is doing math...
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That is a list of beer brewers. That'd be quite a diversification. ;)
You're greatly overestimating the effect of a CE. The buyer should beware in any Pinksheet stock. Stocks run with it, stocks stagnate without it.
If you (or anyone) is expecting lifting the CE to magically propel this to new heights, keep dreaming.
How was a Friday 7 days ago?
I didn't make a claim, it was a statement of fact. The PPS has been declining since mid-April. At best you could say that it's only been in a "sustained" decline since May 1st since it rebounded after the first fall. You can't argue with this though..
EESO's PPS has been in a sustained decline since mid-April. That's your definition of "hot?"
Dropping 25% on 100+ million volume in the opening hour is pretty telling. Be it a complete lack of shareholder confidence or dilution, it's not a good sign either way. Good luck.
Thanks for patronizing me, but regardless of how ridiculously childish his post was - yours was and still is wrong.
You said:
"O/S was 1.06B never 1.4B"
This is a patently false assumption you are making based on a number retrieved from the Transfer Agent in 2008 and posted in the iBox and not representative of reality.
The O/S indeed WAS 1.4 billion at some point in time, that point being somewhere between when it was 1.06 billion and 5 billion.
The O/S was 1.06B when the T/A was gagged. The O/S was most certainly not 1.06B during the last run, it was 1.4B or more.
For what it's worth, it took Jared at EESO 3-4 months to get the CE removed after he took over the CUCOS shell. Really just depends on what kind of mess you've inherited.
To raise money, the same reason he was diluting there last week.
Dude, price dropping on increasing volume = dilution.
Point is - he needs to have the financials audited to prove it. Anyone can PR saying they made millions. If you want to differentiate yourself from other Pinks, don't be like other Pinks (like EESO).
You can say you made $136 million - but if you can't afford to have your financials audited and then dump 3 billion shares, I think it's pretty clear whether or not you actually made $136 million.
All that aside - even fake revenue numbers should generate a nice profit for everyone invested in BBDA at these levels. ;)
EESO has been cyclically pumping and dumping for 16 months or so.
This is why BW needs to follow a different model - generate revenues from selling products rather than shares.
Dude, they are adding 3 billion to the O/S. You're going to regret this.
People have been pointing out the obvious flaws in the buyout myth all along. There never was one. Hopefully most of you sold when the lawsuit news first hit.
Brilliant move.
Too late to sell at .0003? I believe you still have a chance to sell at .0024 or I wouldn't be posting here.
130 million shares were bought and sold today. This isn't a mystery. Don't believe everything you read on a message board.
15 is generally a good number, yeah. I was being conservative. They need to have a good summer and then release audited financials afterwards in order to approach it though.
Assuming projections and all that:
$2 million revenue x 10 p/e ratio / 5 billion O/S = .004.
That would be a decent target for 1/1/10, assuming Weber is done diluting.
Of course, if he's not and they miss targets:
$500K revenue x 10 p/e ratio / 7 billion O/S = .0007.
Trump would absolutely go into a pyramid scheme, assuming he's at the top of the pyramid. That's the entire point. Let's not get into how many people have lost their life savings in Amway.
Anyway - back on topic - WowGreen does not validate EESO. Audited financials would validate EESO, but I expect we have several more years of excuses and selling shares before we see those.
Mallad is getting rich running an pyramid scheme. Your statement is hypocritical.
He said he now had a third of the piece that he thought he had. Some people are so intent on bashing that they don't bother to read what they're responding to...
He *never* said he was going to buy back past the 1.4.
Once again, he did NOT say that. If you set yourself up with unrealistic expectations, you'll be disappointed. He said anything over the "current O/S." But he also said he didn't know the current O/S.
He never promised it would be out Friday, just that he'd aim for Friday since he was going to be gone for 10 days. Actually, I sort of inferred that it might not be for 10 days after that if it wasn't Friday.
Also, the market is closed. Other than the message board hawks who seem to be desperate to see this video, it really doesn't make any difference from an investor information perspective if it's at 4pm Friday or 11pm Sunday as long as it's before 9AM on Monday.
Finally, it's a Youtube video! Unless he mentions ungagging the T/A, all it really is going to tell you is what the A/S is - which is 5 billion shares according to the Delaware SOS. And what he says the O/S is, which you'll have no way to verify.
This will go up when they stop dumping shares. The video is not the problem.
BBDA and HFBG
Give me a list of all the Pink stocks where you can go to a 7-11 and buy their products. I can think of 2 off of the top of my head. That's why.
I still think this stock will go up. Real companies with real products are rare in the Pinks and even if the O/S is 5 billion, I still see a run to .0024 sometime this summer and I'll be here to cash in on it. What happens after that is largely up to BW and management - though if they're smart they'd buy back a billion shares here and then dump 100 million into the run and make all their money back.
No, it is not possible that the CEO of a company could not find out how many shares were outstanding. There's also no way he'd buy a company without knowing.
It was an excuse to dilute and play innocent about it - fine. That's what happens in the Pinksheets. Most people just hire someone to be the "bad buy" like RNVO with Carnes or EESO with Kistler.
Except that you're clearly missing the definition of "target date."
n.
A date established as a target or goal, as for the completion of a project.
His goal was the 29th. He *never* promised it would be up on the 29th.
I've said it before and I'll say it again - there are enough reasons to complain about any Pinksheet CEO, this one included (lying about not knowing the SS, etc). Don't invent fake ones.
70 million+
Agreed - But if there were really multi-million dollar revenues and buyout offers, it would be very inexpensive and very necessary to have audited financials. There's no way someone would buy a company for $200 million without them. So they should already exist..
Where are audited financials from any quarter?
What's ridiculous about this? Going to be a lot of thirsty people at the World Cup. ;)
That would be fantastic. But I haven't been "comfortably long" on this - I said I'd buy more on the .0008 break.
Re: the share structure - it's not possible that he doesn't have access to that information. He's either lying or he's just incredibly ignorant, and neither of these things is reassuring.
Putting out a product and releasing unaudited financials will create enough momentum to drive the price up and make money here - regardless of the share structure. Look at EESO, they play the same games - "We make $100 million and someone is about to buy us out but we can't afford to audit our financials!"
You shouldn't be comfortable in a Pink. There's a reason they're Pinks, and it's a gamble - but this is a safe gamble. I'm just not ready to lay down my chips yet - and today didn't encourage me to do it any sooner.
As I posted earlier though - you'd have to profit from lying.
You can't lie to drive the price up and sell shares. If you just lie to drive the price up and it doesn't work and you don't profit from it - you'll never get convicted.
That'd be great, except if he was buying back, who was selling him 300 million shares at the bid?
Agreed - the fact that all the shares are being bought is a positive sign. Most times a 500 million share dump would crush a stock, not set it back to yesterday's opening price.
Are you serious?
We've been at this level for over a month. Now all of a sudden, 4 PR's in two days and then hundreds of millions of shares hit the bid.
This isn't rocket science, it's typical Pinksheets.
Like I said - I still think there is money to be made here. But this is discouraging. Lying about not knowing the SS was bad enough.