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Seems this scam borows a lot of money to start "trials" - but then they are never heard about again - or just totally forgot about.
This whole thing is nothing more than a huge dilution machine with stock being consistantly 'dumped' from dozens of sources which includes insiders, debt holders, vulture lenders, etc., etc.
Glad I only own 10000 shares of this turd. This stock is going no where - dead money. Shares will continue to be issued and dumped just to keep this scam afloat.
This is just another penny stock scam - but even if it goes bust I'll only be out about 300 bucks (plus commission.) Write-off against gains elsewhere.
I see they are constantly "presenting" at different forums. Presenting what? How to borrow from vulture lenders? Or how stock dilution can increase managements wealth? I guess they could be good 'presenters' for stuff like that.
That 'supposed' news release about the Kincaid art is nothing but a bunch of BS - typical stuff "Fast Eddy" spews out to keep people buying the shares that he is constantly dumping. Think about this: Thomas Kincaid, whether you liked his work or not, had a spotless reptation while he was alive. Maybe a religous zealot, but that's not all bad. There's worse. Anyway, point is, whoever is now heading any Kincaid estate would NEVER get involved with a convicted felon loser like "Fast Eddy." His reputation is a nothch below horse manure.
Gees, wake up, people. If it looks like a scam and smells like a scam, it IS a scam - and this one SURELY IS a scam.
One additional thing: This board in its heyday had nearly a thousand posts a day. Look at the pitiful small number now. The last left here will be nothing but 'bagholders.'
List one thing 'Fast Eddy' (who has already be convicted for stock fraud) has said he'd do and followed thru on.
First TDEY was going to challenge Neftlix with streaming 3D that you didn't need glasses for. NEVER HAPPENED. He promosed magazine adds leading up to the Super Bowl - NEVER HAPPENED. Said there would be a Apple App - NEVER HAPPENED.
Now he's trying to switch TDEY to something else - first there was a rumor of entering the legal pot smoking market (pot stocks were hot at the time), then the bitcoin market (all the other bitcoin stocks are in the process of collapsing at the moment - along with the whole ridiculous idea of 'bitcoins'.)
Did you know one of "Fast Eddys' previous ridiculous stock scams was starting up a womans professional football league? You should check this guy out on google. You'll be amazed. But you have to give him at least a little credit - he's always just smart enough to steal money from unwary investors on stock scams - LIKE HE'S DOING HERE. He'll chage the direction of this company on a dime - he'll jump on whatever seems 'hot' at the moment.
This thing was a scam from the start. I made a few quick bucks here, but I think the party is pretty much over here. Direction of the company is in so much disarray it cannot attract new investor money - which means the ones holding here now will end up as 'BAGHOLDERS" = and almost empty bags to boot.
Good management teams overcome things like that - see them coming and make up for them somewhere else.
Bad management teams (like this one) use them as an excuse for a quarterly loss. They've had about 15 quarterly losses in a row, and I'll bet they blamed each and every one on some 'unexpected' development.
I wonder how much these guys are paid each year (salaries - bonuses - stock options) for running up 15 straight quarterly loses. If I were to attend a stockholders meeting I'd probably end up in jail......
If I get that choice, I'll take the stock with better management for over a buck instead of the 'bargain' for .28 with the present atrocious management.
If I understand the situation correctly, the company barely makes enough to pay the outragous interest on their debt - when they do pay it, that is.
With no changes in the management team, this thing looks kind of hopeless to me. I'll hold for a while in the hopes of getting even or sell at .23 for a small dollar loss (big percentage loss, though.)
Anyway, good luck to you. Don't mean to offend anyone. Just like to call a turd a turd when I spot one - and this truly is one.
Taking an asessment of this company NOT thru rose colored glasses seems to be 'bashing' to you.
Possibly you think everything is wonderful here.
When you can't make a debt payment, that's nopt good, is it?
If this company can't show a profit with the metal at $750 + (like last quarter) doesn't speak well of management in my opinion. Maybe you could list some of the great things this management team has accomplished. All I see are about 15 straight quarters of losses. Doesn't take geniuses to accomplish that.
I'm stuck for a little here (in at .32) so if I feel like criticizing the bunch running this mess I will. You be the 'cheerleader' and I'll be the 'basher'.
A descent management team may be able to turn this around, but not the bunch running this company now. They are totally incompetent.
Once this drops into the teens I believe its the beginning of the end for this company. But they'll keep it going as long as they can to collect their bloated and undeserved salaries.
Of all the precious metals miners there is only one that MIGHT be more poorly managed than this one, and that's ANV. It's probably a tossup: both are lousy. ANV is presently being sued by stockholders, this turd is probably next.
By the way, I'm long 5000 shares here. GLAD IT'S NOT MORE.
Wrong. This turd is circling the bowl, ready for its final descent to oblivion, where it belongs.
Fasten your seatbelt, guys, 'Fast Eddy' about to spring a 1 for 1000 reverse stock split any day now. Don't say you weren't warned. :)TURD
How much success have you had? All your picks winners? Is penny stocks all you buy/trade?
I think you just want to argue, I don't really have time for that. No point. If you don't like my posts, put me on ignore. That's exactly what I just did to you.
Bye.
Whatever. You're entitled to your opinion. and I'm entitled to mine.
I've always assumed that 99.9% of the people that read my posts (you, of course, excluded) are aware of the fact that I am posting my opinion only without stating 'IMO' ridiculously every other sentence.
3% - and NEVER more than 5% - of my portfolio are in crap shoot penny stock solely for the tax offset/write off on the losses. The other 95 - 97% is in listed stocks, almost all selling for over $20. I do quite well with the listed stocks, but 7 or 8 out of almost every 10 'pennys' I pick end up as losses. Sometimes the 2 or 3 winners will more than offset the 7 or 8 losers, but not always. Anyone that would tell you - or claim - that the majority of the penny stocks they pick are winners, well, they are liars
If you ever read the posts of listed stocks compared to penny stocks - it's like night and day. I actually enjoy reading the ridiculous hype posts in the penny stocks and can't help but put my own 2 cents worth in. Kind of puts a little fun in the day.
THIS ONE will definately be one of my losers. I've mentally wrote this one off. But I never put more than $500 in ANY penny stock so I never get hurt that much dollar wise - and simply write off the losses as here against gains somewhere else. I'm only in here for about $330 or so, counting commision.
Actually, investing in pennys is more fun (in some ways) than investing in listed stocks. As stated before, the posting boards are definately more fun to read - and respond to.
Anyway, good luck to you. I understood what you were trying to say, but couldn't help responding the way I did anyway. I rarely do any posting on listed stocks - just no fun.
Great post - but you should have also mentioned some of the run up to .02 was also based on the "Apple app" that the fake rev was lying about for months and months AND MONTHS.
NOT TO MENTION it ran to .02 on a $30,000 paid "pump & dump."
I think it's over here, but if you think it's worth rolling the dice on, be my guest. I think there are lot better gambles out there than this one.
The only reason I've been 'spewing' the same message for quite a while is because of the convicted felon scam artist that is running this TURD.
:) TURD
I understand the authorized share total has been raised from 2 billion shares to 6 billion.
Which means: "Fast Eddy" now has an additional 4 billion shares he can dump on the market (LOOK OUT BELOW), further diluting present shareholders company ownership by 2/3rds. But this whole scam is worthless anyway, so I guess it really doesn't much matter. If there are still people that will buy this convicted felons worthless stock, more credit to him, I guess. This isn't Eddys' first penny scam. Hope everybody here is aware of that. Google him - it will be an eye popper for you.
It will be interesting to see how low 'fast Eddy' will let this drop in the trip 0's before he reverse splits it. I'm guessing he'll do it when it gets to .0003 - .0004 - which will probably be real soon. Watch for a MAJOR DUMP tomorrow.
There are probably hundreds - maybe thousands - of penny stock scams out there, but this is the BIGGEST SCAM OF THEM ALL.
It's unbelievable people are still buying this. Amazing.
Too bad. You must have an "I want to go totally broke" investment strategy. This zombie is on its final death spiral. :) TURD
Trip ooo;s - and this POS won't be rallying anymore. It's DOWN THE CRAPPER where this turd AND 'Fast Eddy' belong.
Good ridance. :) TURD
That's ridiculous 'perspective.' In other words, what you are saying is todays 20% loss isn't all that meaningful because the stock is only selling for 2 or 3 cents.
Hey, a 20% loss is a 20% loss, whether the stock is selling for 2 cents or $20 or $200. You can play around with fractions of a penny all you want but the fact remains: the BHRT portion of your portfolio was down 20+% today. Period. And don't be surprised if it's down that much - or more - Wednesday.
This stock is a zombie. Once a company is in such bad shape they have to resort to Asher type financing it's the beginning of the end. All these handouts of warrants and stock borders on being ridiculous. I said a while back that all the things this company is trying to achieve will all come to pass some day but it WON'T be this comany that will do it. Any reasonable person should be able to see that the end isn't far off here. Rah-rah posts might make some feel better here but the shape this company is in along with a 3 month stock chart pretty much says it all.
AND I'm long here - - 10,000 shares - a whole $338.00 investment. Boy, am I happy I didn't buy more OR average down.....
You are right - I have no real proof that there will be a reverse stock split.
But I've been around 'pennyland' long enough to know that after a stock collapses like this one has and eventually trades in trip 0'
s (where this one is surely headed), a reverse stock split is the final thing management does. I've yet to see a stock recover from it, but some may have.
Any investment book you get at a library clearly states that as much as 95% of penny stocks are either scams - or have a bad business plan and end up failing. This one has survived for 15 years, but unless you just want to look at the situation here with rose colored glasses, you should at least admit something is amiss here. 'Miracle' medical medicines and/or devises don't work out 99.99% of the time. This stock was a crapshoot - and we all rolled snake-eyes, me included.
I think I know what's going on. More and more stockholders here are realizing that this stock is a total POS and are trampling each other trying to get to the exit.
Probably .01 - .015 tomorrow. This one is history - BAD history at that. Trip 000's by months end, then the dreaded 1 - 500 (OR WORSE) reverse split and shortly after that - - OBLIVION.
Certainly was a massive dump.
This POS is one of the biggest TURDS in pennyland - down over 21% just today.
Reverse split coming here SOON. Boy, am I glad I only have 10,000 shares. I know it's going to be a total loss, but at least it won't be all that much. Got in a little over .03.
Faithful here will tell us to not worry, tho, they are on the verge of saving humanity....etc., etc. All a bunch of bull.
This POS is going down the stool - where it belongs. GOOD RIDANCE.
It'll get there - - real soon.
Unbelievable how many here fall for 'Fast Eddy's' con.
There will be NO winners here - only "bagholders."
:) TURD
Trip 000's again for this POS!! TERRIFIC :) TURD
Yeah. I thought the stock was in a deep downtrend the last month. I must have been looking at the chart upside down.
Thanks for straightening me out.
Gee, I guess everything is wonderful here and I am the only one that doesn't know it.
Thanks.
All the medical heart treatment things this company is trying to do will all come to pass someday, they will all happen, but it WON'T be this company that will succeed in doing it.
I see it's down another 3/10's of a penny so far today, under 2 1/2 now. Trip 000's are just around the corner here, which is usually the last stop before oblivion.
From the dramatic collapse of this turd, there must be LOTS of investors besides me that see this stock for what it is - a POS.
If you are long here, like I am (unfortunately),don't look at a 30 day chart of this stock after eating a big meal unless you have a really strong stomach.
Green never lsts long with this POS.
Should change their ticker symbol to TURD. Much, much more fitting.
Been around for over 15 years and selling for a couple pennys +.
I'm new here, but patience here certainly hasn't paid off for all you long term holders. DEAD MONEY, and day by day you have less of it.
Let's just say I'm averaging down HOPING it doesn'e go to zero.
But this is a REALLY bad management team so if the whole thing collapsed I wouldn't be overly surprised. Right now they can barely mine enough palladium to pay salaries and interest on their bloated debt. Borrowing money (at very high rates) and dilutting our stock is the ONLY two things this management team is good at.
We'll just have to keep our fingers crossed and hope for the best. If I can get out of this any where near even I'll be surprised. No, not suprised = SHOCKED.
Don't be surprised if a vulture lawy firm starts a class action lawsuit here. It only takes one really disgruntled stockholder (NOT me, by the way. I'm disgruntled to be sure, but not THAT disgruntled. I only hold 5,000 shares which is only a minute fraction for my portfolio. I learned long ago not to 'bet the farm' on crap stocks.)
ANYWAY, good luck to you in your other investments.
We probably got in at about the same time. My first buy was .41 and I've averaged down 3 times, so I just need .32.
Like you, I thought the Ukraine thing would make it pop for a quick trade and I didn't do enough proper DD. After this turd started dropping - and I checked into it a little more - I found out they have had over 15 straight quarters of losses. As one of only a handful of palladium producers in the world, constantly losing money didn't make much sense to me. They are in the right business - at the right time - so my only conclusion was it had to be atrocously bad management. AND THAT'S WHAT IT IS.
If present management team stays in place, - 0 - will be the bottom here.
This bunch of hacks couldn't show a profit even if palladium got up to $1,000.
I'm averaging down - next buy: .20. Won't be long before it's down there. Right now I need .32 for breakeven.
Yeah, I'm stuck here, too, but only for 7 or 8 cents a share = SO FAR.
Ticker symbol should be TURD. Much more fitting for this POS.
I'll wait for .15. If it gets to .20, it will get to .15.
After that, either range bound between .13 - .22 OR . . . oblivion. I've said before, the two worst managed precious metals miners are this POS and ANV, and, as of this moment, they are the 2 showing the biggest percentage losses for the day so far.
Lack of faith can be layed at the doorstep of the present management team.
Regardless of what palladium is selling for, even if it gets to $1000 and ounce, this management team will still be unable to show a profit. They are good at borrowing money, tho, look at present debt balance. Probably needed to pay themselves salaries they certainly don't deserve when you figure over 15 straight quarterly losses in a row.
Palladium averaged almost $750 last quarter and PAL wasn't even close to being profitable.
Dreaming about a second quarter profit is just that = a dream.
Won't happen.
Book value of slightly over a dollar a share makes this at least a 'reasonable' gamble. Still a crapshoot, yeah, still very poor management, oh yeah, but the assets are there AT THE MOMENT.
Buying a crap stock when it's selling for only 1/4 of book value usually works out.
But I also wouldn't be surprised if you turned out right. I think what you are basically saying is there are better investments elsewhere - why fool around here - and I certainly can't argue with that.
Good post. You're right. This is a TOTAL crapshoot.
The 5000 shares I own here are part of the 5% of my portfolio I 'gamble' with. I've had a few really big winners down here in pennyland, and LOTS OF LOSERS. My winners have kept me ahead of the losers SO FAR. For every winner I have about 5 (or more)losers. I think if you keep in mind all these penny stocks are 'crapshoots' and NOT put a whole lot into any single one you won't get hurt too bad.
But like the books say - and it's totally true - 95% of pennjy stocks are total losers for any one of three reasons: 1, So poorly managed they are never profitable (THIS STOCK FITS THIS PERFECTLY) 2. It's a 'scam' 3. Has a poor business plan and dissappears within a couple of years.
Let me say now - I DON'T believe this is a scam. I DO believe it is EXTREMELY poorly managed and their business plan must suck if they can't have a profitable quarter when palladium averaged close to $750.00 an ounce.
I've averaged down from the low .40's and am only a few cents (less than a dime) behind here.
But, I AM HOOKED - ALONG WITH EVERYBODY ELSE HERE. But I'm counting on the old saying, "Even dead cats have a bounce." When I think I have enough profit out of this to go to McDonalds and order a meal from the dolar menu I'M OUT OF HERE.
Sorry, but with the jokers running this show, this stock will NEVER see $1.00 again. I don't think they will ever have another quarter that actually shows a profit. I believe they have had between 15 and 20 straight quarterly losses in a row.
Three cheers for this great management team.!!!
Glad it's you with the 300,000 shares and not me.
I only own 5000 shares of this turd, and that's more than enough for me!
Don't know how anybody could take a position like yours with the atrocous management team here.
If it doesn't close below .25 today, we may be alright here. It could be the bottom and a new support level. A close below .25, tho, probably means possibly .20 soon.
So are we.
Don't need another Warren Buffet Jr. here.
Huh? Didn't quite get that.....