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The real question is what is the cost to have a site wide crash so as to eliminate dissenting posts on a message board?
LOL.
"IR Services include Simulating a site wide crash to eliminate negative posts about your company: Cost $5,000
But 5 Get 1 Free!
2 Free years of premium membership with each purchase."
Not sure if funny or possible legitimate service to be provided.
I would accept a 25% royalty for the first 100 times it's used. So, if you want to do it, I will graciously accept a royalty check.
At this time I do not accept micro penny stocks as a form of payment.
Looks like covering in progress.
Nice to see some follow through on trades.
(Wednesdays posts are gone.)
If this was a popular micro stock I would say that they disappeared on purpose! LOL.
News has to percolate.
It's also coming during a slow time in the markets.
Institutional shorts don't want to lose, so I am sure they are trying to exit quietly.
Hopefully you aren't playing the December options. Because it may take a little longer than normal to see the stock run.
Pretty good quarter.
Looking for a bounce and I am thinking the quick bounce from $30.50 to $31.00 indicates that there are buyers at this level.
Down 13% on a good quarter?
Sometimes there are gifts.
Opportunities like today are the reason why I still trade.
I am pretty sure that old shareholders are not allowed to sell stocks with a "D" added because of previous debacles.
I remember when Scottrade (I believe) allowed someone to place an order on a stock that did a 1,000 to 1 split and Scottrade allowed them to sell it at a pre-split number of shares.
I remember the message board being filled with traders saying that Scottrade was phoning them personally trying to hash a deal.
It's because of situations like that, that many brokers do not allow orders to go through.
I had a broker that let me sell shares in a "D" stock, but that was to keep me happy and retain my business. I know my account actually did said say, 40,000 ABC shares and -2,000 ABCD shares in the interim until the split was formalized.
Well, I guess the intent was to R/S from 7/24
Quite a coincidence that it happened on 10/24
(Yes, I did check posts from 7/24 which indicated the split was going to happen.)
I guess the company did warn shareholders of what was going to happen.
Would love to see this all work out for you guys.
Here ya go:
http://nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=wUIyXnOyO8q2rVC8vpJ7kQ%253d%253d&CorpName=BLACKBIRD+INTERNATIONAL+CORPORATION
This indicates that the A/S is the same as before.
But it also says the R/S happened July 24th ...
I apologize for my words before.
Perhaps you aren't a company rep.
It's just that there is a surprising number of new posters on many boards who seem to only talk about one stock like it is god's gift to man.
No matter what happens, they still don't believe or take into consideration bad news or dealings.
If you are just a fellow trader, perhaps you will stick around on iHub.
If you do, perhaps you will become a little more jaded when it comes to what companies say.
Good Luck in your adventures.
Sidenote: Ori Mayer is an MD ? From what I found he is only studying to be a doctor.
Businessman, Engineer, Doctor must be a smart man or at least have a wealthy family. (Insert envy here. LOL.)
Well, the old retail that bought say for $0.01 before the split needs to see $0.20 to break even.
Many people refuse to sell at a loss and will hold in hope that it rebounds to where they at least break-even.
In essence, an R/S keeps old shareholders in as they hope that the price will go back up and it also allows the company, if they choose to, to dilute shares into the market place with little competition. There is less of a supply of shares (competition) because most current holders are hoping to break even.
Of course, BBRD/SDE/WERPO may buck that trend.
But, the company did have problems selling itself for $10 Million a couple of years ago, and even tried to raise funds through crowdfunding - that seems to have failed - so it is hard to imagine that things look good here.
But, for the sake of people still holding, I hope that it goes well.
It is disclosed here:
http://nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=wUIyXnOyO8q2rVC8vpJ7kQ%253d%253d&CorpName=BLACKBIRD+INTERNATIONAL+CORPORATION
A/S is unchanged at 900 Million.
Now, I know what you will say next.
What about Reliance Partners?
Can't they prove that SDE/WERPO is the real deal?
Well, take a look at the following:
http://www.reliance-partners.com/contact-us.html
This states any and all possible business locations of Reliance Partners.
Now we should check if they are licenced for business in any of these locations.
http://nvsos.gov/SOSEntitySearch/CorpSearch.aspx
(Enter Reliance Partners)
Both say that the business licence has been revoked in Nevada.
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=SV%252bGbangMwKXj1YJDwFENw%253d%253d&nt7=0
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=3veFD%252bLdihbSWPcNzUgWVw%253d%253d&nt7=0
Well, they also have offices in Delaware, right?
When you do a search for Reliance Partners here:
https://dorweb.revenue.delaware.gov/bussrch/
You get 0 results.
Hmmmmm .... that's not good.
Well they also got offices in Califronia ... surely they must have a licence there?
http://kepler.sos.ca.gov/
Reliance Partners (as an LLC)
The company is listed as a status of "Pending Cancel"
"The business entity filed a Certificate of Cancellation without a valid Tax Clearance Certificate prior to September 29, 2006, when the requirement for a Tax Clearance Certificate was eliminated from statute. "
That means they wanted to cancel their business licence but couldn't.
So, we have no proof that the Reliance Partners is licenced for business operations in any state where they have had business in the past.
That's not very good, now is it?
I guess it's time to face some sobering facts.
While I was looking to buy into this company many disturbing things came up.
Here is something that people might want to know:
Ori Mayer is an SDE Manager.
https://www.linkedin.com/pub/ori-mayer/64/414/951
Project linked to Ori Mayer:
https://challenge.toradex.com/projects/building-a-wave-energy-power-plant
Which states the following:
"I’m the project manager that set the goal to build Israel's first renewable electricity plant from wave energy."
So, now we have a representative that states that SDE has NEVER BUILT a plant. Note the date of the posting: 14-Aug-2013
So, now we have heard that the company has never built a plant in it's home country that's a little discouraging isn't it?
In addition, we have have proof that the company looked for funding before and that received a whopping $855 (short of the $1.5 Million goal):
https://www.indiegogo.com/projects/build-israel-s-first-wave-power-plant
Things don't look that good do they?
Also, read the following post about a company that Ori Mayer (and family) worked for:
http://mortgagegrapevine.com/thread/?thread=582041
"Stay away from Blackport Investment Group/Pan-American Fund/ Ruby Gold Funding/ Atlantic Equities/ Jim Parent / Thomas Mayer. Never heard of one deal that was ever funded through them. After taking a small inspection/travel fee they'll then either never return your call or take a larger fee then never return the call, or make an excuse such as the above post that the money is tied up in either Germany or a Hacidic Jewish group in New York."
So, it looks like the story that we are supposed to believe is that the funding would be coming from a group in New York.
People were lead to believe that our company has many operational power plants built with many more to be built.
It seems that we have been conned. Unless of course, struggling to finance and build the first wave power plant is really downplaying that they have 12 already built.
When I was taught to count it 0,1,2,3,4,5,6,7,8,9,10,11,12 but we are being told that this is wrong. The correct way to count is: 0,12,1,2,3,4
Hey at least we all learned that we have been counting wrong.
Expensive lesson for some people I guess.
Yes, I know it's my fault if I bought shares.
(I didn't mainly because there was some blatant dilution happening.)
But, if the company is paying someone to post on a message board, do you not think that the readers of the message board should be told of that?
iHub demands that IRP's indicate their status and disclose certain things, how is a representative of the company exempt from all of this?
It's pretty appalling that the only way this board found out about the R/S is from the FINRA notice.
Why didn't the company PR it like they have the countless other stories about revenue?
What I believe is happening is that someone is selling shares into the market and those T-trades is the covering of the trade.
Basically someone says: You sell 1 Million shares at some price and I will let you buy them for a discount of 10% compared to what you sold them at.
This is why you see trades on some tickers go in below 0.0001, one party is selling shares at 0.0001 and they are buying at some price below that.
I hope everyone is feeling well, regardless of what happens.
Good luck to all.
Sounds like skimming to me.
Basically ...
Let's say you put in an order to buy shares at 0.0057
Brokerage purchases the number of shares you want at 0.0055
After purchasing the shares you want, somehow they are able to sell you what you want at 0.0057
Yeah, for 200,000 shares, that's not a lot of profit. But imagine if you can do that for 20 Million shares a day across many stocks. Even if you only did it for 0.0005 profit on average, that's $10,000. Imagine if you could do it for 0.01 per share?
If you could do that, you wouldn't have to take continuing education classes in hopes of getting a $50 a week raise.
Buyers want to see Financials of the new company. They want to know what the balance sheet, income statement and cash flow look like.
They probably also want the new CEO to say something and not just the old one.
Name change and symbol change would help to.
If this is the real deal, none of these things should be an issue.
Good luck to all.
Looks like many people are disappointed in the lack of clarity from the company and its reps.
Have you spoken to Ori Mayer?
WINK WINK ... NUDGE NUDGE ... Say no more? Say no more?
You guys just need to realize how it looks to outsiders.
I and many others have seen the merry go round act before.
At this point, it looks like a merry go round act.
News and not seeing monster trades at the end of the day would decrease my and other posters fears about what is happening here.
The price is being held down so that people that buy shares don't sell.
Hey, if the shares were at $0.02 more people would be selling.
When people buy at $0.008 and the price is at $0.008, most people don't want to sell, they would rather hold, especially if people are saying it will go to $0.10
Again, telling people an event is coming down the pipeline convinces people that they ought to wait and hold their stock.
How does Dilution happen?
Truth? You mean like saying the deal will close August 15 and then not saying anything until a month later?
So what do you think of the fact that the stock was in a holding pattern and that there was significant trades at the end of the day?
Be honest now.
Because those trades definitely feel like the big D to me.
People have been talking about VNDM being on the ASK, VNDM is a dilutor.
The O/S and A/S may have remained the same, but I think those who were given shares to extinguish debt are likely unloading.
It's also obvious that there is a (or perhaps a few) insiders who somehow have key information before the rest.
I am referring to relatively new posters on iHub. Not emit or powerbattles.
I mean, the company just changed something on their homepage and somehow a newbie caught this before anyone else.
That's rather convenient, yes?
I have avoided the OTC/Pinks as of late because they are littered with these types of companies.
You can read my posts on this forum.
I thought that September 12 brought about a change in the guard. I did buy shares based on that.
The problem is that the trading in the stock is telling me things are not that great and that someone has been letting shares go.
LOL,
I first posted that this looked alright.
I want to make money like everyone else here.
I didn't want to say it, but here it is:
The trading suggests that Dilution is happening.
Actually what is happening is that someone is shorting the stock and they are being made whole. That's why you see those large trades at the end of the day.
The company mentioned that Sept. 30 was the deadline for the deal, suggesting that people ought to buy and hold it past Sept. 30
It's October 1 and the company is silent.
Look, I wanted this to be real like everyone else here.
Today, it looks like it's just another crappy OTC/Pink company.
They told us we have to hold and kept the stock relatively flat so they could sell shares.
Now, is it really the company selling shares?
It seems that the answer is no. But we don't know who was issued those 200 Million shares to clear off the debt.
It's a common tactic to tell others to hold and wait for some news.
Well, it looks like Mr. Nio was right.
Not really surprised by it, to be honest.
Wonder how big the trade that ends today will be.
Guess all of this is working in someone's favor.
Too bad it isn't ours.
WERPO has the same exact letters as POWER.
That's probably a way to market it, when you think of alternative POWER, think of WERPO.
It's a new way to get what you have been using for many years, WERPO is a unique way to spell POWER and with time, WERPO will be the way of the future.
I know it sounds sketchy, but that's marketing for you, sometimes making 100% absolute sense just isn't the correct thing to do.
Not everyone can get the best brand name.
Perhaps the other names that you suggest are too similar to what is already out there.
Well, I believe that what happened on Sept. 12 was either a promo or a group left.
If you don't know, iHub News service for OTC/Pinks has become more pay based. That is someone needs to pay to have the news show up.
What has happened is that whoever was running it here, opted out.
Once, you have been on the block a few times, you get to know the players (whether they say it or not).
It's interesting that those efforts ended and now there is new owners/management.
To be honest, it's hard to say if it is good from a trading perspective.
It seems that previous management/note holders decided to utilize a promo group while new management seems to not want that.
At this point it is just interesting to watch a stock that has been abandoned by a promo group.
The trading action is just indicative of the fact that most stock holders are individuals and that there is no clear group running it.
Anyways, weren't you the guy saying you were waiting for 0.0075 ?
After doing a little bit of research, this stock is at a unique point.
It seems that the crew that was running it on iHub has left the board.
Take a look at what happened on September 12.
People don't understand that recently, news posted on iHub OTC/Pink boards only happens when iHub gets a taste ($$$).
We are at a unique point because it seems that whoever was promoting has left.
It will be interesting to see if another group tries and runs with it.
In actuality, the fact that the group has left may actually prove that there is new owners at the helm of BBRD.
It's all just interesting and only based on ideas that I have.
Kind of following this from the outside.
I didn't know that the share structure already accounted for the transaction.
I thought there was going to be a very large increase coming.
Still not sure what to think of everything here, but that's a little interesting.
Reading the financials, they look pretty decent.
The current report was pretty good.
It's got a lot of institution ownership.
Looking for it to hold $40 and I can trade options off that.
Sometimes trading can be easy?
The earnings report looks pretty good to me.
If you want to be stickler, they are forecasting a 4% decrease in sales.
Down 18% while Net income has gone up 11 QtQ and YtY ?
Well, sometimes you get an easy trade.
Easiest trade for me in some time.
So, some blogger wrote something that is being taken literally elsewhere ....
"-Mannkind Pharmaceutical (MNKD) – just filed a document with the SEC asking for approval of a merger / partnership arrangement – so watch for that stock to move a little on Monday – and then 4 to 6 weeks down the road."
http://rfcfinancialnews.blogspot.ca/2014/07/thisweek-in-barrons-7-13-2014-dont.html
Some people out there actually believe that a company will secretly file something with the SEC before announcing it to the public.
How can people believe that?
Are you guys paying attention?
Seems like someone is slowly accumulating.
So, it looks like most of the longs who bought in are waiting to see what happens in regards to Partnership.
Volume is so low.
Anyways, the stock is trading much stronger now that it's back filled the gap from early June.
Volume Price action seems unusual.
It kind of looks like there wasn't many sellers and the move was a bit of a take down.
The fact that the stock seems a bit weak and the market as a whole seems toppy, and yesterday's Seeking Alpha article was quite bearish, the stock seemed primed for today's move.
Still no response to the NASDAQ though.
They didn't even request the NASDAQ to halt this pending news.
Seems suspicious to me.
Really?
When did they request the hearing?
It could over time crawl to those levels.
The problem is that the company has an O/S (Outstanding Shares) of close to 400 Million already.
Today's action should not be a real surprise and only demonstrates the problem with the risk:reward ratio of holding a BIO stock through some event.
The stock did ramp up after ADCOM through to Friday, but after the formal announcement, the stock is only up 10%
If there was some big hurdle, the stock likely would have collapsed 30% to 40% instantaneously.
Buying today (after the formal announcement) is far better than buying and holding through the announcement.
Yes, it was likely worth buying after ADCOM and selling before the announcement.
The people that intended to do that are the ones that likely had stops at say $10 and got stopped out on Friday.
A number of investors who didn't use stops are likely holding this stock and thinking: "What now?"
Potential large buyers (meaning institutions) want those guys to bail now.
A lot of them have 50 to 100% gains, so potential buyers (who waited until after approval - which is a far better idea in BIO stocks due to the risk:reward ratio) know that some of the holders will be willing to take some off the table.
The reason, I bought on Friday was because of the approval and the price dipping.
Once you know that BIO stocks have crappy risk:reward ratios, it's easier to wait until after some important event and to not guess what said event will be (Approval or Disapproval).
You can read all the stories of people that have been crushed by disappointments in BIO stocks and learn to trade after the event.
And obviously the price is just speculation.
Just trying to see what others think of a reasonable valuation at this time.
There is some speculation about a pending offer of $24.75 out there.
This number seems a little unusual (why not $25 even?).
Does anyone have any thought on this?
I think given where the company is in terms of proving this to market and getting sales from the product itself, I think this might be a fair offer.
Given everything that I have read, I believe that Al Mann would like to sell the company to someone who can bring the product to market.
If this were 2011 and the company had less than a third of the shares it currently has outstanding, I could see the validity of holding out for more.
But, given that the total fully diluted shares outstanding is close to 450 Million, how high can an offer be on a stock with no sales record?
With the possibility that things could go wrong, I think a $25 offer would be pretty generous and would value the company at $11.25 Billion US, given that there would be 450 Million shares outstanding.
I mean, let's say that Afrezza is able to generate $2.5 Billion in sales annually, and like Novo Nordisk (one of the biggest [players in the diabetes market segment) is able to generate a net profit of 30%. That would be roughly $750 Million a year.
If the company was to trade at 20 times earnings, that would equate to a $15 Billion Market Cap.
Given that there is still some risk, it likely should be valued at a discount. A 20% discount would value it at $12 Billion.
(I should also mention that MannKind also has $2.4 Billion (I believe) in NOLs which would likely be worth close to $0.8 Billion itself.)
Any thoughts on the random price speculation?
I mainly took the $2.5 Billion a year from the fact that there are a number of products from Novo Nordisk that generate $2.0 Billion a year. (Actually, if the product generated $2.5 Billion in sales in 2012, it would have been the 4th top selling diabetes drug ... which is pretty optimistic.)