posted
I was in CBAY at .16 and got out at .65. A slow move like this is great. No crazy ups and downs. I hope to see this have gain like this over the next several days.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Indicate by check whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No [ ]
Indicate by check mark whether the Registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No x
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No x
The number of shares outstanding of the registrant’s common stock, par value $0.001 per share, as of March 13, 2006: 59,974 shares.
-------------------- pennies rock...but only brav hearts allowed here Posts: 575 | From: seattle | Registered: Oct 2005
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quote:Originally posted by ohio_trader: why isn't this moving up more???
I am holding out for a follow-up PR. If the PPS drops real low I may double down. With the 3 day weekend who knows what the OTC will do today.
-------------------- If I talk about a stock, I either own shares or may be looking to buy. DO your own DD. Posts: 34 | Registered: May 2006
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-------------------- I'm a poor redneck trying to make some extra cash. Do your own DD! Posts: 75 | From: Augusta, GA | Registered: Apr 2006
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posted
Initially looked good to me, but now not so sure. Below is from their 10 - Q in March. Also noticed they're playing musical chairs with the Officers. Be Careful. I'm going to sit on the sidelines for awhile and see where this is headed? GLTA
Liquidity
During the six months ended January 31, 2006, net cash decreased by approximately $27,000. Cash inflows of approximately $181,000 were from financing activities; proceeds from the sale of common stock and the issuance of notes payable. Cash outflows during this period was principally the result of cash used by continuing operations to fund the operating losses of approximately $260,000 (net of
depreciation and issuance of common stock for services), and $53,000 of accounts payable increases. Cash outflows from investing activities consisted of approximately $1,900 used to purchase property and equipment.
During the six months ended January 31, 2005, net cash increased by approximately $2,000. Cash inflows of approximately $15,000 were from proceeds from the sale of common stock. Cash outflows during this period were principally the result of cash used by continuing operations to fund the operating losses of approximately $13,000 (net of depreciation and issuance of common stock for services).
We have limited or no prior history as a BDC. Further, we will require substantial additional funding for continuing BDC administration, compliance requirements and the implementation of the business plan as a BDC. There can be no assurance that the Company will be able to obtain sufficient additional funds when needed, or that such funds, if available, will be obtainable on terms satisfactory to the Company. These conditions, among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result the Company be unable to continue as a going concern.
The Company intends to invest in companies that focus on providing marketing and promotional services. We will seek to leverage the combined talents of our experienced management team to invest in those companies and to enhance shareholder value.
A business development company is defined and regulated by the Investment Company Act of 1940 ("1940 Act"). A business development company must be organized in the United States for the purpose of investing in or lending to primarily private companies and making managerial assistance available to them. A business development company may use capital provided by public shareholders and from other sources to invest in long-term, private investments in businesses. A business development company provides shareholders the ability to retain the liquidity of a publicly traded stock, while sharing in the possible benefits, if any, of investing in primarily privately owned companies.
The Company is authorized to issue up to $5,000,000 in value of securities without registration of said securities under the Securities Act of 1933; in reliance on the exemption provided by Rule 602(a) of Regulation E under the 33 Act. Through January 31, 2006, the Company has raised approximately $602,000 proceeds against this limit.
Failure to secure additional financing or to raise additional equity capital may result in the Company depleting its available funds and not be able to pay its obligations. These circumstances, among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.
We currently anticipate that our cash requirements will be approximately $300,000 for the remainder of this fiscal year. There are no capital expenditures planned for the remainder of this fiscal year.
Posts: 616 | From: Mid West | Registered: Mar 2006
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Rudy 45 Begins Due Diligence on Natural Products Company
SANTA MONICA, CA, Jun 05, 2006 (MARKET WIRE via COMTEX) -- RUDY 45 (PINKSHEETS: RDYF), a business development company (BDC), today announced that the company has begun exploring a potential transaction with a publicly traded natural products company. In line with the company's vision of seeking acquisition candidates that offer a reasonable and likely return on investment, management has identified a natural products company that appears well positioned for growth. Initial discussions between the two companies expressed a positive interest on both sides, and management believes it is now prudent to begin formally conducting due diligence as an acquisition candidate. This process will ensure any proposed transaction is in the best interest of Rudy 45 shareholders, and should be completed no later than (45) calendar days.
Rudy 45 is aggressively seeking other opportunities for acquisitions or investments in small or emerging companies. The company will continue to keep shareholders updated in regards to their progress.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
For More Information Contact:
Nassau International Consultants, Inc. nicirkm********** (516) 238-4936
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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