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USEG coming off its channel lows
APPI chart is a buy confirmed?
Anyone play WDAM for a bounce?
USEY is doing a flagpole
HCA a short?
BAD DAY FOR CHART POSTINGS AND SPELLING. LOL
Good day bof bottom bouncers-NMKT
PMED chart
Going to Disnwy World on WDAM!
UPDA --Real!Riding these waves. Love these boards!
SNPD chart
We are not alone. LOL
http://www.investorshub.com/boards/read_msg.asp?message_id=8036722
LMMG could be bouncing again. Take the trades. They have been great.
Market is closed on Columbus Day, shakerz
Enjoy the Holiday.
Tusday Morning Opening Watch
GCCP
LMMG
DNTK
Where would you get into this LMMG, bb?
3 Million plus volume and .065? TIA
XDSL setting up nicely
BLYM on watch
MIDS looking middling
My read on this is that the company cannot make a comment for a period of ten days to why they have done and "on again" and 'off again" on the possibility of a R/S. I have seen this happen before about a year ago, and it turned out that the company was in the midst of doing a dedicated funding for an acquisition and the financier required the Board have the flexibility to do a R/S if the stock price rose to the point that the market capitalization would permit a move to a real exchange. (Let's face it, the OTCBB is not a REAL exchange--more like the Wild West).
Turned out the acquisition was great for the company and they did move to the AMEX after the benefits of the acquisition helped drive the stock up. They did the R/S, but the investors did not give a d amn because they were in the green and no longer invested in the OTCBB.
Hope this is the case here. I cannot imagine another reason why they would reintroduce the possibility unless it was for a DGR. (Damn Good Reason)
If I can get away during work tomorrow, I will call IR and report back.
Received a reply to my email to IR.
Here it is:
The following is a response from David Lott, CEO of Limelight Media Group, on the SEC filing today by the company after inquiries by Investor Relations for LMMG, LC Group:
On June 30, 2005, Limelight acquired Impart, Inc which required a re-incorporation in Delaware no later than Oct 1, 2005. On August 30, 2005, the company filed the preliminary statement with the SEC regarding the re-incorporation. The filing also included a provision to allow the company to conduct what is known as a reverse split. The company determined this is necessary to position the company for trading on a another exchange. The SEC had 10 days to review to the filing prior to it become final. However, the SEC requested information which delayed the final filing. This delay altered the plans of the company. In analysis of the current conditions of the market and the business, the board determined that it should withdraw the automatic reverse stock split.
Today the company filed a new preliminary statement with the SEC. The statement provides for a reverse split but it is not automatic. The action will be at the discretion of the Board of Directors, if and when, market or business conditions would require such an action in the interest of all shareholders. At this time, the Board of Directors do not feel a reverse split is in the best interest of the shareholders. So the question is asked "why is the item in the information statement filed today?"
The procedure that we must follow to make an amendment to the corporate charter is a 45 day to 60 day process, provided the SEC does not ask for additional information. Since the company recently experienced a comment letter from the SEC, the Board of Directors do not feel they have the luxury of simply waiting to seek an authorization for a reverse split in the future, if conditions warrant.
The company cannot be in a position to miss opportunities for movement to another exchange or other business that is in the best interest of all shareholders. According to the procedures in process, the SEC will review this filing. They have 10 days to seek additional information. After the 10 day process of review is completed and in absence of any comment letter by the SEC, I can provide much more detailed information on why the Board determined to seek a pre-approval from the SEC on a "potential" future reverse stock split. I am prohibited from commenting further no that fron until after the 10 days. However, I can assure you that no action is being taking without full consideration of what is in the best interests of all shareholders.
Thank you,
David V. Lott
CEO
UPDA daisy
AMEP
CBYI, bb.
CBYI wow 2!
IMDS at the bottom, waiting for a reversal (about .21?)
Bottom on NAAC?
GPTC one to watch
Beginner's run. IMDS
PMED
Bet it does not trade until MONDAY. LOL
Survey says.... LFWK is perfect for skiing. Bring your poles.
XKEM and NMKT chart
NMKT under accumulation during this weak price. I love to see this! Buying BEFORE it turns when the money flows show patient buying happening.
XKEM is a nice channel trader in the Sickle Cell Anemia market.
Watching NMKT and XKEM
XKEM
TRBY on the bottom
IMDS reversing --could be a bouncer on today's news.
ILCO
CALB had the same type OVERSOLD chart until very recently. It is worth watching these ones.
NMKT, ABTG, ONEV Bargain Basement---OVERSOLD--Watch List for hgih volume turn
NMKT
ABTG
ONEV
No bonehead, NXTI
NXTI chart