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Don't want to miss this train when she does leave. Check out the chart (longer term). All market indictors point to return (UP!!)... Down-tick is impatient day(ish)-traders seeing other more immediate opportunities.... This one is looking to .30-.40 within the next couple months IMHO...
BRGO!!
Evidently great DD here... can someone sum up?
Indeed. I wouldn't expect anything for a long, long time... there's a lot of work to be done.. there are no guarantees... everyone who got in knew this. I do expect the pps to hit below. 0005... and not necessarily ever surface. Of course, if you accept all this and youre ok with losing everything, you wont be disappointed. Have a nice day.
Good morning all!
What would 37 more of those 10M slaps do to the price (400M buy-back)? If this is how it happens (is it?), and they've thought strategically... buying back corresponding to an unveiling of big news, pps rise would be absolutely ridiculous...
Better than 10M... the 9999999 says "I want to get as much as I absolutely can"... roughly $6,000. Not exactly industry-level (per se), but collectively, in less than ten minutes, someone dropped $18,000... that's getting there!
Absolutely MASSIVE ASK-SMACKAGE... come on MM's... let this Bronco out of the gates!
I can feel it... coming in the air tonight... hold on...
GREAT JOB Zen! Among other things, it suggests what they must view to be a decent share price in expected value... $10, right? Then again, if he was interested, why the heck wouldn't he try to pick up that amount of shares at the current rate of .72??
"The Company is continuing its current business model, but also currently contemplating a change in business focus from oil and gas exploration activities to internet, technology and entertainment related businesses, however, as of the date of this filing, the Company has not undertaken any actions in connection with its contemplated internet, technology or entertainment related operations."
Seriously now folks, why the HELL do you spend a decent amount of money (and time/effort) to buy a shell, change the name (etc.)... have a reverse split... all of which reveal a new purpose/intentionality, without an evident plan/means to make it operational, without taking steps to make it operational, and even the language corresponding to transition from former oil and gas to internet is tentative ("contemplating")?
Common sense/logic lead one to believe the 10-K was merely an immediate hoop-jump, everything conveying the minimal to keep up on filing... while (hopefully) the real story is they are putting it all together in the background. Any experts here who can shed light on the value to Krieg/ GNZR?
Morning all! Another day hiding in the brush. :) Any news from Wayne?
CBCGQ super strong/beginning to run again... Chart, market, expectations, recent news... seems inevitable for this not to head back home and rocket past .40 by summers' end (from current .03)....
CBCGQ super strong/beginning to run again... Chart, market, expectations, recent news... seems inevitable for this not to head back home and rocket past .40 by summers' end (from current .03)....
Nice .0006 ASK-SMACKAGE going on.... At some point this bucking bronco has to be let out of the stall... but when?
Here's hoping! I'd like to pick up some more .000x's... thanks for all your help in this regard, it wouldn't have been possible without you!
Awesome press release yesterday. Great investor communications. Great news expected. Clearing out the system now... hoping for clear, blue skies.
Only question on that... how do they gain if pps doesn't eventually and ultimately go up? I understand if plan is to clean a shell for sale... not for a company with big ambitions through this vehicle!??
Well put. I forwarded it for what its worth... will report back.
Sensible enough. Just amazing to me how decidedly bleak many here are... giving zero credence to a profit motive (duh)... and plausibility of what is contained in stickies...
My .11 position is needing company... come on folks!
If you really believed that, you'd sell.
Agreed. Very sound/reasonable deductions... except for your "less than 50%" probability of gain... IMHO those who get in around these levels will have potentiality of HUGE gain with expected stream of news... biz launch... unveiling, etc.
I would agree - that he doesn't care in the slightest about the current share price, any more than anyone else who's in development phase cares about whether or not they have any sales ... until it hits the shelf. He/they're big-picture, long term focused. Disagree or not, doesn't matter to them... doesn't matter to me. Investing now is your choice, and your risk... entirely a speculative venture in absence of details... until the product is on the shelf.
That said, I have expressed my personal reasons for confidence. I own a couple companies and understand this process. I'm confident they're doing every thing the right way. Again, don't care if you agree... and in fact, benefit if you don't....
You want to bash, be cynical... welcome to your rewards... current sp. I'm encouraging you. I believe big news is soon, and will pick up anything any of you want to drop in this range.
To believe or not believe, that is the question.
Holy Shnapola! Rock and roll time...
No trade for 25 minutes. Building combustion.
None of the shorts have covered... Very interesting. She's on the way back up. Kaboom?
Time to fly? What are the details of expected merger (with whom, etc.?), and share buy-back?
"Discuss" being the operative word, implying openess. Let's not reach here. All the cards I'm aware of are on the table. And with that info, shadows though they may be until realized (why they've been called "futures"), we find variance of opinion... those who are big believers (myself), those who think it's a scam (M0NEY), and those who enjoy the sport... like to stay non-commital and dance in the middle and shake everything up (yourself). Makes this a study in itself... but with integrity/consistency of words/actions as a norm... one must ask how or why one adamantly opposing a security, pronouncig it a scam, predicting its failure... would choose to remain, particularly when their language would only serve to drive it further down?! It's at least as perplexing as assuming a company would make decisions with the intent to lose money (long term)... (quite unlikely, unless they're wanting to clear it out for re-sale).
I'll stand by my speculation/position with my actions... and purchase any shares on bid anyone wants to sell. If one really believes their shares to be "worthless"... and we can assume people invest to make money, I think we'd see a whole lot of red lighting up the board. And yet....
On the point of trading behavior, seems to me if one really believed this to be a worthless scam, total disagreement with management, possibility of success (etc.)... with no where to go but down, they would sell and be gone.
You know, I'm in at .030-.031, so not excited about the free-fall, but it did not collapse like a typical P&D... really maintained well above .030, and now still pressing upward... .025 x .027 from opening drop. Ok... so I'm not entirley tuned in to the DD details here, but it's exhibiting some very solid support and generally upward momentum... a strong "feel" that any number of announcements corresponding to the bankruptcy... particulary suits over the assets seized by the FDIC... will send this absolutely flying. With those anticipatory announcements a month ago, we're due. Gotta ask the question: do you want to miss the ride?
IMPORTANT RECENT DD: (for newbies)
[Can anyone else please post some current information pertaining to CBCGQ with pps implications? Thanks.]
[ March 8, 2010 ]
By Patrick Fitzgerald
Of DOW JONES DAILY BANKRUPTCY REVIEW
The former holding company for Colonial Bank, which was seized by federal regulators last year, is suing the Federal Deposit Insurance Corp. over the rights to millions of dollars in disputed assets.
In a lawsuit filed Thursday evening, bank holding company Colonial BancGroup Inc. (CBCGQ) sued the FDIC, the bank's receiver, over the rights to a number of assets--including tax refunds, proceeds from insurance policies and other
property--that it says belong to the bankruptcy estate. The FDIC, which sold Colonial's assets to BB&T Corp. (BBT), claims it has dibs on the assets.
The restructuring professionals overseeing Colonial BancGroup's Chapter 11 case are asking Judge Dwight H. Williams Jr. of the U.S. Bankruptcy Court in Montgomery, Ala., to decide whether the assets are property of the bankruptcy estate.
The FDIC was named receiver of Colonial Bank after regulators seized the Montgomery bank in the summer of 2009. Colonial, which had $25 billion in assets and $20 billion in deposits, was the biggest bank failure of last year.
Colonial BancGroup is also asking Williams to deny the FDIC's claims, including fraudulent transfers, filed against the holding company.
In court papers, the holding company denied that any such fraudulent transfers occurred.
"To the contrary," lawyers for the estate said, "Colonial Bank was the recipient of numerous transfers of property...that constitute fraudulent or otherwise avoidable transfers."
At issue are assets that the parent company said it transferred to the bank while it was insolvent. Such transfers, which could be worth hundreds of millions of dollars, can sometimes be unwound under bankruptcy law.
Among those transfers, lawyers for the parent said in court papers, is a $166 million tax refund the holding company received in June 2009. "All or a substantial part" of that went to Colonial Bank to shore up the bank's capital.
The holding company said it pumped some $121.5 million in cash and loan receivables into the bank. It also loaned $120.6 million to an affiliate to acquire a portfolio of subprime loans from the bank, loans that have "proven to be substantially uncollectable," according to court papers.
Colonial BancGroup and the FDIC declined to comment.
Under bankruptcy law, creditors can file lawsuits seeking to recoup payments a troubled company made in the months immediately before it filed for bankruptcy. Such lawsuits are common in Chapter 11 cases, as they often represent unsecured creditors' best shot at recovering what they're owed by a company in bankruptcy.
But in a recent bankruptcy-court filing, lawyers for the FDIC pointed to Colonial BancGroup's creditors committee as the force behind a "massive litigation 'support' effort."
The FDIC said that even if the committee succeeds in reclassifying the agency's claims to nonpriority unsecured claims, it wouldn't provide much benefit to unsecured creditors but would simply increase such claims to $1.25 billion from $350 million "for what may be a negligible amount of distributions."
The Alabama State Banking Department pulled Colonial Bank's charter, and the FDIC sold most of the assets to BB&T, which also took over all of Colonial Bank's deposits. Parent company Colonial BancGroup filed for bankruptcy protection 11 days later.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.)
-By Patrick Fitzgerald, Dow Jones Daily Bankruptcy Review; 202-862-3544;
patrick.fitzgerald@dowjones.com
[RE-Posted from other CBCGQ post]
CBCGQ!!!! cash-flow poitive...see 8-K...which is why they are sueing FDIC for pre-mature takeover
CBCGQ MADE 2 MILLION DOLLARS LAST MONTH DYDD from 8-K SUMMARY OF CASH ON HAND:
Cash on Hand at Start of Month
$ 37,264,504.79
Cash on Hand at end of Month
$ 39,136,953.16
PLEASE PROVIDE THE TOTAL AMOUNT OF CASH CURRENTLY AVAILABLE TO YOU. TOTAL $ 2,151,445.77
This piece of junk has no hope... 1000/1 scammer idiots... lame excuse for a site... unwilling to answer the most basic questions! Time to abandon this joke... quit wasting time... sell all tomorrow and be done with it!!! Put money where mouth is! Who's in?!
Agreed. Absolute piece of junk. In fact, anyone who has any shares should dump them first thing tomorrow. That will show them.
Slo- wish I had a direct line, or he would respond to direct inquiries. Clearly they've got other things going on. Quite frankly, I don't mind if this thing is pounded to oblivion right now (pre-release)... because I and others can pick up more at a steal before the releases... so it's all good.
Thanks. I'll be buying... with any luck you'll get her down to the 000x's. That would be great!
It's a company in the unveiling. Give it a rest already on disclosure. We're tuned in before the broadcast. That's the risk, but also the opportunity. I do not fault him/them for not catering to short-term, immediate appetites for information. I'm confident info will be revealed when the table is set... and at the opportune time. Clearly, we can reasonably assume he's in this to make money, and within the realm of his expertise (and that at his disposal), will make decisions based upon that objective.
Indeed. Thus is the reward/risk ratio for those who might get in now, vs. when it's much higher after such disclosure. I prefer to be in now, prior to such disclosure, at the current pps and prospect for much greater gain (or loss)... and leave others' decisions entirely to their own sensibilities (presumed).
Keep in mind their intention is to be in dollars land. And for shares to have value for anyone... Marc or anyone else... they need to HAVE value (profitability) and be liquid. Current pps x 1000 puts r/s pps between $2-4.50 ... so the structure and prospective company disclosures are HUGE in appraising investment decisions here. IMHO... based entirely on Marc's background and some reasonable assumptions mixed with a lot of hope... we're going to see this company come out of the gates BIG right away... in league with big names and with big name contracts... and that will be a groundswell for the future expectation of industry-defining, explosive growth. In short, I'm fully anticipating a Zuckerburg (Facebook) to the digital music industry... and believe in a short period of time you'll revisit this post and understand why I'm predicting $20+ pps near term....
We're clearly tuned in before they're ready to broadcast. A good place to be- IMHO-- we have reason to believe we'll have those answers soon. Good things coming!
If only the good/solid DD and optimism on this board was hard-wired into investor behavior/pps... we'd be into the dollars.... Some boards you have to fear exaggerated optimism, but solid reasons to stay plugged in here.... Of course, in PK-ville, a company's value and how investors invest are often disconnected... here's hoping they're on a collision course for the long haul... for more than a spike... but that's asking alot! Best news, if sustained... we may see .002+.