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PLRS is going crazy, glad I got some @ 0.032. But when the deal is finished a ton of stock will be coming down the pipe.
Referring to the last couple of months, not days, it's scrubbing the bottom.
I see the stock as very bearish until more info is known about the TV deal. Seems like management doesn't care to info shareholders except by SEC filings, which isn't enough for a penny stock.
Meant, several people here, in general.
You people get over optomistic because you're long, look at all the bagholders this company has made in the last couple of months.
I'll get optomistic when (if ever) we'll get some verifiable news.
Probably sold for their 1/10 of a cent. This is a day trading stock until more meaningful news. EGHT looks good.
Ameritrade is much cheaper because Scott charges 1/2% of principal on stocks under 1.00. Ameritrade 10.00 flat.
Until more is known about WWTBAMM, the company looks somewhat scammy, tons of shares issued, CEO issued non-dilute preferred shares, little info about revs from up coming deal (maybe they don't know yet). Market is waiting for more solid info to judge wheher this is real revenue generator.
My feeling, I hope all good for the longs.
Their (PLRS) PIPE is toxic financing unless of course they get their product to market which is a long ways off. Just wait until all those shares start hitting the float unless PLRS comes up with some great news.
No more, that's another board.
It will take some pretty good news to get it back to .15 because of all the extra shares issued.
Most people will burn out waiting for a PR. AAGH (unless they change) doesn't issue very many PR's.
Wouldn't surpise me if next filing was for more shares.
I got a flyer in the mail about two years ago, that how I discovered them.
Looks like a inactive shell: http://www.knobias.com/individual/public/quote.htm?ticker=vrot
New Chinese Accounting Rules - Sound Familiar?
Briefly: New Chinese Accounting Rules May Conceal As Much As They Reveal
by William B. Gamble
Published on January 8th, 2007
ARTICLES
Starting January 1, 2007, the listed companies on the Shanghai and Shenzhen stock will adopt new accounting rules that according to reports are similar to international financial reporting standards (IFRS)--the generally accepted rules outside of the US.
But there is one very big problem. China has chosen not to require the disclosure of transactions between businesses under common ownership or management control, known as related parties.
What this means is that profits and losses can be transferred from the books of one group member to another, so that no single member can be evaluated on its own. This need not be a serious problem where ownership is diverse and widespread, butÉ
Perhaps 98% of China’s listed companies are in fact owned by the state. State ownership may be by the national government, a provincial government or a municipality, but it is still the state. The listed company is usually owned by a holding company that also holds other unlisted companies.
It is common practice to move profits, income, assets and debts in and out of these companies. So the books of a listed company can be easily manipulated to make it appear that a profit exists wher there is none. Also these shell companies are often used by insiders to skim money out of the company.
In truly free market economies such practices are difficult there are numerous regulators and a free financial press. But in China, if no one is watching, creative accounting can be a wonderful thing.
It also has a precedent. Such shifting of assets and liabilities among companies was exactly the problem that exacerbated the Asian financial crisis. Investors woke up to find that the listed companies’ assets has been ‘loaned' out to related subsidiaries owned, usually by a controlling family. Investors in the rest of Asia are now more cautious. Unfortunately they do not seem to have applied the lessons to China
I would ask them to issue a PR as to how the new shares will be used as it's somewhat unclear to some people, in their filings.
For the float to jump to 30M to 80M in a few months has scared a lot of people away. Right now them look like a stock printing machine. Can you imagine what would happen if they issued more stock as they may be planing.
Has anybody received any answer(s) from AAGH's IR on anything???
What are your feeling about the increase in the float the last six months. Do you feel that they've issued too much or what???
spread .001 X .04, why am I not surprised.
Is there anytbody that thinks this shell ISN'T a scam?
All those share that Mr Mak issued himself won't be worth didly squat unless AAGH has some decents revs and earnings. If he perchance converted them next month the stock would probably go under a cent and he'd probably get very little for them.
He'll have to build the company for them to be worth something.
It's not quite as bad as I was thinking as I found this: http://stocks.us.reuters.com/stocks/incomeStatement.asp?symbol=0175.HK&WTmodLOC=L2-LeftNav-17-Fi....
hope you make a lot of money here.
The bulls best post: http://www.investorshub.com/boards/read_msg.asp?message_id=16714100
The bears best post: http://www.investorshub.com/boards/read_msg.asp?message_id=16714728
What's the float now, 40 - 50M???
Wonder which way the dice will roll on Monday. 145,000 @ .055/056 at EOD.
Only filed one, I would like to see all there future stock promotions fail, so that when they go to sell stock to new fish, they won't have anybody to sell to.
What about his court appearance. Is there a chance he'll have to answer for the fake PR????
New Chinese Accounting Rules - Sound Familiar?
Briefly: New Chinese Accounting Rules May Conceal As Much As They Reveal
by William B. Gamble
Published on January 8th, 2007
ARTICLES
Starting January 1, 2007, the listed companies on the Shanghai and Shenzhen stock will adopt new accounting rules that according to reports are similar to international financial reporting standards (IFRS)--the generally accepted rules outside of the US.
But there is one very big problem. China has chosen not to require the disclosure of transactions between businesses under common ownership or management control, known as related parties.
What this means is that profits and losses can be transferred from the books of one group member to another, so that no single member can be evaluated on its own. This need not be a serious problem where ownership is diverse and widespread, butÉ
Perhaps 98% of China’s listed companies are in fact owned by the state. State ownership may be by the national government, a provincial government or a municipality, but it is still the state. The listed company is usually owned by a holding company that also holds other unlisted companies.
It is common practice to move profits, income, assets and debts in and out of these companies. So the books of a listed company can be easily manipulated to make it appear that a profit exists wher there is none. Also these shell companies are often used by insiders to skim money out of the company.
In truly free market economies such practices are difficult there are numerous regulators and a free financial press. But in China, if no one is watching, creative accounting can be a wonderful thing.
It also has a precedent. Such shifting of assets and liabilities among companies was exactly the problem that exacerbated the Asian financial crisis. Investors woke up to find that the listed companies’ assets has been ‘loaned' out to related subsidiaries owned, usually by a controlling family. Investors in the rest of Asia are now more cautious. Unfortunately they do not seem to have applied the lessons to China.
Anybody here that bought between .02 and .04????????
"arcas and edgx participation is very bullish.".........what would be bearish??
Good luck, it's look like there're using the PR to juice the price in order to sell stock.
I said "seems" not, there is.
SALI seems to have inexhaustable supply to sell.
It's fine for company but not the shareholders. The problem is THE AMOUNT of dilution in a short amount of time.
You're right, before the OS was around 21M, now it's around 80M, plus no surprise if they have more in the pipe.
It's turning into garbage unless this TV program can become a big rev generator which is unknown. I think they played on that in order to sell stock.
The share structure has completly changed in the last few months, due to the dilution. A lot of new owners. It won't trade as it did in the past unless there some earth shaking news. Good luck....you'll need it!!!!!!!!
See this link for more details: "The Gospel Of The OTC Market" http://www.allstocks.com/copia/html/the_basics_of_otcbb.html
You sound like a nut, they just sold 30M shares to raise money, so any fool should know there're not going bankrupt for at least a year of two.
Taglich says 5.50 http://www.knobias.com/research.pdf?id=10215
NMKT.OB is a good example of a company with good revs, profitable but highly diluted. Look what happen to the stock price.