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some hits on .005, which is now on the ask.
WTF, we opened at .0059 and had a million on the bid until someone whacked it. This makes me mad
Take that 600k and continually hit the ask until we hit 3 cents. The MMs will follow
Bid is in!
What is taking so long to get this moving again? Hit the ask- so thin
I thought people would jump on the bandwagon this morning- volume still a feeble 2 million.
Hello guys! ACGX is still on, great buy right now from these levels imo. Also, i 'm going out with GMET as a bounce play in the short term and possibly a nice long term play. I would recommend everyone take a look at their financials- 28 million in cash and only 8 million in liabilities, plus 800k market cap. These guys are loaded with cash and currently figuring out what to do with it, yet the book value is 25x these current prices.
Standard consolidation. Looking to start a new bullish trend to fly past previous highs. Loading up all i can on this
Let the board know what he says if you get in contact with him
Lol: Sell to buy volume is 100 to 1 and we are positive. Time to move back up to new highs. Lets go!!
Hit that ask, bounce imminent.
I got some members of a group to buy into GMET at these levels. Anyone else want to join? I've been accumulating down here the last few days; Its time this starts its run back up-the selling is over.
All signs of a trend reversal are coming to frutition.
Well then buy back in; The company has not changed since you bought shares at .05 and up. Who wouldn't want to buy this now at a low .015. Never thought i would of been able to load up at these levels.
A bunch of promoters send out the news at the end of the day to all their subscribers and now we are dealing with the dump. The lack of interest and volume looks like we have found the bottom here.
How is the company bankrupt? Look at the most recent 8k where they readjust the financials due to the asset agreement- 28 million in cash and 8 million in liabilities.
Currently the comapny has a book value of a little over 20 million and that is all that matters.
They had to sell their property to pay back the 70 million dollar bank loan to survive. If they don't care about their stock price then they could careless about their preferred shareholders.
-Name a company in penny land that is not in debt to their preferred shareholders?
Dissolving the company does no good, as everyone in the whole company would be out of a job, everyone holding any common stock would lose everything, and preferred shareholders would only reap 50% of their initial investment. I've never seen a company just give up when they have a favorable balance sheet.
That doesn't really matter, but ya it was the 14th. Of course they could call the company quits, but why would anyone want to when they now have a nice balance sheet? Better if someone called the CEO to get an idea of what he is thinking.
I was looking at the 8k after the purchase agreement and not the 10k. The 10k was before they had an agreement correct?
I read through the whole thing and did not see that part. The new financials shows that the company has 28 million in cash and only 8 million in liabilities. With that in mind, people are giving this a 50 cent evaluation based on its book value alone.
I highly doubt that the company would want to call it quits after they are now cash positive. A poster earlier stated that he talked to the CEO and has no intention of dissolving the company. Take that whatever way you like i guess
I did see that. Did you get this from the 10Q? I don't see that information on page 7?
Did you forget to read "in the event of dissolution" or what? Anyone with any trading experience knows that if a company dissolves then preferred shareholders get precedence over common shareholders.
The company has not changed in the last two days. The company is the same when the stock was at .09 and now when it was at .0172.
With all that cash, he could afford to buy back about 500k in stock no problem. Don't forget this used to trade on the Nasdaq- look for him to push this back up to a $1.
Its not a scam, what has happened is a product of a pump and dump.
Lets get moving now. Someone hit the ask- i was providing the support mid-day.
CEO going to do a share buy back to repay all investors for sticking with them with all their cash
Look at that fake ask.... smh
The comments on here about dissolution are unwarranted and without basis. Whenver a stock goes south on ihub, people will post anything because they are angry. I would focus on the fact that their current liabilities were wiped out completely and that the company will have about 30-40 million in cash with no current liabilies. There balance sheet will be about +30 million in cash that they can use for future purposes. Right now the stock is trading at about a million dollar market cap so do the math. I felt that it was smart to sell of their assets and start fresh as they were losing millions every quarter. Now, they basically get a second chance to where they have the cash to acquire companies, invest in other areas, and maybe go into a different field.
What happened today was a product of a pump and dump. When Wolf of Weed Street and his followers + other ihub pumpers start pumping this up, there will be a drop regardless of nice state of this company unfortunately.
People panic when VFIN shows up on the ask
Ya, buy up. Once it breaks all time high of .2 there will be no looking back.
RElax... VFIN hasn't sold very many shares the last 5 days.
Quit bid whacking
What a beautiful trend line guys
RSI is a joke low 23. Ascending triangle developed after .003 reached. Letting everyone know that it is a bad time to sell right now- You will be mad