"Wise men learn more from fools than fools from the wise"
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And this is EXACTLY why I hate the cesspool of IHUB.
People who sell should just move on, we have heard your argument 10000000000000000000000 times already. It becomes spiteful, we all have heeded your warning.
Still here with all my shares, taking a few days away from the board, market and stock action of this one is just sickening.
Its a combo of things, and people naturally trade on emotion.
Some were not happy with the notes, albeit minor, they should have been brought up before the Q hit. Asif has learned a valuable lesson once again I think.
I sold a chunk on emotions myself, yet bought back after realizing that in spite of the notes, we are still highly undervalued.
I am a BIG shareholder.
I know of other BIG shareholders that have exited.
I know that trading hiding size with NITE CDEL etc is NOT normal and cannot be done with Etraders, etc.
So trading is being done here by MMs themselves or sophisticated groups.
I too believe in this theory. I believe some with shares got very upset and that made it even easier to drive this low.
I am telling you that I know of millions of retail shares were dumped, which panic ensued.
A few big BIG holders exited.
That, along with the possibility that a group wash traded this panic to scoop up cheapies makes that volume a real possibility.
IT is retail, plus 3 MEASLY million into the float.
Love those that are long doing rah-rahs then bash when they are out looking for lower.
This is why I feel there is a group at this point stirring the pot to load as much as they can. The normal schmo like me, and Pristine can't put an order on etrade, alphatrade, etc. and the whole order not show.
There needs to be someone with L3 type systems to do that.
THERE IS NO TOXIC SELLING. Everyone needs to stop with untrue statements. Until January, you will see the FLOAT REMAIN THE SAME.
How much was taken out???? That is the key.
Where do you see 10MIL Toxic Convertible? I don't. Let's not say something that isn't so. AND please, focus on what was taken out!
Ta not lying......this is panic
Definitely someone/group working to shake shares and accumulate. Not coincidence at all.
While hindsight is 20/20 and I wish I saved powder for here rather than those I continued to buy at .015 - .019, I took a deep breath and there is no way a 50% retracement with 3 mil added to float is rational. Many shares purchased over .01, and the bottom line is the balance sheet and income statement for a company currently valued at 1.5 mil is WAY OUT OF LINE still.
Notes or not.
This has to bounce...that 50+% retracement happened on a 3 MIL change in float, and there is NO FUTURE POTENTIAL CHANGE IN FLOAT UNTIL 2016?!?!?!?
A massive overreaction here......
$GNPT bottom here, slingshot coming. Overall panic on 3 mil hitting float. Geeeeeeez.
$GNPT bottom here, slingshot coming. Overall panic on 3 mil hitting float. Geeeeeeez.
$GNPT bottom here, slingshot coming. Overall panic on 3 mil hitting float. Geeeeeeez.
Still here licking the wounds that will heal once sanity returns.
Looking for a GNPT bounce on panic sells, GEQU on radar big time here.
I can confidently tell you at one point posters on this board controlled 30 million shares.
New $ GNPT news out ....bouncing.
GNPT NEW NEWS TODAY....
GreenParts International Signs Recycled Oil Export Agreement With South Korean Partner; Global Exports ThrivingFont size: A | A | A
11:08 AM ET 8/20/15 | PR Newswire
GreenParts International (OTC: GNPT), a metal and textile recycling company with multiple locations in Atlanta, Georgia, has released a statement from its CEO regarding the company's successful efforts to expand globally.
Chief Executive Officer Asif Balagamwala stated, "I'm extremely encouraged by our expanding relationship with our global partners. We just recently signed a term sheet to provide recycled oil to our South Korean partner and we have already begun to implement the first order and see this as not only a growing business but are delighted to fulfill part of our mission statement of creating a better global environment." The CEO continued, "In addition we have delivered on approximately 150 thousand dollars of our first shipment to SAH Global for our previously announced concrete recycling agreement. In both cases we see growth and very good margins in these new ventures."
The CEO concluded, "It is a major component of GreenParts Internationals' strategic five-year plan to diversify our business and be less dependent on metal recycling. I'm very excited about our new oil and concrete recycling ventures as well as other opportunities that are forthcoming. More details regarding all our new areas of business will be coming soon."
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/greenparts-international-signs-recycled-oil-export-agreement-with-south-korean-partner-global-exports-thriving-300131326.html
SOURCE GreenParts International Inc.
New $ GNPT news out ....bouncing.
GNPT NEW NEWS TODAY....
GreenParts International Signs Recycled Oil Export Agreement With South Korean Partner; Global Exports ThrivingFont size: A | A | A
11:08 AM ET 8/20/15 | PR Newswire
GreenParts International (OTC: GNPT), a metal and textile recycling company with multiple locations in Atlanta, Georgia, has released a statement from its CEO regarding the company's successful efforts to expand globally.
Chief Executive Officer Asif Balagamwala stated, "I'm extremely encouraged by our expanding relationship with our global partners. We just recently signed a term sheet to provide recycled oil to our South Korean partner and we have already begun to implement the first order and see this as not only a growing business but are delighted to fulfill part of our mission statement of creating a better global environment." The CEO continued, "In addition we have delivered on approximately 150 thousand dollars of our first shipment to SAH Global for our previously announced concrete recycling agreement. In both cases we see growth and very good margins in these new ventures."
The CEO concluded, "It is a major component of GreenParts Internationals' strategic five-year plan to diversify our business and be less dependent on metal recycling. I'm very excited about our new oil and concrete recycling ventures as well as other opportunities that are forthcoming. More details regarding all our new areas of business will be coming soon."
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/greenparts-international-signs-recycled-oil-export-agreement-with-south-korean-partner-global-exports-thriving-300131326.html
SOURCE GreenParts International Inc.
New $ GNPT news out ....bouncing.
GNPT NEW NEWS TODAY....
GreenParts International Signs Recycled Oil Export Agreement With South Korean Partner; Global Exports ThrivingFont size: A | A | A
11:08 AM ET 8/20/15 | PR Newswire
GreenParts International (OTC: GNPT), a metal and textile recycling company with multiple locations in Atlanta, Georgia, has released a statement from its CEO regarding the company's successful efforts to expand globally.
Chief Executive Officer Asif Balagamwala stated, "I'm extremely encouraged by our expanding relationship with our global partners. We just recently signed a term sheet to provide recycled oil to our South Korean partner and we have already begun to implement the first order and see this as not only a growing business but are delighted to fulfill part of our mission statement of creating a better global environment." The CEO continued, "In addition we have delivered on approximately 150 thousand dollars of our first shipment to SAH Global for our previously announced concrete recycling agreement. In both cases we see growth and very good margins in these new ventures."
The CEO concluded, "It is a major component of GreenParts Internationals' strategic five-year plan to diversify our business and be less dependent on metal recycling. I'm very excited about our new oil and concrete recycling ventures as well as other opportunities that are forthcoming. More details regarding all our new areas of business will be coming soon."
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/greenparts-international-signs-recycled-oil-export-agreement-with-south-korean-partner-global-exports-thriving-300131326.html
SOURCE GreenParts International Inc.
GNPT NEW NEWS TODAY....
GreenParts International Signs Recycled Oil Export Agreement With South Korean Partner; Global Exports ThrivingFont size: A | A | A
11:08 AM ET 8/20/15 | PR Newswire
GreenParts International (OTC: GNPT), a metal and textile recycling company with multiple locations in Atlanta, Georgia, has released a statement from its CEO regarding the company's successful efforts to expand globally.
Chief Executive Officer Asif Balagamwala stated, "I'm extremely encouraged by our expanding relationship with our global partners. We just recently signed a term sheet to provide recycled oil to our South Korean partner and we have already begun to implement the first order and see this as not only a growing business but are delighted to fulfill part of our mission statement of creating a better global environment." The CEO continued, "In addition we have delivered on approximately 150 thousand dollars of our first shipment to SAH Global for our previously announced concrete recycling agreement. In both cases we see growth and very good margins in these new ventures."
The CEO concluded, "It is a major component of GreenParts Internationals' strategic five-year plan to diversify our business and be less dependent on metal recycling. I'm very excited about our new oil and concrete recycling ventures as well as other opportunities that are forthcoming. More details regarding all our new areas of business will be coming soon."
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/greenparts-international-signs-recycled-oil-export-agreement-with-south-korean-partner-global-exports-thriving-300131326.html
SOURCE GreenParts International Inc.
I do think that anyone who wanted out on the Q, is now out or position minimal.
Drift upwards now.
I bet there are a slew of flippers on the sidelines right now waiting to see if this is bottom. I think it is.....but we will have to churn their shares too....one step back, two forward..........
I'm holding my entire position from yesterday, this panic is uncalled for.....
Q wasnt spectatular but FAR from a disaster after the PR talked about the notes going to be converted at a FLOOR HIGHER than .018!!!
There will be a few more panic sellers, we will base here and start our treck back up north....
Cheapies in aisle 3 now...... some who were expecting more in the Q are exiting, I choose to look towards the future.
$GNPT news is solid explaining funding....
GreenParts International Announces Sequential Second Quarter 2015 Growth
Google+ Share with LinkedIn
ATLANTA, Aug. 19, 2015 /PRNewswire/ -- GreenParts International (OTC: GNPT), a metal and textile recycling company, with multiple locations in Atlanta, Georgia, has released its second quarter results and statements from its CEO regarding a strategic funding partner and significant growth in operating performance sequentially.
The company's second quarter results reflected benefits from the cost reduction plan that was implemented the previous quarter, which has advanced operating performance. The company reduced expenses progressively by 30% and saw revenues grow by nearly 35%, while gross margins returned closer to the company's historical average. As a result, before interest and depreciation, the company was profitable for the quarter.
"Our commitment to deliver on a broad range of cost savings and production initiatives has helped us improve our performance and endure the steep declines in ferrous metal prices, which still are down 30% from the prior year," said Asif Balgamwala, President and Chief Executive Officer. He added, "We are still recovering from the industry decline which has impaired shipments well into the second quarter and adversely altered our ratio of inventory cost to selling price. Additionally, we assumed new debt to take advantage of the opportunities, not only in cheaper inventory, but, most importantly, to execute on our developing new divisions. We expect the benefits from these efforts, combined with more stable market conditions, to provide further improvements in our operations. News about GreenParts International's continued progress and new endeavors will be forthcoming shortly. In addition, we are very fortunate to have finalized an arrangement with a local investment group to replace that debt before its term at equity valuations above our current market capitalization and will release details as soon, as appropriate. Furthermore, we have retained counsel to assist in the negotiations of our larger creditors, which is a crucial part of our strategic plan to reduce and replace our debt structure."
In closing, the CEO stated, "It has been a very challenging 12 months in our industry, however, we are very focused on furthering the implementation of our strategic plan, focusing on cost reduction and efficiencies gained from joint ventures and acquisitions, as well as, an intense focus on new verticals under the GreenParts International Logo. We are determined to execute and increase shareholder value, as well as ensure longevity for GreenParts International and its employees."
SOURCE GreenParts International
$GNPT news......
GreenParts International Announces Sequential Second Quarter 2015 Growth
Google+ Share with LinkedIn
ATLANTA, Aug. 19, 2015 /PRNewswire/ -- GreenParts International (OTC: GNPT), a metal and textile recycling company, with multiple locations in Atlanta, Georgia, has released its second quarter results and statements from its CEO regarding a strategic funding partner and significant growth in operating performance sequentially.
The company's second quarter results reflected benefits from the cost reduction plan that was implemented the previous quarter, which has advanced operating performance. The company reduced expenses progressively by 30% and saw revenues grow by nearly 35%, while gross margins returned closer to the company's historical average. As a result, before interest and depreciation, the company was profitable for the quarter.
"Our commitment to deliver on a broad range of cost savings and production initiatives has helped us improve our performance and endure the steep declines in ferrous metal prices, which still are down 30% from the prior year," said Asif Balgamwala, President and Chief Executive Officer. He added, "We are still recovering from the industry decline which has impaired shipments well into the second quarter and adversely altered our ratio of inventory cost to selling price. Additionally, we assumed new debt to take advantage of the opportunities, not only in cheaper inventory, but, most importantly, to execute on our developing new divisions. We expect the benefits from these efforts, combined with more stable market conditions, to provide further improvements in our operations. News about GreenParts International's continued progress and new endeavors will be forthcoming shortly. In addition, we are very fortunate to have finalized an arrangement with a local investment group to replace that debt before its term at equity valuations above our current market capitalization and will release details as soon, as appropriate. Furthermore, we have retained counsel to assist in the negotiations of our larger creditors, which is a crucial part of our strategic plan to reduce and replace our debt structure."
In closing, the CEO stated, "It has been a very challenging 12 months in our industry, however, we are very focused on furthering the implementation of our strategic plan, focusing on cost reduction and efficiencies gained from joint ventures and acquisitions, as well as, an intense focus on new verticals under the GreenParts International Logo. We are determined to execute and increase shareholder value, as well as ensure longevity for GreenParts International and its employees."
SOURCE GreenParts International
$GNPT news, Millions in revenues....Equity partners, etc...
GreenParts International Announces Sequential Second Quarter 2015 Growth
Google+ Share with LinkedIn
ATLANTA, Aug. 19, 2015 /PRNewswire/ -- GreenParts International (OTC: GNPT), a metal and textile recycling company, with multiple locations in Atlanta, Georgia, has released its second quarter results and statements from its CEO regarding a strategic funding partner and significant growth in operating performance sequentially.
The company's second quarter results reflected benefits from the cost reduction plan that was implemented the previous quarter, which has advanced operating performance. The company reduced expenses progressively by 30% and saw revenues grow by nearly 35%, while gross margins returned closer to the company's historical average. As a result, before interest and depreciation, the company was profitable for the quarter.
"Our commitment to deliver on a broad range of cost savings and production initiatives has helped us improve our performance and endure the steep declines in ferrous metal prices, which still are down 30% from the prior year," said Asif Balgamwala, President and Chief Executive Officer. He added, "We are still recovering from the industry decline which has impaired shipments well into the second quarter and adversely altered our ratio of inventory cost to selling price. Additionally, we assumed new debt to take advantage of the opportunities, not only in cheaper inventory, but, most importantly, to execute on our developing new divisions. We expect the benefits from these efforts, combined with more stable market conditions, to provide further improvements in our operations. News about GreenParts International's continued progress and new endeavors will be forthcoming shortly. In addition, we are very fortunate to have finalized an arrangement with a local investment group to replace that debt before its term at equity valuations above our current market capitalization and will release details as soon, as appropriate. Furthermore, we have retained counsel to assist in the negotiations of our larger creditors, which is a crucial part of our strategic plan to reduce and replace our debt structure."
In closing, the CEO stated, "It has been a very challenging 12 months in our industry, however, we are very focused on furthering the implementation of our strategic plan, focusing on cost reduction and efficiencies gained from joint ventures and acquisitions, as well as, an intense focus on new verticals under the GreenParts International Logo. We are determined to execute and increase shareholder value, as well as ensure longevity for GreenParts International and its employees."
SOURCE GreenParts International
The $GNPT news, explaining the Q....FUNDING at FLOOR HIGHER than today's prices...
GreenParts International Announces Sequential Second Quarter 2015 Growth
Google+ Share with LinkedIn
ATLANTA, Aug. 19, 2015 /PRNewswire/ -- GreenParts International (OTC: GNPT), a metal and textile recycling company, with multiple locations in Atlanta, Georgia, has released its second quarter results and statements from its CEO regarding a strategic funding partner and significant growth in operating performance sequentially.
The company's second quarter results reflected benefits from the cost reduction plan that was implemented the previous quarter, which has advanced operating performance. The company reduced expenses progressively by 30% and saw revenues grow by nearly 35%, while gross margins returned closer to the company's historical average. As a result, before interest and depreciation, the company was profitable for the quarter.
"Our commitment to deliver on a broad range of cost savings and production initiatives has helped us improve our performance and endure the steep declines in ferrous metal prices, which still are down 30% from the prior year," said Asif Balgamwala, President and Chief Executive Officer. He added, "We are still recovering from the industry decline which has impaired shipments well into the second quarter and adversely altered our ratio of inventory cost to selling price. Additionally, we assumed new debt to take advantage of the opportunities, not only in cheaper inventory, but, most importantly, to execute on our developing new divisions. We expect the benefits from these efforts, combined with more stable market conditions, to provide further improvements in our operations. News about GreenParts International's continued progress and new endeavors will be forthcoming shortly. In addition, we are very fortunate to have finalized an arrangement with a local investment group to replace that debt before its term at equity valuations above our current market capitalization and will release details as soon, as appropriate. Furthermore, we have retained counsel to assist in the negotiations of our larger creditors, which is a crucial part of our strategic plan to reduce and replace our debt structure."
In closing, the CEO stated, "It has been a very challenging 12 months in our industry, however, we are very focused on furthering the implementation of our strategic plan, focusing on cost reduction and efficiencies gained from joint ventures and acquisitions, as well as, an intense focus on new verticals under the GreenParts International Logo. We are determined to execute and increase shareholder value, as well as ensure longevity for GreenParts International and its employees."
SOURCE GreenParts International
GNPT with news of funding at HIGHER FLOOR prices than today makes the PR GOLDEN!!!
$GNPT NEWS OUT..........................
GreenParts International Announces Sequential Second Quarter 2015 Growth
Google+ Share with LinkedIn
ATLANTA, Aug. 19, 2015 /PRNewswire/ -- GreenParts International (OTC: GNPT), a metal and textile recycling company, with multiple locations in Atlanta, Georgia, has released its second quarter results and statements from its CEO regarding a strategic funding partner and significant growth in operating performance sequentially.
The company's second quarter results reflected benefits from the cost reduction plan that was implemented the previous quarter, which has advanced operating performance. The company reduced expenses progressively by 30% and saw revenues grow by nearly 35%, while gross margins returned closer to the company's historical average. As a result, before interest and depreciation, the company was profitable for the quarter.
"Our commitment to deliver on a broad range of cost savings and production initiatives has helped us improve our performance and endure the steep declines in ferrous metal prices, which still are down 30% from the prior year," said Asif Balgamwala, President and Chief Executive Officer. He added, "We are still recovering from the industry decline which has impaired shipments well into the second quarter and adversely altered our ratio of inventory cost to selling price. Additionally, we assumed new debt to take advantage of the opportunities, not only in cheaper inventory, but, most importantly, to execute on our developing new divisions. We expect the benefits from these efforts, combined with more stable market conditions, to provide further improvements in our operations. News about GreenParts International's continued progress and new endeavors will be forthcoming shortly. In addition, we are very fortunate to have finalized an arrangement with a local investment group to replace that debt before its term at equity valuations above our current market capitalization and will release details as soon, as appropriate. Furthermore, we have retained counsel to assist in the negotiations of our larger creditors, which is a crucial part of our strategic plan to reduce and replace our debt structure."
In closing, the CEO stated, "It has been a very challenging 12 months in our industry, however, we are very focused on furthering the implementation of our strategic plan, focusing on cost reduction and efficiencies gained from joint ventures and acquisitions, as well as, an intense focus on new verticals under the GreenParts International Logo. We are determined to execute and increase shareholder value, as well as ensure longevity for GreenParts International and its employees."
SOURCE GreenParts International
That is how I read the PR yes, no discount to market....convertible at a fixed price which is higher than today
For the type of GLOBAL deals SAH has made, do a google search into the SIZE of what they have, including GE.
Welcome aboard Lifetime....a welcomed asset here. We survived the quarter and people have to remember, we are not a 500 MILLION DOLLAR VALUATION COMPANY here. Everything must be examined relatively.
I was originally not happy with the additional notes, but the PR changed EVERYTHING for me in this game.
But if you can survive the crisis and be one of the last man standing, the turnaround will be extra sweeeet. Good observation Sir.
Here's my thoughts..........
First, this has NO BASIS or fact behind it. I am not a baseless pumper and I don't want everyone to jump and start yelling this is going to happen.......
This LOCAL investor has me intrigued. Why even state LOCAL? Is there a hint behind the PR where we can get excited if we do some DD.
The first LOCAL investment partner that would make any sense to me could be.........SAH Global perhaps?
This could be for many reasons:
1. They are in the Green Business as per their website
2. They want our partnership to succeed and see what Asif can offer
3. Maybe down the road, they want to go public and raise serious funds
Doing this deal with us makes MORE than enough sense. First, they see the value in GNPT by itself and make a strategic investment. Second, they see a way to ensure our partnership works by having equity in the other side of the partnership. Lastly, they have their foot in the door of a company that has a relatively clean balance sheet that they could eventually merge into if they want to take that route to secure bigger funding for themselves.
Just thinking out loud here but feasible, and makes total sense..................