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Let's think this thing through.
"if your purchased at .0002 today you would need to sell at 6 cents to break even on a 3000:1 split."
The actual break-even share price would be 60 cents, not 6 cents under this parameter. Can you see it?
Remember, we're talking 3000:1, not 300:1
You are, of course correct in concluding that there's something queer about his math; he divided where he should have multiplied...and with the wrong figures! If there's a 3000:1 RS, the new price share would be $0.30 to retain value, NOT $0.06 if we're starting from $0.0001 as was the case.
So, no; $0.069 was never a gain.
The company already announced the RS but we knew it was coming even if they hadn't. This particular form of larceny is how they make their living. That said, this fellow isn't kidding himself; he's trying to kid us
The last several reverse splits kept the same number of authorized shares. Look at the latest swindle. The original number was 20 billion shares and after a 3000:1 split, the current authorized number is 20 billion shares. So, no. They DO have infinite shares.
Just checking...you DO know that was sarcasm, right?
Reverse split has been authorized. Specific ratio not yet disclosed but could go as low as 1 for 1000. They also hint of possible AS reduction but declare they also might not (wink, wink). Total larceny.
Fine. But, why? How can one justify holding a stock that repeatedly demonstrates it's nothing if not a scam? You can hold for a long time but the value of what you're holding will dwindle down to absolutely nothing.
Thanks in any case. That's the smart way to go about it.
Went back and took a look at the analyst report but found something strange about it; the target price is 10. Question is 10 what? Dollars? Cents? whatever it is seems unrealistic judging from recent history. How reliable is this?
Great find! Thanks
Member claims PSID technology can detect this virus. Can you show it doesn't?
Yes. It is. And yet, here you are.
Finally somebody doing actual Due Diligence instead of just spouting bs. Thanks, friend!
I yield to your superior analysis
Didn't sell one share but must admit my hands are still shaking
That's crazy talk
BID at 0.013??? Am I dreaming? Somebody pinch me, please
That's some high-octane people there; the Surgeon General? Not to mention a bunch of generals, admirals and so on. If the new administration focuses on this company, it's going to be explosive.
Up 42%. Anyone know if a promotion campaign is under way?
I will stipulate that you are generally correct in your assessment of this company and of the inherent risk of investing in it; however, they are moving to cut the number of authorized shares by more than half.
In the interest of accuracy, this needs to be pointed out in order to guard against the inevitable accusation of being a basher.
Stock price manipulation. To deliberately entrap investors will earn you a visit from the SEC in any serious exchange. How do these people get away with it?
Surprising that's considered legal, even in the pinks
Any ideas why it's going up? There's been no news far as I know.
Not at all. Were Obama or even Trump for that matter so much as mention Firefly, the share price would go nuclear. You wouldn't need to come here to find out about it.
Wild guess or did you know something?
You deserve credit for accurately calling it earlier this week:
"Holding support is good. $0.03 is the pivot point as far as technical chart is concerned from day trader perspective and sentiment. Accumulation in progress as big lot buying pressure continues. Need 10 Mill+ volume day if we get to $0.03, or fluff news for continued momentum. "
Right up front, I take no delight in anyone's calamity but if this doesn't underline the need for this technology, I don't know what will.
Thanks tre; this is exciting.
From the article: "The proposal would ban plastic bags at supermarkets, liquor stores and pharmacies by 2016. The biggest reason behind the proposal is the environment, as plastic bags are not biodegradable. The greatest opposition comes from manufacturers that make billions of plastic bags annually. They say they might have to shut down or likely lay people off if the statewide ban goes through."
The opportunity here is for CERP to demonstrate that manufacturers can use the same equipment to make bags with bio resins.
That makes sense.
I was under the impression that the entire European region would eventually have similar laws as Italy. Still, if CERP manages to survive, it might do very well down the road.
Thanks
Allow me to clarify my position.
I wasn't trying to show this lofty SP would be reached, merely that it could be reached. IOW, just trying to answer the nattering nabobs saying that it's impossible for CERP to go to even $0.30.
Look, if the European market alone indeed is $4 billion, are you saying we can't capture a fraction of it? Really?
CERP has many patents on bio plastics. This means no one else has access to these technologies; we alone will be able to satisfy whatever niche market seeks these traits. If our share of that market is 1/10, no amount of dilution will keep the share price from going multi-dollar.
Is 10% too much? Ok, then; 5% is still $200 million. Perhaps 1%. What, are you saying we can't get 1% of that market? How about 1/2 of 1%? Now we're at the $20 million I was musing about.
Bottom line, this company could go anywhere from bankruptcy to stunning triumph. I certainly don't know the future but the bashers don't know either.
That's what I meant.
P/E ratios tend to reflect a company's potential; in a sense, it might be a more psychological than tangible valuation because it indicates what the market expects from it.
Microsoft is a huge company that will not likely grow at a great pace. When it's delta was much higher, it's p/e was like 100. My point is that a development stage company like CERP could conceivably go through great spurts of growth as well.
No guarantees, just potential.
I don't think so.
With profits in the $20,000,000 range, which is quite achievable, if the amount of orders he hope for are reached and a reasonable p/e ratio of around 30, a share price of $1.00 is not entirely out of the question.
Hope you get an answer because I'd love to learn. It's probably an issue of who initiated the transaction, the buyer or the seller.
Of course, market makers have a say in completing trades in the absence of either.
Poster Gcb1 offered an interesting link in post# 49678; a little dated but still relevant. In that site, I found a presidential memorandum where Obama directed federal agencies to significantly increase the purchase of bio-based products over the next two years, the memorandum was issued to the heads of executive departments and agencies.
Now that the shutdown is over and the debt limit has been temporarily raised to the stratosphere, if some of those federal agencies were to purchase as little as a half a billion from Cereplast, this thing will go nuclear.
Also, I noted that in the CERP website, one Paul Pelosi is listed as a director. Whom he might lobby in Washington to look at this company I haven't the foggiest inkling of an idea :)
Due Diligence.
Investigation of the company and industry to determine if it's a good investment for you and to minimize risk.
Clarification please
You use peculiar notation when you write things like 3000k. Are you saying 3 million?
In the US we say 1,000 or what have you, NOT 1.000.
Thanks in advance.
Well, actually, it's not exactly NO news.
The news may not be earth-shaking but the EC has agreed to remove obstacles for member states to ban or tax plastic bags...
"I would also like to know how much this "crack" management team makes for salaries?"
I can't comment on competence but I'm certain the management team is not on crack.