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No Buyers.I think it goes lower than .004.
Better than dilution?I guess that's one way to look at it.After all you have 571 million shares outstanding,you are authorized is 2.95 billion.If they issued all of those shares you might get to your 6's.But it would be in thousandths of a penny instead of tenths.
Looks like that ask got crushed again today.
I wouldn't know.My Englizh Skillz is worse than my maths
This year", "this month", "this week", "tomorrow", etc
They have now changed the mantra.I guess some didn't get the note.It is now....."soon"
Forget about the volatility range.It trades virtually no shares.You could never get out of any decent size without crashing the price.I forgot this is the stock of the year with a 100k in revs....
I wouldn't buy in the 4's.I think you will be able to buy all you want a lot cheaper than that.
Plenty of shares on the ask.Lower than this morning.Step right up.
You're kidding right?The reason your stock is at 41 is because people are not aware of this stock and you need better promotions?No its at 41 because you have 90k in revs and 550 million shares outstanding.If it was so good people who already owned stock would be buying more glad that it was cheap and undiscovered.
Over a year ago people were looking at this stock as there were indications that a CDB reality show was going to be made.Here you sit a year and x months later just now building a premium website to try and fund said reality show.You think people are going to pay $15/month to find out if they CDB on a website.I say no way and a year from now it will be something else trying to fund a reality show.
You think pigeon palooza is going to be big because angry birds was?Yeah second to market always does as good as first to market.
Well it didn't push it into the 3's but it so far is another red PR day.If nothing else this stock is consistent.Looks like more shares showing up on the ask at lower prices.
I wouldn't get too excited.Based on this stocks performance on prior PR releases it might take you down into the 3's?
About $21 worth of stock traded in the last 2 days.Doesn't everyone know this is the stock of the year?I guess its not cheap enough for the co to buy back shares.
Don't believe there was ever any real interest.Couple of days with some penny stock flippers.In my own personal opinion the only thing that would change anything here would be a reality show for CDB.Everything else for 500+ million shares outstanding not going anywhere imo.
Another obvious answer.It doesn't appear anyone is interested in BLAP
Another thought.Even if it were the company buying back the 900k shares,with 571 million shares outstanding it would change the O/S minimally.
How does a CEO buying shares reduce the outstanding shares?They are still out,just owned by someone in the company.May change the number of shares available to penny stock day traders but not change the O/S.
Now if the company were buying back shares that would decrease the number of outstanding shares.But with 90k in revs for the year how could the company possibly afford to do that?
If they lose and have to issue shares to pay debt and as we know my maths is a little off,How many shares would this be?
NOTE 7 – SUBSEQUENT EVENTS
The Company is currently in litigation with Golden Gate Capital Partners and is
contesting the entire balance of $333, 340. No additional interest has been accumulated
during the past three months.
Another 10 million shares?????
On November 16, 2010 the Company issued a 6% note for a principal balance of $30,000
with a maturity date of January 31, 2011 which has been extended to May 31, 2011. In
addition to the interest the Company will issue 10,000,000 shares of stock with the payoff
of the note. The Company has valued the stock at its market value of $0.0045 per share
on the date of the note or $45,000. Accordingly the Company has recorded $26,645
interest expense for the intrinsic through December 31, 2010 and has subsequently
recorded the balance of $18,355 interest expense on January 31, 2011. The Balance of
the note at March 31, 2012 is $32,525 which includes $2,524 accrued interest.
My favorite part of the fins.
NOTE 3 - GOING CONCERN
The accompanying financial statements have been prepared assuming that the company
will continue as a going concern. The Company commenced operations in the first
quarter of 2003. Since inception, it has incurred losses and negative cash flows from
operations. The Company has been dependent upon external financing, including private
sales of securities and borrowings from its CEO to fund operations. For the three month
period ended March 31, 20112 the Company had revenue of $28,237 with an
accumulated deficit of $4,771,423. This raises doubt about the Company’s ability to
continue as a going concern. The financial statements do not include any adjustments
that might result from this uncertainty.
Management continues to seek additional funding. There is no assurance that its efforts
will be successful, or that the Company will be able to obtain additional debt or equity
financing on terms acceptable to the Company. Failure to raise needed funds on
satisfactory terms could have a material adverse impact on the Company's business,
operating results or financial condition.
February 2011, soon yeah real soon
Looks like the ask dropped a little also.600k at 59.No takers.Bid only 75k at 48
Don't even know who they are let alone work for them.Come on step right up,you guys think its going to multi pennies but none of you willing to put up 12k to take out those 6's.Speaks volumes.
Really?2 million on the 123 million you guys keep stating is not about 1.5%.. OK its 1.6 %
This is probably the closest OTC under .10 to a big board stock.??????
What the heck are you implying by that?Which alternative?
Financial Criteria
Must meet 1 of the following standards:
Alternative #1 - Earnings Test
Aggregate pre-tax income for the last 3 years (d) $10 million
Minimum in each of the 2 most recent years
Third year must be positive $2 million
OR
Aggregate pre-tax income for the last 3 years (d) $12 million
Minimum in the most recent year $5 million
Minimum in the next most recent year $2 million
Alternative #2a - Valuation with Cash Flow
Global Market Capitalization (f) $500 million
Revenues (most recent 12-month period) $100 million
Adjusted Cash Flow:
Aggregate for the last 3 years
All 3 years must be positive $25 million
Alternative #2b - Pure Valuation with Revenues
Global Market Capitalization (f) $750 million
Revenues (most recent fiscal year) $75 million
Alternative #3 - Affiliated Company
For new entities with a parent or affiliated company listed on the NYSE
Global Market Capitalization (f) $500 million
Operating History 12 months
Parent or affiliate is a listed company in good standing
Company's parent or affiliated company retains control of the entity or is under common control with the entity
Alternative #4 - Assets and Equity
Global Market Capitalization (f) $150 million
Total Assets $75 million
Stockholders' Equity $50 million
Not looking to save anybody.Trying to see if any of you can support your positive position.My personal belief is the only thing that could save this is a CDB reality show.90k in revs for all of them shares....come on
Well I guess I will not be silent as I don't see this going over 1 penny,let alone multi pennies.Over 2 mil on the ask now.My maths may be a little fuzzy but I think that would be about 1.5% of your float.
Another 500k added to the 6 wall in the last 30 min.Up to 1.7 mil on the ask now
From otc markets
BLAP Security Details
Share Structure
Market Value1 $3,143,448 a/o Apr 26, 2012
Shares Outstanding 571,536,000 a/o Dec 31, 2011
Float 127,486,000 a/o Apr 20, 2011
Authorized Shares 2,950,000,000 a/o Sep 30, 2011
Par Value 0.001
Looks like the 6 wall is growing
.006 on a 5000 share trade($30).Thin on the bid.500+ million shares outstanding.Doubt it gets through 6
Not looking so great anymore.Down 27% and ask size increasing
What you should wonder is why when ever this gets around 6 does a wall come up?
Seems the more things change,the more they stay the same.....from Nov 2010
Try to keep up.I made a math mistake on this board once and one of the posters made a comment about my "maths" skills.So now I refer to it as maths here.
Better hope blast doesn't release anymore news today.Maybe you will have a shot at being even at the end of the day.Then again it will probably be a zero share day then.
It's good you guys are able to LOL so much.You're down from .006 to .0046 since the release of fins and a news pr.Which you were all so eagerly awaiting.My maths is a little bad with these fractional penny stocks but that should be somewhere around 25%.Not good.
Question for some of you more knowledgeable than I.I think there was some retired debt in the last fins.Were shares issued to retire this debt?Could that be where your selling is coming from?If so,how many shares were issued?
Nothing to do with anyone.Just good at spotting junk.
it's still only 90k for 500+ million shares outstanding
It's good you got excited.Nobody to buy any stock did.
Looks like the great news was as accepted as well as the great financials.The ones with a whopping 90k in revs.
Ask size growing from 400k to 1.1 million.Still no takers.
Yep, the offer keeps going lower with size and no one will step up to buy.What's in store for blap this week?My guess is .002-.003