New to iHub, but old man
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It's GOOD for me since LVVV has crashed down enough for me to buy in cheap at only $0.017. YA YA YA.
Fine print? Isn't this Pennyland? LOL
Is that a good thing or bad thing? Will LVVV's future be brighter because of it?
MARK: Average cost $0.017 over last two days.
ASHER ENTERPRISES crushed it. Looks like they're done per filing.
Nothing to do with old CYCA. It's the new people who are having issues with their own lawyer. Too bad it crushed the stock short term.
Loose lips sink ships. Always pay people who do the work, OR ELSE...
Down trend? Nothing to do with trend.
You have to pay the lawyer or else they will air your dirty little secrets for the world to see. NOT GOOD. It will take a ton of good PRs to overcome this drama.
Who lied? Or did they?
Careful, public filings are just that....PUBLIC. Full spot light.
WOW. Interesting read.
Need 9.1 cent bid to sell for a nice profitable round trip. Another good PUMP should get it over that.
WOW.
Love making money trading here.
No they DO NOT, especially when they waited until almost NO MONEY in the bank. Wink.
LOL, was just saying how crazy it is that some pennies give up almost 10% of their company to get a few bucks.
Giving up 9.9% of a company is just crazy, but so is BK. Yikes.
$343.22 trade (63,560 @ $.0054), WOW.
Someone must need money badly to throw it at the bid.
WOW. Full PUMP. About time you used some of that HUGE cash deposit.
Still in the GREEN. Let's GO GO GO...
55 bid??? What is going on with the support?
Good news is that no one seems to want to sell at 75.
Bad news is that no one wants to buy at 85 either.
WOW. This is like EASY MONEY trading AMBS. Gotta love the swings.
UP UP UP.
Go Mr. G..... go go go
LOL. This is like my 5th round trip. Ya, made tons of money here.
Ya, ya, ya.... I have been there and done that many times.
The new IR boys better get their act together or else honeymoon will be over very fast.
5.4M is only about 45K. Normally goes for 50% of market price, which means CNCG only received 25K at the most.
Ya, we all know 25K doesn't last very long. That number will increase increase increase until Janus can turn cash flow positive. When? Maybe 2015 Q3. Until then look for selling pressure from toxic.
Of course they won't walk. Who else will pay them $191,000 per year running a 5-man operation? LOL
Add this 191K to the fact that they've quit CNCG, tells you that they intend to run Janus anyway they see fit. What will this mean? To me, it means Janus will continue paying big bucks to their own big dogs while sales climb. What this also tells me is that CNCG will use this for their PR to obtain more toxic financing and shares will not move much higher than 1.5 cents per share. YES, anything higher than 1.5 will be met with toxic selling.
Hey, a trading range emerges. Love trading stocks with good products and toxic financing. Traders can almost be assured of nice wild swings. :)
Big shots, you want to live without them but CANNOT. Without the 2 big nice Janus guys, CNCG has NOTHING. It would only be a shell company without revenue and without a future.
Who knows this? CNCG and the two big guys.
What happens if they walked? No one at CNCG knows how to run Janus nor have its long standing (personal) contacts. When large orders come into a tiny company, it's more of about the people and less about technology.
2015? Sure, CNCG will be up from these low levels once the toxic boys are done. How high? That will depend on the what will replace the old toxic.
Ya, what's up with these new hot shots? Better prove themselves to be good IR guys soon or else prospects will laugh at them when they pull up the charts on CYCA.
You wanted to be in the spotlight? You got it.
Nevermind CNCG shareholder value and how corporate cash account was drained dry, these 2 Janus big (nice) guys will continue collecting fat paychecks like they're running a HUGE company.
Have you looked at the employee count on the latest filing? FIVE. Ya, 5 people on payroll. But if two are pay $191,000 EACH, how will shareholder value ever increase?
Doesn't take a ton of Wall Street sense to figure out $191,000 a year is too much to pay for ANY employee of a stock trading at $0.0083.
Their paychecks are in the filing.
These guys are paying themselves directly from Janus bank account (NOT CNCG). No idea if Janus is paying anyone from corporate office. LOL
MARK $0.071 re-entry price. YES, I am back in AGAIN.
This makes for my 4th trip back in? Or is it my 5th? Love making trading here. One thing about Mr. G, he is good at PRs.
PUMP, please. LOL
$200K. Didn't know the 2 boys at Janus were making $200K per year running a tiny company. WOW.
Rarely see a tiny company with 2 guys take home paychecks nearly 25% of company revenue.
$2,268,127 is a big deal for such a small company. Sure, it's nearly flat compared to last year. So what? Most pennies have NOTHING. Yup, most have NO SALES and only fluffy hot air.
When you think of the number of employees this little company has, it comes out to about $200,000 per employee in sales.
Do you know of another penny stock company with $200,000 per employee (including secretaries and receptionist) in sales?
My problem is with CNCG corporate. They don't seem to be helping Janus (at least on the surface).
Soon? Hope? That's no way to run a company.
What then? Game plan?
Short term objective: Get cash. Grow biz.
If I was CEO:
STEP ONE: Cut expenses by laying off under-performing sales people and get rid of any employee who doesn't generate sales. In other words, cost control.
STEP TWO: Borrow against inventory. Sale of account receivables.
STEP THREE: Swallow your pride by product licensing (thereby eliminating the need for in-house salespeople overhead). Sure, keep the few hotshots while augmenting sales through partner channels.
STEP FOUR: Whooooops, the most important step to take is...... Sorry, no free advice. LOL
I am sure any beginner CEO knows STEPS One-Three, but you would be surprise how many CEOs do not know how to execute them effectively or efficiently. So many CEOs just cry, I NEED MORE CASH (until no one listens to them anymore).
One thing for sure, he is not getting the cash from Janus. Even though CNCG technically owns Janus, I don't think the boys who just quit the board is going to give him a dime. Janus needs every penny to run its own operations.
So if CNCG corporate doesn't generate any revenue to produce cash, where is the money going to come from? Ya, you guessed it. Equity sales or debentures.
It's coming down on volume. Good and bad about that. Many sellers, but there also seem to be some buyers too.
Too many bill collectors and not enough cash. It will take much more than toxic financing to solve this upside down liquidity mess.
Where is CEO's 75K coming from with only 20K in the bank?
Maybe this was the reason why the boys at Janus got so mad at CNCG. Isn't merging with you suppose to take care of our money problems? Are you suppose to provide me with growth capital?
Wait. You don't give me any money, but YOU OWN ME???
Wait. Tell me why I am paying you a fat paycheck when I need the money to hire salespeople to sell cam???
In a high tech world, you never want to sit on huge inventory. Their inventory jumped from $190,281 to $474,034 for an increase of $283,753.
This company needs cash badly. Only about 20K in bank with accounts payable through the roof. I would be scared.
Oh well, standard practice for most pennies with big dreams. Hard work with good products may bail them out over time. For now, let's hope the bill collectors will give them some breathing room.
Make it simple. Use the same brokerage firm and have the broker do a cross trade at for whatever agreed upon price and size. Done.
Nite didn't sell today. Someone may have used them to execute a trade, but Nite itself most likely didn't sell from its own inventory.
MM's are there to offer a market in a stock which they make a position in. Most only hold enough stock to offer an efficient market.
Nowadays, brokerage firms limit the amount of company capital it is willing to risk making markets. Traders on the desk are not expected nor rewarded making money on risk capital. It's all about fees (both principle or agency) trades.
To whoever is selling, STOP before you crush the bid. Slow down. Market needs to adjust or else you will ruin it for longs and potential traders (looking to trade the range).
Can't be the insiders. They can't sell until 48 hours after earnings release.
Must be holders who got FREE shares and are now free to sell them. Or selling short while their shares are freed up.
Tomorrow can be a very interesting day for trading (especially if it pops up or breaks support).
STOP selling before you knockout the supporting 8 bid.
CNCG needs to get its act together with bid dropping without volume support.