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I never said they aren't done........all I said was that the game plan changed and Dean stepped down BEFORE acquisitions were closed. GLTY!!! Hope it still happens!!
Dean always intended to step down once acquis were done anyway and take a back seat,so this comes as no surprise........other than acquis aren't done!
Very possible.....we'll see.
Kind of difficult to dilute with no buyers......volume is abyssmal right now. In order to dilute, they would have to create some interest/buying pressure, and that's not there at this point. I don't think dilution is the reason for the delay. IMO, I think they are going to try to release fins either concurrently with acquisition news or one before the other to get the share value moving north. Again, just one man's opinion. GLTY Global!!!!
Very good.........thanks!
They'll be paying them "weakly".
After re-reading my post, I can see how you would construe that...sorry dude! My bad.
I think you misread me.......I didn't say you had referred to him as a crook. My intention was to say your posts are spot on and I wish others would post objectively. Sorry if I offended...not intending to do so. GLTY!!
As long as folks don't post emotionally and look at this for what it is at this point in time, I'm all for it. Many unfulfilled goals here on the part of QASP. And we're seeing the reaction to that now. Post objectively!! The whole "Dean is a crook" thing is just frustrated shareholders venting......
I don't agree.......I just think that Dean's dreams are bigger than his pockets. I believe he's trying to do this, but at some point, you have to be realistic about what is possible/not possible given your position. My gut tells me he's sincere, but it also tells me he's not fully in touch with reality.
Alot of "over-reach" in the span of the last year that I've been in this stock. The "go slow" approach might have worked....one acquisition closed, build value, close another, build more value...and on and on from there. And I'd bet you a stack of QASP stock that if Dean could go back and do it all over again, he would have adopted this tactic instead of the "all the marbles" one he's taken.
GLTA....maybe he can still salvage this, but I'm not encouraged at this juncture.
"We believe that the Company's acquisition candidates remain in place and remain committed to being acquired....".
That statement isn't too comforting. Quasar "believes" acquisition candidates remain in place. Wonder what those phone conversations have been like. Not alot of confidence there.
GLTA!!! Hope this recovers!!!
Looked like a "food fight" there for about 40 minutes between the 5s and 4s. Interesting day as far as the action so far. The encouraging thing is PIHN is starting to get attention from MMs and investors. Everyone just needs to hang in there for fins and PR on acquisition.
Well said Chuck.......GLTY!!
Sorry Art.......I'm not in QASP/flipping it and am playing elsewhere now. Won't hit the buy buttom for QASP until I see some definitive funding arrangements in place to support solid acquisitions. I'm a lousy flipper anyway. Just trying to be objective about the stock......not bashing, but this is tough to watch as I still like what the company is attempting to put together. Its really just a question of whether Dean can pull it off at this juncture. I hope you make a ton of money on this Art.....I really do! GLTA!!
Sitting.......waiting.......biding my time like everyone here. Good to have a date associated with release of fins now. Maybe we'll see some increased volume the last few days of week in anticipation. Have a GREAT week everyone!
Hey All......I bailed at .007 back when the Newby funding delay occurred. It seemed to me a definitive indicator of serious trouble with Dean's plan and I decided to cut my losses. I still believe that Dean is sincerely attempting to make this all work, but there is only so much the man can do with a start up and now a decreasing lack of value which makes funding even more difficult in my opinion. I sure hope he can still pull it off for everyone's sake, but objectively its not looking real good at this point. GLTA!!
Not me.......missed that buying opportunity being away from the computer. Damn!! Fins will show we are profitable according to Letter to Shareholders released today. Don't see a problem here other than the visibility issue discussed in the thread. Looks like some lucky folks got their limit buy orders they had in filled at bargain prices. Good for them! We're at a fairly stable bottom here and upward pressure will increase IMO as the next few weeks unfold. GLTY!
Zzzzzzzzz......wha', who', what was that? Sorry.......zzzzzzzzz. Sleeping on a mattress full of PIHN shares. Waiting....watching.
Nope.......first buy was on the ask of 5 when this stock was at 4 last week. I've traded in and out of PIHN over the last year numerous times. Great stock if you have the patience to wait and can avoid the "day trading" mentality.
Finally filled on .0006.....awesome. Averaged UP a bit. Now its just time to sit back and relax and enjoy the ride. Good luck to everyone! I'm certainly looking forward to the next week or two.
Put in a buy order about 10 minutes ago at the ask of .0006 and it didn't fill...hmmm. Anyone have that issue today?
I've got a GTC buy order in for .0005 (doubt it will fill though) just in case we get a quick dip before the run. Will add to my position at .0005 already. Maybe I'll get lucky, but if not, I'll be buying higher.
You go to Steal's profile/posts, and he has illuminated PIHN on other sites on IHub anyway.
Ouch.....broke that .006 support line.
How bout this scenario......you sell, you preserve what is left. You buy in lower and increase your share count when the bottom is in. I kind of like that one too. If today's news told me anything, its that I should have been flipping in and out of this all along, or certainly a portion of my position. And its not undervalued for what we have so far, which ain't much to date.
Wow.......puts it all in perspective! Everyone here should read your post.......and everyone should be saying a prayer for The Protector and his wife. I'm praying for you guys!!!!
I for one am already in "reflection" mode about the events of the day. I am admittedly a fairly novice penny stock trader. Invested on the big boards, but never down here until a little over a year ago and the market was tanking. Bargains galore! I made the classic mistake of marrying this stock. I took my investment mentality from the bigger stocks to QASP and got spanked pretty hard. I still do not believe that Dean is scamming anyone here. I believe his motives are good. He is trying to form a large company, but its especially hard from a financing standpoint when you are looking for such large amounts of funding and you are in essence so small with so few assets.
My investment here is MY responsibility alone......no one else's. I can only blame myself. Many well intentioned people on this board on both sides and I wish everyone the best of luck!
Thanks for the advice Doc........good luck to you!
Translation------A/S increase. Not bullish or bearish. Just the facts. Trade accordingly.
Hang in there Woodsy.....you're not alone. Assuming you sold on news. Try to laugh a bit and move on. I was away from my desk when that PR came out and when the Mineseeker PR came out, we got that little spike and I sold my position. Small victories. I still believe Dean can put this together, but its a huge mountain to climb with alot of negative actions he'd prefer not to execute (increase in AS) along the way. I would expect a PR reflecting that increase in the next week or so IMO.
Good luck to you Mike!! Hope you make lots of money and make up your losses incurred here.
Its not about pumping or bashing. Everyone now needs to see this for what it is. I still believe he can get this done in some fashion, and I appreciate the fact that the company let us know what was going on because we all deserve that, but this IS going lower on that news. Its the pennys guys......its always a crap shoot. I'll lick my wounds and forge ahead. I was confident he'd pull it off this time and I was wrong. Everybody entitled to an opinion......right? AS is going up...and that's very objective!
I still think he can pull it off.......I just believe at this point that I'll be able to buy back in much cheaper than I was in previously. He has no choice IMO but to raise the AS to fund ongoing operations. Like it or not, I believe that's the predicament we find ourselves in.
To everyone........keep your chin up, no matter what your decision is on this VERY TOUGH day for QASP. This is the nature of investing in penny stocks. Sometimes you win, and sometimes......
The problem here goes deeper than the funding which I believe still can be accomplished, the problem that I see is funding ongoing operations of the acquisitions and continued funding to Tigerfish and Mineseeker. This will likely drive Dean to raise the AS very shortly, unless he's got shares stashed away, but I seriously doubt it.
Good fight and I have no doubt that Dean is trying, but in his desperation to get this funded, he's now backed himself into a corner that lead me to no other conclusion that an increase in the AS.
GLTA!!
Just sold......GLTA. Might buy in lower, but will deliberate that point carefully.
This will climb nicely once the apps are fielded and revenues are generated. Simple as that. You have to be willing to hold this one until that point IMO.
Obviously with the lack of visibility on what is going on behind the scenes, we are left to guess and therefore fear sets in and PPS reflects that. But, we are not far off the lows we saw a month or so back, so my personal choice (not for everybod) is to ride this out and see what transpires. I'm not so deeply invested that if the stock falls off the cliff that I'm screwed.
What has changed here people? Nothing at this point. We don't have material facts as of this juncture to render any judgments. We have fear because Dean hasn't PRd anything YET!! Where did he say he would issue a PR by 30 June?
Man.....if you don't want to ride the coaster, don't buy the ticket. Risk is what these penny stocks are all about. Never bet more than you can afford to lose.
Hold the line.....I'm reminded of the scene in Braveheart where the English (bears) are charging the Scottish line (bulls). Are you going to hold and fight or run in the other direction in a panic? The bears might just be surprised at what awaits them at the line.
Who is right? We'll see. All that said, I wish the bulls here as well as the bears the best of luck. Everyone deserves a better life. How you get there is your business.
This is a great PR. Meat starting to be hung on the bones of SREH!! The story is slowly unfolding here IMO and my hope is that we make a nice, controlled steady climb in share value vs. the "seismic activity" we've seen in the past. Read the PR carefully. Apple is apparently onboard and ready to accept M2E's apps when they are unveiled. All IMO as always. GLTA!!
Wouldn't it be interesting if Dean has intentionally planned to release the news at market close today. May be zero validity in that, but just a thought.........
And Dean doesn't like to lose..........