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Interesting...do you have any links on this?
Gotcha.
And thanks for the welcome.
My point was that this was another case where this administration is pressuring the american people to shell out big bucks for the former employers of the administration. No doubt some will disagree and think we went into Iraq to liberate the Iraqi people. I'll look to adjust to the tone you are trying to set here. Wasn't trying to be combative, I just like vigorous discussion and I'm a died in the wool cynic.
Pay for it? I thought we could get something for nothing! This is NEW money being printed up mister, you don't have to pay for it when you will it into existence.
Has not Benjamin Shalom Bernanke truly discovered the philosophers stone?
Politics is inextricably linked to decisions made by politicians. That much is obvious. If the politics discussed were some social issue like gay marriage then it would be off topic....but everything I said was related to economics within the context of the post, whether you agreed with it or not. Its telling how you can't have a comprehensive discussion about the market without talking about government and politicians. Some free market. We think we are so much better than the Chinese because we have two parties instead of one. lol.
If you think calamity is inevitable and you just want to stall it, I find no disagreement there. But I have not seen the case made for this imminent calamity parroted by government officials. Paulson himself said he just came up with 700 billion because it sounded like a really big number.
I'm sorry but I demand more from those who wish to spend billions and billions to dilute my currency.
An investor's mind: http://www.retro.ms11.net/InvestorMind.gif
Yeah I know what you are saying, and that is what the party line is from those selling the bailout. Kind of like "If we don't fight them there then we will have to fight them here." to draw another parallel from the scam Haliburton/KBR contract war which is Iraq.
Sounds good to say but its meaningless rhetoric unless backed up by analysis.
But they haven't detailed how the system would have collapsed. For example, if AIG went under (looks like it still will), why couldn't vultures pick over its many viable businsses like what happened to Lehman? Its only because the american public is ignorant enough to think that bankruptcy = "Pooof!" that they were ever able to sell those scare tactics.
If any system will collapse, its the fiat USD Ponzi scheme which they are making worse by hyperinflating the money supply.
Just wait till we get 10% inflation. Obama will get stuck with the bill just like Carter got stuck with Nixons.
What whole system? Please detail how the system would collapse. Perhaps you can make a better case than GW. (i wouldnt be suprised either)
Bush runs to the american people parroting ex-Goldman CEO Paulson who is about as impartial as Cheney, saying the sky is going to fall if we don't give him what he wants....NOW.
Please.
Sounds just like the criminal Patriot Act that saved us from the armies of terrorists who are getting approved for visas by the CIA and are about to slaughter us in our shopping malls if we don't ACT NOW to eliminate civil liberties.
There were several alternatives proposed by Chicago School economists and others that would not have cost taxpayers a dime.
Just goes to show that, sadly, laizze faire capitalism will only work "in theory" just like its polar opposite socialism. Human nature is too corrupt. The best road seems to be tightly regulated free markets, a hybrid approach.
So, sorry, no more outsized gains, Wall Street. You'll just get your losses subsidized by the taxpayer if you fall on your azz.
So what happened today? Let's look:
The headlines:
"Closely watched housing index shows home prices dropped at fastest annual rate ever in August "
"Consumer confidence plunges to lowest on record"
"Big Tech Loses Its Safe-Haven Status"
"Treasury official says rescue operation will generate unprecedented borrowing needs"
So how does Wall Street react? dow is up almost 9 percent on word of a rate cut. Yes, a friggen rate cut. LOL.
Wall street truly knows whats best for america. This is because they make wise decisions. All the time. Ben Stein the Nixonite permabull and speechwriter/actor/economist/creationist is really a genius. Just wait and see.
is there a reason why pps keeps dropping
Flight to safety...mostly all chinese reverse mergers are getting slaughtered. Ppl don't trust them as 'legit'. If it doesn't pay a dividend then there is no bottom, in this market. Valuations are out the window. I have profitable companies with their whole market cap trading for less than net cash, or less than net profit; and they keep dropping because they don't pay a divi. Sucks for GTEC because it needs its PPS over 4 bucks...But its not alone.
Great post.
So WSM was a stock "PR" person?
I thought he was just a regular investor...Feel kind of duped here. I hope he wasn't being paid to promote CVIC.
RIP WSM. Whether or not he was a paid stock PR person he was still a good moderator.
Or in its own currency. *wink*
Not the kind of news you want out at the same time you are getting uplisted.
Good luck guys. This kind of stuff is why I don't mess with Chinese OTCBB anymore. Shady scamming people everywhere. Hopefully Cao Wubo doesn't get tired of dealing with all this and is determined to keep a US listing.
Is CVIC a client of your company?
But you know who many of those "investors" are?
Naked short sellers in Europe (and other market manipulators), where lax brokerages let them get away with that sort of thing and the SEC doesn't care enough to persue it. They pump the stock up so they can sell their phantom shares for as high as possible since they obviously don't have to cover their shorts.
I mean come on, the front page of IHUB is a who's who list of active scams. What companies have we seen there? SWVC, DLAV, GLLC...I'd like to stay off that list, talk about unwanted publicity. There's a reason IHUB is known as "Scam-Hub". If CVIC is for real then investors should welcome a cheaper share price, since when this company gets its share structure together the PPS should be fundamentals driven.
Nothing wrong with an active board, but saying good morning every morning just to boost the boards posts ratings? That's a bit over the top, imo, and could backfire by attracting certain people you really DON'T want in your stock.
Its already hard for me to really believe that CVIC is for real given its hundreds of millions of shares, and a listing on the front page of IHUB would seal the deal for me in that regard.
Penny Lane on UTVG: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29690035
If you want to know what I now think about chinese otcbb stocks in general, read Penny Lane's posts. I think he has it nailed. These companies in general aren't any different than the Russia, biotech, mining scams of the past (literally, if you look at the typical shell's history). Even the uplisted ones are frequently just crap covered in sugar.
Mark Cuban is shorting them:
http://sharesleuth.com/a/china-fire-security-group-inc/18/
http://sharesleuth.com/a/history-and-mystery/49/
Randy, as a fellow former shareholder of GTEC, the article on CFSG tells a story that is remarkably similar to GTEC's. I hope those still in GTEC make some dough but I can not in good conscience hold that stock anymore and I'd advise everyone considering these chinese otcbb companies to really do an extra layer of DD and DIVERSIFY.
side note, I finally entered AYSI @ 1.72.
An investor's mind: http://www.retro.ms11.net/InvestorMind.gif
If chinese OTCBB are your thing, make sure you have northenlightsk05 peoplemarked (he's also on yahoo and investorsvillage by that name). He bought CNEH when it was .50. Northern speaks mandarin and calls those companies directly (not IR), and even occassionally visits them in China. My last couple chinese otcbb stocks have been Northern rec's.
Also mark http://chinaotcplayer.blogspot.com/ in favorites.
The top posted-on stocks on IHUB are also scams. And there are plenty of IHUB microcap stocks that move up fine without posting. So, sorry WSM, I don't quite agree with you there.
If cavico ever appears to move up based on message board posting, I'll promptly sell my shares. Those are hollow rallies based on suckers who will be disappointed and dump on anything that goes wrong. I can live without that kind of volatility.
Slow and steady is what I want. In the right direction, of course.
There's definately a motive for the jump.
Either
1. Someone knows a positive development is imminent and is in a BIG hurry to buy shares
or
2. This is more manipulation by someone who wants to dilute.
I am leaning toward the latter but I don't wish it by any means. But this stock has clearly been heavily manipulated in the past and I assume the worst. Hope something breaks for you guys soon. But I'm fed up with this company and not taking that chance. Will re-evaluate when/if they RS.
If anyone else is not sure whether they want to stick with this company I strongly advise dumping on a bounce like this because when I was trying to sell a portion of my holdings recently I found it VERY difficult to sell without completely collapsing the price, this stock is illiquid and most of the action you see is MM's playing games. Was very hard for me to find buyers. I really feel lucky I got this bounce which lets me out with the skin on my back.
And if that was Long...well I take back every thought I ever had about him. LOL
An investor's mind: http://www.retro.ms11.net/InvestorMind.gif
To whomever bought my shares: Thanks for letting me get out at an acceptable price. I hope GTEC does better for you than it did for me (read: no more di-loot-tion).
Good luck GTECers. I'll be watching from a distance now. Maybe one day when this company can cut down their shares and uplist then I'll buy again. Cheerios, as the english say.
UTVG is on my watch list as well. Now is a good time to consider buying it, imo.
There are definately risks though, such as a low moat and easily duplicable business, and questions regarding senior people leaving. Not to mention the standard Chinese otcbb risks. There are some smart people (like Mark Cuban) shorting Chinese Reverse Merger companies on the big boards.
If you play this space, diversification is prudent due to risk factors nearly impossible to ascertain from an armchair.
An investor's mind: http://www.retro.ms11.net/InvestorMind.gif
I hope you're right and this works out for us WSM. But I also know how wrong things can go after my last investment in a company like this went down the toilet due to poor share structure management so I'll def be disciplined this time in the % of the portfolio I allocate. fingers crossed!
For the record, while I can't speak for the other stocks you've been involved in, I haven't seen you pumping cavico as oldherder indicated. That's why I wanted to see his evidence. You've been a fair and balanced (in the non-faux-slogan form) moderator here from what I've seen.
His personal comment aside, the core concern regarding CVIC is one that I'm sure many of us worry about. That's why its very common for the foreign RM otcbb companies to get these insulting valuations, and why I now think cavico is probably fairly valued at these levels considering the risks. To me, the burden of proof on these companies is too prove they ARE for real. In this sideshow stock market known as the OTCBB, share structure and how its managed IS almost everything. Cavico has some proving to do in this regard. I don't care what the market cap is, there is no good reason to have 100s of millions of shares trading at under a buck, forcing you to remain on the OTCBB. Companies that are serious about uplisting don't let that happen.
....Oldherder's personal comment was probably inspired by the involvement in deep penny plays. Frankly, its only natural on his part, even if not on topic or worth bringing up. There's really nothing "investment worthy" down there, all those .01 or .001 stocks really are scams, imo.
Elaborate please?
Yes, that's the reason why the stock dropped.
GTECers have been expecting a RS and instead got a big share count increase.
Let's hope a RS and uplisting are still planned for in the near future. I've recently sold a bunch of my shares for a 30% loss because the value(if any) here just ceased to be compelling, there are non-diluting Chinese pharma's on the big boards at better valuation metrics, a couple of which I invested in instead of GTEC. I'm still holding some GTEC though, and don't plan on selling at these prices, I think we are due for a bounce (Pope needs the PPS over .20).
China's the place to be, but with the big Chinese market correction recently, you don't need to scrounge around the OTCBB trash bin for great multi-bagger values. If ya do, it would be wise to make sure uplisting is imminent...GTEC still has a lot of work to do on that front. Had I known what I know now back when I first bought post-merger GTEC, I never would have entered this stock. Too many red flags.
It has been very indicative of major developments.
" :) " is all he had to say. Was that a grin of knowing to sell all his shares way ahead of time? lol...I don't think he meant that...which is why I'm glad I don't make investment descisions based on insinuations, winks and giggles from company management who naturally see everything through rose colored glasses.
...I knew we'd see a big sell off here sooner than later, and that uwink would end up under .50
This market has no stomach for otcbb speculation. Even profitable otcbb companies are taking it in the gut when they dont measure up to the loftiest expectations.
Uwink will struggle to make it past the next 6 mos without a major development, imo. I have my doubts about the success of their third restaurant as well as the continued success of their other two. We'll see if they can do it. This race is getting down to the wire. Given how undersubscribed their last financing was, I'd hate to see the terms of the loan sharks (cornell) theyd have to turn to if they need more.
Yeah, been busy as of late.
Which table, the one populated by just DRGP right now? Hmmm...most of the ones I've mentioned I bought some time ago so I don't know how useful a reccomended price would be since I wasn't here to reccomend it at the time.
But I did buy DSNY in my time here, so put that in the box. Couldn't figure out which button was the link tool for a while, it sucks that the ibox won't take HTML.
Objectivity does seem to be a rare trait in IHUB moderators Randy. That board is lucky to have a moderator not involved in pumping the shares; and silencing and harrassing members with opposing viewpoints via deleted posts and PMs, as I've experienced on IHUB. lol.
BLLB is a slimy nasty scammaroo IMO.
Are you sure you're not affiliated with GTEC?
Nice chinglish:
"exagerrating one meaning for another"..."its pain like you"...
But if I were to short, I couldn't short an otc penny GTEC. Only naked shorters with offshore brokerages would do that. And when you're a naked short you PUMP, not bash, because you don't have to worry about covering, you just sell the "phantom shares" for as high as you can.
Keep the tips. More dough to sink into the ever-cheaper GTEC shares.
See? message 4568. I come and go when NITE does...I am NITE!! oh, how "odd". lolololol
Buying when the stock is in pain...hmmm...Maybe with real stocks that advice works. When pennies are in pain, its usually the typical death spiral. You know, huge share count increases, rediculous financing terms, equity compensation...GTEC-type stuff.
What do you say...
Still predicting .40 by november? Think that's a go?
An investor's mind: http://www.retro.ms11.net/InvestorMind.gif
Ahh I see....you mean like your theory that I am NITE? LOL
Superb deductive reasoning on that one Long.
But alas, I'm sad to inform you that I was not talking to you in that post, so you'll have to direct your great powers of logic elsewhere...for example...Any new stock reccomendations?
Did he mention fixing it? or was that the first he heard of it?
Good stuff...looks like we might be entering a sustainable uptrend. *fingers crossed*
Do you, chief.
Lame attempt to pull rank over the internet = FAIL
I don't see the board bashing in that quote either. If he came to the board saying "this board is run by that egotistical disengenuous penny pumper named Rawnoc who leads a chearleading fanboy squadron obsessed with Nolan Bushnell and Chuckie Cheese for grown-ups"...then that would be board bashing. But he didn't do that, did he?
Looked like he was just trying to share his experience to me. He should be commended, he provided more DD to the board than many here have. Who knows, might save a few people from dropping down to .50 with the company.
LOL...such a torrent of posts I've unleashed...If I were to respond to all of them then I'd be as much of a fanboy against uwink and you apparently are for it!
Not worth the effort. You think the Uwink restaurant concept is great. The gentleman posting his review disagrees, and I'm not convinced either way. End of Story.
If you take the time to unleash ad hominem attacks and multiple essays against everyone who disagrees with you (and no, he wasn't bashing the board, lol), then you're just wasting your time as badly as someone who pays to post on an internet message board wastes their money. *rubs eyes* Oh...lol...
A must read for every IHUB member: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=22443933
Also, check out a board I help moderate: http://investorshub.advfn.com/boards/board.aspx?board_id=12482
"As Iron Sharpens Iron"
hmm...touchy subject I guess. You're publically very bullish on uwink, that's apparent. Strange, considering no position in the company...but whatever. All I'm saying is that your fanboyish bashing of someone who came to the board to share their experience is uncalled for. Uwink is a stock, not a religion. No need to shun the unbelievers, charlie. I hope UWKI does well too, but most investors would do well to err on the side of caution, not naive fantasy of what could happen in a perfect world.
.
.
(I've seen a number of negative to tepid reviews on uwink in the time I've followed it, and yes there are a couple positive ones that read like paid advertisements. There was a blog entry from a diner on Uwink I came across a couple months ago that was filled with negative comments from readers on the experience.)
A must read for every IHUB member: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=22443933
Also, check out a board I help moderate: http://investorshub.advfn.com/boards/board.aspx?board_id=12482
"As Iron Sharpens Iron"
I think that response might be a little over-the-top and harsh. I didn't like to read it either even though I have practically no position in the stock as of now. Let's face it, many of the uwink reviews have not exactly been "gushing".
Personally, if I do buy this stock going forward, it will have nothing to do with the restaurants, which have been assessed as mediocre at best, by most people. Uwink needs to license its tech. asap.
Thanks for the assessment.
We need some buyers. I'm not rah-rah over GTEC like some of you guys, but it seems we'd be due for a bounce soon.
Anyone still here?
Well, I told myself I'd limit my Chinese OTCBB exposure, but I gave in and bought SGAS. My excuse is that I wasnt able to load up as much on SNEN's bottom as I wanted to, due to liquidity issues. I'll post more on SGAS later, but the bull case should be pretty evident. As long as they don't pull a Cao Wubo on me with any financing, then I think this is (or at least should be)a good bottom with excellent multibagger potential.
Cheerios....