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If he is then none of what we heard and have been reading in PRs is really happening. I hope I'm wrong, I would LOVE to be proven wrong.
PLEASE USMJ; prove me wrong!
If Phillip Verges/ Savannah East Africa is anywhere near this company it is doomed!
Show me a Q with revenue from what he said in the presentation then I'll believe what I heard.
Hey Steve are you still reading IHUB? Not much to read is there? You are sitting at .0001 and 100% of your investors think you are somewhere between a rock and a worm.
And you have nothing to say. Its exactly what I said; you walked away from investors a long time ago. You sucked as much as you could then bye bye. Wonder what your Hollywood friends think of you?
Guess what, I haven't forgotten....
If they answer those questions and add more stuff to what looks like a growing business in one of the hottest sectors; look out. We could be on the ground floor of something HUGE.
I'll be looking forward to what they say on Tuesday. It seems like things are going in a great direction but there are things that need answered.
I've been searching for the 8K and came across this from Hot Stocks.
"USMJ being a pink sheet, there is no 8-K filing detailing the deal and the press release makes no mention how a cashless company paid for the acquisition and what the exact terms of the deal were. One thing is almost certain – it's very likely that USMJ currently has a bit more than the 48 million outstanding shares it last reported. Yesterday's daily volume of over 56 million shares should give careful traders an indication of what may be going on with USMJ's share structure. There is also the odd Schedule 13G filing dated May 8, 2015 which refers to USMJ using its old name – Savanna East Africa Inc. – and indicates that as of that date the company had 66 million outstanding shares.
As of its last report for the quarter ended March 2015, the company was cashless and had not generated a dime in revenue for years on end. The company did a 1-for-20,000 reverse split in 2013."
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My question is: Is this a typical penny stock that comes out with great sounding news and the SP goes into the low penny's and everybody goes crazy for it, makes some money and then it crashes because none of the news actually happened? And another group of penny stock bag holders are created?
Rash needs to tell his investors why an 8K hasn't been filed and how he paid for it. Saying that the SS will be discussed in the Qs and PRs doesn't cut it for me. If there is nothing to hide then why not just tell us?
Thats great, then why not release the up-to-date current share structure? Verify everything for their investors they have done with the share structure.
Has anyone seen an 8K filed for the acquisition?
Thats great that you can post company info. How about starting with a link for the 8K that should have been filed for this material event? The other info would be the current share structure.
When do they file an 8K for this? Or has it already been filed?
When we see the PR for the acquisition, doesn't it need an 8K (I believe it's called) filed with the SEC?
It would be interesting to see exactly what the share structure is at the time of this event.
You're right, he is the master. The worst of the worst; which I guess makes him the best. lol
SS walked away from his investors a long time ago. Any revenue that was produced went someplace else.
Typical penny stock scammer.
You're wrong about me but I pretty much know your purpose. Cheerleader and don't worry about the hard questions. I've seen it many times.
Trust everything a sub-penny stock CEO tells you? Right.
Thanks for the reply. I'm just frustrated, hearing great news seems like ALGA is going in right direction
I got banged on when I said proof is needed. News hasn't been enough. People are tired of believing what penny CEOs say. The proof is in the filings.
What a joke this is. His day's coming.
Good news lately; but down down it goes. I guess the investment community has spoken about the validity of the news.
P.T. Barnum
Not one thing he has ever said has resulted in one penny of shareholder value. There have been numerous launches, tens of thousands of homes getting his various networks, 2 networks on Filmon.....
NOTHING HE SAYS HAS EVER COME TRUE.
Trying to remember..... how many launches does this make? A good many the last few years, NOT ONE has panned out, NONE, ZERO.
Old SS is "ofer" in launches. The only thing his launches do is sell shares to people that don't do their homework.
Thanks Drakon for digging into this. All I'm trying to say is I want to see some proof, you say you have bought the drink and are aware of the farming, that's proof enough for me because you seem to deal in facts. Blue Rhino IS a big deal, I've been exchanging tanks with them for years.
I have seen too many penny companies, as I'm sure you have too, talk about partnerships, deals, new products, that never make a dime of revenue.
Maybe you're right, this guy finally has a company he can lead to success. But I'm not following blindly, nor am I believing everything I read. I invested because I like the sector and because I don't have the money to buy 500K of"Apple".... I'll buy more when I see tangible progress in revenue, if it costs more so be it.
I'm not a "to da moon" or "all the way to Vegas", or "touchdown" person.
They haven't executed anything yet. Once more; if revenue doesn't follow all this good news then what's the point. Seen it too many times, big plans fall through.
Every board has a few people that think everything they read is real and will happen just because the company says it will. I'm going to question it and not follow blindly.
My post was NOT an attack. It simply pointed out other companies the CEO of ALGA has been involved with. That should make us all a bit nervous.
Will he execute a successful plan this time... If revenue is shown on a Q. All the talk and PRs mean nothing if there isn't revenue on a Q and a share structure in the stratosphere.
I like the direction I see and it looks like things are going in the right direction. BUT I'm not blindly believing everything I read. Prove it with revenue.
Google him, pretty easy information to find. Don't get me wrong I like what I am hearing, BUT his track record is hard to ignore.
Two of the companies Steven Rash is listed as being part of are delisted, American Biomed and revoked, Power3 Medical.
Makes me very nervous about what we are hearing about ALGA.
Just bought more, not ready to jump all in but am hearing enough to be optimistic.
I do owe SS a big thank you though. He taught me about penny stock companies. This is Vegas, pretty much everything is a wing and a prayer and NEVER trust what the CEO says.
I'm sure there are some legitimate plays out there and some CEOs that are really trying to increase shareholder value.
SS isn't one them, never has been never will. Flat out awful.
I'm guessing our old friend Perchy, whoever he or she was, checks in here once in awhile and gets a good laugh. Pretty sure he/she made a killing a couple years ago, $100,000 +++++ Pumped the heck out of this, bought a bunch and sold at .05.
Have to give them credit, expert trading, only most of us were left holding the bag.
I hope you are right. Lots of good news and a falling share price.....
Sure its a "company", except the revenues go somewhere else. Not one single thing he has said has produced revenue that helped shareholder value.
Not one single thing! Everything he has told us about has fallen through.
It certainly could be a life changer; again.
yeah, a launch of shares into the market.
PT Barnum had it right
Yep, ole Steve has it going again. More suckers are being created.
Low float is a result of 4 reverse splits.
Another launch, great. How many launches has it been?
Remember the ad sharing story from Filmon? What happened to that revenue?
Are we playing hide and seek with revenue?