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The CEO screwed this one up. Dam- And the 35% dropped price is reflecting his press release about no more dilution. An addition 5 million shares doesn't bold well.
I agree Don. What happen to earnings? Or was it just a one time thing? Well I was looking for a breakout, instead we got a break down. Oh well, welcome to the pink world.
Not a good sign if the CEO said no more dilution and a couple weeks later there are few million extra shares.
Darn, I bought some at .0018. I should have waited.
I just bought more. Looking to add if we dip even further.
Looks like another leg up on the charts.
Cheer up, you may get what you wish for.
Well, MMs just jump my buy order. They didn't fill it. My buy was .012.
I removed my order, after the ask went to .013.
BDRR is ready to pop. MMs aren't filling orders at ask.
MMs aren't filling orders over ask. Hmmm I think we are ready for a run.
PINR is moving up. Ask and Last is at .003.
David, I heard that story before. I'm hoping we can see some news on first quarter Revs.
I'm impressed with the close. We may even open higher Tomorrow. Good Luck everyone.
I Hate time frames. That means if it doesn't happen it will be a negative for the stock price.
80 percent profit is great in one day. I think we are now seeing profit takers and daily traders flipping out of thier position.
It looks like the MMs are trying to walk the price down. (Edit) I guess I was right. They will try to work it down even more.
PINR just release another press release! Very Nice indeed.
Pine Ridge Holdings Projects ServeNation First Year Revenues Could Top $45 Million Market Wire "US Press Releases "
FORT WAYNE, IN -- (MARKET WIRE) -- 05/19/08 -- Pine Ridge Holdings, Inc. (PINKSHEETS: PINR) -- Kevin May, CEO, today announced further details surrounding the previously announced acquisition plans with ServeNation, LLC , an on-line fund raising organization.
"I have had experience in several different industries and markets; however, the opportunity that has presented itself with a company whose value is a multiple of gross revenue is one of the most interesting. ServeNation has perhaps the most unique income vertical that I have ever seen. The terms of the agreement calls for PINR to acquire up to 42% of ServeNation," explained May.
May continued, "Working with non-profits who need to raise funds (and all do), ServeNation has created an ever expanding, personalized 'store' that allows their passionate supporters to make on-line purchases where a percentage of each sale is returned to the non-profit."
"It is a simple concept, but there are several unique parts. ServeNation creates the web portal which is given to non-profits free of charge. This creates a very high close rate for adding clients. Most will put a link on their own websites to drive traffic to 'their' store, typically to purchase gift cards that then can be used for any number of purchases. As the products (currently gift cards) are sold at the same cost as if they were purchased at the retail stores direct, there is no barrier for those using the non-profit's 'store.' In fact, the public can buy the gift cards online with credit cards, earning points as the gift cards are purchased. Supporters can then 'purchase with purpose' moving dollars to their favorite non-profits without spending additional dollars," stated May.
"The religious equivalent to ServeNation (MinistryHome) added nearly 100 stores in six months. Each store attempts to get 60 supporters to spend $250 per month in the store (gas and groceries alone can be much more than that). Using the MinistryHome model, 100 stores would produce $18 million in revenue and more than $67 million in value based on potential gross revenues. To date there are seven independent contractors working for ServeNation and non-religious non-profit organizations are more numerous and larger than religious non-profits. Each new non-profit store and each new customer will add potential future value to PINR as the company will also receive a percentage of all purchases. ServeNation's goal by 12/31/08 is 500 orders per day which would be potentially $45 million in annual revenue and a $171 million valuation if valuations are based on gross revenue. For a more detailed explanation of this program, please visit www.servenation.com," concluded May.
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.
Contact:
Kevin L. May
PINR: Press Release-- More news to come.
Pine Ridge Holdings Announces Merger With On-Line Fund-Raising Organization
11:41a ET May 19, 2008 (Market Wire)
Pine Ridge Holdings, Inc.'s (PINKSHEETS: PINR) CEO, Kevin May, announced today that terms have been agreed upon for the merger with a high growth company -- ServeNation, LLC. ServeNation, LLC is privately held with less than 25 shareholders serving non-profit fund-raising needs.
May stated, "We are thrilled that this door has been opened and we intend to take full advantage of this unique opportunity. To me, the most exciting part of this company is its on-line fund-raising tool."
May continued, "In today's economy the ability to move funds to non-profit organizations without spending new dollars is a powerful thing. In our research, we have not been able to find a similar on-line effort anywhere in the country and believe that we are on the cutting edge of something potentially great. We will be sharing more about the initiative with ServeNation and the valuation estimates in the near future. ServeNation is only the first of many initiatives that I expect to announce. There will be others as soon as we are able to shift attention away from this one. We simply could not let this opportunity slip by, so I moved all of my attention to ServeNation."
ServeNation and its affiliated websites have served non-profits and non-profit workers throughout the world for the past five years. MinistryHome, the original website, was created in 2003 to serve religious non-profits through websites and social communities. It expanded into fund-raising tools in 2007. With the success of these tools, ServeNation was born to assist the non-religious non-profit market. ServeNation provides inexpensive, easy-to-use websites, social communities and fund-raising tools enabling non-profits to keep in contact with their supporters, raise funds and network in ways never before experienced. Since other social networking sites tend to be 'ego-driven,' many non-profits are hesitant to sign up on them. ServeNation offers a safe and purpose-driven alternative, along with some of the most unique fund-raising tools available today. Friends and supporters can keep up with the non-profits they support by receiving automatic updates, and using the fund-raising tools provided. It is a privately held, online social community working exclusively with U.S.-based non-profits.
"Finally, ServeNation.com carries with it all of the advantages of a traditional dot com -- including, most importantly from my perspective, an incredible potential valuation multiple of 3.75 times gross revenues. It would be easy to make comparisons to other high value social communities such as MySpace and Facebook. However, let me clearly communicate that although we do see significant value in the social community and website hosting parts of ServeNation, our research has shown a much greater value in another part of the company, to be discussed in the near future. I do believe that we are on the cutting edge of something great and are excited at how quickly PINR is building its asset and revenue base. For more information about ServeNation please visit www.servenation.com," concluded May.
PINR bid is upto .0026. Over 13 million shares ASK at .0028.
WEHI is now showing buys at .0002. CEO announced buy back and projected a PPS of .20! The press release was released May 15.
PINR News Just Out! Merger with a private company. Volume is popping.
It appears the MMs are trying to walk the price down.
I believe we have.
I told him on the other board to change broker. Trading has been very unusual look for more volume in the final 3 hours.
Maybe you should call your broker and complain about it. There has been buying at .0002. And not just a couple of million of shares. And that's a fact.
WEHI is at the HOD .0003 along with heavy volume 210 million shares.
Keep it at .0002 and you will get your wish.
WEHI flipping between .0002 and .0003. E-Trade still will not take online purchases.
WEHI over 535 million shares. Maybe I should buy some.
Back down to .0002
WEHI-330 million shares and the price is still at .0002. Well it appears the CEO was blowing smoke.
I don't see a bounce but shares are going off at the ask.
WEHI was today's exciting Press release a pump and dump by the company?
Wehi,It's big news but Etrade won't allow you to trade on line. So daily traders aren't buying.
ETRADE isn't accepting internet buys on WEHI. You have to call in.
I see we touched .008 and bounced back in the green. Did we hit bottom?
BDRR volume is over 250% from Friday's close.
BDRR volume is showing signs of life. BDRR posted positive earnings this month. EPS is .009.
BDRR volume is 50% higher than Friday's closed and pps is up too.
BDRR is showing signs of life. Ask is above friday's close.