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This Notice of Default weighs heavily on current pps, more than price of copper or anything else... IMHO. It clouds the Management sincerity towards shareholders and hints the possibility of scam: Pay for the construction of mine with the money of naive and clueless and then shake their stake off with some elaborate scheme being bankruptcy or Preferred Shares/Reverse Split jab. The fact that project of that magnitude is gagged by Pink Sheet status, all the upbeat NRs followed by pps drop on heavy volume don’t bode well for retail investors. Of course I could be wrong which makes it 50é50 bet.
This shorting conspiracy doesn't seem plausible in this case. More likely company paid for all the work that's been done with shares. Where else would you suggest money came from? Question remains how long they gonna have to do that and what their intentions towards shareholders really are: either bag holders or co-owners of this entity?
The guy is total ashwhole and sleazy crook. Should his intention were so pure who would sit down with CK brass and work something out knowing that $$ are on the way. Weaving heavy stick like that at this time has scam written all over it. Either hostile takeover scam or some devilish plot with Copper King management to shake off shareholders after they pay for the mine. I still refuse to dump all of the above points to the production being near and scambags creeping out positioning for best chunk of the pie possible. Believing this scambag JP is not only naive but plain stupid. Holding to see what transpires but one thing is for ceirtain: getting hotter.
It must be some of stockholders missed the news or don't believe it or what have you, cause this thing not badging. Could be a few dissappointed with lack of positive reaction to this great news. My take on it you gotta hold it a bit longer to grasp the real impact this is gonna have to this bruised and battered sotck. Now that all the pieces are put together so it;s time for those with some cash to step in and others to hold and watch it fly or so me think. On the other hand there is ton of suspition and rotten sentiment to overcome. Ecerything looks so good yet pps been tanking for quite some time.
t = form t trade - pre/post market trade
Could be in house trades account adjustment or just that: pre/post market trade of eager Bid/Ask match.
The news is they hyped it up to dump more worthless paper on clueless. Couple of months ago it was "worth" $6 per pop. Rub for cover I tell ya.
Big volume early. Something's up or it;s just time to load up?
I'm a holder of this stock like most of us here, and reading posts here with lots of interest. What I would like to see though is one the sellers to come forward and explain their rationale for getting rid off the stock so close to production. I understand that could be like 1000s of other reason for selling a stock that not related to company's performance, but those who see something wrong with it should come forward and share their view with us. Would be interesting to read the dessending arguments.
It's funny how the volume changed all of the sudden from 3.1 mil to 2.6 mil. Must be a few ghost shares flying around.
RS and keep on selling
"Someone else will own it" When you follow the amazing track record of this Swift criminal everything points to the idea the he was installed to bring it down SWIFT with bunch of backers talking control of it for peanuts. Nicosan is awsome and gonna do great, but trhue shareholders of this company may not see a penny from that glory. in fact they had quite a few $$$ lost to bring it to the point where few croocks cna benefit from it. Smells foul...
Less than 10k shares sold and SP down 90% since RS. Awesome move: great idea and timeing that benefited both: the company and its shareholders. What a ruthless idiot run this "company". Going down to .0001 in no time,,, IMHO
Thnx for DD and advice. I also hope it's not gonna go down to that, but sometimes I get impression Swift moron is working hard to run this company to the ground and scoop it for himself and his backers, which in itself would point to that there gotta be lots to fight for.
Even if they are deregistered, they still can trade on OTC no problem. Some company (i.e. CPRK) volonturely deregister to save filling costs and succesfully trade and raise money in OTC. Many bashers here and on other boards sugest that this stock is going to stop trading next day it's deregistered. That's not the case with OTC market where they currently trade anyways. This non issue is been blown out of propportion to get clueless to dump their share in scores.
They made so much moeney(considered 3W country) on so little, Potentials are huge here and makes you wonder what side Swift asxhole is on. Once they start production back home this thing should be BIG DEAL. Delisting from Pinks? Total BS as there is no filling requirements for those. War goes on over something BIG. This is the time to be in as fun just began,,,
There is actually lots of good news in this PR, believe it or not, just few paranoid dumpers having the way. Good time to get in for some quick $$$$
Stocks trading on OTC that NEVER file anything and don't have to. The same rule applies to ALL. I'll stick to that and not worry about that part. There gotta be some interest to put some moeny in US production of NICOSAN also. This stock still has some live in it so me think. GL
With Higeria facility full apeed ahead and production about to begin at home you would think this stock should be flying in the other direction, Yet this idiot throws in the delisting curve ball, talking about filling finantial statements?": Isn't it why this stock is trading on OTC market in the first place? This is the home for deliquent filers and it,s puzzling me what this crap is all about.
It's THE PINK SHEET. Don't wonna repeat myself too muchm but they don;t have to file anything. This Swift moron had too much dope to smoke or is misleading public for whatever reason. Ther is lot's of good news in this PR also. Gotta hold it...
It the PINK SHEET. Since when pink companies have to file finantial statements? This doesn;t make any sense and gotta be clarified. What an idiot this Swift is? Looks like he is trying to bring this thing down, Everything else doesn;t look all that bad. Just that delisting of a Pink Sheet company nonsense.
It makes no sense to me either. Pink company doesn't have to file anything. I think this statement is THE cause for big confusion and today;s dump. someone should clarify it.
To me business model of this company sucks. Fat Bastard should realize by now that doing it all against big boys is not gonna cut and change of corporate strategy need to be put in place. Instead of building this ever expensive library and running expensive ad compain to lure demanding customers, he should run just the web site or something of the sort to rent games/dvd for someone who allready loaded with this crop. He already bring cost under control and next logical step should be to form aliance with someone loaded with libraries of junk to rent it for them, runnung efficient operation. Could someone forward this idea to fat bastard? That could work for all of us.
Could be that exactly what they're doing: unloading it. Probably got it at some ridiculous convertion price and still make killing out of it.
I don't know boys, I understand your anger against fat bastard but something tells me this thing gonna explode pretty soon. It's just a hunch so dont morgage your house over it. GLTA
I wouldn\t call this stock dead. Company just starting into new exciting niche of medicine, and could experience huge growth. I just hope this gonna happen in some timely manner so they don't screw to many retail investors on their way to glory,
They expect significant changes in Quarterly financial results. I hope it's for better. What if they're profitable all of the sudden? This thing would fly straight TO DA MOON!
silly rabit tells ya
Holding pretty good @ .0002 on good volume. Is this thing ready to run for whatever reason?
Ask is $ 5.00 now by DOMS. Bid .75 HILL. Long way to $ 50 it seems...
It looks like we can trade it now. Ask at $5 Bid .75. You gotta admit this RS being very un timely. Right at the begging of the rally. Can't never win with this junk stocks.
So much hype on this board but the stock keeps on sliding down and down. Why is that? Got back in at .0023 and wandering to add to my position or get rid of it all together? Any idea who's selling and why?
What if it is less than 1 new share?
Well, we're almost a Blue Chip stock now. It wasn't my ambition to own $6 stock, but couldn;t sell it all yesterday and am stack with 643.507333 shares. Love that fractional .507333 and am wondering what's gonna happen to it? Are they gonna round it up or DOWN to zero? Obviously stock not trading today or at least I can't do nothing with it.
Who's gonna buy this stock at these prices? Let's hope they gotta plan and some Money Mangers will step in. It would be nice if they address all of the above questions in their news Today, but they didn;t. Don't care for "old" share (bag) holders no more?
Buy MM I ment Money Managers not Market Makers. So tommorow this stock will be over $7 a pop. Respectable but the way it got there not what shareholders had hoped for. Wouldn't mind to lock in the profits today but volume sucks..
What does it mean then? I'm aware of R/S bad reputation but could that be good for a stock? Like big MMs could buy into it? Just curious...
Where is the filling for it? You guys spread false info to koad up cheap.
"Scientists report stem cell breakthrough from human skin; no embryos needed" - we should get some lift from this news...
One has to question the intent of bashers that stick around claiming they own shares of the same company they hate so much. Whoever is sway by that needs to dump their holdings immediately and move to greener pastures. As it for me I like this company its potential and the adjustment that they make to correct past mistakes....
Innova Shifts Focus to Core Business Segments
Innova Robotics & Automation, Inc. (OTCBB: INRA) today announced aggressive changes that it believes will assist in achieving its financial goal of becoming cash flow positive by 2008 as outlined in the Company's July 2007 Strategic Plan. This realignment will focus resources toward addressing the Company's most attractive market segments -- software and software professional services -- through its fastest growing subsidiary, CoroWare, Inc. By shifting its focus onto CoroWare and its rapidly growing software development and professional services markets, Innova and CoroWare believe that they can grow effectively through organic growth, with the continuous release of new services and products, global expansion, and acquisitions of privately held software development and professional services companies.
CoroWare has enjoyed great success to date including: CoroWare's revenues have approximately doubled in each of the past three years; and for the first six months of 2007 revenues were $1.7 million, up from $.4 million for the same period last year.
Strategic Alignments
Innova has made and continues to make changes to reposition the Company, including the previously announced decision to strategically refocus its industrial robotics subsidiary, Robotic Workspace Technologies (RWT), from robotic controller manufacturing to software licensing. RWT is now focusing on licensing patents and software to robot controller original equipment manufacturers (OEMs) and others. However, there is no guarantee that OEMs or others will license our patents and software. Although RWT attempted to establish the URC3 in the industrial market as a solution to extend the useful life of industrial robots, this market has undergone tremendous change. Automobile manufacturing plants and others in the United States have closed, flooding the market with inexpensive reliable industrial robots and controllers.
Additionally, we have assessed the business and market position of Altronics and we have decided to sell this business. We cannot provide a guarantee that we will be successful in connection with such sale or that we will receive an acceptable bid for such assets. While we believe this is an attractive business with a well-defined market, it no longer is in alignment with our new strategic direction of building our software and software professional services business. Accordingly, future funding that would have been designated for Altronics' growth will be invested in growing our new core business.
Efforts have also been made to reduce general and administrative expenditures. To date, Innova has eliminated several items of cash expenditures, and more cost reductions shall be implemented in the near future. In addition, Innova is managing and reducing debt through a combination of renegotiation of short term debt as well as voluntary debt conversions into restricted common stock of Innova.
"We believe these strategic transitions will help Innova focus its attention and efforts on significant market segments with high growth potential such as information technology infrastructure optimization, software as a service (SaaS), and mobile robotics," said Gene Gartlan, CEO of Innova Robotics & Automation, Inc. "Taking a more aggressive approach toward fiscal matters -- such as debt management and expenditure reductions -- will further help Innova and CoroWare focus on growing sales and achieving profits."
Positioned for Growth
CoroWare continues to offer Innova an effective means of achieving its tactical objectives and strategic direction. Since its inception, CoroWare has doubled its gross revenues annually. In order to further drive the next wave of sales growth, CoroWare has reorganized into three business units that are each pursuing significant market segments:
-- Enterprise Business Solutions, whose focus is on the delivery of
solutions and services, such as Information Technology Infrastructure
Optimization, that help enterprise customers maximize the benefit and
reduce the risk of automated business solutions.
-- Robotics and Automation, whose focus is on professional services for
unmanned autonomous vehicles, remote sensor networks, and humanoid robotic
platforms; and the CoroBot product line for university, government and
commercial researchers and developers.
-- Advanced Technology Group, whose focus is on customer program
management, business management, and release management services that help
CoroWare's customers, including Microsoft, develop and deliver
sophisticated products and complex solutions.
In addition, CoroWare is making investments in its infrastructure to help sustain their growth rate by improving the overall business results through the use of improved management tools, recently expanding to Europe with the opening of an office in Dublin, Ireland, and expanding the sales and marketing capacity of CoroWare with a new Vice President of Sales.
"CoroWare reached an important milestone this year when it tripled the number of long term customer contracts and commitments compared with a year ago," said Lloyd Spencer, president of CoroWare. "By reorganizing CoroWare into business units that are each pursuing long term business relationships with their customers, I believe CoroWare is well positioned to continue and potentially exceed its current pace of growth."
CoroWare shall continue to address significant markets with high growth potential by focusing its professional services and solutions development efforts on two key initiatives in the coming year:
-- Infrastructure Optimization, with a focus on providing mid-size
businesses with a new approach to maximizing the benefit and reducing the
cost of their Information Technology investments. CoroWare's initiative
addresses a subset of the very large IT Management marketplace and
addresses the following customer needs: Identity and Access Management,
Desktop, Device and Server Management, and Data Protection and Recovery.
-- Mobile Robotics, with a focus on delivering platforms and solutions
for the university, government, and commercial researcher and developer
community. This initiative addresses a subset of the large and rapidly
growing mobile robotics marketplace and shall be supported through the sale
of professional services and mobile robot platforms.
We believe sound business strategies implemented properly will get us to our goal of a high-growth Software and Software Professional Services company enjoying strong revenues, positive cash flows, an improved balance sheet, and reported profits. These are challenging goals for 2008, but we believe they are achievable with proper execution and allocation of resources.
Load up boys & girls, this thing is just warming up. Easy tenfolds here...
This POS is gonna be the hottest POS in the penny land, one day when this Calkins circus is over.
Thank you for your concern