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Good News... NO sellers.. Bad news.. No buyers.. But Good new trumps because when the PR is dropped next week or maybe this afternoon the buying pressure is on with little Shares to sell :)
YOu mean this PR..
"We will be soon choosing a day and time that is acceptable to all concerned. While we tried to make all of this happen for Friday, August 28, 2009, it simply is not possible. We will provide an update when it is prudent."
Well. The difference is the funding no promises have been left behind. 350m.. and now your get your update he promised. It was speculated that it didn't.. happen due to the funding.. well now that they have it.
If your lucky enough to know now.. THEN get some more.. dont worry about the rest of the world not knowing as fast as you did. Its a great think. I was able to load up a few more 100G. Was worried I wasnt going to get home fast enough to get in..
RELAX - Its only been an hour.. and its Friday 2 hours before close..Most of the buyers at this level were already here.. Most new buyers and big investors we wont see until Monday. IMO
SOOO TIGHT! I had several partial fills that were tiny tiny amounts.. This is about to explode!!!!
In my experience if you rocket 100% in 10 days then expect to see it decrease by at least 40-50%.. I think this is a strong company.. For regular scams I would expect it to drop back down to 75-90% of what it was before.
Agreed.. But the fact is it rare to have such a huge increase in volume and pps spike and not expect to see if come back down. After looking at the charts we were holding very strong around the .15-.18 range BEFORE news. As usual, I think we will come back down and reestablish closer to the top end of that. I love how the charts are like stepping stones up.. This is defiantly a long hold.. BUT for flippers this is a great opportunity.
Hate to say it... But I think the rocket is coming back down for a few days. With such high gains I think this will return back to .17-.19 range before days end. IMO
Question? Correct if Im wrong. IN a recent PR was it stated that the would have the first round of sales beginning in the 4th qrt? IF so, why have they decided to wait until beginning of 2010.. Just curious.
I agree.. I think news will come out Monday.. Im watching for that EOD spike.. It always happens right before news is out.. EVERY TIME the price has jumped .10-.15 the day before news.
Thanks Pisva..I do not have private capabilities on the board. Ive never purchased restricted shares before. So just ask for a private placement. Is there a min of purchase?
Hi Pisav... Just a question. HOw did you purchase restricted shares as I thought these were only issued by the company for employee insensitive plans.. etc. Just curious.I would like to order 10K please. .ha ha.
lots of volume happening end of day.. Your right just about 100k to go then DDDDIIINNNGGGG will go my scanner. Bet we would see an up shoot at opening bell. IMO
Great Find.. Ive been digging up all sorts of stuff. I should start posting.
VOLUME ON THE MOVE..sitting Eye to eye with it from Tuesday. IMO once we get above, off she goes again!
SEE THIS ALWAYS ROCKETS After 1:00pm Get back in before this goes back up to .28 again in an hour.. IMHO
what is the green line on the chart represent?
Loaded up for after lunch.. This always takes off soon after.
I agree.. this this is so tight its unreal. I mean to only get 3500 with bids of 50k+ its crazy.. But the charts have been good to me. This thing always drops within happy hour and then sky rockets up about .005-.007 around the 1 oclock hour. Ill keep playing till it balances out and then stay long.
BTW.. I must say out of all the boards this is the most respectable and NON BS. Thank you all for your great DD and info.. GO MZEI
Can I change my bid on the remaining shares without screwing up the commission fees.. trying a new system and don't want screw up.. I hate chasing.. but
THIS IS SOOO FREAKING TIGHT.. only got 3500 shares at .21 AARRGGGG!
DARRRNNN.. Only got a partial fill at .21.. So close!
Brikk... I really hate to bother you.. but Im a new investor and still trying to understand a few things.. Can you explain to me who NITE actually is and just a brief explanation on why they control so much of what goes on in the pps. What should I be looking at?
Question..Ive been watching for an entry point for a month now. Ive done a fair amount of DD so my question is. IARO used to trade on the big boards... had a major turn around back in 06-07. 1) Is their new management of the Company after it plummeted.. and if not then why would this company drop PRs on a regular bases as most do not unless they are start up penny scams. From what I see this used to be a huge Co.. would the mindset of management change to a penny stock.
SuperFrk.. what is the interesting info.. do share. I like your input. Thanks
I guess we just need to all turn into pumpers and find new boards to release the good news.. Yahoo folks are always in a bad mood. ha ha.
True.. But I dont think a corp like Greensafe who put out their own PRs that have significant news and following in Canada would've done so without it being an "almost" done deal.. I think these are the statements that are satisfying for someone investing 5-10k... but not for larger investors.. Makes sense to me.. BUY UP :)
I think your right.. The modalities in which the news is spreading has already reached the base of investors it will see. The good news.. most of us who are holding shares are not selling so the buying pressure is on.. Its just a matter of getting more eyes on BGMO..Then again our little shares are nothing compared to the bigger investors to come... which naturally will take some time. They aren't waiting for the opening bell to ring to buy up 100k worth. I think now is a great time to buy up as much as you can while its still sitting around.. IMHO these are the last few days at the .50s...
I have no Ask either... what does that mean? I think we are in for a week of green.. Only Up from here. IMHO
Good thing I loaded up last week..I doubt I will be able to sell off any more of my cattle and make a quick transfer by open market tomorrow (ha ha).
I totally agree with last comment, the fact that another company released the PR gave me a big ole "phheewwwww" finally there is someone else able to vouch than BGMO. I think HH has put off releases until he had something solid for us.. and there you go. Obviously if this was closed on the $$ is in the bank.. I wonder if this will be a Lord of the Rings PR -- so much info it will be broken up into pieces or do we get the whole shebang in one sitting. Either way...This is going to rocket in the AM!!!
And back to my moonshine distillery.. ha ha
CONGRATS ALL.. and epically Aston for making me think.
The AES acquires BGMO (pending)... Good info. Although that was dated in Jan I know most Acq can take months to years to complete. So this would make sense of why investors are waiting so long.
Its like a million piece puzzle.. You know it will make a larger picture.. but when the pieces are all scattered its hard to tell what it is. HH wouldn't make the claims he did as SEC would've shut him down by now...He was very direct with what he can say and left the remaining info up in the air (which is typical with large acq) I could be totally off.. but their was mention that the gov was looking for foreign investors. Makes sense for BGMO to get the Sov Guarantee then make a deal with another larger investor for them to "control" the plant as BGMO does not have knowledge in this field. What HH does have is a Network. Just like my field. Ill get you the money.. but you control the opporation. I think that is where its headed. So this would answer the doubts of "How can a clothing company run a billion dollar power sector"... They cant that will be up to AES and other Co..but they can help get the funding.
"BERGAMO E&A CORP. BAC, as project manager of a proposed 500 MGW solar energy project in Pakistan, entered into a joint venture proposal to sell, at an agreed price, 70% interest in Bergamo E&A Corp to AES CORP who will have management and construction control."
JMHO
Cant really make sense of it.. but here are some FACTS
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35778812
http://investorideas.com/News/011309a.asp
BGMO travels to London on Aug 15th
http://finance.yahoo.com/news/Bergamo-Acquisition-Corp-CEO-bw-3216416692.html?x=0&.v=1
AES Releases statement on Aug 27th
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Business/27-Aug-2009/AES-to-sell-power-plants
BGMO releases PR on Sept 1
http://finance.yahoo.com/news/Bergamo-Acquisition-Corp-bw-3550476849.html?x=0&.v=1
Again, just a time line but not sure how this all fits... But I know something very real is occurring. Its like a mystery movie. ha ha
Thanks for the DD.. can you send a link to that info... Also, what is your opinion on how this will effect shareholders for BGMO? Thanks
Interesting.. may I ask why? I like to hear all theories. Thanks
Why did stockguru post this : http://www.stockguru.com/category/trade-alert/
Read MZEI half way down. Seems a little misleading to me.
Threw...I know your a really busy guy but I had a few quick questions and I dont have Private on this board. Do you have yahoo chat or something.
Its coming..The volumne has started to pick up.. and is is on the heals of where we were before the last big run and PR.. so I think that is a big sign. Anyhow, Id rather BS PRs not be given. He has a ton to cover so no reason for a time stamp. The previous PR stated "they hope to release" within 2 weeks which would have been ending yesterday... But HH has been off a day or two but ALWAYS delivers. LOAD UP!
MORE DD... Because there is on going questions about address and legitimacy. Check the PR on Oct 7th. There is an address listed from the fax. It was sent over to Hillard at the offices of either the Karachi Chamber of commerce OR the Karachi Stock exchange.. Couldn't figure out which as they are all in the same building.. Either way. Gives a little more info that he was in fact in Pakistan. As for his home address, he wouldn't be clever enough to have a fax sent to this location to scam you and not think of a better place, other than home, to list his filling address. Just a thought.
About 50% of pink sheets CEO's file their home address. Nothing new. I actually own a large fitness company in Texas and I use my personal address as an office. Of course Im not making millions but this is an acquisition.. so at this stage in the game Im not surprised.
Also.. just FYI Google earth is a crappy tool for searching businesses as the last update was 6 years ago. Where I live half of the city wasn't even built 6 years ago.. Thus if you look at google earth.. Most of the 30 story high rises that exist today are just dirt lots. Just a thought.