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As long as it's undersold it's not time to get in!
SG has to eat! All longs had a chance to sell into the pump. I know I did!
Hopefully they're buying because they expect a higher bid from another company or investor.
No. Hopefully it never happens. Most ceos do a rs when there are no revenues coming in and they can't sell any more shares.
I agree. Same ol' SG. Hopefully he's got one more pump left before the rs. When he does the res longs are toast!
If you go to the website and start clicking on the links, there's nothing there. I've always thought that this was a good idea, but SG has been mostly talk and no action. I'm still holding some shares just in case.
If the negative posting on this board is affecting the pps, then longs are in big trouble.
If SG comes through this month, it will be the first time since I started following SEEK (Feb 2011) that he keeps his word and his deadline.
Longs on Seeking Alpha are saying that the price is too low. There will be a shareholder vote on this transaction, correct? Hoping another company steps in with a higher bid!
Hoping for competing bids....
One problem is that fuse is not marketing it's product. I agree with you about the fitness thing.
very short but informative.
we'll launch after lenny dilutes another billion shares!
I agree. He hung in there and had a chance at the end. Hopefully longs have a chance here!
That's my point exactly.The only one benefiting from these cash grabs is lenny and to a lesser degree duane. Don't forget the founders unit scheme!
This was the first(and only) time you drew a line in the sand. lenny blew right through it, and now has a new moneyraising scheme. Why do you still trust him?
The float is only 33,000,000 shares. Where will the 165 million shares come from? lenny hasn't taken a loss here. Longs (and now founders) have.
I have a business and I have advised business owners, the time to add staff and inventory is after you have demand. I'm sorry jazz, but this is more of the same. I thought the founders program was bs and it is. lenny (and lately duane) have pulled a lot of cash out of this pinky and all longs got was a rs. Posters can be anonymous but the results ARE NOT!
Tell lenny to 100-1 rs his shares so he's taking the same risk we are. He's looking to release/issue whatever, 165,000,000 shares and pull another 500k out of the company. Longs are still sitting on that worthless dividend from 2011. Those 3 billion shares are a smack in the face to longs.
Sounds like a desperate cash grab Jazz. Just a chance for more folks to lose money.
So the founders aren't getting their commissions? Why am I not surprised! I always found the fact that longs who were burned back in 2011 in lennys dilution scam would invest in founders units amazing. Now they've been burnt twice!
I just don't think lenny's motives can be trusted. The reason for the founders investment was to fund the "launch". I think lenny will make more money selling shares than ink.
I think that some of those pumpers lost money on this one. I literally logged on while in my car at 3:30 that friday before the tuesday CC and sold most of my shares at .0016 I'm holding some shares at .0006. I was willing to add more @ .0006, just not sure now. If nothing happens by Sept 30th, it might be back to .0002
It's my understanding that there are approximately 33,900,000 free floating shares out of 264,000,000 authorized. It will take approximately 165,000,000 shares to complete this offering. It looks like lenny will have to either issues more shares or sell some of his own shares.
Since you mentioned the founders, are they getting their monthly payments?
There are three walgreens within 15 minutes of me in Queens NYC and none of them have had any fuse products. Nor have the managers ever heard of fuse. Doesn't look like the deal with these athelets includes actually promoting the product. This is definitely my last stinkie pinkie!
Most longs have been locked in this loser for over 2.5 years. The next move lenny makes that's good for shareholders will be his first. He hasn't kept his word yet. He's basically been great at using one scheme after another to raise money.
We don't have years, the lienholders want their money..
If they're shipping out new orders why don't they sell some product and obtain financing based on accounts receivables instead of selling more shares?
Basically lenny keeps coming up with new ways to raise money while moving the goalposts further away. I'm not surprised at all.
You mean tonyd?
Looks like lenny and duane have run out of cash and have come up with another scheme to raise some. This should be a doozy!
Longs had given up this stock for dead. Then the pps went from .0002 to .0022 (closing @.0019) Even now, longs can get out with 25% to 60% of their original investment. We'll see what SG's next move is.
Lenny wants 500k? I knew he'd be looking for more money. He and duane don't have the money to do the "launch". The founder's money is long gone.
The pps is holding on the hope that sg comes through with the audited financials this sept. He's never delivered on time before. We'll see this time.....
That's a little bit of a trip for me. but I'll try to get there within the next 2-4 days. One question, if I go there and the product is not there, will the product name tag be on the shelf where the Fuse was located?
That explains why I have yet to see any fuse products in the NYC boroughs or Nassau County. In Walgreens NOR GNC.
I agree with most of what you're saying, except SG"s been promising those audited quarterly statements for two years and he's had one acquisition after another on the table for about two years also. He does still have the same confidence AND he didn't do an RS, which gave longs like you and me a chance to become profitable or at least get our investment back when the next run occurred. I've got some free shares now and hope to add more under .007. If something great happens I might pay a little more.
SG has always thrown around these big numbers: $10,000,000 in avenue revenues within one year. Looking at the website it's hard to see how that happens. I'm holding for the next pump and will add some speculative shares under .0007 if I can.
Listening now. TradersNation.com Basically a rehash of the CC and recent PRs.