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yep. totally agree with you (as my past posts reflect). this is going places, folks just need to realize the timeline it's going to take to get there is much longer than many are saying - which is fine, but folks just need to understand.
the reason i care about this, is that the more folks that understand and are willing to take a position and just WAIT ... eventually, with the buyback, and with new LONG investors, it won't be a flipper's nirvana.
so far the "explosion" that we were going to see today has us down 5%. typical SEEK.
Well, I hit the ask at .043 for my tiny bit I could ... guess it was enough to move the seller up to .045, or actually probably just reduced the seller at .043 to under 5k ... wouldn't be surprised if someone put in a bid at .043 and got filled immediately for at least 4k...
I'll do the same in another couple of weeks, or earlier if funds become available from other sources ... have an "initial" goal of shares I'd like to have
Yeah, well, I moved the bid up to .041 this morning ... like I said, I don't have a lot of funds, but add in small increments when I can.
I might just go ahead and hit .043 ... won't take out the whole seller, but would nibble at it.
No lvl2 here ... what's it look like past .043 on the ask side?
Time to get a few more here this morning - won't be near as many as I'd like to, but every little bit will help.
I'm marking them ... this message is going into the "keep" folder.
Hope you're right. Still doubtful.
I'm just glad I waited to transfer my account to Fidelity - the change today in SMKY alone is worth about 20 less free trades. :)
Well of course, it's a lease. So yes, the lease gets paid. It gets paid based on production, with an annual cap. It will be interesting to see after 1 or 2 qtrs of operations if we get an update on production numbers, not just revenue, but production by poundage. That would instantly give an idea of how quickly the oven lease is being paid back.
The "interest" is a 20x conversion to common stock, so $100k per unit, the earliest that can happen is three years from (it's somewhere in the messages) July I think, but sometime in the summer of 2014.
So yes, shares will eventually be issued, but based on some projections, that might equate to only 10-20k shares per unit x 50 units: 500k - 1mm shares issued. (yes, it may be way more, or way lower than that)
Point is, shares won't be issued for 3 years, and chances are good that it will be minimal impact to the SS.
Wow, that was pretty bizarre. I too am confused. Will be interesting to see how today plays out. Not worried long term, just kinda crazy ... like when CharlesD bought those .89s :)
I would lead by example if I could. All out of funds. Waiting for either paycheck tomorrow and/or some movement in some other stocks.
I will be adding soon though :)
Well, glad it conveyed someone else's opinions also. I definitely don't feel like the enemy. :)
People are obviously free to have their own predictions, and there's nothing wrong with that. I do know that sometimes though, when you're new to a stock, at least for me, the process is something like this - find a new stock, find the board, start reading all the available DD, start reading through old posts (although on a board with this many posts, that could take a LONG time), but I read old posts to get an idea of who seems to have been around, made the calls, done the DD...and you get a sense for who you think you want to give credibility to their statements.
THEN, when predictions start coming out, and they never happen, over and over...I just get tired of it. And unfortunately, some young investors get pulled into the hype, only to watch the news come out, and the PPS either do basically nothing, or drop!
I'm not laying blame on anyone other than each individual investor, as it is the individual's money, and therefore responsibility, to do all of their own DD and make decisions based on (hopefully) a solid business plan and not just hope for a quick MOMO trade.
AND, I'm not implying I don't think people should post predictions. I think people should, and give their reasons for those predictions. Whether they end up being accurate or not really doesn't matter, as either scenario provides a means of analyzing the method used and the outcome and learning something for the future.
BUT, just as people are more than free to share their predictions, when they start to proliferate the board, as they always do before events like PR, fins, conference call, ticker change, etc. I feel just as free to post a disagreeing prediction.
If you look somewhere ... i.e., back through recent posts (don't have the time to find it for you) I'm pretty sure there was some sort of deal/partnership that was in the process of being entered into, and in the workings of that process, shares were added to the O/S to issue to the second party for services rendered. When that deal was terminated prior to any services being rendered, that certificate went back into the treasury, effectively reducing the O/S. (Double check all this)
That's off the top of my head, so don't quote me if I'm off on some facts. It's in the last PR I'm pretty sure.
Bottom line, the lower O/S is the correct and updated O/S.
Not about momo here. Soon (relative term), SMKY will be profitable, and expanding (not to mention the whole list of things that CharlesD laid out). As SMKY becomes established and expands in several areas: product line, markets (type-WW, supermarket, kiosk, magazine and geographical-Can, Eur, Asia), and national exposure/awareness, MOMO won't be needed to drive the PPS to a false high, it will be driven by "normal" (i.e., non-pink) market factors.
If you go back and look at some of Six's posts on future preditions of PPS in the 2-3 year range and the fundamental support for those predictions (multiple ovens, revenue per oven, profit margins, industry PE ratios), the lack of MOMO over news that we have known was in the works for many months now is of zero concern...and actually bodes well (IMO) as it indicates there's not a lot of MOMO folks trying to create a false push and inevitable selloff (traders).
Welcome, btw, best luck on possibly deciding to take a position here.
Yeah, I agree - I have another stock like that. VERY profitable, increasing profits...but trading in the same channel still as it has been all summer. It's fine, it will move up. SEEK will also I think ... eventually it won't have a choice as it becomes more and more clear that it's undervalued.
I am playing it that way, and also don't really care if it takes a while. I'm just saying I doubt that posting the financials is going to cause any kind of sustained gains.
We'll see.
Oh, I agree. Scott is sticking to his plan, and I think it's a good one. And I too am willing to wait. It's just after months of observation and countless posts on this board about when any of "a, b, or c" happens, it will push the stock to "x, y, or z" ...
... and the thing is, we've seen a, b, c, etc...and where's the PPS? same channel as it's been for 6 months or so.
i don't have time to go back and list all the individual instances i'm referring to, but for folks that have been here a while, they know it's true.
- month after month of increased revenue announcements, no sustained gains
- announcement of ticker change, no sustained gains
- ticker change, no sustained gains
- conference calls, no sustained gains
- announcement of first profitable qtr, no sustained gains
and now we have financials about to be released, and folks still hoping/predicting this will run to .003 - .005. I HOPE it does. I just don't think it will. I'd be surprised to see it touch .0025 and stay there more than a few days or a week.
Again, not trying to be a negative nancy ... just trying to have realistic expectations of the near-term future based on what this stock has shown historically...and not much has changed in terms of factors that will drive the PPS.
Hoping the coming week proves me wrong.
"just fine" is a completely subjective phrase. my opinion is that it's not "just fine," so we have differing opinions, which is fine.
one question though. if it's just fine - why would SG be willing to spend LOTS of money in a share buyback instead of putting those funds into other areas of expanding the business?
clearly, once again clearly to me in my opinion, the SS IS NOT just fine, and the CEO recognizes the harm it is doing and will continue to do to the shareholders and PPS stability/gains and is willing to commit valuable resources of a fledgling company to fix it.
but maybe it's just fine for you.
i hope it goes for a run, i really do as i've held for quite a few months now. not years like some of the longs, but much longer than i'm used to. so, i do hope it runs, but i just don't think it will right now.
Not a bad plan. I have yet to see EYSM/SEEK rise and sustain any gains after news, and it's all been positive. Again, this stock is a flippers dream, it goes up, it comes down ... very steady, very predictable, and relatively quickly. It doesn't seem to be tied to news or developments, and I doubt the PPS will really reflect positive financials.
Eventually profits will drive the PPS ... but as of now, until SG does this share buyback and cleans up both the SS and debt, and SEEK is established in the industry and some external criteria can be used to justify a P/E ratio that will show it to either be under- or over-valued ... this pattern will continue.
All in my opinion of course, but as much as I would LOVE to see the PPS take a jump after financials are posted, after watching (and owning) SEEK for some time, I have my doubts. Even if it does have a spike, I have even higher doubts that any gains will be sustained.
I think you have a good plan...unfortunately it's too easy to manipulate this and that makes it dangerous. Hope you're wrong and we have a steady gain that holds, but think your prediction will probably prove valid.
And, oh btw, I care what your plan is, as I think it's valid.
This and next week will tell.
Eddie said they already had orders coming in yesterday morning:
Eddie's post just before noon yesterday:
We have purchased 2.5 million "impressions" that will rotate our five ad sizes through respective sections of the site and visable to both members and non-members. The $25,000 per month ad campaign we purchased is their basic program to begin with and not for static ads, which costs up to $100,000 per month. We will receive daily reports on clicks by viewers and have numbers on which sections are attracting clicks, etc. and then review and evaluate results after two weeks. Advertising is a numbers game of frequency by viewers before they take action, and WW is very sophisticated in their program and knowledge of their members' profiles so we'll continually adjust to capture the highest benefit. A few orders are already in this morning, just takes time to develop and then social networking will kick in to spread the SMKY word of goodness.
My cholesterol dropped to 127 when I stopped eating meat (including no fish), so I wouldn't say it's the BEST thing for ya :) but definitely better than almost every other animal protein source. That's great your cholesterol is down enough to go off your medication!!
Eddie, that's great! Now you can take off, or better yet, strike-through (shows new visitors historical view of accomplishments, just a thought) the first bullet of "upcoming events" as it is done!
Yep, same for me ... still holding, not fun to watch recently, but maybe the uptrend has started.
Yeah, I know, and that's good. But it's not done yet. So until it's done, the SS sucks, and (in my opinion) is a big reason that this stock is a flippers delight. The PPS doesn't move on news, it just goes up, and then back down, up and then back down.
Of course, the PPS right now is based really on speculation of future revenues. We know, based on faith that SG is putting out truthful PRs, that SEEK is now profitable. How much, we don't know.
I guess my whole point is that SEEK has a lot of potential. But we don't know profit margins, and won't until financials show us. Reduction of the debt is good. Added subscriptions are good. A planned buyback is good. Conference calls are good.
There are a lot of good things here. I'm not downing the stock. I'm merely saying that I could name a handful of pinksheet stocks that are as good or better than SEEK in all those areas...and especially in PPS gain in the past (name your timeframe - month, 6 months, year, etc). And several that I'm pretty sure will have upcoming runs that will blow SEEK out of the water.
So, I'm still holding all of my original SEEK. I hope patience will be greatly rewarded. We'll find out I guess. Lots of potential for sure, but I "better than all pinks" is a pretty lofty statement.
It has indeed. I found your board through your profile when you got in SMKY, and when I first started buying WNRC at .11, I almost sold my entire position in SMKY at a large loss, as I first bought in at .03 early Dec 2010 and had averaged down ... but had grown impatient. I'm quite thankful to Eddie for his availability through email ... and thankful I held all of my SMKY shares. Now I've continued to add WNRC and ISML. Although it's nice to see ISML moving up, I keep hoping for some other things in my portfolio to make a move in time to add to my position there.
Do you remember when SMKY was at around .06 and I posted on there about cleaning out my garage? I did. I sold power tools, some kitchen accessories, and 9 guitars. Granted I probably sold at a 30-50% "loss" of what I paid for them, but I bought more SMKY, and as it's been trading at 6-7x where I bought with those funds, I think it was a good "sacrifice." :)
Funny thing is a lot of my friends think I'm reckless playing pennies. Having these hidden gems makes me much more disciplined with my money, as I want as much left over at the end of the paycheck to put into my brokerage account.
Not only am I on my way to wealth, but I'm developing financial discipline at the same time...win-win.
Look forward to the next few years with all 3 of these (and possibly a couple more).
That's a pretty strong statement. Definitely not above ALL pinks. Share buyback would be good. There's way too many shares, and way too many flippers right now (and for the past 6+) months that I've held this stock.
I think eventually this will be a good stock, but it's not my best, not even close in many areas: gains, share structure, profitability, transparency of the CEO.
Good, but not better than all others by a long shot.
Good thing I own all three of these - just not nearly the amounts I would like, but - these will surely be the base(s) from which I am able to achieve financial freedom. Just need another 2-3 hidden gems 2-3 years down the road. Financial freedom in 5 years - that's my goal/dream...and I really think I'm on track.
Same here - order in this morning at .03 ... when someone gets a chance, curious what the total bid(s) is showing at .03 on L2
At the risk of sounding contrary, I think some clarity should be added.
I don't believe it was ever stated by Eddie that this will be the first/only meat product offered by/thru WW - as it was stated (unless I missed something) is that it's the first/only prepared "protein" product.
And here is where some clarity needs to occur. In our society, protein has become synonymous with meat/animal products. It's not. I'm not sure what classifies something as a "protein product" but Atlantic salmon as far as I can tell probably has a protein content of between 40-45%, the rest being fat and cholesterol. I would be curious to know the specific nutritional content of Salmon after it's prepared by Smoky Market, but going strictly off percentages, it's really a "fat" product (50-55% fat).
And of course, there are lots of other products that contain protein, such as basically every plant nature has to offer...and my guess is that WW does offer veggies. While not considered by many to be "protein" products, it is quite simply a misconstrued concept of certain products being a carb, protein, or fat product. Broccoli, for example, has a protein content of almost 30%, less than salmon, but still high enough to, in my opinion, be considered a great source of protein. Spinach beats them both, boasting a 60% protein content.
This of course doesn't take into account the misguided protein requirements that certain industries promote, nor does it consider the World Health Organization's (WHO) recommended protein intake (3-5% of total calories consumed), not the 35-50% most Americans think. And I'm not making any judgments nor recommendations on peoples' diets. Having not eaten an animal product in over 2.5 years and having improved performance in all kinds of demanding physical situations, to include a second deployment to Iraq, and a fairly intense physical regimen, I can attest that I, and many other vegan athletes, get more than enough protein from plant sources. So maybe it irks me just a little bit when meat becomes synonymous with protein. Very simply, it's not. But again, this is all background to what's important here.
What I think the focus needs to be is not whether or not this is the only "protein" product or meat product that WW offers - as my guess is that it's really not. What is most important to me is that what is being offered is a much healthier, natural alternative to either eating stuff really bad for you and a presumably tastier (taking the word of you carnivores) option than eating stuff that tastes like cardboard with some seasonings.
Anyway, I really have intentionally kept from posting much about my personal dietary opinions, knowing that I probably disagree with many here about what is "healthy" to eat and what isn't - this isn't the place for those discussions, and I have no desire/intent to change anyone's mind. However, I did feel the need to share some facts and point out statements that, in my opinion, are both a bit erroneous and also slightly mis-focused.
Thanks for letting me share my opinions. I'm quite glad that the WW community who are going to eat meat anyway, are about to be given the opportunity to purchase a much healthier alternative to anything offered thus far.
:)
Gah -- decisions decisions. Saw the WNRC news, was hoping to wait to transfer funds next week, but decided it was worth the cost of a wire transfer today to have funds either today or first thing in the a.m. to get more WNRC, and then this news from ISML!
Have positions in both already, but neither are anywhere close to what I'd like to sink into them.
Decisions, decisions.
September 26, but we know what you mean ... next Monday! :)
Yep,
still holding and waiting. Finally settled in after moving from TX to MA ... so I might dig out that number again and try to call the CEO again.
Cool - well, here's to hoping for something today ... or soon. :)
Today? As in Tuesday, 20 September 2011? I'm just curious - are you expecting a PR today or just sometime in the near future?
Wow Himpie, you're on it! Time for some early morning reading. :)
...and I guess that's a big no. Seems strange as several other junior mining companies focusing on Li have very active iHub boards.
I do love me some cacao nibs - some of nature's most powerful antioxidants right there...a true superfood.
Looks like a sell at 5? how is that possible when the closing bid was 6?
surely not.
is that what you're referring to?
Yep, really almost 12% ... what I'm curious about is what the float is/will be once complete with cancellation of shares.
Followed your post on the ISML board to here - my pick for today, WNRC.
Plenty of DD on the WNRC site, but reason for picking it today - PR out this morning confirming the expected (and promised) share buyback. Here's the news below. Would be very surprised if this doesn't go at LEAST 30% today, and sustain it:
WENR Corporation Announces Return of Shares
WENR Corporation, (PINKSHEETS: WNRC) is pleased to announce the return of 4,600,000 shares of common stock to the Company. The shares will be sent to the transfer agent where the shares will be cancelled. One certificate representing 500,000 shares was lost. Therefore the Company will post a "Lost Certificate" bond before the shares can be cancelled.
The current shares outstanding are 38,736,542 shares. After the cancellation of these shares, the outstanding will be 34,136,542 shares. The Company is still in the process of receiving additional shares.
WENR Corporation is a media holding company, which has two wholly owned subsidiaries, Satview Broadband Ltd., and Ngensolutions LLC.
Disclaimer
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear any projected results (expressed or implied) will not be realized.
Contact:
WENR Corporation
Dan Green
435-709-8350
WNRC News Out - Share reduction
news posted by Gamood on WNRC board
And here we go. :)
One PR at a time. For all of the lack of information this summer and delays in expected news, Dan really does deliver on what he promises, just maybe without the interim updates or on the timeline some of us would like, but it sure is nice to not be surprised by good PRs and to have consistency in what the CEO says the plan(s) is and what the post-execution news is.