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more bs ... you need a board to hire a new director ... there is no board ... plus last annual / quarterly reports in 2008
no news for 12 years ... "news coming" - more bs
THIS IS THE CLASSIC PUMP AND DUMP --- add the "gamestop" mentality --- throw in bs lies about news and new director --- but a pump cannot make a dead company alive again --- you still need revenues (ZERO) profits (ZERO) filings (ZERO) real news (ZERO)
which is what the stock is worth - ZERO !!! it'll get back to .0001 sooner than later
holy crap - first it wasn't going to drop below .0015
now it's a diving board off of .0012
wow ... can't wait to see what the next bottom is ...
when it goes below .001, hope they have a high diving board
ooooops ... low of .0015 broken
first off, the volume is actually closer to half of posted volume --- check it out --- there are double prints for most trades - the buy and sell printing for the same trade
second, you're assuming there is no manipulation --- buying/selling to themselves or to each other (if 2 are involved)
PROOF OF THE SECOND POINT --- WHERE DID ALL THE SHARES COMES FROM INITIALLY??? why would someone out of nowhere start buying billions of shares ... who was selling these shares ... only peter had that kind of quantity
the prevailing theory was/is something has to be happening ... SO WHERE IS THIS SOMETHING ??? BEEN MONTHS SINCE THIS STARTED TRADING ABOVE .0001 ...
WAS 10 YEARS THAT THIS TRADED BETWEEN .000001 - .0001
THIS STOCK IS A POS !!!
if i was a betting man (and i am - i sold all my remaning shares in the recent run-up - 10's of millions - which i bought 10 years ago at .0001), this is a one man show - peter just pulled a mini-game stop manipulation
you already missed the huge run
no .. you're missing the point!!!
this is a pos ... no news, filings, etc for over 10 years... no assets ... no rationale for this company rising from the dead
this is a manipulation - probably by pt ... like i said earlier, he was reprimanded / sanctioned by the sec over 20 years ago
stock hardly traded for 10 years - between .000001 - .0001
WHAT I DON'T UNDERSTAND, IS WHY THE SEC HAS NOT MADE THIS A CAVEAT EMPTOR STOCK ... OR EVEN, WHY IS IT ALLOWED TO TRADE AT ALL???
https://fintel.io/so/us/ipwg/mai-capital-management
i guess you forgot to mention that mai closed it's position (selling 20,000 shares) in 2016
if you bother to check, there is hardly any shares owned institutionally (66,000 shares in total)
furthermore, i was under the impression most institutions cannot buy sub-penny stocks
yes... and like i stated, does not discuss how many shares were covered ... those numbers, ie total shorts outstanding (also in the link), are about one month behind - and does not cover the recent massive increase in volume
there is definitely short volume
https://fintel.io/ss/us/ipwg
Market Date Short Volume Total Volume Short Volume Ratio
2021-02-08 285,498,036 489,923,422 58.27
2021-02-05 630,036,653 922,684,685 68.28
2021-02-04 118,540,759 185,577,591 63.88
2021-02-03 24,399,608 32,418,420 75.26
2021-02-02 47,514,501 84,089,489 56.50
2021-02-01 12,665,549 22,726,650 55.73
2021-01-29 42,798,365 65,155,510 65.69
2021-01-28 77,265,390 140,293,602 55.07
2021-01-27 12,274,444 38,443,890 31.93
2021-01-26 27,435,830 72,874,527 37.65
not sure how much has been covered...they're about a month behind re: total short volume
i've been in this for well over 12 years
was run by peter toscano
was supposed to build a trash into energy plant in poland before 2010 ... never could get financing ... in retrospect, it was probably a scam all along
company has literally been dead for 10+ years ... no news ... no volume ... nothing ... no filings --- STILL NO FILINGS --- company has ZERO ASSETS --- NEVER HAD A PENNY OF REVENUE ... was just a story that never came true
for years traded between .000001 - .0001 --- those blips on the charts, were bad trades (mistakes) at .01 in 2012 / .001 in 2017 --- should have been .0001 --- .0001 was the ask at the time
whatever is happening, peter toscano has to be involved since he owns more than 50% of the shares - which he awarded to himself
maybe he's forcing a short squeeze --- EVEN THOUGH THIS COMPANY OWNS NOTHING ... NO ASSETS ... NO REVENUES ... there was a very large short interest at one time --- and they (may) never had to cover, sInce the stock went virtually to ZERO
MAYBE PETER THINKS HE CAN PULL A MINI-GAMESTOP... CONTROL "ALL" THE SHARES AND RUN IT UP - BUYING AND SELLING TO HIMSELF --- some of these blocks involve over 5,000,000 shares --- who owns that much quantity --- and who could sell such quantity --- and who would buy such quantity --- peter and the shorts
yeah, i know it's illegal to trade to yourself - if my memory serves me, peter was sanctioned by the sec many years back - 1980's 1990's
actually, they exercised options at .50, and sold into / during the recent run-up ... for a profit
definitely not a positive ... because if they thought it was going much higher, didn't have to sell
but not that negative
Well, I've been selling my shares too....
I'm not stupid...
Happy too
Doesn't mean I still think it's bs
Btw, remember I posted that I'd stop pumping when I thought the pos was doomed...
Well, I realized it was doomed 10 years ago
Don't care if u buy it....
What happens if in a week or two or three some major news comes out... then anyone who sold cheaply has an incredibly strong lawsuit ... class action... plus a strong sec case ... against those who bought with insider info
PLUS WHAT COULD THIS POS POSSIBLY HAVE GOING FOR IT no news in 10 years... never one dime of revenue ever
hypothetically, let's say something is happening ... and eventually it happens ... MAJOR LAWSUITS FOR INSIDER TRADING !!!! anyone buying large quantities of shares knowing something will be happening --- the definition of insider trading ... and anyone who sold before the news came out would be a plaintiff / class action ...
asked my friend who is legally knowledgeable re: these issues ... he said there is no way this could involve a major future news (positive) event ... including taking the company private, etc.
he did suggest a possible answer ... someone who shorted large quantities of the stock is covering to close out the position ... to remove any liability for legal purposes, even though the company is dead - no news in 10 years, etc.
a short covering their position would not have to announce he is doing this...
stock has been at or under .0001 since mid 2011 until mid 2020...
2 misprints --- one purchase of stock at .001 instead of .0001, and .01 instead of .0001 when the ask was at .0001 --- mm's were/are thieves
no news in 10 years ... no assets ... NOTHING ... ZERO ... NADA ... ZILCH ... what could possibly have changed?
this is just manipulation at its worst of a totally worthless stock
john has not been ceo for ten years --- never updated this... peter toscano was the brains of the outfit ... and owned most of the shares ...
BUT THIS STOCK HASN'T HAD NEWS IN 10 YEARS --- IT'S DEAD ...
only owned stock for a few weeks ... but i don't understand why today's announcement is negative ??? anybody understand why stock is reacting poorly to a positive partnership???
bid size just dropped by 80%... to 15.5 million ... if this doesn't change, looks like we see .0001 - .0002 soon
and like magic, 110,000,000 shares appeared on the bid ... now 127,000,000 shares bid @ .0002
i guess we hang out at .0002 - .0003 for a while longer ... especially with very little actual volume
volume dropping off sharply ...
bid size dropping off too ... used to be over 180,000,000 @ .0002 ... now under 120,000,000 = and not due to trades - less than 2,000,000 shares traded today
a lot of bagholders who fell for the big volume / big up day last week ...
my theory is looking more likely
Because the bid was .000001 for most of those ten years and I didn't need a tax loss and I didn't need $500...
good one tdc
if it wasn't so sad, it would be hysterical!!!
did put a smile on my face !!!
most of today's shares sold at bid
imo, the almost billion shares traded on tuesday might have been manipulated
here's my theory ... there is an extremely small float ... well under 250,000,000 shares ..... if the main shareholder(s) sell and buy large blocks to themselves and make it look like there is massive buying - driving the pps up as they go - taking out small blocks as they go - then they get greedy, but ignorant people to buy because of the large volume and pps increase - at .0004, .0005, .0006 - then their buying disappears - leaving 100,000,000's of share bought at these higher pps - and then they have to sell at .0002 (if they're lucky) ... imo, bid will be .0001 by next week
throw in some smart money that shorted stock in the .0005's knowing the company is worthless - they're probably the ones buying at .0002 to get out quick
imo, this is what happened in july and august, but on a smaller/slower scale ... but eventually pps came back to .0001
so like i said, the reinstatement is basically for the corporation registration... costs a couple of hundred dollars... and is TOTALLY MEANINGLESS !!!
if u check, they re-register the corporation every few years ... and again, if i recall, it was in delaware, even though their listed "headquarters" ( a private residence) is in florida - was john benvengo's house at one time
NO ASSETS ... NO NEWS ... NO INSIDER BUYING ... NO INSTITUTIONAL BUYING FOR 10+ YEARS
A WORTHLESS POS COMPANY !!!
wrong ... this stock has not been grey zone ... it has been tradeable all along ...checked nasdaq site - NOTHING THERE AS FAR AS A "REINSTATEMENT"
someone mentioned a secretary of state (sos) filing occurred
once again, would someone show me what was reinstated? from a verifiable website !!!
once again, same bs story ... same bs website ... read the disclaimer ... no guarantee on accuracy
once again reinstated to what ??? ... to secretary of state filing ??? ... that it paid to have its corporation status updated in delaware or florida ??? ... no one seems to know what was reinstated ...
still have more shares to sell ... been selling hundreds of millions of shares of this pos since 2010
you r absolutely right ... i am happy about the pps explosion earlier and my profitable sales ... but hate to see manipulators trying to feed on people's greed
and hate ignorance even more ...
has anyone ever heard of a company that has been TOTALLY dead for over 10 years all of a sudden wake up? with no new news ... no meaningful filings ...
btw, nothing happened in 2014 despite some posters pretending something did
btw, don't bother pointing out the two pps spikes - 2012 and 2017 - stock was selling for .0001, but some idiot(s) mistakenly put in .01 (2012) and .001 (2017) ... check the volume of those sales if you don't believe me
check wsj site for ipwg.
someone posted there was a lot of institutional interest. not according to wsj site for ipwg. less than 100,000 shares owned by institutions ... and these were all purchased over 10 years ago
no insider buying for 10 years
no institutional buying for 10 years
THIS COMPANY IS A BS COMPANY WITH NO ASSETS ...
NO SEC FILINGS SINCE 2007/8
NO NEWS SINCE 2008
first off, it's not a filling, it's a filing. second, sos (or secretary of state) filing is bs. i didn't bother to look, but 10 years ago, they were a delaware company. if the filing is for the corporation papers, it's bs. means nothing. anyone can pay a miniscule fee to get their corporation filing updated.
the listed address for the company is a florida residential address where john benvengo lived 10 years ago.
what state is this filed with? which sos?
by the way, last time this company had significant news was 2007 / 2008.
what the hell is an SOS FILLING?
would appreciate a link for this filing - and please don't repeat twitter bs link ... the disclaimer at bottom of page says there is no guarantee of accuracy
show me an sec filing ... a nasdaq filing ... even a marketwire link
AND FOR THE THIRD TIME - WHAT THE HELL ARE THEY REINSTATING ?????
how does a company that's been dead for 10 years --- no assets ... NO ASSETS PERIOD !!! all of a sudden it's worth something...
btw, i'm ecstatic ... i was able to sell 19,999,998 shares today for .00045 average ... bought at .0001 or less years ago
i'll repeat ... wtf are they reinstating...
no sec filings - stock has been sub penny for 10 years - no annual report - no announcement from company
why can't we find any legitimate news on a reputable site?
pulled the same bs in july and august ... got stock to .0005 then ... and back it went to .0001 ... wouldn't be surprised if it closes .0001-.0002 today
here's the facts ... this pos has been dead for 10 years ... no reports filed ... almost no volume ... bouncing between .000001 and .0001 ... this company owns nothing ... NO ASSETS
back in july / august i thought maybe the added volume and pps increase could be that company would become a shell for a new company ... until it dropped again to .0001
by the way ceo (at least ceo back in 2010) peter toscano owns a majority of shares based on a bs bonus he paid himself (if i remember) preferred shares equivalent to 5 billion common - for nothing ... would have been a lawsuit except the company was worthless, and so was pt
so i've been around this stock for decades --- and it's still worthless
EVEN WORSE, IF THIS IS INSIDER MANIPULATION, SOMEONE'S GOING TO JAIL FOR FRAUD
disclaimer is not very confident
"reinstated" to what?
no filings - no sec filings - no annual reports filed updated
no news anywhere else - no news from company
sorry ... sounds like bs to me
would you mind posting the reinstatement news or cite where it was posted please
don't bother posting much here... BEEN SHAREHOLDER FOR OVER A YEAR
questions:
why isn't this denial from acoe not on their website? BECAUSE SINCE WHEN DOES ACOE ISSUE PR'S ???
eis passed ... passed environmental issues ... mitigation plan was sent in ... if mitigation plan was not satisfactory, wouldn't they have told company why, and allowed company to re-submit mitigation plan taking into account what was wrong with plan?
can anyone find anything from acoe directly stating mitigation plan was not accepted? pr did not mention the word mitigation ... VERY FISHY
i also was selling in august ... etc. only have 45,000,000 shares left ... and you know i had a lot more than that ... and i also was happy to sell at .0003, .0004, and even, at .0005 for a few shares
as i have posted multiple times, there are no assets, future plans, etc.
only possible use for ipwg is as a shell...
so if this was a scam to get people to buy, i doubt it worked ...
what i don't get, is who is still trying to buy even at .0001
this was trading at .000001 - .0001 for years
wouldn't we know what the grandiose plans are that caused pps to rise to .0004 by now?
maybe peter or john will post and let us know ... highly unlikely
isn't it interesting that company never filed for bankruptcy ?
somebody dumping at .0001 ... big buyer from months ago (that's right months) disappeared a while ago ... this looks like it could go sub .0001 again
so i guess the bs story posted here back when big buyer was here, was bs
but i'll repeat, why would anyone be buying shares at .0004 (months ago) ... still think it involves a shell company... and i think big buyer will be back ... but starting at .0001, not starting at .0004 ... but it definitely does not look like anyone is in a big hurry
because the ask never was at .0002
bid.0002 ask.0003 was lowest point yesterday
but most of those shares are/were owned by peter ...
so only have to buy the float ... probably less than 2 billion shares ... and remember most of those shares were bought @.0001 or even less ... lots of sales at .000001
so just buying the stragglers ... probably less than 500,000,000 shares left ... maybe under 200,000,000 ... even at .0004, that's only $80,000
and i'm sure peter would sell his 6 billion at a discount --- since it is otherwise worthless
would you pay a million for a shell ... i haven't a freaking clue ...
BUT WHY WOULD ANY ONE BUY THIS POS WITH ABSOLUTELY NO ASSETS, EXCEPT TO USE AS A SHELL ??? i would love to hear other theories