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Cause: Anyone that buys/sells stock based on message board comments is destined to lose money, IMO. My motivation is to find out information other than PRs and un-audited, un-filed financial statements. And the only way to do that is to ask questions. For a pink sheet company, it's wise to question almost everything IMO, because the majority of these companies are either scams or they fail. Wonder how those folks who blindly followed SLJB's PRs and un-audited, un-filed financials are feeling this week. Looking at their board, they aren't too happy. I'd prefer to make money instead of blindly losing it.
cause: Is swing trading a crime? LOL!
It took you that long to figure out I trade this when I said I was going to two weeks ago? I also hold a LONG position. Risk Management - believe the hype.
laptop: Fact...
The PR about the 1B share buyback is worded in such a way that they may not buy back a single share. Is that fact or not? I never said they wouldn't buy back any, just that the possibility exists. Is it possible they've already spent $700k on buybacks according to one poster here? Yes ... it's possible, and that's his/her opinion. My opinion is that's not the case. THAT is "what if's" and "maybes" (a.k.a. speculation).
Cause: The questions I have are already covered in that list, especially the one about their plan of getting off the pinks and onto the OTCBB.
master: Why are facts so disturbing to some here? If you think PYPR is for real and will do everything they say they will, good for you. Do you ever question anyone on this board who is constantly pumping this stock and believing everything the company says? I'm sure you haven't - but you question me for digging deeper trying to get a little piece of what might really be going on. If you want me to stop mentioning the PR about the buyback, then tell people to stop asking me. I only mentioned it because Cause asked me a question about it. If you don't like my comments, then just put me on ignore.
I'm quite happy with PYPR actually, just made another nice profit on a three day swing trade.
whatevr: I've been so out of touch with ACHI the past few months that I was completely unaware that an S8 was filed. Have lost a lot of interest in this company, just glad I managed my risk and am riding free shares.
trading: I guess I'll wait for a lower price then. Contrarian indicators are always nice to have.
Cause: my "madness"? Questioning un-substantiated claims is "madness"? LOL!! My take on PayPro is it can be rewarding if what they are telling us is, in fact, true. Or is it another SLJB? There are just too many unknowns, as usual with any pink sheet company. I've already stated here many times that I hold a LONG position and I trade the swings. I have also already stated I AM NOT SURE if they received any of their commissions. I *think* it's highly unlikely they would have bought back the $700k in stock you were estimating, especially since less than one week has passed since they announced a POSSIBLE 1B share buyback over 12 months. It's quite possible they may never buy back a single share, since that's the way the PR is worded.
trading: Are you sure now's a great time? Last Friday you posted it wouldn't go below .0055 after I posted traders were looking for a lower entry, yet it fell below .003.
See post 11835.
Ditto, broken. eom
Jagman: Nice come back.
You call this a pump and dump to unload shares, yet the facts show 1M shares dilution per month for over a year. Now you say the price ain't moving. Pump-and-dumps where the price doesn't move, the company isn't issuing any PRs and 1M shares per month are issued. Wow, looks like they might have to R/S in 100 months. LOL!!!
Don't think it's possible for you to look any more foolish. You are on ignore.
whatevr: Going by ACHI's track record...
I don't expect it to close. I think they have a perfect record of giving us targeted completion dates and MISSING them, usually by a LONG way. Look through the old PRs. I'd be flabbergasted if KSI was closed end of this month.
makinD: Why not look back further?
You will find more shares used to pay debt in the June '05 filing. 27M shares, to be exact. Maybe these shares were sold already before PYPR started moving a few months ago, maybe they are restricted for a time period, or maybe some have been sold recently. We just don't know with the way it is reported.
Cause: let me know if it's the 175M you are estimating. If you are right and I am wrong, I will gladly admit my assumptions were wrong. If you are wrong, I expect a similar statement.
So what is your "theory" on how cash increased from $140k to well over the $700k they would have needed to buy back 175M shares the past few days? Certainly they wouldnt' be so foolish as to put all their cash-in-hand into company stock.
makin: Do you know how to do basic DD?
Go back to September '05 financial statement on pinksheets and read it. I posted it yesterday, in fact. It's all there in black and white.
Here's a link, have at it:
https://www.otcstockinfo.com/repository/612745/612745_FR16.pdf
Look for the phrase "Common stock issued for debt" 1.278B shares, to be exact.
makin: I do not know it after 9/30.
The question is, did they receive the $5M+ in commissions? I think we would have heard about that in a PR since it is a significant financial event for this company. I could be wrong, but I don't think I am.
This isn't the first company I've seen issue a share buyback program with vague terms that leaves the door open to NO shares being bought. I've never seen one suck 20% of the 12-month goal up in the three days following the announcement. In fact, never seen one actually buy back 20% of the goal, total!
Cause: Can you prove anythng?
You claim I can't prove anything, and that is right. The last financial statement said they had ~$140k cash and Accounts Receivable of $5M+, most of which was from over $5M in commissions. Since you can't prove they received one penny of that AR, it's a mighty bold claim you're making that they bought back $700k worth of stock in 3.5 trading days with a published cash amount of $140k, especially since the target buyback was 1B shares over 12 months and the alleged float is 500M - 700M. One would think that buying 1/3 - 1/4 of the free trading float as you "estimate" would do a little better than get us to .004. It just don't add up.
As for where all the trdes are coming from the past three days, I have no theory as it is undoubtedly a combination of many things that happen in the stock market. Since we don't know who has financed the company or how many shares they have and whether or not they are restricted, it's all just speculation. Could possibly be whoever received that debt payment of over 1B shares last year unloaded some the past few days. Could be lebed and his lackies who front-loaded the stock, selling out as they pumped, and now possibly buying back in on the dip as .003, which was a clear resistance-turned-support line on the chart. I notice he is pumping again. Then you have the normal profit takes and panic sellers. I suppose I shouldn't leave out all the shorters and naked shorters and MMs manipulating the stock. LOL! Fact of the matter is that NO ONE here can even come close to pin pointing exactly what is happening with the trading.
You can just place your bets and take your chances.
making_dough: How do I know the cash position by reading the financial statement? Are you joking?
Only thing I don't know about the cash position is what has happend since 10/1 to now. They could have received that $5M+ in commissions htha was under Account Receivables, but I suspect they would have PRd that in a N.Y. minute.
Cause: pull out a calculator.
Who says that even a single share was bought back? Your "estimation", for lack of a better word, seems highly unlikely given that the company had $140k total cash at last report and 175M shares would have cost them $700k (assuming average price of .004 over last three days). I don't think I'm going out on a limb saying: you are NOT right.
Fact of the matter is, they still may not have bought back a single share. Management is authorized to buy 1B shares over the next 12 months. Highly unlikely they would suck up a significant portion of them up IN THE FIRST WEEK with littl cash on hand.
LongOnSilver: UBSS is on .0035 because at least one of his clients is willing to sell at .0035. And once those are gone, he could easily move to .0036, where the next seller, or set of sellers, may be waiting.
Creppie: I don't have PM
I'm not in a hole with my current trade. Waited until yesterday to get back in after Thursday's sell. Bought some at .004, filled at .003 today so I am even at this price. Will still hold this a while if it should drop below .003 and get more near .002 or .0015 (should it fall that low).
Long term looks like we will hit some support around .0015 -.002 if .003 doesn't hold. Long term resistance is probably around the .007 level. I definately will not be holding this swing trade that long, unless a run to .007 in a day looks imminent (highly unlikely given recent activity). I'm more inclined to sell this batch real quick at .004 or .0045, again, given recent downward trend. I could also be holding them for a while. Still hold the 500k freebies, as well.
I don't put a lot of stock in TA for penny stocks, prefer it for the REAL stocks and indexes. Penny stocks are more feel and require more "artistic" interpretations since they swing in price so much and are more hype/news driven.
lebed is a hoot.
It only fell because of one big seller who needed money for something. LOL!!! People pay him for this? What a joke.
fotog: Maybe they shouldn't release PR.
Seems like it dropped on the last three.
fp80: Classic mistake...
Listening to only one side of the argument. Some LONGS will insist they are in the know, trust them no more than you would trust who they refer to as "bashers". Look at every, do your own DD, then decide which "side" is more honest and in tune with what's happening.
Never buy on message board reading alone.
PS: Looks like you only need two screens, there's a lot of unused real estate there.
GameGenie: Things might be different if,
a) the financial reports were either filed with the SEC and/or audited
b) another pink sheet company with great PRs and great unfiled, unaudited financials hadn't reneged on their promise to file audited financial reports on 11/15 and been under investigation by the SEC
c) there was any guarantee that shares would be bought back. The wording of the PR leaves the door open to the fact that they may not buy back any shares and still not get themselves in trouble with the SEC due to Safe Harbor statement.
Plus the chart I just posted showed PYPR might be headed for trouble as early as a week and a half ago.
Chart not looking so good.
<a href=http://stockcharts.com/h-sc/ui?s=PYPR&p=D&yr=0&mn=3&dy=0&id=p77490934530>Dail.... Chart</a>
Borderline three black crows pattern in the candles. I say borderline since the closes should be close to the low. This pattern would be more dubious had it appeared on a weekly chart, so keep your eyes on the weekly. A divergence in the MACD histogram appeared the week of 11/6 that hinted a downturn would be coming soon. PYPR made new highs the following week yet the Histogram couldn't top October's high, not a good signal. MACD histogram divergences are one of the stronger signals in TA (according to Dr. Alexander Elder). Force Index, an index created by Elder, does not look good as the volume for two of the last three down days was higher than all but one day over the past two months, Force Index took a nosedive. And this doesn't factor that we received GREAT news in PRs. All signs I see show PYPR moving lower short term. The change in polarity (where resistance becomes a potential support level) appears to be .003 for now, lets see if it holds.
But who the heck knows what goes on with these pink sheets in the land of shorters, daytraders and flippers. LOL!!
Jagman: Please tell me, for the last five quarters, how many new shares have been issued? Let me help you out:
O/S
---
05/31/05 - 221,400,415
08/31/05 - 224,400,415
11/30/05 - 226,400,415
02/28/06 - 226,400,415
05/28/06 - 236,050,551
08/31/06 - 237,640,646
News flash: microcap public companies need to sell stock to keep the busines running, until they are profitable. In the last reported 15 months, AACS has sold ~1M shares per month. You consider that a "pump and dump"? LOL!!!!!
4Godnw:
Since he say he will discuss what is public knowledge, would he be willing to share the company's plan for moving to the OTCBB with a general timetable? I know that's not public knowledge yet but it would to be good information to have if not against SEC regs to tell. He's already publicly stated the intention to move off the pinks.
Ragin: SEC only requires audited for annuals.
I think filing the past un-audited quarterly's and audited annuals would be sufficient. IMO, this is what a good CEO would do if he really wanted credibility and remove a "fear" element that might be keeping people from buying the stock in light of SLJB fiasco. The CEO here has publicly stated he has a short term goal of moving to the BB, that requires filing the reports with the SEC. There certainly will need to be more detail, disclosure if you will, before the SEC would take any of the reports they have displayed to date.
We will see what happens.
Xylan, My opinion is:
I do not know what they are doing and only the financial statements will tell us what they did. No one can say for sure they are buying back shares or diluting, the publicly released statements are vague and leave open the door for anything to happen. Until they receive those 5M in accounts receivable, they have about $140k in cash in which to buy back shares. The One Billion limit has up to 12 months to be bought, according to the PR.
I had only looked at the financial statements for this year and they show no dilution. Looking back further, looks like last dilution took place sometime between June '05 (6.22B O/S adjusted for 50-1 forward split) and September '05 (7.6B O/S) according to the 9/05 quarterly.. That report states that they used 1.27B shares to reduce debt. The same terminology in Note 2 has appeared in every subsequent report even though they have not diluted in the last four reported quarters.
Xylan: Who says they are buying back stock?
Look at the PR: it says the BoD has authorized management to buyback up to 1B shares. They don't have to buy back any and thyey are covered under Safe Harbor declaration.
Now look at the Note in the financials. It says the intend to repay the debts with shares of stock. That doesn't mean they will.
That's why you have to cloesely read these PRs and financial reports. The fact of the matter is we don't know what they are doing, and they have protected themselves nicely with the way they word their information.
makin_dough: Look at the Notes in the recent financial statement. Specifially, #2:
The Company has received short term loans of operating funds. the notes are unsecured, non-interest bearing and due upon demand. The Company intends to repay the loans from the issuance of shares of it's common stock at a rate to be determined.
It says they INTEND to repay with stock, but this could change if they came up with cash, I assume. The questions are: do they have the cash and what do the repayment contract terms state? Looking at the last financial report, I'd say they need to collect that $5M+ in accounts receivable to pay off anything significant.
Stockdon: Read lebed's website.
He publicly disclosed he was paid 8M shares from Salem Investments to promote PYPR for one month. You will also see he dislosed he intends to sell these shares.
His history with the SEC can be verified with a Google search. I forgot it was so long ago! Thought it was acouple of years but it's been six! My, how time flies. I plugged "lebed SEC" into Google and here is something from the SEC website.
http://www.sec.gov/news/press/2000-135.txt
As for the content of his e-mails, that is my opinion, but the same opinion has been posted by other people on this board.
pick em: lebed was paid 8M shares to promote PYPR for one month.
He was busted by the SEC a couple years ago fro running pump-and-dump schemes and had to pay back some portion of the profits he made (I can't remember what %, could've been 100%). Now people pay him in shares and he publicly discloses that he intends to sell the shares, so he is legit as far as the SEC goes. You will find that his e-mails are nothing more than info he copies from PRs and message boards. This is the second company I've seen him promote since he "came clean", and the other promotion was the same as this, no new inforamtion and a lot of cheerleading and hype.
He received his 8M shares from something called Salem Investments, I do not know if they have any association with PYPR or not.
Pink: who is shocked that they are diluting?
You stated they weren't, the financial reports say they intend to. And what usually turns out to be the case with these penny stocks, it's DILUTION that kills shareholder value, not traders or shorts.
There are legal shorts and there aer illegal shorts. MMs can legally short the stock, I believe the "loophole" they use to justify this has to do with creating liquidity, which PYPR has no probelm with at the present time. One wonders who has the incentive to LEGALLY short a stock trading as low as this as the risk far outweighs the reward. That's why it would be REAL intersting to see these financing deals they intend to pay off with stock. Usually it's the financers who have the incentive to short so they get more shares (e.g. Cornell and other PIPE hedge funds). And you can bet the financers know a lot more about the financial situation of a company, especially a pink sheet company, then the small, retail shareholder.
Pink: You are right about one thing.
Daytraders/flippers will have no effect in the LONG TERM if a businesss is successful. I don't see the CEO's of RIMM and GOOG whining about shorts or "flippers" effecting their stock, and you can bet your last dollar there are tons more daytraders/flippers in those stocks than there are here.
As far as the company not diluting, that's not what it said in the finanical report. Look at the notes:
The Company has received short term loans of operating funds. the notes are unsecured, non-interest bearing and due upon demand. The Company intends to repay the loans from the issuance of shares of it's common stock at a rate to be determined.
Now, they may not have diluted in the past nine months, but this note clearly states they intend to issue more shares, and we won't know when it happens or how many shares until the next financial report comes out.
midas: that would be nice.
What I think would be nicer is to pay off their debts with something other than shares as inicated in note #2 of the recent financial report.
I know they reported $3M+ in post-tax earnings but I forgot that $5M+ of that is in accounts receivable, so they do not have the cash that I thought they had. Makes me wonder how they plan to buy back stock. A better LONG TERM solution is to stop the dilution and eliminate the debt, IMO. And that's what CEOs should be focusing on, the LONG TERM fiancial success of the company, not the daily price swings at sub-penny level.
Cause, Here is the link:
http://investorshub.com/boards/read_msg.asp?message_id=14039579
and on Yahoo Finance
http://biz.yahoo.com/bw/061016/20061016005774.html?.v=1
Cause: You can't find a PR that states the announcement of a stock buy back up to 1B shares or a PR that, according to management, says the free trading float is ~500M - ~700M? Look up in the iBox, they are both there.
midas: I think the CEO is a little confused.
In the stock market, there are always traders. I find it interesting that the BoD has authorized up to a one billion share buyback in light of a recent PR that stated the free trading float was 500M - 700M. Is the company buying back all their free-trading shares on the open market? Who do they plan to buy up to one billion shares from? Wouldn't the company be better served spending money to file their financial reports with the SEC to meet their short term goal of getting to the OTCBB?
The last PR was the classic, knee-jerk reaction to a price drop, IMO. The CEO was quick to blame SLJB'S recent crash for the PYPR's price drop. And then he goes and blames the shorts and daytrade "flippers" for holding the price back, which is borderline comical, IMO. Does he not know WHY SLJB crashed? It was because they promised audited financial reports on 11/15 and didn't deliver. "Shorts" and "flippers" had absolutely nothing to do with it, but that's besides the point.
If what happened with SLJB concerned him so much, I would think a good CEO who has publicly stated a short-term goal of going to the OTCBB would do one of two things:
1)file his own company's unaudited quarterly financial reports with the SEC and start auditing his annual reports for filing or,
2)audit his financial reports and publicly post them.
He can't claim "it's too expensive" since he recently claimed the company had post-tax earnings of $3M+, money should not be an issue (unless his earnings claim is incorrect). This CEO did nothing but post excuses, then came up with a suspect share buyback greater than the public float? If this company is for real, they should quit with the typical pink sheet gimmicks and get some outside verification to support their claims, IMO. And insted of doing an alleged buyback, shouldn't they use recent profits to pay off the debtors instead of issuing them stock (as posted in Note 2 of the financials)?