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Lets see; my first flip was .0017 to .0025, then I flipped .0014 to .0019. Then I bought at .0011, 1 mil shares to hold and see how the Fernhill spinoff would go with multiple promises coming about all the great things coming from Buzzy in order to see if some of the promises made by Buzzy would come about. However, my shares never showed in my account and Buzzy failed to deliver on any of his promises. (All before you were on the IHUB boards by the way.)
After the ex-dividend date and the promise of close to 70K shares I sold my holdings in VGID at .0009 taking a 18% loss but hoping to recoup from Fernhill, in the meantime VGID dropped and I was able to flip .0003 to .0005 three times and this year I have flipped .0006 to .0006 three times and bought 3 mil shares of 6's last Friday that are set to sell at .0008.
When flipping VGID, I always buy a 3 Mil lot, so lets do the math;
Flip 1: $2400 / 47%
Flip 2: $1500 / 35%
Flip 3-9: $600 ea. ($3600 Total) 33%X6=198%
Buy/Hold: -$200
Total gained from VGID trades over 2+ years: $7,300 / 280%
Now if I had just bought my first 3 mil shares at .0017 and held; I might have 250,000 spinoff shares of Fernhill (that I will value at the moment at .006 and assume that they were available to trade) making my original Buy and Hold investment worth:
VGID Shares 3 mil X .0007 = $2100 (a loss of $3000)
FHBC Shares 250K X .0060 = $1500 (Makes up for 50% of the loss)
Grand total of my return if I had bought and held trusting that Buzzy will lead my account to riches is a total loss of 29%.
Which would you prefer? Gain of 280% over 2 years or a loss of 29%? Buzzy does have a slot machine going here if you figure out how to use it; although I'd be wary of committing too much money to anything involving Buzzy.
However, I digress as I started this reply in response to your theory that flippers will never make money here! Flippers, toxic dilutors and Buzzy are the only ones making any real cash here and it will be the same in his spinoff companies too.
Agreed, nothing has been delivered by Buzzy except for new believers in the empty promises he is selling. However, on a positive note...my $1800 order for 6's was filled today and based on the days close, I may have my order to sell at get filled early next week for my 4th trip this year flipping 6 to 8's...thanks for the good work Buzzy! Gotta love the predictability that comes from a CEO who can effectively sell Blue Sky and Promises. I made such flips with another company that finally went backrupt last year, I hope Buzzy can keep this going for a few years. LOL
Have a great weekend, I'll keep watching from the periphery and flipping for 33% a pop. Who knows, may even catch a wave for 2-300% gain when this POS makes its annual ride to the .002 range.
Clay can stay away. LOL
I think he bought at .02, sold at .07 and moved on. Don't think he was ever a true believer (but who knows for sure, he may still be holding his position?)
Either way, I give him credit for pointing this gem out. This board and stock are in good hands now with or without him.
As they say...you never go broke taking profits! However you may kick yourself leaving a big chunk on the table. My profits are 433% right now and my sale order is set for $1. Who knows right now what I will sell at, but it's far from time in my opinion. You just have to make the choice that you are comfortable with and go with it, and no one faults taking 200% profits!
GLTU!
3's sound good, but I'll grab a batch at 6. Buying 6's and selling 8's is a nice little slot machine that is throwing off $600+ every round trip.
Thanks Buzzy for the predictability...it gives plenty of chances to make a little bank! (But just a little, I wouldn't trust this to go any heavier than I do with each flip.)
MAYBE is a huge word and belief like yours is why I and many others stay here flipping this POS. Trust Buzzy and you will loose. Yes this did go to the levels you mentioned last year after Buzzy got a new batch of bag holders to believe. Those who were posting a year ago about the greatness of Buzzy are now gone. Those of us talking about his liies have been around a couple of years watching for flipping opportunities and trying to warn others not to fall for the nonsense.
GLTU
That's the plan here too. Just wasn't sure who this MM was and this stock is still in the OTC so one has to pay attention to minimize any blindside tactics that catches everyone of guard. It happens to often not to ignore.
I've tallked with the CEO and done my research and believe in the company but a sudden round of dilution would send up major red flags. I have a sizable position and am hopeful for a much larger payoff than just tripling my investment which is where I sit now. Normally, I'd sell enough of my position so that I was sitting on "free" shares, but I think the payoff here is going to be huge and am willing to forgo the norm to increase that payoff.
Thanks for the quick response to my question!
Is WABR a respected long-term MM? Or are they a damn diluter that's a step above VNDM?
I'm glad you're satisfied and I wish nothing but the best to the shareholders and hope that the new ventures do take off because it will provide opportunity for us all! Still have no trust in Buzzy as I once did a couplle of years back.
GLTU!
True, not Buzzy's prob that my shares never arrived even though I was a shareholder of record on the dividend date and have shown the proof to TD Ameritrade, the TA, and Buzzy. No worries however as there is too much to be gained moving on and looking for profitable entry and exit points rather than getting mad at that which I can't control and fighting for a few hundred dollars.
Point is still valid that Buzzy is a con man working the OTC in a very unique way. Fernhill has a real product and could prove profitable but VGID's products seem to be nonexistant as evidenced by the multiple times folks have asked the question of "where can I buy product at" and no one can ever show proof of product on a shelf.
Like I said before, Buzzy is good at making money for himself and those who have figured out how to successfully jump in and out of VGID. BTW, my standing order is to buy at 6 and sell at 8. It makes me about 600 per trade and I've done it several times over the last 18 months and thouroughly enjoyed the ride to .004 about a year ago along with a ride from trip 7 to .021 two years ago.
For that, thanks Buzzy.
Could be? And his average was probably close to .02, so that made for a nice profit if it was him; however, one more week wouldv'e doubled the payout. Either way, good for them! It'd be nice to have had that number of shares.
Been wondering where Cheeky went myself. I found this one due to a couple of posts by him and did an early flip from .025 to .04 and then followed your path of calling the CEO and researching the companies plan going forward and felt great about "investing" here. I bought as many as I could and have almost 40,000 shares with an averge pps at .045. This has the chance to be a real game changer for my accounts if it trends up towards the $3 mark.
Buzzy is just learning new ways to take money from folks! The only way to make money here is to monitor Buzzy and VGID and watch for flipping opportunities. I've done well here flipping VGID several times over the last couple of years and only held once...in order to get some "free" spinoff shares of Fernhill. Never got those, complained to the appropriate people; and in the end, don't give a damn that I didn't get them. The 72,000+ shares I was due would have only netted $400 or $500 which is a very small percentage of what I've earned flipping this POS.
Thankfully for Buzzy (and those of us flipping this pig) is that a new set of folks show up regularly buying into the Buzzy mantra of how great tomorrow is going to be and how generous he is to offer grand rewards of spinoff shares of stock to those who are faithful shareholders.
Believe what you will about Buzzy's intentions, but remember this isn't labeled a "stinky pinky" for no reason. Also, if Buzzy was legit he wouldn't be languishing in the OTC for all these years (unless it was making him some serious cash.)
GLTU
Up 164% and not sold a single share since doing my DD on this company. Never have I not sold an OTC stock with such a gain!
I bought at .024 and sold at .04. Did some research and bought 38K shares between .03 and .035 and locked them away until further notice. This is a gem!
The common denominator to all thi s. ..Buzzy! I guses I didn't miss out on anything when my shares never showed up.
Got a starter here, but I think I'll wait before any adds to my holding. Was hoping for something more substantial in the FINS.
Maybe not trip 1, but I'm not ready to jump into this just yet after further DD.
Uh yeah...things are always about to come together here. Just wait Buzzy will get 'er done. LOL. That's been the mantra for nearly 3 years since I found this VGID. Thankfully it is good for some nice flips for a great steak and bottle of wine at Morton's a few times a year. LOL
GLTA
Running through a little DD and reviewing my own stock screens and came across ENRJ as a possibility for a flip from this price level and find that you are already here having done much of the work already.
This looks like it'll make 50%-75% in the near term from these levels. Gonna study it a little more before jumping aboard.
GLTU
CSTI and CANT prob hiding shares, but I did my part and took a few more 6's to add to my pile. I love for this to stay in this area for another month or two and just keep adding 5 to 10K shares at a time. GLTA
I got two flips out of the last run and have my bid in for 42's. if it goes up to .02 from here without hitting 4's, I'll say congratulations and wish you well! I'm sure 4's will hit and that we will also see .02 at some point soon also. Just a matter of which comes first. GLTA
You are absolutely correct, but much more may be possible here. I think .40 - .45 will become a new floor at a minimum based on expected revenues for the year.
This isn't a momentum play; its a slow and steady rise meant to create actual value and wealth rather than the quick flip. This isn't your average penny stock. Real plans, real earnings, real direction. Read the filings, invest, and hold for the long-term.
I'm in for 25K shares for now. Thanks for all the work you put in helping uncover hidden gems like this. Just wish I'd seen it (and jumped on board) at the half cent range. LOL
Ok, I have start doing some homework on this company after you point out GLFH to me. Looks a this may be a great price point to jump onboard.
Yes indeed! Added a few 4's at the open, this is going to be a fun ride up.
I did the one flip following the adage that you never go broke taking profits...especially 100% profits. Then I started doing deeper DD of my own on the company and decided it was a good place to park some money and watch the value grow.
I'm glad to just add this to my portfolio and leave it alone. BTW, thank you for posting info about this stock on an open forum board, I probably wouldn't have found it if you hadn't posted there.
This one already provided the quick flip opportunity from .02 to .05 and thanks to Cheeky posting about GLFH on another board, I was able to enjoy a quick double to bank a grand. However, I think you will very happy leaving some coin here and forgetting about it for awhile. I took my original 1K and profits from my flip and have a little over 56K shares at .036 average pps that I'm just going to let ride after taking time to do my own research of this company and deciding I'd hang on and see if that .04 per share projected profits get booked turning this into an .45+ stock...and, if that happens I may gain some faith that the management might be serious about intentions stated in the latest filings. GLTU
Yes, and hopefully you got some profits out of this as it is heading back to trips. Nothing more than an empty shell here that made some quick bank for some. I threw 500 at it at .055 and sold at .135, this was just a momentum play. Maybe it'll heat up again for another quick buck??? Definitely was not a keeper though. GLTU
Spin off shares...thats a funny concept. I left this board and stopped following and flipping this stock once it became clear that the promisd spin off shares for FHBC were never coming and never have appeared in my account. I guess you may have a new group of followers on the board who will buy in to your nonsense of promised shares of a hair salon.
The only way I become a believer in the spin off share concept is if the 250,000+shares that were due to me as a shareholder at the time the divideND was declared. Until then, your word on this topic is laughable. Others need to share with followers who "missed" the last spinoff how reliable your statements about spinoffs were the last time around.
I hope you're right! I'll add a big chunk if you are and enjoy the ride. However, I'm very happy with the profits made from the 4's and 5's that I sold at 8.
BTW, the pps dropped hard and fast after the last CC. Hopefully we will hear something substantial this time, otherwise I'll wait to reload several million 4's. However, I'd like to hear something that forces the price to move upward so that I have to buy at .0012 on the way towards .003 territory along with fernhill distribution news that the spinoff is posted on the daily list and a firm distribution date is given.
Uh, yeah...let's talk about the next spinoff? The last one was awesome!
Foolish talk coming during the CC if it doesn't include exact info on the previous spinoff...info that is true and occurs according to Buzzy's statements.
Otherwise, we can sit and wait for the next round of 4's that can be sold for 8's...it happens every 6 months or so.
GLTA
There is no congruency in Frannies text to you when she says no bankruptcy, JUST need to restructure finances...unless she is talking of a CH11 filing?
Is BRWCQ coming soon?
7....but who the hell is counting. Hope you made a buck flipping vgid on her runs last year so that any shares will truly be a nice gift. Certainly not counting on any distribution nor is there any excitement like there was last October. GLTU
Paint job for $2.37 worth of shares plus the broker commission...did Jimmy get his allowance today?
The #1 CEO has it all under control! After all, she NEVER would have exercised her right to purchase if she didn't have the funds available and the ability to close the deal???
I hope my sarcasm has come through loud and clear! LOL Maybe she will text someone to assure us that news is coming SOON?
I'd have to look it up to verify...but I believe the pps was around .0014 - .0018 when the last of the previous toxic debt was cleared out. With the awesomeness of having no more toxic debt, the pps share is now roaring at .0003 with little buying on the ask.
It sure is nice to know that the bid support is there. LOL Someone start selling heavy into the bid so I can lower my bid to .0001.