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Get ready for the price blowing south
Wave as it passes the Disney price. It'll be fun to watch where this goes. Tough to say if/where anyone steps up and defends it. Buyers get overwhelmed by the avalanche of stock available. I'd say the $.15 cent Sep. low is a lock to revisit. Wouldnt be shocked to see a dime in this move.
Meanwhile, back in Gotham City, he worst mgmt team on the pink sheets remains dead silent. Dead money for a year primed to get worse. It's Tailspin Time.
Perhaps when the stock hits a dime this brilliant, shareholder-friendly Mgmt team will issue a news release. People will be expecting some clarity about the ownership of assets. Instead they get:
"For his ongoing dedicated service to POW!, we are granting Gill Champion 625,000 additional $ .13 cent warrants--right above the current ten cent price...Oh heck, lets make it $.12 cents! Lawyer Lieberman gets 625,000 shares too. And our Superhero's wife cant be left out. Lois Lane gets 625,000 too."
All you nickel fantasizers--if they lose assets in a lawsuit judgement you may get your wish. The silence behind the whole matter is deafening.
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!
We goin' to go to da moon baby!
Yah, so strap in.
Hail da Ulmighty Stan LEE!!! He is Da Savior of da Wall Street Universe. And Gill is 2!!!!
Friendly word:
If you havent done so, finish your accumulations, all. And shop in between. This stock has been basing for 1 year. It wont be dead money forever.
<And he's also not a businessman.>
You got that right. He's a creator. And thats is. The rest is greek to him. As a businessman he has to be told what pant leg to put on first. Behaviors that come natural to businessmen go right over Stan Lee's head.
Palacian, you have established a false causal relationship.
I an not in the red on POWN. I am dead break even after 12 months. Not that that is germane to anything.
What this mgmt team knows how to do is destroy shareholder value instead of build it. They grant themselves millions of dilutive warrants just above the current share price. This is against shareholder interests. The warrant issuance comes on top of doubling and tripling of their cash salary compensation in the last year. The stock remains on the pink sheets because mgmt wants it to remain on the pink sheets. This is against shareholder interests. Needed investment capital through private placements fail (3 and counting) because your deft mgmt team says they are to be paid every dime in salary arrears before any new investor capital goes to finance any project. Who the hell would invest $3 million in a PP when the first $2.4 million goes to clean up the balance sheet and line mgmt's pockets? This is against shareholder interests.
In the past 12 months Lee/Champion/Lieberman are proving to be greedy little men who care nothing about enhancing shareholder value. Issuing themselves 5-year, 625,000 warrant blocks with a $.40 cent exercise price entirely ignores the needs of shareholders. In the past year outstanding shares have exploded from 106 million to 131 million. This is dilutive to shareholder interests. No doubt more is coming.
It looks more and more like we will get paid when and only when Disney issues a movie announcement. And as of now nothing is green lit. It could be 2 years away. This company has nothing concrete to say. The IR firm held a POWN "event" in NYC at the Friars Club two weeks ago on the coldest day of the year. NY was shut down that day. The next day it traded 3,000 shares in the first hour, which tells you how compelling the few people who attended found POWN.
These are facts, Palacian. How can anyone be happy? Institutional ownership is 0%. The IR firm is not scheduling Lee to attend ANY of the multitude of growth stock conferences that occur in Q's 1 or Q2-where fresh capital could find its way to POWN stock.
In the meantime the IR firm receives 825,000 shares of stock for its "services", which havent even netted us POWN shareholders trading volume, much less an uptrending stock along with the rest of the market. What do you think the IR firm does every month when their shares arrive? Take a guess.
Yeah, I love being bamboozled. How do you feel? Did you break down the co's $1.5 million in revs? They book the Disney affiliate's investment as income. How much of the $1.5 million was actual project revenues? About enough to buy a jar of peanut butter. 2013 and a Disney movie cant come soon enough. This company has nothing to offer near term. Unless you consider a PR appointing Champion and Lieberman higher titles compelling. Wall street didnt. We are missing this entire bull market leg. Dead money. And you cant blame it on the stock market because the stock market has been Great for 6 months. And so too is the NASDAQ. And so are secondary stocks.
Cant even get it to trade
Dow makes 30 month highs. NASDAQ market going right along with it for the last 6 months. This winner cant even find sponsorship or a stock broker to push it. Tells you how big your NHL deal is worth. The proof of anything is in the stock price and volume. The IR firm must be pitching the stock to homeless men living under highway overpasses. Something tells me this IR firm is not even that connected. 0% institutional stock ownership. 0 trading volume. Broad market making 3 year highs. Yep. Winner.
"I'll be trying to move some $$ around to buy some more next week assuming it doesn't run away."
It wont.
Yes Stan is quite the media hound. He has been since I bought the stock, which next month will be the one year anniversary. I do not go ga-ga over Stan Lee and his appearances like some others. He yet to deliver a single penny in operating revenues, much less net income. These media appearances mean exactly nothing to the stock price, nor do his Comic Con showings. From a shareholder vantage point, he has yet to deliver a thing. All the while the Dow soars to 30 month highs and the broad market is going in tandem. Am I supposed to be impressed with his latest LX TV appearance? Okay. Rah rah.
I wouldnt be surprised if today isnt another very low volume trading day. I'll bet it doesnt even trade. Takers? LOL.
Might be able to buy your favorite company at the Disney price.
Good take, Fox
Give it to the end of the first quarter. News flow and share price should be much improved. If not, I join your camp.
I just typed 2 paragraphs and decided to erase them. I'll just say this quarter.
Load up
I would guess looking at the level 2 that there are 100,000 right there at $.35. Buy em now. Get happy later.
What you are seeing is someone using UBS securities to actively advertise they are a POWN seller of size right here. For days, the seller has been advertising he has no shrotage of stock for sale at $.35 cents. To further their message they went low offer alone at $.34 cents. Near the close they made it patently obvious to the world by lowering their offer to $.33 cents, two cents below the next lowest offer. Just to make sales.
You clearly show you look at a level 2 screen and have no idea how to interpret it.
There is a large supply of stock right here. If/when buyers clean out the supply it should advance toward $.50 cents. Its going to take some real buying right in here to begin the move. It has 'crept' right up to teh supply. The stock isnt going anywhere on 11K shares of buying (ie today). Sellers are scarce too so the stock continues its stalemate. If the whole board-posting team bought 20,000 shares apiece...now that would do the trick. Aside from that an announcement may have to be the catalyst.
It's probably going to take impactful news to get the stock beyond the mid $.30's. People trying to goose the stock higher with odd-lot sized orders are just nibbling at what's there. My feel is there is probably 200,000+ shares available below $.40 cents. It is going to take someone willing to bid for a block of stock to get this going again. And without news, I cant imagine what reason would exist since there is rarely two-sided order flow in this stock. This stock is either being accumulated and driven higher, being unloaded and driven lower, or sideways and trading by appointment only. Board members' retail buying and newsletter pumps only moved the stock to the top of the trading range. That would leave the announcement of IMPACTFUL news, which would include uplisting to bulletin board or a Disney announcement to do the trick. Aside from those two, it is reasonable to have reservations that other announcements (ie. comic book) would generate enough interest to create a quarter million shares of buying. So we wait.
Any way you slice it, this is early stage pennant break. The stock just stuck its head out late week. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=pown&sid=0&o_symb=pown&freq=2&time=10
This week should be a follow-through extension week. Watch your news screens. And dont forget to be in ahead of time. Timing is crucial in life. no?
I am here. Keeping entertained reading all your takes. Post on, fellows. You are a loyal troup, I must say. POW! is lucky to have such a loyal group. Most companies' shareholder bases are not nearly as passionate nor committed.
The stock can be bought for less than the cost of a postage stamp. Dont let me stop you from entering your Buy orders during market hours : )
Newsletter must have zero subscribers
Here's my read: POWN inexplicably trades 35,000 shares Monday, by far the highest trading volume day in the last three weeks. The next day their writeup comes out. Then on Tuesday--the day the penny stock guru's issuance is made public. It generates 13,000 shares. $3,900 whole dollars. LOL. And today? Not even 100 shares the first half hour of trading.
That tells me the 39,000 day before the pump rag paragraph came out was them buying POWN before their 4 subscribers all received their copy. On Tuesday, the subscribers bought $3,900 of stock on their own.
Market movers those Penny Stock Gurus are. Goldman Sachs.
I'll bet people on this board do not even buy 15,000 shares Monday.
Not a peep of a buy order since the great letter hit.
All this talk. So who will be buying Monday?
If this stock is one day worth $1 which of you ardent Gill Champion fans will be tripling your money with that $.30 cent stock sitting there when the market opens?
Its a good hunch.
This stock going up and staying up is a paid function of the IR firm reaching out and introducing POWN share to new markets. It traded $1,950.00 worth of stock Friday. For the day.
People on this are ARE the market. Nothing has changed. Lack of volume tells the tale.
Trader, had you gone to the Seattle Comic Con you could confirsm Stan's public answer for yourself.
Yes, my public prediction of a private placement price per share are off. To date, to my knowledge it hasnt closed. I have inquired several times about my investing in this round of financing. I dont get a satisfactory answwer. No news announcement has yet to be made. But I have my prospectus right here with their financials and all the co. information contained within. At least I had the balls to make a price prediction. You on the other hand were in denial the company was even trying to raise money. Something about people show up on this board and spread rumors and how you believe nothing. Your choice. Nothing wrong with that, just sayin...Not sure what your prospectus says about POWN's cash flow, burn rate, 2009 and prior years Revenues, warrant dilution and strike prices to the underwriter if certain dollar breakpoints are achieved?
Paul went to the Seattle Comic Con instead of me because, well, he lives in that city and I dont. I have known him since college in 1982 and he is a Christian and also happens to be the compliance head of a regional brokerage firm in that city. A more honest fellow doesnt exist. If I left to live in Europe for one year and had entrust my money to someone, it would be him. I have never seen him post on any message board. I am sure his employer would love that. When he phoned me driving back from the Seattle Comic Con he said he was excited having met Stan. He described the crowd that followed him everywhere. I remember he said they charged fans something like $50 attend Stan's autograph session and follow up Q&A session. Paul asked his question about the soonest a Disney movie could be released and Stan answered late 2012 or early 2013 before a room full of adoring Stan Lee fans. Probably not stockholders.
Its funny you seem to take umbrage to what Stan publicly candidly said in front of his fans and autograph seekers. And then you somehow want to tie comments Stan made during his Q&A session in to prior stock predictions I made. They are not related. I remind myself that in the end posts are just entertainment on a message board. They contain peoples' financial hopes and expectations. Good luck with yours.
<<Since then all Stan has said is it's so close to being done and it kills him not be able to talk about it.>>
In the Q&A session at the Seattle Comic Con my friend asked Stan point blank amongst several people when the earliest a movie with Disney will be "Green Lit". Green Lit is an industry phrase that refers to when a movie project enters the final innings before release. Stan answered "late 2012 or early 2013".
Which Stan Lee do you believe? The one that said two years from now earlist (in front of a crowd of attendees) or the one that intimated a movie is "so close to being done and it kills him not be able to talk about it".
$ .20's dead ahead
somebody needs to buy this stock. It has run out of buyers. Now if a well-paid IR would only do its job...pullback into mid/upper twenties probably a good buy.
answering your question
The company has barely any 2009 revenues at all and substantial losses. In the end, all the pomp and ceremony will not attrract Wall Streeters who can see beyond the fact that POWN is a "Story Stock". We know Stan Lee and his reputation are the sizzle. The steak is not there. The balance sheet is not pretty, nor are the monthly losses and complete lack of revenues. Disney movies are far in the offing. Do you know what 2-3 years means to Wall Street? May as well be 100. You may (or may not) think I am being negative but this is why you have a thiry cent stock which trades $500.00 worth of stock some days. Stan Lee gets in front of the media and goes on autosell. Great. When he can bring in projects that generate $1.0 mill in company revenues then someone beyond board posters may begin to care. Meantime, there are no revenues, substantial losses, a non-reporting pink sheet stock listing, zero insitutional stock ownership, an investment banker that has not raised the $3-5 million they said they would, an IR firm which is not aggressive, too many shares outstanding (106 million) for a company with no revenues...and projects hyped that look to generate a couple hundred thousand dollars here and there when they hit and if they are successful. They havent happened yet and they dont negate the losses.
All the above is factual. I dont like it. But its factual. My main gripe is nothing happens fast at POWN. POW! can and may exit 2010 with no stock uplisting and no new investor capital to fund character development, which was promised many months ago. This is the third private placement attempt I personally know of since 2007 or 2008 that has yet to be successful. I have seen financings take as little as 30 days. Good reverse IPOs are done in 30-90 days all the time. No public investors have stepped up to invest their capital. Now why do you think? I get no responses. It's a simple question. No one will address it. Having had extensive relations with IR firms since the mid 1980's, I have my own thoughts about this one so far.
Those 250 shares traded away from the house you placed your order at or you would have gotten them. It is likely the transaction did not take place in the system that had your order. If you have a burning desire to find out, you can call the trade desk at the firm you used and they can run the equivalent of a time & sales and tell you where the shares traded. I will bet the order was placed in another system and they elected to take in the shares themselves, as would I with a .06 cent spread. He probably wishes they hold sold him more.
You were .03 above the best MM bid. Your going down either triggered a 'sell' on someone's books or someone sold the 250 at another house. No one screwed you. Odds are your firm never saw the shares so they couldnt possibly deliver them. There are no tactics involved, but if you have never sat on an OTC trade desk you will not understand much of what you are seeing on your screen. I suspect that is what is happening here.
Good luck on your remaining fill. If you dont bring the order back to 5000 shares it will never show through and the world wont know you a bid exists there (except perhaps for the house you are using). You could see several prints below your $.31 limit and it doesnt mean you are being taken advancage of. Many firms make a market in POWN stock. All it that means is the transactions occurred away from your firm and they elected to honor the inside market and keep the stock in house because it fit their order flow (they may be working an order or they saw the stock as a good buy for their own trading account). To assert that something is going on here will need some proof. And I would bet nothing happened out of the ordinary today. I watched the level 2 all boring day and there isnt any funny business here. This stock is clean. Not even any shady MM gyrations or posturing away from the inside market. There arent any crooks, thieves or robber barrons trading this stock, not that I could see. There's not even a short position. I believe you are barking up the wrong tree. Good luck acquiring the rest of your piece.
I have found that most people who trade small cap stocks do not know rules and regulations. And when something looks unexplainable they throw blame at the market makers. Not that that is what is taking place here, just an observation after reading many posts.
For pink sheet stocks trading below $.51 cents, the stated minimum size is automatically 5,000 shares. If your $.32 cent bid was good for 10,000 shares and it got hit for 7,200 shares your remaining 2,800 unfilled shares are still open at that price. But they wont show through any longer since the unfilled portion is less than 5,000 shares. The next best MM bid below your 10,000 share buy order was at $. 28 cents -- you were $.04 cents better than any other MM was bidding. So when your remaining buy order became good for less than 5,000 shares, .28 bid is what people see. If you bought 515 shares at $.29 cents while you had a $.32 cent order for 2,800 shares not showing through then consider your .29 cent stock a gift. I cannot determine their origin.
You did not mention what brokerage firm you placed your order at so I cannot tell if your order was done as principal or agency. I dont know who was bidding on your behalf. Was your 10,000 share order complete at day's end? If not, the order was left on someone's books and is still live if you placed it GTC. If it was a day order you will have to re-enter it tomorrow. There is no pre-market trading on pinks sheet or BB stocks so placing any kind of order before the opening or after the close is telecasting your hand and intent to wherever the order is routed to if its an agency order. Always trade small caps with day orders only and re-enter unfilled portions after the opening the next day. Never give MMs any insight into your trading strategy by showing them your hand. Overnight orders do just that. Good luck trading.
Ah, if a man could only post what he knows without compromising jeopardizing anything.
It's okay. I know nothing. Buy every pullback and let those who will enter on news do the dirty work for us.
You made a clearly accurate assessment, TT. The shares are under accumulation. The stock has taken on a different personality since mid-Sep. It's way early in the game for this one. I dont look for operating break-even for many quarters. I would like to be Wowed by some real revenues first. Any impactful revenue stream has not yet begun. As I say, it is still very early in this. I think a fellow still needs to be long this stock 4-8 quarters from here to ride the wild elmo. To Wall Street, 8 quarters is an eternity. But that's the POWN landscape as I see major project timing. If you want the little projects and anticipated little stock price jumps, we're not far off from the first ones. The early 2010 stock climb was fueled by speculation. Moves from here will be fueled by substance. Therefore, for the first time in POWN's stock trading history, upward moves should be sustainable with a long term pattern of higher highs and higher lows. Nice weekly pennant forming on the 2-year. The stock seems to just be awaiting news before lifting. Fifty cents ahead. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=pown&sid=0&o_symb=pown&freq=1&time=9
I am not seeing posts about the stock readying to lift off from here. Understandable, if people are wound-licking after Q2 & Q3 2010. Remember how much fun Q1 was? May 2010 go out with the same bang 2010 was ushered in with. I have a hunch we will have a fine holiday season. Just fine. I do hope everyone is loaded/loading as time is of the wastin'. Buy every pullback. I anticipate much rejoicing.
Shotmaker, I will predict.
Monday is the short term trading TOP. The stock trades in the $.40's and closes in the $.30's, well off the highs. Volume is in the 200-400K neighborhood. Owning a hair under 10% of the float, we wont be selling tomorrow. Well, 2 of the 3 of us wont be selling. I havent talked to #3. In the $.40's, even though its a fast double and I am certain others on this board will be flipping, it would be like leaving a baseball game in an early inning. We dont own 10% of a relatively illequid stock for a fast twenty cent move. We didnt sell any at $.80 cents. I wont be selling at $.45. (We did buy what we could at Disney's $.19 cent buy-in price the last 45 days : )
In the $.80's, posts appeared talking about buying houses with the POWN profits that lay immediately ahead. That proved to be a top. At $.16 cents posts appeared saying some gap at $.04 cents would get filled. And the number of posts dwindled down to 1-3 per day for over a week. That was the bottom.
Jax, the numbers you are quoting are off.
But rather than update them they are going to change again. Once the PP raise is complete repost and I'll share my numbers. The share totals are going to shrink and you'll get a better float number and total outstanding number once compensation shares and warrant strike prices are officially disclosed.
Good to see people happy and hopeful again.
We have a run ahead of us before shares return to fair value. Enjoy the prosperity. Likely Goodbye to the Dead Money Era of the last 5 months.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=pown&sid=0&o_symb=pown&x=51&y=15
We're in the bottom of the ninth inning, Shot. You/we are not going to have to wait long from here. Your patience and the "Dead Money" period in POWN's stock are expiring simultaneously. A lot is about to change. Those shares at $.24 cents are going to look juicy. I think they are damn near 'free money' regardless of the broad stock market. POWN is scary-ass compelling to own with a approx. $20-25 million market cap. It is a joke. It reflects nothing. The shares should double-give it 90 days. May this be the first and last pink sheet stock I ever buy. It is only because in 24 months this company will not look anything like the balance sheet looks today that I have bought it.
If God blesses Stan with good health and a continuing humor I foresee many celebrations.
about the quote
You are correct. I answered his question from the prospectus. I would have no problem 'circulating' the prospectus if you get Lee, Lieberman or the investment banker to green light it. I keep an old email address at: dognasuds@yahoo.com Just send me an email from an officer at either POWN or Celadon Financial okaying the idea and I will do it. Meantime, if you have pointed questions whose answers are contained in the prospectus I will refer to it in my responses.
Hey MM. How are you hanging in there?
Onto your question:
"POWN will file a registration statement on Form 10 to become a reporting company under the Securities Exchange Act of 1934 within 120 days after the completion of the offering...POWN will use its best efforts to have it become effective within 60 days of the offering."
The offering period ends Sep. 13.
Interpreting the above, it seems reasonable to estimate becoming a reporting co. and bb stock uplisting will occur sometime during Q4, 2010. Q4 is also when the co. is expected to emerge from developmental stage to an operating co. starting with revenues from the three new comic book lines. Becoming an operating co. and stock uplisting coincide, probably by design. POWN should generate first-time project operating revenues in Q4 and will be reporting them to an eager audience. We 'Gee Whiz' investors invest on faith in Stan Lee. The next tier of investor will only invest if quarterly reports are mandatory. POWN needs this capital to fuel growth. And these investors need regular quarterly reporting and an annual report in order to invest. When a need-need relationship exists on Wall Street, things happen.
I also hope the co. schedules a telephone conference call after every report starting with the first one that permits ourselves and the Wall Street community to ask direct questions to Mgmt. and receive answers. I'm amped for hearing the responses to two or three of my own.
I will look into what additional revenue sources are expected to begin within the next six months (beyond the 3 new comic book lines). 2010 revenues may be minimal so I want to see what is shaping 2011. For now, I believe the revenue growth numbers we are seeking may occur in 2012 & 2013. 2+ year wait for a possible ten-bagger from Friday's closing $.24 cent bid? Quite possible. Especially if the 'Blaze' release remains on schedlule.
<Still not sure how fast the wheels are turning on this operation/side project?>
As fast as a company operating with no capital (or revenues) can grow. When POWN can afford to invest a few hundred thousand $ in select projects, it can profit from up-front Executive Producer fees and get some back-end participation. With this kind of remibursement structure, the co. is confident a project doesnt have to be highly successful for POWN to profit. The more projects they stuff into the pipleline, the better the chances one will be a blockbuster project-resulting in ongoing revenues from licensing, back-end participation, merchandising and other opportunities. Includes new media like mobile, on-line and video games as well as traditional sources like feature length films in live and animation, DVD, television programming, etc.
I think the Co. will pick out its juiciest project candidates and finance them itself (using investor capital) before offering them to third party partners. I dont have a problem with POWN financing and taking on the risk of projects Lee deems 'cream of the crop.' This is an investment in Stan Lee anyway. I will pay for and live by his decisions on which projects are most deserving. It is clearly a bet that Lee will be right. In the past that has been a good bet. I am betting the old pony has more tricks left in him and that he can identify a successful creative project idea in his sleep. The co. says there are 20 projects currently in development, although the majority are never produced.
Up until now POWN has been reliant upon its relationship with a Disney affiliate in order to survive. Our new investment banker is at work right now to broaden the co's sources of financing. POWN is as worthy of investment capital as any emerging growth company. Money will go directly to fuel revenue growth. Not back salaries or debt. I think POWN works and this stock doesnt peak for years. New investors should make a bucketload 1-3 years out. I plan to wait it out. At $.25 cents, many factors are pointing north for a 10-bagger or more. Probably more.
This is a developmental stage company.
Of course the financials are going to look disastrous. All developmental stage companies ring up expenses prior to revenues. Is POWN "embarrassed" to show their financials because they have been giving away the farm? Who's to say? But I think that's a stretch.
Typically entities like POWN which license undeveloped ideas, will receive approx. 15-25% of future profits. If the stock offering is successful POWN will have the funds to invest in the initial development of projects itself. By investing in the initial development, POWN is likely to DOUBLE its share of profits. It will also reduce by as much as 75% the time it takes between idea development and project completion.
POWN shouldnt have to give up any farms in the near future.
The poster erred.
The money was made available Jan 1, 2010. There is nothing pending about the transaction. It was completed.
Hey, it's great to be having this conversation.
I called Disney and spoke to three departments while fact-finding. From notes I took, Disney has bought only 4 publicly held companies in the last 15 years (since 1996). They are ABC Broadcasting, Pixar, Marvel and the 10% stake in POWN. Those are the four public companies and details of the transactions are easy. Disney wanted all of the first three and bought 100% at one time. POWN is their only 10% partial position of a public company.
You say Disney historically increases its stake after one year and/or buys the rest of the co. Please name the companies and furnish details of their increased stakes positions after one year and the buyout prices.