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I never realized email took this long.
Even is the joke on the way..
Me too...
The suspense is killing me
You got mail.
BTW I now have 13 mil shares. Not much at these levels I could have a lot more shares had I waited for these firesale prices.
Do you have something to share?
Whats up?
DOUG PLEASE GIVE US SOME FREAKIN NEWS PLEASE WITH A CHERRY ON TOP>>>>>>>
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZzz...........
You are telling me. Is there a legit management team out there?? If anyone can post a BB co. that has a real business model with a good history thats undiscovered as of today please post it. I can't seem to find one.
Well guys here is a kicker. I bought some shares of this co. and was excited to see them list on the nasdaq today. It did not trade and I was wondering why. Look at this news after the bell. If anyone has a winner I sure could use it. Damn it!
Press Release Source: Smart Online Inc.
Smart Online Addresses SEC Action
Tuesday January 17, 7:07 pm ET
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Jan. 17, 2006--Smart Online Inc. (OTCBB: SOLN - News) today was informed by the Securities and Exchange Commission ("SEC") that the SEC had temporarily suspended, pursuant to Section 12(k) of the Securities Exchange Act of 1934, the trading of the securities of the Company from 9:30 a.m. EST, January 17, 2006 through 11:59 p.m. EST, January 30, 2006. The SEC indicated that the reason for the suspension was a lack of current and accurate information concerning the Company's securities because of possible manipulative conduct occurring in the market for the Company's stock. In light of the Order of Suspension of Trading issued by the SEC with respect to trading in the stock of Smart Online, Nasdaq notified the Company today of their withdrawal of their approval of the Company's application to list its securities on The Nasdaq Capital Market.
ADVERTISEMENT
The company has contacted the SEC for additional information. The SEC has declined to provide any additional information at this time. The company does not know whether the SEC order will be extended beyond the January 30, 2006 suspension period, when the SEC will complete its investigation, the result of the investigation or its effect on the Company. The Company intends to fully cooperate with the SEC during its investigation so that the trading suspension is lifted as soon as possible.
About Smart Online, Inc.
Smart Online, Inc. is a pioneer of Web-native applications for the small business market, converting its business applications to a Software-as-a-Service (SaaS) Web delivery model in 1999. Today, the company markets its Web-based business applications to customers via http://www.smartonline.com and private-labels its syndicated software services to Fortune 2000 corporations in the financial services, media, manufacturing and telco industries. These companies private-label Smart Online's applications on their Web sites to assist their customers in running businesses more efficiently without the upfront capital typically required for integrated business software and IT resources.
Forward-Looking Statements
This announcement contains forward-looking statements, including the future trading of Smart Online's stock and resolution of the SEC's investigation, which are subject to risks and uncertainties and whose actual results may differ from the forward looking statement. The SEC's investigation and the timing of resumption of trading in Smart Online's stock depends on many factors, many of which may be outside the control of Smart Online. As a result of the investigation and depending upon its outcome, the value of Smart Online securities could be negatively affected. All forward-looking statements are based on information available to Smart Online on the date hereof, and Smart Online assumes no obligation to update such statements.
Smart Online, the Smart Online logo, and OneBiz are trademarks and/or registered trademarks of Smart Online Inc. in the United States. Other marks belong to their respective owners.
Hopefully we can get some answers soon. We can all speculate but, Doug needs to provide us some direction.
You have a point. I will say that having invested in these penny stocks that MOST of the time when this chain of events happens i.e. dilution no pr's etc that it is bad for us shareholders. I am not saying a reversal can't happen but, the odds are growing against us making the big bucks on this one. My only hope is that we don't see a nasty RS before some $$ can be made.
Listen to this board. I am having fun reading the posts but, lets no dimiss one thing.
We are all down a shitload of $$.
I say we bombard Doug and thr IR guy Jeff whatever and get some ANSWERS!!
Or we can just get drunk. Hey buying lots of beer is much cheaper than owning BLYM shares.
But, then end result is the same at thus point.
PISSING IT ALL AWAY!
No word from Doug. Any word from our new IR firm...
Doug needs to communicate with us. I am going to start a countdown to communication. That will show us just how well he is looking out for his shareholders.
What should today be. I am thinking day 5 would be fair.
I would say based on the trading that the float has gone up in a big way.
Thanks. If you do get Doug on the phone try and get some facts about the share structure ets. Not the dog and pony show answers he always gives.
Sorry. I am just getting really pissed off at this situation. This stock is by far my worst loser. Someone needs to get off their ass and get htis moving!
If he bought some how much did he buy? Then why have we been diluted so much. He is paying this IR guy 3 million shares for what. Since he came aboard the stock has gone down. What a good use of our stock.
Then why did he PR he would. That calls his integrity into question right there.
I hope we get something soon because this stock and its management are starting to disgust me.
Is it just me or I am getting the feeling that this co is not well run. If was a CEO and saw my share price fall from a high of .012 to these levels I would have to shake my head and go what did I do wrong and how do I get this rolling the right way. I think I would have a sense of urgency.
However, if I was selling stock and wanted to get every penny I could fast I probably would not care since all I am doing is printing paper.
So which side of the fence is Doug on.
I have some serious $$ invested in BLYM at this point.
Bottom line.
Doug at the very least respond to YOUR SHAREHOLDERS!
Maybe the reason Doug is not answering us is he doesn't have the answers to our questions. He seems strait up. However if he does not start responding to us his credibility will go way down each day that passes. He IMHO needs to put out a PR giving us answers to the questions we keep asking.
Share count-when is the 375 mil being returned
Deals- What is going on with them
Buyback- HOW MANY SHARES? HE STATED THEY WERE UNDERVALUED IN HIS PR AT .003 SO I ASSUME HE IS BUYING BACK A LOT HERE. (If he hasn't bought back any shares then to me his credibility comes into question immediatly.
WE NEED ANSWERS NOW!!!!!!!!!!!!
I have emailed Doug with no answer as well. I guess he doesn't want to talk to us.....
Hellogeorge I agree. The draw is the reward if we are right. I loaded up some more this week. I think Doug will pull through for us in the long run. If you look at you other stock QBID it was at .0001 for years before its huge run. So sometimes you have to think long term on these. But, what is better about BLYM is they are not a developmental business they have stores and sales. So I hope a big deal is struck to put us on the map then we should be off to the races. These shares we bought this week will either be one of the best trades we have made or well I don't want to go there. Best of luck to us all.
If this is a Texas Hold'em game call me ALL IN. I just hope I have a good hand. Only Doug knows the answer to that.
I think Doug owes up an explanation as to why the stock has been hammered down to this level. His job is to build the co and the share price. If the stock price at this level does not warrant him doing anything in his power to get some news our way then what are we fighting for. Each day we go down.
I am getting PISSED.
I bought again today. Call me crazy!!!
We are digging ourselves a hole that is going to become harder to get out of. If Doug doesn't put out something soon I think we will see that dreaded .0001 level. Come on Doug GIVE US SOMETHING!!!
I agree. We don't have a reason at this point to think he is doing us wrong. We just have to be patient at this point. If he gets the stock to .05 which he says the co is worth then we will all be doing just fine.
Damn I wish I had a crystal ball. I think we can all agree this one is going to be really really good or really really bad. I don't think there will be a middle.
Well Doug is on his time not ours. So we will just have to be patient. As long as he pulls through and we get liftoff I am fine. If he does a RS and kills us I will...
lets just hope we don't have to have that conversation.
My logic is I liked the stock at .007. I should REALLY like it at .0007.
I guess I am talking myself into this.
I just hope this isn't like that old care that you keep fixing only to see it break down again.
Well for sure we are all starting to doubt. I will say one thing. Doug will get less calls if the stock starts going up. At least we will feel a bit better. I think the best short term solution would be a pr on a better share structure. That should shore things up for now. The more I think about it the best time to buy is when everything looks the worst. I may pick up a few mil tomm. Who knows I am down so much whats another 2K or so when you really think about it.
I never thought it would go this low either. I guess we all know about the 375 million that should come back. The question is why is it not back yet?? It seems Doug did not take the funding stock should be returned plain and simple. I am a little nervous that they have not come back yet. I guess the question would be why?? I have a lot of questions. At this point Doug is lining it up for greatness or blowing smoke. Time will tell if he is leading us to profits. I will not sell one share no matter how low this goes. I have a feeling this one still can be huge. And I would agree that the bigger deals do take time.
But, here is a thought.
Doug keeps pumping his 27 year thing. Yeah thats great.
I am starting to think like this.
27 years and all you have is 2 stores great growth what is going to change now?????????????
Evensooner,
I think if we avg down here we could do alright. I am waiting to see an upturn myself. If I see one I may snap up some more. If not I will wait for it go lower (ouch) and buy there. I sure hope Doug comes through for us. I AM DOWN A TON......
What we need is concrete facts. If these "BIG DEALS" are in the works thats great. I sure hope they conclude so we can get some real visability. In the mean time all we can do is hope that one day we can see a return on our investment. And if a deal does happen this would be the time to buy. I also hope the new pr firm gets this moving so far I have not seen much...
It looks to me like dilution. My question is for what. I am getting really fed up with this. We need answers. A lot of you are guessing. Doug needs to give us a state of the business address. Since I first bought this stock it has been the worst performer in my portfolio. Thankfully a small part of it.
Doug time to step up to the plate and stop promising and start acting.
Well I bought some more today. I sure hope this one goes the right way. I will be at a huge loss if it does not. But, Buy Low Sell High right?
Evensooner,
I have read this board for some time. I was hoping things would work themselves out. But, at this point I think Doug needs to MAKE IT HAPPEN for us. If I was in charge of Billy Martin I would sure not be hang around and watch my stock destroyed as has been the case here. I think there are going to be some major credibility issues called soon if Doug doesn't get the share price up. Why on earth are we below .001. There are pink shells trading higher. So does the street think this is the value. He needs to put out some info to get things going.
My question for Doug is simple.
Doug,
You have been in business for 27 years. It would seem you have been profitable due to the length the company has been in business. So why would you not release the companys full year 2005 sales and profits. So we can get a P/E established and finally get some financials on the company.
This is the most important question to ask. At the end of the day wallstreet is based on EARNINGS!!!!
Eversooner,
Thanks for all of your informative posts. I am currently holding 6 million shares of this stock. At these levels that isn't much but, I bought much higher. I am starting to draw some issues with where we are headed. The first is Doug put out a PR that there would be a buyback because the stock is undervalued. This was when it was at .003. So I would think this would be an agressive time to buy it wouldn't you say. Also he stated the co. was worth around .05 a share. So why not back that up and have the company appraised. I personally think the stock is way undervalued. So who keeps wacking the bid each and everytime some buying comes in. Doug owes it to us to start getting things going. We have been patient and most of us have a huge paper loss. Next time you talk to him instead of getting broad answers try to get some facts. Those facts being WHAT IS HIS PLAN TO INCREASE THE SHARE PRICE????
That is his responsibility to us his loyal shareholders.