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You're research maniac, haven't found any info about the company, then say it's scam? Two things.
1. you haven't found anything about the company.
2. you concluded the company is a scam because you didn't find any.
For both you were wrong.
The only thing I see is some people trying to bring down stock price with less than 1k ~15k shares from 9 to 6 when it was hitting 9 very well through the last week. It's the one purpose, to buy cheap no matter to cover shorted shares or to accumulate.
But I know one important thing about this company. with triple zero stock price, trade volume is extremely low in float. 25k shares to cut 33% in a day. someone can buy up to 0.002 with 6M once I decide to bring this crazy when news comes out. That's why this stock is in very good position for breakout.
Once news hit, the stock price will rocket.
One more thing to add,
stock moves by company's future outlook and share structure. But it also moves by investor sentiment.
The stock came down to this range with such destroyed confidence and debt conversion. When you look at the chart, this stock hasn't really moved up significantly for months. At this price, I'm sure this time could be the most possible moment for investors to restore their confidence taking news more positivie and the company and money source will follow it. I have seen many total dilution scam stock such as KKUR ran up 20 baggers from this range with no real news. Guess what? KKUR's convertible debt buyer is the one of infamous penny hedge fund. comparing to KKUR which is backed by hedge, sshs has much better company fundamental, share structure.
Forget about Gelmon's another stock he did r/s. sshs has long way to go to r/s and it will be played much longer. Gelmon and Lawgo are not dumb and dumbers doing r/s on their two major money source. BNYN is dead. SSHS is chosen to be played more. If two goes dead, they're in BK.
liable, I know you have been here for long and the stock price moved the way you predicted. I got in at 0.0002, 0.0003 with 15M shares, and I have 15M shares buy order at 0.0001. I don't think my 0.0001 order will be filled unless there are selloffs at the price with more than 100M. So, once I see sshs hits 0.0002 with reasonable volum, I'm ready to hit 20M or 30M buy at 0.0002. Everyone has their own reason to bet on stocks, but I think I'm a very conservative investor. The reason why I'm betting on sshs to break out is because;
- the company is real. They have the real business.
-the debt amount 3M is not much for a pink company.
-the company is making deals and contracts, you can say it's not able to be verified, but it doesn't mean you can say it's fraud or lie because it can't be verified. I haven't seen many pink co pr mentioning detailed contract amount as sshs publishes. It's the matter of the time all the previous contracts will turn to revenue stream, I believe so.
- a/s is 4B and stock price is 0.0001/0.0002.
- Michael Gelmon and Michael Lawgo used to work in hedge fund companies. It's understandable they bring down the stock to rock bottom and make it break out. That's what they do, it's their habit. So far, it moves as the typical hedged penny stock goes.
This is just my thought based on what I heard from one of my friend who hedges. They dilutes everything in a/s, then on 2nd or 3rd a/s increase, they transfer shares to outside source to work on bringing the stock price high to sell high. Isn't this perfect setup for this senario? both two board members are previous hedgers and stock price at rock bottom. Then double a/s now. If I'm correct, the selloff you see since end of May is the share transfer to outside for these two crooks.
You'll see what happens in a few months.
By the way, I haven't written anything until a few days ago because I knew liable, you were correct and the price will hit this rock bottom. But, now you're stuck in the way you have been right and now I have a different opinion with my belief, nothing is correct, and share with you and all here.
He's been smart for months. One time, monkey can fall from tree, the day is due and nobody can deny it.
4B a/s, too low to convert to market share to cover debts. At this time, both parties have two choices, which are total opposite.
1. r/s
2. raise pps with stream of real PR, financial, verification of contract news with 'settled' deals, which we was in the last two PRs.
Here is my bet, number 2.
mark this. 0.0041 by July 18 that's where fibo timing shows top lies on.
Here we go. MM signal 911.
shorts soon will switch to buy, this will fly to the moon.
I would say if the company keeps responding to investors when price goes down such as this with sweet coated words, that's more it sounds like scam. If they don't respond, it's either because the company doesnt' like investors complaining or real scam. But the all time truth is the company has released PRs for years and it will come any day. Being quiet with depressed pps triggers selloff, shorts going crazy, then suddenly it all will be cleared at one shot. Sometimes, it's funny, how people react and how people use such psycological frustration.
Today I collected 3.5M at 0.0005, 0.0006, 0.0007.
I tried to lift pps to 0.0007 with 1.5M buy before noon. Then my buy went through as 0.00069 (5 float number) and recorded as 0.0006.
I gaurantee you, this is being shorted with market makers using premium broker accounts who can trade with 5 float numbers.
Just one news, this will go 10 baggers in a blink of eyes with such low o/s.
No matter it's scam or not, with 500M a/s, this price is unreal, building huge breakout potential. I've traded penny for 2 years and haven't seen this. KKUR, total dilution scam with 20B o/s ran to 0.002 from 0.0003. MMUH can run up to next resistance, 0.0041
I bought at 16 and averaging down.
When the stock hits low, it hits by small number shares, then when I hit ask with small price, it goes up too. That's because this stock is very low float. When this goes up, it will happen in a blink of eyes. Good to add at this price.
No news for going down stock is actually bearing good upside. We don't know why this stock goes down and at this price for 500M A/S stock still making more revenue accoarding to the financial. I don't think the financial was false even though it's unauditted. If it is, it's criminal issue giving false number may result legal dispute.
One good PR will make this run 100% easy.
Levelheaded, please read this post and do us one more favor.
Prediction for timing.
I just looked at the volume and compared to the previous stock split history. It's interesting to see.
http://picasaweb.google.com/lh/photo/h9EIBg9XwOZ6i8069fNTyw22gT1jL7MZxPG1A2D2xS0?feat=directlink
4/1/2009 - 6/1/2009: 1.6B total volume. This looks like the rest of shares in A/S 2B was maxed before next stock split.
6/11/2009: stock split. A/S increased from 2B to 5B.
6/1/2009 - 1/4/2010: ~4B total volume = ~3B dilution volume. increased 3B A/S maxed out.
1/8/2010: stock split. A/S increased from 5B to 10B.
1/8/2010 - current: ~3.5B total volume = ~2.8B dilution volume ( dilution rate of total volume based on previous history record). ~2.2B missing. Newron sports maxed out 10B A/S, 9.8 O/S currently. 0.2B still in Newron sports' hands. 2B is out from Newron Sports hands outside waiting to come out to market.
When you look at the dilution speed above, to dilute 3B, twice, it took approximately 5-6 months. Now 2B is missing, left from Newron sports, but not in market. I believe this 2B missing is on convertible debts of small cap funding creditors. If then, they will soon to be converted to shares to come out to market. If then, accoarding to previous dilution speed, it may take 3-4 months to convert them all. After then, NSPT may go up if A/S is not increased, or will stay maybe 1 year more at 0.0001 because next A/S may also double to 20B if they ever do.
If anyone believes Robert Ritondo's 'private insider money source' he said in Levelheaded' email, this will not make sense. But I believe he doesn't have any that much insider power, but selling shares to small cap funding bank. And that's what's printed.
Levelheaded, can you please ask just two of below questions to Robert Ritondo one more time? I contacted the investor relation guy, but he doesn't even know well about the company he's working for, doesn't know what % of patent ownership of technology. I tried to contact Robert Ritondo, but he doesn't reply, don't know why, maybe my question was like a pin-point?? please ask these two questions. The answers to the questions will clear all doubts making many people to buy NSPT.
1. How many convertible debts were sold to small cap funding service among the increased 5B shares from last stock split?'
If it's ~4.8B, then the above senario is more likely. If less than that, probably NSPT moves a littl earlier than that.
2. Will the company increase A/S in future?
As Robert Ritondo said to your replay, he sounds very confident, he won't increase because he has so much money coming from insiders and sales revenue.
If these two questions are answerred positively, I like to buy holy hell lots.
In his previous PR, Robert Ritondo said, there is no reverse stock split in future. But did he say he won't do anymore stock split raising A/S? As records say, with that speed of rasing A/S, he probably may start series of stock splits again heading to or soon after new year 2011. It can be 20B, 30B, even more.
If he really gets fundings from insiders' non-dilutive private sources, he should've not done stock splits raising A/S and maxed out in such short period. printed records show total opposite to what he says. If he says he won't do any more stock splits raising A/S, then what he answered to levelheaded's questions will make sense. Will he confirm no stocksplits? I doubt. What if he says no more stocksplits, then? He must be lying.
I'm sorry for being such negative, but as I've followed NSPT, if I go a little deep, most of time, the conclusion comes such way, but the reason why I come back to NSPT is because I like the products and feel sorry such good products getting killed by the NSPT. When I see the pps moves such ugly, no bid and keeps hitting 1's after fakeup, I always wished the stock I've looking at is Newron Design, not Newron Sports and Robert Ritondo gets out from his position. But that's what it is, Newron Design may succeed going forward with Newron Sports, but for the company public presentation, I can't erase my thought that they chose the wrong partner.
Great work, thank you! But some of very important questions, he avoid to answer, not clear, sounds even false to me.
For 5)
====================
5. a) Since the company is not exactly income rich
how does the company come up with money
to pay for the cost of manufacturing?
- all the insiders have made a long term investment in the technology and the marketing of this company. the bigger picture is what we are striving for.
5b) Is the company raising cash
by dumping shares on the market at .0001?
- no, our positions are restricted. we inherited some shareholders from the previous shell that had anti-dilution clauses. we believe their positions have been reduced substantially and been placed with solid shareholders like yourselves. we have also convinced some of the other debtholders on the long term vision of nspt. we believe with what we are working on ie- joint ventures etc the prospects are very promising
=====================================================
5a) Insiders seem to have unlimited private non dilutive funding source to operate the company with every quarter loss. Actually, he didn't answer the question for 5a), but what he thinks. The reason for a private to come to public is only one reason, to get funding from public. We give them money by buying stocks, they operate on them.
5b) I'm fine with those compensated shares to their employees restricted, and it's all same to other companies. But I think dilution is not mainly caused by inherited old shareholders he's talking. When Robert Ritondo was in the company, they did two stock splits raising from 2B to 10B A/S, and maxed out almost all 10B in 3 months. Go to nvsos.gov/sosentitysearch and look for the stock split records. It's as following;
6/11/2009 filed. A/S 2B to 5B
1/08/2010 filed. A/S 5B to 10B
Then maxed out almost all in April/2010.
I don't understand why he blames old shareholders inherited from the shell, but it's less than 20% of current A/S and they already sold out far before this stock hits 0.0001.
For 8)
===============================
8. Your contract with Newron Design
Who owns Newron design?
Is primarly owned by Alain Roy and Robert Ritondo
====================================
The percentage of owndership of Newron Design by Newron Sports is very small. It's on filing in pinksheets.com. All the patterns are owned by Newron Design, so, they can say Newron Sports also own the pattern, but with such small ownership, I wonder they can't claim anything if there's any buyout such as Adidas people here getting excited.
It's all specified in filing in pinksheets.com. And it's very simple. Newron Design=technology, patterns. Newron Sports=distributor.
For 9)
==============================
9. About your press releases that announce sales orders
Could you explain to me why
you did not include the actual dollar value of the orders?
- in a lot of situations we have signed confidentiality agreements until such time as the skates are delivered. even though we dont have audited financials we dont want to be in any position whereby in the future we have to backtrack and restate any numbers. unlike some companies we are very conservative with our numbers and with how much we disclose on our financials.
=============================
Many companies reveal their contract amount in PRs, some reveal client's name, some don't. Contract amount is the indicator to value the company's performance. For his comments on financial part, basically he says he doesn't want to reveal the exact amount, not for current contracts, not even for previous contracts and revenue numbers in financial documents. This answer is worse I've heard ever from any CEO. It's simple. Their quarterly report says it all, less than 4k per quarter after two year long PRs of exciting major contract orders.
For 12)
===============================
12. About the monies raised from stock sales?
What percentage of those monies are being used to promote the company
and or help improve the product?
50% More? Less?
- the company has not raised any money through stock sales. the debt holders were inherited. we are working with what we were given. we have worked very dilligently to sell our vision and long term strategy. this company continues to be self financed by people who believe in the long term vision. with our technology we believe the inline skating market is ours for the taking.
========================
I guess 5) answers this. And he spent most of words for this 12 question with non relevant topic. And the relevant part sounds not true to me according to 5).
Overall, I thank Robert Ritondo showing his diligence to answer the questions, but his answers to a few very important questions were not clear, avoiding to answer to the question's point, sounds even not true to me.
For the member, levelheaded, I thank you very much doing the communication with him.
What I know about NSPT after my own DD.
I got burnt once long time ago and while I owned this stock, I did fair amount of my own DD because it's natural you do more DD when stock price goes down and you want to convince yourself buying the stock was not the bad choice.
What I do know about NSPT is this. This is not pumping or bashing, I'll only state what I think after my own DD.
1. The product is very good and can obsorb impact which makes the user feel like skating on ice. The technology is simple, seperating the 4 rollers to two parts, this increases the comfort of riding. I liked it and one of my friends who likes riding roller blade, said he likes it and orderred one more for his sister.
2. Newron Sports (NSPT) is the exclusive distributor of Newron Design's products. Newron Design has all the patents, Newron Sports(NSPT) has the right to distribute on North America and Canada. I see some guys here say NSPT has the patents, but it's wrong. Newron Design has the patents. And this stock is not Newron Design, It's Newron Sports, the distributor. Newron sports ownes only 10% of Newron Design ownership.
3. The company has done stock splits multiple times in 2 years, increasing from 500M to 10B and they dilutes pretty quick. Now o/s is 9.8B(this is what I heard from someone's posting here) and A/S is 10B( You can confirm this in Nevada Secretary of State website. www.nvsos.gov/sosentitysearch). I understand this because NSPT is a starting company and needs to deliver needed fundings from public. But I thought diluting speed was too fast. Now Robert Ritondo said in pr(since the only fulltime employee is him, I assume the writer is himself. They have 1 fulltime employee, 6 partime employees, stated in filing), the company won't do anymore stock splits. But then, how will the company acquire the needed funds when A/S is maxed out in just a few months after it's increased from 5B to 10B? In multiple PRs, he stated lots of retailor contracts, but those PRs are not different from the ones he wrote 2 years ago. Without doing stock split, either increasing A/S from 10B to 20B or r/s, I don't see any way he can secure fundings to cover operating cost and expansion he wants.
4. Robert Ritondo also stated the company focuses 100% on technology development. This is violation to the agreement between Newron sports and Newron Design. All the patents and product development should be done by Newron Design, Newron Sports distributes. Why does distributor focusing on product developement?
5. NSPT is restricted with Etrade and TDameritrade. TDameritrade says, they spotted suspicious trading with the stock so they had to restricted to buy the stock. I guess there are more brokers restricted to buy NSPT because of their reasons. If then, now o/s is almost 10B, then to lift pps from 0.0001 to 0.0002 and keep it stable on 0.0002, I guess it needs more than 1B buys on 0.0002 on one or two days to clear asks on 0.0002. With restriction with multiple major brokers, it will be very tough NSPT will see the buying volume. For NSPT to go up, those restrictions should be lifted ASAP.
I haven't bought NSPT yet and I think it still shows selling on 0.0001. I sent an email to NSPT investor relation guy to get answers for the above questions before I decide to buy again and his email address was info@pennymover.com. I don't know why the investor relation has such domain name. Anyway, no response yet.
Overall, NSPT's productions for distribution are good, innovative, but the circumstances are not favorable yet. If you bought, GTLA
SSHS correct/trend reversal pening 0.0003
chart: http://picasaweb.google.com/lh/photo/i6SWEjjqSeqy9if1ht0sRg22gT1jL7MZxPG1A2D2xS0?feat=directlink
0.00025 is on the support of downtrend line.
2nd 5 downtrend wave group should be completed here initiating next bull for correction (3 waves) or trend reversal(5 waves).
And this point, buy and average down may turn 50% ~ 200% gain.
GTLA
MMUH, Trend reversal pending.Load up team!
MMUH makes bullish daily chart since 4/22. It has low float(A/S 500M)
and pps is very low(0.0016~0.0018) and when it runs, it goes up by big
gaps. The company made 180% more revenue in 2009 than 2008.
Chart: http://picasaweb.google.com/lh/photo/sgiceFjPJJA-o93KLhcV8A22gT1jL7MZxPG1A2D2xS0?feat=directlink
Technical:
-1st and 2nd Downtrend resistances where broken and pps is going in
flat for 3 days.
-RSI, Stochastic: 25 lines were broken up, trend up since 4/22
-Volume technical Indicators: CMF, MFI, AD trend up since 4/22
-Volume: Selling volume decreased, dried up, 3 day positive
volume(first time since Feb), trending up
-Candle stick: 6 day bullish doji and long white candles.
MMUH Elliot waves applied:
http://picasaweb.google.com/lh/photo/r68QAn11eh1nFNZBivNetg22gT1jL7MZxPG1A2D2xS0?feat=directlink
1st Downtrend: 60 points.
2nd Downtrend: 29 points.
Next wave group is either correction waves(3 waves) or trend
reversal(5-7 waves) toward upside. And I think this wave group will be
much more than 29 points, because the 2nd downtrend wave group was
smaller than 1st downtrend wave group.
http://picasaweb.google.com/lh/photo/r68QAn11eh1nFNZBivNetg22gT1jL7MZ...
Resistance: 18,25, 30, 43, 66
Support: 15, 11
current pps: 0.0016~0.0018
MMUCH may initiate heading to Wonder land + Bullish chart.
MMUH makes bullish daily chart since 4/22. It has low float(A/S 500M)
and pps is very low(0.0016~0.0018) and when it runs, it goes up by big
gaps. The company made 180% more revenue in 2009 than 2008.
Chart: http://picasaweb.google.com/lh/photo/sgiceFjPJJA-o93KLhcV8A22gT1jL7MZxPG1A2D2xS0?feat=directlink
Technical:
-1st and 2nd Downtrend resistances where broken and pps is going in
flat for 3 days.
-RSI, Stochastic: 25 lines were broken up, trend up since 4/22
-Volume technical Indicators: CMF, MFI, AD trend up since 4/22
-Volume: Selling volume decreased, dried up, 3 day positive
volume(first time since Feb), trending up
-Candle stick: 6 day bullish doji and long white candles.
MMUH Elliot waves applied:
http://picasaweb.google.com/lh/photo/r68QAn11eh1nFNZBivNetg22gT1jL7MZ...
1st Downtrend: 60 points.
2nd Downtrend: 29 points.
Next wave group is either correction waves(3 waves) or trend
reversal(5-7 waves) toward upside. And I think this wave group will be
much more than 29 points, because the 2nd downtrend wave group was
smaller than 1st downtrend wave group.
http://picasaweb.google.com/lh/photo/r68QAn11eh1nFNZBivNetg22gT1jL7MZxPG1A2D2xS0?feat=directlink
Over all rating: Bullish (+8 of 10)
Resistance: 18,25, 30, 43, 66
Support: 15, 11
current pps: 0.0016~0.0018