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I would be very surprised if we see a conversion ever. I still hold MSRM stock but after all this time I just don't see any willingness of the GBRC board to move ahead with the conversion. It's been more that 2 years that it should have taken place.
Sadly, we saw GBRC trade up to $5 at some point and I am sure my fellow MSRM shareholders would have trimmed their position just like I would have done. Since there was no conversion that opportunity came and went. C'est la vie I guess.
I don't understand the institutional discussion on this board. But for what it's worth if there is any benefit in creating this I'll be happy to donate a few shares. :)
Good luck to all and maybe, just maybe, we wake up one morning and read a headline saying the conversion is complete. Haha.
kp,
I haven't been following the MSRM/GBRC conversion lately. Could you please update me where we stand with this?
Thanks in advance
rin
thanks for the info. I guess we wait until the SEC has finished their paperwork. This is very frustrating, however, I strongly believe that we shareholders are going to get the conversion done at the previously announced rate of 1 for 7.143; anything else is subject to legal action.
Again, I give the GBRC management the benefit of doubt; I am willing to wait for the SEC. I do expect this thing to be round up by end of June.
The question is who is eligible for the about 12 Mill shares of GBRC that are in escrow?
Are my shares real or fake? and if they are fake ameritrade sold them to me.
I am willing to allow the company to tell us when the conversion will take place provided it is within a reasonable time frame.
GBRC is responsible for the conversion. Ameritrade for the authenticity of the shares.
I couldn't trade MSRM with Ameritrade. Trying to buy some at 0.10 just to see if I could. It wouldn't even take my order.
The conversion better still be on. As far as I am conerned if the conversion doesn't happen we all should get together and look at legal action against GBRC. As I recall MSRM was the holding company that practically controlled GBRC stock. We as shareholders have been misled by management that this conversion is taking place in a timely manner. This has not been the case. Moreover, it is the responsibility of our brokerages to make sure the MSRM stock we bought is actually valid and real. I expect GBRC stock at a conversion ratio 1:7.143; that's what they said, that's why I bought in the first place. Anything else is fraudulent.
Good luck to us all!!
MSRM stock worthless?? what about the conversion?
Maybe, just maybe we longs need to get together and sue GBRC for what its worth. We were clearly misled when the "conversion" was announced and nothing sofar happened. I still don't have any GBRC shares which were promised to us in early 2007. GBRC is responsible for this "non-conversion", moreover, if the conversion had happened in early 2007 some of us could have sold some of these $5 shares for a profit. I am not a legal eagle but I believe we have a case. I have multiple e-mails from management stating that the conversion will happen in a timely fashion. I think it is time to put some pressure on management and to recoup some of our losses.
Anybody interested?
I haven't been checking the board lately but the SEC halt on trading of MSRM shares has been surprising. What does that mean? Are the MSRM shares worthless? Will they be converted as promised by the company? Is management involved in the fraud? Or are professional traders responsible for the scam?
Has anybody contacted the company to find out whats going on??
hi there. I could contribute some e-mails I received from JA if you should some get some legal advice.
I am also a MSRM shareholder and I really want to get this conversion settled. I am wondering how I can find out if my MSRM shares are real or counterfeit. I bought them through Ameritrade in 2005 and still hold them.
Would it be advisable to get stock certificates from ameritrade just to get proper documentation what kind of stock that is??
any thoughts??
I asked Jeff Andrews this question in the past and he said that this conversion ratio including the warrants are valid even if you buy MSRM now. The warrants have been pushed to end of Q1 2008. Since there hasn't been a conversion yet I assume that we will see another announcement regarding these warrants pushed to a later date, maybe even the end of this year.
We'll see. Don't forget that this company is very ambitious and wants to get listed on the AMEX. They need to sort out this conversion thing before thay can move forward with this plan.
Happy Investing
Happy New Year to you too!!!
2008. The year my MSRM shares will convert??
Let's hope so. Good Luck!!
let's hope you are right on this one. I am ready to get my MSRM shares converted. There is virtually no volume in MSRM. I do expected a bright future with GBRC.
GL rin
Hi there,
where is the yahoo msg board gone?? RZ is on fire and we have no idea what's driving this recent run-up?? No doubt there is news in the making with either the geothermal or the automotive side.
Merry Christmas and Happy Investing
rin
pac,
"I can't see conversion ever taking place until MSRM/GBRC either 'proves' HAWK 10 etc or gets some big investors on board".
I tend to disagree with you (respectfully of course). MSRM owned as a holding company the vast majority of GBRC shares. This conversion thing is extremely important in order to move this company forward irrespective of any orders or new investors. I wonder if Frank has gotten his GBRC shares already or not?? This conversion thing needs to be behind us.
Good luck!!
rin
This conversion thing is getting ridiculous. I believe we as shareholders should get together and see if there is any legal grounds to sue this company.
After all we made our investment decisions based on the company reports which are apparently based on lies. If the conversion had taken place as expected at the end of 2006 or early 2007 we as shareholders would have had the opportunity to sell GBRC stock when it hit 5.
I am wondering if anybody out there can tell me if we can sue this company for misdirecting shareholders?? any lawyers out there that can tell me if we could/should proceed?? anybody out there that is interested in a class action status??
Hopefully you get some answers. How much longer do we have to wait for the conversion? They had a year to round this up. Just wondering...
Did they file on Friday? anybody know??
Friday sounds better than "e-mail me in 2 weeks". There is no doubt they will convert but how long will it take?? If they converted today we are looking at MSRM share value of about 45c. That's just short of a triple from current numbers.
GBRC with the recent sale and the awards will be taken seriously but only if they can clear up this MSRM conversion mess!!
Happy investing!
rin
GBRC is down on good news. It will go past $4 within the next 2 weeks. There is always some delay for the stock price to move up after news.
GBRC has to clean up the conversion issue with MSRM in order to get investors' confidence. Once these shares are converted we will know what the O/S shares will be. Any new investor will need to know what he is buying.
My suggestion: Get these MSRM shares converted; move to the AMEX; and run the PPS to 20!!
Happy investing times ahead!!
rin
hi dragon,
Jeff is not answering my email. have you found out anything new about the conversion date? or are we waiting another 2 weeks?
rin
Nice post Pacor,
you hit all the right points. I like to see the MSRM to GBRC conversion happen as soon as possible to instill some confidence in the company. It appears to me that Frank&co. is getting some really good advice these days. Not only are the emails answered in a timely manner but the recent adjustment of Frank's shares is very encouraging. This is getting ready to go on the AMEX. No doubt on my side. Get me my GBRC shares and then we'll see.
good luck
KP,
I feel your frustration. But look at the bright side, Frank gave up a huge chunk of his shares in order to make this company's PPS go up and attract institutional investors; and change to AMEX; not a bad idea.
be patient. GBRC will prevail
Good Luck!!
It hasn't been filed yet. Emailed Jeff. He said to check back in two weeks.
I am very encouraged about the news that Frank reduced his position. That allows investors to look at GBRC in a different view. Say he holds 87% of the company who is going to invest in it? Reducing his stake may improve the PPS and therefore benefit him indirectly. Also in order to move to amex the insider stake can't be 90% (I believe).
Anyway, they need to get this conversion done otherwise there is no way for them to move to the AMEX.
Good Luck
this is very interesting indeed. if I understand this right pringle basically reduces his holdings to 17M shares and in addition they seem to have an investor lined up to pick up $2M of shares. This is truly very interesting!!
Maybe GBRC is a cool investment after all!! :))
good luck and please convert my MSRM shares!!
Seeing is believing. I wonder if the management can get their MSRM shares converted to GBRC before the "rest of us". Any comments?
Fogg,
obviously your parents were scammed into buying MSRM stock. Some of these cold callers are masters of their trade. Having said that (even though I feel for them) there are two issues. One is the fact that they bought the shares and the second what to do to get them converted into GBRC.
Quite frankly, they are adults and making decisions for themselves sometimes good ones and sometimes bad ones and sometimes really stupid ones but still it's their decision; therefore they should blame themselves and not others for buying this stock and take the responsibility for that. If MSRM had gone up to 100 bucks would they have said them same thing and wanted their original money back? I don't think so.
The second issue is more tricky and I believe it is fraudulent not to be able to have access to the shares and getting them converted. This is a whole different story and I truly believe somebody should go to jail for that. I can only express my best wishes and hope this gets resolved for them in the best possible manner.
Good luck
there is nothing worse than a message board without messages. Hey guys! where is everybody? GBRC at 2.2 should yield a conversion price of 30.7 cents. that's double of what we have right now. I can't wait to be listed on the AMEX.
GLTA!!
That's great news. I got intrigued by MSRM and Frank when I saw an interview with him on their website. He was so eccentric and driven by the whole idea that I was very impressed.
Let's see what we are going to get. One thing is for sure, Jeff does a great job answering his e-mails and I have never had an e-mail not answered.
Good luck to all.
I guess we need to be patient. I emailed Jeff and he said that news will be out in next 2 weeks.
Once the conversion takes place and GBRC lists on the AMEX we could have a winner here. I am long and if this takes off I will be very happy!! If it doesn't it will take me a very very very long time to get rid of my holdings.
Good luck to all and let's see MSRM go back up before conversion to GBRC.
kp,
email me under rinvint@yahoo.com
thanks
kp,
I agree with you re: frank&co. I have all the time in the world for them to get this puppy rolling;
What I was wondering was what you thought of Huppe&co (mccy); it sounds really good but the pps is not doing so well. Do u think the 1.4 Bill in orders are real?
thanks
rin
kp,
I just sit tight. what's you thought on mccy? tons of posts on the board. do u think it's real?
1000000+ traded today. something up???
Honestly, I was expecting a sell-off of GBRC shares to the 2.75 range due to these warrants. I figured that MSRM is probably worth about 38-40c (=2.75/7.143) and if you look back that's exactly what the turning point was for the MSRM run-up.
Unfortunately I didn't participate in the sell-off. My gut feeling tells me that they will get this conversion done and that GBRC has a good chance to set up the tire business. I am in at 8c and I won't sell until I see 40c again.
Once all these warrants are converted I expect another up move of GBRC. The high oil price and domestic pressures to become oil-independent will help GBRC from a speculative standpoint.
After the negative press GBRC got from an analyst they have been much more forthcoming with replying to e-mails, etc. I truly believe that they are trying to make this work and hopefully there will be some reward for us down the line.
Good luck!!
Ouch!!
I guess my MCCY investments weren't the smartest I have done. Its dropping like a rock! I got sucked into it but I want to wait to see what they have to say next week. What the heck! it's just money!
My plan was to wait until it hits $5.00; haha sometimes it just doesn't work out!! Win some loose some.
GLTYA!!!
Awaiting the conversion of stock. I expect some news in this regard soon. Hopefully we can get our hands on GBRC stock which may be trading on the AMEX soon.
good morning kp,
thanks for the welcome. how dragon figured that rinvino is a "she" still dazzles me. Must be wishful thinking. Well, it's a "he".
I went to Florida Friday for a meeting so I put in an order early that morning for 0.30. What a nice surprise when I saw the entire order was filled, the market tanked, and MCCY actually moved higher.
Thinking about getting more next week. Doubt I can get it for that 30c bargain price. We'll see.
Enjoy your Sunday!!
dragon,
for the record: I am a guy!! I can't recall anybody ever connecting "rinvino" with "she". It should be "he".
I am just a retail investor intrigued by MSRM/GBRC's technology and potential.
kp,
finally got some shares of the company you suggested. thanks for the tip.
happy investing!!
davidam,
thanks for the info. I don't know much about their business model but the expected revenue is quite remarkable. It appears to me that these contracts include a service component and therefore these management fees are a continuous revenue stream. Nice.
New to MCCY. This may be a really stupid question but what is the ownership relationship between Media City Corp. and Effective Control Trucking LLC??
or in other words if I buy MCCY do I own only ECT or is there more?