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I apologize for my comments yesterday. Frustration got the better of me. Took my medicine and my loss. I will likely snag some trips if it continues to fall, but it would be for flipping purposes only.
For the sake of the rest of you longs that are seeing this one through, I hope that I am kicking myself for selling next week! My anger at ABCO IR shouldn't be used to hurt you great people. GLTYA!
Yup, one of the mods, please put an obnoxiously large warning in the intro. Don't let others get screwed like we did. Also, if it destroys the stock/company, I will still take a small bit of satisfaction from that.
GLTA on your next plays. I apologize for anyone else that got burned here, especially if you bought based on the info I received and passed along from IR.
Going to go ahead and disagree with you here. You cannot fault shareholders for heading to the exit once the R/S was proposed. This PR today has clearly been ready for release for a while now. What was the purpose of holding it off until this week?
This is 100% on the company, I do not blame people for taking losses after this shitshow of a past weekend.
I spoke with David yesterday and he was confident the PR today would improve sentiment. Clearly, he was greatly mistaken. Theres just no benefit to continue holding that I can see. Nothing IR tells me will ever make me believe differently as they clearly cannot be trusted.
My experience, and the traders I follow, indicate that there will likely be zero buying pressure regardless. The emails I exchanged with David regarding the PR released today (been discussing this with him for months) had people looking. When the Pre 14C was released, they all wrote it off as a dead ticker.
I will be unloading the last remaining lot of my shares today. Good luck to anyone brave enough to see this through, I hope it works out extremely well for you. Eating my 50% loss still tastes better than getting zeroed if/when this hits no bid.
They never said that an RS was off the table. They said it was the last option to reach QB status. The problem with this, is they didn't even attempt to get to QB status prior to making the announcement via Pre 14C.
I doubt anyone would benefit from such action you are suggesting, except for revenge. I understand how you feel about the idea, all too well, but I don't think it would accomplish any outcome that isn't already a certainty. I suggest getting some popcorn and watch this die.
the RS wont even get them to QB status most likely the way things are going. ABCE's artery has been cut and is bleeding out in the gutter.
Send your frustrations to IR man. Who cares if we overload their inbox. They need to know how majorly they fucked up and that this will likely cost them their company. S1 financing wont go through if they can't get QB status.
Its the PRE 14C man. Their dumbass decision to release that prior to this news is exactly why we are looking at trips today rather than copper.
With it lingering, we won't even see teens again. Even if they rescind it, which I doubt they can as its likely a requirement for funding, no one is going to trust any bullshit they claim anymore.
Its our fault, we listened to the feel good story IR was feeding us. Lying share selling scumbags.
Same here many. This was a substantial hit. Sending an extremely angry email to David is the only way I couped today. Suggest anyone else that got raped do the same. Let them know how much they screwed up.
Everything you're saying is correct, but absolutely NO ONE trading the otc will buy with an R/S pending. As evidence by the huge dump today after news release. If you are still holding, like me, we are totally screwed.
Plain and simple, we got shafted by an incompetent management team and IR. They just signed the death certificate for the company with this bullshit.
I let them know in no shortage of words they fucked up majorly. I dont think they give a shit to be honest.
Depends how the market reacts. R/S weighing heavy
IR stated one was going to be released today. We will see if they follow through on it.
The $5M is dependent upon the R/S based on my interpretation. Meaning the finacer requested it and the $5M would be exchanged at the post split price.
If that was the goal, then I will say that are extremely idiotic. Tanking the SP only allows for people to accumulate more shares. That would be counter productive also.
Thats exactly my point. S.T. is completely correct, but no one wants to touch an R/S. Hence why they needed to, and still need to publicly, clarify this Pre14C. David thinks the PR cleared it up, but it was acrually counterproductive.
Whomever is trying to get out, your not going to do that by loading 7M on the ask. Spread it out.
Yes they should have. I strongly urged David as much over the weekend.
Again, I don't disagree with anything you are stating, but why the hell didn't they state any of this publicly? That shows a lack of understanding of the OTC market, as well as a lack of concern for longs who have single handedly kept this ticker afloat. Just seems very idiotic IMO and what has me the most frustrated.
They arent stupid, but they definitely didnt learn from last R/S and from loud concerns from long term investors. If an R/S is only in pre14C if A/S isnt approved, why not state that publicly???? Especially when any idiot om the otc will tell you that an R/S announcement will lead to a huge sell off.
Im sorry friend, but that just speaks to their incompetence. If it was one or the other, why not indicate that in the PR or Pre14C? Especially when many longs warned them that a massive sell off was imminent without clarification.
Thanks for opening the spot! Like we have been saying, there is a purpose to all of these actions that is not necessary just an F You to shareholders. Going to see what tomorrow brings, hoping for the best, but preparing for the worst.
GLTY bud, it was fun having you here while the good times lasted!
There is not a merger coming though. We will get announcement of a small acquisition and the opening of the two offices. Thats all we have to expect this week that could stop the bleeding. Unless theres a buyout, but that wouldn't see counter intuitive with the proposed A/S increase.
Even if we do, what are we expecting? Is a small acquisition and opening of two new offices really going to move us with an R/S pending?
Not being rhetorical, curious to read everyones thoughts. Regardless though, nothing will be coming today, so we will most likely continue to bleed.
Hasn't even been accepted yet.
Its funny people are taking a proposal as already happened. Starting to think that release friday may be a death blow to company though. IR lying in their email response had me close to dumping out this am. Holding for now, but very unhappy. Will be giving David an earfull this afternoon.
The email from IR indicated more information would be included in the PR. Holding up well, agreed, but I'm losing faith in IR at the moment.
The bleeding just doesn't stop. jesus.
Mods - Someone want to sticky the PR?
Nothing approved yet. If it occurs it will be to uplist to QB
I noticed the PR left out the acquisition mentioned in the IR email. Thats very discouraging.
Panic selling after they submitted proposal friday afterhours.
Wow gap down
Reposting for visibility. Email response from IR received on Saturday morning, expecting a PR out today explaining all the big things happening. Always do your own DD, but IMO, don't trust anonymous bashers.
The A/S increase and R/S are just proposals, nothing is set. Also, if these are moves to allow for an acquisition/expansion, I don't see how this would be a detrimental move for the company. News should be out today, hoping premarket so we don't get people panic selling after reading comments like yours. Theres a reason for the move, and we should know very quickly what that would be.
Hey I am just sharing the response I recieved from IR. Dont shoot the messanger.
RS is being proposed for the purpose of uplisting, new financing, and to not further bloat SS in the event of an acquisition. Always love seeing new people come in as white knights to "save" us longs. Company will explain tuesday, why this proposal was submitted.
Always do your own DD and dont be swayed by ihub posters. Im seeing thids through, and am actually excited about Tuesday. Weve been waiting on this acquisition and expansion announcement for a while now.