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Didn't have time, or given the time to ask about the IR firm. Let's search for it out of NY, or better yet, let me private email MB? hehehehe
Temp'
A PR is going to follow clearing up the PGNF item. Yes a few years back, don't know exactly, it was part of Mikes and Joe's plan. Paragon did it's thing, the pair nullified the agreement, but the exec's at Paradon never did their part in cleaning up their paper work. This is to be PR'd soon.
NOBO-List PR coming along with other goodies he couldn't relate. Joe was very busy, only spent 5 minutes, but the thingy with the email was in good faith, only as some who view it, take it literally. That won't happen again as Michael will never email anyone personally.
They have an IR guy out of NY, didn't get the name, but he'll call back when he has more time.
Talked about dividend, but that was all.
st
makesgravey, so true and for someone to buy into that analysis is plum loco... The signal to buy both short and long was the same day of the second quarter PR. Barchart had a sell across the board... so!
Temp'
makesgrave.. nice! EOM
Welcome stevenvegas... EOM
trderg, I definitely agree, and a PR / IR company who isn't attached to SFNN. They are a corporate entity which makes perfect sense. This is one thing I'm going to discuss today, as in someone local there in Las Vegas, someone they can see quite often and not always over the phone. That way if they mess up, it's face to face.
Also consider this guys... not to justify a dividend, that's not our call and could care less. Only to say that if one happened, what are your thoughts as to HOW it would work out.
Let me run this by everyone to get their thoughts on what might happen if a Dividend or sorts was implemented. I'm not pushing one, but wonder about the numbers, percentages, and what might happen.
Keeping things simple, let’s suppose the float is 100 million. Let’s also assume since the last 10q cash on hand is approx. 1.3 million.
How much float could one extend thru a dividend and not burden the company? Not really a problem.
How much cash could one extend with a .01cent dividend and not burden the company? Let’s say $400k max.
Usually what happens [JMO] during the first three days of trading could run something like this. Your ideas?
SFNN could trade 60-70% of its float the first FULL day.
SFNN could trade 30-40% of its float the second day.
SFNN could trade 20% on average the third day.
Day traders, profit takers, one-timers, etc...
Let’s say a 15 day grace period is on hand before a final day of trading to lock in shareholders. So the question is how many new shareholders [and actual float] would be onboard/gone then payable?
Assuming those numbers above may be close, its more than likely 30-40% of the float will be attached to shareholders. Can anyone here see a situation where more than 50% of the float could be owned with what's prescribed below?
Considering all those who might trade in and out, drop off after a profit, does one think that maybe we could have more than 30-40% of the float gone?
I believe the actual payout to shareholders in the below scenario would be beneficial, and not create a hardship to the company.
For every 10 shares of stock owned, shareholder receives 1-share stock dividend
For every 100 shares of stock owned, shareholder receives .01 cent dividend
Now, if say 40,000,000 million shares are gone from the float [40%] by end-date, well, you can do the math.
4-million in shares paid out
$400,000 dollars paid out
What I wouldn’t do, and I’ve seen this in the past, is this. Create a lower distribution rate of less than 10-shares per one share owned. If you offer too many shares, the shares will flood the market at a later date, thus driving down the pps, and allowing MM’s a better chance to short. Could we assume that?
They could also put a restriction on those shares for say a year?
HiTemp receives an additional 100,000 shares
HiTemp receives an additional $10,000 cash
The payout to new shareholders on record [speaking of cash] could be distributed say through two-quarters. This would not be a hardship on the company. Let’s say I receive a $5,000 dollar dividend the 2st quarter of 07 with remaining in the 3nd quarter. That way the company wouldn’t pay out any more than say $250,000 per quarter, 1/2 of total.
If the company does a NOBO-List, then compares it to the DTC list to compare actual numbers in additon to the above scenario; you're thoughts?
Let's not discuss why we don't need it or do need it, we'll leave that up to management.
Let's discuss if this makes sense as in #'s and %'s.
Temp'
mrdec and all... since most here agree that SFNN's PR's are light and variable. What would one purpose in regards to PR between quarters and acquisitions/mergers?
I have a few ideas, but want your impute in our discussion...
One's here have stated we need a more agressive campaign, so what are your thoughts and ideas?
I'll be on the phone around 12:30 cst, 9:30 LV time.
HiTemp'
Could have been anything... EOM
Seems to be steady EOM
cg66, will do eom
mrdecember, thanks for your thoughts, and I agree that a dividend is nominal. Advantages as a perk, a notice card, so if handled correctly without a burden to the company? Good News.
You mentioned some key words, so I'll take these forward to an afternoon session with JB.
Temp'
Your right, good thing I don't punctuate like that on ameritrade, I'd be broke by now.
I just wonder if SFNN could afford it, knowing that any amount of float offered will help the pps, as there shouldn't be a problem there.
st
That part is easy, until tomorrow guys EOD
What I'm thinking is that in order to have a dividend, if it happens... dah dah dah Is to evaluate a reasonable scenario.
If the float was say 100mil to round off numbers. And let's say a share dividend in the order of 1 share for every 10 owned took place. One would guess that at the end of set date, maybe 30% of the float would be owned, so lets say 30mil or so. Let's also say that a 1cent dividend was given for every 100 shares.
If someone owned 2mil, they'd receive $20k cash and 200k shares.
If 30mil was gone, SFNN would pay out about $300k in cash and 3mil in shares. If 40% of float gone, the same.
I'm not here to given any credence to what I've written, but only to show it's possible to have both given a reasonable cash on hand payout.
Some might say more of the float would be gone in days, but yet few would truly stick around, and day trade this for a while. We may trade 70% of the float in the first day, 40% the second, and 20% the third. But it would taper off, and few would be left at the close. I seriosly doubt that if 15 days were given, we'd be anything above say 40% of the float gone. I have no idea how it might happen, but to suggest more cash isn't reasonable, and to suggest more shares doesn't seem reasonable either. I don't think we'd have anywhere near 50% of the float gone.
Any thoughts while we are now speculating thanks to a few here including MB?
I'm talking to JB tomorrow, so any impute or questions I'll try and get these answered. And yes, I know about the PGNF thingy so don't repeat that.
I'm just curious to know others thoughts on what could transpire and be reasonable in both cash and stock.
st
Without going through paperwork, anyone remember how much cash SFNN has on hand within last report?
st
Thanks.. and no comment EOM
Yeah, thanks again Andrew... EOM
Thanks, and I also alerted Joseph Barron, it's probably time for a spanking.....
Nuff said
SirTemp'
Hey not bad, in less than 30 minutes or so I went from being down $15,234.84 -24.38% to -$854.60 -1.37%.
Can we say positive for most of us by tomorrow sometime?
I hope so....
Temp'
Things happen when I leave.... EOM
Am I a call-center or what? I've made a request and should hear something soon.
st
Rap, still a lot of mirror trades, as Obi suggested, they are no doubt covering. I'd take this price all day long, but now definitely cash poor to add to my war-chest!
It's set back and relax until early 07 for me...
st
Interesting thoughts... but to say the MM's don't get caught? I never said they are above the law, by no means. So as we try and figure out jestures inside text, I'll make it plan that I don't ever intend to think anyone is above the law. But plainly we as shareholders feel they 'think' they'll never get caught.
So how many MM's actually get caught? I'd say less than 1%, jmo from 13 years of stock research.
Thanks for the reply....
st
One thing for sure, and that is the company is monitoring the stocks every movement. Joseph seemed to be the type of "counsel representative" who will stay on top of it.
I liked the old/wise and gray hair personality type that came across on the phone.
We shall see....
st
ps... for all you MM's who read these boards? What Out!!!!
Hey rapsody... for those wanting in, and think the company is worth it are willing to get in below .03cents? Been buying today at .0229 which they'll fill before you get back to your level II screen.
HiTemp'
How did they get 2 500k's going off at .0225 .0226?
st
Anyone else still see a lot of mirror trades EOM
iwantmoney, that's a great question, one in which I would have liked to ask Joseph. The next time I get a chance to speak with him voice/email I'll ask. I can tell you that after he spoke with me about 6:30 my time Indy-500 area, he'd been on the phone all day talking to investors without let up.
Maybe those buys will show up on the radar screen soon, as in instituional buys?
st
Everyone here may remember this PR, or one similar to it.
This along with a dividend announcement? That would be nice!
http://www.marketwire.com/mw/release_html_b1?release_id=183119
Just impute Shearson wherever you see Ridgecrest, then imagine the rest including a dividend announcement.
all my opinion
HiTemp'
dec... no biggie EOM
Americano knows a little about me know, including an email and attachment sent to him and company. So thanks...
My gut feeling is that Joseph is keenly aware of the situation, as I did not bring up the dividend, he did... as in "thinking about it". And in no way [this is to everyone here] did he mention about going through with it. Only considering this along with other possiblities. Joseph did not mention in any way shape or forum they would, only mentioned it as an idea.
I believe we are good hands here... we'll see!
st
hmmm, we spoke nothing of the companies rev's, earnings... as they speak for themselves, right? So why waste my time asking something I already know. Now on the subject of the pps? That's a much different thing and requires a lot of effort on everyone's part to conclude certain facts along with logical speculation. All I can tell you is that we spoke about a dividend, [they are very serious about it], and we spoke about a Nobo List and DTC reports.
So as Joseph is also legal counsel, all I can do is suggest, and suggested I did. Now let's see what they do regarding our current pps situation.
1.4mil ownership HiTemp'
Obi, and all... to let you all know I spoke with Joseph Barron last night. He called late before walking out the door. Didn't spend much time discussing what we already know, that is... rev's, earnings and such. That's was to obvious. What we did discuss is why, when, where,and how SFNN continues to lack a credible balance in pps.
Being in the market since 1993, and no I don't know a lot about shorting a stock. There has been in the past, and from my experience... difference levels of shorting based on [market maker perception]. Perception in that once a stock falls into a pit, [from 4 bucks to 1-penny], most MM's IMO, consider this buzzard food. B-food in that once it becomes trash, they can treat it like waste in that 99% of the time it will never ever recover. This may be what has happened here, not sure yet. GFCI comes to mind since I was part of that equation for a short period.
What we did there was take a count [only they had almost everyone who owned stock onboard IHUB], and came to a strong conclusion those shareholders owned about 90%+ of the float. But guess what? It was still at .13cents and was not on any short list... hmmmm
What we believe we discovered was that phantom shares were traded between MM"s, Brokers, others knowing that 99% of the time, they'd never be discovered, and that's probably true if a company never recovers.
I'm not saying this is true here, but what I am saying is that the way in which SFNN has traded including mirror trades doesn't add up to the significant value each of us see. There isn't one person here I know if that doesn't think through their own DD... SFNN shouldn't logically be at a much higher PPS.
So, I'm in talks with Joseph Barron of SFNN only to "help" provide answers as to why SFNN languishes in the sub 02's.
In the past companies like this have offered dividends to help support investor confidence, help to clear up discrepencies in the float vs. ownership, and send a signal to MM's and Brokers [an actual share count] that company... is serious about it's investors.
As all of us know, there isn't a lot that can be done about this as MM's don't have to open their books to anyone including the SEC. Just look ast OSTK in the past and one will realize you can't fight city-hall persay.
Anyway Joe was very interesting to talk to, so let's discuss some of these items as time permits. What I'd like to find within an already released PR from someone is a similar situation including [stock dividend - clearing up shorting - other things] within the framework of a PR. A PR from a company who may have had similar problems.
Again, I'm not saying we have a situation like GFCI had or has, but given what logically seems a good company getting hammered by the MM's, doesn't make sense.
Last but not least, the company is serious about a dividend.. so let's see what happens.
All my opinion above...~
SirTemp'
Americano... send me an email when you get a chance, my secondary is ok since I mostly get junk there anyway. I'd like to discuss a few situations if you have time...?
HiTemp
pscfounderst @ gmail . com
Americano... question for you after speaking with IR. Have you heard [read through a PR] in which the company did an actual share count, total number of investors, [the shares they own] to determine how large of a short there was?
I remember a few PR's but can't bring any up....
Any companies come to mind?
Temp'
Have a call into "joseph" the supposed IR guy at 702 868-7907. Not sure who he is yet, haven't seen any info on the guy, but hope he returns my call sometime tomorrow.
Will post here then...
Temp'
So has anyone had the chance to even speak with our CEO at anytime within the past week or so?
ST
nickeljoe, as you said... it's either a story-stock, which equal's all sizzle and no steak. Or in this case you starting slicing as soon as it becomes HOT before everyone gets a piece of it.
This sizzle [solid game plan - plenty of room for growth] has meat to the story! In penny land I'll take fundimentally sound steak all day long...
1.4milTemp'
I'm not persay holding this thing up, but it seems as though we are with the continual dilution from I guess weeks ago? How many 1-cent shares are there still out?
Temp'
OT: NMKT is poopoo, been watching that for years, it's always around .30cents or so. Just a matter of time before we get noticed with a little help. Thanks for the analysis...
Temp'