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Anyone know if the price decline has any basis in production issues, or just the result of the fear that accompanies this part of the world? Tough to get solid info out of an area so raught with turmoil. Thank you to anyone with information.
That's great but I think Obama's the biggest scammer I've ever seen. Between MH and O I think at least one of them has a chance of making things better, and it's not the Liar in Chief I'm banking on.
B2B...You bring up very valid points and several questions that need to be answered. Where we differ in our stance is each of our own ability to stomach risk. As you know I have had many concerns over this company for two plus years now and what I finally settle with in my own mind is that I believe MH is doing what he is doing and moving things where he needs to inorder to build the framework for his vision moving forward. I have invested in MH's knowledge of the shipping business and his ability to moves this company to a higher market. If I'm right my payoff will be huge and that is what I want, HUGE! I don't or haven't invested in pink stocks for a 50% or even 100% gain. I want the 10 bagger and I am willing to risk it all for that.
All the questions you bring up are valid and potentially bothersome, BUT they could also be necessary moves that MH is making to work his plan. We don't know. I understand this is a public company and information to shareholders is necessary, but my personal feeling is MH needs significant room to maneuver so that he can bring us to a fully auditing company with putting all the past skeletons to rest for good. As a current investor, I have to be able to stomach this uncertainty and trust that he is doing the right thing. I want answers but I'm willing to wait. THIS IS THE BIG RISK I AM TAKING AND BIG RISK SOMETIMES IS MET WITH BIG REWARD.
Thank you again B2B for your post as it is very valid and welcomed.
thank you!
anyone out there with interest in GSL? Looking for some help understanding the recent fall and where this could be headed. A lot going on in the world today and some events seem to be a bit over potrayed.
today with only 49K shares traded (big drop in pps) relative to yesterdays huge buys and very few sells (minimal rise) completely exemplifies the need for this company to get away from pinkyland and up to a less manipulated platform. JMO
Great post...Captain, how you like them apples?
If I may add my .02 worth. The PR stated such and even though we still do not have the audit, the reason we were given is sound enough for me to remain patient. When a CEO puts out a PR as detailed as this one he is certainly sticking his neck out for future performance. When the Audit does come out and we see all, the most important aspect will be the ability to move forward in a profitable way and eventually up-list. As it stands still risky, but given what I see in pinkyland I must say in my opinion this company looks as good as anything I see.
GM Captain. Your last post reminds me of a bad comedian running out of material to bring to the stage. This PR maybe one of the best we have seen from MYFT and it sure looks like we are on the right track. GLTU
I couldn't agree with you more. I think this stock makes those of us who have been here a long time feel frustrated when it keeps sliding. Little by little the pieces seem to be coming together nicely, and now it looks to be closer than ever to maturing. The gift in this whole thing is that it has taken a long time and some have jumped ship for a loss and now the shares are there for ridiculously low prices. I certainly like what I see.
Let them sleep for a couple more hours while I try and buy up what I can. lol.
Here is my .017 take on the situation. First of all I don't like to see the pps down here and more importantly I don't like the continual slide. It reminds me of 2+ years ago when ANYT went to .018, but remember it then shot up to .25. What continues to be lacking is any information either good or bad. As Lou pointed out the selling is coming from one of two reasons and probably a combination of the both. I am looking at this as a chance to add. I have given into the idea that I am either going to be tickled pink as I laugh my self all the way to the bank or I'm going to hang my head and probably swear off pink stocks forever. Either way I'm all in, well sort of all in, and until I get definative news, I'll just sit and watch and add when it dips. GLTA especially us longs.
Thank you for sharing. My take on the e mail is it is very encouraging. It's when management runs and hides that scares the hell out of me.
I hope so...if there's not, let's start it now. Maybe it will be the seed the company needs to get some news out there.
Good point!
To be quite honest your opinion means very little to me. What I see is All Modes had 60 employees which is a decent size operation, and if they paid out 60 x $2200 they must have had some cash on hand to pay these out. I am interested in MYFT buying up companies that grow the bottom line and to a large extent employee complaining and complaints are very common so a settlement like what you got is peanuts. Unless you have something greater to provide than your "understanding", you're nothing but a disgruntled ex-employee. Your need to "convey" information to us has no factual basis or at least none that you have provided. GLTU.
Given the state of gas prices, companies are even more pressed to be efficient, and what better way than shipping with full loads. MYFT has a great story and with execution this may turn out to be the best investment any of us have ever made.
This could be great news for us as long as we keep buying. Have a great weekend all. I'm off to Squaw Valley to go skiing if you can believe that. They just got more snow on Tuesday. Gotta love Global Warming if you're a skier.
Can you expand on the topic of people were told to sell and buy another? Who is telling them to sell and what are they supposed to buy? thanks for any info you have.
When MYFT gets to the level most of us are anticipating, I would expect the CEO will not correspond with shareholders on a direct basis. With rules that govern a public company it would be understandably risky for a CEO to say something that could come back to bit him. I do think that when this happens the IR people need to do their job and keep us informed. I think we might be seeing this transition phase between the two.
Have a great weekend all. If you can stomach it, tune in next week. One of these days something will happen. I've decided I'm either going to die with my shares being worth nothing, or I'm going to be proven right down the road and enjoy the fruits of my willingness to see it through to the end.
GLTA- even you captain
My point is daily shorting does matter. And we are all fooling ourselves unless we realize the wild west games go on from all sides. We are all trying to get leverage. My belief is MYFT will prove, at some point, to be a legitimate company, and with profits and openness many more investors beyond Ihub will drive the price higher. How high, only time and company profits will tell.
At .25 whatever shares they had, they would have dumped, but I suspect MYFT was not on some great buy list for them so as it rose they dumped what they had. As buyers bought shares it rose quickley, in my opinion do to pumping. IMO it was done with big money buying up shares. The MM's didn't really do anything except let it run and fill orders if someone was willing to pay above the ask. When it got to .25 the MM's were in a position to play the sell high shorted shares, buy them back later at a lower price, and pocket the spread. I think the numbers support this and when the MM's start doing this the lid is brought out and who knows when they will be forced to put it away. MM's hope never, we investors hope that uplisting might take away their advantage. This is all been helped along with the company bringing many more shares to market, but they probably needed to do this in order to move forward with their plans too.
I don't blame them for everything, but there is no doubt the playing field is not equal for all. Most investors given the chance would screw the MM's no doubt if they had the leverage. I'm just saying there is a better way to do things then what we have now.
Very sophisticated and very slanted to their advantage. Like in Vegas, over time the house wins and usually wins big. Occassionally the average guy will make on the up swing, but NO ONE should doubt that we as investors at this level are manipulated by the MM's and are hopeful we can break away from the pinks and make money if in fact this company turns out to be the real deal,as I think they are.
I think a more resonable explanation for MYFT is when it ran up to .25 the MM's saw a great opportunity to make money over time. On a daily basis you sell shares you don't have for .0x and within your legally alotted time to fill requirment you help drive the price down with or without direct help from other MM's (because they are playing the same game) and buy shares back for less than whatever .0x was and you just keep the process going overtime and since MM's have such incredible control (unless some freak, damn near act of God occurs) the MM's are able to keep a lid on it and make money each step along the way.
and if MM's need to fill a settlement for shares they owe, say 100K that they sold for .025, they surely have an incentive to keep the price down so they can buy those 100k shares at less than .025 and make the profit on the spread. Over time if MM's walk it down like this it is manipulation they can control.
even if I take you at face value for that it doesn't change the fact that MM's are artifically able to manipulate the price on a DAILY basis.
Tell me this captain. If through the trading day 1 million shares are traded and 500k are on the daily short. This tells me 500k shares were not available to fill the "need". So instead of the pps increasing to create a situation where people feel like selling (market pressures) the mm's artifically sell 500k and never move the price up as should happen. I know it's a little more complicated than this but this daily shorting is important and used by MM to their advantage. How the MM then get their 500k shares at some point to fill the FTD is unclear and true enforcement is unclear too. Please do explain captain and I look forward to your answer and then researching further to make sure whatever answer you give hold water.
I understand your take on the accredited investors making something for the risk they are taking. Until we know what is going on with an audit we all must try and protect our investment and dilution is a very real threat and has to be weighed very carefully by both investor and management. I think MYFT management is not like the typical pink but we have yet to be shown this for sure. We are on the verge of what I think could be big leaps forward, and I hope we ALL reap the benefits. For every dollar spent by investor or accredited investor I think it should be reasonable to expect that each recieves fair compensation for the risk taken, no more no less, and with audit it should be in the open what each recieves for what risk they have taken. JMO
I have never seen such BS. One million shares bought at the ask and the ask price drops. Please, can anyone explain this to me.
I guess when MM's create imaginary shares they can create an imaginary market and make up their own crazy rules.
MME, there is no doubt in my mind that NSS occurs all the time and from what I see involves billions of dollars industry wide. Being that it is this big you know there are very powerful people involved at many levels to be able to create the ability to look the other way. What can anyone do to stop it? If we think our politicians are going to help, don't hold your breath, they are a huge part of the problem. I'm not sure one can beat this other than to be able to defeat them on a case by case basis. If you have other ideas I'd like to hear it.
On a side note, given that MYFT has allowed many more shares into the market makes it even more complicated to figure out exactly where the NSS numbers stand. Is there anyway to know how many shares are truly out there?
Being that I really don't have a great grasp on all the games and maneuvers MM's play, I can't tell you why someone would be shorting at this level. One important thing for me is seeing a non-retail MM who is involved representing someone with big bucks. If MYFT comes out showing a profit, then an audit, and an uplist, we should be off to the races. This doesn't even take into account any other deals that may be in the works. This all might be a long shot but show me another pink with this kind of potential?
I saw that VNDM market maker was sitting on the ask so I looked them up and found this out. Very interesting at the least given that many feel we are being shorted:
VNDM is not a retail market maker. This means only larger organizations with a large sum of money can use him to buy or sell shares, and some larger organization is using him to short TDGI.
No real people are actually selling. VNDM has picked the wrong stock to decide to attack, and while they might be able to slow this rally down, they will not be able to stop it and will be forced to cover which will only propel TDGI forward
Here's the link to the whole story.
http://stockreads.com/Stock-Newsletter.aspx?id=22640
I'm not sure the audit will do much for immediate pps, but it is necessary and it must follow with some level of profitability and they must show NO MORE DILUTION! MYFT has to then show steady movement to a higher listing platform. It may take months to get there but the first step has to happen and in my opinion soon.
Have a great weekend all. I'm looking forward to next week!!! For me it's going to be the make or break week.
Captain, I am looking forward to the day and hopefully soon where you are either proven right or wrong. I am growing impatient and next week is a HUGE week for me and how I'll look at my investment here. I hope I get to post to you a told you so response. I imagine if MYFT does well you won't be around to get your much deserved public written beating. I think all is riding on the very near future and I am still holding out that MH has and will do right by us.
I am not disagreeing in this instance. I have not agreed with you on much of your take on the future events of MYFT as I still question your motives, but having said this, dilution and a steady drop in pps is all that has been consistent here. I have always known MYFT was a risk, I just thought it was a risk where the CEO was operating above board. We shall see.
A reverse split with prefered's not being effected will be a legal scam if it happens. This is why it is even more important than ever for MH to show he has been building a solid company like he claims and that he is going to protect the common share holder from the likes of a RS.
I hope you're right. I must say for good or bad, I have learned MUCH from this stock and how pinkieland is truly the wild, wild, west. The games that go on are intense and complex. Quite possibly not legal, but that is a hard one to prove for sure.