MACD going to cross... they are just about to kiss.
Stochs crossed and heading up.
RSI turned up nicely.
Posted by FatherOfTwo on :
Per the filing,
177,188,665 O/S
Posted by FatherOfTwo on :
Today a Umbrella was formed. The long lower shadow shows the evidence for buying pressure, but the position of low price indicates that plenty of sellers still are around.
The last candlestick formed a Bullish Dragonfly Doji Pattern . This is a bullish reversal pattern that marks a potential change in trend.
A. Bulls has this one as a BUY-IF too!
Posted by FatherOfTwo on :
I like the chart. I may get me a little this afertnoon.
Great pick here. Any idea if news will be coming soon?
Posted by FatherOfTwo on :
Today's Opinion: 32% Sell Yesterday's Opinion: 56% Sell Last Week's Opinion: 8% Sell Last Month's Opinion: 72% Buy
Moving in the right direction..... It looks like it bottomed out and is heading up... todays MACD kiss indicates that!
Posted by FatherOfTwo on :
Amer Bulls still listing as a Buy-If.... Once a little buing pressure comes in, this one will go!
Shouldn't be too long before people see the chart!
Posted by will on :
Posted by will on :
Indicate the number of shares outstanding of each issuer's classes of common stock, as of the latest practicable date: 500,000,000 issued and outstanding as of November 30, 2005.
quote:Originally posted by FatherOfTwo: Per the filing,
177,188,665 O/S
Posted by FatherOfTwo on :
quote:Originally posted by will: Indicate the number of shares outstanding of each issuer's classes of common stock, as of the latest practicable date: 500,000,000 issued and outstanding as of November 30, 2005.
quote:Originally posted by FatherOfTwo: Per the filing,
177,188,665 O/S
Will you read it wrong... 500 Mill is the authorized... from page #1 of the filing:
"...Common stock, $0.001 par value, 500,000,000 shares authorized, 177,188,665 shares issued and outstanding..."
Posted by FatherOfTwo on :
From page two of the filing... they even indicate the number of O/S from each of the past 2 years:
Weighted average number of common shares outstanding - basic and diluted
Sep 30, 2005 Sep 30, 2004 177,188,665 174,788,730
Posted by will on :
I didn't misread anything. I copied and pasted the information from the 10-QSB period end date 9/30/05. However, they also included an update of the issued and outstanding as of 11/30/05. The financials on page 2 only cover to 9/30/05. The 500,000,000 O/S is accurate as of 11/30/05 according to the 10-QSB filed 12/1/05.
Posted by will on :
From Sept. 30, 2005 to Nov. 30, 2005 they issued the balance of the A/S which was 322,811,335 to bring the O/S to 500,000,000.
This information is required on the very first page of a type 10 filing, (other than an NT type 10). NT being a request for an extension on filing a 10Q or 10K.
There was also a 3/A Filing 11/17/05, and a SC-13D Filing 11/17/05
They were issued and are O/S, according to the 10-QSB.
I'm still trying to sort out the SC-13D that involved Series B Convertible Preferred Stock in the amount of 20,009,679, equal to the voting power of 1,776,788,095 shares of common stock of the Issuer. It's a pretty muddled filing.
....but the fact still remains that in the period from 9/30/05 to 11/30/05 the 322,811,335 were issued and are outstanding.
Posted by will on :
From the SC-13D filing:
ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF CGPN AND THE CGPN STOCKHOLDERS
CGPN and the CGPN Stockholders hereby represent and warrant, jointly and severally, to Skystar and the Skystar Shareholders as follows:
4.2 Capitalization . CGPN’s authorized capital stock consists of 550,000,000 shares of capital stock, of which 500,000,000 shares are designated as Common Stock, of which 500,000,000 shares are issued and outstanding and of which 50,000,000 shares are designated as Preferred Stock, of which 2,000,000 shares of Preferred Stock are issued and outstanding. When issued, the CGPN Shares and the securities into which the CGPN Shares can be converted into will be duly authorized, validly issued, fully paid, non-assessable and free of preemptive rights. There are no outstanding or authorized options, rights, warrants, calls, convertible securities, rights to subscribe, conversion rights or other agreements or commitments to which CGPN is a party or which are binding upon CGPN providing for the issuance by CGPN or transfer by CGPN of additional shares of CGPN’s capital stock and CGPN has not reserved any shares of its capital stock for issuance, nor are there any outstanding stock option rights, phantom equity or similar rights, contracts, arrangements or commitments to issue capital stock of CGPN. There are no voting trusts or any other agreements or understandings with respect to the voting of CGPN’s capital stock. There are no obligations of CGPN to repurchase, redeem or otherwise require any shares of its capital stock as of the Closing. At the time of closing, no shares of Preferred Stock will be issued and outstanding other than the Preferred Stock to be issued pursuant to Section 1.1 of this Agreement
Posted by Upside on :
quote:Originally posted by will: I didn't misread anything. I copied and pasted the information from the 10-QSB period end date 9/30/05. However, they also included an update of the issued and outstanding as of 11/30/05. The financials on page 2 only cover to 9/30/05. The 500,000,000 O/S is accurate as of 11/30/05 according to the 10-QSB filed 12/1/05.
That's correct. The filing is for the quarter ended September 30th and at that time there was 177 million out. The filing date is 12/1 and on that date there were 500 million out. So yes, they did dilute by some 320 million in a two month period.
Posted by Upside on :
So now they're completely out of shares to issue. Anyone care to bet this will be followed with a PRE 14C filing soon?
Posted by bill1352 on :
they also did a deal in which 2 ppl hold preferred shares that can total 4 billion common share. the 1 Will posted for 1.77 billion & this 1 for over 2 billion. they need to change the articles of incorporation to 4.5 billion to cover all possible common shares as stated. the deal was done with a Caymen island company Skystar that it appears is owned by 2 chinesse guys. 4 billion shares soon to be owned by offshore ppl./...not a good sign for the future.
Form 3 - Xinya Zhang Xinya Zhang is a Director on the Board of Directors and a shareholder of Upform Group Limited ("Upform Group"), which in turn is the record owner of 22,627,192 shares of the Company's Series "B" Convertible Preferred Stock ("Series B Preferred") or 47.14% of the Series B Preferred stock. Upon the effective date of the Company's filing of an amendment to Company's Articles of Incorporation increasing the number of shares of Common Stock the Company is authorized to issue that is sufficient to permit full conversion of all Series B Preferred shares into shares of common stock ("Conversion Event"), each share of Series B Preferred outstanding shall automatically convert to shares of the Company's common stock. The Total Aggregate Number of Series B Preferred outstanding shall be converted upon the Conversion Event into an amount of shares of the Company's common stock equal to 89.5% of the total outstanding shares of the Company's common stock at the time of conversion; with each holder of the Series B Preferred receiving their share of the Company's common stock, as converted, pro-rata, in proportion to their ownership of shares of the Series B Preferred. As of 11/7/2005, if converted, the 22,627,192 shares of Series B Preferred stock would convert into approximately 2,009,061,905 shares of the Company's common stock. Mr. Zhang exercises shared voting and dispositive power over the shares. Mr. Zhang disclaims beneficial ownership of the shares owned by Upform Group except to the extent of his pecuniary interest therein
[ December 13, 2005, 00:33: Message edited by: bill1352 ]
Posted by will on :
Clever Mind International Limited ("Clever Mind") is the record owner of 20,009,679 shares of the Company's Series "B" Convertible Preferred Stock ("Series B Preferred") or 41.69% of the Series B Preferred stock. Upon the effective date of the Company's filing of an amendment to Company's Articles of Incorporation increasing the number of shares of Common Stock the Company is authorized to issue that is sufficient to permit full conversion of all Series B Preferred shares into shares of common stock ("Conversion Event"), each share of Series B Preferred outstanding shall automatically convert to shares of the Company's common stock. The Total Aggregate Number of Series B Preferred outstanding shall be converted upon the Conversion Event into an amount of shares of the Company's common stock equal to 89.5% of the total outstanding shares of the Company's common stock at the time of conversion; with each holder of the Series B Preferred receiving their share of the Company's common stock, as converted, pro-rata, in proportion to their ownership of shares of the Series B Preferred. As of 11/7/2005, if converted, the 20,009,679 shares of Series B Preferred stock would convert into approximately 1,776,788,095 shares of the Company's stock.
1,776,788,095 is waiting to be converted from the Series B
Xinya Zhang is a Director on the Board of Directors and a shareholder of Upform Group Limited ("Upform Group"), which in turn is the record owner of 22,627,192 shares of the Company's Series "B" Convertible Preferred Stock ("Series B Preferred") or 47.14% of the Series B Preferred stock. Upon the effective date of the Company's filing of an amendment to Company's Articles of Incorporation increasing the number of shares of Common Stock the Company is authorized to issue that is sufficient to permit full conversion of all Series B Preferred shares into shares of common stock ("Conversion Event"), each share of Series B Preferred outstanding shall automatically convert to shares of the Company's common stock. The Total Aggregate Number of Series B Preferred outstanding shall be converted upon the Conversion Event into an amount of shares of the Company's common stock equal to 89.5% of the total outstanding shares of the Company's common stock at the time of conversion; with each holder of the Series B Preferred receiving their share of the Company's common stock, as converted, pro-rata, in proportion to their ownership of shares of the Series B Preferred. As of 11/7/2005, if converted, the 22,627,192 shares of Series B Preferred stock would convert into approximately 2,009,061,905 shares of the Company's common stock. Mr. Zhang exercises shared voting and dispositive power over the shares. Mr. Zhang disclaims beneficial ownership of the shares owned by Upform Group except to the extent of his pecuniary interest therein.
Another 2,009,061,905 shares is waiting to be converted from the Series B
So you have 500M O/S 1.776B waiting to be authorized through conversion 2.009B waiting to be authorized through conversion For a grand total of 4.29B, of which 3.79B are awaiting ammendment to the articles so they can be authorized and issued.
Posted by Upside on :