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Match the price to the date:
$7.72 February 10
$0.30 January 17
$0.38 November 17
$4.00 December 31
AVTC filed a lawsuit against a SeekingAlpha contributor - Alan Brochstein - who also is behind this website.
http://marketfy.com/store/item/420investor/
One of his SA write-ups....
http://seekingalpha.com/article/1463971-investors-should-avoid-avt-inc?utm_campaign=website&utm_source=sendgrid.com&utm_medium=email
I actually believe in smart investing. Not chasing insanity.
Do you equate negativity with logic?
LOL You are right about that!
if market cap and valuation is such a big issue for you, than the MJ sector is the wrong one to be in.
Fundamentally speaking, FSPM is worth maybe 25 cents per share.
It's trading on craze and low float - don't even let the thought enter your head that the company is worth this market cap.
Even if Monk wasn't backdoor selling, the float lockdown effort clearly constitutes conspiracy to manipulate the market. It is illegal as it should be.
Market manipulation is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency. Market manipulation is prohibited in the United States under Section 9(a)(2)[1] of the Securities Exchange Act of 1934, and in Australia under Section s 1041A of the Corporations Act 2001. The Act defines market manipulation as transactions which create an artificial price or maintain an artificial price for a tradeable security.
Many people don't realize the basic reason behind the securities laws which is this: Capital markets play a critical role in capital formation, which is critical for a prospering economy. When the markets are manipulated or unfair, then people cease to participate in them, firms are unable to raise investment, and the overall economy suffers.
Here's a recent PR from the FBI -
February 14, 2013
Central District of California
(213) 894-2434
LOS ANGELES—Federal authorities have arrested 14 people named in two federal indictments that allege long-term schemes to manipulate stock prices that led to more than 20,000 investors losing over $30 million when artificially inflated stock prices collapsed. As one defendant described his scheme during a wiretapped phone call: “What I do is turn stock into money.”
Thanks.
Thanks for the reply.
But why would they all get suspended? That's what I would love to know. For violation of what regulation? What basis for this action would SEC rely upon?
if they all get suspended, halted or a DTC Global Lock placed on them nobody can say they were not warned in that event
Investors on drugs aren't going to read that. Sure hope that's not what the SEC considers to be enforcement.
I guess I assumed Integral was referring to securities violations. I was eager to know what specific securities laws were being broken and by which companies. Still am.
FSPM broke the $1 billion market cap today, fully diluted. The whole scene of 20 pink sheet stocks rising en masse is not one I can recall ever occurring before.
And I can tell you beyond a shadow of a doubt that all these pot companies are being investigated as we speak. MDBX, SKTO, trust me, they know about these companies quite specifically.
154 million shares outstanding if you convert the preferred per their terms. So FSPM is now worth over $1 billion!
Which makes sense since it has nearly $1 million in assets.
What crimes are being committed by the pot stocks, in your opinion?
Notice, too, PLPL, mailer promotion last fall, zooming on moving into pot promo.
I love the spelling errors! That's quality!
I suppose the timing of that seeking alpha piece the day after the share registration became effective is no coincidence.
I suppose the timing of that seeking alpha piece the day after the share registration became effective is no coincidence.
If you are going to say that facts are important then it's misleading to not post ALL the facts. Otherwise it's just a pump post.
Please post the price and terms at which FULL invested.
edit - I see that in past posts you did name the price and terms. So, doesn't the fact that these smart investors paid $5 per share mean that's nearer a correct price. Why would some retail investor want to pay $15 when these guys only pay $5. That's asking to lose money.
All of those shares were acquired in October 2013 at $3.00 per share. These are private placement investors, just looking to make profits as quickly as possible. If I were one of those investors I would be selling down to $4 or so.
However, the company may release news or start a promotional campaign (pump) to try to create some retail interest and volume, so that the investors have buyers to sell to.
Maybe that's the reason. Thanks.
Why is FSPM rising today?
The financing is 12% notes that convert at $5 per share. Plus 1 million almost free warrants. Plus company must file to get all of these new shares registered within 60 days.
Good luck with that setup.
Which ones are the crap cannabis plays?
I have a feeling that if I go to those boards, they will also point to the crap cannabis plays!
What we have in this segment are stoned investors, so gleeful at legalization that a new and better fantasy world seems possible. Sadly, the same old world with its darned laws of supply and demand will win the day in the end.
But fantasies are fun, no question.
Am I seeing incorrectly an error in the earnings per share numbers on the income statement? Net income looks negative but eps is positive.
And what's with those share numbers? 3 months ended 9/30/12 shows 3.3mm os, 9/30/13 shows 2.8mm os, 9 months ended 9/30/12 shows 16.4mm, and 9/30/13 shows 17.1mm.
I have a certain fondness for this company as they are a US based manufacturer, but they seem to resist reporting per the rules. Perhaps an anti-authoritarian streak? That would be counter-productive.
You guys see the PVCT shenanigans today?
My vague understanding is they exchanged shares to a different cusip, rendered shareholders unable to sell, ran price up with a ton of pr's and then sold into the run today. Down 65% today from $5.50 to $1.80.
Fancy crime. Then again, the price is no lower than it was a week ago. I know we see this all the time with penny stocks, but not usually at these prices. Many people thought this one was legit - probably still do.
1 : 1 Issue Change PVCT@PINK
PVCT@PINK (Name: PROVECTUS PHARMACEUTICAL INC) has announced an issue change of 1 : 1 effective 20140124.
ISIN : US74373F1003
Would love to see this board dig into some of these marijuana stocks. That's where the craziness is craziest right now. I mean pink sheet stocks with market caps gone from $10 million to $1.5 billion.
MDBX is the very least of it.
Check out the new PHOT financing, or the FSPM relentless rise, etc etc. CANN is just wrapping up a $5 financing, which is sky high, yet the stock is at $18.
When the stoners come down off their high they are in for a rude surprise, and the promoters are having a field day.
they get 24% from their tenants on the real estate they buy
Let's discuss the real estate economics in detail, because I think you are making an error or two. Can you share how you get the 24%?
At $10 FSPM will have a market cap of over $1.5 billion.
Revenues last quarter? $550,000, down 30%.
The whole pot stock phenom is just absurd. The only rational explanation I have is that buyers must be stoned.
You are right! So far. In the long term fundamental analysis wins, but in the short term anything can happen - and it is!
Not an unreasonable range. That would be 12 to 18 cents per share.
From the company's own filing(not misinformation in any way):
8.0mm shares outstanding at 9/30
plus 6.9mm from debt convert
plus 146.7mm from preferred convert =
total 161.7 mm shares fully diluted
$20mm / 161.7 = $0.124 per share
$30mm / 161.7 = $0.186 per share
It's no coincidence that the stock was selling just a bit above that in November and December. The current runs are just off the wall and people will get hurt.
I don't see anything incorrect in that Investopedia page. I've been shorting pinks for years... As they say, it's not without its problems.
It's in the fine print where pink sheet stocks often hide the most important information - in the notes to the financial statements...
The Company has the following potential common stock equivalents at September 30,2012 and 2013: The series A Convertible preferred stock is convertible into common shares at 100 to I, reflecting a total potential conversion of 146,733,00 if fully exercised and converted. The convertible note is convertible into common shares at various rates of conversion. As of September 30, 2013 the convertible notes (and accumulated interest) could be convertible into 6,909,509.
And by the way, lots of companies are doing this - no way it's worth anything more than $10 million.
Here's how to think about it - how much would anyone pay for the whole company? How much would YOU pay for the whole company if you had the money?
And if it's $350 million, why didn't that happen until this month? Sorry but it's not suddenly worth 10x more than it was last month. That's just silly.
FSPM market cap is now over $350 million. Total assets $676,000.
What has happened to common sense?
The Company has the following potential common stock equivalents at September 30,2012 and 2013: The series A Convertible preferred stock is convertible into common shares at 100 to I,
reflecting a total potential conversion of 146,733,00 if fully exercised and converted
Those stocks are extremely hard to borrow, use a ton of margin, and liable to forced buy-in at the most inopportune times. Plus, you are likely to pay 200% annually in stock loan fees.
Theory vs reality.
Now, tell us more about that jungle safari! Or do you mean ACDU?
Sounds like as long as they are pink sheet you can't get the restriction lifted? Is that how it works?
You sound like a sensible business person. I hope it works out for you, but, as I'm sure you are aware, pink sheet stocks usually don't end well. AVTC is unusual in being a real company, but extreme caution still applies, imo.
Refreshing to see a realistic post. I take it you acquired restricted shares. When are they likely to be tradeable for you?
Since you asked..
I'm insinuating that Alpine is unethical and abuses its investors trust. In fact, I'm stating it outright as my strongly held opinion after watching their activities over more than 10 years.
Everything they touch dumps. I'm not going to write a treatise about them, but a simple google search brings up enough...
Dec 9, 2013 - FBI, securities officials investigating Scottsdale Capital, Alpine Securities in the trading of Biozoom, source says
Alpine Securities :: Stock Broker Fraud Blog
www.stockbrokerfraudblog.com/brokerage_firms/alpine_securities/?
May 7, 2010 - Inc., Olympic Securities LLC, and Alpine Securities Corp. have consented to pay $385,000 to settle Financial Industry Regulatory Authority that
http://www.securities.utah.gov/dockets/07000901.pdf
On April 18, 2013, the U.S. Securities and Exchange Commission (SEC”) filed a Complaint against Gibraltar Securities and Davis The Complaint alleges that Gibraltar Securities sold this unregistered stock to U.S. customers who purchased through brokerage firms: Oppenheimer& Co., Noble Trading, Scottsdale Capital Advisors and Alpine Securities Corp.
Phillip E. Koehnke
Showing up authoring the filings for PCWT since the agreement was signed with Western Water Consulting Inc is attorney Phillip E. Koehnke of Encinitas, Advanced Mineral Technologies Inc (revoked by the SEC), AMT Group Inc (revoked by the SEC)).
Phillip E Koehnke is also a registered broker working through Scottsdale Capital and its clearing firm Alpine Securities. He worked closely beside now banned broker, Joseph Padilla.
That's excellent pricing for the company, albeit 70% below today's market price.
Hope no one is buying shares today at 3x the going price.
At that I will leave you guys to your games.
The same was said about PLPED, which is down from $37 last week to $4 today.
All I wish is that people were honest and transparent, but when paper is being pushed to the innocent, I guess that's not going to happen - particularly when Alpine is involved!
"Nothing but good news coming on this CANN. They are in the right place at the right time and their upside is unlimited.
Short sellers should be very careful."
I wish good fortune with this stock upon anyone who is not intentionally deceitful - should such folks exist here.
Spencer Edwards own Alpine Securities. That explains a lot!
Enjoy the ride. I can wait it out.
Let me know the convert price if you get the chance, please.