posted
ok well here's an explanation by the CEO....read on.... CEO email response-important read:
here has been my reply to those asking qustions about the R/S:
Everyone was complaining that under a penny there are too many traders and flippers. The stock price was slowly deflating on its own and was not getting any higher because of the amount of outstanding shares, despite all of the great news. A R/S would tighten up the outstanding shares and give a higher stock price.
It is important to note that we are not doing this in order to further dilution. As stated, the REG D is closed and we announced that there is no selling for a year. We also announced that we don't plan to do any selling even after that year. This is important because many companies do R/S in order to do more selling. That is not the case with us.
As far as why we put the news out today, Ken stated that we could not just simply put out the good news, or it would look like market manipulation.
I should remind everyone that the budget for SIIR was $2.7 million and that was the bottom end of what it is estimated that the movie will make in just foreign sales, and double that on the high end. And then factor in domestic. That was fantastic news that people had been waiting for, for weeks. It shows that we can make a good profit on our movies and it gives REAL NUMBERS and professional assessments rather than just company fluff.
It sucks that the stock price is down, but Ken stated that we could not just put out the good news or we are accused of market manipulation. I had written up the pr on Friday for release today, but Ken added the R/S note for this reason.
And again, NO COMPANY SELLING OF STOCK FOR A YEAR. This was not done in order to further dilution or anything like that.
posted
lol your the greatest tool in here. how many times do i have to correct you. how can i write that in a matter of less than 5 minutes after i posted my last post. These are facts a**. lol i corrected you once don't make me make you look like an a** and do it again.
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posted
Anybody that has traded pennies for any length of time knows that an RS or even talk of it is the WORST thing a company can do. If that 'email response' is real then he is truly a novice at using stock to support his company.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse.
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posted
haha hey blind which bashing company do you work for? your incompetent. here's what you stated, and your so convinced thta your so right. " Anybody that has traded pennies for any length of time knows that an RS or even talk of it is the WORST thing a company can do. If that 'email response' is real then he is truly a novice at using stock to support his company. "
here's what the SEC says about a R/S
Reverse Stock Splits
A reverse stock split reduces the number of shares and increases the share price proportionately. For example, if you own 10,000 shares of a company and it declares a one for ten reverse split, you will own a total of 1,000 shares after the split. A reverse stock split has no affect on the value of what shareholders own. Companies often split their stock when they believe the price of their stock is too low to attract investors to buy their stock. Some reverse stock splits cause small shareholders to be "cashed out" so that they no longer own the company’s shares.
A company’s board of directors may declare a reverse stock split without shareholder approval. Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws govern reverse stock splits.
If a company is required to file reports with the SEC, it may notify its shareholders of a reverse stock split on Forms 8-K, 10-Q and 10-K. http://www.sec.gov/answers/reversesplit.htm
Read what a R/S is turd. stop trying to misguide people on the boards.
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posted
ok since your blind BLIND and therefore you can't read i'll explain about Reverse Splits. For one thing, it increases the PPS for the shares that are left as it is stated by the SEC, giving the stock a little more crediability! It reduces the amount of shares outstanding which reduces huge swings up and down! I think a reverse split is necessary with IPRE IMO...
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Who the heck are you and what's your agenda? Most of us have been through or seen enough R/S here in Pennyland...No one is bashing IPRE.... just reacting...so what's your deal?
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posted
Pinks aren't required to file with the EC on all/most of their actions/decisions. A pink can make any decisions/changes they want behind closed doors and then surprise their stockholders with no notice at all. It's done an a regular basis. I've been burned with instant RS's a couple of times.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse.
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posted
is R/S a done deal? as far as the info given in the pr there'll be voting, which means there may or may not a be a R/S. Other than that the pr was a great news.
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posted
Folks... Sometimes when a stock tanks like this one has today...a few folks who got caught holding the bag like I did will start talking up the advantages of an R/S to get people to buy their shares...
Other times MM's will place scabs on the ****s to pump or bash depending on the way the wind is blowing...Make your own decisions and be careful of theives in the night...IMHO
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posted
the defintion of an R/S sounds OK but I and many others who have traded pennies for YEARS know that the VAST MAJORITY of R/S`s cost investors who hold through it to lose 50/80 percent of thier original investments or more! it can take months for the price to come up after the intial post R/S crash for long holders to make back even half of thier money. better companies do recover after the post split crash but it is extreamly rear for long holders to come out with a profit. good luck to all! sincerly!!
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bear...like i said i'm a newbie here and i'm in no way trying to pump this stock. i just want to inform people with FACTS. I have no hidden motives whatsoever. i've seen too many people take advantage of newcomers. That's is why i'm trying to post facts and not misguided info like what blind has stated and is so convinced of. my advice is DON'T believe in everything you read. don't even believe me, but do your DD and you'll find your answers. In doing it you have to find FACTS and that's what i'm trying to bring here.
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quote:Originally posted by millionaireat30: ok since your blind BLIND and therefore you can't read i'll explain about Reverse Splits. For one thing, it increases the PPS for the shares that are left as it is stated by the SEC, giving the stock a little more crediability! It reduces the amount of shares outstanding which reduces huge swings up and down! I think a reverse split is necessary with IPRE IMO...
Since you are so lucid about RS's, please produce a couple of pink stocks that have done an RS and then had their stock pps improve. Every RS I have ever seen or been a victim of has seen the stock be worth a lot less after the RS. Oh sure the opening pps will be a multiple of the RS ratio....then it moves DOWN over time to a value that is usually LESS than the previous stock pps prior to the RS.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse.
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posted
Well Millionaireat30...I'd like to believe you...but...attacking a respected member with insults is not an effective method to get anyone interested in listening to your point of view...Maybe try another method...that one tanked ...
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ok i know what you are trying to do. you are taking advantage of the fact that i'm a newbie and i don't have the necessary experience that would allow me to give you that answer. i admit i don't have that snwer yte, but give me time and i'll dig one up for you.
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posted
Once tha latest PR was published the MM's probably saw a great opportunity to short the daylights out of this stock and right now want as many to buy at these levels so they can make a killing as the pps drops. JMO
I want the pps to go up and that will stick it to the MM's.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse.
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quote:Originally posted by vinnie1: trust your own gut this rs is a done deal.
Agreed Vinnie1... Ya know...funny but...If the CEO is so convinced this is such a good thing he should have "publicly" stated that in a PR...instead he slipped it in the tail end of todays PR and supposedly sent an e-mail stating his confidence in this decision as the PPS is tanking...WTF's with that...hey??
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quote:Originally posted by im da man: I have a million shares with an average of .0033.. What should I do? I really don't want to take a loss and the R/S never happen
That's a hard decision. I'm in at .0028 and have the same dilemma. Hopefully the pps will bounce back enough before the POSSIBLE RS that I can get out with a minimum of loss.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse.
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quote:Originally posted by BlindMellonChitlin: Once tha latest PR was published the MM's probably saw a great opportunity to short the daylights out of this stock and right now want as many to buy at these levels so they can make a killing as the pps drops. JMO
I want the pps to go up and that will stick it to the MM's.
Did you notice the MM's took it down using 5K signals and not a heck of a lot of volume? They started scoffing up shares at .0018 as it dropped...Folks started buying in at .0014 and .0015...
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im in at .0043, 0039, .0021 and .0015 im gettin' burned really bad most of my money is in this. lets see what it does i'm holding long
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posted
guys we all know that penny stocks are all garbage so we play the odds the deal is to win more then you lose if anyone cant understand that they need not play or you will lose.just another day in penny land
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