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Good Morning A$!
I'm still trying to figure put how they produce free energy at minimal cost. Kind of a paradox there.
haha, that is true.
My feeling is that for a scam to work, it's got to be something fairly believable, ya know? I mean, there are too many believable stories to fabricate if Mario was just trying to scam people ... I'm a firm believer in logic over gut, but here, I just don't feel "scam."
But - this is pretty bizarre, so I'm really curious to see what comes next here.
Wow. Seriously? I'm not sure whether to shake my head or laugh. I mean, a new energy production source? Really? What I don't understand is that this is just so far out there that I don't understand how you could even make up something like that. It's so not-believable that ISM "techs" have solved our energy crisis in the span of two years somewhere in a basement lab in FL, financed by flea market sales.
I mean, I know my post might sound negative. I just don't know what to think about that. I mean, it's so far out there that I don't see how it would even possibly entice anyone to invest...which makes me wonder what Mario's intent is here.
Interested to get some clarity on all these things.
Good Morning A$!
Morning Joby!
Good morning all, today brings us to the end of one week closer to news here!
Yep, thanks for posting that!
I think next is some kind of feedback on how distribution is going with Sysco - either some informal/general guidance from Eddie, or eventually hard numbers in the financials.
There's also several other things that Eddie has been working on for some time and has stated are in the works that we may see sometime in the (near) future:
- sale of preferred stock for financing, which would almost certainly be followed immediately with news of placing an order for at least one full sized oven, potentially two as there is also...
- Canadian affiliate, where I believe one full sized oven will go, the Kosher line will be processed, and will also open up international export capability
Who knows how the PPS would react to any or all of those events. It's not really important to me at this point - as eventually large revenues and profitability will absolutely drive the PPS north.
Good to know at least someone got a response. I left a voicemail with my name and number clearly repeated several times, no return call - not really holding my breath either. But, glad to hear he called you back, hope you can get in touch with him and let us know what the word is.
Thanks for sharing.
Good morning Joby!
Glad I got the .011s that I had funds for yesterday. Wish I had had enough funds free to get them all, but some is better than none I guess. Glad to see this move right back to .015.
Yeah, the problem is that the second half of the fiscal year DIDN'T yield better results, and even though we knew the convertibles were coming, it's a little bit of a put-off when there's ZERO communication from the company. Watching millions of shares dumped on the market wasn't much of a surprise, but the negative emotional impact could have been vastly mitigated with a little reassurance from the company that things are moving forward and even a general timeline...silence is just very frustrating.
But go ahead, call that number...you'll get a voicemail system that doesn't work if you try to go to investor services, or you can just leave a voicemail if you wait, but you won't get to talk to anybody. And if you leave a comment in the website, you'll just get an email from Marty telling you to call the number and leave a voicemail because he doesn't know anything except what's in the financials.
Doesn't mean things aren't in progress...doesn't mean they are. Just means the company is incredibly inept at informing the shareholders that have funded them thus far by continued purchasing of diluted shares.
Although the deleted post is clearly in violation of iHub rules and as such will remain deleted, I did find it humorous to read the definition posted, and the use of the word "acts" which, in the context given, implies acting in a deceitful way or posing as something someone is not, in this case, posing as a customer without actually buying only in an attempt to lure other potential customers into buying.
I just found it really funny, because it was used to refer to probably the largest shareholder on this board, by far...which really just points out the opposite, that many of those that believe in this company have positions worth tens or hundreds of thousands of dollars.
I could show you some board where there's a lot of pumping to try to entice buyers so that a dump can occur, but none of that here.
Thanks though, to our kitty cat friend, for pointing out just how the longs here have continued to put their money where their mouths are by buying, holding, and adding MANY hundreds of thousands of shares.
He changed his handle to DOLLARLAND since that's where we're eventually headed.
Would be a nice Christmas present to us all, that's for sure!
GM everyone! Happy hump day.
I didn't take it as sarcasm, and I do appreciate the clarification. Yes, would like to see a new base up from here. I'd take .02 in a heartbeat.
The problem with flipping a stock like SMKY, as DL has already pointed out, is the lack of liquidity. Sure, you could flip 5-10k, but even if you were able to consistently do that (which would take a long, long time) even if you worked your position up to 50-100k, you wouldn't be able to flip that. You'd still be stuck flipping small amounts...there just isn't enough volume.
I agree jumping around gets problematic. Much easier to find a few gems and add on the way up and the way down.
Quite frankly something like flipping only $1k worth of shares just isn't worth it to me, between the additional 10% tax loss for short-term gains and the brokerage commissions - it just adds up to a lot of timing and patience for what's really not a huge gain in the end.
But whatever floats your boat.
Ok. Thanks for clarifying/correcting me. Guess that means we have another 2 weeks to see if old LB is on target.
I highly doubt the CEO is baffled...he straight up said he expected the PPS to stay in this channel until sometime in early 2012. What's there to be baffled about? Takes time to build a company - make contacts, analyze new lines, bring in new lines, create first time sales, create repeat customers, create brand recognition, generate enough sales to have positive financials, etc.
Only thing I'm baffled by is where all the cheerleaders went that between the 10 or so of them could have only bought about a couple months worth of my grandmother's retirement allowance (that means, NOT A LOT).
Lot's of talk of loading up, but no volume. Still has me baffled.
Been hoping for any of several other stocks to make a run...but sometimes you just have to cut your losses elsewhere to move funds into the higher potential stock. Glad to add and average down here. Maybe I'll get another couple chances before Morey announces something big.
Was about to ask if someone could post an updated L2 shot - thanks.
Another keeper, check back in a couple of years.
So what's your too 3 RTXB products under $20 and what about them do you like so much?
still wondering when everybody noticing this is gonna join the rest of us shareholders by actually buying it.
Oh, the $972 worth of volume today must be entirely from you - loading up for the big run. Big baller I see.
Just trying to keep it real - asked you a simple question about what news would create a 2M volume day - you still haven't answered it...just a lot of talk about how RTXB is about to run, how I need to listen to the CEO interview (never did address the fact that the CEO stated his belief that the PPS would stay right here until next year when some revenues will finally be increasing and reported), told me about the float (as if I didn't know the size of the float when I bought RTXB, something you apparently haven't done yet or only done very little) and how people should be getting their tickets before the big ride and there's been....wait for it...wait for it...wait for it...less than $1000 in volume today. That's all I'm saying.
Nice response though - I mean, a hot chick flipping me a bird. Good one. Based on the volume today, even if we go to .02 this week, that t-shirt and a turkey would be about all you could afford anyway with your RTXB profits.
Yep, a whole lot of new faces talking a lot of big talk about RTXB moving up soon, making huge gains...and yet there's been a whopping $900 of volume this morning. That's not even a decent position for ONE person, much less for all these folks chatting it up.
Just makes ya wonder, if they're so excited, why they're not buying. And volume hasn't really supported the possibility of folks accumulating slowly under the radar, so my guess is most of them don't own any shares...
...hope you're having a great monday, my guess is that you and I and the others that have been here for more than 2 minutes will still be hanging out when the new ra-ra crowd gets bored and moves on.
ok, so the same question stands: what news?
secondly - you're not going to burst my bubble. I own RTXB, do you? If we double, you won't find me complaining, I own shares. I just don't think it's going to happen as soon as you seem to think...and I still don't see anything you've said that would cause me (or anyone else) to believe that we your predictions of the PPS would be more accurate than the CEO's.
Um, what kind of news exactly do you think would bring that kind of volume?
GM! Lots of chatter on another stock board that I own...hoping to get some volume and upward PPS movement over there this morning, take some profits to move over here. Been waiting on that one for a couple weeks now - getting antsy. I know everybody wants news from Morey yesterday, but I keep hoping I've still got a couple of weeks, I don't have near enough shares here! It's taking me longer than I'd like to free up more funds, but here's to hoping I can add some AIMH soon.
It's not really a huge step - just means that filings are finally in line. Don't expect a large change in PPS, if any.
Oh, I might have recalled the wrong number from memory - yes, please correct me if I'm wrong. My point there is that we are profitable at a relatively low percentage of capability AND Eddie has made it clear that maxing out our current capacity will not be a problem, it's a matter of dedicating that capacity to the distributors that will provide the most profit.
All that to say - we will reach profitability very soon.
Yes, I'm definitely waiting for Eddie's reply, and so don't have much to add in that I won't try to respond to your concerns, but I can briefly outline some of the things that have brought me to my current level of confidence in this investment.
- My first correspondence with Eddie was back in January, after holding for a bit...when things were ugly, like in the .01 range ugly and I was strongly considering selling for a loss just to move my funds somewhere I thought would be better positioned. There wasn't much information then, just a good SS, a nice "plan," and a dream. His response went a long way. It wasn't much, in fact, he stated that he understood the need for investors to position funds as prudently as possible and that it wasn't looking good at the time. He also stated matter-of-factly that he felt they had weathered a horrible economic storm, had survived, learned a lot; the sun was out and it was time for the seeds to start growing. He didn't try to convince me of anything...but his honesty, his confidence, and his transparency made me want to stick around and see what this guy was all about. So I did. SMKY at the time wasn't much for me, not my biggest investment, but then again...it was @ .01
- So I've watched and seen time after time, our CEO has delivered as promised, always. And if there's a change of plans, it's done out of the best interest of the company AND shareholders. I'm sure Eddie will address the dilution concerns, and explain how the financing for the current oven through the lease fund will drastically reduce the dilution that would have occurred if they had done initial financing through traditional methods. My guess is that the terms of future financing whether it's common, preferred, warrants, etc., will also be done in a way that protects shareholder equity as much as possible. Eddie owns a LOT of common stock, the same stock we all own here, and he's fully vested in protecting his own future financial investment.
- I seriously considered selling some of my position here and buying an oven lease unit, and talked to Eddie extensively on the phone and via email about the wisdom of that decision (at the time SMKY was @ .06 and oven lease funds have terms of conversion to common stock at 20x plus some warrants plus a quarterly payment up to an annual cap of 35% I believe)...so the oven fund was incredibly attractive, but Eddie told me he did not think that was wise. So my take on that - selling oven fund units was much more important in terms of starting company operations than my holding onto my position, but Eddie was telling me he thought it was smartest to HOLD my shares! That to me is someone most concerned about shareholder value. He believed (believes) that those shares would be worth much more than 20x in 3 years, and told me so! He also told me a few things that really helped me rest easy, which I'll go into next:
- Debt is a big concern of yours, and rightfully so. Dollarland pointed out that 25% capacity gets us into profitability. Eddie told me that they had a plan that started with WW and also included other retail distributors. The issue wasn't hoping to get someone to carry the product. He told me he could max out capacity instantly. The reason they were being picky, is that they wanted to generate the most profit by dedicating the most capacity to the highest profit margin avenues of distribution. That tells me that worst case, we're still going to be moving product, earnings might just be a little lower. He also told me that his biggest concern was that they might not have enough capacity! That's why financing for additional ovens is so vital. I am fully confident that the use of an additional 5M isn't a wing and a prayer. The previous debt doesn't really bother me. It's there, yes. It will have to be addressed, yes. But, it was accumulated weathering the storm. It's a new game, a new company, a new brand, a new everything now...I don't feel like Eddie spent 10M trying something and is just hoping to throw another 5M at the same thing. I feel the circumstances are completely changed. Does this guarantee success? No, but I feel confident that the plan that's in place now has a very high chance of succeeding. I'm also confident that additional ovens won't be built without having options for utilizing their capacity. That gives me excitement, rather than fear, about the prospect of securing financing and expanding operations.
I realize I put a lot of stock into Eddie. Maybe too much for you. I also realize that the vast vast majority of my holdings were accumulated in the .01-.03 range and if I was looking at entering here I might have more reservations. I would definitely have a different mindset...as I watched this go from a company just kind of dead in the water to actually operational is like watching a newborn take his first steps...it's joyous to the young parents, but to the stranger, looks like a baby that can barely walk while everybody's talking about him being the next track star. So I appreciate the different perspective you and others bring.
Looking forward to Eddie's clarification here.
Cheers.
malc - I had to go back to another board to find your original post that kept getting referenced here. I appreciate the thought and experience you bring to the table here. Although Eddie has responded to a lot of concerns and questions in the past, I'm very curious to read his response to you, as I know I'll learn something that wasn't brought up before. In the end, it may or may not sway you to invest, and that's not really the point, as trying to convince someone never works out in the end. I think it will give us all a more in-depth look at things and allow all of us to have a better understanding of the company that many of us here are invested in, and so I thank you for your posts, because I know the end result here for me is a more complete picture, and that is always good.
Hey Low, long time no see. Hope life is treating ya well. I think his point in bringing up that awful day (yes, I've been in SHAR/COHO for waayyyyy tooo long, but I was at an appointment that day and couldn't do anything but watch the results after it happened)...anyway, I think his point was it wasn't just a wall or resistance, it was a point about the character of Dan.
There's still nothing known for absolute certainty except that millions of shares were sold - according to Dan they were sold without his knowledge, "illegally" by an affiliate that was hired to do PR, blah, blah, blah, blah, blah.
And then Dan went on a "rant" about how pissed he was, how he was going to make them pay, how he was pursuing legal action, this that and the other, how the evil "affiliate" was being forced to buy them back. Did he/she? Who knows. Doesn't much matter...it had the same effect as massively shorting the stock. Millions of shares dumped illegally and even if they were bought back, it was at a MUCH, MUCH lower PPS. And clearly, the PPS has never even started to recover.
So the point of all this? The general feeling by a lot of bagholders was that Dan is a lying POS that played ignorant but either knew what was going to happen ahead of time, or even went so far as to orchestrate it.
I don't read this board anymore normally...because the one day I wasn't watching the market due to appointments this has become one of my worst stocks. Someday it will be handy when I need the losses for taxes, and I take responsibility for not having a better exit strategy. However, anyone who thinks Dan is a good CEO would be well served to read through posts from that time period and make their own assessment. Not saying he's bad, not saying he's good. Just saying some real shady chit went down and it warrants review while forming an opinion of the CEO (all just my opinion, of course.)
Good morning Joby!
Gotta love it when the folks moving your product have their own internal motivation to succeed and quickly.
Apparently my last post was "off-topic" although in light of our CEO's most recent post, I'm not sure how commenting that
- things have changed
- our CEO is being proactively and reactively flexible
- our CEO is making good LONG-TERM decisions
- our CEO has VISION for the future, not only in the marketplace for the products, but also in the investing world; i.e., he's building a company AND making savvy decisions for protecting and increasing shareholder value
is somehow off-topic.
I guess somebody whined to admin. Who knows. Dollarland, I CHALLENGE you to validate your previous posts about the importance of uplisting. Oh wait, you corrected yourself a while back, before Eddie even announced this most recent change. Now why'd you have to go and do that...changing your mind based on new info and sharing it with the rest of us? You're so inconsistent.