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.
Yeah, and don't be surprised if they start it off with a reverse split.
Hey, if you bought yesterday, you're up nearly 10%. Oh wait, there's that nasty spread... Sorry, you're still in the red.
Even SMCE has given up on SMCE.
Someone obviously told them of how they were being ridiculed for their laughable PR and Marketing skills, and they put up a rash of posts onto their empty FB and IG accounts. That was in June; which was when they announced rights to a movie produced by a convicted Pump and Dump felon. Not a single word since. Still no news on their site since February. Their FB page has 8 likes, LMAO!!! The last video put up on YT was 4 years ago.
Nearly all the promo has been through Marketwired; which is aimed at investors. To me that all adds up to nothing more than a shell company who's sole interest is in being a vehicle for Pump and Dump schemes. Now they realize this round is over, and they are suddenly silent on all fronts, probably waiting to return to their shenanigans in the fall.
If they were a sincere company trying to do something real, there would be a steady flow of real product to show for it, and a steady growth in media and social media presence.
Anybody who feels they must take a chance on this farce, please put in a stop, and don't touch it until it moves up! I wish I had followed that advice, though I got so screwed by a reverse split, that I felt I was beyond the point of no return, and have held on to this POS garbage.
How is this even allowed to exist?
Priming the pump, I suppose.
What's nonsense is believing this leopard has changed it's spots. They don't even have enough credibility to pull off a decent P&D anymore!
Okay, so it's down over 99%.
Right one was a dividend. Almost as dismal effect.
Let's not forget that SMCE has reduced shares in the past with a 50 to 1 reverse split, that I know of. It tanked and screwed holders afterwards both times. Explore the past on this board...
1 for 50 R/S on 05/06/11
Also dividend:
1 for 10 Dividend on 12/31/10
So yes, reduction of shares is certainly a possibility with SMCE, but historically it has not been a positive occurrence by any stretch of the imagination!!!
Anyone interested in "investing" in SMCE, would be well advised to click through "next" after the two posts linked above to get a sense of how reverse splits have worked out for "investors" in SMCE.
"Lotto" That really is the key word here, isn't it? Suggesting someone "invest" (hold on long term in spite of price action in hopes of a reversal) in a an OTC stock like SMCE, is akin to suggesting that they "invest" in buying lotto tickets. Yes, the payoff could be huge, but the odds are astronomically stacked against you. The fact the odds are not in your favor has become more and more evident and obvious, as the financial facts about this company have been revealed, along with their recent sloppy PR blunders, and their lack of steady production, as well as with the dismal price action of the chart.
At least with a lotto ticket you have an expiration, and can know you've lost, and thus throw the ticket away.
If you're a skilled trader I imagine, money could be made with a POS like SMCE, but for long term investments, you should look elsewhere.
This stock doesn't need any help to look like hell. SMCE has taken care of that all on it's own.
That could work both ways.
You mean the business model where they do a reverse split? Yes, that has caused their pps to go up, in the past.
First comparing Apple and now Netfilx? So ridiculous!
Exactly, I never said anything about anyone except David Levy, and the suspicious connection of his movie to SMCE. You're the one who made the other connections; which probably don't exist.
From what I can tell, any shorters of this stock are not worried about covering.
Why and how out of the thousands and thousands of movies available would they end up with this movie?
Answer: incompetence, arrogance, corruption.
Wow, I can't believe you are saying all these people are scammers!
Don't put words in my mouth, Gia.
All I'm saying is the one movie SMCE secures the rights to, is a box office flop, that was released over 3 years ago, and is associated with a convicted pump and dump scammer.
Any fool can see that at the very least, SMCE is run by a bunch of morons, or perhaps they are so arrogant they don't believe anyone is smart enough to catch on. The SMCE team is either incompetent, corrupt, or both.
Donna Levy got 10.5 years and David Levy got 9. This erases any lingering hopes I had. The SMCE team is either corrupt or stupid, but most likely both.
Did you see the movie in that PR, and who produced it? Check the link in my last post!
Haha, I wonder if I can take credit for the fact that they actually have "new" content up on FB and IG? Nothing new on TY, that would take actually producing something. If new stuff starts showing up there, I'll be surprised, and maybe a tiny bit hopeful.
LMAO. The pot calls the kettle black! I think you're looking at the wrong side of this coin.
Normal ticker? That's the best advice you could give yourself! These things are pure gamble.
I made money on this way back, when it was being pumped on a penny newsletter. I got in and out in one day, and did very well. Then I tried again when the newsletter said this same crap about don't let the shorts cut you out of a huge move, blah, blah, blah. I bought back in, in a bigger way. Then of course, the price started to drop. I almost pulled out before all my profit from the first trade was gone, but I kept getting those emails, and failed to pull the trigger. What did I do? I tried to average down... several times! Then what do they do? Reverse split, and suddenly my CB is over $15!!!
With some equal "success" in a couple more of these, I swore them off. But I just let them sit there, as they were just about worthless anyway, and who knows what miracle could happen? I kept them in my favorites here, to check on activity from time to time.
When all this buzz started up, I thought maybe I could lower my cost enough to get out with at least a diminished loss. I bought enough shares to lower my CB to 3.50. Still a long shot, but...
So you can see why I got so angry at "theother4ofyou" for all the BS, as well as at myself for not looking deeper!
Maybe, just maybe you might strike it rich from one of these things, but the odds are stacked against you. My experience this time around has finally driven that home for me. Even the "get in and out on the pump" is difficult, because you have to time it perfectly.
Here's another thing I've realized about this stock. Even if all the news about their team, and their huge new target audience is real, if there's anything to it, the big guys are just going to come in and squash them like a bug. I guess best case scenario is they get enough of a headway to be bought out. It's just a HUGE IF! My advice: if you must, dabble with what it won't hurt you to lose.
Me, I'm also going "to a normal ticker"!
Good Luck!
Look, it doesn't really matter why the price is going down, the price is going down. Will it go up again? NOBODY KNOWS!!! I for one am going to try to stick to stocks that are trending, cut my losses, and try to let my profits run.
These things are basically lottery tickets. Except you have no idea when exactly they expire, or what your payoff is supposed to be. I have little invested in SMCE, so I'll just hold this ticket for now, and I'm not holding it to the same standard of the other stocks I trade. Stupid? Maybe...
"on 3/31 the stock was trading as high as .97."
Wow, I have been looking at this chart totally wrong!!! Gia, thanks so much for pointing out that this stock has dropped by 77% in just over 2 months!!!
"no trader in their right mind would be selling at the levels we have been at for the last month unless they enjoy losing $."
You mean except for the ones who are trying to cut their losses... Or do you mean no trader in their right mind would still be holding shares over this month of plunging pps?
I know, I said I was done... :-/
I guess time will tell. Seems strange to me, and doesn't seem to match with what others do, but maybe they know better than me.
That may be a bit of hyperbole! LOL!
So in other words, SMCE probably had nothing to do with it being there, other than putting it on an investor site in the first place?
Some ideas for DD:
1) Look at SMCE website, and check what has been produced, and when.
2) Check newsfeed on site. How fresh and numerous is the news?
3) Check out their social media. How many outlets are they engaging, and how active/effective are they.
4) Check out other similar businesses, and see how SMCE compares as far as production and promotion.
5) Check out older posts on this forum to get a sense of SMCE's past.
Haha, that is so ridiculous! It's apparent that this forum has just about zero effect on this stock!
Look, I don't know if these guys are for real, or just a bunch of scammers. Maybe they are working their asses off in the background, but even if they are, a production company that sucks at promoting, is doomed to fail. If they are for real, they need to get real, and get their Sh*t together!
Well that's something, at least. If they are for real, IMO they need to hit up all available avenues, especially if they are going to set them up in the first place!