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Going to run to mid 30 range! I like this as a strong rebound play. Volume is picking up and I am seeing this on a lot of penny stock twitter accounts - more and more people are getting this on their radar. Should be a really nice run - this stock should be trading in the mid 50's just on fundamentals alone!
They still have some of their credit line left for it. They also can print up about 600 million more shares when they want. I have a small position here and tempted to go big, but I am going to see how this plays out and I want to see how they are doing with their liabilities. This could be an absolutely huge stock though if they can cut down on their liabilities because their revenue is going through the roof!
Accumulating here and setting up for a big run. Stock is way undervalued here. It has been creeping up each day, but I am looking for a good pop up to 2.60/2.75 range very soon. Hang in there guys - this will explode very soon!
This is going to breakout like DRYS. Same chart, beaten down but looks like a breakout is imminent. I am really liking this one a lot! Load up the truck and get in now boys!
If you aren't in this thing pretty heavy -- then you just must hate money! I keep waiting for a pullback but it just isn't coming! Put the pedal to the metal guys -- let's make a lot of money here!
Should be another great day - looking for 1.10 today! DRYS continues to be severely undervalued and with an improving economy, this should be back to the 2.00/3.00 range very soon!!
DRYS is severely undervalued - going up a lot farther!! I think as the economy picks up a little steam, we conservatively see 2-3 dollars a share and if things really pick up we go a lot higher. Nice action the last few days - I picked up a bunch at .82 rode it to .95 expecting to pick it up on a pullback and had to buy back in at .99. I think this time around - I let it run and see how much steam it has, but looking for continued great things here!
Heading back up today - Cromnibus Spending Bill passed - giving 5.4 billion to companies fighting Ebola. The nurse who was exposed to Ebola is being treated in Maryland - these two things will get Ebola stocks back in the news. I think this was way too oversold and should see the .40's next week and hit .50's by Christmas. You can already see yesterday was a game changer and people are getting back in. These prices were like an early Christmas present!!!
I think you are right, buddy. With all the positive news that is coming out we are on the brink of very good things here. I think one more big piece of good news will set this off on a run that will be far greater than the run we had to .70. We just may get that piece this week as the company stated they would have some news by the end of the month - my guess is either Monday or pre market Tuesday. stay tuned!!
Sensational DD.......Hopefully they put some if not all of these people behind bars for what they did. Just because this was penny stock companies and not famous ones like EnRon or WorldCom, doesn't mean those responsible should be treated any differently than Bernie Madoff was for his fraud.
I was also impressed with your DD that you did that tied in some of the message board posters on here to what happened but that had to be deleted and did not make it onto your DD page. I remain interested in seeing how the rest of this plays out and hopefully these people don't walk free so they can do it again to some other unsuspecting investors.
bobbies......
This was a tough one to take. The thing that bothers me the most about this one is - I felt that I DID do my DD on this one. The information provided by the moderators was top rate (or so I thought) but the press releases announcing two offers of 1.50 and 2.00 a share convinced me the stock price should be at LEAST 2.00 because that is what the offer was.
I had never seen a fake press release before and to be honest if you can't trust an actual press release for your DD, what information really CAN you trust??
I hope the people who are responsible for this scam pay dearly for this and have to not only do jail time but are fined every dime they have in restitution. Come on SEC -- DO YOUR JOB AND NAIL THESE BASTARDS TO THE WALL!!
Supatcha Resources Website Down.....
Have not been able to check on my favorite scam company. I wonder if they shut it down for good. Really hope they get to the bottom of this scam and I hope that everyone that took a part in it to defraud investors is punished to the fullest extent of the law.
Even more though........wish I could get my money back from the crooks that stole it away with their lies and deceit.
Nodummy......
Just wondering -- did you forward all that DD you did on this company to the SEC....it would have been a great place to start for them.
I am inclined to agree with you. Watching a house burn down is a lot more exciting if you watch it from a safe distance. It's not so fun though when it's YOUR house that's burning down. With something like SAEI, it is best to watch this burn down from a distance.
I just hope and pray that the SEC gets to the bottom of all this and the guilty parties are found and spend a long time behind bars.
07up
We will let the SEC give us the final answer on that one. At this time it is still ALLEGED to be a scam, but the SEC will hopefully find out the truth.
SRV-90
Well, I think that the people who are stuck holding shares are grasping at straws to cling to some small hope that maybe this wasn't a scam and the company is still on the level. I am pretty sure the SEC will get to the bottom of all this and "no dummy's" post detailing his findings would be a great place to start. There are probably a few ex-posters on here who will be involved in the investigation as well and hopefully they get a good attorney because they are probably in a lot of trouble right now.
I am surprised they even have anyone working at IR right now - I thought they would all be long gone. That is good though because that will provide a good trail for the SEC to start with.
I think it will be even more interesting to see how this all plays out. This thing is far from over. The stock and company are most likely toast, but it will be interesting to see what actions the SEC takes, who is behind all this, will they catch anyone involved and what penalties if any are meted out. This will most likely take years to sort this whole mess out but I will be watching.
This whole thing must be pretty profitable because it seems to be happening more and more. I guess the lesson that I learned from all this is you really can't trust anything anymore - even press releases can be flagrant lies and the people that seem to be the most knowledgeable and most trustworthy can be the same ones pulling a fast one on everyone. I just hope that any and all the guilty parties get hit so hard that others will look at this and say they wouldn't even THINK about doing any of this. Somehow I doubt it, though. I am sure the next Enron or Worldcom is probably already happening somewhere else and we just don't know about it yet.
Hang in there guys - the MM's are testing our patience. They know if they take the price down after the news they will have all the people who bought for the news give up and sell at a loss for the next momentum play. It would be foolish to sell here -- it will be going up again very soon.
I think they just need to take a look at "nodummy's" post and that should be a good place to start. While none of his post was proven fact, it laid out individuals and a very reasonable scenario which should be checked out.
My guess is the guys working the phones at the I.R. the last few days are probably being questioned, but they were probably just temps told what to say. But that is also a good place to start because you need to start the trail somewhere and then follow the money from there. I have a feeling they will be able to sort all this out.
I like the gameplan
They are cutting down on their liabilities, gaining on their assets and that should open up opportunities for growth. Their team is together and it appears to have some savvy experience. It's a very ambitious plan that hopefully eventually gets them on the big board. If they can successfully implement this plan, this is a company that could really take off over the next year.
I am contemplating how many shares to add on here, but the more I look at it the more confident I am that this is going to be a great company to get into here.
Well I hope it does go all the way up the chain here and I really hope nobody gets away with it. Again, everyone is innocent until proven guilty, but I hope that justice is served here and they hit them hard. It would be nice if they went after anyone that pulled the scam and forced them to pay restitution to everyone who lost money on this one.
Player one....
You would be surprised - the SEC will go after these people hard. First they will look at the employees at the main office and they will try to get who their boss is. They may go after some of the other names in "nodummy's" DD that he did and try to get to the bottom of all this. There usually is some sort of paper trail or money trail that they can follow to get to who is at the bottom of all this.
For the sake of all that lost their money in this, I hope they find and arrest all who were involved in this.
overachiever...
I think it goes a little beyond a "few punk kids." After reading some of the posts on here and some excellent DD by "nodummy" and others, you can tell this was a well laid plan by several people which probably included people on this message board.
They might have gotten a bunch of cash from it, but I think they missed the really big payday they were expecting as the stock peaked at .93 on Friday but due to a lot of savvy DD on this board, there was a massive selloff at the open on Monday even though the "company" posted they had another offer of 2.50. I am sure they were expecting this stock to climb well over 1.00 on Monday, but the stock dropped down to .24 within just a couple minutes of the open. Hopefully they got trapped and were not able to sell until it plummetted down.
Whatever the case might be, I might be out some money but those guys are in a lot of trouble and they have a lot of explaining to do -- if they are even around anymore.
If the SEC finds SAEI guilty of fraud, then I hope they absolutely throw the book at everyone that had a part in it. The SEC has to put the clampdown so hard that people will look at this and say they would never even think about doing this to people again.
It ruins the entire integrity of the market system if you have companies putting out false information. You can not let this go without severe punishments. A fair punishment wouldn't be just to lock them in jail, it would be to pay restitution to all the investors who bought their stock due to believing their press release they had two offers on the table for 1.75 and 2.50 and THEN put them in jail on top of that.
Unfortunately, this sort of thing is just happening more and more. Bernie Madoff, Enron, Worldcom...........the list grows longer by the day. But putting out phony press releases over the wire is despicable. Now of course they have not been proven of anything wrong at this time but I am confident the SEC will get to the bottom of all this and someone will pay for it. Unfortunately for the investors who were defrauded, they most likely won't see a dime out of all this.
I like the DGRI pick a lot more than the Bears....
Well said, surgeon. Actually, the report was very positive and I like the plans on shooting for the OTC bulletin board and eventually the NYSE or AMEX.
This company has a game plan, they are reducing the debt and increasing their assets, so they are becoming much more cash friendly which will help them with future expansion. That is what a good CEO does and after I have read this I think this is has some very good potential for very big things in the future.
Bottom line -- the company is getting stronger and looks to continue to get stronger.
So.........is the Investor's Conference Call still on for Monday??? hahahaha. That would be a pretty interesting questions and answer session.
I am sure they are long gone right now.......
Virtual Drew.........
Unbelievable what happened here. That was "phaseshift" who emailed and called Greg Parham and that is what got this whole ball rolling over last weekend. If the scam hadn't put down his name, I think their scam would have gone on a while longer and their stock price would have probably gone around 2.00 a share. The scam would have taken people for a lot more money, that's for sure. As it is, I would like to think they missed their big payoff here.
I don't know how much at fault Lisa and Mike were on all this. My guess is they were probably just hired as temps to answer phone calls to prolong the scam as long as possible. I really hope someone goes to jail over this.
At the same time I am glad they gave it a few days so at least most people could get out of it with SOME of their cash left. They COULD have shut this down Monday morning when the stock was at .70 and everyone would have lost EVERYTHING!!
What a difference a week makes.....
Last Friday, this stock traded up over .90 a share and now it has been halted pending SEC investigation. My only hope is that justice is done and whoever is at fault is caught and has to pay for all this.
At least now nobody else can lose any money here. I lost about 5K - I know others lost a lot more - it sucks right before Christmas. The DD provided on here was top notch and there was great information and some of the "trusted" posters on here seemed first rate. But when they tell a bunch of lies then the information you have is junk. I wish I had never heard of this company.
Well, I tried it and could not get through at all. I think you would be wise to look at all the overwhelming data stacked against the company at this time, but if it's money you can afford to lose, the company p.r. might cause a nice run.
The SEC needs to be involved here because I could see this running hard with the right press release. I am still not saying the company is a fraud, but things need to get looked at hard before anyone else loses their money.
No matter what though, I am extremely upset at whoever pulled this con, whether it was the company (most likely) or if the company IS telling the truth and they DO have a bid I am upset with the people who lied and said the whole thing was a fraud. And you just have to pull these lies right before Christmas too.
GUYS -- GET OUT NOW !!!
Just tried calling investor relations -- not getting any response. I dialed the extension and it was just silent - then hung up. I think the jig is up.
GET OUT NOW......
My guess is the company is trying to get all their ducks in a row but I have a hunch they are going to fight back tomorrow. Right now they are putting together their defense and coming up with an explanation and sound like that is going out tomorrow to the shareholders.
Also keep an eye tonight and tomorrow for any press releases as that might be coming out as well. The investors relations people sound fairly positive things will get rectified but time will tell.
You have got to admit, this is quite the story and I think the most interesting part is yet to come.
Just called Supatcha Investor Relations......talked to Mike.
There IS something going out within the next day or so (so not necessarily tonight but definitely by tomorrow sometime) to all shareholders. Call investor relations at (303) 552-0480 to get your email address on the list because all shareholders are going to be getting an email.
I think something big is going to happen here, probably in the next day or so. Strap yourself in here.....it's game time.
mschoen.....
Supposedly at the end of today or before the market opens. I need to hear their side of the story here.
I think no matter WHAT happens at this point, someone needs to go to jail after everything is sorted out. Interested to see what the company has to say -- so far they have been very quiet.
duelittle
I think this is from the anticipation of the news release the company is putting out either tonight or tomorrow morning. VERY interested in seeing that press release right now for better or worse.
The investor relations people are very excited that the company is on to some great things. Who knows?
Hey - what's going on here....
Getting very curious as to what the news is going to be today.
Anyone know what the deal is??