Forming an opinion
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The other stock CERP is being compared to that starts with an A had only 101 million AS, CERP has 495 million AS. Also,last year on that other stock everyone knew to wait until the AS was maxed out to start trying to run it back up. This can easily go to less than .005 before the AS is maxed out, IMO
Posting book values based on 2011 revs and low O/S instead of 2012 revs down 95% is deceitful.
And it's also bankrupt.
The O/S is now 151 million and will probably be close to half a billion by summer.
I highly doubt the first 10 sentences of it read like that...they have owed alot of money for a long time and have 10 million more to pay, that was the point.
Common sense should have told them the OS was much higher by the way it was trading. Alot of shares were added the day it went to .0449. This stock is going subpenny soon.
I just don't see why this thing isn't worth much more than .50.
Lol, big difference. But you are right about the dilution part. They didn't have another 300 million waiting on the sidelines.
Hopefully CERP can hold support at .02 on Monday...
Most penny stocks are, lol.
Too bad these new shares aren't biodegradable, lol!
Now the O/S is 151 million, according to the S-1 statement today.
Common stock outstanding prior to the offering
151,596,664 *
Common stock offered by the selling stockholder
49,022,252
Common stock to be outstanding after the offering
200,618,916**
Use of proceeds
We will not receive any proceeds from the sale of the securities hereunder. See “Use of Proceeds” for a complete description.
* As of January 25, 2013.
** Assumes issuance and conversion of all shares of the overlying Series A Preferred Stock.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9034637
Nice call. Nailed it.
Something like that. Maybe.
Looks like a bid whackers paradise.
This is from the 10Q:
Common Stock, $0.001 par value; 495,000,000 shares authorized; 28,989,829 and 18,933,139 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8916961
Lol, it's traded 68 mill just today...
Awwwww shucks, same to you Cindy Lou!
Good Morning Erwin, I have another ticker thats not working on lvl2...WUHN. It says it is still on the Nasdaq but it's really OTC.
That's alot of bannanas.
So MDIN is a diamond in the rough?
Did you get any shares?
Tell me how buying .08's and .09's and ending up near the original buy is bad. It's called dollar cost averaging. You don't need to thank me or send bannanas...
It wasn't meant to be mean, just a comparison between a stock that treats something that he has.
Man this stock moves around more than MJ Fox. So hard to predict where it's going from day to day.
AMPL heads to pink sheets Tuesday, I might flip some when it goes below a penny...lol.
Size does matter. gltu
SELL OUT HERE FOR ALMOST A 900%-1000% LOSS?
Where did you hear that?
...Should have sold into the volume yesterday. Good luck on the greys...
Haha, SRGE. What the ....?
Where does it say that? LOL
When is the reverse split supposed to happen?
Unless you went all in, you can always average down...I do it all the time, hard to get an entry perfect.
LMAO, where do you see bid? This is a Grey now...
Wow, thanks for the news flash. Duh.
Like an iHub admin, haha.
Hehehehe
Funny how no one mentions that until after the stock crashes...
What about me?