New to iHub, but old man
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Too small. Wouldn't even register as a tiny blip on their radar.
Something wasn't right about this "BUY" rating. Brokerage firms DO NOT recommend penny stocks to customers. In fact, most firms will not even let you trade pennies without a bunch of forms and disclaimers.
Are you kidding? MERI had a "BUY" rating on STOA. Hide. Hide. Hide. That research analyst show me fired. Almost down 100% LOL
"I believe in them." Who? Who exactly did you talk to?
I left 6 messages now. One just yesterday. NO, NEVER a single call back.
Do you have a private line to them? If so, what is the phone number?
When and how will it get there with only 6 employees?
Know of any little company with 6 employees? Now think of what those 6 people will have to do in order to sell millions of chews. Ya, sounds kind of silly.
And ya, I am even counting the secretary. LOL
I tried to do some DD by calling the number listed. The number said was no longer in service.
WHAT? They are out of business?
For real. I called 559-761-7136.
NOT IN SERVICE.
Just came across this stock today. Am I reading the charts right? Stock down from $0.071 to $0.0002???
Is that even possible?
Always the CEO's fault. Don't you know that by now? LOL
Since the share price has been destroyed by new CEO, the energy company will require a reverse prior to merger. No way they would want to reverse into a shell trading at sub-penny with PIPE selling selling selling. Sad ending.
You can run, but you can't hide? Good luck at finding a Chinese guy in Hong Kong. LOL
You know something is not right when:
A. CEO resigns
B. PIPE
C. Stock crushed
D. Company merger from different field
E. Address changed to overseas
F. All the above
YES, the correct answer is "F" for failure.
They are in Hong Kong. The office here is only a mail slot.
WOW. Thanks for DD. From my single call to them, I gather ZERO revenue. Whatever their past was, it's a new ball game with brand new players and NO SCORES yet.
YUP, no real information, but my guess is they are a startup.
WOW. Crashing now. More new bagholders needed.
If you really bought, it cost $0.0068. Lost money already. YUCK.
They're using the ATM machine again? I thought STOA was going to play the reverse-into-a-shell game. Don't make it too ugly by being too greedy or else they will go somewhere else. LOL
No need to work the books, it's dim. Most startups are that way and expectation is for the promises of a brighter future.
Look at their filings. Stated.
With 6 people working 24/7, I doubt it's even one million. That's a whole lot of chews.
Of course they are selling. I have bought some before. Just saying with 6 employees, don't expect the sales numbers to be billions. Right?
No way crashing that low. LOL. Stock will pump up and dry up afterwards until real sales can chew on through. Filings stated only 6 employees (does that count the lawyer who sold 500K shares?).
With 6 people including adm., how much sales can LVVV produce? It's a start-up with some sales. Better knock on a few more doors and make some more cold calls. Chew away.
Don't expect much in a way of sales. That said, if they can show strategy or market wedge, then sales will gain momentum. Simply looking for traction and stickiness. Chew chew chew. Stick in the buyers' minds that THEY NEED ANOTHER LIVEWIRE CHEW.
From the PRs, I don't see much in way of change for the financials. Sure the capital structure will be better due to the filings, but this is a new company. Which means they will be underwater until markets can be captured. Takes time and money, both of which makes the balance sheet look uglier and uglier.
If they had huge sales and making tons of money, the stock would not be trading in the single digits. Right?
Are you serious? 100K for a pump?
And what? So insiders can sell? I thought the insider "insider" was the company's sec (LAWYER). DisBAR?
No. Most new companies want the gain for themselves and their own shareholders who have been loyal to them (and/or put up the money).
STOA provides a cheap way to public markets. Old STOA shareholders will be OK in the long run if NEWCO is successful, but short-term is all about taking care of themselves first.
The saying goes, "If I don't take care of myself first, I will not be around to take care of you."
Right?
Seen so many of these. They get tire of playing the being public game, dump shares for cash, sell shell for reverse and take core biz back private.
Done.
Forget the core biz. Even the old CEO jumped ship. Core biz in Asia. How are you going to check it out? Fully reporting and audited, right?
If core biz so good, why go out on left field? Wait, forget left field. This is not even in the same ballpark.
Watch for all of the old biz to stop or cease to exist soon after the reverse-into-a-shell-game has played out. It may not happen right away and has to stay for a while due to the benefits of accrued tax-losses on the books. Plus, if they exit out of core biz, STOA may be deemed as a shell for registration (of new shares) filings. This would create all kinds of problems for them to operate certain pump machines. LOL
1st, thanks. 2nd, sold 500K @ 15. 3rd, no shorts.
Everyone always blame shorts when stock goes down, especially CEOs. Can't be their fault, right? LOL
Last, Weed still owns 2,170,000 after the sale. Must have been the shell holder. Not good. He is letting free trading shares into the float. Now MMs can play games with the stock. It may also be one of the reasons the stock tanked.
Tail wagging the dog. Weed holds so much of the free trading shares. If Hodson steps out of line, bye-bye.
Zero volume. Trading by appointment?
Better get Billy to make a few calls, "Buy-cheap-shares-before-they-are-all-gone."
Volume has dried up. Lack of interest. LOL
Who is Richard O Weed?
No one here in America. All Hong Kong now. So I even called them during their business hours. Still no one answers or calls back.
I called FIVE times. Left messages. NEVER a single call back. This was over a two week period.
Thanks for the info, optoman. I didn't bothered with more DD once the feeling of tiny revenue came to light. Feels like another shell turning into printing press.
That said, if this printing press has an accompanying pump machine, then I would trade for short term gains.
Sounds alright except from what I gathered from your posting, you must have never called the company or just didn't ask the revenue question. If you had, what you posted doesn't make any sense.
Please call them. Ask them point blank, "Ball park it for me without giving me inside info, what does your 2012 revenue numbers look like? Ballpark only. Closer to $1 or $1,000,000? $1 million or 50 million?"
You're in for a wake-up call from reality. Without giving me numbers, I can feel the uneasiness rather than a sense of accomplishment. This apprehension didn't come from "should-I-be-telling-him-this," rather I felt it came from a place of a newbie.
Let's wait and see. Have always stated that only guessing with no real facts to back any of it up. Something just doesn't feel right, but can't buy nor sell anyway. Academic discussion.
Maybe a few bucks. But reading between the lines with no real facts, I would bet they have very little revenue if any. My guess is that they will use new ATM machine to get cash to build biz.
BTW, no money from ATM means the Billy/Alan Show will not get their paychecks on time. So what? They would not have gotten pay before anyway. At least now they have hope and blame it on someone else. LOL
So diluted. What now? I would bet that newco will be bought at 70% or more of the old company. This would mean existing shareholders will be worth 30% total. This can be done with reverse split prior to merger.
Example? Look at OPHI. They dumped shares for cash prior to reverse PR. Newco takes 97% leaving bagholders with only 3%. Deal is still there. Look it up.
Sad.
As it was, I was being kind and giving them the benefit of the doubt.
No, I think they own 97% because that is the cost of the shell to be paid over the next 3 years (per Billy & Alan's paychecks).
Broad strokes with no real insight. Was reading between the lines. My guess is the old OPHI had higher revenue than new parent. Did not get a good "feeling" about them being any smarter than the Billy-Alan Show.
Think of it this way, newco has to pay the Bill-Alan Show for the next 3 years AND inherited a bunch of bagholders who do not appreciate being lied to over over over again again. LOL
Ya. PIPE guys pumping this shell.