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That is real simple. Typical reverse merger. He gives over the shares in his old company in exchange for shares in the public company. No one gets paid twice. He gives all shares in exchange for new shares. Those he keeps.
Thats me supporting at 0021 i supported 5 million at 0023 but got knocked out quickly
STOP SELLING IT WILL NEVER MOVE IF THIS KEEPS UP
Would seem like it to me. I guess the cash part of the deal was done by private investors and the rest was shares..hey for a company that did 7 million in revenue last year the shares given seem a better deal for us than them
Shares issued are okay because they are restricted. Restricted shares cannot be sold for a year and then can only be sold in small amounts - 1% every 90 days. This means no real dilution for us. We get the value of the companies with no dilution.
its only 2600 bucks not that hard to make those buys
I'd be surprised if any intelligent investor was selling let alone anyone who has a conversion since they can hold until whenever they want...wouldn't it be wiser for them to hold em off and sell when its more valuable when the company gets a real valuation
TIMMAGE,
About your private message concerning MAUG being a good deal since they only have 140mm outstanding. This is exactly how investors get duped and lose money.
The market cap is the only thing that matters. They have a 4.6 Million dollar market cap for a shell. That is a sure way to lose money. PLKC has a 1.5 Million Dollar market cap with a company in it and another company on the way with 7 Million in revenues
That sounds like a deal and MAUG sounds like a sure way to lose money. SOunds like the CEO of MAUG is cashing out big time.
This sucks ! Its like news comes out with no effect. We were lucky that there was no reverse split yet (since most companies do that like 1000:1 on reverse mergers)
I got a feeling that if it doesn't pick up soon they will do a reverse split so they have a reasonable price for real investors.
It won't hurt us since the float will be the same so the price should still reflect the market cap divided by the share price.
THIS IS CRAZY, shells are trading at 10x our price.
seems ETRD has been a big seller in the past few days. Someone must have accumulated alot and now dumping
seems ETRD has been a big seller in the past few days. Someone must have accumulated alot and now dumping
Why do you think it did not gap and there seems to be no buying interest ?
Harr,
That is what I keep asking ! The obvious answer is the people who bought small amounts at below 001 are now dumping because the stock is up 5-7x what they paid for it and they don't seem to care about more upside
ticks me off too because i have more than i could ever unload at a profit
Guess nobody has any interest in this stock for whatever the reason may be...
Heck, they just announced relationship with Adobe which is HUGE and the stock is barely trading.
Makes me wonder....at least we are not seeing filings or selling from insiders THAT IS GOOD NEWS
Just for the record I have been buying the stock at .0016 all day long...absorbing all the selling. Our group is trying to hold up the stock but the market seems to not be interested in the stock. I was willing to share our strategy of buying 110 million shares so you would know there is backing and interest in the deal as we believe in the value of the companies being acquired.
All else is just speculation, like most reverse mergers which have much more value than the shells they were merged into.
We believed that the stock would easily rise to 2 cents on the merger with Pluginz being completed. I think that the resistance has been because there is so much selling going on the market makers are shorting and the combination is holding it down. So, it is not yet as strong as we expected it to be.
nicely ? we are barely trading and these are 5k bids they are phantom bids try to hit them and they disappear
You can stay without being a shareholder
NO BUT I SEE LOTS OF PPL SELLING SHARES AT 0016 TRYING TO GET OUT. LOTS OF YOU INVESTORS NOT US
Hmm... I don't see much buying at 0017 so guess your wallet is alot slimmer than mine.
On another note...anyone here want to invest in a new product that was brought to us yesterday. We are raising 2 million for it and we are taking investors with a minimum of 15K interested ?
I started selling some but I don't want to tank it because we have 110 Million at average price o 0006. I sold off some at 0016 and 0015.
Btw, it is good that the preferred is still there as it seems the fuldas saved this company from being taken on over by trombly and crane when they stole the majority shares and now got the deal back on the table and happening.
As a smart investor with a huge stake we need to sell when it starts going down to avoid too much risk. so if it cant support itself we will bleed off 5-10 million at a shot
sorry, we have to watch our investment too
I am serious want to see it go to 0003 ?
We are getting out of 110 million now since we have decided that the shareholders will not let this become a strong deal due to their selling....goodbye..thats us at 0015 who just sold and now going to hit bids until done
Okay keep selling and watch it go down to 0003 again
ICURINITTOO..
The reason the stock is at this price is because at 0003 we started buying 110 Million shares and bought it up to here. The fact that your shares are worth 8 times what they were two weeks ago is because we bought so many shares.
If in fact you and others start DUMPING the shares that have become more valuable due to our buying we will NOT KEEP buying them and hence the stock will fall back down and your shares will be worthless again.
HOWEVER, if you are smart and wait to sell until all the good news comes out and the company gets valued based on its over 7 million in revenue (at least 2 cents a share) you will make a killing and be able to sell your stock.
If you try to sell, now that we have removed our bids, you will get filled on a few shares at each price point and then it will drop...example try to sell a million shares and it will go to 0013 or lower since there is no support and bids are good for maybe 20k each.
YOU DONT NEED OUR PERMISSION but we are not fools who will buy your stock at a price that we brought it too.
Guess this aint going nowhere. We have had a series of great releases, a closed acquisition and a second LOI, and still the price is below the price of shells.
I guess there are just too many sellers or too few buyers.
I am holding my 110 Million but I will not sit around supporting any longer like I have been for the past week. This means now its up to yall
I will sit on the sidelines and see how it goes.
They are SHORT, they are not showing our two bids at 0018 cmon guys buy some at 0019 and 002 then hold support with bids at those prices.
We started buying more just a few minutes ago. Help support us so we can hold this thing up or else market makers taking it back down. Cmon lets see a few bids on this thing not just us all the time.
Dude I am not selling a share until this hits minimum 5 cents based on the revenues of DnC and Pluginz this is a reasonable valuation.
I am just stopping to buy more.
I dont want to bring it down. I am just not going to keep buying shares to keep it up if people keep selling lower and lower. Why don't you sit at 002 and buy 100 Million shares ?
Im pulling my support bid since people are hitting like crazy and no one else is supporting now bid is 0016
Basically from what I gather he is nothing just a name there now that merger with Pluginz is complete
No Insider can legally sell shares now especially BAIN no matter how much he needs it.
These are not insiders selling these are people who bought at 0002-0008 who are flipping for quick buck and holding down growth.
Dunno but my 10 Milllion is getting filled slowly and when I am done if they keep whacking its gonna go down
I sold my shares this is going up based on no operations and will come down quicker than a hailstorm.
My PLKC still going strong with revenues of 7 Million US this thing will hit ten cents by end of year !!
IMO STRONG BUY HOLDING 100 Million SHares +
Don't feel bad I just bought all the 0021 this is going alot higher.
Knew that the losers would stop selling as soon as I announced I was bidding for 10 Million shares at 0017
Here they come already
I bought the shares at 0021. Put in bid for 10 Million more at 0017 to support it but this crazy selling is beginning to tick me off.
Damn, you idiots whacking the bid with 2 million and then 3.2 million with ETRADE so early in the morning. Glad to see all those stupid shareholders GO
GSPG has no operations, has more shares outstanding and a share price twice of plkc.
Shows you how foolish people are...
GOOD NEWS..in the long term the smart ones are always the winners.
Unless,.....we go in and buy some more to help it... I picked up 4.3 Million more today...
getting rid of the junkie sellers
ETRADE IS SELLING LOTS OF SHARES...I was starting to support again...was on the bid at 0018 for 2.5 million shares just got hit with 1,900,000 from ETRD who smacked the bid
STOP SELLING OR YOU ARE GOING TO KILL IT'
This thing belongs at 2 cents based on earnings but if you keep selling (you know who you are) we will never get there
HardMoney
That is why I am no longer supporting it and just letting it do its own thing I bought 110 Million + so far but I don't like getting hit by guys like you who say.. I knew I should have sold at 0024 and then buy tomorrow at 0014..
It is not going back to 0014 and when guys like you keep buying and then flipping it is much harder to keep it going to a reasonable price.
This stock belongs at 2 cents a share based on the combined revenues