flash crash? OK, sure to these guys who panic if the market doesn't go up every day. But I'm hoping for another Halloween massacre. So Earth what else you got besides MKND ? Looks like you got in close enough to make a nice flip, but long term that chart looks like a glider coming in for a landing. Give me something man! - I'm so bored I might get back into NOK this winter.
Didn't the Fed stop reporting M3 almost a decade ago? Hmmm, I wonder what the reason for that is... To insinuate that M2 is down, and therefore the money supply. is tragically incorrect.
I personally think a 1:20 split is the better plan because it allows for greater dilution when they immediately reissue shares. All in all, the most reasonable way to get strangers to pay for your debt! PAL should become an American company. Obama could bail it out and everyone would be happy. - Oh wait - I forgot the share holders at GM got the short end of the stick on that deal... nevermind.
Why do you put "PAL" as the subject? Do you think people might not know which message board they are on? Why didn't you use 'A smart move would be the Chinese buying this company:" ? It's a perfectly suitable subject line. - A rather dense thought, but that's beside the point. Try to be more litterate in your post's. People here are losing a fortune, they don't need to put up with this kind of drivel.
Millroad is in @ 1.25 sitting on a 25% loss. They may be bag holders, but they aren't so dumb to sell at a well recognized low for this stock.
And yes, I do keep harping on the fact that insiders NEVER purchase this stock.
zero (0) shares. Not one. You think one of those morons would purchase 1000 shares to put this argument to rest? NO. That is how little they care about their stock holders.
Doesn't matter how much you earn if you have to give it all away to pay off debt. Now the good news is PAL managed to get their interest rate below loan shark rates, so there is still a possibility to avoid bankruptcy. You might say PAL has dug their own hole...
No sense buying here, until you are over a buck. Waiting 30 days after earnings seems to get you a nice entry point lately. And, if your the Mystical type, Halloween crashes are perfectly aligned right now. Not saying it will happen, just pointing out there are better times to buy this stock. Always.
You didn't sell too soon. You bought too soon. Only buy this stock when you see the insiders pay cash for it. Or when the Mayan calendar resets. That is proven too work too.
and Lee, never forget Lee.
And Harley deserves honorable mention.
But, what do I know? I'm not even invested in this thing.
Remember that if you're thinking about getting mixed up with this. I mean, I've been tempted several times, and each time cooler thinking prevailed. Too much drama. I prefer the History channel. They talk about the '29 crash still. But the real damage was done '30-32. And 1987, wow, that was a tough one to watch. All the rest like 2000 and 2008, that was just government sanctioned criminal mischief. Kinda like now.
Funny thing is i did the same thing last time and missed out on getting in at 90. Seems they were very careful not to take it below 90 so far. You wouldn't want to cause a panic.
And who knows? By the end of October, you could be in the 60's for no reason at all. (except for the obvious reasons)
No, not yet. You'll be able to tell when the news hits because the price will go under .10 on its way to sub-penny land. I've been looking at this for a long time, and there is just no way to climb out from under the debt AND share dilution that has accumulated. The thing I can't answer is which miner will pick this up from BAM at the fire sale. It looks like this could drag on for at least 18 months to two years.
A reverse split is the only way they will be able to cover the next wave of financing. 1:20 split soon, followed by blanket dilution and print 2x more shares. There's simply no way to attract new investors into this thing until the old ones are wiped out. BAM can keep this up indefinitely, well long enough anyway because they are getting cold hard CASH. The rest of you get little bits of paper that trade for less and less. I think next quarters disastrous production numbers are going to be a cold bit of reality for all those here that insisted 4,000 TPD were coming.
Not really. keymerrick talks about other things sometimes. I just swing by from time to time to remind everyone that I dumped this POS at 2 bucks. That's what you should have done. Back in the old days, there were a lot more people that flipped this stock like a pancake, now all that is left if disillusioned bagholders...