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Cookies getting cheaper at the bake sale. Bought some under 18 cents today. Price is going to drop a few pennies more this week.
Trashcash, new low.
I have seen more revenues for a bake sale. Keep pumping, bumpkin.
Nov 19th press release. "As management previously disseminated, the Company...expects operational profitability in the subsequent quarter."
Like I said no revenue for current quarter, maybe the following quarter.
Burn off will take at least 3 months.
In other words no revenue for current quarter, maybe the following quarter.
Where is the bottom?
Slowly bleeding away. Doesn't look like 20 cent support is going to hold.
Dropping like a rock. 20 cents soon.
Dead cat might bounce at one dollar.
Every month means more dilution more debt. Going to need a lot of revenue just to break even. Last quarter:
In June 2007, the Company issued 61,091 of its Class A convertible preferred stock
In July, 2007, the Company issued 53, 571 shares of its common stock valued at $15,000.
In July 2007, the Company issued 300,000 shares of its common stock valued at $84,000.
In August 2007, the Company issued 3,900,000 shares of its common stock for recognized a loss of $667,967.
In September 2007, the Company issued 6,900,000 shares of its common stock for recognized a loss of $1,430,600.
In September 2007, the Company issued 1,100,000 shares of its common stock valued at $214,000,
In September 2007, the Company issued 202,500 shares of its common stock for recognized a loss of $23,576.
PLTG loses ground on the DOW's largest gain day ever. Weekly chart shows PLTG headed back to support around 16 cents.
Price of crude overdue for sharp drop, at least 25%. Demand for oil will decrease with coming recession. Oil inventory up.
http://biz.yahoo.com/ap/071127/energy_sector_roundup.html?.v=1
http://biz.yahoo.com/ap/071128/oil_inventory_report.html?.v=1
Just bought 200 shares of DDM at 82.12 a full 14 min after the bell. I thought regular bids were void after the bell. Anyone ever get filled that late after the bell?
Yeah, I forgot about them for the rest of this year.
Hype, hype, hpye, potential, hype...and then revenue $2300...and now price of PLTG down.
Not a basher, but a forecaster.
All that "good news" was just fluff. Quarter report was a downer. People will sell before the end of the year. Stop loss will kick in and send PLTG back to mid teens.
Will load up on DDM if in 75.00 to 80.00 range around Dec 15th.
Sell off is increasing. Back to the teens soon.
Ready for a breakout to 3 cents. Any day now.
WEED bid is 9 cents. There's your entry point.
Expect 70% drop today. 8 cent
I also thought HEMA might rebound, but I would only play the MOMO. With falling knife stocks just when they are poised to bounce the hidden truth comes out.
President and vice president quit because they know its over. Once they quit they can dump all their remaining shares since they are no longer insiders. Extra hugh losses expected for the next financial report because they went on a final spending spree (why not), praetorian was tipped off to sell before Nov 1.
This is a classic red flag 8K.
Really horrible news. Going under a dime. Stay away.
ABMC looks poor in the short term until the end of the year. Upside might be 95 cents. I would sell above 90 cents if it goes up. Long term you're going to need positive news.
25 cents now the bid. WEED is on the inside ask.
Key to the rebound is the 10 day average. Gotta have a positive day that closes above that line.
WEED is the MM to watch. He has the big sell order. WEED also has a bid at 25 cents near the bottom of the stack.
HEMA Dilemma. I don't think 25 cents will hold up.
Maybe a little lower tomorrow, but its going back to at least a buck near term.
They sold less than 0.01% of their millions and millions of shares.
Will it bounce from 65 cents?
Oil and energy OTC_BB stocks have been dropping hard lately.
Lets see 2 million restricted PLTG shares at 50 cents per share (or 1 million$) plus a percentage of oil revenue for a $250,000 loan at 8% interest to pay for a 47% joint venture with Bowie Energy.
MM's took out the stop loss. Price did not start falling until 11:00 then only 33k share needed to push the price down to one dollar. Below that the stop loss started to kick in causing 125k share selloff until it hit the bottom at 65 cents.
Dropped like a rock today. Down over 50%. Number one on the loser board. Might be worth buying for a bounce.
My guess is they have over 250k shares left and they will sell the rest this month.
Saw HEMA ask at 33 cents late on Monday, yet no bites. Bought 20k FRTW at 34 today and sold at 41, way to hot to hold overnight. Bought 20k ENEI at 41 and sold under 45, should have held longer.
Doubt if HEMA goes up this week. I have no bids on this right now. Need to see a positive close above 10MV.
NITE = Scottrade