Searching for the next 500% stock
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LOL, told you guys....I think we are headed to 2's today. The proper caluation for this stock is at .026. We will get there
More consolidation just like the 4's then we will run into th close for the HOD. We have to get to .026 with the share structure valuation. MM's getting holding here to get rid of the week and profit takers and then run it. Watch what happens going towards eod
Shizzle my nizzle....its still just noon time. We hit .02 today for sure
Guess this is going to be the seadon for "D" stocks, looking for the next one
Float 90M <== Gone today
O/S 190M <== should hit this tomorrow
A/S 1B
Difference is restricted
Anybody seen trader?
Per company, valuation should bring us to .026
If this goes back to .0001, will you be a buyer?
LOL, what the heck was I thinking....did hold on for a nice profit at .001 and sold on divi day.....got my restricted divi's. I since bought back in waiting for the next run. Each time I buy it gets more exciting
put the breaks on buddy.........I dont think we drop or else we would have already. All the 7's and yet the MM's wont drop her to the 6's much less 4 or 5's. History of this stock shows that if we hit 6's, you can feel comfortable loading up because thats the sign that its going back up. Its been the pattern for months and I only acted and profited from it 2 or 3times. MM's knows this so they we try to keep us at 7/8's until either people get bored or ENTI issue a meaty PR.
I am thinking we shouldnt be thankful just yet. It seems those 8's are fake. Seems like MM's are keeping the 8's with 50k buys while either loading or dumping at 7's. The action today has been:
buy 50,000
sell 2300000
buy 50000
sell 5000000
Notice how the 7's has large volumes while the 8's are pretty much steady with 50K buys. We are stuck here for a reason. DOnt think these are retail purchases at all.
Absolutely right, just a trade. It was also just a trade pre split but CEO back handed us. Now that the split is out the way maybe we can trade this again. There is only 90M FLOAT, currently we are at 23M in volume. if this keeps up we should have an explosive second half of the day.
Some of you guys may have sold a little to early. This doesnt seem to want to go down. The avg low is .0018. We could possible go up 3-400% like GBOE did today.
Keep in mind that we have already retraced about 90% so this bounce s expected. It would be great to see a PR right about now
The real line up are
4@.0007 bid <= just climbed to 4 in the last 30/45mins.
6@.0008 ask <= been hear for a while
LOL, funny.......
With the Grammy's coming on tonight I wouldn't be suprised if Tony sends out a PR after hrs about whats to come. It is a BIG night for the music industry and it looks like ENTI is trying to time its next PR. Usually ENTI would have PR'd something already but now the time seems to be right. If a PR doesn't come out during the day I would expect one after hrs or an A.M PR.
If he was to put that info out in a PR, there will be a ton more questions from the board. I would rather him put out something with meat than a fluff PR. That could be more hurtful to the stock
Ok you metioned Ne-yo and thats the man so.... I bought into this stock just for a mo-mo run but now I'm seeing/hearing a lot of things regarding this company.
Can you summarize from your prospective what ENTI is about and what is going to be so huge when it comes out. What exactly are we waiting for?
TIA
Well I do have a few shares at .0001 and yes did have them for over a year now. I tried to sell them while at no bid and nothing. I was starting to think this was going to be dead forever until I see you guys making so much noise over the dead stock. Like you said fundamentals doesn't mean squat here so why so much attention if it hasn't moved in over a year?
Just buy a few at the 1's and wait for it to move. A quick pop like you said can lead to mucho profits. The risk/reward is on the buyers side at this level
LOL that was too funny...
Agree...
exactly my point.........
Be calm, Troy mentioned that he was giving his "original investors opportunity to avg down along the way up. He states he is very appreciative of them
Just as I suspected another attempt to have their orignal investors avg down.....
Not absent, if you read the letter then you would have been directed to this link.
Dilution stopped Nov 10th
http://www.sec.gov/Archives/edgar/data/13055/000107878210002736/lbg8k112210ex991.htm
Not according to the link below which the CEO directed us to look at (mentioned in the 8k filing yesterday). Dilution was supposed to have ceased on Nov 10th.
http://www.sec.gov/Archives/edgar/data/13055/000107878210002736/lbg8k112210ex991.htm
Letter from the 8K filed yesterday
November 24, 2010
Left Behind Games Inc. – CEO Update – Corporate Actions & Survey
Dear Investors and Interested Parties,
After reviewing a number of the surveys received (more than 500 so far), it has become evident that a large minority of shareholders do not fully understand the dynamics of the market regarding valuation. In other words, many of our individual investors do not adequately have a grasp of outstanding share count, dilution, and stock price and how they relate to a company’s valuation (market-cap). The problem with this is that their buy/sell decisions end up being made in a manner which relies on trends and emotions without any reasonable technical analysis of company fundamentals. And accordingly, the price of our issue can be greatly impacted, despite solid fundamentals.
Therefore, I have taken a moment below to explain the details of a technical analysis and will walk you through such an analysis with regard to our stock. If you already understand how to do this, please understand this explanation is for the large minority that doesn’t understand it. In fact, from the surveys and emails received, a large number of our investors believe falsely that a 40% reduction in stock equates to a 40% decrease in our price per share. Whether you agree with our recent decisions, what you are about to read is a detail explanation of the well-thought-through analysis we’ve made with the help of very experienced public company professionals.
However, it is also important to know that shareholder reaction has caused our Board of Directors to reconsider our recent corporate actions. I’m simply providing the explanation below for the benefit of those who clearly need clarity and thus far have not found it from those they may receive financial advice from.
PLEASE UNDERSTAND THAT IN NO WAY IS THIS INFORMATION PROVIDED TO LEAD YOU TO BUY OR SELL OUR STOCK. IT IS INTENDED TO PROVIDE ASSISTANCE IN UNDERSTANDING A TECHNICAL ANALYSIS. PLEASE UNDERSTAND THAT THE INVESTMENT COMMUNITY CONSIDERS ALL PENNY-STOCKS TO BE HIGHLY SPECULATIVE AND SUBJECT TO SIGNIFICANT MARKET FLUCTUATIONS AND FORCES SOMETIMES BEYOND REASON. In other words, you should only use discretionary funds in this marketplace.
On September 3, 2010, we disclosed that we have 2,987,796,263 shares outstanding and that we were increasing our authorized shares to 5,000,000,000. Our trading recently seemed to indicate that $.009 to $.011 was a healthy range, while $.012 was the peak. Therefore, if you multiply the $.009 to $.011 times the number of outstanding shares last reported of 2,987,796,263, you can see that the market ‘valued’ LFBG around $30 million dollars.
Earlier this week, on November 24, 2010, we disclosed in our quarterly filing with the SEC, that as a result of dilution (necessary to raise the funds for our new product Christmas launch), we now have 4,446,193,905 shares outstanding. It would be normal for the market to change the price of our stock by taking the recent market-cap average of $30 million and dividing it by 4,446,193,905 outstanding shares, which results in a PPS (price per share) of $0.0067. Interestingly enough, our stock price is very near this right now.
Our goal has been to prepare our company to go onto a larger national exchange (NYSE or NASDAQ). The minimum price per share to get onto those exchanges is $3.00 per share or more. So, the question then becomes; what fundamental results would LFBG have to report in order to reach $3.00 or more per share? To determine this, let’s first calculate the market-cap we would have to achieve by taking our outstanding shares of 4,446,193,905 and multiplying it by $3.00. The answer is that LFBG would have to do so well that it justifies a valuation of more than $13 billion dollars. And because this is not practical, the only way to restructure the company’s position to reach a multi-dollar share price is through a reverse stock-split.
--------------------------------------------------------------------------------
The problem with a massive-reverse-split is that traditionally, at least on the OCTBB (Over the Counter market), these types of reverse-splits are often followed by massive sell-offs. In many cases, the company survives and they are forced to offer new investors prices so low that they end up diluting in entirety the value of their entire shareholder base. And for this reason, even if a 1000 to 1 reverse would move the price up where it needs to be to become listed on a national exchange, the management of LFBG and our advisors believe it could also destroy the value of everyone’s shares. There is only one exception to this and this would be if the large reverse was performed done on the same day as a move to the large exchange and if (this is a big if) the company had previously incentivized an institution to provide strong bid support in the open market. This can occur naturally, but is extremely risky. The problem is typically that in order to incentivize such an institution to be willing to buy shares and provide strong bid support is that they often must receive a special private deal that is typically far more dilutive and less beneficial to shareholders than the typical private investor financing that has built our company. And for these reasons, we’ve simply remained faithful to our original investors by giving them opportunities to average-down. Although many opinionated shareholders hate the loyalty we have demonstrated to our original shareholders, which has caused significant dilution, we wouldn’t be in business if not for their faithfulness. However, now that we’ve made it this far, the Board of Directors did announce a dramatic turn in policies regarding shares issuances on a go-forward basis…which I’ll explain below.
Now, as a result of our recent reverse-split announcement, our intent was to reduce the number of shares by 40% to increase the value of every share. For example, 40% less shares = 2,667,716,343 shares. At a $30 million valuation divided by 2,667,716,343 shares, our price per share was expected to become $0.0112 (post reverse-split). And the fact is, because the split is scheduled for January 12, 2011, it might actually reach this level. I believe that our December 31, 2010 quarterly results will justify our stock value holding, and if we reach the level of success I have already provided guidance for, the value of our company would continue to go up. So, whether or not you agree with this thinking, it is important that all of you understand 1) why I’ve always stated why a “significant” reverse-split is highly unlikely (and not in our best interest because it is so risky); and 2) why a smaller reverse to return to the outstanding share levels of last year was far more practical; expected. The idea has been that if the stock were to keep its valuation through the reverse-split, 7 small reverse splits would move our company to a multi-dollar value. And it was our thinking that this would be the safest and least risky way to meet the listing ‘share price’ requirement of the larger exchanges.
There is one other concern for most investors regarding a reverse-split and that is ongoing dilution. For example, if we pull back the number of our outstanding shares to 2,667,716,343, but go ahead and issue another 2,332,283,657 shares in the next 3 months, the value of the company may hold at $30 million, but the individual share value per share (for current investors) would decrease by nearly 50%. It seems apparent that the market’s reaction yesterday may have been the result of this very thinking. But for those of you who didn’t read it, our Board of Directors thought of this in advance and I published a CEO Update – Dilution Solution, which was published online and you can read at: http://www.sec.gov/Archives/edgar/data/13055/000107878210002736/lbg8k112210ex991.htm . From the results of the survey so far, nearly one-third of our investors never read our policy on new issuances and our plan to reduce dilution.
Whatever your opinion is about our company and these matters, I want to express my heart-felt thanks for your emails and for taking the time to fill-out the survey. I take my responsibility to serve our shareholders quite seriously. Today’s survey will provide more valuable information for our team to discuss regarding our recent announcement of future corporate actions.
Very kindly,
Troy Lyndon | CEO | Left Behind Games Inc.
So what do we thing about the letter from the CEO regarding the R/S?
Does the letter lean more towards the split or NOT.
Is the CEO giving its investors more opportunity to avg down?
It sounds to me like the BOD and CEO had a plan to go to the big boards but they are taking shareholders requests in consideration. Going that route will require 7 reverse splits and I belive that will just kill this stock.
If the company wanted the share price at .011 by Jan 12th, they should have just let the shareprice continue its climbed and it would have reached their if the numbers were good on Dec 31st.
I am thinking we are at a bluff to drop the price for their current investors to avg down.
What do you think???
Not very happy about this R/S at all but I do have to say that that this is looking like the company is trying to straighten out the company for some reason. I am starting to suspect that management have truely engaged in some partners or major investors in the company. Look at what they are doing:
Filed Finacials
Reduction of shares via R/S
$7,000,000 investment
If any investor was interested in a company the first thing they will look at is the share structure which was way out of whack. There was a PR sometimes back stating that investors were in place and the company was looking to start implementing actions in October. Thus the Corporate action tragedy. See below:
Triton Announces the Finalization of a Recapitalization Agreement With Foreign Investors From the Orient
09/16/2010
"We have finally successfully arranged for the Recapitalization of the Company through several Investors from the Orient. This plan will start implementation by the middle of October and will continue for the next six months.
I am starting to think the company really intended to cause as minimum damage to shareholders as possible when planning to reduce the share structure (at the investors request) but was not 100% clear on how they could do it. They tried the buyback but because of loopholes it forced them to a R/S. I know noone wants to believe in management but it looks like this is the result of a corporate plan that is going on and will for the next six months per the above PR. The unfortunate part is that we may end back up at .0001 during that time.
Well just filed my complaint. Hopefully we all do it, just takes 5 mins.
Good deal, now I would like to call and make that same complaint. If FINRA gets annoyed with all the calls about this company we may get this to the top of the to-do list.
I sure hope so, I'm prepared to lose the rest of my coins to see this CEO go down. He did the same thing back in June and feel as if noone will do anythng bout it so he does it again, whats to stop him from a 3rd time? only a class action will stop him. Is this guy even in the states right now,he probably took off. Hope someone starts it soon.
YES people, we have a unique chance to stay strong as a team here and hold up so theres minimum losses.
HOLD HOLD
****
Theme from Gladiators when Maximus formed a strong hold against the kings fighters. The ones that didnt HOLD and stay in the circle got slaughtered but the others that did HOLD lived.
HOOOLLLDDD (with a stern deep voice)
Just spoke to TDA, TTDZ went thru a RS 1:100 effective today Nov 18th. The new shares have not been received by TDA as yet and when they do they will update account with new cusip numbers and shares. So right now I have to watch as scared hearts bail and drive the share price down helplessly.
FYI
L2 showing 1@.002 X 1@.10
Under what ticker are you guys going to trade from? I still have my millions in TTDZ, can I sell or what?
TIA
Now thats real talk...
My assumtion is that people was taking some profits from the run from .39 to .64. The bottom just opened after profit takers scared holders and dropped breaking 3 support levels.
I am thinking we can get back to the 50DMA (.45) by eod today. The markets are beaten up today so there will be a lot of cherry pickers tomorrow bring up the markets and MRGP
I was dead on, I know some people knew this but didn't want o make it a topic of discussion because they wanted to bail. Everyone wanted the divy, thats it....know its time to watch for news
I think this run is all due to the DIVY, once thats out of play I think we will start to drop back down until some positve news with meat.
Only MM's can trade at 5digits, sometimes a MM would fill you at 5dgts but it is totally up to them and their reasoning. I have gotten lucky a few times on penny stocks but thats only a few times and I have always put in for 4dgts. If you get it just be happy.