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These trades don't show up on my time and sales on my data feed. I hope you are not one of those cheerleaders pumping the stock...
A break below 10 will be seriously bearish on the daily charts. Lower sing highs and lower swing lows....
Nice! You could get a sweet bounce...
I think there would be more confidence in FSPM if they could post just one bit of evidence that a pharmPod sold by the company is actually being used somewhere to grow something. Shouldn't be too much trouble to get a glowing testimonial from a happy client, unless...
Would also be useful if the FSPM marketing video on YouTube was done by someone other than a ten year old...
Any one else short, or am I to enjoy this collapse all by myself.
Patient short rewarded...
Scott is only allowed to sell 10% of his 130,000,000 post conversion shares? That would limit him to 13,000,000 shares. As he is only paid $60,000 per year as CEO, he might be tempted to sell a few? Take the family on vacation, buy a second car maybe?
Can I ask where you think the shares you bought when you established your long position came from?
How do you think they got into the float?
Can you provide a reference to the filed disclosures where it states that Scott can only sell 10% of his shares.
I actually don't think that it is Scott that converted the shares in q1 2013. But we will know when the annual report is filed.
Could you share the advance copy of the financials that you must have been given to be able to state the revenues so confidently...
Why doesn't Scott Dittman worry about the share price? Because he owns 1,300,000 preferred series A shares. Each preferred share is convertible to 100 common shares. That's 130,000,000 shares folks! If he sells them at $0.10 each that's $13,000,000! There's a lot more obey to be made hyping a stock and dumping shares than building and selling PharmPods.
Although the above is accurate and clearly described in FSPM's last annual report, I do not believe that Scott will convert and sell these shares. He is just the front man.
However one of the three holders of preferred shares converted 20,000 into 2,000,000 common shares in Q1 and is selling these into the market now. We will know which one once they file the annual report, now due April 15.
Because I know it will be deleted, just like every time a post the evidence of the connection between FSPM and it's predecessor entity BBYB, a known pump and dump.
Sound like you may be getting nervous.
Do you want me to post extracts from FSPM's public disclosures that give evidence of dilution as a result of toxic financing and conversion of preferred shares? If you want this, I will post the details of the path FSPM uses to facilitate insider selling...
I posted in reply to balance you wild assertion that every time the price drops it is because the stock is under attack by an army of short sellers. If you can post explanations for price decline with no supporting evidence in your posts, why can't I?
Just out of interest, why are the short sale numbers that you report so totally different from the official bi-weekly short interest numbers that brokers are obligated to report to FINRA and that are published on the OTCMarkets site, the organization that actually administers the OTC markets.
If as you erroneously claim, 50% of sales day after day are short sales, then where do the borrows come from? Does this phantom army of shorts never cover?
The numbers you so gleefully quote are totally meaningless. They include transactions in which a market maker, as part of their role in providing liquidity, are momentarily short, and then possibly one second later complete the other side of the transaction and their position is restored to net flat.
Otcshortreport.com is operated as a service to stock promoters. For a fee, they will issue a special report on "proving" that a promoted stock is under attack from an army of short sellers.
Were you not aware of this, or do you provide stock promotion services for a living?
Back to 6.90, insiders continuing to dump shares.
FSPM @ 7.01 how low can it go?
Revenue is down! Q3 revenue was $1,382. Q4 revenue (annual - Q3) is $1,074. ( that's dollars, not thousands!)
Annual report gave NO indication of increase in users over Q3.
VPIG will be out of cash by June.
Time to exit at a good price!
Lol you say anything no matter how technically incorrect to say something positive about FSPM to support your long position!
Yup you would have to be offline for as long as one second to completely replace a web site
My guess is that Scott is so busy building the company that he forgot to pay the invoice to the company that hosts the website.
You don't need to take a website offline to update content!
Well it's falling all right...
Took a long time for this one to crack. Patient shorts are rewarded in the end.
Websites can be updated without taking them offline!
OK, thanks for clearing that up. At least we now have agreement that it is a promotional website.
I agree, they have a nice balance of paid promotional PRs and unpaid re-posted PRs from legitimate companies. This approach fools the noobs...
What would be the trigger for this site to publish old news from an insignificant OTC company?
Old PR published on Friday on a site
http://www.financialstrend.com/fusion-pharm-inc-otcmktsfspm-to-expand-its-partnership-with-growlife-inc-15623.html
This site features PRs from known pump and dump scams such as PLPL
Interesting that insiders are paying to have old FSPM PRs posted on penny stock promotional sites. Someone is dumping...
Please do not post a photo of this on this board. We are not interested in your perversions!
Or are you talking about the new DTTC policy?
I don't understand
Well I just found it interesting that their PR was posted on a stock promotion website today. I wan't aware that FSPM was promoted last March. Thanks for pointing that out!
Interesting that FSPM would be featured on a PR site that profiles promoted penny stocks, and at least one long term pump and dump.
Wow, I think I would be a better salesman for pods than you would be! The company is offering specific configurations of pods depending on client needs. This is a positive selling point! The HVAC that would be installed in a pod would be totally different depending on the environmental conditions in which the pod is used, as an example.
The value added that FSPM brings is the knowledge of how best to configure the pod to meet client needs.
I find it a bit strange that the resident evil short (me) has spent more time thinking about how to make the business profitable than the resident cheerleaders.
Are you growing hydroponically, or in a sterile growth medium? Is the pod housed outdoors or indoors? If outdoors, in Florida or Canada or Arizona? Are you growing to harvest or to propogate (different light spectra required) is security implemented at the pod level or the facility level? Huge number of configurations to grow the same product. So which is the standard? If a pod can't be built to meet specific client requirements, there is not much point in buying one.
OK, you are about 90% correct, but the history of the shell biases me to the short side.
No, of course not. Can any of the long biased cheerleaders provide links to evidence of any recent sale of pods other than a PR that talks about an "anticipated sale" or someone who claims to have spoken to the company and reassures us that all is well.
When you trace the history of the company, it was BBYB before the name and ticker change. BBYB was a pump and dump scam, the insiders holding a chunk of the free trading shares have not changed.
Why do you think I am short? Just to annoy people like you?
Perhaps you should direct your attention to the insiders who are dumping shares at a faster rate than new "investors" can be found.
The numbers of shorters is much smaller than you imagine, although we do exist.
Your comment could apply to almost every post ever made on iHub! That is why I suggest that all traders read only SEC filings or disclosures posted by companies on OTCMarkets. Any non-factual statements made in company submission can lead to trading suspensions or criminal charges. As far as PRs are concerned, if something is not sated as a clear fact, then it is meaningless!
The only other fact that matters is price action! You can never really know why the price of a stock is going up or down, only that it is going up or down. Trade in the direction of the major trend, and you shouldn't get hurt.
As Dittman sits on the Board of Directors of Greenway Wellness, it would have been relatively easy to put a letter of intent in place, with signed contracts to follow as zoning approvals occur and facilities are readied to receive the pods - this part of the work at each site may be substantial. Commercial buildings are designed to unload a container at a loading door, not move the entire container inside a building!