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At this end of the market a lot of what the trading "is" tends to be a function of your timing... sometimes, if you buy when other holders are selling and you get market matched orders, they get filled just fine... buy at other times and you don't get filled or else you may be bidding it up to get filled.
Sometimes the MM sits on it and fills orders for a gazillion shares without it even making a dent in the price... other times you buy or sell a hundred shares and your driving it up or down...
A lot has to do with the fact that at this end of the market, companies often sell shares to fund operations. That is the purpose of the market, of course, and I don't have a problem with it, done properly... but, when it is run amok and used for the purpose of funding things other than key business needs... "dilution" gets a bad name in paper mills because there isn't any connection between share sales and real value being added to the company by raising new capital.
Knowing all that, in some companies you can expect to see shares being sold to fund operations in some more or less regular patterns... and you might time your planned funding of those you trust to use the money well... to ensure they get it.
It is hard for some people to understand how shareholders at this end of the market can consider themselves as and act like owners... choosing to invest in order to support a company that way. There ARE larger risks in the need to do your due diligence and find "real" companies... but the rest isn't much different than the nature of the risks taken by venture capitalists in other venues... higher risk... longer time lines for returns... but also disproportionate ability to make some big gains.
I think you need to have the same VC type approach to portfolio management... diversifying risks across industries, opportunities, and management teams... but you often don't have the team they do helping with the in depth DD... and it is often hard to get useful DD work done. Sometimes you do get a real team of investors to congeal on the boards, which is a pleasure when it works and enables cooperation that gets some useful work done with shared responsibilities.
I do think ABSY is one of those that I'd consider a "pink chip"... as I tend to expect that "real" companies on the pinks will be those with larger business partners invested either in the business or in its success. In those situations you might expect the known name business partners to cover some DD requirements for you...
ABSY is partnered with Staples as a customer working to help ABSY in validating the product, and with Fujitsu providing systems support... ??? So, I know they aren't a wholly fictional "business opportunity" or a total scam... still doesn't mean you know that they will succeed and make the business work... a risk which is priced into all small companies, and into all pink sheets stocks... along with some of the "scam stock" risk potential that comes with the pink sheets venue. I expect applying the "partner" screen actually delivers a surplus of investor benefit in risk/reward... as the shares have fully priced in pink sheets risks that the partners tend to minimize in fact. Still need to apply a portfolio approach, and still need to apply market skills in buying and selling well...
It is harder than you might think at first to find shares that meet the partner/customer risk reduction requirement... the pinks I hold using that concept are ABSY, LNGT, NXCO and CLYW... with ABSY being the only one that is as fully obscure as it seems to be...
That is also a double edged issue... the lack of recognition makes it cheaper and often a value to buy... but obscurity doesn't help when you want to sell it for a greater value than you paid. It does mean you know it isn't being valued based on "pump"... but, there is something to be said for having the story be known well enough by others when you want to sell shares, and as a company succeeds, the most frustrating thing in the world is to have known and growing values that others just don't recognize...
I've found more than a couple of obscure pennies with known $1 per share enterprise value or BVs that sell for $0.05... and it isn't worth buying them without an ability to get anyone else to recognize it is worth $1... ???
There is greater upside potential built into the "solid" companies on the pinks for that reason, too... if their success enables business growth that eventually elevates their profile, and moves them up to the next level of reporting and respectability on the pinks, or to the OTC or NASDAQ... but, most have none of that potential. ABSY still has to prove its success in the market before I'm going to worry about it... NXCO, LNGT and CLYW all have real potential to move up market.
I'd rather have more picks that meet my pink screens... but, without them, I'd invest in shares in other markets...
Of the four... ABSY is down 15% from my initial entry... and I'll happily buy a bit more from time to time to average down a bit. In NXCO I called a buy at the bottom at $0.028 and it is now up to $0.06 with the business doing very well... still a buy based on charts and potential. CLYW seems to be "working" on putting in a bottom but I haven't called it yet... and it may still back down to around $0.045... or it may not. LNGT I called at $0.031, and it has traded up to $0.05 and back to or below $0.03 a couple times since then... currently at $0.045 and waiting on news... and waiting... and waiting... which should be familiar to ABSY and other pink shares investors.
All four have potential to become rewarding investments... and all four have higher than NASDAQ risks of NOT making it... but, if/when they DO make it... they will have vastly greater than NASDAQ potential rewards.
CLYW has been over $0.50 from low penny range and likely will do that again... maybe soon... and could become a very profitable company. NXCO could also become a really profitable operation, and traded as high as $0.66 a few years ago based on the "potential" they are actually beginning to realize right now. LNGT has partnerships formed that have protected markets for great products... waiting on clsoing above market financing, but sales will likely not be happening until 2009. ABSY fits the mold... nearing the end of product development and on the verge of signing sales... the "$65 million dollar sales pipeline" issue.
Also the case in each stock that they tend to hit long term market lows JUST as they are actually getting to the point of accomplishing what they've been "working on" for years...
If one of four succeeds... no worries about the others. If two hit... I'm a very happy camper all the way around. Three? It could happen. All four... seems unlikely... but, if only one reaches its full potential: :<)
I also put a little "spare change" into the occasional super high risk wild ass pinkie speculation... not investment... although I do the same level of DD or more on them, which is a useful DD challenge... use a "proven asset value" screen as a qualifier, which doesn't do much to reduce business risks or ensure the assets will ever end up as value for shareholders. The assets were real and the risk was realized on KGLJ... which is an ongoing story. PWTC and TRNP are similar asset only stories, without any going concern pretensions... they'll possibly work out if they ever do anything (PWTC) or simply avoid dilution with asset based revenues (TRNP). IGPG is a similar asset value vs debenture dilution risk story.
For now, thats about it for my more adventurous pinkie land interests... hope you find it interesting if not useful.
Thanks for your detailed response. Yes usually I trade Nasdaq. Usually Tech as that is what career field I'm in. This is the only Pink I have ever taken a position in. I see the potential for MM's to manipulate these thinly traded stocks so much more than more liquid ones. I have wondered if ABSY is being held low on purpose until positions are filled. At least thats what I'm hoping. But the truth is there is more selling at the Bid than buying at the Ask with this stock. Or at least there appears to be. All the after hours block trades that have been happening since Nov 07 are generally even lower than the Bid price. What's that all about? Not used to that sort of trading. The 2nd quarter is coming to an end now and the carrots that were dangled in previous news releases need to be given up if this company want to have any credibility with its "long time" shareholders. Patience is needed I agree but so is a little bit of honesty with the people who are funding your business with their hard earned dollars. I would be happy to be jumping in at .03 now but many of us have been here for a while. hearing the same old promises of just around the corner there is something great going to happen. And maybe something great will happen but it will have taken a lot of misleading to get there. Lets hope this is the one. JMO
It is a lightly traded issue... even took me 9 hours to find and respond to your post... LOL.
I'm not hawking every move the company makes, here. Without any real effort to put the story out there in front of a larger group of investors, the shares trade erratically and probably only among a fairly small audience of the aware.
The last news release was on May 7, and that seems to have driven only some 2.27 million shares in volume, followed by more drift. I think the critics have it right, in part... that the news is focused always on more future potential in the form of cotton being stuffed into the "sales funnel," which has long since saturated investors capacity to hold interest. Not much additional interest is likely to happen here, I think, until a gum ball rolls out the end of the funnel.
Given the shares are where they are... I don't see any of that above as particularly problematic. I DO expect Staples will have to write a meaningful check with a lot of zeros on it at some point in time... and when that happens, and when it is reported out as income that covers costs and more, THAT will be real news...
I do look forward to getting to the point of having our anticipation of sales announcements being a retrospective affair... so that the first we hear of them is when they are announced as having already signed... and the next we hear of them is when they are "done" and "paid"...
It will still be likely that the shares will remain undervalued for quite a while, even when there is a better ability to value them given news of revenues... simply as a function of the shares being widely ignored now. Good news filters out slowly in shares with markets like this... as good news isn't actionable if you don't know the stock or the news.
I don't think the situation here is entirely accidental. Looking at the accumulation occurring as the share price drifts along, I note it looks just like a number of my other under-appreciated picks that tend to suffer from insiders neglect, or even deliberate mismanagement, along with some market participants deliberate efforts to generate the drift that makes for shares that are neglected bargains. Undervaluation generally requires something of that nature to exist before it occurs. The combination of price drifting downward along with a fairly steady pace of accumulation in anticipation of some future events makes a chart pattern I call "green slugs"... and I look for them deliberately.
Lightly traded shares require investors to have a different set of market skills than investors in other shares need to have... but there are rewards to be had from the investment style that can make that necessary level of patience worthwhile.
Investors' long range success requires BOTH corporate performance that generates recognizable value and success in having the market properly pricing company shares. In the short term, the neglect by the market enables buying low while others just miss seeing there is value... and it also enables opportunity in the time lag between meaningful news coming out and the wider market gaining recognition of the nature of and the impact from big news. The price you pay for having the surplus in opportunity in a neglected stock is the need for patience, and an element of market risk that relates to inefficiency in timing, not knowing when there will be recognition of value that exists.
IF anything like the $65 million in sales happens... and there are still only something like 25 million shares outstanding... having some level of patience here seems it might be worthwhile.
So, I'm happy this isn't a penny stock that is being pumped... and will look forward both to having Staples come through with a deployment decision, and to seeing some eventual diversification in the base of customers and a broader range of revenue sources.
I don't understand why we are sitting at our all time low if Big News is supposed to be just weeks if not days away. Makes no sense.
Very interesting volume spike late today...
0.035 16000 Norm 14:13:58
0.035 21000 Norm 14:14:24
0.035 15000 Norm 14:55:36
0.035 14500 Norm 14:55:57
0.038 5000 Norm 15:22:57
0.04 10000 Norm 15:26:40
0.035 10000 Norm 15:48:08
0.032 5000 Norm 15:48:18
0.04 200 Norm 15:56:40
T0.0332 45600 FormT 16:08:36
Looks like more trading and more volume than I've seen in a while, along with acquisition and a bit of noise seen in the nervous movement. Looks to me like this one is getting ready to do something more than lie there and play dead...
I'm guessing we won't hear news again until there is a contract signing that will include names and numbers... and I'm guessing that might happen sooner than later. The "soft" talk about pipelines, funnels and potential seems about ready to give way to harder language related to concrete accomplishments, sales, and performance on implementation timelines.
I'll be back in a few weeks to see how things look then...
Hmmm. I note that along with the flurry of negative posts and the price drop, that "someone" bought something like 2.25 million shares, which shows up as acquisition, not distribution, on my trading desk ?
ABSY isn't the only RFID company that has long lead times for sales commitments to convert into sales... just a hazard of being a seller of management systems to retailers. All the RFID media talks about is how intense the demand is... and yet, the numbers of implementations is small, even with the demand... just because retailers are hopelessly slow in implementing system changes.
I've seen this type of problem myself, in a job I had years ago... watching as Sears, like it was pulling teeth, made the decision to buy new cashwrap... new checkout stands for the whole chain... which took them months to fritter about before making a decision... and which finally got fully implemented about 2 years after first being discussed. Painfully slow for me. Convinced me that the last thing I wanted to do in life was have anything to do with the "exciting world of retail operations"...
So, yeah, ABSY shareholders need to have patience... but the decision making style and abilities of the customers are an industry reality, not an indicator of problems in the company.
Not claiming the PR means there will be nothing but blue skies ahead for ABSY. Still, it isn't likely the case that an announcement of transitions in the sales effort, that move prospects from the pipeline to the funnel, are BAD news???
I think the news that will matter to most isn't the reports of growth in the sales funnel, but the growth in "done deals"... like, when are we going to hear Staples is going nationwide ?
The rest IS consistent, though... that Staples proof of concept and proof of functionality... is likely to have impact on others decision making. So, I don't see it as bad news that we are getting to the end of the decision process and hearing positive indications.
Remember this one from June, 2006. hmmm, if ABSY is worth more than $3.50 - why isn't management mortgaging their homes to get a bigger piece of the action. if it quacks like a duck....
MONTREAL, June 21, 2006 (PRIMEZONE) -- AbsoluteSKY, Inc. (ABSY) has disclosed that it has received an unsolicited offer from a European Fund to purchase its outstanding shares for $3.50 U.S. per share. The Offer is open for 60 days.
In order to complete the transaction, a minimum of 80% of AbsoluteSKY common shares must be tendered by business closing Monday, August 21, 2006. The Offer is subject to applicable regulatory approvals and due diligence on behalf of the Fund. AbsoluteSKY will call a special meeting of its Board of Directors to carefully consider and evaluate the Offer to the best interests of its shareholders, and will conduct consultations with its financial and legal advisors.
John Frabasile, President and CEO of AbsoluteSKY, commented, "This Offer comes a little early for us as we are only at the beginning of our growth phase which we firmly believe will increase our value substantially beyond the figures being offered."
remember this oldie but goodie from September 2006....
....As reported by John Frabasile, President and CEO, "We are actively discussing installations with four major retailers and should be in a position to start announcing this progress shortly. In addition, there are other important strategic agreements being finalized which should be made public this month."
WH'APPEN??????
I just love how this stock plunges after every positive press release...
I'd say the issue is the arcane qualifying language of sales geeks... which really isn't very useful in forming the core of news releases. They are "trying" to keep us up to date with evolution in the sales funnel, showing progress... and just not doing a very good job of it.
There is a difference between attending an event where there will be X # of people present with X buying power, and having X potential in leads, having X potential in qualified leads, having X potential in blah, blah, etc.
The recent "announced serious intentions from national retailers to adopt the technology and to immediately proceed with initial installations next month. Every indication points to a national roll-out with potential contracts exceeding $25 Million"... is a natural progression from the prior posts, not in any way an inflation of it, but is a reduction, as you EXPECT to see in a funnel, showing the sequential progression from $X potential at an event, to $X qualified leads, to $$$ in sales interest, to $$$ sales booked, to $$$ sales completed.
The next in sequence: "Through the NRF show in New York this past January and several subsequent customer/partner events, momentum behind the sales effort has intensified dramatically as anticipated. Given solid in-store performance and the positive results of Proof-of-Concept phases conducted with a range of clients, several large National retailers are moving ahead to formalize their interest in proceeding to the next step towards adopting the solution, propelling the value of the sales funnel beyond $65 million."
Yeah, it is gobbledegook... but it says it is moving prospects from qualified leads to the sales funnel... and that is good... and it is rational and expected progression in the sales sequence in this business.
Please, no more good news!
Didn't we already have a sales funnel of 110 million
December 07
The Company highlighted that its sales backlog is building solidly with aggregate orders anticipated to surpass $1 Million soon into the New Year backed by a qualified sales funnel of well over $110 Million.
May 08
National retailers are moving ahead to formalize their interest in
proceeding to the next step towards adopting the solution, propelling the value of the sales funnel beyond $65 Million
Did I miss something here?
Good links. Thanks. First look is that the reports are mostly those of tech accomplishment, not completed field trials or a slow motion deal happening... Still, it looks great, and the partners there are no slackers, but how are you going to invest in Mojix?
I'll comment more on a couple of the elements.
The first is technical. I'm a tech geek who has done some bit of work on cutting edge tech, including materials and systems design for some advanced future tech systems antennae. RFID isn't really a cutting edge technology, period. It is a business that takes the edge off of cutting edge techs developed in other application areas, and re-applies that tech to a rather mundane application... that just happens to be high value to the end users, not so much for value inherent in the tech, but for value added in the higher resolution supply chain management that results. I'd agree that the improvements the links highlight are useful, with new antennae schemes combined with new logic providing the enhancements noted. I'm not dissing the level of sizzle in the tech in the segment just to act superior... the point is that what is needed isn't always the geekiest possible, which is extravagant in development cost and often in installation... but the optimal functions for the lowest costs... including life cycle cost, upgrade-ability, etc. How much is known about the relative state of ABSY tech ?
The second is the divisions forming between functions in application, including between passive and active systems. As the tech improves, it will get right sized, including that the highest value functions will get systems that cost more and work better. It looks to me like the segment techies are resisting the concept that "one size fits all" solutions may NOT even be desirable in a value driven model. I expect that both passive and active systems will improve, add features, and generally get beyond the rudimentary capabilities we see now... but will still sustain the divisions we see now, too... because there are inherent differences in the functions. All passive systems will have limits and susceptibilities that active systems can avoid... true now... and true in the future as the feature and capabilities of each advance. You see the same/similar drivers in most related tech... hot new chips or older but adequate chips... single crystal solar panels, or flexible polysilicon panels... one costs more and works better... one costs less and performs less... unless cost matters more than performance. It is cheaper to put the most expensive panels on a satellite... silly to put them on your roof. Same concept here.
Third is the disconnect we both note between the rate of adoption and the rate of innovation. The tech matters... but, in noting the pace of adoption, it seems that the tech doesn't matter enough to the customers to drive an acceleration in terms of their being vastly more aggressive in hotly pursuing current generation techs, much less accelerating their efforts in adopting the current tech. To an early in the curve adopting techie, that may seem absurd, but to a retail management, the caution makes great sense and is usually what is most well rewarded. WE are here discussing the plodding ways of retail, while the market thinks the customer we are discussing... Staples... is a lightning fast, trail blazing tech adopting pioneer. Why the difference in perception... and what is the implication for the RFID supplier? Passive systems are being adopted rapidly in large part because well managed large customers... WalMart, the DoD... have the market power to impose the requirement on suppliers. Bottom line is that you aren't selling the management of a retail operation a new technology... you are selling them an improvement in their own management capability. There is more that will go into their decision making than the heat rising from the "tech"... and, here, the relationships MATTER a lot. Note, again, the plodding nature of Staples commitment and adoption pace... the pace seen in the tech developments... and the fact that it is a retail management upgrade being sold... and you might reconsider which features are those most valued by the customers in the whole package ?
Finally, seeing the new industry as a whole, RFID exists as a separate market with pure play companies in it, ONLY because the application is still "that" new. The tech is not all that new... but the companies take advantage of greater awareness of others tech in offering it re-packaged for use in the new app. I do expect that novelty will wear off. The RFID companies will be absorbed as or before the pace of innovation slows... as the tech applied gets closer to the cutting edge that starts to drive new development costs higher. I don't see it ever being a utility to drive new tech developments that will be applied elsewhere... cost/benefit, again, so, the rest that matters in investments here, I think, is that pure plays are easier take over targets... and I want companies that are free to become unfree at a nice price.
Hope thats useful ? Nothing definitive... just the musings that occurred to me looking at yours. I'm a hypertechie, but, given the realities of the RIFD customers and their drivers, and the realities of the stock market, I value the position at the intersection in the Fujitsu/Staples relationships, and marginal performance now, far more than the other techie stuff. I expect ABSY to stay competitive as an integrator FOR their sponsors and clients to meet their needs, which they should know better than others, not because there is a risk they will be out-teched and replaced by some other company without the relationships and perspective?
I've been following your posts on Yahoo with interest. I agree big multi-nationals do move slowly but technology innovation doesn't. You can go from leading edge to becoming old news quickly. Yes ABSY's active tags can be read at greater distances than passive tags but that technology is changing. As an example check out what this company has done with passive tag reading distances. http://www.rfidjournal.com/article/articleview/4019/1/1/ and the companies they have relationships with. http://www.rfidjournal.com/article/articleview/4041/ A year and a half ago when I stated purchasing this stock we were on the leading edge but I'm not so sure anymore. Just my opinion. Please correct me if I'm wrong.
I posted a few related things on the ABSY Yahoo board today, which might be worth a gander...
Not sure but I certainly hope so I have held on to this stock for so long now, just waiting because I have faith in this product just not the management team. So we will see what happens.
I don't know what this thing about
john sparrow means if anything but pennybasher oops i mean pennypusher said on his ihub board post # 1316 that ABSY has 23,450,000 outstanding shares,that i hope is true.I did some research this is what i came up with,from the 4-10-08 PR "national roll out with potential contracts exceeding 25 mill" Staples has 270 canada stores 1200 USA stores = 1,470 stores so 1,470 stores x 2000 SKU per store x $8 per intellitracker = 23,520,000 i will guess at least half of this is pure profit,next on the PR "serious intentions from national retailers to adopt the technology and to immediately proceed with initial installations next month" could this be wal-mart or target??? I think staples is in the bag i think we will know by may 30th at the latest.all just my opinion
Hey, some buying at the ask price the last 2 days. Chart trending up also after a long period of consolidation.
Looks like they just forgot to mention the contract's potential dollar value in the previous news release. All in all we seem to be in much better shape fundamentally then last year at this time. Would be nice if the PPS started to reflect that.
Yeah I saw that this morning as well. Hopefully they follow through with that PR. I think it's about time this company actually closes some sales and generates some revenue. Will see what happens.
So it looks like we have some positive news, I'm not sure I like that they didn't provide the names of the companies though, I guess we will have to wait for the PR next month for more information.
no fake name. They bought a highjacked shell. Looking at the chart you could flip it everyonce and a while, but investing would just be silly IMO.
Thanks for the link
ABSY is currently a real company with a real product and real customers and a big multi-national partner but I understand what your saying. I too would like to know why his name is on the Nevada Articles of Incorporation. Is this John Sparrow on the lamb?. Is this even his real name?
basically all shells associated with John Sparrow were highjacked. Theres a bunch of stuff if you google the names and Select America Transfer agency. A bunch of those stocks got haulted.
Truthfully I wouldnt touch anything that was associated with these people.
But hey you may get a POP or something
http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20070518_select-american.jsp
From what I can see John Sparrow is listed as an inactive officer on ABSY's board of directors. He has been linked to some shady activity in the past. Maybe pennypusher1 can elaborate on that. Would be much appreciated. Also check this iHub board; http://investorshub.advfn.com/boards/board.asp?board_id=8969
Who is john sparrow??? how much of a pop do you see??? I think if they get the staples deal (and i think they will)this has limited down side and huge upside a lot of investors are watching and waiting.By the way do you know why this has after hours ("T") trades .How many shares do you own??? Thanks for all your help i am trying to learn.
I don't know what the three words mean,I don't know anything about charting.I am dumb when it comes to penny stocks,feel free to spell it out for me.Thanks for your time & effort.
I hope you're right about the couple months time frame. My biggest worry is if it takes too long to roll this product out someone will come along with a better one and spoil the party. ABSY's R&D budget can't be all that much. There's a lot of bigger companies out there with deeper pockets developing RFID products. A few extra sales channels would help. Fujitsu is a huge plus but we seem to have our eggs all in one basket. I would have thought that UNIVERSAL SURVEILLANCE SYSTEMS would have been able to do more by now. I can't even find ABSY's product on their website. On the other hand it does seem like someone likes this stock at this price so I'm hoping its smart money buying these millions of shares.
sounds about right for this group. John Sparrow would be proud.
hmmm, bullish PR ....huge volume ....share price barely moves ....no doubt in my mind that insiders/company sold into the strength and probably issued the PR to goose the stock so that they could get the most out of stock sales ...SHAMEFUL!!!
three words. Select America transfer
The 2 year chart should tell you enough.
volume says it may be good for a pop though
Thanks for the tip about yahoo. Another fluff PR yesterday and lots of volume also after hours trades.I think with in two months they will sign all staples stores,and other deals , however the pps may go down to .01 before the two months is up. I'm hoping for the best, It is a good sign that it has not gone under .03
I don't know what you mean?? Do you have shares?? If so what do you think about this company???
Press Release for anyone who cares
http://www.absolutesky.ca/pdf/en/2008-03-26%20Press%20Release%20-%20300%20Sales%20Increase%20-%20FINAL.pdf
Then again maybe they just decided to dump 100 shares that they had bought early and just take the tax break
Well considering the volume of 0 that we have seen the past few days, it doesn't really surprise me, but your right that just seems borderline retarded
This morning: How can anyone trade 100 shares of ABSY at 0.035? A big $3.50 to kick off the day...
Agreed completely, I just wish they had a better management team, because it sounds like their product is solid.
In the past I too was a long term thinker, "why sell Nortel, it will be back up in time". An expensive lesson as I witnessed my total portfolio dive to 25% of it's book value, after rising 60% over it's initial cost. Hopefully ABSY can be the one to get up there with the big guns, where I think it belongs, if only it could happen NOW. The wait is a killer.
Yeah it really sucks, I know I have lost quite a bit as I'm sure many others on this board have. I should have got out when my money was all ready doubled, but I like to go long-term and thought this company had some real potential....oh how wrong I was.
yeah - big update!!! absolutesky now has $1 trillion in the sales pipeline - baaaawwww!!! what a crooked company - they hype a $3.50 takeover bid, saying that absy is worth more than that ...then they watch the stock tumble to 4 cents ...oh, and let's not forget the projected $25 million in 2007 sales that turned into ZERO, even after management said that contracts were just being finalized ...oh, and now there is $100 million-plus in a qualified sales pipeline ....'qualified sales pipeline' equals 'the sound of one hand clapping' - basically a JOKE!!!!!!!!!
Obviously very little activity since the last post was on the 22nd, I think we could really use a little PR, I'm sure the test at the four staples locations has to be wrapping up here soon? Anyone else have any clues on this?....
Well my 5000 finally was filled this morning.
Hopefully the dilution is done only one (after hours)"T" trade of 5000 shares today.
Very Interesting, They must have started the dilution just after the email to you on share count.If this pattern holds true by next week the price should fall below .03 remember i have been buying this from $.20 I read somewhere that the pink sheets were going to make it much harder for companys to dilute with out informing shareholders.Does any one know anything about this??? Once again thanks to kvnbrn for all your efforts.
I didnt notice that....I had an order in for 5000 shares at .0395 which didnt get filled though.
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