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Thank you Mosky and Mike. I will be forever grateful for the new SUV I bought through your brilliant tactics. Hope you stashed away enough for years to come. You deserve it for pulling it off and walking away. Pure genius.
I can't believe this board is still around. I remember buying a car with the money I made off this scam.
This board is still here? Wow, it's been years since this scam ended. I made a boatload of money off of this.
I bought 3000 shares at around .90, looks pretty good from here i'd say. Wish I had more funds at the time but i'm just a small timer.
Alright now you guys got me interested, i'll play. 4.06 is the close tomorrow. I'm a long investor in Ram, first bought in at 1.30 and bought all the way down to .70. Sitting pretty tight now, lets see what happens.
Elton you could be absolutely correct. I'm sure there are many companys down at this level that desire to be upgraded and turn a massive profit that the people involved have strived so hard for, only to have those dreams crushed by some unknown outside entity that is allowed to profit by bringing honest up and coming businesses to their knees.
You see, the problem down here is investors are so fast to point the finger at the insiders when things don't go their way that they never look at the big picture or do enough DD to see what actually goes on in the pink sheets and OTC stocks.
Ya, theres pump and dump schemes down here, of course there are.
But does it really matter if its a pump and dump scheme or an unfairly manipulated stock? The outcome is always the same.
Unfortunately the true victims are the people without enough experience to see through the smoke and mirrors and purchase millions of shares of these companies thinking they are going to strike it rich, only to learn the hard way thats not how it works down here.
If you have no clue what you are doing and the excitement of owning millions of shares blinds your perception you will end up being the chum in shark infested waters.
Rocky
I have had money sitting in this stock for over a year folks. Albeit, nothing to write home about but it still sits there. How many of these companys down here actually go on to make it? Its a very small percentage I can assure you.
Between the crooks that run these so-called-companies and the manipulation that takes place by MMs and off-shore hedge funds the odds of anybody getting rich overnight on these plays is slim to none. Sure, people make money daytrading millions of shares everyday, but eventually they get burned to.
The only people that add millions if not billions to there portfolios are the people that have enough capital to manipulate these stocks and are allowed to get away with it by a lax regulatory committee that could care less if you win or lose.
Hell,chances are they are in on it to.
Sad part about it is its our money they are stealing and the folks that are supposed to protect us from that could really care less. This country, economy and financial system would be so much better off if this type of trading in these types of markets were completely dissolved altogether.
Problem with that is it would take a group of honest, caring and dedicated people not pursuaded by greed and the almighty dollar.
And in this country folks they are few and far between.
Rocky
Really? well thats encouraging, I might just throw a few bucks at this after all.
Thanks for the info
Anger, thats a laugh. These hedge funds that short stocks are the biggest manipulators in the market. They'll steal your last penny and spit in your face. Its about time they got burned big, now all they can do is whine about it.
BOOHOOHOO, they don't have a prayer.
Mosky and Mett will have the rest of their lives in prison to think about how they SHOULD have run a string of small pennystock scams, each with an exit hatch - just like LOCH/CEXI did - you let the scam company slowly wither on the vine, keeping bagholder hopes alive, while you slowly exit stage right and hand off the management to "new friends" who buy time with new promises until the relevant statutes of limitations run outt~.
I have never heard it explained any better than this small paragraph about how scams play out in pennyland.
Take a look at SNRS and how Toussard handed the ball off to his buddy Rothman. Toussard played the same exact game as Rothman is playing now with the same exact company with the same exact symbol.
It takes stones and alot of greed to go to the well twice.
X, if one of the stipulations is that Metter resigns doesn't that tell us that the company will go on? If the SEC and DOJ have the intention of dissolving SPNG this would not even be an issue or part of any package deal. I don't understand what all this resigning crap is all about, why don't they just shut it down.
Nothing makes sense over here anymore. If this company is toast then what is Metter resigning from?
There is no real answer, only real opinions. Mine is that some investors believe that this company will survive after the crooks are jailed. IMO investors are putting their faith in the fact that they believe the product has a chance of surviving through all the turmoil.
Now, is this a good reason to be investing in a company? I think you can answer that yourself.
I think the only PR that will make this move is one stating a confirmed deposit from the buyout company. Rothman must realize by now that PRs stating future possibilities are frivolous at this point.
IMO the SP only becomes relevant after this all pans out. I believe what you are saying is that the SP is low because investors are hesitant to purchase due to the fact that theres a high probability that this is a scam, this could be true but it only becomes relevant after it is confirmed to be one.
Unless you are buying or selling at these prices the SP really has no bearing on your investment as there is a potential buyout of the company.
IMO, what the SP sits at right now has absolutely no relevance to our current situation.
You hit the nail on the head when you stated there were to many "ifs". These are all questions that can only be answered with assumptions therefore confirming the risk factor here.
If you hold enough shares that would bring you a satisfactory profit I suggest that you hold here. This is where the greed factor comes in which penny stocks depend on when they are running a scam. I'm not confirming this is one but there are alot of questions that still need to be answered.
I believe this is correct as this would coincide with a phone call that was made to Rothman around the 1st in which he requested that the caller get back in touch with him in 2 weeks.
(assuming the phone call was legit)
Response to my email from Fares
Take it for what its worth.
Date: Mon, 31 May 2010 19:39:48 -0700
From: gfuller1966@yahoo.com
Subject: SNRS
To: faresfadi@hotmail.com
Dear Mr. Fares,
I would like to ask you a question concerning Sunrise Consulting Group. I will be brief so if you could please respond It would be much appreciated.
Is it your intention, following satisfactory due diligence, to purchase the outstanding shares of SNRS at a price of .005 per share?
Thank you very much in advance.
Re: LOI Sunrise Consulting
Dear Sir,
It is definitely our intention to purchase Sunrise Consulting Group, as well
as their subsiduary, United Power Solar, upon satisfactory results of our
due diligence. I apologise for not being able to be more specific, however,
I am sure you can appreciate our need for discretion at this point in time.
Hoping this is to your satisfaction,
Fadi Fare
President
Nourtech s.a.r.l.
I have no idea, i'm taking Rookies word for it. I have no reason to believe this isn't true as his post does not contain anything that I would consider "pump worthy".
If what you say is true then it sounds to me that there is a bit of animosity between XS and Rothman right now.
XS may be frustrated that the share price did not reach what they expected enabling them to dump at a huge profit. That may be the reason XS is putting out bogus PRs and Rothman is not attaching his name to them. Simply put, XS is pissed off and their actions have pissed off Rothman.
In my opinion Rothmans laughter is obviously telling us that the XS PRs are bogus without directly implicating himself to the accusation.
I don't think we are going to see to much complaining here if this doesn't pan out, from the looks of it it's heading in that direction.
For the most part, the investors on this board seem very skeptical to me. Lets not forget that this never reached a pps where investors had to put up a large stake to grab a ton of shares, not to mention the large amount of investors that are riding free shares.
I would imagine the general consenses will be "oh well" if this just fades away, I know thats what my sentiment will be.
Another fact that I would like to point out is, if this is all just a scam, it backfired on the scammers also. You get a much bigger cryout from investors on penny scams when the scammers walk away with a bundle of money and the investors are left holding the bag.
IMO the main reason we are seeing alot of positive posts is that people are hoping to get wealthy overnight, not because they are backing a big stake that they could potentially lose.
IMO thats what we are seeing here.
You know that didn't come out yesterday right?
It looks that way but I haven't been around, to many other plays out there right now. I still have some free shares here from last year in case theres a run but as far as I can see Rothman hasn't taken ownership of the latest releases. Its a smart move by him to do that if this is all BS.
You sneaky devil, you flipped it didn't ya. Keep an eye out for the 0001s girl you may just get what you wish for.
Please elaborate!
So, even if your right why aren't you setting yourself up to flip this man. Don't you know how to play down here? Don't you know there are people who make a living flippin these things?
I'm here to make money, how I make it is a different story.
Youre to wrapped up in the final outcome of this thing when you should be concentrating on what this is going to look like after the second period.
Down here its not over when the fat lady sings, its over when you sell.
Now buy some shares and pump this thing will ya, your throwing a monkey wrench in my strategy.
If he has that much money REY and hes originally from Lebanon and has a ton of real estate there he could have multiple residences in various countries.
He's also advertising that he has an apartment for rent in Lebanon.
Maybe he owns a ton of real estate and he was looking into going solar in all his properties. (Notice "other areas available")
Maybe hes the guy who put in the LOI for the purchase of products worth 20 Mil for his rental properties and thought it would be in his best interest just to buy the entire company.
That makes sense and would explain why this happened so fast.
Maybe thats a private jet hes flying?
The fact that these phone numbers connect is huge!!!!
I'm not sure if its real but from what I understand it was emailed out from XS earlier this evening.
I emailed the potential buyer as soon as this came across the wire.
Its about 8:30a in lebanon right now, I havent heard anything yet.
Rey it came from XS about 3 hours ago
I emailed him 2 hours ago, its 7:30 as of right now in Beirut.
No response as of yet
Thanks man, this is good. I have a feeling we are going to get hit early in the morning with PRs.
When did you get this? I haven't been on all day.
What time?
TIA
Why Europe? Why Taiwan? Why Tunisia? Just once, just one single time I would like to see one of these so called "companies" that say they are "buying out a company" or "accumulating millions of shares" be in Providence RI or Hartford CT or Bangor Me.
Its the same old story down here, over and over and over again.
It never changes.
SPNG is the first penny I ever invested in. In the beginning I defended it vigorously, but as time went by that vigor started to diminish until it finally got to the point where I actually dumped it. I made money though cause I sold at .14 partly because of the dedication of you guys. I consider myself fortunate that I learned so much about penny stock scams and never really took a beating on one, that has to be rare.
I can't imagine how that feels
I'm glad you got a chance to see that post cause it got deleted.
Keep up the good work.
Guru did you read post 17757 ? I'm on the same page with you on this one.
Somethings not right.
I was in this a little while back and got out because I didn't like the way it was trending. I got out in time and my loss was really insignificant.
My point is I like what I am seeing now and am jumping back in. I plan on recouping my small loss and making some nice gains here.
After I posted this someone brought up that they could be accused of insider trading. My response was, "not if they started buying after the PRs were released"
To this response Reymond added the fact that the buying started before the PRs.
My response was to this was "in that case it could be the buyout company gobbling up shares before they made the offer"
Now this is all pure speculation on my part as you well know. My point is that these are possible scenarios.
Thats the ultimate question, if you have read some of my previous posts you will see that I have offered several scenarios of why this could be.
Heres one of them
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50711522
I admit that the PPS should be higher right now other than the fact that a few days ago NITE had the hammer down at .0004 all day. I'm having a tough time believing that the massive amounts of buying are from people wanting to get in on this.