Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No agenda here Noodle. Just frankly stating my point of view which is what I think this board is for. Is it not?
"Even the U.S. is getting that way."
No surprise. Moral decay, political correctness, and an open border policy that has allowed criminals from all over the world to flood into our country as if we don't have enough of our own. Just look at Chicago. To get back on point though, I can't believe how dumb I was to put any of my money into a business located in Mexico.
Just glad I pulled what I could out when I did.
Realizing you've made a huge mistake and salvaging what you can is neither stupid nor petty in my book. Being realistic about what is staring everyone right in the face is how I would describe selling at this point. Sold mine at .0014 and glad I did.
Your last sentence tells anyone all they need to know about Jan and this company.
I think a better question would be- Where is the revenue? This company is just like the person who is looking for another credit card to make payments on the ones they have already maxed out. Debt, debt, and more debt.
Looks to me like they are just laying out the facts of how things are.
Only things that are growing and expanding is the debt and the share count.
Can anyone really secure property in a country like Mexico where the president can be bought off by a character like El Chapo?
I would think that alone would cause any potential investor to avoid this like the plague. I'm also thinking that anyone in a position to sign off on a bridge loan would feel the same. I'm sure they must do their own DD before putting their name on the dotted line.
Anyone who has lost money here has paid the price of admission to say what they wish and just may be doing a public service if they cause just one person to look a little harder at this before risking their money. Whole lotta owing going on here.
More shares and more debt. The hole just seems to be getting deeper, doesn't it.
Could also be someone contemplating the possible implications of a shutdown and sealed border.
That's right! We just need to wait for the Sept.-Oct. 2018 time frame for the explosive announcement of govt. approval of the Cielo Mar project and we'll be good! Pennies for sure! Right?........Right. lol
I believe the term that applies here is "Lying by omission."
Negotiate a contract with EXIT contingent on govt. approval and then never talk about the approval part with shareholders knowing that flippers and a large group of lemmings will drive the price up just on word of the contract.
Govt. approval was supposed to have happened in the Sept. to Oct. time frame of last year. We should have at least heard a reason for the delay by now if things were on the up and up. imho
Has anyone here seen the written contract between Jan and EXIT?
I'd like to bet that if it exists, it is contingent on govt. approval for the project. Could it be that if there is no approval there is no contract? Just asking.
Twelve stock trades and less than 4 million volume. Looks like the seagulls have left the parking lot. lol
Seagulls do provide a valuable service as do buzzards. lol
All of these flippers that have shown up here kind of reminds me of all the seagulls I see picking through the garbage at the local Jack in the Box parking lot every morning.
Unlike a lot here, I didn't lose a vast amount on this. Just enough to learn a lesson that you talked about in another post. "You don't invest in penny stocks you trade them." I believe you've converted me.
You might already have them. Sold out at .0014.
Was just waiting for the Q to come out and see what it said.
"At this time"
More weasel words. We should have seen it long ago.
If it looks like a duck and quacks like a duck..........
We've been had.
"We have no plans for increasing the authorized shares at this time."
Weasel words.
Lol. Every deadbeat in the country with a stack of maxed out credit cards says the same thing.
No govt. approval as of yet.
No bridge loan as of yet.
Pepper sales net to zero.
Huey Fong getting peppers elsewhere in 2019.
That's enough for me. Good luck to you all. I'm taking my proceeds and going out for coffee. lol
It's been said before but I'll say it again. I and others on this board don't believe that a loan is going to happen without govt. approval of the Cielo Mar project and that, as of yet, has not happened. Jan just needs to find the right officials to pay off or maybe he has and they're just asking too much. lol
I think he just flat out underestimated how long govt. approval was going to take which probably put the keebash on his original source of funding. Irrational exuberance maybe? (That could also apply to some of us. lol) Pretty safe to say that the honesty and genius of the management is in question here. I still think with a bit of news such as govt. approval, irrational exuberance will drive the price back up at least to where some of us can recoup some losses. Either way I'm done. I think I'll stick with property and things I can actually put my hands on. This is a fools game in my newly formed humble opinion. GLTA
That's been my position all along just based on common sense.
One of the things that you are gambling on when you put your money into something like this is that the people running things are as sharp and or honest as you think they ought to be. You don't really know them though, do you.
I think the root cause of this situation is that Jan underestimated how long it was going to take to get govt. approval. I also don't think a bridge loan is going to happen without govt. approval. No one protesting the project indicates to me that it is probably going to be approved and then the lender is going to come through with the loan. Then it's up to Jan to sell this thing. We're all gambling here,(gambling vs. investing) including Jan, whether you want to admit it or not. A setback, yes, the end of the world, no. All of the whining that's going on is being done by people who out of greed bet more on this than they were comfortable with losing IMHO. I'm letting what I have on the table ride and if I lose.....oh well. GLTA It's a game, enjoy it.
Those plans he's had drawn up weren't just for govt. approval. He's going to be shopping them around to marina entities, resort entities, golf entities, hotel entities, etc.,etc.,etc,. I've said before that I'm no expert at this but I think that this will generate agreements which will generate pr's, revenue, and upward moves in share price. How much money is brought to the table by businesses that want to be a part of a project like this? And might they not share in infrastructure costs?
Good night all, I'm going to bed.
"So tell, what news do you think would get a big SP increase and tell me why.....waiting"
Providing govt. approval and a bridge loan comes through, wouldn't a good marketing campaign and lot sales for both residential and business bring in some revenue that would get things going in the right direction?
would or would not? If it would then that could be why there is no loan yet?
This may sound dumb to some but I've never let that stop me before. I'm wondering if maybe we aren't in a situation where the govt. won't approve the project without proper funding and the prospective lender won't provide a loan without govt. approval........ Just an amateur pondering while being down 85%. lol
Govt. approval (or denial) of the Cielo Mar project was supposed to happen in the Sept.- Oct. time frame. I guess the term time frame is a give or take kind of thing.
Also, don't forget governmental approval for the Cielo Mar development. It was supposed to happen in the Sept.- Oct. time frame. I still think that's the real reason that there hasen't been a bridge loan yet. Maybe Jan did a bit too much assuming and we all know where that gets you.
I think there is probably an obvious answer to your question. He can't prove otherwise. If there was anything positive or constructive to communicate I think he would be doing so.
Wow!!!!! Just got home from doing some work on a rental property that I own. I gotta say that I should stick to that and give up picking stocks cause I'm obviously no good at it. Looks like we're dying here!!! Someone help me out. Is this a buying opportunity or a falling knife? .......yup, just like Reno.
I agree 100%. The pepper PR is just a case of "look here, don't look over there". Stinks to high Heaven.
I used to "invest" in companies like Bristol Meyers, Intel, Chevron, etc. and did okay, nothing big but always made money. Down here in penny land it just seems to me that "investing" is the wrong word. I think "flat out gambling" is the correct term. We're gambling on govt. approval, gambling on proper funding, gambling on the ceo being upfront and honest. Just like Reno without the cocktail waitresses. Sometimes you win sometimes you lose which is why you should never get carried away with how much you're betting. It won't take a whole lot to get me back to even so I'm going to "gamble" that that will happen and then I think I'm done with this game for good. GLTA
According to my Etrade info 502.3 million