@Quik18holes ~~>>Finding 10,000+% Gainers<<~~ It's What I Do Best!!!
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The charts suggest a possible break in the downward trendline at the.45 PPS..meaning that with more than normal volume an upward break out would be very plausible.
There does in fact need to be more volume/interest though, not only in this stock but in the Solar Sector as a whole. With the pre-election correction painting doom and gloom on everything, imo, the Solar Sector will be of focus with many investors/traders.
We shall see!
SSHH! That's a secret! hehe ;)
Yeah, in fact volume is low all together. But her, it doesn't change the fact that green is better than red! Imo. =D
I want to hear some news! ;)
Nice bounce in the PPS today! Nice to see green on a horrible day for the markets.
That's one helluva forecast there Mr WeatherBill!! =D
Boy, that Ambac bailout snag has sure put a dark cloud on the markets today. Then on top of that a bunch of horrible economic #'s were released today showing stagflationary data =.(
I suppose in the big scheme of things, ERUC is holding up nicely! =D
Yes, that will be the prevailing question for sure! It kind of lingers over us as we don't know if further dilution is ahead, but read my pm to ya, there is interesting info you should check out and it might show you a different perspective on how dilution can be done without affecting the uptrend!
Oh I had a bunch of posts that all went together and exotic removed them so now it all makes no sense. lolz. Kind of hard to make a point when the point has been removed.
I really don't care! But it was fun!
One last thing!....
ERUC..apply directly to your forehead!! =D~
ERUC will close above .0035 today and that is my fun prediction! weeeee!
See ya at the bell everyone!
It would probably just be easier to read all my posts rather than me sit here bored pasting the fact that I KNOW about the dilution! lmao
Posted by: Quik18holes
In reply to: Quik18holes who wrote msg# 1790 Date:2/20/2008 11:52:36 PM
Post #of 2189
Now having read my last post consider this...
Since the shares issued for the various services as mentioned below at a specific per share value; totalling a specific monetary value per each transaction, that means.. that should any of the parties mentioned below decide to sell shares right now to obtain their specific monies due to them for these services, they will be diluting shares well beyond that of those shares mentioned because of the fact the per share value is significantly lower. For instance it mentions below that "Stock issued for services- In May 2007, the Company issued 12,500,000 shares to satisfy legal fees. The shares have been valued at $0.40 per share for a total of $5,000,000." ..now since the current per share price is less than a penny at the moment you would have to multiply 12,500,000 shares by 40 (500 million shares being diluted instead of 12,500,000) and that is how many shares will be diluted in order for that particular party to achieve the value of $5mill. as per the issuance.
I could be way off on this, and hopefully I am, but now add the other issuances for services mentioned below and do the same math and you end up with a couple billion shares outstanding. If ERUC's stock price keep going lower than the dilution will just get worse and the shares outstanding will get larger and larger. This is my opinion and I am hoping others have thoughts on this?!
ER Urgent Care Holdings Inc: SB-2, Sub-Doc 1, Page 75
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Table of Contents
NOTE 3 - EQUITY
Reverse Stock Split- The company authorized a 13-1 reverse stock split effective April 23, 2007.
Stock issued for services- In May 2007, the Company issued 12,500,000 shares to satisfy legal fees. The shares have been valued at $0.40 per share for a total of $5,000,000.
On May 14, 2007, the Company issued 1,843,125 shares for financing services. The shares have been valued at $0.40 per share for a total of $737,250.
During June 2007, the Company issued 14,449,460 shares at $0.26 per share to an officer of the Company, for a total of $3,756,860 for services.
NOTE 4 - INTANGIBLE ASSETS
On March 30, 2007, the Company entered into an asset purchase agreement to take over a family medical practice located in Deland, Florida. According to the terms of the agreement, the practice was purchased for $330,000, which includes approximately $119,500 in medical and office equipment and inventory. The balance of the purchase price was allocated as goodwill associated with the practice, including the client base, current employment and medical provider contracts and classified as other assets on the balance sheet.
The purchase price was paid out at follows:
• $165,000 paid in cash on or before closing
• $165,000 note with interest secured by the Deland, Florida practice which includes all goodwill patients and patient lists, accounts receivable, property and equipment, and leasehold interest, commencing on May 2, 2007, monthly payments of $5,170.50, and a final balloon payment in the amount of $119,493 due by April 2, 2008
The Center will continue as a family practice, in addition to providing emergency care services in the after-hours.
F-22
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Another one showing how I felt...
Posted by: Quik18holes
In reply to: None Date:2/20/2008 11:10:41 PM
Post #of 2188
Looking at the stats below with the share prices as shown at .10, .11, ..given the current market price of ERUC's stock it would be safe to say that around 2 billion shares are outstanding. imo.
ER Urgent Care Holdings Inc: SB-2, Sub-Doc 1, Page 15
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Table of Contents
certain assumptions. Assuming we drew down the entire $7 million available under the Agreement in a single advance (which is not permitted under the terms of the Agreement) and the purchase price was equal to $0.08 per share, then we would issue 87,500,000 shares of our common stock to Paragon. These shares would represent approximately 70% of our outstanding common stock upon issuance, except that paragon is limited to owning no greater than 9.9% of our issued and outstanding stock at any time. ERUC is registering 87,500,000 shares of common stock for sale under the Agreement plus an additional 2,000,000 shares (the shares issued to Paragon as a Commitment Fee). On May 7, 2004, we amended our Articles of Incorporation to increase our authorized share of common stock to 500,000,000 shares. As of October 11, 2007 we had 38,890,935 shares of common stock issued and outstanding. If our share price were to decline, we may need to register additional shares of common stock in order to fully utilize the $7 million available under the Agreement at certain of the prices set forth below and would need to amend our Articles of Incorporation to increase the number of authorized shares of common stock available for issuance.
You should be aware that there is an inverse relationship between our stock price and the number of shares to be issued under the Agreement. That is, as our stock price declines, we would be required to issue a greater number of shares under the Agreement for a given advance. This inverse relationship is demonstrated by the following table, which shows the number of shares to be issued under the Agreement at anticipated prices. This table does not take into account any shares of our common stock that may be issued upon the conversion or exercise of outstanding options and warrants.
Market Price
$ 0.10 $ 0.11 $ 0.12 $ 0.13
Purchase Price:
$ 0.097 $ 0.1067 $ 0.1164 $ 0.1261
No. of Shares (1):
72,164,948 65,604,499 60,137,457 57,511,499
Total Outstanding(2):
183,519,277 176,958,828 171,494,786 166,865,828
Percent Outstanding(3):
39.32.0 % 37.07 % 35.07 % 33.27 %
Net Cash to ERUC (4)
$ 300,000 $ 300,000 $ 300,000 $ 300,000
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(1) Represents the number of shares of common stock to be issued to Paragon at the prices set forth in the table.
(2) Represents the total number of shares of common stock outstanding after the issuance of the shares to Paragon.
(3) Represents the shares of common stock to be issued as a percentage of the total number shares outstanding.
The proceeds received by us under the Agreement will be used generally as follows: (1) to expand our facilities in order to increase our profit margin and to guarantee our quality of service; and (2) the remaining proceeds for general corporate purposes such as the purchasing of additional practices. We cannot predict the total amount of proceeds to be raised in this transaction, in part, because we have not determined the total amount of the advances we intend to draw. However, we expect to incur expenses of approximately $ 500,000 consisting primarily of professional fees incurred in connection with this registration.
FLOOR PRICE. The Company may, at its option, specify in each Put Notice a minimum Market Price (“Floor Price”). In the event that during a Valuation Period, the Bid Price on any Trading Day falls below the Floor Price (a “Low Bid Price”), the Company shall be under no obligation to sell and the Investor shall be under no obligation to purchase one tenth (1/10) of the Investment Amount specified in the Put Notice for each such Trading Day, and the Investment Amount shall accordingly be deemed reduced by such amount. In the event that during a Valuation Period there exists a Low Bid Price for any three (3) Trading Days - not necessarily
11
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Proof Tina that you misjudged me and like I said we are on the same page!
Posted by: Quik18holes
In reply to: None Date:2/20/2008 10:41:39 PM
Post #of 2187
I pasted this so you can see what dilution does to stock prices as posted in the SB-2 Filing.
My thoughts that we are seeing dilution vs. MM's corruption is all only my opinion.
ER Urgent Care Holdings Inc: SB-2, Sub-Doc 1, Page 14
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Table of Contents
SHARES ACQUIRED IN FINANCING TRANSACTIONS WITH ERUC
Paragon is the investor under the Agreement. All investment decisions of Paragon are made by Mr. Joseph C. Canouse.
Pursuant to the Agreement, we may, at our discretion, periodically issue and sell to Paragon shares of common stock for a total purchase price of $7 million. The amount of each advance is subject to a maximum advance amount of $300,000.00. Paragon will purchase shares of our common stock for a 7% discount to the three lowest closing bid prices of our common stock for the ten days immediately following the notice date. In addition Paragon will receive a fee of $200,000.00, payable by the issuance of 2,000,000 shares restricted common stock. Paragon intends to sell any shares purchased under the Agreement at the then prevailing market price. There are certain risks related to sales by Paragon including:
• The outstanding shares will be issued based on discount to the market rate. As a result, the lower the stock price, the greater the number of shares that will be issued to Paragon. This could result in substantial dilution to the interests of other holders of common stock.
• To the extent Paragon sells its common stock, the common stock price may decrease due to the additional shares in the market. This could allow Paragon to sell greater amounts of common stock, the sales of which would further depress the stock price.
• The significant downward pressure on the price of the common stock as Paragon sells material amounts of common stocks could encourage short sales by others. This could place further downward pressure on the price of the common stock.
EQUITY LINE OF CREDIT AGREEMENT
SUMMARY. On January 30, 2006, we entered into an Agreement with Paragon Trading, LTD (“Paragon”). Pursuant to the Equity Line of Credit Agreement, we may, at our discretion, periodically sell to Paragon shares of common stock for a total purchase price of up to $7 million. For each share of common stock purchased under the Agreement, Paragon will pay 93% of the three lowest closing bid prices for our common stock with respect to the ten trading days after we give notice to Paragon that we wish to sell stock to them. The effectiveness of the sale of the shares under the Agreement is conditioned upon us registering the shares of common stock with the Securities and Exchange Commission. The costs associated with this registration will be borne by us.
AGREEMENT EXPLAINED.
Pursuant to the Agreement, we may periodically sell shares of common stock to Paragon to raise capital to fund our working capital needs. The periodic sale of shares is known as an advance. We may request advances periodically during the three (3) year term. A closing will be held after the applicable pricing period for such advance at which time we will deliver shares of common stock and Paragon will pay the advance amount less the commission described above.
We may request advances under the Agreement once the underlying shares are registered with the Securities and Exchange Commission. Thereafter, we may continue to request advances until Paragon has advanced $7 million or until the date that is three years after the SEC first declares the Registration Statement effective, whichever occurs first. We are limited to a maximum advance of $300,000.00 per advance. In no event will the number of shares issuable to Paragon pursuant to an advance exceed 9.9% of our then-outstanding common stock.
We cannot predict the actual number of shares of common stock that will be issued pursuant to the Agreement, in part, because the purchase price of the shares will fluctuate based on prevailing market conditions and we have not determined the total amount of advances we intend to draw. Nonetheless, we can estimate the number of shares of our common stock that will be issued using
10
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Nope I am down still, but real close! Just staying positive as there is no reason not to. =D
Tina what is your point here today?
Stirrin' up bad memories of huge losses? Sorry to hear that, but you are a dark cloud of old news and really nothing of any real importance has come from you today other than weird responses and outbursts that make no sense.
Thanks, but why don't you have a good day! ..and perhaps a drink! lolz
says it right in the fine print!
Here look!..
The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for ER Urgent Care Centers (PINKSHEETS: ERUC). In 2008, the compensation is fifteen million shares (ten million shares for current services and five million shares for previous services) from third party, BAF Consulting LLC., who is non-affiliated and may hold a significant position in the stock. The company currently holds ten million of those shares, as of this release; however intends to immediately continue selling its shares as this release is being circulated. The company also maintains a contractual, working relationship with Wall Street Capital Funding, who was also previously compensated stock for services rendered in 2007, and no longer holds any of the original shares compensated for those services. The company may receive additional shares for extension of its services, and any additional shares will be disclosed at such time that the company is aware of a clients desire to extend the original services. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent. The company may have received shares of a company profiled in this release prior to the dissemination of the information in this release. The company may immediately sell some or any shares in a profiled company held by the company and may have previously sold shares in a profiled company held by the company. The company's services for a company may cause the company's stock price to increase, in which event the company would make a profit when it sells its stock in a company. In addition, the company's selling of a company's stock may have a negative effect on the market price of the stock.
See Glum!..Tina agrees with us that a big part of the dilution was the PR alerts, like we were sayin the entire time. Once they were done selling, boom, the stock started going up!
Yeah, that is part of the dilution that Titan and I mentioned last week. If you keep reading the fine print it also says that those shares were to be sold immediately. There was a value of about .07 per/shr attached to those shares given for compensation and the current price of the stock was .0010-13 at the time so it meant that way more shares than the amount mentioned were to be sold and that total would have been in the ball park of 500-600 million shares instead of 8.9m shares.
That was, in mine and other's opinion, the last of the dilution that took place, after the shares the company stated were also issued to pay for Financing expenses, etc in the SB-2 Filing thus, also how Titan and I were able to call the bottom at .0013.
All indicators were showing that it was time to load up cause the dilution has slowed to an end.
These were our opinions and they came to fruition. =D
Bahahahha! lolz!!!
Josey the Hutt is not going be happy at all!
Mine too! =D
All in all a good day here technically. We closed above the new high low and settled right where the charts suggested we would and with an uptic to boot!
Also, the volume (Titan great call on that btw) was right where it needed to be to prove that there is definitely interest coming into this stock still and best of all the selling really was short lived and it held base between .0024-28 for most of the late morning and all of the afternoon.
Looks good to me, and as always, I would love to hear other's thoughts on this. Everyone except Glum that is! =D~
hahaha...I haven't laughed as hard as I have, in the last two days, in quite some time. Too much fun!
But..I'm confused...how could you sell shares that are of the ghost shares? haha. Glum isn't gonna be happy about this!
No need for apologies, not to me at least. I am completely on your wave length!
I'll give Glum credit though, he/she is certaintly dedicated to the story of corruption! No question about that, whatsoever.
Even if the stock was up 10k%, not only would that be a horrible thing to Glum, but the stock price would not and could not have actually gone up by supply vs. demand, but instead it was because ghost shares are being sold by the MM's and therefore no matter if it's 1 mill trades or 50 mill trades that day..there was no accumulation.
That is just soo darn rediculous to me, and when it is happening (yes, I admit, it does happen to some stocks obviously), it's easier to think intelligently about it and look at given reports from the company itself that dilution is occurring, and at that point , any thoughts of the MM's manipulating the pps should be considered only if you are a believer in assumptions, hearsay , conspiracy theories, etc. ..basically anything that could be the farthest from reality possible!
I've said now 3 times today..I just don't get you Glum!
LMAO! F'n Hilarious!
The bottom line is the stock is up 100% from 2 days ago..STILL! Why so negative, why not a single ding of happiness in the huge step forward that has taken place this week?
I just don't understand you and your gloom, Glum! =D~
I don't know. Forgive me I'm tired..
It would make sense to me that if you are staying with a stock because you refuse to sell and turn an unrealized loss into a realized loss, then you either don't care or you believe in the company. If you believe in the company, then why wouldn't you continue buying all the way down? It would just be a matter of time before you would realize gains rapidly as the stock goes up, thus not having to wait for what may be a lifetime for a stock to get back up to an after R/S price of say $.60-.80/shr.
I have never bailed out of a stock I believe in, if I was unfortunate to get in just before a downward trend or after an R/S then sudden drop. I buy more and more and wait and wait until weeks like this happen, then I take my initial investment off the table and then sell bits as it keeps going up and then I keep a substantial amouunt of "free shares" and let 'em ride because now the fear of loss is removed from the equation.
It's really not that difficult of a concept to grasp and I find that it is very rewarding and fun! The best of both worlds..take profits and also stay long!
It's my way,it works, and noone will ever stop me from trading my way!
Yes, ofcourse this is all my opinion only. lolz!
I disagree. Alot has changed since last year and that is why it's fun that it's rewarding those who stuck it out through the what seemed endless dilution. Am I trading this stock? absolutely! Am I planning on holding for a penny or more? Absolutely! =D~
Imo, this stock should be valued based upon current progress + forward earnings and from what has been stated about their revenues being that of $3.7m for the year 2007, and the $3 mill year over year bonus contract, that means that the company would be profitable within 2008, 1st qtr 2009 latest.
Even if you don't believe in the story, the company is worth a penny/shr based on net assests and forward earnings.
Anyways, just my opinion, and it is always up for dispute or discussion.
Whatever Glum!
Well done sir! I added at .0022 earlier today and just couldn't get the ask low enough to snag it at .0020. I too would rather not see those levels again anyways, as I have plenty of shares still.
I think your right though, based upon the volume strength into the close here I think we should just get above .0030 for the close. The charts say .0028 but I am being optimistic~ We shall see!
Either way, another great day technically speaking! Imo.
Oh! ok..lolz!
Can you read? porker was actually siding with you. lmao. And you are saying that he/she is posting stuff that bashes?
Unbelievable. porker even went as far as to say that he/she has lost alot of money (probably unrealized), and was siding with you on the fact that shorters and MM's can corrupt a stock.
I don't get you at all!
Titan, thankyou for continuing to talk about the technicals vs. getting wrapped up in the nonsense here. I think everyone appreciates it, I know I do!
Pretty sure that was sarcasm Josey.
I completely disagree. It is my opinion that you should be able to do both! You should be able to take profits off the table and keep shares long achieving both short term and long goals. That is ofcourse if you believe in the company and it's stock.
If you're not dollar cost averaging on dips and taking some off the table on up days then you are neither an investor nor trader, imo.
It's URGENT URGENT URGENT...EMERGENCY!
=D~
Prove it! Just simply prove it!
Can you read? Those 14m shares would really be closer to 500m shares. How do you not uderstand that? There was a value set on the shares..if the actual pps is lower then that it is made up buy issuing more shares in order to fulfill the pricing set for the shares.
You're going to be my 1st ignore! lolz
I offer my opinion all the time, Josey. Sorry, I can't get onboard your MM conspiracy train. It rediculous to me, in that I feel it has no merit when it comes to this stock; ERUC.
I, as well as many others here, waited through the OBVIOUS dilution for weeks, and are now excited that the company and it's stock can finally move forward.
I showed you the SB-2, as it showed dilution to pay financial expenses,etc. and I showed you PR alerts that in the fine print, said clearly that the PR's were to be paid in shares and that those shares would be sold immediately. I made an educated guess based upon the value of which the shares being diluted were set at and since they were set at a much higher price than .0010 that that would translate into 100's of millions of shares in order to obtain the value that the shares given in payment for, were priced at.
No matter what real, factual data is presented to you, it's just the same thing over and over. MM's this and Shorter's that. I have the right to be sick of your nonsense, do I not?!