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makeamint - I got through about half of it - I intend to listen to the rest of it later - it is fascinating, and told in a very clear, easy-to-understand manner. Thank you for posting that.
makeamint - are they going to follow this up with a press release to give more details? Thanks.
I'm guessing that something is up:
CEO/President/Secretary/Treasurer Stephen Carnes acquired 14,375,000 shares at .0016 on September 6 (for $23,000)
The price keeps having quick spikes on above average volume
Does not seem to be much selling going on
The CEO now holds 260M of the 485M OS leaving a float of 225M (according to RNVO ibox combined with the Form 4) - Form 4 link:
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001219849%252D06....
Chart does not look too bad:
Why is this board premium? Can't we free it up? I think we'd get more discussion on this stock. Thanks.
RNVO - The CEO holds 260M of the 485M OS leaving a float of 225M (according to RNVO ibox combined with the Form 4) - Form 4 link:
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001219849%252D06...
RNVO - I'm guessing that something is up:
President/Secretary/Treasurer Stephen Carnes acquired 14,375,000 shares at .0016 on September 6 (for $23,000)
The price keep having quick spikes on above average volume
Does not seem to be much selling going on
Chartt does not look too bad:
Where's the market reaction?
CDIT market cap about $66k
RNVO shell market cap about $630k
Shel co. RNVO worth approx. $630k
It's [ / b ] (w/o spaces) ;)
Market cap = ~$530K
I'm considering averaging down at .0006 -
after the r/s LOL
So, as long as Martini Racing sells GS610, they don't give a rat's arse what happens to the share price or the shareholders.
Maybe you're right - but it sure has the makings of one:
From Wikipedia, the free encyclopedia
A dead cat bounce is a term used in market economics to describe a pattern wherein a moderate rise in the price of a stock follows a spectacular fall, with the connotation that the rise does not indicate improving circumstances. It is derived from the notion that "even a dead cat will bounce if it falls from a great height".
The phrase has been used on the trading floors for many years. However the earliest recorded use of the phrase dates from 1985 when the Singaporean and Malaysian stock markets bounced back after a hard fall during the recession of that year. The Financial Times reported a stock broker as saying the market rise was a 'dead cat bounce'.
The reasons for such a bounce can be technical - investors may have standing orders to buy shorted stocks if they fall below a certain level, to cover certain option positions, or for speculation. Since bounces often occur, investors buy into what they hope is the bottom of the market, expecting a bounce and thus make a quick profit. The very act of anticipating a bounce can create and magnify it.
A market rise after a sharp fall can only really be seen to be a "dead cat bounce" with the benefit of hindsight. If the stocks starts to fall again in the following days and weeks, then the bounce was for technical or speculative reasons. If the stock remains steady, then the bounce is merely a correction to over-selling.
Ever hear of a "dead cat bounce"?
Sounds like dilution in our future:
From the PRE 14C:
<<Since the Company is reverse splitting the outstanding Common Stock and not the authorized shares of Common Stock, after the reverse stock split the Company will have more authorized (but unissued) shares to issue in the future. >>
It would be more honest and open if he would just come out and tell us what the plan is - but that will never happen. From the 8/24/06 PR:
<<David Keaveney, President and CEO of MSEP commented, "We elected to enter into agreements with Mr. Baron, Mr. Brehm and myself and to retire the Pf B Shares in order to protect our common shareholders from the dilutive effects of the Pf B Shares. We are managing a successful and momentous evolution of our business; the reduction of the Pf B shares is a significant step towards bringing our stock's price and capital structure more in line with our revised business model and improving the public's perception of MSEP. It is important that our shareholders understand that we are committed to pursuing aggressive strategies that will be beneficial to MSEP's growth.>>
So, what is the revised business model, what is the targeted capital structure? I don't recall any announcement that a r/s was part of the plan. What's next re capital structure? They aren't going to let us little shareholders in on the secret, that's for sure!
stju - are you starting to care about the fundamentals now?
They need a 1 for 600 for that.
Gedi - I think it is about time for you to stop being a MSEP apologist - "I think that good things will happen with this Company" - LOL - we may al be grownups, but most of us recognize reality when it wallops us in the nose!
He's got nothing on you for posting his reply, as long as you are being truthful.
Keveany is truly a dipshit and shister if that is what he wrote - not to mention a bit defensive - he must know he has been dishonest.
Getting down to June '05 levels:
RNVO weekly:
RNVO chart not looking 1/2 bad:
You ever hear of "buy low, sell high"?? LMAO
What money? He took shares of preferred stock.
Ha! Ha! Ha! What utopian society are you living in? LMAO!
Triple bottom coming up.
Well, it is a BB penny, isn't it?
OK - I guess?? Sorry - confused by your comments.
LOL - no problem
Thanks - no problemo
I just want to be clear - I am referring to RNVO - Renovo Holdings - Zardiw and vz admitted a mistake, they thought it was Raven Moon - which one are you referring to?
As in "beware of all pink and OTC stocks" or is there something special about this one?
I still don't get it
Huh?? Raving Moon?? I don't get it