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Got you. thanks gold.
Totally agree about the fake spread... believe the lil volume we just got was just NSS jerks re-positioning though.
I think Monday is optimistic but hope you are right!
Rook... just allowed popups on this site to see what this was all about. I get:
"Website is not yet completed,
will be completed by Thursday"
DD shows that their new site designer is based in Lebanon. Over there it's now FRIDAY. Not good.
I do like the rewritten Mission Statement but SLJB should have told their new web guys to publish a COMPLETE web site. Sorry to say that this one looks like anything but a co that would do between 300 mil and 1 billion this year.
SP... yes, but same as last night, What do you make of this odd part?
"22.10.2006
Updated financial statements (06) now available to view as PDF documents "
Date format (rest of world) is # from above (U.S.) which reads:
"10.11.2006
New website filled with new content now online. Our blog will be online "
Iggy? Nah. BAN LIST is where you belong, based on the hundreds and hundreds of your repetitive posts here.
This is a good stock that is HURT by your kind of pumping. I wish the mods would understand this and act accordingly. The drivel and banter goes both ways.
Based on what? Thanks.
Lunch time not necessarily bad for PRs, often quite the opposite.
I don't see a NSS problem here either, just not supported by the kind of trading I've observed.
I don't get it, just no interest at all, lotsa hype and no verified revenues/numbers, I guess.
Nice post wes
Less than 7K worth traded on big news for RMDG. Ouch, no fun.
From Porn... to Education... what's next for AWYB? Ah yes... logically Don should now be running for US Congress. After all it is what we call the American Way.
Just an observation from a (screwed, educated) long here LOL.
Q earnings are usually done in 45 days, not 75 days.
$6-8 a shares in the next 30-60 days is very possible?
I've been enjoying your thoughtful posts FFB but this sentence is way, WAY over the top. I would be happy to just see the AFs within that time frame!
IF all goes well and IF Emaar is indeed at the top of the food chain, then we MAY see such a pps within 6-12 months but only IF the "real" owners are smart enough to make it a top priority to move SLJB to a higher exchange shortly after AFs (and not months down the road.)
I do hope it's not the case. Just out of curiosity have you checked with TA recently? These things can turn on a dime.
Or it is more dilution (and yes Booch, either way, it's plain stupid.) Wouldn't be the first time with RMDG, I hate to say.
One, you completely misread my post, I was just making an observation based on verifiable FACT.
Two, I have been in this stock since the Spring. How long have YOU been in again?
RMP you have a LOT to offer as an industry insider, we can all see that and I for one appreciate that.
You have a lot to learn as an investor, and as a respectul, non-condescending poster on this board, we can all see that too.
PS 1 I would normally have taken this via PM, but what you implied was out of line.
PS 2 Oh and by the way, I took advantage of today's action to add some RMDG at these levels. In other words I was one of the BUYERS.
RMDG big dumpage at .0008 today. Have been in and out but saw one block for 5.5 mil and one for 9 mil.
Hmmmm.
A buy back is NOT on the radar for RMDG right now if I read RMP's posts correctly.
Agreed, the last 504 put a billion shares on the market and just buried the pps. I'll add that doing another one anytime during the next 8-10 months, just as revenues are starting to come in, would bury Costonis' credibility on the markets for good.
Oh come on you BOTH are really LOUD NEGATIVE now.
RMP just put the lil' nag on iggy, takes two seconds.
Almost identical situation and thoughts here. Any other long with similar concerns/thinking on RMDG?
AFs after Oct 8, at the earliest, is my guess.
gratitudedude I posted this last night but you probably didn't see it. FWIW another poster said possibly after October 15 to satisfy the 45 day need for quarterly reviews.
Anyway, here is why.
It's reasonable to think that when Petar Vucicevich announced on Sept 13 "The company financial audit is nearing completion. We anticipate having the audit stamped this week" he had NOT seen these AFs nor had he been briefed in detail about the various complexities. Even IF that AF for previous fiscal years HAS been completed, I think it's also very reasonable to assume that for strategic, credibility and pure financial reasons they would want to include:
1) revised Q1 Pro-formas for this fiscal year (June-Aug based on 06 calendar, although oddly their 2007 PFs start in August and not in June.) This would require anywhere from 3 weeks to 5 weeks to be done, and given that we are looking at international deals 5 weeks is more likely ("Also, we have to ensure that these final audits meet all necessary standards and legal requirements as stated in all these different regions.")
2) Current and accurate information about assets, A/S, etc. Let us not forget that SOS was just updated by NV two days ago. Big accounting firms aren't just waiting with baited breath for SOS-type things to be done, once that's taken care of it may easily take them another week or two to sign on the proverbial dooted line. As many have correctly pointed out none of this is in the CEO's hands.
Hence, any day starting October 9 for completed and PR'd AFs would make sense to me.
Like you I have owned this one for a good while, perhaps I am just a smidgeon more patient, I do note the significantly improved wording in the latest PR (not written IMHO by PV, and no offense meant BTW, he is a great dealmaker and PRs shouldn't be crafted by CEOs anyway) and I do believe that the company is 100% honest when they say: "The delay is nothing to worry about." Ditto for: "We understand the frustration that our shareholders might feel and apologize again for this delay."
I do not concern myself with the word "slight," knowing from personal experience that it could mean anywhere from days to months depending on situation, culture, etc. In this case it probably will turn out to be a few weeks, which is NOTHING when one looks at the big picture with SLJB.
Has NSMG filed their SB-2 ?
Anyone knows? From the look of today's trading I'd say they haven't. Really too bad.
RMP thanks for your contributions, I'm sure they are much appreciated by most here. The frustration you see here and there is simply due to a lot of dilution and a pps that's in the crapper.
I completely agree about the divvys, they would have been so ridiculously small that they aren't worth debating. So yes, in this sense they are a "joke" but so was GC's attempt to use them to squeeze NSS. To be successful this must be done on a hugely larger scale and even that doesn't always work. It didn't bother me, I just chalked it up to inexperience, he's a smart man and a quick learner.
Anyway, good to have you here.
Agreed 100%
Rick perhaps not so much that as include them as I suggested for many strategic, credibility-related and financial reasons. Any long would be aware of the huge jump that 07 should show over 06 budget-wise, and if (when) SLJB is going to NAS this can only help. Also, let us not forget that the CEO stated he wanted to voluntarily show quarterlies online as reporting companies do (don't have the specifics in front of me for a quote, sorry) and I could see how they would want to have all their ducks lined up to move to higher listings quickly. Imagine what this would accomplish if released in a 1,2,3... punch manner:
1) AFs
2) New Contract 1
3) revised Q1 PFs
4) OTCBB app
5) New Contract 2
etc.
Is this worth a few more weeks? I cannot imagine that anyone who's really INVESTED in this company wouldn't day: HELL YES!
Blush... MARK OCTOBER 6 as the last day you can accumulate! Now don't forget that date my brother! LOLOL.
{Disclaimer: I do not give investing advice, BLABLABLA...}
Mel, AFs after Oct 8, at the earliest, is my guess. Here is why.
It's reasonable to think that when Petar Vucicevich announced on Sept 13 "The company financial audit is nearing completion. We anticipate having the audit stamped this week" he had NOT seen these AFs nor had he been briefed in detail about the various complexities. Even IF that AF for previous fiscal years HAS been completed, I think it's also very reasonable to assume that for strategic, credibility and pure financial reasons they would want to include:
1) revised Q1 Pro-formas for this fiscal year (June-Aug based on 06 calendar, although oddly their 2007 PFs start in August and not in June.) This would require anywhere from 3 weeks to 5 weeks to be done, and given that we are looking at international deals 5 weeks is more likely ("Also, we have to ensure that these final audits meet all necessary standards and legal requirements as stated in all these different regions.")
2) Current and accurate information about assets, A/S, etc. Let us not forget that SOS was just updated by NV two days ago. Big accounting firms aren't just waiting with baited breath for SOS-type things to be done, once that's taken care of it may easily take them another week or two to sign on the proverbial dooted line. As many have correctly pointed out none of this is in the CEO's hands.
Hence, any day starting October 9 for completed and PR'd AFs would make sense to me.
Like you I have owned this one for a good while, perhaps I am just a smidgeon more patient, I do note the significantly improved wording in the latest PR (not written IMHO by PV, and no offense meant BTW, he is a great dealmaker and PRs shouldn't be crafted by CEOs anyway) and I do believe that the company is 100% honest when they say: "The delay is nothing to worry about." Ditto for: "We understand the frustration that our shareholders might feel and apologize again for this delay."
I do not concern myself with the word "slight," knowing from personal experience that it could mean anywhere from days to months depending on situation, culture, etc. In this case it probably will turn out to be a few weeks, which is NOTHING when one looks at the big picture with SLJB.
Costonis would want to buy back but at or below 0.0005? Whaddayathink Booch?
IF the RMDG financials are 1/10th as high as his hyping we might indeed have a shot.
SFM I don't think anything is "immediate" with OTCBB listings as far as the paperwork goes. Personally I would like to see an update PR'd by the company about where they are in this process, and how many new shares will be printed. I'm sure the new CFO understand how critical for them it is to show transparency here (the last PR was straightforward and honest about their plans which is a VERY GOOD habit they should keep, 75% + of pinkies do just the opposite, that's one way to tell they are scams.)
If they do, most investors would probably be willing to accept whatever timetable is announced as the pps has already taken a serious hit (i.e. recent developments would have been pretty much "priced in.")
IF they don't, the market could react badly and I think we would then see a much lower pps. Either way the next 48 hours should be pivotal.
Selling by WHO though? Who is selling these big blocks for pennies on the dollar?
Long here, but given the now well-known potential of the company, this one has me scratching my head!
Thanks Rick, I have to go now, will be gone for a while, but I've done a quick visual scan of the DIFX Eligibility Criteria sections and i could not find anything about a stock being at .10 for X days. Hmmm, did I miss it?
Ya know... this has been crossing my mind every day since PV has been "made" CEO with I'm sure some nice bonuses and such. In Wessal/Emaar's business culture one would naturally reciprocate, and I could completely see how and why his blunders regarding the AFs would in fact just be part of delaying tactics. After all, even IF the AF have been completed, to my knowledge there is no law that says how many days/weeks the co has to go over them. Agreed about the unpublished AF, I would be AMAZED if the higher ups don't get that accidental peek LOL.
Money is money, even (and especially) for billionaires. I have never understood the talk about Wessal buying ONLY once the pps is way up.
I do not know the Dubai Exchange listing requirements. How long does the pps have to be above .10? Is it like a NAS listing? 90 days?
Thanks for your reply, ditto to PJ and Prof
BOARD, ANY COMMENTS on this post by spaceheater?
Post #99583
I admire the way that ABLE has done business for their big client since they came on the scene last month. They have consistantly used the old Ali vs Foreman "rope-a-dope" tactic versus NITE and UBS. Get all they can while not overpaying too much, achieving the overall game plan of getting this sucker to eventually sustain above .10 for Dubai Exchange listing requirement. Nice. "
I was shocked to see no reply, isn't this post far more significant than all the drivel?
Thoughts and analysis much appreciated by this long.
Flippers at work.
2 business days to go for NSMG to file, if they don't I expect we'll see lower pps levels.
From Sept 7 PR
"As part of National Storm's growth plan, and to further the company's goal of having trades in its stock quoted on the OTC Bulletin Board, the company expects to file a Form SB-2 with the Securities and Exchange Commission later this month. In a related move, the company withdrew its registration statement on Form 10-SB. "By filing an SB2 we can simultaneously get to the bulletin board and register shares that we need to sustain the financial growth of the company," said Knoll. "Management believes that this will work to the company's advantage in raising capital and increasing liquidity and shareholder value."
Perfectly Put PP
Booch... Brother Roc's been porkin' up... eatin' good, nice $$$ from selling all these RMDG free shares... gots to discover a whole 'nother world at all them fancy restaurants LOL.
AF by mid or late next week has always made much more sense to me. CPAs on this board have stated time and again that audits almost never meet timelines. It's just plain common sense anyway, PARTICULARLY when one considers that the CEO did cover this possibility in his Monday PR (operative word in caps and bolded by me):
"... fiscal audit for SLJB is eminent and SHOULD be available for viewing on the corporate web site no later than the end of this week."
Lastly, today's trading action does NOT support the theory that the release of this otherwise pivotal audit is imminent (long here, no doubt it'll be EMINENT as well LOL, this is a good company) I've NEVER seen a pinkie without such hugely important milestone being leaked and creating huge volume.
Thanks gw, I was just pointing out what I saw and trying to help these guys with their calculations, if needed.
There's been lots of SLJB goofs and PR inaccuracies along the way, not necessarily atypical of a co new to markets, but (sadly) all entirely avoidable if they had bothered to run their text by someone who can read, spell and put a few clear sentences together.
Anyway I probably missed these posts along with about what, 69,000 others? This board has become a cesspool and I just can't keep up.
Gig
If I may folks... I see:
CEO Steve Sulja stated: "Basically, three insiders with 40 million shares from the open market did not meet the 10% of class rule; therefore, they are no longer considered insiders."
I do not see:
"CEO Steve Sulja stated: "Basically, three insiders [EACH] with 40 million shares from the open market [FOR A TOTAL OF 120 MILLION SHARES] did not meet the 10% of class rule; therefore, they are no longer considered insiders."
Is it just me?