Not bagholden
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Again, who is this guy? They couldnt find anyone better? Sheesh!
Who????
Lol- must we over this again?
There is minimal shorts!! Come on now. Please learn. Steve is lying to you.
The daily short sales information is MEANINGLESS in determining short interest in a stock and is basically an artifact of the trading process by MM when they execute the buy side of a transaction first and that gets reported to the consolidated tape. These short sales are cleared the same day..a few end up as uncompleted trades at the end of the day but are cleared quickly the next trading day.
http://www.otcmarkets.com/stock/PNCH/short-sales
Shorting is almost nothing here. Its called DILUTION!
Apparently the CEO would post here and blatantly lie. Go back and read his posts. Pretty comical actually.
Care to elaborate? Becuase that doesnt make a lot of sense.
The company isnt making a profit. Lets be honest here
Lol- the convo with the company? What did they say?
I have to hear this!!
Remember the ceo himself came on here and lied to everyone saying the shorts are pushing the price down. LMAO!!!
Shorts are just about non existent. We have been over this.
The company has a ton of shares to sell so be ready for more of SUNR,VFIN, VNDM.
All institutional NOT RETAIL.
The company pays off its debt with aged shares. They dont have to report this.
Normally its fine, BUT when they have $244,000 worth still to come. ITS A LOT MORE SHARES TO COME THIS YEAR.
Its to bad the company hides behind the gagged ta.
Ask Stevie what the current float is.
Lol- please stop. ITS NOT ALL RULE 144 stock. dont mistake it. SUNR was selling un-restricted stock into the market.
All those buys and SUNR smiled right back and didnt move.
SUNR is institutional. NOT RETAIL.
Lol-this is getting diluted to nothing.
Reverse split coming here
But you doubted it would go this low. When i was expecting it with a bid ar .01. :)
Yep! Happy i didnt buy in .03-05 range. More dilution to come?
Where is the huge bounce? It seems i have been more right then wrong here honestly. IMO of course. ;)
Ask the CEO. He needs to pay his bills. Notice it was only a 5 million seller. Relatively small.
We will have to keep an eye on SUNR and friends very closely.
Only if the TA wasnt gagged. Then we would know.
Thats your opinion. I feel like we will get closer though. ;)
Only if we knew how many shares were left to sell?
It was SUNR selling his remaining shares for today.
Yep. A good amount diluted today.
Lets remember there is an endless supply for the company to sell, so we should see more of SUNR and friends soon enough.
I would think there cant be that much left too. Guess we will see.
BS? BS is the stock has been getting hammered for awhile!
I just really dont think so. VFIN,CSTI and VNDM are still there. It will be close.
Its close already. You have to admit when i started saying .01 was bottom everyone said it woudlnt come close.
Well, its pretty damn close.
The shares are already registered. Convertibles are used to pay debt.
The problem with these shares are the HUGE discounts that come with them.
Geez! CSTI, VFIN and VNDM!
I doubt it, but its possible. though SUNR could have 5 million shares sitting there by himself.
Lol-well i would be very happy if it went to $.10. I am just trying to catch bottom my friend.
Ill hold you do to that if it ever happens. :)
Maybe your right. Maybe i wont get filled. My whole point is its getting close, very close.
Lol- well you know what. The way the selling is going dont be surprised to get closer and closer. ;)
Guess my .01 is getting closer and closer to a reality.
If we only knew how many shares were left to dilute.
COME ON STEVE. Just stop the dilution for a couple days.
how many shares does SUNR have???????
Lol- you really think the 10k will show "a lot" of revenue?
Thats not true. Restricted shares come off restriction after 6 months for reporting companies.
Yes, maybe the 1% rule would work for rule 144 stock. But the convertibles are not 144's. dont mistake that.
A 300,000 buy and SUNR just stares and still shows the same ask. Wonder how many shares are there???????
Miles here is more facts and why you are seeing dilution now. Restricted shares become non-restricted after 6 months. Not reading tbe below tells us is that ALL THE CONVERTIBLES of the $244,000 can now be sold into the market. Pretty much non-stop dilution.
As of September 30, 2012, PNCH still had $244,253 in convertible debt Notes on the books.
If $97,500 turned into 350,445,504 shares then how many shares do you think $244,253 in convertible debt will turn into especially considering how much of a discount below the market price the debt Note holders get their shares?
They calculate the price on the average 5 day bid price at close minus 50-60%.
Yikes! Thats a lot of shares. OH didnt the AS just go up to 4 billion ?
Just facts. ;)
LMAO- that is 100% incorrect and why little Stevie wants his investors to think. Again, the filings show there is dilution.
The market makers on the ask VFIN, SUNR, VNDM are what they use to sell shares from convertibles.
Notice they all hide there asks and dont move after getting hit with buys?
DONT MISTAKE THIS. ITS 100% DOCUMENTED DILUTION. ALL PER THE FILINGS.
Miles, the truth is Its disturbing how many shares have to hit the market this year, per the filings. ;)
Oh, wheres the 10k?
Huh? Dilution is what is on the ask right now and dilution is what destroyed the price from the last pump and then the dump.
We know its not shorting.
Dilution has to happen. Its what the toxic debt deals are made from.
We are seeing proof once again today. How many shares does SUNR have on the ask? ;)
Oh why dont you just ask the TA. OH, thats right its gagged. LMAO
You think? Possibly, but SUNR hasnt moved and only stevie knows how many shares are there.
SUNR could have 10, 20,50 or more million shares sitting there to sell. The problem is we have no idea because the stupid CEO gags the TA.
Gagging a ta is a way to try and hide dilution. Plain and simple.
Nope, but according to Steve it was a little edgar issue holding the 10k back.