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Good to see someone still alive here.
I know you probably cant answer but I'll ask anyway - Care to elaborate on what 'revealing' means?
What do you suppose the chances are of the company coming out in any sort of good shape from the case? Cant we just throw LB where he belongs and start anew? Oh yeah thats what BJW says we are doing. Lets get going BJ! I cant wait to be rich!
zzzzzzzzzzzzzzzzzzzzz...
Been lookin at VNTB. I did follow this a year or so ago. It was promising at 3 cents but is currectly far below that. Big longshot now Id have to say. Just didnt seem to take off.
You got that right, the time is now! They need some sort of action while everyone is still thinking about the hurricanes. The kettle is hot.
Glad to see the trading stabilize. Guess I got in a couple of days too early.
VNTB looks intersting but hard to find info that is recent. O/S shares are dated from 2001 with a 1 for 100 reverse split pending? Ive seen numbers at only 500000+ shares outstanding, seems a little hard to believe considering the share price. Would be nice to know where things stand right now. The name sounds farmiliar to me, I think I followed this before.
750million "AUTHORIZED"!!! Not actually issued and out there yet. In the life of this company there are only 100 million (plus a few) actually issued. Since when, 1996 I believe. So thats 100 million divided by 8 years = 12.5 million per year, times an average price of 30 cents over the years(anybody wanna guess on this) = $3.75 million per year divided by how many parties (LB, AS, WM, BW, engineers, research companies, other developers, etc)so thats 6 parties, minimum, = $625,000 a year, per party, MINUS EXPENSES! Yes they do have expenses (it costs money just to issue the shares! Have an office, pay the power bill). And seriously thats probably high. But I guess if someone paid me that to put up some phoney PR's and pay the bills I wouldnt complain. But with a little bit of effort they could have had millions. The original analyst report in 2001 called for a price of $18/share by end of 2006. So LB's 27million shares alone could have been worth $486million. Some analysts were calling for $100/share. You'd have to be some kind of idiot to turn that down.
Or here's another idea. Drive the stock price to $1, issue 5million shares in a private placement, and bam, theres that financing deal that they just made, but now its owned by PWTC instead of someone else. Build the prototype, issue more shares, at probably more than $1 now, and build your own damn production facility. Now 100% of the profits are owned by PWTC. This is probably what the analysts saw when they first issued their forcasts. Takes some kind of idiot to screw that up (I know, dont answer that).
But anyway, Im tired of doing the math for all of you so Im off for tonight. See you tomorrow for another exciting episode of AS the Battery Cranks. :)
"it would almost be impossible to push this thing anywhere near 1.00, at the current state of development".
You forget this company once sold for $2 a share, with the same BS(?) stories coming out. That is why I say they need something concrete to occur if they really want to capitalize on share dumping.
"if they drive the price past .04 cents they get the stock thrown right back at them"
How do you figure 'right back at them'? Once new stock is issued the company doesnt buy it back on trades, it is bought by other investors.
"The principals have hundreds of millions of shares available, that they can dump at .03+ cents, for huge money in their pockets"
100million x 3.5 cents = $3.5 million, divided by how many parties? Hardly big bucks. 100million shares at $1 = $100million - now thats big bucks. But I guess if its free money...although it is costing them something to duck and cover their asses all the time eh?
"why let it get too high and let others have a chance of dumping."
Because 'other' shareholders coming and going is what drives stock prices up. There is always someone who thinks a stock is worth more than it is now. But if you suppress it on purpose, then you never have that opprotunity. All they have to do is hold off on dumping and they will see what happens.
In the end Hasher, I just think these guys are missing out on the bigger opprotunity.
I still fail to see the logic of keeping the price low. Every book Ive read on stock promotions depicts the promoter pushing prices up by creating a false euphoria. The promoter knows when things are going to happen and therefore has the control to know when and how much to buy and sell. (Yes they do 'play' the stock as opposed to just dumping). The higher a stock price goes, the more investors you get jumping on the bandwagon, willing to pay any price to get in on the action. Since the promoter has control on when the promotion stops as well, he can be fully liquidated, thereby leaving shareholders holding the bag when the bottom falls out.
Why do the PWTC chimps continue to be happy selling stock for 3 cents when they could easily push it to $1 and make 30 times more cash (if they really are just dumping)? They do not seem to know how to run a promotion (ie: keeping their shares on the side until the price rises). A real promoter does not care who else makes money, just that they do themselves. Or, this is not a promotion at all, just businessmen who havent got a clue.?
The trades at 2.5 cents have been minimal in volume. Only 17500 shares total today. The ask has now changed to .05 (depending on which board you watch), which is high and the spread is wide at the moment. A few trades at the ask may start a upward drive. Keep in mind also that few investors actually read OTC stock news EVERYday like we do. It will take some time for the news to filter down and people to react. Also keep in mind that, as hasher continues to remind us, that this could all be bogus, again. Serious upward motion will probably not occur until something solid happens, like an actual prototype. Long way to go yet.
Not worried yet. I just didnt expect such a drop. I buy companies with the intention of holding for at least a year so Im in for the longer run.
Hmm, good thing we hired that patent lawyer to be CEO eh? Perhaps some movement afterall?
Hasher, dont quite follow what this has to do with LB's case anymore. Company's trying to move ahead. If LB ends up in jail, then we can leave him behind for good. Im thinking this is why he locked up those shares - to protect them when he's in the big house.
And dont worry that the patent is 'pending'. Most companies products are on the market long before a patent is ever granted. Cumon, you cant possible tell me you have never bought a product that says 'patent pending' on it?
hockeydoc5 - the 'issues' seem to be clearing up.
Anyway, long way to go yet. And if this company's history is any indication, the fun is just begining.
7 cent close! What up? Either we're already dead or those buying at this price will make a fortune.
Anyone want to disseminate this story?
http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGe...
I dont know how they are going to 'restructure the authorized stock' considering they only have 22 million shares O/S. Certainly the price needs help at .005 (to secure financing), but even if they do a 1 for 10, that only pushes the price to 5 cents. they would have to do a 1 for 100 to make the price make any sense (1 for 200 really)but that would leave them with 220,000 shares (110,000 shares)?
I still think this one is very promising.
I get a kick out of the bid and ask after the market close. Wall Street City has PWTC bid 1 cent, ask 1.04 (wouldnt that be nice). I know, its just traders pulling their orders off the board at the end of the day. Had a stock once that was trading at $4 and when the markets closed the ask would go to over $1000!
PS to all - Wall Street City is shutting down as of Nov 1. Another good site down the toilet. They provide a link to a new site but you have to register and no doubt pay up if you want any info! I havent been able to figure out how to get into the site yet.
Isnt that always the way though, looks good on paper. I have a few friends who are day traders, none of them are rich. As you say there are certainly many stocks who you could apply this practice to. I dont even see having the cash up front as being a problem, its more just the guts.
I dont see pwtc as having a consistent enough volume to do this on a regular basis, at least not at this point in its life. You really would have to trade 50000 share minimum to make a go of it and the trades would have to be at the bid and ask. large volume is great but if most trades are in the middle, youre screwed. In the last month there were 9 days with volume below 100000, unlikely you would be able to buy or sell 50-100 thousand shares all yourself. And if you get caught selling/buying on more that one day, you get dinged by multiple commissions (at least I do). If hasher's outlook is correct, this thing will die off soon and you risk getting stuck with a load. @ $1200 profit a month (based on 100000 share trades), one would have to trade sucessfully 2 1/2 times first off to ensure that your 'play' money is covered in event of the company going bust (5 times if you go 50000 share at a time). There appear to be opprotunities to do it more than once a month but the volume is not consistent. One thing LB must do is be creative with his selling points so that it keeps the rest of the market off track.
I also have to keep in mind that if my trading pattern is too often, the government will brand me a 'trader' instead of an investor and I will lose all my tax breaks. I may decide to go that way one day but not right now.
Glad to see you actually did an exercise at one point. Many friends have asked me to teach them about the markets. The first thing I do is give them some 'homework' in the form of stocks to watch, and then report back to me. No one can be bothered to do the work. You really have to understand the way things work before you go out and blow a bundle on the latest hot tip. Ive been in the markets for 10 years now, have made lots and lost lots, but mostly just learned lessons.
Probably more lucky than astute. I just saw an opprotunity, threw up and order and got a hit. Cant say Ive heard of thet type of financing before. Why would they sell at such a low price? Could have got 30 or 40 cents I think.
I guess Im bored too. I did the math according to hashers post #6967. Even buying and selling 100000 shares at a time, monthly, between 2.5 and 3.5 (if one could hit those targets exactly every time), you could net about $1200 a month (CDN$, since thats where I am). Good work if you could get it. Would take me about 12 straight months of trading to get my initial investment back and from what ive heard im not in bad shape compared to some people. But Im not that brave so I guess Im in it for the long run (into the ground). I trust youve been hearing the sarchasm in my latest posts eh?
Let's hope so, I grabbed some more at .20. Now, off to the races? I dont see it dropping more than this. If it is a true stock promotion then the drop is to let the promoter (and friends) in at cheap prices. Hard to get volume history on this one to substanciate that. If it is a legit company and product, then the news will drive it.
There's the 2.5 cent mark. Buying time? But no takers? Only 1 trade and that at the ask. Hmm, what does it mean. LB and BW taking a pay cut today?
Check out EPYR. The price is right at .005 considering they have already restructured their shares, only 22 million outstanding. The company is presently looking at business opportunities to pursue. At that price you could hardly lose. Announcements are said to be pending. The track record has been only that they have had the right technology, at the wrong time. The Basalt thing is pretty much on hold at this point. They are looking for assets to build a foundation on.
http://www.epyr.com/
Now 16.67%. Aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah. To the moon!
Stock up 13.33% so far today! Whohoo, here we go. Sorry, its just been so boring around here lately.
Might be right but it is also normal activity for an IPO. Traders like to position themselves and see how they can manipulate a stock in the beginning. Things usually settle before 6 months are up. Remember companies on the lesser boards attract traders who are looking for a quick double (thereby the wide bid and ask, they just get lucky or they stay out). When things tighten up, the buying you see (which will usually be none or huge volume) will be longer term shareholders loading up on an opprotunity. PWTC followed this prifile in the early years jumping from .40 to $2 a couple of times with really nothing to substanciate the price rise. These stocks are fun during the good periods but be ready to take the money and run - very few ever turn into solid companies, regardless of how good the product is.
Yup. Grabbed 3000 at .32.
Damn hard stock to get ahold of eh? I been trying for a week now and cant get a hit below .35. I like the technical prospects of this stock. Being a new issue, the timing seems right for positive speculation movement. I could see this hitting $2 within a year, for no reason but speculation and euphoria (when it does start to move).
Do you really think AS will come back to PWTC if he wins?
Today's news. Dont care what they say or why, just get the stock price up and Im outta here. I still say they can promote this thing LOTS higher than they are. Doesnt make sense to me to scam off shares at 3 cents when they could easily do it at 6 or even a buck. All they would have to do is pull their shares off the market and up she goes, then dump at a higher price when the euphoria hits the stock. At this point there seems to be enough buyers. Most investors are dumb, they will chase a rising stock price. 50 million shares at 3 cents is only $1.5 million. 750 million is only is only $22.5 million (split between how many parties?). The loan company can hardly get their money back at that price. I believe there will be larger price increases to come, whether by honest development or scam. Nickle and diming yourself to riches? These guys 'have' to be smarter than that.
I get it, thats LB eating our profits!?
I did that once, it crashed.
hilarious :)
And yet someone just bought 100 (yes one hundred) shares at 3.2 cents! makes no sense.
I'll take a good hype anytime.
Some show price depth while others show size depth, thats why I follow 4 different trading boards. I know what youre talking about though with the sizes being a static number when they go over a certain number of shares, that is industry standard.
Check here, this site gives more than the 5000 sizes, but I guess we have no way of knowing if its accurate.
http://host.wallstreetcity.com/wsc2/corporate_snapshot.html?DB=SQL&template=corpsnap.htm&Sym...
This site is good for price depth. After you enter a symbol, click on the level II quote and it shows price depth, but all the lot sizes are the same.? Who knows.
http://www.otcbb.com/
I am curious though (in relation to our previous posts hasher), why the bid and ask sizes are so out of whack in relation to everyones thoughts? Bid size has been steady at about 400000 and ask steady at 5000, (although I see its 6500 right now) for the past couple of weeks. IF LB and his cohorts are dumping shares, then there should be more available (I really cant see them bothering to submit 5000 shares at a time to try to liquidate 27million+, although I guess if you have the time eh!). It still looks like buying activity to me, even if it is unwitting new investors. As Ive said before, I dont care why it goes up, as long as it does. Note everyone that there has only been one trade at 3.8 cents so far, nothing worth getting excited about.
Im also expecting a runup as the court case approaches. Speculators and vultures will be willing to put up a few bucks just in case this thing actually survives.
Hey Gamood, I guess Im the first PWTC sucker to take a look here. Sounds interesting but 185 million shares already! yikes, theyll have to make billions in sales and have great margins. Price is interesting though. One can probably make something on speculative runup. (droppin like a rock today though)
One question about the technology though. If it is strong enough to hold a structure 'together' through a hurricane, might not the winds just push the whole thing over then instead of tearing it apart? Im no weather or structural expert so im just surmising(sp?). Maybe Gulfbreeze can add his 2 cents.
A much more in depth posting of a quarterly report. This is the type of report that normal, legitimate companies submit on a regular basis. Answers our question of how many shares are outstanding. At the least I have to admire Mr Walter's trying to make this company appear legit. Another sign that perhaps he will make a go of it. Long way yet.
Also good points Hasher. I have been watching very closely at the activity and noticed that the ask did dry up a couple of times this week (I guess LB forgot to put some shares up for sale?) and the ask price was suddenly 8 or 8.5 cents for a while. No trades occured at this price. Its diappointing, and seems to support your theories (no one willing to buy that high). I will wait for the court case to be solved for further analysis and then we'll all see what happens.
I agree with that guess. By the time any website updates their info it is several months old at best. Most companies will provide these numbers with their quarterly reports, but you know LB. Perhaps BW will improve on the provided info?
Ive been watching the activity closely since the Cornell deal and folowing news items. Most trades are happening at the asking price, which is a good sign. Someone is filling up on stock. Too bad the price isnt going up with the buying.
Everyone also needs to remember that lawsuits are filed for many reasons in business. Some are valid while others are simply vengeful in nature and just to see if the opposing party will back down. Many are decided out of court before the hearing as well. Its true enough that the future of PWTC hangs on getting the decision. It will also tell if BW does actually have something going on for production of the battery or if he is just blowing LB's smoke.
Well, since its dated June 14, 2004, I would have to agree that it is that far out of date, but is accurate as of that date. Thats is why I put the date on in the first place, to sustantiate when it was from. It is the most recent I could find. You can take the info, or leave it, or provide better if you can find it, but there is no need to be an a** about it. Hasher didnt seem to have a problem with the info.
Check out here. Dated June 14 2004.
http://www.otcbb.com/profiles/PWTC.htm