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Do you mean today?? From this morning every time this went up to .0002 somebody is delibrately bring back to .0001 by buying 100 shares this happened three time from this morning. What do you infer from this action someone who knows what is going to happen is deperate to get this at .0001 Please, please do not get caught to this manipulation hang on to your shares you will know why very soon when this blows out from sub-penny to penny.
How come 37 Million shares were traded today???
Hold on to your shares you could get a better price after the long holiday weekend. Something is comming up for sure.
What if the message in the twitter is fake???
Hundred thousand at the same time price also will go up by 10 times the price at R/S
I dont think R/S will be announced before the name change. Once the name change with the new ticker this will go up for sure, that is the time they would announce the R/S if they really wanted to do that. This is my opinion.
To me this does not look bad at all. They are not going for R/S like others 1 / 100 or evern 1 / 1000 If this is going to be 1/10 this is extremely good for the shareholders. This will keep the day traders out. If the company put out news regarding the name change and other product updates this will deffinetly go up to atleast .005 At this point they could go for R/S that means .005X10 = .05 With no selling planned, no issuance and no un-nessary dilution this colud trade much higher. Therefore, people please do not get panic and sell you shares and regret later. On the whole this is good for longs and they would be rewarded many fold.
Before end of this month I beleive.
This baby is going to fly above anybody imagination. This is going to be trading above a penny anytime soon. Mark my word
I very good posting.
It's okay it will rebound when the time comes. I have no problem with FOGC I can wait for the good days to come it will be sooner than later.
If you don't it is okay the beleivers will be rewarded in 100 folds.
Stock Trend Analysis Report
Prepared on Monday, August 18, 2014.
FORTUNE OIL & GAS (NASDAQ:FOGC)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
Open High Low FOGC Price Change
0.0004 0.0004 0.0003 0.0003 -0.0001
Entry Signal
MarketClub’s Trade Triangles for FOGC
The long term trend has been UP since Feb 24th, 2014 at 0.0001
The intermediate term trend has been DOWN since Jun 19th, 2014 at 0.0006
The short term trend has been DOWN since Jul 25th, 2014 at 0.0005
Smart Scan Analysis for FOGC
Based on a pre-defined weighted trend formula for chart analysis, FOGC scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
-60
It would happen when they are ready but are you ready to invest or wants to be on the fence and miss a golden opertunity?? It's you call
I think buying back from open market is taking place every day. When the next news comes out the company would tell us that the shares have been reduced to certain number which itself would push this share price to go over a penny. So being patience is the best at this time until the announcements are made. Please hold on to your shares. Hope to hear something in the next two weeks or even earlier.
In their last PR they have already made it clear that it would take 60 days to get the name changed with new ticker symbol along with share buy back and new product release. So what's is the point of puting out news if they have no news to put out now. So be patient and when the time is right you will be hearing from them.
You have to bear it in mind, currently FOGC is the registered company all announcements and releases have to go under their name until such time name change and the ticker symbol are done. That does not mean the old management is controlling the company. Please be patient until they are legally read to operate.
I think as mentioned in the last news release thay must have already stated to buy back shares in open market. This may be held in reserve and could be used by sellected investors later on. I may be wrong this is only my opinion.
You are too conservative in your forcast. It will go up to .015 when an excellent news is put out I mean share buy back, name change with new ticker symbol and production release this will to penny the land.
People be patient give little time to do want they are doing for you and me so that this will do well in a month or so. If anyone had missed the last news release, please read this carefully and make your own decision about the company.
"MILFORD, Pa., June 30, 2014 /PRNewswire/ -- Fortune Oil & Gas, Inc. (OTCPink: FOGC), today announced that the company has initiated filing for a voluntary name and symbol change with FINRA and the state of Wyoming. The change to Manzo Pharmaceuticals was filed with the state already and the company is in the process of providing FINRA the necessary documents to get it approved. The process has a 60 day deadline, but Manzo Pharmaceuticals feels it will be completed much sooner than that. The company has also put together a strategy to improve the share structure in an effort to get Manzo Pharmaceuticals off ground and moving along the way the company should be.
With the help of market consultants, Manzo is also in the process of laying out a complete strategy to decrease the number of outstanding shares, and even more importantly, the float. This strategy will include buying back blocks of restricted and free trading stock held by former affiliates, as well as buying back shares in the open market. The company is also examining several traditional methods of raising a block of funding to allot to this cause including several types of registrations and offerings that will not unnecessarily dilute the float, which would be counter productive to its cause. He explains, "I want everyone to know that shareholder value is very important to me, and I will do whatever I can to increase the value of this company for its shareholders to the level it really should be."
Overall the company is focusing on its strategy for the next twelve months in all areas of the business, not just the marketing and release of new products, but the reduction of shares resulting from past dilution and whatever else it takes to help Manzo Pharmaceuticals provide shareholder value, while bringing much needed remedies and treatments to the people who need them."
Good luck to all who can wait for the next PR, it could take them anytime between now and three weeks.
Someone bought 5000 shares at .0003 It's a joke - Waite for another 3 to 4 weeks then we will see this moving higher,wheather you believe it or not.
Waite until they finalize and put out the news.
- FOGC Complex financing in final stages which can have some very positive effect on the Company moving forward. Per posting in Yahoo Finance
I think we still have 19 minutes left and this is going to close at .004 and open on Monday at .005
This is going to double next week. The fools who are selling now are going to regret very much. They may have bought at low a week ago and trying to make little money by selling at .003 but the big picture is, the real news when releasaed is going to zoom this up to a higher level no one would beleive.
Agree with you. They are pulling this down to buy low. I'm pretty sure either Monday or Tuesday we would be updated with more news that is going to push this price much higher. If you dont want to be caught unaware this is the time to buy at ask and take your position before you miss the boat. If Red Bull and Monster can do it we too can do much better as time pass.
400 shares at .0004 good try to bring this down. We will see what happens now. I am not bothered at all even if it drop further down. Soon it will trade in multiples when the next PR is put out.
I agree lots of newbies wants to have cheap shares and come out with negative unfonded stories to bring the price further down. A couple of them posted yesterday to imply that the company is planning to have a RS so some of us would panic and sell but it never happened. I wish to quote the following passage taken from one of the news releases for your information.
"The company's new CEO, Kenneth Manzo, is a licensed Pharmacist with 25 years of experience in the pharmaceutical industry. With his vast knowledge of prescription drugs, over the counter medications, and natural remedies, he founded Manzo Pharmaceuticals for the purpose of testing and development of his patented processes as well as the creation of many other unique remedies. Manzo wants shareholders to know that he plans to be as transparent as possible while protecting the intellectual property the company now owns. He also wants shareholders to know he will go to great lengths to avoid unnecessary dilution, and despite a sizable number of shares outstanding, he vows not to do a reverse split or other damaging corporate action."
This is an assurance given by the CEO to say there wont be any RS in the near future.
Please ready this if you have not read before. This a part of the last news realeased by the company.
Fortune Oil & Gas, Inc. (OTCPink: FOGC), today announced that the company has initiated filing for a voluntary name and symbol change with FINRA and the state of Wyoming. The change to Manzo Pharmaceuticals was filed with the state already and the company is in the process of providing FINRA the necessary documents to get it approved. The process has a 60 day deadline, but Manzo Pharmaceuticals feels it will be completed much sooner than that. The company has also put together a strategy to improve the share structure in an effort to get Manzo Pharmaceuticals off ground and moving along the way the company should be.
With the help of market consultants, Manzo is also in the process of laying out a complete strategy to decrease the number of outstanding shares, and even more importantly, the float. This strategy will include buying back blocks of restricted and free trading stock held by former affiliates, as well as buying back shares in the open market. The company is also examining several traditional methods of raising a block of funding to allot to this cause including several types of registrations and offerings that will not unnecessarily dilute the float, which would be counter productive to its cause. He explains, "I want everyone to know that shareholder value is very important to me, and I will do whatever I can to increase the value of this company for its shareholders to the level it really should be."
Overall the company is focusing on its strategy for the next twelve months in all areas of the business, not just the marketing and release of new products, but the reduction of shares resulting from past dilution and whatever else it takes to help Manzo Pharmaceuticals provide shareholder value, while bringing much needed remedies and treatments to the people who need them.'
Where did you get the confirmation. Can you prove your statment. If you still want to buy you could put your bids to .0005 you may be lucky get some today.
Within 60 days or earlier. I guess by mid August they should have the registration process along with name change with the new ticker symbol would be completed. This could push the share price to .005 level until some other announcements are made regarding the product release. Then we could go higher to a penny. This is my humble opinion. By Christmas we could go much higher.
It could trade between .005 and .01 this is my personal opinion. Provided name change with new symbol and reduction in out standing shares structure along with new product release could triger the new hights.
For you worthless not for us. people who can wait longer will reap the benefit.
It's crazy to talk about financials and other matters of the previous company. Now there is a move to change name and the ticker symbole to do entirely a new business using the FOGC shell therefore, give them little time to sort our the filings and other registation to be madey to trade under thier new name. Monzo has new products to be released and so many other things are happening be patience. When everything is in place the share holders will be notified and then the price will start to move up. My guessing is before the the end of August we could see this trading in penny level.
Or it could be the previous company officers who were holding large number of shares as insentive given by the company are now dumping as they do not have patience to wait little long to sale at a better price. As far as I concern I am not selling until I see a penny or higher. It will happen in the next month or evern longer I dont care but willing to hold to make money on this. I have great trust in the company and they would work for the benefit of the share holders.
I guess this is what happening now. "With the help of market consultants, Manzo is also in the process of laying out a complete strategy to decrease the number of outstanding shares, and even more importantly, the float. This strategy will include buying back blocks of restricted and free trading stock held by former affiliates, as well as buying back shares in the open market. " Hang on to your shares do not beleive anyone but have trust in FOGC. This is going to be a penny stock soon.
I would say before the end of the month
My point was, if the company is going buy back in the open maket it's good for them to buy at a lower price then wait till it goes up to a penny. I fully agree with you, people are waiting to see what is going to happen and then buy when it goes up to a penny. When the name change and the product release with the sales numbers are known then it would be a safe investment for quite a lot of people who are not buying now but sitting on the fence to make a move.
My guessing is, we wont see this going high until the next PR is put out. If the company's plan is to buy back shares from the open market as mentioned in their last news release. They would buy as much as they can when it's trading in the current level. Nobody it going to buy when its over a penny. Therefore, my opinion is once all the cheap shares are bought back it will be ready to go up to half a penny and then move slowly up to a penny level with the name change, and new product release.
When this runs it's not going to stop at .001 my guessing is this will trade in .005 to .006 level when the good news is put out. I mean name change with the new ticker symbol, float and share deduction and the new products when these are announced it's no way going to trade in .001 or .002 it will jump to .005 and above. If some are on the fence this is the best time to take possition before this moves up. This a realy company doing business and working hard to increase the shareholders value.