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That's the plan. We've heard that all parties have agreed to this so the court hearing should just be a formality.
Look at any of the shell companies out there. People get excited when a 15-12g gets filed and there's a bunch of buying and the PPS goes from sub-penny to .04 or as high as .14 and then people realize that it isn't going to happen overnight. And people get antsy and selloff. I've picked up shell stock for 1/10th of the height of the buying frenzy. That doesn't make the person who brought the 15-12g, or any other information, to everyone's attention a fraud or a scammer. Any update on a shell stock could mean it's about to R/M any day or it could mean years. That's the chance we all take.
I think the biggest asset the company has is the CEO himself, Joseph R. Cellura. This man knows how to make deals, he has created or expanded on several subsidiaries in the past and got several big-time people to partner with him. Can you imagine signing Gene Simmons (KISS) up on your management team? Or signing up the creator of "The Happy Meal"? His problem was he expanded too fast and then the creditors sued to force him into bankruptcy instead of trying to work though it. Joseph sold off most of the subsidiaries to pay off the creditors and get the company back on track. I know he sold Malibu Beach Beverages and SMARTVoice Telecommunications. I haven't found anything saying that Malibu Entertainment or the Floating Bed have been sold. Still a lot of information to sort through.
Yes, I've been watching them for months. Soon it will be our day!
This HAS to be made up. $150,000 a night? Only the Clintons could charge that rate and get away with it. Still, it is the Hilton's...Hmmmm....LOL
Maybe someone knows something?
Several people have PM'd me with questions so I've decided to go ahead and post what I've heard. I've been trying to verify this information but so far have not succeeded. I did talk to Foster Hagen last week and got some good news though not the slam dunk some of us were hoping for.
Foster said that they are in the process of signing all the paperwork that will get them the money they need to do the major projects: Mississippi, Vermillion, and Romania. As he put it they are crossing t's and dotting i's which means it's still not finished as of last week. However, this is not in the form of a loan but rather a Joint Venture which should be very profitable.
While this is very good news, any progress is very good news, it also means that the start dates for the other projects are pushed out even further since the focus will be on the JV to raise the money to do the rest. He said we should have an announcement in about three weeks, you can verify this at the new company phone number:
1-800-673-4229
He did not say who the joint venture was with, they have learned from the past that when they put out the names of companys they have dealings with those companys get inundated with phone calls from investors trying to verify all the information.
My best guess is that should all of this happen without any more delays or problems then the PPS should rise to between .06-.15. If they go ahead and post the audited financials (with the intention of uplisting) and those look good then the PPS could set a high for the year (above .25). If the JV is as good as they say it is, then we should have some good looking quarterly reports which would make a best case scenario of $1 a year from now. That's $1 if everything goes well and we start having some successes and not the stagnation that we have been seeing.
I am still very optimistic about this stock but I'm also a realist and there are many things that could still go wrong. Once we start to have money flowing in most of those problems should disappear. GLTA
I wouldn't be too hard on hdogtx. A lot of us looked into the company and missed the Astrom connection. Astrom's know people are on to them and will probably surface again only hidden deeper this time.
I think something's going to break by the end of June though not as big as some have hoped. I only have a handful of long term plays and KING is still at the top of that list. If things go well this next month we should have a steady rise in PPS but I've downgraded my expectations, it'll probably be a full year before we see a dollar IF everything goes right.
I'm one of the five boardmarks. Not in at this time but looking closely at it. I like the fact that they are trying very hard to become profitable. If they can pull off profits of $500,000 that would equate to about .01 EPS and with a PE of 20 would make this a hundred bagger from here. I'll see where they are with this next financial statement to determine if they can become profitable anythime soon.
Nice. Maybe soon?
Be glad we're not the LLC. They had their hey-day back in the Seventies but got involved with a lot of lawsuits. When I was researching our company I ran across a bunch of stuff on them including a former employee who posted a ton of negative facts about them even though it all happened in the Seventies. Talk about holding a grudge. Surprised to see a new logo for them, maybe they're coming back.
About our company, by the end of June...$$$.
All IMHO.
WAG May 23, 2007 9:42 PM EST
jj the "sell in May and go away" was an old traders saying that was sound advise up until the early 1990's.
The money managers used to take long vacations in the summer and they would clean up their books of any speculative stocks that might dip during the summer so they didn't have to bother with them. This May selloff would become a self fulfilling prophecy as the speculative stocks would dip in PPS in May due to this selloff.
Starting in the 90's, and probably due to better communications, internet, ect., money managers stopped selling off stocks in May and the axiom disappeared.
Last May the stock market took a dip and everbody started to repeat the old saying again but guess what:
IT NEVER APPLIED TO PENNY STOCKS EVEN WHEN IT WAS TRUE OF OTHER STOCKS!
After the R/S is when some major players will be allowed to buy who can't right now. Some Mutual Funds can't, by their own charter, purchase stocks that trade below a dollar. Once the R/S happens we'll see a lot more influx of capital. I always expected to see the big move after the R/S but I won't complain about being up 400% either. LOL
Guys, I'm not sure what it means but compare these two websites:
www.walesholding.com
www.plansbydesign.net/index-3.html#
When I talked to them they said Nasdaq. They also said they had the audits done through 2005 and were working on the rest. They will probably be fully reporting OTCBB before they go Nasdaq.
They're getting everything ready to go public. Whoever gets in on the ground floor is going to make a mint.
I was estimating that this could go to $20 by the end of the year but after looking at how much these products are promoted worldwide I'm beginning to think the person saying $50 PPS will be closer to the truth.
I don't think people realize how international DEP is. They're in all the major world cities promoting their products. Well established company with lots of experience. I have no doubt that they have figured out what they need to get uplisted and will do so as soon as possible.
The cow parade division has it's own website: cowparade.com. It lists all the cities they have upcoming events in. Several cities in the US and abroad. Very popular.
jj don't you ever check into the stocks you bash? They are already doing business. DEP has been around for years as a private company.
Excellent! Now we really move!
New office, new number. Check the website. So far haven't gotten through to a person.
Nice one hdogtx, Thanks.
Congrates coolwhip, very soon this will be very busy.
jj- have you even called the company to find out anything about them? Have you done any DD?
Is anyone here close enough to DEP HQ in LA to go and get some pictures?
This stock will soon have it's day in the sun. Uranium is hot hot hot!
Yes, and with the company's stated position of going to a higher exchange this could easily achieve the $5 PPS necessary to uplist to NASDAQ.
It'll be real good when this is $5+ a share after reverse split.
METP is ready for a R/M. PNHI is getting ready.
You are correct, the SEC will not inform anyone about an ongoing investigation. If you call them and ask about any stock all they will tell you is it's their policy to not say one way or the other if an investigation is going on. The only exception to this is when they bring charges which will be in the news. At that time they will state what the charges are.
Sorry, that was me and I was repeating what someone else had said. No where did the company give a time frame. Usually with these cusip/ticker changes you're at the mercy of the paper pushers so a company won't want to state any time frame because it's really out of their hands how fast it gets done.
Looking good. Thanks for the update.
Looking at the charts it seemed like the buying pressure increased as the price went up. I would think that insiders are buying what they know are cheap shares. If so then as long as they have dry powder the PPS should climb. Tomorrow will say a lot as to what's really happening.
The phones were out this past week, technical difficulties, they're back now. I didn't get a chance to call today however I talked to someone who got through but they didn't ask about share structure. Did confirm that Norris had a finance meeting and it sounded good. I'll try tomorrow.
Dan, Dan, Dan....it's a joke! Almost every stock I'm in gets painted up or down with a small amount at the end of the day. But the image of the CEO waiting until the last second to place a $4 buy with a $10 commission just so it closes higher is funny.
Norris? Is that you? LOL
Weeeeeeeeeeeeeeee! Okay, if we all do it at the same time maybe Kip will hear it and get things moving. LOL