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Thanks again. EOM
Thank you. I appreciate the post.
I'm heading to UPS now and will do the DD tonight.
Thank you. I actually got filled
today at .0001. Luicky is better than smart.
Yes. That is it!! From one of the
pumping posse. Damn! I thought pink love put me on to something good. I should have known better.
Regained 25% of losses today.
Looking to regain all losses and post green. Then, I will be out of the OTC forever.
OMG. What language from such a cute
and friendly lioness. I'm shocked!
Great day today. Eases the crush
of a few days ago quite a bit. This has more than doubled since the crash to .003. Easier to breathe now.
Thanks for your DD. I was spammed
on this, saw the recent climb, and took a small position. The pps is not retreating his AM. That is a good sign. Volume sucks. That is not a good sign.
I'm the only buyer ths AM.
Hopefully, that trend will change.
Those who bought in the 3s
recently are feeling pretty good now. Congrats to you. This has been a horrible ride up and down. Wonder where it will be next week.
Thanks for the tip. I can use
them. Snow here in Maine today, feels and looks like Canada.
Thanks for your time here.
I did jump in this AM but only bought 50% of what I was planning on buying. Better to be safe.
You make some excellent points.
I need to get out of the OTC.
Sterling, great response. All facts. No hate.
I'm feeling much better about this now. Wish I was here when it was .0001.
Janet and Sterling: Are the following facts
accurate? Or is someone trying to get me to buy as they sell? Thanks.
How do you know that John Park
wants the shareholders to be rich? Has he made such a statement? His history is tainted and he lives on the poor side of town. If he has made such a statement, I would love to read it. I'm not negative, just inquiring.
I've been doing DD on your tip.
The company is involved with Goulding and Park, two very bad people. What do you think? Should I pass on it?
Thank you. The facts you have detailed
make me want to run away from this company. Why does the SEC and FINRA allow people like Goulding and Park to go from scam to scam? How does Goulding manage to stay out of jail to do this? I need to rethink this.
Thank you very much for that post.
I like the fact that the company has already stated that there would be no RS. Waiting for April 15 to get Qtr.1's result is not a problem. My only concern is the history of very bad swindlers being associated with this company, and possibly the newco. A sudden dump of 200M shares, when the price is flying and I'm buying, makes for a very bad year.
I was very surprised to see Amazon
has a par value of .01. I think it is the highest of any company.
Every share of every company has par value
of .00001, with very few exceptions. Even Microsoft, Google, IBM, etc. You need to take an investing 101 course.
Cool beans. Is there any way that you
can substantiate those valuable points with quotes from FINRA, SEC or OTC? Not saying you are wrong.
I agree with the address. Major concern.
There does seem to be good things happening here, especially with the notice of hiring an auditor. Tough to decide. The last person I heard use the term "bandied about" was Groucho Marx in the 70s, on Dick Cavett.
Don't sugarcoat it. Tell 'em how you feel.
Be brave.
I no longer PM. Thank you very much
for the PM. I will do some DD tonight. If I think it works, I wil be on it first thing tomorrow.
What if the merger happens and we
get 1 share of the newco for every 2 shares of IGPK? So, the value of our shares is reduced by 50%. But, what happens to our value when the analysts say the newco shares are worth $10? What happens if their version of E Commerce takes off worldwide? Impossible? What did people first think of bitcoin, at .50?
Thanks much. I've never known FINRA
to act on behalf of an OTC company. Worth a try. Keep us informed.
I agree. 90% of RSs in OTC
are the end of anything good happening. Not many OTC companies are merged into an ongoing and exciting company with revenues.
falony? Use spellcheck when you falsify
documents, which is a felony!.
Thanks. We will know in
eight (8) days whether or not we win, lose, breakeven. Hopefully, we win.
Wish I bought the 3s. Buying 4s now.
These prices will be a goldmine, even if we just get back to .01.
Sellers still in control. No relief yet.
Not so sure about getting more.
Opening up this AM. Tempted to jump
back in and lower my average cost.
Sometimes companies reverse split their shares
just because they want to offer their shares at reasonable prices to attract new shareholders. There are examples of stocks that have prospered after doing so, including Citigroup (C). Citi probably had the most famous reverse split—a 1 for 10 reverse split in May 2011. Citi became a $40 stock and is now trading at $55. The split was billed as “returning value to the shareholders.” The company had already survived the financial meltdown, and had begun paying a dividend, so investors thought it probably couldn’t get any worse. And they were right!
Other companies like AIG (AIG) and Motorola (MSI) have endured—and prospered—after a reverse stock split.
The Chinese company merging is worth 70M.
They have revenues but also have debt, employees, and the cost of doing business. The new shell has no debt, but the Chinese company has the usual big company stuff.
Your thoughts are what I've been saying.
- This RS may confirm the merger and the newco.
- That is very good news.
- The company merging into IGPK is doing a ton of revenue.
- Very good news.
- So, there are 4M shares instead of 4B.
- Very good news.
- Historically, most reverse splits are bad news.
- The existing shareholders sell, driving the price down.
- Very bad news.
- After 30 days of the uplisting, shares can be shorted.
- Bad news.
- The statement that was posted today said that the company would then authorize 2B shares.
- So, it could be wash, rinse, repeat.
- Very bad news.
- Most companies will hit the market with great news very soon after the RM.
- Very good news.
I'm just going to wait. This hit today was awful. In my opinion, we were greedy and a bit stupid, but we were not evil, like Hercules, Backstabbed, Dino, Berkshire and others. Again, my opinion.
Reverse stock splits are generally received with skepticism
if not downright pessimism from investors. They are seen as a sign that a company is in financial trouble and sees boosting its stock price artificially as the only way out.They're not wrong, but in fact, a number of companies have been forced to reverse-split their stocks during a bad stretch only to make a genuine comeback in market value over time.
Good idea. I never should have ventured back.
Was doing fine with NAZ and NYSE.
Are you talking about me?
My stupidity definitely has limits and is not endless.
Now, that sucks!! Guess my $$$ is gone.
I deserve it, as this is the only OTC Pink stock that I have been involved in for years. Going to hang in here.