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Someone is still leaning on it....
Hope this starts rebounding soon!!!
Cash 4 , Thank you very much for posting this.
Please advise Mr. Coker, that he will be considered an insider for 90 days after resignation. Which means that he has to sell as an insider, follow certain dribble out rules and file certain forms with his broker in relations to his selling and buying of stock.
If he has not followed these guidelines he has the liability on selling as an insider and violating SEC guidelines.
I believe The company in essence can file suit against him or file a complaint against him with FINRA or the SEC plus it will also open him up with liabilities with other shareholders. If he did sell and was considered insider trading or violations thereof.
I guess this is a dead horse now?
Looks like everyone went on to the next game already....
Dont see the same posters that were here a couple of weeks ago prior to the massive sell off
Looks like were stuck....
:(
Cash, Don't get me wrong. I am glad you are still here. That means there is hope. Unfortunately, I am not in a situation to average down. I just have to hope to minimize. I don't know who or why the have allowed this stock to be slammed so bad, it showed no consideration towards the shareholders. I hope it can get close to my cost of entry. But there has been over 7 million shares traded in the .023-.06 range. Why did management let this happen. I understand capital raising, but some boneheads dont understand how to trade a stock without collapsing a market or allowing it to breathe and if they collapsed it on purpose,even worst. They could have raised the same amount of money with trading 1/3 the shares and allowing this stock to appreciate. BTW if I was up from my .15 entry point, I do beleive I would be one happy camper and be posting positive instead of negative.
I guess Cash 4 gave up....
No promotion for this baby....just downward death spiral...cant even get out...
Suks!!
Get going already!!! Starting to like like a bag holder here...
They need to get this moving in the right direction!!
Shooting urself in the foot is academic when you already been shot in the head!!
If they never let it get here...there would not be comments like this... it reminds me of the ole saying...it is what it is...
That is all fine and dandy, but it don't mean a thing to me unless the stock price is up. The stock has been under constant pressure for the last month as it went from .15 -.03. It was suppose to do the opposite. I am feeling like I got hosed big time!!
The current pace we will see .02, oh yeah theres volume, but it dont help if the price keeps going down unless of course I want to sell for a huge loss!!
The question is when? Some posters eluded that it would be this week.
I hope so!!
The Pump and the dump happened already...
The Pump and the dump happened already...
It never should have opened up 300% higher... they screwed it up...they treated as a reverse hence the increase at open instead of a split. No matter, I am out of this... and been watching it to see... lost 50% on this when I sold at .10
Then someone screwed up. The closing price of prior to the split, and the opening price after the split... the market cap should be more or less the same... If the market cap was 5 million prior to the split it should be 5 million after the split, unless of course the stock opened up 50% high post split. Which this did not do.
It closed at about .04 on the day of the split, therefore it should have opened .04 divided by 3 (more or less) the price per share should have been .013 more or less.
That makes no sense. When AOL , Dell or any other company does a split, if the price of the stock is 100.00 pre split , it will be the amount divided by the split.
After the stock split, the price per share will be about .015.
Sub Penny is on the horizon..
Over 800,000 shares and it is still being pressured. That puts the volume at about 6 million shares this week.
They need to do alot better than this...
Still way down!!
Does not give alot of confidence.
This is the problem in a nutshell. My cost basis is abot .14, urs is probably close to that. There has been about 5.5 million shares sold at the .06 and below. That means for it to hit .15 again, those shares are going to have to be cycled about 3 times. Going on the basis that most people will take their money and run with a 50% gain. We will have to go thru 15 million shares plus to hit .15 again. And that is what suks...
some investors sold on the news...as the stock showed no strength it just snowballed until some people panic sold. My cost basis is about the same as yours. I am not a real happy camper either.
Hoping this makes a bounce back to the .15-.20 range.
If they ever get producing and prove out those reserves on escala with a NI 43-101. This could probably hit 5.00 with the current share structure. An analyst has come out and said that silver will hit 200.00 per ounce in the next 12-18 months. That would be huge for the escala mine. What have they said are the probable reserves at escala? Do the math if that analyst is correct. But a couple of items would have to happen. A management team with mining experience would have to come in. It seems that Petty is a business developement guy not an operations guy. He got the agreement in place he needs to get top mining people in to take it home.
I know we are all pissed about the dam huge reverse. But this still can be turned around. But this stock has to get up. Cutting deals for shares at the current price will kill the restructuring and what chance this company may have to make it happen when that silver runs. The posters are correct, FMNJ definitely does have a credibilty problem. The only thing to fix that is to see actual production and revenues.
Are we still optimistic!!
I doubt that it is us with our small positions that have been whacking the bids. It has to be one of the deal makers that got a large position and does not care about the market just wants the cash. It happens in this arena, you know what they say one bad apple ruins the barrel. I hope they found the bad apple.
Get Real....that kind of volume and they leaned on it the whole time. This should have seen major upside today with that volume.
I will vomit more if it goes back down to .07 and below and stays there.
30,000 shares
it aint looking good!!
i have my order in at .115. Buy all of it...
if they can get this to .15 we will be lucky
We can only hope it will go out all week!!
Thanks That is what I needed was a bit of optimism!!
Momentum plays are so sensitive....now the thinking is not about making money it is about getting out whole. I doubt that this will see .20. They will have to go thru the shares that the promotors were paid with and recycle that twice plus the current float. Probably will touch .15 again maybe. Because it is obvoius that someone did not know how to sell today or just did not give a crap!!
Yup....notice that none of the pumpers where here today!! :(
your wish was answered!! They build it back to .14 bid and then they decimate it again!!! Suks!!
Please get us an update...because this sure was a train wreck today!!
Its a struggle today