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and a sucky logo
big industry means they have to be above and beyond any similar product in the industry to even be considered for business.
you honestly think any grocery store, gas station, retail store, restaraunt, or any place selling bottled water already is going to swap out Aquafina, Evian, Poland, Fiji, Nestle' Pure Life, Deer Park, or any other brand for Pirahna
Give me a break! The name even sucks for the market they are trying to get into! Somebody needs to sign this company up for some business and marketing classes.
Yeah, I figure now would be a good time to get into the stock. I'm not going to, but I project that it will bounce back and then deflate down to .0003 for a while. It's spring water ... I don't care if there is a neat fish on the bottle or not. It's a product marketed to a younger generation but what you have to realize is a vast majority of kids-teens don't buy bottled water. They also go for the brand names (Red Bull, Starbucks, Mountain Dew, etc.) It's a very CHEAP looking logo on a very ORDINARY bottle. Nothing fancy about it. It looks exactly like the kind I buy in 32 packs for $3 but with a mean looking fish as a logo. Too small of a company starting at the wrong time to market a poor product is, to say the least, not good.
But hey, good luck to those of you who think differently. Get a profit and get the heck out because there are too many bottled water manufacturers in the market to compete with.
I tried to tell all of you that this was headed down to .0009 about a week ago but NooooOOOOOoooo they deleted my post.
Jumped in at .17 today with a small amount... not really where I'd hoped to (I was at work all day and didn't think it'd go down more) but that doesn't bother me.
I own 3,000 shares of Wamuq. Why only that amount? The smaller amount of shares I own are a reflection of what I think the chances are of this going Wamuq's way and things being turned around withOUT new shares being issued. I am rooting on Wamuq, but at the same time am in no way endulging myself with dreams of becoming rich off of a bankrupt company.
I hope you guys are taking this in. The outlook doesn't look good for common shareholders. But, if you have the stomach for it and the money to play around with ... why the heck wouldn't you wanna give it a go!
Sec web-site would say this...
A company's securities may continue to trade even after the company has filed for bankruptcy under Chapter 11. In most instances, companies that file under Chapter 11 of the Bankruptcy Code are generally unable to meet the listing standards to continue to trade on Nasdaq or the New York Stock Exchange. However, even when a company is delisted from one of these major stock exchanges, their shares may continue to trade on either the OTCBB or the Pink Sheets. There is no federal law that prohibits trading of securities of companies in bankruptcy.
Note: Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares.
In most instances, the company's plan of reorganization will cancel the existing equity shares.
This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.
If the company does come out of bankruptcy, there may be two different types of common stock, with different ticker symbols, trading for the same company. One is the old common stock (the stock that was on the market when the company went into bankruptcy), and the second is the new common stock that the company issued as part of its reorganization plan. If the old common stock is traded on the OTCBB or on the Pink Sheets, it will have a five-letter ticker symbol that ends in "Q," indicating that the stock was involved with bankruptcy proceedings. The ticker symbol for the new common stock will not end in "Q". Sometimes the new stock may not have been issued by the company, although it has been authorized. In that situation, the stock is said to be trading "when issued," which is shorthand for "when, as, and if issued." The ticker symbol of stock that is trading "when issued" will end with a "V". Once the company actually issues the newly authorized stock, the "V" will no longer appear at the end of the ticker symbol. Be sure you know which shares you are purchasing, because the old shares that were issued before the company filed for bankruptcy may be worthless if the company has emerged from bankruptcy and has issued new common stock.
Anybody able to pull from a hat a percentage of BK companies who restructure and how they generally bring themselves out of BK. More specifically, what is the ratio of companies who issue new stock to companies who continue their previous stock? If there is a general rule of thumb here that can be applied relatively to Wamuq wouldn't we be narrowing things down a bit more as to what typically happens in this situation involving a major corporation?
200,000 shares around .20 you're looking at $4000. Pretty much the norm for any media outlet I would say. They have to be compensated for the work they do right?
Any thoughts here? I know they may be dirty, but they are one of the leading ethonal producers in the U.S. BK statement shows they are maintaining operations even as detailed as continual employee salary. Trading seemed to stop around .28 today. Think this one will bounce back up?
Patience is the key here. We're talking about Biofuel and new contracts that will move the company forward. My guess would be they cashed in some shares to help pay for their new manufacturing equiptment. On top of that you have the media outlet liquidating their shares and creditors as well. It's inevitable that this stock will bounce back to where it used to be. If you get out of the day trader's mentality on this one and wait it out you will be more content with your investment.
Next stop ... .0009. Weeeeeeeeee.
It seems to me like the only people buying Wampq are the people who are posting on this board. And when you realize how hard it's going to be to actually sell the preferred shares you will find out why nobody else is buying this stock right now.
Good point but would still look to buy for least possible price per share.
So we raise taxes on major corporations who are already laying off employees because they are in bad shape.
Higher taxes + higher unemployment + less money flowing into the market = more money the government is going to have to bail the market out with.
On the other hand,if we free major corporations up and enable them to have more capital to begin crawling their way back to where they were, they are able to retain employees and grow their business ... thus providing more confidence in the american market for investors.
Just my opinion, but I hope whoever the heck has to deal with this mess will make the right decisions in office.
http://www.hotstockmarket.com/forums/showthread.php?t=64697
a good post from hsm showing how much this media outlet was compensated in shares for relaying this info...
If they were at a much higher pps than when JPM offered them $8 a share, why would JPM offer them $8 or more being that the pps has now dropped significantly lower causing Wamu to have significantly less value? I'm not a genius, but wouldn't JPM, having already bought out part of Wamu, have the upper hand in determining the price of a buyout according to the current state of Wamu. If I am a businessman I would also be trying any possible strategies to decrease the price at which I would buy Wamu out. If I had already bought out part of a company and was looking to buyout the rest of it, I would especially use my leverage of owning part of them as a bargaining tool to my advantage. This is a big IF, imo, of a buyout. All speculation. We can throw numbers around as much as we want but show me a pr that has actually mentioned JPM even hinting toward buying out the rest of Wamu and I would start listening to all of these buyout comments. Don't be mistaken, I hope the best and own some shares. But, we can't keep our head in the clouds and not realize what we are talking about here is mere speculation at best. None of us has any idea as to how this is going to pan out.
What was Wamuq trading at when they were offered $8 a share?
.0005? Last I checked it was at .062 right along with Wamuq.
Guess we'll see. Just seems out of the ballpark for them to allow a bunch of pennystock traders to make a fortune. If the rumors were looking to come true, you would think that people would be jumping all over this knowing they can make a fortune in a matter of a week. I just don't see it happening. But, dreams can come true.
That's just like winning the lottery! Same odds too...anybody know the odds of winning the lottery (let alone the odds of all of us becoming rich overnight)?
Just speculating his answer here...
You never want to have to chase after a pennystock. When GGLB goes, it's going to move and it's hard to catch it once the pps i moving. The best option when the pps is consistently dropping is to sell and then buy more shares at a lower price. This can be risky though because if good news comes out the pps will move up again and hence the chase begins. It's also risky to sell your shares in hopes to make a little money in another stock before reinvesting. Who's to say you'll make money elsewhere anyway? The fees along play a factor ... having to sell shares then buy shares elsewhere then sell those and then buy back into GGLB ... fees could kill you unless you make a good amount elsewhere. Timing is difficult to pinpoint. The minute you buy shares in another company could be the minute GGLB puts out a good pr and up we go while you're stuck out of the boat.
JMOs
http://www.cnn.com/2008/TECH/science/08/08/green.investing/index.html
The money is on green. It's only a matter of time.
Or it's a press release that includes a joint venture with Microsoft
Yahtzee maybe? No no no ... I think it's Monopoly. Or maybe just Life.
Indeedilee Doodilee one really should be in this stock long if they buy into it.
Well here are my thoughts if you haven't seen them on HSM yet.
Peacock may be a shady character, but imo this company is going to take on a life of its own beyond Peacock. If I'm correct he is an interim CEO. In the past month we have signed major consulting partnerships as well our first contract. Talk about OVERWHELMING! I think any CEO would be having a hard time keeping up right now. However, I have a feeling these next contracts will tell us just how serious Green Globe and Peacock are.
Hey, we'll see right?
Up 400% on what looked to be less than $4,000 worth of trading.
Up 14% yesterday on what looked to be less than $400 worth of trading.
What's the deal with this one. You would think the name alone would attract investors.
There are lots of things I could ask for. Like money for grad school, new tires on my car ... and for PNHL's stinkin pps to go through the roof lol.
Hey do me a favor and don't sell when you break even. Wait until at least .004 so that way I can break even and you can make a little profit lol.
Lol I get no rewards until .0039 and beyond. But, i'm patient. It was my fault for not averaging down ... with this one, I could just never tell if it was going to go further.
I guess nobody here pays any attention to the REG SHO list? lol
nothing on th REG SHO list about them
doubt it's naked shorting. just end of the month bill paying imo.
Now that's more like it baby!
Who here just picked up some cheapies? Come on guys, fess up, I want some too.
Haha thanks. Didn't mean to sound rude there my bad. It looks like IDMC is wavering around the .08 mark. IMO I don't think it will go much lower than this. Really hoping for a buy out but doubting it will happen. GL
REG SHO LIST
April 7
April 8
April 9
April 10
April 11
July 25
July 28
July 29
July 30
July 31
Anybody else keeping track of this?
GGLB! Go GREDN MACHINE!
Morning everybody
You guys need to go to bed lol. It's 2 in the morning. You guys must be west coasters?