Working on the big PENSKE project
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The timing of the forward split is irrelivant. They will probably not split until sometime in April. There is no advantage to buying before or after a split, it is all relative. The share price will decrease by 5 times after the split so you can buy 5 times more shares afterwards.
The split will have no impact on extra dividends either. Since everyone will have 5 to 1 split everyone will receive the same percentage.
In subpenny world, forward splits seem to be viewed in a negative light in my opinion. Price will go up before the split and then everyone sells just before the the price crashes after the split. Once it crashes, that is the optimal buyback time.
However this split may be different because the product has already launched. Last time there was no product so everything was all hype. This time maybe the low price will attract large volume because the product will have been out for the quarter and revenue numbers may start to come in.
Good luck everyone. I'm going to ride the waves. It may crash, but it will always return to the penny. There is too much to come that the hype will return again. I will take advantage of the split and wait for the penny.
I know why would you sell yesterday?!?!!? Did you think they wouldn't vote yes to everything. Even if you doubted the company you had to expect a temporary spike like this after the PR.
I've played this stock wrong a lot so far, but even I would not make that error to sell when they had a grocery list of items to review on the board meeting.
Everything approved. If the demo launch is released today it will be a powerhouse. Then I would say all the ducks are in order. Some lucky sob's that bought in mid day yesterday. I'm jealous.
I invested a whopping 39 dollars yesterday after the PR hoping maybe some movement, but I jumped in without any research. It was just left over from a previous investment.
Risks outweigh the reward. Even if it will hit 0.0002 it will only for a sec and probably a bunch of limit sells already waiting.
I invested a whopping 39 dollars yesterday after the PR hoping maybe some movement, but I jumped in without any research. It was just left over from a previous investment.
Risks outweigh the reward. Even if it will hit 0.0002 it will only for a sec and probably a bunch of limit sells already waiting.
I bought in yesterday morning at the highest point thinking it was going to start taking off. I feel confident still it will be in the 4s very shortly.
I have a feeling they are going to drop some good PR's followed by a R/S to try and convince stock holders that this is a good move.
I bought in today and am confident it will go to penny. My prediction is a little bold, but I am saying it will happen this month.
Poor ageorge is going to face a lot of heat until a PR comes out. It will have to be a solid one with concrete facts too.
If you're a believer and believe this product could one day be on the shelves of best buy (hopefully the television advertisements will go through), don't worry about whether there is a delay by a few days. The fact that you have an opportunity to get in below a penny right now is very good. Also remember that this is an international product, so you do not have to measure just on the success in the states with all the competitors.
If the split if voted through, we may have to wait a few months to get back to a penny, but our earnings will be 5 times greater when it gets there (10 if you bought in today).
I'm not really sure why they keep doing forward splits. Had they not done the two 10:1 forward splits, the price per share is relative to trading around 0.50 right now.
There is a chance that when the split gets approved, there will be a a big sell off, but if you have the time and the belief just hold. This stock always returns back to penny land. There is plenty PR and things to come to bring it back there.
Had the believers who bought in 2 years back held through all these splits, they would almost be ready for early retirement.
It is only based on gut. I've watched sub pennies for awhile and I believe this is following the pattern of one that will break to penny in a few weeks.
You have my unofficial approval of the penny. You can take that to the bank :)
We should hit the penny BEFORE April 1
I said hopefully they will have the demo. They stated in their PR that it was not def. for March 7th demo.
If it doesn't happen today pps will collapse. If it does I think it will be positive and hopefully get us back in the 7s
I said hopefully they will have the demo. They stated in their PR that it was not def. for March 7th demo.
If it doesn't happen today pps will collapse. If it does I think it will be positive and hopefully get us back in the 7s
I changed my mind again. I am going to let what I have ride and hedge with other bets.
I am hoping with the television advertising if it gets voted through, will make this mainstream enough so that best buy will stock shelves with the gotv product.
I'm hoping pps will be at 0.0003 Monday for me to increase position and average pps down.
This is a very risky investment people, maybe you should sell and cut your losses :) Maybe the scam talks are true!!! Run while you still can. Even a sell to me at 0.0002 is better than losing everything!!
Yes they will start off monday morning with the results of their discussions. Hopefully they will announce the launch of the demo same time. I am thinking that is the plan.
This is a what if scenario:
Reverse split to 0.10 and throw this into big leagues like NASDAQ.
See if it could start trading in the dollar range. With the advertising campaigne and that kind of move, there would be a lot of eyes on it.
I don't know about legalities, but he would be doing a split for all of us, so it makes me think it would be legal.
A forward split in relation to pps is all relative. The value or your core investment remains the same. If the stock splits and it goes back up to a penny, you have to ask yourself, if they did not do the split and stock was rising, would it have been worth 0.05 (after a split, for the stock to return to a penny is a big deal so it is comparable to 0.05 cents).
In that sense I think it would be legal because he is not changing the value of the company.
Same here I sold just over a penny today thinking that it would dip.
You never know with these things. At least we made money though. Another way of looking at it is we could not have been in this at all.
I remember the stock TANKED after the last split. I bought in right before it. Second penny stock I ever bought. After that I thought it was the worst investment ever. Of course they didn't have any announcement of a launch back then so I dont know how it will read this time.
If it tanks to the bottom 0.000s after the split I would buy more in in a heartbeat.
With the split to go through the equivalent to your dime will be that it hits 0.02 this year.
If I were you, I would be pulling for the split. I don't think you would mind waiting a year for that to come back up to a penny :)
Imagine if anyone held through both 10 to 1 splits and continued to hold through the proposed 5 to one split. Then imagine if it returned to a penny again.
You could care less about pps breaking 2 pennies. You would have more shares then god if you started off buying a million when it was trading in 0.000s
Between your info and what Here2help had to say, I am thinking about buying additional shares on monday once my money clears. It will average down my pps cost.
I think we will sweat a little, but when word gets around after the next pr we could be trading in the 0.00s
So ridiculous that it has me nervous. I already thought it would have started moving upwards.... The forward splits are only going to return it back to the low 0.00's again.
Is Tivo international? I'm not being sarcastic, I really don't know. One thing is GOTV is setting up internationally. Maybe they will have a leg up in that aspect.
At this rate, the penny is a very safe bet. Amazing the consistent climb over these past two weeks on no news....
I'm removing my my sells at 0.013 and going long term. Risky yes; but I think I want to capitalize on the split and dividends, and I think once they start advertising on television, this thing will be worth far more than a penny.
It will definetly go up, but I figured we wouldn't get the power hour which I was refering too.
You are buying at an excellent time though. I bought at 0.0065 yesterday thinking that would be the bottom, but you might have got in at the bottom rate. Good job.
No bet. You can post all you want :)
I wouldn't call that a power hour. Again I am hoping for the best.
I'm calling false on your "power hour"
Plenty of time to buy with a 5 to 1 forward split on the table. Regardless, PPS is going to drop.
I'm already in as much as I can give, so I do hope for the best.
Any one going to try and flip at the Penny??
I am nervous it may not come back down............
I agree. They can't say it's official, but they don't start giving specifics unless if it is pretty much a done deal. In my opinion, dividends and the split will go through.
What I really want them to do is advertise on the TV. To me that is the biggest proposal on the table. Sure you get the techies who will look at the internet sites, but we are talking massive audience with television.
I'm sure it wont be until 4/1 but if the stock is trading at a penny then it would bring it all the way back down to 0.002 again. You can do the math if it is lower....
If the split goes through, the stock will be DIRT cheap again. A chance to fill up on some more :)
Holy S that is a bombshell PR!!! I am most excited about the TV Commercial!! I kept asking why aren't they doing it and it looks like it is on the table.
They reward their bagholders. They did two forward splits of 10 to 1 and dividend shares in GOTV.
Now there is another 5 to one forward split PROPOSAL with another proposal of Dividends.
Imagine the believers that bought into this at the beginning and held all this time during all these splits and dividends. They could actually retire on this if it makes it to a dime.
I don't think he is trying to make the pps go down. His questions are legitimate. I think he is just concerned about his initial investment. PPS is going down on it's own so he does not have to worry about that.
I pray you are right about your discussions, but anyone can say they talked to the CEO. We need to see a PR.
PR does not help here, but their board of directors meeting is tomorrow. They will unload a lot of news in that PR. There should be all sorts of future projections, contract announcements, divi proposals...
I would think there would be a lag time from the meeting to the release of the PR, but they seem to release PR's same day.