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Prove it.
Show me a link please.
Let me get this straight:
So you are saying if someone says something that differs from your opinion it must be paid for?
Interesting logic.
Or can you point out to someone saying that they actually have been paid to promote?
Which, I am sure you know, is the law.
Really?
Where do you take that information from?
Kindly share your source.
Big Money Mike just followed Emaji on Twitter.
He's only got 1.6m followers : )
Seems our potential audience is growing.
Let's hope the company keeps delivering.
Remember that two, three weeks ago, this thing was dead as a doornail.
Pretty amazing how much has happened since then.
Non-dilutive financing would mean equity raised at 0.0001 at the moment. Don't see why that would be impossible.
Key is to execute on the business plan and show people progress they can get behind. We are at least starting to see some of that.
Have a look at https://twitter.com/emajinews if you are wondering what the company is working on ... going pretty crazy today with feedback, retweets and favorites.
We missed you.
Buckman, Reid (BKRT) had been sitting at 1 but left the board this morning.
Only a single market maker left at 1 now which is BMA Securities (BMAK).
No idea how much they have left but the more turnover we have at 1 the better it will be in the long run.
Every share that sells here is a share that is much less likely to be dumped as things go higher.
Movie news out.
We know that there are old convertible lenders who have had shares in the float that they obtained at far below trip one.
Those are your sellers, I suspect.
My best guess is Beaufort and Guy Street. You can look that up in the annual report.
When we have eaten through that, you will indeed be right, no one will have a reason to sell at one.
That's the whole idea.
Excessive new dilution from old debt is a problem for that hypothesis to really work and the company will need to address that as it begins to raise funds (not through new convertible debt as they have publicly stated but through equity instead).
In addition, once we get financing news, the main thing to analyze is if the new financiers are given any reason to sell at one. Would hope the company remains consistent and avoids that.
Btw, a request to the moderators (assuming you guys handle that):
Can we pin some more recent and relevant posts to the top of the board? I still show summer of 2014 ones.
Sorry to make you guys work on the weekend : )
Every time we take a great step forward somebody comes in with negativity.
Don't get me wrong, I consider myself to be somewhat critical myself and think critical minds are important and welcome.
Where you loose me is when you make one argument (float is too big), get an answer to that argument and then - instead of defending your view - immediately switch to a new argument (dilution).
Go back and read the press releases on the dilution point.
Not to say that there won't be dilution from existing debt. Controlling that is definitely something we would all like to hear some news on.
I am pretty happy with recent steps. For us to be able to have a legitimate shot at returns in the 100s of percent, it requires a massive change in the company.
In other words, we need to go from a very bad place historically (no argument here) to a good place in the future. If everything was good historically, it would make no sense to anticipate the possibility of such returns.
The bad is part of the potential good here - if they keep making progress like they have.
Not a big float in $ terms. Lots of shares sure but this will move up in my opinion. Over ten percent of the float changed hands over the past week and something ... And that from practically zero volume for months and months.
Momentum should accelerate with increase in eyes on this.
How high this will go is anyone's guess but the 1s will fall as soon as the rest of the stock still held by the old note holders is gone.
$EMJI keeps popping up and disappearing from the breakout board. Climbed into the top five a couple of times.
Anyone know how the breakout board selects its stocks?
Just curious. Thanks.
Exactly.
The more volume at 1 the less selling pressure later on and the easier it will go up with less $ buying.
Getting these guys out of the way at 2 would take twice as many $. That's pretty basic math.
We went from good Friday to great Friday.
On no news ...
Was talking about Etrade the market maker ... They were still other market makers showing 1s.
Movement is a good thing.
One big buy would really shake things up.
Etrade just moved it's ask up to 0.0002.
Baby steps.
The way I read it is that more is coming this weekend.
https://twitter.com/emajinews/status/593999460872495104
Guess they needed a bit more time finalizing things for the film and then they owe us finance news next.
Who cares about a few zero volume days? Yes, no forward movement but also, and this is the nice part, no backward movement.
Price hasn't dropped as far as I can see.
And with no reverse split, won't drop anytime soon. That much we know.
A quick quote from the article:
"Market Makers do not relate to long-term holders. That makes absolutely no sense whatsoever. They feel a large percentage of trades in the OTC market consist of short term and day trades. Market Makers merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the Market Makers feel or rather know with some certainty it is very likely that dumb money will want to sell back those share relatively quick on the slightest drop [or some bashing for that matter]. Now somewhat comfortable with that logic the Market Maker merely short sells into the buying and attempts to take the stock down in an effort to "shake out the weak". Since it is tough to know for sure whether a move is a beginning of a trend, or a routine shake-out, this type of deception works quite well for the Market Makers. What long-termers do to a stock is surprise the Market Makers because instead of falling the shorting has no effect and the price goes up. Now that puts the Market Makers at selling low through shorting and thus having to buy at high in order to cover."
Ok can't resist one more quick comment:
You have to stay logically consistent. If you think the amount of shares is a problem then you can't complain (or laugh off) a reduction in such amount.
Anyway, we both know you are not just here for fun but sometimes big detractors can become big supporters.
Right now I think what we need are eyes on this stock even if they are critical (even illogically so).
So we all welcome you here.
The vast majority of those share are restricted.
Last week saw 10 percent of the float change hands. For under half a million dollars you could buy all of it. That's nothing.
I'll agree with you one more time today and then go cut some vegetables for dinner:
The track record of this company historically has not been impressive to say the least. And you could certainly argue that it did not create value for its shareholders to put it politely.
Sometimes, and it probably doesn't happen very often, people actually learn from their mistakes.
Lastly, I am not so concerned about the authorized. The company can issue as many shares as it wants as far as I am concerned. It just has to create value for its shareholders in doing so and not just enrich short sellers and toxic financiers.
So its not the size of the authorized but what is done with it.
Have a nice evening. I am sure we'll chat more and as long as you keep it constructive I would welcome your feedback.
Possibly but suing a "worthless" company as you describe it is of course highly unlikely.
I don't get the impression that this was a press release blasted from the towers with trumpet fanfare.
I saw it as a positive step of which many more are required.
And I will agree with you again: Steps to cleaning up the balance sheet would be welcome and are necessary.
For my end I could care less where this share price is tomorrow, I am interested in where it is a year from now.
Dear Awaken, we hope you'll stick around long enough to be proven wrong.
Thank you for not using capital letters and for your reply.
Ok, so we agree that not doing a reverse and not issuing convertible debt is good thing for this and any other company.
Let me agree with you in return:
Raising money is (very) hard for any company and, especially, at this stage. No doubt about that.
However, you are wrong about the fact that companies like this are not offered large amounts of money (low six figures) with the stipulation that they first reverse and issue convertible debt in return. This I know for a fact.
I think the company was simply trying to say that they will turn down such offers and take the harder route instead: Raise money that will need to see a rise in share price in order to see a return as opposed to profiting from declining prices and at the expense of retail investors.
Let's keep chatting and maybe one day I'll be able to welcome you as a fellow investor.
Dear Awaken, we missed you!
So quick question:
Do you think the following two things are good or bad for shareholders?
1. Reverse splits
2. Convertible debt
Just wondering.
And please no long-winded answer off-topic ... good or bad, please.
Let me know if I can help you with any questions on your end.
Oh and what are we betting?
A few weeks ago, Atwell had zero shareholder confidence.
He's sure done a lot recently to fix that.
Nevertheless, he's still got a long-way to go to rehabilitate himself permanently.
We should watch him like a hawk and our support should continue to be earned.
However, on the way there, he needs at least a few people here to support him and do so consistently.
That will bring new eyes and new buyers willing to take a risk.
My money is in. Show me another penny stock at trip 1 that has publicly committed to no reverse and no convertibles.
Food for thought.
My goodness. You guys have an attention span that would shock Justin Bieber fans ... love it one day, hate it the next.
Two things you need to do to climb Everest: Head in the right direction and keep moving.
Even if this thing doesn't trade for a few hours or even a few days, fact is its been moving and its been moving in the right direction.
Until the direction changes, I wouldn't worry about it.
And: the best thing that can happen here now is to broaden the investor base right here at 1 (that's right, at no bid) and reduce the toxics in the float to zero for the least amount of dollars possible. The company has done its part by committing to no new convertibles. That means much less selling pressure at 2 (or 3 or 4 or 5 etc) down the line.
Ask yourself whose side you're on and what you would like to happen here. Act accordingly.
Just my opinion.
Slow and steady wins the race. As long as the company keeps making positive moves, the rest will follow. Look how much has happened in the last week or two.
Also ... when the retail order goes to a market maker and the market maker fills it often the market maker is then short that stock. He'll (or she'll) have sold something but may not have sold that something from existing inventory.
If the stock suddenly starts to rise, this may present a problem for the market maker because he (or she) will need to cover at higher prices.
Hence the games.
With steady buying those games will stop because they risk becoming expensive for the market maker.
Looks like this is well on its way.
Market makers have to stand by their quotes. If they show a certain number at 0.0001 they HAVE to sell if someone comes asking for them. If your retail broker doesn't execute (say for something you submitted online), call them to complain. The lifeblood of market makers (most of whom do not have retail operations) are the orders that come in from the retail brokers. Any market maker that can't or won't fill those orders will go out of business because the retail brokers such as ETrade will go elsewhere.
So ... call your broker back.
You may want to reread the release. It doesn't say Atwell won't reverse. It says the company won't.