Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So why are not profitable?? their financial report says they have defaulted loans outstanding judgments and no revenues for basic daily operating expenses.
let's be clear...I'm not holding any interest here...I'm only here to expose this pump group and the failings of this company thus preventing anyone not already vested to think twice and not believe the hype. I hare scammers and that's just wats here. so if anyone shorting it's the very people who are pumping cause they know what the hold..ELED doesn't have the volume or highs for short game...real traders know this..money to be made elsewhere.
Technical mumble jumble...specifics events, good news is what triggers demand..So since we established the company and its financials are poor what's going to trigger the demand? Only people trading this is the pump group and they are hoping their cheering will attract new buyers..yet it has not...this is just a con game being played...continue to play among yourselfs...traders aren't being fooled
What is the warning?? don't buy this stop and expect and gains anytime soon..whatever their intentions in sending a "message" to daytraders is petty at best...what's more concerning is that they issued almost $700k in shares to pay off $300k in debt..now what happens with those 300 million shares they issued..those former debt holders have to get their money...we can't assume they are now going long on the stock they hold...potential yes..homerun no..their actual profits and revenues are unconfirmed..they have pending litigation over shares owed and yes this is the pinks..they could decide to issue more outstanding shares to match their alleged growth or could merge acquire another company and enact a reverse split.
Can't wait to read the next financial report...it's almost like watching an episode of American Greed...ELED rakes up $$$$$$$$$ in debts, unpaid loans and judgements...uses pump group to promote it's failing business and lure in investors.
only emotions I see here is when folks find the need to defend this stock...legit concerns are being raised..however I don't see the debt being gone as the magic pill for the pps increase...if that was the case we would see an increase now based on that potential..in the meantime they could decide to increase the number of outstanding shares..they have thus far shown no real discretion in issuing them still too is the pending litigation over shares owed to Golden State..that should not be ignored as the whole issue is over shares owed and outcome still pending..and regards financials true state is unconfirmed...only people I believe unreservedly with money is my parents..that said potential is here but definitely not a home run sure thing
The PR said it..they issued shares and sold a steal or pocketed some for profit..300million shares almost $700k worth for a $300k...Those debt holders now had shares at twice the value of what was owed..they were now free to do with them as they please..sell off and maybe hold some..as for their day trader comment that was a shot fired...kinda foolish...having any interest in your stock is good..again something is awry here but can't exactly put my finger on it.
Nice explosion..the narratives by this pump group is comedic..."ignore the financials" "ignore the pps"... technical jargon about the bouncing back...they sound stupid but nothing but a stall game as they short and trade among themselves the very stock they're pumping.
this volume is not impatient sellers
Obvious game leaders of fan club playing..shorting the stock among themselves while bagholders wait for pps to rise.
still can't break 1 cent no matter how much smoke being blown
I hold the same logic..the company has decided for whatever reason not to have their financials audited...audited financials would actually add value and make them a good candidate for buyout or other ventures..but they have made the decision not to obviously cause they feel as tho its not in their best interests...Paul has a fiduciary duty to the advancement of the company not investors/traders...so where is the money going only they know..however any discerning person can see things don't add up..
You make a good point..Too many times folks are looking at "potential" instead of asking critical questions as to why things don't add up. I believe they released the 300 million for $690k and used that to pay off investors. Either way things presently doesn't add up.
PPS .0092..can't break 1cent..still lots of bag holders waiting for this big run..PPS is all that matters here.
I wouldn't mind another attack by the short to take some cheapies..any short term gains is nothing in comparison to what we are waiting for.
Thanks you've provided the insight I was looking for..
last quarterly report said total a little over $500k then they subsequently say they reduced $100 & $300k.
Low volume and no buying pressure here cause no one wants to trade on a chitty company nearing bankruptcy being pumped...wait until those next round of financials are released and you see this drop even more...float unknown for no one has a true accounting of who holds what..continue to listen to pump and see your shares wither away with this failing company.
Nothing happening here now and won't for awhile..I'm not bashing for I'm holding shares here..somethings just still don't add up..they got around $690k with the release of 300 million shares....based on the quarterly they should have about $100k in debt left...that's nothing in comparisons to their revenue and profits...so I believe their unaudited financials and the litigation over shares owed to Golden State is what's holding this down..until then we'll see these low 24s which is ridiculous in comparison to other less profitable companies with more debt..when things don't add up there's a reason for it..I haven't yet figured out why with this one.
Current pps very generous when you look at the poor financials...can only imagine what doom and gloom tell..any smart trader would have dumped this when the last pump group sold off..anybody holding is only going to see their value wither away
Question for this board..Once next quarter drop we may see spike in pps but then likely right back down to these .0024s. What will the reasoning be for the low PPS?
Numbers says it all...it doesn't matter who ELED is partnered with..Facts are they are a failing business...
"As shown in the accompanying condensed consolidated financial statements, we had an equity deficit of $14,117,844 and a working capital deficit of $13,934,294 as of March 31, 2017, and have reported net losses of $816,917 and $890,586 for the three months ended March 31, 2017 and 2016, respectively. These factors raise substantial doubt regarding our ability to continue as a going concern."
nice close
I'll let you know my interest...I hate scammers..this pump is only a form of a scam..I have no interest shorting this low volume stock.. $$$$ to be made elsewhere..but since I have a voice I will continue to expose this for what it is warning others not this scheme...there's nothing to hate on here...the company is unsuccessful and this pump session is too..I ll stick around until this finally goes out of business or the SEC shuts it down just to say I told you so.
I suspect someone in that group has actual ties with this company. I don't believe they are all outsiders. Nonetheless shame on anyone who follows them or chooses to invest here now. Especially now that the company and their group has been exposed.
With the knowledge below is this a company anyone would go long on?
"As a result of our lack of available capital we are unable to pay many of our bills and outstanding promissory notes when they become due. While we have not been threatened specifically with litigation, it is impractical to believe or assume that our creditors will not pursue actions against us to collect balances due. Many of these obligations and agreements contain provisions requiring us to pay costs of collection and attorneys’ fees over and above the principal amounts due, which may increase these outstanding balances."
ELED don't pay their debts..
"Some of our debt agreements are due on demand. If demand for payment is made by one or multiple vendors, we would experience a liquidity issue as we do not currently have the funds available to pay off these debts. While we have entered into extensions with several of our lenders, there can be no assurances that any of the lenders will be cooperative or that if they are willing to provide extensions or forbearances, that the terms under which they may be willing to provide them will be favorable to us."
do you see the writing on the wall or really believe in the fluff this pump group is selling?
Rebound!!
looks like another run
That's what doesn't add up here..a little over 1billion outstanding shares puts you at $2.5 mil at current pps..there's a lot more smarter people than here on ihub with a lot more capital...that leads me to believe something is awry..this is not a startup or unknown entity
I see a freefall here
news no bueno
300 mil if averaged at .0023 is $690k. that's twice the principal...even with outstanding interest I'm sure they took some profit there.
positive and heading in the right direction but still confirms assumption of them diluting...
"During the second quarter the Company issued about 300 million shares to debt holders to reduce debt."
So all their debt reduction has been thru dilution and not the revenue incoming..their choice and smart as a company..so how much debt is left? We'll have to wait for August. Nice communication but real financial status unconfirmed until they get audited.
Nobody feeding into this round of BS..The Failings of this company already exposed..the weakness of this pump party even more so..great to see newbies not falling for this pump n dump group...any day now and ELED will be closed for business..the sooner the better to get this toxic business and stock off the market.
company dumping on news..almost to be expected
gotta love a great short day to buy on dips
ELED FACTS:
1. FAILING BUSINESS..MILLIONS IN DEBTS, OUSTANDING JUDGMENTS, AND DEFAULTED LOANS..ELED TAKES ON LOANS AND THEY DON'T REPAY..BANKRUPTCY IS IMMINENT..READ THE FINANCIAL REPORT
2. ELED PREVIOUS RISE WAS DUE TO A PUMP NOT ANYTHING POSITIVE WITH THE COMPANY ITSELF.
3. ELED CURRENT LOW PPS IS DUE TO THE SAME PUMP GROUP DOING A MASSIVE DUMP OFF LEAVING UNTOLD NUMBER IF BAGHOLDERS.
4. THIS PUMP GROUP NOW WANT YOU TO BE BELIEVE YOU ARE STUPID ENOUGH TO BELIEVE THEIR FALSE CLAIMS OF THE FLOAT BEING LOCKED.
5. THEY WANT YOU TO IGNORE ALL THE REDS FLAGS ABOUT THEM AND THIS COMPANY
6. THEY WANT TO CREATE FALSE SENSE OF US AGAINST THEM COMMUNITY.
7. ELED NEEDS YOUR MONEY SO THEY CAN DILUTE..WHY WOULDN'T THEY AS THIS IS THEIR ONLY VIABLE MEANS OF FINANCING...ELED DOESN'T CARE ABOUT SHAREHOLDER VALUE THEY DON'T EVEN PAY THEIR BILLS.
Eventually this company will be shut down either voluntary or involuntarily.
I haven't followed the legal suit but know it's about shares. The implications in being sued is what I believe clouds this presently as a buyout. Ultimately they need to get to the big board to see a real pps jump. That would include having the financials audited. This within itself would add credibility and clear up any speculation on their true value. While patience is key nothing is guaranteed and the company can at any point takes steps that's in their best interests but not so much for shareholders.