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Are you serious?! I was being facetious LMAO!
Wow, never thought of that one! Very clever. You think they'd arrest me if I got caught in the act? Or maybe the car washes are on to such bums and lock the boxes. I'll have to check the local one down the road. I'm open to all suggestions.
Already took all my beer bottles and soda cans in for deposit refund and raised $12 that way. That's 4800 shares.
LOL no problem ;)
But I agree with you, it makes no sense ... at least at first. But I think the reason being ACH'd funds can take two business days to settle, and the broker's not so willing to put their neck on a chopping block for a penny stock whereas they'd consider it for a stock trading at $4.
Also, they're not dummies. It's always best business sense to use (or leverage) OPM for as long as you can. OPM being "other people's money". For example, have 90 day terms with your suppliers but only offer 30 days terms to your best customers. You have a 60 day window of free money to try to grow into more money ... pull money from thin air so to speak.
Banks love to do this when they hold large checks that you deposit that amount to more than you have in your checking account. Some banks will hold the funds for up to 10 business days or 2 weeks, and it doesn't matter on where the funds are being drawn from. It can be a check from the IRS and they'll still tie the funds up. I can see them maybe doing this on a hand written personal check, but come on, a check from an big insurance company or the IRS?!
All banks are a bunch of crooks if you ask me. I don't feel sorry for any of them that have taken a bath over the past year. What goes around comes around in my opinion! Sorry for going off on a tangent BTW.
Go UPDV LOL!
I thought about that too but my Durango only gets 13 miles to the gallon and round trip to my broker is 50 miles. So it would have cost me $15.00 in gas, and another $10 in wear and tear and depreciation, not to mention about 2 hours of my time (that's gotta be worth at least minimum wage) to fight the hideous traffic and poor street systems from northern CT to Springfield Mass. (I'm a cheapskate too remember?)
I made the mistake of thinking my ACH'd funds would be good to use today. I've done it before in the past and never had a problem. But I guess I was buying more expensive stocks. Oh well, live and learn.
Nice finish by the way for both HTOG and UPDV ... all things considered.
I already removed my couch cushions and removed the seats from both cars trying to gather up all the loose change. I even broke my 3 grandkids piggy banks open but promised them that it was just a short term loan and that grandpa would pay them back at least double. They were all balling but they're just too young to appreciate what I did for them, and for greedy grandpa. My wife didn't understand and beat the crap out of me. Please send paramedics.
Investor Hub's quote even shows high of day at .0007. Fat finger entry maybe corrected by broker in my opinion.
Your English is OK. The sentence was just poorly written. The correct grammar would have read "... a very substantially enlarged higher bid ...". Hopefully FFGO corrects this grammatical error.
No. A bid is just an offer to buy at a certain price. It's not a done deal unless the seller accepts the bid.
Who said anything about FFGO being normal? I always look forward to reading the next day's PR. Very entertaining to say the least.
I put just over 4M shares on the pass line, and I'm still waiting for them to roll the point. The point's a 4 and they're not that easy to roll, but sometimes it does and it's the hard way at that. So far a seven hasn't rolled so I'm still OK. Nothing worse than hearing the stickman yell out seven out line away ... pay the don'ts! I'm expecting it but ya never know!
I ACH'd money into my ScotTrade account yesterday and the funds show as in my account, but I can't use any of it till next Wednesday. I just found out that they restrict ACH deposits to purchasing only stocks with prices over $4 per share. I have to wait 3 full business days before I can purchase a stock trading below $4 a share. Last time I ever try to save a $20 wire fee, being cheap may have cost me dearly! I guess I should have read all the fine print LOL!
OK guys and gals, keep the price down and only sell at the bid at least until after Wednesday morning! I want some of these cheapies!!!
Exactly. No need to shoot Jack the messenger. I'd hate to have that poor man's job.
Actually, as bad as UPDV may need a CFO, I'd rather them file a little late from time to time than to put another $250K salaried employee on payroll. I owned a business in the past and always looked at what something cost me from a revenue standpoint. For example, if I was netting 8% on the bottom line, to net an additional $250,000 I would need to increase revenues by $3,125,000. Sometimes increasing revenues isn't that easy. Much easier said than done.
On paper you do or if you actually sell. Otherwise you haven't lost a dime. After the weak hands fold new players will step in to run this back up. It's just a matter of time.
Actually I would love it if they take the price below $0.001 because I'd throw another $10K at this. The price now will be looked back on as a gift to anyone still here 6 months from now.
Think about it. Say UPDV was diluted to 2B shares outstanding right now (which they aren't), at the current price that's a market cap of just over $4M. There are garbage O&G stocks out there now on the OTCBB with market caps over $15M that have zero revenues and zero current production. Here at least, we have a real company doing over $70M in revenues and with real current production! The share price will take care of itself over time, Kamal just needs to keep moving forward and executing on his plans. He has a lot at stake in this too and I'm sure he'd like a nice return on his investment.
My opinions.
Thanks Rudy for the info.
Yes there is. If an OTCBB company files late three times, they lose their BB status and get relegated to the pinks. Not sure what the timeframe is though (3 times a year?, 3 times per symbol?, I don't know), need to research that. Anyone else here have the answer to that with a link?
I'm expecting the stock price to drop at least 20% the day the 10Q comes out, only because nothing UPDV reports will make it's investors happy (but maybe a handful, myself included). Most people are too impatient to let a company evolve. They expect things to happen overnight, and that's just not the case.
I owned a business for 21 years until I sold it in 2005, and trying to grow that business was very difficult to get anything accomplished in 5 years, let alone a few months. In fact, I kept dumping money into it for the first 6 years until I was in a position to start drawing something out. It wasn't until about the 10th year that it got to the point where it more or less ran itself, without me having to be in the office every day.
But the first 7 or 8 years it was a lot of blood, sweat, tears, money, and 70 hour work weeks for basically no paycheck. But as it ended up, it was all worth it as I was able to support my family and put my kids through private schools from Grade 1 through college. I had a lot of naysayers in the early years of my business telling me to throw in the towel because it wasn't worth it. But I'm happy today that I didn't listen to them.
Too all the unhappy UPDV investors who just can't take it any more, please sell it all and get on with your life. Nothing's worth putting yourself through such agony and misery especially if you feel that there is no hope. As for myself, I still see a glimmer of hope and realize what this company is going through. It's not as easy as most think.
And to those who sold UPDV shares at a huge loss in the past but remain here day in and day out only to remind everyone what a crappy company this is, step away from the computer and spend the time that you free up as quality time with your spouse or children, or your friends if you’re single. Life’s just too short to live such a bitter life.
Same here slob. The good thing though about these shake downs is that it gets rid of a lot of the weak hands. They're usually the first ones to bail out on someone's ridiculously low bid taking the SP and us down along with them.
I already made up my mind that I won't sell a single share under 1.5 cents, and when I do it will be around a third of my UPDV holdings. The next third I will hold out for 20 cents a share, and the final third 50 cents. I feel pretty confident that I will be able to get these prices assuming they keep the OS under 2B outstanding shares and they continue to execute as they have been over the past year or so. I'm prepared to wait 3 to 5 years if I have to.
I tried to warn you all that over the past 11 years they filed the this quarter late 8 times. This makes 9. This is typical of UPDV. I don't particularly care for them filing late most of the time but what ya gonna do!
So, once again wiring more cash into my broker account. At the rate this has been diving I may be able to beat my best price of $0.0018 per share. Not worried though as I don't mind accumulating more. I may be able to get my average cost down to around $0.003 or better. In the high 4's now. Haven't caved into the fear though. Still long and strong 4M shares. Won't be adding any more until I get to read the filing (unless they make me an offer I can't refuse like $0.0015 or less).
We understand that there's more than gross revenues. But net earnings (which has been increasing for the past 4 quarters) already takes into consideration all expenses.
Because there's that middle guy, the market maker. Sometimes they're adding shares to their own inventories.
Put it this way sukh ... SEC filings are "supposed" to be truthful as there are consequences for lying. But tax returns filed with the IRS are "supposed" to be truthful too as there are consequences for lying. The thing is, people lie sometimes in hopes that they won't get caught. Sometimes they manage to slip through the cracks, but sometimes they get busted.
The SEC warns as follows:
"Caution: By law, the reports that companies file with the SEC must be truthful and complete, presenting the facts investors find important in making decisions to buy, hold, or sell a security. But the SEC cannot guarantee the accuracy of the reports companies file. Some dishonest companies break the law and file false reports. Every year, the SEC brings enforcement actions against companies who've "cooked their books" or failed to provide important information to investors. Read SEC filings — and all other information — with a questioning and critical mind."
http://www.sec.gov/investor/pubs/microcapstock.htm
I'm riding free shares too. And every time that I go to a casino I either win or break even. It's funny how it always works out that way.
But seriously, if you can't make money on the predictable way that FFGO has been trading and with the volume, you might as well give up because it doesn't get any easier.
I love ATM plays like this. They really don't come around that often.
You got that right Jimbo.
It is. It stands for "Gold Company to be announced".
So what Jim? It's not the first time they got an E added, and probably won't be their last time. That E is scheduled for the 22nd. If they file tomorrow it's a moot point. And even if they don't it's not the end of the world, as the SEC gives them a pretty big window of time to get current before being delisted.
You're going to have to try a lot harder than that to get me to sell my shares to you cheap. However, I have 2M that you can have for 1.6 cents each, and another 1M for 25 cents each, and finally 1M for 50 cents each if you're interested. These are the best prices that I can offer you at this time.
Exactly Tina. This stock is a virtual ATM machine for me. Loving it. I can keep withdrawing from it but I never have to fund it ... other people do it for me. And this will continue until the volume dries up.
I don't really give a rat's behind about the inner workings of FFGO ... things like Santini and/or Lumb are or are not crooks, the large number of shares outstanding or authorized, what assets this company may or may not own, past scams, present scams, future scams, dividend or no dividend, etc., etc.
I'm only concerned about buying low and selling higher and adding to my position of shares that technically haven't cost me a dime … shares from thin air so to speak (it’s a beautiful thing).
That said, I feel Santini is out to prove something to the naysayers this time. Yeah, maybe before he was the boy who cried "Wolf" when there wasn't one, but maybe this time there IS one lurking about. So I'll hang around to find out. I have nothing to lose but possibly something to gain.
Same here. The bashers would love to have people believe that UPDV is of no value, but that's simply not the case. UPDV's a holding company, and since they've acquired each of them their holdings have been improving exponentially. What more can UPDV ask for (well, except for just more!). One day this value will be reflected in the share price. The bottom line is that it's very difficult to put a price tag on a company that is not yet profitable as investors are missing the most important metric ... that being earnings or the "E" in P/E.
I have no worries. It's best for people who don't have the stomach for volatility to just step away from the ticker and maybe just check back in once a month or so. It'll take away a lot of the daily drama. This stock will still be here when they check back.
My opinion.
LOL! There you go! Same here. I prefer to go with the one that best suits my interests.
Exactly, the market makers really don't care which direction a stock price is heading. They make money on each trade regardless. But they make nothing if there are no trades. So it's in their best interest to create a buying or selling environment thus they manipulate the prices accordingly to induce either fear or greed. The more fear or greed, the more trades, the more money in their pocket. That's it in a nutshell. Right now they're lining their pockets with investor's fear, next they’ll be doing it on investor's greed. Learn to play the game with them. That's why I sell into strength and buy into weakness. Many disagree with this style and say "Don't fight the tape, go with the flow or momentum" ... I disagree, but to each their own.
My opinions.
Same here, never owned HTOG, and never plan to. I've always said that UPDV will be the better play when it's all said and done. I have a nice core position of UPDV that I plan to hold come hell or high water ... and I RARELY hold any penny stock for more than a couple months (nor do I ever recommend anyone to as most never amount to anything).
But I've done my DD and UPDV's a real business ... just hurting for free positive cash flow just like 75% of every other company out there. Things look bleak now, but it's always darkest before the storm. Eventually the storm will pass and the sun will shine once again.
I refuse to give my shares away to the MM's for anything less than 1.5 cents per, but my core position I'm holding out for at least 25 cents each, and 50 cents each for the remainder of them. I'm confident I'll get those prices and I’m willing to wait as long as it takes, 1, 3, 5 years who cares, at 25 cents it's a cool million bucks for me. That will make up for a hell of a lot of short term paper losses along the way.
Take it down more, I'll still be a buyer. Would love to get my average cost down below $0.003.
My opinions.
Do like I've learned to do from past experience and quit wearing one ... never lost the shirt off my back since.
My opinions
The best price I got so far for UPDV was $0.0018 per share, but that was over a month ago. Would love to pick up some more cheapies if they take it down that far or lower. I'll wait a little until after the filing and see where it looks like it's settling before I load up more. Taking shares from the impatient weak hands for pennies on the dollar is like taking candy from a baby. People giving away their shares today will painfully regret it as this company moves forward over the next 12 months. Mark this post.
August 20, 2008 UPDV $0.0027
August 20, 2009 UPDV $?.??
My opinions
But according to this EDGAR filing website they have until today to file.
http://www.tntfilings.com/edgar/edgar_deadlines.asp
It looks like they have until 5:30 PM Eastern time to file and still get today’s date on the SEC document. But it may take a little more time for EDGAR to post it.
http://www.secfile.net/file_process.htm
“ … The current EDGAR system hours of operation for submitting EDGARized documents electronically are 6:00 a.m.-10:00 p.m. Eastern Time, weekdays, excluding Federal holidays. Files submitted and accepted by EDGAR before 5:30 p.m. Eastern Time will have the current business day's date. Section 16 filings as well as certain other filings will have the current business day's date if submitted and accepted by 10:00 p.m. Eastern …”
I'm an optimist. So, I prefer to say that though a quitter can never win, they can never lose either.
Check your personal mailbox pway. I sent you a private reply.
I do. The numbers are vastly improved over same period 2007. In my opinion, if they keep executing like this it's just a matter of a few quarters to positive net earnings. As I stated in my previous post, CNFU closed a gap in 6 months net earnings by $51.6M. From negative $53.5M first 6 months 2007, to negative $1.9M first 6 months 2008. Those are blowout numbers!
Stated another way, second quarter 2008 CNFU revenues increased 532% over the same quarter last year, and increased 149% from the previous quarter this year (quarter ending March 31, 2008). In my opinion, that's fantastic growth in revenues. Not to mention a $51.6M improvement in YTD net earnings from the same period last year.
Overall, not too shabby. Still not all roses to be fair (still in technical default with Sheridan, etc.), but the numbers could have been a lot worse. I'm happy with CNFU's filing. Now for UPDV's ...
A mess eh Jim? Net loss first 6 months 2008 $1.9M (19 cents per share) vs. a net loss of $53.5M ($8.26 per share) first 6 months of 2007. You don't see the improvement do you? LMAO!
Volume pretty pathetic today, but still up volume about twice that of down volume yet the SP is down. Gotta love the games.
http://ih.advfn.com/p.php?pid=trades&cb=1219172831&symbol=NB^UPDV&java_vm=sun&java_vm_ver=1.4.2&fp=9.0.124