Working on the big PENSKE project
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Damn, I was hoping for a brief visit to the 000's for another buy in, but it looks like there is too much resistance. Kirby help me out here, are we going to see the 0.000s next week. I need assurance!!
Take some deep breaths before going to GOIG. For your own insanity, I would recommend not even looking at it, and convince yourself that it will be very short lived and will come crashing down and some people may still lose a lot of money.
Yes it was a good PR. Explains the delay and assures the investors that is most likely going to go through. I wish I had to the free cash to buy more at these lower levels because it has held here for weeks and looks to be the bottom.
I think there is an excellent chance to see upward movement in the next 2 months. Still not too concerned by my 0.0035 purchase, but if I can get some money transfered in time, hopefully I can average down my pps. That is next week though, I may be already too late by then...we'll see.
Another thought on the dividends.
The CEO is going to push for as much revenue as possible because when he issues quarterly dividends, that means he gets paid. I remember the PR that said he sold his shares of ATNO/P to reinvest in GOTV to help with their success. If they're generating income, he'll issue a dividend to get paid. We will be rewarded at the same time with our gotv divis.
Perhaps if they are successful enough, he may hold onto them for awhile for divi payments before selling for the big payoff.
I'm hoping this will have it's GOIG moment this year. I think the big kicker is going to be the announcement of television commercials and infomercials. My guess is once they get the go phone launched and settle on the upfront cost issue they will start advertising to the general public.
If people see this on tv, there should be a huge shift of eyes over to ATNP. This will all be second half of the year in my opinion. Kirby the prophet is the only one who really knows the answers. The rest of us have to play the game:)
They released 3 PR's in June of 09. Hopefully we get a small PR blitz again in May or June of this year. Looking forward to bailing at first sign of movement.
Got my sell at 0.001 and don't care if hype takes it any further. I would be extremely fortunate to profit off this and actually get out. I'm tired of this wart in my portfolio.
I guess they are restricted in the sense that no one can buy these shares unless they have ATNP. This is not a type of stock that you can buy or sell on the open market. It is dividend that grants us partial ownership in this private company.
It is my belief that if this company generates revenue and they decide to issue a dividend, we will be compensated with cash based on the percentage of GOTV shares we have. Also if there is a buyout of GOTV, the price will be distributed based on the percentage of GOTV shares.
The CEO Chris sold his shares of ATNO/P back in 2009 and said that he was investing 100% in the GOTV company to get them started. He was probably compensated with GOTV shares of the privately held company. When he gets this company up and running, he will be very much interested in selling the company. In return he will be compensated by the number of GOTV shares, which probably far exceeds the number we carry.
This is my belief of what the GOTV shares mean.
I have a friend who works with Sam Adams for 5 years. His territory was manhatten and he was promoted and now works the DC region.
I asked if he heard anything about an upcoming company Hall of Fame Beverage or V. Group or the drink prirate punch.
He said no. I told him then that it was probably a false rumor about a buyout. The company made energy drinks.
He responded with a laugh and said that that is not their style. He then said alchohol + energy drinks are getting killed in the courts right now. Bad business and a lot of law suits.
The divi shares will be important if and when there is a buyout of GOTV. That is where we will get a piece of the action. That, and hopefully it will reflect positively on the ATNP stock.
Also once the ball gets rolling and revenue is up, we could get a nice little cash dividend as reward.
If by some reason he was right, investors would be all over this. I would be scraping whatever money I could to buy more. Every bottle that I can pickup and recycle would get me another 166 shares :)
Let's see if our guru Kirby is right with his prediction of 0.0005 this week. Could he be the new ORACLE ?!!?!?!?!!? hahah
By the time I get paid and get the funds transfered I probably wont be able to buy more until next week so I will grant Kirby an extension on his prediction until then.
I have ATNPD listed and the shares are showing in my Zecco Account.
I hope you are right. We got a good bounce on Friday, but if you look at it from a week's trading perspective we were actually down.
Good for the flippers, not much action for the people that are holding.
What word would that be?? I don't see any updates in the PR's.
Just prepare to get some follow up emails from the haters asking you where the news is when it doesn't come....
Volume poured in on last trading day of last week too and I thought it was an indicator.
I've got volume starting to come in another one with no news either. Wondering if its just another false alarm. Investors taking a position during power hour end of the week and not an indicator of news.
No way! You really think it will stay in triple 0s with the launch of the go phone?!?! Prior to launch at some point people will be flipping this stock. I'm not saying it will hit the penny June first, but there is definetly going to be some bouncing around. Paint dry?!?!?! There are stocks like bzcn that are far worse than this as far as sideways trading is concerned. Anything in the triple 0s is not going to last dude. You and Kirby are cooking up a little something, I am sure of it.
There could be a second drop though, I will give you that. Sounds like a lot people are still in limbo waiting on their shares. PPS might be low enough where they might hold now though.
You are right, and I shouldn't get too attached here, but I do think this CEO is concerned about his investors. He releases PR's weekly and has addressed issues in his PR's in regards to trading.
Forward splits (I view as positive) and divis in the past few months shows that he is thinking about us too.
I haven't been in the game too long, but I was deceived and picked some real losers so I do agree with you. I tend to stick around with this one because of the potential and the constant updates, forward splits, divis.
That's a low blow. I can see frustration with the brokers, but to twist the blame to the company? That sounds like a conspiracy theory.
Agreed, but it is very hard for someone who lost a lot of money to hop back on board again. Then they will feel like they did not learn their lesson. They will remain bitter and I don't blame them. This is a tough game we play and is frowned upon by many investors.
I invested at 0.0035 and am a little worried, but I always go down with the ship. I'm just going to let them do their thing and see where we stand in July. By then distribution of their new product should be underway coast to coast. If they failed on that, then I'll give credit to the bashers.
Until then, all we can do is speculate since there is nothing at the moment to go on. Either take advantage of the low price, or move on.
Those 0.0005's would get filled so fast....that would be an investors dream to hop in at that level.
Don't tease us :) I am praying that by next week it is down there to up my share count.
Perhaps there are some advantages with scottrade, but from what I've been hearing, they are picky with what penny stocks you can play.
Zecco is very penny stock friendly and has cheaper commissions. Something to keep in mind. Zecco got their shares yesterday morning, which may have been later then some of the others. Not sure what their rating would be on forward splits.
We're trading at 0.008 presplit which is pretty good. We are holding...I think tomorrow will be another selling day.
I'm falling out of the loop on the PR's. They are having a board meeting tomorrow? I am spoiled and used to just looking on this site for updates, but with the new symbol and screen, I guess the PR's aren't going to post here.
Hard to say, but in my opinion, I might wait it out and see if it dips further. There are still some traders in limbo that may be looking to sell.
Anything in the 0.000s is a def. buy signal, but I am not sure we will get there. There is no doubt that it will rise from this point with launch of the GOPHONE. There is very little risk in my opinion. Entry point is key in determining how much profit you want to make though.
Actually as of now he is not right. First he was completely wrong. The stock started taking off north.
Now it is down to 0.0014 which translates to 0.007 before the split. This means we are about even if not a little up from where we were before the split.
A large drop from this point will prove him right. I look forward to buying if it hits the 0.000s but we'll see if it even makes it there. My fingers are crossed that it actually does drop. I want to bring a lot of shares with me on the next ride to the penny. :)
This is going to be an exciting stock either direction is travels.
Thank you, I checked this morning and assumed we would not get them until tomorrow. I did get the shares in both accounts. I guess people were watching like a hawk and moved as fast as they could to take profits. Don't blame them, that was smart.
If they continue to play this stock, should they reinvest now or wait to see if it goes lower....
You can add Zecco and Fidelity to the list of brokers who have not distributed their shares and yes it is unfair. You would think with computers the whole thing could be allocated in one day and that the timing for everyone would be the same.
It looks like there will be a massive selling. If you have some free cash, I would recommend buying, especially in the 0.000s. This will be back. We just might not have the opportunity to flip and and accumulate as many shares as the privileged people who have their shares now.
Yeah I know they cover their asses legally with that mumbo jumbo at the bottom. I still prefer to see them go public with a written statement so that all investors know what standpoint management is taking. Then we can be judge and juror.
Right now we are blind. I still think the PR bares more weight than a cell phone convo.
Is it really that insane to short a subpenny? I would never do it because you could lose more money than you were willing to gamble but....
Most of the subpenny stocks are losers. If I picked 20 subpennies and shorted them, wouldn't at least 90% of them fail or drop in value leaving the person who went short the winner?
Investors tell most not to involve themselves with subpennies because they will lose everything. Well if you were short, does that mean you come out on top? In that sense it seems like a no brainer.
Just a follow up thought to what you were discussing.
Chill out guys. PR said May east coast June West coast for start of distribution. This is the speculation period. Either load up and pray or sell and move on.
Movement shouldn't start until those deadlines approach. As far as this caveat emptor thing....they said they submitted the paperwork and it will be processed at the leisure of PINK, whatever that means.
A cell phone conversation means nothing. What needs to happen is there needs to be a PR release. Something in writing to make it more official. I do not want an informal conversation on a cell phone. Besides then it would just be my word against everyone else.
Buy/Hold is the best approach because it takes all the stress off. You look forward to teh drop so you can load up and if it takes off instead your glad you held.
There are plenty of things going on with this stock that if it dropped any further, new investors will LOAD UP big time.
Plenty of breathing room between here and the penny for the day traders to make profit. That is what they like to see. It could almost be viewed as a good thing if it tanks down to 0.000s. We know it would never stay there and we could load up on millions of shares and take that with us to the penny.
We will be back at a penny at least once before the year is up in my opinion.
This stock will see higher levels. We just dont know if it is going to be now or in a month or two.
I'm not dealing with those kind of numbers just yet, but I will keep that 35% in mind when trading.
Oh mylanta, that alone discourges me from trying to flip stocks. I would think they would just accept a net profit or loss. The backup would just be kept for your files in case of an audit.
Day traders must have thousands of lines to report. I can't imagine people sit and look at each one of those.....
Generally I like to reinvest 100% to work on growing my portfolio, but I guess at end of year, I may have to worry about keeping cash liquid for taxes.
I just wasnt sure if everyting was still invested you wouldn't have to pay tax. But just saying that sounds kind of silly because you could avoid taxes every year if you did that.
Tax question for the day traders:
I am new to this world and did not start selling until 2010 so this will be my first year where I'll have to deal with these buy/sell profit losses on my tax return.
Heres a scenario: Lets say I bought 100 dollars worth of shares this month. From that investment I was able to sell in November for 1000. I took that 1000 dollars and reinvested back into another stock in december and left it in there past the close of the year.
How much am I subject to tax for the current year? Do I pay tax on the 900 or does the fact that it has been reinvested defer the tax payments until I sell.
Also the buy sells is getting pretty long and I trade far less than most. Does zecco or other brokers have a form you can print that breaks everything out for the year. I think I saw they provided the service for like 30 dollars or something. I would probably do that just to avoid errors and backup for audits.
I am told you can purchase by phone and not over the internet. That is the case with Zecco and Fidelity.
I am cluesless as to how I am going to handle the profit taking. I was going to sell at a penny and try and reinvest, but it did not get there pre split and did not crash like it did last split.
I can't determine if this is a low or a high. Most likely I will be in a buy/hold mode. If the stock drops, I will continue to buy. If there is some insane rise and it hits the penny then I will most likely sell half. I think a portion needs to remain because the potential is too uncertain. If there starts to get into nickles and dimes I want to be around to see it. I'm guessing AD1 will be retiring if this hits a nickle.
My guess is most are going to sell once they get their shares. Maybe a quick drop and a very quick recoup because of such a low price. You can try and flip.
I misread this stock alot and might just wait for the spike before the launch.
What does a hundred shares mean to MM's?
Certain brokers won't let us touch this yet until the split has been issued. This is why volume is probably not as high.
I agree with that later post by chmnd whats his name :). My broker has not allowed me to trade antpd. I do not have the shares and I can not get a quote.
Where has the news been released? I don't think many people are aware of the new PR. It is not posted here and googlefinance does not show a ticker symbol or PR.
It is going to take a few days before this thing can start a regular trade again.