The article stated STPFQ is worth less than $0.05, LOL! It's sold most of its assets and out of operations.
Soon, the stock will be Cancelled, in May or June. Now, they pumping it hard in Order to Dump before the cancellation.
So this company use to trade as high as the 80.00 before. I sold back then but don't know the true and honest version of their fall from grace lets just say. So now I am trying to gather the information needed to see if this is a pump and dump or if it is something that could make me some money. I went to their web site and read what they claim and tout. To be honest it can be a bunch of Chinese b.s since for teh most part this country has stuck it to to many good Americans for my liking. So besides asking what knowledgable Christ -Like Americans that post here (no Chinese please) can help me and the others that post on Yahoo why the big move up? I have watched from about .16 Last and most important is this the Q at the end of the symbol indicates bankruptcy that usually means this stock will soon b non existant and all will lose their investment. Has anyone here read that buying STPFQ and those share holders be converted to the new symbol (IF ONE) thats if the articles are just a bunch of (SPAM) Who here American and who cares beyond themselves can say to everryone not just me that buying today at .40 this company, its new CEO and its new investments will be passed on to the share holders of STPF (Q) Thanks and hope we all can come together not just here but in as many concerns all of us have. P.S as I wrote this I purchased a tiny 500 share position in the event (and I don't believe) I will be converted to the new Suntech purchased as if I was sitting in Atlantic City and wanted to blow it at a table. Lets here why below .50 with out any doubt or resevation this will pop again as the old Suntech did (Again with us buyers under STPFQ
Russbonnie, here are some URLs . Also to double check, call your broker, SCC or maybe Yahoo to double check if necessary.
Goldman, thanks for the input. It would be very helpful (save research time) if you would provide URL references to support your comments.
I'm a bagholder. Well technically I'm a bond holder. The last trade in the bond was at .125 CENTS so my 1000 face value bond last sold for $1.25 But there is hope. THe bond converts to a bit more than 24 shares. Do the math: 24x.38 1.25.
It's called 'Pump and Dump'. They've known the company will be shut down and are Escaping.
holding Vast Debts and liabilities, then filed bankruptcy.
The authorities are investigating the Frauds and criminal charges will come soon.
The company is actually NOT in operation any more! So the stock will be Cancelled.
The last dumping chance before the Cancellation!
Pumping hard in Order to Dump before the cancellation!
Be very careful not to be the Last Bagholders!
STP bond is selling for a few pennies per dollar of face value, so how can the stock be worth anything? STPFQ, the company stated the common stock shares will be Cancelled and Wiped out in May or June.
I see that the messenger was wrong, but I don't understand why. The bond is selling for a few pennies per dollar of face value, so how can the stock be worth anything?
can you elaborate please? The company has any value or not?