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How can I get out of this jail?
ANDI for LIFE!!!!!!!!!!!!!!!
No problem...working with etrade and other brokerages to straighten this out. The good thing is it will be a little time before the conversion takes place but working on it now to make sure everything is set up correctly.. Will update everyone on things as they come.
This is incorrect. Jc or Pro you guys seem to understand the logistics behind this can you explain it to everyone....I'm tired of typing it.
Just got off the phone with Jay....he said he understands that the big brokerages will not accept because of the libability and they will be releasing a pr telling everyone where they should go in order to clear the certificates with no problem. I will be talking to this business shortly as I have some questions
I'm in discussions with ETRADE telling them everything...the big reason they don't want to accept it is because most penny stocks don't register their shares. Here we will have an actual S-1 registration which will negate any liability that ETRADE has....I also told them the amount that would be likely to come in and if they don't want to work with me I have no problem going to another company. Plus I have other equity I was going to transfer so it would be in there best interest to help me and dicuss.
Not a problem....I'm not a 100% sure of how it works after the first conversion but am in contact with the guys asking lots of questions and if you were on the ar** and an** cc than you probably heard me asking lots of questions....This is new to me and I am still working on learning it myself and am discussing my situation with my brokerage to make sure not complications arise when I convert.
I talked to a local branch and am working on getting clarification from them...will be talking to them later.
They said email is the best way and you have to understand that there busy working on this as well as AR** and AN**
The underwriters ensure the liquidity. We still have a little ways to get on to the AMEX but it is happening and steps are being taken as you can see. As far as the first conversion goes that will be through the OTC as I understood in order to create the "issued capital"....all preferreds are dividend capable unless you sold them. The conversion rate is set in stone and won't change. From my talkings to the guys that are doing this....when more conversion occur, they will be underwritten and shares will be retired or bought back and retired in order to maintain a "real" share structure that does not dilute the market and drive the price down.
Well duh it makes you feel better so that when they reverse split to make the share structure much better and bring price up to AMEX uplisting requirements everybody has shares and isn't hurt from the split. The preferreds don't get split because there protected and furthermore, you still get to keep your common shares which you can sell as soon as the ex date passes and still get your preferreds without worrying. You sir should have been on the call.
What there doing is restructuring the company. By giving shareholders anti-dilutive shares, there protected against any splits which is what will happen to make the share structure better. This split will bring the price $2.50 at which than we will sell a certain number of preferreds in order to make the capital of the company and satisfy the requirements for the AMEX uplisting.
Hmmm I wonder why there issuing anti-dilutive convertible preferred than....man I just for the life can not figure that out.
Good luck. Just another shithead if a CEO. Filing is almost 45 days late
This is my last post since I only have a free account....If anyone needs help....pm me your email address and ill email you.
What I did was take a screenshot of my statement of account holdings with everything blacked out except ANDI and than I took a screenshot of my trade confirmations (buy at this amount, sell at this amount, total value) and sent that. They told me that was the way to do.
Step: I'm not speaking as if I am the company. I'm speaking cause I asked these questions and called the guy directly to voice my concerns and answer all my questions. In fact, last week I was on the phone with him for over one hour while he answered all my questions. Yesterday during the CC, these questions were answered and directed toward everyone. It helps if you join the CC. It may help you.
Just to let you know the same thing happened to me and when I was on the call listening to ARNH yesterday....I specifically asked a question regarding this and when I was going to hear. What they are doing is before the CC is helping all investors or shareholders get there docs, paperwork, files whatever to them as they have asked and after the CC today they will be sending out confirmations along with details regarding your Preferreds. They told me specifically that it is best to help everyone before sending out confirmations and that as soon as the CC is over they will be cranking out emails to everyone and not to worry. I confirmed they received my email yesterday on the call and was told if you send an email after fixing the documents required and did not receive an email back, you are in perfect order and will receive a confirmation shortly. You must understand they have a ton of emails coming in!!!!!!!!!!
Ell....don't worry. J I agree with you....look at the bid now....I may be entering here an averaging down...would not be a bad move at all imo with the low float and news and money incoming.
Seriously man!!!!!!!!!! You ever think background noise from a million people while one person is asking a question and another is answering is a problem? Come on. He is saying mute your phone if your not talking or not going to ask a question. Common sense there.
Source? I would like to read on this.
Just as Digitimes posted, It was in the pr. Also for the person who asked about audited financials. MaloneBailey will be the auditor
Look at the trades going through and how it's trading. Clearly this is being pushed down and the price depreciation is scaring people. Remember low floater. This will come back
Ill be on the call for sure
Not selling either :)
Anytime!
No that's incorrect. If you bought 25million shares at .0001 that's 2500 dollars. Divide that by 2.50 and you get the amount of preferreds. Multiply that by 100,000 and you get the common conversions.
Huge things would be my guess. Excited for tomorrow.
It'll close way above that soon and your not invited to the party when that happens.
Honestly its clear someone is just pushing this down and wants lower entry points...You can see that clearly from how Friday worked as well. To me these are cheapies and you see how easy it moves up.
CC is tomorrow
I'm not. I'm excited.
Small float we should bounce
Good for you :)
Amazing things in the work. Woot
You can't say we when you just admitted you had zero shares and no were not. I can't wait for the next few weeks
If this is the truth than why stock around.
I'm super excited
Believe what you want, but thats the truth....Plus from the questions I have asked i feel very safe and happy. I know what going to happen and its only good. There are way to keep that many shares off the market and I have ideas of exactly how there going to do that. Ask your questions on the CC if you don't believe me.
Thats how there determining the preferred shares.....Total Cost of ANDI/2.50= preferreds shares*100,000=common shares
whats your total cost