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BTW, you guys have been a jinx to me. I have been swing trading for 7 years and all my wife has ever said was generic questions like, "How are we doing?" or, "Everything going OK?" because she never really cared to hear about the particulars.
However...
With SNRY I mentioned that I thought we were close to something in NOV - and now every couple weeks this year it's, "Did THAT STOCK ever move?" or, "When is THAT ONE STOCK going to do it's thing?"
Thanks guys, you've jinxed me - hopefully not for life now! LOL
It's almost like I'm living with HP! LOL
All The Best
I would assume that he sent in a sample to Textile World, but I don't know if we got any verifiable information that he absolutely did.
But you repeated my point succinctly, at this point we do not know what KBLB actually has in their possession - it is all speculation at this point.
The point I was attempting to make is that I would think a commercial deal is much less likely to be finalized until KBLB can verify what supplies they actually have in stock; not just what they plan or intend to have.
I am still expecting to hear solid news about commercialization and a PR this week.
If not, and I have been wrong before on other stocks, I am also preparing to buy a lot more around the end of next week. I'm just keeping my options open.
All The Best
Good point, SNIZZLE. At this point right now it doesn't matter the number of shares authorized, all that matters is what is issued and outstanding. The only reason to even mention the authorized shares is to show that they have not issued any more since announcing that they have entered into an agreement with an 'internet marketing company.'
Only issued and outstanding shares are 'open targets' for any reverse split. The authorized number usually remains the same. That is why so many scam penny stocks do them. They get close to the ceiling and then do a 1:2500 or more split and then get to 're-issue' (not technically but practically speaking) more shares.
The smaller R/S like what we went through are more in preparation for a new company to have a very attractive share structure.
SNIZZLE is right, Besuchet and Fann are going to be given even more shares than what they hold right now when the R/M happens.
The usual case is for the "new" company to change the SS either during the R/M or soon after, anyway - although SNRY does not really have to do so.
Personally, I would think that Verndale would keep pretty close to the same SS and keep a low float to make it much more attractive to investors. With so many "extra" shares, they can voluntarily retire some shares later and it would make for a great PR.
Also, the Preferred are still completely untouched - very important! They will use these for investors and can attach any kind of value to them that they wish (for the 4 founders of the company). They can make each preferred the only voting rights, or give them a value of 10:1, or attach options of buying shares to them - really a whole bundle of options for them right now.
If GSP came into this SS, I can see them sell a ton of shares for all their projects coming up.
Mainly - they have left the float alone because SNRY basically is acting as though this company isn't theirs any more.
All The Best
The only problem, friend, is that basically no company is going to buy what you PLAN or EXPECT to have - they only will buy what you can PROVE you have.
I'm not up on all of the transpositions and dating per generation. All I know is that when they finally get the combination right, KBLB will have to verify that it is right for ALL the worms, not just a select few.
Then, it will take a long time to get thousands of eggs to grow and become silk-spinning worms ON A COMMERCIAL LEVEL.
Kim could go shopping with a spool of silk, however marvelous that spool is, and I would imagine most companies would say, "So..."
He has to be able to go shopping with hundreds of spools, IMO, and pieces of fabric to allow those companies to test.
If there is no commercial deal, it means we don't have a commercial supply of silk, yet. I think we have the right silk, I only question the amount that we actually have.
If a commercial deal is announced, I'll be thrilled. If it is not, I am already placing some funds aside to buy a bundle around THU or FRI after the CC.
All The Best
Agreed with all points. I've been in this stock for a few months but only my 2nd post.
1. More eyes will come as more great financials are put out.
2. Any company that has been growing during the last 3 years - ESPECIALLY BOTH THE FINANCIALS AND STOCK PPS - will become more widely noticed.
3. I have never understood why so many are willing to put a lot of bucks on a stock at .001 with doubtful product, unproven track record, and mostly hope rather than a stock like this at .35 or .50 that will go $1+ easy.
All The Best
Good post, SNIZZLE and a mighty small float it is!
I will keep all your information in the forefront of my mind as we welcome new people to the board.
Just glad to welcome all the new faces and am expecting to see a lot more in the very near future. Not being able to PM is a bummer!
All The Best and Thanks For The Info!!!
Found the answer to my own question:
http://charlotteraleigh.citybizlist.com/14/2011/6/1/Verndales-Raleigh-NC-Office-is-Picking-Up-Steam.aspx
Thank you for the clarification. Good thing I am not working for the FAA and assigning ETA's for flights!! LOL
All The Best
Thank you, sir. I am looking forward to your chat with CHARLESNET next Tuesday at 2:00 PM EDT.
I am sure it will be very informative.
All The Best
IMO, low-float stocks will always be rather illiquid. The nature of the way SMKY trades seems to have been in the same illiquid pattern. When there is buying volume it soars and when there is selling volume it slides.
To me, just the fact that it has maintained the .06 (rarely) to .08 range with the selling pressure seems to indicate that someone is liquidating a position and does not wish to hurt the stock while doing so. When the selling is over, we should rise. Most likely quickly like we have done in the past.
All The Best
Yeah, I know what you mean - no one knows right now.
Here are a couple points for NOT being solar (although I am still rooting like crazy for GSP!!):
1. Fann is not seeking the new company, Mark Lev is - and I think Lev understands that solar in this country is a poor financial investment.
2. Fann could have been speaking at that conference for 1 reason: Increase his resume and look for a new job. It will sound so much better for him to tell someone that his company went through a R/M rather than his business fell flat.
I'm now very curious...
Verndale has one employee in the NC area, possibly a salesman who uses the virtual office there.
Perhaps they plan on expanding into the "Research Triangle" area to build websites for companies who need top-rank technology for their sites?
A company with over 50 employees (most in well-paying sectors, not necessarily blue collar), annual revenues of $6M and Gold Partners with big, powerful companies.
Starting to sound pretty appealing. I have already followed them on Twitter.
All The Best
Great Catch, SNIZZLE! The address on the NT 10-Q filed on 3/16 has the "empty warehouse" address on Milliken.
The address on the 10-Q filed just 4 days later on 3/20 has this new address.
Looks like I have found 2 companies which MAY seem to fit - the first is less likely, the 2nd seems to be very interesting:
#1 - RECARIE SOFTWARE
http://www.racarie.com/contact-us.htm
They have put together a very important software: ApplicantStack
http://www.recruiter.com/recruiting-news/applicant-tracking-system-provider-teams-up-with-monster-and-careerbuilder/
The best consolation to any shareholder would be a solid dose of deep investigation before purchasing shares.
Then continue to get as much valid information as you can.
Make your decision on due diligence, not anyone else's idea.
Afterward, console yourself with all the DD you have done.
I am expecting a good PR before/along with the CC.
But I am a vile, scum-of-the-earth, evil trader who can manipulate this stock price by sheer will power...so don't listen to me. LOL
All The Best
The problem also exists with Penson, who have changed their policies concerning DTC eligibility.
I asked Scottrade months ago about DTC-eligibility with SNRY and they said it WAS eligible. I think it is because they do not use Penson.
All The Best
Welcome, UP-DOWN. If you noticed the "D" we have gone through a reverse split and are waiting to receive our shares. This is why the stock is illiquid.
We are also waiting on an expected reverse merger/acquisition very soon according to all the filings. Now, with a 7M float, the big news should make this explode very soon.
Until the shares are deposited in everyone's account, who really cares at all whether there are "paints" or not. Considering it dropped 85% the day before on a $45 trade - almost all the tiny trades could be considered "paints" at this point.
All The Best
Another article to fuel the speculation on a new company:
After reading this article, which references Arava, what if the "new" company coming into SNRY is a Chinese Company trying to enter the US trading market, to get past Obama's new tariffs?
GSP used Chinese panels for their first solar farm.
We also know that Lev has contacts in China.
http://www.climatespectator.com.au/commentary/deafening-clean-energy-buzz
To me, that description gives more of a reason for the new company to be Global Sun Partners, rather than SNRY.
GSP already has the contract with Suntech through Arava.
GSP (through the Arava Institute) already has an excellent educational system for renewable energy.
I like the connection with Suntech, but it has to be a profitable merger/acquisition for the new company coming in.
Especially now that is seems like they are going to the QX.
All The Best
Combining 2 replies in 1 post:
BOOGIE21, what advantage does SNRY bring to Suntech if they merge?
They don't have customers.
They don't have a business.
All they have right now are shares.
I can't get past that question...
To me, SNRY only has value as an option to sell shares - funding for a private company which chooses to go public. Especially since they now have 743M more shares to sell.
PENNYSTOCKPRO1, I noticed that phrase in the last 10-Q, but didn't really research it. I would think that it MUST be involved in the negotiations for the new company. It didn't show up until the announcement of the 'mystery internet marketing company.'
10-Q filed June 2011 - NO Mention of Another Company
I caught that, too.
Since a few of us have emailed Fann already about the QX question, I cannot assume the QX is simply a typo.
A 7M float has the capability of simply exploding when R/M news is announced.
All The Best
You're right SNIZZLE, no surprises in the 10-Q. I read it over 3x and didn't really pick much up - except the "need" for going back to Asher for some funding.
(BOOGIE21, thanks for the email, you beat me to it)
What encouraged me was the share structure:
Not a bad tournament overall for the Big 10.
No, I have kept all my KBLB stock and the refs don't get a single share. LOL
Looking for good news about commercialization in a few days.
All The Best
What Kim has to say will be the reason why the pps will move and will determine the direction of that move.
Sorry, traders can't manipulate a stock like what you think. I would LOVE to have the power that you claim traders do.
I'm looking forward to hearing of progress. No commercialization news and we will be in trouble. This CC is a big deal.
All The Best
It may make sense to the new company, who wants to start at a low pps. Every trader knows that the pps will spike and then level after 3-5 days, I am sure the new company will want the "new level" to be higher than when the announcement was made to show how strong the new company is.
If the R/M is announced at, say, .35 and it settles back to .45 after all the wild trading days, it looks like the new company is no better than SNRY was.
However, if the R/M is announced at .12, for example, and in a couple weeks when the dust settles and the pps stabilizes at .42, the new company can claim they are much stronger than SNRY.
It's obvious the pps is being manipulated, just looking for sensible reasons as to why. Only $40 brought the pps down over 80% - but anything which happens "pre-R/M" won't really matter in the long run.
All The Best
GREGG THE GREEK, hello, do not have any PM capabilities until Happy Hour on Friday.
Thanks for stopping by The Wave board.
Hope all is well with you. Glad to see the board beginning to wake up a little again!
All The Best
Hey, BOOGIE21, hope all is well with you. I don't have PM capabilities, thought I did as a mod - but, No.
I have been super-busy with work and haven't had a lot of time to check out further leads.
IMO, the businesses which are most likely to merge into this company would:
1. Have a need to become public (need financing to get their product to market or to expand their product).
2. Have contacts with Mark Lev and/or Wellfleet Partners (of course we don't know all of his contacts, we can only go from what has been printed).
3. Have a strong business potential (because of Mark Lev and his shares - he associates with success and not with scams).
4. Be someone who is patient - this has taken a long time to formulate and finally come to fruition. April will make it a year since they announced they were interested in finding "funding options" for the company.
I can still be so wrong it is ridiculous, but Global Sun Partners seems to fit all of these "requirements" - although I don't have any real idea who the new owners may be.
1. They need funding as they expand (currently have funds for the Bedouin project, but not for the newly permitted project)
2. They have had funding come from Lev Wellfleet. His contacts are very strong in Israel.
3. They are trying to expand into other countries and other areas (Abramowitz was just recently in Haiti with Clinton).
4. They definitely are patient, seeing that their first solar project took over 5 years of government run-around.
However, it does not even need to be a solar company which will merge into SNRY - it can be anybody.
Just a few thoughts as we all sit and wait.
All The Best
Sold TA this morning @ 5.95
All The Best
TA looks like it is really going to pop today.
PR early today gives yearly earnings of almost a buck per share
CC at 10:00 today
Looks like it is up around 10% pre-market
All The Best
Here are the reasons why Wellfleet has contributed to Arava/GSP in past:
1. To get a good return from their investment. Arava/GSP will make money - Siemen's thought they were good enough to partner with.
2. The potential of future projects. Israel has publicly declared they are planning to go to 20% renewable energy by 2020. That's a big market.
3. Yosef Abramowitz. The guy is able to use his clout and get things done. Quite a remarkable man.
4. A love for Israel. Lev's son, Joshua, got much of his education in Israel and Lev is committed to rebuilding and investing in Israel - this bond for their homeland is extremely strong for many Jews.
Add those together and it's a win, win, win, win for Lev and Wellfleet Partners.
All The Best
MANSHOON,
Any ideas on why the O/S actually DECREASED during one quarter in 2011?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8102059
This stock will do nothing until we hear of a reverse merger. THEN it will explode. I bought shares months ago and just keep a notice in my account for volume/pps increase.
All The Best
Good morning All!
A few thoughts have sifted through my mind during the weekend. I will try to find the answers to my questions, but any input would be appreciated. I only have 15 posts a day, so I will not post too much.
1. No shares today on Scottrade - I will call my broker and TA today again. I plan to do so every day until I get a definitive answer of when the shares will be deposited.
2. The Form 144 Restricted shares that the directors received ARE NOT subject to the reverse split (I THINK) so they have many more valuable shares. Because they are restricted, they are not necessarily converted into actual common shares yet, so they did not get split.
3. The millions of shares that Asher received DID go through the reverse split, so I would think they are the most likely candidate as to who are putting up the giant block at a low price. Organizations like that don't care about the company they rob or the shareholders they affect.
4. I sent an email to David Fann asking about the QX symbol, but have not received a reply, yet. IF it is true about the QX, that may have been some of the slowdown in waiting for FINRA...?
5. Until the R/M is actually announced, I would not imagine that there will be much bid support or trading volume at all - so I am not all that shocked about unusually low or unusually high spikes on small trades.
All The Best
Don't know if it has been mentioned lately that the March 30 CC date also corresponds with the deadline for the 10-K as well.
I wonder if the date is intentional because the 10-K will show a greater operating loss than KBLB ever has...
Perhaps the commercialization news is simply orchestrated to offset a lousy set of financials.
Either way, real commercialization news will make this pps soar.
As for dilution:
April 2011 - 558M shares outstanding
May 2011 - 558M shares outstanding
August 2011 - 580M shares outstanding
November 2011 - 573M shares outstanding
I think this is a chart more for impatient sellers than company dilution.
Big EOY selloff when PR's told everyone nothing was happening
Nice spike in JAN with PNAS production
Sell-off in FEB after lack of CC announcement
Now, build-up to the CC at EOM.
At EOM, which is also EOQ, blast off?
All The Best
10-Q's are due 45 days after end of quarter.
10-K-s are due 90 days after end of quarter.
So, with leap day, the 10-K is due March 30.
Still here, no need to comment when there is not much to say.
All The Best
The only positive for this reverse split is the anticipation that a reverse merger (or acquisition) will accompany it.
So, until the "tell-all" 8-K arrives, it doesn't matter whether we bounce back and forth from a penny to a couple dollars.
At least the bouncing back and forth shows the float is extremely small - especially with so many "frozen" shares.
Monday will be interesting, indeed, to see how many people will sell off or keep holding - when they have a choice after the R/S.
All The Best
Obviously there are 2 possibilities:
OPTION 1: The new company will be so strong that they already wish to be listed on the QX - this may have been the whole problem with FINRA. They were already listed on the QB, but wished to be listed on the QX following the R/S.
OPTION 2: It was just a typo - they have made mistakes before in their 8-K filings (Dodak instead of Airington).
However, the way they have been making amended filings one right after the other in preparation for this move, I think it is OPTION 1.
Since they will have the "D" for 20 days, I don't know the full ramifications of that. I have traded stocks with the "D" before and at other times I have not been allowed to trade until the "D" came off. The R/M I have been in where the "D" kept from trading came out with all kinds of fantastic news during those "frozen days" of trading. They may be intimating that there will be a ticker change (thus a name change & company change, too).
Well, it's finally starting to get exciting here. I cannot PM anymore, but I can respond to emails.
All The Best
SPXA the background on this company is extremely interesting, for sure.
Good to see you back, ALIANGEL!
All The Best
Just got off the phone with the TA (it's only 8:00 there and they just opened) - did not get to speak with Debra, but I was told the reverse split is effective today and that there should not be any hold-up on brokers receiving the shares.
Called back to Scottrade and they still say they do not have a date for when the shares are scheduled to be deposited into their account.
So, I would be very happy if we didn't get any news until the shares are actually tradeable again.
All The Best