quote:Originally posted by skip: "It's still $15 / share if you can't do the math I can't help you, it's so simple it's stupid!"
If it was so simple, why all the discussion and selloff at first, then anger, then pats on the back? Seemed like a lot of confused folks out there.
I hope this goes through for you all and you guys make tons of money.
The only thing that leaves a bad taste in my mouth is that it seems they care not for future shareholders. Why would I buy now? How do those folks feel that sold yesterday when it was tanking? You can all pat yourself on the back now for being away from your computers when it tanked, or just holding. But the folks that sold are "screwed". Normally, folks might buy back in, but why would they now? Just seems like the company is so concerned with the shareholders of 10/16, that no one else matters. And I have to say, that a PPS of $15 or $100 will have to be sustained by new buyers. Also, who is running the company while these guys are in chat rooms and on internet radio?
good luck guys, just wanted to give my 2 cents. It's been a long road for you, I hope it pays off (remember, I was in this under .10 when it was FHAL, doh!)
Hey SKIP dont listen to them , they are confuse with the 10k, SKIP wait for the next "big DIP" to get back in and then flip at $4...
posted
I feel for Jo as well. But think about it, the pps could be at .25 right now and Jo could have been the smart one to get out. I think Jo did what Jo felt was right to do. You can't always be right.
Heck, look at me...I've held 2 big companies into bankruptcy (worldcom and williams communication), then I topped that by bag holding QBID. I'm really happy I finally got something right!
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quote:Originally posted by casviper: I have a huge headache. In simple terms this is my understanding.
I bought and own 2,000 shares at .34 each.
On Oct 30th I will own 2,000 shares at $15 each unless the price is lower, at which time I will own more shares at a lower pps however the value will be the same. (2,000sh x $15pps = $30,000 or 3,000sh x $10pps = $30,000)
Please let me know if my thinking is correct.
on Oct 30th? you should recieve 12,000 MORE shares...
we have no idea what the price will be when you sell them...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by casviper: I have a huge headache. In simple terms this is my understanding.
I bought and own 2,000 shares at .34 each.
On Oct 30th I will own 2,000 shares at $15 each unless the price is lower, at which time I will own more shares at a lower pps however the value will be the same. (2,000sh x $15pps = $30,000 or 3,000sh x $10pps = $30,000)
Please let me know if my thinking is correct.
Casper, it's very simple. Take the amount of shares you had yesterday at close. Ex: your shares x 6= new share count. So if I had 2000 shares yesterday, I will have 12000 shares on Oct. 30th. Cool eh! GLTY
quote:Originally posted by casviper: I have a huge headache. In simple terms this is my understanding.
I bought and own 2,000 shares at .34 each.
On Oct 30th I will own 2,000 shares at $15 each unless the price is lower, at which time I will own more shares at a lower pps however the value will be the same. (2,000sh x $15pps = $30,000 or 3,000sh x $10pps = $30,000)
Please let me know if my thinking is correct.
on Oct 30th? you should recieve 12,000 MORE shares...
we have no idea what the price will be when you sell them...
Glass are you still holding a few....
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posted
actually cass multiply your current shares by 7 because you are multiplying by six those are the extra you are getting. you still have to add in the ones you already have
quote:Originally posted by RyanPBF: well mo. I read the 10k to say whatever shares you had on the 16th will be the ones calculated for the stock issue. What ever you buy after that is just what you bought one share. That's how I read it
I think Mo is onto something...namely the 10-day rule could well be a problem, as I read the regs.
quote:The LAS Form, which is available on the “Listing On NASDAQ” page of www.NASDAQ.com, should be submitted 15 days prior to the issuance of securities or 10 days before the record date for SEC 10b-17 distributions.
10b-17 distributions apply to:
Stock split/stock dividend or reverse split;
Other distributions in cash or in kind, including a dividend or distribution of any security;
Subscription offering or rights offering/poison pill.
To me, "distribution of any security" covers this, even it's judged *not* to be a split...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by a surfer: Mo the one other thing that ws brought up last night by Simon before rufus was on was that he thought a company had to give investors 10 days notice for a divi.
Now I am not sure of the laws in this case considering that technically it is not a dividend.
quote:Originally posted by casviper: I have a huge headache. In simple terms this is my understanding.
I bought and own 2,000 shares at .34 each.
On Oct 30th I will own 2,000 shares at $15 each unless the price is lower, at which time I will own more shares at a lower pps however the value will be the same. (2,000sh x $15pps = $30,000 or 3,000sh x $10pps = $30,000)
Please let me know if my thinking is correct.
Casper, it's very simple. Take the amount of shares you had yesterday at close. Ex: your shares x 6= new share count. So if I had 2000 shares yesterday, I will have 12000 shares on Oct. 30th. Cool eh! GLTY
You would have 14000 total in this scenario on 10/30. You need to multiply by 7 to include the shares you currently have.
2000 X 7
or (2000 X 6)+ 2000
-------------------- One shot - One kill.
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posted
I wonder when TDA will let people buy this again. I guess its worth a call or email today. Seems like they can't just sit back and let SEC documents come out and still keep the lid on this.
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posted
tax I think this was posted all the time in the 8-k. I think (c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration
what rufus did in effect is reset the shareholder value to an equivelant to the 15pps on currently held shares. It doesn't specify how he had to do it. Maybe this is how he'll get around any of the reg's. Just a thought.
quote:Originally posted by St. Matthew: No offense Skip...but any investor that can't see this as a wonderful opportunity to double, triple, quadruple their money in the next 6 months should not be investing...period!
actually, that is kind of offensive.
Note that I wished you all luck and hope for the best for you all. Allstocks has traditionally been a board for stock discussion. I was just discussing my thoughts. I knew I shouldn't have posted that, I figured I would get some backlash. I just feel for your "brethren" that sold yesterday (such as Jo) and now everyone is mocking them.
again, good luck to everyone. I respect most of the folks on this board and hope this all pans out the way you want it to. [/QB]
Skip...please also note that I said "No Offense" intended. My comments were not so much directed at you, but more at those who have shorted and / or day traded this stock into the ground. What Rufus did yesterday was because of those people. Most who got out yesterday probably planed to get back in a couple of days at a lower price.
You are saying that Rufus is only taking care of those who were in on the 16th...and that he does not seem to care about the future shareholders. That is just not true. Nothing could be further from the truth. Yes, he is rewarding those who have held long and strong, but in reality, he is bringing the shareholder investment value to what it should have been in the first place. This was part of the merger agreement. That's all. If it was not for all of the crap that has been thrown at this stock, we would / should be there already.
Where do we go from here...Nasdaq, institutional investors, future stock splits, more assets (to be announced shortly), more JV's, stock issued from established JV's, audited financials with $15 billion in assets coming in November. It's all right there for those who want it.
I truly hope you take advantage of this wonderful opportunity. You seem like a nice fellow...GLTY
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
posted
Cassity.. I think that you may have the formula wrong... for every 1 share that you have you will get 6 MORE 1x6=6+1=7 So you may have more shares than you think come the 30th
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by RyanPBF: actually cass multiply your current shares by 7 because you are multiplying by six those are the extra you are getting. you still have to add in the ones you already have
Yah my mistake, I just got that figured out! I am even more excited now!
quote:Originally posted by luvforever: Thank you skip and yes I feel sorry but if you do dd and know what you have and werent greedy or whatever was scared then you wouldnt have sold Know what you are about to hold before putting your money into any stock read back on those posters remarks when they were in and see if at one time they were not rude to anyone ever... then say i should feel bad even though i do but it is not my fault i did my dd and i am rewarded like so many others...even if peeps ignore me on boards no skin off my arse! I know what I have and it was nice to chat and bs when there was nothing but i do not depend on any one person but me!!!! glta
You are not ignored Luv...
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
quote:Originally posted by 10of13: Cassity.. I think that you may have the formula wrong... for every 1 share that you have you will get 6 MORE 1x6=6+1=7 So you may have more shares than you think come the 30th
at what price (PPS)???? ON THE 30TH any body knows that
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posted
No one knows what the PPS will be on the 30th...maybe a buck...hopefully it will be above mmmm...30? Who knows...the thing is...you can hold them...for a greater PPS or sell them...your choice...let's se what the 30th brings...
quote:Originally posted by dollar13:
quote:Originally posted by 10of13: Cassity.. I think that you may have the formula wrong... for every 1 share that you have you will get 6 MORE 1x6=6+1=7 So you may have more shares than you think come the 30th
at what price (PPS)???? ON THE 30TH any body knows that
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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I really love how this is all playing out, but I can't get the too good to be true out of my mind. I am holding long and strong, but here is what doesnt make sense to me. After the 6:1 ratio the book value will be $11.00 based on current assets, but not even based on another 8 billion Rufus says he has "contracted".
If we go to Nasdaq this will surely boost price too. The one thing that concerns me is that yes we have all these bonds, but where is the business plan and the JV's etc...that will make investors see the true worth of the company. If he has 15billion in bonds, but doesnt use it, then it means nothing.
Also here is the clincher...how in the world can Rufus make many investors millionaires or more. I put in a measly $8,000 in this stock, and if the price gets to $25 at one point post 6:1 ratio is $929,950.
So if this company was for real, with the assets they have compared to other companies, most of the companies trade in the $60-$150 range.
So if we can hit $25 and be on nasdaq, im a millionaire? Seems impossible.
-------------------- Disclaimer: Not accountable for anything I say
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posted
10of13 ? ok let me get this straigth ,so if i buy shares on friday 27 ,then MONDAY the 30th i will have 6 more shares for each ones i bought friday is that right??????
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quote:Originally posted by dollar13: ok let me get this straigth ,so if i buy shares on friday 27 ,then MONDAY the 30th i will have 6 more shares for each ones i bought friday is that right??????
NO. It's based on the number of shares you held at EOD yesterday the 16th. The 30th is when the shares will be delivered.
-------------------- One shot - One kill.
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quote:Originally posted by stocktrader22: Here are some of my thoughts:
I really love how this is all playing out, but I can't get the too good to be true out of my mind. I am holding long and strong, but here is what doesnt make sense to me. After the 6:1 ratio the book value will be $11.00 based on current assets, but not even based on another 8 billion Rufus says he has "contracted".
If we go to Nasdaq this will surely boost price too. The one thing that concerns me is that yes we have all these bonds, but where is the business plan and the JV's etc...that will make investors see the true worth of the company. If he has 15billion in bonds, but doesnt use it, then it means nothing.
Also here is the clincher...how in the world can Rufus make many investors millionaires or more. I put in a measly $8,000 in this stock, and if the price gets to $25 at one point post 6:1 ratio is $929,950.
So if this company was for real, with the assets they have compared to other companies, most of the companies trade in the $60-$150 range.
So if we can hit $25 and be on nasdaq, im a millionaire? Seems impossible.
Stock, did you listen to Rufus last night? This company is huge. We are going to get even BIGGER! Rufus is a very intelligent business man, he has never failed us even ONCE. Let's just sit back and thank God that he has given us a financial opportunity like this. GLTY and enjoy it!
quote:Originally posted by stocktrader22: Here are some of my thoughts:
I really love how this is all playing out, but I can't get the too good to be true out of my mind. I am holding long and strong, but here is what doesnt make sense to me. After the 6:1 ratio the book value will be $11.00 based on current assets, but not even based on another 8 billion Rufus says he has "contracted".
If we go to Nasdaq this will surely boost price too. The one thing that concerns me is that yes we have all these bonds, but where is the business plan and the JV's etc...that will make investors see the true worth of the company. If he has 15billion in bonds, but doesnt use it, then it means nothing.
Also here is the clincher...how in the world can Rufus make many investors millionaires or more. I put in a measly $8,000 in this stock, and if the price gets to $25 at one point post 6:1 ratio is $929,950.
So if this company was for real, with the assets they have compared to other companies, most of the companies trade in the $60-$150 range.
So if we can hit $25 and be on nasdaq, im a millionaire? Seems impossible.
Rufus said:
"Go read documents very carefully.........JV's do not receive any funds until we file S3's"
Tax's layout that rufus gave us says... 8k next, then PR PR S4 Then S3
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