posted
As of the date of the Consent by the Majority Stockholders, March 8, 2006, the Company had 158,461,142 shares of Common Stock issued and outstanding, and there were no shares of Preferred Stock issued and outstanding.
----------- CEO had 17 percent of the shares....
Interesting, because someone, like myself who was accumulating, could have easily racked up that many shares...or been a 10 percenter.
Posts: 793 | Registered: Aug 2004
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posted
A/S increase...hmmmm not very good sign in short term! It was more a TA correction move friday...
Posts: 1335 | Registered: Oct 2003
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Forrest, I agree that A/S increase is not a good sign, however.........
The latest SEC filing was released around 3pm. I was reading the ADBN filings from the past all day long.
About an hour after I saw the unusual volume surge, I rechecked the SEC site, and there was the newest filing.
2 billion A/S, I don't like these companies with monsterous A/S limits.... I notice it doesn't faze too many here, but for me, in the short term, it sounds like ADBN will be ok.
My reason.
1. the current O/S is 158 million as stated in the latest filing. 2. Americana talked about adding new products to their line for sale.
3. Their going to have to pr soon to clarify the companies direction...
This is why I think it's ok short term.
We don't know yet what their plans of business are, but at least we know they are not folding up, as their defunct website would have led you to believe.
When I look at other companies, I won't name, who have 4 billion O/S and greatly exaggerated market Caps, I have no fear that my paltry holdings in ADBN, are in any imminent danger.
But for the record, I did sell 1/3rd on the run up, not for greed, but I like slow and steady, and will let the rest ride.
Posts: 793 | Registered: Aug 2004
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quote:Originally posted by TruthLiesWithin: Forrest, I agree that A/S increase is not a good sign, however.........
The latest SEC filing was released around 3pm. I was reading the ADBN filings from the past all day long.
About an hour after I saw the unusual volume surge, I rechecked the SEC site, and there was the newest filing.
2 billion A/S, I don't like these companies with monsterous A/S limits.... I notice it doesn't faze too many here, but for me, in the short term, it sounds like ADBN will be ok.
My reason.
1. the current O/S is 158 million as stated in the latest filing. 2. Americana talked about adding new products to their line for sale.
3. Their going to have to pr soon to clarify the companies direction...
This is why I think it's ok short term.
We don't know yet what their plans of business are, but at least we know they are not folding up, as their defunct website would have led you to believe.
When I look at other companies, I won't name, who have 4 billion O/S and greatly exaggerated market Caps, I have no fear that my paltry holdings in ADBN, are in any imminent danger.
But for the record, I did sell 1/3rd on the run up, not for greed, but I like slow and steady, and will let the rest ride.
Will also add, anytime a company plans on using stock to entice and keep employees, and other business related people, they need to protect share price too, so that it is actually worth something to them.
I know I wouldn't except toilet paper as payment.
Posts: 793 | Registered: Aug 2004
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