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When it goes up to your selling point?? Take a long look at the 3yr charts on any of these POS corps, they just go down.. They pump, then dump, then dilute and sell and this goes on until the stock reaches $0.0001 at which time they have to declare a Reverse stock split, or change their name into a Reverse merger and begin anew.. Its a real money-maker, for the CEO!
Invest2win, I've been thinking about doing the same thing, just have to come up with a good story, then sell stock over the next 10 years.. Woah!
The FDA approval as well with Iodine, its a Poison..
PHYH.. Bwhajaaa!! Hey, Go Shakerzzzz -- LOLOL!
If PHBT had buyers they could sell Patent Pending. But they don't. And even if they did, once the phantom product(s) were patented, they would have to obtain approval from the FDA which takes on average 3 years. Personally, I don't think there even is a product -- just a concept drawing on paper. They have no employees and no plant or office.
You know the CEO had a pretty good plan.. Put an idea for a patent on paper then cash in by going public on the Pinks. No financial statements needed, no expense for offices, just the occasional fees and licenses for a shell corp and patent fees. Now that's called making $$$.. Bwhajaaa!
You dudes could watch buns rise in Toledo and get more action.. Bwhajaaa!
Hi Baggies, Still waiting on that X-Lax Relief? Bwhajaa!
Whoah! A regular Comedian on-board PHBT, Finally..
You people gotta learn to laugh when you do stupid things, its the only way to keep the Predators at bay, yeah.. Its a bona-fido jungle pit out there,, Bwhajaaa!
Hurricane Party - LOLOL!!! Bwhajaaa!!!!
CYAD Up 85%.. PHBT Bid at $0.00009 !?!? Whoah!!
Read this one too cause story never changes..
http://www.investorshub.com/boards/read_msg.asp?message_id=10254335
HoHoHo!
Spoken Like a True Baggie....
But give me a frking break -- Isn't investing in PHBT like sitting on your lawn and watching the grass die???
Bwhajaaaa!
Safe position in PHBT?????
IMO, this one is heading full charge to a RS once dilution reaches Authorized shares, what is that now -- 600 Billion? You could think the pps has stabilized because it takes longer to reach the next lower price, but that's the dilution effect. Its also why PHBT won't run up, just like a fat Jack Rabbit can't hop very high carrying pounds of fat. If you bot at .0001 and can get out at the same price, TAKE IT!
IVHN Stockster Pick.. BWHAAJAAAHAAA!!!!
Toxic Financing in Penny Stocks..
In scamming, you call the sucker that you steal from THE MARK. In penny stocks, everyone on the investing forums are THE MARK. I’m relaying this info to you today so that you know how penny stock investors get scammed.
I’m surprised no one has ever done a complete description of the scam. Anyway, here’s how it works:
1. There is a crappy pink at .0001 or similar with no PRs and no buyers. We’ll call it Crapolla Inc (Ticker:CRAP) 1 billion shares at .0001 per share is a market cap of $1,000,000. The CEO has %55 of the common stock, or about $550,000 of investment in the company. %45 of the stock is outstanding, held by uneducated investors that got stuck with it on its way down.
2. This CEO realizes the company is going nowhere (he owes at least $100,000 in debt that the public investors don’t even know about) while he’s still in charge and decides to sell it. He goes to any number of reverse-IPO brokers or shell-marketers, they are more than happy to arrange to find him a buyer.
Examples:
Absolute IPO.com
Go Public.com
Innovation Public Shells
Keating Investments
Mergers-R-Us.com
Merger Station
OTCBBShell.Com
OTC Traders
Reverse Merger.com
Reverse Mergers.Net
Venture Associates
3. Private company owner of Poop, Inc needs a shell because he wants to try his hand at going public, or just hears about how easy it is to scam the average 49-54 year olds out of their life savings and decides to go to the website of the above companies. They have about $255,000 in cash. $5,000 later, the above companies have fitted him up with CRAP, Inc.
4. The public company (CRAP CEO) and the private company (owner of Poop) strike a deal, $50,000 goes to CRAP CEO and he keeps 5% of the new companies shares. Poop, Inc’s owner loses $50,000, but still has about $200,000 in cash and now owns %50 of the shares.
5. The combined company, CHIT, Inc (Ticker: CHIT), under new management, announces a reverse stock-split at 1,000 to 1.
(The new outstanding share count will be 1,000,000 shares. 50,000 will still be owned by the former CEO of Crap, Inc and 500,000 will be owned by the new CEO of CHIT. Remember that the public does not know this.)
6. The stock price will also reverse to a penny a share, but immediately tank as the public scrambles to sell their shares. After all, they all thought the most they could lose was X amount, now that it has reversed, it’s only going to go down further. Eventually, the new market cap will be .0001 again, this time at a market cap of $100,000.
IMPORTANT ITEMS:
CEO of CHIT - %50 - 500,000 shares - $50,000
Former CEO of CRAP - %5 - 50,000 shares - $5,000
Stockholders - %45 - 450,000 shares - $45,000
Debt - $100,000
Market cap - $100,000
Cash on hand - $200,000
So the CEO realizes something interesting now, he now has the company at a point where it’s market cap is vastly undervalued! The public investors keep selling, too.
7. The CEO of CHIT still has about $200,000 in cash, and that market cap is highly undervalued. Because of that, the CEO will buy up shares at these bargain prices. about $5,000 of investment at these levels (bought very slowly) should do well. He might be lucky enough to be able to buy 10% of the public ownership (100,000 shares) at .0001 for $10,000. That would bring his percent ownership to about %60, remember that the original CEO still owns %5. Cash on hand is now $190,000.
8. Here’s where it gets fun. The CEO goes out and searches for a financier, usually some hedge fund that sells stock that doesn’t exist yet, to short the company, and then the CEO just raises the authorized shares and gives the legit stock to the hedge fund which covers its shorts. It works because the CEO doesn’t have to consult with his shareholders before raising the authorized share count. But he doesn’t do this yet. He just lines up a financier.
9. The forums are ablaze! Someone just noticed that good old CHIT, Inc (Ticker: CHIT) is struggling to stay at .0001! Alert the INTARWEBs! Before long, everyone is watching. Usually these people are paid pumpers, but sometimes it is employees of the company itself. We’ll say the CEO spent $5,000 to hire someone to do good PR and search engine optimization (SEO) for the stock ticker. $185,000 is left.
10. The CEO decides to start investing in the company by purchasing assets, starting a new service (or website), and releasing PRs via Marketwire! Some of the PRs talk about how $20,000 was spent to lower CHIT’s debt, they are looking at moving to a new exchange (all pink sheet stocks say this), they’ve secured new financing (another loan), the float is only 400,000 because he just retired 50,000 shares and still owns %55 of the company. Whatever they can say to get an investor. With his $185,000 original money, we’ll say that in 1 week he’s down to $100,000 in cash on hand.
11. But lucky for him, people are noticing and throwing tons of cash into CHIT. Hell, the PPS went from .0001 to .0085 in a week. It’s still at this point when the CEO raises the authorized shares from 1 million to 50 million and since he can’t lose majority control, his 550,000 shares are now 27.5 million. The average stock owner still owns their crappy little investment, but they are out speaking the wonders of the world for the CHIT CEO, and talking about how much they made. Eventually the stock hits .0350 PPS, and everyone is wondering when it will stop. The former CEO of CRAP sells his 5% and bails.
12. Before long, the signal goes to the toxic financier that he’s ready, and the financier starts shorting the stock after the former CEO sells his 5% stake. They sometimes short slow, but they always short big. One day, the PPS drops to .0150 with over 5 million shares in volume! A call to the Department of Treasury confirms that yup, the authorized share count is now 50 million!
13. Smart investors would get out now, but how easily forum investors are duped. Before long, thousands hold a position in the stock, and the toxic financier and CEO have scammed out 20 million shares at an average of .0175 per share. That’s a sum of $350,000 that usually ends up getting split relatively evenly between the two.
14. With the newfound money, the CEO may be able to successfully buy some more shares to stablize the PPS, but most just let it fall, raising the authorized shares even higher when they get a chance, shorting through toxic financing, and then getting out by selling the company (at a higher price) to the next person that wants to try. In this example, the CEO of CHIT knows exactly what to do…
(Next Round: Go to Step #2 above)
There are ways to make money on penny stocks, but it involves finding 50 different penny stocks all at .0001 and investing about $100 in each of them. If you do that, you’re likely to find one at the right time. It’s important to get stocks that have only decreased in value. It is the difficulty of finding a stock that is at Step #7 or Step #14 that makes this type of investing so risky.
About the closest to risk-free penny stock investing is doing something called a “group play”, but it’s a straight up scam on forum posters. Essentially how it works is by finding a stock at Step #7 or Step #14 really low and, with a group of people, buying somewhere between $10-15 thousand of shares of a company. Then, each member is responsible for posting on a forum and replying to other member’s posts, about how they are now in that particular stock.
These members then wait for the PPS to double or triple, and signal each other to sell. They’ll keep pumping on the forums as well. Eventually they’ll be out of the stock entirely, and it’ll slowly (or quickly) drop back down to the range it was at before.
You’ll notice I didn’t use any specific stock names in this article. That’s not for legal reasons, it’s just because 99.99% of Pink Sheet and 98.99% of OB stocks follow this pattern.
I'm in 5% CDs, so my account always goes UP!
Can't understand you guys who buy pennystocks in a bear market, when shorting from an offshore account is 100% where the $$$$ is here..
ACTC.. LMAO -- Bwhahajaaa!!!
Got me, Shakerzzz.. That's just the widespread Rumor on a IGAI Buyout, it's everywhere!
Maybe today I get SFNL'E' at my 2c target... Whoah!
Holding 8M PHBT for Coming Run?????????
Which way do you think it will run once its bowels get moving? Whoah!!
Hey, Ur forgettin' that 20c BUYOUT on IGAI, Woah!
Ever Make a Daytrade? Today it was IGAI for Da Gappa..
Nice Bounce.. Right up to Old Support/New Resistance, HoHoHo!
Yeah, saw that.. Thanks for the update. According to Yahoo, they did a 1:57 split late in 2004, split adjusted the price never went over 90c/share. Did notice they usually have a runup into the first week of December, though..
It looks like the new CFO, Fasci has his hands in many successful businesses and could use the company's services and get it going internationally. Will have to do more research on this one, I think that receivable boggle was a large contract that fell thru. The revenue got booked along with the receivable, then they had to write it all off. Maybe Fasci has the connections to get this company going. I agree there's plenty of potential, just no follow-thru. And I'm glad I wasn't one of those ipo buyers at $20/share a few years back!
It's refreshing anytime a pennystock isn't financing via share dilution..
Maybe Corday needs the funds for college education?
The company CFO recently purchased 10k at 35c and 100k at 10c. I'm looking to buy at 2c soon..
Nay, They didn't sell yet......................
The chart is going South just like I've been expecting once she put in New Lows. I'm expecting a repeat of the June action on this one, and where she stops nobody knows!
http://stockcharts.com/h-sc/ui
HoHoHo!!
BWHAJAAAJAAAHAAAAAHAAAAHAAA!!!!!
IMNR is a DILLUTED POS,, Poor Baggies..
Been there, and done that more than I'ld like to admit..
Now I have 3 rules on pos stocks -
1. Buy low on low volume and never chase a run
2. Only buy on oversold TA with rubberband potential
3. Never buy on recently release and anticipated news
SFNL Getting Close..
Looking to pick some up soon on oversold technicals for a 3 Bagger to around 10c,, Bwhajaa!
Cool!
http://www.investorshub.com/boards/read_msg.asp?message_id=12480188
But I wouldn't hold it any longer than it takes to sheer a few sheep (figuratively - Lol!), since the stock just put in NEW LOWS..
$0.0189 Busted, No More Support Baggies..
HoHoHo!
$0.02 Busted, last Support is 6/16/06 at $0.0189
Chart-wise it just looks like another dump is needed..
Hi Again Baggies..
Well, so far so good on my DOWN predictions. Now you have to watch $.02 for support, and a break below that confirms the next stock DIVE is imminent. I think that's the next move..
U Baggies Will Get a Nice Ride.. Way DOWN!
Zero is a long way down from the current pps, what's $0.02 cents today turns into $0.002 cents, then $0.0002 which is 1/100th of $0.02, see what I mean? All it takes is massive dilution, and IMNR has plenty of that. Also, when the R/S comes you'll get 1sh for 1000, not the 1:100 split management mentioned before. So buying IMNR at these prices with this sort of dilution is pure insanity. If it was going up it would be a different story, but while its going down, you're getting massive dilution..
Good Luck anyway, I'm keeping an eye on it but don't expect anything until mid-2007 post 1:1000 R/S, then maybe I'll pick up some at $0.0002 -- Bwhajaaa!
John, usually 'after hr' trades are just clean-up from the day. That's why you see some over or under the closing pps..
I Rode this pony from $0.21 to $0.61, now its at new all-time lows.. Likely more new lows to come -- 3yrs ago this stock was around $20/sh, so its obvious there's lots of dilution pollution going on..
I'll Buy IMNR once she breaks $0.03 on high volume..EOM
IMNR didn't overcome $0.025, then there is resistance at $0.03, there will need to be mega-volume to make these hurdles, jmho..