Corvette - thanks for all your posts and great DD. I've received perhaps a dozen PM's from those who have been in panic mode, each step along the way. I can't answer each so this is a long-winded attempt to convey my own opinion, and it is just one person's opinion, no better and no worse than anyone's here.
I got the most panic PM's when the wrong number was put in the PR. You wouldn't believe how many people apparently went off and sold, thinking it confirmed the basher claims that this is a scam.
As you know, I'm a bottom line person. From day one, and I've been posting since my purchases at .007's and .002's after that, one thing has been a constant. I posted my conversations, which were so much different from those I've had with other microcap managements. I've probably contacted a couple of hundred CEO's, CFO's and IR's over the years and this one was very, very different. There was no hard sell to buy shares, no attempt to sell me on the business plan, no request to sell me restricted shares, etc. When I wanted confirmation of share structure and proof of their wanting to foster a strong shareholder base, I was given a very unique response.
It was, in essence, that they have huge players involved, people who only take a fraction of the deals that they see. They were going to prove something here. It would all come out. The scope of the undertaking would dwarf what the picture looked like back in the Dennis sweater days. I was told there would be no dilution and dumping and that kept me interested. The shares that would be issued would be earned shares based on the value brought to the enterprise, not for promotion and pumping. Again, this kept me interested as I believe this is way more important to the share price than any business plan.
I wanted more and was a bit upset at the WWE tone of the conversations. I was dared to sell. We want people to make a lot of money and they will but we also want flippers and those who think it's a scam to just sell. No sweat. The sooner the better. That was the essence and I've posted this several times.
I was pissed. I don't like being talked down to. But I kept my shares. So far, everything has happened as was claimed. I'm happy I was able to keep my own emotional reactions in check.
Yes, there have been very amateur steps along the way, all of which have provided fodder for bashers. Grammatical mistakes, errors in phone numbers, some fluffly PR's, delays in numbers, dates that are missed, "blame it on the lawyers," filings with mistakes, entities that can't be fully traced, IR that seems a bit new at the game, etc.
All of this explains why a company is selling at its current price. Let's face it. There's a price to be paid for uncertainty. IF, and that's a big IF, we were fully filing and we had all the answers, the projected numbers would support a share price in the buck range that many have projected or more. But, that's not the case. We have uncertainty and we will continue to have uncertainty for the next few months.
This will create opportunities. As bashers get weak holders to sell, profit takers to panic, others step in and add and new players see a chance to take a shot on a pinkie that is clearly many steps above the typical (perpetual motion machine, thinking of exploring for gold, substitute for oil, etc.) unsolicited pinkie.
We got a major revelation yesterday in confirmation of the share structure. Even though it should have been wildly BULLISH, Even that created some panic PM's. "What about those insiders who can now sell?" If I'm not mistaken, many of us may know those insiders or know people who know them and the likelihood of them selling at these prices are very low, at least in my opinion. But the BOTTOM LINE, which many seem to miss, is the FINITE and very limited nature of the o/s and float have been confirmed. As we are in competition with other pinkies, compare what we have here with what you see on most pinky boards and the debate over billions of shares issued to promoters and insiders.
If you get by the panic, and look at the numbers announced, you see a very rare pinkie. Look at the other boards and see them arguing about why a few billion shares were dumped. We have here a very finite float and o/s. THIS IS THE MOST IMPORTANT ASPECT OF SHARE PRICE, EVEN MORE IMPORTANT THAN THE BUSINESS PLAN.
After the panic will be the opportunity.
As for IR, PR, I've often posted my own dislike for IR guys in pinkie world, particularly those who get shares and dump on PR's. I know the money at stake. I've been asked many times to be an IR guy, as I've built up some sort of a reputation over the years. I've refused each and every time. I'm so happy that I have as I've been accused by wormie nasd violators of being a promoter, just because I post, with some apparent following, on many boards. The reason for my mentioning this is that there are many opportunities for people to do IR. IR people are typically no more or no less than message board posters, with all their weaknesses and strengths. I just don't see the value of issuing fluffy PR's and having shares issued in payment, which shares are an overhang when pinkie sub-pennies have to issue tons of these shares to these guys.
In this case, it looks like an IR outfit was setup hastily after lots of nagging, to placate us. I think it's foolish and it backfired. But this is often a quick response from a CEO who rapidly gets sick of "why is the stock sinking?" "is it a scam" "are you going to PR that you discovered a substitute for oil tomorrow? why not?" type calls.
The good news is that there doesn't appear to be any major payment or issuance of shares to this IR venture. They may be great people or honest and nice, but I don't see the value in it.
The one thing that has driven this share price and it is a common theme in my posts, is the share structure. If they continue to keep the share structure tight, the float miniscule for a pinkie, then this stock will trend higher and higher as it has. Nothing has changed. I've seen all the same shyte from bashers from .002. This same shyte and moronic wormie posts will be there if or when this hits .15, .25, .50 or whatever projection you believe.
Bottom line and the key - these guys seem to realize that by controlling the float, you can control the big picture. You can create a billion dollar entity. You give up the typical pinkie management desire to dump a billion shares or so at .0005 or less for the long term prospect of creating a real company.
That's the unique opportunity IMO.
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