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Its a classic case of the CEO playing around with his shares I think! See my post on the SNRS board, CEO is in hiding, nowhere to be found!
I am not a MM so its beyond my capability to UP. My sell price is fixed at 0.01 if it EVER gets there but I will still be selling it at a loss! Tell that to the MMs is my advice to you.
Me but there was the shadow of incredulity lurking when no mention of this news was on Nasdaq Pacer's website. I wondered why the Pacer biggie has not sued this Pacer Logistics for using the same name as one of its principal activities is also logistics?!
Wise reasoning rather than the usual posters who have fantasies about the PPS going up and up.
Someone traded in this today! Amazing. Could be the CEO fiddling around. Where is he? Anyone been able to get a reply from him or spoken to him? His trail has gone cold.
Well if you have spare cash you have the liberty to average down. For those who do Not have the money me included, there is nothing we can do. Also, do not forget if the company goes bankrupt and the PPS goes down & down faster than you can say STOP, then all your money is gone with this averaging down theory.
I have seen this average down trading ruin a few investors with a PK stock which was declared a scam by the FBI. It can also go that way.
So average down is Not necessarily a savior as it can make you go broke in your investments!
BTW, its a fantasy that the PPS will rip! Laughable indeed. I call it a fantasy Not a dream. Its the most extreme form of thought that this will ever even see 0.01 again.
But as I said before the only consolation is that no RS has been done yet since I bought into this in 2005. But it may hit us sometime.
What happens when you have no money to do averaging down as mine is all tied up elsewhere? There is just no spare cash.
I have been with this company since 2005, I must be the most disappointed shareholder on this board for so long, always waiting waiting waiting for the PPS to return back to 0.02+ which was at its height in 3rd qtr 2005 which I bought into. Its been 3 years now, what do we have CRGO? Nothing! Downhill all the way.
PACR even if it wants a foot hold with CRGO is going to bleed buying into this. If it happens OMG we the shareholders would be shortchanged as they will probably want to buy us out at the cheapest bargain price they can find.
The only consolation I can find with CRGO is that they have never done an RS on me YET! I said YET but I am not sure how long they can hold out on this one. An RS is certainly a possibility to push up the PPS but my number of shares will be dwindled to a pathetic lot.
Sure I can sell it but at a huge loss. I sold some last year. This has been one of the worst stocks of huge disappointments. You can only trade this when it swings marginally not wait for it to move up by leaps & bounds. Does not work for CRGO.
I have been with this company since 2005, I must be the most disappointed shareholder on this board for so long, always waiting waiting waiting for the PPS to return back to 0.02+ which was at its height in 3rd qtr 2005 which I bought into. Its been 3 years now, what do we have CRGO? Nothing! Downhill all the way.
PACR even if it wants a foot hold with CRGO is going to bleed buying into this. If it happens OMG we the shareholders would be shortchanged as they will probably want to buy us out at the cheapest bargain price they can find.
The only consolation I can find with CRGO is that they have never done an RS on me YET! I said YET but I am not sure how long they can hold out on this one. An RS is certainly a possibility to push up the PPS but my number of shares will be dwindled to a pathetic lot.
Sure I can sell it but at a huge loss. I sold some last year. This has been one of the worst stocks of huge disappointments. You can only trade this when it swings marginally not wait for it to move up by leaps & bounds. Does not work for CRGO.
Very interesting comment about the sizable BIG float out there that may not get the PPS much higher. I see some similarities with WNBD also a PK which seems to have hit the max at about 0.04 so those who bought in at 0.0006 would have benefited the most if they bought in say about 3 to 5 million shares at that price in Dec 07.
That's why I do not like chasing the PPS when its gradually on the up. Prefer to see a pull back still waiting to see whether it will go back to .0005 to .0008. I know I hear a chorus of voices that says it might not but been trading in PKs for quite a while so there is a chance it may. But good luck to those who bought it early.
Frustrated with this! Just swinging around the .001++. Either its going down, down, down further or its only moving back to its 0.004++. Need to get out at 0.008. No investors for their machinery factory means this will go down much further. In this economic climate, I wonder whether they will find any in the coming months.
How will it bring the PPS up to above .01? How will Rose Best financials be reported in the 2nd quarter and how will it impact it?
When did you buy into it?
That is old story. This PPS was at 0.02 in 2005. Made a lousy move to buy into it then, still stuck with it. I would be the one looking joyfully to this above 0.01 thingy if it ever comes again. But in reality I seriously doubt it unless a knight in shining armour and a good one does a reverse merger as I mentioned in my last post.
Who knows? Bottomless pit or a rebound if they can find investors to take up their shares. Even with a rebound I am still wary whether it will hit 0.008 again.
I guess I am the longest bagholder here since 2005. Could not sell it as it would be a huge loss, bought in @0.02++. Very pricey.
I am just wondering would it not be a good idea if dear CEO Jesse Dobrinsky, could find a potential China suitor and encourage them to do a reverse merger and buy him out but continue to float this company. I was just reading a few days ago that China is now the world's largest exporter and yes us the good old USA is their best customer. Will it create optimal synergy if a China logistics or freight player would to buy into CRGO to get a slice of the logistics market here?
Just some thoughts.
Wang, could I ask what made you invest in this? I just think its one of my lousy investment as its going to sink lower and not go any higher.
OMG! Sunrise email is no longer working. Mail error returned on this address: Info@sunriseconsultinggroup.net.
Should it be reported to Nevada FBI Commercial Crime Division as its registration is there? Seems like someone tried to get in touch thru tel in CA office on this forum but with no response too. Anyone in CA who can just verify that physical office is still there?
That would be good for those who are Not in yet & waiting for the PPS to go further down. I know that would be a disappointment to many who bought it just recently. But I am taking a wait & see attitude as its now on my watch list. My target buy in price is @0.0005. It was there before in Feb 08, may get to it again if there's a lull or it may not. If it does, for those already in can still load up. The Wal Mart connection is what's attracting me to this stock.
Not sure whether you are just issuing a verbal threat with no intention of actually calling up lawyers. Let us know the actual name of lawyer, address & tel no if you get to it. But as I said before if its a legitimate business they have got nothing to fear.
That message was from a long time ago which you lifted from their site. No big deal! The Chairman must be enjoying his Tequila on some sun kissed paradise island with our hard earned money poured into buying his shares & all for nothing.
Come on even a half wit would know how to issue some fluff PRs to get the PPS up with the mention of iron ore being a highly priced sought after commodity nowadays. That type of PR statement would Not be a lie as all mineral commodities have prices soaring.
It is a lousy investment, hope to exit at 0.008 having bought it at a high of 0.007. I now have serious doubts that the PPS would even hit 0.008 by the end of this year, 31 Dec 2008.
Their latest financing plan does not sit well with me. I am dreading the RS if its coming up soon if they don't get investors to buy into their latest financing plan, even if they do, with the cost of inflation going up, it might not be enough & they will then issue more CDs etc and their plans to get more biz will be halted or not moving forward.
I just want to exit with my initial capital still intact if I can but with each passing day, it seems more remote. I would hate to sell it at a loss now.
Yo! SNRS Managment, bring this PPS up, issue PR news on how much iron ore your mine can make!
Wang, another question, stock sale equals to more dilution, that's my impression, what is yours? Not too happy about this. Asking you cos I see your presence often on "Cash Cow" thread.
Wang, why are you so sure it will pop? As far as I can see its still sluggish. Could be the overall general sentiment of China plays at the moment. Not much spikes upwards.
Management decision is so wishy washy. Sometime last year in their PR, they wanted to do away with their international biz, now its back again. Their Far East strategy did not work, are they reviving it again?
Uh oh! Ron Touchard is the Treasurer from the link you provided on Nevada filings and he is officially classified as a con artist in one the ihub's forum. Here is the link:
http://investorshub.advfn.com/boards/board.asp?board_id=3509
Anyone up in Nevada who is willing to call up FBI Commercial Crime to investigate into SNRS? If SNRS is holding up to be genuine, then I guess they have nothing to fear if an investigation is carried out which I hope is the case. If they are the bad guys, then for once & for all get rid of Ron Touchard & nail him if he's the scammer!
I wish I had knew earlier before I bought in! Damn! May not see 0.01 again! Gone with the wind!
Does anyone have biz associates or friends living in western China in Sichuan? Reason for asking is can they see how the Rose Best project is progressing? Seeing is believing.
Changemaster, there are only 2 things that will happen if you really did report it to NY SEC! Firstly, if its a fraud, then hopefully, SEC will step in but sadly shareholders like me & others will lose. But then is SEC the regulatory body for this cos sometimes its the FBI Commercial Crime division that steps in for some listed companies.
Secondly, if you have reported it, then INBG if its doing legit biz which I still believe it is, will be even more pro-active in providing more regular updates & details of its upcoming biz plans.
Are they facing problems in how to finance the purchase of the factory? Seems to be taking more than 3 months now since the news about the acquisition. How is it going to be financed?
Such a wealth of opportunity in China but management seems to be having some difficulty in getting things moving, wonder whether their networking skills with mainland Chinese is an obstacle?
With commodity prices going thru the roof, SNRS is just sitting on its iron ore mine where it could make $$$ or is it a dud mine? How about the potential news about how much of it could be mined over a period of how many years? Come on, SNRS, you can do better than that!!! We, the stakeholders, are NOT satisfied with your performance to date!!!!
Volume at 5 million today!! The last time that there was a huge volume spike in mid or late Feb 08, a few days later, there was a news release. Insider trading? Or just a bunch of MMs trying to wing it?
Let's hope they get their qtr results out on time & not be faced with the dreaded "E" filing extension.
The factory acquisition will drag down the net revenue to only 6 figures, that's my gut guess. Its probably financially draining.
gedi8, about your calculations, what about operating costs etc raw materials, labor cost etc? Revenue could be much less if factored in. Also, debts to pay.
Amazing! No trades. China plays out of vogue?
Is Cornell in this? They seem to stick their fingers into every pie they can get? Maybe that's why PPS is so shaky.
Did you buy in @0.007 or more? I bought @0.007 which I thought initially would stall there but it went down much further. I should had more patience!
Would it be better if we just report to someone in SEC or /and the FBI for commercial crime if it is??
Or a scam! But lets hope not cos I have a stake in this. But, as I said before, the scam thingy is getting stronger. But its a high risk after all with PKs.
Looks like its heading back to 0.002+ to 0.003+ once again. Seems to be the repetitive pattern. Also, is there some insider trading going on, with the jump to 0.004 before the release of the revenue results. If you track back 2 trading days before the revenue news, there was some gradual climb. So, are family members cashing in or business associates?