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And flippers. Brian's wonderful little divvy policy (which pissed off the MM's), prolonged silence, and letting the PPS slide this far is really going to be a stumbling block going forward. Don't worry - I'm not bashing. I have $15 G's @ into this turd (@.00078 avg.) and I hope it hits a home run. They ain't gettin' one more stinkin' nickel out of me. I bought into this based on last summer's news, a lot of DD, and well as Brian's contention that the PPS could sustain a .0018 level. Yes, that was pre-doubling of the A/S, but even so it should have bottomed out at trip-9's. Live & learn...
Today's exactly 3 months since the last PR (1/26 version). Thanks, SYNJ. Happy fricken' anniversary.
I'll have to agree that the blog from the other site should be deleted. It's unverifiable and heresay at best, although it did contain a few details about Mack's career I didn't previously know. Complaining about the governmental process isn't what I want to hear when I query why things aren't getting done. Mac and Brian should have known these hurdles would be present, and their timetables should be realistic when they PR something or post it on a website for investors' consumption.
But would the release of 2 or 5% (I can't remember) of the couple billion that were outstanding at the time flood the market and cause this to tank to .0001? I don't think so. My guess is that many of the longs who are here today were holders then and will be eligible for the divies, and if they haven't sold at this point they won't after they are made available. Not enough people willing to forsake freebies with the potential upside, IMO.
I know that, but why would that drag the pps lower?
Why is that, antchaos? Not being sarcastic, just want to see if I can understand/follow your train of thought... TIA
Who? Brian and Mack? LOL
Anticipation of a PR this afternoon, perhaps?
We have been doing that, and there haven't been any deliverables so far. Nothing verifiable, at least, and many of us have lost 60-80% of our investment, so we have every right to question what is happening. Throw in a confusing shell game of subsidiaries/mergers, a good dose of silence, a messed up web site or two, and I'm pleasantly confused. When things that "baited the investment hook" aren't getting done (or if they are, we certainly can't tell), we should at least have some communication from the company just to let us know they are still on the right track. That's all. We don't expect to be a multi-billion operation tomorrow, but verifiable notice of progress would be nice.
Who is that directed at, Pamoo? I didn't think anyone was doing anything to warrant that tirade...
Here's an idea...
Last night I was looking around various sites trying to find out a little more about Kingstree. It's a small town of about 3500 people. Also, there are a couple of warehouse companies in the area.
Then, my little pea brain got an idea. Can someone call Williamsburg Warehouse Company (843)382-5520 or Brown Brothers Warehouse (843) 382-2220 and just ask general questions about the warehousing activities in town? Tell them we heard there was a biorefinery going in somewhere in town and if it's not in their warehouse, where it might be.
I'm thinking that maybe since it's such a small town/area that when things like biorefineries start popping up, some of the locals might know something. Just an idea to try to get SOMETHING, ANYTHING ABOUT WHAT'S GOING ON.
Because he's a genius and has everything under control. Here's the scenario we should have been posed with:
Brian: "Hi. I'm a highly intelligent and competent CEO. Just look at my track record. I have a plan. Invest in my company. We'll cash out on this green energy gig, and SC is the Silicon Valley of the 21st century. I'll take your money, keep things close to my chest and make it appear as if you've lost 80% of your money for several months. Why? Because if I tell you what's happening, the evil oil companies will squash me and our plan before we can count our money."
Us: "Sure, sounds good. You can drag Mac in for name recognition, apply for every contract under the sun, and partner with universities and Pickens. That'll work."
Brian: "Then, I'll also get more money from some foreign finance group noone can confirm, hire a CFO noone can verify, and comment on IHUB via my drunken alter-ego, Putrid."
Us: "Great. Oh yeah, by the way - when can we expect our money back, with some sort of return?"
Brian: "Sorry - Gotta go now. I need a new vest. Too many cards tucked away in this one."
In looking at the financials that were filed in March, I see a couple things (yes, there are a ton of them) that beg questions:
1. SYNJ has incurred SG&A expenses averaging $55,000 per month through the first 3 months of this fiscal year. What the hell could this be for? Our douchebag CEO draws a salary of about $90k/year, so there's about $9 or 10k per month, so there's a HUGE amount of money being spent.
2. It looks like over the past year or so Brian has paid himself back about $105k. I think I recall that he has $800k+ of his own money tied up in this thing, and I'm assuming that's what the note payable to the related party is.
So, we're either spending some money on website, public relations, consultants, and professional fees (so we should see some sort of accomplishment before we're all dead and gone), or the douchebag is slowly bleeding this dry. Any thoughts?
Good luck, folks. In @ .0001 3 months ago, out at the same today. Only lost a small Eturd commission, and I'm thankful for that. Tried to flip it @ .0002 since I got it, to be rewarded with MM bull$hit, periods of no bid, and when NEWS hit I still couldn't move it. I wish you all well, but I think there are better plays out there.
Good call, inforcash. Others should follow your lead. Either you believe or you don't, and at this point, there's not anywhere else to do but go up. I think the bulk of us remaining have a decent amount of shares, believe in the model/idea, and are "pot committed" (for all of you poker players out there). I invested in the brand equity that Mack brought to the table (last summer) and the potentially lucrative business plan that was presented. None of us remaining expect to hit a jackpot tomorrow; we realize the plan will take time to come to complete fruition. However, we should expect legitimate progress at this point. NOTHING has panned out thus far, and ultimately our smoking mirrors CEO is to blame for this stock price. He's either not getting the job done or he's doing a terrible job of communicating what is happening, which if positive, would sustain shareholder value in the meantime while he goes to the proctologist and digs his head out of his A++. Yeah, we are long and strong, but we have every right to be angry.
Good morning, PPJE'ers! Anyone out there today besides Computer?
So, if Cornelio got something like 500 million shares @.0004, they could take a tax loss of $700k and hold 1/12th of a company that has this much potential... I worked at a company where the mezzanine debt holders did something similar. They had already collected interest @ 22% for several years, then took a writeoff on the original debt once they decided to sell the company. Hmmm...
I think petrit is actually BS in his drunken state...
How many more 7's to go?
Yep, I know ETMM is my MM, and I did put in in at AON. Now I got 'em, LET"S PARTY!!!!!!!!!!!!!!!!!!!!!
1.75 mil @.0004. Wait - it just filled @1:02 EST
Serious as a heart attack... I can't figure this crap out.
I've had an order in at the ask for more than an hour and it won't fill... Any thoughts as to why? I use Etrade...
Right on, tld55. Like I said, I'm not trying to pester them by any means. Trying to be reasonable and just get some assurance that we haven't been completely taken. I believe there's a way to communicate with shareholders that doesn't have to be construed as a pump n' dump PR. I guess that's just my opinion, though... :(
Setting up nicely, LOL!!!
Would someone who has at least a non-confrontational relationship with Brian call him and just see if there's a pulse in this company? I emailed just to see if they were alive and kickin' (not asking any other questions), and I haven't received a response. I'm patient, but I'd at least like to know if we are still a viable entity. Again, not trying to get early answers or information - just want to know if the train's still heading in the right direction. TIA
I'm with ya, Computer. Either way, there seems some true potential here and room for plenty of PPS growth. Hopefully next week will be a winner. Good luck.
Valuations are based on earnings or cash flow multiples, not solely revenues. We need to take expenses out of the revenue number (except for depreciation, interest, and extraordinary items), and then take multiples of whatever that number is. IMO, of course.
Everyone's beating up Cornholio for their ruthless tactics, but would you have loaned BS and his pull-your-spine-apart/wet dream/business plan any money without some serious ropes(not strings) attached? I have dealt with cut throat lenders like them, and there was one way to get rid of them: refinance, capitalize the company in a more reasonable/beneficial manner, and then let the performance of a real business plan (with strong management) bring the company to health over time. Hopefully we're doing that now. Damn, I wish I knew where this was going. All IMO, of course, and good luck everyone - let's hope for the best. Go SYNJ!
This board should be careful contacting Laporte. He may (and should be) bound by a confidentiality agreement, and he should not be giving out information about prospective customers to anyone, regardless if they claim to be shareholders. We shouldn't be putting Mac, Laporte, SCSU or anyone else involved in an awkward situation, one which could derail or delay the process. I'm starving for information like everyone else, but either we're all going to strike out or hit home runs. Let it ride - it is what it is, and there's nothing any of us can do to help the stock performance - it's out of our hands. Good luck to all.
Make the SOB "Bilge Boy" after that...
You hit the nail on the head, Tufan. Mack's involvement and the press releases led me to invest initially, then average down (have a drink), then average down (drink some more), then average down, you get the picture. Now I'm hammered, I've pissed all over myself, and I'm broke. Good job, Piper!!!
My wife asked me the other night when this stock was going to "take off." I laughed, and said if it were that easy to predict and earn multiples of your investment in a month then everyone would be doing it. I'm severely discouraged and deep in the red, but plain and simple I'm having faith that Mac isn't a crook and wouldn't be affiliated with a scam. If it/he is, then they are probably sipping brandy (financed by us), chuckling to themselves, sittin' back in their chairs (financed by us), reading this and calling me a sucker. If so, they got me, hook-line-and-sinker, but I won't be the one on MSNBC who's pouting because I took a 5-figure bath on this one. I wasn't looking to get rich on this: I thought a decent return could be had once you sift through all the hype and get to the "guts" of what's going on here. The Piper is a sorry excuse for a CEO, and I believe he should step down and let someone with credentials and tact lead the company. He may still add value and serve as an important member of the team, but I don't think he's CEO material. It's been mismanaged and manupulated to the nth degree, IMO, but hopefully the ends justify the means. GLTA
I was thinking of the same thing today, inforcash. Would make sense in this horror story/drama/thriller. I asked the same question a few weeks ago - why would Mac associate with Brian, and the answer was essentially, "he provided the finance vehicle." Honestly, if Mac has the credentials and connections everyone says he does, he could get $5MM in a snap. He and his associates could write the business plan and establish the lending arrangements. Regardless of what happens (and I truly hope this thing takes off), I've held on to this believing that Mack was a part of it and that the share price could sustain .0018 (per BS). Granted, the share count has doubled since then, so .0009 should have not be out of the picture. We've had news that should have catapulted this thing at or above the levels from summer 2009, to no avail. Then, they come out with a beautifully written PR at the end of the year to address and show empathy to the shareholders' concerns. Now we have this whole secretive series of events that IMO IS THE LIFELINE OF OUR INVESTMENT. Good luck folks - what a long strange trip it's been.
100% agree with you, 4me. Like I said earlier, if there was a parting of the ways between Mac and BS, we're fooked. I have said in the past that I am 100% resting on the fact that Mac is involved and he has integrity in what he's doing. If not, look out. Many on here have said that the company doesn't owe us anything; we're just shareholders. I wouldn't demand that Ford give me answers as a shareholder, because I know what they do: make cars, among other things. However, the jury's still out on who we are, what we do, what our finances are, and what our corporate composition is. As best I can tell, I own at least 1/300th of this damn thing, and it's essentially venture capital. If I were investing in a small local company in the same manner I have here, they would damn sure give me some basic, regular information, by whatever means was reasonable. That's all we're asking for: reasonable and timely information. All frickin' IMO of course.
If not, we are all fooked!
It's rum:30. Have a good weekend, all!
what broker?
Still wondering what happened on Black Friday (November 2009)... Was that a short squeeze, or were MM's accumulating in anticipation of funding/news, etc. Any thoughts?
Saw a MSNBC show on scams, and there was a segment in there on how one of the screwed investors repeatedly complained to FINRA and told them what was going on. Basically she said that FINRA looks out for its own members, and that it didn't do what it's supposed to do. Wouldn't surprise me in the least. FINRA, SEC, etc. - all the good ol' boys helping each other out.