I've only got $300 into it, so it's riding long term for me now. Don't really care about it...unless it turns into a jackpot a year from now.

http://finance.yahoo.com/news/F3-Technologies-Inc-Updates-bw-15416198.html?.v=1

Oh, to summarize...

CEO says that that gag order was in retrospect a bad idea, and henceforth he is personally lifting it.

Transfer agent finally ungagged! And at least we now know what the hell was going on...

I appreciate the transparency now Frank, but his words to me yesterday was "I have not diluted anymore"....

I guess the dilution took place last week, but I have a hard time imagining him thinking that I knew about any further dilution from the 2 million sold 2 weeks ago.

I'm a long because of this business model, but this kinda bothers me because I feel in my mind that he wasn't entirely honest with me. There is no way he can assume that I knew that dilution had taken place.

Frank and Jim are having a video conference Wednesday evening to answer questions submitted to them via email and over the phone.

Its in the news release.

FWIW, 32 million is still a low float. 13 million could be chewed up in a week or two based off past history on this stock.

quote:

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-$180K note obligation in default (borrowed in April 07 and was to be repaid July 07) - any time table to repay or is this the reason for the capital raise.

---

I win!

So they diluted the stock further with approx. 4M shares based on $212k of debt at an avg cost of .05/share (based on previous dilution)?

Am I understanding this right?

Should I buy more at .045?

Yes, JBR, they diluted further to pay off all obligations.

I don't like it, but I understand the reasoning behind the move. I just think this means my timetable is going to be longer than I originally thought.

same here jeff

Bought 17,000 at $0.045. We'll see...

I didn't buy any today. I may get up at opening and buy some tomorrow. If anyone has any opinions though on where this stock is headed feel free.

Sideways for a while...

yep... this will be in a sideways channel for a week or two IMO.

You gotta remember that the MMs are now loaded with shares between here and .10.

I'm assuming sideways means its gonna be a roller coaster between .03 and .8. Say I would hold this a year, is .5 a good point to buy in your opinion. I'm holding 11400 shares bought at .11 for at least a year, and probably longer.

sideways means we'll be around this mark for a bit.... neither up nor down really.

If you're holding for a year, I'd add down here, absolutely.

Based off of revenues only, this stock should be in the .30-.40 range with a PE of 10. Its going to be higher than 10 with the profit margin they're projecting. I'm just ready to see some updated financials so I can definitely set a target for 4th Q.

Alright, I think I will add more tomorrow. The primary reason I feel comfortable investing is because I feel they have a solid product that makes sense.

Early trading is taking a huge liking to yesterday's news...up 33 percent already this morning.

Can't help but think this afternoon's video conference and future PRs with hard revenue numbers will only further boost this stock...

Nice change...FTCH seems to do the opposite of the rest of my portfolio

After a decade of dishonesty on Wall Street, analysts really like honesty.

My Company told Wall Street they were taking out a bond for our financial vehicle to fund AR AND AP, and our stock went up $6. Luckily we met our target on the due date, and the money isn't leaving the company.

Went from $23 to $43/share after the bond issue.

Same goes here for F3... when you tell the investment community what's going on, it really takes out the concern. That's why we saw a drop with the gagged TA.

You mean, uncertainty is a bad thing?

Someone please shout this to O because we could all use a little certainty.

17k bought at .06. Show me the $$$money$$$!

Fool me once, shame on you...fool me twice,...

I like the product, I hardly think I'm being fooled. I'm in this long.

I still think this thing will have some dips. I don't think all those 13 million shares have been absorbed, and of course you're going to have some flippers from the .04 range.

I think overall this trades in the .04ish-.06ish range for a few days. Just my opinion though.

They issued 12M shares for the debt repayment. Add that with the dilution of 2M from 2 weeks ago and we have 14M new shares on the market.

(M - Million, K - Thousand)

O/S - from 47M to 61M
Float - 17M to 31M

New Issuance 12M/62M = 19.3% of O/S

Market Value of Company - 62M *.05 = $3.1 million

Market Value - 12M * .05 = $600,000

Cost Basis - $212K/$12M = .018 per share

So the 3 investors have 19.3% of the company's outstanding shares.

JBRAG, I think there is still some uncertainty as to whether or not the shares went directly to the 3 investors or if the shares were sold to the public and then the proceeds were used to buy out the investors and have them completely away from the company (in which case, I'm sure they demanded more than just what their note was worth).

I believe an investor has posed this question to the company and hopefully we'll hear back either in an e-mail or in the video conference today...

Gotcha. Hopefully they have been absorbed already.

It's one of my questions, and based on what I know, its the latter of the two situations... they were simply bought out, and the shares were sold to the public.

I think they must have been sold to the public since the press release mentioned bringing in another $100k of "fresh capital."

Jeff that was a separate transaction of 2M shares.

LM - if they sold 12M to market and we say for conservative purposes had a avg sale price of .05 this would net $600,000. After repayment of debt they would be left with $388,000. Maybe I'm missing something, but why would they dilute the shares more than the note repayment if they were selling shares on the open market?

I'm not trying to go Tag77 on anyone, but the more I research the more disappointed I become. I think that's normal as a stock goes red and things are fine when it goes green.

I've looked at their software and from a user standpoint on both Fargotube and InteractionCS I'm left with the following thoughts.

FargoTube - what compelling reason makes me want to go here? The site hasn't had an update since last December. There is no payment structure for users to determine what kind of revenue they could make. None of the videos have any ads either - which I would assume is how many people would drive revenue. Also - if YouTube comes in and offers revenue sharing (which I thought they had) you've got a tough time getting people to switch to this website which has no traffic as is.

InteractionCS - I like the concept, one stop shop for HOA MGMT. But the main point of using this I would think is the budgeting software which to me is a pain. Having to hit add/delete everytime I want to change things is horribly inefficient and a simple excel spreadsheet would serve most HOA needs IMO.

Anyway - didn't mean to rant and I'm not asking you to defend anything related to this post.

Fargotube won't have a launching effort until September. It won't look anything like it does right now.

As for your interaction question, maybe you should present that to them. Or if you won't, I will do it for you....I think its a legitimate question, and probably one that has been raised by some of the high profile HOAs that have signed the dotted line already.

their video conference is today at 3:05 CST... They'll be fielding questions for as long as they need to.

They need to hear from users or potential users.

Feel free to share any comments.

.065

at my break even point again for the shares I have left.