posted
cotton, volume slowed today quite a bit. Do you think dilution is over?
-------------------- Flip stocks. Never invest in them. Take your profits. All is my opinion. Do your own DD. Posts: 948 | Registered: Aug 2005
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posted
hey all... just got off the phone with both the product supervisor of the S-Xgen john domerego (also president of seamless internet) as well as the CEO of the entire company, Al Reda.
first, the company does exist and is legit. :-)
al was nice but was definitely holding his cards close to his chest on my questions. he did say "there are no plans for a reverse split". he also said that they had acquired a loan for the financing and launch of the forthcoming S-Xgen and were "most likely" not going to have to rely on pps/dilution. he said current O/S was included in march SEC filing and that they were a 'fully reporting company' (i have yet to see/find the SEC filing... if someone could post a link to it that would be appreciated.) other than that, seemed like a pretty low-key and all-business guy.
as for john, nice, more outspoken and definitely extremely pumped about the S-Xgen. said in his opinion it's the best device of it's type made to date. he said the SX was basically going to act as a mobile office as a laptop would but with the physical size and convenience just slightly bigger than a palm unit. at first they were going to put a flash drive but have since upgraded the original design. it will now include a 20meg hard drive (drive speed undetermined at this point as they're discussing different models). 256K of Ram. will come with Windows CE 5.0 OS and eventually move to Windows XP OS format. will be receiving first pre-market orders in 2 weeks. standard/full size 12" fold-out keyboard (so that the user doesn't have to type with his/her thumbs like a blackberry). smaller size will avoid the travel hassles of the full lap-top security screen at airports. said he has 'all his eggs in one basket with the SXgen and couldn't be more excited".
also, regarding the june 30th PR as noted in the latest shareholder conference call and update... Al couldn't comment on whether or not they would release tomorrow, but he did clarify to me that their hosting/user numbers would be RECEIVED on June 30th. as to whether they release a PR to that end, he could not comment.
that's about it from the notes i took. take it for what you will. do your own DD. have a good day and GLTA,
-------------------- Cashing checks in two forms: Money and Reality
GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
Awesome DD. Thanks for posting! Should I buy, phats?
-------------------- Flip stocks. Never invest in them. Take your profits. All is my opinion. Do your own DD. Posts: 948 | Registered: Aug 2005
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posted
WELK... lol... even if you paid me, i wouldn't tell you to buy or sell. that's all you bud. anyone who tells you to buy or sell... watch out! :-)
as for me... i'm liking its potential, even if that means a 'hold medium-long' for at least a 1 bagger. i've got 400k shares averaging .oo59. thus right now a little down, but willing to take the risk with all the dough i made on xkem. if it goes to .003, i'll take my punches and move on.
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
What's your realistic price target if good news comes? Is .03 possible? Really appreciate it.
-------------------- Flip stocks. Never invest in them. Take your profits. All is my opinion. Do your own DD. Posts: 948 | Registered: Aug 2005
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posted
So cotton, if it wasn't dilution was it naked shorting? How would explain it? Thanks for helping me out here. Hopefully it was naked shorting and price goes up. Should I buy ya think or wait for tomorrow or next week...?....
-------------------- Flip stocks. Never invest in them. Take your profits. All is my opinion. Do your own DD. Posts: 948 | Registered: Aug 2005
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quote:Originally posted by welk: So cotton, if it wasn't dilution was it naked shorting? How would explain it? Thanks for helping me out here. Hopefully it was naked shorting and price goes up. Should I buy ya think or wait for tomorrow or next week...?....
welk, you'll notice a link above i provided in past DD that slwf was REMOVED from the naked short list.
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
hard for me to say. I do think that, going back to my earlier numbers of $595 per unit, 80000 units sold by Christmas= Sales of 47.6 million $. If you assume that they are only taking a 15% profit that equals 7.14 million pure profit. Out standing shares are 231,937,154 divided out equals.3078 per share PROFIT, not including value. HMMMMMMMMMMMMMMMMMM
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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quote:Originally posted by cottonjim: hard for me to say. I do think that, going back to my earlier numbers of $595 per unit, 80000 units sold by Christmas= Sales of 47.6 million $. If you assume that they are only taking a 15% profit that equals 7.14 million pure profit. Out standing shares are 231,937,154 divided out equals.3078 per share PROFIT, not including initial stock value. HMMMMMMMMMMMMMMMMMM
Worth repeating.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
those numbers are good, thanks cotton. even if it's only 1/6th of those numbers, could still make for a 10 bagger with the current pps :-) go baby, go!
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
You guys think this is gonna be a 10 bagger? OK, I got to do some thinkin'. I think I'll just watch and learn this time. Thanks. Take care.
-------------------- Flip stocks. Never invest in them. Take your profits. All is my opinion. Do your own DD. Posts: 948 | Registered: Aug 2005
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quote:Originally posted by welk: You guys think this is gonna be a 10 bagger? OK, I got to do some thinkin'. I think I'll just watch and learn this time. Thanks. Take care.
keep things in perspective welk. just havin' fun. speculation is purely that: speculation. glty,
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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"he said current O/S was included in march SEC filing and that they were a 'fully reporting company' (i have yet to see/find the SEC filing... if someone could post a link to it that would be appreciated.)"
I think he refering to the 10Q where the O/S is stated as :
State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of March 31, 2006, the Issuer had 187,027,154 shares of common stock issued and outstanding.
That maybe where he is getting his March date from, it is form 10 filing received by the SEC on 5/22/06 covering the reporting period up to and including March 31, 2006.
Now the only problem I see with that is the next filing which is an 8K received by the SEC 5/26/06, for period ending 5/24/06:
From the 8K :
On May 23, 2006 the registrants Preferred A shares issued and outstanding were reduced by 4,510 shares to 956,841 these shares were converted to common stock. The registrant's common stock increased to 231,937,154
So, what he said might be true and accurate, but the real question is, " has the company engaged in dilution by increasing the issued and outstanding of common class shares via conversion of preferred to common." The answer he gave you was, "he said current O/S was included in march SEC filing and that they were a 'fully reporting company', could be accurate even if they are converting the preferred to common. Well, kinda / sorta, because the issued and outstanding for both classes of stock is published along with the conversion ratio. So, the question I would ask, is he being fully forthcoming with his statement, or is he intentionally or unintentionally engaging in a bit of a deceptive misleading statement. It could very well be true that the total potentially available common shares has been published and reported via filings, but has the preferred shares decreased at the expense of dilution to the common shares?
I had posted both these filings early along with my suspicians that the company might be diluting the common shares via conversion of the Series A preferred issued and oustanding shares.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
I couldn't find any filings with the SEC either, if someone else can find a link please post.
quote:Originally posted by The Phat Man: hey all... just got off the phone with both the product supervisor of the S-Xgen john domerego (also president of seamless internet) as well as the CEO of the entire company, Al Reda.
first, the company does exist and is legit. :-)
al was nice but was definitely holding his cards close to his chest on my questions. he did say "there are no plans for a reverse split". he also said that they had acquired a loan for the financing and launch of the forthcoming S-Xgen and were "most likely" not going to have to rely on pps/dilution. he said current O/S was included in march SEC filing and that they were a 'fully reporting company' (i have yet to see/find the SEC filing... if someone could post a link to it that would be appreciated.) other than that, seemed like a pretty low-key and all-business guy.
as for john, nice, more outspoken and definitely extremely pumped about the S-Xgen. said in his opinion it's the best device of it's type made to date. he said the SX was basically going to act as a mobile office as a laptop would but with the physical size and convenience just slightly bigger than a palm unit. at first they were going to put a flash drive but have since upgraded the original design. it will now include a 20meg hard drive (drive speed undetermined at this point as they're discussing different models). 256K of Ram. will come with Windows CE 5.0 OS and eventually move to Windows XP OS format. will be receiving first pre-market orders in 2 weeks. standard/full size 12" fold-out keyboard (so that the user doesn't have to type with his/her thumbs like a blackberry). smaller size will avoid the travel hassles of the full lap-top security screen at airports. said he has 'all his eggs in one basket with the SXgen and couldn't be more excited".
also, regarding the june 30th PR as noted in the latest shareholder conference call and update... Al couldn't comment on whether or not they would release tomorrow, but he did clarify to me that their hosting/user numbers would be RECEIVED on June 30th. as to whether they release a PR to that end, he could not comment.
that's about it from the notes i took. take it for what you will. do your own DD. have a good day and GLTA,
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
LOL You guys mised my post,, or don't give it any creedence ?
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by will: LOL You guys mised my post,, or don't give it any creedence ?
will... thanks for the update and info. it's getting hammered right now, and i'll take my punches if it goes much lower (it won't be the first time i've had to do that). that said, i do believe in the product and if i have to hold until christmas sales numbers are out then so be it. might average down and play the pr flip game along the way as well.
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
I'm in it, I just try to be realistic, and try to think how/why it is getting punished so harshly.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by will: I'm in it, I just try to be realistic, and try to think how/why it is getting punished so harshly.
absolutely with ya on the reality of all these plays. do you have current L2 with buy/sells? actually looks like right now might be a good time to get in (MAYBE) for a quick flip at .004. seems to be stabilizing at this point.
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
this one is really running from the low now
.0045 by .0046 looks like a big bounce is coming i think we turn green and go up a decent amount today as the chart looks great and it looks like we have found a bottom just watch the mms they want shares bad they al jump on the bid real quick...this could be a great play today
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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posted
yeah, up 10% -ish from the low... good flip today or if no drop, they did receive their user numbers today and could have a good PR on monday or wednesday stating usership. we'll see.
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
WTF, I just got back into the office and was hoping to have a good day. What's happining with this thing?
Posts: 56 | From: Mays Landing, NJ | Registered: Apr 2006
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posted
If the dilution continues, yes it can go lower. With almost 207M shares traded in three days the dilution might be nearing an end. Last time they converted preferred to common, the stopped at about 50M shares. If this stock traded close to the entire O/S in three days it should have went from .006 to .01, ( at the very least), not to .004. That is why I suspect dilution as opposed to real interest volume.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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