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you want to explain how it is making money presently?
Nobody knows if Bieber owns shares
the agreement:
Warrants to purchase 121,160,749 shares of common stock at $0.01 per share or a total of 16.4% of the Company on a fully diluted basis, exercisable over three years with full anti-dilution protection for sales below the exercise price;
received this same newsletter...
here is who e-mailed it to me
Re: Monday Special Insider Trading Report
From:
Angelo Campagna <angelo_campagna@hotmail.com>
Bula,
you are right...I stand corrected
long day at work
Jimstr
Not sure about OTCs, but if this company follows standard financial timelines, the first release in 2012 will be the 10K not the 10Q. The 10K has a 90 day timeline deadline, not 45 day like the 10Q. So the release would be March 31, 2012.
I agree with most of what you said except good quarter filing this yr
We wont see a good quarterly filing until Feb 2012
Q2 (April-June)....wont be good filing next wk
Q3 (July-Sept).....paid app wont start til mid Sept leaving only 2 weeks of meaningful revenues for Q3 filing in Nov
Q4 (Oct-Dec) would be the first qtr where revenues should be in high gear...filing comes Feb 2012
IMO
Jimstr
Gang, I know this won't be a popular message to many but a few of you do appreciate my thoughts:
We all know that the share price retraced when it was PR'd that we were giving away a free app until September...revenues delayed
Adding to the spiral, was OPMG filing that preferred shares were converted to 87M commons, and Frohman's 144 intent to sell
It has been obvious to me that insiders and/or OPMG have diluted since then as the share price kept going down to .03
since it hit .03, nothing has changed...no new DD has been uncovered
We haven't had a PR from the company that would trigger the recent buying support in the last 2 days....there is no viable reason for this to go back up.
With that said, I feel that the only thing that would account for the recent pop is that a "group" started buying us up and will soon take their profits...
IMO the selling has already started
I have always implored you to take profits when you can...this is a good time as I feel the recent trading will act more like a stinky pinky pump and dump as opposed to what we have experienced with OPMG in the past trading more like a blue chip stock
I believe this is short lived.
__________________________________________________________________
Also....this board is fully aware that the Q2 numbers coming out Monday will be horrible....we may not dump because of it..... it is already built into our comfort level.
But...
Here is the problem I see. There are many invested in the stock that don't read IHUB....they are expecting a strong quarter and will be less than impressed
I look for another slide next week....coupled with Matt's Chart, this will not be pretty
IMO
Jimstr
Have you locked in profits yet???
bullmarket2222 Member Level
Share Thursday, August 11, 2011 3:41:34 AM
Re: Prowler45 post# 30792 Post # of 30895
No new positions were taken. Once the interview starts the BOD of PSP Venture are forbidden to buy or sell. That's our rules. The BOD works on the PR.
If I am going to PR the interview, what's the point of posting. I am not going to give out the PR ahead of time. The PR cost PSP hundreds of dollars. The trip cost around 2500 plus our time and effort. The purpose of PSP doing all of this is to make Wealthy Penny the best damn penny group anywhere. We have put up 100k dollars to run the Penny Safari.
Our position is 25m +. On the drive from the hotel to OPMG I did take around 300k+ from .0351 down. And, I can assure you, if OPMG goes down below .0351, we will add to our position at this point.
Not only do we look for new investments in penny stocks, but we protect our position by being current on all information available. If that means a trip to the company, it's not an issue. We have a million dollar position in OPMG. A few grand to get current is a WISE investment.LOL
BULL
jimstr Member Profile jimstr Member Level
Share Thursday, August 11, 2011 6:46:48 AM
Re: bullmarket2222 post# 30811 Post # of 30894
were you compensated either in cash, shares, or both?
bullmarket2222 Member Profile bullmarket2222 Member Level
Share Thursday, August 11, 2011 9:12:51 AM
Re: jimstr post# 30818 Post # of 30895
Nothing
In fact, it cost us a few grand.
BULL
thank you for the reply...
Takes the notion of bias out of the equation
respectfully,
Jimstr
were you compensated either in cash, shares, or both?
ask them if they were compensated in shares or cash for their road trip...I couldn't find it in their disclaimer
normally out 6 weeks after qtr ends...I anticipate monday or tuesday next week,,,unless they file late,in which case they will file a nt-10Q
VNDM parked on the bid @ .035
MM's low volume walk up...will wait for bid to build and then BW it again
MM's low volume walk up...will wait for bid to build and then BW it again
IMO
lmao....you're kidding right?
the stock is no bid...I can buy as many shares as I want at the minimum price of .0001
not trying to scare anyone into selling me shares
unbelievable,
Jimstr
glad this one finally got a pulse..was sitting on millions that I was able to sell this week
In the meantime, other stocks I'm in, are finding bottoms and this money will be put to good use.
I advise others to pull profits here just in case it goes stagnant for another yr. I anticipate a R/S and more dilution at some point
IMO
Jimstr
Something brewing...MM's backing off from ask...might see 5's today
He did say no later than Friday...
for all the flippers out there...would love to see Phase II commence at 4:01 today
Jimstr
I was just about to post the same SF
All the MM's that took us down are sitting in the .05's now
maybe the selling is over...he could only sell 10M...
what rational human being would expect this company to have any revenue from the previous three months when there is no product for sale ?!?!
You may have missed these retail outlets for PhoneGuard:
Just to name a few
http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=phoneguard
http://www.qvc.com/qic/qvcapp.aspx/view.2/app.detail/params.item.M111236.desc.PhoneGuard-AntiTexting-Software-for-Smartphones
http://www.frys.com/search?search_type=regular&sqxts=1&query_string=phoneguard&cat=0
http://www.overstock.com/search?keywords=phoneguard&SearchType=Header
Also, the freemium campaign well underway
Viral awareness is creating our brand leading up to launch of paid product in a few weeks
just pointing out the fact that we haven't even seen a selling product yet.
you did well considering you lost on yesterday flip buying .053 and sold on the stop loss
I guess RAB can support anything for THEIR cause.
PhoneGuard is just one tool. TextToggle is another
http://www.facebook.com/RememberAlexBrown
Remember Alex Brown Foundation
Check out TextToggle at supportsafety.org or download at market.android.com. TextToggle is a GREAT app and we appreciate the opportunity to help support it!!! Check it out!"
great call matt...on the retrace
I see support underlying support now @ .046 then .043
What is your best guess?
if it is brutal, just PM me
TIA,
Jimstr
You have to expect flippers and even some longs to sell..we have another month before any real revenues come in
We already knew Q2 (Apr-June) would be bad
But we expected a July launch allowing us to look forward
to Q3 fins (July-Sept) filing in Nov
As it has now been confirmed, no real revenues will come in until the last month of Q3 (sept)
so to recap...
Q2 filing in Mid Aug will be less than ideal
Q3 filing in mid Nov wont be much better.
Best fins going forward will be Q4 (Oct-Dec) and filed in mid Feb
The market believes they have time to pursue other stocks while we wait
IMO
Jimstr
test
great post DD
wouldn't even try to answer that...you'd have to be more versed on lawyer speak than I... to comprehend
I know from my earlier DD that some preferred issues take precedent over older issued shares during a liquidation event (which a merger is)
and all preferreds would get theirs first before commons
here is an example...look under liquidation event (ii)(A)
Read http://sec.gov/Archives/edgar/data/1413993/000135448811001682/ex314002.jpg
Is BuyBio2 around?
I am somewhat concerned of the timing of these conversions of preferred to commons and registration of shares when this is supposed to be taking off soon????
This isn't about just 2.5M shares from Frohman filing....
Total shares registered for sale was 28,166,167
and conversions of preferred to 87M common shares
Listed below in filings:
10M to Sasso
5,000,000 to Frohman
5,000,000 to St Claire
3,166,167 going to Stowell,Strunk,and Koyuncu.
5,000,000 convertible note to Harris
-----------
28,166,167 total
5M to the Lawyer for convertible note (the $166,312.50 represents 15,119,318 common shares convertible at .011...of which 5M are registered)
The validity of the securities offered hereby will be passed upon for us by Harris Cramer LLP, Palm Beach Gardens, Florida. Attorneys employed by this firm own 3,000,000 warrants exercisable at $0.011 per share and a $166,312.50 promissory note convertible at $0.011 per share. Of the shares underlying the promissory note held by these attorneys, 5,000,000 are being registered under this prospectus.
http://sec.gov/Archives/edgar/data/1413993/000135448811002346/opmg_s8.htm
This prospectus relates to the registration of: (i) 20,000,000 shares of common stock issued outside of the 2008 Equity Incentive Plan, or the Plan, (ii) 3,166,667 shares of common stock issuable upon the exercise of non-Plan options and (iii) 5,000,000 shares of common stock issuable upon the conversion of a convertible note.
10M for Sasso: Sasso agreed to a Lock-Up/Leak-Out Agreement (the “Lock-Up”) which limits the sales of Sasso’s shares to: (i) 10,000,000 shares during the first month following entering into the Lock-Up and (ii) beginning August 1, 2011
http://sec.gov/Archives/edgar/data/1413993/000135448811002348/opmg_8k.htm
5M for Frohman:
http://sec.gov/Archives/edgar/data/1413993/000135448811002346/opmg_ex41.htm
5M for StClaire
http://sec.gov/Archives/edgar/data/1413993/000135448811002346/opmg_ex42.htm
1.5M stowell
http://sec.gov/Archives/edgar/data/1413993/000135448811002346/opmg_ex44.htm
1M for Strunk:
http://sec.gov/Archives/edgar/data/1413993/000135448811002346/opmg_ex45.htm
166,667 for Koyuncu
http://sec.gov/Archives/edgar/data/1413993/000135448811002346/opmg_ex45.htm
another 500k for Koyuncu
http://sec.gov/Archives/edgar/data/1413993/000135448811002346/opmg_ex47.htm
------------------------------------------------------------------
In addition to this, on July 15th three preferred shareholders converted C Series preferred into 87,499,575 commons
On July 15, 2011, three Series C preferred stock holders converted their preferred stock and the Company issued 87,499,575 shares of common stock. The issuances of common stock and the Note which are reported in this Form 8-K have not been registered under the Securities Act of 1933 (the “Act”) and were issued and sold in reliance upon the exemption from registration contained in Section 4(2) of the Act and Rule 506 promulgated thereunder. The investors were accredited and there was no general solicitation.
http://sec.gov/Archives/edgar/data/1413993/000135448811002348/opmg_8k.htm
Any thoughts?
Jimstr
can only sell 10M...what I'm concerned about is the registration S-8, the opinion letter by Harris (allows legends to be removed by TA)...etc
why would insiders be wanting to sell here????
Who else filed 144's????
IMO
Jimstr
go for it...I'm waiting for this to settle first
Earnings. I believe their next Quarterly is due 9/11. We will NOT see anything impressive. Expect that. Reason: They are in the initial launch phase and also spending money to promote this and these Ads that all post about everyday. You know the saying, "It take money to make money". That is NO different here.
Great post DRock...thank you for being another voice of reason. Your empathy for another investor is to be commended
OPMG is going to do very well long term IMO
Short term is another story....It is a great marketing campaign giving the app away...it will capture the market long term...
But in the mean time, we have had extremely limited revenues from past sales and now we are giving the product away while we wait until September for the Drive Safe Pro to launch
Bills have to be paid...Zimmerman had to be paid...it takes cash flow that we currently don't have.
Dilution was necessary to bridge the gap from June until Sept when we can expect revenues to start rolling in.
It is what it is...nothing wrong with this type of dilution..so far they have done it responsibly.
IMO,
Jimstr
The smart money flipped for more shares;)
Uh,,,I answered a question
Where did you get the 700mil OS number? In the CC Frohman said we will approach 1 billion shares. I see in the sticky above-Comprehensive OPMG Informational Website-there are 1.5 billion authorized shares. Is this correct? If the app is free now is this how the company is paying the bills-selling shares? I don't know, I'm just asking for the deal here about why many think the pps should be higher on the recent pr's. I'm curious too. I read the employee share options (Bieber's, Sinclair's etc..) say their shares are 'protected against dilution.' Where do we go to find out the current OS??
I'm not screaming dilution or saying anything negative-but just asking real questions looking for real answers.