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Do you expect that any company would ever say:
"Our stock is overpriced. Please don't buy it."
Anyone that believes this company is going to pump any amount of oil that would make it a good investment at this price should not open a trading account unless he wants to lose all his money.
Is a $160M market cap for an asset artificially valued at $25M which probably is worth below $1M enough evidence for you?
It will be under $0.10 in a few months. It has a ridiculous $157M market cap right now.
I didn't get exactly the meaning of your post regarding my post. Anyway, I believe this stock is worth about $0.01.
VWAP which is what really counts is $0.44 right now.
So true.
Since you are referring to those 25M in assets, can you explain how did they arrive at such a value?
Where did the 25M in additional paid in capital came from? There is no such financing activity in the cashflow statement.
I am not covering before it goes at least under $1.
This stock like any stock bounces every time it dips. However this is true until the final time that it won't bounce.
CORRECTION: There are 1.5M shares short not over 3M
There are over 3M shares short and only few are covering. They are waiting for even lower prices. I called my broker to put a GTC order to cover at $0.35 but you can't place such an order while the stock is in the grey market and you can't place any orders from an electronic platform. I will call again when it's around those prices.
I changed my price target from $0.38 to $0.26.
Thank you for registering to Ihub just to tell me how good JAMN is. I will be forever grateful. I have heard the same things about SILA, AMPW, PBEC, HHWW, AVVC. But it's so easy to be right with pump and dumps. JAMN is going their way too.
These companies also have some things called sales, profits, assets etc. What does JAMN have? A pumping promotion. Go ahead and buy as much as you can but only with monopoly money so you don't cry later.
$150M market cap? What a joke! Where would this stock be without promotion? $0.10?
It's simple to make money out of this stock. Just short it and cover when it goes below $1.
How do you like sub forties?
If it says so it must be true, right?
Detailed Quote:HHWW
HORIYOSHI WORLDWIDE
0.38 -0.02 (-5.71 %)AS OF 4:38:28PM ET 05/09/2011
Still making money?
No. If someone believes it is worth 100M is a fool.
OK. Just wanted to know if you are a fool or not. Apparently you aren't.
I still don't understand.
What the stock is worth doesn't have to do anything with the promo.
Promotions change price not value.
Then why did you write:
"this is worth AT LEAST 1.30" ?
The private placement in pump and dumps is always made by the insiders who pump the stock to make fools believe that's what the stock is worth.
Yes it has potential. It's a good short after the latest bounce.
Do some basic DD and check the chart of SILA which had the same promoter.
What income?
"Horiyoshi is a legit co. executing their business model ~"
But still overpriced...
Very thoughtful analysis.
The only thing that matters is your average price. Everything else is theory. You were saying all is well every day on the way down. Just admit your failure.
Covered 40% of my position because of a possible buy-in. Still holding the rest. However lots of profits are eaten up by interest on this one.
New historic lows. Game over...
No 10-K or NT 10-K until now.
That was my buy-in. I had a warning for 10273 yesterday and I closed the 10000.
They are busy with American Power Corp now which will have the same faith.
Same story, different price. Keeps pounding on the bid until it breaks and finds a new support lower.
See you at $0.20
That's the highest price target for every stock with a promotion and pumping budget of over $1M.
Why cover? This stock is going to $0.20.