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Looks like this one refuses to quit.
Excuses, excuses. The company better know that, as develpments have been announced, constant news should follow or atleast some kind of updates, once every week or so. 16 days is too long to wait for updates since the last one. Prices will dwindle in this case. This is a good time for "SITS" to begin buying back unless they see this going lower before they do. What's that telling us?
We're way over due on this one. Time to shine now.
Common sense should tell the ceo to produce some real news and updates instead of playing tricks on it's investors by creating a website that appears and disappears as a way to make us think something is coming.
Could the website keep going on and off be the only thing IJJP got going for itself?
OK. I'm sure news is coming soon. The company did say that sometime at the end of this month they we're gonna partner up with another company dealing with monitor devices for inmates.
I will load up aswell at no bid. "No Bids" are doing nicely these days. They're becoming the new penny stock bulls.
I've seen two other "no info's" go from .0004 to .001 in one shot. Hopefully Ijjp can follow.
Please tell me this .0004 causes the run we need.
Hated i sold my shares @ .0005 but then again it dropped from .001 down to .0005. What was a suppose to do? There was no news to go by.
The best way in determining a good price to sell your stocks is by looking at the market cap as a whole. Companies who don't give any information has had tendencies of running market caps up to beyond $10million which ran "pps" up to around .01 even with a billion or more shares outstanding.
Those companies who only give limited information about their company can see a market cap of around $20 million or a "pps" of around .02 even with a billion or more shares outstanding.
Now companies like "SITS" who are current with information. Who not only report new developments and business strategies, but one's who also report how each and every share is accounted for. Investors will know just how many shares are out there and how those shares will effect "pps". What im trying to say here is it's good for investors when we can calculate potential pps with our calculators rather not knowing how many freakin shares the company has because they're not reporting anything even if the pps is going way up. I'll give "SITS" a market cap of $20-$30 million respectively.
In our situation, we will end up with 250 million shares authorized because the "COMPANY" told us! We know we will end up with 168 million outstanding shares because the "COMPANY" told us! Some of the shares will be burned because the "COMPANY" told us! Some will be restricted because the "COMPANY" told us! We no how much money the company revenue which was a little under $3 million dollars last year and has been the average for sometime now. We know what new business and products we're getting which can pump our value even more.
Let's all get our calculators out!
compute $3000,000 revenue divided by 250,000,000 authorized shares. This should give us an answer of .012 price per share(pps).
Don't stop there! We also know that trading will take place @.012. Although we can't be sure of how much we can run up to based on trading, we should know we will go higher than the company is actually worth with all the trading. This is how every company in any market is survived by.
With a higher "pps" after the major restructuring plus new business plans plus trading plus more news... I will say "SITS" can see atleast .05 sooner than anyone can amagine. I'm shooting for more like .10-20 cents per share. .05 is a givin in my opinion.
I understood all that. All I'm saying is something has got to be done in light of it. Could a reverse split or restructuring of shares be it?
Not sure. What the heck is this company trying to say in their press release?
2013 revenue is $1,999,496 compared to $2,017,614 in 2012. That's a difference of only $18,118.
Liabilities for 2013 is $666,420 compared to $1,537,582 in 2012. That's much better last year being our overhead was down by nearly half.
Now our equity which is the best part is up by over $300,000 at $1,855,311 up from $1,506,796 a year earlier.
How do they come up with the $835,740 loss last year compared to $388,434 loss in 2012?
From the looks of it all, we're doing ok financially. Seems like the next step the company should consider is burning like half the authorize shares. That should get this boat moving.
A bid of .0003 and a ask of .0004! Oh, shucks! I think we're about to see a fire!
We're not going anywhere unless some news come soon.
Has anyone seen the latest website? Lot's of information on the conditions of people living in third world countries. Most of whom are in need of lots of medical attention and other survival tools and resources. What are IJJP's attentions here? Are they trying to get grants... to help these folks or are they simply educating the world in order to receive education grants for us?
I'll buy some when the price drops below .001. That's when you can really make some money with this stock.
That's past tense. Where are we headed now?
You mean .02? You scaring everyone when you say "charts show .002 if we break .009".
Yea, right. Where's the news on any of that?
I believe i tried correcting you in other words. It was both the outstanding and the authorized shares that will be reduced. You thought just the authorized shares would be reduced. My only mistake was the new number of shares as a whole. I stand corrected on that. So the new outstanding shares will be reduced to 168 million shares. Down from 188 million shares. The company still have 500 million shares which could be dumped if they wanted to. Instead, they will burn half those shares, leaving the new authorize shares to 250 million shares that the company has to dump. In all, we would have about 420 million shares around the company. That's both a/s and o/s. I don't see the point in the company buying back any of our shares being they have eneough to sell themselves unless they are simply concerned with the number of shares in the float. That's nice.
No! Your wrong. The company said they would burn half the intire authorize shares. That's both outstanding and whatever shares the company have in their pockets. It was 500 million so now it would be reduced to 250 million, no matter where the shares landed. I find it so amazing how companies do this, considering neither one of us will lose our shares. As for the buyback, we don't know how many shares the company will pick up. They can't even be so sure themselves. They will just have to bid and try to purchase just like any one of us will. I know the company stated revenuing about 3 million dollars in their last financials. I'm assuming every bit of that will be recycled back into the company as capital to buy some shares back, considering the company will be left with none after they dump the remainer of their shares before burning and buying back. I believe they will atleast recover several million shares in the process. Just my oppinion however. Please don't quote me on anything. Just stating what i see. Hopefully we all can make some money here. I'm pushing for the dime at the end of the day.
So where the heck is all this volume coming from and who's selling and for what reason and to whom are buying and what for reason and where is this company headed and under what conditions and who are they filing with and what are they filing?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
I wonder how many billions of shares have been dump the past several days.
Not sure. We really need for this thing to go way beyond .01 and not below the penny after such awsome news.
What they need to do is stop procrastinating and start burning those shares now and begin the buy back now and discuss the new business right now.
Any FBI investigation is irrelevant at this point. Now that it's in the hands of GREY markets, it becomes a city of refuge if it had any fed issues in the past, not saying it did.
Better see this thing tading in the .00 tomorrow or else.
This company need to produce some news by yesterday.
Where do you see there isit a 8?
I'm confused as to why im seeing .20 on the ask in my brokerage account.
YES! Actually they can convert to any market even though they were once "grey/gray". They would have to do tons of house keeping before being invited back. That may never happen, but sure is a possibility. "Grey/Gray" is nothing more than a old fashion stove and our shares are sitting in an old pot on the back burner. That's why shares can be bought via grey markets because someone got some inside info that a company is wakeing up which is perfecly legal in grey land.
The only thing is this rocket seems reluctant to reach .01. What gives?
Now some news would be nice.
And you know this how?
Based on the volume and pps increase today, i sense news coming soon.
HAPPY, HAPPY SECOND QUARTER! WE SHOULD SEE AN UPSWING!
You have to be careful when you say "a little bird said". It would be sad to see someone get in trouble for inside trading/ information when dealing penny stocks. For your sake, i wouldn't want any news on May, 15th. Earlier would be alot better.
Go IJJP!
Chills are a joke in penny land. Never have announcing chills have been removed been able to effectuate any stocks. I've seen stocks run while chilled rather than run once announced it has been free of such chill. Let's not focus on goofy chills. There's obviously something in the works here. Why is the website keep coming on and off like a bad light bulb? Brings some news, why won't they?
Even with hundreds of millions trading starting @.0006 as the open? You may want to say .001 for the close.