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positive news is always coming... it just never get here.
UUGGG!
That's not encouraging. When the CEO is not sure about 2 billion labels and a billion dollars. I think it's safe to say Management fell down again and there are no labels that were delivered in January or they failed miserably... and to the billion dollars Mackay spoke about.... ZILCH!
Oh, by the way- No responses to any emails. I would have been OK with "No Comment” from Cimino. Nope- ignored altogether.
They’re doing what they do best- mislead shareholder and full disclosure of absolutely nothing.
2nd round of questions emailed to Cimino. No response to the first round. I'm also trying to schedule an onsite visit.
Mr. Cimino,
I have a couple questions. As a shareholder, it would be much appreciated if someone could answer.
Mr. Mackay stated during the 11/21/05 video to shareholders that 2 billion labels would be delivered on January 8th. "Should everything go well from the delivery date until the end of January, this could become permanent and have a potential to make us in excess of a billion per year" says Mr. Mackay
Question: did it "go well" and is it permanent? I may share the same opinion as other shareholders that it did not go well. It seems to me that if it did go well, the additional SSTY dilution would not be necessary.
Question: Mr. Mackay stated during the 2/10/06 video update, and I quote "we stopped the dilution". Why the substantial dilution since that date?
Question: does SSTY have any revenues?
Question: Is there any intention to get SSTY off of the gray sheets and back to pinks or OTCBB (as stated in a previous video update)? One year seems like an awful long time to clear a company's name, especially when Mr. MacKay said last November that he "managed to get copies of the data that will prove all of these press releases were entirely legitimate and their complaint was false"
Question: I’m a local (Philadelphia area) shareholder that would enjoy the opportunity to visit your offices. Would you be opposed if I schedule a time to visit?
Thanks
Press Release Source: True Product ID, Inc.
True Product ID, Inc. Grants Exclusive Rights to Utilize TPID Technology on Smart Cards in Korea and Japan to Mondex Capital, Inc., a Part of MasterCard International's Suite of Smart Card Products
Thursday July 27, 9:00 am ET
BEIJING and PHILADELPHIA, July 27 /PRNewswire-FirstCall/ -- Richard A. Bendis, CEO and President of True Product ID, Inc. (OTC Bulletin Board: TPDI - News), today announced that it has signed a licensing agreement with Mondex Capital, Inc., (MCI) whose parent Mondex® is a part of the MasterCard International (NYSE: MA - News) suite of smart card products.
The terms of the agreement grant MCI the exclusive rights to utilize TPID's technology in Korea and Japan for an initial term of three years. The use is limited to the manufacture and distribution of credit cards and card-related services such as smart card products. The exclusivity is subject to performance minimums.
TPID will receive a royalty of 7.5% of the gross receipts received by MCI and its affiliates from sales utilizing the licensed technology and an up-front rights acquisition fee of US$100,000 (US$50,000 per country), which is not an advance against nor recoupable from royalties otherwise payable under the agreement.
TPID was granted exclusive rights to this technology under a Master License with Sure Trace Security Corporation (OTC: SSTY - News), which has also approved this agreement.
TPID CEO Richard Bendis stated, "TPID is excited to partner with Mondex/MasterCard International, recognized as innovative leaders in the rapidly growing smart card industry. This agreement is confirmation by an industry leader that TPID's anti-counterfeiting technology continues to be recognized as a flexible integrated solution that is capable of addressing complex challenges for many diverse industries and product applications."
About True Product ID
True Product ID produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. The Company delivers turnkey solutions for governments, armed forces, and industry, through its own proprietary technology and through aggregating the technology, products, and services of third parties via licensing agreements and/or joint ventures. For more information go to: http://www.tpid.net.
About Mondex®
Mondex®, part of the MasterCard International suite of smart card products, enables cardholders to carry, store and spend cash value using a payment card. It is faster than handling conventional currency, and in many cases safer. It behaves exactly like cash, offering immediate transfer of value while requiring no signature, PIN or transaction authorization. The unique Mondex® platform allows its use in multiple channels where cash cannot be used, including the Internet, mobile phones and interactive television.
MasterCard Worldwide is a driving force at the heart of commerce, enabling global transactions and bringing insight into the payments process to make commerce faster, more secure, and more valuable to everyone involved. As a critical link among financial institutions and millions of businesses, cardholders and merchants worldwide, MasterCard provides services in more than 210 countries and territories. MasterCard advances commerce worldwide by developing more secure, convenient and rewarding payment solutions, processing billions of payments seamlessly across the globe, and building economic connections that accelerate business.
For company information visit http://www.mondex.com/ and http://www.mastercardinternational.com.
About Sure Trace Security Corporation
Sure Trace Security Corporation (OTC: SSTY - News) produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. Globe Staff Consulting Corp. (Pink Sheets: GSFC - News), a subsidiary of SSTY, is one of France's leaders in the field of wireless security communications. GSFC has partnerships with Orange, French Telecom and Thales. GSFC was formed for the purpose of selling and distributing wireless security communications services and is focusing on tracking, tracing and geolocalization of products and people. GSFC has developed a mix of security tracking services targeting businesses, governments and consumers. GSFC's product and service offerings provide advantages to customers, including the smallest tracking modules with GSM and GPS dual capability, innovative specialty cellular phone models, and data capability, all hosted on an ASP server platform. True Product ID, Inc. (OTC Bulletin Board: TPDI - News), is a former subsidiary of SSTY. For more information on SSTY and GSFC go to: http://www.suretrace.com and to http://www.gsc.fr/corp/.
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and TPID undertakes no obligation to update such statements.
balihi,
Very good point. It seems I'm being passive aggressive. Looks like it may be time for a field trip to 1615 Walnut.
Good post.
Thanks
agree.
One shifty CEO to another.
Anyone remember late 2003 when a scheduled signing ceremony was cancelled due to a Typhoon--- it never did happen. I thought that was funny-- This management team is taking the fleece job to all new levels.
Morrisville?
No, I have never visited their office but I have called and talked to Cimino on a couple occasions late last year.
Their office is a 30 minute drive from my house. Anyone want a Polaroid?
funny... i guess if you're SSTY, zoning rules don't apply. If the bathroom is big enough then why not.
Let's not forget that Globe Staff Consulting is also 1615 Walnut St.
IMO, SSTY management has proven to be completely inept at running 1 publicly traded company. Now they are up to 4.
What a fleece job.
Does this address look familiar? At least they used a different phone number.
BIOFIELD CORP. (BZET.PK)
1615 Walnut Street
Philadelphia, PA 19103
United States - Map
Phone: 215-972-1717
Fax: 215-972-6988
Email I sent tonight to IR@suretrace and CC to Michael Cimino. Not sure anyone else shares my sentiment, but here ya go...
So when will shareholders begin seeing the value that Mr. MacKay and Mr. Cimino have been touting?
The stock dividends are nothing more than smoke and mirrors in my opinion. There has not been any increase shareholder value whatsoever, that the company has claimed we would see.
Mr. Cimino made the statement in a February 2006 video that the SSTY dilution would stop as a result of this great TPDI spin-off deal. Since that date you guys have managed to dilute another HALF BILLION shares since the ex-div date. This is a pretty good indicator in my opinion that the company has not changed it's stripes.
We're days away from the one year anniversary of the delisting and nothing. I was under the impression that the company was "closer to the end than the beginning" last October (2005) when speaking to Mr. Cimino regarding the uplisting. I guess there was more than meets the eye.
Promises, promises and more promises yet the company has delivered nothing.
I guess I've been duped.
oh well, valuable lesson learned.
P.S. who cares if the company executives travel to China or not? Empty PR with absolutely no substance. Shareholders do not care we're Company Execs travel on the shareholders dime, we care about contracts, revenues, the end of dilution, share price to name a few. When do shareholders get a PR on those items?
Did we lose another moderator? It's been almost 2 months since Mick has posted.
I don't believe there are any MM's trading SSTY. No MM's have filled out the required form yet. All trades are match trades between broker dealers.
Thanks Cimino and MacKay. You guys have done a great job delivering on your promise to increase shareholder value.
It was inevitable.... dipped under .001
all time low.
.0008
Thanks dsp
This was the quote that I was looking for.
"Now one of the benefits of that is True Product ID will be paying a monthly fee to Suretrace to help fund it’s operations which means Suretrace will not have to be selling anymore shares, we’ll virtually eliminate the dilution that has happened in the past..."
But credibility is important. When a Company says one thing and does another… IMO ‘not credible’
When their job consists of relaying information to shareholders, then everything they say is important and speaks volumes to their credibility.
I’d much rather give back any meaningless dividends they give me to get full disclosure on revenues and contracts.
The point is the Company said they were mailed (past tense). They were not.
"The following was mailed on April 4, 2006 to all shareholders of record as of March 15, 2006"
SSTY is still diluting shares.
SSTY previous to the Ex Div date had approx 3.9 billion shares outstanding.
As of this morning…
SSTY has 4,502,965,016 shares outstanding
TPDI has 254,712,000 shares outstanding
GSFC no record
Source: Securities Transfer Corporation (STC), 469-633-0101
I thought Cimino stated in a taped interview that the SSTY dilution was over. I’m not going to waste my time looking for the video (I don’t think it’s available on the site anymore).
chuckerfmfla,
Wasn’t ignoring your question, been out of the country on vacation for a couple weeks.
No, I didn't pull up the article, was there a specific reference to SSTY or TPDI?
I'm going to give SSTY's transfer agent (STC) a call tomorrow morning to get a breakdown of shares for SSTY, GFSC and TPDI. I'm curious to see what the Authorized, Outstanding, Restricted and Float looks like for each.
If anyone already has this info and would like to share, then I would appreciate it. If not, i'll post sometime tomorrow.
Thanks
Did anyone ever receive the first spin-off letter from SSTY regarding the TPID/ONTV shares?
Company says they mailed it. Whether they were required to mail it or not, they DID state they mailed it
"The following was mailed on April 4, 2006 to all shareholders of record as of March 15, 2006"
http://www.suretrace.com/ir/info_statement.html
I never received it, curious if anyone else has.
Thanks
I certainly wouldn't speak for screw, but I can tell you that some of the frustration on these boards comes from shareholders like me that still have shares that were purchased at .19.
I'm disappointed to say that this months marks 3 years as a SSTY shareholder for me.
I've been waiting and waiting and waiting and waiting... and waiting.
IMO, so far the only MAJOR event this company delivered to its shareholders is a delisting. After 11 months.... still waiting to get relisted. Geez, i'm not being picky, I'm not even looking for forward movement... just want to get back to where this company was a year ago.
What a wonderful ride into the ground this has been.
THANKS MACKAY. STILL WAITING.
Beautiful quote from MacKay.
"Eventually, you can do most things with the chip in your card or in your watch or in your pendant, or in your cell phone," MacKay stated.
maybe...
EVENTUALLY SSTY will one day be off grays.
EVENTUALLY SSTY will have revenues
EVENTUALLY SSTY will trade more than .001
EVENTUALLY doesn't pay the bills.
IMO,if MacKay help finish the damage he started with SSTY then EVENTUALLY SSTY will be worth something. Jack of all trades, master of none.
It's ashame that after all of these news events, SSTY is trading at .002
you got it. Let's have some cake
43 more days until a major ssty milestone.
Let's Recap,
So far for the month of June, SSTY Exec's took a trip to China. Oy Vey, thought this PR may have been followed up by something with substance. I can only speak for myself, but I could care less about their travel itinerary. Maybe contracts, maybe filings, maybe up-listing or even better, maybe revenues.... nope we get their glorified travel itinerary.
MacKay stated they were a 'blue chip' company. I've never seen a blue chip comany talk about where they are traveling to.
i'm sure it's just me that is mystified, but i just don't get it.
We need to be PINK or up. We need Market makers. We need a bid/ask. Matched trades between broker/dealers will never move the PPS other than the anomaly last December.
club,
with all due respect, the BKMP deal was a joke from the very first PR when they announced it... and still is.
The SSTY/TPDI div has a 'tad' more credibility IMO.
It was exactly 19:1.
Ticker displays as N/A and no price, but shares are correct
Div shares showed up in Scottrade this morning.
I have Scottrade and have not received shares yet.
Anyone here think we'll be chasing another Ex-Div date after tomorrow?
One fundamental fact that that I don’t hear anyone talking about….
It seems to me that this is somewhat of an apple/orange comparison. It doesn’t seem logical to compare today’s ONTV PPS of .34 (in your example). Reason is, there are only 25million shares (approx) outstanding today with a Market Cap of approx $8.5million. When all is said and done (new share issuance and forward split of ONTV), there will be $250million--- to maintain the same market cap, the PPS will be approx .034 (IMO).
Let’s say you own 1,000,000 STY shares today and your ONTV div shares are 50,769. If my math is correct, the div shares will be worth approx $1,726.
Someone set me straight if I’m way off base, but this is how I view it.
I live about 8 miles from this address. Maybe I'll take a spin by and see what kind of outfit this is.
NASD is setting the Ex-Div date.
quote from todays PR...
"The Company wants to confirm that the ONTV/TPID dividend will attach to all shares bought in the open market prior to the ex-dividend date which will be set by the NASD."
Finally! a clear straight-forward PR.
good post. eom.
Press Release Source: True Product ID, Inc.
Industry Veteran Appointed Chief Technology Officer for True Product ID; John G. Voeller Named Chief Technology Officer for True Product ID
Monday April 24, 9:00 am ET
BEIJING and PHILADELPHIA, April 24 /PRNewswire-FirstCall/ -- Richard A. Bendis, CEO and President of True Product ID, Inc. (TPID) (OTC Bulletin Board: ONTV - News), a wholly owned subsidiary of Sure Trace Security Corporation (OTC: SSTY - News), today announced the appointment of John. G. Voeller as Chief Technology Officer for True Product ID, Inc. Mr. Voeller is currently Senior Vice President, Chief Knowledge Officer and Chief Technology Officer for Black & Veatch, a multi-billion dollar global engineering and construction company based in Kansas City and will retain his position with the company in addition to his new role at True Product ID.
ADVERTISEMENT
Voeller will be responsible for the strategic vision of TPID technology innovation and systems development of key anti-counterfeiting technology applications. "John Voeller adds the industry expertise and experience to expand the True Product ID technology across multiple business applications. His global strategic vision will be an asset that will change anti-counterfeiting methods for the future," comments James Mackay, Chairman of True Product ID.
"John Voeller is a global leader and innovator in technology. His engagement as a consultant to the Department of Homeland Security and his American Society of Mechanical Engineers (ASME) Fellowship in the office of Science and Technology Policy for the Executive Office of the President provide experience that will aid in the growth and market position of our new company," comments Richard A. Bendis, President and CEO of True Product ID.
"The problem of counterfeit goods of all kinds has always been with us and the impact of its growth is accelerating. The need for an accurate high-speed identification of goods as original in quality and source is equally critical. None of the traditional technologies of identification of goods is sufficient to perform these functions. True Product ID has taken a different tack to open the opportunity for true validation and verification," comments John Voeller.
Voeller has been responsible for the creation of five- and 10-year automation strategies and he is the principal architect of Powrtrak, the automated engineering system of Black & Veatch that was used to build over 600 power facilities around the world. This engineering system has been reviewed in articles in ENR, Forbes ASAP and CIO magazines. Voeller has started numerous companies in the technology sector and has been a board member on a number of others.
He has advised societies including ASME, the American Institute of Steel Construction, the American Society of Civil Engineers, the Civil Engineering Research Foundation, and has worked with a number of Federal agencies looking at the future automation in both physical and cyber domains.
He has served as Technical Leader for the Chemical, Biological, and Radiological Technology Alliance (CBRTA), working on advanced technology to deal with terrorist threats with 13 companies including Honeywell, 3M, Motorola, General Dynamics, Johns Hopkins-APL, Mayo Clinic, CUBRIC, Cargill, BD Sciences and Syracuse Research.
He has also served as chairman of ASME's Critical Asset Protection Initiative, leading eight teams of world experts in planning first responder actions and risk analysis of terrorist incidents.
Voeller was co-founder and chief technical officer of BV Solutions Group, as well as a recipient of the CIO Enterprise Value Award for 1997 from CIO magazine and the Award of Excellence from Engineering News Record magazine for 1998. He has also been the recipient of the Ed Forrest Award For Highest Achievement in Engineering Automation for 2000 and the CIO Premier 100 Award as one of the top 100 CIOs In The US for 2000.
He is a certified Professional Engineer in the states of Kansas and Michigan. He is a graduate of the Georgia Institute of Technology, BME, 1971.
About True Product ID
True Product ID (TPID) (OTC Bulletin Board: ONTV - News) is a wholly owned subsidiary of Sure Trace Security Corporation (OTC: SSTY - News) that produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. The Company, via a license from Sure Trace, delivers turnkey solutions for governments, armed forces, and industry, through proprietary technology and through aggregating the technology, products, and services of third parties via licensing agreements and/or joint ventures. In addition to a license from SSTY, TPID will also be providing the day-to-day operational duties and R&D for SSTY's wholly owned subsidiary, Globe Staff Consulting Corp. (GSCC) (Pink Sheets: PSRE - News). For more information go to: http://www.suretrace.com.
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and Sure Trace undertakes no obligation to update such statements. In August 2005, the common stock of Sure Trace was suspended from trading by the Securities and Exchange Commission, but the suspension ended in accordance with the securities laws after ten days. Management of Sure Trace is currently working with the broker-dealer community and regulators to permit quotations to be entered as soon as possible. More information will be provided to the public when circumstances warrant.