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I have been saying all along, NEW CEO, NEW VISION. Selling assets and a reverse split that was very poorly managed. We need a seasoned veteran businessman to lead this company. Time for change.
It is Sunday in Jacksonville. When at church this morning DO NOT MAKE EYE CONTACT with Sr. It will cost you.
The only hope for this is that they find a good PR guy that can do a good pump and dump.
it does not "have the ingredients". This is a very poorly managed company and the only reason it has a low float is that they did a 10/1 reverse split. They did the reverse split at .35 cents, so it is down 30% since the reverse. This company does have some potential, even with terrible management, to return to higher prices. Just wait until the shorts get done and make their money.
That is what makes a market. You think higher I think lower. My thinking is this, there is no change in strategy and leadership. The same leadership that saw this nearly de-listed and only saved from that by a poorly managed reverse split. So, the only change since the reverse split is a lower price. My guess is that shorts will hit this soon and we might be able to pick up shares a lot lower level. Do you have any reason to think that it is going higher? Based on what? Please share. My opinion is that they need to make a change at CEO and hire a professional in the business field to run this company.
yes it is, but, we have no idea how many shares they have issued to insiders since the reverse split. They are poorly managed and have been selling assets to survive. I would wait until the shorts are finished with this thing before I would be, just MHO.
I am surprised it is still above 2 dollars (.20 pre-split). The company has not changed any strategy. So, I am still thinking shorts will come in soon and finish this off. I am looking for 1 dollar are less in the next 30 days.
that was laughable. "I checked out the evaluation..." what a joke. The only people who have made money on this stock are the insiders. They sell stock to any victim who will listen to their tale of riches. Won't be long and the end will come and this will be over.
3.5 cents on the bid... so, those of you who bought directly from the company at 1.50 you can now get 3.5 cents for your stock. good time to sell, you can use it as a tax write off.
that's a good one. at 6 cents, it is 5.9 cents higher than it is worth. they must have found some sucker, poor guy... or better said... soon to be poor guy.
If you are in Jacksonville this morning, avoid making eye contact with SR. He is looking for money. Put the money in the offering plate, not his pocket.
nope, will never rise. no more people left to scam, now time for SEC and FBI to get involved. Maybe their 500 million dollar stone will be taken back by real owner and end this scampaign.
to the investors (suckers) who invested directly to the company during these past two years, it is time to contact the SEC. IMHO, you have been ripped off.
another weekend there in Jacksonville. Folks, run if you see Sr. or Jr. coming to you to talk about SNST. Hide your wallets!!!
There was one thing that happened yesterday that you may have missed. Cramer had a spot on this company on his show. Cramer is poison to most stocks, you can make a fortune just doing the opposite of what he recommends.
I would think melt down. You still have a company that has sold assets to survive, a ceo that is not a business man, a stock at a lower price that it was before the reverse split. Give it some time... I believe there is a strong short position about to happen and will bring the price lower. Just MHO
be careful people in Jacksonville and other beyond... the boys are trolling for new victims to sell stock to .... there is no bid on the stock..... whatever you give them just consider it a complete loss. IMHO
anyone know anything recent about this company?
they tagged a few in West Palm Beach.... They are still trying to convince a new set of victims to trust. Folks, those stones are not worth more than 20,000 dollars. Do not trust either Jr. or Sr.... keep your money
not to worry.... they are just pushing the price a bit to sucker an new investor in. it will be back at 2 cents, and, IMHO, way over-priced. This is just a way they are trying to hustle some poor sap.
feeling bad for all those victims in Jacksonville who bought company stock and now it is worth next to nothing. If Sr. or Jr. are trying to get you to invest RUN.... that stone is not worth anything and, most likely, it is not theirs. Do not believe a words either one says. IMHO, you will lose everything you put in.
that is a good one... those people in west palm must be very gullible
hope you are right. The gems are not worth 500 million dollars, IMHO they are worth about 20,000. I further doubt they are owned by the company, they leased them or borrowed them. The bills are coming due.
Wait for the shorts to do their job and pushing this down. The reverse took place at .35 and it closed at 3.00. that is a .50 cent drop. That is about a 15% drop in price. Let the dust settle.
buying now would be dangerous, IMHO. They did a 10/1 reverse at .35 cents. It closed at 3.00. That is a drop. I would think that there will be a lot of shorting going on for the next few days. I would suggest waiting until it hits 2.00 to 2.50 before buying.
They still have the same mismanagement at the top, they sold assets to survive. The story has not changed, this is a prime target for shorting.
The company has great products, they just need better management. Be patient and let the dust settle.
Finally. We need to get that cloud out of the way. Now if they would announce a new CEO, someone with business experience, it would be huge. Once the stock settles, around 2 to 2.50, would be a good time to take a hard look at this company.
I may owe an apology here. There are two people who have made a lot of money on this company. Somehow Sr. and Jr. keep finding suckers to buy stock. Those two have done well, their investors... IMHO.... screwed.
Is it just me, but on the day the stock is pumped back above 40 cents, Barton Bradford, the chief operating officer, sells 67,000 shares? The management is lining their own pockets, the company is selling assets to survive, what next? What is terrible about this entire ordeal is that the company has great products and could succeed.
Dear Board of Directors:
Please do the reverse and get it over with.
Please hire real corporate management. The CEO and C/O need to go.
I agree with you ABOUT. This will only continue downward until they do the reverse split. They need to get it over with. I would wait until the reverse split is done before I would jump in.
they already did that, hired some idiot from Japan. Both sides of the pump and dump have happened. Now just waiting for the SEC.
that is so funny. No revenue, no products, a gemstone that is worth, IMHO, 20,000 that is not even theirs and a possible investigation. Hard to see this ever being anything other than over.
this company has great products, but terrible management. Imagine what this could be if they would put a real CEO in who understands business. Right now we are heading to .20, maybe less. When the board does the reverse split they also need to split with the CEO and bring in someone with a successful track record in company management.
I am still surprised this is holding at 5 cents, I was thinking 1 cent or not at all.
So, here it is in writing. They are doubling the authorized shares, meaning dilution and authorized a reverse split between 3/1 to 13/1 meaning more dilution. The action will keep the company listed, but will, I believe, push the price down.
(1) A proposal to ratify the filing and effectiveness of the certificate of amendment to the Company’s amended and restated certificate of incorporation (as amended) (the “Certificate of Incorporation”) filed with the Secretary of State of the State of Delaware on May 6, 2016 (the “Share Increase Amendment”), which effected an increase in the number of authorized shares of the Company’s common stock from 45,714,286 shares to 95,000,000 shares (the “Ratification Proposal”).
(2) A proposal to authorize the Company’s board of directors, in its discretion, but prior to the annual meeting of the Company’s stockholders in 2018, to amend the Certificate of Incorporation to effect a reverse stock split of the Company’s common stock at a ratio in the range of 1-for-3 to 1-for-13, such ratio to be determined by the board of directors and included in a public announcement (the “Reverse Stock Split Proposal”).
(3) A proposal to approve an adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of any of the foregoing proposals (the “Adjournment Proposal”).
I am also anxious to hear about the reverse split
i would lean your way on this. This is just a case of bad managment, the board should make a change now. Eventually they will have to. They need a CEO who knows how to succeed and build. Am guessing this is not his gift. But, once the reverse is done, it is the last bullet in their arsenal. They have to produce and grow and they will be delisted. My opinion is everyone should wait until the dust settles before buying.
i do not think zero, but, no reason to buy until after the reverse split. I would suggest waiting until the dust settles. I would expect a 10/1 reverse split and then a price drop to about 2.00. They I would be a buyer.
I was thinking about SNST this morning. All they need, IMHO, are the following items to be a viable company and investment:
1. An executive staff and Management that understands business
2. A product
3. A plan
4. Integrity... we all know the 500 million dollar asset is a ruby that is worth 20k and is not even theirs.
Maybe you can add to the list... enjoy
imho, 2 cents is way more than it is worth.
good, let's get this issue behind us. I am guessing a 10/1. That would put the price above 3 bucks. Most reverse splits see the price push downward after. Let's say it goes back to 2 bucks... great buying opportunity at that price.