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I just doubled down on my shares in JCP. I can't see it staying this low. Once the new CEO is appointed I expect a bump in share price due to a solidifying of the direction of the company, if nothing else.
And they should see increased traffic with Sears closing more stores.
Brighter days ahead, IMO.
GLTA
A couple of comments on this:
Agreed that 25M shares at .0001 isn't a lot. But nobody in their right mind would fork over $2,500 on a stock that is completely dormant.
Stating that there are only 200M shares at .0002 is misleading, because everyone knows that if and when the 1's are gone, more 2's will show up because the MM's that have shares at 1 don't display what they have at 2.
And that's not even counting the millions of shares that were ALREADY purchased at 1, the one-tick flippers who will take their 100% profit at 2.
GLTA
Exactly. We all have no choice BUT to wait.
I admire your optimism, I just don't share in it.
GLTA
And you think they're going to provide a filing and/or an update? I'll have what you're having.
GLTA
Right. Suddenly earnings and profits don't matter.
Good Lord, will the manipulation of this stock EVER end? Stocks don't drop 10% out of the gate without a catalyst.....
Honest question here - why do some of you out there think this is going to run? We have had ZERO communication from the company for over three months. Phone calls and emails go unanswered (I've tried). The CEO is a friend of the former CEO and has disappeared.
I'm just curious.......
GLTA
You are free to believe that.
GLTA
Not to mention the horrendous grammar mistakes consistent with Dwyer's PRs.
And nobody (that I saw) pointed out the most glaring F-up in the press release - they don't even know the name of their own company.
"Civil infrastructure projects located throughout the State of Florida is the next phase after Southern Construction has generated revenue from its initial 2 management jobs. "
Laughable.
GLTA
I've had shares of this stock for years. No need for me to 'jump in.'
I love the mentality of this board: "EVERYONE HURRY UP AND BUY BUY BUY AT THE ASK BECAUSE THIS IS GOING TO MULTI PENNIES SOON; while I openly admit to sitting on the bid."
No, that is not what is happening here. It's Southern Contracting, not Southern Construction.
Dwyer gave control of the company to his buddy from the Rightsmile days.
Which doesn't automatically mean that the new company can't succeed if properly run. We have to wait and see.
GLTA
Oh, it'll be longer than that. I play golf every week with a guy who works for a contractor who was hired after Hurricane Sandy, and he says they are still YEARS from being finished with that work.
GLTA
It's obvious now that last week's announcement was just enough to get BCAP from no bid up to where we are now at 2x3. This is about the best we could have hoped for. It will take something else from the company to move this any higher, IMO.
GLTA
Still on this one?
Where's your proof that they exchanged shares to eliminate debt?
This is too easy.
A poster wrote this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133676029
"How much money was raised for the Company during this time? wait I have the answer ZERO"
Then when it was pointed out that the company diluted into the market, the same poster wrote this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133676380
"Sorry no they didn't, but hey play the blame game"
Then, when the indisputable facts were presented,
"http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133696159"
... the poster admitted that the company DID in fact raise money.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133697498
"They reduced debt more than likely."
In the poster's opinion, mind you, not "more than likely." There is no evidence that they exchanged shares to reduce debt. We have no idea where that money went and it is wishful thinking at best to assume it went to reducing debt.
Mic drop.
GLTA
It's not so much a question of being legally wrong, it's a question of ethics.
Here's a fact - the company issued a press release on April 25 that created a lot of buying of the company's stock.
Here's another fact - the company issued more shares into the market at the same time.
THAT'S how the company profited. If you can't or won't acknowledge these facts, then I don't know what else to say.
GLTA
Nice edit. But you didn't catch all of your errors. You meant to say "THEIR company, not THERE company."
One more question, if I might - do you also believe that Matt Dwyer is no longer involved with BCAP in any way?
Dude you are making my day. This is hilarious.
But I'm done. Believe what you want to believe and I will do the same.
Good luck to all.
You are so wrong. Hardly anyone wanted an RS because they rarely work out for the current shareholder base.
And apparently selling one's shares for more than one paid for them is a no-no in your book? I got news for you, EVERY good trader/investor looks out for themselves, you included. Whatever.
Good luck.
If you don't think that the company dumped shares into the PR and put money in THEIR pockets, then we don't need to discuss this any further.
If they hadn't flooded the market with millions of shares, there would have been a very nice sustained run. They did this to themselves.
Good luck.
What did the market do for the company? Seriously?
On April 24, the share price was $0.0001. On April 25, they day they announced the new company and the departure of Dwyer (as an aside, whoever really believed that I feel sorry for you), the share price topped at $0.0005 before closing at $0.0004.
I would say a 400-500% increase is a pretty good market reaction.
GLTA
It's not an assumption. They know each other.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130833856
How about this scenario.....
FINRA disallows the reverse split and then there's no symbol change. Dwyer swoops in wearing a red cape and wrestles control of HIS company back from Timmy, and says he's going to rescue his loyal shareholders from this crook.
BCAP goes right back to doing what it always has done (which is nothing) and then we're right back where we started. Matt and Timmy, on the other hand, have thousands of new dollars in their pockets.
I would not be the least bit surprised.
GLTA
Not good news, however, I will say at least they likewise decreased the number of authorized shares by the same percentage. We would be royally screwed (which happens all the time in Pinky land) if they left the AS alone.
GLTA
And I was roasted the other day for having this exact opinion. LOL
GLTA
Ouch - sorry to hear that.
Hopefully the new CEO comes thru with his intent to get the chill lifted. I know you've been here a long time. Best of luck.
GLTA
Hi PL - nice to see you.
So does that mean you still own all your shares? I know you had a ton.
GLTA
For the record, of course I want this stock to run to the heights y'all say it's going to. I just have my doubts, that's all.
I'll leave it at that. Good luck to all invested here.
Sure there are. They're waiting to buy higher? LOL
You didn't go back far enough.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=68642372
I said I'll leave when the pps recovers enough for me to get out with a gain.
Again, asking legitimate questions is not bashing.
Sorry if I don't post about how many shares are traded on the ask.
I'm still in this because I'm not selling for a loss. I'm funny that way.
Good luck to all.
Happy to see the paint at 3 close. Here's hoping tomorrow we actually go up if we have almost a billion shares traded again.
You meant to say back to 1x2. this is fun!
I have asked the company questions. Multiple times. If there was anything of substance to share, I'd share it.
But come on, the company is not allowed to say anything that it doesn't already disclose publicly. That's illegal bro.
Aaaaaaand right back down to 1x2.
But we're not allowed to wonder where all these shares are coming from. LOL
Asking legitimate questions is not the same as bashing.