Trade them and don't INVEST in penny stocks!!
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Not just a crooked CEO and a scam but a HUGE SCAM more like it.
Wanting a 10 bagger in the coming days and weeks? Heard this same crap a long time ago from this CEO about shares going to .0005. Guess not huh? Great statement to sell shares to suckers for sure.
Only way this will ever RUN is ......
http://paiv.com/
The CEO has NOT done all he can. He can request a NOBO list. Until then this stock go's nowhere period.
Had alot of volume a few OTHER days and NO RUN so why different this time?
Nice the CEO wants/expects the PPS to go UP ten fold but this POS stock can't even get out of the cellar.
I marked YOUR WORDS!! Maybe you meant will be .0001?
THIS WILL BE 0.001 NEXT WEEK. MARK MY WORDS!
Even in this mid trip area no buying interest. Says it all. What a POS this turned out to be.
To see constant buying at the ASK for many days now and the BID still at .0001? This one stinks for sure.
BS, This won't hit the .0005s even. Keep dreaming. Gee wonder WHY we are still AT THE BOTTOM with continued buying at the ASK?
Don't know about being wrong. He only said no dilution for the first quarter so could do anything he wants after that! I didn't see the no conversion until 2012 but ways around that are easy if incoming revenues are cutting it. He even admitted as much. With this news I wonder WHY all the ask slapping for awhile now and we still sit at the BOTTOM??? This one stinks big time. Anyone doubting that is in total denial.
That is total BS. A very SMALL amount of retail traders have bought at .0001 and sold for a 100 percent profit at .0002. MMs is a different story. I have two large online brokers and tried for awhile and haven't done that yet.
Don't know about that but if he did say this in a PR then he maybe said it in late 2010 so this is NEXT year lol.
The O/S count is OVER 3 billion shares first off. YES shares can be retired to the Treasury and in the future be released back into the O/S count. These changed to preferred and they CAN be converted to common and go back into the O/S count. The dilution wouldn't happen until the beginning of April. No dilution for the 1st Quarter according to the CEO. He said NOTHING about diluting after that.This whole share reduction is a sham.
Finally someone else who GETS IT. This CEO is a scumbag. End of Story.
This CEO is as crooked as they come. Pr's about reduced O/S count which is BS period. He retired 1.1 billion to the treasury and they are now preferred and CAN be converted to common and dumped into the open market again. All PR's WORDED like some big share reduction when in reality the O/S count is all that matters. Just a way to SELL SHARES is all. End of Story.
I have been in this PIG stock for a long time and all the positive vibes and pumping in this world won't help. I tried. Big time crooked CEO running the show.
WHY?? I will mark your post lol. This will be lucky to see HALF that. Too many games being played here and retail traders getting the short end of the stick. If this hits even the mid trip zeros I will apologize.
The shares 1.1 billion retired to the treasury can convert to common and be dumped on the open market. Of course there can be dilution after this Quarter.
PR stated no dilution needed for the 1st Q but who knows in March on what will happen? The shares retired to the Treasury go to preferred but can again hit the open market after conversion. We NEED to hear about some incoming revenues for sure. Can't really dilute with this POS stock sitting at the bottom already.
How about that great chart? LMFAO. This one is history. Good for a tax write off is about all.
Who cares? Most on these boards KNOW not to buy this with all the buys at the ASK for days now and we still sit at .0001/.0002.
Great share structure and still pathetic volumes for months now. Not a good sign. For a trip zero stock to see this consistent VERY LOW TRADING VOLUMES daily doesn't bode well for any upticking. Since company needs money to continue then dilution coming in a few months. No doubt about it.
Something stinks big time here for sure. Good PR's and share reduction AND alot of BUY volume at the ASK and here we sit at the bottom? Sure there are some MMs swapping shares to avoid the T-3 rule but ????
Since 99 percent of pinky companies see little to no real revenues much less profits then doubtful this one will either. They run on HYPE and MOMO period. This one had it's day. The daily volumes are pathetic. For a trip zero stock then should at least be in the 50 to 100 mil areas and even that isn't much. Only HOPE here is that there is some HUGE NEWS to move it up some before dilution starts around mid year or so.
This one stinks BIG TIME......eom
The daily volumes in this area have been very SMALL so don't know about any tremendous accumulation? I hope this time you are correct as your prediction of December was way off. I thought we MIGHT see some uptrending in January because of the CEO saying there HOPEFULLY would be a big announcement. So much for that huh?
Right back down. What a surprise!...eom
Not wrong when I posted it. We need alot more buying at the ask to move this up is my point!!! Alot of buying at .0002 for days now. Shares still only WORTH .0002 as that is the BID. Nothing to get excited about yet anyway.
Can wait and get .0005s and maybe lower soon enough.
They have 3 days to cover but as anyone can see not happening. The MMs just swap shares back and forth to avoid the T-3 ruling i.e. cover in 3 days.
Days of buying at the ask and no upticking. Unreal. CEO wanted this 10 times higher PPS in the coming weeks? Don't think so.
With such a great Share Structure and see this in the mid trips shows this company has NOTHING going for it. There are pinky stocks with with higher PPS and have O/S count in the several billions. Where is that big announcement the CEO HOPED for in January? Alot of hoping going on with this company.
Only HOPE here any longer is they put out something that will give us one last POP before the dilution starts in a few months. I see this one at .0001/.0002 like most other failing stinky pinky companies. This ongoing recession killing most all start-up micro-cap companies. Glad I sold most of this now almost worthless POS stock. I will use the rest I have left for a tax write off.
This stock needs an assigned MM. CEO can request a NOBO list even. Since MM's swap shares to avoid the T-3 rule then who knows if this POS stock ever upticks?
Good post and right on point. Big time games being played here. Of course retail always gets shafted.
Most all other stocks would have ran big time with some of the latest news and alot of trades hitting the ASK for awhile now. This one stinks big time.
So much for the big January announcement from the CEO. More BS. What else is new with this clown.
this POS stock will hit one last POP to the .001 area maybe before the dilution tanks it to the low trips for good. I will sell then.
Who cares? I will sell what I have left WHEN I want to. Need some new suckers to buy this downtrending stock.