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I dumped my holdings. Fortunately I had only a 2,000 shares of this so it was basically no losses. Simply wanted to clear my portfolio out of junk.
I know it's against my best interest and I've already have taken a tax loss on this however I've decided to throw in a couple of hundred dollars of stock here. Got a couple of million shares. Don't plan on adding anymore though.
Personally, I still am skeptical though that this stock will do anything positive. We'll see.
*-"GOING CONCERN
The accompanying financial statements have been prepared assuming that the Company will continue
as a going concern. The Company has suffered recurring operating losses and is dependent upon raising
capital to continue operations. The financial statements do not include any adjustments that might result from
the outcome of this uncertainty. It is the intention of the Company's stockholders to fund capital shortfalls for
the foreseeable future. "
*-PSRU Quarterly Report08/11/2024
For the ThinkorSwim desktop application, clear out the cache before logging in. That help solve my situation.
LOL!!
LOL..that's definitely part of the reason as to why the stock is in the toilet.
Interactive Brokers is a good broker to use. I used them about 20 years ago but I had to switch because they didn't provide me with some things which I needed to trade (I switched to Tradestation).
Anyway, let's say for arguments sake you are correct (which you might be) about the amount of shares being short for this stock . At the end of the day, the
company stock has gone down 99.9%, has added tens of billions of shares in dilution and comes out with PR's, etc. which doesn't do anything to the stock. I don't see revenues or earnings. I've seen failed business attempts (such as fungy.io, etc.).
I've been following this company for years and haven't seen any reason(s) to buy the stock however I see a bunch of reasons to not buy (or at the very least to sell) this stock (as per my reasons above).
I took this stock as a small tax write-off last year however I feel others shouldn't be duped into buying this company or at the very least, should be aware of the "negatives" of this company/stock.
Regards.
Could we get back to the topic of this board? PSRU.
As was mentioned a few posts ago, this isn't 2020/2021. Situation has changed, finances has changed and the float of PSRU has gone up from about 150 million to 12+ billion.
Simply too many shares outstanding for even a "decent" run. I can see it going from .0001 to possibly .0004. I guess that's a "significant run" (it's all relative) however until the share count goes down, I don't see this stock going anywhere.
I've seen too OTCBB stocks go down, up, down then never coming back. My guess is this is one of those.
If you can profit on it, more power to you.
I got out of this heap of dung last year. Took my tax-loss and moved on. I felt management wasn't being honest and the constant dilution wasn't going to help.
Does it have a future? Who knows. However after 25+ years trading OTC stocks, this one doesn't look anything close resembling a "winner".
What's the point though?
USRM probably no revenues, no income and certainly no updates, no return of phone calls or emails, nothing. The company is done.
Thanks for the kind words. Can't say it's "your company" though. I was a simple investor who believed the company (thus stock) was going to grow.
Wrong decision. I own up to it.
Maybe you can kindly share some pertinent information regarding USRM. Last I recall, they haven't even filed in the past year.
Not only that, they don't respond to phone calls, emails, etc. My guess is this company is finished.
Straight from their earnings report (12-31-2023)
--------------------
2023 2022
OPERATING ACTIVITIES
Net Income (Loss) $(15,719,054) $ 7,542,568
The number of shares outstanding of our Common Stock was:
8,000,268,251 as of December 31, 2023
3,401,268,251 as of December 31, 2022
-----------------
https://www.otcmarkets.com/otcapi/company/financial-report/397430/content
"Anyone in their right mind knows that PSRU is a typical OTC scammer. But scams are where some good money can be made."
-Now this I can agree with!
No one knows what the future holds. That being said buying this stock for long or short term as not been a profitable adventure.
I haven't seen one profitable endeavor from this company (remember fungy.io?). Meanwhile, the float has gone up by a staggering 20 billion shares since 2021 (I have the data to back that up as well).
Its unfortunate but it is what it is.
I post here to prevent others from being duped. Simple as that.
Ok. You very much might be correct. I'm only going by the "outstanding shares" count. That being said, even the amount you subtract from DTC has increased.
I believe WSJ data is incorrect. The link below has more accurate info.
https://www.otcmarkets.com/stock/PSRU/security
Outstanding Shares
12,860,268,251
Float
9,860,166,549
Regards.
Edit: Apropos, another 1,100,000,000 outstanding shares have been added/issued since February 24.
Going against the estate of a deceased person is common practice.
LOL!
Probably mommy's basement...LOL.
Some people can't accept the truth.
Thanks very much for all of the information. It seems this company has practically no hope anymore IMO. When they were generating revenues they probably could've paid off some of their debts. This company makes no money and basically their patents have practically no value.
IMO their best hope is to expand internationally where laws are different and work on their veterinarian products. Not that I think it will happen.
I guess I'll have to give you credit for stating this for quite sometime.
I "invested" in this stock many moons ago when "stem cell therapy" at the time was an upcoming big thing. I expect this stock to be a tax-write off for me down the road when I start selling my profitable stocks.
Oh well, that's life. It's best not to dwell on past mistakes but rather to learn from them.
".Comella is off running another "Stem clinic SCAM" on her own now and getting her sorry ass sued off also in several lawsuits....she already lost one at trial....and is "Trying" to avoid paying by pulling a shit-show BK scam and fraud.....same old same old with these 2-bit scammer charlatans.....:))"
-Do you have any proof/links for that?
Thanks for the link. Unfortunately I can't log in right now. Not sure if he's actually guilty of fraud though.
Do you have any links or proof on this? I knew he was full of it however I didn't realize it was THAT bad.
I'm not even sure this company exists anymore. I've called, emailed, checked anything related to the company...crickets.
No filings, etc. Might be time to put a fork in this one and call it a "tax write-off". A shame given I was up quite a bit on this at one time. Oh well.
Is there any PROOF that it was "noteholders" selling and/or they are the 2nd to last batch of noteholders? I'm quite curious about this group.
Regardless, IMO stock isn't going to go anywhere and has been a poor trade/investment for many and that is why I took my loss which at least allowed me to offset my other nice profits.
Hoping people read this board so they don't get scammed into buying this money-pit. I'm hoping at the very least people do their DD before buying this stock.
I used to keep track of the dilution of this stock almost on a monthly level. After about 8 months, I got tired of keeping track and subsequently decided to dump all of my shares as well (last year). Took my capital loss and moved on.
Funny (sad actually) how the cheerleaders are still here while the stock has lost 99.9% of its value in 2 years..LOL.
Yes, the SEC needs to crack down more here in penny/sub-pennyland. Its incredible what management is able to get way.
I actually have some data on it, though I haven't kept track since I sold my shares earlier this year. It was intermittent data from 02/2021 to 07/2023. Here are the 1st and last piece of data I have.
Date Market Cap Outstanding Shares Restricted Unrestricted Held at DTC Authorized Shares Float
02/2021 3,115,048 129,793,650 40,101,702 89,691,948 85,935,412 5,000,000,000 N/A
07/2023 504,127 5,041,268,251 190,101,702 4,851,166,549 4,430,689,430 22,000,000,000 N/A
In about 2.5 years, outstanding shares went from about 130 million shares to 5 billion shares...meanwhile the market cap dropped to about 1/6..LOL....
Nothing has come of the PRs, movies, etc. The Fungy website was a complete flop.
The only thing I've seen with PSRU is an increase in shares.
Glad I'm out of this junk.
Buyer beware.
Someone quite sometime started to insult me when I said there was a chance EEGI might go back to the current lows. Guess who's the idiot now?
IMO EEGI is possibly looking like a buy at these current prices.
Whatever happened to that lame CEO Jerry Mahoney of ivoice.com
The only people who have been correct on this board are the ones who've said this stock/company is horrible as an investment.
Prove the above statement incorrect.
I called the number on their website a few weeks ago and left them a message on voicemail (no one picked up the phone). Told them I'm an investor in their company and if there is anything on the horizon regarding the company. Got "crickets".
I'll call again sometime soon.
From the PR:
"We have just hired a royalty to assist with our international expansion and other existing initiatives!"
The only PR this company should come out with is "we love diluting shareholders"....LOL!!!
LOL...keep dreaming.
$100 million acquisition with market cap of <$800,000..LOL!
LOL...more nonsense PR junk.
Meanwhile, the outstanding shares will head towards 10 billion..LOL.