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I say we will see a press release before the Market open.
Up from here! LOL
Yep, A little dip before the run.
4 days in a row we had green. A little red before the BIG run up will be a major plus.
I feel a little different about the chart. If you're in for a few months, this pull back is ok. And tomorrow the chart will even look better.
Why? We have two press releases in the horizon. A pull back is healthy.
Yeah, I guess so.
WEHI is showing signs of life. ASK is at .0002.
Retracement is healthy.
Penny, I think we will hit .0018 first... then test the 30 day intraday high of 0038.
I agree with you 110%. We have two more press releases this week. My hunch they will be better than yesterday's.
Volume has dried up. Quiet before the storm?
How hold is it? TIA
News on their website:
Update: Our efforts to get oil properties have yielded invitations to participate in a couple major properties. We are floating a partnership investment vehicle to fund these. No float of common stock will occur, this is a non-dilutive funding initiative.
The accountant for the receiver in the Sunray case tells us that the final distribution motion should be submitted to the court in the next couple weeks.
Looking to close at .0008 with 55 million shares.
No one is selling. We have a solid foundation. 53 million and still at the HOD.
Fantastic News Just out on PINR! Pine Ridge Holdings -- ServeNation Goals Surpassed and Increased
3:14p ET August 4, 2008 (Market Wire)
Pine Ridge Holdings, Inc. (PINKSHEETS: PINR) CEO Kevin May announced today the early goals for ServeNation have been surpassed and increased.
May stated, "As our shareholders know, ServeNation became a unique opportunity for Pine Ridge Holdings. It contains a great business model, a win-win as it relates to social responsibility and what seems like unlimited growth potential. The current state of dot com models is such that the valuation for a revenue generating dot com like ServeNation is 3.75 times gross revenue. The decision was made to abandon a long-term strategy and to create a very specific and aggressive plan to build ServeNation through the holiday season. Then, using a skilled merger and acquisition firm, put the company up for sale. I have stated in the past and continue to state that part of the proceeds from the sale of ServeNation will be distributed in the form of a dividend and part used in the acquisition of additional high growth holdings. The math isn't hard. $15,000 a day in gift card sales puts ServeNation's value at $20 million.
"Andrew Maley was hired as Vice President of Sales and Marketing for ServeNation to aggressively pursue the three parts of the strategy to get us there -- 1) by October 1, hire 15 independent contractors across the country to build the number of gift card stores and then assist functioning stores with sales. The count as of today is 14 with others being interviewed. This goal will easily be surpassed in August. 2) Aid in the creation of 500 gift card stores by November 1 -- the beginning of the holiday buying season. Gift cards sales totaled $26 billion during the holiday season of 2007 and it is estimated that 500 active gift card stores will generate more than 100 orders per day. As of today, more than 650 stores have been created and I am revising the goal to 1,000 by November 1. 3) Aid in the education of consumers using the store. Having a store isn't enough; consumers must buy from it. ServeNation continues to work on tools to aid the non-profit entities however; Andrew has started work on our most exciting addition. Scripts are being written for video presentations that will be found on the ServeNation site. By September 15, anyone either wanting a store or wanting to promote their store will have video support by simply going to www.servenation.com. The education part of the strategy will be completed 45 days ahead of schedule and include powerful tools to help buyers."
May continued, "The reaching of the three parts of our strategy 45+ days ahead of schedule and the need to double the total store goal shows the strength of where we are headed. To be more specific about the sale of ServeNation, we are already in close contact with the firm that we will use for the sale. Once we are able to release news on that front we will. We do want all of the holiday season sales on the books to increase the value as much as possible. Work has already begun to facilitate the sale when it is the right time."
May concluded, "As we get closer to placing ServeNation on the market, we will release all information that we can, knowing that some confidentiality agreements and non-disclosures are already in place. Those who have done due diligence on ServeNation know that what we have is unique and the uniqueness is part of our value. In the spirit of openness, I will share just one of the types of strategies we are using behind the scenes... non-profit boards tend to be composed of successful business owners. These owners, once they fully understand what can be done with gift cards, become huge customers for the non-profit gift store. Law firms can buy all of their paper using Office Depot cards. Construction companies can use Lowe's or Home Depot cards. And in perhaps our most exciting recent negotiation, trucking companies can use our gas cards. A regional trucking company can buy more than $300,000 in gas per month."
Shareholders are encouraged to visit http://www.pineridgeholdings.com for informational updates.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
50 million shares and still climbing. HOD!
We are not stuck. The pps and volume has increased the past 4 trading days.
I don't. The price and volume is increasing at a nice steady pace.
I think we will see more volume today. The other hot stock is falling today.
Keep an eye on PINR. Showing signs of a breakout.
I stumbled upon this http://www.servenation.com/cards/3230. VERY INTERESTING.
Wow 478 million shares and the ask is at .0001. Hmmm share dilution.
Nice Find...Thanks for sharing Alabama
I think we should see moneys coming in from that other company which is leading the message board.
PINR-Making a move big chunks at the ask.
Good read in May..CEO Open Letter to shareholders
Posted by: Born to make money Date: Thursday, July 31, 2008 11:58:26 AM
In reply to: z_deville who wrote msg# 11367 Post # of 11368
I've been with Pinr since May too.Listed Below is The CEO letter to Shareholders which impressed me.
Pine Ridge Holdings, Inc Open Letter From the CEO
Pine Ridge Holdings, Inc (PINKSHEETS: PINR) CEO Kevin May, writes:
This week Pine Ridge Holdings began trading under its new symbol and structure. As with all things new, questions and issues come up. At the end of this first week I would like to publicly share my business philosophy, goals for PINR and some next steps.
I won't take up space discussing my bio or past business ventures as that is available to all. I will state that for the past twenty years I have been associated with a variety of start ups and new ventures -- all with the intent to either sell for a nice profit -- or to make profitable as quickly as possible with the intent to increase value. To date, those ventures have been successful and my intent with PINR is no less.
For 5 years I have put a considerable amount of my own funds into starting Pine Ridge Racquet and Fitness Club. It is a state of the art facility that I am very proud of and has grown in size each year. Today we have 35 employees and more than 1600 members. It has been exciting watching it move from idea to viable business.
As I looked at the other ventures that I was involved in and my growing network, I knew that I wanted to be more than the owner of a tennis and fitness club. As I learned more about pink sheets, I saw that it would provide a good launching pad in the publicly traded world to begin drawing in all of these other ideas. Thus, Pine Ridge Holdings was formed -- with the racquet and tennis clubs being the first acquisition.
At the risk of offending other pink sheet companies (because I know that many are legitimate growing ventures), my goal was to take a first step in the public sector and grow naturally. As I have shared, Brian Kistler, also of Fort Wayne has helped me in this process as well as helped other local companies.
Although companies truly are all about the shareholders, my goal is not to throw press releases at every turn just to affect share price. Communication is important, however and I will regularly update the shareholders with the progress of the company.
I'll end by letting everyone know that we do have our eyes on a variety of new acquisitions. I have a great team in place growing the racquet and fitness business so I can turn my efforts to my own network and review which companies or parts of companies we may want to acquire. This is why Pine Ridge Holdings was created.
These are exciting days and I hope that as shareholders you are as excited as I am. I'll keep all posted each step of the way and look forward to our mutual future success.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Kevin L. May
CEO
Pine Ridge Holdings
260-637-1551
I've been with Pinr since May too.Listed Below is The CEO letter to Shareholders which impressed me.
Pine Ridge Holdings, Inc Open Letter From the CEO
Pine Ridge Holdings, Inc (PINKSHEETS: PINR) CEO Kevin May, writes:
This week Pine Ridge Holdings began trading under its new symbol and structure. As with all things new, questions and issues come up. At the end of this first week I would like to publicly share my business philosophy, goals for PINR and some next steps.
I won't take up space discussing my bio or past business ventures as that is available to all. I will state that for the past twenty years I have been associated with a variety of start ups and new ventures -- all with the intent to either sell for a nice profit -- or to make profitable as quickly as possible with the intent to increase value. To date, those ventures have been successful and my intent with PINR is no less.
For 5 years I have put a considerable amount of my own funds into starting Pine Ridge Racquet and Fitness Club. It is a state of the art facility that I am very proud of and has grown in size each year. Today we have 35 employees and more than 1600 members. It has been exciting watching it move from idea to viable business.
As I looked at the other ventures that I was involved in and my growing network, I knew that I wanted to be more than the owner of a tennis and fitness club. As I learned more about pink sheets, I saw that it would provide a good launching pad in the publicly traded world to begin drawing in all of these other ideas. Thus, Pine Ridge Holdings was formed -- with the racquet and tennis clubs being the first acquisition.
At the risk of offending other pink sheet companies (because I know that many are legitimate growing ventures), my goal was to take a first step in the public sector and grow naturally. As I have shared, Brian Kistler, also of Fort Wayne has helped me in this process as well as helped other local companies.
Although companies truly are all about the shareholders, my goal is not to throw press releases at every turn just to affect share price. Communication is important, however and I will regularly update the shareholders with the progress of the company.
I'll end by letting everyone know that we do have our eyes on a variety of new acquisitions. I have a great team in place growing the racquet and fitness business so I can turn my efforts to my own network and review which companies or parts of companies we may want to acquire. This is why Pine Ridge Holdings was created.
These are exciting days and I hope that as shareholders you are as excited as I am. I'll keep all posted each step of the way and look forward to our mutual future success.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Kevin L. May
CEO
Pine Ridge Holdings
260-637-1551
Looks very Nice. PINR Volume and PPS has been climbing steadily the past two to three days.
I was away from my desk this morning. Glad to see we are hitting the ask at .0006!
Same here, I own only 4 million shares
Nah it was a mistake. It was buy/sell at .00005. Mike suckered more traders. "After buyback ,stock should be should be worth .20!" MY @ss!
PINR ... Watch the close. Up tick and Second Top message board on IHUB>
I would love to pick some off at .0004. We are second on the IHUB message boards. The final Ten Minutes should be interesting.
Actually I'm hoping we do stay at .0004. I will have money in my account tomorrow. BTW Volume is 60% higher than yesterday! IMO, very good sign.
PINR is popping! 9.5 million traded so far, yesterday 14 million for the whole day.
No offense but didn't Mike say he expects the price after the buyback to hit .20 a share?
Wow 5.6 billion shares. Whatever happen to 1.5 billion buyback which will reduce the AS to 500 million?
PINR is showing some strength this morning.
Hello Penny, looks like PINR is in the top 3 on IHUB message boards.
Finally we hit .0005. Now we need a nice steady climb to .005.