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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
Hey Gmac!!!!
I told you 0.06/0.10 was coming!!!
Whne the CEO and managment get stock from 0.0005 - 0.03 you can not expect that the market will support 28 cents!! or even 18 cents!!!
Another failed aquisition, and you can pretty much write this one off for 2012 and 2013!!
They say in 36 month it would be at $50,000,000 in revenue!!! 10 months in the run rate is $14,000,000 and losing more money than ever!!
I do not expect anyone to bail at these levels, but no one is every gonna pay more than 3 to 6 cents for this HORRIFICALLY RUN stock that has done nothing but DESTROY WEALTH for a decade!!
On a strictly technical basis this thing is heading to the 2's this week unless they have real news to support the current PPS!!
GLA!!
I wouldn't be a holde here!!
maestro
FYI at cureent levels 0.001 the company is worthless!!
$600,000 for a publicly traded filing company is below the start up initial investment of $1,000,000!!!
Just wait to reload, and pray that another 500,000,000 shares of diluting generates enough cash for them to run for another year of reduced overheads from the sale of Terrasphere!!!
GLA!!
I have a HUGE BUY ORDER BACK IN AT 0.0006!!
Baiscally I will own 10% of this company filluy diluted!!!! or you guessed it 100,000,000 shares!! all for $60K!!
SHHHHHHHHH
not time for the run yet!!
I will let you know when we are going to POP it again!!
maestro of COIN!!
Yah cash burn!!! That sucks!!!! Especially if your company is burning cash and has a Mcap of $16,000,000, and another failed aquistion!!! and no trading!!! but if it has an Mcap of $500K not such a BIG DEAL!!
; 0 )
I hate to point this out but if you sell for zero, and eliminate debt, the debt is effectively the sell price!!! Agreed?
Just Saying!!!
maestro
It will hit Zero when thgey file for Chapter11!!! You know after everyone figure out that this moneyless penny stock really doesn't have a cure for cancer!!! just some really horrific photos of a guys head will a huge growth on it!!
; 0 )
It amazes me that people tell me to learn how to read financial statements, when it clearly says this in the latest 10Q!! In fact if you actually listen to the CEO, he is basically saying "We got nothing for you here people, except for debt repayment with stock dilission"!! Now if that isn't the LARGEST SELL SIGNAL in History of penny stocks, then I do not know what is!! This thing is TOAST!
Wow 1.5 cents how did you do that, since the last stock dilussion was done at 3 cents, which is probably what this company is really worth!!
$0.03 x 132,000,000 shares = $4,000,0000!!! that is about right!!
so why no bids at 3 cents??
Oh yah I forgot they just announce another failed aquisition, and the comment about a self impossed deadline that does not really need to be met is laughable considering the 36 month plan to $50,000,000 in revenue is so off teh rails now it is laughable! well laughable if you are not foolish enough to fall for these lies time and time again!!
Over Promise and Under Deliver!! Words to live by here for the management team!
PATHETIC!!
The 10Q says they have no business at all, and that they will dilute further!!! What are you even talking about good news??
NO NEWS!!
HORRIFIC NEWS!!! I would say that the PPS will get crucified over this managment failure, but as there has been no inside bid on this stock since the Epic Q3 failure, what can possibly happen here!! If the ask drops from 0.14 to 0.06 you might get a few buys but long term this thing is going down due to massive dilution require to keep this company's lights on!! they have lost MILLIONS, and this year is no different!! Just look at the filings!! More sales and higher costs!! Still equals DILISSION.
If you unwind all teh r/s here this company has issued 280 Billion!!! shares!
Just time to put a little fuel under this baby!
0.0028 this week!!
then we push to new highs at 0.005 and Detective will tell me I am wrong the whole way there too!
0.0008 - 0.005 EASY MONEY HONEY!!
I live for slow days like today!!
Lock and Reload!!
maestro
NO BID!!! Wow does it get any more pathetic than this!!!?
No one wants to bid anything of this POC!!!
Great Work Guys!!
Finally everyone has clued in that this is never going to go higher based on the BALLONING SHARE STRUCTURE!! 1811 x 131,000,000 = 237,241,000,000!!! Yes this is correct!! 237 BILLION SHARES OUTSTANDING!! that is an increase of 100 fold on my original investment with 2.3 Billion back 3 or 4 years ago!!!!
Sale are up 2 fold!!! Earnings Non-Existant as always!! Expenses Balloning faster than the O/S!!
Have a Great Thanks Giving!! I am thankful I sold this a long time ago at 28 cents!!
maestro
I tried to respond to your post with facts, and it got deleted!!! This stock is dead without someone promoting it, or the managment clueing into the fact that they took way more than a pound of flesh when they reorganized!! The only hope is for the CEO to retire about 50,000,000 of his shared for freem otherwise this is already 3 x overpriced for forward guidance which I must say is not likely with the companies track record!!
GL2U
maestro
I really do not care about this thing, so delete this if you want
Relax!! Only people concerned about the PPS at this level are the ones who paid $1.50 two r/s ago!!! If you loaded the boat at 0.0008 this is all well and good base building!!
Give it time!!
maestro of COIN!!
These guys are unloading anything that is not making money!! Like they have a choice!! at the end of it all they will have a plant in California that pays for itself that is worth about $3,000,000 to 6,000,000 depending on the sales, and a corporate overhead that is way too high to be carried by this one plant!! Of course this company is for sale currently for $1,000,000 if you buy the stock today, and it is worth at least $3MM as a public company that is trading!! I think Ed is looking for a golden parachute outta this, and will merge or sell COIN to someone else for teh right money, and probably end up with 50,000,00 in stock!
JMHO!!
maestro!!
; 0 )
when ever you buy a bottom like 0.0008, the best plan is just to STFU!!! 50% pullback from recents highs is nothing to worry about after a 300% gain!!!
Have a great weekend all
maestro of the truth
Maybe I am not wrong!!! It says Mr Meller sold a portion of his Convertible Notes, which indicates that there would be no share increase!! This increasing in fully diluted happened between July and September. Can you figure it out?? I am too lazy to go look, cause I could care less about this company! I just thought that someone should balance out the one side opinion of DRT here so as no suckers buy this diluting POC!!
Have a great Day!!
maestro
Alright I will give you a hint!! they gave 15,000,000 shares to non-executives at a PPS of 2.75 cents!!! This is 1/8th of the current PPS! WTF would anyone buy this for more than 3 cents??
They wouldn't that is why!!
GL2U, this is just a bad stock plain and simple!!
DILUTED SHARES UPTO 131,283,955 NOW!!
Why is no one saying anything about this?? CEO back to his old dilutive ways!!! any gains in Revenues are offset by diluting which means that shareholders will never make a penny off this!!
PATHETIC AS USUAL!!
WHERE ARE THE HORRIFIC NUMBERS???? You know the ones that prove this is yet another lost year for loyal shareholders!! Why is it this company can not execute a basic business plan?? this is an easy business, yet quarter after quarter after quarter they just say the same thing!!! "Wait till next quarter and we will make money"!! Yah Sure!!
Anyone still believe anything this company says?? Anyone even still here?? LOOKS AS DEAD AS EVER!! Who killed this thing??? Oh yah the CEO that is who!!
PATHETIC!!
It a Spinning Reverse Doji!!! LOL!!
Chill Out your Captain has this on Cruise Control now!!
0.0026 then the break out tomorrow!! MMers can not make a market undr 0.002!!! no shares left to sell!!
; 0 )
"ALL HAND ON DECK ALL HANDS ON DECK"!!
This is your Captain Speaking, I would like to inform you all that we see a PARABOLIC SWALE on the horizon which should lift all ships!!! We just need to throw a little more dead wood over the side so we can ride the wave back to 0.0026 this afternoon!!
All Aboard!!
; 0 )
Hey Sailor what if the PPS is over a penny!! not much stock required is there??? You hate the fact that shareholder here are banding together and saying this one POC is now worth at least a penny!!! It is killing you isn't it!!???
Lets see $500,000/0.01 = 50 million!!! BIG DEAL!!!
less than 10% diluting per quarter!! assuming no money from a sale!!
YAWN!!
Here is a little perspective so people have both sides of the story!! One is Detectives they are getting out of the MJ market, even though they have patenets for Pharma growing enviroments, the other is mine and others which says MJNA today alone has increase in Mcap by $10,000,000!!! That is enought to buy COIN out right ten times!!! If not MJNA maybe CBIS!! maybe someone I have never heard of!!! bottomline with the cash these companys are getting, they can easily use stock to buy TERRASPHERE at these depressed levels!! I for one am not going to stop any take over of my 4.99% ownership!!
Good Luck ALL!!
and the Good news is in a few days when this is above 0.0036 Dtective will be hiding under a rock again, planning his next sky is falling attack!!