gotta give it to the guy - he can make years and years of failure sound like success is right around the corner. Problem is, he has been doing this for years now - the fact that NO ONE had any questions, from the investment community, like Zacks etc., indicates that they have stopped buying his BS. Who knows. But, I think he has almost used up 9 lives and I just don't see how they can make it much longer with nothing/no one signed up for MAJOR purchase orders. Just don't see it anymore.
Period Ended Expected Filing Date
10K December 31, 2013 May 28, 2014
10Q March 31, 2014 June 16, 2014
maybe we will see something this week on both outstanding filings - the volume will let us know.
So far it seems today will not be the day...
who knows. Hasn't been any "insider" selling either - my hunch anyway.
If there were the volume would be in the millions for days. Closest we've gotten to that is a few hundred thousand shares per day a couple of days a few weeks ago. I am still holding all of my shares - not happy right now about what is going on either. I don't think the "poop" test posted a few days back is anything to worry about either.
you make a good point. Pentax jumping ship is not a good thing and DOES NOT bode well at all for the credibility of the product. Might be time to lighten the load on this turd...
very unfortunate. very.
same old same old - minus a contract and a dent in the credibility of the product. Not good news at all no matter how it is painted. This is distressing and might be time to start unloading this POS. I am truly disappointed - once again.
no I did not. And from the update I am glad I did not. I will try to seek some shares in the next few days if I can.
Last time I spoke with him was late winter maybe - and he lead me to believe (once again) that everything was on track and looking good. The activity right now, leading into the next CC, is not reassuring. Wish I knew more. Then again maybe not.
Put an order in earlier, to sell 50,000 at .035. Did not fill - day only.
We'll see if they can offer some positive news to the pile of dung they just dumped. I doubt it though, at this point.
I tried to remain positive in the past year - with a couple of conversations with MO - yet anything he said, now it seems was not completely forthright. PENTAX bailing on us of course, is not good. IT WAS OUR ONLY REVENUE STREAM. Minimal, but a stream. That is gone - and we are years away from a
looking good. I have been a "cheerleader" in the past and every other type of shareholder with this company for many years now. Right now - even with the cc behind us things seem to be worse than they have been ever. Our one contract drops us. No explanation from our CEO. Was it maybe that we did not have the product to deliver ? I wonder. Major dilution coming on top of already major dilution. 2 years at the earliest before we MAYBE have any sales at all. That I and afraid, will be much too late. We have NO credibility left. Not that MO brought any of that with him.
HE actually sounded surprised in the CC when asked if there were any questions, and there were none. I think he realized at that point that he is a dead man walking. The few that he were interested, are no longer interested. Once you lose a "client" it is near impossible to get them back. The CC gave nothing to entice any present or new investors, and one can tell by todays unfortunate turn south and much heavier than usual volume, that the smaller investors are bailing.
The idea/concept seems a no brainer, but decades have passed and there is nothing to show for it other than a shell. An empty one at that. Good luck to those of you that have hung in there and might continue to do so. I am beyond tweaked at this point. Mostly though, MO - as many like him - has misled the investment community and private investors such as myself.
Proposal No. 1: Election of Directors. By the vote described below, the stockholders elected the following individuals as directors to serve until the next annual meeting of shareholders or until such time as their successors are elected and qualified:
Director For Against Broker Non-Votes
Michael Oliver 70,895,942 1,513,031 63,593,543
MarkMcWilliams 70,765,032 1,643,941 63,593,543
Sheldon Miller 70,217,948 2,191,025 63,593,543
Stanley Pappelbaum 71,719,677 689,296 63,593,543
Chester E. Seivert 71,203,891 1,205,082 63,593,543
Duwaine Townsen 70,074,358 2,329,615 63,593,543
Proposal No. 2:Amend the Company's Amended and Restated Articles of Incorporation to increase the number of authorized shares of capital stock from 325,000,000 to 750,000,000, consisting of an increase in authorized shares of common stock from 275,000,000 to 700,000,000:
it closed up 20% just under .03. Sad state of affairs for sure...
(oops) any actual product sales it seems. At this point I see NO way they can stay afloat. Also, whatever MO has to see will fall on my deaf ears. I am done "listening" to him. Actions always speak louder than words. I have heard way too many words from him. Again Pentax bailing on us changes everything.
Period Ending Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013
Total Revenue - - 60 60
Cost of Revenue - (6) 15 37
Gross Profit - 6 45 23
Research Development 276 258 204 59
Selling General and Administrative 434 609 474 408
Non Recurring - - - -
Others - - - -
Total Operating Expenses - - - -
Operating Income or Loss (710) (862) (633) (444)
Income from Continuing Operations
Total Other Income/Expenses Net (344) (2,290) 1,086 701
Earnings Before Interest And Taxes (1,054) (3,151) 210 257
Interest Expense 117 99 93 79
Income Before Tax (1,170) (3,250) 117 177
Income Tax Expense - - - -
Minority Interest - - - -
Net Income From Continuing Ops (1,170) (3,250) 360 177
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income (1,170) (3,250) 360 177
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares (1,170) (3,250) 360 177