-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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posted
Well, I think that is it. We are f*#%*#$%*g doooooomm! After 5 f$%^%g years trusting in this pair of pinches pelones.
Posts: 142 | Registered: Jul 2006
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quote:Originally posted by FARIMI: Well, I think that is it. We are f*#%*#$%*g doooooomm! After 5 f$%^%g years trusting in this pair of pinches pelones.
When we had that little Q&A session with the CEO, he basically said he didn't care about the shareholders. After sitting throw the Q&A, he said whatever was best for the company about a possible R/S. Time to bail was back then.
Hopefully you guys get a small pop after the R/S.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
What to make of this: (will pps go up to 2 USD ???)
Effective November 13, 2006, Digital Descriptor Systems, Inc. (the "Company") granted to each of Anthony Shupin, its President and Chief Executive Officer and Michael Pellegrino, its Chief Financial Officer, 10,000 shares of newly created Series A Preferred Stock ("A Preferred") as recognition for services.
The shares vest in five equal monthly installments commencing November 1, 2007. Each share of A Preferred is convertible into 240,000 shares of common stock of the Company starting three years from the date of issuance, provided that the closing bid price of the Company's common stock is then $2.00 per share. The shares of A Preferred may be voted with the Company's common stock on an as converted basis on any matters that the common stock is entitled to vote on as a class.
Unconverted shares of A Preferred will automatically cease to exist, and all rights associated therewith will be terminated upon the earlier of (i) that person's termination of employment with the Company for any reason, or (ii) five years from the date of issuance.
The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, which contemplates continuation of the Company as a going concern. The Company has sustained operating losses and has accumulated large deficits for the Nine Months ended September 30, 2006 and 2005. These factors raise substantial doubt about its ability to continue as a going concern.
Management has formulated and is in the process of implementing its business plan intended to develop steady revenues and income, as well as reducing expenses in the areas of operations. This plan includes the following management objectives:
· Soliciting new customers in the U.S. · Expanding sales in the international market · Expanding sales through E-commerce · Adding new distributor both in the U.S and internationally · The introduction of new products into the market · Seeking out possible merger candidates
Presently, the Company cannot ascertain the eventual success of management’s plan with any degree of certainty. The accompanying consolidated financial statements do not include any adjustments that might result from the eventual outcome of the risks and uncertainties described above.
Posts: 801 | Registered: Nov 2005
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IMO with the preferred stock thing and the fact they each have 2.4 billion shares, there could be a buy out on the horizon ...
Posts: 801 | Registered: Nov 2005
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I sold my 1,250,000 today at .0001.I figured I better get $125.00 back instead of nothing. It'll probably go up now.
Posts: 712 | Registered: Mar 2006
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I use choicetrade so brokerage fees are only $5.00. I am trying to get to that point of not having to work but no matter how much research I do my stocks seem to go down as soon as I buy them. My portfolio is down about 60% but I guess all it takes is to hit 1 or 2 big ones to change it all around. Oh well maybe someday. I held on to DDSI since last spring and it hasn't really done much so I said screw it and sold what I had.
Posts: 712 | Registered: Mar 2006
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posted
If I sold I would get less then $18.00 back. LOL. I'm going to leave it alone and if I lose the rest oh well. There must be greener pastures elsewhere.
Posts: 482 | From: NJ | Registered: Apr 2006
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posted
Sooo!! What is the big deal now? why so much excitment! is the R/S been not approved or what? is the only thing I would be excited!
Posts: 142 | Registered: Jul 2006
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posted
Guys, I'm getting pretty excited about the 10Q - here's why:
They reported on time. They were eager to get it out. They paid themselves in stock right before releasing the news They are putting out a big PR about the 10q. That's a new tactic. They wouldn't do that imho if it was a bad 10q.
This could be huge imho
-------------------- You can't afford to risk, what you can't afford to loose. Posts: 2422 | From: dc | Registered: Jun 2005
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How are they gonna make a big PR about the 10Q ? You have read the 10Q ... there is nothing in it that's significant.
Hope I'm wrong and that I missed something
However I agree for the other things; the fact they paid themselves in stock ... and the preferred shares thingy ... they cannot convert below 2 USD (If I've read it right)
Posts: 801 | Registered: Nov 2005
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O/S as of 10/31/06 = 9.57 Billion O/S on 5/10/06 = 7.87 Billion
Increase of 1.7 Billions Shares.
Net loss increase by $2.2 million
They do have $50,000 more cash though. Maybe from the sale of 1.7 Billion shares.
I am a former share holder. I do feel bad for those that are in though. Review the filings, look for the DEF 14A and look at item #3. "3. To approve an amendment to the Company's Articles of Incorporation, as amended, to effect a one for five hundred reverse stock split;".
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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quote:Originally posted by JIF: Profit for this year doubled from last year. That's huge.
Gross profit doubled, true.
Net loss was 1.3 million dollars more than last year. That's huge, in the wrong direction though.
I do hope it pops so you guys can get out before the R/S. Damn pinksheets.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
I got filled at 0.0001 for 10 million shares
last time I checked there was a restriction (beginning of this week) so I believe they are not restricted anymore ... so that's a good thing
Posts: 801 | Registered: Nov 2005
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1. Tony and I were rewarded preferred shares which are convertible into common shares only if our share price reaches $2.00 a share
2. As for our belief as to where the share price will be in two years, we would love for it to be $2.00 but we can't predict what it will be though we will both be trying our hardest to get the company to that point for the good of all shareholders.
Posts: 801 | Registered: Nov 2005
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