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Trying hard not to (lol jk)
Buying a new LCD monitor today....my 15incher has given up after 7 years...Too much flickering and spots on the screen and this can die any moment. Before it dies I wanna see CPRK @ 5 cents LOL
Debt
Crediters usually don't ask for the whole repayment at once. This helps them earn more and more interest. As long as the company continues to make certain payments debt deadline usually gets restructured.
With cash flow starting monday, company will have this in mind and will be looking to expand production and shipping as soon as possible.
People taking profits
Great. I am on board with 200K shares yesterday.
There we go now
EACH TRUCK HAS 20 Tonnes of concentrate.
With 3 trucks per day, 5 days a week??? Any calculations???
I meant....3 trucks per day 5 days a week and 100% increase in magnetite
Do u think it can ever go back to 5 cents? 10 cents?
What do u think the price will be if they continue to ship 5 trucks per week. And they increase their magnetite production.
Let's say 1 year down the road...what do u guys think the PPS will be?
RISK vs REWARD
Guys...I am putting in my money in this...Can any experts provide the risk vs reward profile for this stock? I really need to make up for some losses :(
My STUPID broker
Called me after close yesterday and told me that my CPRK order was only partially filled even tho it showed fully filled....AHHH how frustrating is that???
Do u guys know what the bid / ask is like?? I want to get in early and hold for long term.
Thanks
Found it:
As of June 18th, 2009:
Average Volume (3m):
10,282,100
Shares Outstanding:
3.95 Billion
Market Capitalization:
$45.425 Million
Does anyone know the debt info?
Does anyone know the amount of O/S ? Google says 8.35Million?? That's too little in terms of liquidity. Is there a history of reverse splits?
Also, is the company currently in debt?
I am on board!
LOL. I should have seen this coming.
I am not bashing this stock. I really hope that you guys make a significant gain!!!!
I guess I am not ready for the risk.
Common Sense
Guys, I am not an expert in PINKS (or any stocks for that matter)
But this is all about common sense now.
I don't know how much you've put into EWRC...if it's a couple of hundred bucks...might as well take the gamble.
When I first heard the news about takeover, I bought in right away (within 5 minutes of the news release). I looked @ the current price and the buyout price and I didn't give a crap about the fundamentals...o/s shares....r/s crap...because a PR like that pretty much guarantees that the sp will jump to a great extent. That didn't happen. Since then until today we've been waiting to get information without any luck.
So let's look at the facts now:
- 4 (or 5?) Reverse Splits in the past
- Change of company ticker symbol each time (Helps ppl FORGET about the last company that screwed them over)
- Pretty much similar statements from CEO after every R/S and change of ticker symbol
- Massive dilution after every reverse split (especially last year when the 12000:1 R/S reduced the shares to less than 500K !! But in 4 months, another 20:1 R/S which would reduce the shares to 5.5 billion?? That means the dilution was 20 times 5.5 = 110 billion shares??
- No significant revenue
- No recent SEC filings
- The company is good at advertising. Yeah they sponsor events and try to get famous ppl to those events and tell them about their product...but at the end of the day you can imagine how many people would use Boomerang. How many people on this board use it? I've used it and uninstalled it after 15 mins cuz I can't tolerate a toolbar following me everywhere!
- NO OFFICE NUMBER FOR GOD'S SAKE. NO EMAILS. NO IR. NO RETURN OF CALLS. NO WAY OF COMMUNICATING WITH THE COMPANY...EXCEPT FOR A STUPID CALL CENTER..THE PERSON AT THE OTHER END DIDN'T EVEN KNOW THE COMPANY THE COMPANY GOT AN OFFER...SHE IS JUST A TYPEWRITER.
- Massive volume with no price movement. Seems like it has been accepted that MMs are after this.
- Dr. Brown sounded pretty cocky when he said to me that he thinks the company is worth more than that. He wasn't excited that's one thing for sure..If I was the CEO and I could get 1000% of what I have, I'd take it.
- They have TOO MANY WEBSITES. TOO MUCH SHIT ON EVERY SITE...EWORLD MUSIC...EWORLDMIX...EWORLDAPOLLO...ETC ETC. All websites talk about Boomerang.
- Their product doesn;t even list the minimum requirements to install on a pc. CRAPPY softwares have that information. All they've done is make a GREEN page which has one button to download.
I am actually mad at myself for not doing research before but like I said I saw the news and I thought great fuc%ing news. But now a lot of things are coming forward.
Heck, if the CEO releases a PR and says deal fell through. He's not gonna release the name of the buyer EVEN THEN. It is possible that we've been buying the shares that the company directors owned. You think they can't own 3 billion shares?
If you look at the PRs on marketwire...they suddenly start appearing since June 11th. None before that. The price before that was 0.0001s and 2s. Multiply that by 3 billion you get $30,000 - $60,000 worth of shares. That's nothing. Some of them have made a lot of profit on this now.
We are ALL complaining that the bids aren't going higher. Whom amongst us is ready to bid at 0.0016 right now? No one. Period. We as a society think about our individual needs and they divide and rule. Which one of us will hire a lawyer against them if they announce the deal is dead? No one. Even if you do, on what grounds? Fake PR? You think they don't have an official letter of bid (fake ofcourse) from one of the companies that works closely with them?
Seven Aurelius wouldn't want his name to be associated with a scam? WHY NOT? Britney Spears showed us her crotch. Paris Hilton went to Jail. Famous people DIG publicity. Good or Bad. It keeps them in the news.
This is not pure lotto as far as I think. It has BS written all over it. No I am not a paid basher...I am not mad because I couldn't get in at lower prices. I am glad that I am out of it.
Good luck and think from the brain...not the heart.
Disclosure: I am out of this one.
Disclosure
I am OUT of this one. I am not bashing this but apparently I've been looking at CEO's statements after all the past reverse splits and how he has been increasing shareholder value.
January 26 2008: 12000:1 RS
As a result of the reverse
split, the company is issuing 1 common share for each 12,000 shares held on
the record date of January 15, 2008. Upon completion of this reverse split
the company now has total of 445,000 outstanding common shares and total float of slightly less than that amount.
CEO says:
"We believe that this reverse split will
provide immediate important benefits to our shareholders. The movement to a significantly smaller number of traded shares will allow us to better service
our shareholders and at the same time signal to the marketplace that we are
positioning ourselves as a company worthy of serious consideration as we
prepare to move out of our developmental stage and into our marketing and
expansion mode. The timing of this restructuring is reflective of the steady
progress of our fund-raising efforts, and coincides with finalization of
several strategic partnerships, new marketing launches, and the final beta
testing of several Internet technologies, all of which we will officially
release to the public at our Official Launch Event on February 8 & 9, 2008.
We are very excited about the future of our company, and look forward to
making additional important announcements in the coming weeks and months."
After 4 Months --- Another R/S
This restructuring was effective as of March 26, 2008. As a result of the reverse split, the company is issuing 1 common share for each 20 shares held on the record date of March 26, 2008. Upon completion of this reverse split the company now has total of 5,476,289 outstanding common shares and total float of approximately 1,800,000 shares.
Are u kidding me?? In January he does a R/S and brings the O/S down to 445,000 shares.....4 months later the O/S is over 5 billion.
CEO says:
"This reverse stock split is the latest in a series of steps we have taken to better service our shareholders by positioning ourselves strategically in the market place. We believe that our stock is now fairly priced in the market place and we are very excited about the future of our company. Our marketing efforts are gathering momentum very quickly now, and we anticipate making several important announcements in the coming weeks."
Now CEO confirms this:
eWorld Companies Confirms No Changes in Authorized and Common Shares or Public Float in Past Year
The above statement is just stating the fact isin't it? Does it guarantee that another R/S and another change of symbol won't happen?? EWRA this time??
MAYBE the deal will go thru. If CEO had commented at ALL about the buyout offer then it would be a different story. Maybe he doesn't want to say who is the buying party. Why would a buying party choose to conceal their identity? Too many questions in my mind...and I cannot take this risk. Good luck to all who can.
Company has a history of reverse splits and CEO commenting each time that they are making "shareholder value". I wish everyone good luck and hope that the deal goes thru.
No I think it's a HALT FOR ALL PINKS!!!!
ALL PINKS ARE GONNA BE UP 1000% at EOD lol
Yes what the hell is going on? Network failure?
What is the bid / ask like?
Proof of SHORTING!!!!
Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue
Sept 10, 2009 0 -100.00 96,608,016 0.00 No No
Source: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ewrc#getShortInfo
And it's dated September 10th!!!!
So whats the L2 before open?
News should come in the afternoon...Between 12 30 - 1 30....One of these days..
Means that Market Makers are feeling the squeeze on their tits.
ROFLMAO
Curious - How is shareholder vote taken into account?
Morales needs to stop wanking and act on this fast.
Someone at NITE will soon be waiting tables.
Can someone post the L2 information. Thanks
What about the Market Makers on the ask side. Sure enough bids are being suppressed by MMs who have naked shorted this...but can't the MMs on the other side (ask) do something about it? I am guessing they all know when to scratch each others' backs.
Highly doubt it. UNLESS it was planned that way.
Morning. Yes, Reassurance from the CEO yesterday should give buyers some confidence. Hoping for more good news today.
Please enlighten us why would a Market Maker dump a stock which has received a buyout offer?
I have lodged a formal complaint to SEC as well:
EWRC has received an offer of purchase of all outstanding shares on September 9th. The volume since that date has been tremendous (More than 3 billion in 3 day). However, it seems that the price is being suppressed. Usually on such news, the price tends to increase towards the buyout price but in this scenario the trend has been opposite.
This means that EWRC is under heavy NAKED SHORTING ATTACK by the market makers. This has been confirmed by the Senior Vice President of EWRC on the phone with many shareholders (including myself). EWRC has made significant progress in the past few months and is about to monetize its patent pending product, thus increasing the shareholder value.
It is requested that the SEC perform an immediate investigation in this matter and prevent the market makers from manipulating the stock through naked short selling.
This will be in the best interest of the company as well as the shareholders.
I agree. They can't give out material information like that.
So he thinks the company is worth more than 1.9 cents...
Does it mean they will try and renegotiate the deal?
I think they will go for 1.9cents...IMO
I think I am optimistic...and the circumstances so far do point towards it. Since June 11, 2009 the company has made good progress. Even if the deal doesnt go thru the share price should be around 0.0008-0.00011. I don't have much experience with pinks to be honest..so I am not sure what is holding this down. IMO the sp should have been atleast in the 0.003s by now but someone is definitely manipulating this....we'll just have to see until how long.
Company has been releasing PRs around afternoons and quite regularly in september. I don't think the DD should take very long. If I was Morales I would make this my top priority.
Summary since August 31st 2009
Since August 31st 2009, 6.55 Billion shares have been traded. Here is the summary of what has happened since then:
Aug 31 - Seven Aurelius joins the advisory board
Sept 1 - Partnership with Echelon Club
Sept 1 - Company raises Revenue targets
Sept 1 - Company hires Hilbroy Advisory as Financial advisers (Both company and Hilbroy hint that the possibility of a buyout cannot be ruled out)
Sept 5 - No change of shares and float
Sept 8 - Progress on Boomerang for mobile phones - faster than anticipated
Sept 9 - Buyout offer @ 1.9 cents/share
Sept 10 - 2nd annual eworld music awards
Sept 10 - Buyout offer accepted. DD going on
Sept 14 - Reassurance from CEO that share structure and float remains unchanged despite the numerous rumors on internet forums (how many pinksheet companies do that?)
But do they announce in advance about reverse split? Giving investors some time to get the F out?
Predictions for tomorrow?
News or No News?
Trading halt?
Volume?
PPS?
So think about this:
◦Capital Change=shs decreased by 1 for 10 split. Pay date=11/26/2001.
◦Capital Change=shs decreased by 1 for 5 split. Pay date=3-5-02
◦Capital Change=shs decreased by 1 for 5 split. Pay date=7-13-07.
◦Capital Change=shs decreased by 1 for 12,000 split. Pay date=1-16-08.
The first 3 r/s were 10:1 and 5:1. Why the 12000:1 ?
Ok I am not much experienced with pinks I agree. But when there is a R/S does the company announce it WELL IN ADVANCE? or does the company announce it AFTER IT IS DONE?
I second that