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I AGREE!.. 50% BELOW! the "lower" BB?? You've got to be kidding! Technically, it will have to move back with-in the "lower" BB at some point... EASY! profit.
GLTA!!
"...has the run ran out of steam already?"
I'm afraid that may be the case.
Significantly LESS volume... WEAK bid-support going into the close... HUGE profit-taking.. equates to RED days ahead.
Pop & Drop on news seems to be all it was... personally don't expect the big volume(like yesterday) to return until around the divy time.
GLTA!!
Drilling or not.. 16K(last qtr. revenue)--> 50 MILLION!(Current mkt. cap)??... in PENNYLAND??... LMAO!
I'll believe it when I SEE! it... other than that it's a PIPE DREAM!
GLTA!!
16K! in revenue... a LOSS! of ~$500K for the quarter and KATX is a "sure" thing??.. LOL!
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=33431
Seems like your DD reads more like mumbo/jumbo(smoke & mirrors) compared to the ACTUAL! results that are taking place within the Co.
KATX still has a LOT! to PROVE that warrants "long-term" interest and the quarterly report showed that in a BIG! way.
GLTA!!
EXACTLY! Remember this is the FIRST!(PR issued) day. As the "news" travels around the pps SHOULD catch-up.
GLTA!!
We shall see... DEBT is the biggest issue here! Like I said, IF the mines are sold, the "debt" has to go with the sale.
WORST! case for a "shell" is to have lingering debt(note holders especially) from "old" business going into a "new" business. This usually translate into DILUTION of the "new" business's shares to satisfy the former BEFORE the "new" business can start CLEAN.
GL!
It WILL be interesting to see if QMIN goes down another energy(ex. solar,wind,etc...) path IF the mines are sold.
IMO, selling the mines in and of itself will not constitute a "few cents" increase in pps for the simple fact that at that point QMIN will be just a shell(w/ a LOT! of DEBT if not cleared up in the course of the sell).
As has been mentioned before... the STORY continues.
GLTA!!
It's not a question, it's a FACT! The R/S will take effect 6/17...
...reverse stock split will take effect at the open of business on June 17, 2010.
Guess the name change to "Kentucky Energy" was put into effect to protect the "innocent"(future shareholders).. :-P
Just SURPRISED! that the R/S "ratio" wasn't larger... 1:20(@ .0002)= .004... NOT much room to play with from the point of this going to .000's again.
GLTA!!
Yeah, what a SHAME! ppl were scared(due to R/S talk) out of their shares... only to find out later the Co. plans to retract the R/S... LMAO!(recipient of some of those CHEAP shares)
Good thing I took the time to read some of posts yesterday... clearly pointed out by a few that the "possibility" of it NOT! happening was in the cards... and what-do-you-know... a PR exclaiming just THAT!
Apparently, it wouldn't have gone into effect till the 21st anyways... ANYTHING! could have had a "material effect" on the pps. to nullify the R/S.
Oh well, one traders PANIC! sell is another traders GAIN!.
GLTA!!
Is ENTI<---->SREH just a SCAM "shell game" between these OBVIOUSLY! related individuals??
First bit of INFO!..
NEW YORK, NY -- (Marketwire)
06/07/10
Strategic Rare Earth Metals (PINKSHEETS: SREH) announced today ongoing negotiations with a public entity that offers a large music video social platform. Strategic Rare Earth Metals and its site, Mobile2Earth.com, are in the process of new product negotiations to develop a social networking iPhone application
for a major public company. A final meeting is scheduled for this week with the public entity, and news is expected to be released on Thursday, June 10, 2010.
Tony DiBiase, CEO, Strategic Rare Earth Metals, stated, "The negotiations are looking very positive. We are excited about the potential, and we will keep investors posted on the progress. This agreement would provide a major push into the social networking platform market."
Second bit of INFO!....
"Encounter Technologies CEO Richard DiBiase stated, "We are very pleased with the current results as we have not officially launched the site yet. The traffic generated to the site during the past three months has been through word of mouth. This is an exciting time to be in this space, and we look forward to our launch on June 1st and continuing to deliver a unique and innovative environment for our users."
WTH??... one brother?(Tony) developing the iphone app for a "public entity"(I HIGHLY! suspect this to be ENTI considering their involvement in the "music video social platform") that is run by the OTHER brother?(Richard)
Just how STUPID do these CEOs think investors(smart ones at least) are??... did they actually think nobody would DISCOVER! the connection??
I suggest ppl investigate this connection for their OWN! good.
GLTA!!... I think your going to NEED it... SOMETHING! is starting to STINK!!!
LOL!.. you won't have to worry about
;)... Yessiree!! ENTI "ATM" at its BEST!
GLTA!!
Took the WORDS! right out my thoughts. We've been speculating(R/M possibility) since the TEENS(well at least me)! IF they(scam, SEC posters) weren't "concerned" then... BUYING! the stock... why NOW??
RNWF has been "speculative"(rumor) from the START! which is NOT! a basis for legal action in every sense.
I just have to LOL! at some ppls "motives" from the statements they make... CLEARLY transparent.
GLTA!!
OUCH!!.. ppl chasing GHOST!(SSPT suspect at BEST!).. LOL!
Thanx!! for the QUICK! money....
GLTA!!
10Q posted... "..Still waiting on that next RS.".. may be here SOONER! than you think.
O/S---> May 24, 2010, 1,956,466,735
The A/S is 2.5B!.. onlyyyy ~500M to go the MAX.
SIGHHH :/
GLTA!!
NO-BRAINER!.. for REAL!.. AND! that doesn't even take into account the forthcoming QVC!! #'s.
GLTY!! and ALL!
Yeah, we could have ended much HIGHER!.. LOL! Seriously though, if you consider "half" the volume was due to "short position(s)"(MM or "other(s)"), SOMEBODY was caught by SURPRISE! on the earnings.
Tomorrow should be interesting....
GLTA!!
Gotta LOVE! it.. BGNN the "Green Machine" is running on ALL! cylinders with "net" PROFIT! to spare.
GLTA!!
OK, let's take your point. WTH!.. ONLY 1/2% take on "gross transactions".. you gotta be KIDDING!
500K X 1/2% = $2500 = approximately the TOTAL revenue in the 1st Qtr. 10Q.
What a JOKE!
GL!!
"...net income of $1,377,137 for the three months ended March 31, 2010.." says it ALL!
further stated....
"Total revenues increased 182% for the three months ended March 31, 2010. Gross profit increased 292% for the three months ended March 31, 2010. Total operating expenses decreased 1% for the three months ended March 31, 2010..."
Now how many "pennies" could report #'s like THAT!.... hardly ANY!
BGNN is FOCUSED! and it's paying off BIG! dividends.
GLTA!!
Cheap shares???.. LOL!! Please valuate the share(s) of a Co. that had TOTAL! revenue of $2200.. a LOSS! of $18K... and a Cash position of $500!!... still LMAO!
Really the ONLY! cheap shares to be got are the shares @ PAR VALUE! based on THAT! 10Q.
GL!!
LMAO!!... "November"??... for the ROI?? I DON'T marry PENNIES!, I trade them... and I think that's what MOST! penny players do.
For that matter, I'd be SHOCKED! to see the same ppl posting now come November!!.... unless they have "no choice"(Bagholder).
If you want to marry CMSI, that's YOUR choice. HOPE the "engagement"(6 MONTHS!.. Nov.) is worth it. LOL!
GL!!
Yeah... "someday"... the question is WHEN??
GLTA!!
Based on the Q!!... CMSI is wayyyyy OVERPRICED! whether they're legit or NOT!
GLTA!!
ROTFLMAO!!... just goes to show you that CMSI still has a LOT! to PROVE(profitability)!
Worth ~15M(Mkt Cap) at THIS! point???... I think NOT!
NEGATIVE! $18,589 in Net Income... $502 in Cash... tell me WHY! I should pay a PENNY(.01)!! for this.
"Projections" DON'T! cut it.. because they may NEVER! materialize.
I see a big BLOODBATH! on the horizon.....
GLTA!!
WRONG!.. you're NOT "entitled" to the divy just YET! THAT will be determined on the EX-DATE!
Buy and sell all you want till then.. BUT! you better be in by 6/1!
GLTA!!
Back to SQUARE ONE!(All that WASTED speculation).. I TOLD! you this was the case 2 days ago.
The NEXT question is... can this HOLD the gains it saw last week on the MISINFORMATION??
GLTA!!
"increased investment"?? Why not just WAIT to see what the pps is on 6/1(last day to qualify).. the pps could be CHEAPER!. WHY would I want to buy now after ~ 1000% increase in pps?? I'm betting that the pps will surely FALL! at some point.
GLTA!!
Umm.. ACTUALLY you have up to 6/1(day before "ex-date") to QUALIFY for the split... this IS! a split that involves an issuance >25%.
Thus, the rules change slightly from a <25% issuance.
Therefore, the term connected to the distribution...
Due Bill Redeemable Date: 06/04/2010
http://www.otcbb.com/asp/dividend.asp?sym_id=cmsi&sDateType=ex_dt
... is telling you that the T+3 rule must apply to shares purchased on 6/1, BUT! you do qualify for the distribution.
Trust me, been THERE! done THAT!
I DO agree that considering the 10X REDUCTION in the pps POST-split, makes the current price a HUGE factor.. a little PRICEY??.. we shall see ...
GLTA!!
GRGR has a SOLUTION! that is "government"(FEMA and EPA) APPROVED!
The FIRST mention of GRGR's product from a third-party media source, get ready to RUMBLE!
GLTA!!
EXACTLY!.. as a "FEMA Contractor"... GRGR can come HIGHLY! recommended to BP to help contain the spill.
If you don't know by now.. BP is DESPERATE!! for ANYONE! that can help in some form or fashion.
GLTA!!
The BEAUTY of using wood-chips as an "oil absorbent" in the Gulf is that AFTER they've absorbed the oil they can be RE-USED(sold)! as a fuel source.... 2for1 !!
Doesn't get any better than that when it comes to using a GREEN! method for this Gulf disaster.
GLTA!!
The ESTABLISHED! government connections is what sold me.. it can move you to the FRONT of the line under the right circumstances.
... and their product is PROVEN!(Courtesy of the EPA!).
GLTA!!
That's all I'm saying.. ppl LOSE! money on "penny stocks" such as MOPN EVERYDAY! based on "unrealized" expectations.
GLTA!!
Well, I trade based on AS/OS! which O/S= 203.5M! at the moment and those 203.5M Outstanding can become the "float" at ANY! time, unless you have evidence to the contrary.
Proceed with CAUTION!
GLTA!!
$1??.. that would make the MKT CAP= $203M!! For a Co. that hasn't said ANYTHING in the last 2 years(DARK designation)... that's a pretty LOFTY! projection.
Even with the present ~25M Mkt Cap.. we still DON'T know if they even have the capacity/material to justify that Mkt Cap.
The REALITY! of it all is that MOPN is in a "bubble" from the oil-spill hysteria(justifiably so), but it can all come crashing down if the MOPN #'s DON'T! add up.
GLTA!!
Someone posted last week they lived ~40 miles from MOP HQ. Said they where going to check it out this past Thursday. NEVER heard anything.. hmmmmm.
GLTA!!
You STILL didn't answered my question.. are the VAST! majority "restricted"??
If you can't answer that question, then you really have no clue of what the ACTUAL "trade-able shares" count is... as far as the pps... that's all that MATTERS!
Like I and another poster stated, based on the shares traded on the "run-up", it's estimated to be around 450M+/-.
GLTA!!