Let me begin by saying this:
I do not post often, and have been on iHub for a brief period of time, but let me assure you of this... I did my DD. I ignored the hype, I went strictly off of what was shown to me from the public facing side of this company.
Yes, there was the Ike Suttan risk. Yes, there was the Penny risk, but anyone who has done this for an extended period of time can tell you that many pennies(i.e. 99.5%) are pomp and circumstance to get the fool and their money parted quickly with a flash and smile. This was NOT one of them. This company had REAL product. This Company had REAL office and a REAL grand opening happening, with WHITE HOUSE STAFF. With MAYORS and CONGRESSMEN and SENATORS, Heads of global initiatives attending...
I bought in at around .005, with a little under a 1/4 mil shares. Not major money by any means, but cold, hard $$$.
We have seen what has happened in the last 12 days. PUMP. When those who were curious about the info being provided, we were told by the company "relax, let us build the business..." PUMP. We were told not to worry, this will be $1 by year end... PUMP. We now have seen the DUMP:
- All the guests who were invited and "RSVP'd" including the "guest speaker" who happens to head the presidents panel on clean energy... DID NOT SHOW.
TRUTH: who did show up? Contractors, salesmen, staff and insiders.
-We were led to believe that the Market Makers were holding the stock down to cover shorts leading into the open, and then that those same MM were digging out the Stop limit orders before the close on THUR to predicate the 12% drop in the final 10 minutes of business.
TRUTH: We come to find out that SAVW and Sutton Global were dumping shares into the market for more than 2 months, letting up only 3 weeks before opening to build a penny market hype around the opening, then dropping a massive 12 million on the ask at .0045 10 minutes before the market closed the day of grand opening. All at a cost to Sutton and SAVW of approx .0001 per share= pure PROFIT.
We were led to believe that this stock had upward mobility from the future contracts being negotiated to the ebb and flow of the orders to show similar pattern to big board stocks, filling gaps, covering losses, etc.
TRUTH: We get a 4:01 EST BOMB 8-k statement showing dilution in the BILLIONS over the last 2 months, not even including the weeks leading up to the MASSIVE dilution that was opening week.
So... New shareholders who just picked up the MAJORITY of the 200MIL shares today (many of which were freshly printed off of the SAVW presses, still hot and ready) be warned. THis company, while very enticing, is still poison. It tricked many smart, veteran, seasoned investors.
Do NOT become the next crop to get taken, and make a well known, if not by now NOTORIOUS manipulator like Issac Sutton any richer.
Walk away. While it may be a "Shame on me" type of event, I watched, something I thought with plenty of time and Due Diligence invested, something I thought was going to be the best thing to happen in my portfolio in 4 years...
I watched it take 60% of my portfolio away today.
Regardless of how you invest and what your risk tolerance is, that hurts.
Dont succumb to thinking you can play this one. Let these guys fade away, and hopefully make 1 mistake too many and go in front of a judge.
Just my opinion.
AI
