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So, just thinking outloud here. This Alvarez guy picked up this shell in March of 04, increased the A/S, then issued himself a crapload of shares so he then has controlling interest. My guess is around 75M - 85M shares. It is still unknown if the preferred shares were ever converted or ever will.
So that explains how the O/S increased to 134M, and might also explain why some are dumping shares not knowing why the price went up. Still unknown is who incorporated Haley's, or what details make up the merger here.
Does that pretty much sum it all up?
Yep, your absolutely right. I posted that before reading the whole doc, sorry. Next time I'll read throughly before I share. My bad.
Does not look good folks. Harold R Alvarez, AKA Robert H Alvarez, sole director of Adpads
http://courts.delaware.gov/opinions/(ynqir055rnexxybrecw2ny55)/download.aspx?ID=94860
The default judgement has been denied, but this guy is shady at best.
GLTA
OK, what has everyone found out? Any Idea who Robert Alvarez is?
Authorized shares increased to 500M 6-17-2004.
Current O/S 134,491,474
Done, I know I feel better, u? lol
I expect this to run hard today. Even more so if they publish the names of the BOD soon.
lol Guess your glad u talked yourself into it. :)
Thanks!
Ironically, the chart setup has changed since then. Wanna post an updated chart?
I do see the resistance in that post. Of course the PPS was much lower, and the accumulation has been much higher recently....
Just curious how the latest trading may have affected the resistance. :)
You keep saying 012 and 015 are resistance, can you point those out on the chart?
The L2 changes every hour or so, I cannot believe any resistance shown there.
I'm thinking two more days of churning..... or a close @ 011 & 0115, the macd will cross. :)
Good point, I guess I over read that statement. Still wish they would have put officers in the incorporation doc's..... May not be unheard of tho. I imagine the casino owners like to stay out of the public records.
Just for fun, I googled them. lol
http://www.jetcafe.org/npc/gambling/casino_owners.html
SHCM should never be compared to CSHD. lmao
No one here is promising $15 a share and printing that in SEC filings....
Fell free to delete all posts pertaining.... :)
The startup costs in that PR seem way low to me. How do you buy land, build a casino and furnish it for $2M?
Gee, if it's that easy I'm in the wrong business..... lmao
Could be, I would guess whoever incorporated Haley's already owns those shares. Question is, is this a real venture. I plan to contact the TA tomorrow, it will be interesting conversation if they will talk.
No, and No R/S
Amazingly, scams do run harder and farther than real operations :(
This could be a very good play, awful fuzzy in their statement so far tho. I think we need to know where that majority interest is first and foremost.
Looks as tho we think alike. lol
I would expect them to move their state of incorporation to Nevada, and increase the A/S. Just a guess. But it is interesting that there are more preferred shares out than the A/S will allow to convert. Of course, it is always possible the shares to BFFI have been cancelled..... but I doubt it.
On December 6, 2001 the Company completed the acquisition of 100% of the outstanding common stock of BFFI in exchange for shares of the Company's Common Stock and Series A Convertible Preferred Stock. The Company issued a total of 18,800,000 shares of Common Stock and 4,783,333 of its Series A Convertible Preferred Stock to the shareholders of BFFI. The transaction was accounted for using the purchase method of accounting and, accordingly, the results of operations of BFFI have been included in the Company's consolidated financial statements since the date of acquisition.
As of April 30, 2002, 49,291,474 Shares of the Registrant's Common Stock were outstanding
NOW:
As the majority of the issued and outstanding shares of APAD are represented in the Reverse Merger plan, it will not be necessary to obtain prior shareholder approval, and, therefore, a proxy vote will not be needed to effectuate this transaction.
So, I am guessing someone has aquired the majority of the 50M outstanding shares. Hummm, wonder who. lol
From the latest 10Q, (Jan 03)
The Series A Convertible Preferred Stock and the Series B Convertible Preferred Stock (the "Preferred Stock") are convertible into shares of the Company's Common Stock at the rate of one share of Preferred Stock for 120 shares and 400 shares, respectively of Common Stock. The Company has less then 700,000 shares of authorized and unissued Common Stock and therefore, the Preferred Stock cannot be converted unless and until the number of authorized shares of Common Stock is increased significantly or unless there is a significant reverse split, both of which actions require shareholder approval. The Company intends to seek shareholder approval of a one for 40 reverse stock split as soon as the Company can prepare proxy materials and have them reviewed by the Securities and Exchange Commission. If and when the shareholders approve the one for forty reverse stock split, the holders of the Preferred Stock will be able to convert their shares of Preferred Stock into Common Stock at the rate of three to one and ten to one shares of Common Stock for shares of Preferred Series A and B, respectively.
They did make up their standings in CO from past years of deliquency
http://www.sos.state.co.us/biz/BusinessEntityDetail.do;jsessionid=0000tkjajRwKGufhNnJhQMLzy8z:11nm16ef4?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&masterFileId=19991177892&entityId2=19991177892&srchTyp=ENTITY&fileId=20001057159
ID Number: 19991177892
Name: ADPADS INCORPORATED
--------------------------------------------------------------------------------
Registered Agent: JODY WALKER
Registered Agent Street Address: 7841 S GARFIELD WAY, LITTLETON, CO 80122, United States
Registered Agent Mailing Address:
--------------------------------------------------------------------------------
Principal Office Street Address: 9992 SE 151 st Place, Summerfield, FL 34491, United States
Principal Office Mailing Address:
--------------------------------------------------------------------------------
Status: Good Standing
Form: Corporation
Jurisdiction: Colorado
Formation Date: 09/22/1999
Term of Duration: Perpetual
Annual Report Month: August
Corporate Stock Transfer, Inc
3200 Cherry Creek Drive South
Suite 430
Denver, CO 80209
Telephone (303) 282-4800
Fax (303) 282-5800
Email: info@corporatestock.com
Pinksheets has info from many years ago, an updated share structure will be important.
Haley's Comet Casinos incorporated 12/5/07 in.... you guessed it...Nevada :)
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=AXSD2K%252bbNKXz9oKanBeH0g%253d%253d
lol
Actually, it didn't and I couldn't be happier. The 008 support held just fine. Goes to show the charts can only guide, not predict. I even placed an order in @ the 008 support, it didn't fill either. That shows I wasn't the only one sitting there, ya think? :)
Better tomorrow I think, the chart could be setting up for a major move, imo. Churn here for a couple more days and it will form a cross I believe. Any comments?
You obviously don't understand this business concept. Keep thinking, maybe it will come to you.
I don't believe this shell is for 'sale' as in a typical RM
The share structure here is irrelevant. It will have no effect on the acquisitions to take place as long as those acquisitions are not to be paid for with shares. :)
It is not a complicated concept really, Frank eluded to this being used as a freeway to take companies public. Those companies could be spun off with their own share structure not relating to WNSH.
Not an 8K event, best to just keep the settlement quiet.
If you get caught doing 90mph in a 25... plea bargin for a muffler violation.... best not advertise it. lmao
wow, I missed that one. thanks, this is the best news imo. No more worries about fines, eggshell filings... etc
Positive note: He is no longer saying anything about negotiating with the SEC. :)
I agree, the chart only shows the possibility for lower support. The 008 support may hold just fine. :)
Today was to be expected after Friday. I had my order in @ the 008 early, moved it @ lunch to 009 cause I wanted 'em. lol
I hear dat. :)
Some don't like the thought the price may go down. It is a reality, believe in the chart. I am not able to flip like alot do because I'm not watching the L2 all day and don't have time to daytrade. I usually pick a point in the am to set buys/sells and it has been working rather well. We shall see if I get some 6's tomorrow, if not oh well, I still have plenty. :)
It is also very distracting to take a few minutes reading the board thru the day just to read people whining about how others trade. :(
TOU should include a no whining clause. lol
I think I will sweep up some dry powder just in case those 006's are available. lol
I would have to drop the BS card on that one. If no one is selling @ the bid, the MM's won't fill my order. In other words, if there were no buys placed at bid, the price would fall. I don't buy enough to force the MM's in any direction. lol
So, I should be able to buy more @ 006? Sounds good to me. :)
Tears and tantrums won't work, I think the MMs feed off of those. lol
There is plenty of time for this to trade sidways here. BTW, any word on the contact list of shareholders able to request share structure? That would be a move to build future confidence imo.
I picked up a few more :)
Ditto.....
There is an echo in here.
Just wondering how many of the doom town cryers have a financial interest in SHCM......
It appears the OS=AS. Is that right?
I took a few. :)
It would appear, the games start early this morning. :)
Which way will it go.....