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I doubt it will ever see .0005 again now. This is so diluted and it's my understanding they've already applied to increase the AS by more than double. If they don't, they can't cover their debt. Let's face it, this is so diluted now it's unrecoverable.
Yawwwwn, we've heard this for months, same as old shorty. Every week we hear "wait 'til next week.....008 and all that hubbub. And not once has it materialised.
You know better. The other guys are on deep shiza and it'll be them paying up.
Next stop is the .0001-.0002 dance, them the "No Bid Waltz."
Yes but a little DD and there are those people who are invested know the suits are going to be off the books soon
I had an order in yesterday for 200k at .0052
This may continue to flip in the .0002-.0005 range but that's about all. The real people who'll be hurt are the longs...they've been played. When it goes bust, they'll put this in the boneyard like the other dead Lumbers.
You could form a society "Dead Lumber Society." Make it a penny investor rehab society.
From a technical standpoint if you did the same type sampling around your yard you might have a gold-silver-copper mine too! Send little Johnny out with his red wagon, plastic bucket and shovel and pick up some surface dirt in the yard and analyse that.
Technical standpoint...this is too much
No doubt. With the pr just out about 1Q the pps went down. With the only revenue stream being the shares coupled with the massive debt...this is just another Lumber ready for the boneyard
What a crock. This weekend. So what's it going to tell us, no revenues and no assets, massive debt, negative NPV? Bs look at the pps after this pr
Big volume at a 33% loss with the bid going down. Time for Lumb and Dumber to open the flood gates and sell off what's left. Once the bid goes back to .0001 and it's only .0001 away, so it very well may, I think that'll be the last of them where the faithful will accumulate hoping to at least average down.
Sad..very sad
I couldn't agree more. There's absolutely no way to prove there's anything quantifiable by the sampling methods performed. The methods performed are nothing more than DD type samples. These are not exploration samples.
I understand the grab sampling but that is company investment DD, part of the field survey and part of the business development process. Been there, done that and calculated risk from this. But this should have been done eons ago long before attaching a share base to it.
It's grossly negligent and completely irresponsible. Grab samples...ask yourself if this is even credible
More surface samples? Agree why?
Then where's the form that he can fill out online to the SEC and report it? If he wants transparency, formally report the crime(s). The MMs have to pay huge fines and it stats on their records forever!
Oh I forgot...it's a bogus claim and no way he'd expose the company. He'd have to open his books then...no way that's happening...ergo, no shorts
Finra is the oversight and they've said "no shorting done on this stock." Plus with the AS and OS almost the same, how can it be shorted? The shares are all accounted for. The TA has said this. The TA would be the credible source to ask about this.
It's mighty funny with all the DD supposed to have been done, anyone is still around. Cold hard facts on the table...good hunting
Hard core facts are yours! Zero assets and zero revenue, negative NPV compounded by $20 mn in debt AND an AS of 10bn AND an OS of 9.9 bn and no other way to pay off the debt except to increase the AS. Those my friend are the cold hard facts!
Why would a company want a jv with GNCP? The facts do NOT support a jv! Be realistic about this. GNCP has no assets, no revenues, is in debt over their heads, has no confirmed new finds, the samples taken are surface samples that are meaningless, ergo no new revenue streams.....what and who in their right mind would enter into a jv with this situation?
One more thing folks. What will the company own when the debt is paid? Someone tell me what the asset will be when that final payment is made?
I didn't see it but will look it up
What part is wrong?
No takers on the facts? No takers on no assets plus no revenue equals no value? Incredible! I was sure there'd be guys all over this!
I heard that since early this year
I think the people are getting wise to this. The company has to increase the AS to cover the debt. Even if you consider the high at .0004, cut that in half when they increase the AS and dilute. The NPV is in the neon RED and realistically not coming out. No PR can salvage this sinking duck. So what's left? Blame the MMs "0l Shorty." Need to start looking at 'Ol Lumby!"
Your correct. But to add to this, I've done some looking in depth. First the company states it wants to "add value" for the shareholders." Let's explore this from a common sense perspective.
First, value should include an asset somewhere. GNCP has none. It should include a revenue stream, GNCP has ONE and that's shares. The company has MASSIVE debt that the shareholders shoulder as you can see it's ALL payable through convertible shares. Last Q, what is the current NPV?
Simple math. Assets plus income minus debt divided into the share structure.....what do you get? And these are ALL facts! Another fact is the company is negative ALL around.
Ok, let project a little bit shall we? What is the financial forecast of the company? What revenue streams are they building? When will the company show a positive cash flow AND a positive NPV?
Confusion... It's really simple. No assets, no revenues or forecasted revenues, with massive debt and a negative NPV....answer the question for yourself....negative value! This is the real situation people and it's only going to get worse for the shareholders when the company increases the AS.
No bid soon after. Since the AS and OS are almost equal, increasing the AS is inevitable, which means more dilution. This company's struggling with the AS as it is, imagine what it'll be when it gets increased.
Even if it were being shorted (which I don't believe it is), when the company starts dumping again after they get a reloaded AS, any shorts then would be easily covered. For longs, this disastrous. For shorts term flippers it has potential.
GL
I made several inquiries in my DD. Some of this has been posted in here fairly well.
Oh let's see...converting shares and selling them illegally...collecting money from clients illegally, stiffed the company on a $5,000 note....
And you want us to think the boot brothers were saints?
Convince me (us) that they didn't break the law, weren't corrupt and weren't thieves.
They get what they deserve, starting with the boot!
I wasn't thinking about the movie as a good analogy when I wrote before but now that you mention it, your right. Creature comes to life (GNCP) hunts down the people who brought it to life (shareholders) and sucks the life out of them (money by selling worthless shares) then tossed them to the bone yard. And at the end, the mummy is sent back to the underworld (FFGO, HGLC, and soon GNCP) after it's shut down. So yes, good analogy.
This is what's incredible. Like Trying to resuscitate a mummy.
Do it yourself. Look at the AS and the OS. Call the TA to verify and update. Ask him for yourself if this stock is shorted, if so how much. Then ask what he's going to do about it "if" it is. There is a form he can fill out against the MM that's shorting, ask him if he's done that...I'm sure you'll find 1 he hasn't because 2 it's not happening.
Someone mentioned this pos going to .0023 soon? I think many would settle for .0013
I don't agree. If you've done your DD you'll know MW is spending his time building the company and cleaning up a mess left behind by the boot brothers (the two guys with the boot print on the backsides).
Who is this person "in the know?" Would it be one of the boot brothers?" (The two guys that got the boot)
What could either possibly say that anyone would listen to?
So do tell who this in the know person is. PM me their name and contact. I'd like to be in the know too.
Cracks me up
All shares accounted for. No shorting. When the AS and the OS are almost equal, it's fairly simple to see it's not been shorted. You'll see when the Thursday shares clear
There's no shorting with this stock. All shares accounted for, the AS and OS are almost equal.
And how are they going to pay for it? Dump more shares? GNCP will have to shoulder a portion of it, they have no money, no real assets and no means to credibly finance.
The litmus test is yet to come. There are things they'll need to do to turn Terravision loose.
Btw, has anyone seen Terravision's financials? Need to look.
Bullocks! There are not shorties. When you have an AS of 10 bn and your OS is at 9.9 bn, it means ALL your shares are accounted for. The company has no shares left to be covered as you say, they are literally dumping the shares left and they'll either have to r/s or increase the AS. Since Lumb doesn't have a history of r/s, then logically he'll go with increasing the AS. My intel says he'll increase it by more than double.
Last thing, still no update from the company on the buy back. Where's that at?