is...throwing money into the Euro
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oops....my bad....I just saw the new 8K
sorry I'm a little slow lol
it looks like most of this letter is part of one of the last filings...
new 8-K today...
letter is hella long...
somewhere it'll say "section 4(6)" ...means Rule 506.
thanks for the info! =)
I've been meaning to take a picture of ISDR in Cary, but I haven't been in that neck of the woods for a while. Lots to do...if you know what I mean.
Anybody having this problem??
I bought shares when it was still IPOR...I still have them in my account, BUT the symbol is IPORXZ. I'm wondering why the symbol hasn't changed in my portfolio even though the ticker has..
The more I look at this stock, the more it makes sense. Remember the $4.35mil private placement press release? The recent Reg D form filed on 1/23/08 is for that private placement. So, in a nutshell, everything is cool.
The letter the company mailed to all shareholders this past week, stated that after the merger they plan to issue 6.2676504 shares for every share of Bonds.com Inc. for an aggregate 57,542,704 shares of common stock.
i dunno....perhaps.
Rule 506
http://sec.gov/cgi-bin/browse-edgar?company=&CIK=0001179090&filenum=&State=&SIC=&owner=include&action=getcompany
Rule 506 is more specific in what the issuer can and cannot do regarding the sale of securities. However, Bonds.com is already publicly traded, so we can already deduce that they aren't just trying to ripoff their shareholder for the money. They are trying to raise money in order to avoid going further and further into debt. Also according to Rule 506 they are required to report to their shareholders. Don't forget they are already publicly traded, and they haven't issued Form 15, otherwise I would say throw in the towel. They're just trying to raise money.
alrighty
Symbol change is official guys. PR is out....new ticker: ISDR
I drove by the place the other day....nice building/property. =)
I mean Reg D is a bit tricky. But the SEC has really started to crackdown on companies that use this regulation fraudulently...especially since SOX 2002. I think Bonds.com has really played their cards right regarding Reg D. The rule you have to out for is Rule 504 not 506. Check out Feldman and Dresner's book Reverse Mergers: Taking A Company Public Without An IPO. It has some good information on R/M's and specifically about Reg D offerings.
Rule 506 is good news. "Safe harbor rule." MSFT, Dell and other great companies have done this in the past in order to "weather the volatility storm." It's a way of raising capital rather than increasing company debt. This is good news!
the company filed for exemption under rule 506! =) Hopefully everyone here stuck it out...
gold might move higher now that "official" recession news is out
I like the gold ETFs like GLD, DGL, DBP but thats just me! =)
the only problem is, that rule doesn't effect deals that currently have restricted shares.
so whats the deal here?
oh god i hope this one makes it to the nasdaq guys! [/sarcasm]
its a$$...lol
lol...its like this stock has the runs real bad.
yeah...it doesn't take that much effort to change the name and ticker..I mean wtf
One of my holdings merged and changed ticker symbols in a little less than 1 month. Whats the hold up here?
god only knows......they sure are taking their sweet ass time though
i'm expecting an update within 5-6 months time regarding re-registration of the company to SEC reporting status.
On another note, I found out today that the infamous Kim Kardashian sex tape with Ray J is rumored to have been purchased by Vivid Entertainment for roughly $1mil.
Check this out: http://www.kimksuperstar.com/
(this site may contain images that may be considered explicit by some viewers)
I think you could, but it might take some time. Since most companies don't do 504 offerings anymore (like WRII), it's hard to tell until the CEO actually reregisters this quarter or next as he promised in his last interview. I think your chances are at least 50/50.
yeah...but you forget SOX and PSRA...
504 offerings were used in the past (pre-1990) by shady investment bankers fraudulently, but it wasn't as big a problem as you guys are making it out to be. Now the game is a bit different with SOX and PSRA. Over the holidays I consulted a securities lawyer about the WRII situation. I was told that the only real issue here is: Did Susnar keep the deal quiet before going public? As far as I can remember, he did. I've been in this stock since August, and at the time, no one knew about Minxx going into the WRII "shell." I was also told that WRII is in the position (because of their past filings) to choose whether it ever re-registers with the SEC or not. Also, they could've chosen to never disclose any information to the public since the merger, BUT Susnar has given us a disclosure statement since the merger...
I be back!
so...what went down while I was away?
no volume today...hmmm
4.35 mil private placement and shares exercisable at $4.35
OH HOLY SNAP lol w00t
nice volume today.... higher than usual.
and it looks like this thing is seeing some accumulation too...
.105 going through
if you're going to vegas, check out minxx for us.... lol =)
go dow go
haha
go speed racer go! lol onmc moving back up yay
I didn't say they made 100 mil...all I said was the rumored revenue was 100 mil.
and yes, I have read the 8-K.
if My Edgar is the company right down the street from me....you know being in Cary and all =P
yep...told you so. lol jk guys
actually the company garners nearly 100 million in revenues per year. Operating expenses are roughly half that...
Assuming a successful symbol change and possibly an upgrade to one of the more liquid stock exchanges...$25/share...maybe?
in the 8-k
the first time the 3 for 1 split is mentioned is under "Executive Compensation" in which all shares indicated are "post split (3 for 1)."
It's in the fine print...
"1 For the period ended December 31, 2006 the wages payable and accrued wages payable for the above named officer total $67,500, as of December 31, 2006 $27,500 was paid, the balance was converted into the company’s common stock. The amount of shares indicated above are post split (3 for 1).
2 The amount above indicates the full amount of compensation for the nine month period ended September 30, 2007
27,500 was paid, the balance was converted into the company’s common stock. The amount of shares indicated above are post split (3 for 1)."
but it gets repeated over and over again throughout the document. It's 3 for 1 because of all the shares the company has issued in compensation. Still the outstanding shares are roughly 16,000,000 but like someone mentioned before there aren't many shares out there for any less than a buck.
i think DCCN is gonna be hoppin' after the holidays, because all the holiday shopping is going to be over and people can get back to business. Maybe next week or the week after?
I feel bad for the schmuck that unloaded 1500 shares for a buck today... that sucks. lol