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I would not be surprised if he has avoided announcing additional distributions with podunk distributors on the basis of past board reactions. If I was in his position, I would accept any distribution available to get the product out there. You can't really pick and choose when you really need your product in as many locations as possible.
And this time BW took it a step further and provided substantially adequate information to validate the new distributor. I think he noticed how investors were questioning some of his past distribution agreements and whether those distributors actually existed. BW listens and this proves it. He provided the distributor along with history and a lot more information.
And you wonder why those loyal investors posted the information to this board to alert everyone else so they could purchase more on the news if they wanted to. Now that the press release was posted, you have your proof. It really shows who people can trust on this board.
As I have said before, I think BBDA is set to take off and with this kind of news along with new distributions coming in, we are gaining traction. I don't think we would have new and continuous distributions like this if the product was not selling.
I received the same e-mail. This is a very large distributor and very good news for BBDA. It is only getting better from what I have seen. BBDA is getting a strong foothold and is really taking off. This is not a company you can make millions overnight with, but with this growth rate, you could get there pretty quick if you play your cards right.
Agreed! Oh, and was it mentioned that the site was back up? It appears that a few changes were made to the site. That kind of blows the misconception that the site was down because of failure to pay or any other claims with no supporting facts.
I think the people that hold their shares and accumulate more will be pleasantly surprised in the months to come. I can see SRGE taking off.
Then my statement stands. You jumped on the same bandwagon as those claiming that SRGE didn't pay its bills. I have also seen more fake newsletters and fake photos claiming that SRGE is a scam. I have seen more substantive information pertaining to SRGE being a real company that is ready to explode.
I am also glad that we can be "Pals" on this board and agree to disagree. That is our freedom and right to form our own opinion on this company. GLTY :)
I am not questioning the facts, I am simply questioning what is stated when sufficient proof is not provided. I believe investors, including myself, deserve honest and sufficient information to make our own judgements. Immediately claiming that the reason the site is down is because they didn't pay, without providing supporting evidence, is not sufficient to really believe. All I am asking for is that if you make such a claim, please provide the information and facts to back it up.
As we have seen in the past, false information was also presented such as the edited photos and falsified documentation. We need to be careful here.
They still own the domain which could be pointed to another hosting provider. You can offer to purchase an existing domain through GoDaddy on any domain that is available but the owner still has the right to refuse or accept the offer.
If that is the case then why don't you post the DNS or any other information here so that people on this board can look it up for themselves? That would provide a little more sustenance to your comments.
We can't make any assumptions about why the site is down until we know the real reasons. Claiming that SRGE's site is down because they could not afford to pay registration and hosting service fees is not substantiated with any facts. Other factors might involve that SRGE has its own server and the server went down. Maybe SRGE has a third party hosting the site for them and something happened, causing the system to drop the site. We don't know and we can't make any assumptions on the matter unless we are provided with the facts.
I am sure most of us would snap at an e-mail like this, be it of legitimate concern, when we are constantly attacked from every direction. It is human nature to become defensive. I would not call BW a jerk based on his response. He is probably tired of people making false accusations without evidence. His response also shows me that he is confident enough to invest every penny of his into this company because he believes in its success.
Agreed. I am so afraid that I am scooping up more shares! The fear I have inside keeps on triggering the "Buy" button.
Everyone should do their DD on SRGE and make their own judgement. I have yet to see substantial, and not altered, information about SRGE that would lead me to think this is just one big scam. Doctored photos and videos were used to scare investors away, all while the DD of Stervc, MoMoRaptor, and others on this board prove this to be a company that is ready to explode.
I agree. The news yesterday was very big IMO. Investors were hyped up for something like you mentioned:
a volcano spewing out unlimited supplies of gold nuggets
That all depends on how much the buyout offer is and how many shares you own. I am picking up as many shares as I can on the dips in hopes that I have enough once a buyout offer is made. Even if a buyout offer is not made, I am ready to hold on to my shares because I believe that SRGE is set to explode.
Based on that estimate of $10Billion in gold and silver and the ability of SRGE to extract that amount, it would put the share value with the current O/S of 843b at around $11.85. This does not include the recent number of shares that have been bought back.
The future share price depends on SRGE's ability to extract the precious metals and at what rate it is extracted. I think the share price will realistically reflect SRGE's profit and income levels along with the reducing number of O/S. However, a buyout offer could potentially reflect the estimated amount of gold and silver remaining in the ground minus estimated extraction costs.
Agreed! Investors see value in the events that are occurring with BBDA. Those that continually try to discredit BBDA obviously have an agenda. If I find a stock that I consider to be a scam, or scandalous, I simply walk away and don't look back. I don't spend any more effort or time trying to "Warn" investors so that I can be some perceived "Savior". I let other investors find out for themselves because it is each investor's responsibility to do their own DD.
I don't think it is too late to buy SRGE. I think this stock is going to soar. The news that came out today was very positive but I have seen this type of movement before in response to positive news as a result of bashing or other actions performed trying to bring the price down. IMO, this is a good accumulation point and still a good entry price, but you also have to make your own rational decision based on your DD of SRGE. Don't purchase or sell on emotion through hype. GLTY
I personally think that the offer would be in excess of $0.20 per share given the current assets, income, and share buyback that has occurred. I would be happy with $0.20 but I believe it will be much higher than that. What are your thoughts?
If you are so certain that the company will fail and the share price will go down, why do you care what other people want to focus on?
That would be very nice! Even a buyout offer would send this stock soaring to the offer price per share based on how I have seen other stocks respond to buyout offers. It would not surprise me if SRGE quickly jumped to the buyout offer to reflect the true value of the stock. If the offer is not accepted, the people making the offering could comeback with an even higher bid.
if we do get a commercial it is going to be one that is played on some late night cable channel where there is not all that much viewership anyways based on a limited budget
I agree. I believe that BW will buy back shares of BBDA to reduce the dilution as he stated before he executes another R/S. I don't believe a R/S would be a bad thing for investors but buying back shares is much more valuable to those holding shares.
I have experienced multiple reverse splits in companies I invest in. Some were not executed properly and the price dropped shortly after. Some initially dropped but soon recovered and gained traction. This occurrence happened more often. In rare cases I have seen the company's share price increase following a reverse split. Perhaps you have had bad experiences or picked the wrong companies to invest in. I am sorry for your losses.
If executed properly, a reverse split will still maintain the overall value. In some cases, a reverse split results in a drop in value after the split but typically recovers shortly after. A higher share price after the split could attract more investors and institutions.
In my evaluation of a company I look at the market cap (Share price times outstanding shares) to determine if the assets plus earnings and other characteristics justify the value. Given BBDA's recent distributions and growing customer base, I expect the next financials to be a share price determination point. If a reverse split is executed in relation to the release of financials, it could alleviate any sudden drop and could spike up considerably to a correct market cap valuation.
Either way, I believe that a R/S or buyback will both have benefits to the stock and investors with BBDA.
MoMoRaptor, You have already done me a great service. I took your advice early on and have already seen my shares more than triple in value. I believe SRGE is going to explode in the coming months and I am holding on to every share I can, even accumulating more as I go. Given the state of our economy and constant money printing, the devaluing of our currency is leading to an increase in the price of gold. Holding on to gold simply retains your value while the currency loses value. What is better than holding on to gold? IMO, It is owning shares in a company that mines gold and profits from the increasing cost of gold. I would rather own a mining company than hold the actual gold myself. I feel I have stumbled on a gold mine (Pun intended) with SRGE. You can't expect this high of returns from an established gold mining stock. I am long on this one!
Very true Garyst. And the more investors that don't look at the big picture and sell on the fear tactics used, the more money the people using fear tactics will make. It is an unethical practice that leads to people making money at the expense of others. I believe that BBDA will take off, especially after the next financials are released. People won't be able to keep up once this thing takes off IMO.
Look at all the overgrowth of plants and vegetation at that SRGE site! I really think SRGE is ready to take off. MM's are attacking SRGE because it is a good company, but long-term investors are the ones that are going to really make out IMO.
Not sure what the news is but if SRGE has this kind of traction without news, I can't imagine what it will do when news hits the market. Hold on to your horses!
A massive sell off did not occur.
You won't be able to save any seats! There aren't going to be any seats left once SRGE takes off. People will be chasing the price all the way up, hoping they had purchased SRGE at the current prices.
Nice pictures. I don't think it could have turned into a tropical rain forest since February if the plant closed down at that time.
And this does not include the decrease in the number of shares as SRGE buys them back, reducing the dilution. I think this is a grand opportunity!
I agree Garyst. Investors should do their own DD and not trust everything that is posted about any particular stock, positive or negative. We should also not feed into the frenzy by selling on panic. I believe that BBDA has huge upside potential. In relation to Monster Energy Drinks, investors that held on when it was a penny stock and did not panic-sell are sitting on millions now. Even if BW is holding information to buy back excess shares, that provides higher upside potential for investors. Many investors don't realize this and could lose out on the rewards later. Eventually though, financials have to be released and I am sure the numbers will reflect the new distributions as being highly successful. BBDA is in a niche market with little competition compared to the energy drink market with its relaxation drinks.
If anything, this pull back is a good opportunity to accumulate more shares.
The reason it is as low as it is now is because panic has set in. The MM's are getting what they want and making money while at the same time the the BBDA tree is shaking off jumpy investors. I believe in BBDA and am excited with the many new distributions coming up. I see this as an opportunity to accumulate more shares because I see this going places. Once financials are released, including the revenue from the new distributions, we should see a major swing in the price that even the MM's can not control.
That definitely does not look like a tropical rain forest as depicted in the edited photos for Cinco Minas. Whoever edited the photos should have probably tried to "Photo-shop" in a collapsed entrance or something more believable.
It is funny how when you look at this "Photoshopped" image of one of the entrances to SRGE's Cinco Minas site, there is a lot of plant growth. It looks like a tropical forest! When you look at the photos on SRGE's site, it does not look like anything can hardly survive there. I would believe the latter because of the hot and dry climate for that region.
Anyone can find some deserted site while carrying a newspaper showing the current date of the issue, take video and pictures of the site, and claim that the site is Cinco Minas. That does not provide adequate proof that SRGE is a fake company. The fact that SRGE management is openly inviting anyone to come down to verify that the site is active leaves me to wonder the legitimacy of the claims against SRGE. If SRGE had something to hide, they would not openly invite investors to come to the site.
This is definitely something to consider when trading any stock. SRGE, along with many other penny (or sub-penny) stocks are very high risk because of the low requirements for filing information in OTC stocks. Based on the information provided, I see SRGE taking off. I could be wrong but I am willing to take that risk. Nobody should invest money they are not willing to lose, especially in these stocks including SRGE IMO.
A good example of a company where nobody could predict was going to collapse is Enron. This company was listed on the major exchanges yet the information released to investors was falsified. It can happen to any stock. So what do you do?
Awesome! More buy-in opportunities.
That was a good opportunity to pick up more shares on the bounce. In this market you definitely should not let emotions get in the way of making the right decision. When you see BBDA drop like that your initial instinct is to sell. Then you look at a company this cheap with actual products that is also growing rapidly, and you decide it is better to take the opportunity to accumulate more. Investor emotions only feed the MMs.
I still think BBDA is a great company and have not seen anything questionable from my DD. I do wish they would release financials including the new distributions to see how much growth BBDA is experiencing, but in due time. I think once the financials are released it should provide a huge swing in the share price.