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I can do the math again and you can tell me how it changes. To warrant 5 cents a share, GLEC needs revenues of at least 20 million per year.
Do you think that is foreseeable?
Assuming the best scenario possible, if Casteleberry is a smashing success, and the company is able to add a couple of other locations in the next several years, then 20 million revs is doable. But that is years away and assumes seamless success. And remember selling the credits is just 50% of the process. The company must also be able to sell the soil. In 3 years, how much has the company been able sell?
It is possible, as it is with any stock, that buyer exhuberance overcomes rational thought and creates a surge. Any such move would be temporary.
Great find. Other than carbonator no one seems to pick up on the significance of this. The estimated Voluntary Emission Reduction number must have been picked up off the exchange submission filed by the company.
While a pre-arranged contract will not fetch close to the going rate per VER on the Gold Standard, we're still talking a about sizable money stream that guarantees the survival and then expansion of the company.
It is people like you that ruin the board experience for everybody.
Carbon credit purchase is a quickly evolving economy segment. It is difficult to understand and even more difficult to predict market conditions. If you could still talk to Pete, he would readily concede that.
So we have one guy on this board that clearly knows more than anyone else and it's not you. He provides what he knows, but on this subject nobody knows everything. So is the board better off with hearing the opinion of the most knowledgeable, or is it better off with posts full of your blabbering nonsense?
Something tells me you would be voted off the island. No loss there.
Here's a suggestion for the "easily confused:"
If you don't like his answers, don't ask him any questions.
LOL Oh yeah, while you, and somebody else I already called out, were running all over Dallas County promising big news would happen by the end of January, it was me that made sure that the news did not occur.
Just exactly how did I manage to do that? Did I pay off the exchanges to not fully approve the company's applications for admission? Did I intercept communications between the company and the projected appraiser so as to sabotage the appraisal process? Did I pay to send Pete to a tropical island for the month of January so he couldn't do his work in January? Do you ever think before you talk? Sigh.....how pitiful.
Has it ever occurred to you that keeping your mouth shut would be a better option? Probably not. It won't be long before you and your buddy again will be shooting off your mouths, making mindless predictions, and then trying to blame your clueless nonsense on somebody else.
How long until the next VSTA 8K setting a new date for the share sale to happen?
BTW the transaction has been rescheduled so many times that Bergamo would now be buying shares out of the money. If Herzog really did have the money, he would be all over wanting to buy shares out of the money. lol
So when Bergamo fails for the 5th time to buy the shares on February 15, will you then acknowledge that Bergamo's promise to do something is worth about as much as a snow cone stand in the midst of a Chicago blizzard?
What's incredible is that Vista and Bergamo actually think that the public is so dumb as to believe blatant lies. It hasn't worked and it won't work! But then what are you going to do when you have never had revenues and your only product is called "scam."
You are absolutely correct. VSTA is complicit in the most recent of Bergamo's schemes to defraud the investment public. I said so, after the first failure of Bergamo to perform in accordance with the share payment schedule. No other reasonable explanation existed. A 10 minute google search of Bergamo's past conduct would have been sufficient to establish that Bergamo had no intention of performing, and in fact was financially incapable of performance. The continuing issuance of releases from VSTA indicating faith in a revised share payment schedule can only mean that the two companies acted in a concerted method to deceive and defraud. The fact that the two companies employed the same dirty IR firm was the clinching evidence of nefarious motive.
How many times does Bergamo have to just flat out lie to you before you decide that the company exists for one reason - to steal investors' money?
Tell me where the solar company in Florida is? Where's the brokerage company? Is anyone still looking for that fake bank in Brazil? I could go on for the next hour enumerating the avalanche of outright lies from this farce of a company.
How many times? How many?
Do you really think that within the next 4 days that Bergamo is going to buy the VSTA stock? The odds in Vegas would be higher than a hundred to one.
LOL The only thing worse than being mocked is to not even realize it.
You criticizing another poster for not being "enlightening" is about the same as the devil complaining about the air conditioning not working.
That dirty, rotten scoundrel Salim Chamida is at it again. I went back and read the SEC Order of Suspension and fully expected it to have been signed by Chamida. I mean we're constantly told that he is the source of all Bergamo's woes.
But much to my amazement, it was signed by Jill Peterson. So unless Jill is really a Salim, someone needs to explain how Salim moled inside the SEC Enforcement Division and caused that Agency to take a wholly unlawful and unjust action against law abiding Bergamo.
And also with what type of waste is used to create the compost, for which you are better able to expound upon than me.
Yeah, I guess that's why it trades about 100 shares a week. And BTW it's "attention."
Yeah, Salim Chamida is the reason the SEC shut down the fraud machine known as Bergamo. But for him, the company would be on the NYSE, counting its hundreds of millions in cash, waiting for transfers of hundreds of millions more from banks that don't exist, it's brokerage company would be wheeling and dealing arranging billion dollar mergers, its solar division would have been highlighted as the single greatest success story by Obama in the state of the union address, and its LL Bradford accountants would have to farm out assignments to Ernst and Young, and to KPMG, because 24 hours in a day just wouldn't be enough time to count all the money.
O' what could have been if it just wasn't for that dirty, rotten scoundrel Chamida.
I don't have any empirical evidence to support my opinion, other than a long history of dabbling in the market, but it seems to me the market doesn't forget. It's sort of like the old adage: "Fool me once, shame on you; Fool me twice, shame on me."
The market gives a company the benefit of the doubt ONE TIME. If a company says that it is going to create X amount of revenues or is going to earn Y amount of earnings, absent clear evidence to the contrary, the market assumes the veracity of that assertion. Consequently, the market is willing to take its chances based upon the assumption that the forward looking assertions are true. That creates hype and hype creates buying. Funny thing about the market, when the buyers are in a frenzy, the buying overdoes it and when the frenzy is over the price returns to a proper valuation. So when you have a combined buying frenzy caused by company projections, and those projections prove to be unreliable you have a grossly overpriced stock.
And the market remembers, it's that "fool me twice" deal. So a company gets one free bite at the forbidden fruit. Its stock price will get the benefit of the doubt and its price can run to ridiculous heights based upon the premise that its guidance is accurate. But after that one time, the market seems to intuitively know that company x has a history and this time valuation will based upon reality and not upon grandiose guidance.
Again, this is just my opinion based upon many years of experience. I am not sure I could locate any statistical information supportive thereof.
Yeah, everyone in the world is looking for a stock that goes from .1 of a cent and then multiplies by 750x and goes to 75 cents. Now how many people do you think that are looking at GLEC to accomplish that investing miracle? Icahn? Buffet? Templeton? Well, certainly not John Templeton because he's dead, but since his whole investment philosophy was diversification I doubt that he would have much interest in GLEC.
The point is a lot of you guys have vivid imaginations of striking gold with a penny stock, this one or any other one. Take a look at historic metrics and you will find how preposterous it is to wish for a sub-penny stock to hit 75 cents.
Granting even generous valuation rates - GLEC would have to reach net earnings of about 35 million dollars a year to achieve a PE ratio of 10 to get to about 75 cents a share. GLEC, in more that a decade of operation, finds it to be an impossible struggle to make 1 dollar a year in profits, much less than 35 million. An even more staggering statistic is price to sales. GLEC would have to be in the neighborhood of revenues in excess of 500 million dollars per year to warrant a 75 cent price tag. Take a guess on the odds you could get that it will occur.
You guys think 1 cent level has been difficult to penetrate? You ain't seen nothing compared to what will happen at 2 cents. Millions and millions of shares were bought at or around 2 cents, and those people will be looking to get out with their money back. It will take verifiable and jaw dropping news to get it through 2 cents. Above 2.5 cents should see pretty unobstructed ascent to about 4.5 cents. 5 cents will hold a another huge war between sellers and buyers.
I could go on and on. There are a half a billion shares outstanding, and I would estimate 80% of those shares are owned by guys anxious to sell. That is a recipe for resistance.
So the likelihood of you waking up one morning in the foreseeable future and the stock is 75 cents? Probably less than you being named the starting QB for the Broncos on Sunday. Well, maybe a little bit better than that. lol
I'm sorry but I did not locate any name on the PR relating to a non-existant bank in Brazil that allegedly would transfer 600 million dollars to Bergamo, except for Herzog's. Somebody explain to me how anyone other than Herzog is responsible for that criminal act of fraud? Notorious you want to take that question?
Enlighten me. This is related to the long history of fraud perpetrated by Herzog how?
Enlighten me. This is related to the long history of fraud perpetrated by Herzog how?
A post hitting the nail on the head!
Since dear ol' Hilly can't even afford a mail box slot, he probably sees a grass hut as a significant upgrade.
Good grief. I went back and re-read my post and I never used the word "wrong." The operative word was "guessing." Big difference.
The Ref used the words "the numbers are in." That creates the impression that the Ref is privy to information not previously known. Does it not?
But "the numbers" have always been "in." Go back and look at some of the carbonator's prior posts wherein he specifically provides guidance about the approximate price per credit, the approximate tonnage that can be produced at Castleberry, the approximate cost of production, etc. He spoke about specific numbers and the Ref says the "numbers are in." Uh, duh!
I don't know whether you "will see something next week." I can tell you that the company is near the completion phase in terms of appropriate exchange submissions. That leaves only the appraisal and then trading commences.
Of the exchanges listed, you might say one is the "gold standard" when it comes to being placed on the most prestigious exchange.
http://carbontradexchange.com/
BTW there is one guy on this Board who knows what he is talking about when it comes to the subject of carbon credits. Others are just guessing - and mostly guessing badly.
Well, for the 1st time I agree with you. This stock has behaved this way many, many times before. Today's action looks suspiciously like buy side manipulation.
I filed a first complaint more than 4 years ago with the SEC. Thereafter I filed a new one every January of every subsequent year. I guess your complaint was more persuasive.
Huh? "Arranged trades"?
Where do you get that? Looking at the tape I see no indication of an "arranged trade" until the one reported after the close. It is likely that 1.5 million share trade was arranged prior to the open and was agreed not to be reported until after the close. Prior to that? Nothing, that I see.
Ref,
Keep your day job.
I think the Ref needs to stick with football. Not much of a future when the crowd doesn't get the joke of a stand-up comedian.
Don't trust anything said by a non-reporting pinkie.
But after the CEO outright lies, and Herzog's lying goes back more than 4 years, scam status is definite. Anyone holding/buying after the first lie is identified is just asking to lose his/her money.
It was exceedingly clear years ago that it was "done."