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Hmmmm. Interesting.
I don't think too many are panicing. Just how far do you ride it down when there is an endless supply of shares? I mean does it matter if they make 100 million if someone is sitting on 3 or 4 hundred million shares to dump no matter what happens. Seriously, someone has been selling probably 2-3 mil a day on average for months now and it is not slowing or stopping.
I think it may be time to go. Selling is relentless. I don't know where they came from but someone has tens of millions if not a few hundred million and they are going to sell this back to the double zeros. Either they bought in way, way back or they didn't pay for them but either way, they have them now and they don't care where they sell them as long as the shares get sold. Gonna be a long time before this even hits .03 again I think, no matter the revenue numbers.
I've got to say that if this keeps up I might have to sell my position here to walk away with some gains. There seems to be no end in sight and no price that this will stabilize at despite the obvious progress. The company seems to be doing things right but for some reason it doesn't matter. For what ever reason, something is not adding up here. I've personally never owned a pink stock like this that just dropped every single day no matter what is happening with the company.
Damn, this is getting old. We've had what, 1 green day in 17 sessions. Unreal how this gets beat down day after day. Who the hell has the unlimited amount of shares to sell? I'm holding because I think this company is making it but it sure looks bad that it sells off nearly every single day.
I am comfortable with my investment here and where I made it. I have no problem with the PR because this event will give us exposure in a market where the product is actually available. I am frustrated however by the lack of inerest in this stock. I can only attribute it to that the market does not feel like this company is going to be successfull. I really wish they would stop pushing back the international contracts and just start executing on them since in my opinion they seem to be more lucrative than the domestic market at this point. But I don't run the company.
Looks like the monotony is going to break finally. Unfortunately it seems like it will be to the down side, AGAIN!! This is such a frustrating stock to own. Joerich was right. Down to .015 it goes.
I think the games are about done here. No one is willing to sell under .02 anymore. No one is making any money with no volume and a 5% trading range. It's getting ready to either move up or down big time. Personally I am thinking up.
Something has to give here soon.
Volume is dried up. No one is really selling under.02. I think they are ready to run this way up starting any day now. One decent PR about something new and it's ready.
I agree. This is what happened last time we ran big though. Trading got real stagnat and the range was tiny for about a week and a hal then boom, it started picking up and ran.
It's looking like the seller may have stopped. We'll see if the bid creeps up to .02 if he hits it.
No one is going to hit it until the big seller is gone. He's been selling .02's for weeks. No reason to bid higher.
I don't think it has much to do with the past personally. Horrible stocks with bad track records shoot up all the time. I do think there are some holders from way back in the triple zeros that are selling since they are now starting to get into a position where they now have long term gains. I can't blame anyone for that since I am going to wait till at least December myself to unload anything as long as they keep making good progress. No one likes paying the IRS. Like I said earlier, tons of shares have been bought up in the .02 range and I don't see those hitting the market again until we are at least in the .05 range but who knows. This sure doesn't trade like the average pinky.
Maybe that would help. The good thing is, although we've had a huge seller lately, he is not putting up a huge 10 mil block for example at .02. He is waiting for the bid to build then selling to it. Also, there seems to be no shortage of buyers there or we would be tanking. Hopefully this guy gets out sooner rather than later so we can move up a bit here. He can only sell at .02 for so long before people start dropping back on him figuring he'll go lower. That being said, there is a big base being built here, so when he's done it should go up quickly.
What is it going to take to get a little momentum going in this stock? Nothing but awesome news has been coming out. The fins were late but there was nothing bad in them. All dd shows these guys are on the right track and that they will be making money rather quickly. I find it amazing that we are still down in the .02's when any other pink sheet that had half as much going on would be flying high. Real product in stores is huge in itself. 99% percent of pinks don't even have a product and move big on hype, LOI's that never happen and getting loans they can never pay back. It boggles my mind that we can't seem to move up at least into the .03 - .04 range on what has been accomplished so far.
No doubt that even though someone is selling the hell out of .02, someone is also happy to buy them or we would be back at .01 at this point.
Wow! Just no interest in buying this stock right now. All we have is a seller with who knows how many million shares just letting them go at .02 to whoever will buy them. Very frustrating given all that has taken place.
I really like todays trading. We have a big seller but it seems there is no shortage of people comfortable enough to step up and buy around .02. I feel a big push coming if they actually file those damn financials, FINALLY.
Nice!! People are soaking up the cheap shares today.
That being said, I think things are progressing nicely and that some pretty decent sales numbers will be coming. The Bodie Investment deal is a non issue as far as I'm concerned because win or lose it adds up to pocket change. All my opinion.
I think that the lack of financials has had a detrimental effect on PPS here. People including my self are wondering what they are hiding after saying they would file. I personally am going to hold to see what they look like but I am also up close to 100%. If I bought in the .02 -.03 range I would be thinking about selling too just because it looks a bit fishy. I just wish they would get on with it already but there is no doubt that it seems like they are deliberately holding them back.
Unreal how this gets beat down on nothing but good news. I have never seen anything like it in 13 years. I think the lack of financials really has some people with large positions spooked.I'm even beginning to wonder what it is that they are so afraid to file for. I mean they themselves said it would be done weeks ago. The accountants are looking it over, my ass. They need to just put it out good or bad and be done with it. No one expects blow out sales but they put it out there so they need to follow through.
It sure does look that way. They could have said nothing about filing financials or said they wouldn't till Q2. Instead they put it on Moneytv that they would file and didn't. Should have just kept it to themselves. Now, good or bad it looks like there is some big secret they are hiding from shareholders.
I really thought this would be pushing.03 by now. This stock trades so strange. Any other crap OTC pink would be up 100% on the whisper of even trying to get into Costco.
Yup!! I think if we break into the .03's this week then the next two weeks will be very good. We'll see.
I think a 50 mil market cap is easily justifiable once product is on shelves in Costco and the first Brazil shipment is confirmed. Many other companies with little or no actual sales run that high or higher all the time.
I was just looking over the 1 year chart and it looks very similar today to what it looked like right before it went from about .01 to .05. With Costco, Brazil coming, Restaurat Depot and Specialty Cellars which haven't even been mentioned in PR lately but still selling product, all coming together, this should blow up again any time now. Looking for .10 here minimun by the end of the month.
You and me both. No doubt that hurt their credibility somewhat.
Agreed. Presently. Pretty sure Marani will be walking the talk in Costcos within 10 days though. Just my opinion.
Lets start with the 12 stores that they announced first. That will be proof enough for right now that when they say product on shelves in 12 stores, it happens. Investors know and Dan Senters knows that if it sells well in those stores then it's time to talk about expanding to others.
My guess is no less than 26.00 a bottle on Costco shelves next week. Taber will probably be in one taking pictures, so we'll most likely see what the price tag is shortly.
Costco is no different than a Sam's Club. Stuff is a bit cheaper there because of the volume they buy but things are definitely not deeply discounted. That's right about the Bose products and everything else. You can buy a home theater system there for $1500 vs. $1700 at a place like Sears. Same with furniture, food, clothing, camping equipment, you name it. It's a little less expensive but it's not like shopping at The Dollar Tree.
Thanks for all the work you are putting in out in Cali, Taber. Glad to have you back in. It got a little rough back there for a bit, but it looks like things are coming together pretty quickly now. I posted the other day that word is getting around about Marani way up here in the northern tip of NY too. I didn't think I would hear about it here but there are alot of college kids from NYC that go to school here.
I am shocked. Thought this would be about .015 by now. I guess you never know. On another note, I was talking to a friend here at work today who was hanging out with some friends who moved here from NYC. They were talking about a new vodka that was coming out soon from a company that is going to be selling a couple different types of brandy too. I live in a pretty rural area of ny up near the Canadian border by Montreal. I was suprised to hear that people even know and are talking about Marani up here, or at least I assume it's Marani.
That would be fine had it not been said publicly that they would file.
This will take a beating today on the downgrade. I wish she wouldn't have brought up the financials on moneytv if they weren't going to file them in a timely manner.
Bad move to publicly say you are going to file financials and then not do it. Fortunately it looks like people are willing to buy those shares being sold from fear.
People are not liking these late financials after they said they would be out last week and then went on moneytv talking about them. Gotta put them out now MRIB.
Last I thought the company said was each container was worth $400,000. 200,000 when it ships and 200,000 upon delivery. I could be wrong but I think that is what was said when the LOC's were first mentioned. I think 2 or 3 containers per month would be significant revenue for a pinky.