Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
WarMachine, and what is worse is that I'm sure there will be many that believe the SEC won't now move for a complete revocation of the ASYI stock ticker. Hard lessons to be learned on what can happen with an abandoned, debt-ridden, revoked and now SEC suspended stock such as ASYI. I hope shares were truly considered as lottery tickets.
Anyway, good day to you.
Yep, nice day today, gold is ripping.
VGZ is getting in on the action. Is gold going to bubble up through this summer? Many think it just might.
Good day to all.
detearing, yes, I like the look of the chart. Nice that you are located in the neighborhood of FSLR and can get some boots on the ground so to speak. With Buffett buying up solar farms then they may well make substantial investments in the solar sector, and put a floor under the stocks, including FSLR. That would be a very welcome sign. I'm sure many would be happy to see an $100 FSLR share price, especially if it could occur by the end of this year. I think $300 would be a ways down the road.
Anyway, have a good one.
poopscooper, I agree with you.
The referenced article neglected to mention PayChest, or prove anything about some existing massive naked short in PYCT. Note that proving something CAN exist is NOT the same as proving something DOES exist. This fact and nuance is not always easy to grasp. The article was interesting reading, especially about the methods hedge funds and others may pursue to make quick bucks by instrumenting bear raids on companies.
trum, in fairness, I believe one of the posted items on the list about specialized equipment can now be removed.
phizzy, yes, PHOT is going to court to defend against a class action shareholder lawsuit, and probably the derivative action as well. We'll probably see something about the hearings within the next six months or so.
The question is how many shareholders have joined in on the suit to try and get some of their money back. Will be interesting to hear about the specific items brought forth in the discovery phase and see where the case heads. I sure wouldn't want to be in the company's shoes during this period, that's for sure. At least the company is fighting, and may have some funds to be awarded if the suit ends up not resulting in their favor. At least some think the company may become profitable within a year. However, I have my doubts.
Anyway, good day to you.
detearing, yes, the FSLR share price is continuing to do well. It's kind of in no man's land right now. Let's see if there is a summer time rally in the cards for this technology sector.
Good day to you.
Yes, interesting price reversal for LODE today. Just goes to show that this thing can violently turn on a dime. Still hope the upcoming tour/meeting is well received and results in more interest in this security afterwards.
Anyway, good day to you.
Nice end of day rally in CDE. It would be good to see some carry through tomorrow and Friday, but I think at some point soon the flippers will take their profits from this last week.
Anyway, good day to all.
Not really liking the ATNAF share price action over the last month. The company needs to do something to get investor sentiment to change and the share price out of this malaise of multi-year lows. Just what that is currently escapes me.
Anyway, good day to all.
When I see unfounded statements to the effect of if PYCT went bankrupt the evil naked shorters can keep the money they made shorting the pps down and not pay taxes to the govt, it makes me laugh out loud. To think the IRS doesn't collect taxes on short term and long term gains is just plain BS. I guess it's even sillier to think that UNREPORTED naked shorts can ever collect on anything, since there is no record of the transaction ever taking place.
And, of course, for me, or anyone, to ask for any proof of such silliness is futile at best. I've come to realize PYCT is just a wall of $0.0001 paper, whereby crap such as share audits proving a NSS, product test marketing in a remote store in South Africa, a Xinpro plant tour, PayChest actually working behind the scenes during the 2 year Chill, the CTO in BC Canada ending after a 1 year holding period, etc., are all thrown at it to see what, if anything, will actually stick. Unfortunately, not one item just listed sticks, all just fall to the floor in heaping piles ready to be scooped up and swallowed by pigeons. Very disappointing to see PayChest management and their IR providing nothing substantial AND verifiable after all these years.
Oh well, just another day in the land of PayChest.
Good luck to all.
Japple, it's all outlined in the Form 8-K recently filed by PHOT.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10044935
Good day to you.
pooch22nyc, a showing at a trade show would be great, just as long as they install the new interior before hand. My guess is that they probably will do the upgrade just after completion of the proving flights.
Good day to you.
V63, yes, the last two weeks has been a pleasant surprise. Maybe investor sentiment in EGO is finally turning the corner.
Good day to you.
FAQs on Paychest Website
Hopefully if PayChest is finally updating their website, they can add and address the various investor questions that have not been answered or overcome by events, which were submitted in June 2012. That might go a long way in showing the company is serious about increasing transparency and improving shareholder communication.
List of investor questions submitted to Tom Hands.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77394990
http://www.paychest.com/faq.htm
Based on a previous review of the existing FAQs on the PayChest website some two years ago, the following comments are offered.
3. What are the revenue projections?
"The projected numbers are confidential for competitive reasons. The company will endeavor to disclose as much as possible without giving up its competitive advantage."
Comment: WHAT A JOKE! ALL REAL COMPANIES PROVIDE REVENUE GUIDANCE. MAYBE PAYCHEST IS PROVIDING NO PROJECTION BECAUSE THEY KNOW THEY WON'T BE SELLING PRODUCTS AND ONLY $0.0001 PAPER? Without revenue projections being made public by the company, anyone on the boards stating as a matter of fact that the PYCT shares should be worth $0.05, or $0.10 or even higher based on FUNDAMENTALS without offering assumption details or their basis of estimate is just playing with shareholder emotions. The almost 28 billion shares outstanding is an significant anchor for share price appreciation. IMO, share restructuring is needed to enable any real share price appreciation.
6. Is there production right now?
"Production is being prepared at this time. The company has established the supply chain and tested the newest version of the Flushaway product."
Comment: As I previously described in post #92129, companies typically have some freedom to arbitrarily define when commercial production may start, including potentially considering some pre-production activities (such as Paychest is indicating in the question response by stating "Production is being prepared at this time."). Also, as I had indicated, placement of long lead item/material purchases could fit into the definition of starting production. However, Paychest even went one step further to the left by indicating that they only have established the supply chain, but evidently have yet to spend the money and place the material orders. Based on this, and assuming the Paychest website is close to being factual and current, then who really has any idea if the end products actually are being produced at this time (some two and half years after announcing production commencement).
11. Does PayChest own the Flushaway® patents?
"PayChest acquired the license to sell Flushaway® in most of the world territory. PayChest also acquired the exclusive license to production for the entire world for “Flushaway”."
Comment: THE SPECIFIC QUESTION OF OWNING THE PATENTS WASN'T ANSWERED, IT WAS SIDE-STEPPED. AND, I THINK MOST EVERYONE BY NOW REALIZES WHY. Paychest continues to spend significant funds (that they have to borrow) for retaining the licenses. I still don't understand why the company doesn't push for and strike a deal by offering to only pay a royalty once the end products are selling. Then the company could instead use their very limited borrowed funds to produce and market the products.
12. How does PayChest pay the bills?
"PayChest has been funded by private sources."
Comment: I find this answer elusive and somewhat disingenuous. As identified in the financials, the company previously issued massive amounts of commons shares to pay bills for "services" rendered (such as for Investor Relations). Have they issued more shares lately? It's hard to say as the TA won't currently divulge that info to the investment community since PayChest hasn't approved them to do so. Will have to see in the next financial report.
Anyway, good day to all.
EmpireStocks, I'd expect things to really pick up once BLTA announces commencement of forward ticket sales.
Until then the negative rhetoric will undoubtedly continue. It is comforting to see so many are interested in this stock. This will ultimately benefit the share price once many on the fence jump on board.
Good day to you.
Very exciting and adventurous indeed! I guess the ASYI lottery is over, anyone have a winning ticket?
On a positive note, at least the ASYI share price won't tank 70-80% once it opens trading on the grey sheets since $0.0001 is as low as it goes. Other securities haven't been so lucky. Now the question is will revocation occur and ASYI officially declared dead, with zero share value and write-offs for all hot potato holders.
Yep, ASYI Suspended and musical shares ended ...
Can't say folks weren't warned over the last couple of months.
Good luck trading on the grey sheets when this 10 days suspension is over. No one home to conduct business or issue PRs. Just a debt-ridden abandoned shell.
As has been pointed out previously, dilution seems to be at least one contributor to the on-going LODE share price malaise. Maybe the end of the month meeting and tour will drum up more interest in buying and supporting the LODE price. Who knows how low this is going to go before things turn around.
Good day to all.
I didn't realize that news of this is being rumored, especially for this Friday? Just in case there is no trading then, and no news of it since the company is abandoned and therefore can't put out a PR, folks might want to take a look at this link to verify the ASYI trading status.
http://www.sec.gov/litigation/suspensions.shtml
And why should SRGE investors be waiting for MSJ to make an announcement, when it's the fiduciary responsibility of SRGE management to make such an important material disclosure to their shareholders?
suberizedwrx, yes, it's interesting to watch how Vista, and the other mining stocks, gets jerked around with the violent trading swings almost daily. At least VGZ share price has done a decent recovery from last months lows. But, it is still a far cry from the highs we saw a couple years ago. I'm truly looking forward to seeing a sentiment swing for this sector and believe that it is long over due.
Anyway, good day to you.
Regarding the mythical PYCT short share story, two other FACTS prove it as nonsense.
[I didn't realize that posted points should be in all CAPS, bolded and in RED font to make them look more credible and believable, so here goes. I learn something new every day.]
1) NO MASSIVE SHORT SQUEEZE OCCURRED WHEN MLON TICKER AND COMPANY NAME CHANGED TO PYCT AND PAYCHEST.
2) NO SQUEEZE OCCURRED TO PURCHASE MASSIVE QUANTITIES OF WPMLF SHARES TO COVER PAYING OUT THAT DIVIDEND.
(Yeah, right, 100 billion shares short of PYCT, LOL)
Let anyone try to argue how the above could be if there was a real massive naked short in PYCT.
NOPE, BASED ON THESE TWO FACTS, ALONG WITH THE BI-WEEKLY FTD REPORTS THAT CONTINUE TO INDICATE NO SHORTS EXIST IN PYCT, THIS PROVES ANY MASSIVE NAKED SHORT IS JUST PURE MAKE BELIEVE. Yes, loopholes may exist to enable both legal and illegal shorting of stocks, but as rationalized above, neither exist in this PYCT security. And, no amount of historical tracking of shares traded, and guessing who is buying and selling and why they are buying and selling will ever prove anything different. Sorry, but that is the way it is. Case closed.
I'm finding it to be quite common that when companies such as PayChest can't perform in creating a viable, cash generative business that other topics creep in to lay the blame game. Just like it's evidently hard for some to believe that the company would agree to consummating toxic funding arrangements with insiders/funders which leads to massive preferred share and note conversions AT UNDER MARKET VALUES and share issuances into the outstanding.
PayChest, with its management issuing some 20+ BILLION shares over the last 10 years, to now having 27+ Billion O/S, and no insiders/funders ever showing up as Beneficial Owners, speaks volumes. THE PAYCHEST INSIDERS/FUNDERS ARE OBVIOUSLY SELLING CONVERTED COMMON SHARES AS FAST AND FOR AS MUCH AS THE MARKET CAN BARE (WHETHER AT $0.0001 OR BELOW), ESPECIALLY AS THE FORWARD-LOOKING, NON-VERIFIABLE PRESS RELEASES HIT THE STREET. It should be interesting to read the next financial report and see just what the share structure now is since the lifting of the Chill, and after the 1.5 Billion share trading day on April 30th. They best get that last 100M share retirement done by then to help offset what I believe will be some no so good news for investors.
Nope, PayChest is just a typical run of the mill "share selling scheme" that has been furthered by stories such as a mysterious touted Xinpro plant tour, possible recent product test marketing, massive illegal unreported naked shorts, and various paid for "investor awareness" promos all geared to sell seeming endless supplies of $0.0001 paper.
Anyway, good day to all.
Why didn't we see any buying of ASYI stock over this past week? I thought ASYI blockbuster news was due out at any time and the share price was ready to go to the moon.
It must be true that nobody is really home at this abandoned, debt-ridden, revoked shell that is ready to be suspended by the SEC for over 2 years of delinquent filings.
Good share price action over this last week. FSLR looking strong and I like to see the frequent new contracts announcements.
Good day to all.
I think the two PCFG execs are doing just fine for themselves the way things are. Still seems to see spurts of decent trading volumes for the company/insiders to dump shares into. Why would they change it to now go into a new industry where the SEC is openly critical and have put all under a fine microscope?
No, I think they'll just continue to turn the crank and maybe have another R/S party later this fall. At least that seems to be their modus operandi over the last two years.
Good luck to all.
Yep, that was quite a shake out when it rapidly went from $8.50 down to under $7.00. Let's see if CDE can get back to $10 by the fall.
Have a good one.
g0nz0, you noticed that too? :)
As many expected after the suspension, the volume and price did dry up. SRGE share price is now down over 97% from when it got suspended and it only traded about $200 total over the last ONE MONTH. I sure wouldn't call that accumulation by any stretch of the imagination. lol
Just wanted to check in occasionally and see if there's any word on the FEDs progress in finding the SRGE runaways. It has been over 16 months now, so maybe we'll hear something by years end. Those wheels of justice do turn ever so slowly.
Anyway, good day to you.
Yeah, right, a "theory" about the PYCT share buyback retirement. That's funny as heck!!!! ... ROTFLMAO
1) Here is what has been reported for the last two years. Notice that the 200M in 2011 have been recorded and reduced the O/S total, and that the Feb. 2012 100M was purchased but recording/retiring has NOT been completed (that's why the O/S is still at 27,785,264,936 today and not 100M less).
jlwcat1, looks like I can't help you out. Once again, the info you seek can be read in the annual financial reports, or even in adanac's running total share summaries which are typically put out monthly. Both these documents show CLEARLY the initial 200M buyback shares were successfully retired to arrive at today's O/S count, and the remaining 100M (of the 300M total announced) was as I just posted when referencing what PayChest actually stated in their financial. Good luck on the hunt for missing shares.
jlwcat1, it was all been spelled out in the PayChest 2012 financial reports, which imo should be required reading of all shareholders. The share retirement had nothing to do with CAUSING the DTC Chill, but the Chill did have the CONSEQUENCE of stopping the TA from electronically processing share certs (hence the word "Chill"), which then kept the share retirement process from being completed.
Page 5 of the 2012 Financial Report:
Actually, trum, they had another strike when during the second share audit in 2011, the DTC discovered that PayChest was misleading the public by under-reporting their O/S by over 100,000,000 shares (something to do with their continued inability to dot i's and cross t's). As a result, PayChest was then forced to enlist and pay for a DTC approved TA.
What's so hard about understanding what happened with SRGE?
If folks truly believe the previous MSJ PR was real, it clearly stated MSJ "has acquired" SRGE assets and the acquisition "was signatured", both of which were written in past tense. Therefore, SRGE now has NOTHING further to do with MSJ or BGL. That is, if the acquisition was indeed true, which I don't believe for a minute happened as SRGE owned no properties. Really, it's quite simple to figure out. Either SRGE never owned squat and this was all a scam, or they sold all their assets to MSJ, and then the SRGE perpetrators took off with all the money in the middle of the night leaving the abandoned shareholders high and dry.
I'm REALLY glad I could help out.
I'll bet Xinpro, if they really exist, feel like utter fools by now from being duped by PayChest.
Here Xinpro supposedly forked out all kinds of money purchasing the FILM machines and tooling, conducting testing, and setting up for production runs, and still no products are available for sale.
See how PayChest is now using the term "pilot" production. That means nothing has been produced over the 2.5 years since the PR announcement for commencing production (even though the Chill didn't occur until five months AFTER the PR). Yep, no stealth product for test market, etc... And, yes, it would be nice to identify (confirm) what the lead time might be to produce and get products shipped overseas. Once again, that's an easy phone call that probably already should have been made between Apr 30th (PR of Chill lifted) and this referenced PR which was issued a month LATER.
At this lethargic rate of progress, it may be another couple of years before anything is ever produced and shipped, that is if PayChest actually gets sufficient additional desperately needed funding to enable it to happen. Come on Tom, crank up the share printing presses and get some more money into PayChest's coffers.
Tom Hands gearing up to produce and issue a BILLION new PYCT shares?
Good day to all.
adanac, hate to do this to you, but I just did a quick scan and found a discrepancy with VNDM. The summary currently indicates VNDM traded more in just in 2014 than the whole summary since 2009. Beginning to have a sneaking suspicion that VNDM is the MM for PayChest insiders/funders. Will see if I can find anything about them to confirm or deny.
CDEL also doesn't appear to add up to the total, is off by ~70M (maybe missing the entire line of 2009 thru 2012?). Didn't really look closely at the other MMs to see if other issues exist.