Id wager on it. If it was practical to short, I would invest a good chunk of my wealth in this scam losing most of its value.
But don't mind me, Im a professional investor who can spot scamsters like sitra from miles away.
I just don't care.
Bodily injury ? In a NY minute if you can identify wetsnatch. Wait. Too late, you are already ignored.
I don't give a flying rip what you have to say. In fact, PLEASE buy scam stocks.
BLGO & BLUU are right up your alley.
He does have experience in securities fraud.
BLUU has no revenue from operations but plenty from stock sales.
I would bet my life that this stock will lose at least 95% of its value within 2 years. (And likely all of it)
Sitra belongs in prison. He is whats known as a securities recidivist.
Then perhaps you should be selling now at $414 rather than risk holding partial positions ?
I wish my crystal ball was as clear as yours. Im pretty sure it wont fall to the mid $300 within weeks of the end date here. $380, sure. Not $350-360.
This isn't my first rodeo.
I still don't think there is any 100% guaranteed right thing to do here.
I would wager we might not EVER see $350 again.
And you don't address capital gains. some of us would prefer to defer them.
Sardar is willing to pay $420 and he wont make a bonus unless he makes over 6% on his buys.
So long term, BH has upside potential.
30+ years in the market has taught me that there are no guarantees and Im not always right.
When they realized their analyst changed firms ?
RCKY is a stock where it very well may be a win-win for both buyer and seller.
Sellers can lock in gains & move on to something else and there is still upside left for buyers.
Using $1.58 and $1.88 we are trading at just 10.6 times next years estimate.
I think we will get some margin expansion so 15-17 times $1.88 could drive us to $28.20-31.96.
Even if you think we will only get to 13-14 X, that's $24.44-26.32.
But, for anyone who has been around from below $10, you can never go broke talking a profit.
I think RCKYs biggest risk is market risk. If the market tanks 10-20%, RCKY is going down with the market.
Since I am overall underinvested and I have large capital gains I would prefer to defer I am comfortable holding RCKY at current prices (19.90).
If it was $25+, I would and likely will take some off the table.
“Sitra published favorable promotional information about Great White in exchange for cash and stock. Sitra spoke glowingly about Great White and encouraged investors to purchase its stock, while never disclosing his compensation arrangement with it. Sitra took advantage of the market interest his promotions created and sold his stock into the market contrary to his recommendations.”
BAMM shows not a single share was tendered and you think this makes your point for an oversubscription ?
What happens with penny stock scams like this one is the entire public market is one big pump & dump.
They are giving away free shares to hypers to pump it so they can sell below market shares & raise cash.
They know their stock is worthless so any price they get is pure profit.
I ran into lexus10k on some stock that we both own. Cant recall where now. But a decade or so ago he was just a badly misinformed patsie with regard to a stock called Cardiotech.
I just don't think it falls back to the mid $300s right away. In fact, it might not fall much at all.
And if it did fall back, Sardar could get right back in there and buy in the open market. Assuming its not oversubscribed.
Buying at under $420 is going to make money in the long run. We just don't know how long it will take and what other investments might have been better.
I own a lot of very cheap shares going back many years. Not in a hurry to pay taxes on the gains.
Also own some in my IRA and Im considering tendering them.
If the offering is undersubscribed, the stock might just go higher.
BAMM years ago tried a tender offer but the stock went up and nobody tendered a single share.
which is impressive given that the stock has still went up.
Interesting how they switched back to a 13g and then dumped their stock.
At $12.50, Id say its got as much downside as upside. Roughly $2.50 in each direction.
I have not sold any.
Calvert has led investors to a 99% loss over the last 13 years.
Past investors were fleeced. You will be too.
Don't let a $7 rubber chicken dinner cause you to blow thousands.
CTE was another scam stock that went belly. I must have confused you with a poster called lexus10k who I ran into years later. Cant recall where. But CTE is long gone.
Its not uncommon for them to move someone in an old guys spot. But when I checked a few hours ago, I just saw the 1 estimate.
he was hired April 8, 2015
-- B. Riley & Co., LLC (B. Riley), a wholly owned subsidiary of B. Riley Financial, Inc., has expanded its coverage of the consumer and technology sectors by appointing Mitchel Kummetz and Andrew Huang as Senior Research Analysts....
short RCKY. PLEASE.
cases pending ?
A single scam company cant even serve me and their frivolous SLAPP will soon to be thrown out of court.
RCKY is my 2nd largest position going back many years. I own shares as low as $2.26.
But you like 6 cent scam stocks.
By the way, ask Hopeful above about CTE and if I was right on it. He was pumping it much like you. And it ended up WORTHLESS just like I TOLD him it would be.
51 posts | Last Activity: 53 minutes ago
Member since: Jun 22, 2015
I have a better idea. Buy the stock. Nothing I say will teach you as good a lesson as you losing your hard earned cash !
The bottom line is their primary interest is selling stock to neophytes.
A $3000 donation makes you think he isn't a scammer ? Really ?
"Most successful investors, in fact, do nothing most of the time."
busting obvious scams like this one is a hobby and I really get satisfaction watching all these criminals go to prison after I expose them.
Feel free to ignore me. Buy the stock. If it was practical to short it I would be.