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go baby!
http://www.rockymountainminerals.com
for speculators only
Lazarus
evolution when i was buying stocks....
i couldnt even get my best friends to buy.
sometimes i would buy at bid and then at ask for months. like THMG http://www.thundermoutaingold.com
at one time i had 216k shares [that was only 10k shares less than the CEO - until his mom gifted him another 250k or so]
i have trimmed my THMG position about 30% since it has popped.
still VERY long though.
Lazarus
here's a wicked spread SPND...
lol
im in from .18 with my last 10k purchased 5k @ .50 - 5k @.55
if they keep growth and revenues up -- it could easily be a 10 to 20 dollar stock in the next couple of years.
Lazarus
all i can say buddy is there was a couple of years there...
...that i think i was the ONLY one buying
market makers didnt even seem to want to sit on shares...they would just pass them off to me.
stocks bought at or near current prices:
PSCO - highest buy was @.15
PPMD - highest buy @ .25 lowest at .11
SIBM highest buy @ .11
DAVL highert buy @ .04 --- ouch!
Lazarus
bought my last block of AVIT in oct of 2001.
in all fairness lance...
i have posted stocks that i am trading more recently...[not just the ones that i have been sitting on for years that OWE ME PAYOFF]
examples:
WGAT @ 1.70 on thursday or friday of last week
PACW @ 2.50
PSCO
CRDM
and some others.
Lazarus
ok --
Lazarus
ps.. im in AVIT @ .06 and think she may go to $$$
i picked up a LOT of penny stocks on the cheap over the last several years when there was next to nobody out buying.
end of last year and this year i have been reaping the rewards... having many 10 - 20 - 30 even 40 baggers
i believe that if i were to posts the stocks i am in it could be counter productive for me.
happy trading
Lazarus
not being smug at all...
we all have our own ways of trading.
i hold out for higher because i have learned that if i am patient i will often get higher.
Lazarus
if they are buying at what i call...
" high "
which is not a triple ... do the math
my avg cost is .0147 so i took half my shares off the table at an avg price of .0748 which is approx 5 TIMES WHAT I PAID
but hey ... if they are buying high [ .07 - .09 ] with the intention of selling higher... i will wait and see if i cant get higher. last week i sold the last of my ECEC shares at 27 times what i paid for them.
Lazarus
loosing legs today
silver shells, silver shells...
....i want a payoff by christmas.
SIBM
PACW - next stop $3.10 range???
WGAT another nice move up here from friday's 1.70 :)
a little buy on SPND ....
this one should move up like molasses
but for the patient...it should be SWEET
Lazarus
AVIT a little volume and a little higher this a.m.
here is another example of how pathetically low this stock price is.
SMI products has nothing but an unsucessful website... and check out this balance sheet:
SMI PRODUCTS, INC.
(A Development Stage Company)
INTERIM BALANCE SHEETS
September 30, 2003 and December 31, 2002
(Stated in US Dollars)
(Unaudited)
(Unaudited) (Audited)
September 30, December 31,
2003 2002
_____________ ____________
ASSETS
Current
Cash $ 18 $ 25
======== ========
LIABILITIES
Current
Accounts payable $ 2,821 $ 9,465
Due to related parties 900 7,430
Loans payable 31,594 7,659
________ ________
35,315 24,554
________ ________
STOCKHOLDERS' DEFICIENCY
Common stock, $0.001 par value
25,000,000 shares authorized,
7,551,000 shares issued (December 31, 2002: 7,551,000) 7,551 7,551
Additional paid-in capital 43,049 43,049
Deficit accumulated during the development stage (85,897) (75,129)
________ ________
(35,297) (24,529)
________ ________
$ 18 $ 25
======== ========
WAIT A MINUTE...OMNI please explain
** A so-called big time trader is telling me don’t buy the stock it’s a scam and then it runs big time ((this is very true BTW)) its called EGO
when you say "(this is very true BTW)" what are you referring to??? the fact that the stock IS IN FACT A SCAM??
what you refer to as EGO is more likely to be defined as intelligence.
many penny stocks ARE scams... period. that doesnt mean that they wont run. but if you want to make a profits and protect your downside you must be very careful.
example:
BRE-X was a total scam --- but that didnt keep it from running up to $300.00 per share. i often use BRE-x as an example when making a point with short sellers. it doesnt always matter what you know. for example - say you KNEW for sure BRE-X was a scam when it was $5.00 bucks. all well and good, but if you shorted the stock based upon your knowledge you would have lost your ass waiting for the rest of the world to reach your blessed state of illumination. worse, you would be watching others make big $$ while it runs up.
i made a list of almost every penny stock traded on the OTC:bb in 1998 and saved it on myyahoo. today i would say that about 90% of those stocks are either pinksheet, bankrupt, or delisted.
there is plenty of money to be made on scam stocks --- knowing which ones ares scams helps you to determine how far from the door you're willing to dance.
knowing whether the stock is a scam or not really helps when you have questions like this: the stock that I just bought is going straight down what do I do now?
well... i would ask is the stock a scam? was it being run up by pumpers and propped by mms? [like say, just prior to a private placement.] were millions of shares issued for promotion that are still for sale? do you have a clue as to the stock structure, insider ownership, insider sales, outstanding shares, float, market cap, company's merchant banker and primary market maker [if any] etc, etc. because the more you know about a company the easier it is to decide what to do. if the stock is a scam it may be worthless before you know it.
i would like to offer as an example an OTC:bb stock that was trading at a high of around $3.00 only a few years ago. the name of the company Monsoon International. the company issued fluffy press releases and with just under 20 million shares OS had a market cap of nearly 60 million dollars. they had a stock promoter ringing the phones and touting the stock. all the while i was vigorously warning folks about buying the stock. one poster on RB got so upset at me that he sent me emails containing threats. [unfortunately the float on this stock was very tightly held and the only ones who had shares to short were the mms running the stock. since i just happened to know the CEO i asked him if i could borrow some shares - i also asked the stock promoter - but sadly, they would not lend me any] anyway, i just kept putting the truth out there and watched the stock go down, down, down. when it got to something like 3 cents i went down and took a picture of the company's WORLD WIDE HEADQUARTERS [i believe that's how they referred to it in their press releases -- too funny] and posted it on the internet.
here it is:
hey i love this one -- its a classic -- nice shiny mercedes parked in front of the door -- COME ON IN!
a tin shed in parlier california that was worth about $80,000.00 at the time. oh - and the company paid the CEO who owned this building $5,000.00 per month rent --- LMAO! instead of the $800.00 it was worth.
the stock went to .0001
oh...and while it was subpenny i picked up just under 5% of the OS because some investors from NY that were hoodwinked into buying millions of shares of the stock [i think at around 20 cents] managed to take over the company and are going to try to recoup their investment.
in the end - the chickens always come home to roost.
Lazarus
jim - i remember the name of the company...
Penta Water: http://www.pentawater.com/
they were talking about how great it was for health and stamina and how these celebs -- i think tiger woods was one of them -- will call and order cases overnight shipped to them.
as for whether it is truly beneficial -- imo that is somewhat irrelavent with these kinds of products. the bottom line -- is there a market?
the brevity of life and man's vanity has him grasping for anything that promises longer life or more beautiful body.
in my opinion the vast majority of beauty aids and most of the diet products and health supplements sold are worthless.
later, gotta go feed my chia pet
Lazarus
i dont have a clue....
but please.
tell me why viastem can be HUGE.
Lazarus
john - thanks for reading the q and ...
...thanks for the questions.
i assume the bank note payable is for the note you mentioned...but to be certain i would call the company.
i also assume that the certificate of deposit is cash raised from the sale of stock. if i remember correctly the did a pp at much higher prices than what we are looking at tody.
not a finance guy per se but i think the stock options werent included because the stock is below the strike price.
In May 2000 the company sent fda request to approve clinical trials for human testing, August 2000 fda put their application on hold pending new info. How could I find out what this information needed was? Also it's 2004, and no approval for clinicals yet? That's 4 years late.
yes the doctor that was working on Viastem moved on -- i believe in sept of last year. they need to show that they are agressively working towards finishing the tests for Viastem. i called the company and asked them what steps they were taking and they refused to comment.
I haven't looked into alot of 10q's of smaller companies but is a 33% onhand cash burn and 16% working capital reduction alot for 1 year? They would be out of business in 3 years without more funding.
most penny stocks are lucky if they have enuf cash to hold them to the end of the year ... and even then the business model is totally trash and a waste of time and money.
take a look at say - STEM.
http://www.sec.gov/Archives/edgar/data/883975/000089161803002603/f90227e10vq.htm
that company had revenues of about $59k for the last quarter and lost 2.5 million. they are doing nothing but burn through cash on R&D and last month they raised another 9+ million to burn. why -- investors are buying into the FUTURE POTENTIAL
so --- bottom line i can tell you that based upon relative comparison to other penny stocks and other biotechs PPMD looks to be in relatively good shape. they do need to show progress on viastem because that is there homerun product.
they are not alone in having a bovine sera free media [as you pointed out] but my understanding is that they do stand alone in having a transport media that is both bovine sera free and DMSO free.
there is only 4 million shares OS and the public float is about 1.2 million. lets say you pay market price for the stock and are able to buy 40k shares at .25 [i dont think you could]. if so you would own 1% of the company and about 2% of the float. how many public companies do you know of that you can purchase 1% of the OS for $10,000.00 i can assure you there aren't that many.
i could go on and on but i wont. please look at some other penny biotech companies and do the math yourself.
and while you are at it... look at the market cap of some other penny biotechs and compare them with that of PPMD.
when you get the relative perspective i think you will agree that this stock is grossly undervalued and with its miniscule float... if/when news comes it will move up VERY FAST and like very high.
having said all that --- i dont want you to think im some ignorant blind bull. i stand to lose everything i invest here just like every other investor. years of trading penny stocks makes me EXTREEMLY comfortable with buying PPMD at these prices. [watch your downside - the upside will take care of itself]
also -- im pretty blunt about the fact that the guys that run this company dont seem to be the sharpest crayons in the box. for example -- look at their cheesy website: http://www.protidepharma.com/
shit - they cant even spell their e-mail addy correctly.
one more thing - i owned some celox stock about 5 years ago and made some money on it and have watched it over the years. im hoping that my timing is right but i could be way off. if i am right -- ill make enuf $$ to fix my leaky toilet, put new linoleum in my kitchen and buy a trailer so i can enjoy my dexert property. http://www.randymcatee.com/desert2.htm
unless of course my wife prefers that i just go ahead and buy an island ;)
Lazarus
ps..if you really want someone who you can field questions to... ask chuuk on the RB board:
http://ragingbull.lycos.com/mboard/boards.cgi?board=PPMD
true ... but if i buy a stock at what i consider to be "the right price" i am generally willing to give the company time to mature and execute its plan.
not saying i dont trade the whores.
i have held AVIT a long time. glad to see it finally looking like a growth stock. wish i could have added some before this spike up.
Lazarus
they say "dont wait to buy real estate"...
but rather,
"buy real estate and wait."
same holds true for many stocks.
Lazarus
Published 2:15 a.m. PST Tuesday, January 13, 2004
Now that the United States has mad cow disease, federal regulators are reconsidering long-held policies aimed at prohibiting importation of products or ingredients with bovine tissue or blood from countries with documented cases of the illness.
The products include vaccines, nutritional supplements and cosmetics, all of which can contain ingredients derived from cows.
Dr. Murray Lumpkin, principal associate commissioner at the Food and Drug Administration, said the agency is re-evaluating its programs aimed at protecting U.S. consumers, which have included embargoes of potentially dangerous bovine products and guidelines for industry to avoid bovine ingredients from countries where bovine spongiform encepalopathy, BSE or mad cow disease, exists.
Lumpkin said in all likelihood the government will switch from an embargo system based simply on geography to one that takes into account the risk from potential sources of bovine products from those countries.
A country with stringent controls on what cattle are allowed to eat, for example, or one that has only an isolated case of BSE, would be evaluated differently than a country with lax controls or widespread disease, Lumpkin said.
The U.S. Department of Agriculture in October proposed a new rule based on the same theory. The rule would, for example, allow some imports of live cattle from Canada, which had its first case of BSE in May.
Bovine ingredients can be found in several nonmeat products. Many immunizations are grown in blood from calves. Some supplements contain bovine brain or myelin -- the sheath surrounding a cow's spinal cord.
And popular products to fight wrinkles contain proteins from the tissue of cows.
None of these has been linked to variant Creutzfeldt-Jakob disease, the human version of BSE.
The nation's first case of BSE, in a cow in Washington state in December, has sparked concern among consumer product watchdog groups.
"Nobody wants to freak people out," said Michael Hanson, senior research associate with Consumers Union and a food safety expert. "But unfortunately, the government doesn't take action unless there is some kind of outcry."
The FDA has long been aware of the potential -- however remote -- of BSE being transmitted via nonmeat products. In the early 1990s, when many immunizations were made with bovine serum imported from countries where BSE existed, the agency alerted vaccine manufacturers.
Fetal calf blood is used to create the cultures in which viruses and bacteria are grown for vaccine development.
"We said, 'Keep the vaccine because the benefit of having vaccine so far outweighed any theoretical risk,' " Lumpkin said. "On the other hand, we said, 'If you can do it from serum from a BSE-negative country, do it by all means.' "
The agency repeatedly advised vaccine makers not to use fetal calf serum from any country known to have BSE.
By the end of 2000, the U.S. government found that five vaccine companies were still using the suspect bovine ingredients in vaccines, including those against diphtheria, tetanus and polio.
Len Lavenda, a spokesman at Aventis, which makes the haemophilus influenza Type B (Hib) and polio vaccines, said it took a long time, but the company's manufacturing process now meets FDA requirements. Today, the company uses fetal calf blood from New Zealand, Australia -- and the United States.
Dean Cliver, a University of California, Davis, expert in BSE and food safety and a former member of the FDA's advisory committee on transmissible spongiform encephalopathies, noted the potential problem now facing U.S. regulators and vaccine companies.
"The FDA took the position that any foreign bovine serum was undesirable because of the risks," Cliver said. "Now that we are a BSE country, 'foreign' doesn't apply anymore."
The FDA also embargoes some dietary supplements and cosmetics containing bovine products from countries with BSE.
And the agency has asked those industries to refrain from using bovine ingredients from BSE countries in making its products.
Specifically, the FDA expressed concern about bovine brain and spinal cord, which have the highest potential to be infectious. Lower on the list were various cow glands and organs.
The FDA has limited regulatory authority over supplement manufacturing and sales. But in 2001, the National Nutritional Foods Association, a supplement trade group, asked its members not to make or sell products that contain any potentially high-risk parts of the cow. Phillip Harvey, the group's chief science officer, said all glandular manufacturers at the time assured the group that their bovine material came from the United States.
It is easy to find dietary supplements with bovine tissues. At Healthgenesis.com, for example, online shoppers can purchase 100 capsules of a product called Brain Concentrate for $12. "Each capsule contains 360 mg. of raw brain concentrate (not an extract) of bovine source," the advertisement states. "Tissues processed at low temperature to ensure rawness and preserve constituents." The ad doesn't say where the brain tissue comes from or how it enhances health.
Caroline Smith DeWaal, director of food safety for the Center for Science in the Public Interest, a national consumer group, has urged the federal government to better regulate all beef-containing products, including supplements.
"It's not enough to have a voluntary system to ensure the safety of dietary supplements," she said. "The FDA should implement a ban on neurological tissue put in dietary supplements, and if they can't do that, they should go to Congress to make that change."
The FDA's Lumpkin said because they are regulated like food, nutritional supplements will be subject to any new rules that emerge in the wake of the single case of BSE in the United States.
Lumpkin said the FDA is less concerned about the potential risk of cosmetics made with bovine substances. But in its guidelines for the industry, the agency lists potentially infectious bovine ingredients such as amniotic liquid, cerebrosides (from skin) and collagen (from connective tissue) -- all used in moisturizers.
Injectable forms of bovine collagen used to make lips pouty and facial wrinkles less apparent, are considered medical devices and are subject to FDA approval.
Dan Cohen, vice president of global government affairs for Santa Barbara-based Inamed, a leading maker of collagen injections, said he is not aware of any U.S. government standards for the products.
However, he said his company meets the stringent European requirements for collagen production, which includes a controlled source of the bovine materials.
--------------------------------------------------------------------------------
About the Writer
---------------------------
The Bee's Dorsey Griffith can be reached at (916) 321-1089 or dgriffith@sacbee.com.
the truth about this post...
last nite i was watching tv and they had a diddy on this oxygenated bottled water that is all the rage now among celebs and talking about how they have it special ordered and shipped to celebs at a cost of hundreds of dollars - just in shipping fees.
to be honest, i cant recall the name of the company but i looked it up on the internet and its in San Diego CA. and its privately held.
anyway - i got to thinking that i bot some stock sometime back in AVIT [which the last time i looked was a dog] so i looked up the ticker and saw where the price was at AND that it had volume yesterday and had moved up. then i read the SEC filings and was impressed with the sales growth so today i tried bidding for some stock but they ignored me and took her on up.
so - lest anyone thinks that perhaps i was frontrunning the stock prior to my mention of it --- i just want to clarify that i purchased 3 blocks of the stock in 2 different accounts. the last purchase - which i believe was the highest - was at .06 and was in Oct of 2001.
i didnt even have it on my watch screen...lol but then again in the account it is in i own 119 penny stocks. but i have a few other accounts and to be honest i dont know how many penny stocks i own in total.
having said that --- i dont really care if others who post on the internet are front running the stocks they mention or not. i only care whether i might make money if i buy a particular stock at a particular price.
good weekend to all,
Lazarus
and fwiw - i havent sold any yet either. if sales continue to grow and profits follow -- im looking for the stock to go into the dollars.
but wondering if end of day selling ...
and profit taking at the close might not just bring her down
we shall see
i joined you for a few...cuz
CUZ
ok
ill say it
chart looks good :)
bidding for some shares again today...
just raised my bid to .18
Lazarus
i was in LRSY -- in fact, i was looking through one of my IRA acounts and found 30k shares purchase on the cheap about 2 years prior [not sure what i paid for them but in my other account where i had shares it showed my purchase price as .03] anyway fired them all off around .50
i read their report and was actually thinking of adding at .06 earlier in the week
obviously wish i did now
damn -- my account shows i own shares of REPR purchased over a year ago at .025
go pecker pumps -- or whatever it is they make!
Lazarus
PSCO - volume
help - chart swamis - AVIT buy more or sell???
AVIT has been moving up slowly ...
i guess that oxygenated water is becoming popular
last reported quarter revenues were $974,837 compare to last year's same quarter revs of $85,931
could be a growth stock???
http://www.avaniwater.com
Lazarus
ps --- i dont advise that anyone actually look at the filings --- its a big time consumer...but here's the link in case you have the inclination:
http://www.sec.gov/Archives/edgar/data/1048701/000102022903000076/q3wfinancialsfinal.htm
PSCO ut on the bid --- phantom rise
SPND small trade - big move up on ask...
bid creeping
WGAT???
PACW still going /em
http://www.investorshub.com/boards/read_msg.asp?message_id=2172375
wankers??? on IHUB??? no wunkin furries mate.