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Because this company is the manufacturer, and they are selling their proprietary products over the internet, directly, and through multiple distributors (the last 6 months), and have patents pending on the formula, and many of us here use the products, I think this will turn around and re-bloom. It is not as dark as you make it sound, as the product is available on line and the CEO does answer the phone.....and the Mastic Blast product has just been introduced in the UK just ahead of the Olympics.
Volume still increasing, and buy at the ask today put us up 600% from the 30 day low!!!!!
Can you say GOING UP????
See anything new in it?
History? name change? Why? Why issue stock or do a R/S? Are we talking the same stock here?
Bid has collapsed here today! I am back in at the bid!!!! Bid is equal to one quarters earnings today, what a steal!!!
$2.45/share, and .25 was the 4 year, and 52 week low IIRC, or nearly that, so $1.75 to $2.00 maybe the low this year to buy and add, if it pulls back any farther, but .30 and .34-.35 may be the bottom.
I think .65 is still a good value, which is about $5/share after the R/S. I suspect they will let it run to $5 or higher this year, then short it and sell.
Heard behavior at its finest, going down. Buying opportunity is the next stop. Usually the volume dries up after a R/S, so it may be easiest to buy cheap at the bid as this panic peaks?
Will be interesting to see if the volume dries up completely, or not after the R/S.
I think sleeping beauty here, IFUS, has risen from her deep slumber!!!
More volume and rising price all at the ask!
LOL, I have been watching this one for a long time, several years. Have not bought yet, but watching!
Or a GREEN stock!!!! LOL
Welcome to the board here, and thanks for joining us. Did you learn anything interesting?
Have any questions?
I am looking for a run to $5 - $6 after the R/S, which is where the last investors bought all the new shares.
"Desperate? ECOMIKE, you are kind. "
I try! LOL
Actually Byron is great at the PR game, he mastered it at AOL years ago. Problem is he has had no REAL progress to pump for 3 years, and has missed (failed to reach) every target or goal he pumped in the past, so now he just releases fluffy stuff with no hard targets IMHO.
I was wondering the same thing. That was no nibble either.
Share Structure
Market Value1 $743,919
a/o May 14, 2012 Shares Outstanding 265,685,381
a/o May 08, 2012 Float 105,485,212
a/o May 08, 2012 Authorized Shares 350,000,000
Shareholders of Record 572 a/o May 08, 2012
LOL, the old posters are so old, I mistook them for new, LOL!
Newbies? I smell a promo coming?
http://news.ino.com/headlines/?newsid=68985797308300
FWIW, This friday is options expiration week, which is usually volatile, oil price is crashing, and with the Morgan Stanley-Chase multibillion dollar loss announced Friday and Greece failure to form a government have the traders selling and shorting nearly everything.
This last PR sounds almost desperate.
http://ih.advfn.com/p.php?pid=nmona&article=52392245&symbol=CABN
Sounds like a bad idea to me.
LOL!!! Ya Think?????
LOL.....
Somebody shelled out some serious cash to buy 3.5 million in one day at the ask!!!! Close to $10,000, which is not chump change. I don't recall ever seeing that happen before.
Where did our hoard of weekend poster warriors go to?
LOL
All we need is 12 more posts to hit 10,000!!
LOL
Lets get the crowd back here people, post away!!!! And Go EGOH!!
And go Wilmont!! (as in please resign, and turn this beast over to real oil people!!!)
Looks to me like we bottomed Friday on the chart, and the next move is back up, except maybe this time, we won't get 100 million new shares dumped on us?
Time to rally EGOH!!!
I was surprised that CBAK held up so well after the recent price crash on the latest very poor earnings report, which was right after a 100% rally to regain Nasdaq listing. Maybe some see a silver lining in that report? I have not had time to read it all. Did I miss something in it, or did bargain shoppers that bought recently at over $1 step in and average down?
I was very disappointed in the size of the last loss reported, much larger than prior losses, seeming to get worse, not better all of a sudden? Starting to have long term doubts about this outfit. Been holding and adding based on book value at about $2, and belief they could turn it around, for about 30 months here.
Looks like we may already be in rally mode in expectations of the next earnings report?
200% rally with some volume from no where is always welcome, especially on a down market day! :) Let's see if Monday is a repeat!!!!
:)
Just looked at the chart, and it says the 52 week high is over $84/share!!!! This looks like a no sellers bottom to me!!! Even the MM's are not marking the tape here!
LOL, it is time for Mastic Blast IFUS to release the Kraken!!! LOL
Golden cross on the chart, accumulation, MACD ..... all says this is about explode with a rally (ignoring the R/S plans).
I had some MHAN shares I bought .09 at one time, but I have been buying the bottoms since early 2009, and selling some at the tops into 2011. I need $22/share on the new symbol TGTXD (was MHAN) just to break even on my current longs, and I doubt any one is in much cheaper that $22/share except the new CEO himself, and he does not seem to selling, no one seems to be selling.
Big investors already took interest in Mantra Energy subsidiary, with a $3.2 million dollar investment. With that vote of confidence, it is only a matter of time now before this turns into an easy 10 bager from these prices.
Seasonal usage. Expected.
Really? Source???
I thought it was because he started taking viagra, and then got the bright idea to dump xxxxx shares.
This one has only taken 7 years, so what are a few more days! Time to slap the ask folks!!! Time for a stealth rally into the close!
Typo correction:
This a classier version, but alas the EGOH CEO has NO class :(
This a classier version, but alas the EGOH CEO has class :(
They bought earlier this week too, in volume!!!
I don't think the R/S will have much negative effect. They have .26/share in cash and liquid securities (like Treasuries), and the cash burn rate is low enough that they have 2 years of cash on hand. Also the market cap is 50% of what it was last year, when they needed cash and sold about 50 million shares for about .65 share (IIRC?). Those new stock holders have been underwater since then. Also the institutional buyers have been buying at the lows for about 7 months now!!! I have been waiting for the R/S to buy more shares, but now I am wishing I added when it was just under 30 cents 5 months ago.
FWIW, this stock has never followed typical rules, so why should it now, LOL!
But if Greece blows during a CYTR R/S, be sure to have dry powder ready.
Many years, many moons ago, LOL!
One other thought, EGOH IS a R/M candidate, and offers were made for a R/M this year, but Wilmont keeps turning down great offers, and word now is that no one will even make an offer now. Both offers I heard of, if accepted would have made the longs very rich, but Wilmont keeps asking for more than any one will offer and the buyers just walk away, so the stock gets diluted and us longs get screwed. Same results as you suggest, just a little different path to the end result.
Minor correction Crowin, EGOH did produce some oil, as the fields were producing some oil when he (EGOH) bought the field mineral rights. But not soon after, things went down hill, and Wilmont made many bad decisions, one after the other, picked the wrong contractors....etc.