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5150 my certs came today as well.Ameritrade sent the cert via mail.Didn't cost me any noney for the cert ,as I am a apex memeber with Ameritrade
Zato let us wish that Mario will place the details of how to convert the spwp shares in a PR this month.My certs are now in route from ameritrade.Also I am now wondering with all the certs being ordered from brokers,the shorts may have to cover.Hmmmmmm that would be enjoyable to see--just a after thought.
Hawkeye/yellowjacket this ewan poster is full of himself.I agree that this is a new type of basher.Tries to get folks to believe his posts & the lowers the boom.Seen his type before.Adds nothing to the DD ;but can be super critical.
Hawkeye I agree with your opinion of this character. It is also amazing how JD is skirting the issue about a letter from LaSalle involving Steve Cook's name.Steve Told me personally that JD must be challenged on this issue & he (Steve) was very upset with what JD posted about him.
I personally feel that Steve Cook should take JD to the wall on this.JD reminds me of a person who likes to threaten;but in actuality lacks the juice to carry out the threats.In other words a big bag of wind.
Hawkeye I agree about the accumulation.I for one bought more today.
I have confronted JD & also placed his sorry azz on iggy.This kid is not only rude he shows child like compulsive behavior traits.If you read the RB board you will see my post to the board ,where I have challenged him to show the letter where Steve Cook was involved with LaSalle.You could be right on about his connection with LaSalle.
Seems that we should know what to do with sending in our shares, in the very near future.
YJ Steve knows that JD is a liar.Steve said that if LaSalle has a letter that says Steve gave LaSalle a $3.00 pps ,then JD should be challenged to produce said letter or shut up.
Steve said that there is a lot of procurement business coming to Horne,at this time.It is low margin;but it still adds to the over all Revenues.The target is still as stated & 2005 to be profitable.
YJ great idea.You should recommend looking into a acquisition to Daryl Horne.
Any one speak or e-mail Mario about the stock conversion?
Presidents letter to Share Holders is on the Corp .Web site. I especially like the part where Daryl Horne states that Spectrum Holdings will be brought to profitability in 2005 & he anticipates strong growth in 2006 .To me that translates into a good ROI.
Meager volume today & MMs working OT to drop the pps.Perhaps we will see a strong upbeat share holder letter next week to help push the pps.Believe that we are still within 10 days of 2nd qtr numbers.
Does any one have their opinion why the pps is retrenching on a daily basis?
yellowjacket As I said I believe Steve ,for if I had any doubts,i would sell & go on.It seems that JD has lost a lot of money & has a need to pass on blame where it doesn't belong.Any otcbb stock is risky because it is listed on a higher risk exchange.JD or any other individual investing their money must take this into account.The safe guards just are not there in otcbb stocks.I personally believe that if a person wants to spend their time investing in the penny markets,they need tools like wisetrade & level 2.That way they can get in & out fast;because the greater majority of the otcbb are pump& dumps.This,however, does not include spsc.JMO
leederm my RB handle is my name creulein. I just got off the phone with Steve Cook.I did ask Steve about the JD insinuation that Steve Cook was talking with LaSalle & said the share price would go to $3 pps.Steve recommends that JD be challenged to come up with the letter from LaSalle;which JD inferred he had.I personally believe Steve.
Friend the reason for low margin is that the big dollars are with Becktell,ie in procurement.Actually,you could say that there is no risk because Spectrum is acting like a broker.
I incourage any spsc investor to talk with Steve & ask the questions direct.He is most receptive.
Steve can't guarantee the share holder letter on the web site ;but he thinks it is possible for it to be posted by this coming Monday.
leederm yes green now.However, level 2 looks weak on the bid/ask.There has been a lot of 1.11 sales(current bid).Imo it will take solid numbers to advance the pps.Trust that the August release of the 2nd qtr will move the pps to higher ground.I don't like this shrinking effect as it takes that much more to move the pps higher.If we can get back to about the 1.20 pps before the 10q is released,it will be a lot easier to move the pps to a 1.40 pps than if we are stick in the 1.03 -1.11 pps levels.Also ,a solid share holders letter would help.JMO
PS just saw the ask raised to 1.13 that is good.Wishing the EOD is green today.
Most share holders who post on RB are not aware that this site is available.
BTW leederm I still only get 5 messages a day.
Scooter read the 8k & I agree with friends findings.about a zaor slim margins on big revenues.Trust that Daryl Horne will make sure the margins improve.Maybe my gut feel told me not to go beyond my $2.50-$2.60 pps projection this year end.JMHO
The share holder letter is taking a inordinant amount of time to release.Trust that when it is released there will be strong news for us to bite into.
dkgross in Mario terms that could be awhile.Seems we wait & wait.Just want this crazy thing to end.
Zato yes I agree with you.When this will happen is the question? Seems as tho this thing drags on & on & on.This draging on thing doesn't give us a good feeling.
5150 I wonder if any one has spoken with Mario recently,about the share conversion.If they have possibly they have a idea when the dtails will be sent out in that PR?
Zato although I believe Mario's intentions to convert our shares.His timeing is way off for telling us what we need to do.The pps on spwp is a joke now,so we are hanging in there to get a chance to salvage what we invested in the first place.Sort of ackward.
So what does every one think about when this stock conversion will take place ?
This new deal is not coming to us in any earth shattering timeing? Does any one have any new info to share here?
5150 it can take 4 to 6 weeks to get the certs.Besides taking the certs now will force shorts to cover.Not bad at all to take the certs early.
TAKI I requested via a form from Ameritrade my certificate of shares.I do not pay ;because I am a Apex acct memeber there.In as far as the tax bite,I am not concerned.
sent 4 my certs yesterday.eom
Taki,et al I sent a e-mail to "conversion@superswipes.com" ,today.My e-mail came back to me undeliverable.I placed this msg on the RB board & what I was asking in the e-mail(go to RB & read).So I left a phone msg for Mario .No reply yet.
Has any one else had this problem ?
FF it's a long weekend & I am not going to banter with you.However, there is no glass house with spwp.I bought shares & sold once.The shares I have left are losers.But,there is a new message,July 1st, from Mario on the superswipe web site ,that all good shares will be exchanged for the new company @ .01c per share.That is great ,since the shares of spwp are currently @ .0018C per share.Not a bad trade.Therefore,anything can happen.Iam not going to say it definitely will happen & for folks to mortgage their kids.That would be crazy.There is NO hype.We the longs are just wishing to see a long over due return on investment.We may or may not realize that return.Time will tell
Now,if you are even a bit interested in the last 31/2 yr history,you can tune into the web site,RB& Ihub posts about spwp.
Have a good 4th.
badbetsy I am sending a e-mail to : conversion@superswipes.com .I will ask to whom do we mail the certificate,attn: of whom & address & when do we receive the new replacement certificate.
FF/Berge you agree with Casandra about the fiasco of edig pumpers.Very interesting.Then why not agree with my post to HH?You know it is true.
Now back to Mario & spwp.You need to read up,as their is a lot of good that can come from Mario exchanging old shares for the new company(he legally doesn't have to do it).However, to be perfectly honest stocks on the pinks are even more of a gamble than the otcbb& I took a flier/gamble.But,the fat lady is yet to sing.
FWIW the manipulation of naked shorting,lies by mangements & the off shore death spiral financing is mostly about the pinks/grays & otcbb stocks.But,the most blatant lies come from the paid pimp pumpers.So go tell Daboss,gilimash,twomill,ie how they have coned so many into the edig spider web.
GLTA
hollywoodhills I have been away from edig for some time now;however,I enjoy reading poster comments.Your post here says it all & no new educated investor money is coming in.There is a whole world of good stocks giving a decent return on investment out there & the only thing that edig management can do, along with their hype tribe, is to get money out of the existing SHs.This is a pity to see.
We definitely need more info regarding the spsc share turn in.I left a message viaq phone for Mario.So far no reply.It was about the share conversion.
scooter how many posts do you get here as thye moderator?I only get 5 posts per day on this thread & don't feel it warrants spending the money to post more. BTW,I didn't like what the pps did today & imo it was dumping by the Ledbed group,picked up by the MMs.This & the potential of illegal naked shorting off shore give me the creeps on the OTCBB.Have said this repeatedly on RB.While this stuff keeps going on ,there is really almost no choice but to flip shares.Thus,I keep doing the ladering of the pps,so I can sell off the cheaper shares& ultimately get free shares with a stronger pps.
You keep on doing a great job with the fundamentals/DD.So let us wish for a very strong 2nd qtr +3rd qtr & get onto a top notch exchange.
Best Regards as Always, Cliff
Yes a person has 60 days from receipt of money to roll over in order to avoid the tax consequences from IRS.However, the question is not the 60 day allowance,the question is when a person takes possession of the asset away from the custodian or successor custodian is that asset considered breaking away from the tax deferment protection of a IRA under IRS rules.If any one wants further clarrification ,a phone call to IRS should solve this mystery.Personally,I side on the side that the stockc certs become a finanacial asset to the person & no longer are in control of the custodian.
Buffalo good explanation & a correct one as well.eom
waik because taking the certificates away from the custodian's control in the eyes of IRS,the individual has the control to sell.This is why the broker custodian must make the transfer.Wish it was different.The IRS wants to know what is going on because IRAs are deferred compensation,taxable sometime at a future date& the IRS insists they get their tax share.
waik the IRS requires IRAs to be handled thru the custodian.This is why taking possesion of shares could trigger a IRS tax problem.Mario,imo needs to look at ALL the situations.AIMO
Yes that any tranfer of stock thru the custodian then no problems.
Re IRA & Roth IRA brokerage accounts.I phoned & left a message for Mario to consider those folks who own shares of spwp in either their IRA or Roth IRA accounts.How do they take their shares out with out paying taxes & or a IRA penalty fee to the IRS for early withdrawal.This can cause some serious tax consequences/penalties.Waiting for Mario to leave his message on my cell phone about this topic.
Zato thanks got it on RB from buffalo.EOM
Would some one please post the company's web url.some how my puter lost it .thanks in advance.
zdeep other brokerage houses also charge the $40 fee.The chance one will take to get shares of the new company & make some money.The way SPWP shares sit today isn't good.The new company would. be better to own imo
dk it seems to me that if/when SHs request physical share certs from the brokerage houses the shorts must cover & that in itself will be illuminating,lol.Like all of us I keep waiting to see the final outcome.