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That is SOOOO odd. There are many who try to claim otherwise. They were posting that info just yesterday. You don't suppose they were trying to manipulate the price for their own benefit, do you? That seems dishonest to me.
Even better assuming that is true. Nothing but blue skies ahead of us now. We just need to unload Flip and his gang and we will be unstoppable.
We could use some verifiable, no BS, hardcore, undeniable news about any of the many things we have on tap and we'll be rifling through the pennies like nobody's business.
Good news!!!!!
The target price of .0008 x .0009 has been reached which means all those who sold at .0012 will be buying back in preparation for the next flip. It also means their stories will change to display the awesome potential of SSWC.
The other important piece of the puzzle is that of Mr Mahoney. If he owns 2.5 billion shares of our stock, that would mean his shares are restricted since the entire tradable float is only 2 billion. This means even if he has a beef with our CEO, he cannot be selling now.
Things are looking up folks! We should be back to at least .0012 in no time!
Please refresh my memory. Who is this Mahoney guy and what might he be doing in my wallet.
LOL, we get the sounds of silence in October here in Colorado too. By the sounds of things it will be another year of football mediocrity as well. Yippee!
Maybe SSWC will come to life and we can cheer for it pretty soon.
GO Speechless!! Er, I mean Speechswitch.
We need something meaty, beaty, big, and bouncy here to get things moving. Here are some examples.
Retire 3 or 4 billion shares. Why does Ken need 6 billion? Would he rather have 6 billion priced at .001 or 2 billion priced at .03 or so? A little less greed would get him a lot more money!
Finalize and announce the Walmart connection or the pharma deal.
Push the CPA to complete the financials and get the CE removed.
Show some evidence of some actual sales.
This stock has what it takes to reach multi-pennies very quickly but we need to pull the right strings here or we are just going to trip along giving flippers something to amuse themselves with.
BT
Iron, I agree with your PM. It just gets a little old watching the nonstop legal theft that goes on with these pinks by some who pretend to know how to trade.
By sitting tight on two other pinks with the exact same setup, I was able to turn about $2000 into about $30000 in the last 2 years. I really believe this one is going to make that kind of move, I just wish I knew when.
True, but why call the CEO when you can raise doubt on a message board and get weak hands to sell so you can buy on the cheap.
Just more pinky BS.
Things to ponder........
Why would anyone sell 43 cents worth of stock (538 shares at .0008) for any reason other than to force that number to appear on long term charts for the purpose of manipulating the TA people?
Why would anyone agree to lend this company $500,000 at 5% if they were not reasonably sure this company would succeed?
Why would the company need to dilute your holdings to raise cash for the things that are happening here if they got that loan to work with?
Cornell is out of the picture!
Ken is confirming that the tradable float is about 2 billion. The 6 billion that he holds cannot be traded so they may as well not exist. Go ahead, try buying some of them. They are not for sale and that decision is out of Ken's hands for now.
There was one lawsuit for this company to deal with and it is settled at 50 cents on the dollar. There are no other lawsuits pending.
Ken once again confirms Walmart as a player here. Details to be announced.
This has all the makings of a stock that will hit 5 cents in fairly short order. I don't believe it will stay there but I do believe it will hit that mark. I have seen this kind of setup in at least 10 stocks in the past 2 years.
6
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How many 6s would you like to see?
Agree, agree, agree.
Nailed it.
Two thumbs up.
1000% correct.
This is the simple message I have been trying to offer. I will be the guy getting out at 5 to 7 cents and letting someone else get my shares to ride to the top.
Member mark for you for making that so plain and simple.
BT
You'll get no argument from me on a company like this NOT being worth $750,000,000. But that doesn't matter from my experience. Let's keep this a secret between you and me but these pennies really are somewhat of a joke in the investment world. What I mean by that is I can name you some 20 penny stocks that have gone from as low as .0001 to as high as 23 cents but NOT ONE of them was able to stay anywhere close to their high and in fact I would argue that almost every one made it right back down to the double Zs and several back to triple Zs. The trick is to hop on one that has what it takes to gain popularity, ride it through that run, and jump out with your parachute before the inevitable fall that follows. I could name the stocks that have done that but I-Hub does not allow that. What I could not do is give you more than a handful of pennies that actually made it big and stayed there.
GLTY and thanks for the decent debate.
OK, let's try this.
There are 1.5 billion shares available to trade assuming we are being told the truth about the float. Let's say there are 300 people that each own 5 million shares and every one of them has decided this stock is worth 5 cents per share and not one of them is willing to sell at less than that price.
You decide you like what you see and you want to buy this stock. How much will you need to pay to buy any shares of this stock?
Conversely as is the case here, flippers have decided there is a play here that allows them to buy around .001 and sell within a week or so at .0018 or .0019. It's worked 3 or 4 times already and maybe it will continue to work forever. The fact that so many have decided to make this happen is exactly why it does happen. It is how support and resistance work. Support is right around .001 because the supply of sellers is exhausted and the buyers have come back to buy the available shares which is great but the problem comes in when the flippers reach that resistance near .002 and throw their shares back into the pool of available shares creating an oversupply of shares which knocks the price back down.
By selling your shares you are not increasing the float but you ARE increasing the supply of available shares for other traders to buy which makes them less valuable.
Two things can happen that will stop the cycle. A lack of news or dilution by the company will cause the support at .001 to fail which will bring even more sellers and collapse the PPS OR some amazing verifiable news will knock the lid off by bringing new buyers that will create an undersupply of shares and we'll see something similar to some 10 or 12 other stocks that have made it past this flipping game in the last year or so. My money says we'll see the latter but not before more annoying flipping takes place.
Having you agree to stop flipping will not stop this cycle unless all the other flippers stop at the same time and that is not going to happen. It's just the way it is in pennyland but if you were honest with us, I'll bet you would admit that the small amount you make with each flip does not hold a candle to what you'd make if you simply held on for 5 or 10 cents which might happen given the right news here.
Good post and thanks for that but yours is the one spreading false information. You would be 100% correct if stocks were priced by valuation alone but you and I know that is simply not the case in any stocks and especially not in penny land where there is no profit to base a PPS on. I'm sure we can agree that the lack of profit is the reason these are penny stocks to begin with.
In penny land absolutely positively everything is based completely on speculation. Every day there is a new auction that takes place from 9:30 to 4:00 where offers are bought and sold. These auctions can only utilize the shares that are available to trade so the supply of shares is limited to that number. If you are going to fear an excess of available shares consider the difference between the AS and the OS. This is a number of shares that can be added to the float and might affect the value of your holdings. The restricted shares cannot because until they are available to trade, they cannot be considered part of the supply.
Let's assume our CEO is honest in his claim to not dilute by selling those shares that are not yet part of the float. That alone brings many questions to the table such as, why gag the TA if you are not diluting but let's leave that out of the discussion for now. If there is no dilution and if the restricted shares cannot be traded, I think we can both agree that the supply is fixed and the demand is variable, right? Assuming you agree with that premise, you would also have to agree that the PPS is decided by the demand since it is the only variable. This is where the flippers are standing in line to shoot themselves in the foot every time we see a reason to rally. By throwing their shares back into the supply, not only do they increase a supply which would otherwise be fixed, but they destroy demand by creating doubt among those who have foolishly risked more than a reasonable portion of their net value.
In conclusion, it is not restricted shares that are limiting the PPS here, it is the fear of dilution and the act of flipping, either of which can be overcome by the introduction of verifiable news that could come at any moment.
I disagree with this statement:
7.5 billion shares will not allow this to get much past a penny.....even if ALL the good news on the horizon comes about....
Thanks! Done and done...
Dear Ken,
I know you read this board when you are not too busy (why on earth would you not!)
Based on what I know about this company and your history, I am confident that we can propell the stock price to at least 15 cents in fairly short order but we need your help.
I recommend you retire 4 billion of the restricted shares post haste. This would leave you with 1.5 billion restricted shares. If you sold all of those shares at 15 cents each in a year or two, that would net $225 million. As they said in the movie "Wall Street", "How many yachts can you ski behind?"
I believe a PR stating this kind of reduction in shares aligned with financials that would eliminate the CE on Pinksheets and combined with the awesome and amazing progress we are seeing here, we could realize a jump in the PPS to 3 to 5 cents that would also allow some prudent selling of shares to help fund the company's available capital for growth.
Respectfully,
Beantrader
Dance flippers, dance. You thought it was so clever to sell at .001. How you like me now? (te he)
Thank you SARAGO...
Thanks Warren. That noise is me backing up the truck :o)
Warren, can you PM the info you have been sending out? Been lurking in the background but I have been a loyal and disappointed shareholder for quite a while.
TIA
Would you mind sending me a PM with the top secret info as well? I have been long here for about 2 very sad months and I'm ready for something good to happen.
BT
You're right, this IS huge!
I have to believe the sells that are hitting are from poor schmucks that placed limit orders before they went to work and they will be crying the blues when they get home tonight.
Smart money will not try to flip this one. Not now!
Interview is already on Wall Street Reporter.
Under promise and over deliver. That's our guy...
http://www.wallstreetreporter.com/2010/06/speedswitch-inc-otc-sswc-ceo-interview/
This North Cell outfit has ties to Glaxo Smith-Kline. Not too shabby folks!
http://www.northcellpharma.com/release2.html
Nice PR. Nice website.
And so it goes in the world of pinkies. The smart money just sits still when a company like SSWC comes along because we all know what is about to happen here. When? I'm not sure but if I had to guess I'd say within the next month or so. This Ken guy is the real deal and he is putting everything into play just the way he should.
Meanwhile, the not so bright money tries to look smart by dancing around in circles, dodging from side to side, bobbing up and down, in and out and flips/daytrades a company like this until they have exhausted their resources by paying slippage and commission and finally missing the boat when it does take off. True, the rest of us get to put up with the results of their antics with days like this where we struggle to maintain a decent share price.
The funny thing about all those flippers is how they do it mostly for bragging rights. They want to hit the bars or the boards and tell their friends how they skimmed 5 or 10 percent with these games but they always neglect to tell anyone about the previous trade that lost them 40% because their timing wasn't so good.
No, don't be bothered by these games. Just sit on your hands or better yet, turn your computer off and go mow the lawn. This will take off in time and I think this will be the trade that all the others are compared to by the end of this year.
We are selling intellectual property here, right? If that's the case, there is no need to dilute your holdings to raise money for a building, equipment, employees, packaging, shipping, etc, right?
If Ken gets "7 figures" for the property he referenced in the 6/21 PR, that could be anywhere from $1 million to $9,999,999 of income with no new costs associated, right? If he were to accept that and decide to take a good deal of it to buy back shares, we could quickly be trading a float that is under 1 billion, and perhaps well under, right?
Of all the pennies I have traded, this one stands head & shoulders above the rest. This one could start running and never look back IMO.
I think you meant to say .04 and I think we will get above that mark before EOY.
test
Agreed. If a 50% retracement is our target, I believe we've hit that right about here. I think we will see the sideline money hop back on for the next leg up which should hit the .006 to .0065 area in the next 2 weeks the way it looks right now. I want to see how it acts up in that range.
Excellent. We need Flipper to jump back in the lake so we can take the MMs for a ride instead of the other way around.
A green close today is the perfect setup for Thursday and Friday!
Nope, somebody flinched. It's not going to work that way folks.
Please keep your hands inside and your seatbelts snug at all times during the ride. Do not exit the car until it has come to a complete stop at 5 cents.
Thank you and enjoy.
:o)
See, now what did I tell you about that candle formation?
J/K before I get flamed!!!!
No question that we are moving up on almost no volume at all. That's a really good sign. (This time I'm not kidding!)
Hmmm, I wonder if that would work. I may give that try.
:o)
LOL! Now that's the stuff!
Geez, sorry guys. I was just trying to bring a little humor to this ugly day. I didn't mean to get anyone's hopes up.
Maybe tomorrow we will resume our rally but for now, this stock isn't much fun...
Whoa, did you guys see that on the 5 minute chart? A triple isosceles night train inverted doji candle. I haven't seen one of those in a while. You all know what that means.
Buy with both hands (so I can can rid of this crappy feeling in my tummy) {sigh}