Better use that as a reason to buy more. PLEASE.
Nevermind the $64 million in GAAP losses over 12 years. Nevermind the 1 for 25 reverse split.
Nevermind the dozens of materially misleading press releases.
Nevermind the total lack of any meaningful revenue over 12 years.
Dennis Calverts long term track record of value destruction a $64.53 million loss
Starting at 6/30/02 which is right after Denny-boy took over, the company had an accumulated deficit of $12.919 million.
At 6/3-/14, a full 12 years under Calverts expert leadership, the company now has an accumulated deficit of $77.448 million.
That means in his 12 years at the helm, he has burned $64.529 million. Or an average of $5.377 million per year.
It went from Nuway Energy to Nuway Medical to Biolargo.
They have never had any revenue to speak of. But they have managed to lose $64+ million while Calvert lives like a king.
The reason its being hyped so hard right now is they have managed to issue a boatload of private placement shares and warrants in the 20-30 cent range and those people need you to sell to.
Calvert learned from Mark Roy Anderson who is imprisoned for being a scamster.
Racavali seems to have a problem with BLGOs SEC filings & GAAP accounting.
But does it really matter if he burned thru $10 million or $64 million in 12 years ?
Bottom line is nearly zero revenue and nowhere near a profit. EVER.
When I started my business, I was profitable within 3 months or I would have had to shut it down.
Ran it for 15 years always profitably.
And Ive invested at a profit every single year.
But nevermind that, buy the stock of a proven scamster who has burned thru somewhere between $10 and $64 million in 12 years and never earned a dime and had almost zero revenues.
Please, use my presense here as a reason to buy more. Borrow to buy more !
Nevermind the CEOs history of losing $64.5 million over the last 12 years and never mind my 20 years in exposing scamsters like him.
Ignore it all and go for the gusto !
Buy all you can get. Please.
I don't have a problem with patsies losing money. I have a problem with scamsters getting your money.
Dennis Calvert has a 12 year history of losing significant money, never having any revenue to speak of and dozens & dozens of materially misleading press releases that are nowhere to be found anymore.
But, by all means, BUY MORE.
And call for your certificates ! That way the shorts cant borrow them.
You probably believe that nonsense.
So if they don't get 50.01%, the deal doesn't go thru and the stock drops to $3.50-3.75 unless they raise the offer.
I still think they will get the 50.01%. Because if you don't tender & they get the majority, you still get forced out it just takes longer to get paid. I went thru that once years ago. Took an extra 3 months to get my money. Never again.
How many votes do they need ? 50.01% ?
They can often get that just because a good chunk of the street goes along with whatever the board recommends.
I haven't read the filings or the background yet.
Need to. But its a small position and Im lazy.
Dennis Calvert & BLGO are magic. They make your money disappear. $64.5 million over 12 years.
Seems like it was 91 cents just a week or two ago ?
The average is 75 cents.
For me, less than $1 would be a disappointment. And I think blowout earnings are possible.
Avg. Estimate -0.13 0.56 0.38 0.75
No. of Analysts 4.00 4.00 5.00 5.00
Low Estimate -0.17 0.50 0.34 0.60
High Estimate -0.10 0.60 0.43 0.87
Year Ago EPS -0.23 0.45 0.01 0.38
How many other people who are up 35 times their money do you give tongue lashings to ?
It sounds to me as if you are SO desperate to be right that you are attacking anyone that gets in your way.
Id never heard of the stock so you get credit for getting me involved. At $4, then it fell to 50 cents.
Im pleased that they have turned the company around and could be poised to grow it in a year or two.
The stock would probably be $22+ right now if they had announced a rapid growth strategy. Instead, he is taking this slow and doing it right.
I have a lot of respect for Mr Rouleau and he sure doesn't deserve your unwarranted attacks because you should and shorted to soon.
Im with you. I could care less if these patsies lose their money. A scammer getting it is what bothers me and that's exactly whats going to happen.
But, as also noted previously, it seems unlikely there are many kool-aid drinkers out there. We have those involved in the scam touting the stock hoping to lure an idiot with some real cash.
What they don't know is the odds at a casino, while bad, are 100 times greater than investing with a proven scamster.
Is charliedaubitz just an idiot or is he part of the scam ? There are only 2 options.
afterhours trading is meaningless and can easily be manipulated.
12+ years ago I owned one that was being manipulated every day after hours for about 2 weeks. I sold small amounts afterhours and then bought back the next day at regular prices.
I think at the time I was using Datek, a broker who let you place GTC orders for both regular and extended hours.
My current broker does not allow that. I can place afterhours orders but only day orders.
The scammers ended up getting caught & their hand slapped by the SEC. Apparently the price increase attracted buyers and they sold into it. I was just a lucky benefactor.
See :Complaint: SEC v. Kin H. Lee
Well, you can buy more or buy rights to buy more at $250.
Im guessing some fund managers are doing some unethical things here.