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He was just rambling about how no buyers was sending the stock down. Nothing with any real substance. Right now it looks like a bunch of non-commitals on both sides. Not much aggressive sell or buy volume really. Have to wait and see.
MoneyDude - You have provided us valuable information about trading well beyond your 65 years. Your in depth analysis about SREH is both thought provoking and entertaining. You are obviously a seasoned old time trader. Thanks Dude!
moved it to 16 with the other big seller
Where's the buyers? I agree that all this news is positive, yet the only real record that matters is the low volume. Everyone was touting the future events that would propel the stock - 1) The financials, 2) The name change, 3) The cancellation of shares. All of which has happened. What has the stock done? Gone down. That to me is not a good sign. When positive events do not drive up the stock, that bothers me. But, that's just me. Call me fickle.
No I won't. Hopefully by 3:00 I will be done with this suckah and I am never looking back. Buy my "cheapies" please! If you loved it in the .002's, 003's, and 004's, then they gotta be looking pretty sweet here.
look out below
Have some cheap shares. I just put 15 mil at .0015. Enjoy!
THE REAL EYSM STORY DIRECT FROM THE COMPANY - IF YOU DARE.....
I would love to hear a competent rebuttal based upon the facts herein.
Did a laywer or anybody competent (like an accountant) actually review these financials? Typo's about years seems like kind of important thing when dealing with Quarterly reports and the like. No?????
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NOTE THE SAME DATE FOR THE CURRENT AND PREVIOUS LOSS?????
Net Income (Loss)
We reported a net loss of $56,655 for the three months ended February 28, 2011 from a net loss of $110,319 for the three months ended February 28, 2011. The reduction in net loss
was attributed to a reduction of $53,950 of Interest expense versus the previous year
Revenues
NOTE THE MIX UP IN YEARS??
Revenue increased from $17,656 for the three months ended February 28, 2011 to $48,298 for the three months ended February 28, 2010, for an increase of $30,642.
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This default is at the very heart and core of the company - everyone talks about these quality domain names and the value, yet they have not paid for them.
Item 6. Defaults upon senior securities:
The Company is in technical default on several loan and purchase agreements but has not been served any formal notice of default. The Company has been in contact with the other parties and believes that a positive outcome will result in each case while no guarantee can be provided of what the ultimate outcomes from such talks will be.
The amount due under the contract was set forth in a Promissory Note which is payable by the Company in quarterly installments of $300,000 beginning on January 1, 2009,payable in either cash or stock at the Company's option. If the Company elects to make
payments in stock, the amount of shares to be issued will be calculated at 94% of the average closing price of the Company's common stock for the proceeding five trading days as traded on the Over-the-Counter Bulletin Board stock market. The Promissory Note was due October 31, 2009; as remains unpaid. The Company has had contact with the holder and is working to resolve the matter. However, management cannot guarantee the outcome of the negotiations based on current market conditions. The Company is currently in default of this agreement and will be attempting to work with the note holders to extend the term of the agreement. There can be no guarantee that the Company will be successful
in being granted an extension of the agreement.
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RED FLAG #1
Total current Liabilites 3,616,633
Accounts payable and accrued expenses $ 286,822 $ 280,707
Capital lease obiligation-current portion - -
Note payable - Smash Clicks (face value $1,000,000) 647,777 647,777
Fair Value of embedded derivative - Smash Clicks 1,052,512 1,052,512
Fair Value of embedded derivative - FTS - -
Notes payableto individuals 730,050 730,050
Notes payable to related parties 899,472 872,409
Total current Liabilites 3,616,633 3,583,455
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RED FLAG #2 Helloooooo people. Does anyone really believe that this number will not increase based upon the debt load and lack of operational cash???
Weighted number of shares between 2010 and 2011
2,286,624,262 from 124,107,595
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When are these shares free tradeable?
Stock issued for debt and interest 316,666,667
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Those ugly lawsuits. Based upon the limited amount of working capital that they have, where is this going? Doesn't sound good to me.
On April 20, 2007, Mr. Chin filed a cross-complaint against Ms.
Sawyer also alleging a breach of contract. On November 21, 2007, the Company reached a settlement with Ms. Sawyer, whereby the Company agreed to pay to Ms. Sawyer an aggregate sum of $90,000 over 15 months. In the event of default, the Company may be
required to pay Ms. Sawyer a sum of $225,000 less any payments made under this agreement. This situation remains unresolved as of June 15, 2011. The Company cannot guarantee what the ultimate resolution will be at this time.
*********************************************
THE NAIL IN THE COFFIN
Note 4-Going Concern
9 Million Bucks in debt - Wake up people!!!!!
The Company incurred an operating loss for the quarter ended February 28, 2011 of $56,655. The Company incurred an operating loss for the year ended November 30, 2010 of $212,008, at November 30, 2010, the Company had an accumulated deficit of $9,261,971. In addition, the Company generated limited revenue from its operations relative to its operational expenses. These conditions raise substantial doubt as to the Company's ability
to continue as a going concern.
Did anyone read the financials besides me? I am really long, more than I would like, but this company is a hot mess of debt and variables - like lawsuits, financing and the like. I wish it looked better than it did. However, that is not the case. Why am I posting? Not sure. Maybe the recent ban has lit a fire, but I am probably just bored I guess. I may post a point by point breakdown of the last financials if I get a burst of energy. Unfortunately, if I did it would probably make me dump my shares at the market and then you would see it in the trips. I am down about 15k, so anything is possible.
Yeppers - those were my buys at the close (100k, 100k, 200k). When it was .0022 x .0024. I put in a limit at .0024 but they flashed ETMM (my broker) at .0023 and made them look like sells at the bid.
I have 36,800,000 now
Those last 3 500k blocks were mine placed at the offer - .0023. 2 out of 3 they posted as sells on the bid at .0022
28 mil here
You never know what type of order the MM's are representing. They could have just a 5000 Bid in there and therefore the wall is fake. They may just want it to appear as strength to get the stock to uptick so they can unload. Time will tell..... Watch ETMM and Nite on the offer. They have quite a bit of stock to unload. ETMM appears to be the axe and in my opinion the diluter for somebody.
BIG News. BIG News. I am not sure why every one is hanging their hat on this so called "News" thing, especially the name change. Anything that has been stated publicly that is going to happen is already factored into the price of the stock. Changing the name is a non event. News that will drive up the price must be fresh aka new. Even revenue numbers are not going to do anything unless they are really really off the chart, because every one knows that the revenue is growing. You see what making 100k in 9 months did for the stock today - down 15% at post time. BTW - I am a long with more than a few shares, but you have to be a realist and some of these posts are just rediculous - an absolute pipe dream. There is no worst person to fool than yourself. IMHO
Employment and jobs numbers? You must be kidding. Are you for real? This is the land of the stinky pinkies. That stuff has absolutely no bearing on these stocks. None - Notta - Zilch - Null set. After all these years of trading these POS's, I finally found the secret catalyst for price appreciation. Go figure. Anyways, you made me laugh whether you wanted too or not. Keep up the good work. When will you be on the comedy stage next?
Does anyone have a broker that is allowing you to trade SMPP?
where is the f-in interview?
News is rarely better than the anticipation of news because expectations vary greatly and are usually higher than reality. Give me a good solid rumor any day. Yes, I took profit - lots of it from .0003. Also, when you have a ton of shares (like 20mil+), you need volume to get out. When that dries up, you are dead and that happens more times than not. I still have quite a few if the party continues. fwiw
Is the day over? POS - Sell alerts are most commonly posted by people that have been burned by the stock, which often happens because penny stocks are by nature - POS's. They feel it's their duty to "protect" others from their certain doom. In reality, you are just a disgruntled angry shareholder or ex shareholder, probably fairly young (20ish I'm guessing by your totally immature and pointless posts.) Maybe you will grow up or maybe not, but one thing's for certain, people were trading these POS's before you were born, will continue long after your dead, and there is nothing you can do about it. Btw - You seem to have too much time on your hands. Maybe you should take up a hobby or something? Have you thought of crochet?
IF we could close above .003, that would be pretty bullish.
Stock Promotion Cycles - "george chelekis stock promotion cycles". Google this - it's the first one that comes up. Please don't send me flowers or thank you emails for this incredible gift. Just read and learn.....
dude - i'm all for it going up, but there has to be some degree of reality involved too. a close somewhere in the mid .003's would be fine.
.005? is that a joke? you're not right. it's not breaking the hod when it's already traded 1/2 bil between .0026 and .004
.1056 x 15 - 50k share dumparooski
true - can't argue with that. At least I'm consistent - lol
The stock was .0024 on May 12th when I posted that and people were bowing to GE and rambling about it going to .10. Just wanted to throw a dose of reality at them. Maybe I even saved a few "sheep" from losing 75% of their investment. BTW - FWIW - I am nibbling down here with play money, just in case he runs it.
R/S...Hmmmm...First of all - nobody really knows the O/S. I assume the t/a is still gagged which is always a bad sign imo. Secondly, 2-3 billion is a perfect amount of shares to do a R/S. Why not? It gives you a chance to bring down the O/S to respectable levels and raise the share price which could attract more investors. Then you can raise the A/S and proceed to print print print. E-world Corp has turned the R/S into a science. It always amazes me how a company can continously do this and attract new sheep. Have to wait and see. It's definitely churning at these levels and with some nice PR's to boot. Me thinks something's gonna happen soon....
News: SPOOFEM.COM Curshes Competition In Caller ID Spoofing With Desktop Application. We're finally "CURSHING" the competition. Now if we can only find somebody at the company who can spell, proofread, or knows how to use spellchecker we can really move ahead - lol.
Picked up a boatload at .0006. Not thanking anybody yet....only time will tell if that's in order. Usually panic selling like this is profitable. If it's the company dumping, that's another story.
SCAM! Is Henning Morales still running this titanic of a stock?If he is associated with any part of this "Company" and I use that word very loosely, they are taking your money plain and simple. Look no further than their history of reverse splits and latest income statement. Check out the employee compensation. MM's are very bad men (lol), but nothing in comparison with this guy. Watch the volume surge with news and lack of price movement. Save your reply keystrokes to get out of this stock. No thank you cards. Good luck. You need it.
Revenue anyone? When do we get financials and share structure? Seems like those should be important to somebody. These BS pr's are fluff and a total snoozer. They mean nothing.
So, basically GE told all the people that would be responsible for buying his product that they should be canned. Makes perfect sense to me. Why would you not alienate your customer base? I promise that if gets to .002 again(where was my GTC order - taking my head into the desk over and over), I will dump all my shares and never look back. This company is a total joke. I've owned a lot of these stinky pinkies in my day, but I've never felt so embarassed as a shareholder before. Of course, most of the time I know nothing about the company and are buying for technical reasons which keeps me shielded from the total BS that spews from them, but that's besides the point. Story stocks rarely have them and LGTT is a case in point.
I know nothing about the company. I bought it based upon the chart which subsequently deteriorated. Didn't throw that much at it though, so it's no big deal. Another day in pinky land.
LPWR - .12 x 1.10. What a joke! So now I can sell my shares for 10% of what they were pre-split.
Reverse splits are the penny player's worst nightmare a MM's dream. As you will see, your shares will be reduced evenly by the split ratio which sounds ok on paper. However, when the stock trades again under the new symbol only the ask will be reflective of the the new split price. The bid will be much lower. If you want to sell, as many do because they just want out, you will get a substantially lower return than selling your shares before the split. I've gone through quite a few r/s and all have been BIG losers. If this is a winner, it will be a first for me.
How's the retirement going guys/girls? A few months ago people were buying vacation homes and new cars with all the money they were going to make on LGTT. I don't really hear too much hype anymore with people throwing around potential share prices. Anyone still high on LGTT and all the "developments"? Seriously, does anyone really think this slug is going anywhere or do you continue to drink the GE koolaid? There are three rules when trading pink sheet stocks. Remember: 1) Once a stinky pinky always a stinky pinky - 2) These stocks are here to make the insiders money not you and 3) If you get lucky enough to have profit, sell before rule number 2 takes it away. If you adhere to rule number 3, you live to fight another day, otherwise you go down in flames like the majority of penny players. BTW - I have a few words for shareholders who hear their CEO make share price projections and berate them for selling or not buying their stock - RUN and don't look back. GLTA
Why would Greg/Ligatt need to sell shares when he has the World's Largest Caller ID Spoofing Service - LOL. PR after PR does nothing to the share price other than to provide an opportunity for more company dumping. Has anyone thoroughly examined the web sites, gone through all the pages, purchased anything, etc.? It looks like a 10 year old designed them. Speaking of tens, someone tell Greg his prediction of the share price needs some minor tweeking. Maybe math is not his strong suit. Is a 1/10 of a penny the same thing as 10 cents? At least I can talk to him on Tweeter and get some of the latest juicy celebrity gossip. Who cares about making money when you have those 2 really important things. Ho hum - life goes on and LGTT gets closer to trip zeros. Read my post from awhile back about share price prediction.
Are we at .10 yet? I think our savior Greg promised that by June XX. Bad boy CEO - running that "real company" for his beloved shareholders. Ho hum - still holding this pos - not sure why. Oh ya -I remember now, made some good green on the last run to .01. So I know it can be promoted. Waiting impatiently - Tick Tock.....
Are the MM's good if the stock goes up because they seem to be bad right now with the stock going down. No one mentions order flow when they talk about MM's. Do you think that has anything to do with it or do you think they wake up with an evil grin each morning and say I'm going to take down xxxx today just to make people mad?