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That's the one thing about GBDX. They never made any outlandish claims to pump the stock. It all looks pretty modest to me. They just need to be more transparent. I'm still worried that it might be some kind of scam but we should know the answer in a few months.
Thanks for that. I would say that's a big red flag too. I will continue to leave this one on my watch list.
This one is on my watch list as well. I see that they are on the OTCBB. I also see that they make some filings with the SEC. But I thought to be on the OTCBB you had to have audited financials. So I am confused. It looks like, on an unaudited basis, that they are making money.
try using the search option in the upper right hand corner. That will find the posts you are looking for.
Did he give any idea of when they might turn profitable? Thanks.
Response from Scott
Pilot's transaction with Efficas has allowed us to began the fundamental steps of bringing the company out of dormancy. We still have a long way to go. Extraordinary efforts have been made to determine the quality of our IP, visit past tax issues, re-assemble a board and meet with senior creditors. We still believe the science behind Pilot is very good. Thank you for your inquiry. Scott Derks
My Question was
I've read from your website that you have licensed rights of Airozin to Efficas. Does that mean you are collecting revenue from them? I was just wondering if you have enough revenue to keep the company going until your other products are released.
Any info would be great. Thanks!
I think I got in just after the Cannery, and I do remember a number of their shares came off restriction which probably caused the initial down. Without a short theory I don't understand how this company is valued at .005
Janice, I've been in this one for several months now. We have seen some serious selling of shares as the price plummeted to sub penny status. What gave me confidence to hold was that the TA wasn't gagged, so at least I knew they weren't diluting us. But from what you are saying there has been no serious shorting going on during that time (which may or may not be true). So could you give us a theory on how we were being screwed...like were they selling unregistered shares? Is there a way to lower the outstanding shares and still be screwing the shareholders by dumping on them? Also, what is your take on the SEC fillings for this? Appreciate your knowledge and I remember how you got banned on the SLJB board -- but I have to say I wasn't overjoyed to see you posting on this thread. The TA now gagged and Janice shell posting. That's a couple of big red flags in my book.
I agree about the buyins report. From the stocks I've seen the buyins PR didn't have a significant impact on the stock.
The TA being gagged is now troubling to me. That was one of the lone bright spots in that at least we knew they weren't diluting. Now I'm not so sure. We are basically blind waiting for a company that really hasn't done much to prove itself. The SEC filings are one thing but it doesn't prove much to me. The buyer can simply walk away and leave us holding the bag. It seems like just a way to pump the stock to unload a bunch more on us.
I think Janice raised a good question about why GBDX isn't on the REG SHO list if they have this huge short interest. So until somebody can explain that I think we have a real POS here. This is now a real long shot at this point. Somebody has a endless amount of shares to sell and if it's not naked shorting then who is it?
I would like to think this stock is a legit business. But the only proof I see is that they have a couple of offices.
Sharky, good point. Hell, even the POS SLJB had a couple big runs before it collapsed. We just need more concrete information.
Yup,
Just like this one from PLNI back in October.
http://biz.yahoo.com/iw/061026/0176997.html
It says on their website that they have "licensed their respective rights of Airozin to Efficas". Does anybody know if they are collecting revenue from that yet?
Bret, with all due respect nobody here knows for sure if CKYS is making any money. I agree there was an illusion of prosperity this company put out but nobody knows if it was financed by selling shares or by real profits. At this point only an audit could prove that, and we've been waiting and waiting for one, which to me is a big red flag that things are not as prosperous as we had hoped.
Good luck and let's hope for the best.
I hear you man. Never thought the Tigers would make it back to the World Series before the Lions make it to the Super Bowl. Maybe Leyland should just coach both teams.
From my limited experience it's best to stay away from any stock that has a lot of bashing and shorting...SLJB...CSHD...CKYS
I personally think the pumpers and bashers work for the same people. Pump it up knowing the company is a scam or has some serious flaw, and then when they shorted enough at the higher price, they release the bashers...and what do you know we have an SEC investigation. Funny how that works.
I agree with your post. Once again the shorts seem to know more then us average joe's. Will they ever lose? I could be wrong but it seems that the large shorts are usually the first to spot a scam. They don't usually attack a legitimate company.
If they are making money then there is no way shorting can put them out of business; it will just hamper their expansion plans. It doesn't seem smart to short this stock. From TAKI's report it looks like the cannery had a decent short position so maybe they got trapped from that point and were forced to drive it down. I'm hoping for a cash buyout but I don't think that will happen. A merger wouldn't force any covering IMO. But audited financials would then be the savior.
Hey, Ronnie, do you know what there wouldn't be a PR from Buyins about the large short in this stock? Seems to me I've seen PR's before that mentioned large short interests from that website. I think PLNI was one of them.
RRM, I am just wondering how they come up with the money to purchase this company? Did they get a loan or something? What am I missing? I thought this company was kind of short on cash, etc.
I couldn't agree more. This shell should be worth a lot more then what they bought it for.
Can anybody explain the relationship that ALMAZ has with ALROSA? Are they part of ALROSA?
I had that happen to me once...I learned to chew my food more properly at an early age, that cleared it all up
This stock is either a total scam or it has been shorted to death. I don't see how else it could be selling at these levels. There is definitely something illegitimate going on here. The PR today should have sent it skyward but again we are down. Really fishy.....
I agree. I wish they would do this more often. There's too many pump and dump pink sheet scams. At least this will make it harder to pull one off in the future.
I kinda feel the same way. My first thought when reading through the list and finding IPKL was that I don't have to worry about it going down for the next 10 days.
The part I worry about is the large increase in Authorized shares. I hope it truly was for acquisitions but I'm doubting it now. They may have been financing their operations by selling shares and of course lying to us...they wouldn't be the first pink sheet company to do that.
Whew! Only one of my stocks made the list. IPKL! And I'm glad they suspended trading because all it did was go down. Looks like I can look forward to 10 days of stable prices.
Cowboy, even though I was hurt by the SEC suspension of CKYS I am glad they are being more active in the pink world.
GBDX. Ever see a turd file something with the SEC concerning a potential buyout/merger? I'm dying to hear some informed comments on this!
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1380222
I'll settle for 10 cents. If this company is real then there is a bundle to be made.
For some reason though I'm thinking SEMCO will be the real performer that will drag us out of the pit. Seems like their potential market is huge and their products are great. I could be wrong though...but we've been getting good news from them.
I'm hoping he announces the new distribution deals. That's more important to me then 3rd & 4th qtr numbers.
RRM, do you think the third and fourth quarter statements will even show a greater improvement? I'm hoping so. Looks like Turek is finally delivering the goods. I wish I lived closer to New Orleans so I could go to the shareholder meeting.
This one does look like a winner to me, especially in the long term perspective. Haven't bought any shares yet but I have been watching it.
Looks like you timed your GBDX purchase to perfection. No wonder you have so many membermarks. You're definitely on my list.
Good luck!
I guess we all had the feeling something was brewing
Wouldn't that be something if Alrosa was the one wanting to buy them out! I guess that might be a little far fetched...
If there really is a large short then this could trigger a stampede to higher ground. I like how the mgmt now seems to want to pump the stock, which is good for us all. I think just the shell by itself is worth 2 cents a share.
Well, not sure what to think about it. If it really is a legitimate company then it should be a buyout candidate since it's so cheap. I guess nothing is final so we'll have to wait and see. At least now they are pumping the stock. Ha, and even if it is a scam it's still undervalued!!!!
Good luck
Amen to that brother Logan! But I have to confess that Willy is the one who turned me onto this gem...BUT AT 4 CENTS! Ouch!
That stock is on one helluva run...are you sure that CEO isn't related to Rufus?