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I agree. I've been studying charts for a while and now see how they reflect the future of a stock. I see AMNE getting ready to take a serious run, with or without the f/s. Looking at their future business practices, I see some resistance point at 0052 and think if we break that, this stock will take off again.
Looking at the history (this year only), in the last half of March to early April, the stock range was .001 to .0037 with a peak volume of 184M shares. If you look at the accumulation between the last half of March to early April, someone knew something was up and accumulated in bulk. The stock flatlined and actually dipped until May, then the race was on. Lots of volume, with a spike that took us to .0185. During that time the stock had the appearance of a pump n dump. If you look at the last half of June until now, I think the longs are accumulating, with some newbies testing the waters. We're averaging about 13-15M per day and in some cases, as low as 7.65M in a day.
Ok, what does that mean. I think longs are being patient and silently loading up (like me). I think we'll see this stock dip further down into the low .004's or high .003's. I see this as opportunity and think I'm going to rething my whole profile around this stock. I think its time to just do a full load and continue to be patient. I think mid early to mid August we'll have a super spike again and it will mirror June's spike and volume. With the silent accumulation, these low volumes we're now seeing, I think its just a smart move. I had a goal of 10M shares before the f/s, now I'm doubling that and averaging down in the same process. Let her dip I say, I can buy them cheap!
Like some also believe, I think charts dont lie. This one's got a lot of high side and its just time for me to stop putzing around and dig in. Like PEACHMAN, I'm loading up and soon to have 100M reasons to be positive.
GLTA
yeah, this thing about sh's calling customers, i dont see the need for that much depth in dd, as this is way too disruptive to the day to day business. the question i have in your comment, it appears he's deliberately keeping the stock at subpenny level to stay away from being transparent. thats concerning in itself if this is the case. maybe i'm reading this wrong, but am still in a long position, so thats not going to change and i bought more today to average down. when this thing goes up again, this will excellerate my bounceback.
thanks for the post and gl.
this is crap. more concerned with how the complaint came about. gee, lets see.....lack of performance to start and no explanation or accountability for the lack of performance. by the way, saner said the same thing to me in his emails "your destroying the company." this was when i asked "when your going to get off your a$$ and get with it." now we cant even sell the stock (had mine on the block for quite some time now). here's some specifics:
-where are the div's due february?
-stock buy-back?
-website? as simple as that is.
like i said, i wrote the stock off. i only visit this blog once in a while now, but am still amazed that people still believe in this company.
saner's an idiot, incompetent and a liar. doesn't know what or why. what a load of crap! if he's not aware of whats going on, he needs to be removed.
i wish glta, but this dud is over.
Fully agree and hope this interview brings the answers and not excuses about papers and such.
I have some reservatons with your statement. First, I'm not bought into the A/S issue, so I'd like some specifics on that matter, starting with, when they will become part of the O/S (if its not already done). Second is the buyout itself. I have to admit, I'm not in this solely for the buyout, I'm a true long position and agree Jared and Mark need to build a company and not a stock. But its the sheer transparency that I'm concerned about. I realize some issues are sensitive and divulging information could blow the deal. But its the timing and the method Jared & Mark released the information...e.g. notify us after the deal's long gone AND at least try and remove shareholder's speculation, "is the deal still in the works or under review, or is it dead?" e.g dont leave us hanging.
Last is the gagging of the TA. Why?
The devil's always in the details. e.g. set it up, do it, edit, post....we'll see.
GL
Thanks for the info....gl
AWESOME, be buying this week. Like that kinda business attitude.
Thanks
so do we now have an official O/S count with the TA ungagged?
Can we get this verified? Need to know to make an informed decision.
Thanks in advance
Peachman, again I agree with you, but back to our first conversation, I'm still stuck on how the div shares will be structured, whether or not these shares will be restricted or not (if they are restricted, they are useless to me). Is there an Investor Relations contact I can call and touch base with? Or would calling the boss be the best. This is the ONLY reason I wait to buying more and my trigger finger's got an itch in it to do just that...buy more, literally almost doubling my position. Anyway the company will release information on the share structure before hand?
Thanks in advance.
yeah, i'm in the same boat and looking for more this week if a deposit will ever clear the federal reserve from overseas. look to add more myself and "wait" for the momentum to pick up. only difference for me is, i think it'll go further than .02-.03.
gl
i think its possible. i think this video conference from jared will need to be effective in order for sh's confidence. if he tells us he balked at more than .25 per share "as a sign of things to come" and doesn't have anything in place to back it up, i think even many of the longs will bolt.
he also needs to explain the additional shares and why he didn't inform the sh's before hand.
overall, he needs to gain sh's confidence, establish his credibility and leave the sh's with the feeling he knows what he's doing. if he doesn't, this stock may not recover.
last point, the company never came clean with how many shares the buyer's bought on the open market and i think the sh's need to know. if they've been the one's accumulating, and he opens the flood gates on the new a/s's, they may do a lot of damage and this is a huge concern.
cheers,
Yeah, I was hoping to accumulate at the start price today, but didn't get up in time (from fishing). So, I missed out. I would have accumulated some myself. But seeing it go to .0057, then as it dropped, was glad to see it settle.
Cheers,
ok, elaborate. what "eyes" are we talking about?
i see a lot of skepticism in the volume over the past couple weeks. we've been relatively low and just wondering if this is pending the "news." volume is ok per each buy, but not near what is has been. any specualtion? like to see some POSITIVE and CONSTRUCTIVE discussion around this.
Cheers,
my dd says it is. if i'd have been on the ball, i'd have bought a mass at .0035....cant believe i missed it. too much fishing, make one want to sleep in...ohe well. next time huh.
gl
Some dividend. Doesn't work with my cash flow. This is the pits! So lets just say there's a R/S? Are these shares that I cant sell going to be involved? If so, what do (in reality) get out of it?
yeah, i want him to explain that also. but i also have to remember the jared said he's not "building a stock, but a company." if i'm in his shoes, i'd do the same, but if the offer had more value than the company's true value and expected value, then jared let us down.
gl and looking to see the results of the video.
good post and thanks. i've been impatient, but looking to load up tomorrow, big time.
gl
At least you all have yours. Etrade has only posted the shares I had "before" the 10th. The shares I bought "on" the 10th, still nothing. Etrade says I wont get them because they had to have been "settled." I've called the Investor Relations guy from SYNJ and he's supposed to be working on it. We'll see this week.
The ones I've recieved are also posted with some numeric symbol, etrade says they are restricted for 6 months to a year. Working on that also.
Cheers,
Great News! Thanks for the post. I've have some cash in the cache and waiting to unload. Now I have a reason. Peach, I'll be catching up with you brother (yeah right), but will be loading up (again) Monday for sure.
GL
Ever heard of "forced bankruptcy?" if in the "asset hearing," personal assets are found tied to the company, they can be made part of the deal. In any case, consider, "what if EESO wanted to increase its client base?" There's intrinsic value to think about.
GL
I see you make some good arguemnets, but I dont agree with everything. If WOW doesn't have the ability to pay, they could be forced (in the courts). If EESO is using WOW as one of the vehicles to distribute, they could just take it over (another part of the leveraged buyout). If WOW goes to the courts for protection, EESO can ask and have an "asset hearing" where the true assets and their values are taken into consideration. This lack of payment is not always "poof" as you say and have been personally and deeply involved in the DD course of action in the oil & gas business, where my previous company took over the 3rd largest European O&G company under the same terms. Compoany A (my old company) sold Company B a lot of feedstock oil & gas for refining and for sale to the public, because their production fields were in decline and they didn't have the money to invest in new technology to keep the production up. They got seriously behind in the payments and couldn't barter for more of their government's support and they were almost to the point of filing for court bankruptcy protection. Instead, Company A brought me and a bunch of others to perform a lot of behind the scenes DD with an immediate affect, and whala made a proposal to buy 51% (controlling interest) of the company, literally buying out the private parties, while the state government maintained ownership of the rest. Company A used this leverage and made it happen.
I dont see why EESO wouldn't do the same. Offer to purchase controlling interest, with the debt already owed as the leverage and this would also cure the debt.
Anyway, just a thought. I know if I were in Jared's position, thats the approach I'd take...take my lemon situation, twist it a bit, make lemonaide.
GL
Just give me a beer lol. K-I-S-S (Keep It Short & Simple).
yeah, i'm going for an additional 6.5 M to top off at 10 M for now. i made good money on the pgyc stocks before they went bust (lucky me) and am going to reinvest 1/2 in here and 4 others (including GM) for the long haul. plus, i'm expecting my severance pay and tax reimbursement from my company to be deposited, so....i have a plan! and am sticking to it. hope its all here tomorrow AM, going fishing tomorrow afternoon for about a week. I was thinking about leaving my computer behind, but now, no way. ...
good luck and lets all wait n see.
that may be, but he should still make sure we on board. i realize he's not building a "stock price" but a company, but the people that invest (like me-heavily), we deserve to be kept 1) in the loop, and 2) more actively engaged. we're trying to look out after our money also.
i'm ok, just want some answers, fill in the blanks stuff. hopefully next week.
cheers,
well, i think i've spoke out of frustration earlier. yeah, we have baggage, we have rejected buyouts...blah blah blah. I'm sticking to my DD and NOT get caught up in the distractions... stay focused. If people dump, I'll be there to buy also.
this stock will dive on this news. all the people waiting for the "buyout" will ultimately dump, even some if not many of the longs.
for jared and mark to rebuild on this information and in fact turning down a couple solid offers, i think they blew it on overconfidence and which will ultimately burn the shareholders.
then add in the fact they are lugging baggage around with them. a lawsuit and a company that hasn't paid their bills, e.g. fragile partnerships (and former partnerships), with potential for more to come.
the buyout would have been the best course of action and I'm disappointed they didn't accept, regarless of the "potential." there's a difference between common sense and reality and there in lies the disconnect.
have to think about this tonight and possibly over the weekend. not sure if i want to stick around now. i have a lack of confidence in the leadership to act on our best behalf.
cheers & gl
Agreed. All the DD points to "+" so the time to buy is now. As soon as my deposit dome through, I'll have my auto set, the go hit the fishing hole for a week or so (Time to go get some of those wonderful Alaska Red Salmon and Halibut), over the 4th. Sign's on the door "gone fishin'" as of tomorrow AM.
GL
I think the MM's are driving the price down and loading up for a PR run. Looking at the buyers, I think its clear they know something's happening and are gearing up for another .0058 range dump. The lineup is huge. I expect this to dip back down into the .002's then climb (possibly rocket) in a couple weeks with more news.
Off 22% today so far on 170+M volume. I think the .0032's are the dumpers now and they will drop lower soon with a lul in activity.
I think thats good news for the longs....in my thoughts, close to the time to buy. Get ready for another dump frenzy (again, into the .002's). Once we're there, buy-buy-buy!!!
Cheers & GL
the old flash n flame. lol. now they push a new product.
they're in on the scam, simple as that. so they filed suit...big deal. even if they win, they get a pr out of it? drive the price up once more for the rest of the suckers. then the last pr....the plaintiff filed bankruptcy. they fold the company, walk away with pockets full of your money....then start all over again.
can see this coming.
I agree. The average volume's gone way down from less than a month ago. Price should start going up and a pr would be a good jump start.
In the past 3 days, I've done a lot of my own background (key people, associations, company progress and made some calls to my contacts in Korea-jury's still out-waiting for info). What I've found is actually good enough for me.
Waiting for an overseas transfer, so if the price stays at this range, I'll be buying like crazy. Hope its here before the weekend. I think this cc coming up will answer a little, fill in some gaps (such as the additional shares-why the shareholders weren't consulted first; what the offer price was and why it wasn't released to the shareholders; and lastly, what the reason for the rejection was and how it relates to the current value).
I'm comfortable Jared will answer this next week and that he will make the company a little more transparent. Being an executive level, I understand his position and why he needs to keep a low profile.
Anyway, MO. GLTA
I agree, but am concerned over the lack of transparency. I think the reflection of the stock price is indicative of this. In addition, I'm glad to see we're still holding at .005 area without a pr.
I bought more this past week and will look to buy more early next. Expecting a large deposit and will be one of the "flippers" myself (part of my scheme). If it stays at .005 until Monday, I'll buy at least 2M more.
Cheers,
Phil
if this jumps to 5 B, why do r/s? i dont see it.
I agree, the negs are distracting. It is tough enough to see this stock sit at .005 (may go lower today), no information being sent, f/s a month overdue.......
Even if the PR comes out today (for example), the deadline will be extended at least until mid-July. So there's reason to be impatient. Anyway, trying to stay positive but realistic.
GL
Agreed! These bums know what their doing. Now they've been caught. The only reason Saner took his call from SA, was so he wouldn't be asked in person-face to face. Goes to show you how these Ch Sh cowards work.
I think the company's shares have priority over the sh's. Looking at the depth chart, mine dont even show up and I know they're for sale (still), for about a month.
I've had mine "good to close" for sale for about a month now and not even a nibble.