posted
Hey guys--several of us over on the motg board are also playing this. aznasdaq, who posts there regularly, said he spoke with the ceo of diamant film, who told him a reverse split would be likely before any big contract news. aznasdaq is pretty reliable, but I don't know him personally.
I kept 100k, but sold the rest at even and will look for re-entry. Betweem the dilution and the r/s it's a little too uncertain for me. Not trying to scare anyone, just passing on info.
Called the company (Canada) and spoke briefly with the CEO after getting through the admin. He alluded to a R/S before any "contracts" were announced..was not happy with the O/S...and at that point it was only (only...hahaha...) 385MM....call the T/A now...you'd be surprised....or for that matter, call the CEO.....it's all about doing the due....
posted
Thanks Kat...I also sold today as it appears that there is dilution going on...and rumor of an R/S was enough for me to exit...although I was able to sell at the ask quite easily. I need some solid answers before I reinvest, but I will be watching closely...Anyone else have anything???
posted
They had a R/S split in the past but wouldn't think they would do one before thery get everything going... Just one thing I don't like right now is the deals they actually are making deals with themselves/own subsidiary's? I can't figure that out? GL
IP: Logged |
posted
I never heard of a ceo admitting to an impending R/S. Not calling anyone a liar here, but that doesn't sound right. Dillution, yes. R/S.....I don't think so. Too many good things going on. Why do CO's R/S? When they are in trouble and need to raise money. This isn't the case. I don't see a R/S. AND, I repeat, AND the MM's know before any of us do, and this doesn't look like a R/S activity. I should know, I have suffered through plenty.......
IP: Logged |
posted
Something didn't seem right about the R/S. How many O/S are there anyway? Looked on pinksheets and couldn't find it...maybe I missed it. <----newbie
IP: Logged |
posted
Their last split was a forward split not a reverse...they can't do a R/S without us knowing about it...has anyone seen any PR or announcement that would even appear to be heading that direction?That PR and/or filing would be very specific since its a SEC requirement to do so.
and I will be the first to tell everyone here no matter what stock they are in,if a company files a PRE14 and one of the request listed is an RS I would recommend selling ASAP even if you in the negative and also if you ever see a PR stating that an RS is the best thing for shareholder value...GET OUT NOW!...its the best thing for the company,not share holders,I only seen 2 OTC's state they were doing an RS and never did it an in fact withdrew it,one was CRHM and I forgot the other symbol.
So far I believe the CEO,he says they have no plans on a reverse split nor the need to and its logical since they don't have billions of shares out,the most they will have out thats touchable should be at 440 mill or less and another 200 mill or so restricted if all share are ever issued.Stefan will be in after lunch tomorrow,the more who call the more we hear.What sucks is someone simply posted some BS on another board without any factual or even rumored basis and it led to this
posted
i was reading all this stuff about the R/S and im like.. hmm.. where the heck is questsolver?! he will say something almighty and everything will be better.
and so he did. what does your crystal ball see for this week, quest?? =)
IP: Logged |
quote:Originally posted by QuestSolver: Their last split was a forward split not a reverse...they can't do a R/S without us knowing about it...has anyone seen any PR or announcement that would even appear to be heading that direction?That PR and/or filing would be very specific since its a SEC requirement to do so.
and I will be the first to tell everyone here no matter what stock they are in,if a company files a PRE14 and one of the request listed is an RS I would recommend selling ASAP even if you in the negative and also if you ever see a PR stating that an RS is the best thing for shareholder value...GET OUT NOW!...its the best thing for the company,not share holders,I only seen 2 OTC's state they were doing an RS and never did it an in fact withdrew it,one was CRHM and I forgot the other symbol.
So far I believe the CEO,he says they have no plans on a reverse split nor the need to and its logical since they don't have billions of shares out,the most they will have out thats touchable should be at 440 mill or less and another 200 mill or so restricted if all share are ever issued.Stefan will be in after lunch tomorrow,the more who call the more we hear.What sucks is someone simply posted some BS on another board without any factual or even rumored basis and it led to this
Just FYI re this comment:
quote:they can't do a R/S without us knowing about it...
Am not *even* implying such can/will/might happen on this stock, but simply to let you know, yes, there *is* a case, a recent case, of an r/s without any filing. GLUV r/s'd into GVRP, then tried to f/s but screwed it up, yet NASD verified it was a valid f/s. Several of us played it (maybe some on this thread, I dunno) and when it was clear they had screwed the pooch, the company started pulling an incredible succession of shenanigans including an r/s that NASD has never posted, never publicly approved. Yet, the latest is the company is spinning shares into yet another ticker, with shareholders reduced 3,000,000 to 1 (3m:1). Illegal? We think so--but so far unabated since May...
just saying, don't count on regulatory authorities or "the rules."
Back to your regular programming...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
posted
BuyTex...I will have to look into that,I am willing to bet that they had in one of their filings in the past and split clause to pretect the company,one without expiration.A public company just cannot wake up one morning and say "hey....lets do a RS today"...it doesn't work that way in the BB's...was the one your speaking of in the pinks?
posted
As far as my contact with DIAAF, the CEO will not be in until this afternoon today. He was not at the office yesterday. This is not "implying", "alluding"' or whatever. He was not there yesterday. Maybe the call got mistakenly transfered to the Dress Barn across the street and the reverse split mentioned had to do with the dress hems for next summer.
-------------------- May your path be well paved and well lit.
IP: Logged |
posted
I don't believe there is a R/S coming but the way that they file, being in canada, things might be different? who knows until their file , which should be around a week from now... gl
IP: Logged |
posted
Yeah, their last one was forward (2-1) in 04'... I was talking about the 1 for 100 split on 06/16/2003. Still can't figure out the PR's announcing deals they make to themselves? GL
quote:Originally posted by strike1: They had a R/S split in the past but wouldn't think they would do one before thery get everything going... Just one thing I don't like right now is the deals they actually are making deals with themselves/own subsidiary's? I can't figure that out? GL
make a more or less disguised reference to; "He alluded to the problem but did not mention it" It would seem that a reverse split was never mentioned, it was alludidly alluded. Katrina when did you call? When did you sell? Why did you wait till evening to post?
-------------------- May your path be well paved and well lit.
IP: Logged |
posted
never trust management, there in for the money and run. stock holders are for management to make money for them selves and nothing else.the best you can do is make yours first and get out if your quick enough.
quote:Originally posted by Run4cover5: As far as my contact with DIAAF, the CEO will not be in until this afternoon today. He was not at the office yesterday. This is not "implying", "alluding"' or whatever. He was not there yesterday. Maybe the call got mistakenly transfered to the Dress Barn across the street and the reverse split mentioned had to do with the dress hems for next summer.
I see the panic continues on the gap down,all on a BS RS rumor...unbelievable.
posted
yep....and BTW strike I sent that post copy to a friend who works for CNN and she is a stock researcher and will follow it up to see if it was rumor or fact and if fact then I am sure she will dig deeper as to why a CEO would tell any investor without public notice.
posted
Don't worry. I don't think this is dropping because someone said an R/S is possible; it was slowing sinking anyway. IMO, we've all been expecting a good PR, and it has not materialized.
In Kat's defense, she posted the rumor shortly after it was posted on our other thread. She didn't post to bash or get everyone to sell, she just posted relevant information. That's what we're all about on this board, right? Posting any info we come across?
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
IP: Logged |
posted
That R/S rumor is a joke. I mean people are so easy to belive anything they hear and they sell out. Now good thing for those who did you get to buy in cheaper today. But ask yourself this question. Why on earth would a CEO out of the blue tell ONE person about a R/S and not everyone else? Why would a CEO even announce it to ANYONE over a phone call? I know of 8 people that have talked to him over the last week. They hole more shares MOST LIKELY than that guy has(45M) between all of them. So, I doubt that guy is worth crap, this is a great stock. I dont post over here much anymore because i am over at HSM and dont havethe time to post 2 places. Have a great day and good luck on all your trades. All this information is based on what i know.
IP: Logged |
Well, it seems I've gotten myself into a lot of trouble with a whole lot of people.
I was in NO WAY trying to start a sell-off. I ended up taking a loss on part of my holdings. I was only passing along information from someone on our board who is failry reliable. Was he lying? I don't know. But I thought I presented his post not as something factual. I just thought it was something you all might want to be aware of.
IP: Logged |
posted
Hey, nah not your fault you posted what you saw which is what i would hope soemoen would do if it were a real one. I will tell all of you this much. There is a peron that is going to be doing a interview with the CEO at lunch hopefully, and we will post all the information as soon as we get it and put a lot of stuff to rest.
But Katrina anything that has R/S results in sell off because your in pk/otc and that means BAD, lol. Have a good day guys!
Also this is a real statement from today:
"OK Guys, I just got off the phone with Diamant. I asked him about the web sales and he said they were suppose to be ready yesterday. It was not the president but another guy, he said to give him a call this afternoon and talk to the president. He said he'll be in after 11:30. Either way, they plan on having their web sales up real soon."
IP: Logged |
posted
Either the dilution is over, or the principal seller(s) have backed off to keep things even. Either way, we're going to see a small run here today, imo.
IP: Logged |
posted
At ease. One more thing before I go, I'm at ease about the mishap with the website. I'm at ease that is wasn't intentional deception by the company. I'm at ease that news will come. I'm at ease knowing that when it does, any day now, I'm in the loop and not chasing. If your not at ease with any stock you own, sell now. If your not at ease with this "forum of fraud" they call a "stock market", put your money somewhere else. Cash u guys lata.
-------------------- May your path be well paved and well lit.
IP: Logged |
posted
... aaaand maybe I spoke too soon. These huge sells that are coming in under the bid are worrying me. This has been going on pretty regularly, huge sells that are significantly below ...
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
