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According to DC, the AF's are in progress but very much incomplete.
American Bulls Alternatives? Help a Newbie!
Not asking for "advice, recommendations or referrals", but if someone could "make me aware" of other companies that offer a product similar to that of American Bulls, so that I can do my own DD and make an independent, adult decision, it would be appreciated.
I have heard that there are products that are superior, I just don't know how to find them and where to start.
Great info/post! Thanks!
Patents: The word from JP is that the patents are legit but *pending, which supposedly is a good thing because the patents are confidential and unavailable to the public/corporate world and serves as a protection somewhat from giant tech companies.
*Pending is not the exact word he used, but it is a similar term. When DC posts personally in re his visit, he can explain better.
Dollar: You are welcome! Glad I could help.
nite all. thanx 2 my favs.
!!!!!!!News From DC Here! Now!!!!!!! (Repost In Case You Missed it Earlier)
Just got off phone w/DC. He is very comfortable and confident after his visit.
He spent 3 1/2 hours w/ Jim, also time w/ Tom & Dan = All great guys.
He will be posting, but not right away.
Patents are legit.
Gov't contracts are legit.
No dilution.
Jim confident all SEC issues will be resolved.
Jim confident that CKYS will not go to Greys!
Echo. That I personally am not sure about. I don't understand the whole suspension, resumption, delisting, Grey Sheets, MM, 211 process. I just posted what Jim relayed to DC, who in turn relayed it to me.
HUGE Stuttering Booyah to DC BASS!
Todd: No Problem! REALLY glad I could help.
Glad I could help! Finally.....
Tmac: 99.9% sure DC will NOT post tonite. He took many notes, he is tired and has much to digest. He just got home. It will be worth the wait, my friend!
Hi TMac. Always good to hear from you. Thanks. It's good to really contribute something this huge to the board. I'm glad that I could be of help to you personally.
All the credit goes to DC. I'm forever grateful to him for taking an interest in a newbie like me.
There is word on the AFs. DC will post if he chooses. I am not at liberty to post on that, but DC is "very comfortable and confident" as a result of his visit. He has much good news on many fronts!
He did not go into any details on the SEC invesigation, but did say Jim Plant was not overly concerned, the matter is being handles by his atttorney and that all issues will be resolved positively.
And NO GREYS!
!!!!!!!News From DC Here! Now!!!!!!!
Just got off phone w/DC. He is very comfortable and confident after his visit.
He spent 3 1/2 hours w/ Jim, also time w/ Tom & Dan = All great guys.
He will be posting, but not right away.
Patents are legit.
Gov't contracts are legit.
No dilution.
Jim confident all SEC issues will be resolved.
Jim confident that CKYS will not go to Greys!
i am on the phone w/ DC!
i'm assuming that you communicated with dc via phone or email. i am supposed to call him. is he okay? busy? tired?
dc said I could call him tonite or tomorrow nite. i aksed him to email when the time is good. i imagine that he will be tired. i dont want to call him at a bad time. he will post what and if he wishes. i will post only with his permission.
Government, Government, Government.
it's pretty obvious to me.
nice find/post/dd
i wonder how current that is......
echo: good points all.
echo: My bottom line is that I am hoping for the best but preparing for the worst. The best is easy and I like it alot. It's the worst that concerns me. I guess words like may, might, possible, etc end up getting pounded by other words like suspension, serious, misleading, and fraud.
echo: good point. i'm remaining cautiously optimistic. however, INVHO, this suspension is a gravely serious matter and one that I am not taking lightly. I may end up being wrong and i hope that i am. however, i strive to be realistic, to not be naieve and to not be a fool.
These 2 things are significant:
When can the SEC suspend a stock from trading?
When it serves the public interest and will protect investors, the SEC may suspend trading. For instance, the SEC may act when public information about a company is not current, accurate, or adequate. The SEC has acted when serious questions arose about a company's assets, operations, or other financial information.
Why would the SEC take such action when it knows it will hurt current shareholders?
Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes the public may be making investment decisions based on false or misleading information. Suspensions give notice to current and potential investors that we have serious concerns about a company. A suspension may prevent potential investors from being victimized by a fraud.
jeanette: I am waiting for DC to email me so I know when to call him.
greenspirit: IMVHNO, the fact that CKYS has had business transactions with the US Government could possibly seperate CKYS from other Pinkies and could possibly cause CKYS to be more closely scrutinized than other Pinkies. It's also possible that the SEC has a section/division that focuses on Pinkies, especially since so much has happened with the Pinkies in the past. It's possible that that SEC section/division, if it does indeed exist, monitors PRs, etc looking for certain claims/criteria. I swear I really don't know and it appears that it is difficult, if not impossible, to find out! IMVHNO = In My Very Humble Newbie Opinion.
I wish I knew more of the suspension process. Everything seems to be a mystery and done in a shroud of secrecy. I would love to know, among other things:
1. What triggers the SEC to look into a possible suspension?
2. How much time, energy and money is spent on DD on the SEC's part before suspension is mandated?
3. What and how much "evidence"(?) do they have to have before they suspend?
hotstocks: I'm sure the demands on his (DC's) time & energy will be many. I know he will do what he can, when he can. The choice is his. I can't "have him" do anything. I'm jut grateful that he has agreed to talk to me. Not many people on this board have done much to help my newbie butt. I feel obligated to very, very few. I think they know who they are.
I don't know the visit specifics. I understand DC won a contest or something? It doesn't really matter. Whatever it is, I'm curious as to what the itenarary is/what the tour does and does not include. I'll know tonite. Finally, if someone tells me "I just talked to Jim", I know I can beleive it!
echo: i will be speaking with dcbass this evening. IMHO it is doubtful that we will hear from him before then, but I could be wrong. I'm just going by what he communicated to me.
Phish: Thanks for the post. I'm not a basher, negative person or spreader of doom. I am a realist. I have a position in CKYS. I am very, very concerned about the SEC suspension/investigation. Obviously, suspending trading of a stock is a very, very serious matter and is not to be taken lightly by anyone. The SEC could be wrong and I hope they are. I don't want to lose my newbie money! IMHO, the SEC just does not suspend trading of a stock unless they have good reason(s) and that I had better be concerned. I'm sure the SEC is well aware of what the repurcussions are to a company whose stock has been suspended by them. Supposedly, suspensions are to protect us, the investors! I hope the SEC and me are both wrong! Let me be wrong! Please let me be wrong! I want to be wrong!
Hot: With all due respect, and find me another stock that hasn't had trading suspended.
Newbie has a question:
Without asking you for advice, recommendations, referals or anything like that, would someone be willing to "make me aware of" companies such as "American Bulls"?
I understand that they exist and that some are superior.
I am an adult, will do my own DD, make my own decisions and not hold anyone responsible.
Mr. D. Smyth (SEC) Called Me This Afternoon..
I had e-mailed Mr. Smyth yesterday and expressed my concerns in re the current situation with CKYS.
He called me on my cell phone at 1:40pm CST today. For what its worth, he is a very nice man.
Basically what he said was that "he could not give me any advice or information, he could and would email me the links to the SEC website and the web pages that contain the Suspension Announcement and Suspension Order documents and also the Fast Answers Section that deals with Trading Suspension".
In closing, however, he did tell me that "the SEC does not suspend trading of a stock unless they believe that there is a very good reason".
I bought/sold CKYS 10 times! from 12/13-1/31.
I'm a newbie, so I'm not a shorter, flipper, day trader et al.
I just could NOT make up my mind about this stock! I couldn't decide if it was sugar or $hit.
I got in "to stay" on 1/31. Now I'm woberding WTF!!! LOL!
I'm out till 4:00pmCST. GLTA Today!
Pig: No worries. Glad you were watching & paying attention. Good work!
Pink Sheets/Scottrade show "Suspended".