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Looks like 2's might be coming again, good news is no dilution, bad news massive retail dumping
No, just retail. Not being pumped by the company and all diluters are still no where in site.
This is worthy of a hold of more than a couple days and will test the 50SMA sooner than later
Someone sure wants 5's this morning, all buys 25M and about 80M or so on the ask, keep chipping away
Go figure they provide proof to back up the PR in October stating they had a sugar contract and the stock responds by going up, who woulda thunk.
I guess damned if they do damned if they dont. they stay quiet people yell scam, they provide news and proof of contracts people yell scam. I see a trend here
So they told the truth about the sugar contract, the timing of the 8k, the fact that they do have a CAGE code, but they are lying about the Gov contract. Lol, if you believe that I have a bridge for sale
Those transactions were not purchases. They were transfers and offerings of shares for payment for variety of things. All of which is in the fine print of the filings bit they were not purchased from the float
The float is not 35M there has been dilution over the last month and the increase in O/S was to satisfy reserves due to convertibles. The float is mor like 90M or closer to 120M. It traded 25M the other day and if most here are holding what they claim then that float number is just plain silly
Just because others are skeptical does not mean they should change their strategies, they have a very professional, experienced and top notch board that knows exactly what they are doing.
They PR'd the deals back in October, this is them following through with that PR via social media, perfectly acceptable. I would rather have less PR's that have more substance then the constant spewing of fluff PR's that often hurt a company as on the OTC they are used as fodder for flipping
Yup, if you look at pictures on facebook it contains all necessary info to verify that the pictures are accurate and reflective of actual shipments made
Do not expect them to PR every single contract as what other companies PR every contract that they fulfill.
The news last week was much more than a single contract as it informs shareholders that they are now certified to do ongoing business with the Federal Governement due to the granting of a CAGE code and the hiring of deal maker Eric Malstrom
They will update via facebook and twitter for other non PR worthy items such as pictures of them fulfilling an order.
Check out Sooums website and facebook, recently provided pictures of sugar shipment which can be verified via tracking info in pictures
http://www.sooum.com/news.html
lol, a lie but they have a Cage code that can be looked up by anyone. So how is it a lie?
https://www.sam.gov/portal/SAM/?navigationalstate=JBPNS_rO0ABXdcACJqYXZheC5mYWNlcy5wb3J0bGV0YnJpZGdlLlNUQVRFX0lEAAAAAQApdmlldzplZWE4Mjg4ZC1mNTZhLTQ4YjUtODgzNC04MDI2YTEzYjQ4ZTIAB19fRU9GX18*&portal:componentId=220e071f-e75f-417d-9c61-027d324c8fec&interactionstate=JBPNS_rO0ABXc3ABBfanNmQnJpZGdlVmlld0lkAAAAAQAWL2pzZi9kYnNpZ2h0U2VhcmNoLmpzcAAHX19FT0ZfXw**&portal:type=action##11
etrade wont let you short penny stocks
baby steps, thats what people were saying about 4's yesterday and now we are looking at wall on the 5's
As long as this continues and no 2's are touched and we close at at least 4 then this will hit a lot of scanners as the trend continued and did not retrace.
Higher highs higher lows
with the lack of dilutors on ask this may rebound much faster than expected, if volume keeps up and they play nice the 200SMA will be tested by end of month
BKRT on the bid and has ask set at 1.00
Yup, need to have .005 become support as that is the conversion level of the options granted by the company so would make sense as that should be the true bottom of the stocks value
Yup especially of 2 is not hit
News yesterday in addition to weekend pics of sugar have validated everything. and the projections in this pdf are the same as the excel file that was available on the Sooum website a month or 2 back before it was made private
http://www.swrfowners.us/SOOUM-OfferingMemor.pdf
If they can execute 25% of their projections, I plan on paying off my mortgage with my 10M
If their projections even remotely come true then yes they will buy back shares as they should have good margins with their business
I keep having to up my orders as this is moving much faster than i thought and dilutors are gone
If we can avoid any 2's being hit and can close at 4 then we are golden going into next week
VFIN no where in site, BKRT at .01 keep the pressure on
Good job guys, BKMM at .006 he is moving back with ease
Lots of info for Cage code
NAICS Codes Selected:
Primary NAICS
Code Description
Yes 522293 INTERNATIONAL TRADE FINANCING
PSC Codes Selected:
PSC Code Description
8945 FOOD, OILS AND FATS
8910 DAIRY FOODS AND EGGS
AD57 R&D- DEFENSE OTHER: FUELS/LUBRICANTS (COMMERCIALIZED)
8810 LIVE ANIMALS, RAISED FOR FOOD
8925 SUGAR, CONFECTIONERY, AND NUTS
https://www.sam.gov/portal/SAM/?navigationalstate=JBPNS_rO0ABXdcACJqYXZheC5mYWNlcy5wb3J0bGV0YnJpZGdlLlNUQVRFX0lEAAAAAQApdmlldzo5ZjRkM2VlZC1hNTE3LTRhM2ItYjQxNS1iZTVhNTZmYTMxYTgAB19fRU9GX18*&portal:componentId=7b9b1ff4-9b43-460c-9313-a2fabdc07366&interactionstate=JBPNS_rO0ABXdGABBfanNmQnJpZGdlVmlld0lkAAAAAQAlL2pzZi9lbnRpdHlTZWFyY2gvZW50aXR5U2VhcmNoTmF2LmpzcAAHX19FT0ZfXw**&portal:type=action##11
Convertible note, they would be VFIN and BKRT that has been dumping
Even after recent dilution the current float is no more than 150M, this can bounce hard with the right amount of people holding.
Has great management in place that appear to be smart, investor friendly and intentions on building quite the conglomerate in the Brazilian market.
200SMA is at .04 and can easily be tested is people are willing to hold
welcome aboard abazaba, thinking between this and Sooum its going to be a good couple months
Agreed, and for all of us who has been here this validates everything.
they have proven multiple contracts and the infrastructure and connections for many more.
Again, a government contract with the US legitimizes Sooum's business and will open many other doors
Looks like VFIN might be diluting so who knows, could be converts from prior SWRF
I may agree, but news is not fluff and has been verified, so regardless this is great for long term prospects
Understood, just wanted to clarify as that is typically the MO of stinky pinky, release non substantiated news and dilute, but this news is massive and just makes me that much more comfortable holding
People have been saying that they are short here, now are they to be believed? who knows but if you were short you would need to do everything possible to keep this bottled up until you cover or you'd be nailed to the wall
We don't, but we do know that the news today was not fluff or lies as it has been verified to be 100% true
I don't even care what we close at today, this news just validates all the DD and shows we are on the right path
People complained about lack of detail on contracts, we got pictures of them shipping sugar and now we get confirmation of government contracts that has been independently verified, what more could we ask.
VFIN on ask but showing 25M, not dilution or it would be 10k. To me someone trying to scare and load the .0003s
they are not setting themselves up for just one gov contract, this is just the beginning and will legitimize their business to other countries
Join the party bones, revenue generating company with Gov contracts and excellant BOD
was gonna trim some at .0015-.002 but this news has me strapped in for the ride, pennies are absolutely doable with the right news and momo
So much for not having any contracts