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I think people need to go read the 8-K AMBS filed in February about the amendments to certain debts in default. For one such debt
"As a result of the 30 January financing previously announced, the Old Notes and Warrants, inclusive of interest, would have been convertible into approximately $900,000 in common shares priced at $0.0333/share, which would have equated to 27,000,000 common shares."
I think what you are seeing is these lenders converting and selling every share they can. I think they were selling for some time, were selling heavy this week and used Wednesday as an opportunity to unload millions of shares. As long as they get 3.33 cents a share they do fine. Selling at 5 and 6 cents gives them huge profits.
Unfortunately, I think we are stuck with this until they are all sold out. But I think this provides a buying opportunity because they are holding the price way down and after they are done, the balance will be restored and the stock can move up.
2.5 to over 3 BILLION shares O/S.
Was almost 400 million years ago and before this reverse merger. Have to multiply by at least 8 to get an estimate of current shares O/S. This is always the case. anybody understanding anything about RM's knows this.
That was 2 years ago and before the reverse merger. They old shareholders would own between 7 and 20% now. So on average, you can take about 400 million shares X 8 and estimate what is O/S. At least 2.5 billion and probably over 3 billion.
At least 2.5 billion shares O/S after this reverse merger. Could be over 3 billion. Today's market cap would have hit $200 million to $240 million
Around 2.5 BILLION shares O/S.
Market cap is now around $200 million. We don't even know anything about these so called contracts.
No it can't. We know what it's 2% of. The documents tell you what it is. It's 2% of a shell company that will have very little in assets, no debt and a claim that there are some receivables that are due them. All the creditors become the owners of the other 98%.
It's 2% of the company value which is unknown at this time. It could be 2% of a billion dollar company or 2% of a 100 million dollar company.
"They will value new shares when they are issued out. They will have a value before they are traded."
Unfortunately it doesn't work that way.
1st of all they don't value new or old shares. Shares are valued by what they trade at.
One of two things happen with shareholders retaining a 2% stake. Either the current 100 million shares remain outstanding and they issue 4.9 billion more shares to get you the 2% or they issue a whole new common stock of which the holders of the current 100 million shares get 2% of that. If the total shares will be 50,000,000, all common stockholders get a total of 1 million of those.
The common shareholders currently own all of the near 100 million shares of common stock and they trade at 1.2 cents a share. That is valuing their stake at $1.2 million. That's is valuing the company that will come out of bankruptcy at $60,000,000. We all know that is so insane as to be at least 10 times more than it can possibly be worth as a shell company looking for a reverse merger.
But nothing in the process involves the company or the court or anybody setting a value of common stock. right now the market is saying the current common shares are worth $1.2 million and that represents 2% ownership of the company that will exit bankruptcy.
I can't tell you what the traders will do with this stock but in the end, the current shares you hold will be at least 90% less than they are today.
Seems to be some confusion on how things work. Whether they cancel the current stock certificates and issue new shares in a new common stock or whether the creditors just get newly issued shares (both common and convertible preferred) on top of the already outstanding shares, the result is the same. The current common stockholders as a whole will own 2% of the shares of common stock when you take into account the number of common stock shares that the preferred stock represents. The current stock price represents the value that the existing outstanding shares have, which would be just 2% of the valuation the company will have after the new shares get issued. This means that with a 1.2 cents stock price and 100,000,000 shares already outstanding before bankruptcy, the valuation of what will be 2% of the reorganized company is $1,200,000. This means it is valuing the company after the reorganization at $60,000,000.
Since we know the company coming out of reorganization has no assets to speak of and will simply be a reverse merger play, this means the stock is way overvalued and should be at least 90% below where it is today. Unless I missed it, the Disclosure Statement needs more information. It should say exactly what the number of shares of common stock are projected to be and the number of that related to the current shareholders (2% of the total). I saw some comments about it all depends on what they set the valuation of the new shares at. That doesn't happen. The stock market sets the valuation and right now it is setting an insane valuation that should drop be 90% when people start to do the math on this.
That has nothing to do with the subject. NOL's are normally carryied forward for up to 20 years. That was a special thing Congress passed in the financial crisis that let companyies carry 2008 losses back to prior years to offset profits and get an immediate "refund" instead of requiring the losses for that year to be carried forward and used against future profits. Nothing what so ever to do with NOL's in an acquisition.
The law isn't even even a question. Every corporate tax attorney or CPA that has ever been around the subject know it. Google it yourself. They are worthless. Why do you thing companies with huge NOL's go out of business every day. It's because you can't sell NOL's.
Read almost any company's tax footnote that has NOL's. They tell you they can be impaired if there is a change in control.
NOL's are worthless - "This has been bugging me ever since"
Statutes on NOL's changes over 30 years ago. A company loses most NOL's in a reverse merger. They only get to keep an amount equal to the value of the company on the date the reverse merger occurs and then they only get to use about 1/25th of than in any year. Since ASYI's market cap is about $500,000 that is the amount of NOL's that would remain. Less than $3000 of that could be used in any year. So they are worthless.
Aren't you forgetting to put a disclaimer on these post?
I see the crowd of paid stock pumpers is lining up here.
BY PAID STOCK PUMPERS, I'm referring to those whose IHUB profiles show that is what they do on IHUB.
$50 MILLION MARKET CAP - INSANE
ALL I EXPECT THIS COMPANY TO PRODUCE IS PR's and STOCK CERTIFICATES.
The dump is coming very soon.
This might actually be a real deal. Several pages you need to see.
-------------------------------------------------------------
ALCO Advanced Tech
OTCMarkets.com
http://www.otcmarkets.com/stock/ALCD/company-info
Company Officers
Sylvain Desrosiers
Alberto Surijon - CEO, President, Officer
----------------------------------------------------------------------------
NV SOS for SOUTHERN ITS INTERNATIONAL, INC
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=k6cVhh9%252fGExLU3SkbfiR6w%253d%253d
Director - SYLVAIN DESROSIERS
President - ALBERTO SURIJON
http://www.southern-its.com/about-us/16-2
Cached version since website crashed in last hour
http://webcache.googleusercontent.com/search?q=cache:60DxxfDksckJ:www.southern-its.com/about-us/16-2/+&cd=4&hl=en&ct=clnk&gl=us
Jason C Bell, President
On top of his responsibilities at Alco Advanced Technologies, Mr. Bell is currently the President of Southern ITS Corporation, a Mississippi based corporation that specializes in the installation of Data and Phone network infrastructure and surveillance systems.
-----------------------------------------------------------------------------------
So Surijon runs both companies now.
The http://www.southern-its.com is the correct web site.
People running both companies have been sharing time at each.
1,155,000,000 O/S shares. Thats what you get when the 10,000,000 shares or preferred stock convert to common stock at the ration of 100 to 1.
Then why are third parties paying for the promotion and not the company?
Looks likes somebody is trying to unload millions of shares into these paid pumps.
IMHO AZUL isn't worth a $110,000,000 market capitalization. Maybe a $110,000 one.
Why did the company change it's name to a Pharmaceutical name when todays press release makes it clear it is only going to make and sell food supplements and no drugs what so ever?
Komando Robot is also a IRP who travels in the same pack and it is never clear whether he is paid on a particular stock because he fails to properly disclose when he is being paid.
THIRD DAY OF HUGE PAID PROMOTION.
This is at least the third day in February of a huge paid promotion. This one is just like last weeks where a pack of the IRP on IHUB were paid large amounts of money to swarm this and other IHUB message boards to promote this stock. A stock that with preferred stock considered, has over 1,155,000,000 shares O/S and a current market capitalization of over $110,000,000. All they have is another version of a food supplement ED pill, very similar to the ones his family businesses has distributed before. See my other posts on HRID for more discussion of these issues. Todays paid promotion is brought to you by the swarm of posters working for StockGoodies who usually include at least
SmallCapsMarket
ManicTrader
Mrchipper
Nilbud
PhotoChick
Zigzagman
Stockseekerok
Holy moses. They are issuing shares right and left. No wonder they are paying you and at least 14 others here to pump this stock like mad. Somebody must be trying to unload at least 100 million shares.
265,612,000 shares outstanding on October 21, 2011. There are 20 million more shares of preferred stock. This is 80 million more than at September 30, 2011. Who knows what it is today.
Nevada Agency and Transfer Company provided a current shareholder's report of October 21,2011 and confirmed there were 265,612,000 shares outstanding.
http://www.otcmarkets.com/financialReportViewer?symbol=DIGX&id=65961
EXTREMELY HEAVY PAID STOCK PROMOTION HERE SINCE FRIDAY EVENING.
This is a one and two day paid promotion. So be aware us this huge concentrated paid stock pump. This involves as least 15 people being paid to promote this stock. They dominate the number of posts here over the last 2 days and many more posts are all over the momo boards on IHUB. I got the following information from the disclaimers of the people listed below. You can verify this or check my numbers for errors by reviewing the posts and disclaimers of these posters.
StockGoodies is being paid $12,000 to promote this stock for two days Posting as part of StockGoodies are zigzagman, SmallCapsMarket, PhotoChick, Nilbud, mrchipper, ManicTrader. Stocseekerok disclosesbeing paid by StockGoodies.
Stock Legends is being paid $4,000 to promote this stock for one day. Posting as part of Stock legends are MrGreenPenny, Matt_Chart, QuickDraw007 and TheBogeyMan.
Hdsstocks, cinfuax and Komando Robot are also being paid to promote this stock.
265,612,000 shares outstanding on October 21, 2011. There are 20 million more shares of preferred stock. This is 80 million more than at September 30, 2011. Who knows what it is today.
Nevada Agency and Transfer Company provided a current shareholder's report of October 21,2011 and confirmed there were 265,612,000 shares outstanding.
http://www.otcmarkets.com/financialReportViewer?symbol=DIGX&id=65961
EXTREMELY HEAVY PAID STOCK PROMOTION HERE SINCE FRIDAY EVENING.
This is a one and two day paid promotion. So be aware us this huge concentrated paid stock pump. Posts 318 – 453 include at least 96 posts from at least 13 people with disclaimers showing they are being paid to promote this stock. More posts are all over the momo boards on IHUB. I got the following information from the disclaimers of the people listed below. You can verify this or check my numbers for errors by reviewing the posts and disclaimers of these posters.
StockGoodies is being paid $12,000 to promote this stock for two days Posting as part of StockGoodies are zigzagman, SmallCapsMarket, PhotoChick, Nilbud, mrchipper, ManicTrader. Stocseekerok disclosesbeing paid by StockGoodies.
Stock Legends is being paid $4,000 to promote this stock for one day. Posting as part of Stock legends are MrGreenPenny, Matt_Chart, QuickDraw007 and TheBogeyMan.
Hdsstocks, cinfuax and Komando Robot are also being paid to promote this stock.
The 10 million preferred shares convert at a ratio of 100 to 1. They are always in the money and you always consider them as common stock. They stay as preferred for control and rights purposes and can be converted and sold at any time. You calculate market cap on all shares O/S and all in the money preferred shares or shares that convert at a fixed ratio of a number of shares. So the market cap is over $85 million today. We still don’t know what they issued to acquire EMG
From reading the press releases, I don’t think the EMG they acquired has any revenue either. The Cadena family has been quite active in Florida registering a number of EMG companies. Much of this happened in the last several months. Looks like they have shuffled things around and just sold that was already trying to market this ED nutraceutical. Other than some hyped up comments in the press releases, I haven’t seen a thing where they are planning on developing and selling any drug. All they are doing is natural food supplements that don’t require FDA approvals. This is what nutraceuticals are. OTC and prescriptions products are drugs and require FDA approval and potentially very time consuming and costly trials. All I see from the press releases are claims they will launch supplements. These guys are vitamin and nutraceutical distributors by trade and now they are trying to launch a ED supplement with a very simply formulation of widely used food supplements. You should look at information on Pharma-Natural. It was founded by another person with Mr. Cadena being a VP and Director for a couple of years before he left. After he left, PNI was selling 7 products online. Today under the original founder and his continued activities they sell a large number of vitamins and supplements. It looks like Cadena might has played some junior role in the founding of that company but he left and when he did the company didn’t appear to be that significant. I’ll bet you they have limited distribution of their ED product in 2012 and nowhere near what they claim they will have in 2012. I bet revenue will insignificant during 2012. Nothing that would support a market capitalization anywhere near this level an a business that would normally have a multiple only a fraction of what a Pharma company might have.
One of the numbers of EMG variations owned by the Cadena family is EMG Distributors, Inc. They described their business as distributing a couple of these nutraceutical ED formulations through wholesalers catering to C-stores and gas stations. These are often the little things you see in a little box on a counter somewhere that move at a snails pace in a Stop n Go or 7-11 store or a gas station.
http://www.manta.com/c/mt1hdf8/emg-distributors-inc
<<<<<<<About Emg Distributors, Inc
EMG is a distributor and marketer of nutraceuticals that will assist MEN reach MAXIMUM sexual stamina, endurance and performance! EMG distributes nutraceuticals through national distributors and wholesalers in the U.S. Our current markets are C-stores and Gas Stations as well as convenience stores. ULTRA-SX & 72HP(HOUR POWER) >>>>>>>
It looks like the Cadena family sold one of the EMG named companies to Hybrid and this company will try and market another variation on one of these easy to formulate nutraceuticals. This is another variation of these two products being sold by another Cadena family company named EGM Distributors. From records on corporations, it looks like the Cadena family might own the right to the 72HP formula that’s sold today. That would mean that HRID is just launching another variation of a supplement claiming to work on ED. It looks like this is competing with one or more other Cadena family businesses selling the two products shown below. How little revenue do you think these other two products generate in a year? This doesn’t appear to be what the press releases want to tell you.
http://www.amazon.com/72-HP-Hour-Power-Enhancement/dp/B005O56C8U
http://www.blackantsexpill.com/product_index.php?pid=19291&$products=ULTRA%20SX%20sex%20pill(24pills)
EXTREMELY HEAVY PAID STOCK PROMOTION HERE SINCE FRIDAY EVENING.
This is a one and two day paid promotion. So be aware us this huge concentrated paid stock pump. Posts 318 – 453 include at least 96 posts from at least 13 people with disclaimers showing they are being paid to promote this stock. More posts are all over the momo boards on IHUB. I got the following information from the disclaimers of the people listed below. You can verify this or check my numbers for errors by reviewing the posts and disclaimers of these posters.
StockGoodies is being paid $12,000 to promote this stock for two days Posting as part of StockGoodies are zigzagman, SmallCapsMarket, PhotoChick, Nilbud, mrchipper, ManicTrader. Stocseekerok disclosesbeing paid by StockGoodies.
Stock Legends is being paid $4,000 to promote this stock for one day. Posting as part of Stock legends are MrGreenPenny, Matt_Chart, QuickDraw007 and TheBogeyMan.
Also being paid to promote this stock here are cinfuax and Komando Robot.
Hdsstocks has not posted here but on other IHUB boards and discloses he is being paid to promote this stock.
YOU FORGOT 1 BILLION SHARES.
There are 10,000,000 shares of preferred stock that convert to 1 billion shares of common stock. On top of that there has not been any disclosure of how HRID acquired EMG. Was it a reverse merger. Did they issue another billion shares. EMG and HRID are not pharma companies and would never deserve a pharma multiple. They sell vitamins and supplements. Very competitive. This new product is nothing special and I don't think they see much revenue from it at all. Have you seen this product label on that web site. They don't provide any information to support a single claim about this product that is just a formula of some ingredients widely used in supplements.
MARKET CAP = $132,000,000 at 11.50 cents.
This stock is in dire need of some DD on both the company and on today’s press release. At 11.5 cents a share, the market cap is over $132 million for a company with no revenue and announcing they will be selling a simple nutraceutical supplement. This press release makes it sound so Pharma but all it is saying is they are getting this product formulated and packaged at one on many companies in the US that operates under the standards used by manufacturers of almost everything you would buy in a vitamin store or GNC. There are 152 million common shares O/S and there are 10 million preferred shares O/S that convert to 1 billion common shares. One company owns the preferred shares and 119 million of the common shares.
http://www.otcmarkets.com/financialReportViewer?symbol=HRID&id=67899
<<<<As of September 30, 2011, 10,000,000 Series A shares were authorized. 10,000,000 shares are issued and outstanding>>>>
<<<<Series A Preferred Stock (i) is convertible into one hundred shares of common stock for each share of Series A Preferred Stock converted; (ii) provides the holders with one hundred votes per share held and the right to vote for any purpose that the holders of the Company’s common stock may vote;>>>>
http://www.otcmarkets.com/financialReportViewer?symbol=HRID&id=67900
<<<< AMCT, Inc. owns: 119,000,000 shares of common stock and 10,000,000 share of preferred stock.>>>
There are other tip offs on this as well. If Ceautamed was looking to do a RM with VTLV, they would be changing the name to Ceautamed or Wellness Watchers and wouldn't have a use for the domain name Vital Living or having a new makeover of that web page. They already have their web sites that have operated for many years and are always being reworked. These people don't have any use for the name Vital Living and know it is a very tarnished name in this area. The people in Canada that have nothing to do with Ceautamed of VTLV want the domain name Vital Living. If Ceautamed was doing a RM and wanted to use the Vital Living domain, you would see the domain name being registered in Canada. It would be in Florida where they are all long time residents. The VTLV shell still owes other people money and has unresolved issues with the SEC on reporting on matters like their transactions with Nuetracea. The SEC sued Nuetracea and there officers. there were some very questionable transactions with VTLV and with officers of VTLV. I don't think VTLV could ever be a shell that is revived by anybody. I think it is a mess.
Your comments are right along with one of my main points. Nothing has changed with Ceautamed or Greens First. They have been doing this for several years. That transaction happened in July 2009 and Ceautamed has been paying them monthly ever since. What got this stock moving was the information on the sale of the domain name Vital Living. My posts clearly lays out that what is going on here on the domain name has nothing to do with the public company VTLV or the shell VTLV. The shell is a mess, has all kinds of problems and liabilities and the O/S shares are very high now. What actually happened is nothing different than ABC company buying an old abandoned domain name from somebody that no longer uses it. It happens all the time. It's not a revival of the stock VTLV. Call Ryan, one of the owners of Ceautamed and ask him. He will set you straight.
You have the Vital Living story all wrong.
Ceautamed did the transaction they did to make sure they have the rights to sell Greens First and some other products that Vital Living had. This is because the principles were owners of the largest distributor of Greens First and largest customer of Vital Living. This distributor is Wellness Watchers Global. Ceautamed and Wellness Watchers Global operate web site called Greens First, First Shake and Wellness Watchers Global to market their products. Ceautamed also sells to other distributors. That is why you see others on the web selling Greens First. The web domain transaction has nothing to do with the stock VTLV. That was a transaction where a Canadian company acquired to unused web domain name Vital Living to use it for whatever they intend to market under that name. It has zero to do with VTLV or Ceautamed. The Vital Living shell is a mess. People are owed money; they have issues with SEC reports not just being late but also ones not meeting Sec requirements. There may be some tax issues here as well. The O/S shares are much larger that last reported. The interest on the debt that Ceautamed acquired was met issuing or owing additional shares. The numbers add up quick and the current share count should be over 1 billion shares. The Vital Living name as it relates to selling nutraceuticals is so bad I don’t think anybody would go near that name for that purpose again.
But the key here is this is all about somebody buying the domain name and has nothing to do with VTLV, Ceautamed, Greens First or Wellness Watchers, other than VTLV would have earned a few bucks selling the domain to this Canadian company that wanted it.