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it seems obvious now that everyone has realized (including me, although it's been about 6-8 months) that this was a scam from the very beginning. Tim and Chris are the epitome of evil, siphoning money from people trusting what they were saying. Yes, the goal for everyone was to make money, but not at the direct cost of other people or by deception.
They need to go to jail for this level of fraud. Awful. They've definitely inspired me to never trust companies ever again.
If my math is correct, after r/s the stock should be at $0.40 right? No way it runs back to $2 last year but maybe a small bump? God knows.
The only thing I know is Chris and tim need to rot in hell and have everything taken away from them with this scam. Never going to the otc again.
Nothing is good for shareholders with this company. This was and is a scam pure and simple. The only good thing that could possibly happen here is a small run with a low float before they pile on the dilution again like they did last year.
just fyi, "shorts" mean that you "buy" at a higher price (it's actually not buying at all; you borrow shares at a higher price), hoping the price goes down...then you sell at the lower price, and gain the profits in between.
I believe what you're referring to is swingtrading (kind of like daytraders, but over a span of days/weeks)
I was going to try to average down tomorrow because I'm in the middle of moving since it wouldn't be able to go down lower than it has..
I've been off the boards the last two days and saw it go up.. Good pr today, good for the q yesterday.. But man,now it's even worse because it won't reach pennies again because of the flippers :(
I posted a few months ago that if they dropped a pr after a Q, then waited a week or so, then repeated, got current, etc..it could run hard and close to the real pps that it should be.
Right now and realistically, this is how they should do it: Drop the Q, release a PR the next day stating the positive highlights of the Q. Drop the newest Q10 that's due (on December 15th at the latest), be 100% current, let it run a bit, then release another PR for the goals for next fiscal (mostly the same as last year's...which will actually fall on deaf ears for longs because it'll feel like lies, but it'll get fresh money into this)...
Best case scenario? 0.01-0.03 in a month.
I won't comment on what will happen though..but that's best case hypothetical situation.
yes, that's right, the bashers are the ones who didn't release prs after multiple deceptive statements, were late with multiple filings, and diluted the shares despite being asked directly that question in june.
yes, bashers.
Agreed.
And to the other comment, I feel the same if I could at least get a good amount of my money back, I'd be fine.. If not, as long as these guys pay for the criminal acts they've done.
Yeah but you have to remember that Q10 first quarter was only released a few weeks ago and that was due in May. We've had no pr from the company and no communication or transparency. At this point, this is a compete gamble (more so than regular otc or penny stocks).
The inclination based on history is that this is a scam to pay of management. Either they close the ticker or reverse split for the second time in a year (they have 20 billion authorized shares). BUT on the off chance that it isn't a scam, there is money to be made. It's only good for small flips right now
The last filing that was due was due on September 15th (2nd quarter Q10). The current filing (third quarter) is due December 15th.
Same here. Nothing can fix what's lost.. But there's always time to do the right thing. I think the same thing as you do though.. This will keep going down and we have no reason to believe they don't r/s this or close it completely. They've shown no reason for anyone to believe this thing is legit.
I think it's cute how the newcomers have hope and optimism as many of us did about 7 months ago.
Everything they say is exactly how it's supposed to go. Management just refuses to do the right things: be transparent, get current with filings, and caring about shareholders and the stock price.
this is a real PR statement. No forward looking statement needed here
what a jerk. Some IR person stating that shareholders are "wasting their time." A lot of criminals say that before they're convicted as well.
yup, i'm not letting this tiny run today change my opinion at all. It's still in trips. They still made deceptive statements and treated the shareholders as an ATM and burned every good bridge they had.
we may have disagreed about a few things on here, but you're 100% accurate with everything here. The stock needs to run into what the company is really worth versus just making small pushes for flips.
I wish I could get excited for a mini run like this.. But the only thing this does is make me jealous of the flippers that came in today and are cutting out tomorrow.
This will need to run like 10,000% to even be close to what it should be.
If people are seriously organizing a class action based on deceptive statements regarding institutional investor, up listing and timing of financial statement releases, I'm 100% in.
Because he needs more ivory back scratchers.
I thought it was already confirmed that they'd be there but they won't have a booth, whatever that means. They'll be shopping or staking out the "competition"
Although there's some activity, this is the quietest the board has gone in a while. And the $ amount of trades isn't too strong either. I sense this is going to deadland pretty quickly.
agreed...just would be fun if management was on the shareholders' side instead of against it
I agree with stop buying into the dilution...but slapping the ask doesn't help. People have tried it for months.
Also, based on the chart today, it looks like people ARE slapping the ask. It spikes up on the sell then drops right back because there's just so much dilution than it doesn't matter if you slap the ask, the bid just gets filled again right after.
their negotiations were sending an email to Warren Buffett. He never replied. See! all legal and legit!
look at mr optimist here, thinking this will hit a penny again without an r/s :P
It won't. It'll die with over a billion shares.
For every good story (and 37 tenths of a penny isn't a good story), there are thousands of bad ones.
I'm not saying flippers won't make money. They will. Anyone who has invested is DOA.
Someone also said that I was crazy to estimate 400+ million o/s by/in December. Looks like I was crazy already...crazy underestimate. It'll be a billion before end of year/fiscal
Back, i've liked your overall approach to this and such...but that's absolutely insane what you just said.
#1 I wouldn't recommend anyone buying this shit stock before the next r/s
#2 and most importantly, longs can't average down. They averaged down for months only to keep losing money. Yeah sure, there are a fair amount of people here who are rich. Most of us aren't. And those who believed the lies have at least a 0.01-0.02+ average with no money to use to average down. And to average down to any worthwhile number, it would drain anything left and possibly ruin lives more than it already has for a stock which will not go up again. This is in trips, and now will stay in trips until the r/s or bankruptcy/closure of the stock. The game is over.
more like he's out to lunch. hope he enjoys his meal on our dime
Yup same here. I feel like a piece of shit for recommending this to anyone.
Just logged in to see trips. That's officially it boys and girls. This ticker has died and only good for flips if it ever goes up temporarily during the day. All that fucking money gone. This is the most disgusting unethical thing I've ever been involved in.
Great post. We need a like or recommend button hehe
Good to get a reply from him and hopefully hell be more accountable towards the length of time for Financials.
It does scare me a little that he didn't even address the a/s reduction
it hurts me to say this as a long and a relatively high average, this is the only way to make money on this POS ticker until what you stated happens. Until then, this is a trade; not an investment.
Thank you for sharing your story. People think that anyone saying anything negative is a "basher"...but you are one of many stories that got caught by deceptive statements and it just really hurt their personal life. Here's hoping everything works out for you
No way man. I do this on the side. I don't expect to make tons of money or be a millionaire. I'm not one of those "buy a yacht" or "to the moon" people. I made some money flipping this soon after the split. Then I re-invested when i saw the statements from the company talking about the 10k, revenues, intentions (institutional investor, uplisting, etc.)..and like many longs, I believed the deceptions. Not scared to take a loss when I guessed wrong. But like most who are angry, it's much more frustrating when you lost money because you were lied to.
The raising the pps part isn't happening. Way too many people new people to this board diluting (pun intended) the path this stock has taken. If you invested money in the past two months or so, sure..plenty of reason to be optimistic and more than easy to get your money back/break even. Anyone over 3-4 months is DOA.
see, comments like this is what would push away any true investor. Flippers/traders? nah..'cause they don't care and there's nothing wrong with that. But any investor? nope. This board is super toxic. Much like FLES notes.
that has nothing to do with it. There are going to be 400 million+ shares by the end of the year. And the third quarter finishes tomorrow, so they'll have 45 days to get another Q done or they'll be back down to two Qs behind.
It's heading towards trips. And it'll have much higher than 150-200m shares. As I mentioned, more notes are being converted.
The 9m revenue and real business bullshit is what's been pushed for months and look where it got us.
Yeah.. And I'm getting really tired of this board. It's starting to sound like the standard stocktwits pump. Either people giving this a nonsensical pump when the data and activity isn't there... Or saying time to average down! Except you know.. When you ha e tens of thousands in this shit hole of a company and you don't have anymore to average down and you're still at like a nickel which we'll never see agai without a r/s
Also.. Averaging down is moronic whe everything is telling us is going to trips.
Hope everything goes well with your visit if you do choose to go.
Take in the knights game! I hate the Habs (:p) but I've been to a couple of knights games when I visited Vegas the last two years and the atmosphere is always amazing.. Great experience. Enjoy it dude.