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OPMG mgt had their chance. Texting and driving has become such a big deal. This was just another stinky pinky celebrity endorsed pump and dump.
I vote for lenny and duane RS'ing all of their shares the way they did ours.
Absolutely true. RS fails 99% of the time for a penny stock. I'm holding some (mostly) free shares. If I even sniff a rs I'm selling.
You're so correct. Since I haven't been able to find any Fuse products in Queens, NYC, I really wonder how the distribution is going.
Not calling it a scam. A speculative pinksheet investment. 50/50 chance of success at best.
It's not showing a profit. The company is not servicing it's debt. Also until we see audited statements we won't know what the revenues really are.
The fact is most of the longs had a chance to get their investment back. New investors might have a decision to make in the next week or two.
Based on the volume over the last 3-4 trading days, there could be another 400-500 million shares to go.
Maybe I'm starting to learn something here, but I felt that most of the weekend pumping was so that traders who bought over .0015(1 billion+ shares) could get out while minimizing their losses.
Actually Seek went from .0002 in early July to an intraday high of .0022 either the 17th or 18th of July.
SG said himself on the cc that "the gold standard of domain names is .com" Seek will be making good progress if he meets his Sept deadline for audited financials.
Nice action today. I still think the pps dips below .0008 before Sept unless SG releases audited financials.
Actually I received the same email. Since I have not been able to find any Fuse products at Walgreens in Queens, NYC, I took it with a grain of salt.
The points you're bring up, along with SG past failures to release audited financials, are among the reasons the PPS keeps sliding back into the .000's. Also I've never understood how a company with 400k annually in gross revenues and very little cash can acquire a company with several million dollars a year in gross revenues.
Give me some Queens locations please. Every one I have checked isn't carrying Fuse. The ones you checked have the Fuse product name attached to the shelf?
I sense an attempt to keep the price up so big investors can get out only 30-50% down.
Went to another Walgreens in/near downtown Jamaica area. Still no Fuse products. What's up?
You'll see. People just want to get out @.0009 or better. Without news from SG it will be difficult.
Probably over 600 million shares bought @ .0015+ last week looking for a way out.
We'll be able to get our's on Tuesday!
This was the old days, heh?
If we get some life here that would be a miracle! Things have been very quiet for almost two years. But as long as the company still exists it's possible.
Sounds like some of the big boys are getting out next week. Some are cutting their looses. Holding some now, looking to add around .0006-0007.
One of my other pinkies just went from .0002 -.0019 in five days a week after going from the "stop sign" on otcmarkets to limited information and releasing a recent quarterly report. Of course there is a steeper hill to climb here.
I suspect the bottom will be .0005-.0006 SG's paying attention now.
.0002 gives people who sold last week a chance to reload at a good PPS.
Over 1 billion shares bought between .0015 and .002 last week. We'll see how patient they are.
SG has been promising audited financials for 2 years.
It would probably be a good thing if some of the notes were paid off with those shares, but the ceo said that no additional shares have been issued to convert debt.
Name one in Queens please. The one I checked doesn't have it and said they won't be getting it.
Has anyone seen any Fuse products in Queens or Brooklyn, NYC?
No matter what happens, it was great getting my investment back. I'm still holding some shares and will buy more if the pps drops below .001 Unless SG drops a big announcement, we're waiting for the audited financials that he's been promising for 2 years. If he delays the release again......
Finally checked the Walgreens nearest my office in Queens NYC. No Fuse products and none on order. I'll check near my home next.
Ha! Ha! Great answer! And true!
Atlanta1,
I'm pretty sure that you've been here as long as I have, if not longer. Hopefully things work out this time, but SG has been promising us a fully reporting company and revs of over 2 million dollars a year since January 2011.
Even at 2 billion shares the income has to be over $2,000,000 a year to justify a pps over .01
There's 3 billion shares outstanding. .10 a share is a 300 million $ cap. At .01 it's 30 million. I would love to see pennies but I think we need a lot more revenue, like over 3 million a year.
Well hopefully sg announces the sale of a package of domain names because traffic to the website is very light and most of the categories don't have any businesses listed there.
Hope you're right. This last run makes it easier to for me to hold some for the long term.
I've been buying and selling seek since early 2011. I've always had a better result by selling before SG speaks or releases a pr. I am surprised at today's price action. Maybe we get a bump tomorrow.