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Firstly, if they specify prices but fall short they could be in trouble, Any annoucement along the lines you specify would only cause a short term pop in the price.
At the end of the day I can hold onto my ALMI shares for as long as I need to, I bought at .19 selling just over half at just under a dollar (Seemed a good idea at the time!!). I am not interested where the stock is heading tomorrow. I want to see a stong company growing into a large mining operation over the next few years.
Apart from the 750k block there has been light volume awaiting the news... The current price reflects well the current position the company is in. Sit back and enjoy the ride over the longer term.
I doubt anything is up
The swings here are meaningless
$2 by the end of the Week $1.8 again the week after.
While the volume is low the price is meaningless. The recent PR was just a (We are still here PR) extrapolating reserves from that is pointless.
Nothing of value happens until the sales PR (IMO before the new year)
I have place an order for 50,000. at .075 (I doubt they will hit it) but i'm happy if they do.
Looks like it's all moving forward. I don't see any sales PR's anytime soon. Maybe by the end of Oct, however we should be flying before the New Year.
nor did the rise to 2.40.
Thats my point, without volume you can only sit back and watch. It's untradable by anyone but the smallest investors as volume will stabalise and set the stock in the direction it needs to go.
the rise to 2.40 was a technical event 'pendant' i suspect 'technically' we will sink back to the 13/50 dma and hug it for a while.
Of course a PR release would mean all bets are off.
If a sales PR is posted then yes I agree ..No brainer. But from a chart basis I don't. the Stochastic has us over bought, which would indicate a short term retreat.
Also the recent rise was on very low volume. the 1.75-2.00 range has virtually no significant buyers and no sellers, the movement in this range isn't that important without volume.
If there is a PR then I guess Monday would be the day, however I do not but too much by it. 20% possibility (ish)
Good luck Rig, by the way i have some cash for king in my account after selling the DVNAL calls last week. hoping for a short term pullback on that one. OSK looking OK for the 28th but i'm not putting too much faith in that one. If i'm given an exit i will possibly take it (Unsure 50/50).
I don't think it's a lie if it does not, maybe a miscalculation....
Any way good luck to us all, this month , next all good with me
Spotted this in the AGM filing. look like we get the shares allocated on the 23rd Oct.
SUMMARY OF PLAN OF SPIN-OFF
The majority Stockholders approved the Plan of Spin-Off (the "Plan"), which is summarized below:
1. Adoption of Plan. The record date for the spin-off shall be September 12, 2006 and the effective date of the Plan (the "Effective Date") shall be the date of the meeting of the shareholders, October 23, 2006, should the plan be approved by the shareholders of United American Corporation.
2. No Provisions for Liabilities. United American Corporation shall not pay or discharge or set aside a reserve fund for, or otherwise provide for the payment or discharge of, any liabilities and obligations of Teliphone, including, without limitation, any contingent liabilities.
3. Distribution to Stockholders. As soon as practicable after the Effective Date, United American Corporation shall issue a stock dividend and distribute pro rata on the date of its spin-off to the Stockholders of record on the Effective Date in complete non-cancellation and non-redeemable restricted common shares of Teliphone.
Each Stockholder not holding stock certificates of United American Corporation will receive through their broker their proportionate shares held at the DTC. Each Stockholder holding stock
16
certificates of United American Corporation will receive a stock certificate from Teliphone directly.
4. Articles of Amendment. Subject to Stockholder approval, following the completion of the spin-off of Teliphone and pursuant to the laws of Florida, the Company shall file Articles of Amendment (the "Articles") if needed.
5. Amendment or Abandonment of Plan. The Board may modify or amend this Plan at any time without Stockholder approval if it determines that such action would be advisable and in the best interests of United American Corporation and the Stockholders. If any amendment or modification appears necessary and in the judgment of the Board will materially and adversely affect the interests of the Stockholders, such an amendment or modification will be submitted to the Stockholders for approval. In addition, the Board may abandon this Plan without Stockholder approval at any time prior to the spin-off of Teliphone if it determines that abandonment would be advisable and in the best interests of United American Corporation and the Stockholders.
6. Powers of Board and Officers. The Board and the officers of the Company are authorized to approve such changes to the terms of any of the transactions referred to herein, to interpret any of the provisions of this Plan, and to make, execute and deliver such other agreements, conveyances, assignments, transfers, certificates and other documents and take such other action as the Board and the officers of the Company deem necessary or desirable in order to carry out the provisions of this Plan and effect the complete spin-off of Teliphone in accordance with the Code and State of Florida.
7. Expenses. The expenses of carrying out the terms of this Plan shall be borne by United American Corporation, whether or not the spin-off contemplated by this Plan is affected.
with my small understanding of shorts on the pinkies i confess to been a little confused, but not too concerned.
My understanding to dealing with this was to announce a stock split where all shares have to be taken into account, this could be wrong.
However the comment of a short seller selling more at what would seem to be against the better good is highly plausible in my view. As a Poker player it's called a continuation bet and is mostly pofitable.
I sold my DVNAL calls today in that i think the short term outlook for oil (1-2 months) is poor before the heating season comes in. Also with some insider trading in Devon I see no takeover in the near term (I could be wrong but i pulled a 88% profit over a couple of months).
Tchaunncy, Following the OTC/Pink I found some picks, by coincidence where Rig hosts the IHUB board. As you know Rig u must follow some of the other stocks like KING. Do you follow anything away from oil, ie in the Clay mining sector (a stock which is over 50% of my portfolio).
yeah , it's doing my DVNAL Jan %60 calls the world of good
go go oil....
From memory announced way back, the shares where to be restricted for 1 year. However a lot has changed since then. I guess it's a wait and see.
More to the point
United American Corporation management now proposes
to spin-off Teliphone. To complete the spin-off, management proposes to
distribute Teliphone's 25,737,785 shares of common stock on a pro rata basis to
its shareholders.
Uamas current float is about 49,969,985 (last 10Q)
so we get 0.515 shares of Teliphone (.25) for every UAMA share
(approx value for each uama share is about .12) double the current share price.
assuming i have not missed the obvious. in 180 days (assuming the investment is successful) We win.
I did not have time to see when the shareholders on record would be taken so I am assuming it's effectively today. (But on this i could be wrong), however today or the original date way back will be fine. Although thinking about it i don't suppose a future date would be bad as long as UAMA dosn't dilute in the mean time.
Rig, where have i gone wrong ????. Have I over simplified this.
Interesting times
Filed under OSK as an 8k
Item 8.01 OTHER EVENTS.
On August 21, 2006, OSK Capital II, Corp. changed its name with the State of
Nevada to Teliphone Corp. The Company will apply for a new CUSIP number and
request a symbol change from the NASD to reflect the new name.
I believe the outstanding shares are at around 50m, which would value the company at about $3 Million. (give or take a bit)
with 6 month revenues of $4Mil + and i guess yearly at at least $10mil+. This should start to look very cheap soon. Give this a couple of quarters, and assuming continued success, we should be rocking. LOOKING FOR POFITABILITY SOON.
Also Rig I did some reading on KING and bought in for 15k shares at .095, how come all the shares I find you seem to be the board moderator on IHUB. (How many do you do ?).
on this i think we are in 100% agreement. Apart from the seperation process i personally see little value in NNAN, and looking at it's stock price I think the market agrees.
If NNAN is going to make any money it's not going to happen until AFTER the clay sales are made. ALMI will appreciate BEFORE.
18 months + here. it has a way to go
nice to see it come back alive a bit anyway. Things do seem to be moving a bit now. The share price will sort it's self out in time.
I have not made the connection to the old $500 a ton order, I personally put that to NNAN testing it's processes and customer samples etc etc.
I don't see why NNAN will resell our clay, only licence their patented technologies + maybe some sceintific consultancy. (Which in it's self could be considerable).
I believe the intention is to use NNAN's seperation process on-site at the Atlas mine and ship direct to the customer. No doubt NNAN will also receive some income from ALMI for using their process.
Could be wrong tho...
two things
First we get paid twice. ie from the clay and then a percentage (probably fairly small) from the resale price.
I have possibly missunderstood but this is my take
We sell clay to company abc for $1000 per ton. Plus possibly allow them to use one of our patented processes.
They make a nano product ie Paint. They sell there nano paint in bulk to a DIY outlet for x million of which we get a small percentage. (say equiv to 1-2k per ton)
WHY do it this way ?
Just a guess but the clay is cheaper to buy in the first instance and the extra is only payable when you have received the income from your paint product.
The second thing I draw from this is that these contracts have already been written ... Why else mention them ???
Thoughts anyone
listened to the call, two things we didn't know
1) Intention to become cash flow positive in within the next to months.
2) Announcements to look out for are clay sales which will be at a volume and price that is 'substantial'
Also mentioned that he felt Atlas mining was a good investment
EXCELLENT CALL.. Worth a listen
so with a little flexability $3-$5 by end of October
it's on the website under contact info, so yes i guess so
one quick thought on the stock price is that it hasd not been driven down by sales.
since your purchase when the stock was around .12 (double) there has been only 1 day where the volume was above 500k which was over a year ago, and only a handfull above 250k
at todays price a 500k day relates to about $30k which in investment terms is next to nothing. It would not take much to return the stock price to those levels and far far beyond. We just need the company to start making some money out of the VOIP market.
As for not investing in the OTCBB and PINKIES, this is of course your choice, but where there is risk there is profit. Both my largest gains and losses are on these, up 70% this year. Well above any S&P or NASDAQ index.
biggest winner ALMI (take a look) bought at .19 (now $2.40)
biggest loss IBZT makers (or tried to be) of a virtual laser keyboard. Learnt a lot of lessons there. I suspect the management will have plenty of time to refect on there mistakes. I think they will soon be doing time.
I think most of that was already on the website, however a question.
Atlas mining seems to be developing some of it's own Patents with renowned scientists, so where does this leave NNAN. Apart from the seperation process what do they really have to offer us.
I was watching an artical some time back about companies that are created just to lodge 100's of patents around a technology, and offer little in way of real development or product. In effect they become a hinderance to companies who want to get products to market.
NNAN's stock has dropped considerably since it's launch, perhaps we should be looking for a patent grab in the future to get them out of the way.
thoughts??
as for the lack of spin-off i can only agree with you, it has been mishandled from the start. I also am very disapointed. My main reason for not selling at the moment is for tax. In that a losing stock is worth something to set off against other gains.
As for diluting 25%, I feel this was always going to be the case. They need financing... always did.
Actually Earlyone called it, i just agreed and gave my reasons, plus a price.
Still u gota love TA.
i don't think you understand the agreement, either that or i don't
Basically for a 25% investment in teliphone (OSK) we get
Office space + Data centre + communications usage to grow our core business.
income from their customers ($1) each
$75000 (of which we have already drawn 25k)
It's a collabaratorive agreement, not a sellout.
at the time of the anouncement (july 17th) there was no reaction to the stock price, probably noone watching.
I see this as mildly positive, in that out expenses will be cut and we get some (but not much) income. And possibly a partner that will help us grow... we shall see.
Thoughts Rig ??... are you still in ALMI
I don't normally put much by TA on OTCBB stocks as they tend to be more semtiment than technically driven, however ALMI is one of a few exceptions to the rule.
Why ?
1. because the stock is over $1
2. the float is sensible at 48m (not 2 billion + as in some)
3. it trades at a reasonable daily volume in that a purchase of 100 shares isn't going to increase the price by 20%
4. I'm fairly sure some institutional investors are in the stock
5. A good percentage is owned by insiders as either shares or options
So could this go to about $2.50 in the next few days without any news?....
Sure it can. In fact it probably will. My personal calculation came in at $2.40 -> $2.50 just by looking at the chart.
However there is something else going on here.
New equipment at the site ready to go (or very nearly)
The seperation process in patent pending (need an update pr from ALMI to say if this works and is ready)
Loads of industries been consulted about the nano properties, with some having already gone through successful testing.
When the first sales are anounced most of the value will be already priced in. in other words the stock will go up significantly before any large quantity sales are announced, i see this around $4-$5. And now it looks as if these sales are just around the corner. What I really need is some real pricing structure i'm working on $1000 per ton (nano) and $450 per ton (conventional) but this could be way way out.
$4+ by Christmas, possibly sooner (sentiment call)
$2.40+ by the end of next week (Pure TA call)
Good Find
I suspect the patent application at least proves they know how the seperation process will work, even if it is yet to be proved / perfected. In any case this is good news. From the article on the web site about the new equipment been nearly in place this is all shaping up quite nicely.
Can someone remind me as to what the 'proven' and 'unproven' reserves are
i remember the initial 300k + another 300k they where digging to (some of which was iron stained and some NOT tubilar)
Does anyone have any reasonable breakdown. ?
Well it happens to coincide with 2 sec filings
1st Q (ending in March)
and a late filing warning for the 2nd Q (Normal)
I doubt this is the reason, i scan read the Q report but nothing stood out.
Must say tho this board has got awfully silent
Well thats all the 10k's out. Both United and osk are up to date for March 31st 2006.
Perhaps now things can start to get interesting.
noticed on friday Uama posted quarters and year ends for 2003 to 2004. The restatement are so boring and unnessesary.
Has anyone seen the differences between the originals. I just can't see the point in this....
he mentioned revenues of 5-10 Million and moving to a larger exchange than the OTCBB (i can only think NASDAQ)
I'm all for open debate but please at least keep it as that. Comments of that nature will acheive only only one thing
getting booted from the board...
Not according to the volume, with very very little been traded.
However the loophole that was closed (April 1st 2004 from memory) was enabling MM's to swap shares between themselves and avoid the timeout where all shares had to be accounted for. The Berlin exchange reopened that loophole.
If an MM trading with another MM would show up as volume. I have no idea....
3 million !!!!!
As normal investors we cannot short otcbb stocks (or at least i don't think we can). so KENS must be an MM ????
How long before he has to cover. Can anything be done by the ALMI management to force his hand.
My interpratation of this is that the MM's ran out of shares in the last run up. so need someone to sell. Else they will be forced to buy at the ask
The OS is about 40 Million .5% = 200,000 shares short at least
Here is the link i found.
http://www.nasdaqtrader.com/aspx/regsho.aspx
As defined in Rule 203(c)(6) of Regulation SHO, a ?threshold security? is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:
There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
The level of fails is equal to at least one-half of one percent of the issuer?s total shares outstanding; and
The security is included on a list published by a self-regulatory organization (SRO).
A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.
Whole load of filings out today (Osk capital II)
10KSB 8k's etc etc
I flicked through fairly quickly. One point of interest is the Phase II of there business plan is scheduled for completion in May 2006. Which includes Bridge financing and OTCBB Listing (I guess as Teliphone).
I guess everyone had there eyes on ALMI.
For those who are interested
OSK has filed for it's new name of teliphone today.
As well as all the new shares it's offering.
I hope this means the share dividend will be paid soon.
Interesting press release, If they are looking at new properties it would suggest the Atlas ming will start generating revenue soon.
Are they mad !!!
This will allow naked shorting by the MM's with no need to cover within the legal timescales enforced in the US. I have been in stocks before where they threatened to take action against these German exchanges unless they were withdrawn. (From memory didn't ALMI have an issue with the Berlin exchange some time back).
I can't believe they asked for this.....