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You are forgetting the part that the OTC exchange is up to its eyeballs in fraudulent companies and nobody cares. The current PPS reflects the trader sentiment of this company. Take a vacation.
You did say this yesterday -
Quote:
"Will be under .004 tomorrow sell now"
Thanks kind sir.
You stated ".0009s by Wednesday" . Yesterday was Wednesday. Please explain the 800% difference, why you are still here, and why your opinion isn't worthless?
Were you inferring that you were right here?
Can we get a Minster alert?! Where are those trips we want some!
Where are those .0009s by Wednesday?
Time to sit at the "trips before news" table.
Anybody remember the name of the CEO from that company who decided to resign because people on I-Hub suggested they do so?
Me neither lol
Things will certainly get interesting today if a PR isn't dropped until after close.
Prob an inside job to pump the tires pre Florida ballot medical MJ initiative. Then if it passes tomorrow a PR will ensue about new markets or something lol. nothing will really surprise me at this point.
the P&L on Yahoofinance show's $567K net income.
The balance sheet on the other hand shows $0 cash. Made me laugh a bit.
While in Belize I would recommend visting Xunantunich on the Guatemalan border - perhaps the ancient Mayan ruins will provide insight as to why there are no fins...
When was the last day with a bid lol?
There's not a chance they've been working on the audit that long. DEWM is not a large company, i've audited companies with a lot higher revenue/assets than DEWM. Fieldwork was probably 2 weeks. Post fieldwork completion typically drags out. I'm guessing they aren't releasing audit report until some sort of litigation is resolved. There is 0 chance it is because of the numbers on the fins - definitely some ancillary, red tape measure.
Has management shed light on when/if they are going to release additional shares? - according to previous 10-Q there are 2B authorized and most recent TA stated there were 750M outstanding at this point (according to this board).
Yeah I would have to imagine it's mostly pushed around by wealthy retail investors because typically hedgefunds and WM companies won't mess with anything under a multi-billion dollar market cap. Not to mention it is also OTC.
I live near this the Wilmington headquarters so there is a lot of hearsay regarding this entity and so forth. The run up to 1.80 was borderline ridiculous. It was green like 10/12 period or something insane. Many people trade OTC from strictly a tech standpoint. The RSI is a huge indicator IMO. I'll avg down if need be but not going to jump ship at this point.
Well lets put it this way, if the selling continues and the RSI gets down to 25 people will gobble this up. It seems like some notable deals were landed post FY14 June 30, AKA subsequent to the financial statements. The quarter ending Sept 30, could show some good revenues. If RSI dips, and a solid 10Q comes out, we could see some good buying action. I'm hanging tight.
When $IMSC was at 1.80 the RSI was around 80. Now its in the low 30s. Getting close to oversold IMO from a tech standpoint.
Things weren't supposed to happen on the 15th. Things were supposed to happen 6 months ago lol but instead they filed 10K-NT. An IRS deadline was yesterday, which presumably meant FINS would have to be completed in order to file on time per the 6 month extension. It's possible they filed the T/R but are still waiting to release the FINS. But even that would be overly optimistic with all the facts given. Done speculating about mgmt, that is for sure!
Likely hiding I would say lol.
Another thing to consider here is despite the chart showing the death spiral (seriously though) is that Marco has not been diluting, and owns a bunch of shares himself. Low PPS isn't good for anybody including himself. There would be dilution if this were an ATM in my opinion.
Just a thought.
What are your thoughts on the 7/11 deal? :)
Clearly I'll do as I please.
I'm just curious why you were holding in the 4s if you actually thought
"2s around the corner"
and then you mysteriously held until the 8 paint job today.
Simple logic says - Absolutely False, No chance. Not even a smidge.
Failure to file penalties etc. and interest on any tax due
Your last statement is correct. There does NOT have to be a PR and the fins DO NOT have to be released on the 15th.
However, CPA firms do not file tax returns unless the audited fins are completed.
So if they file on time (which we will never know because the T/R is not public knowledge) that would mean the fins are complete.
All we can hope is that they file on time and drop a PR sometime around that date.
Certainly not doomsday, but an indicator for a good or bad nonetheless.
Yesterday's post:
"2s around the corner"
Today's post"
"Sell before bloodbath tomorrow."
How about we get rid of those top 2 stickies? TA ungagged and .0002 are not around the corner.
Perhaps put some useful information up there. Like TA Ungagged, and 7/11 deal.
Please and Thank you.
Small paints up and down. Not much going on
Yeah I agree based on those projections revenue wouldn't seem great but until we see 10Q we won't know the whole scope of the operation due to being left in the dark for 6 months.
RSI @ 35 though so any news etc will push this towards neutral which would likely increase PPS
I agree the fins aren't going to show much especially because they will be for the period ending 12/31/13 which will have pretty lousy revenue. The fins will be more symbolically significant that this company is still working and was successfully audited in compliance with GAAP.
If they simultaneously post 2 outstanding 10Qs then maybe we will see some action. Won't hold breath though.
Need PR's indeed!
Starting small and expanding...
That makes way too much sense for this forum.
I agree all the way.
Also, I appreciate all of those puns. Good day.
Thanks doe, I appreciate you using charts to substantiate your claims. Makes everything a lot more legitimate. Unfortunately that is not always the case in this neck of the woods.
You should ask it what the winning powerball ticket number will be this week!!!
If a meteorologist says its going to rain friday, and it rains 3 weeks from Friday. Was he right? Haha. Nonetheless .0018 did punch $DEWM
Thats what I figured the solution was haha. Beat the MM's at their own game. No $40K laying around but I'm sure some folks do. Thanks for the response! GLTY
A lot of talk about manipulation but not much talk on how to reduce it. thoughts, solutions?
I agree MM. 9/15 is a tax deadline, so the fins would have to be ready to file on time but they wouldn't necessarily have to be released. It would make sense they are released but I don't think there would be any sort of repercussions if not.
Presumably they would be non-compliant for tax purposes if the 15th deadline is blown. Chances/consequences... hard to tell, my company always makes sure we file on time. Only time things are late are due to client inaction (not ratifying fins aka signing mgmt letter etc), so if its late it would be DEWM's fault not CPA.
Sorry for delayed response was in SF for a week and didn't wake up very early haha. Companies don't usually PR about their taxes just fins. I'm not positive but i'm pretty sure EDGAR filings appear pretty much immediately.