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Yes, that and the CEO PROVING beyond any reason that he is capable of guiding a growth company & steering clear of poor judgement!!
The being disbarred, reasons for such, and personal BK aren't exactly shinning testaments to a great character. However, who among us has not made mistakes; let's just hope the guy has put his past behind him!
Otherwise, for us shareholders, it would be IDIOCY not to remain mindful of these facts as I first reported long ago. Shareholders have to be mindful of pitfalls & threats to their investments.
I hope Ken can be straight-forward & diligent in his objectives here and not get sidetracked by temptation & easy-money. He will surely be tempted & we need to be mindful of that! All imho of course!
Hey, let's keep in mind that this equity is still in a downtrend which it has yet to break (from it's highs a month ago). Now it could be putting in a short-term double bottom here in the $0.0007-$0.0008 range (or this might be a sign of rising bottoms). In either case, I would like to see $0.0007 HOLD.
If you are buying, a shareholder, and/or want to support the issue that would be a nice place. The profits on this one are coming but I don't think it is a next few days type of stock. All the PR's are good, but until the OTC, July deadline for uplisting & financials are in order it looks like ACCUMULATION until then.
I don't believe there is any significant catlayst/news to really blow this thing northward at this time. We'll have to see. The PR's are all fine and well, but note the falling pps. This needs something substantial besides talk & promises of things to come!! Anyone invested in penny's for awhile has heard all that before!!
Just my own $0.0007 cents, fwiw.
AND PSS- Let's all be mindful that Ken, although a down-to-earth kinda chatty guy, is not all chocolates & champagne (or whatever the saying is); the guy has been disbarred, wasn't completely straight-forward in his explanation about it, has gone BK (bankrupt) and is "running a business". Now, we can all be jolly & hopeful, but let's be realistic & cautious as well before getting all silly!!!
This thing does not appear to have enough buying pressure. Instead of slapping that ask, I suggest buyers put in their orders in the $0.0021 to $0.0022 area; either they won't come down for the shares, or they do and head back north with some momentum into the close.
I just don't see the ask being bought out here and this moving higher,...right now. Sorry to say, but I think it better to reinforce the base & support than try to hit the ask only for it to fall back later. Just mho as to how it's trading at the moment.
Oops scratch that...looks like some bid support coming in now, could go higher...
Right! Okay, figured as much. Thanks for the update LarryW. I appreciate it.
What's the status of the celebrity spokesperson announcement? Was the issue supposed to get an announcement today, or just that contracts were sent out and an announcement is imminent?
TIA
They will not release that information. If someone contacts the company it is possible they may PR it so as to make it available. But, as of this moment, the TA does not, will not reveal that info!!
I already tried!!
Alrighty then,...question:
I just made a quick $1600.00 that is somewhat burning a hole in my proverbial pocket, why buy here?
I own some $0.0005's I bought last week and can avg down I suppose, but why?
Anyone with a compelling argument and I add another 4Million to the buying side pressure.
Thoughts???
(NOTE: last post of the day so make it good please. Obviously I know little about this stock and can research even less!)
Nonsense on both fronts!!!
Just because their was no O/S increase today does not mean that the shares were all poured in yesterday (they could have been "set aside" and/or not sold into the float yet-- which appears to me to be the case).
Secondly, if it were short covering those are BUYS and the pps would naturally be inclined to increase as a result. If it were company released shares, from the O/S increase yesterday and they are being bought up at these levels then that would more likely explain the tempered pps at this point in time.
I think they are not done selling the shares they had released for sale yesterday. That is my opinion & I don't think either facts you stated are accurate.
"..has issued and will issue its common stock to be reserved on hand for deals with celebrities, labels and strategic partners."
Oh, good grief!!!
Well, I can't complain, at least they finally put it out there and said it!! Now, we can rest assured that we are less likely looking at a scam-- but barely, as we get more AFTER THE FACT information and less proactive details that would have, no doubt, been far-better received.
The key is that a company does NOT have to do this, it erodes pps, shareholder trust & confidence in the company. Oh well,...perhaps someone is reading our board posts and trying to instill confidence in the recently-plummeting pps.
I have zero confidence this will create a pps rally, but it mights just stop the bleeding for now. One can hope at least!
Isn't she the same pumper of MRNJ?
Although I think she got involved after the pps tanked from 12 0r 17cents to under a dollar? Am i right, is that one & the same? Just curious.
TIA
Just called TA (Pacific) O/S 2,101,813,999
Thanks for the insights. Again, I implore everyone invested here to contact the company via e-mail, call, whatever,...put some pressure on them to explain themselves (as the 7PR's in 7days eludes to).
I don't know if the Spire thing broke down, or what is going on here to be sure,...but, as you can tell by my posts I am concerned and bewildered.
My evaluation leads me to believe that the PPS breaks below $0.0025, the dilution is not over and the blocks suggest retail will not hold it here. I hope I am wrong, but I think I am right!
Matt with all due respect, I appreciate your TA work as that is my background as well...
PLEASE do NOT sit there and tell me about advertising, costs, et. al. because it SOUNDS like excuses-- and moreover they are IRRELEVANT. I do NOT wish this to be a SCAM,...but have a look at SPNG (SpongeTech) they were in EVERY BASEBALL STADIUM, QVC, CVS, WallGreens, National Radio Ads, TV Commercials, Infomercials, et. al. and look wtf happened to them!!!
Don't use that rationale,...instead perhaps everyone here OUGHT to be PUTTING PRESSURE ON THE COMPANY for FACTS & ANSWERS. If they ARE who YOU say THEY are LET THEM PROVE IT TO US SHAREHOLDERS!!!
Until then, your argument holds LITTLE to NO WATER!!! PERIOD!!
And, for God's SAKE,... they haven't "just missed a few dates"...have you been paying attention? and/or reading ANYTHING i have been posting/saying? am i lying????? what gives?
Hey DONK,
Just let me know where you play poker. Set up a date & time & I will be there to play you for as much as you like. In fact, we can wait until Saturday or Monday..this way all your funds will be available to you from your "calculated bet" here.
What, ungodly math have you employed to draw this conclusion? And, just in case you haven't heard, the pps was cut in HALF in just a few days. By my math it looks like more to go.
The 0.0043 high you were witnessing ENTI bumping it's head against should be thought of as a legitimate high range with the $0.0033's having been support,...split the difference and err low so you get a 36-38 range prior to the 100MILLION SHARES hitting the float @ ~375Million. Now take into account a minimal 27% reduction in share price via dilution (which is GENEROUS as it does not reflect panic, momentum shift, loss of faith in mngmnt & the need for deception in the face of their "communicative ways" as well as the recent delays & repeated failure to deliver on promises).
So, you could feasibly factor all the above and say that a 50% shave is reasonable (that put us, without any other bad news at around $0.0019===> $0.0038 /2).
HOPEFULLY for those of you unwilling to sell 25's for a larger buy-in lower, 0.0019 is the bottom, but without explanations and new information from this company--- not to mention any positive news & developments it could go lower. Moreover, the pps and recent events illustrates that it is NOT worth it's current share price considering what has been going on.
Let's not forget this tiny apparent fact; they are NOT finished dumping shares in my view,... if you look at L2 and the lot sizes...this is going lower, period!!
LOL- I am not going to post "flowers & sunshine" while someone pisses on my head...
once again, the company put out 7PR's (posted to IHub) in 7 calendar days... you think if it were positive dilution (like a GaGa signing bonus et. al.) they wouldn't have announced that in some form or fashion?
The RED FLAG is a HUGE BANNER, because they release PR's to seem communicative, but not in the regard that is most dire to shareholders; peep the pps & price action... D-O-W-N!!!
But more importantly, why the need for ANY financing when you CLAIM 11MILLION$'s is SALES coming and 10MILLION$'s in financing is available???
There is NOT one shareholder here, in my humble opinion, that would have argued or sold into the news that they needed MORE money more quickly because of x, y, z POSITIVE DEVELOPMENTS.
Now they look more & more like a SCAM. Missed dates, communication about what they want to sell you, an under-delivered product, company spokesperson & DELAYS, DELAYS, DELAYS ...you make excuses for the fact that AT WORST this is poor management on MULTIPLE FRONTS (assessing costs, timelines, organization, etc.) and seem to think that there is GOOD reason behind the DILUTION they just haven't gotten around to telling you about yet (cuz it is a SURPRISE!!!!). Naaaah, that is just the kind of cool-aid I REFUSE to DRINK!! Sorry!
Mngmt has flat-out manipulated shareholders & that is a FACT. The market reaction you are seeing is NOT imagined. No one likes to be screwed with, especially when it comes to their hard-earned dough. If you think this is great, good for you. I for one, will call what it is when & how I see it because it is the appropriate thing to do.
As shareholders all we have is a vote with our dollar & by investing in a CEO, company/products etc. we ought to receive fair communications regarding our investment relationship. This company, believe it or not, is jerking us around. FACT, not fiction, nor some psuedo-psychological manifestation of thought turned into action.
Psychology is irrelevant here in the face of logical inquiry. They communicated 7PR's posted to IHub over 7calendar days. NOT ONE references the O/S increase of 100MILLION SHARES.
Certainly, now-- after the panic, after the fact-- and at the behest of SHAREHOLDERS voting with the WITHDRAWAL of their dollars, some company rep/PR will say something. Fool me once (the first launch delay) my bad, but now again (the second launch & delayed celebrity spokesperson & Dilution, & poorly operating site AND they have been putting commercials out to attract interest in a poorly 'manufactured' product, WTF????). They don't DESERVE our money & I have little confidence they would be good stewards of it!! Plain & simple!!
They are not finished selling shares here. Nor are they finished diddling with their shareholders. The company tries to come across as shareholder friendly & focused...and apparently goes to great lengths to appear to be communicating openly...
BUT,
when you pour 100MILLION SHARES into the float & don't say a word about it, when you fail to deliver on your OWN TIMELINES (celebrity spokesperson, launches--- that's TWICE NOW ---, Spire investment (of 10Million Dollars- so why do you need to DILUTE?) and all the rest of the nonsense with changing IT support firm blah, blah, blah..
YOU can either be accused of terrible judgement or flat-out trying to pull one over on shareholders. which is it? in my humble opinion ENTI now trades lower, at least until the share-pouring is over, the equity has had a chance to stabilize & the company comes clean about these things.
INTERESTING NOTE: 7 Friggin PR's from the 23rd to the 29th and NOT ONE about the need for dilution; adding 100MILLION shares to the FLOAT. This one is heading south for awhile, period!!!
And, you can thank your CEO & wonderful mangmt team for all the PUMP & DUMP without discussion about what REALLY MATTERS until they try to repair the relationship to gain more later. F them!
Thanks Dev, I appreciate your help!
Will do.
Does anyone know what the "Video is Currently being Migrated" statement actually means in real terms? Where is it going exactly, and why?
I have witnessed this time-and-again over the last week whenever I try to see a video. WTF is up with that? Is this related to the new tech support company, server, what is it?
TIA
Admittedly, I know nothing about the tech problems associated with this undertaking. I would appreciate some insights. Left the company an e-mail & have yet to hear back since Monday. Thanks.
100,000,000 shares is enough to create a significant price per share deterioration. That dilution is not insignificant considering the "reported float".
Compound that with all the other issues the company is having (technical or otherwise) and the pps momentum on a downtrend and this was JUST, if NOTHING else, piss poor timing on mngmts part (and from what I have witnessed lately, what else is new?).
The part that puzzles me is WHY THE SUDDEN NEED FOR CASH? The most positive spin they could put on this relates to a spokesperson signing (and it better be VERY VERY GaGa good); otherwise, shouldn't they have already had the financing (a la Spire) and their business plan?
The timing of this is disturbing. Then, add the quality of PR's they trot out every week,...they couldn't remember to tell shareholder of this in advance instead of us having to have the TA on speed dial? Something just isn't right here & they are not doing a good job so far,...pps will continue down unfortunately without answers. How many shares are left still?....And how much more is there to come???
Why do they need an O/S increase is they have 10Million Dollars from SPIRE? If their projections are what they say ~$11Million w/in a year, why not do all you can to ensure your timelines? Why do they change so frequently?
If they needed more financing, or something happened to the original financing plans (positive or negative) whey haven't we heard about it before-hand? See, what mystifies me with CEO's is that, in some small ways, they seem to believe that shareholders will not find these things out (or simply do not care if and when they do) which ultimately impacts the pps and damages their credibility. Which then makes me question if they are a legitimate AND THE aspiring/growth enterprise they want us to believe they are!!
Things that make you (scratch your head after &) go hmmmmm....
Why the dilution? 100,000,000 shares & is more to come? Why, on God's green Earth do they need to do so, when they have "Spire", or do they and what is the status there?
Why launch commercials when the site isn't functioning properly? Isn't that a wasteful use of funds, even counter-productive?
Why the spokesperson hold up? Will they be putting out misleading PR (Beiber, Gaga, Black-eyed-peas, PR's again in the future-- (also, counter-productive long-term)?
What's the TRUTH (for once), and ACTUAL DATES, on the July 15th Yellow Pages Launch?
How does all this affect their financial "Projections" they reported for the company in earlier PR's?
Thanks
Does NITE own shares in your other pennies like NITE does here?
SSWC will go UP soon my friend (can't speak for your other pennies),...NITE owns some approx 500Millions Shares here (~5% shareholder).
This WILL go HIGHER!!!
We all know a few disgusting folks who were trying to fuel panic, with poor, inadequate, and/or non-existent DD that were spreading rumors, inciting selling so that they could scare some "cheapies". Low-life scumbaags is all I can politely say about the few I know about!!
But what can you do? Now they have to pay more to have the privilege of making a profit here. This is a stock with promise & the pps is moving upwards.
Hey Dev! Thanks for the cliff noted updates, I really appreciate it. I haven't been here much so I obviously missed out on some important info. Thanks for the thorough recap!!
...& TY to Volatile as well...appreciate the help.
Did the television campaign begin? Anyone know? Seen? Heard?
It was supposed to get underway June 21st, but I don't watch TV so I haven't a clue. Thanks in advance for the help.
Ok forget it! Judging by the posts I am now reading that is a big fat NO.
Although that is true, it isn't always the case. A recent example is SSWC, owned by retired patent attorney Kenneth P. Glynn who negotiated, eliminated and/or converted debt to restricted shares (that he is holding for at least one year) ALL before recently announcing his business plans for his new company.
I know it is unusual for CEO's to step in, buy a shell, clean it up, and get the books straight especially without tapping shareholders & instigating dilution,... but it happens. In the case of SSWC, Ken Glynn has rolled patents into the company, just launched a new website, is selling products already (in less than 3weeks after announcing his intentions) and is about to license many of his over 175patents to other companies.
Now of course that is a current example of how it wouldn't be just all bad for shareholders here. We'll have to wait & see. In the meantime, I am researching this company too...trying to figure out how the hell it dropped so far in such a time where metals have been kinda hot!!!
Does anyone know why the "D" is it symbolic of the reverse split? I can never keep the more obscure symbols straight for some reason. I thought it Delinquent in it's duty to do its financial filings but I have not been following this so I have no clue and don't remember...any help?
Thanks
I have to say Ken has put waaaay more products up for sale on this site than he suggested to me during our phone call. I was given the distinct impression that only a few products were being launched on the site.
So, we see:
More products
Launch AHEAD of time
More divisions/patents that we discussed as well
More PR's than we discussed
So far Ken is building the reputation of under-promising and OVER-DELIVERING...how's that for a PENNY stock!!
I am liking my investment here more and more each day!!!
Cobra, just curious as to what the tone of the "friends" recommendation was (if you can say), if you took a position & if you don't mind sharing how much.
I own 3.97Mill right now I just bought today and am looking to add but shares at this level are filling sorta slowly (as if others have had orders in long before me)...getting dribs & drabs of partial fills. Thanks in advance.
EPCG looking for a BREAKOUT,...
StockTwitter
RM rumor
FLD (lots of STHG'ers flocking here- flush with cash for their next play)
Higher lows, in an uptrend, now at bottom of channel, with HUUUGE VOLUME (most ever yesterday) while trading as high as $0.0013 (now around $0.0007) and looking to move higher.
Have a look, this could be a very big runner into next week, imho.
Please do your own DD;
No dilution checked this a.m..
GL2UA
Welcome aboard my friend, this could be one hell of a party!!!
Haven't posted on our other mutually held big boy, BUT I am still holding and enjoy my green in that one too!!!! AND, looking for higher as I am sure you are as well.
GL2U!!
If you look at the chart the price points to volume are startling;
June 4 ~200Million Volume with pps range from low of $0.0005 and high of $0.001.
Yesterday, ~250Million Shares Traded from low of $0.0006 to
$0.0014.
In between these two high volume days are mostly green days.
Aside from all the eyes on this (StockTwitter, rumors & the like), EPCG had its biggest volume day EVER yesterday.
The Float is only 467Million Total, NO DILUTION (for over a year) and with green trading days between the two heavy volume days it looks like accumulation into stronger hands with some short-term profit taking in-between. In my view, the float is ready to
trade higher than these levels and should launch from here ($0.0007) probably after 2pm w/o news.
This could move briskly just on the "Float Lock Down Potential" of
those holding for another reason (perhaps in the know or speculating over a RM). Looks like a great short-term trade at worst with Free-Ridin' Lotto-Shares Potential on the back-end for those so inclined.
If it drops I add, protect my investment & increase my position. But, so far I think I got in at the best prices of the day. I think the $0.0003 buyers flipped for days at $0.0006 between those high-volume pillar days, & some profit taking for others over the past day or so. BUT, many bought in higher than today and sellers should be looking higher from here.
Forget about what happens to the pps if a RM is announced. A 1,000% to 10,000% move is not unheard of if this equity sees that action!! Not a bad return for even a smallish investment say, under $500 or so. Thoughts???
Thanks gator,...I heard as much but wasn't sure and with hardly any info in the listings, I am planning a call to the "CEO" -- see what's what (you never know what they'll say-- or not say).
Has anyone heard any rumors as to who it might be buying, RM into, timeline, anything? Thanks again.
I posted my call to Old Monmouth-- the TA for EPCG and reported that there has been NO DILUTION so that is good. Now let's see what else we can dig up here!!
GL2UA.
Everyday is a different day in pennyland my friend. I wouldn't have known that DILUTION "is not a problem here" unless I checked. That's a pretty big price drop in one day. And, if it is shorters as you say (and not profit-takers,...since it ran over 200%) then so bi it. Either is good for me and my recently purchased $0.0005's...at least I think so. And, if it goes below there I will buy some more. Putting an additionally LARGER order to beneath that to support my investment.
Let's see where we go?
PS- What are other "investors" opinions about the stock, why you bought it, and where you think it headed? Curios, TIA.
I saw a momo-bounce play with a potential free-riding shares lotto ticket. But, I know very little about the ticker and am only now moving from Technical Analysis of the issue to FA. Thanks.
Called Old Monmouth...someone might want to update the iBox with todays current shares structure:
NO CHANGE...NO DILUTION
O/S 467,345,964 (as of 10:31am 6/25/2010)
Thanks,
Niko
I am part of a 3,000 plus investment group and this one has been getting a bit of discussion here. In the group are some seasoned veterans, monk members, traders, investment bankers et al, and we are all about to take a nibble here. GL2UA
Your right toucan,...I recognize the hard work you put into your "plays" and I am sorry for having offended you.
It was insensitive of me to so obviously offend your work in the way I did...my bad dude. You have my apologies.
I too tend to do plenty of research on stocks that I choose, but I came across this on my screener and just thought I'd pop in and get a quick synopsis of what the deal was. Sorry to intrude, no offense, my mistake!
Well Thanks Captain Obvious!!!
I think I'll just leave you, stressfree..., to your "lotto pick" for now, c'ya!
And, no disrespect to those who replied kindly to my request and/or constructed the iBox.
GL2UA
thanks JC,...very succinct & to the point.
unfortunately toucan the iBox doesn't really tell me much and has, no offense, a myriad of advertising CRAP to sort through-- ugh!
Can someone please provide some background,...what the hell happened here? The chart shows over $0.60 less than 6mo's ago and over $0.50 less than 3mo's ago. What gives?
I read a bit about the technology...hmmm so-so it seems, but haven't yet researched what the caused the tank in pps.
Does anyone know the complete S/S & have any good DD here?
thanks in advance for your help & input,
Niko