Spoke with Michael today in PA. I didn't realize how the whole process of security inks/labels are applied.
The process of adding the SSTY s-dna to a label was explained to me as follows:
SSTY doesn't put the ink onto any labels. SSTY doesn't put anything on anything. SSTY sells the s-dna ink to the company and the company has the label maker put the s-dna ink onto the labels. SSTY has nothing to do with any application process. They don't handle any labels they just provide the ink to who ever makes the labels.
Michael also told me they are ahead of schedule in delivering the rest of the product connected with the initial $5 million dollar contract. He also confirmed that the contract SSTY is after is the 2-3 billion labels that China makes each day. So it is 2-3 billion labels per day contract. The initial $5 million dollar contract was to see how well/easily product could be delivered so as not to impact label production. The process is working flawlessly.
I'm looking forward to seeing bigger contract being signed in the next 30-45 days! I'm buying all dips so bashers...get to work!
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I would also like to thank you databig. This makes me feel a little bit better about holding. I might wait to see if I can get some more shares. But Im thinkin it will keep at this bearish pace until some news comes out.
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So if anyone of you are on any other chat site and they have a thread for SSTY this might be something that you might want to post. Also, with that information we see where the Chairman is getting his billion dollar year from. $5 million a day = 5*269(8 days a month for the weekends)= 1.345 billion for the year. That is so sweet.
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I was checking out the people on www.investorshub.com and they don't say much, do they? I swear, each posting a member made was 2 to 3 words long per post. I like it here alot better.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
I have also been looking at SSTY today, pretty low, and I have also been looking at the last wave a few months back, it looks like the price still has a way to drop before the next wave up.....
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I don't think it'll drop back to $0.0015 like you mentioned above. I could be wrong though. The Chairman made a comment in his last video release about SSTY being a blue chip company and that SSTY at this point should be a 50 cent stock. That's all he said and went on with something else. Now I'm just keeping my fingers crossed that wasn't a hint for a reverse split. The good thing is, The President of SSTY said there is NO reverse split back in November. SSTY's last reverse split was in early 2003 in March, if I can recall. I personally DON'T THINK SSTY will surprise us with one. I really don't. With the money that this company is making this year, in the BILLIONS, there should be absolutely NO reason for a reverse split whatsoever. Good luck!
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
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Even if the stock jumps, and I didn't get in, meh, congrats to all of you, its better that you guys don't lose money than I make a lot, hehe, I do have a heart...
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DWE, lets say your worst fear that SSTY does do a reverse stock split, I wouldnt be too sure that it would crash like most stocks. I have seen one that went up dramitically after a reverse stock split. But that is when i first started trading and dont remember which stock it was. But I imagine if SSTY did a reverse stock split so it could switch to a more respectable trading board, it would be a chance it would do the same thing. I assuming that if a company does a reverse stock split is and does it for other reasons rather than to cover up its weakness, then it isnt bad. But being that 95 percent (im estimating) do a reverse stock split to cover up weakness, its a rule of thumb that the stock will go down dramitcally afterword. This is all just my opinions and philosophies based on little experiance I have.
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Im pretty sure that a stock wouldnt have to do a do a reverse stock split to switch to another boad, but you kind of get my point...
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I agree ChuckMan. When SSTY completes its filings with the SEC to be listed on the OTCBB, I'm hoping everything will remain the same with absolutely no R/S except for the dramatic PPS increase!
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
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SSTY Chairman, James Mackay assures the shareholders that they are working hard to recover any and/or all missing documents to be filed so SSTY can be listed onto the OTCBB. That should happen this month but if it does take longer than expected, I can certainly understand due to the corrupted executives in the past that attempted to bring SSTY down to the ground. The past executives of SSTY had done alot of damage to the company but the ones who are running it now are the ones bringing SSTY all the way to the top.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
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Hi you guys. I've been following this board in addition to several others and I think you guys should come check out ragingbull.com. We have one heck off an SSTY thread there. All different kinds of personalities and we are all practically like our own little family over there. If you wonder where the small trades at the end of the day come from, they mostly come from our club, FOSS (friends of Sammy society). Come visit us!
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I only say this because you guys seem a little out of the loop. We have posters that do mega-DD on this little gem and we know about news within seconds. Just FYI.
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I'm probably not the best one to be asking that question too. If you go and ask them (or I will in a couple of seconds and you can see what happens)the place will welcome you and give a complete breakdown. Everyone seems to be waiting for the 26th video, and we've had a lot of debate regarding the videos and such. Johncee does a lot of research. He's a good one to ask. I will go and announce that I have invited some new people and see what happens now.
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I will tell you that recently someone had talked to Cimino and he claims that the initial test order is still ahead of schedule.
And the other interesting thing is that SSTY does not actually get physically involved with the application of the product. All they do is sell the ink and the individual production facilities are instructed on how to apply the ink to the products. This is how the product is able to be so cheap.
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quote:Originally posted by Kane31: DWE, you doing ok today? We all know how you hate federal holidays when trading is closed.
Kane31..... Thanks for asking. No, I'm not doing okay. Been trying to keep myself busy just to make time go by quick but it's not working when your girlfriend's moody all day because of cramps and takes it out on me. So nomatter what I do, I'M WRONG ALL THE TIME! But I'll survive! How are you doing???
Hey there WarpedMind!
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
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