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Yanke, it is just a guess, but if the revs were significantly higher they wouldn't bother with a reverse into a pinky imo
new, a more realistic and even optimistic estimate would be a few million in sales.
lol, I hope this does go to da moon but for those just venturing into pinky land - try to apply at least some commonly accepted investing principles like take some profits if it does go up from here and invest only a very small part of your portfolio into something as speculative as a pinky.
Hey Doc, if people take your advice and keep buying and next week we are at .015 will you change your name to Dr. Awful
You have to remember this is a pinky and maybe this is different than other pinkies but they are usually set up to benefit the ceo and anyone else with their hand in the till. You got to keep it real doc unless you plan to disappear if things don't go the way you are painting them. If they do go your way then you're a hero.
mm's having a field day on the spread now
Dr. ggi are pros at this type of financing. If there is going to be a reverse merger and fccn will no longer exist then I'm sure that ggi covers their arse and is not left hanging. Maybe there will be no more money owed ggi and maybe that is part of the deal with the merger.
maybe fccn will be the exception but there are very few that get out of the death grip of this kind of financing. It's free money and the ceo's of these companies have their lavish life styles to finance.
ggi provides 'death spiral financing' to pinkies and otcbb stocks, and the description of the financing they provide says it all.
there may be more than 28 bidwhackers bidwhacking at 28 but she is holding up with this whacking bid onslaught.
a lot of bidwhackers bidwhacking at .028 and she's holding
anyone have a good idea of the number outstanding shares?
wick, what's your plan on trading this with low risk.
i got that figure off of yahoo finance and probably not updated.
wick, if the o/s are about 900 mil. and we are at .03 that gives us a market cap of 27 mil right now. We may be fairly priced already. What do you think.
ajcm, the exceptions are very rare and in 'almost' every case these pink sheet stocks are just scams and sometimes very elaborate scams and there is often a ggi making a lot of money while investors lose all. Look at gmfx formerly gzfx before the 1 for 1000 reverse split. I don't know enough about fccn or this reverse merger but one thing for sure it never hurts to take some profit and maybe play with free shares.
'People need to remember that outside of iHub, pinkies are looked at as the scum of the stock market world...' and rightly so in almost every case. There are always exceptions to the rule.
wick, there doesn't seem to be enough money to keep this thing going - the selling of shares isn't bringing in much.
wick, how much did jf borrow and from whom?
wick, I don't know if ggi or jf can sell enough shares to keep this thing going. There just isn't enough volume and when the r/s comes again there may not be enough volume either. what do you think.
I'll match that with 5 shots of pure concord grape juice.
I don't think ggi can get nearly enough money at these levels and volume. It looks like this could go sub penny in a couple of weeks and then what. If there is another split there won't be much buying if ggi still has a big chunk of money to go and then down we go again. It seems that the big question is how much more money does ggi have to get to satisfy their agreement with jf and how much more money does jf want. What happens if there is no way ggi can get their money back?
are we making any money yet?
looks like ggi is getting impatient and not waiting for bid to build before dumping.
wick - fccn
ot wick, fccn is doing quite well. What's your plan on this one.
looks like ggi is getting impatient and dumping more shares.
I wouldn't buy this here as the pattern continues. IMO they can't raise enough money with the volume at these levels - so what's next?
ggi is getting impatient and not getting much money selling at these levels with the volume they are dumping. wouldn't it be a laugh if no one bought this thing and ggi couldn't recoup their money.
I don't know how many shares ggi has to sell but they aren't getting much money with the volume of shares they are selling here. If jf dips into the ggi pot again and he probably will then this thing is headed sub penny and reverse again. If ggi gets impatient and really starts selling then we could be sub penny very soon. They seems to be using some restraint here and trying to bring her down slowly to maybe suck in some unsuspecting people here who think they are getting a bargin and the bottom has been reached.
there's about 300k shares traded so far today. that isn't much money - only about $12,000. there is a lot of selling to go and it doesn't look good for the price right now. i think wick is right, there will be another stock split as this thing submerges
again.
don't be confused, you lost all your money.
jf knew what he was doing from the beginning, he knew he would wipe out thousands of shareholders. he knew many would get very angry and inform the sec and many would talk of suing him and maybe a suite would be filed. He was willing to live with all of this to make the money he did and he had a good time doing it.
It was all part of his elaborate con - WELCOME TO THE OTCBB
Jimbo, just remember, this happens constantly in the otcbb and pink sheets. warning people of jf is a good thing to do but even better is warning people of the otcbb and pink sheets in general imo.
WOW - you realize how full of bullsheet jf is when you listen to that. He was one of the best con men I have seen in the otcbb.
now we're getting much closer to the thinking of jf - a master con man. He thought the ads on the net would suck in a lot of new money and they did bring in some but many were starting to catch on. He is all about appearances and he was looking for some big money to put in his wallet so the game had to be well thought out and more intricate than most otcbb and pink sheet stocks. He did a good job and he showed the only talent he had was stealing shareholders money and putting it in his pocket and he was quite good at it - for awhile.
simba, wick should know this
ggi is going to get itchy for their money so we could get submerged for a time. there may be a trade in this but only after ggi cashes everything in if they ever do as jf needs money to keep adding to his bank account.
in investing it's much better to have knowledge than faith. lot's had faith in jf and they got the shaft big time. learn the fundamentals of investing if you want to make money in the markets.
BINGO, that sums up in a few paragraphs, from a independent source, one of the reasons to stay away form otcbb and pink sheet stocks. It should not be legal for jf to do what he did. It is white collar crime at it's finest and be wary of anyone who makes any excuses for or tries to justify what jf did -either they don't know what they are talking about or they have other reasons.
I believe that some of these otcbb ceos short their own stock in off shore accounts and in other names. Why not, they know the price is going to zero and they can make millions in the process as long as they don't get caught.
we have traded the equivalent of 127 million shares today in pre split numbers for a total value of about $6,000 if you can believe it. WELCOME TO THE OTCBB
JF LIVING THE DREAM - SHAREHOLDERS LIVING THE NIGHTMARE
jf is going to start a new company similar to macdonalds, selling
burgers and pizza - what an idea! I've heard he needs to raise 500 million dollars which he doesn't think is a problem once people hear of his plan. He wants everyone to put their ira's in his new company and he promises their will be only 20 billion authorized shares this time instead of 25 billion so we can't lose. The extra shares are just in case he needs them. Best buy will give out free certificates for burgers and pizza which will draw a lot of people in. Instead of a bus tour he will buy a jumbo jet and tour the world and open his new joint in china and the the Sudan. OK, let's all of us jump in as he has the experience and now will be able to get the 1 million dollar salary he deserves plus a few million in perks each year. Let's tell all our friends and family as jf is 'da man' we can trust.
He wants to make us all a lot of money.