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Pretty ugly, definitely will hurt the reputation of some decent names
Thanks, you too.
just keep watching without buying, I'm sure you will like what you will see.
This one has nothing to do with it..
Absolutely two completely different plays..
Just watch and learn..
Looks like new people are finding out about this and entering in the last couple of days.
Masses still have no idea what’s going on here and for most it’s very difficult to comprehend since they are stuck in the stinky pinky mentality.
Updates from the company will open many eyes but the PPS might be much higher at the time.
Already started, ending August 31st
He sold the company for $350K and kept 650000 shares. IMO, he also wants to make a million on this.
What does the PPS needs to be in order him to make a million?
My guess is he is also expecting this to go to a dollar.
Are those numbers coincidence?
Up 40% with 400k shares traded , imagine the exponential move when the real news comes and the demand is high.
She might go to .20 in a day or two and can have multiple days of 100% moves easily.
We almost locked the float here..
here is my breakdown of return probabilities.
1) 1% chance of going 100 fold ($3 dollars straight to the moon)
2) 34% chance to be 10 bagger (30 cents or higher)
3) 35% chance to be 5-10 bagger( 15-30 cents)
4)20% chance to be less than 5 bagger (10-15 cents)
5)9 %chance to breakeven
6) 1% chance to lose
That's my take of course and how I see my risk vs return potential..
Eventhough, the environment we are in is toxic and sewer like , there are decent amount smart and successful individuals in the trading community. It shocks me even they are not interested or not considering to take a position here. What's couple thousand dollar gambling money when the sky is the limit, even if losing all of the investment won't hurt those individuals at all.
yes that's my scenario 1. Ihub players don't run the stocks from .03 to $3. Big money needs to be involved. It has been done in the past as in OWCP..
and that's why I'm here, I look at it from different angles and calculate the worst case scenario. Even with the worse case, the risk is minimal and with the best case upside is huge.
the environment we are in is so toxic people freak out whenever they see or hear anything about a R/S. Which I understand because most of the penny players are either not equipped to do intensive DD or they have a very short attention span.And most of them unfortunately need guidance, opinions of others and babysitting.That's why 95% of penny traders don't make money. This is not your typical stinky pinky.
We'll soon find out how this one will play out..
GL
I don’t know about the other ones but this one is worth waiting until new years.
This one is not your typical stinky pinky..
Good point on the liquidity, makes a lot of sense..
I really don't care about the PPS at the moment.
neither should anybody unless you wanna sell your shares before the updates.
this won't go up or down much before the update IMO, at this point the shares are going from the impatient to the stronger hands which is always good for the bigger runs..
I want the weaklings to be out of here. Only people holding should be the ones who really know what's going on here and what the potential is.
I told there could be millionaires created here and also told the possibility of a r/s.
If an idiot doesn't like the millionaire idea and gets scared of the r/s part, he/she doesn't deserve to be here.
it's not a non sense, it's a possibility. It's sharing ideas and brainstorming.
And if one idiot will panic just because of that without seeing the big picture than he/she doesn't deserve to be here.
Don't be too scared of different opinions and day to day, minute to minute PPS doesn't matter here until we see an update from the company.
Which makes the 1/100 R/S highly unlikely which is great.
As far as no reverse split options, people might doubt how we gonna go from .03 to $3.
OWCP ran from .01 to $3 with 150million float in 2017, so it’s definitely possible.
We will have some millionaires from this board, OWCP changed some people’s lives for sure..
As far as 1/10 or 1/15 R/S, I think those also will create minimum of 10 bagger gains. ( not including the gains after nasdaq listing, who knows what can happen after that)
Just brainstorming at this point and sharing how I see this puppy and why I’m here..
GL
You are right, they will use some of those for the existing korean shareholders and for new investors..
The crucial point here is the conversion of korean shareholders.
If they convert korean shares without a reverse split, we are safe because lee would never screw the korean shareholders who trusted him from the start and helped him..
Second scenario is , they reverse split empm and than do the korean swap. Let’s say 1/10..
The US shareholders will have 6million float. The koreans will have 60million shares restricted. What I understand from what I read is the company’s plan is to make the korean shares restricted until nasdaq listing. So even if they dump there will be no problem because of the liquidity..
3rd scneario is what I would have done if I were LEE. I would do 1/100 reverse for EMPM. That would take the pps to $3 level which is what they need for nasdaq anyway..the us float will be 600K.
The price will go down with panic probably to $1-2 range but with 600k float it shouldn’t be a big problem for funds and big money to take it back to $3 range to ensure nasdaq listing.
The last scenario is the worst case for US shareholders , ROI is pretty low but even with the worst case the downside is limited or extremely low..
You will still have the same amount of shares if they don’t reverse split.
The conversion is for Koreans only and doesn’t effect us at this point.
This is the company for sure..
My concern is that they can wipe us out with a huge R/S and start fresh.
Why would those big investment firms and hedge funds want to share this ground floor opportunity with small investors like us. Big Money is ruthless and doesn’t have mercy. That’s my only concern here.
If they don’t wipe is out the sky is the limit for us..
selling dried up. Looks like we finally locked it.
Almost impossible to get a big size here.
IMO, whoever wants size needs to pay .06 or more, I mean a big size..
Now if the company announces merger with no R/S this will go to .10 in a day and push further after consolidation depending how big the plans are..
GL
no it's not out. they filed the form nt 10-q today(notification of late filing)
As skichic said it won't have anything in it because it will be for the period ended may 31st
Having said that, I’m not pessimistic here and love this stock.
I saw the following quote in twitter yesterday and absolutely loved it. And I think EMPM is one of these opportunities. Iy was from Ian Cassel.
“All you need is three or four big winners during your lifetime to beat the market. Everyone else will think you got lucky, but everyone else didn’t have the discipline to find them, buy them, and hold them”
Somebody always will find a way to access especially if there is a 10 bagger opportunity.
Imagine, you exchange your shares for 55 cents and you have also a chance to buy the same shares for 5 cents or below. That’s an automatic 10 bagger. Wouldn’t you do that? I would double or tripple my investment presented with that opportunity.
I don’t see it as a red flag. But certainly a possibility for a R/S.
As I pointed several times before , even with a 1/10 or 1/15 R/S these prices are still bargain and will provide 10-15 bagger from here.
My confusion is why aren’t Koreans loading this here at open market?
While I’m hoping that is the case, that doesn’t make sense to me. Why would anybody exhange their shares @.55 while they can buy them @.05 at open market?
If I was a korean shareholder, I would have bought the shit out of EMPM shares. Obviously, there is no buying pressure at this point. Only buyers I see are the current US shareholders accumulating from the impatient.
Pretty confusing for sure but definitely a nice risk/return potential. We shall soon find out..
Ignore the idiot folks..the board has been pretty clean so far, we don’t need parasites..
Very good article.. the more I read about the more I am surprised why this stock is still 3 cents..
From the article:
“The country invited Saean Motors to join the project to produce ‘crossover vehicle (CUV) and 2ton trucks and Saean Motors will unveil the models at the 2019 Kuala Lumpur International Motor Show.”
Show will be between November 23-December 2.
Imo, the company is positioning itself for this show and I bet we will be trading on Nasdaq before this show.
I agree, very good post.
I don't mind any R/S up to 1/10 or 1/15 anyway, those small R/S mostly work out as long as they don't dilute which is the case here.
On the other hand, if they do an update this will sky rocket no matter what. If DCG,D can go to .30 we can do better. Perfect scenario would be this goes to .40-.50 organically and does the R/S ONLY to uplist to Nasdaq.
we'll soon find out.
Update might not come until after 8/31 which is the second share exchange date, that's a long time in stinky pinky land full of impatient traders..
you keep watching this everyday you will go crazy..
My only concern is that company announces R/S and vipes out U/S shareholders. if they don't, this will break $.1 and go wild with any update no matter what.
there is also a pop up coming out when you enter http://saeanmotors.com/
can anybody translate that?
TIA
well Korean shareholders have been informed about the future plans in the meeting but US investors have no idea.
we
We also deserve to get some update in order to know how the transition is going to be.
That's why I don't like to buy Asian companies, they are pretty bad with communicating. Chinese are horrible at that, I thought these people are Korean and would be better, but not much different so far.
It's sad we have to go to Korean forums in order to get some info..Thanks to Chenteddybear.
Otcmarket doesn't have a contact info..I emailed jlee@saeangroup.com , I tried the contact in their Korean website(there is an inquiry section on us section under the location) No luck so far...
we are up 25% with only 600K or $25K dollar volume.
imagine when masses discover this and volume goes to millions or $300-400K dollar volume.
we can hit .10-.20 in a day or two
Great DD thanks!!
well this is one of the too good to be true stories..
Management needs to start communicating, we need to know about their plans in the USA.
grabbed a small starter as well.
I realize CFGN is diluting here a little bit, she was in the box today.
And I am seeing some convertible note in the books.
has she been in the box for a long time or did she show up today?
some bad traders are in this trying to flip a stock with no volume..
Somebody got 100K at .028 and put it at .033 immediately, as long as these parasites get fed at the bid this stock won't go anywhere but down without news.
With news on the other hand it's a different story, she can go to new HOD in a day..
I hope we will see some updates soon, I don't like the silence after the shareholders meeting in Korea.
C'mon big buyer you are not supposed to sell your shares @.0006. Your average is 6,I'm sure you want at least triple your investment why try to sell at breakeven?
are you trying to scare people to load more? what's the deal here? talk to us my man..
C'mon big buyer, where did you disappear?
Buy another 25M, promise I will sell this time..
they stopped buying after exposed. Interesting action..
looks like $50K budget, put 100M @ .0005, 80M @.0006 and now 70M at .0007.
I think it's the same person or group who bought 3 25M blocks @.0004-.0006 and .0008.
curious whether they will keep raising the bid in order to get filled.