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GRYF is quite new. Many times, u will see the IPO price, then a decline like this, then it gets rolling. That's what I think is happening with GRYF. It's gonna go - too many good fundamentals.
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I can't pick up any shares, my online broker won't accept the price, says it is invalid for this stock, so I guess I will watch and root for all you!
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How long does it take for Pink Sheets to settle before using the funds to re-invest? I just took a profit from this and I would like to get back in!
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FOT nice call!!!! I got in @ .0005, got my sell order set @ .001 for a nice double... doubt it'll get there today but you think we should stay in longer?
-------------------- Wide diversification is only required when investors do not understand what they are doing W.Buffet
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quote:Originally posted by dreamer_rick: I think I will stay longer
Same here, I will hang in there a little bit longer, sure wish that I picked up more yesterday with the initial thread of FOT. Oh well shoulda, coulda, woulda. In any case I have enough
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by dreamer_rick: I think I will stay longer
Same here, I will hang in there a little bit longer, sure wish that I picked up more yesterday with the initial thread of FOT. Oh well shoulda, coulda, woulda. In any case I have enough
I am in for a while... amer bulls will change this to a buy if for tomorrow... then if we get one more white candle... buy confirmed. the chart is at the bottom and is reversing. These things take some time and don't happen overnight! I do not see any profit taking til at least 0.001 and then only a little! I am in until Nite jumps on the ask which may not be until .0013! We are up today on good volume and will continue! Once people see the charts a read the TA confirmations, more buys will come in! And of course, we are due for some news which will only help push it up!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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Jmoove, Yeah, I sold @.0006 hopefully my funds clear for tomorrow to get back in. I have been burned playing these pinks so I am very cautious to say the least!
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I shouldnt copy the following post that I found @ raging bull..as I want to pick up more - but what the heck, it sounds too good to withhold:
Key Point on your future GRYF profits: Markets: The market is for the company’s products are individuals with poor to no credit history. Distribution Channels: Sales for the company shall be conducted initially at its flagship dealership. Competition: There are currently no sub prime used car dealers in operations in Kamloops, BC Canada OVERVIEW Company Background: Autorama is a British Columbia corporation Corporation, which operates in Canada. As a registered car dealer in British Columbia, Autorama purchases wholesale vehicles from registered dealer auctions, refurbishes to insurable standards and sells the vehicles at a retail value currently returns on average 38%. The two scenarios that can be realized are a direct cash sale to customers in which full payment is made to the dealership or vehicle financing through its exclusive contract with AAA Advance Finance Corp in which full payment is made to the dealership from the finance corporation who then assumes the debt. All these agreements are lease to own agreements. Presently 80 to 90 percent of vehicles sold are being financed. Autorama has been operational for over 1 year with a monthly track record of profitability. Since its relationship with AAA Finance initiated at the beginning of April the dealership has shown a significant increase in sales and profitability. In April 2005, Autorama delivered a net profit of $42,000.00 on auto sales of $110,000.00. The significance of the relationship with AAA finance must be considered as it has given the operators of Autorama to be able to keep its customers ‘hot’ offering finance to these individuals without having to leave the premises thus not ensuring their return. Furthermore, Autorama has additional revenue streams that are factors in the overall success of the dealership that can be replicated for expansionary purposes. Auto detailing as well spot auto finishing are two services that on average return 100% or more. Another revenue generator for the dealership is the sale of life insurance with every vehicle sale nets the company $600.00 per vehicle. It is the intent of Autorama to position itself in the ‘sub-prime’ car sales niche which will result in the majority of car sales to be financed. The sub prime car sales and finance market is a multi billion dollar industry in North America. The company intends to expand to be able to provide service to this growing portion of our population today not only at its flagship dealership but to additional communities in British Columbia, Canada and North America.
Business Description: Autorama is an established used auto dealership. Website http://www.theautorama.com/ The Company's primary business is the sale of used vehicles sold through its flagship dealership in Kamloops, British Columbia, Canada. The Company has a financing agreement with a sub prime lender, AAA Finance. This important relationship ensures that Autorama has received full retail price of the vehicle prior to the car leaving the lot. Autorama also provides and arranges vehicle insurance for customers with challenged credit or no credit. The Company sells a complete range of vehicles, both domestic and import. Autorama is also in the process of establishing itself to invest in all aspects of automotive retailing including franchised used and possibly new car dealerships, independent used car dealerships, buy-here pay-here dealerships, specialty finance companies including sub-prime lenders and car title loan companies, premium finance companies that finance commercial auto insurance premiums and F&I marketing companies that market all aspects of dealership F&I and the automotive aftermarket.
In these early stages they are placing special emphasis on the development of the flagship dealership, branding it and expanding the dealership network as quickly as possible. From this expansion the capabilities of then providing solutions in insurance premium finance, automotive specialty financing including the originating of consumer loans as well as purchasing sub-prime loan portfolios, car title loans, after sale services plus warranty availability exists. Its flagship dealership in Kamloops, British Columbia, Canada. The Company has a financing agreement with a sub prime lender, AAA Finance. This important relationship ensures that Autorama has received full retail price of the vehicle prior to the car leaving the lot. Autorama also provides and arranges vehicle insurance for customers with challenged credit or no credit. The Company sells a complete range of vehicles, both domestic and import. Autorama is also in the process of establishing itself to invest in all aspects of automotive retailing including franchised used and possibly new car dealerships, independent used car dealerships, buy-here pay-here dealerships, specialty finance companies including sub-prime lenders and car title loan companies, premium finance companies that finance commercial auto insurance premiums and F&I marketing companies that market all aspects of dealership F&I and the automotive aftermarket.
In these early stages we are placing special emphasis on the development of the flagship dealership, branding it and expanding the dealership network as quickly as possible. From this expansion the capabilities of then providing solutions in insurance premium finance, automotive specialty financing including the originating of consumer loans as well as purchasing sub-prime loan portfolios, car title loans, after sale services plus warranty availability exists.
MANAGEMENT TEAM
Dennis Hewins Founder, Chief Operating Officer Atul Mehta, Founder & President Robert Doherty, Founder & Treasurer David Fiessel, Founder & Secretary
Industry: Used car dealership network Number of Employees: 3 + 1 part-time Future Auditor: Pricewaterhouse Cooper Monthly Gross Revenue: $110,000.00 CAD Cash on Hand: $42,000 CAD
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Oh yes, lived on it during lawschool, Dino BBq is the best, ever need anything from there give me a holler
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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quote:Originally posted by dilemma25: Why did it drop so much to begin with??
not sure but i think it was this news item nasdaq news for GRYF retiring 10 mil shares did not sit well with investors, made everybody nervous, especially newbies- the old shake and bake routine... this stuff's looking good... trying to decide where to jump in if it's not too late
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If you go to pinksheets.com, there's an article posted titled "Much unclear about firm claiming Toledo as home" ... not sure if that was before or after the drop ...
Anyway, I'm in for at least a double. Not sure if I want to risk holding on hoping for it's previous .01 - .03 levels ... Maybe I'll ride some free shares for that.
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