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You're locked in for 1 year after split, if you own any shares at time of 4-1 split you can't trade them for 1 year.
Same touts on this board as VIZS, XUII, BYSD to name a few, all turned out to be scams. If you're not a pro at investing I'm warning you to stay away from this cr-ap.
GRILLIT (GRLT) Bag Holders about To Get Barbequed
GRILLIT, Inc. (GRLT) shares have been skyrocketing thanks to several pimps who have been making hay out of nothing. For example, one tout has been highlighting that, "GRLT is establishing itself in a sector tipped to grow by double and triple digits rates in the coming years. Current sector value is estimated at $27B annually". The problem is that we don't know what portion of that sector can be attributed to GRLT, since the announcement of the reverse takeover conveniently left out financials. So now investors are left to guess at whether they can look forward to double and triple digit rate increases of $100 in sales, $1,000 in sales, or who knows what. Most definitely, the revenues from two restaurants is never going to justify today's market cap of $24.75 million, set to quintuple just if the share price stays at this level (it won't). What we do know is that as of March, GRLT listed $93K in assets, $84K of which is labelled as undefined, "other" assets. Maybe the company has $84K in coal with which to stuff shareholders stockings this coming Christmas. One thing is for sure, today's shareholders could be looking forward to a miserable Christmas. Here's why:
The latest frenzy is over the company's announcement that shareholders would receive a dividend of 4 additional shares for each share of GRLT they hold. Today's irrational 89% run can be attributed to yesterday's announcement that the record date of shareholders who would benefit form this dividend, was extended from July 15 to today, August 7. In other words, insiders wanted a little more juice to able to sell more overpriced stock. And boy, did they ever succeed, generating over half a million dollars of trading, and surely pocketing the lion's share of cash changing hands.
Now the announcement of a stock dividend is a common ploy used in penny stock schemes, designed to make the naive believe that they are getting something for nothing. In other words, and using the GRLT example, if I own $100 of stock today, then surely I own $500 worth of stock tomorrow? Right? Wrong! Although they are called "dividends" in an attempt to deceive, the scheme is usually nothing more than an attempt to veil a stock split. In other words, if you own $100 worth of stock today, you still own $100 worth of stock tomorrow. The share price will reflect the split, so that if the share were valued at $3.00, they would be worth 60 cents after the 5 for one split. The shareholder gains nothing.
Unfortunately for the GRLT pigeons, they aren't going to be so lucky. The GRLT dividend really is a dividend. Each shareholder will get a certificate for 4 additional shares for each share they hold at the end of today's trading. The problem is that these shares will be restricted from trading for a period of one year, under Rule 144. So everybody is stuck with them.
OK, so you wait a year and then sell, right? Not so fast! Once the shares have become free-trading, the shareholder will have to go to a qualified securities attorney and obtain an opinion letter, stating that the shares are qualified for trading and why. Expect that to cost between $250 and $1,000. Then there's the matter of finding a brokerage house that will allow you to deposit the certificate. This is a pink sheet stock, which we expect to be worth almost nothing in a year. The few brokers that will accept such a certificate will charge several hundred dollars to accept the certificate for deposit, more if the company is not DTC eligible in a year, which is very possible. Then you have to pay their retail brokerage fees to sell the stock. And even then, all this depends on the company not executing a reverse split before these shares become free trading. Do not pooh, pooh that possibility.
OK, so now everybody has held onto their shares for a year, gone through the opinion letter hassle, and found a broker to take their certificates. Now there's 33 million new shares for sale. What do you think happens to the share price, which we assure you will be beaten down to nothing in a year, when there is 33 million freshly tradeable shares ready to go? Can you guess?
Sound appealing so far? Well everything we've told you is nothing compared to the ultimate slap in the face shareholders are expected to endure starting tomorrow. Unless the company announces another extension of the date of record of course.
Naive shareholders are expecting the same level of interest in GRLT shares tomorrow as there was today. Oh no, no, no. Do you think that new investors will be interested in purchasing stock at an 80% disadvantage to what they could have had one day before? That would make them second class shareholders in a company that has very little, if anything. On top of that, current shareholders, having locked in their "fantastic" dividend, will be looking to the exits. All at once. It may be a stampede. With few buyers consisting of maybe a couple of short coverers, and a lot of sellers, these $3 shares will be worth pennies in the blink of an eye.
Well at least they'll have certificates to use for kindling. But those won't be available to burn for a year.
Every share in XUII is losing money since promo began. That applies to all longs and short term traders still holding. Obviously some people did make lots but bottom line is another APS scam created another generation of bagholders.
See Below:
August 7, 2013: Yes, we are going to pat ourselves on the back tonight. We could not have prognosticated today's trading any better than we did in this morning's pre-market email.
We said, "After a day of no emails and a 35% smashing of the share price, XUII is emailing again and we wouldn't be surprised to see a small, albeit temporary pop." Well the stock gapped a hair, at the open, hit a high by 9:30:03 am and set a course due south, closing below the 15.3 cent price it was at when the Pump & Dump start over 3 months ago. Every share is now losing money. The day's trading was highlighted by an overpay* rate of 85% and as of the close tonight, investor losses stand at a minimum $232.6 million. We are officially declaring this dog and its pigeons, dead. All that's left is for APS to take down the banner and then watch this one drift into the low single digit pennies.
Source: Pumps&Dumps.Com
Insiders have been whacking the bids for the last 2 months. With 6.75 billion shares I've been predicting a 100/1 R/S for a while and wouldn't be surprised to see it within the next week or so with this type of volume.
It would be nice to take all the credit but I must confess it's this mornings daily newsletter from pumps and dumps dot com.
XUII Gives A Preview Of What's To Come
August 7, 2013 : After a day of no emails and a 35% smashing of the share price, XUII is emailing again and we wouldn't be surprised to see a small, albeit temporary pop. The one day sabbatical in communications and the resulting crash of the pps is a clear indication of what's to come. The share price is supported by air and as soon as Awesome Penny Stocks disappears permanently, the XUII share price will evaporate. The last time APS didn't issue a XUII email over the course of a trading day, was during sister promoter, Victory Mark's short effort on ACCS. APS was trying to make its followers believe it was moving on to ACCS as well. After that short lived promotion, and the destroying of those bag holders, APS got back on the XUII bus. During the short absense of APS emails, the XUII share price crashed. So let the lesson be learned. APS is moving on very soon and those owning XUII will be left holding the bag.
Still valued at $60 million, even at .175c per share. Don't touch this with a barge pole. needs at least one zero between the decimal point and the 1. Still easily 10x over-valued.
Found the board the Vermin are touting today
Insiders whacking the bids because they know it's heading to single penny world. Squeezing whatever juice they can still get out of this lemon. Led Zeppelin like.
Nautilus Minerals Issues Statement in Response to Share Price Movement
Tuesday, August 06, 2013
Nautilus Minerals Issues Statement in Response to Share Price Movement
14:04 EDT Tuesday, August 06, 2013
TORONTO, ONTARIO--(Marketwired - Aug. 6, 2013) - Nautilus Minerals Inc. (the "Company") (TSX:NUS)(OTCQX:NUSMF) at the request of Market Surveillance, on behalf of the Toronto Stock Exchange, announces that the Company is not aware of any material undisclosed development at this time that would cause today's upward movement in the Company's share price.
That's the way to play them, by not getting to greedy. And never believe any of the BS they mention about the Company, they are pumping, as it's all inflated and in some instances just pure lies.
My comment was in relation to their boast that they would quit if it didn't hit $1, and it hasn't. All their manipulation failed, so I would like them to do the honourable thing and feck off. They don't Pump shares for anybody else but themselves.
Touts either gone to lunch or it was a morning pump, certainly gone quiet.
APS should now admit defeat, hand the key to the jailwarden, and retire to the cell. Failed miserably to hit a dollar so do the honourable thing.
Not that those bunch of crooks ever would, especially when there is more easy money to be made and plenty of gullible people that believe the pure lies in their newsletters.
You missed a zero .0006, it's only hundredths of a penny. Well it's not even worth that.
I got caught holding the bag at $3 so got a long way to go. Thought about averaging down but then decided if it got itself back on track I'd still make money in the longrun but if it didn't then my extra money would be lost as well. It really is a hit or miss Company and not just a proven company that fell on hard times.
When I hear they have got their legal issues with PNG sorted and that they are starting work on the vessel again I will feel much happier. However another nice little jump in the price since I wrote my original email this morning and over 260,000 shares traded on the Toronto stock exchange by 11:30 is very positive.
Mac is doing coke again, better watch it or he'll miss the bounce ha-ha. Although he's probably bouncing off the ceiling anyway??
Even a brick bounces when it hits the bottom, just not very high?? This is done, get over it.
Still moving in the right direction, hopefully someone knows something as there has been no real news been forthcoming to the general public.
Got a long way to go before I'm in a break even position but the recent movement has at least got my interest back again.
More fool you for still holding, bagholders who buy at the top end are one thing but people who become bagholders after they have had many opportunities to sell at a 200% profit but choose to hold deserve all they get.
OK fundamentals - last quarter reported revenue $0, reported cash on hand $7,029. Those are the fundamentals that I'm interested in. Based on current share price this POS is valued at $105 million. Give me a break??????
Some of the people behind these pumps have turned out to be out and out crooks committing pure fraud (take FROG as an example). They knowingly tell outright lies to pump a stock and defraud people of their money. The problem is that the SEC and FINRA are to slow to jump onto these plays and shut them down.
I'm sure you would be pi-ssed if someone scammed your credit card and charged money to it, as far as I'm concerned the vast majority these P & D schemes are doing the same thing. And don't forget the insiders behind these scams ALWAYS win, I can't say the same thing for the investors.
Since the buyers have dried up the market manipulators i.e APS and the Company insiders will be the one's shorting the stock as that becomes the only way they can get anymore money out of this POS.
Make no mistake they have the bulk of the stock so they can manipulate the price. They have tried running it up a few times but there is no new money coming in for them to sell into so there only way of getting money will be to sell down. That gets people thinking they are picking up cheapies. It's all just a game.
In 93,000 postings have you ever pumped a Company that actually ever became anything other than an avenue to get people to part with their money. All of your recent picks became pink elephants.
Not bad for a company with zero revenue and $49 cash in hand last quarter. It's pure lies!!
Judging by today's volume nobody cares about XUII, this pump is done!!! As we say from my part of the world, it's gannin doon the plughole.
Probably most people are subscribers to the newsletters that the touts put out, in most cases not by choice as they tend to come in as spam. They take an initial interest from those.
Some people have been burnt by these scams in the past and lost money so they make an objective choice to rubbish the garbage that the touts are saying.
Some people just enjoy the social interaction.
I'm all three wink wink!!
But then I'm sure you know that the touts and insiders are manipulating the stock, so it goes both ways.
Just checking, out of 340 trades in BYSD yesterday, 324 trades were losing trades or 95%, not good.
As you said, yesterday you made money flipping this. To be honest holding long on these things is a mugs game and the only way to play them is by doing exactly what you are doing.
However since you are flipping it, this also means you have very little faith in BYSD yourself, or you would be holding a long position??
Unless you flipped you lost, total garbage!!
Not a single person buying today and still holding made money on this cr-ap.
Good article, and after reading it, it's a risk not worth taking. Everything points to a declining share price. APS has been flogging this dead horse for to long.
last week's bagholders still upto 65% down on this scam, and anyone buying today is making nothing since the open was above last nights close anyway.
This scam will dump very quickly BEWARE.
Yes it's a shame that the SEC and FINRA work so slowly with these scams. Sadly honest, yet gullible, investors end up learning painfull and expensive lessons with these APS P & D's.
Ok, tell me who is going to buy this to push it up to a dollar. Everybody and his dog has already received multiple newsletters during the last 3 months, if they haven't bought up until now what is going to make them buy in the future.
The shorts have already deserted this after making a fortune so a so called "short sqeeze" is an allusion with XUII.
The so called "Company" is already valued at $100+ million at .33 cents, so what is going to happen that will justify the Company being worth $350 million to get the shares to $1, all the hype is done, and has failed miserably.
If you think this is going to "Dollarland" you my friend must be in Cuckooland.
This scamn has been running 3 months and despite all the chestpounding and lies, APS have failed in their quest. The vast majority of people buying this cr-ap in the last 5 weeks are sitting this morning losing money.
Just another SCAM Company to ignore
The shorts can't fail to win with XUII. Old Shorty has made tons of money on this POS. As long as the gullible Longs believe the puke that APS keeps shovelling out. Since APS and the insiders are the biggest shorters of them all, when the mugs stop buying. APS don't care how they make their money
From buying and selling art to minerals & mining??????????? and zero revenues BEWARE
Company Information
Sanborn Resources, Ltd., formerly Universal Tech Corp., is a development-stage company. Its activities during the development-stage include organizing the business and raising capital. As of December 31, 2012, the Company investigated alternative business opportunities, which may include a merger with another company. From the period from inception (May 17, 2011) through October 3, 2012, it was focused on investing in the international art market through purchasing and reselling artwork. On October 3, 2012, the Company commenced evaluation of a number of opportunities in mining and minerals in Brazil and elsewhere. As of December 31, 2012, there exist no agreements, arrangements or understandings as to any new opportunities or businesses. As of December 31, 2012, the Company had not commenced any operations. As of December 31, 2012, the Company had not generated any revenue from its operations.
And of course APS is about everything that is good in the market.
Why can't everything go straight up and never come down duuuuuuuuuhhhhhhhhhh!!!!!!!! Even if it is a POS