posted
Be cautious, major dilution coming. They also gave the board approval for a R/S. That’s CRAP!!!!!
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
Fantastic product, terrible management. Diluting the people that got you to where you are is not how you run a business.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
DO YOU BELIEVE THIS STATMENT ISSUED BY UDTT.
"The consenting stockholders believe that the Reverse Split will be in the best interest of the Company and its stockholders because the Company believes the Reverse Split will maximize stockholder value. Management believes that the Reverse Split is in the Company's best interest in that it may increase the trading price of its Common Stock. An increase in the price of the Common Stock could, in turn, generate greater investor interest in the Company, thereby enhancing the marketability of the Company's Common Stock to the financial community. The potential increases in the trading price and greater interest from the financial community could ultimately improve the trading liquidity of the Company's common shares."
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
A good statement written by an expercience crook. They should get "scam" award of the year for that one. He really means the board of directors as the only shareholders that will benefit.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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quote:Originally posted by invester: DO YOU BELIEVE THIS STATMENT ISSUED BY UDTT.
"The consenting stockholders believe that the Reverse Split will be in the best interest of the Company and its stockholders because the Company believes the Reverse Split will maximize stockholder value. Management believes that the Reverse Split is in the Company's best interest in that it may increase the trading price of its Common Stock. An increase in the price of the Common Stock could, in turn, generate greater investor interest in the Company, thereby enhancing the marketability of the Company's Common Stock to the financial community. The potential increases in the trading price and greater interest from the financial community could ultimately improve the trading liquidity of the Company's common shares."
OR NOT!!!!! LOL!! what a joke!!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Maximize stock holder value. They approved the R/S at the very same time they approved the A/S increase. That’s issuing shares just to reverse them. That seems fraudulent/Theft. A real shame, as I liked the product.
Posts: 4381 | From: houston | Registered: Mar 2006
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quote:Originally posted by invester: Maximize stock holder value. They approved the R/S at the very same time they approved the A/S increase. That’s issuing shares just to reverse them. That seems fraudulent/Theft. A real shame, as I liked the product.
They should be put in prison for such action. Sometimes I wish more profesional scammers end up like this (it would be best warning for others):
'Say your prayers,' shooter told victims POSTED: 0258 GMT (1058 HKT), February 13, 2007 Story Highlights• NEW: Gunman told victims: 'Say your prayers,' police say • Three slain before gunman took own life over soured business deal • Shootings occurred at Zigzag Net, Inc., at old Philadelphia Navy Yard • Two of the victims were brothers
Adjust font size: PHILADELPHIA, Pennsylvania (AP) -- An investor who killed three people and himself at a marketing company was upset about losing money in a failed real-estate venture and told his victims to "say your prayers" before he opened fire, police said Tuesday.
Vincent Dortch, 44, brought two handguns to an investors meeting Monday that he had organized under the pretense that he had another investor who wanted in on the venture, authorities said.
Minutes after the meeting started, he told the group, "You have a minute or two to say your prayers," police Inspector Joseph Fox said.
Dortch forced one of two other investors to bind four other men with duct tape, then assured the two investors that he did not have a problem with them.
The two investors apparently were allowed to leave the room, and Dortch opened fire, hitting the four bound men, police said. Dortch then said, "I have to finish this job," and shot three of the men again in the head at point-blank range, Fox said.
He may have deliberately spared the fourth man's life, Fox said. The wounded man, Patrick Sweeney, 31, of Maple Shade, New Jersey, was listed in critical conditon.
Sweeney, despite being bound and shot several times, freed his hand enough to splice together wires from a phone Dortch had yanked from the wall, and managed to call 911, Fox said.
Police found a scene of "utter chaos" in the offices of Zigzag Net Inc., Deputy Police Commissioner Richard Ross said. (Watch police work the crime scene )
Police and Dortch exchanged fire, and then he put a gun to his temple and killed himself, Fox said.
Two victims were found on the floor, and another was in a chair, all with "wounds to various parts of the body," Ross said.
Police identified the dead men as Robert Norris, 41, of Newark, Delaware; his brother Mark Norris, 46, of Pilesgrove, New Jersey; and James Reif, 42, of Endicott, New York.
Police said the two surviving investors told them they had talked Dortsch out of driving to New York state, where he planned to shoot another person.
The shootings took place in the offices of a marketing company, Zigzag Net Inc., located in the former Philadelphia Navy Yard.
Mark Norris was president and chief executive of Zigzag. Sweeney is Zigzag's human resources manager. Dortch's dispute involved an apparent start-up company called Watson International. Police said the dead men were executives in the start-up.
Watson International had been seeking investors to turn a former IBM conference center in Binghamton, New York, into "a world-class entertainment and banquet facility," according to its Web site. A phone number listed on the Web site was disconnected.
Dortch claimed he and the two other investors at the meeting had lost money on the venture, perhaps as much as $500,000 combined, police said.
Fox said investigators had not yet determined if that was true.
The Web site lists Robert Norris as vice president of business development. His wife, Patricia, on Tuesday declined to answer questions about the meeting or comment on the shootings.
Mark Norris and Robert Norris are brothers, said Aaron Haydn McLean, Zigzag's senior art director. Reif was also affiliated with Watson International, McLean said.
Zigzag has about 15 employees, said McLean, who has worked there for about five years.
The old Philadelphia Navy Yard was one of the Navy's busiest shipbuilders during World War II but closed in 1995.
Two years later, a private company, Kvaerner, resumed commercial shipbuilding in a portion of the shipyard, which is now known as Aker Shipyard. Other areas of the Navy facility have been converted to business and office use.
Posts: 287 | From: prague | Registered: Jan 2006
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posted
if these guys should be put in prison then all the others would have to follow them and i mean ALL it it just the same thing with the big board companies, only that the rules are a little bit different and the crooks wear better suits that´s all... but basically the whole stockmarket is ONE BIG SCAM! and the whole racket is protected by the SEC not to mention that most of the money flowing into the stockmarket is illegal money!!( drug money, illegal weapon-deals, mob-money etc..) so it is one big money laundering-machine instead of whining about how bad these crooks are you should realize that you are participating in one big fraud that said, you should think about a way how you can skim out some money for you in this big game of crooks trusting a CEO or anything they say is definitely not one of them don´t get me wrong, i feel sorry for anybody who got caught up in this and is losing money now, this actually used to be a good play for a short while... but you can see people whining and complaining about their bad luck all over the boards, this CEO should go to jail ,and that CEO as well... did you ever hear about any jailtime for these guys? hardly ever... time to learn the lesson and get a grip on reality you can make good money in the stockmarket but nobody said it´s easy learn TA, be fast with your buys and sells and don´t trust anybody, EVER !
Posts: 2473 | Registered: May 2006
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posted
I wouldn’t say the whole stock market is all bad. The stock market is a good business tool when used as it was intended. Some companies have a good product and share the profits in dividend to shareholders. Let’s say a startup company has a good ideal, but not enough cash to fund the project. As an investor, you and others buy in through new issued shares and now they have the funds to continue. They become successful, the stock goes up, they pay dividend as your reward and everyone is happy. There’s other startups that really try hard to do the right thing, but things don’t work out, so they just go under.
It’s the scam companies with the crooked CEO’s that give the stock market a bad name. These are the ones with the fancy misleading PR’s that dilute like crazy and then R/S and repeat the cycle over and over again when they never had a real product in the first place. There’s some that only dilute once take the money then disappears so they can’t be tracked.
Maybe there should be a limit on how many authorized shares a company can register. About 1 billion max should be enough or even less based on the company’s assets. I don’t think there is a limit now.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Issuing multiple press releases to dilute there shares. I sure hope people don't buy into to this POS.
Posts: 4381 | From: houston | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Take the profit while you can. They are diluting into this, and have already agreed to a R/S.
Posts: 4381 | From: houston | Registered: Mar 2006
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quote:Originally posted by Fuzzy1018: doesn't look like dilution to me
"Doesn’t look like dilution to me"
They just filed an s-8. They also upped the authorized share count to 20 billion. You have to be kidding me.
Posts: 4381 | From: houston | Registered: Mar 2006
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This run is designed to trap investors for the coming dilution. Take your profit and wait for about 4 monts when the dilution and R/S are done, you can get a better bargain then.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
At 20B you would be waiting a long time for dilution to end. They could do a little at a time and stretch it over years. Diluting a whopping 800M a month would stretch 2 years. There would probably be lots of runs before then.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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