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I wish you luck averaging down Bones, I think you'll get your chance to do that starting tomorrow. This stock does have a lot of faithful longs who fell in love with it and will hold till the end I suppose, I was just too disappointed with what I have seen lately and have decided to move on. My last 25% are up for sale at .0035, maybe this stock will have its day someday, you never know in stinky pinky land where not much makes too much sense anyway.
Yes, it threw me for a loop also and in fact I sold 75% of my position today. $639K in liabilities which someday will be paid thru selling more stock. The numbers also showed that they have no cash or inventory (a couple hundreds bucks does not count for anything), so unless they have been selling stock or took out a loan since 3/31, there will be no PR coming anytime soon for any worthwhile news in my humble opinion. The free social media ad was nice, but does nothing to the PPS as evidenced. Also, all the hype the past few weeks about sales starting in Nigeria turned out to just hype, has nothing to do with EQLB. Thus, my patience is gone, good luck to you whichever decision you make with this stock. I also don't like the false PR's spun by Mo, saying 5-6 months that product launch has occurred in Vegas, then shows a measly few hundred bucks in sales for the first quarter is a joke.
It gets even worse than only $500 in sales, they have no cash and no inventory as well. Numbers don't lie, only people do!
On top of that, there exists notes for $33,299 and a long term note for $605,136, now I see why the share count was increased!
you crack me up, you announce product rollout in Vegas 6 months ago, report a measly $570 in revenue, books only show $1,804 in cash and $652 in inventory, and the share count was increased to 1.5 billion. Sounds like good progress to me!
Anyone notice all the updates for EQLB on IHUB, did they do this overnight? Let's get the party started and where is that PR that Bones promised by Thursday?
Isn't he the one who always said, "Know what you own"? Funny that now nobody here seems to know what they own anymore!
Mo is probably working another job right now to pay his bills, how much salary does he make on EQLB and where does the money come from when they are not diluting?
How come GM isn't weighing in on this as the self appointed Chairman Of The Board with over 15 million shares?
Every day for months now are low volume days for EQLB.
Just strange that the rumor was thrown out there of news coming before Thursday this week and many thought it might run some before starting today, but so far just one trade to the downside. Guess there is a big wall at .004 that won't get broken down unless there is a big enough event to do so. In the meantime, just someone or a couple playing the swings, maybe the same person who put out the rumor??
4 months since last news and most are expecting news this week, however the first trade today is a sell lower than last Friday's close, not showing much confidence at all!
It appears that way, looks like they did not make them available for us retail. I was trying to buy 9 million at .0003 this morning but they did not give me any.
So was anyone able to buy any of those 3's that went thru?
lol, guess we learn the hard way.
Wow, about 70 million shares just went thru at .0003, massive dilution?
Who knows, but if you want to know ask Phenom, he claims to be selling because he owns a zillion shares and is the best trader on this planet!
lol,your buddy phenom says you are selling your shares to me.
Well your wrong again, they are all holding and waiting for "Big News" before they even consider selling a single share.
True, I was just quoting Mo's statement which a couple people on this board have repeating many times.
no charge and your welcome!
Then go whack the ask like I did. They only filled me for 10K at .0039, then I had to pay .0041 for the other 365K shares. I sometimes laugh at all these posters who don't put their money where their mouth is, they claim news is coming next week and thus the price should appreciate, but yet nobody seems to be buying it. What's the difference between .0038 & .0041 if this is going to be a "100 million dollar company out of the gate"?
I just added 375K shares at .0039 &.0041, why aren't any of you buying if the "big news" is coming out next week according to Bones?
yep, bet the Packers to win the SB this year, easy money!
Now at .0031/.0041, guess the mm's are just at their games again! Why a 25% spread?
Someone dumped 360K at .003 at the open, or is someone just playing games here. The spread was higher than that, so why the 27% drop at the open? Did you scoop up those shares Bones, you said yesterday that you were trying to add another 500K at .0036?
I hope you are wrong too, but unfortunately you very well may be right. I watched WSTI sink from over .04 a year ago to no bid today due to massive conversions, thank god I decided not to chase that one! Trading in the OTC can be extremely dangerous and finding a winner feels like finding a needle in a haystack!
You are 100% correct, in the OTC you cannot win fighting conversions, I went thru it in another stock (TBEV) a while back and got beat down to a pulp and lost about 80% of my investment, won't ever let that happen again. Even after losing 80%, TBEV has had 2 or so reverse splits since and is still only trading at .0002. Hopefully that won't be the cast here, I really think this company has greater potential to reward investors than risk of falling much further, the only thing that can change my view would be any further conversions, then I would have to bail.
Although I am long and bought this at .007 a couple of weeks ago, and your posts do point out the negatives, I can't fault you or get mad at you just because of your negative statements. Everyone has the right to post positive and/or negative comments, its called freedom of speech. I thought I bought in at a good price and am holding for now, but if these high volume down days continue, then I would have to agree that it looks like dilution and I would have to cut my losses. I hope the acquisition turns out to be a good thing and they provide more visibility in the future regarding it. Holding long and strong, but hoping this doesn't go any lower because I won't be chasing it.
Dah, that's easy to answer. The PPS was at .002 the day DRMO posted "Let's get the party started". Since then the PPS has doubled in price and now we are back to where we were a few months or so ago, thus his post stopped the bleeding for now. The good thing is that it shows that the PPS can move significantly, even on this low volume, when buyers step in. The bad thing is that we are probably seeing the pre-news high and the longer it takes for the expected news, it will become vulnerable to dropping again.
It's just interesting that people are posting all these pics insinuating pallets being delivered to Nigeria Timbaland says congrats for lauching in Vegas, etc, but yet he (Mo) is holding back on a PR. I remember 6-9 months ago when he promised there would be more regular PR's coming out showing progressive progress, instead he holds everyone in suspense for 6 months?
Wonder why the stock is not responding in a positive manner to this news?
Maybe the occasional pics you see on their social media is their new way of informing their progress versus spending the money on a PR?
I think its Mo, he is holding back on a PR and doesn't want this to run.
I highly doubt you will get any 2's, I tried most of last week, only was able to fill 12 million 3's. I think 3 is the near term bottom and there should be another up cycle coming soon, maybe this week!
Most likely your wish will come true over the coming weeks! Enjoy your investment!
The point I'm making is that now it appears to me at least that there won't be a "Big" PR coming, or maybe no PR at all, just these occasional snipits on Instagram and the like. Are you noticing the posts this morning, many are becoming very disgruntled and the numbers are growing!
you mean a screen shot of a blank screen, that's what it would show, there is no volume!
So everyone has been waiting for the "Big" PR for almost 6 months or so now, I'll bet we never get one based on what I'm seeing. Just continued Instragram pics here-and-there and the like is how they are going to continue rolling with this apparently. Doesn't surprise me, but won't help the share price one lick, but sure does make GM and his clan giddy all over! Last PR said something about Product rollout in Vegas, we have heard no results or progress on that, now apparently its rolling out in Nigeria of all places???
lol, don't waste your energy on phenomedung, he is a legend in his own mind.