New to iHub, but old man
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Don't know. Haven't bought in yet. Still doing DD.
Hooka, you were the one that replied to an earlier posting causing me to come back to see this BS firm. YUCK BAD COMPANY.
Who emailed me about this ugly company ran by an ex-broker? Thank goodness I didn't get sucked in. From the charts, lot of bagholders here. Sorry. NO WAY.
$22.50 paint job. Painted the tape with a 300 share trade at $0.0750 on 15:24:02. Shameful. Like it was really going to fool anyone. LOL
Call them up. They will share some broad info with you. From what I gather, bright future with near term darkness. Don't know if newbie management is any better at the game than Alan & Billy. Go to their website. Phone number is listed there. Make call.
Why? Life is a continual learning process. I am learning everyday. Sometimes I learn companies will surprise me with some upside and other times I get burnt too. Live and learn.
You're right. Wait & learn. Yikes.
Freaking shell now. Can you believe all the BS about the eCommerce biz in Asia and now this? Starts a PIPE for cash and now shell for reverse. What a joke STOA has turned out to be.
All the big dreams of eCommerce support for big box retailers out like yesterday's trash. Now just freaking shell.
Probably either a MM adjusting their accounts or a partial fill of a limit order.
Shell game and not even related to the current business. Next, look for spin out of all biz back to Hong Kong people. Will be striped naked and a full shell game. Sad day. This new CEO is a gamer.
STOA became a shell for reverse. LOL. Shameful.
Why do you say they do not need PIPE? Doesn't look like they have revenue yet. Where will the money come from?
They bought shell on 3-year payment plan. I would bet that they will use a PIPE to pay for it. Bad news again for longs if that happens.
I do not think this newco has much business. Most good revenue generating companies do not need to reverse into a shell. Games people play. Billy and Alan did a great job with their employment contracts. Must be nice to get fat paychecks while shareholders are left holding the bag.
Stock price based on BK court's time table. Management? Who? There is like 2 guys and a new lady plus her crew after the BK. For now, Billy runs around talking talking talking about how there is little stock supply at these cheap levels. Yet, the stock goes nowhere fast.
Wait, and you'll see? Ya. Ya. Ya. I've sold on a profitable round trip. Waiting now for trip number two when other folks get tire of hearing the same old song.
My problem is not will the deal get done, but when will it get done?
A hidden problem for me is how will the company be restructured after the deal? GDSI basically is a shell at this point with a promising future. The new CEO is on top of the game with a lady who knows her biz.
Didn't even bothered to paint the tape with 100-share trade today. What?
They just won't stop dumping. Why can't the company stop for a few days so the stock can rest?
PIPE buys shares at a discount and resell them. Think of it as buy wholesale to sell at retail. Ya, they are like a super market. Better fill the ATM machine with your cash. They need to make more withdraws at ever decreasing prices as more suckers are harder and hard to come by. LOL
The next Magna 13G filing will confirm all the sales were placed by them.
Merriman Capital Initiates Coverage of Sitoa Global With "Buy" Rating. Do they look stupid now or what? LOL
WHAT? Look again.
02/07/13
01/24/13
01/09/13
12/10/12
PIPE. Look at the name of the new shareholder. Major selling shares for cash.
770,000 traded already. Are they going to dump with PIPE every day? If so, no chance of a come back without a pump. Mr. Hong Kong CEO, where are you???
Volume dried up. Where are the handles employed by the promoters? No more pay, no more postings? Have mercy.
Look at all those 13G filings. PIPE Alert. Need cash? We will PIPE for you. I meant we will DUMP for you. Gotta pay rent? We'll dump for you. LOL
Next few days? Next few weeks at best and most likely a couple of more months if they're lucky with the bk court. YES, I do think the stock will be much higher in 6 months than current levels. That doesn't mean there wouldn't be many short term swings in between the waiting period.
Why wouldn't he secure it? After the deal, he runs the company as CEO and chrm. Ya, it will be his money again. Take it out of the left pocket to put it in the right pocket. Games people play.
Volume has dried up. The pump machine must have a loaner.
Green day. You mean the last trade or the price that you can sell at? If you have a block of shares to sell, the bid will be vaporized with a tiny fill and the balance unfilled. Ya, any trader that has loss a few trades know this. And if you have never sold at a loss, then you are either lying or a newbie. Good luck.
Call the CEO in Hong Kong and tell him to stop using the new PIPE. It is drowning shareholders.
Come on, Mr. Big Time CEO. Your first action is to start a PIPE? What kind of idiot are you killing shareholders as your first CEO action???
You're right. If the new PIPE can stop flooding the market with those free flowing shares, maybe the stock will have a chance to float above water before loyal shareholders/traders drown in an ocean of dumps.
No wonder that there is no one to answer the phone here. The company is now in Hong Kong. NOT USA. The address listed on their 8K:
Room 4304, 43/F China Resources Building 26 Harbour Road, Wan Chai, Hong Kong HKSAR
(Address of Principal Executive Offices) (Zip Code)
From 8K: In consideration for his services as the Company’s Chief Executive and Financial Officer, the Company has entered into an executive employment agreement with Mr. Wang, dated as of December 20, 2012, pursuant to which, the Company is obligated to pay Mr. Wang an monthly base salary of USD 1,000.
$1000 a month. Ya, he is going to move STOA into nothingness. You get what you pay for. See his background? VC mover. First action? Signs a PIPE to dump stock for cash. Smart guy. LOL
Look at all those 13G filings. No wonder the market is being flooded with new shares. YUCK. PIPE.
Can't paint the tape with a silly 100 shares for 8 bucks and not expect people not to see right through yaaaaaa. LOL
100 shares at $0.0800 on 15:54:21. Oh, shameful. $8 trade. hahahaa
I think all the folks must be in China. No one here except a rented space inside a friend's office. Has someone visited there office?
I get, "Say your name and we will reach your party," then a stupid voice mail comes on and no calls are returned. Left 3 messages.
Think much less than 5 if they hit it hard.
250M is nothing at these prices if they're using this as a cash machine.
These must be newly minted shares. If they have their printing press on, then all is lost for regular shareholder (unless they plan to hire a pump machine to match the sales).