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I don't see that happening either. Expect a unforeseen delay that will take longer than anticipated. Won't be surprised if we don't get fins until the 2014 fins are due and after the extension of that of course.
I don't know what that means.
It looks like Ed has successfully run this stock into the ground. Smh
Who cares
Never going to happen on a holiday. I'm guessing, in February. A few days later than the latest he once again promised.
Hopefully the Sylvan family is smart for the shareholders and not just the Sylvan family.
And yes today's PPS is quite low. It's the 52 week low. Hopefully we'll bounce back like last time.
I'm not sure how many shares SEGI has sold since they started diluting. It's been enough to have to increase the A/S twice up to 1.5B shares. They are selling them cheap which doesn't look good to me. Hopefully, they will get some financing that isn't toxic to where they can buy these shares back while it is cheap and keep them as treasury shares. That would be nice.
IMO, most of today's trades were dilution. Day traders and swing traders may have bought them but they were sold by market makers and note conversions who bought them from SEGI.
They have not unloaded their shares because they don't want to take a huge loss. Once they sell, it becomes recognized. If they are that heavily invested the best thing to do is average down and hope for a high volume string of green days for them to make a profit and close Out their positions. Right now all the volume you see is dilution and day traders flipping if they can. All the strong hands aren't selling.
CAYO, what do you mean? 50 million shares where?
Thank you for clearing that up.
Lol, ok.
If filing for being fully SEC reporting is the best way to get there then I believe Ed will take that route. The biggest hurdle will be maintaining a 30 day PPS of 0.01 without doing a reverse split.
I don't need to. That's besides the point. SEGI's goal is to become fully reporting and then work towards qualifying for the OTCQB.
The audit will be conducted with the generally accepted accounting principles (GAAP), and in accordance with the standards established by the Public Company Oversight Board (PCAOB) for the US market and the standards established by the Canadian Public Accountability Board (CPAB) in Canada.
The company's reporting standing can be SEC reporting, bank reporting or international reporting.
All companies will be required to file an initial and annual certification on the OTC Markets website, signed by the CEO and/or CFO, stating: The company’s reporting standing (i.e., whether SEC reporting, bank reporting or international reporting) and briefly describing the registration status of the company; That the company is current in its reporting obligations to its regulator and that such information is available either on EDGAR or the OTC Markets website; - See more at: http://securities-law-blog.com/2014/04/01/otcmarkets/#sthash.tA0JJCQj.dpuf
You're wrong. OTCMARKETS is very clear on what is required to get quoted on OTCQX and OTCQB.
They don't need to be SEC reporting to move up to the OTCQB or OTCQX. Therefore they wouldn't need to file a form 10.
Maintain a closing PPS of .01 for 30 days and GET otc lifted in Canada and SEGI could qualify to uplist to the OTCQB.
That's partially correct. But they could become fully SEC reporting by filing another application once the requirements have been met or through the following 1) C.:
1 Requirements for Admission to OTCQB
1.1 Eligibility Standards
To be considered for admission to OTCQB, a Company shall:
1) Meet one of the following conditions:
a. Be an SEC Reporting Company current in its reporting obligations;
b. Be a Bank current in its reporting obligations to its Bank Regulator or, if applicable, to the SEC; or
c. Be an International Company listed on a Qualified Foreign Exchange, in good standing with such exchange.
Thanks In Advance? Maybe for TIA
Yea maybe...
As to the access to capital? That's a stretch.
They could uplist to higher levels of the otc. It's not that difficult nor is it hard to learn about.
Yes, I liked the latest PR but it did nothing for the number 1 objective of the CEO. Which is to maximize shareholder wealth. I don't know why that is.
The dilution has been a sad thing to watch. I feel like Ed could have made a lot more money for SEGI by selling new shares above .005 and yet he's been dumping millions at .0005. Doesn't make any sense. If this is a scam he's not even doing it right and if this is legit he's not doing that right either. It's like he doesn't want the PPS to rise and is doing everything he can to keep it low all while maxing out O/S and then raising A/S for next to nothing. At least pump and dump stocks make a run before diluting it down to nothing.
I still believe this can run hard. It has yet to do so. Whether or not it can be sustained is very suspect. I'm confident in my DD and that of others here. It's been a frustrating ride. Knowing the potential but not coming to fruition. I don't think this company is a scam. But everything as of late has seemed to the contrary. Looking forward to 2015. Cuz 2014 has been a bust.
I'm not heavily invested in this company. I would like to see it succeed though. We have a lot a good people invested in it and I would like to see it pay off for them. It's been very unfortunate to watch what's been happening here the last 9 months. There's a lot of potential but it seems like Ed might not be the most credible CEO to take this where it needs to be. Still trying to keep the faith. Good luck to you as well.
Yea but once the 7's go more will show up on the ask. I don't think we'll see them go today. But maybe!
Whoa now. We know it is more than that. They have diluted since May. They are diluting now.
SEGI on the breakout board, most posted board and the most read board. More eyes equal more volume.
Chris Pine to Narrate THIS IS NOT A CLUB Debate Team Documentary
His upcoming projects include Z for Zachariah, The Finest Hours and Mantivities. He recently appeared on the big screen in Horrible Bosses 2, Jack Ryan: Shadow Recruit and the Star Trek films.Broadway World · 1 day ago
Hilarious... We may end green today.
Because they only need audited fins through 2013. If they post those before the end of the year then they could get CTO lifted. And I'm going to assume 2014 is going to be audited right away. That won't be due for a long time. I'm sure Ed has talked to the BTSC about what needs to be done in order to get the CTO lifted.
But the bid is at 5. Who's going to take down those 7's?
I agree with you. But it's a better more definitive carrot this time. The SEDAR should be filed before the end of December. So CTO lift before the end of January.
He said staring Chris Pine and not starring Chris Pine. Maybe he is not in the movie.
Don't be a baby. Buy 100M at whichever price you can get. Do it.