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Agreed.
The dilution of the pps is of concern. Perhaps it would be helpful for guidance as to profitability. Then again, perhaps I might wish upon a star.
Dandelion
I think the other posters have said it well enough. I know that the SEC requires some sort of registration for 5% owned of a company after that I imagine you could buy as much as you can afford.
I always wonder about the amount of shares due to naked short selling and failing to deliver shares.
I know that penny and subpenny stocks are quite risky and perhaps, 1,250,000 is a fine amount to have.
Dandelion
P.S. Not trying to get rich, simply see some ROI
P.S. II Hey Makman, sell something and produce some actual revenue
I've held this stock for sometime and through the last reverse stock split.
I guess overall I am encouraged by the joint venture and prospect of revenues.
I find the preferred stock issue as set forth in the corporate paperwork posted at pinksheets to be troublesome.
I thought Nazz Productions was off, is it on again?
As for market movers, are you allowed to short a penny stock?
Still thinking Makman may make something happen.
Dandelion
Try
www.pinksheets.com
Dandelion
Sure.
Let me recap. The Pro Remote deal is no longer because QED Connect rescinded it for failing to receive the required financial information for closing.
Somehow Nazz Productions was purchased as a wholly owned subsidiary.
Shareholder's debt equity increased.
No indication of ownership of any intellectual property. For that matter what is the status of "Nebraska Fish & Game?"
Someone is the only shareholder of preferred stock which has voting powers 8/1 versus common stock.
The leasing company alleges amounts are due.
QED suspended operations.
If I am missing something or have it wrong, please let me know.
Dandelion
P.S. We are supposed to trust, as was said in Animal House by Kevin Bacon "All is well"
Simply from a ponder that point of view.
If QEDN is poor stock, then why are you stating it? Are you looking for commiseration? Unlikely.
People express negative comments to drive down the stock price for purchase or to cover in a short.
Just food for thought.
Dandelion
Please sell your stock.
I would welcome the opportunity to purchase again at .0001.
Dandelion
I just employed this strategy with a big board stock.
Dandelion
Perhaps I offer a different perspective.
If an acquisition then the acquiring company owns the subsidiary. Next, share price has maintained.
Murky only because you choose that point of view. QED must have had some value or else an acquisition would not have been possible.
Besides, mergers rarely work. Look at Sprint Nextel for a recent example.
Acquisition settles issues which crop up later. If ProRemote was not convinced of the value of QED, then ProRemote most likely would not have agreed to be acquired.
Lastly, perhaps the shares became too expensive to give 75% as originally planned. Thus, the deal changed from merger of equals to acquisition and susbidiary companies.
I am merely speculating and this is simply just that speculation.
Dandelion
that is really short sighted.
Who really cares of it is a merger or acquisition?
If I were to choose, I would choose acquisition. You typically keep the same management.
Dandelion
P.S. Let's be real. We are investing in Tom Makman.
Acquisition does not necessary imply additional monies. Perhaps the deal was done with ProRemote taking stock in QEDN. Just speculation.
I think that the holding company is much more than that. Again speculation.
I would refer all back to the vertical integration issue and content. Prior speculation.
Dandelion
I agree.
What does it matter if it is by Jan 15, Jan 31, or Feb 15?
You are looking for returns too quickly.
QEDN had plenty of opportunity to go away last year and in 2008. QED did not.
As for PR and timing, Makman appears to have it down pat.
As for merger versus holding company, well the new PR tells you that QED is becoming a holding company.
Holding companies hold, as QED says on Pinksheets.com, wholly owned subsidiaries. So my guess, and complete guess, is ProRemote will give all of its stock to QED in exchange for a controlling interest in QED.
QED and ProRemote, again simply a guess, may need content to run on the new product whether software or hardware. Nazz provides content, apparently. Can we say partial vetical integration? Again, merely a guess.
Just guessing, guessing, and yes, still guessing
Dandelion
Ok. So when is the shareholder meeting?
I ask only because if you make a fundamental change to a corporation you usually need shareholder approval.
I like the fact that QED is seeking content and other opportunities. However, what is the income stream? Meaning, how does QED plan on making its money?
And note, every time you merge, then you are not just a holding company, owning shares of subsidiaries for subsidiaries hold shares of you, which is the case of Pro-Remote.
Any thoughts?
Any thoughts as to the preferred shares shown on the unaudited financials?
Any thoughts as to why companies producing revenues would take shares of QED that needs capitalization?
Dandelion
QEDN has said that both companies have completed their due diligence and wish to still merge.
So each company must bring its deliverables and appoved documents to a sale/closing. Scheduling a closing/sale is a big task, and getting all the deliverables in order is a complex task.
So if you are unable to wait, then sell your shares.
Dandelion
I agree with DTL.
QED Connect knows PR.
I would anticipate product offerings and not just merger news.
As for holding stock for 1 month to receive an appreciable increase, say 50%, I consider that reasonable and customary.
Dandelion
P.S. To Doone, not my opinion, a request to move along the conversation.
I agree. Yes, I still have my shares.
Dandelion
Do we have shares in a defunct corporation hijacked as the SEC Complaint says?
Or, does the company actually exist?
Dandelion
P.S. Thank you for sharing the complaint.
Exactly and in more detail than what I was thinking.
I think the main drive for the product is to do away with multiple remotes to operate a home theatre system and a competitive market price. From there, the sports bar as you say DTL with multiple variations for each TV as well as security etc.
Next, I agree with DTL, product appears to want to be a controller for a smart home which will necessarily require connectivity to the Internet.
After that, tablet pc, I am not sure but who knows?
Right now, all speculation as is my speculation here.
Dandelion
P.S. I know a resturanteur who has a system that can look into all of his restuarants remotely. I believe that this product is probably going a step further, perhaps?
Yes, if you are the majority shareholder. Usually an R/S reduces overall value of a stock and tend to presage additional drops in stock price. My opinion only.
I suffered the R/S and rebought.
My issue is that QED promised ProRemote a majority of the stock at closing of the merger. How is that going to happen?
Next, are we going to have an annual meeting to approve this merger for it is a fundmental corporate change and I think, although I don't know, that it will require a majority of shareholders to approve.
What do you all think?
Dandelion
P.S. Did anyone read the unaudited financials on pinksheets and see the notes payable?
P.S.II Did anyone else see the preferred stock and single shareholder on the unaudited financials of September 30, 2009?
P.S. III If so, what do you all think?
I purchased prior to the last R/S. So, I went through the last R/S.
QED Connect, Inc. had no activity, nothing that was on the radar. I looked.
Then QED Connect, Inc. cleared up and complied with Pink Sheets and talk of this merger started.
Share price went up.
Interestingly, I find that when share price increases on a pink sheet stock, you have people posting negative news.
Simply stated, we have purchased the stock. If we wanted low risk stocks, we would buy bonds and not stocks.
QED Connect may be radioactive but it might also be a nuclear power source. We can decide or not.
I just know this. I have made a reasonable return on a penny stock, and would have made more when it went up drastically.
Who really knows about QED Connect?
Dandelion
To: Joe Natural. Buy the stock or stop giving an opinion.
Has there been an annual meeting for 2009?
Dandelion
I am.
You can lead a horse to water. Simply stated,you are trading momentum or some other criterium.
Read or not, your choice.
As for buyers not knowing anything, ask all the folks who bought perceived blue chip stocks in January 2009 believing that they would come back.
I have said this statement previously and will again.
You all might want to look at the amendments to the articles of incorporation filed in Nevada, which are obtainable from the State of Nevada Secretary of State.
I no longer hold this stock and sold it quite a bit back. Yes, I missed the run but that is A OK.
I wish you all the best. However, I strongly recommend the reading of these Amendments.
And, I ask you to ask yourself, is there an upcoming shareholders meeting? If yes, what is on the agenda?
Dandelion
I have held this stock for some time. I even went through the r/s.
I repurchased when it went down again.
I am still holding this stock.
I am delighted it came into compliance with pinksheets.com.
If it does merge, I believe it will happen fast. IMHO
QED Connect apparently fully reported. Apparently posted financials, included bylaws as well as articles of incorporation along with an opinion letter from a lawyer.
CEO apparently said that financing was necessary for expansion.
All listed on pinksheets for free viewing.
Is this compliance with reporting a precursor to receiving financing?
I don't know but very interesting.
IMHO and GLTA
The last time I saw that symbol. I looked up the information at the State of incorporation.
I found it interesting. I sold the stock. The stock then promptly shot up quite a sum.
So, you may search the state of incorporation. Basically, no news on the boaard, although shares do seem to sell.
Does anybody have any idea?
IMHO
GLTA
So is Karen Willoughby still working for MGLG?
Is MGLG under investigation by the SEC? If yes, any clue as to who to contact to verify or deny at the SEC?
And trading is terminated, if yes, why did the price change?
Thank you
Brezlin,
If you follow the company, you have read the same thing I did.
If you want to state it, then do. If you have not read it, then do.
Dandelion
P.S. Floridaflyersfan. Nope.
P.S.II Although public information, I really don't want to step on any toes. If you wish to look it up, then do. If you choose not to look it up, then choose not to look it up. The State of Nevada Secretary of State sends the response via the Internet. Before I am asked to share the documents, I will state I will not. The Secretary of State of Nevada is running a business too.
Go get access to the proposed or actual amendments to the Articles of Incorporation of June 15, 2009 as reported by
ASFX to the State of Nevada and present for purchase from the Secretary of the State of Nevada.
Please note I am presuming ASFX is American Scientific Resources, Incorporated.
Tempting Medicineman.
However, I would point you and anyone else to the Secretary of the State of Nevada's website and the June 15, 2009 Certificate of Amendment and attached documents.
The Amendment is public information and I will let it speak for itself.
I don't have a link. I simply suggest that you look up American Scientific Resources, Incorporated on the Secretary of State for the State of Nevada's website.
I had to purchase the Amendment to the Articles of Incorporation of June 2009.
I believe you should be able to get from the company directly but I was in a hurry.
Has anyone bothered to look up the amendment to the Articles of Incorporation as listed on the Secretary of State of Nevada's website?
According to the Secretary of State of Nevada's website, the Company is American Scientific Resources, Incorporated.
According to the Secretary of State for the State of Nevada's website, the shares are as follows.
From 500,000,000 to 2,500,000,000
IMO. I may be completely in error and you should not take this statement as true. Please check it all out for yourself.
Clearly many liked the company prior to the PR.
The pps accelerated based on the PR which was not the awaited uplist PR.
I have been watching the pps most of the day. I simply see sellers deciding to sell and the price being forced down progressively and incrementally as a result. Perhaps, shareholders believe they may able to be buy in again lower. Perhaps, shareholders wish to "cash out."
What I wonder is who profits from the incremental decrease in pps? To state it more clearly, who benefits from a bear market?
Just my thoughts and simply an opinion.
Sure the Company amended the articles of incorporation.
Will you tell what the amendment was or must I buy it from the State of Nevada?
Thank you
The last PACER Update is for a pre-trial conference which will be most likely to size up the issues according to the pre-trial order attached thereto.
No Answer filed as of yet.
Thank you but I don't have the ability to search the Board.
So any chance someone would assist?
Request for Information
Dear Board:
Does anybody have the jurisdiction where the litigation is filed for the Tecnimed (sp?) suit?
Next, does anybody have a copy of the amendment to the articles of incorporation of June 15, 2009?
Lastly, when was the last shareholder meeting for ASFX?
Thank you