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Was Feedback's "movie" that bit part he had in that movie Megasnake on the Sci-Fi Channel a few weeks ago?
I've got a copy of that mailing in front of me and it starts off with:
Dear Investor, what you're about to read is astonishing...
By the time you receive this letter a 115 foot state of the art ship named the Weatherbird II will be arriving off the coast of the Galapagos Islands.
From there it will spend the next few weeks trolling the Pacific Ocean --- dumping over 20 tons of iron into the water. Dust ground up so fine it will float on the ocean's surface.
For the record, I don't own any PLKT and only checked out this board because the mailing got me curious. Obviously somebody is willing to spend a fair bit of money to try and get this stock moving. It'll be interesting to see where it goes from here.
The RB board is still there. They just finally got around to updating the ticker symbol from IBCS to IBCD which changes the board's address.
http://ragingbull.quote.com/mboard/boards.cgi?board=IBCD
=^..^=
At this point we need some news or a filing to generate some buying interest.
I really doubt anyone is watching the ask and thinking, "$1...that's too high. Hmmmm....now .40...nah, still too high. Oh wow! It dropped to .34! Time to load up!"
Then again, MM's often work in mysterious ways. lol
So is E*trade. eom
I'm seeing the same but a bunch of other charts are messed up too so it appears to be some technical problem. Are you using E*Trade?
Stan Lee Takes on Paris Hilton and Wannabe Superheroes
TV Guide interview with Stan...
http://www.tvguide.com/news/stan-lee-superhero/070726-02
Although I posted in a joking manner I was NOT joking about the phrase "DONALD TRUMP OWNS SHARES!" being a red flag, at least for me. And I never said PPBL's problems were DUE to Donald Trump. I do think one of the problems with this stock is that Donald Trump's ownership of shares was touted by the pumpers to give the impression that Trump approved of the company and thought PPBL was a good investment, as if he had purchased his shares on the open market. The truth is he was GIVEN shares in addition to his CASH payment for each issue of the magazine. I wouldn't be surprised if Trump doesn't even know he "owns" shares in PPBL.
And for the record, I AM one of those people who have taken a beating on PPBL so I've earned the right to do my "comedy routine" here.
DONALD TRUMP OWNS SHARES!
The above statement used to be a good thing for a stock.
Now it's more like a red flag! LOL
How times change...
=^..^=
I think that Bryan Kuskie is more astute than to swap a 65% shareholding in the old EVSF for a 1.6% shareholding in the new EVSF without there being any potential value in the new company.
If Bryan Kuskie thought that the new EVSF would be worthless, he would have taken a cash payment and run for the hills. He is taking stock as payment, which gives good confidence that my shares are also going to be worth more than they are at the moment.
I'm not sure if Brian has "run for the hills" yet, but according to my reading of the filings he sold his 632,250 shares to the Chinese company for $550,000 cash plus 500,000 shares of the new company.
Unlike so many penny stock companies that have no real product and exist simply to sell shares, we KNOW Stan Lee is real and has created valuable properties in the past (i.e. Spider-Man, etc.). His name alone has value as a "brand name". Even if some young POWN employee comes up with an idea for a new superhero it will be promoted as a Stan Lee creation. I find it encouraging that we're NOT getting a bunch of fluff PR's trying to pump up the share price. Sooner or later (hopefully sooner) POWN will PR a new project that Disney will have first rights to----and if they pass on it then Stan will be free to market it elsewhere.
Not sure if it's good or bad or neutral, but I'd lean toward neutral.
Some quick DD indicates MJMM Investments held 24,000,000 before the 1 for 300 reverse split so they should have ended up holding 80,000 afterwards or 7% of the O/S. This Form 144 is for 11,401 shares which is almost exactly 1% of the O/S so MJMM still hold 6%. Of course, they may be limited as to how many they can sell per month and will just continue to file 144's as allowed until they're completely out. I think at this point it's just something we should keep an eye on, but I'm not too worried.
GLTA
fwiw, a Form 144 has been filed:
>EVSF
SOURCE: Form 144
ISSUER: ENVIROSAFE CORP
SYMBOL: EVSF
FILER: MJMM INVESTMENTS LLC
TITLE: Shareholder
BROKER: GLB TRADING INC
RESTRICTED SHARES TO SELL: 11,401
DATE REGISTERED: 6/20/2007
APPROXIMATE DATE OF SALE: 6/25/2007
The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.
Form 144 Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
(END) Dow Jones Newswires
06-25-07 2300ET
That $826,984 was for the first 3 months of 2006, not the whole year.
Reverse split repeat offenders? There's an iHub board devoted to just that!
http://www.investorshub.com/boards/board.asp?board_id=3017
We go to PPBLE when the market opens on the 24th (tomorrow). The 13:35 was not any sort of deadline, it was just the time that the delinquent notice was posted on the OTCBB Daily List.
I don't think they're officially delinquent until the 24th, but I could be wrong.
http://www.otcbb.com/asp/dailylist_detail.asp?d=05/22/2007&mkt_ctg=OTCBB
The time is just when the update was posted today on the OTCBB Daily List. As I understand it, the "E" will appear on their ticker on the 24th.
BTW, there's like 70 or so other companies getting an "E' on today's list, too.
Looks like we're gonna get our "E"...
13:35 5/24/2007 PPBL PPBLE Premiere Publishing Group, Inc. Common Stock Delinquent
That's how E*Trade is showing the line up, too.
E*Trade's L2 is now showing MM Hill with a .20x.45 b/a. I'm pretty sure last week they weren't showing any MM's. Not sure if this means EVSF is coming to life or just that E*Trade is finally getting its act together.
WAG May 14th at 7:00am
They say the time to buy a stock is when everyone else has lost faith and is selling.
Sigh....unfortunately it seems I may have bought in a little too soon. Hey! How about everyone regains their faith tomorrow and we go up? Sound like a plan?
=^..^=
You know, even though I don't think that trading is technically limited to one MM for the first 30 days, I do believe it may be the case from a practical standpoint. I mean, why should additional MM's bother to do the DD required when filing a Form 211 when they can just wait 30 days and then piggyback on the original MM's filing?
Without news or more MM's trading this I don't see much happening here in the near future.
"We shall see" works for me. LOL
I must say that I've never been in quite this situation with a stock before. My broker (E*Trade, a bunch of miserable incompetent wretches) doesn't even show any market makers for EVSF yet they show the occasional trades that have gone through. I suppose they're traded by.....elves?
In any case, it's entertaining if nothing else.
Well, maybe I'm just reading it wrong but I don't see where one Market Maker gets an exclusive for 30 days.
Eligible Securities
If a security has eligible status, it means one or more Market Makers has received clearance to quote the issue on the OTC Bulletin Board within the last 30 days. Any other participating Market Maker that wishes to quote the issue must also submit a completed Form 211. During the "eligible" period, a frequency-of-quotation test is administered. The test is described below. Until the test is satisfied, all Market Makers must continue to submit a completed Form 211.
Active Securities
An OTCBB-eligible security that meets the frequency-of-quotation requirement for the so-called "piggyback" exception is identified in the service as "active." The frequency-of-quotation test or "piggyback" exception is based on whether a broker/dealer has itself published quotations in the security in the applicable interdealer quotation system on at least 12 business days during the preceding 30 calendar days, with not more than four consecutive business days without quotations. Once this criteria has been satisfied, authorized participants may register on-line in a security. As long as the security remains in an "active" state, any participant may quote the security without a Form 211 submission.
http://www.otcbb.com/AboutOTCBB/howtoquote.stm#aboutregistering
Just to pick nits here, I don't believe that Rule 15C2-11 specifically limits trading to only one market maker for 30 days, but if another market maker wanted to quote they would also have to file a 15C2-11. And filing a 15C2-11 requires jumping through some hoops on the part of the market maker. But if one market maker has already gone through the process of filing a 15C2-11 then 30 days later other market makers, without doing any work themselves, can "piggyback" on the original MM's quote.
Effectively though, it probably means it'll be at least 30 days before things get rolling around here.
And, no, I'm not expert on SEC rules, I just stayed at a Holiday Inn Express last night. LOL
http://www.securitiesce.com/web/pages/series24/files/series24sample.pdf
When I click on the following I seem to end up at a post on the Netflix board from 2003?
Ozzie Osbourne - Crazy Train #msg-1251028
If I'm just crazy please let me know so I can get someone to increase my meds. Thanks! LOL
Thanks! It looks as if Monday will be the earliest we see any trading under the new ticker.
That's just because the closing price before the R/S was .0015 so the "last trade price" after the R/S becomes .45 (.0015 x 300).
The big question is what price will the first post R/S trade be at? Do you know if E*Trade was accepting orders for EVSF today? Apparently Ameritrade isn't even going to accept orders until tomorrow or maybe next week.
E*Trade's platforms aren't showing a b/a for EVSA. Nor is there any L2 info either. I'm assuming it's a glitch or something related to the uplisting.
No, I didn't mean there was a mailing for a shareholder vote, that wasn't necessary, but according to the filing the R/S can't take effect until 20 days after shareholders are informed by a mailing.
And a R/S can be cancelled by the same process that created it, a majority vote by the shareholders.
According to the DEF 14C filing:
Our Board of Directors has approved the proposal to amend the corporate charter to effectuate a 300:1 reverse Common Stock split on March 19, 2007. The action was also approved by the written consent of a majority of all shareholders entitled to vote on the record date. The actual affirmative vote was 56.9% of all shares issued and outstanding.
The proposal is not effective before first, completion of this Section 14(c) compliance, and second the mailing or delivery of a definitive Information Statement to shareholders at least 20 days prior to the date that this corporate action may take place.
Has anyone received a mailing yet?
That wouldn't surprise me. But whether or not the existing shareholders benefit will depend on the details.
"Interesting" certainly describes this one. The usual penny stock reverse split is from 5 billion shares down to 50 million and back up to 500 million within the week. EVSA seems to be travelling a different path. I'm curious as to where we'll end up.
But then, cats are curious by nature....
It's from the OTCCBB daily list. Click on "view" next to today's (the 18th) date or do a search for EVSA.
http://www.otcbb.com/dailylist/
Looks like someone is buying shares at .0011.
A reverse split isn't based on a price, it's based on the number of shares. So on the day the split takes effect you'll have 1 share for every 300 shares you had the day before---but that 1 share will be worth 300 times what 1 share was worth the day before. The size of the pie doesn't change, just into how many slices it's cut. Think of it as exchanging ten $1 bills for one $10 bill.
That's in theory.
In practice, the fact that a company has decided to reverse split its stock usually indicates they're planning to issue tons of new shares and dilute the stock. Well, at least 99 times out of 100 it does. And so the share price drops as people panic and sell.
But I'm hoping this is the 1 out of 100. No risk, no reward. Keeping fingers crossed....
=^..^=
Well, that turned out to be a disappointing close.
The R/S is mentioned on page 22 of the 10-KSB:
NOTE J—SUBSEQUENT EVENTS—REVERSE SPLIT PROPOSAL
On March 19, 2007, the Company’s Board of Directors and shareholders holding the majority of issued and outstanding Common Stock approved a 300 to 1 reverse stock split of its $.0001 par value Common Stock. The par value of Common Stock will not change. All the fractional shares will be rounded the nearest whole shares. With the exception of adjustments for those shareholders with fractional shares, the reverse stock split will not affect any stockholder's proportional equity interest in the company in relation to other shareholders or rights, preferences, privileges or priorities. The reverse split will become effective twenty days after this information statement is sent to shareholders.