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Its been 24 hours...
Since the new site went up and they still haven't fixed the script issue on the inventors page or contest page. Its totally unprofessional and if I were a consumer that happened across that site, an e-commerce site with 4 items for sale... I would be uneasy with the thought of typing in my credit card number. It looks like a scam. Theres no excuse for it and theres no one on this thread that can defend it. Where are the cameras and laptops??? How difficult is it to link a photo and a description? How difficult is it to address a script issue?? Answer, NOT HARD! Im about to bail on SMWF, take the loss and save the brain cells. Why would a perspective investor look at that page and think the company knows what its doing? Maybe all of the rumors that point to Reda as being a crook are misguided. Maybe he's a complete imbecile. Just maybe, for whatever reason, he can't see that he's doing his company more harm than good by unveiling an incomplete website. Maybe he can't see that he's being laughed at. Im all about second chances but when you continue to screw up over and over again, you run out of chances and just get labeled a f*** up.
New Site is Up...
http://www.gadgetenterprises.com/index.php
Check this link out RB...
http://ih.advfn.com/p.php?pid=trades&symbol=smwf&java_vm=sun&java_vm_ver=1.6.0_15
and tell me again how many buys and sells??
Yungwine and some of you other guys who have been bragging about bid whacking at .0001 have your chance now. NITE still asking 1
ETMM back on BID
0 BID
L2 BID ETMM @ .0001 ASK NITE @ .0001
90% are sell orders. And Im still waiting for that link to the dollar BS you were spouting the other day.
All you guys that were bid whacking at 1 have your chance now. Get in
NITE asking .0001
2 now
1 bid @ .0001
RB...dude....
A post making that kind of claim without a link makes it look like you typed the page up yourself. A dollar a share is a powerful statement if its coming from a credible source. Id like to post it on some other threads but I cant do it without a link bro.
Need a link if you're going to post something like that
LINK!!
I decided to call corporate...
at the number they provide on the portal site (702) 448-1861, to see what I could find out about the mystery volume of yesterday morning. Scotty had no real answer for me yesterday and "a mistake on the part of the exchange" is all I got from Seamless.
Bid @ .0001
LAFC,ABLE,NITE,SALI,VERT,DOMS,PUMA,VFIN,ETMM,AUTO
Ask @ .0002
ABLE,HDSN,VERT,ETMM,AUTO,LAFC,NITE,VNDM,MAXM,DOMS,PERT,FORT
Ask @ .0003
PUMA,SALI
Ask @ .0008
FANC
Ask @ .001
VFIN
Ask @ .01
STXG
Ask @ 2,000
UBSS
Exactly. Nearly every company has had to do what they did to survive. Its clear some folks have been around here a long time and have most certainly been burned. The worst part for them is their best chance for making back their loss is to get back in on SMWF. And don't look for any congratulations when you're proven right.
Thought so... Thanks
Also, was all the action at.01 in the last hour at bid or ask?? TIA
Really?, Did you just say its about money??
Seriously, let me get this straight...
Albert Reda, who has a company that completely lost its pps over the past couple of years, along with so many others, who did what he had to do in regards to issuing stock to keep working capital coming in... is nothing more than a crook. Is that right?
So in the former example, Reda pays OTC 1.3 bil worth of free shares which @ .0001 equals $135k. OTC pays other promoters roughly 50k to gloss the stock and get some buying pressure. After dumping the 1.3 bil shares, OTC walks away with roughly $85k after expenses... and then what? splits it with Reda? Reda, who has a company that is hooked up with a world famous celebrity product promoter? Reda who just secured a promo deal with NASCAR? Reda who's company was just featured on Money Talk TV?.. The guy who works his a** off every day setting up deals, is in it to make a measly $40k on a scam? Look, Im not saying OTC didnt dump their shares over the past couple of days. It could have been them or it could have been those who bought in at the beginning of August when there was enough pressure to send it to .0003 briefly, who now just want out. Or, it could have been Seamless buying back shares which they said they were going to do. Or any combination thereof. Either way your argument doesn't make sense from the companies point of view.
I understand there are a lot of people who have gotten burned by dilution. I understand a $1k investment in Seamless awhile back may very well be worth $1 now. It happens over and over again as companies struggle to stay afloat. But don't come out with accusations without any concrete proof that there is something illegal going on. Thats blatant bashing.
What you don't get is that your argument makes no sense from Seamless' point of view. In your scenario...
Seamless pays OTC 1.3 bil shares to pump stock.
OTC pays $50 grand to a handful of other promoters to generate some momo, at which time OTC dumps 1.3 bil @ .0001 for a gross of 135k - 50k for a net of 85 grand.
And Seamless forked over the shares in the first place... why??
Yeah, I don't buy it. It doesn't make sense from Seamless' point of view. The promoters are the only ones who benefit from your scenario. Even if the sell off is OTC dumping their free shares, whats in it for Seamless?
Cyclone....
Where are you and rb611 getting an ask of .0003?
Interesting Observation.
After the close, all MM's on L2 reduced their ask size to 5k. I've not seen this in the past 2 months. ARCA, LAFC, and at times DOMS, have had outrageous ask sizes. Some in the range of 500k or more. This could obviously change at the open tomorrow, but in the past the ask sizes have carried over from the day before. What does it mean? probably nothing, it will probably go back to the way it was with huge asks at the open tomorrow. What would I like it to mean?... That the MM's know they have loaded up all they can get at .0001 and have reduced the ask sizes in order to let it fly. You need buy orders for that to happen of course.
OTC Reporter, I get it. But the rest of the money went for what? to sell out at .0001? Doesnt make sense.
OTC Reporter, I get it. But the rest of the money went for what? to sell out at .0001? Doesnt make sense.
6 on Bid. 10 on Ask
Another 52 million @ .0001
Dropped 5 MM's on the bid since this morning. 6 x .0001 Not looking good.
Anyone else watching L2? 152,645,572 just went through @ .0001
Will do.
14 x on the bid for months = no need to spend money to sell @ .0001
Spend money to sell at .0001???
Confirmed problem with Bid and Ask with Scottrade via phone. It doesn't show when you go to place an order.
Scotty not showing a B or A? Any info???
So, as I understand it... a "third party" spent thousands of dollars and the company gave away over a billion shares this past week to promote SMWF. The activity we've seen, in your opinion, is massive dumping at .0001 and not Seamless buying back their shares, even though Seamless released news in the past announcing a share buyback program.
My question is, if the goal is simply to dump at .0001, couldn't they (whoever "they" are), have done that without spending the money or Seamless giving away the shares?
Money TV link...