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"Check's in the mail" status still remains on the preferred shares? You don't say. It's a wonder people keep buying this stock with nothing PVEC says coming true! Setiously, what was everyone's DD that led them to believe this was a good play for the long run? I only got into this to flip it before the date for the gift shares. I got in at .0006, my target was .0009, but that was before they diluted the piss out of this stock! Almost 6 billion shares have traded since the gift shares were announced! That's not a fake wall on ask. I hope DTC puts a permanent chill in this one soon!
As far as statements that haven't come true. Let's start with the TNKE contract. There is no evidence or proof that it will bring the company money. Then we'll talk about a company that was committed to lowering the share float to below 300,000,000 a few months ago, that turn around after a small share buyback and DUMPS BILLIONS OF NEW SHARES ON THE MARKET. In Jason's last radio message, he carefully sidestepped that question(and most of them actually with half-answeres and non-answers) about O/S and float. And, jury is still out on if anyone actually gets the preferred shares! I'm chalking that one up to a lie as long as the status remains,"In the mail." That's just the stuff from recent history. Should I start on the garbage from last year and prior that's on the header of this board that never came true?
Announced June 25th, 2013 to begin operations this Summer 2013
Ionian Queen
Announced June 27th, 2013 to begin operations this Fall 2013
The company has stated a lot of things, THAT HAVEN'T COME true! And if I read between the lines correctly, Jason said something about a r/s criticism, but never said they wouldn't r/s. I've seen the pr from November, but I just don't believe it. Too many things are falling into place that make this look like a r/s. I'm a betting man. My (worthless and non-existent) preferred shares say this r/s by September? You don't even have to wager anything. I'm that confident about a r/s(and in the fact we're probably NEVER getting preferred shares!)
MM's playing a lot of games, and then there's yet another after hours t-trade. They caught me in a 100 paint at .0085 today. My broker thanks you for making them money today for no gain on my part! Me, I'm kind of pissed, but I'm hopeful this will rebound, unmolested, soon.
What's with the infinite .0055 stack? BKRT, always the diluter! How many share's are there? 100,000? 1,000,000? Keeps showing 10K but more are trading.
Remember this about a r/s. Here's how you lose big! If you invested $10,000 at the run of .0005 you have 20m shares. Then it goes to no bid x .0001. Now your investment is worth $2,000. Let say it r/s 1:200(minimum r/s in a situation like this, and as much as 1:500) So now you have 100,000 shares. With this number of shares and investment you need the pps to rise to 10 cents for a break even. The market will open post r/s at a MAXIMUM of 2 cents(.0001x200). And post r/s new investors aren't likely to jump on board right away in a stock that just screwed it's shareholders. So the MM's will open it at a penny or less to stimulate trading. There's an awful lot more ticks between .0100-.10 than there is between .0001-.0005. So at best, all of you that think you're going to pay off your mortgage on this one when it runs to .20, you're in for something else! In this scenario, the best you get when it runs to .20 is double, and there's not a lot of chance of it happening by September unless it r/s more than the 1:200 i laid out. If they are determined to be .20 by September 17th it'll need to be a 1:2,000 split! I don't want to even think about how tragic that math ends up....
This could be the problem with ELRA running right now...
HOLY SHORT BATMAN!
Short Interest in ELRA
I just want to highlight some of the words from your link:
-Quality ship management
-Zeus Travel, the premier online travel site to book trips
-PVEC STOCK IS MOVING HIGHER OUT OF ALL TIME LOWS ON VERY LARGE VOLUME.
-The potential profits of this enterprise are in excess of $100 million dollars and they have formed several,privately held subsidiaries of PVEC to take advantage of these opportunities
As far as quality ship management, didn't they have permits not issued in the past for ships that were not seaworthy?(Serious question, I've heard this on the rumor mill, and would like clarification.)
Zeus Travel.....A premier online....wait...premier? Has anyone been there? It's a wordpress blog used as a travel site, and it gives firefox an "unsecure site" warning. Would you buy a $1000+ dollar vacation on a site that gives security warnings?
PVEC stock is moving on very large volume alright! Higher....?Best hopes in future!
They have formed subsidieries for the Bahama's opportunities? Someone enlighten me please?
But bid at .0002! So I guess that means....oh...you don't say .0003x.0004 will be back for the 10th day in a row! What I'm worried about on the 20 day chart is watching the 4 spikes gradually disapear. I think the market has had about all the 4's it can stomach. Sustained run of .0002x.0003 coming to a theatre near you, as soon as today, maybe!
NITE's been squeezing this one hard for days! Leave it alone, and let it run! Go ELRA!
Some thing bothering me about PVEC:
I would like to start by thanking Jason at PVEC for taking time to write an update last night on what's going on. There was some good info in their, but in general non-answers and misdirection. And as ahall has pointed out, there is a it of elitism going on, and every shareholder is important! I'll start by highlighting my thoughts right down the list of "answer."
1.)Partial answer, with no details
2.)Partial answer
3.)Interesting answer that's easy to use after the 2 weeks of everyone else knowing
4.)Fair answer.
5.)Big non-answer! No mention of actually owning the Delphin, and maybe an implication they don't own any ships YET, but will soon.
6.)No offense, but it's no Travelocity or Orbitz, but beauty is in the eye of the beholder.
7.)Jury is still out on whether the company should have died before tons of new investors got in. I reserve judgement on this one for September 17th.
8.)ahall has already touched on this one, and I agree. Don't shun the shareholders just because you are one of the largest.
Also not numbered is a misdirection about the O/S and float. If by "released recently" he means before the A/S was raised twice, then correct. This is a VERY big deal for future investors. Pretty sure they don't want to scare the crap out of us with O/S=7.75B Float=5B. The rest is all fluff and not worth mentioning. But personally, I came away with more questions than answers, which brings me to a question posted here yesterday.
Why is an OPINION stickied on top of the board?
Look at NITE holding both axes like the jack of hearts. He's really trying to squeeze both end's of the market!
.05 by week's end! We're on a nice run here, and think it's going to take us back to 5 cents! GO ELRA!
Only one way to go from up! Up and out! I'm guessing we might see another PR this week, and we'll be back up above 2 pennies in no time! Nice big buy at the end of the day!
Go ELRA! Run baby Run!
The 911 that came in at the end of trading usually means a large share trade coming. I'm surprised it didn't happen as a t-trade after close. I'd bet good money that first thing in the morning, either before market open, or within an hour and a half of open, you are going to see a 25-250M trade. If I were to make a sportsbook type line:
-150:Yes, there will be a massive trade by 11:05AM
+120:No, there will be no massive trade by 11:05AM
There are few reasons for new investors to jump on board. Just because the price has(almost) bottomed out, their's no actual news of substance sustaining it. Maybe once we either get our prefered shares, or when the company let's us know what's going on, new investors will jump. The few trades that are happening now are likely consolidation, and not many(if any) new investors.
A post everyone can see, and not just the 6 people that have prefered access to a board for PUBLIC INVESTORS! Something just seems rotten when a company intentionally restricts access to viewing posts without signing up for another useless message board account I'll never use. Transparent as a brick wall! It doesn't cost anything to put out a small PR clarifying common questions on your company message board!
Market is still trying to work through the 250M that we're dumped on Thursday during this period where no one is really buying, since everyone that wants in, is pretty much already in. And without any PR, or news of substance since the "gift" was announced, no one new will jump on board with the hundreds of millions, if not billions of fresh shares being dropped into the system.
All it means is people getting the most out of every penny. @ .0003 a 9 reminder is a multiple. When I want a million, I buy a million. I don't quibble over pennies with the kind of volatility in penny stocks, but some people do. And BTW... next time you see 911 watch what happens in the next 15 minutes. My experience says it mean "big trade coming". In PVEC I've noticed it preceding 25M+ trades. If by news you mean share dump... then yes!
That still didn't answer all the questions. The pdfs don't link here and I haven't seen a pdf attached to any of the news release I've seen. And the idea of the record date is still in question to brokers. We will just have to wait and see if we all get paid. The press release on Mar 3 also doesn't make determining the answer any easier because it talks about March 18th.
I believe we are in for a big week(s)! BCST only has one direction to go!
Transparent as a brick wall! Why would a company start making their posts private on a company investor message board? They claim they don't want information misused by party's that are against the company. I can understand that. A lot of information has been misused on this very board! However, what I can not understand is censoring information about the company except to the elite half dozen people that make represent 99% of the posts on the board? Shouldn't they want to clear up the information to potential investors, and not just pander to the same handful of people that are already in for the long haul? For a company that has claimed to be becoming "fully transparent" this doesn't strike a great deal of confidence. These same motives kept them from posting at all the week before when people were waiting for any info they could get on the "gift" shares.(Which by the way...STILL WAITING TO CONFIRM ANYONE HAS/WILL GET THEM!)
Which also brings up a more troubling point. If the company can't silence some nay sayers, some with legitimate questions, how can they achieve big deals? Rather than doing what most companies do, and spin, spin, spin the truth, or lie, they hide and feel persecuted. This is a PUBLICLY TRADED COMPANY. In other words, YOU CAN'T HIDE FROM YOUR PUBLIC. We're not looking for a lot here. But at least some amount of PR confirming that preferred shares are well underway to being sent, and that everything is under control. Instead, what little info we get out of this company is now coming second hand through fans and stock holders. Instead, what little we have is the company attacking certain people and criticisms rather than actually answer criticism with fact.
All these things coupled with the BILLIONS of shares that have traded in the past few weeks, in a stock with a supposed float below 500M, leads me to draw some very disturbing conclusions(disclaimer:from here down is ALL opinion and should be taken as such.) The company has dumped a flood of shares onto the market in the last two weeks, and when it bottoms out at .0001, it'll reverse split. It's the only way a company like this will be able to afford to pay out the 1:175 Preferred Shares. My guess would be a 1:200 R/S is in the works to cover it.(Anyone's guess whether they decide to R/S the Preferred Shares as well.) The better question, if I'm right, is if Peter, or anyone making decisions actually has majority control? Wouldn't it be something to find out that all of us holding any amount of shares, are actually the one's in control of the company at this point due to dilution? If MM's had put up the hundreds of millions as a wall a few days, I may have believed it was artificial. I'm pretty sure those were all very real, very fresh shares(with 2 A/S increases in the past 2 weeks.)
All that said, I wish PVEC, it's team and shareholders the best. I want to believe they have investor's best interests in mind, but with so many negative coincidences coming to light, it's hard to keep believing that everything is ok.
Totally agreed. I play penny stocks like I play sports betting. No more than a few hundred dollars into a stock I think might double or better. Turned a $300 investment into $6000 this month, and turned $300 into 150 this month. Just gotta hope you come out on top! Go ELRA! It might dip as far as a penny, but it's not going subpenny. We've got a good shot here!
What happened to volume? Bid/Ask are both camped hard. This may be the end of the ride, and sinking to .0001x.0002 fast. Would love to see my Prefered Certs, even if they end up being worthless!
I think this has bottomed out! I'm in as of today. GO ELRA!
BCST seems undervalued. Just bought in today. Looks like big things are in the works, and this baby has bottomed out!
My shares were sitting on the axe twice today with more shares than I was holding bought. And yet only small amounts of my shares traded. I swear my broker is just trying to screw me out of an already small profit VPRO!
DTC Chill? I just attempted to buy 1M at .0003 and I was prompted by a DTC Chill? True, or my broker messing with me?
Bought at .0185, sold at .0195 thinking I would buy back when it slid again, and then it started it's run up. Now I wana cry from the huge profit I gave up! Keep up the good stuff CBGI!
Enjoy the r/s I'm out for now.
Agreed about the dilution. With such little info on the company to work from, let me illustrate what is likely to happen with the companies own words, and with what we've seen over the past week.
November 12, 2013
Let me assure you that the Company has NO intention of diluting shareholders...
...740 Million shares are currently in the trade-able float, available to the general public.
The Company would further like to advise its shareholders that a Reverse Split of the Company’s shares is not being contemplated, planned or proposed anytime within the next
2 years.
Effective January 14, 2014, the company has successfully completed the collection and return of 499,998,000 shares of its common stock back to the company treasury for cancellation.
Our share structure as of today is as follows:
Authorized: 5,594,000,000
Outstanding: 4,028,505,050
Active: 2,110,679,152
...tradable shares will be 736,992,152...
...we consider a minimum of 40% of the current tradable shares, (294,796,861) to be in shareholders hands being held long and not regularly being traded. This presents a tangible, liquid, trading-float of 479,044,899.
Our intention is to bring the trading float as low as possible (Below 300,000,000).
HOLY SHORT! 91%!! http://shortanalytics.com/getshortchart.php?tsymbol=evph
PVEC, the next episode of American Greed!
Apparently from my own thoughts. I was quoting something I had read about the company somewhere, but now I can't find it. I'm a big enough man to admit, I WAS WRONG! However, the current info on the share structure is now posted at the top of this board. I'm in the process of updating it in what looks like the first time in 2 years! Share structure, and contact info are way out of date, as are the news posts. And I encourage negative information about the company to add. I'm not here to make a mountain out of a mole hill and think this is the next great stock heading for the $1.00 mark. But after my DD, I think there is some profit to be made by the end of 2014. 1 penny now, .10 in 6 months! That's my prediction.
Why I think we're headed for a reverse split. I don't want to be all doom and gloom. I've got money in here too. But there are many troubling things that can not be ignored.
Before I get started, this is my opinion, and I have no foreknowledge of what's to come with PVEC.
The company has said it's committed to retiring shares, and did so earlier this year, only to turn around and increase the number of authorized shares to 7b. We've seen billions of shares trade hands this week, and trade down. A stock with billions of shares is going to trade low, and their are a lot of hands in the pot pulling different directions(shorts, longs, MM's, day flippers.) But with such volume on a hot stock it should have only gone up this week. The only reason I can see for it to go down and stay down all week, is the MM's know there's more shares trading than the 2b we've been led to believe is out there. They're driving the price down to get the massive influx to sell off. If it had only been 2 or 3 days this week, I might have believed it was an artificial wall. However, after a solid week of trading down, it's REAL! And, the company's attitude of going silent to avoid a fight doesn't instill confidence in me that they have that it takes to get the job done. If they can't quite some nay-sayers during a time when their stock should have gone through the roof, how are they going to negotiate those tough contracts? Which brings me to another point, of where's the influx of cash? The company certainly has some assets. But nothing that can currently deliver millions of dollars of badly needed revenue.
Some have said,"There's companies trading with 50-60b float on pinks". That's true, but do they ever get up an our of the triple 0 range? Not for long, if ever. For a stock to run up to pennies, and stay their, it's got to have a volume relative to it's price. You can't have a company on it's way up being pulled in 3000 directions by various shareholders. For everyone that believes PVEC will run to the pennies, IT PROBABLY WILL! But, it comes at a price.... For PVEC to run to pennies, the number of shares need to be reduced DRAMATICALLY. There's only 2 ways to do that. Buyback, and reverse split. The company would have to land that $250 million contract(which by the way, isn't all that likely since it was supposed to be inked in January and never saw the light of day) and have most of it be profit to buy all the shares, I suspect are in circulation, back.
The other option which most OTC Pinks take is the good ole' reverse split. For those of you who say it doesn't change the value of a stock, you must have never watched a pink split before, and I'll show you the math of what you COULD lose. I'll use a worse case scenario. Let's assume someone bought in 1m shares during the run at .0005, the stock runs down to .0001, and then splits 1:100(which is quite likely for a stock of this price.)
.0005x1,000,000=$500
.0001x1,000,000=$100
1000000/100=10,000
.0001x100=0.01
500/10,000=$0.05
So in the end, you see we need it to go past 5 cents, and hold it's value just to break even. And the way it would run after the split would first likely open at .01. And running from .0001 to .0005, is a lot closer together than .01 and .05. And the reality is, after a r/s it usually drops. Sorry for such a long post, but I wanted to clear up some questions, misconceptions, and where my motives are coming from.
I also want to believe Kerry, Jason, and Peter really are working hard for the benefit of the company, and the shareholders. I'm not bashing them, and I wish them the best. I hope they really have "righted this ship", but so far, it only looks to be sinking fasted due to the weight of all the bag holders that jumped on board this week! BON VOYAGE! Here's to clear sailing, and praying to god I'm wrong!(I'm in this thing at .0006!)
No there's no info on reverse split. But think logically about a stock with 2-7 billion shares active. They either have to do share buyback(not f'ing likely) or do a reverse split. The stock can't survive forever at these levels. Mark my words. Within 3 months this will reverse split in the order of 1:10 or even.... gasp...1:100. I would bet that's what the preferred shares are meant to offset. This is all opinion and theory, but it's the most likely course. The "gift" will be your profit, since your stock will go from being worth $1000's to $10's. I am a shareholder, and I hate to spread gloom and doom, but the amount of shares trading down during a divy week, tells me all I need to know a out getting out of my common shares first thing Monday, before they run to .0001 and reverse split. I hope I'm wrong for everyone's sake, but I think everyone that will ever want in on this have bought. There are no more bag holders to be had. Good luck all!
There WILL be a massive sell off Monday. No one is going to hold long enough for the reverse split that'll be coming soon!
I wanted to make the point though that I've seen these during the regular day trading every time a big block was sold. If 911 was news coming, than the MM's have thought news was coming almost every time a big block is sold at any time. I've spend most of my life figuring gambling and sports odds, and am fairly new to stocks, but I've spend a lot of times recognizing betting paterns and the meaning behind putting up a particular line, and I can say with near certainty that 911 means, "Big incoming share dump." Speaking of sports odds, I'll lay these odds out there on PVEC.
Will PVEC actually distribute prefered shares to most shareholders as promised?
Yes:-110
No:+105
Will PVEC prefered shares be easily redeemable for the price promised come September?
Yes:+135
No:-115
Is PVEC actually a scam?
Yes:-105
No:-105
Buyers and sellers coming to the table! The trades may be few and far between, but the prices and number of shares on level 2 are finally looking good! You don't have to buy much to have a major stake in the company with only 1.7M Float!
911 MM signal means a big stock dump is incoming. It's been speculated that it means news coming. However I've been watching this stock for more than a week now, and every time there is a 20 mil + transaction, it's almost always preceded by a 911 trade about 2-5 minutes before it. Today it was preceding the big dumps in after market.