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BDVID a/s reduced from 5bil down to 600mil filed today! o/s only 2.8 mil .....
can someone toss up some L2 action for the peeps in the cheap seats? lol
and here we go :)
severely undervalued even at .09 only $241,740 mktcap? thats really low .... .16 to .18 right now makes more sense with only 2.6 mil o/s .... wonder if we will get a little after hours update today :)
that is true....however i think they can always use their ability to raise capital through stock issue as collateral and not have to actually go ahead and do it....unless of course what ever deal they financed falls flat on its face...but if they secure the note by backing it with shares it wont be as bad as diluting, raising the cash and then obtaining the note...so we shall see. All it is going to take is one solid deal to get the ball rolling....and my guess is they already have that or else they wouldnt have gone through all the B.S. to be publicly traded...just a thought.
I'm not concerned with the numbers on the 2010 annual report....however the presentation of the statements is a little scary...cash flow statement is incorrect depreciation should be a positive add back so not sure how they reconciled to the change in cash...i'd have to see last year's balance sheet...but that kind of stuck out a little.....but let's see what 2011 Q1 brings, let's see what they have in store for this year...the o/s is so painfully low that one good deal sends us flying so im not going anywhere
what? where do you see that they made money? $700k loss from operations and an $800k gain from debt extinguishment does not constitute "making" money.....but those were 3/31/10 statements so why do they even matter at this point? that was health products now we are talking oil rights...?
if not already submitted to pinksheets and just awaiting their update...so i hope i have a few more days to load...im waiting for a wire to clear that i sent this morning...should be by close of business today.
it will just be silly...and the best part about it is how low the o/s and float are so we dont even need HUGE deals to make this thing move. im loading up by the end of the week....they could announce as early as monday morning pre-market that they have submitted financials and are at current status...probably not til tuesday but i dont want to have to chase this on a ride up....the next 3 days is when you load up. good luck all
i couldnt be happier with how things have gone here...i was suspect at first when the r/s happened....but looking back on how their were no fluff pr's and a dilution prior to the r/s...the filings will be current...ceo is handling this very well...so far.
They would be crazy to announce any major deals before they became current in their filings...they just announced they would do what it takes to get current and you guys don't think this is a good PR because they didn't announce a business deal?
im perfectly ok with them getting all their ducks in a row first...if you ever want big money to come in...real money and not day trader penny pushing nickles like $500 - $1,000 trades you HAVE to be current on your filings...
if they announce one deal...not even a big one...say maybe a $2 mil deal this is at somewhere around $1.00 with this number of o/s and float....
how many f'n companies does Welch have his hands in now?
its funny you look at the individual trades and there are 1.4mil + in buy volume vs. 400k in sell yet the price goes down....and this buy vs sell ratio has been the same for days
how is the day's range .02-.02? was it just a 100/1 r/s at .0002 ?
the more i think about it the fact that they didn't use a PR firm to pump the new website...run the share price up and then dump shares...then do an r/s (which is basically what most pink scams do) is more comforting. they dropped a few shares on us to raise some extra cash and got right to cleaning up the gazillion shares that are out there..now time will tell what is really in store for us here...will they further dilute after the r/s? who knows, but i think this isn't as bad as some are calling it here...i dont see the sky falling (yet)
well i'd have to say that website is top notch...think of the information and websites you get with most pinkies they usually look like something your little brother cooked up in his apartment half cocked.....i'm riding this out too...im just pissed cause if they rolled out that site and business plane without an r/s we would be at .0006 right now. anyway, im gonna let them clean up the share structure and see what they have in store the next couple of months. good luck all
you think we will find out what it is black castle will be developing any time soon? lol this is just another pinksheet abortion....
etrade has it as GRWW with $0 value still ....
where are you seeing this?
where are you seeing this?
70mil shares = $7,000? dilution? are you serious? wtf would he do with $7,000 lol if the volume were at 700mil + then maybe...maybe...you could say there was some dilution going on...also there is no PR to pump this up before the dilution (like most penny scams do)...not the case here today...
the buys vs sells look pretty good....anyone know what that 28mil share trade was? it shows up on here as unknown?
any word on when the website will be done? we need an update and we can get this moving
75% of the legacy debt was said to have been paid off already...so not sure how much dilution you are expecting to see here in the near term at least...what they do to fund these potential future projects is still an unknown but i would expect them to start any massize amount of dilution any time soon...also the a/s is not that high for a pinky...most are at 5 bil. Granted they could vote to increase that at any time...but as of right now i dont think we have to worry about any major dilution issues. My biggest concern is why did rainbolt leave...i'd like that to be truthfully answered but that will never happen...good luck
what is it 1941 and they are the Japanese crossing the pacific here? lol there is no need for secret codes if they needed something they would just call each other....
.0001 is untouchable now. My 10 mil order has been sitting there since 2/9 it's just not going to happen...i didnt think id get all 10 but at least a couple 2 mil partial fills...but nothing
I couldn't agree with you more moxy...in this case silence is golden. if the share structure were in question or a pending merger or something like that then ya we would need updated info and pr's with explinations and so on...not here...all we need to do is sit back and accumulate while we can at these prices and then just wait for the results...and given the results other companies have had drilling in this area i'd say we are in for a fantastic ride.
Good luck all
reinstatement, new ceo, name change, new company with new activites/business...all within the last 3 months....I wish a couple other positions i own had this kind of "nothing" going on lol you have no "facts" to state....
8.5 mil shares bought and only 1.18 mil sold ..... the price will have to move soon
i will never understand how a $0.40 trade (4,000 shares sold at .0001) effects the share price...i mean really wtf lol my account value changes by $2,000 because of a $0.40 transaction....
has anyone talked to our CEO yet?
im guessing the float is 1,531,755,703.....350m shares higher than what was last stated by the TA before getting gagged. The restricted shares dropped by 350m from 1/11 to 2/10 and there were 700m due to come off restriction ..... just a guess and im hoping to hear something more concrete soon ... all in all i dont think it's nearly as bad as the market is reacting here and we are set for a nice come back as soon as this info is put out there.
good luck
how many companies has this guy falsely pumped, scammed and dumped? i got killed over at modc cause of this clown....how the sec hasn't caught on to Welch is beyond me! he creates these fake companies, tosses out the pr's that mean absolutely nothing, dumps billions of shares, cashes in and then takes off....
people on this board...look at his history and run like hell!!!
the share structure cannot be the same as it was since the shares came off restriction....what you are saying is that it hasn't changed and that's simply not possible...im not trying to give you a hard time here, but that is why people do not believe you when you post that because your source cannot be right...also did you see what happened the last week? 20mil and 40 mil share lots being dumped? 5 times the avg volume being traded and sells out numbering buys by more than a 2 to 1 ratio? there was a dump...and the share price right now reflects that...now if we new the exact details of "the dump" and how bad it really was then maybe some confidence could be re-instilled here because they DO have a product and appear to be on the right track in that sense...we just need to know if the CEO is killing us in dilution
ive got an email into someone that should be able to get by "the gag" by the TA and get us an updated share structure...the dump appears to be done, at least for now, we shall see what happens after the next PR....if i hear anything i will let you all know. good luck
anyone else have the feeling things are right around the corner here?....i didnt expect to hear anything until around march/april and i keep trying to grab as much as i can at .0001 but haven't a buy go through in weeks...any day now that website will be fully functional and we are going to learn a lot more about what the future holds here....good luck everyone i think we are in for a good ride and that ride will start soon
how could you possibly assume a gross profit margain of 60% ?
30% would be outstanding...with 15% going to S,G&A...leaving a net of 15%....
on $150 mil that would be $22.5 ... now lets say industry values this segment at 5 times earnings (banks usually go by 10x earnings)...anyways that leaves a value of roughly $112.5 and a share value of .0225 which i will take right now and then run like hell
how could you possibly assume a gross profit margain of 60% ?
30% would be outstanding...with 15% going to S,G&A...leaving a net of 15%....
on $150 mil that would be $22.5 ... now lets say industry values this segment at 5 times earnings (banks usually go by 10x earnings)...anyways that leaves a value of roughly $112.5 and a share value of .0225 which i will take right now and then run like hell