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That's why I haven't bought any. It went to over .90 so fast and now it's closing in on half of that all within a few days. That can't be good.
if you bought 20K at .001 that would basically be 20.00 worth of stock. If you sold at .05, you'd have $1000.00 I think. I may be wrong but that's the math I get.
Maybe you mean if someone bought 20 million of any stock at that range they may be a millionaire if they held all of them to .05? I don't think you can do it with 20 K can you?
IS that possible? lol I've never done it is why I'm asking.
Well at least you can look these people up and see they have very solid backgrounds in the same area with some big companies. They already have contracts with the others and looking like some other things are starting to happen as well. You can't expect a lot more than that in the OTC.. I bought some real buggers over the years .. Then I realized it's as much about who as it is about what.
I have done nothing but watch for a very long time and I've seen a lot of companies with a lot worse people running them and a lot more things going on that I didn't like than this one. This company and it's leaders and profile look pretty sound to me.
Could the price rise or drop? Sure it can but I'm not really scared to buy it after looking into the people involved. You can find their profiles all over the internet. They seem pretty reputable, nor do I see the normal signs for a stock that's being manipulated.
Are people actively trading it? I'm sure they are and I'm sure that's what's happening with most penny stocks but I dont see the company dumping millions of shares at the end of the day like I do with what I think everyone is calling a pump and dump. Since I've been doing this, I've seen some companies that would come in and dump 100 million shares right at the end of the day repeatedly for weeks and months. I haven't seen anything like that with this company. I just don't think we're going to lose money here if we wait it out and just not pay attention to the rhetoric. The people in charge just don't have "Scammer" in their profiles.
It's just about down to full dilution and sell off mode now isn't it? This looks like dilution to me.
I've been watching this one for a while now and every time it starts to take off it seems like something happens to it and it falls even lower. It looks like it's not going to last much longer at this rate.
WEll they should have good luck here because it's fallen again and the volume has dropped away big time also
Well I'm not too good with all the dilution stuff to be honest with you. So I try to just look at the company and see if it appears to have people with good background all around. It seems to work well for me if I just stay away from all the other stuff.
All I'm saying is I don't see how a man Chan ( or the others by the way) would leave a company like the one he left, be able to make the deals he's made with a company like Sprint, and it all be a scam. ? Why would he take a chance on tarnishing his reputation for a scam . Even if this doesn't work out, he's got to work some where in the future. He's got too much to lose with his reputation with these top notch companies he's dealing with.
My question is, why would a man like Chan, with his business background and expertise, want to involve himself in a penny stock scam at all when he's worked in development for one of the top tech companies out there , and has secured a deal with one of the other? It just don't make sense.
Well and if you read Chans background and work history and then the deals this company is in now and how it all ties in with he does for a living, along with the companies he's worked for and been involved in, then it's just hard to call it a scam. Those companies and names carry some pretty hefty weight in the industries that he's marketing to.
Damn..lol
Damn..lol
Well that's what I was wondering.. Motorola is no small deal either. I guess I got it mixed up. But if he's cutting deals with SPRINT and the likes well that's got to say something ..
OH.. Ok.. I thought someone posted earlier a photo of him at Alibaba showing he was something there.. Sorry
Surely it's not a scam though. Someone posted photos of this guy when he worked with Alibaba which is one of the richest companies in the world and he left there to found this company didn't he? I may be wrong but he signed a deal with Sprint. That's got to mean something doesn't it? Isn't that what it says or am I reading it wrong?
I don't know.. I'm just going to ignore the arguing and wait. I read something about some deals that they're involved in that sound like they could pay off and the company itself and the leaders involved look like they've been with some real companies to me. Didn't that post earlier show this guy worked at Alibaba ?
I'm going to see. It seems pretty good to me. I don't mind waiting some time on mine.
I bought some so I'm going to wait and see what it does in the next few months.
Oh no I think it may be going into dilusion again.
So do you think it will ever go over this price again. I can't seem to go over like 61 or 62 before it drops back down to the 50s ..I think I'm going to do like those people told me yesterday and wait for 40 or maybe 20 or something again.
They made money as it went down? If they bought at .90 cent how did they make money as it went down? I'm confused again..
Oh so the people who bought in the 80's and 90's got shorted of their money?
Does that mean they got shorted of their money when it dropped on them again or does it mean they sold too soon or something?
So when they sell 4 times as many as is being bought is that dilution or is that just people selling because they think the price is going to drop and they'll lose money?
Oh no they're selling them all again aren't they?
Man that happened fast didn't it? wow
What does that mean? They sold too many ? Will they be adding more when they run out or whatever?
Oh no don't tell me that. I don't need another bad one. Everyone I have bought lately dropped right after I bought it. I should have looked at that box at the bottom. My friend told me that if they are always moving and then going back to very low that they're usually a scam or something or not a good company. I guess I'm going to have to put my money into Walmart or something that maybe pays dividends or whatever they call that where you know you will get a little money back . I can't afford to keep losing money all the time . It seems to be very risky doesn't it?
Oh..Ok.. I was just wondering because I haven't been doing this long. I bought one last year and the company kept adding shares every few months. Someone kept telling me on the board that they were doing a dilution or whatever. They showed me where people were selling a bunch of shares all the time . Like 20 and 50 million at a time everyday . It never did move except for down eventually and now it's only 1 or 2 or something.
So how often do they add these shares or how often can they? Does this company add more shares regularly? What does that meant for the price when they add shares every time they get low or whatever?
Oh.. Ok..I wondered why I would see some of them start to move so fast and selling would go crazy. I guess they are just waiting on it to move and make some money or something.
I know I can't believe KODAK.. Nobody would have thought when I was young that they would be put out of the camera by people peddling their own technology. They've fallen to the way side like so many other American companies due to free trade and globalism
I don't blame you!
Oh crap I wish I had known about that one. Why did it move so much?
Ok. I'll just buy a little when it goes back to .40 cent or something and wait and buy some more when it goes to .20 cents again or whatever. Thanks
I'm sorry. I was asking because I'm not sure what dilution is because everyone keeps posting about it diluting all the time.. I just wanted to know if that means when everybody sells their stock and the price falls or if that's what causes the price to fall. Are they doing it more than once?
Oh Goodness I came back and it's down again.. Should I wait for the 40 prices like that other guy said today or will it go even lower?