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much of this wold depend on what each person bought in at. in my case, my average is .0034...divide that (using whole numbers), I'm at .0007 and that aint bad for a growing company with LOADS of steam. I see this bottoming out at possibly .0004, but with some sinificant jumps in leaps n bounds over the next 18 months.
quite frankly, i dont see this company's focus in florida for much longer and truly see this company exploding once the word is out on infinate r. once this takes hold, the runs will be nascar type at first, then lunar.
yeds, but this was announced, so whats the issue?
i completely agree and think this one will grow in leaps and bounds...but!!! the stock wont catch up until later sometime next year (audited financials, releases and such). i think this tme next year, we see a more accurate pps to all the sales and such. JMO
that makes more sense. so if they keep it at 7.5B, then we should be ok. they would also keep 2.5B in reserve for the company and if the opportunity's right, maybe we see a buy-back.
yeah, starting with alienating the people who financially support the company
May be true, but how many of these are recycled by shorts and dumping? Cant get a fix in the true volume unless we know the true OS....
I guess we'll see when the financials are released. Jared mentioned the company is undervalued and the current PPS does not reflect company's true value...ergo, thats where my concern is...why not? IMO, its just as important and its difficult for an investor to make a qualified decision w/o the true information. IMO, this should be a top priority.
I also think the past is just that, the past. If he is genuinely building the business, then lets keep him and the leadership focused on that. This quote he gives about Buffet is not acceptable in my book (although true), it doesn't excuse the lack of effort required to keep the business books accurate. Its also a significant part of Executive Management 101, "Manage the Stakeholders." IMO, this isn't done by allowing the PPS to be inaccurate.
Point being Jared (if you or your advisors are reading these) is "GET THE PPS UPDATED AS A PRIORITY, IT IS A SIGNIFICANT PART OF GROWING THE BUSINESS!"
Next CC, I will be attending and I will (with the hopes that others will also) insist that Jared tell us why he's allowed the PPS and the company's true value not to be adequately stated and communicated...whether he knows it or not, he reports to the SH's even if its a softline in reporting.
I dont see it that way. Nothing I've gathered so far taps the "liar" button for me. I feel quite the opposite actually. He's open and straight forward. How many other CEO's take the time to personally address the SH's monthly...yeah, ok it could use some work, but the "E" for EFFORT is there. On the same token, he's straight forward about "building a company and not a stock," which I really like and truly indicates to me that this is no scam.
I can understand the lack of faith, but everyone here knows, "high risk, high reqard." THats pinksheets. Again, I'm a long on this one and have a more aggressive portfolio set up and am managing it accordingly.
GL & GBTA
Ok, then be specific. What is the company missing? I have hot sauce for my crow.
Yeah, I had a problem with this also, but only in the accuracy being up to date....he appeared lacking in that regard. He does state that the audited financials will be released and quite frankly, I'm confortable with that. At least we do know they are being audited and the timeline is clear, we'll see them 3Q.
IN all, I gathered honesty and a straight forward verbal business plan. Could it be improved? Yeah, but not to the point where it lacks major direction or structure.
I dont think that at all. Not sure where anyone could come to that conclusion, everything thats been released by the company's verifiable. If you were in solely for the buyout...then I can understand that your upset. But that still doesn't open the door to call the man a liar. If you really listen to the man, he's building a company and not a stock...the stock will follow. And, from a business perspective, this is absolutely correct. IMO, SCAMS are built on companies who build solely for builing a stock empire, then it fails and so does the company.
Cheers
i think we're going to see another dip in the stock, where the people who bought in expecting an overnight "buyout" are going to dump like crazy.
IMO, I think thats a mistake and will be not only holding, but increasing my position. The rejected offer is only disturbing to me in 2 ways, but at the same time, I think Jared is addressing this for the longs. The only objection is in answering the question of "what was the 2nd offer?" As far as the who is concerned, I'm not concerned with that (for now), I wanted to know the price. And, the 2nd part of that, was "what price for the preferred stock-and was that relative to the rejected offer?" If so, then what takes precedent, the preferred shares or the common stocks?
Last part to this, where I believe its been addressed is I believe theres room for a counter offer. He did not say the buyout was dead, its just rejected and the door's open for a counter or revised.
I like his strategy and I think he's dealing with it practically and pragmatically. I think his role in company growth, rather than growing the stock is right on! I DONT think his views on making sure the PPS is up to date and making sure the PPS is acurate is acceptable (as a shareholder) and lacks professionalism, regardless of the strentgh and cnpv (current net present value) of the company. I think its his obligation to make sure the cnpv is up to date and that investors have this information, so WE CAN MANAGE OUR BUSINESS AS INFORMED AS HE DOES!!!
All this said, I'm still convinced he has the company's best interest at heart and IMO is NOT ready to fold for lessor value. He mentioned .50 + a premium for future business and IMO, thats very comforting.
With ALL that said, I'm holding and buying more if I see a dip. Why? Well its simple. I'm a long and will stick with it. If I can buy them cheap and make more by maximizing, thats what I'm gonna do. I didn't get into this for the GRQ (Get Rick Quick) deal, I want a real portfolio.
Now for the bashers. Anything ANYONE says can be pickd apart. Its done daily. I take what Jared's said at face value and to be quite honest, his initiative to keep the company transparent with the SH's is exceptional and should be appreciated, rather than picked apart.
GL & GBTA
dont know any of these and dont wanna know either. i think she's in on this and now that the facts are out is doing what she can to distance herself. smart move.
Not sure what you call bull? But lets start with the PR's the company released. Since you wanna attack people, lets start with the company's people. How about the $212M PO? How about the fake websites? How about the Turkish company who's people in Istanbul who dont know the names of the people on the org chart? How about the back ally shop in Istanbul with the company's name "painted" on the door and that sits in the middle of the junk yard ally? How about the one room "office" in Dubai, with a short lease and new phone, that no one's seen for more than a week? How about the CEO of a company in DUbai that doesn't even have a corporate email address and is supposed to be in a company that can afford to payout $200+M?
So if you wanna call "bull" on something, start with calling "bull" on the issues. Forget buying cheaper stock, this rodeo's over...now its time to start facing the facts!
I think its great to expose the who group. This only makes the plot more visible and the rest falls right into place.
IMO this is an exact statement. No way he didn't know.
I am also, but the evidence is overwhelming. Fake websites, fake offices, fake PO's with other fake companies....no real PR can be confirmed by anything than something fake. I dont agree with death threats and all that, you invest at your own risk....but many invest on information released by the company.
Personally, I think they need to do away with this "forward looking" stuff and hold people in these company's feet to the fire. Much of this is the reason this is happening and its cause for action.
exactly! and this one fits the mold. ashamed to say that i almost convinced a couple good people to spend their money on this dog.
I haven't heard of it and dont know that even if a place were to exist, we'd ever see a dime of the money. I think the money went to private accounts and is overseas....untouchable by the US.
I dont know what you expect me to find on this other board, I didn't invest in that stock...with that said, I'll just say what I've found on PGYC on my own. As for an appology, I've stated my case and stand on it. "If I could have found what I did, so could he!" He had a duty to do company DD and protect not only the company's interests, but the SH's and the people that propped this company up. In the end, and as I've stated and continue to state, there's no way he didn't know! No way! My research was easy! He has resources at his fingertips and is required to them to find this kind of stuff out and step away before the SH's get bilked....out of millions!
So what now? Blame the SH's for making poor investments? I dont think so. He can fight all he wants, but unless he convinces me that he didn't know, and why he couldn't know, he's one of the three...incompetent, grossly negligent or was a player and thats willful misconduct. In any case the people that really lost are the SH's. So which part should I appologize for?
Then why not keep the rest of us informed? Why not address the issues? Where's he at with that.
Trust me, I hate to throw stones, because I claim nothing to perfection, but I will stand up and be accounted for and if I'm wrong, state it.
I mean no harm to this guy and do pray for him. But the company has not been honest. Why the deciet, phony websites and all that. Is Nino to blame for that also? I dont see it.
Cheers,
I appreciate your honesty, but never underestimate law enforcement and am a believer in the system they uphold. I think a little differently and think the "pointed heads" will do their job and prove there's fraud and deal with it accordingly.
I wish everyone success, so GL & GB.
"Its ok to have a difference of opinion, thats what makes us different."
I'm not buying it or the CEO's position! If I can find what I did, so can he or any legitimate company. No way he didn't know and no way he wasn't involved and no way he was "scammed" in the process.
Whether he's guilty of incompetence, gross negligence or willful misconduct is not a mute point. I see it at a loss for the people who placed their money in the confidence in his ability to lead the company. That said, either way, he's out with his subordinate leadership.
Only difference IMO, is if he's part of the scheme. If his actions are willful misconduct, then he's not only out, he (and his collaborators) get prosecuted and go to jail.
There's a long list of issues that need addressed and now that you mention it...how come (at least since I've been an investore in this company) not one mention of other products; no mention of the financials those other products have brought to the company; and no transparency-to which the company's appropriately labelled "Caviat Emptor."
Point being, IMO this company's history and will not recover. I'm glad I got out when I did, but disappointed people lost and as a result are hurt. With that, one more question to you, why hasn't the CEO addressed this? He can hold a CC anytime and last I looked, the June 9th one was cancelled. He had a perfect opportunity to use that one to address the SH's and state a position, provide an update "yes we're being investigated.....but we're going to fight the charges...." But he's not and that shows me he's not going to stand up for the people that lost either, and is doing what he can to save his own skin.
yeah and I've increased my position and averaged down....now lets run some more....
oneinamillion, thanks for posting this, i listened to this all the way through. as an environmental engineer (by practice and by education), i'm excited of the new technology the company's working on and will be in contact with them in person to see if i can get involved.
as a person who does dd for major oil & gas companys (and now that i'm unemployed-contract expired), i've been involved as a project manager to clean up legacy spills all over the world (mainly in alaska, russia and kazakhstan), but have been an advisor for many other sites and know the costs of cleaning up legacy sites often negates a deal for new development, even with the use of current technology (bio-remediation, thermal desorption, etc) because they are not as cost effective as one may think. For a company to capitalize these costs, add them into the project's lifecycle and all that is very difficult.
if they are successful in this area alone, this would be a high rate of return in itself. the number of sites in the US alone are incredible, considering texas, oklahoma, wyoming, utah, california and many of the midwestern states who have a repreave on cleanup (including several high profile RCRA sites that the US Gov't are required to deal with under the National Priorities List of sites). this is a potential goldmine and is very fitting with their name in the term "solutions," as environmental remediation costs are MASSIVE! the government pays billions yearly and the costs NEVER go down, so this would also be fitting under the Obama-Green position (which is also largly a Democrat's position).
in all, I wasn't 100% excited about the address, but am comfortable I made the right investment. looking forward to seeing this through. GL & GB...PS buying more now!
Like you, I'm sittin' on the edge of my seat waiting to hear something. I had my auto set yesterday and it didn't click, so I've pulled it. Hope to see something solid today
GL & GB
I dunno, but it looks good so far. After the bloodbath we've had this past week, I'm all smiles now.
One thing to remember is when the company was notified about their stock getting suspended. Do you honestly believe they weren't notified before this?
I think they knew the day before and constructed the PR accordingly. What would you expect? They had to push public blame to someone.
Like I said before, that "blame" is nothing more than Act 4 Scene 2. These guys knew and it is totaly relevant! No question.
And now they're running for cover...the shredder's working OT and the fat lady's doing the la-la-la-la-laaaaaaaaa, warming up and standing at the light switch.
The last thing they'll hear before they leave their offices in the "clink" of the handcuffs, because its over.
Bunk! You signed and they posted that you signed. Cant just "opt out" when you want and think your hands are clean. THere are those who want to know what you know and when you knew it! The SEC will find out.
Good find!
I dont know about not going to jail, but I do know fraud is fraud and if the justice system does its job, they'll go to jail. I'm going to contact the RCMP and do my part, give them all the information I have and let the system work.
I just hope all the information is made public AND I hope this puts a charge in the system to correct itself. The very reason these guys do this is purely because they think they can get away with it AND "we've complied with the OCT."
Bullocks!
More FYI:
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=PGYC&t=LIST&m=27180934&l=0&pd=0&r=0
I want the bum put in jail. Him and his cronies around the world.
Well then why put aside 300m shares? If the buyout's still a go, then why increase the number of A/S.
Loosing faith here. If this is a scam, then I hope it goes by the way of PGYC. Those guys are in a LOT of trouble and the fallout will send shockwaves throughout pinkyland.
Cheers
ok, my mistake, i misread the pr...sorry
I've got major jetlag, 23 hours on the road. But just got off the phone....thought I'd update you.....more lovely news. 1) there is no legitimate company in Dubai by the name of Alcosses who pays UAE taxes; 2) no business license exists in that name.
If PGYC did ANY DD, they would have found this out also. No way they didn't know. Sorry, I personally think the SEC made the right move. No way this turns out positive and no way PGYC is innocent.
The PR they release (IMO) was when they were notified the SEC was stepping in. Their PR was 2 minutes before the SEC's release.
I'm very sorry to see people loose money here, and I'm NOT a BASHER. Just posting what I find and call it like I see it. If your dont like that...go to the next post.
I see people still pumping this and am amazed. Cant anyone see this lawsuit is Act IV, Scene II? And this isn't even good enough for a B perfromance. These guys are so caught....and its over.
I'm going to bed. Chat tomorrow. My prayers are with the one's who lost. I hope you get it all back and more....stay safe & lets hope big brother does good (SEC).
Yeah, even with that said I cant believe Jared and company haven't stepped in and updated the SH's. This is getting miserable....another 40% off today...we cant keep taking this! I've cancelled my buy for today and I'm glad I did. Looking at repositioning myself in this and when this hits, see it take off.
We need the company (Jared) to step up and prod the buyers. Why pay more for a stock thats dropping like a stone. If I'm the buyer, I'm buying out at less than .10 now.
yeah, the pps would be a whopping .0024 with that....BUT! I dont see this stock staying in that range. All we can do is see.
yeah, i've been buying on the way down and now waiting...i'm gogin to average down again as I see more people dumping these shares CHEAP!.
I've decided to stick it out and continue to buy, with a fairly decent turnaround (EOM July is what Jared and his people reinforced in the CC). So, I've got a BIGGER truck for this load.
Lets ROCK! Plus, I see a rebound coming. When the stock price is selling below the pps (based on my own experience), this is a cobra waiting to pounce.
Since I'm traveling, I'll have my AUTO pilot on, set at .005. That'll average me down a bunch and when this stock rocks, I'll be singing Van Halen. (your really dont want to hear that).
Cheers,
I really dont care what I'm labelled. I feel obligated to pass on to fellow investers...if they dont like it....too bad. I really try not attack others (with TavyCal as the exception, which I feel guilty of). I also dont think of it like "I told you so." I realy hope everyone makes out ok.
With that. I'm outa here.. chat to you all from NY.
GL & GB
Well, I've been diverted. Sorry, no Dubai this round. I'm headed to Vienna from Ansterdam. But, I've been in contact with Olga and she's checking into the office lease information. (She's actually trying to get on the realtor's list for that office complex, so this is a business arrangement for her).
Anyways, I'll be in Vienna for a meeting, then on to New York...then Alaska. GL & GB.