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this might be the last day of conversions considering there was only 70k$ worth of them and 20 million shares at 0.003 have been converted in my educated guess
i need to a break of 0.01 to break even lol but even with O/S maxed at 178 million shares that is still only a 1.7 million market cap on a company that has been profitable in past and has 25 million in Rev's
wow i suck i basically am going to lose everything a porfitable company with 12 million in annual revs has a 200k marketr cap right now
thats why it has dropped way below fair value because their is no volume
wow just wow... this also is going down on extremely low volume too
if you can guess the day asher will be through you will make a ton of money here
it is a gamble.. But most penny stocks have no revenues and all toxic debt for finiancing. GNPT will make over 12 million this year in revenues.. and granted their net income was negative in most recent Q's but they have proven to have postive net income in the past. Bank loans and 10 million in credit line shows me that this is a legit buisness where people with alot of money have trust in their buisness model. Once Asher gets their money and leaves and thye have 12 million in revenues with postive net income the evalution has to be more than a 500k$ market cap. I mean companies are usally valued at least 2x sales
not true they have 10-q for Nov 14th
starting to get stpid how cheap this is now and how ASher has no regard for PPS what so ever.. hopefully this is done soon.. it should be reading the 10-Q
Asher wants their money so they do not care what price they convert at... Worst case scenerio is A/S gets maxed out to 174 million shares and we are at a 1.7 million market cap here. but i do not see that happening like i said with non toxic funding they have secured.. and the cash flow they have in the company
Asher is converting their shares now and no liquitiy.. after they are done converting their 2-3 million shares this should pop up to a 5 million$ market cap at least
Twelve month convertible note with 8% stated interest rate, maturity date of March 1,
and shares convert at 60% of market. This is recorded net of debt discount of $7,825.
25,000
0
Twelve month convertible note with 8% stated interest rate, maturity date of March 1,
and shares convert at 60% of market. This is recorded net of debt discount of $13,487.
42,000
0
Twelve month convertible note with 12% stated interest rate,
maturity date of October 31, 2014. Initial proceeds were
$25,000, shares convert at $0.25 per share. This note
is recorded net of debt discount of $5,925.
25,000
17,283
......that is all the debt they have minues the discount.... Those Asher shares only account for around 70,000$ in conversions for only a couple miillon shares. The share price was around 30 cents before conversions started. Because of extremely low liquidity is why the share price has tanked this far. WE should se no problem 10 cents when this is over and i am not worried about more toxic debt because they secured a 10 million dollar non toxic credit line that is posted in the 10-Q
On March 27, 2014, the Company secured a senior note secured line of credit
facility for a maximum amount of $10 million. On September 11, 2014, the Company
has drawn $2.3 million credit facility with the six months renewable maturity at 15%
interest. This note is secured by Compant assets and recorded net of discount of $532,977.
an investment fund bought 3 million shares this past month
their is minor dilution if you look at 10-Q. only around max of 70,000$ in toxic debt.. They have a 10 million dollar line of credit in non toxic debt
reading through the 10-Q they already secured the 10 million dollar line of credit non toxic. also they do have a miniscule amount of toxic convertible debt of 92,000$ which 27,000$ was already payed off as of last 10-q
finally l2 looking extrmemly thin again congrats on who got in at 1 cent
well looks like i lost my shirt on this stock... i suck wish i never found this
it never was lol.. That information was lost to the back pages of the internet..... If it is ever released you will see this spike
20 million bid support now at 0.0013
there is huge bid support 24 milliom this is just profit taking until next leg up
every stock is techinically a scam
my bwest guess yes after it runs up we will see news later this week
huge bid support right now 16 million shares
agreed this still has tons more to go if it gets dumped... look 0.01 before we head back down
WOW i might try to get back in just on the basis someone bought that up pretty quick...... that is an insider trade it has to be...... we just witnissed the biggest trade in this stock post 2008 150,000$ buy happened out of nowhere
wow 1.4 million shares on the ask
seems like never ending shares to buy at this level.... with this increase in volume thought we would see up .50s at least
yea they got a little unlucky with the airport contract a little while ago..... turned out to be great add in the 0.04s.. should of trusted management.. and low oil prices helping buisness big time
f me i suck sold to soon congrats everyone for staying
right on cue lol.. i had such bad timing on SKAS
i took a gamble bought at ask today.. This looks like the beginning of a breakout..... 300k shares on bid right now
yea i am not going to chase
i was a couple hours to late decide not to chase and hit the ask i was the 300k bid at 0.02
greed..... i was going to take profits at end of the day yesterday but ask never got filled at 0.0045
sorry everyone i am out i bought 2.5 million shares at 0.0012 and sold at average of 0.0028.... you can never go broke taking a profit
the trading has been insane since 11:45
looks like trading ninja and his followers dumped 1 hour to soon... stock reacting postivelty to 8k
since they released a 8k with the PR that means the news is more legit right?