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I agree with you. A reverse split now would cause more harm than good. All that is needed is good news and cash flow to begin, then the price will go up. Stay away from a reverse split.
Unfortunate bad week on the pps. Still lots of good news regarding the settlement. Is it just the shorts having one last fling?????
Wow, this really turned out to be a disaster.
Time to bow our heads, and flush....along with our dead goldfish.
Hard to understand why now people are talking about bankruptcy. Now that we are told the plant is ready to go as soon as the contracts are signed with the miners, seems that green lights are almost on. Hopefully processing starts soon, and then followed by cash flow.
Has anybody tried to purchase a few thousand new shares. only seeing transactions for a couple hundred shares at a time, seeing no major purchases since the rs.
Always good to see the price go up....but can't get too excited, There was only one executed trade for 6,300 shares. Hopefully good news will be coming.
Not sure what you need. It has already been confirmed that the post split shares are 2.9M, And that they have 100M shares authorized.
Good to see that some one else can read a financial document and understands it.
2.9 million shares after reverse split is correct, with 100m A/S, some of which will soon be diluting the current price.
Before you worry about which broker to use to buy and sell this stock, you really need to consider the facts if you want to lose your money.
FACTS:
After the RS there are approx 2.9 Million shares
Assume market price per share $4.50
Total market valuation $13,050,000 (2.9M x $4.5)
Per the S-1, (just read it) the Company now has 100 million shares authorized and ready to sell to the market.
The Company stated that they will definitely sell shares, and they will definitely dilute the price per share. They need the cash!!!
Let’s be conservative and say they sell 20 million shares.
Shares in play will now be 22.9 million
Market valuations $13,050,000 this does not change
PRICE PER SHARE $.57 Yes, down to 57 cents per share, penny stock again.
You play with the numbers and see what happens if they sell 25M shares. They need cash, and they will sell shares. Just a matter of how many.
Would be best to wait until they issue these shares and the price goes down before you buy.
Just look at the facts, the answer will stare you in the face.
Good and bad news taken from the s-1. Lots of information about the company, and in detail. If they were not serious about the company I doubt they would have prepared such an elaborate report.
The bad news is, all the discussion about dilution. They have potential to issue lots of shares, and as they stated the price would go extremely down.
This continues to be very interesting as to what the next step will be, and when that first check is going to come in.
How an you get excited about a whopping 3,500 shares trading today which is a total of less than $20,000 equity.
Sure looks promising!!!!! Time To break out the piggy bank and lose more money on this piece of junk. Stay away!!! Don't buy this stock. This is junk!!!!!
They proble have more gold in there teeth!!!!!! Maybe we should pull them out and sell them!!!!!
Listen to taps...blowing in the wind.
Hoping this upturn in price continues.
Unfortunately, you have described the correct scenario.
You are right about that, I did sell all my shares, and lost a lot. I am more than upset, I am pissed! Pissed because this Company has great products, I still use the products everyday. But from a management standpoint, they are lousy!!!!!!!
My data and comments are hard core numbers and facts, so if you don't like them, they must have hit a nerve.
Every team needs a cheerleader, and you can be the cheerleader for this Company, just be careful you don't lose your balance and fall on your head.
Sure here is an example.
Back on May 2012, the price per share was .017
Assume you bought 500,000 shares, total price is $8,500.
Rev split hits at 1 for 850
You now have 588 shares in the reorganized co.
Your cost is still $8,500, but your cost per share is $14.46 per share.
If reverse happened today the price today was .0054 x 850 so the market price will be $4.59
You immediately are $10 per share in the hole.
Then the fun starts, they issue more shares in the new company and the price goes downnnnnnnnnnn to under a buck.
Based on how they are running the company, don't really see any other option.
OTC is pumping......this only had 3,000 in revenue last quarter......does not tie to the fantastic press releases........beware!!!!!!
Tight spread means nothing......over the last month only 5 days with more than 100,000 shares trading.......this is a joke, Maybe you can buy some.........then just try to sell.....nobody seems to want it
You are absolutely right. Shareholders are sunk. Just figure out your new number of shares, 1 for every 850 you own now.
Then divide those new fewer shares into your current cost, And that will tell you your new cost per share. Then look at today's price of .0054 x850! = $4.59, which will be the price per share today if the rs happened today. Then because the company will begin diluting the new share structure, the 4.59 will go down down down, back to less than a buck. End of story. Current stockholders are fried.
Sorry if I woke up the crickets!!!!!
Oh no!!!!!! Say it isn't so......the 10-Q will be late......whatever will we do??????? Mercy sakes!!!! Lousy thieving crooks.
1000 shares trading at .007 today. What kind of a manipulative deal was that.......some one trying to start surge.....joke joke joke
Not good that the 10-Q will be filed late.
This is exactly what will happen. I have seen it happen many times before and it will happen here too. Protect yourselves.
Maybe we can sue them...and get our money back from the fidelity bond.
Cash and AR.......$4.6 M
Accts Payable. ... 10.0 M
Still negative cash flow.
Huge loss for the qtr
Huh hmmm....time to pay the three dummies a bonus!!!!!!
Still deep deep trouble.
Look closer...you will see manipulation.
The stock opened at .078 so it is now down for the day.....look at how the price fluctuates, down to .006, the 2.5 million shares are traded, then price jumps up again. The insider / mm is making a killing at the expense of the average joe trader. Run for the hills and protect yourself.
"leak" is the right word
Hopefully you are right. The time has come for some good news.
Can't wait to see the next 10Q.
Retiring toxic debt is great. More importantly is running a clean lean operation.....and that is where they fail miserably.....hopefully the q3 results will tell us differently.....but don't hold your breath
Wow!!!! What a joke. 2 million shares trade at .0046, Which is down from .0051. Then the next and last trade for the day is a whopping 100 shares at .0053. Pushing the price back up.
Can you say......M A N I P U L A T I O N !!!!!!!!!!!!!
Gurgle...gurgle....gurgle.....down the drain we go!!!!!!
I agree, this is no longer a good investment. Time to face the facts, cut your losses, and move on. Great product.......lousy management. Maybe we should all now thank the three jerks, and boycott all their products!!!!!!! That would be great, then they can feel the pain of a financial loss, instead of just screwing everybody.
Just unloaded my 548,900 shares at .0047. Figured out with the 1:850 rs. My break even would jump up to $9.55/share after the split. Been thru other rs and lost all. Atleast here I saved 1/3 of my investment.
A major disgrace what these three yo yos did to the shareholder.
If the company is still around, maybe buy after the rs when it falls back under $1.00.....which it will.
Time for the three thieving amigos to ride off into the sunset.......git along little doggies!!!
I would like to order a bratwurst and coke please!!!!!