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Well there is no RS, no revenues, no fluff PRs, no Bid, no ASK...this is just dead money...i expect the company to close up shop any day now...
Shareholders here are smarter than the average OTC folks. They did not fall for the 5K trap and bought on dip to bring it right in anticipation of more good news. I just wish the CEO had not hung the RS shingle out with no certainty....man that was BONE headed...if you r going to RS then RS damnit!
I said this was going to test the all time low...looks like we are headed in that direction...IMHO
Well...the spider could not attract any flies to the web so he closed shop...ha...imho
Amazing...5K shs makes pps jump 12.5%...i wonder why there is no follow-up...is it a trap?
Yep...the made it appear as if revenues were imminent...but i don't think it has any...
Still Dead!
Below is the wording from the 8K...#4...the poison is the words "at its discretion"...the board put no date certain on the RS...the propsect is just HANGING there...the PPS is DEAD ON ARRIVAL until this has a date certain and is DONE...how DUMB can mgmt be to just hang that out there...damn!
The proposal to authorize the Company’s Board of Directors to implement a reverse split of the Company’s outstanding Common Stock, at its discretion, in a ratio ranging from 40:1 to 60:1, was approved.
The number of votes cast with respect to this matter was as follows:
FOR
197,457,326
AGAINST
42,433,755
ABSTAIN
69,762
There were no broker held non-voted shares represented at the Meeting with respect to this matter.
Still a POS
It won't happen until the RS is resolved. This stock is now poison. The only thing that will generate any volume is stellar earnings in the quarter which will be shortlived due to the unresolved RS hangover. DD or not RSs always poison stocks. Best to get it over with soon.
The hold up to $1 land IMHO is the RS THREAT that has been planted in potential investors minds. Now that it is out there in print the move $1 land will be a a very SLOW crawl... everyone with one finger on the sell button as soon as any whiff of the RS is on the wind...
putz posters!
So Born...you just confirmed the RS. THose do not serve OTC companies well nor the shareholders. How extreme will the RS be...50 to 1 perhaps. As long as this lingers the PPS is doomed. Volume will cease and the PPS is headed DOWN....as i said to test the all time low...of $.004 and maybe lower... If it does i agree its a screaming buy...IMHO...but most will flee and it will be sometime before they return no matter what the results...and pps will remain stagnant....
I agree. I am raising cash to try and catch the bottom. You don't find profitable companies at this level very often. THe prospect of an RS is what is killing the PPS.
Looks like this will test the all time low of $.004.
Born...i can't do PMs but thanks...
I have bad more good luck than bad luck with pinks and otc stocks but it is frustrating to see a good stock get pummeled by "exchange thieves"...my own term...
The recently passed bill relaxing the requirements for small businesses to raise investmnent capital using the internet is going to make the pink sheets / otc exchanges a MORE dangerous place but with danger comes opportunity for those dare.
I agree....it has no revenue at all...
Well OTC then geez....
By "these markets" you mean the PINK SHEETS?
Agree,,,,but the markets seem to be a little dysfunctional now...a little crazy...everybody is scared still...
yes....IMHO
So these guys have NOTHING going for them....not a cent of revenue comeing in...so why don't they just liquidate...this is a scam!
But still unaudited... correct?
Is this going lower?
So now the company needs to make a definitive statement as to whether they are planning a RS
Can u say dysfunction markets...yahoo finance posters are calling this a scam...i don't think so...
Share Printing Machines don't have audited F/S's and don't outline the debt obligations in nauseating detail so that all investors can see the entire picture. They have some debt challenges...but if cash flow continues to improve the dilution will not be necessary.
It s hard when P&D like SNPK has a PPS target of $8 with no revenue at all and here we have a profitable company it can't get off the ground...the population in america has lost its mind...
In the 12/31/2011 F/S there is a long list on individual debt instruments that are convertible ($1.1M). But if cash flow keeps climbing debt could be eliminated rather than converted easily...the dilution we are all fearing could be managed. IMHO...the future is bright.
Cargo...in your scenario were any of those penny stocks profitable with positive cash flow?
What is the anticipated ratio of the RS?
Dysfunctional = ....thieves constantly posting nonsense and all fall for it...sell and the thieves buy back in and wait for the next trick which probably is this RS headfake...geez...
Whe can we expect the next news release...end of 2nd Qtr maybe?
Irrational reaction...dilution is NEVER announced. When you hear of it the shares have already hit the street 3 months before...
I did. I am just railing aginst the nature of the beast in the pinkland. I was not surprised to see the dump! I am buying more when cash frees up from some other winners i sold !
Nah...think i will hang around. If the trend continues this should be $3 to $5 in a year or so...
No worries mate! I have prowled the pinks for a long time and made a lot of money. Seen this 1,000's of times. The reaction to the "false" post is irritional. Why would they issue 3B shs when they have $800K in the bank and are cash flow positive and profitable...
We should bounce right back. Too bad i cannot take advantage of the low pps right now....
Agreed...that is what you have to do in pink land or get eaten...predators abound....
ABSOLUTELY...the fundmentals all scream it but we are on the pink sheets...where irrationality and thievry rule...
It was NOT me who dumped....
If the company wants to get away from this insanity it must uplist...investors are cannon fauder for the pink traders