I definitely dont want to daytrade this stock.. yes, it moves around like a monkey but its hard to make sure I can get the monkey off my back at the end of the day or week. A big move to $4 would mess everything up
If you look at the trend, the revenues seem to be shrinking quite rapidly. Given its capitalization, net income would shrink even faster and its already in the negative territory. At this stage, I dont find this tempting to invest even for $4
I picked up half of what I sold at $7.19 2days ago today back at $7.15. I am keeping some reserve in case it goes lower
That video of the Mayor commenting about this product is so ridiculously funny.. first off, it appears the Mayor h as no clue he has been taken for a ride (pun). I wonder how much these guys spent in wining and dining this idiot for him to do this. Now they are milking that dry till the cows come home.
In audomotive industry, it takes billions of dollars and years of research and development before coming up with an innovation these scammers tout. A penny stock company such as this has as much chance of coming up with this innovation as a garage across the street. Those times have gone when people like Henry Ford could create a Automotive company in the garage. Why? Because automotive manufacturing or assembly is capital intensive, big business. Add to that, the tremendous amount of capital and time in R&D its nearly impossible for a garage to come up with something like this. Fine, even if they did, it takes years or months to thoroughly test out the product or assembly undergoing rigorous testing to ensure it meets quality and performance targets. Everything I have seen about this company appears to be pure window dressing, to convince the poor rich suckers to part with their cash so they can pay themselves hefty salaries and have their 2days of fame.
This stock shouldnt even be trading at 1cent in my opinion. Their website is geared toward reeling investors like you. What kind of company has a website to reel in investors instead of customers? Their modus operandi is simple.. put the carrot prototype before the hungry horse (you), make the horse run toward the carrot until it can run no more, that is when they will just fold up and dissappear. I dont think they will have the cash to even file bankruptcy.
Because it is market news thats why. If an entity like MHR has a holding in KEG, it shows that they have done the diligence and a confidence booster.
quit trying to spread lies. The stake is in KEG which is Key Energy not Key bank. No wonder the stock is holding up well. $9 soon.
8% dividend on the preferred? I guess they must be in dire need of the money and if they have to pay 8% when interest rates are nearly zero tells you what is the risk here. Common stock holders can kiss their expected steady dividend good bye. I stay out and remain out.