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Interesting. Great find.
Good question. Trying to remember, but I think the employee costs were primarily commission based. Eat what they kill. Not sure how much is salaried or hourly fixed, if at all...
We got excited when we saw new employees coming on board, because that meant more revenues, or opportunity, rather than elevated fixed costs.
Need someone else to confirm my memory though. Have a good one.
Are you going to pick up some $135 C at below $0.10? Average down a little... Thx.
I grabbed some cheapies as well! Don't have near as many as you hold, but I'm happy. Have a good one.
Crap....
Crap....
I grabbed the 10k @ $0.011
About a week and a half away. Oct 11 if I'm not mistaken.
Thanks Adam. Yikes... Thought I saw some yesterday. Not good.
Anyone checked on the lawsuit? Any new motions submitted to delay us any further?
Better yet, any responses from the CEO? I'll send a note today and post any reply that I get.
Agree 100% with snowdog's comments.
Did we lose all the posts from the last few days here...?
6 months to a year. Can't remember the particular conditions for the different time frames, but I am assuming a year. Don't think the company knows yet...
Thanks backfill. Good info.
Hope everyone has a good weeekend. Check in with you on Monday.
I guess they are asking the judge to delay the trial date again...?
7,400,000 April 2010 as well...
That was me. I guess out of boredom. Have a good one...
Yeah, that run through the end of 2010 had quite a few shares moving at 1 and noone on the board got any. Would have liked to have seen some of our people grab some cheapies, but oh well. Have a good weekend.
Did anyone on the board get any of these 1's?
No worries. It was a little odd that the verbiage was changed for the year end report that we just read. That's what really threw some folks off and caused some confusion. Have a good one.
It has been posted many times before and is taken from the Q3 2010 financials posted in the IBox.
WE HAVE AN EMPLOYMENT AGREEMENT WITH OUR CEO MS BASU, BUT MS BASU WAS NOT PAID AS AGREED SINCE YR 2004 FOR ALL HER RESPOSIBILITIES PERMORMED AS EXECUTIVE OFFICERS AND TREASURER. SHE HAS ALSO TAKEN ALL RESPONSIBILITIES TO BRING THE COMPANY BACK FROM FINANCIAL DISASTERS. MS BASU IS A CARING, HONEST PERSON WITH FULL INTEREST IN HEART TO PROTECT SHAEHOLDERS INTERESTS.
Chandana Basu, our Chief Executive Officer, President and Treasurer, and many other hats she wears was supposed to receive $50,000 per month (or $600,000 per year) for her services, which includes approximately $5,000 of salary and a minimum bonus of $45,000 each month (accrues if not paid). The amount of salary that Ms. Basu was suppose to receive to the Company's revenue at merger in 2004 was fair but she has never received her full compensation ever as of this date. In addition Ms. Basu has loaned the company Millions of dollars and jeopardize her personal assets to protect the Company interests.
Investors with deaper pockets are going to question the asset side as well. Having that much lumped into 'other' is usually a flag. I bet DME helps them out with this. Hiring this group to help them communicate is smart. I'd rather Basu use her time hustling up business like she's doing.
We'll get there guys and gals. Buy the ticket, take the ride!
Yeah... Was trying to help by reposting from Q3... Its rough, because the broader investment community uses these financials to form thier opinion and run their analysis. DME could be the best marketing shop in the world, but without clean periodic financials, they are in a tough spot trying to attract new investors. I'm hopeful that these are just simple errors and time will help iron out the kinks. Best of luck to everyone.
snow dog is refering to the Q32010 quarterly statement. See section 14 on the doc in the Ibox. Explains why there is $1.2 million accrued to date, because she has a $5k per month salary, but $45k per month in bonus. Not sure why this note was left out at year end.
WE HAVE AN EMPLOYMENT AGREEMENT WITH OUR CEO MS BASU, BUT MS BASU WAS NOT PAID AS AGREED SINCE YR 2004 FOR ALL HER RESPOSIBILITIES PERMORMED AS EXECUTIVE OFFICERS AND TREASURER. SHE HAS ALSO TAKEN ALL RESPONSIBILITIES TO BRING THE COMPANY BACK FROM FINANCIAL DISASTERS. MS BASU IS A CARING, HONEST PERSON WITH FULL INTEREST IN HEART TO PROTECT SHAEHOLDERS INTERESTS.
Chandana Basu, our Chief Executive Officer, President and Treasurer, and many other hats she wears was supposed to receive $50,000 per month (or $600,000 per year) for her services, which includes approximately $5,000 of salary and a minimum bonus of $45,000 each month (accrues if not paid). The amount of salary that Ms. Basu was suppose to receive to the Company's revenue at merger in 2004 was fair but she has never received her full compensation ever as of this date. In addition Ms. Basu has loaned the company Millions of dollars and jeopardize her personal assets to protect the Company interests.
Agree 100% Nate. I like that news the best.
Does anyone know the structure and timing for maturity on the outstanding debt? Also, what about these 'Other Assets' for $4.8 million? Sell whatever that represents to pay off debt. Looks fishy relative to the equity value presented.
This DTCC crap looks like a big problem. If these trade restrictions aren't lifted, how will Solano generate more cash when/if needed? Was there enough dilution at the end of last year to have enough cash reserves for 2011?
With 5.5B shares out there, 0.0003 gives us a market cap of $1.6MM. We need full financials to get margins, but with revenues of $1MM a year, and an EBITDA multiple of 5 (just guessing), 0.0003 looks like the right price. BUT, I do think this tells us that we've found our bottom. Revenues keep inching up, coupled with some buybacks and we're good to go, but will definitely take time. Anyone else with thoughts? Have a good one friends.
I got 300K at 2. Not much, but I'll take it...
My bad. Typo. But I guess the dual meaning was there. Picked up some more 2's today though. Buy the ticket, take the ride.
Don't see anything posted... Let's hope it was Basu buying back a huge chunk before she releases good news. I have no idea though. Wrecks of dilution though, right?
Gotcha. Looks like back on Oct 25th as well. I don't think many of us (if at all) were able to pick up the 1's in Q4, so I hope it was her scooping them up.
Do you know when the last time she made these purchases was? Was it back in Nov? Thanks.
Good question. On a bigger exchange they would have to disclose, but not sure at this level.
I know... I like how the group here is patient, but some chatter helps pass the time and fuel the buzz.
Volume looked fantastic yesterday. I know half the take was a single buyer, but we'll see if a repeat happens today.
Ha! I was thinking something similar. Still have faith here, but agree that it seems odd.
Thanks for the response man. Deep down I knew we were f'd, but was grasping at something... Best of luck.
eyes, what about the DTC restrictions? Are those tied to the company or the shell? Would think an r/m would be impossible if the stock can't be traded... Not sure how these shell companies work and will start to research, but any thoughts on your end?
Would it make sense for Agile to get the company cash flowing positive and then take back public in a few years to cash out? All predicated on IF they can make that happen. Wouldn't think 'assets' of a baby clothes company are of any interest to them. Need cash flow for any type of real or marketable value.
Thanks.
Might try breaking your buys up or removing the AON. I had a 2MM AON trade sitting for a while before I split it up and the trades went through pretty quickly... I use Zecco, so the fees are pretty low. GL!
I slapped the ask this morning for 300k more... i guess some 2's might still be available until more news.
Would think anyone bid sitting, trying to add at 0.0002 rather than 0.0003 would miss the boat once news comes out...
Any thoughts here? Thanks.
Ivan - I like your prediction, but what assumptions are you making to back into your share price? Also, how is the Facebook page looking (seeing as it appears to be the only information outlet)?