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Hello all...got myself a rather small position at the ask. Glad to be on board here. Ready to watch where this goes. Pretty excited about the SS and everything lining up.
Hello all. First time discovering this board today. Relatively new trader here. VERY interested in learning as much as possible. Soaking up info like a sponge, also looking to shorten my leraning curve and reduce the "error" part of trial and error by latching on to the coattails of those who are where I'm trying to go ... i.e., knowledgeable, level-headed, successful traders.
Look forward to monitoring the board as my limited time allows.
Time to start counting me some beans!!!
wow, no movement at all today. waiting for friday?
Hello all...new to BCCI, bought a small position just kinda on gut feel Friday during short trading day. Have been reading more about BCCI, still doing DD, thinking about freeing up some funds to add to my position here.
Just wanted to say hello to all, and I'm quite interested in watching this company.
Really? Do I? That's a very general and incorrect statement. Feel free to back that up with any quotes that you can dig up.
Specifically what I'm talking about are the countless people that have said they believe LFBG will succeed and support their opinion with things that actually drive the train when it comes to the movements of LFBG. I never attack them. Show me one post where I attacked someone who said they think LFBG is going to succeed, and supported it with factual data - product line, market niche, advertising, business plan, etc., etc. I don't think you can. So while it may "seem" to you that:
You know that you do seem to attack when someone speaks of great things to come with this company
Biko and Law...
Ahhh...finally. Seeing as how I've only responded to both of your posts which were bashing on me, and did not initiate "conversation" with either of you, I will gladly enjoy the peace of your silence.
Funny thing here, I don't remember telling anyone they're not a true christian. Or falsely telling either of you that you're angry. Or taking God's name in vain. So yes, I'll gladly look forward to not having to set the record straight post after post.
Biko, thankfully you are not running our Army. I'll be more than happy to send you my evaluations. When you boil down all the wording about combat missions, leading Soldiers, levels of responsibility, and all that mumbo jumbo, I think what you'll find is I'm more than qualified to carry a weapon in a combat situation.
Thanks for your input though. You could always share your opinions with the IG.
Now perhaps we can all get back to talking about LFBG.
I don't need luck, remember? Triten already pointed out that God wills for LFBG to succeed. Where's the luck in that? I'm golden. We're all golden. Send your luck to someone else who believes in superstition.
Thou assumptions are incorrect.
Hate to break it to you "brother," but I'm not angry. If we want to talk about anger, let's go back a few days and look at you self-descpritive anger with Troy.
So why don't you set others straight? You were the FIRST and LOUDEST to place the blame squarely on Troy's shoulders. So why aren't you the first to point out to people the err in their thinking when they proclaim that God is the driving force behind the rise of LFBG PPS? Especially after you essentially claim credit for creating a "plan for success" that Troy is supposedly implementing now. Apparently Troy, the CEO of the company, needed to pray more, so that God would send Biko to create a winning game plan for LFBG b/c God wants LFBG to succeed.
Thanks for your concern though. Might want to check out Matthew, chapter 7. Something about eyes, splinters, and planks.
But, if it makes you feel better to think I'm just one of "those angry people," I mean, hey, do what you need to do. Just saying, to set the record straight, I'm not angry, and coming from you, a statement saying I am reeks of hypocrisy.
Despite your funny feelings, you Sir...errr senior non-comissioned officer, are a true patriot, and the reason that we have the freedom to be fickle investors, like a ship tossed in the storm, shifting with every gust of wind.
we should meet up when you get back stateside. and celebrate our business savvy.
I wasn't making that assumption. I was showing that by nature a R/S does nothing to change anything about the underlying inherent value of the company. Whether or not the market "agrees" is a whole different story. But, it was pitched as though a R/S always results in a drop in PPS, and while I understand that the vast majority of the time it does, by definition, it does not. True?
While there are many far more qualified to make address this, I'll throw out my two sense in terms of my understanding...
Because a R/S does not change any fundamentals, typically the price continues to slide (normally R/S are done to avoid getting delisted, which would only be in the case of a falling PPS).
Sooo, because the vast majority of the time that a R/S occurs, the price continues to fall, and R/S gets a negative stigma, which leads to fear and selling, etc., etc., etc.
However (in my silly little mind), if R/S does not change the fundamentals (which it doesn't, agreed upon across the board), then, for those that invested in LFBG based on fundamentals of the company, i.e., real product, good product, good sales, increasing sales, holiday buying period, market niche, distribution contract, walmart contract, commercials, etc., etc., etc., etc., etc., etc., etc., etc. ... then the R/S won't necessarily result in a drop in price. The day it occurs, you'll have 40% less shares at the same value that you had the night before. It would seem to me that as this won't take place for another 6+ weeks, after a potentially huge quarter through the Holidays, that there would be no rational reason for the PPS to suddenly take a nose dive if it's on a steady up-trend.
Just my two cents.
Yes, your number of shares would be reduced by 40%, but the PPS of those remaining shares would be INCREASED porportionally, i.e., if you had 10 shares at $2 for a total value of $20 and the company did a R/S 1:2, you'd "lose" 5 shares, but your remaining 5 would simultaneously jump in value to $4 so your total position would still be $20. No change in value, just in number of shares.
So what are folks guesses for this morning? Continued drop or a rebound?
I'd really like to sell so I can buy back lower and increase my position, wish I wasn't in the shower yesterday when the news came out, I missed most of the plummet. Worried about guessing wrong though.
i think today might be the best day i've had in quite a while. god it's fun to watch people hoot and holler and get all upset. i mean, maybe that's horrible of me. ok, no, no apologies.
biko, i hope you've calmed down enough to email troy and apologize. i had to send him an email to let him know there are those of us who trust his business decisions and the mantle of leadership that he wears, and that also happen to be serving overseas. thanks for taking my name in vain. unbelievable.
thank you. just wish i wouldn't have been in the shower. would have sold everything so i could almost double my shares at the bottom (wherever the bottom ends up being). seriously, who cares what the PPS is right now? people are acting like they went to walmart and bought a game only to find out the box was empty.
NOTHING'S changed. except for a fickle share value.
There was one line directed towards you. The one that started with ET. The rest were to "those of you." Plural. The general public. Etc.
Some thoughts -
- If you were trading fundamentals, then you would have been out with Lowman and others this morning, if not earlier
- If you were trading future potential, then you have no reason to be upset, and should be happy you can now do what you've all been wanting to do, lower your cost basis
- If you were using money you can't afford to lose, you shouldn't be trading any penny stock
- If you're angry about a r/s, read the email from Troy, especially all of those that were defending his honor against the bashers. You either have to admit you were full of it, or you can stand by your claims that Troy is a good man, a great leader, a pure business genius, etc., and if that's the case, then you should stop being so dang emotional and trust that his email was factual, which would mean that there is valid institutional support for the r/s...or whatever exactly his previous email said
- If you think that Troy can somehow remotely answer the thousands of emails flooding his inbox right now, you need to come back to a state of rational thinking
- If you were so convinced that the business plan was sound, Walmart sales, advertising, etc., then you should be absolutely thrilled that this stock is now vastly oversold and undervalued
- For everyone preaching about God's divine will for LFBG...well, I won't rub it in.
- ET, if you're worried about explaining this to your battle buddies, you don't have battle buddies...if they're trading with money they can't lose, shame on them. If they're using you, a very inexperienced trader, as their financial advisor, shame on all of you.
I could go on and on. Just saying, I'm not sure why everybody's freaking out. Either you did due diligence in research, or you bought on emotion. I don't feel sorry for you either way.
actually you don't have to ask. i haven't been asking for years, and i still receive just fine.
but, really, can we once again bring the topic back to LFBG instead of a sermon on divine provision with some weak implication that God is going to divinely will LFBG to greatness.
Ahh...yes, I see your point exactly. Thank you for showing me the "other side."
Here's a thought to chew on - just something that's been rolling around in my head, ref: purchasing games at WalMart.
Again, just a thought, throwing this out there for consideration and/or discussion.
I would recommend against purchasing games at WalMart or other retailers for the following reasons (not listed in any order of importance):
- First Point, Profit margin:
-- Although I have not seen (and don't expect to see) numbers of cost basis per game unit, profit margin for online sales vs. profit margin for games sold at WalMart and other retailers, simple business dictates that the largest profit margin for the company will come from online sales (direct purchase from the LFBG online store), then WalMart, then other retailers.
-- Business infrastructure, shipping contracts, etc., etc., support this assumption. WalMart, through sheer mass and volume, will have a higher profit margin than smaller retail chains (even if they are national Christian bookstores). However, even WalMart is going to take their profit. They didn't become the largest (or second largest with Exon-Mobile depending on who you ask or how it's calculated) by squeaking by on slim profit margins.
-- Personally I can't stand going into WalMart, but personal feelings aside, I would prefer to invest my money into LFBG, not the pockets of the Walton family, who, by the way, are the wealthiest family in the world if you combine the net worth of Sam Walton's children. So, if I'm going to purchase games (and I am now that my brother gave me the thumbs up to buy CCM package for my niece and nephew), I'm going to purchase from the supplier that puts the most coin in the company's pocket - i.e., LFBG online store.
-- Simple concept here folks. I see a lot of people talking about X units * Y cost = Z revenue, but that's not reality. That's overall revenue, before making all the cuts. Number of units sold is important, but we have to realize that units sold multiplied by the profit margin of the method of retailing is what determines overall revenue for the company.
-- Bottom line with profit margin: most bang for your buck is direct marketing through LFBG online store.
- Second Point, Stock availability:
-- Yes, I realize that WalMart will have no problem re-stocking their shelves. HOWEVER, I can't count the number of posts I've seen saying "This Walmart is sold out!!!" etc. Great, WalMarts are sold out. This is indeed good news, but (IMHO) it should NOT be a result of LFBG investors purchasing games.
-- There are few things more annoying to me than hearing or seeing an advertisement/commercial, going to the store, only to find out that they're sold out. I'm sure I'm not the only one that this irritates the heck out of.
-- So as these radio commercials start permeating the market, and "soccer moms" start heading to WalMarts to pick up a couple of games for their kids, the last thing we want is for them to have to make a second trip back to the store.
Concluding thoughts: Does sold out Walmart stores signify good things for us? Of course, I just think we should not lose a potential customer because we bought the last game on a WalMart shelf, when we could have more quickly and more efficiently purchased our games online (no time/cost of driving, waiting in line) and simultaneously "given" a larger portion of the cost to the company in profits. Especially the folks doing incredible things like purchasing hundreds of dollars worth of games to give to charitable organizations. One purchase like that would easily clear the shelves of several WalMart stores...potentially causing a new customer to look several places and come away empty-handed.
Cheers.
Along with everyone else who registered for the Webinar, I received an email from Troy, and was surprised and pleased. Both at his effort to be available and genuine with shareholders, as well as his addressing and welcoming both those that are invested for more reasons than money, and those that are investors for financial gain only. I thought that was very appropriate and sensitive of him.
As many of you probably did, I replied to his email informing him of the number of shares I hold, and he sent me two additional replies. I made no mention of the fact that I'm here in Iraq, but my signature block does have my Iraq APO address.
I would like to share his replies, as many of you have:
First email:
"Do you know [Eagle Talon]? He is in the military in Afghanistan and he is a huge supporter and investor in LFBG."
I replaced his real name with his username here out of respect for his privacy. I share this for a couple of reasons. 1) it shows he not just read my email, but felt inclined to reply 2) he knows investors by name that have contacted him and looks to make connections with people invested in his company (a clear sign of great interpersonal skills, which anybody in business knows is probably the most determining factor in successful leadership of any organization)
Second email one minute later:
"If I was to send you some games, could you give them away to some troops who would play?"
I didn't ask for games, I didn't ask for anything, I didn't mention I was Army in Iraq, none of that. He made the connection, then felt the need to send a second email asking if I would distribute FREE games to Soldiers. Pretty incredible.
Imitaz - this isn't really to you, I just don't know how to start a new message.
Just to all in general -- It always helps to remember... you never MAKE nor LOSE money until you actually sell. So stop checking your "position" every 2 minutes and realize that unless you bought on emotional hype, then you should just chill and not stress.
bugger. i just wish i had a lot more free funds right now, i would be averaging down big time. oh well... just means my large profits won't be quite as large as they would be if i was able to load up right now...
That is my understanding. Investopedia and other sites have very informative and more in depth explanations of order types, how to use them, when to use them, and how to protect your gains or limit your losses through various types of orders.
Also long on LFBG, so I'm not trigger happy, and know that every day won't be green, but...would be nice to see some upward movement soon.
Yes. If it's a sell order, there is that possibility.
One possible explanation/reason:
"Thinly traded" stocks, such as Pinkies and OTCBB stocks can obviously be very volatile. Some brokerages won't even let you place a market order for certain stocks for the very reason that the difference between when you "place" an order and it's actually filled, the price could change drastically.
A "stop" is just an order that once the stop price is triggered, then becomes a market order. So, it's essentially a stop-market order. A stop-limit order just become a limit order upon the stop being triggered.
I think anyway. Someone can correct me if I'm wrong here.
yep, gap down. hmm...interesting. guess we'll find out who made decisions based on their assessment of the company, or based on hype and wanting to "catch the wave" ... holding
wow, sure is quiet today.
I'm pretty sure "God's will" has nothing to do with the success of this company. I mean, hey, it's a good thought though...and one that we like to use pretty frequently. I mean, manifest destiny worked out pretty well for thousands and thousands of native Americans. Oh, wait, no it didn't.
Greedy, I disagree with your viewpoint, however, I respect your right to express your opinion here. Not sure why you waste your time on this forum, but, hope you're enjoying yourself. :)
Hennesy - I would never bet against God...but then again, unless I missed something in my sleep, I haven't had any divine revelations lately concerning my stock investments. In the meantime, I'll continue to use my God-given intellect to make rational (and hopefully wise) decisions on whether to hold, buy, or sell LFBG based on the universal fundamentals that govern the rise and fall of all businesses - supply/demand, market, product line, marketing, exposure, leadership, management, etc, etc, etc, etc...
Cheers...
and thank you...just lowered my average cost...kind of significantly. well, as much as i could anyway. and off we go (hopefully).
North? Why is north up? I mean, north would be down if you were floating in outter space "upside down" right? Or sideways perhaps...
...just kidding, kind of. Looking forward to seeing how the market reacts to the webinar at the EOD.
asking a question here...not stating an opinion, so looking for stuff like, "yes, possible." "no you idiot, that makes no sense." etc. :)
this increased amount of sells, just prior to the webinar...i'm just, it doesn't make sense to me. but maybe that's because of my confidence in this company.
so my question is... for people that trade on technical data and not fundamentals, and this webinar (regardless of what most of us on here strongly feel will be positive news) spells unpredictability, and as LFBG has had very strong growth in the recent past... is there a possibility this high volume of sells is just people that are "satisfied" with the big gains they've probably made recently, and are willing to take profits and move on instead of riding it out through the unknown of today and the coming days?
did i even make any sense? i'm just trying (in my uneducated head) to figure out why so many people would be giving up shares right now. but, i would also think that there are many, many, many waiting in the wings to scoop up shares in these dips.
thoughts?
i get my hair cut once a week because it's the "right" thing to do. that's why we always win our wars, because us Army folks do the "right" things. oh wait, no it's not. we win because we have strong fundamentals.
yep, i bought too soon as well, but i had to go to dinner or risk the dining facility closing, so i pulled the trigger. still happy though. :)
LFBG, thank you for pulling back long enough to fill my order at .012 ... I now give you permission to resume your climb to new heights today. ;)
evening, evening ;)
ahh...so my funds finally cleared. choices, choices. do i try to jump in first thing here...or do i watch and see if there's a slight pullback this morning after yesterday's EOD run... hmm, hmm...
how's everybody feeling about today?
Good "morning" to all --
I've been waiting all day for the market to open (it's 5:20 p.m. here), and it's like everybody disappeared! Hard to believe the webinar is today. Excited to watch the action...
B-money,
Can you help me understand the significance of that link. I'm not sure what I'm looking at or why it's of note when all the dates on the various entries are from 2008 and 2009.
TIA for furthering my education...
will email you to keep these posts relevant to LFBG.
nice steady climb after a typical morning pullback, i'll be very interested to see TI's analysis later (hopefully:)
Farragooooooo LFBG
ahhh...blast these government computers in Iraq. SOOOO SLOOOWWWW. i knew it, knew it, knew it. well, no, i thought it though, and would have gambled, but it takes multiple minutes for me to place an order on these snail paced system. hope some folks took advantage of selling in the 016 or 017 range and buying back in the 011 range. arggg...i could have added to my position with no funds out of hide.
blah.
well, anyway, that was exciting. I suppose we shall see how LFBG moves throughout the rest of the day. :)