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You certainly are entitled to your opinion. I had emailed back and forth with him a few times and his replies seemed sincere. Better than some for sure. He also was very concerned about shorting. That was addressed by him in a publically released letter. If you would like I will try to get copy. I have it, just not sure how to upload it. You might be right. It may have been our stupidity. But I personally have no new dollars tied up. And I have something more than others. Albeit may not be worth much it is more than I had. Time will tell. If you don't want that potential opportunity then throw them away. To me that its what one buys stock for, is that potential opportunity.
Also this is the thesis of the new management. That it was the shorts as much as anything.
I don't know. People lose money in stocks...People give other people things. Sometimes because they are nice. I believe that Dustin was nice. He was concerned about the long shareholders value being depleted by the shorts. We really don't know how well the CM was doing except we kept buying on the way down in the name of belief. .Time will tell.
I am not sure that a reverse split is fair to call a scam, but it sure does hurt when they do and the price starts dropping again. And in some cases drop all the way to the bottom. I don't like it either. Not necessarily a scam. Just saying. I have had stocks which actually rise after the reverse.. They finally got into a cash generating mode and wanted to up list. They wanted to get away from the volatility of penny stocks. I know this is the entire thesis of these guys. Scam notwithstanding. I have preferred with another company and it feels pretty good not having to worry about the reverse. That was their excuse, I have no reason right now not to believe. And if I am wrong well shoot. Lol. I had lost most anyhow.
Yes, my bad. Just trying to understand. USA.
I was able to recover some thanks. Better recovery than some, not as good as others.. It's the nature of stocks. They are a risk. Right? They did not have to do this. That makes them free. If Walkman it's correct that they were trying to get us to sell then yes thatguy is correct. But our commons was worth very little already. But if one thinks it is a scam then go do something else. There are some that missed out and would have been happy with something.
But what difference does it matter to you and I, I still ask? My money was all but lost. This is a freebe. Perhaps thatguy is correct. But it makes no difference. Why does the company even bother doing thus at all? How does involving me help their scam?
Ok. Cool. I finally think I understand. I just don't know what difference it makes. In the end if you are correct then I / we lose nothing. If the company is correct then we stand to come out just fine. Since it can't be of harm to hold the shares I don't see why to worry. If it is it is. If not not. Lol.
I have no idea if it feasible...No I do not. I will be happy getting my money back. If not then it has nothing to do with these preferred. That money that I lost and sold the shares for what I could is gone and our in the books. That is why I disagree that this is a gamble. I paid nothing for it. It is a gift. If it does not pan out, well oh well. I was out anyway.
Please answer my question first. Lol. What is the harm in letting it play out?
Who are you calling an investor. Lol. If you are talking about me, i no longer am invested...I sold all my shares. The preferred shares are something they gave me based on the money I had spent. It it's not an investment. Secondly and technically anyone who buys common shares on the open retail market is not an investor..to be an investor they need to deal directly with the company. .
Third. Lol. I sure wish I was young. Sorry this entire email must not have been for me.
It doesn't matter what I think really. What's done it's done. I already had lost my money. I could do no worse by holding the preferred. So what's the harm in letting it play out?
The scam?
I assume you deleted my question. How does thus affect you?
Ok, thatguy let's reason your way. It's a scam. What is the end result?
Good luck to you all.
Then throw your 6 shares in the trash. Do it right now.
And good luck to you. And all others too. I plan to tell other pink companies that I own in hopes that just a few tackle the shorts in the same way. If so it truly will only take a few of these to retire. If we can convert any where's close to $2.5 that is. This could turn out to be the business model of the future. Heck I don't know either. Time will tell...
Me too. I hope to get my initial investment back. But they did not have to do this at all. That makes them free. They could have reversed split and diluted again like all of the other pump and dumps. Instead I feel they have attempted to rectify the wrong. I averaged down just like many others. I belived in Dustin just like everyone else.. I got something. Others got nothing that makes mine free.
It does sound to good to be true. It does sound fishy. I am very skeptical. There have been many scams out there. I have never seen this before either. Fortunately I found out about it. Others did not. As much as I think the company met their obligations to notify us, others do not. I don't like the way they did it either. Doesn't make it illegal. But if it is go do something. I am behind whatever decision comes if it. My own daughter missed out. Good luck to those folks. I mean that in the most sincere way. .But complaining about it doesn't help. Well not here Lol. Go see an attorney.
For those fortunate to have taken advantage of the free shares, did I mention they were free, why are they complaining? They got to keep all of their old shares. And yes once the reverse happens those who still own the original shares, assuming the price drops right away as many here have predicted will practically be worthless. But to sit here and complain about something that we got for nothing in the name of trying to protect us from the serious shorting that is happening is silly. If one does not want the preferreds, throw them in the trash. But why are they complaining. They were free.
I am most definitely not a spokesman. I want fairness just like everyone else. Just here does little good.
Thanks for listening to me. I truly am going to go away. Lol. Good luck to all and I will see some at the bank. I hope.
No. I'm still here. I've made my case. I need this board to hear pertinent information. But any additional complaining about what the company did wrong thru this process (good luck) and totally free shares (be happy) is clear to be useless to continue to debate. It's up to someone else.
I give. I am going to go have a nice day. Digi and Paperlion you got the torch. See you at the bank. My apologies to all once again if I did not seem nice at times. I'm out.
True. I have tried to avoid that but am sure not all agree. My apologies.
Those that have been following along and have read all the posts know that there is one person personal to me who has missed out.
For those that have preferreds, be happy. Go have a good day. As Gorege Carlin used to say. Lol.
Show this possibility of a good thing to the next failing penny stock company that one owns where the shorts are controlling stock price. All it takes is a few of these that work with different companies for a person to be very very wealthy in this lifetime. Who knows about my heirs. That's up to them.
Lol. I would rather call it a debate. Debates are healthy. Debates are good.
Then you still missed the point. I have enough shares myself to last 300 years. Do I think they will be around that long? What does it matter? I am dead. What matters is there are those that to advantage while others who would have liked to missed out. But yet they complain. Who knows if we even ever will be able to cash in the first one. Time will tell as Digi says. But I like my odds. They are better than those that missed out.
First you missed my entire thesis. There are some who declare that the preferreds are worthless. Give them to me. If they are then fine. But now they're mine. They them don't need to worry anymore. When they become worth something to the original owner then I will sell them back to them. No conversion required. If not then I can do as I wish with them.
Secondly, my email to the company, resulted in a statement that yes they are transferrable. Sequentially not simultaneously. So 734 6 month intervals from now when I am dead and gone, the transferred to me shares can be converted on the same 6 month intervals..Depending on how many one wants to give me and if ANDI is still in existence, many many generations of my heirs will benefit.
Do you men the SPO?
I'm sorry.. It was not meant to be mean...Not at you. .Really not. Or anyone else fire that matter. It is for those that are hypocritical and negative here on this board. That they have no trust but yet hold the preferred. Proof in that one declares that they are worthless but unwilling to give them up. My forgiveness. I do not have a quarrel with you.
Now. Lol. How many shares do you have. If it is small I might be able to afford $4 a share.
And yes actually I planned to keep them. ANDI says one cannot cash them simultaneously worg ones own. Only sequentially. I will just will them to my heirs.
Paperlion I offered thatguy157 $5 for his six shares. Digi offered him $200 for them. I could afford 6 x 5 = $30. And was willing to take a chance for $30.. That was double what he paid for them. How many shares do you have to sell? Now I am asking you. Lol?
No thank you. I did not make you an offer. I really don't know why you think differently. I am not sure why you care. I am not sure why you are thinking you are part of this? Jokersmoker said they were worthless. Give them to me. When they are worth more I will sell them back to him. One mans trash is anothers treasure. Its mine at that point. That's the bottom line.
Hey sounds like they are now worth $4 each.
You give it to me declaring that it is mine. Like transferring any other asset from one to another. In writing preferably. And usually with a return consideration such as money. Free works too. Since they are worthless what the heck. Am I missing something?
Well that number does not get one to far. Do you know of an extension number?
Sorry, in addition they can be transferred to another right now. Which means the are not worthless. They can be sold if one wishes to.
Well I agree with that in theory, but unless I totally misunderstood that is not the context of Jokersmoker's comments of them being worthless. In reality, they are not worthless even now. The fact that one can't spend it does not mean that it is worthless. I have an IRA too that I can't spend. Maybe not a great example, but you get the idea. Jokersmoker's comments IMO are condescending to the companie's efforts as I see it and thinks the preferred are now and will always be worthless. If he feels that way then get rid of them now.
Thanks. The OTC Web page had it and the email info incorrect.
I don't understand...Are they worthless or not?
Does anyone have a good contact number for Forex?
I am happy to take your "worthless" shares. .Just let me know when.
Hello. I Just recieved in the mail class action lawsuit info. Have not owned DNDN for quite a while. Did not know there was a lawsuit at all. Can someone please briefly discuss the issue? Thanks.
Thanks.
I guess I no longer care if there is shorting going on. Management has provided me a solution which sounds promising.
I said that wrong sorry. They cannot be simultaneous. They can be sequential.