PFGY showing some interest? Fiscal cliff deal supposedly good for solar. Need info here, nothing current.

re #VODG - The PR is a good one compared to most at this level of the market. It may be BS but I like this part

Take a look at the numbers and that will tell the tale. If there are significantly more debts than assets, then shareholders will likely get wiped out.

That doesn't mean that there can't be runs and flips. Bottom line is that creditors and management will get the company in all likelihood and then try to sell shares to the public in the future.

You're wrong. Most chapter 11 public eventually wipes out the stock holders and replace with new shares issued to the debt holders and creditors. Management get nice deals. The shareholders get screwed.

The problem is that NEIK shows $3 million in liabilities. I don't know how much is friendly. I also don't know Empower's financial condition. That could be key as litigation takes years and lots of $$$$ for legal.

Here's the other side's version. This is going to get even more ugly.

$SMNG .006 - Leslie Email claims that there is company news that Guinea government approved permit for renewal of the company's gold mining exploration permit. Can anyone confirm this? tia

Looks like we may be finally getting some action on $PFGYE. Good volume buys at the ask of .04. The last time there was decent volume on this, it was in the .40's. The chart isn't the typical penny dumping.

From the earlier filing.

.88 high so far on $ASTC - Approaching 40x 10 day average volume. A move over a buck would be enormous.

Thanks to MikeDDKing for bringing this over to the Microcap Kitchen on SI.

re $MMBF - looks like some action finally? First time in a while I've seen bid over a penny.

Don't disagree with you and I've been buying shares on the dips, although getting shares is tough.

To answer your question - the last filing I see is the one I quoted, December 29, 2011 filed NT 10-K.

Does anyone have access to that LWLG Next Inning report? There is a poster on Yahoo who claimed to have it. I hesitate to paste it here as it is fairly negative, or at least hints that perhaps the move has been too quick. However, given Yahoo posting styles, might be an attempt to take something out of context - but here goes. It's a jan 11 at 11:20 am post by "aeritomon."

PFGY -.0065.

This one was discussed and had a pretty good folloiwng on the Kitchen Board on SI a couple of years ago at as much as almost 100 x current price. Now, I'm assuming it's a total scam, Chinese interlocking, etc., but if you look at the filings, there hasn't been any significant change since the time it was priced higher. In fact, there is a tease in the filings out there about a Chinese company buying a stake in the company which, arguably would value it at 100 x current approximately.

They still file, although the current Q is late, with note on the extension of the typical "no" to "Is it anticipated that any significant change in results of operations ....?"

Share count hasn't changed. (under 30 million from last filing)

Again, probably a total scam, and/or I have it totally wrong, but I've been gambling here sub-penny. Any others following it still?

$DFNS - bad Q was pretty much as expected. They did put in the filing that they expected sales to increase. Positive "hints" is about as much promotion as this company does. The bad thing is that it's tough to predict given the lack of communication. However, if you look at long term history, you see lots of fast moves at much higher levels.

This site is claiming a paid pump going on. Anyone out there know anything about this? Any comments?

http://www.pumpsanddumps.com/2011/11/wednesday-november-9-2011-todays-pumps.html

$NEIK - low floater has an alert.

$NEIK tiny float - could be a very interesting play.

Interesting alert where large seller dropped off at .0044. There is a large one at .0045, but then the next large ask is .011 and .012. Tiny volume so could get exciting with any significant increase imo.

Only 71 boardmarks - wait until it gets discovered

I think there's a promotion that mentions $200,000 payment so I'd be careful at this price level. The financials don't show much by way of actual assets yet. The lease PR indicates it's being negotiated and the finance terms are yet to be determined. Just my opinion.

It's really only relevant to shareholders before the date mentioned in the 8-K. For those, if a corporate opportunity was taken or if it is found that shareholders bought on the basis of promises that are now in question, action may be taken by appropriate authorities.

An explanation, at the very least, should be due to the old shareholders.

Yes - advance scouting parties get the best view.

$MMBF - only 35 board marks, best time to beat the MOMO's is before they take over the party.

Looking at this from standpoint of very interesting thing which happened yesterday.

Hit a high of day and then a "bull" posted that the director filed form because of "conflict of interest." Result - stock never recovered to high and fell immediately.

Statement of "conflict of interest" is not new, was in previous filings. It is a generic statement used with shells. Shell directors are typically from law firm or shell facilitator. They leave when deal for new company is done. There is nothing new to that. Filing may be a sign of progress in getting real business done.

Look at what the actual "conflict" is. The director is involved with many shells and other businesses so he can't devote full time to this. That's obvious. That's his business, i.e., acquiring shells, developing (cleaning) shells and then reverse merging with viable and hopefully "hot" business. That's why the director gets replaced with someone in the new business, someone who knows and has time to devote and is paid by the new business.

It's common sense, not a brilliant "discovery" after a lot of DD, as was portrayed on this board, and which apparently stopped the MOMO move. Rather about 30 seconds of logic will give a better answer. Then one is left with deciding whether the filing NOW means progress in putting a deal for r/m together or whether it is strictly random filing.

All IMO of course.

You don't think it has anything to do with the toxic convertible? The lower the bid, the lower the conversion and they can get more shares and screw other shareholders. 60% of lowest (5 day avg) bid is the conversion.

Anyone know about this toxic convertible and how the company plans to handle it? TIA.

The April 2011 Convertible Promissory Note is convertible at a per share price equal to 60% of the average of the lowest 5 closing bid prices of the Company’s common stock as listed on the Over-the-Counter Bulletin Board over the 10 trading days immediately prior to conversion.

It's in the latest Q

It may be just MM games, given how thin it is, perhaps paperwork shuffle or laziness rather than anything nefarious.

I've been adding also. At some point, and historically, it has runs that are momentum driven. Things could be even better if it comes through fundamentally and has the potential of an exponential type run, given how thin the float and how sparse is the trading.

The chart history displays all this, look how easily it goes between the mid-20's and higher and then back to this level on tiny volume. With some fundamental follow-through, the company could actually be worth something on a sustained basis, but that remains to be seen.

Here ya go. If it works out, $PFGY is very undervalued

Anyone look at the $PFGY filings? There is something in there about a Chinese exchange traded company agreeing to buy a lot of their shares. No real details though. Would like to see some or if anyone has info, thanks in advance.

Good objective post 10bagger - and similar to how I play these. I like this company but we all have to realize that management's interests are not the same as shareholders (seems counterintuitive to fiduciary duties, but that's the way OTC operates, actually even the large cap exchange stocks operate that way also.)

The 3 million share rumor and long termers here getting frustrated can move this back to .04-.05. The fundamentals won't stop that, it's too thin.

On the other hand, more transparency with real numbers that can be verified can push it back up to the highs. Again, it's thin and one has to realize that the insiders know what's going on. It's going down for a reason, just as it went up for a reason.

Be prepared for either event and one can make money.

$VODG - To add to the discussion recently here about the risks and rewards of OTC BB stocks, one can see how fast this moves with just a tiny bit of interest. Low share count, float and thinly traded. Last year it had a brief run to .60 when it was being discussed on the Kitchen board on SI.

This year it's closer to having fundamental improvement and that group and others that look for beginning runners are now more likely to pick it up.

Here on IHub, one sees typically stocks of 100's of millions of shares o/s and even billion share companies that have MOMO groups claiming runs to a buck. It makes no sense and the typical penny player doesn't do the math and see that these companies aren't worth 100's of millions of dollars.

Here the share count has been kept low - last time I checked it was about 18.4 million shares.

Compare it with some of the hot runners here on IHub with their billions of shares, undisclosed financials, huge losses, etc., and you see here what is still high risk, but high potential, manageable numbers that are being subsidized by management.

All it needs now is either reaching results or being picked up by one of the groups that plays here. All my opinion only, do your own DD.

Again - I hope the details show up and then the share price can rise. This is what the company said in its email to one of the posters.

Where I disagree is with moronic posts pulling numbers out of thin air. As the share price reflects, this is counterproductive.

That is really a funny post. Book value is not .25 and anyone who says it is really is misleading everyone.

You say

Um which fact did I have wrong? The OUTSTANDING SHARES went from 40 million to 180 million. OUTSTANDING shares is the figure used when valuing a company. That's a huge increase.

Anything wrong there with what I posted? If the shares went for acquisitions and they turn out to be lucrative, then I agree that this will be a value enhancer. If they went, as you suggest, to a promotion campaign, then they will have been wasted.

As for trading shares and float, that's a work in progress. As the stock hasn't been moving up, you may be in for a few surprises. I hope not and hope you are correct.

When the company announced it was reducing authorized shares, in an interview it was stated that the OUTSTANDING SHARES (a much more important number for valuation purposes) would max out at 150 million from the then 110 million. It's already at 180 million.

Now I agree these are not terrible numbers, but I'm waiting to see how they spent these shares. That's the key and what they do going forward. These numbers can't be ignored and posts saying that there has not been dilution just aren't correct. It may not be terrible dilution, but it's dilution, and even worse, if, as you suggest, part of the dilution when to promotion.

What facts don't I have correct? I'm here to learn.

Thanks for your analysis and comments. I can't say that the financials were intentionally misleading, rather I was trying to give them the benefit of the doubt and would have used the term "sloppy." That's not an accounting term but it is one that can often be used when looking at unaudited numbers for pinkies.

It's clear the filed numbers don't fully make sense from a strict accounting basis. OTOH, The bullish argument is that, although "sloppy," they are still better than most of the non-reporting pinkies out here.

That being said, the book value analysis is pretty much irrelevant to market value. There are credibility issues and arguments that can be made both ways.

What's funny is that we wouldn't be having a book value discussion if a couple of extreme bulls hadn't bragged, over and over, incorrectly about a .25 book value. That's what got my interest and when it was clearly wrong, I posted. If people would learn to just make logical arguments, forget about the "to the moon" hype, these boards would be much more useful. Then if and and when it goes "to the moon," it's more likely to be sustainable as the company apparently said in its email to another poster.

A quick note on dilution. Is anyone denying that the share count went from 40 million to 180 million? Hopefully, it won't increase this way in the future without acquisitions which clearly show an equivalent in value added to the enterprise.

Gotta go run and make some money so I don't have time to pull numbers out of thin air as you prefer.

However, the answers to your questions may better be found in the lessons of both Mrs. Malaprop and Norm Crosby.

Best of luck in your trading and I hope you get it to .25 today.

Assuming your quote is accurate, make sure you read the last sentence. Those of us in long would be happy with 25 to 50 baggers, but it's not going to happen by just throwing out numbers and attacking anyone who wants to bring fact based analysis here.

As you are so close to David, perhaps he will send you a projection that also includes a projection of the likely share count at the time those deals are published.

If what you say is true and they don't dilute, then your argument and his becomes more believable and starts to leave the realm of hype.

In fact, your quote from David below pretty much supports everything I've posted here.

Seriously, I sent you links to the definition of book value. Book value has very little materiality when you are involved with a speculative penny stock. You repeatedly mentioned that the book value was .25. I merely wanted to correct that number. Somehow you intrepreted that as bashing.

I think you rather want to argue that the market value is X.

Book value per share is assets less liabilities divided by fully diluted outstanding shares. (See the definition link I sent you for a more precise definition.) It's accounting and not really related to market value. Typically, it's based on actual numbers, a historical record and not speculative numbers. You also can have what may be called "pro forma" numbers that are based on predictions, but that's not the type of thing that is filed with OTC or SEC.

Market value is what a willing seller will pay to a willing buyer, neither party being under any type of extraordinary influence. In predicting this, people try to do calculations based on revenues, earnings, and projections and then divide by likely oustanding shares.

That being said, my larger point is that we don't know a lot of those variables. The company, as is typical of pink subpennies, has not provided much of this. If the variables are detailed then the market valuation predictions of the stock can either go up or down. It would go up if the business numbers (net revenues, earnings, etc.,) improve. It would go down if the share count increases.

All that is just common sense. If you want to argue, at least get the basics right.

Then it won't look like you are picking numbers out of thin air. I could say .25, a buck, $10 bucks, but that's all meaningless. I could also say .0001, .001 and that would also be meaningless.

All I know is that the stock has traded successfully between about .005 and .017. That's a good trade, damn good. If you can do this all the time, you can make lots of money. I've done it.

I'm not saying that this can't run huge. I've had 100 baggers, but they don't happen by just shouting out numbers that have no logical basis to them. I think it hurts a stock to have a bunch of posters doing that. First of all, you invite someone that wants to help correct goofy numbers and wrong terminology, such as myself. It also invites bashers who have other agenda and who are much more persistant, usually bashing every single post. I've dealt with them, they don't like me. Check out my history.

Hope that helps you and others. Bottom line is that this board would be much more useful with better analyses and less hyping.

PS Thanks for all the nice notes I've received. Right now my account does not allow responses.

I never said it was worth .008. I was showing how lacking in logic your calcuations were. You claimed the book value was .25 based on your numbers consisting of revenue projections that came to .008 each share.

Unfortunately, and despite your zeal, net revenues aren't used to calculate book value. But you don't care, you just go on and on.

As for real book value, based on real accounting entries, that book value hasn't been written yet and neither has market value.

So far, your opinions have been very far left of correct but that won't stop you from posting how far and fast it's going up based on your great analyses and incorrect terminology.

LOL

Typical hyping. Can't answer questions and get really nervous about one's investment, so name call.

I did buy some at .007. I still have the same questions I had before so I'm not going to moronically hype fake book value as some do. I'm also not going to comment on who fishes for the real "canned" arguments, but I suspect any objective reader can compare my posts with those of the "to the moon" crowd and come away with only one conclusion. That is, the more transparency, the more info that is known, the more stable will be the price.

I'm not suggesting that anyone here do as I do, my own strategy is typically contrarian and may not work for others. However, as a few of you have PM'd me and asked, I have a starter position at .007. I still expect it to go to .005 or even .003 before it moves up to the next level. Unlike the blind sheep who claim to know-it-all, I may very well be wrong, but I'm entitled to post an opinion. This way I have some shares, but have room to get more.

Going forward, I will watch very carefully and may take gains again, as I did before, around .017. If I see more transparency and logical posts, as opposed to moronic blather, I may hold longer and look for a bigger gain. The only real advice I ever give in pinkyland though is not to play with money you can't afford to lose.

Best of luck to all.