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I'm sure there's various tricks but one is obvious. They buy in a stock creating a uptrend. They pay those pumpers to send out alerts cause folks are greedy and want to get in. then at some point they dump on new investors trying to ride the wave. Avoiding this is pretty simple. Do your research before you buy. Determine why there's an uptrend before you buy. Mostly avoid anything being pumped. You might get a quick trade out of it but sit back and wait to see what happens before hitting that buy button.
"
To fund our acquisition plan and fund working capital for our continuing operations we will require and are continuing to seek out and discuss financing with potential partners or lenders. These efforts have been unsuccessful thus far and there are no assurances that they will be successful in the future. Failure to obtain the financing necessary will have a significant negative impact on our Company and our ability to remain in business. We have identified multiple potential funding sources and have diligently pursued receiving financing from these sources for varying lengths of time. Management believes that these efforts will be coming to a conclusion in the near future and will either result in significant funding for us or in no funding at all. There are no assurances that these pursuits will be successful and, if none of them are successful, we will not have the financial resources to continue operations and may require relief from bankruptcy court."
These are not boiler plate statements...judge for yourself who is trying to take your money...
"
We have not generated positive cash flows from operations in any year since our inception. Accordingly, our sources of liquidity may include potential debt and/or equity offerings. We believe that our principal difficulty in our inability to successfully generate positive cash flows has been the lack of available working capital to operate and expand our business. We believe we need a minimum of approximately $2,000,000 in additional working capital to be utilized for development and launching of new products for Énergie. In addition, we believe we need approximately $10,000,000 to pay off a significant portion of our debt and to begin funding the business development efforts to identify, qualify and acquire other LED lighting companies, with the balance for working capital and general and administrative expense. While we are in discussions with various potential financing groups, other than as disclosed below, we have no other commitments from any investor or investment-banking firm to provide us with the necessary funding and there can be no assurances we will obtain such funding in the future. Failure to obtain this additional financing will have a material negative impact on our ability to generate profits in the future and continue operations"
Working Capital
Working capital is the amount by which current assets exceed current liabilities. We had negative working capital of $13,934,294 and $13,087,377, respectively, as of March 31, 2017 and December 31, 2016. The increase in negative working capital is due to the increase in debt of approximately $635,000 and a resulting increase in accrued liabilities of approximately $225,000 from interest expense. We also currently have insufficient cash flow to meet our debt obligations. This raises substantial doubt about our ability to continue as a going concern.
Bankruptcy is imminent. This company is opening acknowledging their debts and operating expesnes far exceeds any minimum profits. They have outstanding judgements and no the ability to repay. They are seeking financing but are unable to obtain it. Any financial institution will analyze their ability to repay. Which they don't have. I only wonder if the previous pump was connected to insiders. This is not a bash but a warning. Read the report and don't listen to the nonsense about this potentially rebounding. Losing some of your investment is better than losing it all.
Sticky this from financial report.
Going Concern
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.
Our ability to continue as a going concern is dependent on our ability to further implement our business plan, attract additional capital and, ultimately, upon our ability to develop future profitable operations. We intend to fund our business development, acquisition endeavors and operations through equity and debt financing arrangements. However, there can be no assurance that these arrangements will be sufficient to fund our ongoing capital expenditures, working capital, and other cash requirements. The outcome of these matters cannot be predicted at this time. These matters raise substantial doubt about our ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern. Additionally, current economic conditions in the United States and globally create significant challenges attaining sufficient funding.
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.
Nice to see the low volume..shows investors not falling for the scam
This is being shorted..Thought that wouldn't happen till Monday
maybe...if so then sweet deal get paid as a pumper and double up on the stock..but I'm sure has some level on insulation so no one can ever charge for manipulation...subscribe to his tips..I have not for alerts but more less for observation..you'll notice distinct trends
Insiders...the wolf is just a paid pumper
All we can do is speculate them wait and see..but what we do know is that they can be converted at anytime..so time will tell.
about $400k and change based on their reports..since their last report below they stated they reduced by another $100k.
Including Golden State, mentioned above, and all other investors/debtors The company has a total of
about $525,000 in long-term notes and/or debentures. These notes can be paid back in cash or stock. The
investors have been working with the company to try to find the best balance between maintaining solid
company fundamentals, growth plans and cash flows while trying not to dilute the stock too quickly to
cause a significant decline in price. However, there are no guarantees or pre-arranged agreements for how
much the investors will or will not convert in the future. All the notes have a conversion mechanism that
allows note holders to convert at a discount to market rather than a set price. The overall average discount
price of all the notes is around a 30% discount to market. This means if the stock goes up and shares are
issued then less shares are needed to reduce the debt obligation and if the stock price goes down more
shares are needed to honor the debt obligations. No one debtor will ever own more than 9.9% of the
common stock at one time but if every debt holder converted their entire notes over time the company
will have to increase their authorized number of shares and may have to issue over 1 Billion additional
shares to reduce this debt to zero, based on the current estimated stock price. If the stock price goes down
that amount may go up and if the stock price goes up the amount of shares that will be needed will go
down. Keep in mind this is a process that may take multiple years or may never happen. These types
of conversion decisions are made between the debt holder and the company on a case by case basis. All
parties (Except Golden State Equity) have the company’s overall best long-term interest in mind but
there are no set plans or agreements as to the amount of debt that will be paid back in cash vs stock or the
timing of any of these conversions.
Yes and if they ever take the step of having the financials audited.
Anyone who has been following this knows they are converting/diluting.. Until they are actually debt free this will continue to churn between the low and high 2s. Until that happens hold if you want or make profits. It not like this is one is going to run away from you. I don't believe in the evil MMS theory.
this is where it will stay and churn with resistance to .012-.013
The Financials and chart says it all. Financials show a company that has poor revenues and enormous debt. They haven't release any positive news cause there's nothing to release. However they have stated their daily operations is in jeopardy because they don't have fun for operation expenses. This stock only went up because folks fed into the false messages of the float being locked. The bashing didn't have any merit. Like LED causes cancer or blindness. Folks who didn't do their D&D only saw the artificial runs and ran with it. Now that party is over one can hope this will run again but what are seeing is the true PPS of this company. Only interest here is people looking to get out. There no buying pressure, new developments or anything tangle for this to get out of the teens.
Because everyone holding now is waaayyy upside down and have no choice but hope this PPS goes up. However it's RIP ELED cause pump party is over.
lol..and after the pump they claim they had no knowledge..smh the otc can be a real dirty place
Not as if fair warning wasn't given
that's easily answered..was there any reason besides the pump to generate a $1 pps? Have you reviewed the companies financials?
a lot of folks got holding the bag on this one. Don't look for any long runs..This won't bounce over .013. The dips to .007s has left pretty of room for flips. Those .03 and .04 is ancient history and all part of previous pump. That party is over and the financial woes of this company has been well documented.
Nice new client..I don't see this affecting the pps greatly or even changing trading pattern..it appears like they even dump shares on news and pps goes down...However definitely a good long term look.
Nice new client..I don't see this affecting the pps greatly or even changing trading pattern..it appears like they even dump shares on news and pps goes down...However definitely a good long term look.
and here's the dump..you gotta realize someone is actually paying the wolf for these alerts so these dumps are calculated
random report..won't have any affect on PPS
Wolf just pumped..so be prepared for a dump as that usually follows..Those who held are ready to jump ship on someone trying to get in.
There's something very ad normal about this. No one can argue against the fundamentals of this company and the potential here. However it all boils down to the pps and for some reason or anther this can't hold at least .0030. And that itself is low. The last financial report was well presented and enough attention is already out there. This is not an unknown company. They do business with some major players. Something just doesn't add up here.
what exactly about the company you like?
this trades like chit.. I called these .24s last week...this is a flipper until something significant happens
Nice sleeper here. They are heading in the right direction.
phony 911 trades but multiple T trades maybe (those in black)
I'm good. It just of know value to post a generic document. It can even seem misleading cause someone could interpret an actual reverse merger has been filed. That doesn't help the integrity of this board or your posts.
This is getting to be entertaining.
Why are you posting generic reverse merger information?
And all the cheerleaders are silent. The previous effort can be applauded. However the pump was always apparent. It's like musical chairs. Better be sure you're sitting when the music stops.
HOLY PPS BATMAN!!
Time will tell...freak trade that was canceled, actual trade or dilution. What we do know is that all trades must be reported same day. This one was reported after hours. Can you actually cancel a trade once executed? Seems like sellers remorse not allowed but I don't know. What I do know is if I was COO I would never confirm dilution to shareholders. I don't believe everything I hear. I only go by what I see. Even with MM games there should currently be way more demand for this stock. Hopefully the numbers will eventually add up and the PPS shoots thru the roof.
BUYER BEWARE!! This company was suspended by SEC for fraudulent dealings..the PPS is a reflection of this..the PPS should continue to go down they demonstrate some credibility.
That's wat the MM reported after hours. Doubt if that was an actual trade. Maybe debt reduction
I too believe $$$ to be made at these levels. However one should choose their exit wisely.