posted
I understand that there is already a GFYF thread, but this is not a DD thread. I just see GFYF playing out as a good swing play for a few reasons.
1. There is still attention on it after last weeks run. 2. Volume is still high, with both active buyers and sellers. 3. The intraday swings have been pretty big. 4. Low cost. 5. Although there is a higher risk, that grants the opportunity for a higher reward!
posted
what do I see...this seems to bounce up after approaching the middle bollinger band. It is almost there...GFYF moved up to 0.003 earlier today, and will probably get there again between today and tomorrow.
in my opinion, if it continues dropping to about 0.0022 or 0.0023, that would be a great buy in time to buy and a sell could be around 0.0028-0.0032
posted
Yes Hippo I agree. I played this one last run. and I will wait for it to go down again to .0009 for another chance at 4x profit.
Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
sorry ---i hate to be the bearer but---i wouldn't joke about something like that... just out
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------------- FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 --------------------------- GFY FOODS, INC. --------------- (Exact name of registrant as specified in its charter) Nevada 87-0382438 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 601 Deerfield Parkway Buffalo Grove, Illinois 60089 (Address of principal executive offices) Amended and Restated 2004 Benefit Plan of GFY Foods, Inc. --------------------------------------------------- (Full title of the plan) Nevada Corporate Headquarters, Inc. 101 Convention Center Drive, #700 Las Vegas, NV 89109 (Name, address, including zip code, of agent for service) Telephone number for Issuer: (847) 353-7554 CALCULATION OF REGISTRATION FEE ------------------------------------------------------------------------------------------ Title of Securities Amounts to Proposed Maximum Proposed Amount of To be be Offering Price per Aggregate Registration Registered Registered Share Price Fee ------------------------------------------------------------------------------------------ Common Stock, 1,000,000,000 (1) $ 0.0033 $3,300,000 $ 418.11 $0.001 par value ------------------------------------------------------------------------------------------ 1) The Amended and Restated 2004 Benefit Plan of GFY Foods, Inc. authorizes a total of 1,750,000,000 shares, 750,000,000 of which have already been registered under a Form S-8 filed on January 20, 2004. (2) Bona Fide estimate of maximum offering price solely for calculating the registration fee pursuant to Rule 457(h) of the Securities Act of 1933, based on the average bid and asked price of the registrant's common stock as of a date within five business days prior to the date of filing of this registration statement. In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this Registration St
posted
According to Ameritrade their o/s was 2.1938 billion. I'm still looking at their filings on the SEC site to confirm it.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Glad I'm on freebies. Thought I saw 4 billion O/S, and April 20, or 22, they Authorized another 4 billion,, and now released a billion of the A/S.
[This message has been edited by will (edited April 27, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by Trade_Maker: i sold most my gfyf shares today i figured i would keep a few but i'm down from .0035
maybe i'll pick it back up if it runs for .01 or even .004
but if it trends below .002 i think the stock could just lose investor interest
this is the important thing... a LOT of people may still be in from the 0.005 range, and they may look at this as an opportunity to avg down, etc... it wont lose interest that quickly simply because of the run.. as a swing play, id call it risky at best now. With a billion new shares, this is a new stock as far as im concerned, and we dont really know resistance/support! I could forse this scenario: Dilution takes it down, OBViOUSLY. Now, it can run LOWER than market condtions dictate because of fear and panic, etc. It will correct back up. If you can hit this on its low, i would expect to make some money. it is risky, tho.
posted
Anybody!!!!!! I need help (so much for Being TradingWizard). I bought GFYF at 0.0064, and now all this news. Should I wait for the recovery, or if it goes below 0.0009 - buy more and average it down. I did not tell my spouse yet...so I need ideas fast - otherwise I will have to look at it as a long term investment and sit tight for a long time.....even mental support will help....What a embarrassment - that's what I get for not doing my homework.....HELP! Posts: 1021 | From: Canada | Registered: Feb 2004
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posted
I lost enough money on this piece of crap already . . . ain't gonna pull out until the next press release. Bought in at .0043
Posts: 113 | From: New York | Registered: Apr 2004
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quote:Originally posted by GREGDOGG: HOOOLLLYYYY CRAP !!!! RELAX !!!!!
If this scares you, you probably shouldn't be a penny stock player. Your skin is too thin.
You all need to decide if your "daytraders".
If you want to be a daytrader I suggest you follow Bob or Dardadog.
I am what's called a "long", in for more than a week/month. Buy and wait.
We're all losing money, just put in a sell at .01 for a month and wait.
You also dont want to be too relaxed, especially in the pennies. They have reason to worry! This is the second time in a week that more shares have been sold. This would immediately raise some questions from me. Granted, they could be using the money from stock sales for development, but no one can know for sure. I think long term, GFYF may have some potential, but who really wants to wait that long. I think GFYF will be moving up. A good PR could shoot this up at anytime. Also, there are a lot of people who bought high like you guys who wont be selling till they make their money back. Volume is still high enough to draw attention here.
quote:Originally posted by Nostradamus: I lost enough money on this piece of crap already . . . ain't gonna pull out until the next press release. Bought in at .0043
I got in at .0051, I placed a sell order @.003 hoping it swings later this week, I feel I have a better chance of getting my money back with a stock like IBZT or GZFX, I'm not about to hang around and see how low the stock goes with 1 billion new shares added to the mix. This company does not seem to be pursuing a strategy consistant with creating shareholder value.
posted
Here's what I've found so far. FRom their 10Q filed on 2/17/2004:
The total number of shares of the registrant's Common Stock, $.001 par value, outstanding on February 12, 2004, was 439,266,161.
Then an 8K was filed on 3/30/2004 containing this:
On March 22, 2004, the Registrant increased its number of authorized shares of $0.001 par value common stock from 2,000,000,000 to 4,000,000,000.
On March 24, 2004, the Registrant authorized the issuance of one billion (1,000,000,000) shares of restricted common stock to Ed Schwalb, the president of the Registrant. Under the terms of the Registrant's employment agreement with Mr. Schwalb, Mr. Schwalb is authorized to maintain an ownership percentage of seventy percent (70%) of the outstanding shares of the Registrant. After the issuance of this stock, Mr. Schwalb owned approximately 60.5% of the total common shares outstanding.
Another 8K filed on 4/8/2004:
After the acquisition of the Elkhart Frulatti franchise, the Registrant will have 2,593,265,161 shares outstanding.
8K filed on 4/21/2004:
On April 20, 2004, the Registrant amended its Articles of Incorporation to increase its number of authorized shares of $0.001 par value common stock from 4,000,000,000 to 8,000,000,000.
And the most recent S-8 filed today
1) The Amended and Restated 2004 Benefit Plan of GFY Foods, Inc. authorizes a total of 1,750,000,000 shares, 750,000,000 of which have already been registered under a Form S-8 filed on January 20, 2004.
So adding everything up it looks like they have 9 - 10 billion authorized. As of the 4/8 filing they had about 2.5 billion outstanding. Where it stands now is anyones guess.
posted
anyone know what the news rumor for next week covers - was just told that it may go up ten times today's value -
Posts: 39 | From: California | Registered: Apr 2004
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posted
whatever the case... billions of shares set it up to reverse split whenever the time is right. I'm out with even money.
Posts: 150 | From: Kiev Ukraine | Registered: Apr 2004
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posted
Boy - this companies business management is terrible. Why all these filings so close to a good run? I won't invest in a company with bad business savy. Posts: 304 | From: Michigan | Registered: Apr 2004
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posted
not to mention the volume is crashing through the floor... my advise.. don't get caught holding the bag... wait for the bottom out before picking up more shares.
Posts: 150 | From: Kiev Ukraine | Registered: Apr 2004
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quote:Originally posted by Lutalo: not to mention the volume is crashing through the floor... my advise.. don't get caught holding the bag... wait for the bottom out before picking up more shares.
isnt that the plan with all stock purchases you are right, tho...this is risky, and who knows what other "good news" is to follow... this is a TOUGH play...be very wary
posted
I'm in free, if it goes to the .000X's I might risk some, and buy more.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Okay, anyone have any reason to believe this company is any better than the local bodega on the corner?
Posts: 113 | From: New York | Registered: Apr 2004
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you are right, tho...this is risky, and who knows what other "good news" is to follow... this is a TOUGH play...be very wary
