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Enjoy the view on the sidelines then.
Hmmm...another "entered into an agreement" fluff PR. That's now three in a row. Maybe that's why this thing didn't explode with 50+ million volume/blow through .0010 price behavior, but instead is up only 1 tick after the flippers made some nice change. The markets just ain't buying into these PR's anymore if they don't have solid evidence of signed contracts with revenue numbers.
Also, maybe the markets not only aren't buying the fluff, but maybe they are doing extensive DD also on this, and noticed that Leading Points Corporation is just one person, Kevin J. Sullivan, a retired logistics officer for the US Air Force. Seems he was forced to retire after a reprimand for a botched nuclear missile component shipment in 2008.
http://www.airforcetimes.com/news/2008/09/airforce_generals_nuclear_092508/
His company works with an awful lot of Pinks. You can see that on their Facebook page.
http://www.facebook.com/pages/Leading-Points-Corporation/189721188693#!/pages/Leading-Points-Corporation/189721188693?v=wall
Providing the products of Cannibis Science to his military connections must be a hoot.
http://www.pr-inside.com/cannabis-science-signs-leading-points-corporation-r1459525.htm
Nope...the markets just aren't buying into an "agreement" between ELFN, a company with a few crappy websites and a retired logistics officer who has another website as revenue generating monster. Their treating it as a handshake over lunch at Denny's.
Again gang...NO MEAT on this PR. 30,000 downloads for a free iPhone app means nothing, and is actually anemic for an iPhone app. What the market needed to read, was how many times was the FEE paid to actually use that free app, and what was the revenue numbers for that period.
Working on getting compliant with the SEC...again, it means nothing. 99% of all Pinks in the same classification state they are "working on becoming compliant". The market needs definite, confirmed information. What is the name of the auditing/accounting firm? What date were they hired? It's great they are going to eventually put together a PR to release this information, but until then, why bother to even toss it in a current PR?
The market isn't comprised of idiots willing to buy on veiled hope.
GLTA...still standing on the sidelines.
with a half hour to go:
Buys 997143
Sells 9059945
Unknown 900000
10 to 1 sells to buy today. Not many people want this thing right now Smitter.
It has to double in price just to get back to it's spring floor of .0010. .0030+ looks like such a distant dream now...
I'll take a small position if it drops down to .0002-.0003 area which could happen sometime this month.
Usually MM's will short the stock when they are handling dilution. The dilution will normally drive the price down, and the MM's can jump on that bandwagon and keep it going by adding to the selling pressure. It's easy profits for them.
Sorry about getttin' back to you on this dog. I was gone for most of the day.
You forgot to factor the R/S into the original transaction by the MM. When they do a R/S, all the shares on yours, mine and a MM's account reflect the change in number of shares, even if you are short.
Example:
MM shorts 1000000 shares at say today's price.
1000000 x .0006 = $600.00
The MM has to eventually cover that 1000000 share commitment. Currently, the lowest price that MM can buy back those 1000000 shares would be .0001. But if he waits for a R/S...
Company does say a 1 for 50 R/S
A) Share A/S (all shares, everywhere...longs, shorts, treasury) gets divided by 50
B) Share price gets multiplied by 50. (.0001 goes to .005)
C) The equity remains the same.
So those million shares short position in the MM's account will also reflect that R/S. He's now no longer 1000000 shares short, he's now just 20,000 shares short.
Since the price very, very rarely rises on these Pinks and Pennies after a R/S but continues to drop, the MM eventually can cover his short liability at shares cheaper than the .0001 floor before a R/S...
Still using our above example, if the price continues to drop after the R/S, let's say to .0025 when the MM eventually covers, he is theoretically paying .00005 per share in pre-R/S price if you were to adjust for that 1-50 R/S.
So now on the MM books, we have this:
Original pre R/S transaction:
Sell 1000000 x .0006 = $600.00 credited to account
1000000 share liability
Post R/S transaction:
20000 share liability
Buy 20,000 x .0025 = $50 debited from account
Profit = $550.00
Now multiply this by millions, hundreds of millions of shares, and you can see why the MM's will try and short the crap out of a stock and keep it at that .0001 level once it hits that floor. It's very lucrative for them to get that R/S. You will see this happen more if the company is transparent, and everybody can read what the convertible debt conditions are in their quarterly and annual SEC reports. If they see that there is a minimum price threshold, the stock will go to no-bid status. As for EFLN, I have no clue what their debt structure is since nobody knows jack about this company. They are a non-reporting company, one of the riskiest, just a tad bit above a Caveat Emptor labled Pinkie.
This ability to short makes for a very uneven playing field for the little guy. Most retail won't allow you to short a penny stock, thus you automatically are at a 50% disadvantage to the rest of the players in the game. That's a huge disadvantage. About the only way I can think of around this would be to create your own hedge fund, and then sign up with a MM, thus creating sort of your own private brokerage firm, but you need some big bucks, millions, to do this.
Hope this helps,
OZ
Can the stock get to .0000? Is that possible?
Oh, pulease. So it sold off a bit today. It went from .0072 on July 8th and now it's hittng and bouncing back from .0110. That's a 52.78% gain on the short term. With today's closing price, it's up 1044.44% from a year ago.
I enjoy our debates in here dog. We tend to agree in the other forum, are total opposites in this one...and I wouldn't let you touch my portfolio with a ten foot pole...lol ;)
We shall see. As I posted the other day, my charts haven't pointed to a bottom yet, and I felt we could go to .0003. Well, we are almost there, but I'm still very concerned about more dilution. I WAS thinking of buying should we find a bottom around that .003 level, but the collapse today was on only 8 million volume. There's still a ton of shares left to dilute with should they so chose. We get one of those 30-40 million days like we had at the beginning of the month or on the 16th, and this thing gets trapped in .0001 land.
Poor Smitter. Didn't he state he was holding on to something like 40 million shares...and was willing to ride it down like the Titanic if he had to? Ouch.
As far as the SEC requesting them not to release PR's, I'll concede to you that I only read that in one of Howards memo's/emails posted on one of the boards. I don't know if it is an actual SEC requirement...Howard stated it was a request, so my apologies for substituting the word request with requirement.
However...by releasing two PR's the past couple of weeks, I have absolutely no complaints on how they affected the stock price. Since I bought almost daily a couple of weeks ago when the price was below .0080, I'm now up 36% because of these rotten PR's. I'm looking forward to a whole string of rotten PR's now coming out over the next 10 weeks.
but at this point what is the point of selling? It can only go up, right?
You're just recycling old stuff now dog. Bayer was an old contract. If...IF...you really did comprehensive DD, you would know that Howard has stated many times, they are withholding PR's right now as they wait for the uplisting by the SEC. The SEC specifically requests that companies refrain from PR's during this period.
Not my email. I'm only the messenger. I found that on another ASFX board and merely copied and pasted it here. Thanks goes to the original poster back on the other board.
Message from IR...
This was posted on another board, but thought y'all might enjoy it here.
Hey Guys,
I emailed Howard with a question and got back more than I asked for.
""Sorry didn't get back earlier, had to get a PR out - check online to
see re School Health distributor agreement. These guys are great; they
sell into pretty much all the schools and colleges across the country.
Thermometer will do well with cold and flu season coming up - I know
last year, schools were frantic with H1N1 etc. These guys get us in
those markets direct and like now.
Anyway, plenty going on here with more contracts to follow with the
production funding in place per the last announcement on that.
Had just a few questions back Monday from SEC on last filing and
that's getting turned round super fast - no accounting, audit, legal
or securities questions which was great news - just management
discussion and business description and narrative really was all.
Final stretch there.
We also got good news from DTC this week re the chill getting lifted
which clears the way for certain brokerages to start trading again!.
Phew, that's about it so back to work!
""
P-
If it is exclusive, then yes, that one company will be the sole provider to the school health market. However, if you read the PR, this sales agreement is for the VersaTemp+ thermo, the professional medical field version, not the retail 5 in 1, thermo. Two different markets.
It's just a piece of the pie. They haven't even tapped into the Professional Doctor's Offices/Hospitals market yet.
As far as the failure of the previous retail version at Walgreens, again, we can't base the future sales on a failed previous one. Apple failed miserably 15 years ago with their first attempt at a tablet computer with the Newton, and creamed a home run with the development of another one this year in the iPad.
We also can't base future sales based on the previous sales team. The previous products weren't being directed by Marc Massoglia. He was only hired in January, and he has a very impressive resume in sales.
So far, this company is right on schedule for what they have planned for this year.
A) Transform company from primarily a distributor to a manufacturer
B) Develop and manufacture (in China) NEW products based on patent technology bought within the past few years.
C) Organize new sales and marketing team (by hiring Massoglia)
D) Showcase prototypes at trade shows and through sales team in US, Europe and Asia.
E) Become fully reporting and file for OTB uplisting
F) Signed exclusive US distributor agreement with Italian company Mebby
F) Redesign websites into Web 2.0 design for better ecommerce
G) Have everything ready to hit the market by late summer before flu season
IMO, this looks NOTHING like the standard pump and dump Pinkie scam company. This looks like a real company, trying to sell real products. They have struggled the past few years as they searched for a profitable business model, but they might have one now. IF they can generate enough sales to sustain themselves and grow, this will pay some huge dividends for those that are willing to risk some capital investing in it now. I would say we are sitting at that risk cusp right now. The future of this company is now dependent on how sales go after the new products and marketing go into effect in a month or two.
I'm willing to put up some risk capital and give them and their products a chance. It's money I can afford to lose. How about you? What's your risk level with this company?
Looks that way...which is one more provider then they had yesterday. As of yesterday, they had ZERO sales providers in the school market. The more sales avenues they acquire, the more sales they will achieve. Basic business 101.
Does efln report quarterly numbers?
Oh, I'm not doubting that they couldn't possibly be dishonest lawyers. I've dealt with quite a few lawyers in my lifetime that were...shall we say...pure scum, putting the pursuit of a dollar over any passion for actual law first.
I was just pointing out to you, that we now live in an age where money is the rule of law in our legal system, not the pursuit of right vs. wrong...and you've received a cease and desist request from a law firm that is comprised of ex-military/ex-law enforcement personnel, now specializing in corporate law, primarily the pennies. Could you afford to defend yourself should they haul you into litigation? It would be very expensive if they are tenacious in their endeavors, which ex-military are prone to be.
See, I've had to use lawyers quite a bit the past decade in a couple of lawsuits I pursued, something I hadn't had to do for much of the previous 25 years, excluding a couple of real estate closings along the way. I was quite shocked at how our legal system changed during that time. Today...it is no longer the administration of law that runs our courts...it is money that is king. Lawyers pursue it, judges encourage quick settlements over expensive jury or bench trials in an overburdened, overwhelmed legal system. Wash, rinse, repeat.
I respect the DD you put in...I was just questioning if you could afford the legal sticker shock should you push it now that you've whacked the legal beagles upside the head and got their attention. IMO, there ain't nuthin' worse in our society today than a lawyer that sees billable hours just around the bend.
dog...looks like you're going up against a pretty mean junk yard dog yourself.
Craig A. Huffman, Esquire
Senior Partner, Founder
Mr. Huffman is an experienced trial attorney with over 60 jury trials and has authored over 40 appeals. His current primary area of practice is securities and contract enforcement of securities investment in publicly traded companies. Mr. Huffman is admitted to practice in the State of Florida, the Middle District of Florida, and the 11th Circuit Court of Appeals. Mr. Huffman has also practiced in Federal Courts in Texas, Kentucky, and Louisiana. Additionally, Mr. Huffman is the CEO and Chairman of New Green Technologies, and co-founder of predecessor companies Internal Command (2001) and Internal Hydro International, Inc. (2004).
Mr. Huffman has been involved in the renewable energy business for nearly a decade. He has been responsible for acquisitions and development of numerous technologies, and has served in due diligence roles for funds and investment into new energy technologies. Mr. Huffman has been internationally published in the areas of alternative energy. He also serves as corporate and security counsel to several companies, and has served on the board of directors of numerous companies. His combined business and legal expertise greatly aids companies in the areas of corporate governance and business ethics.
Mr. Huffman received his BA from the University of Tampa in 1989 and his JD (cum laude and 2nd in his class) from Stetson University College of Law in 1997; Mr. Huffman was an Army ROTC four year scholarship recipient, and currently holds the rank of Major in the United States Army Reserve, in the JAG Corps, and was formerly an artillery officer. Mr. Huffman spent his first five years after college as a Deputy Sheriff in Hillsborough County Florida as an Enforcement Deputy from 1990-1995. Mr. Huffman lives in Tampa, Florida with his wife of 17 years, and two children.
Ummm...you do realize that the "Board of Directors", which is basically Cillo, a couple of his friends and probably his pet dachshund, can vote to change that decision at any time, even between the 14th and 15th fairway, doncha?
You're putting a lot of faith into a management "team" that has been horribly non-transparent and not very honest lately.
The charts look absolutely abysmal right now on this thing. With such small volume, any more dilution will cause this to collapse even further. It looks like we've have two days of some solid dilution, around the 1st and again on the 16th; over 30 million shares traded those two days. The rest of the down days was just normal retail bailing. With the increase of the A/S of 300 million, by my calculations, there is still plenty of shares left for even more dilution available.
I've been looking for a bottom and correction to jump back in this stock, but I'm not seeing one becoming established. We broke through the .0010 short term floor, and then the .0007 floor yesterday.
With two PR's filled with nothing but a Hostess Twinkie creamy filling, the increase in A/S and dilution, and absolutely no transparency as far as real information coming from this company, there is no reason for anybody to buy the stock right now, which is why you are seeing such small volume and no price increase. The MARKET is telling you nobody wants to buy this thing and it might drift even further south. Another 30+ million dilution day around the 30th (since they appear to be happening about every two weeks), and this thing could be sitting at .0003.
$2.73...that's all it took to drop the price a whopping 9% and send this to subpenny again. Ridiculous.
I was just reviewing the trades today. The stock was trading between .01 and .011 for most of the day, until 1:43 pm, when a small, tiny, 300 block sell, only $2.73 in value, plunged the price NINE TICKS to .0091 from .01. That triggered a bunch of sell orders, and the rest of the afternoon, almost all the trades were sells in 10,000, 50,000 and 80,000 blocks. Those are your retail traders taking profits from the recent run-up, probably from their charts sudden violation and the massive percentage drop.
The price never recovered after that 9% plunge as the MM's then dropped the ASK to the mid .0090's range. I hate the manipulation that goes on the pennies, but this was a classic example of it. This stock never should have dropped below .01 today. There should have been about a 5% retracement, not a 14.5% one, but the price of a cup of coffee between two MM's did exactly that.
One trade?
10,000 @ .0008
That's a whopping $80. That's it for the the day so far? I've not seen it this slow before on this stock.
Actually, you'll probably see a down day today. The stock has been on fire this week, up 31.58% from Mon to yesterday. There will be some traders who will take that gain and cash out.
We'll probably build support around the .0100-.0110 range next before we have another leg up.
EFLN is TRYING to become transparet but there are people TRYING to stop them.
Beat me to it. I was just going to post the same info...it just appeared on my Facebook page.
I like the way everything is slowly coming together. We were told not much was going to happen this year until August or September, and they appear to be right on schedule.
The stock price is behaving exactly as it did in early March too. To be up 22+% on less than 10 million volume means shares are getting harder to find; less people willing to sell and bail right now and more willing to hold.
Geez...another fluff PR. Absolutely no transparency...No numbers, no identity for the client, another vague wording about the "opportunity to expand"...and postdated back to July 1. This could have been a cousin to Cillo's, working in a secretarial pool at a temp agency, just getting a personal credit check, for all we know.
This stock ain't going anywhere until there is news with real substance, but hey, they're getting closer to that "1 PR per Week" they promised us. They're down to one every 3.5 weeks now.
Well of course it's speculation...just like just about EVERYTHING for this stock is, since they are a nonreporting Pinkie.
There is no transparency on this thing at all...we don't know if they have revenue, we don't know if they purchased the 30% of INEX, we don't know if there are government contracts, we don't know how the iPhone app is doing, we don't know if and when they will be compliant with the FCC and Pinks...we have no numbers for their dating sites, their background checker sites or their youth drug sites...we basically know jack, BECAUSE THEY WON'T TELL US.
So, we are left with nothing but speculation in trying to interpret whatever morsel of info Frank may toss out or trying to figure out one of their fluffer PR's, ergo, the big huge "Stop. Pink Sheets. No Information" warning logo awarded to them over at otcmarkets.com.
A month ago, just about everybody including yours truly, was anticipating this thing breaking above .0030...and here we are today at an all time LOW of .0007. I'm glad I bailed at .0018 after I read that last POS PR. Now, I'm only on the sidelines, waiting to see if it finds a bottom.
Dilution is for something. I doubt it's for buying lunch for the office
And most are well aware that, ' there is substantial doubt about our ability to continue as a going concern. '
...and GE used to trade at $32.50, and GM at $50 before it went bankrupt. What's your point, that this penny stock hasn't moved up in a year? The entire stock market hasn't moved up in about a decade. Buying and holding stock, since 2001, has been one of the WORST investments in about 60 years. That's why the smart money is TRADING stocks, including the pennies.
This stock could be the biggest scam on earth, yet if it gets hot and a flock of buyers are attracted to it...for whatever reason...it will move up. That's where you take your profits, and move on.
You can post every fundamental bit of negative info on this company...and it means diddly in the penny stock world...because pennies trade on momentum, not fundamentals.
Meaningful revelations? How's THIS for a meaningful revelation...the new 5 in 1 thermometer is a reality, now designed, now manufactured, now shipped, now assembled and now ready to be marketed in August by ASFX.
That is a meaningful revelation in that it completely counters your posts the past 6 months when you were telling everybody in here that there was no contract, there was no company in China and there was no new thermometer. According to you, it was all fluff, designed to merely allow ASFX and their "facilitators" to sell shares..."shares being their only product" quote you.
And now that the thermometer is getting ready to be introduced to the market, you now are stating, what...that there are OTHER thermometers available in the marketplace by a China manufacturer? Well, duh...welcome to the wonderful world of capitalism.
We have no clue how the new thermometer will sell for ASFX, they're projecting up to 100,000 per month, but we do know this one fact, they now have one to sell, a real product, contrary to what you've been posting the past 6 months.
They don't get paid for the free apps, but what they do get is an increase in the amount of apps they offer, thus they can use that as a great marketing and sales tool. Part of the success of the iPhone was the amount of apps available for it, and Apple made sure the public knew about it. Apple is in the business of selling phones...any app revenue was just gravy.
I do believe Apple only takes a percentage on Apps that have a retail price. They don't take a penny from the free apps, which is what the EFLN background checker is. It's a free download...the FEE to use the service once you have downloaded the app, is not subject to Apple's commission structure.
Wow...great DD dog. That is the manufacturing agreement. Further proof that the new thermometer is a reality (as if we didn't already know that from the factory pics, packaging printing, protective sleeve and initial shipment receivership that has been released by the company the past couple of months)
Looks like they still are right on schedule for their August introduction date.
$803.27 in transactions for the entire day so far. Definitely a lazy, hazy summer trading day.
Listing the Picasso on Ebay is an absolute joke. Ebay is not the marketplace for million dollar pieces of art. If you are truly serious about selling the Picasso, you put it up for auction at Christies, Sotheby's or at one of the houses over in Milan, with a reserve price...and then see if the REAL art marketplace will buy it.
If the intentions of Artfest was merely to garner a little publicity from the eBay listing, the real art world, which consists of galleries, appraisers, collectors, and even investment trusts must be laughing their a$$ off right now at this company.
Yea...but at these price levels, 1 tick can equal 25% or more. All anyone needs to do is have 4 successful trades in a row at a 20% profit and you will double your money.
That's why you see such heavy volume in this stock. People are flipping it like crazy, over and over, making a fortune as it trades sideways between .0003 and .0005.
According to calculations on my little trading spreadsheet, a $1000 initial stake, flipped 20 times (a realistic month in this stock), at only a 20% gain per trade, would hypothetically have you sitting on $38,337.60 right now (less commissions).
This is one of the reasons you aren't seeing this stock rise in price. It's being dominated by the price flippers right now, taking a 20%-30% profit each time it looks like it might break up.
Not stupid at all. If there is a R/S, the shorts would make a fortune as the price can continue to fall after the the R/S.
Actually, that's a decent marketing gimmick. Lotso companies use freebie or discounts when new products are released. This isn't a negative if that what was what you were trying to imply.
The NEW thermometers have been manufactured, shipped, are being assembled, and soon will be ready for the marketplace. They are right on schedule for that August release. Putting a product into the market as a teaser before the actual release date is basic marketing 101.
Were due for something soon.
Ooh...Ehlrich got an inside tip about a CIT deal in 1995. I bet that never happens on Wall St. This guy is as evil as Martha Stewart.
OK dog...just like on the other board...do you have anything CURRENT...anything with THIS time period at ASFX? Bring us some dirty laundry of stuff that is happening with this company NOW...not, old rehashed articles from 3, 5 or 15 years ago. That stuff is already factored into the price.