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Yes, it came in about 6,500,000 below my lower projection. I am very happy about that. I think if they can get funding from the govt in the next 2-3 months, we will be in good shape. Good call. My calculations unfortunately incorporate a lot of unknowns and speculation.
The o/s is 353,000,000.
Would you please quit emailing them, until you have all the facts.
read my reply to Quiet tim. They did not give them 8,000,000 shares for $850. They gave them 8,000,000 shares for $93,500, which is a conversion rate of .01172.
Actually, that's not quite right. I've tried explaining this before so let me explain it again. First here is the line on this deal..
Subsequent to March 31, 2014, Golden State converted $850 of the 4.75% convertible debenture into 7,982,953 shares of common stock at $0.00011 per share and exercised 243 warrants at $381.50 per share for $92,650 and advanced $46,325 for future exercise of warrants under the terms of the securities purchase agreements.
Now you posted about the first part of this deal. Its the bolded part that most leave off. Usually Flyerfan. Anyway, these two parts work together. GS converts a portion of $100,000 in shares, at an extremely low conversion rate. However, at the same time they also exercise a warrant, this time its 243 shares at $381.50 per share. So in this deal, 3dicon gets net proceeds of $92,650 and the $850(previously). So the actual conversion rate works out to .01172 per share. Which is approximately a 20% discount to the market avg for 20 trading days prior to the conversion. So they did not get 8,000,000 shares for $850. They got 8,000,000 shares for $93,500
Its due today.
We might get some sort of update after release of 10q. After release of 10k, they released the news about manager briefing and they released the updated website. Maybe they plan news to counter affects of 10q. Just a thought.
So if you thought the pps has a shot at .10, you'd sell at .0155?
That wins post of the year!!! lol
of course once they were rescued, they were stupid enough to get back on another boat and ended right back where they started..lol
I believe after further checking that you may be right. My comments were bsed off this from the 10qs.
The Agreement also amended the existing agreements between the Company and OU such that all intellectual property, including all inventions and or discoveries, patentable or un-patentable, developed before July 28, 2008 by OU under the SRA is owned by OU. All intellectual property, including all inventions and/or discoveries, patentable or un-patentable, developed jointly by the Company and OU at any time is jointly owned by the Company and OU. Finally, all intellectual property developed by the Company after July 28, 2008, including all inventions and or discoveries, patentable or un-patentable, is owned by the Company.
The wording is confusing. It starts stating any invention prior to july 28, 2008 is owned by OU, which would include Cspace. They end by saying any invention after July 28 is owned by 3dicon. What i missed was the middle, stating that any invention done jointly, is owned jointly. Its not worded well, because, 3dicon has financed the operation since 2005. so not sure that would mean anything was done unjointly. Meaning everything involving cspace should be jointly owned, and everything beyond july 28, 2008 is strictly 3dicons.
So i appear to be wrong. Sorry
Make that a third protype, and the last one is only at 1 1/2 years. I assume you expect this new type of tech should be easy to make, since no one has been successful to date.
I stand by my claim, but not sure where you get that its insider trading. What i saw is accesible for all.
3dicon does not own any patent that involves cspace. Period. Look it up. It would be OU's tech to sell, not 3dicons. 3dicon owns all other tech developed, starting in 2008, that is developed in the ou labs. Cspace updates not included.
Last i checked, 3dicon didnt own the patents, OU does. So short of selling company, and having the licensing and marketing rights passed to the buyer. Dont think 3dicon can sell the technology to anyone.
Pick me! Pick me! I've seen pics of the first two! Oh please, call on me!
Though we haven't had any huge trading days. VNDM, BKRT, and BMAK have been glued to the ask, unloading a lot of shares. For the month of Apr, those 3 were responsible for 26,000,000. I would bet those are all diluted shares. The question is though, were all those shares issued after the 26th, or were some issued before the 26th and still needing to be dumped. Oh, I'd add vfin to that mix, which is another nearly 7,000,000 shares in Apr. Total comes to 33,000,000. Those right there bring us almost to my bottom number. Again, don't want to be right, but would rather expect the worse, then anything lower looks good. But if expect the best, then will likely be disappointed.
That sounds about right!
The o/s went up about 37% of the volume from 10Q in Nov to Mar 26th. That is actually a pretty small percentage. Seen it as high as 70%, but usually in the 50-55% range. Volume has been 95,000,000 since Mar 26th. That means at 37% we are looking at an increase of 36,500,000 shares and at 70% we are looking at 66,500,000 shares. So I would bet that the lowest the new O/S will be is about 364,000,000 and the highest is 392,000,000. I think you are a bit to low. hope you are right, but my money is in my range. 364,000,000-392,000,000
No, he just asked what I thought a lot was. I'd be happy for .50 per share. Though like you said, things could change in a hurry, especially when they get done producing some product platforms. I think the long term plan is to get bought out. Other than Refai, all the big guys are getting up in age, and a nice buyout is likely what they seek. I'm just here to make money, and if a buyout provides me that money, then I will be happy.
like I've said in the past, For me .50 or more a share buyout would allow me to walk away very happy. That would take roughly $200,000,000
They could not just sell the tech. They don't own it, OU does. They could either license it out and make royalities, which would move the pps higher. Or they could sell the whole company, which would pass the rights of cspace over to the buying company. In this case, the selling price would be divided among the shareholders, most likely after all debts paid, which is less than $1,000,000. They can't and wont just sell cspace and move into some other business. If they sell the company, that will be for huge money in my opinion, or they will just take chance of licensing it.
My guess is it will be in a range of 36,5000,000-60,000,000 shares.. Which comes to at most 387,000,000 shares 0/s.
I said they were issued as options to employees. Dont think i said the company sold them. My point being, most of those shares that were issued were not dumped into tne market as you claimed, but they were give as options, with an avg exercise pps of .08. Now if you claim they cant do that, then maybe you need to report them. Doesnt seem management minds getting options. They know they will probably make way more with those options, when they exercise them, then trying to dump shares into the market at .039 and lower. Good luck
Contrary to what flyerfan has stated. The shares issued to the employees from the Stock Incentive Plan, are not just dumped into the market. They are instead issued as options. This is from the 10K. The shares it talks about came from the 2013-2014 plan.
Equity Compensation Plan Information
We have one stock-based compensation plan, the 2014 Equity Incentive Plan that replaced the 2013 Equity Incentive Plan, together referred to herein as the “Stock Plans.” As of March 26, 2014, 23,030,274 options to purchase our common stock were issued and outstanding under the Stock Plans with a weighted-average price of $0.08 and 37,563,907 shares of our common stock were reserved for future issuance under the 2014 Equity Incentive Plan.
As you can see, those options to purchase, have an avg purchase pps of .08, so basically, we won't even see those shares being exercised and then possibly sold until the pps hits at least .08 or higher. So the 2013 plan had 20,000,000 shares that were issued and so far roughly 13,000,000 shares have been from the 2014 plan. That comes to 33,000,000 shares. Of that amount 23,000,000 were issued at options at an avg of .08. So that means only 10,000,000 have been issued that may not have been options. That's only 10,000,000 out of 70,000,000 in both plans that may have hit the market so far, and those may not have all been dumped either. So I'd say flyerfan kind of misrepresented the S-8 shares a bit. hope this helps calm some nerves.
Your post makes no sense.
I dont see us closing below. 0137, which is the 50ma. Could dip below, but expect a quick bounce back above it. Also, in the next week or so, we should see the 200ma start to curl back up. Leaving all long term indicators in a uptrend pattern.
Broke thru .017. .0175 now.
Not sure if that is still the case. I think the firm they hired to do the chairmans blog, is also in charge of all the other social media.
today was the first time in 16 trading days that we closed at .017 or higher, last time was a close of .018 on 4/4
I honestly would be more concerned if Keen took the time to post at Ihub. I like the blog to answer questions, but other than that, I'd rather see official press releases and filings.
Let's just say, I don't believe you will have to continue to ask about whether the r&d update has been issued, when they actually issue it.
Wow, nothing has changed in the last three hours. Did you sell? You were pumped a few hours ago. Now back to doom and gloom.
Today, the 100ma is crossing over the 200ma. So we are now lining up where the highest ma is at the bottome and all others are in order from biggest to smallest moving higher. That's what you call a strong uptrend.
Let me correct that a bit. The 10ma is still below the 20ma. once the 10ma crosses the 20, then we will be lined up high to low moving up or low to high looking down.
Those shares weren't dumped at .005, unless they possibly issued all 12,000,000 that day. Otherwise they issued the shares at a higher pps. That .0055 used to figure the registration fee has nothing to do with the pps those shares were issued to others.
Who bought at .005 and sold at .03? I'm not sure what this response has to do with my questioning some who said the company dumped those shares into the market.
I will say, answering that question about the 50million shares, sure makes a few people who posted otherwise on here look a little foolish.
If they were offered .50 or more a share for the company. I'd vote yes. Maybe even a little lower. I have a breakeven point of about .12ish, so If they could get maybe even .25 or more, I'd have to consider a yes vote. I'd actually rather see a lot more though..lol Anyway, I do find that statement intriguing to say the least.
The way I see it, if we aren't above a penny by next year, this time and they have to do a split, we were already in trouble. He must state that, just in case. Doesn't look like they plan to have one unless this thing falls below a penny and stays there leading into April of next year.
what do you mean it wont be Opaque?? I talked with my sister's brother and he said that it was! You can't take that away from me.