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Why do i even need to respond to you?
All 10Q numbers are unaudited.
http://en.wikipedia.org/wiki/10q
Here is citibank 10q, also unaudited. Why? Because 45 days is too short to get audited, it doesn't mean you can post fictional financial information
http://www.sec.gov/Archives/edgar/data/831001/000104746907008376/a2180583z10-q.htm
make a dent? How do you think we stayed at .02? Without those buy we would go to a penny already. Those buybacks are not supposed to boost the stock. And who keeps buying? Do you seriously think that longs still have money? Aside from BMAS, we are all done.
tturner,
It doesn't matter if the company accumulates more than the float, because they already did. If the short naked more than all the float, then they have to use the market to cover, just simple as that. For example, the Co. bought 100m, 13G people have 80m combined, the short has 300m naked. So even if they make a deal with these two groups, they still have to cover in the market. What they do is they limit their loss, that's it, but they cannot run away from covering from the market. Now all of the above is taken under the assumptions that the company is even making a deal with the short. And forget about the SEC in the beginning of the covering, what Soapy said was that if they still cannot cover, then SEC will kick their ass after, not before the covering.
you don't know what is the term of RME financing, so dont make any speculation about bankers involved. If you really buy into what Carp said then it's really up to you to believe. Do you seriously think that if there is a bank involved, spng wouldn't be so happy to let us know?
20% of 40m is 8m, and metter said it's more than 7m, so it's around that figure.
It seems like you don't understand the problem.
If there is 300m shares naked and 200m outstanding. In the system, it's all shares, doesn't matter if naked or real. So there is 500m shares total, and they are 300m short. They only have to buy 300m shares to cover, so anyone who doesn't sell, too bad for them. So any of the idiots out there who keep yelling "im keeping my shares forever," that's the warning, get in for the time of the ride, or you get stuck in traffic and cry about it.
Why would Doug's lawyer has anything that controls spng? The guy may help Doug or give advice to the mgmt., but he's only a lawyer.
Perhaps you and whiplash need to cool down on the idea of cusip change and stock dividend.
Remember that if it's just as easy as a cusip change to combat shorting, every company with short problem will do that already. We are not professional nor lawyers to shed light on this subject, so do not think a permanent solution is like 1+1=2. However, we can think it logically which will eliminate either dividend or cusip change as possible ways to eliminate short. I will reiterate Doug's point on this, please don't think you are smarter or more knowledgeable than 6+ lawyers plus a bunch of investment fund.
A stock dividend will not work, if you don't understand then read alfie's post. There won't be a forced accounting of shares, the brokerage will simply give more shares if they cannot find ways to cover.
A cusip change requires a lot of work and legal hurdle. The SEC will ask why do you change your name? What is the problem? And then they investigate on the matter, which you know how slow the SEC is. The process will take a long time, while we are under attack by short.
Don't advise people to get cert, since it's pointless. So what if you prove that you have the shares? If you are an individual investor, no short will come to you for covering, and you are wasting your time while endangering yourself of not being able to sell if there is anything happens. You have to be open to the possibility that bad things may happen.
why would they offload it at .0239?
http://www.otcbb.com/asp/Info_Center.asp
Go to LII for SPNG, sale 2m shares at .0197 while the bid is always at .0215 from BMAS. If you still don't think this is manipulation, then you have no brain.
what do you need for truth? an 8k?
just let him say it, he wasted another free post.
and then they buy those shares back at bid, which is higher than discount? Please, what you said don't make sense either.
yep, people on mb really just want it to be in an 8k to be convinced.
can you even think of something that makes more sense? Would it be better if they wait until the pps go up, then dump, they get more money that way.
naked short,
Told you. Now if you guys can't even guess who BMAS is then it's really a shame.
yeah, if the OS is actually 200m, then it may even trigger covering, since the EPS will be 4-5 cents without any P/E
doesnt have to find a friendly MM, if you pay the fee for their service, anything is possible.
why don't you ask the co.? Instead of asking us here, we all speculate.
my reply to that poster is about share retirement, since people read too much into things, asking unnecessary question like if there is no cert how can they retire their shares, then lose sleep over it. Instead, pick up the phone, ask the co., then think about their answer if it's genuine or BS.
I don't really care if either of them has cert or not.
I think you read too much into what he said. 10m or 11m it could be anything.
And you have not a clue how revenue will pan out, since you don't know everything that they know. Just don't read too much into anything. If this qtr revenue is 10-11m, then that leaves about 30m for the 2 remaining quarter. That's already double.
My advice, don't read too much into projection, then you will drive yourself crazy.
that's what Alfie said on yahoo, then people on this board get all riled up about the company took advantage.
This is the lesson, read everything people wrote carefully, digested it, analyzed it, then get crazy.
FYI, the co. did exactly what you said, according to alfie, that they repriced the securities to 4cents, making it 79m shares @ 4c each. What does it means? It means they repriced around 170m @ 2 cents each.
Remember, the RME shares have all kinds of different price where they were priced at, so 4c or 2c is just an average if any of you out there wants to nitpick detail.
who's buying up all the shares? BMAS? I don't have L2
we don't know the mechanism of share reduction, so don't make any speculation about cert or no cert, alfie group never said they have their shares in cert either. Those 13g forms only states their position publicly, not saying that those are in cert.
We just have to see the whole 10Q shall we? It can mean they turn those shares into some kind of higher price securities that reduces the share count.
Remember, Alfie said the company doesn't have to pay a dime to achieve the effect of lowering share count. It can mean they eliminates the 40% discount, which also will make the average purchased price higher.
If they actually eliminate that 40% discount, there is no more discussion about their honesty, isnt it?
see this kind of nitpicking detail that's really annoying. You heard the info from a guy on the mb, take it as a grain of salt. How much worth? How the hell should he know. The Viacom deal they have said many times they gonna start ship it starting 2009, so it's not that surprising.
I said it since BMAS started buying hard 3 months ago. Here is my take, and of course, it's only my speculation, believe it or not is up to you. I think the news today is good, but apparently people are just so annoying and nitpicking every single details out there.
BMAS never let the stock went down below .02, if the stock goes down, it's only for a very short period of time. And especially when the stock went down to below .0185, they pushed it hard back up. If it's only an investor, even institutional investor, does it make more sense if they wait until it goes lower? Because then they can buy it for much cheaper. note the strike price where they hit it hard, what does it look like and what does it remind you of?
Remember when we had our low at .0173? It's only for like 5-15 min, then we have a great push back up and end with like 27% gain or something like that. Then last week too, they pushed it from .02 to .0239.
who BMAS is seems pretty clear to me, you guys just need an official statement like in an 8k to be convinced.
what guys are scumbags? Bill Gates isn't, Mark Cuban is just foul mouthed, i dont know about Larry Ellison. About insider trading, i really don't give a crap. The SEC worries too much about insider trading while ignoring too many systemic flaws.
he's never an angel, people just assume him to be. But is he disgusting? Just because of a lawsuit, doesn't mean it's true. If anybody with a lawsuit is disgusting, then all business men, even the most respected ones, are scumbags, including Larry Ellison, CEO of Oracles, Mark Cuban, Owner of Dallas Cowboys, and Bill Gates.
yeah and he bought them for cheap, didnt he?
he didn't flip on anything, people just assume that what he said is an os increase. What he actually said was that "it will not be surprising if the os is close to 950m, since thats why they raised the A/S for." Then he even elaborated after Wadi asked him further "Dont take anything about the O/S as positive or negative, I'm merely adjusting expectation." He may know about the O/S, he may not, but he said don't be so alarmed if the share count is a bit higher.
I guess idiots just want him to spell it out for them that the O/S will be XXX, which even if he knew he won't be able to say it.
that's not what i think at all, lol. Nevermind then.
and yet people still dont understand who BMAS is, it's just so clear to me who they are. I guess people just need an official statement.
Fear always is more effective than trust. It's just human nature. So they read the crap from the bashers with the stock going nowhere, they will lean toward the bashers the more they read.
I don't doubt you, just that there are tons of people who read this board and don't post. Giving the bashers ammunition will just make them keep popping up on radar of those people.
have i replied anything to them since? No doubt in the past i have my frustration so i replied, now i just ignore them and then they just dont show up on my radar. They can't affect my emotion nor the information i need.
ihub for one, and finance yahoo is 2.