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This company has no cash. How is it going to pay for its $4M in accounts payable ? It does not even have enough current assets to sell to pay for that.
I guess some dilution is on the way.
It is impossible to have a conversation with someone who is not invested in a stock, yet, they post everyday in order to prevent others.
And clearly, there are a few people here who are not invested in this stock. I would never say that this stock is going up or down, or is going to reach a certain price, because I don't know and no one knows. However, some other people here do say those things because they have a separate agenda.
Based on that, those conversations would not go anywhere. Another thing that some of you guys don't realize is that what happened in the past does not really impact what is going to happen in the future. This is a penny stock not a fortune 500 company and is all about hype and hope. If you invested and lost money here, too bad. If you are complaining this much and are so bitter, maybe you should not have invested in the first place because you obviously cannot afford to lose.
The posts on this board are not informative, rather, they only try to undermine any news that the company issues or scare other potential investors with bogus statements about R/S, fraud etc.
This has turned into a chat room for teenagers !!!!
Hey, if that is the case, than more power to you. I respect that.
The only problem is that it is a little fishy that way too many people post here "warning" other investors.
Like I said, you guys must be angels, too bad you are all assigned into one stock.
Is commission split among everyone ?????
All I see is a company who will generate over $1.2M in the current year.
Whose assets exceed their liabilities by almost $2M and whose current ratio is over 1:1.
What is your point ?????
Show me another penny stock trading at these levels with these kind of numbers. I rest my case.
That's exactly the thing that bothers me. Too many nice guys here trying to help investors that they dont even know. And they are really determined because they post everyday.
I have been in stocks that were garbage, but after I got out, I never went back and posted something negative every day.
I guess I must not be a nice guy. You guys must be angels. Too bad you are all posting on the same stock.
Lets see, you post on the board of a stock trading at 0.0001 every day trying to bring it down.... but I am the loser ????
LOL.. at least you are funny.
Yes, they do exist otherwise they would not be trading anymore.
Also, I just called the number in their website, receptionist answered and yes they are still in business.
Just because they don't give a fluff PR every couple of weeks does not mean that they are not around.
Now, I would like to have some kind of news since it has been a while, but I rather wait for something good than get a BS PR.
GLTA
Thank you to all people that are not invested in this stock trying to save all others. You guys are real angels. It certainly takes an effort to look at a stock that you are not invested in and post something every day alerting investors about how bad it is.
Especially, when you don't gain anything from it {Wink Wink} other than doing a good deed.
Thank you and god bless you. You guys really have it going on. LOL
What ??????? Say that again ???? What are you talking about ???
I fell for the bait ??? What ???? What bait ???
First of all, their equity is positive, just so that you know so they DON'T have a deficit - wrong again.
Second, when did you hear me say that the company has net income - which is what you are referring to. I said "They have revenues" which is very rare for a stock trading at these levels.
You need to get some accounting classes or something cause you are really clueless. Sorry, no offense, but it is actually pointless to continue this discussion.
Let me tell you something that you should definitively know because you are obviously clueless.
Assets ALWAYS equal total liabilities and Equity otherwise the balance sheet would be out of balance. You obviously have no clue about accounting. Since you do not know how to read a financial statement I will do it for you:
Assets $2.79M - liabilities $981K - Equity $1.8M. So no, total assets does not equal liabilities. I think you need to think before you talk about things that you have no clue about.
For someone who QUOTE "have been doing this for a long time" you don't know much.
GLTA
Look at their June Statements in pinksheets and you will see the assets and liabilities that they have.
It is very rare for a sub-penny stock to have such financials.
I am also perplexed as to why the PPS is where it is. I know that they had dilution which brought the PPS down from $0.50 but the PPS should be higher than this. No I don't expect a dollar, or .50 cent but this should be at least a penny.
Do you guys realize that they actually have revenues and that their assets exceed their liabilities ?
Do you know how rare that is for a penny stock, especially for one trading below a penny? Look at all the pennies out there and find me one that has these kind of numbers. I guarantee you this, you will be spending a lot of time looking.....
That is the reason why I am invested in this. Add to that the fact that the float is so low, I am willing to take my chances.
Of course, nothing is guaranteed but you can only make decisions based on what you have in front of you.
Do your own DD before you invest in any stock and don't listen to me or any other person here because everyone has an opinion based on their own experiences.
Thanks
GLTA
I just want to thank all the people that are trying to save us from this stock. You guys are real angels.
Thank you again very much but maybe it is time for you to actually get a real job. LOL
Agree !!!
I guess to be positive, we have not seen any good news, but we have not seen any bad news either.... and bad news always leaks out.
First of all, I am not pumping. I am just expressing my opinion.
I have been following this stock way before you even started to write in this message board.
If you want to invest, you do it because you want to , I never told you or anyone else to do so.
In my opinion, this stock has potential to go up. Why ???
Low float
Pretty good financials and revenues (which is very rare for a penny)
I might be right, I might be wrong, time will tell. I am not a future reader. After all, as with all pennies, the risk is very very high, however, the reward is also very high. Don't bet with money that you cannot afford to lose. You want something secure ?
Go invest in APPLE - if you can afford it.
Thanks and GLTA
Still not a dump. Just so that you know "Dumping" relates to shares not the share price. What happens with pennys is that they DUMP hundreds of millions of shares which drive the price down.
Clearly not the case here since only 9M shares were traded.
GLTA
How can you call this a dump when there is a minimal amount of shares traded. And so was yesterday so there was no dump yesterday either or in any other day for the past week
There is only 9 million shares traded. What Dump are you people talking about. Thats less than $10K.
Is this the day that we get the big announcement ????
We know its coming, just when is the question
Only up from here !! LOL
But I am not selling, I need tax write offs next year.
Come on... announce the news already. We know it and we know it is going up.
Info on Inversiones Financieras Ferrinvest SA SICAV
The only problem is that this is a Spanish company that trades in Europe so everything is in Spanish.
If you don't speak Spanish - go back to drinking - its not a bad option.
GLTA
http://www.cnmv.es/portal/verDoc.axd?t={d4e9917f-3272-4ec1-af62-ca91e8f371ec}
http://www.cnmv.es/portal/verDoc.axd?t={6a00481b-1265-4b0c-8f32-cbb23b192e81}
I don't think that trying to contact Gordon is useful. They sold the company and the old officers are not around anymore.
Wait for the update for the new contact info.
I think the potential here is a lot higher than most people expect.
We are talking at least 5 to 10 cent at least based on these factors:
Very Very low float
The company actually has significant revenues (unlike most penny stocks)
It was once traded at .60 -.70 cents
It was purchased by a company who is trading at 6 euros in Europe and is in good financial position.
No brainer here IMO
GLTA
This will definitely bounce back. The float is so low here. As the news comes - this should go much higher. 0.0024 is nothing
IMO
GLTA
Look at some of my previous posts (last week). I attached links to their financial statement and company info. the only problem is that is in Spanish since they are a European company so you will need someone to translate. They look good.
This is looking like the real deal here. All the wait seems to finally be worth it. Looking for at least a few pennies on this one but it could go much higher.
The new company trades in europe at 6 euros per share.
A lot of future and tarot card readers here. They know everything - and of course, they absolutely know that an R/S is coming.
What a joke !!!!
I agree.... with some good news this should fly much higher very quickly. The float is way too low.
Looking for a good week next week.
Have a good weekend
Dollars of course - it is trading in the US so it has to be.
I just want to see this trading at 5 cents and I will be happy
BYSD - big news coming - possible buyout/merger
Let the buying begin - IF they were bought out by a company who is trading at 6 Euros a share in Europe - It will be great for us.
Bingo, that's it.
We are going that way too - in about 5 years we will be using IFRS too or something similar to it.
No no not a company, IFRS are the accounting standards that are used in Europe and pretty much everywhere else. In the US we use GAAP.
I said that because financials prepared under IFRS are somewhat different than the ones that we usually see here. It seems like their financials are prepared using the IFRS standards obviously, because they are located in Europe.
These are their financials. They are not prepared under GAAP they look like IFRS financials. It looks like they are doing well.
http://www.cnmv.es/portal/verDoc.axd?t={41cf47f9-db4d-4cd8-ac7a-72fc0c750934}
The company is a Spanish company headquartered in Madrid. Its an investment company and seems pretty successful.
See the link below - click on the PDF. You will need to find someone that speaks spanish to translate it for you.
I think this is good news for all of us.
GLTA
http://www.cnmv.es/portal/Consultas/IIC/SociedadIIC.aspx?nif=A-26317255
It was actually a very accurate comment based on your prior post - I even quoted you.
Are your comments inaccurate ???? You tell me, especially since you don't look at any evidence because you don't need it.
LOL that was funny " I know what I know and I don't need to actually look anything up"
That sounds like someone who I want to tell me where to invest.....especially, when they are not even investing in this stock.
You were right !!! The name did change but the symbol is the same.
I did a little research and found that there is a spanish company with the same name that trades in europe. the price is over 6 Euros per share. Maybe they sold it ???
If the share price is the same, that would equal to about $8 per share. I would certainly take that and retire. LOL
Interesting though however I think it is just a glitch in Scottrade since All other providers still have the same name.