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CFRI - Conforce International Inc - Page 124

post #2461 of 9113
I guess someone wasn't too impressed with Marino's coffee klatch
Here's my scenario, someone dumped and there was no bid sitting there, cause no one want's this crap. I hope you waved to your money before you bought this one.
post #2462 of 9113
If there is no bid, then who brought at .0001? The magic of the internet just suck up 1000 shares at .0001?

I believe someone made an order over the phone, some broker over the line made a typo and it went into the system before close.
post #2463 of 9113
Marino's 66,001,000 shares just turned into $6,600.

My CFRI is worth about $3.
post #2464 of 9113
Interesting...the Yahoo chart shows .17 up to .19 down to .17. Yet the days range shows 0.0001 - 0.0001 with volume of 1000. Looks like a fat finger to me.
post #2465 of 9113
Quote:
Originally Posted by GoldenPimp View Post
I will consider buying more CFRI once I transfer more funds.
Welcome to Canada Golden.

Thanks for the updates and the pictures. That was a great series of posts and it has a lot more credibility coming from you since you've been harsh, blunt and critical of Conforce in the past.

I wonder if the strange trade was a broker adjustment. If it was real I'd gladly buy 5 million shares right now at that price.

Great work!

chc
post #2466 of 9113
From Fidelity:

Last [Tick] 0.0001[ - ]
Change -0.1699
% Change -99.94%
Bid 0.15
Bid Size 100
Ask 0.23
Ask Size 100
Open 0.0001
Volume 1,000
Day High 0.0001
Day Low 0.0001
Previous Close 0.1700
Prev. Close Date 09/18/2008
post #2467 of 9113
Can someone please explain what just happened? How can a stock just dropped 99% of its value. My shares are worth last then a dollar.
post #2468 of 9113
Thread Starter 
Maybe GP can call Marino and find out what the hell is going on.
post #2469 of 9113
lol....

My take is someone bailed without an ask price. So the market saw no bid so the 1000 shares went through at .0001...Maybe give Marino a call on his bat phone GP!

lol

jj
post #2470 of 9113
I am not going to be the board's Commissioner Gordon. Conforce's office number is 416-234-0266. Maybe the price will adjust tomorrow. JJ might want to buy at ask. Lift things up for everyone.
post #2471 of 9113
GP, I know you said not to send a cheap shot...but I just sent a really shitYY email about this activity.
post #2472 of 9113
Quote:
Originally Posted by jake1975 View Post
GP, I know you said not to send a cheap shot...but I just sent a really shitYY email about this activity.
Why? Some idiot newb probably put in a "market" sell order near the close and some unscrupulous MM took his/her money for cheap!
It's not the fault of Conforce.
post #2473 of 9113
OK, this is interesting... I'm sure it doesn't mean much, as we all know not many (if anyone) will be selling at .0001. I'm sure the next trade will sort this out.

As far as taking cheap shots, I don't think anyone here has taken any "cheap shots". I mean, I'm really happy that GP had the opportunity to check all of this out for us, but the facts here are still the facts....

By that, I mean, that nothing that has been PR'd has come to fruition, I mean NOTHING. Of course Marino et al are going to schmooze GP, what else are they going to do (he just showed up on their doorstep). They know that we (shareholders) are highly pissed and we want some results not just promises that repetitively come to pass.

Remember, as far as we know, they have not been truthful or transparent with us for over 2 years now. Hell, they didn't even make their last deadline with the audits...

Let's not lose sight of all the problems we face as shareholders because GP had a good experience. GP did us all a great service and I'm tickled pink that he had the chance to confront and mingle with the folks at Conforce.

But, we have been at a stand still for how many months now? We have been told of how many deadlines in the past two years?

"Cheap shots"?, I would call it the "truth".
post #2474 of 9113
Also, GP (I would love your input on this), that office looks mighty generic and empty. Is this their "new" office, that's costing a bundle? What do they have to do in there?

Personally, I would say "nothing" since all the R&D is finally finished and ALL the trials are surely underway by now.

Not trying to be a prick, sorry if it comes off that way. Just not convinced of much ATM.
post #2475 of 9113
Quote:
Originally Posted by jake1975 View Post
GP, I know you said not to send a cheap shot...but I just sent a really shitYY email about this activity.
Share share share.
post #2476 of 9113
Quote:
Originally Posted by I we Todd did View Post
OK, this is interesting... I'm sure it doesn't mean much, as we all know not many (if anyone) will be selling at .0001. I'm sure the next trade will sort this out.

As far as taking cheap shots, I don't think anyone here has taken any "cheap shots". I mean, I'm really happy that GP had the opportunity to check all of this out for us, but the facts here are still the facts....

By that, I mean, that nothing that has been PR'd has come to fruition, I mean NOTHING. Of course Marino et al are going to schmooze GP, what else are they going to do (he just showed up on their doorstep). They know that we (shareholders) are highly pissed and we want some results not just promises that repetitively come to pass.

Remember, as far as we know, they have not been truthful or transparent with us for over 2 years now. Hell, they didn't even make their last deadline with the audits...

Let's not lose sight of all the problems we face as shareholders because GP had a good experience. GP did us all a great service and I'm tickled pink that he had the chance to confront and mingle with the folks at Conforce.

But, we have been at a stand still for how many months now? We have been told of how many deadlines in the past two years?

"Cheap shots"?, I would call it the "truth".
Well, I do agree with you.

Actually, have my opinion changed after the visit? Not really. Trials are still in the process. SEC filing is "coming". Contracts are still waiting for approval. I didn't really go there for answers, because I know that if someone wants to lie to you, there is no way you will be able to get an honest answer. Their "official" answers are already written down on the shareholder update, and thats pretty much all we are going to get. I am not there for an argument thats for sure.

But you get to "feel" what the company is like by looking at the surroundings. Looking directly into Marino's eyes as he tells you the company's progress, you "read" much more into it than a written PR. Looking at an office, you sense how much time a person spends in the room. Etc etc. I have my opinions on the people I saw, but that is something you'll have to go find out and make your own judgements on.

Quote:
Also, GP (I would love your input on this), that office looks mighty generic and empty. Is this their "new" office, that's costing a bundle? What do they have to do in there?

Personally, I would say "nothing" since all the R&D is finally finished and ALL the trials are surely underway by now.
That is the new office. Yes, I guess there is not a lot they can do while they wait for trail results (what would I know), but remember, they also run a multi-million revenue terminal operation. So it is not like they just sit there playing with their thumbs all day.

Please don't take my words as facts, I don't work there. I just had a short visit.
post #2477 of 9113
Alright, if you want to know what i saw in the office:

Remember, they were not expecting my visit. So this is not pre-arranged for shareholder visits.

From what I saw, I can tell the team has been actively marketing the products in the pass. The office is almost like a show room, prepared for product presentations.

One room, they had different reading materials on the table where EKO-FLOR had been publicized (world cargo news etc). A window by the front desk was a 42 inch LCD for playing the EKO-FLOR video. Meeting room had EKO-FLOR product samples, installation samples, and wood/bamboo floor samples. The EKO-FLOR coffee bar was an ice breaker/marketing tool, which makes good marketing sense.

Joe had a closet in his office where he hides his other prototypes (Mike showed them to me before they came back to the office). Protoypes had words or codes written on them.

Marino's office was a bit messier. Family pictures, empty cookie can, etc. You can tell he spends quite some time in the office.

In the back was three smaller offices, where Kathryn and another personnel have occupied (forgot his name). I guess there should be another person that I have not met, or the other office was just not being used (I didn't ask, but it was not empty).

Then there is an open are where the company can use for future expansion needs. I think you can fit a few cubicles in there.

I didn't take up Marino's offer to visit the terminal, I already have plans for next week.......this is my vacation after all. (Can't believe I spend most of the time online today, the market was crazy!)

I think I am done reporting on the visit. Conforce phone number is 416-234-0266. Good luck to us all.
post #2478 of 9113
Yes, well put, GP. And thanks again !!!
post #2479 of 9113
Dear Mr. XXXXX

Thank you for your email.

Please find below the statement the company has issued to all concerned shareholders that have sent us an email:

"Please know that the posting of today's last trade and its suspect value has come as a shock to the company. There has been no material news, negative or otherwise, released by the company that would have caused a decrease in the value of its stock. In fact, the company is doing extremely well and expects positive results in the near term with respect to its EKO-FLOR initiative. With that in mind, we are of the belief that the posting of this trade was executed in error. Please be assured that prior to the opening of the market on Monday, we will be contacting PinkSheets, the SEC, and the Market Makers involved in the execution of the trade in order to gain a full understanding of what caused this unusual event. We will send an update to shareholders the moment we have the answer. We thank you for your patience and continued support".
Best Regards,CFRI - Investor Relations
post #2480 of 9113
The SEC, that's rich.
I'm sure they'll be all over that one
"Conforce Who ?"
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