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I guess we need an ASK slapping party!
so 1MM shares on the buy and we're at 16's again?
Can anyone post an L2? These MM jerks keep changing the price for no reason!
Just added another 500k. See the ticker?
Reminds me of a poker type game called balls we used to play.
I agree, I've seen ASK ASK ASK ASK ASK, and then they lower the price? I've seen them lower it when buys far outnumber bids. They just are in a position of power where they get to make money by determining the prices regardless of S&D.
In the green as of now...up 7.57% at.0199
STOCKCHARTER, you better have them release some news about revenues and ASAP! Hold your shares boys!
Its a great time to add and average down
MM's taking everyone on a ride today so they can profit at everyone else's expense.
what is going on?
Lots of eyes on this today, lets go IDCN!
Mine. aka Not yours.
Also, what is wrong with you Beer? All you do is find ways to bash other people's ideas and question their figures. Always have negative things to say about the stock. Sounds like a cheap ploy to get people to sell their stock. Well guess what? I'm holding long here, along with many form this board. Why don't you do some DD yourself and prove its NOT worth $1? Call the company yourself and share the results with the board. Do some DD like others and find out how FREAKING HUGE the UMC deal actually is. Heck, WDRP is PUBLICLY saying fair price per share is $2.00!!! So why don't you call them up and tell them they are liars?
WRONG WRONG WRONG Beer. You never take the annual revenues for pps calc. Imagine buying a beer company. You don't buy the business for what the company will earn in one year. That'd be 100% ROI in 1 year. You almost always base it on 5 years. So my calculation is spot on.
Everyone values it differently. I'm sticking with a little more than $1 long term. $0.10 cents short term.
Here's how I calculated it loosely:
$256,146,810 (Revenues from existing contracts)
+
$190,000,000 (Estimated US Revenues)
Divided By
642,500,940 Outstanding Shares
= $0.69 Revenues per share
Most stocks have historically traded 10-20x revenue per share
WDRP in their press release, says 5x revenues is fair and easily sustainable.
$.69 x 5 = $3.45 per share
Computerbux's personal 1/3 B.S. Rule to account for fluff = About $1.15 a share.
Thanks for the update Quinn, do you have any more information from your conversation with IDCN?
It depends. You can certainly give value to intellectual property, and in this case, it may be patent rights to microwave technology applied to water heaters. If the prototype does everything its supposed to do, then the sales and distribution agreements suddenly carry more weight (more than $1 per share by my estimates). I would certainly assign more than $.017 to a patent of this magnitude, especially with so many agreements already in place. I'm thinking not many people are aware of this technology, but if they were to become aware through a marketing campaign,... I am thinking more like 10 cents per share.
When the rubber hits the road this company is going to be worth its weight in gold. I don't see any reason why we can't hit 10c this week
Several people, including myself and BIGMONEYPLAYER had issues trying to buy at the ASK the last few days. The only thing I can think of is the MM's were out of shares and no one was selling?
From STOCKCHARTER:
"THEN there is visible gold all over the property and this is mainly where the 1.34 ounces of filed gold claims are in the dirt. You should be familiar with the term "HIGH GRADING". They will actually have to hire someone on the property to stop the stealing of visible gold"
That's like stealing church pews, selling them in the open market, and then tithing back the profits.
Ha! LOL! That was a good one.
As discussed with SCG, the MINIMUM amount of gold in the plain old dirt is 1.34oz and is about $14MM divided by two (IDCN and Thunder Bay). However, he said the sampling was aimed at the ore rich deposits with up to 200 oz per ton, which brings us to about $1B to $2B worth of gold which is about to be processed. This is HUGE!!!!!
Companies have historically traded 10-20 times revenue
In post #25785
Neil I think Pilot has just showed us that the magnitude of this deal is bigger than any of us thought on Friday. IMO, this is going to run huge, especially if they follow up with an explanation on how big in $$ this really means.
True, he did say that!
I don't know. Let's ask. Stockcharter, do you have a response to Free Nebula's Question?
So now you have it, directly from Stock Charter Group. This think should be trading at about $0.02 to $0.04. This week is going to ROCK HARD!!! Mr. T Pities the Fool that bashed and sold this stock early, because they will have to chase next week. Congrats to all of those who held long (pats self on back). Go IDCN!
Once again, the bashers and those who refused to do some simple DD sold and now they will be chasing. This stock is heading straight for $1.00 in the next few months!
Anyone have an L2 showing buys/sells for the day?
I'm going to buy at least another 2 million on Monday morning
So, let's do the math, 10000 tons of ore at 1.34oz per ton at $1100 an ounce or so....
$14,740,000
I knew it! Buy! Buy!
I also called him and he said the info about 500k in revenues isn't even 1% of what they do. More like 500MM. Also, they said they have hundreds of employees, and will hire hundreds, if not a thousand more for this deal.
Done! Just got me more shares at the ASK
22's up! Keep hitting the ASK! Anticipation and Accumulation are growing! We're in a for a GREAT afternoon!
18's falling. Should see 19's soon.