Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BLUE SKY BREAKOUT COMING!!!! LOL
Even Madoff's people got a lot more.
What were the average pay-outs on this sleazy fraud? I didn't lose much, I assume that payouts were totally dependent on losses?
Do these non-marginable stocks ever payout on class action lawsuits? I got a check last week on LBSV after providing evidence of my transaction with that stock. Probably the scam money is long gone on this one.
I got a notice of a class action lawsuit against LBSV. I went to my Scottrade broker, he provided the evidence of my trades in LBSV and I got a check a couple of years later for just under $300! Something is better than nothing.
I could never get a straight answer from the Scottrade office on unmarginable stocks. The guy said that due to margin calls some of their clients ended up in the poor house though, I suppose there are cases where the send a collection agency after those who owe them money.
Never trust major advertisers on the business and other channels, Geico is the same way, bad advertising there must be something fishy....
Commission/Fees Interest Amount Avg Price
12/12/2013 12/12/2013 KATX STOCK RECEIVED: 24 SHARES OF KATX $0.00 $0.00 $0.00 No
12/12/2013 12/12/2013 .KATX STOCK DELIVERED OUT: 24000 SHARES OF .KATX $0.00 $0.00 $0.00 No
12/12/2013 - .KATX KAT EXPL INC REORG FEE $0.00 $0.00 ($20.00) No
On Scottrade it says they charged me the twenty for the reorganization fee. I called them and said I was going to report them to their attorney general, they said the phone call was being recorded, oh for quality assurance purposes of course!
It's dead as a doornail, isn't it? At least it can't suck more money out of us!
Scottrade charged me $20 for a reorganization fee on this scam stock, is there any recourse to these scam fees?
Did anyone have any luck reporting the discount brokerages to the SEC and their allowing customers to be scammed by this stock??
I used Scottrade, does it do any good to report them to the SEC on failure to advise newbie clients, or reporting them to the state AG?
Well, my TD account just became worthless because this problem company was the last one left in there....And when others say it was "greed", heck, I actually thought this one had some potential.
They may let it run for a bit. But in my experience they will just dilute and run to the bank with their lottery winnings.
I wish there was upside potential there, as I was also sucked into SMNG. No response from Lowtrade may be he is being kind.
Also there is irrational exhuberance at the KATX site. Once again, they can dilute all they want to fund whoever and no one has recourse. As the judge usually says to the defendants after trial--"good luck to you".
"We are a development stage company with limited operating history.
"We are an exploration stage company with no operating history in the mineral exploration field. These two factors make it impossible to reliably predict future growth and operating results. Accordingly, we are subject to all the risks and uncertainties which are characteristic of a relatively new business enterprise, including the substantial problems, expenses and other difficulties typically encountered in the course of its business, in addition to normal business risks. We face a high risk of business failure because we have commenced extremely limited business operations and have no revenues. We were organized in 2006, have not earned any revenues as of the date of this Registration Statement and have had only losses since our inception related to the drilling and exploration of Handcamp. We expect to continue to incur losses well into the future. There is no history upon which to base any assumption as to the likelihood that our business will be successful, and there can be no assurance that we will be able to raise sufficient capital to begin operations, that we will generate significant operating revenues in the future or that we will ever be able to achieve profitable operations in the future. We face all of the risks commonly encountered by other businesses that lack an established operating history, including, but not limited to, the need for additional capital and personnel, and intense competition."
Nothing special here:
"There may be future dilution of our common stock and current shareholders will experience immediate dilution.
"If we sell additional equity or convertible debt securities, those sales could result in additional dilution to our shareholders. Our recent acquisitions of properties involved the issuance of a substantial number of shares of our common stock. Future issuances of common stock as consideration for future acquisitions will cause such shareholders to suffer dilution."http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8545356#BVIG_S1_HTM_RISKS
Skepticism X1000 is the best rule with pinkies.
Look at what Kevin O'Leary was saying this week on gold mining stocks: http://www.forbes.com/sites/kitconews/2012/05/09/kevin-olearys-cold-hard-truth-on-gold-investing/
But the penny mining stocks aren't even in the leagues he is talking about.
Run don't walk away from those pushing penny stocks.
I have kept my shares that have cratered into oblivion like all the other bs pennies that go through the same cycle of pump and dump.
His arguments are non-sequiters, that because gas may go up his company will succeed. Does not follow, folks, I wish it did. It's like saying an exploration level mining company will strengthen because the precious metals are going up. Highly speculative.
Thanks Lowtrade for your analysis!
From management it looks like people have been paid in large volumes of stocks but have not been able to cash in heretofore, so when they do that may well affect PPS.
Hi Lowtrade!
The 10Q was issued by VIROPRO last week. Looking for an unbiased assessment of it, which to me does not look good:
http://investing.businessweek.com/research/stocks/financials/drawFiling.asp?formType=10-Q
"We will require substantial additional funding in order to attain profitability; our facilities in California and the UK require expansion to be able to bid for more important service requests. We expect 3.9 million dollars will be required from end of 2011 to March 2012 to upgrade the Malaysian operation to the cGMP certification; from there, the first client contracts will not immediately generate cash flow and continued cash deficiency is expected to continue until the end of 2012 requiring an additional 1.5 million dollars. We nevertheless believe we would have available cash to fund our operations at least through 2012 based on our current business and operational plans assuming new financings and collaborations are entered. Our capital requirements beyond that will depend on a number of factors, including cost of new technology and development programs and additional personnel costs. Further, these requirements may change at any time due to technological advances or competition from other companies.
"We will continue to explore and consider new opportunities for funding our operations and activities through business partnerships involving our knowledge, human resources and intellectual property, as well as selling equity securities and possibly borrowings from financial institutions. We cannot assure you that adequate funding will be available to us or, if available, that it will be available on acceptable terms. Any shortfall in funding could result in our having to curtail the services we offer.
"We expect to continue to incur substantial losses through at least the next two years and may incur losses in subsequent periods. The amount and timing of our future losses are highly uncertain. Our ability to achieve and thereafter sustain profitability will be dependent upon, among other things, increasing cash flow from service agreements, generating economies of scale from central purchasing procedures, a general increase in business undertakings from increased exposure of both our streamlined services and work synergy. We believe this synergy can be generated by constant exchange of information on work procedures between our operating subsidiaries."
The company had this to say after the PPS dropped:
Management’s comment:
Wednesday, February 8, 2012
In light of yesterday’s trading in the shares of the Company, Management would like to comment on the current state of operations:
- Return to full disclosure status remains a priority and to this effect, management expects to file before the end of the current month the 10-Q form for Quarter 2 and 3 of 2011. These are the only two remaining forms to be filed to resume full disclosure status.
- Company is still involved with Spectrum Pharmaceuticals as per the Press Release of January 2011 however, as per the agreement, it cannot disclose any information to public for the time being.
- Company is still focused on implementing its award winning business plan and a public announcement updating the investment community will be produced shortly.
Management is not aware of a particular event that produced yesterday’s trading activity.
What is the truth, here?
Anyone who thinks this turkey will fly is dreaming. I guess HDOGTX has moved on as moderator from EVCA.
Mr. Sanders really duped a lot of people with his folksy, Texas accent. I think he said his kid trades penny stocks, maybe the kid cashed in big time while the company went down...
Wait until "Shark-tank"-style investors come in and make take it or leave it offers for the company in the form of capital for large percentages of operations:
"Liquidity and Capital Resources — Material Changes In Financial Condition and Longevity
"As of March 31, 2011, the Company had a working capital deficiency of $508,835 and $71,676 in cash. In April 2011, Viropro received additional equity infusions of approximately $600,000.
"We will require substantial additional funding in order to attain profitability; our facilities in California and the UK require expansion to be able to bid for more important service requests. We expect 3.9 million dollars will be required from end of 2011 to March 2012 to upgrade the Malaysian operation to the cGMP certification; from there, the first client contracts will not immediately generate cash flow and continued cash deficiency is expected to continue until the end of 2012 requiring an additional 1.5 million dollars. We nevertheless believe we would have available cash to fund our operations at least through 2012 based on our current business and operational plans assuming new financings and collaborations are entered. Our capital requirements beyond that will depend on a number of factors, including cost of new technology and development programs and additional personnel costs. Further, these requirements may change at any time due to technological advances or competition from other companies.
"We will continue to explore and consider new opportunities for funding our operations and activities through business partnerships involving our knowledge, human resources and intellectual property, as well as selling equity securities and possibly borrowings from financial institutions. We cannot assure you that adequate funding will be available to us or, if available, that it will be available on acceptable terms. Any shortfall in funding could result in our having to curtail the services we offer.
"We expect to continue to incur substantial losses through at least the next two years and may incur losses in subsequent periods. The amount and timing of our future losses are highly uncertain. Our ability to achieve and thereafter sustain profitability will be dependent upon, among other things, increasing cash flow from service agreements, generating economies of scale from central purchasing procedures, a general increase in business undertakings from increased exposure of both our streamlined services and work synergy. We believe this synergy can be generated by constant exchange of information on work procedures between our operating subsidiaries."
https://research.scottrade.com/qnr/uploadhandler/z02a70f0azfcde8cd7e28b486eaafdf9460d9836c6.htm
All I can say is that if you are speculating in the penny stocks you have to have a better plan than the experts, don't rely on chat on this board only. People have wisely said that those who put large money into these stocks are "certifiable", not far from the truth. You have to baby sit these stocks not like the big ones.
I chewed out a TD customer service person last night that they offer nothing in terms of real analysis on non-marginable stocks. I have reported my brokerage to the SEC and will be following up with FINRA. They watch you lose $$$ while they laugh all the way to the bank!!! You should be able to get analysis on an hourly charge basis. I had over $50K in my brokerage accounts. They are now under $5K!
You have numerous people who were paid in stock shares who have not been able to cash out yet. What do you suppose will happen to the PPS when they do cash out?
To me they are just setting up for a bigger sting, just like most every other penny stock.
Just read the 10Q for crying out loud and make up your own mind. If VPRO has no prospects of operating in the black for years, what do you suppose will happen to this stock?
I regret I ever listened to those bozos who said this was the best stock on this board. They should be ashamed of themselves, you reap what you sow!
http://investing.businessweek.com/research/stocks/financials/drawFiling.asp?docKey=137-000109690612000168-265703KP22C2P9TQARM9QRJ9TP&docFormat=HTM&formType=10-Q
"We cannot assure you that adequate funding will be available to us or, if available, that it will be available on acceptable terms. Any shortfall in funding could result in our having to curtail the services we offer.
"We expect to continue to incur substantial losses through at least the next two years and may incur losses in subsequent periods. The amount and timing of our future losses are highly uncertain. Our ability to achieve and thereafter sustain profitability will be dependent upon, among other things, increasing cash flow from service agreements, generating economies of scale from central purchasing procedures, a general increase in business undertakings from increased exposure of both our streamlined services and work synergy."
This plus the notice via email a couple of weeks ago that investors who were paid in stock shares were prevented previously to sell the stock, creates serious doubt as to its viability. Stock PPSs are based on confidence in the companies' ability to make money and be solvent, not on abstract notions of how great they are positioned moving forward.
Have seen these promos numerous times before. Check out the charts for GNXP and TUFF. They both topped out around these levels and then cratered. Has Tim Sykes weighed in on the current promotions yet?
This is not good news by any means. It sounds to me like a call of distress as they look for investors with deep pockets to help payroll their continuing operations.
We will continue to explore and consider new opportunities for funding our operations and activities through business partnerships involving our knowledge, human resources and intellectual property, as well as selling equity securities and possibly borrowings from financial institutions. We cannot assure you that adequate funding will be available to us or, if available, that it will be available on acceptable terms. Any shortfall in funding could result in our having to curtail the services we offer.
We expect to continue to incur substantial losses through at least the next two years and may incur losses in subsequent periods. The amount and timing of our future losses are highly uncertain. Our ability to achieve and thereafter sustain profitability will be dependent upon, among other things, increasing cash flow from service agreements, generating economies of scale from central purchasing procedures, a general increase in business undertakings from increased exposure of both our streamlined services and work synergy. We believe this synergy can be generated by constant exchange of information on work procedures between our operating subsidiaries.
I have never used drugs, pal, have you?
No serious business board would have such an avatar as a moderator or semi-moderator.
Agreed. It will be do or die in the next few weeks.
BTW, "ismokerocks", your stage name here, i.e. as a crack-head is really a bad joke that may have been funny for the first fifteen minutes.
The penny stocks take a long time to pan out. When the PR comes out in the next couple of weeks, we will probably be in much better shape.
SPPI is doing very well, a good company IMO.
Thanks, so he did not deny the content of the newsletter/email?
Market capitalization is 34.8 million.
SPPI's market cap is approaching 1 billion as it continues to gain strength.
Translation is as follows:
Hello dear shareholders Viropro.
I would like to take this opportunity to wish you a very Happy New Year 2012 filled with happiness and health.
For those who have already sold their shares, please email me back with "Option A". See A stressed a little lower.
The year 2011 was very interesting to Viropro and now our latest financial statements have been filed, we can now look ahead to 2012. By cons, these financial statements have been filed with a lot of delay, which had the effect of delaying the registration process for a market other than the Pink Sheet. Therefore, we still can not make our actions with a broker to sell. As you know, because we are listed on the Pink Sheet, there is almost no more broker who accepts our certificates. It is at this point, impossible to sell. I do have three proposed solutions (B, C and D) for you and ask you to give me your choice by replying to this email as soon as possible. So I need to know your decision as to the processing of your actions, let me explain.
A. You have managed to remove and sell your shares and you hold no more. Please, please return me a reply to this email to me stating simply "Option A" and in this way, I can remove yourself from this email list.
B. As I mentioned in the past day or we are listed on another market, our problems are solved and we can sell our shares through any broker. This process should be initiated by Viropro long time, but because of the delayed filing of financial statements, we can not think of being listed before another 4-6 months minimum. So you can wait for the company is listed on another market and sell your shares drop and through your current broker.
C. Canaccord had been in the past, who accepted our certificates, but they accept them more, either. By cons, there is another Canadian broker that can accept your Certificate, but under certain conditions, I warn you, they are not for everyone. You must open an account with that broker and deposit at least $ 300 000 in cash or securities and the share of U.S. securities (Pink Sheets or Bulletin Board) should not exceed half the value of the account. In other words, if you want to deposit $ 40 000 of Viropro (eg 1MM shares at market price at the time of your deposit, take 4 cents for the purposes of this example), you will need to deposit $ 260 000 in securities listed on other than a Pink Sheet or silver. If you want to deposit $ 150 000 of Viropro, it would drop $ 150 000 for other values ??and if you want to drop $ 250 000 of Viropro, you should drop $ 250 000 in other values. If you are able to meet these requirements, we will send your share certificate and give you the name of the contact person to contact in Montreal. They have no branches elsewhere in Quebec and Montreal.
D. You can also request to sell your shares as quickly as in the coming weeks, they will be sold through a European bank that accepts these securities. All this will be done openly and Canadian tax agencies, it is not a tax haven. It will be up to you to declare your transaction in your tax return because the other party will provide information to Revenue Quebec and Revenue Canada. So you would commit tax fraud by not declaring it not on your side. This is good news and bad news is that the Bank keeps 15% of the amount of the transaction as a fee. This includes 15% commission fees. If you opt for this choice, we will send you a contract stating that you accept one. to make your actions on behalf of a third party, 2. to give the order to sell at a given price (or the bank and no one will dictate to sell the shares at any given level, it is your responsibility because it is as if the person acting as broker, while it is in fact your dealer) and 3. to receive the check for the amount of the sale less the 15% fee. By the way, the company guarantees that everything will be done properly and that no one will escape with your actions, they will be replaced. By cons, this process must first be checked with the legal advisers of the Company to ensure that all is well in line with various applicable laws of the various self-regulatory organizations and others. If you decide to proceed with this option, you will have to turn around your Certificate after having signed on the back and received a Medallion Signature to guarantee your signature. You can get this stamp (inset) with your bank or even better from your broker. Please note this is not a signature guaranteed by the bank (green stamp), but a signature medallion (yellow stamp) nothing else. I warn you, it's very hard to get people in banks do not know that and you should insist they do the research to their respective brokers.
If you have further questions, feel free to come back to me. I am very sorry of these setbacks, but as you can see, I made every effort possible to find the solution in the circumstances, but it's not anyone's fault if the brokers have all decided at the same time not to take the stock certificates listed on the Bulletin Board or Pink Sheet. At least the good news is that the company has transacted and continues to be traded over the value of your initial investment, let's see if it will continue ...
I await your instructions (Options B, C or D) as soon as possible. For those who want to keep their actions now and wait as a registration on any other exchange, anyway I would appreciate a reply with option B.
Looking forward
Anyone have Finra's report on shorts on OTCs like VPRO?
I would always keep in mind how subject to manipulation most speculative stocks are. An individual or a group of them can build confidence and then dash it later in an orchestrated raid. Remember China Media Holdings? It had a top auditing company supporting it and it went down big time after Muddy Waters raised some questions. And there are the usual suspects promoting bear raids, our good friend Tim Sykes and his cohorts. Even gold suffers such attacks by powerful wealthy people. Nothing certain but death and taxes and those who make a ton, have to pay more.
There was a short window of opportunity. The total market capitalization is actually quite substantial which speaks to the investor confidence here.
Does anyone have the current Finra report on shorting of VPRO?
Where do you think we are heading, from Category 1 to Category 5, with a possible Blue Sky Breakout???
Where do you think we are heading, from Category 1 to Category 5, with a possible Blue Sky Breakout???
VPRO continues to maintain 4 cents plus into the New Year.
GLTA!