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Hold on tight? Heck, I BOUGHT stock this morning. BOught LOTS of stuff. Been slowly selling off for months. Today i went "all in" again.
It may be early, and it may not be the bottom, but i went all in. Bought GOOG that you mentioned was down $40 at the open. It is down $4 now, and up $30 for me. Bought PCU (I like it a lot) bought NE, bought COGO.
Oh, and if anyone wants to know - no I did NOT buy DPBM.
I don't see the same upside in DPBM as the others. Still OUT on DPBM. For now.
Will we finish green on the market though?
I hope they let me answer today's questions tomorrow. I have not gotten an email back yet, and so can't answer ANY questions "yet".
If they only allow answers on the day it is posted that would be bad. I'd miss a day and be 20 questions behind already, right out of the blocks.
IM me if you are online now.
gomeljohn9@yahoo.com
hey -B. What are you doing at this hour? Looking like the rest of us? Looking to see the slaughter of the day? (ouch)
Any forward motion on your part on that private deal you and I talked about?
So you KNOW already how many you got right and how many you got wrong? Wow. INteresting. And I take it that means you can't go back and hange your answers to the ones you got wrong?
max
Are you working your way through all the questions, or are some stumping you? Do we need to compare notes a little later and see if we need to sneak some peeks?
So, how's everyone doing in the contest?
I finally got registered tonight, and now I'm waiting for the email with my confirmation so I can start. Anyone else out htere already start? Are the questions aout what we expected? Come on, SOMEONE has tob e working this contest. How's it look to you?
How do you get IN to the contest?
When I click on the contest, it takes me to a page where the "register now" button is hard to see. But, once I click on that, it asks things like my name and email and all that. Yet, there is no ability to fill in the blanks. they are there, but not "interactive".
So, how does one fill in the contest registration form??
That's good for her.
Bummer for us though. LOL.
OKay, good luck then LInda.
Linda, can you play the contest?
I saw that it said no one that is a employee, or their immediate family, can participate in teh contest. Does that affect ou? I haven't followed the "who is who" game much, but is your brother an employee of DPBM? And if so, does that eliminate you from playing?
Just curous. WOndering if a competitor would be eliminated before the contest even began (Yeah, you worry me. I tink you will pursue this game HAAAARD) LOL.
Linda,
I understand not wanting to judge somebody who is innocent. But, that doesn't mean that we give EVERYBODY a PASS no matter WHAT they say or do. Or that we should not judge them.
<<And, what if you are wrong? What if Wilf really is innocent? You say a CEO of a company has no business announcing something before he finds out if it can happen. Well, Wilf announced the bon voyage but, GOD had other plans. The hurricaines hit remember>>
The hurricane hit AFTER he missed the deadline. And God did not tell Wilf to lie to the investors and tell them that he would not sell any more shares of the company, and then have him do it anyway. Just not God's style.
As for a CEO saying things that don't come true? You are incorrect on that thought too (Unfortunately) Instead, it IS true that a CEO should NOT say those things if they aren't realistically going to happen. Why? Becuase he IS a CEO. A CEO of a public company has a fiduciary responsibility to the investors to state things that are accurate. He can't speculate, and he can't state hopes. He has to use the "prudent man" arugment on all releases. He also can't post things that are of a material fact on a blog that is passowrd protected. that allows the chosen few to see the information but not the public. that is not allowed. Remember the post about how a phone call was made WHILE the boat was pullig up coins? That was an insider information leak that if it happened was illegal. The sale of shares into the market, even though they were supposed to be restricted, by letting someone else borrow them and expecting to buy them back later? If that happened, and I hvae a feeling it may have, then that is illegal. Stating that he will not sell shares into the market and then doing it? That too is illegal. It would not be if you or I said it. But, it IS for a CEO to say it. they have different rules. Let me show it this way.
OJ was found not guilty on the cirminal trial for murder. OJ was found guilty in the civil trail for murder. Which one was right? In reality, they BOTH were. Criminal law states that it has to be beyond a reasonable doubt to convict. It was not, so they had to acquit. The civil law says it has to be a preponderence of evidence that he was guilty. Did the juries THINK he was guilty? they did. So they found him guilty. Yet, even if the jurors in the criminal case THOUGHT he was guilty, they would have to vote not guilty, due to the law for that type trial.
Same circumstance, two opposite decisiona, and both were right. Because the LAWS were the guiding factor, and the laws were DIFFERENT in each case. As they are for a CEo vs us as investors. YOu see what i mean? He CAN be guilty of SEC laws, even if things are tue and accurate. A nd when tey are not? Then it is worse!
And the SEC has LOTS of laws. Laws that say that what WIlf says can't be said in a private blog. laws that he he can NOT (to quote you) announce "something before he finds out if it can happen" YOu and I can give hopes. A CEO pretty much can't, unles he has STRONG reasons to think they ARe coing true. The Deep Scan was sold. Period. Yet, it was not. the Deep Scan will be done in two weeks. Yet the fiberglass is not on a full 3 months later (or more??) these are things that are not allowed by a CEO.
Can we judge him? Yes. Is that bad karma? You mentioned God and the hurricane. God doesn't talk about Karma. If you relly think about it, the biggest thing God offers is the OPPOSITE of "karma". Remember "God's riches At Christ's Expense"? Grace. Not Karma, which would mean that we DO get what we deserve, and the "universe" builds positives and negatives and counts them towards our account. Then, what we deserve we get. If you want to bring God into the picture, things are a LOT easier than the SEC laws. LOL. For by grace are ye saved through faith, not of works, lest any man boast. I like that BETTER. But, this is not the spiritual world. This is an investment - with human laws. And I think WIlf is breaking them. Personal opinion. And I think we should be able to SAY so if we think that, and not "Not judge him". This is not a doctrine class. So I"ll stop before discussing the Bible offends others. So back to your karma idea.
Would you not have bad karma if you allowed someone into an investment and they lost their money, and you KNEW that the CEO was committing acts that you thought were illegal and would help that person lose their money? If you want karma, THAT is where I would think it would come into play. Granted, I think CAPT goes about it in a bad way at times, as he is frustrated and says things that may not be the best put. But, to take the opposite side and say that Wilf gets a free pass on ALL things, because we want our OWN karma to be good? No, I can't agree to that. Not as a God fearing man. Even God reprimanded the church in Revelation (there is no "S" on the name) for not judging that woman Jezebel within their midst. I think WIlf should be accountable for his statements, and to say to not mention them is not the right way to approach it. You can BELIEVE him if you want, or not belive him, but to say that you see his "misstatements" and that we should not judge him? No, that is a contradiction in my book.
I hope Wilf comes through for you. And for all longs. But, he has done things that I feel are wrong, he continues to do things that I think are wrong, he has said things that he should not have said as a CEO, and he has failed the SEC prudent man standards on a LOT of his statements and predictions. ANd I think that spells trouble for the future. Just my opinion, but that's what i think. And it's not bad Karma coming upon me for saying that.
I find it surprising that the discussion is over whether Wilf is honoring his word or not as to going to the DR on Janaury 15th.
Folks, the reality is that Wilf announced a major shareholder meeting where we all would have the oppotunity to send the crew off to the DR on that Saturday. NOT on Jnauary 15th, but way back at the meeting! That to me was a MAJOR announcemnt. He invited US to coe to SEE them and see them OFF. And then that not only did not happen, but there was never any announcement that it would be delayed. It just ... "didn't happen". I don't even think the boat was THERE. Was it? Don't I remember something about it was elsewhere that day???
So to ME January 15th means NOTHING. It is just another date. If he sends them that day or sends them later, it doesn't matter. He still is not a man of his word. And as for "doo doo happens", sorry RM. A CEO doesn't make a major announcement, set up a shareholders meeting, and invite people in from all over the USA (shareholdes) to send the crew off and then not do it and not even say that it is not going to happen. That is wrong! He left that false impression that they wre going that Saturday in our minds the whole time leading up to the meeting. He lied. And he wasn't off by a day or two, but off by a LONG shot.
The man has no honor. And his word means nothing.
The Deep Scan is just another issue. First it was sold. Then it was not sold so will go to the DR. then it was not sold, and can't go to the DR becuse it isn't very (seaworthy)! It is an albatross! And he has lied about it. Just like he lied about not selling more shares or needing to increase the float. the question is "HOw many times does a man have to lie in order for people to see him as a liar?"
The stock price shows that his support is gone. And when -B gets to the point where he gives up and sells that 20MM shares or whatever he has, I see the stock going even lower. Not "much" lower, but that's because it is already worth less than a penny!
One last thought. If something GOOD actually comes out on the company, I do NOT see the stock moving higher and staying there. Think about it. Even the LOYAL people on this board have said "I need it to go up one more time, so I can get OUT". There are so many people that are lined up at the door, waiting to get out when it "goes up on good news" that it will probably go up and then come RIGHT BACK DOWN. So, IF you get that lucky, get out early. Don't delay. Hit the door before the others do, or you'll be stuck with it back at a penny again. Just my opinion. WHich obviously has turned much more bearish than before. I truly think that the dishonesty of this CEO WILL come back and crush this stock AND the company in the future. regardless of any finds that are brouhgt up.
And I HATE being bearish on ANY stock. NOrmally I am either a bull or I am silent. But I see so many disputing things on this board that should no longer be disputed. He has lied. MUltiple times. On multiple subjects. He crushed the rally in 2007 by selling shares that he should NOT have been selling. A treasure was found and yet has not been searched for in what? 1/3 of a YEAR? there are problems here, and I repeat that I HATE to tell people it is not worth owning. I'm a perpetual bull in the market ... on SOMETHING. And I hope you don't call this whining. I'm stating some facts, and some opinions, and that is what this is. Since I don't OWN any shares at this time, there is no reason for me to whine. But, I can INFORM others that this CEo has proven himself to be untrustworthy, and that is worth repeating once in a while.
Good luck to all longs. I hope the spike DOES occur, and you all get out with a profit. I doubt it, but I can at least hope for it for you.
Now, on the contest and the prizes.
Called painting the tape, not paintig the chart.
Same thing though.
CAPT - are you on this board right now??
I guess not. (This is now 10 minutes later)
Email me at gomeljohn9 at yahoo so I can reply to it and get you something. I don't have your email at this time.
Thanks
Top 10 contest
You must hold all year long huh? Hmmm. that makes it tough. There are a lot of stocks I like that I'll play for an interemediate position, but for the entire YEAR is a long time. So much cloudiness in the future I see.
Stocks I would hold for ALL of 2008...
RSFF (my fav by far. So much positive going on, huge revenue growth, and back to positive earings. I see a quadruple at least)
CMT (They fell some because of truck orders falling after the reg change, but another one is coming and I think by the end of 2008 orders will be cranking agin, making them go up about 50% this year. Which is less than the quad above, but I don't have many I feel are realistically a quadruple!)
HERO (In spite of the drop, I feel they shall recover more than other sin the shallow water arena, and although it may not be spectacular, it IS at a 6 PE and if earnings go up some as I expect, I see it popping back a good amount)
CASH (Can I do that? Choose cash? No not a symbol, but cash itself. I know it would give me a 4% gain in a money market, but if the stock market goes DOWN in 2008, then cash will actulaly be a WINNER.
MER (You can't win contests by being conservaitve. You are either a winner or a loser, and there is no "adequate" catagory. So I"ll add MER, witht he though that it is beat down SO much already ... and may be lower by Feb 1 ... and should eventually recover. Or be bought out by a chinese wealth trust. LOL. The future belongs to the chinese. Bank on that!
And ... due, can't you do five stocks instead of ten? It is going to be a tough year, and choosing ten might be a tough thing to do.
Or can I shoose RSFF again, and RSFF again, and RSFF again? And 2 more of the CASH again too? That would add the last five picks to my list. LOL. Seriously though, those are five, and I don't HAVE ten.
NOt for a YEAR.
Out of HERO?
I'm just buying. Might have bought your shares. LOL.
But thta's what a market is all about. Buyers and sellers meeting at an agreed upon price.
I think the recovery will happen in 2008 fo rhtem, and earnings will pop back up. SOme of hte rigs have long term contracts, others are working well, and the gulf seems to have done all the damage it can to them for now. I think they have been oversold (Which is why the insiders were buying too. They think it is undervalued) and ignored, and as other companies do well and get pricey that people will come back into HERO. So I'm buying now. Writing some calls to give some hedge, but writing for small amounts at hgher prices, so I don't cut myself too short.
Niles,
I too like ALY at these levels. I own some of it and shall ber adding more this coming month. Adding because my NE should be called away from me on a covered call. That will give me a nice profit and some cash to invest. I'm going ot let the NE get called away and move into ALY plus HERO because I agree with what you said. The ones that got knocked down the most last time came back the hardest. I think ALY is a good play, althugh I"ll cover it with calls too and limit my upside (While protecting my downside). I'm actually buying more of HERO, as I think it is going to react stronger on the next leg up, but I like both of them.
And that RSFF that you and I talked about too, of course. Still my #1 favorite for the entire 2008 year, as they go from the debacle of the merger to showing solid earnings and huge revenues.
ANyway, I"m losing DO, NE, and SLB all in the next two months, all at nice profits. Adding to HERo and ALY in that sector.
I saw some news recently that explains HERO. It talked about the gulf being so poor in 2007 and how it really hurt comapnies that werwe focused there. HERO is pretty focuesed there. And it mentioned HERO by name. But, then it said that 2008 shopuld really turn around for the firms int he gulf, and that they expected HERO to pop up to about $40 by the end of 2008.
I don't know the company well that wrote it, but they seemed to have a lot of opinions on different oil related companies, and HERO was one of the best recomendations they had for the year. Hopefully you will get your rewards this year.
(And yeah, I gotta add. Hopefully I will get my rewards on RSFF this year too. LOL)
More from the blog... From WIlf
<<The Deep Scan is still owned by DPBM and I have not decided yet what to do with that boat, if we don't sell it I would like to use it for the Mag job in KW, before we move it down to the DR. The Miss D and Lady Laura will stay in KW for now until the verdict is in on the mag job.
>>
SO much for it already being sold.
<<The crew size will stay with 3 on Deep Scan and 5 on Tracy. That makes payroll easier for me to dig up every 2 weeks.
>>
that sounds like it will NOT be sold. Many people were happy when it was sold, so now that he is talking about the crew for it and the future, I guess those people are disappointed. (Me too. It sounds like osmething htat should be gone, form what I read)
Revenue "may" come in during 2008?
This is much later than I expected. Look at htis answer.
<<Do you have any idea when revenue will start coming in?
CommentAuthorwilf CommentTimeDec 20th 2007 Max:
That is a good question, but not easy to answer. Deep Blue is a company that is sort of based on all or nothing. Cash flow will start after the division or when we take on a inland job that makes good money. Now the concept is that if we get on top of a load, then we have lots of press and lots of demand. The demand for artifacts is only there as we develop a market for them.. So things like TV series etc. build the demand. The cash flow will grow as demand for artifacts grows. It's not like owning an oil well or a MacDonalds.
So the bottom line is as soon as we can, and I hope that is in 2008.
Wilf
>>
All or nothing? So, if it doesn't work, he can say "oh well, it was all or nothing. a high risk. you lost." And also whereas before I thought 2008 was the year we would get some revenue, it looks like he is setting it up to be delayed, and there might NOT be revenue in 2008.
I know. NOt good news. But I share it because I think this little blurb means something for he future of the stock.
Oh, and I also saw this.
<<2008 will just go along like ti's supposed to. and at the end of it we will all sit back and say, wow, that was a year, then 2009 will come along and rock our socks again with even more outstanding things, A renewed contract, a movie deal or 2 a couple of more wrecks, and ........... just decide what we want it to be and it will be. That even includes the share price, it will go where we need ot to go. Wilf
>>
Amazing words from a CEO. Most would not write something that bold, as it smells of stock manipulation and also hyping. SOmething that could get a company sued in a class action if it didn't happen. And we know that all he says does not always come true. LOL.
It's a new year.
So, where's the trivia game? I'm ready.
More good news from RSFF
the good news continues to pile up. the price still isn't reflecting it, but I think as they show profits and can prove to the world that they are a player they are goign to go MUCH higher. The news today should add 5 cents per share to earings, all by itself. Shoot, adding 5 cents earnings per share on a 65 cent stock is significant! And we are not talking about earning 5 cents, but ADDING 5 cetns. Just from this change.
Yes, I still see this stock going MUCH higher in the future. In the NEATR future (3 - 6 months!)
:-0
<<CINCINNATI, Dec 31, 2007 (BUSINESS WIRE) -- Resolve Staffing, Inc. (RSFF)
announces today that the Company has renewed its national workers comp plan for
2008 with favorable terms.
Resolve has renewed its national workers compensation program with American International Group (AIG) for 2008. Due to Resolve's aggressive risk management
program and strategic relationship with AIG the renewal includes a 20% discount, versus 2007, in overall rates. This is an approximate $1 million in savings which
will have a positive impact on gross profit for 2008.
Ron Heineman, CEO stated, "Renewing our national workers comp plan under these favorable terms shows the progress and growth Resolve has achieved in 2007. With a 20% reduction in rates, we expect this progress to result in improved gross
profit. With Resolve's national workers compensation program and national first dollar fully indemnified Health care program, Resolve will be able to provide HRO
services throughout all 50 states through our various divisions and brands. Moreover, this will help to minimize the Company's workers comp premiums and healthcare reserves, which have caused historical fluctuations in profitability
due to unpredictability and aggressive growth. Resolve has quickly become a national Human Resource Outsourcing (HRO) company and we have the corporate infrastructure to handle continued growth. Consistent revenue growth reflects our
strengthening position as a premier human resource company."
>>
More good news from RSFF
the good news continues to pile up. the price still isn't reflecting it, but I think as they show profits and can prove to the world that they are a player they are goign to go MUCH higher. The news today should add 5 cents per share to earings, all by itself. Shoot, adding 5 cents earnings per share on a 65 cent stock is significant! And we are not talking about earning 5 cents, but ADDING 5 cetns. Just from this change.
Yes, I still see this stock going MUCH higher in the future. In the NEATR future (3 - 6 months!)
:-0
<<CINCINNATI, Dec 31, 2007 (BUSINESS WIRE) -- Resolve Staffing, Inc. (RSFF)
announces today that the Company has renewed its national workers comp plan for
2008 with favorable terms.
Resolve has renewed its national workers compensation program with American International Group (AIG) for 2008. Due to Resolve's aggressive risk management
program and strategic relationship with AIG the renewal includes a 20% discount, versus 2007, in overall rates. This is an approximate $1 million in savings which
will have a positive impact on gross profit for 2008.
Ron Heineman, CEO stated, "Renewing our national workers comp plan under these favorable terms shows the progress and growth Resolve has achieved in 2007. With a 20% reduction in rates, we expect this progress to result in improved gross
profit. With Resolve's national workers compensation program and national first dollar fully indemnified Health care program, Resolve will be able to provide HRO
services throughout all 50 states through our various divisions and brands. Moreover, this will help to minimize the Company's workers comp premiums and healthcare reserves, which have caused historical fluctuations in profitability
due to unpredictability and aggressive growth. Resolve has quickly become a national Human Resource Outsourcing (HRO) company and we have the corporate infrastructure to handle continued growth. Consistent revenue growth reflects our
strengthening position as a premier human resource company."
>>
I say about 10/08 will be the bottom in housing.
And I'm loving it. Getting some great deals already, and looking for a LOT more in the next 9 months.
RSFF. I can tell you more on it. Here's the good AND the bad.
The company was a small human resource company that decided to go big. They started buying other firms and growing. they went from $2MM in sales to $30MM in sales. that was 2005. In 2006, they continued to buy other firms, and even made it to the point of viability. They earned a profit in the 3rd quarter of 6 cents per share. Not bad for a small company. They also increased their revenue and were looking at $100MM in revenue for 2006. The stock ran to over $3 per share, and things were looking good. They MADE that revenue number .. but ran into a problem. IN the 4th quarter they decided to make anohter buy. This one was of the company that originally spun them off. Yes, the baby was going to buy the old parent. They did that, but in doing so (Some of this is extrapolation on my part. Getting information on this was hard to do. But, this is how I think I can piece it together)did the accounting wrong, according to the SEC. They did it as a merger, and the SEC wanted a reverse merger accounting. SO they had to do the accounting all over again. But that was the problem. The parent was formerly private, so none of the books were audited for the past years. They didn't NEED to be. Now, with them as the remaining entity, the comparisons had to have audited books, and so RSFF started spending a lot of money. PLus attorneys to deal with the SEC and the filings. They did all that, took LARGE expenses, and came out with losses for the last few quarters. Then, when they did the new reports, a different area of the SEC said it was a FORWARD merger, NOT a reverse. Doesn't that figure? The government is so screwed up! So, they had to do the books AGAIN using the original numbers (Meaning most of those other expenses were wasted money!) and now have FINALLY gotten what the SEC wants.
They filed new quarterlies for 2007 and a new 2006 annual, showing the new numbers. That was done in the past month. They still need to file a new 8-K, which should be soon, to show the merger announcement the way it should be. Then, they are back on track.
And back on track to me means a LOT of GOOD things. They will do about $260MM in revenue in 2007. That is HUGE. The company only has 20MM shares outstanding, and most of that is not in the float. They are expected to get back on track to positive earnings, starting with THIS quarter, as the one time expenses of that botched (IMO) merger are now finally past it. The stock is down at 60 cents or so, as you said. I personally think it will get back to earning about 5 cents a shares per quarter in 2008, which will give it 20 cents for the year in earnings. Maybe a little more, since they have grown so much. But, the key is that this former little company is going to be over a quarter BILLION in revenues this coming year (over a HALF billion non GAAP) and earn some money TOO, and yet it is only at 60 cents per share. Shoot, that's a $12MM market cap. That is WAY low IMO. So, I'm a large owner of RSFF. I have been buying shares since $1.50 (Okay, so I bought too high. I never thought they would go this low) and fortunately bought more at 40 cents to average down. I think they will at some point in 2008 catch the eye of some bigger players. Hey, doing a quarter of a billion and making positive earnings will DO that for them. And when they do, I think this stock will go to $3 - 5. Yeah, maybe a ten bagger. YOu don't get many of THOSE in this world. And if i am wrong, and it "only" goes to $1.50, I'm still golden, thanks to the lower shares i bought. But, I think they will earn too much to stay even at $1.50.
So, that's my take. I admit I think they screwed up on the merger, and the stock dropped. I also bought some shares too high. But I like it a LOT. It is the only micro cap I have in my portfolio. I normally stay with larger caps and do a lot of covered calls. But this one is worth the bet, IMO. So I'm in. (ANd disclosig it). I'm not an insider, and don't know all about the comapny, as they are pretty tight lipped, but I have followed it for long enough to feel good about the return to profitability and the future.
Hope that helps. Sorry it is so long.
You make no sense to me.
<<.40 by .63 lol. Should be a Nickle Soon, Your Correct Rat.>>
How does that mean it should be a nickle soon?
And it is "you're", not "your". YOU make that mistake over and over, so just an FYI.
Lastly, you say it should be a nickle soon, and that is okay in your books. I say I like it and give you REASONS, as opposed to just arbitrary prices, and you say that is hyping it.
So, if anyone likes it, that is hyping, and if anyone hates it, that is fine? Whatever!
Rat,
You were right in saying that they would show a profit in the third quarter. I thought it was soo soon, but they did.
Now, what do you see for the 4th quarter? I see more POSITIVE earnings, and starting to work their way to a profitable 4 quarters in a row. Then, the PE will be low, the revenues will be about $300MM, and the stock should get a LOT of notice.
But those of us that noticed it down here (And even a little higher, as my average is still alittle above where it is right now) will be the ones with the best gains.
I'm still on the bid at 40 cents, if it drops on somebody's market order. It is still thin, until it starts to get noticed by people. If they come out with about $8MM in profit in 2008, that's going to get a LOT of people looking at it. And that's "my" whisper number for 2008. :)
Good luck to all in 2008.
J
I'll look forward to Janaury when we quit seeing the float increase. Then I might even be a buyer again. Right now, I am out, as I stated when I sold.
Because reality is that if the outstanding is at its max, then the company should not be issuing any new shares. So, the ONLY way for the float to increase when the outstanding remains the same is for certain restricted shares to come off restriction and therefore hit the float. Either through registration or timing. That increases the float becuase the restriction is off of the shares (That's the difference between outstanding and float. The restricted or closley held shares that are not part of the float)
Since neither a registartion nor a set time parameter has been met lately, then the float should NOT be going up like it is. It's NOT as good thing. I still thik Wilf is taking shares that are legally restricted and allowing someone else to borrow them so they can sell them. That is showing up at the trasnfer agent as float shares, but they should not be in the float. If they are in the float already, then when someone sells and someone else buys the float remains exactly the same. The float only goes up when shares that were NOT in the float previously are ADDED to the loat via some avenue. Again, that means either a registaration or removal of the legend through some action.
The float rise has scared me. When it stops, or when it goes up because of the releasing of restrictions (We all know that some will be released in early 2008) then at lest they will be in copmpliance with the SEC> Until then, I fear that shares have been sold that were not supposed to be sold, and Wilf is doing something tht can bite ALL the shareholders. that's my OWN opinion, and NOT a stated fact, OR an accusation, but it IS my FEAR, so I have acted on it and sold what I had.
If we hit $0.005, I might be a buyer of a small position again, for a jump. I also might buy in Janaury or February, just because of the potential of going back to the DR. ALthough I also was NOT happy when we were all told that the crew would be sent off to teh DR at the shareholders meeting, and then that did NOT happen. To make a bold sttment of action for the future of the company, and then not do it, and IGNORE the fact that you SAID you would do it, that too is not a good sign, and probably part of why we are below a penny right now.
So, that's my thoughts. All OPINIONS, but why I am not a buyer, why i think it is sinking, and why I think it will continue to drop until at lesat January. Unless they come up with some good news ... which is hard when they are not under water diving.
Sorry to be negative. Just some thoughts that I think are issues that need to be addressed.
NOw ... on the the contest. I hope that the company doesn't change THAT TOO, in the middle of te contest. Yet i would bET that six months into the contest something changes. Either the number of questions, the format, the prizes, the way it is done, or the whole thing. SOmething will change though, as EVERYTHING they have done has been changed from what htey said they would do. I still want my 2nd place prize though.
I don't like the way CAPT is harping on things, and at times he shouts wolf a little too loudly, but on that point he is right. The flaot shuld not have increased as it has. UNl;ess osmoene can show me a way for the flaot of a public company to increase without the
Any update on the contest start date?
Is it starting january 1, or later in the month?
Also, I need to know who wants to work together. I have an idea as to how to increase odds for both of us, and not cause problems between us. Let me show you how.
If there are 10 questions (I'm dropping it from the real 1,000 to show my illustration), and you know 7 of the answers, yet need answers to #4, 7, and 8, and I know 6 answers, and need answres to #2, 5, 7 and 9, then we can exchange, one for one, answers. Think about it. I send you the answer to #4, since I have it and you don't. You send me the answer to #5, since you have that one. Same thing with #8 and #9, going back and forth. We each now have two more correct answers, giving you nine and me eight in this illustration, instead of seven and six. We BOTh raise our point total by two, so we don't gain on each other and don't need ot worrya bout htat, but we Do gain on all the others out there. It is going to be a tough competition, and require a lot of TIME, whch I don't have, so if we share some answers that only helps us both out. Make sense? Hey, no one said in the rules that people can't work together.
Anyway, with 1,000 questions, we may need answers to 30 or 40 that we don't know, and some will be the same one (if it is a tough one) and some will be different ones, so sharing with each other on a one answer for one answer basis will only help both of us.
So, WHO wants to buddy up so we both have a better chance of winning a prize? I'm still happy with second place, as RM will win the car. But, I know it does nothing but help BOTH of us if we team together on questions we don't know and incresae BOTH our scores during the contest.
PM me with your email address or write me at gomeljohn9@Yahoo.com. I don't have PM ability here, so I need your email or for you to email me.
Anyone up for sharing knowledge and getting a few more answers than if you did it on your own?
John
Never said I'd melt the pennies. I'm actually holding them right now, but people ARE selling them on ebay for $110 for $50 bags. I'm looking to see what happens in 2009, on ethe 100th anniversary of the LImcoln penny. All the new designs that they are ocming out with, and the attention may drive the copper pennies up some. Then I'll sell some, as I'll have a lot by then. And take my profits.
It may not be as high as DPBm may go, but then again if it goes badly I can still ALWAYS use them for one penny per penny saved. At the WORST I break even.
And if I sell them for 3 cents apiece or so, that's a triple on the effort (I won't call it an "investment", as it is more of a hobby than anything right now. I do it in my spare time, as the wife watches TV and makes me sit there sorta watching too) PLus I've found a lot of wheats in the rolls I search, not to mention 2 indian heads so far this year. That helps the effort too.
But on the bright side.
A penny is worth 2.2 cents.
In melt value. If it is a copper penny, which is (some)1982 and all older. About 18% of what i get in a roll of pennies is copper. I've been separating them out and keeping the copper ones. SOmeday I'll sell some on ebay. A bag of $50 of copper pennies is selling for about $110 on ebay. (now if they could only be forced to pay in pennies, it would be even better)
<<
If a US dollar is only worth .75 in the world market, that would make a penny worth .0075 Right. So this stock is worth more that a penny. >>
Even worse. It is worth 0.9 of a penny, which makes it worth .... .005 of a euro (WHich used to be less than a dollar)
I agree the spread is still way too high.
But, a month ago the bid was at 32 cents and the ask was 55 cents. it was a terrible spread. Then the ask went to 50 cents, and the bid went to 75 cents. Still wide, but both up.
Now, the bid is at 68 cents and the ask is at 85 cents, and has been as high as $1.01. Again, moving up on both sides.
Can the stock trade 100 shares and go down from 85 cents to 68 cents? Yep. But, the key is that 100 shares a month ago would have been at 32 cents. Now it is at 68 cents. that's a nice improvement. If it goes back to 55 cents (It could, looking at L2) that is sitll better than before. And as the COMPANY does better, and shows gains instead of losses, that bid should slowly continue to rise up.
So, although you are right in saying one sale can knock it down, it can't knock it back to 32 cents, where it was. It is growing. Both the company AND the stock.
And it has NOTHING to do with Dan S anymore, so that story is old.
Paintball, you have the wrong company.
You keep posting things like <<How about your UTS shares you never got, and the company filied late on. >> but RSFf has nothing ot Do with UTS.
Dan has nothing to do with RSFF. He did a long time ago, ut not now. And RSFF went from $3 to $0.23, so I think the damage from errors of the past (Which I think include the botched reverse merger more than any affiliation with Dan) is past, and right now the stock is growing based on the reality of MUCH larger revenues ($260MM expected in 2007, versus $30MM in 2005. That's GROWTH. So, the numbrs when Dan was involved have no bearing on reality NOW) and the expectation of a return to profitability for each of the next four quarters. As that happens, the stock should continue to rise, and I seee it eventually hitting new highs. Based on low PEs, high groth, large reveues, and a management team that has nothing to do with this Dan guy. And I"m not saying anything bad about Dan. Just saying htat he is not involved at this point anymore, as shown by the fact that his warrants were retracted a few YEARS ago, and I think he stopped having anything ot do with the company when he went over to Smarts Oil and Gas instead (Your DYNI).
So, you can like or dislike RSFF, your call. But, don't post about Dan on RSFF, and about UTS, as Dan has nothig to do with RSFF, and Ron (the CEO) is doing a GOOD job of growing the coampny and returning it to GOOD profitability.
That is why I Do like it. HUge growth, nice expected profits, already showing a small profit in the 3rd quarter, and things looking up in the future. IF you wish to discuss RSFF and what you think about its future, or even present, I'd love to discourse with you. But, not about a man who is not involved witht he company in ANY way, or about a spin off of a company that has nothing to do with RSFF in any way.
Just stay on topic, and we can talk about the good and bad of RSFF. (All companies have both)
Thanks.
<<FLOAT 330,844,143 + 205,000,000 Restricted = 535,844,143
AUTHERIZED = 500,000,000
Something is not adding up here. Who can we call to get additional info on it?
>>
More than anything else, that is the reason I sold.
I "think" Wilf is allowing his restricted shares to be borrowed and sold. Or saying he is giving them back to the company, and then the comapny is sellign them. Without registering them, and that means they are still restricted. And that will draw a crowd of people with badges, IMO. I Hope I am wrong, but the numbers don't add up.
Try the SEC enforcement division. See if htey are interested.
CAPT. YOu wrote <<Wilf needs to do another pump and get this thing to .03 or more so we can all get out and new naive investors can come in.>>
Think aboiut it.
Ths stock has in it all sorts of people withthe word CAPT in theri na,e. You, Ed, Tom, and who knows who else. People that know the industry have gotten in, brought their friends in, borught he NIEGHBORS in. It has been a lot of investing. Now, MANY are saying the same thing. If it spikes, I'm out. The key is two fold. FIrst, who is goign to buy to make it spike? People in the know are already in. they are not giving leads to new people. It would have to be new invstors overall. Do you seee a bunch of new people coming to a 1 penny sotck? Nope. It happened some on the news a while back, and we ran to 3 - 4 cents. But, now we have sold off a LOT more shares, adn the absorption is a lot higher. there are more people ready to sell. Which is my second point. YOU want to sell on a spike. LInda wants to sell on apsike A few others wnt to sell on a spike.
If a spike STARTS to happen (not does, but starts) then the FIRST one or two out the door will get to sell. tht will STOP the spike, as selling stops an upward move. the rest will see that spike end, feel it is over, and sell. It will come baack down. BEFORE a spike can really happen. Want proof of that trading idea?
-B bought shares. He said he would make it go up to 2 cents a share by buying at hte end of the week. he DID. And it lasted ... 4 minutes. When it went up a little, there werew SOOOO many people wanting ot get out of the stock that it came back DOWN. Down because sellers make a stock drop. -B did a LOT of good things that day, but the proof is in the result. Others, including myself that day, sold out and killed the spike. Becuase our goals were less than your goal. If you want to sell at $.03, and Linda sells at $.022, then she might see it go to that level, sell, and stop it from reaching $0.03. That make sense to you? YOU understand what I am saying. So, it hts $0.022, has some people sell, and goes back down to $0.015. Then you are still sitting with your shares, the selling continues, and you are stuck until something happens to the company. Now, final point.
What iwll happen in the future to this comapny?
I personally feel (Now we are moving from stock trading knowledge to just opinion) tht the company in the longer term will FAIL. I've said that even when I was buying. that I was holding short term. Hoping for a pop on the meeting news. the series picked up (turned out to be a lie. It may happen, but is not a past tense done deal like implied), the send off (A flat out lie. I was hoping htat hype would move it) and other items not turned into relaity. I"ll still win the Cannon if possible, and give the shelby to Linda, or even trade her if I won the Shelby and she won the cannon, but the long term is that "someday" this company (not the stock, but the company) either hits it big or folds due to irregularities in the trading of restricted stocks byt eh CEO and other SEC violations. YOu tell me. Which do YOU think will happen? Since YOU are the one pointing out the sales of stock ito the flaot, even though they are restricted shares and can not be PUT into the flaot, do you think there are irregularities there? I don't know for sure, but it was enough for me to bail out. I don't want to be there the day gotlotsofmoney (Or whatever his ID is) gets this shell. LOL. And I fear tht someday this company will pay the ultimate price for its CEO's sins. OR the CEo shall fold the company, like he apparantly told Capt Ed he could do.
So, although it is down, I sold. ALthough ti is low, It could go lower. I tcould go to zero. And to say that you would rather hold for a rise is a bad philosophy, knowing what you know. IF it went from $0.0105 to $0.03, I would probably NOT be a seller. Because it would do that ONLY on some wildly positive news. It might in fact be worth BUYINg if that type of news came out, to move it that much! But, that's where my long term thoughts, that it will fold before it becomes big, tells me that it won't do that. So I saved what I could, and shall play in other sandboxes.
YOu do what you want. But, since you mentioned your desire to sell at $0.03, I figured I"d share some stock thoughts with you, and some company thoughts with you. Good luck to you. I hope you get MORE than $0.03. I don't see it long term, and hoped for a move today off the meeting, but now I'm out and I wish you well.
Linda, that cannon is mine! Trade you the shelby for it?
<<someone just dumped 4 million shares....>>
oops.
CAPT.
<<Someone on here I trust posted that they signed the deal with the reality series and it was going to come out at the share holders meeting. Come to find out that wasnt true but its to late now isnt it.
>>
Never too late. I took a loss today and moved on.
I shal make back what I lost here, but I won't have to follow it now and fret over it on a daily basis. PLus my RSFF that I was touting at $0.40 4 weeks ago is now a little over $1.00. SO, the small loss i took on DPBM is not going ot upset me. I"ll hold a company that HAS done what they said they would do, not one that says it all the time and then does not perform.
NOt sending the crew off to the DR, as promised, and then saying it won't be until JANUARY? That was unacceptable. So< I voted the only way a shareholder really can. WIth my sell orders.
I sold all at one time this morning late, and I know it went down some. But, it does that when people sell. A nd I['m out, so I'm not going to worry about the future sells.
I also worry that -B bought and bought and bought, and the stock stayed pretty much even. Now that he is done buying it is sinking some. IMagine if he ever SOLD! OUCH. Well, hopefully he will sell at $0.25, and make a killing. Again I say I hope you ALL do. But, I'm out, I'm on to bigger and yes BETTER things, and I"ll talk to any of you that wish to talk on the RSFF board from time to time. That will be the one I'll be monitoring in the fuute.
And if anyone has a question on stock capitaliztion or restriced shares or something like that, I"Ll answer if I can. Just PM me or ask on the other board.
Gone from this one. Good luck to ALL longs. (I won't be back in for a third play. I'm one for two and done. The management is too scary for me to hold this one)
-B still owns his shares, and is obviously in the stock big time. He is not posting as often as he was before because someone (ahem) gave him advise that said that if he owns that many shares and he posts, he could be considered giving influence to others that buy the stock based on his position. IN fact, some started writing that they were buying based entirely on -Bs posts. Right or wrong, that's what people wrote. I'm not defending the idea of doing htat but it was happening.
That could lead to a liability issue if the stock goes down. (This stock? Go down? nahhh. It's solid as a rock! LOL. But it could go UP too. The word isn't negative. the word is volitale)
Anyway, since he owns so many shares, his exuberance is not something for the board to see all the time, every day. So he is tempering his posts, as he SHOULD. Blame me for that if you want, and I'll put this post here so you know why he is not here much (one time) but he owns too may shraes to be saying things that he has said.
He's still our #1 holder on the board though, and still strong. Don't fear, just because he is not here all the time.
FYI.
RM
I understand what you mean about Ed getting some heat for recomending DPBM. And it is worse than if he were only an investor, because he was part of the dream team that was put together. So, friends, neighbors and family are all over him wondering what happened.
I told a lot of people about RSFF. I still love the company, and own a LOT of it (Sorta doing a "-B play" of my own on that one) but at one point it dipped down a LOT. And people were calling me. I'm only an investor, just like they are, but I told them about it, so they want ME to know why it is down.
It makes life rough. You (Ed) are asking the questions because you are being ASKED the questions. Yet, you are referred to as negative, when in fact you are positive, you invested, you had others invest, and all you want to do is protect your AND the other people's investment. To make sure that it doesn't disappear. And if it does, you feel bad about your own losses, but WORSE about your neighbor that invested $100K, because he did it on YOUR advise.
Yeah, that position sucks.
AlL I an do is say I commiserate. And maybe DPBM will come back some, and something positive will happen that will help get some of their money back. It's a tough position.
Ed wants me to send him some information I posted yesterday about the company and then took down. I think it would haunt him to read it over and over, so I won't send it. (Sorry Ed). But, I see his prediciment.
At least my RSFF is coming back strongly, and just broke $1.00 again. Hopefully on it sway to at least $3. I say that as hope that the same can be true for DPBM. Stocks DO go down a lot and then RECOVER. If something changes in the company. In this case, a find, a TV show, or some other revenue. All possible events to happen here. I hope it goes up. For Ed. For Tom. For -B. For ALL the investors. Especially the ones that are in HEAVY (for their level, regardless of what monetary level that means) and in at higher prices.
Hopefully this shareholder meeting will give the stock a boost. Not so far, but hopefully in the next few days.
In the meantime, enjoy your weekend.
JRF
I can't send P.M.s. I don't subscribe to the right level of IHub.
Sorry.