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It remains to be seen who is smoked here. Nothing ventured, nothing lost at this point. Hope it turns out well for everyone but no one seems to want to venture a guess as to where those shares on the ask are coming from, do they.
That's impressively fast! I've never seen shares available so quickly for sale after a conversion. How's the trade execution with Fidelity?
I am curious, if everyone's existing shares are locked up for the conversion for the reverse, where are these shares on the ask coming from? Is anyone on this board able to sell the shares in your account?
So, now, let's ask ourselves, who would have free-trading, already converted shares to sell today, the first trading day after that lovely PR about roses and puppies or something that came out yesterday, just in time. Really, the timing was impeccable.
The scammiest of the stocks do constant reverses, say like 3 since 2010 and their CEO's concern themselves more with the price of the stock and what is written on message boards than they do with producing products. They time their PR's perfectly to have the maximum impact on the price of the stock. RED FLAGS on the increase here.
But, maybe the powers that be will not sell into this so fast as to not leave a couple of bucks on the table for a good trade or two! .003 might not be such a bad spot for a re-entry but I wonder who is able to sell today?
Ya think? Most flippers sold when the price of the stock reached their sell. Plan the trade, trade the plan.
The business of these penny stocks is selling shares to toxic financiers. Most never do anything else. Most never generate any actual revenue and those that do don't ever make a profit.
WGAS has not shown itself to be an exception to that rule. They have financing from most of the toxic funders as recently as last month, they have reversed this stock twice and the third reverse has recently been announced and embraced by some.
WGAS has not generated revenue. They sell paper for less and less. This is not an investment, at best it was a good trade but right now it isn't even that. So far, the flippers who traded when they were green were the only ones who are ahead here.
Excellent FACTUAL info Amber - not pie-in-the-sky projections and rumors of massive loans. This post SHOULD be stickied. All possibilities should be discussed in an open forum such as this one. Your facts are every bit as factual as any others posted and I thank you for taking the time to post them for everyone to see.
Pinkie mentality companies that reverse split tend to go back to the well over and over again and one for ten is the biggest reverse to date here.
There is nothing wrong with big ears as long as both are big. Now, if only one is big your head might have balance issues!
No one sent a picture of you. Susie and I will just need to console ourselves by looking at Taki since there are no man pictures here in the Grotto - you would think we could have at least one picture of a scantily clad man - maybe Hugh Grant? Do you look like Hugh by any chance?
There's little doubt that .004's are in the stars today. Post split that will be .04. Still seems high to me.
Okay, I am beyond excited. You know how I told you I sent Taki's cover of Adele to Adele. Well, she responded. Here you go Taki:
"I don't wish the best for you nor do I want to find someone like you. I do however want to set fire to all your stuff...If I ever find you you will be rolling the deep for all eternity."
She still sounds bitter.
Anyway, I listen to Adele and often have this vision of her old boyfriend sitting at home with some new chubby chick that has no talent whatsoever. You could have had it all..............
Our first celebrity response on the Derf board. Well, other than Soxy!
Eternal Optimism may not be the best strategy in penny stocks but hey, go for it! I hope it works out for you!
.0055 Wow. Those .008's, .007's and even those .006's aren't looking so good today, are they?
One more time, slowly, the only thing this company has produced to date is shares of stock. They have irresponsibly sold them to toxic financiers, all the major ones it seems. The shares that have been purchased in the open market over the past several months have been those and the shares belonging to other insiders, in my opinion. The fact that they can be sold at these levels provides substance to that theory.
Now, certain individuals have voted to allow this company to take back 9 of every 10 shares investors purchased so they can be sold again. I guess that's because those who voted "yay" feel that the company did such a good job distributing them to the most famous of the toxic funders the first time. Now they will have another go at it. Anyway, now we hear rumors of better financing and 24 hour oil and multiple wells.
What we see is the stock being dumped at progressively lower prices. But wait, that's so they can get more favorable terms for the next conversion, after all, they will only get to keep one out of ten shares they receive.
It was October 4th when the last news of Imminent 24 hour a day production was announced and after that, lots and lots of shares were sold but no 24 hour a day production happened. It was even earlier when those famous "loans" were announced, the only thing announced about those loans were that they would not be tied to equity. They are still debt. There is still no revenue. This company's business continues to be the selling of paper, just at bargain prices that continue to get lower and lower.
While it's interesting to watch, it's not worth buying.
It's a theory often put forward on this board. Tony hates flippers, you see it almost every day here.
Nah, Tony has a master plan in place to burn the flippers. Every great CEO lives and breathes to burn flippers, you know. It looks so good as a line item on their resumes. His will say:
Tanked stock from .03 down to .0055 in a six-month period because I wanted to drain the swamp of those pesky flippers.
Nice Job! Investors- keep averaging down for that reverse! I am still watching for revenue.
I was catching up on the board and noticed your QOD about why Derf left. I have a theory, if you notice Carlos left before Derf. I think Derf really missed Carlos and it makes him even more sad and lonely to return to the Grotto and see the empty place where Carlos used to be.
I bet No Putts is helping him improve his golf game and he's just too embarrassed to let anyone know what an awful golfer he was and how much he needed coaching.
Was it a cold shower? You need to provide more info. Anyway, knowing the effect that a cold shower might have on certain parts of his anatomy maybe he is just wearing a towel until that part warms up. Since he is a duck that is known to wear a shirt but never pants, there are male ego issues in play for certain.
Hey, that video was posted with a clear and concise disclaimer advising everyone NOT to watch it on a full stomach or if they were the least bit nauseous. I can't help it if you were irresistibly drawn to the phenom that is TAKI and you couldn't resist his boyish, muscular charm.
I have forwarded that vid to Adele for comment. I am certain she will reply soon.
Uh-Oh, I am thinking that you may have just typed the words that will force Derf back to the Grotto - you should run now and really, really fast!
But, geez I am still laughing...tears are rolling down my cheeks...it's hard to type....
I hadn't noticed. Somehow my eyes refused to travel any further down than that spanx he was wearing! He probably spent so much extra having those abs sprayed on that he couldn't afford to have his legs done!
Sorry, I hope you were able to keep the contents of your stomach where they belong! It's like swimming, you just shouldn't watch a TAKI vid within 2 hours of a meal!
We all know of Derf's long standing, let's call it admiration, of Taki. Right?
So, without further adieu and knowing that Derf would want to be the second board on Ihub to have it, here is the latest TAKI.
I call it TAKI does Adele. Wait, that's not right, Taki isn't actually doing Adele so if that's what you're expecting you will be disappointed and besides, if Derf reads this he might be jealous to think that TAKI is doing Adele.
Anyway here it is - I do not suggest opening this link if you've just had a big meal or if you're feeling the least bit nauseous.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80781471
I actually hope you are right and it is a big winner. Hope is not an investment criteria though, revenue is. Revenue and eventually profitability but revenue first. Fingers crossed for revenue.
I will continue to watch the AS. As most know, shares sometimes hit the market before the AS reflects them. Those 1%'s have been adding up over the past 6 or 7 months.
Yes, yes the label will be tossed about as a result of this post, but the company will either succeed or fail and what is posted here has NO impact on that. What is posted here also has NO impact on the share price, contrary to what some are led to believe. Revenue is the catalyst and I am hoping to see some "soon". Loans are loans no matter what form they take and while better terms will help revenue is what most lurkers are watching for, not a quick flip as some here propose.
Nice buy and keep believing bro! I hope your belief is well-founded. Where's the news from the shareholder's meeting?? Shouldn't good news travel fast?
I'm with you, cautiously optimistic. I think the fact that Kodaks' international operations have continued to do well is a plus for the commons. It's worth holding a few to find out.
Horny bulls are not interested in Bears! Go WGAS. .0075 - it's all up from here!
I will pat your back instead then! Nice buy! It looks like maybe 0065 is the bottom today.
If I got them they are long gone already - it's that trigger finger thing! LOL
My goodness, who would have ever thought this would be trading in this range today...........hmmmmm, that would be me, the one who is still waiting for factual info to get back in. Looks like a good plan still. I called .005 for an entry weeks ago and here it comes.....
Let's all make some coin! Go WGAS!
This company seems to be doing some things correctly and might be making some actual progress. I think that's the reason the board is followed by so many. It's hard to find a stock that even "might" be legit in this market so, even at a nickel, it will be worthwhile if it performs. I hope it does, but hope is not an investment criteria. For those who are really holding every share, best of luck. Maybe we will all make money.
Edit-this is in response to CaptSlap, I wasn't really talking to myself. It's the fault of a confusing phone app!
Prematurity is caused by over-excitement so I will remain calm and invest if and when the time is right. If the company does what it says then this will be a place to park a few bucks but most companies in this market don't perform to expectations.
It means what it says. I am waiting to see what happens. If you are correct and the stock will go "to da moon" then what's a quarter or fifty cents in the big picture compared to the possibility of being wiped out in a reverse.
I know there are one or five examples of stocks that have done ok after a reverse but there are literally thousands that have tanked and maxed the share structure again and again. This company has left itself lots of room for the next max out by throwing in a doubling of the AS at the same time as it decreases it's OS by 90%. I find that fascinating just in the size of the balls it takes to think the shareholders will swallow it. I find it even more fascinating that a few have!
Unfortunately, it's that pesky sudden deceleration that gets you most of the time.
HiYa Soxy and all - I have changed my GoneForever alias because a pumper clown changed her name to Gone4ever and I didn't want people to think that I was some pumper clown pumping a POS, gray-sheet penny stock 24, 7.
Anyway, the definition of thesaurus: an ancient form of Google that was actually printed on paper and bound in either a hard or soft cover.
Because I wanted to get the gold star today and, the spanking! Besides I am going away for the weekend. Please schedule my spanking for sometime after Monday at noon and enjoy your weekend - make some sparkling water!
SPARKLE to make sparkling water!
While I hope you are correct, I never trade on hope. And, debt holders do not care about charts in my experience.