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Just learn from it.
The main thing you want to take from this is to NEVER use the word 'invstment' and 'pinksheet' together.
You will ALWAYS lose if you 'invest' long into a pinksheet. All of them are scams, and the only ones that are not are the ones that have been delisted from higher exchanges and are either on their way to BK, or trying to get back up.
Now, with this said, you CAN make money on pinks, but you have to get in and out FAST. At most, swing trade. But to stay in a pink long term, you will lose everytime.
Take this info with you as long as you live, and you will do much, much better.
Let me guess. He is in New York, very busy, negotiating either funding for aggressive marketing/sales plan, or negotiating financing for a HUGE advertising/product launch campaign.
*yawn*
Many are not doubting a few on here at one time did receive their orders. I posted in regards to this.
They have to do SOMETHING in the early stages to try and convince potential investors to buy their stock. They spend a few thousand dollars on a small company to produce a few boxes of veggie dip and slap on a label. They then spend a few hundred or low thousands more on shows.
They then sell shares to investors that believe they are attempting to become a large volume veggie dip seller, and make a few hundred thousand dollars to low millions on selling you their shares.
They then pack their bags, wait a year, then find a new product/service, find a few new CEO's (frontmen like Paul) and rinse/repeat.
If anyone was naive enough to believe he was actually buying more. It is just a ploy amatuers use to attempt to convince others to buy because one or more others are buying and the belief that now is the time this will shoot to the moon.
In reality, he probably had 1000 shares, or 10 bucks worth ;)
Look at their past financial and tell me why you would put another dollar, let alone quarter, let alone dime, let alone nickel, let alone penny etc... more into this.
They have NOTHING on the table right now except the US Department of Defense (Navy) mobile filtration contract. Their are multiple companies competing for this project. It is ongoing, there is no guidance of end-point, and no firm understanding of if they have a chance of actually landing something out of this, and if so, if it will even net a profit!!!
The cannot even make a profit off their LAST fda approved water filters!!! Their sales have been absolutely, positively stunningly underwhelming, and are now flat!
They have nothing on the table but the navy gig, and have shown that even if they DID land something (get approved) they do not have the competent managegment execution to execute a profitable marketing campaign!
I was long in this for a little over a year, and actaully made some decent money. I 'could' have sold for a huge gain, but like most everyone else, held on for FDA approval all the way down to a little over a buck until i finally sold.
Anyway, good luck with your investment decisions, got to run!
Wow, thanks. This should be forwarded to the SEC for 1 reason....
Enforce all Chinese stocks to NOT trade on US markets because of this corruption. If this becomes even a remote reality, then China's government/other firms that ARE legit would aid in doing something about scam companies like this.
This just pi$$es me off.
From a former shareholder point of view, i personally really cannot believe why people are still in this. Honestly. IMO, you not able to buy more was a blessing in disguise.
They said they were going to give a divy, even though they never intended on it. Followers bought shares, and they dumped all their free shares on them for good prices.
They made a KILLING lying to investors. What is the SEC doing? If the SEC cant bust a racket this obvious, how in the world can they bring down a real company? Seriously!
I bet all of us at one time or another wish they could stick their fist through their monitor, have it travel over the information highway, and come out of *someone* elses montior!
Speaking of the obnoxious KingOfBagholding, where has he been?
What does HEB have to do with this?
I was once very long HEB. I have to give HEB credit, they presented their product much better than what it really was.
I began to wise up and learn their ploy when they started pumping Ampligen with connection with the flu bug. They then used one doctor in Japan to come out and praise Ampligen. They then kept using that source over and over.
It just started to make too much sense that they were attempting to promise Ampligen could be used with any newest, greatest buzzword illness during that period of time.
THEN they started saying that Ampligen then could be used in conjunction with other bios to fend off cancer.
THAT is the point i stepped down from being a long in HEB. They were just pushing Ampligen at every illness, raising anticipation and awareness of their company, raising their share price, and dumping stock.
Took me a little to realize it as they did a bang-up job, but it just got too overwhelming - all this great stuff and articles etc.. and yet, NOTHING to show for it.
Now that i explained myself when i did not need to, what is your point or what does it have to do with THIS being one of the most obvious scams on the market?
When will a handful on here realize they are not in business to sell t-shirts. They are in business to sell stock.
Oh my. Do i need to pull up your posts where you URGE, BEG people to buy this because it is going to the MOON!?!?!
WOW. You, sir, are.......
Notice on ALL their plays, EIGH now, EIGH of old (cb8k), Petel, Convergence, Medify, whatever one they had their RFID scam under, Bookeeper, etc.. They use the term THE BOARD. THE BOARD is one person. Thats it! It is JB himself, no one else.
I cant believe they are still issuing more bogus news so they can unload more shares into the sheep hands. Rent must be due in Barbados, or the lawyer fees are getting too high.
I cant imagine the share count now in this puppy. Smart of them to gag the Transfer Agent long ago so it is not publicly discussed how many shares they are dumping onto the public.
Ahhh Shucks, no Bear Raid! Hope you guys get a BULL RAID at close!
Good luck over the weekend folks. I hold no shares, was looking for the bear raid unfortunately :(
This company is NOT going private. They cant! Their business is selling shares, NOT product.
I am gong to predict if one happens it will be around 2:30 pm, plus or minus a half hour.
Screw 8 trading days! I only want to be in this for 8 trading minutes!!!
BRING ON THE BEAR RAID!! IM READY THIS TIME!!! A mans got to eat and provide for his family! BEAR RAID! BEAR RAID! RAH! RAH! RAH!
haha!
On a serious note, good luck to all holding. Hope you guys get approval and it shoots to the moon!
WHERE IS MY DEPO BEAR RAID!!!
Like i stated long ago, this is a typical pinksheet scam where they spend a few hundred here for a few sample products with a label, a couple thousand there for a few road-shows where they appear and display the few products they had specialty made for them.
Total Cost? Approximately $10,000 to $20,000 dollars.
They release a few press releases full of pump n dump jargon that is obvious to some here who have seen it one to many times, but the newer investors eat it up and get excited, hoping to make thousands on their investments!!
And the real business arrives - the people behind this sell shares to the newer investors like mad, and make a killing.
Total revenue? Approximately $250,000 to $500,000 in shares dumped onto the public.
Then they let this die down for a year. They find a new business. They rinse and repeat.
sell and move on?
With DEPO's decision falling on Sunday, im curious if a bear raid will take place Friday. Ill for sure have some funds ready.
Wrinkles,
Do you by chance know who that is in your sig in the 'Mens Room'?
WOW!
Geesh, did i get lucky. This appears it will easily recover to 6+ territory given that DEPO really holds all the cards, not ABT.
Ironically, DEPO could actually end up in a better position if Abbott does walk away and they get a favorable court decision.....
Should the parties be unable to resolve the matter through mediation, the agreement provides that the parties submit to binding arbitration. In that event, Depomed believes it would be entitled to seek damages that would include lost royalties and milestone revenues it would have received had Abbott performed under the license agreement
I picked up a measley 500 shares at 4.70 because i think this is overblown.
Not good news for depomed at all. Basically there marketing partner Abott does not think it is worth the time/effort to sell the drug. They do not believe there is enough money in it for them, and question making a profit, which tells me the market cap and penetration for the drug, even if approved, is small (they believe that).
Not good news at all.
This is definitely not identical to POZN and AVNR. They happened not only quicker (within 5 minutes) but happened on MUCH higher volume and MUCH more drastic price drop.
This may not even be considered a bear raid, but possibly 1 or 2 major players getting out while the price is still good, and while they are up, locking in profit and taking no risk of negative decision or CRL.
With that said, if approval comes early, like 2morow, then i would conclude that this was in fact an orchestrated effort to bear raid and pick up cheap shares.
BIO investing sure is crazy.
LDK to the moon baby! Solars up big!
it will be very interesting to see DEPO play out, and if it does exactly the same thing that POZN and AVNR did, Bear Raid previous business day, followed by approval, i think it really, really reinforces trading strategies of these plays going forward.
Suggested DEPO strategy.....
DEPO is a 'more than likely' drug approval candidate with a PDUFA date of January 30th, which falls on a Sunday.
The last 2 'more than likely' drug approvals, AVNR and POZN, encountered a very strange trading pattern the business day before approval. Basically, it seems word of approval leaked, and a bear raid was flawlessly executed midway/late during the previous trading day before the PDAFU date.
Both AVNR and POZN saw their stock prices reduced by about 50% within a 5 minute period - perfectly executed/orchastrated. Both then slowly rebounded to almost reach the price it was at before the bear raid.
Now, my suggestion to those here, is the following:
- If you do not have funds on the side, sell all or part of your current DEPO before January 30th, which is the business day before the PDAFU date.
- Watch DEPO closely. My guess is there had to be an approval leak that gave the go ahead for the execution of the POZN/AVNR raids. Without approval leak, i do not believe it happens. It is just my opinion, as there may not have been a leak, and the raids could have been setup to execute regardless, banking that POZN/AVNR were going to be approved.
- As stated above, either watch DEPO very, very closely that day, or if you cannot, put a large buy in at 35% - 40% discount of the opening price.
- Sell all or some on the rebound up. Hold zero or little for the actual decision.
IMO, this is extremely low risk, and extremely high reward. If the raid does not happen, well, you do not make anything, but you do not lose anything. And if the raid does not happen, IMO, it very well may be a bad sign - that approval is not happening.
AVNR and POZN had raids, ALXA did not. This is a very strong reason why i think there was a leak and not just executing a raid on a strong approval guess.
This is again, just my opinion on a very solid strategy.
Thanks for article. Its too bad US manufacturers cannot compete with China. First Solar is the only manufacturer so far that is able to compete, and i myself wonder how long they can hold off the PV makers, and thin film is not as efficient as PV - and as PV prices come down, First Solar will also collapse IMO.
I think its a trust issue. If investors 'trusted' these small cap asian stocks, then the fair price of this would be $20 bucks.
That raised guidance over the already raised guidance for 4th quarter is just absolutely phonomenal!
Most undervalued midcap/large cap on the market right now.
Shocked the SEC has not busted this up yet. Gone for 3 weeks and did not expect this to still be here. They are dragging on this one, and the evidence is so blatantly obvious. You do not have to look much further than there own press releases or trail of pump and dump promoters.
Why in the world would they want to stay private, when they can do the exact same thing going public as they were, PLUS have the real side business of selling shares wich is 5000 times MORE money in their pockets than there actual business?
Seriously, think about it.
These guys do not need other jobs after their first pump. They make so much off these, its crazy.
The hardest part for a scammer is to raise enough cash to purchase a shell. After they have that paid off, they are set for life.
Shells are expensive though, so the initial cost is tough to handle.
Dianne, maybe they are not doing anything, and that is why they are not saying anything. Or maybe they did do something, and the results were negative, so they are not saying anything. If something was positive, you can be darn sure it would have been releases immediately. And if it was positive and not released immediatelly, then management is so incompetent no one should be in this anyway.
Basically, whatever the case is, it is not good.
By the way, would you like to be an assistant or moderator here? I no longer have any interest in this as they cant even sell/profit from the only FDA approval they got, and they didnt get the big one and wont, and even if they did, have shown that they cannot market a product well anyway.
If you want this board, you can have it, because this is going to .02 like someone else stated.
I was out a LONG time ago at 1.20, made good money. No hard feelings from me on this one. But i must say, i really thought at one time that this was going to be a great investment.
Good luck all!
By the way, did not or would not recommend shorting this at this price now. What i meant to say is identify what this is early enough (when it was 4 cents, 3 cents, 2 cents and even one cent or over) and short then. When it goes sub-penny, i would never recommend shorting it. Especially at a tenth of a cent.
Does anyone have a valid reason why the name change in first place?
What your going to find is that many of these scams are either legit businesses that are small and 'promise' to be big, based on their aggressive partnerships, marketing, production etc... in the future - or just basically lie about having a business through PR's, and are nothing more than a couple guys scamming from a closet.
This one seems to fall between. They did enough to get a product and present 'something' to the public, taking it to a few shows. Sounds like they have a nice, well spoken guy to communicate with the public also (Paul?). I would guess this costed them $5k to $15k out of their pockets to at least do something like attend these product shows to display to the public some tangible evidence that they are for real.
But that $5k to $15k they spend out of pocket is small potatoes compared to the hundreds of thousands they make from dumping their shares onto the public that falls for what they promise. And they can only get away with their excuses of why the share price is dropping like Bangkok panties for so long. Most cases its blamed on 'MM Manipulation'. The 2nd most popular is
'Short Sellers trying to bash the stock and make money'.
In this case it was neither. They simply blamed the selling on a legacy business holder who wanted to get out.
Nonetheless, there is ALWAYS an excuse as to why the price is plummeting on huge volume once they start dumping on the market.
Now, the best way to make money off this garbage and play their games is to open up an account at thinkorswim or interactivebrokers and short the living crap out of garbage like this. Short as much as either of those brokerages will allow you (let you - as they need shares to short).
Hope this helps, and good luck in the future.
With one last round of a good pump/promo and some more PR lies for the sheep to follow, this could have legs to get back to half a cent or .008.
Will need some people spamming some technical jargon how this has reached oversold, double top butterfly bottom, cylindrical 50 DMA, cup and handle blah, blah blah also.