posted
If you would like to participate in a National Teleconference with Rx Processing Corp. please dial
Toll Free Access Number 1-800-868-1837 Direct Dial Access Number 1-404-920-6440 Pass code 37273465#
Date/Time: 7/20/2006 4:15:00 PM Eastern Time Zone 7/20/2006 3:15:00 PM Central Time Zone 7/20/2006 2:15:00 PM Mountain Time Zone 7/20/2006 1:15:00 PM Pacific Time Zone
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quote:Originally posted by J_U_ICE: If you would like to participate in a National Teleconference with Rx Processing Corp. please dial
Toll Free Access Number 1-800-868-1837 Direct Dial Access Number 1-404-920-6440 Pass code 37273465#
Date/Time: 7/20/2006 4:15:00 PM Eastern Time Zone 7/20/2006 3:15:00 PM Central Time Zone 7/20/2006 2:15:00 PM Mountain Time Zone 7/20/2006 1:15:00 PM Pacific Time Zone
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
Guys, I am still holdin my shares, but had eye surgery a couple of days ago, and I'm not worth shooting - would someone mind summarizing the conference call here when it is finished, please?
-------------------- Study before you buy, Sell before you think about it....
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posted
Sherri there isn't much to summarize. Peter spoke about his "vision" and we weren't able to ask questions it was him talking about the future but in vague terms. He didn't give any info other then saying the IPO should be on the Nasdaq in Sept. He seemed very nervous and unprepared for the call.
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
Ouch! Not a professional cc! 1st one...understandable...forgiven I'm sticking with this one for a nice payday down the road. I'm not sure why, because all is vague and unpredictable at this point.. I can wait till Sept and ................IF....we are looking at the Nasdaq.........well good for us!!OH, THIS IS A FANTASTIC BUSINESS TO BE IN....IF...Peter & co. can EXECUTE.........we'll see
posted
I'm sticking also Jimmy Mac. I'm not going to let 10min of a CC by someone who has never done one dictate my position. For me the risk is far outweighed by the possible reward.
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
Wally I'm posting you recap because it's more in depth than mine. Thanks
Posted by: wallymac
He basically gave us the history of why he founded the company. Which was to provide Senior citizen with an avenue to buy affordable prescription drugs so they would not have to take half doses or go without. It sounded like this happened to someone close to him. He talked about his vision for the company, nothing concrete. He made references to deals gone wrong(no details). He did say that the company would be trading on Nasdaq by September, that everything was progress and that he saw nothing that would delay it. But he did talk about unforseen delays at one point. There were no specifics given.
Pretty much the CC in a nut shell. If I missed something please add to it.
GLTA Wally
PS: He also stated the the deal to acquire DLS lapsed but that he still intends to persue it.
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posted
Thanks much. I am in agreement with you guys - the possible reward is great for the short term we have left to wait for indications that it is really going somewhere. Having worked for a PBM/mail order company, the profit margin is HUGE, so he has room to offer the service and still make a lot of money for stockholders....the good point is that with cheaper prices, he would likely pull a higher share of the market (for obvious reasons). Good ideas don't always come to the most outspoken people - if I had a deal like this going, I wouldn't know what to say either.
Thanks again!
-------------------- Study before you buy, Sell before you think about it....
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posted
Ugly??? I was running on the beach this morning and thought I saw ugly with all those fats chicks in one pieces. I come back to see red almost as bad as those cellulite thighs. Hell maybe worse! I am in with 30K * 0.04, anybody else care to share?
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posted
Started off real ugly but we regained a little stability throughout the rest of the day. Hopefully Peter can release some pr's with meat to them to regain credibility here. Holding strong and looking forward to the move to the NAS. GLTA
-------------------- This is not a contest. Let's all make some green. GLTA
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This was my edited post... just an opinion though Just 1 note of interest, the ceo peter, has been a few places. Comptroller, real estate and a few other places, but it doesn't look like anything major. It may be he thinks he can make all this happen but I think his time line is a bit off, inexperience?. Going by the lack of secure info to go by at the moment IMO this could be played as a percent gainer for your portfolio, as they get closer to the date to go private I would not be in this unless they get some good info together. Private shares are worthless if there is not a buyer - and i wouldn't count on the company buying them back. The IPO issue is purely speculative - more like an advertisement and can be restructured at any time. Share elimination program - less shares pps moves easier - who owns the most common shares in the company? pink sheets he can sell any time - no rules.
posted
Posted by: jrdig7 Date:7/24/2006 10:38:58 AM
Just talked to Peter and he was very upbeat. He is going to be putting out a letter to the shareholders, maybe even by tomorrow. I have felt all along that we are in the right place at the right time, and to be honest, that feeling just keeps getting stronger. This Fall will be a Fall to remember. GLTA
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
Here's the WSJ from today's online version... There is also a graph that I couldn't copy that shows when Peter feels the manipulation was occurring. Three other companies (Sedona, NewMarket Tech and Riverbank Investments) were also in the graph.
Street Sleuth 'Not MY Stock': The Latest Way To Fight Shorts By KARA SCANNELL August 2, 2006; Page C1
Some executives are reaching for an odd tactic in an expanding battle against short sellers, who profit when share prices fall.
The executives -- at smaller companies that often don't trade on big exchanges -- are pushing shareholders to lock away their physical stock certificates so the short sellers can't get their hands on the shares.
Stock trading rarely involves the actual exchange of physical stock certificates anymore, because Wall Street trades and tracks most stocks electronically. But in a perhaps quixotic effort, the executives hope they can short-circuit the short sellers by rounding up stock certificates and taking them out of the electronic loop.
Short sellers borrow shares and sell them, hoping the share price will fall, allowing them to profit by replacing the borrowed shares with less costly ones bought later. The activity is legal, and many investors and scholars argue it helps share prices to adjust to changes in a company's outlook.
But a number of executives -- at companies like Fairfax Financial Holdings Ltd., a Canadian insurance company, and Overstock.com Inc., a U.S. Internet company -- argue short sellers are manipulating their shares. They are challenging the shorts with lawsuits, private investigations and publicity campaigns.
Few companies have been able to prove improper trading, but the stock-certificate effort is a sign the battle between short sellers and aggrieved executives is widening. By getting shareholders to take physical possession of their stock, the executives hope, brokers won't be able to lend the shares out to short sellers.
"The problem is shorting has gotten to be so popular that there's no accountability," says Wes Christian, a partner at Christian, Smith & Jewell LLP, a Houston law firm that says it is working for 20 companies -- including Overstock and Sedona Corp. -- against short sellers.
Peter Fiorillo, founder of Rx Processing Corp., a Tampa, Fla., provider of laboratory tests, says he became suspicious about activity in his company's shares in February, when 85,000 Rx shares traded at 0.0001 cent, well below the one cent where it had been trading. He suspected short sellers were involved.
"You see somebody print 0.0001, and you know that they're not real trades," he says. The shares trade as pink sheets, part of an unregulated stock-quote service populated by many small companies, and don't change hands on an exchange like the New York Stock Exchange or Nasdaq.
The following month, he issued a news release recommending shareholders of Rx Processing ask their brokers to deliver physical certificates. "This action limits interbrokerage borrowing and market manipulation," he said in the release.
Company executives complain that some traders sell borrowed shares that don't even exist, a practice known as naked short selling, which is typically illegal. These executives argue that if short sellers can't find stock to borrow and sell, it will be harder for them to short the shares.
Moreover, if fewer shares are in the hands of brokers to lend out, some short sellers might be forced to return borrowed shares, relieving downward pressure on share prices.
James Angel, an associate professor of finance at Georgetown University in Washington, calls the executives' efforts a fruitless attempt to "go back to the early 20th century." Mr. Angel says chief executives blame short sellers, when in fact short sellers are often first to identify companies with problems.
"Much the same as when the hyenas are targeting a pack of zebras," he says, "they're likely going to get the weak ones."
It isn't clear just how many executives are asking shareholders to go with paper. It is even less clear how many are succeeding.
At Rx Processing, fewer than 15 stockholders followed the CEO's advice and requested certificates. That amounted to about 500,000 shares, less than 6% of the nine million shares outstanding. [numbers]
Mr. Fiorillo says he is unlikely to push the effort further. Now, he hopes to leave the murky over-the-counter market by going private, reorganizing and trying for a Nasdaq listing that would bring more market surveillance.
Holding physical shares can be costly. Investors often have to pay a brokerage as much as $25 to receive a paper certificate. The Securities Industry Association, Wall Street's main lobbying group, has tried to get rid of paper certificates for years, estimating it costs the industry more than $250 million.
Most companies involved in the current campaign have risky, thinly traded penny stocks not listed on the NYSE or Nasdaq. These companies often don't meet corporate-governance standards or financial requirements to trade on the big exchanges.
Some of these companies have tried to grab control of their shares by offering stock or cash dividends that require a shareholder to redeem their securities to get a new class of stock or cash dividend.
Riverbank Investment Corp., a small Wilmington, Del., broker, announced a cash dividend last month hoping to "trigger a short-squeeze forcing naked shorting to be covered," it said in a news release. Primeholdings.com Inc., a Salt Lake City holding company for Internet businesses, said last fall it planned to issue a stock dividend for the same reason.
Philip Verges, chief executive of communications company NewMarket Technology Inc. suspected two years ago that naked short sellers drove his company's stock price lower on the OTC Bulletin Board and urged investors to demand stock certificates. "Do not take no for an answer," he wrote in a letter to shareholders.
Yet only a handful of NewMarket shareholders responded, and the company abandoned the effort. "We started thinking it was not going to help," said Rick Lutz, head of investor relations for NewMarket.
The company has applied for a listing on the American Stock Exchange. It is awaiting approval.
Write to Kara Scannell at kara.scannell*wsj.com
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A company "goes private" when it reduces the number of its shareholders to fewer than 300 and is no longer required to file reports with the SEC.
A number of transactions can result in a company going private, including:
Another company or individual makes a tender offer to buy all or most of the company’s publicly held shares;
The company merges with or sells the company’s assets to another company; or
The company can declare a reverse stock split that not only reduces the number of shares but also reduces the number of shareholders. In this type of reverse stock split, the company typically gives shareholders a single new share in exchange for a block—10, 100, or even 1,000 shares—of the old shares. If a shareholder does not have a sufficient number of old shares to exchange for new shares, the company will usually pay the shareholder cash based on the current market price of the company’s stock. While SEC rules don't prevent companies from going private, they do require companies to provide information to shareholders about the transaction that caused the company to go private. The company may have to file a merger proxy statement or a tender offer document with the SEC. In addition, if the transaction is initiated by an affiliate (an insider) of the company, Rule 13e-3 of the Securities Exchange Act of 1934 requires the affiliate to file a Schedule 13E-3 with the SEC.
The filing of a Schedule 13E-3 is also required when affiliated transactions result in a company’s publicly held securities no longer being traded on a national securities exchange or an inter-dealer quotation system, such as Nasdaq.
The Schedule 13E-3 requires a discussion of the purposes of the transaction, any alternatives that the company considered, and whether the transaction is fair to all shareholders. The Schedule also discloses whether and why any of its directors disagreed with the transaction or abstained from voting on the transaction and whether a majority of directors who are not company employees approved the transaction.
Going private transactions require shareholders to make difficult decisions. To protect shareholders, some states have adopted corporate takeover statutes that provide shareholders with dissenter's rights. These statutes provide shareholders the opportunity to sell their shares on the terms offered, to challenge the transaction in court, or to hold on to the shares. Once the transaction is concluded, remaining shareholders may find it very difficult to sell their retained shares because of a limited trading market. (or holding worthless paper)
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
Posted by: Doubledownga Date:8/3/2006 10:28:36 AM
Peter told me yesterday that they are doing a direct public offering, as advised by atty's. Do you know anything about the costs of that.... if there is even any difference??
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posted
Posted by: bliz82 Date:8/3/2006 8:20:06 PM Post #of 5194
More good news!
The WSJ print edition carried the RXPC shorts article on the front page of their Money & Investing page on Wednesday! Nice! My paper always arrives a day late. Maybe a few people checked it out today and thus the 21% rise. Hmmmm. Either way, we're getting more visibility.
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
A "Direct Public Offering" (DPO) is a creative form of financing that is just beginning to be used by entrepreneurs nationwide.
This is a stock offering but one that differs considerably from the well known IPO (initial public offering) or venture capital or other forms of early stage financing. It combines elements of these techniques but adds a dimension that can be very powerful for you. DPOs are often used to secure clients, employees, suppliers or distributors as an added arm for your success while giving you the cash you need to grow. DPOs are registered security offerings with state security administrators. They involve simpler procedures and far less cost than a full registration with the SEC. Essentially, they allow small business equal access to the capital markets that are enjoyed by their big corporate brothers and sisters.
Conventional thinking in terms of business development, in financing, or in marketing, all pay very poor dividends today. Competition is just too tough. The use of a DPO can be the novel approach that gives you the capital you need while simultaneously marketing your product or services. A restaurant that sells stock to its customers is an example of a DPO. A smaller bank that has depositors and borrowers alike that own stock is often a DPO. When people are involved with you economically, an "affinity group," they become your loyal and helping supporters. DPOs have been used successfully for pure start-ups as well as firms that had existed and been privately financed for decades.
Over the last 15 years, Fortune 500 companies have reduced their workforce from 16 million to five million. Over the same time period, small business has added 20 million new jobs. They have done that with less than 1% of publicly traded equity capital, It is obvious that if this creative force had the money, they could propel the economy forward in spectacular fashion. The SEC has developed a hands-off approach for much of small business stock offerings, preferring that regulatory responsibility he principally with the states. As more people learn about and successfully use a DPO, this type of financing could become a favorite for emerging, high-growth American businesses.
DPOs generally fall under three regulatory classifications, Regulation D Section 504 of the Securities Act of 1933 has become the most widely known, called the "Small Corporate Offering Registration" or "SCOR." SCOR allows you to raise up to $1 million every twelve months, by registration with state securities administrations. Next, a Regulation A offering extends that size to $5 million, but also requires a registration with the Small Business Office of the SEC. Finally, intrastate offerings typically have no ceiling. Variations of these three exist as well with even more legal choices, but you'll generally find your needs filled with one of these options. Your attorney or possibly the office of your state security commission can point out advantages and disadvantages, and a free booklet is available from the SEC. Direct Public Offering (DPO) Advantages
* By selling stock, raising equity, you have capital that you never have to pay back, such as a loan. Also, you don't have the continual need to meet interest and principal payments, or worry that a loan may be called back in,
* Typically, you'll surrender a smaller portion of equity for the same amount of capital than required by venture capitalists or even private placements. The difference lies in the stock market, where valuations are usually far higher than in non-public transactions.
* Undergoing this process gives you the experience with investment banking and shareholders long before you conduct an IPO. You'll know just what your stock can sell for and avoid much of the guesswork that goes into marketing a security.
* DPO sales involve extensive publicity campaigns unlike any other financing. This is a perfect opportunity for potential customers to find out about your company and its products. Money used in selling the stock does double-duty, it simultaneously extends your marketing.
* You can typically "test the waters" by making preliminary inquiries and advertising a potential stock sale. You can find out a lot before going through the expense and effort of a full-blown effort.
* The involvement of employees, suppliers, distributors and customers with your company all becomes more intensive and lasting when these people are economically motivated to see you succeed. Help can come in so many unexpected ways when you decide to open your vision and some of your profits to others.
* Equity capital can be magic for opening other financing doors and leveraging your company for years to come, Bank loans can be made on a secure basis when the risk has already been thrown off to investors who can sustain it. Government grants and loans, bond offerings, and even venture capital can be more attainable if you've reduced the risk of investing with you.
* By going these extra steps, both you and your company become seasoned prospects and can take a product or service more extensively into a market. By demonstrating that your stock can be sold and your company has a growing market presence, you show the management characteristics that investment money is looking for.
By successfully becoming a publicly-held company, you'll have a formula for future financing and even new companies. One successful entrepreneur using a DPO has financed more than a dozen. Direct Public Offering (DPO) Disadvantages
With every set of advantages, an equal and opposite set of disadvantages exist as well. DPOs are a lot of hard work, getting a document through state regulators or the SEC is no easy task, and the successful sale of your stock can hardly be presumed. So far, most DPOs have been unsuccessful in achieving all their objectives, and this should be a caution to you. Don't let this fact stop you from fully considering a DPO as your best funding method, but don't write off more conventional methods as well. You may find that a DPO is only one part of a variety of financing techniques that properly fit your own growth cycle at different times.
Millions of dollars have been raised in some DPOs with the investment of just a few thousand dollars. Other entrepreneurs have put in hundreds of thousands and come up with nothing. On the surface this looks like a pure gamble, but it doesn't have to be. Enough experience exists to lay out a template for your success, given that you have a company that really warrants investment.
First, you want to have a company and a stock you're really proud of Does it pass the mother test? Would you want your own mother to buy stock in the company? Now? At this price?
Second, you're asking people who may be friends and neighbors to risk their capital with you. Are you far enough along so they aren't taking unnecessary product development risks that you really should be taking instead?
Third, everything costs money and takes time, usually more than you expected. Are you ready to commit capital and effort to an extensive and complex process that involves a lot of different skills? A DPO runs from soup to nuts, a highly involved document that requires accounting, legal, and business planning skills all the way to marketing and selling stock.
Fourth, can you identify or develop an affinity group who can naturally understand your business and place capital with you? If you haven't figured out just how to sell the issue, you probably won't get it sold.
If you can answer "yes" to all the above, then you're ready to take the first steps to a DPO. These moves should involve more than just yourself. Bring your accountant and your attorney together and lay out what you plan and get their input. They will be intimately involved with your success, and you want them on your side all the way. Next, talk it over with your employees, suppliers and distributors as well. Chances are that you'll get some very good ideas that didn't occur to you before. Contact some investment bankers and ask if they'd be interested in selling your issue. Friends in the media and elsewhere should be informed of your plans since a helpful word dropped by them can prove valuable. Call your state securities commission and ask if they have any suggestions. They may also provide you with a list of some of the companies that have made filings and you could try contacting them to learn of their experience.
The most common form of filing statement for a DPO is known as the "Form U-7" or a "Form 1-A." This consists of a 50 question form that lays out data that eventually becomes an offering statement, a prospectus. The theory had been that a businessman should be able to answer 50 questions and provide enough information for a person to make an intelligent estimate of the stock's attractiveness. Many of the questions will prove "not applicable" but others will take an enormous amount of work and thought. You should not underestimate just how much effort will really go into this. In addition, you'll have filing fees to pay, and eventually a printing bill for the prospectus. Not all the states use the U-7, but all have some variation of the form or an alternative for filing. Experience can be vastly different, from state to state.
-------------------- The difference between genius and stupidity is that genius has its limits
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Take your business--and your quest for funding--directly to the public by selling shares in your company. December 01, 2005
What It Is: Direct public offerings (DPOs) are the direct sale of shares in a company to individual investors. After the shares are sold by the company, investors may or may not trade on a stock market or exchange.
Appropriate for: Direct public offerings work better with established companies, but they can also be used for startup and emerging companies. One of the most important characteristics a company should possess for a successful direct public offering is a strong affinity for its customers, the surrounding community or the industry in which it does business. In a direct public offering, these affinity groups become the company's shareholders.
Supply: Vast. For years, individual investors have heard about the millions, and in some cases billions, of dollars being made by venture capitalists through investments in companies in their formative stages of development. These same investors would like the chance to play venture capitalist, and your DPO may give them that opportunity. (I like this!)
Best Use: Financing the expansion of profitable operations. Direct public offerings can be used to finance research and development, but public investors often become impatient during long periods of product development. When they are unhappy, they can cause problems for the company later as it tries to raise money to finance the marketing and rollout of the product or service.
Cost: Expensive. A direct public offering is less expensive than an initial public offering (IPO) with an investment banker, but only moderately so. The absence of an underwriter's commissions is sometimes more than offset by the marketing expenses a company must bear in a direct public offering. In addition, like a conventional initial public offering, the company must surrender a significant hunk of ownership to its direct public offering investors. (So no underwriters is I understand this correctly)
Ease of Acquisition: Difficult. Any transaction that involves securities is challenging. The absence of an underwriter can make the process at once easier and harder. Easier because the company can call the shots without recrimination. Harder because an underwriter has experience with IPOs, and a company typically does not.
Range of Funds Typically Available: $500,000 and greater.
First Steps A direct public offering is not for the faint of heart. It takes time, money and persistence. Entrepreneur Michael Flynn at Flynn Labs talked to more than 700 potential investors in the course of finishing his DPO. In addition, he spent more than $100,000 in the process. Entrepreneurs must evaluate whether they have the chutzpah to see a DPO through. If you think you do:
Ensure that you have a way to corral your affinity groups. Direct public offerings don't work well without a large group of investors that has some sort of connection with the company, its product or its service. A publishing company, for instance, not only has a large base of customers but also has a lot of information about them and can easily contact them by mail or e-mail, through its own media, or via the telephone. On the other hand, in a somewhat frustrating arrangement, successful restaurants have a steady stream of customers but almost no information on them.
For companies facing this dilemma, salvation depends on whether or there is a way to access rudimentary information about mbers of the affinity group, and, once accessed, whether the affinity is strong enough to make a deal. For instance, a restaurateur can easily purchase the names of people who have dined at fine restaurants. So what? Just because someone has dined at a restaurant doesn't mean he or she has is an affinity for a specific restaurant.
However, there are lots of ways a company can find information about people who would be naturally interested in them. Flynn, for instance, was able to buy the names of people who had purchased homeopathic medicines from list brokers. Other possible scenarios:
1. A pet-care company might fruitfully prospect among the members of PETA, or People for the Ethical Treatment of Animals. 2. An environmental-services company might pitch the members of the Sierra Club. 3. A company making sailboats could send direct mail to the readers of Sail magazine.
# Hire an accountant. If you don't have one, get one. If you do have one, start negotiating for some extra work. To raise money, you need a set of financial statements, period. Internally generated financial statements are helpful, but to bring in outside investors, you must have financial statements prepared by an outsider as well.
Even though many companies have long-standing relationships with accountants, the production of a full set of financial statements, with notes, is often the kind of thing that falls through the cracks. This can be debilitating when you're talking to outside investors.
The beauty of most direct public offerings is that they do not require audited financial statements. If your plan is to start in the lower depths of the market and eventually "graduate" to the Nasdaq stock market or the American or New York Stock Exchange, you will eventually need them anyway.
Finally, owners of startup businesses often think they don't need financial statements. Here's why, in most cases they do. First, if there has been some kind of lump-sum investment either from the founder or some other investor--a strong selling point for meeting with new investors--the financial statements will irrefutably document its existence.
Second, if the founder is forgoing salary he hopes to recapture when the company gets on its feet, the financial statements are the perfect place to document the company's growing liability to its founder. To raise such an issue three or five years down the road and out of the blue might strain relations between a company and its shareholders. Putting items such as forgone salary or loans to the company on the table at the outset can save trouble down the road. And there's no better way to put them on the table than by putting them in a set of financial statements.
By now the message should be clear: Without financial statements, you won't get far along the path to raising money.
Hire an attorney. Securities laws are perhaps the most complicated laws in the land. There are three reasons for this: They are antiquated, they exist at the state and federal level, and they are carried out by perhaps the most tenacious of all bureaucrats.
Even if you decide to take advantage of the many exemptions from state and federal securities laws, you still need an attorney to make sure you are in compliance with these exemptions. And, of course, if you structure your offering so that state and federal securities laws come into play, hiring an attorney is also standard operating procedure.
According to Flynn Labs' owner, "It's important that you seek an attorney with not just experience in securities matters, but with some facility in the direct public offering arena as well."
As for the attorneys, according to Joel Marks, a veteran investment banker, the person you hire should have a minimum experience of five deals. If these offerings are more than five years old, then it makes sense to find another attorney or, if you can afford it, bring in co-counsel, he adds.
In addition to experience, Marks says, look at the firm's Martindale Hubbell ratings. Martindale Hubbell, a publishing firm, produces the most prominent directory of law firms in the United States. Rankings, according to Marks, have a Legal Ability component (A for preeminent, B for very high and C for fair to high) and a General Recommendation component (V for very high, or unrated).
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
FILING FILING FILING show me the FILING!! IMO to move without real info is nuts. IMO to put money into a PK without verifiable facts is reckless. No rules remember? Sounds good to have this business and the target areas to where the poor or disaster type areas are. Okay, so I'm def. on the sidelines....going back to my corner.
Good work on the info Juice!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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posted
Hello board. Been out of pennies for awhile, got tired of being duped by these clowns. Pinksheets share structure for RXPC states-
Outstanding Shares: 67,863,532 as of 2006-06-08 Authorized Shares: 500,000,000 as of 2006-04-01 Float: 12,500,000 as of 2006-04-01
Does someone here have the actual #'s? I'm sure it's in the billions. No way that float number is accurate! 300/400 million float? Thanks in advance.
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quote:Originally posted by SherriT: Does anyone have an idea why this thing suddenly flew up that much???
Thats the eternal question most of us just don't know. Maybe Superman07 will jump in here and say it was a Shakerzz play. But I guess volume doesn't support that theory
-------------------- Rule 1: Always Protect Your Capital Rule 2: Earn slow, Don't lose fast
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posted
Very good idea, J_U_ICE...I'll send you a good pillow so you rest well :-D
No, my first inclination was news I hadn't seen yet, or someone heard an inside tip. It hasn't seen .06 in a very long time....I think the last was shortly after the 30th when they announced they were privatizing...
-------------------- Study before you buy, Sell before you think about it....
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quote:Originally posted by SherriT: Very good idea, J_U_ICE...I'll send you a good pillow so you rest well :-D
No, my first inclination was news I hadn't seen yet, or someone heard an inside tip. It hasn't seen .06 in a very long time....I think the last was shortly after the 30th when they announced they were privatizing...
I'm searching Sherri but this has happened before where it ran fast one day out of the blue
-------------------- The difference between genius and stupidity is that genius has its limits
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quote:Originally posted by SherriT: Very good idea, J_U_ICE...I'll send you a good pillow so you rest well :-D
No, my first inclination was news I hadn't seen yet, or someone heard an inside tip. It hasn't seen .06 in a very long time....I think the last was shortly after the 30th when they announced they were privatizing...
I'm searching Sherri but this has happened before where it ran fast one day out of the blue
The only time it has been at .06 or higher since the 6/30 PR was the HOD on 7/5 though....have seen the quick runs, but that is awfully high to be coincidence (then again, I am still new at this )
-------------------- Study before you buy, Sell before you think about it....
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