Going in on this dip. Thanks Jeff!
Posted by lilpennypincher on :
1 x .005
1 x .0053 1 x .0054
Posted by FatherOfTwo on :
I picked up some at 52 at 53.....
BTW.. this is also on the sho list, so with some buying pressure, the shorts will have to cover, thus adding to the buying pressure!
Posted by FatherOfTwo on :
quote:Originally posted by lilpennypincher: 1 x .005
1 x .0053 1 x .0054
Bid is building.....
Now Bid 3 at .005
Ask 1 * .0053
Posted by Clyde_Crashcup on :
I'm in - the chart looks great. Ready to bounce.
Posted by FatherOfTwo on :
I just got 100k more at .005!
Posted by lilpennypincher on :
here's the dip. Gonna' get some more my self. I love the chart.
Lets make them PAY!!!!
Posted by lilpennypincher on :
Going to the Dr's. Have fun Jeff. I'm in and it looks HOT!
Posted by FatherOfTwo on :
bounce is over and she is climbing back up!
Posted by Duckhunter on :
I was in at .005 chart looks sweet.
Posted by FatherOfTwo on :
volume slowed down a little, but the chart is showing the MACD cross, rsi trending upward, williams coming out of oversold and great separation on the slow stochs.
I am heading to Wash DC on Wed and won't get to see how high she goes, but I am confident that .015 is not out of the question, and that is where I am setting my sell....
Posted by Clyde_Crashcup on :
quote:Originally posted by FatherOfTwo: volume slowed down a little, but the chart is showing the MACD cross, rsi trending upward, williams coming out of oversold and great separation on the slow stochs.
I am heading to Wash DC on Wed and won't get to see how high she goes, but I am confident that .015 is not out of the question, and that is where I am setting my sell....
It is a nice looking chart. I won't predict a price but I think you could be right on due to the small float (19 mil).
Posted by Double Diamond on :
In as well
Posted by EverGreen on :
i think it will bounce at .0044 and try again .007 (50dma) and .0125 (100dma)
quote:Originally posted by FatherOfTwo: volume slowed down a little, but the chart is showing the MACD cross, rsi trending upward, williams coming out of oversold and great separation on the slow stochs.
Posted by FatherOfTwo on :
Nice 1 million share buy at the ask!
Posted by Double Diamond on :
Mayday Mayday (=MM),
We're trading today the float ... 19.6 million.
They will have to let her go !!!!!
Posted by FatherOfTwo on :
It is trading htat much, because the MM's have shorted her!
I am holding tight, as they will have to let it go to begin covering......
Posted by Double Diamond on :
I'm going back in there, to relieve MM's from some more ...
Posted by lilpennypincher on :
See it had a volume boost but, traded back and forth. Looks great on the chart and I say a little flirting with the 50 day over the next day or two. Chart is certainly primed.
Watch for the break! I just like being in early!
Posted by FatherOfTwo on :
little late day action causing the bxa to jump...
50 x 51 now! Posted by lilpennypincher on :
Nice close. Looking good for tomorrow.
Posted by FatherOfTwo on :
And Check out NITE's 10000 sharecount buy size on the bid.... I haven't seen that before! He must really want some shares!
Posted by EverGreen on :
if break .007 it's building a cup (to .022)
Posted by stockstar on :
The chart is looking sweet...I'm in with a million shares at .0049.
I'm ready to rock and roll
Posted by lilpennypincher on :
quote:Originally posted by EverGreen: if break .007 it's building a cup (to .022)
Yes it is. Formed a nice bottome of the cup, now it's gonna' make a nice side up!
Real hot for the rest of the week!
Posted by Clyde_Crashcup on :
bump baby bump, were gonna be rich like donald trump. yea!
Posted by lilpennypincher on :
Sorry all. That was not the closing chart..... This one is. EVEN BETTER!
LMAO. Mark
Posted by Clyde_Crashcup on :
I like to be in the right side of any cup. .02 is very possible. The small float doesn't hurt a bit. The doji and hammer were the bottom and heading north. (IMO)
Posted by FatherOfTwo on :
moving up pre-market... this is looking really good!
Posted by lilpennypincher on :
Raising the B/A
Posted by FatherOfTwo on :
ask to 54 now!
Posted by lilpennypincher on :
Looking good all.
2x.0052
1x.0053
I'm sick. Gonna' go lay back down. See ya'll in a bit.
Posted by lilpennypincher on :
.0054 coming back......Man, why can't I just stay in BED!
Posted by lilpennypincher on :
Got up to take another look. WOW, buy time.
Posted by Clyde_Crashcup on :
What an opportunity to get in. Buy on the dip.
Posted by trader121 on :
i am in * 0.0052. The charts looks ripe with the macd and others.
but what are some of your targets for this stock. also the current dip is a little worrying.
Posted by trader121 on :
is everyone still holding their positions
Posted by FatherOfTwo on :
I am holding...
everything is looking like it is down today....
The chart is just too good to sell now!
Posted by JimSC on :
Before a run, the MMs will pull down the pps to collect stop-loss sale order. Add more -- if it happens, as suggested by Will.
Posted by Double Diamond on :
I'm still in
Posted by stockstar on :
I'm still in with a 1 mill at 0.0049....no worries here.
Posted by lilpennypincher on :
The chart is screaming to go up.
This is the bottom. Be happy with your positions. I think ANYTHING in the 4's/5's even 7's would be good entry's. The last time this ran to *.025*!
Don't under estimate the power of this low float!
Again, be happy you've got the bottom. Cuz' its NICE! I am!
Posted by Double Diamond on :
It's waiting to explode. Go baby !
Posted by FatherOfTwo on :
nice 1 million share buy on the ask!
Posted by dreamer_rick on :
okay I'm in at 0.0049 ...100 k shares ...I still think there will be some dip tom ... so I will add more .... Posted by dreamer_rick on :
I trust FO2 picks ...never let me down ....but do u have target price ??
Posted by lilpennypincher on :
I got more, Just hit the spread. I have waaaaaay to much of this now. LMAO
GO BABY!
Posted by FatherOfTwo on :
dreamer.... if it breaks the resistance at .007, then I think it could run to .015!
I am heading to wash dc tomorrow, and that is where I placed my order.
Posted by lilpennypincher on :
Pressure is building....!
one left at .0049, This is the time. GOOOOOOOOOOO!
Posted by FatherOfTwo on :
L2's....
Bid: 1 at .0048 1 at .0046 5 at .0045
Ask: 1 at .0049 2 at .0050 1 at .0051 1 at .0054
Posted by Double Diamond on :
I've got an order in at 0.0049 for 200000, but can't get it filled.
Posted by FatherOfTwo on :
now the bid is 1 at 48 UBSS (Schb) 2 at 47 4 at 45
Posted by lilpennypincher on :
I see you 200,000 DD.
Now the bid is followin'! GO BABY!
Posted by Jelly on :
Ok, just got in this one. Looking good and set for a run here.
In like Jake
Posted by FatherOfTwo on :
ask just u/t....
and they fat fingered a .049... which looks really good in my account right now!
Posted by trader121 on :
PXIT is primed! lets see what tommorow holds for us. imagine a pr, that would certainly fasten the process. Posted by lilpennypincher on :
quote:Originally posted by Jelly: Ok, just got in this one. Looking good and set for a run here.
In like Jake
Ok, I just spit my drink.
JAKE!
It's so gonna' run HARD!
Has a catchy symbol too.
PXIT.
Sounds like "picks it"! Well I PXIT!
Posted by Clyde_Crashcup on :
quote:Originally posted by lilpennypincher:
quote:Originally posted by Jelly: Ok, just got in this one. Looking good and set for a run here.
In like Jake
Ok, I just spit my drink.
JAKE!
It's so gonna' run HARD!
Has a catchy symbol too.
PXIT.
Sounds like "picks it"! Well I PXIT!
Spit and Gin with a twist of lime - sounds good Lil.
Posted by lilpennypincher on :
LMAO. mornin' clyde!
Posted by trader121 on :
good morning everyone. lets see how this stock reacts today. personally i like to see some resistance being broken Posted by bilgert on :
Had some 'free' money, so I was looking at the charts of this. Based on my rookie analysis, MACD looks good, RSI is a little high though. Still, looks like a solid pick though. All in all, me likey likey!
Some orders just went through at .0047, but not mine... If it doesn't go through in the next couple of hours, I just bump up to the ask. It's just a small order anyway; showing you guys a little green wouldn't be a bad thing! I hate it when the MM's have a staring contest.
Shout out to the 'ill lil'. Hope you feel better!
And thanks again Jelly for all the advice/DD/good will.
Posted by Double Diamond on :
Tic toc tic toc tic toc ...
I'm fully loaded.
Posted by trader121 on :
this thing is taking too much time for some reason. wonder why?
Posted by lilpennypincher on :
hmm......dunno'. I still like it. I'm holding.
Bottom of the cup!
Posted by Double Diamond on :
Question of days - but when it pops, it will ...
By the way : low volumes so far - silence before the storm ? I sure hope so !
Posted by bilgert on :
Stupid MMs wouldn't take at .0047 or .0048. Just jumped in for a few shares at .0049. Hope everybody appreciates the green!
Posted by trader121 on :
keepin firngers crossed dont want the technicals to let me down...
Posted by lilpennypincher on :
me either trader!
Posted by MattRegul8or on :
What the heck is up with PXIT?
Posted by eld24 on :
52 Week low!!!
Posted by stockstar on :
I didn't like where this was going so I'm out. I'm sure that since I got out that now this will start to move up. lol
oh well, wasn't a big loss.
Posted by dreamer_rick on :
what the heack is going on with this one ? The chart looks suck .... FO2 any idea
Posted by trader121 on :
very strange
Posted by Double Diamond on :
PHOENIX INTERESTS, INC. One RiverPointe Plaza Suite 706 Jeffersonville, IN 47130
INFORMATION STATEMENT
March 14, 2006
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
This information statement is being mailed on or about March 15, 2006, to the shareholders of record of Phoenix Interests, Inc. at the close of business on March 3, 2006. This information statement is being sent to you for information purposes only. No action is requested or required on your part. This information statement constitutes notice to our shareholders of corporate action by shareholders without a meeting, as required by the Nevada Revised Statutes.
This information statement is being furnished to you to inform you that holders of shares representing a majority of the voting power of shares of our common stock (including shares that vote with our common stock, namely outstanding shares of our Series A preferred stock) have adopted, by written consent, resolutions authorizing us to terminate our status as a business development company (“BDC”) under the Investment Company Act of 1940 by filing a Form N-54C with the Securities and Exchange Commission (the “SEC”).
Our company will bear the expenses relating to this information statement, including expenses in connection with preparing and mailing this information statement and all documents that now accompany or may in the future supplement it. We contemplate that brokerage houses, custodians, nominees, and fiduciaries will forward this information statement to the beneficial owners of our common stock held of record by these persons and we will reimburse them for their reasonable expenses incurred in this process.
Only one information statement is being delivered to multiple shareholders sharing an address, unless we have received contrary instructions from one or more of the shareholders. We will undertake to deliver promptly upon written or oral request a separate copy of the information statement to a shareholder at a shared address to which a single copy of the information statement was delivered. You may make a written or oral request by sending a written notification to our principal executive offices stating your name, your shared address, and the address to which we should direct the additional copy of the information statement or by calling our principal executive offices. If multiple shareholders sharing an address have received one copy of this information statement and would prefer us to mail each shareholder a separate copy of future mailings, you may send notification to or call our principal executive offices. Additionally, if current shareholders with a shared address received multiple copies of this information statement and would prefer us to mail one copy of future mailings to shareholders at the shared address, notification of that request may also be made by mail or telephone call to our principal executive offices.
VOTING SECURITIES
As of the close of business on March 3, 2006, we had 5,000,000,000 shares of common stock authorized, of which 93,238,196 shares were outstanding and 12,135,000 shares of preferred stock authorized, of which 246,594 shares were outstanding, specifically 5,000 shares of Series A preferred stock authorized, of which 2,656 shares were outstanding, 100,000 shares of Series B preferred stock, none of which were outstanding, 12,000,000 shares of Series C preferred stock authorized, of which 228,000 shares were outstanding, 25,000 shares of Series D preferred stock authorized, of which 11,820 shares were outstanding, and 5,000 shares of Series E preferred stock authorized of which 4,118 shares were outstanding. Each outstanding share of common stock is entitled to one vote per share; each share of Series A preferred stock votes with our common stock on an as converted basis; shares of Series C preferred stock are not entitled to vote; and each share of Series D preferred stock and Series E preferred stock votes with our common stock on the basis of one vote per share.
Section 58 of the Investment Company Act requires that we obtain the vote of a majority of our outstanding voting securities-namely shares of our common stock and Series A, Series C, Series D and Series E preferred stock, voting together-before withdrawing our election to be regulated as a BDC. Under Nevada law and our organizational documents, we are entitled to obtain that approval by written consent. We have obtained written consents approving our ceasing to be a BDC from shareholders holding approximately 51% of the voting power of our common stock and those shares of our preferred stock that vote with our common stock.
DISSENTERS’ RIGHT OF APPRAISAL
Under Nevada law and our certificate of incorporation and bylaws, no shareholder has any right to dissent to our terminating our status as a BDC under the Investment Company Act, and no shareholder is entitled to appraisal of or payment for their shares of our stock.
REASONS FOR CEASING TO BE A BUSINESS DEVELOPMENT COMPANY
On January 20, 2004, we filed with the SEC a Form N-54 stating that we were electing to be regulated as a BDC under the Investment Company Act. This was consistent with our aim to make strategic investments in start-up, development-stage, and, in certain circumstances, distressed companies in the combat-sports sector, and in sports and entertainment companies more generally.
Additionally, our status as a BDC would have allowed us to raise the additional capital necessary to allow us to implement this part of our business plan, in that business development companies are permitted to issue in any 12-month period, without registration under the Securities Act, shares with an aggregate offering price of up to $5,000,000. With this in mind, in February, 2004 we filed a Form 1-E under the Securities Act notifying the SEC of our intent to sell under this exemption up to $5,000,000 of our common stock; as of February 3, 2004, then in August, 2004 we filed with the SEC a Form 2-E terminating our previous offering and filed a new Form 1-E notifying the SEC of our intent to effect a new offering, and in December, 2004 we filed with the SEC a Form 2-E terminating our previous offering and filed a new Form 1-E notifying the SEC of our intent to effect a new offering, and in May, 2005 we filed with the SEC a Form 2-E terminating our previous offering and filed a new Form 1-E notifying the SEC of our intent to effect a new offering, and in July, 2005 we filed with the SEC a Form 2-E terminating our previous offering and filed a new Form 1-E notifying the SEC of our intent to effect a new offering and in December, 2005 we filed with the SEC a Form 2-E terminating our previous offering and a new Form 1-E notifying the SEC of our intent to effect a new offering and in February, 2006 we filed a Form 2-E terminating our previous offering.
But in January, 2006, the SEC notified us that they considered that we were not in compliance with various requirements of the Investment Company Act, including requirements regarding a BDC’s capital structure and financial statements. In this regard, specific concern was also raised by the staff regarding whether a BDC could have or issue convertible securities, whether a BDC could have voting provisions as set forth in the Company’s Series C Preferred and whether the Company, with its limited capitalization, was an appropriate candidate to be a BDC.
We do not expect that in the near future our capitalization will increase to a sufficient size that will enable us to comply with the intense regulatory requirements of the Investment Company Act of 1940, as amended, as it relates to BDCs. Consequently, our board determined that it would no longer be feasible for our company to operate as a BDC and that the appropriate course of action would be to withdraw our election to be regulated as a BDC under the Investment Company Act of 1940 by filing a Form N-54C with the SEC. By written consent, shareholders owning shares representing a majority of our voting power authorized us to take this action.
Given our limited assets and the fact that our principal asset consists of our wholly owned subsidiary Online Enterprises, Inc., we would never have been required to register as an investment company under the Investment Company Act; we were considered an investment company solely as a result of our being a BDC. We do not expect that in the near future we will be at risk of having to register as an investment company.
We intend to file the Form N-54C immediately following the effectiveness of this shareholder action and in the interim period we will not effect any material changes in our capital structure.
2
EFFECT ON OUR SHAREHOLDERS
Our ceasing to be a BDC would result in our shareholders losing certain protections, including the following: • We would no longer be subject to the requirement that we maintain a ratio of assets to senior securities (such as senior debt or preferred stock) of at least 200%.
• We would no longer be prohibited from protecting any director or officer against any liability to our company or our shareholders arising from willful malfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of that person’s office.
• We would no longer be required to provide and maintain a bond issued by a reputable fidelity insurance company to protect us against larceny and embezzlement.
• We would no longer be required to ensure that a majority of our directors are persons who are not “interested persons,” as that term is defined in section 56 of the Investment Company Act, and certain persons that would be prevented from serving on our board if were a BDC (such as investment bankers) would be able to serve on our board.
• We would no longer be subject to provisions of the Investment Company Act regulating transactions between BDCs and certain affiliates and restricting our ability to issue warrants and options.
• We would be able to change the nature of our business and fundamental investment policies without having to obtain the approval of our shareholders.
• We would no longer be subject to provisions of the Investment Company Act prohibiting the issuance of securities at below net asset value.
• We would be no longer be subject to the other provisions and protections set forth in Sections 55 through 64 of the Investment Company Act and the rules and regulations promulgated thereunder.
• Our ceasing to be a BDC will not absolve us for any actions taken by us while a BDC and we could still become liable for such prior actions.
Posted by Double Diamond on :
EFFECT ON OUR FINANCIAL STATEMENTS AND TAX STATUS
Our withdrawing our election to be regulated as a BDC would result in a change in our method of accounting. BDC financial statement presentation and accounting uses the value method of accounting used by investment companies, which allows BDCs to recognize income and value their investments at market value as opposed to historical cost. Operating companies use either the fair-value or historical-cost methods of accounting for financial statement presentation and accounting for securities held, depending on how the investment is classified and how long the company intends to hold the investment. Changing our method of accounting could reduce the market value of our investments in privately held companies by eliminating our ability to report an increase in value of our holdings as they occur. Also, as an operating company, we would have to consolidate our financial statements with subsidiaries, thus eliminating the portfolio company reporting benefits available to BDCs. The effect of the change in our method of accounting would not be material, given our limited assets.
We do not believe that withdrawing our election to be treated as a BDC would have any impact on our federal income tax status, because we never elected to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code. (Electing to be treated as a regulated investment company under Subchapter M generally allows a qualified investment company to avoid paying corporate level federal income tax on income it distributes to its shareholders.) Instead, we have always been subject to corporate level federal income tax on our income (without regard to any distributions it makes to its shareholders) as a “regular” corporation under Subchapter C of the Code.
Accompanying this Information Statement are the most recent audited financial statements of the Company.
INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON
Except in their capacity as shareholders (which interest does not differ to that of the common shareholders), none of our officers, directors, or any of their respective affiliates has any interest in our ceasing to be a BDC.
3
WHERE YOU CAN FIND MORE INFORMATION
We are subject to the information and reporting requirements of the Securities Exchange Act of 1934, as amended, and in accordance with the Securities Exchange Act, we file periodic reports, documents, and other information with the SEC relating to our business, financial statements, and other matters. These reports and other information may be inspected and are available for copying at the offices of the SEC, 100 F. Street, N.E., Washington, DC 20549. Our SEC filings are also available to the public on the SEC’s website at http://www.sec.gov.
***
As we have obtained the requisite shareholder vote for our ceasing to be a BDC, WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY. This information statement is for informational purposes only. Please read this information statement carefully.
4
Posted by lilpennypincher on :
eeeeeYUK!
I'm gonna' now sit and hope for a nice panic bounce back up, Got a band Aid anyone?
OUCH!
Posted by trader121 on :
wow, a big mistake ignoring the last few prs. well lesson certainly learned
Posted by Double Diamond on :
don't like it either
Posted by Double Diamond on :
she's going back up
Posted by lilpennypincher on :
yeah, that was a huge panic sell.
It's not the worse news and I see it coming back. Just try and get the boing........I am.
Posted by Double Diamond on :
Well it took me a while to find out what happened.
Doesn't look that bad, does it ?
Posted by Double Diamond on :
0.004
Posted by lilpennypincher on :
nope, It's really nothing.
Posted by Double Diamond on :
bid to 40
Posted by Double Diamond on :
It's picking about again ---- 0.0041
Posted by lilpennypincher on :
see nice bounce off the panic.
Posted by bilgert on :
It's all good. I never could get any of my .0034 or .0036 buys to go through. Would have been nice. Think it was a little MM hijinks trying to play off the news. Still a nice looking chart.
Keep the faith folks. Remember these equations:
DD+ LilPenn = $$
MM= b a s t a r d s
Posted by trader121 on :
i hate the mm's to me they seem illeagal. lol really hate them
Posted by dreamer_rick on :
well my order was excuted at 0.0035 for another 100,000 ...but it was left since yesterday ...thats why I got mad when I saw it down ...I still dunno where it could go ... the chart dosen't look that good MACD couldn't cross and Stoch slow is about to cross down ...and RSI is heading down .... so I still dunno what to do ...I'm thinking to sell ...my avg. pps is 43 ....what do u think guys ???
Posted by trader121 on :
i say sell, and buy again when the indicators are on an uptrun! imo
Posted by TruthLiesWithin on :
They didn't issue any shares for captial in a dozen of those offerings... No convertibles, nothing! This is good news to me. 93 million O/S,,,,,,still good to me.
The term is.... "Flying under the radar"
Their not folding up.
Posted by lilpennypincher on :
It's all good. Panic selling got everyone a little bit more it seems.
Posted by JimSC on :
PXIT: MMs are so happy in collecting the cheap shares, so must we.
Posted by JimSC on :
PXIT: This is the MMs' pull-down day, when the pps is pulled down to collect all those stop-loss sale orders - this is a quick way for the MMs to get enogh shares to make a run. A run will follow in a few days, the average time is a week. Watch it. This is a great time to get in.
Posted by FatherOfTwo on :
Jim...
You are right about the MM's getting the cheap shares...
The info today about them not being a BDC has been out for over 2 weeks, and the MM's just now decided to drop the pps??? I think not. Something is brewing.
Posted by FatherOfTwo on :
PRER14C Information statements. Revised preliminary material 3 Pages. 55.8 KB 03/02/06
Here is the original filing.... and look at the date!
The MM's dropped it bigtime after a few people sold and it caused a big sell off, and those MM's were more than happy to drop the pps and pick up some cheap shares!
Posted by TruthLiesWithin on :
So they don't want the BDC status...
Is that going to stop them from operating like any and all other non reporting Pinks or BB stocks?
I think nothing has changed other than the fact that they don't want to have to follow the rules of the SEC in regards to the above matter.
Restrictions like this are probably hard for a company..
Posted by Kevin from NYC on :
where is this going?
Posted by Double Diamond on :
It's already at the bottom, so ... with 93 million O/S it should be getting up sooner then later.
Posted by jimmer on :
well, I feel like this has not much downside left, not based on anything other than hunch so I got myself 800,000 at 0.0036. Time will tell if this was prudent.
Posted by IWISHIHAD on :
Double Diamond,
I am worried we are in the same stock again. This should run anyway.
Posted by Double Diamond on :
LOL - Let's not be too pessimistic about that !
Posted by Double Diamond on :
As of the close of business on March 3, 2006, we had 5,000,000,000 shares of common stock authorized, of which 93,238,196 shares were outstanding and 12,135,000 shares of preferred stock authorized, of which 246,594 shares were outstanding, specifically 5,000 shares of Series A preferred stock authorized, of which 2,656 shares were outstanding, 100,000 shares of Series B preferred stock, none of which were outstanding, 12,000,000 shares of Series C preferred stock authorized, of which 228,000 shares were outstanding, 25,000 shares of Series D preferred stock authorized, of which 11,820 shares were outstanding, and 5,000 shares of Series E preferred stock authorized of which 4,118 shares were outstanding. Each outstanding share of common stock is entitled to one vote per share; each share of Series A preferred stock votes with our common stock on an as converted basis; shares of Series C preferred stock are not entitled to vote; and each share of Series D preferred stock and Series E preferred stock votes with our common stock on the basis of one vote per share.
***************************
Between the 10th of February and the 3rd of March, 159 million shares were traded.
If you look at the period 10th of February till now, we're even talking about 283 million shares that changed hands.
The O/S is 96 million (as of 3rd of March). So we traded 3x the total O/S in less then two months.
I think I'll write a letter to PXIT ....
Posted by Double Diamond on :
FYI. I'll post any answer I'll get.
Dear,
I would like to point out the following to you.
You stated some weeks ago the following :
"As of the close of business on March 3, 2006, we had 5,000,000,000 shares of common stock authorized, of which 93,238,196 shares were outstanding and 12,135,000 shares of preferred stock authorized, of which 246,594 shares were outstanding, specifically 5,000 shares of Series A preferred stock authorized, of which 2,656 shares were outstanding, 100,000 shares of Series B preferred stock, none of which were outstanding, 12,000,000 shares of Series C preferred stock authorized, of which 228,000 shares were outstanding, 25,000 shares of Series D preferred stock authorized, of which 11,820 shares were outstanding, and 5,000 shares of Series E preferred stock authorized of which 4,118 shares were outstanding. Each outstanding share of common stock is entitled to one vote per share; each share of Series A preferred stock votes with our common stock on an as converted basis; shares of Series C preferred stock are not entitled to vote; and each share of Series D preferred stock and Series E preferred stock votes with our common stock on the basis of one vote per share."
I hope you are aware of the fact that between the 10th of February and the 3rd of March, 159 million shares were traded. If you look at the period 10th of February till now, we're even talking about 283 million shares that changed hands.
The O/S is 96 million (as of 3rd of March). So we traded 3x the total O/S in less then two months.
Would you happen to have any idea, suggestion on what is going on ?
As an investor in your firm, I'm worried at the number of shares that are traded and the PPS that keeps on going down.
Kind regards,
DD
Posted by ShortTermMemory on :
Making a move here.
Posted by ShortTermMemory on :
.0035/.0036
Posted by devilindetail on :
i'm in let's see what happens!
Posted by Double Diamond on :
From yesterday
U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 12B-25
COMMISSION FILE NUMBER: 000-30949
NOTIFICATION OF LATE FILING
Check One:
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q and Form 10-QSB [ ] Form D [ ] Form N-SAR [ ] Form N-CSR
For Period Ended: December 31, 2005
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 20-F [ ] Transition Report on Form 11-K [ ] Transition Report on Form 10-Q [ ] Transition Report on Form N-SAR [ ] Transition Report on Form N-CSR
For the Transition Period Ended: N/A
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: N/A
PART I. REGISTRANT INFORMATION
The Registrant is Phoenix Interests, Inc. (the “Company”). The address of the Company’s principal executive office is One RiverPointe Plaza, Suite 706, Jeffersonville, IN 47131.
PART II. RULES 12B-25 (B) AND (C)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check appropriate box.)
[X] (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
[ ] (c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III. NARRATIVE
The Company’s Annual Report on Form 10-KSB for the year ended December 31, 2005, could not be filed within the prescribed period because the Company was unable to compile certain information required in order to permit the Company to file a timely and accurate report on the Company’s financial condition. This inability could not have been eliminated by the Company without unreasonable effort or expense.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification:
James D. Tilton (502) 584-4434
(2) Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings to be included in the subject report or portion thereof?
[ ] Yes [X] No
PHOENIX INTERESTS, INC.
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Dated: March 31, 2006 By: /s/ James D. Tilton James D. Tilton, President and CEO
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