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Who ever was on the bid the last couple days must've decided that it was worth the extra cost to get in before the party starts. We're looking very solid as we await the pending merger news...
Etrade is at the top of the Bid again, which is a very bullish sign as far as I'm concerned. Seems like they are most often the one's that get us moving along... Bid is now .016 x .02
Good morning all, hope your weekend was a good one.
I'm not sure what to make of that post made by Lawson, perhaps you could elaborate a little more about where that investment is coming from and where that investment is going to. Will this involve buying shares on the open market or will this involve buying private shares aka, a private equity?
Lawson, I know you were perhaps a share holder here in the past, at least I do recall you posting here during the last run up. Although posting to a board does not necessarily mean that one has a monetary interest, it would imply that a person has some sort of vested interest. That said, I'm very curious as to what your motive would be to announce such an undertaking (buying $294k of FFBU) prior to actually carrying it out. I know myself, I'd have a good portion of my shares in hand before making such a statement.
Please get back to us on this matter and if possible, be a little more clear on what we can expect. Thanks...
I'm thinking it was a lone seller, probably with a market order. Funny how they skipped the actual bid though. It did recovered nicely by close, that's all that matters. Personally, I was hoping for a slow steady climb into the 3 cent range... the way it had been trading it seemed quite possible and actually still does if you consider that we made our way back up near 2 cents by the end of today's trading.
Hang tight folks, our payday is nigh!
Funny how that goes when we choose to sit back and wait for our price, then boom, it takes off and we end up chasing the price higher. I was fortunate that I was able to get half my shares on a dip. I put a buy in below a cent never thinking it was going back that low, but ended up snagging 100K at .008. The other 100K cost me .014 a piece. In hind sight I regret not making a grand when it ran up over a nickel, but I have no doubt we'll be back there and much higher... all before I hang my winter coat up for the last time and get the golf clubs back out!
May the New Year be a happy and wealthy one for all of us!
Good morning Doug,
I know what you mean, been there many times with those peeps... not much you can do except be patient and wait on the bid, but we're talking about a few bucks difference at this stage whether you get in at the bid or the ask.
Short term I see us meandering along between 1 and 4 cents. There will be peeps who lose patience and want to get there money on another play and as we saw yesterday, a small amount of shares can send this down quickly. On the other hand, a small amount on the buy side can send us UP just as fast!
As we get closer to a "done deal" rumours will be abound and momo players will return. The price should respond very favorably then, probably touching or exceeding our current 52 week high of 8 cents. Depending on the partnership we land we could easily hit 20 to 30 cents upon the announcement before profit taking brings us back around a dime. Who knows at that point though... it all depends on the potential of the new company.
I wouldn't put much credence into the charts etc at this point in time. This stock is supported by those awaiting news of merger or reverse merger or alliance or whatever. It's not being supported by it's day to day business dealings of new contracts, sales and the like. That said, the current price is based upon what we as shareholders are willing to pay to hold a piece of something that may just provide a fabulous return in the not to distant future...
Nice pic there Doug, is that you on the back?
I hope that everyone had a nice Christmas holiday and that Santa was very generous! I was looking forward to finding some extra coin in my stocking to buy some more FFBU, but disappointed I was... Perhaps someone else got my cash and would like to get our stock moving a bit this morn?!? hehehe...
Thanks Rain, I'm still very optimistic about this Company and firmly believe they will put a deal together in the not too distant future. Kudos to management for not sitting around on their duffs waiting for something to happen. It bodes well for both them and us!
Thanks for sharing that Rain, it's good to hear that things are still progressing along. Can you comment on the reverse merger with Meuse, is that totally dead now or were they part of the China trip as well?
I'm not 100% on this, but I would think all but Christmas day
I couldn't agree more Braden. Case in point, the last session as well as todays first hour. On very little volume we are set to double where we were yesterday. This thing moves quite fast, especially now that the majority of shares are being held in tight hands.
I'm thinking we'll be laying low til after the new year, which is ok with me. I won't have to claim the extra income on my taxes til 2009 lol... Hang tight peeps, we'll get our pay day!
That explains the sudden jump on Friday. The initial word must've gotten out to a few select peeps who took advantage of the cheap prices. Let's hope this fella has a nice big loyal following who will hold their shares for more than a penny or two gain.
Should make for an interesting upcoming week or two. I still believe that there is negotiating going on with Belmont. My gut tells me that the two parties are playing a bit of a poker game with one another and patience will be rewarded.
That's a great sign and once again Etrade is at the forefront with the buying. Perhaps someone got a juicy tip that the RM is back on the burner?!?
I definitely agree with you Cat. The price reflected the exodus of holders this morning, however, we are now back to where we began the day, only now we have a much stronger base. Something is going on and the patient will be rewarded...
Thanks and I wouldn't expect you to divulge where that info came from. Like I said in a previous post, I have a hunch that the game is still going on behind the scenes there. I feel that there is some bluffing being done by both parties and that in the next week or two all the cards will be laid out on the table.
Hey Rain, didn't you get a tip that things were pretty much a done deal with the take over? Did that source have anything to add with regards to yesterday's release?
I'm not too surprised by the early selling going on this morning, but I do see Etrade back on the buy. That tells me something is still attractive to that particular buyer. If you recall, Etrade was the main buyer that pushed us up to the heights of last week. Stay tuned, this one aint dead yet!
I think we need to give this some time to work out. I still feel confident that there is a deal in the works otherwise what was the point of filing. I'm going to give it another month or two and if nothing seems to be going on I will make a decision at that time. Personally though, I have a hunch that something will happen after Thanks Giving. Good luck all and keep your thoughts positive!
Thanks Braden, I'll keep my eyes peeled for more info like that and I hope that we all get a whole lot wealthier from this as the events play themselves out. Good luck to you and take care...
Too funny Braden, guess I better shut my mouth til 2008 lol...
I didn't mean to upset anyone with that post. I merely copied and pasted a paragraph from the HotOTC report. The entire report could be read at the link that was placed at the bottom of that post. I felt that the paragraph put a positive light on the hold up for the much anticipated filing from Meuse et al. In addition, it was nice to see that coverage was initiated on our Company!
The entire story is at: http://new.quote.com/news/story.action?id=MTO318u8214
Hototc.com: Hototc.com Announces Coverage on Fit For Business International, Inc. (OTCBB: FFBU)
Wednesday November 14, 2007 04:12:57 EST
Nov 14, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Could this be the reason for the delay in reporting?
In November 2005, the Company was notified by the SEC that in light of the proximity in timing between the sales of 565,994 stock options held by Fort Street to various parties and the loans evidenced by promissory notes made by Fort Street to the Company, such sales of options by Fort Street are believed to be a primary offering of securities by an underwriter on behalf of the Company under Section 5 of the Securities Act of 1933 (the "33 Act"). If it is determined that such transactions constitute a primary offering by or on behalf of the Company in violation of Section 5 of the 1933 Act, then the Company may be subject to remedial sanctions. Such sanctions may include the payment of disgorgement, prejudgment interest and civil or criminal penalties. Management of the Company is not aware of any pending claims for sanctions against it based on Section 5 of the 1933 Act, and intends to vigorously defend against any such claims if they arise. However, due to the notification by the SEC, the Company has classified the promissory notes, amounting to $168,784, and accrued interest of $13,355, as of June 30, 2007, as amounts subject to rescission in the accompanying balance sheet.
The entire story is at: http://new.quote.com/news/story.action?id=MTO318u8214
Can you be a little more specific? Are you referring to the Belmont takeover of FFBU or the placement of another entity within this shell?
Etrade jumped to the top once again. They had settled in at .03 in the middle of the pack over the lunch hour. Hoping for some more buying on their part as we head into the close.
Agreed on the buying. I don't have real time Level II, but I did notice Etrade was high on the bid for most of that run up. It would all be assumption on my part, but I'm thinking it was most likely a single entity doing the purchasing.
This is very nice to see all this positive action so far today. Thank you for all your DD Rain Maker, you've been quite the sleuth with digging up info and facts about the supposed RM. Keep up the good work!
I saw the same 24 million count at a number of places as well, including the ones you mentioned. It struck me as odd that PCQ had it 50% higher than everyone else.
Hey all, I notice PC Quote has the outstanding share count at 36 million plus. Is this just a typo on their part or does it better explain where all those shares came into play on Friday?
I lost all my stock quote sites when my hard drive got pooched. Can you guys help me out and list some good free real time sites? Thanks in advance
The additional shorts show that shares are remaining in tight hands. I cannot for the life of me see how anyone would short any stock at this level. There is less than 1 cent upside for them and infinity to the loss side... That said, I stick by my prognosis and firmly believe that those shares that are short are of the naked kind. MM's continue to sell shares they don't own, thus dropping the pps to the levels we currently see. Being that the amount is growing and not subsiding, I have a hard time believing that the MM's will ever cover those shares. However, if they do, we should be in for a real nice rise.
Just a thought about the 67mil shares shorted. Is it possible that these shares aren't in fact shorted as in the traditional sense, but naked shorted... as in the mm's didn't have sufficient shares for the last run up and sold shares they didn't have in their posession? In my opinion it would be suicide to short a stock at this low price range. That said, if in fact these shares were naked shorted then there is a very good possibility that they will never be covered.
Hi all, jumped in today after watching this the last week and a half. It looked like we had turned the corner on the down trend, but I guess it was just a head fake. I would like to commend those who have supplied all the background info on this play, it helped me to make a justified decision to enter. The leases this Company holds appear to be quite valuable, does anyone know how they were paid for? I've tried, as many others have, to get some info from the Company, but haven't received a reply.
I realize that FPPL is a pinky and all, but it sure seems to be undervalued as many here have pointed out. I mean look at a stock like POGI(E) which is currently at 19c even though it is tardy on it's filing and the fact that they have just a minor stake in an oilfield project with DWOG. DWOG is another pinky, but trades around $2.
I'm beginning to think that perhaps the Company is under investigation or something of that nature that might leave them tight lipped. I've never seen anything like it...
Morning all, been watching this one over the last few weeks, but was hesitant to take a position. I couldn't believe the momentum displayed by this stock, I think it was 7 straight positive sessions! That said, it was definitely due for a pull back like another poster mentioned earlier... The stocklemon report just added to trading frenzy. Sure there was a lot of selling pressure to bring the price down to 87c, but if you were watching LII you would've seen that the pps was dropping like a lead balloon. Once it bottomed at 87c the traders took over and flipped it all day long for pennies which really inflated the overall volume.
Anyhow, that's my opinion. I hope yo guys do alright with this one. On a positive note, all the gaps that occurred on the way up are now pretty much filled!
Hey all, great board, keep up the good work! If anyone's intersted, SEVI is looking like it's setting up for another run. The bids have been building up slowly over the last hour and it's up .003 thus far today. Yesterday StockTargets Inc made a BUY Recommendation...
StockTargets Inc.: Investor targets increase on Systems Evolution Inc. stock (OTCBB: SEVI) following a recent analyst recommendation
4/3/2006
Apr 03, 2006 (M2 PRESSWIRE via COMTEX) --
Geneva, Switzerland, and Dover, Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on listed stocks, measured a firm shift in investor targets over the past 2 days on Systems Evolution Inc. (OTCBB: SEVI), following a new recommendation.
Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and a revaluation of the company by The Stockster (www.thestockster.com).
Investors now forecast the stock rising to approximately US$ 0.09 during the next 12 months. The StockTargets consensus 12 months target was US$ 0.042 recently. Based upon their recommendation, the share price has recently moved from US$ 0.02 to US$ 0.03.
The 12 months target by The Stockster for the stock is US$ 0.21. These different targets can be reviewed by clicking the following link: http://www.stocktargets.com/cgi-bin/ticker.pl?command=sevi.ob.
Targets indicators on stock are an aggregate of all the news, sentiment and forecasts available on the company at a given moment in time, as perceived by investors. Systems Evolution Inc. website is http://www.systemsevolution.info/.
Systems Evolution Inc. is a professional services organization founded in 1993 that provides software development solutions, Enterprise Project Management consulting, and managed network support through its Consulting division and permanent placement through its Next Hire Consultants division. Its Consulting Division is a Microsoft Gold Certified Partner.
lowtrade, thanks very much for your input, you're very generous with your time and your information. I'm sure I'm not the only one who appreciates your insight!
I know you said that the worst thing one could do is to rely on information posted to these boards. However, last week a poster on Raging Bull stated that he had confirmed that a group was buying shares on behalf of Site Works to stave off a total plunge in pps, resulting from a mass sell off by Cork... no one knows how many shares for sure, but speculation had it at around 10 million.
Well, the conspiracy theorist in me thinks that the group that bought those shares on behalf of Site Works last week, is now selling them as the momentum has turned positive. As I said in the last post, there were many blocks of 100,000 sold each time the pps started to move today. The sells would stop, however, before the price dropped too far. Thus creating a different pattern from the selling done by Cork last week... Cork didn't seem to have much regard at all for the pps. I should also state that it wasn't coming from Etrade this time...
On the surface, one would think it was just Cork continuing to unload, but I feel that due to the difference in selling technique, it had to be another group. And I have a hunch it's the same shares that were bought last week that are now being dumped on us again, only at a moderated pace.
Maybe I'm putting a little too much thought into this lol...
Mike
lowtrade,
Interesting overview of ILCO. I haven't played that one, but reading your analysis of the trading made me think of how SWKJ was played today. Site Works traded nearly 1.5 million shares today and one might think that was pretty decent volume. However, the bulk of that volume occured in separate instances. Each time the pps geared up for a run, someone would dump blocks of 100,000 shares and take the price back to even.
To me, I see it as manipulation and I feel that there's more to this story than we are being told. Btw, SWKJ released a PR stating that their construction projects will be fully financed by Knight which leads some to believe that there will be little to no further dilution of the OS.
I'm sure you've been watching the events unfold daily, but what is your take on the way this is playing out? Do you think that there is anything sinister happening behind the scenes or is this as good as it's gonna get for this Company? Thanks in advance,
Mike