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Author Topic: BLLD (.035) - Falling Fast, Possible Bounce Play soon
edgewise
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Hey everyone, BLLD released some news earlier in the day that looked kinda bad, but not as bad as I think it should have been to cause such a fall in price.

Right now, it's at .033x.035 and it's RSI is just above 16.
It's 52-week high is $1.55, and it's hitting new 52-week lows everyday for the past few weeks.

Today's volume is huge, about 50-times the 20-day avg.


For anyone with more knowledge about looking at these bounce-plays, and analyzing what their PR said today (Bulldog Technologies Executes Amendment to February 2006 Convertible Note), then let us know so we have an idea for what to keep our eye on.

If thing does bounce anywhere near how much it's fallen in the past few weeks, this thing is a multi-bagger in the waiting.

--------------------
Hindsight is 20:1.
It's like printing money.

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Repoman75
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This is the problem:

On August 24, 2006, the Company believed that a cash repayment of the principal payment due would not be in the best interest of the Company with respect of continuing operations. As a result, the Company was in default of the terms of the Notes. Rather than placing the Company in default of the Notes, the Note Holders agreed to restructure the terms of the Notes.

In connection with the Amendment, the Company will issue to the Note Holders a total of 4,480,000 shares of the Company's registered common stock in satisfaction of the August 24, 2006 principal payment. In addition, the Company will adjust the conversion price of both the Notes and the August 2005 Convertible Notes (the "August Notes") to a price equal to the lesser of (i) $0.05 per share or (ii) 75% of the average of the VWAP for each of the ten (10) trading days immediately prior to the applicable conversion date or principal repayment date.

--------------------
Stick with Repo's plan in '07 - FRPT/DKAM!

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edgewise
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ok, so that explains the massive peak in the volume that occured in the morning, as well as the really quick drop...

from here, though, do you think it has potential to make some gains, or is this one safe to say that it'll be a POS for awhile until they get all their financing straightened out?

--------------------
Hindsight is 20:1.
It's like printing money.

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Repoman75
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My guess? POS. They are diluting because they have no cash, AND restructured strike prices that are NOT in their favor.

--------------------
Stick with Repo's plan in '07 - FRPT/DKAM!

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edgewise
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good to know.
thanks for your input.

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Hindsight is 20:1.
It's like printing money.

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Schwabie
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Good work Repo...

--------------------
All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

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jordanm
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Only 4 million dilution ? 4 mill is less than 10% dilution to warrant a 50% fall. Or is there more dilution coming ?

--------------------
JMHO. Do your DD. GLTA.

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edgewise
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the way i read things, it looks like the company doesn't have any cash to pay for anything, and a lot of their loans are coming due, so they're forced into some dilution to take care of it all in the short run..

now, i also read somewhere else with them that some of their products are supposed to making their debuts, or their prototypes will be coming into effect in the first few weeks of september, which could produce some good news, and maybe even revenues for the company, which could be very good for the price..

but i don't know. as far as i'm concerned, it's a good one to keep an eye on for any future news. anything good, and a lot of people will jump on it for the bargain that it is.

anyone else out there that knows more about this company, please correct my opinions if they're off-base. thanks.

--------------------
Hindsight is 20:1.
It's like printing money.

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EverGreen
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this complete the information on the dilution going on

On February 24, 2006, the Company entered into an agreement with ten (10) investors (the "Note Holders") to sell an aggregate of $2,000,000 of the Notes which entitled the Note Holders to convert all or any part of the principal outstanding under the Notes into the Company's common stock at $1.00 per share, subject to adjustment according to the terms of the Notes agreement. The total principal of $2,000,000 is to be repaid in 14 monthly instalments of approximately $143,000 per month commencing on June 24, 2006. These repayments may be payable in cash or in shares of common stock at the market price, as further defined in the Notes agreement. All principal and interest on the February 2006 Notes shall be due on August 24, 2007. The Company paid the June 24, 2006 and July 24, 2006 principal instalments in cash. On August 24, 2006, the Company believed that a cash repayment of the principal payment due would not be in the best interest of the Company with respect of continuing operations. As a result, the Company was in default of the terms of the Notes. Rather than placing the Company in default of the Notes, the Note Holders agreed to restructure the terms of the Notes.

In connection with the Amendment, the Company will issue to the Note Holders a total of 4,480,000 shares of the Company's registered common stock in satisfaction of the August 24, 2006 principal payment. In addition, the Company will adjust the conversion price of both the Notes and the August 2005 Convertible Notes (the "August Notes") to a price equal to the lesser of (i) $0.05 per share or (ii) 75% of the average of the VWAP for each of the ten (10) trading days immediately prior to the applicable conversion date or principal repayment date.

$143000/4480000 = 0.032 so CD holder can sell until this price and make a profit anyway

next month the conversion price will be +- .024-026 (75% of actual price) - so he will receive +- 5750000

and so on ... = dilution limited only by AS (100m) - they can stop only paying cash (!)

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edgewise
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well, it's up 17.5% for the day so far..
guess it goes to show that even the biggest pos's can benefit the risk-averse.

but i'll try to stick to things that have more good news than bad news. and not dwell on these ugly companies.

--------------------
Hindsight is 20:1.
It's like printing money.

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edgewise
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holy crap.

.048x.050

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Hindsight is 20:1.
It's like printing money.

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edgewise
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.06x.064

--------------------
Hindsight is 20:1.
It's like printing money.

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edgewise
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.072x.075

(this is just for my own sake now of taking note of how good this stock turned around. i am in no means saying that this is a good stock to buy right now.)

--------------------
Hindsight is 20:1.
It's like printing money.

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juice
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wow was going to buy this yesterday but put more into ECCI instead LOL woooops
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juice
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did i just see .085x.088 LOL wow holy crap!!!
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edgewise
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.085x.088

lol.. this thread isn't even gonna belong in this board much longer possibly..

it's great to see this one move.. maybe i'll actually be smart enough to get in on the next one i get the same feeling about.

--------------------
Hindsight is 20:1.
It's like printing money.

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juice
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double digits on the way mannnn what a big bounce
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edgewise
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.090x.093

effin' intuition..
shoulda gone for it.

i'll just hope that EXBY ends up doing the same thing. i'm starting to think it can, if it would just get a nice recovery started today.

--------------------
Hindsight is 20:1.
It's like printing money.

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juice
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same here edge, im in exby now lol we'll see GL to ya!
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edgewise
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.0105x.0109

crap, it's almost off this board.

and to think i was thinking of buying at .0033 just 2 days ago.

--------------------
Hindsight is 20:1.
It's like printing money.

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edgewise
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so it peaked at .0115.

hell of a run.

--------------------
Hindsight is 20:1.
It's like printing money.

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edgewise
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resurgence.
hit .06, and is running back up again.

damn.

--------------------
Hindsight is 20:1.
It's like printing money.

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edgewise
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and here's why:


Thursday, August 31 2006 12:22 PM, EST

Government of Costa Rica Approves Bulldog RoadBOSS(TM) GTS for Use in Cargo Security and Customs Tracking System
Business Editors / Technology Editors

RICHMOND, British Columbia--(BUSINESS WIRE)--Aug. 31, 2006-- Bulldog Technologies Inc. (OTC.BB: BLLD), a provider of wireless solutions and sensor networks to monitor, track and secure assets for cargo and global supply chain security, today announced that the Costa Rican government has formally approved the patented RoadBOSS(TM) GTS system for use in monitoring and enforcement in the country's mandatory and legislated Tecnologia de Informacion Para el Control Aduanero ("TICA") customs program. The TICA Commission recently inaugurated its Security Control Center where all affected shipments are tracked and monitored for security and tariff compliance. The RoadBOSS(TM) GTS, if purchased, would be attached to incoming containers and redistributed land shipments of cargo traveling throughout the Costa Rican territory.

The RoadBOSS(TM) GTS is a patented electronic cargo-container security device that attaches to the locking rods spanning the doors of each container or truck trailer. Powered by a military specification energy cell, the unit uses Satellite GPS, Cellular and Internet technology to report the status of its container to PC-based customer tracking centers. Using Bulldog-supplied software, the customer employs adjustable parameters to locate, track, manage and recover both valuable cargo and the container units themselves. Primary uses are loss prevention, asset management, financial tracking and asset recovery. Overriding capabilities include confirmation of security status of container and contents.

Mr. Sam Raich, Bulldog Channel Manager for Latin America commented today: "We believe that Central and South American governments and industry are concerned about issues of security and of proper tracking of cargo for customs purposes. The Costa Rican government is instituting what we believe could be a universal control mechanism for cargo security and financial tracking in the region. This is an important achievement for Bulldog which could lead to potential orders in this new territory in Latin America."

Mr. Paul G. Harrington, President and Chief Executive Officer, stated, "With this legislation, we believe that the government of Costa Rica has taken a significant step in the process of securing containerized cargo shipments traveling across its borders and through its territory. We are extremely pleased that Bulldog's technology was able to meet the high standards set forth by the certification process. As a certified supplier for global tracking seals to the Costa Rican government, we look forward to working closely with agencies in that country to fulfill the immediate need for what we believe to be a world class technology solution "

About Bulldog Technologies

Bulldog Technologies designs, develops, and manufactures its patented and FCC-certified wireless Online Security Solutions (BOSS(TM)) for supply-chain and other security and asset protection business applications. With an estimated $6 billion in reported cargo theft annually, Bulldog's BOSS(TM) products are designed to increase supply chain operational efficiency, security, and reduce and deter overall losses. The Company also has the ability to offer substantial assistance to corporations, governments and law enforcement agencies in maintaining the integrity and traceability of cargo and containers as they enter or exit sovereign territory, are processed and re-distributed to final destinations. For further details on the Company and its products, please visit the Company's website at http://www.bulldog-tech.com.

Bulldog Technologies believes that this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties. Such statements are based on management's current expectations and are subject to facts that could cause results to differ materially from the forward-looking statements. For further information you are encouraged to review Bulldog's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB for the period ended August 31, 2005, and Quarterly Reports on Form 10-QSB for the periods ended November 30, 2005, February 28, 2006 and May 31, 2006. The Company assumes no obligation to update the information contained in this press release.

KEYWORD: NORTH AMERICA CENTRAL AMERICA NEW YORK UNITED STATES CANADA COSTA RICA INDUSTRY KEYWORD: TECHNOLOGY HARDWARE INTERNET NETWORKS SOFTWARE TELECOMMUNICATIONS TRANSPORT AIR SOURCE: Bulldog Technologies Inc.

CONTACT INFORMATION: Bulldog Technologies Inc. Paul G. Harrington, 604-271-8656 President & CEO http://www.bulldog-tech.com

--------------------
Hindsight is 20:1.
It's like printing money.

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edgewise
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could very well hit .115 again.

--------------------
Hindsight is 20:1.
It's like printing money.

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edgewise
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tried to get filled at .075, but it ran right by and didn't pick me up for the ride.

--------------------
Hindsight is 20:1.
It's like printing money.

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edgewise
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lol.. looks like it came back for me..


oh well, another nice run for this stock from .053 bottom today to a .098 top.

--------------------
Hindsight is 20:1.
It's like printing money.

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atleast
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Bulldog Technologies Inc. (OTC.BB: BLLD), a provider of
wireless solutions and sensor networks to monitor, track and secure
assets for cargo and global supply chain security, today announced
that the Costa Rican government has formally approved the patented
RoadBOSS(TM) GTS system for use in monitoring and enforcement in the
country's mandatory and legislated Tecnologia de Informacion Para el
Control Aduanero ("TICA") customs program. The TICA Commission
recently inaugurated its Security Control Center where all affected
shipments are tracked and monitored for security and tariff
compliance. The RoadBOSS(TM) GTS, if purchased, would be attached to
incoming containers and redistributed land shipments of cargo
traveling throughout the Costa Rican territory.
The RoadBOSS(TM) GTS is a patented electronic cargo-container
security device that attaches to the locking rods spanning the doors
of each container or truck trailer. Powered by a military
specification energy cell, the unit uses Satellite GPS, Cellular and
Internet technology to report the status of its container to PC-based
customer tracking centers. Using Bulldog-supplied software, the
customer employs adjustable parameters to locate, track, manage and
recover both valuable cargo and the container units themselves.
Primary uses are loss prevention, asset management, financial tracking
and asset recovery. Overriding capabilities include confirmation of
security status of container and contents.
Mr. Sam Raich, Bulldog Channel Manager for Latin America commented
today: "We believe that Central and South American governments and
industry are concerned about issues of security and of proper tracking
of cargo for customs purposes. The Costa Rican government is
instituting what we believe could be a universal control mechanism for
cargo security and financial tracking in the region. This is an
important achievement for Bulldog which could lead to potential orders
in this new territory in Latin America."
Mr. Paul G. Harrington, President and Chief Executive Officer,
stated, "With this legislation, we believe that the government of
Costa Rica has taken a significant step in the process of securing
containerized cargo shipments traveling across its borders and through
its territory. We are extremely pleased that Bulldog's technology was
able to meet the high standards set forth by the certification
process. As a certified supplier for global tracking seals to the
Costa Rican government, we look forward to working closely with
agencies in that country to fulfill the immediate need for what we
believe to be a world class technology solution "

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stockonyou
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Looks like a lot of people miss the second ride. These recent news will give BLLD an impulse over the 15 cents easyly. Good acummulation for the second day in a row.
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edgewise
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goodness, this thing is full of life.
i had to go to class earlier in the day, so i missed commentating this run.. another easy 25% run intraday.

wouldn't it be swell if all stocks were this active, and they could really be predicted and followed that way?

--------------------
Hindsight is 20:1.
It's like printing money.

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maddie19
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hi - I am new to this message board (lurking for a couple weeks though!) I am in BLLD and just abt sold today. Still holding and hoping to see the teens tomorrow ....
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stockonyou
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have to have guts to hold here, is gonna fly but always low float works like this. Add little more.
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stockonyou
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in addition of a long weekend must of day traders are resting now, me too. till Tuesday.
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stockonyou
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I almost forget this one. Be alert, some interest soon on BLLD could rise to the teens again, acumulation increased enough for a spike.
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maddie19
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I am ready to see it go..still holding
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stockonyou
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could be a good entry point now, will be adding more.
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