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Where's your evidence of "brutal dilution"?
PLPE at a buck.
BSGC just picked up $900K (sold 900k shares.)
BSGC has another 9M shares valued at $9M. That is $10M right there. BSGC has a market cap now at appx $3M.
Do the math. Once others figure this out the price will correct itself. Great buying opportunity now. JMHO.
If PLPE has an O/S of 33.25M shares and after BSGC sells 900k shares then BSGC will still own 26.8% of the O/S shares. Wouldn't BSGC be worth appx 1/4 the pps of PLPE?
http://www.faqs.org/sec-filings/100412/PEOPLESTRING-CORP_S-1.A/#offeringprice
The following is a list as of October 31, 2009 of selling stockholders who own an aggregate of 33,250,000 shares of our common stock covered in this prospectus. Unless otherwise indicated, the selling stockholders have sole voting and investment power with respect to their shares.
16
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Table of Contents
Shareholder (7) Shares Owned
Before the Offering Shares Being
Offered Percentage of
Class Owned
Before the
Offering Percentage of
Class After
Offering Assuming
Maximum Sold
BigString Corporation (1) 10,000,000 900,000 29.5% 26.8%
Rorry, I'm a huge BSGC long but would love to see how you came up with the numbers below? Thanks
"BSGC- So according to this if PLPE reaches 0.5 today than BGSC value should be 0.185 . And if PLPE reaches 1$ than BSGC should have a PPS value of 0.485. WOW that's like a 1000%"
Great read for the newbies:
http://stockreads.com/Stock-Newsletter.aspx?id=26354
Just look at what is happening. 309k shares traded.
304k at the ask. 5000 at the bid.
And we are down 14%. Go figure. The games they play.....
I can wait it out and will.
I'm into this stock pretty heavy. Just bought more. As it goes down, I'll continue to buy more. Watch L2. There are mostly buys at the ask and the price is still pushed down. No problem. I can wait primarily for 3 reasons:
1. Killer destructible/changeable email app
2. IPO
3. Deal with Microsoft.
Shortly you will wish you would have bought more at these levels.
JMHO.
I had 3M shares and thought this co had a lot of promise. Sold out a while back. Don't intend to buy back at any price.
It just irks me to think this company is not in the business of eCigs but in the business of dumping shares on their shareholders. Pull up a chart for the last couple months and see what it looks like. It should be against the law what they are doing to their shareholders. JMHO.
This company continues to dumnp on you guys and you continue to support it? Another 1.45M shares dumped and you wonder why it goes down. Look at how few shares traded after 1pm and you think these are settlement trades posted after hours? You see this everyday after closing with this stock what about other stocks? Do you see these "settlement trades" going on daily? You guys are being taken by the very company that you have invested in. JMHO. Good luck.
Had to comment that I'm amazed you guys are overlooking the obviuos. I once owned 3 million shares until the company started to dump unrelentlessly on us and it showed up as afterhour trades. Aren't you guys aware of what the company is doing to you? It's as plain as day. MMUH had volume of 18 million shares and appx have of that was the company dumping over 8 million shares which settled after hours. They made close to $17k dollars today. They are doing this daily. They have been doing this for a couple months now and until they quit doing this they are flooding the market and the mm's are bringing down the pps. I will never buy this stock until I notice the settlement/afterhour trades are gone. Don't even begin to tell me these are trades done during the day and settled afterhours. This is the company dumping on you over 8 million shares early in the day, vs what you sheeple are buying, and are settled after 4pm. You guys are being robbed. I am not a basher but hate to see the company do this to these shareholders. They have made hundreds of thousands of dollars by doing this and eventually will do a reverse split and issue more shares and do it again forever. You think they are in the smokeless cigarette business? Think again. They are in a very lucrative business selling into you guys. Good luck and I really mean it.
Any chance there is no dump a/h? I think we had one day over the last few weeks where there were no a/h trades. Betcha there is a dump today. Odds are in my favor.
Looks like the dump B@stards keep dumping.
Another 2,470,000 shares at .0034 for a cool $8400.
I think they like their new gig...dump shares for huge bucks. I
may get back in when the dumping stops if it ever does.
Yeah, the company is still dumping the bejesus out of their stock. Dumped another 4.4M shares at .0038 and picked up almost $17k. If they felt the stock was undervalued they would hold on to it considering their "great financials". But since they have no confidence in their stock, evidenced by their daily dumping, I also decided to dump my 1M shares. The stock went up 20% and it was time for me to recapture at least some of my money back. This has been THE WORST COMPANY I HAVE EVER INVESTED IN. Good luck to you shareholders, you are going to need it.
TIME TO BALE. Adam just released the following pr which is rather fugly:
http://www.thestreet.com/story/10710481/1/the-end-is-near-for-cell-therapeutics.html
Hmmm. Why did the stock crash today? Did it have to do with 7.89M shares dumped at .0037 for a cool $29k. This company is dumping everything they have on us and causing the pps to plummet. You would think they would rather keep their stock then dump it at 1/3 of a penny, but no, they would rather take the money today and scr@w the shareholders. Worse company I've ever been a shareholder.
I don't care about the O/S. I care about the management dumping every available share of that O/S on its shareholders. They just dumped another 1.6M shares at .0058 for a cool $9600. They got a good racket going here.
Why was there more buys than sells and we are down 14%???
The answer is coming within the next 30 min.
If you want a hint:
When the company dumps a ton of shares, prearranged with the MM, and shows up as a huge "settlement trade" after hours, the pps tends to tank. This company sux and yes I'm a shareholder unfortunately. Will we have a big settlement trade afterhours? Most definitely. Question is how much. This company is making more $$$ selling us useless paper than smokes.
Looks like the company dumped another 3.2M shares for a cool $20K+ day. Hmmm, do you think they are making money selling e-cigs or worthless shares? LOL. The company is a total joke. And believe it or not, I actually own this garbage.
I'm not saying these are newly issued shares. I'm saying that these shares belong to the company and they are dumping the bejesus out of them onto the shareholders. If they are dumping at .007, then it tells you what they think of their company.
I agree 100% that they don't get much worse. Wonder how many shares the b@stards dumped today on the shareholders? Guess we find out after 4pm. Ain't gonna be pretty.
Man, it is so easy to read this stock. Be prepared for another afterhour dump. Oops, I mean "settlement trade". Whatever. The company is raping its shareholders. JMHO.
Insiders own 55% of the shares:
http://finance.yahoo.com/q/mh?s=ESPI.OB
Market cap is only $5.5M. Which means there is appx 30M float.
http://finance.yahoo.com/q?s=ESPI.OB
With this leadership any peep of news will get this stock to soar.
What is the stock symbol for WaMU preferreds?
Sheez, the stock is down 58% and not a comment? Am I the last shareholder left? How can there be a float of 85M and the stock as I type this is .0021. that is sad. You would think some of the insiders would be buying this up at these prices. Unless they are the ones dumping on us, err, me as I guess I'm the only one left. I'm holding for now.
What is the float of this company?
You should be able to see before the close of the auction what happened as there is either going to be a bunch of buys or sells. Should happen before 4pm
SHOM 43M float .004 Releasing its Q on Mon or Tues
Anyone want a heads up on 43M float stock trading at .004 that is releasing its Q on Mon or Tues? Lots of cash on hand, paying off debts and CEO says no dilution coming. Stock is SHOM More info here:
http://investorshub.advfn.com/boards/board.aspx?board_id=9368
More info on the 43M float stock SHOM trading at .oo4 here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42287331