hopefully Vant's post helped you a bit;
Posted by: vantillian
In reply to: MOMO who wrote msg# 3425 Date:11/25/2007 3:21:07 PM
Post #of 3538
Board...important...
I just had a very good and very informative talk with Steve Carnes...he owns 40% of SHCM. It was a very good talk.
#1 - about the "SS" issue. NO SHARES HAVE BEEN RELEASED INTO THE OPEN MARKET SINCE THE LAST SS update. HELLO!!!!!!! The right-around-50-million float is accurate.
#2 - about the "TA" issue. Carnes was under the impression the information was available on pinksheets.com. I informed him it was not and he will look into it ASAP. FWIW, the TA is X-Clearing in Colorado and their phone number is 303-573-1000. I encourage anyone and everyone to call first thing tomorrow and report back to the board their findings.
#3 - about the "dealers-not-knowing-about-Revenge" issue. Whether they currently know it or not, a GM Revenge product CAN INDEED be ordered through ANY GM dealership. Carnes is working to provide me with the name and number of a GM "higher-up" that will confirm this. No matter what monkeyfrog or his all-wise father-in-law may produce tomorrow, the fact is that not all GM dealers have sold a Revenge product yet. Why? #1...Revenge is not beginning full production until early '08. #2...We are talking about 2,500 cars...and many of that number are not GM products. I have a hunch *wink, wink* that any other concerns on this issue will be MORE THAN ANSWERED by the Wednesday PR.
#4 - about SGLS dumping their shares of SHCM. #1. Steve says there is NO NEED for him to do this. #2. Even if SHCM went to $1 next week, Carnes has to file with the SEC and is limited to only selling 1% of his shares EVERY 90 DAYS. IOW, HE SIMPLY CANNOT DO WHAT THE NAYSAYERS AND BASHERS ARE WARNING ABOUT. #3. With the information he has regarding SHCM, it would be an absolute brain-dead thing to do at present anyway.
There it is gang. Buying more tomorrow. For sure.
The truth will set you free!!
