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just picked up a million at $0.0078
I am now up to 5M....will look to double to 10 if it gets below $0.007
I agree, with all the big board plays, why anyone is wasting their time flipping this is beyond me......
at this point in time, the market is telling us that those numbers are not true!!!!!!
capitulation took place here the past 2 days......this was not dilution....no one dilutes a stock and closes it down 25% in one day!!!!
at this point, I am hoping it just goes to 0.0001 real quick, at least that way I dont have to watch any more red......
this is just rediculous!!!!
lol....this is ruthless!!!!!!!
complete melt down today.....all u can do is laugh.........lol....looks like we got shafted again!!!!
capitulation here the past 2 days.........
if there was a short position, they just made a mint........
Any thoughts on what this is?
http://www.sec.gov/Archives/edgar/data/1201251/999999999708035035/filename1.pdf
no need for this post
how about the guys on yahoo sending us all the e-mails? you think those guys that have clearly gone POSTAL are still holding???? NO WAY you bash you investment like that.
a lot of new MM's here the past week or so.......
the one I like to see is HDSN.....they have picked up quite a few the past few days......In my penny experience, they are always bid wacking and destroying things!!!!!!!!
I agree on the big buyer part..
I disagree on the point that only a few longs sold. I think with the emotion towards the market in general the past few months, many more bailed than you think.
I don't think anyone will short at this level......
I think reality and what we have been seeing on L2 the past few months are very far apart.......
I believe that the MM's have been very active moving the PPS around and generating a ton of volume. This is the only way to cover a short position ----- the stock is actually trading the past few days like a 220M share float that is locked up by a bunch of longs.......
wow, it actually looks like normal trading.......no manipulation, no dilution, no unusual MM movements.......might the BS be over for now?
wadi, it is your bad expectations that cause your disappointment........
The company is experiencing amazing growth. In order to get this growth, you need working capital. This working capital is obtained by selling shares. NOT sure why some people here think RME was going to give us a bunch of interest free loans.
Once enough cash has been raised and the company becomes self sufficient from a working capital perspective, they stop selling shares. In pennyland, 99% of companies never become self-sufficient becomes their product either never makes it to market, or they run out of ability to raise capital and go bust. In our case, the product is good and has already made it to market.
The way I see it, using a full AS to calculate a valuation is the correct approach. In our case 1.25B shares is the correct number to use. Using $7M is net income expected this year and a simple conservative multiple of 10, you get a PPS estimate of almost $0.06. Thus IMO, the PPS is way undervalued right now.
Unless they have a massive growth surge, or something really bad happens to the business (i.e. A/R write-off), they will not need to issue any more shares IMO. Until the AS is adjusted, I will continue to use this 1.25B in my calculations.
The rest of the BS you read on these boards is just that, BS. Nothing but rumors (some started and stretched by management) to create as much demand for the stock as possible. A dumping cycle is usually characterized by a lot of fog and lack of clarity. This often is required because too much transparency will allow NSS to take advantage by shorting prior to dilution and covering during dilution.
The good news is, that I believe we are at the end of the cash raising cycle. IMO, now is the best time to load the boat with as many shares as possible, and ride the waves up as the company continues to grow.
Some here need to revisit their DD and stop reading every post on every message board posted by uneducated inexperienced people that have very little clue what they are talking about.
You are wasting your time flipping this. The last 3 months I have been flipping gold stocks listed on the AMEX, and have been making a mint. These pennies are all about timing. Get in with a good healthy position and ride the explosion. Sometimes it takes much longer than you expect. I have enjoyed many thousand persent runs in pennyland.
As far as trading this daily, there is much better ways to make money. Much more liquid markets to play in.
you think its a good idea to use this type of language? You have no evidence of what the O/S is at this time. If I were Steven, I would be sending your posts to my lawyer........
trust me when I tell you, that you CAN get into a lot of trouble for posting unsubstnatiated things like this on a forum such as this..........
govern yourself accordingly!!!!!!
light, how you doing man?
you recovering from that XKEM mess?????
you still around?
why dont you just leave these good people alone?
funny enough, this is actually panning out quite well for us.........even after all your negativity and warnings.......
We are all holding a bag full of worthless paper..........
Arne had a good idea, but it just did not pan out. The PPS fell apart along with th credit markets. With the pps where it is now, Arne will never be able to get any financing........and this will all end.....pretty much there now........
only thing that saves us here is an act of God!!!!
hope the real longs here flipped a few last year and are not going to take a huge loss.........I am sitting on 20M, but many of them are free............
on to the next one........
Any idea why BMAS dropped bid to $0.0111 and UBSS moved to $0.0114 without a single share trading?
The more I watch, the more I think these 2 are working together.....
So we have our CEO telling us the float is 200M.......several PR's confirming that number.........no SEC filing since January to suggest otherwise........BUT....stock is not trading as such.......I see UBSS and NITE all over the bid, VERY active.....WHAT the hell does this all mean?????
IMO, both NSS and diluiton have taken place....BUT since the 200M float number was first anounced, I dont believe any dilution has taken place. I believe that the NSS has caused much of the drop from $0.02 to $0.01.....this has completely shaken investor confidence.........and improved their covering position. I dont think that they have had to sell many to get this done either.......many retail investors have thrown in the towell......IMO at the worst possible time!!!!!!!!!!!!
I will add another million tomorrow!!!!!!
every stock featured on this clip, went up big today...............except us......
are you for real???????
it was JUST a sell??????
there was no buyer???????????
its simple............2 MM's working together.....one selling to the other in order to manipulate PPS direction.....then flip them back after hours..........
I got a feeling we may have a pulse here......................
wadi, the board has become a mess.......
I too hold a very large position here, and I don't care if there is a short position or not.......
I always use the full AS to do my valuations....Even using the full AS, at todays close, the market cap is less than $20M..............this is equal to about the sales from the first 2 quarters..........AND IS A COMPLETE JOKE..........
You know as well as I do, that they will earn more than the $7M they are telling us this year......At a minimum, an earnings multiple of 10 must be used to have a MINIMUM cap of $70M.............
If the stock were valued at $0.07 to $0.08, I could see a need for debating an NSS or arguing whether there ar 800M shares or 1B O/S.......where the PPS is now, there is no debate.........the actions here are clear...............BUY AS MUCH AS YOU CAN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I think we have lost site of the true valuation here, and got into a bunch of stupid debates over stupid things.........IMO playing into the hands of those manipulating the price......and the end result is a bunch of weak and unstable longs........
Folks need to revisit the basics here...............
anyone else having a hard time sleeping????????????
OH YEAH, what????????????????????????
funny post man!!!!!!!!!!!!!!!!!!!!!!!
what a damn mess this has become......only positive I see, is I can double down for $2500..........lock up 50M shares and check em again in 5 years..........
your right, I am a 13......I want to shove it up Burgs arse!!!!!!!!!!!!!
Green is good.......something was up today....you dont go from 4M volume to 30M volume for no reason at all.......many MM's are working together here
what a great read this is............
http://www.bloggingstocks.com/2008/10/31/vw-trade-leaves-hedge-funds-in-tears/
as our float continues to vanish......................
sure it is possible............its a gamble on the OTCBB.......I like the odds here and have bet this one large.........
....I am not sure why some expect to make thousands of % point returns and not bare any risk???????
you keep pointing out the risk.............over and over again....I would surely hope that people investing in th3 OTCBB understand the risks involved!!!!!!!!
Soapy,
the bid is shaping up for one hel of a final hour.........
I think we are now on the verge..................MM activity has realy chnaged the last couple of days............
VNDM, time to meet BMAS!!!!!!!!!!!!!!!!!!!
the gamnes here are unreal gang.......................we are so close to the run of all runs, I can taste it now!!!!!!!!!!!!!!!!!!!