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Replies to #29502 on One Step Ahead
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Bo14172

02/05/05 1:39 PM

#29506 RE: Mach1cobra #29502

Mach I agree.

At least to my knowledge share issuance has to go through the T/A. Those that bashed and obviously supporting MM's and short sellers or wanted to try to get in lower than Thurusday close. (It didn't work...lol)

I'm glad you followed with the T/A as well which is further credible confirmation of the O/S according to him. Mach he quoted the A/S only to be the 5 million figure as filed on 2-2.

And you're so right, this is a simple one vs CMKX or others. I vowed to stay away from pinks this year, and go figure the only 4 I get burned on were pinks (BHSR, ITGJ, SSWH & GEMM). Although I do like GEMM alot! I know a lot of guys trade the pinks and do well. I just don't have the same luck.

Oh yeah...about being simple lol (got off track)...It's down to being one of 2 things as I mentioned in my last post. Call #1 certainly is in our favor. Call #2 to the company is pending and I plan to follow up again Monday.

OK, this is truly bye for now...LOL

Bo




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Lownumba

02/05/05 2:31 PM

#29520 RE: Mach1cobra #29502

So after the O/S trades nearly 20 times over in a day, it now has a market cap of less than 21 grand after a 47 percent gain.

That about right?
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Jim Bishop

02/05/05 2:34 PM

#29521 RE: Mach1cobra #29502

Mach did the t/a say that the authorized was still 500 million?

From filings I got the impression that they'd raised the auth to 1.9 billion and the preferreds to 50 million, but the filings are more than a little confusing.

I know the DEF14 says they planned to do those increases, and since they did an S-8 for 600 million I assume they did some sort of increase.


<edit> the last 10Q filed Nov 8/04 says:

"STOCKHOLDERS' EQUITY
Common Stock Par value $0.001 (1,900,000,000 shares
authorized,


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prospector777

02/05/05 4:02 PM

#29524 RE: Mach1cobra #29502

GLKCE...I have no Idea what pps range to set my GTC's at...range from .04 on up to .09??? Any ideas? maybe this thing will go to .20