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On post 4838 you asked "What does getting close to tank time mean" ?
My reply on post 4870 "Thats the time that all the pumpers become dumpers, sell and leave all the gullible people (commonly known as bag holders) holding a worthless stock in a shell Company that had zero reason for being at the price it was trading at."
Well there you go now you know. Hope you took my other piece of free advice and sold your $2.65 per share holding before you became a bag holder.
That is what the pumpers were saying about North spring Resourses (NSRS) and Kunekt (KNKT) when I was warning people on those two companies during the pump. KNKT got to just short of $3 and is around 13 cents now. NSRS hit around $1.80, 8 weeks ago, and is around 6 cents now. They are all a game, there are very few reputable businesses trading in the OTC & Pink Sheets exchanges. At least not with a valuation north of $100 million.
Thats the time that all the pumpers become dumpers, sell and leave all the gullible people (commonly known as bag holders) holding a worthless stock in a shell Company that had zero reason for being at the price it was trading at.
You're certainly a potential bag holder buying in at that price. Don't get to greedy because this will drop pretty quick when it goes (as they all eventually do)
Even 2 days could be to long with this one.
Daily volume 50% higher than the public float, a classic P & D formula. Watch out people, it's going to come!!!!!!!!!!!!
Where else can you get a nice 16% dividend yield return? Just got my first quarter dividend and reinvested it in their DRIP. 6 out of 8 analysts still rate it a strong buy, with one as a buy and the other as a neutral.
Stay away, the pumpers have already made their money and gone, only the bag holders are left.
Maybe the choice was more geographical than anything. could have been Japan or Australia, as well, if that was the case. Lower costs associated with China. Lets face it that's why Walmart are so successful.
You beat me to it, the interesting part of this is that the Company that Nautilus are dealing with (Tongling) is a major smelting company with huge revenues. Certainly helps paint a bright picture for Nautilus shareholders.
About Tongling Nonferrous Metals Group Co. Ltd
Tongling Nonferrous Metals Group Co., Ltd., together with its subsidiaries, engages in the copper smelting, copper ore mining, processing of copper products and other related businesses primarily in the People's Republic of China and has a revenue in excess of US$11.2 billion. They are one of the world's leading copper and zinc smelting groups.
In my "My stocks Page" on I-Hub, I have around 40 stocks that I keep track on that are past pumps from EliteOTC and a few other Penny stock email alerts "P & D's". After the initial pump and dump very few have gone on to have any longterm value and the vast majority are either lower or back down to around the pre-alert price. The Over the Counter market is short term, you want to hold long term, this isn't the place to be.
Todays email from EliteOTC as predicted
Gain the edge you’re looking for, get FREE TEXT ALERTS sent to your cell phone: Text “OTC” to 25827 to join right now!
Good Evening All,
WOW what an amazing day on ONTC!
Last night's ONTC hit a high of .027 today for a gain of over 107% from yesterday’s .013 close! ONTC was a wild ride on a GREAT day as it was one of the most active companies on entire the OTC! The Company released big news last night and even bigger news late this morning… and the news certainly woke up traders from everywhere as ONTC had its BIGGEST TRADING DAY EVER with volume well over 36 MLN!
Over the past few weeks we’ve had some MONSTROUS WINNERS… it’s been nothing short of amazing! “Congratulations” to everyone that took the opportunity to profit!
I'D LOVE TO KNOW HOW MANY INVESTORS MADE 107%?? THE PEOPLE PUMPING THIS STOCK WOULD HAVE MADE THE MOST AS OTHER THAN LONGTERM BAG HOLDERS THEY WERE THE ONLY ONES GETTING THE .013 CENTS SHARES THE DAY BEFORE THE PUMP.
Is that Power On or Power Off
Today is National high Fives day and you can bet that EliteOTC and the pumpers behind this POS are giving each other lot's of high fives in the gutter that they live in.
Closed last night at .013 cents, when they sent out their alert to everyone. Opens at 9:30 AM at .0205 cents and it gets up to .027 cents (by which time they are well out of the stock) now everyone that bought in this morning and didn't get out before 11:30 AM are left holding the bag. Currently close to a 25% loss on the opening price.
And next week EliteOTC when they put their next alert out they will be bragging how they made up to a 90% profit for their followers on ONTC.
Happy High Fives day to all.
Yup it's a dog eat dog world out there, I can't argue with you about that. However if only the people who have their own reasons for pushing the price up were posting this POS would be twice as high. All I do is attempt to level the playing field.
And looking at ONTC in the last little while it looks like the price is starting to go the way it will eventually end up (BACK TO WHERE IT STARTED). It will actually go lower as the creeps who were going to pump this had pushed the price up a little prior to the alert.
You know for the people that play this type of c--p, play as you will. For those people who are genuinely trying to make an honest buck and are new to this board I'm just telling them to beware. I have been caught in these scams before (and that's a fact) and if people choose to ignore the warnings then so be it.
This stock today has traded about the equivollent of 25% of it's float of 56 million shares, it's just a big game and EliteOTC and the people who paid EliteOTC to run the promo will be already counting their profits.
EliteOTC will claim in their newsletter that it made a 90% jump from yesterdays closing price, however since the lowest price anyone has got in for today is .0205 cents they are only making a 25% return. It's all BS!!!!
Agree 100% get out now
Well pumping a POS is what you have got coming tomorrow, aren't you a lucky little boy.
EliteOTC have just posted an alert for this tomorrow, last alert they posted 2 weeks ago (GFMD) jumped 171% the following day. A word of warning if you already own it, get out fairly quick tomorrow as GFMD dropped again within a couple of days.
Good luck to all.
Just got back from a nice week in Cancun and it was nice to see Nautilus take a nice little run up. Had my IPod with me so looked in everyday.
Still think all the major moves in the share price are going to start during the 4th quarter of this year, and with the cash currently in hand, another financing seems unlikely. If that is the case $7 per share by years end is not unreasonable. Once the lid is off and the vessel is launched in 2013 I couldn't predict what the value of the Company could be.
The amount of Patents that the Company would have to put together for a venture like this and the technology involved to get to the mining stage puts them 5 years ahead of anybody even looking to get in on this type of mining.
The only thing for the major Gold and minerals Companies to do is then go into a bidding war for Nautilus to acquire the Technology, todays price of $2.70 will look like peanuts.
How embarrassing since I lived in the UK for 35 years, not realising it was in pence and not pounds lol.
Next question, it has a symbol but does it actually trade over here??
This is trading back in the UK at around 11.75 (Pounds Sterling) up about 5% today, and over half a million shares traded. Don't see a North American price for it yet, but certainly not a penny stock.
Also the company paid ADVFN $14,000 to promote it.
Struggled to get my broker to support me on Two Harbours, however I have a real feeling for this one. Other than the higher dividend, I just feel they are in the US property market at the right time.
Looking forward to hopefully a long and prosporous relationship.
Noticed this last week and it doesn't appear to be a positive thing for the Company. However I would worry more if Teck sold their holding.
The biggest problem from me is that Nautilus are not putting out any news on the ongoing developement of the PNG project and that makes me a little nervous. When a Company has zero revenue they should at least be keeping investors up to date with things and attempting to get new investors on board.
I live in Canada so pardon my ignorance. I had one question. What is the rule for the NASDAQ regarding a stock priced under $1. This Company has now been a penny stock since August. I thought that they recieved notice from the exchange 30 days after dipping below the $1 and then had 6 months to get their house in order.
Usually Company's then start consolidating their shares to get the per share value back up above the $1 mark, however this company only has 3 million shares trading so not really any room to consolidate.
Put this on my radar a couple of weeks ago along with a few other small localised bank stocks. Most of them got hammered by Freddie Mac and the big chartered banks collapse.
However I really didn't see much in the latest report to say this would take off any time soon. With the small float of shares available it seems even only small demands are going to really push the numbers. Think thats what we've seen today.
If you have bought in lately well done on today's bounce.
This Company has more News postings than Apple and Microsoft combined. There is a new News bulletin every day, anything to keep the P&D going I suppose.
Can't believe you're still in this POS. You will never get the $60K back. Cut your losses and get out of there my friend.
"Game" As I said, there are many gullible people out there, and I have zero sympathy for people who regularly play this silly game and probably win some and lose some. I do however feel for genuine people who are taken in by all this "next big thing" "you can't lose" cr-p being spouted by the sharks, just to drive the price up whilst they plot their exit strategy.
Oh well such is life.
This is the profile of the CEO, CFO and only board member of a Company that 2 days ago was valued at $1.5 billion dollars. I'm ashamed to say he's a Canadian and is responsible for taking a whole lots of people to the cleaners over the last 48 hours.
If he wasn't in on the scam he would have stood up and been counted and yet he has been putting out cr-p NSRS postings over the last few weeks that have assisted in pushing this stock up and contributing to the total fleecing of many gullible people.
I didn't buy or sell a single share in this Company but people like him should be charged for deception of the general public.
http://people.forbes.com/profile/harry-lappa/125470
The pre-promotional cr-p price was around 20 cents, if you believe in the Company's future then I'd wait until it gets back around there before even considering it. And believe me it will go back there. Unfortunately true investors will avoid it because of what has happened over the past few weeks.
I have only made 2 comments on this stock, and never bought into it. I have however been burnt by P&D's in the past. Buy into them at your peril, the chubsy wubsey's will have you believe that these Companies are brilliant, the fact is they don't have anything to justify their inflated stock price. OTC stocks are not worth the $1.5 billion that this one went to.
Sorry you had to lose money to learn the hard truth about this promotional cr-p, and outright lies that these leeches put out to line their own pockets.
Most of the bashers used to be as optimistic as you seem to be. unfortunately once you get burnt a couple of times you learn what a P & D is all about and this one is exactly that.
TIIIIIMMMMBBBBBEEERRRR.
I couldn't agree more, the potential is mind boggling. It has 3 major investors supporting it and all are in the mining field. Once this first PNG project gets up and running and the returns start coming in, the sky is the limit.
There are no competitors, this Company is a one off and I can see a host of precious metals Companies wanting to get a piece of the action.
I think we'll start to see some major stock price movement at the end of the 3rd quarter and 4th quarter this year. Most people have a tendancy to play the markets short for quick gains, this is very much a long. I can see some of today's holdouts banging their heads against a wall in 9 months time as once this starts to move, these prices of $1.80 - $2.50 are going to look awfully cheap.
If you believe the candlestick charts over the last 12 months, it could go back down to around $1.70. It's highs and lows have been constantly dropping during that period. Trying to predict the exact turning point though, is a fools game.
3rd day of strength in Canada, on zero news. Maybe....Just maybe... it's coming onto a few peoples radar screens. Still think we are 8 - 9 months away from any significant rise though.
I'm still about a month away from freeing any more money for more shares so hope it stays low, and hopefully drops a bit, until I can get some more.
How about the fact it's been a scam for the last 3 weeks, and the Company is worthless. From a value of $36 million 4 weeks ago to $650 million early this morning. No Company goes up that quick without some earth shattering discovery.
If you looked at that closely it was for a Company called Greencell. You are the reason it falls so quickly, people with alot more knowledge than you are manipulating this stock to get the price up by pumping information that is garbage, you jack the price up and then the insiders that really know the Company is worthless short the stock and make their money on the backs of everyone elses greed for quick money when it's going up.
Ha-ha I remember that post yesterday. I think half the pushers on these stocks are the shorters anyway, just trying to make a bigger killing. I said yesterday that "This would fall quicker than a ladies thong in a strip club" Think I had it about right.