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It has been some time since I been looking at this FMNJ Message board. Price is still the same - no surprise here. I will be selling all I have for tax losses this year.
Haven't look at this board for some time, with a bid/ask of only
.0001 - FMNJ is still attracting people to buy this thing. Last time I bought was about one year ago. I see only two options here, a Reverse Split at the current price or the company going under. I have already taken this as a complete loss.
In my opinion, all pink sheet stocks is money down the drain, and
FMNJ is just another example, just take a look at their chart. Put your money into something else, there will always be people on these message boards that we'll praise these companies. It's easier to buy, harder to sell.
All of the Pinks that I owned did the R/S at .0001 - which is why is was tempting to buy at those levels. I did and lost, before you buy at .0001, see if you can sell them at .0002
The money in this stock was made years ago. With the price of .0001 and my belief that R/S will happen soon. Just remember this is a pink sheet stock and like them all you'll lose your money sooner or later.
It's tempting to try to buy at these prices, If you can get filled at .0001 - this isn't a good sign. From my past pink sheet bad experience, I have bought two or three easily at that price but I wasn't able to sell it at .0002. Then the dreaded R/S came about, hopefully this is not the case.
If you can't sell at .0002, this is not a good sign - Still feel the R/S is still on the way.
It's amazing how most everyone on this board is optimistic, with closes of .0001 almost everyday and thoughts of this thing goes up to (___), most are going to make alot of money. Reminds me of one penny stock I owned, all their news was great, investing in china for example, well they did a R/S, lost most of my money and they are still making excuses and still trading much lower. With given where FMNJ has come from for the past few years, that's all one can do is hope that it's the truth, but with most penny stocks I have learned, I'm keeping my money in the bank. Also I have lost about 90% with FMNJ also.
A R/S Split is always negative thing - All the pinks I owned did a R/S and now their gone or the price is much lower after the split - My only advice here is to put your money elsewhere - Never buy the pinks.
My lesson for the past few years is that Pink Sheets or Penny Stocks are a complete waste of money - It's just money down the drain. One should not buy these things with the HOPE of something happening and HOPING everything will turn out positively. I haven't look at my stock account in the past six months and will probably not.
Where are all the posts that praise FMNJ for the past few weeks or months. This is typical of most Penny Stocks, a waste of your investments - also bashers are only posts that explains what might really be going on. Long Live FMNJ -
WOW - that's alot of shares outstanding. Sooner or later that R/S just might happen.
Does that mean I should buy all the shares I can at these prices and hope that everything works out. I haven't bought any within the past year and don't plan too. Like with most pink sheets, just like to break even.
We'll probably see .0002 and lower, my experience with penny stocks is quite bad, there a reason why it's at .0003 or .0002. I have been around with this company for over 4 years and not to happy of course.
If it stays this low at this price - A R/S is probably in the cards, it happens to almost all of them.
Any investment in this company should be considered a total loss.
Let's get prices higher - To The Moon - Wanna see 10 cents by months end.
MONA- Like to see 10 cents by months end and then 20 cents - TOO THE MOON !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
More news means nothing - prices are heading down again - only ones that made money are the ones who bought at .0005 or so - Surprise?
It's really not that simple, when you done 95% you are hoping within the next few years to recoup some of it back. To sell now
would be stupid - unfortunately stocks you can hold forever. I just telling it the way I see it. If there is no buyback and if the stock doesn't go to 20 cents, where should these people go to cry to.
That's a Big If, just because Garr Winters says he will do the
buyback only time will tell. I own another great pinksheet stock
that had a PR saying it will be doing a buyback, that was about one year ago and nothing. Can't trust any Pink CEO!
To many bulls here, just remember MONA past performance here, and
also by the way, a quote from a year ago, To the Moon.
Has a long way to go to satisfy post R/S shareholders!
Has a long way to go to satisfy post R/S shareholders!
On Bigcharts, 2/15/08 this is where the stock traded - my shares in scottrade were not available for me to trade (ie. to sell them).
Monarc Corporation
Friday, February 15, 2008
Closing Price: 0.60
Open: 1.00
High: 1.00
Low: 0.02
Volume: 2,20
Where will they (FMNJ) be getting that amount of capital (470 Million) to do the GLT project.
The other project is awaiting approval of the U.S. company Franklin Oil & Gas International, which will invest 470 million dollars installing a distillation plant naphthas and diesel from gas, known as GTL (gas to liquid ") .
Wasn't the price of the post Reverse stock split price alot higher than .20 cents. That price times the amount of shares I have after the R/S doesn't come out close to my purchase price. If he didn't
rip off the shareholders many months ago with it, most wouldn't be
in this position.
From HotOtc.com :
Mr.Garr Winters, the company's Secretary added, "Our stock target price aim is as close to the post reverse stock split price of 0.20 cents per share or as close as we can get to that goal.
Even HotOtc.com is being paid to Pump them. I would like to just get my original money back. Got to get to .30 or so, I wish I never put one penny into this thing, learn NEVER to throw my money away in Pinks.
From HotOtc.com
My new big pick is MONA.
Like some of my recent picks MONA is very low priced which makes it highly volatile and risky but the returns could be huge for the savvy trader.
HKBV, my alert from last week did a maximum of 263% in just 2 days!
MONA has already started to move up and I believe it has the potential to go higher. Once these low price companies like MONA gain momentum it could last for weeks.
MONA is coming off extreme lows due to huge announcement from the company about a 50 Million share buy back. The company plans to conduct a share buyback of no less than 50 million shares either on the open market or directly from the stakeholders, and retire them back to the treasury.
This will be huge for share holders and if they buy the shares in the open market, this could also spike prices. Add MONA to your watch list.
I will send more information on MONA tonight.
When it get to my breakeven let me know - that's around 30 cents
per share. Also where is the GLCC divi.
HotOtc.com - GLCC and the Summer Olympics!
HotOtc.com is being paid to PUMP this Stock!
My new big pick is GLCC.
More than 4 billion people are expected to watch the Olympic Games that is about to start in a few days. With this comes a lot of talk about China and controversy surrounding the country.
This is good news for GLCC since they are based in China, and everyone is going to be online looking for Chinese related companies to invest in.
Now there's 2 sides to GLCC, the business side and it's stock side. The business side of GLCC looks great. They are a huge convenience store chain in China with almost 1,800 stores in 2007.
GLCC plans to expand to 2,200 franchised stores in 2008, and reach upwards of 15,000 locations by the end of 2010.
Check out GLCC's website to view some of the stores: http://www.goodlifechina.com/eglchina.php
I consider GLCC as the 7-11 of Asia.
Now the stock side of the company is a little different. GLCC has been hammered down to an extreme low. This presents an opportunity to risk tolerant traders and investors!! At these levels GLCC can be very volatile so I don't suggest you do anything unless you understand the risk involved here. You could lose all your money. You could also make boat loads of money.
In the last 6 months GLCC has had two major rallies, the first rally resulted in gains of over 1,100%!!! The second huge rally resulted in gains of over 500%!
View the chart here: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=glcc&sid=0&o_symb=glcc&freq=1&time=6
GLCC is back down to a level where it could rally again!
2 days ago GLCC announced that they will be offering various banking related service at there existing 1,800 locations. With all the visitors China will get for the upcoming Olympics, I believe this is going to be a huge quarter for GLCC.
Another reason why GLCC may rally is because of they have decided to sell off their North American.
Under the terms of the agreement, the buyer Alternativa Grupo will pay GLCC a one time sum of $300k USD. In addition, the buyer's group has agreed to purchase up to $250k of the issuers stock. This in itself could cause a rally!!!
Do some research on GLCC and add it to your watch list.
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Another 'divi' - Where's the first one - this company is truly a
Rip Off.
Must be a new investor - will find out soon it's a waste of hard
earn money.
Average Down - I don't even want to know this thing exist. I have taken this as a complete loss and the chance of this doing anything would be a total miracle - this company is totally worthless.
I don't think so
Just looking to break even here - this company has been promising things for a long time, so far not much. If I just make some profits at some point, I will be happy - only time will tell.
I can't even see that, let's see what concrete news is to be release this week, maybe?
Let's hope so, still need people to keep on buying this thing. My
buying time is over, would like to have bought some at .0005, not at the current price level.
In the Big picture - This stock is truly a SCAM even without
the GLCC so call dividend. I'm learn the hard lesson with all
of these Pinks.
That was the same projection six months ago and look where we are today.
Hopefully there is a Guarantee with that, if prices don't move up higher this week, I need an explanation from the members of the
board.