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Jack - Nearly all outstanding shares currently out were issues post R/S and so your logic doesn't apply to them. Those holding these new shares don't have much to lose by dumping and they will do so if there is any indication that Odidi isn't producing.
Bern - every member on this board thought they had a good entry point. the reality now is that there are probably more posters here with greater than 90% loss than with less than 90% loss. this could trickle down to pennies and then R/S again. Just look at the history.
Yep today was the dagger. Hard to watch such a promising company collapse like this all at the expense of investors.
The company proposed a plan to the Nasdaq to keep from being delisted. One of the requirements is to have a stock price in excess of $1. They need to meet the plan in the next few months. This is why the $1 price target keep getting brought up.
Who would merge with them? They suspended all research activities. They are just sitting on cash that needs to be paid back to the lenders. With nothing in the pipeline what value do they have? This is clearly winding down.
Yep. And how many more hundreds of millions of convertible shares does that $200k convertible note holder still have that they will dump on any opportunity before the R/S?
3B shares have been diluted at .0001
Avoid this one
Over 3B of the current float was sold at .0001. Thus the reason for the R/S. This will fall through the floor after the R/S. sorry, but 3B shares being traded over and over upward just isn't going to happen.
Disappointing. I stuck with these guys since day 1. I went through 2 R/S, lost 99.9% of my investment. I hope the SEC is watching.
Spark - These "goodies" have been "coming" for years now.
buy 500M at the ask. lets see it.
I have been here for 4 years and have seen countless posts like this but nobody ever pulls the trigger to help get us there.
Its hard to believe that Darren and Ron would get out of restaurants; that's where their entire careers have been. How could they be better in a different sector? The lack of transparency here has crushed us long holders. I hope they make this right.
Spark - You think this will actually be the one? Been here 4 years now.
I did buy 30M more at .0001 last time to avg down. Then the R/S happened. I am not falling for that again. Same thing will likely happen here and all current shareholders will have lost everything. Darren and Ron seem to forget we are real people or they are just heartless.
Guys,
Just look at my post history. Everything you need is there. I have been on board since 2014. My cost average is 37c per share - yes, you read that right. 2 R/S, potentially another soon, billions of shares diluted, late filings, stores closing. Ron Heineman and Darren Dulsky should be in jail for how much money they have swindled from investors and how they have hid it from the financials. I hope the SEC brings them both down.
Heineman was sued by the SEC last year and lost.
Don't fool yourself here.
News is bad for this ticker. Every time they issue a PR their dilutive shareholders flood the market and the existing shareholders lose. No way to win here as long as Heineman and Dulsky run the show. Fong taught them well.
Why would GRAS get into MJ? Ron and Darren have over 50 years combined restaurant experience and that is exactly what Carmela's is. Last year they created a holding company that would add other restaurant's. They are restaurant guys. The only reason the ticker resembles MJ is because of the old days before Carmela's was acquired when the company sold grass fed beef. If anything, they will change the ticker to better resemble a pizza chain. This company or management has no business or experience in the MJ sector and they never will.
"dilution should come to an end"
You obviously haven't been here for the last 3 years like some of us. We have been saying that for years with no end. 4B shares dilution, 1 R/S and on the verge of another.
Don't get your hopes up here. Ron learned a lot from Fong - diluting makes more $ than running a business the ethical way.
You haven't been around since 2014 like I have. 2 R/S so far. Over 10B share dilution. 4 separate 99% price per share declines. I have seen hundreds of overly enthusiastic investors lose everything here. You are just the newest round of them. Go back into the archives of discussion here; its just a rinse and repeat ticker.
4B shares have been sold at .0001 since the last R/S. This is going nowhere. R/S is the only option at this point.
Wondering the same thing...
Yeah, 5B shares outstanding all hiding behind a shell. Sad to see companies like this are allowed to continue, when it is so evident with a little research that it exists solely to swindle money from unsuspecting hardworking people.
Don't be fooled. There will be another $100k of .0001s available once the $6k are picked up.
Over 4B shares have been sold at .0001. What makes you think 20% of those share owners wouldn't flip for an easy 100% gain? I think the "wall" is closer to 2-3B; most just haven't put up their shares yet. Look at the history here...dilution and downward pressure.
I'm heavy into one of Fong's other scam companies. I have watched all his companies since learning what I got myself into. They all perform the same. Groups come and go, frustrated and threatening to "take action" then they accept their losses and move on. He waits for the everything to settle, then does it all over again. I invite you to go back over the years of posts in any of his companies forums and see for yourself. I truly am just trying to help. I have seen way too many people lose and have made it a commitment to stick around and warn people as long as his companies exist.
Likely 2-3B shares on ask at .0002
Billions of shares sold at .0001 in recent months. Most will unload at .0002, they just don't have their sell orders up yet. No chance this moves. I have watched this one for years and the same thing happens every time.
Any idea on the O/S? Would be nice to know how much of that 1B+ shares the past few weeks were new verse traded hands. If it was existing shares shifting to long holders this thing will fly.
Except for the convertible note holders who double their money when they see big volume...
We're in the same boat. Unfortunately I have lost a whole lot more. I bought most of my shares before the last split, so my avg cost on all those is about .30 (yes, 30 cents). I cannot tell you how many dozens of people have come and gone over the past 3 years with 99% losses. I don't know how Darren or Ron sleep at night knowing they are doing this to people.
Prime - To be honest, he is the most accurate poster on this board. As much as many of us want things to turn around, the reality is that this stock has fallen in 2 years from $3/share to .0001 and over 4B shares diluted. The company has been late filing nearly every filing and has not paid fees on time to keep current status.
Jack, hope you find something good. Would be nice if the investors were finally treated fairly here. Nothing but losses via mass dilution for years here.
How was this a great day? Over the past 2 days over 600M shares were traded at .0001 and that is where we finished. This is the same story here over and over and over. Lots of talk, lots of volume that later is determined to be dilution, then everything quiets down and the price sinks further. Someone needs to come in BIG at the asking price, then hold. Not a good week here.
we need 10x that to get this moving
Their facebook page recently increased 1k likes. Just a few months ago it was 2k and now its 3k for the New Carlisle location. Must be a tasty product. We just need management to buy in here.
Darren and Ron need to buy them! That's the only way investors confidence will return. Can you imagine where this would go if these two guys bought 500M shares and released a PR that they are going to hold?
We need one to bite! Lots of talk here but no action. Last year a big name on the board came in and slapped the ask for $60k and this thing took off like nothing I have ever seen. who is going to step forward?
I have been here for over 2 years and this is some of the best news I have heard. Nice to know the funding is going toward building this company, something that has been a concernever since the Carmela's acquisition. We need company to buy existing shares to show they care about the investors and that more R/S and dilution are done. People won't get in this until they know their interests are in line with managements.
The franchise program has existed for 2 years. If you want one buy in; everything, including a financer, is in place.
Guys, no chance this company goes back to the beef business. This is Ron's and Darren's retirement and you better believe they are going to build this brand over time. Lets keep the discussion to the pizza industry particularly this company.