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FarAim said. "look at last offering no one had 13000 shares after spilt but the company my millions got whacked down to under 100"
The company did a 1 for 2500 split. If you were left with 100 shares then you started with 250 000 shares, not millions. Am I missing something?
What is the ask price for those 13000 shares?
The point is this - the 13000 shares that were sold did not come from anyone associated with the company. It was a previous shareholder who likely loaded up on cheap shares and unfortunately got essentially wiped out. Such is the risk in the penny game. Take a close look again at the lid. It is a fantastic product, made for the same price as current lids and has even been improved on from what you see in the picture. As if such a thing were even possible - and yet it is. Now is everyone's chance to load up on cheap shares by buying the remnant shares from previous shareholders likely dumping for tax loss purposes.
13000 times 2500 is 32.5 million. If someone was able to buy those shares at market lows of 0.0001 they would have paid a mere $3250 for the shares. Let's say they paid twice that. Poor guy lost $6500.
What 13000 shares are you referring to?
FarAim said that it looks like company has started to drop shares again... another scam round going on.
How do you draw that conclusion? The company was forced to consolidate because the promoters ripped them off. They were not able to raise the cash they needed using the crooks on Wall Street. Unlike most penny plays this company has a real product, a sound production plan and significant buying interest when they finally do begin production. The point of going public was to raise the money to make that happen. Private placement and limiting the number of shares in the public market is a better way to proceed. There are hardly any shares in the market right now and that isn't about to change.
I am afraid there is no getting your money back on this one. With a reverse split of 2500 to 1 all current shareholders are essentially wiped out. It's a shame really and attributable to the Wolves on Wall Street. All attempts by Colv to raise money by selling stock only made money for the Wolves. The company got virtually nothing. It won't be making that mistake again. It will get the cash it needs without giving away a gazillion shares. It won't be employing bs promoters. The cash is coming, the shares will have real value, the product, especially their lid, is outstanding, fully patented and soon hitting the market. These prices will be considered a steal one day.
Colv's product will be the industry leader one day, of that there is no doubt. That one day will happen when the company raises enough money to begin production. It is almost there. When the company does begin selling soon and the lids are flying out the door, today's stock price will be a distant memory and never revisited again.
Of course the company has no revenues at the moment. They are not currently making lids. But they will be and sooner than most realize. Now is the time to take advantage of a ridiculously low share price. If you have used the lid as I have you would know. Once you use this lid you simply won't accept another. Every fast food chain and coffee shop out there will be forced to use it because their customers will demand it or go somewhere else.
Is this where the company should be right now? Struggling to raise money via the stock market? No way. If it had remained private and raised the cash privately it would be up and running by now. That mis step is your opportunity. Get in while there is still time.
Wow. This is incredible. Two guys come up with an amazing new product - an absolute guaranteed winner. They decide to create a public company in part to raise money toward production. The robotics, the molds, the patents, the factory space - everything in place except the seed capital. What a waste of time and money this otc shell game appears to be. And it's not helped by hundreds of posts that know absolutely nothing about the product itself. It seems to me that the last place a person should go if looking to raise money toward a legitimate business is the otc market. Isn't that why the stock market was originally created? Not any more it seems. Somewhere along the way it morphed into something ugly with ugly players everywhere. The only two guys I know for sure are on the up and up in this thing are the two guys who invented the product and are trying to get a legitimate business off the ground. Now, it will happen. When is a question, but it will happen and when it does there will be some lucky players and some unlucky shorts, some I told you so(s) and some millionaires made. In the meantime let those who scream scam and pump have their day.
Just the facts, only the facts, that's what I deliver.
Let's examine poo's facts..
Fact 1. The company has no money
Incorrect. The company has some money but not enough to begin manufacturing the number of units per day it will need to meet initial demand. They are in the process of securing that financing while at the same time reducing manufacturing costs.
Fact 2. The company has no asset value (not an opinion-see the latest 10-Q)
Ridiculous. The patents to this product are worth a small fortune. This product will revolutionize the industry much like pull tabs did to pop cans. No one would by a pop can needing a can opener today. Once you have tried this product, as I have, you simply won't accept anything else.
Fact 3. The company has billions of shares outstanding (fully diluted) with no value received
Huh?
Fact 4. The company will issue billions of more shares
Highly unlikely,
Fact 5. There have been 7 separate paid promotion campaigns in the last 4 1/2 years.
Nonsense. Simply Lids has attempted two promotions within the last two years, none before that, in an effort to raise money on the stock market so they could move ahead and begin manufacturing lids (why is the stock market no longer the place to go to raise money for your company? Isn't that what it was initially intended to do?). The promotions only benefited the promoters and Simply Lids is still looking for the financing it needs. It will get that financing but not thanks to penny stock promoters. In the meantime the company does have a listing and that will come in handy at some point in the future when it can show sales and profits.
Fact 6. This is a scam pump and dump.
It's anything but. It's a team of guys working their asses off trying to bring a revolutionary can't miss product to the market.
Fact 7. This company is being sued and is not cooperating with the discovery requirements because it wants to hide its operations.
Their is no legitimate suit against this company and the company has nothing to hide
Fact 8. $COLV is going to zero.
Colv will one day change it's call letters to LIDS, better reflecting the core of the business. This company will flourish one day. Zero is impossible.
How about dem facts?
COLV has the best product in its space by a country mile. It is only a matter of time before all the financing is in place and this product takes over the market. It will own the market one day. Once people use this product they simply won't accept anything else. It is just that superior.
I do not have a significant number of shares. I bought at 5 cents and 18 cents. I have no idea how this guy got my name. I can only assume he hoped I held the actual share certificates and that I would sign then over to him on the promise he would send me cash for them at a later date. And I'm not even sure if the certificates would be any good to him or not in such a case. So then, what was he after?
To that point about the transfer agent, the guy who called me did not know how many shares I owned. He asked me how many I owned and why I bought them. He also seemed to not really know why his client was willing to give me 50 cents for them. Basically said he was just the messenger.
So what was he really after? An email address? The share certificates? It has to be some kind of scam.
Maybe I have a rich relative feeling sorry for me and all the penny stock crappers I own so he hired a guy to buy my shares for ten times their real value. No. I have no rich relatives. We are all losers.
It just occurred to me, maybe he couldn't tell the difference between 5 cents and 50 cents. Perhaps he was supposed to offer me five but he saw it as fifty. Bizarre.
He did ask me how many shares I have. I don't have much. He claimed to be representing a client. Said he would send me an email with the offer. Haven't seen it yet. If something sounds too good to be true...
Just got off the phone. Some guy called me out of the blue, claimed he was representing some group, and offered me 50 cents a share for my mdrm stock. Any one else get a similar call? Is this total bs?
To the moon. That's where this thing is headed from here. Colv is now a revenue producing company with huge growth potential.
Am I missing something? Maybe it is because my average cost per share is about 8 cents but this thing should be worth at least ten times its current value.
Why has this stock not moved considerably higher? The company aquired a growing revenue stream and has now stated there will be no reverse split. It can only be a matter of time before it goes ballistic.
And there is more good news to come I would expect.
The stock was trading for a penny when news comes out that the company has aquired another with revenues and a bright future. The stock falls to half a cent probably because of the mention of a reverse split. Does that mean if the 1 for 100 split wasn't mentioned the stock would be trading at a 100 times its current price? It makes sense doesn't it?
You absolutely were not scammed. This company has the best product in the industry by far. It is competitively priced and in demand. The seed capital is on its way, the know how is in place and production will reap huge profits. Hold on and don't be swayed by the low share price. It may well be a great time to double down, but do be patient.
I can't say whether this is the bottom or not. Regardless, anyone buying in at these prices and willing to hold for the long term will undoubtedly be richly rewarded. This is not your typical bs pink sheet company. This team knows what it is doing, has the best product in class, and it will deliver. Future profits will grow exponentially. Get ready for the ride to begin. Not tomorrow, not even next month, but it is coming. You can try and pick up shares for a penny less but really, that is a bigger risk than buying now. You don't want to miss out on the upside of a potential huge gainer.
Right now the company is two guys with a great product trying to raise capital so they can mass produce their product and sell it into a market that is salivating at the prospect of getting their hands on it. Very big leaders in the restaurant services industry are looking seriously at this product. A distributor is lined up that will deliver to the small independents.
Everything is in place, factory space, robotics, molds, to get started. A bit more seed capital will get this launched. That will be acquired without issuing any significant number of new shares. After that their will be no reason to issue new shares at all. In fact share buy backs will be more likely. Profits from one cell (400 000 lids per day I estimate at over 5k a day). One cell is just the beginning. The company could operate 50 cells a day and still only scratch the surface of demand. Growth will be exponential and will go on for years. Eventually this lid will dominate the market place. It will be everywhere.
At some point the company will produce its own cups to go with the lid further enhancing the bottom line. Four cents. If you can get this at four cents, ten cents, even twenty cents, grab it. But, be patient. You will be betting on potential. Even after the seed capital is raised it will take some time before the lids start rolling off the line. I expect the company to be showing profits by this time next year.
After that, look out, it will explode. The share price will follow the profits higher and won't be influenced by promoters or shorts. The proof will be in the numbers.
It is probably not going to thirty by Friday. But it is probably going to $5 sometime in the next five years. The product is just that good. This is one of the few pink sheet stocks you really can buy and hold.
The why it's going to zero article is a reprint of what he wrote earlier. Like he has no vested interest in seeing the sock flop. Right. I wouldn't believe anything anyone writes. I do believe in the quality of the product though and ultimately that will determine the value of the stock.
I just saw Statler's video for the first time. There was nothing he said in that video that isn't true.
COLV hasn't paid anyone to pump its stock. I keep reading 4.5 million. What nonsense. If COLV had 4.5 million it would be producing lids. Much of the trading is short selling and day traders. When COLV does get the capital it requires to execute its business plan people will be lining up to buy its stock - and it won't be for 10 cents either!
Dumping or selling? Isn't selling shares into an open market at a fair price in order to raise money to advance a company what the stock market is for? The term dumping suggests a conspiracy to rip off investors. That is not what is happening here. The company is raising capital with the intention of becoming a major player in the disposable lids industry. When the capital is raised there will likely be a lull in trading until the business plan can be executed. You don't make millions of lids a day overnight. That said, this will get done and when it does anyone paying less than a buck for this company will be quite happy, I'm sure, just a few short years later.
There has been no insider trading on this stock at all. Neither of the principal owners have sold a single share. Between them they control about 70% of the stock.
I agree there is money to be made trading in and out of this one in the short term but at least, unlike most penny stocks, if you get caught on the wrong side of a trade and you are forced to hold long term, you will still be holding a decent company with a great product that is a sure fire long term winner.
I am the worst trader of all time and I can prove it. It was about 1981 when I walked into a Richardson Greensheilds and plunked $1000 in cash on a table and told the man behind the desk that I wanted to buy a company called Canadian Natural Resources, CNQ on the tsx. I paid 2.38 a share and was the proud owner of 400 shares. My first stock purchase.
Each day for the next year or so I watched the stock closely until it hit a low of 20 cents. For another year or two after that I watched it bounce about ten times between 20 and 40 cents. I decided it was time to act. I said to myself there is a definite pattern here and the next time it goes to 20 cents I'm going to buy some more. Easy money. Sure enough it went to 20 cents again. I bought more. This time my $1000 got me 5000 shares. I now owned 5400 shares of cnq. And what happened? The stock went to 10 cents. It had never seen 10 cents before.
Shortly thereafter the stock stopped trading. It remained dormant for almost a year. I thought all my money was lost and then, out of the blue, it started trading again. Day 1, 13 cents. Day 2, 17 cents. Day 3, 19 cents. I could get my money back. I sold 5000 shares that day for 19 cents. Day 4, 23 cents. Day 5, 29 cents. About 6 months later it hit $2.50 and I sold the rest of my shares happy to have recouped most of my capital. I had held the stock for 8 years. Eighteen months later it was trading for $28. During the oil boom in 2007, accounting for splits, it hit $400. My 5400 shares, purchased for $2000 would have reached a value of 2.2 million dollars. Instead, I lost 50 bucks, making me the worst trader of all time, but potentially the best investor.
And that's what Simply Lids is - it's an investment. Trade it if you want to, but if you buy it and hold it for the long term (5 to 10 years) you might make a thousand times your money. The product is that good.
Who here, besides me, has actually used this lid? Anybody? Anybody? No one. That's what I thought. Try it. Once you do you won't be concerned again about making a few pennies here and there trading this thing. You will be absolutely certain you have a big time winner and you will stay in for the long term and for the massive gains to come.
Happy to own both mdrm and colv. Both are moving solidly. I am convinced colv is a long term hold. Not sure about mdrm though. Anyone have any real insight to what the company is up to or are we all just waiting on news.
Of course it has zero revenues. You wouldn't get in at these prices if it were currently producing lids on the scale needed to be profitable. The company is in the process of raising the money needed to produce lids on a massive scale. That's what the stock market is for. Get it. Everything is in place to produce the lids on a scale that will make the company incredibly profitable and the growth potential is huge. This company will have revenues soon enough and they will grow for years to come. Now is the time to get in.
So much disinformation on this board. The sky is falling,the sky is falling, scam, scam, pump and dump, profitable next month. Here are the facts. We have a start up company with a breakthrough product. It has patented technologies (patent pending in some cases). It is in the process of raising the capital needed to manufacture its product on a scale that will make it hugely profitable. The company can make hundreds of lids per day right now but it needs millions. There is no shortage of customers for its product which is price competitive and vastly superior to anything currently on the market. Anyone buying at these prices and willing to hold for the long term will be richly rewarded. Don't be concerned about the day to day move of the stock price unless of course you are a day trader. If you are an investor this is a company you want to buy at the cheap start up prices we are seeing now and hold it for years. This will be a growing company for years to come and it is in an industry that always needs more. What a winner this will be.
This company will not be profitable in the second quarter. They won't be making lids by then. Everything is gearing up to make that happen soon but not that soon. By this time next year they will be turning out millions of lids per day and profits will be exploding. The share price will be much higher and millionaires wil be made.