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The only reason I bought in the first place was the 20M in financing which made AUMY seem like a legitimate operation, because who in their right mind would loan 20M to a company who doesn't have something promising in the work? But that's just it, AUMY is all about fluff news and unfulfilled promises. I felt as though the 20M in financing trumps all, if they really did get that money, then who cares about fluff PRS, boy was my assumption about that 20M wrong, they have no such money.
From this I have learned how to make money from AUMY going forward:
1) Wait for stock to hit bottom
2) Wait for news, noobs flock to AUMY who are not aware of AUMY's history will feed new money and bring PPS up
3) Wait for news of some kind of deadline approaching for a dividend or something that 'rewards the loyal' shareholders
4) Dump shares for a profit 2-3 days before the deadline arrives, at this point in time, the stock will be priced high, relatively speaking
5) These noobs become the bag holders who now realize this truth, and go to step 1.
wow yeah that's nothing, i've llost several thousands through the last 2 years
hmm. I think it drops to .0018 eod
probably introducing more shares into the float like last week Thurs/Friday, probably the company attempting to sell off more shares before the inevitable supertank and reverse split. I still have 200K shares, dumb aren't I.
Exactly. As I was saying earlier, the amount of shares is not relevant, it's the fact that there are now double the shares being traded. Price volatility is gone in the short term. As is momo.
Dilution 1, AUMY 0
The problem is there are now too many price takers at any given price level due to the float that more than doubled, volatility of the stock in the short term is now destroyed without any other catalysts (non-fluff news).
It's not a matter of faith, it's a matter of dilution. Plus momo is dead.
Dilution keeping it down, sigh
They are a business, they are out to make money. Nothing more nothing less. Do you think they exist as a public service for the common good?
How do I subscribe to these newsletters?
Sorry, don't want to undermine your credibility, but are there any primary sources or other places where we can find this info. Just trying to be a bit more skeptical about what I read nowadays.
You guys are fine, you didn't put important money on the line like I did, the fool that I am.
I don't disagree that it isn't a buy situation based on support/resistance, but I am saying in the long run, it will be more difficult for one to expect the 50 cents or even 2 cents that some are clamoring about.
Wasn't this stock once $20? What happened to the PPS? Seems like they are diluting it ad nauseum, they and the MMs are the only winners.
Shareholders who receive a stock dividend in this manner acquire more shares of the company's stock, but the shareholder's wealth in the company is not increased. Because the company's assets and liabilities remain the same, the price of the stock must necessarily decline to account for the dilution brought on by the creation of more shares. This situation can be understood by using a slice of pie. The shareholder can divide his or her slice into two, three, four or twenty pieces; but no matter how many ways it's cut, the overall size remains the same. After a stock dividend is issued, shareholders have more shares, but their proportionate ownership interest in the company remains the same, and the market price of the individual shares declines proportionately.
Like the stock dividend, a stock split is a proportionate increase in the number of outstanding shares that doesn't affect the issuing company's assets, liabilities, equity or earnings. As a matter of fact, the only difference between the two is in the area of accounting. A stock dividend of greater than 25 percent is recorded as a stock split. A 100 percent stock dividend is known as a two-for-one stock split. A company might decide to split its stock because the price is too high; with a lower price, the stock becomes more marketable. Let's take a simplified look at what happens when a two-for-one stock split is declared.
As an example, a company has 1 million shares of stock outstanding with a price of $50 per share. After the two-for-one split, the company will have 2 million shares outstanding, and the stock will trade at $25 per share. Additionally, a shareholder who owns 100 shares before the split would have 200 shares afterwards with a value of approximately $25 per share. There is no net change, either in the company's bottom line or the actual value of the shareholder's investment.
There's no such thing a good will in the pennies, seems like everyone has an ultierior motive.
I think it will, it suckers in new investors like me with new money. Now I got creamed and know better, still holding 245K shares but man, I feel like value has been stolen from me, dilution is no different than the inflation of money, nominal prices are the same (shares) but actual value/purchasing power (PPS) is diminished.
They will repeat it again, just be ready to sell when it is back at .01s I guess. New money will surely find its way here due to the AUMY fluff news machine.
THAT IS AUMY's BUSINESS MODEL, I wish they would be an honest company.
You make it sound like dilution is some small thing; it's the easiest and most lucrative form of theft on pennies. And you are dismissing it. This is actually pretty serious you know.
I just think AUMY has a real contempt or indifference to their shareholders. They know they can make money doing this, they do not seem interested in advancing a business objective at all, seems like a fluff PR comes out then a huge sell off occurs, it's like they want to keep the price high enough for them to sell off. It's like a big joke to them, and it seems like they will repeat the cycle; rinse and repeat. Just exploiting the hopes and earnings of people who make an honest living.
SeccoTec posted this:
Dilution Confirmed
Shares Outstanding 468,129,991 a/o Apr 25, 2012
Float 285,013,648 a/o Apr 25, 2012
Authorized Shares 1,025,000,000 a/o Apr 25, 2012
The float implies dilution, form 118M float to 285M, that is what's been happening since Weds.
Float was 118M we were plugging along fine, then AUMY sells into their news and BAM! FLOAT DOUBLES, prices less than half from the .0124 high this past week, I am starting to think it's more AUMY than the MMs.
Yeah but if they doubled the float, DOUBLED the outstanding traded shares, it doesn't matter how big it was in terms of sheer number of shares, the important thing is that it doubled and that means the PPS could shrink by half if no news comes out, THEN you have the (small but diluting) shares of teh dividend coming the weekday after a selloff. I do not see how PPS is benefitted.
So the game was to put out phony PRs to increase the PPS such that they had an opportunity to monetize the hype they built, after diluting the float, the PPS drops to what it was before. Makes sense. FU AUMY
I like the upside since it's close to the 52 week low, the thing that scares me is the float size has doubled, I don't know how that can possibly help the price going forward.
this bounce is the time to sell, not buy lol the dividends will only make things worse. At least the 52 week low is not far off so not too much farther to drop after the bounce.
I kind of wish they would have given the dividend when the stock is an in uptrend (when people would be far less likely to sell), now that they are giving people more shares, they will likely try to sell them, driving the PPS even lower. *Sigh* what morons AUMY has in management
People, the technicals plainly suggest that this is going down much further -- something that has precipitated as early as Weds even without the sell off today. Massive volume also confirms the continuing down trend.
If you play for the bounce PLEASE take heed that it will likely continue to go down much further after that bounce; in other words get in before the bounce and then GTFO after, The trend is pretty clear, without REAL news, we going down. I just want it go run up to .0047 before I may sell some.
If they are at the ask with more shares than you at the same price then that's no surprise.
How does that matter if the new shares have already been sold into the float?
run into the fist of the MMs
Look at MACD, it will almost certainly converge to the downside without REAL news. I wish I had some funds to claim the small bounce though
EDIT: RSI is terrible too, look at the slope and dropping below the center line.
It's hard to believe they would be dilluting on a pinksheet where dillution is rampant and taboo and have it be construed as a positive thing. Its like they don't give a rats ass -- they don't return calls or emails and now dillute. they are like a rapist sneaking into you bed in teh dark of night
it's hard to hang a chunk of my savings for a magic act...but I haev no choice now, I am in far too deep
I have not sold anything yet. I am just angery
Why the hell were they diluting it if they are so confident?
Floats diiluted man, we're done. Doesn't matter now, almost certainly will drop to .000s
Wow, then AUMY is really done. Wow. What a sham. That float doubling? That is horrendous. My goodness what a scam. So angry right now. I can only laugh.
Thank you GM TECH, I will not name my first born after you after all.
WTF...did I not complain about the possibility of the dividend increasing the float and hence introduce dilution. Damnit, why did I not listen to my fking logic.
lol 5K bids again? fking games thin to .0048. I think we finish around .0050 today, don't know what happens next week
1.2M shares @ .0037, accumulation at this level, I think we are up from here, until .0048 then a plop down to finish the dead cat bounce
Small bounce coming, ask is building nicely to .0048.
Anything below .0038 for a nice quick bump but GTFO as soon as you do.
MacD line is only starting to converge to the downside, this means there will be MUCH more bleeding IMO. RSI is awful too. I think its AUMY dumping?
Yeah, level 2 is a complete mess for us.