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Once the new shares are released this thing is going to crash and it's going to crash HARD. There will be rebounds along the way, but it will never, ever, ever reach $.10. EVER.
Yes, if I were a trucker there's nothing I'd want more than a drink that's primary effect is to put me to sleep. PURE GENIUS!!!
You don't know why they did a RS? They did it because they have no revenue, and they have to sell shares in order to pay their management 6 figures per year to produce no revenue. They had diluted to the point that it was no longer possible to make money selling shares, so they RS and will soon issue themselves million of shares that they'll eventually dump on the market. This cycle will continue until people stop buying the shares altogether.
95% of the time the only people who make money on RS are the traders who play the volatility immediately after the split. Very seldom does a good company have a legitimate reason to RS, especially OTC/Pinksheet stocks. Exchange traded stocks will sometimes do a small RS in order to avoid being delisted, but that's usually a temporary fix.
Hard to see that happening unless they publish financial statements that show new sources of revenue. There are still 24+ million shares outstanding after the RS, which would give the company a market cap of $1.2 million at a pps of $.05. I don't see anything on the financial statements that would merit a valuation that high.
Joe stated on his site that these meetings are part of a two-day conference. These people don't just clear up two days on their schedule on short notice, so you're right, this event has been planned for some time. It's entirely possible that BMGP was invited at the last minute, but LANL and any major attendees have known about this for a while.
It typically takes a day or two for the brokers to get the new share certificates. Once they do, you'll see the pps jump all over the place as pre-RS investors try to dump their shares and daytraders try to take advantage of the post-RS price collapse.
That's a joke pumper account. "Bettyboop" also posted that she'd heard the buyout was a done deal and that the employees were buying up shares of the company. Don't fall for that trash. Probably midway through next year, after the current crop of burned investors have completely moved on, they will startup the pump/dilution machine again. Two to three years from now there will be another RS. The only way this ends is if the SEC steps in.
Yes, go look at their Disclosure Statements posted on Pinksheets. During 2007 they issued billions of shares to their Directors for "services rendered". They dumped those shares onto the open market during 2008 and reverse split at the end of the year to drop the share count to 10 million or so. Then during 2009 and early 2010 they issued billions of shares to themselves which they dumped onto the market during the fake buyout. Now the cycle begins again. If/when they release new information for Q4 of 2010 and Q1 of 2011 you'll see that they issue themselves millions of shares again.
Seriously, this is their 2nd reverse split in as many years. 1:4000 in November 2008, 1:500 today. If only the SEC would take the time to look at these guys there would be jail time for THRR management. Unfortunately they're too small of a blip on the radar and they won't even bother.
Buying back with what? They have no money. Your attempts to pump pre-RS failed and they will fail now as well. This company is a scam and it's sole purpose is to print shares to line the CEO's pocket. The buyout was a fraud perpetrated by management. DO NOT GET SUCKERED INTO MAKING THEM ANY RICHER.
The writing has been on the wall since March. RS was INEVITABLE.
You'll have to put in a market sale if you want to get rid of your shares. It's trading under $.0001 and won't get back to that price until the RS.
When the volume gets into the millions, it means the company is dumping shares. Check the OS Monday.
True, but the number is actually closer to the $500k the other poster stated than $1.2 million because you cannot sell this stock for $.0001 right now. It is trading somewhere between $0 and $.0001, but unfortunately only the MMs can see the value down to the 5th decimal.
Just out of curiosity, where did you come up with that number?
I owned BIEL in 2009 and actually made some money trading it. I could have made more but I sold right the last run to .10 during the week the wonderful Tylenol study was released. I have read every study they've posted on the safety and effectiveness of Actipatch/Allay and none of them provide any type of conclusive evidence that their specific product works. I don't care about NASA studies about general PEMF effectiveness in zero-gravity conditions. I'm talking about Actipatch/Allay, period.
I have no desire to see BIEL fail. My comment was directed at those that say "the FDA is corrupt and won't approve because they're protecting big Pharma". That's ridiculous. The FDA won't approve because BIEL has not provide conclusive evidence of the safety and effectiveness of the product. End of story.
Lots of people bought it as a lotto ticket at .0001 pre-RS. They're down 97.5% today.
Can you point me to the peer reviewed, double-blinded, placebo controlled study that proves that it's safe and effective? If you can then send it to the FDA and they will likely approve it.
No need for this post now since somebody restored my orignal posts. Thanks.
Seriously you deleted my post which was full of facts straight out of the 10K? And revenues have not doubled. If you read the Q3 financial statements you will see that revenue for Q3 was $228,428 and total revenue for the first 3 quarters was $561,257. Total revenue for the entire year according to the 10K was $613,357.
That means they only made $52,100 in revenue in the 4th quarter, or a decline of $176,328 (-77%). They had zero cash on hand and a $15K liability for bank overdrafts. No maybe things will look better on their FY 2011 Q1 filing due Monday, but this annual report paints a very bleak picture. If this direct marketing campaign isn't wildy successful then there is much more dilution coming your way in the near future.
134 million? Where did you get that number from? The current OS is 286,636,940, up from 45,259,400 as of June 30, 2009 or a 6X increase. AS is 800 million. Revenues are down 77% compared to the prior quarter. The have zero cash, or actually less than zero since their balance sheet shows $15K over-drafted from their bank account.
Shareholders need to hope that these commercials pay off and pay off big or there will be MUCH more dilution coming down the road in the next few months. That or bankruptcy.
No demand = no trades. That's why a RS is inevitable. The company cannot pay its bill without additional capital and cannot raise additional capital if there is no demand for its shares.
Fat fingered and cancelled.
He has to buy tires, plus fix the truck so it actually meets specs.
And the ones who sold you their shares at $.10, $.15, $.20 or more did so at least 5X today's price. I wouldn't be too quick to laugh at others trades.
You'll get no argument from me. And companies that really expect to succeed remain public until they have attained some measure of success, because there is much more to be gained from an IPO or buyout when you're already successful.
LOL. Yeah, what do you know? That company actually files its financial statements and other required filings on time. And they even OWN THE TRADEMARK to their product. What a novel concept.
Another thing you need to learn about these pinksheet companies is that their AS means absolutely nothing. They can increase it at any time, for any reason, without asking or notifying shareholders. So, in effect, they have unlimited AS, but that doesn't matter in this case because the bid is so low they simply can't make enough money to keep their doors open by selling shares. They have to do a RS to stay in business. They have to.
You WILL NOT be able to sell this stock for more than you buy it for if you purchase today. There is only downside here until after the INEVITABLE reverse split. If you are already in then you might be stuck with it, but DO NOT throw your money away if you don't already own the stock.
Of course, you're all grown folk so you can do what you want. But there is nothing to be had here but LOSSES until the next P&D after the RS.
Bloomberg posts what the company PRs. It provides no evidence that the deals will or will not close.
Buy now and you will be stuck with shares you can't sell until after the RS.
I'm not consumed with hatred for anybody. I know nothing about him, I'm talking about the company. The last financial statement they published showed that they had a NEGATIVE bank account balance of almost $100k. NEGATIVE. Seriously, I have never seen a company financial statement that showed an overdrawn checking account. I have never dropped a penny into this company so I'm not posting because I've been burned. I am fascinated by Pink Sheet scams and the people who perpetrate them, and this is just such an instance.
The difference between you and those people you mentioned (aside from millions or billions of dollars) is that they base their predictions on objective analysis. There has been nothing released that would support a $12 million+ market cap for this company, and that's assuming there are no additional shares issued over the next 6 months which we all know isn't going to be the case.
Financials aren't out. Those are the 10Q numbers from March. Those have been out since May. The 10K will include numbers through June 30. And they aren't making money, they're losing money. Yes, they had a small amount of revenue coming in, but it wasn't anywhere near enough to cover their operating expenses.
Post of the week. Congrats.
I know slojab already mentioned this, but you have to have money to buy back shares, and Thresher doesn't. If you take a moment to look at their financial statments you'll see that they have about $100k per month in fixed operating expenses. Their gross profits are negative, so the only means they have to pay their bills was with cash raised through previous dilution.
We're 3.5 months from the date of the last filing which means they've accumulated another $350k in operational expenses. They can't afford it.