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retiredearly - "Looks like SDSS closed green on Friday......."
Come on retired, quit pumping. We don't need that here. Someone pays a commission to buy $80 worth of stock at the end of the day to make their portfolio look good and you comment on closing higher? When 99% of the share sold at the bid, well below the previous close??????
Don't need the pumping from you newbees, please. The company and it's products are solid and will do fine on their own merits.
windough wrote, "I deleted the post
Someone, Im guessing just had too much time on their hands
WAS STUPID AND DUMB!!!!!!!!!!!! "
Thank you windough, much appreciated. There is no place for crap like that.
Without news, none of this means anything. Although, I think the 32,000 shares at .015 were an absolute steal because it's my opinion that that 'Letter to Shareholders' the other day was very meaningful. It builds confidence in the company - that they are confident in themselves. I like that.
"SDSS is about fundamentals, but CHART looks GOOD too!!"
With the minimal amount of shares being traded - compared to the OS Float - the chart is meaningless. In most cases the movement of this stock has been a result of small timers buying and selling a few shares simply to make their portfolio look better at the end of the day; or to push the price around for similar reasons - like to make a big catch at a reasonable price.
Many of these transactions (you'll agree if you actually look at the chart in detail - with volumn attached) actually cost the buyer or seller more in commission than he could recover even if the PPS doubles or triples. I see 100 share purchases, 500 shares, 1000 shares, etc constantly. Meaningless.
New status ----s0 what does that mean? Good, bad, or indifferent?
And I'm embarrassed to tell you how much I paid for my first pile of shares. Oh well.
For the benefit of the others who don't know me, I have an extensive background in Law Enforcement and with that knowledge I am a firm believer in this type of technology. I believe it is, in fact, the future of crime prevention. I have traded in and out a few times and may do so again, but I generally hold a core quantity of shares and I fully expect an explosion at any time. And when it blows, it'll blow big.
I have been waiting and buying for about 7 years.
The part I found new and interesting in this article was the last statement.....
"Within a year, he predicts, such technology will be able to tell whether someone's "blood pressure or heart rate is significantly higher than the last 10 people" who entered an airport."
My first thought.....I certainly hope that is being developed by SDSS. If not we're losers in the wrong company.
Secondly, there are umpteen drugs and medications as well as successful biometric training that the bad guys can take to settle down their heart rate and their BP. Only a very foolish airpost security system would not know that and would actually depend on elevated heart rate and blood pressure to signal a 'terrorist' intended passenger.
Yes. And why are they issuing Annual Data that's 5 Quarters old, from 2010?
There is nothing 'scam' about this company. We choose not to listen to you, sotck momo.
However, the financial report has been posted and the company simply isn't making any money.
http://finance.yahoo.com/q/is?s=SDSS.PK
I absolutely wish you all good luck. I'll continue to follow this company even though (for now) I've sold my shares. Perhaps, out of fear, not necessarily on sound grounds. I just don't know what the future will bring. I'm a bit concerned that an awful lot of time has transpired since Cogito has been in the market and I've seen little increase in sales/interest.
Examples:
It has been over two years since Cogito was put in use by the Bergen County (NJ) Sheriff at the jail experimentally and since then there have been no reports of other uses by other Sheriffs around the USA. I'm retired Law Enforcement and I know for a fact that Sheriffs talk to each other. Why no additional use in two year???? I'm concerned about that.
It's been a year since SDSS signed a 'marketing agreement' with a company here in the USA and I've seen ZERO sales/contracts as a result. I'm concerned about that as well.
Same goes for the 'marketing agreement' signed by a Japanese company about 3 years ago.
I'm also concerned over the lack of increase in total customers reported in recent Financial Reports. If I'm not mistaken a close examination of recent reports shows a DECREASE in SDSS customers, not an increase. That's troubling.
I have confidence in the product; as I said I understand Law Enforcement and believe stopping crime before it occurs is the key to success. I also see great possibilities in Cogito use in the corporate world.
But why no progress????? I've owned SDSS for many years - actually bought my first shares are 0.15 - so I've taken a beating while being patient. Guess I'm just wore out. But I may buy back in, even if at a loss to my recent sale, especially if I see no insider sales etc.
Good luck to all of us - we're all good people!
I believe my analysis is correct - THE COMPANY IS NO LONGER BOUND BY SEC REPORTING REQUIREMENTS. Where am I misunderstanding this?
So, now.........................
we're not going to get any quarterly report, because it's not required, and we'll have no idea if Suspect Detection is increasing or decreasing it's existing contract(s) or if new sales are being generated. Not that they were ever very good at keeping us informed, but now they have no public requirement to do so. It will be nearly impossible to monitor progress. No financial reports. And any press they do do is not bound in any way by the SEC so there's little or no integrety. Just like all the other Pinkies, can't trust them.
It means stock is deregistered with SEC. They no longer will comply with SEC filing regulations. Could mean company is ceasing to exist, or it could mean they will conmtinue to exist but not publically. I'm out.
Investopedia explains 'SEC Form 15'
When a company files an SEC Form 15, it usually means one of two things. It may mean that a company is ceasing to exist in a publicly-traded form, either returning to privately-held status or going out of business altogether. Alternatively, it may mean that a company is simply canceling a certain class of securities, replacing them with another class.
Read more: http://www.investopedia.com/terms/s/sec-form-15.asp#ixzz1qtkIxFSU
Dear xx. xxxxxx
Thank you for the note. The vote for increasing shares did not take place and the Letter of Intent with DVTel is no longer relevant, as appropriately announced in SDSS's recent financial filings. The potential merger fell through when it became apparent that DVTel would be unable to come up with the necessary funding requirements.
The company is continuing business development activities with possibilities toward the signing of repeat sales with existing customers as well as additional customers in new and exciting markets. Cogito continues to prove its commercial value, both for law enforcement as well as private security companies.
Sincerely,
Alex
"cogito continues to prove it's commercial value..."
The companies could not negotiate a deal. Who knows what that could mean. SDSS sees greater value in their worth than Dvtel saw? Maybe SDSS has other opportunities on the table???? Hard to say, Jan. E-mail I got from Alex pretty much said "we're doing business as usual". I'm satisfied sitting and waiting. When we least expect it great news may be released. And the price is down so low, frankly, only a fool would sell here. IMO.
I do not see any new mail in my mailbox here on the Hub. You may e-mail me personally at woods80513@yahoo.com if you wish. Please use that address only for this purpose. Thanks, dough.
I'd love to know the details as to why a deal couldn't be made. Surely DvTel saw value in SDSS or they wouldn't have engaged in the LOI. If it was SDSS that turned away from any offer (any) it would indicate they see greater value in themselves than what DvTel was willing to offer. Nothing wrong with that. There likely are other suitors we don't yet know about.
Wonder if SDSS will do a press release and answer those questions.
I got a response........
Ken,
I do apologize. SDSS is still engaged in business development activities in several significant areas, and continues to service Cogito products currently being used by law enforcement and private industry in several notable countries across the world. The most recently reported dealings by the company, as per our last 8K are sensitive and ongoing, and SEC disclosure rules limit what information can be passed to the public for better or worse.
I do expect that the company will have developments to report, relating to the last SDSS 8K and on other dealings in the coming weeks.
My continued responses to your inquiries as well as to other shareholders should be taken as an indication that the company has not gone dark, and continues operations that will be of benefit to all our shareholders.
Sincerely,
Alex
Please e-mail Alex.............
I e-mailed him last week and I am not satisfied with his response. He told me there was no result to report on the vote because the vote didn't happen. When I asked him if he could tell me WHY the vote didn't happen he said, "I have no publically shared information as to why the vote did not take palce".
IMO, this is unacceptable. Alex Traiman is the Investor Relations Rep. As SHAREHOLDERS we should be better informed. If you feel this way please let him know. I still have confidence in the outcome of the merger arrangement but meanwhile this is hurting share value.
alext@sdss-corp.com
That would be correct, as I see it, Jan. The document reads, "We will announce preliminary voting results at the Meeting and publish final results in a Current Report on Form 8-K which will be filed with the SEC within four business days after the Meeting"
When I wrote Alex I was hoping I may get a response reference the statement "preliminary voting results at the meeting". Anyway, you're correct we should hear something by EOD Wed. Maybe we also hear something about the negotiations as well (????) because 'OTHER BUSINESS' is also listed as a discussion item on the meeting agenda.
I e-mailed Alex about the vote and about the negotiations today and he replied back immediately..."unfortunately there is nothing we can say about these issues at this time".
That's what I expected; quiet time period during the process. Well anyway, perhaps we're getting close. Please recall that the negotiations do allow for an extension if an agreement isn't reached by end of February. Patience, patience, patience.
Wishing a safe, healthy, prosperous Happy New Year to all our friends, old and new, here on the SDSS board. I think 2012 is going to be a good year for us!
HAPPY NEW YEAR!
Thanks, ET. I had not seen that exact article. Very encouraging.
Yes, Jan, I see it that way. And frankly, it is therefore very good news. If nothing was going on over this period of time - as we approach the end of february (the noted DL) I'd be concerned that the merger agreement was not progressing. We're seeing steps in the right direction. Very exciting, to me.
Merry Christmas and Happy Holidays to all of you SDSS fans!
Woody
Thanks, sbb. I reiterate that I feel ANY ACTION taken by the company now Is positive for the long run. I think we're going places and this is part of the venture.
While I'm not certain as to what the consequences are on this I am liking the fact that SOMETHING is being done; that business decisions are being made.
Maybe this has something to do with the merger. In the merger announcement there is discussion about share splits, etc.
I'm confused. Someone explain this. My profession is Law Enforcement, not business.
He who is selling his shares for .04 is, IMO, making a big mistake. Why in the world would nayone bail out now?
Thanks, ET. Things moving right along. Getting exciting. I realize there aren't many people familiar with SDSS, but even with that said I'd expect we start to see some run-up activity associated with the anticipation of merger news.
Welcome Patience and Buccaneer. I've been following this company (and invested in it) for several years now. I have a career in Law Enforcement and I'm a firm believer in this technology. It's going to change not only how we find the 'bad guys' in the world war against terror but how the corporate world selects its key sensitive employees. This tech can identify 'intent' - before the crime or wrong-doing is even begun. Management at SDSS is supperb. As the other posters told you the 'merger' talks are not a rumor. Links were provided. Just the fact that a company like Dvtel is engaging in merger dicsussions with SDSS tells me all I need to know. SDSS is real and it's technology is real. What is the value? I don't know. But, it won't be selling for 0.05 when this is wrapped up. $1????? I don't know. Maybe. Whatever it is I'll be happy. And once hooked up with Dvtel the resourses are there for massive growth.
Do your DD, and good luck to you both. Don't hold up too long; we could get news any time now. Discussions don't have to go to the end.
Looks like we've had a little change in direction. Getting a little whiff of something in the air. Hope so.
The Quarterly Report is meaningless. This merger negotiation is all what it about now. ET, if you don't have confidence perhaps you're in the wrong company. Stock and Windough are correct. Do yourself a favor, ET, do some research on DVTel. STee what they are all about, and ask yourself the question "if these people have confidence in SDSS and their COGITO doesn't the technology have to have merit"? "Would they enter merger discussions if it wasn't sound science?"
I've been here several years and I can wait a bit more. Suggest same to you, but do as you must. And GL to you either way.
Why? I don't understand.
Only a fool would sell now. IMO.
There are 70-plus-million shares out there. These days when a few thousand are bought and sold means absolutely nothing. I am watching insider activity closely (there has been nothing). I do expect a little pick up in activity as we near the agreed DL for the merger. I think this is a steal at this price; and I wish I had more cash to buy more.
A lot of activity today. Mostly at the BID, but at least there's some interest out there.
potvin, I can't answer those questions. But to windough I want to note that, yes, we are on the same page in our feelings. I have been in SDSS for several years. I've been concerned in the last year about their ability to continue as a Going concern - money was becoming a big issue.
Toady I feel much relieved. Clearly for this 'merger' letter of intent to be written it indicates some 'bigger more knowledgeable minds' than me have confidence in SDSS and their products. I am very pleased about that. It sets me at ease. And if I had the resourses I would buy more. I am as full as I can afford to be at this point.
Perhaps you can answer potvin's questions. Also, what is all the business about reverse splitting about????
Matters to me. I didn't buy this stock to use it as toilet paper. Somewhat disappointed today - that no one will even pay the very meager .065 for the ask (not even you, dough! LOL). Where's the insiders who believe in the companies future? Why won't they pay .065?