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Strategies & Market Trends : The DD Maven -- Ignore unavailable to you. Want to Upgrade?


To: creede who wrote (405)11/29/2008 1:00:41 AM
From: shortsinthesand  Read Replies (2) | Respond to of 736
 
this is reply to rrufff... Ruff you have a way of twisting what I say a little?

I stated I liked the stock because they declared a dividend and not only a dividend but a quarterly dividend! Not because it was a pink sheet company type I like!

RE:you posted how excited you were that this pink sheet penny stock was the type you like and you gave some interesting bullish predictions.

Lets be clear about this. I don't like pink sheet stocks I was taken back that they declared a .001 quarterly dividend Period. No other reason. At first I didn't even care about the dividend but it was listed on the OTCBB list a few days after the company PR with the X-date, record date, and pay date.

Of course it is a first declaration of dividend and they have no track record of any payouts so only time will tell. Mt opinion was now the PINK stock might become a long term pick rather than the pump and dump that it was!

As far as the share count the AS is 500 million and the OS currently is 158 million. The restricted shares according to the company are for 3 years but you and I know how that goes so I am just going by the OS and based on the daily volume I would say the float is between 80--100 million not the 25 that the IH Ibox states.

The reverse split was done when Anviron bought the old shell company. I found out the other day like so many pinks some of those old shell sellers of the shell got some restricted shares and were trying to convert them. The company found out and had the TA suspended to stop the conversions. That issue was solved in the companies favor through legal means and now the TA is back up and running. you can call and they will gladly tell you the share count. 212-845-3206 is the TA.

As far as the company saying it had no INTENTION of paying a dividend ... well the word intention is a funny word isn't it? Used all the time by pink sheet companies and pretty mush says what it says. Looks like they changed their intention? They Xdate is in 30 days and the pay date is March 31st.. A bit of a wait so yes they could use this to sell shares I don't know. If they pay it and continue to pay it as declared for the next year this could turn out to be a good stock?

Currently it is high risk, has some management that have been involved in other shady pink stocks and any money someone would invest here now would be gambling money that one should be able to afford a total loss...

If the company is making the money and new deals they say? It could be a big upside potential here as well. Its very early in this stock so its hard to say. if the stock doesn't at least hold the one penny range or drops into the sub penny than I would say it is just another too good to be true pink scam.

hope this helps you?

regards

Sands