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Actually I just stepped out for a minute..it's short-sleeve t-shirt weather here in Toronto as well.
As for SMAS....I guess yesterday we had an extra 8 million traded, so we won't trade much today to maintain the 8-10 million per day average we've been seeing lately.
Lucky you!
I've got work..and although the weather is nice, I don't think our golf courses are open yet in Canada. :(
my thoughts exactly. Pumpers worry me. In the past their presence has been a sign of further dilution.
no one's buying left and right. You can see that the volume last few days has been around the 10 Million/day mark....which is less than $1000/day given that a lot of these trades execute below 0.0001
Yes, a lot of anticipation, but I'm not sure about people buying this stuff left and right. There would be a bid if that was the case.
right when redbull said "we'd love a 30 million day" i could have sworn it was at 28 mil. Oh well.probably in error.
Did volume just drop from 28 to 18?
I think I'm seeing things.
18.6 mil. It's higher the 10 or so million we've seen last few days...but not enough to suggest any significant interest in the stock. It was 8.6 mil until about half an hour ago. Someone probably bought 10 mil...no biggie.
This kind of volume doesn't mean much. It'll mean something if and when there's 100 million shares being traded consistently every day.
I was under the impression that the family member passed this week. I'm not sure what the personal business was that had to done this week, but now it's more fishy that this news came out the night before the CC.
To be honest, I was expecting news this morning that would blow all other news out of the water and was hoping to be excited about the call this afternoon. I'm not pleased with the timing of this information. It's April 16th, 2009. I started buying this almost 2 yrs ago. It's been a nice dream..but I think it's time to wake up. If there's nothing within a week, I stop supporting this company.
Where's Gucci? What's her take?
nvm....I assumed someone had communicated with him this week. My apologies.
Ofcourse I respect it as well, but I could have sworn that those that spoke to him earlier said he sounded upbeat when infact we're learning now that there was a death earlier in the week in the family and today's only Wednesday.
Regardless, my condolences to his family.
Conference call postponed?
Just reading on Investment Nation that Steve had a death in the family and interview will be postponed to next week. To those that claimed to have spoken with him earlier this week, was this brought up?
*sighs* there's nothing tomorrow....we would have atleast seen some sort of a spike in volume by end of day if there was something major tomorrow. Alright....so Steve's got some explaining to do in terms of what's going on with the rosy picture he painted for us. Optimism is drying up....just like before. History is repeating itself one too many times.
True, but I have to consider that as things stand, there's no evidence of anything with this company other than dilution which means the company isn't generating money to support itself.
Mind you this may change tomorrow morning, but until then..I'm good with what I have.
I'll buy more when I have a reason to. :)
well let's hope you don't get annoyed or disappointed this week and that we all get some good news.
Never thought I'd see the day....Gucci getting defensive and somewhat annoyed :p
I thought we would have gotten some news for sure by this morning..giving us a day to absorb it before the Conference Call which would outline the next steps for the company.
He's still got tomorrow....but to be honest, it's beginning to look like the last CC.
Not at my age :p
Come on SMAS..help me retire early.
Just got e-mail on classes for athletes, dancers and runners along with drop-in classes. I hope that wasn't our huge news of the week.
Last few days we've seen volumes around 20 mil before noon. Doesn't look like the pattern is holding today though. Hmmm...I thought we were onto something here.
Agreed. If we don't see anything by Thursday morning....I think we can expect pretty much the same information we had in previous two conference calls and PRs reiterated
it may be a concern/question to bring up during the CC. :)
:) Psychologists refer to this as classical conditioning. We've been conditioned to expect small news or no news.
Conference Call Questions
1. You justified dilution last conference call by saying that in order to progress forward, companies often take several steps forward and a step back. It seems like we're seeing the opposite where the amount diluted is far more than what was bought back. Can you explain what happened and is there more dilution to come?
2. Uplist process was 70% complete in December. Where do we stand now?
3. Why haven't we heard about who the auditors are yet? Share price can't go any lower.
4. What's the status with the military? How did things go at the Battlefield Healthcare conference?
5. Have we started treating Veterans in February as per a previous PR? If so, why haven't we heard about that yet?
5. People often hear about a company or a stock through word of mouth. Some of us long time shareholders recommended this stock to family and friends only to see missed deadlines and unkept promises. What assurance can you give to current and future shareholders and the public in general that this is headed in a positive direction so that they may continue recommending this stock?
6. You have emphasized explosive growth in 2009 and set certain deadlines for Q1 in the past that were missed. There is no sign of explosive growth at this time...are we still expecting that? If so, where do you see the share price by end of the year and what steps are you going to be taking to make that happen?
sounds good
yes..I started getting e-mails everytime someone responded to my post. I figured someone did some sort of an upgrade and i went into the settings and disabled the option to send e-mail. It was turned on.
Actually I think he said 15 mil. As I recall, in one of the conference calls he mentioned that something happened between their previous auditing firm and it had to be replaced. So I don't know if the figure he quoted us earlier of 15 mil is accurate as it could be the previous firm that agreed to the $15 mil.
Unless we hear who the auditors and see some numbers during the ulist, we can't say and that's precisely why the price is sitting at 0.0001....investors have assumed the worst.
hmm..I do recall him saying that he took care of it. I'm curious though, how does this not being updated impact us? Or are we still debating whether the numbers on state of nevada registry are correct as opposed to other sources?
Tufan, I've been trying to explain that to people here that are defending the stock. It's been a battle of old vs. new. Some of the old that are still holding see nothing more than promises.
On a positive note, atleast what came out this morning didn't have more promises with specific dates that would piss off more people. :) I know how you feel and I know how optimistic you've been about this stock in the past ..just like joelotto. It's been a while for some of us and the it's hard to be patient for so long and feeling like you got ripped off when you bought at 0.0001 because people now have bought for a fraction of that.
All I can say is...re-evaluate how much of your investment you want in this stock..because expectations were there last year and they're there this year too and there a good chance that come December 31, 2009, this will still be 0.0001. So you may want to pull a portion of your money out. It's a really long term play.
I agree that we can't move forward if we can't learn to let go of the past. For me personally, it was the CEO recognizing that he made and missed deadlines that mattered. What I saw in the past was that he was coming up with excuses or trying to justify not meeting them by saying "well...other companies on pinksheets don't meet deadlines either and we're meeting more than they are", which was a very immature response in my opinion.
Today's PR recognized that he missed them and assured us that we will see the reasons and understand them in the near future as they begin to up-list. Still no reference to why auditors names weren't released and more details surrounding dilutions...but hopefully those will be addressed during the Conference Call.
PENNYPICKER, I'm not defending joelotto here but I think you're turning a blind eye if you're saying the things these guys are posting over and over again are "without any evidence".
Evidence is located at http://www.investmentnation.com/viewboard.php?id=486&sb=Y&sc=Y in the Somatic Systems 2 interview replays and the summary and commitments are available at http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35035678
Having said that, I was more impressed by this PR because it wasn't another PR full of promises and he did accept the fact that they haven't been able to meet timelines. He did however mention that the uplist was delayed by "a few months" and he also said 2009 is the year to "cash in" on the investments and work they've put in. I do expect to see that. Unfortunately many questions still remain unanswered and over the next few days leading up to the CC, hopefully we can get more answers.
GLTA.
I completely agree with you...but I can't rule out the possibility that perhaps Steve has learned from his mistakes and is therefore is not saying anything unless he can back it up with a demand for the product and as a result higher volumes in the stock.
Having said that, there's still no reason why he wouldn't come out and just tell us that he was unable to meet his promises. Releasing auditor's name doesn't cost the company money unless the auditing firm is not a firm but rather someone who's more shady than slim.
Ah well....I hope to get some answers on the next conference call.
This is not a scam. There's certainly lack of communication and undelivered promises..may be what some would call mismanagement, but certainly not a scam.
Scammers don't like to SPEND money...hence wouldn't sponsor a conference and that too a military one. Scammers scam people...not other businesses and certainly not a government organization.
If we get news this week and there's confirmation of some sort of a military contract with insurance backing, I can see this climbing to 0.01 (100x it's current price)
ofcourse it's not an investors conference...but i'd think that atleast 1% of the people there do invest in stocks and would jump on something if they saw it being popular. I know I would.
Ah well..coming days will tell the story
I think people are waiting to hear something before they take action. 7.3 mil for volume....I would that after the conference, at least SOMEONE would be buying. Even people that would make the deal with Steve or those walking around.
I wish I felt more comfortable thinking about the ol' saying "no news is good news"
wow..First day after the conference and no activity on the board. :S
I may be getting ahead of myself here but if things went well at the conference, shouldn't we be seeing buying start to pick up already from the people that are attending the conference atleast?
Putting myself in their shoes, if the concept caught my eyes, I'd get on my blackberry faster than one can say BUY.