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The product means nothing. This is a SCAM by CEO CADE to start a company with our money and in the end he will own almost everything and we the shareholders, almost nothing. How does this happen??
1. Setup company that has common shares and preferred shares. Preferred shares owned by very very small number of people and can be converted to common shares in future.
2. Next, DILUTION DILUTION DILUTION - 3 BILLION SHARES to raise money and fund the company.
3. Next, REVERSE SPLIT to reduce the number of common shares. WHY? Because of next step.....
4. Convert preferred shares to common and becasue the split created less common, the preferred converted stock will acoounf for anything from 90-99% of the common.
END RESULT - CEO CADE starts company and funds with DILUTION and then in order to maintain control he converts preferred and TAKES EVERYTHING FROM SHAREHOLDERS!!!
Thanks Jotuk, but as many of us have told you over and over and over......
We have emailed and called and gotten no callbacks or return emails!!!!!
Products mean nothing.... if we have 3 BILLION outstanding shares, does it?
That is bad enough......add a REVERSE SPLIT and CADE converting preferred shares and shareholders pay for EVERYTHING and OWN little to NOTHING!!! Sit back and wait folks.....CADE needs a few more suckers before the REVERSE and CONVERSION of preferred!!
Jotuk, I emailed AFPW re DTC hold and asked about the rules for Cade's preferred shares. That was several weeks ago and I hve gotten NO RESPONSE!!!
By the way, my problem of eventually having shares wroth nothing and CADE owning 99% of outstanding shares, will also BE YOUR PROBLEM!! LOL LOL And boy will you be sqealing when that happens!!
Whacky theory? What is so whacky about it? Please tell me how after 3 BILLION shares are diluted into AFPW that CADE then owns the company? How does he own AFPW after DILUTION? And puhhhhhhlease, NOBODY on this board is going to beleive CADE started AFPW so he could own nothing. Just tell me how he owns AFPW and exactly WHY he has preferred shares.
Nope.....nothing whacky about my theory at all. In fact, it is quite common in penny SCAMland!!! CADE has alreadyu started what he planned.
1. Start AFPW and gives himself preferred shares that can later be converted to common shares.
2. PUMP FLUUF PRs while beginning the 3 BILLION share DILUTION.
3. Complete DILUTION,,,,,THEN REVERSE SPILT
4. Why REVERSE SPLIT?? So that when he completes next step.....CONVERT PREFERRED SHARES TO COMMON SHARES.
5. CADE OWNS ALMOST ALL of AFPW. Shareholders percentage of ownership becomes miniscule.
CADE OWNS and FINANCES ALL of AFPW with NONE of his money and ALL OF SHAREHOLDERS MONEY!!!
6. SHAREHOLDERS OFFICIALLY BAGHOLDERS!!!
PS - This has nothing to do with the AFPW products but how CADE is financing and eventually assuming complete ownership of AFPW!!
So you like a DILUTION of 3 BILLION SHARES???
Becasue at the end of the day our pps will be nothing!! ANd the problem with a 3 BILLION share DILUTION is it means the founder can't own the company. Well.......until CADE does the REVERSE SPLIT and then converts preferred to commons. Do the math.....after that the pps could be anything but you will own so few shares, you will be lucky to breakeven. DO THE MATH FOLKS!!!
All CADE has to do is publically refute what I'm saying. Why won't he do this????????????
Uh......spikes? Averaging down is a sucker's bet and if you had been doing that the last few months, you would just be losing MORE money!!
Really? Then why DILUTE to 3 BILLION SHARES? And why does he own preferred shares that can be converted to common shares? There is only one answer answer Jotuk: It is so UNETHICAL CEOs can build a company with NONE of their own money and in the end have us pay for ALL of his common shares that will probably be about 99% of the majority. The rest of us will NEVER get to breakeven no matter how good the product is. Email CADE and ask him to publically refute this scenario.
It's simple math Jotuk. CADE converts the preferred shares AFTER the REVERSE SPLIT. Preferred shares are issued with a set amount that each one can be converted to in commons. The Reverse SPlit does NOT effect the number of converted shares as they are converted AFTER the REVERSE SPLIT!!!
It is simple math and CADE will then own almost all of the common shares and most of us will NEVER see a pps that gets us to a breakeven point!!
So you believe CADE doesn't care if he owns AFPW? That he started the company and has no desire to own it after he gets big contracts with Air FOrce? You really think everyone here believes that? LOL LOL LOL Why does he own preferred shares then? And you do realize they can be converted to commons don't you? Do you understand how that works?
He DILUTES and builds company while using NONE of his own money. He then completes a REVERSE SPLIT of probably 100 to 1 and then when the common share total is much lower he converts his preferred and then owns 90% or more while paying NOTHING for them. Oh.....by the way, your shares will be almost worthless as you will own so few agaisnt CADE's new millions that even if the price goes to several pennies, you will have almost nothing!!
It's not about the product Major. We may very well have a great product. What it is about is the actions of the CEO CADE and how he is throwing shareholders under the bus. If you think for one minute that he will DILUTE AFPW by 3 billion shares and then walk away owning a miniscule minority, you are very naive. He has planned this for some time. The only way....the only way CADE can raise funds by USING OTHER people's money..... and still own the majority of AFPW is to DILUTE, REVERSE SPLIT and then convert his preferred shares to common shares. It is the Reverse Split that will allow him to convert enough commons (after the Reverse) to own most of the company.
If you disagree, please explain to us how CADE will own AFPW after 3 billion DILUTED shares?
DILUTION theory? Sorry to inform you but it is DILUTION REALITY!!! This will now NEVER go up becasue CADE has made the decision to throw away shreholders. He will DILUTE this to a NO BID, then REVERSE SPILT it and then convernt his preferred shares to enough common shares so that he owns almost all of the shares without paying one dime!!! If you can't see that then you must not be watching the daily DILUTION and drops in PPS!!!
Major, that was a BILLION shares ago!!
As soon as this goes up on news......IF.......we will all be tripping over each other to just bail at breakeven. Everybody is dreaming about being a penny millionaire but not gonna happen here as CADE will get his shares off our backs!!
Pray it is .0004s ONLY!!!!
Most likely going to the bottom.....then REVERSE SPLIT.....Then CADE converts preferred shares to common and in end......
CADE owns almost everything with us BAGHOLDERS paying for it.
We will own nothing in the end but a very very very small percent that will be a fraction of our initial investment.
And if yu think this is fantasy ask yourself this question.....Would the founder and CEO DILUTE BILLIONS of shares and then have it setup so he owns nothing or a miniscule percentage at the end? Would he?
TRANSLATION: We Are All BAGHOLDERS!!!
Cade financing his ownership of company by DILUTION, then REVERSE SPLIT....then convert his preferred and taaa daaaaa he will own everything without paying one dime!!!
Really? How about DILUTION, REVERSE SPILT, then....
CADE converts preferred to common and owns 99% of AFPW at BAGHOLDER's expense!!! Typical penny scam!!!!
AMEN!!! And REVERSE SPLIT is next!!
After that Cade converts preferred shares to common and owns 99% of company with OUR money. It's called a penny stock scam!!!!
Yep, CEO CADE have some of those preferred shares? He gonna REVERSE SPLIT us and then convert his preferred common and then own 99% at our expense? He seems like the kind of guy that would do that given the FLUFF PRs and DILUTION he is now putting us through!!!
Does Cade have preferred shares that he can exercise after the DILUTION and REVERSE SPLIT??
Because that is what this jerk is gonna do!!! Seen it before. Max out DILUTION.....raise money from shareholders, then REVERSE SPLIT.....THEN (drum roll please) the CEO will exercise his preferred shares and own over 90% of the common..... all paid for by us BAGHOLDERS!!!
Cade makes more in salary than he has in revenue!!
END OF STORY!!
There is NO contract. The Air FOrce has bought a couple to test. Do you know how many tests the Air FOrce performs in one year?
Now let's say we are lucky and the Air Force likes AFPW after testing literally thousands of products a year. How high will the price go with all of this DILUTION? And how long do we wait for the dreaded REVERSE SPLIT and the death spiral that follows that? Because that is the trend of most penny stocks, especially those where the CEO is paying himself more than he whould given the company is a penny stock!!
Only way AFPW runs you over is IF you're BEHIND IT!!
Becasue we are going backwards and have been since DILUTION began.
CEO needs nearly $17,000 a month of shares just to pay his own salary!!
DILUTION is NEVER a good thing in a penny stock!! NEVER!!
Without DILUTION, we would be UP today, instead we are down and have new BAGHOLDERS onboard!!!
It's OFFICIAL - I'm AFPW BAGHOLDER!!!!
We go up 500% from here and I'm at breakeven. Yeah yeah, I bought and averaged down on past FLUFF PRs. Now I need a 500% increase from here to just breakeven!!! Weeeeeeeeeeee......up .0001 today!!!!
DILUTION ALWAYS KILLS PENNY STOCKS!!!
I called this yesterday. Go check my posts!!
Wouldn't we be up more than .0001 if NOT DILUTION!!??
Because it was FLUFF PR written for DILUTION!!
HYPE Fluff PR - Check....DILUTION - UNDERWAY!!
Sure looks like I called this one today!!! Weeeeeeeeeeeeeee CEO needs a raise so let's all buy some DILUTED SHARES on FLUFF PR!!!
Here comes the HYPE!!! Cue the HYPE.....ok now DILUTE!!!!!!
Don't disagree jvg. I'm just worried the DILUTION is so much that even if news does come out, most of us won't even get to a breakeven price. I would think the CEO would care a bit more about spending shareholder's money but 200K salary says he does NOT!!
DILUTION is always a bad thing!! Why do you think the price has been going down down down!!! And 3 units??? I may need some Depends I'm sooooo excited!!! Sorry, but there is NO NO NO excuse for a penny startup CEO to pay himself 200K a year when it is OUR money!!!
It spiked and has been DOWN every since!! Oh of course that is when the DILUTION to pay the CEO 200K salary started as well. By the way, nondisclosure documents are very normal and mean nothing.
In the end we all have to HOPE that revenue (if any ever) will offset the enormous DILUTION by the CEO. Or will news just be the bell for everyone to bail in hopes ofr breaking even? Seen it a million times yet got suckered in again by HYPE. Oh well......live and learn!! LOL
Why does price keep going down then? And for the record, a 3 BILLION share DILUTION is good? And it's ok for a penny stock CEO to pay himself $200,000 salary with little to any revenue?
I agree about Ameritrade but that has NOTHING to do with whether this is another penny stock death spiral into DILUTION oblivion, is it?
This could be a good company but if the DILUTION keeps up, the price will not go up when there is news. I've seen it a million times and there is always someone like you convincing poor saps like me that it is time to average down!! Well, think I will wait for .0001 as that is the trend!! Can you average down any lower than that!!?? LOL
Huh? Just more Hype before Dilution is what it looks like to me. I bought AFPW on hype and have "averaged down" twice. I'm now actually happy that Ameritrade has AFPW locked for buying so that I can't be suckered into buying more!!
Yes, maybe they have a product BUT there is NO revenue yet and lots and lots and lots of DILUTION. And then I read the CEO is paying himself $200,000 a year for a penny startup? Are you kidding me!!?? He needs to be a bit more frugal and stop all the DILUTION. Because we all know that DILUTION is what kills penny stocks. Even if news comes out, there will be so much selling from the 3 Billion new shares, that the price may never go up to where I acutally bought in.
What were you saying again about something big coming? LOL yeah right...........
SHould have said Hype instead of Lies. Most penny stocks have MASIVE DILUTION and HYPE. We have one (DILUTION) and we don't yet know if this is all HYPE or not. Time will tell. : )
In my opinion, nobody on this board has a clue what might happen. The only thing certain is that the price has gone down because of MASSIVE DILUTION.
Yes, we have a potential product here but with no revenue and no news, the PPS will ALWAYS go down when DILUTION occurs. The question always is..... will news or revenue offset the amount of price drop because of the dilution necessary to finance a company before news occurs.
Dilution and LIES are what kill penny stocks, NOT MMs or people's opinions. We know we have one.....not certain about the other. Time will tell.
Sorry Major but recent price decline is ALL about DILUTION. It is always what kills a penny stock. The question is will it stop before good news arrives and will the good news be enough to offset the huge dilution and devaluaton that most penny stock investors endure.
Fidelity or Scottrade?
Any preferences or negatives on either? Gonna tell Ameritrade to stick it!!
Which on-line brokers trade AFPW?
DTCC Global Lock of AFPW????
I bought some AFPW a few months ago and just thought about buying more. I attempted order and got this response back from Ameritrade:
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Thank you for your inquiry regarding ALUMIFUEL POWER CORPORATION (AFPW). I apologize for any confusion caused by this. I show this security has been designated as a "global lock" by the Depository Trust Clearing Corporation (DTCC). When an issue is designated as global lock at DTCC it is not eligible for deliver, transfer, or withdrawal which prohibits a clearing firms¿ ability to settle any movement of positions including trades. You will be unable to trade this security, including any sell orders, for the time being. No further information, including a possible release, has been provided by the DTCC. You may wish to address this issue with the investor services contact through the company itself. I appreciate your understanding.
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Geeez, did I buy another SCAM penny stock!!??? Why is nobody talking about this on the board as Ameritrade is one of largest on-line brokers?