Evolving.
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I emailed Conrad.
----- Original Message -----
From: xxxx
To: Conrad Wall
Sent: Wednesday, April 16, 2008 1:57 PM
Subject: More information from Ihub
See 2 postings below - both are from today.
Posted by: Rhinegold
In reply to: $to©k_Pi©ker™ who wrote msg# 1368 Date:4/16/2008 1:48:32 PM
Post #of 1369
Here's what I found out today,
No luck in getting shares today guys. Such an issue w/ Ameritrade, the rep said, its an internal issue w/ Ameritrade, and he doesnt have authority to do the deal, but would "pass on the request to ameritrade superiors"
Posted by: $to©k_Pi©ker™
In reply to: None Date:4/16/2008 8:47:26 AM
Post #of 1369
Rhine, the Transfer Agent (signature transfer) told me that it is on Ameritrades end, and that Ameritrade needs to apply to
have the stock eligible for electronic transfer. They should know how to do it.
When you call up to order this morning, if you still cannot order - can you state this to the service rep?
Ameritrade initially told me that EIGH needed to re-enable electronic trading of shares, but the TA for EIGH says that no, Ameritrade needs to apply to have the stock eligible for electronic transfer.
Conrad Wall is looking into this.
----- Original Message -----
From: Conrad Wall
To: xxxxxxxxxxxxx
Sent: Tuesday, April 15, 2008 11:56 AM
Subject: RE: EIGH cannot be traded electronically any more? Is this true?
HI Ed,
Thanks for the email,
How did you get this info at in Ameritrade?
I’ll give them a call
Thanks,
Conrad
--------------------------------------------------------------------------------
From: xxxxxxxxxxxxxxx
Sent: 15 April 2008 16:50
To: Conrad Wall
Cc: info@8000inc.com
Subject: EIGH cannot be traded electronically any more? Is this true?
Posted by: $to©k_Pi©ker™
In reply to: Rhinegold who wrote msg# 1358
Date:4/15/2008 11:40:11 AM
Post # of 1359
Here is what i found out:
It seems that for transactions of EIGH, certificates are to be physically transferred, and not electronically transferred. So, for every transaction (buy) through Ameritrade, Ameritrade has to incur a mailing charge to physically get the certificates. Since this is so costly to Ameritrade (40 bucks a transaction i beleive), they will no longer trade EIGH.
This request to physically transfer certificates for EIGH seemed to come from either the company, MM or Transfer Agent. I have emailed the company about this problem.
Per the Ameritrade rep, what needs to be done is for the company to re-enable electronic trading of stock certificates. I beleive this can simply be done by having an officer of 8000 inc. call up Ameritrade and OK the electronic trading of EIGH.
You are welcome! With all of the work you have done for us on Ihub, posting news is the very least I can do. Thank you for all of your hard work.
News
Exit Only's (EXTO) Text4cars.com Signs Sam Swope Auto Group, the Biggest New and Used Car Dealership in Kentucky and Southern Indiana
More News related to EXTO
Exit Only's (EXTO) Text4cars.com Signs Sam Swope Auto Group, the Biggest New and Used Car Dealership in Kentucky and Southern Indiana
Exit Only Inc. (EXTO) Announces the Signing of Auction Direct USA
Exit Only Inc. Makes Announcement After Appearance in the 2008 NADA Show
Joint Venture Partner Shortcode USA Attended NADA Automotive Conference in San Francisco
More News related to EXTO
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AnGes MG, Inc. Launches Naglazyme in Japan
Philip Morris USA Makes Master Settlement Agreement Payment of Approximately $4 Billion
Monty Silverstone Publishes Guide to Acting and Auditioning For All Ages
iBidMotors Successfully Launches Online Bid Sale Product Site for Auto Dealer Groups
TransCanada Annual Meeting of Shareholders and First Quarter 2008 Teleconference and Webcast Advisory
More News related to Press Releases
April 15, 2008 10:39 AM EDT
SANTA MONICA, CA -- (MARKET WIRE) -- 04/15/08 -- Exit Only, Inc. (PINKSHEETS: EXTO) and Text4cars, a wholly owned subsidiary of Exit Only, Inc., are pleased to announce the signing of Sam Swope Auto Group to deliver their vehicle inventory to the Text4cars.com website.
The Sam Swope Auto Group, founded in 1951, is composed of 23 dealerships, 15 in Louisville, and 8 affiliated dealerships in Lexington, Radcliff, and Elizabethtown, Kentucky. In 2006 they sold over 100,000 vehicles, making them the #1 New and Used Car Dealer in the Kentucky and Southern Indiana region (as ranked by Business First, December 2007).
"We are very pleased to add the Sam Swope Auto Group to our website. The size and reputation of this Group increases shareholder value while enhancing our ability to continue to add top dealerships in the U.S. to Text4cars.com," said David Dion, C.E.O. of Exit Only, Inc.
About Sam Swope Auto Group
The Sam Swope Auto Group is owned by the Swope family of Louisville, Kentucky and is composed of 15 dealerships in Louisville, and 8 affiliated dealerships in Lexington, Radcliff, and Elizabethtown. Their dealerships include BMW, Cadillac, Lexus, Volvo, Infiniti, Toyota, Scion, Honda, Mitsubishi, Suzuki, Pontiac, GMC, Dodge, Buick, Ford, Chrysler, and Saturn. Sam Swope Auto Group has an excellent reputation for customer satisfaction and community relations. Please visit www.swope.com.
EXTF Trade halt? Are they reinstated?
From
http://www.otcbb.com/dynamic/marketwatch/tradehalthistory.stm
3/13/2008 09:30:00 EXTF EXTREME FITNESS, INC H10 3/28/2008 07:29:20 07:29:20 Yes u
I called Banc of America and spoke to a support person, who conferenced in a trader. I explained that someone who tried to buy shares using Ameritrade were told that it was no longer available unless purchased in person. The trader checked and found no news or other information that supported what the Ameritrade person told you. He said I should have no problems trading EIGH online (at Banc of America).
Perhaps one of the following happened:
(1) The person at Ameritrade keyed in an incorrect symbol.
(2) For some reason Ameritrade can no longer handle the stock.
(3) There is news that isn't fully diseminated yet which will explain this anomoly.
Maybe you could call one of the other trading houses to see if they have a similar situation.
WHY BE NASTY???? If you have nothing good to say, stay away! Chapter11 is taking care of his people....and doing a darn good job of it!!! Personally, I made a profit today.....(which is RARE for me).....profit thanks to Chapter11.
Another of Chapter11's excellent picks.
ARME back to life? Just traded at twice the price (.02 vs .01).
Back to life? Just traded at twice the price (.02 vs .01).
Maybe not sale...maybe part of stock reduction?
BHWF - why did insiders sell their stock?
From pinksheets:
Mar 12, 2008 BONENBERGER STEVEN
Officer direct Sell NA 2,378,604
Feb 25, 2008 PALOMAR ENTERPRISES INC
Beneficial Owner (10%) direct Sell NA 2,378,604
Feb 21, 2008 FOUCH BRENT
Officer direct Sell NA 2,378,604
Price history - original till about a month ago. Sure has been a roller coaster ride.
date open high low close volume
8/16/2007 0.6000 0.8000 0.6000 0.8000 35000
8/17/2007 0.8500 0.8500 0.6000 0.7000 40540
8/20/2007 0.7500 0.7500 0.7000 0.7000 2480
8/21/2007 0.7510 0.7510 0.7000 0.7000 2000
8/22/2007 0.7500 0.7500 0.7000 0.7000 4000
8/23/2007 0.7000 1.0000 0.4000 0.4000 237600
8/24/2007 0.8000 0.8000 0.4000 0.6500 1200
8/28/2007 0.6000 0.6500 0.5500 0.6000 55000
9/4/2007 0.2000 0.3000 0.2000 0.3000 5200
9/19/2007 0.1500 0.1500 0.0900 0.0900 41100
9/26/2007 0.1200 0.1400 0.1000 0.1200 63000
9/27/2007 0.1000 0.1000 0.0800 0.0900 811625
9/28/2007 0.1000 0.1000 0.1000 0.1000 41200
10/3/2007 0.0900 0.1000 0.0900 0.1000 6325
10/9/2007 0.0900 0.0900 0.0900 0.0900 20000
10/17/2007 0.0010 0.0500 0.0010 0.0500 55000
10/18/2007 0.0520 0.0800 0.0520 0.0800 6750
10/26/2007 0.0800 0.0800 0.0500 0.0500 30000
11/5/2007 0.0500 0.0500 0.0500 0.0500 16500
12/4/2007 0.1000 0.1000 0.1000 0.1000 10000
12/14/2007 0.0800 0.0900 0.0800 0.0900 45000
12/17/2007 0.1200 0.1500 0.0100 0.1400 125175
12/24/2007 0.1200 0.2000 0.1000 0.2000 66225
12/26/2007 0.2000 0.2000 0.2000 0.2000 1000
12/27/2007 0.0700 0.0700 0.0700 0.0700 4000
1/2/2008 0.1500 0.1900 0.1500 0.1900 18000
1/3/2008 0.1900 0.1900 0.1800 0.1800 3491
1/4/2008 0.1900 0.1900 0.1800 0.1800 25000
1/9/2008 0.1600 0.1800 0.1000 0.1800 23850
1/10/2008 0.1800 0.1800 0.1000 0.1000 9500
1/11/2008 0.1200 0.1800 0.1150 0.1298 637600
1/14/2008 0.1300 0.2100 0.1000 0.2000 219120
1/15/2008 0.2000 0.2600 0.1900 0.2300 191000
1/16/2008 0.2400 0.2400 0.1500 0.1500 2900
1/17/2008 0.1900 0.2400 0.1500 0.2200 22200
1/18/2008 0.1300 0.2000 0.1300 0.2000 11000
1/23/2008 0.1200 0.1600 0.1200 0.1200 11250
1/24/2008 0.1000 0.1000 0.1000 0.1000 16000
1/25/2008 0.1800 0.1900 0.1100 0.1900 20000
1/28/2008 0.1500 0.1700 0.1500 0.1500 78200
1/30/2008 0.1600 0.1600 0.1500 0.1500 6000
2/1/2008 0.1400 0.1400 0.1400 0.1400 34000
2/4/2008 0.1200 0.1200 0.0800 0.0800 77600
2/5/2008 0.0800 0.0800 0.0700 0.0800 22500
2/6/2008 0.0800 0.0900 0.0800 0.0800 70000
2/7/2008 0.0700 0.0700 0.0350 0.0400 146384
2/8/2008 0.0500 0.0700 0.0500 0.0500 9500
2/11/2008 0.0550 0.0550 0.0500 0.0550 24000
2/12/2008 0.0550 0.0550 0.0550 0.0550 5000
2/13/2008 0.0500 0.0550 0.0500 0.0550 6000
2/15/2008 0.0400 0.0400 0.0400 0.0400 22500
2/19/2008 0.0350 0.0350 0.0350 0.0350 5000
2/21/2008 0.0380 0.0450 0.0350 0.0450 57610
2/22/2008 0.0350 0.0350 0.0350 0.0350 14200
2/25/2008 0.0350 0.0350 0.0350 0.0350 15000
2/28/2008 0.0350 0.0350 0.0350 0.0350 5000
2/29/2008 0.0350 0.0400 0.0350 0.0400 182000
3/3/2008 0.0400 0.0400 0.0380 0.0400 84500
3/4/2008 0.0400 0.0400 0.0300 0.0300 78000
3/5/2008 0.0300 0.0350 0.0300 0.0350 155500
3/6/2008 0.0300 0.0300 0.0300 0.0300 7000
3/11/2008 0.0300 0.0300 0.0300 0.0300 5000
3/12/2008 0.0250 0.0250 0.0090 0.0090 447400
3/13/2008 0.0100 0.0150 0.0100 0.0148 51075
3/14/2008 0.0150 0.0250 0.0150 0.0250 145925
Oops - lowest price was .002. I should learn to proofread better.
Yes, StockPicker is quite good, isn't he? EIGH was my first stock purchase - on 08/21/07 (right after I opened my very first trading account). His was the 2nd post on this board...
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22149751
And my purchase was largely due to reading his posts.
I now have 1.5 million shares....which took over 20 trades to accomplish....and I bet they cost me more than anyone else (per share, that is.....from .75 per share down to .013 per share - and everything in between) LOL / sigh....
Best of luck to all of us....it has taken awhile but I think we are getting close to green (bright green maybe?)
Well said!! Yesterday I made a few hundred dollars by listening to Chapter11. That is the FIRST TIME I have ever bought and sold stock in one day and made a profit.
Did the subscriptions I bought the last few years help me?
Nope.
Did the "tips" I listened to the last few years help me?
Nope.
Did my own due diligence, intelligence, analysis, luck, etc. help me?
Again, (kind of embarrassing) I have to say nope.
I am grateful to Chapter11. I hope that this forum treats him fairly.
Should this board ever disappear from Ihub, I will google search for Chapter11 and hope to find him.
Again, thank you.
Why PK Caveat Emptor? Because of recent symbol and name change?
From pinksheets:
Estimated Market Cap
4,248 as of Apr 11, 2008
Outstanding Shares
1,699,212 as of Apr 23, 2007
Authorized Shares
25,000,000 as of Apr 23, 2007
Number of Share Holders of Record
190 as of May 31, 2005
Float
141,537 as of Apr 23, 2007
Company Notes
Formerly=Prime Restaurants, Inc. until 3-2008
Formerly=Vault Financial Services, Inc. until 4-07
Formerly=WorldWide Indoor Karting, Inc. until 11-03
Note=2-1-04 company is a development stage shell company
Formerly=Home Financing Centers, Inc. until 7-03
Merged=1-00 with Kentex Energy, Inc. prior to name change.Basis: 1 sh Home
Financing Centers, Inc. Com for every 50 shs Kentex Energy, Inc. Com held
Formerly=Kentex Energy, Inc. until 1-00
Formerly=International Texas Industries, Inc until 6-98
Company Officers
Cris Galo, President
Number of Employees
4 as of Jan 15, 2004
From OTCBB:
Prime Restaurants, Inc. Announces New Name & Trading Symbol Effective March 19, 2008
Prime Restaurants, Inc. (PINKSHEETS: PRSU) today announced that effective tomorrow March 19, 2008 the new name of the Company will be BIH Corporation and the new Trading Symbol will be BIHC.
This change in the name of the company and symbol change is being made to clear the way towards the closing of the company's prior announced acquisition of Baron International. The company now with this out of the way anticipates getting the paperwork finalized this week to close.
"We are relieved that the new symbol has been finally issued by NASDAQ so that the new company name and symbol can be incorporated into the paperwork pertaining to the closing of Baron International as this has been holding the closing up," said Mr. Cris Galo, President & CEO.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
Prime Restaurants, Inc.
Investor Relations
Tel: 1-866-532-5908
Fax: 1-239-437-5777
Contratulations!! We now have a resident basher / trouble maker / purveyor of factless statements.
Same players? Conrad Wall was involved in which other stocks?
I bit my tongue earlier, but I had to reply. I guess every stock has its PITA......just so annoying to have to put up with this.
Is there a limit on the number of shares that can be traded online? BOA has a limit of 100,000.
I found this while getting ready to put in an order. I have read a lot of scary comments about Cornell - any comments?
Not bashing - I don't know enough to even begin to comment LOL.
From http://www.equitygroups.com/otcbb/igpg/messages/72743.html
Financing Expenses
To obtain funding for our ongoing operations, we entered into securities purchase agreements during fiscal 2006 with Cornell Capital Partners, LP (“Cornell”), for the sale of $5,000,000 in secured convertible debentures and 12,000,000 warrants from which we received total net proceeds of $4,265,000 after fees associated with the transaction. The convertible feature of the debenture allows Cornell the option to have the note repaid with shares of our common stock. In accordance with accounting rules, the $5.0 million face amount of the note was discounted into both: 1) a derivative liability (to reflect the beneficial conversion feature) in an amount of $1.306 million, and 2) a warrant liability (to reflect the warrant value) in the amount of $3.694 million.
The derivative liability is marked to market at the end of each reporting period. As of June 30, 2006, after adjustment, we revalued this derivative liability and recorded a non-cash expense of $1.299 million. Generally, as the common stock price increases, gains are recorded because fewer shares are required to repay the debt. Conversely, as the common stock price decreases losses are recorded because more shares are required to repay the debt. We also recorded a non-cash expense of $1.931 million to reflect the amortization of the discount on the debenture.
I got a reply!!
http://www.cannonball8000.com/forum/index.php?topic=278.0
Also an investor of EIGH, but VERY interested in participating down the road. I am from the United States, so it is difficult for me to partake in the event and enjoy the experience. However, after the Singapore launch, they are supposedly entering Australia the following year (2010) and then i beleieve the United States (vegas) the following year. When they enter the United States, i will do my best to partake in that rally.
From all the participants comments, videos, pictures and general correspondence, sounds like it is an EXCELLENT time. I am currently only an investor, but look to also be an active participant in the future.
Posted this on Cannonball8000 forum:
Buy EIGH stock and support this company!
I have long admired Cannonball8000. I will probably never get to participate, but I am a stockholder, because I think this is not only a great event, but a smart business venture
http://www.cannonball8000.com/forum/index.php?topic=278.msg1748#msg1748
Hope this does not violate any rules anywhere.
From the website:
Cannonball 8000 increases its Power & Reach to the worlds media every year. As well as the media coverage we receive in top magazines such as FHM, Porsche Post, EVO, Max Power, AutoCar, 911 World to name but a few, we always receive a lot of local press wherever we go, as well as all the local press that our entrants go out there and get for themselves....... Keep up the good work!
Cannonball 8000 TV shows air on channels across the world from ITV1, Men and Motors, ESPN, Extreme to many more.
I am seeing pictures, etc., as usual. No red X's. The only red I see today is when I compare my cost to value for EIGH stock LOL.
Good grief! The price went from .0002 to .0001 on a 600 share purchase? Someone spent six cents and a broker fee? Or just MM tactics? Or just that I don't understand?
Are we sure that emails were actually sent by Conrad? Especially with one seeming to be an unsolicited reply? Sorry but I am taking those posts with a grain of salt. I would think that Conrad is focusing on day to day business and not spending his time on emails.
Which suits me fine, as it is the business that will increase the value of the stock.
Then why is the float 13,500,000 on the website? That number has been there since the beginning....and I wonder why the difference between outstanding (106750000) and shares held by management (86500000) does not equal the float (13500000)
Free trading vs Float - what is the difference? I thought they would be the same!
Thanks for the reply! I have been following this for a LONG (pun intended) time, and appreciate your posts (and those of the other helpful folks). Thanks to you all.
Float is still 13,500,000 on their website. Could this be the reason the prices have gone so crazy? Conrad putting more shares out for sale? (if dumb question sorry I am very new to this).
Sorry if repost - read so much my eyes are blurry.
FTS Group Plans Conference Call Next Week
March 27, 2008: 07:00 AM EST
FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company generating over $7 Million in sales during 2007, today announced that it will host a stockholder conference call next Thursday, April 3, after the market close. Call in details will be disclosed next week. Investors are urged to e-mail questions they would like to be addressed on the call to FTSGroup@aol.com.
FTS CEO Scott Gallagher commented, "It appears for some reason the market and investors do not fully understand the effects of the two recent transactions closed by FTS Group. First the OTG deal. We formed OTG Technologies Group, Inc., a wholly owned subsidiary of FTS Group, Inc. to operate and develop the assets we acquired from On the Go Healthcare, Inc. dba On the Go Technologies. These assets make up an IT Solutions provider that generates roughly $23 to $26 Million in annual sales. The Company generates gross profit margins in the range of 18% to 21%. We did not acquire the corporate overhead and management team of the public Company, On The Go Healthcare, Inc. Our financial modeling and projections are based on the new business being properly funded and a dramatic reduction in fixed operating costs. If we're successful in executing our plans the business should cash flow between $1.5 and $2 Million annually."
Gallagher continued, "With regards to the Elysium transaction, we sold our Internet Company Elysium Internet, Inc. to US Biodefense in exchange for a $1.5 Million Note and non dilutive preferred stock that convert into 60% of the issued and outstanding shares subject to certain restrictions. FTS immediately acquired significant assets expected to double stockholder value, the proceeds from the note will accelerate our convertible debt reduction plans. From a business perspective, Elysium now has the tools to build the Company from a start-up formed last July into a significant player in the Internet Media/Directory space. Both of these transactions will unequivocally have a positive impact going forward on the underlying value of FTS Group shares. And just to reiterate, we have no plans and will not effect a reverse stock split for any reason during 2008. My original shares were bought back in 2002 and were purchased for cash at $.03 a share, I own shares at $.20 as well so I feel the current market pain of our stockholders. Our current valuation is closer to that of an empty shell than a cash flow positive $30 Million Company. In the long run savvy investors taking advantage of the recent share decline should be very well rewarded. I plan to make additional open market purchases of FTS common stock after we come out of the current black out period. I look forward to further discussing the exciting opportunities these recent deals offer our Company and its stockholders on next weeks call."
I am boardmark number 180
WRII - how did you do that?
I HATE that stock. I lost money on that stock awhile ago.
I would NEVER have thought it would rise again.
And yet you were right. I am amazed and convinced.
Good work.
Yes, of course I read it. That is why I gave you the compliment LOL. Keep up the good work.
Thanks again.
I noticed some of the nasty posters have been banned by a moderator. I am glad to see that. You don't need to be distracted by nasty comments.
As they say, the proof is in the pudding. Today you delivered exactly what you said.
Thank you.
Those of us who appreciate your efforts thank you for them.
Those who don't like what you are doing have no obligation to read your board.
I appreciate your efforts - so thank you!!
I was looking for a good stock - found lots of positive info re: google....and then found this:
http://www.stockpatrol.com/article/key/gremusa407
What does an unsuccessful penny stock company do once it has implemented a reverse stock-split – its fifth since 2002 – once again shrinking the holdings of its current shareholders?
If the Company is GREM USA (OTCBB: GRUS) it sets the stage to issue new shares. In February 2007, GREM completed a 1 for 4 reverse stock-split. Then, on April 9, 2007, GREM filed a Form S-8 Registration Statement, registering 560 million shares for its GREM USA Stock Compensation Plan.” The newly registered shares can now be issued to – and sold by – consultants, advisors, officers, directors and employees of the Company.
GREM, which says it intends to design and sell guitars – but has yet to strike a profitable note – has been down this road before. On February 16, 2006, for example, the Company filed a Form S-8 registering 700 million shares of its common stock to be handed out to this same group. Some of those shares – 65 million – went to Gregory Reszel, a consultant who has been retained to design guitars for the Company. But far more stock – 490 million shares – was issued to Steven Carnes, a consultant who was engaged to provide vague “management and merger and acquisition services. As best we can determine, however, GREM’s “management” consists of its sole officer and director, Edward Miers, and the Company has not engaged in any meaningful mergers or acquisitions. StockPatrol.com readers will recognize Steven Carnes as a penny stock pro who has been involved with another pair of over-hyped, non-performing companies, Signature Leisure and Renovo Holdings.
Which officers, directors and consultants will be receiving the newly registered 560 million shares of GEM common stock? Miers remains the Company’s sole officer and director. Consultants? Stay tuned.
The site that led me to the information I posted earlier was
http://answers.yahoo.com/question/index?qid=20080305092530AAkQrc5
Anyone know about this company? Aquagold?
This is what i know...
Company Name: AquaGold International
www.aquagoldinternational .com
1. They are finalizing a reverse merger which has been in the works for about 2 months.
2. They are a Canadian Spring water Company with Contacts and Distribution in China (a booming market). Additionally Wal-Mart has done a review of their bottling facility run by Iroquois and gave it high marks.
3. The water sector as many of us know is experiencing growth.
4. China has very extreme water problems stemming from Drought & Polution
5. Once this company is done with the reverse merger (should happen this week), they plan to release contract information with their Chinese Business partners. Aquagold has already stated that these contracts have exceeded $500 Million.
6. This stock currently trades in the .07 cent - .08 cent range and is poised to jump quickly to the .50 cent to 1$ range.
Does anyone have any other information about it? I'd like to know if its a sound investment.
2 weeks ago (Tiebreaker)
Additional Details
2 weeks ago
Ticker symbol = ONMC
Answerer 3
ONMC is a pinksheet which has no SEC filings so it is impossible to verify much of anything.
The claims made by this company are very grand, along with being a pink sheet stock makes it highly possible they are not true or will not come to be. The same company was involved in early 2007 with a convicted criminal for ~8 months which brings further doubt. One of the officers also is linked to people with some shady pasts and links to fraud.
The transfer agent will not release the share count and the last # was "roughly" 225 million shares in the float with 500 million restricted.
with ~725 million outstanding it gives a market cap of ~50 million dollars which is very high for a company with 0 history, 0 assets and a cell phone as the point of contact.
.50 to 1 dollar is not likely to ever happen .01 is far more likely in the coming months from my experience in such matters.
One VERY telling thing is that at the main message board where this stock is being pumped, NO seasoned penny investors are PRESENT WHATSOEVER. Only people new to the market, traders and people who have pump and dumped many stocks in the past .
********CAVEAT EMPTOR***********
2 weeks ago
Source(s):
http://www.doyourdiligence.com/onmc/redf...
Error I meant .006 not .0006 but the rest of the post is correct.
Is someone manipulating this stock? Just to move the price around?
Today I see there was a transaction for 1,000 shares at .0006.
That is a value of six dollars! The broker fees are probably more.
Or am I not seeing something correctly?