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This is without a doubt one of the best supported stocks out there. To take a hit last week and rebound without news...nice.
Glad I stuck around...didn't think it had hit bottom on Tuesday, but well..guess I was wrong....nice turnaround!
pennyland is all but guaranteed...the question is if/when one of the whales will jump ship like last time....
So I guesss that no one has any news re: Mack...
On one end, it could be because he realizes the potential and that he is not getting enough considering the whole thing is based off of his relationships/contacts and know-how.
On the other side, if a prior poster is to be believed and he has not been paid to date, then the issue may simply be wanting something upfront before moving forward.
Or it could be that he is not happy with the lack of progress and wants to renegotiate for control (probably money as well) to make sure this gets off the ground.
Any of these or any combination make sense to me.
Now that LeBron James has decided to join the Miami Heat we can focus on whether or not Mack decides to stay with SRE/SYNJ.
I would think that the negotiations would not be too prolonged....
Anyone think that the issues in the last pr are smoke-screens, lies to push back our expectations?
Just My Thoughts
Since everyone else is either venting or telling their opinions, I am going to share mine as well.
Someone else stated, as if fact, that Mack has not been paid to date. If that is true and considering that Mack, as we can see from the video, is the real deal in the alt. fuel arena I can't imagine he would stick with Brian and his wonderful personality if there wasn't something real behind SRE/SYNJ.
Mack too needs SYNJ/SRE to succeed. Mack, from the video, is trying to push his own alt. fuel idea around the world but he needs to show that he has DONE IT before. Getting SRE operational, usinng Methes or his method, would be a way to show what he can do and has done recently.
So they both need each other IMO, but, if it is true that Mack hasn't been paid, then that is a)silly for Brian not pay the guy, and b) not a good sign that they will be able to work it out (I hope I am wrong on this piece)
I personally am waiting to see if Mack is going to be onboard going forward or not. That is the whole show...
IF Mack is on-board then we KNOW that this is going to fly...why?
1) Mack isn't going to "waste" his time anymore. That is clear.
2) Brian isn't going to pay Mack for nothing. At least the one thing we know about Brian is that he is tight with money. Can't see him giving Mack money now for nothing in the future.
That is the same rick as the president, as it is the same one that posted the photos in the photo section. Unless someone was able to create another "rick" account.
'rick' is the president of BCND...whether it is mumbo jumbo, I leave it to each of you to decide....
Not much of a communication/new information, but considering the limited information we are getting from them these days, I figured to let people know..
All right...so the reason I did not post it is because there are a string of posts between Rick and myself.
Go back onto the Public Relations website, then"
Look under the section "Unmoderated Forum -- This is where you complain about our management."
Then look under the sub-section "Progress"
Essentially, Rick takes me and others to task about being "arm chair quarterbacks". I then posted a few of my thoughts and he then replied.
He is at least passionate that the company is doing a lot....
At a minimum the video posted shows that Mack is the real deal, knows his stuff. That he wants to make it work, under whatever circumstance, with SYNJ speaks volumes to me.
HOPEFULLY, both parties can get together on a deal to keep Mack involved...
It is not over yet!
I think we get a PR next week...and blue skies from there!!
Great job....
Good volume again....and stock held.
I was really curious how the pps would handle two days without a PR. Yesterday was expected reaction from people back from vacation....today was the strong indicator (IMO) as to whether .003s was the base, and we can now see that it is....
A good PR from management, not even a great one, and I think that this moves up to .005. The real question is whether or not it can hold at those levels...or will it quickly fall back down.....
If it holds at .0005, then product launch takes us back to pennies.
I think the key is avenues to sell the biofuel. Keep in mind that Mack is working international and governmental angles whether for SRE or MEG....that could mean potential sales routes that the average biofuel company would not have access to....
Rick posted last night....on the beacon board. I will let someone else post it here....
thanks!
Nothing much..just that the company exists...that is enough for me at this point...
Thanks for the guidance.
Here is a question...has anyone found anything about the Chinese company? Forget the man himself, I couldn't find anything on the company. It could be that it does not have a website of its own, but no mention of it online is a little surprising.....
How do you know what you are stating? How do you know that Mack has not made a dime to date? Or is that also what you think?
Just curious....
Let's be real
This company is on the precipice....no other way to look at it.
If they lose Mack, they lose the know-how and South Carolina relationships.
If they blow up the escrow too much, they could lose the $5M as HSBC may not like the changes. I would also point out that if Mack and Peter are not part of SYNJ, why would HSBC support SYNJ?
Meanwhile if everything gets cleared up, this WILL explode.
Thoughts on the PR
After the frustration/fear subsided I re-read the PR.
1) They PRAISE the heck out of Mack.
Why is that important? Well, if Mack is re-negotiating and they thought that what he is asking for is unreasonable or they did not want him around they would use the PR as a way to acknowledge the issue (which they are legally bound to due because of Mack's title/role) but also downplay his role/importance to let us know that the project could continue without him. Instead they make it clear that he is the "point man", "principally responsible for the overall development activities, time lines, strategies and key contract negotiations". By telling us that he is the point man they are clearly stating that without him, this thing is DOA.
Unless their goal is to walk away from it, which would equal MILLIONS of dollars that they would all lose, I think that Mack stays on.
2) They are not happy with Peter
They put the ENTIRE escrow issue on his shoulders and blame him entirely. "Mr. Katzburg was solely responsible for personally endorsing, developing and aggressively encouraging the Board of Directors to agree to the transaction." I wonder if he is still on-board with the company. This is where it gets tricky for me, because they linked Mack and Peter together and I don't know why you would do that if you liked one person but not the other...!?
3) Maybe we don't have the money?
"The international banking arrangement is being issued by HSBC Bank, London". It could be just a wording thing, but if we have the money, shouldn't it say "was issued"?
Mack can't tell us anything as he is in negotiations.
Brian is inaccessible.
You wanna talk to someone, the only person I can find is Mark Solomon, but I already called him a few days ago, so I leave it to someone else to do it this time.
Call him at:
(954) 463-6755
To anyone who is shocked by today
1) Volume was actually good. Not over 100M but also not below 50M.
2) Downward trend was to be expected as many people who know nothing about the company or have been in a long time get out after the holiday to either stop the damage or retain what they can of their profits.
3) The financial report did not boost confidence...that is just a fact.
4) Stratton's "history" makes it hard to trust him....
Now, give that until the first release...once the first release occurs and people see REAL product, and the stock will begin to find REAL support.
Until then, load up and enjoy the drop even if you are underwater. If you bought at .01+ you weren't going to recover your money for a while, no matter what.
Buy shares..lock them up and be patient.
Dilution is such an over-used explanation for why large volume doesn't move shares up.
Supply vs demand issue right now and, while I like the idea of Eric sending a letter, I don't think that will do a lot. PPS is trending down for next two weeks..until deployment. It will then pop a little and slide down after Q3 numbers. Q4 is when the stock will have real support.
If you put money in escrow and signed an agreement, you get the money.
Now, they could be challenging certain terms of the escrow, which may also put a lock on the $5M, but they have the money. The question that we need answered is with whom is the issue?
If the escrow issue is with HSBC, then the $5M is at risk whether we have it or not. IF the issue is internal and regarding how Peter handled the escrow then we have the money, the bank is not involved and it is all internal impact.
We need clarification on this and other matters.
CALL CALL CALL CALL CALL CALL
WE ALL NEED TO BE ON THE PHONES CALLING THE BOARD OF DIRECTORS!!!
They need to know that this is not acceptable information. It is incomplete and entirely reads of "see you later"!! They need to clarify what the hell is going on.
Bitching about this on the iHub board isn't going to get us anything. By talking to Mack and Mark we got the PR, granted not what we wanted to learn....now we have to push for clarification...
I would again focus on the Board of Directors. Mack can't say anything as he is in contract negotiations and could probably care little about our needs right now.
They still received the money....they are now disputing the nature of the escrow. I wonder if they lost faith in how Peter was handling the escrow......
Positive thoughts
1) We now know who gave theme the loan, but one question....what does HSBC and London have to do with Madrid???
Overall
Well....this is not a good thing at all....if this is the final chapter, then this is over...without Mack this is not happening.
CFOs are great, but much easier to replace. A guy like Mack and his connections are not so easy to replace, if at all.
No Mack = No future for SYNJ
IF the FLD team is buying...over the next few days, volume should decrease with increased pps....
Otherwise, MMs are going to have fun here!
100% agree....but, if you want to assess the potential pps, I look at all avenues of revenue as the real tale of the tape.
the value of being in NOW is that we are at the bottom. Stock, IMO, will be trading at between .50-.75 by year end.
Good point, that is only the Stratton Mobile revenue projections....
There is a lot more that Stratton Holdings is working on...let's not forget the real estate....
All that being said, I still say that this is pushed down further until software release.
What i think the company is worth??
10 applications x $3 per purchase X 100 purchases daily = $3K daily revenue
350 days X $3K daily revenue = $1M yearly revenue
This is for 2011...assuming:
1) They really have applications
2) The applications provide quality services
3) They are able to hit all markets
The bottom has not been found yet....day one of a slow walkdown to trips or very close to it....
no...the fact is that news that they have purchased the warehouse, finalized terms and made at least initial payment for the denamis would send the stock soaring regardless of the 6B shares.
It is not a scam. Poorly managed/executed For what little i know but not a scam.
WOW - GOOD JOB BOARD
Nice bounce back and way to end the week!
The turnaround on this may actually have been shortened by a week or two!!
Happy 4th to everyone!
Or someone willing to sacrifice a few shares to drive price down to pick up a bunch a shares a basement level prices....(i.e. trips)
Key thing now is that volume is low....
UPDATE: Never mind..22M shares before 10am...not a good sign
Worst case scenario is that there is going to be at least one more pump this year out of the trips.
I am holding out for that...but hoping for the best case scenario...
Okay, so let's think logically here....
1) Enough of the crap about this being a fraud company. They are filing on a quarterly basis...not the sign of a POS.
2) They have not pumped anything...just told us what they are doing.
3) Q3 filing should have revenue numbers once the application is on the market. Will it be huge numbers, not likely, but hopefully, considering that this is obviously not a large company, they can breakeven versus red.
4) Other apps and versions multiply revenue streams create positive balance sheet by EOY / Q1 2011.
5) Stock price with only 750M shares would definitely bounce back...OVER TIME....assuming all the things I stated happened.
1) There is no news tomorrow
2) Even with news, there will be heavy selling/flipping that this won't move more than 30-50%, at best.
This is not seeing .01 for a long time....
I have called, emailed..no responses from the company...anyone else?
Rule 101 of penny trading.
Don't buy into the hype and don't chase.
If your entry point is over a penny it will be while to turn a profit. Best bet is leverage down and flip when you can.