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.
There it is guys....somewhat of an explanation....simply TAM has nothing to do with AFML, AFML just piggyback the security. Like I said in my post 172.....I wish you could SUE the Government for all the money we lost.... This is all in there wn SEC site, I mean ...come on I found it and I suck at Google.
There is nothing normal about this and there are no MM's right now. Aerofoam Metals inc has to reapply. (see my last post) and #165 from cowboy.
"They will need to file an SB-2 with the SEC and a 15c2-11 with the NASD, then they will have to get a market maker to sponsor them in the market and that market maker will have to file a form 211 with NASD saying they are willing to do this."
this all takes min 30 days depending how fast an MM will sponsor afml.
From what I understand, trading these securities (gray market) are traded by broker-dealers who negotiate directly with one another over computer networks and by phone. So until AFML restored there MM you will not see the traditional B/A for 30-60 days.
Right now we are running buy/sell match...you have 10000 sh to sell and two others want 5000 each there is a match and the seller will get .02 less than the "last" which would be (.15) and the buyers will buy at "last" presently at (.17).....this is evident if you look at the level 2 quotes. There is no real electronic spread since hault and not until we establish MM again will we see the b/a.
Why do you think it would not be? These stocks are fueled by speculation and emotion. Based on markets this company is involved in, providing everything is true. This has the potential to be at .50 or higher. I am convinced we would have seen .30 in a short time. Yes we have no news from the company yet the stock rebounds. Buyers out weight sellers 2days in a row which is great for trading in the gray market. I've watched allot of pinks over the years, and this is amazing performance in the stock all things considered. I really thought we were done, there should have been a blood bath, but as T said, this thing has got legs baby. I took a wait and see gamble ...so far so good. I'm somewhat skeptical still and could pull the trigger, but have become attached to this stock and I think either people know more than we do or its emotionally driven to buy this stock. They were buying between 17-21 all day....why??? on 6/12 1M shares traded between 19-25 we should have seen more that 250k shares on Thursday if they were dumping. That was just a above avg day for this stock. Lets hope for a good post from PC on Monday.
That's my opinion BC you can derive more questions from it I guess but It will only drive you crazy. Remember this is a company with a process to make foamed aluminum, 3 employees we know about, rent space in Canada and have a web site, and investors give it a market cap of 20M $ to date....go figure.
Have a good weekend
So far, looks like business as usual. Seems to be a .02 spread...sell being .02 lower than last. We would have definitely been in the .30 area if this fiasco did not happen.
It could have been some anomaly, and possibly irrelevant seeing the stock did not trade, weird. Did anyone trade this stock today??? or like me, take a wait and see. I would have tried to sell at .22- .23 had I been awake.
Just like cowboy said, we will bounce around in the gray market till they file the proper papers, then back to the pink, Should I feel good now? Are we out of the water yet or is a judgment still pending???? Never been through this, usually they go belly up.
Cavico is delisted CVCP Ticker is no longer recognized, they had PR throughout the suspension though. Cavico has failed to comply with Exchange Act Section 13(a) rules also.
Lets change the record, to ... GET THE PARTY STARTED
NO MORE SIMON AND GARFUNKEL
please!!!!
Just give me some PR white boyeeeee!!!!
what a day to sleep late
see SEC link
http://www.sec.gov/litigation/admin/2007/34-55968.pdf
I don't understand the document, only CAVICO is mentioned, but the other 2 are listed, but never mentioned. AFML is the only one reduced to .01 the others seem to be where they have been since 6/12 even though CVCP was revoked.
I think the secretary fled with her life. Would you want to show up to work today??
In the Matter of
Laminaire Corp.(n/k/a Cavico Corp.), CVCP
TAM Restaurants, Inc.(n/k/a Aerofoam Metals, Inc.), AFML
and Upside Development, Inc.(n/k/a Amorocorp), AORO
IF Ameritrade is right... THE FAT LADY HAS SUNG #*&@ !!!!!
I’m just saying if this is a shell company, PC duped the mayor.
If so, PC is the best BS artist and hopefully will be seeing some hard time. Other than company PR I can not find anyone or any article to collaborate one claim....can anyone else.
Why would it be politics as usual or a photo op...a small company with no promise of jobs, or foreseeable economic growth for the city. Makes me wonder, did it happen at all. Cymat does the same thing. No mention of a Mayor there.
As far as Cavico, It is what it is. I was just providing and example. They are in contact with shareholders and are going thought the motion to trade again. Its was just an example while we wait.
.
here is an example...... see news on Cavico Corporation (OTC:CVCP.PK) SEC halted, similar issue. This company story to date is what we might see with afml.
has anyone called today??
yeah, I too looked up the address in google maps and did a satellite view and it seems to be the building they show on there web site. Has anyone noticed on AFML web site there is a newswire artical that said:
"Open House, held December 16th, 2004 at the company's new corporate headquarters in Mississauga, Ontario.
With area media looking on, Mayor Hazel McCallion officially welcomed us to the community.
The Open House was our way of saying thank you to all of the people, both inside the company and out, who have shown us their support. "
If this was true, and did happen I find it hard to a mayor would present in this way without knowing who this company was.
This is my take on this whole thing. Remember you asked.
What I have gathered on this company and a few assumptions.
Aerofoam claims to have a process to produce foamed aluminum. At some point in time in 2004, AFML went bankrupt developing the material (assumption) then it sounds like they were just licensing the process, but now they are producing it as well as licensing. They piggybacked the security on to TAM Restaurants a New York restaurants chain . Registered (REGDEX) this company in 9/11/2006 as Aerofoam Metals Inc. The only thing here is a typo on Mississauga is spelt ( Missiiisuga) …they have not filed any 10Qsb's since registering a company "Ronnie D"(Moderator) touted a stock GBDX filed redex 10/06 and has yet to file 10QSB , anyway the SEC says nothing filed since 2001 but it was TAM restaurant which went bankrupt in 2001 which claimed that they could not survive after “ 9/11” . AFML filed bankruptcy in 2003 but in December 16th, 2004 at the company's new corporate headquarters in Mississauga, Ontario. Invited hundreds of clients, investors, dignitaries, friends and family who turned out for our first-ever Open House.
So the SEC bastards halted trade for lack of 10QSB and it says they did not register the name change. So maybe that is why THEY SAY MISTAKEN ID, because if I’m not mistaken regdex is a registration but there should have been a form for the name change TAM to AFML to Aerofoam Metals Inc. I cant find that. So in actuality it could just be a minor screw up that is major screw up to us. Now they need to file financials to date by a LLC CPA Firm. I don’t know if they can put it together in the allotted time (10 days) but seems they would only need to file a few quarters of financials. Not sure what the SEC is looking for to get it trading again. Basically the SEC did this to make sure they are legit but if they were sending the company warning which PC says he never received they should have been posted on the SEC website.
No PR or returned phone calls is not the prob. They can’t tell you anything they have not made public first and right now there is nothing to tell. I’m sure, prior to coming online with trading there will be an update, if not then this is a shell company and they hauled ass out of there with what they could. As long as someone is answering the phone, is a good sign. I hope we see something Monday or it may be sometime before we see action in the stock again. . The initial message indicates (unless BS) that they were blind sided as we were by the halt. I call the company on 6/14 after not seeing the sock move for the second day. I said I was an investor and was there anything wrong with the stock, because it was not moving. She said NO but let me take your name and # and someone will call you. Exactly 1 hour later there was the posting “Mistaken ID” I got my answer but nobody ever called.
AFML have hopes to expand into different markets for this wonder material. I have no doubts this material (foamed aluminum) is real. There are a couple of companies that make the material but none that claim to get it as thin as 2mm Cymat which is in Mississauga, Ontario, Canada also (that’s funny ) only claims a 12.5 mm thickness and Australian company Schwarzenau-based Metcomb Nanostructures I could not find any info on the company. So the only 2 compaies that have this are in Ontario????
Hopefully I have my facts right, If we get a good explanation from PC then I don't inticipate a blood bath. Faith in mgmt is key.
I never heard of gray sheets. One particularcompany that was suspended "Irwin Resources (IWRS)" a few months ago seemed to recover 4/12 it was .15...suspended 4/13 @ .15...two weeks later it was still .15 not sure when it actually resumed Ill have to dig deeper but did not drop till 5/3 to .10 POSSIBLY IT RESUMED 5/3 the whole time there was 0 PR. Since then it has been as high as .25 although briefly. A few other I can quote are cgdc.pk, eqtp.pk and arss.pk. some dropped but recovered at least half.
EXTRA....
Don't know if you saw this:
TAM Restaurants, Inc. (n/k/a Aerofoam Metals, Inc.) (“AFML”) (CIK No. 1048796) is a Delaware corporation located in Staten Island, New York with a class of equity securities registered with the Commission pursuant to Exchange Act Section 12(g). AFML is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-QSB for the period ended June 27, 2001. On May 19, 2003, AFML filed for bankruptcy under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. The bankruptcy proceeding was dismissed on October 7, 2004. On March 21, 2006, AFML changed its name to Aerofoam Metals, Inc., but failed to report that change to the Commission, but should have, as required by Commission rule. On June 15, 2006, AFML implemented a 1 for 1,000 reverse stock split. As of June 8, 2007, the common stock of AFML was quoted on the Pink Sheets, had twenty-one market makers, and was eligible for the piggyback exemption of Exchange Act Rule 15c2-11(f)(3). AFML’s common stock had an average daily trading volume of 97,320 shares during the six months ended January 9, 2007.
This tells the story to date.
Should be catch the falling knife “AND” dollar cost average … my apology... also other typo should be chalk not caulk.
What I mean: Keep or Dump at what you can get at this time AFML opens. . Dollar cost average = buy at what we think is bottom and buy again if it goes lower. This bet could average out loses. The whole time it will be like catching a knife. predicting the bottom and trying to jump back in, sometimes you miss and it hits your foot.
I know you know what they mean just trying to explain my thought.
Like Heppie I saw this company in a spam. I watched it for a while, an stupid me let the fact that no financials were available go and through caution into the wind (its worked out before). I agree, we all will be caulking this one up, although for me I could have had a semester at a decent college.
I started keeping track of those spams, now I know there all pump and dump, but wanted to see if there was any pattern or if any were viable. For a lot of reason I liked AFML and bet this could be something. Out of 15 spam’d stocks this is the only one up to date, and is up about 64% from were I could have bought it @ .14. All the others are down 70 - 90%. Penny stocks as we all know are risky but there fun. Just have to be careful who you hitch your wagon to IMO.
From what I gather we all are feeling the same way. So when this thing opens up do we catch the falling knife or dollar cost average it?
If any shareholders live near Mississauga, Ontario. They should take a drive over there and see whats going on. I’m about 8hrs drive and was contemplating a drive out there, but can’t fit it in the schedule for sometime. Has anybody on this board been there??
Hello, Just found this site. It's good to find forum for this stock. I, like all of you was broad sided 6/13 and agree this company needs to keep up the PR. On the positive side, a few companies that I looked at that were previously in this situation did bounce back unless, what I can gather were defunct to begin with.. hence the lack of reporting. I would like to see Paul C. relay that they are working on being fully compliant, not this BS of Mistaken Identity.