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Boy, did they do you a favor
You're about a month late but it's good you're out. This company only sells shares
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44081987
Registration of securities Form S-8
Securities offered to employees pursuant to employee benefit plans
(How many employees do they have, oh yeah 2)
CALCULATION OF REGISTRATION FEE
Title of securities
to be registered
Common Stock,
$0.0001 par
value
Amount to be registered
65,000,000
(wow, 65 million)
Proposed Maximum offering price per share
$.0065
(How much did you pay for yours?)
Proposed Maximum Registered Aggregate offering price
$422,500
(Is that a lot for employee benefits for 2 employees or am I reading this wrong, what was their gross profit last year?)
Amount of registration fee
$23.58
(well at least it's cheap to issue millions of shares)
I wonder if they plan on selling those shares?
Do they have to pay for these shares or are they being awarded.
It would be great if they were buying them but I'm not sure if that is what this is saying
I an 100% sure the company sec filings are more current than Pink sheets. If you are trading based on on that kind of info you don't stand a chance
Are you attempting to be deceptive on purpose or just have no clue what you are talking about
This is from the most recent 10k released Friday
The number of shares of outstanding common stock of the registrant as of November 4, 2009 was 30,455,187.
This is a company with 2 employees that has spent millions of dollars to generate less revenue that I make in a month.
Where did they get the millions? From shareholders. Where did the millions go is a better question. Administrative and sales costs I guess. Administrating 2 employees and selling a few packages of box stuffing. Oh and an awful lot of shares.
Can it go to zero, yes. Can they do another reverse, yes.
Will you ever see that $5000 again from this company, I think they spent it already.
Is the 10-k bad? I think it say's they generated one hundredth of the revenue needed to bring them up to zero.
I don't know, is that bad?
Wanna bet the CEO lives in a real nice house.
I'll guess he's not driving a beater either.
IMHO
10-K
Our net loss for the year ended July 31, 2009 was $963,177, as compared to a net loss of $318,399 for the year ended July 31, 2008.
(Oh good a triple)
Revenues:
For the year ended July 31, 2009, our revenues increased by 171.1%, or $26,017, to $41,225
Cost of Sales:
Our cost of sales for the year ended July 31, 2009 increased by $23,702, or 285.6%, to $32,002 as compared to $8,300 for the fiscal year ended July 31, 2008.
Revenue vs cost of sales
2008 $6908
2009 $9223
Selling, General and Administrative Expenses:
Our selling, general and administrative expenses for the year ended July 31, 2009 increased by $214,670, or 305.1%, to $285,036, as compared to $70,366 for the year ended July 31, 2008.
(quadruple,holy crap they must be paying themselves pretty well. I'm sure they're worth it )
So it cost them $285,036 to run a business to make $9223
Is that really a business?
Net income (loss):
Our net loss for the year ended July 31, 2009 was $963,177, as compared to a net loss of $318,399 for the year ended July 31, 2008.
(Another triple, almost a million) I'm speechless
(the company took a loss, as a shareholder don't you have to expect a loss also)
I'm no lawyer but I am not aware of anything that has been done illegally by this company.
Its not manipulation, its genius. They tried to buy a failed company with no marketable product using conventional convertible financing but were unable to obtain the deal so they did it themselves using shares to pay for both the debt and the promotion used to sell them. They issue the shares to the debt holder and he hands a portion off to a promoter to generate a market to sell them into. Ever hear of a shell?
http://www.investopedia.com/terms/s/shellcorporation.asp
Now the CEO is using the same procedure to buy his own company from himself using shares of the company he runs. If he runs out of shares its no problem just vote in a reverse split and regenerate the revenue stream. Rinse and repeat . You can use shares to pay for everything, you just borrow the money from a revolving credit facility and issue shares ad infinitium on a regular basis to repay the money. All you need is someone with some cash to work with you. You might even use your own money and find some hard luck stooge to be the public face for the money. Pay yourself a salary, no prob. Hire relatives, why not you’re in charge. Late with every filing, big deal. Pay for another vague press release with more shares and the morons will line up to buy them. They will even buy more to “average down”
This is all just a fantasy of course,it could never really happen.
Up in the premarket this am
NCS was the 6th largest percentage gainer on the New York Stock exchange Fri.
Nci Building Systems $ 3.23
NCS 0.45
Short Interest (Shares Short) 10,426,600
Days To Cover (Short Interest Ratio) 4.5
Short Percent of Float 54.08 %
Short Interest - Prior 7,224,100
Short % Increase / Decrease 44.33 %
Share Statistics
Average Volume (3 month)3: 1,533,230
Average Volume (10 day)3: 1,697,700
Shares Outstanding5: 19.98M
Float: 19.28M
% Held by Insiders1: 1.66%
% Held by Institutions1: 88.60%
Shares Short (as of 10-Sep-09)3: 10.43M
Short Ratio (as of 10-Sep-09)3: 3.6
Short % of Float (as of 10-Sep-09)3: 54.10%
Shares Short (prior month)3: 7.22M
I have something you might keep an eye on
NCS,just moved forward on a financing arrangment and moved quite a bit eod on double the average volume
Coming off the bottom of the chart kinda also
It's still moving afterhours
http://finance.yahoo.com/q?s=ncs
( I do own some)
I see the market is reacting with its usual overwhelming response to this pr
down 19+%
I think most of walmarts customers would need assistance to get online anyway
http://www.peopleofwalmart.com/
We all have to learn the hard way, I did
Do yourself a favor, stop reading those email promotions you receive. unsubscribe from their lists and look for companies to trade on your own.
Every one of those email promotions are sucker plays
The company is not really investing in itself for advertising, the company is using shares to pay for promotion to create a market to sell more shares to generate cash to pay off debt. It's like selling your own blood to buy food
I'm having a bit of fun on the Yahoo board, I'm not usually this goofy, but I was very tired of the bs posts
Probably someone who was left with a handful of shares after the reverse and they couldn't bear to look at them sitting in their account.
No, I don't think you are missing anything
Since this is currently trading on the pinks I don't believe all those fancy numbers will have anything to do with the share price near future.
I saw your bankrupsy posts on the yahoo board.
I've picked up a few more shares lately so thanks
I did a web search of this phrase from the recent pr
"This automotive parts supplier has three manufacturing facilities and supplies customer needs thought North America."
They placed it everywhere
There were hundreds of hits.
It is a typical pump and dump pr,promises but no facts
You would think if you were going to go through all that trouble you would proof read the thing.
I wonder if they meant throughout? Morons
I'm sorry Stuart but this is funny
From the 10 Q
"The Company has assets totaling $32, liabilities totaling $4,425,945, and net losses for the nine months ended April 30, 2009 totaling $539,879."
They are printing shares to sell because they are using what is basically a shell company to generate income. The CEO is selling a private company that he owns to a public company that he runs. The original deal to purchase this company was set up with a equity financier to provide the capitol to buy but the deal fell though. I guess the financier couldn't find enough equity to justify the deal. So the seller, Stuart Turk sold them the company with a promisory note, and also provided them capitol to get the ball rolling with a 20% charge on the money he lent them and a 25% advantage on the shares they used to pay off the note and the loans.
Now the CEO is using equity to pay for the purchase of a company from himself, I guess he learned a valuable lesson at the feet of the master.
IMHO of course.
Hi there, I'm still around, still watching. Pumpers are gone.
FRE Bought 5700 @ .88 Thurs, Look out Monday
Price doubled after hours Fri on almost 13 million afterhours traded.
Oh Boy
http://finance.yahoo.com/news/Freddie-Mac-reports-first-rb-2414226377.html?x=0&.v=4
Bought 5700 FRE @ .88 on Thurs, Oh Boy
http://finance.yahoo.com/news/Freddie-Mac-reports-first-rb-2414226377.html?x=0&.v=4
They have no legal obligation to answer your questions on the phone. They are only responsible for SEC filings
Obsessive Compulsive Disorder
When the "news" your waiting for comes out you will see the share spigot open wide. IMHO
Remember there are almost 100 million shares available...
again
If I was a seller I would probably have a more positive attitude to my posts
Kinda like yours.
I have yet to buy a share of this stock.
I watch it everyday, I have watched it since the day it started trading. It might as well be called Samsonite for all the bagholders it has created.
I have attempted to contact the company through email and phone but they're not interested.
I have a few questions is all
The current price is .25
At the 100 to one ratio previous to the reverse that is
.0025
I'm not recalling when it was much lower. When they start diluting it will be though
There is buying interest today yes, but that is the sellers coming to the buyers price.
That trend will continue
Are you related to
STOCKMONSTER?
What I'm seeing is the ask drop from the .40s to the .20s
After a previous days drop of 50%.
What I'm seeing is capitulating, sellers are dropping their price to the bid or a bit above
As a stockholder you have every right to have knowledge of what is happening with your investment. You should not sit quietly while your questions plague your thoughts. If this is a real company with the interests of the shareholders in mind then they should be happy to respond to investor questions. As a reporting company they cannot divulge material information however I do not believe they have the right to ignore shareholder concerns. Make yourself heard.