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That is only true once GGI has purchased the equivalent amount of shares at 1.09 per share...if GZFX does not sell GGI "these" shares to obtain funds then GGI has no "rights" to any shares to sell onto the market....
Once GZFX accepts GGI's funds then GZFX has no control over conversions...but if GZFX does not draw upon the "credit line" for lack of a better term then there are no shares to dump....
Then there are others here who believe that since GZFX management has failed miserably to obtain and hold increasing value for its shareholders and its shareprice, and that the full 5 Billion shares registered under the SB-2 will end up being utilized if the current conditions remain.
The shareprice quoted at registration and used for example was 0.0050...pretty much where we sit currently before hardly any of those shares have been sold onto the market or into the float.
I wouldn't advise anyone to purchase shares here at this price until it is clear how low this is headed with the new shares being dumped onto the market. The next quarterly report will give a hint of subscriber increases but even with great numbers selling by GGI into the run will negate much of the upside IMO....
and where do you think those 112 Million shares came from that were added to the float....GGI...which means we must be dipping into the honey pot with GGI...and that also means lots more shares to come!
Hope you are not referring to me....(a him) and cetainly not on any form of probation here at IHUB....and i should also state 100% correct on my posts from last evening....
The Chart here is a disaster...anyone buying into this at these prices doesn't know what they are doing! This goes lower or should that read continues lower!
7X1 0.0008/0.0009
Am I missing something here???? Why the continuous spread and difficulty getting filled?
Are those buys or are individuals selling in between bid/ask???
Never seen anything trade like this.
CYLP drops to 0.0035 on the ask, and i still am not filled with an order sitting at the ask...
An awful lot of eager people to sell at bid today....not sure about close....MMs could take this either way with the willingness to sell at 0.0008 by traders....IMHO
I have had a small order in at 0.0035 for some time now....they won't fill it, but they fill orders at 0.0032???? Too funny....just more MM games....
It is the close that counts....a dip below means little if the stock has a strong close.
So can anyone explain where all the selling came from today?? Was this just a three-day momo play???
That would be the ask, not the bid
you left off weakening/dropping home sales and orders for new homes...another biggie!
0.0050 is next level of support....you still buying retired????
Doubt it!
Yes me too tina, but I am guessing it will be on some other stock not GZFX...or at least not for more than one day that is....LOL....tears....LOL....tears....heavy sobbing...
jrod,
I would also like to thank you for your posts and your excellent charts...I too have learned a great deal from your posts and am usually happy to see you in a particular play.
Would you care to post any others you are currently watching for entries? With a disclaimer is of course fine by me!
Cheers
Regardless of your commonsense (which in this case would be wrong), support was clearly drawn at 0.0010 as was resistance prior to that....
Have a great day!
Last post for the evening....
Right...you can't give me any reason to accumulate now...just buy/accumulate....LOL...and I will be left in the dust...how is that? I already have over 700K in shares all in the red....would love to be left in the dust when this pops....PLEASE BRING ON THE DUST!
problem is that you cannot back up any of your claims....never did and never could....just buy....up up and away...rocketeers...
Maybe you should watch the little Einsteins and sit at your computer clapping on your lap so that the rocket ship has enough hope to take off???? LOL...(joke)...
Edited Message....Well retired, I wish you all the luck....I am not a buyer at this price and believe it will in fact go lower....then I will be a buyer...not now....and not here....
and your answer is not sufficient....and I have been trading long enough to read a chart and to see the overall trend...and to understand what 5Billion more shares will do to the shareprice....
Also trading long enough to know that when and if this pops there will be plenty of shares to go around....no shortage with a float of over 4 billion and a sharprice that has either been stuck 40 % off a penny level or continuing to spiral downward....
There is an underscore between the first and last names that did not show up...
No argument what so ever concerning potential....but this is being played and sold down.....the question is when to pull the trigger and buy....not if to buy!
OK retired....my email address....raymond_boynton@yahoo.com
Please tell me why I should be buying more shares here given that I am currently sitting at a more than 3K loss on this issue.
and one more point....with the current direction of GZFX, why would I accumulate shares here at this level...it just broke down through support at 0.0060 AGAIN (clearly weak support) and is heading lower....based on Level II bids...
Please enlighten me as to what is a good price to accumulate at? and please back it up with good technicals....Given all your wisdom.
OK retired...show me the chart where it shows that this has been accumulating???? LOL...you cant!
you are joking right? Support at 0.0010 has been clear for several days and until today has held and currently is being built as resistance as more MMs are coming onto 0.0010 on the ask...
Huh???? When resistance is broken it becomes support....resistance was clearly drawn and evident at 0.0010 and then became support....and now has been broken....
Anyone else here wonder why the board got so quiet?
Technicals suggest there is more downside here yet to come....possibly...
(1) support at 0.0010 has been broken
(2) Fast Stochs heading lower, Slow Stochs turning and shares were clearly over-bought using this indicator (although some would suggest that it is not the best indicator to use).
(3) MACD is basically at zero and appears to be heading lower....crossover to negative side is often a strong sell signal.
Accumulation/Distribution curved ever so slightly but still showing accumulatin IMO
CMF still GREEN
112 Million...Not BAD???? Guess that depends on how long it took them to add those 112 Million shares to the float....my guess is GGI started to dump shares as soon as the PRs started coming out again...and not until after the quarter closed as others had hinted was possible....
This 112 Million shares added directly to the float is about two weeks worth of buys at the current low volumes trading per day....if the company is just starting the dilution and the shareprice is already suffering (FURTHER)...look out below....
Shake....strong buys at 0.0021 with mirror trades..then dropped the bid/ask...Shake IMO...
Well, while I am waiting for GZFX to take off like a "ROCKET"...I am playing with RMDG....WHEEEEEEEEEEEE....chart is primed for a run!
Now 3X4 0.0020/0.0021 Buyers still at 0.0021! Bid support building, chart is beautiful!
1 by 3 0.0019 by 0.0021...some nice buys at 0.0019 went through!
1X3 0.0019/0.0020 the 19's just went down with a quickness!
Craigs list is huge....we use it all the time!
Unfortunately, it is the fear of the second SB-2 shares and further dilution that is keeping new/old investors from buying in....so we are left with the stucks (like me...who still believe in the potential of the company) and the daytraders and a few new investors who amount for approximately 10 Million shares per day being purchased....
Gonna take some block buster news to make this attractive again as an investment!
It is Not that no-one cares....but rather that the "possible or potential" move to Europe or other english speaking countries has been dangled now for over a year. That is why on one is excited about it!
It was mentioned by Chip in the last WallSt.net interview, it was also mentioned in the last GZFX webcast....however, it is only mentioned in the context of "we are continuing to investigate or look into possible expansion....blah blah blah....nothing concrete, no dates, no indication of serious consideration.....
Would love to see an LOI or a more serious discussion of what they are working towards or even what Managements timelines or expectations are in terms of priortization etc.....but alas...never gonna happen....we wouldn't want to let out any top secrets that might topple the financial status of a foreign government or anything (he said sarcastically)....
For those chartists here....I sent a request to StockCharts to have the "fat-fingered trade" from July 6th removed.....
Also, should not post high of the day for July 06, 2006 as 0.045....everyone here knows it was not the high for the day!
Looking forward to tomorrow morning!
If you followed the thread back, you would see that there clearly are some suggesting that breakeven is 15K because that is what GZFX has stated....so it must be true correct????
I am in agreement with you! also believe that it will happen, just not sure of time frame or the subs required.
I have 200K!
What? Is GZFX selling Cracker Jacks with highly secret rocketeer decoder rings and no one told me? LOL....
I do have one more point to make on the breakeven level.....if investors/traders/what have you....believe that breakeven is at 15K subs...and then it turns out that it is in fact much higher, the pps will suffer more as a result of false expectations.....
we have seen this many times with this issue.....
I sure would like to see some really good numbers this quarter....GZFX has been in CC stores for the quarter, and they should have attracted a hugh response from the Military Family discounts/offerings....
Hope this gets better soon!
The problem with that is that "they" announced breakeven at 15K subs long before the CC deal and opening of several new distribution centers, new employees, additional leases/rent etc....and still no-one calculates the cost of adding subscribers via CC....surely someone has an estimate...from what I recall the previous value given to referrals/affiliates was rather high....
Either way, no way is breakeven currently at 15K subs....cash burn rate etc....has increased substantially since they gave that estimate....certainly I would rather GZFX does not update us on a new figure...personally....
Nice to see this close above 0.0060....sure would be nice if it could hold for more than one day.