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Still a few bailouts to content with in the morning. Longs are strong and waiting.
Penny this week after we break out of the sevens.
Pr's used to come out on Thursday before the price collapse.
It will be up to the 500 folks now. Anybody's guess.
Lets look for a penny by weeks end.
Waiting for finance 500 to make their move?
Be nice to see green today.
Waiting for the last of the drop outs to sell. Then there will be a rush of PRS maybe before the RS.
We will see a run for .04 or better. Remember we saw .20 at the beginning and .19 a year ago. Just my opinion of course.
Go CPSZzzzzzzzzzzzzzz
Closed green. Every day just a little green.
Maybe over a penny soon.
We need some positive new real news from Management.
Projected total kiosk count and potential revenue would be good.
Go CPSZzzzzzzzzzzzzzzzzzz
Really a nice change to read positive and interesting posts.
Green day to boot. Go CPSZzzzzzzz
They have to run us up to .04 to make $4.00 for NASDAQ.
Maybe split first then run. We will know soon is my guess.
From Lomonaid to Koolaid.
Koolllllllllllllll
Green morning! Penny next week.
Go CPSZzzzzzzzzzzzzzzzzzzzzzzzzz
Jack, You sum it up pretty nicely.
Thanks
Nice to see a positive post here at the end of a tough day. We will fly.I feel confident of that. Ron has sold and will keep selling taking on bigger and bigger challenges. It may take a while. After a split $4.00 looks pretty far away but it might just happen.
Lets hang tight and watch and see.
Love it
About 75,000 invested in CPSZ today. Somebody must like it.
Bell must be off making his 5 or 6 k for the day or we would have heard more from him. DR has pretty much dominated with his constant "he's lying again" deliverance.
I'll just hang in. Bought a very small slice more today to put in my Kool-aid. Maybe we should call it lemon aid for few days here.
I couldn't get it to print but here is a recap of items voted on.
All 5, majority voted of yes.
1. Increase from 1,000,000,000 to 2,000,000,000 shares
2. Name change to General payment systems
3. Authorized preferred stock at $1.00
4. RS 1/100 outstanding 1,000,000,000 shares
1/20 new 1,000,000,000
5. 118,000,000 shares pre-split to management and consultants.
My friend went to the meeting and sent me his notes.
We attended the meeting and it was quite informative. About 50 people were there, and the formal meeting lasted about 1 hour.
They passed out a voting ballot for all stock holders of June 14 and earlier. We were asked to vote on the items on the ballot.
I've attached a copy of the 5 items on the ballot. After a brief waiting period, they counted the "for" votes on each item and all passed with almost 100% "for ". At this point they stated that all 5 items are effective immediately, but it may take some time for it all to be processed and executed.
The president, Ronald Hodge, and his Brother Gregg did much of the talking.
They are both salesmen, not technologist.
Ronald made it clear that it is a "critical transition" in moving into the newly named company "General Payment Systems" and there will be the need for a greater technical presence in the company. It was not clear to me whether they had already started to increase the staff to accommodate this or not, but it was certainly clear that this "critical transition" is necessary for the company to grow in the way they wish it to grow.
Item 1 in the ballot authorizes them to issue up to 2,000,000,000 shares rather the 1,000,000,000 shares currently authorized. They explained that this does not dilute the stock to the share holders, but merely allows them to issue more stock as they work toward
recapitalizing the company.
They emphasized that by going from Prison Systems to General Payment Systems, they open a very large opportunity to serve the many "window " payment systems that currently exist around the country. By that, they mean payments that are made at a window like marriage licenses, traffic ticket payments, DMV , court payments, etc.
Their position is that if they can locate Kiosk's in places that have window transactions and if they can sell the idea that the kiosk is more friendly to the customer, more time efficient, more cost effective, etc,etc., then they should be able to take advantage of a claim they make that there are $500,000,000 transactions via "window" payments made each year. and they should be able to build a business model around the idea of capturing some of that business.
They pointed out that most broker dealers won't deal in penny stocks, and that is one of the reasons for the 100:1 split.
They said the in order to go public on Nasdaq, the stock must sell for over $4 per share, there must be at least 400 stock holders, and the company must be worth over $4,000,000.
I will post the 5 notes separately.
Lets see what they say in the meeting. We will know pretty soon.
Pretty slow start. Waiting for the meeting review.
I like that Penny. 750 more is quite a few before the split but maybe. Anything is possible.
Maybe only a 10/1 for us working folk that have supported and paid for a portion of this operation for the past 3 or 4 years would be nice.
Anybody's guess what tomorrow will bring after the meeting.
Wednesday should be an interesting day.
IRVINE, Calif., July 1, 2013 (GLOBE NEWSWIRE) -- Continental Prison Systems, Inc. (CPSZ) - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that it has increased its average daily kiosk inventory consistent with market demand and the company's ongoing growth initiative. The increase better positions the company to deploy more rapidly into its expanding municipal lines of business. Additionally, the company has increased staff to support current and expected kiosk demand.
"This inventory surge greatly improves our ability to support our channel partners as they continue to penetrate the markets and shortens the sales cycle," stated Ron Hodge, CEO, Continental Prison Systems. "By maintaining a larger inventory, the company will be able to launch new accounts in a shorter period of time which helps our sale professionals in closing those accounts. It also allows us to provide a near immediate solution to the market when the need arises and allows us to deploy without delay so that our technology can be attached to any new ERP (Enterprise Resource Program) installation that is currently in progress."
"We are now looking at the sales cycle and history in volume and trying to predict the market demand for our kiosks based on past sales success ratios," Hodge added. "And we are also working on some new design innovations that should increase our ability to further penetrate the vast municipal market."
This sounds like a real success story to me. I just hope that Ron includes us in the story. 10/1 for all.
Maybe at 'T" shirt at the meeting.
"1 for 10
for all
Go CPSZ"
Be sure to listen to this. Wait for the last part of the show when Ron is interviewed. It's an excellent review of what CPSZ is all about and it's going to be huge. Interesting to actually hear from Ron Hodge in person.
Thanks Ben for finding this.
Thanks
Lots of talk and no action? Where were the fins posted?
I love it. It is ringing in my ears . The clear bell tone of a days bright ending..
Hard to believe were are going into the meeting under a penny. Time is running out. Not even a PR today Thursday. I guess we will see what happens.
Must be a partnership in the works that is holding up the news.
We will find out next week for sure.
There are a lot of folks that have invested in your Company over the past 3 years Ron and expect to treated as partners also.
We will support you but only if you respect our investments.
Lawdog, Maybe Fermec will pass along your comment to management.
I am sure he is still reading the board.
Your sentiments are mine and many others I am sure.
DR have some kool Aid for a few days. Why not?
This is great company and those that hang in will be rewarded.
Go to the meeting and tell the man in person what you think.
Why tell us every other day.
Lawdog great post.
Thought there would be some powerful pr before the meeting.
Maybe a PR tomorrow.
Like to see at least over a penny for the meeting.
I love it.He should have. Bell knows ALL.
Wish you were right but I doubt it. Maybe not 100/1 but it will most likely happen.
Seems reasonable.
Just waiting for the morning opening.
Lets look for a PR that gives us a little push up.
Selling is not on my agenda. Been in for 3 years, have well over a million and plan to stay. Just thought 10/1 is fair and 100/1 is way out of bounds to those that have helped buy kiosks from the start. JMO
Lets have a vote. I certainly do not support a 100/1
Maybe a 10/1 is okay.
The third link down looks really first rate.
This will be huge when it all comes together.
Thanks Lawdog. See you Monday
I'll be happy to close green.
and then green up to the meeting.
After that is anybody's guess.