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Extreme dilution, if you look at the continual increase in OS count. IMO.
Hey, bettin against the decent players? I hope for the savvy traders to do well; the undisciplined ones and those who will not think about how the actions are working to move the stock, are the one's I would like to see miss the run.
Peter needs to put out another GOOD surprise PR.
Well, that settles some of my concerns for the time being. Will have to watch VERY closely for how long I can trust their moves.
I will still be trading VERY nimbly - still do NOT trust them.
Bought in full force. Started some @ .112, and finished at .12.
Let her roll, finally!
On the same caliber as you saying that there was no reason for investors/traders to keep track of the OS count on a monthly (or even weekly) basis when I first started posting, because you were soooo certain that Peter was not diluting when he actually diluted our investment from 6M shares at that time to over 32M shares now, just 6 months later.
For someone who gave everyone a hard time for wanting to keep track of the OS count, it sure looks like we put up with heck of a lot of dilution from Peter all the while you and others kept posting that they were definitely NOT diluting.
Jack be nimble, Jack be quick, don't get caught holding that candlestick when it blows up in your face.
Better to sell before the long weekend and not have to worry about what deal Peter is fixing us up with, and buy back the next week if the bad news does not hit, than to hold through the bad news, IMO.
Oh grasshopper, Peter is MUCH more sly than that.
IMO, My worst case scenario would be that Peter do some acquisition in which he says something like, SAPX will give company X 30 to 50M shares to acquire them on such and such date, but then he will RS our shares PRIOR TO THAT DATE and give the company X those 30-50M shares that do NOT undergo the RS, but us current shareholders take the extreme cut all the while that 30-50M shares dilutes the hell out of the few shares current shareholders still have.
You just CANNOT trust Peter and the way he puts deals together - at least as far as past history has shown.
That is MY thoughts of a worst case scenario and how Peter might screw with us again; someone else might be able to think of something even worse.
AND, on top of THAT risk, the RS will happen well before August IMHO.
We will have NO EARTHLY IDEA when they will surprise us with it.
Trade VERY carefully, and be nimble and be quick.
ONLY USE SETTLED FUNDS!
Do NOT get caught holding shares with unsettled funds here.
Yes, You got it, READ IT CLOSELY:
I do NOT believe that. People who believe that have a 90% chance of getting a rude awakening. That is not a chance I want to take.
AND, a RS can happen ANY time Peter decides he wants to do it. Remember, it did not just state to avoid a delisting but added if they needed the advantage for doing a deal.
Oh, I saw it. But I had already bought .124s earlier, sold at .13 and bought them back the next week again at .13.
So, I figured I would wait a tad longer before jumping on this. I have another better stock I've been playing, and was focusing more on it last week.
I may jump in some more SAPX this week if the timing and price works out right. I've already got my core and some of the trading shares right now; don't need to get greedy until I get the right feel on the chart. It is not quite there yet.
I certainly don't want to be holding more than my core, when the RS is announced. Would love it if I could time dumping my core right before Peter announces it, but I doubt I will get that lucky.
I will if it gets that low, still only with settled funds though, LOL.
Well they lost their grip, DARN IT!
Looks like it is gonna hold on for dear life.
Noooo, Noooo, not any lower!!! Hold on, you can do it, LOL.
Back in some at .13, now that the long weekend is over. Will hold this a few days to see what they are going to do this next week.
We had already known this a week or two ago when SmoothTrader pointed it out back then, so nothing new learned.
What was informative is how effectively SmoothTrader decided to use the known information to counter a MAJOR issue some of us are still having with the company. As I said, Good points to consider and continue to condiser when we decide our risks and comfort levels. Does not mean we have no reason to still have our concerns, depends on how much you think you can trust someone with Peter's reputation and history.
SmoothTrader's even approach to discussing the pros and cons is very helpful, as is his good investigation into the share issuances.
Thanks again Smooth
Reread all the posts you and I have made concerning this today and you will see where your first statement was erroneous, and what I was pointing out.
Actually it is NOT
VERY good points! I will keep watching. Thanks for the counter thoughts.
It just looks like they keep racing to the doors!, but I have to agree that you are probably accurate that they would NOT be OK with taking much more than a 10% loss just to get out. Maybe 15%, but they are more skilled at this manipulation than most and know when to stop selling to minimize their losses.
Cannot even get a full penny any more, LOL.
Sold my 124s for .13, this just does NOT look promising and I do not want to be holding when they RS for the reasons stated in my last post. Not gonna buy back until .08 or .09, or until RS is done.
Or until I see something newsworthy with details that makes it a profitable day trade for more than a couple of pennies. That would have to be something phenominal like a Bruce Willis announcement or something.
And that is why the selling WILL NOT STOP until after the RS is done. These entities have an endless supply of shares to unload and they want to do it before the RS date is announced and enacted.
IMO it is not mostly traders that are selling. Yes, they make up a large part, but most of it is those entities that hold shares that the company paid them with, and they are selling every chance they get.
Remember: The company has given out over 25M shares in the last 6 months.
Another way to state is: The company has DILUTED the share value almost 6 fold in the last 6 months, for those who do not want to believe that they dilute, LOL.
Only some of those shares issued to other entities to pay for deals or pay off debts, etc., are now restricted, and many other shares became free and tradable from previous deals whose restriction clause has expired.
Those entities receiving those shares are selling EVERY SINGLE CHANCE they get, and at this point, I do not think they even care if they take a small loss just as long as they can get out before the company RSs their shares so that their shares become almost worthless. They do not care if they take it to .09 or .08, they will still get more for their shares than if they wait until after the RS.
This is because they know that if they hold the shares for better prices after the RS, the company will likely not free them up for a week to a month, while the company then issues another 5 to 15M shares that can be sold into the market while their shares are locked up waiting for the TA to get the new shares to them.
The dumping is from the past dilution! IMHO.
Picked up a few .124s. Won't hold for more than a day. Wayyy tooo much risk with this CEO and the way the company prints new shares.
One positive though, for those hoping for something good:
I do believe that if they RS, say 1:10, then the new 250M AS should go back down to 25M shares unless they put in a clause saying they will not reduce the AS. I'm not sure what the rules are, but I think they are required to reduce the AS along with the OS.
Maybe that is the reason for them asking to raise the AS soooo much. They couldn't do a RS without the AS being increased because the RS would take the AS down to 5M if they had NOT raised it so high. 5M is bascally not enough shares for a company to do anything with.
They had to get the AS up to be ready for the RS, and still have 25M shares authorized after the RS so they will have shares available to do business with for the next year.
Why? The company does absolutely NOTHING but dilute ...
and PROMISE to do something.
I'm still waiting for .12, maybe even lower.
I'm not buying any more except for a day trade until AFTER they announce the RS date and then I'll wait until the split is done to buy.
I have kept only a third of my core and will hold that in case they get lucky & have anything good happen, but I will NOT add any more for a short-term swing trades until this RS is settled for good. Only day trades from here.
Risk/Reward has just gotten much worse after the meeting.
Odds right now, IMO are better on the Mega Million lotto, LOL.
European dance artist
Where in the world was she dancing in that. So far, NOT impressed.
I expect we will hear the results tomorrow, and they may have a couple of tricks up their sleeves along with the news. From the most recent news that just came out 20 minutes ago, it looks like they finally may start pushing this puppy up. Let's just see how much more dilution they put out that might put the breaks on upward movement.
Shareholders had to vote before midnight EST yesterday unless you plan to attend the meeting and vote at the meeting.
pgm, are you still checking in with this board? I sent you a private message, if you can receive them, please let me know what you are thinking with regards to the upcoming earnings.
Well, I'm for sure voting NO on everything. Not that it will matter.
Like I said before, I would be VERY surprised if Peter and his cohorts on the board do not have a majority of the votes already tied up. So it matters not one little bit what peon retail holders, you and I vote.
LOL, Very funny!
All because the company can do nothing but dilute.
I think they threw that bouncy ball at the ceiling, LOL.
Dead money, Dead money, Dead money, until they announce the RS and at what ratio.
After that it's anybody's guess what it will do next. Depends on how active Peter intends to keep his dilution machines running.
These companies usually have control of the votes before they ever put anything out for shareholders to vote on. You could lay odds that the board and those associated with the board have enough votes to have the majority to vote this in.
A RS doesn't matter to them, they will just issue themselves more shares to make up for the losses and pay themselves more than enough in cushy salaries to make up for any losses they MIGHT book to their own personal accounts.
The only people a RS will hurt are the retail shareholders, you can bet on that.