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ooh. retired, not bought back, watever you said. If they don't have to pay for it, then it's good for the company since they need cash for operation.
then read the pr
and it's off rme, so it's off o/s, not float.
what more do you want? They don't have that much buying power to do the whole 660m, at least they showed the buyback they have promised us. About the 50m float buyback, i guess that you have to wait for the Q
meh, the millions of shares traded each day can be a combination of both. I think there is tons of people who sold their position already, it's a tough economy you know. And plus what are you talking about true float or not true float. Of course they own more than the float, but it doesn't mean that what they own is real shares either.
Nah, it's not the bashers that push out the longs, they dont have that much effect since people read that crap everyday. Today is manipulation, yesterday is Alfie's vague statement. Also, I dont know why Metter keeps going on the radio show with so many contradicting statements. Before the holiday, he said something about the board meeting, so comes on the show to update people about that. If there isn't something done yet or it's still in the work, dont come on the show.
today is pure manipulation, stock went down on minimal share sold, 10k shares and it went down? That's like $200, and it happened 4 times today.
lol, more buy than sell today and the stock went down, these mms need to be thrown to jail. SEC is such a bunch of tools.
I think what he said was he wants to adjust expectation, so he said don't be surprised if there is an increase in share count. He's always cautious in his assessment of the company. He never confirms nor denies the share increase.
you don't really need a bank loan for your financing, even though it's the most common type of financing. VC, private equity also can do the trick. VC especially took a huge hit this year because they can't IPO many of their projects, so who knows, maybe one of these guys already talked to SPNG.
http://uk.reuters.com/article/marketsNewsUS/idUKN0553749320090105?pageNumber=2
I dont think you can add it that way, since some of the people in the second 13Gs are in his group, so that leaves about 20-40m for the people who decided not to participate in filing the 13Gs.
Because you don't have to buy back the RME shares to achieve the effect. I have said many times already that they can restructure the RME shares into some kind of loan, those shares are restricted and unregistered so restructure them requires less effort and waste not a dime. The float on the other hand cannot be restructured that way. Issuing shares for RME is just a stop gap measure because they need the cash fast anyways. Once they have the financing they need, having a 40m+ in revenue with substantial smaller number of shares look much more enticing for institutional investors.
yeah right, but they don't jump into the fire if they can see it. Madoff is because he's out to scam people, plus it takes a massive financial meltdown for him to crash.
I can't confirm that since i dont know, it's just my personal belief. No one buys 83 million shares if they don't have motive, and forget about some institutional investor buy to make deal with the short, it's way too risky because that investor has to rely on the co. to make the short covers.
Well then there are two scenario
1. Something bad happened, and they gonna sell. Or they will transfer those shares to some other mm to sell it to hide their motive.
2. They are done buying because something is supposed to happen. They have 85 million shares, so don't even think they don't know anything about the co. I personally believe that BMAS is spng's agent, and stop saying stuffs about the first and last 30 min of trading, there are so many ways that i can think on top of my head to get around that rule.
Also, why the heck would Doug says stuffs that make people sell? It's bad for him as well if he wants to sell. If he's quiet, then he's selling, if he starts talking, then either he wants to buy it cheap or he's done selling.
The latter he can just simply ignore the mb and get on with his life, does not care about other people's fates, the former means he wants to cash in big. Take your pick. He's not an angel who will tell you something because he wants something good for you. He's just an investor, with more money than we do.
About BMAS at 1.2 cent, it just means they don't buy anymore.
as usual, please provide the company name, and i mean now, not wait until you go around the internet look for one.
you cant sell unregistered shares.
perhaps you should add this
Disclaimer: Assuming RME sold their shares into the float.
stock goes down on a 50,000 sale? $1150, lol.
So that is a good thing for the shareholders, that means the RME won't be easily registered if ever, and selling unregistered shares to the open market is illegal. So the dumping of RME shares is very unlikely to happen.
long term stock doesn't mean not fixing the problem.
now everything else looks like a flat line, its not pretty anymore.
so you say that 400m increase is for dilution or dumping? Dilution don't have the same immediate effect as dumping. That's why i want to separate between the two of them. Dilution erodes shareholder's confidence and then the shareholders are the ones that sell, making the stock goes down. Dumping is selling straight to the float, increase the downward liquidity.
May to August - Same kind of crap, dilution, not dumping, share price didn't go down
It maybe different this time, I dont know. But please distinguish dilution and dumping.
Diluting like hell, sure. Dumping is an incorrect word. Dumping means doing it to the float. Do you think with the full 800m being dumped, we still gonna be at 2c?
Sitting on? Or sitting outside? Or sitting in his car? How can you sitting on an office?
Real DD? Does that mean your PI? It's better be pictures and tape recorder.
Since when coming on those shows are free? Wanna go on Jay Leno, give me some money. Wanna go on Regis and Kelly? Give me some money. And so are all other talk shows, they make money from sponsors and people pay to get on those shows.
They are both restricted and unregistered.
market manipulation to the max, bid ask is the same for 10 minutes.
I dont know the condition of the RME deal, can't answer that. I think when they have $10m in assets, it triggers the 1934 Act requirement.
Restricted means there is condition on the securities, usually time constraint.
Unregistered means exactly what it is, it has not been registered so it cannot be sold even if the restricted time has passed
I thought you only want 1m now you bought more? Beside, there is no point doing a rally on mb, it's so inaccurate.
No one says filing with the SEC will prevent you from committing fraud. What I said to that poster was if they intended to pump and dump into the float like he said, there are ways that are better for them to do it. Right now, even if they are dumping into the float, what price do you think these guys are getting? 2c?
What i said was they can issue a lot of PR statement regarding SPNG that are not confirmed but they didnt choose to do so. For example, they may have a financing deal in the work, but if they really want to pump so they can sell stock, they can issue a PR saying we expect to get a loan from XXX bank, and safe harbour statement will protect them from any forward looking statement. Now, they didn't do that, which I think is good on their part, because they can sure as hell pump this stock with pr. To me, it makes they are more legitimate than BIHC or a lot of OTCBB companies.
I told you that unless every single shareholder decides to peace out, .02 to .022 should be a good estimate for the bottom, as for the time being BMAS is holding it up there. We are not going to .01 unless the bad news about the share count comes out
and What is exactly the float count you are talking about? Last april, they only made 130K and have the same kind of dilution and the stock went up (O/S from 100m to 200m). Then comes May 31, they made 1.2 million and the stock went down (O/S 200m to 400m). I don't like the O/S increase either, but to say it all get dumped into the float then you need to do more DD.
At least they filed their financials so you know that the share count has been increased. If they are that sinister, they just pump the hell out of the stock by issuing unconfirmed statements like ooh, we expect we will get $10m in loan from XXX bank, or we expect we will get into Walmart USA and widespread distribution, or like BIHC we are in process of an acquisition negotiation. With this way, maybe their dilution will worth more than 2c a piece. Remember, since you guys talk so much about Safe Harbor Statement in the PR, they can issue any kind of statement with the word "Expect" in it. As long as they are in a process of something like any of the above regardless of their chance of success, they can issue a PR and pump the stock.
Oh wait, they didn't do that, they chose to listen to all of your yapping and non stop phone calls. What do you expect them to answer? If they are lying to you, you think calling them will solve the problem? If they are telling you the truth, you think calling them will change that fact?
A prudent and truly caring shareholder will gather reliable information and then call the company for confirmation. An idiotic gambling shareholder will call the company every time he goes on the mb and gets some BS. Find someone you know to be trustworthy, find out information about the company before calling them 24/7 a day.
Certainly it is our duty to make them transparent. But don't go ask "what are you gonna do about NSS?" every day of the week and expect a good answer. That's why you get answer like we'll deal with it this week. I agree that this company stinks in the PR department, but at least they show you that they stink so that you can get out.