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Dog:
Been following this stock for a couple of weeks. I think you are on the right track of alerting authorities. Might I suggest Mr. Curtis at the SEC. He was just named the head of enforcement. He came out of the Denver office and was instrumental in taking down another well know fraudster, Richard Altomare of Universal Express. Altomare is currently cooling his heals in the Metropolitan Correction Center in NY on contempt charges. DOJ is investigating.
In any event, Curtis has responded to emails sent to him at this address: CurtisG@sec.gov
You dont need a ton of info, just tell briefly explain the info and he will follow up.
Lightnin
I am freebie freeloader, but agree with pm
Grant:
Guess you cant think beyond what you are told. My mistake, wont happen again
While pleased with pr, I still dont understand the need for silence. If anyone can give a reason updating shareholders on the progress of the roll out is a problem, i will listen.
Said the same thing yesterday, but it was deleted. Also, dont understand that.
I think this was very good news. The approval signals to me, that the molds are in and test runs have been made. After all, I am the Chinese inspectors wanted to see the actual product (new bottle and water).
If all other regulatory hurdles have been met, I see no reason why they cant start producing. Don't know how long it will take to produce enough for the launch, but add two weeks to that date for it to be on shelves.
My guess is Woolong wants an initial quantity to stock the shelves of the stores that will carry it. I would guesstimate at least 100,000 cases to start.
A 100,000 case order jives with the 750K to 1MM volume they said they would ship in 2008. Figure 100,000 per month and ramping up later in the year.
IMO, we are a month behind schedule, but progress is being made. Doesn't seem like they are going to be putting anymore timelines on things.
Banana:
I must say, even if I think it is pure BS, which I do, Hands did a good job putting the package together.
You know the old saying "lightning never strikes the same place twice". Well so far, it hasn't struck PYCT. All it needs is a couple of good pr's, fact or fiction, and many people will A) make good money on a flip; or B) Be able to exit with out too severe of a loss.
I am still trying to enter at the .0001 level. Hard to get now.
poop:
I would post it but it would be immediately be deleted
how is someone supposed to get shares with no volume?
who are you MMSmith?
While I can understand people's viewpoint regarding Woolong's desire to suppress information, in the long term, AQUI management needs to work for the benefit of its shareholders. IMO, there is no reason for not updating shareholders on the status of the roll out.
I am open to hearing any substantive reason for keeping information quiet at this time. What benefit does Woolong derive from suppressing positive news? The only benefit I see is if the news is bad.
Poop:
I will be the first to admit, as previously stated, that this business plan has a very little chance of succeeding. What I find interesting is that there are some that are so interested in the letter, but yet, I have offered to email it, and have had not takers.
I am looking at picking some .0001's as a lotto ticket, probably a real lotto ticket has a better chance, but all i had to do was e-mail Hands and he e-mailed the info. It is really quite easy.
I am not a shareholder and I know all about scams. In fact, i attended everyone of Richard Altomare's court hearings. He and that Urban guy probably were the biggest of the big scammers in the pinksheets.
Yes, the plan most likely has no chance of ever making it, much less getting off the ground.
But what the heck, I am going to buy some shares tomorrow as a lotto play. Going in with eyes wide open and realizing there is a good chance of being stuck. But its only pocket change.
By the way, nothing I read in the letter is convincing me to invest, just been following it and all it needs is a couple of pr's, some momo investors and I will make 100-200%.
Poop:
According to the material, PYCT is ready to go:
"Until now, the rights to this remarkable tech-
nology have been held by a tiny Canadian
company, Consolidated Ecoprogress, that
struggled to compete in the jungle of giant US
retail. Despite exceptional consumer appeal
the Flushaway line needed more marketing
muscle.
Now in the hands of PayChest, the mass-mar-
ket potential of Flushaway™ products looks
set to become a reality."
The main part is pdf, it is one those Financial Profile things like someone posted here on CES
you can read it yourself, Poop, just give me an email address to send it to.
Lakers:
All the letter says is that CES benefits from hooking up with PYCT as it has 6500 shareholders and the ability to raise substantial amount of capital. The Capital will be required to address the issues you raise, marketing, promotion and manufacturing.
If you want a copy, give me your email address
Nothing from PYCT, just another email from Hands.
I am not a chart guy, but it appears that if the hourly moving average equates to the 60 minute moving average, we should go green.
FYI, just a joke.
Wally:
There are three type of posters on the board, well actually four:
1. Those that grumble as they got in at a higher price and are frustrated at the lack of communication and share price.
2. Those are in, myself included, that are in a much lower price and still underwater, but are frustrated with the communication and share price, but arent bleeding too bad.
3. the flippers that if done right have made out ok. In honesty, I flipped initially and ended up with a good amount of freebies. But double down and am now down a little bit based on todays price.
4. The bashers who just want to call this a scam.These are people that, IMO, have a right to post, but I dont pay any attention to any of them. In fact, the "to da moon, cheapies, scam, dilution" and other one line comments add no value to me.
Actually, I forgot the fifth category, those are silent on the sidelines and post infrequently. They may be the smartest of us all.
Good luck.
no mail from pyct, but i finally got one from hands.
and I didn't pick up any over the last week. Man, my timing is off.
MPP:
I thought the same thing, unless the person who got the email responded negatively.
If you, Paul & Dan, are reading this, we only ask for an update on the progress (good, bad or indifferent).
Anyone understand this comment by Paul T.? I am not a pinkie expert, but why cant this issue free trading shares?
" We still have to rely on private investments to get our business going since we have not yet found a way to offer free trading shares to pay for investments".
Sparky
The problem with this trading this low is that flippers and retail investors load up down here and sell when it hits the .03 thus creating resistance for a higher price.
The longer we are down in basement, the harder it is rise up.
Markss
didnt work for me, what is it
That response was exactly what Paul said to me in the NYC meeting when I was asking him questions. Attitudes like that clear show his lack of understanding of being part of a publicly traded company.
Part of the reason for doing a r/m into a publicly traded company is to have the ability to raise funds for operations and acquisitions. This is NOT the type of attitude that makes a investor want to invest in any new offering (working capital, second bottling line, etc.).
Unfortunately, Paul is probably the brightest of the bunch. Also, i thought he was a company officer? I guess just an investor.
One should also realize that while Paul, Dan and the sabre fighting guy have invested and/or lent money to the company, the salaries alone have almost sucked all that investment back out. Meaning, they are sitting on free shares.
Let's just hope they actually are moving in the right direction.
In until end of June and then re-evaluate. BTW, I only invested after the NYC meeting, so I my mind, i invested in AQUI!!!!
most cost effective and environmentally friendly way to broadcast the news is via publication in a pr and posting on the website.
Yes, i know that. as of the last hearing, $1.1MM has been collected but only enough to cover tifford's fees and expenses.
I would like to clarify my earlier post. I couldn't understand in the first place why AQUI would want a big four firm. Yes, it adds credibility, but in reality, the company ends up getting short changed. At best they would get the most junior of junior staffers and the cost would be huge. That is why most small and mid-size companies go with a regional.
At first I thought Woolong may have demanded it as there may have been some short of equity investment by Woolong into Acqui or a revenue sharing agreement. If E&Y were Woolong's auditors, that would make some sense.
I don't have any issue with using a local accounting firm, but to pr that E&Y is your firm and if it ends up not, that just leads to more credibility issues and makes them look like the three stooges.
I tried to buy 1 share today, but my broker couldn't make change from a penny. He said I would have to invest the whole penny if I wanted to get the shareholder letter. Told him it wasn't worth it.
I think the facts show that RA and Tiff seized the $700MM judgement. Tiff get 40% and RA 30%. I dont think judge Lynch accepted RA pledge of his personal cut to keep out of jail.
Brad, I was referring to DJ, HOP, H2NO
1) Been reviewing the messages from the last couple of days. Needless to say, this is quite frustrating. The biggest disappointment was seeing the removal of E&Y from pinksheets. I believe one poster said it was at the firm's request. Hard to know what is really going on with that.
But from my experience, when you retain/hire an accountant, you sign a contract. It doesn't matter if they have done any work, they are your accountants and AQUI should be able to publish that info. In fact, all "reporting" companies are required to file an 8k reporting that there has been a change in accountants. Yes, even BB companies have to do it.
Further, most publicly traded companies put the retaining/hiring of an accountant on the proxy statement and it is voted on at the annual shareholders meeting. 99.9% of the time, a mere formalitym but it is standard.
2) I also saw some comments regarding E&Y certifying the contract. Again, from my experience, accountants dont certify contracts, they are only interested in the mechanics so they can accurately classify revenue and expense.
Lawyers on the other hand, can issue an opinion as to the validity of the contract. Generally, in transactions, attorney from both side will issue opinions stating that they believe the transaction/contract are legally binding.
So if anyone is going to "certify" a contract, it would be AQUI's attorney's.
In light of the non-existent communication coupled with E&Y disclosure, I think there is real cause for concern. Obviously, this is magnified by the low share price.
I am staying the course as previously posted, holding no matter what until end of june, then make the decision.
you guys are too funny, a small portion of letters were sent out and each of you got them. What are the odds of that happening?
How can they release "updated" information to only a few shareholders? Reg FD requires the company to notify the investing public of any material information.
Either the letter does not contain any info outside of what has been publicly released or they are in violation of disclosure regulations.
I invested in a stock named aquagold (AQUI) which has been tanking after the mods were pumping it. Some folks have suggested that the mods were getting stock to support it on the boards. Anyone hear of any other circumstances like that.
I dont post much, but have to say I appreciate the dd and the board moderating. I read each post but dont give any much weight in decision making. I am not a long timer having invested after attending the last investor meeting.
My perspective, for what its worth, is that the company probably does have at least one contract in china. After the investor meeting, which I gave good Sauve good marks for candor. I now am inclined to say that these three are not up to the task of getting us shareholders across the finish line. None of them are experienced managers much less experienced in running a public company, in particular a pinksheet.
I think the concept is good and they apparently are well connected in china via tang. If so, which i suspect is true, then the real risk lies in management. At this stage, I would say they are not capable of executing. Hope I am wrong, but if not, I hope they have enough sense to get someone in.
I even forwarded a suggestion in a guy who worked for 20+ years at Cadbury Schwepps who got caught up in a headcount reduction. no contact so far. Clearly, Daniel and Paul cant do it alone.
I am in, as stated before, until the end of June. Best of luck to all.
My two cents (or more than what a share costs):
The board has taken a drastic turn toward the negative. With the stock price it is understandable. I too an quite disappointed with not only the share price, but the lack of communication from management. And no, i dont want to hear from IR. I sent Dan an email at the beginning of last week and have not heard back anything. My questions were; have you received the molds? have the molds been installed? have you had a test run? When is the first shipment scheduled and how many cases? Have you set up a banking relationship to leverage the L/C?
All questions which I think should be and are, easily answered. At this point in time, I would strongly recommend an interactive webcast to update shareholders.
Having said all that, I have read messages suggesting this to be a scam, fraud etc. Having lived through one of the worst (Universal Express), this is no where near that. IMO, Dan and Co. are in over their heads and managing crisis everyday. Throw in the always difficult Chinese and you have a mess.
I still believe they will get it straight, but we are definitely off schedule. Better for the gang to fess up then to go silent which does nothing but cast suspisions.
My 2 cents from the cheap seats:
1. Fundings (note plural) are excellent news.
2. IMO, the company is finally moving forward.
3. More importantly, the initial funding leads me to believe that there is progess toward resolving the SEC issue.
4. Future looks bright.
5. Share price is holding despite the most recent funding which was 10 cents a share (i.e. highly discounted). Remember the dollar warrants are throw in's and dont have to be exercised.
6. In addition to coding, product development, keep an eye of the share price for future fundings, that IMO is a very key indicator of progress.
Board Members:
just to let you all know, i am on my to the subway down to the court house. will try to post full report tonight, if not, you can enjoy it with your morning coffee
anvil