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Hope you are pretty young...... Don't see how this ever even sees a nickel with only four or five ships. This looks like another FREEF to me, with one foot in the grave and the other on a banana peeling. Had a good move today, tho. Hope for you guys it keeps up.
Talking about their ships, Scottrade says they have nine ships, their website only lists five. I went back a year on press releases and could not find where they sold any ships. What happened to the other 4 ships?
goodbye......time better spent elsewhere.
Just wondering....you're about the only person posting here.
Do you actually own this stock, and are upset about it's drop, or are you just bored and want to find something to rant about?
I mean,l it's an open board for all opinions, and even yours is welcome, but other post readers, like me, should know if you are a concerned stockholder or not.
Your 'handle' is "long time observer' so I'm assuming you are just a very critical 'observer' and not an actual stockholder.
I got in today at $4.17 (only 2,000 shares).
I see you're not happy. According to Scottrade, they supposedly have a book value of $140.00 a share, and equity to debt is 2 - 1. Is that correct?
The whole industry is in the crapper. Too many ships chasing not enough merchandise... It may take a year or two, but things should get better here. They are still purchasing new ships so they must feel they will be able to ride it out. You, though, think differently, right?
Got in at .375 and HOPE to get out tomorrow at .35, or lower if I have to. Bought a ton, so the loss of just a few cents a share is going to add up. Better to get out now than be out .10 or more just a little ways down the road.
Should have checked this one out a little better. Got in because of the $2.02 book value, but the more I look at this I think it's a cooked number. Their debt is all short term and note and bondholders aren't going to let them off the hook month after month as they've been doing forever. This looks like it has one foot in bankruptcy and the other foot on a banana peeling.
And don't want to spend another $20 with Scottrade for a reverse split 'reorganization fee' or whatever they call it. I know it's not much money, but I just HATE that charge. They push a couple keys on a keypad and charge you $20.
There's actually a few profitable shippers in this industry. Will put the money in one of them. One actually pays a dividend. OSB, I believe.
Thanks, Toxic. Glad everyone's not mad......
Several of the under $1 ocean shipping stocks have had boiler room spikes recently, EGLE and others, only to fall all the way back or almost all of the way back.
Hope that's not the case here. Hope it keeps going for you guys.
Yeah. The reason is I retired and moved from Indiana to Texas. I guess a well intended warning didn't go over well here.
Sorry. Will POST NO MORE and make you all happy.
I'm an ex-bookie, and there's a famous saying in sports betting: "If it's appears obvious, it's obviously wrong."
A lot of hyping going on here.
Be careful, guys.
Out .0132. Nice one day ride from .0063. Will be back on pull back.
Now don't get me wrong, guys, but I've been thru all this sub penny cheerleader boards before.....
I recently bought 1/4 million shares at .0064 , (a piker amount according to what all you guys claim you have), so I'm all for this stock doing well. I bought it because of the apparent book value of $7 +. Information I have is they have about 9 vessels at the present time. A thing I'm not crazy about here is they have an outside source actually running the business.
It appears to me there could very well be a 1 - 100 (or something like that) reverse split coming eventually. Serious money rarely ( VERY rarely) drifts into sub penny stocks. I don't have a huge stock account with Scottrade, but it's a bit over 100k and I've learned the hard way to limit the sub-penny section of my account to a max of 5%.
I ran across this will searching for other ocean shipping stocks, which all seem to be close to a bottom here, suffering from a worldwide temporary (hopefully) economic slowdown and too many ships chasing a diminishing amount of merchandise.
Anyway, I'm in. Many of the stocks in this sector can certainly go belly up, so, in my opinion, it's a little safer to be in several at these low prices than put all your eggs in one basket.
There's usually a pretty good reason why a stock goes from a historic high of about $10 to sub-penny. When the real reason finally shows its face it's usually too late for guys like us.
Anyway, good luck to all here. I won't bore any of you anymore with additional posts.I know posts like this are seldom popular......
This is a POS. Another reverse split coming, probably by the end of June. I ran across this while looking at GNK and SBLK, both hurting, but both also have turnaround possibilities. NOT SO HERE! This is the absolute WORST looking stock I have ever seen in over 50 years of investing. Anyone that would buy or own this has certainly not did ANY due diligence and should certainly consider mutual funds instead of stock picking.
I'm sure this started out many years ago as a legit business, but it's certainly being run by either crooks or lunatics now.
Don't think this will be another priceline.com. Amazed anyone could even imagine that. This will soon be just a bad memory.
This is a scam, like most of the sub-penny trash. You'd have a better chance buying a lottery ticket than putting money in this POS.
NEWFL just had a 1 -300 reverse split in May and it's selling at .0036. Good luck with that one. Looks almost as bad as FREE, with one foot in bankruptcy and the other foot on a banana peeling.
Why not one like SALT, that doesn't reverse split like all these BS stocks mentioned on this board.
And SALT actually closes higher quite often, unlike FREE and NEWFL that almost NEVER have an up day......
I don't know how you guys can 'flip' something that almost never goes up........I don't know that I've ever seen a stock worse than this one. Only found it because I'm checking out and buying depressed ocean/river shippers.
Wouldn't dream of touching this POS.
Good luck here. You'll all need it.
SALT is a much better buy, and it doesn't reverse split every other month.......
Yes, it did, but it came right back down a few days later. Don't expect another spike like that again for quite a while. I wasn't in it at that time.
Don't think it's dead. Book value of over $15.00 a share, debt to equity .4/1.
May take a year or two, but there will be a turnaround here. This could easily be a 10 bagger IF you're patient enough and ride this out. My only concern is the coming reverse split. It will take many months to overcome that decision in the mind of 98% of investors. Aside from bankruptcy, reverse splits are the second most unpopular thing a company can do in the eyes of investors. But it usually has to be done to retain listing requirements, so it's a bullet we have to take.
20% dilution due to new financing isn't popular, either, but when your back is against the wall keeping the company afloat is corporate directors and officers first and only concern.
When you start reading about ocean shippers selling ships for scrap prices you'll know the turnaround is near. Meager world economies together with an overcapacity of shipping vessels don't change overnight. Anyone not willing to hold on and ride this out should be investing in another industry. Many of these shippers won't make it, but EGLE should be a survivor, with over 90% of their stock closely held by either funds or corporate people. The total publicly held shares, about 8 - 9 million shares, almost all traded Thursday, so all the weak hands should have been washed out. A slight turnaround should take place tomorrow, maybe a couple of cents or so.
Scottrade shows FREE with a book value per share of $336.84. Now, if that's true, I would consider this the most undervalued stock in the world. probably.
After the reverse split in early April (according from what I've read on this board) I might nibble a bit here, but no more than a grand or two. I hope the RS is 1 - 200, but I don't want to outrage everybody here.
"Directors should move this to OTC, let it crash........."
I would say any stock that has went from over $1300 a share to .018 in a years time has ALREADY crashed, and then some.......
I'd still like to know how a stock can lose over a million dollars A SHARE in a single year (like FREE did a few years back) and still even be around at all.
I think The Three Stooges could have run a company better than this. In fact, this POS is even funnier than The Three Stooges.
Last week I bought some EGLE, ULTR and GNK and ran across this one while checking out the ocean and river shippers. Boy, sure glad I never owned this one!. And I know what some of you will say, The three I bought will probably go bellyup, too, and you're probably right.
I've looked and looked and can't find an explanation (even in Scottrade) of how this stock could go from $1332.00 a share to .018 in a twelve month period.
I'd really appreciate some kind of explanation - from you or anyone else. The only thing I can fiind out for sure is that they are still in business and a few quarter back lost over a million dollars a share. (Huh?)
What's up here?
Really? Someone is 'accumulating here'?
Then hows come this POS is at .0001. If you don't know why, I'll tell you. It's real simple. This stock is, always was, and always will be a SCAM. 99.9999 of anyone looking at it knows it. Only a few on this board can't seem to come to terms with the reality of it.
TDEY is a zombie stumbling along the edge of a cliff. Only a matter of time before it goes over. Or, to put it a better way, this turd is circling the stool, ready to go down the crapper.
Your research is correct, and you are right. After the sale of the 6 ships they will have no physical ships left, only those new ones on order, and they are pushing the acceptance dates of those orders further and further out. Shortly after I made that post I discovered this, also. Don't really see how they can purchase new ships when they have no cash and no means of raising cash. It's my understanding all the proceeds from the ship sales will go to existing loans and liens on those vessels, with a balance probably still remaining.
Like you said, not much to invest in as far as PRGN is concerned. I've scratched that one. Looking at ULTR instead, although it's up about 140% this year so I'll wait for a pullback...
Did buy some GNK and EGLE, with GNK my favorite of the two, although neither one could in any way be called 'investment grade.'
Taking short term profits out of oil, copper and gold and thinking of putting some of it in worldwide shipping industry, as ALL the stocks in this class are certainly bloodied, totally out of favor, and quite a few actually in the 'penny' stock category. Always totally swore off the 'pennies' but thought I'd take a flier with some of these (no more than 2 thousand shares each).
Upon checking them all out this one looked interesting until I read they were in the process of selling six of their ships to pay off outstanding debt on them. According to my information source (Scottrade) that would only leave them with 4 ships. Checking other places on this company, none of them mentioned the sale of the 6 ships.
Is that correct? Scottrade is not exactly the best source for up to date information on penny stock companies.
I did purchase some EGLE and GNK. Those both look a little scary, too, but not quite as scary as this one. Appears there is a real shake out going on in this industry with probably not too many eventual survivors........Appears most of the stocks in this group are on the verge of having one foot in bankruptcy and the other foot on a banana peeling......
Last I knew TDEY (also known as "TURD") was in Dallas, which would be up about a 300 mile 'street' from San Antonio.
The problem with buying in here at .0001 is when it (or if it) goes up 1 or 2 clicks you can put in a sell order but it usually doesn't get filled until it gets back down to .0001. If you put in a market order it will drop one notch (or more) when it is sold.
You MIGHT be able to make some MacDonalds money here (dollar menu, of course) if you know going in this is a scam. They have no office, no assets, no nothing. I actually did make a little money in this (very little, to be totally honest). This was a year or two ago. There were some super 'hysters' posting then, but also a few with 'warning' posts. Checking into the 'warning' posts I determined the warners was right. At that time they had a fake paster/healer named, I believe, Ortez, a guy that at that time couldn't even make his house payments. Anyway, I could go on and on, but I hope you listen. This is a scam. So be careful.
People took the time to warn me and I like to come back occasionally to warn others.
A great buy? If you like throwing money away it is.
99.99999% of the people know that this is, always was, and always will be a SCAM. Too bad their are still a few that aren't aware of it yet.
But hey, it's your money. Throw it away.
Whenever this gets over .0001 the stock printing presses start buzzing and hundreds of millions of shares are offered and sold to unsuspecting patsies......
Didn't take much due diligence to satisfy me this thing is probably a scam. But good luck, guys. Think you are all going to need it with this one.
I'm neither a cheerleader or a basher. A friend told me to check this one out. I did, and it doesn't look good. Not many 4 digit (or in this case 5 digit) stocks do, really. 98% are scams. But you can still make money - even in scams - if you TAKE PROFITS when they occur, which isn't often when dealing in sub-penny junk.
6.6 billion shares outstanding. Wow. Sounds like they never turn off the stock printing press.
In at 4.04 (average pps after selling Mar 6 covered calls).
Terrible earnings today, but up after hours on big capex cut for 2016 and 2017.
Think it crashes thru 3.25 tomorrow (Thursday). Don't think capex cut will overcome bad earnings, but we'll see.
Oh, well, another bad pick.......
Yeah, they usually pop alright. They pop DOWN. 5's by the fifteenth of February.
To play this now you have to buy at least 10,000 - 50,000 shares (or more, depending on how well you sleep at night) then GET OUT with a 2 or 3 cent gain. And even then it's a total crap shoot, or, better, a lottery ticket. Odds with coming out with anything are about the same.
I'm going to try it, but only when it gets in the 3's or 4's, and then only 10,000. I don't have ANY position in ZINC right now.
Buying ZINC anywhere down here is worse than trying to catch a falling knife. It's trying to catch a hand grenade after the pin has been pulled.
Because ZINC does reconstitute hazardous waste material there's always a chance - and it's a very THIN chance - that the government might step in with some bridge funding until they (the government) can figure out a better way to safely dispose of the waste. But DON'T HOLD YOUR BREADTH and DON'T BUY IT OR HOLD ON TO IT FOR THIS REASON.
This one's toast. Glad I bailed shortly after the first death, in the low teens.
Tough luck, guys.
They have a drug that can reduce obesity, although now deemed totally unsafe. Possibly they could dilute it way down and try testing it again as an over the counter appetite depressant (or something.) Maybe something like that could keep the company afloat.
A few years back I joined two class actions, one against Allied Artists and I forget the other. Received 2 checks, both for less than $1.00.
Attorneys manage to retain about 90% of settlements in the lawsuits. Congress did try a few years back to make it more equitable for shareholders, but Democrats voted it down. Of course, attorneys, along with other low life groups, are part of the Democratic base, so it was to be expected.
Oh, I guess there's still a ways to go here then.....
Regardless, company will still be forced to spend a lot of money on attorney fees fighting these dozen or so cases.
If judges find merit with the cases, company will be forced to spend a whole lot of money, whether it's fighting it in court or settling out of court.
I don't recall ever seeing another company garner this many class action lawsuits in such a short amount of time as here, except for possibly Exxon and BP.
Seems like roaches coming out of the woodwork here.
Anyone considering suing ZFGN, do it with your own attorney. If you join one of the 'class action lawsuits', you'll end up with a check for $.86 or some other ridiculous amount under $1.00. Class action lawsuits make money for ambulance chasers only. People they represent get next to nothing, if anything.
Also, if you join a class action lawsuit you cannot later file a suit of your own. Double jeopardy in reverse.
Been there, done that, and have the tee shirt to prove it.
If you use your own attorney company will (probably) settle out of court, but you'll still only get a fraction of what you lost in the stock. And going after company officers or directors NEVER pan out, as your attorney will explain to you. They are 'endemnified', or some bull-shit thing like that.
Bailed out today at 11.26. Think this one's on it's way to pennies.
But good luck to all.....Ended up .34 cent a share LOSER.
I'm really amazed that there is no word, or update, from management about what is going on here. You would think SOMEONE in management would feel it would be at the least respectful to give shareholders a heads up on everything going on here and what we can expect as far as a timeline on autopsy results, hold on testing, etc., but NOTHING, total silence.
I just got in last Friday, only down a little less than a buck a share, but thinking of getting out. The CMO cashed out, and he certainly knows a lot more bad stuff than we do.
Think I'll trade this one for more FCX. It's down also, but I know it will come back. Not at all sure about this one.
But good luck to all longs here.....Thought I'd scalp a couple bucks a share here, but instead I got scalped for a buck instead.
I agree. I read in one report that results from the autopsy will take at least two weeks, making both long and short bets here pretty much a crap shoot. But the long side will have a greater reward on good news than the short side will on a negative report so I'm holding on here. Mondays close has me only a few cents underwater, less than a dime a share, after two buys Friday.
I would think the bears will be taking a big gamble here if they take an initial short position Monday. Further downside from here will be limited to companys present cash per share, $7 - 8 depending on which article you read. That means shorts - best case - would get a $2 - 3 payday from here.
Longs, on the other hand, have a chance for a much bigger payday. If autopsy on test death patient turns out to be 100% non drug related, then this thing probably goes to $25+ very quickly, as regular testing will continue and its nearing the end of the test trials (or whatever they are in medical terms.)
I expect a jump Monday morning, but a further $2 buck drop wouldn't bother me all that much. I'd triple my investment at $8.50. Very little downside from there unless the whole thing goes belly up, which I doubt.
I totally agree. Anyone who's been around the markets for a while have learned to ignore the ambulance chasers.
I just got in here at 11.00. Will buy more on additional 50 cent drops. Held off on 10.50 because it looks like it will probably see 10.00 Monday. Nothing like catching a falling knife. Blood all over my new cloths.....
No, I just check back in periodically to try to warn new people here that no matter what appears to be going on, it's nothing more than a scam, and any and all press releases are nothing more than BS. I think the next Vakser scam will be a professional womans hockey league. It will probably be the next TDEY venture after this insurance scam disappears.
Of all the press releases ever issued by TDEY, document just ONE that was ever true. Don't even document it, just tell me one that was true, whether it had to do with 3D movies, bitcoins, Thomas Kincaid artwork, marijuana, or whatever other scam has been tried under the TDEY ticker. I think even you would have to admit they have all been scams.
No reputable person would start up anything that wasn't a scam using TDEY as their ticker symbol.
Only a glutton for punishment would think "it will be different this time."
Not yet - - - but it will. Probably 1 for 1000. Must be bored to go back and read year old posts. Everything else I said back then came true, didn't it? Stock went to .0001 with no bid. Just a new bunch running a new scam (with "Fast Eddy" in the background calling the shots) and it will end up the same: .0001 with no bid.
Good luck to you. You'll need it with this one.