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In The .20s Now. Bulls? Anyone?
The scam theory is gaining more credence by the day as the dumping continues and bulls remain silent.
This is looking more and more like a slush fund for insiders, as they sell all the way down while supposedly this breakthrough technology they possess is about to produce revenue.
A typical pump and dump.
I am surprised the SEC hasn't picked up on this yet. If many here saw what this was, why can't our government? Perhaps the management at Alliance Bioenergy needs to be reported first. At any rate, it is sadly looking like this is in the dying stages. Opposing viewpoints certainly welcomed with the exception of the tax-selling excuse.
Perhaps The Wall Street Top Gun Is Buying Them All?
He has inferred that here before.
I highly doubt it though. After watching Dan on that "tv show", I can understand why he's selling. He spoke as to how he was so excited about the company but showing a water heater and a bucket as the "technology" was just horrible optics.
Fortunately in 2015 and with social media, scams are far more immediately visible than they used to be. I wouldn't be surprised if the SEC started sniffing around this, especially given the mystery South African millions.
Unfortunately I Do Not
The show seems low budget and I also did not see it on the "New To The Street" website. There is a vidcap of Daniel de Liege on the New To The Street Facebook page but that is all I see.
I am left quite underwhelmed. I can not believe that for all of the talk about technology and how this process is a game-changer, all that was shown was a still-photo of some sort of modified water heater on its side with a bucket underneath one end.
Saw Today's TV Appearance
Dan spoke well of the company but nothing new. Mainly a hope that licensing revenue will appear next year.
What was most alarming was the photo they showed of the equipment. It looked like a water heater that was turned on its side and painted bright green with a tap at the end. Under the tap was a... bucket.
The tech may indeed be real, but now seeing an actual scene from what I'm assuming is the plant, the optics seem awful. How that is supposed to get anyone new excited about the business is beyond me.
And There You Have It...
25,000 shares dumped by BKRT, right on cue.
Who is dumping? Why would anyone dump with supposed positives on the horizon?
The Best Question Is...
Who is BKRT selling for? They obviously have seemingly endless inventory and they have once again appeared at .39, which will most likely be the top for today unless there is some unforeseen buying binge or they move their ask back. Until entities like BKRT, BMAK and others are done with their dumping, this stock will not be going anywhere. Basically, the stock will close wherever those market makers allow it to.
Of course for every seller there is a buyer, but if the company is so close to receiving its millions from the South African mystery company in a few months, why would any "insider" be selling?
These are the questions that everyone should be asking, rather than being a bull just out of sheer hope.
The .35 Area Happens To Be...
...around the would-be conversion-worth that the mystery shareholder threw at the company back in October.
On October 30, 2015 the Company entered into a 30 day convertible debenture with a face value of $90,000 with a shareholder. The note does not accrue interest; however it can convert into 250,000 shares of common stock upon maturity.
Coincidence that this has been a support area recently? Just an observation.
Of Course The Stock Advances With Revenues
But it looks horrible to have the company's biggest revenue source push back receipt of payment because of some very sketchy excuse of US interest rates.
Nice Find lptw. Thank You For Sharing.
The Same One Delayed By "Interest Rates"?
You can not tell me that does not sound fishy.
Today Is November 30. Radio Silence.
The word "SCAM" is growing louder and louder, with no word from the bulls.
valeria123 Friday, 10/30/15 11:16:35 AM
Re: LTE post# 1735
Post # 1736
I've communicated to Dan, the first revenue payment is scheduled to come by Nov 30, once that is done, it will change the game forever, and your doubt LTE will be evaporated, till then lets see what happens.
I Respect Your Viewpoint, Sir, But C'mon
The chart is horrendous. BKRT & BMAK have been relentless sellers since the "interest rate excuse" was given last week.
So you are saying others know more than insiders? That's quite a bet.
Well, At Least...
...there was a picture with one of the wives of the South African President.
http://globenewswire.com/news-release/2015/05/20/737675/10135290/en/Alliance-BioEnergy-Plus-Inc-Announces-the-Signing-of-Historic-Territory-Licensing-Agreement-With-South-African-Company-For-Its-CTS-Patented-Technology.html
There is not much on Carbolosic Energy (which was renamed from Naldogen). In fact, their website is locked down to only "potential investors".
http://www.carbolosicenergy.com/
Does The "Interest Rates" Excuse Not Bother You?
I have seen many small companies push back the "receipt of funds" and I voiced my worries about this back in May.
On the same day (11/21) they publicized the delay in receipt due to interest rates, the company issued a PR touting more progress.
Some would say it seems like a smokescreen.
Lows Not Seen Since August. Bulls? Anyone?
Radio silence on this board now.
Curious...
This Now Offically Reeks of a Scam
See yesterday's release that LTE posted. Interest rates?!? You have to be kidding me.
Typical of a penny stock scam. Where did the Bulls go, anyway? Where is the Wall Street Top Gun? He said he was going to own a large portion of outstanding shares. I am curious if this has changed.
Sellers Lining Up, Bulls Are Now Silent Here
Observation.
From .44 to .39 - That is How Dumping Works
Anyone watching the price action this morning could have seen it all take place as it was quite obvious.
It would be most interesting to find out who BKRT & BMAK are selling for. We will most likely never know, but being that this is coming after missed due date for the South African "mystery millions", it bears watching.
Now BKRT Is on the Ask
Another known diluter. This will most likely stop today's advance (the price when they appeared was .44).
One Can Simply See It on Level II
BMAK was holding at .45 and unloading until volume picked up and they backed off. They could certainly return, but there's no sense for them to dump at a lower price than they need to.
Noteworthy Volume Today So Far
Also of note, BMAK got scared off back to .60.
Down To the .30s
As I predicted less than two months ago here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117233637
The orderly dumping of shares seems to be accelerating a bit, with zero sign of the South African mystery millions. I have noticed that many of the bulls on this board have been silent recently which is also curious.
Price Action Underneath Is Suspicious
Right now, ALLM is showing "only" down to .4356 on the day, however it went down to .40 on over 12k shares, and then right back up on 500 shares.
The same pattern can be seen in previous days. A lot of down volume followed by a token buy so the price does not seem disturbed.
As a long, this type of action is concerning. This is very typical of an entity dumping stock through a market-maker, trying to go unnoticed. I have seen this behavior before and it is not healthy action.
With receipt of payment supposedly due by the end of the month, the question is... why would someone be doing such a thing?
Enquiring minds...
"Toxic Debt" Increase Means Nothing if $ Comes In
Thus why receipt of payments is crucial and the stock price is dependent upon them.
Up/Down Volume is the Difference
This can be seen on Level II. Down to .40 on 25k shares with BMAK looming at .48 is definitely noteworthy.
Accompanied by a Noticeable Dump
I am not "poo-poo-ing" the company, just stating fact. When news hits like this for a small company and stock floods the market, it is seldom a good indicator of what's to come. I hope it's different with this one. I have mentioned before and have mentioned again, when MMs like BMAK are on the ask, stocks have a very hard time with moving forward.
I can read (and write).
There is plenty of information out there. I was merely stating that the mystery millions are due this month and you went into a protective hissy fit. Relax.
"You're", not "your".
And... you're wrong... but what else is new?
I absolutely love it that when someone who is long raises questions about a holding, he/she is seen as poo-poo-ing poor someone else's precious stock.
Stop being offended so dang easily and offer up a response of value, should you choose to type something.
The Asks Are Lining Up
All the way from .47 to .52 now with very few bids. It appears as though faith is slipping as there is no sign of the 25 million dollar mystery payment that is supposedly due this month. I am assuming that WSTG based his projection around this, and now the clock is ticking.
Of course good things come with patience, but people do run out of it if the company never ends up delivering anything tangible.
Some Would Say It's Textbook Pump & Dump Action
Buyers are waiting for real money to appear, not make-believe, talked-about Monopoly money.
Haven't Seen Wall Street Top Gun Around Lately
Observation only.
The Good Is That You Are Asking Questions
The bad is that you are doing it on a message board.
Ha. I Somehow Doubt That.
However, I do believe the Wall Street Top Gun will need to kick the can with his 2015 target of $5.00.
After listening to the call, there is no way that happens this year. Not even half that... maybe not even a dollar.
Back to the .30s
The gamblers who bet on a conference call bump lost, as there will likely be zero catalysts for this stock until at least the end of the year.
That Would Be The Dump of the Pump & Dump
Textbook Pump & Dump? I Was Mocked For Saying This
Make all sorts of "deal announcements" that no one can verify, then send the shares to market so the bag holders can buy 'em up. I own shares but it is hard to go against the price action.
This one seems far too obvious compared to other schemes I've seen. If they weren't a useless organization, I bet the SEC would be interested in what appears to be blatant manipulation...
WSTG vs LTE - Got My Popcorn
While I am long but cautiously bullish, long term, LTE wants this stock to go down while WSTG seems all about the pump. Meanwhile, the stock has stalled here under .50
LTE did raise an interesting point a while back, though. Why in the world if ALLM is getting millions and millions of dollars from the mystery South African partner would they take on 100k (plus interest) in financing? This would surely suggest that they do not expect payment of the millions and millions at any point in the near future, if not at all (November is the deadline). I think we will know by November if this operation is legitimate or not as we'll have full confirmation if this was a pump and dump. Until then, as always with these small names, dilution is the biggest concern. Can ALLM's management control it or will they be like just about every other company that's trying to make it and hand out countless shares?
Time will tell.
Yours Is To Evidently Be Clueless
You do not know me from Adam, and it looks a little desperate when you get antsy over someone who sees both positive and negative.
What Would One Expect From Calling a "PR Person"?
It's their job to spin anything and everything positively.
I am long shares, but just pointing out what I thought was obvious regarding this point.
Heading to the .30s
The dump part of the P&D rolls on. I guess ALLM management is realizing that meaningless PR did not work. Investors want signs that there is real money involved, not Monopoly money.