unkown
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This morning's trading has been perfect for us longs. Once there was no big buying on the news we were able to scare short-term flippers into selling down to a very nice entry level for us and new longs. With this super-tight SS and multiple more news releases on the way this should definitely hit at least a penny (what CEO paid for his multi-millions) this week.
We also need to remember that this is only one of the company's divisions and others have good news coming also. Top-notch management here. IMHO
Tear down this little wall at 51/52 and we will be there in a flash! IMHO
PGEI is holding nice gains on this low volume. With this outstanding SS, nice business niche and great CEO this could easily see multi-pennies. Nice to see the selling restraint today. Bodes well for next week and beyond. IMHO
Yep, I agree. Asif wants to grow the business and he wants this aquisition real bad. He know it's a great value but he has to raise a little money for the cash part of the deal. Hopefully he will be able to use stock that is valued at a fair price rather than what it is trading today. I think it will all be worth it 2-3 months down the road when this all shakes out. Bought more today. IMHO
Agree 100% with both you and Jugas. But all we can do is continue to buy these ulta-low dips. We know what we own and just have to have the patience to wait it out and profit from those impatient sellers. All at once this could turn on a dime and catch us wishing we had bought more at these gift levels. Added more 8's today. IMHO
Exactly! But I guess us longer-term holders will just have to use their impatience to our advantage and continue to add shares at these wholesale prices. The price will eventually find its way back to a level that supports the new fundamentals here. IMHO
Thanks to whomever for the 800k shares today at .0007. Never thought I would again get shares at this crazy-low level! Forgot I had that order in from the other day and just noticed it now. Thanks again! They won't be sold until they are at least 10-baggers from here. I'm guessing sometime this spring/summer. IMHO
Yes. Used auto parts is their major business! That is why they can be profitable now with low metal prices and earnings will rapidly increase as metal prices recover. This new aquisiton I believe will be extremely luctative as Arif blends it with his existing operations. I think he sees it as a deal of a lifetime and thus he was willing to put his own property in as collateral for the SBA loan and opportunity to enable him to acquire this new business. It could pay huge dividends in near future in my opinion. IMHO
Smart all-around trading today in PGEI! Nice controlled climb. This could continue like this for days but once news hits all bets are off. PGEI has exactly all the right ingredients for a huge winner! IMHO
It surely has built quite a foundation! Nice seeing all the volume today and a bid above 3! Getting oh so very close to breakout time. IMHO
Even if we could just hold at this level thru the end of day that would be just fine in my book. I'd rather have the smaller but sustainable daily gains. We still have a long ways to fair value in my opinion. IMHO
Nice movement today! Are we finally starting to accelerate our move back to the pennies? A nice company update cannot be too far away. IMHO
Nice consolidation here with early profit-takers selling into stonger hands. When that is finished we should see this pop to .004 later today or tomorrow morning. Thanks for all your great DD on PGEI! IMHO
Nice find! You can bet that the CEO didn't invest that kind of money just to lose it. I'm sure he was shocked when it dropped below a penny. If anyone knows the value of this comapny it is he! I would guess we will be back above that $.01 level shortly. IMHO
Nice buying today and looking forward to much more next week. Exceptionally nice SS. All aspects of their business seem to be hitting full-stride here at the same time. Can't wait for the expected updates that should be forthcoming any day now. Good luck to all and have a nice weekend. Should make for an exciting week coming up! IMHO
Nice day of trading on great news! Big explosive day here getting ever closer! Will make all the waiting very worth the while. IMHO
That is going to be the key for a very very nice breakout run when this really begins to move on company updates. 123 M float. IMHO
This is setting up very nicely for our upcoming company updates. Maybe we could be in the mid-teens before then. Very low float! IMHO
Yes, 449M OS and 405 in float is what I thought it was. I think this residual noteholder should be about done. Those 20M-30M shares he received a few days ago should be about gone. I believe it is mostly his selling that has everyone spooked here and thwarting a big rally which will come but is just being delayed a bit. Patience should not be too hard here for buyers as this looks to be an excellent long-term play as well as short-term. I believe the price will increase dramatically once that tension is relieved. Great news today. We have a very good chance of being a profitable 20M annual revenue company in the very near future. I am also looking forward to GNPT"s share price returning to 52 week highs in the not-so-distant future. IMHO
I believe there was more than 1. IMHO
I would have to agree with your take on this little dip. They have been selling several millions each of the last few days as indicated by the after hour T-trades. With less buying pressure today they seemed a bit more aggressive in selling. These last few conversion shares are creating a very nice buying opportunity that we would not have had otherwise, as the share price would be much much higher without their controlled selling these past few days. I view it as a strong positive as many more strong long-term shareholders have been able to buy in at this bargain-basement price.
I'm sure that Arif tried to buy out the toxic lenders 100% with the SBA loan dollars but at least this one wanted to keep a little of his note for these final conversions as he knew how the market would react to the $5M SBA 6.25% loan. Big profit as he probably converted them at about .0003. But we know we are at the end and that could have been it as far as we know.
All this is doing is giving us a longer window of time to add these cheap shares. I have been in GEQ* since the teens and that action played out similarily as the seller of the last of the conversion shares there had the effect of smoothing out share price increases as we steadily increased toward .05. Expecting the same to happen here. IMHO
Nice quiet day. Seems like everyone wants to wait until after the big news comes and try and fight to get enough shares. Much easier to buy them now before the storm. IMHO
Nice volume, nice gain! Would like to see it continue this same pace for the next few days. I would think we would see the .002's this week and leave the teens forever. IMHO
Exactly, GNPT's base operation will be much more profitable going forward. And we're not even talking about the profits from the two new divisions that were starting up this summer..
GreenParts International, (OTC: GNPT) a metal recycling company with multiple locations in Atlanta, Georgia has announced the latest implementations of its five year strategic plan.
Chief Executive Officer Asif Balagamwala stated,"We are very excited to announce the formalization of our scrap-management consulting division and our textiles recycling division."
The CEO continued, "We recently agreed, in principle, with a Georgia exporter of recycled clothing to a deal that has the potential to generate up to One Hundred and Fifty Thousand Dollars in income over and beyond the next twelve months. We anticipate this to be the first of many, as we are working on several other textile recycling partnerships."
In regards to the newly created Scrap Management division, the CEO stated, "Throughout our history, we have purchased material from mills and and other scrap producers, as well as countless foot traffic from individuals and individual contractors. While we haven't always been able to allocate the capital to actively pursue the scrap generators and metal consumers as aggressively as we would have liked, we feel the dedication that we have to our new Scrap Management division will change that and produce significant results." Mr. Balagamwala continued, "We continually invest in our systems and equipment, in order to maximize cost efficiencies and to maintain the highest quality of products. The shredding system is one of the most efficient ways to process metal. Our recent updates are paying off and allowing us to be more aggressive in our outside dealer to dealer sales."
A profitable company with exciting new developements to look forward to without having to worry about dilution. I really have no idea why people are selling at this level. GNPT will be above a penny in a few short weeks. IMHO
From 3Q 10Q "For the three months ended September 30, 2015, revenues were approximately $1,914,896 compared to $3,168,357 for 2014 decreasing by $1,253,461. Most of this decrease is attributable to the lack of available capital to provide enough materials consistently from local suppliers to keep sales at a consistent level."
The recent SBA $5M 25 year loan at 2.75% over prime will alleaviate the lack of capital issue and we should see nice revenue increases from here on out. Even with those constraints Asif did a nice job of returning GNPT to profitablility. Can't wait to see future results now that we are operating "full throttle" again! IMHO
We are getting closer! That day is not too far away any longer! Wishing the best to us all.... IMHO
Still seems to be a bit of hang-over from finally cleaning up the end of the past dilutive financing. 5M T-trade today seems indicative of that. Giving us last chance to load at these bargain prices. Enjoy buying their shares when I know the end of selling is near....IMHO
I think GNPT price level could reach a penny before the end of the first quarter and a nickel by end of year. I really like the profitability of their main business of selling used auto parts. Kind of recession-proof. Also like the fact they branched out into 2 new business lines a few months back. Any recovery in metal prices would just be a nice bonus. And the SBA 25 year term prime plus 2.75 loan really sealed the deal for me! IMHO
Last Q GNPT showed a positive shareholders equity of just over $350,000. Then the latest 8K indicated that our CEO has just transferred 2 properties over to the company that were worth in excesss of $2,500,000. It seems that that action would have increased GNPT's book value to over $2.85M. At todays OS count of 419M that would indicated we now have a book value per share of $.0068. Makes me feel pretty confident of my buys today for .0012. IMHO
I agree 100%! There has been some residual leftover conversion shares that have stopped the upward momentum in its tracks. We also have some flippers from 5-7 but I don't think they have been too much bother. This CEO has done a terrific job which will soon be reflected in the share price IMHO.
Nice trading day! The era here of buying while bid-sitting has or is about to change. From now on peeps will have to slap the ask to get the majority of their buys filled. That will be life without dilution from here on forward. Believe we see .01 minimum before end of Q1. IMHO
Definitely should be higher. I think the remnants of the convertible debt selling has taken away our momentum momentarily. Now that we have all retail on ask and with the 13G filed today I think we can now go up to a more deserving level. IMHO
I don't think Mr. Balagamwala could have issued a more powerful or impactful 8K for his shareholders, especially considering the industry GNPT operates in. Short and concise yet completely changed shareholder opinion of our CEO by 180%! $5M, 25-year SBA loan at 2.5% over prime! Unheard of in OTC Land! After all the flack Mr. Balagamwala has endured from this board I now wish to congratulate and thank him for a job well done! Will definitely be holding the majority of my shares to sell at a price well above a penny. I am very surprised the share price ever dropped this low and amazed its remains this low after this incredible news. I guess we just have to work thru the flippers who have there own metod of operation that has worked well for them in the past. Only this time I believe they are leaving a lot on the table by selling at this extremely low level that should have never been reached. IMHO
Good morning all! Still waiting for that big 100% green day! Will it come this month or next? Like that the selling seems to finally have dried up. Lots going on behind the scenes here that we will be hearing about shortly. IMHO.
Been watching and adding for about the last two weeks. Feel the bottom is finally in and love how the chart and SS look. Looking for .0020's this week if we don't get any update .... much higher if we finally get that update from company. IMHO
$5,000,000 loan for 6.25%? Unheard of for a sub-penny stock and this one wouldn't be one for long!! IMHO
That trade was for .000751. We know the dilution will stop at some point and I think the MM's thought that .0008 was going to be the bottom after the news hence the buy at that level. Very oversold considering the SS here. Need patience to wait for the rebound. IMHO
Less than 3 months ago GNPT was trading over .006 and looking attractive after it's recent fall from the .02's. Now we have had some dilution that could finally be over or very close to it and our share count has roughly doubled. But our share price has plummeted 90% as the company has strengthened the business with this needed capital. SP should at least be in the .003's for a start. Very undervalued here! Looking for a nice bounce back. IMHO
Building a nice strong base at this level. Once CDEL is done diluting/flipping we should be ready to quickly march right back up into the .002's and beyond. Really like how this play is developing.... IMHO
I think you are right and I joined you. A couple of other plays with very similiar situations this past week or so ended the selling with .0008 being the bottom. Think that might be the same here. Hopefully noteholder done selling soon. IMHO