obviously they are trying to convert at lowest pps ..... 500,000 bucks will get you a ton of 5 cent shares ..... 10 million to be exact , and once they have converted into common shares , whadda ya think is going to happen ?
"Bottom line is they need higher prices to survive beyond this year or the next in my opinion" - samhebert
(I think 50% oil and gas players are in that boat)
it's too cheap down here for an RS ...... wouldn't accomplish anything ...... 1/10 would get you to 60 cents and reduce shares to 3 mil ...... then what , issue a 100 mil at 60 cents and dilute back to a nickel ?????? I am not trying to pump , or influence people , but for me , I see no RS until 40 cents at least , and then YES they will RS to 4.00 , issue more shares and then short back down ...... It seems stupid to RS a nickel or a dime when you only have 35 mil shares out now ...... they'd be wasting bullets for pennies ....... no one knows , and I sure don't , but I think I'm right .......
well if you offered yachts yesterday , you should be offering entire Tropical Islands today !!!!! I'm in , sign me up , I'll take Bohol Philippines and a 100 footer ......
even "key statistics" can be a load of bull .... ie - MCP "current ratio" is 4.13 (very very high) indicating absolutely firm ability to pay debt ..... "1.00" or below is considered a risk ...... Not only is MCP above 1.00 , it is WAY ABOVE 1.00 ........ If MCP current ratio were like 1.20 , I wouldn't mention it , but 4.13 ????? Man that is way way way inflated ..... total garbage info ........ I see companies much better off than MCP with current ratios barely above 1.00 , or even below 1.00
yankee - run cursor over their name or post , "flag" will appear , click drop down box , then click "ignore user"
well i am being impatiently patient about it to be honest ...... hope that clarified things a bit
well , American companies ain't exactly choir boys either , but I get your drift ..... and I have always said , I think NQ is a scam , but even scams can go up !!!!!!!!!!!! So , I'm ridin this pony for a while
that's it exactly .... good luck tomorrow ......
dollar will weaken into summer , that's what it's sayin ... The glut news is old news , but they sure poured it on last couple of days , didn't they , oh and moody's with their "late to the party negative bond ratings on coal" geesh ....... lol , freakin scammers ....... Just remember this , the bond raters gave sick mortgage securities a AAA !!!!!!!!!!!!!!!!! right before the collapse !!!!!!!!!!!! man o man what a racket ...... Longs are up nicely today , whew 'bout time , thanks Jan , love ya my little cute jewish honeydrop