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Andy, why don't u sell your shares?
MD, you're point is well taken
MD, the auditor is not the reason. If the auditor is given enough time and information, Flameret's books are not hard to do. Glover, u have to step up to the plate. Blame yourself, u r the CEO and the one responsible for insuring you comply!!!!!!!
that would be illegal. he has issued press releases to inform the investing community of what is happening at FLRE. its up to the investing community to determine what the price of this stock should be. quite frankly, if you read the releases, it would sound like he is pumping the stock. that would tell me he wants the stock to go up in price. what he needs to do now is deliver on his releases. if he does that, the stock will go up. if he doesn't, it will go down.
Andy, you have so many questions. Why dont you email Glover and get the answers? it might help u and us to understand.
is that for today?
for the biggest bang for buck, the ideal situation is a short squeeze that occurs because of "good" news. no "good" news buys (pardon the pun) the shorts time to cover. if the nakeds cover, then the only hope is for the company to deliver on their statement of 45M. if they do deliver, this stock will fly and it could go from less than a penny to more than $2.00 in a matter of days provided the shorts haven't covered fully.
Look, the reality is this is the OTCBB. we are not talking IBM. we are talking Flameret that has had no sales and can't file on time. the OTCBB is far from the NYSE exchange. games get played on this exchange and investors typically lose on this exchange. when you entered your first order for the OTCBB, you were required to sign a waiver that stated you were aware of the funny stuff that goes on. case and point.
as for Flameret, they have a product. if they deliver on their quidance, then we are off to the races.
dont rely on market forces to make your money, rely on management.
Mshah, there is only one thing that can move this stock at this time, NEWS!!!! Good news!
As time goes by, the naked shorts will continue to chisel away at the cover there are being forced to do. 2M shares a day and they could have the naked covered in a month or so. then, we dont have that to count on.
for the best bang on investment, we need NEWS now and between the covering and good news, the share price will run hard. $ 1.00 is nothing if the timing is right.
Glover NEEDS TO DELIVER.
no CONTRACTS, no records. Glover, we are waiting to here of these contracts!!
point well taken. i am hoping for all good news, no blips!!!!!!!!!!
Gmarc3,
While i understand your point about filing, really, how difficult can it be to do a return when your sales figure is very easy to track..... $0., virtually no expenses, little R and D, no staff, no payroll. Truthfully, a monkey could do the financials for this company in one evening. Credibility comes by doing the right thing. The least they could have done running up into this "surge" everyone is expecting is FILE ON TIME. its all about CREDIBILITY!
I am long on this stock. Glover, if you are reading, get your act together. Remember, a monkey!!!!!!!!!!!!!
are they producing with or without contracts in hand? Are we able to get this information?
K4, we need confirmed contracts or else all we will do here is "bitchin".
we need announcements. not fluff. actual, real contracts. then this will run........
Viking, what happened here? we went from hundreds of posts a day, optimisim on price and imminent releases from the company to NOTHING.
let's hope this FTD regulation truly shows itself starting today. many have been waiting for this moment.
this is an fyi. if you are considered a market maker (mm), you are mandated to be on both sides of the market (bid and ask). mm's wont be the one's caught in the squeeze.
today is a big day. we are all hoping to see the squeeze. can anyone confirm if the block on short selling is going to start?
PhilCheeze,
Thank you for the info.
Thanks PC, your info is always valuable.
are u able to comment on my question from yesterday?
is the restriction to short sell imposed only on those that are failing to deliver or on the whole trading industry?
i think we all concur, contract news will move this stock.
http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold
flre is on the threshold list.
when they are signed, they should disseminate to the investing community. when there not, it leaves room for manipulation, both ways. if u wanna be legit, you have to release this info to the public. as of now, we have nothing in writing, so no sales means no pps price. we want this thing to move, Glover has to come out of his shell. suspicion is not good for the market.
they haved signed contracts to manufacture and distribute. i read somewhere that they were waiting for final testing of product in december before production begins in january. given this, i believe contracts are not yet signed. several pr's have come out saying they have great interest from prospective clients across the USA, Canada and in particular Asia. no contracts have been confirmed in writing to the investing community. i believe until we see those pr's come out, investors will continue to believe that flre is a scam and the preceeding pr's are nothing but fluff. i would like to believe you can't put out so many pr's saying big things are gonna happen and then not deliver.
in september, Glover released the distribution agreement with Gibraltar. in it, he said that he was committed to restoring shareholder value. at the time, the stcok was at 10 cents. obviously, he thought the value was low to make that statement.
i dont think he expected the stock to be walked down to 1 penny range given his comment.
he, as the leader of the company must think this stock is worth much more than 10 cents.
he needs to deliver contract agreements with confirmed revenues to make this happen. otherwise, all we can hope for is a squeeze.
to get best bang for our investment, we need a squeeze WITH sales confirmed to 45M. if this happens, this stock will run hard IMO.
PC, i do appreciate your info.
is the restriction to short sell imposed only on those that are failing to deliver or on the whole trading industry?
if it is on the stock as a whole, this could be huge.
if it is just on individual trading companies that are failing to deliver, it may not be as big a run.
i understand that Monday will be day 35 on the FTD list for FLRE. must the nakeds cover or is there a way they can prolong the cover prior to being forced.
what prices do u see for this stock in the near future? what do u see for the long term?
do u have an exit strategy, ie price?
PC, how many shares are u in for?
this stock needs a press release confirming a hard contract to SELL their product or no movement will occur on this stock.
MD, i appreciate your comments however i believe there is a difference between giving revenue guidance and actually staing in a PR that revenue contracts are on hand. someone posted here that there is still testing going on before production can start. i doubt contracts are signed if testing is still going on. also, where do we see it confirmed from the company in writing to the investment community that production is to start at the end of december?
if this info is coming from Glover, should he not be disseminating it to the public in a news release?
i am long on this stock but believe any movement in this stock will only occur when the revenue stream is validated by orders!
Vicking, i believe the question being asked is "what makes us sure they are going to be forced to cover". i see the point tarkless is making. everyone keeps posting the fact that "nakeds" will be forced to cover. Tarkless wants to know how this can be confirmed with certainty.
PC, with no announced contracts, how can one believe this stock is going to fly. i am one to wanna believe, however isn't a contract in hand an essential to get value out of this stock beyong a short squeeze? are u speculative for a pop or are u looking for real long term capital appreciation?
Thank you!!!!!!
anyone have glover's email address?
Has anyone been able to ascertain any info from the company as to when a contract announcement is/could be coming? there has been a lot of hype but hard core announcements is what will make this stock run!
the list of releases is adding up. with these targets, its only a matter of time before investors jump on board and a move happens. throw some news releases that have contractual values firmly in place that validate the targets, the short squeeze happens, and Bob's your uncle.
http://otcpennystocknews.blogspot.com/2011/11/undervalued-microcap-company-clarifies.html
new targets established by otc
lower $ 2.53
upper $ 5.06
mid range $ 3.80
Not greedy here, i'll take mid range
thats what i was saying, "until then, its a wait and see". the nr's are only fluff until they deliver. "IF" they deliver, POW Batman.