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im thinking about jumping in here...ive read a few posts and i will do some DD on my own, but looks like people here are expecting a PR around the start of the new year as well as the possibilty of this becoming a new company correct?
pick me up on your way to the meeting....
i thought the same thing for about 8 seconds until i reread the letter and saw the statement "as of the date of this letter" and the letter is dated 12/20/10...so unfortunately we are stuck here with billions of shares available for them to dilute and use as their own atm machine after the r/s was done....completely criminal
so much for the 48 mil or 4.8 mil o/s people were talking about here...what a joke. i was away from my computer all day and just finally seeing this.
the only word for what has happened here is criminal.
after reading that attorney letter how can you guys not be completely bullsh!t? they did the r/s and then diluted the hell out of it again by issuing themselves billions of shares! this is ridiculous....
well i hope you already have the same exact questions lined up....thats just stupidity on your part if you leave that out. you have a pissing contest with her we all get it, but like it or not thats exactly the info we need to know. i hope she forwards those questions to investor relations on her own and we get answers....
why wouldnt you forward those questions!? thats everything we need to know?
exactly..and how can their be 4.8 mil o/s and this trade consistenly 10 to 20x that in volume every day ...... doesnt add up
whoever shorted this made an absolute killing...why do people keep saying this? lol
i boought and sold it three times and made over 400%...so ya you're right im not a clown...i was saying the peole that post on here their daily conversations with Stan about this and that are the clowns...everything said about this company in speculation couldnt have been further from the truth and the ones in charge of the master pump knew it all along....
the short squeeze theory kills me...they are the only ones that made and continue to make money here....if the pps moved above .05 then you can start the "burn the shorts" b.s. but not now...
and why do u say this?
WOW LMAO
"Commencing on September 4, 2010 the Company’s new line of business is pursuing contracts for engineering projects to design, build and own projects for re-development in war torn areas as well as re-construction in areas hit by natural disasters."
i think they can start right here .. this board is about to become a war torn area
any chance i could make an appointment to sell this turd? lol
volume has completely dried up....what happened here?
yes and i see that...thus the squeeze do to lack of available shares and that will certainly benefit us...i just dont see shorters getting burnt i see them making a killing thats all...they still have plenty of room to cover before they take a loss....
the shorts that everyone is saying need to cover...when was this short position acquired? anyone know? because it doesnt make sense that they will be "getting burnt" given the price levels the past month. If they shorted pre split it was at .01 so they can easily cover for a huge gain right now or if they shorted right after the split they could still cover right now for a huge gain? how would someone who shorted this be getting burnt right now? im probably missing something was just curious...i'm not too familiar with shorting a position
disclaimer - 500k shares bought 12/10 .0037
relax that was just an acorn falling fromm the tree chicken lol
what? lol
why we will be getting shares of them next month from here...i got a buy in at .0001 if it dips again for a couple million shares just for s&g
ya i never understood the importance of that...even though there is an MM on the board for much higher that really doesnt mean anything does it? its not like it will sell for that anytime soon there are plenty of orders in front of it...
thats why i jumped out last week...im waiting for a complete collapse when the 10Q doesnt make it out by week's end...if im wrong and it takes off and i miss it good for you guys, but if im right i get to jump back in and grab double the shares i had before...in the mean time the $$ wasnt tied up and was able to flip GBOE* and still in SSPT*
glta
they'd probably have to r/s prior to 1/31/11 right?
great idea..trade on the weirdness of a position...i'm gonna have to try that
i mean seriously ... who is left out there to buy this thing? i mean at an avg price of .002 today thats $800k in volume today for a micro cap ... id be surprised to see a run but who knows stranger sh!t has happened before lol
400 mil volume ... how much power could possibly be left in the last hour? lol
we are only 87mil shares behind the leader for most volume today lets go! lol
ok wake me at .0037 so i can sell and break even lol
im gonna need a few of their shot bags tonight lol
Dear Investor Relations,
I purchased your stock now I NEED your product!!!
Sincerely,
Penny Chasing Dumba$$
its the company dumping on the open market to raise capital post r/s....i didnt think that would happen so soon but i think they r right...220 mil + volume and we r down big time? there is no buy pressure that signaling any short squeeze here...it looks like pure dilution at work but we wont know if that is actually the case until months from now when they file a 10Q and we see what the new o/s is.... im taking it on the chin down over 56% right now. thought we were looking at the next TTDZDizzle right here and didnt want to miss a run to .01 - .02 pre split levels...oh well
we need to see the .003's quick...
read the 8k's they actually didnt spend that much...people are confusing it and saying the buying companies (MMAC and Palm Investments) paid that $2.7 mil to Burnham...not the case, Burnham just forgave that debt in lue of $200,000 in cash and $50,000 to be paid at a later date along with keeping a certain % interest in the new company...actual cash was only about $200k.....now i know people are going to say why would Burnham settle for only $250k total, well wouldnt you if you were him? his company went belly up how would he ever get a cent if he didnt sell out? The $250k is better than nothing.
getting dilusional hitting refresh on the sec website for a filing....
BUY 500k shares 11/9/10 - .0054
SELL 500K shares 11/22/10 - .0136
BUY 750K shares 11/23/10 - .0088
All in the beautiful United States Tom
PM QUOTE "i got the .0136 on my .0007's but never saw .0088 opportunity to buy back???? what day??? what country??? "
just picked up a bunch at .60 thru schwab online no trouble at all
in at .0055 out at .0136 back in at .0088 and holding
not much info but just a little something i dug up the past hour...
in the 8 K it said the following
"In addition, MMAC entered into a new four year lease with Noreast Management, LLC, a company which is 91% owned by Burnham, for the Company’s current headquarters on substantially the same terms as the current lease with the Company."
the trudy address is 353 Main Ave, Norwalk, Ct 06851
this address is for sale
http://www.loopnet.com/Listing/16802055/353-Main-Avenue-Norwalk-CT/
per my conversation with Ted Hampe, listing agent in charge, a few moments ago he stated Bill ( William Burnham whom he has been friends with for over 20 yrs) sold the company last year to Palm (Palm Invesments, LLC) and they had a 6 month out clause in the lease agreement and never occupied the space and terminated the lease agreement after the 6 months....
so who ever the new company is they have no need for 30,000 sq ft of wharehouse space in CT.
dont bother this guy that's all he knows....if he did know more he would have said it it didnt take much at all to get that out of him