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Hey Gamood, correct me if I'm interpreting this current news "wrongly". Tsingda is executing a 3 to 1 reverse split on the existing quantity of shares that there are, even though they aren't listed on an exchange yet. This is good and bad, as there will be less shares to be distributed(% wise), once they become listed, to EBIG shareholders, yet the value of each share will be higher(supposedly). Am I reading into this thing wrong? Joanie, your interpretation is appreciated, also.
I got curious about the Regeneca IPO, and called them to ask about the status. The guy I spoke with seemed confident that it will occur "down the road", and said to watch for news coming in the next few weeks. He also said that they are taking on some new marketing personnel, and things should be looking really good for Regeneca, in the near future. Hopefully, their good news will help along VIVK's production, sales, etc.
Just for my 2 cents, I don't think the "sky is falling". In fact, as VIVK is listed on Pinksheets, it holds the next to highest listing available of trusted stocks, OTCQB. I imagine this means they are completely "open" about their status, reporting, etc. Most of my under 10 cent stocks that have done a rev. split, have had a very low pinksheets rating of Grey Market, or even Caveat Emptor. Of course, the rev. split destroyed them, from there forward.
I've been wondering whether you frequent posters have been "playing" each other, for the past several weeks. On a day like today, with "wiener" volume, the price goes nowhere. If, as you guys say, you're all waiting for a rise/fall, or good news from VIVK before trading more, then I think this thing is going to stagnate. Believe me, when it was toggling below .013/.012 a few weeks back, even I was looking over my portfolio, for things I could sell, to make a "million share purchase". I may be sorry I didn't, if it rises back to stardom. What bothers me is that the MMs know all the tricks of the trade, like if you guys were "playing" each other or not, and they are at the "helm" of things so to speak, and ARE "playing" you guys, for profit. I guess one can only try to "trick" them from time to time, as it all boils down to "dog eat dog" anyway. Crazy game.....
Thanks for posting your email reply from Norm(CFO) about the current status of IPO spinoffs. I only wish I had bought a lot more shares, when I purchased mine at .02. I hope they don't get too far off track, with their new interests in a "luxury yachting" company.....I can only picture them "demo-ing" some new yachts, in some faraway tropical sea paradise.....Oh well, my jealousy is getting the beter of me, as I'm not a CEO/CFO, just a small shareholder. Let's hope the IPOs happen soon. Thanks again.
One thing I've noticed, stocks like EBIG and the other one I mentioned, don't seem affected by global market trends. They seem to fluctuate due to hype news, fear, and volume surges. Today looks like there will be no buy/selloff at the end of the day, to "save" our indexes. But I must admit, today most of my penny stocks/microcaps haven't taken such a hit, in fact some have gained. On the other hand, my small/med/largecap holdings are taking the usual beating. I wonder(pun) sometimes what the opening value of Wonders' new stock will be, at the IPO, and whether it was worth all the waiting. As you say, patience.
At least EBIG comes out with occasional news that they are assisting these companies, with the IPO process. I own a small holding in another start-up type penny stock called VIVK, and they announced a similar distribution of about 10% of their holdings, of a company called Regeneca. As soon as Regeneca achieves IPO, I'm supposed to receive my free shares. The problem is that there has been no further news about the process, since the initial statement, months ago. It is only rumored now, that the deal will go through at all. Other shareholders have tried to contact the company via phone and email, and never get answers. So I appreciate EBIG's news on the process, even if it is every month or two. By the way, I too would love to see the stock explode up to 80 cents, turning my 200 $ investment into 8000 $. We can only hope for such luck.
I bought my shares about a year ago(10k at .02), so I can't complain as the stock seems to be holding ground at .08 to .10 for some time now. I almost sold when it peaked out at .15/.16. But I hang in there, waiting for the "magical" IPO distribution release. Hopefully it is coming as soon as they say. I don't like the thought of a reverse split, even a year from now. Every smallcap and penny stock that I own, has fallen to worthless after such a move. They claim they do it to attract new buyers, and that the higher per share price will help, but it never has proven true, in my experiences. Instead, they eliminate the burden of all shareholders, usually to the tune of a 10 to 1 ratio of ownership. I just hope the distributions occur soon, as this waiting game can drive you nuts.
It just made me wonder.....Most larger firms are proud to boast their total personnel count, right down to the guy that waxes their floors at night. Their annual prospectus shows this, including all costs involved in upkeep of the buisness, and whether these costs were "in-house", or paid for outwardly. I guess when they finally release an annual statement of operations, as even the tinyest of companies I own do, then a lot of my questions will be answered. Thanks.
Hey Atlanta. Everywhere I look at VIVK data, I find that # of employees is 3 or 4. Do you believe this to be true? Seems like an impossible task for so few to accomplish. R+D, manufacturing, production, sales, promotion, etc. They must just do the R+D at their Iowa location, and everything else is subbed out to various vendors. Their products vary widely in the type of R+D needed, let alone the prod./manuf. aspects. I am hoping Suchi gets to have his visit, shake hands, etc., and report back to us all. Months ago you said you were in contact with their PR man, before he became "unreachable". Did you ever get to ask him how "big" their operation is, or how many in their staff? I guess if I had a label from one of their bottled products, it would answer some of my questions. I have seen this "low head count", in some of my other development type stocks. A good example is in prospective mining, where they only list the CEO and CFO, yet their occasional statements involve hundreds of workers at a site, busily drilling/digging/testing/etc. Any ideas?
Thanks for the info.....Good questions.....Lousy answers.....I guess you can say at least he didn't lie to you.
By the way, it was good reading for a laugh though.
That is a standard code of ethics agreement, that all companies seem to adopt, yet no one ever adheres to it. I think they all have to show it though, as if it means something big. By the way, after reading a bunch on Regeneca, it seems that there are many, many thousands of multilevel marketing sales people out there, that have all been promised free shares as bonus, as soon as the company goes public. So, I still think VIVK's dividend may come true. If not, there will be a lot more pissed off Regeneca people, than VIVK shareholders out there. I just wonder whether VIVK will still be around, when Regeneca goes public, as VIVK's downhill journey seems unstoppable lately.
I wish you could get a "walkthrough" type tour, and have a small camera allowed. I think we all would like to know what their place looks like, inside. Fruit and veggie extract machines, processing, bottling, etc(Vivablend). Hardware/software type personnel(Vivaslices). Even if they are closed, please stop and peer through some windows, if possible. It would be neat if you could post some pics or video, for all of us here. Good luck. I know they must read some of these posts on IHUB, and laugh. Oh well, get ready, the suchi man is coming to visit.
I figured it out.....I need to ignore these IHUB charts, shown here on this site. They show multiple buying and selling today, in the volume of 350k shares, that just didn't happen on any other chart I bring up. I don't know if it is a JAVA thing or what, but their free daily realtime chart, with volume+ enabled shows volume that just did not happen. Go figure.
I'm convinced that different charts show different volume occurring. I don't have real time trading software, so I see things delayed, at least 5minutes at best. I do see a buy of about 350k right after your post. I'm seeing sometimes I think "lumped" or summed amounts of volume, lumped differently, on different charts, either as per the mid-trader involved, or a 5 to 15 minute window, summed.
Ah ha.....The charts still reflect yestedays low, no matter where I get the chart from. It will probably remain that way, as the DOW had that "slippery fingers " episode recently, but no corrections were made to the charts. Thanks.
I know most of you guys saw it drop to .0013 per share yesterday morning, for a brief moment, after a sell of some 450k shares. Right after, it shot right back up to .013, because of a small buy, under 100k. When I look at a different 2 day chart, like say Fidelity's, it shows a different "tale" of the volume activity, during yesterdays morning fall/rise. First of all, who's charts can you trust, for volume+ activity, and secondly, what changes the instantaneous share price? For example, about half an hour after yesterdays morning low, Fidelity's chart shows a buy of about 700k, which only caused a .001 cent "drop". I guess I'm asking what governs share price? It can't be bid/ask. Is it just impossible to know what made it rise, or fall, in only microcap type stocks? With large, med, and small caps, it is "easy" to see, with mostly selling, or mostly buying, causing a fall or rise.
Something is rotten, in the state of Denmark.
I haven't been at it as long as you have, but I have seen the chapter 11, and another trick of the trade."We feel it is in the shareholders best interest, that we do a reverse split, as it may attract bigger dollar investors". Of course after such action, the stock continues to plummet, and they now have the large shareholders off their back, at usually a 10 or 20 to 1 ratio. Oh well, I'm hoping they are a legitimate endeavor, as companies like Regeneca depend on them for their livelyhood. I think we should ask Atlanta1 to do more frequent "drive by" trips, so we'll know if the end is near(when he sees people loading a U-haul truck at the site, its all over). Peace.
Sorry Audi, no sermon intended. No I'm not trying to pump the stock up, as I sincerly hope the stock recovers from it's current lows. Heck, I'm just saying that if the stock got back up to .10 or .15 cents, don't you think PSC would be right back in there saying "It's the next best thing to sliced toast"? That's all. You know you can't "get even" with PSC, just as I can't "make" VIVK release a Regeneca dividend. Again, no harm was intended. I actually wish PSC would pump it up again, so I could get out with some dignity.
Hey Audi, I can understand you're being angry with PSC, but did you really buy in to VIVK "blindfolded", completely trusting PSC's hype news? Also I've got to ask, have you made other purchases based on their recommendations, and made out like a bandit, profitwise? How good is their track record for good picks in the past? Possibly you should ignore their choices, and make picks based on your own research. I'm losing my socks in this too, only on a small scale.
I was just curious Atlanta, thanks. Hey LongJohn, I did some hasty research on VIVK, before buying in two months ago. It looked promising, things like Vivablend looked like a positive product, based on fruit and vegetable extracts, etc. I went to the Regeneca website, watched some of the testimonial videos, etc. I was amazed at the prices of some of the products(high), for a 1 month supply. Regeneca seemed like a multi-marketing company, kind of like Amway or Tupperware, but sometimes these types can have explosive sales, based on good news about the products. So I took a small chance investment, mostly based on a claim of a spinoff type dividend, which hasn't materialized(yet). I truly missed an opportunity to sell my shares, just days after buying them, when they more than doubled in value. Currently the price per share is plummeting downwards, for no apparent reason. Beware if you're thinking of getting in now, although as they say, "It can't go much lower". Good luck.
Hey Atlanta, at what point will you dump your currently purchased shares, if necessary, to preserve some of your "shirt"? When you announced you were back in days ago, I looked immediately at volume and saw two 50k tics. If that was you, do you plan to dump if it continues to go lower, or will you ride it out now, down to the dirt perhaps(.001)?
Thanks for the info Atlanta.....I wish they would make such info publicly known, which might make a lot of shareholders out there happier, to sit and wait. I guess I'm a chicken because I never called or emailed any of them about it. You probably dumped most of your shares from back then, so you are not so concerned about the dividend any more. Thanks again. As for Looney Tunes, yes I think they were buys this afternoon, as per the blue volume tics, if you can trust the chart directly above the messages board, here on IHUB. Just click on the chart.
I'm praying for a bounce back to about .07(midway between my .06 and .08 buys), and I'll gladly get out for break even, having learned my lesson about how a company can lie about a dividend. I wonder if it has to do with how they used the word "expected", for when the distribution would be released. All they would have to do is come out with news that their "expectations" fell short, and I would be satisfied. I can't blame you now Atlanta, for just wanting to make a fast rise profit, on a fallen stock, with no feelings attached to the company, whatsoever. I just can't see taking such risk myself, as this one seems destined for sub-penny prices, soon.
Wow, it's almost like "no news was good news" in the previous weeks....I have a question....Is severe dilution something that would be "visible", as in large repeated volume chunks? Or is it something unseen, as in next time they have to report the OS, it has jumped from 63 mil. to 150 mil. shares(for example)?
You're scaring me about this company, and its crew......Was it you who said a while back, that they were near the company's location in Iowa, and did a "drive by" noticing an ordinary looking warehouse, with a few expensive cars parked outside......I should have seen the writing on the wall, at that time......By the way, has anyone out there ever received an annual prospectus booklet, or voting proxie from this company in the mail? I haven't owned it long enough yet.
This stock makes no sense. To have upscale volume to the tune of 6.5 million shares, and the stock still does its continuing dive downwards, below .03 right now. Forget about their dividend lies. What is it going to take to cause a rise in share price, or is it even possible?
I can't see blaming PSC for the whole mess. Even if you all were paying them an annual subscription fee for their hot "picks". I receive several free pennystock newsletters in the mail, monthly. I find them interesting reading, although they all show their fabulous picks results from the previous year only. To get their latest hot picks, you must subscribe or become a member, even though their disclaimer still guarantees no success rate. One junior gold stock picker wants a 2000 dollars a year fee, with still no guarantee, although his last year picks earned over 1000 percent average gains. It's their job to boast about how great this stock is going to be soon. Actually, had you bought in to VIVK when their pumping began, and gotten out when it was .18, you could have doubled your money. I bought the stock based on the company's claim of a dividend, and never read PSC's hype news, until afterward, so I feel cheated differently.
I agree with Atlanta1.....the first thing they need to do is "come clean" on their dividend claim. Even if they say "Regeneca's IPO release has been pushed forward, causing a delay in our dividend commitment". As far as them removing the claim from their website, I guess they can do whatever they want with that. It's the 10-Q and 8-K releases that bother me. I've actually had thoughts of how one would pursue alerting the SEC of their false claim, or forming some sort of class action suit, etc. Possibly this is needed to get them motivated, although if a chapter 11 resulted, and we lost all, I'd certainly like to know that their lives were crushed also, and all their gains were equally lost. I haven't tried contacting them directly, as I've heard that they don't return calls/emails, or are unavailable otherwise. Besides, a little follow up news would be read by all concerned shareholders, and be to their best interest. Am I wrong in my feelings about this? Share prices will fluctuate on their own, as all penny stocks do.
What was it that Lehman Bros. CEO walked out of their mess with.....was it ten million?
Sure, I'm aware of the risks that these stocks pose. As I said, my losses in this one are small. I've lost and gained on micro/small/mid/large caps, as a whole. My investments over time have been in an IRA, so it's kind of "play money", and no capital gains or losses need to be handled, for now. I guess I'm just mad that this stock is probably the first one I've owned, that has made a claim of a dividend, and not followed through. So if Atlanta1's claim of dumping the stock at a great loss is true, and he was in contact with them almost daily, then I don't feel too "taken", having only read what was available publicly. I guess my point is that if they just put out more "happy" news frequently, other investors might become interested, and the whole thing could "take off"(still could).
I'm not so much burned out on microcap and penny stocks as a whole, as there is much gains to be had, if one uses the proper wisdoms gained over time by being burned, or reaping huge gains. It's just that the "greed" factor gets in the way. I first bought in based on the dividend claim I saw, on www.microcapmarkets.com. Sure the dividend would be small(1 for 11), but it could grow into something if the stock "takes off". In fact I believe the stock(VIVK) rose in value, based on that news alone. Where I let the greed get in the way was when I could have more than doubled my money in just two weeks, and I "missed the boat", in lieu of a potential dividend, that may or may not materialize. I'll still hold on to my shares for "the ride", and hope for the best. I just think that they could keep investors happily buying more stock, if they just came out with frequent news, about their progress.
Maybe I should have gotten out when it rose up to .18, momentarily. I bought in at .08, two weeks before the "rise". My damages are small at only 10000 shares, compared to a lot of you other guys with several 100k shares. Of course I did buy another 10000 at .06 as it fell to its present low. Woulda,coulda,shoulda......sometime it is the lesson learned, with these penny stocks.
Boardering on criminal? How can they file a legitimate 10-Q with the SEC, that plainly states that a dividend was to be distributed a month ago, and it never happen? No follow-up news about how they are sorry for any delay, or that they are currently assisting Regeneca with their IPO in May(May is over soon). Am I soon to hear of them filing for chapter 11 protection, and the apology will occur then?
I just bought 10k more shares. Placed a limit order at .06 this morning, and it just went through at .059. My account is with Fidelity, and the mid-trader was LAFC. Last order a couple of weeks ago went through via Knight Equities, as mid-trader. Hoping this isn't just a "hype" penny stock. "I bet my money on de bob-tail nag, somebody bet on de bay". Later guys.
Thanks a ton.....I may call them.
I have a question for Atlanta1, since you say you keep in touch with the company's IR......I'm a little confused about the record date for the the dividend......In all the news I can find about it, the record date is stated as 2009. When I view their most recent 8-k, it states a record date of 2010. I'm presuming the 8-k is the "legally binding" date, and all other news sources have it wrong. Have you any info on this?
I lucked out and bought my shares about two weeks ago, when volume was "slim". I waited with a limit order for three days at .08, until it went through. My risk factor was a lot less by purchasing only 10000 shares(now I wish I had bought a lot more). I bought it with hopes of the small dividend I would receive, but now I think I'll hang on to it for the long haul. Their news seems quite promising, and I hope it's not just "hype".