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To me, this is an autoshort every time it gets pumped above $3......it's the lock way to make $$$ on this pos......
Vintage, That's awesome that we're still around. Hope this one turns out like we deserve it to......and yes, they did name dirt after me....LoL
picked up another 30k at .029 today......can't believe how long I've owned this stock.....LoL
It's why going short is the only way to make money on this dog with fleas. I just wish I'd figured this out at $8.....LoL
Didn't want to get greedy while Baby G still might have a few new suckers on the line.....I'll ride my next short to the next reverse split....lol
He blew his wad the first few days after the split. As the buying continues to dry up, the shorts get stronger and stronger. I'm planning on shorting this POS again once the volume totally dries up again....it's coming.....
covered 4.02 This may be the way to play this one
Short at 5.05
He's been hosing his investors for 10 years. He loves toxic financing and reverse splits and changing business objectives on a whim.....Lucky was the first to call this a scam years ago and he was dead on the $$$.
Those .24 shares will be the floor for the shorting that starts after Govils buddies buy it up a bit......once the volume dries back up, the shorting will consume all the small buying and the price will drop every time they do......until they cover at .24......LoL
I'm looking to join that party......
Only needs a 1/4 at this level....Lmao I can't believe Govil's found more suckers to buy this flea ridden dog after his second reverse split and 15th change in business strategy......Looks like he'll be back in the carbon credit business soon......oops, he gave that part of the business away...
In their paperwork, the RS could go as hi as 1-10......which equates to a 1-60 for long timers.....Lmfao
I figure he'll elevate the rs to 1/10 or 1/20, issue himself and his cronies another batch of stock and options to restore their positions, pour more stock into the markets to raise cash and then set up another scheme centering around who knows what.......
That equates to a 1 for 36 split for the long termers.....what a deal.... look out below.....
Dr.
This pos has already had a 6-1 reverse split.....that's where the .05 comes from.....
LT
that's five cents pre-split.....Lmao
and here I sit trying to figure out all my trades on the POS so I can get 1/2 penny a share from the settlement.....Lmao Lettuce sea, we've had a 1 for 6 RS and this one's gonna take at least a 1/20 to get back up....haha
and as Govil continues to increase the OS for financing, shorts will keep shorting the endless supply of shares
Sad thing is, if they had pursued the scrubbers for power plants, they would be getting ready to rock........instead, they came up with the powerobsolete desk......
Ah, they will issue themselves more shares like all the scams do or file BK like the big boyz do then issue themselves new shares in the "new" company like Kmart, Linn Energy, GM, etc.........at least in the penny world, you get to see it coming.....LoL
Maybe it wasn't a drop in rev but an auditor that reported the numbers correctly?.......Naw, what was I thinking......Lmao
It would have been interesting a year ago to have a real auditor putting out their quarterlies.....BC if his numbers were real, why dump it all? As for Jedi, I hope he's not on commission......
No kidding.....it's trading at a dime pre-split........
I would have thot a quality pumper would have had some buying standing by when he announced the rights offering......I'm sure he didn't raise diddly, not even Bo Diddley.
Lucky, This bad boy is trading at 11.5 cents pre split.....and they want me to buy some more? Lmao
Lou
after his 1 for 6 reverse, he hasn't stopped issuing private placements and blowing up the share count.....
Jedi, you do realize this stock is trading at $.157 pre-reverse split? Govil seems to have no intentions of making anyone but himself money.
Lower lows beget lower lows and lower highs and this one is a chart mess as well......I'm still holding a small position but it's basically worthless.
Good luck
Lou
Jedi,
Govil should buy those of us that have been here since the beginning some stock.....a 1-6 reverse followed by a PP at 1.65...........
Laz, You know the MM's spread these low volume stocks all the time when they don't want any action. They may be trying to clean their books or don't have shares to sell and don't want to short right now. I've sold quite a few shares this runup in the .52 and .55 groups.
Goodest of Luck
Hi Laz!
The bid size has been big for a week now....20k area. Someone wants it. I'm hoping this thing finally gets bought. I turned 5k off at .52 just to see if they would come up and get it and they did so I thot that was interesting as well.
Hope you are doing goodest!
Lou
Amen K
Laz, I just don't see how you can TA a stock that has such low volume. 2 daze of buying can jump the stock 20% and 1 day of selling can drop it 40%. TA can't predict the actions of one day in a stock with no volume. All I know is you better sell the low volume babies on days with big positive news and buying or you can't get out....been that way since I started playing in this arena back in the early 90's.......
Lmao....K
LT
Oil probably needs to be above $65 for LNCO to survive with the shareholders intact.....anything much less will probably relegate us to the 4% scrap heap......
John, I agree with you on that point for sure...
Hello Everyone! I don't see how an institution could buy this stock in any quantity right now with the float where it is. I've always figured that mgmt thought retail would drive the price high enough to do a forward split to put the float back to the level that institutions could get in and be the next levels of support but it didn't happen. That's too bad for all of us, but if an institution wanted 100k shares, how would they be able to buy them?
GLTA...
Lou
Cash flow is the single largest killer of any business. Large established businesses have credit lines that they use continually while small, new concerns don't have those options. That is why they go public in the first place, so they can raise cash through stock and not having to take it from their own pockets. Dilution is a huge problem with all of these OTC startups and CETX is no different. Having sales and assets doesn't mean a company has CASH on hand when it comes to payroll, paying for their raw materials, etc, so they have to raise it.
In the long run, I like CETX and still own 15k shares. I wish I'd moved 10k yesterday....Lmao
LT
Please stop shouting....
Since CONgress is exempt from insider trading laws, I hope they start to buy a few shares....Lmao
AMEN!