Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
chuckrmon22, my question is "what IS substantial". I read the newsletter and was trying to identify something solid in it but finished reading it with frustration. There was a another big festival last Friday or something, same stuff, BBDA will be there among thousands of people and what the result is??? Do you know any, I don't. The problem with such fluff is that it let's people pour their money in only to end up as bag holders. It happened when BBDA PPS "can not go below 0.0006 with a solid rock bid at 0.0005", then when it "can not go below 0.0005, then 0.0004, and now 0.0003!!!
Brian said he will announce things done and results achieve. I did not think then that showing products to people at festivals is what he meant. To me, results means sales done or at least orders placed. But this is only me!
Klinsmann, yes I know it's called "letter to shareholders" but my point is it mandatory to have a letter to the shareholder when there's nothing substantial to announce? Is the purpose to release a newsletter every week whatever what's inside or to use the newsletter as a more economic channel other than the PRs to update the shareholders with important information?
Is this really the newsletter? Didn't Brian say he won't PR fluff? Does this mean that it's not OK to PR fluff but OK to newsletter it??? This newsletter is merely a buzz with blurry and scattered mentions of the important information here and there. Nothing the reader can really put his hands on. News about the race, the fight, the music ...etc. It's like "let's find anything to fill a page and newsletter it"!!! And what exactly is "drink #02 will be hitting the track". What track? Where are the stores with exact quantities to be shipped to exact number of stores in an exact time? A specific and detailed plan. If it's there, why wasn't it mentioned instead of the "track". And it's not planned yet, why don't they just shut up and stop that nonsense until there's something substantial to announce? Where's what's important, information about the 2 billion dilution plan, CE lifting, buyback if any, ...etc? It's no wonder it's getting worse on L2 (the sell to buy ratio is ~ 5 to 1 now).
The pinky land is already a shady place and the rule is that a company is guilty until it proves innocent! Brian and BBDA give more than a reason for investors to doubt and lose trust in the company.
I believe in BBDA but what's going on is just not right.
scandal, this is not good! Another plausible scenario is to dump the 2 billion shares and get 7 billion O/S instead of 5! And why not end up with 1 billion dilutable shares instead of 3 or even none at all? Unless he wants to maintain the ability to dilute, making 2 billion shares ready to hit the market does not make any sense. I say removing the 2 billion dilutable shares is more important than lifting the CE to attract new potential investors.
ratlifjohn, this is funny. This reminds me of digging the ground with a spoon. If the quantities shown on Level II are correct (maybe and maybe not) then buying on the ask hoping to push the price higher is like blowing the clouds with air from your mouth hoping for them to go away.
I do not believe in artificial movements, a healthy stock should move on its own. Buying on the ask should be a result of movement not a reason. You should buy on the ask because there's a high demand that you can not buy on the bid and the stock is moving up. In long-term trades, such small pushes are wrong because the price will get up and down after you buy and the effect of your trade would be negligible over weeks.
Also it's not right to be able to buy on the bid then pay more money for something that you could've got cheaper, IMO, this is totally wrong. If the price is not moving up by itself (by demand) then you won't be the one who moves it and if many traders organized ask buys to push the price up then it will instantly fall after they get out of funds and buy all they could. Actually they will fool themselves because they will keep chasing the price amongst themselves and pushing up, buying high, then it drops back again. This is someone fooling himself.
If you can buy it on the bid then absolutely do so.
variant2, unfortunately, buying back and having 2 billion shares ready to hit the market at any time do not fit together. This is a contradiction. Brian talked about the buyback before he knew about the SS but now with the SS known he mentioned a possible dilution of 2 billion shares. The buyback that Brian talked about earlier has vanished and not in the plan anymore (practically) unless a manipulation is intended.
I hope he fixes this by reducing the extra 2 billion in the A/S at least then it would make sense to buyback from the remaining 5 billion shares trading in the market.
Jdub33328, that's absolutely normal. Level II now shows huge quantities of shares offered for selling on the ask side (and less buy requests on the bid side but still huge, right now it's about 8 to 1 sell to buy total order quantity ratio). You should actually ask the opposite, if 2 billion shares are offered for sale on the ask and only 20 million of them were bought, why should your specific shares be among the very little amount that got bought? Chances are a lot of orders were placed in the queue before yours and expected to get sold before your turn comes. A very little probability in your favor here unless you have a way of pushing your order to the front of the queue but again if you can do is then other can and will do it too so back to square one, wait for your turn. The other possibility is when the buy demand is great and a lot of orders are going through which is not the case now. In such cases like now, the sure way to sell is at the bid price to get them absorbed quickly.
Notice: The bid/buy order quantity seems big and the ask/sell order quantity seems huge (about 8x bid now) but actually you should not believe all the quantities you see on Level 2. Sometimes they are shown this way to scare traders to sell or reverse sides to make them willing to buy.
Is it only me or is it the following statement that contradicts with what's actually going on the ground?
"We cannot and will not do any promotions or marketing for any of our brands unless there is a return on investment that is measurable. When you're just building hype to sell shares it's easier than when you actually have to sell products!" said VP. Daisy Ramirez.
- Isn't the renewal of Dan Hardy sponsorship and having Piranha's logo on his clothes and on sellable items actually a sort of promotion done before there's a return on investment?
- Aren't the useless visit and pictures to Pink's office while leaving a time bomb called 2 billion shares dilution sort of hype?
Couldn't they simply do the second most 2 important things to production which are reducing the huge O/S and canceling the extra 2 billion that scare new investors by reducing the A/S?
Risk vs Reward, revenues are important but not alone because the impact of revenue is relevant to the SS. $2,000,000 revenue over 1.4 billion share is totally different from $2,000,000 over 5 billion shares and definitely different from over 7 billion shares. The "impact" weakens as O/S and float increase. Many investors got in expecting a great "boost" for their money over a reasonable time based on good revenues over limited O/S but now the O/S is not that limited. Also some stocks collapse under the weight of it's huge O/S and some investors do not touch a stock with 5-7 billion O/S no matter how great it is.
Brian's actions with the CE seem to me like a distraction from the real issue and I don't feel good about it. It's like "look here, look here, here's the CE coming, everyone look at the birdie" then suddenly "oppps, 2 billion shares slipped in the O/S while everyone was busy with the birdie". Brian is good and I feel it but also he's new to the stocks world and once he learns and feels the easy finance via dilution trick he might keep doing it and we all know that every time it happens "for the good of the investors".
variant2, that was harsh but let me get to the point. Removing CE is a cosmetic action IMO. It will not have the impact desired by many (and I mean here "desired" as in wishful thinking). Practically, the CE status is irrelevant as BBDA has already gained a lot of following, activity, and enthusiasm DESPITE being CE and it was CE from the very beginning! Now the major let down is the huge O/S and the possible 2 billion dilution that might happen anytime. Brian did not even declare that he will withhold diluting and from his video he might dilute now, tomorrow, or any time.
CE did not stop many investors from getting in and removing CE will not bring others in and will not stop current investors from getting out. Even if BBDA was trading on NYSE, just the mere fact of a possible 2 billion dilution can make any potential investor escape. Also the fact that Brian keeps acting on the CE and these photos in the Pink office actually make me believe that he's now acting like other "bad" pinky CEO (although I believe he's honest) and he's using the CE thing for fluff to excite investors and keep them busy. This is not what I'd like to see.
Again, CE is irrelevant, O/S and scary dilution are what's important.
intheclouds, this is the problem, Brian does not agree! BBDA now has 2 functions for 2 parties, Potencia and Bebida on one side and the shareholders on the other side. Beofre the 5-7 billion O/S bomb the 2 roles/parties went hand in hand in the same direction, now there's a problem, the 2 functions/roles contradict with each other now.
I agree with "one thing at a time" but I know also that "first things first", at least they should be. Now the first thing should be the huge SS and what's better than now at this PPS for Brian to buyback if he really wanted to address this problem? In this situation, removing the CE seems more of an image polishing for Brian and the management as individuals rather than something done for the shareholders. I would accept Brian telling the shareholders that he does not want to have a skull and 2 crossing bones stuck to something with his name on it because it's not good for his image rather than doing it as something for the company while leaving the stock diving in an ocean of 7b shares.
=====
Posted by: intheclouds Date: Wednesday, June 03, 2009 12:50:26 AM
In reply to: GreenHarvest who wrote msg# 73352 Post # of 73365
I don't think he agrees with that, he thinks it's all important. But to have everything in place when you need it is key. I think were going to just have to deal with the 5b shares, he said the other 2b were there if he needed them. Revenues should take care of that. One thing at a time man. Let's get the CE status off and just keep building.
intheclouds, please tell Brian to stop this nonsense. Enough playing hide and seek! Pink Sheets is not the problem now and he knows this. It's the 5 billion O/S and his explicit in-your-face announcement that he might add 2 billion more making the bad situation worse. There's fire in the house and all he cares about is cleaning the door plate??? Sugar coating BBDA with removing the CE is worthless without reducing the huge O/S and again he knows this. If he does not know, please tell him! BBDA is becoming a flippers-only short-term stock. Nothing bad with that but at least he should stop talking about that Corvette. With 1.4B O/S an investor could dream of a Corvette. With the new OS and possible 2B dilution, same investor should now dream of a nice shiny Corvette wheel.
If he really cares about his credibility then he must stop this nonsense or he'll be dubbed manipulator.
chuckrmon22, I agree that the fog has cleared now but also the new information made BBDA lose its luster. It's no longer the old BBDA; now with 5 billion shares + possible 2B more, BBDA is not longer that attractive. Notice that Brian who's supposedly already knows all the SS info did not mention anything about the float and restricted shares (I think intentionally). Also instead of easing the investors worries, he explicitly mentioned that the remaining 2 billion shares could be dumped to raise funds. Yes Brian seems honest and credible but he's honest in the way of putting his finger in your eye then tells you he did so in your face. BBDA needed honesty + good actions not honesty alone.
But again, why would Brian care to fix the SS or CE? He's not here to make investors happy, he got BBDA to help Potencia not vice versa. BBDA is something to benefit from at the first place.
Also BBDA has lost its luster because time is a major factor in investment. With 1.4 B shares the reward over time was very attractive. Now with that killer SS (and possible dump), nobody knows if BBDA will ever get off the ground and if yes, how high. If you can keep your eyes open, you can get what's expected from BBDA and more from other stocks in a couple of days and even hours.
IMO, BBDA is still good but like any other good stock now, nothing is special about it anymore. Having money in hand now is much better and then keep watching it and chase it a little when/if it runs rather than leaving money tied in it for month hoping something happens. I prefer to chase a stock a little and get a sure 200% profit in 2 days and find another opportunity and repeat rather than lock my money for 6 months or a year in a stock hoping for 1,500% that might come and might not (15,00% is the profit of the hoped 0.01 if BBDA shares were bought at 0.0006). Unless of course you have lots of money and don't care about this one. Heck, another stock just 4 weeks ago could make 3,000% in 4 days for early entries and easy 1,000% in a single day for those who chased!!!
GLTA.
=====
Posted by: chuckrmon22 Date: Tuesday, June 02, 2009 3:39:24 PM
In reply to: GreenHarvest who wrote msg# 73255 Post # of 73262 [Send a link via email]
I feel now that we know the SS, believe it or not we have a good chance of reaching new highs now....even with the billions in the system......knowing this gives investors a feeling of more control over what they are investing in. And good news PR's should cause this to continue to rise.
This sounds strange maybe....but I believe there is now a new climate of optimism about BBDA.
IMO<ONLY
chuckrmon
chuckrmon22, maybe it was a scooter with the previous management but at least they wasn't cheeky about that scooter causing investors to dump their money only to discover that they are ignorant about the current situation (still I'm giving Brian the benefit of the doubt). With the previous management investors knew the situation was bad and were cautious about dumping their money. I'd prefer if Brian kept his mouth shut until he knew what he's talking about.
=====
Posted by: chuckrmon22 Date: Tuesday, June 02, 2009 2:54:14 PM
In reply to: blockbuster who wrote msg# 73235 Post # of 73248
And what would you have gotten BEFORE BW took over? A scooter? lol!
IMO,
chuckrmon
Lotus, is there a relation between Bionic Products and PNTV? Why are PNTV's videos displayed on buybionictonic.com website?
spgeise, yes Brian said no buyback (which is the company itself buying shares of its own stock) but he did not say he won't be buying himself as a shareholder. Technically both are different but the result would be the same at least on the short to mid-term. This is only a possibility but I'm trying to be optimistic until everything is unveiled.
jundtman, please tell him if that video does not clearly mention the SS and how he's going to correct it if there are illegal shares and when the CE will be removed then he better save himself the effort of that video as all it will do is bring that share price down to 0.0001.
I wonder what's keeping Brian from addressing the SS issue? His May 29 video (if true) is not a motion picture with a set release date. He has been releasing PRs about a car race, isn't the SS more important that that?
Things are getting worse and shareholders are losing trust. Is the SS information scheduled for May 28 so he has to release it on May 29 and not before? What will happen if the May 29 video is not released? Is the SS really that hard to get? If Brian really wanted to address the SS wouldn't he have the numbers by now? Isn't it a matter of ethics and credibility to ease the worries of the shareholders who bought because they trusted him?
It will be funny and provoking after all that if we receive another PR tomorrow talking about the car race!!!
Farmboynate, that's exactly what I'm afraid of: "killing BBDA"! Whey exactly now when good PRs are pouring in the stock started to get hammered? I see behind the scene someone(s) who know how things are turning out good for BBDA and that it could run huge soon so they start killing it to protect themselves. NSS is what I have in mind. They either want to keep the PPS in that range till they cover then let it run or resolved to NSS until they cellar box it at 0.0001 and kill it there.
In any case, this is one of the issues I want to see addressed by Brian in his next video: Is there NSS? If yes, what is his action plan to mitigate the situation?
P.S.: If there's really NSS and sorters are forced to cover then expect the PPS to go up beyond all your dreams!
When I posted about strange trading a couple of days ago and how it should be a red flag many people did not like what I said. I'm glad that many are catching up with the idea at last as shown from the recent posts.
However, I'm noticing also that this is getting beyond pointing out something and turning into negativity. This could start a vicious cycle. I'm calling for all this debate about irregular trading, dumping, debased PPS, and SS to stop as the point has been made clear and to turn all this effort towards a positive effort.
The best action now IMO is to consolidate all that into a message delivered on behalf of the board via one person to Brian telling him how shareholders feel and worry and reemphasize that the whole situation and issues need to be clarified in the very coming video and to ask him to make sure never to answer with "I don't know" again or we'll be back to 0.0001.
GLTA.
I'm glad to see the that issue of irregular trading addressed. The company is progressing very well and it's sad to see that little crack at the bottom which could get very nasty as happened with other companies. By fixing this crack everything should be fine.
Risk vs Reward, I can't private msg. Let me make some corrections. What I mentioned is the "what" not "when" and nothing is wrong with need-to-know as this is normal for everyone. Brian can communicate whenever he wants and it's good to communicate at all and because he himself showed respect to shareholders I'm asking for what many here want to hear next time.
Wyatt Lee, this is a reply I like to read.
Wyatt Lee, it seems nobody cares to read the whole thread and comment on things other than what I wrote. I said I'm ready to wait for months if needed, I have no problem with waiting. The main point I talked about - and I hope everyone who wants to reply to read this well many times before replying to something completely different - what I wrote about is: The strange trading pattern and strange price drop in the time of good successive news when everyone should be holding their shares tight. Again: It's the strange trading pattern that does not seem reasonable at all at that time and conditions. I'm just raising a red flag here based on previous experience but this does not mean I do not see potential in this company which I said many times before.
I hope everyone who wants to reply to read the above many times first before replying to something completely different.
GLTA.
Risk vs Reward, trace my messages back and you'll know what I don't like. It's not the SS itself but other things. Just read back.
Risk vs Reward, no I can wait for months if needed but when I see something I don't like I prefer to raise it now instead of watching silently to have it hit me in the face later.
could you msg him back with this please: "Great Brian, and share structure is...?"
The race and ball are the cherry on the top of the cake, what about the cake Brian? We are not in the entertainment or racing business or sports. It seems everything is taken care of except the shareholders and the PPS! I'd be happier to know that Brian has spent his time pursuing the SS instead of spending that same time in the race track.
Please jundtman msg him back and tell him we are asking about the SS and removal the skull and 2 bones (CE) from Pink Sheets then we'd be happy to hear about the race, other than that we won't be impressed even if he comes out the first winner!
WayneC777, exactly. That's what I've been trying to explain. I'm not talking about general stock trading dynamics but about the specific situation of BBDA having 3 positive PRs in a row that pack the potential of the company and should've pushed the PPS higher or at least maintain current level but strangely enough at the same time the price went down and at large portions of daily volume not just shy 5m shares sold at bid as we saw before the last PRs. Why would anyone holding shares through the past weeks with less news and clarity decide to dump their shares once good new come? Just not likely. This could be many things including manipulation and dumping.
I'm just raising a red flag and want to see the related issues including SS addressed by Brian in the very next video without "I do not know".
StarterKit, you talk as if choosing to buy at bid 4 instead of ask 5 or 6 is what brought the price down. Remember a week ago, people wanted even to buy at same bid 4 or even bid 5 later but could not and only buying at the ask was the way to get any shares. Didn't they want to buy at the bid of 4 or 5 then too? Of course they wanted to but their only choice then was the ask, the stock was simply not buyable at the bid. If a stock is good and trading normally under such conditions (good fundamentals and volume and fresh good news) it would be bought mostly at the ask and pushed higher (not even stay at the same level) and whoever wants to buy at the bid would simply not get be able to buy.
My friend, I can not see this as price drop due to buying at bid but rather buying at bid due to something fishy.
pocketfullofpennies, I replied to this before here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37841578
navy_seal_team_one, buying at the bid is not the reason for moving the stock down. When a stock is strong you have no option but buying on ask to get it and when weak you can buy it on bid and of course no one would pay more for what they can get cheap. In BBDA's case I think it's not weakness as much as manipulation. So buying on bid is not the reason for the price drop but rather the result of weak or manipulated stock.
=====
Posted by: navy_seal_team_one Date: Friday, May 15, 2009 5:29:52 PM
In reply to: None Post # of 69950 [Send a link via email]
Well soup I don't know about being funny but look at the PPS. what i said would happen DID HAPPEN did it not. you bozos kept slapping the bid at 5/6 and now we are 4/5..
keep slapping the bid at 4/5 and watch us drop to 3/4.
soupoftheday, I hope so!
pocketfullofpennies, here it is:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=bbda#getQuote
=====
Posted by: pocketfullofpennies Date: Friday, May 15, 2009 5:25:42 PM
In reply to: None Post # of 69950 [Send a link via email]
WTF!? Pinksheets won't display quote for BBDA? BW needs to get that fixed, it looks awful
soupoftheday, don't hope high just yet. Proving NSS and revealing the O/S alone are not enough if the company did not enforce covering. NSS can go on forever down to no bid and the PPS won't go high no matter how many shares are bought, look at the past 3 PRs and their corresponding PPS drop. Brian must address all these points in his next video or better or he'd better save his and shareholders time. Announcing fancy news and plans is not working anymore and it even gets the price down. It's like good news trigger more manipulation to hammer the price and prevent it from any possible move to protect whoever needs that. If Brian does not have info about the following he better not show up at all:
- Share structure.
- If there is NSS or other wrongdoings that caused the PPS to drop.
- Actions the company will take to correct the wrongdoings if any and WHEN.
investmentventures, the Caveat Emptor is bad for first impressions but will surely be compensated for after some DD. What worries me is the strange price drop after the consecutive good PRs in the past 2 days because it shows that the stock could be under strong control by someone. That's why I'm calling for Brian to exert an effort in this area to uncover what's going on demand corrective actions if there are any wrongdoings.
This should be addressed in the next CC or video. "I don't know the SS" was perceived from Brian as an honest and direct answer but hearing that again will be perceived as carelessness and incompetence. No one of the shareholders will be happy with great products selling in 5,000 stores while the PPS is trading at this level which could happen if he does not work on fixing the stock itself as he is working on production.
Wyatt Lee, there were other companies in similar situations before and their CEO's exerted efforts to stop that. It's not important what I believe. It's enough to see him address the issue of "abnormal" trading and to "try" to fix it and I don't want more that than. In a way the answer to your question is "Yes". If he uncovered the wrongdoings of the culprits and demanded fixing the situation from the authorities (e.g. covering NSS if any in 3 days) as the owner of the stock who I believe has the right to defend his own company stock.
Wyatt Lee please read what I wrote: "It's time for Brian to step in and put some effort into uncovering what's going with this stock and stop it." I never mentioned anything about him controlling the daily PPS.
Good Wyatt Lee but actually Pink Sheet status does not need to be corrected to get this stock to its deserved recognition. The investing community already recognizes it and well perceives it. At least there's enough packing behind it to make it at least double this PPS. If you are in contact with Brian then please let him know that this stock seems to be controlled in a way that makes his Pink Sheet efforts useless unless this manipulation is tackled too.
Wyatt Lee, good PR but so what? Instead of seeing the PPS double it went 33% down. It's time for Brian to step in and put some effort into uncovering what's going with this stock and stop it. It must now be one of his efforts besides production as the manipulation force is very strong here and seems able to kill it before it has the chance to breath.
Klinsmann, this seems like an enforced or manipulated trading that's been going for the past 2 weeks at least. It seems to me that a technical trick is being used to keep trading at a predetermined price channel for the favor of someone. The situation simply doesn't add up even if we ignore the fundamentals and look only at the buy/sell volume. Even if the SS is huge trading would probably go down not stay in this channel. It seems it's better to bring the price down for that "someone" but it's hard to let traders let go of their shares easily and hence the strong floor/support of the channel.
I have no problem with the current PPS as I'm not convinced it's reflecting where it should really be by now and hence I convert what's on the screen in my head to PPSx2 as a minimum so for me 0.0006 becomes 0.0012 and so on and will keep doing so until fundamentals and SS prove the opposite or the PPS goes up to where it should be.
=====
Posted by: Klinsmann
Date: Tuesday, May 12, 2009 2:56:48 PM
In reply to: None Post # of 68951
74m buys vs. 8m sells. This can´t be held down another day imo