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interesting, time will tell I guess.
I think it is alot more than that, remember the SEC revoked the symbol, that is why I think it is dead.
well of course, maybe all they need to do is put out some financials...
Agree, don't get me wrong, I hope it will trade again...
not sure, but this is good news. In my opinion there was no reason for them to cancel it.
The share structure was so sweet and if they actually had operations going, it couldve gained some nice liquidity.
Will be interesting to watch, I had thought once the SEC revokes them they are done.....period...
great news guys JUST LOOK BELOW i got a reply from the board of directors ,they are getting the stock relisted asap so all is well
John,
We are working to get the stock relisted on the Pink Sheets ASAP.
Board of Directors
From: John Carson [mailto:johnstockmaster@yahoo.com]
Sent: Wednesday, October 12, 2011 8:19 AM
To: info@somersetinternational.com
Subject: Delisting
To
The board of directors
Somerset International Inc
Dear Sir is the company stock been delisted ,i as a share holder have no information nor there is any information given by the company to update the share holders
rds
John
No idea, I got stuck in it, they were current in filings too, can't figure it out....
IS THIS DELISTED? thats what major boards are saying,why was the company silent on all this
09:24 SOSI Somerset International Group, Inc. Common Stock 10/3/2011 100 12(j) Registration Revoked by SEC**
doesnt make any sense to me either. Not like they were repeat R/S offenders or anything
I know, Brich. It seems the SEC either uses a dart board or they go eenie, meenie, minee, mo. Despite vigorous complaints on many scams too many scams and scamsters get away with anything and everything fraudulent.
unreal! I see so many crap stocks trade for YEARS that RS and/or increase their AS to billions and billions without even a slap on the hand by the SEC!
happens, thats why its pennyland. It will make for a nice run when they decide to go current pop back on...
"JUST GETTING ATTENTION *****I am certain something is cooking here"
You were so RIGHT! Although, I don't think this was the "ATTENTION" you were expecting, or what you thought was "cooking here".
Gosh. And from all the posts written here, I thought for sure this one was going to be a winner.
Not a weiner.
AGREED 100%. This is the beginning of something BIG imo...
JUST GETTING ATTENTION the float here is too tight and we could see that the MMs drive the price down below .01 and even at .002 but these trades happen only through lead MM and within themselves i am sure no body gets shares at this price
I am certain something is cooking here
I remember when i first bought VKNG the ask used to be 0.007 but i had to always bid above .01 to get some shares and after a month it made that rally to $1.10
things look similiar here and the float infact is much tighter then VKNG are we smelling a monster run here?
First few days of real trading starting today...We saw how thin it is...moves crazy quick even on low volume.
Last couple days before we move out of this range imo...
Started out looking great this morning bud! Working through a few whackers here.
alot more eyes on SOSI here....and rightfully so.
With this SS, anything could happen!
agreed everything is in order here...Developments are on the way as well.
Its like instant pancakes....but just add volume.
Makings of a BIG one here
SOSI here is undervalued. Market value of only $350K, and they have assets and revenues? Total assets for period ending March, 2011 were :
TOTAL ASSETS $ 3,548,832
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7952694
Even a shell company without any assets goes for more than that.
Look at this price list for shells. With much more imo unattractive share structures than SOSI.
http://www.mergernetwork.com/index/public-shell-companies-for-sale/
Wow lobo, strong low floater that you found here. On the OTC/QB, and fully reporting. I'm impressed.
It's also a security company, and with the economy the way it is, and crime rates going up personal security companies should be a growing sector of the market.
nice share structure...looks like peeps are holding -
sure is El Lobo:)
Super thin here! After .015 was knocked out, .045 was the next ask!
wouldn't pay to sell below .01, imo.
Whoever is bidding at .004 might wanna raise that bid.
Not selling for under a penny.
Nice update El Lobo! Thanks!
5 boardmarks, hmmmm Should have known...
later
yea TA told me the OS was exactly the same as on OTCmarkets.
Like you said, from our estimates, float is around 12 mill
T/A should have told you the O/S and float I would have thought but if not, per last 10Q:
As of May 20, 2011, there were 23,348,655 shares of the registrant’s Common Stock, par value $.001 per share, outstanding.
23.3M less the 10.7M for the two officers per form 5s, leaves the float at around 12.6M per my estimate.
This could make a substantial move IMO....
Just got off the phone with TA....OS unchanged and OTCmarkets is up to date.
With insiders only AT LEAST 10 million...does that make the float at or under 10 million?
This could be a real nice one:)
Another Form 5 out for SOSI, guy has 5 million shares, nice!
http://ih.advfn.com/p.php?pid=nmona&article=48458259&symbol=SOSI
Gotta start some snooping on this one.
Thanks Mike I was trying to sneak in here and you and the Car ran me over at the bid. lol
I am liking this one and watching it very close.
Dave
Post filter tells the tale C Man IMO .... Momo today ...
Just collecting for future big move ..
Have a Good weekend !!
CYA 3res
.011 , we know it moves up Fast !!!!
dunno wat started the run today ??
Ask is still thin, any volume and we are back at HOD
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Somerset International Group, Inc.
90 Washington Valley Road
Bedminster, NJ 07921
http://www.somersetinternational.com
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Somerset International is a security technology holding company formed in 2004 to address the increasing demand for new products and services to protect the general population, including institutions, hospitals, schools and government agencies against emergency situations such as terrorism, fire, and crime. Somerset’s portfolio companies include:
Secure System, Inc.
Secure System, Inc. designs, manufactures, installs and maintains wireless proprietary personal security systems for colleges, mental health facilities, housing developments and other high traffic areas where potential for crime exists.
Meadowlands and Vanwell
Meadowlands Fire, Safety and Electrical Supply Company and its sister company, Vanwell Electronics, Inc., specialize in the distribution, sale, installation and maintenance of commercial fire and security equipment and systems that include fire detection, video surveillance, and intrusion alarm equipment.
Fire Control Electrical Systems, Inc.
Fire Control Electrical Systems, Inc.specialize in the distribution, sale, installation and maintenance of commercial fire and security equipment and systems that include fire detection, video surveillance, and intrusion alarm equipment. We also provide products ranging from amplifiers and speakers used in foreground and background music systems, to mixers, wireless microphone systems and digital processors used in sound reinforcement, to integrated intercom systems for security and communications.
June 30, 2010 | December 31, 2009 | |||||||
(Unaudited) | (Unaudited) | |||||||
ASSETS | ||||||||
Current Assets: | ||||||||
Cash and cash equivalents | $ | 13,237 | $ | 43,633 | ||||
Accounts receivable, net | 585,359 | 572,548 | ||||||
Inventories | 662,088 | 615,379 | ||||||
Prepaid expenses | 108,100 | 84,208 | ||||||
Other current asset | 10,365 | 10,265 | ||||||
Total Current Assets | 1,379,149 | 1,326,033 | ||||||
Property and equipment, net | 112,630 | 127,617 | ||||||
Other Assets: | ||||||||
Deposits | 7,120 | 7,120 | ||||||
Deferred financing costs, net | 67,513 | 116,676 | ||||||
Customer lists, net | 726,847 | 1,024,221 | ||||||
Goodwill | 2,200,355 | 2,200,355 | ||||||
Total other assets | 3,001,835 | 3,348,372 | ||||||
TOTAL ASSETS | $ | 4,493,614 | $ | 4,802,022 | ||||
Three Months Ending June 30, | Six Months Ending June 30, | |||||||||||||||
2010 | 2009 | 2010 | 2009 | |||||||||||||
Revenues | ||||||||||||||||
Equipment sales | $ | 429,497 | $ | 319,487 | $ | 742,321 | $ | 756,937 | ||||||||
Installation and service revenues | 87,278 | 290,888 | 200,687 | 513,831 | ||||||||||||
Contract revenues | 419,649 | 405,690 | 855,276 | 833,248 | ||||||||||||
Total revenues | 936,424 | 1,016,065 | 1,798,284 | 2,104,016 | ||||||||||||
Costs of goods sold | ||||||||||||||||
Material cost of systems sold | 220,578 | 201,561 | 360,370 | 467,502 | ||||||||||||
Install and service costs | 215,344 | 141,334 | 401,963 | 300,334 | ||||||||||||
Engineering and development | 27,349 | 30,962 | 57,311 | 60,801 | ||||||||||||
Total costs of goods sold | 463,271 | 373,857 | 819,644 | 827,637 | ||||||||||||
Gross margin | 473,153 | 642,208 | 978,640 | 1,275,379 | ||||||||||||
Selling, general, and administrative expenses | ||||||||||||||||
Selling, general and administrative expense | 503,326 | 620,468 | 1,015,746 | 1,396,544 | ||||||||||||
Depreciation expense | 6,545 | 10,859 | 14,096 | 21,718 | ||||||||||||
Amortization expense | 173,269 | 193,955 | 346,538 | 387,910 | ||||||||||||
Total selling, general, and administrative expenses | 683,140 | 825,282 | 1,376,380 | 1,806,172 | ||||||||||||
Loss from operations | (209,987 | ) | (183,074 | ) | (397,740 | ) | (530,793 | ) | ||||||||
John X. Adiletta, President & Chief Executive Officer Lance K. Berkheimer, President of Vanwell Electronics, Inc. & Meadowlands Fire, Safety, and Electrical Supply Co., Inc. Robert M. Ryan, Vice President and General Manager of Fire Control Electrical Systems, Inc. |
• University of Bridgeport
• State of New York Department of
Mental Health and Mental Retardation
• Danbury Hospital
• College of Staten Island
• Jersey City Housing Authority
• Passaic County Community College
• South Orange / Maplewood School District
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