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Just an FYI: I got hit with a $40 fee from Scottrade (it may have been a pass through fee) when PEIX did their last R/S.
There's no telling with this company... why not save tax liability when you can just increase the A/S with the stroke of a pen anyway? It also gives the appearance of throwing shareholders a bone. It would seem that GERS is perpetually on the verge of something good. Strictly from a shareholder perspective, the only thing that they really know how to do is dilute.
Truth. Yet there will always be someone drawn in like a moth to a flame.
Great information here.... lovin' me some pixie... since 2011, learned a lot from this stock... both sides lol... nice to see one through... been trading from habit here (old habits die hard) but diggin' the way overdue dues.... enjoy longs. Serious numbers coming. OH yeah!!
I wish LOL, I was looking at them pre-market this morning but who would've guessed a day like that!
47M sell at .0003, followed by 50M sell at .0004
PEIX and GERS are apples and oranges. PEIX's ultimate surge was driven by market conditions (their previous reverse splits were killers). GERS is primarily lawsuit driven (for better or worse, I can't blame them but it doesn't change the facts). That makes it impossible to gauge. GERS may have it's day in the sun but that day may yet be years away. When lawyers are involved all bets are off LOL. Markets change, technology changes, etc. Like the man said, I wouldn't be betting anything that I couldn't afford to lose here. Where toxic financing lurks, no sustained gains are possible (in GERS case) without a court victory.
Agreed! Have a good one
Correct, but that's a mighty big IF.... and there's no reason that I can think of to not expect a steady dilution decline after that. YAGI will dump at least $100,000 worth of shares every month, just like they've been doing forever. This makes GERS a pure gamble that hangs on "hopes and dreams" rather than fundamentals. There are more than a few here that have sunk some big $$ on that dangling lawsuit carrot. All of which have suffered a total loss.
There's is just no way that I'd get in and hold through an R/S. That doesn't make any sense to me... Virtually every R/S that I've been involved in or watched has resulted in a 40-70% drop in share price within 30 days. Given GERS relationship with YAGI, it's a safe bet that it'll be closer to the top end.
The reduction in A/S is a valid point which I considered. It may indicate more confidence in cash flow towards debt. That's difficult to say without any real transparency. It could also mean that they don't intend to expand litigation further and get a handle on their debt. That being said, it doesn't really change the YAGI dilution factor... or for that matter rule out the possibility of increasing the A/S with the stroke of a pen.
Pump that GERS turd, pump it!
5M after hours at .0004
I'm saying that I've done my DD on GERS and I don't buy in to the positives while such glaring negative aspects exist. Namely YAGI toxic financing, dilution and outcome dependency on ongoing litigation (including appeals). Resolve one of those two major negatives and then I would take a second look.
Thanks, its been quite a ride lately! I don't mean to put words in "nobody's" mouth but I think he was being facetious LOL. He has most level headed and realistic perspective on GERS, IMO. It's because of people like him that do real DD and ask the tough questions that I even hang around here. I see potential in GERS but the timing is anybody's guess and I prefer to gamble on things that I know instead of courts, lawyers and toxic financing... but to each his own...
Small potatoes and meaningless to shareholders (unless losing money is the strategy). If GERS is doing so good and YAGI isn't a problem then why is reverse split #5 happening on April 7th?
BOOM! 25 million share after hours sale at .0004
That debt reduction was purely a result of dumping shares on the market. That helps GERS and YAGI, not shareholders. Not one bit.
Credit goes to Dutch1 for that data. Everyone here that doesn't already know will eventually learn that YAGI's toxic financing is GERS Achilles heel. Nothing will change here as long as YAGI is involved. GERS still owes YAGI over $24MM, GERS uses YAGI's lawyers for the litigation, GERS owes others money and they are also allowed to dump shares. Nothing will change here unless:
1) Alternate financing is found.
2) They actually get a win in court (7 years and counting).
This is the GERS reality, which is why it trades at .0005, why the reverse split is necessary and why there will be a massive dump/drop after the R/S.
It's doesn't matter much as long as dilution like this continues (and you can bet that it's going to continue):
Outstanding shares:
March 17, 2014 2.303 BILLION
March 7, 2014 2.106 BILLION
Nov. 12, 2013 760.39M
Sept. 30, 2013 508.48M
Aug. 14, 2013 293.95M
June 30, 2013 213.87M
May 14, 2013 147.44M
March 31, 2013 106.01M
March 29, 2013 116.76M
Dec. 31, 2012 63.97M
Nov. 14, 2012 53.52M
Sept. 30, 2012 46.62M
Aug. 14, 2012 38.76M
June 30, 2012 35.20M
May 15, 2012 29.37M
March 31, 2012 23.00M
March 30, 2012 23.00M
Dec. 31, 2011 18.10M
Nov. 18, 2011 16.40M
Sept. 30, 2011 15.60M
Aug. 8, 2011 13.90M
June 30, 2011 12.71M
May 12, 2011 11.65M
March 31, 2011 15.24M
March 30, 2011 15.23M
Dec. 31, 2010 13.98M
Nov. 23, 2010 13.25M
Nov. 22, 2010 1.827M
Sept. 30, 2010 2.402M
Aug. 23, 2010 1.827M
June 30, 2010 1.742M
May 20, 2010 1.361M
April 15, 2010 1.079M
March 31, 2010 1.001M
Dec. 31, 2009 0.4774M
Nov. 20, 2009 0.3116M
Sept. 30, 2009 0.0702M
Aug. 20, 2009 0.05M
June 30, 2009 0.0497M
May 20, 2009 0.05M
April 16, 2009 0.0246M
April 14, 2009 0.0246M
March 31, 2009 0.021M
Dec. 31, 2008 0.0095M
Sept. 30, 2008 0.009M
June 30, 2008 0.0083M
March 31, 2008 0.0085M
Good grief... So posting negative comments when there is an uptick is somehow wrong, even when the information is accurate? What if you're short on a stock?
Maybe they paid for that with the 20M sell I saw earlier LOL
I won't deny GERS's potential. The thing is that the only impetus is an actual court win or YAGI's exodus. Given the debt, YAGI won't be gone in a year without a court win. Even if they win there will be appeals. Since GERS uses YAGI's lawyers and money, count on more dilution in that scenario. Fundamentals are OK but toxic financing is and always will be GERS' shareholders Achilles heel. Just think of it in terms of being able to pay your mortgage and all of your bills with shares from thin air while thumbing your nose at the bank (shareholders). Time a lawsuit? $125 million dollars of investors have tried to do that so far.... Closer? Yes... But this ain't horse shoes.
One share for every 100. Hang on, you'll probably do fine. But you definitely don't want to be holding after the R/S. Chances are that there will be a pop before then. Just don't get greedy.
Parabolic dilution update:
GERS debt reduction is purely a result of dilution on the backs of shareholders. YAGI's toxic financing...
Outstanding shares:
March 17, 2014 2,303,862,883
March 7, 2014 2.106 BILLION
Nov. 12, 2013 760.39M
Sept. 30, 2013 508.48M
Aug. 14, 2013 293.95M
June 30, 2013 213.87M
May 14, 2013 147.44M
March 31, 2013 106.01M
March 29, 2013 116.76M
Dec. 31, 2012 63.97M
Nov. 14, 2012 53.52M
Sept. 30, 2012 46.62M
Aug. 14, 2012 38.76M
June 30, 2012 35.20M
May 15, 2012 29.37M
March 31, 2012 23.00M
March 30, 2012 23.00M
Dec. 31, 2011 18.10M
Nov. 18, 2011 16.40M
Sept. 30, 2011 15.60M
Aug. 8, 2011 13.90M
June 30, 2011 12.71M
May 12, 2011 11.65M
March 31, 2011 15.24M
March 30, 2011 15.23M
Dec. 31, 2010 13.98M
Nov. 23, 2010 13.25M
Nov. 22, 2010 1.827M
Sept. 30, 2010 2.402M
Aug. 23, 2010 1.827M
June 30, 2010 1.742M
May 20, 2010 1.361M
April 15, 2010 1.079M
March 31, 2010 1.001M
Dec. 31, 2009 0.4774M
Nov. 20, 2009 0.3116M
Sept. 30, 2009 0.0702M
Aug. 20, 2009 0.05M
June 30, 2009 0.0497M
May 20, 2009 0.05M
April 16, 2009 0.0246M
April 14, 2009 0.0246M
March 31, 2009 0.021M
Dec. 31, 2008 0.0095M
Sept. 30, 2008 0.009M
June 30, 2008 0.0083M
March 31, 2008 0.0085M
I stand corrected, thanks. It'll be interesting to see if more shares are issued (no shareholder approval required) or if a "run" is allowed to happen with no further dilution until the R/S. If it's allowed to run, the post R/S dilution selloff will be epic IMO. YAGI is going to make a bundle off of buyers.
PRE14C on March 7 had 2,106,215,881 shares outstanding
DEF14C on March 18 has 2,303,862,883 shares outstanding
That's 197,647,002 dilution shares in 7 trading days.
Shares locked up... I hadn't considered that. Your info on YAGI is spot on.
That being said, I think they can issue more shares without shareholder approval before the R/S (I know they can do it afterward). But it may be YAGI's intent to have a pre R/S run up. If they do, this is setting up for an ugly trap for the unaware. YAGI is going to make a killing post R/S.
Exactly... If there was no need for dilution there would be no reason to have another reverse split. YAGI has GERS by the tail, plain and simple.
There may also be brokerage processing fees incurred. Last R/S by PEIX cost me $40.
5.5M sale at .0004 after hours. YAGI tries to sneak another one in under the radar LOL
I would think that 760M to 2.1B OS in 5 months would be enough evidence for anyone.
Dilution schedule, courtesy YAGI:
March 7, 2014 2.106 BILLION
Nov. 12, 2013 760.39M
Sept. 30, 2013 508.48M
Aug. 14, 2013 293.95M
June 30, 2013 213.87M
May 14, 2013 147.44M
March 31, 2013 106.01M
March 29, 2013 116.76M
Dec. 31, 2012 63.97M
Nov. 14, 2012 53.52M
Sept. 30, 2012 46.62M
Aug. 14, 2012 38.76M
June 30, 2012 35.20M
May 15, 2012 29.37M
March 31, 2012 23.00M
March 30, 2012 23.00M
Dec. 31, 2011 18.10M
Nov. 18, 2011 16.40M
Sept. 30, 2011 15.60M
Aug. 8, 2011 13.90M
June 30, 2011 12.71M
May 12, 2011 11.65M
March 31, 2011 15.24M
March 30, 2011 15.23M
Dec. 31, 2010 13.98M
Nov. 23, 2010 13.25M
Nov. 22, 2010 1.827M
Sept. 30, 2010 2.402M
Aug. 23, 2010 1.827M
June 30, 2010 1.742M
May 20, 2010 1.361M
April 15, 2010 1.079M
March 31, 2010 1.001M
Dec. 31, 2009 0.4774M
Nov. 20, 2009 0.3116M
Sept. 30, 2009 0.0702M
Aug. 20, 2009 0.05M
June 30, 2009 0.0497M
May 20, 2009 0.05M
April 16, 2009 0.0246M
April 14, 2009 0.0246M
March 31, 2009 0.021M
Dec. 31, 2008 0.0095M
Sept. 30, 2008 0.009M
June 30, 2008 0.0083M
March 31, 2008 0.0085M
About 50 million dumped by YAGI and you guys get excited?
LOL.. enter YAGI... what was that? about at 45 million share dump?
It's your money, do whatever you want. 760M to 1.2B OS dilution says it all. More of the same and there's no end in sight. YAGI runs GERS.
The voice of reason returns! Noobs would do well to heed "nobody12378".
I know, right? LOL. But to their "credit" the A/S won't remain at 20 billion after the R/S, it'll be about 2.4 billion. Of course they can add to that without shareholder approval LOL.
From the PRE14C:
As a result of the Reverse Split, there will be about 2.4 billion common shares available for issuance. The Board of Directors will be authorized to issue the additional common shares without having to obtain the approval of the Company’s shareholders. Delaware law requires that the Board use its reasonable business judgment to assure that the Company obtains “fair value” when it issues shares. Nevertheless, the issuance of the additional shares would dilute the proportionate interest of current shareholders in the Company. The issuance of the additional shares could also result in the dilution of the value of shares now outstanding, if the terms on which the shares were issued were less favorable than the contemporaneous market value of the Company’s common stock.