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Well, the reality seems to be that something is really happening here, but no one knows about it. Sucking oil out of the ground and selling it should be a no-brainer... everyone understands that. If this company is delivering the goods it will actually generate revenue, which has most OTB issues beat by a mile.
Eventually, the word will get out... quicker if we tell people. The best way to keep the price from eroding and get eyes on the thing is to buy your shares at the ask, though. Too many bid sitters here just letting price deteriorate, which erodes people's interest. If this would level off and create support in the 1 cent range, it would look much better to potential investors and give a higher taking-off point.
They should do a promotion now that there is really something to promote. GRPR could have a great run if more eyes were on it.
Other pennies are trading though.. maybe someone could put in a small market buy that would be easy to fill?
At least it wasn't too huge a number of shares, and we have confirmations that the PRs were not false. Just pumping oil with no drama won't get us anywhere though, so let's hope the word gets out in a big way when the oil starts flowing.
They diluted 14 million shares into the market.
By my count, that big ugly t-trade for 1,865,700 is probably just about the end of those new shares, so the question now is, will we finally get our pop next week?
10:02:32 400@0.0125
11:06:52 400@0.009
12:31:35 100@0.009
-400 Keep trading it sideways.
-100 I need shares.
http://www.hotstockmarket.com/t/59535/market-maker-signals
Shares outstanding went from 222m to 236m, so there are 14 million shares that have to be absorbed. Yesterday was 4 million, and maybe 6 million better hidden on Monday and Tuesday. That leaves 4 million more. How many of the 14 million shares are restricted?
Well, I know where some went... 3-4 million of them went into the float today.
12:35:25 500,000@.008
12:37:10 51,100@.008
12:37:49 1,972,100@.0086
12:41:00 500,000@.008
12:42:21 100,000@.008
Someone sure has a lot of shares to dump at these levels...
Oil prices not looking too good...
http://online.wsj.com/article/SB10001424052702303640104577440122158643792.html?mod=googlenews_wsj
In the $83 range today
It's not the first time this has happened:
http://www.realscam.com/f12/charles-gr-goire-de-rothschild-real-name-aaron-joab-berdah-gdr-priv-e-inc-848/
Oddly enough, this happened before the huge run BIEL had in 2009:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38124170&txt2find=rothschild
The guy sitting the ask trying to dump a million shares seems to have gone or been buried...
Exactly. Charge people who are nobodies who used to work for now-defunct small-time brokerages for something that happened 5 years ago and do nothing for the shareholders they defrauded. Then toot your own horn about actually doing something about the problem. It's all propaganda. The SEC is dirtier than dirt.
Rounding up a bunch of small fish.
Looks like someone is pumping up the price eod... maybe so they can dump another couple million tomorrow at a better price...
It's likely that a lot of people are dumping this for tax purposes, since this is the beginning of December. The fact that this dump is taking place now and not toward month's end, however, might mean that a lot of people are interested in getting back in after the first of the year, since they would need to wait a month due to the wash sale rule. Some smart people sitting on bid right now. Wish I had some funds available, because I'd be one of them.
So why do you suppose the market value of this whole company (at .0007/share) is only $327,061.38? If this makes any sense whatsoever, please enlighten us.
Nice dip to triple ought one there. And I see a million shares waiting on bid at .0002. Someone's getting some cheapies.
So at the moment, with the stock price at $0.0027 and 446,730,547 shares outstanding, the whole company is valued at $1,206,172.48, which is around half the 2010 revenues of $2.250,998, with 2011 revenues significantly higher. Company is on the QB board and keeps its filings pretty much up to date.
So why the hell does no one want to buy this stock???
Faced with the prospect of spending a week with you, if I were him, I probably would have told you a million.
I know who would pay someone to help kill a small company which had millions of counterfeit shares floating around out there, when said company began to show signs that they would force those shares to be covered. The company is where it is because these interests lobbied the SEC to suspend and investigate, thus making the SEC itself a perhaps unwitting party to covering up their fraud. There are serious moneyed interests who would stand to lose a fortune if those shares are forced to be covered, and this remains in the realm of possibility. I think the one hope you have is that the SEC does not listen to us, and this is why you "helpfully caution us" against "bugging" them. How's that?
WTF??? Top of this page...
0.0001 ? -0.0022 (-95.65%)
Volume: 100 @ 2:05:56 AM ET
And one twenty-three cent trade today, at eleven minutes before close, makes this whole company worth half what it was yesterday.
I wonder if anyone cares anymore...
Looks pretty legit to me. I could see how this would be dangerous enough to rattle some agendas.
Honestly, it's laughable that we would be expected to believe that a random person could call E-Trade and that one of their representatives would discuss a client's account with them, much less tell that random person that action was going to be taken against that client. I think most here are highly amused at the presupposition of credibility that would allow such a assertion to be made.
If you think that really proves anything, I have a nice bridge in Brooklyn for sale, cheap!
People in the right places have their ways...
The question in my mind is, does anyone here have a "verifiable, external, reliable link" that proves those Evil Nekkid shorts don't exist? I see many more claims that they don't than those that claim they do...
If more shares were sold then were available then there was some illegal chit going on IMO.
And if they were, EIGH would be on the SHO list.
I still think the problem with this stock is the toxic financing from the convertibles. The lower the price, the more shares those people get when they can convert, so they have some offshore hedge fund short the bejeezus out of this whenever it tries to make a move up. Sadly, the company could be making a billion dollars a year, and still the stock would be stuck like this, until there is no reason for it to be.
Those weren't bulls, they were steers... didn't have the cajones to punch through and confront all that short action. If they had, the shorts might have covered and given this one hell of a pop, but I guess some people just run from a fight.
Yeah? Well I don't believe there is air in the sky or water in the ocean. It's up to you to prove it to me, else it's all just a SCAM!
Even when you do prove it, I will still think it's a scam.
And it matters that I think this... really it does.
Show me any local paper anywhere and I'll show you sloppy journalism.
It's the local paper calling Bryant the CEO. Give it a rest.
That about says it all, Craig.
When they try to sell the Brooklyn Bridge to everyone and his dog, it's bound to bite them in the backside sooner or later.
I bought shares on the greys and it said it was routed through Knight Equity.
Best wishes to you both!
If they were doing their job properly, the stated excuse.. er.. reason would not exist. To them, that's probably one good reason for not doing their job properly.
Although some short squeezes may occur naturally in the market, a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal.
The TA says no, and I think they are restricted for awhile longer so they are not hitting the market now. I do think this gives the holders a motive to short or have someone else short it though, since they get more shares if the stock is at a depressed price point. The number of convertibles is not that great, however.. I doubt it would be worth it to them to short this indefinitely if real buying pressure came.
hmm.. bids are stacking and someone is hitting the ask.
How does one keep these from appearing in FTD reports?
Bluntly put, while I acknowledge the possibility of ulterior motives from any poster, the claims of "paid bashers" or "a large NSS overhang" do not appear to be well taken.
The sole "evidence" appears to be a PR from the company itself, that came from the same people behind the mysterious appearing and disappearing "$40 million cash reserve" and the dividend debacle.
I think ulterior motives are not the exclusive preserve of those who play a stock from the long side.