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It was a guess...
It wasn't a guess. I asked for a estimate done by one of their auditors who does it for a living. I fully trusted his ballpark opinion and by the timeline given by Ed it has fallen within the time frame. I'm sure it is an hourly fee but if you do enough of them you can pretty much tell how many hours it will take to complete a job based upon experience.
It was $3,000-$5,000 for a small public company with little to no revenue. But I would believe it would be $3K-$5K per year. Which would be $9K-$15K total. And I would think SEGI qualifies as a small public company with little to no revenue. But you could email them yourself if you don't want to take my word for it.
I think most of the people selling here are the day traders, swing traders and flippers who thought they could make a quick buck. But the delay discouraged them and they got out. Thus here we are back to where we were 8 months ago. I just want to see some progress. We can't even say will sever see trips again anymore.
I can understand all that. I'm just upset with him saying two weeks more than three weeks ago. If he says nothing at all then we would not have hit trips. We all know that nothing we don't already know will come from the audited financials... I'm just wondering how long will he tell us it will be before he releases any new information after the audit? Because we were supposed to get big news right after we went pink. But that of course got delayed. I'm obviously not the only one that feels this way. The market is acting accordingly. What should be a buying opportunity is also showing no interest. He's just losing investor confidence. I'm not giving up yet. I'm just tired of the excuses.
Well you know Ed. It's all about the journey and not the destination... I have no idea. I can only come up with negative reasons.
The CEO is letting us down. I really can't defend him anymore. Clearly the last 6 trading days have reflected a decline in confidence in Ed discouraged by his ineptitude. I'm not even sure he cares at all. Surely, this is not the best he can do.
You won't see T trades until they are posted shortly after close and if they were posted then they were executed or "honored" if you will. Comprendé? You won't see orders post that aren't executed.
After all our talks about what T trades are and other peoples discussions about them, you still don't quite get it. The T trade at .0011 today was already executed just not publicly recorded at the time. Somebody posted yesterday a great link about otc T trades and the role of the MM. You should give it a quick read again. GL
The only way it would make sense is if it was insider selling via dilution. Either way bad news. JMO who knows.
It shows that they have been manipulating the price shown. And there could be "insider" trading done at negotiated prices that is done off the market and only recorded at the end of the day via T trade.
You're so smart. And knowledgable. You're like that Captain Obvious guy from those Hotel.com commercials.
Yes, And the pps has reflected that. The flippers that bought for a 1 or 2 day flip based off of his timeline probably bailed and took a small loss. Because he is always late. Haha. Maybe I should start flipping it because I know the real timeline. You can always get cheap shares the day of or after he says something is due or to be released. Because it won't be for several days after his ETA. Ha
True but that's almost $20K since last Monday. Twenty grand in one week isn't bad. I could live a little off that for a while. I think it's a little of both loading and unloading. Hope he's got something that will maximize shareholder wealth... Which is the number one goal of a public firm. And as CEO he has a duty to do it. Come on Ed!
Just look at the passed couple of T trades. The T trade has been about the same amount as all the other trades combined and they are at a discount from what the rest o the trades were. They are pocketing the spread and I think Ed is selling discounted shares to MM's off market in large blocks so that he won't drive the pps into low trips. He couldn't sell 5.7 million shares at one time without crushing the current price. But he can of the put it on a trade T form at the end of the day. Just my opinion. Hopefully I'm just being paranoid.
A 5.7M T trade at .0012 seems like dilution to me. He's selling to the market makers at a discount as to not affect the PPS during the day and they in turn can make a profit off of them by selling to us for 25% mark up.
Yea, I am thinking that as well. He's habitually late and just downright rude. I'd rather be in the dark about it cuz his tardiness always affects the PPS negatively. Late on filing is why we are here in the first place. I wonder if he shows up late for important meetings or keeps friends waiting at restaurants for hours before he shows up. So sad, he's probably never seen the beginning of movies or the kickoff of football games. He probably has a mental illness. I feel sorry for him.
Another 6-7 million T trade. It's every day now and they are getting larger. We are getting diluted. IMHO
More people dumping their shares. Why not wait until audit is completed? Is the price expected to go 000's after announcement?
I'll bet you one share... But it would be impossible to confirm.
Doesn't mean anything.
Haha be patient and keep faith.
Yeah we will see. Just not the start of the week I was hoping for. But too soon to start to panic. Maybe a week before that time.
Way too many shares traded today below .0016 that is not a good sign.
I think I'm going to check out one of Fitman's favorite stock message boards and talk trash about that company. Nah, how pathetic would that be. Besides this is his favorite message board.
Will today close green or red?
Let's see if we can hit trips!
Dang, this could hit .0012
So dumb.
Could you imagine what would happen if he would just be exactly on time? This is the time of the season. Investors are looking for stocks about to explode. He shouldn't wait much longer. Investors will go elsewhere.
What do you think would keep Ed busy at the Battle? He's not in the competition. He needs to get this going or he's going to miss the boat. Don't lose the confidence of his shareholders.
Who knows.
I guess all the excitement is over at Hannover House. Ed needs to get his stock game on point. Let's get something going this week.
Now 500K more. Ha
So you're saying if SEGI has a 200-300 million volume day someone with a large position won't be able to get out? Why are you so hell bent on trying to discourage members of this board about their investments? There are plenty of other pink stocks that are far more risky and look like obvious scams. Why don't you go there and help people? SEGI has not gone below .001 since you've been posting here. Lots of good things are coming together and soon too. You cling on to the facts at you were "right" about the A/S increase but you weren't. You were way off. You haven't been right about anything at all. Just throwing around a bunch of pink stock cliché warnings that everybody already knows. You only show up here when SEGI has red days and you disappear the rest of the time. This stock has been channeling between .001 and .002 for months now. Holding strong. Only a matter of time before it takes the next leg up. Compare SEGI to 10 other pink stocks with the similar structures and fundamentals and see how consistent our PPS has been in contrast to how much they fluctuate. How transparent our CEO has been in terms of communication. This company is different and is going places. SEGI has done nothing to you to deserve such harsh criticism. You even made a small profit if you were truthful about your position in SEGI. Come back when you actually have evidence of a scam. Not just generalities that could be applied to every otc stock in the market. I just don't understand why you are so jaded. You want to go save people, go over to the TBEV Or TCEL boards.
I'm sure there are many more like you. Supposedly over 270 shareholders. Bring on the run!
Hey I like this guy. Love free parking!
Won't expect much until actual audit is released and if news follows. IMHO
SEGI news to come. Audit expected next week. Ready to blow.
SEGI audit coming next week. News to come!
Back to even...