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Thanks for your assurance but I had reduce my position to a above minimum after the conversions of millions of shares just in this month
I am still champion this company and I will be fully commited at later date
When all the converted share sold out or atleast reduced to manageable size
I am still an investor in this company, I had to reduce my position due to the recent conversion of millions and millions of shares, give one good reason to get a good position in this company, and I am in
U keep taking about Larry promoting this product, is he really promoting it or Is the company using his name to promote us, the share holders, can u give me any advertisement that shows LArry prompting this product
And where, and please don't show me his picture on our product, thanks
Phatlander,
I am serious about investing serious $
In this company, I am not here to bash
I have good shares in this company and I need to buy more, my worries are the amount of converted shares that just recently converted, are those companies are willing to wait before they start to dilute, or is it a war that I am forced to get into, and I am sure I will lose, cus they have their shares way below market, and I am buying it at market, that's what I am afraid of
Thank u, that helps a little, my concerns is not the product itself, it's the company that utilize it, in penny stocks as we all aware of, is the amount of share converted, and how it effect the price. If there are 120 mil converted just recently, what is that going to do when I have, let's say 5 mil, can I sell that with ease or do I have destroy the stock in the process
All these companies have already converted their shares, and waiting to sell on the open market, that's my concern, by the way, Larry the cable guy, is not promoting the stock outside this forum, we r using his name to promote share holders confedance, I did not see any where where Larry have promoted the product anywhere, simply, we r using a name that has a value, yes his name is the reason I got in to this company,
I need more assurance, and more contract, I also need a PR through a market wire not Face book, this way I know it's documented, thanks again
James, it seems like u know about this company, can u read my posts and answer my concerns, I really appreciate it, I would love to add some on my plate, thanks
Naturally, they have to counter sue, but they should have been the 1st,
what is GEL and others will do? well what do u think, what would u do??
if and only if the stock wants to naturally go to a penny, You think they will not dilute? ha, its a WAR between these company who already converted all or partial of their shares. DO u think they will wait till it reaches a penny, why would they, and how long do u think they will wait, when they know somebody else wants the lion shares. I say good luck to those waiting for a good run. remember it did go to a penny, last month or so, and then what happen, yes u r right, it went back down with only 6 or 7 mil.
IMAGINE, hat would 20 or 30 mil will do,
Hay, you maybe right, everybody talking about 2015, and how great this stock will be, there are a lot of shares waiting to be dumped on our you know perfectly where, I doubt the 2015 could do the trick, but hay,
without liquid, not much could be accomplished,
God, i hope you are right, but just consider this from the company
General & Administrative Expenses
General and administrative expenses increased approximately $71,000 or 8% to approximately $969,000 for the nine months ended September 30, 2014 as compared to approximately $898,000 for the same period last year. This increase is due to the effect of guaranteed minimum royalties.
Capital Resources
As of September 30, 2014, we had cash and cash on hand of approximately $48,000 and a working capital deficit of $2,746,000 as compared to cash and cash on hand of approximately $3,000 and working capital deficit of approximately $2,634,000 as of December 31, 2013. The improvement in our liquidity and change in working capital were primarily the result of a settlement of stock subscriptions by issuing shares to an investor (one investor?)in the quarter ended September 30, 2014.
Although the Company has generated revenue through the sale of its products, the Company's cash flow has not been sufficient to cover its operating expenses and the Company has had to rely upon proceeds from borrowings and from the sale of common stock through private placements to fund its operations. During the nine months ended September 30, 2014, the Company received gross proceeds of $653,000 under its various borrowings. We anticipate that we will need to rely on sales of our securities in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will be able to complete any additional sales of our equity securities or that we will be able arrange for other financing to fund our planned business activities. If we are unable to fund future operations by way of financing, including public or private offerings of equity or debt securities, our business, financial condition and operating activities will be adversely impacted.
They generated $50,000.00 [color=red][/color]in 9 months, am I reading this right? 50K?? this suppose to be for 2 weeks not 9 months, how are they coping with these losses, they keep converting more shares into the market, and we are suppose to buy more shares to bail them out, does anybody know what is the OS now
Are they for real? Inability to ship product, due to TCA lawsuit, I would like to see the details of the lawsuit, why would any company sue another, I have a company, and trust me, nobody wants to sue unless they have some ground for it. It cost a lot to sue, Mr. Veal said in his letter, its their fault, if so, why don’t HJOE, sue them 1st. don’t u think? I would like somebody, perhaps Mr. Whiston could, Thanks, I appreciate it.
Please read the statement from the company below
During the nine months ended September 30, 2014, the Company generated approximately $50,000 in net sales compared to $322,000 in net sales in the comparable period last year. The $272,000 or 84% decrease in net sales from the comparable
Derek
I don’t want to bash this stock, I already have shares, and would love to have the stock do better, but
Can somebody explain this to me, they have total sale of $49,000.00, yet they have their expenses increased to $363,000.00, below is from the company, please read;
General & Administrative Expenses
General and administrative expenses increased approximately $160,000 or 79% to $363,000 for the three months ended September 30, 2014 as compared to approximately $202,000 for the same period last year. The increase was due to payments using stock in lieu of to incur charges due to our financial condition under terms established in a prior year when our stock prices were lower ad the effect of guaranteed minimum royalties on our contract with Larry the Cable Guy.
I also would like to see what Larry is doing for us, paying royalties,
are we just using his name only for share holders, to set confidence or is he marketing our product , using his name?
Howcome there r no picture or any news on the last conventions we supposedly had 2 of them? Where they even there?
So how many mil shares are they going to dump on us, I still have 700k
It's going to the 20's again mark my word guys
U r kidding another lawsuit? What the hell
A Freind called the TA last week, u can call and verify
Call the TA
The OS is now 330,000,000, there are 120 mil increase, I would like somebody from the company to tell us what's that increase for
Nice quote
That's right it's the law
Good I will buy it all bring it on 10 mil at .0017 17k I can sell one mil for $50,000 all day long in jan 2015 I can wait
U r very wrong they have to 8k
U think the same way I do I bought 2 mil at 0062 I am ok with it cus I'll accumulate 10 mil more this company has a lot to offer
Veal will make u proud of him give him sometimes 2015 is more like it I will wait after I get 10 to 15 mil
Also u can ask them about the sale
I wish it can come down
Me too 10 mil at a minimum
I was ok today
Good job Derek
I wish it goes down so I could buy the hell out of it I need10 mil
I love it I am in it for till forever it's the best stock there is at least the product is on the conveyor belt
I had it at .0025 for more than a week I have a lot but I need more
Why don't u take some pictures and show some of the nonbelievers
I forgot to tell you, all the bigshot people do it, what you said only apply to small guys like us,
That's a good explanation thanks
Derek get some more I know I am
Better get some more trust me I know I am tomorrow for sure
U r right, of been doing pennies stocks for almost 10 years, I have never seen a stock with the product on the conveyor belt less than .10
It's only .004 guys please
U guys need to to realize that the price of stock is .003 if we have A few contracts the price will not be less than .15 as long as there is a product on the conveyor belt, I am in
Yes I checked it 2 mil