Tearing up Pinkyland scams! Beware the wolves.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
A few points from something I found yesterday:
"It seems that it's only promotions that could pump up CETH right now as any recent news on the company is presently missing.
In March, the company filed its unaudited annual results for the period ended December 31, 2011. Though, they were disappointing.
According to the report, cash and cash equivalents totaled zero, net loss pointed $(.01) per share, and retained deficit remained over $22 million.
Judging by these numbers, obviously Convergence is not in its best shape and no one can predict if and when it's going to get profitable."
Not mine so no need to kill the messenger.
According to that article, JetEngine started beta testing about 1 year ago. Have there been any subsequent PRs stated testing was finalized or even a single copy sold to any airline company?
Best scenario I see there is for someone to buy it outright to keep other companies from saving money IF it does as planned.
Yes, a 10K could include anything after the end of year but the issue was what could be the reason for delay and the supposed merger wouldn't be a necessary hold-up. As for what others mentioned as far as trying to include post end of year events to save money I'm inclined to doubt them being able to avoid a 8K by mentioning things if a statement box of a 10K. I won't address it with certainty but you know how the government is. A 8K has a specific purpose and most likely it needs to be done. After-all they file a quarterly statement but still have to do the 10K to recap the year. Redundant but required.
Could go all the way back to where it came from before all this merger talk started. It's already well below where it was on the first big trading day back on 2/28. Looks pretty weak unless something of substance comes out. Pure speculation at this point in time.
Nope, wrong. LOI came after the end of their fiscal year and does not have to be included in their 10K. They only need information about 2011 in it.
Wake me up when the PPS hits .002 Signed Rip Van Winkle
Call the close. I'm going to GUESS .0015 based on absolutely nothing because there is absolutely nothing technical about this price action. Strictly MMs working people like animal herds.
"Sure by now you realize not many take you seriously!"
Couldn't care less. I have my opinions if they are liked or not. Drink all the Kool Aid you can.
Still waiting for green!
Hypothetical: If the 10K doesn't come on time, if the 10K comes but is horrible, if no news updates on the status of supposed merger .... will you hold buy or sell?
NOTHING NEW Same old information being flogged to death. Odds are a continuing slip in share price as people get tired of waiting.
Did a little asking around and most people are of the opinion that the 10K does not have to include anything that happened after the end of the companies fiscal year. Since everything pertaining to the LOI and 8K happened after March 31 we still may not hear anything about Kool Tel if/when the 10K makes it to the public eye.
Execution of Letter of Intent with Kool Telecom Ltd.(from the 8K)
On April 19, 2012, the Company entered into a letter of intent with Kool Telecom Ltd. (“ Kool ”) (the “ Letter of Intent ”). Pursuant to the Letter of Intent, Kool and the Company will commence the negotiation and preparation of a share exchange agreement whereby we will acquire 100% of the shares of Kool for a certain number of shares of the Company’s common stock. The Letter of Intent may be terminated at the earlier of: (a) mutual written consent of both the Company and Kool, or (b) at 5:00 pm EST on July 19, 2012.
First it states that they are doing a share exchange. What will this net either one of them? If it is a even $ value swap then the net is zero and you would have to look to the future for possible worth.
It states that AISystems will receive 100% of KOOL stock which doesn't mean KOOL is after a shell at all. KOOL would be controlled by AISysytems so the ASYIE ticker isn't going anywhere unless they file for a change to better reflect the new joint venture. Looks like KOOL would become a subsidiary of AISystems negating the need to find a way to "go public".
Of course none of this matters if they magically agree to sign off on a mutual cancellation or just let it flounder till the drop dead date.
The ONLY thing that matters right now is the annual report showing up by close of business on the 17th and it having some good numbers in it. The dreaded hopefully part is that the number of shares being traded, if it is company dilution, is going toward the share swap and cost of getting a deal done.
If all this has been brought up before then sorry for reposting it and I'm not trying to steal any thunder. lol I just don't read every post so I might have missed it.
No, I did not just "stated" that and I have no idea how you come to that conclusion from that post. If you are referring to the earlier post where I said I didn't trade it while alerting people to the game at hand, that should be clear enough. To clarify I meant that I am not trying to beat the price down to get a better entry point. As for my current or past position on this stock, that is nobodies business.
Why do people say it is going to the pinks or back to the pinks? If you go look it up at the OTCBB website it comes up IN THE PINKS already. Just because the symbol ends with .OB doesn't mean it isn't a "PINK" stock. There are tiers and ASYIE falls solidly into the PINK tier.
The pertinent issue is if they fail to file the Caution warning on the page will change to a Stop Sign warning to indicate that the company isn't up to date on their filings. If they continue to stay non-compliant and fail to file more reports the Stop warning turns into a Skull w/Crossed Bones(Caveat Emptor)
Within the next 5 days we will find out the fate of the ticker symbol and the share price.
The "newsletter" that went out yesterday stated that it was a 1 day thing but I suspect that due to it's failure those involved may continue without notice. In my opinion someone is sitting on some shares at a loss or at least haven't made enough to recover their investment. Pure speculation of course but still worth keeping an eye on.
The third party compensated newsletter yesterday smells of desperation, IN MY OPINION. I hope honest investors don't get hurt but price action, post promo, usually leads to a lower share price than where the promo kicked in.
Isn't it amazing how many people under estimate what others are capable of in the name of need/greed.
"Why would KoolTel pick a "dirty shell?" To sell shares."
Buying then invoking the god of hope is never a good way to invest.
"investigation on the company finance....IF bad they drop it" which could be why Band Slam isn't involved but nobody here knows for sure. Maybe ASYIE had a price that was very attractive and Band Slam changed their mind for whatever reason but Kool-Tel was there to snap it up. Too many possibilities and too little information.
Please provide a source "it meets their requirements as a clean debt free shell"
Honestly I don't have a answer, only questions. Anybody here that offers up a absolute is a fool in my opinion. Anybody here that refuses to consider the possible bad outcomes is in denial or totally ignorant to reality. Seen allot of these penny companies fade away never to return. Would be thrilled to see it be the next one flying over 1000% minutes after trading starts on Monday.
I won't bother rehashing all the overly beaten scenarios because nobody knows what is going on behind the doors. Investing in ASYIE is a crap shoot at this time. I certainly wouldn't mortgage the house to buy this thing although the return could be friggin awesome if it pans out. lol You also have to be very aware of the fact that it could be a total bust too. The cost per share isn't high but it doesn't have far to fall and net a 100% loss.
Let's just make it easy on everybody.
Here is a template for all to use:
I think we get a 10K on xxxxxxxxx and it flys or flops.
So how this works is everyday that the 10K doesn't get released you just change the projected day. Today you plug in Monday. lol
That last hour is what ugly is and worse than I expected.Someone thought it was a great buying opportunity there at the last second. Maybe the crew going to try again Monday or just a speculative buyer hoping the drop is over.
I'll answer another persons comment while I'm at it:
Am I happy about it falling? Well ....
For a honest shareholder to lose .. No
From a ego standpoint .. No
From a person that hates obvious pump and dump situations .. Damn right I am. Glad to see boiler room workers lose and hope their boss beats them like baby fur seals.
Did I trade any of it? No Didn't want to be accused of manipulation but some probably think it anyway.
We'll see Monday if the "third party" wants to play more games.
UGLY Last.019 Bid/Ask .0141/.0160
I guess that RBB alert isn't going to take this to the moon. 10K gravity is just too strong. lol Keep stuffing the HOPE chest.
Just dying for someone to whack 0141
Not that I want to see any honest longs get hurt.
Looks like someone is trying to recoup their losses. Buying a small stash then slapping the ask. Now sitting on the ask in hopes of getting a few promo bucks back? Shining a light on the roaches has them running for cover. Ask dropping as is the bid. Somebody is in a jam.
I don't subscribe to the sight but found this on a search http://newsletter.hotstocked.com/newsletters/view/CETH_For_those_that_like_a_possible_Day-Trade_on_Fridays-376072
As for the morning "dump" I do feel the terminology used is a accurate description considering the Average Daily Volume is only 350,000.
The games won't stop after this one ends. There seems to be a fairly regular crew that revisits when the last mini runs cool down. Without substantial news I feel this continues to slide. Not to say these little pops can't be played but a true long position is foolish, IN MY OPINION, at this time for the reasons that I have stated in numerous posts.
BTW Thanks for the back-up. lol Been a one man show against the crew. And for the one to suggest that I am one of the supporters is typical of the games that are being played.
Yeah. I agree. It was nice work by me in exposing what I believe is a pump and dump happening the last few days.
As for your target number I feel you may have misplaced a zero and it probably should read .010.
Nice drop to .0150 right after your post in case you haven't noticed but I doubt anybody will note that it was shot down this morning when I suggested it. But hey! Charts don't lie. Sadly you only get out of them what you choose to put into them for ranges and time periods. And the results are interpreted by us imperfect humans. Toss in the inability to force human nature and you get mush. lol
Found it! As expected there is some little fish trying to make a big splash in a dry pond. Some wannabe stock pump site did a failed newsletter this morning. Their letter had the same rehashed old PRs selectively printed in bits and pieces to fluff up this bloated stock. Yesterdays action was just a prep for today in my opinion. Doesn't look like CETH was directly involved with the payment "by a third party" but we don't know if said third party was paid by CETH. If CETH paid the third party then it would show that they are in need of money and everybody knows that financing via promos is not a good sign.
StockExploder.com was compensated $12,500 by Wall Street Hustler, LLC for a 1 day "Marketing Program"<gag> and of course there was also the disclaimer that they could be selling into the promo.
So, still negative on this one but I can't see the future and could very well be wrong. It's your money. Only you can lose it or make it. Do your DD and don't blink!
May I ask who/what sent the alert?
Big gap down to fill from yesterday .017 is the price to hold but could easily break through due to this artificial push. After .017 is .015 from Tuesday as the next bottom support but very weak from what I see. Trading on air. No new news, no production, bills stacking up, gold prices dropping sharply. In my opinion this is one to back off of until something of true substance happens.
Might have been a major mistake depending on how much you tossed in there. I did a quick search on this program and NEOM. I found some ugly info which only added to the suspicion that this is going nowhere but probably down. The preloaded tickers are old remnants or just examples.
Here's a link.
https://duckduckgo.com/?q=%22ChangeWave+Research%22+%2Bneom
Or James Beatty has helped fleece allot of people and is now sitting fat and happy in a luxury apartment sipping champagne and lighting cigars with shareholders money.
Software companies seem to be a favorite tool to steal from shareholders. Look at CADUCEUS SOFT SYS as a prime example. They did a promo, dumped tons of shares and keep repeating the promo and dump routine.
See! It isn't my negative outlook causing the price decline. LOL
Seller bailed .0180 LOD Not seeing strength here. Could get worse in my opinion. You just never know with these shells.
Then a follow up .0170 OUCH!!!!!
Big 100K sell in there
Seller looking skittish. Somebody might want out before the end of trading today. See if they bid whack that .0180
Not a single trade in over 2 hours. I have a feeling that people are very wary of a mining company that isn't mining and isn't current on their required filings. Gold being way down isn't helping either. Not to say this company will never be worth anything but I can't see why it is even at .0193 now other than pure speculation. Pretty far cry from it's 52 week high that it hit when everybody thought it was going to the moon then found out that the fuel tank was empty.
Volume DIED and never really developed anything worth noting. Early buyers probably praying for a exit since they slapped the ask right at the open. Pretty dull outlook with delinquent filings hanging over their head.
NO TAKERS? ASK under last sale but nobody willing to snatch them up. I would think that this company being such a great deal, as being touted, that people would be jumping all over such a perceived deal. In my opinion it seems that there is very little interest in a company that is delinquent in filings and isn't currently in production (according to a PR that said they halted during this "merger" procedure)
Very little action after the initial 78K shares fluff buy this morning. Looks DOA to me. All just my opinion.
Just as I said, old news rehashed
ALL HYPE Don't get caught holding the bag!!!
Nothing of real substance going on. Company is still delinquent in filings and NO PRODUCTION to pay the mounting bills.