Forming an opinion
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I guess you saw the pump, now you see the dump...in slow motion.
Lol, I don't give buy or sell advice. Because if I say sell, the pumpers get mad...and if I say buy I get ugly comments from the bashers. Sorry, GLTA
Napolean didn't say that,lol.
http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp#axzz2LRoGqPNX
Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that "The time to buy is when there's blood in the streets."
He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon. But that's not the whole story. The original quote is believed to be "Buy when there's blood in the streets, even if the blood is your own."
Read more: http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp#ixzz2LRodnjHy
SEC suspension soon?
Wait til tomorrow, lol. Probably struggle to stay above .01
Yep, just another day or two of red and it can continue back up.
Yet here it sits at half the "discounted" price it was that day...which was already..."cheap". Lol.
I firmly believe my generation will be more than willing to save money on drug enforcement and nationally legalize pot, probably in a matter of years or decades
Ok, now you're talking sense. I don't hold anything overnight anymore as I've been burnt by unneeded SEC actions in the past. That said the penny market seems to be brushing that off and I'm thinking this market is more like 09 and '10 when people were disgusted with the big boards and started putting more money in penny stocks.
You don't need to stop posting, I was just curious if there was a reason for the "bubble burst" comment. I actually appreciate the truth/negative postings more than the pump posts, so thanks for for info and opinion.
Take care.
Will be buying back in here when the doom and gloom resides.
What "burst the bubble"?
It already dropped to .0107 earlier.
An OTC company cooking the books? Ridiculous!!!!
That's usually how these APS P&D's work, the day it goes parabolic is also the same day it crashes...hard. Wednesday is also known for being dump day.
Followed by a lead piano drop to .20
Looks like the O/S will increase again today...
On February 12, 2013, we expect to deliver 8,000,000 shares of our common stock to Hanover Holdings I, LLC, or Hanover, in connection with the settlement of a draw down pursuant to a Common Stock Purchase Agreement between us and Hanover dated October 26, 2012, which we refer to as the Purchase Agreement, at a price of $0.0644 per share. The per share price for such shares was established under the terms of the Purchase Agreement. We expect to receive total net proceeds of $515,520 in connection with this draw down.
http://ih.advfn.com/p.php?pid=nmona&article=56217739
Lol, it's on Pinksheets too if you don't believe that.
Copied and pasted from the proxy statement...
1. To approve an amendment to the articles of incorporation of the Company to effect a reverse stock split of the Company’s common stock, at a ratio of not less than one-for-two and not greater than one-for-fifty, with the exact ratio to be set within such range in the discretion of the Board of Directors without further approval or authorization of the Company’s shareholders, provided that the Board of Directors determines to effect the reverse stock split and such amendment is filed with the Secretary of State of Nevada no later than one year from the date of the Special Meeting;
2. To approve an amendment to the articles of incorporation of the Company to increase the Company’s authorized shares of common stock from 495,000,000 to 2,000,000,000
I checked PinkSheets and the most recent figure is 100 A/S. Since it's been more than 5 years since the last filing I really wouldn't want to guess at the O/S but I would think they were close. Judging from the move Friday there wasn't a bunch of folks waiting to sell, Monday morning should be the "tell".
Wish I could get a deal like that, seems like a no brainer on a stock that traded above .08 yesterday...
As a result, of the transactions listed above, $375,000 note is immediately convertible at a price of $0.015/share, equal to 25,000,000 common shares.
I trade stocks, this one was over a week ago. Any trader could see that by the way it was moving.
Extreme is moving on with a new pick next Tuesday...lol, so much for news. Blood bath today.
Along with the volume increase signals a need for consolidation.
Haha, Sub-sub penny....what's the definition of that?
Sub penny soon. Careful.
Dilution for now.
I just glanced over the proposal and now I have a headache...I need a banana!
The SRGE team screwed up when they put a NYSE ticker in their last famous PR. Then the SEC had no choice but to suspend them.
Are you still waiting for a nickle?
So, you still holding for .05?
Probably because the common shares will eventually be erased.
First of all, it's spelled morons not morans. Secondly, they are selling the business to another company...commons will be wiped out. Thirdly, LNET will become LNETQ soon(maybe tomorrow), and sometimes there are issues with people not being able to sell their shares until their broker fixes the ticker so they are probably getting out early.
Let me guess...gap up 100+% and slides down all day to break even or negative...lol.
Amen, can't wait to see how all their .05 and .10 cent predictions play out this week...they sure are defensive.
It depends on what the price is when the O/S(outstanding shares) matches or gets close to the A/S(authorized shares) and how many people are willing to hold for higher PPS(price per share) before they sell. 495 million shares isn't much if the stock PPS is less than .01(that means one penny) but is toppy above .02 and .03(three pennies) IMO(in my opinion). Good luck.
Wrong again. The Magna Notes are convertible at the option of the holder at a conversion price equal to 75% of the average of the three lowest volume weighted average prices during the ten consecutive trading day period immediately prior to the date of conversion.
Wrong again. The Magna Notes are convertible at the option of the holder at a conversion price equal to 75% of the average of the three lowest volume weighted average prices during the ten consecutive trading day period immediately prior to the date of conversion.
Right once it was maxed out at the end of December it couldn't change...lol.
You're missing a very simple concept here. "or"
The Series A Preferred Stock may be converted into share of common stock of the Company at the option of the Company (subject to the satisfaction of certain Equity Conditions set forth in the Certificate of Designation, or if the closing price of the common stock exceeds 200% of the conversion price of $0.25 for any 20 consecutive trading days) or the holder.
The company has to meet certain conditions, but the holder has different criteria. Very easy to understand, no?
The Magna Notes are convertible at the option of the holder at a conversion price equal to 75% of the average of the three lowest volume weighted average prices during the ten consecutive trading day period immediately prior to the date of conversion.
Wrong, the O/S did change and showed each 8k, look it up.