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If it hits .0030 you can have my shares at just under half what I paid for them. Most people here are looking for that to be a 3-5 times profit, and I would just be happy to get out of this with more than a few pennies worth of shares!
Yup, just as I predicted 2 months ago, roughly 200:1!
So where's my RNIN conversion? Has anyone else from BCST received RNIN shares yet?
This stock is dead. It's now at 10% of what I bought it at 3 months ago. If you really want a piece of this stuck pig, .0001 will be around soon enough!
Here's to hoping RNIN fares better than BCST!
I would have been so happy to be wrong about the 200:1 ratio. I guess it's the way it goes. Now RNIN needs to get to $2.50 just for me to break even! I'm done playing stocks. ALL the pennies are BS! I'll spend my money on sportsbetting. Better return rate!
The AS expanded to 1.5 billion, and 1.1 billion new shares were issued for the debt. RNIN allocated 7 some-odd million shares. Do the math! It all depends on what the actual OS is, and I believe it to be in the 1.4 billion share range.
I thought this thing was ready to bottom out at the half penny mark. Man wasn't I mistaken!
I hope I'm wrong about this math, but I think we're going go get roughly 200:1 for our BCST shares. For me at current prices, RNIN would need to quadruple for me to break even.
It's already a done deal on paper. Just carrying out all the logistics. My guess is, the end of the summer it should be all said and done. But still no word on updated swap structure of shares. I won't be one for one, and it's a lot harder for a dime stock to double than one under a penny. If this thing breaks a dollar before it's complete, I'm out at a small loss. I'm not sure how successful the 3 companies merging into one will be, and it will likely be many years before the price even gets most of us bcst investors out with a wash.
There's been plenty of dilution. Apparently you haven't been here since it was a few pennies and watched block after block of 10s of millions of shares in a stock that was only supposed to have about 100M. I need this pig to run past a penny just to break even. With all the hands in the pot and more sure to come, I doubt we break .002 this year.
I've seen 100 share paints before, but 15? What the heck is that? 10 cents worth of stock? What are the MMs trying to signal?
In a stock like this, that's probably 5 people. Doesn't take much to make a majority. Without the merger we'd be sunk. Have you read the most recent financials? I've never seen a company try so hard to not lie about how bad the situation is. This merger is our last chance of redemption.
Exact quote:
It's going to happen period end of story. The board and big shareholders already approved it. Unless the merger falls apart(which would probably be even worse.) The silver lining is that the par value of new shares is .005, so it's not far under where we are now, and companies holding stock as debt will usually try and get double the par value, so even with massive dilution, we might still be alright. Still not sure how this will work post merger though. Do we get equivalent shares in rnin?
This notice may not be promising.http://www.codecsys.com/pr/20140703.pdf So the O/S is about to take a 500% increase. That's 1.1 billion new shares issued for the debt. What will we actually get out of this deal as shareholders post-merger?
A repost with RadioPVEC breakdown. I wrote this as a cautionary post during the run up to the current worthless certs 2 months ago. It has direct quotes from RadioPVEC with my interpretation after each one. Looking back almost all of my points have become true(except for the r/s...yet.) Jason deserves nothing for his time putting up 2 poorly designed wordpress sites and a forum where only good news and not so hard questions were aloud. Here's the repost: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100235439
Jason IS culpable in shareholder wrongdoings. As the forum is gone I can only paraphrase a quote from around March 17th from him:
"All shareholders as of March 14th have been marked to receive the Preferred Shares..."
I myself got out the next day, taking (small) comfort that even though I hadn't made money in the run up to the date(never wanted the shares, just the run up to March 14th) I at least had a piece of paper to (maybe) fall back on. Most of us know the rest f that story. I knew this company was a scam when I bought it, so shame on me. I didn't realize they would move some 5-8 billion fresh shares onto the market during the month and a half of worthless preferred shares.
Jason spun more stuff in a few Radio PVEC announcements than Kerry and Pete combined. And what happened to the $5 million he claimed to have invested in the company, making himself sound better than the rest of the shareholders because he had much more "invested" in the company.
I hope we've come to the end of Pete's ability to prop himself up on shareholder dilution.
What would u gain from a CAL? The $100 they show on paper every financial? That not before their attorney fees. There's already nothing to take back from the company. When this company really slides you'll hope you do get worthless certs just so u feel like you got SOMETHING out of the company. This ship has many holes in it and so does the jug Pete's trying to bail it out with. Should reach the resting place of the Titanic soon.
Sweet news! Mergers all around, pps is up. Confirmation our merger should finalize in a month. Hold tight til then! The mm's have backed way off to 1.5 pennies. Double what it was yesterday.
How screwed is PVEC? Very! Most people haven't received the cert they should have 2 months ago. Jason's nowhere to be found. Kerry's gone because of the lies. An a/s(and probably o/s) at 13 billion. All signs point to 1 of 2 things. Delisting and SEC audit(not going to happen since the SEC is worthless.) Or a good old reverse split, 1:2000 is in order. Try making your money back post-r/s. GL all! You're going to need it with this toxic pig!!!
Yes, their "vision" is becoming clear to me now. PV and I guess PVEC as a whole would love to R/S and dilute it all over again. Remember that PR in November that said the company wouldn't Ra/S for 2 years? It should have read, "We will do a bi-annual r/s every two years to so i can keep diluting without end."
Q&A=R/S. The Q&A on the company forum seems to point to an r/s sometime in the not to distant future. It's the only way to shed the billions of shares o/s. Better hope the preferred certs pay out, cause the common will be not be worth toilet paper soon.
The problem is, it has 13 billion tiny little legs right now, and all of them are walking in a different direction.
Jason's not here man! Jason gone, Jason went away! Wonder what became of the $5 million he had "invested" in PVEC?
Would that be the normal half answers, non-answers, and outright lies? PVEC's PR department is what keeps the world "spinning" on it's axis.
In other words, "We've diluted the common stock all we can, and now we need a new wrothless investment vehicle to sell to the public."
If PVEC had a sign like McDonalds, right under the arches it would say,"Over 13 billion diluted and still serving"(in 1 years time!) Seriously, it just astounds me that this many billions have been sold in 1 year alone. Every time they reach the a/s cap, the raise it, Might as well save yourself the the filing every month or so and just make the next a/s increase 100b. Who is buying the fastest diluted stock in history?
And this is why the pps isn't going to move ANY TIME SOON! Every time they reach the cap of selling stock, THEY RAISE IT! GL getting your money out of this EVER!
Might have something to do with the likely 10B outstanding. Hard to move big with that many different hands in the pie.
The new one that doesn't mention Jason's name anywhere in a pr about zeus travel(who he is/was CTO of)? That one! How and what exactly is he hard at work on? Migrating zeus away from a crappy wordpress blog?
So I take it Jason is no longer with the company. He hasn't been on the message board in a long time, and no mention of his name in the latest PR. I wonder how far his ego and "$5M invested in PVEC." How long before we get new shills to spin the spin machine. On top of the fact that zeus travel ain't no travelocity or priceline. I know I'd never shell out $1000+ on a shoddy wordpress site that looks like it was thrown together in a single afternoon and give my browser an "unsecure site" warning.
The only time I was up on this stock and tried to sell they hit me with one of those stupid 100 share buys. Someone or something is bound and determined to keep this price artificially low. There's not billions upon billions shares. No reason for the price to be so close to trip 0's!
Nope, I'm a former bagholder. Lost 50% believing March 14 to be the date. Now I hope this company burns itself down before more new investors get taken. When it comes down to it I don't need any proof. I will never reinvest in this scam. But you wonder why nobody is buying? Cause no new investor believes this company delivers on it's promises. Either way, you don't have anything in hand to claim all is well. Check's in the mail! May PV bring you financial freedom and not the ruin it's brought to almost everyone that's ever touched it.
When someone actually verifies that these are real and has them in their hand I'll believe it. When you ACTUALLY get them, we can talk.
It's the sign of a company still trying to buy time to screw you any way possible. It's been "coming by the end of the week" for a month and a half now.
Most honest 10-q financials ever from a penny stock. It's certainly not good, but at least they're honest and up front. Only hope of salvation now is RNIN merger.
Pay no attention to the lack of certs in my one hand and check out this ball of misinformation in my other. Today was the weakest fake PR this company has ever put out. As usual there's no useful info in it and i don't expect it to make the pps move. More than likely this was put out to sell the few shares the company has left. (Does Peter even own any shares at this point?)
It's been more than a month since certs were to be distributed, the certs are just plain not coming. Quick announce a new "divy" we've got a few more to sell to get all 10b in the a/s out to o/s.
Define concrete? Everything this company has said has been "concrete". Like this quote from Jason in his first radio pvec announcement: