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Wonder how many people are looking for Stain Pens on Black Friday?
Am guessing not many. This company has a single product (actually two if you count shares to be a product) and they seem to focus more on using pen promotions to sell shares IMO.
Buyer beware...
Now having Diddy on a poster and at an event IS VERIFIABLE!
And having your stock price decline by 20% on that news is also VERIFIABLE!
Where the 400 million shares went that the company issued in the last 3 weeks is QUESTIONABLE and should be a concern. I think I might know where 4.7 million of them went by looking at today's chart.
What a difference a couple of days makes...
Only if they get rid of them before a lower low is established and given the trading of this stock seems much more likely than a higher high!
People thought they were getting bargain shares at 0.013 a week ago and even better bargains at 0.009 a couple of days ago.
This one is swirling around the bowl. Grab a ZAPZ pen while you can to remove the stain from your undergarments when they hit .0001 - not likely long from now given trading and likely issuance of shares to promoters and all of the companies they bought.
All IMO but I do not see a business here and frankly do not see enough interest from investors to make this a flip candidate.
Scrapped or scraped?
Either way...not good news.
How is that great news? Is this the Pencil Grip order that was announced a while ago? If so then it is taking Greenbridge way to long to fill the big orders (if they are real) and no supplier will sit around and wait when they could have Tide Pens in a day or two.
Maybe in a few stores by Christmas....Q4 sales may not even go above $1000.
And to top it off...they hand write the addresses on the pen bags AND Suzie's signature (computer generated) says SALE department instead of SALES - but that may be accurate as Suzie may not have made more than one sale!
Given the relatively small following that the company has he needs to release after hours on Friday so that all that own the stock will talk to others over the weekend and hopefully build up some buying momentum for Monday morning.
I am guessing that several posters here told others about the big news with MIKP over the weekend in the hopes they too would buy in and drive the price higher. Unfortunately, there appears to have been too many shares available for it to move higher (about 400 million too many IMO).
From Mark's sworn statement that is part of the Financials posted at Pinksheets the A/S on November 5th was
Outstanding Shares
1,584,461,879 as of Nov 5, 2009
In a matter of 15 days he used up more than 400 million shares for what???
And you wonder why you can not run from here!
ctp, from the TA just now:
As of November 20, 2009
Float:
? - when I pressed for it, a manager got on the phone and explained they don't give it out - said you can calculate float many ways.... 'could be free trading, could have affiliate shares included. people calculate it different ways. for that reason, we don't give it out.' (fyi - as of Nov 4, per iBox, float was 1,283,849,138)
OS
1,990,961,880
AS
2,000,000,000
cheers,
Thurston
Perhaps Mark had given shares to too many others at very cheap prices so while he thought that this would make the price go up, others chose to just take whatever cash they can get just in case Mark raises the AS to 5B soon....VERY SOON and that pummels the shares even lower than they are now.
My bad...apologies....
You are welcome Clay.
Remember I am not the bad guy here...just trying to keep things real on the board.
Funny how pretty much every company PR'd by GRBG is non-traceable! One would think that a marketing firm might have done a better job marketing themselves.
Will have to wait and see how many shares they are given for their job when the next financials come out - but you might be able to figure it out by the number of shares that get dumped on the market in the next few months.
Agree with Clay. Not them as it is a Pensacola Florida company.
here is what I found:
http://www.manta.com/coms2/dnbcompany_75xvpk
And if you search Jumpstart marketing, inc. along with new york then you come up with this one.
http://www.jumpstartonline.net/index.htm
Not sure you want either one to be true!
Let us all know when you find out.
Maybe ask how that Pencil Grip order is going as well...hopefully in stores for Christmas!
So can you name one product that GRBG now owns as a result of buying this innovator called Brightside?
Name one product that Brightside makes that GRBG now owns and expects to gain revenue from in exchange for diluting your ownership? Just one! Any one! You bought a shell company with a nice name...from what I can see.
So Brightside Products was incorporated on October 20th and 23 days later GRBG pays $300,000 for them?
In 23 days from incorporation until takeover they became an "innovator of all-natural, blah blah blah".
Nice deal if you can make it happen....
Pay a few hundred bucks to incorporate a company and then get your buddy to buy it from you for several hundred thousand dollars while the current shareholders wait for the revenue from this great dilutive buy to roll in.
Wake up guys...
So whose shares are they selling if that is the case?
And let's be clear on how and why they have the shares. The filing says they got them for "Consulting Services" provided to the company.
And, just following up on yesterday's unanswered questions: Anyone able to provide income for past few quarters for the various companies that GRBG bought with your money via dilution?
I was with you Lang. Tried to point out to everyone here how absolutely ridiculous the financials were and that they were doing funny things with Accounts Payable and shares issued etc and sales etc. Pretty much every line in the ones that Jared posted for all to see were laughable and so obviously fictitious that it did not take much to see there was more happening here than the pumpers wanted to talk about.
Now I see TH III is over helping Mark at MIKP and others are trying to help Bill Whyte at GRBg and I suspect that both of them are heading the same place as this one....
Excuse my ignorance of this but can pinkies actually go to Quad Zeros or is Triples as low as they go?
Big Players like the SEC? Or who?
So do you think Big Apple will flood the market with another 175 million shares in Q4 as well?
If so they will likely be the ones that Bill has exchanged back in for preferreds because he needs to do that to not raise the A/S THIS QUARTER. Next quarter....who knows how he will do it....
I will not be buying the stock. I am just trying to figure out why you or others either bought or still own it?
If you can not tell me what is promising about it then I wonder why you still hold it....
I came here thinking thsi might be a good investment. I like enzymes and use them at home.
However, I am thinking this company is nothing more than a printing press for management. Thought I would ask what I am missing that has the rest of you so excited before I dismissed it.
So, really basic question? What is it about the business prospects of GRBG that has you and others thinking its share price will increase from here?
The fact that you agree on all accounts is incredibly funny to me...
Still looking for my first penny stock to trade but just can not seem to find one that does not smell like a scam.
Perhaps I am not intellectually challenged enough to buy any of these things....
Anyone who owns them or is cheering when they go up - alpcks, I am looking at you!
By the way, anyone know the last quarterly income for the big acquisitions that GRBG has done and that you are all waiting to see announced at the end of the next quarter???
I helped you with the Shot Spirits one. Likely another $600. How about the other ones?
If you are playing this for a flip, great. If you think a revenue generating business is being built here - look for the revenue and report back.
How long are the GRBT shares going to be restricted before you can actully sell them? Anyone know that?
Or is it the Shot Pack revenue we are waiting for?
They just said they made a grand total of $660 in revenue for the third quarter so yes, that would double GRBG's revenue total but I am not thinking alot of people ar going to be excited by the Q4 numbers being around $1,500 in sales.
You do know that Shot Pack only makes a royalty on what is sold, so for the PR to say that they expect revenue of $500,000 in the first 60 days means actual sales would have to increase by about 100,000%.
IMO, do not wait around thinking revenue is coming, try to figure out the game they are playing and look to get out before you become a bagholder in thsi thing.
Go check out the financials for shotpakc at pinksheets and see the massive load of debt you just took on.
rskybns..
Not according to the PR. The PR issued by GRBG says they are a sub of Organic Product Solutions.
I had actually come up with what you found but I need to trust what the company PRd and that made me say this IS NOT the one that GRBG bought. Look alike and sound alike but not it from what I can tell.
Great deflection Claypool.
Would hope that most investors that just saw their company give away 8.3 million shares might ask what they were getting in return.
I guess your definition of due diligence and mine are a bit different.
What DD did you do on Brightside? Other than read the PR?
Actually Clay, I called that one as a massive SCAM almost from the day I looked at it...so to say that I was a follower of it...not so much. Never owned it but did make honest comments on the concerns I saw after looking at it.
This is not looking much better so just trying to either ask what I am missing here in terms of what has you excited or, if not missing anything, leaving a warning or two for others that you may be trying to play as the sucker of the day.
Or we can do it this way. You said that the revenues are all in this quarter and ahead because in Q3 the company was buying up other companies, so then the simple question woudl be, what revenue do you expect from the Brightside acquisition? And on what do you base that?
From my perspective, an online search for "Brightside Products" LLC produces about 40 hits in total and each of them is the GaRBaGe press release.
So, what were Brightside's revenues the last 4 quarters or what do we expect them to contrbute to the bottom line here in the next 4 quarters? Really simple questions.
Akuma,
Other than this PR, can you please direct me to any information on the companies mentioned: Brightside or Organic Solutions. whether they paid them $250,000 in stock valued at 3 cents a share or 3 dollars a shares, if the companies do not really exist or have any income or actual products or distribution...they paid them too much.
I am having trouble finding the positive in the financials that were just posted. Lots of troubling info there though IMO.
Does anyone know the conversion rate on the preferreds that are outstanding?
Anyone care that in one quarter the company burned through more than 125 million shares? going to run out of them soon.
Sales of $828 for the quarter...YIKES
Book value of less than .002 per common share and that is giving no value ot the preferreds so actually book is much lower. And this gives value to the investments the company carries on its books at about $223,000 of value or around 30% of its total value that it acknowledges are shares in INACTIVE companies.
Fitting that the symbol would be GRBG for this. Just missing two A's and an E at the end to be fully descriptive.
May barely pop back up but this one is over...not sure why some think there will be another run. This one is so tainted that no one will buy anything they say now.
Not sure why anyone believed what they were saying before...I found lots of reasons to stay away from this one just by looking at their public statements.
Sorry to those who got sucked into it and have lost. Not sure why you would not sell at this point and at least get out with some cash...if you can sell and if what you own is worth more than the commission to sell.
Lots of other good investments out there - mostly not in the pinkieland though.
And my opinion on Thurston Howell III, FWIW - definitely in on this. Got a nice all expense vacation out of the deal and now talking up Mark N's company.
Triple ZEROS!
Took longer than some of us thought but here they are....to stay!
When a poster points out to YOU directly that your CEO has been lying to you, then, YES, trust the message board poster:
Posted by: enzymesarecool Date: Monday, July 20, 2009 12:58:17 PM
In reply to: lazyfaire who wrote msg# 163642 Post # of 177402
Lazy,
Here are some errors:
Q2 sales are $504,000 - you do know it is a 1 in 1000 shot that the sales number would be an even thousand right? This is not a company reporting in (000) - Very convenient number to come up with and highly unlikely to be true.
Q3 sales were a triple ZERO again (7,975,000) - buy a lottery ticket Jared because two quarters in a row of even thousand dollar sales is incredibly lucky - to be exact it is a one in a million chance that these numbers would be true (1000 times 1000 - the odds of each event happening separately)
Q4 COGS is another triple ZERO number at 425,000 - can I rub your belly Jared cause you've got luck written all over you
And before you say that he is just rounding the numbers, these are the only numbers that he has control over that are rounded. In each of these quarters, where sales are triple 000, COGS is non-ZERO to the decimal and where COGS is 000, sales is non-ZERO to the decimal.
Let's not even get into the fact that his gross margin on similar sales numbers went from 19% in Q1 on 630,000 sales (my rounding) to 27% (no rounding) in Q2 on lower sales at 504,000.
Q3 monster sales of 7,975,000 generated a record gross margin of 45% and then in Q4 when sales fell back to earth at 832,571 you would expect gross margin to retreat but it kept going to 49%
Q4 receivables went up by more than Q4 sales - absolutely impossible unless there was $400,000 of bounced cheques in Q4.
Any auditor will see very quickly that what was presented to shareholders up to this point seems to have been completely made up - the odds of the numbers presented being true are astronomical.
So the auditor will likely walk away from the engagement before it is over and then end up suing Jared for payment. Smart auditor will ask for cash upfront (if they are reading this)
Lang - that really is all that is left at this point. The unconscionable position of attempting to con someone else into buying shares that will likely end up worthless at a slightly higher price than it is at right now and then resting behind the Buyer Beware adage.
Not part of my moral playbook....
Maui,
Perhaps that attitude is why, as you noted in an earlier post, you were in bankruptcy court a year ago.
You are trying to flip tails on a two-headed coin here.
Maui,
I would take my dollar to a card game where the dealer was not crooked.
Maui,
The only confirmed revenue for this year was a single bottle to a McDonalds franchise for about $6.95 - the rest is all likely lies based on history here.
And Lazyfaire...come on....tell me the only reason you are cheering this on is to try to get it up 0.0002 or so and recover a little more of your losses. You know this pig has an apple in its mouth...
Lang,
Definitely sarcasm from me. I called no audit from the start and I called this SCAM from May when I dug into the numbers. I just did not figure out how Jared was specifically screwing everyone.
I feel bad for those who lost money on this but it is mostly because greed took over and they would not listen to those of us who tried to warn them that Jared had been proven by his own words to be a liar...and a bad one at that.
This shell goes back to Belmont eventually and the current shareholders get RS of about 1000 to 1 or worse with a name change to clean it up a bit.
WowGreen moves on to another enzyme company with an equally super secret sauce (if it survives at all - not sold on the concept of MLM cleaning products that cost alot more than you can get at the store - not in a recession at least.)