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I am glad I grabbed another 700k shares Friday:)))......Grabbing more at open if it doesn't shoot right up and I wake up in time.
Sled
I will sleep well tonight. The production news is big and should add nice buying pressure this week but the funding and or pre-purchase news coming down the pike is very exciting to me. Good night all.
Smartmoney
PS
XKEM, it is all good:)))
Oh yeah, this news is a third party confirmation of what we were told would happen and that confirmation is BIG NEWS. Not as big as funding news will be but we now know for a fact we have a company that is producing product in limited quantities.
The quote below is interesting because advances on revenues don't have to be paid back and we won't have to wait as long for the revenues to come in.
"possible pre-purchase of large scale quantities of our product for distribution by the government in the country's national hospitals."
Yes I can feel it winding up. BTW-I also feel very lucky, just not a punk....:)
Word to the wise. Anyone wasting time to post predictions that the price of a stock is going down is generally doing so because they want the price to go down so they can buy more at bargain prices or they are just a completely negative person.
Would you waste your time posting messages predicting a stock is going to go down?
It won't work. We've got a winner and we know it!
I predict this stock is going to go up not to get you to buy it. It is why I bought it.
Great third party confirmation that the drug is being distributed.
http://www.businessdayonline.com/?c=44&a=8346
Keep
Pretty much the same I got from Burg. I bought another 700,000 shares on Friday. I feel good about this short term and long term.
I also think the weak hands folded early Friday along with some that tried to get back in at too low of a price and don't seem happy now after not being filled..
SM
A profit of .075 per share with a PE of 15 which is half the industry average wouldn't that give it a .75 price tag? I am a little new to these type of calculations.
One thing to consider is that people have to take the drug everyday for it to be effective so they won't supply more people than they know they can do on a monthly basis. It will be important to have positive feedback. So we might see the increase in users to be a little slower than we'd like. But I still think we're going to be real happy in a years time let alone a moth and a half.
Poker
I see no negative short term for this stock. Even with all of the things you mentioned the company is in a much stronger position that it was before the last run which started with a 1.2 million dollar loan from Nigeria. Now there are two loans coming for a lot more money. Final hurdle toward factory completion. To me these loans are as important as getting the original aprovals.
Burg's comment about price speaks to the momentum factor. I think the stock should have only run to .05 range and stayed there last time but because it is a penny it is a smaller pond which causes a bigger wave that is why it hit .11. That is also why it shot down more than it should have to under .025.
It is the growth potential of this stock that will drive it for awhile. No matter how you shake it the company is in business with the government which means it is a monopoly in my mind. After all we are talking of a revenue potential of a billion with this one drug.
It will stop at the resistance points you mentioned and allow some money to change hands but I think it will go up at each step.
Burg says the main reason for the proposed A/S increase was stock options to entice new high level employees so dilution isn't a real issue.
I'm looking for a five or ten bagger but either way even if I'm way off I think .05 is not far off short term. And sellling under .03 seems silly to me. I played the last run right and think I'm on top of this one too. I think you'll be glad you held 400k shares.
I see a September to remember.
Smartmoney
Well, I look at it this way. The last funding news for a million plus caused a run to .10 from .01. That's a 1000% return. Right now we've bottomed and are now we're sitting in the .025-.03 range and looks like we may slide up to the .03-.035 range in the next week or so. So a 1000% run from here would put us over .025. I know very scientific....
We're expecting funding from Nigeria around 4 million which should start the run and then from UPS Capital around 8.2 million which I think should add momentum. I think we will sit at around .10 for a week or two like we did at .03 with the last run. But I think the second funding event will break through it unless we are already at .20 or something like that then I would expect a sell off.
All said and done I can see .25 and then a retreat to .10-.12 range before climbing back up over the months leading to factory completion.
In any case I think it can only go up from here and I wouldn't be complaining if we hit .05-.075. That is a 100%-300% return over a short ime period.
Two years from now I think people will laugh at these prices. Hey, this is just what I think and that's why I'm long.
No don't worry.
I think most people that bought in the low .023-.024 range with the intent of flipping already did. The ones that haven't are outnumbered by the people that sold and were not able to buy back in with thier buy orders. I think you're lucky if you see a quick drop to 025. before it bounces. I see a .028 or better close on Tuesday. We closed green Friday with strong volume.
As for funding news I'm guessing mid September give or take a a week. Gives me good odds for being right in September:)
My target is .25 by November.
Wasn't he also predicting back to the .01s. One thing is flipping etc. but trying to spread doubt to get a good price is just dishonest. Anyway, the good thing is he's always wrong.
BUDDHABELIKE
You were wrong. That looks like a .0268 close to me.
Not So Smart
Yeah everyone that sold some shares this morning and didn't get a chance to buy back are going to drive this to close. I did it myself a little earlier today but got back in nice.
Faith, I know your post was directed towards Big Daddy but I Just to clarify my previous posts. Eeverytime I've spoken to Burg he has said that they gave everything to lenders and are waiting for underwriter aproval but he said he feels they are very close when I called him last night. He said Pandey was in Nigeria overseeing operations of the company which of course would include securing funding along with everything else.
I don't think he could say that he was there finalizing the loan even if he new that because that would be insider trading. I know if he said that to me I would have pumped another $200,000 into this this morning.
I feel that he thinks they will get it and I'm holding. If I've implied otherwise then I hope this sets it strait to anyone concerned.
If he said that wouldn't that be insider information?
Sorry I accidently morphed into INV Trends....
He said NO dilution! I just edited it sorry....
Burg said last night NO more dilution this year. I don't know how good his word but that is what he said. Unless soemthing unforeseen happens.
SORRY it was "NO".
All I can say is after talking with him he said loans are very close. I'm holding strong. And I don't think I will post conversations with Burg either. They can be misunderstood.
I take 7 million dollars in 2 year, 70 million in say five. guess you'll look down on me. Kind of like I'm lower upper class or something:(
How long will that take? I mean I might even wait a couple years for 70 million plus dollars in my pocket!!!
It would be nice to see an after close press release release on this long weekend.
Wow! I think I'll buy another 100k.
Yeah but don't you think that loan will prompt a retest of .10 even if brief?
Wow! He know his stuff!
I mean this month. As in if it doesn't happen by the end of September I'd start being concerned. Someone did post that last time Pandey went to Nigeria they got funding.
I think we should see it in September. If we hit October without news then I agree. I'd have to think that loan is part of Pandey's Nigeria agenda.
No I don't think he got filled. I turned a few million shares today. Figured I'd have some dry powder in case a real sell off happened. Since it didn't I started buying back in just before he posted. He didn't get filled in my opinion because I caused a ripple.
That is also why I think the price is going back up because it is not dropping anymore and a lot of people that did not get filled at lower prices this morning will have to buy back in before close. They can't risk a labor day weekend news event in my opinion. Now BUD may be right and the rally may hit a wall at .028. JMO
I really can't understand a word he says...I didn't think I was that old....
Smile we might see an afternoon rally. Part of the mornings sell off was panic, the other part was people selling some shares in order to buy them cheaper today. Those that weren't able to do it might be chasing the price to .028 if we don't dip to .024 or lower.
Wow. A lot of people bash when they're not in and pump when they are.
Please translate. Did he buy in?
Does that mean you bought?
Does that mean he bought in? I can't understand him...
Were you able to get a time frame of any sort from him?
He must be selling now if he's telling us to sit tight....
Poker,
It should be noted that his biggest emphasis was on stock options to court high level employees and that sort of thing not the loan. His comment about the loan came afterwards when he said he thinks they're very close. Don't know if that makes a differnce but thought I'd be a little clearer.
Smart
This is hardly a major sell off. Consider that many here have 3 mill, 5 mill, 10 mill or more shares. There are many people here that hold 10 or 20 percent even more of of todays volume.
For instance if Stevo and Phrenz alone were to unload thier shares that would have accounted for half of todays volume alone. A major sell off we'd have seen 150 million shares sold and a PPS of .015. by now.
Didn't happen.
This is a small pond a few decent size fish go out for a swim and it makes a wave one way or the other.
Not the way I took it. I think the loan, at least one of them should come before meeting of October 24. That is almost two months from now.....
If October 23 is here and we don't have a loan I would not be happy. When he said "I think they are very close" I took that as meaning actually what it says.
I encourage anyone to call if they have a sizable share count
Are you having a pleasant day?