I was lucky enough to be in the GVRP DD-chain...as I recall? that had us twisted around pretty good, too, at times. We all went different directions, sometimes in small groups, sometimes as single scouts. We didn't always agree, but ultimately we worked as a team...
And...
We finally figgered it out...and those lucky enough to be with the "right" broker(s) made damm good bank.
quote:Originally posted by Purl Gurl: Ok, boys, hold up your hands if you _truly_ believe Rufus will give you fifteen dollars for your one dollar share you bought today.
Go on, hold your hands up as true believers.
Purl Gurl
I believe that this will trade at 15.00 upon a succesful symbol change. For how long, that is the question.
Not saying the price will remain there, due to no one knowing if there is a market waiting for it.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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I was lucky enough to be in the GVRP DD-chain...as I recall? that had us twisted around pretty good, too, at times. We all went different directions, sometimes in small groups, sometimes as single scouts. We didn't always agree, but ultimately we worked as a team...
And...
We finally figgered it out...and those lucky enough to be with the "right" broker(s) made damm good bank.
that is what a forum is supposed to be where people "openly" discuss possibilities and debate different angles...we're supposed to be helping each other here...playing devil's advocate if need be...
people are taking things far too personally...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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quote:Originally posted by glassman: that one wasn't so buggered up by the rest of the market...
granted--that was basically two threads of traders. My larger point obtains...shall we toss aside invaluable esprit de corps cuz of boogers in the market?
quote:Originally posted by glassman: that one wasn't so buggered up by the rest of the market...
granted--that was basically two threads of traders. My larger point obtains...shall we toss aside invaluable esprit de corps cuz of boogers in the market?
i dunno Tex?
what have we accomplished here? nuttn'
all i hear is i told you so..... it's gonna drop... RS...
as if i can't read a chart and L2...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Purl Gurl, I know you know your stuff, and like I said, I am out anyway. But I am pretty sure that this will open at $15. Whether or not it will stay there is the big question. With all the bashing from radio stations and sites, I seriously doubt it right now. Still the fact remains that the price will not be arbitrary. It (supposedly)is based on audited financials which place the book value at $7.21. Rufus said that he would have been allowed to price it up to 3 times book value. Many have compared this to an IPO, though it is not, where a new comapny is formed and thus a price is set. Which would basically make the share price right now meaningless (I know it sounds weird). I did find this article that discusses valuation of a stock after a Reverse Merger (oddly enough it says that book value is not the real indicator):
Establishing The Initial Stock Price - Once a reverse merger is completed, a broker/dealer must decide to make a public market in the stock. The market makers, in conjunction with the company, determine the initial price for the stock. Perceived value, the "sex appeal," track record and potential growth of the company usually have more to do with initial pricing than earnings multiples and current book values. Competent investor relations and supportive market makers as well as management’s ability to relate the company’s potential to investors are of key importance.Ultimately, the public market acceptance of the company will determine the market price for the stock.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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quote:Originally posted by Doniboy: Purl Gurl, I know you know your stuff, and like I said, I am out anyway. But I am pretty sure that this will open at $15. Whether or not it will stay there is the big question. With all the bashing from radio stations and sites, I seriously doubt it right now. Still the fact remains that the price will not be arbitrary. It (supposedly)is based on audited financials which place the book value at $7.21. Rufus said that he would have been allowed to price it up to 3 times book value. Many have compared this to an IPO, though it is not, where a new comapny is formed and thus a price is set. Which would basically make the share price right now meaningless (I know it sounds weird). I did find this article that discusses valuation of a stock after a Reverse Merger (oddly enough it says that book value is not the real indicator):
Establishing The Initial Stock Price - Once a reverse merger is completed, a broker/dealer must decide to make a public market in the stock. The market makers, in conjunction with the company, determine the initial price for the stock. Perceived value, the "sex appeal," track record and potential growth of the company usually have more to do with initial pricing than earnings multiples and current book values. Competent investor relations and supportive market makers as well as management’s ability to relate the company’s potential to investors are of key importance.Ultimately, the public market acceptance of the company will determine the market price for the stock.
doni, as I understand it? your "part 2" (beginning: "Establishing The Initial Stock Price") pertains to the adjusted pps following a reverse. In short, this is why we "expect" a reverse of, say, 8:1 to trade after the reverse is effected at 8 x the former pps.
This case is *not* a "normal" reverse/merger takeover...
This case depends on the "368" regs; if CEO/company does indeed have a "magic wand," the empowerment is apprently granted in the 368 regs...
posted
Yeah Tex, I was actually the first one to post the "368" regs e-mail from Rufus, and admittedly found it confusing myself, but as far as that paragraph is concerned it doesn't even mention the shell's pps nevermind a reverse split based on that price. It sounds to me like the price is totally based on the new entity (and how sexy it is..lol). Plus, I don't understand why Rufus would say it if it isn't true. He has repeatedly said no r/s, price set to $15. He is accountable for his statements.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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quote:Originally posted by Doniboy: Yeah Tex, I was actually the first one to post the "368" regs e-mail from Rufus, and admittedly found it confusing myself, but as far as that paragraph is concerned it doesn't even mention the shell's pps nevermind a reverse split based on that price. It sounds to me like the price is totally based on the new entity (and how sexy it is..lol). Plus, I don't understand why Rufus would say it if it isn't true. He has repeatedly said no r/s, price set to $15. He is accountable for his statements.
Doni, in order to avoid confusion--does that material from "venturea" address:
posted
It doesn't mention any IRS reg at all. Its just an explanatory article about what reverse mergers are.
quote:Originally posted by T e x:
quote:Originally posted by Doniboy: Yeah Tex, I was actually the first one to post the "368" regs e-mail from Rufus, and admittedly found it confusing myself, but as far as that paragraph is concerned it doesn't even mention the shell's pps nevermind a reverse split based on that price. It sounds to me like the price is totally based on the new entity (and how sexy it is..lol). Plus, I don't understand why Rufus would say it if it isn't true. He has repeatedly said no r/s, price set to $15. He is accountable for his statements.
Doni, in order to avoid confusion--does that material from "venturea" address:
1) reverse mergers, in general?
or
2) the "368" regs--even if a little bit?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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Dipping in and out of the discussion as I've been forced to do re work schedule, I see what seems to be a general, systemic confusion over mergers that do include a reverse-split vs the "368" angle here.
As we know, post-r/s, a pps is at least granted the "decency" of opening at the stated multiplier (ignoring illegal r/s for purposes of discussion). that is, the pps is adjusted according to the math of the r/s...
In this case, the CEO/company is claiming another method whereby pps can be adjusted. Another method entirley...
More info on "our street" and "stock lemon" and thier scamming ways, hey jj maybe you should post the links to these articles on the board. We are being attacked by naked short sellers, (if it wasn't obvious, lol)
Our-Street.com, whose bizarre proprietor Timothy Miles had masqueraded for months as "Nick Tracy" to avoid public disclosure that he has himself been charged by the SEC for securities fraud, before being unmasked in a Financial Wire exclusive, has "gone on the attack" against dozens of companies, including Circle Group Holdings (CXN) and H-Quotient (HQNT).
Timothy Miles...a former broker and self-professed failed public company executive, who also operates websites devoted to art auctioning and a mysterious otherworld crystal his site says has revealed to religious leaders around the world "the meaning of life."
...has been accused by the U.S. Securities and Exchange Commission as a fraudulent pumper-and-dumper...
Miles also acknowledged he has operated under the guise of an ordained minister "for the purposes of writing a book," and as Rev. Timothy Miles, has represented in a site at http://www.themeaningoflife.net that he has been gifted through a crystal with a text that he believes is a true "message from God,"
The SEC also said Miles/Tracy and his co-conspirators "reaped profits of more than $500,000" out of the fraud.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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Our-Street.com, whose bizarre proprietor Timothy Miles had masqueraded for months as "Nick Tracy" to avoid public disclosure that he has himself been charged by the SEC for securities fraud, before being unmasked in a Financial Wire exclusive, has "gone on the attack" against dozens of companies, including Circle Group Holdings (CXN) and H-Quotient (HQNT).
Timothy Miles...a former broker and self-professed failed public company executive, who also operates websites devoted to art auctioning and a mysterious otherworld crystal his site says has revealed to religious leaders around the world "the meaning of life."
...has been accused by the U.S. Securities and Exchange Commission as a fraudulent pumper-and-dumper...
Miles also acknowledged he has operated under the guise of an ordained minister "for the purposes of writing a book," and as Rev. Timothy Miles, has represented in a site at http://www.themeaningoflife.net that he has been gifted through a crystal with a text that he believes is a true "message from God,"
The SEC also said Miles/Tracy and his co-conspirators "reaped profits of more than $500,000" out of the fraud.
doni? not saying you're wrong, etc blah blah...but please provide link to "connect-the-dots"
posted
That's true Tex, but it does allow for the fact that the price per share after a reverse merger is based on other things aside from the Shell's pps. Thats my only reason for posting. Everyone keeps saying that a $1.00 stock shouldn't be worth $15.00 and they are correct. But AFTER the reverse merger those who hold will not be investors in FHAL, they will be invested in a new company with different assets. So their stock will not magically transform into a %15.00 stock, it will magically transform into a stock in a different company with its own independant value.
Of course I am not positive about anything, this is just my DD. Actually it feels nice to discuss the issues again rather than fight bashers and haters...
quote:Originally posted by T e x: Do we/anybody see anything here:
I ask because *I* do not--this "venturea" info seems to address only what we might call "standard" stuff, routine r/m's ...
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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quote:Originally posted by Doniboy: That's true Tex, but it does allow for the fact that the price per share after a reverse merger is based on other things aside from the Shell's pps. Thats my only reason for posting. Everyone keeps saying that a $1.00 stock shouldn't be worth $15.00 and they are correct. But AFTER the reverse merger those who hold will not be investors in FHAL, they will be invested in a new company with different assets. So their stock will not magically transform into a %15.00 stock, it will magically transform into a stock in a different company with its own independant value.
Of course I am not positive about anything, this is just my DD. Actually it feels nice to discuss the issues again rather than fight bashers and haters...
quote:Originally posted by T e x: Do we/anybody see anything here:
I ask because *I* do not--this "venturea" info seems to address only what we might call "standard" stuff, routine r/m's ...
doni, sorry if I seem terse....am really busy, lol
the thing is? posting about "standard" reverse mergers is of little value, at the moment. Merely muddies the waters, precisely because the CEO/company claiming no reverse split. True, reverse-splits accompanied *by* (good) reverse mergers can be very lucrative. If this were "standard," then such DD would apply.
As it stands, the bell-ringing question hinges on the "368" provision. Period. End of story.
posted
lol, ok let me see if I can find something. In the meantime everybody please let me know if you think that this link is being truthful. http://thestockmafia.com/Home.html
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
Doniboy, you miss FHAL already don't you! Hey, sounds like a PR tomorrow and 10k on Friday according to the COO(Ben Stanley). Enjoy your evening. Later
quote:Originally posted by glassman: somethin' ain't right...
but it's the short-sellers that ain't right this time...
Yup!
"At any times [sic] the principles [sic] of Stock lemon.com might hold a position in any of the securities profiled on the site. Stock lemon.com will not report when a position is initiated or [sic] covered. Each investor must make that decision based on his/her judgment of the market."
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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