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"Way" and "you are welcome".
From 40 million to 61 million was all .0004s. That is 1/3 of todays volume on the bid.
To CourtesyFlush: I mentioned it in an earlier post. I have no idea if one is coming. I owned this stock for years and went though a r/s. I feel there are to many outstanding shares for this business model. The business model is very weak and smells fishy.
SMVI: With aprox 3 billion shares out there believe me, there is plenty of selling left to go. Be very carful.
Wow, someone just bailed out of SMVI to the tune of 20 million shares and counting. Quick, someone buy so the big boys can make money before SMVI goes to .0001
To Infinity and Beyond or, Dead Cat Bounce. Either way, good luck. weeeeeee
SMVI's 4-11-2014 "New Pursuits" Plan: Lots of catch phrases like, apps, social networking, new compelling business areas, mobile websites, etc. They do talk about complimenting the PetsPlaces.com website with a mobile website. Why? PetsPlaces.com is a ghost town. They talk about launching an IPhone/IPad platform but they do not say what it will be for? They go on to state they are exploring new endeavor's and relationships to launch additional mobile websites in the next 60-90 days. Long on promises. Seems like an advertisement? This time they say Jericho, NY at start and web address at bottom.
SMVI's shareholders 3-26-2014 update: No content, reads like a advertisement. No address, phone number or other contact info except for the .com address at the bottom. The "lawyers, accountants and advisors" sentence, seems like they are building and advertising team to promote a shell. Maybe they are working out of there home?
Filings: The strategy to file and bring SMVI's paper work current, and up to shall we say, "market standards" is tough for me to grasp. If Thayer does this, then I would think eventually, that would mean the stock price would have to be brought to market standards. There are only two ways that I know of to bring the stock price up. 1...The company performs so investors, and not just traders, want in. 2...The company does a reverse split. I reread the three news releases last night. I did not like a lot of what I read, but one of the things that stood out was when they said they wanted to hire lawyers, accounts and advisors. This to me sounded like a CEO/Company "fishing" for a direction. And if true sounds like an expensive way to fish. Just a observation. If I may lighten the mood? Maybe the company would want to hire, Kenneth Lay, Andie Fastow and Shilling to fill those positions. Those three have experience in that kind of job.
To Reindeer830: I agree with most of what you say. I agree with the micro penny stock strategy for sure, especially over the lottery and even big cap stocks. The bang for the buck is huge. One must be carful that SMVI trading does not get halted. I reread the 3 SMVI news releases last night.
Flip side to this coin: Lets say that SMVI is being run from a very nice quite suite somewhere else. The UPS Po box is just for mailing, they don't want to be bothered. The company has some very bright computer nerds working for them, and they have a very good idea brewing. And they are good at keeping secretes. This could happen. I kid you not. I am serious here. I cannot predict the future.
SMVI: To infinity and beyond.....Weeeeeeeee ;) Think about it, if SMVI goes to a dollar we are rich. And its a multi billion dollar company being run out of a UPS po box. Weeeeeeee.
Hear me out: You have 1 million shares. SMVI has a reverse split. now you have 100k shares or even less 10k. Now the stock continues down, (they almost always do after a reverse split) back to this level. Now what do you have? To cost average like I did. I was lucky, now you all are going to test that luck on a company that has a UPS po box and a web site like petsplaces for a future with your cash. All I can say is good luck to all of you. I truly hope it happens your way.
You are so right GTT, timing is everything. Also one makes money on the buy not the sell. If you buy right then the money will come as you probably know. I believe it will be very hard for this stock to reach its high of .0027 unless the fundamentals of the company change.
Called My Broker: He said he could find nothing. Last news was the companies 5-6-2014 news. Read it, they pin there "hopes" on there PetPlaces.com web site. That web sit while operational, has little or no traffic to speak of. I stand by my previous predictions for this company in my earlier posts. I am satisfied I sold after so many years of waiting, and I feel lucky I got out with a profit.
ITS A UPS STORE, I JUST CALLED: The phone number is 516-681-9222. Jericho Commons New York. The girl that answered would not tell me if Social Media Ventures Inc has a box there but she said they do rent boxes out. I read SMVI's address to her and she said that was her address and the 207 was the box number. You can also see the place if you type the address into google.
Thanks stockyard10, I thought someone would find that amusing. One of the two stocks I owned....kidding.
WarMachine: You are right. It is a UPS store. I went to google and entered the SMVI address and bingo. UPS store.
freshcoat, Facts, hard facts thats all you are asking for: I want to know as well, what news it coming or is this a "dead cat bounce"? Seems like facts are hard to come by. Truth be told, no one knows what SMVI will do. I am just going by what I have read. Will I rebuy this stock? "maybe, if"....The company proves itself to me, and so far it has not. And it must do that with news that has substance and not with the news they have posted so far. To me it seems like the company it trying to pump up its shares, like some posters on this board are doing. That makes me nervous. Other companies have done the pumping game. ENRON
To freshcoat: This is the way its been here. I am sure you have read the three press releases. To me the company is full of promises, and so far not the most creative business ideas I have seen. The folks here must not have sold when they should have, and are now under water. Unrealistic dreams will cause that. Anyway, they seem to be posting anything to try to get others to jack the stock price up so they don't loose money. I guess they are trying to get out at others expense. I'll let you be the judge or all this. The stock may run or not, I don't know, but to throw out bogus news is not right in my opinion.
Everyone should read post #37636 by Mark280z: He did his homework. This is what I went though with this stock and it took years. I bought a little up high. Had reverse split. Waited a very long time. SMVI's stock tanked. I loaded up at a rock bottom price. Got lucky with this last spike and sold. To those of you that think you can load up at even .0001 and make money think again, and it may be a long wait. Now I look at the current business model and think how shallow it is. Apps, planning and searching for news that will jack the share price up. Wouldn't it be better to wait until the news hit, then catch what you can rather then risk owning the stock hoping the company comes though with some news?
To Mark280z: I went though all that. Lucky for me I bought big real low and got out at this last bounce. Long wait for sure. I saw nothing in the current business model that made me think this stock would sustain a much higher stock price, and still way to many outstanding shares.
Revised Prediction for SMVI company/stock: Stock will languish and begin to trickle lower as well as volume. Bid/ask may even from time hit .0001 x .0001. Company will have fluffy news from time to time. Insiders will sell into any strength and volume the news produces, making the top of each bounce equal or lower then preceding bounce. Retail investors will begin to loose interest and patience and start liquidating there shares.
To Inde1, "you are kidding my right?" You are comparing SMVI to FB and Twitter???? I agree with you that the right apps can make money and lots of it. But to compare SMVI with companies that have billions of users, come on lets be real here. SMVI's PetsPlaces site hardly generates any hits at all. This company can have all the advertisers in the world and without hits will generate "0" dollars SMVI needs some substance to its news, tangible strong forward looking strategies that perspective buyers of the stock, and even momentum players can say "ya, that's a good idea". Either that or do a reverse split. "very good points".
Even if you get this stock at .0001 it will still be a loosing trade if the company announces a reverse split. The three news releases the company has had so far have absolutely no substance or money making strategy behind them. Apps, come on, every body is making apps. I think some of the pumpers are momentum traders that got caught and are now looking to get bailed out. Good luck with that.
You are right I did, because all the hype in the world can only sustain upward momentum for so long, then there has to be substance. Traders generally do not stay in a trade long. I would not want to be sitting in the red on a 10 million share block hoping for a bounce, and a reverse split is announced. Once again, this is just my strategy. I got lucky and made money on this one. Good luck.
To MattTrades4Profit: I understand the difference between a trader and a investor. But a trader is still betting a stock is going one direction or the other. SMVI may indeed have a bounce in it coming up, I don't know. I do know that I sold because of way to many shares outstanding along with a healthy profit. I still believe with the given business model the company cannot support much of a share price with so many outstanding shares. I was going to buy back a double position, but once again the expectation of a reverse stock split has hog tied that idea. Good luck.
I just got out of SMVI's PetsPlaces.com web site. Go there and see what you all think. Is there a lot of traffic? Are there a lot of threads? Are there a lot of members? Is the site interesting? Does it have a future? The answer to these questions will make the stock go up or down over time. The way this website will make money is with members, and it will need a lot of active members to generate the kind of revenue it takes to prop up 2.6 billion shares.
Also, if SMVI wants to be a big boy stock the price per share needs to go over one dollar. Two ways to do that. #1....reverse split, (very easy to do). #2....The company starts increasing its revenue and performance, (much harder to do). Once again, this is just my opinion.
To Inde1. I agree with you. It is up to us as stock pickers to decide which company and its business model will succeed, and what ones are fluff. I would like to add, I wish no ill will on this company and its stock and good luck to all stock pickers. I will reiterate, my post was just my prediction.
To Inde1. I respect your opinion but I stand by my prediction. And thank you for the welcome. I will go a step further and add that the company will do a lot of predicting, promising and planning. I hope for the well being of you share holders they are able to execute.
MY PREDICTION FOR SMVI: The stock has way to many shares and therefor it will have a reverse split, (bad). If you have a million shares you may end up with 10k or less. Sure the price will be higher but stock holders almost always sell after these splits. The price will go down from the split. The company will probably not increase its membership enough to meet expectations,(bad). The company will throw out news that sounds positive but lacks substance. WHAT YOU WANT TO SEE FROM THE COMPANY: Membership increasing news and soon. Revenue growth, and other positive company news. If you can get this kind of news it may stave off the reverse split. Good luck to all.