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elcheepo

06/23/10 8:22 PM

#12616 RE: malamutus #12613

Good post...your frustration is shared with many.
If Mel came clean it would certainly make understanding what is going on a lot easier....and perhaps entice some bottom dwellers, but the ones I know who are bottom players don't want to touch this with a 100' pole! Too much uncertainty.

It is great to here goingup received a machine! that is a glimmer of hope.
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RoadLessTraveled

06/23/10 11:58 PM

#12631 RE: malamutus #12613

Screenshot of AS & stock amendment filing notice from Delaware. Sorry for the delay but I got interrupted while trying to figure out how to post the image.

Actual filing can only be obtained by snail mail but it should be pretty obvious by now what it says especially since the new AS is becoming common knowledge. Even Rich finally has this info.

With hindsight being 20/20, I probably should have searched for this back when the AS question was raised weeks ago but...

I also understand how Mel did not need a shareholder vote to increase the AS as long as he had the commitment of 50+% of the shares needed to do it since that was my experience when I was part of such a group with another company as a large shareholder. In that case, I know the CEO would have made public any such information unlike what we have seen here.

Hey, Mel...there are a lot of us shareholders who believe in the future of the company. How about trusting us a little more with what is going on? Like maybe the current amount of the Float?

And it wouldn't hurt either to spend some of those share revenues to get the current financial filings up to date. The SEC likes to every so often poke around to find companies that have become too delinquent.


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Icanslim

06/24/10 12:21 AM

#12637 RE: malamutus #12613

yep...a vague PR indeed. a numbers PR may be the next 'story' which will generate a run past 0022, I'm forecasting. Do Longs continue holding or bail thereafter?

For me in the otcbb and pinks arena (especially pinks) it's all about the share structure (a viable product helps). Did Mel raise the share structure to finance more machinery/pay some salaries? I hope to make more machines. nothing wrong with that.

but to raise the A/S (has I have read)without some kind of acknowledgement to shareholder and instead PR that a 'forensic review' was needed to find the stock's price manipulation, well that, that, smells of Stinky Pinky. If the A/S have risen there in lies the 'downward price' move since late April or when the A/S count was raised.

BUT, I think this PopCorn idea carries some weight so I'm staying Long for a while longer.