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The way notes are written, it's hard to know exactly what's going on and when..the six months before maturity they can convert etc... But I think the 320,000 that was in the 10K was IF they were converted at .10 At .01 for example it would be 320,000 X 10 = 3,200,000 ...and some of the CNs get a 40% discount below trading price that makes it even more shares. And I think there was something in some of them that said they could not hold over 4.99% of the OS at any given time. That's the best I can explain it as far as my understanding goes... I don't speak lawyer and accountish very well.. I still think this will be a great company after the product launch. But I don't like the close to 50% increase in OS in one month either. IMO
I agree...this is why I absolutely hate convertibles on low OS stocks... I figure that with the 4 mil already added... there should be about 500k to 1 mil left to go based at 40% discount of an average of .02...who knows though..lower it goes the more they get..we need to get this over with LOL But if we get news next week it won't matter with this low of a SS.
IMO
lol...I'd get real nervous if it drops below .01...hope you don't get any of those...Ha
Yeah they mature in July 2019 ,but I think they could start converting accrued interest to shares 180 days after July 2018 according to the filing..maybe they want some shares before it runs..IMO
Maybe the big block that was averaged yesterday was the last of them...soon as the MM sells them we can get some of this pressure off.
Hopefully they will get the notes converted and leave...can't stand much more of this. IMO
I guess there could possibly always be an exception...but I personally have never...ever seen a good RS...GLTA
Probably because the pr said they are gonna "intend to promote a process" of a R/S
Yep...But I do hope for a filing pretty soon though. Till then we wait
I expect we will find out fairly soon...
Thanks...which warning? the one from 2/05 ?
"Exactly sharky. Gonna run all week and into next at the very least."
I agree.
Hopefully we will get some answers soon. I am cautiously optimistic about SPDL though. It would make no sense to dilute at this point. I think they would have maxed out the old AS first if that was their intention. Most probably the the AS raise was for the upcoming transaction figured at .002 because that was the stock price when the 8k was released... we'll see. Shouldn't we be at least seeing a form 14c pretty soon?
The last 8-k/a explains what is going on...even tells who they are hiring (people heading other payment companies...a quick search shows what companies they are involved with) and how much cash they need for the transaction. Looks like they could use stock instead of cash (according to the filing)...At .002 the remaining 750 mil shares were not enough for the first payment..hence the AS increase in my opinion..says nothing about them selling into the market..they could be restricted for all we know..but until we get clarification, flippers are gonna use the AS change for their own agenda.
otcx is an ecn...anyone with directed trading can list through it...think someone is taking advantage of the "scare factor" to drive prices down..watch the behavior instead of the mpid..
Great business model..but the dilution is hurting the SP, if it does not slow down, the price is probably going lower in the short term..
Have a great Easter everybody!
Have you guys seen this www.rinfinance.com/agenda/2014/talk/CaseyKing.pptx ...looks like a writer from yale did a power point with our stock ... the power point also explains how to use message boards to pick out "suspicious activity" This power point specifically uses ACDU as an example. The volume example on slide 17 was on 11-04-2013..I find that date to be very interesting..
FWIW...update on the hotel on ACDU's website...
Guess either one could be right...who knows?
It's short for parts per million and data management platform ..don't understand what it has to do with us though....
Looks like it's way more than just a canal deal.
"After three days of discussion in June, the National Assembly controlled by Ortega's Sandinista party approved giving Beijing-based telecommunications CEO Wang Jing a 50-year renewable concession to build a canal more than three times the length of the Panama Canal, as well as tax-free side projects including ports on Nicaragua's Pacific and Atlantic coasts, an oil pipeline bisecting the country, a cargo railway, two free-trade zones and an international airport."
http://www.dailymail.co.uk/news/article-2523188/Chinese-waterway-Nicaragua-thatll-longer-Panama-Canal.html
I noticed BKMM is active on level2....wonder if this could have something to do with us ...nov 13 news article says Japan and "other countries in the Asia-Pacific region"
http://bnymellon.mediaroom.com/index.php?s=20295&item=129285
looks like they are geared towards institutional clients
LOL...yeah the real news looked better Sky
Well...now our 1500 acre land purchase option news has been replaced by "VIP early alert service" ...great...
Been good...great to see this one getting some attention!
Hey Sky... all I know is that I had a 250k buy 2 tics above ask and it took about 10 minutes to fill it.
ACDU News out...buying more land in Bluefields where China is planning to build their canal...small float, no dilution, crazy accumulation..tickets are cheap right now better get them while you can IMO.
ACDU ...sub penny with less than 450 mil OS, tiny float,no dilution in approx 15 yrs, and owns land on one of the possible routes that the China is gonna build their own "Panama Canal" through..worth a look..
Yeah Mike, the key word is "waiting" LOL ...the 3rd quarter is over pretty soon...hope they can get some stuff done.
New website is up.. not much there yet but at least it looks better than the other one.
Hi Mike..don't have PM...
just paste "home/usdojcom/public_html" (these are the red links that come off the Accredited business website above the forum).. into google search box and it brings up a link connected to the hotel beneficial website...not sure if the "usdojcom" is something used only by Accredited business or if it has something to do with the joomla software they are using... but I still think it's strange that both websites have the same links FWIW..
No doubt it's going real slow...but, I did notice that if you take the root (home/usdojcom/public_html) for the links that don't work on the accredited business site and google them it brings up a hotel benificial website along with two other hotels. So something is going on and it looks like it might have something to do with benificial holdings...who knows at this point LOL...
Well, maybe you will be able to get a real nice plane for next year.....I feel like our patience is close to paying off..
SKYYY!!!! Starting to look up bro...
Just glad to see it man... hopefully this is gonna be our turn around. Go ACDU
Hey guys,
Accredited just posted on their website that the audits are done and will be uploaded tonight...and also they have considered buying back shares!!!...things are looking up!!
New 8-K out..