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Do you have a link that proves Bitzio owns GERS??
"Is it finally sinking in that this is a fake business?"
Apparently not, is just hit 4 cents a share.
Well one of the resident posters has gotten back to me, however I have read this from your posts ad infinitum, and now I just have to wait for your counterpart to take issue with you. One of you is wrong and one of you is right. However, this soap opera is getting more than tiresome!!!
From today's PR:
"today the Company is finalizing an upgrade of the portable diesel-powered generator used for the modular plant, as each of its five components has its own motor and a need for stronger power output was observed. It is expected that after this change, the plant will be ready to run operationally."
I am getting very tired of hearing how "new equipment" is needed before they can reach maximum production. They didn't know this already???
This is getting to the point of being intolerable from an investor standpoint. Who is at the helm of this operation??
720 thousand shares traded so far today and the price is going down. I thought everything was moving in the right direction after the legal settlements and the forecast for potentially increased revenue. What is wrong with this picture? Any ideas other than the rehashing of the pros and cons by our two resident posters.
You could be right but you also could be wrong, and as I have posted several times, this is just chump change anyway with an insignificant down side and a monumental upside.
Negotiate out of them, 10 cents on the dollar and keep the company listed.
This RS is the only one they have ever had and if he wanted to start the printing press I think he would have announced a much bigger RS, in the billions and not waited. We will see soon enough.
With an AS of 100,000,000 shares he can't be printing billions of shares.
Agreed!!!
There is a good chance you are right based on your analysis of the recent trading volume and slight movement in price. If this company is back on a solid foundation the stock price will sky rocket.
If they wanted to turn on the printing presses then the AS certainly wouldn't be 100,000,000 shares. The AS would have been increased into the billions. This is starting to look good.
Even as the price goes up everyday people are buying this stock. It is economics 101 - Supply and demand. It is demand that drives the price up
and if the demand grows then the price continues to rise. That is what we are seeing now.
No it won't, nothing but up from here!!!
I think if this finishes up again tomorrow then there is a possibility that something is in the works and that "something" might get released in a PR.
Like I posted before it only takes one to change your life. I know they are few and far between, particularly in sub penny land, however they pop up once in a awhile. Here's hoping!!
A number of things have changed my mind. First I was not able to get out of the stock at .0001 therefore it was better for my mental health to be positive about how this might turn out. Second, once I saw that the AS was only 100,000.000 shares I thought that was a positive sign. Third for the most part almost nobody is selling out as the price is going up, again another positive sign. And fourth there have been nay sayers posting that have come out of nowhere, and given my experience in the past that is because they want to drive the price down in order to buy on the cheap.
Anyway, all we can do now is see how this plays out, and again I think most of the people who have bought this stock are playing with just a little bit of money with a potentially huge upside and a minimal loss if the company is not successful or if this is indeed a scam.
It looks like this is on its way!!!
I don't know how much other people invested, but lets face it for most this is nothing but chump change and the potential upside is light years greater than the downside. This is why people invest in penny and sub penny stocks, because it only takes one to live comfortably ever after. However,
you are correct and it can't be denied that the odds are against you.
Dilution almost always happens after there has been a "significant" increase in the AS. So far that hasn't happened here and the stock price is continuing to go up in spite of all the nay sayers posting everyday.
The AS at 100,000,000 is nothing!!!!
I must say I do like the way this is moving. What I really liked was the fact that the new AS is only 100,000,000 shares.
Well, well the Feb 3 Proxy Statement sheds some interesting light on this situation. I think it might turn the table on where things are at. Why, because the AS was only increased to one hundred million shares
Amen!! And it's too bad people like him aren't prosecuted and put behind bars. Who knows maybe that day is coming for him.
The only possible saving grace I can find here is that they had never done an RS before this one. The only hope is that this is a one off.
This was in a PR on 11-29-16:
"the Company now expects its Brazil-based operations to be cash flow profitable by the second quarter of 2017 or possibly sooner."
An now we get this:
"the Board of Directors has authorized the Company to effect a needed increase in authorized shares to replenish its reserves for issuance as compensation in lieu of cash, and for other uses"
It seems to me that this is a good example of a lie!!!
I guess this con man thinks that he can keep announcing new pieces of equipment and that will be enough to draw in new investors. Too bad the SEC and FINRA are toothless, or many there are in on it!!!!!
To support your post here is a sentence out of the latest News:
"Of note, following the reverse split, the Board of Directors has authorized the Company to effect a needed increase in authorized shares to replenish its reserves for issuance as compensation in lieu of cash, and for other uses"
Scam written all over it!!!!!
Again, I just want a hyped PR or two that lets me get out and maybe making a few bucks. If he wants to sell more stock he is going to have to pump the stock, and that would be the time to get out. Here is hoping!!!
79 million shares on the ask right now. No way out of this!!! Marc is either a POS liar or there is something behind the scenes that will prove to be positive. However, I would get out now if I could, but there is no way!
NO, in fact I have given up and I am just going to ride this out and if there is an RS (and I think that is a big if) I am hoping for some hyped PRs so that I can bail out at the new price.
The last I checked it was at .0001
The last I checked it was at .0001
That is all the hell I want now!!
Can you post these links?
If it is true that they have all of the rights to claims and properties that they have stated, then why not shoot for a merger or just sell the company or the claims, and then move forward or call it a day.
It's is for the AS but I have seen nothing confirming it for the OS.
I am just hoping for another hyped PR where I can get the hell out of this
mess.
It was never stated that there would be an RS of the OS which I found to be quite odd. An RS almost always addresses the AS and the OS. You might be right maybe something is and has been going on behind the scenes.
There was no mention anywhere that I could find that stated the
OS would be reduced 1 for 500, only the AS. Correct if I'm wrong and provide a link stating such.
I was thinking back over this and I know that the RS for the AS was to be
1 for 500. However, there was no mention of the OS and what the RS would be for that. Maybe I missed it.