paypal has horrible service, greenzap will destroy them GZPN has good volume today i have bought a little on the pullback trying to flip this range could pay off especially anyone who likes holding long long term
Posted by DWE on :
Wow! What made this drop they way it did?
Posted by dirtdigger on :
maybe a seller, maybe market makers dragging it down like they like to do in the pinksheets you can see usually they do this and then it makes a pop , sometimes it breaks out but even if it only hits resistance that is still almost a double. still bringing liquidity to their market but i think this range is a great % flip.
Posted by MikeJ on :
From what I understand.
1) NPWV (the old trading symbol) did a 100 for 1 reverse stock split right before the aquisition to get rid of the old shares.
2) NPWV purchased greenzap for 75,000,000 newly issued shares.
This would lead me to believe that the greenzap board owned most if not all of the outstanding shares... and it was an extremely thinly held stock.
Since then someone has spent $110,000 to pump up the stock - now what normally happens in pump and dumps is that the stock is bought cheaply then pumped up - but the stock has done nothing but drop in price... So who would spend that much cold cash to pump the stock with pr postings, fax blasts and all sorts of other stuff. (See the disclaimer at the bottom: http://investors.com/breakingnews.asp?journalid=32180789)
1) They give away enough credit to new members to fund 25 transactions. 2) They do not accept credit cards for transactions 3) Ebay has banned listing greenzap in any auction. 4) I can't find any stores that actually accept greenzap as a payment method.
How exactly are they going to generate any revenue as a payment processor if no store, site or auction lists them? Especially if the first 25 transactions are free and they don't take credit cards?
I just keep circling back the the 75 million shares the founders were given...