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So far today's range of .07-.08 is even better...and I can only imagine what tomorrow may bring.
So with all those "buys" and hardly any price movement you can't see that someone with bunch of shares is unloading them?
The SEC's numbers don't lie.
More fluffy news with no numbers. If you want numbers you have to check the SEC filings:
10-Q May 13, 2013 OS = 14.5 million
10-Q May 13, 2014 OS = 14.5 million
10-Q Sep 30, 2014 OS = 54.5 million
10-Q May 15, 2015 OS = 72.5 million
10-Q Nov 15, 2015 OS = 102.5 million
The only question is how much higher will the outstanding share (OS) count be in the next filing?
Oh, so they did file on Friday. $102K in revenue for 3 months, compared to $3.2 million last year. Talk about a fail. Also since the last filing they've doubled the outstanding shares (7M to 13.8M) by issuing more to Chin and his consultants. I'm sure he'll reverse split again at some point. The funny thing is though, NO shares are trading anyway, so why even bother with that? LOL I think there's been about 500 shares total traded in the last 3 months.
This is what happens when you run a company in to the ground, or when the person in charge is Yung Kong Chin, which is the same thing. Man, he must have blown at least $2 million on this garbage. 52-week range $90.75-$1.28. Guess which one today is?
No surprise here, now CLAD is late in its filing. Are they done? Dropping off the OTCBB now?
All I see in MPGS is pump and dump. Multiple PRs weekly, volume spike, then drop. OS keeps going up too. Good luck.
People are still talking about this company? wow.
Hilarious quote in 10Q:
CLAD, a Chin-based company, just published their 10-Q. They mostly grow and sell mushrooms. Their 3-month revenue went from $3.1 million last year to $300K this year. Here’s what they say:
"The revenue from sales of our fresh mushrooms decreased $2,360,912 resulting from the decrease of sales price and volume. As the Chinese government has embarked on a high-profile anti-corruption campaign, the gifts and catering market has significantly decreased. So, in order to continue selling the fresh mushrooms in a reasonable time, we cut prices and the production quantity to reduce inventories."
In other words, “We are no longer able to take advantage of all the corruption”. Hahaha.
Wow, down hill big time:
Net Revenues:
Three months ended 6/30/2015 $329,441 compared to $3,181,583 in 2014.
Income/(Loss) per share 6/30/2015 ($0.18) compared to $10.21 in 2014.
Chin, giving himself more shares:
“On May 22, 2015, the Company converted $60,000 of related party payables due to Chin Yung Kong into a convertible note. The note has a maturity date of May 22, 2015, and is convertible into Company common stock at the fixed rate of $0.01 per share. The note does not bear any interest.” (6,000,000 shares).
The revenue from sales of our fresh mushrooms decreased $2,360,912 resulting from the decrease of sales price and volume. As the Chinese government has embarked on a high-profile anti-corruption campaign, the gifts and catering market has significantly decreased. So, in order to continue selling the fresh mushrooms in a reasonable time, we cut prices and the production quantity to reduce inventories.
So, what does that mean? That implies because the Chinese government is cracking down on inti-corruption CLAD can no longer make money! hahaha. In other words they were taking advantage of the corruption.
I turned 50 this year too even though my IH profile still shows 41. Every time I try to update it, it throws an error, so I gave up. LOL.
All that golf sounds fun. I'm a hack, but my youngest son has game. He'll be playing for his college this year (freshman). I love watching him play. Those young-uns are good.
I'm sure I'll spend a little time doing that myself.
Good question. Some are still around, some are gone, and some probably only lurk from time to time like me. Aliases such as Taki, Rocket Red, Buckey, Patricia Meaney, jmhollen, ChrisJP, Joe Copia...lots of history and lots of good memories for me.
:)
Thanks again.
Thank you.
Jim’s impact on me:
My Ihub profile says that my alias was born in 2003. I’ve been following Jim (and Steve) much longer than that. I remember the RagingBull days very well. I’ve gone through periods of being a free subscriber to a paid subscriber and back again several times over.
When I first started reading and learning about trading I found my way to the messages boards. I learned over time- wow, you can’t always believe what you read on the internet…especially about penny stocks. But I stuck with it, and through time learned that Jim and TGL was one of my most valuable resources of information. It’s always been my favorite by far.
I could write a book on what I learned by reading Jim’s and Steve’s posts, but I’ll try to keep this short. Both of these guys transformed me from a newbie (I’m a computer programmer by trade), to someone who, throughout the years, has personally brought two companies public (via IPO’s), and made life-changing gains in the process. Jim never knew his impact on me. In this short space I can’t describe how Jim’s valuable information has served me through the years. (Same goes to you Steve). Crediting 90% of my knowledge and desire to TGL, I was able to create, from scratch, two public shells, file the S-1’s, sell shares, market the company, and sell both for handsome profits. One of the shells I created is now a company with $15 million in annual sales with a market cap around $30 million. My hope is that the company lives on and on, long after I’m gone too. It’ll be a perpetual legacy, and hit has mine and Jim’s handprints on it.
Although he never knew it, Jim helped change my life; not just financially. He was a big part of helping me follow my dreams through education and honesty. And I know for sure I’m just a small part of his positive impact on the world. RIP Jim.
DRat
As expected, no trades since the last reverse split. The share price spread is $2-$99. Nobody is going to buy this stock in its current structure. Chin made too many mistakes. Mushroom income is declining, there's no blueberry company, and now there are no free-trading shares to make this stock liquid because of two stupid reverse splits.
Mr Chin, if you happen to read this, the only way to fix this requires 2 steps. Step #1 is to cancel at least 50% of the shares YOU own and, Step #2 is to execute a FORWARD SPLIT (at least 10 for 1) to increase the number of free-trading shares. Of course I don't expect you to do either of these things. I expect that you'll just keep throwing your money away by paying to keep CLAD listed on the market and registered with the SEC. But be warned, nobody is going to buy your stock the it's current state. Nobody.
Is this still alive? Anyone know anything? I just saw this from 5/21/2015:
Areti Web Innovations Inc. Sells Assets and Reduces Debt
Accesswire
May 21, 2015 10:00 AM
LAS VEGAS, NV / ACCESSWIRE / May 21, 2015 / Areti Web Innovations Inc., (AWEB) ("Areti" or the "Company"), a web hosting and professional web services provider, today announced it has negotiated and closed a transaction that substantially reduces its outstanding senior debt.
Privately-held Web Hosting Enterprises Corporation, Inc. has purchased the majority of Areti's hosting assets and compensated Areti's senior debt holders on Areti's behalf. As part of the transaction, Areti will own a minority equity position Web Hosting Corporation, Inc.
In the near term, Areti will focus on other non-hosting, but web-related business activities.
Financial results beginning during the Company's quarter ending June 30, 2015 will reflect Web Hosting Enterprise's transaction with the Company.
About Areti Web Hosting Services
Areti Web is a web hosting company that operates its own state-of-the-art data centers in the United States, Canada and select international markets. Areti specializes in providing shared web hosting services for smaller businesses, as well as dedicated/managed servers for larger businesses. In addition to offering various web hosting, data storage, and domain registration services, Areti also provides full-service advertising and consulting products and services to its customers. Areti operates and manages the following subsidiary brands, which provide web hosting, data storage, domain registration, internet advertising, and consulting services: Alentus Corporation (Canada), Web Site Source, Inc., SpeedFox, Inc., Web Hosting Groups, Inc., and Areti Corporation.
SOURCE: Areti Web Hosting Company, Inc.
United/Continental airlines was down today and now the NYSE. I think it's just a delayed reaction to Y2K. Everyone focused so much on the year 2000 they forgot about fiscal year 2015-16.
Company changes name? 8K filed:
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=z01J%252fGCQpdQ5dQHgOt8ftg%253d%253d&nt7=0
"CHINA BAILIBERRY DINGXU TECHNOLOGY CORPORATION"
What is a bailiberry?
I've heard of a blueberry, and even a bilberry, but never a bailiberry. haha.
Please tell me Chin didn't mess up the name of the company.
No. Wrong. It was DSS. 'member?
$20 per share will mean nothing to investors who owned stock before the two splits. The price will have to be $75 per share for those investors to break even. If someone bought 10,000 shares a year ago and suffered the 1:20 split and then the 1:15 split they would only own 33 shares. They won’t care about $10, or $20, or even $30 per share. They have nothing left.
Chin was stupid to allow himself and his consultants to convert their shares in January 2015 at $0.10/share after the first split. He thinks everything can be fixed by reverse splitting the shares again after his big mistake. The problem is no new investors will bother with the company knowing such a fool is running it. Who would invest in stock that the CEO keeps splitting? Nobody.
10Q out: For the three months ended March 31, 2015 and 2014, revenues were $1,778,144 and $3,447,548, respectively, representing a decrease of $1,669,404.
Look at that, now investors in CLAD don't only get screwed by the second reverse split in a year, now the revenues are way down too. It just gets worse. Chin will never recover this company from his dumb mistakes.
You were right, only they filed an 8k for a 1 for 15 split. Unbelievable. A whole year and a ton of money by Chin wasted. He'll be right back at where he was after the first split...which apparently was nowhere.
Looks like nobody wants to buy or hold QMIS anymore either. That's another one if Chin's companies.
z9831223, CLAD is at 1.99 today. Are you buying? It doesn't look like you are. Nobody is. Also, when you mentioned June you didn't say which year.
Also, if you expect the stock price to be at least $10 per share you should be buying right now at $2, and $3, and $4. But, as you can see, nobody is interested in buying. Look at the volume. I think Chin listens to too many worthless, over-priced consultants.
Considering how long we've been hearing about progress, I don't expect anything to change by June. Shares have already been distributed. $10 per share would put a market cap on CLAD of $260 million. That's not going to happen. Chin diluted the company to garbage status.
A new 52 week low price. What a waist of on opportunity. Chin is no manager. It must be an ego thing. He would rather have 20,000,000 shares at $0.10, than 2,000,000 shares at $5. What a fool.
Started a position today. Lets go.
10K is out. I don't see much new business wise. The most important change in my opinion is as the very end in the "Subsequent Events" section. About 4.5 million shares issued to consultants, and 20 million shares issued to Chin for prior loans. So we go from about 2.9 million shares outstanding to 27+ million. That sucks.
I wondered who that was.
Well at least the late notice lets us know someone is still alive at the company. It amazes me that they have 90 days to finish the 10K and yet every year they need 15 more.
I believe we should see either a 10K filed today or a late notice. My bet is on the late notice.
There were no revenues for 2014 and 2013.
Still quite boring here. What's everyone's take on their progress?
As quiet as CLAD has been, I don't expect any filing or activity soon. Last year they didn't file their annual 10K until April 15. It shouldn't take 3 1/2 months to close out the year-end books. And, I'm not sure what the big hurry was to do a reverse split then stay quiet for the better part of a year.
Renee, my guess is there is nobody here to contact. Even the Nevada license is in default. Who knows if the address they show for the officers is even valid any more. They're a year and a half late:
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=OdNv1UJOpnPjO7j24XQ9Tg%253d%253d&nt7=0
How many shares you holding?