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Me too, havent bought a penny stock in years, this looks to have massive potential...100-200x
If you want to trade down
Thanks for posting truth, I can't believe people are still buying this bag of garbage....people....if you buy this and hold it more than a few days you are guaranteed to lose your money....ive posted here on and off for a couple years, but always a new group coming along to hype this pos up....7 reverses, they sold most of their ships (for a few thousand dollars each) for years all they have done is sold shares...people say chart looks good??? Wtf!! From millions per share (pre-split value) to less than a penny....yeah , chart looks great, now is our time.....wtf?? Don't buy this stock people
Incorrect, market makers can post/carry out transactions on OTC/Pink after close
I suggest that they are acquiring financing through shares that show up as T trades in afternoon...you won't know until next report from company, but keep an eye on that 64 million and see if it goes up or not
Do what's right for you, but keep an eye on The trades after hours...like I mentioned weeks ago....today another 200k shares added, which is not a ton, but watch the pattern of shares being added. Even if only one share it's still dilution of your shares
Sure, they weren't diluting back then....the daily T trades after hours didn't really happen....you didn't teach anyone a lesson by getting out...these guys made their money and will continue to...most don't give two craps about investors... I don't need an ego stroke, but that was nice, thank you
What I want is for people on ihub to start being ethical, stop deleting posts that don't share in the pump, the people doing that are no better than these slime ball CEOs
It's there (sub penny), I posted a couple times over the past few weeks that it would continue down but someone is deleting posts as they do here on ihub ...claim "off topic" if it doesn't jive with their pumping...anyway, toxic dilution will continue....warning this post will disappear shortly
I did too....not a good sign when they let a $10 domain renewal lapse thenowcorporation.net .....sad thing is last year I offered to have a website made for them for free...I guess they don't have intentions of doing anything...
Ok, so answer one simple question...VATE bought Elev8 for what looks like a lot of shares but I'll confirm total number before I comment..Elev8 was just a start up, no trademarks, no licenses, no products, no sales, no staff....so my question is - What did VATE buy?
Be mindful that they are running the same shell game here as was done with KGKG...."retire" shares while adding shares, look for T trades after close and that will confirm they are diluting...retire 275 million shares??, you just opened....they are "retiring" to invoke a spike in price that shares can be sold into, make money by all means, not hating on anyone making money, just be cautious....any kgkgers from over past two years know exactly what I mean
The question would be, where did money come from to pay off debt holder, they say no new shares , but the reason the price can't get and stay above a penny because selling shares is exactly what they've been doing for last year and a half....they don't have enough revenue coming to pay employees, pay down debt, pay rent/utilities, but they keep throwing out PRs about how well they are doing and no new shares, but the filings don't support it..... where is money coming from KGKG? You've added over 300 million shares in a year through convertible debt , but you never mention it......
I took a small position yesterday and will wait and see as well, I agree could go a couple ways. If it dips hard to .01 I'm gonna load , if it starts running I'll just wait and watch. Intriguing to some degree....Have never seen a stock go from over .50 to subpenny in a week even after going bankrupt, so even if diluted , not enough volume to warrant a 99% drop last week. Should be interesting week with this one
Hope it runs for you guys, I got out the other day , company never responded to email so I'll just wait to re-enter until they do something decisive....But even without that hope you guys get a nice run :)
After 7 reverse splits in 7 years, I can not share your optimism or any optimism about FREEF
One of two things happening:
1. They are gonna push it to .0001 then 10000:1 split it to a dollar
2. They are holding on reverse because they are under investigation....How many people you think have complained to SEC over 7 years?
I think the one guy (think his name is Robert) as I recall from last year, is a promoter/assistant for multiple tickets, however, from what I gathered he is not a principal of NWPN...He owns rushforstocks.com , but is just a guy passing on info and possibly an advisor. To me , with such a small structure, even if they never got the pot thing going, the ticket is a good candidate for a reverse merger by another entity. The guy I emailed with last year isn't listed on main site now other than email (info@rushforstocks.com) think about it, entire float can be locked down for about $30,000 based on what's being held by just a few people, I doubt more than 13-15 million shares available for purchase now....And we are only at .002....Even if they were selling terds, based on share structure I would probably buy shares ha ha
OK email sent I'll let you know
No, but only because I didn't email them ...I'll hit them up right now
Not sure what platform you are using, but check your "positions" or "portfolio" and make sure the # of shares you are trying to sell is equal to or less than the number you own
I haven't tried in a few weeks, I can and will let you guys know what they say
Continuing to add a few each week, based on 21 million float (which seems to be the real #) , up to holding 6.3% of float now, not gonna throw a big amount at it, but will still pick at it here and there, 1000000 at .002 ask may provide a ceiling for a short bit ....(kind of funny to see 5% of float on ask ha ha ....thought about trying to pick at that but new years resolution is to not spend too much on OTC stocks ha ha :) once news hits, I expect an easy 5 - 15 bagger
Part of the tanking in price was because up to a few months ago, company was essentially defunct..I personally had about 2 million shares and dumped when I found nothing was happening...I have since bought back because they are actually moving forward....Even if the float was 5 mil (which I don't believe it is) a rise from 5 to 21 million is nothing in the world of OTC....My only point is that I spend time looking for tell tale signs of dilution/toxic financing etc with any OTC stock I buy because 99% are toxic poo....None of those signs are present here, only reason I sold before was because if they were defunct, bid support would dissapear....Time will tell, my past experience with low floaters says, buy-hold and enjoy the ride when buyers come in
Please explain rise in float you are referring to? Since March last year, everything I have found says 21 million
It's only a matter of time, people accumulating and holding, if most just hold tight , .01 plus is easy....Company not dumping shares, so no dilution to worry about...Even if they didn't follow through with everything, it would still be a reasonable shell for someone to reverse merger into.....That coupled with super low float, a big run is inevitable in my opinion
Traded on US exchange you would think they would hault it atleast to investigate....What they are doing is criminal so you would think....7 splits 7 years, but you read what they put out, says one or more reverse splits, so they are allowing for multiple now so they don't have to keep announcing meetings....Freaking scary!!! If it's legal, then I want my own shell company ....These guys have dumped roughly 2 billion shares over 6 years from $2.00 down to .0004....Think about it, that's millions of dollars and they refuse to stop
Exactly....These guys could care less about shipping anything....They are making fortunes on this reverse split scam....I know they've been reported to SEC, so you would think they would intervene?
I'm just throwing a couple hundred at it every other week and gonna just keep accumulating and waiting...This is one I don't want to not be in (I know that's a double negative ha ha) but once news comes out, this is one you will have to pay a premium for, say news comes out after close or something, with such a low float you might be in the 100-200-300% premium on ask side just to get in), if 21 million in float, the whole thing could be bought for about $40k right now, imagine a heavy trading day....
In my opinion, it was just someone who had accumulated a couple million shares and just needed the money...it happens, plus it's Christmas , we should recover quickly
Theres been no indication of company selling at all....for months....they are authorized up to a billion shares....pretty sure they didn't wait till almost 4 today to just unload $3000.00 worth :)
Look at last SEC filing, special meeting coming up, 12-22 I think, they will approve anywhere from 2:1 to 10000:1 reverse...they are scum bags, they'll do max (if you don't see it, lemme know I'll get a link)
I have to believe that most of the available float is now locked up, huge spread between bid and ask is usually an indicator of really low floats, couple that with lack of sellers and buyers, seems everyone is in a wait for news stance and most of available is spoken for, once it hits if most hold tight to shares this could go ballistic :)
Price holding tight? No offense but it's 6 ticks away from no bid, couple more weeks 10000 to 1 reverse split.... looking for a tax loss, freef is a sure bet , this year or any year...it is truly amazing (not saying you) that anyone can try to even make up positive statements about freef
You can not short this stock
What's going to get company going?
Nothing
They need to be delisted
If you're so sure only 270 mil, call transfer agent tomorrow.....you might be surprised (if you get an answer) what you find....and I don't mean in a good way
This is dilution plain and simple (coupled with flippers trying to time this before it dies), FREE will exhaust all authorized shares prior to splitting again....they have nothing to lose....this is seventh split in seven years....these guys are getting rich while people just keep pouring money in, it's crap now,was crap at $2.00, will be crap again after 10000:1 split.....anyone really think they will do any less than max reverse???? They put the "range" in their to provide false hope....freef = SCAM
No doubt, just need to shake this case of "spreaditist" damn this thing is thhhhhhhiiiiiiinnnnnn
Freeseas is a share printing company now, not a shipping company....vote won't change anything for them and they could care less about running a legit business, they have diluted billions of shares over last 7 years and 6 reverse splits with another one coming...play the lotto, your odds are better
That report sux....they've had all year (with non hemp and hemp product) and clothes and haven't sold $3000.00 worth??? And every report says "majority of increase" due to restricted shares, or elev8...why won't they list all the shares they have dumped? Atleast 80 million added to float since earlier this year first time I bought in...didn't make sense, I could set up a lemonade stand outside of a crack house and sell more than 3000 over 9 months....(but we want to be transparent to our shareholders) wtf are they doing all day long?