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If it survives then surely they will try and promote the stock to the level required to do an aggressive reverse at some point. It will depend of course how much stock they put into the hands of promoters as to how freely it trades or if the price trends upward. When they have exhausted the authorized yet again, the choice will be to increase shares and devalue the stock even further or pump- reverse and start over. The track record is a long one of existing as a career vehicle.
You can almost bet the promoters will be out first, but your right short of a delisting the eventual promotional will have to start from somewhere or someone.
Wont say what stock but clearly its been done. It was finally delisted but before the r/s there was a pump so yea long term hold on. Could go either way or both.
Okay if not delisted then my guess is its a case of the company having burned through their billion shares and will do the second thumping of share holders by reversing the stock to create a 5.00 share but your total shares will will be dwindled down in a huge ratio and the selling will begin again taking even more share value with it.
See it all the time with these type of stocks. Has the history been to add value or strip value. If the only ones holding any money are the directors and everyone else lost. Well thats a fools quest..
Looks like this is headed toward delisting. A long history of selling a big bag of nothing.
This is one of those stock plays where they increase the authorized, get promotors to schill the shates into exhaustion, till the price reflects it and theres no interest. Then most likely they reverse after they milk whatever capital they can from shares in triples.
You finally seeing this a stock promoters board? Free shares are always a bargain to sell to new sheep.
Makes it hard for a guy to sell legitimate shares.
They have 2 billion shares to dump. This is no longer a vehicle to even think would get close to a penny ever. They simply exhausted old shares, let it collect dust. Quietly increased authorized and then commenced dumping. I am stuck with mine but it doesnt mean I want to help them dump theirs by putting lipstick on a pig.
These guys up the authorized and bailed out after cashing out. Look for a reverse to offset the 700,000,000 they paid in free trading shares to pay off debt. Any real volume and price hit and watch the feathers fly to dump all those shares to get out.
I still have my 14 million shares ready to dump, let her rip guys...
Out of the thousands of writers, theres nothing to say this tiny little 4 man operation with little to no track record of success or substantial revenue has connections to any big name players in the Casino biz. These guys authorized more shares and obviously paid themselves for the dormant vacation period of time where they were mothballed. Its all buzz and spin, wash rinse out the cas for shares and spin again. As soon as we hit trips, the rehash of potential and hype starts again. Im as wishful as anyone they would make it real but in no hurry to take some stooge bagholders hard erned savings cause he was dumb enough to buy hype.
Guess they pulled a fast one, paying themself a parachute salary from this mothballed company and off they go..
Why would anyone care at $517.00 in total volume on the day. With that much trading manipulation would be easy of course whichever way you paint it.
Must be devising a new way to get people to buy in...How about a good solid profitable report? One with real money earned in amounts that would lead one to believe some debt could be paid off from operations instead of stock..
Must be devising a new way to get people to buy in...How about a good solid profitable report? One with real money earned in amounts that would lead one to believe some debt could be paid off from operations instead of stock..
running hard is sustained. It was over a penny. They issued more shares paraded the price to .0043 which is still a loss for most and commenced selling 20 million shares a day..
Look in the next filing how much of the lengthy list debt holders were converted to paper shares along with any new financing purchased in new shares. New financing is likely the shares being traded as old note holders are stuck with shares that are not easily traded. New financing is going to likely be with brokers with a means of dumping the shares on the market. Like stock promoters..
They are waiting for everyone to forget the selling seige of 20 million shares a day before dumping again..
Nice buy in, but Im afraid they have a lot, and I mean a lot... more shares to sell before we hit bottom.q
bag holder help line please. Company has been selling and issuing tons of shares with no apparent pathway to success. If it had that this stock would not have this price and they would not be schilling shares to pay debt. If a real story and backer was here we would all be out of the woods. Apps happen every day without fanfare and make money. This has yet to loudly or quietly do anything.
Your going to add when the price moves up and the company stops dumping shares?
If everyone knows that, why are we edging to lower lows instead of an upward trend? All the same things are in place. What is the benefit of giving out certificates to pay debt down here versus a higher stock value? If the story is here to support a higher value. Looks more like they will either later authorize 10 billion and really create a new bottom or reverse. A dime sounds great but if the had legit financing they wouldn't be plowing through shares. Legit finance of operations bring a stable price...
On the launch pad, but someone has been depleting our fuel. Plug the hole 4321.....
Anyone want my shares for a .01 price point, you can have them. I was promised they were worth at least that much.
but I dont wanna sound negative, lol, so after they filter these 1.5 billion new shares into the mix, well I dont think they will use every single one, but a good portion. Then my guess is they will do a PR frenzy to get close to a penny. Depending on the outcome IMO they will either reverse if successful or increase authorized again.
So change is coming either way again IMO, lets all commence a positive vibe that will swallow these shares and takes us to copperland and beyond. I am not selling till we get there.
Most likely company is paying notes due and dumping a lot of shares to broker investors who will use those shares and volume to hopefully create a run. The run will be based in that power rather than anything that drives revenue or strengthens the formation of any new or real business plan.
If the story were there to sustain a run they would have unleashed it, benefiting from the higher share value to pay down 30 million in debt at higher share value.
Going from no volume to selling 20-30 million shares in a day often as they were for some time you can bet brokers hatching this plan. Accumulating on the lowering end to sell in waves if if run is instigated.
Luckily the paid back note holders will be stuck unless they have a special relationship with a broker to sell shares at the sub penny price. Most wont take the risk. However brokers funneling investment money will dump, so pick you place to bail.
Oh yea that other ticker I spoke about. I hear the CEO is living in the middle east to avoid some lingering legal issues and lay low a while.
You obviously have not been tracking volume long on this. Add up the volume since the new share authorized. Add up the volume before...
took them years to spend 500 million shares ht thet are stomping through the fresh 1.5 billion at a much faster clip.
because I had shares in the other company and hate to see the same thing happen here..
yea the last company I saw dump shares like this was eventually delisted.
Just saying they could create several more price walls at lower levels depending how many shares they dump on debt pay backs. Agreed flippers will play once it stabilizes. Averaging down is a bag holder poker game. Great for a company selling shares but poor situation for the holder.
Just take it up to .10 on good news and forget the head fake games.
Yes the company issues notes and works with a broker to draw investment interest in the stock. That way when the new shares hit the price does not collapse. In the end there are still a ton of new shares in the water. At some point you hope the interest doesnt wane and broker continues to draw new investors. I the market isnt saturated we move up.
Thats what happens to notes the company issues to creditors. They go to retail and are sold. Come on you think these volume days just suddenly manifest themselves?
heavy selling and yes that means someone will accumulate but these are new shares selling not old accumulation. This is the company diluting.
EOD will tell if there is more buying..
About time company makes a run for share holder value versus a career checking account.Show the news not some rehash of an old supposed gaming writer that to this point has supplied nothing tangible. Right now someone is getting paid for a subsidiary that has no product nor intellectual property, at least that anyone can see.
Well I dont think they sold all 1.5 billion new shares but selling here, they are creating a heck of a wall to get over at .0042 and above. All these .0023 peeps will dump on a double. Company has nothing to lose, their game is either a reverse which would mean creating share value first or riding this spending out till they authorize 5-10 billion before someone catches them and pulls the plug. Happens to regularly..Lets hope Craig has great news coming.
Question is if you have great news wouldn't you PR it out and write your checks in shares at a higher value, thereby saving over all authorized authorized shares? The current tact makes no sense for a company that is really staged for a move up.
funny how it used to move easily...
Just to much selling by the company without news right now...
15 million shares strong still, I can show ya if you want. Us long time holders are kind of stuck, its not just me. Thats why its irritating to see management dump a boatload of newly authorized shares in the market. They had spent the 500 million when they were a penny or higher so its not those share holders dumping here. You think they were buying shares back during the dead period? They didnt ask to buy mine. The sudden surge from years of no volume is in relation to the company getting current on its filings and whoever financed that along with promo and the fact the temptation of ramping up spending after being forced to go cold turkey for a length of time is probably strong. If they havent been working one can surmise they have been cash starved a while. I did sell some shares I purchased at the bottom that allow me to not feel as bad about my larger holdings. Hey just because Im not helping pump the new shares out doesnt mean I dont want it to succeed. I am holding out for 3.00 a share by September on a storyline revenue coming in and in amounts tangible to the debt. All we are doing right now is talking about company having the ability to compliment the making of an app the we have no clue of how it translates to direct revenue. There are thousands of apps that have been brought to the market without a public company. Im just saying if they have something they should start being more specific to draw the audience. MM buying company shares to lock up the float will make them a nice profit and help us play shares if you choose to gamble the flow but longs will definitely be burned by it.
15 million shares strong still, I can show ya if you want. Us long time holders are kind of stuck, its not just me. Thats why its irritating to see management dump a boatload of newly authorized shares in the market. They had spent the 500 million when they were a penny or higher so its not those share holders dumping here. You think they were buying shares back during the dead period? They didnt ask to buy mine. The sudden surge from years of no volume is in relation to the company getting current on its filings and whoever financed that along with promo and the fact the temptation of ramping up spending after being forced to go cold turkey for a length of time is probably strong. If they havent been working one can surmise they have been cash starved a while. I did sell some shares I purchased at the bottom that allow me to not feel as bad about my larger holdings. Hey just because Im not helping pump the new shares out doesnt mean I dont want it to succeed. I am holding out for 3.00 a share by September on a storyline revenue coming in and in amounts tangible to the debt. All we are doing right now is talking about company having the ability to compliment the making of an app the we have no clue of how it translates to direct revenue. There are thousands of apps that have been brought to the market without a public company. Im just saying if they have something they should start being more specific to draw the audience. MM buying company shares to lock up the float will make them a nice profit and help us play shares if you choose to gamble the flow but longs will definitely be burned by it.