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big move coming at 10:30? EOM
Can't explain yesterdays dip. Could be a good buying opportunity or a sign of bad things to come. Could go either way. I still like the potential of the Colorado mines. I live in Colorado and they are pulling gold out of the ground all over the place here.
another +20% day tomorrow and we will peek above $0.02. tremendous strength building behind this one. just need a few purchase orders now or more details on their business plan coming together. i have a feeling this is their quiet period though and that we will not hear the good news for another few weeks (other then the financials and movement to the OTCBB plans).
no i agree with you, if i do not own a stake in this one then i have no right to judge this company. besides, why would i waste my time posting all the stuff that i found since it does not stand to benefit me. i admit that i did not call the company and that i found enough in the fine print of the annual reports plus on their website and in order technologically related sites to make up my mind. so NO, i guess i didn't do all of my DD. i promise not to post any further on this board unless i find something more of substance.
i can respect that you longs do not like negative posts so i will refrain from posting the negative stuff that i found that made up my mind.
to me that MM's may be running low on shares. starting to walk the bid up. can anyone with L2 confirm? several big trades after 2 on no news. big players joining in now. big things to come by the end of this week if we can pull off the financials by then.
OT: starboy, thanks for the note, but i don't have the premium service so i can't email you back. i think in a few months we will be among the old timers on this board and lots of newbies will be asking what is IGTN all about. good luck.
don't look now but i think u might get that $0.03 buy after all. sorry guys, just not impressed with this one, but good luck to you.
like the strength we have seen lately around $0.012 which i think really tells alot. a few weeks back we were terrorized by shorts at around $0.01, but those appear to be greatly decreased. i think the lid might be off and poised for a big run. i was looking at buyins.net and the short volume appears to be below normal. i'm not so sure i trust that site much though. good financials will push through the $0.02 level as investors realize that IGTN is for real. far to many people out there are worried that the financials will never be complete, so we will see a run once they are. just wouldn't want to be sitting out before the run cause you just never know how far they will go. we could see north of $0.03 on a good day. with all that in mind i just look at the downside of about 20% and an upside of about 100%. sounds like a reasonable investment (aka gamble) to me.
good accumulation this morning. more and more people don't want to be left on the sidelines after the financials are released. this delay was just what some of these people wanted. i really don't blame any delays in the release of the financials on IGTN, but rather on the accounting/legal firms. good things are just around the corner for IGTN. following the financials will be a plan on the movement to the OTCBB which will give us more milestones to watch for. my first test of IGTN is to ensure that they are debt free. that statement is huge if you ask me and therefore i plan to ensure that is in the financials clear as day and i will continue as a long. GLTA.
OT: starboy, a few months ago i was researching both HISC and PLNI. my money went into HISC because i thought that homeland security was a better sector and the fact that PLNI has 1.4 BILLION outstanding shares versus HISC's 450 MILLION. i thought i would invest in both eventually but then IGTN caught my attention and after further research i went with IGTN over PLNI. PLNI's plastic rebar is great and will definitely sell in the not to distant future. i tend to invest more in the business plan of a company instead of just good ideas. PLNI has not been successful YET with getting respectable contracts. they are signing some good agreements that will strategically position them for success, but i need to see a better defined business plan on how they expect to market this product before i will make a move to get a portion of the 1.4 billion shares. on top of that big figure you have to factor in some shorting just like IGTN. as far as potential for price movement i'll settle with the lower float any day. JMO.
situation appears very strong. i think the effects of the shorts is subsiding. i thought we would see a consistent drag back to $0.01, but we appear to have strength above $0.012. bring on the financials.
Green baby, Green! Keep this up and it will be a satisfying end to a rough week.
Ok, I think I understand. So the Transfer Agent is authorized to release the number of outstanding shares at any given moment? If that is so then couldn't we call every day to find out how many shares the company may be buying or selling? To me that just doesn't make sense. If a company is buying back shares then why tell the public and make them buy them back at a higher price as investors step up the ask. If the company is selling shares to raise capital then why tell the public cause then they have to sell twice as many shares to raise the capital. I don't know for sure but I doubt the TA is authorized to release that kind of information. If I were Sand I would definitely find another TA as well that will report what the company deams offical outstanding share numbers. Seems to me like their current TA tipped their hat a little bit and screwed all of us.
zigbee, I have a question for you. I am glad you have made some money on the swings, but concerning your "dilution" issue. What would you do if you were in his shoes? I'm not saying there is an easy answer to all of this, but if you think about it a little more you might see it differently. If you were CEO of a pinkie and you had a great idea that you needed funding for, how would you raise the money? Your options are rather limited.
You could secure some long term debt, but then you realize that this will have a definite impact on your earnings for years to come. Defaulting on a payment like that could cost the company and its investors everything.
You could wait for your company to have enough free cash flow and earnings to support your new idea. This could take several years and someone else will likely have a similar idea and run with it before then. So you are stuck playing catchup. This is the least risky approach but holds the lowest return.
You could issue more shares (hopefully restricted or closely held). Knowing that you are a pennystock company and how these things work, what would you tell everyone who called you office? I'm not suggesting that he should lie, and he may have said a few things that were close. But if he tells everyone that he is selling shares to fund his project then the likely response is a drop in pps and therefore twice as many shares much be sold. To me at the point of a new share being sold there is no effect to shareholders. Most of the $ raised from the sale stays in the company, so the value (minus some expenses) is there. It is then up to the management team to use this money the best they can and try to produce reasonable profits from our investment money.
That is the long way of saying, I don't think we are seeing "dilution" in the negative aspect that many of us think. I think the team needs time to work forward with the Pure Produce project and use current revenues to make that a success.
I don't have accounting degree (only MBA) but I have been a value investor for 10 years now and have been reading financials since the begining. So while I do not offer a professional analysis I will at least give ya'll my two cents on how it compares to other financials I have reviewed. In my previous posts I have taken a stab at intrinsic value, but once these financials are published we will have more legs to stand on.
Sand is obviously being honest when he said he was concerned with shareholder value. He knows the name of the game in pinkie land is continuous PR's to maintain interest. Filing anything legal takes time. I firmly believe that when Sand said the audits were done before that he believed they were complete on the part of IGTN. From previous posts I believe this change has something to do with the footnotes and not the main financials, still they want everything to be perfect if they hope to make a smooth transition to the OTCBB. Appears to be may more short term traders on this board then I thought. I am not looking to get rich on this one over night. They need time to continue to grow sales of their three main products and then the Pure Produce project may come on line within the next year. Sand will keep the PR's coming to keep us on the boards. I hope they release the financials over the weekend to give everyone adequate time to review them and not make any split second responses. Or perhaps Friday after the close would be good. What we have here is a solid startup company with solid financials and a sound business plan. Once they grow their current product lines then they will become self sufficient and then we will be looking towards $1 pps.
JMO, the MM are determining where the next run-up will go to. They are trying to decide between $0.05 and $0.04 right now. The first guy thought $0.06 but that was a little high. I'm guessing we are getting very close. MM need to keep up the volume today as all of us sit and wait for the financials.
Yeh I see what you are saying about retiring the restricted shares that were probably used to pay the executives. So what makes more sense though to fund future operations before net income can cover it? I would think that issuing shares would be cheaper then accumulating debt. Debt just pushes profitabiliy back further due to interest expenses. More outstanding shares (free trading) will have a saturation effect, but if they are paid as restricted shares then that sets a time limit for the company to increase shareholder value before those shares enter the free float market. I guess what it all boils down to is how well management can use these funds to execute the business plan.
I know most of you are swing players that invest on momentum, but I bought IGTN for its potential business plan. I think the majority of the public investors underestimate te potential value of Pure Produce. This technology will someday be used on other planets or the moon to grow foods. Cities will be able to grow enough food to support life and reduce the shipping costs. This is all very far off, but the potential is amazing. The price of the stock right now factors in only the current products and is totally missing the Pure Produce play. Not to mention the pharmaceutical value involved.
Before we get ahead of ourselves let's remember that we are debt free and there are some cash reserves. IGTN will need money to execute the Pure Produce project and that will likely come from shares. I would prefer they just held what they have and used some slowly. Just don't make more. We are still at about half the outstanding shares of most pinkies and OTCBB. A buyback would sure be great, but instead of sinking all that money into our pockets wouldn't it be better to expand the business and follow through with the business plan? I guess it depends if you are true long or not.
it seems like several investors on this site are looking at DMOI as a biometrics play. i just don't see it that way, but i might be missing something. i owned STTC for awhile and made a nice profit, but sold a little early. that used to be TTGG (or was it TTTG) for those that looked at it over a year ago. now that is a decent biometrics play with a wide range of applications. i no longer own any so this is totally an unsolicited pump. i just think that one is fully priced right now. i agree most OTCBB have horrific financials, but check out STTC (assuming they are still the same this quarter as before) and you will find strength. i think the estimate of 99% being weak financially is true, but I would rather lose money on the 1% then gamble on the 99%. take a heck of alot of digging but when you find them they pay off. example: IGTN is debt free, has cash reserves and 3 main products with 1 additional one in the pipelines. you can actually go to their site and see the product and hear testimonials on these products. i just need more from DMOI before i will make a move. but i still wish most of you the best of luck and may you find the bottom before it finds you.
so rags u make one call on a stock and never look at it again. doesn't sound like a good investment strategy to me. yes i am still hanging around looking for a reason to buy this stock, but can't convince myself right now. all i see is some desperation on this board every now and then. the truth is DMOI si going no where right now, BUT COULD in the future with the right connections and agreements. i appologize for lurking on YOUR board and being negative about a stock with no hint of solid financials and losing money faster then the US government can print it. call me a basher if you wish, but i believe this stock is fairly priced right now and heading in the appropriate direction.
can u tell these are buys? those three big "buys" drove the price down so wouldn't that make them sells? i see the + and - but have no experience reading L2.
Alydyr, I have already made up my mind that DMOI is not a good stock, but you willneed to do your own DD. I highly recommend looking into post 1331 which gives IGT's patent. That is huge for IGT and harmful to DMOI. Looks to me that any potential earnings "could" be in danger of a lawsuit for patent infringment. JMO.
From that previous post doesn't that mean in many more words that the shares issued for the Pure Produce are restricted? So what is the big issue here. Here is how I see it. Using a very primative estimate that PPS should equal or be close to the revenue for a microcap company with even half decent growth opportunity. I think it would be unrealistic to expect profit in this early of a stage. That's like telling the Wright Brothers to design a 747.
Here is how I see the company's revenue forecasts for the next few years. Obviously these are nothing more then forecasts, but you have to start with something. Secure Balance provided about $10M in revenues for 2005 and I will just use that figure for the next few years to error on the side of caution. The OxyAlert is projected to provide $30M in 2006, which I will again assume no growth in sales for the following years. OxyView is expected to yield $450M over three years which will probably be tiered something like $75M in 2006, $150M in 2007, and $225M in 2008. Those numbers are based on alot of assumptions (i.e. hospitals will all catch on and see the potential savings from lawsuits and doctors will follow suit). So throw out any number of outstanding shares against those figures and you will HAVE to see the value here. And I haven't even begun to mention the Pure Produce project that is in the pipeline.
I only wish I was able to buy more when I started to accumulate. I'm sitting on all free shares now and I will hold them for when the price reaches closer to my estimates from above. Take 500M O/S for starters. For 2006 we are expecting about $115M in revenue. That alone is $0.23 per share. I don't know anyone that would not want a piece of a chance to make 15 times there money within the next year.
Comments?
kind of OT: i need a quick lesson in naked shorting i guess. aren't all shares basically shorted naked when they are OTCBB and pinkies? i mean since MM are buying and selling shares and not individual investors then a sell order does not necessarily match up with another buy order. since a short is just a reverse of the process then they are selling before they buy. does naked imply that the person shorting does not have enough cash reserves to cover the trade or what? i understand that they can just short more later on to try and cover their position, but we can do that when buying on margin as well. i understand that in both situations they will have to cover their position eventually, but how long and how much of the position? sorry for my ignorance in advance.
IMO this morning's run was just too much for no news and so there are alot of people getting out hoping to get back in at a lower part today. should be a huge volume day. my guess is that by the end of today we will have more total investors holding long then when we began. as far as when to get in well that all depends on your trading style, objectives and ability to handle risk (ie stress from market fluctuations). most of us here seem to be labelled swing traders (trade a portion and hold a portion long). GLTA.
great week all in all. really looking forward to a strong week next week as well. should be more up then flat. have a good weekend all.
OT: thank you all for the accounting advice. i should have looked into this last year but i saw it in my Ameritrade account and thought i better wait instead of fiel it as a loss. i am only talking about $1000 so it is not that huge of an investment. i thought i would play it as a rebound but guess what, NO BOUNCE. inexpensive learning experience. i will definitely do some more research, but i currently do not employ an accountant and i typically file my own taxes. so i guess i have alot of work to do.
Pretty good conversation today, very mature and intelligent. Of course I have alot of DD to do, but I am just not that impressed so far, but will try when I get time. I do not liek the fact the the sentiment is that management is not being straight forward with shareholders. The most success I have had is to find companies that reiterate their desire to build shareholder value in every couple of PR's. I don't like the idea of DMOI having to front the money to produce these pda prototypes for the casinos, seems like a big chunk of change. I don't think that the buttons that double as biometric fingerprint readers is going to happen. Sure, maybe someday, but not until a few more technological advances occur. The cost alone of a device of that sort would triple or quadruple the cost of the pda and that is before the gaming software. Then that adds just another aspect of the pda that could nto preform properly. I am just not convinced of the potential for the use of these things in and around a casino. I understand the cruise ships because there is just so much to do and you usually go as a family. So I can gamble even while watching the kids in the pool. As far as advertising I just imagine the size of a pda screen with the slot machine or poker table on there and wonder where the heck they can cram an ad. Nope, I'm going to sit this one out. Good luck to you though. Sorry for the negative vibes.
awesome day, any close above $0.01 is outstanding. volume above 60 million is key. need to stay above yesterdays volume to attract the volume players. showing true strength at $0.013, looks like that could be our new base. good week next week, with the financials coming out. can't understand why anyone would short this one right now. just not a smart move. didn't know that the financials were going to be staggered though. has anyone actually confirmed this? cause i thought they were all coming out at the same time. plan for movement to OTCBB should be published late next week or at least announced that it is coming the following week which would cause anyone day like today. we are in a good position right here. fasten your seatbelt cause the ride is just begining. GTYA.
goose, i know we should all do our own DD, but if you don't mind could you walk us through what steps should occur first before the confirmation from the customers on the pda's? the only thing i remember is that they need to signa deal or two with casinos (small or large). i am a bit unsure where they stand as far as the biometrics. if they truly are an expert in biometrics as well as wireless gaming then that makes this a decent play as well. i did see the advertising mentioned earlier today, but i do not see the big upside there. too many internet sites thought that online advertising would keep them afloat, but learned that lesson the hard way. as far as i understand DMOI does not make the actual PDA so they do not stand to profit from the equipment. casinos will likely rape them when it comes to gaming profits since the casino takes on all the gaming risks. so where does DMOI profit again? on the service or maybe on the biometrics???? TIA.
OT: If my WorldCom holding has $0.00 market value then why does Ameritrade keep it in my portfolio? I would really like to use it to write off this years profits, so should I call them or what?
pugdog, just wanted to comment that i am not "implying" that DMOI's product will be used in rooms, in fact it is on their website under WifiCasino under Products.
The WiFiCasino GS is a secure wireless Server and PDA-based gambling and media network designed for Vegas-style casinos and resorts. The WifiCasino GS allows patrons to gamble anywhere on casino premises including poolside, in their rooms, restaurants and at the bar. Using unique proprietary technologies, our system delivers a highly secure and consumer friendly gambling solution.
also, most casinos offer things like Keno in all of their restaurants and bars. so many addicted gamblers can get their fill during meals already. i have done that myself. i don't want to sound negative in all of my posts, just looking for good answers to my concerns. as far as poolside, i am afraid of damaging the pda as well as the people who spend time by the pool at not the gamblers. as far as the rooms i do see some opportunity there because everyone needs a little sleep and right before they craw into bed they will have that urge to pull one more slot or have one more roll of the dice.
can anyone comment on the legality issue here? what is the main concern of legislation? would it be underage gambling? i doubt it cause a parent would have to let their sibling use the pda. the security appears to be in place so losing a pda may not be that big of a concern. if the pda's are wired straight into the casino's accounts then its all open book right? so what is the issue?
WITS BASIN PR
Wits Basin Announces Gold Mine De-Watering Update
FRIDAY, AUGUST 05, 2005 7:00 AM
- PrimeZone
MINNEAPOLIS, Aug 5, 2005 (PRIMEZONE via COMTEX) -- Wits Basin Precious Minerals Inc. (WITM) announced that the water treatment plant at the Bates-Hunter Gold Mine site in Central City, Colorado began its final "inspection of its' equipment" last week. The de-watering of the Bates-Hunter mine shaft is underway and making progress.
"As we announced last week, we plan to update this progress on a regular basis," said Vance White, CEO. White continued, "Once the first level is dry and passes a safety inspection, we will be taking various samples for lab testing to confirm the exact level of mineralization.
"We are pumping currently and carefully monitoring all the pumping functions for quality and safety requirements. Our team has now reached the 100-foot level below the collar of the shaft and on completion of inspections we will take samples.
"We believe our progress is right in line with our expectations and we are pleased to make this update."
About Wits Basin Precious Minerals Inc.
We are a minerals exploration and development company holding interests in four exploration projects and currently do not claim to have any mineral reserves on any project. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol "WITM." To find out more about Wits Basin Precious Minerals Inc. (WITM) , visit our website at www.witsbasin.com
Forward-Looking Statements and Risk Factors
Certain statements contained in this press release are forward-looking in nature and are based on the current beliefs and assumptions of our management. Words like "may," "could," "should," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict," and similar expressions and their variants may be used to identify forward-looking statements. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes.
The exploration for and development of mineral deposits involves significant financial risks, which even experience and knowledge may not eliminate, regardless of the amount of careful evaluation applied to a process. While the discovery of a mineral deposit may result in substantial rewards, few properties are ultimately developed into producing mines. Moreover, we cannot make any estimates regarding probable reserves and mineral resources in connection with any of our projects and any estimates relating to possible reserves are subject to significant risks. Therefore, no assurance can be given that any size of reserves or grades of reserves will be realized. If a discovery is made, the mineral deposit discovered, assuming recoverable, may differ from the reserves and mineral resources already discovered and recovered by others in the same region of the planned areas of exploration.
The cost of exploration and exploitation can be extensive and there is no assurance that we will have the resources necessary or the financing available to pursue projects we currently hold interests in or to acquire interests in other mineral exploration projects that may become available. The risks are numerous and detailed information regarding these risks may be found in filings made by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-KSB, quarterly reports on Form 10-QSB and reports on Form 8-K.
same old thing with IGTN, we are being manipulated by heavy shorting. possibly naked shorting, but no way to really tell. volume was down for a bit but now that we are over $0.01 they are jumping back in. keep accumulating and maybe we can teach these boys a lesson. we sure do need those financials.
OT: chuck, both of your assumptions are true. my handle is very funny actually. yes i am from PA north of the line. and i was born a NY Yankees fan. then when i was in the military my call sign was Ace5. my favorite number is 5. number 5 is also the number of Joltin Joe DiMaggio. so as u can see the handle YankeeAce5 has worked out great for me. in fact my friends call me Ace, but i have mot really earned that yet. ever see the movie Casino, you would understand.
$4000 right now, i would put $1000 in HISC, $1000 in IGTN, probably $1000 in PLNI, and play the swings with the other $1000. that's a well diversified penny portfolio. Homeland Security for the terrorists, Medical Devices for the aging babyboomers, Construction Equipment for the stable industry, and then 25% to play with and see what you can learn. very inexpensive education if you ask me and even if you lose the 25% you will make that up in the other three by years end. JMHO.
i consider myself a swing investor more then a long i guess. definitely not a short or day trader.
kind of OT but i have recently done alot of DD on IGTN and they are in a similar situation as PLNI. they have been talking about a move to the OTCBB for over 9 months. just now the financials are complete and will be posted next week. from that point on it goes on to the SEC for review which could take who knows how long. i write this all up to beaurocratic BS and really do not understand why people buy when a company says they plan to move to the OTCBB. the same with a company that plans a move from the OTCBB to the AMEX or NASDAQ. actually if a company doesn't plan on making this move then it is clearly a scam.
i only have about 3 years experience in pennystocks. can anyone comment on how different a stock behaves when volume increases to new levels? Sometime in early June we started to see consistent volume and then in late July we have moved to an average of about 50 million. i've heard the saying that volume preceeds price movement. is that what we all expect to happen here? i'm thinking we see a steady position around $0.01 until a contract comes in and/or the movement to the OTCBB is completed. company well positioned now for the move. business plan is complete and begining to materialize. i have noticed that most pinkies hang around $0.01 and most OTCBB average about $0.05, so could that be a reasonable target following a move? thoughts?