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Not so sure about what you are trying to convey here. TYTN did the same thing very recently. Increased the AS to over 6 billion. There's something else both companies have in common. They are developing and manufacturing hard assets, AC units and tractors. They need equipment and a real facility that needs funds to accomplish this. They aren't in the software or computer business, where a start up can be run from a garage, or dorm room.
Authorized shares, for a start-up can be legitimate financing for a company that is just trying to get things going. Dealers and contracts that take some of those AS, means there are connections with the company that want to see it succeed because they have a vested interest through shares. The alternative would be to go to a bank for financing, and it appears this company has secured that avenue for potential financing also. All it boils down to is having options, as opposed to no options, and it looks like this company just may of given itself a couple of financing options.
All I'm saying is there's no need for a knee-jerk reaction to an increase in AS for a start-up company like SUTI.
I think I found one other of those gems in pink stock land, but this is definitely another.
Those here that have over a million shares, are you at all concerned about having too many shares? I've been going back and forth about whether to close out a couple of my positions in other pink stocks, and add to my position here. I'm a little concerned about getting close to 2 million shares here though.
Any thoughts about having too many shares in one of these .002 stocks, even one like Tytan, would be appreciated.
Are you sure there was a pr out yesterday? Must of not been all that great, seeing as how the stock has acted since. It was probably much to do about nothing, your typical penny stock pr. Oh well.
June has been a non-news month for this company for sure. There's still a couple of more days left in it however, so who knows.
I'd would like to add that, with no news for a month now, where would the typical penny stock be? SFIO has held to this .04 range more than it should of, given the total lack of news.
That tells me there are enough investors willing to wait on the company as it starts to become a real company. The patience enough investors have had here is encouraging to see, and makes me look forward to when things really start happening here.
I said a few days ago, I hope it settles in the .80's for a while, like it did in the .50's and .02's. That way new holders can come on board, and those that have held for a while may want to exit.
With those last 4k shares I bought in the upper .80's, my average pps increased to .20. I won't be one of those, that have held for a while, to be exiting. I'm thinking about adding.
There's just too many signs, from quality investors increasing their position, to mergers with companies that are also in the merger business, to contracts being signed on a regular basis, to the expansion of its roasting facility, looking for one to start up on the west coast in San Diego btw, to the quality of the management that is orchestrating all of this.
This is one to buy and hold, and accumulate when possible, I'm just saying. The drop down after it hit $1 earlier this week was something. Flippers were treating this like any other penny stock until Richmont, which I'm sure has done its DD, increased it stake here big time. And then the company that merged with JCOF just merged with another , and JCOF just signed another contract with some Alaska cruise operation, I'm telling you a west coast CLR facility makes sense here, and maybe those flippers have had second thoughts about trying to hop in and out here.
You can treat it as the typical penny stock, but that doesn't mean it is one.
I still don't know what the pr was that was suppose to be positive for this stock today.
Oh well, I still have my 40k shares and saw that it went up and down and close down. Maybe ihub will update the pr portion of their thing and let me know what the pr was.
Richmond holdings is as close as you will get to a penny stock having the support of a mutual fund.
Please, anyone, give us the symbol of another pink stock with the same support. I'm not asking that as a throw down, but as someone that would love to find another penny stock like this to invest in.
Does anyone know of another pink stock with this kind of backing? I want to start investing in it if you do. I'm sure others would also.
I wouldn't hold too much stock in chart formation in a pink stock that has zero fund or big $$$ involved.
I would agree. I haven't sold any, and actually added yesterday at .0166. I noticed it closed over that amount today.
I'm just holding to see if this is what some here want me to believe it is, or if the company's plans unfold.
One of these scenarios will come true and one will be bs. I'm holding 325k shares to find out which is which.
If the company is bs I'll be the first to say so, if the posters are bs, don't treat longs that way. Karma's a bitch, and it will come for you when you least expect it.
I'll give your question a shot.
Increasing the AS would show some entity/investor/government that this company can come up with some funding, if necessary, to maintain the company's growth projections. Authorized shares can also be used to secure contracts, a place on exchanges, potential investors, stuff like that.
The way I look at AS in a start up company like this is...it's a line of credit if needed without having to incur debt. Shareholders may not think that it good because of potential dilution, but having to go to a bank and borrow that money with interest may not be all that good either. Giving a stake to contractor/government entity/investor seems to be preferable, at least in my line of thinking. It as least makes them wanting to see this company succeed along with the rest of us.
This is a start-up tractor company that has real hard assets,i.e., tractors that need funds to ship those hard assets to suppliers, not to mention to manufacture. Unless the CEO is a multi-millionaire that can dig into his own funds for the multi-$$$$ to get this operation going, would you prefer that the start-up funds come from a bank or from the company itself through doling out some of those AS?
Then again, I could be totally off-base, and the CEO just wants those funds available so when we all find out this is all a scam, he can unlock and sell those before he leaves town and retire to an island where a tractor would be useless, since there are no tractors in the first place. That would be another take on the AS.
Again, I'm new here. I do know what I hold in a couple of these stocks, hence the hold. I like what I have been able to read and discern about this company so far.
I'm use to news just as this being followed by a pps drop. I've seen it happen enough times in other penny stocks that it doesn't bother me. I'm actually surprised when it doesn't happen.
Can anyone shed any light on the quality of management here? Any criminals, photos with sheep in uncompromising positions, maybe a photo with a tie out of style? In other words, anything a basher could use against the management here?
Dilution is always #1 or #2 for the bashers in penny-land. Any concerns about that?
Lastly, is this a real company, or just one that is made up with fake prs and fake acquisitions of other fake companies?
Oh yea, are their prs up to snuff btw, so bashers can't try and focus on the quality and sophistication of the announcement, instead of the quality of what's announced?
I think I've got everything covered. If anyone can enlighten me, and other newcomers, as to the answers to any, or all, of those questions, that would be fun to read.
I don't want to tell you your business, but anyone that sells, or tries to flip this stock, you better know what you are doing here.
This stock, with the weekly contracts, mergers and updates, and not one of them being your typical non-substantive pink stock type pr, is not long for the sub dollar pps.
Sell, flip, do whatever, or hold on for a few weeks and enjoy the ride.
Those that sold over the last couple of days, how much of today's run up did you miss? Had most of you held on when it got into the .90's, this would of been in the $1.10 range easily with this latest news, piggy-backing on the merger news, which all will be followed next week by the next contract news and completed merger news.
But sell, because that's what traders in penny land do. Look forward to this stock escaping from there. The stability of this company deserves a somewhat stable pps, it deserves someone like Richmond increasing its stake here. I'm guessing they aren't the flipping type.
btw, it,i.e.,Richmond holdings, speaks volumes more than anyone on ihub can possibly post about how this company is not this or not that, or lacks this or questions about management. I think, before Richmond increased their position in this company to $10 million, they did their DD. But I'm sure there will be someone here that knows more than they do.
This is at least one of the main reasons why JCOF has been a hold now for a few months. Entities like this don't invest in pink stocks to flip for a few pennies.
There was never any reason to sell or try and flip this stock, only add to. This company is leaving pink stock status, and taking my 36k shares with it.
That would make sense on various levels. What they acquired in Rebel, besides having its own market and revenue stream, what the two companies can do together to enhance what ADHC does with its medical e-thingy, tells me someone in the company has a brain.
Acquiring a company, that can enhance the existing company, and not just bring in additional revenue in a totally exclusive industry, says someone at ADHC has the vision to seek out companies that will not just grow the bottom line, but allow their original company to be stronger.
Decided to stick with my original plan. Was somehow able to unload 200k at .001. Now I only have 1 mill. left, and will keep that 1 mill. all the way down to .0001 if need be.
I'm going to wait with my 1 mill. shares and let this fantastic stock dazzle me or fizzle completely out. Right now, the fizzle is looking good. Not really sure what I was thinking about when I invested here, but you win some and lose some, well hopefully you win a few without loosing too many.
There's enough posters trying to convince others to sell.
There's no need to stroke your ego to try and get you to buy. Buy, don't buy, it's your choice. I'm sure there are plenty of more legit companies for you to put your $.
I'm actually trying to buy more here so I can put up a small wall at .0014, so if and when it tries to run it will have to take out my 1.5 million shares.
Can anyone shed light on what the pr was?
I didn't sell a portion of my holdings today out of panic. I sold 200k, and still have 1.2 mill.
I sold because that $260 went into adding another 70k shares of ADHC. For some reason, that stock seems to want to advance.
Like I said, I still have 1.2 mill shares in this fantastic stock, so I didn't panic as much as I'm just disgusted with it.
I'm going to try and sell another 200k shares, leaving me with an even 1 million shares. That $1,000+ can do whatever it's going to do here. I'll wait to be dazzled.
I know. I even added today for the first time in a while here.
It's always nice to add to a position, and have the pps close higher than where you added.
I've just been holding and watching, but felt like today was a good day to increase my shares.
People that choose to focus on the superfluous are looking for such distractions, actually hoping for them, to make the pps go down. That's just my take. But making the photo the news, and not the news the news, is par for the course with those looking for ANY angle to diffuse and create doubt.
Again, if you choose to question the deal, and if there are even tractors being shipped, that's up to you.
Again, I didn't see the photo, but read the pr. I'll go with the pr, feel free to go with the photo.
I guess it's what you choose to focus on.
A pr that indicates the company has negotiated with a port an agreement that will save the company in shipping and handling costs vs. a photo about whatever.
What is the photo about that you seem to choose to want focus on instead? I'm sure that photo, whatever it is, will effect the bottom line more in a negative way than the announcement about the shipping news will effect the company in a positive way. That must be some photo. It doesn't have anything to do with farm animals does it?
Agreed. One set of games will stop, and another set, the fun ones, will begin.
Now if all the insiders that bought at .10 bail, all bets are off. But I figure if they can buy at 10 cents, my .077 pps average is looking pretty good.
Well now that you put that out there, I have to decide if I want to be classified as one of the smart people or not. :)
Well, at least you bought lower than several of the insiders did a few months back, when they all bought at .10.
I have come to expect positive news, such as the fact that shipping costs can be lowered by this agreement, being met with a drop in the pps.
It doesn't make sense, but the more it happens, the more I expect it.
That's a good feeling for sure.
I just started here, and have been lucky so far. Started at .0033 a couple of days ago, and added this morning at .0035, and again at .0047 this afternoon.
I'm looking forward to when the pps will allow me to say the same.
Actually, I just checked and saw we are at .04 again. That was a pretty good floor for several weeks, and now it looks to be back. All this without any news.
I would second that comment about SFIO and that little tractor company, btw. Two gems in fool's-gold land.
It wouldn't appear that they have all that much to worry about. Going higher that is. The only thing I can think of is being able to unload all their shares period, at any price.
I was able to unload 200k at .0013, so I'm feeling lucky.
Dang, this thing is running away. I was hoping to at least get up to 500k in the mid .30's.
Good. That means someone will pick up my AON sell order at .0014. I'm only selling 200k, so with all this interest, and all the good things about to happen, I'm sure I won't have any trouble unloading a few shares.
I just got another 50k today at .0035. What happened here, not that I mind, but not knowing too much about this stock, anything going on today to cause the run up?
I'm new here. Got 250k with an average of .0033. Had 500 shares of VMW a while back. Figured this cloud play acquisition might be a little less expensive.
For those that have been here a while, I plan on holding and adding to my position. I'm not a flipper, just trying to find another legit company in this pink stock genre to invest in.
Within a few days, SUTI's pps won't be any of my concern.
When I sell, I move on.
btw, I hope SUTI overcomes the traders/flippers to the extent that it can grow its pps.
It had/has the appearance of a non penny land stock, but when there were some long posters on here Monday that were upset that they didn't have access to to their shares, I didn't have access to mine either btw, but being a LONG, that didn't bother me. Why would a supposedly long be so up tight about not having the ability to trade their shares? Did they want to add to their long position, or couldn't wait to sell? I concluded that the supposedly long holders here were falling all over themselves trying to gain access to their shares so they could sell into the fantastic rally of rising to .003.
This stock deserves better investors, but right now, this is what it is. A flippers wet dream. The next time it gets into the .002's, what do you think will happen, and the next, and the next after that?
Unfortunately, posting about other companies that someone finds as legit in this penny stock land will get your post deleted, since all that is allowed is talk about THIS stock on THIS board.
I'd love to tell you about the other two I have found, and would love to hear about any other legit stocks in this genre. Maybe the mods could start up a board for that.
I'm sure there are posters here in other stocks that I may be interested in, but this dumb rule that anything posted here has to be on this stock period... well if I had a tractor and a cup of java, I'd show them a thing or two.
The company is one thing, and I agree that any company that has the relationship with quality universities is one that solicits a certain level of respect.
It's almost as if this company doesn't warrant the level of traders/flippers that it has suckered onto it, almost like those fish that attached themselves to sharks/whales.
Again, flip this to all your hearts content. I'm sure all of you were doing this long before I got here, and will be doing it long after I'm gone.
I will check back periodically to see where the flippers have allowed this company's pps to get to, but first I've got to sell my 1.4 millions shares.
I would agree with what you say about the company.
This also does not seem to trade like a penny stock in pink sheet land. This stock seems to behave as if it was in a different land/exchange.
I'm starting to do my own consolidation among the various penny stocks stocks I own, cashing out of the ones that have "pink stock" written all over them, and moving the funds to the few that seem different.
So far I've identified three to add to, this being one of them.
Right now I have 600k shares here, but it looks like 700k is in the future.
While I agree with all that you bring up as factors that could effect tomorrow's trading, by the end of the day, expect it to be neutral to down a fraction.
This is a trader's wet dream in penny stock land. Most could care less if it progresses out of where it is, as long as they can buy for .0012 and sell for .0015-.0016, and , make 25-50 bucks in the process.
I thought this was going to be something different than it was. Like I have said, I'm in enough of these stocks to try and figure out which one's are legit and want to grow, pps-wize, and which ones are comfortable staying where they are.
There's nothing here that screams out to me that investors want this to be anything other than it is.
This stock went through the same thing in the .20's, and again in the .50's. Having it form a base in the .80's would be expected and ideal, IMO.
The next run up will take it, and keep it, over $1.