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yea they don't work for free. I'm curious how their payment is worked out between them.
So wonder how many billions of shares need to be dilluted to pay for this.....
Surprisingly high volume for a friday plus going into a long break.
It looks like we are in for another day of the 8-9 shuffle.
In my honest opinion I think it will only take this back up to .0025-.0030. I think investor confidence has been hurt. What I will say is it will give us a strong base to build off of moving forward which is good for true longs.
My bad Bux everything changed immediatley following june 30th. The company is now ran by a business expert. They have tons of revenue and the whole philosophy of the company changed. They have gone from losing 6 million from its inception to the next great thing. They have executed everything they have been planning to do the day after the 10Q was released. You guys crack me up you think that everything just magically fixed itself.
Show me in a PR where he said that?
Lets think about the reduced A/S theory. Why would he go raise it back in June to reduce it a couple months later? How far can he reduce it when he has obviously been dilluting even you have agreed to that fact. He isn't going to reduce it to the O/S as that wouldn't leave him any room in case he needs to for an emergencey. It makes absolutley zero sense to reduce the A/S.
I'm not saying stocks should have no risk. I am saying you guys act like this thing is the next microsoft. Go to every board today and they will be saying we are the next INOL.....guess what your not. Only 1 out of every 100's of pink sheets will be an INOL.
This company is still backed by the Big Apple which was supposed to be gone. There is no fall schedule which was supposed to be announced at the meeting. The Picasso has never shown up on the books as being held by them. The deadline for the deal to be done is approaching and they don't have the money on the books to execute. They don't have enough shares left to finance it even with a full dillution. Yes they had 750% gain in revenue, but they lost 2 million dollars in doing so.
And I'll end on my favorite quote from the 10Q
"The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company’s future is dependent upon its ability to obtain financing and upon future profitable operations from the development of its new business opportunities. The Company’s financial position and operating results raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. " Eugene M. Egeberg, C.P.A
So your banking on a major network picking up a show no one has ever seen and has no sort of history of being a classic? Puff the Magic Dragon is an easy sell everyone has heard of it. Rhupert.....thats a different story. I think you all just assume that someone else did it so you can without comparing what you have versus them.
Do you know all these great things you keep preaching are going to happen? NO! I have history on my side which says exspenses are on a trend of increasing faster than revenue. What history or facts do you have to support that any of these endevours they are a part of will get completed? A sales agreement that they can't reach the terms of? By the way it will expire before their revenues could pay for it.
Only if Exspenses are halted....which we know that isn't happening.
At these prices it is impossible to raise the 2.5 million it would take 12.5 billion shares. So unless they plan on doing a R/S they will not be able to raise the captiol through dillution. Even if they sold them all at .0003 it would be 8.3 billion which once again is impossible. Not to mention they have been dilluting to pay to keep the lights on. Bottom line is the hold up on the Picasso may be they don't have the money to buy the picasso or keep the lights on.
HAHA like I said they don't work. You can spin it and say they did in hindsight and spin it and say that was one scenario, but the bottom line is their is no way to predict a penny stock. Look at INOL someone tell me where a chart said there would be a 3000% gain today.
I said it before and I'll say it again charts don't mean squat in penny stocks. Ryall you should know that your charts very often don't match up here especially since the 15th.
And T-Trades......
I'll take that close. We had decent volume today and a nice last half hour of the day.
Your comparing apple to oranges. INOL has a test that will be used worldwide by millions of patients. This company supposidly has a piece of artwork that they can't sell and is being bought with a shady agreement. They have an art network who has not released a fall schedule, and is in a market that is not that desierable. They have a sports memorbilla side that has an ok prospect, but even that doesn't have near the upside as a biotech. Sorry there just isn't anywhere close to the same oppurunity here. Plus the Share Structure here can hold this thing down on it's own. This thing is dilluted as hell and only continues to get bigger.
looking at trading today it seems that volume is good with good size buys. i would be somewhat worried about some of the larger sales at 2's. we will see how the last hour goes, but the key is going to be A/H I think it may be set up for another large dump of shares.
MM's do not have to say what the actual bid or ask amount is on over the counter stocks.
.....well not as bad as normal.
A slot machine is holding you down? looks like you made it past close safe as far as the 100 down tick. The next questions is will there be T Trades?
That is what the financials said, but that was then this is now. They have opened more branchs since then and money may be tight and we don't know how much it cost them to use such a large and respectable firm. If they have to pay for the financials they have to deliver payment before recieving those financials and therefor have to pay somehow, most likely through sale of stock.
They would probably love to sell that stock for more and sell less which may be what that fluff pr was right before expected release. It did not have the desired effect so they have been selling since. They have been careful not to tank SP, but have sold at calculated times. If you look at the company info for BPSG this all makes sense as they are supposed experts at small business financing.
This is all my opinion based on the behavior of BPSG, Prior, the SP, and the lack of information. It's what makes sense and is not to farfetched.
I will be as bold as to say that the day Bpsg is completley gone and the price rises above 11 (as I believe there job revolves around keeping it around 9 and 10) will be the same day auditied financials are released. I am confident that the connection is not coincidental.
either way I think the lack of communication is by design to move shares in order to pay for the audit which undoubtablly is exspensive. I don't see what he would have to gain by name dropping a accounting firm if they weren't really doing it outside of a SEC investigation and a lawsuit.
I am starting to think BPSG is selling to pay for the audit. I think that the audit will be released once the selling is done. Prior can not tell us the public this untill after the fact as to not effect the SP.......that is just my only logical reason as to why we have no been updated as to why they aren't released. It would make sense as to why you see BPSG at certain points on the ask, but never the bid. They let the price stabalize for a bit then come right back and sell some more. We know there is no more dilution, but this is obviously selling of the last set of shares released into the public.
yea and an R/S could be a very costly move. I'm not sold that a maxes out A/S won't mean a R/S and repeat. Like I said it's an artist running the show not a savy business man. If you look at EV's past track record with this and other companies you will see he doesn't have a very strong showing. I still think if there is no R/S then they will use Starfest's IPO to fund this.
It looks like they will use an IPO to fund ARTS through lending from Starfest once they max out the A/S here. I just plane and simple don't like EV. I would be more then happy to throw a few k at this if we had a business man running this and not an artist.
here come the 100 trades
As most of you who frequent here know I am not a fan of this company or EV. What I will say is at .0002 I am tempted to jump in. My honest opinion is assuming a maxed out A/S and very conservative estimate of future revenue this is a relativley safe bet. Even if this goes down to .0001 and you bought at 2 thats the worst you can do as I don't see the company going belly up in the near future. My overall take is down here it is a great stock if you only want to ride it to .001 range. After that you are playing with fire untill we see some actualy results.
he has to before this hits .0001
That would explain why it moved down after a 650k buy. BPSG is walking this down as they please.
Up to their games early this morning
Well I'm glad the spread has closed a bit and to the higher side pre market. When I first got on my account and saw it at 6 and 12 I was thinking it was going to be a long day. now at 9 and 11 I'm thinking it will just be a long week....
Thats better than a couple hundred millions. If it is dillution it will be big it won't be a couple million.
well I was wrong again, but atleast it wasn't hundreds of millions....
Well I was half wrong it closed at 2, but atleast not millions of t trades just 400.
I'll take it as a moral victory....
Maybe they will spare you today and not drop you to 2 with 1 second left then hit you with a couple hundred million t trade......
I'll take that then getting down ticked to 8. these MM's can do crazy things.
Na he wouldn't have mentioned them in the last Pr. He would have just acted like it never happened.