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I would never believe anything that anyone who works at a company that is a small cap stock says. Everything can be read in the quarterly filings real numbers don’t lie.
Believe me I do understand. I’ve been investing for more than 25 years. And I have been involved in other companies that turned out to be total scams. I didn’t have that much invested because I don’t have that much money. However if I did I would fly to New Jersey walk into the office talk to Mark face-to-face go to his house track him down and try and figure out what is actually going on with this company. We all know what has happened in the past question is can anything happen in the future...
To sit here every day and harp on it cannot make the situation any better. Imop
Ofri we get it sorry u lost. He does not answer that cell. Take a break and stop looking. Losses happen move on and forget it. We have all taken big losses. Learn and move on you will live longer. You must be looking at this every minute of every day go away stop looking forget about it. Unless of course you’re still holding onto a huge loss which is why you’re still here.
They are not always after hours.
4 mil print at .0028 fits the bill.
Lowest close in history today.... Great job Munro and Co.
I know you are an intelligent person, however how do you come up with these statistics on % of buyers vs sellers. Each trade has a buyer and a seller. If price goes down there is more sellers than buyers and vice versa.. cfgn keeps leaning and hitting and rinse and repeat also cdel. They are controlling the dilution.
6.1 mil of which 1.2 was after hours print of dilution. Average daily now total volume is around 8.9 mil so they are not selling aggressively at the moment.
The good news is that sorc bought tea pot when oil was around 40$ a barrel and now its at 70$ish. Also they are doing modified ugd in teapot. Other than that seems like same old wait and wait.
Looks like my assessment may be correct. That might be the end of the sell order. If I was a market maker I would be walking it back up now.
K came out yesterday....
Maybe you should take a look at his compensation he made $500,000 last year plus a $400,000 bonus and his stock is near zero and yet he will not commit any new stock purchases . That tells you he could care less about SP.
Fyi he doesn’t answer that number. Has anyone spoke to him recently or ever?? And what was the response?
3 days of no after hours prints. I maybe reaching here but if I was a market maker working this sell order for days and if I knew it was near the end. I would be buying for my firm account because it needs to be aged which equals risk. Then the order is finished and it moves back up due to lack of selling.... time will tell
And compare that to the Q that came out last week???
Has anyone been to the office in New Jersey? Has anyone ever been to a shareholder meeting? I know people that have gone to the office in Florida Larry and Judy sit there every day and then usually take Fridays off
Have you guys followed icld? It’s the same playbook exactly. This never goes up only lower. Remember they are best friends.
That’s pretty funny. Considering the total destruction of shareholder value and the company stock dropping by 20% per week
This week and last week will be the the largest volume EVER traded. I just wonder who is buying all the diluted shares. I doubt its all market makers shorting and covering with those shares. So funny that the scumbag Munro and Durfee bght stock at like $100 per share pre split. Why don’t they buy any now ....
Is anybody calling the company? I just wonder what they have to say these days...
Exactly no longs have made money unless you scalped for a day trade period. This is true for probably 3 years.
Is everyone in disbelief that we just dropped another 20% and we are now in the trips??no comments here?
Really? Just read the financials and you will run away and never look back.
Well people can blast his cell and text his fat loser ass all day/night long 312 961 9118
Wow good find, certainly looks like them. What is that address in Fort Lauderdale? What a scum bag we all knew this was possible and probable
Live and learn
You mean because the website is down? Probably right.
Like many of us have been saying for over a year the dilution cannot and will not stop.
Here come the trips.... stay away
No your math is wrong 84 million means they can dilute another 916,000,000
Scratch that i see the latest one
This was not the latest q this was a restatement of last q. They will have to file tomorrow or file an extension.
I believe i am reading correctly. Look at the date on the first page of the last 2q’s
They cannot stop dilution or get it under control. It has been the same way for more than three years it is their only way of survival.
My guess is that landing page has nothing to do with SORC. Someone just set it up. Will have to verify with the company.
That is interesting. It also looks like there has also been some changes to corporate structure by reading the q for Alleghany.
Anyone have positive confirmation on the ER date. Also they have not had a conference call in months I’m sure they are afraid to take questions from shareholders
People who learn how to read a Q and a K will never ever buy this.
I wish everyone would understand how this works. It is not the company diluting. The company borrows money from a vulture firm that gets convertible stock that is convertible at any time. They are guaranteed to make a return on investment because they can hit the bid and their price is always far below the bid. This will happen in definitely. They have not ever been able to get a conventional loan even when they had $50 million in revenues and $20 million in receivables they still were not able to get a conventional loan. No one will lend this company money. The dilution will happen forever or until they declare chapter 11
Dilution happens every day as we all talk about the after hours prints
Never seen total shareholder destruction for years like this besides drys and recently hmny. What does mark or the receptionist Judy say???
Why does the website still show BDO as auditors I believe they dropped them a long time ago.
What’s the current share count, when will Munro stop taking a salary, why don’t any insiders buy stock? How much debt is left. How are they keeping the lights on? Will financials be late again?