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playfullyhappy, well, if all the bid activity over the past couple of months have been investors selling there can't be many investors left holding stock. The company can't dump the full 5B shares all at once, has to be done in increments. Check the O/S balance again at the end of the month, that should tell the story.
wow! Huge bid dump.
Not the same guy. The Mayan's calender ended at that date. FWIW.
If not Oct then 21 Dec 2012.
Oct 21st, the end will be caused by a fireball this time.
Unfortunately you can only deduct $3000 per year until your losses are satisfied.
Ok, thanks.
Ok, thanks for sharing.
CoPinks, where did that post come from? Is that recent?
I'm not sure about the "deception" Jobenny. He announced doubling the A/S to 10B. Not only did it mean heavy dilution, but that implied the company was financially unstable, IMO. The warning signs were there, however, many chose to ignore them through their own rationale. It's going to be a bumpy ride for a while before we see a light at the end of the tunnel. Let's just hope that light is not a freight train.
lol, but you don't see it here. Yahoo board is a different breed. I'd recommend staying away from it, especially if you believe all opinions/comments there.
I don't recall anyone here calling LFBG a "scam". Furthermore, anyone buying into a penny stock do so a their own risk. It's their decision.
Here's a senario for thought: First of all, IMO, Troy made two major mistakes that concerned me. First of all he should have never pointed the finger at MM's and message boards as the culprits involved in the stocks decline. Second of all he sent the wrong message advising investors to average down. It's possible, in his own way, he was trying to say his long term plan would take the pps back up. I realize many investors have probably given up on the company or holding positions in hopes the pps will increase enough to soften their losses. If you take a look to see what has driven the pps down it's obvious, at least to me, it was doubling the A/S to 10B. I felt that was a bit extreme. The problem is we have no idea what the company's current financial position might be and what extra capital is needed to sustain the company, in addition to the cost of following through with planned company growth. The following is an opinion I have regarding his thoughts on doubling the A/S. As a means of saving the company from a possible bankruptcy, anytime in the near future, such an A/S addition was necessary. He probably did not intentionally want to financially hurt investors, but saving the business to fight another day was his only option. Remember now, this is only a possible senario, I cannot read Troy's mind nor do I have the ability of predicting the future. Guess we'll just have to wait and see the final outcome.
Only 54,000 shares left on the bid side, possibly 6/7's tomorrow. Unless the bid is expanded and retain the 7's.
ttxxhorns, ERT was initially an IPO, not a penny stock. Trading at $6+ and mc at about 345M.
And the name of that billion dollar company is?
Exactly pack10, I'm sure the extra capital is needed to expand their business. People that feel this company has good potential will just have to be patient. The only thing garanteed in life is death and taxes, not stock profit.
It can get frustrating to say the least. I sold MCLN awhile back and been watching. Was tempted this morning to buy back in at 39, so I did. I've liked the business foundation the company built, and do believe they have chance as only about 11 percent of the market they are after has been captured. The dilution taking place is more than likely a necessary evil to raise capital, I'm sure we'll be faced with more of the necessary evils as time passes. I'll be intested to see how this all unfolds and if the company actually beats the odds and becomes successful.
MTH4, the moment a person decides to buy into a sub-penny/penny stock it becomes a risky guessing game at that point. Investing in this type of stock one has to expect eventual dilutions and, in most cases, r/s's. It's simply the facts of life for penny stocks. They are NOT short term money makers, and very few, if any actually make the big boards. I know it's exciting to buy into this type of stock as many shares can be purchased at a low price and the dreams begin for a quick huge profit. In almost all cases it simply does not work that way.
The next down tick will put us at 38/39. Lets hope we get some up ticks.
agree fblaster. All his calls are ridiculous.
Don't know pnkbullsht, the figures I posted were taken from the Transfer Agent. More info in the sticky box.
Outstanding Shares:---As of 3/14/2011 4,440,477,246, Then, as of 4/21/2011......5,416,535,366, AND NOW AS OF 5/3/2011 AT 5,628,614,018
IN LESS THAN 2 MONTHS TIME, AROUND 1.2 BILLION MORE SHARES ISSUED.
Remember Raingawd, Never fall in love with a stock. No one will sell so you can buy more.
no volume yet. Company hasn't started its dilution process yet.
The trading activity today was not as predictable as the past few days. The trading activity today had me puzzled. At times it actually appeared investors/traders were buying and selling. No way of telling for sure though.
Oh, BTW 17, I referring to the car, not LFBG.
17, no, I wouldn't feel bad at all if the car was costing me a lot of money in repairs, and simply was not reliable. Yes, It would bother me if the car was running fine and was reliable. I don't quite follow your #2. I'll re-read my post for a connection. (Getting old when I can't remember the subject matter of my posts).
If the stock holds true to form we should be getting a sting of bid activity shortly.
L2 bid/ask sizes pathetic.
Scott, the bid side can be sells, shorts (for the few that are able to short this type of stock) or buys. There's really no way to tell as a short and a buy shows as a sell. (I can't tell the difference, maybe someone can. When the bid/ask doesn't move for most the day, and almost all the trades are on the bid side as it has been for the past few days I can only conclude possible dilution activity.
I wouldn't call this normal trading activity. Even with the millions of shares traded today on the bid side at 0.0007 the bid remained at 0.0007 through most the day. Some entity was able to dump sizable block shares without moving the bid down or affecting the ask side. This has been going on now for days to the point it has become simple to predict the trading pattern. This is NOT your conventional buy/sell activity.
Accumulation? What stock are you referring too? Certainly not MCLN.
I also realize the company's stock dilution is a necessary evil for the company to raise capital for other endeavors. The problem is investors see their investment decreasing which I'm sure is a concern. The question is after the company is finished with their dilution how quick of a turnaround can we expect. I'm not convinced that IF, and I say IF, the company decides to do a r/s after the dilution process will that actually help the current situation. If the o/s ends up being 10B followed by a r/s on top of that, what can we expect at that point. Although there's NO confirmation that a r/s will occur, but what if?
Don't know noquit. Unfortunately the only current substantiated information that's accessible is the on-going dilution of the company's stock. Sales, etc remains a mystery at this point. Appers we'll have to wait for their next reporting period.
I agree 17. Everything I read yesterday sez MM's do control the OTC. I believe the Rep at Etrade gave me wrong information. As far as I'm concerned it's a dead issue at this point.
Ok, best of luck to you also.
TecNasty, In a netshell. The OTC market is control by license brokers and dealers, and of course machines. Also a lot of back room dealings. Call your broker for further explaination.
TecNasty, it really isn't all that silly. Instead of trying to explain it to you I'd suggest you call your broker and ask him/her if MM's control the OTC
change that # to 29073.