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Some disturbing news about this company
LAS VEGAS, NV--(MARKET WIRE)--Jul 22, 2008 -- Marshall Holdings International, Inc. (OTC BB:MHLI.OB - News)
Marshall Holdings International, Inc. Announces Former Chairman of Calistoga, Elwood Sprenger, as New Chairman of the Board.
Maybe someone ought to contact Mr. Elwood Sprenger and ask him a couple of questions (good luck.....this company has no working phone number).
Questions such as these:
#1) Mr. Sprenger, weren't you the CEO of another scam company Global Energy Resources (GERI) as recently as July 2008??
#2) Mr. Sprenger, didn't the SEC step in and shut down GERI for unloading hundreds of millions of shares into the market?? (see link below and click on the NEWS tab when you get to the website)
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=geri
#3) Mr. Sprenger, isn't GERI's share price now quoted at .0001 cent a share??
#4) Mr. Sprenger, is it true that the SEC will not even allow GERI to be traded anymore??
All of the above is just my own personal opinion and nothing more. Do your own research and come to your own conclusions.
Best of luck to all you longs -
But talk about MMM. Geez, this thing just popped on absolutely nothing, and with not much volume either. Hopefully you guys will get to $2.00 by years end.
Don't think so - - - - -
Everything else (including a lot of OTC::BB stocks) have been going up over the past week. GTEC on the other hand has been acting real funny.......and the volume is pathetic. I unloaded the last of my shares today. It's a shame too.....this stock seems to have everything going for it.
I'm starting to agree with Stock-Addict (but for the sake of all the longs here, I do hope I'm wrong about this). This thing may bottom out at .20 cents. If it does, I'll buy back in.
In the meantime.....best of luck to all you longs out there.
AC - - - - - - -
My thoughts on this matter.....GTEC appears to be an all around solid company. Additionally, they seem to go about business + investor relations in a very professional manner.
Problem is, they need to somehow drum up interest in this company.....make it stand out from the rest of the many investment opportunities existing in the market today.
No way can the PPS remain at .28 -- .30 cents before the reverse split occurs. They must find a way to boost it up to at least a buck. This would give us a price of at least $7.00 a share....post split. This would be absolutely requiste to meet the the requirements of any senior exchange.....in other words, depending on which exchange we applied to, we would have to maintain a closing BID price of anywhere's between $3.00 (AMEX) and $5.00 (NASDAQ) per share for 30 consecutive trading days (not 30 consecutive days). Seven dollars a share gives us a little breathing room in case of any unforseen events or negative circumstances, so as to facilitate our acceptance onto the senior exchange without any delays/questions/problems.
You don't want to R/S this stock at even .50 cents a share. This would give you a post split PPS of $3.50 which cuts it too close. One bad day in the market, and you dip below the $3 or $5 minimum......then you have to start all over and fight against the tide.
So in closing, management has to come up with a way to create a permanent spike in share price before they even consider any moves off of the OTC:BB.
This is just so F'n annoying - -
This stock has completely flatlined. Go up to .35 or go down to .25 cents......either way at least do something. PPS frozen at .28 Somebody check for a pulse.
I am also here lurking - - -
I do however admit to a slight sense of consternation. Without trying to sound like a hypester, this stock seems to be seriously under-valued. Why so little interest is beyond my comprehension.
I too am hoping for a pop in the micro-caps. I would definitely like to sell off some of my other stocks and add to my GTEC position......especially at these prices.
When management finally commits to making its move off of the OTC:BB, they know damn well that they have to get the PPS up to a buck (at the very least). I'm thinking $1.50 -- $2.50 is more like it.......before the 7-1 reverse split.
And just as importantly, they have to find a way to maintain it at those levels for at least 30 trading days. And if the past is of any indicator, our friendly neighborhood MM isn't going to make this easy either......regardless of how many shares are bought up from the float.
What about the three PR's last week?
This thing is flatlining...eom
Long Vestor - - - - - -
Excellent points. And no, I'm not cheerleading. We all must be willing to hear both sides of the story (good & bad) whether we like it or not. I have considered Mr. Addict's rhetoric over the past week with a disinterested (meaning un-biased) ear.
It has become increasingly obvious that he is trying to foment unrest and angst among the readers of this thread.
From the way I see things, most people here are in it for the long haul. Whether or not the PPS goes up or down a couple of cents in the next week or two should be of little consequense to those who believe in the long term prospects of the stock. If they were flippers/swing traders, they would have been out long ago and wouldn't really have any reason to be concerned about these purported scenarios proposed by Mr. Addict.
Let him continue to post. As time goes on, his motives will become apparent to all.............All IMHO of course!
Too Funny - - - - - -
GTEC issues a fluff press release about retaining an investor relations firm and the PPS shoots up to .49 cents.
GTEC then issues several serious press releases..........................
The procurement of the patent/rights for a new drug and the PPS tanks.
They announce funding and the PPS tanks.
They announce very respectable numbers/earnings/revenues/profits and the PPS tanks.
They clearly promulgate their intention of moving up to a senior exchange in short order and the PPS tanks.
Truly amazing. MMM at its finest. (IMO of course)
nev investor - - - - - -
Where did you find this release?? The only thing YAHOO is showing is a form-8K/A which is much different from the release you just posted.
Long - - - - - - -
I guess I'm not as sharp as the rest of the posters here. Could you please explain how posting old irrelevant numbers would fix last week's screw-up?
TIA
Ickyy - - - - - - -
I am going to state the obvious here. This stock is being manipulated.......end of story. Someone likes the support at .30 to .35 cents (whether that somebody is our own BOD, or just NITE MM playing the usual reigndeer games is open for debate).
This stock should be trading at least a buck a share by now....given the equity contained within the China pharmacuetical company that we absorbed.
Maybe NITE wants to go long on this puppy and buy up a chunk of the float on the cheap......
996 additional information - - - - -
From the way I understand it, the 10 million shares that were given to POPE in exchange for the $5 million in funding are also restricted for at least 2 (maybe 3) years. These shares will eventually be sold off/liquidated and be absorbed into the float.........but that will occur years from now.
At this moment, our float remains at, and will continue to remain at 85 million shares, no matter what the GTEC BOD decides to do with any other shares they may have issued.
996 - - - - - - -
Maybe I can clarify here. TOS (total outstanding shares) and FLOAT are two disparate entities, although at first glance they may appear to be interchangeable.
TOS = the number of shares that a company has already issued to date. some may be tradeable, other may not be.
FLOAT = the number of shares that are currently available for trading. a company may have 100 million shares outstanding, but only released 20 million of them into the float for trading. they may have the other 80 million locked up in a safe somewhere for future use.
GTEC has a FLOAT of approximately 85 million shares, but its TOS has just been increased to around 375 million shares. The 85 million in the float are free trading right now. While it is true that the other 295 million shares have been already been issued, and theoretically COULD be sold off into the float for funding.....the fact of the matter remains that they are restricted for at least two years and have not, and will not be sold off into the float by the BOD.
Atomic5 - - - - Doc Nuance
Real nice DD Atomic. Now a question to both of you (and the rest of the shareholders).
Why couldn't CCG Elite and GTEC articulate this very information in today's press release, rather than leaving it to the imagination? It was very poorly thought out and presented to the public. Had they included all of this additional information concerning this novel substance, along with sales/revenue projections, then today would have easily been a .50 cent day. But by allowing this incomplete and vague press release to be issued, they allowed people to assume the worst, and we dropped to .30 cents instead.
Never has the maxim "IT'S NOT WHAT YOU SAY, BUT HOW YOU SAY IT" been more applicable than to today's situation.
Maybe they should seriously consider issuing a follow-up press release to clarify the situation and mitigate some of the damage it caused.
AC416 - - - - - - -
My estimate was only conjecture, but I believe that it's fairly accurate.
I most certainly do believe that it could bounce back to .40 by Monday or Tuesday depending on GTEC's trading volume over the next day or two, and on the market conditions in general.
As far as the financials go, the sooner they release them the better. My personal opinion is that they will be posted next Thursday or Friday....or early the following week.
Pompano - - - - - - -
As far as sell-offs go, this one was relatively bloodless. If we're back at .40 by the time the financials are released, this puppy will be just fine.
Gotta admit though, when I first checked it around 11:00 am, I almost wet my pants.
Doc - - - - - - -
Count on me for some nice Cuban cigars.
GTEC, the little stock that could - -
Dow tanking.......down 350 points, but this little guy just keeps chugging along. It's dying to bust a move here.....I can just feel it.
I say post the financials next week and quickly follow up with a juicy PR or two, and this thing will be doing the Irish Jig.
I walk away from my pewter for 20 minutes and look what happens. More fun and games tomorrow (opens gaps up, then they walk it back down)??......or maybe they finally loosen the reigns and let this puppy run free??
Doc - - - - - - -
G**damn, I show do hope's you be right (about that monster PR sneaking up on NITE like a 25 foot shark and ripping him/them a brand spanking new shiney A-hole). Makes me all tingly inside just thinking about it.
Seems somebody likes the ASK just where it is right now. It does tend to rankle.
Big - - - - - - -
AMERICA!. I would guess that they are trying to impress us, not anyone else. Their AMEX listing & funding will be coming from the USA, not some spithole province in China.
Then again, if they ever felt the need to schedule a meeting, why not do so in both countries if it was warranted? (ie, if they had many shareholders on both sides of the globe)
Big - - - - - - -
Unless I'm seriously mistaken, I believe that the form 8-K released on October 26th formally countervailed any need for a shareholder meeting. They claimed to possess at least 51% of the stock.....thereby giving them the majority vote on any issue. They've already already promulgated this sentiment, and also that they themselves voted on the changes that they wished to implement without any input from us.
This means that unless the balance of power changes in the future, they will never have to schedule a shareholder meeting or referendum with the common shareholder base.
LongVestor - - - - - - -
Moreover, the bottom might be wherever the PR firm and CEO want it to be right now.. Because, if I was them, I’d be looking for a strong support of .50, since the plan to use 300mil shares to get $30mil, would like to have support at .50.. Support at .30 is Penney for Penney and no lender, or investor wants that.
Excellent point! Never even crossed my mind till now.
LOL - - - - - - -
Fair enough. Hopefully we'll find out soon either way.
- - - - - - - -
Second day in a row we opened gaps down. What we need is a sustained PR run. Otherwise we will continue to languish, and this thing will slowly dwindle back to around .30 cents
With or without news?
Pompano - - - - - - -
The stock opened gaps down by a penny this morning (closed at .40/opened at .39) We may close up this afternoon.....but with this sluggish volume we may have to wait till next week for any upward movement.
Either way, I'd sure like to see a steady stream of PR's coming from the company though. One or two a week for the next month or so should bring this stock up to where it should be. Then maybe another PR or two a month after that to hold her up.
AC416 - - - - - - -
We won't know exactly what this was for unless someone can access the S.E.C. Edgarized records (years ago I had access by paying their annual fee). Or unless GTEC management decides to promulgate the reasons itself.
My guess is as stated earlier......private placement. Give some shares to an investment institution or a shareholder with deep pockets in exchange for some working capital. Those shares would be restricted for at least one year (more likely two years). These shares would not be in danger of being unloaded on the market while the PPS was still going up. They would be locked up somehere and there would be some clear-cut rules on how and when they could be sold.
GTEC already stated that they have $17 million cash on hand. I wonder why they want to raise more capital.
Covering Shorts - - - - - -
We gaps opened today (close to .49 cents). When it was mentioned yesterday that someone was short 500,000 shares (most likely a MM) I knew this was going to happen.
Closed yesterday at .46 and then opened today three cents higher. The MM's got some opening buys near .50 cents, then walked it back down to the low .40's. Typical MM bullchit.
We may bounce back this afternoon depending on the volume. Otherwise we'll see some movement early next week.
AC416 - - - - - - -
I think REGDEX stands for "Regulation D Exemption. Regulation D establishes three exemptions from Securities Act registration.
Rule 506 is a "safe harbor" for the private offering exemption. If your company satisfies the following standards, you can be assured that you are within the Section 4(2) exemption:
You can raise an unlimited amount of capital;
You cannot use general solicitation or advertising to market the securities;
You can sell securities to an unlimited number of accredited investors (the same group we identified in the Rule 505 discussion) and up to 35 other purchasers. Unlike Rule 505, all non-accredited investors, either alone or with a purchaser representative, must be sophisticated - that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment;
It is up to you to decide what information you give to accredited investors, so long as it does not violate the antifraud prohibitions. But you must give non-accredited investors disclosure documents that generally are the same as those used in registered offerings. If you provide information to accredited investors, you must make this information available to the non-accredited investors as well;
You must be available to answer questions by prospective purchasers;
Financial statement requirements are the same as for Rule 505; and
Purchasers receive "restricted" securities. Consequently, purchasers may not freely trade the securities in the secondary market after the offering.
Pompano - - - - - - -
It briefly touched .49 cents around 2:15 this afternoon (it's teasing as if it had a mind of its own).
If it gaps open tomorrow, we may open at above .50, but then it'll drop back down to the mid-forties by close. If it doesn't gap, then we will see .50 sometime before noon tomorrow (and hopefully never look back). In any case, we will pass fifty cents by mid-week. The starting gate has opened, and this little F'er is making its move
Randy - - - - - - -
Thank you for the corroberation on this matter. If what you have just asserted is indeed veritable(I haven't had the time to read that pdf file yet), then there shouldn't be any concerns what-so-ever (at least in the short term).
If these 300 million shares are restricted for a year, and their sale is governed by Rule 144, then I don't see much of a problem, seeing how the new management had already promulgated their intention of increasing the T.O.S. by 75%. This wasn't any big surprise or anything. The market was already forewarned three weeks ago.
Long - - - - - - -
Are these new shares restricted for any period of time, or do they become free-trading upon issuance? One may wish to monitor any company officer or board member's intention to sell by watching for any form 144 filings to the S.E.C.
Even if those newly issued 300 million shares are not restricted, and the company principals do file a form 144 to sell, I believe the S.E.C. will only allow 10% to be sold in any given year. So no worries about them unloading anything on the market.
Somebody correct me if I'm wrong here.
Pompano - - - - - - -
You nailed it. Late volume surge, along with a concomitant rise in PPS. We already hit .34 twice today (and are holding there as we speak). Let's see what this puppy closes at in 20 minutes.
LongVestor - - - - - - -
Thanks......I believe that the meeting and vote should be completed by early December (or at least by the end of 2007). Let's see what this new B.O.D. is made of.
Eddie, Ikky et al - - - -
Quick question. GTEC promulgated in their 8K that they were going to host a shareholder meeting within 60 days of the merger. I am assuming that the merger was official as of October 1st. This being the case, the meeting would have to occur on or before the last day of November.
Assuming that the above is veritable, wouldn't they have to have the proxies & meeting notifications mailed out and in the shareholders hands at the very least, two weeks before the meeting & vote? In other words, should we not receive some sort of contact from the company on, or before November 17th?
AC416 - - - - - - -
While I do admit, the manner in which you convey this scenario does certainly lend some plausibility as well as some credibility to your viewpoint, I will stick by my original assertion.
Either way, I do believe that GTEC has reached some sort of impasse. This issue has been in consolidation mode for two weeks now. Support seems to be clearly set at .29 while resistance may be .33 or .35
If the shareholder meeting is to take place no later than 60 days after the merger (as promulgated by the 8K), then it should be held on or before November 1st.
I think that you and I (as well as most everyone else on this board) can agree that GTEC management must now step up to the plate and take this to the next level. It most certainly is in GTEC management's (as well as our) best interest to have this puppy percolating (or at least ready to top out) around the time of their declared shareholder meeting. They certainly don't want to allow the interest, momentum and excitement to fizzle out before then. I would assume that a vote + proxy vote would be taken & tallied, and the R/S would occur soon afterwards. GTEC would then be listed on the NASDAQ or AMEX by early 2008.
Additionally, if there is to be a shareholder meeting held within 60 days of the October 2nd press release, then management needs to be shaking and baking right now. They have to get the meeting announcements/directions and proxy forms out and physically in each shareholders' hand at least two weeks before the meeting. Lots of things need to be happening, and they need to be happening very soon if they are to have fulfilled their obligations & claims.
Doc - - - - - - -
That's exactly what I was trying to convey (although I probably didn't articulate it as clearly as you did in my post last night). Issue a steady stream of press releases......get the PPS to peak (prognosticating at $1-$2), only then apply the R/S. This would bring the PPS anywhere from $7 to $10 a share.
Then, if they have all their ducks lined up with the S.E.C. and the NASDAQ, they can let this thing ride, and close for 30 consecutive days above the minimum closing BID of $3.....then procure their NASDAQ listing and never look back.
My original point was, they would want to get the share price up as high as possible BEFORE the reverse-split, so as to give them a huge price cushion during the 30 day waiting period. In other words, even if there were a huge GTEC sell-off, or a market crash, GTEC's share price would most likely continue to remain above the $3 minimum closing BID for the requisite 30 consecutive trading days. But trying to get the share price up AFTER the reverse-split would put us in a very precarious position.....right behind the eight ball.
Thanks for better articulating this sentiment.