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no sense after fantastic financials
Slapppy: nothing "fantastic" about those financials at all.
Suppose you had friend who owned a used car lot in your town and he told you, "We had a great month in April, sold 28 cars - almost one a day!" You'd say, "That's great, maybe you can get that muddly lot of yours paved now." To which he replied, "Not yet, I haven't got paid yet for any of those cars, but the money is coming." How about those financials?
Exact same situation as MYEC for the 1st quarter. Its all in "Receivables". Ironic how the guy who is the creator of the world's
greatest instant payment system has to do business relying on 30 day,
60 day, or 90 day paper.(if we are lucky and all those receivables are paid up by the end of 2nd quarter). So business is a lot tougher for Ed than the "to the moon"ers on this board have forecast. It appears that he has to let customers try his product out for a while before demanding payment. If is system is as good as advertised here, most of those customers should be satisfied and start making payments per whatever agreements that they have with Ed. I believe MYEC will prosper, but not at warp speed. GLTA I expect to be excoriated by all those who predicted $0.25 "by end of May" etc. Won't bother me a bit.
Dr. Evil: was there any question or discussion about NTEK getting a patent or some kind of IP protection on the design or software in the Nuvola? What is there to prevent others from reverse engineering the NP-1 and coming out with a knock-off in six months? Thanks for any replies on this issue.
Kubisiak; MYEC is obviously using an accrual system of accounting here.
In a "cash basis" system 1.6 million in receivables would never be allowed to be counted as "profit", until it was collected and safely in the bank. I'm long a bunch here, and concerned that Friday morning, the "whales" are also going to be concerned about that receivables number. I'll be happy if we get up to and hold 6 cents. GLTA
JMillo: Below is the text of my e-mail to Chris:
***********************************************************
Hello Chris;
I am an NTEK shareholder with approx. XXX,XXX shares at this time.
I would like to attend the May 17 meeting with my wife.
Do I need proxy statements from my brokers to gain admittance to the event?
Anything else needed?
Thank you.
XXXX XXXXXXXX
***********************************************************
below is his response
***********************************************************
On Saturday, May 3, 2014 8:33 AM, Christian Hansen <chansen@nanotechent.com> wrote:
We have your RSVP, and we will confirm you with the brokerage, you won’t need to bring anything with you other than your ID.
***********************************************************
I read in an earlier IHub post that NTEK would appreciate contact from shareholders who were attending so that could plan for the size of room that would be needed. hope this helps.
Hi Taber: put in my RSVP with Chris Hansen on Friday and got his reply on Saturday. This will be my first ever shareholders' meeting. Do IHubbers I.D. themselves so that can get together and chat? I am also planning to bring my wife. Do many shareholders bring their spouses?
Thanks for any info you or others can provide. Go NTEK!
so glad I forked out the $89 to get unlimited IGNOREs. Did it mainly to get away from the nonsense going on at the NTEk board, but I find that it is needed here at MYEC as well. Adios amigo.
"Share buy back alone"
I hope that at these prices, NTEK is using some of its excess funds to buy and retire shares. Isn't there a rule that when companies buy back their own shares they can only buy at the BID and cannot "slap" the ASK? This situation continues the downward trend of the SP. The stock price can only rise if outsiders take out low ASK prices offered by manipulators. (such as the groups who accumulated millions of shares at subpenny prices). This is a drawback an investor has to be ready to deal with in any OTC stock that has recently had a huge run-up. GLTA
finwiz: I tried doing what you propose here, but it was just wearing me out. Last week I broke down and ordered an IHub subscription with unlimited IGNORES. Best $89 I ever spent! Especially for this board, which I can now read in 1/3 the time it used to take me (also ignore gratuitous pumpers). And I can sleep better at night! Just realized - this makes me sound like a pumper for IHub!! IMO
P.S. the feature of being able to read 10 posts in a row without having to deal with all the advertisements is also neat and a great time saver.
I hope the folks that tend the data base on NTEK fix that "error". It is going to screw up charts from now till Christmas.
Today's 0.0001 low is showing up on both my Think or Swim and Interactive Brokers TWS charts. Maybe some guy did it so he could claim the Guinness World record for best stock investor in history. 0.0001 to 1.00 = one million % in a year!! IMO + assumes NTEK will be $1 in a year. Hope so. GLTA
global: are you aware that PHOT "will begin trading" again on the grey market and not on the OTC? HUGE difference. Have fun.
Cohen: in case you haven't noticed, we are already in penny land.
Or is your definition of penny land 0.0100 to 0.0199?? As the previous poster said, do some DD. Suggest you read some posts by someone knowedgable.
http://investorshub.advfn.com/boards/profile.aspx?user=387587
kwm: I don't even bother looking at SA any longer. Three of the Nasdaq stocks I am in have been whacked by hit pieces posted by bashers with born-yesterday histories etc. Thankfully, there were a lot of very fine rebuttals made in response to this poorly researched anti-MYEC blog. MYEC deserves better than what SA has allowed to be published about it. GLTA
Money: I agree with your question. I have been a frequent PayPal user for more than 10 years. Have never been asked to do a survey. Logged into my account just now and looked around anything to do with "survey" and could find nothing. I do not do mobile transactions, that may be why I was not part of the survey. Seems to me that PayPal could use MYEC's system whether mobile or online. GL to you.
all my stocks in the buying opportunity mode
Dane: thanks for the post. I thought that I was the only one in that circumstance. What's that saying?? "Misery loves company."?
Reading the last 50 or so posts and Leo's PR have been encouraging and serving to fortify my patience. Plus I will have some fresh ammo next week to pick up some of these CTIX cheapies. GLTA
Joe: what's your beef with Fidelity? I can buy as much MYEC as I want for $7.99. Do not understand your post. IMO
Kub5: thanks for your words of encouragement. Most of my investing has been in small cap biotechs. I have been on one for the last 4 years that has science which appears to really work, but which has been the victim (many of us shareholders believe) of dirty tricks by Big Pharma to keep its price down by going so far as to possibly be responsible for the sabotage of an important Phase II drug trial - which sent the price of the stock crashing down 85% overnight. This is a Nasdaq stock with over 100 employees and number of famous scientists and former Big Pharma executives on its staff, yet it is fighting for its life. Why?? Because Wall Street plays dirty. After experiencing all this, how I am supposed to feel about a one-man show, working on a shoestring, who is going up against a multi-trillion $ banking industry? I hope and pray Ed Starrs succeeds, but he is going to be taking business away from somebody, and those people are going fight back Wall Street dirty if they have to. I believe MYEC will succeed, but it will be a longer and more drawn-out battle than posters here expect. I would personally be thrilled if we make $0.25 by December.
oldman65: my commiserations to you on your PH*T experience. I went through the same thing with KM*G and GT*P. Many posters on those boards said those companies would battle back and have the SEC to reverse the suspension, but it never happened. Both stocks still are on the grey market at 1/10 or less of their former value. What saved me was my rule to never put more than 10% of my funds and any one position. My $ position in MYEC is the largest of any other stocks that I have because I was lucky enough to get in very early. I will not add any more until MYEC gets out of the pinks and onto the OTCQX. That will provide the assurance I need that this won't turn into another suspended grey market disaster. I must admit that Ed seems to be very legit, but the shock of my past bad experiences had left a deep distrust of pink stocks. GLTA
Hypi: below is an abstract of PPHM insider buying from March,2012, thru present per Form 4. Only shows the last buy and current total position for each insider.
TradeDate --Insider-------Position----Qty bot ---Total owned
2013-10-31--King,S. W.-- Dir/Officer-- 4,131----191,534
2013-10-31--Fussey, S.-- Officer -------6,752-----72,232
2013-04-30--LYTLE, P.--- Officer ------11,998---101,491
2012-04-30--Masten, J.---Officer-------12,498----12,498
2012-03-14--SWARTZ, E.-Director-----16,000---126,000
Source:http://insidertrading.org/?sort_by=acceptance_datetime&asc=&symbol=pphm&date_from=2012-03-13&date_to=2014-04-12&submit=+GO+
P.S. Just realized I-Hub script does not allow spaces for creating neat columns, so data is squeezed together here.
These are posters who are trying to get into the "Most Followed" category. (click on Hot! at the top of the page) Some of it may be a ego trip, some with the idea of starting an advice board with perhaps paying followers someday.
Unless you find most of the posts of a follower worthwhile, don't reciprocate. GLTY and GO MYEC.
I'll vote for that. Great idea. I was actually going to post it, but see that you beat me to it. (my first visit to this board)
Sure is lonely at this board. Thought I would join the chatter. I see the NT 10K has been filed telling us the 2013 financials will be late. They should be pretty good. If not, I'm giving up on this and putting the money where it can do some good. Was lucky enough to get in early on MYEk, so I'm having fantasies that GLYE can do 1/10th as well. GLTA
revenue: I'm the same as you - thinking each time PPHM spikes, that its the beginning of the "epic" move, only to be disappointed. With my luck, if I do sell the next spike, that probably will be the start of the next epic move and I'll be left behind after going through years of agony with this stock. So I am hanging on no matter what. GLTA
razorback: You seem to be pretty cognizant of the dividend issue concerning the long shareholders. Could you fill us in on what happens to the shorts? My understanding is that a short must pay the dividend on each share that is shorted (back to NTEK??) Does this mean the shorter has to have cash in his account sufficent to pay the divdend so that his broker can deduct it and send it back to NTEK??
It seems to me that paying a healthy dividend will accomplish one of the goals of uplisting = make shorting and manipulation more difficult and less appealing. Hope the dividends will help stop the extreme bashing going on here. IMO
Seagull: Please correct me if I am wrong, but I read in a post here a few days ago that the "look in" information will not be available to the public. Only PPHM, the FDA, and potential partners signing NDAs will have access to the "look in data". Was that post wrong? Thanks.
PMC: WLYW appeared at the top of my Interactive Brokers scanner for "Hot Contracts By Volunm". Not much info on the Into page.
From the news item in OTCmarkets.com looks like they are going to become another marijuana stock. Like get in line folks!!
******************************************************
Wally World Media Launches New Subsidiary, Vape Shop Holdings Inc.
Acquires BongShop.com and 20 other Legal Cannabis Industry Domains to launch e-commerce and Intellectual Property Subsidiary. Kyle Moys Appointed President of New Subsidiary
NEW BRUNSWICK, N.J., April 2, 2014 /PRNewswire via COMTEX/ -- Wally World Media, Inc. (OTCQB: WLYW) announced today that it has launched a new subsidiary to address the legal cannabis industry's need for new technology platforms to explore acquisitions and to develop new products. Kyle Moys of Washington State has been appointed President, Vape Shop Holdings, Inc., which has acquired 21 domain names including bongshop.com, vapesugar.com vapestore.net and herbcake.com that the company intends to launch to meet consumer demand for new innovative products in the legal cannabis industry. We will further update our shareholders upon further execution of our business plan. The company's website is http://www.vapeshopinc.com
According to Darin Myman, CEO of Wally World Media, "In addition to the new technology platforms and potential acquisitions, Mr. Moy's appointment as President brings with it a tremendous amount of product knowledge and an operational base in a state that has legalized the recreational use of Marijuana".
About Wally World MediaWally World Media, Inc. (OTCQB: WLYW), is a developer of mobile technology platforms for digital media and entertainment. The company offers a video platform and mobile application to easily create, edit and share high-quality digital content. For more information please visit: www.reshoot.com.
Forward-Looking Statement for Wally World Media, Inc.
This news release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 ...bla bla bla.
And how about adding an "Ignored By" line right under "Followed By" on the profile info. Hopefully would take some wind out the sails of the most followed bashers on IHub. IMO
P.S. really happy to see Bavi mentioned in the Ramucirumab article.
Highlander2: check with your broker. At Interactive Brokers(IB), none of my shares can be lent out for shorting UNLESS I am actually using margin myself (that is borrowing margin money from the broker). If I do use margin $, any of my shares is lendable for shorting. IB will not allow me to buy MYEC at this time, unfortunately, so I have to use Fidelity. Hope this helps.
L-N-S: Interactive Brokers also will not allow me to purchase MYEC. Luckily, my accounts at Fidelity and Options Express have both allowed me to load up on this wonderful opportunity. GLTA
Dane, Macnqueso, BigKahuna,& Apparition: thanks for your informative and kind replies to my post asking why P is being crossover tested using healthy people instead of psoriasis patients. Great board here - folks willing to share knowledge. CTIX is lucky to have supporters such as you all and the many others who contribute here. IMO
Dane: So the Prurisol "trial" PR'd today will be using people who do not have psoriasis. Amazing!! Can you imagine our Phase I for Kevetrin at DF being done performed on people who DON'T have cancer?!? WTF!! I admit to being a babe in the woods as far as biotech is concerned, which is why I read these boards hoping to find great DD. As former aerospace test engineer, I lived by rule "test like you fly". And this "test" leaves much to be desired as far as I am concerned. Psoriasis is an autoimmune disease, meaning something is going on in the bodies of the people who have it that is NOT going on in the bodies of the people who don't have it. Perhaps that something will have an effect on workings of Prurisol that will never be seen in until a lot of money has been put into the 600 person test. Kinda scary. I could understand using "healthy" test subjects if CTIX was dealing with a rare disease, but that is not the case here.
P.S. Sorry if this sounds like I am blaming you for this, cause I don't.
but not testing for efficacy quite yet
Pregressive: thanks for the clarification on which CTIX "clinical" test today's PR is about. My understanding is the the study subjects will be taking the Prurisol pills and then their blood will be draw and tested after a certain period of time to verify that the Prurisol has been converted to the chemical signature of Abacavir. The part about "no efficacy testing" must be imposed by FDA boilerplate requirements. Surely test subjects and personnel running the tests will be able to see if Pruisol is having any dramatic effects. Will FDA rules require that such observations be considered as "anecdotal" and thus unreportable until the real Phase 2/3 is completed? My interest stems from the fact that my wife experiences periodic outbreaks of psoriasis. While her affliction is mild compared to some the psoriasis photos I have seen on the internet, its bad enough. GO Prurisol!
Ooops sorry, just saw DUKES BOY's post 169109 mentioned same item that I had in this post.
EC: from your profile, it appears that MYEC is the only board that you post on. How truely lucky for you to find MYEC as your first stock. If you read some other boards, you may have seen that some are taken over by groups of pumpers who clash with groups of bashers, and that is why some IHub posters have been given a bad name. This MYEC board is pretty classy and civilized compared to most other boards, and provides great DD to boot. GL to you.
TS: thanks for the excellent DD and thorough analysis provided in your recent posts on SVFC's debt situation. Noticed from your profile page that you are also in the Aussie oil play I got stung in last August. Will be paying special attention to your posts from now on. Person mark for you.
GLTA
gold: RE my reply to your post on the cancer drug board concerning KarinCA. Thanks for the civilized response. I did not mean to sound harsh.
Good luck.
gold: you remind me of the people with whom I went to school who would say that they didn't have time to study for the day's test and ask for help on what the important questions would probably be. Since you value KarinCA's posts (as most of us do) why don't you just go to her profile page and read the posts about CTIX, instead of asking her to do double work. IMO
zare2: PPHM insider info seems to be all over the place:
per FINVIZ.com = 0.2%
http://finviz.com/quote.ashx?t=PPHM
per Yahoo Fincance = 6.95%
http://finance.yahoo.com/q/ks?s=PPHM+Key+Statistics
I guess people with pick the number they like, or ignore all of
them.
vege: if MYEC does not cover paper checks, then wouldn't you agree that the "44 trillion" number does not belong in the conversation either? There appears to be plenty of room in the market out there, even if MYEC just got 25% of the current credit card business. IMO
bondx: thanks for the response. Interactive Brokers does take 4 days to process an ACH transfer, but Fidelity takes only one day if funds are used to purchase NYSE or NASDAQ stocks. For OTC stocks, Fidelity makes me wait 4 days also. Go MYEC.
B RY: Can you please explain why ACH does NOT charge me or my stock broker when I transfer $5000 out of my checking account into my brokerage account? I can understand the rationale of there being a % charge to merchants for credit card purchases, but have a hard time understanding this for ordinary checks. When one of my apartment tenants writes me a $900 to pay his rent, $900 is deducted from his checking account and I get the full $900 deposited to mine. These numbers being tossed around concerning the potential income to MYEC for processing up to 1000 transactions per second are beyond my comprehension. Long and strong here, but kind of bewildered.