posted
You guys listed the worst 3 - the same ones I was going to list. Am. Fire Protection, Gateway (The Right Solution MLM wannabe co; NOT the computer co) and Pacel.
These CEOs have a 4 step process that goes like this:
1) Lie - "No RS"! LOL
2) Do a RS
3) Print MORE shares
4) Do it again
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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On August 5, 2004, the holder of approximately 75% of the voting power of the outstanding shares of the Company’s Common and Preferred Stock (par value $0.0001) voted to approve:
The reverse split of the Company’s Common and Preferred Stock (par value $0.0001) so that upon effectuation of the split, one (1) New Share of the Company’s Common and Preferred Stock will be issued for up to each thousand (1,000) shares of the Company’s Common and Preferred Stock currently issued and outstanding with each fractional share rounded up to the next whole share (the “Reverse Split”) except that the Reverse Split shall not affect the shareholdings of those shareholders holding one hundred (100) or fewer shares of record as of the Record Date.
Prior to the Reverse Split, the Company had 2,144,468,337 common shares, 875,000 Series A convertible preferred shares and 60,000,000 Series B convertible preferred shares of the Company’s Common and Preferred Stock outstanding. The Company has no intention of becoming a private company and there are no plans to “take the Company private”.
Posts: 638 | From: new york | Registered: Jun 2003
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posted
No one listed CMKX?!!!! Come on people. Message boards and bulleting boards are not intended for the sole purpose of posting bullish stocks!!!!!!!!!!!!!!!!!!!!!!!!! They are are very useful and a God send when warning against stocks that are about to dump! I can not name a single board that has posted a thread or topic about an impending down trend. What is wrong with every one? We are dealing with stocks that rise and fall daily. Can I be the only one who would like to have someone let me know that a stock I maybe holding is about to reverse or name change! If this is so then I will send this warning to my self ... CMKM has symbol changed twice and from CMKM to CMKX they made all CMKM stocks worthless in the process! I hold them because I had $200 to flush. As for those here who are invested heavily in CMKM, I apologize for those who did not realize that it is perfectly allowable to post the good AND THE BAD!
Posts: 22 | From: Franklin, NH, USA | Registered: Jan 2004
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quote:No one listed CMKX?!!!! Come on people. Message boards and bulleting boards are not intended for the sole purpose of posting bullish stocks!!!!!!!!!!!!!!!!!!!!!!!!! They are are very useful and a God send when warning against stocks that are about to dump! I can not name a single board that has posted a thread or topic about an impending down trend. What is wrong with every one? We are dealing with stocks that rise and fall daily. Can I be the only one who would like to have someone let me know that a stock I maybe holding is about to reverse or name change! If this is so then I will send this warning to my self ... CMKM has symbol changed twice and from CMKM to CMKX they made all CMKM stocks worthless in the process! I hold them because I had $200 to flush. As for those here who are invested heavily in CMKM, I apologize for those who did not realize that it is perfectly allowable to post the good AND THE BAD!
Tutono, We might be on the same page re: CMKX but they haven't had a reverse split. Just gone through a number of name/symbol changes.
[This message has been edited by Upside (edited August 09, 2004).]
posted
BINGO2004. Sorry I didn't see your topic. Is there anyway we can keep this topic from getting lost on the board. Man I will gladly combine my with yours. As long as it can be seen by new viewers. Something should be done about these Git and Splitters.
Posts: 40 | Registered: May 2004
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NIT2WINIT1976
unregistered
posted
SUP PEOPLE U THINK GATEWAY IS BS?? SORRY I POSTED SOME DD ON THEM .....THANX FOR THE WARNING....SORRY BOUT THE DD...I JUST STUMBLED UPON THEM AND NEWS LOOKED OK ....GUESS I WAS WRONG
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I cut and pasted the news releases by Gateway on Jack Zufelt and Beryl Wolk and sent them an email telling them how nice Gateway Dist treats their investors. And how they had issued 4 reverse splits on thier stock in the past 5 years. I also told him that investors had lost thousand of dollars because of Gateways reverse split practices. Will it do any good? Don't know but it makes me feel better. Just thought they should know about the co they do business with.
[This message has been edited by silver70 (edited September 04, 2004).]
13:33 09/08/2004 PRIM Primeholdings.Com Inc Common Stock PMHJ PrimeHoldings.com, Inc. New Common Stock 1-100 R/S ** [URL=http://www.otcbb.com/asp/dailylist_detail.asp?d=09/07/2004&mkt_ctg=NON-OTCBB]
[This message has been edited by silver70 (edited September 07, 2004).]
posted
EFLT was crushed by all of their dilution, yecch.
I have to mention an "opposite" example here - ALMI. Despite start-up mining costs as they are just now starting production, Atlas Mining diluted by only: 0.6% over the last 12 months, as per their filing last week. The CEO Bill Jacobson is really looking out for shareholders, imho.
posted
After being bit by TSBB and GWDL I seem to hesitate to get into any of them. Kind of like writers block. Just keep complaining to SEC. Maybe in time they will stop the crums.
Posts: 17 | From: ga | Registered: Aug 2004
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posted
SEC is aware of these R/S, this is a loop hole.
I have lost faith in pennies.
quote:Originally posted by silver70: After being bit by TSBB and GWDL I seem to hesitate to get into any of them. Kind of like writers block. Just keep complaining to SEC. Maybe in time they will stop the crums.
Posts: 120 | From: Woodland Hills CA USA | Registered: Jun 2004
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Clyde Crashcup
unregistered
posted
When I wrote an e-mail to the SEC complaining about the AFRT R/S, they sent back an e-mail with a link to their question and answer section pertaining to R/S. I didn't accomplish much.
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GATEWAY DISTRIBUTORS, LTD. 3035 E. PATRICK LANE, SUITE 14 LAS VEGAS, NEVADA 89120 TELEPHONE (702) 938-9316
September 13, 2004 To Our Stockholders:
The purpose of this information statement is to inform the holders of record of shares of our common stock and preferred stock as of the close of business on the record date, September 3, 2004 that our board of directors has recommended, and that a majority of our shareholders intend to vote in favor of resolutions which will accomplish the following:
1. Amend our articles of incorporation to increase the number of authorized shares of our common stock from 25,000,000 to 25,000,000,000 shares.
2. Amend our articles of incorporation to increase the number of authorized shares of our preferred stock from 200,000,000 to 400,000,000 shares.
3. Grant discretionary authority to our board of directors to implement a reverse stock split of our common stock on the basis of one post-consolidation share for up to each 1,000 pre-consolidation shares to occur at some time within 12 months of the date of this information statement, with the exact time of the reverse split to be determined by the board of directors.
posted
Just thought I'd add AGRD 1/100 to this list. I was enlightened by a poster here...thanks for the heads up AGAIN. HERE WAS MY NEMESIS THIS YEAR FROM DILUTION, WMNI!!! @#$%@#$%#$^#$&^@#$%@#$%#$%^&$%^ I HATE WNMI!!!!
Posts: 829 | From: people's republic of cambridge | Registered: Jun 2004
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