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I would love for this to make a come back. I just don't thin it will happen any time soon if ever. It has been beat down into the mud over the last 6 months. I know that the last quarter showed descent gross number potential but the net was poor. Its going to take ALOTof sales and ALOT of work by upper management to fix the very poor image they have created of themselves. Right now they appear as either bumbling fools or that this has been an atm for management and friends. Hopefully there was a method behind everything and they can turn things arround as far as investor confidence. By showing solid # s and proving this hasn't just ben a scam.
Your numbers are based off of total sales cash aren't they? If so then you have to subtract the cost of running the business and making the product from that# . I haven looked at the financials yet but it costs money to make money. You have to subtract that cost to calculate the actual profit margin.
The free ink for life website has the as seen on tv logo. Has ANYONE seen it on tv though?
Looks like the same typical "Stay with us.... You will be happy!" routine they have been using for the last 6 months. IMO
While California may be desperate for cashflow that does not mean they will give the permits. The people of California and particularly the politicians are so lost to reality that most of the time the environmental concerns and public assistance programs are considered almost holy. Ie untouchable. Not saying that all Californians are this way but this is a reality for the majority of VOTING Californians. So imo this will still cause huge roadblocks for sugo. I lived there for four years. Long enough to learn that the state cares about environmental issues and welfare programs much more than economical issues. Why do you think they are in the situation they are in? Hopefully the state is in enough trouble now that reality has set in and they will strive to find a balance between the economy and everything else. Including sugo. All imo.
I agree and meant to mention that but forgot. I also believe that if Lenny wants to fix the share structure without hurting the company he will need to do it with a share buy back. In my opinion if he does a r/s it will only kill any faith/trust investors may have still.
A little off topic but cali was not better off financially. They just had not admitted reality yet. Now they have and they are desperate to bring in state revenues.
If they have something good going finally, then great. I would love to make some money back. I still hold a small position so that I don't forget about this stock. In the long run things may work out. However as of now I have no faith in upper management. They could have gotten more and kept the share value up by doing things differently. I personally will dump what I have left aside from my restricted shares as soon as they are worth something. Unless something substantial happens that can be verified OUTSIDE of lken pr info.
The only thing that will move this stock is to have some great news that is verifiable outside the company. There have been to many fluff Pr's followed or lead by lies and empty hopes. No real money will come here now without outside verification of advertisement and profits.
Yay!!!!
Im not going to argue with you. Im simply going to say I have been here through all of this and tell you to do a bit more research. Your facts are off and folks here deserve the whole truth before they invest hard earned cash.
Look at the share structure in January and tell me no dilution has occoured. There may be manipulation as well but there has definitely been a ton of dilution.
There are 3 things that made me decide to wait. First im new and inexperienced at trading. Second im a low cash trader and primarily buy sub dollar stocks because I can buy more with my low cash flow and they typically fluctuate at higher percentages and that leaves potential for higher profit from less invested. Third the constant increase with no real pull back made me nervous. Usually I get burned when I decide to buy a stock that has climbed like this one because it decides to pull back right after I buy. But the biggest reason would be inexperience. I really don't know what im doing yet.
Man do I wish I had gotten in on this when it was brought to my attention a couple months ago!
Since when has Lenny been up front with his dealings in lken? He has taken this to. 0001 from a high of almost .02 in 5 MONTHS. The sad thing is that he could have done so much better for investors and the company if he diluted less and kept the pps higher.
I been wondering that exact thing myself.
I ben thinking about this safety testing. At first I was thinking they should already know what they need. Then I thought maybe not. This is a brand new technology bundle. While im sure most of what they use in the unit has been aground a while this is a first time configuration for these well known parts. So thinking about it this way. They should have a general idea what safety features are needed and im hoping they already integrated them. However I see the need for testing of a new product by a safety firm because of the unknown factors of the unit. You never know what un expected safety issues may come up with a brand new product.
An example of the issues that come up with new technology or improvements to technology. When ford first started people did not like the idea of windshield wipers because they thought it would be to distracting to the driver. That was a valid safety concern at the time because they were un tested. I know its not related to our water heater. It is just an illustration of an oddball safety concern that im sure none of us would think twice about now.
Not really discouraged. I stopped getting discouraged when I screwed myself out of all of my profits by reinvesting into a stock that already ran. I no longer invest money that matters to me. That way if I lose its no biggie and if i win it like a nice little bonus for me.
Well what I have isnt worth selling at this price if i could. So ill wait and see. I hope your right but Im thinking this is money in the trash for me.
Do we still think were getting anything frpm Telogis? I baught into this on that speculation. As of now I believe I was duped.
It HAS A PULSE!
I apologize I ment Andrew. I took what he said to mean tuesday but he DID NOT say a day. Just that it wouldnt be tomorrow or Monday and my guess for Tuesday was pretty good.
I just talked to Mr. Martel. He told me to guess when the pr would be. I said Tesday and he said that was pretty good... What made me guess that. He also said it should be good news as the company is happy with developements.
I hate lenny. What a wonderful buisnessman that built 3 or 4 multi million dollar buisnesses yet now he drives the first public one he owns into oblivion. Great guy. Sorry for the negativity guys but I seriously fed up with all the dillution that has occoured and probably is occouring now.
B/A 2/3. I see that this thing is screwed for the time being. Thanks Lenny for dilluting the piss out of this so bad that even when you have something that can be proven your stock STILL tanks.
Beer I cant send sny PMs. Could you send me more info or maybe a way to contact?
Well it pretty much sums up where im at in my stock career.
Slider I know your only repeating what Betsy said. However with all the lies that woman has told directly to investors in the past I trust NOTHING she says. She lied directly to me and several other investers back in Janurary. Take it for what its worth.
I have several junk stocks. Im new to the market and have gotten my butt kicked 90% of the time. I made 2 good short term picks so far and pretty much made up for all the bad ones. My point is that I am not a fool but Im not an expert at this by any means. This stock I think is different. It is not where I had hoped it would be by now but that is ok because I believe it will get there. If it was a scam they would be diluting. If they didnt feel they would be successful then the restriction on Roberts shares would not have been extended. Im very happy to just leave my money here simmering. The best food gets cooked long and slow.
This is making me sick. Sorry guys but it is.
Got my DIVI today.
Im still here as well. Not that I mean much to the board. Just sitting back hoping that the past info from mr. Greene have some truth to push this back up.
They also said they werent dilluting during months past. Now with financials its proven that they dilluted almost a billion shares over the last few months. I dont trust this IR to tell us anything strait. Also notice that he didnt address the R/S or share increase at all. HMMMMMMMMMMMMMMMM
Im trying to stay positive with this company but the bold part of this comment is getting tiresome to read or hear from these guys.
"We have the Quarterly Report being reviewed by our Attorney and have the release scheduled, please stay tuned and it will be released in the very near future. We initially where under the impression that we would have them released prior to today but, rest assured they are scheduled for release."
What is causing this?
Im getting the feeling that someone is intentionally knocking this down to 14 every time it climbs a little.
No clue. I am curious how much you have aquired so far today and if it has been at or below your bid.
Everyone is alowed their own opinion. All Im saying is that people need to research on their own and pretty much ignore anything that they cannot confirm on their own. Unless they consider the source reliable.
I been here since the beginning of the run up in Jan. I made a good chunk but I reinvested it too soon and now im looking pretty bad on this stock. I have recieved some info from some people here and there that is impossible for me to prove or disprove. All the info i read and find on my own is pretty balanced good and bad. Personally I feel that folks need to learn to research on their own. If you cannot research then you need to be in the big boy stable stocks. ANY info that you recieve from ANYONE including the company needs to be scrutinized. Try to prove it true or false for yourself. If you cannot prove it true then unless it came from someone that you can trust then the best thing to do is act as if you never heard that info. Make choices on WHAT YOU KNOW! Being facts about the company or the charts, and on some stocks the pump and dumps were all so familiar with. (NOT saying LKEN is a p&d)
Just my opinion. If folks would trust themselves and not others then they have noone else to bash.