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I'm speculating what it could open at.
Not necessarily what it will sustain.
They don't seem to care about anything else but elbow room, having preferred to 'aquire' and put up as collateral along side clearing past debt.
If past members shares are dumped at once, which has already been speculated, chances of remaining in silver territory for more than a weeks sessions could be slim, no?
As far as i can read, they are paying the brokerage fee's, did I read that correctly? (between what, $7500-8500 ?)
$1 open sure
Should settle around .35 after the lesson teachers teach no one but themselves a lesson.
Must really see the humor
Vending machines kill more people than weed, coming from a company who peddles weed through a vending machine LOL
OMG that took me for a loop hahaha
Positivity only spreads so thin
After this, reality takes over. It's about moving money, nothing more. Even the most disliked companies are sustainable, IF they move money and bring value to the ticker, where the OTC is no more than a launching pad for aspiring felons and scam artists searching for means to stay below the regulatory radar, every now and again we see something nice and reasonably humane happen.
Still, an interesting ticker to be involved in to say the least.
Will easily open at $1
Or much more in fact. How this sustains in the weeks and months after, is fully dependent on how the company can perform, as a company. Which continues to be the enigma.
This is not very bad at all
In fact it's what is the right thing to do. Shareholders are holding hundreds of millions of shares, individually, this is an 'all in' situation which leaves the company tied down, hence no increase in authorized shares.
If they play this right, shareholders should not see any significant decrease in value outside of initial sell offs from disgruntled misunderstanding shareholders.
As a matter of fact, this is what many shareholder could consider forward movement. IF company see's their business plan through, and continues gaining professional busniess partners moving forward.
This is not the normal increase in A/S then a PR dump, as at this point (the point where 1000:1 is recognised)we should begin to see filings and company news.
Makes perfect sense.
If they have nothing really to show, when 'trying' has no column on the balance sheet, why bother until the seasons change.
Could be this month
Could be next year, at some point they'll start their PR machine and boom.
Trade the movement that will come after the liquidation, it's a stock, made to trade.
Just like any other ticker.
Had to happen
And it's going to happen again considering they did it at this point and did not go the full 10 billion needed (at the minimum)
Missing key statements or not pointing them out directly is a complete and utter mistake......
Look here, it's obvious ERBB has underperformed drastically compared to what forward looking statements have been made public, there is no doubt there. So what.
Why this is could mean quite a few different things. First off, these aquisitions and such are no more to do with anything other than dollar movement between corps for obvious reasons, people do what they do for money, it's really not that difficult. Once corp stops moving money, either credit or debit, they're done.
My point is anyone working for finra is more than well aware the entire OTC is little if any more than a trash pile of sharks fighting one anothger for that scrap of meat. Every now and again one of their turds shine. Any finra employee that requires explanation is likely a mail room runner. = reality check.
Will ERBB shine? Who knows, but they are moving dollar bills, that in itself is the key to the entire process, move money, move more money, find ways to move more money, and keep a little back, nothing more. So in that sense, they are absolutly successful up to this point.
Just think, within the next three months each share will be worth negetive 5000% what they are now.
At this point it's doubtful we hear anything anytime in the forseeable future.
This is exactly the playbook for reverse split.
I've been known to do that before
Clue me in?
AGAIN!
Really, so what
And honestly I think to myself, what, what would I be thinking if Phillip was not posting, yea I know exacly what I would be thinking.
One of the three suspect realities would be materializing well before this point. So either way, great play, meaning Phillip's being social frontman, is no less than a stellar performance. And much closer to reality of any corp these days, that right there is something.
Merged with a financial death pit
Only to take down previously private business down with dried up scab of a shell.
Interesting concept.
So we are aware there is more going on here. Which is it, a means to bail out or protect a major undiclosed issue with private company, a political financial funnel, or rookies combined with a few educated looking to experiment.
I've always liked what this company stands for
And what they have shown to be pushing for, as well as what they have accomplished, on paper.
However this agreement of aquisition, means only one thing at this point, more debentures, which means more shares required when due, which requires raising the Authorized shares, which means more selling into the bid, which means lowering the PPS and essentially diluting the company worth, on paper.
Maybe, but why, makes no sense
What makes more sense, is someone is trying to effect others by hurting themselves, and dropping the pps. Then again, i was not looking at L2 to see if it was close enough for a retail trade like that, timing is everything on that level right.
How does a 'fatfinger' trade happen in OTC where there are required limits?
It does not. Someone sold at that price.
International Arbitrage my foot
Not a scam just a group of people that understand what it takes to play the laws called 'how to buy a worthless shell, make it appear as if they have a plan, start a free website, add a spokesperson and reverse split twice annually.'
However this one is starting to remind me of that lotto play thing. In fact quite comparable.
It's too bad for many that had high hopes this year
By the history here over the last 12 months, with nothing to stop or even slow the decent, by winter 2015 she'll be popping off trip 5's, this is if they are not forced to move the AS between 7-10 billion to cover debentures.
What could prevent this?
Give it a few weeks to months
See if they start communicating at the very least via fins, if so I'll gamble some more.
Who would buy a non reporting OTC ticker at no bid
They'll be 'restructuring' before too long
If they have any plan of doing business the way they come across, a large RS before the forward.
Should be whatever is left of the float available, and more to come by a few billion by the end of summer.
Can't believe it took this long
Three-four months past what I assumed it would take.
"Let's wait. Once it ran 24 cent within a week."
Not in the last three plus years
Appearences? Null
Fake company, doubtful. Strange they have zilch for a PR team.
They are waiting for a no bid situation?
Bah I think not
After all that has... I mean has not happened, what could the fin timing of a trip zero ticker one step away from no bid hurt. A selloff? So what.
Q released Friday after session close lol
YES!
Exactly!
I still say this thing will absolutely ROCK Q1 2016
So I spent some time reading fins
Went back through roughly 24 months. What I say is not a refelction on the company as a product, yet the company as a business.
I find nothing truly 'wrong' with what I can see as what they are doing and what they have plans on doing. Outside of rarely meeting what they say they will. So much for sudo deadlines.
All that can be said is if, and IF, as in, no communication concerning any large events that have been burning in the background, if nothing is brought to light in the next quarter, she's looking rather grim.
Which in all respects is not actually grim. Keeping what we wish and what is in seperate homes. Wish in one hand sh^ in the other, see which one fills up first.
At any rate, heading back to mid / late 2013 area.
Q this week per company social post
Now watch how fast those 2's are yanked off the bid once she starts poppin', if not, I would pay to see the faces of those who fail to cancel LMAO
Silent but deadly
Yes PPS is much more inline with what it should be
This is a correction from 12+ months ago which brought to the light of day this company again.
Doubt it highly
Even no bid is looking as if it's not going to happen. Every time I get excited, poof, more on the bid, sheeze, dumb