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Well it traded between .004 and .008 last Dec until the debt conversions started taking place and the stock traded almost to oblivion.
MADD, What price do you think it should be? And why
I am waiting to find out if anything is going to happen. This is the fourth CEO in a year. Each one was going to be our salvation. Big Juan will attest to that.
I don't think this company has anyone like that. I am getting quite disillusioned with this company. That letter on Aug. 1 looks like a deception to me.
Scottrade shows 246mil shares os
Very true. #0 mil shares sounds intimidating but is only $15,000.
Thank you Elliot. This is what drives me nuts about penny stocks. It seems that stockholders are always in the dark. No one knows anything. A mj stock I am into to the tune of $35,000 has had 3 ceo changes in the last year. also 3 cfo changes. Despite all that the stock has tripled in the last 6 weeks. Go figure.
Like you I read the letter to stockholders and was impressed with the outlook. This no volume thing can be interpreted positively or negatively. Normally when volume drys up a stock craters. It seems that very few people want to sell at this price yet if positive news was coming the stock would be moving up.
I thought you were the guy who knew everything. No one wants to sell because things could break at anytime.
I don't know exactly when they started with xlit but it made a big move last Dec. It is possible that they can get this to a dollar or more over the next couple of months. If you own the stock you might want to hold. I think someone is selling right now. My dd is showing a float of 4.9 million. With the kind of volume you saw yesterday don't you think the stock should have gone higher?A large portion of the volume was around the .40 level. JMO
XLIT lasted 2 months. It depends I guess on how long they have paid for or how long it takes them to dump their stock. Due some due diligence. Google xlit to start and check out traders choice.
The last promotion by traders choice was xlit. they got it close to $1.50 and then dropped it after the dumpers were out of stock and the stock dropped to .04. Beware!!!! Beware!!!!
Much of this shorting is normal trading activity. If I am making a market I go low offer and sell stock at that price. I don't own any stock so now I am short. I now go high bid at a price a little bit lower than what I sold the stock for. Someone hits my bid and now I have covered my short position. I have made a profit. I now go low offer again. This gets repeated many times in a day in a stagnant market. That accounts for much of the short volume.
Much of what is reported as "short" selling is done by mms in normal trading. If I am making a market in a stock and I am low offer someone will buy stock at my offer. I may not own the amount of stock I have just sold. I have shorted that stock. Now I go high bid and someone hits my bid for that stock and I have covered and m
After pondering this over the weekend the way I see it is that everything hinges on getting the FERC license. When that happens the stock starts to move. Until then it is in this holding pattern and the shorts can play their game.
I like reverse splits when they are for the right reason. I have done extremely well in those situations. I wouldn't want to see any further dilution.
As the moderator of this board I was wondering if you know if this company is doing anything. Why the reverse split if they don't intend to do anything?
I don't see anywhere or anyway to leave a message.
I tried to e-mail you at that address but couldn't find any way to send a message.
Actually it is not dilution if you get appropriate value for the shares issued.
It would be advantageous for the company to get the price above .25 a share to get warrants exercised.
I agree with everything you said. But I and some others have to see the reality of what has occurred. I had a rather large position bbought at prices from >o6 to .18. I believed . I want the company to do well. However, at this time I have to be on the sideline. I take no glee in thte problem this company has with the financing it has found itself in.My comment was not meant to gloat. I merely stated facts. My best to you.
But how much of that will be profit? The higher their revenue goes the higher their loss.
There hasn't been any 144 selling
TOXIC FINANCING!!!!!
Will do
I actually got a call from one of them on Friday. I had been sending e-mails asking questions that never were answered. He told me he would be calling me about their next winner that would go up 500 to 1000%.
Whatever happened to the 25 million shares Mr Schramm was to have returned /
Traders choice is the pumper doing all the promotion of the stock. Go to their website and tell them your concerns. They MAY have a deal that they don't get paid unless the stock reaches a certain level. The way they come up with something every day makes me think they might pass your concerns on to Mr. Schramm.
If they cared about their shareholders they would have purchased those notes and waited to get their money back when people were clamoring for the stock.
My thoughts are that they wanted to keep this thing alive long enough to get those notes paid off. They put new people in to make everyone think they were going to do something big. Window dressing. If they really wanted to make something out of this the new people would have paid off these notes to avoid this ridiculous dilution. This is one big scam. Open your eyes.
How do you know? Did he tell you
It just comes down to mgmt. should have taken care of this mess . it should have been avoided. they should have shouldered the burden if they really wanted to make something of this.
What did they do, play musical chairs? The loser inherits this mess? The whole thing has been mishandled very badly. I don't mean to be a basher but they should have done what was suggested. they really don't give a crap about the stockholders IMHO.
I have been following all the back and forth and you are right about what you just said. The changing of mngmt. twice in less than a year. This new leadership should have bought the debt and issued stock to themselves to get all this off the books. The stock could have done something then. Having all this stock is ridiculous. A reverse split of 1000 to one will have to be done to get to a respectable level.
You are correct. This happens over and over again to these companies. Many times it drives them to ruin.
I don't believe they can sell it all at once. With the right news at these prices 10 mil could go fast anyhow. It comes dow to getting profitable and paying off toxic financing.
Gonzilee, I was done yesterday and moving on. You are right about the debt but I wonder why you haven't moved on. Why are you using your time taunting the believers? Move on. Do something more productive with your time. I am out of pennyland.
Thes guys want to be our saviors.
Where is Big Juan? He was just here yesterday.