I don't think price responds to overbought/oversold signals when a company is bankrupt and not even able to file reports..

Nonetheless I was happy to double my money in a week - so covered my 0.07 shorts at .035.

All the technical signal hunting means squat when a company lacks fundamentals, like anything approaching a rational business plan.

There is still a play here. They haven't even been able to comply with OTC regs for filing of Q12017 10Q. They are out of investor cash. Bankruptcy likely. Sell short here at $.07 and sextuple your money when it hits $.01 in a few weeks. Currently 10% short interest - the OTC market makers may or may not allow more. I'm going to try, and let you know what happens. The lesson about this company - if it smells like a stinking rat at the start (google pump and dump NUGN) it probably is not a rose disguised as a stinking rat - it really is actually a decomposing rodent.

Down to 15 cents. It will be a penny or two soon.

The answer is to look at their financials. See current report on Edgar.

https://www.sec.gov/Archives/edgar/data/1593549/000161577417001634/0001615774-17-001634-index.htm

It's dismal. Their revenues are almost non-existent, and they spent like drunken sailors by borrowing more and more money. Why anyone would lend them any is beyond me - those whole thing is riddled with bankruptcy risk.

Other than the pump and dump shareholders at the start, and the short sellers, everyone else has lost money.

It's very sad, really. Sorry you got hurt.

Notice their 10-Q (quarterly report) for Q4 2016 is about a month overdue? They didn't even bother to file a "we will be late" form with the SEC. That cannot be good news. They don'y have enough money left to comply with the rules???

Today they filed a 10-Q which says they cannot timely file their Q1 2016 financials. Why? it would be an unreasonable hardship. Wow! that cannot be good news. Stock is down 20% near the close.

NUGN touched 42 cents this morning. I'm getting good at this prediction thing. Holding my shorts still.

Touched 0.49 today. Liquidity drying up. Lots of bad news, no good news. The pumper dumpers have flushed the toilet and left the privy. Time to declare this thing dead start the funeral procession.

I predict below 50 cents this week, and below 25 cents in a month.

The latest 8K says they are borrowing again BUT the proceeds of the new loan are going to pay off old loans, not grow business. This is a very, very bad sign.

They said in the 10Q that they only had enough $ for one quarter. That quarter just ended. If they have borrowed or begged from someone in the meantime, they would have to timely file an 8K to declare it publicly. They have not. My read of the data is that I don't think we are talking about a stock price collapse, but an insolvent company that cannot pay its debts and other current obligations. Maybe I'm wrong.

More from the 10K:

We currently need to raise additional funds to continue our operations and still pursue our growth strategy and if we are unable to raise that capital, we will need to curtail or even to cease operations.

Our current cash and cash equivalents are insufficient to fund our operations through the end of our first fiscal quarter in 2016.

Additional funding may not be available to us on acceptable terms, or at all, and without that funding we may not be able to continue operations.

So, what do you suppose they have done in 2016 (after the period of the report, through Dec 31, 2015)?

This tidbit is revealed in the report....

"Additionally, we were unsuccessful in several attempts to raise capital during 2015 and early 2016 and these failures have put our Company under significant financial strain. "

" If we are unable to obtain adequate funding, we may be unable to manage our existing outstanding debt, and may be required to significantly curtail or even discontinue our operations."

Somebody bought 125 shares this morning at $0.69. Must be a market maker needing to take a 0 off the board. Who in their right mind would invest at this point?

Chapter 11 here we come?

They reported today, and my suspicions are confirmed. They keep borrowing from whomever will give them $25K at a pop, but that is chicken feed compared to their burn rate. They ended the fiscal year with a measly $23k in the bank. That's a few days operating expenses for these big spenders. They even admit it looks dim for them in the language of their financial report. Here is what floors me - there are penny stock investors who see this collapsing house of cards as still worth $25M. Weird math is all I can say.

It must be more bad news - they continue to NOT report their Q4 2015 financials. This is like a death watch.

Still waiting on those current financials. The 3rd quarter 10Q was filed Nov 12, 2015. That was FOUR months ago. They are now a month later than their usual reporting pattern. Delay is in the air. Something they don't want us to see? Just wondering.

Nugene is not on the NasDaq Global Exchange - it is an OTCBB stock. There are no minimum price or share number or valuation requirements there. While the NASD owns that show, It is merely a quotation service. Now if NUGN fails to comply with SEC reporting requirements, they could get bumped down to the pink sheets. That might be fitting. The pink sheets have a tiering system - I believe there are 5 - from "trusted" to "toxic". Would be interesting to see where they end up on that scale.

The last three quarterly reports were filed 2015-11-12 and 2015-8-12 and 2015-05-15. Logic says the most recent 10Q should have been filed around 2016-2-12. That was several weeks ago. Anybody want to speculate on why their reporting is delayed? And whether that has anything to do with the stock being down 15-25% mid session today?

Down to $0.50 now. I believe the quarterly financials are due out soon which could be the final death knell. If there are any insiders left who can sell, this is probably when they will do so.

I would add this to the list:

1. Investigate and look closely at the founding events fort the company. A pump and dump usually has telltale signs that there is going to be some stock manipulation. This one had all sorts of signals all over it from the start.

Several contributors on seekingalpha did the heavy lifting early on:

http://seekingalpha.com/article/3226366-nugene-international-blatant-hardmailer-promotion-with-99-percent-downside

and

http://seekingalpha.com/article/3400215-nugene-international-why-this-promoted-122-million-company-could-drop-70-percent

BTW it has now surpassed the 70% decline prediction.

2. Check out the science with some independent expert in the field. They may point out that it is complete crappola. They are not always right (maybe only 98% of the time) but even if wrong they can give you good questions to ask.

The guys pushing NuGene didn't have the background scientifically which was easy to find out.

3. Common gut sense. If Kathy Ireland designed a complex biology product, as they advertise, then what does that tell you? The follow on question is - what was wrong with the other near identical product she invented the year before then dumped when she got a better licensing deal?

It was a legitimate question. You painted yourself as a small or retail level investor, but also getting the big fish, deluxe, first class wine and dine tour and pitch. Odd that you did not see the disconnect between these two descriptions. Thanks for the frank answer to help clarify. I'm imaging you are now glad you didn't take the bait on this opportunity.

Travel5 - I'm curious about this. They let you see the labs where the products are made?

Then they introduced you to the investment group that backs them? That's may be normal for a big investor contemplating large investments but rather extreme for an individual "humble investor"

See if I have this right. They roll out the whole management team, give your the tour, arrange to meet the big fish investors ... all because they seek the potential purchase of a few hundred shares of stock???

This smells of desperation. Real desperation.

Shorted this stock at $1.50, now at $0.71. Agreeing with you doomsayers who say the bottom is closer to $.01. I'm going to see if there is any more to short.

As I said, hold onto your shorts. I was going to suggest exiting short positions at $1 but now thinking why stop there. Ten cents seems a reasonable target. Am I being too greedy?

Down to $1.25 and still sliding at a rapid rate. I suspect the dump is complete. Nobody left to buy and sell except the past and future victims. Holding on to my shorts.

No worry there. If your information leads you to conclude that a stock offering adds up to scam, that is your opinion. Opinion is constitutionally protected free speech. If you were to give untrue information painted as fact e.g. "Company X paid a bribe to a Chinese official" and it can be proven false, then you might have a problem. But pure opinion? Right or wrong - No problem.

Lastet 8K from NUGN. Suggests they are running out of cash, but they convinced a "sophisticated" investor to plop down another $500K to keep this disaster afloat for yet another quarter of unrestrained spending on all sorts of foolishness. Stock declining daily, now close to $1.50 which puts even the very recent option grantees underwater. Time to abandon ship? Who is this qualified investor I wonder? I'd like to sell him the Brooklyn Bridge. Looks like they are also peddling promissory notes at 15% interest. Desperation? That's prime plus double digits! Hey - maybe you can rent another decades-past-her-prime former celebrity who will (and does) endorse anything for a few more shekels. Invent some more science fiction? Go for it. It's only a matter of time.

It's all about gravity. When valuations are absurd, not tied to actual value, you always know there is a reckoning day to come. Like shooting fish in a barrel.

You can still make a killing on this stock. Short it now - it is heading for 10 cents. Make up what you lost by falling for the pumpers game. You cannot beat pumpers with insider knowledge and 11M original shares, .

That last press release shows desperation. The new distributor (hair products to salons - far afield) has 7,000 accounts and is only willing to test NUGN in 2 of those. A display of confidence?

Why not just write a press release every time the CEO farts? Just as meaningful.

You can find it all on Edgar

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001593549&owner=exclude&count=40&hidefilings=0

Pay attention to latest 10Q - it's a train wreck

Volume has dribbled to very low levels. Seems maybe the pump dumper went on vacation, or is waiting, biding his time. He will return, they always do, like a dog to his vomit!

Let me guess. Both grants of 1,000,000 shares were to employees named Kharazmi. This would be the typical way to thumb noses at regular shareholders while the board of directors rewards themselves with more shares. They compensate for falling stock prices by just having more to sell. At a discount, no less. Wake up, folks. The shares you are buying are being diluted like crazy.

Oldest tricks in the book.

1. Facial aging is asymmetrical, and it is the left side that ages faster in the U.S. but the right side in the U.K. Any guesses as to why that is?

2 They advertise the product as "increasing ... inflammation". inflammation causes edema. Fluid that temporarily puffs up the skin. Lines may disappear, but aging (which is largely caused by inflammation) is actually accelerating, not reversing.

3. Notice the lack of symmetry in the smile. Its simple enough to elevate your lip up more on one side which typically stretches and disguises wrinkles. Try it yourself in the mirror.

Miracles happen all right. The miracle is that this kind of flim flam is allowed to continue and that some folks are getting their pockets picked by the pumpers and charlatans. It's deplorable.

Centerpoint Securities suggested (unless they ran out of inventory) for shorts. No options, sorry.

Many ways to be short. I could be selling buy options, but in this came I am buying sell options (puts). I went for January in case I need to be more patient than first big dip. Doubled my money last time, expect to do the same again. This is a poor foundation business with sophisticated manipulators setting the stock price through a variety of means including the weekly PR (every Monday) with some bit of fluff or another. It's quite easy to increase sales by 154% YOY when your denominator is your first or second quarter in business and you sold a pittance of product. Its easy to say we bought an FDA approved OTC to which we are adding another ingredient unless you know that the FDA will require that to now be resubmitted as an entirely new drug, and likely not an OTC class but a full drug reg. (not an inexpensive feat). So the news is filtered, washed out of meaning, shaded to sound good when it really is a bunch of Keystone Cops in charge. How stupid do they think we all are, anyway? I can hardly wait for next quarter's financials? How will they make up the difference between burn rate and revenues? How big are the legal fees? Any injunctions? How much more smoke and mirrors? Does Kathy invent her next (3rd in a row) stem cell company? Stay tuned.

Predictable bounce. I took a short position again today. Will sell when it dips again. Easy money. Nothing in the press release about only a few months of operating capital left given the monthly losses.

Exited my shorts at $1, now expect this dead cat to bounce perhaps all the way back to $2. If so I am ready to take another short position. Expect by next week this P&D will be permanently sub $1. This is like shooting fish in a barrel.

10Q says: $486K cash left, but ongoing negative cash flow (spending more than revenues) of ~$250K per month. So that means they will have no operating capital in 2 months. Not a pretty picture. Can they raise more money at the current valuation? Not likely. Why would anyone buy shares at this price when it is obvious they can pick them up for a whole lot less in a few weeks or a month. Once the dump is completed by the guy who started with 11M unrestricted shares he bought for a few pennies each, then spent $2M+ on the pump. So then what? Bankruptcy? Kathy supposedly got $350K up front, plus guaranteed royalties. She may be the only winner in this mess. Mind you, she could lose some of that in the court case.

Go to rfcexpress.com and search on

Stemage Skin Care v. NuGene International, Inc. et al (or just stemage)

Go to court documents.

The main one is Complaint (Attorney Civil Case Opening)

26 pages, it will cost you $6.99 to download, but it says a whole lot you need to know if you own or are considering owning (or like me, shorting) NUGN.

The claims against NUGN and/or and Kathy include:

(1) COPYRIGHT INFRINGEMENT;
(2) INTERFERENCE WITH
CONTRACT;
(3) INTENTIONAL INTERFERENCE
WITH PROSPECTIVE ECONOMIC
ADVANTAGE;
(4) NEGLIGENT INTERFERENCE
WITH PROSPECTIVE ENCONOMIC
ADVANTAGE; AND
(5) CONSPIRACY