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Did you speak with the TA and get an update on the float since June?
You don't really think all those 144 shares are still locked up do you?
VMNT does NOT have $30 million to do deals.
Read the news:
"Kessler Whiskey got it’s start in Colorado back in 1888 by Julius Kessler. Kessler was an old west business man who originally sold his whiskey in the time honored tradition of the Fuller Brush Man. That is to say he did it by going from saloon door to saloon door to hock his alcoholic wares. He and his business were successful and continued to grow until he gave it all up in 1921. Some call it a retirement, but I think prohibition settling in might have had more than a little something to do with it.
In 1935 (2 years after prohibition ended) the Kessler Whiskey brand was bought by The Seagram Company and through it’s later dissolution the Kessler brand ended up being owned by what is now Beam Suntory and is currently the #2 American Blended Whiskey in the world behind Seagram’s 7. That’s quite the adventure for a brand that start out being sold door to door at Saloons in a small town in Colorado."
https://thewhiskeyjug.com/american-whiskey/kessler-american-blended-whiskey-review/
you've apparently never drank Kessler.
Goodbye --- and IF you do come back --- I personally will join in with the rest of the crew here and brand you a person who's word cannot be trusted.
I will tell everyone that you say one thing and do another --- thus telling them you cannot be trusted when you say you will look out for shareholders.
STAY OFF THIS FUGGING BOARD!
Lazarus
If the company can indeed attracts MILLIONS from investors - then the stock has the potential to go to dollars.
That said: buy the sizzle / sell the steak or buy the rumor / sell the news is the general rule.
I had one stock not long ago that said pretty much the same kind of stuff... and it did indeed go from .13 cents to dollars. BUT, when things didnt materialize as promised -- stock went back down under a dime.
Are you aware of the the preferred structure? All savy penny traders (and there are lots of us out there) always seek to find out the voting rights and conversion rights/terms of the preferreds.
For example - I can point you to a penny stock that has 5,000,000 preferred shares but if you dig into their past filings you find that each preferred share is convertible into 1,000 common shares. So the CEO of the company actually owns 5 billion shares, but the average person looking at the stock does not know that.
Sometimes the conversion is in dollar value.
Then there's the scammy SUPER SHARE - where its listed as just one outstanding preferred share -- but that share has a conversion right into 51% of the common shares.
Anyway -- just few examples.
This is one of the first things most veteran penny traders sort out. Surprised it hasnt been addressed here yet.
I just hope to GAWD that he actually stays off this board -- but I kinda doubt it. He doesnt seem to have the self-awareness to realize the damage he does to his own reputation with his posts.
I think most have given up. They need to have something really good in the works to take this up. Market is correcting and we're headed into tax loss season.
Its been a good year for penny stocks so I expect those with profits in other penny stocks who are underwater here will be taking losses on this one to offset gains elsewhere.
I hope all the longs here make a fortune... I just dont see it happening. I did entertain hope, but all hopes I had were dashed by all the craziness.
Price reflected yesterday and today is the post-split price. If you're shares haven't been split adjusted -- do not sell them.
"I've got a feeling ..."
EXACTLY!!!
i follow those instinks. ALL.THE.TIME.
hey, i gotta feelin that the cowboy club in oolklahoma [NSYC]is gonna do well. Maybe go private... or maybe get bot out.
My bid got hit today at $272
divy yield = 7.3%
Here's an interesting read (It hit the internet right after the virus first surfaced)
Cant vouch for its veracity, but found it fascinating nonetheless.
Coronavirus (2019-nCoV) is biological warfare to decouple the US-China economies as a prelude to US attacking China in a fighting war
Late 90's into 2k was crazy. Pigs didnt just have wings, they had rocket propulsion.
EUTO TO PLUTO!
So many characters back then: Mr Metals, the Bard, Jim Bishop, etc...
Do you remember Harmon and the phrase he coined? "ZERO GRAVITY"
even had a website zgigroup.com
zero gravity investment group
I recall reading your story a year or so ago - dont recollect at the moment , just that it was crazy.
I gave up 7 figures in paper profits myself back then --- but still did VERY well.
True, but still there's a lot of shares that traded higher during this year -- one day 107k shares traded as high at .30 cents Tax loss selling is just math.
i.e. if you own 20k shares at avg cost of .20 and sell them for .09 that.s $2200 loss against gains elsewhere. All things being equal, if you like the stock you may be able to buy back in at the beginning of the year at close to same price you sold (and start with a lower cost basis).
Good for you! I dont see anything bullish about the Form 4 and their last Q was pretty dismal. Notwishstanding this days pop (and perhaps another pop or two) I still think the overall trend is DOWN.
Decent levels to accumulate -- but given that we're headed into tax loss season in a couple of months -- there's a good chance cheaper shares will be available.
Maybe, maybe not. The now defunct print to internet business was based in Kuala Lampur.
Their business model was to translate the Newspapers (from businesses in the US) to internet.
They actually did a pretty decent job and had a contract with McClatchy for awhile. This was back in the early days when paper newsmedia began to be published online. Another company took over the McClatchy contract - probably for a lower price, and did a better job.
A niche industry.
Outsourced print to internet is why rags like the DailyMail have such poor grammer and so many mispelled words.
So, it would not be a surprise to have a company from Malaysia take over the shell since that was where all the work was done (main office was in New York).
Someone should try calling the # listed on the profile page
News out today - which explains the volume:
Kelyniam Global Releases 2nd Quarter 2020 Financials
Penny idiot here... (those with brains need not listen)
This tweet today from Colarion:
TWEET
Why Colarian
Blend of liquid and microcap strategies with a focus on the banking sector.
_____________________________________
So I'm not the only one investing in these OTC pinkies with nanocaps.
I got a fill awhile back on my bid, but lately they've slapping the ask and widening the spread. Ok by me.
They just put a promo video on their FB page.
I think Fidelity charges a foriegn settlement fee, not sure about other brokers.
I'm never as concerned about fees, as I am the prospect of being right and making $$$. That's partly due to the fact that in the 90's when I was trading pennystocks the commissions were $29.00 per trade, but with pennystocks they had a surcharge per share -- so my commissions going in and out of trades was sometimes between $200 - $250ish -- which was in and of itself enuf to steer one away from penny stocks.
That said, with ridiculously high commissions back then and no level2, along with the fact that pink sheet stocks were not quoted on a trading platform -- you had to go to pinksheets.com to get a quote (because the orders were filled by brokers over the phone) I still managed to make a shit-ton of $$$ trading them.
RE: <<<I like stocks that pay moderate and growing dividends and I almost never sell them.>>>
Yes, when I find solid dividend paying stocks in pennyland (and I have several) I am very reluctant to let them go.
One of my nanocaps made a big move up today, someone hit the ask for 50 shares @ $290 - $300 bucks. Given the avg daily volume is ~9 shares that's significant trade for this stock.
At $300 per share, many dont consider it a pennystock --- but with its tiny OS the market cap is only around $13 million.
Even at $300 the dividend of $20 per year yields ~ 6.6%
And given that its the WORLD'S LARGEST STOCKER AND FEEDER CATTLE MARKET on the planet, it complies with Jessie Livermore's rule: “In any sector, trade the leading stock" ...lmao!
... only in this case its not a trade but a hold (although I'd let some go around $550-$600) I would neither sell nor buy at these prices, but I do have GTC orders to buy if it dips,
Here is their website Company has been in business for 110 years. Solid, hard working folks. Gotta luv it
Here's an article that was written about them ~ 8 years ago.
They also have a FB page where you can tune in to the cattle auctions.
Some of the best stocks on the planet are in pennyland. (I would not even mention the stock -- except its moved up out of my BUYZONE).
The company on Instagram is a subsidiary of Public Bank. You can find more about Public Bank HERE
fwiw - I know a bit about this company and even used their server service in the 90's before they failed as a business and Peter Wardle took over and turned it into P2Ionline.com -- which also failed.
Looks highly suspect to me. While I would be happy to get out my underwater shares -- I prefer it not be at the expense of pump job based upon non-factual information.
Becket is the CEO of THIS COMPANY
They're only about 5 years behind in their filings and issuing shares out the wazzoo.
I recall reading somewhere Jeffery Beckett saying that he gets involved whenever there's PROBLEMS.
Dood, what happened? When we gonna get to a dime?
"Warning! This company has posted limited financial disclosure through the OTC Disclosure & News Service or is late in their filing obligations with the SEC."
https://www.otcmarkets.com/stock/CLSI/quote
I foresee some real problems here in the future.
Their balance sheet looks totally bogus.
Note all the assets listed.
Note that the sum of the assets is zeroed out by the accumulated depreciation. There's nothing wrong with accumulated depreciation of assets to ZERO.
When I was in business many of my assets were depreciated...at times to ZERO. Same with rentals I owned on a 20 yr depreciation schedule.
The problem is the company should still have those assets even though they have depreciated them to ZERO --- BUT I'M CONFIDENT THAT ALL THOSE ASSETS, LAND, BUILDING, VEHICLES, FURNITURE, ETC are held with Liz and Co.
CLSI DOES NOT OWN THEM
Its one thing to depreciate them --- quite another for them to be GONE.
if you think I'm wrong --- just ask a CPA.
(Or -- cal the company and ask them if they own the land and building, etc)
That would be nice because I just looked and saw that I have 39133 shares I purchased at .06 cents --- I think in 1999. Take to .12 so I can sell 10k and ride some freebies.
dood, there is NOTHING here but hype. Read their filings. At .02 cents they have a market cap over 5 million.
Look at all the millions they've manage to suck out of investors over the years -- and what have they achieved with that money? NOTHING!
Compare that with other penny miners like SBUM with 87 active mining claims that's trading with a market cap of less than half of this.
Hollee molle... I see the stock is up 150%!!!
Are we going to be the next CARMAX?
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<tic>
I see nothing has changed here other than they managed to pump the stock in the stratosphere. They have one lease, (renewed and paid for with shares) no working capital, and still scouting for working capital.
Geesh --- what a waste.
I suspect some ALBY insider yeilding up shares
Ha, sentiment in penny stocks and penny players can change on a dime. I've often found that with penny stocks -- some player will accumulate or grab a large block and before long they'll have buyers regret and want to flip out ---and end up driving the stock lower.
All indicators still point DOWN -- regardless of who bought today.
Market cap is at least 15 million on a fully diluted basis...i.e. there are ~105,000,000 shares OS including preferreds
book value is ~ .006
Revenues down over 50%
For the 6 months ending June 30th the loss is $40,406 on $87,309 in revenues
ITS ALL RIGHT HERE IN THE LAST