Still going strong
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That is insane...a billion shares at .0003 is $300,000.00.
Talk about sunk costs!
Where is everyone?
Over 4M traded at ASX but 0 here. Any ideas?
Help me...who buys 1000 shares for 40 cents. Why such a big trade and spend $4.95 to get 40 cents worth of garbage?
Makes no sense and need help to understand this trade...is it some sort of signal for the day?
So from year-end 2017 to now they dumped 5.8B - 1.6B or 4.2B which averages 140,000,000 shares per month...think you have pretty much confirmed my analysis.
How can this under any argument benefit shareholders, i.e. king gong longs? This is like buying bad after bad while kidding oneself things will surely get better. SMH big time.
SMH...what might be beneficial with 5.8B outstanding shares of which over 3B dumped in less than two years?
So in the past 13 months during all the hoopla a discreet 1 billion shares have helped dilute the share price to .0003/.0004. This dump of over 75,000,000 shares per month has put a lot of lobster dinners for management at the expense of king gong longs i.e. like boiling a frog in water!
Yep, was in the ASA. AWOL applies to the Longs too. All are in hiding guess this will eventually consolidate to .0003 before diving to zero.
Why isn't this page updated and O/S shows only 4.8B when true number is 5.8B? Guess there is no interest to updating info as it will look worse than shown.
How about AWOL...
Locked and loaded waiting for not just this news but continued good news months to come!
A r/s to .64 or any split doesn't solve the Astra-nots problems. The new name inherited the 12.9 billion Authorised Shares. In rounded terms 12 billion shares priced at .0003 equals a Market Value of $36M or .0004 equals $48M. Does anyone really believe this stuff is worth $50M, $36M, or even $25M. Astra-nots is not worth $0.0004 or $0.64 given a 1600/1 R/S. Who even has a million real dollors that would buy this company lock, stock, and barrel?
Note that Market Capitalization is stock price x O/S shares which is about 5.8 billion. So at .0004 it is $2.32M. Way too high in my estimation.
Well got to be pleased with close to 500K shares traded today. Who's selling at these prices?
Thanks...and trust your numbers are very consetvative. Note the sudden increase in volume here on OTC! I expect report will be out 7/29 in just a few more days.
Picked up another 12.6k shares at .079 and. Avg cost now ten cents. Looking for a nice report showing $40 million plus in revenues for the qtr.
That 1,600 to 1 r/s not only gives you $0.64 but brings total shares from 6 billion to 3,750,000. But only if they retire all those billions of unissued shares to the garbage can!
All is just a thread of hope to the king gong longs because no value divided by no value equals no value...this new Astra-nots will never be worth more than today's. 0004 no matter how you divide the lump and heap of shares.
WRFX next product headed for the moon...I am partnering with 50/50 on bottled cow flatulence that is guaranteed to get them off the ground and position them into the green new deal.
The Astra-nots blast off has been delayed on technicalities...not enough bottled cow flatulence for lift-off.
Well still confused as this was just day to day business unless maybe special share price obtained for the 251M shares?
Agree something else is taking place but why no announcement before halt was stopped?
So why halt stock based on not much news? 35k tons is not news worthy.
All they need is to come out with a new name that no one will copy...."Astro-Nots" more inline with their business acumen.
I never posted 8 billion o/s so you got it confused.
24.5m shares is hardly a dump providing under $5k in cash. More like some longs needing a few groceries.
Not sure but at $4.95 per trade it costs 24,750 shares at $0.0002 current price per share. Imagine is there a worse deal out there?
All the games, tricks, and lipstick won't change a thing...whatever kind of shares will crash and burn. There is no underlying sustainable business.
I checked out the videos and my limited education MBA, 4 advanced degrees, CPCU, ARM, 50 years of business experience including VP and Managerial can't see the light. Suppose you do get $25 x 5,000 per month and gross $1.5 million. After expenses, including salaries, taxes, etc plus distribution to "Privilege" shareholders...the poor common has to share between 5 billion forever diluted shares! Can't you see even with revs this will never jump the price of the current .0003 per share?
I wish you well and hope you have some spread of risk and haven't put all eggs in this basket. I escaped with some losses but have hope of recovery...think you know what those stocks are.
How many different programs will be forthcoming before something sticks to the proverbial dung thrown on the wall? Can't believe that good money would be thrown after bad. Why pump this mess? How much revs do you think will be generated by this "Punch" app and who benefits?
I fear just another bait is being thrown out to feed the fish.
Just exactly what "Privileges" would be retained?
Plus, no matter how great a R/S it means nothing unless there is a legitimate business with ongoing revenues and profits.
How about a 25,000 to 1 r/s with current price of .0002 gives you $5.00 a share. It may sound nice but try and catch a falling knife all over again...
Per Annual Report the Stage II is projecting 440,000 dmt at U.S. $691.00 or $304,040,000 gross revs per year. Not sure how this all shakes out on EPS let alone final market price per share. If your costs of 50% is true we are looking at over $150 million per year ebitda.
Only question is what multiple of earnings we will trade and if $691 per ton remains flat or perhaps hits $950! Regardless a 4 to 1 RS might be in order to get to a more manageable 500,000,000 AS.
The best answer to my own question was found in the company's 1st Qtr report where they received an average of $601.00 per ton. Multiply times 63,706 shipped as of June 5th equals gross revenues of $38,287,306 as of today!
Their stated goal for Stage 1 is 230,000 tons per annum. Times $601 per ton would be $138,230,000 per year.
Got to believe current price per share is a very good bargain. Long and strong!
Picked up 5k more at .077 and finished with 80k at AVERAGE of .10 and out of dry powder for now.
Still looking for anyone to give estimate of Gross Revenues other than my guess of $41 million based on average of $650 per dmt shipped to date.
Per today's release ALTAF has shipped 63706 dry metric tons. I thought the average price per ton is like $650 ? That totals over 41,000,000 in gross revs. How far off is my thinking and am I totally wrong?
Or is 6% of 41 million?
Picked up another 20,000 shares at .082 today based on shipping update news. Paid asking price see no need to mess around.
Not trying to show how OTC works but emphasize the hurdle of so many current O/S common shares. Again, the current price of 0.0002 must be multiplied by 5,000 just to equal a single buck! Thus, a share is virtually worthless and not even worth a single sheet of toilet paper.
The numbers just won't help even if WRFX can start making some revenues. People just can't or won't try to wrap their arms around 5 billion O/S. A $1,000,000 of any profit amounts to $0.0001 per share. Good luck longs.
The only flip now is pay a buck and flip for 50 cents. It is sick to follow the disintegration.
Shouldn't be shocked at no volume or 10, 20, 30, 40, 50, 60, 70, 80, 90, 100 million shares traded would mean not a thing has changed. Maybe if 200,000,000 or drop in the bucket might be a signal one way or the other. With 5 billion shares out there it will take what...10% to send out a message.
Thanks...listened to whole webinar which included excellent questions and reinforced my decision to be here. I'm fully invested 100% all in Roth IRA. Might get more in regular account if price remains at current level.
Have you not read the latest news released? No need for R/S or dumping diluted shares to raise money. They set up Celsus to fish for cash, plus the promise of new class of restricted shares to reward the long king gongs for the promise to continue to give them money money money! All this why WRFX continues their economic contribution to GDP with a total of 1 employee.
Can somebody offer an update?