This is the post that created the next few posts.. My post had to do with conversion of debt.. Posted by: 10 bagger Date: Friday, February 26, 2010 2:59:17 PM In reply to: Probart who wrote msg# 123820 Post # of 123859
FTER..
It's shares are like icebergs,, all hidden below the surface.. All that can convert say never and they appear on a regular basis.. The IHUB board on FTER is novice and help each other increase thier zeal to own.. On the last run to $0.23 I had a nice position that ran to $0.23 from $0.10 and back to $0.10 almost as quick.. 2 Mil shares appeared from one of those that would never convert and they just did a private placement of over 1 Mil. at somewheres around $0.10..( it actually was 1.692 million for $100,000.00 to the company.. Other than that my posting on the possible increaseing floatmade no comments on the value of FTER as a stock..) The guy that runs it is ex. Bear Stearns or Lehman and I had a nice conversation with him..
The company owes him $200K plus and last year the Company tried to covert debt at $0.04 or $0.05 and the debtholders turned it down.. Converting his 200K to stock would create over 20 Mil. shares at this level.. The shares that could be converted would create 4 to 5X as many shares as outstanding.. It's almost like a Barrons deal but insiders and others as the debtors.. This is all from memory so do check out the facts if you want to invest.. hank ========================================== FTER just sold 1,692,308 shares (filled on 2/24/10) in a offering limited.. to two persons.. The price per share was $0.065 or aprox a 60% discount to the offering price of the date filled.. In addition the company paid a $10,000.00 finders fee to obtain the funds leaving the company with $100,000 for the shares sold equal to $0.0591 per share..
lars siler ,,FTER traded according to your post 5.5 Mil. shares on it's stall move to $0.22 and has retreated eversince.. If you think it was the MM that sold a thin issue short to stop the move dead in it's track I have a bridge to sell you.. The latest private sale is at a value the company was willing to raise funds and the comm it had to pay to do so.. If this is not dilution I don't know what you call it..
lars siler posted..
Now why did the stock go from it's high of .22(not.23 as you stated) back down to .10. after the run that started at .04? Very simple. Profit taking!! You call yourself 10 bagger, yet I, and a friend accumalated nearly 2 million shares of this when it was a sleeper, over half of the float for under .01! Others jumped in at .02-.04(and I continued to buy more as well) And on the last run, I had about a 35 bagger! I am currently reaccumalating at .10-.11 cents, as are some other more educated traders than me (I was lucky, just happened to find Forterus while others were buying other lowball stocks a year ago!). They know the rare stock, and a true growth orientated conservative company when they see one, and they will probably hold during any miniruns the Company will soon have, because they are looking for Forterus to valuate immensely from this ridiculous low shareprice.. looks to me that you may have bought on the high end of the last run 10 bagger...but if you hold them , you will absolutely get your value before too long, as this company has no further plans to expand it sharecount, unless it is considered wise for all shareholders involved, as this company is expanding, and will continue to do so expotentially!..Better grab some now, you'll miss out on the next ten bagger Tenbagger otherwise...
lars siler,, Question if you had half the float and was not selling where did the 5.5 mil. come from the days that FTER gapped.. You know that the insiders never sold...
Posted by: lars siler Date: Sunday, February 21, 2010 6:04:38 PM In reply to: valleyboi0 who wrote msg# 4358 Post # of 4561
My thoughts are that the MMs needed to provide liquidity to the market, when our volume peaked at 3.5 million on the day we ran to .215, and was over 1 million volume the two following days. Remember we have a very thin share structure, and a small float. Therefore they probably sold shares between .17-.21 that they didn't have, and have been covering since we reached our current level. Since the run up was for genuine reasons, such as increasing revenues, expansion, and a larger "hold" position amongst many older and newer shareholders, it would only make sense for them to cover now, because they cannot keep up with the demand for shares, and therefore the shareprice now is only suppressed for only a certain window of time. That is why you see a decreasing interest on their part. We have already established our "bottom", and therefore they compete to buy at bid, and if you buy at the ask, the shareprice remains circular, as the company did not introduce any dilution as they would have hoped. That may also signal why I didn't get any shares when I had the high offer, and it went to a lower bidder. However this situation cannot continue, since the company is intent on raising the shareprice,and backs it up fundamentally, because the company did not abet the scarcity of shares situation towards their favor. To short further would seem illogical to me, since the demand for shares at this level would not allow them to profit. That is, unless some idiot puts in a large market sell here, or tries to liquidate a large position in a small time period, and panic selling is induced, and that seems highly unlikely to happen, as the buyers on this forum alone would eat up those cheaper shares quickly, and not panic, so any new short position would be quite small and limited in duration. We are good my man!
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