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Still looking good. Break .075-.08 tomorrow or are we going to get pushed down again?
Maybe on the high end..
I'm happy with .3-.5 by December. That seems a little realistic, unless something really big happens.
Yes we've been pushed down every time we get .075 ish. The fact that we bounce back and hit it again and again is a very positive indicator I think. Once that resistance is torn down, shorts will cover and buyers who have remained speculative will jump in sending us back up to .10s! And if we get a catalyst in the news we all will be sitting pretty.
3D Print is the future
Picked up a few more @ .067 and holding.
400k shares slapping the ask around a little bit. Looks nice.
SGLB having trouble getting over that .075
Cheer leading? Why does that make you pull out?
Not trying to criticize, just curious.
Looking good for us! Any predictions where we will be a month or two from now?
OTCinvader has been warning people about this stock for over a month! I would say he deserves to say these things to people who had not even bothered to listen to him! People have labeled him mean things and have said poor things about him this whole time.
Yes I agree! Maybe a sexy short squeeze is coming soon?
My misunderstanding. I agree that it is a lot of likes, and it is odd where they are from, but I feel Facebook "likes" are probably a better indicator for a startup restaurant sort of business that works directly with consumers.
I don't think their future contracts depend on Facebook likes. That's just my opinion though!
How does getting Facebook likes relate to anything.
Here comes the bounce. Back up to .03-.04 area we will see where we go for, there.
Nope! Broke through .035 we are still going down! Look out .02s!
If .035 holds you guys will see a nice bounce. Lets wait and see!
Doubtful. Same setup as this morning, get ready for another drop! .3s are coming!
Doubtful. Same setup as this morning, get ready for another drop! .3s are coming!
Preach it!
Nailed my prediction :)
(10:30) "Failed breakout. "Bouncing ball" pattern showing --- here comes a nice dip."
I warned about this dip earlier today at 10:30, hope some of you took advantage of my warning.
This crap company doesn't even have any audited balance sheets. Their numbers could be much much worse than they say.
Nailed it! Good call, it did exactly what you predicted! Lets see if it continues.
That means somebody bought 250,000 shares that somebody was selling. It's not exactly a "buy" or a "sell", it's technically both
No worries. I've done the same thing a couple times.
Looking good! Might see a close around the .07 level
Failed breakout. "Bouncing ball" pattern showing --- here comes a nice dip.
I wouldn't count on it. If a bounce of that magnitude were to happen, it wouldn't be now. Probably when it is deep sub-penny
Very true. One of APS's pumps GWBU crashed in a month and a half from 1.95 all the way down to .003, but then finally had a 1,000% bounce in a DAY.
What are you talking about? There are no Bolinger bands on your chart. Bolinger bands measure only VOLATILITY, I don't know how you draw the conclusion that the Bolinger bands are indicating a big move.. Please elaborate
Don't get too comfortable. This thing is setting up to drop off a cliff within a week. Im talking -20/40% in a day. Maybe within as soon as a couple days if there is a big enough rally today.
True, but rather pessimistic. Would you rather they seek out debt financing rather than equity financing by means of private placement? I'm still kind of split on the matter.
Ouch, just realized I'm on the completely wrong board. How embarrassing. I was thinking this was XUII.
My apologies. Not too familiar with the app yet.
Will be a little while before their printing product hits the market. Still, profits are profit none the less.
Sub-penny in a week is not going to happen. But we will get there in the near future, before the end of October is my bet unless they have another run (and it isn't very likely they will).
Yes the whole thing is a mess. Definitely potential for some healthy gains on a quick day trade here and there, but this company is overvalued. A company with only $70k assets, little hope for revenues anytime soon, relies on toxic financing and share dilution just to stay afloat is probably not worth $20M.
If they get bought out like you suggested then yes I agree that things could look better for this company. But until then I'm not sure how much longer they can keep finding investors to cover their debt, and pretty soon they'll fade away into the sub-penny land of no return. I'm not sure what investor would even agree to a private placement knowing their money is just going to pay for salaries or large sums of debt.
It's very hard to say. I would look for .09 to .10. HOWEVER, it's very dangerous to stay in the stock. If it begins moving down tomorrow, I would sell. I don't think it's worth the risk. There is a chance that it could dip a little but, then have a great bounce, but it is a gamble really, and the final decision is up to you. These stocks can really surprise you sometimes... Hope I could help.
Good luck
Thank you.
I've done my last post from my iPad so I apologize for a couple spelling/wording errors.
Recently, a few of you had made personal attacks at me for bashing XUII. Allow me to explain my position. First off let me say all quotes included can be found in the April 2013 10-Q.
Some said that XUII is a good long term play. I think that is foolish. There is money to be made in day to day trades, but investing in XUII will not prove fruitful.
"Our auditors have raised substantial doubt as to our ability to continue as an on-going business for the next 12 months. We have not generated any revenue, have not completed the development of our websites, and have only recently located businesses willing to offer significant discounts of their products or services to our registered members."
Just by reading that there should be red flags popping up in your head. Now how about a little background on XUII.
""XUMANII is a platform to broadcast live events in HD with a new technology that combines hardware and a software platform to broadcast from multiple cameras, wirelessly an event with an extremely low production cost. Our hardware enables any cameras to broadcast their image in HD to a laptop nearby where the Xumanii Broadcast Manager software, receives all images and enables an operator to create a "live editing" and broadcast an event on the Xumanii.com platform.
Xumanii allows content to be broadcasted as a Pay-Per-View model, generating revenues from consumers directly or as a "FREE" content model, generating revenues from advertisement, product placements and sponsorship.""
If memory serves, they had MAYBE 130,000 people tune in to their recent broadcast that they did free of charge. For a company that broadcasts performances at an "extremely low production cost", they have an extremely high cash burn rate. They are operating at a loss of $1.2M. They have a loan of $600,000 @ 5% annual interest, as well as various other loans to cover their expenses. It doesn't get better. They anticipate burning another $1.3M in one year:
"We estimate that our expenditures over the next 12 months as of April 30, 2013, will be approximately $1,385,997"
How are they paying off the debt off? Certainly not with any revenue from their business:
"We have limited operational history. From our inception on May 6, 2010 to April 30, 2013, we did not generate any revenues. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain."
A reassuring statement am I right? This doesn't look like the kind off thing you would hear from a good "18 month play". So if it isn't revenue that they are paying off debts and financing their operations with?
"We intend to meet our cash requirements for the short term by generating revenue and through a combination of debt financing and equity financing by way of private placements."
Basically, they are covering their debt by borrowing more money and creating more debt as well as issuing new shares of stock. (DILUTION!) They have been diluting shares ever since inception to cover those debts, and as you have seen they don't expect it to stop anytime soon. They don't anticipate generating any revenue in the next year and estimate expenses amounting to $1.3M.
They continue to say:
"If we need additional cash and cannot raise it, we may either have to suspend operations until we do raise the cash, or cease operations entirely"
Additionally...
"Currently, we do not have any future arrangements or commitments in place to complete any private placement financings and there is no assurance that we will be successful in completing any such financings on terms that will be acceptable to us."
According to their balance sheet the only had $5,965 in cash, and total assets of $72,145. It's amazing to me how they are even operating. They are going to be $2,500,000 in debt with only $80,000 in assets. Basically, they're just about broke, have no plans to get more financing (and if they do find financing it will be by selling out their shares or issuing new ones further diluting the stock), and estimate burning another $1.3M in the next year while maintaining an impressive $0 revenue. Also, I find it interesting that 40% of the money raised paid for employee salaries. Remember where the money came from? Private placements. I don't like a company where most of the money gets sucked into the CEOs bank account. It's like they aren't even trying. They spend nearly no money on promoting their broadcasts (2,200 or .15% estimated expenses) while they spend 80,000 or 6% on all their lawyers and accountants to help them suck up money for these private placements.
This company has given NO reason to believe the company will be successful in the future. There is NO reason to expect gains on PPS in long term.
If making personal attacks at me (CrazyCanadian) helps you feel better about your "investment" then I'm glad I could help. But those of you who disagree I'm open to hear your opinion.