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Whatever dude...enjoy your profits. I will be proven right.
He has a right to do so, some are missing the point on the gapper comment. THAT was uncalled for.
If people are happy they made money selling today, good on you and I am not one to begrudge ANYBODY for profit taking. Just don't come into a tight knit board of longs and make the case for something that nobody is seeing. Many of us know how to read a chart.
To me saying it's going to gap down is no different than what Ike was doing all weekend with his gapping to .011 or whatever. This thing is adding green slow and steady. Slow and steady are gains of 1-20%. Today was above average but even if we do retrace and consolidate a little tomorrow, this week we would still be green.
It is slow and steady dude. Ever see a momo play? I've been in stocks where I bought in midway at say .20 and saw it climb to a dollar before coming down with a thud.
Slow and steady in MY BOOK means we see these types of gains with minimal gapping and tight consolidation.
Glad you profited, stop spreading nonsense.
This. It's one thing if we were all riding the momo of a no earnings, no product selling stock printing pinky with good news. That is one thing. It's quite another to do it when this company has all it's ducks in a row and is executing per plan thanks to a great CEO, solid revs and a patented product line that will only find more customers with time.
Yep, this gap talk is nothing but that...talk.
I see no gap or else we'd be way down. The action here is consistent with slow and steady gains. A gap is an argument we are going to fall bigtime. Only way that happens is if the company starts diluting (not happening) or other big fish jump ship and sell.
I know a few will sell on our way to a nickel. It's cool...just wish people wouldn't make up stories of gaps because some stinky pinky with no earnings did it.
True, anybody who plays in pennies that move like this one knows consolidation happens. A marginal few go to the "moon" with 90-100% days.
In our case slow and steady is smart. Consolidation for those looking to sell when they hit their profit goals, chances for those who stick around or a newbie to get shares before the next uptick.
It's all good.
I don't see a point so I respectfully suggest we ignore him. He is just trying to cause trouble.
I believe we will test 2-2.3 cents by Friday. Still good in my book.
Announcing is fine...arguing why one sells over a fear of a big gapper is irresponsible.
Like I said in another post, you can say your out if that is what you want and say goodbye but don't post your reasons based on unfounded fears. THAT can cause harm to many people.
I agree that we all have our various levels of risk and reward. Lowman had his. My only problem is posting like one is a long and then dumping the shares and then announcing it like that. I've been on stocks where if one or two board longs sold their shares, many other followed suit and the price dropped significantly.
I have one rule of thumb. I might post my thoughts and DD but when I am out I will basically stop posting without saying one word.
I am not a big fish long but I do believe in not publicizing a sale for the sake of perception for other longs.
Just my take on it. I am happy Low made money. I am not happy when people tell us they sold and then point out why. If somebody has to sell, fine, say adios and move on. No need to scare others by pointing out one's fears which never came to fruition.
He probably meant .019 and made a fat finger error!
Seems to me that whoever keeps saying it's gapping way down is going to be proven wrong yet again. We just consolidated down and now we head back up. Snoozing = losing.
Ahhhh, thanks for clarifying :)
Well, everybody has their tolerance for risk. More for the rest of us longs eh?
Huh? Why would I want to drink when I am making all this money!
One age old adage applies to anybody watching this go up, up, up on our strong fundamentals and solid CEO: You snooze, you lose.
I love it when the facts are shown and these naysayers get proven wrong. What is sweetest about it all is that guy was calling our CEO a liar. Not acceptable...the facts are on our side.
I can think of a couple of people who should have bought when we told them to. I've never been a big fan of the term "to the moon" but it's looking solid here :)
Keep in mind many of the big fish longs here have tied up a large chunk of the float. When that happens and news is good, we all gain!
Even if QX is the AAA part of your analogy, it will make any long or person along for the ride richer.
Great post St John e/m
What's funny is if he or anybody was so unsure and sold on the idea that this wasn't a real company, I'd have to think they should have sold sooner right?
I think it's best we ignore them and just keep pointing out how baseless they are with provable facts.
Anybody who says we need to R/S on the way to the higher, audited OTC boards is foolish. Many of those revenue producing companies has floats up to 1-2 bil. We are around 600 mil so once the buyback is announced we go down even more.
Nobody questions consolidation. It happens. If he wants shares so badly, he can wait for some consolidation on the way to .02.
Facts about Pinkie CEOs vs ours:
JR has not run several failed Pink stocks
JR has not been caught in any half truths in PRs
JR does not release fluff PRs that make people question whether this is a share printing operation
JR is accountable to his shareholders.
JR advises his shareholders on earnings.
JR doesn't make promises he hasn't kept.
Should I go on?
Stinky Pinky CEOs tend to:
Put out PRs with questionable and unprovable "news" to fluff the PPS.
They then dilute, dilute, dilute
They then make the argument about pulling an R/S to make things better.
Then they go back to the same games to make themselves rich.
JR is none of that and I dare anybody to prove me wrong on this.
Yep, the facts remain: You can't say you earned A and expect to not be sued. The fact JR announced that we have another record setting month makes these folks angry. If he said "we anticipate" or "we estimate" earnings to be A then I can see the hater's points.
Oh well, too many good things here. Provable patents, revs that live up to the filings, profit growth (based solely on last Q but no reason to question anything until we see the new Q report) and a CEO that has not diluted a share.
Love it!
I know we are. I don't question that at all.
True Joe but speculation on initiatives to grow business raise the stock price.
Remember stocks trade based on how a buyer sees the value of the company. If the street agrees that our company is growing business and shows profit growth, we win.
We win because they own patents. We win because the CEO isn't printing shares. Pink sheets rise on many factors, among them is trust and growth. We have both of those. Reid is not a recycled pinkie CEO nor has he pulled any of the tricks that many do.
Besides, companies with growing revenues, not just profits, see benefits of that in PPS.
When people say KMAG is the typical Pinkie below are reasons why that isn't true.
Those who bash us come in and create doubt and fear so they can, in the case of Ike who admitted he wants cheap shares again, get the shares to drop on massive selling.
Some facts about how stinky pinkies typically operate (to contrast with how KMAG is being run).
A typical pink sheet stock CEO has been involved with many, many entities. Usually they have overseen other pink sheet stocks.
Many pinks tend to have changed symbols every couple of years due to R/S.
Many pink sheets will use PRs as a device to bring share prices up a tick or two on speculation so that diluted shares can enter the markets. Basically the typical no earnings pink stock is "printing shares" to get by. Maybe a pink sells a product? Problem is they will say that Amazon and some other small retailers bought the product...they may be right problem is you won't know how many units sold until you get the earnings. Many times the earnings report will show up late or not at all.
NOW...once you dilute by raising the A/S count and O/S is pretty high, the company will argue it needs to bring the count down via reversal. Problem is once the reversal happens and the new ticker name applied, company goes right back to more speculative news and dilution to the highest level...wash rinse repeat.
With KMAG this is the fact:
CEO could have easily diluted this up to the A/S and did not. Why is that? The bashers can't answer this.
The company reports EARNINGS. You can't report a number without risk of fraud charges, audited or not. Sorry, the Canadian or American tax agencies would definitely take notice and ask some questions...as a business owner myself that is not a risk an honest person would want to take. What a typical stinky pink CEO will do is project possible earnings. Jeff is telling us what we did...bashers can't prove otherwise so they argue he's lying (yes Ike, you are calling Reid a liar).
The bashers will say why hasn't the company announced a big fish contract? Well...I can't answer that but since the CEO has done nothing to make me question his integrity, I will have faith just on earnings growth alone. Fact: KMAG owns their patents. We could easily see long term growth on the company licensing tech to other big companies to sell to big fish clients. This is something bashers neglect when selling their "claims".
The basher will tell you earnings are unaudited...again, see my second point. Even if Jeff waits on uplisting and stays in the pinks for a longer time, you can't MAKE UP NUMBERS without getting sued for it. Fact.
I can keep throwing real world facts out there. I've been a bagholder a few times and I've made money on other things. The fact is this is a real company with real earnings.
Fact: If Ike and his ilk didn't deep down believe, why does he want the shares back down to .006 so he can buy more (his words btw)? He believes that it will go up or why would he want to buy shares even at that level?
How many pinkies do you know of that have those kinds of revs? The fact KMAG had strong PROFITS last Q means bigger profits in the next Q. I get what you are saying but keep in mind the guy I am now ignoring claimed our CEO is exaggerating even that number. Look it up. For now, I am done arguing on this. I stick by my facts.
You said the CEO was exaggerating earnings, now you walk it back. You said CEO may be diluting, now you walk it back.
It's in your past posts and I suggest we all remember this and ignore this guy. I will be.
Ike, can you prove the CEO is diluting? You can't, the charts prove this and I wish you'd stop trying to bring down the stock because you missed out.
Fact: You called the CEO a liar and admitted you sold too soon. This isn't off-topic nor is it meant to attack you. You attack the stock with half truths and then claim the CEO is lying.
Definition of exaggeration:
Exaggeration
Main article: Exaggeration
An exaggeration (or hyperbole) occurs when the most fundamental aspects of a statement are true, but only to a certain degree. It is also seen as "stretching the truth" or making something appear more powerful, meaningful, or real than it actually is.
He's calling our CEO basically a liar. To say he "exaggerates" is calling him a fool. Funny, Jeff is not saying "estimated" earnings or "potential" earnings...that could be construed as not being upfront. He said we EARNED that. Sorry Ike, watch how you phrase this. If you can prove to me how he "exaggerates" then show it, otherwise you lose on this argument.
Exaggerated is a fancy way of calling him a liar. Show me in the last earnings report where he exaggerated.
You need to tread carefully dude. You are calling him a liar. Exaggeration is a nice way of saying somebody lies. Prove me wrong...you can't, as usual.
There is no R/S. Many shares on the higher OTC audited boards have floats up to 2 billion.
Stop with the bizarro speculation.
He has nothing so he distorts to scare people. Everything is transparent with JR.
He can't lie about revenue dude You should be ashamed of yourself
He can't help it that he's a bad trader lol.