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Not according to some recent actions. The SEC prosecutes microcap fraud all the time. Here is a recent case recent case link
The offices over in Rockville, MD do the investigations on insider trading and stock manipulation. Do you remember that short squeeze from a few years ago where stock went from .0001 to $20 a share in no time before the SEC shutdown the company ? They investigated that from Rockville, Maryland
This what I don't understand. People say the company is fake, etc. It is right in the back yard of SEC/Finra, etc. The company has been operational for years. I don't think would do something to make him liable to securities fraud, after all there is no statue of limitations on securities fraud. He is in the same county where Finra is located (Montgomery County, MD). The account of the company is legit and checks out, been in the business for years.
Would you think it would be a scam if Mr Pope was interviewed by CNN Dr Sanjay Gupta on a Weed Special 2, that could come out anyday ?
cnn weed
Don't you believe in the 3 year plan that Mr Pope articulated ? The other things about the joint ventures the target of 30 cents a share ? The stock buyback ? The stock getting out of DTC chill soon. As a matter fact it is out of chill information is available about the share structure. There were huge orders today buying up this stock bigtime. The hot money will be back then you can rip the cord and make a profit.
Buy some more. That way when it goes back up you will have more of a gain. This stock is a flippers dream. If you go back you will see it has cycles. I got my 300,000 this morning at .007, it took 19 minutes to execute.
Maybe he is using his retirement account. When he left another cult popular stock the pps has not closed above .0050 for a while. Dead money. The best thing that could happen to keep the manipulators at by is FDA approval.
Wrong city. He is in Silver Spring Maryland. I drove by his house. He can see on this profile location
People have been trained via bad experience to take a profit in OTC asap. There are some books written by the bears that have this famous quote "In May go away".
Of course the stock is being heavily shorted. With these sub penny stocks it comes to pure luck/gambling. I did not pull the trigger when it hit .0073, thought it would go to at least a penny. After that I have been locking in my gains. I have the other sub pennies crater a few weeks after I sold them. This one is a good trading vehicle. It has its pumps and dumps.
Buy order for another 300,000 shares did not get filled today I tried to purchase some more at .0007 bottom bargain price. Never went back to .0007. Looks like we hit a bottom.
Nice move upward. Wish I got more shares when it was lower. This stock a the potential of going over a penny the float is low.
Nice move upward. Wish I got more shares when it was lower. This stock a the potential of going over a penny the float is low.
Whales are coming back soon. Make sure you get your shares while they are cheap. If you look at the number of trades it is very low compared to a few weeks ago when the price was much higher. Once the buyers come back the price will skyrocket again. Folks we are going to at least multiple pennies. Mr Pope target is .30 a share. I sold the Russian stock market on Wednesday and the cash finally cleared tonight for a Monday's purchase of more IJJP.
Simple reason for selloffs April 15 is just around the corner. People are selling to pay for taxes. If you go back in history many otc stocks selloff before tax day. Big selling hits in March and early April.
I am sure you took advantage of the buying opportunity when it hit .001 last week. It bounced very hard to .002 in no time. Just some consolidation now like this past fall then up up and away we go as the price heads higher.
Hang in there, your target of .04 a share will be here sooner than your realize.
Excellent news. I see it has been finally put on the otcmarkets site. otcmarkets post
This is the best piece of news I have seen in a while. It is major major. Long term investors will be rewarded for the patience. I have tried this product and 2 competitors. This is by far the best tasting product. Can't wait until I see it on sale at Sam's club. I know a lot of people contacted Vanis about stock buyback and it looks like he listened.
Heres another piece of breaking news: In the upcoming weeks and months, you will notice our share structure changing. More specifically, you will see our outstanding shares and float decreasing as shares are returned to the treasury of our company.
Ok thanks for the info. I will buy at .0010 and see how it goes. After all we are in the land of sub penny stocks.
It seems to be a rolling stock with lots of cycles. I remember in Jan when the approval did not come thru it sold off down to .0004.
Looks like real products to me You can order their products of the site products
Do you all think we hit bottom ? I tried to pick this stock up .0010 almost 2 months ago. Looks like it had a nice rally then selloff. I don't up the bid because with these sub pennies they seem to selloff and over correct on the downside.
VitaminFIZZ has the best taste when compared to the brand in Cosco and sparkling ice. Once people taste it they will switch to VitaminFIZZ, imho. We did a taste taste at work to compare the brands.
I thought I saw a post on this board that it was April 9, 2015 ?
Got some more shares on sales today at .001 Excellent bargain and they close up 38% in day just amazing. I believe we will head back to .0073 and higher to penny and above.
The stock is doing the opposite of what the bulls that it was do. People thought it was the golden cross, it is turning out to be the death cross. It seems like that everyone who got in Dec 2014 is liquidating their positions now. Accumulation is not increasing. The stock is not getting new investors.
The only thing that will help the stock is massive sales/revenue to pay down the debt and make a profit, buy back shares. If you are investing in this company you are using faith in the management to execute a good business model.
It is interesting to see how bad the selloff was the other day down 48.5% in one day. Not sure what to believe anymore especially after the news about the reverse stock split came out then got retracted on the Nevada site. That really unnerved investors. I bought my at .0014 and watched it go to .00730 only to see it go back down again. Seems like the hot money flash pan crowd is gone. Some things that people will be looking for
1. Getting out of DTC chill.
2. Getting the TA to be ungagged.
We will have to see if there is a press release saying the 300 million share buyback is completed.
250,000 shares. This time when I click the sell order I made sure to click the button that says sell everything at once. I made a mistake on another popular stock and missed out selling the shares before it crashed from a little over a penny. The trade took about 16 minutes to execute. I put the sell order in as an experiment to see if the whole thing sells get executed when I click sell all or don't fill the order. The price dipped back down to .0023 then it went to .0026 again and my order executed. Makes a big difference when you sell into the strength. Unlike the other stock which is on down ticks everyday. The good thing about this stock is that the outstanding shares is low. Hopefully the approval comes out soon so it hits a penny. If not probably will selloff again like it did in Jan then I can pick it up again. Another very popular sub penny stock that I have had a 48% selloff the other day (I was up 400% at one time back in Feb 2015), so you can understand why I am was to ready to pull the trigger this time.
I love these sub pennies it is like years of trading are compressed in a few weeks or months.
The last 15 minutes was amazing. My office-mates thought it would take a few weeks to get .0030. One got their target price sell order in to be executed before the market closed. He bought at .0010 a couple of weeks ago.
Got a nice profit for holding for 2 months. I bought at .0004 on 1/14/2015 and sold at .0026 today. Could not resist pulling the trigger to capture the profit, especially seeing how some of other popular otc pinkies got hit this week. I noticed that it was trading back and forth between .0004 to .0008 for a while then went to .0015 and back down again.
Key statements in 10-Q, depending on shareholders
statement link
page 8
These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize it assets and discharge its liabilities in the normal course of business. During the three month period ended January 31, 2015, the Company has an accumulated deficit and minimal revenue. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
The Company intends to fund operations through equity and debt financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending July 31, 2015.
page 22:
a)
On February 9, 2015, the Company issued 250,000 common shares pursuant to a consulting agreement. .
b)
On February 27, 2015, the Company issued 132,000 Series B Preferred in exchange for $250,000 in principal under a line of credit. These shares were converted into 66,000,000 shares of common stock.
How far up do you think the bounce will be ?
Manago VitaminFizz product tastes pretty good. Make sure that you chill it before drinking. If you love soda or don't even drink soda that much you will want to drink the whole bottle. Very addictive. The product will do pretty well.
Sometimes it is good to take a nap in the afternoon and not watch the stock price. You wake up in the evening and the stock price closes up. You fill like doing a victory lap around the church saying "Thank you Jesus". Lol. $MINE
ZERO balance. That is what my brokerage account said a few times during the day with the PLKD row
Thanks for posting that information. Good DD.
No triple zeros. Too many investors would scoop up shares like both of us did around .0030.
Yelp the new beginning. Reminds us what we have forward to look for the future.
Stock price history. Bounce off .0058 on Wednesday. That was the high of 1/5/2015 when the Kmart deal was announced.
Bears do more research (read all the data) and know more about technical analysis and fundamental analysis than the average investor. They are very aggressive and take calculated risks and short stocks where they know the downside is to their advantage. Some of the more aggressive folks doing penny stock training advocate shorting penny stocks. The conservative penny stock trainers recommend that you stay away from shorting penny stocks because risk is uncontrollable if their is a short squeeze rally. Some companies put the public on notice they are monitoring shorting and will do things to damage the shorts during stock buybacks.
Don't know because it takes a few days for the trades to clear, depending on brokerage it could take up 5 to 6 days.