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Look at the trade volume. People acting like this is a pump? This is probably one of those weird stock that gained 900% since July from 0008 to 0074 and had zero interest. Thursday was the first time it actually had interest. Unfortunately, wrong direction. Avg volume is 19Million a day. Some day it's at 5M. It's not like it's consistently doing 100M+ with $300K cash flow but PPS not moving up.
SNMN was actually the perfect retail controlled stock. If you have 10M, then you control SNMN. Put 10M on the ASK at 005 and it drop to 0042. Put 5M at 006 and you get your bid filled at 0055. Spread had been thin going up. Just juvenile to be coming to SNMN board and call this a pump n dump.
Troy sucks at PR. I kept saying that. He just sucks. If he was a pumper, then I would be cashing out more in the pennyland than this. WHo botch a 2Billion O/S retirement? 2Billion shares retired and it loss 80% value.
Troy is far from a pumper and 18months history show far from a diluter. ANyone that traded OTC for a long time, should always be aware that Troy seeking $10M for 1Billion shares Reg A was sign of future dilution. No one care then but act like it's end of the world now.
The highest volume subpenny today has 3Billion FLOAT and 9billion O/S but somehow that is more attractive. Traders will said anything. I rather stick to logical fact. B/c 8 years in this and I already hit 7 figure profit with that. Dare I said not many I seen with me 8 years ago are in the 7 figure range b/c of the daily flip or scare tactic trading. That just tiring.
I am beginning to admire you and your opinions
I think they are spot on and so impartial
Keep it up
Great voice on this board with a great sanity check
Balanced views with no to da moon or da to trash opinions
I like that
Since you haven't been here that long, here is the dilution history of SNMN since Troy took over the last 18months +
approx.:
5M in Aug 16
17M in Jan 17
1M in Mar 17
1M in Apr 17
That is it. Acting like there are so many insiders. Why not worry about retail such as myself that have zero avg and holding free shares the last 18 months buying in the triple. Somehow retail buying in triple are not as dangerous as other. You know how many time this stock bounced for 100%+? How many time all of us long flipped it? People scream dilution but it's just retail long lowering their avg while PR comes out. Am I an insiders? I already made close to $50K with this while other people in the red?
SNMN had been doing its thing for 18months+++ Nothing change. There was nothing to hold on to 1 year ago. Just Triple zero lotto.
Anyone see the contradiction? I won't buy this b/c wow it's so bad but if it's few ticks cheaper I would totally gamble and buy back in. The 1.9B is still there. Why take the risk for minor gain? Best invest in company that isn't a risk I would assume. Why waste time on such a huge POS RISK, right?
In other words, the dust is settling and more are seeing float is still the same. O/S will be locked up like just like before. B/c no one was worry when that 1Billion shares was bought up? Everyone suddenly expect dilution right away but somehow buying 1Billion at 001 wouldn't have dilution. Some even think buying 001 will make SNMN go to 0005/0001. However, buying 01 dilution would make SNMN go 05/10 instead of 005/001.
Look at all the contradiction and spending so much time on all that contradiction. All I see is potential PPS will not be 5cent+ like I thought but from 0057 to 01 is doable and a nice bounce from 01 to maybe 015 and settle back to 005 or so.
You forgot there was a huge Dip in Sept too. However, no one seem to care when they bought int at 005+. It dip from 0052 to 0024. This dip was 0052 to 0015 and now it's at 0022. There were base at 004/5 few weeks ago too. Float is still the same as it was few weeks ago. Everyone was happy to get 1Billion shares increase back then which I didn't like much but what a start up company could do? Whole point of stock is to raise some capital for start up
snmn
All the PR was pending the funding. That is given. No clue what is the point of the useless info quoting an old fin. Naughty Girl Donut did get $150,000 in May. That is fact. Spin it however you like but that is fact. They are remodeling the place. You could visit the place if you like. $150k is about right for a shop. I personally never care for the doughnut shop. Long are the one pumping the donut shop like there is no tomorrow.
Of course rev isn't in. Make zero sense looking for rev and last I checked, unless you have fin filing for 2018, then most likely it will be zero.
SNMN
I spoke to Troy over 15 times in last 5 days
I know what his plans are
Out of all the PRs/deals, the Assets still total $239 and revenues are "0".
Who was posting about the CEOs extravagant lifestyle?! How do you think hes paying for it?
This company looks uglier the more i dig. He doesn't even pick good ideas to pump. "Game vodka"?!
Have you read to the older news releases here? Looks like they jump into a new business idea every other month and never achieve anything.
This has all the signs of a pump and dump and the type of people loading the past couple days wont be here longer than the next bounce... In fact i bet the next news release triggers a “sell the news” event with traders and disgruntled longs trying to get out into any rise. It only takes a minute to see the news releases are worthless here, because They dont come true
Does anybody really think these buyers the past couple days are long holders? They’re all traders looking for a quick bounce
Do they have any buyers of the equity offered?
I would think it would only raise the first million. Wouldn't anymore require a penny a share or more? Am I missing something?
CEO royally screwed longs with his billion share bomb. Especially those of us who picked up more shares in .004s and .005s. Lost my shirt here and I don't trust this CEO any farther than I can throw a toothpick. Who knows what the next curveball will be?? Enter at your own risk here. Might consider reloading around .0011-.0014 because I definitely am a gambling man.
there is no TOXIC dilution sometimes some dilution is necessary for thing to fall into place. I'm not so optimistic about this as I once was just want to see how the news works out
There is NO similarity! NONE! And it all starts with a trustworthy CEO! NO similarity in SS... There has NEVER EVER been any toxic dilutive financing EVER... REAL AS reduction to 600,000 mil... OS 473 mill Float 266 mill, and becoming locked by the day... REAL Exponentially growing REVENUES...
SMH...
Lol. Ooooookkkkk
Appears to be a case of SPS...
Nuf said...
Whats also funny is that the way this company is being seen now is that after all the "BIG NEWS" we are waiting to get this may only hit a high of .008 tops.
Other OTC's hit .005 to .01 in one day while were waiting for this POS to hit .01 from .002 now. funny isn't it
The large sellers are likely the insiders, financiers, promoters, consultants, etc that have received shares in the trips. There is no reason for them to hold on to the stock when its about to be mass diluted
They can dump at any price, reload at .001 by buying them directly from the company, then repeat process.
.... and if it drops below .001, im sure the issunce price will be adjusted lower, just like you see with any other mass diluting POS, right?
Wow that's good to hear!
QUOTE
NEWS next week - Huge, Talked to Troy two times
AS Share reduction
MJ deal
Get ready
Nice day and close folks. Looking forward to next week onwards!
1,900,000,000 share offering filed on 10/4/17...
https://www.sec.gov/Archives/edgar/data/1706907/000072174817000689/snm100417253g2.htm
I would agree with that flipper mentality thing if there wasn't strong buying for the last hour. It was pretty solid, actually. Good luck to you, RVW. Have a good weekend.
I thought we should never go long penny stocks? Aren’t they “all” mass diluting scams, per your claims?!
Why do you hate every dilution deal, except this one, which is a 80%+ discount from the price it was trading at just days ago? What makes this dilution better than others?
Why does he need to sell the farm near the 52 week lows? Wouldn’t it be better if he sold moderate amounts as the stock appreciates, allowing larger sums of money to be raised, with a lot less stock being issued? Is this deal an indication of his poor business planning, or something shadier?
When I see a CEO selling this much stock near the all time lows, it tells me that he doesn’t think it’s worth much more than this.
Again, why is this dilution deal so wonderful?! Does it depend on how big of a bag we're holding?! lol
Loooong history of making false/misleading statements.
The best thing here is no T trades
If this was diluted you would have seen ton of T trades
Level 2 on this stock is clean, don't see diluter MM's
No VNDM..
Only retail flippers boarded this bus at 0.004 and many dumped at loss..hence the drop
The base was about to be 0.004-0.005 before yesterday. The question I am struggling with now: this is legitimate or a scam??.
Generate volume and interest. Each has certain exit point. You and me are in a way flippers. Just our target was once much higher and we all benefit. SNMN avg about 6,000 view a day with 19M volume but most time it's just 8M and then comes burst.
Now it's at 30,000 view. $750K yesterday and $140K today. Just back to 1st week of September or so. Volume will slowly decrease and PPS will move up better.
Now we have many that have avg at 002 not 0001. They will want it to move higher. That is one problem with long such as myself netting crazy profit and kind of don't care if it move up anymore. Got all the time and patient while not buying anymore. That mean I am not helping slapping the ASK. Flipper will help slap the ASK.
That is just my view and that apply with every stock. New base and it's not 0001 but 002.
Lol flip away guys, but unbelievable you will have to just start doing it over a penny
what info..Troy talks to all the people
Not just me
Try calling him
Do your DD
why would I hurt the stock..
You guys can call and talk, who is stopping you, if you want to be a long term investor than a short term flipper
I would rather do some DD
Agree. Will join though if we see trips again. GL Gutts always productive convo with you on here.
So whats the point of investing?, it became a flipping stock - very unfortunate.
u r hurting the stock actually by ur claims of having info no on has...
Definitely. I did mention that is the downside to SNMN now. New crowd and mostly flippers. If 003+ is there, then we will see a bunch of flipping. Long term hold is now gone.
SNMN
Good Catch Gutts. Ill watch from the sidelines though. I still don't like the new crowd who entered here. This is the breakout board flipper crowd. 3 months time will be the Q4 report after many of the Term sheets deals are closed and we get a better real valuation of the company. Any major move to the 5s that happens before that would be an act of hype IMO.
Just IGNORE the noise..and temporary DIP
This is going up in next few weeks, nothing is gonna stop this
I just wanted to make sure that those who want to unload are out for good
I spoke to Troy over 15 times in last 5 days
I know what his plans are
Lots of stuff ahead
Just relax and enjoy the ride back up step by step
at 0.002 there is not much to lose but huge upside
Silver?, with this new dilution??..Logic is important.
Yea a bunch of people who came out of the woodwork looking to capitalize on a bounce. Same flipper crowd that chases all other breakout board info. I ran through every every SEC doc with gutts, EB, and Mikey awhile ago. Solid things in the works just shady move here. Propped up on flipping doesn’t give me hope in the short term. Perhaps next year when Reg A cash and companies that are being invested have disclosed their revenues in Q4. That may repair the damage done this week.
You should review the new business plan and what else they sell!
Not just donuts.
Selling low margin doughuts with high overhead (pretty girls)
Ooooh ... oooh ... sorry. A little off on that one.
More buys than sells for the day.
Looking at the filing again, I see 0057 PPS avg for PI. So it's not 01 but 0057 is still very good and they can't even move for 3months.
57% of the total consideration for our outstanding shares, resulting in a dilution of $0.0057 per share
Problem with that is, it already hasn't gotten worse. If that were the case, today it would have tanked, but it didn't. You notice that there are many people still very interested in this stock.
Selling low margin doughuts with high overhead (pretty girls) sounds like a business flop...
How many people really care about pretty girls on the way to work, when doughnut shops see the bulk of their business? It might be cool for a few visits, then it wont matter... and it might turn off a large chunk of their potential customers (women).
... and if they charge more for the doughnuts, to compensate for the high labor, people will eventually go to the cheaper place they go to now.
He does what he says and he wants to uplift asap and he will and we will be in silver then and people won't even remember yesterday. Well the ones that stayed the course snmn go Troy
Here is the reason why someone claim Troy seem very upset:
Investors in this offering will experience immediate and substantial dilution.
If all of the shares offered hereby are sold, investors in this offering will own less than 48% of the then outstanding shares of common stock, but will have paid over 57% of the total consideration for our outstanding shares, resulting in a dilution of $0.0057 per share
Here is where I kept mentioning December/January:
The investors shares are locked up for three month after a public offering and the stock may be sold subject to the volume limitations of Rule 144.
Good I still have time to accumulate then
Their last tweet said 10/20
BTW, wont the CEO have to give himself billions of shares to maintain voting control through the mass dilution?
This OS is going to balloon out of control, fast.
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