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looks like this is getting knocked down for short covering purposes. I do think we close green. we have all day with no news pending until tomorrow
I'm surprised this going down after yesterday. I thought there would be optimism. Are there proceedings today or are we to resume on Thursday?
Nope, it's a legitimate split. However, I'm pretty sure the price will fall back to where it was upon further dilution as shares get distributed like candy.
I predict .05 by x-mas.
BK is not an option for Ergen for the same reason it is not an option for Mel. If he takes SIRI by BK he would do it because he wants scrap parts; that is a very unlikely motivation
The subscribing public does not understand that BK is not the end of the company; it would be horrible PR and drive subscibership drastically down. Also, it is unwise to wipe out shareholder value when your major talent has been paid so much in shares.
Whatever happens, it will have a positive short term impact on the share price.
That does seem positive. Too bad I have already divested 80% of my e-smart holdings.
I was overwhelmed by the negative news.
I hope I don't feel like a fool down the line.
Lots of action, relatively speaking. There are some buyers out there.
There are still buyers out there at .02. Pretty amazing given the current situation seems to just get worse and worse.
This board has become downright creepy.
This board has become totally ridiculous. It has been taken over by folks who have an interest in ESMT going down or people who are just blinded by anger. I get angry about this thing too and many other things. I have a heavy bag and a treadmill in the basement to deal with that. I am begging everyone to try to raise the level of discourse on this board.
A few days ago, I remarked on the bid/ask not changing (.025/.035) , but the price plummeting to .005 on over a million shares, which is indicative of something, I'm just not sure what. I asked "what is going on here?" That question was directed specifically at the aforementioned, not the overall "what is going on?" Got it, Todd?
Over a million shares traded, price at .005, but the bid is at .025.
What is going on?
Unlike many very cheap pinks, this is a real company with a real product that sells in department stores. It has posted actual revenue. The books aren't great and the market stinks, but there is potential for this company. The product is very high quality.
The stock is very cheap right now. I have been adding a little more every week. I don't expect any miracles, but I do anticipate some upward movement in the future.
i sold 30k shares on monday 11-10.
Volume is plus 100K today.
There are still more buyers than sellers today and nobody is selling less than .025
I was able to sell some of my shares today of ESMT.
Easy, pdmcmg. There is an actual product - that has been verified, and there are several companies interested in the product, that gives us a chance; an extremely slim chance.
This was not a shell game to be sure. What it was, was a disaster of epic proportions and a potential criminal mismanagement of a very viable technology.
Taby is correct in everything she is saying. However, I suspect that the chances of a positive outcome occurring are about 1000 to 1.
No. I put in a market order and lest it open..nothing
Anybody have any interest in a class action suit?
Anybody have any idea what the chances are of the petition being successful?
Is it possible that MG wants this to happen? The parent co. would still own the tech. and she could reorganize debt free?
I am wildly speculating here, but this is the first time that I have gottten the sense of inevitable doom.
i tried to unload some of many shares of esmt today and ameritrade would not accept my order. volume shows 200k plus.
what gives?
the bid and the ask are still ptretty low. anybody have any idea what is going on today?
Let me put it to you this way, the only reason we know about it all is because of the election and Black's ties to McCain.
Guys like Black probably get sued all the time.
This is an instance of a shareholder, one of us, suing the board of directors.
The SEC suspension was much more significant than this news.
E-Smart is not being sued, members of the board are being sued.
Does anybody see any possible light at the end of the tunnel here?
What are a few possible decent scenerios for those of us who still own stock in this company?
This is not good for those of us who hold E-Smart.. We can't touch our money. It looks like it could be over.
Taby, any positive way to look at this.
The only positive I see is that some people may feel vindicated, if that is what you are looking for.
A class action suit will get us nowhere because there is nothing to sue for.
I was really hoping Samsung would want the damn card and we could get rescued. that became much less likely today.
Todd
The response that you got actually should calm our worst fears.
This means that there is hope.
It is totally wrong that we can't get any info from e-smart.
I get the sense that what e-smart is trying to do is extremely difficult and they have totally acted below board because of that.
I suspect that there are reasons for why they do what they do. They may not justify the actions, but I think there is more behind the motivation than just a scam. As a matter of fact, I am pretty sure we are not getting scammed; we are just on a ship with a captain that is in over her head and seems to be making it up as she goes along. The only thing we can hope is that the vessel is good enough to compensate for the bad stewardship.
If I could do it all over, I would not invest, but the fact that there is a card and Samsung might actually buy it is really huge for those of us who have no choice but to ride this out.
It's a supply contract, but it is technically an option. There is nothing binding about it on the buyer’s part.
The release uses misleading phrasing by writing "is to buy."
That does not mean they are obligated to buy.
Not cool, but I think it is on the level.
At least Samsung is inspecting the product. That gives us confirmation that there is one and Samsung is looking at it.
That actually can be considered good news given the doubts that we have.
It's a supply contract, but it is technically an option. There is nothing binding about it on the buyer’s part.
The release uses misleading phrasing by writing "is to buy."
That does not mean they are obligated to buy.
Not cool, but I think it is on the level.
At least Samsung is inspecting the product. That gives us confirmation that there is one and Samsung is looking at it.
That actually can be considered good news given the doubts that we have.
I'm totally confused as to what is going in here. Is there news?
In a strange way, that story could be taken as a positive for the e-smart investor. As we all know, the American brand of capitalism is very jaded to begin with. The fact that there is someone who is advocating for e-smart and believes deeply in e-smart, who closely is connected to the man who will likely be the next president can be looked at as a legitimizing factor for a .3 cent stock. Most, if not all pink sheet penny stocks do not have this kind of backing.
Again, I offer this analysis through the dark prism of American Capitalism.
Anybody feel the same way about this particular issue?
The new news to me is the SEC investigation of loans e-smart related entities made to itself. Is that old news for the board?
I don't think that is a necessary conclusion. There could be agreements made well in advance of E-smart cash flowing.
I also don't think it would be wise to conclude that e-smart is cash flow positive. I am just saying that my hypothesis does not necessitate the conclusion that they deal has not gone down Samsung.
I think it is possible that they are paying independent contractors for services rendered in shares and the contractors, in turn, liquidate the shares as soon as they can.
It is a relatively common practice for cash starved start ups. It sucks for us, but it is sometimes the only way to survive until you can become cash flow positive.
So, it is likely that these are not insiders strictly by definition, but rather they are people who have been involved with the company some capacity.
For example, if were hired as a consultant to do an extensive marketing report for company XYZ and they offered to issue me 2 million shares at .04 , I get my 80k as soon as I cash out.
I have seen this done with other companies and could explain these sell offs with ESMT.
I don't for sure if this is what is happening, but if it is, it does not indicate something bad is happening with the company that we don't know about. It could actually mean they are doing things and that could be good.
All of this is purely speculative of course, but the pattern looks familiar to me.
no shares traded the last few days and today we have a million and a half and down to three cents.
a lot of times this could be the result of someone on the inside needing cash. without revenue shares are the only way people get paid with start ups.
another thing, if there is any good news with regard to samsung, i suspect it will be officially kept under wraps until the reverse split/merger/whatever takes place.
this way, the share price is already higher with a smaller number of shares outstanding, thus increasing the chance for entrance to a bigger board.
that being said, 3 cents makes me very uneasy. god/mary/taby/whoever help us.
what does this mean?
Thanks for the update, EI.
"Wayne Drizin." You couldn't script a more villenous name.
If half of what E-smart is claiming is true, I would expect these guys to want to settle very quickly.
This whole thing is so crazy.
Another Note: Since we have received the news on this board and the discourse, while good, has skewed negative, the stock has traded at a high volume and lost some serious ground.
Is it possible that the setiment on this board has that big an impact on the share price?
There is no other visable reason to explain yesterday's movement.