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Hi!
I know how you feel about POPT. I watch a lot of shells, and agree 95% should only be played for a "pop" on news or rumors. As far as the "revoked" status for POPT, and revoked stocks in general at Nevada, why should the shell owner pay the annual fees if he's looking to get rid of the shell? Let the new owner pay them. I only worry about being revoked if they haven't deregistered with the SEC, which POPT has.
But you are 100% correct, imo, that no one should "invest" in shells.
POPT - REVOKED at NV SOS. Yet another stock / shell I had high hopes for. http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=A68WblwJACdg3ob7YGptVw%253d%253d&nt7=0
Doesn't help too much when a R/S hits. Anyway, this board is not aimed at people like you, who know what they are doing. It is primarily intended to assist newbies and other people who might otherwise get sucked by the hype surrounding shells.
Thats where technical annalysis comes into play. Buy these things at their bottoms.
That only works WHEN THE STOCK GOES UP from the price which one paid. That's the issue here - most never did.
Thats why you use them as short term plays. Any stock down in the pennies are justshort term plays. If you dont know that then you shouldnt be playing penny stocks.
NVDS......you can lead a stock to market but you can't make it sell....SO glad I got out at approx six times the current bid.....
NVDS - looks like another one.....for the sake of the fine folks who are in it, I hope it runs for them.
OWVI - CAN YOU SPELL DILUTION??? O/S was 125,648 after R/S. Today's volume should tell you WHY TO NOT BUY SHELL STOCKS!!!
OWVI - look at the trading the past few days - then look at the long term history - and if you are smart enough to learn, then don't give your money to the shell touters......they can only make money while anticipation runs rampant - because once the merger happens, you are out of luck and out of money.
APTH to BLVI. Trace the history and the PPS and you will have a really good example of why you should NEVER buy a shell stock.
sounds like a plan.
Not angry - certainly not happy, but the purpose of this board is to reduce the number of people being taken advantage of by the wolves.
wow, you are really angry arent you. let it all out my friend, just LET IT OUT!
With the tightening economy, people using an existing shell to start a new company, or turn a private company public, will most likely want to squeeze every penny out of their share sales - and the fewer shares YOU have, the more THEY have......the more money they make, and the more money you LOSE.
amen to that brother!
Do your own DD. Go back and look at some of the shells that people held for months, sometimes years. Look at the pps they traded at before they were sold and became new companies. Look at how many did a reverse split. Look at the price after the reverse split. Do the math - then if you still want to dabble in shells, good luck to you.
None of my posts should be considered as critical of the shell companies - they do what they do to maximize the amount of money they make. Existing shareholders and existing shares are of no use to them - the old company got the revenue from any existing shares.
The way some make money on shell stocks is to get others excited about the stock - similar to a pyramid scheme. Just don't be the last in line, or you will become a bagholder.
Some will tell you to buy shell stocks, because the 0/S is low, or the float is low, or "it is real thin". Beware, the smaller the O/S, the greater risk you could entail. Think about an A/S of 25M, O/S of 725K. Picture the new owners increasing the A/S to 500M, and doing a 1-100 R/S. Just how much of your investment do you think you will recoup?
Many, if not most, shell stocks will reverse split. Usually the price per share will drop after the R/S, leaving the old shareholders with a loss.
Shell owners have no reason to care about existing shareholders. The only way they can make money is by selling new shares.
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