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It does look like we have a hammer developing today - could be a nice recovery this afternoon and next week...for all you candlestick fans.
No I agree - the other thing is that this stock was just trading @ .0013 and .0014, now down to .0007 - that's have the value - is this thing really worth 1/2 as much based on nothing?? It'll U-turn, which is why any of us are staying in here...A lot of times, I can just look at it as 1 or 2 ticks down, but the lower we get, the bigger that percentage becomes - this thing is WAY underpriced...
I'm going down in a blaze of glory - I gotta hold now...what else am I going to do?
Didn't you just post this morning EFGO as a company to watch? Now you call the company garbage this morning...quit trying to drive the price down - if that is your motive.
http://www.investorshub.com/boards/read_msg.asp?message_id=18914891
Time for the Ignore button - nice....
I'm sitting with plenty of EFGO stock, but I'm happy and hanging around for the long haul... - might as well keep this role call going.
that's funny - I have lang ignored - you would do wise to do the same thing...
well, where did all this action come from - resurrected from the dead!!! This is the kinda action I like! I couldn't believe it to leave for a long lunch, come back, and see 42 unread EVSA posts...wow!
you have to put a / in the brackets to turn the bold off...
it's okay
ya - you're right - I've actually got some white on my L2's now...that's surprising. What are those MM's thinking - letting people trade and possibly accurately reflecting volume at some level...that's crazy!! :)
Sorry guys - I've gotta get away from the computer for a while and think about something else - I'll be back after lunch...
NO!!! ya - these mirrors are driving me crazy - I'm going to lunch...
when they are mirror trading like they are today then it's just going to close at whatever price they want it to close at. they could stick it anywhere between .0008 and .0011 right now - it's up to them. It does make kind of neat pink and green pastel patterns on my L2's though...at least it's a nice soothing pattern of mirror trades.
thanks for the info....
I see - but it doesn't make corporate sense to be diluting at these levels - and it makes no sense to be buying back shares and these prices and then diluting at these prices...no value there. If you look @ the annual 2006 statements on Pinksheets you'll see that up to 2005 (prior years) they issued 26 million shares and raised 1 million dollars. Last year they issued 4.3 billion and raise 1.4 million dollars? See, it doesn't make good business sense when the share price is this low...
How much farther can they dilute - they are only authorized for 5 billion shares and they were already diluted to 4.8 or 4.9 billion?? Come on...I'm glad you sent him on his way, BJT.
If you guys will remember this thing jumped to .002 on news that a name change (and possible short squeeze) was coming. It trickled back down to .0007-.001 after that and then ramped back up to .0013 during the name change. What's happening here is interest and volume that came our way based on an expected short squeeze that never happened has left the stock. Most of those investors didn't know anything about the company anyway...they were just here for the squeeze, so why would they stay around afterwards anyway.
It's just the remnants of the shake-out still. I think the MM's will try to keep it @ around .001 until demand increases which should come on good news...
so pennypusher01 sold his shares, 1 Million @ .0009, and then is predicting a close of .0008 - that's a surprise? I'm not worried about a day or two here and there. It could close @ .0002 for all I care - I'd take out home equity at the point. EFGO is a good company...I'm not worried.
Good to have you posting here, BJT - I've been missin' you!
suffrage - "the ability to vote" - COOL!!!
:) Just messin', man, I hear you. I remember when this stock was 10 times higher...I'm sure ready to make back some losses.
Good Mornin'!!
BTW - keep an eye on EVSA, their OTCBB uplist went through, and supposedly some good news should be coming out in the next few weeks. It should be interesting.
It'll have some of that information in the quarterly report - not completely spelled out, but you can get it will all be part of the uplisting to the OTCBB when that happens.
that's what I was thinking - we'll have to see!
Actually - I think they have no debt - last I read, though I might be wrong...I'm not sure any of us understood the R/S from a financial point of view. I mean I'm in EFGO, which is trading around the same level and has 5 billion outstanding shares and no R/S in sight. I think he's purposely limiting volume to keep a better handle on the shares and price of the stock...but, if you want to move up to certain boards, you have to have a base # of shareholders, which will be tougher to do with a 300-1 R/S - IMO. BUT, good news will definitely bring buyers...It's sorta like getting stuck in the duldrums...right now...but I expect in 1 month we will have a better idea of where the company is heading.
to be honest - the jerk in me is happy it hasn't gone through yet, so I can free up more money to buy EVSA. I don't think there is a short squeeze in play here, probably there is no pressure to do this in a hurry and it's just taking it's time. I do think it's grossly undervalued and the future only looks bright - can't say much for the present, however, did you see financials? No wonder they have problem being audited - There was nothing to audit. :)
Ya know, I think I've found some really good companies. I'm ready to get the R/s over with, which when good news does come out, will only limit the # of shares which dramatically increases volatility - Could shoot really high on good news.
I'm going to write more later on tonight, but I don't think they have solid earnings numbers. Don't get me wrong, I don't think they are bad, but I don't think they are good either. They have redirected the company in a much more favorable direction and the revenues are just beginning to come in....I think it's a bright future and probably a nice looking Q2 report. I think Q1 will be better than last year, but nothing to write home about. Forex isn't coming out until Q2, soon they will have a new version of their dayday software available, which means a whole round or licensing fee's coming in. Not to mention revenues from licenses in Japan, Africa, etc. The future looks good, but I don't think they are holding off on Q1 numbers on purpose, becuase I don't think the #'s will look great until Q2. IMO....
Looks to be pretty uneventful to me - I think next quarter is supposed to be the one that shows revenue and the business starting to pick up. As it is, they've been solidifying their East Coast Productions, supposedly. I'll look @ the financials more closely later, but it's not really showing much.
If I had the money, I'd be buying...that's for sure!
did you get my flowers yet? :) (actually I didn't send any, I'm poor, I lost a lot of money yesterday...)
I've looked over the 4th quarter and annual financials tonight, my background is Corporate Accounting, and I'm really interested in seeing Q1 of this year. I'll probably post more tomorrow, seeing as how I'm totally worn out. I feel really good about the future though and I like their business model. All this to say, I'm staying long and feel really good about this company. More financials later.
I think Garr is a guy of big vision and so it's a redundant step in the process. They are selling off the old banking interest because previous management thought it would be sufficient, but if you are dealing with large amounts of cash with Forex plus doing major financials for entire African Countries, then you need a big time bank. I think they are focusing on their core businesses that they are pursuing and it's easier to make money on selling Global-Vision and retaining usage of the proprietary assets that they bought it for.
Here is an interview with Garr Winters back on Feb. 9th -
http://www.marketwatch.com/news/story/garr-winters-cash-now-corporation/story.aspx?guid=%7BCA4B4F1B-...
I think it's very insightful - notice everything promised has been delivered. I know it might surprise some, but he never promised a short squeeze @ the name change. I think it's a good read and can give those who looking for longer term appreciation some assurance of direction.
I saw that NVMG took a 22% jump today...I'm all tied up in EFGO for the moment...oh well.
NO...
:)
Strong - you were never a guy of too many words...sort of a John Wayne character...
talk about a ghost town here tonight - usually it's pretty hopin' - I guess the correction today did some people in...oh...no loss if they don't want to stay around.
absolutely - this all just takes times. Unfortunately, in PK world, we're all used to things happening quickly...a little patience reaps big rewards.
The name change was the reason that some people were here - the name change was not a "Value-Add" for CHNW/EFGO - it was just a play that might temporarily spike the price if the MM's were caught in a short squeeze. It appears they had enough time to cover their shorts in all the delays related to the listing. However, A lot of revenue streams are in place now or being put in place. When these streams begin putting revenue into the company, that's a huge "Value-Add" that should significantly effect share price. It adds to the bottom-line, which, in the over-all scheme of things, is ultimately what causes PPS to grow and continue to grow. I UNDERSTAND THE FRUSTRATION completely, I hear you, but I think it's something like 98% of stocks never make it out of PK world to AMEX, NASDAQ, or NYSE. I think, from what I've seen, EFGO has the best chance of that and to find it @ .001 is a huge deal. Btw, historically, the PK stocks that made it the NYSE were Financial/Banking related - right up EFGO's alley. Do what you think is best, but there is a lot more going for EFGO than just a Short squeeze - which is just a temporary spike in share price.
that's already been PR'd. Not necessarily the "shock and awe" - supposedly, last I heard, they had identified a company for a reverse merger to be listed to the OTCBB (I don't think it was AMEX or anything like that) and were finalizing the merger - wasn't that the latest?
whatver works man!!
depends on the news...based on history, I doubt the price will jump too much on the 20-40 million revenue stream rumor until it's out in a PR - maybe that's our problem. :) I think I might have figured it out...People aren't actually doing any buying on rumor and just selling on news. No wonder!! People - START BUYING!!!
:)