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Agreed, if they rejoin the shipping industry. I had sold a large position after the RS took a bite out of my account. But I hang around watching for news of a ship being put back on line because I think the ticker will make some strong moves towards .20+ when that occurs.
Dead empty shell for now.
If my current play that is sitting on 5 bags breaks to a 10 bagger today; I'll sell and move all my profits here. When will I have my millions? I was originally thinking I might watch to see if my best play of the moment might go to 15 or 20 bags, but you may havee me sold?
Because the overall trend has been down, I've set my next buy order at .0102. May or may not happen tomorrow, but my last buy was at .0108 and then it dipped below .01 so I'm going to wait for it to get closer to .01 this time.
GLTU
This is the craziest board I've seen in a while. Gives me a good laugh though. May have the next buying opportunity tomorrow???
I was about to make the same statement, we now know a number. And moving forward again!
That wall is going to fall, I'm just curious how many shares are there? 24's hit strong yesterday and the 25's were hitting until it became clear that the 2500 lot that was posted was unlimited. My curiosity is whether or not the remainder of the .25 lot sits behind that .2497 order or if the owner of that .25 lot just moved the price down to .2497 since both were listed by ETRF.
I wish I had a large IRA check to hit that ask with, curious how much Stark plans to take out? Maybe he will knock the wall down Monday if it doesn't fall sooner? LOL Either way, we clear .25 soon!
I hope you're correct. If the ask gets hits aggressively enough, the order will move no matter how much is hidden as they raise their ask (or get taken out.)
It's exciting that the ticker appears that it will be pushing the 52 week high when the Q is released. Lets see profits on that Q and race through the .30's. :)
Our thoughts are not that much different on this ticker. .01 is a solid base IMO, although I don't think we .05 - .07 this fall but who knows? If you truely believe in this ticker then buying several million shares is the way to go if you are right and we see pps in the 5 - 7 cent range this fall. We will both make some coin then; although you will make more if you are accumulating shares at .01 level.
I'm in another ticker that I'm holding long-term with an average of .045 that is in the .25 range now and still looking for additional gains so I do buy and hold OTC stocks occassionally, just not holding RSII for anything other than occassional flips.
BTW, I did enjoy the run into the .02's. Only had 250K shares though, bought at .0085 and sold early at .0188.
I am hoping for the best here but will keep my powder dry and ready for several opportunities I am watching and will pounce on this wave as soon is I see it forming!
I think the PR was seen as a non-news event and the ticker is just staying in the .012 - .0155 range we've seen for a while now; at least until we get the quarterly released. Profits on the Q or an actually news worthy PR will send this .02 quickly, maybe more?
On the positive, the amazon news isn't all bad. It does indicate that the company plans to contain warehousing and fulfillment costs by utilizing amazon's network which could translate into a positive bottom line on the income statement. Just have to wait and see on that however.
If the blocks at .24 and .2497 persist, you should be able to buy all you want at .25 or less on Monday.
Dang, you need this to hit big so you can pay that CC debt off. LOL
Hey you're a believer, I'm a skeptic, and we aren't going to change each others minds through our back and forth debate on IHUB. Only audited FINS and a sustainable climb in stock price (that isn't followed by a drop back to previous levels) will convince me that you are correct. For you to become a skeptic, it will take a lot of negativity and financial loss,.
Considering the levels you have previously stated you are in for, I sure hope I am proven wrong and you make that million because I am not going wish ill will on anyone! Better that I miss the boat than seeing others lose their investments!
I'll get flamed for this statement just as I did yesterday. However my personal take on this news is that it is an artificial attempt to pump up some interest in the ticker. The reason I say this is because I do the same thing with my own company; use amazon for warehousing and fulfillment of orders and I personally would have never thought to make that a PR annoucement if my were S-corp was publically traded. Anyone can do this with amazon with any product, so to me it is not news.
Just my 2 cents worth...and that's all it's worth. Not bashing, not promoting, just an opinion. (I added the last for those who take such opinions as some sort of personal statement attacking them which seems to be happening here lately.)
Straight from the 2017 10K:
LIABILITIES & EQUITY
Liabilities
Long Term Liabilities
Convtb Prom Kost Winner 15,000.00
Convtb Prom Note Brother 5,000.00
Convtb Prom Note Bush 5,000.00
Convtb Prom Note IBRE 32,000.00
Convtb Prom Note La Jolla IPO 18,480.00
Convtb Prom Note Liquid Mgmt 2,938.00
Total Long Term Liabilities 78,418.00
$78K in convertables at the current pps is 125+ Mil shares to cover the debt.
How does Buzzy sell? You're correct in that he doesn't get online or call his broker to execute a sale of X shares; he borrows money and issues a convertable note that is the sold by the note holder.
He gets cash and the note holder profits greatly! He is able to do this as long as his books are unaudited. You're correct that this past year VGID showed some profit, 48K on a little over 1 Mil in Revs according to unaudited FINS; however, the current pps of the ticker shows that traders have no faith in his numbers until he actually gets them audited. It is in Buzzy's own self interest, considering the amount of shares he owns to have the FINS and company audited because if his numbers and claims are verified this ticker would move into the .005 - .015 range which would do wanders to his and shareholder brokerage accounts!
Next, since you brought up FH specifically (from their 2017 10K)
There are Eleven (11) issued and outstanding Convertible Notes Totaling
$165,506.83, accepted, confirmed, acknowledged as current debts and
obligations of FERNHILL
At current prices, this is another 40 Mil or so worth of shares yet to be diluted which is one of the two reasons why I will not invest in FH. The other is the fact that FH is associated with Buzzy. The did earn $202K in profits according to the 2017 10K and their is lot to like from the 10K except that they do not have any audited FINS either.
Don't make the mistake that Buzzy doesn't sell shares because he does and will continue to do so. As for FH, if they break free of Buzzy and operate their business transparently with audited FINS, there may be some hope for them???
Dilution IS a major issue in the OTC. Simple math; companies AS is 100 Mil, OS shares 10 Mil, float 5 Mil, SP $1.
You own 100K shares that you bought at .50 and still hold at $1 for a 100% profit and the company hits a snag and needs cash immediately (they will not broadcast this need). If they have solid earnings they borrow the money through legit sources and continue on, if the profits have been in the red (such as most all of the OTC) they look for dilutive financing. Again, they will not broadcast this, wait to the last possible moment, skirt the rules of the SEC that most OTC companies ignore (and many of cry for lawsuits over), and they issue more stock that they simply take out of their bank of AS's. Now the OS shares is at 25 mil and the float is at 30 mil and SS still seems OK...except for the investor who held through the dilution. His gain that was 100% is now a loss of 60% as his share value for his 100K shares has gone from $100K to $20K ($30K LESS than his original investment...assuming the SP doesn't trade much lower due to the scare that share value has been dilluted so much)
Dilution steals your money...it isn't just a scare tactic. The above scenario has happened many times in the OTC and sometimes its an overnight occurance.
The SS I quoted earlier from OTC Markets that I was told was crazy is the same SS listed in RSII IBox, which is better than the SS posted of 600 Mil OS shares quoted by another who also said I was mistaken on my SS numbers???
I like RSII on the whole, to flip. Maybe buy and hold a few shares later, but for now I'm only going to flip this ticker until there is evedence that past history will not be future history. For me, that starts with an income statement that doesn't end in red numbers. Anything negative I have to say, is not going stop where this ticker goes. Anything positive I have to say is not going to propel this ticker. Just look at the chart, the amazon news caused a small spike and then a faster retreat, because it isn't news worthy of a PR when any of us can do the same with amazon. I have amazon do some of my own warehousing and fulfillment for my S-corp...maybe I should go ppublic and let that be my first PR? LOL
For RSII, dilution is a concern. They had 500 Mil shares OS standing 6 months ago, a reported 600 mil (according to another poster earlier today) and if they have 700+ Mil OS shares later this year then it will be impossible to see the SP reach .05 other than if the ticker takes off on a P&D type of run.
Hopefully, everyone makes money here! However, there will be some major bag holders along the way because RSII is on the OTC afterall.
GLTA
Ok, someone got their feelings hurt. Half a Billion shares outstanding, 358 Million share float (latest OTC Market reporting), ZERO profits in the history of the company, and this is an industry that is subject to the changing winds of politics. And I'm the problem because I see a channel that can be traded on a somewhat regular basis?
Aren't we all? LOL. Are you offended that I don't view using Amazon to warehouse and fulfill orders as true PR?
How about this; it's smart of RSII not to spend more money than necessary to warehouse and ship product and using Amazon may help decrease expenses so that an actual profit may appear on RSII's FINS. Until profits are booked and appear on the FINS, the pps will be a flippers game with the occassional run to .02 or .03 showing up.
How's that for a bit of positivity on the news of a PR, that's no big deal, bieng issued?
I think this has a real run in it and that's why I stay here. Just wish they would issue some news of real value, if they do, I'll immediately jump on board to ride the wave. Until then, I do what I do and follow the existing trends and patterns that are in place and earn a few dollars flipping this thing.
Sure, it's a real PR, but you, I, or anyone can place a product with Amazon to have them warehouse and complete order fulfillment. This isn't like they have a product that is now being placed on the end-caps at Wal-Marts throughout the nation.
I'll continue to flip and wait for my next entry point. Made 40% off one flip here this week. Granted it was just $1200 in profit, but I have that in my account as we speak ready for the next entry point here or someplace similar.
GLTU with the PR!
That's why hidden orders are so irritating. However, the seller could just as easy place a continuous string of orders in smaller lots and achieve the same effect. At least this way, we know we are looking at hidden orders most of the time that we sizes of 2500 and 10000.
Oh yeah, 6's are too much to pay! Had to way much longer than I was comfortable to complete my last flip. Gotta wait for 3's/4's this time.
Pop, you have this company correctly judged! Going nowhere and the spinoff strategy is just a scam that Buzzy came up with to maintain his personal lifestyle through the sales of OTC shares. The only way to a strong PPS is solid earnings, VGID (nor the spinoff companies) have any earnings which means that the only money to be made is flipping or diluting. I flip and Buzzy dilutes...we both make money.
Buzzy relies on the churn of IHubber's and others looking for a quick rich scheme such as what Buzzy pushes so that he can continue to dilute (sell) his shares. PPS is of no concern to him as long as the churn is there.
The action is awesome! No pumping, very few eyes on the ticker here on IHub, no individual agendas, no bashing, and no crazy claims of how rich we are all going to be when this rocket takes off.
This board and this ticker are gems in the OTC. I'd say I can't wait to see where we go from here; but for stark's sake, I'm willing to wait a little longer so his funds can clear and he get some more shares under .30 :)
Dropped to .03 today. I think they will get them sold at that price, still waiting for low two's later this year personally.
My heart just stopped...what did I miss, level 2 shows nothing but red??? Whew, left the Level 2 open on another ticker I've been watching for a new entry point.
It's a great day afterall, the base at .22 X .23 remains solid as we wait for the awesome FINS that are soon to come out on the Q...and my new entry point on that other ticker is fast approaching!
Foriegn registry is the number one big reason how.
Evertime I've used that logic, I have lost money because VNDM (or whichever dilluter) comes in at hits the bid with a massive order at some point that instantly wipes out all gains and you can't get out quick enough.
BTW, VNDM was on at .0151 today also. Beware of their games, hook you with the "They must know something" ask and then lose your money when they whack the bid.
GLTU
In last week at .0108...out today at .0151
Rinse, wait for price to drop again, repeat. I love 40% short-term gains!
Have a good day all, off to monitor my other plays.
Thank you RSII!
I think I despise the hidden orders more so than the large walls. How many shares does NITE have that they selling right now? I understand the desire to hide the true size of order, but that doesn't alleviate the frustration of seeing it done that way.
Either way, the base is strong and just waiting for the next catalyst to move forward, evidenced by the 53K share order that just hit at .23!
NITE started the day with around 200K on the ask at .25, I too am hoping they just dropped the price. COuld be that big block sitting at .25 too?
No that it isn't too much activity from BMAK to worry about currently. However, I'm pulling my order for the moment to watch how the company does between now and Oct. 31; they have $100K convertable note due then they may cause some dilution and solid opportunity for .02's at that point.
Found current OS shares at 169 Mil; Float in the 80 Mil range, which is OK. Since 2019 appears to be the companies focus on pps appreciation, I am going to keep DLYT on watch, see how the note affects SP later this year and be ready to take a strong position in November; if all else remains the same with this ticker.
So that last $20 paint job sales price now has me nervous...maybe I should sell my shares into the bid???
Nah, think I'll keep them! After expenses, not enough to even buy some beer, maybe a beer or two.
LMAO at the attempt to get shares.
Yes, be gone BMAK is in the category of MM's you hate to see show up. Not as bad as some, but not good either.
.02's look a little more likely with BMAK sitting on that big block at .035
Just not seeing this moving much either way at the moment. Share structure is awesome but can contribute to quick, short-term moves in either direction. Right now, I think down with opportunity to get some .02's due to the block BMAK is controlling.
On the OTC, 8 months is an eternity. Someone will get impatient and dump some shares in the .02's. Question is, how many will be available? And will it cause others to unload shares they are tired of holding because the company is "moving too slow."
We shall see! Got my order in with time to be a patient.
BTW, I will buy a few .03's and .04's along the way too!
GLTU
I have the same feeling on that other ticker...Still waiting there too. Good to wait with solid bases!
19X20...right back where we began the day. LOL Love this base!
I've been watching this one for a month or so and love that they paid off the convertable's before they came due, love the share structure, and like the potential set up they have. Not ready to commit though at .03+ just yet though. I do have an order for 50K starter at .025. I think it will eventually fill because a few will get impatient and knock the price down unless some major news comes out to change the equation.
I believe that we have both found what may prove to be one of 2018's huge winners with our common holding and maybe we have also found one of 2019's big winners that we can spend the rest of the year accumulating.
LOL, it's always interesting to me when it I am reminded of the different paradigm that shapes our perspectives! I never considered that you meant "turn around" when i read 180, and I read most of the leading posts which generally gives context.
I agree that there is potential here, that's why I keep up to date on the company and have come off my total POS position I held earlier concerning RSII. I do think it has the potential to run up into the .03 - .05 range and hopefully I will recognize the run and not flip out of my holdings when it happens (assuming I had hit an entry point target and have some shares in hand.)
Right now, I'm waiting on 108's to get back in with 150K shares, I may get them today if the current trend holds.
GLTU!
Why 180??? For a 40% gain for the day from the current price I'm in, but what is the catalyst to push to 180? Today? For the record, I've flipped this twice this year and watching for my next enty point. I don't think this is a stock to buy and hold, if you get 180 today, take your gains and look to re-enter in a couple of days.
I believe you are correct, the true catalyst for a move up is always going to be consistent, long-term positive earnings. If Ketner and company can find a way with Fleaux and other acquisitions to build a postive bottom line then we will see a strong pps that is lasting.