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Yeehaa! Doubled down this morning from my original entry at .024. You folks are kidding yourselves if you think this has a 1.75 billion float! Super low market cap here.
Ah yes, I agree. Funny how the subliminal basher index has risen recently. We could postulate as to the reasons, but I think it matters not.
We've got bashers, hypocrites, longs, shorts, dumb-butts, dd'rs, flippers, pumpers, and all sorts here.
I love this bar! LOL.
One thing's for sure, the bar can't serve drinks to 1.75 billion folks. Trade what you see, invest in what you believe, and be confident in your DD.
I've been thinking the same exact thing for weeks now. To trade 30 or 40 million on a 1.5 billion float after much anticipated financials are released is absurdly low. If shares were so freely available and numerous, I think we would have traded 100 million or more today. My gut feeling is that the actual float may be around 800 million which would make the P/E less than 3 instead of 5 also ridiculously low. Of course we still don't know the details about the restricted figure. Ron may be right, although I would prefer the 10 figure instead of the 5. I'm sure some of those folks that sold today will probably wish they hadn't in the months to come. JMO.
I totally agree, this is VERY in the money.
Nope, none of the above...just know value when I see it. Bought at .024 and it just doesn't scare me at all.
Oh I didn't say anything about naked shorts at all. Everyone here seems to think all of a sudden that the company sold them down the river and people traded on inside info but the reality is that 40 million share days are a drop in a bucket compared to a 1.75 billion float and to think that there has been a big selloff is simply not the case. Down on low volume is more like it.
What surprises me is the number of posters who have come up and expressed their dissapointment for whatever reason. Just telling ya that there are many more shorts around that we think. Not everyone's agenda is as clear here as they would like it to appear.
Even if the extra shares over the 815 weren't used to make a purchase or acquisition, I'd be happy with the OS count and the cash flow right now. Considering this is a pinkie, an 80 million market cap is justifiable right here and now, probably more depending on the forthcoming news and what we own that we don't know about. I'm buying, not selling.
But...we do not know why and for what they issued those shares. Maybe EBITDA next year will be 15 million...half of the current market cap, time will tell, but this is definitely and investors stock vs a traders stock. Since I last posted 45 minutes or so ago, there have been 84 posts, a lot of them negative and filled with lawsuit rantings and dissapointment.
With any stock and especially with pinkies, you never know where intents and goals lie so I'm thinking there are many more short shares out there than what most believe. Maybe 300 million or so, IMO.
Telling everyone now that with an P/E of 4.75 and a 14 percent YOY EBITDA growth YOY this is all buy going forward.
Hell I'm happy. 33 million market cap for a company with EBITDA of 7 million? EPS of .004 which is less than 5? Just the mineral reserves are carried at 1.5 times the market cap. As an investor, I'll take it any day of the week. Looking forward to the next year and the other news which hasn't been released yet.
Oh the games we play! Personally, I think PA is going to spank some short butts here pretty quick. And well deserved too IMO.
That's a great post Ted. Putting profits back into the business is best for investors, not necessarily for traders. I think the traders expected some blowout eps numbers and the MM just followed their lead. Even if there were 1.5 billion shares out that puts the market cap at 36 million for a company that earned 7 million or so. That also would put eps around .0046 with a PE of 5.2 which is very low for any company, let alone a growth company that doesn not have all their eggs in one basket.
Maybe we've got a super large short position, I'm remembering when we seemingly had a cap at .0345 for the last week or so. That would make it really fun on top of the great fundamentals.
Not trying to alter anyone's expectations of OS count, but I would certainly figure we would be trading a heck of a lot more than 30 million if the float were that large, with a milestone day like today, I'd figure that we'd at least trade 5 percent of the float. My opinion is the float is a lot smaller, but everyone has one of those.
Yes, I think there are much less than 815 out, maybe 480 million max which would make this worth much more than today. I think there is some confusion comparing the income statements from 2005 vs 2006.
How about lets compare EBITDA with EBITDA. 2006 EBITDA of 7.3 million vs 2005 EBITDA of 6.4 million, at 14 percent increase.
Other income/expense has nothing to do with it.
Well I bought some more about two red candles ahead of the 2.2 million candle on the 5 minute chart.
So when I divide the ebitda by a max of 815,000,000 shares I come out to .008, which is a third of the pps. Gee whiz, I don't see one damn thing wrong with that.
I'm trying to figure out why the financials release is bad news.
In addition, I thought the below excerpt was very good news.
"Phoenix indicated that once this financial disclosure process is completed via the Pink Sheets, the Company will become focused on the release of news within the next week or so related to a number of acquisitions that have not as yet been announced."
sorry, I just saw it. Didn't realize it was already out.
That's what I was looking at, should be a good mover shortly I think.
If there were 230 million out I definitely think we would be trading a lot more volume. With yesterday's action we would only have made about 13 percent of the float.
MACD 9 just crossed over on the uptick. See if it has any legs past .03 or not.
See some green bars on the 5 min. Might run up just as fast as it went down. Who knows. Hell, I'm already here, might as well wait and see though!
DMI about to bust out on the 1min intraday.
Wow, nice basher index today. We should go up.
Yup, looks like they took a few stops out.
Well if there are 27 million shares out then the market cap is about 800k at .03. If the company launched all those shares at say .50 average then they ought to have 13.5 million in the bank. Just my .02 worth, probably worth less.
Now that the entire float seems to have changed hands above 3 or so, I'm in for the ride.
OK, I am not figuring this out yet, please help me.
The pps is in the shitter beyond all imagination of most posters here, down from over a buck, and folks are still wondering about the 2.15 buyout and the next PR??? What the hell does it take to wake you folks up? Some of you have lost damn near all your money and you're posting about bottoms and turnarounds? When can it be more clear that this is a scam and was from the beginning and it will most definitely go sub .01?
I've posted on two other boards here at iHub, one of them had virtually no posts for an extended time. Find it and you're there for a 3 bagger.
iphone and XWG from their demo website.
http://www.industrialstrengthcellular.com/demo/default.aspx?p=Brand&brand_id=115&brand_name=...
I have apex so I don't know if this is different than yours or not. At the top under the get quotes dropdown, type in HMIT. When it displays the overview screen on the right you will see the shares out. = 1.8B
Ameritrade says the same thing.
Because they have no money and no intent of closing the deal.
Don't think so Alex. I remember buying this when it was WIRX.OB and watching her even after she moved to AMEX. Gonna open up strong and run all day, no consolidation until she breaks 5. The fundamentals are there and so is the iPhone rage, she's gonna run. Reminds me of IPII pre-hurricane season.
I really agree with that post. Personally, I think the MM is having to naked short shares continually at EOD to fill the bid for whatever reason. Maybe many more have been certed than what we think, who knows. The 50 and 200 seem to be running hand in hand now and the accum/dist is about to run off of the chart. The volume last year ago around the end of April to the first of May was pretty significant at the upper .03 to .04 range, maybe that is the reason the shorts think they can pull this off. I think even a small block of 500k above .0345 will run it to .04 real quick.
I would suggest that you re-examine your stop. .07 stop on a .13 buy is a big hit to take on a stock that just made a new 52 week low. Just a word here, stocks that make new 52 week lows typically go on to make new 52 week lows until they reach a support level. You're hoping for a dead cat bounce here instead of trying to buy the bottom like you're thinking. Since nobody knows how many shares are outstanding, there is no way you determine a proper market cap and therefore a bottom. EOD tomorrow could be sub .10, might be prudent at least to see how it plays out instead of a rush to judgement.
So what entities are involved that you can verify? And why is this trading sub .20? What LOI that you can verify? Show me something from FEC. Show me any damn thing except for more BS about DD and waiting periods and ridiculous crap about buying a two cent stock for over two bucks and I might take the time to check it out.
Don't spout some crap about CMM and their website. I can put up a similar website for $20. The "final draw" as you put it is going to be that you lose your money.
You people must think that you have better DD than the rest of the market and you got in before the news got out to everyone else. Hate to say it, but you are late to the party and you'll probably get to clean up the mess that everyone else left behind.
If you want to make some money, buy XWG, check out the link below and google iphones. Been to $15 once, may get there again.
http://www.themegaphone.net/finance/index.php
Hell, it's about time for a new message here don't ya think? XWG going back to 10 or so on iPhone distribution.
Well, can you tell them in the future that they need to cover the cat poop up a little more before they start the next dump...didn't really take very long to figure it out because it still smelled. Sorta felt like I was on a TV show. XWG BTW.
Today I think the .0345 wall comes down.
http://stockcharts.com/h-sc/ui?s=PBLS&p=D&yr=0&mn=6&dy=0&id=p84788780738
This may be old news, if it's been posted before my apologies. John Burge with Pro-Gas at the Oct 2006 NESA meeting.
http://www.nesanet.org/registration_list.asp?id=24&eid=3&tid=371