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hopefully 1s have dried up and they let this run today. very weird trading imo
Hate to agree but they continuously leave the shareholder out of the loop. Been in this since March and the only information we receive is found by Cash (nice job). Settlement is scheduled for 1300 Market street LLC. How do we know? Cash found it on the Relm website. Why isn't it on HCPC website? It's huge news. Yet we are left in the dark. Company appears to be diluting based on accum/dist line. Why not put out the news and dilute into it. If pps goes to.0002, only need to dilute half as many shares. The company just doesn't make good business decisions in regards to the shareholders. Parden my rant, I'm frustrated. I will continue to hold based on the coming events; but, at this point I have come to expect nothing.
lol. got to go but I have a feeling we may see some sort of update later in the day. imo
It appears to be Tom.lol. I believe cremel is continuing to accumulate to maintain their current percentage of ownership.
Unfortunately, at the present time nothing with the pps makes sense. We are at the mercy of the company and their timetable. But there are enough huge positives to wait this out.
When the dust settles .0005 will be long gone. Been doing this long enough to know that pinkies pump to create capital. Haven't seen that since I bought in. There is obviously a reason. IMO the reason is that cremel will control all the related companies.
anyone, besides me, wonder why a pink sheet company would continue to dilute shares but not issue fluff prs. Could it be to keep the price down so a related company (cremel) could continue to accumulate? Just thinking out loud.
Anyone notice we already have MM on the bid today
IMO, HCPC will show 3 million in revenues with a profit before preferred dividends of 2.5 million.
I feel the company gave a specific date to release financial info to allow the MM to get their ducks in a row. I've never seen the company release a specific date for anything. The financials are going to be great (as per the wallstreet interview with Carol). I feel this gives the MM a chance to increase the price in an orderly manner so they don't get caught holding the bag on Wednesday. IMO, the run starts today.
based on the unearned revenue of 33 million in the current liabilty section and the spread of interest from the loans to the preferred stock the compamy should net over $33 million for fiscal year end 2007. 33 million divideded by 16 billion shares (assume worst case-fully dilute all o/s) equals .00206. A conservative p/e ratio of 15 makes the stock worth 3 cents per share. of course if more loans are closed this year the value is much higher
p/e ratio has nothing to do with assets, it deals with earnings per share
Does any one remember what the interest rate was on the preferred stock? tia
Based on the balance sheet (i.e. current deferred revenues), they should have revenues in excess of $30 million dollars for FY 2008. Therefore, a conservative estimate is .003. This does not take into account any future deals or ant asset valuation.
Any one notice the unearned revenue of 33 million in current liabilities. Since it's classified as current it should not be amortized over more than 12 months giving us revenue just shy of 9 million per quarter.
If the company was dumping shares they would put out a pr. Companies that dump shares issue prs to get buying interest.
no bid ask is 1 and a trade goes thru at 2 wtf, plus the trades show green
All green except for first trade of the day
IMO the O/S may have been increased to generate cash or give shares in lieu of cash for the first dividend payent to the preferred shareholders. The compnany may have sold the preferred shares but not yet funded the $600+ million loan. There could be a 30 day time lag between the payment they have and the interest payments they receive. Any thoughts would be appreciated.
IMO if they lost control the O/S increase would have been voted on by all shareholders. They needed 50% plus to have it passed. Another scenerio is the O/S remained at 7.1 billion and insiders now own 3.6 billion or more shares. The decrease in volume the past few days might support this theory.
Correct me if i'm wrong. As per web site, insiders owned 1.76 billion of the 7.07 billion shares outstanding. If O/S increased to 10 billion shares, insiders would have had to buy every share plus 310 million on the open market to have over 50% of the O/S. They would have needed over 50% to approve the increase without letting all shareholders vote. While it looks like the O/S may be increasing, the float should be decreasing.
I find this whole scenario humerous. 1 week ago this was going to the moon. The company delays audited financials (which will show losses we already knew about) and now its a scam. The choices are easy. Sell at .0001 or wait until audit is finalized so we can get Q1 reviewed financials. The accounting firm can not review Q1 numbers until the previous years audit is finalized. Sell at what would be a loss for most or wait for the possibility of a profit. Seems like a no brainer to me.
I think Q1 results depend on whether any part of the loan fee for the $672 million loan was paid at closing. If it was we are profitable. If not we should show a slight loss as expenses are $175,000 per quarter. Normally, the commitment fee is paid at closing. I guess we will see when they decide to post the financials.
HCPC is not only making a percentage of the total loan upfront. They are also generating net interest on the loan rate less interest to the preferred stockholders. They will generate interest income every month until loans are sold on the secondary market.
Almost $8000 of stock bought at ask in the last minute of the prevoius two trading sessions. IMO something big is about to happen. Do not be suprised if its tomorrow.
IMO we will see 4s today. Time is getting short and the friday eod buys at 3 shows someone wants in big time.
Yes. IMO whoever was using LAMP moved up because they wanted shares badly. Odd timing at end of week unless theres a possibility of news before opening Monday. Could have waited until Monday to gets threes with no risk of bad news over the weekend. Thats why I feel something might be in the works.
IMO something is up. No one buys that many shares of a penny stock to hold over the weekend at the bid. Hopefully the financials are completed.
Only company I've ever seen that prs repurchasing 1 billion shares before a billion shares are even outstanding. What a joke.
Announce a buyback: then dilute shares into the PR. Only way to explain how 250 million shares traded and price decreases 50%. I guess the buyback will be the shares he's diluting today.
If this trades with the strength it had today, I think we might get to 4 or higher tomorrow. Main problem now is getting nite off the ask.
While the pps stayed at three, this was actually a very strong move. On Friday the 3s were painted at the end of the day. Most trades were at 2. Today only 1% of the trades were at 2 and we churned thru 4 MMs. With EOD trades not posted until after hours, we could have actually seen 4. Going from 2 to 4 on no news is very bullish.
RELM has news. Does this Help us in any way?
This is wound tight. It could easily run without news.
Looks like whoever wanted all those shares has had their fill. IMO next round of buying sends the PPS higher.
It certainly looks like a buyback or heavy accumulation by an accredited investor. Two questions: If in fact it is a buyback, where did the money come from (loan closing?)? When an entity buys massive amounts of shares, must all the shares go thru a MM? I thought I read somewhere big blocks could be purchased but never show up on the ticker. Please correct me if I am wrong. A huge sign that this could be a BB was the weighted average shares that traded on Thursday.
I saw that too. Never saw it before on this stock.
LOL. I no longer own any of this stock. Lost a ton with all the previous lies from MP. Was thinking about getting in the other day but saw too much oppertunity for him to dilute. Looks like maybe I was right.
Something doesn't seem right here. The company has a deal to air its product nationally on CBS. Why would CBS allow the company to air regionally on CSS. Why would CSS want to go air something that can be seen nationally. This seems like more bs from MP.