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GWAE
GWAE
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August 12th, 2016 at 11:38:05 AM permalink
Quote: Skeptic

That's exactly how so many otherwise smart people get taken to the cleaners with these scams. Your 150,000 share gamble is the equivalent of wagering $1,000 on a table game that you've never seen before without even reading or understanding the rules --- in a rigged casino.



Well to be fair and stupid/lucky, I guess more stupid. I know the Rigas's well (founder and scammer of adelphia). My memory is a little foggy now since it has been 10 years. During the scandel I bought stock at something like .10 about $500 worth. It went up to something like .60. Instead of taking the money out, I sold it and rebought it at something like .04. It went up again to a decent amount and I sold it again. I cashed out 1k and when It dropped to .01 or .02 I rebought it. After it was all said and done I profitted $500 and ended up with 143,865 shares of basically worthless stock. I should have just taken the 5k or whatever I had at the time and been happy but naw I sunk it all into company while they were in bankruptcy. Well since I did make a profit I was playing with house money, right ;-)
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
sammydv
sammydv
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August 12th, 2016 at 11:45:08 AM permalink
Quote: GWAE

Well to be fair and stupid/lucky, I guess more stupid. I know the Rigas's well (founder and scammer of adelphia). My memory is a little foggy now since it has been 10 years. During the scandel I bought stock at something like .10 about $500 worth. It went up to something like .60. Instead of taking the money out, I sold it and rebought it at something like .04. It went up again to a decent amount and I sold it again. I cashed out 1k and when It dropped to .01 or .02 I rebought it. After it was all said and done I profitted $500 and ended up with 143,865 shares of basically worthless stock. I should have just taken the 5k or whatever I had at the time and been happy but naw I sunk it all into company while they were in bankruptcy. Well since I did make a profit I was playing with house money, right ;-)



People like to call this 'free shares', where you're shares were not free as you paid for them. One only gets free shares if an insider, promoter or founder/owner of the company when they get them issued to them. That's why they can sell shares down to .0001 and still make a profit. You can not do this.
GWAE
GWAE
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August 12th, 2016 at 1:54:09 PM permalink
Quote: sammydv

People like to call this 'free shares', where you're shares were not free as you paid for them. One only gets free shares if an insider, promoter or founder/owner of the company when they get them issued to them. That's why they can sell shares down to .0001 and still make a profit. You can not do this.



Yeah they weren't free of course since the money from the sale was in my account. I just meant I used the profits to reinvest in the company.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
TwoFeathersATL
TwoFeathersATL
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August 12th, 2016 at 3:13:40 PM permalink
Quote: GWAE

Yeah they weren't free of course since the money from the sale was in my account. I just meant I used the profits to reinvest in the company.

I know some hot penny stocks, PM me. Can't post here, a couple of other members are watching ;-)
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
sammydv
sammydv
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August 13th, 2016 at 8:01:19 AM permalink
Quote: GWAE

Yeah they weren't free of course since the money from the sale was in my account. I just meant I used the profits to reinvest in the company.




Why? Did you read the lies by stock promoters and were swayed? Did you read the false information and broken promises by the felon foley himself in pr's and were convinced? Did you come in early and think ahigh was a straight up shooter and honest even though from all indications reading the past posts from everyone that EVERYONE told him his theories were full of shit and he was nuts? And then he proved he is nuts himself? Maybe at the time, you didn't know that a pink sheet company that doesn't file with the SEC is a flaming red flag and they are almost 100% hiding from the shareholders and governments? But that would mean you bought in before 2012 and it was another name. I'd really like to know, but you certainly don't need to respond.

I'm truly sorry you lost this gamble, but hopefully have learned from the mistakes. Penny scams are not 'investments', they're GAMBLING just like we do at the casinos. And like casinos, scam companies know all their cards in their hand and write the rules. And felon foley and nanotech play with a marked deck and rigged table.

Also, for future gambles, know that 'averaging down' is a total lie touted by paid promoters IN THE PENNY ARENA as the stock price, again almost 100% doesn't go back up, only down. The averaging down is something people do with real company's and real stock exchanges with stock like Ford or IBM were real companies have down times but are still there and almost always moves back up and you you regain your averaging benefits. The crime of paid promoters and criminal ceo's of total scams is they use the examples of real companies and real market techniques to sell the fake concept of their companies.
And people are fooled every day. And new fools are made every day.

I highly doubt you were one of the fools. I think you are a gambler looking for the edge for profit. But even gamblers have to read the small print on the lower half of the slot machine down were it says 0 for 3 blanks. And as a gambler, you've trained yourself to cut your losses and move on to the next table. Penny stocks are no different. Only the house edge is tremendously worse with scam companies.

gl and protect yourself and start reading the fine print on the glass.
wellwellwell
wellwellwell
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August 13th, 2016 at 8:10:35 AM permalink
uh sammydv,

I believe GWAE was referring to his experience with Adelphia.....not NTEK/NTGL.

Nice rant though.
GWAE
GWAE
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August 13th, 2016 at 4:16:13 PM permalink
Quote: wellwellwell

uh sammydv,

I believe GWAE was referring to his experience with Adelphia.....not NTEK/NTGL.

Nice rant though.



Yes I was, but that was a nice rant. Actually some of it still was true. I knew the owners/founders/executives and I was pretty much lead to believe it was all a misunderstanding and it would all get better.

http://money.cnn.com/2005/06/20/news/newsmakers/rigas_sentencing/

Sorry to go kinda off topic but this entire NTEK thing has struck close to home. Amazing with the Internet and all the info out there that this type of stuff still happens.
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steeldco
steeldco
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August 14th, 2016 at 5:17:57 AM permalink
If you were able to get a list of the investors (?) in this issue then I would bet that you can put them all into one of two groups. Either they had some connection to an individual with the company and were trusting of them, or they were uninformed and lacked knowledge and experience. No knowledgeable investors get fleeced in these things.
DO NOT blindly accept what has been spoken. DO NOT blindly accept what has been written. Think. Assess. Lead. DO NOT blindly follow.
sammydv
sammydv
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August 14th, 2016 at 12:57:15 PM permalink
Ahh. opps. Sorry. But I don't think I need to take anything back as it's universal with scams. I don't think it was off topic as we were discussing scams.
gl.
sammydv
sammydv
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August 14th, 2016 at 12:59:00 PM permalink
Quote: steeldco

If you were able to get a list of the investors (?) in this issue then I would bet that you can put them all into one of two groups. Either they had some connection to an individual with the company and were trusting of them, or they were uninformed and lacked knowledge and experience. No knowledgeable investors get fleeced in these things.



I would bet that's a pretty accurate assessment. But there's another group called promoters who don't trust anyone but take their money just the same.

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