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It isn't about a view - it is the fear of a reverse split that would wipe us out completely. If we were assured that it won't happen then there is an argument for hoping to gain value in the future.
too late to rescue any value, but if R/S then there is no hope to see a return of any kind.
someone wishing for 2s got their wish... too bad.
sorry - 160 million some 2s and some 1s....either way it sucks for us.
a few hundred bucks could paint it back up to .0003 but I guess no one cares to do it.
and a 100 million dumped at .0001 Bye bye my money thrown in here.
WHAT??? almost 70 million shares just dumped at .0002
As the O/S rises we are about to find out what kind of people are running FEEL. If they have used the convertible loan funds wisely they will have some concrete information to announce about how the business will be successful: make the wedges conforming and stop fighting the golf rules, sell more products than just Igotchas, get some endorsements from golfers using the products, and make the website workable. If, on the other hand, they reverse split and wipe us out and try to dilute back to the 2 billion once again, then we will be ruined but they LEE MILLER AND FRIENDS....will be revealed as scammer scumbags. The time is coming soon and TIME WILL TELL.
BB, what was the total loan? I don't remember - thought it was 250000 but obviously that is not correct.
There are alot of questions that we are hoping to have answered in the financials. Don't expect big revs. yet but the amount left on the convert. loan and the activity with the new acquisitions since the move to Florida will give a positive (or negative) direction.
One thing we need to know is that Lee is making FEEL a real company and not a stock selling scam for a few friends. I cant bring myself to look up the share price and OS at the time the Long Side loan was made, but they have to have gotten at least 400,000 out of selling the stock. Even at an average of .0005 and 800 million shares. How much of the loan is offset so far? Anyone who thinks there will be a buy-back or any cash paid from FEEL to pay down the loan is wrong - the loan was money they needed and the only real source for operating capital. We are stuck with the dilution, but how is it paying down the loan and when will it end? Is FEEL really producing revenue? Was the move to Florida good for business? Is the new location up and running? Where and how are products being manufactured? Are new products - club designs, not just the ball retriever and grips - being developed and ready for sale? Where are the financials? Does it always have to be down to the deadline on filing? Or are we just going to get a filing for extension?
No the company doesn't have control over the converter, but they do have control about the financials being on time, about who knows how good or bad they will be, and about who Long Side is (buddies who can dump before bad news??? or they would hold for a higher price...) Also updates to the company progress and what is going on with the website/online store.
Don't you wonder who the conversion people are and how well they know Lee and friends? And how does this trading happen? We buy all day long on shares they hold back and then this conversion at .0003 covers what they sold us at 4? I fell right into that trap.
shouldnt be happening if good fins are about to come out.
my 2.5 million but didnt do a thing for the trading to get rid of 4s. How many are out there....way too many
well I just grabbed half of the supposed 5 million 4s and the number of shares showing on the ask didn't change. Is that just etrade being slow?
How can Long Side still be owed 150,000? They must have converted at least 800,000 by now. We started at about 50 million shares.
If Long side converted a billion at .0002 average, they would get 200,000 if that is how it works to repay the loan. and the sold them for an average .0004 so they got back 400,000 cash. Isn't that enough???? couldn't Lee have gotten a better deal than that somewhere?
Did you guys get filled at .0004 today? Filled at bid and didn't have to pay the ask? Is that a good sign...I don't think so but wish I had gotten some of them if it happened.
Beach Bum, don't you wonder who long side is? Buddies with Lee? set up just to fund FEEL and if so, why? How close are they to Lee? Is this a way for some buddies to control the company with a relatively small input of cash? Makes me wonder....
I think they wil probable dilute the whole 2 billion before they are though.
Who was it that jumped on me for posting that the end-of-day big trades were dilution. When will it ever stop?....maybe when it hits 2 billion? Come on Lee, get this act together!
Not so happy to see more end of day dumps that must be more dilution.
Slow day here - maybe everyone is out playing golf with their FEEL equipment?
Thanks. Best to have one contact person from the board rather than too many people annoying the leaders.
Just checked the FEEL website - it looks pretty good, but the investor section should be updated. It looks dishonest to show the float at 40 million even though it says that is as of Dec. 2010. Also, is the COO still with FEEL?
good thing b'cause i need a TON of upside.
I hope so. I did what I could by averaging down, and I can only wait to see if FEEL is a real business in the pinky underworld. It could make my life alot better if Lee comes through.
A real company can survive with a billion shares, but I would like to hear about product development as hinted about last year. If Lee used the loan money to good use it may turn out okay for us. Not happy that they pay Barwicki and we get nothing in updates. He is a waste of money IMO.
Beach Bum, I am encouraged to hear you talked to Lee. I wouldn't want everyone to be calling him but it makes me feel better to think he is really running the company and MAYBE they are selling products and developing new ones. I hope they make this a successful company. NO WAY do I think they will pay back the convertible loan - it will go on diluting because they must have been desperate for cash to make such a bad deal. I would love to know who Long Side is. Are they anyone who cares about FEEL or Igotcha. Time will tell. I hope to eventually make some money here or at least get back what I put in so far.
BeachBum, Have you talked to Lee? If he is really developing new products and the IG products are selling then we still have hope for the share price to reward us. I just want to know that he is on the job since the IR guy is so lame.
If Lee is developing new products, as was previously posted, it would help to hear something from him in a pr about how much progress is being made.
settling a lawsuit could be a good thing, but I thought we had a better relationship with IGH. Makes me doubt the management of FEEL.
I was guessing that the mods had some kind of communication from Lee (who they have claimed to talk to in the past) that let them know something ahead of the filing.
I certainly ope it is an opportunity - just wondering why the enthusiastic supporters/mods bailed out just now.
I was suspicious of the timing of our mods leaving - they must have heard something about this dispute about our new acquisition. Not very good management when IGH was supposed to be our revenue source for new product development. Lee needs to step up with some positive business plans or we will be down to no bid.
It has been slow since our mods left - need to generate new interest by finding out something from Lee Miller to energize the idea of a promising company.
I don't think that "they" are playing games. Put in order at ask and immediately went thru - put in order at bid and it sits there. It's just the market.
looks like i missed them
are you guys getting 7s? i have averaged down so many times - hard to throw any more cash but 7s are tempting.
Familiar names showing up here as we finally get out of the triple-zeros. Looking good - now let's drop another zero!