posted
Hamuuta you have to understand. People like the guy who posted above you are the tpe of people who had shares when the stock was an IPO. They seem to own the entire OS and always sell at the top of every run. This stock was trading sideways for months before the CC news. That news was huge and now that the NASDAQ people are cashing out who is going to put thr funds back in to help the stock move up. Please you were better off looking at other plays getting in and out and making nice profit when ever you got into the correct play. How many days has this stock traded millions of dollars only to close in green .01% Waste of time. The day this CEO highers a promoter or dilutes for his own reasons other then to help the stock everyone will be wishing they went with something else. How many OTC companies have nice news but has a huge o/s? ALOT! This is one of them. Once this stock trades under 300k in cash in a day only then will you understand how stocks like these work.
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posted
The CC contract was extended until March 15th, but I expect to hear something this week or weekend about it. If it wasn't going great they wouldn't have extended it.
quote:Originally posted by AgentX: Shares Outstanding: 1.21B
Thanks AgentX but how much as the O/S increased over the past month? Stocks like these you have to call the Transfer agent everyday to make sure everything is the same.
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quote:Originally posted by AgentX: Shares Outstanding: 1.21B
Thanks AgentX but how much as the O/S increased over the past month? Stocks like these you have to call the Transfer agent everyday to make sure everything is the same.
posted
This stock's chart is probably the most perfect example of how toxic financing works. Note the crest of the blue line on the MACD about to cross the red, and then the high volume trading day that a Technical Analysis would otherwise indicate should be skyrocketing. Instead, we get an MM shorting into the millions of shares that people are trying to buy.
HOW TOXIC FINANCING WORKS: Let's say a company has 1.2 billion shares outstanding and a PPS of about .0150 on a fictional date of January 4th. First off, they have to increase their authorized shares from 1.5 billion to say, 2.5 billion. Then, they enter into an agreement for "guaranteed financing" or any number of financing jargon where the financier has the option of buying stock at the lesser of 120% the average of the five days proceeding the escrow date or 80% the average of the five days following the escrow date.
On January 5th, into what would normally be a sharp increase, the financier shorts the stock to about %20 of what it was so momentum shifts and more people sell. This may end up getting them about 500 million shares at an average PPS of .015 per share, or $7.5 million. But remember, those shares they shorted have to be replaced. Thankfully, they thought of that ahead of time and had the company increase its authorized shares by a billion. Since momentum has shifted, they just sit and watch the stock for the next four days as it drops further. Then comes the payoff!
The financier then uses the money they got from shorting the stock ($7.5 million) to buy back the shares so they don't have the shortage. Let's say the 5th day trading PPS was .01, with an average PPS of .0125. Since the company needs 500 million shares, that will cost them about $5 million. They can then pocket the difference ($2.5 million).
The pink sheet/OTC stock is financed to the tune of about $5 million. The financier made about $2.5 million. And the investor who isn't aware of toxic financing just lost 33% of their investment in five short days. Welcome to the world of penny stocks.
As you can see, it is in the finaciers best interest to increase the PPS massively, or decrease it massively. As such, their favorite targets are penny stocks, and their favorite weapon is the short sell. Unlike shares of naked shorting on NASDAQ and NYSE stocks, these naked shorts are almost always approved of by the company, behind your back. The CEOs will never acknowledge they are doing this, because to do so is to kill any investor interest at all.
This is how PLNI, QBID, and now GZFX are rumored to operate. Be wary of investing.
CEOs will rip you off while sweet talking to your face. If one refuses to comment on toxic financing, or sign a waiver saying they will not sell shares (dilute) without a PR, they are a scam and should be avoided at all costs.
I cannot stress this enough.
[ January 12, 2006, 10:54: Message edited by: g-invest ]
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO.
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posted
So how come nobody mentions any of this stuff until after the stock has come crashing down...when its going up all is good....i guess all pumpers trying to make some quick bucks
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posted
G-invest I think you are far off base with this one. Many have been calling this company a scam for years when in fact the O/S is only 1.12 roughly and not the 5-20 billion ppl have claimed.
I know a lot of penny stocks are turds and you have been burned many times, but this company isn't one to through into the fire with QBID or the likes.
This company is growing and competting with the big boys. If this was a scam the A/S would be 50 billion which I believe it is only 2-4 billion and our O/S remains at 1.12. If this was a scam why are we filing and why aren't they dilutuing like crazy and raising the O/S?
posted
Hey guys, I'm a little new at this whole thing, so any info I could get would be greatly appriciated. First, I made the mistake of buying in at .011, so I'm down a bit, but I keep seeing a few words that I'm not to sure what they do, or how they affect the stock. What is:
GGI, o/s, dilution, and 10/ksb
any exta info on those woudl be appriciated sot that I can get a better understanding of the whole trading concept........Thanks in advance for your responses
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I just find it hard to believe that everyone was hinging everything on this CC deal, when in fact that could very well drive GNF into bankruptcy. WHY? Because they don’t have the capital to support advertisements in 55 stores month over month for a year plus paying CC for every new sub and still cut losses. How long do you think it will take to setup ads in 55 stores, a week, 2 weeks, a month? Heck by the time they get 1 month out of the way its time to start another batch. So do the math, it will take 3 months for GNF to turn a profit on every new sub they sign at CC.
As far as the company, I still say they have growth potential and plenty of market share potential, but let’s face it, NOBODY ON THIS OR ANY OTHER FORUM CARES ABOUT THE GROWTH OF THIS COMPANY. ALL EVERYONE WANTED WAS THIS STUPID CC DEAL, blah, blah, blah.
For those that are still in, I wish you all the luck because you might need it. For me, I need to make that 2K back, where’s my GOOG stock!!!
posted
WHY would you buy back this week? Even a good quarterly report isn't going to bust us through the walls and send us back to .02. Stay out for a month and wait till mid February to get back in. Yeah we may miss a little bit of a starting run waiting, but at least we don't risk buying in too early and missing out on it in the reverse direction.
I really doubt anyone can expect this to be the only time we see .008 until March. Personally I see it falling farther. This is a game of supply and demand and as Mystic and I have said before, it's the dumbest idea ever but it will make you money if you do it right.
Take the less risky investment. Wait it out. Go somewhere else for awhile. I'm sitting in google waiting for their quarterly report. Now that's gonna make a boatload and I won't really risk losing anything doing it
Good luck all! I'm going to concentrate on studies and movie making for the rest of the month now that my money is safe for the time being. I'll bounce back to this forum occasionally to see the mood and probably be posting often again in mid Feb. Laters!
-------------------- This is some pretty gay Mc. Bestiality.
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quote:Originally posted by pennnies: If this was a scam the A/S would be 50 billion which I believe it is only 2-4 billion and our O/S remains at 1.12.
The A/S is likely just enough so that the 500 million that was shorted on January 5th can be issued by the CEO and paid to the person who did the shorting.
If the CEO wants to do it again, they'll just raise the A/S. And who here is going to be the "buckwheatbob" of GZFX and state that just because the A/S increased doesn't mean the O/S is going to?
I have not been burned "many times". In fact, I actually made more on QBID the two times I played the swings than I ended up losing as a whole.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO.
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quote:Originally posted by jat35: HARSH REALITY BOYS AND GIRLS
I’M ALL OUT 353K SHARES WITH A NET LOSS OF 2K.
I just find it hard to believe that everyone was hinging everything on this CC deal, when in fact that could very well drive GNF into bankruptcy. WHY? Because they don’t have the capital to support advertisements in 55 stores month over month for a year plus paying CC for every new sub and still cut losses. How long do you think it will take to setup ads in 55 stores, a week, 2 weeks, a month? Heck by the time they get 1 month out of the way its time to start another batch. So do the math, it will take 3 months for GNF to turn a profit on every new sub they sign at CC.
As far as the company, I still say they have growth potential and plenty of market share potential, but let’s face it, NOBODY ON THIS OR ANY OTHER FORUM CARES ABOUT THE GROWTH OF THIS COMPANY. ALL EVERYONE WANTED WAS THIS STUPID CC DEAL, blah, blah, blah.
For those that are still in, I wish you all the luck because you might need it. For me, I need to make that 2K back, where’s my GOOG stock!!!
I HAD TO REPLY TO THIS TO KEEP SOME SENSE GOING BEFORE I LEAVE!
I'm not dissing you, but I completely disagree. The only way a company can make money is by investing money. If GZFX decided to just sit on what they had they would not grow. People don't invest on companies that make the same thing every report. They invest on companies that invest their own money and try to expand. If they don't do the CC deal, it's a waste of investors time to even stick around regardless of whether they are in green or red. You can't make money if you don't spend money. I made all my money off of credit card balance transfers. I had to get going through a loan in the beginning myself and I wasn't even starting a company. Now I'm just using plain old cash and yes, I feel safer because if anything goes wrong it's only my cash, but you gotta start somewhere. Companies can't go working for other companies to make money. They need to take debt to become profitable!!!!!!
-------------------- This is some pretty gay Mc. Bestiality.
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quote:Originally posted by pennnies: If this was a scam the A/S would be 50 billion which I believe it is only 2-4 billion and our O/S remains at 1.12.
The A/S is likely just enough so that the 500 million that was shorted on January 5th can be issued by the CEO and paid to the person who did the shorting.
If the CEO wants to do it again, they'll just raise the A/S. And who here is going to be the "buckwheatbob" of GZFX and state that just because the A/S increased doesn't mean the O/S is going to?
I have not been burned "many times". In fact, I actually made more on QBID the two times I played the swings than I ended up losing as a whole.
posted
I agree, spend money to make money, fundamental 1st rule of business. But no one on this or any other forum really gives a s**t about that. They wanted CC and when it did not come through, well the rest is history.
In my opinion, it will not matter if the company turns a profit this qty or the next. Only CC hype will drive the PPS up.
posted
To anyone who likes to look at stockcharts.com. This is getting close to a buy in opportunity. The RSI is at 36 (needs to touch 30) - The MA's are equal - The black line looks like it could be moving back towards the blue. The last time it touched the 30 mark was Sept of last year. The price went down to around .003 - .002, but then went back over .01. Sentiment and fear are driving this down. I don't own the stock but when the RSI touches 30 I will be back in guaranteed!!! I hope you all the best. GO GZFX!!!
posted
To give you an example of what I am talking about with the RSI look at these stocks on stockcharts.com and see what happened when the RSI line hit 30 and then what happened to the price after that. GMTH PLNI CESY ARGC.
posted
It really is sad. I'm not going to sell, and if i did it would be to buy in at sub penny prices to make bigger % on the next run. It is unfortunate though that people just rode this for the CC deal.
This is ONLY my opinion...don't buy or sell based on what i say.
people only banked on CC deal since it was announced in November. When it was extended they said screw this and left. The pps will remain low and will be representative of the longs like me in the stock that are left holding and waiting. If we get the website PR, any new programs PR, or acquisition PR, and also the 10K/QSB before March 15th it won't make much of a difference. Penny stock players bought into the hype of a penny stock company with a big boy CC. They don't care if the company makes a profit or if they have a new website. So i think the price of the shares will only go up a little on each of the PR's before the CC deal PR in March. I don't think there will be a run-up to the March 15th date but if the news is a full roll out i expect to see LOTS of buying in to ride the PPS higher. Then it will drop again due to selling of the people who buy and sell on hype, but it won't drop as low as it was before because longs would have accumulated more shares on the positive results and new longs will be in, then the share will be representative of how many longs are holding. But, if the news is bad, no CC roll out, most longs will sell out and the PPS will come down a lot. Pennies are a game. You can try and "cheat" by calling and talking to CC stores but only the management of both companies know whats really happening.
Only My opinions, hope you enjoyed the post.
-------------------- If you do your 20's right, You are set for life.
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quote:Originally posted by CrashtehLine: It really is sad. I'm not going to sell, and if i did it would be to buy in at sub penny prices to make bigger % on the next run. It is unfortunate though that people just rode this for the CC deal... Only My opinions, hope you enjoyed the post.
Yes I agree, it is sad. I had and still have great hope for the relationship of CC and GZFX. I will not sell my stock because I cannot stand to lose my money. I will wait for these companies to get themselves together. Sometimes those that wait patiently reap the benefits. Right now I have no choice than to wait, pray, hope everything goes alright.
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quote:Originally posted by pennnies: The CC contract was extended until March 15th, but I expect to hear something this week or weekend about it. If it wasn't going great they wouldn't have extended it.
WHat do you base this on? Everything the company has said about this issue is 100% opposite of what you are expecting.
-------------------- "Please note that every week from now until the end of time is a 'coming week.' "
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posted
Folks I think we need to sit down and look at what we have invested in the company and look at what the ceo of GNF had
he has 120,000,000 shares the other day when it was at .0170 it was worth $2,040,000 now at .009 its worth $1,080,000 !! Dont you think after looking at his account he had to dig his undershorts out of his butt crack? I sure as hell know I would! Well the coroner would because the heart attack would of killed me!LOL
This will recover,trust me! Now if he sells his shares off and the CFO sells his off,we all need to worry. when we lose a little money when the market is down,they are losing a **** load! Im in long and strong and backing the Mack truck up for more!
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