quote:
Originally posted by stockguy123:
My opinion, get out ASAP. This company has a bad reputation for its reverse split history. The pps will probably drop like a rock at open. I've been burned on this one just like many others. Good luck with whatever you decide.
Thanks Stockguy - What would a good source to find the R/S history and what happended to the pps after the split?
.02 @ 9:21am
.015 @ 9:24am
.011 @ 9:30am
I had to have the Broker place the order because I can't get to it on the Web because the shares are not available.
Lesson learned: Never buy stock from a company that has had a reverse split.
I ever owned Am. Fire - ALMOST did 2 years ago when they were going to run Infomercials for Tree Safe or something - but they NEVER ran them. THey just lied and said they were going to. Excuse after excuse. But I have watched them along with a few others so I could learn how these scumbags work.
The BIG question is: WHY can companies like AFRT, GWDL or whatever symbol Gateway is now, and PCCL -Pacel - Do this CONSTANTLY and the SEC does NOTHING? They are literally getting away with stealing.
Can it be legal to do this all the time?
It's like a guaranteed 4 step thing with them:
Pump, Dump, R/S, Print more - and repeat the process.
quote:
Originally posted by Love the Market:
Clyde - that's not ALWAYS true. Some - but VERY few, have had RSs and gone on up over $20.00.I ever owned Am. Fire - ALMOST did 2 years ago when they were going to run Infomercials for Tree Safe or something - but they NEVER ran them. THey just lied and said they were going to. Excuse after excuse. But I have watched them along with a few others so I could learn how these scumbags work.
The BIG question is: WHY can companies like AFRT, GWDL or whatever symbol Gateway is now, and PCCL -Pacel - Do this CONSTANTLY and the SEC does NOTHING? They are literally getting away with stealing.
Can it be legal to do this all the time?
It's like a guaranteed 4 step thing with them:
Pump, Dump, R/S, Print more - and repeat the process.
It is stealing. I am going to file a complaint with the SEC. Probably a waist of time.
quote:
Originally posted by Love the Market:
.045??? Don't people EVER learn? Who the hell is buying that crap?
I have no idea, but this thing is headed back down already. The worse part is that AFRN probably has not started to dilute it yet. However, the people who bought this morning around .011 and were smart enough to sell made some good money.
Ric
YOU KNOW WHAT WE NEED. A tread that has know scams on them. Not ones you think are scams but know pump and dumps and R/S - dilute stocks and companys that have no business except pushing there dead stock.
quote:
Originally posted by Love the Market:
.045??? Don't people EVER learn? Who the hell is buying that crap?
YOU KNOW WHAT WE NEED. A tread that has know scams on them. Not ones you think are scams but know pump and dumps and R/S - dilute stocks and companys that have no business except pushing there dead stock.
Actually Ric - it's a GOOD thing the scams are posted here too...... So we can let the others know what we know. I'd hate to see newbies get screwed and have it leave a bad taste in their mouths for trading.
I'm by NO MEANS a basher - but I WILL warn people about the Gateways, AFarts, PAcels of the world. Even CDVJ and I own over $3000 worth of that crap = well, now worth about $400
quote:
Originally posted by Ric:
I agree. Man I don't know how this POS gets by with this. I wonder how many people has lsot there money on this. Wish there was a way to tell but I bet its a lot.Ric
YOU KNOW WHAT WE NEED. A tread that has know scams on them. Not ones you think are scams but know pump and dumps and R/S - dilute stocks and companys that have no business except pushing there dead stock.
Anyone who did ANY DD on this company would never buy it. This is the 4th R/S in less than two years. It's a total scam. It's been reported to the SEC several times... once by me... and nothing ever happens. Even Stockpatrol doesn't do anything. This company had ONE marketable product and they sold it off last month. DO YOUR DUE DILLIGENCE and you won't get burned by a dog like this. Do your research on AMFR, AFRR, AFRC, AFRT, AND NOW AFRN. All of these symbols in less than two years.
Ric
quote:
Originally posted by Whetstone:
Anyone who did ANY DD on this company would never buy it. This is the 4th R/S in less than two years. It's a total scam. It's been reported to the SEC several times... once by me... and nothing ever happens. Even Stockpatrol doesn't do anything. This company had ONE marketable product and they sold it off last month. DO YOUR DUE DILLIGENCE and you won't get burned by a dog like this. Do your research on AMFR, AFRR, AFRC, AFRT, AND NOW AFRN. All of these symbols in less than two years.
They go after people like Ken Schilling (IBZT) who runs a good company with some shipment problems or poor judjement calls but allow these scam artist from AFRT/AFRR/AFRN (or what ever they call their crooked selves today) to florish by stealing from its investors.
Dakota told you that......
------------------
Dakota
Just because I'm paranoid don't mean there ain't someone behind me........
AFRN what a scam!!! I'll file a complaint with the SEC. Here is the link:https://tts.sec.gov/acts-ics/do/complaint