yeah, give us the scoop matto
Posted by matto on :
close almost hod next res. .12.13 after that is to the sky
Posted by coalkickin on :
Thanks Matto
Posted by madmoney on :
read the last 10Q carefully before investing in this!. see it at pink sheets.com look at the leagle procedings, and the lack of revenue, look at the failed attempt to buy into the gold mine and the sale of most if not all of their realestate holdings, small though they were. may be getting ready to dump massive shares on the market. little or no income from continueing operations, multiple R/S`s over the last three years, latest was 1 for 2000 in 08/05, former directors were penalized by the SEC for stock manipulation and barred from directing any publicly held companies according to the 10Q. think long and hard before jumping in. just my opinion though. do some DD and decide for yourself. good luck!
[ February 15, 2006, 17:34: Message edited by: madmoney ]
Posted by matto on :
BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 0.0470 ) according to the Rules of Confirmation.
Data provided by: End of Day Data
BUY CONFIRMED
0.0550 +0.0170 +44.74%
later!!!!
Posted by madmoney on :
I did not intend to imply you were pumping, i have deleted that line from my post. this does not change the facts. the 10Q speaks for itself! trouble is no one reads them! they see a post that this or that is moving and they just jump in. this will move alright, down!! back to 000`s were it came from! it has dropped since the R/S and should continue to drop. 83k in volume up a whole 16% wow! thats less than 4 grand oh boy!. I am shure you pic some winners and thats great but my OPINION is that this will not be one of them>
[ February 15, 2006: Message edited by: madmoney ]
Posted by RCAnalyst2007 on :
You might want to consider these values; -First time stock is above 50 day average -First time 200day average touch point -Very strong 30% or less closer to 200 day average. -ADX line is positive. -MACD is positive -30d-50d average crossing is positive.
I would say; -This stock is speculative but with awarding technicals is a value for profit takers. -Floating shares are very low. -Any big volume could move this stock to pre-split resistance levels which suggests between believe it or not $2.00 - $2.80. Don't be suprised by this I can count at least 200 stocks with that kind of trend. -What's amazing about this stock is 2 year high ($180,000).
I confirm the BUY but with the low floating shares, it is not going to be easy to accumulate. You can tell this from last 3 week accumalation. Last accumalation really create a pressure to stock price. We could see a new wide W pattern.
Posted by matto on :
Great assesment! Lets hope for this to break the resistance
Posted by matto on :
hey can check this one out and give me a breakdown on it! thanks in advance
matto been trying to get your opinion over at the PTSH board, what do you thiink??
Posted by matto on :
sorry bud getting ready for the am! i'll swing by
Posted by RCAnalyst2007 on :
To get to $2.00 - $2.80 range. Here is one of possible MM scenario.
-Open at around 0.20's and move up a bit to attract investors. Expect minor but hopeful news.
-Take the price to below opening and then days low of 0.14. This will create panic selling which will clear all the weak buyers left out there. -End of the day move up quickly and CLOSE around 30's
-Next day Open lower around 25's and clear up more buyers and then move up to high 0.50's.
-Next day sell-off day. High 0.60's. Take it down to 20's
-After that another sell-off day. Take it down to 25% tracing levels of 0.60 which is 0.15 which is right above 0.13 closing of previous trend. 25% tracing levels are pretty common for speculative stock.
-After that another trend will start which will lead to $1.00 levels in about a week and slowly to high $2 levels with ups and downs.
This is one option. I like this option better because bringing price to pre-split or pre-gap levels will attract investors to this stock and generated needed volume.
As you know average 3000% is common to spec stocks. Now, currently the 200day average is around 0.10. Looks like price will stabilize around 0.09. Guess what 3000% of that price is about $2.70.
This suggest that as soon as the price stabilizes around 0.09 - 0.10 range we should start the new triangle pattern.
I love this game.
Posted by matto on :
Isnt this fun are you going for the ride here? Tell me rvmn?
Posted by RCAnalyst2007 on :
RNVO is less likely to move. Low covariance (CV) ratio. It's just a sell-off trend. Possibly one lonely guy is trying to push the price up. Posted by matto on :
Tell me how did you learn to read charts so well?
Posted by RCAnalyst2007 on :
Just takes time and practice. A lot of research. Don't forget the main rule is MM's has the control. And they can set the price where ever they want to take it. Question is, what are the common practices? How do they manipulate and when? So much planning going on behind the scenes. Sometimes they just draw the charts randomly when they have no intereset.
This is a guessing game of MM's.
Posted by matto on :
unreal I want there job its always profits!
Posted by RCAnalyst2007 on :
No ones exactly knows where DVFN will go? Question is:
Does the price makes sense at this level? No. Has no value to MM's at this price.
Does it make sense above $1.00? Yes.
Posted by RCAnalyst2007 on :
Could you rate me Matto since I newly joined this board?
Posted by matto on :
so if its tasty to them they will push it!
Posted by matto on :
gotcha! 5 all the way! check your pm
Posted by RCAnalyst2007 on :
Yes. That's why they have this big bogus financing deals. So they can feed MM's.
Posted by RCAnalyst2007 on :
Thanks.
Well DVFN is in my watch list. I'll add RNVO also. You see how RVNO spiked. When the price was close to 30% or 200day average. It's like a magnet there. $4000 now >>> $40,000 later.
Posted by matto on :
here check this out! ajay
Posted by matto on :
also nawl
Posted by RCAnalyst2007 on :
I would sell RNVO around 30's and buy it back later 15's or lower. Take your time to buy it. No rush.
Posted by RCAnalyst2007 on :
AJAY. Pink sheet. which is junkyard. I would stay away.
NAWL did good climb all the way to common 285 day average. and 305 average. I'll give you a chart. Hold on.
Posted by matto on :
thanks i see tou in the am crash time i start early! check your pm tonjght!
Posted by RCAnalyst2007 on :
Thanks whats your pic for the am?
Posted by whb11 on :
hey RC, you seem to have a pretty good handle on analysis.. i hope to see you spreading your knowledge across a few more of the topics here. can ya tell me what you think about RSHN? or hop onto that topic, and help us all out over there?
Posted by RCAnalyst2007 on :
either way I would sell NAWL around 0.008 or as soon as possible and buy back around 0.004.
As you see 125 avg is a good tracing level. Double or Quadruple that you get target price.
Posted by RCAnalyst2007 on :
DVFN is my pick. RSHN looks stabilizing but not yet. Could float around 0.0006-7 but then fall more. Again PINK is junk yard.
Posted by RCAnalyst2007 on :
Talk to you guys tomorrow.
Posted by whb11 on :
Thanks a lot, RC. I really hope you stick around and stay active on this board. You seem like you can be an asset to everyone here.
Posted by RCAnalyst2007 on :
If NAWL opens below 0.006 then I would sell it between 0.0055 and 0.005
Posted by IWISHIHAD on :
RCANALYST2007,
I am a little lost here. How do I know when to hold my sell to .008 instead of getting out at .005 or lower? These were in different posts of yours and I was curious. I am not in this one, but I am always interested in investor knowledge.
either way I would sell NAWL around 0.008 or as soon as possible and buy back around 0.004.
If NAWL opens below 0.006 then I would sell it between 0.0055 and 0.005
Posted by jon clogger on :
Hi RC, you get 5 stars from me too. Thanks for the DD.
Posted by pcloadletter on :
DVFN accumulation occuring past several days.
This one is ready to run strong!
Posted by matto on :
MY PLAYS TODAY!-insne,dvfn,igai,sevi,ncti
Posted by RCAnalyst2007 on :
NAWL is very volatile in nature. It should stick around 305 day average (0.006) but the days high could spike all the way to 0.008 to all the way to 0.016. Don't forget 125 average is 0.004 and multiply that with 2 or 4. Which ever MM's choose. If it's high volume they might choose 4 multiple if not then 2 multiple. What you need to watch is if it opens above 0.006 and is there any volume? There will be buyers out there but MM's could block it around 0.007.
Posted by RCAnalyst2007 on :
DVFN might break 0.10 today. If you notice 305 average is around 0.22 and that could very well be our first target. We'll see.
Posted by RCAnalyst2007 on :
Good luck guys.
Posted by matto on :
good morning rc look at sevi tread and give everyone your opinion, if you do not mind!!!
Posted by Graham Charitable Trust on :
All in, matto I am new but whenever you post in the morning or the day before and everything looks well you have a crazy completion rate. I've paper traded for too long! Good luck every1.
Posted by matto on :
good luck bud and welcome-take profits on the way up and dont look back.
just my opinion!
Posted by RCAnalyst2007 on :
SEVI target 0.032
Posted by RCAnalyst2007 on :
2nd thought SEVI could reach 0.060 then come back to 0.015
Posted by RCAnalyst2007 on :
But it really needs open above 0.015 for that kind of move.
Posted by RCAnalyst2007 on :
DVFN is ready. Get in.
Posted by fishfarmer on :
quote:Originally posted by RCAnalyst2007: DVFN might break 0.10 today. If you notice 305 average is around 0.22 and that could very well be our first target. We'll see.
Betting on it!!
Posted by RCAnalyst2007 on :
sell SEVI.. buy DVFN now.
Posted by needthecash on :
it looks like it is stuck. needs a push
Posted by RCAnalyst2007 on :
It will be tough to pass 305 average which is 0.032. Better sell it.
Posted by RCAnalyst2007 on :
If it does then off we go to 0.060
Posted by smallpenny 101 on :
.07 look,n good
Posted by RCAnalyst2007 on :
DVFN should break 0.10
Posted by moomula on :
I just got in DVFN at .07, only 1400 shares due to all my cash being tied up. Maybe I can make my money back plus some.
Posted by quickpicker on :
I am in at.065. We need some more volume to get this moving.
Posted by smallpenny 101 on :
SHE MOVES FAST HOLD ON GLTA
Posted by fishfarmer on :
Best kept secret in gold mines boys and girls.
Posted by quickpicker on :
Stalled here. We need volume. Someone buy a couple shares.
Posted by RCAnalyst2007 on :
NAWL did good. So did SEVI. DVFN bid moving up and ready to burst. DVFN Technicals are great. Another thing about DVFN is that the closing prices is above 0.06 for the first time since the split.
Accumate now. Rally should come after.
Posted by RCAnalyst2007 on :
ACCUMULATE
Posted by quickpicker on :
Bid and ask just moved up. We may see .10
Posted by needthecash on :
yes hoping so
Posted by matto on :
RC CHECK IT OUT THIS IS READY FOR BOOM!!!!!
Posted by matto on :
I am seeing .085 ask .095. Looking good
Posted by quickpicker on :
.10 nice call
Posted by matto on :
R U READY
Posted by smallpenny 101 on :
ALWAY'S ^^^^^^^^^^^^^
Posted by needthecash on :
hope it goes
Posted by ARTTEACHER on :
Matto...you see this as a multi day play...long hold???? got in * .07
Thanks
Posted by RCAnalyst2007 on :
DVFN is go.
Posted by RCAnalyst2007 on :
DVFN target 0.51
Posted by matto on :
DOMS AND PERT MOVED TO .24 WE WILL SEE.22 TODAY!
Posted by stocks1984 on :
ready for blast off!!
Posted by RCAnalyst2007 on :
DVFN will close above 200d average FOR THE FIRST TIME.
Posted by 10of13 on :
I see them at 10
Posted by MDP5754 on :
anyone know the float on this?-thanks
Posted by matto on :
COUPLE MIL! FROM WHAT I KNOW!
Posted by stocks1984 on :
what is the 200d average?
Posted by MDP5754 on :
thanks - i'm jumping in. Matto looks like you are hot! Nice chart anlaysis from rcanalyst2007 also. Great work guys.
Posted by stocks1984 on :
matto you must have a small position in this stock considering the share average is real low today! unless did you get in yesterday?
Posted by RCAnalyst2007 on :
Float is lowest.. less than a million. Maybe half. MM's adjusting the float by borrowing from top which widens the price spread.
Posted by matto on :
NO SCOCK I HAVE BEEN BUYING FOR 3 WEEKS
Posted by matto on :
NICE SPREAD
Posted by Double Diamond on :
back to 0.07 - arrgghhhh
Posted by matto on :
IF YOU ARE IN YOU ARE SET Posted by stocks1984 on :
sorry to ask, but are the mm's going to run this up or do you expect big buying coming in?
Posted by RCAnalyst2007 on :
Another First time. 50d crossed 125d average. That's a big step. Tomorow or Monday. Bigger moves coming.
Posted by RCAnalyst2007 on :
Big money is coming. Question is when? Read this filing.
I don't think there is much 0.10's left.
Posted by yourdiligence on :
I just need this to go up about 5000% to recover from one of their reverse splits
Posted by RCAnalyst2007 on :
MM's wants to move 50d average above 200d average. So, they can atract more investors in. To do that, they have to push the price to above 300d average.
Posted by RCAnalyst2007 on :
yourdiligence,
You should have averaged down. Lower your cost by buying at this price level.
Posted by stocks1984 on :
what is diligence talking about?
Posted by smallpenny 101 on :
OMG NEVER DID JUST BUY HELP YOUR .80 AVERAGE
Posted by matto on :
ok its rolling just bought 6000 more o prime it up!!!!!!
hows it look
Posted by Double Diamond on :
RC,
SVFN ? - LOL - you've been spending too much time behind your computer (but it seems to pay off)
Posted by TelnetManta on :
hit .10 for one trade. What's this look like fot tomorrow? Early run or slow rise again?
Posted by RCAnalyst2007 on :
We'll get more volume as the price goes up.
Posted by matto on :
rc white candle on pmhj chect it out i may buy tonight!
let me know
Posted by RCAnalyst2007 on :
MM's running out of supplies. They gotta do GAP.
Posted by RCAnalyst2007 on :
I would wait for PMHJ. Looks promising but wait. You might get it cheaper.
Posted by matto on :
k thanks mms will fill
Posted by RCAnalyst2007 on :
What do you think guys? Open at 0.20 tomorrow?
Posted by matto on :
.15-.19
Posted by quickpicker on :
Music to my ears . Nice pick guys!!
Posted by RCAnalyst2007 on :
Last minute buys.
Posted by matto on :
just wait!!
Posted by smallpenny 101 on :
OT CHECKOUT XMET
Posted by matto on :
rc are you going to hold till 1.00.
Posted by moomula on :
Do you guys think it will get to $1.00 and how long do you think it will take to get there?
Posted by MB on :
moo-
you better not leave your computer in the morning...and don't forget to sell...this looks like it could be a rocket if we can get some volume...
Posted by moomula on :
quote:Originally posted by MB: moo-
you better not leave your computer in the morning...and don't forget to sell...this looks like it could be a rocket if we can get some volume...
Yeah Baby!!!!! I am so stoked!!
Posted by moomula on :
This thread will have to move to "Micro penny stokes, stocks under $1.00" LOL. yeeeee haaaaa!!!
Posted by matto on :
RC READY i WILL PM PICS FOR THE AM CHECK IT OUT!
Posted by quickpicker on :
What do you guys think is the realistic opening price.
Posted by ARTTEACHER on :
Matto... you see this hitting $1 in the near future? Still new to the game and making the sell decision has been proving premature (but safe) in the past ...Thanks
Posted by Sprintpcs on :
quote:Originally posted by RCAnalyst2007: Float is lowest.. less than a million. Maybe half. MM's adjusting the float by borrowing from top which widens the price spread.
Oh boy. RCA do you even know what the float is?
Posted by Sprintpcs on :
quote:Originally posted by RCAnalyst2007: MM's running out of supplies. They gotta do GAP.
MM's gap based on buyin pressure or selling pressure a stock has premarket.
Posted by Sprintpcs on :
quote:Originally posted by RCAnalyst2007: yourdiligence,
You should have averaged down. Lower your cost by buying at this price level.
RCA when someone gets caught in a r/s there shares are worth almost nothing once the price is force down after the r/s All of you who are in an holding this make sure to daytrade it. This company has done r/s and everyday you hold is one day longer your shares will be worth less. Matto I know you hang out with a pump and dump group. You guys have done a great job with creating runners where people can make money. You have also done a great job in getting people in days before the spike. Just try to let the people who are following you know that these aren't investments. Because if you hold you will get killed. Lock in your profits and wait for the next runner. Gap, small run, then she will drop like a rock friday. Nothing against you Matto, but this stock won't do much 2-3 days from now.
Posted by stocks1984 on :
sprint what makes you think matto is a part of pump and dump group?
Posted by andrew on :
quote:Originally posted by Sprintpcs:
quote:Originally posted by RCAnalyst2007: yourdiligence,
You should have averaged down. Lower your cost by buying at this price level.
RCA when someone gets caught in a r/s there shares are worth almost nothing once the price is force down after the r/s All of you who are in an holding this make sure to daytrade it. This company has done r/s and everyday you hold is one day longer your shares will be worth less. Matto I know you hang out with a pump and dump group. You guys have done a great job with creating runners where people can make money. You have also done a great job in getting people in days before the spike. Just try to let the people who are following you know that these aren't investments. Because if you hold you will get killed. Lock in your profits and wait for the next runner. Gap, small run, then she will drop like a rock friday. Nothing against you Matto, but this stock won't do much 2-3 days from now.
Sprint ....that is YOUR opinion. Others say Run baby Run!!!! Maybe not in 2 - 3 days, BUT what about day four? LOL
Posted by matto on :
svei -pump lmao 300% for me lmao nawl going to .02
dude check with every one of your pals that you know and ask them yourself
dude i let people on allstocks know of a group play!
any way sorry you are broke and we have bank play with the groups and be a bagholder
as i said yesterday if this bashing keeps up i will not post i will do this my self
Posted by Jelly on :
Hope I don't get slammed here, due to Sprints Rep as of late, but Matto I don't think that he was bashing you at all here. It's all in how you read it, but he seems to just be trying to protect the newbies here, which I think is nice. Some need to be told to sell in the run. Ya know? Pennies are risky and for day trading only.
I don't think many would be dumb enough to come dump on ya Matto, not right now.
Posted by stocks1984 on :
jelly having second thoughts on matto picks? lol
Posted by Jelly on :
quote:Originally posted by stocks1984: jelly having second thoughts on matto picks? lol
What does this mean?
Posted by stocks1984 on :
im sorry jelly, i re-read your posted and i mis-understood your post. I thought that you were questioning the pick on DVFN. scratch that last post!
Posted by MB on :
I will chime in...look I am a matto fan..he knows how to pick pennies...AND I agree with Jelly and others. Pennies are for trading, sometimes you hold too long (i have done that in the past), buy and sell, lock in profit, any profit is good. Better to sell too early than to hold too long.
Matto, for whatever reason, is on a roll. Congrats to him. He has made good picks here for a while. I have made some $ and lost some following his picks. Ultimately, I am responsible for my own picks. Learn the game, play it with $ you can afford to lose. NO WHINING!!!
I for one enjoy the whole thing...it is a rush...know the difference between a trade and an investment. These are all trades...
ok I am done...hope this thing flies in the AM...see ya then.
MB
Posted by imakmony2005 on :
Second thoughts, EVERYONE here is trying to make money, Thats the truth right, Never blindly follow anyone are you can just kiss your money good bye, Like jelly said you got to sell in to the run are there will be no one to buy your shares i.e bagholder. I saw picks today that you just cant get out of just to low of vol to beable to sell it back.No buyer at the higher price.Thats anyones picks not coming down on any one person.GREED WILL GET YOU.
Posted by 7 of 9 on :
buy low and sell high
who needs vegas?
these pennies are pure risk.
matto is just making a buck
DO NOT FALL IN LOVE WITH PENNY STOCKS
cash is your friend.
Posted by Swab Jockey on :
RC... are u looking at USXP or CNES???? Also am a newbie at this any advice on study program to beef up knowledge base. Would like to be able to at least look at them intelligently
Posted by matto on :
Sorry jelly but "Matto I know you hang out with a pump and dump group. You guys have done a great job with creating runners where people can make money" I don't need anyone telling starting bs like this How the hell does he know who i hang with! NO GROUPS NO FOLKS I HAND WITH NONE OF THE ABOVE. never have i ever created a runner with anyone! Read all my post sell on the way up is all i say! as for this not doing anything this saterted thre days ago at .02 when the chart said it was ready!
Posted by Drunner611 on :
quote:Originally posted by quickpicker: What do you guys think is the realistic opening price.
Posted by imakmony2005 on :
Matto, Follow your tag line and they will follow. You just changed it?
Posted by matto on :
not sure good question!
Posted by matto on :
NEW TAG LINE!!!!!!!!!!
Posted by imakmony2005 on :
lol
Posted by matto on :
that should take care of things! no it won't!!!
Posted by Swab Jockey on :
Matto... been watching your posts on some other boards. Thanks for the info am a newbie and your insight helps. Dont get mad...get wealthy pisses em off more. still a fan of yours and RCA
Posted by Jelly on :
LOL But it won't take care of your PM's babe. Nice job.
And yes the pump and dump group would have me pretty pissed to, but the rest of it I was commenting on. Keep in mind, who cares what people say, most of them are new people that won't last, and the people that have been here long enough know ya. So let it roll.
Posted by matto on :
absolutly true! 1 hug for you and 1 for me i feel better! now did you get lil off your face yet? When I saw that I lmao thanks babe!
Posted by Jelly on :
LOL Not yet, she's a pig!
Posted by George on :
The good news is that every stock that SprintPCS bashs goes green...I even started a new thread called our friend SprintPCS...I wanted him to post the stocks he is bashing and the ones he is buying...This means for us:
Bash=Buy Buy=Sell
He is the greatest stock picker of the all...he just losses a lot of money doing it...He is always backwards...Anyway jus put up with him and his bashing..he is jealous...Go see the OUR FRIEND SPRINTPCS for more info.....
Posted by matto on :
Enjoy jelly you deserve it! or should i say lil
thanks george for reminding me of that he just did that a little while ago!
Posted by casper on :
Form 10QSB for DIVERSIFIED FINANCIAL RESOURCES CORP
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS As used herein the term "DFRC" or the "Company" refers to Diversified Financial Resources Corporation, its subsidiaries and predecessors, unless indicated otherwise. DFRC was incorporated in the State of Delaware on January 6, 1993, as Vaxcel, Inc. On December 19, 2000, DFRC changed its name to eLocity Networks, Inc. On August 6, 2002, DFRC changed its name to Diversified Financial Resources Corporation. DFRC currently has five organized subsidiary corporations, Diversified Holdings XIX, Inc., International Natural Resources Corp., Wichita Development Corporation, Wichita Properties, Inc. and Salt Lake Development Corporation.
Forward Looking Statements
The information herein contains certain forward looking statements. Investors are cautioned that all forward looking statements involve risks and uncertainty, including, without limitation, the ability of the Company to continue its expansion strategy, changes in the real estate markets, labor and employee benefits, as well as general market conditions, competition, and pricing. Although the Company believes that the assumptions underlying the forward looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward looking statements included in the Form 10-QSB will prove to be accurate. In view of the significant uncertainties inherent in the forward looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
General
DFRC currently operates as a real estate holding company. DFRC intends to scale back its other business development investigations or operations and focus on acquiring, managing and operating real estate, oil and gas operations and mining operations.
Real Estate Investments
DFRC's objective, with respect to its real estate operations, is to acquire, through subsidiaries, properties which management believes can be operated at a profit. The existing commercial buildings and residences held by the Company through its operating subsidiaries will continue to be utilized in those same areas. The Company intends to maintain its efforts to market all of these properties over the course of the coming months and the Company will explore various opportunities for the sale or transfer of those properties.
n May 10, 2005, the Company, through its subsidiary, Salt Lake Development Corp., entered into an agreement to sell its four condo units located in Ogden, UT for a purchase price of $140,000. Of this amount, $7,000 will be paid in cash at the closing, $20,400 is credited back to the buyer for the assumption of certain liabilities and closing costs, and the Company will finance the remaining balance of $112,600 over 30 years at 7.5% interest per annum. The entire unpaid balance of principal and interest is due 24 months from the date of the note. The transaction closed on July 22, 2005, consistent with all material aspects of the sale agreement.
On June 28, 2005, the Company, through its subsidiary, Diversified Holdings XIX, Inc., entered into an agreement to sell its residential property located in Murray, UT for a purchase price of $100,000. The transaction closed on July 27, 2005, and the Company received $94,000 after closing costs.
Land and Natural Resources
Mining interests. The Company signed agreements in 2004 with professionals to seek out the potential development of mining opportunities within the Country of Mexico. The Company hired professionals to locate resources and available mining claims, to prepare documents to make claims, and to perform other due diligence procedures. The Mexican mining interests are more fully set forth and described in the Company's 10-KSB/A report for the fiscal year ended December 31, 2004, filed on April 25, 2005.
At the current time, all options held by the Company to acquire mining interests in Mexico have expired of their own terms. All activities related to acquiring mining interests in Mexico were curtailed and abandoned during the second quarter of 2005.
The Company is currently analyzing other gold and silver mining opportunities, as well as oil and gas opportunities.
Results of Operations
The following discussion and analysis should be considered in light of recent changes in management and operational focus, and should be read in conjunction with the Financial Statements and other disclosures in Form 10KSB/A for the year ended December 31, 2004.
During the three months ended June 30, 2005, the Company's revenues were $3,000 compared with $31,000 for the same period in 2004. During the six months ended June 30, 2005, the Company's revenues were $4,000 compared with $48,000 for the same period in 2004. The majority of the Company's properties were vacant in 2005 because management believed the properties would be sold, and leasing activities were not actively pursued. Therefore, revenues decreased in the 2005 periods compared to the same periods in 2004 when properties were occupied and rental revenue was recorded.
During the three months ended June 30, 2005, the Company's general and administrative expenses were $231,000, representing a $174,000 decrease from the same period in 2004, when general and administrative expenses were $405,000. During the six months ended June 30, 2005, the Company's general and administrative expenses were $666,000, representing a $2.6 million decrease from the same period in 2004, when general and administrative expenses were $3.3 million. In 2005, and especially in the second quarter, the Company reduced its use of consultants and trimmed its work force. These actions significantly reduced general and administrative expense. Also, in the first quarter of 2004, the Company issued 30,000,000 million restricted common shares to John Chapman for services rendered, and recorded $2.4 million of expense. This was the primary reason that general and administrative expenses decreased in 2005 through June 30, 2005.
During the three months ended June 30, 2005, the Company incurred expenses related to the mining activity in Mexico totaling $24,000. During the six months ended June 30, 2005, the Company incurred expenses related to the mining activity in Mexico totaling $197,000. The Company began incurring expenses related to the mining activity in Mexico during the fourth quarter of 2004. All activities related to acquiring mining interests in Mexico were curtailed and abandoned during the second quarter of 2005 when the Company was not able to make the $500,000 payment required pursuant to the agreements.
During the three months ended June 30, 2005, the Company's net loss was $181,000, representing a $442,000 improvement from the same period in 2004, when the net loss was $623,000. During the six months ended June 30, 2005, the Company's net loss was $846,000, representing a $2.7 million improvement from the same period in 2004, when the net loss was $3.5 million. The improvement in the 2005 net loss for both periods resulted from lower general and administrative expenses, which were offset by the increase in expenses related to the mining activity in Mexico.
Liquidity and Capital Resources
As of June 30, 2005, the Company had current assets of $99,000 compared to current assets of $431,000 as of December 31, 2004. During the six months ended June 30, 2005, we collected the receivables from employees of $141,000, collected the receivable from Finance 500 of $27,000, redeemed our money market funds of $55,000, and used existing cash balances to help fund operations during the period.
We had a working capital deficit of $2.3 million as of June 30, 2005, compared to a working capital deficit of $1.8 million as of December 31, 2004. The working capital deficit increased because cash and receivable balances decreased as noted above. The mortgages and lines of credit are classified as current liabilities at June 30, 2005 and December 31, 2004, due to our inability to make timely monthly payments.
Total stockholders' deficit was $1.6 million as of June 30, 2005, compared to $1.1 million as of December 31, 2004. The increase is primarily attributable to the net loss of $846,000 which was offset by increases due to stock issuances of $329,000.
Net cash flows used by operating activities were $295,000 for the six months ended June 30, 2005, compared to $565,000 for the same period in 2004. The decrease in cash flows used by operating activities in the current period relates to our limited use of consultants and work force reduction. Our related party payables increased $130,000 as a result of two transactions. First, we issued a $30,000 note bearing interest at 11.5% to Nexia Holdings, Inc. for cash. Second, we issued a $230,000 note bearing interest at 8% to West Jordan Real Estate Holdings, Inc (a subsidiary of Nexia Holdings, Inc.) in exchange for $100,000 in cash and the cancellation of two notes payable and accrued interest to Nexia Holdings, Inc., including the $30,000 note referenced above.
Net cash flows provided by investing activities were $53,000 for the six months ended June 30, 2005, compared to net cash flows provided by investing activities of $28,000 for the same period in 2004. The increase of net cash flows provided by investing activities relates primarily to our liquidation of money funds, which we used to fund operations in 2005.
Net cash flows provided by financing activities were $110,000 for the six months ended June 30, 2005, compared to net cash flows provided by financing activities of $545,000 for the same period in 2004. We had more option activity in 2004 than in 2005, resulting in decreased cash flows.
Due to our debt service on real estate holdings and anticipated expenses related to other operating activities, we may experience cash flow shortages throughout 2005. We plan to raise additional funds through the sale of common stock or issuance of debt to fund such shortages. Our ability to raise additional funds in the future is uncertain, and we may be forced to curtail certain activities if we are not successful in raising additional funds.
Ability to continue as a going concern
Our ability to continue as a going concern is in doubt. We incurred a loss of approximately $846,000 for the six months ended June 30, 2005; had an accumulated deficit of approximately $20.5 million at June 30, 2005; and had a stockholders' deficit of approximately $1.6 million at June 30, 2005.
To date, we financed operations primarily through the issuance of common stock. The common stock issuances were made either pursuant to the exercise of stock options or the issuance of stock for services.
We will need to substantially increase operating income, and raise significant additional capital to continue as a going concern. There is no assurance that we will be able to increase operating income or raise additional capital in order to continue as a going concern over the next 12 months.
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Posted by Sprintpcs on :
Matto you joined the sametime Jmicheal did. Jmicheal was pals with Momo. Momo owns a daytrading group that does pumps and dumps. The only reason why Matto is on a role is because he has people buying at a certain time. As I said what you are doing is very nice. You are telling people about the stock before she runs. Please don't let your ego get the best of you. Alot of the people who are read this may seem to believe something else good will happen in the future. NAWL CEO passed a way a couple of months ago and the company is going to go BK. Momo's pump and dump group started the first spike on NAWL. All I am saying is you are doing a great job. Just let people know to take profits when the volume dries up because alot of people will cry when they lose money time and time again. As I said I am not bashing you and I know what you are trying to do. Just stay honest to your followers.
Posted by matto on :
yes i know jm and momo but i have no clue what they are doing at any time! well they told me about vcty last week! o i didnt start tread for that did i why bonehead because we dont win on group plays
hey did you take you 300% today or 100%
Posted by matto on :
grlc just posted it !!!!! facts are there thats a group!!!!!ROFLMAO
Hey how about the dude that made 64,000 on my pics and started a tread about it must be the leader of the group.
Posted by matto on :
If you know how to play -then shut the hell up
30 ppl. im me and i help them- they can handle them self. you are not a hero in any sense of the word. so get off this tread and find somthind usfull for us to play!!!!!!!!!!!!
Posted by Dr. Evil on :
I want to be a part of any group that makes money and has fun doing it.
Not sure why people feel the need to continuously remind folks that trading is risky...DUH!
Hey, long time reader, first time poster! Love the BB, you guys rock.
Posted by matto on :
welcome, all your input and dd is welcome also,
by the read my tag and sign on the dotted line.
lmao!
Posted by whb11 on :
hey matto, i think it's great that PCS is bashing this one.. according to his recent history, every stock he bashes soars. just remember what he kept saying about JKRI, i know you were there.
so hang in there buddy, take it as a compliment.. he's doing far more good than damage. as long as he bashes, the better you'll all be.. keep up the great work. take the majority's opinion. just let him keep losing all his money till he won't be able to pay for his internet and we won't have to see him ever again.
Posted by matto on :
thats what is was jkri yea sprint keep it up !
Posted by Dr. Evil on :
You need to add it to the forum Acceptance Policy.
I, Dr. Evil, promise to never buy, sell, or trade because of anything matto (whom I have never met) says or does not say. I will take responsibility for my own actions as an intelligent and free-thinking adult.
haha, you can make that your tag line, just replace Dr. Evil with "Enter your name here".
Anyway, enough of this, back to the game.
Posted by SuperSniper00 on :
calm down dude, i know many of you dont like sprint cause he does bash from time to time but he is just making sure people dont get suckered in too long and dont sell when the time is right
Its just like poker, know when to hold em, know when to fold em, know when to walk, know when to run
Posted by matto on :
Hows this!
Posted by matto on :
OOPS
Posted by Sprintpcs on :
Ok Matto the great. And the day your pump and dumps fail, everyone will be there to bash your face in. Trust me you know nothing about stocks. You are a pumper and dumper as Jmicheal and Momo are. Trust me If I had a group with mybe 30k-50k in cash all I have to do is say. "Guys TITS is going to bounce Monday" Monday comes and she runs does that make me a hero? No it makes me a Pumper and dumper.
Posted by matto on :
u done?
Posted by Sprintpcs on :
quote:Originally posted by SuperSniper00: calm down dude, i know many of you dont like sprint cause he does bash from time to time but he is just making sure people dont get suckered in too long and dont sell when the time is right
Its just like poker, know when to hold em, know when to fold em, know when to walk, know when to run
Notice Matto the Great has people with 2 post defending him. Trust me when I say I do very well playing these pennies. Matto what did your Pump and dump JKRI do the day after? Exactly what most pump and dumps do. Go up and down and don't bounce. Atleast you let people know what the play is before it runs. I am not bashing you at all. Just don't let your ego get in the way. Because if you want to make this a Ego-fest I know someone who can blow your pumps out of the water.
Posted by matto on :
now u done
Posted by Sprintpcs on :
The stocks posted on this section of the site aren't for pump and dumps. These stocks are to be scalped not invested in. You can't even read SEC filings. Care to explain the difference between S8 and SB2 or how about the difference between o/s and a/s. Or better yet tell everyone whats the difference between o/s and the float. Your a pumper you know it and I hope the rookies see it as well. Nothing wrong with trying to help people make money, but once you hit a stock with a large o/s or one that is diluting everyone will still love you right? lol
Posted by matto on :
done yet
Posted by matto on :
I did'nt call jkri moron
Posted by matto on :
avst-i like it the title sevi- news rvmn- in dec.news2000% NAWL- CHART AND FILING
THOSE ARE MY TREADS BONE HEAD!
HOW DO YOU SEE THOSE 4 AS PUMP!
Posted by matto on :
o proof is in my post i guess your done!
Posted by Sprintpcs on :
Matto you can't read filings. You have still to answer my questions about filings that I asked you. It's because you don't know anything. Your just a messanger sent here to pump these worthless POS that have no revs. And you also have people join to post under you.
Posted by andrew on :
Matto.....Your the man! Dont even give sprint the time of day. Sprint go some where else where people care what you say. lmao
Posted by BuyTex on :
quote:Originally posted by Sprintpcs: Matto you can't read filings. You have still to answer my questions about filings that I asked you. It's because you don't know anything. Your just a messanger sent here to pump these worthless POS that have no revs. And you also have people join to post under you.
funny chit...
that was also funny, "Sprint" when you referred to "those guys" at BestPicks...
Posted by andrew on :
I like this stock, but does this concern anyone besides me? Matto your thoughts please.
Our ability to continue as a going concern is in doubt. We incurred a loss of approximately $846,000 for the six months ended June 30, 2005; had an accumulated deficit of approximately $20.5 million at June 30, 2005; and had a stockholders' deficit of approximately $1.6 million at June 30, 2005.
To date, we financed operations primarily through the issuance of common stock. The common stock issuances were made either pursuant to the exercise of stock options or the issuance of stock for services.
We will need to substantially increase operating income, and raise significant additional capital to continue as a going concern. There is no assurance that we will be able to increase operating income or raise additional capital in order to continue as a going concern over the next 12 months.
Posted by George on :
Sound like a typical pink to me...no cash, no rev, have to sell stock to keep going...
Posted by matto on :
DAY TRADING NOT INVESTING HOLY CRAP I AM
DONE!!!!!
Posted by andrew on :
Why is going to pop like everyone says it is?
Posted by BuyTex on :
quote:Originally posted by matto: DAY TRADING NOT INVESTING HOLY CRAP I AM
DONE!!!!!
lol, matto...a lil testy? What's the prob, man?
Posted by 10of13 on :
quote: sprintpcs -------------------------------------------------------------------------------- Originally posted by 10of13: sprintpcs
I am new to...and JimSc and Will have made some wonderful observations that I have been able to learn from... --------------------------------------------------------------------------------
Would you be kind of enough to tell me what Teacher Will nd Jimsc has tought you?
Well for one they have showed me how to "SPOT" the loosers such as yourself...
I've went and read some of the things that you have posted...You're a very negative person..very sad...this is the last response that I will waste on you...eventually if all ignore you..you will go away...BYE BYE!
Posted by 10of13 on :
quote: sprintpcs -------------------------------------------------------------------------------- Originally posted by 10of13: sprintpcs
I am new to...and JimSc and Will (feel the need to ad many, many other people on this board) have made some wonderful observations that I have been able to learn from... --------------------------------------------------------------------------------
Would you be kind of enough to tell me what Teacher Will nd Jimsc has tought you?
Well for one they have showed me how to "SPOT" the loosers such as yourself...
I've went and read some of the things that you have posted...You're a very negative person..very sad...this is the last response that I will waste on you...eventually if all ignore you..you will go away...BYE BYE!
Posted by 10of13 on :
Oops..sorry I got carried away...maybe someone could do that with this Sprintpcs...that company and their service suck...sometimes...it's all in the name...
Posted by RCAnalyst2007 on :
DVFN will move more than you expect.
And please don't look at previous junk reports. They just give false information and scare you so you feel like it's worth nothing and makes you wanna sell. That's the idea. They've accumalated all the shares out there with all these reverse splits. Only few shareholders left out with some shares and they will sell them when this baby spikes.
Look at future reports.
All the remaining floating shares have been accumulated over the last 3 months. Who do you think accumalated? Not us. Big boys. And they will sell those share when the price hits the highest levels that they prefer. Well, obviously they need to generate buyers. But, how? Stock has no value. They need work this stock hard. First, technicals. Then some trend. Then some news. So, we're just starting.
Posted by Superbee383 on :
Well this was a fun ride for sure.. I got in at .038 last week, and sold half at .08, half at .09. I probably will miss more profit, but I sure can't complain!
Posted by quickpicker on :
Any predictions on opening price today???
Posted by Graham Charitable Trust on :
alllllrrriiight, back to $$ making, our regularly scheduled program! Posted by quickpicker on :
Any premarket bids on this?
Posted by quickpicker on :
.10 open
Posted by stocks1984 on :
funny wheres matto?
Posted by Graham Charitable Trust on :
omg
Posted by coalkickin on :
running...thanks Matto and Rc
Posted by stocks1984 on :
matto once again is the man!! right again, boy does sprintpcs look stupid right now!
Posted by quickpicker on :
In at .06 out at .14 Thanks Matto and RC
Posted by ARTTEACHER on :
I keep hearing the montra "pigs get slaughtered"...but I am going to roll the dice ...Matto..you have my confidence...screw em! Great pick! WOW..doubled my investment!!OMG this is soaring..what a way to start a four day weekend and cure a hangover
Posted by special ed on :
taking my 50% gainer for today. Looks like it'll be an early start to the weekend for me! Nice call guys.
Posted by stocks1984 on :
this doesnt look like its finish yet! jmho
Posted by special ed on :
taking my 50% gainer for today. Looks like it'll be an early start to the weekend for me! Nice call guys.
Posted by coalkickin on :
in at .09...still holding
Posted by needthecash on :
where ia matto today?
Posted by RCAnalyst2007 on :
Target 0.48
Posted by needthecash on :
where ia matto today?
Posted by NEL on :
I am still holding at .18. I think some people really pissed matto off last night. The last post I saw from him end with DONE!!!!
Posted by Graham Charitable Trust on :
rc states his target is .30+, he actually calls this a pre-rally.. haha, im holding.
Posted by matto on :
TODAY .50 RC THEY MOVED UP!
Posted by moomula on :
It may go to $1.00 by Wednesday of next week!!!
Posted by RCAnalyst2007 on :
Target 0.48
Posted by NEL on :
I am am from .065
Posted by Double Diamond on :
I would be p'd as well.
The man has got an outstanding record ! I'm thankful.
Posted by moomula on :
It may be at $1.00 by Wednesday of next week.
Posted by needthecash on :
matto has more people on his side than against him by far!! come back matto
Posted by moomula on :
sorry for the double post.
Posted by ARTTEACHER on :
FYI I cant find the thread, but PLKC is up 19% and going...
Posted by RCAnalyst2007 on :
You might as well use this board for next Thursday.
Posted by matto on :
YEA BABY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by Sprintpcs on :
You guy are so silly. This isn't going to .25 If you have profits take it now and move on. I neevr bashed his plays just matto. He is pumping and dumping these stocks. Then he will move on to the next. Notice the stock has flatlined and the bid is coming down. No more interest on the ask side. So guys what will happen now. And RC the companies will not lie on there filings to keep people away from there stock. If anything they would lie about having strong revs so they can attract more buyers. The reason for all the r/s is because the company uses the shareholders to pay bills. Matto hypes this up here before he gets his group to add volume. Of course he is looking to good. It's like me giving you a 100 dollar bill and then half hour later telling you what the serial number is. Is it magic? No I just knew what was going on while you thinking about spending your bill. Those who are holding sell..
Posted by NEL on :
Did someone say something? No I didn't think so either.
Posted by RCAnalyst2007 on :
MM's holding at this level to send more attention to stock screeners and radars. This is not a trend volume yet. We will some small sell-off then burst after 0.20
Take some profit with the hope of buying it lower.
Posted by special ed on :
I appreciate matto for the pick (group play or not) but agree with sprint on taking profits when you can. Either way, looks like I'm paying that car payment a couple weeks early! Sitting on the sidelines now. GL
Posted by matto on :
SO FOR THREE DAYS I AM RUNNING THREE GROUPS!
Posted by RCAnalyst2007 on :
Looks like Sprintpcs wants to buy your shares.
Posted by Sprintpcs on :
Good to hear special ed. Don't listen to this RC who has just been a cheerleader since he has been here. The last transactions have all been sales and small ones at that.
Posted by RCAnalyst2007 on :
Time to get in now.
Posted by RCAnalyst2007 on :
Sprint. Small sell off's are healthy. It improves volume.
Posted by MB on :
matto,
just keep making picks, they speak for themselves.
by the way folks, matto actually warned me of a group play I unwittingly fell into a few weeks back. Check out the SPZI board. (by the way i still like that stock)
Having fun with my 2000 shares of DVFN today. Posted by whb11 on :
if RC's been the cheerleader, then you've been the other, losing, team in this game, PCS. i'm not playin this stock, but i do have respect for matto and RC's work put into it, and the gains coming from it.
Posted by Sprintpcs on :
Matto is doing GRLC now. Once pumpers sell a stock they tend not to follow up on it anymore.
Posted by special ed on :
quote:Originally posted by matto: SO FOR THREE DAYS I AM RUNNING THREE GROUPS!
haha matto! Man you know I can't say anything bad about you - you already made me some nice coin on RVMN's first run! As well as PTSC (which is kickin' azz as of late) but I had to bail on that one since I needed the funds. I appreciate your picks but it wouldn't surprise me if some groups (not associated with you) were trying to cash in from your good streak.
Posted by RCAnalyst2007 on :
Now, the sellers dried up.. We can move up easier. Watch how we move.
Posted by RCAnalyst2007 on :
I bet there is only 10,000 shares available below 0.20. Who would like to get those? Posted by NEL on :
I am working on it right now.
Posted by special ed on :
Coming back for another flip. Might as well try to cover gas for the car for the month haha!
Posted by MB on :
I think RC is right about the shares out there...LOL...5 good buys and this thing would fly through .2 imo...LOL
Posted by ARTTEACHER on :
Let me preface by saying I am newbie trader of just a rocky few months, with Matto issuing replies of "buy if you want"..how is that pumping? Do your own DD and make your OWN decision...if you buy strictly on someone's advice...you deserve everything coming....Get Toni Turners books, soak up info..and try to learn the game...apologize for venting or appearing to pick sides, but man...does anyone have a gun to their head?
Posted by bilgert on :
in at 0.14- hope I didn't get in too late!
Posted by special ed on :
Intraday mac slowly creeping up. Let's hope for a good run after lunch if not before.
Posted by smallpenny 101 on :
NO WERE GOING OVER .80 IMHO.....
DVFN--DIVERSIFIED FINCL RES CP (DVFN:OBB)---Doubled!!! OW
Our system posted a HOLD today. The previous BUY recommendation was issued on 02.14.2006 (2) days ago, when the stock price was 0.0470. Since then DVFN has gained 80.85% .
Posted by bilgert on :
Just to pick up on ARTTEACHER's comments a little bit: I have been a 'conventional' trader on the big board for years and have only recently begun dipping into the penny world. That being said, I have only begun to understand the mechanics of this type of training. I've been lurking for almost a year, but just started posting on the last couple of months
Guy's like Matto are invaluable and are not pumpers; they give an honest (often passionate) opinion based on the information they have available to them, but they are based on their interpretation of available facts (trends, volume, news, etc.) and not on off the wall speculation. I hope to contribute to the community as much as they have as I become more confident in my own evaluative techniques.
In the end, it's your money. You gotta make your own judgments, decide your "risk personality" and cross your fingers. The way you really learn is by putting some of your own hard earned $$$ on the line. I've made newbie mistakes with QBID, GZFX and LVEL and have made moderate gains with USXP, GRXI, JKRI and a couple of other stocks. I'm happy with how I've invested, and have learned quite a bit.
And obnoxious writing style aside, hostile guys like pcs sometimes have something valuable to say as well. More often that not it's crap, but at least it gets you thinking.
P.S. Just ordered a Toni Turner book. Can't wait!
Posted by RCAnalyst2007 on :
Monday or Tuesday is better for profit taking. Today is accumalation day.
We need bigger GAP up open on Monday. Something like 0.30-0.35 at open. Add 300%. What do you get? $1.00
Posted by RCAnalyst2007 on :
MM's are not going to sell until we get beyond average volume like about more than 500,000.
This is good.
Posted by ARTTEACHER on :
Bilgert...well said...I got suckered into QBID too in my first week after giving up paper trading ..what piece of crap stock! The truth is success always generates animosity...
Posted by andrew on :
RC... Sounds good to me. I would like to personally thank Matto and RC for their invaluable insight on this stock. They themselves did much DD for many of us. And for that I thank you both.
Posted by icecold on :
Trying to get it at 0.145, is it still worth ? Misses on this great opportunity .
Posted by quickpicker on :
Matto. I'll be watching for Next weeks pick.
Posted by TelnetManta on :
Awesome profit on this one.
Thanks Matto!
Posted by special ed on :
Looks like we're waiting till after lunch for any action
Posted by narbeh on :
have you not been paying attention? its up 70%
Posted by special ed on :
quote:Originally posted by narbeh: have you not been paying attention? its up 70%
Yes, and I've already taken profits. I'm talking about the intradays especially with this dip that's happening right now. MM's aren't gonna run the damn thing 30 minutes into lunchtime. DOH!
Look at the spread...they've got this on freeze frame.
Posted by Sprintpcs on :
Do as you please. RC first post was on this thread. He is pumping a stock that isn't going to do anything. Matto is out because he daytradered it. Everyone wants to say .80 next week. How many stocks have actually done that? RC your a bad pumper. Telling to people to buy. If you want tobuy this buy it on the bid. And to the school teacher I just hope you don't lose all your cash on these pumps. I promise you this stock volume will dry up and those who are in will dump and force the pps down. You have much better runners today you could of made money on instead of this POS.
Posted by Johnwayne on :
Matto/RC- I have a very similar story to Bilgert's last post so I will skip my version. I just now registered to join allstocks strictly so I could give you two a well deserved thanks and a little support. I got bent over by GCCP this summer and have been in a slump until you guys brought me this one. In at .07 and I think if anyone loses money on a stock that went up to .20 they are either too greedy or made the mistake of chasing it up, if in fact this run is over. I locked in my profits at .l4 and am riding free shares now. I owe both of you great thanks so thanks again and you will always have my support and respect for what both of you gave me. RC somehow I didn't get your name on my tag line but thanks none the less.
Posted by RCAnalyst2007 on :
Sprint,
I'm not interested bashing or pumping a stock. I'm just a technical guy.
Posted by MB on :
ok, back to the stock..I for one think it tests .2 again today and if so I will sell mine..glta
Posted by RCAnalyst2007 on :
Sprint,
I'll give a sample of how many stock have done a trend that big. I have so many of them. Take a look at GAPJ. from 0.05 to $2.00.
RCA please explain to me where the volume will come from for this stock to bounce. All those who bought yesterday sold today which means Monday or any day after that volume will have to be made up inorder for this stock to move back up. MM's scalp us to make profit. The sells you see are from retail sellers (Public) MM's sell on the offering (Ask) and buy on the bid. And amazing how all these 1 post people love Matto. I guess your group is going to come on allstocks and defend you RC and Matto. lol You guys are a joke!
Posted by matto on :
I SOLD 10,000 SHARES FOR BLYM I WILL BUY AFTER MORE LUNCH
Posted by Johnwayne on :
Sprint- Why look a gift horse in the mouth? These "jokers" doubled my investment.
Posted by matto on :
LET HIM HANG HE IS GOOD FOR MAKING STOCKS GO UP. LOL
Posted by RCAnalyst2007 on :
Volume will come. There is always new buyers out there. Once they see the technicals and the nice trend, they will hop in. MM's are gonna help on the way. Right we have this freeze because nobody wants to sell it. Buyer's are not sure to get in yet but when you see last price 0.19, that freeze will turn into hot steamy trend.
Sprint, people are making money. What your point of bashing this stock. You couldn't buy enough or are you too late? Sceptical people like wait on the sideline make no money and they get mad and start bashing. Just chill out.
Bashers and Pumpers lie. But Technicals don't.
Posted by ARTTEACHER on :
Sprint..perhaps I live in a utopian environment...but,I don't understand the insults..It's fantastic if your mission is to inform people of fraudulent pumps..but have you stopped to look at how many people respect their input...You seem like a very knowlegable person, and as a newbie I respect that..you also appear to be an antogonist and have a chip on your shoulder regarding their fame and following...if you don't like whats being sold...don't buy it...MATTO and RC...regardless of anyone's opinion...I have made $$ today...did my own DD to the best of my ability and have no complaints..so thanks...wouldn't it be great if RC,MATTO and Sprint were all the same person with a severe case of multiple personality disorder!..LOL
Posted by matto on :
LMAO YOU NEVER KNOW!
Posted by MB on :
16x17 going up anyone? doors are closing..lol
Posted by SuperSniper00 on :
second run starting?
Posted by RCAnalyst2007 on :
RCA,
you don't know what you talking about.. Just kiddin..
Posted by matto on :
rc look at fppl
Posted by RCAnalyst2007 on :
FPPL:
ADX line doesn't look good. Needs more time. No strength to go up. Good volume but negative. I wonder If they've been hurt by the Katrina hurricane.
This is still accumulation. Monday will be very interesting. One of the scenarios I have suggests; On Monday, open with GAP up at around 0.25-0.30. And go towards 0.60 or 0.80. We could see a correction towards 0.20 as bottom.
Posted by matto on :
I will make another buy at the eod to help push a gapper for the mms
chart on gwdb
Posted by narbeh on :
ive heard all sorts of mixed opinions on DVFN - is it a good idea to buy at 0.14 if i can even get in?
Posted by The Bigfoot on :
Not in, but IMO if you need to ask that question you are better off not.
Posted by RCAnalyst2007 on :
Look,
Here is a MM rule;
If there is a low confidence to a stock, that stock will move more. Only time you sell it, is when investor are over confident.
So, there is still low confidence right now. Why not buy it.
Question is when are over confident? Above a dollar,two?
Posted by RCAnalyst2007 on :
DVFN:
Best time to buy is when there is a low confidence with good supporting technicals. When the price is lets say 0.50, then you will think 0.20 wasn't bad. Wasn't bad at all.
Posted by RCAnalyst2007 on :
DVFN:
We have to get some news pretty soon. It's been the longest waiting for the PR in DVFN history.
Posted by narbeh on :
RC.... you should be betting your life savings and your house on this if youre this confident in it lol
Posted by RCAnalyst2007 on :
I don't gamble.
Posted by SuperSniper00 on :
Playing stocks IS gambling.
Posted by RCAnalyst2007 on :
DVFN:
This stock had never;
-Had a trend more than 3 days in row. First time. -stayed above 50d average. -stayed not even touched 200d average (0.10) -had this healty technicals.
Got some money wired. I'll be buying more DVFN in next 30 minutes.
Posted by matto on :
I hav had a second order in for 6min now i got another 6000 12 min ago i want more sell them!!!!!!! to me!!
Posted by special ed on :
trying here also in the spread.....nothin' yet.
Posted by special ed on :
Got it...time to sit and ride the trend.
Posted by matto on :
Me to fully loaded!!!!!!!!
Posted by RCAnalyst2007 on :
Takes time to execute
Posted by whb11 on :
yea, i'm in for 380 shares.. kind of an experiment. if this thing does take off, at least i'm not risking much. gotta do something while waiting for the launch of rshn.
Posted by special ed on :
bid is stacked at 3:1. Intraday stoichs turning slightly up......c'mon baby we want a monday gappa!
Posted by matto on :
ok pert mooved upto 1.10 with hudsn
yeaaaaa
Posted by special ed on :
4:1 now......
Posted by MoneyMoneyMoney on :
I bought at .065 and sold all out at .16!!
Now I'm buying again at .14 to load up. I love playing stocks.
Gl all and can't wait to go bigger.
Posted by RCAnalyst2007 on :
If we close at 0.15-0.17 range. That's good enough. Couldn't get 0.12. I'm increasing my bid.
Posted by RCAnalyst2007 on :
Looks like nobody wants to sell it now.
Posted by RCAnalyst2007 on :
I've put a buy order at 0.14. Does not execute. MM's are slow.
Posted by RCAnalyst2007 on :
Obviously. They want to keep price in control. I think they want to keep it below 0.21 in order to establish GAP up on monday.
Posted by special ed on :
quote:Originally posted by RCAnalyst2007: I've put a buy order at 0.14. Does not execute. MM's are slow.
Is that you for 3164
up-tick....here we go.
Posted by Johnwayne on :
Market is closed Monday for President's Day isn't it? Anybody see that slowing our momentum?
Posted by matto on :
got 2000 more!!!
Posted by SuperSniper00 on :
Just so everyone is clear. There will be no gapper on monday.
The market is closed for President's Day. Posted by matto on :
Good i need time to spend money!!
Posted by matto on :
yes they are driving this down!
Posted by matto on :
The mm's are working there magic, they don't want it to get away from them!
Posted by special ed on :
NITE at $1.40 ask small walls at .13, .155, and .19 IMO
Time will tell.
Posted by RCAnalyst2007 on :
if you notice Ask size after 0.51 is smaller.. Low float.
Posted by RCAnalyst2007 on :
Correction: if you notice Ask size after 0.21 is smaller.. Low float. Like I said they're trying keep it below 0.22 which 305d average. Cause they want 305d average as the support line not resistance line. This makes sense cause that's how we will cross 50d avg to 200d avg.
So, if break 0.21 on Tuesday, we will climb up to new highs and eventually come back to 0.21-0.20 as the support line.
So far, we're on track. We could push all the way to 0.20 and close at 0.19-0.15 range today. Eighter way it doesn't matter.
Posted by SuperSniper00 on :
wow NITE is usually the weiner in the way
Posted by RCAnalyst2007 on :
With the low float this stock is easy GAPPER but haven't seen real GAP yet. All I can tell is, they're trying to scare you by keeping the price low but they don't have much weapon to use other than borrowing from lower price and putting pressure with lower ask price. Everyday we get new volume they loose more power.
Posted by Cman on :
I'm in now!! Looks really good for eod to set up next week!!
Posted by quickpicker on :
Will we see this lower than .12 What do you see for Tuesday if it closes around this?
Posted by RCAnalyst2007 on :
Last chance to get it cheap guys.
Posted by Graham Charitable Trust on :
damn, i shoulda waited for this price.. i loaded up earlier, this is a good price to load up on
Posted by RCAnalyst2007 on :
I think selling it at this point is risk. Buying shares on Tuesday is riskier than buying now. I'm still ok with closing at 0.14-0.16 range.
Posted by quickpicker on :
I am going to try to pick up some at .12 We'll see.
Posted by Opethian on :
have a small position of 2200 shares, let's see where this is going!
Posted by RCAnalyst2007 on :
Not much shares at 0.125. I bet 0.135 is even less.
Posted by quickpicker on :
The bid and ask move fast on this stock.
Posted by smallpenny 101 on :
IM LOVING THIS WOW!!!!!!!!!
Posted by Opethian on :
this can't be right
1 x 0.135 1 x 0.155 1 x 0.19 1 x 0.2
man a couple a buys should send this thing flying!
Posted by bowlegtroy on :
Got a partial 12975 *.125! I'm hoping the remaining 8500 shares fill!
Posted by bowlegtroy on :
Need to shake a seller! C'MON SELLER - Gimme my 8525!!!
Posted by special ed on :
quote:Originally posted by Opethian: this can't be right
1 x 0.135 1 x 0.155 1 x 0.19 1 x 0.2
man a couple a buys should send this thing flying!
Exactly!
Posted by special ed on :
quote:Originally posted by bowlegtroy: Got a partial 12975 *.125! I'm hoping the remaining 8500 shares fill!
Nice to see a few more guys playing who don't have 5 posts to their name LOL!
Posted by quickpicker on :
Haven't filled yet at .12
Posted by RCAnalyst2007 on :
let me rephrase this:
I think selling it at this point is risky. Buying shares cheap on Tuesday is less likely than buying now. I'm still ok with closing at 0.14-0.16 range.
Posted by RCAnalyst2007 on :
You see, spread is widening again. But this time maybe we'll have better GAP.
Posted by bowlegtroy on :
Filled! Ready...AND...RUN!
Posted by RCAnalyst2007 on :
motto,
I hope you sold your SEVI at 0.032 like I told you yesterday.
Posted by quickpicker on :
Back in at .12 for a couple thousand shares
Posted by RCAnalyst2007 on :
MM's widening the spread. This is good.
Posted by Opethian on :
whats up with the big spread?! not used to seeing a bid 20% under the ask
Posted by RCAnalyst2007 on :
Last 15 minutes. Don't wait till last minute cause I couldn't execute my order last day. It took more than 2 minutes.
Posted by MDP5754 on :
When mm's are short on shares and want to keep a lid on things they create a wide spread to scare investors.
Posted by RCAnalyst2007 on :
Spread. If you take out 2 bid and 2 asks. That's 100% spread. It will be wild on Tuesday.
Posted by RCAnalyst2007 on :
Low float and nice volume. This is awesome.
Posted by Double Diamond on :
It's a thriller. Got a small buy order in (2000 at 0.115).
Posted by RCAnalyst2007 on :
Another thing. There is no point of buying it at the bid price. It will hardly execute. Last 10 minutes only chance you have is buy it at ASK price which will increase the spread.
Posted by RCAnalyst2007 on :
Let's finish nicely.
Posted by special ed on :
slap that ask baby!
good volume, good uptrend, bids stacking, UBSS playing with this one
Posted by matto on :
I WILL SLAP THE ASK AT 4
Posted by RCAnalyst2007 on :
MM's borrowing shares again.
Posted by RCAnalyst2007 on :
Let's get those asks all the way to 0.19.
Don't wait til last minute. MM's may not execute on time.
Posted by Double Diamond on :
Nearly 500 K traded ---- Nice !
Posted by special ed on :
C'mon matto, throw another 2k at her!
Posted by matto on :
PERT RASIED BID
Posted by matto on :
K
Posted by special ed on :
See you guys Tuesday. Have a safe/happy weekend!
Posted by matto on :
MMS CAN PLAY AFTER HOURS
Posted by RCAnalyst2007 on :
can somebody fix my rating. I think this basher lowered it. Preciate it.
Posted by Double Diamond on :
I gave you 5 just 5 minutes ago, but it stayed at 4.
Posted by matto on :
I CAN'T LETS SEE THE CHAR I HOPE I DIDNT WAIT TO LONG!
Posted by matto on :
i think i timed it perfect but someone sold right after my buy
Posted by blduncandc on :
I gave 5 stars to both RC & matto......great job ! ! !
Posted by cali99boy on :
dang.. jumped in *0.14 on impulse... *0.11 now.. hopefully it'll recover come Tuesday
Posted by stocks1984 on :
how many shares did you buy, on your last buy matto?
Posted by Double Diamond on :
I gave both of them 5 as well ! Excellent team !
Posted by matto on :
alot but not enough
Posted by matto on :
Someone put up the t&s on this please i can't get it!
rc hows the chart
Posted by RCAnalyst2007 on :
Closing price is 0.12. Not 0.11. if you look at the chart closing price is in sync with the trend. Nicely done by MM's
And if you follow that trend. Next closing price should 0.20 on wednesday or thursday. Which tells us GAP-UP is a possibility.
Posted by matto on :
lets play the gap on monday, then make the chart prime during the make buys slowly and keep the mms working for this we can beat them they have beaten me to many times!!
Posted by Drunner611 on :
Wow, thanks for the play Matto. I bought 2k worth at .09 and sold perfectly at .18. Your a life saver.
Posted by quickpicker on :
Great play guys. Bought more at .12 late today and will be on board Tuesday looking for another rally. Cheers!
Posted by The Green Demon on :
Don't you think that this will dip a little on Tues morning? Just looking at the chart. I am thinking around .1 am I off base here
Posted by matto on :
Basic Level II Charts News BullBoards Financials Analysis
DIVERSIFIED FINCL RES CP (DVFN:OBB) Create a Membership or Login
+ 0.035 41.18% 511,268 0.19 / 0.09 0.19 / 0.015 Stockscore for 2/17/2006 3:55:00 PM Market Close Stock Scores About Stockscores Sentiment Stockscore 59 Rating Signal Stockscore 23 Rating 40 Day High None 40 Day Low New Low # of Trades 144 Open $0.100 Close $0.120 $Value Volume $61,352.159
Price Indicators Moving Average Indicators 15 Day Trend 45 Day Trend 100 Day Trend MT Moving Avg Crossover N/A LT Moving Avg Crossover N/A Volatility Indicators Abnormal Activity today? None Volatility Index Today High Volatility Index Yesterday High 10 Day Volatility Incr 20 Day Volatility Incr 40 Day Volatility Incr
Price Relativity From 40 Day High 141% From 40 Day Low 600% From 80 Day High 141% From 80 Day Low 600% From 150 Day High 15% From 150 Day Low 632%
Support/Resistance 5 Day Support $0.040 5 Day Resistance $0.090 15 Day Support $0.030 15 Day Resistance $0.090 80 Day Support $0.020 80 Day Resistance $0.090
Pivot Analysis Price Pivot $0.130 Day Resistance 1 $0.180 Day Support 1 $0.080 Day Resistance 2 $0.230 Day Support 2 $0.030 Recent Moves Gain/Loss - 10 day 275% Gain/Loss - 30 day 200% Gain/Loss - 60 day 329% Gain/Loss - 200 day -85%
Consolidations Short Term No Medium Term No Long Term No Today's Trading Gap None Candle Bullish
Volume Indicators Volume Averages 20 Day Avg Vol 93,720 Today / 20 Day Avg Vol Above 150 Day Avg Vol 35,374 Today / 150 Day Avg Vol Above Today's Trading Abnormal Volume Abnormal Volume Abnormal Trades N/A
WILLIAM VOLUME ACCUMULATION: VOLUME PRICE TREND:
Momentum Indicators Trend 10 Day Trend 40 Day Trend 100 Day Trend STOCHASTICS: Neutral RSI: Overbought MACD:
We have broke many records with dvfn, I hope you are all making money evey day we move higher to our goal of $ or $ with news! The trend we have created is unreal! The dd i can provide i will!
Please, I repeat please.DO NOT MAKE A PURCHASE DUE TO MY POSTING, MAKE YOUR OWN DECISIONS AND DO YOUR OWN DD, BUY AND SELL AT YOUR OWN PRICE AT ALL TIMES NEVER LISTEN TO OTHERS!
Posted by The Green Demon on :
you have done well as of late though...Congratulations
Posted by matto on :
monday close - .038 tuesday close - .055 wednesday close- .064 thursday close - .085 friday close - .012
What a cute trend we have!!!!!
Posted by matto on :
We closed .085 thursday opened friday .10 pert and hadsn on .19 which that was the hod closed today.012 pert and hadsn on 1.10 now hmmmmmmmmmmmm how big tuesday we have big potential!!!!!!
Posted by madmoney on :
there are several reasons this is moving, 1 - relativly low float due to the R/S in 08/05, ( 10 billion authorized with nearly 5 billion out before the split ) 2- it is being hyped by those who bought in low and want to sell for a good profit.( nothing wrong with that ).momentem can keep a stock moving leaving room for others to profit. the volume is low probably because many who bought this before the R/S are still way down and not happy about it, hopeing this push will allow them to get out at least even. low volume and fast movement can spell disaster because it can drop as fast as it rose, so beware, also anyone who bothers to actually read the last 10Q has seen the company is just about worthless. in my opinion as ( if ) volume increases into the millions the price could drop as dilution begins in earnest, bag holders will begin to dump and large share holders will sell for whatever they can get while the price is still high, meanwhile the hype will continue to lure investors to buy in on the dip. ( typicle ) more posters will show up ( people who bought in high looking to get out before they lose their shirts ) and try to push the price back up while they average down looking to dump on the next spike. post R/S stocks are risky plays,some can make you money if you buy in at the begining of the run ( front load ) and get some excitement going. but more often than not they just drift back into the 000`s and set up for another round often leaving another bunch of angry bag holders in their wake. technicals are not always accurate indicators, especialy with pinks. several picks have run well recently on hype ( technicals ) and then fallen off along with most of the posters who began the excitement ( and took thier profits, good for them ) some posters have a following, get in when they start to crank up the excitement and bail with a profit into the run ( like they do ) and you could make out or not!. dont get greedy, dont beleive the targets if they get out of hand ( 1000 - 2000 % ) because it rarely happens, just part of the hype. dont invest more than you can afford to lose and always take your profits, a 50/100% gain is HUGE sell and move on or jump back in when it feels right, make your own decisions and accept you gain or loss with dignity. exspect the worst and hope for the best. a small profit on a regular basis will add up in the long run, dont get suckered into holding out for huge gains that never come, volume is very low on this and with all the posters who say they are in it seems unlikely many have made good money on this so far, with the exception of some few who bought in very early and sold into the run. i am sure they made out quite well and will continue to support their pick so that others might have the chance to gain, maybe even jump back in on the dip and make a little more before the inevitable slide. there is nothing wrong with any of this. if you beleive in your pick than by all means support it, hype is fine as long as it`s tempered with a realistic outlook. and remember if you end up walking away from a monster with a modest gain dont regret it because for every winner there is a loser!. be a winner! good luck and happy trading. oh and if this post makes me a basher than i guess i am a basher! again good luck!
Posted by stocks1984 on :
oh yeah!!!! very nice, very nice DD confirmation !
Posted by stocks1984 on :
matto you think we might gap to 1.10 mark? man that would be awesome!
Posted by matto on :
I don't want to make ant guesses on that sorry!
mamoney well put!!!! and yes i mean that!
Posted by Sprintpcs on :
quote:Originally posted by ARTTEACHER: Sprint..perhaps I live in a utopian environment...but,I don't understand the insults..It's fantastic if your mission is to inform people of fraudulent pumps..but have you stopped to look at how many people respect their input...You seem like a very knowlegable person, and as a newbie I respect that..you also appear to be an antogonist and have a chip on your shoulder regarding their fame and following...if you don't like whats being sold...don't buy it...MATTO and RC...regardless of anyone's opinion...I have made $$ today...did my own DD to the best of my ability and have no complaints..so thanks...wouldn't it be great if RC,MATTO and Sprint were all the same person with a severe case of multiple personality disorder!..LOL
Your a teacher but you aren't smart about the art of Pumping. Lesson 101
You know you are a pumper when you.. 1) Give crazy sell points so you can undercut everyone's sell order. You bring enough volume to stop the stock short with AON orders. How is this? How many people have seen a stock move 200-300% in about 3 mintues and no one see'in it run can fill on the way up. Why is that? AON pump...
2) You get about 5-6 people to keep a post towards the top of a forum so everyone can see it. And you only seem to pump the price and what you think it should. You give 0 facts of the current o/s! Call the Transfer agent. You will be surprised how much she has increased since the last 10q.
3) Once the dump comes and you sell to everyones limit order which was not canceled. You take all the cash in the pot which is going into the stock. No longer is the Market Makers inventory being sold to the public. =)
4) You also tend to never talk about the stock again till a bagholder ask's for your help on what the stock has done. Your group that buys makes the money. People fill on the way down. You have about 6 people in your group who you control to post.
5) And if you are really good like Momo was you would even get a company to dilute a stock that ran from .0015 to .0139 all the way down to .0001 then r/s Thats real power not this little pump and dump thing you are doing here. This way a way to make money in the old days.
Recently volume caused PMED to release PR today. Even the stock warrant got some action today!
Posted by matto on :
Yes hes back we will be big again tuesday!!!! What 5 days of wonderful profits twice a day!!! for everyone!ROFLMAO
Posted by Sprintpcs on :
I own over 100m shares of AMVS at .0028 my friend. I have been selling .01+ for weeks. You think I am worrying about your baby shares down here. Trading 6k in a day. Haha I am making 100-200k every 2 weeks. On a SprintPcs Aircard which allows me to surf the web 24/7 and where in the US. No down time! Talking about focused. I even play Forex... I am making big cash.. Matto don't forget to study for test on tuesday. You might miss tuesday.
Posted by matto on :
yea dude sure i read qbid lier
Posted by matto on :
good night!
Posted by jordanreed on :
" Haha I am making 100-200k every 2 weeks. On a SprintPcs Aircard which allows me to surf the web 24/7 and where in the US. No down time! Talking about focused. I even play Forex... I am making big cash.. "
....Holy Moly rocky!!..Youre a millionare!.. Too bad you have to spend time with us ....uh..why do you do that? You should be playing on your yacht in some exotic location instead of wasting time here....strange
Posted by dbrownRC on :
amvs never went that low...im looking at a 52wk low at .018 for amvs and .01 for dkgr...unless you can prove otherwise...i think your full of it sprint
Posted by special ed on :
quote:Originally posted by Sprintpcs: I own over 100m shares of AMVS at .0028 my friend. I have been selling .01+ for weeks. You think I am worrying about your baby shares down here. Trading 6k in a day. Haha I am making 100-200k every 2 weeks. On a SprintPcs Aircard which allows me to surf the web 24/7 and where in the US. No down time! Talking about focused. I even play Forex... I am making big cash.. Matto don't forget to study for test on tuesday. You might miss tuesday.
Yeah, and if I was making 100k a week, I would definitely waste my time posting on the forum! This is a zero-sum game my friend, there will always be those who gain and those who lose. Do I like seeing bagholders - NO, but that is the reality. Nobody told the previous buyers to hold before the R/S. If they would have done their DD, stuck to their gameplan, etc then I'm sure there were more than enough flags going up indicating that they should have sold when then probably ended up doing the opposite and starting averaging down instead of cutting their damn losses short.
Why do I know? Because it's happened to me before and probably has happened to almost every trader at one point in thier trading history. That's the psychology behind people trading and until these individual traders figure out themselves, they'll keep making the same mistakes. So as long as they enjoy being the losers and keep making the same mistakes, I won't mind being the winner.
For those of us that flipped this earlier and got back in hoping for a second serving, I'm sure most of us know what can happen next week. What really matters is what you decide to do at the very instance your trigger gets hit --- do you sell and cut your losses for the day/trade, do you stomach the volatility and go with the trend, or do go off your plan and end up screwing yourself?
You can't blame anyone in here for making a few bucks. Like the saying goes, it's a zero-sum game. The individual can determine themselves if they want to be the winner or the loser.
Posted by andrew on :
Sprint.....Why are you so bitter? Were you abused as a child? Were you adopted and just found out? Are you suffering from depression and the only way to make your self feel better is bashing others? Seriously man, I know I am Crazy...You know what....I can give you the name of my psych. doctor... he's great.
Posted by bowlegtroy on :
quote:Originally posted by Sprintpcs: Call the Transfer agent. You will be surprised how much she has increased since the last 10q.
Well, their last 8k says how much is out there (11/21/2005):
quote: "As of the date hereof, the authorized capital stock of the Company consists of (i)10 billion shares of Common Stock, no par value per share, of which as of the date hereof, 2,381,323 shares are issued and outstanding; 2,000,000 shares of Preferred Stock (A) authorized; of which as of this date hereof 13,150 shares are issued, 50,000,000 shares of Preferred (B) stock are authorized, of which this date hereof 12,100,000 shares are issued (as of November 15, 2005) and no shares reserved for issuance pursuant to options, warrants and other convertible securities. All of such outstanding shares have been, or upon issuance will be, validly issued and are fully paid and nonassessable."
It also says they can issue up to $10m worth of shares to the investor at a pps of 95% of the lowest closing bid price during 5 day period following the notice of the put. If that happened, today, then 200m shares are about to dilute with a price of aprox .04. All 200m of those share would need to be dumped in the next day or 2 in order to have retrieved healthy enough gain for an investor like this.
1. I don't believe it's possible to dump that many at today's pps, without killing the price too much and thereby reducing the overall profit for the investor.
2. Because of 1, I think we are looking at another few days of a healthy run even if the dilution is about to start. The price needs to go up, so when the excess shares are dumped into the market (and I do believe they will be, it's just a matter of when), that the price isn't gouged so much that the investor loses out on better gains. It needs to be high enough to enact a steady fall of the pps, and dump slowly, so not to cause a panic sell off by everyone else at the same time. Investors with $10m know the game, and play it well. Kinda makes me envious of them for having the money to make more money with!
Personally, I believe we have a few days to make some money here. And, maybe you're right, maybe you're not, but one thing is clear: You put things so disrespectfully towards others that you won't gain any respect under the guise of providing your opinion, when you're really only telling others how badly they behave. Most of us got over that sort of behavior in kindergarten: My shirt is cooler than yours, therefore you're stupid. There's no logic there, only a way for you to try to make yourself look better by trying to make someone else look bad.
All I'm trying to say is that perhaps discussing things in a more respectable manner would be more constructive toward stock discussions, instead of destructive toward individuals.
Posted by Hiker on :
Trading 6k in a day. Haha I am making 100-200k every 2 weeks. On a SprintPcs Aircard which allows me to surf the web 24/7 and where in the US. No down time!
People at that level don't hang around forums/boards after hours and bash others. Your just insulting us with your BS..
I've only been part of this community now for a few weeks and monitored this site for a few months forehand...There are leaders here and there are followers...and then there's you.
Please spare us....and get a life...
Posted by SincereX13 on :
Sprint just go away, you are not welcomed here. I tolerated your posts until this last piece of bs. Take your boat loads of cash and peace the f out!
Posted by RCAnalyst2007 on :
What are you guys make out of this report?
Is DVFN secretly making deals with Uranium market? Uranium market is very very hot that's what I know sure. Maybe they've disposed gold mines for Uranium.
Looks like 1 million shares is already purchased at the end of December. That's why we have low float. There is nothing left out there.
So, they're selling 1 million shares to finance their Uranium interests? If that's the deal then 1 million shares should worth something in the long run? Let's say couple of million dollars which means couple of dollars per share.
We have to go above a dollar.
Posted by RCAnalyst2007 on :
Im new to this board and the micro-trade scene as well. I have been watching you guys pick here and doing research based on your picks. I've even begun to try and understand the charts. I just want to say Matto and RCAnalyst are superb at picking winners. Thanks.
Posted by RCAnalyst2007 on :
quote:Originally posted by Mr. Lucky: Im new to this board and the micro-trade scene as well. I have been watching you guys pick here and doing research based on your picks. I've even begun to try and understand the charts. I just want to say Matto and RCAnalyst are superb at picking winners. Thanks.
I'm also new to posting on the board, but I've been following the conversations for a number of days. I appreciate you all being here sharing tips, trends and allowing us to bounce stocks off of you for your input/analysis. I've learned much more here than many of the books/websites I've read.
Indytrader
Posted by Mr. Lucky on :
I agree Indy. Currently my roommate is reading stuff by William Berstein, and Jeremy Seigel both of these guys downplay much of what I've found here on the board. "Charts can't predict the future" this we all know. Charts do indicate trend. I am learning a lot here mostly how to take my research one step further. One can read all the PR available. What I've been missing is "the word on the street". I beleive that one creditable indicator of performance is public perception. This is the one thing that most these "big time" authors fail to teach. The market is really driven by "hunches", and what ppl think is going to happen. That is why companies play so big on PR in an attempt to sway public opinion in their favor. That is why I am here on this board. My way of keeping my ear open to the street even while I'm half a world away.
Posted by wallymac on :
Looks like 1 million shares is already purchased at the end of December. That's why we have low float. There is nothing left out there.
So, they're selling 1 million shares to finance their Uranium interests? If that's the deal then 1 million shares should worth something in the long run? Let's say couple of million dollars which means couple of dollars per share.
We have to go above a dollar.
I have looked every where, and i can't find this co. awsome dd bro!
Is this the next pr to send us to he big money?
Posted by matto on :
If you're are highly paid and partner of Corporate Law company why would you own 1 million shares of a company which doesn't show any value in the books?
That's because they will UPGRADE DVFN to a value company and exercise those shares when they have value. This is how they make big money. Corporate manipulations and SEC don't see any of these.
How will they upgrade DVFN? Let's find out.
I can't find much info about Vanura Uranium but I know that there are Vanura Claims (Uranium mines) in San Miguel, Colorado which is one of the highest reserves in US. There are some mine I think closed back in 1979 due to politics against Nuclear energy. But now that changes especially after Bush's new policy towards new clean Nuclear power plants in 2006. http://www.nei.org/index.asp?catnum=4&catid=883 Posted by matto on :
rc read your pm!
Posted by New_Ventures on :
All that I can say is WOW -- I'm not in but good luck to all who are -- Here is a chart for ya -- look what its done on decent volume -- Has to be thin --
Posted by matto on :
ooooooooohhhhhh Looking sweet
Posted by wallymac on :
I need some help with this one. Here's a filing from last Nov. If I'm reading this correctly, DVFN secured up to $10M in financing.
"On November 21, 2005, Diversified Financial Resources Corp. entered into an Investment Agreement (the "Agreement") with Dutchess Private Equities Fund, LP (the "Investor"). This Agreement provides that, following notice to the Investor, we may put to the Investor up to $10,000,000 of our common stock for a purchase price equal to 95% of the lowest closing bid price of our common stock during the five day period following that notice. The number of shares that we are permitted to put pursuant to the Agreement is up to $100,000 per put. In connection with this Agreement, we agreed to register the shares issuable pursuant to the Agreement. Copies of the Agreement and Registration Rights Agreement are filed as exhibits to this Form 8-K. Item 9.01 Financial Statements and Exhibits"
I can't find anywhere that they have exercised it.
A couple questions:
1. How does a company with very little revenue get this type of money?
2. Why haven't they exercised any of it yet?
3. Why have they gone completely quiet since then?
Is this all a small part in the larger scheme of things.
Vanura Uranium Inc(DVFN) but there are no other filings, news or anything else. Is it possible that Vanura will buyout DVFN who already has the financing in place and begin Uranium business?
Posted by RCAnalyst2007 on :
Yes. It also says. "following notice to the investor". This is the put notice filing which we haven't received yet. 5 days after notice equity will come in.
Posted by RCAnalyst2007 on :
Vanura Uranium could be the new establishment. Corporate Paperwork takes time. Everthing has to be done carefully. Whatever it is expect a future value.
Posted by wallymac on :
Here's the last paragraph that is very interesting.
"On September 30, 2005, the Company entered into an Investment Agreement with Sigma Energy and Exploration, whereby the Company invested $40,000.00 in an interest in Shannon GG Lease Wells 2 & 3. Pursuant to this Agreement, after certain exploration activities, Sigma will assign the Company an undivided 5.3333/32nds (11.359% net) interest in the wells, which includes a 68% net revenue interest in the property. No assignments will be given for dry holes. Further, Sigma will produce each well for $750.00 per month for twelve months. This investment and the sale of the Company's properties over the last two quarters reflects the Company's revised business plan, which includes moving from a real estate holding company to oil and gas investments."
Posted by matto on :
Business Description: Diversified Financial Resources Corporation. The Group's principal activities are to acquire, manage, lease and sale of real estate through its subsidiaries. The Group operates as a real estate holding company. It intends to acquire and manage a diverse portfolio of companies operating in several industry sectors, including but not limited to real estate, mining, and other operations. The Group operates throughout the United States.
Posted by matto on :
Insider & Form 144 Filings - FRISBY, APRIL ELIZABETH Last Updated 16-Feb-06 Enter symbol: symbol lookup
EDGAR Online: Get a Free Trial to EDGAR Online Premium | Full text Search
FRISBY, APRIL ELIZABETH: Declared Holdings Company/Relationship Reported Shares Ownership DIVERSIFIED FINL Beneficial Owner (10% or more) OTC BB:DVFN.OB (historical quotes, profile, other insiders) 25-Aug-05 20,000 Direct
Insider & restricted shareholder transactions reported over the last two years Date Shares Stock Transaction ADVERTISEMENT
25-Aug-05 20,000 DVFN.OB Statement of Ownership
Posted by Sprintpcs on :
quote:Originally posted by dbrownRC: amvs never went that low...im looking at a 52wk low at .018 for amvs and .01 for dkgr...unless you can prove otherwise...i think your full of it sprint
You must not know how to read charts my friend. If you knew anything about AMVS you would know the avg price for a while was around .07. They then did a F/S which doubled the shares each shareholder had and then dropped the price to around .002 where I then even loaded even more shares. You can't see it on the chart now because of the symbol change.
Posted by Sprintpcs on :
Oh man. Notice how many people under 20 post are posting on this thread and others Matto has created. lol Now all of a sudden we have watchers and now they come to your defense. lol Unlike you guys I make a ton one a few stocks and have snap shots to prove it. Anyway you college students have a great time and study for you test on tuesday. Atleast then we won't have any pumps and dumps by you guys.
Posted by wallymac on :
quote:Originally posted by Sprintpcs:
quote:Originally posted by dbrownRC: amvs never went that low...im looking at a 52wk low at .018 for amvs and .01 for dkgr...unless you can prove otherwise...i think your full of it sprint
You must not know how to read charts my friend. If you knew anything about AMVS you would know the avg price for a while was around .07. They then did a F/S which doubled the shares each shareholder had and then dropped the price to around .002 where I then even loaded even more shares. You can't see it on the chart now because of the symbol change.
I thought this thread was about DVFN. If you want to discuss AMVS, I suggest you post on one the many threads already devoted to it.
Posted by Sprintpcs on :
Oh no I will speak about AMVS now DKGR which will by the way will have a huge day on Tuesday. Anyway all of you who bought over .15 on this are very silly and you deserve to lose your cash on this.
Posted by wallymac on :
quote:Originally posted by Sprintpcs: Oh no I will speak about AMVS now DKGR which will by the way will have a huge day on Tuesday. Anyway all of you who bought over .15 on this are very silly and you deserve to lose your cash on this.
Why are you spamming and trying to hijack this thread? With your 100-200K a week go play with the investors of Google.
Posted by matto on :
ROFLMAO--- Oh i am the pumper and dumper! listen you havnt made any money on this and u r sad! please we realy are making alot of cash evrey day for 5 days in a row! thank you for your awsome dd and feed back,and your exceptional skills at picking winners but we are alset now you can help the next stock on the board,they can use your wonderful work! again thank you so much!!!!
Posted by wallymac on :
quote:Originally posted by Sprintpcs: Oh no I will speak about AMVS now DKGR which will by the way will have a huge day on Tuesday. Anyway all of you who bought over .15 on this are very silly and you deserve to lose your cash on this.
By the way on the subject of AMVS/DKGR. I wonder what makes it such a good stock?
Could it be that they now have: No Management team in place Or that they have no equipment and Have yet to acquire any property.
It must be the fact they said: OMG, Gold is hot so let's forget about our current focus and go panning for Gold.
At this time all they have is a dream because they have nothing material.
Posted by RCAnalyst2007 on :
Sprintpcs,
I heard that you work for one of the Market Makers and that's why you are bashing here. Is that true.
Posted by RCAnalyst2007 on :
I have a friend. His name is Timothy Kerban. He works for your competitor and he said he knows your userid on this board. He said you bash the stocks to help MM's.
Posted by matto on :
rc you rule!!!!
I knew there was a reason for all this!
We are beating you here print!
Posted by RCAnalyst2007 on :
Well, MM's need help to keep DVFN exploding.
But Sprintpc is not enough.. we need VerizonBS, CingularASS, Nextelkickass.. where the heck are they?
Posted by RCAnalyst2007 on :
DVFN: Open : 0.25 - 0.30 Tuesday high 0.75 close 0.50 ???
Posted by matto on :
agree 100% rc
Posted by NEL on :
so is sprintpcs trying to get us to panic sell our shares?
Posted by matto on :
He dosent have to try i will sell 180,000 for $1.15
Posted by NEL on :
When you sell at $1.15 will you get back in for the $2.70 run?
Posted by matto on :
yes
Posted by matto on :
No really it all depends on what happens each day we could have pr or not , day by day bud
Posted by NEL on :
I've got some free shares from earlier last week I'm holding, as well as some I will flip next week. Looking forward to the thrill. I am also intrigued by the uranium/investment co. back story. But really just in it for the dough. On and up.
Posted by matto on :
good job flip it daily to make the cash!
Posted by stocks1984 on :
once again if sprintpcs is bashing this stock all weekend and monday, expect this to go up very huge on Tuesday!
Posted by stocks1984 on :
for you newbies and others who do not believe this, check out the JKRI thread! look at the sunday before it took off on monday i believe! View the posts and you'll see sprintpcs bashing the S*** out of JKRI! he did the same for PMED! PMED went up huge! He did the same on DVFN on thursday the day before the big run up! look what happened! Now he will be here over the weekend bashing away !! Were going to go up big next week!
Posted by matto on :
dont worry bud he cant beat us or the mms lol
Posted by madmoney on :
quote:Originally posted by matto: Business Description: Diversified Financial Resources Corporation. The Group's principal activities are to acquire, manage, lease and sale of real estate through its subsidiaries. The Group operates as a real estate holding company. It intends to acquire and manage a diverse portfolio of companies operating in several industry sectors, including but not limited to real estate, mining, and other operations. The Group operates throughout the United States.
Matto this stock has run well over the past few days and will likely continue this trend as more people come on board increasing buying pressure and pushing the price up. however this post by you seems to me to be misleading, ( unintensionaly i am sure ) you are a respected poster here and many are folowing your lead and I am certain you at least have actualy read the last 10Q wich clearly states this company has already sold there realestate holdings to satisfy debt. and as you must also know the deal for the gold mine in mexico fell apart because they failed to make the agreed upon payments. the company states they will be shifting their focus to the oil and gas sector ( why am i not suprised with oil at 60$+ a barrel ) wich is risky and costly to enter. ( over the last year many pinks have shifted thier focus to oil and gas )( in 04 it was homeland security and biotech ) from my post on page 1 of this thread --------read the last 10Q carefully before investing in this!. see it at pink sheets.com look at the leagle procedings, and the lack of revenue, look at the failed attempt to buy into the gold mine and the sale of most if not all of their realestate holdings, small though they were. may be getting ready to dump massive shares on the market. with no income from continueing operations in 05, 10 billion shares authorized, multiple R/S`s over the last three years, latest was 1 for 2000 in 08/05, former directors were penalized by the SEC for stock manipulation and barred from directing any publicly held companies according to the 10Q. think long and hard before jumping in. just my opinion though. do some DD and decide for yourself. good luck!.------------ not trying to bash here but facts are facts. their buisness description may say one thing but they are clearly doing something else, what that is no one knows. wild speculation about uranium is just silly. do they ( posters ) have any idea what is involved with that kind of operation, the costs are enormous. permitting and regulatory procedures, enviromental impact studies, industrial health and safety issues! it would take years and hundreds of millions of dollars!. they may have a chance here but lets be real!. this stock could move well next week and if it breaks a dollar i will be amazed and thrilled for all who make bank, and if the bottom falls out before that i wont be suprised. you have done well to add the occasional disclaimer ( dont by on my opinion, make your own decision ) and i respect you for that. all i have to say is, whoa big fella, to the moon? i dont think so. I would think into orbit is closer to the mark!( i know you never said that, just trying to make a point ). good luck and be cool!!
Posted by matto on :
Hi madmoney, I am very happy I have put a damper on your (MM's) plans no we refuse o give you your shares not even at 1.00. I do have a few questions for you.
1. Why is it you have an intrest in this stock starting on page 12 and not page 1? You have lost alot of money.
2. Is sprintpcs going to lose his job with your company?
3.Was he crying and begging for help on this one because we are beating the crap out of his crazy thoughts?
4. Do you know how much money we are beating out of you! 61,000 friday alone.
5. We will beat you every time i play if you do not beleive me Watch!!!!!!
6. Give him his job back hes ok in my book!
GOTCHA AND ITS NOT OVER!!!!!!!!!!!!!!!! ROFLMAO
Posted by matto on :
SORRY IF IT HURTS BUT THE TRADERS ARE KICKING YUOR A$$!!!!!!!!!
Posted by madmoney on :
note to newbies: never dare to post ANYTHING that EVEN HINTS at being negative on a stock thats in the middle of a run or you will be called a basher or other pathetic nonsense such as that posted by the mighty Matto!. this stock will likely continue to run as i said, because of hype, the low float due to the last R/S and nothing more. bottom line is the company is worthless plain and simple, don`t mean you cant make money on it! beware of b*llshiit thats all. you know i posted on GRYF when it ran, did massive DD, every varifiable fact i posted was true and it was halted by the SEC, I was called a basher right to the end and people lost a fortune. i hope you all make money on this, i sincerly do. just dont convince yourself you are buying a silk purse because this is definately a sows ear. thats all I got!. good luck!
Posted by matto on :
daytraders not investors we flip flop! see above this week alone we all made money and alot.
I never called anyone a basher! I have nothing against you or sprint but to be a tru help to all you need be santa claus to hit every board and every investor and traders wow its amazing how you are here now . But why didnt you tell before i made 15,000. You have nothing ANSWER THE QUESTIONS!!!
Posted by madmoney on :
quote:Originally posted by matto: daytraders not investors we flip flop! see above this week alone we all made money and alot.
I never called anyone a basher! I have nothing against you or sprint but to be a tru help to all you need be santa claus to hit every board and every investor and traders wow its amazing how you are here now . But why didnt you tell before i made 15,000. You have nothing ANSWER THE QUESTIONS!!!
ANSWER WHAT QUESTION?
Posted by BuyTex on :
madmoney,
i feel your pain, and if you know the board? you know how *I am* about informing newbs.
But seriously, I don't get the warning about bashers, "mighty Matto," and silk purses. I *do* see this from Matto:
quote:good job flip it daily to make the cash!
to me, that means flip while the flippin's good...am I missing something?
Posted by matto on :
quote:Originally posted by matto: Hi madmoney, I am very happy I have put a damper on your (MM's) plans no we refuse o give you your shares not even at 1.00. I do have a few questions for you.
1. Why is it you have an intrest in this stock starting on page 12 and not page 1? You have lost alot of money.
2. Is sprintpcs going to lose his job with your company?
3.Was he crying and begging for help on this one because we are beating the crap out of his crazy thoughts?
4. Do you know how much money we are beating out of you! 61,000 friday alone.
5. We will beat you every time i play if you do not beleive me Watch!!!!!!
6. Give him his job back hes ok in my book!
GOTCHA AND ITS NOT OVER!!!!!!!!!!!!!!!! ROFLMAO
These!!
Posted by BuyTex on :
LOL, I understand your position, matto...
Posted by madmoney on :
oh you mean that stupid nonsense.
Posted by matto on :
I have no idea who they are but it is strang!
EVERYONE BUY SELL DO WHAT EVER THE HELL YOU WANT!!!
Posted by madmoney on :
market makers earn hundreds of millions some even billions of dollars a year doing what they do, they dont need to hire people to post on penny stock threads to make extra cash, dont be stupid,you can do better than that!! LMAO
Posted by matto on :
THANK YOU!
ONE MORE WHY DON'T YOU LIKE ME?
Posted by madmoney on :
DVFN -- Diversified Financial Resources Corp. Com (No Par)(New)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 10-QSB
(Mark One)
[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2005.
[ ] Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to.
Commission file number: 000-22373
DIVERSIFIED FINANCIAL RESOURCES CORPORATION
(Exact name of small business issuer as specified in its charter)
Delaware 58-2027283 -------- ---------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.)
8765 Aero Drive, San Diego, CA 92154
(Address of principal executive office) (Zip Code)
(858) 560-8321
(Issuer's telephone number) Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes XX No
Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ____ No X
-------------------------------------------------------------------------------- The number of outstanding shares of the issuer's common stock, no stated par value (the only class of voting stock), as of November 15, 2005 was 2,381,323.
September 30, December 31, 2005 2004 ------------- ------------- (Unaudited) (Note)
ASSETS Current assets: Cash $ 1,696 $ 135,754 Money market funds - 55,252 Receivable from Finance 500 - 26,849 Investments, available for sale, net 450 1,052 Receivables 88,744 3,571 Receivables from employees - 141,342 Receivable - Related Party 3,519 13,264 Prepaid expenses 19,314 44,933 Deposits - 9,174 ------------- ------------- Total current assets 113,723 431,191
Property and equipment, net 3,491 718,346 Note receivable 117,362 - Oil and gas investment 14,000 - Assets held for sale 170,307 - ------------- ------------- $ 418,883 $ 1,149,537 ============= =============
LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 184,135 $ 100,481 Accrued payroll and payroll taxes 396,390 284,885 Accrued expenses 130,626 265,362 Litigation settlement payable 296,499 296,499 Lines-of-credit 262,015 269,692 Notes payable - related parties 75,342 323,517 Notes payable - 716,846 ------------- ------------- Total current liabilities 1,345,007 2,257,282
Commitments and contingencies - -
Stockholders' deficit
Preferred stock; 200,000,000 shares authorized at September 30, 2005 and December 31, 2004; designated as Series A and Series B:
Series A; par value $.001; 1,000,000 shares authorized at September 30, 2005 and December 31, 2004; 13,150 shares issued and outstanding at September 30, 2005 and December 31, 2004 13 13
Series B; no par value; 50,000,000 shares authorized at September 30, 2005 and December 31, 2004; 12,100,000 and no shares issued and outstanding at September 30, 2005 and December 31, 2004, respectively 1,210 -
Common stock; no par value; 10,000,000,000 shares authorized at September 30, 2005 and December 31, 2004; 2,381,323 and 1,040,800 shares issued and outstanding at September 30, 2005 and December 31, 2004, respectively 18,821,820 18,490,075
Additional paid-in capital 228,587 131,487 Accumulated other comprehensive loss (64,551) (63,949) Accumulated deficit (19,913,203) (19,665,371) ------------- ------------- Total stockholders' deficit (926,124) (1,107,745)
------------- -------------
$ 418,883 $ 1,149,537 ============= =============
Note: The consolidated balance sheet at December 31, 2004 has been derived from the audited financial statements at that date but does not include all of the information and disclosures required by U.S. generally accepted accounting principles for complete financial statements.
DIVERSIFIED FINANCIAL RESOURCES CORPORATION STATEMENTS OF OPERATIONS (UNAUDITED)
THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ---------------------- ---------------------- 2005 2004 2005 2004 ---------- ---------- ---------- ----------
Revenue $ - $ - $ - $ 12,910 General and administrative expenses 112,092 1,051,385 752,009 4,298,067 Mining exploration expenses - - 197,162 - ---------- ---------- ---------- ---------- Loss from continuing operations (112,092) (1,051,385) (949,171) (4,285,157)
Interest expense (1,916) (16,789) (43,315) (46,796) Loss on sale of property - - - (272,966) Gain on sale of note receivable 30,000 - 30,000 - ---------- ---------- ---------- ----------
Net loss before equity interest in minority net income, provision for income taxes on continuing operations, and discontinued operations (84,008) (1,068,174) (962,486) (4,604,919)
Provision for income taxes on continuing operations - - - - ---------- ---------- ---------- ---------- Loss before equity interest in minority net income and discontinued operations (84,008) (1,068,174) (962,486) (4,604,919)
Equity interest in minority net income - 5,894 - 66,813 ---------- ---------- ---------- ---------- Net loss from continuing operations (84,008) (1,062,280) (962,486) (4,538,106)
Income (loss) from discontinued operations, net of taxes 771,383 (19,678) 714,654 (85,599) ---------- ---------- ---------- ---------- Net income (loss) $ 687,375 $(1,081,958) $(247,832)$(4,623,705) ========== ========== ========== ==========
Net income (loss) per share - basic and diluted: From continuing operations $ (0.04) $(1,641.85) $ (0.46) $(7,014.07) From discontinued operations 0.32 (30.41) 0.34 (132.30) ---------- ---------- ---------- ----------
Net income (loss) per share - basic and diluted $ 0.28 $(1,672.26) $ (0.12) $(7,146.37) ========== ========== ========== ========== Weighted average number of common shares outstanding - basic and diluted 2,379,918 647 2,080,347 647 ========== ========== ========== ==========
DIVERSIFIED FINANCIAL RESOURCES CORPORATION STATEMENTS OF CASH FLOWS (UNAUDITED)
NINE MONTHS ENDED SEPTEMBER 30, --------------------------------- 2005 2004 ------------- -------------
Cash flows from operating activities of continuing operations: Net loss $ (247,832) $ (4,623,705) Less: Net income (loss) from discontinued operations, net of taxes 714,654 (85,599) ------------- ------------- Net loss from continuing operations (962,486) (4,538,106)
Adjustments to reconcile net loss from continuing operations to net cash used in continuing operating activities: Stock compensation expense 98,985 3,140,941 Depreciation 1,071 8,651 Uncollectible notes receivable - 33,261 Loss on sale of property - 272,966 Changes in assets and liabilities: Receivables 7,590 (19,614) Prepaid expenses (11,214) - Deposits - 5,762 Accounts payable 83,894 51,541 Accrued payroll 154,505 - Accrued expenses 6,921 1,945 Litigation settlement payable - 296,499 Related party payables 130,100 (22,811) Minority interest - (60,228) ------------- ------------- Net cash used in continuing operating activities (490,634) (829,193)
Cash flow from continuing investing activities Redemption of money funds 55,252 - Purchase of oil and gas interest (14,000) - Purchase of equipment (2,698) (5,007) ------------- ------------- Net cash provided by (used for) continuing investing activities 38,554 (5,007)
Cash flows from continuing financing activities Principal payments on notes payable (60,000) (4,468) Issuance of common stock 182,995 880,724 ------------- ------------- Net cash provided by continuing financing activities 122,995 876,256
Net cash provided by (used for) discontinued operations 195,027 (25,570) ------------- -------------
Net increase (decrease) in cash (134,058) 16,486
Cash at begining of year 135,754 8,006 ------------- ------------- Cash at end of year $ 1,696 $ 24,492 ============= =============
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 1. Basis of presentation
The accompanying unaudited consolidated financial statements have been prepared in accordance with both generally accepted accounting principles for interim financial information, and the instructions to Form 10-QSB and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The accompanying financial statements reflect all adjustments (consisting of normal recurring accruals) that are, in the opinion of management, considered necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year.
The financial statements and related disclosures have been prepared with the presumption that users of the interim financial information have read or have access to our audited financial statements for the preceding fiscal year. Accordingly, these financial statements should be read in conjunction with the audited financial statements and the related notes thereto contained in our Annual Report on Form 10-KSB for the year ended December 31, 2004.
The consolidated financial statements include our financial statements and those of our subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
2. Going concern
For the nine months ended September 30, 2005 the Company had no revenues from continuing operations, and had minimal revenue from continuing operations for the year ended December 31, 2004. For the nine months ended September 30, 2005 the Company incurred a net loss from continuing operations of approximately $962,000, and for the year ended December 31, 2004, the Company incurred a net loss of approximately $5.9 million. The Company had negative cash flows from continuing operating activities of approximately $491,000 for the nine months ended September 30, 2005, and had negative cash flows from operating activities of approximately $980,000 for the year ended December 31, 2004.
As of September 30, 2005, the Company had an accumulated deficit of approximately $19.9 million, negative working capital of $1.2 million, current portion of notes payable of approximately $262,000 and accrued employee wages and taxes of approximately $396,000. The Company expects to continue to incur significant losses and negative cash flows from operating activities through at least December 31, 2005, primarily due to our inability to generate revenues sufficient to finance our operations.
The Company's cash resources, limited to borrowings from related parties, sales of equity securities, and proceeds from sale of real estate properties, are not sufficient to cover operating expenses. The Company's low stock price makes raising capital very difficult. The Company's remaining properties are not generating rental income because they are not leased by tenants. As a result, payments to vendors, lenders, and employees have been delayed.
These factors, as well as the risk factors set out elsewhere in the Company's Annual Report on Form 10-KSB, as amended, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management intends to fund operations through the issuance of additional equity or debt instruments or through the sale of assets. There can be no assurance that management's plans will be successful.
3. Reclassifications
Certain prior year amounts have been reclassified to conform to the current year presentation.
4. Acquisition of mining interests in Mexico
In October 2004, the Company entered into a series of agreements to acquire a majority interest in a gold mine operation and mineral leases in Mexico. One of the agreements provided a four-month exclusive option to purchase the mining operations, and $500,000 toward the purchase price was due on April 16, 2005. The Company did not make the required option payment by the due date, and all activities related to acquiring the mining interests in Mexico were curtailed and abandoned in the second quarter of 2005.
In the connection with this transaction, the Company incurred expenses of $24,000, $197,000, and $383,000 during the second quarter of 2005, the first quarter of 2005, and during the fourth quarter of 2004, respectively.
6
-------------------------------------------------------------------------------- 5. Transactions with related parties Nexia Holdings, Inc.
On April 1, 2005, the Company issued a $30,000 note bearing interest at 11.5% to Nexia Holdings, Inc. for cash. The note and accrued interest were due April 22, 2005. On May 11, 2005, the Company issued a $230,000 note bearing interest at 8% to West Jordan Real Estate Holdings, Inc (a subsidiary of Nexia Holdings, Inc.) in exchange for $100,000 in cash and the cancellation of two notes payable and accrued interest to Nexia Holdings, Inc., including the $30,000 note referenced above. This note was forgiven on August 8, 2005 in connection with the Salt Lake Development sale and transaction, as set forth below.
Issuance of Stock to J.R. Chapman
On May 6, 2005, the Company issued 4,000,000 Series B preferred shares to John Chapman, then President and currently Consultant of the Registrant, as payment for accrued office rent from January 2004 to March 2005. The accrued office rent totaled $97,500 and the Series B preferred shares were valued at $400, resulting in a gain on the settlement of this liability totaling $97,100, which was credited to additional paid-in capital.
On May 6, 2005, a resolution of the Board of Directors of the Registrant authorized the issuance of 430,000,000 restricted common stock to be issued to John Chapman, then president and currently Consultant of the Registrant, for partial payment of salary due to him for services in the sum of $43,000. The issuance was carried out pursuant to Section 4 (2) of the Securities Act of 1933.
Sale of Salt Lake Properties
On August 8, 2005, Diversified Financial Resources Corp., a Delaware company, on behalf of it and its subsidiaries (the "Company") entered into a Stock Purchase and Release Agreement, as amended (the "Agreement"), with Diversified Holdings I, Inc., a Nevada corporation, West Jordan Real Estate Holdings, Inc., a Utah corporation and Hudson Consulting Group, Inc., a Nevada corporation (collectively, the "Purchaser"), whereby Diversified Holdings I would acquire the Company's interest in its majority-owned subsidiary, Salt Lake Development Corporation ("SLDC"). SLDC was the owner of a two story building of 15,000 square feet located at 268 West 400 South in Salt Lake City, Utah.
Diversified Financial Resources Corp. had the building on the market for six months prior to the sale on August 8, 2005. Due to its location and its state of repair, there was only limited interest in the building and the Company was unable to complete any sales transactions.
Upon interest from the purchaser, Diversified Financial Resources Corp. thought it was in the best interest of the Company to sell Salt Lake Development Corp. including the mortgage of the building and reducing the Company's overall debt.
In exchange for the interest in SLDC, Purchaser agreed to (1) release the Company from principal and interest owed on promissory notes in the amounts of $230,000 and $150,000, (2) release the company from debts owed to it and its affiliates in the amount of $10,528, (3) will in affect assume the existing mortgage with First Bank of Beverly Hills of approximately $551,000 and (4) pay the Company $20,000 cash. The Company also retained the right to all proceeds and rights of a promissory note in the amount of $116,977 made payable to SLDC or its assignees, arising from the sale or transfer of four condominium units located in the City of Ogden, State of Utah. Closing occurred on September 28, 2005.
On September 4, 2003, Diversified Financial Resources Corp. entered into a loan agreement with Creative Marketing Group, Inc. Said agreement was secured by a Promissory note in the amount of $58,691 bearing simple interest of 2% per month.
The note was due on September 4, 2004 and remained unpaid until the sale of the note to Diversified Holdings I, Inc. a subsidiary of Nexia Holdings on July 13, 2005.
With Diversified Financial Resources Corp. inability to collect coupled with our marketing effort to sell the note and the interest of Diversified Holdings I, Inc. in the Creative Marketing Note, clearly the only solution to resolve the debt at that time. The sale of the note for approximately one half of its value positioned the Company with the knowledge that they would recover at least a portion of the promissory note rather than the company having an uncollected debt on its books. Diversified Financial Resources Corp. knew after two years of collection efforts that this was in the Company's best interest.
On July 13, 2005, Diversified Financial Resources Corp. assigned the promissory note to Diversified Holdings I, Inc., a subsidiary of Nexia Holdings, Inc. in exchange for a cash payment of $30,000. A gain is reflected on the statement of operations due to the receivable being fully reserved. To the best of Diversified Financial Resources Corp. knowledge the note is still remains unpaid and outstanding.
From time to time, Diversified Financial Resources Corp. borrows money from J. R. Chapman, Consultant to the Registrant, to cover immediate expenses. As of September 30, 2005, the receivable from J. R. Chapman these loans is $3519, while the payable to J.R. Chapman is $51,010.
6. Litigation settlement payable
The Company and its former president were named as respondents in a complaint filed by the Securities and Exchange Commission ("SEC"). The civil suit, SEC v. Wolfson, et. al., case number 2:03 CV 0914K, was filed in the United States District Court for the District of Utah. The complaint alleged that the Company and its president failed to accurately and fully disclose the nature of the Company's relationship with the Sukumo Group, Inc. and to timely disclose the execution of the Offshore Purchase Agreement. The complaint further alleged that the Company's president took actions in 2003 to manipulate the price of the Company's stock in the marketplace. The proposed settlement orders the Company's president to pay a civil penalty of $120,000 in installments over a one year term and prohibits him from serving as an officer or director of any publicly held company and from participating in the issuance of any penny stock. The proposed settlement agreement has not been accepted by the U.S. District Court as of the date of this filing.
Mr. Chapman the Company's former president was named as a respondent in a complaint filed by the Securities and Exchange Commission ("SEC"). The civil suit, SEC v. Allen Z. Wolfson, et. al., case number 2:02 CV 1086 (TC), was filed in the United States District Court for the District of Utah. The complaint alleged that Mr. Chapman while the Company's president took actions in 2003 to manipulate the price of the Company's stock in the marketplace. The proposed settlement held Mr. Chapman liable for disgorgement of $64,714, representing profits gained as a result of the conduct alleged in the complaint, plus interest in the amount of $16,785 and a civil penalty of $120,000, payable in installments over a one year term. Additionally, the settlement bars Mr. Chapman from participating in the issuance of any penny stock.
Mr. Chapman, while serving as president, executed the proposed settlement agreement for case number 2:02 CV 1086 (TC) and submitted it to the SEC for approval. The proposed settlement agreement was accepted and filed with the U.S.District Court on April 18, 2005. As required by the final agreement, John Chapman resigned from the Board of Directors and from his positions as President and Chief Executive Officer effective May 6, 2005. Dennis Thompson, a member of the Board of Directors, was named as President and Chief Executive Officer to replace Chapman. The Company filed a Form 8-K dated May 6, 2005 to report these events.
7
-------------------------------------------------------------------------------- 7. Discontinued operations The Company entered into purchase and sale agreements for all of its real estate properties in February, 2005. Accordingly, the Company reported its real estate operations as discontinued operations at March 31, 2005. The original purchase and sale agreements did not close, and management pursued other offers on the properties. The following new purchase and sale agreements were entered into during the second quarter, and closed in the third quarter. Management will continue to pursue the sale of the remaining real estate properties.
On May 10, 2005, the Company, through its subsidiary, Salt Lake Development Corp., entered into an agreement to sell its four condo units located in Ogden, UT for a purchase price of $140,000. These units were located in a building for mixed use which included eighteen condo units on the second floor with vacant retail space on the first floor. Salt Lake Development Corp. lost the building to foreclosure to the former owner Mr. Stacy who in turn, sold the entire property (less the four condo units) to B.I.G. Investment LLC. The building's retail space on the first floor was in disrepair and Diversified Financial Resources Corp. was unable to sell its remaining four units privately until B.I.G. Investment LLC expressed an interest in obtaining the last four units in their building. Diversified Financial Resources Corp. inability to sell the Condos for over six months while on the market and B.I.G. Investment LLC's interest in the units made this transaction desirable for all parties.
There were no appraisals on these four Condo properties and the purchase price was determined by the market analysis of the property along with the purchase price paid per unit by B.I.G. Investment LLC in purchase of the building from the other owner.
From June 30, 2003 up to the sale of date of August 8, 2005, Diversified Financial Resources Corp. had extensive working knowledge of the building, its value and the current leasing rates in the area. These factors coupled with the limited interest in the properties along with Diversified Financial Resources Corp. unwillingness to invest further capital into the four units including obtaining appraisals that would ultimately concur with the fair market value already known to the Company. Therefore, the Company sold the units to B.I.G. Investment LLC. Diversified Financial Resources Corp. believes that based on their knowledge selling the four Condo units is a positive move and beneficial to the Company.
Of this amount, $7,000 will be paid in cash at the closing, $20,400 is credited back to the buyer for the assumption of certain liabilities and closing costs, and the Company will finance the remaining balance of $112,600 over 30 years at 7.5% interest per annum. The entire unpaid balance of principal and interest is due 24 months from the date of the note. The note is secured by a deed of trust and if the buyer defaults on the note, the four properties will be returned to the Company. The transaction closed on July 22, 2005, consistent with all material aspects of the sale agreement. The carrying value of the condos was zero at June 30, 2005. The Company recorded the gain of $117,000 on the sale of the properties in the third quarter, and the gain is included in discontinued operations. Since the sale of the property to B.I.G. Investment LLC, the promissory payments have been current.
On June 28, 2005, the Company, through its subsidiary, Diversified Holdings XIX, Inc., entered into an agreement to sell its residential property located in Murray, UT for a purchase price of $100,000. The transaction closed on July 27, 2005, and the Company received $94,000 after closing costs. The carrying value of this residential property at June 30, 2005 was $59,800. The Company recorded the gain of $37,000 on the sale of the properties in the third quarter, and the gain is included in discontinued operations.
As reported in its Form 8-K filing dated November 2, 2005, on August 8, 2005, Diversified Financial Resources Corp., a Delaware company, on behalf of it and its subsidiaries (the "Company") entered into a Stock Purchase and Release Agreement, as amended (the "Agreement"), with Diversified Holdings I, Inc., a Nevada corporation, West Jordan Real Estate Holdings, Inc., a Utah corporation and Hudson Consulting Group, Inc., a Nevada corporation (collectively, the "Purchaser"), whereby Diversified Holdings I would acquire the Company's interest in its majority-owned subsidiary, Salt Lake Development Corporation ("SLDC"). SLDC was the owner of a two story building of 15,000 square feet located at 268 West 400 South in Salt Lake City, Utah.
In exchange for the interest in SLDC, Purchaser agreed to (1) release the Company from principal and interest owed on promissory notes in the amounts of $230,000 and $150,000, (2) release the company from debts owed to it and its affiliates in the amount of $10,528, and (3) pay the Company $20,000 cash. The Company also retained the right to all proceeds and rights of a promissory note in the amount of $117,000 made payable to SLDC or its assignees, arising from the sale or transfer of four condominium units located in the City of Ogden, State of Utah. The Company recorded the gain of $630,000 on the sale of the SLDC in the third quarter, and the gain is included in discontinued operations.
On September 29, 2005, the Company, through its subsidiary, Diversified Holdings XIX, Inc., sold a duplex located on South 565 East in Salt Lake City, UT to an unaffiliated purchaser. Proceeds from this sale after closing amounted to $89,000, and the Company recorded the gain of $54,000 on the sale of the property in the third quarter as discontinued operations.
In the sale of Salt Lake Development Corp., the Wichita Development Corp. state tax liability in the amount of $45,638.00 was not assumed by the purchaser and therefore remains outstanding liability.
The following table details selected statement of operations information for the discontinued operations.
General and administrative expenses. . . . . . 59,130 1,496 79,758 53,667 ---------------- ---------------- ---------------- ---------------- Loss from discontinued operations. . . . . . . (59,130) 9,254 (73,440) (12,803)
Interest expense . . . . . . . . . . . . . . . (13,561) (28,932) (55,981) (72,795) Gain (loss) on sale of property. . . . . . . . 844,074 - 844,074 - ---------------- ---------------- ---------------- ---------------- Net income (loss) from discontinued operations $ 771,383 $ (19,678) $ 714,653 $ (85,598) ================ ================ ================ ================
8
-------------------------------------------------------------------------------- The assets and liabilities associated with the real estate operations are included in the Consolidated Balance Sheet. The following table details selected balance sheet information for the real estate operations.
September 30, 2005 December 31, 2004 ------------------- ------------------ Other assets . . . . $ 206,106 $ 61,369 Assets held for sale 170,307 714,846 ------------------- ------------------ Total assets . . . . $ 376,413 $ 776,215 =================== ================== Other liabilities. . $ 19,282 $ 63,679 Lines of credit. . . 262,015 269,692 Notes payable. . . . - 656,846 ------------------- ------------------ Total liabilities. . $ 281,297 $ 990,217 =================== ==================
8. On July 11, 2005, the Company's Board of Directors approved a 1 for 2,000 reverse common stock split. All common stock amounts and per share information in the accompanying consolidated financial statements have been retroactively adjusted to reflect this reverse common stock split.
9. On June 13, 2005, Diversified Financial Resources Corp. entered into a fee agreement for legal services. Pursuant to this agreement, the company issued 20,000 shares of common stock (when adjusted for the 2,000 to 1 reverse stock split on August 25, 2005) and options to purchase 1,000,000 shares of common stock at an exercise price of $.05 per share. These options expire Dec. 31, 2010.
10. Recent accounting pronouncements
In May 2005, FASB issued Statement of Financial Accounting Standards No. 154, Accounting Changes and Error Corrections, a replacement of APB Opinion No. 20, Accounting Changes and FASB Statement No. 3, Reporting Accounting Changes in Interim Financial Statements ("SFAS 154"). This Statement replaces APB Opinion No. 20 and FASB Statement No. 3, and changes the requirements for the accounting for and reporting of a change in accounting principle. This Statement applies to all voluntary changes in accounting principle. It also applies to changes required by an accounting pronouncement in the unusual instance that the pronouncement does not include specific transition provisions. When a pronouncement includes specific transition provisions, those provisions should be followed. Opinion 20 previously required that most voluntary changes in accounting principle be recognized by including in net income of the period of the change the cumulative effect of changing to the new accounting principle. This Statement requires retrospective application to prior periods' financial statements of changes in accounting principle, unless it is impracticable to determine either the period-specific effects or the cumulative effect of the change. When it is impracticable to determine the period-specific effects of an accounting change on one or more individual prior periods presented, this Statement requires that the new accounting principle be applied to the balances of assets and liabilities as of the beginning of the earliest period for which retrospective application is practicable and that a corresponding adjustment be made to the opening balance of retained earnings (or other appropriate components of equity or net assets in the statement of financial position) for that period rather than being reported in an income statement. When it is impracticable to determine the cumulative effect of applying a change in accounting principle to all prior periods, this Statement requires that the new accounting principle be applied as if it were adopted prospectively from the earliest date practicable. SFAS 154 is effective for accounting changes and corrections of errors made in fiscal years beginning after December 15, 2005. The Company does not anticipate that the implementation of this standard will have a material impact on its financial position, results of operations or cash flows.
Other significant recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force ("EITF")), the American Institute of Certified Public Accountants, and the SEC are discussed elsewhere in these notes to the consolidated financial statements. In the opinion of management, significant recent accounting pronouncements did not or will not have a material effect on the consolidated financial statements.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS As used herein the term "DFRC" or the "Company" refers to Diversified Financial Resources Corporation, its subsidiaries and predecessors, unless indicated otherwise. DFRC was incorporated in the State of Delaware on January 6, 1993, as Vaxcel, Inc. On December 19, 2000, DFRC changed its name to eLocity Networks, Inc. On August 6, 2002, DFRC changed its name to Diversified Financial Resources Corporation. DFRC currently has four organized subsidiary corporations, Diversified Holdings XIX, Inc., International Natural Resources Corp., Wichita Development Corporation, and Wichita Properties, Inc.
On August 8, 2005, Diversified Financial Resources Corp., a Delaware company, on behalf of it and its subsidiaries (the "Company") entered into a Stock Purchase and Release Agreement, as amended (the "Agreement"), with Diversified Holdings I, Inc., a Nevada corporation, West Jordan Real Estate Holdings, Inc., a Utah corporation and Hudson Consulting Group, Inc., a Nevada corporation (collectively, the "Purchaser"), whereby Diversified Holdings I would acquire the Company's interest in its majority-owned subsidiary, Salt Lake Development Corporation ("SLDC"). SLDC was the owner of a two story building of 15,000 square feet located at 268 West 400 South in Salt Lake City, Utah.
In exchange for the interest in SLDC, Purchaser agreed to (1) release the Company from principal and interest owed on promissory notes in the amounts of $230,000 and $150,000, (2) release the company from debts owed to it and its affiliates in the amount of $10,528 and (3) pay the Company $20,000 cash. The Company also retained the right to all proceeds and rights of a promissory note in the amount of $116,977.00 made payable to SLDC or its assigns, arising from the sale or transfer of four condominium units located in the City of Ogden, State of Utah.
Forward Looking Statements
The information herein contains certain forward looking statements. Investors are cautioned that all forward looking statements involve risks and uncertainty, including, without limitation, the ability of the Company to continue its expansion strategy, changes in the real estate markets, labor and employee benefits, as well as general market conditions, competition, and pricing. Although the Company believes that the assumptions underlying the forward looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward looking statements included in the Form 10-QSB will prove to be accurate. In view of the significant uncertainties inherent in the forward looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
General
DFRC currently operates as a Real Estate Holdings Company and Natural Resources. DFRC intends to scale back its real estate and other business development investigations or operations and focus on acquiring oil and gas operations and mining operations.
Real Estate Investments
The Company is actively pursuing the sale of its remaining real estate properties. As of September 30, 2005, the following properties were sold.
On May 10, 2005, the Company, through its subsidiary, Salt Lake Development Corp., entered into an agreement to sell its four condo units located in Ogden, UT for a purchase price of $140,000. Of this amount, $7,000 will be paid in cash at the closing, $20,400 is credited back to the buyer for the assumption of certain liabilities and closing costs, and the Company will finance the remaining balance of $112,600 over 30 years at 7.5% interest per annum. The entire unpaid balance of principal and interest is due 24 months from the date of the note. The transaction closed on July 22, 2005, consistent with all material aspects of the sale agreement.
On June 28, 2005, the Company, through its subsidiary, Diversified Holdings XIX, Inc., entered into an agreement to sell its residential property located in Murray, UT for a purchase price of $100,000. The transaction closed on July 27, 2005, and the Company received $94,000 after closing costs.
As reported in its Form 8-K filing dated November 2, 2005, on August 8, 2005, Diversified Financial Resources Corp., a Delaware company, on behalf of it and its subsidiaries (the "Company") entered into a Stock Purchase and Release Agreement, as amended (the "Agreement"), with Diversified Holdings I, Inc., a Nevada corporation, West Jordan Real Estate Holdings, Inc., a Utah corporation and Hudson Consulting Group, Inc., a Nevada corporation (collectively, the "Purchaser"), whereby Diversified Holdings I would acquire the Company's interest in its majority-owned subsidiary, Salt Lake Development Corporation ("SLDC"). SLDC was the owner of a two story building of 15,000 square feet located at 268 West 400 South in Salt Lake City, Utah.
In exchange for the interest in SLDC, Purchaser agreed to (1) release the Company from principal and interest owed on promissory notes in the amounts of $230,000 and $150,000, (2) release the company from debts owed to it and its affiliates in the amount of $10,528, and (3) pay the Company $20,000 cash. The Company also retained the right to all proceeds and rights of a promissory note in the amount of $117,000 made payable to SLDC or its assigns, arising from the sale or transfer of four condominium units located in the City of Ogden, State of Utah.
On September 29, 2005, the Company, through its subsidiary, Diversified Holdings XIX, Inc., sold a duplex located on South 565 East in Salt Lake City, UT to an unaffiliated purchaser. Proceeds from this sale after closing amounted to $89,000.
Land and Natural Resources
Mining interests. The Company signed agreements in 2004 with professionals to seek out the potential development of mining opportunities within the Country of Mexico. The Company hired professionals to locate resources and available mining claims, to prepare documents to make claims, and to perform other due diligence procedures. The Mexican mining interests are more fully set forth and described in the Company's 10-KSB/A report for the fiscal year ended December 31, 2004, filed on April 25, 2005.
At the current time, all options held by the Company to acquire mining interests in Mexico have expired of their own terms. All activities related to acquiring mining interests in Mexico were curtailed and abandoned during the second quarter of 2005.
Oil and gas interests. On September 30, 2005, the Company entered into an Investment Agreement with Sigma Energy and Exploration, whereby the Company invested $40,000.00 in an interest in Shannon GG Lease Wells 2 & 3. Pursuant to this Agreement, after certain exploration activities, Sigma will assign the Company an undivided 5.3333/32nds (11.359% net) interest in the wells, which includes a 68% net revenue interest in the property. No assignments will be given for dry holes. This investment and the sale of the Company's properties over the last two quarters reflects the Company's revised business plan, which includes moving from a real estate holding company to oil and gas investments.
The Company is currently analyzing other gold and silver mining opportunities, as well as oil and gas opportunities.
10
-------------------------------------------------------------------------------- Results of Operations
The following discussion and analysis should be considered in light of recent changes in management and operational focus, and should be read in conjunction with the Financial Statements and other disclosures in Form 10KSB/A for the year ended December 31, 2004.
Continuing operations
During the three months ended September 30, 2005 and 2004, the Company had no revenues from continuing operations. During the nine months ended September 30, 2005, the Company had no revenues from continuing operations compared to $13,000 for the 2004 period. The Company is selling its real estate holdings and investing in oil and gas properties, and revenues from continuing operations have yet to be established.
During the three months ended September 30, 2005, the Company's general and administrative expenses were $112,000, representing a $939,000 decrease from the same period in 2004, when general and administrative expenses were $1.1 million. In 2005, and especially in the second quarter, the Company reduced its use of consultants and trimmed its work force. These actions significantly reduced general and administrative expense, and account for $298,000 of the decrease in general and administrative expense for the quarter. The Company also expensed $300,000 and $305,000 in the 2004 period for Director's fees and the SEC settlement, respectively, and the Company did not incur these expenses in the 2005 period which accounts for the remainder of the decrease in general and administrative expense for the 2005 period.
During the nine months ended September 30, 2005, the Company's general and administrative expenses were $752,000, representing a $3.5 million decrease from the same period in 2004, when general and administrative expenses were $4.3 million. In the first quarter of 2004, the Company issued 30,000,000 million restricted common shares to John Chapman for services rendered, and recorded $2.4 million of expense. There was no such stock compensation in the current period. The reduction in the work force accounts for $610,000 of the decrease in general and administrative expense for the 2005 period compared to the 2004 period. The Director's fees were $21,000 for the 2005 period, compared to $300,000 for the 2004 period, resulting in a $279,000 decrease in general and administrative expense for the 2005 period. The Company recorded $26,000 related to the SEC settlement in the 2005 period, compared to $305,000 in the 2004 period, resulting in a $279,000 decrease in general and administrative expense for the 2005 period.
During the three months ended September 30, 2005, the Company did not incur any expenses related to the mining activity in Mexico. During the nine months ended September 30, 2005, the Company incurred expenses related to the mining activity in Mexico totaling $197,000. The Company began incurring expenses related to the mining activity in Mexico during the fourth quarter of 2004. All activities related to acquiring mining interests in Mexico were curtailed and abandoned during the second quarter of 2005 when the Company was not able to make the $500,000 payment required pursuant to the agreements.
During the three months ended September 30, 2005, the Company's net loss from continuing operations was $84,000, representing a $1.0 million improvement from the same period in 2004, when the net loss from continuing operations was $1.1 million. During the nine months ended September 30, 2005, the Company's net loss from continuing operations was $962,000, representing a $3.5 million improvement from the same period in 2004, when the net loss from continuing operations was $4.5 million. The net loss from continuing operations in the 2004 periods included the loss on the trustee sale of a commercial building of $273,000. The improvement in the 2005 net loss from continuing operations for both periods, excluding the loss on property sale, comes from lower general and administrative expenses, which were offset by the increase in expenses related to the mining activity in Mexico.
Discontinued operations
The net income from discontinued operations during the three months ended September, 30, 2005 was $771,000, compared to a net loss from discontinued operations of $20,000 for the 2004 period. The net income from discontinued operations during the nine months ended September 30, 2005 was $715,000, compared to a net loss from discontinued operations of $86,000 for the 2004 period. The Company sold its Salt Lake Development subsidiary, and three of its residential properties during the three months ended September 30, 2005, and recorded a gain of $844,000 on these sales. The Company has two more residential properties that are for sale.
11
-------------------------------------------------------------------------------- Liquidity and Capital Resources
As of September 30, 2005, the Company had current assets of $114,000 compared to current assets of $431,000 as of December 31, 2004. During the nine months ended September 30, 2005, we collected the receivables from employees of $141,000, collected the receivable from Finance 500 of $27,000, redeemed our money market funds of $55,000, and used existing cash balances and proceeds from the sale of properties to help fund operations during the period.
We had a working capital deficit of $1.2 million as of September 30, 2005, compared to a working capital deficit of $1.8 million as of December 31, 2004. The working capital deficit improved primarily because the mortgage on the office building owned by the Salt Lake Development subsidiary was included in the sale of that company. The lines of credit are classified as current liabilities at September 30, 2005 and December 31, 2004, due to our inability to make timely monthly payments.
Total stockholders' deficit was $926,000 as of September 30, 2005, compared to $1.1 million as of December 31, 2004, and the improvement is the net effect of the current loss from operations and the gain on the sale of the properties in discontinued operations.
Net cash flows used by continuing operating activities were $491,000 for the nine months ended September 30, 2005, compared to $829,000 for the same period in 2004. The decrease in cash flows used by continuing operating activities in the current period relates to our limited use of consultants and work force reduction and our attempt to control all costs.
Net cash flows provided by continuing investing activities were $39,000 for the nine months ended September 30, 2005, compared to net cash flows used for continuing investing activities of $5,000 for the same period in 2004. The increase of net cash flows provided by continuing investing activities relates primarily to our liquidation of money funds, which we used to fund operations in 2005.
Net cash flows provided by continuing financing activities were $123,000 for the nine months ended September 30, 2005, compared to net cash flows provided by continuing financing activities of $876,000 for the same period in 2004. We had more option activity in 2004 than in 2005, resulting in decreased cash flows in the current period.
Due to our debt service on the remaining real estate holdings and anticipated expenses related to other operating activities, we may experience cash flow shortages throughout 2005. We plan to raise additional funds through the sale of common stock or issuance of debt to fund such shortages. Our ability to raise additional funds in the future is uncertain, and we may be forced to curtail certain activities if we are not successful in raising additional funds.
Ability to continue as a going concern
Our ability to continue as a going concern is in doubt. We incurred a loss from continuing operations of approximately $962,000 for the nine months ended September 30, 2005; had an accumulated deficit of approximately $19.9 million at September 30, 2005; and had a stockholders' deficit of approximately $926,000 at September 30, 2005.
To date, we financed operations primarily through the issuance of common stock, and more recently through the proceeds from the sale of certain real estate properties. The common stock issuances were made either pursuant to the exercise of stock options or the issuance of stock for services.
We will need to substantially increase operating income, and raise significant additional capital to continue as a going concern. There is no assurance that we will be able to increase operating income or raise additional capital in order to continue as a going concern over the next 12 months. See Note 2 to the financial statements.
Other
On June 13, 2005, Diversified Financial Resources Corp. entered into a fee agreement for legal services. Pursuant to this agreement, the company issued 20,000 shares of common stock (when adjusted for the 2,000 to 1 reverse stock split on August 25, 2005) and options to purchase 1,000,000 shares of common stock at an exercise price of $.05 per share. These options expire Dec. 31, 2010.
ITEM 3. CONTROLS AND PROCEDURES The Company's president acts both as the Company's chief executive officer and chief financial officer ("Certifying Officer") and is responsible for establishing and maintaining disclosure controls and procedures for the Company. The Certifying Officer has concluded (based on his evaluation of these controls and procedures as of September 30, 2005) that the Company's disclosure controls and procedures (as defined in Rule 13a-15(e) or 15(d)-15(e)) under the Securities Exchange Act of 1934) are effective. No significant changes were made in the Company's internal controls over financial reporting or in other factors that could significantly affect those controls in the last fiscal quarter that have materially affected or is reasonably likely to materially affect, the Company's internal control over financial reporting. Due to the Certifying Officer's dual role as chief executive officer and chief financial officer, the Company has no segregation of duties related to internal controls.
Since the filing of DFRC's 10-KSB/A for the period ended December 31, 2004, no material changes have occurred to the legal proceedings reported therein, except as reported herein below. For more information please see DFRC's Form 10-KSB/A for the year ended December 31, 2004, filed November 15, 2005.
Securities and Exchange Commission v. David M. Wolfson, et al. On October 16, 2003 a civil complaint was filed by the Securities and Exchange Commission in which DFRC was named as a respondent. The Company's president John Chapman was also named as a respondent. The suit was filed in the United States District Court for the District of Utah and bears the docket number 2:03CV00914DAK and the style of the case is: "Securities and Exchange Commission v. David M. Wolfson; NuWay Holdings, Inc., a Nevada corporation; Momentous Group, LLC, a Utah limited liability company; Leeward Consulting Group, LLC, a Utah limited liability company; Sukumo Limited, a company incorporated in the British Virgin Islands (a.k.a. Sukumo Group, Ltd., Fujiwara Group, First Chartered Capital Corporation, First Colonial Trust, First China Capital and International Investment Holding); Michael Sydney Newman (A.K.A. Marcus Wiseman); Stem Genetics, Inc., a Utah corporation; Howard H. Robertson; Gino Carlucci; G & G Capital, LLC an Arizona and Utah limited liability company; F10 Oil and Gas Properties, Inc.; Jon H. Marple; Mary E. Blake; Jon R. Marple; Grateful Internet Associates, LLC, a Colorado limited liability company; Diversified Financial Resources Corporation, a Delaware corporation; John Chapman; Valesc Holdings, Inc., a New Jersey corporation; Jeremy D. Kraus; Samuel Cohen; NCI Holdings, Inc., a Nevada corporation." The complaint alleges that the Company failed to accurately and fully disclose the nature of the Company's relationship to The Sukumo Group, Inc., including the failure of Sukumo to complete the purchase of the shares and alleges that Sukumo acted as a selling agent for the Company. The complaint alleges that the Company and Mr. Chapman failed to accurately and fully disclose the nature of the Company's relationship to The Sukumo Group, Inc. and timely disclosure of the execution of the Offshore Purchase Agreement. The complaint further alleges that Mr. Chapman took actions during 2003 to manipulate the price of the Company's stock in the marketplace. The complaint also faults The Sukumo Group Inc.'s actions with regard to the sale of common stock to off shore purchasers for failing to disclose the interest that Sukumo had in each sale, reporting that it was taking a 1-2% commission on the re-sale rather than disclosing that it was keeping 70% of the proceeds of each transaction. The Company has entered into settlement discussions with the SEC which are ongoing at this time.
John Chapman, the Company's former president, was named as a respondent in a complaint filed by the Securities and Exchange Commission ("SEC"). The civil suit, SEC v. Allen Z. Wolfson, et. al., case number 2:02 CV 1086 (TC), was filed in the United States District Court for the District of Utah. The complaint alleges that Mr. Chapman while the Company's president, took actions in 2003 to manipulate the price of the Company's stock in the marketplace. Settlement of this matter as agreed upon between the SEC, the Company and Mr. Chapman holds Mr. Chapman, formerly the president of the Company, liable for disgorgement of $64.714, representing profits gained as a result of the conduct alleged in the complaint, plus interest in the amount of $16,785 and a civil penalty of $120,000, payable in installments over a one year term. Additionally, the settlement bars Mr. Chapman from participating in the issuance of any penny stock.
Mr. Chapman, as president of the Company, executed the proposed settlement agreements. The proposed settlement agreements were accepted and filed with the U.S. District Court on April 18, 2005. As required by the final agreements, John Chapman resigned from the Board of Directors and from his positions as President and Chief Executive Officer effective May 6, 2005. Dennis Thompson, a member of the Board of Directors, was named as President and Chief Executive Officer to replace Chapman. The Company filed a Form 8-K dated May 6, 2005 to report these events.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS On June 13, 2005, Diversified Financial Resources Corp. entered into a fee agreement for legal services. Pursuant to this agreement, the company issued 20,000 shares of common stock (when adjusted for the 2,000 to 1 reverse stock split on August 25, 2005) from its stock plan and options to purchase 1,000,000 shares of common stock at an exercise price of $.05 per share. These options expire Dec. 31, 2010. This issuance was pursuant to Section 4(2) of the Act and/or Regulation D.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.
ITEM 5. OTHER INFORMATION
On July 11, 2005, majority shareholders of the Company took action by written consent to implement a 2000 to 1 reverse split of the Company's common stock. The Company filed a definitive Schedule 14C reporting the action on August 3, 2005. The reverse split was effective on August 24, 2005.
On August 8, 2005, Diversified Financial Resources Corp., a Delaware company, on behalf of it and its subsidiaries (the "Company") entered into a Stock Purchase and Release Agreement, as amended (the "Agreement"), with Diversified Holdings I, Inc., a Nevada corporation, West Jordan Real Estate Holdings, Inc., a Utah corporation and Hudson Consulting Group, Inc., a Nevada corporation (collectively, the "Purchaser"), whereby Diversified Holdings I would acquire the Company's interest in its majority-owned subsidiary, Salt Lake Development Corporation ("SLDC"). SLDC was the owner of a two story building of 15,000 square feet located at 268 West 400 South in Salt Lake City, Utah.
In exchange for the interest in SLDC, Purchaser agreed to (1) release the Company from principal and interest owed on promissory notes in the amounts of $230,000 and $150,000, (2) release the company from debts owed to it and its affiliates in the amount of $10,528, and (3) pay the Company $20,000 cash. The Company also retained the right to all proceeds and rights of a promissory note in the amount of $116,977.00 made payable to SLDC or its assignees, arising from the sale or transfer of four condominium units located in the City of Ogden, State of Utah.
On September 29, 2005, the Company, through its subsidiary, Diversified Holdings XIX, Inc., sold a duplex located on South 565 East in Salt Lake City, UT to an unaffiliated purchaser. Proceeds from this sale after closing amounted to $88,744.22.
On September 30, 2005, the Company entered into an Investment Agreement with Sigma Energy and Exploration, whereby the Company invested $40,000.00 in an interest in Shannon GG Lease Wells 2 & 3. Pursuant to this Agreement, after certain exploration activities, Sigma will assign the Company an undivided 5.3333/32nds (11.359% net) interest in the wells, which includes a 68% net revenue interest in the property. No assignments will be given for dry holes. This investment and the sale of the Company's properties over the last two quarters reflects the Company's revised business plan, which includes moving from a real estate holding company to oil and gas investments.
ITEM 6. EXHIBITS Exhibits. Exhibits required to be attached by Item 601 of Regulation S-B are listed in the Index to Exhibits of this Form 10-QSB, and are incorporated herein by this reference.
INDEX OF EXHIBITS Exhibit No. Description 3(i)(a) * Articles of Incorporation of DFRC (note that these were amended by the Articles of Merger constituting Exhibit 2 to the December 31, 1993 Form 10-KSB) (incorporated herein by reference from Exhibit No. 3(i) to DFRC's Form 10-KSB for the year ended December 31, 1993).
3(i)(b) * Amendment to Certificate of Incorporation dated February 16, 2000 to change name of DFRC from Vaxcel, Inc. to Chattown.com Networks, Inc. (Incorporated by reference from Exhibit 3(i)(b) of DFRC's Form 10-QSB for the six months ended June 30, 2002)
3(i)(c) * Amendment to Certificate of Incorporation dated December 19, 2000 to change name of DFRC from Chattown.com Networks, Inc. to eLocity Networks Corporation (incorporated herein by reference from Exhibit 3(iii) of DFRC's Form 10-KSB for the year ended December 31, 2000).
3(i)d * Amendment to Certificate of Incorporation dated December 23, 2002 to change name of DFRC from eLocity Networks Corporation to Diversified Financial Resources Corporation (incorporated herein by reference from Schedule 14(c) filed August 8, 2002).
3(i)e * Amendment to Certificate of Incorporation to increase the number of authorized shares of common stock to 10,000,000,000 with no stated par value (incorporated herein by reference from Schedule 14(c) filed on March 5, 2004).
3(i)f * Certificate of Designation of Series A Preferred Stock (incorporated herein by reference from Exhibit 3(i)(f) of DFRC's Form 10-QSB for the six months ended June 30, 2005, as amended, filed November 15, 2005).
3(i)g * Certificate of Determination of Series B Preferred Stock (incorporated herein by reference from Schedule 14C filed September 22, 2004).
3(i)(h) * Amendment to Certificate of Incorporation implementing the 2000 to 1 reverse stock split (incorporated herein by reference from Schedule 14(c) filed August 3, 2005.)
3(ii) * Bylaws of DFRC, as amended (incorporated herein by reference from Exhibit 3(ii) of DFRC's Form 10-KSB for the year ended December 31, 1995).
10.1 * Employment Agreement with Dennis Thompson (incorporated herein by reference from DFRC's Form 8-K dated May 6, 2005)
10.2 * Consulting Agreement with John R. Chapman (incorporated herein by reference from DFRC's Form 8-K dated May 6, 2005)
10.3 * Promissory Note with West Jordan Real Estate (incorporated herein by reference from Exhibit 10(3) of DFRC's Form 10-QSB for the six months ended June 30, 2005, as amended, filed November 15, 2005).
10.4 * Stock Purchase and Release Agreement with Diversified Holdings I, Inc. and affiliates (incorporated herein by reference from Exhibit 10.1 of DFRC's Form 8-K filed November 2, 2005).
10.5 * Amendment to Stock Purchase and Release Agreement with Diversified Holdings I, Inc. and affiliates (incorporated herein by reference from Exhibit 10.2 of DFRC's Form 8-K filed November 2, 2005)
10.6 * Investment Agreement with Sigma Energy & Exploration (incorporated herein by reference from Exhibit 10.3 of DFRC's Form 8-K filed November 2, 2005)
31.1 Certification of Chief Executive Officer
31.2 Certification of Chief Financial Officer
32.1 Section 1350 Certification
*Previously filed as indicated and incorporated herein by reference from the referenced filings previously made by DFRC.
SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Diversified Financial Resources Corporation
Date: December 20, 2005
/s/ Dennis Thompson --------------------- Dennis Thompson, President and Director
EXHIBIT 31.1 Certification Pursuant to 18 U.S.C. 1350, as adopted pursuant to 302 of the Sarbanes-Oxley Act of 2002
I, Dennis Thompson, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Diversified Financial Resources Corporation;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;
4. The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(c) Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and
5. The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.
Date: December 20, 2005
/s/ Dennis Thompson --------------------- Dennis Thompson, Chief Executive Officer
Certification Pursuant to 18 U.S.C. 1350, as adopted pursuant to 302 of the Sarbanes-Oxley Act of 2002 I, Dennis Thompson, certify that: 1. I have reviewed this quarterly report on Form 10-QSB of Diversified Financial Resources Corporation;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;
4. The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(c) Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and
5. The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.
CERTIFICATION PURSUANT TO 18 U.S.C. 1350, PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 CERTIFICATION I, Dennis Thompson, Chief Executive Officer and Chief Financial Officer of Diversified Financial Resources Corporation (the "Registrant"), do hereby certify in accordance with 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, based on my knowledge: (1) the Quarterly Report on Form 10-QSB of the Registrant, to which this certification is attached as an exhibit (the "Report"), fully complies with the requirements of section 13(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78m); and (2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.
DATED: December 20, 2005
/s/ Dennis Thompson --------------------- Dennis Thompson Chief Executive Officer and Chief Financial Officer
-------------------------------------------------------------------------------- End of Filing
Posted by BuyTex on :
lol, mad--is that a long way around answering my question?
Posted by madmoney on :
tex: i dont know what your question is. can you be specific
Posted by matto on :
DUDE YOU ARE WASTING PAPER!
Posted by matto on :
tHANKS ITS BEEN FUN MAD HAVE A GOOD WEEKEND!
GOOD NIGHT
Posted by RCAnalyst2007 on :
matto calm down. don't need to bash the basher..focus on technicals.
Posted by madmoney on :
TAKE CARE MATTO!! Posted by wallymac on :
Mad, Is there a reason you posted the whole filing instead of the link? I was able to find this along with a lot of other information by simply clicking on links that were already provided on this thread. Did you bother in your DD to read all the post on this thread and look at the links that were provided? If you had you would have seen this link:
On November 21, 2005, Diversified Financial Resources Corp. entered into an Investment Agreement (the "Agreement") with Dutchess Private Equities Fund, LP (the "Investor"). This Agreement provides that, following notice to the Investor, we may put to the Investor up to $10,000,000 of our common stock for a purchase price equal to 95% of the lowest closing bid price of our common stock during the five day period following that notice. The number of shares that we are permitted to put pursuant to the Agreement is up to $100,000 per put. In connection with this Agreement, we agreed to register the shares issuable pursuant to the Agreement. Copies of the Agreement and Registration Rights Agreement are filed as exhibits to this Form 8-K. Item 9.01 Financial Statements and Exhibits.
Just wondering how a worthless company gets a $10,000,000 Line of credit?
[ February 18, 2006, 22:30: Message edited by: wallymac ]
Posted by madmoney on :
RCAnalyst2007 : HAVE A GOOD NIGHT!. this is the basher signing off!
Posted by BuyTex on :
quote:Originally posted by BuyTex: madmoney,
i feel your pain, and if you know the board? you know how *I am* about informing newbs.
But seriously, I don't get the warning about bashers, "mighty Matto," and silk purses. I *do* see this from Matto:
quote:good job flip it daily to make the cash!
to me, that means flip while the flippin's good...am I missing something?
this was my question, mad
maybe you've settled it???? lol...man, what a turnaround
Posted by RCAnalyst2007 on :
talk to you tomorrow mad money.
Posted by RCAnalyst2007 on :
DVFN: Let's see how well we open up on tuesday.. One thing for sure is that MM's inventory is pretty DRIED UP and I don't think DVFN is diluting more shares either because most likely they're in the process of a big STRUCTURAL CHANGE. PR'S on the way. URANIUM POSSIBILITY is huge.
Posted by matto on :
AGREED BUD SEE U IN THE AM
Posted by RCAnalyst2007 on :
Looks like volume increase is about double every day. So, let's add imagenary numbers for tuesday.
quote:Originally posted by wallymac: Mad, Is there a reason you posted the whole filing instead of the link? I was able to find this along with a lot of other information by simply clicking on links that were already provided on this thread. Did you bother in your DD to read all the post on this thread and look at the links that were provided? If you had you would have seen this link:
On November 21, 2005, Diversified Financial Resources Corp. entered into an Investment Agreement (the "Agreement") with Dutchess Private Equities Fund, LP (the "Investor"). This Agreement provides that, following notice to the Investor, we may put to the Investor up to $10,000,000 of our common stock for a purchase price equal to 95% of the lowest closing bid price of our common stock during the five day period following that notice. The number of shares that we are permitted to put pursuant to the Agreement is up to $100,000 per put. In connection with this Agreement, we agreed to register the shares issuable pursuant to the Agreement. Copies of the Agreement and Registration Rights Agreement are filed as exhibits to this Form 8-K. Item 9.01 Financial Statements and Exhibits.
Just wondering how a worthless company gets a $10,000,000 Line of credit?
every printing press/scam pink on this board gets this kind of financing, nothing special. note the words " up to " and read the whole filing. or just cut and paste the parts you like. call the T/A on tuesday if you want to do some DD.
Posted by wallymac on :
quote:Originally posted by madmoney:
quote:Originally posted by wallymac: Mad, Is there a reason you posted the whole filing instead of the link? I was able to find this along with a lot of other information by simply clicking on links that were already provided on this thread. Did you bother in your DD to read all the post on this thread and look at the links that were provided? If you had you would have seen this link:
On November 21, 2005, Diversified Financial Resources Corp. entered into an Investment Agreement (the "Agreement") with Dutchess Private Equities Fund, LP (the "Investor"). This Agreement provides that, following notice to the Investor, we may put to the Investor up to $10,000,000 of our common stock for a purchase price equal to 95% of the lowest closing bid price of our common stock during the five day period following that notice. The number of shares that we are permitted to put pursuant to the Agreement is up to $100,000 per put. In connection with this Agreement, we agreed to register the shares issuable pursuant to the Agreement. Copies of the Agreement and Registration Rights Agreement are filed as exhibits to this Form 8-K. Item 9.01 Financial Statements and Exhibits.
Just wondering how a worthless company gets a $10,000,000 Line of credit?
every printing press/scam pink on this board gets this kind of financing, nothing special. note the words " up to " and read the whole filing. or just cut and paste the parts you like. call the T/A on tuesday if you want to do some DD.
I provided the link to the whole filing, just click and read away. The words "up to" means just that. They can draw "Up to" that amount. It's like any equity line meaning that you don't have to draw all of it you can draw it in smaller amounts.
Posted by RCAnalyst2007 on :
Mad money,
Think about it. At $1.00 company is worth 2.5 million dollars. It's not worthless. It's all mathematics and corporate paperwork. Everybody benefits from it. Equity companies, Legal companies, shareholders, CEO's and MM's, everybody. There is a reason that 10 million is available. But mostly for company's future value not past.
Posted by special ed on :
quote:Originally posted by stocks1984: for you newbies and others who do not believe this, check out the JKRI thread! look at the sunday before it took off on monday i believe! View the posts and you'll see sprintpcs bashing the S*** out of JKRI! he did the same for PMED! PMED went up huge! He did the same on DVFN on thursday the day before the big run up! look what happened! Now he will be here over the weekend bashing away !! Were going to go up big next week!
Nice find and Analyst06 even drops a name on Sprint's azz! No wonder MM's have such a huge spread going. Here's to looking for that bounce off the trend line come Tuesday/Wednesday! Fingers crossed!
Posted by matto on :
HEHE Who love this game?
Posted by Swab Jockey on :
Matto/RC any thoughts on USXP or CNES???
Posted by matto on :
I have a list the size of the great wall of china in my pm box. I am sorry if i cant give everyone a response but i will try but my focus is in what i am playing wright now! again sorry i will try!
Posted by stocks1984 on :
matto dont worry about the PM's worry about the AM on tuesday! lol
Posted by Swab Jockey on :
That's gud enuff for me thanks
Posted by RCAnalyst2007 on :
DVFN:
Current CV value is %45 which is impressive.
If we continue this volume, the CV (Covariance ratio) should hit around %60 which is excellent for big move and could really mean more than %300 increase on Tuesday. The way I calculate target price is, multiply 200d average that with CV percentage (about %65) which gives me 325d average.
325d average for DVFN is $1.25 So, that whoppingly gives me that target price.
Hey rc, I think the target volume you posted earlier,Is accurate,But they way i see it monday off, tuesday investor or traders are more aggressive! If radars are set off by this weeks performance and with them knowing where the mms are sitting. then we can see 1.5 or even 2 mil. There is no way folks are going to dump this is not your adv.behavior for a stock! three days is the norm before sell off and this has all the signs for gains not sells! do you agree?
Posted by RCAnalyst2007 on :
Good call. I agree with your volume expectation.
Posted by matto on :
Can you imagine if a pr came out on this! Reasons!
1.If i was a major share holder (ceo) and my stock had continued gains for a week and i was working on deals this would provoke me to send out a pr update to the share holders!
2. I could sell some of my position to help move my aquisitions along.
3. Create a bottom line by selling some, now i show a value for my co. and increase the awareness of my co. which intern would create new share holders.
just my thoughts
Posted by Johnwayne on :
Matto- You said one page one of this post that DVFN was 2 maybe 3 day play. What, if anything has caused you to change your mind?
Posted by matto on :
I am sorry but please read back to my tread comments and bring that foward i can explain,but i do not remamber giving a timeline for this run!
Posted by RCAnalyst2007 on :
DVFN: Here is something to think about.
If we have let's say minimum %60 CV ratio that means even bigger volume. Something over 1 million shares. With low float like this MM's gotta do something to control the price. Otherwise the price will fly to $15 which will eventually hurt their pocket.
MM's need to supply shares. There are some available shares above $2 to all the way to $50 but not much. These shares from buyers who bought expensive but couldn't sell before the big drops and reverse splits last 2 years. Some already dumped their shares. Only few kept their shares thinking one day it would go up. But those shares probably would total less than 200,000 shares based on looking at December 2005 volume. If you look at CMF indicator, there is more selling then buying before the R/S. That tell us that available shares are not many.
Those people who bought the stock above dollar and kept the stock for more than a year will eventually sell it around and above $1 levels. But I don't think it's enough to create sell pressure to stock price.
Only sell pressure will come from buyers last 2 days. New Buyers next week will easyly neutralize the sellers who bought cheaper last 2 days.
Posted by RCAnalyst2007 on :
Rc new target for out, or buy more now lmao we have a perfect scenerio on our handss in our favor!
Posted by matto on :
John did you find that statement yet?
Posted by stocks1984 on :
RC whats up with CMF? looks to be heading downward? is this any concern for next week?
Posted by Johnwayne on :
It's half time and I'm reffing a basketball game. Will post later.
Posted by matto on :
k have fun school vacation i coach 3 teams privite school easy week!
Posted by stocks1984 on :
or matto, you know how to read charts, what do you think about CMF on dvfn chart?
Posted by matto on :
is great home making chicken soup and keeping warm
Posted by RCAnalyst2007 on :
stocks1984,
CMF is negative because of some intraday sellers, profit takers, flippers, concerned ones, etc.
We'll have positive money flow on Tuesday and CMF will likely to come back. CMF is a volative indicator. As long as CV is positive CMF is not concern. Take a look at MSFT.
With negative CMF and positive CV. Price didn't go down. Contrary they had big GAP up after that negativ CMF (end of January)
We can create pressure to MM's on Tuesday. Anybody is interested?
Posted by RCAnalyst2007 on :
If you look at the ASK side and look at their spread adjustments. You'll see that 0.51 is their pressure point. Ask Spread is about 50% of the next. Which nicely matches to CV ratio.
1.00 2500 1.01 500 1.01 500 1.01 500 1.14 500 1.40 500
Posted by stocks1984 on :
i dont think we need to create any pressure, unless this is due to not go up? i think were in a fine position
Posted by RCAnalyst2007 on :
So, You see last one is 1.40. Right. %50 of that is what. $0.70.
Posted by matto on :
ok so we hit ?
Posted by stocks1984 on :
keep going
Posted by RCAnalyst2007 on :
Now. Before opening on Tuesday.
If we have enough BUY ORDERS at $0.70. MM's gonna adjust their price to a new spread. It will be higher.
Posted by RCAnalyst2007 on :
We will not execute the BUY orders. Even if it executes you will get the first ASK prices anyway. You can cancel it last minute. They have no choice to increase the spread.
Posted by RCAnalyst2007 on :
This is easy to do with low float stocks. It will be fun.
Posted by stocks1984 on :
how many buy orders of shares need to be used?
Posted by RCAnalyst2007 on :
MM's always adjust the spreads before opening. And they look at the CV ratio along with other indicators.
Posted by RCAnalyst2007 on :
I can put 100K Buy order at 0.70. Don't do too high. It has to match the new spread. 0.70 is right. You will cancel it before opening.
Next step, change your sell orders to 1.40
Posted by matto on :
I want to wait untill eod on tuesday before moving like this!
Posted by RCAnalyst2007 on :
When MM's see Sell price at 1.40 and buy price at 0.70. They will adjust the BID size to higher value. A value that they can borrow at reasonable ratio. My guess BID could move to 0.35-0.40 range. They can create an artificial rally to move price two 0.70 then they drop it back and get their borrowed shares back.
Posted by RCAnalyst2007 on :
I think it's better if break 0.30 level.
Posted by RCAnalyst2007 on :
what are you guys thinking?
Posted by RCAnalyst2007 on :
I think once we hit above 0.50 the 50d average will cross 200d average. That will trigger radars even more.
Posted by RCAnalyst2007 on :
That $1.40 order could be reserved for April Frisby. Who knows?
Posted by RCAnalyst2007 on :
I hate to talk to myself.
Posted by bowlegtroy on :
I'm thinking this is a bad idea! we would be a "group play" that has "frontloaded" if we do this. We'd be no better than momo and gang.
Sorry, this type of thing is just not for me.
Posted by matto on :
sorry cooking and i am going to watch a movie with the fam. be on later
Posted by stocks1984 on :
RC being realistic here, we did not end on HOD on friday. the last tick after hours was .11. CMF is looking to head downward from the chart you posted. RSI is right around 80. Commonly that means overbought! However, time to time there are many stocks that make it above the 80 RSI before retracing downward for the next leg up. OBV is looking great, been going up for the past several days. It is riding on the top bollinger band which to me is bullish, but it doesnt mean that it will keep doing so. I have faith that we might be able to see a double from here but nothing near a dollar this week coming. Dont get me wrong here, i would love to see this hit the 1.00 or 1.20 mark by end of Feb. Just by looking at the TA, it is due for a correction sometime soon. If tuesday brings another 100 percent from current pps. Wonderful i might reconsider my thoughts
Posted by RCAnalyst2007 on :
I would be group play if you actually execute the shares but we will not execute. You will cancel the order right before the market opens.
Of course, you don't have to.
SIMPLE: Set sell order to $1.40 and set buy order to 0.70. Then cancel your orders before it executes. Nothing to worry about.
Posted by BuyTex on :
lol, how many of you BP groupies are on this thread, anyway?
Posted by stocks1984 on :
who are you reffering too? buy
Posted by bowlegtroy on :
I guess what I'm seeing is that if the orders don't execute, then what was the point? The bid/ask was raised pre-market, but goes back to normal at open.
IMHO, that wuld look even worse to folks ready to buy in! Pre-market buyers/watchers: "Wow the price is gapping...!"; After marekt opens: "What happened to the bid/ask...?"
And even if no one does execute their order, then this type of things is still, without a doubt, manipulative. I don't like manipulative situations where some try to make a stock look better by falsely moving the bid/ask - pre, during, or post market is irrelevant!
Yeah, sure you could say that this how MMs play, but ya know....I've learned not to stoop to thier level AND to play within the rules they define (whether we like to admit they define the rules or not).
If it gaps, let it be for the right reasons.
Posted by quickpicker on :
I would be on board to get this moving Tuesday.
Posted by RCAnalyst2007 on :
We will have 2-3 day correction. Every correction has a support line. For a 2.70 target support line for this trend should be in the 0.20-0.30 range which gives us the estimated target at %50 trace is .40-.60 range. But if the support is 0.40-0.50 level then the target is 0.80-1.00 range.
Important thing is MM's need supply. And they cannot guarantee supply at low support levels. They need to create higher support.
I bet nobody will want to sell when we have higher volume on Tuesday. So MM's supply will dry.
Posted by stocks1984 on :
i wish the market was open tommorrow, anxious to see what will happen on Tuesday!
Posted by RCAnalyst2007 on :
I expect GAP UP. Even twice. Why? Cause when you see the first GAP, expectations will rise.
Some of us will sell on Tuesday but that's gonna feed only the new buyers and they gonna have to get back in for a higher cost. Seen it happen so many times.
Posted by bowlegtroy on :
I'm confused:
You went from "This is gon to gap up to .25-.30" to "We will have a 2-3 day correction"???
Dood, love your picks, but stay with us here! Dont go south with a brain fart now! I mean, at least state something like "Perhaps the run is due for a correction and .25-.30 gap is unrealistic come Tuesday, however, I still believe that after a 2-3 day correction, we are lined up for higher pps!"
I personally think she has some juice left come Tuesday....
Posted by matto on :
I am Sorry I do not condone this action in any way,I would like to make it clear in my eyes we are playing the chart and letting the momentum do it it self. I think these actions are what they use in group plays. I respect everyonr on this tread and do not want anyone to get hurt!
I DO NOT WANT TO BE A PART OF THESE ACTIONS!!
play the way you all want to but i am not going to be apart of this.
Understand my position here my name and the saftey of all members of allstocks is for most important to me!!!!
Thank You and good luck!!!!!
Posted by BuyTex on :
quote:Originally posted by stocks1984: who are you reffering too? buy
to the Nomi punkz...not only we don't want one of his picks, we don't wanna help set it up, either.
Time to scram...
Posted by 10of13 on :
NEWBIES...
Anyone new to this keep in mind that YOU are the one hitting the buy sell oreders...all of this SOUNDS wonderful...but YOU ARE in control of what you do...don't blame others when it goes wrong or right...
I have ran into my broker NOT stopping my sell or buy orders...you could run into the same...IT IS YOUR CHOICE...if you play...
HAD to add that guys...good luck with what ever you do...
Posted by matto on :
I am Sorry I do not condone this action in any way,I would like to make it clear in my eyes we are playing the chart and letting the momentum do it it self. I think these actions are what they use in group plays. I respect everyonr on this tread and do not want anyone to get hurt!
I DO NOT WANT TO BE A PART OF THESE ACTIONS!!
play the way you all want to but i am not going to be apart of this.
Understand my position here my name and the saftey of all members of allstocks is for most important to me!!!!
Thank You and good luck!!!!!
Posted by Johnwayne on :
Matto- I must have read it wrong because I can't find anybody that said DVFN was only a 2-3 day play. Sorry for the confusion.
Posted by BuyTex on :
Hey, RCA--what kind of "analyst/broker" are you to come over here and dream up plots like this?
Posted by matto on :
no problem bud! good luck!
Posted by bowlegtroy on :
Thanks for your support Matto! I agree and think BuyTex may have spotted something alarmingly familiar here, but wth a new twist.
RC, I've followed some of your picks since you joined here, but your sign up date is Feb 15, 2006. I'm beginning to feel like you set up some runners, got some followers, and are now trying to lure folks into a group type of game. Just laying it out as I see it from your last set of posts.
So, waht do you *really* think this stock has in store for everyone on Tuesday?
Posted by quickpicker on :
There is always risk. Everyone has to decide for themselves. No one is holding a gun to anyones head. Decide accordingly and deal with whatever happens. Good luck which ever way people choose.
Posted by RCAnalyst2007 on :
Matto,
I respect your decision.
Posted by matto on :
Thank you, rc and i do hope you are not one of them.I respect your ability to play. But I hope you are real and not an outside runner.
Posted by BuyTex on :
lol, no chance, Matto--review the thread: he's plotting from the beginning..
Posted by RCAnalyst2007 on :
matto,
I'm definetly NOT one of them. Like I said, I'm technical. I've been dealing with charts for a long time. Have enough experience. I'm new at this board cause I don't like to speculate and I've been too busy. Only reason I'm here is because gives me a chance to analyze more stocks which at the end gives me more experience. And I'll be happy to share that experience with you guys. Hope I can your trust. That is important to me.
We all learn from each other.
Posted by BuyTex on :
quote:Originally posted by RCAnalyst2007: I have a proposal for you guys.
We can create pressure to MM's on Tuesday. Anybody is interested?
sounds like the leader, to me, lol...
Posted by SuperSniper00 on :
I hope you guys do whatever it takes to drive this to $1.00 because I am sitting on quite a few shares. So that would just be awesome if you did all the work and made me lots of money.
Posted by RCAnalyst2007 on :
I thought playing a little game with MM's would be fun I guess I was wrong.
I'll be ok to leave this board, if I fail your expectations.
Posted by BuyTex on :
ya, SS, understood--but newbs don't need to get trapped in one of MoMo/nomi's schemes...
Too bad they hadda show up on our board at all...
Posted by BuyTex on :
quote:Originally posted by RCAnalyst2007: I thought playing a little game with MM's would be fun I guess I was wrong.
I'll be ok to leave this board, if I fail your expectations.
good--scram, lol
We know who you're playing the games with...
Posted by matto on :
MADMONEY I WOULD LIKE TO SAY I AM VERY SORRY FOR THE THINGS I SAID! I did feel like i was being attacked buy sprint and combined the two of you, for that I was in the wrong. Please understand my position now and forever,I am for everyone to be successsful including yourself. I would like to shake hands and start fresh and work together for one common goal to make money!!
Posted by Johnwayne on :
I'm for giving RC another chance. He helped make me some $$$$. I am not as sophisticated of a trader as some here but I appreciate both him and Matto convincing me to invest in DVFN via these boards!!!
Posted by stocks1984 on :
buy, i do not understand your position here with RC, nomi and MoMO's scheme? do you think they are all apart of this run up with DVFN? I'll be honest here, i bought DVFN based on Matto's recommendation. The next day BOOM! made 100 percent! i bought back in later in the evening on friday and am now holding my position. My feelings about DVFN at the time i bought were great. then it started to tick downard closing at .12 from HOD of .19. Then after hours, maybe im wrong here but ticked down to .11. Now as i stated earlier in my recent post stock looks to be overbought. It has had more than 3 running days. Now it should be expected on Tuesday we should see a dip. But im just guessing here. It could go up! Take a look at PTSH. When PTSH had a huge run up on feb. 14th it dipped the next day and the following under a penny from .02 rally. Why because it was overbrought! JMHO. RSI was at 100! way over bought! I lost some profit there due to not taking them at the EOD of that rally. Because DVFN RSI is at 80 it could possibly move up to 100 driving the price upward but expect a retracement the following day. Personally, i have learn that if you want to come out with a nice profit during a 100 - 300 percent rally, take profits! Because 9-10 times the next day, there will be no rally and you will most likely not time your limit sell and lose some of your profit that you could of had. What goes up most come???? down! JMHO
Posted by stocks1984 on :
sorry it sounds so basic to some of you but had to throw in what i expected
Posted by matto on :
I do believe in my position with this pic! mms dont lie and either does the trend! What i dont want is a group play to destroy what we created!
Tuesday should go as predicted!
Posted by stocks1984 on :
im with you on that!
Posted by RCAnalyst2007 on :
RSI could stay as high as possible. It's not always a selling indicator.
Here is a five day rally from QBID. Similar CV ratio. Even with low CMF.
JohnWayne, you wouldn't happen to be a member over at the site where they cooked this up, would you pilgrim? lol
Stocks1984: This *is* kind of a new wrinkle. Lottsa times they show up pushing a low-floater, regardless of value. In this case, they latched onto a chart play, like "parasites."
The "SprintPCS" character was the "scout" or "decoy," sent in to create confusion and draw fire. The "mole" was the RCA character, who "latched on" to the chart play in the evening, after trading. Basically, he built confidence over the next few days, before trotting out the "bait" today.
The idea seems to be to exploit the gap, leaving those who think they're playing *with* the group are actually gonna wind up in a net...the "dolphins" so to speak, while the con men rake in the tuna...One clue is the quick, high rating of the mole, "pumped up" by other fakes aliases to help fool newbies into thinking it was an "earned" rating...Lottsa other tip-offs, but that's it in a nutshell: A "parasitic" play on an otherwise quick-hitting chart play...
Posted by RCAnalyst2007 on :
DVFN has way low CMF compare to QBID's CMF. QBID 3000% in the first rally and had lot's of floating shares.
Posted by RCAnalyst2007 on :
BuyTex,
You must be the CHARACTER ANALYZER not a STOCK ANALYZER. Cause I don't see your technicals.
Posted by Johnwayne on :
Buy Tex - Ha Ha Ha. You give me too much credit. I'm not smart enough to hang with those guys. I freely admit I'm just getting started in this arena. Been slumming over at Raging Bull for the past year and have watched my $$$ dwindles so thought I'd take a peak at All Stocks. Best of luck to you pilgrim!
Posted by BuyTex on :
quote:Originally posted by RCAnalyst2007: BuyTex,
You must be the CHARACTER ANALYZER not a STOCK ANALYZER. Cause I don't see your technicals.
lol, FINGERPRINTS, man!
Alex's 'prints are all over this...
--still your huckleberry, Tex Posted by RCAnalyst2007 on :
Come on, gimme a quick answer...how many in the crew on this play? Posted by Dustoff101 on :
How come these cats have such a problem with displaying what state they are from..LMAO
I've noticed some will change they're state daily, atleast those that do post a state.
Posted by stringy27 on :
Hey folks. So what should a newbie like me look for with this? Based on what I have gathered from reading these posts the past week or so, Matto and Tex are the most legit. So what are we looking for in regards to this stock this coming week? Thanks in advance.
Posted by RCAnalyst2007 on :
Motto,
I thought BuyTex was attacking me with his B**sh**t. Just wondering with what knowledge he things his value to this board. I don't like to attach to anybody even bashers.
All I'm asking is analysis. I gave him chart 10 minutes ago. All gives me is excuse.
Posted by Dustoff101 on :
---------------------------------------------- How are things at Green Baron,, do ya know those hyenas?? BTW, they on this thing too?
Posted by BuyTex on :
quote:Originally posted by RCAnalyst2007: Motto,
I thought BuyTex was attacking me with his B**sh**t. Just wondering with what knowledge he things his value to this board. I don't like to attach to anybody even bashers.
All I'm asking is analysis. I gave him chart 10 minutes ago. All gives me is excuse.
lol, I *AM* after you, once again...
I'll give it a read, later--cuz those truly interested may want to know.
For now, I'm dealing with you, so quit trying to change the subject. Tell us how long it took you cook this one up and how many assumed aliases you got working with...
Posted by ARTTEACHER on :
Wow...go to the beach for a weekend,leave the laptop behind and come home to a soap opera...
Shady dealings folks...watch yourselves...
Posted by BuyTex on :
quote:Originally posted by ARTTEACHER: Wow...go to the beach for a weekend,leave the laptop behind and come home to a soap opera...
Shady dealings folks...watch yourselves...
lol, they typically make their move on a weekend...
Posted by RCAnalyst2007 on :
BuyTex,
You have no technical knowledge. You are so afraid to give me an analysis. If you have no technical you have no value to this board. You are nothing but a basher.
I'm new to this board and have no relations to anybody.
Posted by imakmony2005 on :
Well hears my take on that chart, movement will be DOWN,sorry.
Posted by RCAnalyst2007 on :
BuyTex,
You are so bad analyzer. You should've told me that the dates are wrong on that chart. It was just a test. You lost.
Anyway. I just wanted to tell you where this stock comes from. So, you better believe where a stock can go in such a short time.
Actually, I'm pretty good at TA, but that's of no concern at the moment.
Quit dodging, man--you're busted. This ain't an attack--more like "citizen's arrest," lol
Hey, tell Alex that was a good idea, to get someone else to do the typing Is he standing over your shoulder, or are y'all communicating IM or sumpin?
Posted by stocks1984 on :
imakmony which stock are you reffering too?
Posted by Dustoff101 on :
RC, why you so afraid to post what state you are from?
All those alias's got ya confused?
Posted by imakmony2005 on :
The thread were on, chart link is posted above by RCAnalyst2007.
Posted by stocks1984 on :
man this is a lot of drama here
Posted by BuyTex on :
quote:Originally posted by RCAnalyst2007: BuyTex,
You are so bad analyzer. You should've told me that the dates are wrong on that chart. It was just a test. You lost.
Anyway. I just wanted to tell you where this stock comes from. So, you better believe where a stock can go in such a short time.
lol, I believe I *already* posted re the bad date; it was one of your crew--I can't keep all you guys' aliases straight, either lol.
It was a test? I lost?
How'd I lose if I didn't take the bait?
Was Alex surprised that I knew someone else was typing for him?
Posted by Dustoff101 on :
Hey Tex, damn man, these guys are a bunch of light weights...No fun at all..
RC, "Analyze This" 3 fingers and thumb down, middle finger up.LMAO
Posted by Johnwayne on :
Stocks 1984- I don't like drama. Fortunately I'm riding free shares. I guess we'll let these guys duke it out and see who's standing because this talk is way over my bald head!! Whatever RCA is doing, or is being accused of doing,he helped me make money on this one and I appreciate that. After being bent over by GCCP this summer I need all the help I can get.
Posted by RCAnalyst2007 on :
BuyTex,
I'll be wise and won't be attacking to you from now on.
All I'm asking is give valuable content to this board. Bashing people is worse than bashing a stock. Somebody told me that your other alias is Sprintpcs who has imaginary boyfriend named Alex.
Posted by imakmony2005 on :
Get the popcorn Dust.
Posted by ARTTEACHER on :
Matto...your thoughts? are we being hustled here? That little voice inside my head, which usually tells me to drink too much beer and look at girls fannies, is now telling me to get out of this stock...Who to trust....
Remember kids...I 've said it before but, "pigs get slaughtered" in this game- My newbie advice...if your up...look out...Don't fall in love with a stock and there will always be another play...if it looks like Sh$T, and smells like sh$t...it probably is... don't be the fool who has to taste it to figure it out....
Posted by BuyTex on :
quote:Originally posted by RCAnalyst2007: BuyTex,
I'll be wise and won't be attacking to you from now on.
All I'm asking is give valuable content to this board. Bashing people is worse than bashing a stock. Somebody told me that your other alias is Sprintpcs who has imaginary boyfriend named Alex.
lol, such a *typical* MoMo/nomi response... *****
Someone raised the question about what "RCA" has been doing to help... nothing. Matto found a chart play, plain and simple; Mo and his crew saw an opportunity to run their latest wrinkle while tagging along.......
The "bait" was offered only today...
Later, guys; son and I gonna enjoy a meal...
Posted by Johnwayne on :
Buy Tex- What "bait" are you referring too?
Posted by Dustoff101 on :
quote:Originally posted by RCAnalyst2007: BuyTex,
I'll be wise and won't be attacking to you from now on.
All I'm asking is give valuable content to this board. Bashing people is worse than bashing a stock. Somebody told me that your other alias is Sprintpcs who has imaginary boyfriend named Alex.
----------------------------------------------- Hey! now you are showing a state, hmmmm good move, but to late...Now all that does without an explaination is raise more doubts...
Geezz, do we have to hold your hand? Or do ya think ya can think on your own for a bit.
Posted by RCAnalyst2007 on :
Why would you need my state anyway? Does it make me better Analyst? I just didn't think it was necessary.
Let's peace out guys.
Posted by stocks1984 on :
yeah well i bought back in around .14 level under my choice. I just would like to make it clear to all investors here, lets stop with the dramatic prediction targets and speak of more on the realistic targets for the week. We cant have people say that this will go to a dollar very soon and then say we should hit .50 this week or 1.00 this this week. And then say we will have a couple days of correction and then the big run up. Its confusing not only all of you but me too! Just think back to each of your stocks that you invested in. When they go up 100 or over percent in one day, what usually happens the following day? DROP! BIG or steadily over the next couple of days! In the world of OTC you never know what could happen. I'm fortunate like others like you here that if i lose all my money that i have invested it is not the end of the world for me! Point is, make sure you invest wisely with money you can afford to lose. I know this sounds back to basics but just cautioning. I hate for someone to buy base on recommendation of an investor here, whether it be matto's, RC's, or any followed investor here. Then lose money and then come on to the board insult either one for losing money. Remember you pushed the trigger! Not anyone else! But please lets be more realistic, if and only, you are trying to help and give advice to others on this board! If you dont give a damn and want to state an outrageous opinion, then go ahead no one is stopping you! Lets stop B****ing and make MONEY!
Posted by Sunnyside on :
quote:Originally posted by RCAnalyst2007: BuyTex,
You have no technical knowledge. You are so afraid to give me an analysis. If you have no technical you have no value to this board. You are nothing but a basher.
I'm new to this board and have no relations to anybody.
Lets see, ah, you're here for four days and you've become the authority? lol
Its unlikely that Mr. Tex has anything to prove to the likes of you. I thought you said you are leaving the board. I thought I recall someone telling you to scram. You still here?
Your chart on NTRN sucks and if it does run then that will be further proof that you're hooked up with some gang bang.
Alls I know is that I watched this thread and saw how you injected yourself into matto's play, hyping it with all your chart speak and lofty predictions and then tried to organize a group f*** right here. Bad judgment IMHO.
I heard about this MM Gap and Trap play before, trapping everyone at the top and suckering in players with fake bids. Go play somewhere else.
Posted by IWISHIHAD on :
RCAnalyst2007,
There is one thing that many investors do not like on this board, that is someone that sets up new investors by showing how much knowledge they have on the stocks. It is nice if you are here to help them with the charts, but do understand that other investors can read a chart. To me the charts are like reading a race form at the track, it gives you all the past performances but you also better watch what's happening today and for stocks in the future. People win at the race track by picking many different ways, and a very few times the race is fixed so a very few can win. What some of the very savvy investors on this board are trying to make sure of, is that people are not fixing the race at the expense of new investors. I sure hope you are not one of these guys that fixes the race(stock). When I invest I check many things out and make sure that my horseshoe and four leaf clover are in place.
Posted by RCAnalyst2007 on :
I've been doing Technical analysis for more than 6 years. I'm not new to stocks. I'm just new to Allstocks. I've been tracking DVFN for more than a year. I work alone. I don't need anybody. I can make my own money.
I thought I would be nice give some technical insight to people at this board. But unfortunately there is a dark side at this board. As soon as I defended myself from BuyTex I see others popping up..defending him.. Now, if that's not a group play, what is it?
Do you see anybody defending me.. No. Cause i'm not part of any group. Just joined here give you insight. Unlike Sunnyside,Buytex and other gang members, some people appriciate me adding value to this board. I didn't rank myself.
I will continue to give my analysis to this board and ignore the rednecks and fishermen.
Posted by SuperSniper00 on :
Everyone who invests knows its a gamble. Nothing is guarenteed unless you're buying a CD. And everyone knows that pennies are usually scams and dangerous, but you can still make some nice coin.
Please everyone make DVFN go up. I want to make money.
Posted by Johnwayne on :
RCA- I would defend you because you helped make me some money. But in all reality I am not a worthy ally. I know too little about stocks to fully understand what others on this board are accusing you of. So unless your doing something illegal you did good by me and that's good enough for me.
Posted by BuyTex on :
lol, another new wrinkle; just got a PM from yet another new alias, addressed to Bumbtex and using some of Nomi/Mo/Alex's terminology that I recognize:
quote:Hey whats up my hell huckelberry,
Listen bro I was Sprintpcs. I don't know why the hell you guys banned me. RCA and Matto are working together bro. They are all in Jmicheals pump group from yahoo. Why the hell do you think everything Matto calls runs. He is messing with JM's and Moons to jumps pump group. I only came back to bother you and Bearclaw about CNES. Honestly Matto is in this deeper then you think. Almost how I was when i first came on this site. I am not sure what you can do about it but I am 100% sure he is dealing with a pump group. And you know my group doesn't do group plays anymore. So talk to you later an try not to get this name booted. I might have some nice info for you to look into about this naked shorting crap! So this is between you and I. Check you later old man.
Take it for what it's worth; me, I think it's simply more "confusion." Anyway, won't keep such PMs private...
Posted by RCAnalyst2007 on :
IWISHIHAD,
I understand i'm new at the board. But that doesn't mean I'm gonna let people discredit me.
My purpose is simple. Understand what's going on with the stock, look at technical values, look at MM's behaviours, look at fundemantal, look at PR's, look at ownerships, look at filings, look at relationships with other others, look at CEO's family members, look at companies Legal firms, look at who prepared the reports and their relationships other stocks, look at everything possibly you can at. Sometimes I spend hours and days. It's a lot of work. It requires time and effort.
But it ticks me off when somebody tries to discredit my efforts. They just think I'm a person like THEM. There is an old saying "A THIEF IS SCARED OF BEING RUBBED"
Posted by RCAnalyst2007 on :
When company annouces Uranium deal you guys thank me.
Posted by matto on :
I was wondering what happed to him?
Posted by matto on :
I would love to see that pr!
Posted by RCAnalyst2007 on :
No them posting a pr. on tuesday or wednesday!
Posted by Dustoff101 on :
quote:Originally posted by RCAnalyst2007: IWISHIHAD,
I understand i'm new at the board. But that doesn't mean I'm gonna let people discredit me.
My purpose is simple. Understand what's going on with the stock, look at technical values, look at MM's behaviours, look at fundemantal, look at PR's, look at ownerships, look at filings, look at relationships with other others, look at CEO's family members, look at companies Legal firms, look at who prepared the reports and their relationships other stocks, look at everything possibly you can at. Sometimes I spend hours and days. It's a lot of work. It requires time and effort.
But it ticks me off when somebody tries to discredit my efforts. They just think I'm a person like THEM. There is an old saying "A THIEF IS SCARED OF BEING RUBBED"
---------------------------------------------- LMAO! Wow to funny! What in the world is being "RUBBED"?
Posted by BuyTex on :
quote:Originally posted by RCAnalyst2007: IWISHIHAD,
I understand i'm new at the board. But that doesn't mean I'm gonna let people discredit me.
My purpose is simple. Understand what's going on with the stock, look at technical values, look at MM's behaviours, look at fundemantal, look at PR's, look at ownerships, look at filings, look at relationships with other others, look at CEO's family members, look at companies Legal firms, look at who prepared the reports and their relationships other stocks, look at everything possibly you can at. Sometimes I spend hours and days. It's a lot of work. It requires time and effort.
But it ticks me off when somebody tries to discredit my efforts. They just think I'm a person like THEM. There is an old saying "A THIEF IS SCARED OF BEING RUBBED"
lol, all peeps gotta do is start reading right here:
quote: I have a proposal for you guys.
We can create pressure to MM's on Tuesday. Anybody is interested?
Posted by matto on :
quote:Originally posted by Chinaman: Everything was fine until you mentioned my name and my group. Buytex and all those who bashed what is going on here with RCA and this clown Matto is the same exact thing I did when I first came here. Only thing is we did it better for Higher % change. All of you guys here wnt to fall for this crap then so be it. Buytex there are other pumpers besides myself out there. Not to mention since I create my site I have not needed to come here anymore. Allstock is full of rookies with 200 dollars to play with. You guys can have fun bashing this RCA fool. And Matto your a punk and your in moon2jumps group. lol HE CALLS the plays and post them here for everyone to buy. Please no skill in that.
ptsh grxi bany I have never seen so many morons in my life
Wow those were rockets man! ROFLMAO!
Is this nomi? or who i am confused Oh thats right i posted your vcty,mabaw give me a break! Go to your hole
Posted by BuyTex on :
Swanee River, such language!
quote:without Buytex who makes no cash in the market giving his stupid arse input!
That's why you wanted me to play along with this alias, and get some good NSS info, right?
Posted by matto on :
All the fools will be gone tuesday! Running groups and ripping everyone apart!
Posted by RCAnalyst2007 on :
Buytex,
I also said "You will cancel your orders before opening". Tell you buddy Dustoff01 it was a typo.
"A THIEF IS SCARED OF BEING ROBBED"
So, I'm not like you guys.
MM GAP experiment was play, I wanted try. Purpose was not the pumping stock, it was understanding MM's actions, how they adjust spread. But people got me wrong. They thought it was a group play or whatever.
Analysing MM's is important part of defining the target price.
Posted by matto on :
I am wondering how and why I became a target I never offended anyone, I post stock's for valid reasons! Someone help me understand this please!
Posted by Sunnyside on :
quote:Originally posted by bowlegtroy: I guess what I'm seeing is that if the orders don't execute, then what was the point? The bid/ask was raised pre-market, but goes back to normal at open.
IMHO, that wuld look even worse to folks ready to buy in! Pre-market buyers/watchers: "Wow the price is gapping...!"; After marekt opens: "What happened to the bid/ask...?"
And even if no one does execute their order, then this type of things is still, without a doubt, manipulative. I don't like manipulative situations where some try to make a stock look better by falsely moving the bid/ask - pre, during, or post market is irrelevant!
Yeah, sure you could say that this how MMs play, but ya know....I've learned not to stoop to thier level AND to play within the rules they define (whether we like to admit they define the rules or not).
If it gaps, let it be for the right reasons.
For all of you newbies who don't understand what RC is being accused of this should make it more than clear. I understand alot of you made good cash on matto's play, but watch your step with all this hype from someone "supposedly" here to provide you with his years of wisdom,and then try to suck you into a manipulation scheme. That's the message.
Posted by Dustoff101 on :
About RC...He is starting to lose it! Anytime now he'll start to spelling in some kind of strange Manic Depressive language..
To funny! LMAO
Posted by Dustoff101 on :
quote:Originally posted by RCAnalyst2007: Buytex,
I also said "You will cancel your orders before opening". Tell you buddy Dustoff01 it was a typo.
"A THIEF IS SCARED OF BEING ROBBED"
So, I'm not like you guys.
MM GAP experiment was play, I wanted try. Purpose was not the pumping stock, it was understanding MM's actions, how they adjust spread. But people got me wrong. They thought it was a group play or whatever.
Analysing MM's is important part of defining the target price.
------------------------------------------- Yep!! Blast Off !!! Here he goes...He is just to easy to trip up! LMAO
Posted by RCAnalyst2007 on :
Dustoff101,
You have so many posts. Must be a good Basher.
Posted by matto on :
oh i know why!!
Posted by RCAnalyst2007 on :
Dustoff101,
Why don't go catch more fish since you don't know anything about technicals. Man you stink like ***** !
Posted by matto on :
quote:Originally posted by matto: I am Sorry I do not condone this action in any way,I would like to make it clear in my eyes we are playing the chart and letting the momentum do it it self. I think these actions are what they use in group plays. I respect everyonr on this tread and do not want anyone to get hurt!
I DO NOT WANT TO BE A PART OF THESE ACTIONS!!
play the way you all want to but i am not going to be apart of this.
Understand my position here my name and the saftey of all members of allstocks is for most important to me!!!!
Thank You and good luck!!!!!
This is why!!!!
Posted by Dustoff101 on :
quote:Originally posted by RCAnalyst2007: Buytex,
I also said "You will cancel your orders before opening". Tell you buddy Dustoff01 it was a typo.
"A THIEF IS SCARED OF BEING ROBBED"
So, I'm not like you guys.
MM GAP experiment was play, I wanted try. Purpose was not the pumping stock, it was understanding MM's actions, how they adjust spread. But people got me wrong. They thought it was a group play or whatever.
Analysing MM's is important part of defining the target price.
---------------------------------------------- Well for such a great Analyzer, you can't even spell the word! LOL Analysing? lol
Posted by RCAnalyst2007 on :
Guys,
I recommend you read my posts and understand it better. It's not group play. Group play is when you execute. This is a way to understand MM's spread calculations and adjustments.
quote:Originally posted by RCAnalyst2007: Dustoff101,
Why don't go catch more fish since you don't know anything about technicals. Man you stink like ***** !
------------------------------------------------ Your post reads like a little kid in the school yard writing on the wall..Geezz kiddo, that all ya got?
Posted by Dustoff101 on :
quote:Originally posted by RCAnalyst2007: Dustoff101,
You have so many posts. Must be a good Basher.
------------------------------------------------ Hey Dumplin' my record on allstocks speaks for itself..
Posted by RCAnalyst2007 on :
There is a chance we might open at $1.00 on Tuesday. If the buying pressure is good enough and some news is out.
Posted by RCAnalyst2007 on :
Good night guys. See you Tuesday.
Posted by RCAnalyst2007 on :
OPEN AT $1.00.
Posted by RCAnalyst2007 on :
OPEN AT $1.00.
Posted by RCAnalyst2007 on :
OPEN AT $1.00.
Posted by imakmony2005 on :
Hey i just got done watching a Ron white comedy called (Tater Salad) funny as hell he might be what you call a redneck, #2 Im a Fisherman so shut the hell up on that as well. Stick to the stock that your in love with here.
Posted by bmwboyee on :
ha ha, i got my popcorn for this GREAT show on tuesday........lmao
Posted by Johnwayne on :
Guys- Is there a site where I can find out more about the charts? RSI, Bollinger, Candlesticks, MACD etc? I didn't put much faith in charts with pennies but I'm starting to figure out that's why I've lost most of my money until DVFN. Thanks/good luck
Posted by matto on :
Got your message Matto. Thanks.
Posted by andrew on :
Wow...I have been reading through the last couple of pages. Many bashers have shown up on this thread. Matto, RC keep doing what you are doing. It soulnds like these bashers probably lost alot of money on the past RS and are very bitter. Guys, thank you for the insight and thanks for the education.
Posted by Dustoff101 on :
quote:Originally posted by andrew: Wow...I have been reading through the last couple of pages. Many bashers have shown up on this thread. Matto, RC keep doing what you are doing. It soulnds like these bashers probably lost alot of money on the past RS and are very bitter. Guys, thank you for the insight and thanks for the education.
------------------------------------------------- Andrew, think again...We are not bashing the stock, just manipulative con artists jumping in here and writing of ways to fix the game..
If you think thats bashing, your in for a big surprise, dude.
If you back people like RC, that tells me alot about you. 'Birds of a feather" ?
Posted by NEL on :
This has turned into quite the soap opera. Really, what do all experts expect for Tuesday? I'm still thinking a run here.
Posted by BuyTex on :
lol, *nobody* said it can't run; all that happened was a group got caught trying to use Allstocks to manipulate the gap up in order for their own group to profit more...
Posted by stocks1984 on :
Lets make a deal here?
Posted by stocks1984 on :
scroll up several posts till you come across RC's posts saying "open at 1.00"
Posted by stocks1984 on :
ok mark that post or just remember that RC said "open at 1.00". even though he stated before hand that it "could" open at 1.00. He still qouted in three different posts "open at 1.00". A post like this tells me he feels very strong that this will open at 1.00 or head up to 1.00 on Tuesday, right?
Posted by stocks1984 on :
Ok so lets say when Tuesday comes along and at the eod if the pps does not reach 1.00 or even come close to the price i'll give him a range starting from .50 to 1.00. If we do not land in that area of pps, then we can all ignore RC because of his comment? fair? I have nothing against RC except for his master plans on the whole buying pressure deal. But i just thought i give many of you new comers here an option here. Again i have nothing against RC or anyone on here.
Posted by Dustoff101 on :
quote:Originally posted by BuyTex: lol, *nobody* said it can't run; all that happened was a group got caught trying to use Allstocks to manipulate the gap up in order for their own group to profit more...
----------------------------------------------- As usual, perfectly stated...
Man O man, you must really be a Burr under the City Slickers Saddle..
Posted by SuperSniper00 on :
You all need to shut the hell up. This stock has went up 70% since matto posted it. If you guys are too f'n dumb to sell and take a 70% profit then I really hope you all lose all of your money.
All this bickering is silly and lame. If you have a damn stock pick, post it, provide support why you think its gonna go up and let everyone decide for themselves. If you dont do your own DD you're prolly gonna lose money. So blaming any loses on a pump and dump group is stupid. That loss is due to a lack of research and you probably blindly dumping your money on what some person who you have no idea is said to buy it.
Posted by BuyTex on :
easy on the cussin, bro...
the "bickering" ain't silly, either; an outside group tried to hijack Matto's thread for their own purposes.
Posted by SuperSniper00 on :
Sorry man but this is just ridiculous. This thread just needs to be locked, its gotten out of hand.
Posted by Graham Charitable Trust on :
People!!! I'm sorry I don't come on Allstocks.com to find out whats happening with RC & Matto Vs. The world, please make a thread for that in another section. Last time I check this is titled DVFN in microcap under .10 (for which you know you are asking for trouble anyway).
<b>Please</b>, FOR quick reference on Tuesday I would prefer to see a board not infested with superfluous bull**** that has nothing to do with the stock or betterment of my investing, thank you
Posted by BuyTex on :
yup, needs to be stock talk, agreed. So, what y'all got to say about the stock?
Posted by special ed on :
wow! Drama for your momma! Thanks Dustoff and Tex for keeping things in check.
Either way, I can't complain since I took profits on Friday and hoping for a little extra come Tuesday/Wednesday. Like I said, looking for gas money for next month and looking for that bounce off the trend line. If it doesn't look like it's gonna happen, I'll cut my losses short on this second flip group play or not.
Should be interesting come Tuesday's bell.
Posted by bowlegtroy on :
ok, so now that the BS factor has died down....What's the STOCK factor looks like to matto/buytex/etc?
I may eat my hat, but I'll put my opinion out there anyhow. My opinion: Still got some juice on Tuesday. *Maybe* a gap up, but not .25, more like .18 *if* it does at all!
More opinions?
Posted by icecold on :
quote:Originally posted by RCAnalyst2007: OPEN AT $1.00.
If this happens, I am all set to goto Lexus dealer to order as IS350.
Posted by RCAnalyst2007 on :
DVFN:
I've been doing research on DVFN for months. Keep finding interesting info.
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DAY TRADING NOT INVESTING HOLY CRAP I AM![[Big Grin]](biggrin.gif)
DVFN ![[Smile]](smile.gif)
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But why didnt you tell before i made 15,000. You have nothing ANSWER THE QUESTIONS!!!
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