posted
T/A said that they are "Out of certificates" for last 2 years- and have had no transactions with the company since 2/06.
The woman I spoke to (very nice btw) said (parapharased) "Well, I guess we're technically still the transfer agent for the company, but since they haven't asked us to do anything for them in a while, I can't tell you very much."
more later...
Posts: 938 | From: Little Rock, AR | Registered: Dec 2005
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posted
Spoke to CEO- long story short- you won't be able to buy until after the r/s happens. He's trying to reduce the potential for manipulation. After the r/s and r/m happens, he has a couple of MMs ready to start trading this sucker.
He was also a nice guy...
I like nice .
Posts: 938 | From: Little Rock, AR | Registered: Dec 2005
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quote:Originally posted by T e x: thanks for the update...
what's the deal, though? It's not trading at all?
Nope.
I'm not sure how they did it, but by getting an "Out of Certificates" status, they effectively shut down trading. CEO said they did it to get rid of speculators (guys like me who throw a few bones at a clean, low float shell hoping it goes LFZA/USSE on em), because they're a pain in the ass when you try and R/M, in his opinion.
Once the r/m and r/s happen, he'll file the necessary paperwork and they'll resume trading. CEO said he has a couple MMS on board,
He did the same thing with WCSC a few months ago. It's a VERY clean shell, with no excessive debt. So this homeboy goes out of the geek play realm and into the speculative realm. Check out WCSC- .40 to $5.00. Not too shabby- although it is thinly traded.
Posts: 938 | From: Little Rock, AR | Registered: Dec 2005
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posted
Had to re-read the filing below due to its president Glenn A. Little, unfortunately nothing playable this time... EGTA 1:100 Reverse Split pending Source: PRE 14C filed on 06/05/07 see link below...
quote:Originally posted by *Mag*: Had to re-read the filing below due to its president Glenn A. Little, unfortunately nothing playable this time... EGTA 1:100 Reverse Split pending Source: PRE 14C filed on 06/05/07 see link below...
I don't think Glenn will be doing anymore 'special' deals anymore. I talked to him about 3 months ago during the whole UNTF deal. He was tired of all the phone calls from people asking him when they were gonna get their round-up shares; said he was averaging about a couple dozen calls a day at one point and it was a big distraction. He said that next time he would do "something different" instead of rounding up odd lots to accomplish his objectives- but didn't say what...
He was a real nice guy too. He joked about all the lunatics calling him- people from as far away as Germany were calling him.
Anyway, my 2 cents.
Posts: 938 | From: Little Rock, AR | Registered: Dec 2005
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posted
Agree completely. I just hopped along for the ride at some point last fall/winter and only do it when I remember and have time. Has Mag ever missed a day? He's like a mcahine...
Oh, and thanks anyway
quote:Originally posted by T e x: Mag does the heavy lifting over here...and has for a long, long time...
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