Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ever since they showed up the sell volume has been very high...seems suspicious to me.
I am guessing some expected an instantaneous pop and when none arrived they headed for the door for green(er) pastures...
IMO they were never here thinking this was a good business, just a low float they could manipulate but I think they miscalculated the actual float given the 200 million shares that are unaccounted for. No one can answer if Bill has converted to Preferreds or not and that is a huge overhang.
Not looking like the play panned out as they thought. Suspect you will see even more selling going forward as the second level of followers dump as well.
Best they can do is put through 100 share buys at the ask to try to mask the sell off.
When they do not even bother with teh 100 share buys, you know this one is really over...and they have been slow at times today to even put them through to try to show (fake) support.
Good luck....but there is no real business here IMO and the whole pump did not happen either.
dbegood,
the 100 share buys were happening last week as well so unless the moon has fallen out of its orbit, I think this one may have had its launch called off and someone forgot to tell you...
With all the huffing and puffing that the gorup did last week and over the weekend they could not generate enough buying interest in this thing to move it up at all and the 100 share buys are just trying to maks how weak this one is.
you may want to do yourself a favor and look at another stock because this one does not have the interest or faith of the group anymore IMO.
(Of course the leaders will probably chime in soon to make it look like they still care but they have all been interestingly silent all day as they are likely more interested in their active positions.)
Correct, the O/S has not changed...so where are the 200 million common that Bill was converting to Preferreds. The O/S should have gone down by 200 million if he did this - should it not?
Only way you are laughing all the way to the bank on this one is if you are getting headed there to get a loan to make your mortgage payment because this one is not doing it for you.
I predict one of two things will happen here:
The whole Epic/Tecnasty group will be able ot generate enough interest in this one to get a quick run out of it and the quick sellers will make a little profit
OR THE MORE LIKELY SCENARIO
Patience will wear thin as a run will not happen and the traders who came in for a quick flip will sell out as they watch other promotions heading higher while they sit in this and watch a slow bleed. Eventually the first in will sell out and stop mentioning this to their followers (but they will keep touting it for a few weeks after they actually sold so as not to tip you off) who will also exit. You know, the parents will eat their young...
Good luck figuring out when mom and dad are selling - plenty of big sells already today and late last week as well.
cjstock,
Before you say they are not diluting, you may want to find out what happened to the 200 million shares the CEO said he was converting inot preferreds a couple of months ago.
Did he change his mind and not convert them?
OR
Did he convert but not take them out of the O/S number and they are available to hit the market?
Makes the float that much bigger....might matter to an investor...
But can you say Walmart contract and Greenbridge Indsutries in the same sentence and not laugh.
If only you knew how funny that was...
Must be scraping the bottom of the barrel trying to get new fish here if you are trying to make it sound like Walmart would do business with a company with $600 in quarterly revenue.
Too funny!
Clay,
One product in my mind. The stain pen that generated about 600 of revenue last quarter.
Shot Spirits did about 800 of revenue last quarter so maybe that is the real product as it did a little more revenue than the product most see as the lead here.
As for Brightside which you bought for millions of shares, no one can actual name one product they have.
Little more here than a pump right now IMO and I think that before I bought on the herd mentality I might try to figure out where the mystery 200 million shares are since Bill was supposed to exchange them for preferreds but they did not get cancelled from the O/S so they are in someone's hands to potentially be dumped onto unsuspecting newbies or lod hands who think they can average down here and make back some of their losses.
You may want to think twice and figure out where 33% of your O/S are...
Funny, the quote that comes to mind for me is most often attributed to P.T. Barnum!
Hopefully your group are unable to prove Mr Barnum's quote correct and are left with all of your shares to unload onto other members of your group.
Based on the fact that this stock has so little going for it and so many unanswered questions, you better hope your leader tells you when they are unloading and not a day or two after they have already sold when there is no support left for this pig.
Really, do you think a bit of hype will sucker people into buying stock in a company that has little revenue and one product? I doubt that many suckers were born recently.
What I would be afraid of as a newbie coming here is that all of you claim to have been loading up over the last week or more and the price has gone down as much as it has during your accumulation phase. Can't wait to see how low it goes when you are all trying to unload your shares and the company is also trying to unload what they might have (the unaccounted for 200 million shares) and Big Apple has how many left and Jump Start got how many and...so many people rushing for the door at once and so far nobody entering...this one will be fun to watch!
I do have to say to those who are not part of the group that I feel bad for you...perhaps you will get a blip up from this group action and recover a bit of your losses but now this stock is being played and it is not likely for your benefit IMO. Be careful and don't believe all of the PRs that might come out if any actually do!
And depending on whether or not Bill has followed through on exchanging his common for preferred that could be very bad news.
If he has not, then why not. It was announced a while ago.
If he has exchnaged already then one would want to see the O/S reduced by 200 million common shares NOT the same as it was before.
I see NO CHANGE as bad news here because you do not know where the 200 million common shares and and at what price they will hit the market.
Sorry Claypool but NO CHANGE is BAD IMO.
You should check out GRBG as well. Lots of pumpers trying to move it based on nothing but hype.
I think it is attracting some of the early EESO supporters.
Anyone here know if Bill Whyte was around EESO during the K&C days?
Ace,
You might want to ask Quinn how EESO worked out for him as it was a similar type company to this that he was in early and cheerleading while many of us were warning that it was a scam.
Looks like he and I are on the opposite sides of this one as well in terms of its value...I predict this one is just as bad for the bagholders as the other.
Of course, there does seem to be a whole herd of new people flocking here so some type of group is following this (of which you are likely all members) and likely loaded up already and now are trying to create excitement around it and maybe you are part of that group. (or perhaps JUmp Start or Big Apple has hired many of you...
No one cares about this annual revenue of less than $5,000 company and I hope newbies do some DD before they follow your lead.
Hi Ace..must be 5 pm somewhere?
Might want to recheck your facts on the 3 boards I have visited...started spreading the truth on EESO after its big run but before it was investigated by SEC.
MIKP is also a Fort Wayne company with questionable tactics and lots of dilution and IMO headed for the junk pile.
And GRBG, the one you seem to be trying hard to run is CEO'd by Bill Whyte who was with EESO at one time, just like the CEO of MIKP....
Just trying to make sure the truth is known..
Now, anyone care to answer if Bill has exchanged his 200 million common shares for 500,000 preferred yet?
If not, why not?
If yes, why are they not removed from the O/S..perhaps they are being dumped or perhaps some of our recent gushers on the board worked a deal to buy them cheaply or are getting them as compensation to pump this pig.
Enquiring minds want to know where the mystery 200 million common shares are?? Don't you?
Has Bill done his share exchange yet?
I recall he was going to exchange 200 million common that he owned for 500,000 preferreds?
Anyone know when this is happening or is it done already?
Or sucker in new longs...
Nobody shorts stocks that are this low.
Amazing trading pattern today with large dumps (not big dollars but this is a POS stock after all) always followed quickly by a buy of 100 shares at .005 to try to make it looks like this thing is not falling out of bed.
Hope that newbies are actually watching and seeing that nearly all volume today has been sells at whatever price can be had followed by 50 cent buys to make it look like this is holding even.
Nice coordinated effort everyone...
I didn't label you as a basher.
Posted by: timetomakemoney Date: Friday, December 04, 2009 11:46:30 AM
In reply to: Claypool Reservoir who wrote msg# 4840 Post # of 4847
What I don't understand he came here to decide if he wanted to buy the stock or not. But now he is bashing it.
Disconnect noted!
Why are people who are posting reality (from their perspective of course) labelled as bashers.
I was called a basher over at EESO as well when I said that things did not add up in the PRs let alone the stock price. I called their financials as a piece of fiction and was correct.
And here we have another environmental cleaning company run by someone who was at EESO as well. I have my conclusions and you have yours. But because I do not fall in line with the cheerleaders I am a basher.
As I said before, I am just trying to make sure that those you are leading here from other boards have a chance to see someone else's reality on this one
Assets are $1.2 million. Am assuming that you know that assets need to have liabilities subtracted from them to get a better picture so let's knock off the 450,000 the company owes and we are down to 750,000 in assets.
And what are those assets?
Shares of other companies.
The preferreds of SSPT are the most likely ones that align with the 600,000 valuation disclosed in the notes and then there is the 250,000 of value that is disclosed as inactive company shares so really hard to count them as having any value. I would say an inactive company is worth NIL so you are down to 500,000 in net assets and all of that is your preferred shares of SSPT or is it the GRBT shares you got for Vapor Technologies...Given that GRBT hardly even trades those will be hard to unload.
And that is the rest of the story...
Explain what the good stuff is and why you think it is undervalued? If you can do that in a manner that is convincing then I will believe you when you say it is not a PUMP but I see nothing good enough to justify a $2 million market cap in terms of product or valuation.
Ball is in your court...
Given that Epic and others have not been able ot get any support under this thing, it is much more likely that it will close lower at the end of day than higher.
You may have news coming out, likely a few gas stations carrying the pens on their counter or something weak like that. And it will be sold into by those at Big Apple and other places that have shares that they desparately want to unload on willing victims IMO...
Good thing someone spent 50 cents on that last trade or this thing would be sitting at -20% today...would make it a tough pump with that number sitting there.
To answer the Why Am I Here question again (and I have answered it many times before on this board). I am here to make sure that reality is represented on this board. Does tha make me Florence Nightingale? Maybe. Better than being the person on this board that is here for pure pumping and then will disappear after they have suckered many others into buying this stock all the while dumping their own holdings onto them.
Good luck to all but looks like this well is dry and the pump is not working at all...
CaptainJim,
Just be sure you actually want it at a nickel because it does look like you will get it since there is no support and huge blocks being dumped right now by????
Nickel may be your entry price...be certain your exit is higher and this thing certainly does not provide any track record by which you would have any certainty.
When the Diddy announcement came out we would have been 100% higher than the day after the "successful" event....and I call it successful because he actually showed up which is a good thing for this company.
Good luck in getting filled if you want to and good luck thereafter as well!
Time,
The only way this company will be cash flow positive is if they keep selling shares for cash.
The SSPT deal to pay $5 million for Guest Metrics is another amazing deal. Still trying to figure out what they actually bought given that Guest Tek is retaining the rights to sell Guest Metrics product.
So did they just buy the two people who moved over to SSPT?
And $5 million??? Really. WOW! can not find revenue or assets worth anywhere near that.
GRBG,SSPT, GESM, GRBT and associates are weaving an interesting trail that will lead either to the SEC offices or just bankruptcy for teh firms involved IMO (and perhaps some of the shareholders as well).
Will be interesting to see what route they take next...
Actually they are going into 200 stores but exaggerations and stretching the truth seem to be fine here so let's go with 6000 like you said
Just like we should believe that Shot Spirit can go from $800 in revenue in a quarter to a half a million in the next 60 days according to Mr White and we should believe that until we see numbers that prove it wrong according to your logic.
Of course, by the time we see those numbers that will invariably prove it wrong IMO, who knows who will still own shares here and who will have moved on to another pumping opportunity.
Already answered why I am here. To make sure the reality of the situation is here.
Revenue in most recent quarter is about $600.
Reveneue of company (Shot Spirit) you paid $300,000 (23 million shares) for was about $800 in the latest quarter.
Revenue of other company (Brightside) that you bought is undetermined because no one can even find them - show me proof they have any products at all. Do not tell me to show you they do not have products - show me that they do.
Just trying to make sure newbies that you try to sucker into this understand that while there may be a run, it will not likely be on the basis of there being a real business here, just a Fort Wayne-style Pump and Dump.
Epic said it was up on the news today and reality is that the stock was down today...just calling it like it is.
Are you also stating where your exit point will be as well once you pump GRBG enough to move it back up 20%?
The Red Cross goes where the blood is or where it will be and based on the mindless pumping going on here, a stain pen ordered online and delivered in a plastic bag with the name and address of the buyer written in ink is not likely going to be enough to remove the massive blood stain from your portfolio or that of the newbies that you sucker into this thing.
There is little to no revenue here and little to no business if you dig far enough which is not far IMO....
Epic,
Um, that stock is down on the news...not sure how you call that a "run".
Let's try to keep the pumping to reality...
Clay,
Do you believe that they will be able to move revenue from $600 in a quarter to $500,000 in 60 days given tht Shot Sirit only makes a very tiny royalty off of the actual product and does not get the revenue for the sale?
No, just shining a bit of reality onto the board. Is that okay or do you just want this to be a pure PUMP board?
CJ,
Shot spirit did all of $800 in revenue last quarter so that PR is the biggest piece of fiction I have read on these boards in a long time. To claim that GRBG's contacts (as the online seeler of a stain removal pen) will help Shot Spirit move from about $600 revenue in 60 days to half a million in revenue.
Complete and utter nonsense IMO that the SEC needs to crack down on.
Clearly a pump is being planned with all these new posters here. Might be successful or might just be sold into by the company itself with any newbies and existing holders left with the bag.
Buyer beware here...
Probably a few hundred million shares a quarter!
And Bill is still President, but resigned as Secretary & Treasurer. Now Rebekah White holds those positions. His wife? Wonder what that job pays.
Take a closer look at SSPT and what else they just did - they bought a company with massive debt loads for a huge chunk of stock as well.
You do have to wonder how much of all of this is just trying to find a sstory with legs that allows them to sell a massive amount of stock and then retire somewhere all the while having no intention of actually having a real business.
Really, buying a shot liquor company and then claiming that your contacts in the stain pen market will help you increase sales of the shots from 600 for a quarter to 600,000 in 60 days...not sure the stain pen group will help with that.
Good luck with your investment here...although investment is being generous IMO...
Not quite at asset value if you look at the Sept 30 statements. That would have net asset value at about 750,000 but included in those assets are about 850,000 of investments in other companies stocks and the fine print actually tells you that a good chunk of those stocks are inactive - yep...shells at best with no revenue or business and who knows what price you bought the other shares at...you would be down much lower on net assets - below 500,000 or worse if you dig hard enough.
Buyer beware and holder be warier!
Legal Capacity of 800?
But Mark seems to think you can go much higher according to info provided to TH III...
Update from Mark.
Cheers,
Thurston
Mon, Nov 23, 2009 at 10:22 AM
From: mark.b.newbauer@gmail.com
1) as soon as Ticketmaster processes everything on their end--should be shortly ;)
2) first 500 tickets will be at $40 - there will be a cut line at the door for an additional $20 and the price at the door will more likely range from $75-$150.
The club has a legal capacity of 2500+ and at an event like this there will also be somewhat of a revolving door with the ability to run anywhere between 2500-4500 throughout the evening.
--
Mark B. Newbauer
President/CEO
Mike The Pike Productions, Inc.
www.mikethepikeprods.com
office: 310-230-5642
fax: 310-362-8718
TICKER SYMBOL: MIKP.PK
Follow us on www.twitter.com/mtpprods
So who is telling the truth?
Thought about buying them but my due diligence led me to believe this was nothing more than a printing press for management's benefit along with perhaps a few friends.
Has anyone tried to figure out if there are or were any connections between management and the companies that have been bought with your shares? Perhaps they are buddies and in cahouts on something that has less to do with building shareholder value than you might hope - I have no evidence of this but the transactions make me question why they would be done at all.
Has anyone here figured out why you paid so many shares for Shot Pack and its $2500 in annual revenue - before expenses?
Can anyone even name one product that Brightside makes and where it is sold?
The other acquisitions are equally suspect IMO.
I will just drop by once in a while to ensure that there is a sprinkling of reality (from my perspective) to be left here in addition to what others who may be more optimisitc will post that may be a little more based on rich wishes and fairy dust.
Time,
Your investment is down 50% in the last month...not sure how much longer you want to wait...but I am guessing that there will be posts around here in a month or two saying:
I am down so much it is not even worth it to sell now.
Am guessing a few will do some year end tax selling next month so the prospects are not great IMO.
3's and 2's are ahead and then the dreaded 1's. This one appears ready to go away even faster than most since they can not gather a following at all.
Maybe the change of mind was the fact that Hot Shots only showed about $600 revenue (no ZEROS missing) in all of last quarter.
Cash flow positive???? Not unless Bill is not being paid..or maybe he is being paid in shares that are being dumped into the market at increasingly lower prices.
IMO, Reality says that selling stain pens through a website with little to no traffic and getting a small royalty on single serve shot pouches is hardly an investable business...is this really your best investment idea?
Knock Knock
Who's There?
Reality
Reality Who?
Exactly my point!