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Look at their upside down balance sheet as well.
Eltp$$
lol, live and learn!!
Zen$$$$
You needed a lot of avg down to get to trip 6 buying in 22’. You seem to have decided to ignore the point of the misinformation in your post re no pvsp runs. It would be wise to study a Cos tech data before reading posts, maybe view a chart just for kicks.
What a ludicrous non factual post. Do your homework Sonny, how many stocks have you seen do a 10,000+% run like pvsp?????
You make it hard to show you the ridiculous analogies you make. You can continue payments on the bank loans for the rest of your life paying off what you already owned regardless of Eltp. A margin call would take your cash and sell other securities in your account to satisfy a margin call. THE DIFFERENCE is your account would consist of YOUR cash and securities which are non essentials like a home or other assets you already own or did own before the loans.There are simply assets you do not use to gamble with in the stock market. And before you even reply, YES, trading stock is gambling.
Eltp
BTW, Buffet has had tremendous investment losses in good companies and doesn’t borrow money when he buys them. Chit happens to all companies so be prepared with a strategy for every stock you buy. This is the stock market and pennyland is the Wild West show.
Eltp
I would think the marketing and production contracts are separate agreements.
Obviously, but I wish you luck and success here. My posts to you are not directed towards Eltp as I am invested here for the second time as a long holder. Just a word of advice as an investor/trader, always have an entry and exit strategy for each buyin pps, especially when dealing with borrowed money. Good luck to you.
Eltp
BTW, personal loans ARE NOT like margin accounts. You need to have the cash or securities in your trading account to back up the margin trades if called.
Eltp
Sure if that makes you feel better. You should try a lil harder to comprehend my posts. The question posed is, how can such a successful trader, one who is always right, not have the cash to buy shares? I would assume that you have made many millions trading thus far. Or, is this your first ‘get rich quick’ attempt on a penny stock and you are actually a novice trader borrowing above your means??
Eltp
Agreed, if I didn’t have fun I wouldn’t do this and yes we have seen it all here. Always just trying to keep it real, unlike the company’s puppet for the last 15 years who unsuccessfully tries to turn chicken chit into chicken salad.
Zen
My reading comprehension is very good, however, it seems my post just went over your head or you just don’t want to admit your to load up below. No one cares about your loan or inability to buy more lower, however. It seems odd that someone sticking flowers up their azz all day re their trading prowess would certainly have as much money as needed to buy cheap shares. I guess one who posts to themselves also has a unique ability to also lie to themselves and others.
Eltp
If you were good you would have purchased those shares between 03-06, I guess some just like to pay an additional 3-500%, unless you’re flipping Eltp, right??
I’ve been here a while and don’t plan on jumping. I don’t day trade pvsp and am in very very low. What you ask is a personal decision which should be contingent upon one’s risk/reward strategies. The current play is for Zen shares with the estimates being between 2-3k Zen shares per million of pvsp shares. The risk is contingent upon the pps of Zen either short or long term. The rest is just whatever it is, pvsp remains low or runs way up dependent upon buying or fomo.
Zen
Zen
Awe gee, I sold all my shares when the king stated the stock was dead, lolololol!!
Eltp $$
I don’t think an RS is in the pic before the spinoff. However, after the spinoff it is obvious according to the bj deceptive posts, the “founders” will pay off the debt with their 20% ownership leaving the company with the entire AS being consumed with insignificant revenue and no profit, basically back to square one. That being said, pvsp has been extremely beneficial to many of us over the years as Riss does come up with good runs based upon BS deals which never come to fruition, the definition of pennyland.
Zen
Lolololol, nice language but expected it. I see you still fail to see the difference between a losing pennyland RS and profitable Cos who actually RS for positive forward advances. . I can only assume your knowledge of pennyland is limited to pvsp, a pvsp RS to get rid of 5-8bb shares would be in the zone of a 1:1000-2000 split. It’s not the first time you’ve made this ludicrous claim about reverse splits but then you have no real experience which leads us to your normal cut and paste BS. Maybe tell us more about why pvsp selling is a good sign, oh yes, it is capitulating and consolidating ALL THE WAY from .01 back down to trip 2. BTW, a troll uses deception which defines you, including this last post as well.
Zen
This is the dumbest thing I have ever read!!!!! “A reverse split is nothing more than someone giving you a hundred dollar bill for 100 one dollar bills”. Conflating a RS with wmt or appl, etc. with a RS in pennyland, lolololol!! A RS in pennyland is usually getting .10-.20 cents for each 100 dollar bill. Why make such ridiculously ludicrous statements??
Zen
Let’s be clear, it may be a fancy word for someone who is totally clueless relative to a spin off/ creation of a new public entity as well as the continuity of the original public Co. Study up!!!
Zen$$$$
Of course there are shareholders selling which does not counter his points. There are always traders taking profits and other traders jumping on the train to take their ride. Simple minded or 7th grade mentality is one who only considers one piece of the puzzle, you are wrong , as usual or just pushing an agenda. Either way, if any trader on a message board thinks its’ members are the controlling factors for up and down movement is delusional. As in any huge run in pennyland we will see the brand new posters representing the big money, just like we did before and do with any stock. Bottom line is, our opinions don’t mean chit relative to the above and are mere opinions, although some are usually wrong, right??? Lolololol
Eltp
Just peeps more broker-dealers scratching for cheaper Eltp shares.
We been around a loooong time. Good luck to all. Liking the volume!!!
Zen $$
Good substantial news today.
Zen$$
Nice, sustaining/up with low volume
Eltp
Wasn’t my boat. Big boat rigged for sailing with mostly big guys as crew. We raced on two different Morgan’s but could only win races with the real rough weather, we prayed for heavy weather. Went from sailing to motorcycles to fast boats to fast comfortable center console fishing boats.
No doubt, kids have almost no apprehension/anxiety compared to adults as long as they are swimmers. My kids were 8-12 sailing in heavy storms harnessed in next to me while their mom was below scared to death. I took my brother on an offshore race right after his discharge from the navy. Beautiful weather but :heavy wind/6’ seas on a heavy 42 Morgan. He literally did not speak to me for months after leaving him on a night shift with others while I went below and crashed for a few hours. The constant pounding after each wave and rogue waves scare the chit out of many.
Lolololol, at least the day ended better. Getting sick occurs with no partying the night before. It has more to do with anxiety than anything else. Believe me, it can happen to anyone. I’d say the 3 things that affect peeps other than long night before are, rough seas, a real heavy storm with lightning and not being able to see land. The worst happens on sailboats racing which can last a week in the water. Peeps who get sick can have it for days. Best thing is never go out in relatively rough seas without using a patch or taking Dramamine the night before. Even the most beautiful weather can involve 3’+ seas.
Agreed, however, I’m just referring to running Zen and not pvsp. They are currently about 3 years behind the initial projections. All of their excuses involve issues they were aware of before disseminating the projections except Covid. Knowing an industry, although helpful, is not much of a precursor relative to running a growth company.
Don’t be foolish, you are conflating ‘double count’ with the fact that each trade is both a buy and a sell.
Awe, your feelings must have been hurt. One should take being corrected in a more positive manner and view it as a growth experience. My shares can be worth whatever you think, my accounts/pvsp shares in particular have no feelings, however, if they did they would be laughing at you!!
Zen$
Sounds like a smart plan and hopefully Zen does well. I do think a management change needs to happen. This German is NOT making it happen.
Yep and probably sitting on a billion doses as well.
Nah, even the beers are limited until the trip home and no hard booze. Nothing worse that sick boaters, lol.
Zen$$$
Yep, it was my passion up until almost two years ago when I helped my SILaw start his transportation biz. I think I’ll get back to coast often this summer. Thinking about a sailboat for the Grandkids, my kids grew up sailing and spent ten years doing a lot of offshore racing. I’d get a kick teaching them as would their mothers. Trading doesn’t give that gambling kick any longer
He does diving and fishing but primarily fish. Moves to Ms/La during winter for tuna.
West coast Fla
Yep, still have the boat chartered, a great cash biz with plenty of legal write offs. Would add another if the right person:captain came along. Trading is down my list of priorities as a hobby. Son in laws biz now strong in 18 states keeping me busy but having fun.
Zen$$$$$
Ooohhh, now we have some some caveats after making a fool of yourself. Lolololol
Eltp
Just saw debunkinators post with a Riss tweet that a record date will now be announced. Good news for newbies to get in.