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Why gamble when it is so much easier to issue floorless debentures with discount provisions to the vulture capitalists who will provide toxic financing with NO risk, just some dilution pollution? Cashing toxic loan money is almost as easy as clipping dividend coupons!
SMKY is most-probably an investment game, manipulated for the benefit of the insiders. All IMHO.
Tres grande vitesse! The express train has left the station....
The full-body scanning folks developed suitable technology whilst IDOI was promoting XIXth Century metal detection using a magnet tied to the computer to go below the knee.
Pinocchio fooled many of the people some of the time with his story right out of the penny investment game handbook. But, as Uncle Milty has cogently pointed out, when the RaySayers came aboard to unmask RayRay and penetrate the IDOI myth, REALITY arose. TRUTH usually supplants fiction over time. All IMHO.
"Talked out," maybe.
But not yet FLUSHED out!
Several steps down until the share price of IDOI reaches the bottom of the sea. Who are the brave who will go down to see Davy Jones when IDOI implodes and takes that death spiral?
Next SEC filing could be revealing. All IMHO.
Your kind concurrence is appreciated.
Have a GREAT St. Valentine's Day tomorrow!
Smky looks like, feels like, and smells like a run-of-the-mill investment game. All IMHO.
Wooh Hoo Hoo! Nice job of PAINTING THE TAPE!
Keeps the game going: Youse can fool some of the people all of the time! All IMHO.
Yes! oh yes, I do believe that many do not grasp the rudiments of how an investment game is played.
And the worst part of this discussion is this: Asher Enterprises and other vulture capitalists are ready and waiting to extend or write NEW loans to keep the toxic financing going! All they want are floorless debentures convertible at a discount to sell their converted common shares into a market frequented by gullible, greedy gamblers. They want VOLUME; price is a secondary consideration. But, if they can orchestrate a pump & dump manipulation, they can probably get both volume and price. 'Tis a lovely, simple game. All IMHO.
Mere conjecture, but I submit, ON-TOPIC:
If the share price of smky continues to fall, the conversion provisions of the Asher Enterprises note provide for the discount of the conversion price to continue. That translates into a statement that the lower the share price goes, the more shares that Asher is entitled to own through debt conversion to equity positions.
Should Asher choose to offer the newly-acquired converted shares for sale in the marketplace, the dilution pollution could drive the share price lower per the Laws of Supply and Demand. More shares available to sell means more supply. More supply with either a constant demand or a lowered demand indicates lower prices per share. All IMHO.
ON-Topic:
What might be the effect should Asher Enterprises convert both of its floorless debentures at a discount on the market price of smky if it offers those 23,000,000 shares for sale over a relatively short period?
DILUTION POLLUTION would seem to be the result with a markedly lower share price for the common stock of smky. All IMHO.
ON-TOPIC:
We are to understand that Asher Enterprises also holds a note in the amount of some $40,000. That floorless debenture can be converted into common shares of smky stock at a discount. That note is not quite eligible for conversion today, but it will soon be ripe for conversion.
At today's prices, how many common shares of smky stock would Asher Enterprises be able to claim when and IF it decides to convert its debt paper? My guestimate would be that Asher could claim as many as 13,333,334 common shares by converting its second note in the amount of $40,000.
Does smky hold a sufficient number of shares to accommodate the Asher conversions? Probably. All IMHO.
On-Topic:
Asher Enterprises hold a note in the amount of some $32,000 which is a floorless debenture that can be converted to common shares at a discount. The option to exercise that conversion is approaching.
At today's current prices, how many of shares of stock is Asher Enterprises entitled to claim should it decide to completely convert its note with a face value of $32,000?
My scratching indicates that Asher Enterprises could convert its $32,000 note into approximately 10,666,667 shares. Does smky have over 10 million shares available for the conversion at today's prices? I would guess that smky has a requisite number of common shares available for Asher to convert its $32,000 note into common shares. All IMHO.
On-Topic:
How many of the authorized 200 million shares of smky common stock has been issued and is outstanding?
Certainly, that number is less than 200 million shares. I am guessing that smky has a few common shares available to issue out of the total authorized number of shares authorized. All IMHO.
ON-TOPIC:
How many common shares have been authorized for smky?
Is that number in the neighborhood of 200million?
Can we all agree that smky has circa 200 million shares authorized? If so, that is a starting point for a discussion. All IMHO.
Youse gots that right!
But to make the scheme pay off really HUGE, youse gots to develop it, nourish it, keep the suckers coming, and know how to beat the system.
Bernie Madeoff with some $67BILLIONS of other peoples' money by running the most successful Ponzi scheme in the history of the world. He started his investment game and found a way to fool most of the people most of the time. The SEC allegedly investigated his operations over some sixteen (16) years and couldn't figure it out!
But youse knows, some of us likes to see our reflections in the bathroom mirror when we shave. Methinks youse clever folks lose that attribute rather early in your careers. All IMHO.
Part of the Great Averaging-Down strategy for smky?
Catching falling knives is a rare athletic feat limited to experts.
Good luck to all trading this volatile speculative stock whose share price chart indicates a deteriorating condition and lower prices. It is a tough way to make a few shillings. All IMHO.
The last pope to resign his pontificate cited "the malignity of the people" as one of the reasons for his action.
That is one attitude the the ceo of smky does not have to worry about as he carries out his absolute and infallible rule at smky. The consensus of the majority of the posters on this message board embrace their cult leader and trust implicity in his mismanagement of the company even as he may be manipulating the investment game.
Go get some more loaned money from Asher Enterprises to keep the doors open! Money is money; some choose to label it as "interim money;" others nominate the Asher loans as "bridge loans."
The Truth-Tellers point out that floorless debentures convertible at a discount are a prominent form of toxic financing which demark failing schemes in their fading days before they implode in a death spiral. Those in denial will ignore REALITY as their wishful thinking and delusions carry them deep into the trap that smky may well prove to be. All IMHO.
By normal standards in an orderly market, the bottom would be $00.0001.
In smky's situation, reverse splits are always a possibility which would distort values.
Dilution pollution can theoretically lower the price below the ocean seabed.
So it seems, no one can adequately answer your theoretical question with any authoritative quote. It all depends on how smky is manipulated, what the results of the Asher floorless debenture conversions are, and what actions are taken by the corporate governors of smky. And don't expect the SEC, state regulators, the judicial system, or anybody else to provide clarification, guidance, or finality. Remember, this is now a sub-penny speculative sewer stock. All IMHO.
Permit me to demur.
The issue may just be QUALITY not quantity.
Let me pose the proposition:
When a publicly-traded corporation embraces a borrowing strategy which features floorless debentures convertible at a discount, does that reveal the poor credit of that corporation?
In other words, the Asher notes signify something to the lending community, and it may not be "bridge loans." All IMHO.
While February of 2007 seems like many, many years ago, and ownership may have changed, it gives us a flavor.
Just seeing Pentium and Melton on that list as off-shore major stakeholders gives me some pause. I would, at my peril, entertain the idea that both Melton and Pentium are still holding floorless debenture debt instruments from IDOI which can be converted to common shares at a discount.
Is IDOI required to include in its latest SEC filings, a list of the current major stakeholders? Might be interesting to know if the manipulators from 2007 are still pulling the puppet strings in 2013. All IMHO.
Unless a Cascade of Miracles shower smky, the Asher notes may well continue ad infinitum.
Taking the Asher toxic financing might well scare off other potential lenders. Pretending that the Asher loans are interim money/bridge loans will not fool the credit manager of a genuine banking or actual financial institution.
Believing that smky is even related to "hard work and perseverance" takes a Leap of Faith. The REALITY is more like somebody is playing an investment game to separate the gullible, greedy gambler from his money using the smky illusion as a vehicle of convenience. All IMHO.
And avoid REALITY!
It seems that smky resides in the world of "Let's Pretend."
Let's pretend they have a legitimate business plan other than the pennyland handbook for skinning the marks.
Let's pretend that smky has real products for sale.
Let's pretend that smky is lining up genuine, legitimate, solid, quality normal financing.
Let's pretend that the Asher Enterprises floorless debentures convertible at a discount are bridge loans.
And the list could go on for many more lines.
It may be simpler to wade through syrup and rhetoric, thespian-wise, only because it is complex to wade through the sludge of the historical archives of smky which seem to proclaim "The smky past is but a prelude to the present and future." All IMHO.
Opinion #2 on investing in smky:
If youse find yourself conflicted between believing the fairytales and communications youse are receiving and reading from the ceo of smky and smky-supporters on message boards while at the same time youse are taking notice of the falling price of the toilet tissue certs of smky in the marketplace, youse may be afflicted with COGNITIVE DISSONANCE.
It is almost impossible to hold seemingly incongruent positions as an investor. Youse have to decide whether smky is just another investment game being manipulated by an experienced scoundrel whose motivation is to skin the suckers or a genuine investment opportunity that is unfortunately not able to raise legitimate, solid, quality financing in these tough, tight credit times. In the meantime, the chart pattern of the shares of smky isn't lying.
No matter how youse attempts to reconcile the REALITY, remember that ASHER HAPPENED! All IMHO.
Opinion #1 on investing in SMKY.
Be certain to continue to read this message board and seek out the opinions that bolster your belief in smky as a legitimate, viable investment opportunity. Watch for, and believe in whatever the fairytales are issued in press releases and in private message communications with the ceo of smky.
That is known as obtaining "Confirmation bias."
Keep doing it so that youse won't notice the sinking share price of smky which will allow youse to enjoy the comforts of denial. All IMHO.
So, IDOI is nothing but a pyramid scheme. OK; that reads like a valid opinion as accompanied by a drawing. So who is the chief manipulator of this Ponzi scheme? Ponzi died; BernieMadeoff is at Club Fed. Pinocchio is only a puppet.
Could it be the white collar criminals who are the toxic financiers? Duz they have names or just off-shore straw companies with drop boxes to front for them?
IFFEN IDOI is just a pyramid scheme, which law enforcement agencies or regulators are charged with investigating pyramid schemes, bringing criminal charges if warranted, and prosecuting white collar criminals? I guess it really doesn't matter. Nobody caught Bernie, did they! All IMHO.
Governance by the corporate board at IDOI is most probably a joke.
Members are undoubtedly hand-picked by the same puppet masters who installed Pinocchio as the thespian ceo. It is all a stage for acting out the investment game scenario. Why should anyone expect the Board of Directors of IDOI to meet and actually accomplish anything when the mismanagement hasn't been able to put the train on the tracks.
I imagine that IDOI throws a bone or two into the BofD cage from time-2-time to keep the actors from cannibalism. Just another run-of-the-mill white collar criminal conspiracy by scoundrels to skin the suckers, eh. All IMHO.
As I have gleaned, one must make an appointment in advance to soar to the 22nd Floor at 17 State Street on the Isle of Manhattan, in Nieu Yawk Chitty. No one seems to be able to walk into the building off the street and access that floor.
So if anybody's curiosity exceeds his absolute Need-to-Know, perhaps youse will be granted the opportunity to ride in an elevator to that sacrosanct location wherein IDOI is ensconsed in a broom closet to view the US office of that publicy-traded company. It would help, probably, if youse brought your toilet tissue certs with youse. All IMHO.
Not even one (1) pro-IDOI message posted here in three (3) weeks!
Surely, the Go IDOI crew has not abandoned ship.
Where are the advisory recommendations to "average down?"
Remind us, when is the next SEC filing due for IDOI. Anybody expecting that the financials will be adjusted for impairment to IDOI's major asset GOODWILL? How does that intangible Goodwill sell in the market nowadays? Probably about as well as shoe magazines.
The world is waiting for news about the next exposition where IDOI will be displaying its XIXth Century metal detection technology hooked up to a computer. That and some genuine sales information that can be readily verified. Absent anything, Pinocchio may be sailing a listing vessel. All IMHO.
Was reading and ran into a phrase I hadn't seen (or "borrowed" or used) before. It read something to the effect ASHER HAPPENED TO THE STOCK.
Is that an unusual phrase in the world of penny toxic financing?
It seems highly probable that with such notoriety being known to some in the penny and sub-penny worlds, it is going to be nigh impossible for smky to ever raise legitimate, quality, solid, genuine, regular financing in the credit markets once somebody reads that Asher Enterprises holds smky floorless debentures convertible at a discount. All IMHO.
Update us, please, on the status of obtaining the new, quality, solid, legitimate loans in the current marketplace by smky. Any genuine action or just more wishful thinking that it will happen because youse, smky, and others desire it to happen. Pipedreams...
Taking Asher Enterprises out of the picture now that smky has embraced their toxic financing arrangements and have issued floorless debentures convertible at a discount to cover those poisonous debt papers is a fairly easy task, IF youse got the money to reclaim those floorless debentures. My guess would be more TOXIC financing from somewhere just to keep the doors open. All IMHO.
No longer confused.
At or about 2PM EST today, some trades in smky did happen because those tons of bids were finally matched with willing falling-knife catchers. Hooray!
Oh, by the way, did youse see the effect of those tons of bids hitting the trading floor this afternoon. Something like knocking the share price down almost 9%. No hopeful sign there. All IMHO.
"Tons of bids" but no trades at all today? Willing buyers, but NO willing sellers?
Pretty stiff resistance, I would say.
But shares are put up for bidding in order to trade, aren't they? When tons of bids are out there and nothing gets transacted, should we be getting a clear message about something. Either I am confused or getting bad data. All IMHO.
And kindly inform us, Knowledgeable One, what might happen if the normal credit markets ignore smky's entreties for a solid, quality, legitimate loan because the Asher floorless debentures present a repelling retardation that cannot be overcome?
In other words, the attempts to raise funding through regular channels have not borne fruit. If that status continues, what happens to the Grand Smoky Business Plan? Oh, Asher Enterprises will step in with more toxic funding at terms favorable to Asher Enterprises, right! Floorless debentures convertible at a discount morph into accretive bridge loans....hahahahahahaha. Might as well go fishing for salmon in Ioway rivers!
Wake up comrades, smky is on a slipperty slope with the share price headed to the bottom of the ocean. The investment game may just be winding down even as the share price continues to sink. All IMHO.
My ticker shows that SMKY is flat-lined so far in today's trading.
Bad ticker data?
Anybody have an updated daily chart showing the trading in SMKY today?
Not a good sign, if there are NO BIDS when the price is below $00.004 on the market listing.
Where are those averaging-down falling-knife-catchers and smart investors who buy on dips before the rocket takes off to the moon today? REALITY bites! All IMHO.
NO.
Rhetorical reply:
1. Youse mind repeating your improbable tale of smky salmon products being from Scotland?
2. Youse seen that in a filing somewhere?
3. Youse seen any verification of that tale?
Scottish salmon to Webster City IA: How is it transported to retain maximum flavor and freshness? Klingon Rapid Express Delivery! WARP Speed, too. All IMHO.
"Lying?" Where did you come up with the evidence that I am accusing somebody of lying?
All I was pointing out that the probabilities of catching fresh live salmon in Scotland and then transporting them to Webster City IA for smoking and processing is about as tenable as the ceo finding reliable, solid, quality legitimate financing for smky in the regular credit market.
Ioway river salmon has the same credibility as a "bridge" loan from Asher Enterprises. But then, youse be free to draw your own conclusions. All IMHO.
Iffen the smky ceo told some people that he could walk on water while raising quality, legitimate, solid financing, some people would believe that, too.
The proof of the pudding is in the eating.
The funding seems to be toxic financing from Asher Enterprises. That is the reality. Floorless debentures convertible at a discount is the debt paper.
Floorless debenture-backed toxic loans seems about the same as Scottish salmon.
Yeh, the smky ceo seems to have a credibility problem; check out his history to see why! All IMHO.
Would you mind repeating that improbable tale of how salmon tails were caught in Scottish waters and then brought to Webster Chitty, Ioway for special smoking/processing? Does that make any sense to anybody? Wassah mattah, they cain't smoke fishies in The Land of the Kilts!
Makes more sense, but not a more interesting story, to catch Iowa river salmon and smoke/process them in Webster Chitty! All IMHO.
When Elmer Fudd catches that waskally wabbit, maybe he can haul it to Webster Chitty, Ioway for a special smoking in the revolutionary smoke oven located on the banks of the river where they catches them tasty Ioway salmon.
Perhaps Smoky Market Foods, Inc. can add rack of smoked wascal wabbit to its virtual products list, too! All IMHO.
Some people never do stay around to hear the final chorus or the final refrains.
They wake up one morning and find the share price of smky at $00.0001 and wonder "whah happened?"
What may be happening is that the business plan is soured just like those Iowa river salmon have spoiled. This iter of the same unsuccessful smky yarn did not catch enough suckers.
When mismanagement issued floorless debentures convertible at a discount for borrowed money to toxic financiers, the red flags were starting to wave, but some welcomed the inflow and happily accepted it as a bridge loan, a preliminary step to obtaining real, legitimate quality financing. The dreams of suckers are useful to scoundrels who skin their prey alive and take their monies willingly. GO smky; skin a few more fish. All IMHO.
In the theatrical world, such a maudlin display might be characterized as "The Swan Song of SMKY."
But on this message board, it is simply smky nostalgia being reprieved. All IMHO.
Don't know what label to assign to this current IDOI slide.
From my chart reading, if we gets four (4) more sessions of the same downward sliding on the common share price, IDOI will be in sub-penny territory on its way to the bottom of the sea at $00.0001.
Is the gig up?
Has this most-probable investment game passed the point-of-no-return?
Will there be a cataclysmic flush in the death spiral where as many floorless debentures and other debt instruments will be cashed in to salvage something from this train wreck?
No more last hurrahs for IDOI's shoe magazine. All IMHO.