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jonnyk64dplt... I don't have PM's. Thanks for the info.
I've had a "day only" order for 20 mil. since this morning. Didn't get a single share.
Well, I'm afraid I have bad news for everyone... I bought more today ;)
You're wrong... it's because I own this stock, lol
I'm guessing there are many pink sheet traders, maybe even a majority, that wouldn't be able to look at the Q report and understand why this company is now profitable. That's fine. Most people can however read a chart and see that PIHN is not "in play" at the moment. That's why there is no buying pressure here. I think it's as simple as that. And this is why I was so disappointed in the PR yesterday. It would have been easy, for example, to make clear that they are generating over $100K/mo. in net profits. Highlight the positives, that's what PR's are for! Instead they reiterated the fact that they lost $27K.
I have been so baffeled by the price action of this stock that I called Chuck and asked him directly, "If Staff IS was acquired on October 1st instead of November 1st, the latest quarterly report would have shown a net profit, right?" He answered, "Yes". I also asked what the company intends to do with the $337,000 worth of cash on the books, and with the new net profits. He was very clear that company growth is THE focus of management, with acquisitions and even share buybacks as possibilities.
I would have liked yesterday's PR to have done a better job of making it clear to investors that this company is now generating net profits of over $100,000 every month.
Revenues of $722,254 for two months plus one more month's rev's = $1,083,381 worth of rev's for the quarter. Subtract $750,153 worth of expenses for the quarter and you get a net profit of $333,228.
Multiply by 4 quarters and you get $1,332912 net profit for the year. Divide by approx. 3.8 bil. outstanding shares and you get .00035.
.00035 X P/E of 10 = share price of .0035
.00035 X P/E of 15 = share price of .0053
.00035 X P/E of 20 = share price of .0070
Throw in an acquisition and it seems like a penny is a real possibility.
Someone asked who could be holding shares from the tripps that didn't sell into the last run. The answer is ME. That was a mistake, no doubt about it. I guess it sucks to be a "big picture" guy.
DROOY, PALM
That was me. Added 5 mil. more today. I must be crazy. ;)
BHRT, not a screamer but the chart looks pretty...
http://stockcharts.com/h-sc/ui?s=BHRT&p=D&b=5&g=0&id=p64254863142
SkyLabGlobal again...
$PIHN the buying pressure is building by the minute this morning, these prices won't last long $PIHN is "Tick, Tock" before exploding higher
Smack that asssk!
Thanks Trader! Good to know.
The share structure is in the ibox and is current...
Outstanding Shares
3,448,040,336
Restricted Shares
1,635,600,000
Float
1,812,440,366
One close above, one close right at .0018. Seems like a lot of blue sky above us at this point... where's Clay these days?
Agree... the ceiling on this stock does not start with "double-oh-one".
I believe that report was written before the 20:1 forward split. I think PIHN was trading around .02 at the time. 28 cents would be today's equivalent of around .014 I believe. However, there are more shares outstanding now as well, so I don't think that report is very relavent to what's happening with the company these days.
Wonder if Clay will do a "close above .0018" chart for us?
BHRT chart looking good. Recent news:
http://southflorida.bizjournals.com/southflorida/stories/2010/03/15/daily37.html?ana=yfcpc
The trend of no more than 2 closing down days in a row remains in tact. Up 50% for the week on higher volume than last week. Chart looks absolutely amazing heading into next week.
I like what the chart is doing here. Took a little nibble yesterday. A break of that 50 day MA would send us to .002 in a hurry, IMO.
Yeah, it seems like people are itching to pull the trigger on the sell here just when things are starting to simmer. Pinkies go up, pinkies go down, right? I mean I guess most of those that are still in this can lock in approx. a 4x gain and really, who could blame them? I certainly don't. Heck, I am one of them. But if earnings are what they are expected to be, it is sort of counterintuitive to sell simply because you have a gain of "X" amount. Mathematics are on our side here and I believe something like 004-005 may prove to be a reasonably fair value for this company even if ZERO new developments take place (assuming no new shares hit the market). I don't know, it's a difficult decision but I for one am going to continue to hold until the mathematical inequities even out. G/L to everyone here, regardless of their own personal decisions!
Hmmm, yeah, it's weird. His name isn't searchable but he was here at least until three days ago...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47789125
Oh well, I'm too excited to think too much about ICON, lol Congrats, Sully!
If you miss ICON you can click the "banned" link on this board to see his name. I believe he wanted 0018 for his shares. Looks like he may be out of here soon.
Agree, flat out lie after lie. Anyone familiar with ihub should be familiar with this particular alias and their method of operation though.
the long term direction this stock is headed is still up in the air
Yeah, WAY up into the air. =)
Yeahhhhh baby!!!!! I would have never guessed my PIHN would outdo my VIPR today =)
Yeah, and with news coming 0018 might not be a very big speed bump!
PIHN listed as "on watch" at Dr. Pennystock
http://www.drpennystock.com/penny-stocks/penny-stock-list-478/
Hey oneinamillion, is that MY chart in the ibox? lol BTW, great job as the new mod here.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47097214
got 50k, lol
i don't do AON's. still not going ...
what is the bid/ask here? my order at 8 is not going through
I agree. This is a pretty chart. 50 day MA turned upward, headed for golden cross. 2's up soon.
Can someone tell me what the bid/ask is and what L2 looks like right now? Ameritrade has it all wrong last few days. Thanks!
Took a .0018 starter here today. Nice looking close. G/L everyone!
I know, I saw a few big names here =)
Dr. Jekyll will be back once people start taking profits.
This is jaw dropping. I never would have guessed 350 mil. shares traded would take us up and OVER the 200 day MA! The float IS tight here.