base will be formed in this 14 - 15 cent range, with the next move hitting the "glass ceiling" at 21 cents. Hopefully there is enough momentum to shatter this facade and move past it.
I'd love to see a base of 20 cents moving into the New Year!
With financing arranged by the sale of company shares at $0.15 and warrants of $0.25 and $0.50 the financing company is pretty confident that the share price will find a base above the $0.15 level or this deal would not be profitable for them.
And we ALL know that financing only thinks of profits.
It's pretty clear what motivates investors by how and what they post. ANWM has been a pretty good ATM machine, bouncing around from .008 to .015 on a fairly regular basis.
Based on this pattern I can't blame them for assuming that it will happen again, but there's that X factor here now that was not included in the equation.
The X factor being a rumoured takeover of the shell with an asset allocated for it already.
Should this rumour be a reality I'd say that the days of the low 1 cent range and below are lost and gone forever.
And I'm glad you like the sheep : ) I picked it because it looks goofy hahaha!