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Yes, agree, the company fills out the form.( self report) Who else would? Agree, If you meet the requirements for listing and they are verified, you are approved. Think it is the same for listing on any of the exchanges yes ? If you apply to the Nasdaq, and pay the fee, and meet the requirements, you get listed ? Yes? So whats your point.. OTCQB has more requirements and conditions to be listed then OTCPink. That is the point. It shows the CO has more going on and is less risky, is up to date on filings and all that jazz. vs something trading on the OTCpink, which can do basically what ever they want. that is the point. I know you know it.. but just pointing it out.
Thanks !
Those are a brief overview of eligibility. Here are the full requirements, if you care to read.
https://www.otcmarkets.com/content/doc/otcqb/standards.pdf
A bit more to it then just paying some money. Here are the requirements to be listed. Seems like a lot of effort and cost if anyone can Just do it.
So there must be some value to doing it.
https://www.otcmarkets.com/content/doc/otcqb/standards.pdf
As usual, your posting half truths... here is the full line from the 8-K
Conversion Rights: Each share of Series "B" Preferred is convertible at any time, and from time to time, into three (3) shares of Common Stock one day after the first anniversary of issuance;
That means, for 1 year they are locked up. So YES.. the can convert, but not for 1 year. That was never a secret that I am aware of.
I would say that the single poster has proved nothing other then that the description used on the Bemax web site to describe how their diapers work is the same used in multiple places and is a basic description of the technology behind the use of SAP and cross linkers in disposable diapers.
Its not like the technology is something new. SAP's have been around a while. Its about where they selling and distributing them. IMHO..
Well.. Who is coping who.. ? First of all, not sure what your trying to infer with your link to Alibaba.. That link takes me to a vendor selling non disposable cloth diapers called Mothers choice ? How is this related?
Second.. Google search the statement " “gel blocks”, the phenomenon that describes the impossibility of moving liquids once a SAP particle gets saturated." You will find it is used in many different places. It seems to be a generic description of what and how a Surface Cross Linker works in SAP ( Super Absorbent Particles) here is one example. Disposable Products Manufacturing Handbook
Here it is again.. at the bottom of the page. https://sciencevogel.wikispaces.com/Make+a+Polymer
BMXC about to break resistance at .05
I don't now if any one was intentionally misrepresenting.. I Think they just saw the filling and didn't completely read and understand it before posting. No biggie..
The filling is a copy of the form they submitted.. NOT the certification and uplisting confirmation. Still good to see, and more proof of the CEO's commitment to her word, but it is not what some are saying it is.
Short term like on a intra day basis. Current leg made a high of .0334, then pulled back to .0255, then climbed back up to .0313, now is at .0265 So lower highs over the last day or two, but also higher lows, so Actually it is forming more of a flag or pendent type formation, but point is, IF some one was able to sell at the high of .0334 then rebuy at .0255 then that would make sense to do BUT i agree with you 100%, at this time ( TODAY) we are at the bottom of the cycle or formation, so I would NOT sell here as no support has been broken, and this is where you should be picking up shares.. if you were looking to buy in.
Hind sight is 20 -20.. Nothing wrong with taking some off the table. I have lots of " Should have held " regrets throughout the years. But also many more " Should have sold for a profit while i could" regrets.
I think he is talking "SHORT" term.. long term, obvious up trend, short term, down trend. Question is, how much of a pull back, and do you want to risk selling in hopes of buying back lower, or missing the boat. ?? That is the question.
Just to clarify. Depends when you bought it. With a margin account, your funds from selling a stock will be available to use right away. But whether it counts as a day trade depends when you bought it.
Example 1 Monday you by 1000 shares XYZ in the morning, you regret your decision and sell them end of day. You made a round trip ( buy / Sell) in one day, so that is a day trade.
Example 2 Monday you buy 1000 shares of XYZ, you regret your decision, but hold them over night and sell the next AM. That is NOT a day trade.
In either case, your $$ from the sale will be available right away ( if you have a margin account).
If you have less then 25K in your account, and you do more then 4 day trades in a 5 day period, you get flagged as a "Pattern day Trader" and they will spank you by taking away your ability to get immediate settlements for a period of 90 days i think.. then you can get it back.
If you have over 25K in your account, you can buy and sell ( day trade) as much as you want. ( please correct me if I'm wrong )
So get a margin account, just be careful about when your selling. Only sell the same day if you really really need to. ( stock is tanking or on the flip side, it runs big just after you buy and you want to take profits because you don't think it will hold up over night) Try to hold over night if you can. I try to avoid "Quick Flip" type plays and promo type plays. While you can make some $$ on a promo or pump play if your timing is right, you need to get in and out quick usually, and holding over night is a bad idea. So use your day trades wisely !!
Agreed !
She didn't give up her shares.. she retired 150 mil common for 50 mil series B that are convertible at any time into common. Conversion Rights: Each share of Series "B" Preferred is convertible at any time, and from time to time, into three (3) shares of Common Stock one day after the first anniversary of issuance;
BUT what is good is they are now locked up for 1 year. They can not be converted until one day after the first anniversary of issuance .. which would be this time next year. But you still have to count Preferred shares and what they convert to when talking about how many shares are outstanding. So technically nothing has changed, other then the shares are locked up for a year, which again means they can't hit the market, which is a good thing.
Whats the story here. Why is she running?
Dont see any news per say
Thanks
Yes. I do know that.. but filing dates depend on there fiscal year. Thus the orginal question as I didnt know their fiscal calendar. I Googled it.. here is what i found.
So I dont think my question was quite as stupid as you made it seem.
Done with this now and moving on.. Good luck to ya.
10-K: for Fiscal Year Ended 10/31/15 due Friday, January 29, 2016
10-Q: for Quarterly Period Ended 12/31/15 due Tuesday, February 16, 2016
10-K: for Fiscal Year Ended 11/30/15 due Monday, February 29, 2016
10-Q: for Quarterly Period Ended 01/31/16 due Wednesday, March 16, 2016
10-K: for Fiscal Year Ended 12/31/15 due Wednesday, March 30, 2016
10-Q: for Quarterly Period Ended 02/29/16 due Thursday, April 14, 2016
Excuse me.. geeessss. I dont have time to read ever fricken post on this board. Thought they came out ever quarter..(3 Months) thus Q Last one was in NOV.. so was thinking Feb.. guess i was wrong.. Thanks for the info.
Anyone know when the next Q is due?
Break of 16/17 tomorrow woudld be nice. But I think still might pull back for a day. Still ok from the techical perspective. Nice pennant forming. So its all good.
??Head and shoulders is not confirmed. Your missing the other shoulder.
But good luck to ya..
http://www.investopedia.com/terms/h/head-shoulders.asp
Either way.. the gap was filled two days ago when it moved to .0015/.0016
so no gap there any more !! lots of resistance though still in that area I would guess as we sat there trading for a few days, before the gap down and sell off to the .0000's. Give it time .
Charts are tools. Gaps tend to fill before the next move. It's just a guess. I don't think that saying it could cause. Real problems is accurate. It's just a place the stock might stall or hit resistance. If company fundamentals are good and news hits. Gaps in charts don't mean squat.
Hey John, good job sticking to your rules for trading.I would have to agree, Last week this looked doomed. So cant blame you for holding out. I think people need to realize, things dont alwasy go as they would like. This CO is not glamorous, doesnt have a flashy product to put out Fluff PR's about. People are so used the the flash and dash and pump and dump of the OTC, they dont have the patience to let this play out. SO word to the new folks.. THIS IS A GARBAGE COMPANY.. they recycle stuff .. boring boring boring.. BUT there is huge $$$ in garbage. I have a multi millionair friend who made his $$$ running a small Garbage CO.. Best part about garbalge and recyeling is .. Unlimited supply of resources to work with and only getting bigger.. Have some patience. !!! GLTY
Eh. No thanks. 1.8 billion shares out. No assets no income Just hype. I'll stay with gnpt
Liking my 0005's and 0006's now !! lol
my 0011' and 0012's are looking better.
my 0020's 0030's eh not so good yet !!
my .0080's still got a ways to go.. BUT who knows.( only a few of those anyway from the last run ..
Let hope this clears the air on this and keeps us profitable !
Ya.. I don't recall seeing that website before.
I found it when I did a good map Satellite view of there address. It shows up as Metal Max recycling. as Well as Samson Auto parts. (which is there recycle auto parts div.)
It is a sub division of GNPT.. Point being is shows there making progress and doing what they said they were going to do.
So if there using some of these funds from the sale of shares to move forward, then that is a good use of them.
iMOH.
This is old news.. but i dont recall seeing it.. Kinda supports the statement about adding value.
http://www.greenparts.com/2013/08/12/greenparts-updates-progress-on-two-new-facilities/
Also.. Dont recall seeing this before.. but again.. maybe i missed it.
http://www.greenparts.com/wp-content/uploads/2015/06/GP-Press-Release-June-5-20151.pdf
http://metalmaxrecycling.com/
Like i said maybe old news.. just stuff i hadn't seen before..
Got a few million 5's today .. hope i want them next week.. LOL
Have a good weekend all.
What is there to PR. This is a scrap yard /recycle /junk business. Not like there having any huge product announcements or scientific breakthroughs. As soon as he does pr something , then people complain it's just fluff. So might as well save the $$. PR'S aren't free. We get a quarterly update when the Q's come out. So why waste$$ on share holder updates. I think if something substantial happens he will pr it.
Flippers.. by a million at .0012.. sell at .0014 or .0015 .. make a quick 200 to 300 do that every day.. ?? nice little side income. Company needs to give people a reason to hold. news would be nice.
Added a million to my holding today.. I think bottom is in and bounce soon. but who knows.
Have a great day !!
Realistic based on current share structure and facts that are currently available .03 would be a realistic price for now.
If the company continues to turn around, then yes, that woudl be higher. But as of NOW.. that is realistic.
Look back at my previous posts for the calculations if your interested.
This is based on using EPS from last Q and also looking at Revenue.
NOTE: EPS valuation only really means something if the company is making a profit, which they did last Q. so they need to keep making a profit.
Revenue Valuation method is more suitable to a company that has not shown a profit, but has revenue so I used both methods, and both show about .03
Good luck to ya.
( PS, that was based on a share structure of 250 mil outstanding..which we are not at yet)
He could be right, or he could be wrong. He tends to look at all the negative when it seems to suite is agenda, Then flops to positive when again it suites his agenda. Most of us are looking more long term and looking at what is positive here.
Here are the positives.
1)Millions in annual revenue and business is functioning and operational. Not just some idea that some one is trying to get off the ground
2)Last Q they showed a profit of around 250K after expenses
This means if they continue this trend, they can pay off debts and not have to take on any more debt.
3) Business has been in operation for some time. Not a new business.
4) US Gov is taking steps to help with declining Steel prices which is mainly the cause of GNPT's decline in Revenues. ( Whole Steele industry is in decline, not just GNPT)
Here are the Negatives.
1) Company has large debt load to service. Debt was taken on to keep company operational during this down turn.
2) Some of the debt is thru convertible notes. Some of which are now being sold into the market to repay they loans. Causing depressed share price.
3) Uncertain as to status of alternate streams or revenue the CEO talked about last spring
4) CEO as of late has not been communicative and has not provided updates to what is going on with debt company progress.
SO.. you have to decide on your own.
Personally, if this were some start up that was just selling shares to get funds to keep going, putting out fluff PR's and hype, with little to no rev's and just an idea or plan (Like most OTC B/Pink stocks), I would be more inclined to bail, or at least trade the stock short term.
Since this seems to be an operational business here that is just in a down cycle, and there is potential for a rebound in the future, I am choosing to accumulate, and have taken a more long term out look. But that is my opinion and my plan, and seems to make the most sense at this point. Next Q will be more telling I think what the future holds.
Also, Valuation based on EPS from the last Q puts this around .02 to .03 cents per share, and Valuation based on Revenue also puts this around .03 ( see my previous posts for this calculation) SO. there are the facts, place your bets !!!
Good luck to ya.
No , again your facts/OPINIONs are wrong. They are basing share price estimates on past valuations vs new share structure. Seems like a plausible long term outcome ??
And there basing the opinion that this will start to move soon based on its rank and popularity on i hub break out boards. Which is also a good indicator of how many folks are eyeing up a stock. And jumping in. Been around here long enough to know that if a stock isn't being talked about by the masses, probably isn't much going on with it at the moment but if it is, something is up.
Good post Steel.. That is the Realistic view and most logical conclusion we can make at this time based on the facts. Joe's attempts to drop the price or bash this down are again. Classic basher tactics. Sorry joe, but i have read all you have to say over the past couple months, and I can only come to the conclusion that your not being up front about your agenda. Everything you say.. while partially true, has false hood and misinformation to it as well as a negative slant. Oh well.. your posts are fun to read the tear apart.
The CEO has NOT been randomly and for his own gain, dillutin like some PINK CO's do. The only shares being sold are from conversion that were taken for $$ to help advance or support the Company's operations. Plain and Simple. We went for months without any share structure change. Stop crying reverse split.. that is just stupid at this time. Where Not even anywhere near that point. And logic says we never will be if profits continue to come in..
Have a good weekend .
Don't think the company has any responsibility to report what a schedule 13 investor is doing. How could they know unless they called the person or entity.
I could own more then 5% and have to file a schedule 13
And unless they called me, they would have no clue as to what my intentions were.
Curious? yes.. but
is this a issue the the company is negligent for not reporting ? No.
Since they made profit this Q we could P/E for just this Q
or forcast..
P/E Ratio = Market Value per Share/Earnings per Share (EPS)
Most of the time, the P/E is calculated using EPS from the last four quarters. This is also known as the trailing P/E. However, occasionally the EPS figure comes from estimated earnings expected over the next four quarters. This is known as the leading or projected P/E. A third variation that is also sometimes seen uses the EPS of the past two quarters and estimates of the next two quarters.
So for GNPT lets see.. Earings per share approximate ( not sure how many out standing, assume 200 mil and 250K earning) = .00125 EPS
So PE as of today.. .0022/.00125 = 1.76
Historically, the average P/E ratio in the market has been around 15-25. This fluctuates significantly depending on economic conditions. The P/E can also vary widely between different companies and industries.
SO lets see if we had a P/E of 15?? we should be at 0.01875
if 25 .0315
So sorry but were way undervalued..
Hmm.. how does one determine valuation. Lots of ways.. but lets use PSR ( PRICE TO SALES)
Here is some info. you can read it. if you care to.
http://www.fool.com/investing/beginning/how-to-value-stocks-valuation-methods-revenue-base.aspx
Whether or not a company has made money in the previous year, there is always revenue -- even companies that may be losing money temporarily and have earnings depressed due to short-term circumstances, such as product development or higher taxes. Companies that are relatively new in a high-growth industry are often valued off of their revenue and not their earnings. Revenue-based valuations are assessed using the price/sales ratio, or PSR.
The price/sales ratio takes the current market capitalization of a company and divides it by the past 12 months trailing revenue
Market Capitalization = (Shares Outstanding x Current Share Price) + Current Long-term Debt
So for GNPT estimate of PSR is ((200mil shares X .0022) + 5mil) / 12mil in rev = .45
the lower the PSR, the better. Ken Fisher, who is most famous for using the PSR to value stocks, looks for companies with PSRs below 1.0 to find value stocks that the market might be overlooking. This is the most common application of the PSR and is a pretty good indicator of value, according to the work that James O'Shaughnessey has done with S&P's CompuStat database.
The PSR is also a valuable tool to use when a company has not made money in the past year. Unless the corporation is going out of business, the PSR can tell you whether or not the concern's sales are being valued at a discount to its peers.
If XYZ Corp. lost money in the past year, but has a PSR of 0.50 when many companies in the same industry have PSRs of 2.0 or higher, you can assume that, if it can turn itself around and start making money again, it will have a substantial upside as it increases that PSR to be more in line with its peers'.
So what price would we be at to get a PSR of 1?? assuming that is the bench mark ? lets see
((200 mil shares X ???) + 5 mil)/12 mill = 1 solve and ??? share price would be at 0.035
This is just one of may ways to value a company but you get the point
Nice Find Spuds..!!
Omg your insane. you want him to pump and dump creating more distrust and more pissed off people and more people calling this a scam and all the rest that goes with it. What if this was on the big boards. Would you expect him to do the same ? The who reason for going public is to sell shares to raise funds. All companies dilute that's the point do the can raise Capitol to continue operations and hope fully return a profit. Guess what. He just did that. Good lord. And now you want a pump and dump. Insane