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True, but it’s just part of psych game which does work on uninformed and weak peeps in all facets of life. I never have considered it a big deal but do have fun with it sometimes. The game is driven to maintain a higher percentage game on cheaper stock. The lower the stock the higher percentage gain per tic which is why the broker/dealers love to keep pennyland stocks in the trips as long as possible. Ifus
This should really help the non existent pvsp Fl operation. Lolololol!!! Geeesh
Not quite, the CEO saved the Co with stock based loans on a very fair and conservative basis during a time when the only financing available would have been CDs. CDs are more or less self perpetuating, when the price goes down the number of convertible shares increase. Without the CEOs loans there would probably be close to 2-2.5 BB shares.
Eltp
Haha, try below three bucks a share during some rough periods, wmt did the same.
Ifus
So, they are way behind sales compared to pre merger. Going in reverse and you are pumping this as a good thing, lolololol geeeesh!!!!! Only trip one is a good price re risk/reward.
Zen
You are a novice in pennyland if you think a bb shares is massive. Too funny.
Exactly, let them eat each other.
You are totally missing the most important ingredient with any buyout or merger, SYNERGY. The financial considerations relative to a very small Co like Elite is important but secondary to a multi billion dollar Co. there could be synergy re compatibility and future growth or just simply voided competition, Each has a different value. The most widely utilized financial calculation in a buyout is the Enterprise Value (EV) and not the EPS or other internal corporate measurements used by the market/traders.
Eltp
You should know that feeding into the BS is simply self perpetuating like feeding a bear hoping he won’t return for more. Don’t respond to conspiracy and idiocracy. Try it and see, the pps will not be affected as others see this.
Ifus$$$$$
Part of a group that bashes stocks based on BS accusations of criminality re officers and associates. They find others with similar names although non related and build on it. It pure nonsense and I would not respond to it.
Mgon
Exactly, an investor with such profits who does not recoup his principal on the way up is simply an inexperienced novice. There is nothing better in trading than to recoup your principal at a very nice profit and watch your stock pps continue to climb with free shares. It is the only way to trade in penny-land and the big indices as well if you get a lucky chance at issues with forward splits.
Eltp
Lolololol, cup and handle is what you get out of the chart? Did you need a chart to see a breakout, hahaha. Btw way, what chart are you using, 1day,5,day,3mo, 6 mo????? I’ve heard you mention cup and handle when we went down as well. What indicators are you utilizing on the chart. Why exactly did you post to sell the news??
Eltp.
Very impressive with bid buyers snatching .28+ shares today. Always need to let peeps off the train while peeps jump on.
Eltp
What do you find most impressive re the Eltp chart???
Apples and oranges.
Eltp
What a joke, betting 100k on whether someone owns a share of stock. Get real Maxine!!!
Eltp
Great week , maintaining the current or slightly higher pps is more important than a quick run and capitulation. The stair step rise on the chart is always sustained longer while keeping the overbought /rsi rise at a more consistent level.
Eltp
And all those shares you stated sold, lolololol!!! Geeeesh
Eltp
Not really, I’ve/ we’ve had three good ops with pvsp over the years The last one being the run to a penny from this level. That’s what makes it the Wild West.
A ridiculous post re pvsp or zen.
Lolololol, one who is that good with trading DOES NOT need borrowed money to buy stock. Just a fact!!!!
Eltp $$$$$$$
They all give silent before a RS,
All good, 21’ was golden for sure. Had worthless pennies turn to a nice profit. Hopefully, we may all be wrong and these guys perform.
Zen
At one point almost every mod was a basher here pre run days. They controlled the narrative by nixing good shareholder posts any time they felt like it. This also included some collaborative help.
Eltp $$$$$
Lolololol, part of the statement did not make the sentence. I have been hired to help re marketing and operations in two fledgling penny Cos, one of them in Houston turned out to be a pure stock selling play. They had some ‘interested angel’ brokers fly in to meet with us. Two weeks later they asked me to fly to NYC, after the meeting the “angels’ told the Co they would only proceed with me as CEO. When I got back to Houston they paid off my contract and said adios which caused the NY guys to drop out. They converted shares for about 3 months and were done. One of their big promoters was an Enron marketing guy before they got caught , lolololol!!! There is no help or real money in pennyland unless a Co has a real niche in tech or medical/pharma. Sorry for exciting you guys but you should know better. Zen is one of a thousand tiny weed growers, they couldn’t sell it so they had it stolen. I don’t think we’ve heard the last of the ‘theft’.
Too funny, you argue like a 9 yr old girl on the playground. Buy your shares back and start pumping again. Just can’t tell if you are knowingly transparent or perhaps unknowingly bipolar; amusing to say the least!!!
Eltp
Well, the good old days are gone when an RS didn’t mean that much re a comeback. Now, like many , including Riss’s other RS stocks, they end up with a higher pps and NO trades. RS is ultimately a DEAD END which is why they have not done it sooner. Regardless of the hype, Zen has failed to achieve growth and expansion which CAN NOT be achieved without conventional financing. Simply put it is the killer of good meaning and promising private companies in every industry. In my mind it never made sense for Zen to do this deal unless they knew they were in trouble before the deal. Just my opinion as I have been hired to help
Wannabe Cos go public and the bottom line it’s just a stock play which is why I’ve stated recently the selling from ..30 on down was insider shares as well as former employees with free sates jumping ship. Just part of the Wild West pennyland show.
What worries them is Eltp s pps strength and their lack of real fundamentals to attack despite the manipulation. There is also a conflict between broker/dealers re direction which is always a good thing. The stock has remained consistent and strong. Nuff said!!!
Eltp $$$$$$
That took longer than thought it would !!
Zen
That’s funny, peeps like you just couldn’t understand why he has so many common shares now mostly as a result of loaning the Co money which saved the Co. it would just give you and the bashables buddies more to cry about.
Eltp
Nope, but your statements do!! I’m almost new as well with only 55 years trading. Manipulation via algorithms is too easy now for MMs but mostly broker/ dealers who can trade a thousand Cos per day now. A slight margin makes them millions per day. Mass manipulation in pennyland exceeds your 10 years three fold. If you were not daytrading looking/doing DD at 20 Cos per day then you just didn’t see or experience it. This stock had mass manipulation before your ten years as well.
Eltp
Good and accurate post. I particularly like the comment re back seat CEOs, more like back seat drivers who have never driven.
Eltp $$$$$
“Never seen manipulation like this, it’s crazy. “ you must be VERY new to pennyland if you think this manipulation is crazy.
Lolololol, all this flipping you post about but you show shares you bought at .0835 and sold at .19. You too funny.
Elite.
Please outline your profits on a 10k trade with a perky profit minus fees and short term taxes. Lolololol
Eltp
Also, I do appreciate your honesty for once re trading only 10k shares rather than the numbers you previously posted. WANNABE should be your handle. Don’t get your feelings hurt, you are what you are!!!!
Eltp
That is an accurate assessment!!!
Eltp
Please repost what you refer to, I see your feelings of inadequacy are quite troubling to you. No one here can help you, please seek psychiatric help or at least an education.
Eltp
A lesson for you, the MMs are forced to short and can take their time to cover despite the regs. The real shorting and manipulation is from the broker/ dealers who pay very small fees and flip for Pennies x 1000 + companies per day. Whenever you see a four digit + trade you can bet it’s B/D. Now, there are very few hedge funds that are both MMs and B/D but they exist as well. The bottom line is shorts can be sold to others everyday and back and forth which delays the ‘cover’ regs indefinitely!!
Eltp
Eltp
What a foolish BS post, Naz saved this Co from the normal CD vultures. You have no idea what that cost would have been or more importantly it would probably have not survived. The responses you give or so out of the realm of penny stock reality. The data trend points you use are also completely out of line for a penny stock. Perhaps you should stop watching the paid idiot Cramer who has a TERRIBLE RECORD. DID YOU FLIP ANOTHER 10k shares today on your way to millionaire status. Perhaps you can share a copy of these trades, lolololol!!! No one likes a wannabe pretender.
Eltp