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That is the way it looks to me too. I am frustrated that I got caught up in the hype. No more penny stocks for me.
of course it was a p/d, that's already been established. I really doubt that it's a legit company, based on the fact that the address they use brings up a few other 'companies' as well. Sport Drink?
I want to make back some of my money as well but the only way I see that happening is if they do another pump on this thing. Do to the dividend and low pps, it might happen - but i'm not holding my breath.
Do you still feel like this is a sleeping Giant? What, if anything makes you feel that way? I would love to at least make back the money I have lost on this stock. It does look like it was a pump and dump in spite of the growing sales. Comments please.
The Pump and the dump happened already...
The Pump and the dump happened already...
I do not think the split has occurred yet, maybe early next week. I see this one as a P&D and I think manangement is accumulating for a pump, IMO.
You are corect as to the price. It should have been 1/2 the price pre foward split.
ezample:
10 shares X $1.00 = $10
20 shares X .50 = $10
I am not reading too much into that surge at the open, it was very low volume. The real story will happen after the payment date. Well anyway, good luck to you.
It never should have opened up 300% higher... they screwed it up...they treated as a reverse hence the increase at open instead of a split. No matter, I am out of this... and been watching it to see... lost 50% on this when I sold at .10
If you check the chart, you will see that the time of the first trades under the new ticker symbol occured at around 1:40 pm on the 12th, and the pps opened up over 300%, with a market cap of over $18 million. That didn't last long as it gradually has been leveling off. This is why I stated that as of now, the market forces will decide the true pps, or market cap if you will.
I may add that even though our "frozen" shares are already counted as issued and outstanding, they will not be tradable until the conversion within our accounts occurs. I am thinking that that will be on the 19th. At that point some unknown millions of shares will begin trading, and which direction that takes is the big question.
Then someone screwed up. The closing price of prior to the split, and the opening price after the split... the market cap should be more or less the same... If the market cap was 5 million prior to the split it should be 5 million after the split, unless of course the stock opened up 50% high post split. Which this did not do.
It closed at about .04 on the day of the split, therefore it should have opened .04 divided by 3 (more or less) the price per share should have been .013 more or less.
Look on the statistics page of the company stock quote, you will see the current outstanding shares at 182.5 million shares, and the market capitalization at $7.3 million. Before the split the market cap was barely $5 million. The split has taken place already according to their last sec filing, and the current pps is responsible for the market cap. 182.5 million x the .04 pps. Those are facts, so make of it what you will.
That makes no sense. When AOL , Dell or any other company does a split, if the price of the stock is 100.00 pre split , it will be the amount divided by the split.
Well, Nobody knows what the stock pps will be when it is issued to us in a few days, but the fact is that the split has already taken place. Check the current outstanding shares, and the market capitalization. The current OS is 182.5 million and the market cap is $7.3 million.
Those who owned ZPPB on the record date, will not by able to trade the new shares until they are issued, but the fact is they are considered outstanding shares and are counted toward the market capitalization. The act of issuing the new stock should not in any way change the pps. What may indeed affect the pps, is if when we can finally trade the shares, will be sell or hold, that will probably be the deciding factor for the pps.
After the stock split, the price per share will be about .015.
Sub Penny is on the horizon..
Since this stock split is being treated as a dividend, I believe that the new shares will not show up in our trading accounts until feb. 19, that is the last listed payment date for the 2 for 1 dividend.
Dwarf star ready for collapse into a neutron star is ZPPBD.
You're welcome. Did you notice that the market capitalization has almost doubled? This is because the stock is trading at almost double the old pps. In my opinion, this is a sleeping giant about to be awakened. GLTA
Thanks for the clarification on that, appreciate it.
The shares that you have are being converted to the new shares, of which you will have at least two times the amount. Once they are converted, this may take 3 days I think, you will see them in your account with the new ticker symbol, ZPPBD. At that point you can trade them. Also let me point out that you can BUY and SELL the stock now,under the new symbol, just not the ones that were bought earlier, due them being in the process of conversion. Be patient, they will come in soon.
I dunno man, mine is showing the same as well. Hopefully someone has the answer
Somebody can help here?
I loaded some shares weeks ago. Now the ticker has changed, but my account still shows the old symbol (zppb) and a note saying this security can no longer be quoted or traded. Does that mean my shares are totally worthless, or is there anyway to update the symbol? Thanks in advance.
Looks like zippy shares the same address as sport energy http://www.sportenergy.com/contact.htm and tango supplies
My account still show zppb but it's worthless and no new shares?
ZPPBD the D is for Delinquent. WHEEEEEEeeeeeee!!!!
ZPPB two for one forward split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/11/2013&mkt_ctg=OTCBB
Doctor get the defibrillator, zppb is dead.
Another stock I'm liking, way oversold but it could go lower. Looking for an entry on this one.
Can they just let us know when the next pump and dump is going to be? At least then we'll have a chance to get kissed before we get screwed...
IMO, if you haven't averaged down, you should do so now.
that's a little optimistic don't ya think? The divy date is just a few weeks away - looong way to go and minimal interest in this. As much as I wish you were right, I have already chalked this one up as a loss. I'm still holding so we'll see - but my guess is that I will be holding this one for a very long time.
If you read the press release you will see that the reason for the divy aka split, is to eventually uplist to a better Market. To do this without diluting the existing shareholders, it's being done via a stock dividend. This is a start up company for sure, but this one is legit with a real product line that has already started being delivered. Check this out from their web site.
http://www.zippybagsinc.com/store/
http://www.zippybagsinc.com/about-us.html
Don't miss out on this one, I believe that the price per share will hit $1.00 BEFORE THE divy date!
I warned everyone there wasn't going to be a dividend payout untill after the dump. Learn to play these and there could be money to make
For those who may not know, the new share count after the dividend split will be around the 270,000,000 mark, not the 182 million that was in that old press release. So you will in fact own 3 times the number of shares that you hold on the record date, or the date of payout. If you hold 50,000 shares before the divy, then after you will own 150,000 shares. While it is true that there will necessarily be a reduction in pps as that happens,( remember, there will be no change in the market capitalization ), the key point is that this will NOT DILUTE the existing shareholders. This is far different than most of the penny stock companies who just create shares out of thin air and give NONE to those stockholders of record. IMO, this is going to be a huge benefit for all who buy now leading into the dividend date.
That's the only reason I've been holding this (thankfully small) part of my portfolio
I may just grab a starter!
Yes, and if you read their 10Q, you will see that they also have assets that are more than their liabilities, that's rare in penny stocks these days.
I just saw this and also noticed the PPS is moving up.
Buy it. Are u kidding. Too many like tuis out there. Those that have better hope for a darn good pr. Ewrl all over again. Glad I didnt touch this.
This stock will dip significantly before it goes up. So wait until it goes down and buy it. Then you will have some leverage and gain some profits. This is my prediction
$1.75!!! LMFAO!!!!Too funny! Not too far off.
Sure would hate to see Form 4's being filed for this period months down the road.
I have no sympathy for anyone losing money on these worthless scams on the OTC market. The only believable site covering this sh-it is Pumpsanddumps.com They called this split about 10 days ago.
At least a half dozen posters told every one this was a huge pump and dump.Good flippers made big money, the rest are Zippy Bag holders.Hang on they will do the same thing next yr,just wait jan 2014. Sport bag Co with one employee hires a couple dozen pump and dump member only Co's and makes MILLIONS !!!!!only in America. Want a real one? ck out EED*
isn't that what everybody wanted? More ZIPPY FREE shares!
wonderful, i'll have even more shares of this worthless stock. yippee
Zippy Bags, Inc. Announces Record Date for 2 for 1 Dividend
Today : Tuesday 29 January 2013
Zippy Bags, Inc. (OTCBB:ZPPB), a specialty hybrid sporting goods bag manufacturing company, today announced the record date for the previously announced 2 for 1 stock dividend.
The Company filed the 10 day corporate action notification with FINRA and has requested the record date for the corporate action to be February 12, 2013. Because the stock dividend was greater than 25%, FINRA requested the corporate action be submitted as a Forward Split. Each shareholder of record at the close of business on February 12, 2013 will receive two shares for every one outstanding share held on the record date.
The Company has also requested to FINRA that the payment date be February 19, 2013 and the ex-date be February 20, 2013. The ex-date is the first business day after the payment date and is after the record date.
All of the requested dates are subject to FINRA approval.
This corporate action does not reduce the market capitalization of the Company. The Forward Stock Split will increase the outstanding shares from 91,250,000 shares to 182,500,000 shares. To find out more about Zippy Bags, Inc. (ZPPB), visit the Company's website at:
LOL , you got the wrong guy , I am not in ZPPB,
just been lurking since after day one, out 85% day one and balance in the gap am day 2
I been trading these types of tickers like ZPPB way to looooooooong to hold to long "
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Market Value1 | Not Available | |
Shares Outstanding | 18,000,000 | a/o Sep 14, 2011 |
Float | 250,000 | a/o Nov 08, 2011 |
Authorized Shares | 90,000,000 | a/o Jun 30, 2011 |
Par Value | 0.001 |
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