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So, is this person holding 100 million shares being shafted by PH?
Just like the rest of us?
More like 179 Million
Proof:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8808861
........... .. Page 6
It is just Crazy how the selling continues when MORE THAN the entire AS count has traded hands.
Since the beginnning of February, we have traded 30+ Million more shares than the entire POSSIBLE OS count.
So, assuming that PH diluted the entire 249M that he just got authorized, and added those 249M to the 35 Million shares that were already outstanding when the meeting/vote occurred, all shares COULD POSSIBLY be in hands of other peeps that are willing to take control of this POS and let it move a bit. Granted, we all know a sizeable amount of those shares are in the hands of VERY ACTIVE traders, but as traders, you know it benefits you most if you just quit putting up asks that inhibit a run.
The only other thing we have to deal with is naked shorters, and I do believe that with an extra 30 Million shares OVER THE Authorized share count, those shorters are primed for an unpleasant squeeze!
Let's DO IT, traders! Quit selling and buy up any shares short that they want to offer. If you DON'T SELL back to them to allow them to cover, this thing will shoot up in no time!!!!!
New Bag Holders??? or New Profits???
Tomorrow will give us a hint.
OK, Have at it!!!! You are ON!
Well, I'm in for a bit. Maybe, just MAYBE, I will make up my losses from the last two times everyone was saying it was time to turn positive again. I did very well on the pop to .075 back in January, but ever since then, over 3 trades - this POS has just eaten my lunch.
Maybe the 4th time is a charm this time. We'll see.
What if it never stops?
Peter Hoffman has diluted constantly for over two years now - he NEVER stops diluting.
That is how Peter makes his money - By printing worthless shares and selling them on the market and making them even more worthless.
He is an outright lying thief!!!!
AND the pattern continues as usual, LOL.
What? Don't know where that came from?
Have you not read my bearish postings today?
AND, not a foe, just a realist until I can see proof that I can bank on.
What docs?
It will continue this way until Peter Hoffamn is OUT; that is, IF PH is ever out!
Noone will buy any shares above the latest support because it is obvious that the latest support has immense probably to be the unreachable high within a week: A high that is not likely to be breached ever again. Then Peter gets desperate for more money to spend (kind of like the US government) and all he can do is issue even more shares at an even LOWER price, thus busting through any support the stock hopes to muster. And Peter does not release just a few hundred thousand shares, he releases millions upon millions until the price gets destroyed so badly that about 25 to 50% of the share value gets lost.
And there you have the pattern - will stay this way until someone new takes over the ship. Someone with some kind of dependable plan to start this company on a business plan of some sorts instead of a pipe dream.
Not sure there will be enough of a company left that anyone would even want if this does not happen within the next month.
I think NotRichYet makes a very profound point when he shows that there really is negative value in this company now, due to all the stupid financing that Peter did and deals with worthless talent that sucked up any value rather than added to it. Because of this, there is not much reason for anyone to come in and buy it, or oust Peter. Just let him continue to drown the company in shares that he uses to suck off enough money to pay himself and his daughter while they live overly extravagant life styles that they do not have the morals to earn, they are perfectly content just stealing from people in this crooked market.
Its pattern for over a year seems to have been establish a support for a few days to a couple weeks, then start to move off of it 7 to 20%, then come back to it and test for a day or two and then bust through it and go down, down another 25 to 60% and establish another new lower support.
So, I think it is likely.
Going down to .004 today?
Problem is, I suspect that this POS will have something close to 240 million OS by the time the deal closes, the way Peter dilutes and the way his deals always take 20 times longer to get finalized than they should.
Also, Peter has always overstated any valuation by about 400%, so the valuation of SAPX will be lucky to be around $10 Million.
So 10,000,000/240,000,000=0.0417
I see the shares might get to .04 or maybe .05 IF we are lucky.
And THAT is what Peter keeps banking on. That is why he will always win - he knows how to pick his adversaries so that they will not have a chance at convicting him or getting someone to force him to make restitution for all that he steals.
LOL, more than likely it is, LOL
You and I both know information is leaked constantly, by the minute, so all this bunk about insider info has become a ridiculous joke.
They will go after you when THEY decide it is to the politicians' advantage, and only then. They won't go after anyone until they want to make a point like they did with Martha, who was doing a whole lot less, MOUNTAINS LESS, than the peeps who put her in jail did and continue to do.
Why would you say that, I think it is a great turn of events if it really occurs.
All well & good - I certainly hope you are right.
However, does that mean SAPX won't be around much longer?
Has Peter ridden this horse until it is not only dead, but totally dessicated?
Or can someone renew some of its potential?
I really have my doubts because Peter has screwed EVERY SINGLE THING with this company up so horribly that I cannot imagine anyone being able to take on the tangles, along with all the debt, with hardly anything other than two movies with much value, and get it working again.
Maybe, Maybe not.
Price does seem to have gotten some renewed hard downward pressure again.
So maybe that huge lot is the total opposite of what we were hoping and Peter pulled another new trick out of his hat with which to falsely entice retail investors so he can again walk away with their money.
You really never know with Peter and all his manipulations and games.
I'm getting the same thing. For some reason, the market people are not including that 12.9 million lot trade in the total volume for the day.
A few weeks back, MT was posting about a banker being in town for a meeting right after SAPX released a PR stating that they would be open for being acquired, or other such deals.
I was getting very frustrated this week seeing that several weeks had passed beyond when MT said he had an idea of it being finalized. I was starting to think it was another one of MTs episodes of sticking his head in the sand with this POS, but after the trading this morning, I may have to give MT some credit - Lord knows he needs it after all the times he believed PH and Peter just continued scr----- the pooch!!!, LOL.
Yep, that's how I see it.
Are all these 4,999 size trades some kind of code here?
They have done 17 of them since 11:02 and they are really putting them through very consistently right now.
Has to be a reason they will not post those as an even 5,000 share lot, HMMMMMMM.
I was wondering if that was a MM covering. Hmmmm!!!
You got that right!!!!
Did you just see that 12,900,000 buy or sell? - I do not know how to tell which, but I think it is a buy.
Man-O-Man, something IS definitely brewing!
Not sure if it is good or bad, LOL
The trade went through at 11:25
Every single time that ____ PH talks, the exact opposite of what he promises happens, even though he swears it will NOT happen.
So, you might as well get ready for the next RS, if PH told you he would not do another RS.
It is all a deception game to him.
He loves smoke and mirrors and untruths.
So you are now admitting that PH getting thrown out was all a pipe dream????
And you announce this on what information? Just hope?
There is a good reason that all the excessive selling is occurring from the company itself and all the money managers holding shares at increasingly LOWER prices and that reason does NOT fit in with them thinking that this is going to appreciate in share value anytime soon.
I'm not so sure. The lack of posting much may indicate that the deal MT was hoping for fell through once the banker found out how worthless this POS was in the meeting a couple of weeks ago.
I am thinking that a couple million shares of this dumpage today could be MT finally giving up on the pipe dream(s).
I think it is bouncing the wrong direction, LOL.
That is what uncontrolled dilution does for you.
It will never end until PH is OUT, and it does not look like that is gonna happen anytime soon.
If you are trying to buy more - go for it, don't be afraid to slap that ask!!!!!
You know there is 350,000 at .034 on the ask just waiting for someone like you to take them home. GO GET THEM!!!!!
Looks like Ironridge Global has been paring back their interest in this POS.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8729482
Evidently they feel this is a no win situation
I'm sorry, but that was just too apropos and I am ROTFLMAO!!!
You are posting about this stock being like the movie "Groundhog Day" and the post gets posted over, and over, and over, and over again, LOL.
That is just too funny, I LOVE IT!!! LOL!!!
But never the .52 you were predicting just a few weeks ago!
The only way it sees that .52 prediction is when they do their next reverse split.
NOW I see why you lowered your prediction to .07!!!
Very interesting.
Thanks for finally providing the reason you now do not believe it will get above .10 again, LOL.
Why put it out again, Did they file a withdrawal twice?
Thanks in advance for any clarification.
Chat later - I gotta go.
Withdrawal of registration is out AGAIN. What the hell are they doing now - gonna make the warrants exercisable at .003?, since they cannot get the share price up to .03????
Link:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8695286