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As per the CEO's announcements, he has no determination to do an RS at all, not only until the company is healthy. RS is still among the tools available for him just like any other public company, but there's a difference in the two meanings.
I will give him credit for his determination to not RS until the company is healthy
Do you have any proof of your claim?
CEO pumped the stock and sold on hype.
The CEO runs the company not the share price and should be evaluated accordingly. If he is doing his job right, the price will eventually follow. Also keep in mind that this low price could be the result of manipulation and not reflecting the real retail sentiment. It needs some time to settle and see where things are going.
Good luck to you and everyone. Patience is key.
In the context of an LTNC post on an LTNC board talking about LTNC news, it's safe to assume that it's implicitly about an LTNC uptick in the market. It's a matter of perception anyway, read my post again this way and it will make sense to you. But looking it from the market in general as you mentioned, now I find your reply more strange. Let's say that first part about the uptick is not clear and required clarification form the poster, but what about the Buffett part? What's the relation? cattbell1952 wanted news release to follow the market uptick not the other way around!
Of course he didn't mean an "uptick" as in "0.0001" but instead a higher price level/range, you know that well of course. But if you want to take it literally, an uptick for someone who bought at 0.0001 is 100% gain each, and for 0.001 is 10% gain each. And it's normal to have many upticks in a trading day. Just to show the significance of an "uptick".
The fact that Warren Buffett wouldn't trade such stock is actually a very good sign. Penny stock traders/investors are here for the same reasons Buffett isn't. A small undiscovered stock with high risk that is the flip side of potential huge gains. Add to the mix that the company has not matured yet which means the chance of drastic qualitative developments that could catapult the share price to unprecedented levels and provide them with huge gains with it.
I hope you and others keep posting such posts because they give people here the chance to show and reiterate the huge opportunity that lies ahead in this stock when we reply to them.
News should be announced when available. However, looking at it from a timing perspective, this might be the best time for big new to get rid of the dead weight that's driving the PPS down and give it the boost it needs to get out of the trips and let it play on a totally new level, attracting a new type of investors who wouldn't touch it at the current price and keep moving the PPS up from then on.
No I will not post ANYTHING. The circulating information you and otheres know coming from different sources including the CEO himself - who is credible enough for me and many others - say so. If you have ANYTHING that proves otherwise then you post it. Until then, I'll take his word over yours.
As you already know very well, this is nonsense because of the agreement held with the note holders out of which some notes have already been eliminated while the remaining are in process as per the agreement schedule. Keep posting this nonsense so others who know the truth find a chance to remind shareholders and interested traders of the great actions taken by the CEO to turn this company around by replying to your posts.
A startup is not measured by years but by a goal. You can find more information here: https://www.quora.com/How-long-is-a-company-considered-a-startup-Is-it-the-time-revenues-or-size
Cutting branches or adding more is not good or bad in itself. The company is not there to open branches. It has a mission to do and targets to meet including profitability. Companies take corrective actions if they don’t meet their targets to optimize themselves and better meet their goals like cutting unprofitable branches (the 80/20 rule), happens all the time in the business world and are seen as a good thing as a company aligns itself in attempts to better meet its target and not sitting helpless.
Many stocks in sub-penny land are nothing but shells with no operations and no revenue and no real company, and sometimes even no office or phone, established to scam traders and keep selling shares through dubious actions while their management gain only and are not exposed to any loss.
With Labor Smart, the fact that there’s a real company with genuine business, that has a proven system to actually generate revenue (whether with net profit or loss), and that revenue is not trivial but in the many millions, and it could manage to increase its revenue before as seen in this PR "Labor SMART, Inc. Reports Full Year 2014 Revenue Growth of 45 Percent" (January 7, 2015) and probably could do it again, and that it could achieve profitability with optimization and corrective actions that the company is taking now like cutting branches and smartly avoiding dumping shares through convertible notes while many other companies stood paralyzed in the same situation and lost the battle along with shareholders money, and that the company owner is deeply invested in the company on a personal level by owning a huge number of shares (his wife has some too) and he is in not only in the same boat with shareholders but also will be exposed to a much bigger loss resulting of any bad action and also much bigger gain of winning so he must be keen on making it happen, and that good and smart business decisions have been taken for a while now followed by actual fulfillment, all that puts Labor Smart in a league of its own.
You might have some factual points but not all of them are necessarily negative and I believe most of the negative ones - if any - are irrelevant to the "new" Labor Smart. However, they are better be addressed by the CEO to close them once and for all.
I don't know what happened exactly but seems that at a certain point, the company switched direction to something much better and have done a lot that makes old negatives irrelevant now. Interested traders and shareholders can choose either to ignore all the new positives and keep dwelling in the past, or observe it and acknowledge the huge potential.
It depends on how much float will be available by then and how much is available for shorting. I think he's aware of that. He mentioned in the CC that he has a couple of tricks to combat shorting.
I don't think staffing worksites in 7 cities qualifies for a "standard contract". And that customer is "unspecified" only to the public which is pretty normal during this phase of the deal. Such news is received by competitors too, not only investors. Actually keeping investors on top of things is a very good thing but most importantly is materializing into actual business deals and not turning into hot air balloons. We'll see.
There were mentions that Ryan bought a McLaren car. Anyone has a reference confirming that? Not that it's a bad thing because if he's so confident as to buy such an expensive car and brag about while also still buying shares at large quantities at the same time then it could be a very good sign, but I want to know if there's truth to that news to fit it into the big picture.
And he bought some for his wife again.
Anyone noticed that Ryan bought for his wife too?
Not much though, 50,000 each time. Notice "By Spouse" as "Indirect Beneficial Ownership" in Table I, column 7 in FORM 4 here:
- 11/20/2015: http://ih.advfn.com/p.php?pid=nmona&article=69475961
- 11/27/2015: http://ih.advfn.com/p.php?pid=nmona&article=69545543
- 12/2/2015: http://ih.advfn.com/p.php?pid=nmona&article=69595609
It's hard to imagine that what's been going in the past 3 days is dilution, here are my reasons:
- The total Volume of November 2, 3, and 4 is 214,025,600 + 65,339,700 + 329,528,333 = 608,893,633 shared traded. Yet the price held strong at 0.0003 and didn't drop.
- The trades suggest strong buying. For example, on November 4, the buy volume is 314,528,333 and sell volume is 15,000,000. That is 95.45% buys to 4.55% sells. This suggests a willingness to acquire the stock (hence buying at the ask) rather than dumping or getting rid of it (hence selling at the bid). If what's been going on is dumping, the 608,893,633 volume most probably would be enough to break the strong support ranging between 300m+ and 500m+ shares in the bast 3 days and bring the price to 0.0001. Yet, the price held strong at 0.0003. NOTICE: Few trades went at 0.00027 and 0.000297 and considered as 0.0003.
- Despite the traded shares, the support not only held strong but was actually increasing.
- The chart looks good in my opinion.
This is not a confirmation or assurance of anything but just trying to read through the trading pattern of the past couple of days. In my opinion, the situation of this stock is good so far.
However, on the other side, this total volume could easily push the price higher than 0.001 which did not happen (so far), and the 10,000 ask volumes of BMAK and VFIN that keep selling are suspicious and strange enough to suggest that something is happening behind the scenes that they don't want exposed to retail traders. Probably someone or entity wants to accumulate big shares and realized they can not get them at the bid because of the big support but at the same time do not want to push the price high.
Again, this is not a confirmation of anything, just thinking.
Yes authorized shares are not issued and outstanding but they could be issued. Unless the shareholders worries are eased by solid information from the company backed by verifiable actions, they have the right to panic. But as you mentioned, this is all a normal part of the high risk (and hopefully high return) stock this one is.
Another interesting information is form the document Proxy Statement - Other Information (preliminary) (pre 14c) below:
On October 26, 2015, John Cecil and Lloyd Chiotti who beneficially owned 7,724,159,747, or approximately 72.10% of the combined voting power of the common stock and Series A preferred stock consented in writing to amend our articles of incorporation and increase the authorized shares of common stock from 5,000,000,000 shares to 15,000,000,000 shares with a par value of $0.00001 per share.
AdamS007, you mentioned that buyback is in progress. Based on what you stated that? The following is quoted from the PR you referred to:
The Company's newly launched apple juice, together with its water product, have the cash generation capabilities and substantial growth prospects to allow for a stock buy-back program.
the were shipping the water in November, so reviews on Amazon ARE Legit....
In fact, "Another Company" has absolutely everything to do with Pleasant Kids. Business here and business there, management here and management there, humans with motivations, same stock market with same rules and regulations, products, stock traders, announced buyback program, a promise of no RS during a certain period that was "clearly stated" in a PR and traders believed it and bought, everything seems to be going great with the company while the PPS keeps dropping illogically while posters are cheerleading for it on the board and calling for other traders to buy more. Even the CEOs of both companies have shady histories. What's different? the company name and product type? I feel like I'm watching a remake of the same silly movie.
It's interesting that you referred to their promise that there will be no RS as a fact. An actual fact is that "fact" and "will" can not go together. There are absolutely no facts or guarantees for anything in the future. So no RS is just a promise that they are not obliged to fulfill and could do the RS at any time and get away with it. Happened before and could happen again.
The last time I read such thing was from another company whose management turned out to be liars. They did an RS despite what they "clearly stated" in a PR and shareholders lost most of their money. I can mention the stock name if allowed.
Moral of the story is: Do not believe such promises, they mean nothing.
What means everything is the PPS.
A buyback would increase the demand pushing the price higher or at least increase the trading volume but volume has been relatively low for many days, price has not increased, and just a while ago there was some increase in the volume with dropping price.
Such assumptions would be acceptable with a normal trading stock going up and down but at this point there seems to be a "will" acting against this stock going above this limit. The problem is that this, along other symptoms already taking place right now, usually end up with a disastrous situation to the stock and traders losing their money. It's not only the trading pattern is suspicious but also the strange silence of the CEO who has not addressed this issue.
profithigh, please refer to my earlier post #77343.
This does not make any sense. First, how did you "know" this? Do you have a reference? And I'm not talking about another poster suggesting or implying something.
Second, do you expect us to believe these tens or hundreds of millions of shares killing this stock are coming from "one" trader?
Third, a greedy person would not sell his shares cheap and kill the price every time the stock is about to run which could make him a higher profit. And in such case, that assumed one trader with hundreds of millions of shares would gain or misse tens of thousands of dollars with each tick up or down. So why would he decide to miss out. Unless of course he doesn't care about money.
Fourth, assuming that such trader exists and really does not care about money, why doesn't he just dump the whole thing at market price and gets rid of it all?
Again as I mentioned earlier, this trading patterns is suspicious and I've seen it so many times that it has become like clockwork.
It could be dilution, manipulation, or shareholders losing hope. No matter what the reason is, it's the same crappy pattern repeating like clockwork. A stock with everything seeming in its favor and many posters cheerleading for it nonstop, posting and reposting bits of old PRs and mixed up with a lot of baseless expectations in the form of assured facts and warning everyone of missing the train, and with every new great PR, the PPS in fact goes down against every common sense instead of tripling or quadrupling, and yet the one and only important thing never happens. That is, a high stock price. One of the stories was very similar, the CEO promised no RS during the year and announced a buyback program then the damn liar diluted it to no bid then reverse split it breaking both his premises and evaporating shareholders' money in the process.
I gave this stock every possible chance to reflect the last seemingly great news; after the Christmas, after end of year selling, after the first weekend of the year, and still every time the price trice to push up, shares come on the ask out of the blue to hammer it down.
If it smells wrong and unreasonable, it probably is. If the CEO really cares about his business, he should put as much attention and effort in investigating the trading pattern and addressing that issue to the shareholders besides bottling water.
I'm not saying this stock will surely follow suit, it could be the 1 of 10 stock that breaks the pattern and does great, but until I see this fishy trading pattern fixed to reflect what looks like great developments and outlook, I shall keep listing it under the scam / manipulation / down the drain department.
I think the same about announcing the buyback start. Not a smart move to announce when they start it because the price would of course go up for known reasons and they would end up paying double or triple the cost for the same shares. It's better for them to announce it when it's over and they've got all the shares they want.
However, when the demand is high the price should go high with it which is not happening.
My guess is that buyback has been taking place for the past couple of days. The big buy blocks do not seem like normal retail buys. There were once a single 89 million block and another of 40 million blocks, not to mention consecutive buy of 9m blocks or higher. Such a buyer would definitely like to hold the price down until he's done buying but the question now is how the price is being held down despite all those buys?
integral, I ruled out that assumption in my post.
LaorgeMONEY, still the question holds. Huge trading volume, assumed buyback, supposedly no dilution, supposedly no shorting, yet price doesn't go higher with endless supply at ask. Does this seem right?
My understanding is that buyback - or any buy - at such volume, should send the price up. I don't think anyone can hold the price at 3 billion shares traded or would short a stock that's supposed to explode. Huge buys went at the ask yet the ask side went from zero to 120 million shares at 0.0004 instead of consuming the 05s. This does not seem right to me. Wasn't all that supposed to push it above 0.001 by now?
Anybody following this knows what's going on? Nearly 3 billion shared traded in less than 3 days and it's stand still while it should've been very high or at no bid.
That robot was not meant to get on the bus or make surgeries. The photos and videos indicate that it was supposed to be a "remote presence" medical robot used for tele-interaction between physicians and their patients for diagnosis. It seems that was an early prototype still missing a good looking shell and movement cabability, unless it was meant to be moved by hand.
The forecasted telehealth market is huge as per this article:
http://www.silverplanet.com/health/caregiving/telehealth-market-or-feature/58133#.UUi-RFdbYqN
Refer to the following links for a similar product and more information:
Remotely moving product: http://www.intouchhealth.com/products-and-services/products/rp-7i-robot/
Manually moveable: http://www.intouchhealth.com/products-and-services/products/rp-lite/
Portable: http://www.intouchhealth.com/products-and-services/products/rp-xpress/
Video:
The chill can justify the recent drop only form 0.0004 to 0.0001 but before the chill was announced there was no valid reason to go that down. It seems to me a result of manipulation that maybe has ended.
Maybe it wasn't supposed to go down at the first place and now getting back to normal.
Sticking around is probably the best thing right now if you bought shares at high prices. No much room down and what could be lost is not much comparing to the current unrealized loss. You could end up with nothing at all though. Let's see if it will get out of this sinkhole.
I believe it's not a P&D scam but more of a company management who see their stock abused and manipulated and turn a blind eye. All what they addressed the issue by so far was "hopefully our hard work and efforts will reflect in the EVDR share price". They are "hopeful" instead of taking actions or informing their shareholders that the issue is under investigation. Well let them keep hoping while the real actions are taking the price down to no bid.
I'm glad you are optimistic at last. Others see it much worse than dirt.
Look on the other side Kmacneill, it's always greener.
What I see is this is what manipulation is saying not the market. Don't worry, I don't have a bubble to burst. I see two possible scenarios, either manipulation ends and the stocks trades freely, most probably up. Or manipulation kills it. No problem with both. You enter any investment with no guarantees. Still the first scenario is possible and then it will be worth the wait.