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That $10,000 wall at .0003 is still up, strange, but I bet its only a matter of short time before someone, not naming names, decides to take that money...
Someone keeps dumping shares, and someone keeps soaking them up...
Well the good news is that someone put up that 35 million share wall @ .0003 this week to stop it from going to .0001.
As far as i can tell there were no costs that required borrowing, except for one...The company wages were not in line with revenue, so they had to borrow all that money to pay themselves... These guys are done, last I saw it was projected to be a 97% chance of bankruptcy :(
He said that on the 6th? hmm, wasn't up the next day... cant even find the site on a google search anymore. They probably sold the platinumstudios.com address, or somehow lost the rights to it lol.
Most companies that have stock conversions in their debt contracts intend to let them convert. Penny stock companies let anything and everything convert, to make sure the debt burden is paid by current stockholders and new investors. I have yet to see one that didn't...
Not sure what you are getting at, but borders filled for bankruptcy. Lol even the gift card holders got screwed.
My guess is that anyone still working at pdos are there to assist in the bankruptcy...
Sever Issue for a week? LOL, ok, if you say so...
New website? That's why its down? seems fishy. You don't have to bring down the old one in order to build the new one. Most people build the new site while keeping the old one up, then make the switch instantly when the new one is ready...
LOL new pumpers? Its not undervalued, the price is exactly as it should be. Scott drove this into the ground with false promises, unsustainable debt, massive share dilution, and absolutely no financial transparency. There is nothing of value left here. BTW, don't bother trying to contact them, they stopped taking calls or answering emails due in part to angry investor questions and constant death threats...
Some flippers got out today, no big deal :)
The price is all over the place, strange...
Red on good news, its comical :)
Along with the end to dilution and an audit, this stock also needs more long term big investors instead of mostly day traders. And if they start making profits maybe they can issues a small dividend. If all that happens the stock will easily be over a dollar.. but we'll see..
My guess is the only thing that will turn this stock around will be an audit, and an end to dilution. Even good sales news wont help until those 2 things happen :(
Who wants to bet it finishes red? lol
And back down it goes...
Must mean there is a BIG dilution coming too :)
Ill wait until it drops back down to around .005 before i buy more :)
Down on good news means they are likely selling shares into their PR's...
TIMMMMMMBER ! lol, this is gonna be fun to watch :)
My best guess is after the bankruptcy is complete the current stock will be canceled and new shares will be issued. The old stock will of course be worthless, however preferred holders may have an option to convert to the new shares with probably some penalty.
I always find it amusing to see people talk about BK stocks like they will 1 day be worth something. I have yet to see a BK stock emerge from proceedings intact. Now of course you can look at some examples like General Motors, and see that its old stock is still worth $.08, but thats only because there are still pending lawsuits involving the old stock that people are speculating on. Of course the newly issued stock is @ $36, but someday soon that old stock will go to $0.
I find the current price amusing, seeing as how it will be a compete common share wipe out :)
I may play @ around .03 and look for a .05 bounce :)
WOW, was up like 30% in the morning, then crashes huge in the afternoon.. bummer for you holders :(
BTW, GE has been pulling credit from a bunch of good companies. So it would be strange for them to turn around and bet on a company like BGP...
LOL its always a conspiracy isn't it? No one is manipulating the stock. The company has a failed business model, and their stock price reflects the reality of their situation. And like every business that eventually falls, they too will deny the rumors of bankruptcy be cause to be honest would seal their fate, so they must lie to have a chance, all be it it very small, of saving the company.
Its fun watching the speculative value of garbage go up, I love to see train wrecks :)
FMNA and FMCC will NEVER pay back the government. I can only hope the government does the right thing and dismantles these institutions, along with AIG, to try to get something back for the taxpayers.
Nope, Nasdaq wont let them trade on that exchange anymore because UWBK wont provide the necessary information required by law to be listed, and UWBK has no intention of summiting the same required information to the pink sheets, so they are done.
LOL, omg, they wont even fill out the paper work to get the stock over to pink sheet so people can dump it and get at least something for it...
Was funny seeing the press release with Guy Gibson stating they had no idea why the government seised them, and that they were close to fulfilling the thrift supervisors requirements. Turns out their anchor investor pulled out prior to the seizure, and when the FDIC found out about that they shut them down.
Anyone feel like a sucker? :)
LOL, pretty much everyone in the financial world recognizes that both Fannie and Freddie no longer have share holder value, and that the stock is worthless, yet here it is, making people money :)
Its like any other failed bank stock, it will continue to trade through the bankruptcy, pretty much in 1 direction, probably pink sheet, with a few speculative spikes on rumors and news of lawsuits and what not, and after the bankruptcy is complete it will be worthless and completely delisted.
Its likely to be a 100% common stock wipe out :(
Thats just it, Texatasel, Genasense, and what ever else, never had a chance. Its always been a scam. Time and time again, year after year, they dilute for cash, reverse split, then try to sell the same BS, in a different package, to new investors. If Genta actually had anything of value, they would have sold it a long time ago to a real bio company. Unfortunately, all the big boys know Genta = garbage, they have no interest in them.
When Genta eventually files for bankruptcy, expect lawsuits charging them of misleading investors and falsifying research. Its been sad how many people have been pumping this stock over the years. Sure, there has been many opportunities to make some money by finding some other sucker to buy it for a higher price, but only few have actually gained, most have lost.
What can I say, I enjoy watching train wrecks, and this stock has been thoroughly entertaining :)
Thats some quality pumping there bud, best of luck to you all :)
When the price gets back up to $12.50 ($.80 pre RS) the bag holders from the last big P&D will be able to break even :)
Need to raise cash to go into production.. probably gonna sell more shares.. PPS going DOWN :(
$.20's inc :(
The bizarre pricing for new stock continues.. last time they announced an offering that was 25% ABOVE the current trading price.. now they are offering at 50% BELOW the current trading price.. strange business.
If i had to guess, id say they are propping up the price for either a buy, or an offering..
I always come back to this stock when i need a good laugh :)