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What’s changed since the 6k? It’s over halfway to trips from where most initially invested...
Negative light? Everyone is red. It’s impossible to invest in this ticker and not end up red unless you got in around the double threes a few months ago. This thing might end up with a r/s or a no bid before it hits copper again. Too many unknowns and with the lack of transparency, Bertsos is a tough guy to trust.
I’d be willing to bet that a couple mms have a few hundred million shares they’re converting around 500%-1000% for a small portion of Bertsos salary.
Personally, I’m not sure if that can be 100% confirmed. I’m starting to think this guy is a crook. He sits idle as his share price tanks and investors lose their asses.
Are you friggin kidding me? This must be Bertsos’s fake account. Shorts? This thing continues to tank and the amount of shares available are endless. Nobody needs to short anything. People are trying to cut their losses if the MMS will even sell individual shares since they have an abundance of their own compliments of Bertsos.
I feel there are 930M shares being dumped whenever anyone is stupid enough to buy them at whatever price they can.
Good luck. This stinky pink taco has failure written all over it.
Agreed, but this company seems to have an identical subsidiary that is NOT public. Sounds like the perfect storm to me. Not too mention, I bet it’s been a couple months since we’ve seen a legit green close.
Well, there are plenty of shares to go around at cheap prices and the MMS still have control of the majority of them. Probably somewhere around 930 million of them. The only way this goes back to silver is with another r/s.
With numbers like the ones you presented, why does he only have one operating ship and at a 5M dollar price tag, and why did it take him so long to acquire another? Between his salary at 1.5M and the revs he claimed from a few voyages in his PRs, he should have a fleet of 20 by now if he has any favorable credit history at all. Don’t forget, Bertsos is the guy stating that he has found an underserved market by his ability to access smaller ports. In other words, he says the demand is there, he claims to be making the money, but he still has one operating ship worth only 5M. Something just doesn’t jive here....
Exactly. Wouldn’t be hard to break even or take a loss while using your ticker as a personal ATM machine while all your revs are being generated by your subsidiary company. Like I said before, the lack of transparency and SS questions we’ve all had for so long are coming back to bite us. Personally, I actually think a phone conversation as DD is worse than nothing at all. Nobody is on the record. If anyone thinks these pink sheet CEOs don’t lie their asses off, better think again. The majority of them do.
Obviously, but when they use the same ship and one is public and the other isn’t, kind of makes you think....
Subsidiaries in the same business makes a company easy to manipulate their revs and profits. Another thing I don’t like.
These guys operate the ship and manage for Bertsos.
http://www.nordiabulk.com/en/homepage/
More interesting finds. This was dated sept 27, 2017. I’m thinking this could be the exact same ship. The management company has them listed to another owner.
http://www.antares.gr/?p=524&lang=en
Scroll to the bottom of the page. It clearly says 2018 on it. They’re still in business. As for the ad, who knows. I’d like to think they update their page at least every year. I’d be very concerned about that.
With the revs everyone is projecting, he should have 10 ships by now at 5M a piece and obtaining one new ship shouldn’t mean chit.
Could be old. I’m not sure. All I know is the price is listed at 5M which pisses me off even more based on his salary and debt the company is in.
Thoughts?
I’ll probably buy back in near the .0030s. Also, why didn’t anyone check the link I posted last night where it shows Bertsos’s ship for sale for 5M?
My apologies. Just thought I’d try to explain my experience and why I felt the way I did. That’s all. My posts are in good faith.
Here’s an interesting find.
http://www.nautisnp.com/bulk-carriers/21116
And he pays himself 1.5M annually. Just think about that for awhile and look at the red numbers next to your investment and ask yourself, is this guy genuine?
I’m out. Took a monster loss too. This ship is sinking. With a gigantic salary Antonio feels entitled to while severely lacking transparency, I’d proceed with caution on this one. With a SS pushing a billion, a RS could happen at anytime. I personally don’t think he’s too worried about his investors. Just lining his pockets.
MMS are shorting the hell out of this. It’ll move north eventually.
Then please post the email thread.
One thing I’ve learned in the OTC is not believe anything unless it’s in writing. Even then it’s tough not to be cautious. I hope he was honest during the phone calls, but it’s easier to mislead investors when it’s simply hear say and not put in writing.
Agreed. Crooked Clinton would’ve sold our country to the Muslim brotherhood.
I disagree. Risk is based on ones decision with the information available. When TAs are gagged and SS isn’t made public, the risk is enormous. I guess it’s up to each investor individually to determine what they think of the CEO. Is he lining his pockets eternally with 20B shares or is he truly restricting only 930M shares for himself to be used in the case of an emergency? Nobody knows. In my opinion, especially after trying to dump my shares @0099 today while being the only ask on the L2, Bertsos is dumping massive amounts of shares that will be converted prior to any shares owned by traders, AKA us. Oddly enough a handful of buys went through at 0099 today while I was the only one on the board too. This ship is sinking and everyone on the board is holding the bag.
I understand where you’re coming from, but that’s not what this is. This is a federally regulated security that is not following the rules. Apples to oranges. Especially when Bertsos has a guaranteed 1.5m dollar annual salary at the expense of investors. Sorry, but the mechanic is a bad comparison.
A phone number doesn’t verify anything. Especially the content of the phone call. Once again, impossible to verify. Just like it’s impossible to verify the msg from Marc earlier today. With all due respect, you can’t pick and choose facts without the proper verification.
He can dump shares while making a grip off the shipping company. As long as he continues to keep the shareholders in the dark, it really doesn’t matter what he does. The only update we’ve had with regard to SS is a phone call with a ihubber that can’t be verified. Sounds like it could be a scam to me.
Thank you. Just because I can afford to lose my investment, doesn’t mean I intend to or enjoy it. Especially when our CEO doesn’t file the basic paperwork and updates we’re entitled to as investors.
What we’re doing is putting faith in a CEO who is the least transparent POS on the planet. There is a right way and a wrong way to do things. He knows the right way, but neglects to follow through. So, since he’s lazy or is intentionally screwing us. Not sure either personality type is worth my investment. I’m out with a monster loss. F Bertsos.
In other words, our shares cannot be sold.
The MMs are dumping shares and are manipulating the F out of this ticker. My sell order won’t go through, even though I’m the only one at 0099 and have been all day. However, look at all the 0099 sells that have gone through. Buyer beware. Antonio is crooked as F and those 930M restricted shares have zero restriction. This is BS. #bagholdersunite
It’s the constant lack of transparency. Makes me feel they’ve got something to hide, along with the constant share price of 0.0113-0.0125 and all of the accumulation at that price, something is being converted. The MM’s can keep it there forever if they have the shares to do so. Anyone can see that something isn’t right.
Been holding a large stake and even bought more recently. I personally know others who have another 1.5M shares between the three of them. Without transparency this one might be dumped sooner than later. The CEO didn’t respond to my one email I sent about a month ago either. I’m not sure if it’s arrogance, stupidity, or a con, but I’m becoming disgruntled.
You speak of “proprietary software?” With coding and website building, it is very easy for the right people to build something almost identical with changing something minor in the coding. That being said, are there patents on this state of the art software?
This scam is still trading? Wow....I’m thinking it’ll run to a dollar after the next hearing. I also heard that Oprah might buy the ticker.
Cashman is the most crooked POS in the OTC. He’s a scammer and has found himself some loyalists. Best of luck fellas. I’ve held too many bags here just like the majority of his investors.