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At what point does ones transition from the status of victim and then just become a fool? I lost a ton here and cut my losses way too late. I was pizzin Link off so I just shut up.
Ask yourself this? If I actually had a viable business plan to execute, why would I silently dump a bazillion shares on the market at .0001 or .0002 pps. For a couple hundred bucks in PR fees I could share just a small part of my real plan and sell shares at .0010.
This fool sold at .0007, even though I knew the truth at around .0012
This clown doesn't have a license or the assets to sell a damn thing. Darth told me that long ago.
Good luck but it doesn't look good to anyone that doen;t like to fly on blind faith.
He won't. He turned this into the most obvious share selling scam on the OTC, When he can't get a .0002 bid anymore the R/S will come. He sold us a couple websites.
I'm sure those who bought the last MJ run are seemingly hopelessly upside down. I've done it in other sector runs more than once. Hoping to get mot of your money back someday is no fun. I expect more capitulation this month. Until most of these guys shake out there is no big upside without big news. It will take a license to launch this. I am confident it is coming, but it is much easier to wait if you didn't jump in during the MJ euphoria.
Picked up some shares right at LOD price. Probably a sign we are going lower but oh well, I am good with sub .25 shares.
Good question JSUP. No news and the price is about the same. Why is it a buy now Stan?
Question is why was the stock this low?
So you just quit an index if you desire? Serious question. I don't know how it works.
MJ Index, how do you out? Can they not track whomever they please?
IMO it's about time to nibble if you believe you need more shares. I am going to try to steal a few down here, but will wait for chart signs of a bottom before I finish my position. I have no problem chasing it higher if I miss the bottom.
Sorry for the late reply Trim. No I am not back in yet and none of the following is a reflection on UNGS.
The entire MJ sector is getting absolutely hammered without regard to the company so I'm not pushing new money yet. Everything looks like the best price ever now, and then tomorrow prove otherwise. Has to be a bottom somewhere right?
I agree with that approach going forward. I believe the market will soon start caring who can bring revenues in the very near future. Everything else is a share selling scam and that game appears to be over. I'd like to see the MJ Index 12 month chart if you pulled GW out of it.
You could very well be right and I have read this opinion many dozens of times lately. But pinkies chase hype and momentum. Winter months far better than summer. They will gamble on something to include Snake Oil. What replaces MJ? What alternative do you offer because the bets WILL be placed somewhere.
And I will say it anyway as a longtime bigboard investor who did his DD on a hundred pinkies before I gave up. Best BS wins here so we pick our MOMO or leave the pinks.
Some dilution is likely occurring, some convertibles probably getting cashed out. And it has a news stream coming. It trades for .004-006 with MJ season approaching. What's not to like :)
Risk-Reward from here seems attractive.
Possible DD trail concerning oil-gas well deal. This might be worth chasing down, the link doesn't currently work and I have to got to work or I would dig myself. The word "lease" caught my eye. Maybe there are numbers contained within? Sorry if this is old news but I missed it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106474117
I could use a little hard cider while checking my account statements this month.
Anxious to see the new UNGs website. I think the quality will be very good. If it is truly ready to sell I think you will finally get a decent pps pop. The current price is tempting.
True story, that was a good call that will probably look even better soon.
Now let us know the day before ATTBF bottoms Nostracurious. :)
Good, there is a still a real good chance you can show up for Thanksgiving lol.
Awesome analysis. Baseball is not boring! Not to turn this into a chat room but my B-inlaw is the pitching coach for the Angels. Diggin baseball right about now.
Back on subject... orange Roman candles are the real deal so let me know when you see one. Glad B-dawg talked me out of averaging down too soon. I'm still buyin more but I owe him a drink :)
Best post all day Curious. You've inspired me to sell the truck and put out a second mortgage on the doublewide tomorrow. I need more shares :)
Mom's in UNGS? I gotta know what here average is? Just wondering if you are going to get a hug or a spankin lol.
I covered with little profit. My shorting game needs work. And shorting a cult stock will get you burned if you do it enough. I learned the hard way long ago and there are better targets on a risk-reward basis. That said, if it bounces it will be tempting as there will be no floor when they miss earnings which I see as highly likely some quarter soon. :)
T Trades. No big deal??? You are right until it becomes a habit. Then you will care deeply. Watch for it in the future.
The shorting doesn't bother me in this case. As you stated they will cover and that certainly won't hurt us any. Staying short on a company with ridiculous amount of cash is worse than risky. It was probably about the only way to hedge a BABA bet last week. I don't know when BABA options will trade but I assume soon if not immediately. There will be better ways to hedge a BABA position and the YHOO shorts will cover with a small profit.
The downside short-term risk from here seems very negligible. This pps looks attractive. (Barring a crash of BABA share price which doesn't seem probable soon).
BABA may be fully valued for now, but a run north of 100 sure wouldn't be the most outrageous valuation PE achieved by a well run internet company.
Yahoo will drift toward 50 in the not so distant future IMO. If it drifts down much it will become an acquisition target by others companies that are good at 6th grade math.
Thank you, I thought I read a post where it was a larger trade. In any event it smells bad either way.
Yes HennHouse I am buying more shares. This thing is still a falling knife though. I will probably keep a little dry powder and wait for it to stop going down most every day before I finish my buys. I did have an order in for 25s today but it didn't fill on the quick dip to 22 today.
That is very likely. He was on this CNBC several hours before it actually opened today and said do not pay 90. I suspect he will advise to wait for a better entry, which is possible on the next market down day IMO.
You said 25. Now pick a random number and take a stand. New daily pps predictions aren't much use to us lol.
Agreed Apostle. Dead cat bounces don't occur weekly for a couple ticks.
You are correct Happy C. If you can two tick trade it you can get some money back. I have a day job so it wasn't an option for me. He's got a lot of minor PRs in his holster so you can count on another chance in a week or so.
Only 95%? You are feeling generous tonight Petey.
No Happy C unfortunately I am not and I was VERY patient. Averaged down to my death and out with about a 50% loss and I had a lot of shares. When the execution matches the published plan a couple times in a row I think this has potential. Until then it just smells like major dilution on a near weekly basis. If the next financials prove this wrong then things will be good here eventually.
As Darth says the CEO needs to be held accountable. In the current shareholders defense, I'd like to hear how anyone could actually do that.
Thanks to this board for the explanation today. I haven't been in this long but I am down enough already. It is comforting to know the reason for the pps dive is not likely a reflection of ATTBF performance. Probably not a good time to grab some more falling knife but I will be ready to buy more with confidence when it shows some sign of bottoming. I think I will be glad I stuck around.
TSLA, how much downside before it rebounds? I think the air is out of the balloon. I don't expect it to launch or I wouldn't have shorted it. But I don't want to get greedy as it has a cult following. I'm sure some of them think its a deal right here.
Honestly gwinis, a clean shell company is not what is being sold here currently. There was a time when that made sense pre-merger with Signifi. Sylios has publicly stated they are embarking on expansion. The Sylios website is projecting an expanding company with numerous subsidiaries pursuing a viable MJ biz in the near future. PRs support this. You don't sell a billion shares to be a shell. You are betting on an MJ business, not a clean shell. All IMO, but I think a clean shell company plan is a bit of a reach at this time.
They can have an office etc. First line from the wikpedia definition....
A shell corporation is a company which serves as a vehicle for business transactions without itself having any significant assets or operations.
Because I am long. Please note smiley at the end of statement lol.
It's gotta be us :)
The remaining oil assets are probably worth some more convertibles. I'll be very interested to see the next financial filings. I think we can all agree this has been a period of many transactions since June 30th. I don't recall when the BAYP convertibles get cashed out, or if those dates were shared with us yet. That would be in the next 10K.