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No buying, you are right, but I am selling. The last trade was mine. I dumped my stock and it barely covered my commission! I netted about $15! I need the tax write off this year. I feel good just to get rid of GGII from my portfolio. I learned alot and time to move on.
Lets say hypothetically that Green Globe really had something of value and the company was poised to take off.
Wouldn't it just make sense for the major shareholders to buy up the remaining shares, go private, and then go public again with a higher stock price? It wouldn't cost very much.
They could open themselves up to lawsuits that way, and it would be difficult administratively but it would make sense at least to me.
I shutter to think why they went to the pink sheets. This means no more audited financials, right? Doesn't matter. I already wrote this stock off. Doesn't matter if I sell pre-reverse split (I RS is coming I'm certain) my stock is only worth $50! The value here is in the tax write off!
That might be the dumbest press release I've ever seen. Why not just file on time to start? How hard can be to file on time, its not like they have any revenues. My stock is worth about $50 right now, the tax write off is worth a bit more. Look at that way I lost only 72% instead of 99%!
This isn't just dilution, there has got to be another word for it like super dilution or something to that effect.
I know most of you guys are traders, but as I mentioned months ago on this board, I believe their bioreactor makes them an attractive acquisition candidate. It could provide a larger company the scalability needed for mass production. Speculative here, but we could have a winner.
Well let me add this. I've flipped flopped on this stock several times so bear with me.
Hypothetically, and this is a big hypothetical, lets say this brand does have "incalculable value" as Mr. Peacock says. They will 100 million to one reverse split and take it private. Right? How much could it cost to pay us out at .0002?
Either way, we lose. We (average shareholder) can't win here.
Is the above legal? Probably not. The SEC clamps down on that pretty hard actually but I doubt they care about these crummy stocks. They've got bigger problems.
That is possible. Most places just cut and paste the Qs and then go in and change the numbers. Maybe the just forgot to change the narrative as to the source of the revenues.
Who is buying all of these shares? You'd have to be out of your mind.
Well they really are typical disclosures, in this case however they seem to be much more applicable than most.
With regards to SEC disclosure, what is bad, is that if there really are trademark issues (as some say) and they didn't disclose that I'd reckon they could get in trouble for that. That's bad. I didn't see any such disclosure in the Q and I'm sure they would have to let us know about that as a risk factor or something. (risk factors are only in the Ks).
The fact that there are no revenues from the Green Globe brand is suspicious. They should be doing work now, or in other words accruing those revenues.
What's going on? They haven't told us why there are no revenues.
Oh man, this company is horrible. Worst company ever. Worse than Countrywide or Enron.
What particular SEC filing do you speak of? The latest 10Q said 30,000,000. You come off as disingenuous unless you tell me what SEC filing you speak of.
Oh come on. It said right there in the Q 30,000,000 authorized. Attach a link.
So the Q is due on Friday, lets hope we see some decent revenues. Its always smart to wait before buying into this stock because it always goes down. So just keep waiting if you're looking to buy in.
The last SEC filing I read showed 30,000,000. Where did you see three hundred million?
I think only 10% owners need to file, not 5%.
Oh man, this is ugly. We still have a little ways to go before we hit the 5 billion authorized. We'll get there quickly at this rate. After that, wouldn't it just make sense to up that number to say 10 billion as opposed to a R/S? They can a do a million to one reverse split and we are still going to .0002 so I say raising the authorized shares is the way to go.
The revenues in the Q3 K will probably not be very impressive. I'd imagine they would've announced them if they were good. They know the number is at this point, they can announce it.
Its got to be filed within 2 days of any sale. I kind of remember them being late with a Form 3 once which happens easily and often enough, but I don't think they'd be crazy enough to be late with a Form 4.
Yes, I think that what that means too. If it were an open market purchase the Form 4 would've had an "P" in that box.
Oh man, what a depressing stock this is. On the bright side, I think that in about a year or two the stock market is going to be a great place to invest. We're headed for a DOW at 8000 and I'm all in stocks then - blue chips that is. No serious money in these turd stocks.
And what a turd this is. Can they dump about 4 billion shares at .0001? Will anybody even buy any at that price?
This stock is toast. Its dumb to sell at this point but I think I'm going to just to move on.
Ha Ha. That was pretty funny. "Good News!!!"
What are the chances of a reverse split even though we still have lots of room with the authorized shares?
Something none of the bashers mentioned, but I have to point out, if they had decent revenues in the 3rd Quarter they would've announced it. They could have given a range.
Does anyone have any comments on the IP value of their bioreactor system? This could provide a larger company with scalability. Pluristem could be attractive acquisition candidate if they can't make it alone.
Green Globe is mentioned often enough on EC3's site. See the link. Come on, guy.
This is a risky venture but I don't think its an outright scam. The business model just might not work. That is possible.
The TravelMole DD is curious. But I think I've heard of TravelMole before their alliance.
Gates' keeps bringing up vague language in their PRs. Every company in America does that. It is possible the deal falls through. That's why they do it. Come on.
http://www.ec3global.com/products-programs/green-globe/default.aspx
Yes, with regards to the last paragraph, I'm pretty sure this isn't an outright scam. I've gone back and forth on this stock, I haven't been consistent, but I'm in the "lets be cool" camp now.
The risk is, however, that the business just does not succeed. That is very very possible. These guys could have the best intentions but things might not work. Its challenging getting a business up and running. A million things can happen. That's why we are here, for the possibility of big returns. That's why we shouldn't have alot of money in this thing either - it will drive you crazy if you have to much at stake.
Some of the negative posts are obviously disingenuous. Not the case with others.
I've been out of this stock for about a year, maybe looking to jump back in. Its difficult to know what happened yesterday. I do know that this stock had news leaks in the past - you see alot of activity before a PR. I'm also pretty certain short sellers clobbered this stock in the past. Anybody's guess what happened yesterday.
I think we just broke higher after a brief period of low volume. People were waiting, nobody wanted to sell but the buyers were waiting for .0007 and when it didn't happen they just gave up and jumped in. That's my not so technical technical analysis.
I think news is coming though.
Good job. You need to work another angle.
..and within about 2 minutes of that Q being filed your alert will go off and you'll be posting what we already know, no revenues until Q3 and over 250 million (estimate) shares outstanding.
Yes, I tend to agree with you on paragraphs one and two.
There is no smoking gun that will say buy this stock or buy that stock. Unforseen events render charts worthless. As it is painfully obvious, buying and selling stocks is very very risky. Only play money should be used here.
Inaccurate, misleading statements make you LYAO?
One can glean from the PRs that they will be using consultants to do alot of the work certifying. Come on. They have been explaining the business model to us, setting the stage for more details.
Well, not as many as you might think. I'm sure there are a few though. I think alot of people are just like me. I bought some before the R/S and got clobbered. Bought most after the R/S and have a nice average cost. Two different stocks. The shares before the R/S did not weigh in my decision to buy after the R/S - that cost is sunk. Who knows, I think we may exceed the R/S levels anyhow.
He's got 18 million shares - below the 10% reporting threshold.
I understand - thanks.
...and don't count the U.S. economy out anytime too soon. We're in for a few tough years, mostly our fault, but after that we'll come back strong.
Are you going to intentionally stay below the 10% reporting threshold?
What's up, buddy!
Well, you're probably right. The O/S is higher than 88 million.
Still an excellent though.
But, and not to be too clever, I wouldn't use that Form 4 to extrapolate the number of shares based on the 10% owner box not being checked. These companies mess those forms up all the time, they may've forgotten to check it. They did File a late Form 3 after all.
I wonder how many people actually own this stock? We probably only have a 100 or so shareholders and the other 115 boardmarks are just watching and waiting. The shareholders we have now are probably strong hands and the people on the sidelines can run this stock up quickly. It can happen very very fast. I'm on vacation next Monday, it will probably happen then, I'll come back and see we are up 500% in one day.
Wow, a market cap of $177,394. That's ridiculously low. This is just a great value.
You should look for another job.
Nice couple of posts.
I want to encourage everyone to stay patient though. If they said contract news is coming next week it will probably come the week after next or the week after that. Just kind of how it goes.
I know, I know, I'm posting late Saturday night. I have small kids.
Come on. The conference ended on June 25th. That's when they made their presentations and had INITIAL discussions. That was less than a month ago. Major contracts take time to finalize. Alot of details to be worked out. Now if they were wrong on their timeline estimates that is annoying, but come on...
Or is it because that, given the litigous nature of SEC reporting, that they don't want to release revenue projection or forecasts without signed contracts or something of a very definite nature?
Red, Red, Red? You call a 5% drop in a penny stock a red, red, red day?