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This stock isn't going to go higher up until the 30th. It will only go higher if another PR is released.
This stock goes one way... down... when there isn't any news and the company is idle. The stock only goes up on PRs.
In the 7 months I have owned this stock, only once did it go up without a PR and that was Barney Frank's marijuana proposal. All MMJ stocks popped slightly. The stock went up 40% for 1 hour and came back down by days end.
So without PRs, this will likely head back to .004's and if the dividend does happen, maybe you can double. If you bought this above a penny you are likely taking a hit no matter what.
You can't even call this profit taking.
No one is taking profits lol.
The stock OPENED on Tuesday at .0068. Even though it was at .0043, nobody was able to buy there that day. Basically anyone who purchased this stock Tuesday is at a loss.
Am I the only one annoyed by all the "false" predictions. All I read is ".03 by end of day" or "this is going to da moon" or "it is staying at .007 so we can buy more and load up before it goes to .02."
The fact is, nobody knows what this is going to do.
This could go back to the .004's and stay, it could stay in the .007's, it might go up. We don't know...
Enough with the ridiculous predictions...
It's starting to look like the smart thing to do was sell between .01 and .0125.
Even if the dividend is a 1 for 1 share and you can double your money, if this goes back to the .004's, you don't even make what you could have if you sold between .01 to .0125 ...
Where did you get this information? Why does it have to be .03?
I am negative and I don't look silly. I am still at a loss, even after averaging down twice. My original buy was at .0150 in February.
I predicted what would happen. I said it would run one day, but instead of running from .0130 to .03 and above.. it runs from .0043 to .0125 and doesn't even break even for most longs.
A lot of investors don't want to wait 2 weeks, they are so impatient and look for the quick flip. Not to mention, most people don't want to wait until November 15th to see the next 10Q that verifies the revenue numbers.
If people read previous PRs, Friedman repeatedly states the spinoff/dividend will happen at the END OF SEPTEMBER so I don't know why people expected it today or tomorrow.
I own 570,000 at .0094 Average, been holding for about 7 months now though. I'm just glad this didn't hit .0000 after being at .0043. The last few days have given me a change in opinion... hopefully everything comes to fruition. I won't be buying anymore though, this is all I can afford to invest
Just from past history, if Friedman says in the PR the news will happen in a few days, you need to wait the full few days. He said it Tuesday so news might not hit until Friday, if it does. Just an FYI... so don't panic when there isn't anything tomorrow.
This isn't visa, a billion dollar company or $90.00 a share company. When you had $32K in revenue and can move up to $2 million that is big. Not to mention, not many employees or a lot of expenses.
I guess a small and PROFITABLE fast food restaurant is pathetic if they don't bring in the same volume as McDonals?
...
I'm giving him a pass for now on the revenues I expected from the PRs in 2010 to April 2011 just because they basically changed the whole business model in May 2011. You could be right, but thats the risk right? It's why this is at a penny and not .30 now.
I could see selling if the PR only mentioned the $8 mil and you don't want to stick around for the long term, assuming this run is done... but the PR says the dividend share info will be released soon... I just don't understand how you can panic sell. At least wait for the next PR before selling.
I think 389,000,000 and being lowered by 10%. based on recent 10Qs, the shares haven't changed. Friedman says no reverse splits in the future either... so the share count is looking good.
I wouldn't say that.
My breakeven is about .01 ... but it sure was nice to see my shares go from being worth .0043 to .0087 at end of day yesterday.
Yes, I have been here a long time and had frustrated moments. I put my shares up for sale a couple of times the past few weeks, fearing this might hit 0, but they never went through... lucky for me. Maybe it was a sign?
Good to see I'm not the only one sticking it out. If this news is legit, there is massive growth potential. Last month he released a $1,000,000.00 a month in new business PR, now 8,000,000.00? That is massive improvement. Those 2 PRs alone make this a $2 million in revenue company vs. $32K?
I'm looking forward to the November 10Q.
Someone is trying to sell 600,000+ shares...
I don't see why people would sell with the dividend news to come soon.
Where do you see that?
current filings show nothing supporting these huge claims going off.
Why would the most recent 10Q for the period of April 1, 2011 - June 30, 2011 support claims made on September 13, 2011?
Is that how your thinking works?
Why are people attacking Friedman's spelling? Jim Irsay, Owner of Indianapolis Colts, isn't too great with public tweets...but he is the boss so he can do what he wants.
What about the $9.99 trading fee? :) If you sell you'll be at a loss?
I have owned this stock for months, it always does this on PR releases.
It goes up in the morning and ends up almost back where it was at close. It continues to tank the next few days after that too.
With 50 million volume this should be a lot higher now... what's holding it up?
There was a penny stock, I think NEOM? that went from under a penny to .22 in like a day. Oh, I would take back every negative thing I said about this company if it hit $.20
This stock is only at the settling point. This was always a .01 penny stock and it all of a sudden collapsed to .0043 recently. As a long-term shareholder, I am just getting my losses back now. I need this to hit .02 to make some money.
The dividend is mentioned in the article if you read it. There was mention of a dividend in June, but no official announcement. I guess it is finally going to happen.
Can you post the L2 screenshot?
I've held this stock for months now, still at a loss. I'm hoping the shares I bought at .0150 will eventually become worth more than what I bought them for.
I had fears this stock would be .0000 someday, but Friedman's PR has me feeling more confident.
It annoys me though seeing people who just bought this yesterday or today that are profiting big, while I'm just praying I can breakeven...
That's life I guess.
I'll admit, I am full of it. I never sold...
Truth is, I put in a full sell order for my 500,000 shares a few times since the 10Q was released. My order never got filled though...
I guess I got lucky because I gave up...
Anyways, I am not going to sell at all today... hopefully I don't get screwed again. I am banking on Friedman's "dividend."
I'm here...
$8 million at an average of 2% in Revenue is $160,000.00 in revenue a month, or $480,000.00 a quarter. That is a 5,900% increase from last 10Q, not including the other revenue already report.
I wonder if Friedman's excuse that he had to delay revenue recognition is true.
All you guys showed up on this board last night.. BEFORE the PR was released? How the heck?
It's wierd how dead this board has been and all of a sudden all these people show up BEFORE the PR is released.
I was bored so I just pulled my Post from June 17 when this stock was at .0112:
Friday, June 17, 2011 9:58:21 AM
Post # of 10566
The problem is that I have seen this trend with penny stocks before.
I fear that this stock will dwindle down to .0030 by the time this stock will pop, and the pop will be back to .0150. All the day traders will make a solid profit, but the longs and people who actually cared about the company are just breaking even.
Obviously I could just continue to "average down" but I'd have to be a fool to continue to throw money at a dwindling stock that has management that doesn't stick to its PR promises.
Haha, anyone who gets in now will triple their money? Tripling money still leaves people at a loss... that is the problem lol. .0043 tripled is .0129... which is less than where I had originally bought this.
My prediction is so accurate... I knew I would be right.
When this stock was over a penny, I posted saying IF this thing ever moves, it will move from .0030 and people will only recover losses.
Negative posters don't need to post anything to support their comments. Look at the stock price. Look at the outstanding shares. Look at the decline from 2011. The writing is on the wall.
It's not like this stock is up 400% and people are trying to bash it down so they can get in. It is nearing all time lows...
I totally agree. Some naive people will read this board and buy/hold because of what they read. I feel like it is my duty to protect them.
The fact is... this stock is/has been garbage for a while. People don't seem to get that there is NO REWARD for holding a penny stock long term.
It seems like the strategy is to hold at a 70% loss for a possible breakout 2 years from now?
People are mad because new investors today are getting in at much better prices.
What's the point of buying at .015 in March 2011 for a POP that "might" happen in 2013 when you can buy this at .0050 in 2013? That is why people are mad. There is NO REWARD for being a long term penny stock holder.
I might be back, likely if this drops back to .0030.
This stock is at a 50% loss from where I bought this 8 months ago. Talk about growth... lol. I'm glad I cut my losses and sold at .01. I decided to invest in some Large cap stocks now that those are at bottom.
I can't believe people still try to defend this stock. Anyways, GL to you guys.
In case you aren't aware... there is massive dilution right now. SSOL is dumping shares like there is no tomorrow. I wonder what the share count is up to?
Maybe no one is keeping it down and the stock is just worth .0046 right now.
You aren't serious are you?
Read the PRs from 2010 to April 2011. Where is the revenue for those agreements? LIE
He said he would issue an 8-K at end of day for the term sheet a few months ago. He didn't... LIE
He listed in the June 9 Shareholder letter a vareity of things that would happen the next 90 days. NONE of it has happened. LIE
He said the 10Q is done and would be filed on time. It wasn't.. LIE
All he does is lie...