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BigMeech
I couldn't post where you mentioned.
I did email the information to Jim's lawyer tonight though.
I have some screen shots stating how much Jim appreciated the investor and a Powerpoint from IBGR web site.
I'd hope Illegal Burger stay in the merger or our shares forward to a new Illegal Burger IPO; but my trust is no longer here.
Upon my advice a friend put in close to $70,000 and he's close to retiring. Now with the market being down he's facing a depressed retirement.
Do you think it's legal to say you are ready to do something. Then get it approved. Then sale stock for two months? Then abort?
By the way during that time mention on your web page how important investors are and later remove the statement. (which I have a copy of)
Anyway I've reported to FINRA and looking for a lawyer.
The illegalburgerco.com web site no longer mentions the merger.
No communications are coming out.
I'm trying formal actions.
http://www.finra.org/investors/investor-complaint-center
Grounds for the complaint. CEO approved sale of stock prematurely and appears to have severed ties with investors.
I tried to contact Jim's lawyer twice with no replies.
I checked with the stores and they are open but Jim N. wasn't there.
Name change but same symbol. I have no idea.
Your link still shows the symbol is still IBGR.
What do you think will trigger the next level of price jump?
Unless we hear about people actually franchising or the next store I don't expect a price jump. Otherwise we would be seeing some pre-buying about now.
It looks like all of the first round buyers have their coffers full. Now we wait for the second generation of buyers to take us to the next level.
It looks like the management is pretty set not to sell below $1.00. IMO it's time for a new baseline of at least $1.25 and preferably $1.50.
Agree -- manipulation --- Must be that McDonald clown from the competition.
Hey -- Whoever just sold 500 shares for .66. I would have given you .95 like the person I just purchased a 1000 from. Ha Ha
By the way you can buy them back for 1.25 for the next sixty days.
Would anyone like to speculate on what the price will be after the new store opens? I'm thinking $1.25 to $1.50.
O wise one what must Jim do?
There is a shield in place in case someone wants to dump 100 shares at a stupid price. Do you know anyone who would like to dump a 100 shares again for .90?
Closing in on 100,000 shares owned.
The only thing I think the Cramer guy ever taught me was pick a stock that was the leader of it's peers. I tend to do steady by day trading large caps and nibble them with an average about 0.75% each trade. I rarely freak out and take a loss while on a downturn. (Done that twice before an lost 10% once and 15% once.) I never day trade penny start-up companies or bid down on them. They need an investors support to mature.
My past logic was allow up to 10% in high risk penny stocks.
Phar was a high risk stock but there was some gut feel to it. For sure IGBR is very low risk and I'm adjusting strategy to go above 10% of portfolio like our peers. For sure I will not go over 25%.
I've already got 60,000 shares from the Phar shell and recent purchases. Fortunately going to 100,000 would still be a small part of my portfolio. It would still not be a greater risk than our peers ratios of ownership.
For sure I'm closing another slow penny stock to put about another 10K in this one when prices here are fluctuating. I will not be low balling the ask price to obtain more shares, thus dragging the price point down. I've not done this on any of my purchases on IBGR.
I was there when Phar was IPO too and even drove by the original building every day going to work for a long time. I've also a successful strategy for trading over 18 years. The survey and it's summary was for potential new investors in IBGR to give them encouragement of 100 years collective thinking. I was thinking how sweet it would look as an endorsement on the Illegalburgerco.com investors site.
I'm for sure diverting 10K from another penny stock to put here if price drops occur. I'm not going to bid down the asking price of the stock though. My most recent purchases were at asking and a couple pennies above.
I may also divert another 30k from a large cap fund. Part of my decison came from our recent survey showing we collectively have close to 100 years of trading experience and think this is a slam dunk.
What volume would it take to get your interest? Do you believe if a product is good "they will come"? I'm considering adding another 40,000 shares. Our recent poll says people with close 100 collective investing years rank this an excellent investment for short to long term.
I'm curious what percentage of your portfolio are you willing to invest on this winner?
I'm curious the amount of collective investing years this group has and how we rank this stock for opportunity on a scale of 1 to 10. 10 = slam dunk winner.
I have about 18 years trading and place this one a score of 8.
I'd like to total all of our years and average score.
I left a message on the investor page at illegalburgerco.com to encourage the treasurer to put up some volume to attract big players. You gotta figure most sales are currently from the treasurer. No rely have been sent.
A response to who sold 100 shares at $1.08 this week
Ha Ha Ha Ha Ha
Ditto Ditto Ditto
We have i-pad i-phone i-tunes etc.
Welcome world to i-bgr
I agree $20 is easily doable. My prediction is 3-5 years though.
At 60000 shares it was sweeeeeet. $1.72 is close to where I think it should be. IMO the price is currently being set by less than 20 active traders. If that many. In order to cast a vote on price we need to keep some up for sale with a personal safety margin. I'll commit to keep 1/10 of the shares we own up for sale at my safety margin of 20% for the next month.
I also emailed IBGR and asked them to put up some volume to attract bigger investors.
Who sells 100 shares of stock for a loss?
I agree there is limited supply and I suspect that is keeping prices low too. Hence a one day post of a lot of shares at high prices may get the market moving.
I have no plans to actually sell since the price I've listed is no where near the current. To me this stock will be $20 dollars within the next five - ten years. It's part curiosity and part about casting a vote of what I feel the price should be. It's about all of us for one day casting a vote of where the stock should be.
I just posted 10,000 shares for sale on Friday at 20% above what I think they are worth. An associate is doing likewise to try to set the bar for supply and demand at level 2. I'd like to see if we have a voice in the price this way and invite you to participate.
I'm not asking what you think the price should be in this discussion room forum. That could come across as a block of people plotting to price fix. I'm trying to create a vote in the actual market place for one day by listing what we think the price should be.
Actions speak louder than words.
On 6-19-2015 I plan to let level 2 traders know what I think the stock worth. I'll post 10% of my shares at 20% higher than we feel they are currently worth. I believe stock values are set by by the masses of sellers having a presence OR absence from the trading floor. I also anticipate very few of us are currently having any influence on price growth.
Hope you feel the same way.
Have you ever noticed that Illegal Burger is a subsidiary of IBGR on their web page? I think Jim has some big plans and great ambitions.
I was anticipating breaking $1.20 this week.
What are you doing to get the message out to IBGR investors?
-- I've contacted numerous magazine journalist.
-- Shared with post on LinkedIn.
-- Convinced a friend to buy a small truck load of IBGR
-- Shared with other of my Investorshub.com stock sites. (including competition )
I have two penny type stocks. SZYM is recent for me from my brother in law's recommendation. It looks likely to be a great investment.
The other I'd like to share with you that we feel is about to explode is IBGR who plan to compete with Shake Shake. This could go from $1.18 to $4.00 in a flash and even push $20 as they go to 20-30 locations opposed the current 3 since 2013. Please do a little DD and leave us a post on IBGR chat room with your thoughts.
It's so nice this chat room has become entirely positive. Opposed to the days Howard crashed the previous company into shell.
3 million credit line obtained.
http://finance.yahoo.com/news/illegal-restaurant-group-inc-ibgr-161800833.html
It's good that Jim mentions non-impact on shareholders. This should boost stock price $0.5 or more. IMHO