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Kind of seems that way, doesn't it?
Wish I had been wrong when I said a r/s is the last death call for pinks.Now it's back to where it was at that time but all our accounts are worth 20 times less. I check in here once in a while and wonder how so many manage to keep saying this is ready to jump.
It got to .02? I should have set a buy because I think I would have sold and got out at that price. Last I had looked it was .005.
I read some of the projections and statements above describing BUNM and got excited that maybe things were going to start moving. Then I saw they were written in 2008. hahaha Seriously. Another pink failure for me. Fortunately I stopped investing in them a couple years back and was hoping at least one would help recover some of the losses. Won't be this one.
That's how the companies spin it. But now to make the profits you hoped for when you invested the stock needs to explode. Instead what happens after a r/s is the stock tends to drop in price and many times gets back to it's original level - in this case - .0001 a share. I'm telling you that from experience. I got into pinks a long time ago and it was the worst investing decision I ever made and won't do it again. I hoped this one would be the exception but it's not. Point being - 400,000 shares at 10 cents would have meant $40,000. Now 4000 shares at 10 cents means $400. See my point?
I'm sorry but if you buy stock in a company, no matter how much, a company should not be able to take shares away from you and that is exactly what happens. A r/s sends out a red flag to investors and it becomes seriously hard for it to recover.
I don't know if I explained it properly but I'll leave now because I don't want to continue to be negative. I just posted my original post to get it off my chest. I bought way back when because of Servnation so been hanging in ever since.
Wow. I walked away to wait - trusting Mark when he said no R/S. So I see the pricing and got excited until I went into my portfolio and saw he did a reverse split. I don't even want to hear how the amount is the same because once that happens, you lose your chance to make solid money. I got out of pinks a year ago but let this one ride because I thought it might be different.
Never again! 400,000 shares down to 4,000. Sorry if I sound disgruntled but it's happened over and over again. And not one time has a r/s ever amounted to anything.
Personally I would feel better if he was not using 2 different companies - ADCS and MIKP - and could focus on 1. It would be a shame for those of us who have been with this stock since way back when (many because of Servation) to watch the one go up and MIKP linger.
Yep - Coulda bought ADCS but I have lost in penny stocks and am just hoping the ones I have now someday become profitable. Not buying into the hype anymore. Servnation was my reason for buying this way back then and I understand Mike had nothing to do with that but . . . . .
It's possible but when I hear r/s I run and hide. Time will tell but r/s is the reason I don't do these pinks and penny's anymore. Unfortunately when pricing drops so low there is no way to get out so you just sit and wait and hope it gets to a point where you can recover at least some of the investment.
I have been through about 5 r/s stocks so far. Every single one of them tanked afterwards. An r/s is a kiss of death so I hope one doesn't happen here.
I am willing to bet almost everyone playing these pinks have about the same track method. Don't beat yourself up. I am watching the few I have left but have switched away from purchasing any more pinks.
You spelled it out very good. And you are correct. A R/S is the kiss of death. Been there and do not want to go there again. Very disappointed to hear it is going to happen here.
Thank you. Basically it sounds like we are again being jerked around about Servnation. That really was THE reason I originally purchased it way back when. But I don't intend to follow any other pipe dreams here. Just doesn't make sense to me. I'll hang onto MIKP and see what happens.
I must have missed this ADCS stuff. I'm lost here but I don't like the idea of a 2nd investment in something run by the same person when the first hasn't taken off. Not complaining but just giving my thoughts.
I was one of the ones who used to come here and tell people to beware as I too got hit in the 2 r/s's. I feel bad for some of them but there is one poster who laughed, called me bitter, and said your money wasn't lost; we have it now. Wish I could remember that person's name.
I have 3 shares left out of the 300,000 I bought - hahaha - so once in awhile drop by here to see what people are saying now.
I just read Mark's reply. Personally I have no problem waiting for a company to become profitable if it looks like there is a solid effort being made. His response sounds like there is and for me, his talk of not wanting or foreseeing a r/s means a lot. No promises but it really doesn't sound like this is the way he wants to go.
Now results speak louder than words but that was my major concern so I think I'll sit back for now and see what happens.
One thing I can say though. A couple of the pinks I lost money with through r/s or bankruptcy or illegal means (a well known so called sports celebrity) - there was never responses of any kind from anyone in the company. I do appreciate Mark taking time to respond.
I have to agree with you Captain Jim. I have stopped playing pennies because of reverse splits but have no choice but to hold on to what I have right now due to low price. I had one stock where 300,000 shares reverse split twice and left me 3 shares. 3 SHARES! Have watched 5 pennies I owned r/s and not one is profitable and some have bankrupted.
Anyone saying a r/s is a good thing is wrong. We buy all these shares for a chance to make money and the company puts the screws to you and takes them away. He should just play it out and keep his stockholders in mind.
I agree. The news mentioned is good news but we need more to get too excited. I'm not complaining or anything but just being realistic. I'll continue to hold my shares and wait but have no desire to add to them at this time.
All you get is a standard reply basically saying you will never know anything. I had the same with that jerkoff Rudy and his company. Shareholders lost shares and no one is there to help and it is going to be the same with this one.
Let me think. $.0001 and no action at all. Not sure what could be worse.
Well - I had Rudy's stock and he scammed everyone so at least that hasn't happened here yet - YET.
I check in here about once a month and every time someone is saying it's getting ready to hit. I mean seriously!
I was one who had originally saw 500,000 shares in this company taken down to 3 shares after 2 or 3 reverse splits and had warned others here. I was rewarded by one person saying I never really lost my money - the company was simply using it to make him and others money.
For that poster - you got what you deserve. For the rest - hate to see this again. But numerous posters that were trying to say watch out - well companies like this do not change.
They should change the name of this stock to Burned Stockholders. Whatever happened to that one guy who was always complaining when someone posted negative comments?
I guess I can mark this investment down and set it with the terrible investments I have made in the past. This sounded so good. I think I am done with penny stocks!
Personally I think receiving a response like that is wrong. Had I seen that response before I bought this stock, I would not have bought it. But like the others here, I am hanging on to see if anything good happens.
I just got hit with another r/s with a company I felt would never do that. I twittered it. Tired of these companies who treat stock holders that way. If these guys cancel the r/s it will make me feel they care about us but, judging from your reply, it doesn't appear they do.
Sorry to those defending the response. i don't care how stressed you are, you don't talk to share holders that way. Never!
Kermit - That makes a lot of sense. PINR has to have left a lot of people with a bad taste in their mouths (I'm still rinsing) so change the symbol and then push it. Move this company as far away from the other fiasco as possible.
Doubtful. Very doubtful. An investor would have to have a screw loose to buy stock right now in a pinky looking to do a r/s. It's the kiss of death.
I'm holding too. I agree that being this is a pink sheet, the chances for making a lot of money are probably slim, but I don't know. I want to ride with this and see if we can all make some serious money sometime in the future.
I tend to agree with you on that. It's why I made the plunge into this just last week and I have full intentions of riding this on it's way up.
Cool! I just bought shares yesterday because it seems this has great potential - hypster.com. Then I just saw the lyrics site. I have wanted to know the words to Louie Louie for years. What a cool site. I would think there would be potential to sell advertising on this site?
It's appreciated too. However, in reality I doubt it will happen. People with money and celebrity seem to have a way of avoiding prison. But one can always hope.
I find it hard to believe anyone is still posting about this piece of crap. Sounds like Lou still has his love affair going with Rudy. Let's see. I now have 1 lonely share in this company after they took away all the others - forcing me to remember I believed in this guy.
Rudy is a piece of crap and Lou and anybody else who wants to defend the guy can go talk to the wall because I doubt there are many people who invested in this company thinking any different. 20,000 shares - bought at higher prices - not the .0001 that was floating around - slashed to 1 share from this crook.
If I ever see his drink being sold around here, I will do my best to get out the word not to buy the stuff. I have twittered about him and will do so again. The guy should be in jail.
I have felt this company should go somewhere for a long time now but have to admit I lost a lot of faith. Was shocked to look at my chart today. Hope this is ready to move.
Against my better judgment I just bought in. It just sounds like the potential for this to go big is there but the problem I had was there was no substantial substance to make me feel good about it. But I could see this being bought out in the future.
Anyway - I'm in now so go ahead and start the run. hahaha
I said my last post was my last one but I just read yours. Excellent advice!!!!!
I'm guessing you never read any investing advice from the big guys who actually make money with stocks. I guarantee you not one of them is investing in this company. Your statement doesn't make much sense. I felt the same way when I first bought into this jerks scheme, but learned my lesson well enough not to do so again.
That's fine if you want to play it that way. You may be one of in the future who feel the same way after being scammed, but maybe you can make a few bucks profit along the way. People with a history here are simply giving you warnings. Seeing green at the moment is great. How about a few months from now, maybe even a few weeks.
I fell into this same thing with Rudy Nutrition as well, thinking Rudy had a name. Stock started climbing - I bought more - stock started declining. Now it is worthless (the 1 share I have left - lol)
I won't post here again. Will just visit now and again to see what people are saying. Good luck!
Outstanding! You know there will be some profit taking so I would expect this to slow down but this is absolutely encouraging. It's even more encouraging because they have not announced who will be in the concerts yet.
Hahahahaha - So is that supposed to make me and the others who were duped feel better?!
I agree with you but the problem is too many want to believe what they want to believe. I was reverse split from 500,000 shares down to 3 last year with this company. Why no one thinks what you are saying is relevant news, I don't know.
To my way of thinking, if I was considering investing in this company, or any company for that matter, I would want to know facts like these and then could make my own decision. Too many people read these boards and invest because a few people post they feel this is a great investment.
Read all the facts everyone and then make up your own mind. But investing blindly makes no sense whatsoever. Coming down on somebody because they are merely pointing out what the company has done in the past is ridiculous. Why would you not want to know that?
A reverse split is a reverse split by any other name. They can sugar coat it all they want. It turns off many investors, as well it should. It has wiped out many investors in the past. To me, it simply means the company has no regard for the smaller investor.
If you buy shares they should not be able to take them away from you. Period!