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Caveat emptor - buyer beware
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Why would APS pick 2 stocks that are both CE (Cross and Bones) which means fraud activity NSRS and now AWSR, APS knew what they were doing in putting out that symbol in the email, then denying it the next day.
I was joking lol
I just got off the phone with John too, said he might reconsider, not sure yet lol
APS is having a great month NSRS down 67% and now the new pick AWSR down 54% this has to hurt their averages
I am impressed with this CEO with getting a company to 1.2 billion and now 150 million in Cap, with no revenues and no product, with just a drilling rig taking a few tests, waiting for the results, will let you know soon. lol He would not need APS if the company was real. On to the next pick APS we are waiting for the next scam.
I see that NSRS got out of all the other PR statements he has made from this last one that just came out.
the Company and its partners have agreed to terminate the agreements for North Springs to acquire the Rio and Belo Properties in Guyana due to local laws and mining regulations not allowing the parties to move forward as quickly as the Company required to meet its aggressive exploration plans.
This potential acquisition remains subject to, among other things, completion of satisfactory due diligence by both parties. There can be no assurance that any transaction will be completed.
Just a warning I am just checking this stock out since APS has been pumping my mail box with strong buys. Harry Lappa has been the director or CEO of 6 companies in the last few years, and now again in 2011 with NSRS, with him being the only employee, hmmm Anyway after have owned some oil wells, I know for a fact that you dont drill and then do a public anouncement that you think you found oil or gold, you would keep quiet, set up operations and start mining. If you want to play the swings that is fine, but I dont see a valid company here, just one man that had a drill rig punch a hole in the ground and send samples to the lab, so he could say he tried and did not lie on his PR.
I really like this company, but I am going to wait to buy, untill FLTT has bought the other 2 companies and have issued more shares, and the share price has reach a bottom.
What kind of reply is that, this is your comment
Use of proceeds:
We will not receive any proceeds from the sale of the shares of common stock offered by Kodiak
Of course Fltt will not profit from the sale of their stock, by Kodiak. da lol
FLTT already stated the stock is going down, they are covered.
What part of the S1 do you not understand , this is from S1
WE ARE REGISTERING AN AGGREGATE OF 110,000,000 SHARES OF COMMON STOCK TO BE ISSUED UNDER THE IA. THE SALE OF SUCH SHARES COULD DEPRESS THE MARKET PRICE OF OUR COMMON STOCK.
Buy Low Sell High Just my opinion
This is what I posted on June 24
But the news states that FLTT needs 100,000 now and 250,000 to close the deal, which is not closed yet.
Everyone knows they need 250k dollars to close the last deal.
60 million shares x .004 is 240k dollars
.004 was the price at the time of the filing.
And FLTT will still need to issue more shares to complete the next 2 deals. Plain and simple.
But the news states that FLTT needs 100,000 now and 250,000 to close the deal, which is not closed yet.
SO now there is 279 million OS where before there was
Shares Outstanding 161,197,936 a/o May 19, 2011
That is 118 million shares OS more at today price of .004 is 472,000
Here is from news
Under the terms of the letter of intent, definitive agreements are planned to complete within 45 days following standard due diligence at which point Flint Telecom will have to provide a $100,000 non-refundable deposit to move to closing. The agreed purchase price for the assets is $1 million in cash with a further $250,000 at closing with the remaining balance spread over 14 months from closing.
They are going to have to keep adding shares to buy these 3 companies
I feel FLTT issued the least amount of shares they could, till they become cash positve. If FLTT thought the share price was high, they would have issued more shares for Kodiak to buy.
On November 26, 2010, we entered into an investment agreement (“IA”) with Kodiak, pursuant to which Kodiak committed to purchase, from time to time, over a period of two years, shares of our common stock for cash considerations of up to $15,000,000
Name of Beneficial Owner Kodiak Capital Group
Shares Beneficially Owned 1,520,000
Prior to the Offering
Number of
Shares Offered 50,000,000
Shares Beneficially Owned 51,520,000
After the Offering
Percent 28.66%
As of May 25, 2011, there were 179,793,173 shares of our common stock outstanding
This was copied and pasted from last filing
FLTT is paying off the line of credit with Kodiak, with shares at a 5% discount to the market price. FLTT already gave Kodiak 50 million shares,for the money they borrowed and when FLTT buys 3 more companies up, they will have to pay with shares, Kodiak is not giving them 15 million dollars for 50 million shares. Kodiak already owns 29% of all the shares, they will own the company if FLTT continues to borrow money from the line, and pays them in shares.
I am still debating whether to get in now, Kodiak has some partnerships with a lot of interesting startup companies.
http://www.kodiakvp.com/index.php?p=Portfolio
But in the last 10Q FLTT had 17 million in liability , and now could go up another 15 million, Kodiak must see something to lend that amount to FLTT or see a lot of potential in this company, but it will take some hard core evidence to investors to invest. Like someone said LOI is just that, they have the intention to buy.
I think you are right , the company will be in great shape with the position higher, and they also restricted Kodiak from shorting their shares.
What do you mean so what lol That is the only way for FLTT to pay back 15 million dollar loan, is to issue more shares, a big diffence in 300 million and 6 billion shares. So you think they will have enough revenue to pay back a 15 million loan after buying 10 companies up.
So if the price goes up to .05 they would only have to issue 300 million shares for 15 million
yeahhhhh thats it
Your post is missing the table that is in the filing.
The following table shows the effect on the number of shares required for a Put for the value of the full $15,000,000 IA, in the event the
common stock price is below the current share price, at the current closing price, and higher than the current share price in the IA.
ok try this link
http://www.otcmarkets.com/stock/FLTT/financials
and click on the top sec filing
I have been wanting to buy and not bashing at all but not sure about this filing
In the filing it says at the price of .005 FLTT would have to issue 3,157,894,737 shares to pay the 15 million line of credit at .002 it would take 7,894,736,842 shares if it goes up to .01 it would take 1,578,947,368 shares to pay off the loan.
How can you say there is no dilution when in the last filing they stated that as of the price of .005 FLTT would issue 3.5 billion shares to pay off the 15 million dollar line of credit.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7988086
and they also said: we may need to amend our articles of incorporation to increase our authorized shares of common stock, which is currently 900,000,000 shares, or effect a reverse split, either of which would require shareholder approval.
That is the only reason I have held up from buying into this position
I am not getting the same message some of the board is getting out of this last PR. It is not said FLTT will give Kodiak 50 million shares for 15 million dollars. It says this:Flint Telecom's agreement with Kodiak Capital Partners LLC ("Kodiak") contemplates the potential future issuance and sale of up to $15,000,000 of its common stock to Kodiak. And a line, is a line of credit that FLTT can draw on for the next 2 years, FLTT is starting off with setting back 50 million shares, at the market price now, would be 49,000. And it is mentioned later in the PR that: However, it must be noted that the Company will still need to issue new shares in order to draw funds from Kodiak, so FLTT will have to keep adding new shares as they keeping borrowing money from their line of credit, but FLTT at least has a financing deal to keep them moving forward
BYSD is #3 on Investor Hub Board and #1 on Penny Stock Finders Message board today, a lot of interest here, I think this will take off soon.
He said it all in the news, that retail stores consider the top 20 in IMS standings for product placement, that is why ZVTK has the ad blitz in June and ranked #1 and #4 in the last 2 weeks and new standing are coming out this week, might push it to the stores. If you go to walmart.com and do a search for as seen on tv products you will see they have 64 items.
Why is every thing out of stock did they sell everything they have and restocking
Are they selling a lot of watches, the other day you could buy them online, now they are all sold out, with 3 more watches coming soon.
I think they are moving in the right direction, with going with class rings, even in a bad economy, graduates are going to want their class rings, my son bought a 1000.00 football conference ring last year, plus a college ring.
Its working now
I just got back in today, I received news from a sales rep that deals with Wal-Marts that wal-marts are going totally green, and they want to be known as the one place to buy all green products. I dont know how ZVTK could not get into wal-marts now.
What happened to the EQ Website, not there anymore, still in business, if you go to Kingofcaffeine.com and try and order EQ it says not available.
If someone makes a 300.00 purchase at .0093 probably would move up to .014, this is crazy, is management home or doing business?
Think the time to reload is going fast, 35% spread now, with one ask at .015 and 6 at .048 to .05
Superfly is orange flavored tablet is selling with EQ , along with the 5 hour energy shot