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Michigan has several hundred thousand Medical Marihuana (Michigan spells it with an 'h')Card holders. Someone is growing it.
Reverse split does not affect Authorized Shares.
Only time split affects Authorized Shares is if a forward split causes more outstanding shares than Authorized Shares; then company must increase Authorized Shares.
Few profit takers???? There are very few profit takers if you bought this in last 2-3 days; but lots of bag holders.
Looking at the chart, looks like it was preloaded on Wed, Thur Fri at .0010 or so. Are those the people who pumped and are selling to everyone now????
Something up?? Seems to be new interest, chart looks great, new CEO. Could be headed back to .18 or higher.
See pumpsanddumps.com for info on what's going on with SVEN
Now Fri instead of tomorrow?
Sounds good!
Maybe he went to get a dictionary or english writing book to improve his spelling and grammar.
Nice strong close on a summer Friday. Hopefully portends well for Monday and next week!
Wow! Over 600% increase in daily vol and over 90% increase in pps. Will hit a lot of scanners today and tonight.
Sorry Rule 15c-2-11
Google Sec Rule 12c-2-11. Certain reports haven't been filed.
It's here. .0001
Been in this for awhile. With reductions in shares and float, any news will move this up quickly.
GNCC down over 43% on much heavier than usual vol. What's up with that??
Great write up on GNCC on pumpsanddumps.com. NOT!
STWSE 9/2/11 "buying all I can under .065. Target .20 to .40"
Now .03. oops!!
This morn was a good example of when stop losses don't always work. Willing to bet a lot of people had their stops triggered and then saw stock bounce back up after it was sold at a lower price.
Strong Close. Heavy volume. Closed near HOD. Something's up. Maybe news??
Strong Close. Heavy vol. Ended near HOD. Somethings up!!
Form 15 was filed March 17, 2011. Means co no longer has reporting reqmt's and doesn't trade on OTCBB. On 3/18/2011 began trading on NBB. Lots of pinks don't file reports.
Yes, construction and getting all permits, approvals, inspections, etc, can be very time consuming. What's scary is that it seems the lease hasn't been signed yet. I've negotiated and signed almost 100 leases for commercial retail space (some were 85 pages long)from different landlords. If it's taking this long to negotiate and sign the lease, something is wrong. 95% of any commercial lease is boilerplate. You should be able to read the lease and make corrections in 2-3 days max. Getting final agreement on terms from a large corporate landlord may take some time to go through the corporate heirarchy, but not this long. It's a store in a strip shopping center - it's not rocket science.
At 2:25 a paid subscription service called an alert on SSHS. Recommended getting in at .0005 with potential resistance tomorrow at .0009 and .0014. Let's see if that moves it.
Interesting. Have had order in to buy 25 million at .0002 for several days. Have not even had a partial fill with etrade.
Ed Hale is going to have a hard time getting this back over $1.00 for 10 days to keep from being delisted. Today was brutal!
Got immediate fill on 10,000,000 @ .0004
I got filled today for 8.5 million shrs. Order has been sitting there for weeks.
Just noticed that Bloomfield has sold their position of 7,500,000 shares without a word about it. They never talk about their losers.
Google 'electronic cigarette' . Lot of co's already out there.
Hate to be a nitpicker. If you sold 1/2 of the original and then 1/3 OF THE ORIGINAL , you would have 1/3 left. If you sold 1/2 of the original and then 1/3 of THAT, you would have 1/6 of the original left. But I'm sure everybody knows what you meant.
What do you think all those MLB, Nascar, tennis and other organizations are going to do when they find out that the company that has a banner hanging in the outfield or on the car is being investigated by SEC.? Whether SPNGE paid for it or not, it won't matter. People that are putting a positive spin on this investigation are living in another world. GLTA.
Kind of like being on the Titanic after hitting the iceberg, everyone scared to death, don't know what is going on, and then an announcement (PR) come over the ship loudspeaker: we are now offering a free buffet in the top deck and two for one drinks in the pool bar -wtf?- is this management in touch with the real world.
It will take you about 30 seconds to Google her and see her background, education, etc. Writes for Dow Jones Newswire and Wall Street Journal. Seems like a pretty credible journalist to me. As I said, people will see what they want to see even in the face of contradictory info.
C'mon people!! Kate Whitehouse is also a reporter for Dow Jones Newswire and a frequent contributor to the Wall Street Journal. Over 99% of SPNG sales from companies that they can't locate. False addresses. Telephone numbers immediately disabled. Web sites 2 weeks old. Do you think she did article without ANY DD??? Not likely. New York Post doesn't want to be sued any more than anybody else. I don't think she would risk her reputation on the article without doing some investigation.
A lot of people are refusing to see what is right before their eyes.
You can sell for a loss up to and including the the 31st. It's the trade date, not the settlement date, that determines when it was sold.
Keeping a low profile. Trying to keep a lot of powder dry for the right time. Would rather be a little late than early. Early bird doesn't seem to get the worm - so far seems to get eaten instead.
UH-OH. Shakerz paid $35,000 for 2 weeks of mkt awareness. Here comes the P&D.
May not have been the co. Could be someone or a group that owns a large number of shares. Shakerz is a well known 'pump and dump' operator. Usually he is engaged to highlight a stock right before news or a special event is about to happen with the co. Let's say you or a group own 300,000,000 shares that you bought at .0001 ($30,000). You pay Shakerz $10,000. He has a large following. He highlights it and news comes out and stock goes to .0004. You sell for $120,000 minus Shakerz's $10,000, your profit is $80,000. Problem with Shakerz is that stock price usually falls back when everyone sells. Could even be co. wanting to get price up to sell more shares to get funds for production, etc. Have to sell a lot more shares at .0001 than at .0004 or higher.
Lets do a math exercise. Let's ASSUME worst case that all 10 billion shares are outstanding. At .0001 company is valued at $1,000,000. Let's assume 3 stores are open and 2 web sites (mn99 and Invogue)are up and running. Let's further assume that each of the stores and each of the websites make an average yearly profit of $150,000 - not a whole lot for a dollar store or website but that's $750,000. Since this is a new growing company let's use a p/e of 25 and we have a market value of $18,750,000. That's 18 3/4 times higher than it is now , meaning the share price under those conditions should move to .0019. Don't forget that 6 months ago share price was at .005 with no stores, NADA. That's why I own it, not sure of everyone else's reasons.