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I think that Healthsport still has the only patent pending technology where their product does not need to be individually wrapped. If you take a look at the other OTC strips, they are all individually wrapped and very difficult to tear open. Listerine strips and enlyten strips/pediastrips are packaged the same because the pharmaceautical company that makes Listerine strips has a contract with the same company that Healthsport merged with last year. I still think that HSPO is way ahead of the game.
Hi, I have been watching this stock since January. Why do you think this company's stock is still flying way under the radar. There has been really positive news over the last couple of months but the stock price barely moves and the trade volume is still very low.
Where is the great press in the link that you posted? I did not see it.
I agree. The company that I work for has gone through one merger since I've been employed with them and is currently going through a second. The current merger was first announced back in September 2006 and will not be completed until December 2006, so as you can see these things do take time.
Another poster stated that all reference to ecarfly had been removed from completeauto and eautodrop's website. I had also taken notice to this. It was there one day and gone(literally) the next. What thoughts do you guys have on this?
Okay...I just found the (214)292-6622 number but the other number was also listed as an alternate on one of the press releases.
Ecarfly# 1-877-322-7359
Complete Auto# 1-407-568-3212
I just called ecarfly's contact# and it is temporarily out of service... went on to call complete auto's# and could only get an operator. She did not have any answers concerning ecarfly except that when I asked about the merger she said it was still pending. She did not know when there would be a pr.
I kind of got the feeling that she was told to tell anyone/everyone that called about the merger to say it was still pending. She sounded coached.
Thanks guys for the information. I currently trade with Scottrade and will be looking into the level 2 qualifications/fees.
I'm sorry, I'm fairly new to trading stocks. What is level 2?
Legacyinvestor-Again ,today I ask this question. What website are you guys watching that shows who is selling/buying and how many shares are being traded?
Kewlman - Which website are you watching that shows which groups are buying/selling and the number of shares being traded?
A "reverse merger" is one where at least 51% of the ownership interests of the private company is acquired by the shell company in a transaction where at least 51% and sometimes up to 90% or more of the shell companies stock ends up in the hands of the shareholders of the private company at the conclusion of the transaction. The "shell" company is the survivor because only its shares have the right to trade in the public market but the shareholders of the private company are now in control. They can then change the name of the company to the name of their company and elect their nominees to the board of directors.
Sometimes companies have cash remaining as an asset when the other assets or business has been sold and on occasion the issue less than 50% of their shares to acquire all of the stock of the private company. These are not "shell" transactions but mergers or acquisitions depending upon the structure.
Shells are occasionally used as vehicles to promote fraud. A "promoter" owns a large percentage of shares in the shell which are often the only shares initially permitted to trade in the public market. The company hires a public relations firm to bombard stock brokers and potential shareholders with exaggerated claims as to the potential of the new company. After the "promoter" has sold his inventory of shares, the price of the stock drops, and the investors are left holding the bag.
Almost the same scenario often happens in the IPO market. Only a small portion of the total outstanding shares are sold to the public at a price only justified by wildly optimistic projections. When the forecasts are not realized, and when management is free from "lock-ups" a large supply of stock comes on the market , the price drops dramatically and again investors are left holding the bag.
The stock market operates under the laws of supply and demand. If you are contemplating a shell transaction, make certain you know where the unrestricted stock is, when it will hit the market, and who is going to buy it and why they will do so. Companies that are losing money should not attempt a shell merger transaction unless they know for certain where the money is going to come from to pay for all the losses until they reach break-even!
I found this little tidbit about reverse mergers on a website...interesting.
Rheddle, has anyone on this board talked with Desmond or any legit person from Completeauto recently(today)? I remember reading that someone had Desmond's personal cell#.
Dgbbld1, I saw this on RB board. What do you think? It does not sound good.
"dgbbld - Will you call Mr. Milligan again on his cell phone and ask him the status of the merger with completeauto?
The reason I ask is that I called completeauto in Florida and the lady who answered the phone told me NO deal is done and that they have been calling ecfl and have received NO response.
I called ecfl and only got a recording.
See if you can get any up to date FACTUAL information from Mr. Milligan and let us shareholders know what is going on. Thanks."
Dgbbld1- did you not post this message on ragingbull board?
Hi, I'm new to this board and I am also very interested in those answers too.