Working on the big PENSKE project
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I copied this from their website.
Acquiring or staking anomalous gold properties that meet our geological and economic criteria;
Developing these properties through advanced mapping, various geological surveying, sampling, drilling, financing, and feasibility studies;
Developing "next stage" properties through joint ventures, option/lease agreements, mergers and acquisitions.
Potential royalty and or NSR agreements.
According to their PR's they acquired the property, surveyed the land and took a sample drill. The "next stage" is what we are waiting for. Is it possible we are experiencing a delay because we are waiting for a joint venture, merger, lease agreement to be made with brownstone? Maybe they don't actually do the real drilling and setup agreements to collect the royalties.
If they "move on to another project" is there the slightest chance that they keep the same name and no reverse split?
Or is that pretty much a mandatory thing now that it flatlined.
Good time for day traders to get in. Safe to bet the stock will go up between right now and into tomorrow.
Can anyone tell me what the last PR means where it says withdrawel from registration?
I came into this blind as a bat in September 2009. Second subpenny stock I ever bought.
I was at least hoping they would fluff us with PR. They aren't even doing that. I think most are educated enough to stay clear of this under its current name and symbol. I will be stuck here until the reverse split name change :(
The fact that they turned into a music company for a short few months and then back to a gold mining company should be a huge red flag!!!
Let's say that they post PR about how the show was a huge success. What does that really mean for PPS? I do not think the two are related.
Once the show is done, then what? This show does not change future projections of the company performance. Are you guys looking for just a quick flip from 0.0003 to 0.0004 or 5?
If this show provides any movement, it is going to be very small and very quick.
Everyone getting excited about the dividend shares coming?!?!?! Anyone planning early retirement in here :)
Now that it has flatlined at 0.0001 my guess is we'll get a good PR just after the reverse split. This way they can get some new investors at the higher PPS.
Still not sure if they will keep their name. It is about that time they change it again. Any good suggestions on what their new name should be? :)
I can't believe I was trying to figure out if they were going to release their results around thanksgiving time or the beginning of December....Approaching February now.
Those were reverse splits. People lost out big on those moves.
You got balls. We'll see
They both seem like a lost cause. I put 50 in both.
A big enough run to compensate the massive losses already taken? Or did you just buy in?
30 million, thats not joke. I hope we get some movement...
I'll by 27 shares off you....it's a start.
Whatever happened to the supposed buyer LVLV? Their symbol stopped trading.
Why was it turned down anyways? Was it because of the preferred share holders? Why would the board approve a buyout against the preferred share holders?
Probably typing to myself in here, but unusual activity with this stock today......wondering if there is some upcoming PR....
I'm wondering at this rate, if the anouncement of the launch will get it up to a penny again......
No one can change their attitude that fast.
This is looking ugly. It is unfortunate that the longs will be the losers. Back to triple 0's. All those that buy now will have far more shares than those that held. We now need to pray for massive PR just to get us back to even.
Nothing positive comes from a R/S. Believers should have sold ASAP and wait until it returns back to 0.0001 or something close to it and buy back in. I am not even sure if we had the option to sell. Sounds like some of you were finally able to get out yesterday and today.
My investment is too small, that I would lose it all just on the commission rates for the transaction.
I guess we got our funny man back.
I guess we got our funny man back.
I'm down almost 90% on evfn. That is what I will watch and learn here shortly.
I put 50 bucks in both evfl and wlsi as a test and sure enough, they both reverse split.
Both tanking fast!!! I'm going to let these ride out because they are too small to trade, but they will probably be less than a dollar soon enough.
Once it hits 000s again the new investors that come in may stand a chance at profit, unless they go for another R/S. Those that hold long do not reap the benefits, its those who bought at the last second before the good news that will.
Somebody say something positive in here. It is too quite :)
We barely made it to a penny just before their first expected launch date. There is no way this subpenny is going to .25 in first 2 weeks of the launch date.
I pray we get there in a year, but who knows what is going to happen. It could tank for all I know.
He's right because the market is probably closed due to the holiday. That is why he is betting money.
I can't see it "flying" until announcement of launch in my opinion.
Pre orders are already being taken. They have to be pretty darn close to finish if the launch is expected first quarter and orders are being taken.
They wouldn't go to the trade show with nothing.
That will be the first spam email I'll be pumped about :)
Most effective advertising would be to get some national commercials out there, but maybe they are too small for that.
I put a sell order in for 0.025 as a test and the order was accepted.
What makes you think you can't trade them. I have the new symbol and the correct share count...
My investment is small enough to gamble. I am holding too. I am surprised there are buys coming in.
So what do you guys think? Sell now and cap your loss, or extreme gamble and ride it out???
Option is to sell now, and buy back in after you think it hits the new bottom too.....
Log onto your stock broker page. If the new symbol is there you'll see that price has dropped to 0.0035.
Last I checked it went from 0.0035 to 0.0045 but that was 20 minutes ago. I don't want to stress and look where it's at now.
All those that think reverse splits can be positive are in extreme denial. I only had 50 bucks in here because I was worried this would happen.
Stock is tanking fast. No surprise.
This idea most likely would not work because the broker will take the purchase order of 0.0003 and see that the ask is for only 0.0002 and fill it at the lower cost.
So orders sent for 0.0005 will probably get filled at whatever the correct asking price is.
Thanks for the input. Just discussing theory and what if scenarios. I do not have any ARIO shares to even try that experiment.
I figured there was something with the bid and asking price that would prevent that idea from working.
I'm too chicken to do it...just wondering if in theory it could work.
I'm not sure if a few small investments would even change the bid ask price. Not sure how those are determined, but I have a feeling they wouldn't change.
in subpenny land there will always be winners and losers. When you sell out, someone is left holding your shares.
Is is possible that you investors can set your own momentum on this stock?
This is just a theory that I have never tested and am not sure if it would even work.
Lets say you get a group of 3 or 4 investors together to place some small trades (say 1000 some odd share purchases). One would buy at 0.0002, then another at 0.0003 and then some more at 0.0004 and maybe another back at 0.0003 then go to 0.0005.
The number of shares would only cost a dollar since we are in sub penny land and if you have a cheap broker like zecco you would just have to pay the 4.50 trade fee.
Once naive investors see this price start to jump around they buy in trying to ride the wave. You set your principle investment at a sell of 0.0002 and see if you can get your money out once the volume starts to increase.
I'm just trying to learn the game. I think this is how all subpenny stocks work. The educated get out and the suckers get in. Then they do their DD and wait for the next wave of newbies so they can get out. Cycle repeats.
This is a perfect stock to try this because right now there are only a few trades a day if that, and the product is gold which is pure speculation. A quick rise with no PR is somewhat believable here.
I am down if anyone else wants to try this. I can make 2 purchases. I'll buy in at 0.0003 and I'll buy another at 0.0007 if someone wants to make some small purchases in between to fill the gaps.
I can't private message, but I don't care if this room knows about it. There are so many stock chat rooms, it may not even matter. Plus if by some small chance it works, I am not hiding anything :)
I am new to penny stocks and gold companies so I am not the best person to ask for advice. I think I landed on this stock because there was some hype spreading around and I bought into it.
They will not start their second test drill until the Spring due to the weather. This is from one of their PR's:
To date, the Company has drilled three holes with total depths (TD) of 1,280 feet, 1,330 feet and 1,140 feet. These holes were selected as the first holes to be drilled for the first phase of the drilling program based on elevation in case of winter weather arriving early. The samples have been sent for analysis and the assay results from the holes will be evaluated by the Company to determine the second phase of the drilling program next spring.
Without any updates until the spring, this stock will continue to fall. I bought in back in Sept when it was at 0.19. If I were you, I would not buy anymore at this time. Just look at the history of the chart. This will continue to fall. It should be in subpenny land very soon. Buy just before spring and hopefully before they release their next PR and you might stand a chance for profit.
I invested way too early. Even with good news, it will never make its way back up to where I initially invested. I only invested 90 bucks, but I still don't like to see money disappear.
I am not familiar with history of the company or its share structure. I saw there was a forward split 2:1 in May of 2009.
I wish you the best of luck.