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Added another 250k @ 0.0025 on the pullback-now have 500k @ 0.0027 and waiting for the run up today-will be selling into the rally-not holding this one long, or I will die with it lol
Just jumped on board for 250,000 @ 0.0029 Thanks for the heads up Aufan
Possible play on thinly traded biotech TROV - only 11.5M outstanding shares, recent reverse split and some noise from Seeking Alpha article, made move yesterday and wouldn't take much interest to move this with only 11.5M outstanding shrs.. any thoughts anyone?
GTIM exploding right now. Up 30% to $2.60. If you are still holding(like me). Time to smile and do the profit dance.
GTIM starting to move. Up almost 20% so far today. Need volume to run north
Jumping into GTIM right now Order for 1000 @2.20 partial fill of 900 so far
USEI posted 0.05 pre-market-This one has been a beast for over a week now-got in at 0.005 and sold 3/4 at 0.029-0.033 range and now up to 0.05 WOW
That was meant to be EFTI that I bought into...sorry
Just jumped into EFSI. Grabbed 150000 @0.003 even. Not sure if it has legs today or not.
LQMT and USEI both making nice moves this morning
Looks like positive news with substance. Not a fluff PR. Always a good sign. Let's see what the stock does this week off of the PR. Nice find on info OTC.
Nice board Aufan. Great idea. Let's hit some winning picks now
It's already too late for us. We are bagholders now, the R/S is never announced until it is too late to get out. I have been in this stock for a long time and didn't expect to get screwed like this. OH well, add it to the list of stupid plays. Never believe the rumors, get out for any profit...
See what happens now
fz
Where in all this dilution can you find anything that links this to Belmont???? The dilution occurred after Beebe took control of the shell----if you for one minute believe that a SINCERE effort is being undertaken by the owner of this shell to enhance shareholder value---you should stop investing. This is a classic scam to steal money from investors---I have not seen a R/S that ever has enhanced anything but owners pocket change....once we LOSE our shares---they will pump more into the market as dilution again and once more unsuspecting people will pour out cash on promise and fluff.
I am a bagholder here and anybody that thinks anything positive is happening is not paying any attention to the situation
fz
Are you stating that today your group is going to attempt to purchase over 1.6 million shares of FFBU of common stock starting at 0.018/share????
When for the last month or so less that 50K shares trade per day???
I find that interesting to say the least....Do you think that that announcement is going to make the PPS surge for a P & D profit on your part???
Very curious to show up and drop that little nugget here.....why would you want to invest that much into a shell with no known merger in play here???
How are you going to drive a non performing and non revenue producing shell "Back into popularity"?????
fz
Just my opinion as a fellow bagholder here folks. You can buy all the shares you want @0.0001 or 0.0002, And probably have no problem buying---just try to get any sell order to complete and you will better understand that all you are doing is giving some more of your cash to this pos. None of these MM's are going to fill your/my sell order because the company is supplying them with an unlimited supply of shares to sell and it's all profit because this is DILUTION plain and simple. The only next logical step is either a ridiculous Reverse Split, or some worthless warrants for additional shares at no extra charge to the shareholders which on paper increase your share count. But that is all it is,, paper with so many exchange caveats, that you can never exchange them, But the paper warrants will make good bookmarks or wall hangings.
Sorry, But this puppy has sailed south for good, I am afraid.
Still holding-but only because the sell commission will take most of the remaining value away. I get to keep this right next to SBMI as worthless---
fz
PS Merry Christmas to everyone :)
Aufan
There was one trade posted at 4:20 PM for 7,000,000 shares @0.0004 (that is the correct amount of decimals) and then 3 trades with ZERO shares to show a close of 0.006 on a total of 21 trades, so it appears that only about 460,000 shares were traded besides that one strange block after close.
I hope this isn't a dilution play either cause I'm with you guys scratching my head on this one.
fz
Just a heads up on the ticker change..it should be pretty transparent since the company in not uplisting to a higher board. The trading may be normal right out of the box (whatever normal is anymore here) or may not occur for a bit after market opens until all the MM's change whatever they have to change ( and I don't mean just their "SHORTS"). My guess is the after hours PR announcement should make the change smoother for everyone.
Still holding a whole lot of shares in some really red colors---and still holding my breath that my money wasn't wasted on this one.
Maybe, just maybe we can get some legit volume and price pressure to go with it. I am real sick of this price channel the MM's are keeping this one in.
Let it go-stomp the accelerator and blow the carbon out of the cylinders. That always worked for my old small block Chevy motors...lol
Time will tell
fz
Today VGPM had a total of a little over 402,000 shares trade with a total of only 13 trades. Three trades of interest occurred in a 3 minute span and constituted the majority of today's volume. I will list them now
125,000 shares @0.01 at 11:30 24
100,000 shares @0.01 at 11:32 11
100,000 shares @0.01 at 11:33 51
Total of 325,000 shares in 3 minutes. That means that the rest of the day ONLY 77,000 shares traded hands. Those trades appear very suspect, but one would think if they were diluting that a whole lot more volume would be happening. Most dilution runs are in the millions per day with no uptick in ASK. This is definitely weird and the lack of price pressure is starting to really aggravate me. LOL
I swear I am going to develop a 12 step program for penny stock addiction, so I can kick this habit and play real companies. LOL
Hope we get some kind of run soon or I am dumping what I got and moving on before it gets real ugly with this one
fz
Well we finally hit rock bottom---for all the TA players---every freaking gap is filled cannot lose anymore--the sky is now officially the limit here LOL
JUST KIDDING 45 million shares today and the final sale at 0.0001
That's all the ZEROS that the SEC allows without closing the chicken coop up for good.
Wonder what our fearless and IMO less than honest CEO has to say about another job well done.
Can't tell I'm a little bitter here can you??? Wish we could repossess his house and possessions to recoup our hard earned money on this one.
fz
Live and learn I guess
ROFLMAO on that one---if Meuse was the one responsible for dumping the shares and tanking the pps----who can you blame for the last couple weeks of dumping??
Let's all open our eyes here---today alone 44 MILLION shares were traded so far on a total of 31 trades. If anyone here thinks that is legitimate buying and selling, I believe they should put their hard earned cash in the bank and not risk it here.
Good god---do you have to get hit in the head with a hammer to see this one. I thought the bottom was at 0.005 when I bought in and watched my money vaporize into thin air or more correctly---the CEO's pocket. Of course only a few hundred thousand is raised at this pps---but if you have no intention of running a real company-who cares---he has a couple hundred large to buy Christmas for his family.
Sorry if I offend anyone here---but since I have also lost my money-I think I can voice my opinion on this "P & D" by Mr Beebe
And lastly---if anyone thinks this is actually going to forward split---Can I also interest you in a small purchase? I am going to auction off the Brooklyn Bridge and wonder if you might want in on that also??
Waiting to get flamed for the post---but I stand by my belief and won't put another penny in this POS---
fz
News on MOSH: Picked it up off of stock scanner this am and hesitated at 0.27 on buy...big mistake lol eTrade not showing any MM's on L-II real tough to figure where resistance is, that's why I hesitated
Keep an eye on it wild ride so far
Mesa Offshore Trust Announces Proposed Settlement Agreement, Including Resignation of Trustee and Appointment of Temporary Trustee
Mesa Offshore Trust (OTC:MOSH) (the “Trust”) announced that on December 3, 2007, JPMorgan Chase Bank, N.A., for itself and in its capacity as Trustee of the Trust, entered into a Settlement Agreement and Release in connection with the lawsuit filed by MOSH Holding, L.P. (“MHLP”) against Pioneer Natural Resources Company; Pioneer Natural Resources USA, Inc. (collectively, “Pioneer”); Woodside Energy (USA) Inc. (“Woodside”); and JPMorgan Chase Bank, N.A., as Trustee of the Trust (the “Lawsuit”), with MHLP, Dagger-Spine Hedgehog Corporation (“Dagger-Spine”) and another group of unitholders, led by Keith A. Wiegand (together with Dagger-Spine, the “Intervenors”), and additional Unitholders in the Trust (collectively, “Plaintiffs”) (as amended on December 7, 2007, the “Settlement Agreement”).
The Settlement Agreement provides for the following:
If the Settlement Agreement is approved by the 334th Judicial District of Harris County, Texas (the “Court”), JPMorgan Chase Bank, N.A. shall: (1) formally resign as Trustee of the Trust effective January 21, 2008, or such earlier date as authorized or approved by the Court; and (2) pay to the Plaintiffs, and not to the Trust for the benefit of all Unitholders, $1,250,000 to reimburse Plaintiffs for legal fees and expenses incurred in connection with the pursuit of claims for the benefit of the Trust within 31 days after the Court enters an order approving the Settlement Agreement.
Plaintiffs in the Lawsuit shall request the Court to appoint a successor or temporary trustee, who shall determine whether to pursue the remaining claims in the Lawsuit against Pioneer and Woodside, for the benefit of all Unitholders. The decision whether or not to pursue such claims shall be entirely within the discretion of the successor or temporary trustee.
JPMorgan Chase Bank, N.A., individually and as lender, previously created a $3,000,000 Demand Promissory Note on September 28, 2007, with the Trust as borrower, for use by the Trustee to pay Trust expenses, under commercial terms and secured by the Trust’s assets. In addition, on December 3, 2007, JPMorgan Chase Bank, N.A., individually and as lender, has entered into an Amended and Restated Promissory Note (the “Amended and Restated Note”), with the Trust as borrower, to amend the Demand Promissory Note to provide for, among other provisions, an extension of the stated maturity date of the Loans made pursuant to the Demand Promissory Note and the Amended and Restated Note from December 31, 2007 until the earlier of (1) December 31, 2009, (2) 31 days after the Trust’s receipt of any settlement proceeds, recovery or judgment in connection with the Lawsuit, (3) final liquidation of the Trust’s assets, or (4) if the Settlement Agreement is not approved by the Court. JPMorgan Chase Bank, N.A., in connection with the Settlement Agreement, has committed that at least $800,000 will remain in available funds as of the date of its proposed resignation that could be borrowed by the Trust under the terms of the Amended and Restated Note, so that the Trust can pay operating expenses in the future. Up to a maximum of $2,200,000 in loaned funds may have been consumed as of the date of JPMorgan’s resignation as Trustee, to pay operating expenses of the Trust, including the Trustee’s legal fees and costs in defending against the Lawsuit.
Plaintiffs shall release JPMorgan Chase Bank, N.A., individually and as Trustee of the Trust, and all claims against JPMorgan Chase Bank, N.A. shall be dismissed with prejudice.
The proposed settlement is expressly conditioned on approval by the Court, with an order that may be binding on all Unitholders of the Trust, that specifically (1) approves the settlement, (2) finds that the settlement is in the best interest of the Trust and its Unitholders/beneficiaries, (3) accepts the Trustee’s resignation, and (4) dismisses the Lawsuit against the Trustee and JPMorgan Chase Bank, N.A. individually with prejudice as to all claims that were or could have been brought against them by the Plaintiffs directly or on behalf of the Trust. Furthermore, the proposed order would release the Trustee from any liability to the Trust or the Trust’s beneficiaries for any claims arising from its agreement to and performance of the Settlement Agreement.
Because the Settlement Agreement is subject to approval by the Court, the Trustee and the Plaintiffs in the Lawsuit filed a Joint Motion for Approval of Settlement Agreement on December 3, 2007 and a Supplement to Joint Motion for Approval of Settlement Agreement on December 11, 2007.
The Trustee is providing notice to all unitholders of record of JPMorgan’s Chase Bank, N.A.’s intention to resign as Trustee, the application by the Plaintiffs in the lawsuit to appoint a temporary trustee, the conditional Settlement Agreement, and the hearing to approve the agreement, which the Court scheduled for January 16, 2008 at 9:00 a.m. Interested Unitholders may attend the hearing on January 16, 2008, and the Court is willing to entertain any written objections to these proposed actions if the written objections are received by the Court on or before January 17, 2007. The notice, which is also being filed as an exhibit to a Form 8-K filed by the Trust with the SEC and is available at www.sec.gov, contains additional information about how to obtain copies of certain pleadings in the Lawsuit that relate to the Settlement Agreement and about the objections that Pioneer and Woodside have to the Settlement Agreement and the Plaintiffs’ application for the appointment of a temporary trustee. Pioneer and Woodside believe that the Trustee’s resignation, the appointment of a temporary trustee, and the proposed settlement violate the terms of the Trust Indenture and benefit the proponents rather than the Trust and all Unitholders. The Trustee believes that the Settlement Agreement is in the best interests of the Trust and the Unitholders, and that it has an absolute right to resign under the Trust Indenture “with or without cause, at any time.”
Mesa Offshore Trust
JPMorgan Chase Bank, N.A., as Trustee
Mike Ulrich, 800-852-1422 or 512-236-6599
www.businesswire.com/cnn/mosh.htm
Source: Business Wire (December 13, 2007 - 12:39 PM EST)
News by QuoteMedia
www.quotemedia.com
You are correct that you cannot have that many zeros. I believe that what would happen there is some kind of rounding on the split procedure so that the share count would match dollars invested because the lowest you can trade at is 0.0001. If you bought at 0.004, you are right that an acquisition cost of 0.00008/share is the correct math. My guess is this scenario:
buy 20000 shares @ 0.004 = $80.00 invested
In a perfect world post 5 for 1 split you should have
100000 shares @0.0008 = $80.00 post split
BUT probably what would occur is this
Minimum price any security is traded at is 0.0001 so
Original investment $80.00 divided by 0.0001/shr = 80000 shrs post split
Now all that aside: If anybody here really believes that a company which has just diluted the share count as dramatically as this is REALLY SERIOUS about a reverse split needs to invest in swamp land right now, or start bidding on bridges to buy.
NO SEC filings have occurred to support that FLUFF PR prior to the dilution. The only reason any company forward splits is because float is low and demand is high. What will probably happen is more fluffy pr's will ensue over the next couple weeks to try and milk more cash out of our pockets and then some stupid reverse split will be announced after market and leave us all bagholders.
THIS IS MY OPINION ONLY AND I DO HAVE A REAL RED POSITION IN THIS PUPPY.
The "valuable" TV licenses just announced are a joke. I had a very good friend who bought into a lot of TV/Radio bandwidth license deals over the past few years and he said he lost his shirt with them,
Invest carefully here and don't buy into the PR scams
Flip when you can
fz
Keep in mind that the drop on Wed was with a grand total of about 11 trades and the last one was in the AM. There was no trading all day on this. the MM's shook to tree a little and dropped the pps again. Remember, if shares are scarce and someone wants to accumulate any, one of the current holders needs to sell. If you buy at the ask, the pps will rise, If you try to buy at the bid it will stay down. Don't let that blip scare you. No real volume is occurring which is good. You want a legit and controlled rise in the price until the news hits and right now the sucker has no volume.
Don't panic.
Still holding and accumulating here. Started buying at 0.10 so I se the red also.
fz
Just upped it to 2.00 and it filled. Lets go now, That's all the extra cash I have in the account right now.
Keep moving
fz
I have had an order for 200 shrs at 1.87 for awhile and nothing. Just changed it to 1.92 and see if they fill it. Trying to shake some trades with a buy close to ask.
See what happens
fz
Make that at least 4 shareholders here. I have been accumulating, if you can call it that, since Sept. Shares are hard to come by as you well know. I just hope this is as large as I think it could be. Also that we, the current shareholders, will benefit from a FS. They could just increase share count and leave us with what we already bought. Either way, the price should move dramatically on any news. Could be a wild ride
fz
Mr invisiblegun
I never said that I had sold my position in this company, if you would read my posts. I merely stated my frustration at how this was trading and that the pps was so low, that it wasn't worth selling. I am still amazed that some of you persist in childish prattling regarding negative observations that are posted here. Anybody that is willing to invest hard earned cash in any company is entitled to express any sentiments, concerns, observations and to question the significance of legitimate DD presented here. What is absurd is what I consider infantile finger pointing every time this stock does anything in either direction.
My sole purpose here is to try and prevent myself and anybody willing to listen, to avoid losing said cash invested, not to chide or point fingers. I don't buy a stock to lose money and if you think that a SINGLE green day after 8 STRAIGHT RED days is a magical reversal, you need to reconsider how you spend your money. If this stock maintains the upward movement on Monday, then maybe we can see a reversal, but my earlier concerns are still valid and I stand by them. It is evident that someone heard our complaints inside the company, because all of a sudden, somebody was able to issue some type of PR, even if it is not the PR everyone here has been waiting for. This was a major damage control PR to try to keep skittish shareholders from running for cover after the last 8 days.
The promised BIG NEWS PR is still absent. One last thing before I go put on my Kevlar for the heat wave about to ensue, If you read a little into how a stock behaves, and are proficient in technical analysis and chart analysis, you will realize that the PR everyone expects for big news has already hit the stock price and has been traded away over the last 8 days. When and if the news is released, it will have little effect because of all the prior speculation and volatility which has occurred.
That's my opinion and sorry if you don't like to here negative info-but I do understand that they still sell rose colored glasses, if anything would happen to your current ones
fz
What just about every stinkie pinkies is striving for. Cash flow from unsuspecting shareholders buying into the promise of big bucks. Look at the volume of shares traded daily and read the ibox for the number of shares that is supposed to constitute the float and think about how is it possible for that much of the float to trade every day if nobody here is selling???? The fact remains that maybe someday this will legitimately be a real company with real share value, but none of us will see that day because they would have to R/S the large float to a size for legit trading in dollars instead of cents. What is so hard to get your arms around is that we all as investors want to believe the company, but should only worry about our investment instead (I am down over 60% right now and that my friend sucks).
Just my opinion here-This one goes on my personal all time list as the 2nd worst hosing I managed to allow before selling out.
Shame on me for this one-I thought I had learned my lesson. From now on, in penny land no more than $500 exposure on any one of these doggies.
fz
Being a major bagholder here myself, I have been reading with amazement thru this travesty of almost legal theft and deceit which has transpired here. OK folks, just my personal opinion from about 50 years on this planet. But if it looks, smells, and feels like s***, then it's a real good chance that it is s***. I mean, 2 weeks ago, just about every freaking employee in the company was able to be contacted and all the news was rosy. Now, no-one is available to talk to any investor of the company, every rosy promise has vaporized into 'Soon, soon-patience" and all kinds of other excuses justifying the inability of a company to respond to the concerns of their investors. Call any LEGITIMATE company that is fully reporting and someone will be available every business day. We, the shareholders, are getting hosed and I have watched this happen so many times and swore I wouldn't get suckered again. Being familiar with the principals of the company, I thought just maybe this one wasn't a scam. So I was wrong once again.
Anybody here that wants to flame me for being honest and realistic is just willing to continue to believe the BS that this company is dumping on us. I have watched posters get deleted or blasted for posting legit DD on this company because the DD implied that what has just occurred was about to occur. Those posters were slammed for trying to warn investors to protect their money and that is pretty sad when the only real info some of you want is pie in the sky rose colored glasses info. The sad reality is that we have been and are continuing to be hosed right now and no PR is really going to make any difference at this point.
What 'car show' is going on right now that shuts this company down and even if that is true, is this show being held somewhere that cell phones are no longer functioning. The principals of this company were readily available via cell phone to some of the main posters here and now---whammo---can't be reached.
I just couldn't stand trudging every day thru 500+ posts to find about a handful of relevant posts on actual happenings of the company. So this post was my venting-blast me if you want, but bottom line IMO is cut your losses if you can, or hold on to the bitter end on this one, cause no one on a white horse is riding to our rescue any time soon and I will be holding this bag for quite awhile.
fz
I rarely post on this site, but read a lot of different threads, so hello all.
I do hold a position in this one also. Did anyone pause to consider that maybe something is up with this shell again and that the pps increase is advance preparation for a R/M candidate or 'done deal' (purely speculation on my part, no factual info and not an attempt at a pump) announcement. That is the only way I can wrap my brain around a F/S on a stock trading in sub-penny land right now. My 1st response was WTF is this???? oh well, it will allow me to hold even more shares at a ridiculous pps... LOL
This could be fun this week. Who knows what is going on or when the split will become effective. Usually they are announced and occur in a few weeks subsequent to the announcement. Maybe the hope is that will drive pps upward prior to split.
Time will tell....and then it's too late :)
This is my 1st post on this board and I anticipate getting flamed big time because it is not a 'to the moon weeeeeeh wooooohooooo' post. I do have a reasonable position in this stock and am hoping it to climb back up.
BUT what I have seen on this and many other boards at this site is a routine slamming of any post that hints at a negative sentiment regarding the stock and what is going on with it. I have managed to lose real money while playing penny-pink stocks and the last couple weeks here is a perfect example. While members routinely call negative posts bashers and pumpers, I disagree. If you would conduct a survey here and add up the total holdings that this group holds in this stock and then deduct that from the 'known' existing float, you might be surprised at what is really out there in the market for trading.
What I don't understand is this: If most of the float is controlled by this group, and nobody is selling, then how will this stock ever return value to you. A stock only moves upward in price if demand is greater than supply. If the only people demanding higher prices are the holders of the float-who's going to give you your pps increase?
Secondary to that issue, the simple fact is that if I (and I can only speak for myself here) has sold last week when pps hit 0.0345, and waited until today to buy back, I could have realized thousands of dollars in profit and still bought back in with a stronger position at a much lower pps. But, I broke my 1st rule of pinksheet stocks and got seduced by the possibility that this stock was going places. As it stands, and I know no-one wants this thought, The so called bashers are more right than wrong here. The stock has dropped almost 50% in less than 2 trading days. Why is that??? One very plausible explanation is that maybe, just maybe, dilution was occurring. If most of the float is held here, then how were 10 million shares and up per day occurring last week????
I don't understand how you can view honest analysis from investors as bashing, but the reality of investing is that if you believe hype and pie in the sky promises, you WILL LOSE MONEY more than you will make it in pink sheet land.
Take your profits when they present themselves, a re-entry position always will be available and you won't lose as much money.
There is no such thing as a bad profit and green always spends
That is my 2 cents and just an honest observation after slogging through 1000's of posts every day here to get snippets of real info and DD.
Thanks for all your research on the company everyone and I hope the PPS rebounds soon
fz
First post ever here :)
I have been in GGGI since my first 3500 share purchase @0.10 in late October and have been increasing steadily at these bargain bin prices. When this one goes, it is going to be a fun ride. With so little float, any buying pressure with some volume and this will really run again.
I too will only add to my position and so far my lowest entry was at 0.065
In for the long haul here-this shell will pay off if you have patience.
fz