Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
My gut was 48 million, but seemed to slow down a little last 2 days. Maybe someone was holding hoping to pump for a pop lol
Ok...Remember, You have to guess as high as you think without going over.
My Guess is 38,500,000 shares
They are so good at printing, Maybe if the oil biz doesnt work out... They can go into printing... Practice makes perfect! lol
I am pretty sure their debt is higher than their assets. They took out a loan of over 2 million dollars recently and the CEO had to put up 3 properties for collateral i think. Plus add in this endless diluting. The OS increases by over 30% every week. Just maybe the market cap is where it should be? Something is not really an asset if you dont actually own it, The fact that he had to put up 3 properties leads me to believe there was already debt on the so called assets, or they are not worth what your saying.
How many stocks do you know that create a new low every single month for 17 straight months? You would think at some point, this would have to go up. Doubt this can possible happen while they are diluting and adding 40 to 50 million new shares every week. Thats like a 30% increase in a week!
Just look at a chart for this company for a couple years...
Also, their market is getting hammered with low oil prices. Producers demanding rate cuts from suppliers, wells stopping production as it cost more for them to get the oil per barrel than they can sell it.
Add in the newer technologies for data, the expanding data coverages and increased speeds by the big cell phone companies, Their "Nitch" may be getting infringed upon by big companies with lots of real money.
Pump it and buy up if you think it is good. All that happens is they want you to pump it, and they sell into it. Look at the chart to the right... soon as the pumpers start saying stuff, there are some buys, stock goes up and look at all the sells. They sell into it. There may be 50 million shares printed and sold this week!
Saw ERFB on there, Not sure what it means
I think you have said that before many times. Buy up... There will be probably another 50 million shares added this week. Shares are bargain priced! They dropped more already today! They are discounted 12.5% ti buy today already!
What surprises me is that some people keep buying this POS. In ten minuets or research, you would see that every week the shares are cheaper. Just wait it out, maybe some day they will quit printing and diluting and there would be a chance it would not keep dropping.
Kind of hard to not notice the track record here.
Looks like they got the printing press running already!
Lets wait till later in the week to try and guess how much they diluted this week.
You wont be green next week. They will be diluting all week again with shares most likely sold at .0006 or less. They will be happy to get .0008 or even .0007 when dumping 40 to 50 million shares.
You may have a chance to get out even, or make a little if another group of pumpers show up... you can sell into that and leave someone else a bag holder lol
We warned you on this... Impossible for the stock to go up when they dilute the way they do every week! This is after a 400 for 1 RS!
Yea, a group can come in and pump and get a pop for a few hours then they sell into it big time and it drops lower than before the pump.
So many come in and say how undervalued this is... they should spend some time reading back here and doing some DD.
In all reality the company is determining the value of the company and adding over 30 percent new shares a week. Nothing anyone can do but warn others and sit back and watch unless you like loosing or averaging down every week! lol
ITEM 3.02. Unregistered Sales of Equity Securities
The registrant, ERF Wireless, Inc. is referred to herein as “we”, “our” or “us”.
From January 24 through January 30, 2015, we issued 46,297,984 common stock shares pursuant to existing Convertible Promissory Notes that have all been reported on in our earlier public filings. We receive no additional compensation at the time of the conversions beyond that previously received at the time the Convertible Promissory Notes were originally issued. The shares were issued at an average of $0.000628 per share. The issuance of the shares constitutes 32.845% of our issued and outstanding shares based on 140,960,773 shares issued and outstanding as of January 23, 2015.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ERF Wireless, Inc.
By:
/s/ H. Dean Cubley
Dr. H. Dean Cubley
Chief Executive Officer
January 30, 2015
Oh dont worry you will have many more chances! ... It only gets lower every week.
You will get your chance. The hard part is selling for more than you buy it for!
This stock has created a new 52 week low every week for the past 2 years! IT'S NOT AS THIN AS YOU THINK. They added 55 Million shares the last 2 weeks alone. But if you want... Buy up! Someone has to help make payroll this week! We did our share!
Ask Looking a little thick. Someone needs to buy about 6 million shares to knock them out and we are out of Triple Zero's for a few minuets!
That would Average you down a good bit for the day!
Well, the last 2 weeks, they added over 55 Million new shares... we are taking guesses on how many they they are adding this week...
Yea, by printing Millions of shares a day and selling them to you!
We are not bashers... We want the stock to go up!
Just we dont want to see new people screwed to do it.
Sometimes when people post different than what you want to think, it may be worth taking a few and looking into what we are saying instead of just believing: Hint.. Its going to Penny's... We should see copper soon, or your trading it all wrong to us.
The company is paying off debt by Selling millions of shares at half of what we could buy them for. Look at the weekly 8k! How can it possibly go up if one week they sell 35 million shares @ .0006 then the next week, a 4 day trading week, they sell 25 million shares @ .0007. If you bought at that, and could sell at .0011 as soon as you got them, wouldnt you sell? That is what, a 80 to 90% profit? See who is making money here.
I hear... Its looking thin... lets slap the ask and move it up.. you think the batch they list on Level 2 for sale is all they have to sell?
On top of it, they LOOSE money every day... so more debt accumulating!
There will be lots of new bag holders by the end of the day!
Well Holmes, I think you see how they are taking care of the Debt.
Print Shares, Dilute, Print More, Dilute More, Its an ongoing process. Have you re read the filings you suggested I read?
Welcome to the Bag Holders Club! lol
We did our best to warn you...
Wonder what this weeks dilution volume and price will be?
Anyone care to guess!
Better start slapping that ask hard and averaging down to get us out of Triple Zero's or soon or that will be the new High by the end of the week.
What a POS.
How are they taking care of the debt?
How are they not increasing the debt monthly?
we do now... but before, we actually invested in the company. Lots of reasons why it appeared to be a good investment. Dean always buying, lots of insiders buying. Real company, good prospects, seemingly needed service, etc. Talk of moving to the big board. Oh, I know, you hear that crap from lots... just once in a while, there is a good company to drop a few grand on and see where it goes.
Well, There were quite a few that believed in this company. Then they do a 400 for 1 RS. That screwed us big time. stock was around .10 when they did that. Look where it is now. Then came the endless dilution... seriously... look at the share growth. Last 2 weeks they added over 55 Million! Its hard to get a pop when they do this.
We do buy a little, and sell for profit. Just lots harder here with diluted shares going to the toxic financers @ .0006 and .0007
They are happy when new people come in, buy at .0011 or so, as they are making HUGE profits.
The group of new people here that are high on this company like the rest of us used to be! lol Your the only ones buying, Or the new people are. The rest of us just watch the company self destruct.
We also watch new people here buy, see it pumped to .002, not sell and end up bag holders.
Thing is, its only not in Triple Zeros because your group is here buying and pumping. Most of us have been following this for a few years. The one poster is right.. every month it closes lower. Kind of hard to absorb all the new shares... over 55 MILLION in the last 2 weeks alone!, not counting this week.
Yea, they have revenue. Problem is, its way less than the amount they need to break even. They loose money every month! That may be worse than an empty shell that doesn't make or loose money!
Sell at Bid and how much are you up? .0001 ? Less commission
That is not True, unless you consider the MM's buying and holding it to sell. Selling far outweighs buying today. More selling recently.
I dont have level 2
But from what i see over 5 million sold, last week over 24 million new shares added, the week before 30 plus million added...
In the past months, there has been no shortage of shares to buy to make this go up. The only pop is when pumpers come in, get it up for a day before crashes back down.
They sell as they paid .0006 for 30 million and last week .007 for 24 million. selling at .0011 is quite a nice profit
Get Thin? Have you seen how many millions of shares were sold already today? I am guessing they are running the printing press overtime this week.
Where do you see thin? I just see huge red spikes here on the chart to the right.
To me it looks like over 5 million sold today. Do you have a way to see how many buys and how many sales so far today?
Yea, it can be pumped up to that for a few hours, the diluters will love you and sell into it big time. this last batch was sold at .0007, so you know they will let you pump it up so they can triple their money. There is nothing good going on with this company. Major Dilution, brings in less than it cost to run the business and anything Oil production related is just starting to get hammered.
Like Clock Work. All the pumpers brought up the price a touch.
Just think, another 24 million shares to buy up!
Short Week... only 4 days to dilute.
SECTION 3 – Securities and Trading Markets
ITEM 3.02. Unregistered Sales of Equity Securities
The registrant, ERF Wireless, Inc. is referred to herein as “we”, “our” or “us”.
From January 17 through January 23, 2015, we issued 23,893,897 common stock shares pursuant to existing Convertible Promissory Notes that have all been reported on in our earlier public filings. We receive no additional compensation at the time of the conversions beyond that previously received at the time the Convertible Promissory Notes were originally issued. The shares were issued at an average of $0.000734 per share. The issuance of the shares constitutes 20.408% of our issued and outstanding shares based on 117,068,876 shares issued and outstanding as of January 16, 2015.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ERF Wireless, Inc.
By:
/s/ H. Dean Cubley
Dr. H. Dean Cubley
Chief Executive Officer
January 23, 2015
Keep Slapping that ask... its not as thin as it appears!
I dont doubt you there... they chase, and by the end of the day its back to .0001 and they are bag holders. We longs watch it happen all the time.
No Kidding... They got shares last week @ .006 who knows what they are paying now. As people keep buying the price goes up, they dump into it... been going on for months. Pumpers are the diluters best friends! lol
Hi HiFi,
You really think the sellers yesterday and this week were "Scared Retail" ? They issued over 30 Million new shares just last week at .0006 They made a killing selling at .0011 if they did. You dont think they are holding the stock do you? We have no idea the dilution levels this week. It has been increasing every week... last week's dilution increase was huge. They have been diluting almost every week. Once in a while they skip a week. Think they skipped one around Christmas. Seems I get an email every friday around 5:30 or so saying a new 8k is out. In it is the amount of new shares issued.
The oil sector is getting killed with oil in the 40 something a barrel. Oil companies are working out 20 to 30 percent discounts from all suppliers, are laying off, and trying to reorganize.
Here is an interesting and relevant article from Bloomburg on the Oil industry now in the USA.
Personally I was hoping oil stayed above 60.00 a barrel so the local USA producers only had to tighten ship not close down.
http://www.bloomberg.com/news/2015-01-22/oil-drillers-going-to-die-in-2q-on-crude-price-swoon.html
Bob
Problem is, The company is the seller. They issued over 30 million shares last week alone. Float seems low, but look way it was a year ago. As long as they keep diluting, this keeps sinking.
The profit was a one time thing, they sold off a division.
In reality, yes, that have income, but not enough income to break even and pay the bills.
Yes, they received a 2 million loan... Its just that, a loan that needs paid back. Will they make the payments printing more stock. I am pretty sure the owner, Dean, had to put up 3 pieces of property as collateral to get the loan. I would think if needed, the printing presses will run at full steam to make payments if needed.
The float started low, because they screwed his real investors who felt they did have a lot going for them,by doing a 400 for 1 Reverse split.
Just look at some charts. Look how the shares increase every week. 30 million extra shares last week alone. Is why the stock goes down, not up. The 30+ million shares were sold at .0006 They will sell down to or past that is they have to. Look at the 8k filings, almost every friday around 5:30 we see how much they screwed us that week!
You may make a little flipping as pumpers come and go. Most that buy in end up being loosing bag holders. I really see no sense of urgency to buy in now. I am already a long time share holder who got screwed in the RS.
You sure this is not a great buying opportunity?
I am sure most of the New people in need to "Average Down"
Plus, who knows, I bet they have at least 35 million or more new shares that need bought up this week to keep this out of trip zero's.
We are down 21 percent already today. Someone better start slapping the ask soon!
All everyone is doing is buying the diluter's shares they got at .0006 for .0015. I am guessing the printing press is still running full speed. Last week they added over 30 million shares in 1 week!
We have been watching new people come in, get excited, pump the stock. Some have made a little on the pump, most ended up bag holders.
If you can get them? Didn't they just print over 30 MILLION new shares last week? They will probably have at least 35 Million more this week. I don't think there is a supply problem at all!
Well, an Extra 31 Million Shares available!
We tried to warn you all, but you know better.
Did you see what the price they sold them at?
That will require quite a bit of Ask Slapping to get the Share price up over what everyone paid this week.
Used to be only 5 million or so a week...
But hey, they are a real company that has bills to pay!
Have a good weekend all. Lets see what monday brings!
Bob
Please Buy Up....Slap that ask hard!
There has been an endless amount of shares available.
Last week they added over 19 million new ones. So load the boat!
We need someone to keep gobbling up the new shares to keep this from tanking any further.
This thing kept touching trip zero's .0009 or so before all you guys came here! Keep up the good work.
What were their expenses for those periods?
Were they profitable or did they loose money?
btw, Restructured Debt is still debt???
EVERY time Dean buys, the stock drops... Look at the insider filings, what he paid and what the price was 30 days later lol
So easy to see for yourself... its all available. He has been buying for years. His average cost per share is probably 20.00 a share lol