I will start with ATYG. the company was at no bi
Post# of 1230
Posted On: 02/12/2014 11:57:04 AM
I will start with ATYG. the company was at no bid 3 days ago. currently trading with at .0001/1 billion, .0002/200 million.
the company was aquired by CEO Jim Albion a couple years ago. Jim diluted the company to no bid. He was new to publicly traded companies. I spoke to Jim and he mentioned that yes he did in fact run it into the ground, and that he had learned a lot from the experience. He also stated that he was attempting to get the share structure under control, and that the last thing he wanted was an r/s.
they started a share buyback program last year, and retired almost a billion shares, the buy back was suspended by the company because funding dried up. they were proposing a new business model to the franchisees and they rebelled refusing to pay franchise fees. (there were only 3 franchisees at the time). According to Jim, this issue has been resolved. The company has recently announced renewed efforts to lower the o/s. with resumption of the share buy back program. and they are attempting to cut the o/s in half. yesterday's trading saw a 500 million share buy pre market at .0001. we dont know yet if that was the company, of some market makers or groups front loading. Jim also announced the startup of a new subsidiary, related to the racing limo's theme. with more news to be announced by valentines day.
I did some research on our CEO himself, just to get a feel for him. seems he is a philanthropist. he donated to a school in New England in 2009. the amount is not released, i could find no negitive reports on him anywhere. other than iflub that is lol. He has been in the advertising industry for his whole life. he is the owner of a private advertising agency ZMJ advertising and marketing. He knows the industry.
my opinion is that this company is for real. that the ceo knows his stuff, made some mistakes "growing pains" if you will, but is on track. i have more info if anyone is interested, pm me ill share
the company was aquired by CEO Jim Albion a couple years ago. Jim diluted the company to no bid. He was new to publicly traded companies. I spoke to Jim and he mentioned that yes he did in fact run it into the ground, and that he had learned a lot from the experience. He also stated that he was attempting to get the share structure under control, and that the last thing he wanted was an r/s.
they started a share buyback program last year, and retired almost a billion shares, the buy back was suspended by the company because funding dried up. they were proposing a new business model to the franchisees and they rebelled refusing to pay franchise fees. (there were only 3 franchisees at the time). According to Jim, this issue has been resolved. The company has recently announced renewed efforts to lower the o/s. with resumption of the share buy back program. and they are attempting to cut the o/s in half. yesterday's trading saw a 500 million share buy pre market at .0001. we dont know yet if that was the company, of some market makers or groups front loading. Jim also announced the startup of a new subsidiary, related to the racing limo's theme. with more news to be announced by valentines day.
I did some research on our CEO himself, just to get a feel for him. seems he is a philanthropist. he donated to a school in New England in 2009. the amount is not released, i could find no negitive reports on him anywhere. other than iflub that is lol. He has been in the advertising industry for his whole life. he is the owner of a private advertising agency ZMJ advertising and marketing. He knows the industry.
my opinion is that this company is for real. that the ceo knows his stuff, made some mistakes "growing pains" if you will, but is on track. i have more info if anyone is interested, pm me ill share
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