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KERX still blowing up - over $9
All The Best
KERX continues to blow up huge - over $8 now after close of 3 bucks on FRI!
KERX hit over 100% today on previous day's close.
Up nearly 350% from when I got back in from NOV.
All The Best
KERX is going to blow up huge today.
http://investors.keryx.com/phoenix.zhtml?c=122201&p=irol-newsArticle&ID=1778277&highlight=
All The Best
Good news, CHARLES!
All The Best
Wow, FIRSTMIKE, you've been drinking the "flipper kool-aid" I see.
KBLB never made it to the .02's like I thought it would, but I accumulated a lot of .035's recently in DEC/JAN.
Haven't posted for a while but have been trolling the board. I have no expectations other than selling high and reloading more on the dips.
All The Best
Getting back after a very long day and catching up - left the house 19 hours ago.
Just for the record, my post regarding the highs and lows of how SMKY has traded this year was intended to be neither a condemnation nor an approval of SMKY's trading history.
It was simply an observation without any ulterior motives attached. Knowledge is power.
All The Best to All Here
Interesting Trading Statistics from SMKY for YTD
http://ih.advfn.com/p.php?pid=historical&symbol=SMKY
Single Day Volume Under 100k shares
Lower close - 25 days
Higher close - 39 times
Close same as open - 69 days
Single Day Volume Over 100k shares
Lower close - 30 days
*Higher close - 23 days
Close same as open - 1 day
*However, 11 of those 23 days have come since 8/13
**You can take from this "tidbit" that either SMKY has been trading this last month as an aberration to a pattern, or that SMKY is beginning a new trend. I'm sure we will have plenty of discussion on that one.
Here are the facts about how SMKY has traded this year:
1. 71% of every trading day there will be less than 100k volume.
2. 56% of every trading day that the volume was over 100k, the PPS closed lower than the open.
3. Out of every day that SMKY had a positive PPS reaction (closing at or above the opening PPS) 82% of those days were on low volume (below 100k).
4. On low volume days, the PPS closed lower only 19% of the time.
I'm not a statistician, but I find it helpful to know how a stock trades.
I am positive, however, that this is only a simplistic view of how SMKY trades, a more accurate description would include how the PPS moves throughout each trading day. End of day paints (either up or down) can distort the figures.
All The Best
FWIW, according to the TA on 9/5 the SS was as follows:
A/S 200,000,000
O/S 112,680,253
R/S 71,606,685
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79251882
I called them that day and asked.
All The Best
The SMKY PR was distributed through Marketwire and certainly available to all markets. It was posted as news when I researched it on my Scottrade account.
http://www.marketwire.com/press-release/smoky-market-foods-creates-wholesale-distribution-company-recruits-two-retail-foodservice-otcqb-smky-1698314.htm
New money will most likely be needed for further increases in PPS as most longs here are about tapped out, or at the very least have become quite "topheavy" in SMKY during recent weeks.
Of course, the general rule of thumb of posters on IHub is "the one doing the yelling is probably doing the selling." Very few penny players have the patience which investors have; a two-week hold seems like eternity to them because there is always the allure of the next "big play" that they are missing out on.
All The Best
Just trying to make a little common sense of today's announcement without getting too carried away.
1. The restructuring of SMKY places a great deal of importance on the new President and COO.
2. I would not expect these men to come and work for free, this is Eddie's brainchild and vision, not theirs.
3. It appears that they already have very strong connections - vital for any sales force/distributor.
4. They have a lot of experience - about 75 years between them - to navigate the best business course for the company.
Many of us here can validate that the product is very delicious - the success story comes in actually being able to move the product. It appears the addition to the management team has the "know-how" to solve that problem.
This PR seems to validate the hopeful speculation that financing actually IS coming.
Why would these guys make a commitment and leave their (I am making an assumption here) well-paid jobs to come to a company that is struggling financially unless the financing is on its way? I mean, who leaves security for insecurity - especially in this present economic condition we find in our country?
All The Best
Don't know if it is the same person, but I found a Jeff Carrick on LinkedIn who was a district manager for US Foods.
US Foods is the 19th largest private company in the U.S. with more than $20B in annual revenue.
If it's the same guy, he must have a lot of connections
All The Best
Looks like flippers may be getting out at the dime
Look, we all know that speculation drives the market for stocks - ANY stock. Because I averaged down considerably during the summer, I am happy to see new buyers coming in - regardless of their personal strategy for making money...as long as they are not using P&D tactics and disseminating intentionally false information.
I don't expect someone who saw SMKY on the 'wires' to have read every filing (now, I think they SHOULD, but that's just what I try to do so I try not to be surprised). With the small float we're going to see some volatile swings in PPS - both GOOD (higher) and BAD (lower) until something substantial happens which creates a higher floor for the PPS, i.e. funding.
This can still get into the "teens" before any substantial news, which is anticipated and certainly not guaranteed.
Again, the SS from filings:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8168980
Just taking a peek today, nice movement - I want the bid to keep creeping up as well as the ask, for the sake of stability.
PIANO, I haven't even looked at L2, but I would imagine the seller sold at those points on the way up and then dumped the rest of what he had for what he could get out of it.
Just a pure guess out of what normally happens. Since the other positions were sold on the way up, it didn't matter the last bit that was lower because it averages out well.
Who knows.
All The Best
Wow, Dave, I just caught up on some posts on The Wave board - we'll be sending many prayers your way! It was, indeed, a blessing that Aliangel was with you.
God bless, friend. I'll be talking to you soon.
All The Best
Nice day, I would love to see it keep going nice and steady before a hopeful explosion upon anticipated news. Hoping for the very least to get back up to the .50 range so those who feel "stuck" may be able to get out with a little profit. I'd like all to win, here!
Have a great weekend, all.
All The Best
Well said, GUNDERSTONE.
First, I am not an employee of Smoky Market Foods, I am only a shareholder. Although I am trying to be a larger shareholder at appropriate times, I am weary of being asked to give support for my position. It is unnecessary. It is not my job to defend the company or directors.
Second, the CEO has much more knowledge than I do concerning the financials, investors, employees and the importance of the timing and coordinating all of these pieces of information for the best possible effect for the company. So, I'll leave it to him to make the PR and not me.
Third, premature information may only prove to be false, may be miscommunicated, may be unreasonably attacked or may be incomplete - thus exacerbating an already volatile situation.
I am buying more on the personal expectation that financing may be attained. I now give that financing even longer odds, 9:1 for $3-4M and 20:1 on enough financing to make the first acquisition. However, I choose to buy more shares based on that assumption.
Lastly, I personally don't feel like posting all that I have read just for the perverse pleasure of seeing it be torn apart.
All The Best
Congratulations, friend, you certainly have made a strong, bold statement.
I agree, just a slight pause here while flippers dump their shares - the standard rule in Pennyland is to look for the 100% and get out.
It would be nice to see a solid move upward for a week and then get the anticipated funding news.
All The Best
FARRAGO, a well-presented post! As a stockholder, my initial reaction to a "new" business plan was one of disappointment. However, the more I examined it - and now, especially the more that it has been refined - the more I see that these steps are necessary if SMKY is going to succeed.
MALC, thank you for reminding all here that one should never ignore the facts. The filings & TA do paint a very dismal picture right now. Every couple weeks that we wait on financing news seems to increase the odds against SMKY & Eddie.
ROBIN, I agree that it is probable that ALL meat products will increase in price - not merely beef but also pork & chicken - because of the drought. However, SMKY is not the only company which will be forced to increase their prices, this increase will be felt across the entire market. The outlook for SMKY is actually better than many other food companies right now because their focus is mainly on salmon...for some reason the drought has not really affected fish...
******
I must admit that SMKY has been positioned perfectly for the classic Pennyland move to lead sheep & pigs to the slaughter. Each day it is completely possible that the CEO is leading the herd closer and closer to the cliff. Being fully aware of that possibility, it has been difficult buying more shares here this week - but I have.
But the very fact that it has NOT happened at all gives credence to the character and integrity of Eddie & Company.
I see the red flags and acknowledge them, but after investigation I am still counting on this long shot (which gets longer every couple weeks) of funding to be acquired. No guts, no glory.
All The Best
CBM & FARRAGO: I find myself agreeing with both of you...if that is even possible.
In my own trading, I ALWAYS go by the filings on the float number or the amount recited by the TA. ANYTHING can happen. As reported:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8168980
Well, SNRY becoming a public owner of Arava Power may not have worked too well, either. The government of Israel has effectively killed any solar power progress with their constantly-increasing regulations. Seems like a theme repeated all around the world.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000771916
IMO the only definitive information in the entire letter was the location of the new lab.
All of the rest seems to be "lawyer-speak" to me. I've been wrong before, though. But I'll probably wait to double down in the .02's around October or November.
All The Best
CYBER, I would have to agree with that assessment.
I do not mix faith and investing/trading.
I am only relieved that the amount of the toxic financing has not yet become insurmountable - yet the hole from which SMKY needs to climb back out of does not need to become any deeper.
I hope you're wrong too. The odds are that you are not, time (or August) will tell.
All The Best
Well, I remember the SMKY board exploding a while earlier regarding the matter of "liquidity" and its causes.
One item which has become a fact, SMKY IS much more liquid this year than it was last.
Liquidity has increased, even though the pps has dropped.
As you can see, last year's real jump in pps came in July when the stock closed on July 1 at .099 and closed on July 29 at .31.
So many OTCBB stocks trade so much differently than "normal" (try to figure that one out in the last 5 years) stocks do for various reasons that many trading rules only partially apply.
Take, for example, the adage, "Volume precedes price." In "normal" stocks - that is true. However, we all know a general rule of basic penny stock trading is when the volume jumps AND the pps drops - someone is dumping shares. In many cases, it is the company dumping them during a paid promo.
In the case of SMKY, the shareholder who has bothered to contact the company has been informed, in a general manner, the source of where shares have originated as they hit the market. Even so, the pps has taken a real beating and is now sitting in a crater.
Those who believe that financing is on its way see these prices as a great buying opportunity. I happen to be one of them. I established my first position in May/Jun last year averaged around .06 and when we got into the .30's I remember reading many complaints from those who did not buy early enough. IMO the run last year was based purely on hopes and speculation of what COULD happen.
From my perspective, this gives me a small model that SMKY has a real capability for another run. I am expecting this next run, however, to come on financing news and will begin to create a strong platform where the pps will be established on a much stronger foundation.
Of course, the risk is obviously there if the financing does not materialize. I basically decided that I would rather kick myself for losing money while taking a chance for a tremendous potential profit than kick myself later after the pps increases and I lost the chance to make a great profit because I was afraid to pull the trigger.
We all have to play it the way we see it. Hopefully August 2012 will be a replay of July 2011.
All The Best
The proper amount of financing put to proper use should provide an infrastructure for a sales team and a contract with a strong (reputable) PR company.
A product with a taste as fantastic as SMKY - AND being able to be competitively priced should be an easier sell for a capable salesman.
The sales force must target the customers while the PR should target more investors.
Yes, you're right. Just signing a deal is not enough, though.
All The Best
Well, one of the first rules of investing in stocks is to cut your losses as much as possible. So that temperament in stock trading/investing is more of a help than a hindrance in the long run.
As a side-note, I wonder what odds posters give for SMKY financing to come through? While we pass the time during this 'silent period' I would be curious to know.
I would have to say about 7:1 for $1M in financing and 20:1 for enough financing to make the first acquisition.
For me, that is what will make the expected announcement all the sweeter. When/if it comes, I will not necessarily nitpick all of the details (initially) as much as I will rejoice at the momentous occasion.
All The Best
That's fine, friend. You can think whatever you wish, and you may very well be right. The odds are in your favor, anyway. I am just banking on Eddie being able to beat those odds.
I apologize that I must not have been clear enough in my response - I did not think it needed any extra translation.
I do agree. It is now a moot point, anyway.
All The Best
Thanks for the compliment, MALC, but I'm not nearly as smart as some may assume me to be! I mean, after all, we are here in the OTC markets - 'nuff said, lol.
It would not be appropriate for me to give names of specific individuals with whom I have had private conversations in a public forum.
Perhaps we can agree to call this a "split decision."
In general, I agree the "public" was not standing in line for the PS offering - but then SMKY is characterized as an illiquid stock because basically the general public is still unaware of Smoky Market Foods. With completed financing I would expect this to change. A group/individual with deep pockets would require greater visibility of this stock, which would increase liquidity.
However, specifically I am aware of enough individuals who were seriously considering participating in the PS offering. I realistically think that $1.5 million could have been raised - had the offering not been withdrawn.
I know that we are all looking at this from different vantage points, but from my perspective it was an opportunity which was revoked - not a proposal which was snubbed.
All The Best
All of us can speculate, but I can certainly tell you from my own personal point of view that the PS offering was not cancelled due to a lack of interest. I have had conversations with a few others who were investigating the offering as well.
True, volume has been very weak the last few trading days - but I do not consider that to be unusual. Along with many others I bought a lot more shares in the .02's and .03's because I considered the shares Asher were selling to be 'discount shares' to me.
I'm waiting on what I expect to happen - news about a considerably large amount of financing. At minimum, much more than what would have come in through the PS offering. I am planning on financing that is strong enough to make the first acquisition.
But...we'll see.
All The Best
Hello, CASPER311. Yes, I have removed SNRY from the "my stocks" listing because I have been disappointed, much like everyone else on the board, at how the filings have delayed the merger/acquisition. I didn't want someone else to think I was promoting it at its present stage.
I had put quite a bit of money into SNRY in anticipation of the R/M in June 2011 and I almost doubled my dollar amount averaging down in early May of this year.
Since I cannot be around my cpu all day, I had placed automatic sell triggers just to break even and when the promo came and we bounced to nearly .15, those triggers hit and I got back my total investment, actually I think I made a couple hundred bucks out of the many thousands I had invested. At that point I was very disappointed that I had sold and thought I had lost a great chance to earn a profit.
However, when I heard the Wellfleet was no longer involved in SNRY, I chose not to get back in and to stay away. They were the main reason I was involved in SNRY in the first place.
I am still very interested in the developments here and am pulling for everyone to make money on their investments. With a float this small, it is entirely possible and not outside the realm of possibility.
All The Best
Some background links for Michael Rich:
http://en.wikipedia.org/wiki/Equitrac
http://www.corporationwiki.com/Florida/Boca-Raton/michael-rich/50881490.aspx
http://www.corporationwiki.com/Florida/Boca-Raton/michael-rich/67357084.aspx
http://www.corporationwiki.com/Florida/Boca-Raton/rich-consulting-inc-6312198.aspx
http://www.corporationwiki.com/Arizona/Phoenix/michael-rich-P6870038.aspx
http://findarticles.com/p/articles/mi_m0OQD/is_12_7/ai_n9479913/
http://www.internetnews.com/asp-news/article.php/783091/Net2Phones+ADIR+VoIP+Buys+NetSpeak+for+48+Million.htm
All The Best
Just catching up over the weekend, thanks for all the good points of discussion.
By the way, there shouldn't be any complaining from SMKY detractors about the speculation over the recent 8-K. You should be delighted that the CEO is no longer posting clarifications on the board.
All The Best
Thank you, I am very aware of the fact that production was halted recently, not necessarily due to quality but to overhead.
I try to read every single filing and any facts negative or positive to be as aware as I can be of what is going on. I would think it would have been unwise for SMKY to continue with production when the price exceeds what the market seems willing to pay.
From memory, I believe Mr. Feintech planned on the first $1.5 million of any financing going toward firing up the ovens again and establishing a sales force. That should begin revenues again, but not necessarily profitability.
The first acquisition, if I remember correctly, should decrease the overhead considerably to place SMKY product at a competitive price - which should, in turn, be a great asset to the sales force. In addition, the acquisition itself is already profitable and should increase the bottom line of SMKY itself. At this point, I expect to begin profitability, although the financing will take some of that off the top.
Personally, I would expect that IF the financing comes in to accomplish these first two steps, the financing will be slightly easier to obtain to make the next steps and those acquisitions - since the bottom line will be much healthier than it is now (which I agree is pretty anemic). The financials are not really a surprise to anyone who has been following this stock for a year or more.
This is what I am banking on: financing to make the first step, then each could/may get a little easier. Yes, I agree, those are some pretty big steps. I just became a grandpa last week and I was remembering how long it took for our kids to begin to walk. But once they did...they were in to everything. SMKY has been trying to get its legs under him for a couple years now, and IF he can get those first steps made, I'm thinking the company will begin to move fast and strong.
All The Best
I disagree with you, EDDY2, but respect your opinion; after all, that's what this forum is for.
However, I have seen many scams in Pennyland and never posted "Ha!" to a single person I thought was being duped - BEFORE or AFTER they were scammed.
SMKY has a real product and IMO a genuine CEO with a bold and daring business plan. It's sink or swim time for SMKY and I am planning on doing the backstroke, myself. It's a daring move I am making and I am banking on management to come through.
All The Best
Thanks for the honest response, sir. I like lining up all the different scenarios to examine them and run the numbers. I'm a terrible prognosticator myself, but it is vital to me to have a written plan for every holding.
All The Best
MALC, let me repeat the question to you which GUNDERSTONE asked...
No, I haven't. But I have seen before what is going to happen to this board this week - and it'll get pretty wild and ugly.
All The Best
Part of the whole short system is to deny any existence of shorting on the OTC. The "usual" way is to ask someone if they personally can short penny stocks.
Even though there are ways to do it individually, that's not the norm - it is people who work for institutions who short.
And there are plenty on IHub involved in it.
RETIREEARLY got me into this stock and I averaged my SBFM around the .17 level. I sold out at the end of last week.
Been reading the board for nearly a year but rarely post.
All The Best