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Yeah, it could bounce any day, but most likely it's on a non stop trip to rock bottom. The company leaders are out of control and diluting it to death. Actually it was $1.60 just 4 months ago.
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Mike, you have been pumping this POS every since it was .06 two months ago and it's been going down every since. It's even gone down since you started this fresh thread yesterday. The only people making money on this are the shorts and the dilution. The company PR's never says anything about their plummeting stock price as if they don't even care about the shareholder. If they ever turn things around and the pps starts to rise, then that's the time to jump back in. But now it's a sinking ship.
The old thread "ABSD 80 cents Last Week now .048 buying opp." has been locked, probably to hide the sad truth.
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This is a stock that has gone from $10 to $.007 in a year. There was no 80 cent bounce, and there probably won't be. It has nothing to recommend it...even the company website admits they have no prospects beyond hype.
-------------------- drysider
My advice is worth exactly what you paid me for it....
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quote:Originally posted by drysider: This is a stock that has gone from $10 to $.007 in a year. There was no 80 cent bounce, and there probably won't be. It has nothing to recommend it...even the company website admits they have no prospects beyond hype.
posted
gunna be huge monday morning im talking about 1000 percent gains thats right i said one thousand percent gains hold on to your hats ladies and gentlemen this stock is gunna surge like 1999.!!!
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I'm just gonna paste a post by madmoney and leave it at that:
On September 30, 2006, the Company had 200,000,000 shares of common stock authorized at a par value of $.001, and 21,408,750 shares issued and outstanding.
The company raised $83,580 with the issuance of 7,392,000 shares of stock. A beneficial interest was recognized of $74,750 to account for the discount. -------------ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
LIQUIDITY AND CAPITAL RESOURCES
At September 30, 2006, the Company had working capital of $175. The Company can rely on its Equity Line of Credit Agreement if necessary to fund operations.
RESULTS OF OPERATIONS
There was $0.00 in revenue derived from the Company for the three-month period ended September 30, 2006. There was $0 revenue for the three month period ended September 30, 2005.
There was $147,934 Operational Expenses for operations for the nine-month period ended September 30, 2006, compared to $4,492,455 in operating expenses for the nine-month period ended September 30, 2005. This decrease in operational expense is attributable to the impairment of goodwill associated with the disposition of a subsidiary in the first quarter of 2006.
There were no Sales and Marketing expenses for the three month period ended September 30, 2006, or SSeptember 30, 2005. [Eek!]
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5/30/2007 ABSD 1-300 R/S ** Atlantis Business Development Corporation Common Stock ATLB Atlantis Business Development Corporation New Common Stock
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