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Even moderate selling would take this down very quickly. I would submit holders are so far underwater that selling at this point wouldn't matter much. This is a very common phase in the death of a dump. Crow is in the oven.
Well this certainly isn't a surprise to those of us who have closely monitored the historical performance of the CEO. Par for the course actually. Try as I might, I just can't get optimistic with the "over promise and under perform" style of management.
Why not just post a transcript it's not like the connections in the past were top shelf. Have someone from the secretary pool at headquarters type it up.
To be honest, I have never thought Corey had any specific experience at all relative to what he is trying to accomplish operating out of a UPS store. Either with pinkies or mining. These are not really businesses you want to have to learn on the job and the performance to date reflects this.
Questions Corey should answer without even being asked.
1. You say AFYG is a producer. Tell us in specifics the value of to date production.
2. Have you ever brought a pinky up to currency in their filings? If so name it.
3. You set as a goal currency at the end of the first quarter. Having missed that, what is your new goal?
4. How do you explain the poor performance of the stock since December?
You can easily limit by designation the number of participants who can ask live questions as many interactive conference calls do. Hard questions that are submitted in advance never see the light of day.
I will be watching very carefully how Corey explains the effort to get current on the filings. What I am expecting is very nebulous undefined descriptive's like... we are getting close, making progress, totally committed, highly optimistic and so forth. Common pinkie non specific jargon.
Based on performance to objectives as of this date, I am unfortunately not optimistic. I wish I had better news.
Although this recent predicted development is certainly a negative one you have to take into consideration that AFYG has never had a real conference call anyway. You know, one where they answer questions live from conferees. What they have been doing is more like a radio broadcast with the one coming tomorrow on tape.
The next sign I'm watching for is the cancellation of the free AFYG L2 service.
In analyzing the AFYG L2 over the past few days it looks like there is a reluctance of active shareholders to sell at the bid, assuming as I do that most all are deeply underwater. The big sellers have to be careful here too as they could easily crash the share price with minimum volume. Hence the stalemate. IMO
I never heard that logic before but I guess anything is possible. My opinion of course is that there is no good news but I guess we will see.
It's showtime.
Where O AFYG is your victory?
What is preventing a flood of news and updates before the audit? If they can tell us they painted their 19th century ore car why not let us know the real good news?
T-1 to make or break Friday for AFYG. Corey is going to have to pull something big out of his hat tomorrow or you can stick a knife in this one. Two days in a row without a single trade. There is zero new money interested in this one and it's likely all recent share holders are deeply underwater. IMO
You can just as accurately say the same thing about the bulls.
I would like to see the stock go up like most people but I am compelled to be honest about what I am seeing. It's that simple. If information changes for the better I too will change my projections.
These boards wouldn't be worth much if everyone was a bull.
Did he say how much that ore was worth?
I could be the conference call gets cancelled because Corey is out of the country working on the audit.
Surely they know by now how much that bucket of slag was worth. I would think if the news was good they would be telling us and if it was bad, well you know...........
Two days before a make or break conference call and trading has ground to a halt. It's almost as if someone knows something.
Come on someone paint those .075s and let's declare victory. No takers at .06 so it must have been too cheap.
One thing you can bank on is if there was any good news coming Friday this ticker would already be moving.
Make no mistake, anyone who has a position down 65% and headed lower can be forgiven their angst and trepidation regarding the future. It's quite justified actually.
The only bullish case for this ticker has to be founded on a wing and a prayer. Lowering expectations has not worked in the past nor will it in the future. I'm sure when it drops below .02 it will be all part of the master plan to riches for all.
Discussion of other specific pennies is not allowed but I can tell you in my experience 75% of pennies that do actually report have very dismal financials and are full of disclaimers about the massive risk going forward.
What's going on for sure is both the volume and share price are sinking.
I hope you are right but don't think you are. Also the trend is not your friend and many of the bulls have fallen silent in anticipation of their nasty meal ahead.
I will be here with bells on. How about you if the crow is on your plate? It's already in the oven you know.
Right now I would expect the discussion at AFYG world headquarters is whether to show the actual dismal numbers by reporting or dragging out the delay. Which of the two options would prevent the stock from a complete cave in the longest. Many times in these situations, it's a wash.
I do not perceive that AFYG wants you to know the true value of the company which why the filings are late and likely to never happen.
It's got a great shot at sub penny, seriously.
If I can't get half a buck, I'll ride it to zero.
I have never viewed this ticker other than a pump and dump. In hindsight I should have got out around .18 or so but I thought they were going to make a better effort with the pump. So missing that, I sold enough of my position to break even and have held the rest. I'm playing with the house's money so to speak. Would I like to see it go back up? Yes but I'm not willing to pretend it's something that it's not and see good people get fleeced. At this point my opinion is it's a P&D and a poor one even at that.
If you look at the price action since AFYG's unexplained resurrection it's a hard case to make that a bear on this stock like myself is getting desperate. It's the bulls who are running........for the hills.
Somehow bold seems to fall short as an accurate descriptive.
I'm optimistic that you seem to have come to terms with the reality here. As others follow we can put this one to bed early.
Time is running out to salvage what value is left in your AFYG shares. When they have to announce this Friday that they are still not able to get current on their filings or they don't even have the conference call, it will be too late. IMO
If this Gizmo actually worked new car manufacturers would be all over it. The fact that they aren't should have told investors, years ago.
Price action proceeding as predicted, bulls on their heels and appropriately without words or excuses. AFYG chortling its death rattle.
Well it sure didn't take long for my latest prognostication to come to fruition. I'm evaluating at this point what would be worse, missing the projected completion date as Corey admitted to in the last conference call or just having to declare one has no idea when something will get done. To lead shareholders to believe it would be accomplished in the first quarter was a management error that has damaged public confidence in the team (as reflected in the share price). In their defense, this happens so often in penny land, I refer to it as "the big bluff."
Of course, in the event they actually do file and the net proceeds from that rather diminutive tub of slag pictured in the recent tweet exceeds the cost of keeping the UPS box or as optimistic shareholders refer to it "corporate world headquarters" open for a couple of months, my projections would be adjusted accordingly.
Let's hope we see something real in the near future.