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It may not do any god but I fully intend to bring attention
to any investigative agency which pursues this matter to see
if there is any possible involvement of the individual to whom you are responding withthis alleged company, which is looking more and more each day like a 100% scam.
The only sure thing is that if as I suspect, this turns out to be a total scam, I will pursue this to the nth degree with my various contacts, with links to this thread so that if anyone hopefully in the SEC or otherwise chooses to pursue it, they can follow the entire flow of conversation/pump which led to the pump and then quick dump of this alleged newly formed company stock.
If nothing else, I will have satisfaction knowing that I did the right thing.
Thus is going to probably be my only post of the day and is intended for mostly for newcomers to this tread and/or those who are new to investing.
All I am going to say/repeat is that based on my fifty years of investing, which includes owning the highest proven and highest quality stocks out there as well as to a tiny extent unproven and hyped penny and in this case sub penny stocks like this one, is beware because the odds of any of them succeeding are miniscule.
They trade at the price they do for reasons and seasoned and successful investors either avoid them entirely or invest only money they can COMFORTABLY lose if the company should go belly up, which is what happens in the overwhelming number of cases or at the very least lose 99% of their value.
As stated previously, I own quite a few shares myself and am way down, but as stated before, compared to my overall holdings and valuations, the money lost here on paper for me amounts to a fart in the wind.
I am pretty sure it will bounce around here and may go up a little from its present level, meaning that if you want to have some fund and trade it, then sure go ahead.
Beware of bs 5000% upward predictions like stated here for the simple reason that historically speaking those making them are simply trying to pump up the price in the short term for their own personal gain and will be exiting shortly afterwards if and/when the stock rises.
I am not personally adding one share myself at ANY level.
If I am wrong and there is some truth to what I perceive presently as the bullsh t news of late so far, I will gladly admit I am wrong and will have some additional "lunch money" to that which already have.
Good luck to all who either already own shares in this company and/or add to their positions and of course those who are considering adding to them for the very first time.
Most importantly do your own dd and don't be swayed by self serving pumpers who don't give a rat's ass about you and are here either on their own and/or who are paid by people associated with the company itself, which in many cases is a shell company no matter what the news may lead you to believe.
That's it.
I didn't intend to come back so soon, but as a seasoned veteran in the stock market for 50 years with all kinds of quality stocks as well as penny stocks, the quick downward slide in stock price after quick rise has all the symptoms of a pump and dump scam with all kinds of questionable news/ contracts, collusion and of course pumping.
Also as large retail investor(lets just say a "few more" shares than the 200000 that were traded today), which is in reality peanuts in consideration of stock price, I am not happy with this and am documenting everything which has occurred.
If this regression in stock price, I intend to bring this to the intention of the SEC and/or find out which agency I should contact to investigate this company and the veracity of the recent news.
I am sure many disagree with me, and that's your right and hopefully my suspicions will end up unfounded.
I don't intent to debate it though with anyone.
To be blunt and until proven wrong, I smell a rat here!!
ps I also intend to send a link of this thread to the SEC and
anyone else who I think may want to get involved.
Last post of the day.
I heard and saw the same kind of sh t during the .com bubble a number of years back.
The overwhelming number of them are either out of business or trading at a penny or even less.
Hopefully that won't be the case here.
Unless you send me another pm which I cannot respond to in the same manner, I am going to stay away here until I see some real news and/or upward sustained stock price movement.
I am not saying this is the case here, but collusion between cooperating folks with an intent to pump up the stock price with
bogus contracts, fraudulent letters of intent, happens all of the tme.
Also just because this company changed from a failed one regarding cures for cancer along with other pet products to one in the marijuana business means NOTHING.
Just as was the case in the auto industry years ago and other industries, most will fail and few will succeed-asi es la vida.
Until/when/if this stock shows me some tangible profits, I will remain hopeful but also very skeptical.
Thats it for today.
I have been inactive for a while, but was a big particapator and contributor at a stem cell company which merged a few years back with another company.
I have made lots and lots of money with proven and solid companies and have net worth in 7 figures exclusive of my 500K home which is all paid for.
if you would like to wager on that for any amount you like with the money to be held in escrow, let me know!
Of course I bought higher.
That is totally irrelevant to what you are trying to here,
namely to pump this sotck for personal gain only, which has proven to be a totally failed method.
The overwhelming number of people do not buy a penny stock base on what a Joe Blow says on a website.
Thank you.
I was hoping you would do that so that I could forward it
to Administration to determine if you are abusing your moderator role her.
Proofread what you write next time as your post is very incoherent.
Whether you want to believe it or not, I have a LOT of shares and haven't sold ANY.
I am veteran of those chat boards and folks like you are prevalent everywhere and are rarely successful.
Their mindset is find a penny stock with some news and then pump
it with bs so that if and when it goes up, they will be the first ones selling it to try to cash on.
You are not talking to a novice here,my friend.
If you are really sincere about this company, you wouldn't sit here pumping it all day long, which does nothing but cast huge doubts about both you and your motives as well the prospects for the stock.
I responded only because you sent my a pm, but were so cowardly that you blocked me from responding back to you in the same manner-that says volumes about you!!
Keep pumping, pal, and perhaps you will find someone dumb stupid/naïve enough to believe you.
ps If you keep pumping your own website, which has nothing to do with this one, I am going to report you to see if this kind of stuff is acceptable!
All you need are the hat and megaphone now to make it official.
You might want to try Amazon or EBay to find them. lol
https://images.search.yahoo.com/yhs/search?p=cartoon+of+a+carnival+barker&fr=yhs-shnl-001&hspart=shnl&hsimp=yhs-001&imgurl=https%3A%2F%2Forig00.deviantart.net%2F47fe%2Ff%2F2012%2F331%2Fe%2F6%2Fcarnival_barker_cartoon_character___nj_deals_logo_by_gcoghill-d5mda1v.jpg#id=3&iurl=https%3A%2F%2Forig00.deviantart.net%2F47fe%2Ff%2F2012%2F331%2Fe%2F6%2Fcarnival_barker_cartoon_character___nj_deals_logo_by_gcoghill-d5mda1v.jpg&action=click
Step right up folks!
Everyone is a winner and it only cost you (in this case) a penny
or so!
This is the one opportunity in a lifetime to make you filthy rich beyond your wildest expectations!!!
I am obviously being sarcastic but that is the feeling I am getting here.
Load up you say?? lol
As stated previously, I already own PLENTY of shares and will not be sucked in to buy more by carnival barker type pumping until/if/when I see that this newly formed company really has some legs.
Sorry I learned the hard way a long time ago that penny stocks at best should represent less than 1% of one's overall holdings.
Not to brag, but my 85% of my investments are managed professionally in high quality and PROVEN companies and it shows in the amount of money I have accumulated over the last few years.
Good luck though!!
If I had a dollar for every time I heard overly positive excitement over the years from folks like you who promised that the particular stock in question would turn out to be the next Microsoft, Amazon, Google, etc., I would be rich beyond belief.
Again, I advise everyone to be extremely cautious here before going hog wild in investing in this company and/or adding or for that matter ANY penny stock.
I own two marijuana stocks, one which has done extremely well(CGC-I bought it near the low)) and another which has turned out so far to be hyped and unproven garbage(MJNA).
Imo until proven otherwise, the old "Let the buyer beware" applies here as it does with any speculative investment until/if/when there is some more evidence to indicate good prospects for profitability.
Sorry if I am raining on the parade, but I am just trying to throw in some reality here based on my many years of investing in all kinds of stocks including speculative ones such as this one.
As an investor who owns a significant six figure number of shares accumulated over the years and a person who has been investing in the stock market for over 50 years, obviously I was happy to see the nice spike in the stock price last week as frankly I had given up and had just written it off as a bad investment.
I am well experienced in penny stocks and have plenty of losses to prove it.
What I am saying here is the fact that there has no follow through today and the stock is down concerns me a bit.
I sure hope for the sake of myself that this doesn't turn out to be simply another pump and dump stock.
For now I am hanging in there, but until/if/when I see some positive SUSTAINED upward movement in the stock price, I will
continue to have serious doubts.
That said, good luck to all and that my fears and concerns turn out to be unwarranted.
Is there anyone out there who knows the reason for the little spike upwards of late and increased volume especially today?
Has the company discovered a product that will grant animal mortality and/or at the very least allow them to outlive their owners? lol
For me the only good thing will be WHEN this company takes in its last breath and is delisted/goes out of business, as it will create a very large write-off for me to use against some of the gains I have been when I do my taxes next year, the year after, or whenever this company officially goes under.
Right or wrong I took a position in GE near the lows of the day.
I did the same thing when BAC was around $11 and everyone was trashing it and cleaned up.
I feel eventually the same thing will happen here even if it does go lower from here.
I am convinced more than ever that some of these analysts trash stocks like GE only in the hopes that by so doing that they will get the price to go down even more so that their firm can grab shares on the cheap.
ps That is my take/opinion, and I am not going to engage in a debate over it.
Only time will tell.
I will return here to discuss things if there is a big move one way or the other.
Good luck to all longs!
Perhaps whoever is in charge of this failing company should change it focus of emphasis from veterinary medicine research to terminal stock cancer research because that is exactly what faces the remains of this company which is barely breathing and gasping its last breath.
imo totally meaningless and wishful thinking at this juncture, the same as it has been for a long time.
You could be right, but imo it is just as likely that the two large buys could be related to collusion and/or manipulation with the mm's to grind out some money during the next little unexplained spike upward.
In short until/if/when I see some positive news from the company itself re: its products, imo there is no basis to conclude that the stock is about to break out on its own to the upside, and that doesn't obviously include manipulation.
If you mean the mm's are ripping people off both on the buy and sell sides by the wide spread, then yeah I would tend to agree.
On the other hand for example if you mean that one or more of the mm's or someone else has positive inside information about the stock known only to them and is trying to accumulate/manipulate shares for their own benefit, then imo there is no basis for this conclusion at this time.
Doe someone know something that we do not?
I mean it is pretty significant when some investor sticks his neck out and invests $10 to buy a whopping 1000 shares of this undiscovered "gem."
I am as "inspired" to think about this company and its prospects about as much as I am inspired about the probability of leaving an ice cream cone in the middle of the Sahara Desert in 120 degree heat with no clouds, coming back an hour later and hoping/assuming that it will still be 100% intact and ready to eat. lol
If you follow most of the people who claim to be experts over any period of time, you will suffer the same fate as a lemming. lol
Personally if this company is headed for bankruptcy, which I strongly suspect, I just wish they would get it over with already so that I can get it off my mind and write it off against some nice gains with other investments while planning in advance for my taxes for next year.
What kind of "wonders" will there be if news is not good news?
Perhaps symbolically and appropriately this company should concentrate on producing a new improved cat litter and test it out by having a cat bury and coverup its normal mess and a piece of paper with the current stock price written on it!
As you can see here, the field of which Petlife is a part and competitive with established companies,and poor prospects/diminished earnings can and result in a big drop in the stock price very quickly.
Imo news like this is not exactly a ringing endorsement to buy PTLF, a financially struggling companies selling at at .006 and with no positive news of any kind in a long time to give an objective investor reason to buy it.
https://www.schaeffersresearch.com/content/news/2018/07/09/analyst-dump-this-drug-stock-now
Are rose colored glasses on sale this week?
Perhaps all of should buy a pair at this point.
Seriously, I would love for someone to point out to me something specific regarding news/progress of the company itself currently to get excited about rather that what I simply regard as fantasizing because the stock price fluctuates once in a while and blips up a penny or a fraction thereof.
For that matter you will probably need someone to pick you up also.
"Pick me" up when that happens as I will probably be dead. lol
It could mean anything including a manipulated 52 pick-up collapse.
The .0175 which someone paid today seems suspicious looking/manipulated to me.
Maybe I am 100% wrong but sometimes I get the feeling that these unexplained bumps are to try to get people to think something is in the works when it is not(market manipulation)so that some folks will buy, which in turn may result in an even higher price and allow those who are in control to unload shares at a better price.
As I have stated/implied and as a pretty significant retail shareholder, I perceive this company/stock as a lost cause but am holding on in hopes that I am wrong.
I don't quite get what you mean.
What momentous event is supposed to happen in July which give clarity to what is going on and hopefully bring some hope here?