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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@ChrisParryalso, read what the ASC is going after $SJL on. That's a single news release that hid some details and bullshitted too much. Now the whole thing is being torn down, and insider trading charges coming.
@ChrisParry@JFC, here's how it actually works. Crappy penny stock sits on bottom for a year. Management turns over a few times and it eventually sputters back to life. Stock moves off bottom, and one of my guys looks it over. He says, "this doesn't look right," and I look it over. We agree the newsers are fishy, so we look deeper. The stock price runs higher on more fishy news. We start writing over a few days as we get more info in and notice execs not only padding their bank accounts with 10x stock, but also selling a bunch. Then PP news drops. We publish our story because it's relevant. Folks read story, agree with what we're saying, stock plummets. This is EXACTLY what happened with $SJL two weeks back. And the same folks claimed I was on the take.
@BlackstimThey often seem to do hit jobs on the good stuff. I've never shorted a stock, but did benefit from a SP drop when shorters were hitting $PLI. It recovered, and folks that could bloody their hands catching falling knives did well. $NDM on the other hand doesn't seem to have recovered, though they own one of the biggest copper/gold plays on earth. The only thing that gives me some pause is CP seems to have correct on $SJL which will only embolden him further on future short campaigns. As I do own $SJL, I hope they start offering clarification tout suite!
@ChrisParryMan, you guys really do talk some bullshit. "I hear there was a $2 million short on the stock." "CP and his dissident planned this a long time." "CP does nothing without profiting." Funny thing, all these accusations come from the same guy, who is trying to keep his deep red position from going deeper.
I spent most of a day here answering any and all questions you guys had about me. I told you I don't own the stock, didn't short it, don't know anyone who has shorted it, don't know any dissidents, and in fact I own 2c options from two company iterations ago that are well in the money now and would be more so if the stock went up - not down.
I'm a journalist. That's my 'game'. I build a readership by telling people when a company is a steaming pile dressed up as gold. Just like I did with $SJL when you guys were all talking about how great it was going to be when it hit a buck.
Your directors and CEO are selling their stock. They're doing so right before news of a PP which ANY experienced markets guy will tell you is VERY iffy legally, and they waited until a week after they sold to report it.
Do your DD, people. I'm flattered you think that I'm some evil genius who can snap his fingers and convince people to sell a good stock, but the reality here is I wrote enough about this company that smart people started digging deeper, and they sold because they didn't like what they were seeing.
UFC deals that don't involve the UFC. 'Biggest media platform in China' that isn't even in the top 10. Revenue deals that have yet to bring any revenue Directors selling their producer fees on films to the public company they run, in return for shares that they're now selling out from under you.
Your stock sucks, people. You can listen to @Playa2012, who you know is trying to protect his stake, or you can listen to an award-winning journalist with no dog in the fight who nailed it absolutely just a few weeks before on $SJL - while it was still going up. Your call.
@ChrisParryYou guys keep calling me out, then wondering why I show up. It doesn't matter if he sold a fraction of his holding on insider information, the fact is, Napora sold @50c just before the 46c PP was announced, Weibe sold @59c ditto, and Marlowe has been selling hand over fist as it has been dropping. $SJL insiders did the same, and are under ASC investigation for it.
@SarbAs of January 23, 2017, the Corporation has 197,556,860 Common Shares issued and outstanding.
In order to facilitate future financing, the Corporation’s Board of Directors believes that it would be in the
best interests of the Corporation and its Shareholders to consolidate the Common Shares of the Corporation
(the “Consolidation”) on the basis of one (1) post-consolidation share for up to a maximum of each four
(4) pre-consolidation shares (the “Consolidation Ratio”) subject to the foregoing, the Board of Directors
shall in their sole discretion determine the Consolidation Ratio which results in the Corporation continuing
to meet the TSX Venture Exchange distribution requirements and upon TSXV acceptance of the application
for such consolidation. The Board of Directors shall also be authorized to elect not to proceed with the
Consolidation, if the Board subsequently concludes that it would not be in the best interest of the
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