Working on the big PENSKE project
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I'm not getting my hopes up because I have yet to hear good news on any of my investmetns since I started. I will wait it out. If they don't reverse split, maybe this will just be a long term investment until they start their next project.
Profit could still be made on the announcement of their next project. There was that bump in July where some people made some money.
I'm confused, am I being called a basher? I am upset that I lost almost 90% of my investment yes. I was hoping for the buyout to go through. Fell victim to that.
If I was a basher I played the game wrong because I bought at the highest point and watched it dwindle down to the nothingness that it is at. I was pessimistic along the ride down because I continued to watch my funds disappear. Do not confuse anger and disappointment with bashing.
Thought maybe I would learn my lesson, but I have an urge to try and make up some of my losses if it falls down to the 0.0002 & 0.0003 range. Does not leave much room to go further down (god forbid reverse split).
I wonder what they will change their company name to next.....
As much I was burned by this stock, I would consider investing back in at this point. Maybe even wait till it drops to .0002 or the bottom. Whether there is product or not, this stock does move a little. Just have to wait it out.
I hear ya. I am new to this game as well and saw all the bounces. I think only the market makers can trade out an extra decimal point.
I think the swap might be possible, but I hear that it can take a real long time. I considered trying the 10 stock approach like you said. Maybe with ten stocks running you might have better rate of swapping a few without having to wait as long. I only worry that you may lock your money into one of these and not be able to get it out. This and EVFL seem to be high activity and a lot of bounces between .0001 and .0002.
Only been trading for a month. Put 50 dollars in this.
Lets say I saw there was value in this stock. I put a purchase order in for 0.0003 on a million shares. If someone takes that order, won't the ticker reflect the last trade and show 0.0003. Wouldn't that be all it would take to move it? Isn't it based on the value perceived by the traders? As long as the buyer and sell agree on a price wouldn't that be the rate?
If they pumped up PR with all these scientifical breakthroughs, it wouldn't move up?
Yes the letters of intent are worthless, and this is why it is a subpenny stock. They don't have anything. The gamble is what if these were to execute and they were able to geta few stations up and running. The waive of newbies will come and you will have no problem getting out at your 0.0002. My bet would be that the stock will rise more than that before they do a reverse split.
I put $50 on this because I know the risk is high.
Well we know the commencement has already taken place. We saw the drilling pics. Question is how long does it take to do an initial drilling...2...3 weeks? Plus they need to analzye the samples. Maybe they are still moving at a realistic time. I shouldn't have been watching this stock every single day when they said in the PR that they wouldn't start for a month. If we do not hear anything this month, then something bad is probably going on.
Maybe we'll hear something by mid December or January :)
Why are they so vague and telling us soon. They can't say that they will release something in one week or two weeks? Is that not allowed?
How can continue to be optimistic about this stock. We are watching it dwindle down to 0.0001.
They lied in their PR about the buyout, or they failed to mention that a 1.9 cent buyout was absurd for the preferred share holders. Whatever happened to LVLV they aren't even trading.
I get a sick feeling everytime I come in here and yet you still continue to think that it is going to turn around. Your prediction of a 15 to 30 percent increase will be very easy when the stock is valued at 0.0004 at the moment.
I am starting to get nervous too. I don't like the fact that they changed their name so many times either. I guess they don't have the best tract record.
It's my nerves and a little bit of reality kicking in, but I am still hoping for the best.
Appreciate the effort Krazy eyes killah.
Thought I would get lucky and a PR would post right after I said that :)
Get ready, here it comes!!!
Unfortunately, I bought at 2's 3's 4's and 5's so I was never able to test the flip.
I am afraid now if I attempt the sell the portion I got at the 2's, the stock would take off and I would miss the boat. We are expecting PR any day on the initial test drill. At this point, I will just wait it out.
Let me know if you do get the 2 to 3 flip thing down. I am very interested to know as well. The portion I bought with the 02's I was going to flip, but I get held up wondering if this might take off.
And then multiply that by 5 :)
Looks like another coat of paint has been applied. Another week to dry?
0.08 by end of the day :)
Hahah, ok peter_fitzell. I will allow it.
Wouldn't that information have to be addressed to all of the public. I don't think they can just send you a personal email. That would be insider information. Anything they give you will be very general. You shouldn't find anything valid other than the fact they may be releasing a PR in the future.
Hey guys, what's the action?! hahaha
Thank you guys for the feedback. Got a lot of great repsonses to help me determine how I will move forward :)
Good karma for everyone.
We are expecting PR on the initial test drill and whether or not they will do a second more extensive drill right?
If they plan a second drill, would we expect a sharp rise and then dwindle back down to the 0.0003's until the next PR or do you think it will hold at a higher value?
This will be my first potential penny stock worth selling and I am worried I am going to play this wrong. I am just wondering if I sell towards the top, if I will be able to buy back in at our lovely 0.0003 or if it is going to be a more expensive buyback with positve results.
Just looking for an opinion, I know that you can't predict the future.
They could be right, they could be wrong, but I am in it regardless. I've seen the bumps on this stock and know that it is possible to profit.
I am certainly hoping for the best. Still have my sell order in for 0.10 :) No takers yet.
hahahahahhaah....nice
Board is starting to turn sour, fear is settling in....talk of no gold and scams now.
I am now a member of the evfl family :)
Can someone verify if there really is no shares, or is runamuck just saying that becuase he didn't get his order filled at the price he wanted?
Not much action here today so far. Quite board too. I guess we've all stated our assumptions and are just waiting for the outcome.
?!?!?!!? what are possible reasons for that trade?!?!?!!?
I don't have the charts so I don't know the volume activity. Disregard my folluw up post. It was just a timing issue. You already responded.
I don't understand what you mean. Wouldn't a natural reaction be to dump the shares if they were not going to dig. Why hold onto shares if they feel they may be worthless from the result of no dig.
I am a novice and just trying to understand.
I am a novice, but if the company did not produce good results from the dig, wouldn't they want to dump their shares and get out?
Could it be interpreted that way?
Back to the 0.0002's again?
I have my sell order in for 0.10
In the beginning of sept they posted news stating they would commence in 4 to 6 weeks which is right about now. If they are just starting, it might be too early for an update.
Agreed. It went to 0.0007 or 0.0008 without any real news less than a month ago.
What do you think would happen to the stock price in a best case scenario and they find a substantial amount of gold? Could it get up to 0.3 or greater? We can't gage on previous history because I don't think they had great results from their previous digs.
I know that the bumps in the past were the result of reverse splits and PR on the commencement of new drilling.
Another thing I noticed is that in 2002 and 2007 the price of the stock went up after the reverse split over the next few months, so there is hope that we may not lose everything if it were to happen again.
Thank you for the info. I am trying not to get my hopes up too much about this stock. If it hits 0.0004 I will break even and any bump after that could be profit. I worry though because I have a feeling the next piece of news will either make or break this stock.
I almost wish they sent out a little fluff pr. Just enough to get a little bump so I can sell and then reinvest the profit to gamble on.
I just started trying recently to flip a small portion between the 2's and 4's but it does take time.
Good luck to you.
Do you flip with this stock?