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It's a scam! That's why it's selling so far from the "buyout price". This happens all the time with pinksheet buyouts.
Does anybody know if once they get on the BB will that awful spread go away? I'm also wondering if certain brokerages will lift the online trading restrictions. They've been a major pain in the ass and have greatly contributed to this stocks lack of liquidity.
It was sure nice to see that PR today. It's about time, huh?
"Major Woody"
I would love to find out who pushed this relationship? Did Conforce go begging to Bayer, or was it the other way around? In a past letter they had said something about Singamas approaching them but they turned them down. Bayer seems like the perfect replacement for the Royal Group's void. Only with somebody like Bayer can they really go global with a product like EKO-FLOR.
"Thank you for your email. We are aware of the Singemas composite product, however, we do not consider their solution to be competitive with ours. With respect to performance, cost and weight, we are confident that their product has not achieved the same level of advanced material and design characteristics as EKO-FLOR. In fact, Singemas has contacted us numerous times in order to evaluate our product for possible representation through their manufacturing system in Asia. We elected to not enter into formal arrangements. Regarding their ability to disclose the identity of their trial customer, with all due respect to Crowley, they are not a highly ranked International shipping line. As such, they may welcome the exposure. Alternatively, the customers with whom we are dealing are significantly larger firms whose decisions can influence the industry. Understandably, confidentiality is important to them. Until the trials are complete and we have been given clearance to communicate the details of our business arrangements, we will continue to respect their requests. From all of us at Conforce, we wish you all the best for the holiday season! CFRI - Investor Relations"
I always wondered what happened to EKO-FLOR for the North American truck trailer market. In the last conference call I remember them saying some developments there would soon be announced, and then month after month passed without hearing anything. So finally something happened. The North American market is huge so hopefully this new guy can use his connections to get some trials going. Man, everything is starting to come into place. Now let's get off the pinks!
I will not ban anybody....even burp
I learned that lesson the hard way. It seems more odvious now which ones are the pump and dump scams...plus, the groupthink on some of the boards is dangerous. I don't think people realize how easy it is to get swept along. I think bashers usually have a good point and should be listened too instead of banned.
Hey Charhorse, do I outrank Cellit? LOL
By the way Cellit, keep up with the good work on the filing amendments...most of us have fallen asleep on that. I do wonder when they will finally get accepted onto the BB. I knew the government would take their time. It always seemed to me that they don't care too much about the pinks..they draw a line on entry to the BB. I think that's where they really try to protect investors. For people who buy pinks it's mostly a buyer beware attitude....the great wild west.
Isn't it funny how the real legit pink sheet companies get no respect...seriously, CFRI filed a Form 10, they are now selling military product with Sea Box, and we now have a billion dollar company, Bayer Material Science, helping to establish our product....and yet nobody seems to care. I guess they are all out promoting the scam stocks. The one thing I know about IHUB is that the most actively posted stocks are the biggest scams.
no balls! Been burned too many times. But good luck anyways.
It also could be just another pink sheet scam. Haven't we all seen how these pink sheet buyouts work? They say it's worth 49 cents but it trades for 14 cents; that's a big red flag.
I remember that, that was one of the reasons I invested in this stock.
Couldn't agree more with your analysis. I've been watching it too, and the more I watch it the more I'm convinced it's a scam.
Does that mean it's gold rush stock still or a golden shower stock?
Only thing we know is they never gag a TA for our benefit. I can't stomach this stock anymore. Good luck to you all. Hope it works out better then AURC.
They might be giving themselves a bunch more shares to dilute our percentage of ownership. When they finally raise the curtain on the OS it probably won't be pretty. At least we know it can't be more then a billion.
If they want to help the price of the stock then the first thing they should do is ungag the TA. That's a big red flag. I don't buy the excuse that it's necessary to have it gagged for this long.
I'm not even sure this company exists anymore! LOL!
It seems like the only way to make money on the Pinks is to first realize it's a scam. That way it's easier to take profits when the pump goes ballistic. And also, try and stay away from the Kool-aid..I have a weakness for grape that I'm trying to fix...
IHUB needs more boards like this...
I noticed how all their PR's boasting about revenues never mentioned who bought their product...that's enough of a red flag for me to stay away.
Is it just me or does our new Secretary look like an ex Bond girl?
I don't think I care whether or not we have a buyout or a merger. What's most important is that somebody is buying the shi-t out of GBDX right now. I'm assuming this money knows a lot more then we do. When we were stuck at .005 a lot people (myself included) said there was know way we would get bought out at 7 to 10 cents a share; we believed that because nobody in the know was buying up the stock. Well now that's changed. Somebody is buying, not because of a PR, but just because they know something is about to happen. I'm holding for more. This company has to be worth more then 7 million dollars. A 7 cent buyout almost seems too low.
Asus, please elaborate. You've seem to be making some good calls lately. 5 to 10 bagger from here? At first I was impressed that it stayed above 1 cent, now I'm impressed that we haven't had a serious sell off. Lots of people are sitting on some big gains yet they are holding on.
Yikes! Those guys make Goodfella's look like choir boys... Let's hope they don't make us an offer "we can't refuse".
What scared me was my experience with CKYS. They had a gagged TA and kept telling us they weren't diluting. Then they substantially increased the A/S "for acquisition purposes". If they could have hid the A/S count from us they would have. So we should keep an eye out for it to protect ourselves.
Is there going to be a party on the GBDX dance floor today? I hope so. I'm ready for the 2 cent twist and shout.
The outstanding share count is what is gagged. I don't think they can ever gag the Authorized count. From the last count the OS was in the mid 300 million range. The only way the increase would be a concern is if we thought they had been diluting all this time to the point where they needed to increase the Authorized count. There's no way this has been happening IMO. The stock can't go up 300 percent if they had been diluting 600 million shares.
Maybe there was a minor error in the previous A/S count and it needed fixing. But honestly it doesn't concern me that much at this point. But keep watching for us. Good luck.
Yea, I just saw that. You're right though. Not sure what it means. I'm just glad it didn't increase by a billion or more. 25 million is almost a drop in the bucket.
what is the new Authorized share count? It was close to be billion.
Please post your source.
Well at least the filed once with the SEC so we know they are serious about getting it done. Unlike most pinks that say they are going to and never even file.
Do you really think there's a suitor buying? I'm thinking it's short covering. If SIB was doing all the buying you would think they'd be over 10 percent by now, and thus would have to report the position. Or is it different on the pinks? Comments? Anybody?
Thanks again for reminding me why I invested here several months ago! I know that getting onto the BB is a big step as it will open them up to getting the non toxic financing. Seems like we've been waiting forever though.
I'm just happy it's held over 1 cent after the big rally. Looks like it's pretty sturdy at these levels.
TGTL get banned? What for? Overpumping? Or cussing in Flemish?
we need to get all our oars in the water!!!cmon now, STROKE! STROKE! STROKE! That's it I can see the 2 cents on the shore!
Do you think it's short covering? I can't believe it's a legit pinky buyout but I'm trying to be open minded. Somebody has started buying the sheot out of it..and with no news.
Makes you wonder?
I think what happens today will be huge one way or the other. If we can stay above a penny that will be a big plus. If it tanks then I will believe somebody was just manipulating the price to make everybody think the buyout is near. I'm hoping it is near...I'm also hoping that it was short covering that happened over the last few days.
I got that same email and thought it was strange too?