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Didn't happen???
Not worth pulling any punches, this mum and pop, 2 outlet, franchise is the subject of a pump and dump scam. When the existing shareholders get their 4 extra shares to trade, for each share held, (7th August) the dilution will kill all new shareholders, since they dont qualify for any extra shares.
Nice to see Grillit going towards it's true value. Only another 70 cents drop to go, since around 5 cents is all it's worth. Two outlets the size of a donut shop doesn't justify a $36 million valuation.
There are always sellers if you are willing to pay the ask, in this case 20.5 cents.
Nothing like a good belly laugh before Christmas. Grillit = Chipotle hahahahahaha.
Grillit is not having a huge day, same old, same old. Everybody is sick of the recurring pump and dumps that happen with this POS.
How much longer are people going to keep fogging this dead horse? Tell by the volume recently that there is just about zero interest.
All downward volume, a 100% overpay rate on this and an all time record low finish. Tell me one good reason why anyone would want to waste their money in this garbage?
Hey some people have links to newsletter pumping sites and choose to swear by them, I have P&D.com as a newsletter and they are seldom wrong in their covering of a scam. And by the way in their nightly this evening they say they have heard that Finra are taking a very close look at Grillit.
I personally have never shorted a stock but some people may use the information that pumpsanddumps put out to short a stock. I'm sure they are in the minority however when I retire in about 5 years shorting the OTC looks like an easy way to make money but I don't have my finger close enough to the trigger at the moment.
Looks like another promoted megadump
SEC halted with H10, welcome to the Greys in 2 weeks
Typical of most P&D's these days, the vast majority of people buying after 10:00 AM yesterday, and still holding overnight, are in a losing position. The P&D's are so predictable these days, the next phase is where all longs get obliterated.
Incorrect, the P&D website is run by people who know a scam when they see one. They have called out 6 scams in the last 2 months that were closed down by the SEC. Now are you going to accuse the SEC of shorting the stock haha.
I have more faith in the P&D.com newsletters than these two bit pumpers that infest a site for 1 day or 2 days or for however long the Company in question is paying them to tell blatant lies to decieve "Newbies" to part with their cash.
And neither do most of the touts, they get paid to get newbies in to allow insiders to sell.
First day, first time, pumpanddump. Zero revenue= SCAM.
PTOG has been through 11 promo's at different times. Go to www.pumpsanddumps.com to get the daily updates in the pumping game.
All the shareholders as of August 2013 in Grillit received 4 new shares for every share they held, however under the terms of the share bonus (which is really a share split) those shares can't be traded until August 7th 2014.
I can almost guarantee that on that date the share price will dive by 80% so if you buy a Grillit share today for $1 and the price is still $1 on August 6th 2014 that once the "new" shares are allowed to be trade the following day the price will drop to 20 cents. That is ok for everyone that receive the new shares but for people buying today they don't get the new shares and your holding will devalue bigtime.
They printed 20 million shares at the end of October and sold them to insiders for .0015 cents each and then went to the market with a valuation of 90 cents when it was closed down, if that's not a scam then what is?
No members of the public held money in this POS prior to the start of November, so initially, every share has been sold into the market by the insiders.
MDDD may or may not have a genuine product but until any Company generates sales a $60 million valuation in the Pinks is a red flag in itself.
Rule of thumb, never hold a P&D overnight, especially now as the SEC are really jumping all over these scams. The vast majority get closed prior to the market opening so typically the daytraders are in and out of these prior to market close. The longs are the people that get caught.
Looks like the SEC subscribe to www.pumpsanddumps.com "the nightly" LOL
And by the way congrats to P&D.com this is at least 5 halts they have called correctly in the last 6 weeks or so.
You my friend are in the wrong business if you think that. Investing 101, the SEC couldn't give a rats ass about you or anybody else holding this.
90% is the usual loss when it eventually shows up in the Greys
Nobody has a single excuse if you are caught holding the bag. There have been a multitude of people on this site during the past week saying it is a nailed on certainty it will get halted. Unfortunately greed gets the better of people.
Wise move, whenever you are up by 100%+ you have to sell a portion to cover your intial stake. It is not so bad when the wheels come off if you already have your money back.
I don't hold the same view as you regarding the future of this Company, as it is now in the hands of conmen. It's a typical P&D and it will die a death just like every other pump and dump.
Grillit statements from Friday 6th September
All shareholders of GRILLiT, Inc. owning common shares on the record date of August 7, 2013 shall receive four (4) shares of GRILLiT, Inc. restricted common stock for every share held by such shareholder. For example, if a shareholder owns 10,000 shares of GRILLiT, Inc. common stock at the close of business on August 7, 2013, that shareholder shall receive 40,000 additional shares of GRILLiT, Inc. restricted common stock, giving that shareholder a total of 50,000 shares.
The dividended common shares will be "restricted" as defined in the Securities Act of 1933. Rule 144 allows for the public resale of restricted securities only if certain holding period and other conditions are satisfied. The start date for the holding period for the dividended shares shall be the record date of August 7, 2013, and the holding period is one year.
That was before everyone was given 4 extra shares for each one held. However those shares are locked out from trading for a year, all of which you failed to mention in your statement.
Of course it is the touts job to make these POS smell like roses?
One big yawn due to lack of volume. Touts trying to drum up support but certainly flogging a dead horse today. Hope the Grillit insiders have been able to sell enough of their worthless stock to be able to pay the touters for the pump?????
Do you mean to say you were $1.60 yesterday ($1 profit) and you didn't sell ????????????????? unbelievable.
Because it's a scam and not worth 10 cents.
I wouldn't get to comfortable with this POS. Price is just marginally above where it started on the pump at the beginning of last week. The reason it dropped was because of worries that the SEC could halt it. That threat is no different now than it was last week.
Congrats to those making money but beware.
Did you mean it's bearish run down?
Does it still have a "Pulse" because the graph over the last 2 weeks seems to indicate they pulled the plug on this POS.
2 good days for MDDD, take your profits now because this will hit the skids very soon.
???? every buyer from 10:00am-3:00pm lost money????
Went up 35% in price, on 20% of the previous 2 days trading volume. Looks like the insiders may have been artificially pushing the price up, with low volume buying, to attract some newbies in.
I agree it's setup for shorting however I'm still expecting a halt, sooner rather than later.
I dont disagree it is difficult to follow the scam.
As of October 29, 2013, Makism 3D Corp. was acquired by Umicron Ltd., in a reverse merger transaction.
Makism 3D corp (MDDD) was previously known as Advanced Cellular (ADDU) prior to 29th Oct.
We can only assume that the assets of Umicron were converted into trading shares or Advanced Cellular converted shares to the new Company. However try as I have I can't finda record of what the ADDU shares originally traded at nor how many were in circulation at the time of the merger?
Put it this way these so called shares were trading at $6 when first going to market at start of November making the Company worth $360 million. I'm sure there wasn't an extra 40 million common shares in general circulation at that time.
The promo pumpers deserted this POS today
Eeerrrrrrr maybe not. How about ZERO
MDDD denies knowledge of promotion??? P&D.com correct again
Well P&D.com got it perfectly correct again, in last nights summary they said, because of the CE applied to the Company, MDDD would come out and deny knowledge of the scheme and sure enough they came out with it this morning.
Please look at the wording in the MDDD statement:
The Company wishes to clarify that it has not participated, financed, or benefited from any campaign and was not aware of the activity. The Company strictly adheres to all rules of communication and has never paid or participated in any activities of this nature whatsoever.
Company CEO Luke Ruffell states, "We were informed that our Company has been subjected to the OTC Markets advisory and we firmly assure the public that the Company and its principals have not been involved in any way regarding this sort of promotional campaign, nor were we consulted as to the content of the promotional materials used. Our filings clearly indicate the Company has made no payments of this nature, and furthermore, not one officer, director or affiliate of the Company has sold a share of its stock nor was in a position to pay for this sort of publicity."
The last sentance of the above statement is pure lies - As everybody knows that the insiders were the only people holding shares in this company as of November 1st?????
P&D.coms comment on yesterdays shenanigans!!
Anbody that was surprised that the PTCmarkets tagged MDDD with a Caveat Emptor designation should give their heads a serious shake. That the was going to happen, considering the increased oversight into these scams, was obvious. Even the staunchest of penny players was expecting this and a trading halt to follow, choosing to play Russian Roulette in hopes of a sustained rebound from Tuesday's massacre. That obviously won't happen now, and we wouldn't be surprised if the company issues a press release claiming ignorance about the Pump & Dump camapign. In the meantime, today's traders were part of an 87% overpay* rate and the street collectively lost about $703K. If you were one of the victims and are looking for someone to blame, look in the mirrror.
Most start off as legitimate Companies but then go through restructuring, name changes, symbol changes, buy backs, stock splits, personnel changes etc. and along the way end up in the hands of shysters and conmen. At that point they are under the radar and can start the manipulation process, with a little help from the promo's, until they made their millions.
As you said by the time the SEC move in they have made their money and it's the poor bagholders that end up holding the worthless shares.