This is topic BLLD (.035) - Falling Fast, Possible Bounce Play soon in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
Hey everyone, BLLD released some news earlier in the day that looked kinda bad, but not as bad as I think it should have been to cause such a fall in price.
Right now, it's at .033x.035 and it's RSI is just above 16. It's 52-week high is $1.55, and it's hitting new 52-week lows everyday for the past few weeks.
Today's volume is huge, about 50-times the 20-day avg.
If thing does bounce anywhere near how much it's fallen in the past few weeks, this thing is a multi-bagger in the waiting.
Posted by Repoman75 on :
This is the problem:
On August 24, 2006, the Company believed that a cash repayment of the principal payment due would not be in the best interest of the Company with respect of continuing operations. As a result, the Company was in default of the terms of the Notes. Rather than placing the Company in default of the Notes, the Note Holders agreed to restructure the terms of the Notes.
In connection with the Amendment, the Company will issue to the Note Holders a total of 4,480,000 shares of the Company's registered common stock in satisfaction of the August 24, 2006 principal payment. In addition, the Company will adjust the conversion price of both the Notes and the August 2005 Convertible Notes (the "August Notes") to a price equal to the lesser of (i) $0.05 per share or (ii) 75% of the average of the VWAP for each of the ten (10) trading days immediately prior to the applicable conversion date or principal repayment date.
Posted by edgewise on :
ok, so that explains the massive peak in the volume that occured in the morning, as well as the really quick drop...
from here, though, do you think it has potential to make some gains, or is this one safe to say that it'll be a POS for awhile until they get all their financing straightened out?
Posted by Repoman75 on :
My guess? POS. They are diluting because they have no cash, AND restructured strike prices that are NOT in their favor.
Posted by edgewise on :
good to know. thanks for your input.
Posted by Schwabie on :
Good work Repo...
Posted by jordanm on :
Only 4 million dilution ? 4 mill is less than 10% dilution to warrant a 50% fall. Or is there more dilution coming ?
Posted by edgewise on :
the way i read things, it looks like the company doesn't have any cash to pay for anything, and a lot of their loans are coming due, so they're forced into some dilution to take care of it all in the short run..
now, i also read somewhere else with them that some of their products are supposed to making their debuts, or their prototypes will be coming into effect in the first few weeks of september, which could produce some good news, and maybe even revenues for the company, which could be very good for the price..
but i don't know. as far as i'm concerned, it's a good one to keep an eye on for any future news. anything good, and a lot of people will jump on it for the bargain that it is.
anyone else out there that knows more about this company, please correct my opinions if they're off-base. thanks.
Posted by EverGreen on :
this complete the information on the dilution going on
On February 24, 2006, the Company entered into an agreement with ten (10) investors (the "Note Holders") to sell an aggregate of $2,000,000 of the Notes which entitled the Note Holders to convert all or any part of the principal outstanding under the Notes into the Company's common stock at $1.00 per share, subject to adjustment according to the terms of the Notes agreement. The total principal of $2,000,000 is to be repaid in 14 monthly instalments of approximately $143,000 per month commencing on June 24, 2006. These repayments may be payable in cash or in shares of common stock at the market price, as further defined in the Notes agreement. All principal and interest on the February 2006 Notes shall be due on August 24, 2007. The Company paid the June 24, 2006 and July 24, 2006 principal instalments in cash. On August 24, 2006, the Company believed that a cash repayment of the principal payment due would not be in the best interest of the Company with respect of continuing operations. As a result, the Company was in default of the terms of the Notes. Rather than placing the Company in default of the Notes, the Note Holders agreed to restructure the terms of the Notes.
In connection with the Amendment, the Company will issue to the Note Holders a total of 4,480,000 shares of the Company's registered common stock in satisfaction of the August 24, 2006 principal payment. In addition, the Company will adjust the conversion price of both the Notes and the August 2005 Convertible Notes (the "August Notes") to a price equal to the lesser of (i) $0.05 per share or (ii) 75% of the average of the VWAP for each of the ten (10) trading days immediately prior to the applicable conversion date or principal repayment date.
$143000/4480000 = 0.032 so CD holder can sell until this price and make a profit anyway
next month the conversion price will be +- .024-026 (75% of actual price) - so he will receive +- 5750000
and so on ... = dilution limited only by AS (100m) - they can stop only paying cash (!)
Posted by edgewise on :
well, it's up 17.5% for the day so far.. guess it goes to show that even the biggest pos's can benefit the risk-averse.
but i'll try to stick to things that have more good news than bad news. and not dwell on these ugly companies.
Posted by edgewise on :
holy crap.
.048x.050
Posted by edgewise on :
.06x.064
Posted by edgewise on :
.072x.075
(this is just for my own sake now of taking note of how good this stock turned around. i am in no means saying that this is a good stock to buy right now.)
Posted by juice on :
wow was going to buy this yesterday but put more into ECCI instead LOL woooops
Posted by juice on :
did i just see .085x.088 LOL wow holy crap!!!
Posted by edgewise on :
.085x.088
lol.. this thread isn't even gonna belong in this board much longer possibly..
it's great to see this one move.. maybe i'll actually be smart enough to get in on the next one i get the same feeling about.
Posted by juice on :
double digits on the way mannnn what a big bounce
Posted by edgewise on :
.090x.093
effin' intuition.. shoulda gone for it.
i'll just hope that EXBY ends up doing the same thing. i'm starting to think it can, if it would just get a nice recovery started today.
Posted by juice on :
same here edge, im in exby now lol we'll see GL to ya!
Posted by edgewise on :
.0105x.0109
crap, it's almost off this board.
and to think i was thinking of buying at .0033 just 2 days ago.
Posted by edgewise on :
so it peaked at .0115.
hell of a run.
Posted by edgewise on :
resurgence. hit .06, and is running back up again.
damn.
Posted by edgewise on :
and here's why:
Thursday, August 31 2006 12:22 PM, EST
Government of Costa Rica Approves Bulldog RoadBOSS(TM) GTS for Use in Cargo Security and Customs Tracking System Business Editors / Technology Editors
RICHMOND, British Columbia--(BUSINESS WIRE)--Aug. 31, 2006-- Bulldog Technologies Inc. (OTC.BB: BLLD), a provider of wireless solutions and sensor networks to monitor, track and secure assets for cargo and global supply chain security, today announced that the Costa Rican government has formally approved the patented RoadBOSS(TM) GTS system for use in monitoring and enforcement in the country's mandatory and legislated Tecnologia de Informacion Para el Control Aduanero ("TICA") customs program. The TICA Commission recently inaugurated its Security Control Center where all affected shipments are tracked and monitored for security and tariff compliance. The RoadBOSS(TM) GTS, if purchased, would be attached to incoming containers and redistributed land shipments of cargo traveling throughout the Costa Rican territory.
The RoadBOSS(TM) GTS is a patented electronic cargo-container security device that attaches to the locking rods spanning the doors of each container or truck trailer. Powered by a military specification energy cell, the unit uses Satellite GPS, Cellular and Internet technology to report the status of its container to PC-based customer tracking centers. Using Bulldog-supplied software, the customer employs adjustable parameters to locate, track, manage and recover both valuable cargo and the container units themselves. Primary uses are loss prevention, asset management, financial tracking and asset recovery. Overriding capabilities include confirmation of security status of container and contents.
Mr. Sam Raich, Bulldog Channel Manager for Latin America commented today: "We believe that Central and South American governments and industry are concerned about issues of security and of proper tracking of cargo for customs purposes. The Costa Rican government is instituting what we believe could be a universal control mechanism for cargo security and financial tracking in the region. This is an important achievement for Bulldog which could lead to potential orders in this new territory in Latin America."
Mr. Paul G. Harrington, President and Chief Executive Officer, stated, "With this legislation, we believe that the government of Costa Rica has taken a significant step in the process of securing containerized cargo shipments traveling across its borders and through its territory. We are extremely pleased that Bulldog's technology was able to meet the high standards set forth by the certification process. As a certified supplier for global tracking seals to the Costa Rican government, we look forward to working closely with agencies in that country to fulfill the immediate need for what we believe to be a world class technology solution "
About Bulldog Technologies
Bulldog Technologies designs, develops, and manufactures its patented and FCC-certified wireless Online Security Solutions (BOSS(TM)) for supply-chain and other security and asset protection business applications. With an estimated $6 billion in reported cargo theft annually, Bulldog's BOSS(TM) products are designed to increase supply chain operational efficiency, security, and reduce and deter overall losses. The Company also has the ability to offer substantial assistance to corporations, governments and law enforcement agencies in maintaining the integrity and traceability of cargo and containers as they enter or exit sovereign territory, are processed and re-distributed to final destinations. For further details on the Company and its products, please visit the Company's website at http://www.bulldog-tech.com.
Bulldog Technologies believes that this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties. Such statements are based on management's current expectations and are subject to facts that could cause results to differ materially from the forward-looking statements. For further information you are encouraged to review Bulldog's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB for the period ended August 31, 2005, and Quarterly Reports on Form 10-QSB for the periods ended November 30, 2005, February 28, 2006 and May 31, 2006. The Company assumes no obligation to update the information contained in this press release.
KEYWORD: NORTH AMERICA CENTRAL AMERICA NEW YORK UNITED STATES CANADA COSTA RICA INDUSTRY KEYWORD: TECHNOLOGY HARDWARE INTERNET NETWORKS SOFTWARE TELECOMMUNICATIONS TRANSPORT AIR SOURCE: Bulldog Technologies Inc.
CONTACT INFORMATION: Bulldog Technologies Inc. Paul G. Harrington, 604-271-8656 President & CEO http://www.bulldog-tech.com Posted by edgewise on :
could very well hit .115 again.
Posted by edgewise on :
tried to get filled at .075, but it ran right by and didn't pick me up for the ride.
Posted by edgewise on :
lol.. looks like it came back for me..
oh well, another nice run for this stock from .053 bottom today to a .098 top.
Posted by atleast on :
Bulldog Technologies Inc. (OTC.BB: BLLD), a provider of wireless solutions and sensor networks to monitor, track and secure assets for cargo and global supply chain security, today announced that the Costa Rican government has formally approved the patented RoadBOSS(TM) GTS system for use in monitoring and enforcement in the country's mandatory and legislated Tecnologia de Informacion Para el Control Aduanero ("TICA") customs program. The TICA Commission recently inaugurated its Security Control Center where all affected shipments are tracked and monitored for security and tariff compliance. The RoadBOSS(TM) GTS, if purchased, would be attached to incoming containers and redistributed land shipments of cargo traveling throughout the Costa Rican territory. The RoadBOSS(TM) GTS is a patented electronic cargo-container security device that attaches to the locking rods spanning the doors of each container or truck trailer. Powered by a military specification energy cell, the unit uses Satellite GPS, Cellular and Internet technology to report the status of its container to PC-based customer tracking centers. Using Bulldog-supplied software, the customer employs adjustable parameters to locate, track, manage and recover both valuable cargo and the container units themselves. Primary uses are loss prevention, asset management, financial tracking and asset recovery. Overriding capabilities include confirmation of security status of container and contents. Mr. Sam Raich, Bulldog Channel Manager for Latin America commented today: "We believe that Central and South American governments and industry are concerned about issues of security and of proper tracking of cargo for customs purposes. The Costa Rican government is instituting what we believe could be a universal control mechanism for cargo security and financial tracking in the region. This is an important achievement for Bulldog which could lead to potential orders in this new territory in Latin America." Mr. Paul G. Harrington, President and Chief Executive Officer, stated, "With this legislation, we believe that the government of Costa Rica has taken a significant step in the process of securing containerized cargo shipments traveling across its borders and through its territory. We are extremely pleased that Bulldog's technology was able to meet the high standards set forth by the certification process. As a certified supplier for global tracking seals to the Costa Rican government, we look forward to working closely with agencies in that country to fulfill the immediate need for what we believe to be a world class technology solution "
Posted by stockonyou on :
Looks like a lot of people miss the second ride. These recent news will give BLLD an impulse over the 15 cents easyly. Good acummulation for the second day in a row.
Posted by edgewise on :
goodness, this thing is full of life. i had to go to class earlier in the day, so i missed commentating this run.. another easy 25% run intraday.
wouldn't it be swell if all stocks were this active, and they could really be predicted and followed that way?
Posted by Angie Ramirez on :
hi - I am new to this message board (lurking for a couple weeks though!) I am in BLLD and just abt sold today. Still holding and hoping to see the teens tomorrow ....
Posted by stockonyou on :
have to have guts to hold here, is gonna fly but always low float works like this. Add little more.
Posted by stockonyou on :
in addition of a long weekend must of day traders are resting now, me too. till Tuesday.
Posted by stockonyou on :
I almost forget this one. Be alert, some interest soon on BLLD could rise to the teens again, acumulation increased enough for a spike.
Posted by maddie19 on :
I am ready to see it go..still holding
Posted by stockonyou on :
could be a good entry point now, will be adding more.
Posted by stockonyou on :
A little more value added, see the sunrise.
Posted by stockonyou on :
what we need is more volume... and will fly.
Posted by maddie19 on :
I tried to buy more at .055 - order did not get filled
Posted by stockonyou on :
thats waht make this stock a little different than others, a low float with low volume ave., means could fly quick, must be with fast with your fingers.
Posted by stockonyou on :
just watch the MACD and ROC on the graph. Slowly climb ... more vol needed.
Posted by stockonyou on :
still on positive way but vol is needed. holding to see Thur.
Posted by stockonyou on :
Some changes on sales strategies and product development are in play with BLLD as recent news. Some new contracts could be present soon to our knowledge. Good news.
Posted by stockonyou on :
That's what it needs=volume. Now hold your shares and put a sell limit equal ten times your value so MM don't use those to short it. Follow my lead.
Posted by stockonyou on :
Must be bouncing today from the last 3 days.
Posted by stockonyou on :
Don't care about the removed star, by the way.
Posted by stockonyou on :
Definetely on the move.
Posted by stockonyou on :
get in soon, not to late yet, is going to start climbing...
Posted by stockonyou on :
told you, BOOM!!!
Posted by stockonyou on :
we are on the board!
Posted by stockonyou on :
Am I alone enjoying this long ride? I hope not!
Posted by maddie19 on :
Looking a lot better
Posted by stockonyou on :
150K at .075; 50K at .08, then only 2K at .07; what is the MM trying but have not success? Guess.
Posted by maddie19 on :
to increase and keep the volume?
Posted by maddie19 on :
You are not alone here..I am trying to watch the market and watch my 9 month old twins!
Posted by stockonyou on :
They must be cutie..., I'm glad someone like you, young mother of two, are holding here like me. Hope you enjoy the ride back.
Posted by maddie19 on :
just watching to see what is going to happen.Also when you say put a stop 10x your value..do you use that with most of the small penny trades?
Posted by maddie19 on :
just watching to see what is going to happen.Also when you say put a stop 10x your value..do you use that with most of the small penny trades?
Posted by stockonyou on :
I use that move to prevent the use of my bought shares to be used for short advantage. Also I never use the trailing stop cause the MM prefer to take those to fill gaps or drive the price down.
Posted by maddie19 on :
ahh - ok good to know
Posted by maddie19 on :
thx for the advice with this one. I just started trading the smaller stocks now that I am a stay at home mom. I need some kind of hobby..right!
Posted by stockonyou on :
we'll see more bull tomorrow cuase some share shorts still need to cover.
Posted by stockonyou on :
only a hinch...check UCOI, if you believe in covers.
Posted by stockonyou on :
I wish to have more to add, at this time is priceless. Could be easy in the teens by next week.
Posted by stockonyou on :
slowly but getting interst, check the MACD and ROC on yahoo. Prelude to a nice way up.
Posted by stockonyou on :
Nice chance to get in yet. could make bucks enough next week with this very low small float stock 25M>float
Posted by stockonyou on :
A BUY CONFIRM CERTAINLY, good weekend all of you.
Posted by stockonyou on :
Deep condolence to all who lost someone on the 9-11 lostlife events. Long here.
Posted by maddie19 on :
UCOI is doing good today up 12% cant find MACD
Posted by maddie19 on :
I have majority of my money in ENCY. Ready for that to move to free up some $ to trade some smaller stocks
Posted by stockonyou on :
Good luck if you bought ENCY on the fall. Could bounce and make some money. In UCOI, all the contrary, I have my doubts on them, don't look strong, voulme started drying, they had a rev. split a while ago. You can check MACD on Yahoo finance and click on Technical analysis. Good to hear from you.
Posted by maddie19 on :
are you in ency? it is down right now and as soon as they get the FDA approval for Thelin it should go up.
Posted by stockonyou on :
The answer is no. I don't like pharma stocks. But this one is testing support on the downward. If a FDA approval is really on its way you can sit and wait for it. I'm going to check it deep so it could be in my pref. ones.
Posted by stockonyou on :
maddie: don't know how low your are on ENCY, look like short the strongers now, the good is with aFDA news could be a massive cover with that kinf of float, before this year ends mostly. UCOI is strongly down today high volume, hope you're not there.
Posted by stockonyou on :
maddie: hope ENCY moving on Friday helped you to clear your position. Looks at the firsteye like a little short cover, or could be a rumor upway before a news next week. On BLLD is just waiting for the contract.
Posted by EverGreen on :
Bulldog Technologies Winds Down Operations THURSDAY, SEPTEMBER 21, 2006 8:46 PM
RICHMOND, BC, Sep 21, 2006 (MARKET WIRE via COMTEX) -- Bulldog Technologies Inc. (BLLD) , today announced that the Company's workforce of approximately 28 persons were laid-off on September 15, 2006 and that ongoing operations have ceased. In addition, Mr. Robin Wald, former Chief Technology Officer, resigned as a director of the Company and is no longer employed by Bulldog.
On September 24, 2006, the Company is required to make a repayment of principle to the Holders of the February 2006 Convertible Notes in the approximate amount of $143,000. On September 30, 2006, the Company's $750,000 Promissory Note will also be due. As a result of the Company's current financial position, it is unlikely that the Company will be able to meet its obligations. Therefore, the Company expects that it will be placed in default of the February 2006 Convertible Notes, the August 2005 Convertible Notes and the Promissory Note.