Just yammering out of boredomJust yammering because I am bored, no put downs or slights intended.
Share price MNY
There are possibilities galore, as to why the share price is down
One could be the story is not strong enough, yet . However it could be more complicated than that .
Example: Instead of lowering the PP terms to fill the PP. You let the buyers take down some cheap shares as incentive. It would be less negative than what IO just did and screw over the old shareholders by making the 5 to one roll back a 7 to one rollback. The PP is now at least 20% to 30% lower than all the free trading stock.
I would not purchase a .10 PP from MNY when the stock is buyable for.06 would you?
Now if I was Jim or anybody who bought early enough I would have already sold down my position of .03 and .035 stock first off @.08 then again @ .09. and for sure by .095 would be sitting on free or almost free shares.
On another note with regards to atocks mentioned here:
MMJ was a typical promoters dream from the get go. Create a massive number of super cheap shares pump her up and sell her down on a convoluted story. Turn off the lights on your way out.
I saw the story unfold but didn't play. The dreamers always get burned in that type of deal as they tend to get caught like a deer in the headlights and never sell. You can not go broke taking any kind of profit.
The TSE-V is picking up and the Vampires are ready to suck the life out of your savings. There are a whole whack of deals coming out with 50 to 200 million shares for under a .05 (dreams attached for free).
To each his own:
GPC: I cannot for the life of me figure out why anyone likes the "Gunpowder" deal . Lending money to finance a used car finance company sure sounds super high risk and kinda sleazy. If you like the story buy some, it is just not for me. I I know they are making other deals. Not everyone likes what I buy either.
PNN : to me has way to many cheap PP shares and a big float of cheap shares in the background. However the insiders did buy close to half the PP and that says something. The storyline seems OK but tough odds and oil companies need lots of cash to stay afloat. Albania isn't on a popularity list for investment and two drilled hydrocarbon-indicative wells are not producing wells. But it is still early in the story and if they hit a decent well cheap enough it could be a real good investment. Rookie in @.02?
I bought some PFN and that puppy has a big overhead of cheap shares in the hands of brokers, pumpers, insiders, experienced players, etc. I won't be hanging on to the full position in that puppy for the long play but am betting it will have a day or two in the sun. I will take all my cash off the table when opportunity comes calling and then re-evalute. In my opinion she be a HIGH risk investment and would not advise an unseasoned player to buy in.
I fiqure if you tell a greenhorn to buy don't forget to tell them how to sell down there position as well.
GLTA