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The plot thickens!
Could it be that Mr. Vuksich is actually IMGGorBUST?
Bsgc is on the short list, expect covering to come soon! http://regsho.com
Can someone please explain what is going on here? This should have been moving in the opposite direction. What has the company done?
BSGC to make multibagger gains next week on the launching of the new PLPE.OB(Peoplestring) IPO. Peoplestring is a web portal and social networking site with patented, disruptive technology built into its software and a format designed to pay its users from its advertising profits. Peoplestring is to begin trading publicly for the first time very soon, likely next week. The company is a spin off of Bigstring (BSGC.OB) which is a growing email website also with disruptive technology built into its programming. Bigstring is already publicly traded and owns 30% of Peoplestring. Also, 9,000,000 shares of BSGC is directly tied to the PLPE IPO offering. BSGC jumped 26% yesterday in anticipation of next week's Peoplestring news. The CEO of peoplestring (who is also the CEO of Bigstring) is to make an announcement concerning Peoplestring next Wednesday. PLPE is to open its offering at 0.125 per share. BSGC is currently at 0.036 per share after the 26% gain. There's still lots of room for BSGC to move. PLPE is likely to go much higher than 0.125 and BSGC will rise with it. Even if BSGC only approaches the PLPE initial offering of 0.125, that's about a 4 bagger for BSGC. But people are anticipating a 10 to 20 bagger from BSGC due to these events. Do your own DD and check it out for yourself.
BSGC to make multibagger gains next week on the launching of the new PLPE.OB(Peoplestring) IPO. Peoplestring is a web portal and social networking site with patented, disruptive technology built into its software and a format designed to pay its users from its advertising profits. Peoplestring is to begin trading publicly for the first time very soon, likely next week. The company is a spin off of Bigstring (BSGC.OB) which is a growing email website also with disruptive technology built into its programming. Bigstring is already publicly traded and owns 30% of Peoplestring. Also, 9,000,000 shares of BSGC is directly tied to the PLPE IPO offering. BSGC jumped 26% yesterday in anticipation of next week's Peoplestring news. The CEO of peoplestring (who is also the CEO of Bigstring) is to make an announcement concerning Peoplestring next Wednesday. PLPE is to open its offering at 0.125 per share. BSGC is currently at 0.036 per share after the 26% gain. There's still lots of room for BSGC to move. PLPE is likely to go much higher than 0.125 and BSGC will rise with it. Even if BSGC only approaches the PLPE initial offering of 0.125, that's about a 4 bagger for BSGC. But people are anticipating a 10 to 20 bagger from BSGC due to these events. Do your own DD and check it out for yourself.
BSGC has news pending next Wednesday. Your own DD is in order here. Look for the connection between BSGC and PLPE.OB (ie peoplestring). This is a big deal. Get in long before its too late.
Is your statement based on DD or speculation?
Bear Raid
Any idea what the opening stock price will be?
Look at the new owners dropping the stock price and then buying back more even cheaper. Patience is the key here for retail investors.
NEWS...
December 20, 2010 10:28p.m.
To Whom It May Concern:
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Time: 3:00 PM Eastern Time
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PeopleString Corporation
157 Broad Street | Suite 109 | Red Bank | NJ | 07701
PeopleString Corporation, 157 Broad Street, Suite 109, Red Bank, NJ 07701, USA
Agreed. Panic sellers at this point = naive investors.
Agreed. Panic sellers at this point = naive investor.
Al-dorra is going to buy up shares slowly and quietly for the next 4 months. They can't be impatient and buy in mass quantities because doing so will drive the stock price significantly higher. Don't be fooled here. In the end (March 2011) they'll want whatever shares are left and they'll have to pay you a fair price for them. In fact, in the end they'll want the share price to be close to the $1.10 buyout price because it represents big profits for them. Be patient along with them and you'll be rewarded.
Let's clear up any confusion. Actually, lets clear up my confusion. Al-Dorra has agreed to buy SPPH at $1.10/share on/or before March 17, 2011. In the meantime, they reserve the right to buy up as many shares as possible below the buyout price. They can't buy up all the shares at $0.25 all at once because when they start accumulating on such a massive scale, other MM's and retailers alike will jump in as the stock begins to soar. So they have to manipulate the stock over the next several months while slowly accumulating below the buyout price in order buy the company more cheaply. At some point near or on March 17th they have to buy whatever number shares remain at $1.10/share per the buyout agreement. So..., a large stake in this company now at about 0.25/share insures a 4+ bagger by March 17, 2011. Not bad if you're able to invest a hefty amount right now.
There must be something wrong with this reasoning or the stock should be at the buy out price right now. Either that or the MM's being the main players allows them to wait, knowing thay can trade with such speed as to get in at the last minute and still at a great price. After all, let's face it, the market is fixed because being an MM basically amounts to legal insider trading.
If I'm wrong here, let me know, explain why and give a better scenario/strategy.
I think its fair to say that this stock is a POS. I've been watching the stock since before the penny prophet pump. In spite of the pumping, the stock didn't move. Not only that but they had good news the stock has actually gone down from its pre-pump levels since the news. Now that's the definition of a loser.
In this case I hate being right. I told you of 1) the October decision date and 2) the FDA being involved in deliberately slowing the process of bringing this device to market.
The business of America is business, both ethical and unethical business. In our world bootleggers can receive presidential appointments and lifesaving technology can be delayed at the whim of corporate power. You gotta love it.
The great thing about this country, though, is that justice delayed is not just denied. And in that same sense, approval delayed is not approval denied. This device will get approved and it will come to market. The blow of its arrival upon the medical imaging industry must be softened so as not to critically injure the existing industry powerhouses, its as simple as that.
Looks like that large block of shares I sold in the low $0.40's not long ago is going to buy a lot more shares than I anticipated.
New approval date: Q3 to Q4 2011.
Conference Call today on FDA status 5:30 EDT.
Welcome back.
The stock should really jump nicely today.
LOL!!! This is by no means a prediction on my part. I'm just telling you what I read back in April. I looked up the April article and apparently its been altered somewhat because the estimated decision date is no longer mentioned. But here's where I got it from.
http://biomedreports.com/articles/new-latest-news/34915-imaging3-announces-fda-submission.html
I never use ordered stop losses with biotech stocks. I use mental stops only and I had one in place here since the last run up because I never expected approval based on a particular date. What I wanted to sell was sold above 0.40. I'll be buying back well below 0.20.
For the gazillionth time those 30, 60, 90 day etc...deadlines are only guidelines and never set in stone. The FDA cares less about guidelines and more about getting it right so their decisions don't come back to burn them and rightfully so. Pumping expected approval dates benefits only those who are manipulating the price of the stock for short term trading while awaiting approval. I have nothing against those who trade short term, I do it myself, but manipulation is manipulation and I don't think many retail investors appreciate that practice.
So if we're done with the silly predictions I, for one, couldn't be happier. Or we can go for 180 days now. Who'll be the first on this board to make that prediction (complete with links to support this next bogus claim, of course)?
Finally, a credible biotech web consultant who watches biotech stocks and only biotech stocks for their livelihood predicted an October decision date. How did they come up with this estimated time frame? I suspect they have relationships with people in the know. Time will tell.
So without news, you see us picking up where we left off last Thursday?
You think so? This couldn't just be people taking advantage of a bargain? After all, its obvious that the stock oversold very quickly in recent days.
Hear, hear!!!
Well, you know where this dilution business is coming from, don't you? If not, here it is.
http://www.hotstocked.com/article/2540/imaging3-inc-otc-imgg-expects-the-coming.html
As the saying goes BT..., "Judge not,..."
God! If I didn't know better, I'd sure think this company is being starved out. Just the paranoia of a guy who grew up poor in a rough neighborhood of a large city, I guess.
What makes approval closer? It looks like it took 10 months for approval with the device you're siting.
So it appears that being on the FDA fast track doesn't mean the FDA puts any real effort into expediting the process and even fast track applications will sit on the self collecting dust for weeks at a time. The fast track program seems to simply mean that minor questions can be asked and answered on a less formal basis (by phone, email, etc...) and that the FDA will try to meet certain internal (imaginary) timelines but these timelines are guidelines only (which they meet 90% of the time)and not written in stone.
The policy sited in bold print above basically isn't worth the paper its printed on, IMHO.
October, huh? What a coincidence. Almost exactly one month ago in post #18356, I wrote:
"...If there's no decision by the close tomorrow, I'm thinking October. Why? Because Biomed Reports made that estimation and given the rampant corruption that rules the day, I trust some inside info is likely figured into their calculations."
Still, I'm interested in hearing what peopleIMGGorBust has to say about these latest developments. He is without question the most knowledgeable person on this board when it comes to FDA rules concerning 510K decision timelines.
I've been hearing about a Vegas party for a while now. It turns out that I'm scheduled to be in Vegas soon anyway. My hope is that my business there will coincide with our party and I'll kill the proverbial two birds. For this to happen, though, we'll need approval right...about......now!
"The reality however is that if the Chief of Radiology or Interventional Cardiologist wants a product, they normally will get it. Moreover, unless there is a major safety issue, hospitals will find ways to tap dance around the purchasing requirements."
I couldn't have said it better myself, Frank. Excellent points.
That practitioners, hospitals, etc... are being challenged is just a big a plus for I3 as it would be if the device manufacturers were moreso on the hot seat. In fact, its my opinion that the manufacturers and the hospitals sit in the same seat within the same boat when it comes to radiation emission so that pressure on the practitioner translates directly to pressure on the device manufacturers.
I believe that eventually the amount of radiation being emitted by hospital rad devices will be a part of Joint Commision inspections that occur yearly to keep all hospitals properly accredited. This will be a big deal and hospital adminstrators will be looking to comply very strictly in order to maintain their jobs and keep hospitals open, especially smaller community hospitals. But the Joint Commission inspects every U.S. hospital so the larger hospitals will scramble to strictly comply, as well. I3 will set the trend for reduced radiation emission and perhaps serve as the template for modifications in our current CAT scan technology.
Why does it feel as if its the FDA whose the real MM trying to shake out the weak among us?
It's my understanding that you can even send comments etc. for consideration even without attending personally.
Here's your chance at the FDA.
If you live close enough to this site in California and want a chance to express any grievances you have with the FDA, here's your chance. Even after the Dvis is granted clearance, this is an opportunity to express your views about the process itself. Check it out.
http://edocket.access.gpo.gov/2010/2010-17068.htm
Yeah, but you get my drift.
We're still waiting. Excellent vibe coming from the FDA. We remain very optimistic. Nothing to report.