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So what is everyone expecting for the first 20 days?
ive been in for weeks, not looking to get out was just wondering. Thanks, never held through an r/s
do you have to wait 20 days to sell after the split?
lets keep it rolling.
please ignore my mod request, that was an error!
PR for $plpe will be amazing i feel, Volume is coming in nicely.
lots of news on the ticker is being published. this will be a fun trade Tuesday when we are actually trading at 10 bucks a share.
I like this volume, Tuesday should be interesting.
news would be nice. today would be nicer.
i see .30 this afternoon.
im holding, but im able to sell now if i wanted. no issues with the "D".
we just gonna hover around a quarter?
Thanks
info i got,
Stephanie J.: Thank you. The company would need to send us the new shares. As soon as we receive them (within 1-2 business days of them being sent to each brokerage) your account would be updated.
Stephanie J.: You might check with that company to learn when they'll send out the split shares.
ya not to worried at this moment, but Id like to know whats up.
message im getting
A security with the symbol PLPE is not recognized as a valid listed security. Use Find Symbol if necessary.
so we cant sell for how long?
im starting to feel scammed.
Peoplestring Corp (OTCMKTS:PLPE, PLPE message board) was incorporated precisely five years ago and , at the beginning, their main business plan was to develop a one-of-a-kind social network which would allow its users to earn incentives through both online and offline activities. Two months after inception, they launched the platform and, having gone through some of the old 10-Q's and 10-K's, we can safely say that things were going along nicely. At least during the first couple of years.
In 2010, for example, they registered more than $2.6 million in revenues and even managed to achieve a positive bottom line, which, as you probably know, is nothing but a distant dream for the majority of penny stocks out there. Unfortunately,things took a rather scary turn for the worse. In 2011, they managed to logged just $714 thousand in revenues and a substantial net loss while 2012 finished with only $84 thousand in proceeds coming from the social media platform. The decline was rapid and it had its effect on the stock performance which is probably why, in May 2013, they decided to ditch the online media altogether and start looking for a new business plan.
On September 30, 2013, they closed a merger agreement with an entity called Vape Holdings, Inc. and officially entered the legal cannabis industry. They plan to offer a variety of products including concentrates, vaporizers, electronic cigarettes and they will also keep their eyes peeled for suitable acquisition candidates.
PLPE recently provided some more updates concerning the post-merger restructuring that is about to begin very soon. On December 20, they issued a press release with which they informed us that the company name will soon be changed and they also told us that they are currently in negotiations with Kyle Tracey, who is expected to take the helm soon. If everything goes according to plan, Mr. Tracey will bring in some assets with him which will probably help kick start the operations.
He's also supposed to bring in quite a lot of experience. Mr. Tracey is a co-founder of Growlife Inc (OTCBB:PHOT) and a quick look at their latest reports show that, in terms of revenues, at least, they are making quite a lot of progress.
Unfortunately, it's not all good news. A couple of hours before the start of Tuesday's session, PLPE announced that a 1-for-40 reverse split is about to be effectuated on January 6 and the 26% drop that the ticker experienced during the day suggests that investors weren't particularly happy with this fact.
Indeed, the upcoming change in the number of outstanding shares makes the future stock performance extremely unpredictable. One thing is for sure: the reverse split is going to leave a lot of room for share issuance which could cause some significant dilution (one of the main problems PHOT's shareholders have had to deal with over the last couple of years).
Another worrying thing is Vape Holdings' financial situation. The management team filed a pro-forma statement in an 8-K form a couple of weeks ago and according to it, as of September 30, the consolidated balance sheet looked like this:
$568 in total assets
$341 in liabilities
no revenue
a quarterly net loss of around $125 thousand
PLPE_logo.pngIt's clear that they're going to need a stable source of funding if they are to succeed which puts even more question marks around the future.
Considering all the risks carefully is, as always, absolutely crucial before making your final decision.
will you be able to sell on Monday?
get in now, dont wait for Friday.
volume picking up some here, spread smaller. be nice for a lil run today.
wow congrats on that difficult DD to do.
just gonna go smoke a joint and ride this one out for the long hall.
getting pretty crappy.
down 20%, cheap shares
Thanks, Hopefully stock closes about .25-.30 before split.
So what are my 250K shares worth after the split. I have never held a stock during or for a reverse split. thanks
www.pugettechnologies.com
website up for sale...you guys kidding me?
Now we steadily hit .25 again, profit takers gone and we should be clear for .30.
This is gonna be very nice in 2014, money money money.
could we get some news?? Smoke all the way to the bank.
.25 easily before the holiday.
pump and dump, got multiple emails today.