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Good catch on the .062 bottom connection there to the series B convertibles.
IIRC one of the debt conversions (or similar) had a lot cheaper conversion rate, at about .07/share, while the others had higher priced conversion rates. The floor at that price may the cheapest share conversions being dumped right away, at break even for them, while the others wait for a bounce or buy to support the floor so they can sell higher cost shares for more later. Anything is possible with this one now. YRCW shares are now a lost wages Nevada casino for sure!
Place your bets and roll the dice folks!
I wonder if the massive new share count being dumped now, combined with the expected R/S, might not bottom this thing before the R/S instead of after, do to the massive selling pressure now? May depend on how many of the shares get dumped in a panic next week. But I would expect anything at or below .01 be a pretty safe buy bet for a good bounce ..... before or after a R/S.
I considered starting a health food & supplement store myself, and later an online version, but alas, they say, "Life is what happens to you while making other plans".
Marc told me earlier this week that it takes a prescription in Europe just to buy Vitamin C!!
OUCH!
And I thought we had issues with the US FDA!
I got to thinking after Gold's recent bearish comments on IFUS about some good comparisons. I may work on a post for that this weekend. The theme being, to compare say CYTR to IFUS.
CYTR has no sales, a huge known cost going forward with its new drug trials, yet the market cap has been in the $100 million dollar area for years, as they burn through 5 to 20 million dollars or more per year,
and yet at today's price IFUS is sporting a tiny market cap of only about $350,000, for a company with a product that works, and that has real revenue, and product sales, that are climbing.
There are many good CYTR comparisons. Point being that I see IFUS as undervalued!
I am thinking of putting in a bid at .0000/share and see what happens?
Ain't over till the fat lady sings!
Very interesting news for CABN shareholders and watchers:
http://www.pennenergy.com/index/petroleum/display/5337287069/articles/pennenergy/petroleum/refining/2011/09/sasol-to_build_the.html?cmpid=EnlDailyPetroSeptember142011
Writing was on the walls, my post below was almost prophetic, LOL
as well as my .02/share buying target, which we still might reach, especially if it fell this far, and hard, before the new shares are even available to distribute.
Did you miss the last SEC report? They are selling new shares, private offer, at an un-disclosed price to raise $2 million dollars, and already sold $600,000 worth, but did not say what price they sold at? This weeks crash in the stock price means key people know what that price was (is) (like the MM's) and they are now dropping the support price to that level, before retail people get the price news in a later filing. I have seen this cycle here several times now the last 3 years.
The SEC filing was released about week or 2 before the latest news blitz on hiring two more people and the national geographic fluff piece.
You were saying?
"
They need a truck load of lipstick for this PIG!!
And with all those new shares (20 new shares for every old one, ouch) the shorts will have no problem borrowing shares to sell short. This could become a bloody massacre or stamped to sell first!
If it hits .02 this month, I may take the dip and buy a few back. I have been on the sideline for months, got out at about $1.35 when I saw the writing on the wall!
I am convinced a RS is coming this year. Don't they need to do late to keep their listing? Nasdaq?
They will still have lots of debt after all the shares are issued, and they raised cash with new debt, so your "no debt" claim is wrong. Also the earlier detailed post today shows the final share count going to over 4 billion shares, so your number there is also out of date.
That is very encouraging to hear!!! Thanks for sharing that. I talked with Marc at great length yesterday about two friends I have with problems that I am going steer towards these products. One is in her late 60's and has suffered with shingles for 5 years non stop know, and nothing the AMA has tried has helped. The other had an acute pancreas attack recently.....
I wish more IFUS product users that own the stock would post up here. This one is a real sleeper. Even parents whose kids have Autism seem to be finding that it helps enormously, as it is now listed on the Autism web site I posted about 3 months ago here.
I also have a friend on the liver transplant list, but I do not know how bad his is. How bad was your friend's liver?
Except that they have no debt, and about $1.50 a share in cash on hand
I did not read it, but if he is a short seller, I agree, I rarely trust what they say, but unfortunately enough others do to trigger a sell off, and in this case, the huge mass of new shares is likely to be dumped, at least some of it, and that is likely to start the dominos rapidly falling here. A 97% dilution is massive!
Gerry mentioned in passing to me about 4 weeks that the creditors they owe money to have been great about working with them (no a D&B report would back that up), he said it in a meaningfull way, meaningfull tone, like they were willing to wait, are being patient, and are not going after the juggler so to speak. Frankly, they have lot to loose if they pushed them too hard, and a lot to gain by waiting for them to get their funding lined up, and the well completed.
I hate to say this, but for the first time in my life, this looks like a perfect short play. This could hammered down to .02 if enough of these guys dump at all once, while the shorts help it along, and while the Euro sovereigns and Euro banks crisis blows up and the economy here continues to slip with high fuel prices. Every one knows a R/S is coming after these guys dump enough of those shares with some sort of Pump and dump promos behind them.
They are still loosing money, still have lots of debt and interest, fuel is not cheap, freight is not increasing, and these fools are about dump a 1000% increase in penny common shares in a bad scary market!
I would short it here, and buy back and go long at .02, if it gets there for a bounce maybe, or wait for the R/S and see if what the economy does.
Going long here, reminds of trying to pick up pennies right in front of a moving bulldozer!
The problem is the MM's rigged the game at the open. They deliberately ignored the open market orders, and sold themselves all those shares at .225, then resold them all to us at .03 to .045 in the next 2 hours, which is backwards, and absurd.
I almost wonder if they know good news is coming and wanted cheap shares, but they would have raided MNLU too, if that were true.
You go to the charts page, then click one day view on the chart, let it load, then click the data menu and let it load. Flash must be enabled.
Actually you bring up an interesting point. If MNLU can sell shares in a private offering to cover the bills, why cant AEXP sell shares? Perhaps it has to do with which company is expected to survive? BUt if MNLU failed to raise enough cash, I see no reason AEXP could not raise cash?
I hold nearly equal positions in both stocks now, but I did get lucky today and the MMs were nice enough to sell me shares at .03, after they stole a hoard of shares at .22x? and then finally filled my old order later in the morning. CSAH!
MM's just pulled what should be an illegal raid here, and tried to cover it up. Look at the line by lane trades this morning here in the data menu!
http://www.otcmarkets.com/stock/AEXP/chart
Note that they by passed higher market bid orders, stole 107,xxx shares at way under the market, then started distributing them at steadily higher prices since then. My standing order from last week, was the 3rd or 4th filled at a higher price. Barsterds!
Just call Marc, the CEO and ask him if you really want to know.`
Up to that day, $4.00 had held as the low since the day of the reverse split (IIRC). The day I made that post was the first day (I believe) that shares traded for under $4.00 ever since the day of the R/S. They had traded between $4.00 and $6.00 low to high since the day of the R/S IIRC.
One of the ultimate signs of price direction is making a new low, or a new high. I said back on the day of the R/S that it would not go any higher than $6.00, and that it would eventually drop to about the $2/share due to pending dilution that I expected, before any real major financial breakthroughs for the company, like a JV deal with real money behind it.
The stock could retest $5 before falling into the $3 to $4 area. But I have been the lone wolf, or bear here since shortly before the R/S. I followed and owned shares here since late 2008. But I sold at about $6 the day of the R/S.
Their latest report said they raised $600,000 of a $2,000,000 private offering of new shares, they failed to mention the offer price of the private offering!!! LOL No doubt that failure was a minor oversight, LOL. I am still on the sideline here. The latest news just says they added to the overhead, two new scientists on the payroll. That should speed up the cash burn rate.
Yes, it is a good sign. A sign that recent bear claims that it was DOA, are not correct. The last report filed showed a Sept 30, 2010 fiscal year end IIRC, and the audited year end financial was posted in December IIRC, and Marc told me he would file a year end report for this year. But I doubt we will see it before Dec.
I do not think Marc would be manning the phones and taking orders, if he had given up on this one. He is also still trying to make a go of the Supreme Energy part, but my money is on the consumable supplements they have.
Thanks for the update, and share!
AXPW competitor MXWL put another feather in their cap today:
http://ih.advfn.com/p.php?pid=nmona&article=49135901&symbol=MXWL
IIRC, the calculated target I posted about 4-5 months ago was about 36 cents. I have not recalculated it (based on the latest dilution data, and refinance data), but I suspect it could go under 20 cents now, with out too much effort. Might take another month or two to get there, might even rally next week first, but I would stay away from any long term position right now, until the dilution shares have been distributed and a new R/S is done.
Support was lost today at $4. Hmmm?
Hmm, market cap is 10 million dollars shy of cash in the bank. I wonder if the big boys might buy the obesity drug and pay for the huge FDA study? Lots of cheap buying opportunities out there on the cheap too.
Might be time to look for a buy the dip opportunity here.
Several others are dirt cheap too, selling for less than cash in the bank, like ANX. It seems many are priced at March 2009 crash prices already, or priced like they think we are headed there.
Call it the soon to be WPSA support group?
Worthless Penny Stocks Anonymous?
FWIW, Questus is reported to have a deal with EGOH, as well as GSRE. Check out the EGOH board and follow the trail. Looks like the EGOH deal may be what GSRE is claiming Questus has that they are getting in on?
They are circling the wagons it seems. Trail leads to B&B oil, Wilmot, and a hoard of other failed attempts....
A global perspective on commodity futures, like MNLU natural gas!
http://www.earth-policy.org/data_highlights/2011/highlights18
A little world wide info on where MNLU is heading, and why!
http://www.earth-policy.org/data_highlights/2011/highlights18
A little world wide info on where MVTG is heading, and why!
Any details, or documents on the scam?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66887637
The data you posted at the bottom of this post was 5 times less than the current OS & AS. Furthermore the top of the post was new 2011 news, and then you drop in with 2 year old, extremely obsolete data stock data at the end to make it look even more atractive. Yes you showed the dates on both and so you did CYA, good for you, but it smacks of pump and dump yellow journalism and McDonalds toxic-burger marketing tactics to me.
Once again, I suggest you go back to your posts of cut and pastes from the internet, boost the post count here for visibility to attract the sheep, and let's you and I drop the matter. I said what I had to say.
Interesting that this worthless outfit (GSRE) is claiming to be planning a Reverse merger with Questus, the latest outfit that Wilmot claims EGOH has a farmout deal with?
http://www.marketwire.com/press-release/green-star-energies-announces-special-shareholder-meeting-and-proxy-vote-pinksheets-gsre-1557556.htm
They are trying to increase their share count from 3 billion to 12 billion shares to accommodate the RM with Questus, the same outfit (near as I can tell) that we are told is working with the Texas RRC to get some of the EGOH wells pumping again. Interesting that their stock is trading at .0001 today.
Has anyone found any proof that the Texas RRC has any records at all that EGOH or Questus have any dealings at all (past or present) with the Texas RRC? If you do, please post links to it!