Posted On: 10/30/2013 6:27:53 PM
Post# of 45510
You fail to mention if it was being pumped at the time. I am guessing it was.
The reason that PNCH is in the cellar is because there is nothing there to drive sales of the stock. CC is doing nothing, the websites are doing nothing, and now we have VU which appears to be doing the same (nothing). The ONLY way for PNCH to recover is for revenues to appear on the Q. Retiring shares MIGHT have a positive impact on the share price, but it would be temporary at best. I think most here agree given past actions by Steve, is that share structure increase will far surpass any reduction in share structure by retiring shares.
Steve likes to say that you can't build a media company without a lot of shares on the table. That is ridiculous. People here like to compare the share structure of PNCH with SIRI. Again... ridiculous. SIRI has subscribers and generates a lot of revenue. Every new car sold that I am aware of has satellite radio and Sirius is aggressive in going after the owners of new cars trying to get them to subscribe.
Even if people started watching VU, where are the ads that will generate the needed revenue? Who is in charge of bringing advertisers to VU?
Bottom line is that there is nothing in PNCH generating revenue. Steve's knee-jerk reaction is to dilute with millions if not billions of shares. The only good news is that the price can't go below .0001. As far as I can see that is the only viable entry point since it is obvious that is where it is headed.
Sad - I used to be pro-PNCH. I was the guy saying how stupid it was to think that billions would be added to the share structure and that the idea of the share price going down to trips wasn't to believed.
The reason that PNCH is in the cellar is because there is nothing there to drive sales of the stock. CC is doing nothing, the websites are doing nothing, and now we have VU which appears to be doing the same (nothing). The ONLY way for PNCH to recover is for revenues to appear on the Q. Retiring shares MIGHT have a positive impact on the share price, but it would be temporary at best. I think most here agree given past actions by Steve, is that share structure increase will far surpass any reduction in share structure by retiring shares.
Steve likes to say that you can't build a media company without a lot of shares on the table. That is ridiculous. People here like to compare the share structure of PNCH with SIRI. Again... ridiculous. SIRI has subscribers and generates a lot of revenue. Every new car sold that I am aware of has satellite radio and Sirius is aggressive in going after the owners of new cars trying to get them to subscribe.
Even if people started watching VU, where are the ads that will generate the needed revenue? Who is in charge of bringing advertisers to VU?
Bottom line is that there is nothing in PNCH generating revenue. Steve's knee-jerk reaction is to dilute with millions if not billions of shares. The only good news is that the price can't go below .0001. As far as I can see that is the only viable entry point since it is obvious that is where it is headed.
Sad - I used to be pro-PNCH. I was the guy saying how stupid it was to think that billions would be added to the share structure and that the idea of the share price going down to trips wasn't to believed.
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