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Great buying opportunity today, I may try and pick up on the cheap on Monday if shares still available. Foolish to sell down here.
So they are "diversifying" into a holding company with a completely unrelated business with glass, I dont know what to say about that, but its NOT a direction I would want to be involved with, but at the same time it mentions 200 employees and a heck of a lot of revenues. Interesting. I am selling slowly out of my position but looking for higher prices for the remainder, it could just as easily go back to 8 - 10 cents theres just no way to know. More important was seeing that .04 was just flat cheap and to buy. Selling is a little harder, but thats ok, if it goes back to .04 buy more.
https://www.otcmarkets.com/stock/HITC/news/story?e&id=2769596
ok it has started to recover from its spike low, someone wanted out, those .0265 range shares were sweet, I was not asleep at the wheel on that one. Now at 3 cents+ range this is cheap regardless of some of the negatives which I have mentioned. I am holding for higher prices into the .04s and .05s or beyond, though timing I dont know it could be days, weeks or months, I have no visibility into that, but the market cap is flat out cheap and they are determined, I just dont know what impetus will be to get them to the next level of revenues / profitability which they have a ways to go on still.
guess I really nailed that one, see my last comment 2/4 "So with the tendency for this stock to pop from time to time based on news releases" but I didnt have enough shares to make a difference. As I said his stock spikes from time to time and you dont know when its coming. I like their initiative on pet health/weight and go back and note that they had already invested in that company they just had the PR on that made price spike. So a good entry in the low .20s or below in my opinion.
I've tried to pick up shares around .018 but the lack of liquidity makes it hard, but if one has the chance to buy at these prices I feel its a screaming buy. The market cap is $2 million at this price, this is when you want to step up to the plate and buy heavily, similar to a few months ago at .015 from where it more than doubled. Could you wait for lower prices, sure it could revisit .015 but just step back for a moment and think - when the gold deposit evaluations are completed, and I dont think we are super far away from that, say this year, imagine what the share price will be, irregardless of gold price. I would buy every share I could down here, dont sit by on the sidelines, this is a great buy.
In the end for me, CENN was a loser (about $6 grand) even with the ok trading that I did, but when something tanks from $4 when I started to ease in to a low of ten cents, I consider myself lucky on this trade based on how much I had in at various points, including writing options. I certainly didnt think it would come down as far as it did to a dime (pre-split), $1 post split, wow, what an absolute mess this has become. I dont know if the company will recover, and I dont think I would use this as a trading vehicle even at this price or lower. They burned $110M over first 9 months of 2023 which is a lot of $ with revenues of $5m. Theyre also in process of trying to redomicile to the US. I would stay away for now except for a quick well-timed trade.
geez the price is now down to 5 cents near all time lows, the float of 10M is 10% of the outstanding of 114M, most locked up with insiders, granted we dont have profitability withe razor thin margins, but surely they must have a plan for that otherwise they'll never be profitable with sales/admin being largely fixed. All that said I would rate this as a buy at 5 cents. But at the same time looking back on the filings i dont like the prices they have given out in conversions. the dilution has gone from 47M to current 110M in approx 3 years, not terrible, meanwhile the market cap at times has spiked to around 50M while currently its at 6M, wow. So again I feel like this is as good a price to get into, granted the upside may not be what we saw in the last year, it certainly should be at least a double from here.
Continuing to follow BASA price action, having sold everything a little while back. if I had a lot of free cash I would be buying in the .011 and below price range, this could easily run past .02 on news. But the company really really messed up and has produced a nothing-burger, while most large investors have lost just about everything. Thats why you have to be nimble with these stocks, heck even my first purchases were around a dime and it still ended up tanking from there, you just never know, but down at these lower prices while there is risk for going to zero, theres also nice potential for spikes to any number of prices depending on the news or otherwise.
I sold 2/3 for various reasons but that wasn’t one of them. I scrambled to buy today after it dropped and will buy more at this price if cash allows over the next week but at this price it’s a strong buy
Oh really, so you want to explain the downdraft to .035 on large volume today? All time lows, so whose selling? Wheres the big rally?
Buying heavily right down here, this is a steal on a relative basis. this should rebound nicely.
I mean yeah I have no idea how these people think theyre going to do this without Mirage being involved, we did all the proprietary research, millions of dollars of research, I've seen it with my own eyes. Baffling really, maybe just a bunch of postering by these dopes.
Ive never been able to figure out why the share price had cratered so far down to 11 cents I believe, a real killer, I feel like 20 cents is a decent price to get in, but, there could surely be downside from here, I am thinking around say 15 - 18 cents if it were to happen, the leverage the lower you go is fantastic. You need to consider that the company simply is not making money, and it really hasnt improved in fact has been a bit choppy and eventually it has to be profitable or it will go out of business. What is it going to take for that to happen. Also consider it has lost some management more than once now which is concerning. So, just going off of a price to sales ratio to determine whether its a good buy is, in my opinion not enough, big picture of prospects to profitability needs to be considered with caution. But at 20 cents, in the least, its good for a short or mid-term trade, but if it popped over 30 cents or more I would sell. So with the tendency for this stock to pop from time to time based on news releases, I would say getting in at 20 cents is as good of an entry as any.
I would strongly disagree, while there are many areas in which a CEO can be judged, one area from my understanding is that the CEO picks up the phone and/or answers email inquiries, many dont do that. Also, for the most part they keep up with filings. Tweets from time to time, etc. I would NOT call that least shareholder friendly CEO. Maybe there are areas that the CEO is very weak in, sounds like you think you know what those areas are and maybe you're right, but to say least shareholder friendly is simply not true. Should I give you examples of some unfriendly CEOs, try PACV absolute DOGS - ask anyone over on that board.
wow the volume is thru the roof, never seen anything like it, and the share price hardly moves for a second day. I really hope we have something here.
whatever it is we need to get the price back up above .0010, I am not comfortable under that price for too long. We need news out it really shouldnt take this long to do everything that needs doing. Without news we stagnate, now is the time to really start moving forward on a faster cadence, we've waited long enough, the teams are in place, lets get going.
Volume is through the roof, unbelievable, lots of churning of shares, people getting in, people getting out, but price is not going anywhere a little baffling. Bought 500K to add to my kitty, hopefully we're at the low right here. Again I will say, where is the friggin news about the status of how things are going. Common Mr CEO come through for us already !!!
thanks I didnt recall that they had a web site, this is so much better than what I thought any idea when this went live?
We havent had news in a couple months plus, I am concerned especially with the price coming down to new lows. I really hope they can speed things up, we need some sort of update.
Picking up what I can in the lower .04s. Will buy in larger volume as funds allow.
Patience is required here. I sincerely believe we'll see great things sooner than later.
While I dont have free funds for this at this time, I feel like between .01 and .015 would be an excellent entry point into Cartel right now. The problem is that there just is no volume, its traded maybe 200K shares in 3 months, the interest is simply not there, which is why I would set a low entry price to give a buffer to the downside. And the Reg-A I have no idea when that will ever come to pass at this point. Right now its languishing and the revenues are just not impressive.
Taken on new position in SXTP on this downdraft. This is more of a shorter term trade looking for it to go back over a buck, lets see.
you're next, you had better tread lightly, very very lightly.
Actually, the hell with it, you're blocked. Pepeoil is next if he/she shows up, I've had enough.
Oh and by the way, you are this close |-> <-| from getting put on ignore along with rest of the deadbeats, thats the only warning I am giving you. Break it and your blocked.
They're not lies. The company is working on securing oil wells in Texas, it's a process, it takes time, time has run most of its course. Call the company yourself if you are interested and report back, otherwise shut up and quit whining, enough is enough already.
Neither were any of the initiatives in Spring/Summer 2023 lies, you may think so but thats your opinion. Sometimes things dont work out, happens ALL THE TIME in stocks, doesnt make it a lie any which way. If you think it was all a lie, then file a law suit, go ahead I dare you. If its all lies then it will get exposed in the court of law, go ahead.
Truth is you're just a bunch of hot air, and surprisingly you have no skin in da game and you still just sit and complain, amazing really.
It's all good in the hood. We'll get there, granted this has gone on far far beyond what I had expected. Just moving through the process. The technicals of the funding is not as trivial as one might expect. HangTight !
well, how bout we start at like quarter of a penny and work from there.
took a little profit just now, someone wanted shares pretty badly 5 million traded thus far. I'd love to see this driven up into the .02s
Oh he's on business all right, the Q is can can he close a deal with funding, we've been waiting years for that. I believe he can, I am not sure he will, but I do believe he can.
Its coming, I picked up another 7K shares today, you should too (as appropriate to your situation and finances and risk tolerances). Stock is cheap.
IPSI is a great price right here at ~22 cents, take it or leave it.
Im hearing good things on oil wells, but as always, we have yet to hear a peep publicly. This much I will say I am confident Ward can execute on any kind of oil drilling program, he's an oil man, not a natural gas man, per his experience. For what thats worth. At this point I will take anything, a single oil well producing little, but at the same time I will take the sky. I know it sounds desperate but I am exhausted along with everyone else.
I am also hearing rumblings of Sergio, that he is out there with plans, what those plans are I have no idea or if we will be part of them, we may have to wait till the next administration I dont know but I wouldnt be surprised. How many Admins have we been through?
Dont give up the ship, Ward has nine lives, do you?
what did I say, exactly what happened and blew thru back to the low .04s which is a great price to get in. Thats exactly why I sold my position by 8 cents. But I am definitely buying back at this price I just need the funds to do so.
Youre about as clueless as one can get. I just dissected your argument yesterday, I even told you to look up "Par value" but you refused to do so, wow.
I pointed out an example of another company, but I can find thousands of tickers that use the same terminology.
Like I said, the par value is NOT the price that GHS would get. Why dont you show me one shred of evidence saying that GHS has an "issue" with that language?
The definition:
"Par value is the value of a single common share as set by a corporation's charter. It is not typically related to the actual value of the shares. In fact it is often lower. Any stock certificate issued for shares purchased shows the par value. When authorizing shares, a company can choose to assign a par value or not."
I'll dissect each of these
Your Argument sounds as completely ridiculous as Steve Reinharz trying to make us believe his dilution hasn't destroyed the stock price.
- The stock has gone down whether there has been dilution or not, you can look over the historical share price while noting when dilution was occurring and see this. But dilution, in general, puts pressure on the stock, but each company is different in how it responds to that. The price has gone down regardless of dilution but dilution does put pressure
Your Argument sounds as completely ridiculous as Steve Reinharz talking about obtaining Patents for products already on sale.
- yeah so, your point makes no sense, you can get patents whenever you are ready to get them, whether the products on which those patents are based is already on sale or not is irrelevant. They are getting patents when and if they have the resources to do so, everything costs money and they're spending where it makes sense at this time.
Your Argument sounds as completely ridiculous as Steve Reinharz submitting an application to uplist without having Independent Directors.
- nobody had uplisted anywhere yet, we're a ways away from that. When uplisting occurs, then Independent Directors will be addressed
Your Argument sounds as completely ridiculous as Steve Reinharz touting being a leader in a $25 Billion dollar industry with less than $2 million dollars annual revenue.
- they are becoming leaders in this industry yes, theres plenty of press concerning that. That is a subjective statement and not worth arguing.
No, you have no idea what you are talking about. Par value is NOT the price paid by the lender, its a term used in the industry, you can look it up. Think about it, if GHS were getting .0001, then what would be the point of it, it would take trillions of shares to raise any money and we know that that is not happening.
No it is EXACTLY how I laid it out in my post, stop trying to waste peoples time here, you literally have no idea what you are talking about. Actually as I think about it further, I cant figure out if you are too stupid to understand this, or if you purposely are trying to deceive people, which in the latter case I can assure you there is nobody here would would bother listening to such nonsense. In fact your accusations that this is a scam would be more believable than .0001/share for the lender.
Here is an example of the term used for a stock SIGY in their S-1 where par value is used along with the actual offering price:
https://www.otcmarkets.com/filing/html?id=16944959&guid=4SJ-kqyAqwuKJth
"This is a firm commitment public offering of 1,406,250 Class A Units (“Class A Units”), with each Class A Unit consisting of one share of our common stock, par value $0.001 per share (“common stock”), and one Series A Warrant to purchase one share our common stock (and the shares issuable from time to time upon exercise of the Series A Warrants) pursuant to this prospectus based on an assumed offer price of $6.40 for each Class A Unit. Each Series A Warrant will have an exercise price of $7.04 (assumed) per share,"
i certainly have, the Q is have you. It has nothing to do with the "par value", thats standard to all these agreements. Why in the world would we sell shares at that price, thats practically 0. Read on, I said 85%, I see it is 85% above a penny and 80% below a penny (probably due to increased risk as price approaches 0.)
On top of all of that the 10-Qs tell you exactly how many shares were issued along how much money was raised for those shares so you can see exactly how much they paid for shares for the quarter.
The Purchase Agreement provides that the Company may discretionarily sell to GHS up to $12,500,000 of shares (“Purchase Shares”) of the Company’s common stock upon our issuance of Purchase Notices to GHS (See “Purchase Agreement with GHS Investments, LLC” on page 1 of this prospectus for a description of the GHS Purchase Agreement). The Selling Stockholder will sell its Purchase Shares at prevailing market prices or in privately negotiated transactions, other details of the sales which are contained in the section titled “Plan of Distribution” on page 12.
Page 1:
The Purchase Price is defined as 80% of the lowest traded market price during the Pricing Period, but if the average Closing Price for the Common Stock during the 3 trading days preceding a Put Notice is equal to or greater than $0.01 per share the applicable Purchase Price will equal 85% of the lowest traded market price during the Pricing Period. The Pricing Period is the nine consecutive business days immediately preceding, but not including, the date a Purchase Notice is delivered. Should we up-list to NASDAQ or an equivalent national exchange, the Purchase Price will be 90% of the lowest VWAP during the Pricing Period, subject to a floor price of $4.50 per share.
they get a 15% discount or something like that, they dont get .0001 if they did, well that wouldnt make any sense at all, its all in the filings. Anyway the S-1 is for groups with deep pockets, I dont qualify lol. Its not a bad business though, on some shares maybe they make 10% but sometimes they get lucky and make closer to 100% it all depends on what price does.