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Let's hope so, I grabbed some more at .20. Now, off to the races? I dont see it dropping more than this. If it is a true stock promotion then the drop is to let the promoter (and friends) in at cheap prices. Hard to get volume history on this one to substanciate that. If it is a legit company and product, then the news will drive it.
There's the 2.5 cent mark. Buying time? But no takers? Only 1 trade and that at the ask. Hmm, what does it mean. LB and BW taking a pay cut today?
Check out EPYR. The price is right at .005 considering they have already restructured their shares, only 22 million outstanding. The company is presently looking at business opportunities to pursue. At that price you could hardly lose. Announcements are said to be pending. The track record has been only that they have had the right technology, at the wrong time. The Basalt thing is pretty much on hold at this point. They are looking for assets to build a foundation on.
http://www.epyr.com/
Now 16.67%. Aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah. To the moon!
Stock up 13.33% so far today! Whohoo, here we go. Sorry, its just been so boring around here lately.
Might be right but it is also normal activity for an IPO. Traders like to position themselves and see how they can manipulate a stock in the beginning. Things usually settle before 6 months are up. Remember companies on the lesser boards attract traders who are looking for a quick double (thereby the wide bid and ask, they just get lucky or they stay out). When things tighten up, the buying you see (which will usually be none or huge volume) will be longer term shareholders loading up on an opprotunity. PWTC followed this prifile in the early years jumping from .40 to $2 a couple of times with really nothing to substanciate the price rise. These stocks are fun during the good periods but be ready to take the money and run - very few ever turn into solid companies, regardless of how good the product is.
Yup. Grabbed 3000 at .32.
Damn hard stock to get ahold of eh? I been trying for a week now and cant get a hit below .35. I like the technical prospects of this stock. Being a new issue, the timing seems right for positive speculation movement. I could see this hitting $2 within a year, for no reason but speculation and euphoria (when it does start to move).
Do you really think AS will come back to PWTC if he wins?
Today's news. Dont care what they say or why, just get the stock price up and Im outta here. I still say they can promote this thing LOTS higher than they are. Doesnt make sense to me to scam off shares at 3 cents when they could easily do it at 6 or even a buck. All they would have to do is pull their shares off the market and up she goes, then dump at a higher price when the euphoria hits the stock. At this point there seems to be enough buyers. Most investors are dumb, they will chase a rising stock price. 50 million shares at 3 cents is only $1.5 million. 750 million is only is only $22.5 million (split between how many parties?). The loan company can hardly get their money back at that price. I believe there will be larger price increases to come, whether by honest development or scam. Nickle and diming yourself to riches? These guys 'have' to be smarter than that.
I get it, thats LB eating our profits!?
I did that once, it crashed.
hilarious :)
And yet someone just bought 100 (yes one hundred) shares at 3.2 cents! makes no sense.
I'll take a good hype anytime.
Some show price depth while others show size depth, thats why I follow 4 different trading boards. I know what youre talking about though with the sizes being a static number when they go over a certain number of shares, that is industry standard.
Check here, this site gives more than the 5000 sizes, but I guess we have no way of knowing if its accurate.
http://host.wallstreetcity.com/wsc2/corporate_snapshot.html?DB=SQL&template=corpsnap.htm&Sym...
This site is good for price depth. After you enter a symbol, click on the level II quote and it shows price depth, but all the lot sizes are the same.? Who knows.
http://www.otcbb.com/
I am curious though (in relation to our previous posts hasher), why the bid and ask sizes are so out of whack in relation to everyones thoughts? Bid size has been steady at about 400000 and ask steady at 5000, (although I see its 6500 right now) for the past couple of weeks. IF LB and his cohorts are dumping shares, then there should be more available (I really cant see them bothering to submit 5000 shares at a time to try to liquidate 27million+, although I guess if you have the time eh!). It still looks like buying activity to me, even if it is unwitting new investors. As Ive said before, I dont care why it goes up, as long as it does. Note everyone that there has only been one trade at 3.8 cents so far, nothing worth getting excited about.
Im also expecting a runup as the court case approaches. Speculators and vultures will be willing to put up a few bucks just in case this thing actually survives.
Hey Gamood, I guess Im the first PWTC sucker to take a look here. Sounds interesting but 185 million shares already! yikes, theyll have to make billions in sales and have great margins. Price is interesting though. One can probably make something on speculative runup. (droppin like a rock today though)
One question about the technology though. If it is strong enough to hold a structure 'together' through a hurricane, might not the winds just push the whole thing over then instead of tearing it apart? Im no weather or structural expert so im just surmising(sp?). Maybe Gulfbreeze can add his 2 cents.
A much more in depth posting of a quarterly report. This is the type of report that normal, legitimate companies submit on a regular basis. Answers our question of how many shares are outstanding. At the least I have to admire Mr Walter's trying to make this company appear legit. Another sign that perhaps he will make a go of it. Long way yet.
Also good points Hasher. I have been watching very closely at the activity and noticed that the ask did dry up a couple of times this week (I guess LB forgot to put some shares up for sale?) and the ask price was suddenly 8 or 8.5 cents for a while. No trades occured at this price. Its diappointing, and seems to support your theories (no one willing to buy that high). I will wait for the court case to be solved for further analysis and then we'll all see what happens.
I agree with that guess. By the time any website updates their info it is several months old at best. Most companies will provide these numbers with their quarterly reports, but you know LB. Perhaps BW will improve on the provided info?
Ive been watching the activity closely since the Cornell deal and folowing news items. Most trades are happening at the asking price, which is a good sign. Someone is filling up on stock. Too bad the price isnt going up with the buying.
Everyone also needs to remember that lawsuits are filed for many reasons in business. Some are valid while others are simply vengeful in nature and just to see if the opposing party will back down. Many are decided out of court before the hearing as well. Its true enough that the future of PWTC hangs on getting the decision. It will also tell if BW does actually have something going on for production of the battery or if he is just blowing LB's smoke.
Well, since its dated June 14, 2004, I would have to agree that it is that far out of date, but is accurate as of that date. Thats is why I put the date on in the first place, to sustantiate when it was from. It is the most recent I could find. You can take the info, or leave it, or provide better if you can find it, but there is no need to be an a** about it. Hasher didnt seem to have a problem with the info.
Check out here. Dated June 14 2004.
http://www.otcbb.com/profiles/PWTC.htm
Last I saw that resembled an official document was 71 million outstanding, 51 million in the float and 100 million authorized. this of course does not reflect the latest authorization.
BTW, old website is up again, not that it matters, I looked around a bit and the most up to date info I could find was from march 2003.
This is a good thing because it slows the bloodletting that LB can do to a minimum. (The DSF has just taken a huge hit as well. It will be easier for us to see if someone else is flooding the market). LB can sell 500000 every 6 months (provided there are enough buyers too, keep in mind), how long will it take to get rid of 47million shares? My speculation is that BW has convinced LB that he can make PWTC a success and that LB will benefit more by holding on for the longterm. I dont see any other reason why LB would agree to this. Does LB deserve the extra 20million shares? Of course not. But if by some miracle they are able to make a go of it, LB can get as rich as he wants as far as Im concerned, as long as he takes the rest of us with him. All these steps are showing to be positive moves for PWTC.
I am also registered, and received nothing.
Excellent sites. Thankx.
You can get better quote and news info from this site.
http://host.wallstreetcity.com/wsc2/corporate_snapshot.html?DB=SQL&template=corpsnap.htm&Sym...
750000 bid, 5000 ask. Looks like buying to me.
Does any of us really care if they are only running a promotion on PWTC as long as the stock price goes up? Im thinking there will be lots of quiet when we all sell for $100 a share. Personally I dont care why it goes up, as long as it does.
I agree. Hasher can post what he wants but I would like to see the outright PWTC 'slamming' cut down (from everyone), it can only hurt the company and the many others who still believe this has a chance. All of us are entitled to our opinion but badmouthing most of us dont care to hear. I too think PWTC will succeed and that is just my opinion. Maybe thats just a pipe dream but I'll believe till the end.
I am getting a quote on 2 boards I watch but not on some others. Last trade 2:41 eastern time (just minutes ago). Bid .025 ask .03. I would expect a halt though.
Interesting article but I do see 2 problems when applying this to PWTC. 1. This article is from 2002, trading rules, especially short selling rules, have been changed dramatically since then. 2. Noting the example given in the article referencing a stock trading at $5/share, short selling could be applied to drive the price down and still leave room to convert the debenture and make money. However, with PWTC's stock at 2.5 cents/share, short selling ability is limited. No brokerage house in their right mind would loan the necessary stock to short at that price because they know they would never get it back. You would have to short millions of share in order to make any money at all. Buy a million at 1 cent and sell it for 2, you would only make $10,000 back, hardly worth the $5.5 million they initially invested. Also, the lending company in PWTC's case would have to be betting on the success of the company because at these prices the market will quickly dry up should the stock fall further. There is not a deep enough 'spiral' left in PWTC at this point. If they decide to convert their debenture into shares there will be no market to sell them into in order to get their money back. This is one area that we make be safe from due to the low price of PWTC.
Just my take on this.
One Ive been following. Not trying to link this to PWTC or anything but notice the reference to the Chinese market opprotunities.
http://biz.yahoo.com/iw/040809/071039.html
Vebco's site is under const, I wouldnt worry too much right now. PWTC - http://members.shaw.ca/lbalak/index2.html
Whats with Balak's name in the URL!
I hear ya. Sorry about that. I'll try to throw in some senless stuff in the future. Hey, wait, since when do stock markets make sense anyway?
The only relevant point to all the legal dribble is where did one buy the stock? If you paid $10, great, if you paid $100, not so great. Same key with PWTC. Some bought in at $2 and they will probably never see a positive return. Others are in at 1 or 2 cents and, are either doubling their money weekly or monthly by playing the stock, or holding on for the long term. And as long as this thing doesnt go bust, they will make some money, even with recapitalization. How much remains to be seen. For all of us shareholders, we have to make a decision at some point whether to hold or sell. It will be different for all of us depending on our financial tolerance and out right guts. This is what you get when you buy into a startup.
But Caesars isnt a startup is it. Heres some of my experiences with 'Blue Chips'.
Told by brokers NOT to buy bank stocks 6 years ago. Banks are up 100's of %'s since then. Told to buy Nortel at $60 (50% discount they said). Fortunatly I sold out at $45.
Point is, if anyone out there has the sure fire answer to investing in stocks, Im listening. You find out all you can about a company, put your money down, and hope like hell they havent lied to you. Not much else you can do.
What do you mean by 'interference'? There are 70 million outstanding shares. In order for this thing to move, the bid must dry up (people HOLDING onto their shares)and the buyers must hit the ask price consistently and move things up. Its nearly impossible to get a penny stock out of these levels. It will take consistant and valid action and developments by the company. If you think that those on this board are tainted in their opinions, guess how hard getting new shareholders will be. The first thing they will look at is the history. Even if all looks rosy now, they will still be hesitant because of the past. Management has it work cut out for them. If/when they do convince new money to come in, this stock will rise quickly. Remember, PWTC was consistently trading at below 1 cent 2 weeks ago. Now its hitting 4 cents. Thats a 400% rise. Little solace to those who bought at $2 but huge gains for the outsider to see considering the events that have occured. Sure the future looks positive but all that has happened is non material changes. If you looked in from the outside and saw a stock up 400% with no material change in status, would you buy? If management does its job, the gains will come.
1. AS can hold PWTC back. LB has no choice than to force AS to show his hand - which holds nothing. AS has a history of ending up in court.
2. True
3. This is a common pattern in a startup company.
4. We'll never know eh? Look to the future.
5. It was not LB's decision to disclose this info, it was a mistake on the newswire. This news will show again. Why doesnt someone call Princeton Research J. Michael King, 702-650-3000 and ask (although they wont tell you anything right now).
6. Speculation
7. True but yeah whatever.
8. Pioneers of technology are everywhere. It is a crapshoot to know who will get there first. History is full of 'also rans'. Most startups never make it big. If we knew who to follow it would be easier eh? Lay your money down and take a chance.
9. Looks that way. The right combination is hard to find, just ask Time-Warner and AOL for example. The good news is, there looks to be hope once again. Will it be there this time? Dont know.
10. What suggests he would stop it? Looks like he'll win.
11. This will be proven in time.
12. Shareholders can force an AGM. By law a company must have a vote once a year. We've counted share twice now (gets worse the longer we wait due to share issues). Someone make the call and lets vote. I'll bet even some of LB's consultants would rather be hugely rich than pennies at a time? I dont know how to do it but I'll bet one of you out there does. If youre not being fooled by LB stepping down voluntarily then lets put the nail in the coffin for him.
Probably a case of prematurely being released? Time will tell, but it will create another buying opprotunity. If you believe its coming, buy. If you dont, stay on the side.
I'll say this at least for the benefit of putting a bug in LB's ear. Has anyone given the least bit of consideration to the possibility that LB knows the jig is up as far as the free share glut is concerned and perhaps he has other plans. LB recently received 7 million shares for his 'services' and speculation is that he holds as many as 30 million total. Many have suggested that he is just dumping the shares on the market (for a yearly take of about $150,000). Selling these shares at 2 cents has certainly provided a living for LB but even he cannot be that stupid as to not see what he could rape from the success of this company. Should there actually be pending promise for this company, it would be no great feat for the share price to run up to $1 per share. At that point LB could easily sell out for $7 million instead of the paltry $150 thousand he has been getting. God forbid this company hits the $100 mark set out by some analysts and LB walks away with $700 million bucks! $3 billion if he has all the shares that some suggest he does!!! Imagine LB as the next billionaire:(
As for a share consolidation. Although the company is certainly in line for one, any consideration must first pass shareholder approval, and then SEC approval. Assuming LB and his consultant cohorts pass it by voting, the SEC will never approve it because the share price is too low. They will not even consider a consolidation than doesnt push a share price above $1, so LB, or whoever, will have to run the share price up to about 20 cents before they can even consider this option. It will come, but LB cannot just push one through on a whim and continue as he is now. It will have to be strategic. When it comes, be ready to sell your shares and run, if you can get out with a profit, 'cause if LB still has any control, and the promised rumours are not true, the share price will plummet to 2 cents again and all you nay sayers will have been right.