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I've been watching this months. Is this finally the bottom for now?
sounds good to me. Do you think most of the flippers have exited? I'm not so sure about that I hope you're right though!
Flippers will be there at every I turn, I know because I flip sometimes too. The unfortunate part of that is most of them are bidwhackers (not me unless I need to get out ASAP to use funds in another opportunity). So I think breaking 0.001s will attract a whole batch of flippers. The more volume we have though the less overall impact the flippers will have because as you said I do agree there is churning going on with the shares get into more seasoned investor's hands.
Thanks. Yes historically the heavy volume is a great sign that combined with the more great news coming soon especially the formal announcement of the actual transaction of the President buying a controlling interest in addition to whatever else they have in the pipeline should keep the spotlight on this.
Volume was very heavy especially in the AM, by the time I bought in around 11 there were already over a 100 million shares traded. Has that been the pattern the last few days here?
I wouldn't have it any other way :)
It was a pleasure egging this on with you!
I'll definitely be watching this closely I just unfortunately don't have the patience to hold anything longer than a couple weeks in this market.
Take Care Dream
From Yahoo: "Excellent Conservative share price valuation"
Yahoo! Message Boards > Business & Finance > Investments > Stocks (A to Z) > Stocks P > PINE RIDGE HOLDINGS
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Excellent Conservative share price valuation 22-Dec-08 11:46 am
Here are some current and potential valuations on the ServeNation Company only:
Valuation based on current revenues (ServeNation only - Pine Ridge Racquet & Fitness Club and Acoustech not included):
$100,000 / 18.6 days = $5,376/day
$5,376 x 365 = $1,962,240 annual gross revenues
$1,962,240 x 3.5 valuation multiplier = $6,867,840
$6,867,840 / 1,000,000,000 shares outstanding (current estimate) = $0.0069/share
Valuation based on anticipated annual revenues for current 192 stores ($50,000 per store):
$50,000 x 192 Stores = $9,600,000 annual gross revenues
$9,600,000 x 3.5 valuation multiplier = $33,600,000
$33,600,000 / 1,000,000,000 shares outstanding (current estimate) = $0.0336/share
Valuation based on growth to 500 Stores:
$50,000 x 500 Stores = $25,000,000 annual gross revenues
$25,000,000 x 3.5 valuation multiplier = $87,500,000
$87,500,000 / 1,200,000,000 shares outstanding (200,000,000 shares added) = $0.0729/share
Sentiment : Strong Buy
If it goes below a penny I'll definitely load up.
I'm out for now but I definitely will keep on radar b/c this has seemed like more of an intraday trading stock than a buy and hold for longer than a couple days stock.
GLA
Thanks. I know I was being overly lazy there. So we should expect a follow-up PR shortly then regarding the actual purchase. With PGYC I think it took about a week, so hopefully it'll be sooner here.
Do we know the details of the purchase? Is that what the most recent PR was announcing?
TIA
Your analysis of today's action is spot on, the strength at EOD shows there are more believers than nonbelievers in this. Also, the buy to sell ratio shows the bulls were in charge today.
I agree that spooked me too but I decided to hold on for now because this seems promising.
It was very nice to see strong buying the last 20 minutes or so. Hopefully, that will continue tomorrow morning.
Thanks. My impatience got the best of me I should have watched it a little longer before pulling the trigger but when it broke .001 this morning I erroneously thought we were off the races.
What news? When?
What's your time horizon?
I hope so. I guess I haven't lost anything yet since I haven't sold but you have to admit it doesn't look to good right now. Hopefully, predictions of an EOD run will materialize.
Looks like I messed up....I shouldn't have believed the hype. This is turning out to be a dead duck. Oh well, Live'n learn.
Volume has slowed significantly since this morning.
Just my luck....it tanks right after I pull the trigger...should have waited dammit.
I sure hope so. It seems it went down on little volume after steady accumulation @ .001.
There's just little volume in the last 15 to 20 minutes. It could just be because it's close to lunch time.
Volume Stalled
I just joined the party with 840K @ .001. I just hope I didn't miss the boat!
Up huge today
I don't think SYTO trades AH
$2.98 last AH print
Disregard previous message...must have been a Scottrade glitch.
Thanks
Someone is loading up... ~ 500K share block traded @ ask of .023
Decent volume and holding steady so far
Just because they are a shell and have a virtual office does not mean it's a scam.
Thanks for sharing
I think all who are in this know that this a trade/lotto play and not an investment. We all also strongly believe the next repeat run is a matter of when (days to several weeks tops imo) not if.
Thanks for sharing that
I'll definitely be following up with Nikki again as well next week and will share what I find. Among many others some key questions I think are
1) Stock Price - we finally need an answer so I will keep asking about this - could just be MM manipulation but we need to know.
2) What's the long term business plan?
3) What's the short term post devlin agreement breakoff plan?
I got that sense too. I think that chart is an excellent barometer of current status with support in the high .01s to low .02s.
Thanks
Sure thing. I must say as everyone could probably tell from my previous posts that I was beginning to get very frustrated which is a product of being impatient....but now something as simple as getting a call back goes a long way to establishing credibility.
Just to clarify a point from earlier: Nikki stated she'd have more info to share soon via phone call or e-mail not necessarily a PR, she said a PR will forthcoming "soon."
If anyone else has the time I invite them to call or e-mail and share their findings:
THE LISTING
Currently, the company is listed on the OTC Bulletin Board under the symbol: SYTO. For more information, investors are asked to call Niki Liapis at 702.308.9502.
Main Office & IR e-mail:
Sync 2 Entertainment Corporation
Suite 100
8430 W Lake Mead Blvd
Las Vegas, NV 89128
T. 702.576.9841
F. 702-576-9593
email: investor@mysync2.com
She also went out of her way to make it clear that they are a legitimate company and they're not going anywhere anytime soon.
I heard back from IR!!!
Nikki called and apologized for not being able to get back to me sooner - she said she was "out of town" for the last 4 weeks. Anyway I asked about the stock price and she said she does not know why it dropped so much but they're looking into it. Also, I asked if a comprehensive shareholder update will be forthcoming in the near future and she said sometime next week she'll have a lot more information to share.
I also called the other # listed on their website (see below) and it's just an answering service, when I asked why my call hasn't been returned the lady didn't know and said all she could do was transfer me to IR so she was less than useless. I also sent them an e-mail (see address below)....hopefully we'll hear something soon because patience is a virtue which I do not have.
Sync 2 Entertainment Corporation
Suite 100
8430 W Lake Mead Blvd
Las Vegas, NV 89128
T. 702.576.9841
F. 702-576-9593
email: investor@mysync2.com
Yes, the same annoying message.
.019 close