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It's been like that for well over a year now. I personally believe most of these over enthusatics are really short sellers doing everything within their powers to urge people to buy in the face of this near total stock meltdown.
Can't sell cause commission is more than my shares are worth.
This is nothing but a pure scam, IMO!!!
Who in their right mind outside of a criminal would ever, ever, ever, spin off a company which share price prior to regular trading is only .001?
Surely this is not even close to reality!!!
...lol
...must be the pinks!!!
Sell it for what, the going price of .001 which it currently sets at?
No, i'm not able to dump it yet or I would have earlier for certain!!
TPHM shows trades going through..
The bad news is that the price is under a penny.
Just what we needed, another subpenny POS!!!
Over 100 million shares traded today so far.
Looks like major dilution going on because the pps is stagnated.
It's the 5 billion A/S that turn people off, and when they see how management was very sneaky with regards to the 8K, then they already assume dilution to the full extent possible prior to a reverse split.
After the Reverse split look for fluffy prs to lure in more investors and then the process starts all over again.
That's just the way it is with nearly every single pink sheet.
You are correct. The 8K was more than enough proof. What other company would ever report just a few hours before closing on a friday afternoon that the 8K should be ready within a few hours? Especially knowing full well how many were biting at the bit for weeks just waiting for that release. The was the last real runup this stock has seen in a while. I fully believe management manipulated it to the fullest extent possible.
That 8K spelled doom and clearly showed many of us what kind of folks we are dealing with.
The company has negative earnings, the 10 million is not real.
MY MISTAKE, A/S is 5 BILLION SHARES! Soon to be 5 billion O/S shares, IMO!!!
I still think the pps is way too high. Based upon the financials and the O/S of 5 billion I really can't see it not dropping down to .001.
I think that when it drops to .001 the company will do a massive split and then pump out a whole bunch of prs in order to coat it over and soothe investors.
Price will drop substantially from here once people figure they are locked into getting the spinoff shares, imo.
We've already seen it once, why be fooled a second time around?
Nice action today but still needs to have another 300-400% rise for most of us to break even. When they do fall they fall HARD, FAST, AND CONTINUOUSLY!!!
I believe the stock will hit .001 in the next few months.
Everything seems to point to deception and the 5 billion Authorized Shares just does not sit will with most investors.
The 8K said all that needs to be said about where this is heading... I M O
Everyday getting closer to my buy in price of .001. Hopefully will be able to pick some up for a good bounce.
And you have proof people are short this stock? I'm of the opinion that nobody is short and it's just a case of people selling because they are demoralized by the 8K.
I hope buy at .002 but only for a bounce. Yes, I do believe it is headed in that direction. Disagree all you want but I know most here are also just looking for a quick flip anyway.
Never fall in love with a pink sheet company because the risk/reward is always found wanting.
It's best to trust the 8K where it says there will be a R/S. Look at the sneaky way they slipped out that thing last friday! It takes some time to slip all them 5 billion A/S into the O/S. When that is done, (not in the near foreseable future you see because it takes time and sneakiness) THEN WE MAY SEE THE REVERSE SPLIT.
ALWAYS TRUST THE 8K OVER THE PR'S...
So why am I still bannned from posting on the FCCN board..
PMs have all been ignored till now, so I have to once again resort to bringing this to the attention of other posters.
Surely someday it will be resolved.
The price spike on the 10th most likely represented people wanting to get in on the dividend prior to the close of business...next day those people bailed as can be seen by the "falling off the cliff" price action.
Settlement takes 3 full business days.. Thus,, you buy on the 10th,,,, the 10th-11th equals day one,, the 11-12th equals day 2 and the (excluding weekends and non-business days)12-15th equals day 3.... End of Business day on the 15th the company now sees who is entitled to the dividend.
Is that simple enough?
So then it looks like I will not recieve the dividend. I bought shares on 23 Aug and had a sell order for .01 which went through on Oct 10th,,, on the following day, yesterday, the 11th I repurchased shares.
Thus I sold on the exdividend date which excludes me and repurchased the day after the exdividend date which again excludes me from receiving any dividends. Perhaps that was the sole reason for the runup in price.
Nice sarcastic answer... should i have expected more...
Next question? YEAH RIGHT!!!
Give me one GOOD reason why I would want to be a paying member to a site that bans one of my very first posts on a board where I saw major abuses taking place by both admin and moderators???
FCCN
I still after all these months have not recieved a reply as to why I was banned from the FCCN board. I would suggest other posters take a look for themselves at that board to see how a scam is run.... Silence any opposition, whatsoever!!!
I still don't have my shares yet.
Perhaps they will drop it down to .0001 again. Give us our shares and do another split. Or perhaps we won't even get any shares at all. I've got another company that did the same thing and here it is 3 years later and still dont' have my shares.
Wouldn't put it past them.
I can almost guarantee that within 12 months there will be another 1000/1 reverse split.
The CEO already knows that even a second grader can write prs and entice people to buy...
Hmmm.... our stock is low so we want it to go higher...
maybe it's funny but look at the prior prs' .... The CEO stated something like,,,,This ought to add 1 dollar to our share price. and that while it was trading around .005.
Why aren't these people being arrested for fraud?
Didn't you people listen to me? I told you that every single year this stock has a 1/1000 reverse split. Check the charts and history for yourselves.
The CEO belongs behind bars as far as i'm concerned.
Will the Reverse news be sprung next week?
For the past two years the company has performed a 1000/1 reverse split... THAT'S TWO OF THEM IN THE PAST TWO YEARS!!!
Yes, there will be another because this is one of the most lying, scamming, conniving pink sheet companys out there.
Just Imagine, if you happened to have 4 billion shares of this company 3 years ago today you could boast a price of .40 that's right 4 billion shares is now worth .40 cents. There is no limit to the greed. Just look at a chart... ever wonder why this was showing well over 20K per share? Dilution, Baby!!!
I promise you there is a reverse split coming and the CEO will pretend that he is doing the shareholders a favor.
When will you people realize you've been scammed?
Just how low does the thing have to go before the "I GOT BURNT" light finally switches on?
.0001 and a reverse split are right around the corner.
Oh really, I am the first one who called the dilution on FCCN and got banned the first day. Guess what....DILUTION,,,, BIG TIME DILUTION, just like I had said.
Here it's even worse, many of the pumpers already know it but for the sake of luring in the unexpected they will just chime in about upcoming news and great things.
It's a major scam people!!!
OILNDAGROUND comes on just a few days ago promising all this news and you people are believing he is legit???
I see him as nothing but a scammer. I see this company is a scam and expect a 1000 for 1 reverse split followed by a name change real soon.
As for news? Yeah, there will be news no doubt, but will you be fast enough to bail on it or will you be the one left holding the bag?
Personally I believe the CEO and his buddys shorted the company with the intent to sell it off and then never need to cover. It's called criminal activity but it will go on until someone blows the whistle and turns them in!!!
Don't go blasting me for negative posts for what I see as criminal activity, cause that's just really going to piss me off!!
These are my opinions, go get your own!!
It's called dilution, and don't pretend you don't know why it's down. You are dumping and you know it.
This is a publicly held company thus, when I bought in I became a part "owner" of the company... Now, if my "partner" lies and cheats on his end... Then you can expect i'm not just going to set back and do nothing.
COME ON PARTNER, SHOW ME THE BOOKS THAT YOU'VE BEEN COOKING BEHIND MY BACK!!!!
Stock down 28% today and still dropping. Expect it people. Was anyone really looking for something different to happen today? Didn't you see this coming??
I'm down nearly 98% on this stock, so I will freely share my opinion of the outright lies the company has puked up over the last few years.
Nothing but outright lies, deception, and corruption... I GUARANTEE IT!!
Momentum play? The only one who is playing and making money is the CEO and the shorters. This stock will never see .001 again!
I see we have a new pump & dumper onboard. Listen people, this stock is a total scam, if you haven't figured it out by now then you have a real problem separating fact from truth!
Tell me what would be so sweet about seeing .0003 again? If it goes down there then rest assured it will never again see .0004.
I guarantee it.
Don't blame the mms on this fiasco. It's obvious they are having a hard time propping the price up with all the dilution going on!
In my opinion the CEO should be in prison for fraud.
Momentum plays are pure gamble. EOM
p2d = pump to dump... And you aren't fooling anyone.
We all know this company is going to do another reverse split and anyone who says differently is either a liar or very naive.