New to iHub, but old man
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Aurthur Batson goes by "Rob?"
Pumps. Momma needs another pair of shoes. Get this dog moving. LOL
Mild meaning not much price fluctuation.
Lots of volume. This means that either someone is spreading the ECOB word or a mild pump is going on. The Ace news yesterday was good, but nothing that would generate much volume.
Marked. Average cost, $0.0062.
Bought a few shares to test the waters here. Will see if it roughs up or calms down.
How do you know this? No news on the subject and CEO does not return calls.
Is this a shell?
Almost all buys? Who did they buy them from? Sellers.
If the biz is not where it supposed to by the time the new shares are exhausted, then they will no longer have enough controlling shares to increase again. Only thing left to do at that point would be a reverse split. But is a long time from now. Let's hope mgmt can make the most of this round.
No need. They have controlling interest and can do whatever they please. Per 14C filing:
On or about March 5, 2013, the Company received written consents in lieu of a meeting of Stockholders from Shareholders owning a majority of the issued and outstanding shares of the Company authorizing the Board to amend our Articles of Incorporation in the State of Colorado to increase the maximum number of shares of stock that the Company shall be authorized to have outstanding at any time to Nine Hundred Fifty Million (950,000,000) shares of common stock at par value of $.001.
They almost doubled the authorized per filing.
WOW. Massive dump today.
Product looks expensive. I remember buying the treated green wood. It adds another 20% to the regular price. Can't imagine building an entire house using the red coated wood.
Toxic. That can crush any good company needing money.
OK, so what gives? The 1-year chart looks ugly. Products look good. Why all the dump?
But conversely, someone had to buy the dumped shares. Price remained constant meaning matched buy/sell order.
Seems cheap enough at these levels (if their tech is for real). Will have to do some DD here.
Must be a P & D going on. Huge volume.
Who is Rob Batson?
No thanks, just trying to talk with management to see where their head is at. Seems like they've lost interest in their old ventures and now putting all hope onto Janus. Choi doesn't seem to know what CNCG is doing and that is bothersome. When your parent company is putting all their hopes on your firm and you don't know what they're doing, it is strange at best and stupid at its worst.
Looks cheap at these levels. Worth a look.
Spoke with 2 people at the SSF #. They told me about their biz (Janus Cam), but don't anything (or want to talk) about CNCG. Told me to call Peter Park or David Neibert.
Called Peter Park/David Neibert THREE times (leaving voice mails) over a three-week period. No calls back.
Called Mr. Choi back to tell him no one will return calls. He said, "Others have told me the same thing."
No one ever picks up nor return messages.
Has anyone tried to get more info on CNCG? When calling 866-800-2978, you select option 3. No one ever picks up the phone nor return calls.
Tried the South San Francisco Janus number too. They do not answer any questions regarding CNCG and referred back to the 866#.
Thus goes the merry-go-round. One does not pick up and the other does not answer question. Is this a real company or SCAM?
It's called, "Buying a shell." Price? Billy and Alan's 2-year paychecks.
Buy low and sell high. Let the CEO play his games. You've been here long enough now to play the range. Forget the outliers. Don't be greedy.
Pick your points of entry and exit. Stick with it. No matter how good the PRs or bad the bashes, trade for profit.
Good luck. (Use limit orders. Let automation work for you.)
Why? Who cares? It is what it is. Can't do anything about it anyway.
Oh, please. It's not like you can look up a note holder of a penny stock company in the Yellow Pages. Who do you think arranged for the sale?
Ya. You got it right on your first try, STOA set them up.
I can't see a thing being a freebie.
Promoters do not grab shares for pump. They get them FREE from block holders willing to pay for the pump. That said, they may tell a few A-list clients to buy in advance of a pump (making themselves look good).
Asher doesn't buy shares on the open market. They get FREE shares for putting deals together and debt conversions. Plus they will buy blocks of free-trading shares at a deep discount to market if it can be sold with a net profit.
No, MM do not buy shares from convertible note holders within the 6-month restriction period. MM's need to be able to cover their short position in days, not months. Liquidity is a must for MM's. They can't afford to tie up capital.
6 months is norm, but that doesn't mean he can't short-against-the-box.
Asher. Google them. Bad news.
ASHER ENTERPRISES, INC
Oh, NO. It's Asher, the destroyer of companies. YIKE.
Somebody made a few bucks here today. Congrats.
More than 41. Yes, isn't there more than 41 here on this board? LOL
As far as mgmt, don't personally know them. Don't care to either. If they keep what they have been doing so far, LVVV will be worthless only to be reverse split when no more bagholders.
Will they use another PR for promoters? YES, this bunch of clowns can't fight their way out of this mess by themselves. Looking at their background, they have no idea how to run a start-up penny stock. Track record speaks for itself. Nothing but down down down.
As to latest PR, it's OK. When you do not have much money to hire salespeople, partnerships are a way to get your products in more places. I am OK with this fluffy PR.
Not much money means dilution is coming. Banks will not loan them any money. Only thing to do is sell shares for cash.
Happy trails?
Yes, the CEO left. CFO became the new CEO. Then he left. Turns out he wasn't paid for a long time.
When a company doesn't have money to pay its CEO, not a good sign.
The only non-Asian board member resigns.
Company now all in China. Calls are not returned.
Board director became new CEO. He starts off with a PIPE selling shares like his personal ATM.
PR said another Asian firm will move some assets into this SHELL. Who knows them here in America? All we can do is Google them.
ATM working overtime selling shares for cash. Sad.
Zzzzz, today's PR. Enough for 250 point of sales? LOL
MM's job is to provide a market place to trade. It is not their job to walk a stock down. The MM employees do not get pay for do that AND they can get fired for breaking the law.
Yes, I have been visited a few OTC trading desks and see them in action.
All this blame for a stock's downturn is incorrect. Once you have visited MM's, then you will know this is not within their job description.
Something is not right. I think mgmt must have been caught off guard on how their stock value has tumbled and now don't know what to do.
How can this happen to us? Down so much, so soon.
All is lost. WOW. Really? Dream has turned into a nightmare.