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That depends on the reason they miss it, and if SLMU has missed the filings in the past. They could actually get an extension if these things aren't true but they have to file a 12b-25 24 hours of the deadline. You would also see and E added to the symbol SLMUE. I can't find anything that suggest that SLMU has ever had a problem completing it by the requested date which is April 1st.
Did you read it? It was signed on March 10th by John Salamon. Then on the 16th 1.34 million shares were gifted out. So who was the gift too? The payment was supposed to be 85k in Canadian money which equals around 89k in US money. So 89k dollars = .066 a share that was paid out. So basically, he would have got a better deal at the current PPS. Remember two dates, the 10th which was the letter date, and the 16th the day the gift was issued.
That was the point I was trying to make yesterday morning. Sass has been talking from the side of his face for 2 months. He was actually straight up about some of things he would never talk about before. Partially because it was posted on his blog, and partially I think because they know they are on their last straw.
Two points. I think they didn't give a date because they know that it will holds no water at this point. Yeah if reading between the line is in order here, I think we will see the it done by the 15th for one major reason. They have to file it by April 15th. Then the 8k will come out sometime in a few days there after. Possibly the next day. I was going to dump yesterday morning to be honest, but after I read his blog he said a few things that to me signify that it is basically done, and we can check his statements by past occurrence. One the amended 4a that was filed yesterday had a letter of default attached to it. The previous did not, which leads me to believe they are current on their payments, and Sass said as much in the blog. Let's be honest, we are all sitting on our thumbs here, but whats the best solution.. Sell now and lose your ass, wait until the 10k comes out and break even, or hold out and see this thing through for the long haul and make a lot of money in a day, week, year.. whatever. I personally have to much money invested now to sell low. I refuse to bail when if there is any possibility of a merger I know the float will get this thing in orbit. And I believe there is.
Dead today, I guess people are setting up. I doubt we will see a pps increase from now til the merger because people don't want to be fooled a third time, plus we don't have any solid dates. Hopefully you guys can hold the fort for a few weeks.
We do know this for a fact..A share holder can not own more than 5% or it has to be filed on a 13d by law.
Of course he owns shares in SLMU.. but he wasn't compensated by SLMU for becoming the director.
Again 8k filed on Feb 1 2011 - The Company has never granted any options to any of its directors or officers, nor has it entered into any employment or consulting agreements with any of its officers or named executive officers.
Why is this so hard to understand?
Sorry man, once I said that I didn't think I needed to provide the link, anyway here it is. http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=4280374&ticker=ICPR:US&previousCapId=12456694&previousTitle=SALAMON%20GROUP%20INC
SLMU 8k Filed on 2.1.11 - The Company has never granted any options to any of its directors or officers, nor has it entered into any employment or consulting agreements
with any of its officers or named executive officers.
So he could have free trading shares which he is holding. If he didn't have any, why would he be worried about insider trading. That's a no brainier my man.
I posted the wrong company holdings. The filing they are talking about is the amended 4/a that was filed at 1:15 today.
Yeah you are right, I am sorry please delete.
According to the 8k filed on 2.1.11 he is
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On February 1, 2011, Mr. Sass Peress was appointed as a director of Salamon Group Inc. (the “Company”), by the Company’s Board of
Directors.
The deadline on the 85k dollars was to be paid by March 15th as the final payment to John Salamon, the filing happened on the 10th so we can only assume the money had not been paid at that time. The gift shares of 1.345 million were gifted out the day after and was filed on March 24th. Hmmm, they were late and had to amend the 4/a.
Well when you are late on the 10k, you have 15 days to file so.. If you see it filed on the 15th the 8k will be right behind it. If they spent the money, they are going to see this through now.
No trading 101 is investors confidence. That's the by-laws of the whole entire process. With no confidence means no support.
He said, all payments had been made.. What are they paying for then? Come on man.. Shit happens, and when it does it causes ripples.. The people selling now for .07 will be buying again for 10 and you know it.
Someone hits the ask a few times, and the bleeding with cease.. That's the problem. You can't expect people to have hope when it's all sells. Trading 101.
Doesn't matter now.. It's not over yet. Just chill. If people would stop selling under the ask, everything would be fine. It's obvious what's going on.. These people are selling down, and they will buy back at a low pps. The problem is, where is the bottom now?
Honestly if it wasn't for one line in the whole blog I was going to sell everything this morning. Sass "All documents are in order and payments have been made". The one line says everything I needed to know. To be completely honest I thought we could see a delay after the 10k was delayed, but I keep hope that we wouldn't. Now after reading this it offers a real hope of this merger being completed. This one lines says that it isn't a matter of if, but when. That is good enough for me.
It's not unbelievable dude. I think we are at the bottom though. I don't blame anyone who is selling.. This is a disgrace that they can't keep a deadline. The good news is the support level is good, and if no one goes outside of that we will hold around 8-9 imo.
Sad, I own more shares than the amount traded today. On a day when we were supposed to be getting the PR that would rocket this stock into outer space. 123k shares traded? Most were sales and the momentum from the bell never manifested itself again. How's that sound for a stock heading in the right direction. I don't think in my time trading that I have ever followed a stock so closely with so much intent, hopes or even passion. I've tried several times to walk away from it but I only keep reminding myself of the failures of missed opportunities in the past. Sure, I have made more money than I have lost.. Lots more, but I have also missed out on some great opportunities. Some that still haunt me.. But not this time. This time was going to be completely different. I held it in my hands, and wasn't going to let it slip away. The problem is it's not ever really in our hands. We buy on expectations from research and a lot of gamble. It's not fair to blame any one individual for this.. Sass isn't the only one responsible. He is just a piece of everything that has gone wrong. When I lay my head down tonight, I will be asking myself one question. Why do you bother with this stuff anymore? I will answer it the way I always do. I want a better life for my kids. I am not giving it to them this way, effort is not enough.
ARGHhhHHHHH! They have until the bell tomorrow. That's it for me.
I am trying to be positive but it's getting harder and harder. I just can't understand why they didn't learn their lesson last time. I keep telling myself everything should be fine, but I can't seem to get past the fact that they told us that they learned from their mistakes last time in telling us a bad date. Furthermore they wouldn't wait to it was to late to tell us something. SO why are they doing this again? Why is it 5 minutes till 4 and we are still waiting? I am getting really frustrated.
When it's going to be .45 cent in the next 24 hours I wouldn't say that takes a lot of guts.
No I think it's 7 am on the west coast where they are, and they putting all the info in the PR that they want released.
It doesn't say the PR will be released by the 5th.. It says the merger will. The delay this morning says to me, that there is going to be a lot more information in it than just saying it's complete.
LMAO! Duh.. I have a lot of money in this one too. If you can't handle the pressure you shouldn't be investing!
Make yourselves useful! Go spread the word to every board you can find that has eager people who want to make a lot of money!!
Dude its like 500 bucks that was sold off.. just relax.. it's going to move up.
Spread the word.. As much as you can.
Not really depends if they release bad info. Really nothing or good should keep it from plummeting. If they say it's delayed again it will fall.. They won't have any credibility after giving themselves a extra 35 days to finalize.
SLMU - Merger news expected today. Float a mind blowing 14 million. This thing is going to blow!! Get em while you can! This one can blow at any moment. http://sunlogics.com/alliances/
SLMU - Merger news expected today. Float a mind blowing 14 million. This thing is going to blow!! Get em while you can. Don't miss this one. Sunlogics is a monster with huge contracts. http://sunlogics.com/alliances/ DONT BE LEFT OUT!! This one has GWAY POTENTIAL.
I think they learned last time about delaying the PR. We will hear something today. Hopefully it's good.
We are on the cloud. Keep informing people.
http://investorshub.advfn.com/boards/tcloud2.aspx
Looks like blast off city with the right PR. Chart is shaping up nice pre run as well. The float is sick too, could easily be a at 40 cent a share with names like GM and Energizer attached to Sunlogics.
Two orders sitting at 10, then it starts moving... Someone needs to knock that 10k out.
If someone gobbles up some tens right now the pressure is going to blow.
That's just it.. He claims he isn't.
That's what I think he does. Personally man, you need to understand what I mean by him being here. He isn't here to answer all your questions. He can choose to answer whatever he wants, just like I can. It's his obligation to make sure that the filings have the info, not ihub. You need to do your own DD, and quit asking him the questions that aren't filed yet. They aren't filed for a reason, and he CAN NOT give you any info like that. So quit beating this dead horse.