posted
what other two are you talking about? Is IGTN one of them?
quote:Originally posted by mbmaid: This is GREAT news. In the last week, we've seen three separate announcements regarding the cancelling/retire,ent of shares.
Gettinf VERY interesting. Could be a big runner!
GLTA!
-------------------- Pennies are for trading.
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NanoSignal Corporation Announces Cancellation Of One Hundred Fifteen Million Shares Issued In Santa Rosa Trading Co Acquisitions And Debenture Shares via COMTEX
June 14, 2005
LAS VEGAS, Jun 14, 2005 (PRIMEZONE via COMTEX) --
NanoSignal Corp, an OTC Pink Sheets Fully Reporting Company symbol (Pink Sheets:NNOS), announced that it has cancelled another one hundred fifteen million shares of common stock that were issued previously, one hundred million in Santa Rosa Trading Co acquisition and fifteen million in the aborted debenture program This comes on top of 560 million shares cancelled under terms of the court action, one hundred million on the Santa Rosa Trading, Co aborted merger, and two hundred sixty million shares on the debenture program.
"As we have been reviewing our share count, we have found several areas where there were additional shares to be cancelled," said NanoSignal President and CEO James Wolfe.
"We also anticipate completing our 10K this week," said Dr. Rupert Perrin.
This press release contains ``forward-looking statements'' within the meaning of Private Securities Litigation Reform Act of 1995. Such statements can be identified by lead-in ``Looking Forward.'' These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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This is the oddest thing. I bought some shares after the first announcment thinking this was a good thing. Now, all these announcements later, and I'm down. What's the scoop with this? Seems like a lot of shares to be cancelled. Sheesh, you would think that the price would go up. Can anyone enlighten me on what all this means?
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Well even with the retired shares they raised the o/s nearly 300% since they did a reverse split in Sep. This is still a pump and dump. They didn't even report it and they suppose to be a reporting company. If they didn't retire those shares it would have been 600% increase since last r/s. They have missed there last two filings and getting ready to miss a third
-------------------- Invest with your brain not with your heart.
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Ric... I started this thread, and I've been making some nice cash the last 3 trading days playin the dips and runs. I'm strictly daytrading the stock as I stipulated early on in this thread. I haven't...nor has anyone else in this thread said that this is a long term hold. This stock has been a great play the last few days due to the stream of PR's. But thanks for that insightful commentary...though it is irrelevant to the nature of this thread
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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posted
This run was announced for long. The policy of the board to cancel shares after shares is for sure a good new and should lead to higher the valorization of shares...GLTA!
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