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Not sure exactly what this post means but it doesn't sound good for those of us that have bought this POS.
I purchased the Grease Beast kitchen sponges. Great product. The price point is reasonable - maybe a little on the high side but not much. There doesn't seem to be any advertising of Pura's products. I'm guessing that the company doesn't have the money to do a major promotional campaign. They got to get the word out on their products. They seem to have winning products but no one knows about them.
OS shares remain at about 504 millionish. Doesn't appear there's been any dilution during the month of August or September.
OS shares remain at 503,937,116. Doesn't appear that there any dilution during the month of August. Am I seeing this correctly?
WARNING: 317,516,404 OS as of July 1. 503,937,116 OS as of August 3. The massive dilution continues. At this rate of dilution PNAT will be tapped out (AGAIN) in about 5 or 6 months and going for another 50-1 reverse split making everyone's stock even more worthless than it is now so they can bilk investors with another cycle of dilution. Investing in this stock is a pit with no bottom (except zero) for investors and a way for PNAT to transfer money from the bank accounts of the investing public to its bank account to be used however management chooses with little probability of a decent return -- thanks to management.
317,516,404 OS as of June 30/July 1. Let's see what happens to this number when it's updated next week.
This is a pump-n-dump dilution opportunity for the company to generate some cash. They're strapped for cash. If they were seeing significant increases in revenue they would've said so by now. On April 1 the reported OS was 75,953,776. Watch what happens to the number as of May 1. The stock is headed down. No value to a company losing money with no end in sight.
Pump and dump dilution? Let's see what happens to the number of OS by the end of the April compared to March.
With the 50/1 split the price might go to $0.15 but with more dilution to come the price is headed down. The company posted a PR in March and then nothing of substance for several months. The PRs that have followed have done nothing to inspire investors. All we've really gotten is massive dilution with a 50/1 reverse split to come and more massive dilution to come. They are strapped for and bleeding cash and those of us that have held on will likely continue to see our investment devalued due to the reverse split/dilution cycle that's occurring. I know pink sheets are a gamble but hopefully the company we start reporting significant revenue gains that will point to future profitability or as least declining deficits and give investors some hope. If the share price is a reflection of hope, there doesn't seem to be much. And management is to blame.
For better or worse I'm holding mine and hoping I don't lose my money.
They seem to be taking a long time to finalize the deal on their "top three retailer" so they can tell us which one it is.
Wish they could get on the self and not just a website.
Well shucks. I agree that something is causing people to sell. Down day on higher than average volume is not a good sign. Not a good day for the PNAT. We need some good news.
I'm still holding my 9.6M shares. May lose my shirt but I'm holding anyway. I still believe in the company for now. While I've never met any of them, they seem to be straight-up and competent people from the information available to us. And their products seem to be quality, on the way to being everywhere, and selling. God bless the Beast - Grease Beast that is.
I voted today. Nay for RS, yea for everything else.
I know some of you feel he same way I do. But given the company's products, distribution outlets, management team, projects in their pipeline, etc. I don't understand what's going on with the stock price. It should be deep into pennyland. There are much worse companies than this one with much higher market caps. I'm not getting it. Maybe someone can enlighten me.
My apologies,
I meant Yamlnasty - what can you share?
GG,
Did they saying anything new you can share with us? Got my proxy in the mail today. I'll be sending it in.
I'm sure they had a lot a great things to say as they should to promote the company. But are we going to get into penny land anytime soon?
That is I need PNAT to get back to a penny.
Fastlane2, at this point I'm getting a little worried about breaking even. We need PNAT to get back to a penny. I'm holding.
I'm holding 9.6M shares. How is the vote being accomplished? I've never voted before.
drink-up,
I hope you're right. I sure want you to be right. I'm not selling either and hope I don't live to regret it.
Great news drink-up. Thanks for the post.
Hope you right about the gold. What I'm afraid of is the third quarter results that are due out any day. We've heard absolutely nothing ahead of the report which is probably an indicator of no good news. And what we've gotten is massive dilution ahead of the report. When they do put out the report I'm afraid it's going to feel more like a wooden nickle than gold.
I think those of us on this board are the ones doing the buying. I added more today.
drink-up, I don't post often but I understand your frustration if frustration is the right word. I'm one of those that have accumulated several million shares of PNAT so I've made a financial commitment that I hope not to regret. But this company seems to have a great cadre of products and by all indications an excellent management team. However PNAT has incurred heavy losses in an effort to develop their products and to create and implement their business model including distribution channels that includes thousands of outlets and other potential buyers and customers. They are obviously strapped for operating cash or they wouldn't be engaging in the dilution they are doing. I think more dilution and/or debt is inevitable until sales are sufficient to meet their cash flow needs.
That said, we have not received any news regarding sales activities which tells me the 3rd quarter results are probably not good (more losses). And we're only a few days away from when we should get the report. Also, this time last year this stock was trading at about 30 cents or so. There's a lot of people out there that have taken a beating on this stock. If third quarter results are bad here at the end of the year and the stock drops we may get a lot of folks that give up and decide to engage in tax selling before the end of the calendar year. The potential is there for another significant drop IMHO in November if we don't get some good PR. If that happens I intent to buy more and average down.
If I sell it will be after the 4th quarter results are out at the earliest unless something happens to cause a dramatic run up in the price or causes me to give up on the company. At some point the company has to show it's moving toward profitability. I think the 4th quarter may be a good indicator - at least I'm hoping.
I'm still a believer. If over the next year or 18 months the stock price goes back to previous levels, those of us that held stand to make of lot of money - as an earlier poster said - life changing money perhaps.
My two cents for what it's worth.
Pieterpanne,
Any idea if the information this website puts out is reliable. I certainly would like to believe it.
https://walletinvestor.com/stock-forecast/pnat-stock-prediction
I'm in long and plan to hold for now. I hope all of you are right about this company and I think you are. But with few exceptions what increases stock value over the long term is positive fundamentals. Forget the charts over the long term - they're worthless. This company must show significant increases in revenues and a clear indication it's moving toward profitability. If it does the price will take off and not look back. It wasn't that long ago that outstanding shares was at about 55 million. Now we are almost 6 times that. This dilution has gto stop sometime and the company has to pay its bills with product sales not more and more dilution. While I'm still positive and holding, the lack of hard sales data may be a tell-tell sign of third quarter results. When the third quarter results are posted, and they are not good, this stock may tank lower. Which may be why the dilution now. The lack of actual sales information combined with the dilution is worrisome. This dilution at these low prices tell me they are desperate for cash and third quarter sales results are not what they had hoped for because they haven't give out any hard sales data. I'm still a believer but a little worried. Go PNAT!!
Nice volume. Hopefully no additional dilution.