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I guess I could be wrong about this but my understanding is that about 75% of pinks do not have registered securities to begin with...this is why most of them have to file as S-4 or S-1 when becoming a reporting company...so even IF that did happen, why would that guarantee us to be trading at .0002? Most other unregisterd pinks trade higher than that...and the key word you used is "MIGHT" lose their registration. Without dilution, I really don't see how this stock would ever get that low even IF that did happen..BTW the "pink sheet" exchange is not even considered a "registered " exchange anyway.... Not trying to start an argument...just saying...
I don't have anything to discuss with you...
I believe my investment in ACDU will pay off...things have taken longer to happen than I (and everybody else) would have hoped, but , I think they will still eventually happen...and I don't buy into your theory about the 506...it does not make any sense at all IMO. Quite frankly, I'm tired of hearing about it...
This is the right link for the resignation:
http://www.implu.com/company/155350
This is what's in the 10-q from dec: "The REGDEX does not allow, and will not allow, the Company to sell the unregistered free trading securities to other accredited investors. In fact, My Pleasure Ltd. ultimately converted its controlling interest through common shares to a controlling interest through preferred shares."
Here is the link to the 506: http://www.sec.gov/Archives/edgar/vprr/08/9999999997-08-044655
It says Robert Kropf purchased the common shares for control of the company....here is a link where he resigned and Ms.Chmielewska took over:http://www.implu.com/story/1754...then according to the above quote in the 10-q, those shares were converted to the preferreds that the company now refers to the "control block"... notice that the 506 purchase price of the common shares are exactly what the 10-q from dec states here:"My Pleasure, Ltd., a corporation domiciled in the United Kingdom, agreed to provide ACDU with a cash infusion of $150,000.00 to pay off all of the company's debts in exchange for a controlling interest in the Company. On October 17, 2008, My Pleasure Ltd. did indeed provide the cash to the Company which was used to pay off the prior debt and legal expenses. After the payments occurred, ACDU was completely free of debts and expenses."
So this 506 is nothing more than the preferreds.....they are NOT DOING ANYTHING UNDERHANDED....IT's RIGHT THERE IN THE FILINGS....
And besides, they would have to file a form "d" before any could be sold EVEN IF they were still common shares...WHICH THEY ARE NOT according to the Dec 10-q.....
Hey Sky, the 8-k from 9-3-10 says the moratorium does not expire till March 2011..but hearing something by Thursday will be fine with me..LOL
I had to sell some this morning to pay some bills...there was nothing more to the sells than that, some guys on this board need to give the drama a rest.....
Been bidding .006 for a while....they will not fill orders for some reason.
Hey, you might wanna look at one of these...I got one for my extra monitors and love it, works great and has a lot of adjustment.and makes it so you don't need desk space for a monitor...They make a desk mount one in case you don't want to attach it to the wall.
http://www.newegg.com/Product/Product.aspx?Item=N82E16824994064
Hey advance, we are all feeling great about the stock, but some of us here are Christians...I would appreciate it if you would clean up your posts a little, thanks.
Yeah, looks like it's all starting to come together. Next week should be great with a little news.
GLTYA!
According to shortsqueeze.com, the shorted shares have decreased from 660,500 to 900 in the last 2 days, so if it was MM's helping to cover, maybe they will turn it loose and we will have regular trading from now on.
JMHO
Good luck!
I've got 1 mil.
Finally some great, solid news and numbers!
Looks great
GLTYA
I don't think short interest is causing the problem. The number of shorted stocks are only 660500. And probably a lot of them were covered today. And in days past, we have had volumes of 15-16 million and the price has closed lower on some of those days..so I don't see how an extra 660500 shares are going to make much of a difference. I think the problem is the speed of the follow through on PR's, and shareholder sentiment because of past actions. MONA is going to have to make good on their latest promises BEFORE we will see substantial growth in our stock. IMO
!!GLTYA!!
Just hit .004 unless there is a massive cover on Monday ,I guess the nss were not as big a problem as some had said.
IMO
Hi,
I also think this is a great company. Bought a lot back when it was a penny. Hope you're right about the $10.
GL
I hope this turns out well, but I have never had a stock that R/S
and kept much value for more than a month. I don't understand how with a stock price that is this low...and with "great earnings" would even consider a r/s this early after a product release. The announcement while trading was halted makes me feel like they don't care much about shareholders sentiment.
JMHO
I agree totally... they MUST come through with the dividends and the sooner the better.
I think this week could be great, but we need some news to get it going.
Yeah I know there's not a lot of spread now, and that it has done pretty good volume on not much news. The OS have to be getting used up a good bit by now. I'm just wondering why the WAC deal has not been mentioned lately. I know the technology is GREATLY needed cause of the future light bulb ban. Just gets frustrating watching a 1 cent movement for a month.
Looks like possibly 5 mil was done AH yesterday.
That's what I can't understand about the share #'s. PinkSheets has only 650 mill authorized.
Does anyone have an "accurate" (if possible) number on OS and float?
There is also a lot starting to "mirror" in the last 2 hours also.
I went back over the time and trade volume numbers last night and I noticed that about 50% of the trades (even if they were an "odd" number eg..245687) had the exact number traded a few secs after. Can I assume that this is short sells that could turn to NSS?
I found this which explained a lot to me about how things can work with the MM's.
GL!
http://www.minamargroup.org/Library.html
Yeah,
I could see how that could be the reason... Hope it is anyways
Thanks
Hi itlogic,
Sounds like you know a lot about the MM's. And I understand what you are saying about the MM's and unsolicited quotes. I was wanting your input on this situation and what might have caused it (because this happened to me trying to buy this stock): The ask was .005 I put in a LO for 50000@.006--did not get filled. So I put in another LO for 50000@.007--did not get filled. Put in another LO for 50000@.009--did not get filled. Strange thing is , the whole time orders for less than the amount that I bid were being filled at less than what I was bidding. How do you think this could be happening?
Thanks and GL!
Hello everyone,
I was wondering if this is sounding like share dividends instead of cash divys. I've seen that they have given restricted shares in the past..does any one think this is what's going to happen by the news we are getting. I know nobody knows for sure till it happens. Just wanted to get some thoughts on this. GLTYA!
Guess we'll have to wait till later this weekend to see some more news on the "plan". But I read an interview with both the presidential candidates and the long term does not look well just based on both of their responses. One said he thought it should put in a "government receivership" (unless that was a typo) and the other said, "We need to make clear that in our market system, investors must not be allowed to believe that, unlike working families, they can simply invest in a heads they win, tails they don't lose context."
...like no one that works for a living invests money...
I can't understand why this stock hasn't moved more in the last few weeks. I know by their news, that they haven't produced contracts with any lighting manufacturers yet, but I believe in time that they will. I am wondering if the MMs are playing with the price... because the volume seems pretty good every day.
Most of the press I've read on this says the common share value would be wiped out. I was just wondering if this statement was directed at investors who purchased this stock at it's high instead of the ones that bought it at recently lower prices , meaning the ones of us that got it at $4 could still see some gains, while investors that had bought it at $60 would never regain their investment. Any ideas?