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They will stall as long as they can. There is no limit to the number of times "tomorrow" will come out of their mouths no matter how many times they failed to follow through.
It goes up when they do that, but there is no real volume when it gets up.
I'll believe 8m when I see it.
They makes claims all the time and have never came through on them.
I was with the company when they did the last reverse split. Tony and Sarah Baker bought the ticker. Then the did a huge reverse split, took the stock price up to $3 - then spent the next few years dumping stock off on any investor they are able to scam.
Now it looks like they are selling it off or something, and when the new company/owner takes over - they'll do the exact same thing.
It took them a little while to do the reverse split, they can "approve" it, but that doesn't mean they'll be allowed to do it.
It's just a shell company and a scam. I don't know why anyone would buy stock here. They don't even pump and dump it anymore.
The information is copied and pasted at the top of this page.
But their deadline passes today, so it won't happen as I mentioned last week.
They did a new filing a few days ago, but I haven't had time to check it out. But I'm pretty sure it was just a financial report, not an announcement.
Doesn't look like the R/S is going to happen for the 2nd time.
Which means they won't do anything with this stock in the near future.
I guess "the board", will approve their side again, but doesn't look like they are being allowed to follow through with it.
They have to warn investors before they do it is why they put that in.
They will do a 2700:1 or so reverse split if it was like the last one.
Take the price up to $3.
Then the people who own the majority of the stock will sell "the company" some over priced asset(aka say something worth nothing is worth millions) as an excuse to issue themselves more stock, and they'll sell until the price hits bottom.
I remember when it was $3 a share, but good luck and sell quick.
The board has approved it the past 2 years.
With these shell companies, the new owners will split it as soon as they are able too. Tony did it a few years ago when they bought it. Took the price up to $3 a share, and now they've bleed and sold it out down to .0001.
Almost down to .0001
Doesn't look like there will be a jump before RS.
Good luck getting volume on higher numbers.
Tony and Sarah are con artists that use the church to rip people off. I'm not going anywhere.
It's been wait and see for 4 years now. It has never flown to the moon, it's had a couple of short spikes that last for about 2 or 3 days and have no volume.
It's unlikely it will go up at all IMO.
And as for any "CEO's" they hire, it's mostly fake news and just a name. This company is run by the majority stockholders in the background and the listed names are in my cases just figureheads.
Well, that is if you want to call it a company rather than what it really is - a scam.
Maybe you'll be lucky and they sold the company to someone else who will do something with it, but since the first thing they are doing is a RS, it's pretty obvious to me they just want to raise the price up again so they can profit off the shares they sell.
When they run out of shares, they'll just create another company, then sell it to themselves for a ridiculous price, take the money in shares and then sell them to you and whatever other investors they can scam.
Sorry, but that's the truth about this stock.
I worked for Tony, so I'd believe it.
He claimed he no longer had anything to do with this stock last time I spoke to him. He also claimed he was going to teach me a lesson and drive the price up, but that never happened.
I'm guessing he is still majority stock holder, along with Sarah. Their other stock is about to reverse split and name change, it may have sold, not sure.
So they announce an increase in shares and a reverse split at the same time?
Talk about bending the other investors over.
Reverse Split approved again.
They did not buy any bike company. They sent out their usual fake news press releases claiming they were going to work with an electric bike company and another company for solar energy, but as usual nothing ever came of it because it was fake news.
They did actually buy less than 1% of Windstax. And that's the only positive thing that's been going on here.
It's not a real company. There isn't going to be profits. At best they'll pay for some more press releases with fake news and a "new direction" and new plans. The stock will usually rise a little bit, but the volume will be low because there aren't enough suckers to go around.
The only play that exists on this stock is if you get it at .0001 and don't mind holding on to it for a long long time, and then selling it for profit ASAP, rather than chasing a "peak" price. Then your only risk is they reverse split.
And that is the stone cold truth about this stock.
I wonder what fake news they will create next.
I don't think a single one of their ventures thus far has produced a penny of revenue.
Seems unlikely at this point. Even the guy that has pumped this stock every day for the past 3 years is gone now.
But good luck if you know something. Seems about time for Tony and Sarah to need someone to buy their shares.
It'll move someday. But good luck getting much volume out of it.
hmmm, ihub shows both at 1.
I was guessing 1 is a full order only and the other isn't big enough to fill it?
Bid and Ask are both at .0001?
There is no business, it's just a pump and dump.
At this point the only thing you can do is wait and hope they decide to pump it again soon. They'll come up with some "new" bogus business plan.
When that happens you will see a spike that will make it seem like you are about to make a bunch of money if you just hold, but the volume is typically low at the higher prices.
Why would there be a run before a reverse split?
It's like a hot potato and whoever is stuck holding the stock loses out.
It says they are going current so that they can reverse split does it not?
How is a reverse split good news?
Where/What was the good news?
It looks like they are going to go ahead with the reverse split - again.
Am I reading this wrong?
Same thing they did 3 years ago when they did the reverse split. They took the price up to $3 a share, and have done nothing but sell off shares down to the current price.
Seems like anyone invested in this company is about to get bent over - again.
Is a 1:1000 reverse split coming?
Looks like the expo itself is pretty much a failure anyway unless they get a surge in signups.
http://energyexposition.com/floor-plan-2017/
There is the floor plan, only about 20% of it is filled.
$1,700 for a booth.
$SMAA is not listed.
Pretty sad that the company can't even create a presence at a function the CEO is said to be involved with.
That would be like Phil Knight hosting a shoe expo and there being no sign of Nike.
I doubt Kit even mentions this company due to embarrassment.
So how much debt is left to Tony and Sarah(Baker Meyers) now?
Did they get bought out, or is it just more smoke to hide things?
Their last financial report included major dilution.
These reports don't come out until after the fact.
That was just the last time they updated their financials.
When they update again, it's likely to be more. For example, I'm sure they had to give windstaxx some shares for the less than an 1% ownership they have. They don't have the cash to buy it, so shares is the only way. But that hasn't been accounted for in the financials yet.
Currently, they either aren't paying for the financial audit, or they can't find someone to do business with them.
They issued out nearly 1 billion shares less than a year ago.
Hundreds of millions of shares in dilution.
The domain expired. You can buy it for $3500.
It's about what I would expect from them after working for them. As I've said before, they are incapable of carrying out even the most basic functions of being a responsible business.
But they will "rebrand" or whatever if they ever announce new news again. They do that about every 6 months or so.
New day, but same old SMAA lies.
I tell the truth about SMAA and the people who run the scenes with the stock. I'm not just "bad mouthing" the company, I'm warning potential investors what kind of company and people they are dealing with.
I always give my honest opinion.
And yes, not getting paid for nearly 2 months was a big deal. I have a family to support and lived paycheck to paycheck. I ended up being evicted from my house, after taking out loans to cover those 2 months. It took me over a year to pay off those loans.
I'm still stuck with 2 negative remarks on my credit report for my electric and cable bills at the time.
All the while being told almost daily that I would be paid tomorrow. I wouldn't have even bothered covering my expenses with loans for that time if I had known they were going to screw me over.
I quit a job I'd had for over 14 years at the time to work for these peoples and their bullshit promises.
The only bright side is it took me less than 48 hours to get another job, but the damage was already done.
I'm not a "former disgruntled employee". That would suggest I was upset while I worked for them etc. I'm someone who worked for 2 months full speed and ended up quitting because they weren't making payroll. I got screwed over.
The people who really run this company are flaky and dishonest. I saw firsthand how they are and they aren't capable of running a legitimate business.