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Is it just me, or does that support at .0008 look pretty thin?
Looks like you picked the wrong week to be a world traveler! No such thing as cruise control on this train!
Previous auditor problems forced a delay of the 10K, thus the accumulation of the "E".
They announced a 1:100 RS coming 9/22, supposedly to help get to NASDAQ.
Now a race to see if 10K can come out in time to boost the SP before RS.
Could be massive selling going on if 10K doesn't come out before the RS if there are still weak hands holding on to what they have. Been a lot of shaking gone on already.
Other than that, this is a great place to practice your writing, because you can spin any theory you want in here and no one can say you are wrong or right, because it's all speculation until some hard numbers come out.
Zecco shows the last sale at .0018, so they must have counted goforthebet's paint job. (78499)
Yeah, that's for sure what he wants to do.
Why go to NASDAQ and become even more legit when you can dilute this thing to pink oblivion.
Get real people.
Good luck with that. A lot of people have been here a long time thinking the same thing. I'm surprised you didn't see the tumbleweeds blowing by as you rolled in to town.
Something is really messed up if no_BS_plz is getting censured.
The mods are getting severely carried away if that's the case. You are the most straight up poster on here.
Please save your posts, as I want to read your analysis of the 10K, and then the rebuttal of all the misinterpretations that will be twisted from it.
Keep up the good work, you are a credit to the SPNG community.
For all you (NOT) Tim Sykes Fans:
This came up on my Google SPNG alerts:
http://timothysykes.com/blog/2009/09/13/this-is-what-serena-williams-said-at-the-us-open-the-real-reason-behind-her-comments...-video/
He tries to be clever saying that Serena Williams meltdown at the US Open was directed at the SPNG sign, not the line judge.
He then proceeds to get trashed in the comments section for being an idiot... by posters on his own website!
Pretty funny!
Sorry if this has already been around. I didn't have time to sift through the 600+ posts since I checked here yesterday! You guys are killing me here, I can't keep up!
"The Taxable Income "IS" the tax owed.. -Wink-Wink! Per my Turbo Tax Advisor... "
I'm not exactly sure what that means, but good luck to you with that.
You will get a write off, but it will basically be the percentage of the tax bracket you end up in, not 1 for 1.
I'm new enough to talk, but admittedly don't know much!
I've only been a part of one R/S, and if that is typical for an OTC or pink (and from what I understand, it probably was), then I can see why some people are so upset. A lot of the penny stocks get diluted to the point they are not worth anything, so they do an R/S to get the price to something respectable and try to sucker more people in, then dilute it all over again... lather, rinse, repeat.
The one I was in was diluted to the point it's pps had dropped to .0001. They did a 700:1 R/S, so it should have opened at .07. It never made it. It opened at .04 something and went down from there.
So as far as I can tell, the people on here who trade and flip pennies to death think that by SPNG doing a R/S is a death sentence.
The investors on here seem to understand that whether or not the R/S is actually carried out, the company does actually have a plan, and it is a good one, and we are all going to make some money.
Personally, I am listening to the investor side of the camp.
Zecco has been great for me as well. The only time I've not had a buy go through right away is when I've been on or below the bid, and not at the ask. Maybe your friend had his buy price a little low?
That's the kind of optimism we need!
I first bought at $ 0.0043, now avg down to $ 0.00227 so I need to thing to start jumping just to get green.
Well, sort of... That $100 loss comes off your taxable income, not the tax owed. You don't get a 1 for 1 write off.
OK, folks, I'm a believer. Just loaded a few more shares at the ask, now let's get this thing moving!
Is it possible AYME is loading up just to capitalize on the MOASS? Then they would be the ones to feed the shorts as they come looking for covering shares?
"Right here looks like a good place to sell if you're allergic to money."
ROTFL!
People still seem to think there is a huge NSS problem. I’m not saying there is not, but what I can’t figure out is why it seems some people think that whoever is at the heart of it (NITE…, etc.) is an idiot.
As someone mentioned a few days ago, these guys are very sharp, and know what they are doing. So why is it that people think that if there is NSS going on, that whoever is doing it wouldn’t have an exit strategy? Do we really think these guys are so greedy that they would risk the kind of money being discussed around here if a squeeze does happen? Do we really think these guys are shaking in their boots right now?
I’d like to see some of the more knowledgeable people on here tackle being the devil’s advocate and try to come up with a perspective from the evil MMs who are supposedly shorting this stock on how this will play out, because I’m pretty sure they are not planning on losing money.
Z4? No BS? Anyone?
frankieh,
Nothing about being a Sponge newbie, this is the same for any stock.
After a 100:1 R/S, for every 100 shares you had, you would have only 1 share, but it should (the operative word) be worth 100 times what it was before the split.
So if you have 100 shares now, and let's say the R/S happened now with the pps at $.13, worth a total of $13.00, after the split you would have 1 share, but it would still be worth $13.00.
There will be no fractional shares, they will round up, so if you had 150 shares now, you would have 2 shares after the split, not 1.5.
Hope that helps.
"just came in for lunch...can someone give me the readers digest version of what's going on. thanks. "
Readers Digest version:
Company announces a 1:100 reverse split by 9-22.
Company put $4mil into getfugu Internet search company.
Bashers and pumpers both on speed today.
Weak hands are bailing.
Strong hands are saying thanks for the shares and continue to add.
Middle hands are screaming, "What's going on!"
Still no 10K
Most are just walking blindly in the dust storm waiting for it to settle a bit.
You can find someone to agree with just about any view you have on this stock at this point.
It's basically crazy town in here.
I gotta give props where they are due, and you (your broker) did call this.
So more importantly...What is EF Hutton saying now?
Here's another link someone posted yesterday:
http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=US8491091034
Thanks, but I've already set a high GTC sell through Zecco without any trouble. I was just wondering what the prevailing thought strategy was. After reading your post you mentioned I'm guessing I was right in that it is basically just to catch the MOASS on the way up.
Sorry for the noob question, as I'm sure this has been covered ad nauseam, but this board is so prolific I'm having trouble sifting through the posts to find this answer:
What is/are the main strategy(ies) to setting the SPNG GTC sell price so high?
A while back I read that it would keep the MMs from "borrowing" your shares they were shorting (for those with margin accounts). Now I'm wondering if it also has something to do with catching the MOASS on the way up.
Your thoughts?
Train .14 is a long ways down the track my friend, and I think you missed it.
I don't know if this board can handle the three day weekend WITH it!
A nice family weekend...ruined by certain family members studying the 10K, and then arguing with fellow ihubbers about what it means and it's impact!
From the RBID.com home page:
"We are a company that is quick and agile and intent on our ability to stay current and cost-effective in a fast-changing marketplace. We believe in the old-fashioned business model that if you find and fill a compelling need and strive for building a relationship that develops customer loyalty, it can be a life-time relationship! We want to establish a unique bond where you will be committed to buying the products or services from our company alone and it would take something truly earth-shattering to acquire it elsewhere. The secrets to success comes one relationship at a time. RBID will build a lifelong community of colleagues, Mentors, and business and social contacts and provide the tools, infrastructure and strategies with the objectives of exploding sales, stunning the competition, wowing customers, and achieve exponential growth."
Is that all a bunch of hooey? I hope the customers fare better than their investors, because it sure seems that they aren't doing a whole heck of a lot to build relationships with their investors, or worried about their loyalty.
That's one slippery sponge!
Yeah I wanted to say something, but I've been laughing too hard! I needed a good laugh, so thanks.
Sorry D&C
You are assuming that update would be of a good nature...
I'm afraid that if the news is even slightly good, and the pps rises at all, there will be massive dumping by those here who are tired of holding this dead fish, and it will be right back to where we are now.
Let's hope I'm wrong, but I think it's going to have to be some killer news to get people to hold.
I thought the magic word was WEEEEEEEEEEEEEEEEEEEEEEE!
I keep thinking of doing that also as my avg pps is just under.0003, but I just can't figure out yet if that would be throwing good money after bad...
I've emailed the company twice (once directly, and once through the Internet from their website) for any news on what they are doing, but haven't had a response.
Wow, I'm sorry you posted that, because I just checked Zecco and it has the ask at .0001 and ZERO volume. Apparently no one wants any of this right now.
Oh well, not too much to worry about for me here as my position is so small it was more just for fun than anything else. Too little to sell, so I just let it ride to see what happens.
Whoo Hoo! My AMNE is only down 65% on my Zecco account!
Really, anything better than being 80% down is technically green after a 5:1 f/s, before the split shares show up, so I'm happy!
It'll just be nice when those shares show up to turn that red to green!
Great day. Just sucks that my Zecco acct shows me down over 68% because I don't have my split shares yet!
I know! I had a Cash For Gold banner on my email program!
That just rubs it in!
On a positive note, if we can actually get the symbol change, and some muscle behind it, this may go.
As an example (On topic, please don't delete): PINR (Pine Ridge Holdings) was changed the MIKP (Mike the Pike Productions) to better align with the new company name and their entertainment focus. The stock has almost doubled today just on the symbol change alone.
So let's get out of The Fight Zone, and into the Gold Recycling business!
It sold! I'm not sure how long it took, maybe an hour or so. It certainly wasn't immediate.
Anyway, I originally bought 4m at .0001, mid June, sold 2m at .0002 fairly quickly. Thought I'd ride out the rest for more gains, but that never happened. Dropped the sell to .0002 and been trying to sell the rest for almost 4 weeks. I got scared so I just dumped the rest at .0001.
Still $200 ahead, which I am quite grateful for considering the tone around here lately.
I really hope the hype pays off the the rest of you, but I needed to move on.
GLTA
I've had a GTC sale for 2m at .0002 since 6-30, and haven't moved a share. They are free roll shares, so I just changed the GTC price to .0001 and I'll see if I can bail out of here.
It's time for a WEEEEEEEEEEEEEEEEE from the company to let us know they are still alive and kicking, and when the name change is going to happen, and...well...ANYTHING!
Ready?
GO!!!!!!!!
Thank goodness you finally sold all of yours, now maybe I can get rid of mine!
You woke me up, and all the responses reminded me of why I'm still hanging on, so I canceled my sale. I still think they can do something with this company.
So if I may...
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE