posted
I've been trying to get out at .0006 for the past 2 days, but for some reason I havent! I bought at .0007, and as i said, i was going to wait till his week, to see if it went up. I thought a PR would come out, since they were going to be doing something w/ issuing Visa cards, but..oh well...
Posts: 98 | From: South Texas | Registered: Feb 2005
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posted
I bailed and took my beatings. Seems to be the my MO these days. At least in Vegas I get free drinks!!!
Posts: 482 | From: Arizona | Registered: Mar 2005
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posted
I am still in.Not worth selling at these levels.It came back from .0003 to .0006 early this afternoon,now its unchanged from the close last night @.0005.Remember you lost nothing if you stayed in and with microcap stocks we could be one pr away from going up nicely.
Posts: 1326 | From: Providence,RI,USA | Registered: May 2004
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posted
If it wasn't bad enough that after the 500:1 r/s on 9/20/2004. They diluted 500 million right afterwards on 11/15 then in March another 1.3 billion. Also they have ties with AFRC which in itself should tell you something.
From a 8-K filing
"Effective November 8, 2004, PTS Inc. (the "Registrant") entered into a stock exchange agreement with American Fire Retardant Corp., a Nevada corporation ("AFRC") to buy from AFRC 7,500,000 common shares of Glove Box, Inc., a Nevada corporation ("Glove Box") (the "Stock Exchange with AFRC"). The stock exchange agreement is attached as an exhibit to this Current Report.
The total consideration paid by the Registrant to AFRC in connection with the Stock Exchange with AFRC consisted of 7,500,000 shares of the Registrant's convertible redeemable Series C Preferred Stock, valued at approximately $750,000.00. The Registrant's convertible redeemable Series C Preferred Stock is subject to the Certificate of Designation establishing Series C Preferred Stock, which is contained in Attachment A to the stock exchange agreement.
The amount of consideration for the 7,500,000 common shares of Glove Box pursuant to the stock exchange agreement was determined following negotiations between the Registrant and AFRC and is set forth in the stock exchange agreement executed between the Registrant and AFRC.
The Registrant's board of directors determined that the terms of the Stock Exchange with AFRC are reasonable. The Registrant's board did not seek a third party fairness opinion or any valuation or appraisal of the terms of the transaction. Thus, the Registrant's stockholders will not have the benefit of a third party opinion that the terms of the Stock Exchange with AFRC were fair from a financial point of view.
Effective November 8, 2004, the Registrant also entered into a stock exchange agreement with Steven F. Owens, the President of AFRC, to buy from Steven F. Owens 2,500,000 common shares of Glove Box (the "Stock Exchange with Owens"). The stock exchange agreement is attached as an exhibit to this Current Report. The total consideration paid by the Registrant to Steve F. Owens in connection with the Stock Exchange with Owens consisted of 2,500,000 shares of the Registrant's Series B Preferred Stock valued at approximately $12,500.00. The Registrant's Series B Preferred Stock is subject to the Certificate of Designation establishing Series B Preferred Stock, which is contained in Attachment A to the stock exchange agreement.
The amount of consideration for the 2,500,000 common shares of Glove Box pursuant to the stock exchange agreement was determined following negotiations between the Registrant and Steve F. Owens and is set forth in the stock exchange agreement executed between the Registrant and Steve F. Owens.
The Registrant's board of directors determined that the terms of the Stock Exchange with Owens are reasonable. The Registrant's board did not seek a third party fairness opinion or any valuation or appraisal of the terms of the transaction. Thus, the Registrant's stockholders will not have the benefit of a third party opinion that the terms of the Stock Exchange with Owens were fair from a financial point of view. "
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
I've traded this thing 5x now in the past several days. Buy in at .0004 - .0005 and sell at .0005 - .0006
I've been able to sell at the ask everytime. Just have to let the order sit a little while.
Easy money. $200+ every trade now. And I'm just waiting for it to pop. The RSI is screaming that this has bottomed out.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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LAS VEGAS, Apr 26, 2005 (BUSINESS WIRE) --PTS Inc. (OTCBB:PTSN), announced today that Global Links Card Services, Inc.("GLCS"), a wholly owned subsidiary of PTS Inc, signed an agreement with Sunrise Business Services to provide its affiliate, "Discount Detective Agency" with the FastMax Visa (TM) Debit card. The first card program offered by Discount Detective Agency will be co-branded with the name Medeon on the card along with the Discount Detective Agency icon. Medeon, www.medeonmd.com, is a national members only physician organization dedicated to bring its members exclusive savings on products and services. The DDA icon allows the Medeon cardholder access to the Discount Detective super store www.discountdetectiveagency.com where discounts on health care, entertainment and general merchandise items can be found. Discounts are 20% up to $25 for most transactions at thousands of Entertainment(R) merchants nationwide. Medeon anticipates enrolling cardholders from its member base of approximately 23,000 physician members, 100,000 employees and over 1 million patients.
"GLCS anticipates that Sunrise will be a major contributor to GLCS' distribution of the Company's FastMax Visa Debit Card," said Peter Chin, president of PTS.
About PTS, Inc.
PTS' subsidiary Glove Box, Inc. owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box system is a freestanding dispenser of disposable latex gloves, which is being marketed by PTS in the US and Asia. PTS acquired GLCS in December, 2004 establishing it in the debit card distribution business.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
SOURCE: PTS Inc.
PTS, Inc. Peter Chin, CEO, 702-380-3811 Email: PSC3388@yahoo.com
Copyright Business Wire 2005
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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Obvious newb here and certified bagholder. I'm tryin though.
