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Dilution is always bad.
Yes, there're no financial info readily available:
http://www.knobias.com/individual/public/quote.htm?ticker=GELYF
An incredibly risky stock.
Take a look at the play in BBI.
Very speculative stock. Be careful.
I wouldn't say 99% are scams. Just, the odds are stacked against you. I post those sites for interesting reading and the reader can come to his/her own conclusion. I don't have a position in AAGH, it's too volitile for me, my penny favorite is NMKT.OB but that's a different board.
I would just love to see if:
1. The money for the buyout was actually deposited in the bank.
2. How much stock insiders were selling during this period.
3. Have the the management tell us why they sold the company for .10 (really probably .07) when it was supposted to have a buyout for 70M.
4. How about this majority stockholder (who mysteriously voted down the buyout) is now accepting .10 instead of 1.56!!!!!!!!
Kind of obvious what's going on here. For me, I didn't have that big of a position to pursue this further, but I think others do.
Interesting reading: http://www.allstocks.com/copia/html/the_basics_of_otcbb.html
"There are several key areas to look at when doing DD on an Over-the-counter pennystock. And it doesn't even include looking at the financial information.. . that is the leastimportant thing to look at.
Share structure and distribution is the FIRST place our eyes should go when looking at an OTC stock. Don't even READ the news until you know whether or not 5 million shares were sold at .005 to a company in the Cayman Islands."
"And if the company does not report their financials to the SEC. . .RUN AWAY. Don't even consider them, because they will surely rip you off any way that they can. And if they SAY that they will soon be reporting their "audited" financials. . .run even faster. . .this means they have NO INTENTION of filing with the SEC. And even if they say "we will be filing with the SEC" or even "we HAVE submitted our financials to the
SEC." DON'T BELIEVE THEM"
http://www.allstocks.com/copia/html/the_basics_of_otcbb.html
If you believe that you have been defrauded by Pink Sheets issuer,you may file a complaint with: http://allstocks.com/pinksheetstock/Pink_Sheet_Stock_Beginners_Inf/pink_sheet_stock_fraud.html
They missed quite a bit on their earning, they'll need some good news to get the stock moving up again.
Well, it hit a all time low of .02 and you couldn't believe a word of the former management (probably still controlling the shell) and it looks like there was a staged fraud buyout, then there're the fake 100 share at the offer price, stock dividend, no patents filing, ect........trade away but I could think of a hundred better stock to trade such as BBI.
Just watch out for those PR's coming probably starting around 04/15/07.
Just some good reading, I'll bet a some people here don't know about, not you in particular.
This has been a difficult piece to write. I have spent about 2 weeks trying to put all of this into a usable form that not only would hopefully educate people about what actually goes on in the US OTC BB market, but also would not make too many people furious with me. It's OK if people dislike my opinions - it's a free country. The observations in this piece come from hard won experience. Much of my business is in smaller growth and venture companies, but almost all of it is US exchange listed, NASDAQ or Canadian stocks. I conduct very little OTC BB business these days except for my specialized 144 and restricted share business as well as some unsolicited trading for clients. I almost never recommend BB stocks to clients - almost all of my venture business is in Canadian stocks. Why? Because I (as well as most everyone else in the brokerage industry) consider the OTC BB to be the most corrupt stock market anywhere - certainly in North America.
Before people start howling over my last statement, please allow me to qualify it a little bit. Some estimates say 50% of OTC BB volume is related to fraudulent activity. My observations and experiences lead me to believe the number is probably closer to 70%. This is not to say that 70% of the companies on the BB are frauds - there absolutely are some good, honest companies traded there. Instead, I believe 70% of the trading volume is circumspect. Yes, there are good, honest companies listed on the BB. However, they typically don't trade as much as the hyped or "pumped and dumped" shares, which is why so much of the trading volume is questionable.
http://members.tripod.com/foolsgold77/otcbb_short_selling.htm
Poster on RB claims to have 5M shares: http://ragingbull.quote.com/mboard/boards.cgi?board=AAGH&read=5
Wolves in sheep clothing.
Remember this is MTDN, I mean MOTD, I mean MTDX, I mean SCPT.
Seems like every year around April 15 the pump n dump machine comes to life here.
Let's see what little trick they got up their sleeve this year.
Great call. I hope not a guess.
****POST OF THE BOARD IS HERE************
http://www.investorshub.com/boards/read_msg.asp?message_id=15124662
This link says about AAGH: "Quicksand.....pain is expected and any growth will be given back" It's rated a "D".
http://www.investorshub.com/boards/board.asp?board_id=1616
News is probably leaking out that more PR's are coming, this could possible carry the stock to .08 - .50 (just a guess). This is the old OTCBB game. Just know when to get out.
No one but a penny stock trader takes a .05 stock seriously. Better than a slot machine.
Things I noticed about these penny stocks: Wall Street doesn't seem to notice penny stocks until they get listed and/or start to have 20M in revs. Wall Street doesn't like Asia accounting. Most OTCBB as a investment will lose you money. Pink sheeters are pretty much junk/scams. Stocks like AAGH are great short term gambling stocks, better then the ripoff casino. Just be careful when the music stops (remember musical chairs when you were a kid!,or at least younger) because last one out is truly a rotten egg.
Don't confuse the board with any facts, all we want to known is tht were making money!!!!!!!!!!
P.S. You're probably right.
"It should have gone straight to .008, so yes, .035 is truly unbelievable.".......just give it more time, it will get there.
I sort of get the feeling something similar to that will probably to AAGH.
So now, fully diluted shares is around 100 million????
Anybody ever see a similar incident like this with another stock???......If so, what eventually happen???
How does selling short on the Berlin work???
I've heard about it but don't know he dedtails?
Has anyone contacted the company to ask about the stock????
I hope this isn't a dumb question, but does anyone have an idea why AAGH keeps going down??????????
Most of these unlisted stocks are ATM machines for their management where the little guy ends up paying.
Coming close to 52 week low.
The proof is the reaction by the market, plain and simple.
The damage done to investor confidence may not be reverseable, at least not for a long time.
This one got all the way to the NASD before being delisted from the pink sheets:
http://www.sec.gov/litigation/complaints/2006/comp19933.pdf
CESV charged by SEC with fraud and delisted from PINK SHEETS. You just cannot get more worse then this.
Too speculative for me. Will watch to see what finally happens.
I'm in ICRD.OB @ .23 as they just became profitable.
This link with the last link looks like there're not going to bring anymore Russian companies public. Looks like a shell/inactive company now and also "a ongoing concern": http://biz.yahoo.com/e/061212/ipor.ob8-k.html
What do you think???