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I couldn't agree more and I have stayed away from those folks ever since. Still a hard lesson to learn. Good luck.
I agree this is entry stage company but it seems that legitimate companies would respect their shareholders enough to keep them advised and to quiet all of their concerns. I am holding because I have no other option, since I bought at .0066 and now it's too low to sell. My mistake for not doing more research. Good luck.
diannedawn -- hopefully we'll eventually find a legitimate company and make some money. Good luck.
Thanks funny, but you never know. The very first stock I bought was manufacturing a laptop computer that investors were awaiting the news on and overnight the company started selling motorized beer coolers and I guess dropped the computer idea.
I agree with you. After investing in these penny stocks for six months, I am beginning to think the only way to make money in them is to start a company that does nothing and reap in the profits and stick it to your investors. That seems to be the way that a lot of these "companies" operate.
Oh I see...good luck
This was a pump and dump.
I did the same thing as you with the clear understanding that it was a float lockdown and we should hold tightly to our shares. I even asked upfront if it would be a short or long term deal and they said "both". I did all of that and everyone just sold out and the bottom dropped out. I emailed money runners back to see if it was supposed to go back up and the answer was "probably not". Now I know that it was just a pump to get us all to buy so it would go up for them to sell at a profit. Most of the time, I don't trust almost anyone on the message boards, but this time I made a mistake and did.
The iPod Solar Powered Rechargers for the iPhones are really going to be great IMO -- there are millions of hikers and other outdoor enthusiasts who will love the "solar powered rechargers".
This is the newswire that I received this morning on my e-Trade account regarding Walmart and other news:
SpeechSwitch, Inc. (USOTC: SSWC) GREENSMART(TM) Sales and OtherProgress Reported; SEC Filings Update
Jul 27, 2010 10:23:32 (ET)
FLEMINGTON, NJ, Jul 27, 2010 (MARKETWIRE via COMTEX) -- Ken Glynn, President of SpeechSwitch, Inc. (PINKSHEETS: SSWC), announced today that the company has made tremendous progress in the development of its plans for growth and stability, as follows:
1. Sales: Walmart.com has requested that SpeechSwitch contract with one of
its two major distributors to enable it to sell the Kenergy iPhone/iPod
Solar Powered Recharger. Other products will be offered to Walmart.com
over the next two quarters.
2. Sales: An outdoor products retail chain has requested quotes for an
initial order of around 2400 Kenergy iPhone/iPod Solar Powered Recharger
units for initial store deployment, and has expressed interest in the
Kenergy Solar Powered K-Lantern.
3. Sales: Three new lines of full size backpacks, belly packs and women's
designer bags, all with built-in solar phone rechargers, will be offered
in this Fall's featured new products.
4. Sales: A long term lease is expected to be signed within the next week
for the Company's first GreenSmart(TM) retail store.
5. Patents: The second biodegradable disposable bandages patent application
will be filed August 1st as forecast, and the third application, with
co-inventor Dr. Alain Martin (of Listerine and Neosporin fame) is in
progress. A fourth application for a burn treatment wrap that favors
swelling in only one direction has been initialed. This product would
provide temporary artificial skin to burn victims, without the
problematic three dimensional swelling that has previously occurred with
absorbent burn wound dressings.
6. SEC: The Q3 2008, Q4-Annual 2008 and the Q1 2009 Sec 10Q documents will
be ready for outside audit this week. The Q2, Q3, Q4 2009 and Q1 and Q2
2010 documents are works in progress.
"Overall, everything is going better than anticipated. The long-term view of the company -- to have major wholesaling operations, multiple company retail stores and possible franchised stores, and to be debt-free by the end of 2011 -- still appears very realistic," stated Glynn.
Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
Contact:
Ken Glynn
908 788 0077
The WalMart News & #2 on IHUB boards should draw a lot of attention from investors for tomorrow's trading. GLTA
The WalMart news is huge -- as well as all of the other news today.
Thanks -- my biggest problem is not knowing how long to hold a stock.
This is the first time I've been invested in a low-float (or no-float) play. I was reading some of Monk's postings on how much money a float lockup play can make in a short period of time -- now I'm looking forward to this coming week. GLTA
I've been in egil since .003 and plan on holding. I was in CDIV and made a lot of money and think this stock has great potential.
Thank you -- there are a lot of good investments and I hate to see other people get burned like a lot of us did. Still, this is all in my opinion.
New Investors should check out all of this information for themselves to verify it's accuracy. A lot of us lost a lot of money on this "reverse merger" and some people are trying to get their money back by creating a run and passing their losses onto other new investors. I am one of the people with the losses and I don't want to pass my mistake onto other investors.
This is all in my opinion.
Go back to April 1, 2010 and check out all information on EKWX and decide for yourselves.
Please do your own research.
Shame on anyone who believes what you have put in your message.
Everyone should do their own research.
rockytrader -- I couldn't agree more with you. I would love to find out who the company is and what they do and I would like to hear it direct from the Company.
If you run a Google search on "ekwx reverse merger April 2010" there are a lot of messages on the reverse merger.
When the reverse merger was announced around April 1, the stock went as high as .005 and there were rumors of the new owners being in beryllium mining. The shareholders were never notified by the new owners as to the details of the company, such as who the CEO was and what the company actually did -- most shareholders thought it was beryllium mining. As to this date, no one at the company has come forward to notify their shareholders.
The stock has stayed right around .0003/share and I really don't expect anything to happen. My opinoin is that it will stay like this and finally reverse split to .00. That's just my opinion.
I'm never too happy when I pay money for a stock and just lose it.
Disregard the message # - I must have typed it wrong. For all of the messages on the reverse merger, just go to posts dating
April 1st, 2010
Ekwan was a reverse merger into a shell (look at all of the IHUB messages beginning around April 1st of this year -- specifically message #1802506.
Don't know exactly what that means "watch and learn grasshoppers".
The one important thing I have learned from this stock is to do more research and never get into another scam like this one.
Thanks hedge_fun for your post. The same people (or person) pump this stock every day to try to get new investors stuck in this. I have been in it from day one and we have Never received an email of any kind from the company that bought this shell. They just sit back and collect the money. It's good to see other honest people posting the truth.
Dippie -- In response to your post on Sunday as to where did everyone go, I think this is a shell that was bought from someone only to collect the money. We have never been contacted by the person/persons who bought the shell -- even though the SEC gives the new owner a short period of time to contact shareholders with details of the company. On the SEC site that I looked at on "shell" companies, there is a huge risk to investors because this type of thing happens all to frequently.
BRTE is #1 on the IHUB recently most active board.
I totally agree with you with taking 20% profit. The way I lost so much of my investment money was waiting for the large return. Thanks.
Thanks -- I really enjoyed reading your post. I have been trading for about six months in the OTC market and have lost most of my investment and have several losers in my portfolios.
I printed off your email to remind myself regularly as to what I have done wrong.
I go to the VanScan board first thing every morning and at night and look for your posts because out of all of the boards, I have gained respect for your input, Clay Trader and HotStockAce (and probably a couple others that I can't remember at this time).
Again, appreciate it.
I have E-Trade and noted this morning that my new shares are in my account...just a whole lot less of them (went from 1,796,000 shares to 51,315 shares). I just called E-Trade to see if it would be possible to sell the shares on Monday and they said "yes", however, I may have to call and place my "sell" order through a financial representative rather than online.
I did notice this morning that an additonal $20.00 was deducted from my account cash balance and it is for "Hackett's new reorganization fee".....I guess Hackett figured out they didn't get enough by taking most of our shares of stock and they needed an additional $20 from each of us.
To AntiMarketMaker, I also sent my complaint to SEC. I agree that just because HCKI is a penny stock, the SEC should protect shareholders from the outright criminal dealings of the CEO of HCKI. For anyone interested, below is the webaddress of several newspapers who may post articles this week on HCKI's bankruptcy:
www.watertowndailytimes.com
www.uticaod.com (Utica Observer-Dispatch)
www.nytimes.com (New York Times)
I agree that I am the only one to blame for losing my money by not doing more extensive research on this company, but I hope I can keep other people from making the same mistake. I am retired trying to make extra money and I know there are a lot of people in the same situation as me. Hope this helps.