Replies to post #1967 on Act Teleconferencing Inc (fka ACTT)

[muscleshoals]

GM bro....nice post....common sense says Salas is not in this for thousands....hes in this for MILLIONS...and if he is successful....so are we...both have a vested interest in profitability...thanks bro...ACTT

[muscleshoals]

ACTT=$$$$...who will stand the test of time?

[ELEA]

Excellent post dutchman! -E

[rookiecrd1]

Correction here.

Salas via Dolphin Management purchased 160,000 preferred shares for $16 million over a span of 2 years. This money was then used to expand the business and pay down all debt. These preferred shares earned 9.55% quarterly in terms of their conversion ratio to common shares. At the time they were convertible to something like 21 million common shares, however now they convert to about 66 million shares because of the quarterly interest.

According to the 10K filed in 2007, the preferred shares stop earning interest in August of 2010. Is it just a coinsidence that ACTT started getting their filings up to date with the CO SOS a few months later? No!

Salas will need the share price to get to at least 27 cents per share just to break even

[rookiecrd1]

The $5 PPS that they paid was the company buying back shares of any investor who had under 100 shares. They did this in June of 2007 until filing the 15-12g. In order to file a 15-12g, a company must have under 300 shareholders. Paying $5 per share was the best way to get that number down far enough to file.

[hdsstocks]

179k share hit at .07 on the bid- short cover- now the .075x.08s are up. LOL