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Update from OTC
There was a MINOR issue with the 2nd round of information. Apparently when they submitted everything they did not include their bylaws.
Once the company sends in their bylaws and updates the attorney letter they will be moved to Current status, so my contact told me that it is nothing major at all, it is just that they forgot to put it in the paperwork.
So, with that being said, it depends on how long it takes SMPP to send in the bylaws, if they get them and the new attorney letter in today then it will more than likely be brought current today, otherwise, it is up to the company as to when it is brought current.
In keeping with my previous posts, I have talked with OTC. As you all know the requested information has been submitted literally just a little while ago. The gentleman I spoke with said it could take the normal 3-5 business days because it generally goes back in line like the original submission, however, he could not tell me the extent of the information that was submitted because it had just been uploaded so he said if it was simple then it could be sooner but the safe bet would be the 3-5 business days.
That is the current state of the CE removal as of 4:45pm eastern time on 11/2
Well Dynasty, I was way off on my guess of 50M to get through the 5s lol
Dynasty, can you PM me a way to email you, I have a question for you that I don't necessarily want to ask on a public board and I do not have PM
Thanks
I gotchya, I thought that you were putting in for 35M shares is why I asked. I understand now, you were adding to the 35M you already had.
My bad, sorry for the confusion
So are you putting in 7 orders of 5mil each ?
Not as of 1:30pm eastern there is no response.
we had a couple of 9M earlier @ 9:40AM eastern
This is starting out to possibly be our 100mil+ day that we have been waiting for.
At this rate we are gong to blow through the 6's lol
Any idea where this came from?
I just made my usual inquiry to OTCMarkets. Not bad news, but it is going to require a little patience on our parts.
SMPP needs to clarify whatever the question is that OTCMarkets had and then essentially resubmit and it is 3-5 business days from the resubmission point before the CE removal will happen.
So.....
I made contact with GH and Mr. Davies the attorney as well as the company directly asking what the time line is for responding to OTC.
When I hear back I will let the board know
I am out for about 90 minutes, I will check in with you all in a bit.
Dynasty
Are you thinking 50 mil shares to get through the 5s?
Needbucks
I also sent Mr Hollister an email inquiry yesterday asking that very question, "what time line is the company using to respond to OTCMarkets regarding their request for additional information"
I sent it late in the day yesterday so I am hoping for an answer this morning and if/when I get it I will post as usual
For those of you that did not see it yesterday I thought that I would repost the following information regarding the CE Removal:
I talked with OTCMarkets and the Attorney letter has been reviewed and there was a question raised and they are waiting additional information from SMPP.
They said that it doesn't mean that it is major, just that there was a question and that the status is "waiting additional information". This could be something very basic or something that might require a few days to respond to, they could not tell me.
I will say that giving my opinion and only my opinion, his tone of voice did not make it sound like a big deal and he sounded like he had something to say, but couldn't say it, but again, that is my opinion of the conversation, so take it for what it is, my opinion.
Just thought that I would remind everyone of this update since the question was raised.
I just talked with OTCMarkets and the Attorney letter was reviewed yesterday and there was a question raised and they are waiting for additional information from SMPP.
They said that it doesn't mean that it is major necessarily, just that there was a question and that the status is
"waiting additional information"
Just thought that I would update you all
I just spoke with the OTCMarkets and they told me that there are 2 attorney letters ahead of SMPP to be reviewed, so we are third in line for removal.
He said that it would probably be looked at today and the CE MIGHT be removed early tomorrow, but no guarantees on that time line.
I thought that you all would want to know this info
I just called OTCMarkets and just simply asked them what the time line would be for removing the CE on SMPP and the lady told me that it is 3-5 business days for the update from the date of the attorney letter posting.
So...
Since the attorney letter was posted last Friday 10/22, the earliest the CE will be removed is tomorrow 10/27 and should be no later than Friday 10/29.
With that being said, we can stop refreshing OTCMarkets and watch the scenery develop today for what is coming in the next few days/weeks.
Hope this helps
I have that same trade of 100k shares at 11:01:41 as the last one
yeah Ameritrade hasn't updated in a while either
For future reference, you can just refer to me as Shane, no need for the full name.
My reason for asking is because as much as I would love to roll around in a pile of SMPP made $$$$, if we get too much good news at one time, CE, PRs, etc it would make for a volatile and unstable spike. Meaning that those of us who are long term could have a longer wait than if the stock is built up.
Would you not agree?
Would you guys agree that we are probably looking at a Wed/Thurs CE removal?
I am also wondering if PR will come the same day or if they will hold it for a day or two...
Thoughts?
L2 update please Robert, thank you
Hey guys, here is something interesting
If you go to OTCmarkets and in the company line you type SMPP it shows the 'stop sign symbol' instead of the 'skull and cross bones', but when you actually go to the SMPP page it is still CE.
I have no idea if this means anything, but I am wondering if the CE is about to be removed, is today to soon?
Is TD Ameritrade reporting this correctly, have we done 17mil in volume already?
Something is going to have to give here, this thing is a pressure cooker.
I am not even sure the CE removal is needed to start this off, just confirmation and some news might do it imo.......
A scam is an item of fraud...
You cannot say in one sentence that this stock is a scam and then in the next talk about it being a play, it isn't possible for it to be both.
This is either a viable stock that is preparing to do something or it is a scam that is going to do nothing, it cannot be both.
Words like scam attach items of negativity to the stock without any basis.
If people actually read the PRs when they come out then you would know that the CEO stated that another one would not be released until post launch, so all of this clambering about wanting news is absurd because they told us when news would be out, which is post launch. When is launch, it is slated for this month, so therefore news will be out sometime this month after the launch at a minimum. Read the stickied post of mine from GH, he said that they were working on the CE removal, but as of the date of that email, they had no time line to release.
Furthermore, if you are holding 5 mil shares at .0002 and the stock is sitting at .0002 then you are holding nothing more than an even position, sell and lose nothing or hold and take the chance to make money.
This bitching that is going on about scam this and scam that is nothing more than people being impatient and exposed beyond their comfort level.
There is no logic whatsoever to bashing a stock that you own and trying to imply that illegal activity is taking place, that is so counter productive it is unreal.
Following your logic, every woman that won't date you must be a lesbian. You're not getting what you want when you want it therefore it must be a scam. Despite the fact that as I said, we were told in the last PR that the next update would be post launch.
geeeeezus.........
I cannot speak with any knowledge, but given the timeline of events it is certainly possible that what you heard could be true, but again, I have no first hand knowledge of this being true.
What purpose does this rant serve?
Seriously, if you are invested in this stock as you say that you are, what good do you expect to do yourself by blasting that it is a scam all over the message board? Do you think that such a rant is going to cause the stock to move and therefore make you money?
Seriously, if you are not contributing factual data for the purpose of due diligence then please do the rest of us a favor and shut the hell up.
Damn.....
Anyone care to share the L2 please
Also, is it TD Ameritrade acting up again or is there really no volume on the day for SMPP?
Bombarding the IR Rep with a bunch of e-mails is not going to expedite this process in any way.
Removing the CE is not a matter of signing a couple generic forms and submitting them, it is much much more complicated than that.
Practice a little common sense, if you ran SMPP would you want to have a major product launch and still have the CE on your stock all the while trying to sign new contracts?
Probably Not
.252 lol, doing the math on that is like going to a strip club and thinking that you have a shot with a dancer.
It was fun to think about, but man it was agony when reality sunk in, lol.
Maybe we will get news from the conference today, that would be nice.
Good luck all
Can someone share the current L2 picture please.
Thank you
"SMPP will get the news sooner or later...you have to be patient...this is not a 1 minute blackjack game @ the casino...investing and trading take time & the willingness to wait... "
I just wanted to point out that this is what you said early in the day yesterday Dynasty and then throughout the later day it was all about how you wish something would hurry up and happen.
Just saying......stay consistent.....
Can someone post the current L2 please, thank you.
Here is some of her professional background from a bio announcing her hiring as CEO with SMPP:
http://www.marketwire.com/press-release/Strategic-SMPP-CEO-Brings-Experience-Insight-to-Innovative-Model-1294748.htm
I also did a quick search for Julienne Audette in Washington state and I came up with at least 4 individuals with the same name.
It also must be remembered that sometimes when an organization is sued the CEO/President is named in the suit. An example of this would be when a prison facility has a suit brought against it the Warden is the one that actually get sued, it is the Secretary of State for the states or currently Hillary Clinton when it is the federal government.
Companies are entities, if they are corporations. But a sole prop, partnership, etc are not separate entities and so she could be the named party in one of those cases.
Even if she is the same person and a suit was brought against her, there are tons of minor suits brought against people and companies all the time. A suit is nothing more than a disagreement between two parties, it doesn't mean that she did anything illegal or wrong, it simply means (if it is her) that she or her company had a disagreement with another person/company. If it was in fact the state of WA that brought suit it could of been for something as simple as a disagreement on a building structure.
Did anyone actually read the suit? If not, let us not jump to conclusions and assume that it must be something horribly wrong.
This does not need to be blown out of proportion and become a hot topic.
Not to create any premature celebration, but is the CE being removed right now? I ask because I know for a fact that there has been volume but everything is showing me 0 volume.
Is there a symbol change, CE removal, anyone have any ideas or am I on an island with things not showing up?
I was tired of reading a bunch of speculation, so I literally just emailed Gerrard Hollister about 10 minutes ago and just received a response back from him. Below is the copy and paste from that email conversation.
Shane,
the company is working very diligently on removing the CE on OTC Markets. I do not have a time frame for this process because the required documents needed are very in depth.
Thank you,
Gerrard Hollister
IR@GerrardHollister.com
+1 (310) 909-7988
http://www.gerrardhollister.com
http://www.twitter.com/gerrardhir
This email and any files transmitted with it are solely intended for the use of the addressee(s) and may contain information that is confidential and privileged. If you receive this email in error, please advise us by return email immediately. Please also disregard the contents of the email, delete it and destroy any copies immediately. Gerrard Hollister and its subsidiaries do not accept liability for the views expressed in the email. This email is also subject to copyright. No part of it should be reproduced, adapted or transmitted without the written consent of the copyright owner.
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On Sep 23, 2010, at 1:28 PM, Shane Wells wrote:
Mr. Hollister
I am a current shareholder and would like to know the status and/or timetable on the CE being removed and the financials being updated. I am looking to further my investment and would like to know this prior to purchasing more shares.
Thank you in advance for your assistance with this, it is appreciated.
Shane Wells
No virus found in this incoming message.
Checked by AVG - www.avg.com
Version: 9.0.851 / Virus Database: 271.1.1/3154 - Release Date: 09/23/10 02:34:00
CE stands for Caveat Emptor
OTC Markets defines it as:
There is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions.
This makes it sound horrible, but in this particular scenario with SMPP it is not as bad as it sounds. The paperwork is either filed or in the process of being filed to remove this label and bring SMPP back into "good standing"
I was just wondering if anyone has attempted or successfully recieved confirmation on the CE filing status.
I did not want to make an inquiry if others had simply because that would become cumbersome and annoying to the parties involved.
I know that we all would love to see this stock soar and we know where it was trading a few months ago. We also know according a to an earlier post made by someone that the filing to update financials and remove CE was filed on 9/10 (I believe that was the date given).
I say all of that to ask this....Realistically and with support, where do we think this might be in a week or even a month?
All opinions, but would I like to hear others realistic and thought out opinions.