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We're slowly creaping up...Breakout is soon to follow...I have a really good feeling about tomorrow...:-)...zo...
Posts: 1025 | From: los angeles | Registered: Sep 2003
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Hey Farhad.... Everything good? Sent an email a couple days ago to management about filing deadline. No answers yet... although they are usually quick with email responses. Do you have that date handy? ADPR is real slow out of the gate this morning... no volume yet! The calm before the storm, no doubt!! salemm.
[This message has been edited by salemm (edited April 29, 2004).]
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It is suppose to be out within 7 days...Most likely next week...I will be calling Mr. A****o about it after 11 am today...I'll will update you guys...zo...
Posts: 1025 | From: los angeles | Registered: Sep 2003
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BUMP. No volume! Zeroooooo. Big spread (2cents). Upcoming financials (next week??). Looking for big gains when they file 10K... but that's no garantee either. C'mon ADPR... MAKE SOME NOISE! salemm. ----------------- One hour, 22 minutes later... Still very low volume... spread at 3 cents. Hey Farhad... any words of wisdom? salemm
[This message has been edited by salemm (edited April 30, 2004).]
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What is going on?!!! I can't believe this spiral downward. Any idea when we may see some positive PR's to rite this ship? Thanks!
Posts: 61 | From: Baltimore, Maryland | Registered: Feb 2004
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- a/s going to 500,000,000 (that's five hundred million!!); - 5,000,000 preferred stock issued; Check their filings... it's not what I was expecting! salemm Posts: 783 | From: Ottawa, Canada | Registered: Feb 2004
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Yes...THe price deop is mainly because of that news about Outstanding Shares...But I'm hoping the it will keep it's .10 support...It has been bouncing off of .10 and going up the last couple of months...I'm hoping for that again...I emailed Investor relations about the Financials, and they still have not got back to me...I will update as soon as they do...Farhad...
Posts: 1025 | From: los angeles | Registered: Sep 2003
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These are a few seperate sections, cut out from the filings:
----------- New accountant prepares audit:
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the financial statements, the Company has incurred net losses from operations and has had negative cash flows from operations, and has a net capital deficiency. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. ---------- The Proposals which are the subject of this Information Statement are as follows:
2. That the Articles of Incorporation of the Company be amended in the form attached as Exhibit A to this Information Statement to amend Article Four of the Articles of Incorporation to increase the authorized number of its shares of Common Stock to five hundred million (500,000,000) shares;
3. That the Articles of Incorporation of the Company be amended in the form attached as Exhibit A to this Information Statement to amend Article Four of the Articles of Incorporation to authorize the issuance of Preferred Stock, with a par value of one-hundredth of one cent ($.0001) per share. The number of shares of Preferred Stock which the Company will be authorized to issue is five million (5,000,000) shares.
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It wasn't news, exactly. It was just filed with SEC. Of course, company does not really want to announce this through a PR. As for what to do... good question. I'd like an answer to that too! salemm.
quote:Originally posted by beginner: I didnt even see this news?? 500M o/s? when did this come out?
Should we get out at .11 before i lose more, or hold off a little longer??
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