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I actually have over a million shares but am underwater by about 40-50% on them. GLTA
One share of HNSS at the discounted price of $.0085.
Any bets on when the next trade will take place? Might as well have some fun here while we are waiting for some action.GLTA.
Yep. All the buyers are beating the doors down here. GLTA
Are we halted? No volume yet. GLTA
That is why new investors aren't coming on board. It is going to take more buyers to drive this PPS up and they aren't showing up. On the pinks it is guilty until provent innocent. It us up to the company to convince new investors to come on board and they haven't done a good job of doing that. GLTA.
Josie is long but sick and tired of the PPS being in the toilet like I am. We are here to make a return on our investment and all my shares are underwater now like a lot of other investors. We have a lot of cheerleaders on this board but that is not moving the stock price. Black needs to be more transparent in his PR's and continue to suck up the float with any cash flow that he has. GLTA.
Why is this thing tanking today? Anybody? Thanks.
Are we halted? No volume yet. GLTA
My company does a lot of business with various consultants but we don't evaluate their financials before contracting their services. They are treated like any other supplier. I am sure the agreement is non-binding so if things don't work out then each party can move on. GLTA
U.S. News doesn't really have a reason to audit their financials. HNSS is just providing consulting services for them. A supplier like any other. GLTA
The people on this board have already loaded up all they can and nobody else knows about this stock or they aren't convinced that it's not a scam like a lot of other pinks. The financials are unaudited. GLTA
Should tell us where firm support is at if there is any. We thought it was at or around $.01 and we have since fallen way below that. There is no buying pressure at all. I think the only people that know about this stock are people like us who hang around this board. Otherwise it is relatively unknown. GLTA
Any chart guru's on board that can tell us how low this is going to go? GLTA
The last set of financials was good but the company doesn't PR much else about it's business. Consequently there isn't much to talk about on this board. GLTA
Big volume today but the PPS isn't moving. Are they holding it back? GLTA
I'm with ya. Would like to buy more but this could go lower still in the absence of any earth shattering news. GLTA.
I have asked questions of management on numerous occasions but they never respond. GLTA
How high do you think this will go? What was Xtremepicks target on this? GLTA
We finally got a PR. Hallelujah!! Maybe there will be more to come. GLTA
Legacy Shifts Gears and Will Begin to Bottle Wine in China to Partake in the Multi-Million Dollar Emerging Asian Wine Market
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Press Release Source: Legacy Wine and Spirits International Ltd. On Wednesday February 23, 2011, 7:30 am EST
NEW YORK, Feb. 23, 2011 (GLOBE NEWSWIRE) -- Legacy Wine and Spirits International Ltd. (Pink Sheets:LWSP - News), an importer, wholesaler and retailer of fine wines in China, announced today that the Company, led by recently appointed President Jaclyn Cruz, has started the process of changing the business strategy from not just importing bottled wine to also bottling the wine in China.
www.legacywineandspirits.com
Within the last two years importing and blending domestic and imported wines has risen over 15%; whereas imports have risen by 58.3%, an equivalent of $377.11 million dollars. These trends show no signs of slowing and experts agree that China is the fastest growing market for wine production, wine consumption and cultivating grapes. Overall, consumption of wine in China had now reached one bottle per year per person - which might not sound like much until you realize it accounted for 1.34 billion bottles. And that's double what it was five years ago.
According to international wine experts, starting from 2010, mainland China and Hong Kong will be entering the era of the "golden decade" for its wine market. China will rank first in the world for its wine consumption by 2020. The current situation in China is that domestic wine production doesn't meet its market's need, which has resulted in a surge growth of imported wine. Statistics show that imported bottled wine to China has increased 2368% since 2002 to 2009.
By importing bulk wine from countries like Spain, Chile and the U.S. while bottling the wine in China, the Company can improve profit margins while honoring prior import contracts. In short, the Company can still state on the final bottled wine that it is a product of where the bulk wine is imported from,( e.g. Product of Chile). Bottling imported bulk wine in China will allow Legacy to be more price competitive while taking advantage of the lower labor costs, lower taxes for an incomplete product and the option to blend the imported wines with Chinese local wines. This blend makes up the majority of wine consumed in China.
"This new business model will allow Legacy to be more price competitive with local wines as well as the lower priced imported wines. The Company will continue its wholesale and retail business while building upon it," states Jaclyn Cruz, President of Legacy. "China currently enjoys the highest wine consumption growth rate in the world. Now we are seeing a new opportunity for growth while traditional wine markets have been stagnant," added Cruz.
I hope you get answers. I have e:mailed the company many times and have never gotten a response. GLTA
Got a little buying going on today. Hopefully a preview of things to come. GLTA
Looks like volume is off the charts today. GLTA
Sinking further into the toilet. $.0072 Ugly. GLTA
Taking a tour of the plant wouldn't involve insider information in and of itself. It's just strange that he never responds to his shareholders. Not something that promotes investor confidence. GLTA
I have sent several e:mails to Mr. Black but he never responds. The last one was a request to tour the Worldwipes Plant. No response.
It doesn't specifically say anything about the 2 German companies discussed previously. Generalities.
That's the problem and why no new money is coming in here. His sweet time is very long. GLTA
He has my money though and I would like more details on what he is doing with it. How do you know he has his eye on the ball because he isn't telling you much and the investment commmunity think's his company is worth less than a penny per share? I don't see new investors beating down the doors to buy this stock do you? GLTA
How do we know the deals are still on the table? Mr. Black hasn't said they are still in the works and it's been quite some time since he originally announced them. GLTA
What's going on with Europe? The 2 large German companies that supposedly had an interest in placing microfill machines over there? It's been 2 1/2 months since we heard anything on that. How does the JV just announced tie in with their current medical business or does it? What is the business plan? What is being done to upgrade the status on the Pinks and provide audited financials? etc. etc. GLTA
Mr. Black needs to provide some stimulus to wake us up. We are investing to make money and the current PPS is under a penny. Flippers are having fun but longs are in the doldrums. Need some more details on why new money should invest in this stock. GLTA.
A 15 gets you to a $1.20 PPS
You said the revenues were going to be disappointing but they doubled. You can still get back in. Plenty of room to run some more. GLTA
What's your target price Chad? Thx
Sales doubled over last year. Awesome!!
A class action suit would spell the end for shareholders. It would equate to shooting ourselves in the foot. The best we can hope for is that the new CEO is able to get the business running profitably again. GLTA.
Does anybody know where the wipes are manufactured at? Thanks.
What was the promoted target price? $.20? Thanks.
Anybody having fun yet?