Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We opened at .008; dropped to .0077; closed at .011 and you think it was a bad day...... interesting.
Again I will ask what exactly has to happen to bring a smile to your world..... at least this little corner of it?
I still find it rather amusing you waste so much of your free time pining over a stock and company which you find to be such a piece of garabage.
though I am not disagreeing with your assessment in this post I am curious as to what exactly has to happen to instill a sense of optimism from you?
Personally I am content with the eod, and am hopeful that it will continue to go north tomorrow, and the next day, etc, until we get some decent news sometime in the next couple weeks; at least that is my belief.
So far the pps has done about what I thought it would back in late April, and I am confident barring some really bad news this stock will keep going north, especially if I am correct in my conservative estimate of tonnage figures.
I know you think (claim) you are commiting some noble act by trying to save us from our own mistakes, but as I told you before, I don't wear rose colored glasses, and my expectations based on my limited knowledge of mining and that part of Africa leaves me to believe that my conservative estimate of where this price will go is very realistic.
So again I am left with a large amount of curiousity as to what exactly will turn your little frown upside down in regards to this company?
Depends on who he/she is using, with zecco my cost would be about 13 bucks to sell a million shares, maybe a little more.
The buy price would have been 5 bucks, so if he/she was using zecco and bought a million shares for .0001 and then sold them for .0002 after costs of trades his/her profit would be aprox 80 dollars, not quite double, but it would be aprox 80 dollars than they started with.
Personally don't see it being worth the time but to each their own.
Yes one can make money buying and selling penny stocks.
However, though in theory you would double your 100 dollars on paper after buying and selling fees your profit would not actually be double.
Since .0001 is the lowest a stock trades at there is no where down from that price, unless the company goes under.
At .0001 you would be able to buy a million shares with a 100 bucks plus trade fee. Personally if I did something like that I would sit on it until it at least broke .0005, but even that what just be to build my capitol to reinvest.
What ever you do good luck.
I am pleasantly suprised today, now if only the company will release some good news (ie production figures) this thing could finally take off.
Would love to see this pull a lexg.
Blago! LOL
There indeed was a noble individual.
LOL
People need to do thier own DD, and base their decision on that; if one is easily scared off by a little dishing on a company then I guess they probably shouldn't be gambling in pink land.
It is entertaining to read though. :)
that sounds very noble of you. I still find it hard to understand why you would waste so much time on this stock though, considering how many other pinks, sub pennies and pennies are out there.
Personally I don't wear rose colored glasses, and when I look at something like this even though I am almost virginal in regards to trading I do know how to research things I am ignorant of, which should be the responsibility of anyone thinking investing in any stock, whether it be a blue chip or a sub penny.
I just find your (that I know of) 3 months of hanging on a board for a stock which you think is a worthless piece of dung rather odd, but like I said earlier, I don't even post a lot on stocks I think are a diamond in the rough, which I do think long term sney will be. As of yet I have not seen anything to indicate my intitial assessment of the companies potiental is not valid, in fact, the complete lack of news in regards to tonnage so far collected, coincides with my assessment of how the weather and lack of infurstructure in SL could effect reporting on tonnage.
On top of that, the ongoing effort by the company to get current with filings to get the CE lifted also supports my intial assessment.
But as I also said earlier, you are entitled to your opinion, and it is noble that you would waste so much of your time trying to warn others of the pitfalls you believe await those of us riding out the storm.
With that said, I will stick with my own intial assessment until I am shown to be wrong, based both on my own limited knowledge of mining/dredging, transporting of tonnage (no matter the material) in rough terrain, and the limitations a rainy season can place on certain areas of the planet such as NW Africa..... a place (though it has been a couple of decades) I have been too, and doubt overall much has changed since my last visit.
Everyone has to make their own mind up as to whether to invest or not in any stock, though I personally don't care whether your intentions are noble or not in regard to why you post here, I do find it entertaining, and I hope that I am right and you are wrong. ;)
That would be nice if the case.....
Either way I am in for the long haul, either the pps goes back up or the company goes out of business. Though I wrote the money off already, I still have a hard time taking a big loss, and though I am in the red, it's not really a loss until one sells.
I will pray your idea is right!
Yes and no. I agree with you in principle, but DD guy from what I have learned is a pretty well thought of individual within the ihub community.
Could be he was part of a dumping scheme, but I don't think so, I could be wrong, but I think this is taking him by suprise as much as the rest of us that wanted to see it go higher.
I remember thinking that there was a lot of debt coming due, but it also looked like the company had a few things going on to keep upto date with it's debt. This price drop could be a result of the need to generate capitol for the debt payment.
I guess what I am wondering is has anyone heard anything about bankruptcy, or any other negative news about the company itself?
The expo was only a month or so ago, and I never for a minute believed marketing to the scuba community would be what makes that a win or lose idea. Price point is not low enough to be overly attractive to the scuba community.
I still believe the rebreather will be a successful product, and as of yet have not seen anything to indicate anything different.
I guess we will see...... there's a reason one should never invest money they don't need. As sad as it is to see this low, I wrote that money off when I started gambling with it.
on a positive note it looks like only 2 trades for a total of 71K at the 3's, maybe it was just a fluke before a recovery????
being hopeful!
I don't think that is true. DD Guy was buying up a lot of shares at the 5's, I remember that last week.
If and I stress if, this has all been a smoke and mirror show, then I am under the impression DD Guy was taken in as well, and for a lot more than I was.
I am beginning to wonder if they had us all fooled too.
As to the expo, I personally never put a lot of validity in marketing to the relatively small scuba community. Just can't see the price point being low enough to replace regular scuba for a few minutes more of bottom time.
As to the rest, I thought we (company) made skate board wheels, and supposedly had some deal brewing with GE.
Hard to imagine it was all smoke and mirrors.
Has anyone been in touch with the company?
Anyone have any idea what's happening? How do we go from a huge finacial report that claims good growth to a pps racing to the bottom?
Tradersrule, when I first found this forum you were going round and round with elcheapo about what a ps of shit you think this stock is. Granted you are entitled to your opinion, though I believe long term you will be proven wrong, but that is my opinion.
The point of my post: considering I first found this forum in April I must say for someone who finds this particular stock and company, not to mention staff of the company to be complete losers you do spend a lot of time on this particular board.
I mean no disrespect towards you when I ask this, but if this particular company is such a loser and you have already gotten out of it, I am curious why you spend so much time here?
I find my free time to be rather valuable, and don't spend a whole lot of time even discussing stocks I think will go north, so I am filled with genuine curiousity as to why you would waste so much time on such a p. of s. stock's forum?
Is your life that boring or is there another reason?
I do find it amazing how much time you spend on this forum talking smack, one would think one would spend their time on stocks they support, but I guess I am weird like haha.
that is possible too, in the short term. I think it was in late May or early June I predicted it would be mid July to early August before we would hear any real news because of the weather (rainy season) in SL.
I figure another week or 2 before anything substantial is reported, hopefully you are right and it does drop to 006 between now and then, I could buy a lot more shares with my limited available funds before the price jumps on positive news (actual tonnage figures). IMO
been awhile since I have been by here. Must say I am really suprised to see how far the pps has fallen.
Guess the wet weather causing delays in SL has scared the masses away, should have more cash available tomorrow, ya all keep selling off so I can buy cheaper!
Hey, can't knock anyone for buying in as low as possible. More power to you. If I had any extra cash to invest right now I would have jumped in at this price too. Not my point at all. Wish I could have taken advantage of the sell off.
It's just frustrating to watch it happen is my only point, especially when one considers this should be trading higher than .002 based on where the company is sitting financially (IMO).
Like I said earlier, it's just frustrating to watch, it was bad enough to watch it trade sideways for weeks, but this is just disgusting.
Not having a 100k to play with in the stock market at this time makes it hard to imagine. :)
If I had that much laying around to invest I would have bought the 4 and 5's up, hoping to see this rise again, and reaping the benefits off those that sold out.
However, being a virgin and still in the learning stage of this little arena, only investing what I considered expendable, hoping to turn that small investment into a greater working portfolio, it is rather frustrating to investigate a company, like what you find, buy a mil plus shares (yes I know small potatoes compared to you and others) only to see your average pps fall by 60% or more in a day.
Especially when the dd you did indicates the company should be trading much higher than your average pps, not 60% or greater lower.
I will bow out of this conversation at this time, I vented my frustration with what I am currently seeing, and since I am not willing to write off this investment at this big of a loss I will continue to hold for now, but it is still rather frustrating to watch the sell off knowing/believing it is counter to where this pps should be...... I just don't get why the pps is not more reflective of the potential/current standings of the company based on the dd I have done, and needed to vent my frustration at this current sell off; down right disgusting in my opinion.
Hmmmm, I will buy that, except there has been no news that I am aware of, either good or bad.
The stock has been trading sideways for weeks, and then boom, the bottom drops out with a big sell off between 4 and 5, granted it has been primarily at the 5's but it is rather disgusting to watch.
Yes it has only been about 5 mil at 4, but it has been about 60 mil at 5, which was and is a massive sell of in my opinion, especially when one considers the increase in revenue and the simple fact that except for a few days we have been trading sideways between 8 and 10 for the better part of 4 months.
Again I hope you are right, when I invested in this stock I wrote the money off just as I would when I visit a casino, which is why I have not been very active on the forum, but when I looked at it today I was truly shocked to see where we were trading at.
I would love to see this open at .01 or higher one morning, would make the frustration I currently fell well worth it. However, as I have said, the way this is trading right now doesnt fit with that scenerio..... hopefully and I stress that word, the company will pull it's head out of the sand and do what is needed to get the pps where it should be; without a reverse split.
Again, I look at the increase in revenue and can only question why the pps is not reflecting that. The decline in price seems to be in complete disagreement with the DD that is available, and that makes me wonder why.
DD Guy dont take this the wrong way, because it is not ment to be an insult or a question of DD itself.
With that said, though I agree that the company shows a lot of promise, and it seems to be increasing revenue, those of us that are currently invested in this company and have been for awhile continue to see the pps not match expectations.
As I mentioned earlier, it is one thing to see a stock trade sideways a little below your average pps, in the belief that the pps will eventually match your expectations of the potential of the company. It is quit another thing to watch the pps tank to new yr lows..... and we aren't talking a few thousand shares selling that low we are talking tens of millions of shares selling at those lows.
I don't like watching my investment whether I have written it off or not continue to decline.
I hope you are right in your faith (as well as my own) in this company, but even great companies have fallen and closed over the yrs. This sell off to the 4's I must say has me a little apprehensive about the viability of this company.
One would assume that an increase in revenue would have a positive effect on the pps of a companies stock not a negative one.... so far this company seems to be showing signs that it is not very viable (in my limited opinion) and possibly having financial problems despite the positive information available to preview.
so the question then is why doesn't the pps reflect that? One would assume with that kind of revenue increase we would see that reflected in the pps, no?
This continued sell off has become rather ugly. I can only hope this is not a sign that the company is distressed. I take it that the much anticipated pr has not yet been announced.
This particular stock is really beginning to piss me off, in regards to what it's doing. Very frustrating; the DD on this company shows real promise but damn promise and reality need to come together, this is getting old.
It wasn't so bad when it was trading sideways between 8 and 9 but this sell off is a joke to put it mildly.
couldn't make the presentation this morning, anyone that watched, is there anything presented which would indicate that this might be ready to break out?
Anything in the way of positive news; anything good at all out of the presentation?
It took decades of practice to perfect that (pain in the arse). :)
and GLTY
LOL, I am going to guess you mean me, and though it would be nice to have the expendable cash to be able to do that, hate to burst your bubble but you are looking in the wrong direction.
Being new to the concept of playing the market I treat it like going to a casino, and only bet what I have already written off. And though I am up over all since I started playing in March I am not to a point yet where I can influence a stock price to prove a point.
I will say that I believe unless something happens to spark interest we will probably be at 9 again by Monday close, which, if I would have been able to implement my plan on Tuesday, would have worked out well for me, but alas I have to wait until the next upswing now which will be in about a month if nothing dramatic happens to push the stock price higher.
In an effort to get the CE removed SNEY is getting up to date with it's financials, this is just one more step in that process, a 2009 report which has no bearing on what is going on today
I may be ignorant on many things right now in regards to trading stocks but I am a quick study, and this lesson is filed away.
But thanks for imparting that knowledge about it taking up to a week.
You have nothing to apologize for, I am not offended. You helped me get my anger over a very bad day out last night and I helped you get your post count up.
Titl was the 2nd stock ever bought, and I have been sitting on this thing for awhile (less than some and longer than others) and after watching the way it trades I was ready to change my strategy on this stock, not realizing a name change would impede that plan.
If the stock trades true to form I will try it next month when it starts all over again.
I don't disagree that the bump to 28 was as you called it fake, but as in the past it happened, and as in the past the pps dropped back down and is slowly dropping down. I am just looking at what is happening and comparing it to what I have seen happen in the past.
I would love for this to be at .003 and climbing, but reality and hopes don't always go hand and hand, and this stock has a track record of trading this way.
I am in no way suggesting anyone should follow my idea, I am just calling it as I see it, despite it being in opposition to what I would rather be seeing which is a steady increase of the pps, but that just hasn't been the case.
This being the first symbol change I have been through I can only speculate based on what I saw with this one.
The old symbol didn't change so until zecco updates the shares in it's system to the new symbol it thinks nothing has changed in regards to the stock in question..... just a guess mind you.
I used to be in the sit and wait crowd, buying more and holding until this thing breaks through the .003 barrier, but I have come to realize that is still a ways off.
So instead of using my own cash to build my holdings I will try using the cycle of the stock to build my holdings. Based on the last 2 days of trading I don't see anything different going on just because of the name change. The stock hit a hod of 28 and has been in decline since.
Don't get me wrong I hope those of you that think this is going to finally break out are right and I am wrong, just don't see it.
day late and a dollar short.
ROFLMFAO desperate to sell is not really the way I would put it.
Yes yesterday when the pps was at 22 (bid) x 24 (ask) I was willing to sell at 22 feeling pretty confident that history would repeat itself and after the spike up to 28 the pps would again go back down to the 8's and 9's.
Once the pps dropped below 2 any desire to sell disappeared until the next cycle in a few weeks.
Whether it would be silly sells or not really has little to do with what will happen if the trading history holds true.
The last time it spiked up to the 2's (and the time before that, etc) I too thought it would be silly to sell at anything less, but as silly as it seemed the pps still went back down to the bottom.
I would much prefer if the pps went up and up and up, I just don't have the blind faith that it will anymore. History tends to repeat itself, and this stock has shown repeatedly that it is a true statement.
When did I ever suggest you should not follow your plan?
Though it might seem to be a different story because of the name change, what I see happening looks eirly similar the the last few times the price spiked up and then dropped back down.
it does, but based on the current l2, looks like it will be another month or so before the plan can be implemented.
Well sitting and holding shares watching the price spike up and then move back down to flat line at the 9's has not been overly productive for the last few months.