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What?! Was there a PR? You said there wasn’t going to be a PR. We could call mexus to get it confirmed?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150456605
“Kevin failed to mention the reduced dilution if the GERS price goes up”
We’re running in circles here.
Read back on the posts around this conversation proofing how YAGI played this game before.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150180674
What the result was:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150173102
And why the dilution would be too much:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150185751
Mexus is building the perfect storm!
“There's always the possibility that Greenshift may be in excellent financial health”
I don’t think so, the loans where toxic. However GERS will be in excellent health if they win the lawsuit.
“Personally, I think the company is financially very sick and that Kevin is trying to hide this fact from us for as long as possible”
Everybody (most) knows about the loans and that GERS was financially very sick. That’s why all the dilution happened. However those investors are only interested in the outcome of the lawsuit.
“I think the market for our stock proves it by trending down”
GERS gas been trending up the past two weeks if I look at it the way you did https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150341604
“That's exactly what happened with Bitzio. Their shareholders weren't told about the empty corporate office by anyone in the corporation. The same thing could be happening with this company. That's why it's important to get up-to-date financial information on a regular basis.”
There’s a big difference between Bitzio and GERS. Bitzio was a shell holding GERS. GERS is the mothership owning the patents that are part of this lawsuit, and GERS is part of this lawsuit. That information is available on pacer. And we own 20% of GERS. That can’t be changed without filing. The BTZO deal was reversed, with that filings where undone, so there wasn’t a change in ownership, so there was no need to file about that.
There’s no doubt the stock price has been helped with not filing. Without that we would have gone through another reverse split by now.
Maybe some of the usual suspects can bring some excitement. I’ve almost been missing them LOL
“the Greenshift CEO is a bigger joke because he expects the GERS price to move higher”
Where has he been saying that?
Yes LOL indeed...that would be the biggest joke ever !
No need, where still in an uptrend! Happy anyway. It may go to 1 cent too, and I will buy some more shares.
Check again!
It’s official GERS has been trending up since the past two weeks!
For me, there are two bottom lines. The GERS price and the number of shares I own. The price has been trending up since July 22nd and I still have the same number of shares that I did more than a year ago. Nobody has been willing to sell a few thousand shares even when the price was more than a nickel each. Anyone who is confident of a big lose in the Appeals Court could stop wasting his time and energy and dump his to him ‘toxic’ shares, but no one has done it. That statement speaks volumes about the confidence that the current group of shareholders have in this stock.
LOL
“Before July 17th, there were many trades in GERS stock made at 9.35¢/share.”
GERS always has periods of trading at a certain price for a while. That’s because there are so little shares available and most are holding.
If you want to know why, I suggest you read a couple of months back, through the other replies on your posts.
You should read better. I didn't say walking across the room. I said Crisscross like GERS moved until you said "Stop!" Marked that point at 9.35 cents, said "walk" and then said "stop!" again, marked that point at 6 cents, drew a line between those points and day that's the trend. Totally leaving out that before that GERS had several periods of staying level either high or either low and moving in between that. Sometimes staying level just like it did now.
When the moon isn’t enough, a slingshot might help!
Status was updated April 1st this year, so maybe the ownership changed.
It wasn’t about a buy or not, but about the very wide definition and flexible you use for calling something a downward trend.
MXSG is doing great! Hope to see some news again next week.
Forward stock split this year?
So first it was all about a price trend based on a three months chart for the past two weeks "After you filter out the double-digit percentage".
And now it is brought back to a buy on July the 17th compared to today's price and you call that a trend?
That doesn't sound like the right way to perform TA on a stock. You could just as well use a Ouija board.
I see what you mean. However, what I don't get is why these movements with very low volume are so important, and why it isn't important that when you look at the six months, or one year chart you see that GERS isn't following any trend what so ever.
It seems to me like trying to predict the lotto numbers based on previous numbers.
Don't understand me wrong, TA works sometimes for stocks that are traded a lot, where traders use algorithms, but to use it on a stock that has almost no volume and that just seems to be floating around, makes little cense to me. Maybe some short term trader accidentally did find GERS and thought it was nice to buy and sell on the fluctuation. Do you really believe that the price movements, caused by his/her actions will last very long? It only takes one person to decide to buy a relevant amount of extra shares, and the price moves back up again.
“After you filter out the double-digit percentage moves in the GERS price, I see a downward trend”
Can you show me how you calculated that and what is looks like from the beginning of this year?
Great to read the update! Looking forward to the days, weeks and months ahead!!!! Thanks for sharing!
August 4th tomorrow... YEEHAA!!!!!
My bad, I was talking about the closes. You're right that there have been some dips. But those only lasted very short. When a market maker processes a larger order at for instance 3 cents and there are stop losses going of it can be that the price drops below 3 cents for one seller and is above 3cents for the other. The buyer gets an average price of 3 cents, but the chart shows that there has been a sell at 1 cent too.
But anyway, let me rephrase it. the bottom closing price hasn't been below 3 cents. And I got in at al lower price, so I've seen the bottom since I got in and since it past the three cents price, it has never closed below it, leaving me in the green every single day.
You can read it back in my posts here.
I just found out I got in even at a way lower price:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132081277
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132083196
Not able to find the buy that added it up to 100.000 shares. But the post about that is in there too somewhere.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132206128
Volume will be great, the finalization of the lawsuit will draw a lot of attention to GERS. Combine that with a 2 million shares stock float and it’s dynamite.
But this is the PEIX borth, so if the discussion isn’t about the relation between PEIX and GERS, I’m asking you politely to avoid discussing it here.
I don’t need to proof it. But I was very critical about GERS until the last RS. I got in then and bought 100k shares at 3 cents. I wasn’t making a secret of it that even though I had been following this stock for years, thanks to Slashnuts his posts on the PEIX board, it was possible that my negativity about GERS could turn around if I thought they could actually win the lawsuit against PEIX.
That negativity changed when I noticed things changed after the RS. I’ve watched GERS go trough a lot of RS, and noticed soon this one was different, due to the absence of dilution. Nobody12378 did an excellent job keeping everybody updated about the status of the lawsuit, and along with Slashnuts his information and the information shared by others and the info I did dig up myself and shared painted a picture I liked. So I got in, and have never been in ever since.
No need to share the proof of my buys. Like you I want to keep my personal information private. Even even if I wanted, my broker doesn’t keep digital historical information. And in the Netherlands we can not get a tax return over losses on investments. We just need to pay a certain percentage over the total of money we own. No natter what we bought if for, so you don’t need to keep receipts of stock buys.
Thanks Slashnuts, great post again!
If GERS wins the lawsuit look for a share price between $1 and $6 based on what CC is aiming at, calculated from the deal they closed on trading in 10 million fee to brake even fora 15% contingency fee. That means they aim at $150 million at least. 20% will go to the common share holders. That’s 30 million. With 20 million common shares, that means at least $1.50 a share.
Cantor Colburn are well known as a law firm specialized in patent cases. So they will not risk 10 million without a reason.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132476415
That money will be enough to compensate for all investors that got into GERS after the RS.
So when it comes to PEIX losing the GERS lawsuit, no investor holding GERS shares will be unhappy.
I don’t expect it either. But, I see selling plants in a situation where these plants add to the losses as a wise decision. The money could be used to reduce the debt and there will be less future losses. Also it might be that these plants are less profitable then others they keep making it easier to make a profit. Yes, the profit will be lower then when all plants are running at a profit. But it’s better to be a smaller profitable company, then a large company with losses.
PEIX can focus on growth once times are better, but for now it’s more important to reduce the losses.
I’ve seen the bottom at 0.03 so far. With hard to buy and sell I mean buying 50k plus shares around 4 cents and selling around 9 cents.you can buy and sell around 5 to 6 cents, but that doesn’t make much money.
Yes that's true. But IMO it's the best lottery ticket one can buy. However, normally people want to buy lottery tickets that have a chance to pay out fast. Many people in pennyland prefer to see results quickly. That's where GERS also differs a lot from a lot of other stock. It isn't a stock for daytraders or for people to put money in they need to use within a couple of months. Some might not realize that, or might suddenly be in need for a few $$
By the way, IMO GERS might go down more. As long as it isn't the dilution we used to know. I might be adding if they hit the right level, but I don't expect that to happen since I don't think GERS will move below $.03
Did you by the way calculate how much 3500 shares can be worth if these calculations are right?
Not bad for a $160 investment, right? Better then putting it in a piggy bank.
Could be, but as I've posted before, there are some brokers out there that have very small or a free amount of trading costs for new investors. The buyer might be gambling in more then one stock which has huge potential. The seller might have placed a sell order without the AON.
The percentage at penny stocks isn't comparable to the NYSE and NSDQ. Money wise yes, but since they are mostly sub dollar and with a huge spread and involving mostly smaller trades it's hard to make the same amount of money.
To a beginner it might look like a huge opportunity to make money, to a GERSlander it is known that it is hard to sell or buy many shares, you would have to be very patient if you want to make a large profit on more shares.
However like I've said, GERS keeps on hovering between 0.03 and 0.11 giving anybody with that knowledge and the knowledge that news isn't anywhere near the chance to play with their shares and make a buck on the side, or get some free shares.
Okay, thanks for your honesty. I recommend to keep an eye on PEIX the next months/years, maybe something changes that gives you a nice entry point once the ship really turns. You got the benefit of knowing the book value. Once the earnings start to increase, it might be a nice accelerator.
There are always some in experienced buyers and sellers. However, those act more like we've seen with BTZO.
You're right its pretty common for OTC stock to have a large spread in bid and ask and to trade less then a NYSE or NSDQ-listed stock would do. But they often move within a way larger spread, or stay as level as GERS does when they are close to $0.0001.
Gers has been trading now for over one and a half year between $.11 and $.03. Those trades have been done with a small amount of shares as well with over 100.000 shares. Not the typical paint job which often only requires a few hundred shares to make the stock move up again, which is easily possible with GERS.
In the past GERS has known it's share of people trying to bring the price up making a quick $. These actions fully disappeared at GERS. Which is also pretty uncommon. IMO that's because the small float GERS has. There are simply not enough shares available for hypers.
IMO GERS is waiting, this stock and its shareholders are waiting. Sometimes somebody comes by without any knowledge or with the wrong reasons to buy this stock and sometimes somebody loses his patience or is in need for the money. Also sometimes somebody might be choosing to add to his/her/its (it's pride week, so let's not exclude anybody) position.
But I don't know many stocks trading this way. Do you? Maybe you can point them out to me?
I'm always honest in why I hold or why I sell a certain stock. And also why I don't practice what I preach like holding PEIX while I think it might be smarter to sell.
Can I ask why, since you seemed pretty convinced that the book value of PEIX, and all the positive PR surrounding the earnings, would turn this ship around, you chose to abandon ship?
The question one should ask is:
“How come that a stock that isn’t filing, and where there has been no news, still has a bid and no body really seems dumping their shares?”
If there where insiders buying or selling, don’t you think that would be about way more money then a couple of thousand dollar?
Also, the main insiders do not own the common shares. KK owns GERS through the umbrella construction with FLUX so no reason for him to buy or sell common shares.