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Oh wow, this is such a grown up conversation we are having on this board at the moment . Yes no buyers or sellers today as yet i think we can agree, still too early to say how it will close EOD.
Pretty much split down the middle here, one side pummeling, one side pumping. This thing is in the Crapper price wise because plain and simple they have not shown or filed enough convincing information/evidence their product or business plan is moving forward in a structured and sustainable manner, and there as been no follow up on previous PRs. Hence 2c PPS, i am holding simply because it is 2c so its a reasonable play to move up substantially on a positive verifiable PR/filing, the down side is losing my initial investment which is not large enough for me to lose sleep over and never should be in these OTC plays, i have been burnt as have most on here as well as having a few diamonds in the rough.
Could be a bust could be a diamond, its OTC penny stock so i am happy to roll the dice as should most here or do not play the OTC its not a Guaranteed return do your DD and play the game or get out, if you want safety put it in a savings account.
A little underwhelming i guess would be the best description, March 11th is 2 weeks Friday, so cannot see too much forward movement before then. Without trying to tempt fate the action after the first hour today seemed to be a little more orderly and less of a fire sale so that is a start. The only positive line i can really take from the 8k is
" In recognition of the importance of the transaction to both HSVW and the Company, HSVW has agreed to enter into a retainer based consulting services and expenses contract with Cardinal Resources. The work and payments on this contract are paid in advance cash transactions that do not directly impact the SPA and do not involve the IP or stock of the Company. The focus of the work being paid for under the contract is contract development, project development, and marketing of the Company's systems and services. As needed the Company will also support the efforts of HSVW to clear the final regulatory hurdles in the SPA"
no mention of any $ figure and i am still a little perturbed that this transaction slated originally for middle of January is still dragging on but if the Chinese are willing to offer up some cash to appease us in some way and at least look like they are serious in their intention to close i guess i can feel a little more comfort than the last week has provided me, pity they did not offer up some cash to pay of some of the toxic BS before conversion. Many rivers still to cross for this stock but i am hopeful that the bloodbath is finally over.
Newbie Appreciate your posts,and hopefully we will all be a lot happier in a couple of weeks. As usual GLTA who have persisted with this
Looking like it bud, or they are waiting on the news. Lets hope for prize door number one
Just trying to analyse what is happening to this stock, hopefully we can start to move forward as surely this high volume low PPS must end at some point. Obviously some positive news is critical. Hopefully we can all look back and laugh about it in a few months but it sure is ugly at the moment. Onwards and upwards as they say
Ok , i guess we are feeling the reality of the current situation today, its been a week since the Chinese finance should have closed and the stock is pretty much down 40% from last week on continuing massive daily volumes. A lot has been made of the convertible notes and dilution , even allowing for that the volumes just do not seem to add up to my simple mind, only 216 million shares are listed on 10Q, this figure i believe is now much much larger or 10%-15% of the float is being traded on a daily basis at this ridiculous PPS as the diluters would only have so many shares to sell, then the rest would be traded by the great unwashed like you and i, 400 million have been traded in February alone, twice the total float so they cannot all be diluted cheapies unless every note in the company has now been converted and they are now note free? Possible i guess if they wanted to take advantage of this low PPS but not likley and i am not sure of the conversion dates on most of the notes only the due dates with most still some way off, i know they get them at a good discount but the same would apply if the PPS was strong and climbing same discount, same profit, potentially more if PPS continued to climb after conversion, plus not all notes are from toxic minded individuals. Yes people are buying but at these levels who is really doing the selling? i mean really the 5 million share trade today being a prime example, just where are these shares coming from? I am just putting it out there for discussion but the numbers are not adding up to me.
This is in desperate need of a good news CONFIRMATION not just we are working on it, the PPS is not reflecting the companies value at the moment, i think we can all agree on that point. I have been here before with this stock and it recovered briefly before this absurd share fest we are seeing at the moment, the volumes at the moment are the kind of thing you see on the dodgy OTC bulls**t companies with no product and just hyped up and down by bashers and pumpers. I feel the share count is in flux at the moment and who really knows the actual current numbers. I know the company planned a buyback with some of the Chinese money as stated on the PR, but we need to see exactly where we are IMO regarding numbers.
I also have some concerns regarding the Chinese finance delay but will give it to the end of the week to see if i am being overly alarmist, Newbies post last night was full of good things if they are actually going to come to fruition but they are still ifs ands and maybe, which is why the PPS is in the Crapper because the market is not buying in to it yet. Lets see how it goes over the next few days, i guess a positive would be for anyone hoovering up these cheapies they could be very very wealthy in a years time if it all works out as i know most of us hope it does. GLTA,
All sounds pretty good newbie, lets see how it pans out, we are all holding here at different levels. I hope things do move forward i really do, they have some way to go from here, China would be a start, having worked in West Africa that is likley to take time whatever as that,s just how it is in that part of the world,we all know it could be something, this is basically back where it was before the last good PRs but with 100 million more shares around, proof of the pudding is in the eating Good luck and good night
Agree with your point that too many people wanting to pick this up at low low prices and then they are all surprised when it drops like a stone and the flipping will continue because plenty of people will sell if this climbs up 20/30% this has been ongoing for a few weeks, there are several issues going on at the moment, the delay in the Chinese deal, the initial dilution and then heavy trading in a low price range meaning its almost impossible to break.005 at the moment. Lots of unhappy holders means overall sentiment is definitely turning negative at the moment which is feeding the low PPS, Who knows they pull this Chinese rabbit out of the hat and we can finally move forward again after several weeks of going backward and treading water literally. I was deemed as being to negative last week but i just felt there were too many overly optimistic posts bearing in mind the challenges still ahead and the delay in finance as well as the previous dilution etc. Still believe they have a great product, still believe could be something good, still believe they need outside management to make it really work.
That really is grasping at straws comparing an apple with a pear and hoping for the same effect a month down the line. We need the truth to the situation regarding the Chinese money then it may go up if it really is going to comaplete as originally stated.
Glad to see you still have a sense of humor, essential when trading in the dubious world of stocks. There area lot of theories and explanations floating around at the moment but the bottom line for me is the sheer number of shares being traded at the moment over 330 million shares have been traded this month in sub penny land, all this talk of dilution, that is a lot of shares obviously there has been some dilution but the numbers tell you that there must be plenty of people flipping for % on this or the dilution has been on an industrial scale. This is starting to smell IMO, i hope i am wrong as i have a bag i am holding as well but its very ugly right now.
Only one thing going to bring this back from this subpenny sharefest, and its a week late already. Cannot blame it all on weak hands, obviously plenty of sellers even at these prices who think they are doing the right thing, lots of buyers lining up to gobble them up as well at the bottom of the price scale, could be fake to clean up at low low prices but with so many shares being traded at these prices there will be plenty of flipping on the climb out even if the Chinese money does show up to the party. I am sure there are plenty of squeaky bums watching the current price action, seems a long way to 2 pennies at the moment. Wheres the Chinese money Kevin , your credibility , weak at best is now crumbling in the eyes of plenty on this board.
Does mean there is 100 million more shares now than in that old filing
People are probably expecting results as the deal is long overdue to be signed sealed and delivered. This is a very frustrating company as they have so much promise and have promised so much but not too much has actually been delivered as yet. Am i the only one who remembers that we should have been shipping units to Panama already on the back of the early December acceptance testing success? Not a word about that as yet. Yes there are some currency control issues in China but should it take this long to circumvent? If it took weeks for money to transfer no deals would be getting done out of China, have you see how much money China is spending on bringing in foreign soccer players lately ( $50 million just on one player, hope they do not use the same bank as CDNL deal, ha ha) Probably more to this tale than meets the eye. Not really much anyone can do but sit tight and hope for the best.
Visa versa
Newbie, appreciate your concern but i am just giving the other side, although irrelevant i am not down a great deal in this stock as most of mine is at the low end, agreed i could have gotten out when it was at 5c but missed out, does that make me bitter no this is the reality of OTC and stock trading in general i have had much bigger losses and some success same as most, i am a realist which is why i am giving the "negativity" to the endless stream of crap i am reading from certain posters or all we have is a flag waving kissathon. We all know this can still be something decent, that,s why i am still holding but this road is long and rocky. If your happy to read mindless drivel that is your prerogative, i do not mind posts whether negative or positive to my side as long they are offering some kind of intelligent input. I will remove my negative vibe in case its upsetting the karma of love on this board. GLTA lets hope it does become what it has promised to be.
I hope it is on the way as well. we are all in this thing to make a buck or two and i want to see this thing move forward. It still has a long way to go even after this initial tranche, my point is price predictions are pointless and meaningless in our current situation and in general to be honest, let the market speak.
Pointless and needless post, if its bad news not very high that is for sure. Perhaps you could enlighten us with another pearl of your capital wisdom. Everyone is just waiting for this long awaited bank transfer, highly unlikely to be until next week now due to the fact its 2:20am in China on Saturday. Still looks like plenty of selling going on today so not everyone is convinced. These boards should offer both sides of an argument how you read it is how you read it, but you are just like a cheerleader at an American football game CDNL CDNL $$$$$, yawn yawn yawn, Yes this has potential, yes it really could be something but lets just get the ball rolling again after it fell off the cliff before all the wild price predications.
Thanks for the advice, do not reply to me again if you use those absurd capitals. I know plenty about this stock thanks, you have been pumping your rhetoric for weeks as it dropped like a rock, we get it thast why we are still here. No its not at historic lows it was at these prices in October/November after another smaller round of dilution, then come positive PRs took it up from where it hit the buffers again. In fact if you look back over the last year its been up and down several times. Yes if this finance goes through we will be looking at an increase in PPS as the debt is removed . Hopefully they will finally be able to get their units out and bring in some much needed revenue and from there it will gain real traction once it performs as a functioning profitable business. Nothing too awesome about the way the CEO has handled things in some of his previous dealings otherwise they would not have had so much dodgy debt and if he had been able to avoid the last round of dilution it would be looking much stronger, the Chinese are white knights IMO as this would sink without the deal. Hopefully they will bring in outside management to run it more professionally as it increases in size.
This has been a decent board on the whole but there does seem to be a lot of people recently only too willing to say how many shares they hold and at what average, personally i do not need to or wish to know that,s your business ,by the sounds of it everyone's going to be a millionaire . I am sure if all the plans go as stated this will be a good money maker for all longs regardless of the size of their holdings. Lets hope they do but i for one will not start counting my chickens until that $3.5 million is banked. GLTA
Ozzz, get real anyone would be hurt by a 90%+ loss on there initial stake, if he was short term i am sure he would have dumped on the way down, show some humility whilst your celebrating CDNL announcing another extension, as that,s all it is still until the money is in the bank.
Newbie, , i agree OTC is a risk, i accept risk, i am just tempering this all out flag waving enthusiasm with some negatives that i see, which are much more apparent than 4 weeks back, 2 sides to every coin an all that
They are the brokers VNDM is vandam securities they just sell for someone else they are not the debt holders
Wheres is the announcement, it is 12.30am in China on the 19th, pretty sure the money should be in the bank people, Goodbye and good luck, Burnt Out
The debt holders do
GLTU, i have plenty myself, but my point seems is being missed in that there are lots of shares flying around and still lots available, even debt converters will try and get the best price they think is available for the market at the time, the fact they think .0035 is a good price when a major announcement is due should still be a concern IMO. I will retire back in to the back ground as there too many rose colored spectacle wearers here considering the events of the last month. One other point before i leave is IMO the holidays have nothing to do with the delay in the Chinese, more like they are looking closer at the original terms and if they really want to continue. $3 1/2 million is pin money to a Chinese bank, especially to secure a foreign investment. Mr Jones we await your news some obviously will be more anxious than others
Lots of people on here buying big at these bargain prices right, price continues to drop, no one wiling to pay the couple of hundredths extra on the ask, MMMmmm then these diluters would go away right, whats a couple of hundreths ( about $200 on a million shares) when this is going to soar. Also i would hold back on selling my shares if i was a diluter until the news ( maybe they are dubious) and i would get plenty of takers at the price i want, but that,s just me. I respect everyone,s views but all this talk of multi million $ contracts and nasdaq is almost laughable when no one is willing to pay the ask at these woeful prices and my enthusiasm has been tempered by the 3 weeks of a sub penny firesale. I hope it does get the Chinese money, nothing like leaving it until the last minute though. This could be something, but it needs time and money and with out the Chinese it has not a lot of either.
I had seen the 216 million total , but that was before this current conversion so your 300 million+ figure is in the right ball park, substantial for sure,
i see there is another note due on the 22nd feb $55,000
Due Date 2/22/2016
interest 10%
conversion rate 55% of the lowest Trading Price during the twenty-five Trading Day period prior to the conversion date, that,s a lot of extra shares there if this is converted as they would get them at .0018 or there about,s so there another 30 million shares there. This deal seriously needs to go through tomorrow or it is not looking good for any share price recovery. All these conversion rates are ripe for pummeling this stock and need to get removed ASAP. Lets see what tomorrow brings. GLTA
Problem is the 10q is old and was very late coming to the party, it lists the total values but not the discount or the terms of the conversions. How many shares now in Float? any ideas gents? Obviously Chinese valued company at $14 million total they get 51% for $ 7 million eventually if all goes through. Now if we knew how many shares are actually in the float we could put a figure on the PPS based on this simple math, but we have no idea how many shares were converted, apart from we do know its lots and lots and lots especially once it went sub penny, then they really went to town, look at the volumes as it dropped it only really went nuts at the low end. This is why i believe it will struggle to gain traction until definite income is banked.
Obviously the conversion of a previous loan/note can be view as toxic to the company due to the fact its price has tanked over 90% during the conversion as the owner of the note milked it as much as they could and caused maximum damage to the PPS as well as increasing the share count exponentially as well as damaging credibility of the CDNL management for taking such a poor loan term initially.
more posters than buyers today, ghostly quiet today so far, interesting
Well thanks for that, i have been here longer than most so i am well aware of its potential and its pitfalls, still do not think it will change the world but could be potential money spinner if they can manage the company in a more professional manner, i can tell you how many people will hold this 5/10 years and i can count them on one hand, Apple this is not. The issue here is the fact it has gone backwards and is now treading water on massive share volume at sub penny, before the dilution this had good traction on steady volume and potential to move forward, now its facing a battle to get back to where it was before the dilution. If it was the stone cold certainly as you think it would not be subpenny based on what it has announced over the last 4 months.
Before anybody tells me all about the African contracts and the Panama contracts again i am aware of these. The African deals have been around a long time and no real progress as yet. As for Panama several units should have shipped down there already as the acceptance test was successful in early December and these units were to follow but no news on these either, probably because they need this Chinese money to make any units in the first place. The points i am trying to raise are that they have along way to go before any of this potential will be reached, the dilution only made it longer. Until this thing does start moving in a consistent forward manner please people desist from the hypothetical PPS and massive good things to come retoric, a lot has been promised, not too much delivered so far. I am long but i am also a realist. Income needs to start rolling in and then we will see what lies ahead. I have spent enough time on this stock for now, i am comfortable with my exposure and I will now sit back and wait for the 18th and see what that holds GLTA
Does not matter, fact is too many shares flying around every single day, and down 17% again, Kevin really shot everyone in the foot with this previous toxic deal, if he could have paid that off with a better deal prior to execution then this company would be in pretty good shape as long as the Chinese still sign up, how many extra shares are now floating around? Just go back and look at how many shares were traded from December 29th to January 25th about 8 million total for those 4 weeks and price stable in 5c range, now look today 26 million, 3 times as many in one day. Even with Chinese participation its a longer road that people imagine to recover.
Am i living in a parallel universe where when a stock go down its a good thing? So many happy people here strange considering how this stock has performed and is performing over the last month. Only approx 40 million shares took it from sub penny to 6 cents. over 350 million traded on its downward spiral, most sub penny. Today being a prime example 19 million traded high .0054 low .0035, still trading down 20% on the day.
I do not want to be a debbie downer but too many unrealistic posts on here about millions of $s in contracts and how this is going to $ PPS, it is still waiting on the Chinese money to keep the lights on and start to move forward. Anything on that scale is going to take along time, most of the contracts have been in place a long time already . I expect if confirmed that the Chinese money is in the bank the PPS may go to a couple of pennies, if the flippers let it, long long road ahead for this to reach pre dilution potential. I will continue to hold until after the 18th but Gents lets get real here, it is not a Guaranteed get rich quick stock, too many short term interests at the moment, if everyone really believed in this stock would it be sub penny? not enough real buyers to sellers or it would escape subs, maybe it will change on the 18th, lets hope so but enough with the wild expectations.
This is my point with regards the running of the company, very badly handled again, obviously a date needs to realistic to closing and not just plucked from the air as the 15th was. I feel this should complete as he is only buying 2 days otherwise, but its a another delay and this company has had plenty of these. There is no doubting the potential, i would not have hung around for so long otherwise but we are back to square one with the share price and lots more shares floating round. Lets hope this Chinese involvement brings a more professional operation and a boost to the price, this thing if it had been handled correctly would still be in the pennies not .0044 at these prices too many flippers who get 10% easy and turn over meaning the stock does not gain traction.
Do you not read 10Qs for your investements?
I see this as no more than the 10c the Chinese are paying ( allegedly) if it goes through due to all the extra shares now floating around, would move higher if contracts are filled as promised and revenue starts to flow . If not its pretty doomed as the debt is way too much.
and now its .0035, whats your point, they diluted back down just as quickly
everyone take off the rose colored spectacles for one minute, its down 30% this morning, admittedly on no volume but fact remains its now trading below .004, i am not a flipper or a short, have been here for 9 months and all it has been is promise after promise. Kevin if you have the news release it and put this to bed once and for all, you dragged your heels on the financials and i stuck with it, how was i rewarded, mass dilution and a 90+% price reduction, now we are all waiting on news you know, just release it good or bad and stop dragging this thing on and on and on. Love the product , love the promise, hate the delays and bluffs now deliver the news
2 1/2 million on the ask @ .004 is not flipping, i am long but this is hurting, thats why it makes no sense to hold back on news if its positive.
If i ran a company whose share price had just been decimated, on top of a very bad dilution of the stock, pretty sure i would be releasing the news of the Chinese cash injection ASAP to reassure the people who have been long on this. Fact its the 16th and silence does not bode well, why keep it quiet for the max time allowed when this needs the boost the positive news would bring. Not looking good IMO, hope i am wrong but not seeing any benefit from keeping quiet if it has gone through.
Why do some people relentlessly post messages about a company they say they have no faith in, this stock is OTC penny, upside potential huge, down side potential your total investment , easy solution invest what you are comfortable with based on your own DD and wait to see if there is an upside, or walk away and find something else. Hanging around waiting/hoping for a train wreck is plain weird, posting 900 messages on one board is obsessional. respect your views but move on for your own sanity. Yes there are pumpers on here, yes there are doomsayers on here, its a message board nothing on here to be taken as gospel do your own DD with any investment and invest or walk away, everyone has an angle,EVERYONE. Fuel cells have a big future, whether DNRG does is debatable but at 2c i am happy to see if there is an upside.