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Nice bid support.. at the moment !!
if it stays in the current uptrend channel.. should see .015 fairly soon.. imho.
Same here picked up a few 54's lookes like bounce time to me.. but what do I know.. LOL..
They had almost 8 mil shares between the 2 conversions they did against the note.. Average volume looks to be about 5 mil or less. so.. idk. if they tried to dump those on a normal day.. I think it would trash the price pretty bad...
Its probably not the company.. its Asher the note holder.. Just guessing but if you had to sell a buch of stock ...how best to do it.. Hire a promo compnay and get them to generate interst so you can dump your stock and not tank the price.. imho..
THere is mention of one in July as well in the last 10Q but no specific date given.. so that woudl come due in January correct ?
So I think there is 2.. assuming they havnt taken on any more notes..
You are correct.. I missed the July one...
Wow those terms are insane.. I'll loan them the money for only 40% LOL. even 30%.. GYST>. call me !! lol..
Dont seem to be much risk in that loan to be getting a 55% discount on share price.. easy money for Asher.. Seems like they could start demanding some better terms..
From the last 10Q.. they have one more that will come due in about 2 months. for about 32K if I recall.. There could be more? but we wont know until the new 10Q comes out..
They have been converting different notes now for well over 5 months. And we're not at trip 0's. so why would this time be any different. Agree it's not the best way to get funds. But if you believe the company And in my opinion no reason not to as the have been very transparent. Then there using the funds to move forward and eventually won't need to mess with Asher. We shall see in the next 10q. If there are any more notes to worry about.
how do you figure that? Look back at the 8k's they have converted everying up to this point.. This current conversion is from april 26th and 2/3's done.. ( look at the last 2 8 K's next conversion is not available to them for 2 months..
(From last 10Q )
Note: this is the one they are currently converting..
On April 26, 2012 the Company received a note in the amount of $47,500 from Asher Enterprises, Inc. The note bears a simple interest of 8% per annum from the date hereof (the “Issue Date”) until it becomes due and payable, whether at maturity date on January 30, 2013. The note is convertible into shares of Class A Common Stock, $0.0001 par value per share. As of June 30, 2012, the Company accrued $885 interest on the unsecured convertible loan.
This would be the next one they could convert. 6 months from date of issue..
On June 21, 2012 the Company received a note in the amount of $32,500 from Asher Enterprises, Inc. The note bears a simple interest of 8% per annum from the date hereof (the “Issue Date”) until it becomes due and payable, whether at maturity date on March 25, 2013. The note is convertible into shares of Class A Common Stock, $0.0001 par value per share. As of June 30, 2012, the Company accrued $85 interest on the unsecured convertible loan.
So after there done with this one.. we got at least 2 months before they can convert again.. lots can happen in 2 months.
THat was weird... I put in a order when it was .0052 X .0055 at .0053... they filled it at .0052
11/08/12 09:00:01 0.0052 0.0052 0.0055 81300
LOL. ok.. hasn't been at .005 in over month.. but if it goes there.. will buy more.. as for quick buck folks.. well.. what if it did run up 50% today.. what about the people that buy it at the top..and all the quick buck people dump.. guess what.. it goes back down..so they lose.. bottom line.. dillution for positive use and investment into a company is the reason they go public.. all companies do it It is expected..If they are dilluting, when there done.. price will move up.. Sorry you didnt get your quick flip today.. GLTY
Selling stock for the purpose of purchasing equipment and investing in the company is not bad.. That is the whole point companies go public. Apperently they are investing the money into the mining operation.
Dillution for no apperent reason and drive a stock price down to nothing is a differnt story.. but that is not the story here. they are obviously using it to benifit the company and move it forward.. so who cares..
WEre Green !!! LOL.. wtf.
KLDO Axe VNDM is gone.. looks like selling done.. grab some quick imo.. going back to .002's in a hurry
KLDOWack fest.. lol.. grabbed some .001's
Every time some one puts up a bit of .001.. it gets wacked.. lol.. some one wants out.. i guess.
WHO'S wacking this.. grabbed some .001's..
?? 28 mil buy at .0006 on my time and sales..
09/28/12 15:02:20 0.0006 0.0005 0.0006 28728100
Pffttt.. what was that.. 1800 at .0005 LOL.. well. that puts us at the rising trend line.. so.. maybe time for the bounce to start !!
Yes.. took a bit to fill..
09/28/12 10:15:59 0.0006 0.0005 0.0006 574800
Added some today as well.. looks like bottom.. if chart pattern holds that is..
Psionic Trader's group
Nice bid support now..!! 4 mil at .0007 X 2 mil at .0008 opps make that 1.6 mil at .0008 LOL
Ya.. looks like it... YAY somebody just helped the cause. couple more and 8's are gone..
slow day today.. everywhere.. oh well.
Ya.. but figured I help the cause a bit.
Hit some 8's.. trying to start a buying frenzy... hmmm.. doesnt seem to be workin.. LOL..
Hopefully does what it did last run !! up..slight pull back .. then take off !! Thats my bet anyway..
GLTY
Welcome to the game.
Good luck to ya..
I think this is a good stock to be in.
short and longer term..
Short term we have lots of ups and down to play with.. Longer term we have a overall up trend.
a bit of advice.. Sell some on the way up.. Temptation is to hold for the big score, but you can do even better selling some on the runs and then having some cash to buy back even more on the pull backs .. No stocks run straight up. Obviously look at the chart for this one.
Penny stocks have huge swings.. thats what makes them so fun..!! But you got to pull the sell trigger when your up.. or.. you may find your self down just as fast.!! I would rather miss part of a run and have cash in my account to trade another day, then hold for more and get wiped out !!.. and trust me.. it happens all the time down here. Its the wild west so to speak.
anyway.. learn all you can.. follow the top traders and learn from them.
I would say Quick easy money... If they put shares out for sale.. then they have to wait for people to buy them. I dont think most companies would do it that way anyway.. they sell large blocks to privite investors.. then those guys sell it off to us little people. ON the big boards.. you have institutional investors willing to buy and hold shares, and periodically sell some. In penny land.. you have loan sharks.. Like Asher.. no institutional investors down here.. LOL..
GYST Goin GREEN !!! seller is done..
http://ih.advfn.com/p.php?pid=nmona&article=54247294
cool.. will watch for it as well !!
GYST about to go green me thinks !!
Well.. it would have to be from a previous conversion that they had not sold and were still holding on to.. as the last three conversions from last week have been accounted for in the last 3 days, and they didnt hold on to these at all. all were sold exactly 5 business days after the conversion date..
GYST 8k out .. Looks like Asher has sold the last of his converted shares from last week.. Cant convert now until end of October... Time to move it up !!
http://ih.advfn.com/p.php?pid=nmona&article=54247294
GYST Seller ( Asher) is done and out of shares. Cant convert any more until end of OCT.. Time to move this puppy..!!
http://ih.advfn.com/p.php?pid=nmona&article=54247294