I've been informed that prior to last years reverse split, there were 12 billion shares O/S.

quote:

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Originally posted by datalore:
The O/S quoted on pinksheets.com is the most accurate number to date.

I've been informed that prior to last years reverse split, there were 12 billion shares O/S.

Revenues & cash will offset the 996+ million
O/S. For instance, take a look at SIRI. They have 1.23 billion O/S, but because they have 500+ million in cash and 12 million in revenues, their PPS is $3.18.

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Lifeline will release their sales results at the end of this quarter. Afterwards, they're going to relist onto the OTC.BB. As soon as they reach $4 PPS, they'll list onto the NASDAQ Small Caps.

Lets say 1 Billion Shares...

at the current price that is about
$26.5 Million in O/S at the current
price.

(this seems a lot to me for a company
that is very small without any significant
revenue - YET -)

Anyway, that would be a PE of 10 on
$2.65 Million in earnings.

So my feeling is that this stock has
some room to move should their products
begin to take off.

(The thing we all need to watch is
... if they once had 12Billion shares
outstanding... when a reverse occurs it
does not change the original amount that
can be allocated for sale... i.e. a company
is register for 10Billion Shares... They
have 100Million o/s they then reverse 100
to 1 leaving 1 Million Outstanding. The original 10 billion allocated to the
company are still totally intact. They
can then sell another 99 million to raise money
and then be where they were before the
split. Plus have 9.8Billion in reserve...(just an example-from my understanding)

It is a bit disconcerting that the
information would not be open in that
the company sold some 900 million
shares this year to raise funds...

You have a valid prediction.

My guess is that they'll wait till after all the trade shows and conferences are finished, before they send any PR.

PAUL

quote:

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Originally posted by datalore:
realperson,

You have a valid prediction.

My guess is that they'll wait till after all the trade shows and conferences are finished, before they send any PR.

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Please restate your post. I didn't understand what you were trying to write.

quote:

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Originally posted by realperson:
Data and
Paul
On monday I will post my I told us so
or
Hide

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quote:

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Originally posted by datalore:
realperson,

Please restate your post. I didn't understand what you were trying to write.

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I just ment On monday when the PR comes out I can say I did It I got something right!!

heheheheheh But if does not come out I will just Hide

Nevermind. I realized what you were saying after I punctuated your message.

You are probably right about the PR next week.

I just think that Lifeline has their hands full right now. PR could be sent after they are finished w/ the conferences and shows.

Monday!!

Even if PR doesn't arrive on Monday, you don't have to hide.

Your assessment of a 14 day separation between PR's makes a lot of sense.

Looking very oversold here!

Keith

Lifeline Recognizes Slow Down by Market Makers in Processing Buy Orders in the Company's Stock
Jump to first matched term

LAS VEGAS, Mar 31, 2004 (BUSINESS WIRE) -- Dr. William Reeves, President and founder of Lifeline Biotechnologies, Inc. (OTC:LBTT) expressed, once again, total frustration with illegal public trading activity in the Company's common stock.

Dr. Reeves stated, "I was reluctant to issue this release because of its negative content, especially at a time when our company has so many positive activities going on; in fact, more positive activities now than at any previous period in its history. We are currently working on marketing initiatives in both the U.S. and Europe and anticipate several press releases covering these developments; including the favorable results of our recent conferences and conventions, product sales projections and the status of our recent funding efforts. But, unfortunately, this matter needs to be dealt with today taking us away from so many of our important business activities."

In a news release issued in September 2003, Dr. Reeves outlined the negative impact illegal short selling has had on the Company's stock. Since then, Lifeline, its management, and numerous investor supporters have been active, together with many others, in helping bring about new regulations issued by the SEC and NASD to protect investors from illegal short selling.

Reeves stated: "Now that these new rules are scheduled to become effective April 1st, a number of the market makers in the Company's stock are ignoring and/or refusing to process buy orders with the apparent intent to hold down the price per share so short positions can be covered at lower prices. This is illegal activity and management of the company and our legal counsel are in touch with the SEC, NASD, the DTC and the compliance departments of the market makers involved to get this resolved.

"There appears to be a well organized freeze in place by major Pink Sheet market makers to not process buy orders at the market. This is not limited to Lifeline, but is also in play for numerous other stocks that suffer from large illegal short positions.

"We are asking every investor, both new and old, to report each and every holdup to the SEC and NASD compliance, and the compliance department of the broker involved. The regulators do not always respond promptly to these situations, but we believe if they receive calls from all who are affected by this illegal activity, they will force the market makers to process all orders in a legal and orderly fashion.

"Everyone who issues a buy order should also demand that their broker send them their shares and every order that is not processed needs to be reported to the SEC, NASD and the compliance department at the subject brokerage firm."

CONTACT INFORMATION FOR FILING A COMPLAINT:
------------------------------------------

SEC COMPLIANCE:
HOWARD CAROLAN Tel: 202-942-4558
STEPHEN CUTTER (Director of Enforcement) Tel: 202-942-4500
NASD CUSTOMER COMPLAINTS:
PATRICIA CLEM Tel: 240-386-4997
DEPOSITORY TRUST COMPANY (DTC) Tel: 212-855-5205
MARKET MAKERS AND SHORT SELLERS:
SCHWAB CAPITAL (SCHB) Tel: 201-963-9100
KNIGHT SEC. (NITE) Tel: 800-232-3684
HILL THOMPSON (HILL) Tel: 201-369-2931
(Pat Brake, Compliance Dept.)
WIEN SECURITIES (WIEN) Tel: 800-624-0050
GVRC CO. (GVRC) Tel: 800-638-8602
T. D. WATERHOUSE (VFIN) Tel: 800-934-4448
A. G. EDWARDS (AGE) Tel: 877-835-7877

On a more positive note, Reeves indicated that Company management is in Las Vegas to attend the Breast Surgeons Conference March 31st through April 3rd. Lifeline will be introducing its newly developed microendoscope known as Mastascope(TM). The Mastascope(TM) is targeted for use by physicians in examining patients with nipple discharge. Management believes, and previous testing of this product indicates, that breast cancer can be detected at a very early stage when treatment is most likely to produce increased levels of success. Dr. Kefah Mokbel, Lifeline's key investigator who assisted in the development of the Mastascope(TM), has stated he believes many needless surgeries could be eliminated by the physician's utilization of this product.

Heads up on PR is Good.

Price being manipulated is bad.

Future of this stock....My opinion is GOOD.

PAUL

I think they have a great chance at making it very big.

Would love to see those numbers soon but, I think I am in this one for a while.

I have a sell order in at about 10 X the current tradeing range. I hope I can leave it alone.

I seem to be following it so close right now, I may pull the trigger too soon. I might need to ignore this one for a while.

PAUL

quote:

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Originally posted by PAUL:
I thik this may be the first stock that I may hold from pink to bb to another exchange.

I think they have a great chance at making it very big.

Would love to see those numbers soon but, I think I am in this one for a while.

I have a sell order in at about 10 X the current tradeing range. I hope I can leave it alone.

I seem to be following it so close right now, I may pull the trigger too soon. I might need to ignore this one for a while.

PAUL

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I hope that it is well worth the wait.

WWJD, I too am concerned about selling too early on this one. I expect big things but, am watching real close right now.

I was glad to see it close in the green for me yesterday. I was starting to laugh again yesterday because CMKX was the only thing green for me for a while.

I am ready for LBTT to find a higher trading range (today).

Aside from whatever I may make on their stock. I hope the company does well. I hope they are sucessful at assisting doctors in saving lives. Surly a better cause than trying to dig up gems, renting video games and cell phones or erecting another cell tower. (Refering to others I hold or have held recently.)

These people are working on something "worth while". I hope the pps goes very high and they are able to do everyting they need to do. May their business direction continue to be in the interest of mankind.

PAUL

You don't own QBID? Neither do I, but some would argue that to be a noble cause too. LOL I will own QBID if it drops low enough though. Have to detach causes from profits.

I chose as examples, stock I have held. Trying not to get into a discussion like this. Oh well.

I choose not to detatch causes from profits as you put it. There are just some things I would rather not invest in. I am sure it is that way with everyone, we just all draw our lines in the sand at different places fro different reasons.

I hope this post and my previous post did not seem like I was trying to keep people from investing in something they want to invest in. It was not my intention. Again this is whay I pick stock I have held or am holding.

My post was intended to be more so about the good LBTT might be able to do, not the bad that other companies are doing.

Sorry if I was not clear. Not trying to put anyone or any company down.

PAUL

quote:

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Originally posted by will:
PAUL: "Aside from whatever I may make on their stock. I hope the company does well. I hope they are sucessful at assisting doctors in saving lives. Surly a better cause than trying to dig up gems, renting video games and cell phones or erecting another cell tower. (Refering to others I hold or have held recently.)"

You don't own QBID? Neither do I, but some would argue that to be a noble cause too. LOL I will own QBID if it drops low enough though. Have to detach causes from profits.

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