Primarily big board stocks, long positions. Playing with some penny stocks to keep things fun.
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Ya, good point - in order for your Tweets to be visible you cannot have a restricted profile. Have to be hanging wide open out there.
PR's should be released when there is something substantial to release. It doesn't matter if it is daily, weekly or once a quarter - so long as it is not fluff. A weekly update of business is fluff. Getting off CE status, a contract much larger than normal, a share buy-back or dillution, a new business unit, etc. would all be PR worthy. From what I can tell, the company PUBLICLY releases PR's based on this exact principal. The only reason we are expecting PR is because she has stated in private emails that she is working on the next PR. Correct me if I am wrong here - but has she once PUBLICLY stated that a PR would be released on a certain day/subject and not done it?
I mention all of this because I feel a few here are hurting FAR more than helping. Sure, a PR that they have COMPLETED the process to be upgraded off of CE status would be appropriate (if they HAVE actually done so, including mailed attorney letter). But the couple people that keep interpreting every comment she makes in private email as meaning a BIG PR TODAY are just getting other potential longs frustrated.
I, for one, do not feel that I have been promised a PR BY THE COMPANY and not received it. I am also a bit ticked off at a couple posters acting like they have inside info that a PR will be TODAY - every single day for 3 weeks now. STFU already.
Just my 0.02
Thats making the assumption that the 2 at 16 are not obfuscating 17 orders from same MM - same with 18, 19 , 20, etc.
Ya, that is odd. I see it a lot AH/PM and on pink sheets for short periods of time (5-10 minutes) until on MM trades with another. But by definition, either the buys or the sells will get filled and the bid or the ask will then change. This has been sitting at .0003/.0003 for what - 30+ minutes?
I was aware that the CEO emailed back "Working on it now" in regards to the Attorney Letter to OTC Stocks to remove CE - but has anyone actually confirmed that the letter was in fact sent and when? I read another posting here that stated CE would be removed 3 biz days after letter was received. Unless I totally missed it, I was unaware that the letter had officially been sent. "Working on it now" does not mean anything other than they are aware of and addressing the issue. This is absolutely a great thing...don't get em wrong...but people have been known to work on things for months or years.
With the volume spike and all signals pointing up...who is really seling at .0015? I dont get it.
Thanks - I had missed that one.
I admit - I got sucked into this one by a few posts from Charles D on Twitter and his site and took his DD at face value. Lost all cred with me at this point. I'll be happy to get out even...forget the 0.05 he was talking about.
I am averaged at .23 right now - thinking of adding more. You have a link to what you posted? The only one I see is a post about that from like 4 years ago.
I was talking about this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49249184
If that is not a PR to announce a PR program, than what is it? Ya, OK, a PR to announce a "Securities Awareness Campaign" (aka PR)
Agree with the 0.004 start of any run.
From what I can tell (and I am in long with a small 2M position) this company has a great story and good potential - but unresponsive management and lack of any meaningful PR program, despite PR about being better about PR. Hopefully the gold comes back meaninful and oil progress is updated soon.
On the count of three everyone Tweet:
PPJE - Its Your Birthday! To The MOOOOOON!
I think that is PSC's favorite tweet - even about pure crap like BLEW.
I hope she sees this as a positive line of open communications and not a threat of an angry mob of shareholders making demands. If handled correctly, I believe we may be able to get longer, more meaningful replies from her. And in the process end up bumping Computerbux's rep as a Penny Pusher! (J/K....calm down...) Thanks though for running with this and lets see if it has any impact. I still think real names/signatures stating we have elected an official liaison would be more meaningful...
I am not sure where this idea keeps coming from but anyone that has a margin account - regardless of if you have a sell order or not - your broker can borrow your shares. Putting in a sell order only makes a difference if you do NOT have a margin account, and in some select cases if it is a retirement account. Before you argue - call your broker. I have been through this before several times on other boards.
Wow...I got bumped down again...correct count is 9,885,590
So when we hit over 200M we just all need to sign a proxy and elect a rep to go beat the CEO in the head with a press release form?
Actually at 9,885,590 right now, avg of .0003334
To be caught by the streaming filter you need to include the ticker symbol in all caps IN THE POST. Only the ticker needs to be in caps.
So all together we are 10% owners in PPJE - again, being generous. A DOW company would care - but I do not believe that smaller companies are entirely concerned with investor relations. Please do not misunderstand me - I am not saying she could care less about us - but in her position (CEO of such a small company wears a lot of hats) I do not beleive that a handful of investors with a few thousand $ worth of stock are high priority on her list. The things we all want take time - just look at that OTC requirements PDF. Also, not ever CEO is a great business person, so we should not expect perfection. I am actually surprised at how responsive she has been. I am positive on this stock and look for things when we get them. Sometimes I just would like to see more thought put into the timing and wording of the various PR's. A few words difference and a few days difference can often make a HUGE difference. Just my ramblings though...
I have to agree. While there are things I would love to see, the reality is unless one of us has 100M shares or more, I seriously doubt she would give a crap about anything we would want. And the 100M number is being generous - probably more like 500M.
Some form of guidance / forward looking statement is completely appropriate. A more professionally formatted financial statement (and one that has been audited) would go a long way. I, for one, want both but not until AFTER CE is removed. CE is a lead weight. Until that is gone, all PR’s will have greatly dimensioned impacts.
Question about Form T Trade:
Form T Trades are simply after hours or pre-market trades. These are required by all brokers to record trades outside of normal business hours.
Now, where I have a questions is:
1) Pink Sheets to not trade PM or AH. In fact, no OTC equities do. The only trades pre-market and after hours on OCT are between market makers. I understand these are flagged here as Form T trades, but they appear to more like M or P type trades since retails traders do not have accesss to pink sheets during these times and they are unusual prices.
2) Normal Form T type trades do in fact count in total shares traded and do in fact more the current price (aka, cause a gap when trading re-opens). The trades here do not appear to have any impact on either # of shares traded or the PPS.
So my question is this: Does anyone know exactly what these trades are? Has anyone asked iHub? I will do so if no one has, but I just do not see these are normal Form T trade types (unless they are different with pink sheets then "normal" stocks). Is this simply inventory re-balancing? Dillution? MM to MM? Non Retail Traders?
Interestingly when you click HELP on iHub to look this up there is no Form T Type definition, but the listing says "The London Stock Exchange" - not much help.
This is just a curiosity thing - I do not see where any of this impacts the trading of this stock. If we knew exactly what the trades were it may shed some light on what is going on - though it may just be normal rebalancing and meaningless.
Thanks! I wasn't sure if I was reading that correctly or not. I am glad to hear both of your replies. As others have stated, the PR (assuming there is one) along with financials and CE being removed should "in a perfect world" hit like 1 each consecutive day to drive up the price.
Did anyone else notice the "30 Days" Part:
Generally, Pink OTC Markets will remove the Caveat Emptor designation once the security meets the qualifications for Current Information and Pink OTC Markets is satisfied that there is no longer a public interest concern, typically no sooner than 30 days. In the case of reverse mergers, Pink OTC Markets will remove the Caveat Emptor designation upon qualification for Current Information or, for SEC filers, with the submission of a super 8-K, with no 30 day minimum.
http://www.otcmarkets.com/pink/otcguide/investors_protection.jsp#caveat emptor
If I understand this correctly, a company must be in compliance for 30 days BEFORE Caveat Emptor is removed. At this point we know PPJE has submitted financials but have no idea if they ahve fully complied with other requirements. That means this shouldn't exactly happen tomorrow.
On TDA I am looking at the minute bar table and see 18 Million shares traded at 0.0001 at 16:01:00 and 159,552,662 shares traded at 0.0002 at 16:10:00. Weird.
I think anyone that reads that PDF can understand why it would take a CEO so long to comply with it. There is a bit of effort required. Effort that takes time away from running your company.
Update information on OTC Markets - Email from CEO
It was mentioned earlier today that even if a company reports to OTC Markets and does not pay their required fee, the best they can do is "Distressed" or Limited Information. Since the obvious goal is to get to at least Transparent (wow, wouldnt Trusted be all kinds of sexy?) a company must pay a fee. As a new investor in PPJE with 10M shares at an avg PPS of .000333 I want to see this go up as much as anyone. To that effect I emailed the CEO and asked if she was aware of the Caveat Emptor rating and of the fee required to be Transparent. Lets face it, a CEO of a small company is not always focused on such things (and I hope spends most of her time focused on OTHER things, like running the company). In any case, here is what I just got back - which I feel is excellent news:
_________________________________________________________________
From: C. Basu [mailto:colorred01@aol.com]
Sent: Monday, May 03, 2010 4:18 PM
To: <My Email>
Subject: Re: OTC Markets
Fee was already paid. Thanks.
C. Basu, CEO
PPJ Enterprise
1105 Terminal Way, Suite 202
Reno, NV 89502
(775) 348-5735
www.ppjenterprise.com
ceo@ppjenterprise.com
-----Original Message-----
From: <My Name> <My Email>
To: ceo@ppjenterprise.com
Sent: Mon, May 3, 2010 11:56 am
Subject: OTC Markets
Ms. Basu,
I respect that your time is valuable so I will make this brief. As an investor in your company I would like to know if you are
(1) aware that http://www.otcmarkets.com currently has you in Caveat Emptor (Buyer Beware) status, and
(2) is it your intention to pay their fee, now that you have reported your financials, so that you may be moved to Pink Sheets Current Information status (aka Transparent)?
While these items have little daily impact on your operations, most investors in the OTC:BB/Pink Sheet space weigh these ratings heavily in their decision making process. Having performed the due diligence to complete your financials, this would be an avenue to maximize the Price Per Share impact of this effort.
Thank you for your time,
<My Name>
PPJE share holder
_________________________________________________________________
That said, I would take her SO much more seriously if she had her own email domain instead of using AOL. Hey - its what I do for a living and would do for them at a HUGE discount!
I have A Dream....
That we will soon see the day when someone does not need to step up and paint the finish...
Curious - has anyone contacted IDCN in regards to the "Pink Sheets No Information" status on http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=idcn ? Since they are in a securities awareness campaign, wouldnt they - almost by definition - update OTC Markets to improve their rating to Transparent? Would seem to me that this would have more of a positive impact than most PR's they have been releasing.
I have only recently started playing with the penny/sub-penny stocks, so not sure how much impact that has - but I know within 5 minutes of LYJN getting hit with Caveat Emptor they plummetted from .15 to .04. So someone takes it seriously. Though that was a pure P&D at the time.
IMO two things will be needed to make PPJE move significantly:
1) PR about the financials
2) Removal of the Caveat Emptor rating from OTC
Based on current info, I suspect both of those will happen today or early this week.
I bought into IDCN starting at .0030 and averaged down along the way. Nothing huge - a 5M share position, averaged at .0021. THat said, I have to agree with you on every point. I bought into this because a certain man on Twitter that maintains his own vBulletin web site to discuss a few stocks "pounded his fist down and demanded that this was easily a .05 stock." He has since updated his posts to say possibly 0.01. I have to assume all predictions are 100% pump over realistic, so I am thinking best case here is 0.0050. If they actually have gold mines that are usable (remember, MOST gold mines do not pan out to have enough of a concentration to be worth the money to mine) and if they actually get oil producing wells then yes - we could all be in a very good position. I believe it is poor management to announce plans and then not announce progress or milestones. No I do not expect a daily update - but the last PR was we are going to mine gold and drill oil. An appropriate PR would be "we have erected the first well and began drilling" or as they did with the gold - a sample was sent to be evaluated. With a PPS this low and volume (total $ traded per day, not # of shares) a steady flow of PR is required to not have this drop back to under 0.0010. My investment here is so low that if it takes months I don't care (unless the gold is unusable and the oil dry and Chapter 11 aroudn the corner). As an investor - not a daily flipper - I would appreciate some real information from the company though.
PR may be coming, but dont count on financials any time soon. Anyone who has ever run a business knows that if you get behind on teh finanacials it can takes months to get caught up - and then if you have them auditted you are talking another couple months. From what I can tell, PPJE is WAY behind. It would be/will be a great thing when this is updated - but just because they say they are working on it on Friday does NOT in any way mean they will be out Monday.
In answer to a previous question here - about 8M of my shares filled at 0.0003 when that was the bid. Also had some fills when that was the ask. Oddly, I had a buy order in at 3 when the ask was 3 that did not fill.Still have a GTC buy order in for more at 3. I increased it to 30M. I seriously doubt it will completely fill, but who knows. Granted - all the hard core pumping here and on Twitter and chat rooms - if there is no PR for yet another week (after two weeks of "The CEO promises PR TODAY") then people will move on and the PPS will hit 0001x0002 until there is news. As far as I am concerned, I can sit on these shares for months and see what happens.
Actually, it was slightly less. The only two fills today, both at 0.0003, were 327,585 shares and 2,012,420 shares. Dont know what to tell you are the ticker - my bar chart in TDA-SD shows 8M filled at 14:35 at 0.0003, 8M filled at 14:01, 8M filled at 13:52, 9,230,000 filled at 13:48...etc. All at 0.0003. Unfortunately, not all mine.
Actually just got 3M more filled at 0.0003.
I am new to PPJE - came across the rantings of a particular Twitter user who posts on this board...figured I would check it out. From what I can tell, PPJE does not represent much downside (unless the CEO is outright being dishonest) and significant upside - for a pink sheet. Based on what I found I placed a GTC order for 15 Million shares (I know, not a huge investment, but it IS a pink sheet for a reason, so I am careful) at 0.0003. This was Monday morning. At this point only 5,467,585 shares have been filled. This is odd since at one point a couple days ago it was sitting at 0.0002 x 0.0003 and still did not fill. Guess the MM that TDA routed through was asleep or at lunch during that time... In any case, I hope to get filled soon...sit back...and enjoy this ride with the rest of you.