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This is all just underhanded shadiness and no one should expect anything more from Ali.
How many times has that clown straight up lied to investors via PR or in direct phone conversations?
The FACT that there is ZERO transparency surrounding GEG/MTWD/UBRG screams ONE THING in my opinion:
They don't want transparency because the truth would expose the fraud.
If this stock pops on a PR blitz pump...sell it and don't look back.
This thing can drop all the way back down to the lows that gave plagued shareholders for over a year between now and WHENEVER a court makes a decision...even then, the decision would need to be favorable for it to be long term accretive to shareholders.
What I'm ABSOLUTELY SICK OF is this silence FROM WHOEVER is at the helm of MCF Energy/High Plains Gas/CHAMA.
It is absolutely criminal that not only does this POS leadership not file Quarterly/Annual info but that there has BEEN ZERO information for shareholders in the form of a "open letter" to shareholders or an 8K.
At least with the old management they had open lines if communication for shareholders...and in that way, they are heads and shoulders better than the POS leadership at MCF now.
That's actually NOT what the chart is saying and you being condescending about the content of your post is ridiculous.
The chart (for those of us with a overflowing TEASPOON of knowledge) is actually showing buyer exhaustion.
4 peaks?!?! With each subsequent peak LOWER than the previous peak?
Yeah... That's called "lower highs".
All those peaks you see? The latest is called a triple top. Investopedia that...
Go ahead and add some other indicators to your charts and you'll see weakening volume, weakening weekly MFI.
I'm as long as anyone on PHOT and this sector BUT the chart is weakening.
Could some news snap the PHOT chart around? Of course! But a chart doesn't factor in what could happen, it only factors in what has happened.
Don't come in here and be a condescending prick.
There is NO DOUBT in my mind that insiders would only accumulate if they wanted more because through GEG they already have plenty.
When I speak of insiders and associates, I mean it in a more liberal and illicit sense of the word instead of a more traditional, regulated sense.
I've NO doubt that there is motivation to make this move higher... I just don't have any faith that anyone of us can accurately predict when the pump, if there is one, will occur.
You're actually making assumptions and passing those assumptions as fact.
If you accept that PHOT is fully reporting and regulatory compliant then you must accept:
As soon as reasonably possible after the Annual Report is completed, it must be filed. A loose standard is 3 days, though that's always difficult to regulate.
A company may not simply decide to put off an annual report because they aren't proud of it.
I believe IR and as soon as the report is finished it'll be released.
Yes, the report will cover FINANCIALS and Material issues during the reporting period BUT the report will also cover Material Events which have occurred between 12/31/13 and the time up to the report was prepared.
Do your research before passing assumptions off as fact.
Be bearish PHOT if you want...you clearly are...but being bearish and looking stupid by issuing opinion as fact just makes you look bad.
This stock was nearly 66% higher about a week ago...
Has bled red nearly every session since.
If there was ANY truth to this licensing deal making the company millions per year you need to TRUST that there are funds and institutions that have infinitely more insight and prowess at trading thinly held, widely traded penny stocks AND those are the people who'd be buying, accumulating, and raising the share price.
In the absence if these funds and institutions, one must assume there is no legitimacy to Ali/Carter's multi-million dollar "global reach" deal.
After all... It's Solomon Ali's attorney who created GLOBAL ENERGY GROUP last year and THEN AFTER creating it, they realized a SINGLE OFFICE in North Carolina IS NOT EXACTLY "Global"...the quick fix:
OPEN A OFFICE in the UK.
Problems with the quick fix? Ummmm yeah... An office in North Carolina and a listed office in the UK... But they only have two listed employees... Earnest Delong (Ali's attorney and friend) and Nicole Singletary (Ali's girlfriend and controlling interest at RAINCO).
To say there is a trust issue here with REVO's PR's is an understatement.
UTTER BS!
So Skeet, supposedly has been told super secret, strictest confidence reasons as to why Carter disposed of shares... But cannot say why?
So... He can say he knows why but cannot say why?
Malarkey, hogwash, and poppycock. He's a guy acting bigger than he is.
If he signed a NDA then ITS FREAKING inclusive of every aspect...even the aspect of not saying "I know, but can't say why"
Do yourself a favor...
Quit worrying about what Carter has done.
He was awarded shares FROM THE CONVERSION OF PROMISSORY NOTES ( as stated in the FORM 4 and 8k's) and HE DISPOSED OF THOSE SHARES...
That's how he gets paid! It's not like he can take a fistful of FIAT Notes and Shares to his local grocery store and pick up some milk. He converts promissory notes to shares and then disposes the shares and gets cash.
What people here need to worry about is the company's historical profile and their reputation.
Carter/Ali and others are penny stock fraudsters in my opinion and they've purposefully misled investors.
Don't fight the tape...REVO has surrendered nearly 66% of the recent gains...WHY? Because it was a pump and dump. The smart money is leaving and you're sitting, praying, hoping, that people clearly better at this than you are wrong.
Krysti is bearish REVO. So am I. It's my opinion that REVO/UBRG/METWOOD/GEG/GREENWOOD/RAINCO are all involved in on big stock scam circle jerk and it's the retail rookie who's going to fund their Jerkins lotion.
So...
A 6 month chart shows a trader a lot:
1.) most striking is a very real resistance in the low to mid $0.40's. PHOT has entered the low to mid $0.40's 4 times, most notable are the last three @ $0.43, then @ $0.42, and most recently @ $0.41.
A triple top with LOWER highs. (Bearish)
(Triple top, with lower highs ON lower volume indicates a long term trend that is about to reverse)
2.) MFI has weakened substantially on the 6 month chart. (Bearish)
3.) The same 6 month chart shows volume peaked about 5 weeks ago and has steadily declined. As volume declined, PHOT failed to post higher highs and continue its uptrend. (Bearish)
4.) Clear support rests at $0.35, $0.30, and $0.27. After that... Only minor supports between $0.14 and $0.26. (Bearish)
5.) 12, 21, and 50 day Moving Averages and EMA's continue to rise. (Bullish)
6.) 6 month RSI is neutral (neither bullish or bearish)
7.) PHOT has loved the price channel over the last 3 months...violating the lower channel only 4 times to the downside with nearly immediate corrections back into the upper half of the channel after each. (Bullish)
All of this points to a correction in PHOT. Not a big one... (I guess that's a matter of perspective though) and I'm not suggesting anyone run for the hills. The above 7 points are for any traders out there who are wondering if they should trim down or go to cash in the position ahead of the weekend.
This stock was at $0.3010 the other day. I had sold last week at $0.39 and when the stock bounced I bought back in. The stock is behind a great management team BUT that same management team has, in my humble opinion, let investors down since the vote. I mean, at least I feel let down by them. I'm not expecting PR's everyday but February 7th, 2014 was a long time ago in a traders eyes without a peep from the co.
It's my opinion that silence from the company has contributed to the weakening chart. That contribution to a weakening chart, in turn, could contribute to a strengthening chart IF there is good company/industry news but it's been 3 weeks since the vote and two weeks since the Feb. 14th banking rules memo.
Trade well.
Lol @ don't catch a STBV...
Funny stuff.
Go PHOT!
Only the wrong board because the pump already happened here... BUT UBRG's (Solomon Ali's other penny scam POS) is seeing PRE pump and dump accumulation.
If he will pump and dump REVO (see REVO CHART) then he will pump his other scam UBRG.
UBRG is seeing several 30, 40, and 50 million share volume days ON NO NEWS when their historical (10 day, 21 day) volume is substantially lower.
Two companies... Ran by the same liar? One has had a P&D and is in the dump phase, and one has not...
Follow the money.
That's BECAUSE...
Wait for it...
THE PUMP HASNT STARTED YET!
It may never start...
Maybe this run from $0.0004 to recent highs of $0.0016 has been nothing more than a "suckers rally" and a pump isn't coming.
No matter what, I know some people who nabbed this at $0.0005 and $0.0006 that have made some great money and are selling a few million shares since Tuesday. Kudos to them.
I can't be more clear...
I've WRITTEN IT in several posts.
I believe the run from $0.0007 to a high of $0.0016 with accompanying volume is a PRE PUMP AND DUMP accumulation.
News coming?
I believe so. I also believe that interested associates know the news is coming.
What's the news? Probably non-specific PR about growth and revenues and contracts and patents and acquisitions... Seriously... Who knows what nonsense Ali will pen.
I don't think it's imminent.
It'd be pretty obvious that we've had a string of 30-50 million share trading days ON NO NEWS and then within a day or two MIRACULOUSLY AMAZING news gets released, don't ya think?
So.. To answer your question: yes! I think news is coming. Legit? Not legit? I'm guessing not legit but hard to prove fake and fraudulently misleading. After all, Ali's boyfriend Delong is an attorney and I doubt he's stupid. Do "insiders" know that news is coming? Well...string three sessions together and you've got a combined volume of more than 100 million shares trading while today...and in weeks past, the average daily volume was less than 5 million.
There is actually a very obvious answer... But first, I need to highlight some issues that have been uncovered during my due diligence period that I conducted prior to deciding to buy/short/avoid.
1.) Who is GEG?
GEG is Earnest Delong and Nicole Singletary. Earnest Delong is Solomon Ali's personal attorney AND close friend). Nicole is Solomon's current/former girlfriend. (I don't know their current status)
2.) GEG was created by Earnest Delong (near as I can tell, it was created in 2013) and it's sole purpose was to create a third party for debt and share transfers between RAINCO and UBRG.
3.) RAINCO's controlling interest with UBRG is Nicole Singletary.
4.) UBRG denied knowing who the controlling interest was last year despite filing in different SEC filings that Ali and Singletary shared (share) a residence.
MTWD is now GEG. Previously, MTWD was just another penny stock with no profits and unaudited (nonGAAP) revenues. Why would MTWD get into bed with Ali, Singletary, and Delong?
My guess is that there's a PR blitz coming on either MTWD or UBRG and they've been issued stock so they'll benefit through third party solutions where they are able to unload shares that they've been issued through RAINCO or UBRG.
Time will tell.
Keep in mind, I have been bearish this stock since I learned of it, amid a flurry of really dreamy PR's and the stock was well over a penny.
I called it what it was back then and it's still a scam POS stock ran by frauds in my opinion. Opinions aside, it's not to say that the stock can't have a Pump and Dump and make shareholders a lot of money at these prices.
Everything I know about equity/capital/debt markets says this is just one of 10's of thousands of scam penny stocks. That said, if they do pump it, when you sell it, your dollars will be just as green as any dollar earned owning a legitimate stock.
It doesn't take a technician to see a pump n dump in the dump phase.
Like Fibonacci ? I do.
Look for 100% retracement. I said it was a P&D when it topped out at $0.0335...I've said it was P&D in the $0.02's and called it the easiest short ever.
Called it a P&D when it came into the $0.01's and it's still a pump n dump in the full on dump phase as it hit session lows and bounced to current levels.
Anyone holding this POS scam here at $0.0114 will lose an additional 80-90% as this pump n dump retraces to the $0.0010-$0.0020 range.
The whole purpose of a pre pump and dump accumulation is for a pump to start.
Without some news or some continuing upwards movement then sell-offs like today will be met with more sell-offs until the stock is back at record lows ($0.0004-$0.0006)
Just another let down in a LONG line of let downs from Solomon Ali.
In my opinion, it was a bounce off an oversold indicator.
It either held the $0.30 and bounced or it was going to test the next line of support at $0.26/27.
I for one am glad it bounced and bought into it.
What will likely happen is we will open weak, test the low $0.30's but the chart will ultimately show I "higher low" with yesterday's low being $0.30 and today's session low being somewhere between our close yesterday of $0.3470 but (hopefully) well above $0.3010.
No crystal ball, just good at what I do. The previous weeks low already tested the $0.27 range and we bounced off it. Yesterday's low of$0.3010 was a markedly higher low.
I've stated before... I'm a trader. I may miss the bottom...I might miss the top... But I get the meat in the middle.
I bought yesterday. While I was suggesting the stock may test the $0.27 range (I openly, here, hoped IF we test it, that it bounces off it) and as I wrote, and read posts, sure enough, the stock bounced over 11% off the session lows.
I do have concerns about the $0.35 line. It proved to be resistance for the bounce...but with higher lows clearly behind us I'm not too concerned that $0.35 will be a problem.
Time will tell...between now and then..trade well.
I don't want there to be any confusion:
I love the sector. I love PHOT.
Encouragingly enough, PHOT, real time, has bounced nearly 5% off its lows of the session. Sure..it seems to be struggling to keep that bounce BUT...
That's only today..
Pull up volume.. 30 days. Volume is falling.
Pull up MFI: falling.
Pull up 12 Day SMA/EMA. Peaked and falling.
Pull up 50 Day SMA/EMA.. Flat-lining.
Pul up your FIB Retracement tool.. 25% retracement ? Ummmm..ask yourself... Since we've fallen below the last RT point.. What's the next one?
Now ask yourself... Do you like flash trends (a 5% bounce off session lows is a flash trend)
Or do you prefer longer trends (12 DMA/EMA is a nearly a two week trend... )
21 DMA/EMA IS three weeks.
Stochastics, week to week might show oversold today, but she for a correction out to and above a month.
Vume is daily, but clearly the last 3 weeks has shown a steady decline...
There are so any points if confluence that have proven a weakening sector that no one...(at least no logical person) can argue.
I love PHOT... I've even bought and held PHOT... But I hold only until CONFLUENCE tells me to sell... And then I sit and wait until those same indicators point to a buying range that offer me the greatest level of protection for my investment.
RSI??
RSI shows OVERSOLD in a hundred different sectors or THOUSANDS if stocks ALL THE TIME and those stocks or sectors continue to flounder long after "oversold" blinks across your banner on your screen.
FOLLOW THE MONEY!
That's a phrase that pre-dates RSI by GENERATIONS because it's TRUE... Time tested and mother approved!
The MFI shows money leaving the space when contrasted to the MFI of Monday, and last week. Money is, for the time being, leaving the entire sector.
12/21 DMA/EMA are turning bearish... If they go full on bearish "you never go full bearish" (famed trader Kirk Lazarus) then this stock will test $0.27.
(By the way... When two or more points converge and prove a theory (technical charting is ALL theory until proven) that's called....wait for it...
CONFLUENCE! The more points of confluence that prove a theory, the more sound the theory is and the more sound the theory, the more likely it is to be proven as fact!
I hope for the long/hold folks that the $0.27's hold and prove to be a bottom.
I'm on the longs side...unfortunately... I'm kinda sorta a big deal...I've traded a share or two here and there... And unfortunately, I see the space weakening, not strengthening and so I am/have been out...
But I'll buy PHOT again when several bullish factors and points of confluence emerge that tell me a bull theory is likely to be proven right.
Miss the bottom? Maybe... Miss the top? Probably... But capture the meat in the middle? Certainly.
I love PHOT and the sector, but I damn sure ain't married to it so why give HALF or more back?
There are a thousand reasons WHY buying a million shares 6 months ago, not selling any, and still holding today is a TERRIBLE strategy...
There's only ONE good reason:
You'd still be in positive carry.
Assuming you bought @ $.06 you'd be in positive carry by...say...nearly 500%. A short month ago, had you sold above $0.40 and a week ago been given a second chance above $0.40, you'd have turned $60,000 into $480,000. Today, that unsold portfolio of PHOT is worth $310,000...which is still an absurd profit.
Know how many professional funds offer returns of 500-800% in 6 months???
ZERO!
Fact is... The MFI has turned bearish... Money is flowing out of PHOT... Not in!
The 12, and 21 DMA's are turning bearish... Next support is at $0.27...which is well over 11% lower from here.
That buy n hold strategy you outlined would turn $310,000 into $270,000, minus your initial investment of $60,000 which still puts your hypothetical trader with $210,000 dollars in gains.
And what if the $0.27's support line fails? Over a week ago, this stock, on no news was testing the $0.27's and sector wide news...NOT ORGANIC COMPANY news saved it...
Sooo... You're a professional money manager and you tell clients "well.... We had 800% gains but ya know... These markets are hard...sooooo...instead of 800% gains here's your 200%, or 300% gains..minus my fees of course"
One word for that type of manager:
FIRED!
I am as bullish as the next guy in this sector BUT just not right now.
I sold my entire PHOT stake at $0.39 and very clearly, rightfully so.
I read obvious rookies posts as they claim "$0.36 is the bottom"...then they claim "no way, ACCORDING TO MY CHARTS, that we drop below $0.33..."
Then they claim Fibs and stochastics are saying "$0.30 is the bottom... OHHHHH NICE BOUNCE OFF MY FIBS LINE" ... AFTER THIS STOCK hit $0.3010 this am!!!! What the heck kind of rear view mirror, cherry picking stock advice is that???
Money is, and has been flowing OUT OF PHOT, and the sector. PHOT HAS BROKEN TWO VERY IMPORTANT AND FUNDAMENTAL support lines (12, 21) and is looking to test the 50. If it tests the 50, by default the 12, and 21 DMA AND EMA's will turn lower which is near term bearish.
NOW THAT... THAT LAST PARAGRAGH... Is forward looking guidance you can hang your hat on.
I love PHOT... I love their dream team of execs... But stock price movement and my love for PHOT/MGMNT, are not in bed together...
Why?
Because I bought at $0.09. Sold in the $0.40's. I bought at $0.215 and sold at $0.27. I bought again at $0.325 and sold at $0.39.
I'll buy them again...but not until money flow reverses and the DMA's/EMA's start to turn higher.
A pre-pump and dump run up.
Perfectly logical
That's my point!
UBRG longs have had nothing but lies and unfulfilled Press Releases.
It's my opinion that it's far too late to hope this is legit.
Pray for a pump and dump...try to break even or make money and then sell and never look back.
One thing I'm certain about:
Without some PR...without a bonafide pump, this stock WILL surrender the gains seen since the stock was in the $0.0004-$0.0006 range.
Up nearly 250% on zero news and only a crappy quarterly report? Yeah...it doesn't take a crystal ball to see those gains vanish without some ridiculously phrased PR promises of how UBRG will be great in 2015
I disagree.
I believe that Ali has ran stock frauds before.
Fact is, there are 10's of thousands of penny stocks. With between 95-99 percent of them being pump and dump scams/schemes it simply becomes a numbers game of cat and mouse. This game is where frauds like Ali count on the SEC being too overwhelmed with blatant scams that they've barely the time or manpower to investigate/indict company leaders who's company is less a blatant scam, but a scam all the same.
Not an unfortunate IPO. After all, UBRG was previously Palomine Mining and they simply changed names to muddy the water.
UBRG will change names. They'll have to... Because everyone associates UBRG with Ali and Ali with a fraud.
I have zero respect for Ali, Guest, Singletary, or Delong.
It's my opinion that they've purposefully mislead UBRG investors.
It's my opinion that they've used misleading PR's (see UBRG Repurchases 300 million shares) to defraud investors.
Further, they've used "buyer beware" disclaimers to tell investors after the fact that "our SEC filings demonstrate the risks associated in investing with us" while their virtually unregulated PR's paint a rosy path to growth and shareholder value.
All that said... I watched REVO soar from $0.0020 to a lofty $0.035 (it's since given 70% of those gains back) and historically speaking, Ali/Guest have used PR's to score gains on UBRG and REVO and there is no better time to do it again with UBRG than right now.
Facts are facts... My opinions are not facts..until proven to be fact...
The facts are:
1.) stock has risen 150% off RECORD lows.
2.) accumulation volume has eclipsed disbursement volume nearly every day for the last two weeks (NEARLY every day... Not everyday)
This indicates accumulation... And any long HAS TO WONDER WHY?
Even today/yesterday... After a dreadful 10Q the stock is under accumulation and apparently holding gains...(seriously... When was the last time UBRG held $0.0010?)
It's being accumulated... Why? Given the absence of legit news, the only conclusion is that it's being accumulated ahead of a pump and dump.
He won't reply...that's my guess.
I have called and emailed UBRG. Countless times. I get immediately hung up on as soon as I tell Ali who I am and zero responses via email re: formal inquiries/concerns.
Even if he responds he will lie and blame "traders" for pressure on the stock.
He won't email you with any claims about the Co. Future because he prefers to lie over the phone where the conversation is immediately hearsay because here in California it is illegal to record phone calls without both parties consenting to the recording.
It's my opinion that Solomon Ali is a absolute fraud. I believe he's misrepresented fact to the SEC and that he's willfully/knowingly misrepresented facts to investors.
Good luck hearing back from him though.
With due respect, the R/S name change disclosures HAVE INDEED been in the SEC filings for years...and THE DECLINE IN PPS has followed suit, so I doubt reiterating it today is scaring ANYONE.
Seriously? What are there? About 10 longs on this board? Name one of them who's not aware of those disclosures?
Either way... The stock is currently 150% off its record lows AND there have been a string of days lately where the volume indicates accumulation and there have been ZERO PR's to associate the stock price climb or volume with. These pricing moves and volume increases without news tell me that someone/some group/groups of investors are accumulating... Given the history of the company we can reasonably assume these accumulation days are NOT because of UBRG historical events and if that is removed as cause, we have to, by default, assume the accumulation is in FRONT of something coming.
Like you, I am long the sector. Admittedly, I sold my entire position the other day at $0.39 after we broke back down below $0.40.
Long the sector, but sold?
Yes.
Why?
PHOT has several deals that could earn them millions in revenues and it's likely that more deals will follow.
While I believe wholeheartedly in PHOT's dream team management and I believe in broadening relief in the form of state/fed regulation, there should be little doubt in any shareholders minds that PHOT will, in the absence of cash on hand, use shares to front run revenues from these current/future deals.
HOT has limited cash but can leverage the new A/S to make deals.
While current deals will double the O/S near term, the implied revenue from these deals can be seen as justified reasons to dilute. What I'd like to see is Wall Street's reaction to the first completed deal where PHOT releases 300 million shares to close a deal.
If the reaction is positive, the dilution effects will be muted. If the deal is viewed more poorly then current shareholders will shoulder the burdensome effects of the dilution.
Given that all of the current deals are known, and the stock has risen in light of these deals, I feel the future reaction to completed deals will be favorable but between now and then, the liquidity here is rising which gives shorts a wider door to squeeze into and pressure the stock near term.
That's why I sold. If I'm right, the stock will see near term pressure and then ill buy it back for less. If I'm wrong, then I'll pay more for the shares because my belief in the dream team here at PHOT will be vindicated and I'll gladly pay more.
But why, at this point, when I've done so well with PHOT, would I put carts in front of horses when I can sit out with my profits, wait for news, and let the "tape" tell me how to properly hitch my horses safely behind the cart?
Miss the big move? Doubtful! I trade everyday and am quick to buy when I want to. Maybe I'll miss a penny or two, or three, but if the news is good, and well received, I won't miss much.
According to their own SEC filings the company has alerted investors/potential investors that a reverse split may occur. In the scenario, for every thousand shares an investor had, they would now have one and this is described as a 1:1000.
While the stock price, in theory, would reflect a multiple of 1000 (eg: $0.0010 would, in theory, begin trading after the R/S at $1.00), the market cap of the company would not change until the stock traded higher, or lower.
That's why reverse splits are generally not favored...they imply a distressed situation, generally are done to maintain a listing requirement, and do not add any value...they simply offer the illusion of a healthier company.
UBRG does not need to conduct a reverse split for listing requirements, rather they need a fake appearance of health...plus, the company is almost out of shares to borrow with so their options are limited.
As I've written before, the company will likely:
1.) Reverse split
2.) change company names
BUT FIRST, they need to raise capital... Sooo... They give RAINCO (Nicole Singletary...Ali's girlfriend) shares... And they give other associates shares... Then they pump the crap out of the stock (I'm guessing a PR announcing "some" company is in advanced, serious, nearly finally final" discussions/negotiations to buy all or part of UBRG)
They can't file for a R/S or a name change, or even continue quarterly filings because they all cost money which we all know, UBRG has none.
Nobody here should doubt my bearish stance on UBRG. Since June of last year I've absolutely stood against this company because I believe it's a penny stock fraud.
I believe Solomon Ali and his crew are frauds who belong in jail.
That said, there's no denying UBRG is in an accumulation phase which I believe precedes a pump and dump scheme.
This phase is where insiders accumulate the shares they intend to sell in the dump phase after the pump phase has attracted countless investors and creates a volume environment capable of withstanding the numbers of shares the insiders would intend to sell.
Insiders does not necessarily mean company execs... Rather in this case insiders means "associates" of execs.
Illegal? Yup! But so is filing false information with the SEC and we all know that hasn't stopped Ali, Guest, Singletary, or Delong in the past.
Beat how their 10Q claims that they're "international" now that they've rented a one room "office" across the pond.
I think you misunderstood me.
UBRG has, in the past offered a share dividend. I believe it was a 1:10... Not sure though.
Anyway, they paid for the share dividend with shares...so while several investors claimed the co. must be in great shape, others saw the dilutive effects of offering a dividend paid for with shares.
The Co., at the time, had 1 Billion A/S, raised it to 3 Billion, gave shareholders a few free shares and the let the shareholders sit by and watch the stock fall from well over a penny to where it sits today.
The only way I see any shareholder who bought at higher prices ever getting any money back is through a pump and dump and my advice is to sell it when/if it happens.
I have NO IDEA
I'm not even certain that they'll P&D it.
They couldn't even offer a PR with this latest 10Q and the 10Q explains why: THEYRE BASICALLY BROKE!
They are living off debt swaps for shares...borrowed time.
At the rate the I/O share count is rising they'll be out of shares this Quarter so they pump it... Then they offer to increase the A/S and tell shareholders that they'll receive a share dividend (1 share for every ten held???) and sucker in some new longs.
When has this company EVER issued legit news?
NEVER!
Every single PR has been proven to be a washed out boondoggle.
For all I care, they may as well announce their plans to enter into the billion dollar Mars Space Race and it'd have as much realism as any of their last 40 Press Releases.
Who knows what line/lie Ali would try to sell investors...Maybe Cuba wants their coal?
Wow!
That 10Q really paints a dark picture.
First, for those of you accountants unfamiliar with authorized and issued or outstanding:
The company has 3 billion shares authorized...
The authorized amount is a static number UNTIL some vote or executive action increases that amount.
So... Even if the company "repurchases" and subsequently "retires" 300 million shares, the authorized amount of shares doesn't change...
A share buyback or "repurchase" affects the issued/outstanding number.
UBRG's I/O number is impossible. It's impossible in the context that they supposedly repurchased 300 million shares BUT are edging ever closer to the A/S which means only one thing:
Either this company does a massive pump and dump to sell into and raise cash to pay debt OR their convertible notes and warrants will eclipse the A/S amount.
It's actually not uncommon for a company to issue Convertible Notes and have that conversion number exceed the A/S when you're dealing with penny fraud stocks. In fact... It's an enormous red flag and one I wrote about when this stock fell below $0.0033. At that price... With known math in the world we live in, there was NO WAY UBRG could convert its debt into shares without exceeding the A/S amount and then subsequently increasing the A/S.
Either this company pumps and dumps or whatever money you've got left will be diluted until it vanishes.
I for one know that Ali is a fraud. How he and his fraud squad have eluded regulatory spotlights is beyond me...that said, he has eluded criminal charges and so my guess is he will come back and try to milk this dead horse. (Haaaa @ milking a dead horse)
I expect a pump and dump.
When? How high?
I don't know...but it's either pump and dump it or dilute it by raising the A/S and then raising the O/S to cover recently described debts in their latest 10Q.
Yeah... I hear ya... Unfortunately, the stock price has been disconnected from natural gas prices for some time now.
At this point, the only thing that will move the stock substantially higher is:
1.) CHAMA connects the new company to the stock
2.) CHAMA begins filing with the SEC.
The discussions I had with Brandon:
He acknowledged that he had bad footing with the board and the CHAMA interests. To say there was bad blood is an understatement.
I believe that Brandon, to the best of his ability, was honest, albeit jilted because he read the tea leaves and saw/knew he'd be replaced.
In my opinion: there is ZERO reason to be anything but hawkish on HPGS shares. I have owned HPGS numerous times. My most recent buy (I made the buy on speculation that CHAMA would be more transparent but despite the shares rising, they have not been) has tripled... But I've taken massive losses on previous buys. The wash is that while I've taken losses and even booked profits, CHAMA and the new namesake is literally SCREWING the very same investors who have bankrolled the CHAMA endeavors.
Pretty crappy, and pretty telling of the moral compass that anyone from CHAMA is following.
Personally.. I think HPGS investors are going to get bent over... Lose everything..and I'm looking to unload a substantial position as soon as the bid supports a large order.
I can walk into Home Depot and find items for sale in there that I can source and buy for less elsewhere so what exactly is your point Wagonwheel?
I, for one, know that ANYTHING Growlife sells, can likely be found for less elsewhere but I associate value to buying from reputable sources over buying from a "here today, gone tomorrow" micro shop.
Also...Growlife doesn't just sell picks n shovels... They finance THOSE SAME mom and pop stores that sell cannibis or growing paraphanelia so they're going to be cashing in on financing interests all over the country and internationally.
I know what it is like to live a company but simultaneously believe the shares are overvalued so I understand your hawkish/bearish stance. I was hesitant to buy again at $0.0325 because known valuation metrics show the price is too high...
But I had to look past traditional valuation models because:
1.) PHOT is best in breed
2.) Management is a dream team of leaders
3.) The sector has recently been accepted as an "industry" by the Federal government and that can drive a stock far higher than its book value. (Look at NFLX.. Trading at 237X earnings while AAPL trades at 13X earnings).
So yes.. PHOT is traditionally overvalued but simultaneously unconventionally wayyyyy below future earnings value.
In other words... If management keeps expanding beyond picks and shovels this stock will be much higher and still accurately reflect FUTURE earnings potential...after all... The stock market is a forward thinking entity and never prices a stock on what they HAVE DONE...instead, it prices a stock on what they CAN DO.
Not that I think any stock goes up everyday... But BORING!!!
Wish some catalyst would fire up the MJ sector and especially PHOT.
HPGS has surrendered leased wells.
In fact, HPGS no longer has assets associated with bonded wells or access to previously leased wells.
Supposedly, CHAMA is working towards access to wells but no shareholder knows because there is no "POC" (point of contact) with CHAMA.
I've sent numerous emails and have gotten ZERO responses.
The HPGS a lot of investors bought into one, two, or three/more years ago, is no longer.
They've changed names, management, the Board of Directors, and they divested Miller Fab.
The only thing any shareholder can do is keep fingers crossed that CHAMA will release some info that tells investors their shares in HPGS translate into value under the new company structure.
The debts are fake!
100's of creditors? Not even close!
There is technically ONE creditor...but several groups UBRG owes money to.
So how do they do it?
They (Solly and Vinnie) hyper inflate receipts owed to RAINCO (Nicole Singletary) eg: $1000 dollar lunches and dinners are billed but they literally ate at Wendy's. RAINCO submits the overbooked receipt as debt. UBRG offers a like amount of shares/convertible notes in exchange for the debt which RAINCO accepts, then resells to third parties.
So where's the money in that?
RAINCO receives the convertible notes with 50% coupons for the shares THEN resells those very same notes and offers them as debt instruments to third parties with up to 35% discount coupons for shares and they keep the difference between the 50% that they received them with and the 35% that they resold them with.
Viola! Instant return on an investment that all began with a free lunch that was over billed.
Of the 3 million of debt, I'd guess not even 10% is in legitimate billing or legitimate debts. So not only are RAINCO/Ali/Guest making instant 15% on debt swaps, they are also making money HAND OVER FIST by fraudulently reporting debts that are covered with shares that aren't even real.
The good news?
Ali and his fraud squad actively pump and dump their companies. (See REVO 2week chart) I believe UBRG is in line for a pump and dump.
When? How high? I don't know...but REVO spiked from $0.0020 to over $0.035 in the last week so if you see UBRG spike 1000-1500%....sell.