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http://norris.blogs.nytimes.com/2008/08/16/has-any-penny-stock-become-a-big-company/
I came across this article that was written in 2008. I know that is a long time and a lot has happen in 3 years. The article caught my eye because it was written by a journalist from a respectable news organization and not some penny stock promotion site.
The article made it seem like that penny stock can never make it big using fundamentals. My question to you all is has there been a penny stock oil and gas exploration company like MNLU that has gone on and made it big. I guess making it big would be above $10 per share or more and is traded on on the AMEX or NASDAQ. OR that they were bought out by a big company like Shell, Exxon, Chevron, or others. I know there may have been buyouts on like companies that were traded at $5 or more so they dont qualify as penny stock.
This pertains to us because most of us here are holder and are wishful and hopeful they hit the motherload. If history is against penny stock in general then is MNLU part of that history? I too is hoping they get bought out or atleast see thier share price sky rocket a few 100,000%.
What are your thoughts?
I think we all feel jaded about this company, but we are all in the same boat. At this point all i can wish for is that this company wins this bid and at least give the investors a break even point for then to exit. Good luck to us all!
I cant wait till the end of Q3 for more info on the well completion. In the meantime check out this post from the mainstream press in the UK,
http://www.telegraph.co.uk/finance/commodities/8441414/Shale-gas-could-solve-the-energy-shortage.html
This stock looks more interesting everyday.
I have never seen a fee charge against a customer because a company does a stock split. Is this normal? I have seen stock split before but I was never charge, I have Scottrade.
If Encana purchase Leor for 2.5 billion base on those volume of gas, what is the potential buyout for MNLU be if a some company where to buy out MNLU?
This is what i have been preaching for a while now with my previous posts. People on this forum posting about scam only create fear and scaring off potential investors. As of right now our money in the company has depreciated but its not lost, thats a fact. HSCO can still regain if there are some more positive news and SEC filings showing upward profit and 500k sales goal.
I am holding a good portion in this company and for those that jumped in at the pre R/S at the .0001 price and if we can break even post R/S at .0125 then most will be happy just breaking even and forget this thing ever happened.
Whats lost is already lost, I am going to wait it out and see what happens. If I can break even then thats a good day for most of us.
Please let this forum die in peace already.
Lets hope for some more good news!
What would it take for the price per share to reach $1?
You have to read the poster carefully and try to discern truth from lies. My experience with investorshub in general is that there are a lot of "pump and dump" and then the opposite "short and distort." All this are conjectures and anyones best guess. Some people do provide good DD opinions others just create fear so that the stock price drops down enough so they can buy in when its cheap then wait for the next pump then dump for a quick profit. A volatile stock like this provides provides ample of opportunity for short sell.
I personally wouldn't mind a forward split because its always a good thing because the company thinks the stock would go up in value...which is always a good thing for shareholders.
Wow Really? 400 to you is not huge. As a poor short term OTC investor like me, 400 is huge! I would take that any day...oh and maybe you will be able to sell it and clean your hands of HSCO forget then and move on.
Of course you wont. I am sure you know that it does take time for the new shares to be swapped with the retail brokers. You also know that any press release has their names and their clients name on it. As a matter of fact its now on record and public record.
Its hard to believe that Enterprise, Tamarac, Trump, and now Traylor Electric would allow HSCO to use them in press release knowing well that its a scam. I am sure their would have been a cease and desist or possible lawsuit in using these name without their knowledge. Why would these companies work with HSCO if they haven't done their due diligence.
I just don't buy the argument that they are a scam. Bad management, sure. Like I said in my post a few days ago. Think of this as playing the lottery. Have low expectations.
Yes we are! Even if it goes up to .05 cents a share...thats still a huge profit for those that bought it at 0.0001. I am willing to bet they will release more information soon to bolster ease investor concern.
MIAMI, FL--(Marketwire - 03/02/11) - Hi Score Corporation (Pinksheets:HSCOD - News) announced today that it has entered into an agreement with Traylor Electric of Ft. Lauderdale, Florida. Effective immediately, Traylor will begin purchasing Energy Control Devices from Hi Score Subsidiary, DMD Lighting and Energy Control Systems. The agreement is just one in a long list of customers that DMD President, Dominick Falso, intends to bring on board at DMD. Traylor Electric is a large residential contractor and integrator of Lighting Control Systems.
"The addition of Energy Control Systems to our line of products will definitely play a key role in meeting our sales projections," said Dominick Falso. "I expect for Energy Control Systems to account for at least half a million dollars in sales over the next year... with a good three hundred thousand of that coming from Traylor. We have a lot of work in front of us but we are definitely off to a promising start. Every day is producing another opportunity. The trick is to pick the profitable ones... I feel very encouraged and enthusiastic... about everything."
Dominick Falso was recently appointed as Hi Score's Chief Operating Officer. The appointment was made just weeks after Mr. Falso accepted the position as CEO of Hi Score-owned DMD Lighting & Energy Control Systems Inc. Mr. Falso was brought on to bolster the company's lagging gross sales volume. "The potential Hi Rise conversions are just another piece of the pie that will help me get our operation to become profitable. I am still working toward the goal of our overall sales volume reaching at least 500K per quarter by the second quarter of this year... and I feel good about it."
Let me clarify one thing, I am no fan boy of stock dilution. I only seek to defend mine, yours, and others holding this stock. We may very well lose all we invested in. We haven’t yet! I bought into the company at .0001 a share and is holding a good amount, I see no point in bashing the company any further. I see a lot of haters on this board. I can understand the frustration and why, but accusing them of fraud base on one press release is not right. As investor it’s your job to do your DD and not jump to any haste conclusion of the press release today. For all you know the press release was intended for Tuesday but was release today by mistake. A lot of times companies have press release ready to be sent out so there could have been a mistake from the person issuing the release. Would it have made you feel better that they issue a correction and say it was for Tuesday? PR department makes mistake all the time, HSCO won’t be the first or the last. Or let’s look at the opposite…let’s say HSCO did intended the R/S to happen at the open of Monday trading, who is to say that Pink OTC didn’t screw up and didn’t update their information. This is the Pink OTC, go claim fraud when its on the NYSE or Nasdaq. Again we don’t know. So tomorrow when you wake up and look at your holding and still show .0001 prices…are you going to cry fraud again? It will take a few days for retail brokers to have it reflect in their system. But you know that already.
A lot of us bought it at the .0001 price and saw that as a low risk investment. We saw an opportunity to buy 1 dollar at .0001 cents. Even a small investment will net you a good return. Hell yea it’s like playing the lottery. In my view investing in the OTC stock is playing the lottery, you risking your money for a huge potential payout, you already know going in this game that your money is spent on a worthless piece of paper…but unlike the lottery stocks don’t have a drawing date so you can hold it for a potential gain. Instead of going on this board and bash the company because you invested in what you think is a bad company, I ask that you do some DD and present facts. I am not saying you or anyone pump the stock or to create this false sense of security investing in HSCO because it’s not. I am saying and asking that you and other haters like you present facts, tone down the rhetoric, and don’t speak with emotion.
For all we know is that they might have deals in the work to provide investor with some returns but you and others keep on bashing them with no hard facts to back it up to creating fear.
All you do is seek to drive fear on what could be a potential rise in the stock price. At .0125 cent, it has the potential to go higher faster then when it was at .0001 cents.
Treat this Investment for what it is a cheap low risk-possibly high gain venture. I am sure you have a few bills lying around that you can burn without losing much sleep over.
I like to pounce on them when they are down too...but what's fair is fair. Are HSCO to blame for this, i mean they file the R/S admendment...so then isn't it up to the Pink OTC to update things on thier end? Pink OTC are the ones responsible for the accurate display of information on a particular stock, i.e. share price, O/S, A/S, ect. Is it possible that Pink OTC has yet to update it? I mean we are talking about the pink sheet here its no NYSE. Please correct me if i am wrong, thanks.
Is there a significance to it being listed on the OTCBB? I am new to penny stock so i am curious.
I got me a piece of history! I think this will be a great stock to own for the forseeable future.