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Thank YOU for explaining this. You are exactly correct on this one.
This thing has been flat since October of 2008. I really don't think anything is going to bring this back to life...
Yeah, .0004 is ridiculous. There is no excuse for this to happen...
I don't think you're calling me out, but since I did mention dilution yesterday, I figure I better respond. This is what I'm going by:
****SHARE STRUCTURE****
As of Feb 15, 2012 from Registrar
Authorized 3,500,000,000
Float 2,437,897,927 (increased 19,444,500)
O/S 2,515,068,762 (increased 19,444,500)
****SHARE STRUCTURE****
As of Mar 22, 2012 from Registrar
Authorized 3,500,000,000 (same)
Float 2,472,786,760 (increased 34,888,833) Since Feb 12, 2012
O/S 2,480,299,075 (decreased 34,769,687) Since Feb 12, 2012
**NEW SHARE STRUCTURE**
As of April 13, 2012 from the Registrar
Authorized 3,500,000,000
Float 2,510,286,760 (increased 37,500,000 from Mar 22nd)
O/S 2,517,799,075 (increased 37,500,000 from Mar 22nd)
**NEW SHARE STRUCTURE**
As of June 6, 2012 from the Registrar
Authorized 3,500,000,000
Float 2,550,008,982 (increased 39,722,222) since April 30, 2012
O/S 2,557,521,297 (increased 39,722,222) since April 30, 2012
So there you have it, I'm not making up dilution, and if you've turned a blind eye to it, then shame on you. So, are we profitable because we're making money, or because we had extra cash left over after expenses because of the extra shares sold?
By the way, I'm "long" on this, and have been since November of 2010. And I'm still VERY optimistic about SEEK, and yesterdays news reassures me we're going to be OK here. Audited or NOT, Scott wouldn't be DUMB enough to post fictitious numbers in a PR that could be used as evidence against him. He has way too much to lose...
EDIT TO address the Reply ( I only get one post a day here):
I was just showing the recent increases in the O/S. I could have continued updating the above list on a daily basis saying NO INCREASE. Good for them for not increasing. If we're truly profitable that would be crappy to dilute more, unless there was some big acquisition Scott was going for...
Anyone else curious why we experienced dilution over the last couple of months if we were turning a profit?
For what, and what do you expect to get from a company who hasn't turned to profitability yet?
And what questionable promotions are you referring to? This thing isn't being pumped by groups that Scott is paying for. Heck, it's not even being pumped by other groups.
Thanks man, as usual, for sharing...
Weird how people were bashing this stock for SG putting out PR's weekly, and now they are begging for a PR.
Personally, I'd like a PR myself on the status of this audit and any other company updates. It's been about 5 weeks since our last PR. Wonder if he's in some kind of quiet period?
You're right. There will always be something. Even in Blue Chip stocks. There are a ton of negative people in this world. Unfortunately, I think SEEK attracts most of them.
I'm still very long on SEEK. I don't mind this dip in share price, because I'm not selling yet. I have my sell price set, and we aren't close YET.
Do you know if he said, or meant, out BY July (2 more business days) or did he mean by the end of July?
Yeah, it moved alright... What a joke SEEK has become. I'm still riding house shares from the .0004 days, but it looks like those days could be back soon with a little more no action from SG...
What would be the basis of your lawsuit? A startup company getting a lot done, just not as fast as you would like?
Oh, he's right buddy. First piece of news drops about the financials, and this is going right back to the .0014/.0015 range.
Believe that...
He's a one man show. Give him some time, and a little extra patience... He's accomplished just about everything he said he would. Yes, it may take a little more time then he originally states, but it will get done. I'd rather see the company grow, AND then get the financials to prove it.
Scott isn't hiding anything. He would be risking too much to be playing those shenanigans. He's already stated too much publicly through those unlimited PR's we've seen lately. Speaking of, aren't we about due for one?
Do you mean physical certificates?
You're not going to be able to get this at .0010 again. Good luck though! SEEK is changing in many ways, and I think Scott will reiterate that on the conference call this evening.
Unfortunately in this stinkie-pinkie land that we are currently trading in, not all MM's show their "complete hand". It's crooked, yes. It shouldn't happen. It isn't supposed to happen either. It may have said that there were 2 mil on the ask, but one MM may have had 1.5 million to sell, and they did. Perhaps another MM was only showing that lovely 5000, but they actually have 10 mil. Never know. It's like the bad lands here in the pinksheets.
I hope it gets better when we're OTCQB...
Am I looking at the correct ticker, GOHG? It's sitting at ZERO volume and NO BID. I thought this had some promise, so I placed it on my watch list. I see SCAM popping up, and con artist a lot in some recent posts, as well as the word JAIL. This board is fairly active, so I'm having a hard time finding out what happened? I don't see anything in the recent PR's stating a problem. What's up here???
I would as well. We don't know what the recent small "batch" of dilution went to... Debt conversion? Operating expenses? Etc...
SEEK: I have the feeling we get a lunch time PR with the conference call details. Hopefully there is something else in that PR as well.
And the person speculating about the CC being cancelled IS A MOD over there. How do you go about removing someone as a MOD? That guy is a joke...
I also like how three of yours deleted posts were restored. NICE!
I love it when you post useful information about SEEK. Thanks Atlanta for catching that... :)
I think everyone's GTC sell orders are expiring. A lot of brokers only have 30 or 60 day sell order limits. There are "only" 177,000,000 on the ask at .0001 right now. That is down from over 500,000,000 that was out there for a long time.
Does that mean we're setting up for a run? HECK no. Just saying that the ask is "thinning". :)
Steve
There is no India location. Everyone seems to think there was an India office. What SG did was outsource cheap labor from India to help develop the new TheDirectory.com website. They were never SEEK employees nor was that our location. I'm sure they are still assisting with fixing bugs on the site, and improving upon it. It's hard to beat the skillset and price of Indian labor.
No problem for correcting you. I just see it throw around on here a lot that we have an India office. Not entirely true... :)
I'm looking for $.50 to $1.00 for SEEK. Doesn't mean it's going to happen...
It's hard to say where this will go. We have seen decent volume lately, and figured someone was accumulating. Well, now we see that was the case. I hope Scott didn't pay for this. I hope that dang Buffalo just wanted out. :)
If you click on the awareness campaign links on the posts by the pumpers on the SEEK board, it will show you their compensation. That Ramsey AC/DC guy doesn't seem to get paid too much individually, averaging about $150.
Cinfuax got $70 for the campaign.
Could be some exciting stuff the rest of the week. If you trade SEEK, trade carefully! I don't plan on selling, unless things get insane, I'll take some profits off the table.
I'm limited on that board to one post a day for bashing the stupid buffalo... ;)
CEO OWNS half the float. So the public float is around 1.2 billion, which is a lot better then the 2.4 billion of float that OTC lists. The float is still 2.4, but half are locked up by the CEO!
Thanks for doing that Z-man... But, if, big IF, the company was doing some buying on Friday, wouldn't it take more then one business day to return these to the treasury? Would they buy for say a week, and then turn in more then a days worth?
This is NOT a personal attack in any way, and I am not doubting you or your post, or that the company may have bought some back. I am just asking some questions to those that may know. I feel I must have a disclaimer at the end of all my posts or they get removed for some random reason.
We'll see .0015 before we see .0008. Unless someone deliberately sells at .0008 just to prove me wrong.
Oh, and the removing of the stop sign is not going to change this current share price. Uplisting might momentarily do that. What I'm hoping for is a better class of investors. That might improve upon the share price.
Well, I posted the below on the SEEK board this morning and it was removed. A member even asked for it to be stickied. THEY REALLY hate me over there...
--------------------------------------------
Folks, just a warning. This message board is about SEEK. Please refrain from posting libelous, slanderous, and/or defamation type posts. Even when you write something as "Just your opinion" that doesn't cover you. People are reading this forum. I'm sure those people include company employees. You can not come out on a message board and post information you deem true about the company that is false, or unknown.
Question: What are the elements of a defamation claim?
Answer: The party making a defamation claim (plaintiff) must ordinarily prove four elements:
a publication to one other than the person defamed;
a false statement of fact;
that is understood as
a. being of and concerning the plaintiff; and
b. tending to harm the reputation of plaintiff.
If the plaintiff is a public figure, he or she must also prove actual malice.
Question: What is libel per se?
Answer: When libel is clear on its face, without the need for any explanatory matter, it is called libel per se. The following are often found to be libelous per se:
A statement that falsely:
Charges any person with crime, or with having been indicted, convicted, or punished for crime;
Imputes in him the present existence of an infectious, contagious, or loathsome disease;
Tends directly to injure him in respect to his office, profession, trade or business, either by imputing to him general disqualification in those respects that the office or other occupation peculiarly requires, or by imputing something with reference to his office, profession, trade, or business that has a natural tendency to lessen its profits;
Imputes to him impotence or a want of chastity.
Of course, context can still matter. If you respond to a post you don't like by beginning "Jane, you ignorant slut," it may imply a want of chastity on Jane's part. But you have a good chance of convincing a court this was mere hyperbole and pop cultural reference, not a false statement of fact.
Question: What are the elements of a defamation claim?
Answer: The party making a defamation claim (plaintiff) must ordinarily prove four elements:
a publication to one other than the person defamed;
a false statement of fact;
that is understood as
a. being of and concerning the plaintiff; and
b. tending to harm the reputation of plaintiff.
If the plaintiff is a public figure, he or she must also prove actual malice.
It's not going to NO BID. The fact that there is a STOP SIGN is currently figured into the share price now. It's been this way for weeks.
I wish I knew something, anything that I could share with you. But as it has been for the last 3 years, we don't know squat. :)
I don't know that this decrease on the O/S was actually confirmed and posted by anyone. I hope and believe that it occurred, but it would be nice to see exactly what, if any, the change was.
How will you sleep tonight without that reply?
I would usually agree with that, but I don't think that is occurring here. If it is, I'm sure it's minimal.
Dilution is dilution though...