posted
HaHa....nice of him to respond so quickly, but a few sentences that answered nothing doesn't say a whole lot. You did ask some good questions, and thats why I think you got that response,
Posts: 596 | From: New Jersey | Registered: Apr 2006
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posted
And I agree about no real big difference if they go to the OTC.OB, but it would be a VERY long time before this company would be ready to go to the big boards such as the NASDAQ.
Posts: 596 | From: New Jersey | Registered: Apr 2006
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posted
As a stockholder, it will be a long time before this company goes anywhere after the RS. RS=Kiss of Death. Sure the RS is supposed to raise the share price. ? How much and for how long. At .0012 pps, RS 1:1000, pps 1.20 supposedly. Give it ten days and it will fall substancially. Yes, some RS's are good, most not.
-------------------- El Cheapo Posts: 5 | Registered: Feb 2006
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All stocks are a gamble. Penny stocks are a risky gamble. With risk often comes reward.
Only time will tell what the consequnces of this RS will be.
Long term if the company actually produces money making films, the stock price will appreciate. And there might even be dividends. (Doubtful)
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
I think an R/S can only be successful if immediately followed by a ton of good news at a steady pace that gets confidence up.
PPS is a direct measure of confidence. Making, or rather forcing your stock to $1 doesn't make it so. But do that followed up by a wealth of good information and you can keep your PPS up.
Posts: 59 | Registered: May 2006
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posted
Here's the key. If their authorized share amount is subject to the split as well, it "could" work out ok. If they only reverse split the outstanding, well, then it's a kick in the nuts to anyone holding this. If that's the case, then you have been fed half truths by the CEO. Sure, they won't file another REGDEX because they won't need to. What will happen is the shares that you once had are now back in company hands and they'll be issued again, driving the pps down to where it was pre-split.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Maybe because the current stock is basically dead?
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
The question now is who would buy at this price when it'll probably be half the price soon.
Who has insight into what the MM's are doing?
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
Does anyone know anything about the Rule 504 of Regulation D? That is to say, if I read this correctly, provides an exemption from the registration requirements of the federal securities laws for some companies when they offer and sell up to $1,000,000 of their securities in any 12-month period. My question is, does this rule go out the window when they trade on something other than pinks? If they move to NASDAQ for example, wouldn't they now be required to register, which would allow them now to sell more than $1,000,00 of their securities, dilution? Any thoughts?
Posts: 224 | From: Denver | Registered: Feb 2006
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posted
Rules are made to be gotten around. Nothing is certain with stocks.
If they don't make enough off of films to sustain the company....dilution is a given.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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quote:Originally posted by cool running: Does anyone know anything about the Rule 504 of Regulation D? That is to say, if I read this correctly, provides an exemption from the registration requirements of the federal securities laws for some companies when they offer and sell up to $1,000,000 of their securities in any 12-month period. My question is, does this rule go out the window when they trade on something other than pinks? If they move to NASDAQ for example, wouldn't they now be required to register, which would allow them now to sell more than $1,000,00 of their securities, dilution? Any thoughts?
If they got on the bigger board ie NADAQ they would not dilute as this would cause the PPS to fall and in essence cause them to fall right back off of the same board they are trying to become a part of. In time if the PPS was substantial to handle such dilution then perhaps you could see some.(This is not to say you will because there are many money making films and projects that are suppose to be bringing in the Bacon.)
Posts: 2063 | From: Europe | Registered: Feb 2006
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posted
It takes some effort for a company to go from the junk stock market to the NASDAQ. If they meet the requirements, my bet is it will take a year or more and then they would do whatever it takes to stay there.
Dilution occurs when any shares are added to the OS. Selling stock is an inherent part of being on any stock exchange. Companies that make enough to not sell stock or (god forbid) even able to provide a dividend don't add additional shares to the OS unless it's absolutely necessary.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
It takes some effort for a company to go from the junk stock market to the NASDAQ. If they meet the requirements, my bet is it will take a year or more and then they would do whatever it takes to stay there.
Dilution occurs when any shares are added to the OS. Selling stock is an inherent part of being on any stock exchange. Companies that make enough to not sell stock or (god forbid) even able to provide a dividend don't add additional shares to the OS unless it's absolutely necessary.
Really profitable ones even buy back some of their stock at times.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
finally pulled the trigger and sold. that hurt. maybe I will jump in again at a better place and time...good luck to all who stay, I will be watching and wishing you well...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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quote:Originally posted by Jason0321: When is the R/S supposed to happen?
There is supposed to be a meeting next Monday to vote on it and determine the ratio. The RS would happen anytime after that.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
Well poop...I debated whether or not to sell all day, and then decided to try and sell a portion at .0013 in the last hour when the price was at .0012. It went right over me and ended at .0014 without taking my shares, so maybe that's a sign from above =)
Posts: 596 | From: New Jersey | Registered: Apr 2006
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posted
i been thinking about this stock and wondering we all know that the rs is coming and a lot of people sold now the stock is in the ground lets say the people out there "the smart ones"are buying them up at .0011 and lets say they come out with the ratio rate at .0002 or better.the way i see it they have just made a killing on it.if anyone else has any thoughts on this please post them
Posts: 1510 | Registered: May 2006
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posted
My gut feeling is that there is a very good possibility that this company will make money in the long run. In the short run those that ride the RS might possibly see a reduction in their current 'value', but if they hang in there the pps will eventually rise and they will be rewarded.
If one has a 'small' position, it'd be best to get out now or buy more so you have a reasonable number of shares post split.
This will not be the 'get rich quick' stock it seemed to be before the RS news, but it may well in the longer term return a nice albeit moderate profit.
You win some and you lose some. This may be a winner.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
bmc, what do you consider to be a small position, and who is staying in and who is getting out, just wondering i dont know what i will do just yet, is there any hope that they will vote against the r\s,
-------------------- a little at a time turns a penny to a dime! Posts: 303 | From: lake charles | Registered: May 2006
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posted
I'd consider 100,000 shares or less a small position.
The info provided seems to point to the RS possibly being a foregone conclusion.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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The instructions say: Download Proxy Card HERE. Please print, fill out, and FAX to (310) 275-3105.
I already Voted "Against", and faxed it in. It's easy. If we all paricipate, we may be able to make positive changes. And you'll feel better that you did something other than worying. Please Do it NOW!
-------------------- This is the start of something big Posts: 242 | From: Michigan | Registered: Apr 2006
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posted
Im thinking that the pps will go down initally then shoot up when a good PR comes out, As for Monday I would wait to see what happens dont know if the R/S will actually Happen on Monday or later on the week.
-------------------- This is the start of something big Posts: 242 | From: Michigan | Registered: Apr 2006
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