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it wasn't a good move imo. Smacks of pink sheet fluff trying to get the price up and it's just too obvious. Issuing a pr on the intent to sign a letter of intent is just too much. I think they
exposed themselves a bit and remind everyone that this is still a pinky.
that last pr would have had much more impact if they waited till they actually signed the letter of intent.
I don't think they should announce something like this without a name. When they actually sign a letter of intent then they should announce it. Usually letters of intent in the pink sheets are just hype but fccn has actually followed through on the last one so this may be taken more seriously. But an announcement of the intent to sign a letter of intent is stretching things a bit imo.
I second that
so we're having a 1 for 1000 reverse split and that is good news?
I think you will make out all right but don't marry any penny stock - generally speaking they are set up to enrich the wallets of the ceo and cohorts at the expense of shareholders. There are exceptions but they are very few. You have to look at these things as trades and if you can sell some for a profit and maybe get your original money back - that's a smart move.
are we making any money yet?
closed at high of the day .....
let's win one for the ol gipper. go sox, go pats, go fccn and grxi
there are a lot of shareholders who had some decent profits and it seems some thought about things over the weekend, got a bit nervous and decided to take some profits.
soldier, if the merger with aero actually increases share holder value when the dust settles then imo grxi is going to be a great play. even if things don't come out completely like everyone would hope with the rm with aero grxi will have a run as long as the rm with aero doesn't turn out to be a big bust.
i think grxi will run. it depends to a great degree imo on how above board the rm is with aero and how everything is structured.
If Mr. Peacock creates a company where shareholder value increases then grxi will be the next play and has a good chance of running very soon. if shareholders lose value with the reverse merger then any run will be short lived.
Dr. Wonderful, I would only give you a one year sentence for flip flopping pumping and bashing depending on if you wanted to sell or buy lol. but you're right, those mm's have a great game. I once heard someone in the mafia(on TV) make a comment after hearing what mm's do and he said 'he was in the wrong business compared with the racket those mm's have'
there is no possibility of us getting our money back, maybe a small fraction but hardly worth pursuing. jf will plunge and pillage in England just like he did here. He can't lose and he's put a lot of money in his pocket. The way he makes money is selling shares - that's the real business and he may have a bit of a hard time doing that here so why not try somewhere else.
wick, you do have a knack for these penny stocks. grxi bounced back nicely. I am wondering if we will see any more appreciable gains on fccn. The cat is out of the bag on their sales and it isn't what a lot of people thought, probably only a couple million dollars at best. I don't think jf is mad at you but I think he played you as he did everyone else. He is a real pro at what he does and it isn't at being a ceo.
this is a typical pinky trying to make a fortune for a few out of nothing. Boy you have to know how to play these things. a lot of people lose a lot of money on these stocks.
this little stock did ok today. fccn was a roller coaster that went mostly down today.
I estimated the aero revenue to be about 3mil and that looks a bit high. Can you imagine with say 2mil in sales they got 1.9 mil loan from fccn. WOW
welcome to the pink sheets
wick, did you get out of fccn
wick, I'm glad to hear you say that. You are one of the few who can play these stocks and make money and I value your opinion. I think we need to let new investors know about gmfx and give them a realistic heads up as to what transpired here and not even give the impression of any positive spin at all.
wick, thanks for the advice on grxi.
I think you are way off base on this jf thing though. You seem to have gotten to know him and like him but after wiping out 10's of millions of dollars of investor's money and lining his own pockets, why in h*ll would anybody invest in anything he does.
He doesn't want to build new investor confidence he wants to bring in new suckers to fleece. He doesn't have to start all over again - he has gotten plenty of money out of this scam. He is a professional con man who uses the otcbb to steal - it's plain and simple. You just can't put a good spin on this and it's not good to try.
As a ceo jf is completely and totally incompetent. He can make some deals that sound good on the surface but that is it. The pinks and otcbb are full of ceo's like this who use the rules of those markets to steal. Jf gave the appearance of doing big things when all he was good at was fleecing naive investors.
the traders who saw this stall are selling. I think she will come back later in the day and I wouldn't be surprised to see some good news in the next few weeks to keep the momentum going.
there's some ask whacking goin on now
it looks like those who want to get in will have the opportunity
not much of a gap so far - is it possible the news may already be factored into the price.
how about aerheads
good morning aerheads, where are we headed today?
after another r/s there is slim possibility but it doesn't appear jf can keep raising much money through the selling of shares and since that is what has kept this whole thing going it doesn't look good imo.
fccn is very popular today
http://www.boardcentral.com/
wick, jf can save face by taking all the money that he and his family have taken from share holders in whatever form - from selling shares, from cars, consulting fees, rents etc and distributing it amongst the shareholders and apologizing to everyone and turning himself in to the nearest marshal and closing this scam. People however, who run such elaborate scams rarely care about saving face, it's all about the money and in this case it is also about feeding the ol ego, but still not nearly as important as the money. what made this so devastating for shareholders and so successful for jf was jf's total incompetency as a ceo and his incredible ability as a scam artist and scholar of the rules of the otcbb and the psychology of the naive investor. no matter what happens or happened to gzfx jf made out like a bandit and it was set up that way from the beginning.
wick, what's your plan on fccn. do you have a price in mind to sell or what will you be looking for as an exit point?
wick, I think the save face time went by a long long time ago. jf had a plan from the beginning and he couldn't lose and he's got enough money to be comfortable for a long time. He is incompetent as a ceo by an ace at the otcbb and getting money out of people who fell for his antics and they were good. He is a pro and 'now we know the rest of the story'.
run for the hills
smokin ...........
wick, do you expect fccn to do a reverse split after the rm. maybe we have topped out here, what do you think?
wick, what do you think about grxi here.
welcome to pinky land
'We will continue this process on an every 2-week basis unless it is deemed that an immediate answer is essential to clarify a specific matter for our shareholders.'
sounds like we have again, a long way to go. The tax excuse is a good one - I would have thought they had considered that one years ago.
I heard jf just hired the law firm of 'Dewey, Takum and Howe' to advise him on avoidance maneuvers for any law suites against him
the irony of all this is that jf makes out like a bandit no matter what happens to gamesntrix