posted
who knows, maybe AMEX will soon follow the BB. This company may finally have its act together, especially if they corner the jewel caes market and start selling those CD's the were talking about.
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mlxo should run soon enough...this is a great opp. the company has significant revenues coming back in and looks to be on its way again...
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someone's playing with this stock. there is no reason for it to be falling. it was double the price a few month back when the company looked like its futre was over. go figure...
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the reason we are where we are is liquidity..the float on this is very small. 28mil is the registered float which is tiny. take that and subtract about 15mil that is held tight...if you look at the way this trades you would see the struggle. There isn't much buying yet...Last week 800k shares were registered to sell by an old ir firm...they got restricted stock and the restriction fell off. That is where vfin comes into play. mm's are trying to get a inventory of shares. they aren't dropping this to much but aren't raising it up either. once the first 10k is filed this will start moving up. This stock will blow peoples mind...
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no this the company is solid and management is excellent...this guy could have taken the easy road and screwed all the shareholders..instead he worked things out with the banks got new non dillutive financing and has operations up and running. now they are looking to get off the pink sheets...all of this was done with out screwing the shareholders..if people want to over look this stock at .05 that's great let them pay .15 or .50 or a dollar cause this will be there in a month..mark this post this stock will be one dollar at least in a month....why wouldn't they...they were over a dollar when they were on the otc...give it time.
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posted
Came off the beach long enough to check up on how thing are going. No movement yet eh? I'm surprised. It'll happen soon. I am confident on my bet that the filings will be good to us.
Back to the beach for the weekend. I'll be home and posting regular again on Monday.
See ya,
The Bigfoot
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posted
Just a reminder of what we are waiting to hear about:
quote: Thomas Gramuglia, Executive Producer and owner of Bop Talk Music, his publishing company, will focus on putting out new recordings on CD compiled from their vast catalog of unreleased masters. Revenues from this plan are projected to increase sales by $500,000.00 for the year 2007.
The Company recently learned that one of its major competitors on the plastics side has closed their doors and gone out of business. This puts the Company in an excellent position in the industry because there will be a need to fill an immediate void in the industry to the tune of over 100,000,000 CD jewel boxes, cassette boxes and DVD boxes -- all items that are currently being manufactured by Michelex Corp. in the USA.
The Company announced that it has completed the second and final part of refinancing to eliminate its obligation with Wells Fargo. The Company, through a deal signed with Utica Leaseco, LLC and Ihop Leasing, LLC d/b/a Omega Leasing, LLC, has paid $1,150,000.00 to Wells Fargo. Wells Fargo has agreed to give the Company until December 24, 2006 to pay the remaining $250,000.00 thus resulting in a total savings to the Company of $703,519.67.
The Company stated its arrangement with Utica Leasco that took out Wells Fargo for $1.2 million was debt financing. This traditional financing was a sale/leaseback of its equipment amortized over five (5) years with an option to purchase at the end of the lease.
The Company is in process of working to complete their audited financials by mid-September and the filings of the 2QSB's, the 10KSB and the SB-2's will all be filed simultaneously to enable it to have a 15(c)(2)(11) filed to quote its common stock on the OTC Bulletin Board. get it re-listed on the OTCBB.
The Company reported that production in New York was running smoothly and sales are steadily increasing. It is still in negotiations with Sagoma Plastics with regard to the potential merger of the two companies.
GLTA
Bigfoot
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The hemoraging seems to have stopped with exactly 100k shares traded. If that holds true it says to me that someone with a large position decided to exit. We shall see as the day goes on.
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