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Problem is that some refuse to see that big red line on the chart yesterday that represents a huge dump. Or the .0004s printing. Or the constant ask refills. That's been the common theme with PLPL. Every few months it's a repeat merger play that somehow never materializes. If you were looking to merge would you put PLPL at the top of the list with its history?
What you do with this is flip and rebuy. But only with money you can afford to lose. Cause you will lose it.
Well said. Couldn't have said it better.
I have written many articles on the subject on trading in the penny arcade. Here's one that I wrote in 2000 and pretty much still applies today. I too go back may years and know Sterling very well from our days on RB where we had both classrooms on the trading in this venue and have always found him to be respectful and a decent person.
The 3 P's of Investing and the Strategy that can maximize your ROI.
* Principle
* Profit
* Potential
Investing and trading in the pennies is based on one's ability to fully understand what he/she has and when to sell.
Penny companies and the arena they trade in are the most unpredictable and have left investors/traders with losses that with a smart strategy, could have been avoided.
Emotion, Anxiety and Greed, three of the prevailing sentiments that always seem to be the guiding force on investors as when to buy and sell, only to acknowledge it is discipline that will pave your road to a successful ROI.
I'm only discussing the unpredictable and unregulated market, known as the pinksheets...Here the Market Makers and not the investor has the total control and you as the investor must learn to either stay one step ahead or fall victim as most usually do.
When you trade in this market you first must at the earliest opportunity to remove your principle. The best way to assess this part is divide your total share account into 3 parts. The first 33% is your principle, the second 33% is your Profit and the remaining is your Potential.
We have all experienced nice runs only to find your issue floundering at the bottom never to return. is this first run that one should remove the principal investment. This should always be applied and under No circumstances should you deviate from this. If you feel that the issue warrants a second run, it is your Profit that will be your next exit. Remember, if you removed your principle investment, you will have taken a huge risk out of the market and your Emotions will become less of a factor.
Potential...The last of the 3 P's is the most difficult and should only be left as an investment if the company has a business model that can generate revenue, but most importantly, can ROI based on the forward fundamentals of the company be realized. One assessment that you must take into account is the share structure verses Market Cap. It is this one and very much overlooked part that will determine the true value and fair value with respect to share price and where it will eventually go.
In the penny arcade, most participants/investors are way over their heads and have a skewed impression what really comprises what is an investment and what is a crap shoot. From what I have seen in this cesspool of penny garbage, it's all in the timing and being able to stay one step ahead of the market makers and the loansharks.There is no such term as long-term, investment grade, great buy and all the other misnomers that many like to refer to these pennies. For what it's worth, they are all junk and the only money makers are your day traders and the loansharks that feed offshore on what gullible buyers throw their way and the market makers who execute these buys and sells...
When one comes to the pennyarcade, he/she comes with the idea to make money, but only to be let down. The understanding of how pennies work is in itself an art and science and not the fact that a stock is priced at .0002, .001 or .10 or whatever, and it should go up because it's so cheap...Most investors if you can call them that in pennies, get the 3rd degree and they lack the sensible approach of admittance that they made a mistake and can't accept their loss.
Since the great tech and birth of the computer, the potential of online trading took off and everybody with a computer thought that the penny arcade was going to make them wealthy. This has become so far from the truth and 15 years later many have lost thousands and still can't figure it out...
It's simple,98% of all pennies are losers and just plain junk. Many or most penny companies will have movement beyond a certain entry, but all will without a doubt fall like a rock and flounder at the bottom for years with ever moving north again. If you hear nonsense like "wait until next year", or "put it in your sock drawer" and there are dozens of brilliant ideas only to have you looking back on why I paid attention to all those clowns on the message boards.
It doesn't matter on how much DD or other research you do on a particular penny stock, because these companies don't have a future. It is the art and science of understanding the way market makers play and until you get a grasp at their non-rules and cheating ways, you will lose.
The idea of holding any company is and should be based on free shares after the principle has been recouped. This part is the Potential of the 3 P's does the company have a future?
First, when a company promotes itself on penny exchange, it is for funding their R/D and this is especially true with BIO and Tech companies. Once a company can establish that even their product/idea has legs, it isn't the shareholders that gain, but the owners and the largest preferred shareholders. We as shareholders gain in the cycle of share price movements over a period of time, which allows us to sell on news and reap a decent reward, not hold out in hopes...It is pure nonsense and just doesn't make for an explanation that hold long-term on any penny stock, without exceptions can ever be achieved.
To explain this further. When a company goes public, it is mostly for funding their R&D programs through stock sales by market makers and picked up by us, blah blah, you get the point. Once a company has perfected their technology or product, it will usually in most cases shop around for a buyer for their tech/product or merge as a division into a larger company or outright hostile type takeover, again this is very true within the Bio companies. Companies with large O/S and huge amount in authorized shares generally don't have a problem with hostile takeover practices.
Through this whole ordeal, the company continues to sell shares until it has ballooned their O/S and depleted their authorized shares so much, they are forced to do the most drastic of all moves, a R/S. All this time they continue saying and moving ahead and convincing us their R/D is on target. But then, they announce a R/S, because they feel to stay in operation is a must and probably so, since they haven't found a partner and they are short of funds and we are, or some of us reluctantly go along. Posters always use the argument that if the company doesn't split it will go out of business and we will not have anything and should be loyal and stick it out. Loyal!! That's a new one. Now this is just plain incorrect, and management knows this and will be able to keep going with or without a R/S. Remember the offshore loansharks? Most companies go for these same culprits and is at this moment diluting the pool as we speak with most pennies. When management and I must say are in general a bunch of sharks that have a printing press for their own benefit and will do everything to keep the printing of new securities going just to fatten their own greed. Management is up against the wall when they parley their shares and this is always a last attempt and absolutely a death sentence, like the R/S. Incidentally, a R/S approved by shareholders is a formality and will always get approval regardless how we as shareholders vote. This part is always stacked against us. Of course, in certain cases we may be able to thwart a R/S, but that is rare.
In case of any BIO company, they usually disappear into a much larger concern. companies that trade on the penny exchange rarely ever become stand-alone concerns. The R/D and marketing requirements is far to great for any startup to absorb and is too costly, so they are usually and that is if the product is all that is meant to be, will be acquired. In general, if a Tech company has a promising product, they too will be looking for a buyer, because the tech field is changing so fast that the smaller concerns lack the funding just to stay in the game and will never be able to compete with a much larger firm that have the cash and know how.
Bio companies who have products that can even meet FDA approval will probably be sold or a major PHarma company will become a partner as in a collaboration partner and they absorb or become merger. Now to get to this stage will be with countless rewards towards shareholders equity, but eventually it will become an entity of whomever becomes a partner. This is in most cases the way of a startup Bio company with excellent potential.
investor, in return on your principle. Also keep in mind, that the risk is also the greatest threat to a dismal demise of your investment dollar. The latter is more accurate than the success rate.
A Bio company that can hopefully get the FDA seal will give the company the real interest and the potential share price explosion within hours of such a PR, but that will only come with the approval. The timeline for a nay or yah on acceptance is rather short on devices than the lengthy clinical trials required for drugs and a device, which not actually being a drug could come sooner than think. So 6-8 years for even a drug going to trials can certainly be overshadowed with impatience and will keep a stock price from ever achieving the result in the near-term or even pan out altogether. The movement on the stock price with these companies comes with the interval press releases which allow you some trading with potential profit.
So, in Short. Trade penny stocks do not use these issues as investment grade. If you have one and believe me, they are rare, remove your first two P'3 of Investing and Strategy and fully understand the true Potential of the company that you wish to hold long.
Have a good day
varok
Good morning Sterling,
I'm sorry with what you're going through, and I'm also sorry for Uber Darthium for losing his nephew. My situation is different because my mom has lived a great life, but every day is a struggle for me and her - she's in a rehab facility after struggling at her assisted living facility. I lost my father 5 years ago on April 25, and my mom often tells me she wants to go to sleep and not wake up, and just be with him again. Emotionally, it takes a toll on you, and it's even affecting me physically. I've had all sorts of weird aches and pains, numbness, sleeping issues, etc. So - I get to some degree all the struggles.
In regards to that stock story - it's why these stocks can't be invested in heavily. I might even say that about big stocks - look what happened at Enron. You just never know - I will repeatedly say the best thing to do is max out your 401K every paycheck, and put extra principal towards your house if you can. If you have fun money, put it here - and if you don't want to lose it all, sell half on a decent gain. Maybe you'll never be rich, but you'll be at peace. You'll be able to carve out a decent life for yourself.
I would also just say not to take any of this personally. There is a backstory behind all of these people who come in and criticize. You've just addressed one, but there are countless similar stories that explain a lot of actions here and elsewhere. Yes - we all make mistakes in investing. Just look at my posting history - I've had some real stinkers. :) Again though - build your nest egg as much as you can - then if you lose a few thousand here or there, it's not a big deal at all. I think that's the position most of us are in. Could you just buy 50 million shares of a trip 0 stock and it goes to 10 cents, and you hold the whole time? Sure....but you could hold to a penny and then it goes back to zero - then you're in hospital with stress-related illnesses. You have to figure out what makes you happy. That's success.
I'd also say this isn't directed at you, because you've been investing for over 30 years. It's more directed towards the young tykes that want to get filthy rich overnight.
Hi stervc,
Unfortunately, many that play the OTC board have very specific personalities. I'm currently in a somewhat similar situation with GSTC. I believe in the mission and the purpose of it. Contacted many people are supposedly connected or was listed on 8ks. All of which have confirmed. The process is taking longer than thought and the CEO continues to take money from a pretty bad lender. But the company does nothing. Trying to get to trials. The point of this is that there will always be someone that has been scarred and angered for something they jumped into. Some don't do their own research or contact those involved. No one wants to. Many are so pessimistic all the time because the OTC is such an unforgiving place. Which they should have clearly known before entering. The reality is, things will fail, people will be swindled or had, but it's up to the individual trader what to do.
Anyone I talk to I give my point of view but ultimately, at the end, I explicitly tell them they have to make their minds up. I'm just going off what I know.
So I understand the idea. Some are just posters and aliases that come on here to cause trouble. They never have anything good to say and make statements about things that inevitably will be true in time.
Lot of egos here. Sorry you have had to deal with people who can't take their gambling issues to themselves. Good luck with PLPL. Hoping soon more is revealed soon.
Hardly, if you read my responses to him at NHMD.
It’s all factored in to the cost of going public this route. Why do you think that’s so odd ? It’s just part of the deal …. Like closing costs.
It may be because we are in trips.
With eTrade I see OTC's drop down to a lower size usually, and I do occasionally see the sizes change to 0, so I guess it is not that unusual.
Great volume over half billion
Is it really that unusual to see bid/ask drop to 0s at close? It seems to me I've seen that reflected on eTrade when I check stocks at the end of the day. That's not a common occurrence in the OTC?
Hopefully they do name / ticker / SS change all at the same time. That would give the best result for existing shareholders.
Bid and Ask size both dropped to 0 at close. Unusual. FINRA daily list news tomorrow maybe?
Waiting?
Shieeeeeet, the degens as a group should have demanded a higher percentage of the new corporation.
Is FINRA still pretty backed up resolving various issues? I remember them being pretty backlogged on reviewing filings and attorney letters on companies attempting to reach pink current status, so patience could be required here.
FINRA is processing a Ticker and Name change according to the last filings. I can assure you news is coming.
A ton of 6's to push through here. Don't see that happening without news.
Yes, let's give a bunch of OTC degens 20% of our company.
This is what every company dreams of doing.
The bigger the company, the bigger percentage should be given to the OTC degens.
PCAOB was being completed for 2021 and 2022. It was pressed out October of 2022. PLPL fiscal year ends in June, so the new company can easily get the 2023 audit completed. I believe the new company will change the Fiscal year end w FINRA, along with the company name change. I know everyone is in a rush to get information, but were going to get updates for sure. FINRA had to approve this merger Afterall. Remember Byoplanet was not approved!
FINRA would not approve a Reverse Split.. That is part of the reason Rick bolted.. THANK U FINRA.. NO RS..
True - probably the big difference between this and other shells, and why San Global may have picked this one.
Remember, this is also important. This, in its past, was PCAOB audited.
That is a good question. What we are now waiting for is the actual business model and then the company will release various forms mainly Form4 on insiders. This usually will accompany the preferred issues and other pertinent doc to establish the direct ownerships breakdown. This will encompass the board of directors and others. When this is finalized and the legal aspect of the breakdown the company can then detail the share structure as with respect to reduction.
Have a good day
varok
Interesting....didn't realize that. We shall see. Funny name for the company if that's the case. Maybe something just gets lost in the translation. I know that issue may have been addressed with stervc's post #33750.
If we have the right guy, the company he owns is known as the Fedex of China. He is in the delivery biz, and makes sense we are seeing connection to an import export type operation. This is how big this could be.
If they have assets, giving 20% of the company to a bunch of OTC degenerates is more than generous and borders on insane charity.
Thank you Varok.
In your experience, when you have seen OS's increased substantially in an effort to avert a hostile takeover, have you seen a subsequent reduction in shares later down the line when the threat passes? If so, what would make the threat go away, a significant rise in share price?
Good explanation for the idiots coming on here that are clueless about share structures.
Nice post Varok, appreciated
Good morning,
Allow me to make an observation on the share structure. I realize folks will do their DD and upon the noticed of the really, and it is large, the O/S of 44B. Man that is a real looker when I first noticed it. However, upon further into it and my years in M/A makes sense as well as who is behind this.
Just earlier in the month the share structure was 8B O/S and then a total acquisition of increasing the A/S to 50B and O/S to 44B on the surface may seem to many as in WTF!.
Well folks, it really isn't so bad since the majority or about 80% is restricted that puts these shares out of reach. See, many times when a large concern comes in and initiated takeover like we see here is important to understand that the reason for such a mechanism with the share structure is to apply an insurance safety net known as a mechanism against 'Greenmailing'. Knowing the man behind this will certainly attract Folks to conduct an assertive effort through backdoor applications into a hostile takeover. This is simply a preventive mechanism.
I believe the announcement coming on what entails the merger will be so huge and I'm balancing this with the share structure that it may be so significant that the share structure is a moot point for our ROI.
In the coming weeks we will have an interesting ride through this process.
I consider this in the range of .0005 to .0008 as a nice buying opportunity.
Have a good day.
varok
.
Someone smacking that bid.
$$$$$ MASSIVE SLAPS!!!! $$$$$ -CHEERS!
2 Billion in volume in 2 days so far. Looks like people are loading this to me. As always the insiders load to the gills before retail knows the exact details of the merger. I hope it is the same Billionaire that the prior poster suggest is taking over.
Thanks, great info and opinion.
Stalled out now. Need some news to get'er movin!
Excellent - sounds like we may be in good hands here. I like to watch the daily proceedings like everyone else, but won't concern myself too much with it. Let's see where we are by the end of the year.
To comment on your synopsis about Wang Wei is correct.
He is a very closed mouth individual that has avoided outside money into his ventures and appears things have changed. His large ef- express that he founded was on private monies business he has stated. He is a no-nonsense visionary. He will attract outside sources; His name is alone a huge get.
Have a good day
varok
And now the dump at .0005 followed back up to .0006 and an ask size bigger than before. Classic PLPL.
Grabbed a few, monster volume since friday
Ask size keeps refilling with volume. Same old same old.
Thank you for this post. "Delivery" might explain some of the Twitterverse theories that the company would be in importing/exporting too, with exporting constituting their delivery. If that were the case, I wonder what type of exports we're talking about? It might not matter, so long as there was a big market in that area, but just wondering out of curiosity. As others have pointed out, a PR explaining a bit more about the company would be great, but we're on their time schedule and that's ok.
alstocks, here with PLPL...
I have always respected you as we are in another stock together to where I know you are not a basher. I wasn't going to post here because I didn't want to attract the bashers here that usually stalk me from time to time to clog up the forums with their usual BS false claims about how I'm behind everything in the market pumping and dumping. When I saw you post here, I figured I should respond to you publicly.
I've been trying to see if this Wang Wei is the same guy that is listed within the company's registration that's coming in here in a few places and within OTC Markets. Some spots have Song Wei Wang instead of Wang, Sung-Wei, but I know they are referring to the same person. Some places, like this old article in 2017 referring to the third richest man in China that was worth over $23 Billion, just says Wang Wei:
https://money.com/wang-wei-delivery-man-richest-billionaire-china-ef-express/
Within that article, instead of the word "catering" that's within the OTC Markets filings, they used the word "delivery" within that article of which could be considered synonymous with each other. I'm doing some more digging to try to confirm, but I haven't been able to confirm if it's the same guy or not. Maybe someone else can dig a little deeper than what I can to see if this is our guy that is listed for owning San Global Dining, Ltd. aka Sanjian Capital Co., Ltd., the Chinese name for the company that's coming into PLPL per their filings within OTC Markets.
The new management bought the preferred and 80% of the OS. In my opinion, you don't buy that huge amount of billions of shares that they bought unless you have a huge purpose. That would lead one to believe that they must believe them to have huge worth. There are a few other reasons as to why something pretty good could be happening here. I think if you peruse through the forum, you would read some of them.
v/r
Sterling
PLPL, why did they hire 2 Merger & Acquisition specialists? I have never seen 2 people used. Actually you normally just see the old Shell owner/CEO/Lawyer stay on and help. Why so many people working on this Merger? Must be larger then people think. Tad did say he would go out in in big bang. I guess this is what he meant.
Some info about the new company sure would be nice. Without some decent data, all the volume just brigs out the cockroaches.
Aaaaand we're off to the races!
Thanks for posting at the same time as you normally do with the same nonsense as usual. Very original.
Classic stupidity from one of the more deranged sheep
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