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You will forgive me if I choose to follow my own investement advice instead of someone I do not know on a message board? Afterall it has served me well in the past and when the 8K gets filled and shows he resuming dilussion of stock and a Spring R/S, you might be the one that was sorry for not selling in December on the run up!!!
Who got stuck with a $30 trade??
What a piece of work these MMers are!!! like anyone is gonna now sell at 0.021 or buy at 0.1105!!
come one people are not that dumb!! shat is that a 450% spread??
INSANE!!
Much Better!!
0.0004 left to go!! you can do it!!
Lets see that 0.0006 on the ask with some serious volume shall we!!
I love that stuff!!
maestro
Where are the millions of shares of dumping we were promised!!! i am waiting at 0.0006!!
Come on you know no one is gonna buy this POC just sell them and pay off the debt before the next reverse split!!!
We can hope!!
I have 100,000,000 buy in at 0.006!!!
that will pay down $60K!
Come get uhhm!!
let me know when so I can buy 4.99% of the company again!!
TIA!!
maestro of COIN
Who said 5 cents???
I said 1/2 a cent, and that was just so i could unload my sub 0.001 shares after my massive short covering!!!
5 cents by 500MM shares is $25,000,000!! How could this be worth $25,000,000??? No one is that dumb!
Happy New year and are you enjoying the 0.006 loading??? I am!!!
0.006!!!
lmfao
been unloading here all month since the diluting starts next week right detective!!
; 0 )
Happy New Year!!
An Unbiased VRINGO Year in Review!!!
from the maestro of VRNG!!
Well after a year of swing trading this baby, I accumulated 23,450 free shares in this company starting with a $15,000 initial investment which is no longer being risked here. I believe I made 17 swing trades all but one was a profit and two were break even. The entire time I had to listen to both sides screaming it was going to $60 by EOY, and it was worthless because they had no business!!
In retrospect I reinforced what I always knew about investing, and that is trust no one, and it never works out like you think, so always hedge your bets!! been a great year, and looking forward to swinging another risky POS next year!
all the best and thanks for the 23,450 free shares!! they have been put away for good now, and I will revist this one in 3 to 5 years!!
maybe not
maybe
Bid 6/10th of a penny!!
wow that is scarey!!!
that would make the Mcap about $750,000!!! which I believe is a deal!! not sure anyone is going to get them at this price with any significant volume, but it does speak volumes about what future buyer think this company is worth going forward.
All the best everyone in 2013!!
maestro
As much as I enjoy the enthusiasm you have here, and the people posting on Yahoo about the future PPS being a 5 to 10 bagger, we really have to let the market decide. $5MM is probably a very realistic Mcap for this company based on the current situation, however hey will definitely need to show signs that they are continuing to grow sales at Gonzales and reducing overheads to cut down on current cash burn which is still difficult to predict at this point. Time will tell, and the market will react when the direction is clearer.
Best of luck to all, and all teh best in 2013!!!!
maestro
I was talking about 25MM buys not sells!! Now we need 45MM shares to trade today before it breaks out!! This thing is looking heap I bet to someone, and $10K investment would really rock this baby now!!
This is another pretty solid day, but not sure we are going to get the kind of volume it would take to push us that high today. might be wrong but I think we would need about another 18,000,000 shares beore the EOD to get it done!!!
25MM one day will do it, and will set us up for a new range with teh MMers!!
JMHO
GL2U and the rest
wasn't trying to insult you, just wanted to make sure that we are all on the same page about what might be happening here!!! The more we stick together and stand our ground the better off for all. We control the PPS long term!! If we all think it is worth 2 cents, then it is going to 2 cents!!! maybe not the bid, but the ask!!!
GL2U, we still have a LONG WAY TO GO!!
0.0022 looks to be the pivot point here!!
You do understand that all shares are not held by individuals don't you??? This stock has MMers who have to creat a market so they are tasked with moving the PPS to a level where trades occur!! This is why many people tell you to put your asks at a half penny, so that your shares can not be borrowed to manipulate the stock!!! There is nothing sinister about MMers, they are just doing their job, and if volume will trade at a lowere level it is going down to meet demend, or vise versa!! Generally speaking this stock has about 3 days worth a ADV held by MMers, so any volume spike causes a runaway like we had a few weeks ago!!
5% buying will do that to a stock!!
; 0 )
Glad we are on the same page, but I am not ready to make the call that this will be a great play until I see significant volume and a move by management to grow this business is a resposible profitable way!! Hell I will take even breaking even on any aquisition, but losing boatloads of money is not an option anymore for this company. Hopefully these gys learned some hard lessons, and hey have a clue this time.
GLA!!
maestro
Glad you guys are both here because of the TA, but there is more here than just Technical Analysis to consider. Some people have taken positions in this thing because it is currently trading about 1/2 Book, if you assume that the $1.5MM in debt is now gone because of the the Terra sale. That being said the CEO has never proven himself to do anything but overpay for companies that do not generate revenue, with the exception of the one asset we have left. If the management of this company do the right thing from his point on, this could be a great pick for 2013 and could easily be a 10 to 50 bagger without one bit of promotion. That being said they have a terrible track record of destroying shareholder value, but as tere is basically nothing left but a self supporting asset that I belive is worth 5 times the current mcap, it is worth a shot at this one.
Please understand that the TA is gret, but an announcement that elimintes further diluting would be HUGE, and then the TA and everything else would go out the wind as the PPS would go back to more normalized levels!!
GL2U and have a great holiday season
maestro
Do you ski? How aboput Davos in the Swiss Alpes!! I will be theri anyway in January!!
Let me know
not sure we will be in that kind of money with COIN to afford this trip, but who knows!!!
Luckily for me I made mind on other plays in 2012!! Coin might be a Great Pick for 2013
maestro
SHHHHHHHHHHHHHHH - we still need management to finsih buying all te cheapies!!!
; 0 )
82,000,000 left to go
trust me you want insiders and institutions holding this not penny flippers looking for a couple of nights at the Motel6 in Vegas!!
maestro
I always take half off at $3.80s and if it breaks $4 it usually goes to 4.30 where I unload the rest!!!! This is for buys under $3. This has always served me well, but please do not hold me responsible for your investment decisions.
maestro
As one who only swing trades this stock and keeps free shares because of the risks associated with this one, I do appreciate the NR that are timed perfectly with declining stock prices. Thia is great for trading, just not sure what to make of my free long position. Is there really an end game for this company?
Thought from anyone appreciated
TIA
maestro
I am not sure the Mutual Fund that is currently buying up shares and has been since I started and covered my short position is going to be thrilled that you are publicizing this on a message board. I know it is public, but 95% of people can not even read a SEC filing so basically the market doesn't have a clue about what might happen here!!
JMHO!
SHHHHHHHHHHHHHHHH
Let them figure it out themselves, but when the volume is over 100,000,000 per day and this board is full of traders to the point I can not even find you anymore, we should probably plan a trip to Vegas to celebrate in advance, should this really get legs!!
Deal!!? ! am buying first round of drinks
USM,
In response to your other msgs, the answer is yes and yes!! this why a Massive Volume Spike here could signal a huge shift in direction of he current stock structure that would indicate that they also are aware that the current dilutive model is not going to cut it going forward!!
GL2U!!
if it breaks 0.0019 today on 25MM shares plus we might be off to the races here!!
AJMHO, do your own DD
SHHHHH
this is very nice base building!! We do not need to cheerleed during this stage, just let new money shake weak hands!!
if we break 0.0019 we look to be retesting 0.0025 and then 0.0036
maestro
Welcome and good luck with your investment!!
maestro
50%?!!! I expect that they will lower their salaries to $1 per annum, after they have bought the majority of the company back at these below BK prices!!! that would make the entire company alot easier to sell or merge!
That is what I would do if I made $300,000 in 12 months, and my company was valued at $800,000, I would just buy the shares!!! Smoke the corporate overheads, and let the subsiduary do its thing!! Gonzales without corporate baggage is worth 3 to $5MM!!!
Nice way to turn $300K into $1.5MM, cause if they keep on this same path, they will not get 5 years of salaries outta the current structure!! Agreed?
Here I Googled it!!
20 to 50% reductions in all executive and managment compensation!!
Not sure why you are not willing to accept this Detective, or willing to talk about the estimated saving this will have form the sale of the Terra asset!!! I am beginning to believe that your view is not unbiased, but instead heavily tilted in the direction of personal benefit to yourself!!
I am trying to make money, and I would appreciate if we all try and keep the conversation unbiased, as i almost miscalculated a trade on this stock because of your misguided posting.
TIA for your cooperation
maestro
and Happy holidays to ALL!!
http://www.istockanalyst.com/business/news/5257893/converted-organics-announces-corporate-restructuring
Hey guys, any reason we are talking about the price COIN paid for Terra? I mean really 75 cents!! that was like 2 reverse splits ago, and it is not like they paid cash, they used stock to buy it. Well actually they used your money Detective, when you thought it was a buy at $1.25 - $1.50 range split adjusted $1000!!!
The only thing that matters today is what is the operating and financing savings from this sale??? I am having a tough time coming up with a number can you guys help me out here. Det you are good with this kind of stuff. I believe the debt that was absorbed by the buyer is $2MM, in that range!!! What is the loan rate they were paying?? is it the 10%?? are wee looking at a $200,000 annual savings on financing roughly?? please fill me in if you know.
Second how much SG&A is there for Terra?? I know they wacked Nick, but there must have been some overhead for this business that is now gone or will be.
Finally, did hey still own that plant in B.C., and if so what kind of annual savings will we get from not having to keep it running, and if they were not in the building they must have put all that equipment in storage somewhere and will not have to pay this anymore.
This company had 3 business that made no money, 4 if you count the corporate as a business. They have gotten rid of the WW, Vertical Farming, and Woodbridge dry fertilizer businesses that create this massive cash burn without revenue to support. The Gonzales plant is basically self sustained, if you remove the overheads. As far as I know all management has taked pay cuts to reduce overheads as there work load must be deminishing to next to nothing. At this point the company is so flat, and the managament has enough cash from the pay they recieved to basically buy back most of the stock. That is what I would do, and I would at the same time reduce my salary to $1 per annum, and watch my $0.0015 shares skyrocket. This will put the company back in a position to buy similar businesses to Gonzales with stock again!!!
JMHO!! These guys have options, and so do we!!
GLA!
Happy holidays to all!!
Hey Skul,
I do not see you much around these parts anymore, how is life? I am still in a major downer think about the 20 kids, that are my boys ages, that senselessly lost their lives yesterday. God help them and their families, I can not even imagine how I could go on, if this happened to me. This is such a magical time of year for young little ones, and our families hearts are broken over this. I wish that I could help in some way, but what can anyone really do other than pray that human beings will not feel the need to act out this way.
As I am not an American, I really do not understand guns and the need people have to care them. I did live in Texas for a while and do understand that many people feel they have to have them as part of the fifth ammendment. That being said if guns didn't exist, what would stop them from using knives, sledgehammers, box cutters, pitchforks...... You can harm someone with basically anything. The problem goes way beyond the gun, and is likely found somewhere in the head!!
I am as positive a person that you would ever meet, but it is days like this that I really question humanity as a whole. I am getting to the point where watching the news is too much!! just wanna run away from society and protect my family from all of this, but I know I can not cause this is the world that we find ourselves in, and we have to deal with it.
I hope you have a Great Holiday Season, and all the Best to you and yours in 2013. Heres hoping All the best for Humanity as well, cause man we really need it!!
PS - you can use this site to see the trade activity!!
http://www.stockwatch.com/Quote/Detail.aspx?symbol=SSNT®ion=U
Sell-off and Downtrend? Not sure what you mean by this!! Low volume and the PPS is basically unchanged since the modest gains yesterday on this news!!
I will conceed that this is a sell-off if it prints 0.0006!! Then it is a sell-off!
JMHO
Wonder if being added to this Mutual Fund might help!!
It should
http://ih.advfn.com/p.php?pid=nmona&article=55455611
Enjoy!!
maestro of COIN
SHHHHHHHHH
Stealth Mode!!!
GET OUT while you still have money left!! you can reload at 0.0001 before the r/s!!
Am I ever wrong about this one??
NOPE!!! now do not be a DOPE!! you fell for the ROPE!!
I could do this all day!!
I am here all week, try the veal!!
; 0 )
RELAX!!
HUGE NEWS!!!
Not!!! why would anyone believe that a company that has shut its website down by not making any updates in 6 months is going to ever release any news!!
This thing is going to 0.0001 and a BILLION SHARES!! before the next r/s!! maybe 2 back to back like last year!
IT IS OVER!!
after the r/s it might be a penny!! if it is 5,000 for 1!!
I am on my side by the way!!
My trading platform says 1.80 gets tested again!!
Let hope it holds!!
23,250 free shares!! Hope they will be worth more than $25K after this is over!!
maestro
why so bullish??
more likely 0.0001!!
R U long now??
LOL