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Or quietly dumping. Thus the lower price. eom
What's sweet about it? Seriously! eom
Another one of those MM milk money trades at the close I see. Trying to stimulate a little above .0002 interest in the morning. Doubt it will work.
I agree with you Investor010. What is good here? All I have seen is that they are averaging around 15 million shares a day of dilution since the last reported share count in mid-February. That's not good! If this continues, we are only talking around 3-4 months (or less) before they pretty much reach the maxed out authorized share level of 5 billion shares. Any guesses on what happens then? My guess is an obvious R/S to start this all over again. I would love for someone to tell me the LOGICAL alternative.
So sorry for you guys. Maybe Mr. Ottoman will send you all a Christmas present for your off-season gifts.
So if that number is correct, they've been diluting at a clip of around 15 million per day since last reported in mid-February.
Unless of course you get R/Split to nothing. Then it can be a long road back to breakeven. Just depends on whether or not their intentions are to make this their own personal ATM machine, or if they actually plan on, and are capable of, actually doing something positive here. I suspect that we shall see before Summer.
If it weren't for the dilution I would say there's a chance at a run, but as long as they keep it up I see no chance. If they plan on doing it all the way up to the 5 billion authorized things could get even uglier. We all know what they did between December and February, so if most of the recent action is dilution, than the 5 billion share mark probably isn't all that far away.
I doubt they have any intention of coming out and saying why they are diluting so massively, but while the share numbers are certainly high, the dollar numbers really aren't ALL that high. Wouldn't be surprised if it's all going to their salaries and expenses. Doesn't look great around here.
Massive dumping. Never seems to end here. eom
I have no doubt about it. They have the history.
Exactly. That is what some of the people on this board have not been able to grasp. They seem to think that gboe can magically get something for nothing. It just doesn't work that way.
Authorized 5 billion, outstanding around 3.2 billion, but that was around a month ago. No telling how high it is now.
You don't bounce when you have constant dilution followed by a massive reverse split. I have no doubt that is known by all students in grade school investing 101.
Looks like sub-penny coming to your neighborhood soon. Don't think they've quite diluted it to the 300 million share mark yet, but sub-penny sounds like as good an excuse as any for another massive reverse split. Absolutely insane what has been happening here for years now. Hope they get what they deserve.
I won't. I think they already know by now.
Could of been Jimmy Walker or Charlie Daniels. Certainly doesn't require an Einstein to figure out what is going on here.
50k for a financing deal? For your sake I hope you're right, but I'm not sure 50k would be much of a start for anything much more than a hotdog stand. Sounds more like G&A expenses to me.
Right....That's exactly what I said. The vast majority of the action was at 2.
Considering that almost no shares were sold at one, and almost no shares were bought at three, today has basically been a share dump at 2. No traders are getting rich today, but I have no doubt that the company is collecting some spending money for themselves.
Looks like they're taking anything for their shares now. Not a good sign.
Sure you can try and trade it just like anything else, but if you get caught up in a massive reverse split, it is a bottomless pit, and those little trading gains might not look so great afterall.
I doubt it slows until they approach 5 billion, and then you can guess what I think happens next. Anyone detect a pattern here?
Yes, if the SEC does nothing about it, I'm afraid this will become the business model for everyone with no conscience. Why not, with all the coin it is producing these guys? I'm sure the scumbags of the world are watching and learning intently.
Looks like they're continuing the dilution big-time today. Not a good sign IMO.
Can't say I would be happy with going on a billion and a half shares of dilution over a two month period. Now we know for certain where all that volume was coming from. Looks to me like they're at it again today as well. Paying the bills I guess. Know I'll get slammed for using the RS word, but I see no other way for them to finance any of these alleged acquisitions.
The "follow the basher" philosophy may work with some stocks, but I don't think that it applies here. I don't think negative posters are here (and on yahoo etc.) because they are short or want to get in lower, I think they are here because they are genuinely pissed and feel they've been robbed. Those are situations where it's wise to be wary.
No tears here. If I owned the stock I might have tears, but since I don't, no tears. Pretty obvious that neither one of us wants to call the transfer agent to verify our opinions. Your opinion seems to be that there are only 2 billion shares outstanding even though pinksheets.com had it over that amount back in mid-December. My opinion seems to be that there are more than that do to the unusual and very heavy volume in January and February. The true number will not be known until someone calls the transfer agent. Here is a link to the number in case someone wants to do their DD and make the call.
http://www.otcmarkets.com/pink/otcguide/issuers_service_providers.jsp?index=CS&id=2219
Doesn't sound like I'm the one who is crying. I simply stated my opinion which is based on the fact of unusually large volume in January and February. Did you not state that there are only 2 billion outstanding, when even a dated pinksheets.com has it at over 2 billion as of mid-December?
You are the one who stated that there are still 2 billion shares outstanding here with no proof to back it up. I am not the one who has been doing the misleading. I have simply stated that I believe there are more outstanding due to recent dilution. Do you have proof that there are still 2 billion shares outstanding, and do you really think all of those 80-330 million share days in Jan. and Feb. were not caused by dilution? Me thinks they were, and that is simply my opinion based on the unusual volume.
Please follow your advice when you get your phone fixed. I'd like to hear how close they are to the authorized. TIA
Who said no R/S? Otto? eom
Up on a couple hundred bucks of trading. Do you really think that means something?
Thanks. I finally got an answer. I agree to a certain extent, but I think that dilutive damage would be much more than minor since those leveraged assets (from labor intensive businesses) will likely be much less than adequate. I also think that how badly the shareholders would be damaged (should an acquisition ACTUALLY occur) will depend at least partially on the veracity and intentions of management, and that is one of the areas where I definitely have a problem. Have a good weekend.
I think everyone knows by now, Roger, that they have supposedly retained Goodrich Capital to attempt to obtain financing for a couple of acquisitions, but you still haven't answered my question. Does Goodrich have some kind of a magical method for obtaining financing, or are they some kind of a social service organization or what? You cannot get major financing without collateral of some kind in this world! If you could, than I would be over at Goodrich on Monday morning with an acquistion plan of my own, and I would love to pick up tens of millions of dollars based on my acquisition plan, since I have many more visible assets than this company! You have to have something backing you up, and what does this company have to offer a potential financial backer other than stock? That is the question, and none of the "longs" here seem to want to answer that question. Wonder why?
So are you saying that you have checked with the transfer agent and that you are positive that there are STILL two BILLION shares outstanding? Are you also saying that they will not use whatever shares they have under the 5 BILLION Authorized to consummate any "alleged" future transactions? And if they do use whatever shares may be left under the 5 BILLION Authorized to consummate any future "alleged" transactions, do you not believe that they would then be likely to conduct a reverse split? Regardless of how close they are to the 5 BILLION Authorized, I still see no financing alternative for these "alleged" transactions other than massive shareholder dilution one way or another. Do you? If so, what is it?
So why don't you please give me the smart commentary? Exactly what is reverse split territory? Billions of shares outstanding do not qualify? I don't know how many billions are currently outstanding here after this recent dilution, but a company does not have to be at their authorized level before conducting a reverse split. That is especially true if a company is trying to raise capital for an acquisition. What else besides shares in the company are they going to use as capital? Otto's reputation? I'd really like to know.
Wouldn't be surprised if they are getting set up for a massive reverse split. They have been diluting this thing so heavily for so long, that a reverse split to start the dilution game all over again makes sense to me. Obviously not a good thing for current shareholders if that happens, regardless of what else happens down the road. Kind of the status quo with stocks like these anyway, but we shall see.
A $450 trade in the last 30 minutes to send it up to .0003. If someone bought at .0002, and sold at .0003, I guess they've won themselves a nice dinner for two at Ruth's Chris tonight. Minus the fine wine of course, and they'll probably have to go easy on the hors d'oeuvres as well.
Is the printing press here jammed, or have they finally diluted it to the 5 billion share mark? It's always looked to me like nearly all of the volume for the past few months originated from dumping rather than trading, and when the dumping pauses the volume dries up. Maybe they're on vacation across the border spending money at the Winter Olympics?