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because in the OTC world a company with revenue is a rarity. When you factor in all the pros and cons there is real value here. Feel free to compare it to other companies such as CTI*, currently trading over $1 after yet another RS. Zero products or revenue and yet just RS every other year to stay trading on NASDAQ. It is interesting how some companies are propped up by the industry and others are beaten down.
You don't believe in rainbows? perhaps this will help
A rainbow is an optical and meteorological phenomenon that is caused by reflection of light in water droplets in the Earth's atmosphere, resulting in a spectrum of light appearing in the sky. It takes the form of a multicoloured arc.
http://en.wikipedia.org/wiki/Rainbow
your math is wrong. .084 is 32% of .26 and .001 is 1.9% of .084
stocks do go down for good reason. Often that has nothing to do with the company itself. Many times there is an orchestrated effort to keep the price lower. Just ask Bear Stearns
www.rollingstone.com/politics/news/wall-streets-naked-swindle-20100405
Seems like the obvious reasons would be Purdue, Pfizer, etc. They hace a vesed interest in making sure ELTP isn't successful. Recently every time something good is released by ELTP the pps goes down. It is completely counter intuitive to how the stock market works. There is a definite benefit for others to see ELTP fail and we are seeing the results of the efforts on a daily basis.
EVCA Huge mover today and extremely thin from .004 to .01
Ludlow Equity Research has deemed it undervalued with a target of .04
10 bagger in the making!!!
www.ludlowresearch.com/uploads/evcareport.pdf
The mine seems to be worth $1 million. in the financials under assets the line item for property is $1 million and it says see note 4.15. http://www.otcmarkets.com/financialReportViewer?symbol=CFGX&id=94790
Note 4.15 states
On June 29, 2011, the Company executed an Asset Purchase and Sale Agreement wherein it acquired 100% interest in 85.5 acres of land containing 5 lode mining claims composing the St. Louis Mine, in Clark County, Nevada. The purchase price consisted of $20,000 cash, $250,000 in an assumed note, and a new note of $730,000, zero percent interest, due and payable in (36) thirty six months.
http://www.otcmarkets.com/financialReportViewer?symbol=CFGX&id=94791
Wow, a sub penny stock with $700K in cash on hand. You don't see that every day!
Yeah, that was really rough getting back in today at a 30% discount. Guess I should have just held
I think this is a better indication that the new facility is open
We have manufactured larger batches of product in our new facility and begun limited packaging operations as well.
http://www.4-traders.com/ELITE-PHARMACEUTICALS-INC-5333258/news/Elite-Pharmaceuticals-Inc-Elite-Pharmaceuticals-Inc-Reports-Financial-Results-for-the-Second-Qua-15510778/
So you think that the financials will be bad, and they will use the storm as an excuse?
Let's think about this for a minute. You think that Elite will blame the storm that happened in Late October for poor numbers for the reporting period of July-September?
Quite an interesting theory.
Just amazing to me that anyone would try to push this again. Feel free to play the lotto, but this pretty much tells you what's going to happen. FYI after their most recent split they had about 3 million shares outstanding. in less than 5 months it was over 1 billion.
Share Structure
Market Value1 $107,597 a/o Nov 09, 2012
Shares Outstanding 1,075,974,610 a/o Sep 12, 2012
Float 125,482,764 a/o Apr 10, 2012
Authorized Shares 6,000,000,000 a/o Apr 10, 2012
Par Value 0.000001
Shareholders
Shareholders of Record 421 a/o Apr 10, 2012
Corporate Actions Ex. Date Record Date Pay Date
Security Notes
•Capital Change=shs decreased by 1 for 1000 split Pay date=08/27/2009.
•Capital Change=shs decreased by 1 for 125 split Pay date=03/01/2011.
•Capital Change=shs decreased by 1 for 1000 split. Pay date=02/29/2012.
http://www.otcmarkets.com/stock/HSCO/company-info
Epic got free shares? I would love to see a like proving that.
Huge bids coming in today. Looks like people are loading for a big run.
Congratulations on predicting a penny stock would go lower.
Please explain your logic on why a RS would happen with SEGI? Throwing this term out on a public message board is done to induce fear among investors. It is completely false and totally illogical.
As of Sept 10, 2012 there were 222 million outstanding shares. Even if every single trade since that time had been a newly issued share, which is absurd, there would only be another 42 million shares added to the OS. The real problem here is likely the fact that the float is too small which doesn’t allow for fluid trading. People rushed in as it moved up. When the momo slowed down and the bid support thinned out people bailed and the pps dropped.
http://www.otcmarkets.com/stock/SEGI/company-info
First, it has been 18 months. Second, 80% does sound bad until you put that into context. It was only 100 million shares, which in the OTC market is not much over a year and a half. SEGI and its investors are about to see the payoff with their Oscar buzzing movie. Keep in mind that many of the shares added to the float were sold as private placements and not just to pay off debt. Investors knew that SEGI had a great investment with The Eye of the Storm, and are about to see profits as the awards season starts up.
.004s back up. time to start moving again! SEGI
SEGI ask really starting to thin out. ready for a huge move up
.004s up!!! SEGI about to break out
add in the potential Oscar nominations and we could be sitting on a powder keg here! SEGI
The Eye of the Storm is getting a lot of notice for potential Oscar nominations. In the link below they have Judy Davis as the winner for best actress. I think even a nomination blows the roof off of SEGI.
http://mubi.com/lists/2013-oscar-predictions-picture-director-acting-early-edition
Saw SEGI on the breakout boards last night. Started doing a little research and love what I see. The share structure is perfect for a nice run toward .01+ Hoping to add a nice position this morning and then see SEGI take off!
but wait what about all those extra commissions you have paid because of those six trades? How can you handle the extra burden? at $10 per trade you have now spent an extra $60 How will you survive??? LOL
FYI I'm agreeing with you
Your disclaimer is ambiguous in regards to GYST. Your website says 300000.0. It is either 30K or 300K. I really don't care what it is. You posted that you were compensated for the promo. The conversation is whether or not the matrix has anything to do with BWMG. I see zero evidence that the Matrix was compensated for BWMG
Yes, that is what I posted. There was no compensation given to the Matrix for BWMG.
You are right that is the way it is in penny land, but a CEO should know how the pps is affected by his statements. A simple comment about getting current can send this up 3-5X, but silence can drive it back down just as quickly.
I saw the number and went with the decimal in the right place and just missing a 0. Either way it wasn't BWMG. Thinking that maybe someone is upset about a different play (GYST??) and intentionally tanked a stock that was moving nicely on its own.
CEO screwed everyone. Promised updated financials and then went silent. A simple blog post explaining the delay would have probably kept this in the .003-.004 range. It is a shame that he has no consideration for shareholders.
I knew you saw them, was just showing off my shortcut skills... lol
perhaps it will help others to confirm there is NOT a promo going on with BWMG
Click on disclaimer, then do control A and control C quickly. then paste (control V) into a word document. You will quickly realize that it wasn't a promo on BWMG it was a promo on GYST, also it wasn't 30K it was 300K. I distinctly remember a disclaimer attached to all posts about GYST by Psionic Trader when that promo was going on. I don't know why there is a coordinated effort to bring down BWMG, but it is causing people to lose money. I'm not sure why people think that is ok.
You were conned into buying a stock when it was low, only to have the price go up significantly? Then you sold at a profit, like everyone else that sold as the pps continued to climb? Sounds like a good day in the stock market to me. I'm not sure what's up with the animosity for being alerted to a stock with nice potential.
So on one side there may be an effort to push the pps higher so people make money, and on the other side there is a definite coordinated effort to crash the pps. I can't for the life of me figure out why someone would get so much joy out of causing people to lose money.
Count me in on the side that wants everyone to make money. Go BWMG!
The CEO of BWMG has never sold a single share of BWMG. Why would he sell now when the stock is at historical lows?
http://www.secform4.com/insider-trading/1166708.htm
Looks like BWMG is actually working toward clean energy. This could be even bigger than it looks on the surface.
From their website:
If a technology would emerge that could replace the conventional boiler a profound renaissance in steam propulsion would sweep the automotive, maritime and power generation industries. Great advancements in material, control and electric motor technology in combination with a revived steam sector likely would bring forth far reaching sea changes in modern living.
Rather than combusting fossil fuels to generate the heat to produce steam MIE takes a radically different approach. Parallel research on the high energy impact physics involving water suggested an intriguing solution. MIE utilizes hydraulic energy to propel tiny amounts of water at ultra high velocities into a specially designed chamber. http://www.browniesmarinegroup.com/mie-marine-energy-project/summary-overview
volume should be an indication that the trade show went very well!
NEWS seems likely based on the sudden rise in volume along with the recent trade show. Hope it holds off a bit so I can grab a position early Monday.
I like what I see here with BWMG, wish that I would have been around Friday afternoon to get in earlier. Will definitely be taking a large position on Monday morning as this stock is quite undervalued. I definitely like buying into a stock that has real products and revenue. Especially when they have such a low share structure. The pps here is way too low. should be trading closer to .01-.02
Recent volume is an indication that something good is about to be announced. Hopefully the trade shows will pay off with new sales and a PR. BWMG!