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TCA is bottom feeders feeding off other bottom feeders like Jarnagin family. But you know that already dont you ;)
Just wanted to know why they are selling so cheap.
Whoever is selling at $0.0031 please email me lctiinvestors@gmail.com
Anyone see AXPW today? Here is a NASDAQ Capital Markets traded company with only a $14M market cap. 7M share avg volume, traded 126M today up 375% from $0.04 to $0.19 in AH on positive PR.
So what is the difference between something like this and LWCTF? Simply compliance and transparency. AXPW files audited financials quarterly with EDGAR to comply with the SEC. No secret acquisitions, no secretly closing subsidiaries (Oh what is he talking about?). All PR is filed in a 8-k, not a blog.
What are we hiding from regulators here worth tanking the stock by going dark on the reporting and compliance?
Canadian authorities have nothing to do with this, it is a US OTC stock. If you familiarize yourself with the OTC group you will see that there is no requirement on reporting which is why the stock is still trading even though the company has been "dark" for well over a year now with no filings. This isnt uncommon amongst OTC's.
That being said, yes, it doesnt make any sense. When I got involved in this stock it was because I thought this company was different from other OTC pump and dump penny stocks, and had potential. Normally I would only trade on NASDAQ, but this Co. I thought had the potential to move off the OTC. There are plenty of small companies similar to LWCTF with m-caps under $20M that trade on the NASDAQ. All that it requires is increased regulatory compliance (audited financials on time and transparency). That is the only real difference. It is really a simple thing that many companies do, yet LWCTF seems to be so hell bent on hiding things. Why and what are they hiding by going dark?
Never did I expect the equivalency of a bankruptcy, as that is what a fall from $0.10+ to $0.003 is. In fact I can name you a dozen companies that are in bankruptcy that have been delisted from one of the major exchanges down to the OTC market and still trading volume and trade higher than LWCTF. That is the reality of how bad this is. There are no buyers, and no liquidity. The market cap of this company is barely above half a million, far less than the contracts that LWCTF claims its subsidaries get.
So why tank your own company? Only Scott can tell us that. You cant blame short sellers, this stock has had no short interest in years. Even if he hates the shareholders because they complain on a message board(every publicly traded stock has that), what possible benefit can there be of being the CEO of a $0.003 penny stock that discloses nothing to its shareholders? That must be embarrassing to a degree. Sure they have their appraisal for $180M or whatever from 2013, but from a liquidity perspective, the company is worth less than $500,000 as that is what the market is willing to pay for the shares. There are half a million shares for sale right now for $0.0035 that no one wants. That is kind of hard for a lender or anyone else to ignore. None of that makes sense.
I am sure many of us would help in any way possible if given the opportunity. I spent a good deal of time putting together the Intro information posted above here when I was moderator for this board to educate people.
Going forward, I am not real sure what we can expect. In my opinion this could be turned around with the following:
1. Coming current with audited financials
2. Merging with a company already listed on the NASDAQ. There are websites out there with listings of companies you can buy just to get listed on NASDAQ. Unfortunately the Low Carbon brand and LWCTF ticker are done for as it is hard to move past being a $0.003 OTC penny stock with no reporting or compliance. A complete rebranding is needed here.
3. Spend a few bucks on a professionally done Website instead of a DIY template. Post photos from projects like the mitigation bank to show the project and progress is real. Show company trucks on job sites working on these big contracts. Posting these unverifiable claims of multi-million dollar contracts when you provide either no financials or un-audited financials will always leave people questioning or looking for proof because you just cant trust anyone at their word anymore.
Thats all for my rant now. Good luck to you all, I really wish you the best.
Ooops! Evcarco had its securities revoked today.
http://www.sec.gov/litigation/admin/2015/34-74959.pdf?hootPostID=62b6f51d57dd09a017064943ac61a09d
It only took 2 years, LWCTF next?
Only thing I dont understand is who is dumb enough to still be buying this POS.
Gearing for the next leg down which should punch through $0.20
Dont worry Elon has them covered lol!
I know right, you didnt even have to dig for the info.
So does anyone here actually still believe that they are buying something of value here with these shares? LOL, gosh I miss the old days when the OTC's had liquidity.
TSLA did buy the company, but it has been private for years. These shares do not represent any interest or stake in the actual company. In fact they shouldnt even still be listed. I suspect the OTC market will fix that if the SEC doesnt. I am sure phones are already ringing somewhere.
Good post. This is almost exactly the same situation, except it seems TSLA actually bought Riviera, which is now a private company, and is why there is no disclosure or PR. These shares trading on the OTC here are 100% worthless shell shares.
Because TSLA bought a private company called Riviera Tool, and not this empty shell OTC ticker RLVT. This is worth $0. Just a trading vehicle.
Glad to have the old days of the OTC market back :)
All you needed to know about this shell/trading vehicle was the fact that it is still trading as an OTC ticker even after TSLA made the acquisition, which is not possible. This will be a fun trader for the rest of the day but anyone still holding long when it gets halted or someone from TSLA or the real Riviera clarifies it is all over.
OTC market might just permanently put a stop on this thing since it is 100% empty shell.
Yeah? How is posting questions on their blog working out?
"other board members" would be either his son Brandon Jarnagin or this Gerardo Hubard guy. Lets try to find address/phone info for them.
I dont think the hassle of all the angry emails and phone calls he gets from people who own shares is worth IMO.
Well I dont disagree with you there. I just think it would be in their self interest to improve share price and market cap. Many of these deals they do are in part with shares. For example, Crescendo got 200,000 shares for its services. Well right now thats worth about $1200, and I am sure they David Waldman is about as happy as we are. I believe Ideal Mechanical got some stock as part of the purchase as well.
With shares trading between $0.006 and $0.009 on the OTC limited markets, I am not sure how anyone would accept these shares as payment.
Point being, they are screwing themselves in my opinion by letting their price and market cap decay. It just destroys their credibility as a company being a OTC pink limited with a big red stop sign, trading at sub penny. If I were a business looking for their services, that would be a big red flag in my opinion that they are perhaps some kind of shady outfit.
That would be nice to get back above a penny. I dont think anyone knows when we will see financials or any type of progress. Doubt these guys want their company to be in the gutter forever.
Merry Christmas to you ridge and everyone else. Best of luck in 2015!
Looks like more of the "Company executing its business plan" today. I wonder what insider is selling this time.
Since when do OTC pinks trade in AH? Something is fishy there.
Ok, thought maybe you had something a bit more current.
Where are you getting that $260M number from?
Way to keep on them ridge16. Let em know we got eyes, attorneys, and accountants on them. I noticed they wiped the blog clean. Always save the pages because they often post info and then delete it.
BTW, the address isnt new they announced that some time ago. Its a bit of a joke because the 41st floor is a virtual office.
http://www.servcorp.com/en/locations/houston/williams-tower/virtual-offices/
For $99 a month you can use their address as your corporate address. Just Google "2800 post oak blvd suite 4100 houston tx 77056" and look how many different companies use that as their address.
Nothing here Phil. I am curious to see if they put out the 2014 financials, which would technically be due at the end of this month for Aug 31st year end.
My guess: He is laying low to avoid penny stock fraud charges from the feds. No honest CEO would go silent like this letting their stock tank to sub penny.
Everyone check your private messages. Let me know. Thanks!
Hey guys, anyone here still holding on since April 2013 when they announced the mine acquisition?
Unreal 50% gap almost between ask and bid.
Needs promotion. Not many people here. I'm waiting for some news, can't be silent forever. If they up list it could open on the new exchange at appraised value or book value. Until something happens, it is just getting beaten down by MM's and weak hands panic selling.
I agree. Makes no sense selling this low. Especially during this news/update draught. Fundamentals support over $1, and with super thin float it could run. Book value last year was said to be $1.80.
I have been surprised more haven't taken notice here just because it's such a thin float play and easy runner. With the right news volume of several million would send this through the roof.
The question is if you like loosing all your money in some foreign country with no recourse.
If you absolutely must open a ScamTrader account, make sure you do so with a credit card. You can only deposit a max of $5k that way, but its the ONLY way you will get an account. If you do a bank wire, your money will magically disappear. Unhelpful SureTrader customer service will deny receiving it. SureTrader's bank will neither confirm nor deny the wire transfer and will tell you to contact SureTrader. It seems Scotiabank is privy to SureTrader's game and will not get in the middle by confirming the wire transfer when SureTrader denies it. Bahamas authorities will side with their banks and companies, and US authorities cant help you so you are lost. Its really an amazing thing in this day and age that things are so lawless and crooked. The only thing you can do there is hire a Bahama attorney and sue, which will cost you more money. Most dont and let it go because they would end up spending more than they lost, and who knows what kind of Kangaroo courts they run in the Bahamas. If you simply deposit by credit card, and they dont credit your account you can file a fraud claim with your credit card company and recover your money.
Keep in mind that none of this will help you actually get your money back. Suretrader barely has enough money to stay in business it seems based on this article, so they are not going to let you cash out if they can help it.
http://www.tcnhd.com/hott/news/2014/02/01/bahamas-police-investigate-wire-fraud-against-international-investor/
This is all going to get real interesting in the coming year because all of the SureTrader affiliates like Tim Sykes and Nathan Michaud have pumped SureTrader because they get $100+ for everyone who signs up for an account through them. Never mind the fact that none of them actually use the dumb thing. The inner circle uses CenterPoint. Legally though, they profited from a fraud and are liable and about the only ones you can sue in US court if you got snookered by SureTrader.
Looks like some shorts taking advantage of the thin float walking it down making some pocket change or something:
http://otcshortreport.com/index.php?index=LWCTF
Then again...who knows what the hell is going on, could be anything with this company.
Last time I checked it was about 90% owned by the insiders.
I agree, and would not be surprised if Scott was being intentionally quiet and is the one buying up the shares cheap. I think there is less than 13M shares in circulation, so in the past few weeks he could have picked up 2M of that easily.
Volume is definately interesting. Someone is definately acquiring shares. Whoever is selling doesn't appear to be very smart about it.
I have been watching this stock for about a year. Historically, management has followed through for the most part.
One of their subsidiaries got approved for a Army Corps of Engineers project a while back. Shareholders waited a long time for the approval, which was a regulatory thing the Co. really had no control over, but it did come. I know several people here did the DD and confirmed the project and approval with the Army.
The last acquisition (I believe it was Ideal Mechanical), was another one they followed through on. Just like this LOI from today's PR, they released the PR on the LOI for Ideal ahead of time, and the deal went through. I believe Ideal is the subsidary that has been getting all of these multi-million dollar HVAC contracts.
They also promised DTC last year, and they made good on that this year. Like these other things I have mentioned, they have followed through, but it took longer than originally estimated.
Last year they also stated they would be auditing their financials with the intent of uplisting to a senior US exchange, and hired a audit firm. Earlier this year they released 2011 and 2012 audited financials, which from what I recall actually uncovered additional book value.
Still waiting for 2013 audit and news on up listing.
I agree this is an unusual stock. It is trading far below the book value (was said to be $1.80 I think based on the audit + independent valuation that was done last year). It is also trading below their annual revenues. Many people here have done DD calling these subsidiaries and others to verify information which all seems to check out.
My take is this is a small company. It is 92% owned by insiders. Quite frankly, IMO, they dont care about their stock price. Not much is put into PR or trying to pump the company like other penny stocks. They are making money with these subsidiaries and green energy deals, and they dont rely on selling stock to raise capitol or pay themselves, so what do they care if their pps is 0.017 or 0.17? Worst case is they get a bunch of angry emails from people who own shares. They own most of the shares so no one is going to acquire them on the cheap. If anyone wants to buy the Co out, they would have to go through the insiders and pay what they want.
Yup, need to flush out weak hands here selling so low. People probably jumped because of sudden volume. Once those people get out of the way its nothing but upside.
Up 30% on 1000 share buy. Lots of room to run here, just need the momo.