Went from .02 to triple zero yesterday on heavy volume. Today bounced back to .0036 currently on much less volume, but already 3X the daily average.
This morning's PR:
Pine Ridge Holdings, Inc Announces Disclosure to Be Submitted for Pink Sheets Upgrade 10:05a ET May 6, 2008 (Market Wire) Pine Ridge Holdings, Inc (PINKSHEETS: PINR) CEO Kevin May announced today that the company anticipates submitting the proper disclosure to Pinksheets.com to remove caveat emptor designation by weeks end.
Pine Ridge specializes in the development and management of real estate projects. Pine Ridge currently manages Pine Ridge Racquet Club and owns Pine Ridge Fitness Club located in Fort Wayne, Indiana, a seven court, full service indoor tennis facility and Pine Ridge Fitness Club is a 12,000 square foot, premier fitness facility currently employing 35 people. In addition, the Company manages the tennis operations for Pine Valley Country Club, Fort Wayne, Indiana and a four court, indoor tennis facility in Warsaw, Indiana.
As a means to diversify, the company is also developing a technology arm that focuses on the identification and acquisition of small to medium sized high-tech testing facilities and other related technology companies.
May commented, "I am pleased to announce that I anticipate that within a few days the caveat emptor designation on the company's Pinksheets.com website will be replaced with a much higher level designation. It is a priority to build shareholder value and I believe being open and transparent is one of the first steps. I look forward to updating investors of the various opportunities as they continue to unfold."
"Health and Fitness is a 14.1 billion dollar industry, serving nearly 40 million members in the USA but it is highly fragmented with only a handful of companies having a national presence and the majority is regional or local. With the baby boomer generation reaching full retirement the opportunities and needs are great. This generation has moved our economy through each stage of their lives and retirement with good health is one of the next phases for the baby boomers," related May.
May continued, "I further believe that technology will continue to be a strong force in the United States, therefore I have plans to implement a roll up strategy for small to medium size high tech testing facilities. I will reveal more about this segment of the company as things continue to develop."
"With this in mind, I also would like to announce that I have retained the services of Brian Kistler, New Opportunity Business Solutions as the company's corporate financial advisor and corporate communications. Brian's experience and knowledge of the markets and financial structures will add great value to the company as we continue to further our plans," stated May.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Posted by PCola77 on :
I haven't read too much into this one, but it seemed to have pretty much no volume and a miniscule float, then suddenly massive volume and a 90%+ drop. I grabbed some in case this ends up being another "corporate hijacking" type thing. Not gonna go crazy like I did with BHUB, but I threw a few bucks at it at .0030
Posted by T e x on :
The possible clusterphk is that CCCX/AEEI thing...
Posted by PCola77 on :
Saw something about that on TGL, but didn't read through it. What's the deal?
Posted by T e x on :
I don't see either of them as valid symbols. Were some of them able to buy somehow?
Posted by kermit42 on :
You guys are talking about some other stock here, right? Which is just as well since PINR is not holding its gains today.
Posted by PCola77 on :
Yeah, sorry for hijacking your thread Kermit...
If it helps any, I still have my shares of this one from .0030 Posted by PCola77 on :
Down almost 50% now. Someone just unloaded a bunch, I guess...
Posted by BooDog on :
P check out my info in EESO, you may find it inerestin about how this is tied with a couple others. The timing is very convenient.
Posted by PCola77 on :
Thanks Dog. Just added 175K at .0020. Now run, you pig! Posted by PCola77 on :
Fairly big spread now, but moving up. .0021 x .0025. My average is about .0023, so although the last trade was at .0025, I'm still in the red since the bid is .0021.
Posted by SoAngel on :
I tried to get in on this at .0018 but Scottrade was requiring me to make the phone call and I didn't feel like bothering with it. Good luck to you!
Posted by PCola77 on :
The float was last reported to be like 1.2 mil, but seeing as like 100mil+ traded the last couple of days that's obviously not true. On IHub, I think I saw that someone said the float is now 201 mil and the O/S is 301 mil. So the volume is still pretty high, but I no longer think this is anythign more than a bounce play.
quote:Originally posted by PCola77: I haven't read too much into this one, but it seemed to have pretty much no volume and a miniscule float, then suddenly massive volume and a 90%+ drop. I grabbed some in case this ends up being another "corporate hijacking" type thing. Not gonna go crazy like I did with BHUB, but I threw a few bucks at it at .0030
Posted by kermit42 on :
I got in as a bounce play, but if they don't bounce pretty quick, they tend not to bounce at all (see AECS or VDTI).
The group running this play is related to the group that ran EESO ("is running" I should say--I still have shares!) and so far it's playing out pretty similarly.
Posted by PCola77 on :
Hmm, so you think it may run one of these days too? I put less than $500 in it, so I'll probably let it ride for a bit.
Posted by kermit42 on :
I'm starting to wonder--today's letter to shareholders was not what you normally look for when kicking off a new pump. But it did let me pick up more shares at .0012 so my break even point is only .0018
Most of the MOMO crowd still believes in it and, if they're wrong, I don't need much of a run from here to go green.
Posted by kermit42 on :
Nice close after the morning dip. Possible turn around here.
Hammer time!
Posted by BooDog on :
.0008 you doin anything with this one IMAKE?
Posted by kermit42 on :
Ok, not that last time. But maybe this time. A double bottom was set this week and today it moved up 30% on almost no volume. A little volume and it flies.
Posted by a surfer on :
all towards the last hour... Hmmmm.
Posted by PCola77 on :
Wow, up over 100% today and suddenly I go from down over 50% to in the black in under two days. Nice... God thing I never got around to bailing on this the otehr day when I was going to.
Posted by T e x on :
SELL!
Posted by PCola77 on :
D'oh, I wasted my time posting here instead of selling, I think I missed my window... that was stupid.
Posted by kermit42 on :
I sold at .0023 and .0024 and have bids sitting at .0015. The PR talked about more PRs. Could be the pump is starting.
Posted by gumzsa on :
In at .0020 yesterday. Heavy buying EOD.Morning asking .0030 bidding .0027. Fun day ahead yall.
[img]http://img252.imageshack.us/img252/5044/05202008093011fp0.png[img]
Posted by gumzsa on :
trying to display L2---
Posted by PCola77 on :
Got out at .0027 and actually managed to make a profit. Shocked, honestly...
Posted by BooDog on :
PINR, EESO AND ADCS runnin purdy close like i thought they would. eeso keeps bouncin.
Posted by JimSC on :
0.0009
Posted by sunny on :
lots of volume today. little movement...hmmm.
Posted by kermit42 on :
Say what? Lots of volume, lots of movement.
Double bottom at .0007, should be good for a quick 1 or 2 bagger from here. After that, we'll see.
Posted by JimSC on :
Be careful, check with pink sheets dot com first. A predilution run has been done already. They may just dilute without any run.
The best way to play this game is to find out a stock that has been R/Sed and taken done. A good entry point is to wait for about 7 days after it hits the bottom. Never play after the predilution run.
Posted by JimSC on :
PINR just got her predilution run, so the chance it will run soon is small.
Examples of predilution runs:
WEHI, GLCP, GRMU, ADCS.
**** The best way to play this game is to find out a stock that has been R/Sed and taken done. A good entry point is to wait for about 7 days after it hits the bottom. Never play after the predilution run.
See who can find out the next one for predilution run.
Posted by kermit42 on :
We'll see. Past experience with Kistler plays is multiple bounces with lower highs that eventually peter out. This one went to .0044 and .003, should top out around .0023-.0025 this time.
Posted by JimSC on :
If dilution is done, it could have a second leg. Check with TA before playing.
Posted by kermit42 on :
Time to take another look. The trading has been slowly strengthening this week. .0003's are still available for the patient and that looks to be a safe entry. Lots of .0004's and some .0005 going through too.
Posted by kermit42 on :
Pine Ridge Holdings Announces Plan for Spin-Out Friday June 20, 1:32 pm ET
FORT WAYNE, IN--(MARKET WIRE)--Jun 20, 2008 -- Pine Ridge Holdings, Inc. (Other OTC:PINR.PK - News) CEO Kevin May announced today spin-out plans for ServeNation and a potential future dividend.
ADVERTISEMENT Over the last several weeks much time has been spent examining how best to take advantage of the ServeNation holding. Although there is no question in our minds that ServeNation could be a strong long-term hold, we also realize that with the potential valuation model for Internet-based companies, the opportunity to market ServeNation is also a viable option.
As a result we have already started working with a local M&A consultant to assist in the valuation model and marketing of ServeNation. A simple yet accurate financial model has been built in that for every 50 orders per day on the ServeNation site, the value of for PINR holding increases by $20 million. As soon as sales reach 100 per day, we will begin the process of marketing ServeNation for sale.
ServeNation is currently averaging 10 orders per day. It is now management's goal to shift from a long-term growth plan to a short-term sales burst. More details about the M&A group in future press releases. Proceeds from the sale of ServeNation will of course be used to acquire additional holdings. However, to show just how strongly management is focused on shareholder value, a portion of the sale of ServeNation will be allocated as a dividend -- almost unheard of among Pink Sheet companies.
May commented, "Every step we have taken has been to increase shareholder wealth. I knew on day one that ServeNation could be the cornerstone of PINR. I believe that we can grow the value of the company in just the next few months to $40 million. At that point, all effort will be employed to sell ServeNation."
May continued, "To keep our shareholders abreast of each step towards the sale and the unprecedented dividend this potentially represents, we will be providing regular updates on the PINR website. When I started PINR, I knew that the shareholders were the key to our success and I intend to reward them for their loyalty. I want to be upfront about our goals and then share on a regular basis our progress towards our goals."
Additionally, the Company has accepted the resignation of Brian Kistler and New Opportunity Business Solutions as the company's corporate financial and communications advisor. The Company intends to announce a new IR firm at a subsequent date.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Contact:
Contact: Pine Ridge Holdings, Inc. Kevin May President/CEO 260-637-1551
Posted by Bobbie ILLz on :
.0009
Posted by kermit42 on :
Possibly warming up for another run. A few weeks back, the company PR'd a goal of adding 500 stores to its gift card list by November, but just in the last few days they have added about 150 and claim they will have 700 by tomorrow--5 months ahead of schedule--and including some big names like The American Red Cross.
Expecting a PR in the next few trading days. It just upticked to .0004 on light volume so the PPS hasn't done much yet, but PINR's runs tend to be at least 100-200% in a few days and it might be gearing up for the next one.
Posted by kermit42 on :
Heating up again. PINR closed today at .0006 on heavy volume, up 100% on the week. Company website posted the following today:
PR Schedule Announced July 31, 2008
Fort Wayne, IN., July 31, 2008 - Pine Ridge Holdings, Inc (Pink Sheets: PINR) CEO Kevin May, announced today that at least three press releases will be issued between August 4-8.
May stated, “It has been nearly a month since the last release of information concerning ServeNation, LLC. In that time, the ServeNation and Pine Ridge Holdings staff have worked hard towards the goals that were outlined in previous releases. I have instructed ServeNation management to finish this week and then over the weekend to report to me in three specific areas so I can consolidate this information as PR’s to the PINR shareholders. The areas that I have requested information from and will update shareholders on are:
A progress update of the three areas of our spin-off strategy (stores, independent contractors and purchase education) with specific information related to campaigns, territories covered and education strategies.
ServeNation’s work and future with the American Red Cross.
Progress as it relates to site traffic and what progress has been made as it relates to the previously unreleased information about potential ad revenue on the site.
This press release contains certain “forward-looking” statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company’s ability to develop operations, the Company’s ability to consummate and complete the acquisition, the Company’s access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company’s public announcements.
SOURCE: Pine Ridge Holdings, Inc.
CONTACT: Pine Ridge Holdings, Inc Kevin May 260-637-9090
Posted by kermit42 on :
Closed at .0007 Friday on decent volume (50 mil), up 75% on the week.
Keep an eye out Monday. I expect a gap and pull back before a breakout run.
Posted by kermit42 on :
.0008 A tick a day--not bad for a triple zero.
Afternoon news:
Pine Ridge Holdings -- ServeNation Goals Surpassed and Increased 3:14p ET August 4, 2008 (Market Wire) Pine Ridge Holdings, Inc. (PINKSHEETS: PINR) CEO Kevin May announced today the early goals for ServeNation have been surpassed and increased.
May stated, "As our shareholders know, ServeNation became a unique opportunity for Pine Ridge Holdings. It contains a great business model, a win-win as it relates to social responsibility and what seems like unlimited growth potential. The current state of dot com models is such that the valuation for a revenue generating dot com like ServeNation is 3.75 times gross revenue. The decision was made to abandon a long-term strategy and to create a very specific and aggressive plan to build ServeNation through the holiday season. Then, using a skilled merger and acquisition firm, put the company up for sale. I have stated in the past and continue to state that part of the proceeds from the sale of ServeNation will be distributed in the form of a dividend and part used in the acquisition of additional high growth holdings. The math isn't hard. $15,000 a day in gift card sales puts ServeNation's value at $20 million.
"Andrew Maley was hired as Vice President of Sales and Marketing for ServeNation to aggressively pursue the three parts of the strategy to get us there -- 1) by October 1, hire 15 independent contractors across the country to build the number of gift card stores and then assist functioning stores with sales. The count as of today is 14 with others being interviewed. This goal will easily be surpassed in August. 2) Aid in the creation of 500 gift card stores by November 1 -- the beginning of the holiday buying season. Gift cards sales totaled $26 billion during the holiday season of 2007 and it is estimated that 500 active gift card stores will generate more than 100 orders per day. As of today, more than 650 stores have been created and I am revising the goal to 1,000 by November 1. 3) Aid in the education of consumers using the store. Having a store isn't enough; consumers must buy from it. ServeNation continues to work on tools to aid the non-profit entities however; Andrew has started work on our most exciting addition. Scripts are being written for video presentations that will be found on the ServeNation site. By September 15, anyone either wanting a store or wanting to promote their store will have video support by simply going to www.servenation.com. The education part of the strategy will be completed 45 days ahead of schedule and include powerful tools to help buyers."
May continued, "The reaching of the three parts of our strategy 45+ days ahead of schedule and the need to double the total store goal shows the strength of where we are headed. To be more specific about the sale of ServeNation, we are already in close contact with the firm that we will use for the sale. Once we are able to release news on that front we will. We do want all of the holiday season sales on the books to increase the value as much as possible. Work has already begun to facilitate the sale when it is the right time."
May concluded, "As we get closer to placing ServeNation on the market, we will release all information that we can, knowing that some confidentiality agreements and non-disclosures are already in place. Those who have done due diligence on ServeNation know that what we have is unique and the uniqueness is part of our value. In the spirit of openness, I will share just one of the types of strategies we are using behind the scenes... non-profit boards tend to be composed of successful business owners. These owners, once they fully understand what can be done with gift cards, become huge customers for the non-profit gift store. Law firms can buy all of their paper using Office Depot cards. Construction companies can use Lowe's or Home Depot cards. And in perhaps our most exciting recent negotiation, trucking companies can use our gas cards. A regional trucking company can buy more than $300,000 in gas per month."
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
CONTACT: Pine Ridge Holdings, Inc. Kevin May 260-637-9090
SOURCE: Pine Ridge Holdings, Inc.
Posted by kermit42 on :
Wow! Has it been this long? PINR had a great week, up 400% on huge volume. Buyout news, etc. Looks to be waking up after a few months of dormancy for the best run it's had since last summer. The MOMO machine still has plenty of life in it.
Mike The Pike Productions, Inc. Signs Letter of Intent to Acquire Pine Ridge Holdings 3:03p ET April 23, 2009 (Market Wire) Mike The Pike Productions, Inc. President, Mark B. Newbauer, announces plans to purchase controlling ownership interest in Pine Ridge Holdings Company (PINKSHEETS: PINR) toward a reconstruction of its overall business model. The transaction is underway as both parties have signed off on a Letter of Intent issued by Newbauer yesterday. The reconstruction involves implementing a multi-faceted entertainment company with a priority focus on Feature Film development and production as well as Concert Promotions.
Newbauer is highly anticipating finalization so the company can move forward with projects it currently has in development. "We are very pleased with our decision to move forward with the company in this manner and feel it will facilitate materialization of the groundwork we've laid thus far toward an ultimate goal of becoming a 'mainstream independent' production entity." Mark and his sister, Beth Newbauer, founded Mike The Pike Films, LLC (www.mikethepikefilms.com) in 2002 to develop feature film projects and present the benefits of film production tax incentives to state legislatures well before it became an industry trend. Beth will be serving as Vice President of Mike The Pike Productions.
This year, Mike The Pike Productions was formed to expand the company's brand, enabling Mike The Pike to take on Music and New Media development. The team feels that their experience and key contact base in the entertainment industry will serve them well as they begin to develop a concert promotion division alongside the films currently in development.
Further Executive staff will be appointed over the next few weeks in conjunction with production announcements and steps toward the company's long-term goal of implementing a studio system in the Midwest or Southeast United States.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Posted by Danzo Big Dreams on :
Any word on about how much money per share PINR will be bought for?
Posted by Danzo Big Dreams on :
Well, in any case I think the share price will go up a lot higher than the .0005 that it is right now. I'm going to load up on PINR shares on Monday.
Posted by Danzo Big Dreams on :
I mean, even if the buyout is for only 7 cents a share, that would be ONE HUNDRED times higher than the share price is right now. I plan to buy about 600,000 shares of PINR on Monday to go with the roughly 100,000 that I've already got.
Posted by staind37 on :
good luck with that all
Posted by kermit42 on :
Don't know Danzo. Most people looking at this are noticing the tight connections between EESO and PINR. I expect any value to come not form the buyout itself, but form the energy of the new owner--I expect him to do something like what was done with EESO. Starting from .0001, if it has an EESO-like run, it will hit about .017
But who knows? It's in a strong resistance area right now and a lot of flippers are leaving. Things should go more smoothly if it cracks .001
Posted by kermit42 on :
.0011 and still going strong.
Posted by Danzo Big Dreams on :
Well, Etrade says that there are 807,000 shares outstanding of PINR. To me that number seems a little low considering the trading volume. I emailed someone from the company to ask him if the 807,000 figure is correct, but I haven't gotten a reply.
Posted by Danzo Big Dreams on :
I just looked at the investorhub page for PINR and they say there are 1,164,461,879 outstanding shares. I don't know when that number was last updated, but I think that's probably closer to the real number than 807,000.
Posted by Danzo Big Dreams on :
"I expect any value to come not form the buyout itself, but form the energy of the new owner--I expect him to do something like what was done with EESO. Starting from .0001, if it has an EESO-like run, it will hit about .017."
That would be awesome. How soon do you think it might get to .017?
Posted by a surfer on :
by the year 2098 ...... maybe.
Don't EVER expect anything from a pinky.
Posted by kermit42 on :
Danzo, the TA is not gagged and if you want to go to the horse's mouth for the OS, thats' where you'll find it (the phone number is in the IHUB IBOX). I don't know the exact number of shares, but it's about 1.25 billion. ETRADE must be showing the post-RS OS from last year.
Whatever PPS it reaches, it won't drift there. It will happen quickly, 6-8 weeks. It's been consolidating all week and looks ready to move up again.
The thing to watch for is the PPS going down despite huge buying volume. When that happens, you'll know PINR has reached its trigger price and the company is dumping. I don't think that will come while we're sub-penny, but you should always be looking for it.
Posted by Danzo Big Dreams on :
Well, I'm 100% ready for the eruption. I have about 2.6 million shares. This could be HUGE.
Posted by kermit42 on :
Once again, put PINR back on your radar. It is set up right now to close green today (it's even right now and it hasn't been even at this time of day since it started the conslidation phase last Monday). If it does, we should see round two this week. If it doesn't, then probably not yet.
Posted by Danzo Big Dreams on :
I just looked over the price per share history of EESO on Pinksheets.com. EESO's share price closed at 0.0007 on December 26, 2008. A little more than a month later, on the January 30, 2009 it closed at 0.01. I think it's quite possible that PINR's share price rises in a similar fashion.
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)
