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Can you sticky this post? Should help people make an informed decision. From the last SEC Filing dated March 17
"214,500,000 common shares issued and outstanding as of March 17, 2011."
"Our Current Business
We are a company with no operations."
"Effective November 15, 2010, the Company entered into a purchase agreement to purchase a coal seam natural gas property called the Uniontown Project located in Bourbon County, Kansas for a total of $125,000. This agreement terminated on February 10, 2011 as the transaction did not closed before the stipulated date."
"As of the date hereof, we have not been successful in our development, marketing, sales, installation and maintenance of next generation biometrically-enhanced security hardware and software for identification, authentication and authorization controls efforts."
"We currently do not have any operations and we have no income."
"For the next 12 months we plan to expend a total of approximately $94,500 in searching for and acquiring a suitable business:"
Does this sound like a 380 million dollar company?
This stock is worth less than $0. Tobin Smith got paid to promote this POS. He put an $8 price target on CHTL earlier this year. So you are saying this company that produces nothing will be a billion dollar company? This company is as big or bigger than any other Chinese fraud.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=chtl&insttype=&freq=1&show=True&time=7&x=0&y=0
"Every company started with penny stocks to raise funds" Um what?
99.5% of penny stocks go to 0. Maybe .04% wallow around for a while and merge or get bought, without ever being profitable. About .01% or less become viable companies. TRLG is the only pumped penny stock I've heard of to ever become legit. I think BOOM might have been too. So we're talking 2 out of like 9000.
"The fact that some Major Players are entering the ring, means that there will be something is about to happen for the better." Loooooooooooooooooooooooooooooooool. What major players are those? Very small hedge funds shorting the stock? No one in the world who doesn't drool uncontrollably is buying this as an investment.
If your story is true, good job. That said, I promise that you are a terrible trader/investor. Stick to what you know.
Ummm. Kind of a long halt. Not so sure stock trading is for you.
see my post 4 or 5 down
http://www.bcsc.bc.ca/comdoc.nsf/comdoc.nsf/webpolicies/D402F564DA808FC78825784600056D28?OpenDocument
Trading halt on the Canadian exchanges for KNKT
Counterpath has half the market cap of KNKT and PNI Digital has a third of the market cap. Eduverse does less than 5 mill in sales and has been around since the 90's. Right now KNKT is just an idea. There is absolutely no reason to believe it will ever be profitable. Why are they spending a zillion dollars to pump the stock up. What good company pays to advertise their stock? Shouldn't they have put that money into the business for either advertising or production?
KNKT Chart: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=knkt&sid=0&o_symb=knkt&freq=1&time=7&x=30&y=11
TNGS Chart: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=tngs&sid=0&o_symb=tngs&freq=1&time=7
Looks like they are using a similar buy programs. These pumps used to peak around 120million market cap, but it looks like the pumpers are getting more sophisticated. AMPW hit 200mill and so did HHWW. Not really a bold prediction but I wouldn't be surprised to see one or two more up days with 9 mill+ volume before the 50%+ two day drop. This is especially possible because insiders control at least half or more of the outstanding shares. I would guess that would make it easier to manipulate shares upward. Then again it could gap up slightly and dump Monday morning so who knows.
I can't believe anyone actually believes there is real technology here, but for the naive I'll post why that isn't the case. The CEO has been involved in multiple defunct pink sheet companies. XTEN and Kunekt's credit card processing business that never produced $1 in revenue in 3 years.
Taken straight from their 10-k
"As of January 21, 2011, we have not entered into any formal agreement with these manufactures and we have no guarantee that any manufacture will develop our products. Our plan is to sign a distribution agreement before engaging a manufacture to produce our products. Upon the signing of a distribution agreement, our management anticipates that we should be able to engage one of the manufactures in China with whom we have been negotiating to produce our products." That would seem to seem to contradict IR specialist Andrew Barwicki's email that is stickied. If you google his name. He has worked with some real gems of companies.
Also "As we have been issued an opinion by our auditors that substantial doubt exists as to whether we can continue as a going concern, it may be more difficult for us to attract investors.
If we do not obtain adequate financing, our business will fail, which will result in the complete loss of your investment."
"We anticipate our ongoing expenses over the next one year to be $1,200,000 for the one year period. We require additional financing in order to maintain our corporate existence and status as a reporting issuer and implement our business plans and strategy. We intend to raise additional capital through future debt or equity financing."
What do you think is more likely: This company has a great up and coming concept and is hugely undervalued at $140 million or that this company, that has spent well into 7 figures with advertisements like this http://www.thestockadvisor.com/featured/021111KNKT.html, has zero revenue, and who has 1 employee that has been involved in other failed deals and lives in Vancouver (p&d capital of the world) no less, is just another penny stock that isn't even worth the virtual paper that it isn't printed on.
Technically, that's the case. However, because these companies are going public through a reverse merger, I believe they can price the initial price wherever they want. Insiders typically hold the majority of shares initially. The problem is that if they don't create some demand initially, any selling they do will drive the price down very quickly. If they price too high it will be difficult to create demand. If they price too low, they won't make as much as they otherwise could make once the promotion hits. When these companies do elaborate promotions they want to price the stock as high as possible that will still allow for some runup which will create buying interest from momentum traders and total suckers which will create opportunities to gradually sell without killing the share price.
Promoted stocks that are worth less than zero tend to have sharp sell offs after parabolic run ups. I'm sure its been mentioned many times before, but Johannes Petersen was involved in two other elaborate promotions with SILA, which seemed to last forever, and AMNP. Both are on the death march to 0 now. This pump is 6 months old now and has a market cap of 125 million. It wont be long before the final collapse. Before I get flamed, yes I'm short. I want to help pound this garbage down to as close to zero as possible.
Give one instance where shorting has hurt the US economy.
From last 10-k
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7235272-875-315242&type=sect&dcn=0001467809-10-000102
1 employee-page 17 under employees section; although I see they hired someone August 9; not sure how 3 EE's vs 1 change anything though
2.2 million spent on Investor Relations-page 34 including 1.1 in 2008 including a pump from Lebed in the past
I shorted green to red the first down day and covered the same day and haven't traded since. The stock is on Reg Sho right now so it would be hard to initiate a new position. Choppy chart anyway. Not sure what a Dept. of Energy grant has to do with anything.
How does this make the company frugal? The CEO is the only employee and the company has never produced a $1 in revenue in 11 years. I guess by frugal you mean he doesn't spend money on R&D but he has spent $2mill on investor relations.
This company could have a cure for AIDS, cancer and help people lose weight and I would still be looking to short it. This is a model of bulletin board short sale. Great story. Nothing on the balance sheet to back it up. Extremely overvalued. I was hoping to see it spike more so there would be more downside and more shares could be borrowed.
80 million dollar market cap
300k book value
zero revenue ever
7 million in accumulated losses
1 employee
nice promo on CNBC
guess that means strong buy? obv some revolutionary windows
What is his track record? Hiring stock promoters to pump up a stock with zero assets and zero earnings to a $100 mill market cap? It is nice that he's a Michigan grad, but not really seeing that great record. Also, could you name just 1 company EVER, not two,just one that went from $.01 to being legit. Just one will do.
It doesn't look like the stock has ever been promoted:
http://stockpromoters.com/view_promotions_by_symbol.asp?promoted_symbol=KBLB
http://www.investorslive.com/2010/09/27/why-i-think-kraig-biocraft-laboratories-inc-kblb-ob-will-end-up-halted/
http://www.hotstocked.com/article/2968/kraig-biocraft-laboratories-inc-otc-kblb.html
I always wonder who the gullible people are that buy this garbage. Whoever you are, thank you.
What are you interested in? Losing money? Track record and fact based post please.
I'm sure this time is different. Stocks that go vertical on speculation never crash and burn.
roughly 435 million share float * $.18= 78 million dollar market cap
company has zero revenue, negative book value, the company was in default in loans from 2007, 2008, and 2009.
Read this for chrissake. http://finance.yahoo.com/news/Liberty-Star-Receives-bw-399152840.html?x=0&.v=1
Then a month later they magically strike this deal. http://finance.yahoo.com/news/Liberty-Star-Pays-out-bw-2366753586.html?x=0&.v=1 The company would have been in liquidation had they not found someone to lend them money.
Then one day later this promotion comes out from xtremepicks. http://www.otcmarkets.com/stock/LBSR/news
Look at this page on xtremepicks from today, a stock promotion site. http://xtremepicks.com/portal/wp/. Its all LBSR.
The company issued stock options for 3.8 cents /share as compensation a few weeks ago. What does that tell you about how much Mr. Briscoe values the company at? http://biz.yahoo.com/e/100811/lbsr.ob8-k.html
The company has had 3 name changes since being incorporated in 2001.
Reminds me very much of this company:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=sfmi&sid=0&o_symb=sfmi&freq=1&time=7&x=0&y=0
or this chart
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ntmg&sid=0&o_symb=ntmg&freq=1&time=7&x=0&y=0
If you had unlimited resources would you pay $78 million to own this company? I mean seriously. I'm not exactly Sherlock Holmes. How am I the only one who can see this?
What do you like best about the company? Is it the no revenue, or large debt? Or its resemblance to another company that retired a large number of shares?
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ooag&sid=0&o_symb=ooag&freq=1&time=7&x=0&y=0
Why .90? Are they announcing a reverse split or something?
LOOOOOOOOOOL at using indicators on a pumped penny stock.
Looks like an exhaustion gap to me; if it doesn't break down today or tomorrow you might be right; looks like an okay spot to take a small short position right now though.
I will bet my future lifetime earnings giving you 1000000:1 that this stock will be trading at .001 before $104.
Is shorting not legal? You realize this stock was a pump and dump right? No different than STTN or NUSMF or the 100's of stocks that get pumped every year.
The bottom line is these people are all terrible traders. Whether you like the company's fundamentals (which is completely lol) or not is irrelevant. Only price pays. A lot of the same people who touted the stock a month ago are still touting the stock. Anyone competent who was long the stock a month ago would have been out of the stock 29 days ago if they had any respect for risk management.
Above average chance to see the stock retrace to .55-.6 since it held .45. It may even go higher because the market cap is so low. Eliminating fundamentals from the discussion (which I believe to be nonexistent, though some may disagree), the pressure is going to be substantial to the downside eventually. You have a stock that is 40% controlled by insiders. Just a few weeks back there was no market for their shares (See Volume from May 12 onward http://finance.yahoo.com/q/hp?s=NTMG.PK+Historical+Prices ) These people control $8 Million dollars in a company that has never produced revenue but now has a market and liquidity . Even under the rosiest scenario where the insiders believe they have a legit business, they are going to sell shares. Most likely they are going to dump heavily. The company has zero cash. Operating mines costs money. This makes a dilutive financing inevitable. Finally the volume is in the millions. For a stock to continue to have fuel, it has to have buyers. When was the last time you saw a penny stock that maintained volume in the millions for a substantial period of time. At some point people lose interest and there is only so much artificial insider buying and selling to create volume (of course that never happens with otc stocks because these people are so honest and ethical.) There is only so much news a company like this can release. Even if they are real, they aren't projecting revenue until 2011. Volume is going to dry up well before 2011 and the share price will inevitably drop just by sheer lack of interest. I think the company is totally FOS and will not be profitable ever, but even if they are the share price is still going to be lower in the coming months than it is now.
definitely not short now; do have shares reserved and eagerly awaiting first day that this stock goes green to red or opens red big. I probably should be long because the stock still can run farther, but a 30%+ down day is an almost certainty irrespective of the company's fundamentals; only 25 mill market cap could easily hit 50 mill market cap but going to be somewhat difficult because recently began trading with volume at such a low price. The story, balance sheet, and chart pattern very similar to SFMI http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=sfmi&sid=0&o_symb=sfmi&x=0&y=0
Maybe I'll be wrong on this one. Wouldn't bet on it long term. Certainly money to be made on the upside and downside though. At least you are open to another view.
I'm sure this time is different. Here are the other Cohen Research/Grass Roots mining stock picks:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=amnp&sid=0&o_symb=amnp&freq=1&time=9
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=amel&sid=0&o_symb=amel&freq=1&time=7
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=sila&sid=0&o_symb=sila&freq=1&time=7&x=0&y=0
More Picks Non-mining companies:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=blgw&sid=0&o_symb=blgw&freq=1&time=8&x=0&y=0
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=aeny&sid=0&o_symb=aeny&freq=1&time=9
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=grpr&sid=0&o_symb=grpr&freq=1&time=8
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dtro&sid=0&o_symb=dtro&freq=1&time=8&x=0&y=0
link to info cobra oil and gas,another cohen pump. Unfortunately no longer shows up as the old ticker. it now trades under vprs. For all you people who value invest penny stocks this gem is trading at a 50% discount to book. Probably a buy right?
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=vprs&sid=0&o_symb=vprs&x=0&y=0
To Kenner: Do you really think someone was dumb enough to lease this property for 400k in NTMG debentures if there was $55 million dollars in gold do be mined? You are telling people to do DD. What mining experience do the 2 employees of this company even have? You're telling me that these guys are just so smart that they found this property that no one else was able to see for the last 25 years and they are literally sitting on a gold mine? Maybe that's true. I tend to think the stock is being manipulated upwards and will have a day within 2 weeks where the share price drops .15+. This will be in the teens by fall or earlier. (Don't like making bold market calls but the chances of this happening are basically 100%.)
I absolutely think the price can and most likely will go higher. As far as the company's future, what do you think is more likely: this company that pays people to write fluffy research reports, has zero cash, has failed over and over, has mineral properties they value at 400k in SEC filings is worth $40 million as Cohen says or this is a company whose only real value is a hyped up stock.
For those of you saying things like "gee Glenrice, this company seems like a scam", or "this company has $7 million in cumulative losses and has changed business 47 times, has produced no revenue,and has $2k in cash. Why would I want to buy this company?" To those critics I say buy this company. Another little company with nothing going for it produced this chart:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bgbr&sid=0&o_symb=bgbr&freq=1&time=7&x=0&y=0
Why not our beloved NTMG?
Link to new research report.
http://www.grassrootsrd.com/grassrootsrd/Reports/NT_Mining_Corporation_06_08_2010.pdf
This company is really doing their homework and is doing a great job. Usually it costs hundreds of thousands of dollars to effectively pump a stock, but they've enlisted the help of a cost efficient yet effective pumper in Paul Cohen.
He's effectively pumped high fliers that I've been able to short like BLGW, AMEL, and SILA. And with a track record spiking others like AENY, GRPR, and AMNP, I think we've got a winner folks. And for those premature shorts out there the market cap is only 20million dollars. This little guy has more room to run before it crashes and is stopped being listed on the Pink sheets. GL
Thank you Jonathan Lebed Jr. Its very kind of you to share your insider knowledge in previous posts on a public message board. I can't wait for the stock to hit $25.
Stock can definitely move one way or another. Maybe a buy if spikes above .75. Not really counting on that though. Stock is up 50% since June 16th on news of a financing where they are issuing bonds that pay 10% and shares at 18% to par. Only in bulletin board land.
I would love to see one more spike to short into on this stock before it falls off the mountain.
The odds that this stock will fail are about 99%. The CEO has failed to make at least 6 different business ventures work (quick google search shows this). Yet somehow he seemingly has the money for this venture. I wonder why that is?? The new CFO, Tom Ridenour was involved with this company: http://www.ftc.gov/opa/1998/10/nationwide.shtm, a seemingly defunct pink sheets company http://www.sec.gov/litigation/admin/34-50763.htm , a company called VuBotics ticker VBTC (which appears to be just rocking), and Pierre's precursor to SFMI, Dicut.
This turned up for Christian Quilliam http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/00508.html , a boiler room, health insurance scam.
Pierre and Allan own almost no shares but the largest stakeholder is New Vision Financial. It would be interesting to find out who owns this company, except you can't because its based in the Virgin Islands, a tax haven that doesn't disclose anything about corporations like the United States does.
Other random things: Why do they have a New York office and why did they pay the lease with 1.25 million shares? What are $1.2 million dollars in consulting fees being spent on for the first quarter of 2010? The mining property itself is valued at less. They certainly aren't spending that $1.2 million on mining engineers. The last I saw they were using 100 year old data in press releases to substantiate how much gold is in the mountain.
The press release yesterday said that SFMI used the proceeds from the historic tailings to make the first lease payment. Really? Who have they sold $83,000 worth of gold to? Wouldn't that have been announced in a prior press release? Kind of weird that GoldCorp Holding Co has an almost identical name to Goldcorp inc one of the largest mining companies in the world.
You can indeed short Pink Sheet stocks. They are tougher to get borrows. There only 6k shares left at IB right now which only amounts to $1800.
The absurdity I referred to was in regard to PNTV, a stock that subsequently dropped 50%.
MOPN certainly can become a huge success. The odds are heavily stacked against it though. I've read multiple posts saying management is competent. Considering the company hasn't produced revenue since its existence, I don't see how anyone can say they have confidence in management. If I set up a lemonade stand and made 5k over the summer, can I take my stand public and achieve a $35 million market cap?