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It looks like many people have been posting what they've heard from the company. If I choose to post what I've heard that is my choice. If others choose to post what they've received in emails and phone conversations, they may do so as well. You should contact the company and get the answers yourself. That's up to you.
Call and ask the CEO. I posted what I was told in the past just as others have. That's all I know. The company is being very tight lipped. It sounds like they've been communicating with others. You may want to send them an email or call them for answers.
Agreed. An update from the company would be very welcome.
Your guess is as good as mine. I have no idea.
Well, at least they'll be doing a monthly update aside from PRs. I'm hoping that's a good thing :)
Folks, please stay on topic. I agree it is frustrating to see a dropping stock price. But its always this way on these boards. Everyone's happy when the stock price rises and everyone unhappy when it drops. Stock prices go up and down. That's how the market works. No stock goes straight up. I wish they did, we would all be rich. Please take any off topic posts to PM. Thanks very much.
We know the o/s has increased. We discussed it when the 10Q came out in November.
What board tension? One shouldn't be making their investment decisions on what anonymous people on a message board say. You should do your own DD and make your own investment decisions. I believe this run is just beginning. JMHO.
Was this confirmed in your call to the company today? Thanks.
New to this stock. Has anyone confirmed that news is out next week? If so, what are people expecting. Thanks for any info you can provide.
As has been discussed on the board pretty extensively, we know that dilution is happening just based on the previous 10Qs and the nature of their CDs. Over the last year, it has been very controlled dilution and they've used that money very wisely thus far creating a software product and going to market with it. So, I would imagine there is some dilution happening until they develop a strong revenue stream.
We saw o/s go from 71 mil (aug 07) to 100 mil (nov 07). I would imagine there has been more dilution to date as they ramp up sales, but I'm hoping it has continued to be controlled.
The company is doing fine. It's just the stock that's tanking. It can happen after a big run like it had from sub penny to penny. That's how these stocks work unfortunately. I would imagine we'll see it back in the multi penny range in January. JMHO. GLTA.
The CEO is intent on running the company and making it a success. I can't imagine he has much time to answer every investor question. They've made great strides in a short period of time. Let them continue with their business plan. People seem to want minute by minute updates. Companies don't do that, they run their company.
From my understanding, he's working on many things for the company. I believe we'll be seeing an update this month on the things they're doing.
Not true. Please stick to the facts.
Your statement below is false:
there are over 5 billion shares that can hit the market every day consistenetly..
All stocks go up and down. That is how the stock market works.
ARCA's picking up a bunch here.
Yes, I believe we do understand. It has been very clear and we've discussed it extensively.
This is a new company as DealerAdvance. The new CEO has turned the company around with a new software products, sales and market traction.
It is spelled out in every 10Q as it should be. We've seen it and understand it.
Thanks.
I believe the company and CEO are working extraordinarily hard to make this a very successful company.
We've discussed dilution in earnest over the last couple of months and its a very good point of discussion. As we saw from August 07 to Nov 07 the o/s increased from 71 million to 100 million o/s. We know that they are diluting in a very careful way to fund the company. They've obviously used the money very wisely and continue to do so in my opinion. They are growing the company in a very rapid manner and going to market with their products in a big way.
Hopefully, they will be at a point soon where they will retire this debt. GLTA.
Also, to clarify, there are no billions unregistered floating about. This has been confirmed with the company.
But you seem to have stated it as fact, so, hopefully, you have the documents in hand to prove. Thanks. GLTA.
I believe they are part of the registered as soon as they are exercised. Please ensure your facts are correct.
It's interesting that you've now added the caveat at the end of your last post that its just your opinion (OF WATCHING OTCBB STOCKS AND UNREGISTERED SHARES). Are you sure you've got your facts straight? And you know of this particular company which you have made these allegations?
Well, you've made some pretty serious and concrete allegations and we need to make sure that what you've stated as 'fact' can be verified. If not, then this needs to be investigated further. Thanks. GLTA.
Yes, we do know this. It is very clear. We understand that there is dilution. This has been going on if you read the previous 10Qs. It is controlled and the company is using the financing wisely to have already developed and go to market with their software products. This has been discussed extensively since November.
On May 30. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock
o On June 20. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock
o On July 25. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock
o On August 31. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock
o On September 21. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock
o On October 11. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock
Actually that's not the case. There are no unregistered shares floating around whatsoever. This has been confirmed with the company. Let's stick to the fact please.
Those numbers are based on if they don't pay the debt within the next 3 years. Those shares have not been sold into the market or even part of the o/s. If you like to read 10Qs and like to post facts, then you should at least have the correct facts.
Your facts are incorrect. The 4.2 billion have been withdrawn from the authorized at this point in time. Not one share of those 4.2 billion have been sold. It's important to get your facts straight. Also, the CEO does not make $360K, he makes $100K.
Well, it relates to the fact that your 'facts' keep changing. First the CEO made $360K, now he makes $100K, etc.
Also, that 4.2 billion was withdrawn from the authorized at this point in time. Those shares have not been issued, nor have they been sold. That is definitely a fact which I've confirmed.
They were not converted and they were not sold. That is a fact.
That's not the case. Just give the company a call and they will confirm. The debt has been withdrawn and the 4.2 billiion wiped out. This was debt from Stronghold Technologies not Dealeradvance. This was done back in Feb 2006. Need to get your facts straight.
It's been withdrawn and no shares were ever sold:
No sales of any of the Company's securities have been completed and the Registration Statement has not been declared effective by the Commission.
It sounds like you may have an agenda. Not sure why you care so much and show up every evening to bring up the same subject. Interesting indeed.
Just a note regarding the shares. There are no unregistered shares whatsoever. The company chose to withdraw the 4.2 billion convertible debt. Its important to remember that this debt is from Feb 2006 and has nothing to do with the current CEO. He inherited this type of debt and seems to be doing a very good job of eliminating it. 4.2 billion convertible debt is gone. From the SEC filing:
"No sales of any of the Company's securities have been completed and the Registration Statement has not been declared effective by the Commission."
This is a fact and, ironically, this detail seems to elude some. Let's stick to facts.
Read the SEC filings its all there. GLTA.
Not true. There are no unregistered shares. Let's try to stick to the facts and not make things up. Thanks.
Please stay on topic. All off topic posts and other TOU violations will be removed. Much appreciated.
Interesting, ARCA with a big block of .08 at the ask. Anyone see that?
We've discussed this topic extensively. It is not necessary to keep reposting the same info.
We know about the financing. We've known about it and have discussed it at length since the last 10Q came out in November. No need to keep reposting it.
We also know about the S8s. Most of it was for employee options and bonuses (all restricted). 8 million was to pay for consultants assisting them enter the european market.
It was a buy at the ask of .0089
That is not a fact and completely untrue. Please get your facts straight and read the 10Q. Yes, the stock was down today and nobody likes to see that, but let's not start making things up.
Nearly every stock I purchase, I usually buy at the bid. Its sound investing. Every trade has a buyer and seller.
Not really. When I buy a stock, I usually buy at the bid and often get filled. That's how the market works.
Thanks for that post. When did you speak with Dave Wange, CFO? Thanks.
Here's a link to their booth at NADA, they are next to the Motorola booth:
http://expo.nada.org/nada2008/Public/floorplan.aspx?MapID=16&BoothID=108413&Booth=2147W