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When this was Titan Ore it was junk, and it's still junk. The financiers involved in this are famous for BRUTAL dillution when converting debt; Asher Enterprises, GEL Properties LLC, Hanover Holdings I LLC, JMJ Financial, LG Properties LLC, Beaufort Ventures PLC, Coventry Enterprises LLC and Union Capital. This thing will go exactly nowhere from here.
$316.00 market cap. Woo. Sounds like an empty shell to me.
Well, that was a healthy jump. I have to wonder ... when someone drops $50k on a penny stock ... what do they see? I mean, if it runs to 0.012 ... that guy makes $100k profit. This ran to 0.0094 yesterday, so ... I dunno. Something could be up and someone with money to lose saw it first.
To the tune of $50,000 ... that's walking around money for a penny stock.
The foook? 12 million? dang.
Maybe. Like I said earlier, social run ... and fast, when they do run. Most of the 10x runs have been social sites. This could happen here, if the stars align.
myFaceWhen.jpg ...
However, social sites can run to HUGE number for no reason at all ... one recently went from sub-pennies to $15 on rumor alone. People are always keep to get in front of the next huge thing, even if the risk is high, especially when the investment is low.
And let's face it, $1000 isn't much.
I make apps. I know what works. This one's pricing needs to be tweaked.
Also, there will be fast followers if it catches on. Writing apps involves a lot of boilerplate and well understood techniques that any programmer can find on stack overflow. Any respectable programmer can see what the app does and duplicate it using built in functions in xcode or eclipse. This is a given.
I've shared my ideas and code with thousands and I still manage to come out on top because my execution and marketing is better. Sometimes, that means taking a hit early on to build up a large base to work with.
iHookUp is #32 on the app store in Social Networking apps with a 1-1/2 star rating. It needs polish or it's going to fail.
The devs need to solicit input, do some UX testing, and figure out what it is about the app that people don't like. They need to spend time and money on it. Polish, polish, polish. Make the UX/UI as simple as it could possibly be.
Could be.
The only saving grace that this has is that social companies can run for no reason. There was a ticker a few months back that went from $0.0004 to $15 with 1 employee and no revenue, just an idea.
So, it can happen ... and rarely, does.
I only have $100 in to this. Not much of a stake and I bought in on a whim. I didn't realize that HKUP was previously Titan Ore ... and the guys that ran Titan Ore are famous for -brutal- dilution. I sincerely hope this does run up to the pennies. It could, conceivably. They have a product that produces revenue and it's growing which is more than most penny stocks have.
As far as being the next facebook ... not going to happen. The best that this could hope to be is the next AFF or HowAboutWe.com. With a little luck, it will be bought out within a year or two. However, that's going to require some polish on the app and a legitimate dedication to the app's success.
The app should be free with in-app purchases, not pay with purchases. Throw an ad supported version out there that's free so the subscriber base will grow. But, with the way it's structured right now, it seems like these guys are trying for a cash grab.
We'll see. I remain skeptical.
I dunno ... I'll be surprised. But who knows, you may be right.
Maybe. But this looks a lot like dilution.
Seems like someone has an endless supply of shares to sell in to this bubble. Oh well. I was one of the idiots that bought at 0.0088. Only $100 worth, but that was dumb.
Blah.
This will do well. They need to bring their pricing down to a level that's more competitive with other apps, but this has a better interface than those, so ... as an app developer, I think I can safely say that this has good potential. 90k downloads in a month is a good start. If they don't clear any other in app purchases, it's 56k month in profit. Realistically, if they hit 250k downloads, a community of devotees will develop. That's when things get going.
If it has a snowballs chance in hell of making money, and it does, Match will buy it.
Doubt it's a rumor, Match.com buys almost anything related to dating or social meeting.
I can't find it listed in the top 10 apps
Meh. I lost $42. I'm not worried about the R/S much. I feel bad for people who lost more though. It's a risk, I suppose.
The 10k pre-retail whacks are still happening. Someone is loading or artificially depressing this for some other reason.
It just happened again: 426k purchase preceded by a 10k sale. Someone is loading or otherwise trying to keep the price low.
Something weird is going on; something fishy. All of the 500k+ buys are immediately preceded by a 10k sale by 3 to 7 seconds. Someone is playing a game.
Electronic manipulation using computers to process sell and buy orders based on retail behavior. Basically, it's a way for the guy with the fastest computer to control the price of a security. He can see what you ordered and then his computer can automatically respond and submit a buy or sell before yours hits the market.
Of course, it could just be coincidence, too.
Hmm, a 10k sale followed 1 second later by a 700k purchase ... sounds like snooping to me.
All, not to be overly optimistic .. but, think about it...
GreenGro was in worse shape than FPFI and it ran to 1.20/share ... it became a billion dollar company almost overnight.
Bearing that in mind: if FPFI does release a product to market and it gets some interest from a distributor ... both of which are reasonable assumptions ... it could easily get to $.10 / share. That'd make it a $50 million company, not exactly large but far from small. About what I'd expect of a mid-sized snack producer.
I think this might be the real deal.
Until I can go to a lumber store and buy lumber harvested by Hollund, I'll call BS on anything they say without consideration of evidence, intentionally. I have nothing but contempt for this company. The only thing they did was take money and retire to Panama.
I agree with Plutus. This thing is a scam. They diluted down to 25 billion shares, then R/S'd back to 5 million and have done exactly nothing since then ... not a peep from anyone in the company.
I suspect that within a month, they'll start diluting again until they get to some outrageously high number of shares at which point they'll do another R/S.
Whatev's man. I can't sell the ... I dunno, 200 or so shares that I have at the $0.02 that it's going for. This whole thing is dumb.
This is not a ticker anyone should want to be involved in, in the absence of verifiable proof that something significant is going on in Panama.
We need a release that shows there's money being made. Not promises and forward looking statements, but income ... "we made this much money over this time ... "
Give it a month...maybe two. Then they'll dilute and dilute until they need to R/S again. It's a machine.
If this keeps up they'll find themselves cellar boxed. If that happens, they'll have to dilute and dilute just to cover expenses until they have to do an R/S. It happens all the time and the only people that profit are the MM's.
this thing is junk. I'm out $400 ... no big deal, but I know others are out a lot more. It's a shame that nothing can be done about it.
Assuming he wins ... even republicans are pretty fed up with the Perry cadre. Even the staunch republicans I work with aren't too thrilled with Abbott.
Someone dumped about 20 mil shares yesterday at EOD ... seems like it's still happening this morning...2.2 mil just dumped.
Dilution? I've seen over 20mil shares traded since 14:50 ...
Yup, this is a scam. They RS, then the price drops, they issue shares, then RS again at a later date. Wash, rinse, repeat.
I'm out $400, not even all that much. I know some people were hit pretty hard though. I'm just waiting to see what I can get for the 200 shares I have, if anything, before the lawsuit hits.
I'm as far in as I am willing to go on digx. My attention has been focused on a certain shack of radios and the volatility surrounding it.
Clearly it didn't make much of a dent. 15k shares brought it back up. It's only an 11k trade.
I'm in for 100k.
Maybe ... Obviously, numbers, even speculation from the company or some idea of the size of the market they plan on targeting, would be better. It could close in the 008's after hitting a high of 01+. It's being touted in at least 4 places, probably more and that costs a lot of money. I don't see the big buys and sells yet that would suggest a bloodbath soon. Although there were some 100k hits recently.
I guess this could be a "shoulder" which would suggest a run to 0.01+ some time after noon...noon:30.