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.10 very possible today !
Yep it's bullcrap. That's why I got out before the split and took my profit.
Big boys come in after we supported this company when it was in penny land .They do r/s which almost always screws the people who support these penny stocks.
What the hell is wrong with him,time for him to retire and travel the world or something.
Don't people know how to enjoy life once you made bank..geezzz
Sure it will trade sideways and might even pull back again ,but SUNE has been creating new highs after every press release,so I don't think it's ever go back to the low 3's this time.
They stay on top of things and constantly keep their shareholders up to date.Which is good. They are doing their best to get back to where they were.
Remember..this stop is very popular with flippers (I know) so it does have big swings everyday. Don't let that shake anyone..it's normal for this stock to trade a little crazy.
I didn't want to mention Toxic debt in my previous post,due to so many people here got left holding the bag. Didn't want to add salt to their wounds.
Being that you mentioned it..IT'S THE WORST KIND OF DEBT FOR ANY PENNY STOCK.
Hopefully it's not a toxic debt due to the LOI . I would hope the terms of the debt would be better than most. ,that's if it's (LOI) real.
That being said these lenders don't care about any LOI..they are brutal and have air tight loan contracts and have destroyed many companies. They will get their money one way or another.
I don't think this is the bottom . I think it's going down to the 3's sadly enough. I hope not for the bag holders sake. There's not much support at the 5's. It will go up a little tomorrow and slowly fall again to 4's and then 3's like it's been doing since it hit .07.
Everyday slowly ,but surely. I've seen it so many times.
If CDII doesn't send out some kind of news to assure the share holders explaining the terms of the debt it will only get worst.
They have to nip this in the bud and get a hold of things .
People rather know what's going on ,good or bad, than be left in the dark.
Excuse me..that wasn't share holders who were /have been selling ..it was CDII themselves who were dumping. They admitted it,saying they needed to in order to pay off debt.
Yep, people forget SUNE was trading in the $30 only 6 months ago. It can very well hit $10 bucks in a few weeks.
Either way ,I made so much money with SUNE flipping it between 2 and 4 bucks I can never say anything bad about SUNE..it's been very good to me.
Today's news is great ,now let's stay over $4 and get back to where we were and that's back where it belongs !!
Yes, you have to take some profit off the table. I learned that many years ago when dealing with penny stocks.
Very few I believe in enough to keep some shares long and this is one of them. The rest I just flip and never even post in them threads.
I feel bad for the peeps in CDi? who got screwed and left holding the bag.Peeps got hurt bad over there.
Anyway,If it doesn't happen I'm still ahead of the game,but I feel good about this one.
Lawsuit win and reverse merger would send this flying !
I Agree , I've done my DD.
That's why I have many shares left. This could be very very big !
Luck to all !
Great ending for the day,cracked a penny !
Let's hope it continues into tomorrow and then some big news tomorrow to carry it over into next week for a huge run up.
Good luck to all the longs.
PS: Had to take some profit off the table today,but have plenty
of free shares to ride. Never know with penny stocks.
I've been holding this baby for a good long while .
Share buy back is a great idea if the LOI is the real deal and goes thru ,considering it was the shareholders who bailed them out.
Think I will call them tomorrow and suggest a share buy back,hopefully I can get thru.
Now this would be news for them to release and the stock would take off like a rocket.
Everybody call them and email them and suggest a share buy back and then send out a news release that they are willing to do so.
One thing I can say is..I can't believe they admitted to selling into the run to pay off debts.
I don't think I've seen a penny stock admit to diluting while still in the process of diluting.
It's kind of honest for them to finally admit it ,but it was still sneaky from the get go.
Let's just hope it's done and they can finalized the LOI and the people holding the bag can make their money back and then some.
Good luck and best wishes to all.
First off..they told people it was in the 80 mill range even after they knew it was increased right before the news release which caused the run up.
They already knew before the news release and they lied to investors on the first day saying it was in the 80mill range.
I called 2 x the first day and couldn't get thru and many others couldn't get thru during the first day. When I couldn't get thru I dumped 80% of my .0022 for an average of .058
Now they admit the true count because people paid to get it and that's only because they were called out on it.
Stop covering for them.
I'm not saying the LOI is bull ,I'm just saying they lied at first,because they KNEW NO ONE would buy the stock while they were SELLING into the RUN. They only admit to it today because they made a killing already and they now know we know the true count and can't hide it any longer.
They were forced to come clean after all the calls and emails..there are tons of people who lost big bucks here and it's not funny to them.
If this contract is true ,they should have took out a loan like every other freaking penny and then paid it off once the deal is final.
NOT OFF THE BACKS OF INVESTORS WHO NOW HAVE LOST THEIR SHIRTS !
They admitted after all the calls and emails. At first they told people it was in the 80 something mill.
So they did increase it from 80's to 300's. Don't say it hasn't changed because it has changed and now in the high 300 mill.
NO ONE would have bought during the run up if they KNEW CDII would be selling into the run up and the days after,which continues.
You can't deny that.
I hope it's true for the sake of people who got caught up in this stock n losing big time.
Hard to trust anyone on stock boards when it comes to money.
Thanks for the link and good luck to you and everyone else who is in the red.
It's a shame what is being done to people who bought all the way up to .07
I hope these people go to prison if this turns out to be a scam.
Yeah I got out today also.
Made money with GSBN over the last few months and held some for long term,but after this R/S which I voted no no no and to see it go thru is too much.
Some think the R/s is the way to go and some of us,not so much. For me there's no need in arguing over it.
Anyway,I'm out entirely now. Maybe I'll revisit down the road.
I still like this stock and think it has a better chance of succeeding more than most penny stocks,but I need my money to be constantly working for me and not sitting and waiting around,so I leave while I'm ahead ($)of the game
In the meantime, I wish all the longs the best and hope it takes off,even without me.
Some of you really deserve to catch a break and win.
GLTAL's
Merry Christmas to you too !
Your charts are great...thanks !
LOL expect him within the next 15 minutes lol
LOC's are good.
"DEFINITION of 'Letter Of Credit'
A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.
BREAKING DOWN 'Letter Of Credit'
Letters of credit are often used in international transactions to ensure that payment will be received. Due to the nature of international dealings including factors such as distance, differing laws in each country and difficulty in knowing each party personally, the use of letters of credit has become a very important aspect of international trade. The bank also acts on behalf of the buyer (holder of letter of credit) by ensuring that the supplier will not be paid until the bank receives a confirmation that the goods have been shipped."
Those lowlifes will be here tonight or tomorrow early and the bashing will begin. They always show up on a moving stock looking for cheap shares.
They leech off the hard work of others .
Sad ,but true :(
One true fact is China is the number one buyer in the world for
copper concentrate.
Anyone don't believe it,just google China buys copper concentrate from peru, Ecuador etc.
They rejected a huge order from Ecuador last year. A cargo of copper concentrates shipped from Ecuador was rejected upon detecting cadmium content exceeding allowable limits.
That was at 3:54 pm. I thought it was a sell that went by.
Have to check my T&A stamp.
LOL I just giving scenarios.
We don't know what it will be trading at the time of R/S.
You've missed the whole gist. LOL
PS:Do u realize how much money / profit people have made just flipping this stock and other stocks ?
Plus that profit is always working for them by flipping other stocks and not sitting for months doing nothing.
All these penny stocks should be flipped over and over. Even the ones that MIGHT do well and succeed. Just keep some shares in case they do succeed ,but it the meantime flip part of your shares and make your money work for you.
Keeping your money locked up for 6 -12 months or whatever and doing nothing for you is not smart when it comes to penny stocks.
It's a FACT the majority of these stocks don't succeed ..period .
That being said I do have a portion set aside ,but the majority of my shares are and have been flipping them and have don't very well .
I suggest you and everyone else do the same.
Mind you..I'm not bashing this stock..I think it has a better chance than most to succeed,but I will make $ while waiting.
Sadly that's the way it is.
Us little people support these companies when no big $ on wall street would touch them .
Then they do these R/S's reducing our shares in order to get listed on the big board.
Say a R/S for 1/50 . Now your 10000 shares becomes 200. PPS goes to $5 and now your shares are worth a lousy $1000 bucks !
Then the big boys on wall street take notice and jump in buying tons of shares and PPS jumps to $10.
Now your measly shares are worth $2000
Now you think it might go higher..(MIGHT) ..how many shares can you afford to buy at $10 that it MIGHT go higher.
Such crap.
Then the company who just got listed on the big board decides
it needs to increase the shares due to the new interest(big boys on wall street). This what happens !
What a load of crap.
There should be a law that if any company that did a R/S in order to get listed and then increased the shares, these new shares SHOULD BE RETURN TO THE SHAREHOLDERS WHO SUPPORTED THE STOCK WHEN IT WAS A PENNY FIRST, BEFORE ANYONE ELSE IS ABLE TO BUY THEM !
There should be another law for penny stock shareholders..who owned a penny stock say under .25 cents for over a year or something (insert your own rule) ....that their shares shouldn't be subject to any R/S in order to get listed on the big boards.
This is why I trade my hundreds of thousands of shares with these penny stocks ,before any R/S is done.
I can bank more money this way !
SCREW THEM !
It's one big scam to screw the little gal or guy!
PS: You would have to have millions of shares before R/S for it to work for you. Even this is expensive. 10 million shares X ( lowest price) .05 = $500,000.00
Who would invest that kind of money not knowing if the penny stock would get listed or not. NOT MANY OR NONE.
Even 1 million shares at .05 will cost you $50,000 . Who is going drop that kind of cash on a penny stock ..NOT MANY !
Take your profits now and buy back on the dips and repeat. This stock price is so predictable with it's lows and highs.
Then revisit after it' gets relisted if you want,but be prepared to pay .
This is why I always have 2 accounts. One with Etrade and TDA
Be careful if you decide to jump in. Let it trade and see where it's trading before leaping.
Don't dump all your cash in at once. Scale up and buy in segments if it continues to rise.
This way if it tanks you won't lose your entire cash load .
Don't forget your stops in case it goes down.
Also,Have several stop lost in place.
"Hope you get KBIO'd tomorrow"
LOL I like this saying !
Always scale out of a runner on the way up. Then move your stop loss
up along the way up.
Trade without fear n greed and instead have a plan in place.
Don't worry..you'll catch one eventually. We've all been caught with no side funds and learned from it.
Take care
Always have free cash on the side for runners.
BUT NOW WE LIVE !
Seriously..if this frenzy goes on it could hit .12 check your level 2 .
Be sure to take some profits on way up.
You don't want to get caught with no profits.
GLTA
4's are not far behind if this frenzy continues
Don't ever listen to that guy. No Good !
Ok ,so it's a definite merger..great news !
From $2.30 back to $1.84..crazy .46 cent difference in a minute.
Hopefully tomorrow it continues up over 2 buckaroos !
Now back to 1.93
After hours it's going crazy..now at $2.30 n still going!