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The 1.3 million in revenues last quarter is almost double the previous quarters revenues of 678k.
Anytime a company finally becomes net income profitable it is a momentous turning point that probably 65-70% of penny companies never reach.
Last time we were waiting for the full report,stock climbed to over .0024 and at that time there was negative net income,so I expect we'd go to at least .0007 and once we are out of the dog days of summer in a few days,even higher.
And this does not even count the effect of the acquisition of a U.S. company w 12 Million in revenues.
I keep getting error 999 when I try to post to yahoo board last few hours,so feel free to post this message to the yahoo board.
I agree with the earlier post that everything takes longer than expected.There are so many hoops/red tape/logistics etc,like a symphony,but only one run through.
Plus constant pressure of shareholder inquiries-so after 4 years the amazing thing is Bob can still be reached,as some have reported.
After putting 1.6 million of his own money into this(previous filings)Bob had been operating on a thin budget and looking for financing,which he apparently has found,as per all the equipment and activity.
Last I knew only 300 million tradable shares(it makes no sense to issue shares at these ridiculously low prices and financing has already been obtained apparently),and Bob had 2 Billion restricted shares(for his ca 2 million investment w interest plus the countless multi-year headaches bringing a project like this to fruition).
His unannounced apparent financing may have acquired some shares.
You won't find much on the JV Co. because it is a subsidiary created to comply w Mexican law for operations and to meet other government requirements.
Constant bashing on other message boards has the sheep nervous,especially on a typically slow Monday-the last Monday of the summer before school begins again here in the U.S,at which time people start playing the pennys again.
Just a few considerations.
In the penny market,the dog days of summer are almost over,with many on vacation. When school starts(Aug 26 in my area)people start playing the pennys again.
Shorters/bashers have many penny investors brainwashed re dilution
First,there is no known or proven recent issuance of shares and issuance does NOT result in dilution of share price(the important thing) unless Co. issues shares for less than what they RECEIVE IN RETURN.
Dilution of share price only occurs when a Co. in desperate fin condition dumps share below fmv. I don't know what RELM is doing w financials,but I've researched 1000's of pennys w my acct/eco etc degrees,and even if their assets were only 1/10 of what they had claimed they would still be undervalued compared to most pennys.
The recent decline in share price is due to the usual hysteria(created by bashers/shorters)and manipulation by bashers re these things,causing nervous nellies to flee to the next stock,where they allow themselves to become victims of bashers/shorters there ad nauseum, in addition to the thin bidding in the last dog days of summer.
AT .0004/share the Co. would have to issue 400 million shares to raise just 160k.
There has been no such dumping and RELM has no reason to do so,unless their true value is on the order of one ten thousands(1/10,000) of their last claimed assets.
Last I knew they had many millions just waiting to be invested via acquisitions,which would bring a greater return on investment,which would INCREASE share value. Of course,all this goes out the window if there has been massive fraud,but there is no evidence of that either,and if that is your mindset re every penny,you shouldn't be in the market anyway.
Why do people so often blame the CO. or its leaders for delays etc?
Does it ever occur to you that the Co. is not the bogeyman.
But rather outside forces,including the worst business environment since the Great depression(neither I nor anybody else I know can find a blue chip stock consistently rising,so why do you think it would be easier for startups),and the incredible complexities of navigating the maze of negotiations in a foreign country on a shoestring budget.
Ultimately stock falls because nervous nellies allow themselves to be controlled by bashers self interested culture of fear because of their unwillingness or inabiity to do dd,though presently their isn't much independent dd to be done because compliance with reporting requirements is both time consuming and costly for penny Co's,and the Co. is presently concentrating on getting production started,which will speak for itself.
Since people have such short memories,this is one of Cohens mails indicating SGDH would have even greater news soon-I had the impression additional news would be forthcoming this week.
ResearchDrivenInvestor.com
By David Cohen
Today's News - 8/4/2010
Re: SGDH - You have not seen anything yet!
I'm writing this email with your best interest in mind, you have no idea what's about to happen with SGDH
Today was nothing....
Sure SGDH ran up as high as $0.10 representing a 38.4% intra day gain. (This is not what I'm looking for, there is much more...)
I told you that SGDH was going to move, and it did...
....Now you must really follow me closely if you want the potential 200% gains that I think are possible!
Why do I think SGDH can go even higher?
1. The chart does not lie....you do not need to be a chart specialist to see when SGDH puts out news, the stock heats up and runs!
2. SGDH is now receiving multiple purchase orders adding value and revenue to the bottom line. Read the last 3 news releases!
I'm going to leave you with this....
I'm of NO value to you if I don't bring you winners...
I'm of NO value to you if I don't update you on breaking news
I'm of NO value to you if I don't give you exactly what you want..
SGDH has just started and I have not been wrong on this little gem..It has given my readers (3) great trades in the last 90 days for nice gains!
SGDH closed today at $0.08 up 11% for the day, this is NOT the move that I think we could see that will knock your socks off!
David Cohen
Chief Editor
ResearchDrivenInvestor.com
Given what we have been told so far-I agree things don't make seem to make sense,given the info we currently have.
Why would a green technology Co. assume the stock of a mining Co.
I'd have to assume Dales JAGR Co. existed-otherwise the 4-20-10 and 4-21-10 PR's make the formerly touted JV Co complicit/liable for any misrepresentation re the mine,its incipient operation and its reserves.
The now apparently former JV Co. is a huge Co. with a lot of mining experience and operates many mines in Mexico(see their website) and has the shipping and customer base necessary for a successful operation.
Such an experienced JV Co. obviously would've done their due diligence re Dale + Co's books,assets,plant,property,equipment and available reserves.
We can only read between the lines that Dales JAGR and the mining Co they JV'd with had an irreconcilable difference of opinion,as implied by the 4-20 and 4-21 PR'S and the silence that followed.
The bigger question now-what is Green Star going to do w the Co. They are in the business of investing in Co's and thus obviously have special expertise in dd re these Co's. They would have no need to acquire your supposed shell Co.
Why would they assume the stock of a mining Co (let alone your supposed shell, let alone a scam that they could have some possible joint liability for in assuming such a Co's stock etc) and presumably the other obligations/risks,unless they were to continue mining operations-operations that seem to be at odds w their profile.
I've emailed Green Star(via the website referenced in their 7-17 PR)re these questions and hopefully they will clear up the confusion soon-as it is in their best interests to do so.
Your supposition that the mining operation was a scam(the usual cry of shorters/bashers etc,usually without any evidence) is extremely unlikely, in the absence of clear, cogent and compelling evidence (I have accounting and law degrees etc), given the involvement of 2 such Co's with special dd abilities and access to Dales JAGR books,plant, property and mining surveys etc.
Also,the detail and some other evidences from the history of JAGR's PR'S is inconsistent with a scam.
If mining outlook has ceased, it is more likely due to the aforementioned presumed stalemate between Dale and Reynolds Co's or inability to obtain necessary permits or security in Mexico's difficult business environment,rather than through some complicated, difficult to execute conspiracy involving the reputations of Green Star and the very large experienced in mining Reynolds Co. Show me some evidence.
This is my 4th attempt to post a message on this crazy board.
Wanted to assure the nervous nellies the company hasn't changed. They did a reverse stock split 4:1,so I am told, so if you had 400 shares you now have 100,but each share logically is worth 4 times more,so previous ask of .0125 is equivalent to new ask of five cents.
It takes a while for brokerages to post new shares and everybody leaves stockholders wondering-a crazy system.
Don't know reason for the split. Sometimes reverse split is to enable Co. to maintain minimum listing prices, but that is not applicable here, unless they expect news to raise price to the first min listing price for higher boards(otcqx-w a min of .10,but I dont see that as applicable).
People continue to be brainwashed by shorters/bashers definition/cry of dilution.
They imply the Co. gets nothing back for issued shares.
Authorized is not the same as issued,and IF and WHEN a healthy Co. like RELM issues shares,they do so to get a GREATER return on their investment,which STRENGTHENS the stock value-doesn't dilute it.
People also ignore the most basic premise-that until a Co. generates sufficient internal revenue to grow therefrom, it is normal and healthy to issue shares from time to time to enable that growth and thus benefit all stockholders.
We all know RELM is in the business of acquisitions,and will seek greater return on investment from said acquisitions-i.e,get more than they gave.
It is only weak and desperate Co's which dump shares(1.e,below fmv of shares or what stockholders paid or below what the Co. gets in return).
Where do you get this information re A/S?
None of the posts I've seen re this have provided any verification.
Sometimes companies do dump because of desperate financials(such as PMAH recently)but RELM has stellar financials of .08/share,so they have no reason to dump.
It always amazes me that people forget a company gets something IN EXCHANGE for issued shares. As long as they issue shares at fmv or get equal in return,there is logically no dilution of stock price-I say this again below because shorters/bashers have so brainwahed people with their continual shouts of the sky is falling,that people don't seem to understand this EXCHANGE concept. Companies don't just take stock certificates and throw them into the street as a gift.
The last financial report at www.pinksheets.com doesn't show any change in authorized shares since at least Dec 31 ,2008.
They are in the business of acquisitions,includuing AVI,so stock could be issued in exchange for assets acquired in acquisitions-this is a typical reason companies may raise A/S to give them the ability to make such acquisitions and/or to retire debt.
As long as the company receives assets equal or greater in value than the fair market value of the stock,there is no dilution. Dilution is of course one of the self interested cries of shorters/bashers,who hit the message boards of many of these stocks with cries of "the sky is falling" for their own personal benefit at the expense of the rest of us.
This seems to happen when I buy a stock,so I am suspicious of claims of dilution without verification,and there is no dilution unless company sells stock at a loss-and RELM has no reason to do that, as per their financials.
Yes-low float (the last reported 3-31-10) was 40 million.
This crash on 1st and 2nd day of promotion is crazy. Except for one brief dip,yahoo shows lowest price in last 12 months until yesterday was .04,and there has been positive PR each of the last 3 days.
Thus,I would think this would have to rebound in next few days. This is similar to a warrant crash on GTWO(now VIDA) months ago where the guy cashing his warrant shares foolishly used an apparent market order instead of a limit order.
From yahoo and pinksheets.com, Book value(actual physical assets)is eight cents/share,indicating stock is greatly undervalued. Most pennys trade 10 to 50 times book.
Here we are now trading at only 25% of the book value-absolutely crazy.
The companies stellar financials means they have no reason to dump,which is why I bought .So has to be some crazed seller with a bone to pick with somebody at his own loss.
Current ratio(ratio of current cash like assets vs current liabilities)is 4.3-incredibly positive for a penny Co. Debt is relatively minor.
Has positive net income over 1 million-incredible for a 4 cent stock,has 13 million in assets and stockholder equity and only 1.44 million liabilities-also incredible.
And is current info stock,which is good. Many promoted stocks are skull and bones,grey market,no info, or little info pinksheet categories-see www.pinksheets.com
I dont think I've ever posted a negative post before, but Your short squeeze bulletin is from May 20 and nothing happened at that time. If you go to finra.org under orf files, there is nothing unusual about the # shorts on Ecof.
Crazy to double in 2 days upon an PR that I considered disastrous.
Usually when a company voids a # of contracts -esp highly used for publicity at the time ,that is a-bad sign,if not worse.
Then again when it was .40-.52 and multimillions free money hedge fund deal was announced,stock nonsensically crashed. I only have 2 DR. degrees plus degree in economics/accounting summa cum laude, so what am I missing in this alternate universe?
I believe the post re default is in error . The document referred to refers to activity in 2005,a reverse merger or something that resulted in formation of the present company.
Since the naysayers only posted what they wanted from yahoo message board,let me point out I didn't determine Nourtech was a real company by the fact their name was found on google search,but because of the investment report by a supposedly reputable company and why would anybody do an investment report and charge for it on a non-existent company? I didn't buy because I usually find these penny investment reports useless,and I have an accounting/economics degree summa cum laude.
If this is a scam,that would seem to make xplosive stocks.com and the usual business reporting services(which all-the ones I've seen-are reporting this story without any hint of a scam. What is the responsibility of these business news services and investment report companies re dd?
My main problem is that shorters blast any stock that attempts to make headway-promoting a cry wolf culture of fear based in the exasperating unwillingness or inability of penny investors to do due diligence,so the shorters control the penny market via their self interested fear tactics.
I'm still searching for Nourtechs stock symbol so more dd can be done on it in french and english-may be on European or Toronto exchange-can anybody find it?
The yahoo post said:
I don't personally know the SNRS people,so the bashers/shorters may be right in their usual culture of fear-claiming this is a scam(after a while it seems like all pennys are),but it seems odd that intelligent people would execute such a scam with all the attention they have created and the possible penalties.
There is an investment report(which I didn't buy yet) and announcement re the pending acquisition at the business site www.alacrastore.com, from which I copied the following:
Report title:
Nourtech Sarl acquires Sunrise Consulting Group Inc (pending)
from Thomson Financial Mergers & Acquisitions
published Jun 03, 2010
Price $36.00 available for immediate download
Report Overview
About Thomson Financial Mergers & Ac...
US - Nourtech Sarl of Drance planned to acquire the entire share capital of Sunrise Consulting Group Inc, a Newport Beach-based investment bank, for USD #. ### per share, or a total value of USD ##.### mil.
Acquirer: Nourtech Sarl
Acquirer Business Discription: Investment company
Acquirer SIC Code: 6799 - Investors, nec
Target Name: Sunrise Consulting Group Inc
Target Business Description: Investment bank
promoter David Cohen says very big news due out on FRDM today or so and predicts will eventually go to .24. See the yahoo message board posting. Has been near a record low of late,so hopefully can only go up.
RDI(see below) is doing a 6 week promotion on HDUP:
"(HDUP) & (FRDM) Shareholders! Read Details....?
From: success7777@aweber.com on behalf of ~ David Cohen ~ (info@researchdriveninv.com)
Sent: Mon 5/10/10 4:20 PM
Important Email for all HDUP & FRDM Shareholders!
If you need to write this down and stick it to your computer screen do so, ok...
HDUP - I started my profile around .075 and the stock has made two moves to around .09
I told you that my goal is short term it's a clean double. I said at least 30 times, give me at least thirty days.
I anticipate a major move to happen within 48 hours. You can do one of two things...
Take advantage of this cheap stock, or...
Sit on the sidelines and thank me later this week. The choice is yours. I know what I'm doing...
Bottom line: You have to put HDUP in your portfolio, give me 10 - 15 days and then look where the price is then."
Here are The Dean's Penny Stocks to Watch for April 28: $PMAH... PlasmaTech Inc.
(OTC: PMAH.PK) $0.059 -4.84%. This penny stock traded 5 times its 3 month average volume yesterday and The Dean thinks $PMAH could rally today.
Editors note:i.e., if weak sellers learn how to play the game-otherwise,why invest at all?
Weak sellers-it seems they never learn despite the headsup.
Based on the pattern of the Deans promotions(i.e,other companies poised to promote the same stock) and his indication of a second large catalyst,I expected -and it may still happen-that one or more other promoters would promote PMAH also.
The last time PMAH was promoted to my knowledge it jumped from 10 cents to thirty four cents.
Promotion and good news-and stock already lower than yesterday-makes no sense. I'd like to play poker with these weak sellers-just not on the same team. If you cant make money in situations like this,how can you make money at all?
One company will promote a security stock tonight(PMAH is a security company now-website says only domestic level 3 security approved by NSA(U.S. Govt).
PMAH is the Deans new honors pick-his emails say this will be more than a one day ride and should be 70% price rise-so hold on for a good asking price-more catalysts to come.
Did you see the 2 large buys(at least TD shows them as 2 single large buys,but sometimes conglomerates near time transactions)of 600,000 toward end of day and 2,000,000 at the close. Maybe somebody knows something or has discovered the stock or news is coming.
Bashers are creating the culture of fear which is destroying the OTC market,knowing most penny traders are either unwilling or unable to do the necessary due diligence.
Willy Wizard is about the only honest promoter I know and he was promoting and buying VGPR before his heart attack this year-and he/his staff-being professionals,have greater ability to execute due diligence.
I often watch a stock for months before buying and waited many months for VGPR to drop to a 3 or 4 month low of .007-just days after it was .014.
The annual statement has to be read in conjunction with the quarterly statement filed at the same time,as I did with my accounting/economics degree summa cum laude as probable de facto valedictorian of my academic university.plus law degree. Bashers only seem to have a degree in terror/fear-preying on peoples ignorance.
The reports clearly state development-not shell company and report employees.
Assets of 2.2 million,including 2 million from the acquisition,minus the liabilities, divided by 401,438,000 shares(as of 12-31-09) is book value of .005/share,as reported by yahoofinance's key statistics.
It is always easier to destroy than to build-witness the World Trade Center.
Bashers(including the paid bashers paid to bomb a stock so their principals can buy cheap and take over the company etc)are just another form of terrorist.
There are no guarantees but why would a scammer(basher's favorite cry on every targeted stock)unnecessarily go through the additional scrutiny/steps to become a "current info" Co.,as VGPR IS.
Probably over half of pinksheet Co's are in "skull and bones(many of these are shells promoted by newsletters),grey market ,no info, or limited info" categories,fully detailed on pinksheets.com,where you can research as much as you want for free.
I think you are all forgetting something.
Penny stock traders seem to have the attention span of a gnat-a new generation that lives by tweets and text messaging.
Last weekend Penny Stock Chaser was in NYC meeting with ATTD and their backers in preparation for ANOTHER promotion of ATTD.
The only way to make money in this tough market is to own a stock BEFORE a promotion.
Many times a promoted stock is gapped at open and nobody(except those who already owned the stock)makes any money.
Since many live by the tweet,below are examples of multiple tweets(pulled from a post on yahoo but I saw the same tweets by PSC) just days ago signaling upcoming ATTD promotion.
As reported by another post:
stockchaser Members will be tripping over themselves once they see the deal we strung for the restructuring of $attd. about 4 hours ago via UberTwitter
stockchaser we have a hell of a game plan for $attd and our members will be very happy once this stock soars. about 4 hours ago via UberTwitter
stockchaser As per earlier tweets we are in nyc talking to the hedge behind $attd.
As noted in previous postings above,annual report was filed. Many companies I'm following have not filed and therefore have been downgraded to "limited info status"--see www.pinksheets.com.
As with many startups, much of salaries are paid in stocks and yet there has not been dilution of book value.
VGPR has "current information" status,which is good(I think ca one half of pinksheet companies are below current status-and yet many trade for over 1.00. Many companies promoted by stock newsletters are "skull and bones"status. Again,see www.pinksheets.com
And many are shell companies.Eg, BGBR,promoted right now at ca 1.27 stock price, as per its annual is a shell,has no employees and no real operations expected this year.
In contrast,VGPR is not a shell,has joint venture partners for their Brazilian and China projects(which,esp re Brazil,should bring revenues at some point),and is seeking private venture capital and state assistance in getting the Georgia plant constructed.
They already have agreements to sell product from a Georgia plant. Europe is ahead of the U.S. and urgently expanding their alternative energy sources for environmental and national security/energy independence(vis a vis OPEC and other unfriendlies who would dictate their internal and foreign policy).
Also,VGPR still has incredible stock value because book value is the current trading price of .005.
Compare book value of other penny companies(see yahoos "key statistics")and you will notice most trade many many times above book value-sometimes hundreds of times book. I've seen penny Co's with negative book of up to $15/share and yet trade at ca one dollar.
Yes,they,like almost all pennys,could do better at providing info,but they are better than many at doing so.E.g,JADA hasn't had PR since December,promoted STDF since Feb 17 etc.
In answer to the following question on another board: "Well, what's with the volume increase?" 45 minutes ago
Volume increases usually precede price rises.
I'm not sure I understand the unusual financing via 19 million in notes (3-19 PR)but it gives them incredible stats, as per their unaudited financial statements(released early-in Feb-a good sign)
and,as reported by yahoo(key statistics)incredible price/book of .01(meaning stock price is only 1/100 of book value(incredible good thing-only seen such ratio this low once before(NWMT),
no debt (extremely unusual for sub-penny),excellent current ratio of 6.9(current assets exceed current liabilities by 6.9),book value .086(share price only ca .0011 now),reasonably low float ca 90 million,reported net assets of ca 56 million(excellent for any sub-penny)and reported available financing of 15 M via unissued notes(not stock).
Re greatly undervalued, go,e.g,to yahoofinance.com. Under key statistics,they have such items as price to book and value of balance sheet expressed as price/share. Look up many of the stocks and you will find a negative book value/share,despite stock prices of 1 dollar or more. in vast majojority of cases,stock price significantly exceeds book value. Net assets divided by # shares equals book value /share-the assets owned by each share.
E.g Ford(F)has a negative book value/share of 2.33/share(with 132 billion debt) and yet the stock is around 13.50/share.
I have accounting/economic/law degrees and in my search for undervalued stocks I have researched many hundreds of companies and run hundreds of stock scans.
On average I'd say most pennys(unlike VGPR)are pure speculation because they trade at scores-sometimes hundreds of times- book value. I've only found a couple handfuls of stocks where share price is book value or less and those stocks often don't have enough volume to trade.
The last listed short on EWPI is 125272 shares(regsho.finra.org).
A significant % of Fridays total vol of 550000.
Many newsletters put out a short squeeze alert last 2 days,but so far weak sellers have muted what could be a repeat of the recent .95 high,especially given the extremely low float and only 2.8 million shares outstanding(yahoo).
Will the much awaited squeeze occur today? Will the babies awaken from their deep sleep or their coma? Stay tuned for the days of our lives. Will we live to fight another day?
Received the following from stock promoter:
From: success7777@aweber.com on behalf of ~ David Cohen ~ (info@researchdriveninv.com)
Research Driven Investor
Features: Penny Stocks, and High-Growth Opportunities!
FRDM is now trading at .22 per share.....
Watch what happens at 2:00PM today...
Then watch what happens by Tuesday of next week!!
If this this stock does NOT double in price I want you to unsubscribe from my list and call me the biggest clown on the planet!
You have 1 hour to get in there and take advantage of this cheap stock, then thank me on Tuesday
Last time I alerted my readers it ran to $0.37 within days...
I predict some huge coming within 2 days..(WINK....WINK)
Bottom line: FRDM could climb 300% - 500% over the next 60 days. Get ready to add to your position daily.
If these ridiculous posts are the direction the country is heading,I/'m moving to Haiti to wait for the next earthquake. Many companies file a notice for late filing and I'm following many of them. None of them have yet filed but they have until ca April 15 to do so.
Remember that the great majority of penny stocks are not SEC reporting at all and many don't file any SEC reports and some don't even file pinksheet reports.
Most pennys promoted by stock promoters are not reporting Co's and many are skull and bones rating.
VGPR IS A TRANSPARENT(current info category) company. Instead of letting the bashers promote this culture of fear and asking basic questions ad nauseum,do the research yourself at www.pinksheets.com
Insert stock symbol at upper left box .
VGPR is greatly under valued-trading at book value. Most pennys trade scores of times book. They already have contracts worth millions because Europe etc needs these oil substitutes if they don't want OPEC/Russia dictating their domestic and foreign policy.
See the posts at the yahoo message board. VGPR was .014 recently and had not been below .007 for 3 months and there's no logical reason for it to be below .05,compared to other pennys.
Some have posted concerns re the Co. following yesterdays drop-such drops are not that unusual and stocks often rebound. See gtwo for a recent example.
Penny stocks operate in an unnecessary culture of fear resulting from ignorance of or inability to research info sources.
I have no inside knowledge but do have accounting and law degrees and have skimmed the April 1,2010 97 page annual report(most pages dealing with 2006 merger that created the company)and have read the Houston attorney letter received April 8,2010 by pinksheets.com confirming the annual report(financials are typical for a penny Co. and over 1 Million was spent in operating activities last year) and that it was audited by a CPA and gives address etc of the attorney,CPA and the transfer agent.
There is no reason to doubt the attorneys letter.
All this and more is available to anybody at www.pinksheets.com.
Co. website is www.echosatcom.com
Right on brother. Seriously,if non-shorters can't take advantage of a situation like this we should not be in the market at all. Opportunities like this are rare.
I've run over 100 stock screens and the only opportunities that appear are a few pennys like this. Even Walmart fell on its recent annual report and lost about 2 billion in one 3 month period.
A relatively new stock(a good thing)with a buy-in to millions of high margin pharma profits(I used to catalog pharma margins of over 90%), very low float and only 3 Million shares outstanding (yahoofinance.com).
Will the non-shorters resist manipulation by the shorters/bashers/market makers today?
This stock exploded ca 10 days ago from .14 to .71 in one day without a promotion!! And has recently been .95 and now has a much stronger base than .14.
Posts on yahoo berated the "babies"(weak traders that let shorters manipulate them)for selling cheap all day despite the perfect alignment for a massive price rise to the recent high of .95.
The following was a response to and in agreement with those posts.
Yes,despite the perfect setup for a massive price rise-massive short squeeze alerted by at least 5 newsletters and rapid fire press releases(a sign of present or future promotion)and despite being forewarned,the babies/weak traders let the shorters cheat them at cheap prices all day.
Opportunities/perfect alignments like this don't come often.
Hopefully, if the babies learn their lesson,the short squeeze will manifest tomorrow. Remember and research LYJN's rapid rise from.02 to .17 on a similar massive short squeeze.
Pennystockjerk.com laid it all out and showed the massive # of short shares on this stock.
Shorters buying early was obvious but apparently many short shares remain and will be put in play tomorrow.
There is only upside on this stock(with extremely low float etc.and extremely profitable pharma ) unless the babies totally panic-- so learn people.
Short Squeeze Alert!
Many newsletters were alerting re massive short squeeze on EWPI today-similar to LYJN few days ago-when LYJN jumped from .02 to .17 in a few days due to shorters being forced to cover. In this economy many are taking the easier lazier road of shorting and then they heavily bash the stocks to get their way.
Non-shorters need to wise up and not play into their hands,as the following news letter notes. If weak sellers dont succumb to shorters tactics EWPI could easily surpass its recent high of .95.
One Newsletter says the following:
Right now we are looking at a massive short in EWPI and I mean massive. I am about to prove to you exactly what has happened almost over night. You will see the numbers for yourself right from the government website that reports on shorts every single day with the numbers. It is hard to believe but it is an absolute fact.
The tactics that shorters use to freak you out making you hand them YOUR profits out of panic and fear is nothing less than shameless. We believe it is a sin of the highest proportions. Just recently we watched one of the largest shorts we've ever seen get their asses handed to them, again in just a few days. I am sure it wasn't easy but the people stood up to them and won short term. Massive profits were had by many that day. Look for yourself.
The following day is Apr. 24 when all hell breaks loose and the stock trades 312 M shares. Holy Cow it goes from 8cents all the way to 17.4 as investors cash in their massive win. Here is the short that day, 20100324|LYJN|73606893|309541081|O. 73M. Unbelievable. As you can see, amazing money was made in just a few days. The newsletters fought back hard. Truthfully I believe almost everyone was praying for them. I know we were.
Now time for EWPI and it's short.
The first real attention EWPI received was on March 22. A small alert on the company by one newsletters sent EWPI soaring over 200% mid day. The stock traded over 2.4M shares that day. Early in the evening we waiting for the short report to come out because nothing made sense. Things weren't adding up.
03/17/10 2,399 0.330 0.241 0.241
03/22/10 2,486,366 0.950 0.250 0.661
Take note the stock went to 95 cents and then for no real reason tumbled to 66 cents. Something just didn't add up. Profit taking a day trading were some of course but not that much in our opinion. Here is Finras report for March 22. 20100322|EWPI|1021652|2480278|O. Remember this is the first day of any real volume and over 1 M short already? This is absolutely insane. Even we started to freak out. How the hell is this being allowed we all ask?
Here is more recent activity as of this week.
04/01/10 118,600 0.490 0.435 0.480
04/05/10 473,380 0.620 0.470 0.620
04/06/10 3,851,474 0.940 0.680 0.716
On Apr. 5, 20100405|EWPI|254239|473380|O, half the volume was a short. Amazing. Imagine how much was stolen from traders? April 6th EWPI moved up in spite of heavy pressure, here is the short, 20100406|EWPI|1494499|3580862|O
again nearly half of the days volume, 1.49M shorted. Today they continued to freak out the traders and the stock fell 31%. The report is out already, see for yourself, the stock was shorted again nearly half the volume, 20100407|EWPI|878266|1697407|O
http://regsho.finra.org/FORFshvol20100407.txt
Interesting set of circumstances, supposedly there is a 3 day rule. It hits tomorrow. Will they get handed what they need to cover? A short squeeze can happen if traders do not hand over their profits out of fear. If traders take advantage of cheap prices amazing things can happen almost over night.
We are pissed! We are sick of this shorting practice. Unfortunately NO one does anything to stop it. We watched for the past two years as hedge funds and others shorted the hell out of the big board stocks, you will remember the shorts on the banks. It was so bad that the Gov. stopped all shorts against the banks and financial institutions We are asking one big question here, If they could stop this shorting on banks then why not everyone? Make this practice of naked shorting ILLEGAL. Stop the theft. Do something about it SEC, FINRA. America will not survive as long as people think this is ok and these Gov agencies who are supposed to protect the people over look this practice. NO one would do it if they faced massive fines and jail. It should be theft for counterfeiting. That is exactly what it is. YOU cannot sell something you don't have!
On to a more positive note. We think we can win big short term.
More Amazing News Was Released After the Market Close Today
Emerging World Pharma Inc. Continues Its Investment Into Generic Drug Manufacturing in Developing Countries
http://finance.yahoo.com/news/Emerging-World-Pharma-Inc-iw-870230073.html?x=0&.v=1
The timing is perfect. Some shorts will cover for sure. Everyone should be on high alert and watch EWPI like a hawk.
To get right to the point, this matters most, EWPI is just starting to feed us with good news. We like this company for many reason and probably the number one reason is people. So many people die when a simple antibiotic could save their life. A malaria drug could cure them yet they die because they do not have the lifesaving drugs that we in America take for granted. As we said before this is a billion dollar under-served market and EWPI appears to have their finger on the pulse. We also like the fact that the Catholic Diocese will be at the center of this deal. The humanitarian effort is something they know well. Right now we will continue to follow EWPI as this company tells it's story.
Look for good news. We are on EWPI like white on rice.
I don't know why this is suddenly falling. At these prices,compared to similar junior mining Mexican start-ups,once news of imminent production comes ,this could be 20 bagger or more.
Bob has over 1.8 million of his own money riding on this project.
Delays are common in negotiating with the maze of Mexican authorities.The similar JAGR has also experienced many months of delays due to the nature of business in Mexico but once news of a breakthrough came ,JAGR stock jumped from .01 to .10,even before production begins,and now they are in another waiting period.
The market is tight in this recession. Even Walmart lost 2 billion in one 3 month quarter during this recession.
ECOF was trading .40-.52 when they had no land or carbon credits.Then when January press releases re purchase of land and carbon credit contract with a major hedge fund came out the stock crashed on low volume instead of jumping as it should. Apparently the investors had no idea what carbon credits or a hedge fund were(reacting as if they were poison), for this made no sense. This carbon credit contract was millions of free money on top of the renewable resource.