Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No, it wasn't me.
It has been many moons ago on RB. I don't even recall my handle on it. I stopped going on it because I always had trouble trying to log on to it. I even had a @ragingbull.com email address before that other company took it over and screwed it up. That too never worked quite right. The folks who bought the website bought in the bubble and then you can tell it got caught in the crossfires of litigation from a few posters thinking it was the wild, wild, west....
I believe I had a different handle on RB.
You are probably correct. Definitely someone who wants out.
I do like the way it moves.
Once he has sold enough here, he will then take it lower, similar to what a short will do. In turn, he will most likely attempt to walk it down until enough folks lose their patience and sell back to him... All Just My Opinion.
I am not going anywhere. I really like the way this one bounces around. Money to be made just trading this one...... :)
While we accumulate a position. I have not picked up enough myself, but will hold adding any time soon. JMO
That party was short lived. I thought maybe, just maybe from my digging around spurred some other parties interest.
What we have here folks is someone with a large position and it could be anyone. They obviously still have more shares to sell because we keep seeing these even lots being sold.
Now, just because I posted this, the seller may start selling in odd lots....ie 23141......LOL All that says he is reading this message board.
The only sellers with large positions is the old regime and only one of those folks had 3.3 million shares. Peanuts in contrast to the fact there is only 42 million OS. Float is about 28 million. Peanuts.
Let us be patient and not be hereos. Personally, I would hold off adding any even at this level. Why? The seller wants out, IMO and is willing to get out at any level IMO. That said, let us see if he/she is willing to sell us some stock below .001.....JMO
Disclaimer: I am not financial advisor and this is not a solicition to buy or sell WMDA. It is just my opinion and my opinion only. Please seek professional financial advise when investing in the penny market.
I am a big fan of the RSI. That stays in check and we continue to up tick, then one day, kaboom. One of the best looking charts of any stock I have seen in quite some time.
I have a few positions going nuts today and few others getting primed to take off. I will have to roll that money into something before the year is out. hehehehehehe
I assure you, it has never been a dull moment around here. LOL
BKs and empty shells, if you can stomach them, and be patient through the legal wranglings and shells changing hands, they are well worth the wait.
Let us hope. Never like to see a large even trade hit the bid. Never a good sign. No need to be a hero today. Hold on to your cash. I think he may show up soon with some more cheap shares to sell us....JMO
Well, the seller is back..... Bummer.
Congrats! We have another mighty thin one here. Me, being patient. We have some nice liquidity. So few shares. Let us just hope this is someone wanting out again that bought too high on that run.
Sorry for the double posts. I am trying out the Beta 9, Internet Explorer. It drags sometimes. They obviously have some kinks to work out. Otherwise, I like it. Very similiar to Google's Chrome.
The seller is gone? Something brewing? Hold your shares on this small run up. We want that to show up in the daily %percentage% moves because then it will show up on a few more radars.
Yes, it is. I am still a believer the recent run up was insiders getting in. We may an RM happening here.... JMO
Yes, it is. I am still a believer the recent run up was insiders getting in. We may an RM happening here.... JMO
Anyone watching? WOW!
We have a live wire here folks. I will fill in the blanks when I am able to connect that wire.
42 million OS is the share count. I got a confirmation on the share count today via the old Transfer agent. There is no record of a new transfer agent. I followed up with the transfer agent. They said they would have forwarded any neccessary documentation to the new transfer agent and there never has been any request to do so.
That is sweeeeeetttt!!
I am still digging around to see what caused the recent run up.
Too early to say, but it is definitely on a few more folks radar.
I have seen these pennies spike for no apparent reason, then a few months later, you see an announcement the shell has exchanged hands through a form of a Reverse Merger.
I have had this one my watchlist for a couple of years now. It has always traded a few shares, but nothing like it has recently.
Stil quite active, IMO.
Ditto, been holding for over a year now. This is what investing is all about. Things looked bleak, however, there were some promising aspects to this story and now the odds are even more in our favor. That is what kept me around.
The most compelling aspect of this story from the get go was the shell itself. It still is. There is only 55 million OS. You can tell by the way it trades the float is mighty small.
My DD, as I dug deeper and deeper into this story told me there was no debentures, no bonds, no preferreds, nothing attached to this shell Pre-Bankruptcy. I was baffled by that aspect. Was old management that clueless? Was the Bankruptcy intentional? Nothing made any sense. A management that blew through $27 million in less than 5 years, peddling an energy drink? Why wasn't the shell initially included as an asset? All shells are assets.
The shell is the vehicle to allow someone or some company to go public. Since all the court docs were saying it was a chapter 7 at the time and there were no assets to be distributed; this one was done and put a fork in it. That baffled me even more.
There are shells being taken over every day. You just have to be patient once you come across one. The legal system takes times, sometimes a lot longer than you and I wish.
Now we have a shell, a clean shell, no debt, none, zero, 55 million OS, an NOL of $27 million, trading @ .03. Yes, trading, liqudity. Do you realize how many shells are out there today that don't trade? Thousands of them.
I, along with a few others here were in a shell last year, symbol CWDW, now GRMS. The DD we thought on that one was rock solid. Everything we pulled up pointed to www.palmazscientific.com as the company that would be rolled into the shell. It didn't happen.
However, the shell was a clean shell with very little debt and it did eventually do a RM with a Green Energy company.
Very similar scenario here too. Tons of DD. However, just like CWDW, one thing is for certain, we now have a clean shell and it is very ripe for the pickens. A shell with liquidity is a valuable asset to anyone who wants to go public. You factor in no debt, no more legal claims, and a $27 million NOL at someone's disposal, I believe is worth a hell a lot more than .03/share. Just My Opinion.
I love these shells. Many told me this one was dead. It couldn't happen. My DD told me otherwise. Once you stumble across these shells with small OS, you take a position, kick the tires and remain patient. It is best to find these ones that are basically dormant or appear to be dormant because then there is less chance of dilution. Someone will eventually take it over.
10.28.10 was the last day for whomever initially filed the opposition back in June 29, 2010, to submit their reason why it should not be approved.
I can't recall the name of the company and I thought I had saved the link, but I can't find it at this moment. The company filing an opposition was in a completely different line of business.
A registered Trademark, many don't realize can be used by numerous companies as long as is not detrimentally affecting the other company's business.
A registered trademark only has merit within the U.S.
C. A wide variety of conditions and limitations may apply to the grant of a concurrent use registration such as:
1. The geographical area for use of the mark may be limited.
2. The use may be limited to specific goods.
http://www.unc.edu/~unclng/interpartes.htm
http://tarr.uspto.gov/servlet/tarr?regser=serial&entry=77895724
http://www.trademarkia.com/pompis-77895724.html
All that said,as of today, it has little or no bearing on PFOB, the shell. The only association it has is Backside is the company owned by Michael Holigan. He is also owns Merge Beverages, the company that has been approved by the courts to take over the shell, PFOB.
Until we see a PR or a filing, our focus, in all honesty needs to remain on the shell, PFOB. A shell with no debt and a $27 million NOL attached to it. A profitable company could take advantage of that $27 million NOL. That happens, then we are really off to the races. All Just My Opinion. I am not an IRS attorney. It will be up to the IRS and CFO of the company that actually moves into the shell if they can actually use that NOL. All JMO
Yes, patience is key in these pennies. Uncovered the dust in one that was in Chapter 7 down in this range and waited out the courts for a year and is now trading in the .03 range. Expecting to go much higher.
What is the latest on the OS here? I see in the IBOX there is an AS of 1 Billion. Has anyone followed up with the transfer agent to get a current share count?
I recall seeing somewhere the OS was around 90 milliion. When was the last time you spoke with Mr. Diehl? Did he give you a share count at that time?
Thank you
By the way it is trading, I believe is more than just us Ihubbers chewing on this one. Charts look like a work of art. I am hoping it stays here a little while so I can get some more shares.
WMDA, shell with no debt and only 42 million OS. Moves very easily with little buying pressure.
Yes, that is what it sounds like to me.
Zalright. Shells like these don't come around that often. In doing my DD, we have a debt free shell. Now we just need to find the appropriate owner. Better yet, maybe get someone interested in acquiring the shell. I may kick the tires myself.
Look what happened to PFOB. It all started over a year ago October. It made a couple of runs above .03, then we had to sit on our hands and wait for the courts to work it out. It drifted back down below .01 in the waiting process.
It hit .10 twice over the past month and has trickled back down to the .03 range. It too is now debt free and getting ready to change hands.
We could see the same thing happen here. This story from what I see could be just as big of homerun if not bigger. Less shares in the OS and no need to deal with the courts.
We just need a few more eyes on this one. JMO
Ok, I too have been accumulating over the past week. Have you or anyone else talked to Mr. Diehl lately? I like these shell plays. Now we just have to wait and see what he does with it.
The chart is shaping up nicely. I would like to see the stock move higher myself ahead of news. JMO
Great news if you are still on board. I see it as great news.
All assets have been sold. I dug a little deeper and read a few of those 8-ks.
The assets were sold to settle up with the creditors. The only thing remaining is the shell itself.
Was it sold when the assets were sold? That is what I am trying to find out.
Either scenario, the shell is now debt free because the assets were sold to appease the creditors.
No debt and shell that trades. Check out PFOB. That was the same scenario and that one we brought back from the dead, from a Chapter 7. Yes, we, me, and a few others dug deep and someone was willing to go after the shell. One of the past creditors.
Here, we don't have to worry about the past creditors. All we need to know is who owns this shell and what they are going to do with it.
Someone owns the shell or someone is going to take it over. The recent run up may have had something to do with it. JMO
Someone may be getting ready to already put something into the shell. JMO
We have liquidity, a 27 million NOL at someone's disposal and shell with no debt.... Trading @ .03. Hell of a deal. JMO
I am in another shell, PFOB. Many thought that would never come back from the Dead. My DD told me different. It was a Bankrupt, Chapter 7 shell too. At one time PFOB was trading below .001
PFOB closed @ .043 today and I believe it is going much higher.
We have another shell here (WMDA) I believe is just as good of a play because this one is not in BK and there is so little debt against it.
Mr. Lavelle was the founder and CEO of nasdaq company, Cotelligent. He starts up WMDA with what looks like his own funds and a small group of investors. WMDA had only filed for less than two years.
They still have or it appears they have a Sub, OnSite Media. The phone number in the filings, 702.740.1700 goes to OnSite Media. I called the number myself and got their after answer servicing and left a long winded message telling the lady I am investor and would like to know what plans they have for the shell.
To me it is a perfect candidate for a Reverse Merger, similar to PFOB. Look what happen to PFOB. A shell, now debt free, and getting ready to change owners.
Same thing could happen here.. JMO.
Still digging to see what I can find.
The great thing about it all; I see only 42 million OS and it trades like it.
I really don't believe there has been any additional dilution since they stopped filing.
I did get a confirmation from computershare, their old transfer agent. They are no longer their transfer agent. No record of who the news transfer agent may be.
That being said, it looks like what we have is a shell with very little debt, (less than $100k) and a small OS.
All good, IMO.
James R Lavelle, CEO and founder of WatchIt Media, has a very imppressive resume.
He was once the CEO and founder of a publicly traded Nasdaq company, Cotelligent, Inc. It is still showing him as a board member of Cotelligent.
http://www.zoominfo.com/people/Lavelle_James_3077143.aspx
The transfer agent is Computershare. I have put in a request for them to give me a share count. I didn't see WMDA listed with them any longer. That being said, we may not have TA on this one and that is a good thing. That means no additional shares have been issued.
Digging deeper, Mr. Lavelle took WMDA public back in 2006 and it stopped filing by 2007. Why?
Total debt $83,529. Yes, that is not misprint.
Congrats to all the longs!
Let us thank Mr. Holigan for following up on what we believed to be a viable entity, PFOB shell.
Many had their doubts we would see this day. Yeeeeeeehhhhhaaaaa.
It is official now!
A clean shell!
No debt!
In the hands of a very successful businessman, Michael Holigan.
It remains to be seen what he actually does with the shell. That is all irrelevant at this stage.
A clean shell with no debt and a $27 million NOL at his or anyone else's disposal is well worth a hell of lot more than .03. JMO
It is 42 million OS. I was wrong. Still trying to track down the TA before I call the company.
Here is something of interest. This is one of its Subs or was one of its Subs.
http://onsiteconcierge.com/company#3
Called OnSite Media
Last filing says 36 million. I have not put a call into the TA. Will do. It trades like there is less than 10 million in the float. Something up? Could be. Holding its own after that move from last week. Too early to tell.
From what I have dug up to this point, there is very little as far as the filings are concerned and the CEO had financed it himself a few times.
They are still doing business in San Francisco.
http://www.manta.com/c/mm44t7j/wilderness-society
Ditto, love the share structure. No real debt against it either. Ripe for the pickens for anyone that wants a shell. Holding another shell that is coming out of BK, PFOB. There is an example, if you wait these out, they can pay ten fold. Looking for PFOB to go much higher. JMO
I have had this one on my watchlist for quite some time. My alert triggered the other day on the run. Could only get a few down below. Didn't have enough to let go on the run.
Because of the run, this one is on a few more radars. :)
The monthly balance sheet is out. I found it in the BK filings. It should come out in 8-k form Monday or Tuesday.
If you are new to the BK or the cash position; your head will spin. My spins and I have been following the BK religously.
Many or most of the liabilities to compromise is old debt or debt that was non cash impairment charges.
To make a long story short, I believe there will be some cash left over.
Pre-Tax news you brought to our attention, I am still seeing green coming back to the shareholders.
If the Tax windfall comes CCTYQ's way, which I believe it will, we could win big! Big! Big!
Worse case scenario, when it is all said and done, I believe the stock will be trading way north of its current level. JMO
GLTA!
Why are you so concerned? You are in this thing below .01. How many folks would like to trade places with VC today?
Come On dude!
You really need to count your blessings and take a qualude.......
Like I said, Positive energy breeds positive results. Think positve, be positive, act positive and positive things will happen to you.
Reflecting why there is a seller @ .04 is not being positive.
Thinking about your $150k your going to make is being positive.
Worried about all the wrong things all the time can really get the best of you.
Tell your friends and family you are up well over 400% in this position. That will get them not only excited for you, but it may get them a little interested in the story.....:)