The typically over-optimistic IHUB board seems to think this thing will skyrocket today. The more level headed posters are suggesting .10-ish by EOD. We'll see. My order never got filled this morning at .075 as the premarket fills were coming in at .08 10 minutes prior to opening.

I'm sure volume will tail off after the first hour then pick back up EOD. This thing has a chance of closing in the .12-.15 range.

I think the company CEO could flee the country and the IHub board would find something positive about that. That said, I picked up a few more this morning at .08 for a very short term play. Hope I don't regret it.

So true SJE...

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I think the company CEO could flee the country and the IHub board would find something positive about that.

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Mr. Conner was spotted in Bolivia! F3 must be going international!!! Can you imagine once the Bolivian contracts start pouring in what that would do to our PPS? We could see $80 by the end of the week... and it is Friday!!

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Come on Tabasco, you know the HOA market in Bolivia is terrible. Now maybe if he had been in Uraguay things would be different.

Unfortunately, we could have a very nice run today and still not touch my breakeven average of .112. I suck at this! Three times I've tried to add more at .065, .075, and .08 and none got filled. At least two of those were on the ask, too (the .065 was just a shot in the dark incase the market dipped while I was out).

F-3 is going international?! AWESOME!!!!!!!!! Time to dump life savings into this puppy, it's going be higher than Google.

Levin posting on IHUB from vacation! Take a break, LM and enjoy whatever trip you are on. This penny stock will still be here on Tuesday.

Holy Crap! Levin is "vacationing" in Uruguay? That's no coincidence!

Crap, I may have spoken too soon about this stk being here on Tuesday. Down to .065 now? WTF happened while I was away. At least my order got filled at .075.....a penny above where it is now!

.055

yeah, somewhat underwhelmed by today's events I must say...someone big got to be dumping

[This message has been edited by SJEAg (edited 5/22/2009 11:48a).]

Good God, I am kicking myself for not selling a .18. I have to learn to take the profit.

Same.

Try buying in the high teens. It feels worse. Not sure we will ever see that level again, though there are a ton of people optimistic about it. I've averaged my share price down to 10-ish, but watching this tank on a day with great news is painful no doubt.

Yeah, I'm averaged in around .113, and it sucks to watch the recent trend. Let's see how things rebound after the long weekend...if things don't start turning up on Tuesday, then this stock might have some troubles turning the corner for the long run...

I will sell at .15 if it ever gets there. Bought at .11

well on our way to .60!!! .6 cents, that is.

There was RUMOR of the company selling 2.5 million shares to a creditor to cover a note. Haven't seen anything further confirming or denying such rumor.

The talk of the gagged T/A and the possible 2.5 million shares sold sure sent the morale of the stock plummeting.

Hopefully things will calm down soon and start to work its way back up. There were some big buys today, but the positive effects of the news and the big buys were quickly distilled by the above rumors/allegations/whatever you want to call them.

I'm going to be watching with a careful eye next week to see what this stock does. With any luck, things will start to turn up and I can hopefully break even in the relatively near future. Otherwise, if it continues to trade haphazardly like it has, I'm likely going to pull the rip chord and say goodbye to a little bit of money (luckily, I haven't put a whole lot into this stock).

Best of luck to anyone who is still in this stock or looking to get into it (for the record, I think it's at a good entry point...just not a good dumping point for many of us). And best of luck for anyone who decides to stick with it for the long haul. If the trading becomes cleaner/more stable and good revenue numbers are released, this stock could indeed jump quite a bit.

Just my novice $0.02. Take it for what it's worth...

[This message has been edited by tamuaggie2007 (edited 5/22/2009 4:31p).]

using shares to pay off a note is a good thing, at least IMOP. the float is still mega low even if they did this

http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=22855833&topic=FTCH&symbology=null&cp=off

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The company was able to raise $100,000 with one existing institutional investor in exchange for 2,000,000 shares.

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JBRAG, thanks for the news article. Hadn't seen that yet. At least that helps explain what appeared to be some dilution in the trading today.

that doesnt sound too bad to me, if they need that cash to make sales then so be it

Yeah, hopefully that explains what was going on with the stock today. And like I said, hopefully things will resume normal trading next week.

BTW, who is ag2000 and Ags2003 on ihub?

what does gagged T/A mean...? was confused all day on IHub but didnt want to ask

and I am glad to see there is a reason for the sell-off today...

[This message has been edited by SJEAg (edited 5/22/2009 4:29p).]

From my limited understanding, I think the Transfer Agent is the official spokesperson as to the share structure of a stock. In other words, they can disclose the up-to-date authorized, outstanding, restricted, float shares.

If the T/A is gagged, then something is usually happening behind the scenes that they don't want to release to the public (either permanently or temporarily). Any kind of extended gag order indicates some shady business is occurring. In this case, the gag order was likely in place while this 2 mil share deal was going down.

Someone correct me if I'm misinterpreting all that...

http://theworm06.blogspot.com/2006/09/sljb-mr-paul-s-davis-paul-davis-rrufff.html

Have you guys seen these blogs?

"The SLJB Investorshub.com message board is used for hyping and pumping the stock with full deletion of any posted messages that mention anything negative about the company."

"Anonymous said...
You guys are starting to get close to the truth. IHUB Admin is DEEPLY tied in with all of these people and run the front end side. IHUB admin sell and push stock and then jump in on the boards under aliases to sway the public perception."

It seems like this is what is going on with FTCH.

Looks like a Pump and Dump to me.

I'm just a rookie here so tell me if I'm out of bounds but who is this Levins Market guy. Is he legit?

From all this stuff I have been reeding on the Internet, TXAGTailgater (Levins Market)on IHub could just be Ihub admin using another alias trying to pump up the stock.

I could be way out of bounds though. If I am let me know.

Anyways, there is a lot of info on the web on Ihub that makes it a sketchy site.

Frank Merhib Sues Investors-Hub

http://investorshubscam.blogspot.com/

I like Levins and I believe he offers a lot of good to this board. With that said, be careful with this stock and all of the recommendations you receive here or anywhere.

I bought into this stock to play the momo. I missed the boat to sell at .13 and never had a chance to make any cash after that. I am a person that will cut my losses very quick, and I did, but it took a lot of work. 10K shares should not prove hard to move, but they were hard to move, and I didn't like some of what I saw during that time.

This makes me feel bad, because I really believe Levins is a good guy. I would hate for him to crap all over one of my threads, but if it saved some Ags their cash, I would welcome it. I don't wan't to talk people out of a big hit, either. I just want you all to reevaluate the situation. There is nothing wrong with taking a profit and there is nothing wrong with cutting your losses.

who knows, there are obviously a lot of scams out there but this one does have some real products, with real sales progress being made

I think Levins is legit

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using shares to pay off a note is a good thing, at least IMOP. the float is still mega low even if they did this

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I'd much rather see debt paydown from net operating income.

It's my own fault for buying the hype, but as I peruse the YE 08 financial info I'm left with a few questions.

-$10k burn rate - YE 08 op exp was $163k or $14k a month with a 10% YoY increase from 07.
What is included in this burn rate? Seems light unless Frank is paid in stock/deferred compensation. Also - R&D costs in 08 was $100k alone.

-Coastal deal rev - $75k less burn rate of $10k =$65k per month - where is the Cash Flow going? Why the need for $100k unless projections aren't in line?

-$180K note obligation in default (borrowed in April 07 and was to be repaid July 07) - any time table to repay or is this the reason for the capital raise.

-Audited financials - Jim Carter works for JPC Capital which is the investment firm owned by Jim Canouse - who is also the Senior VP of Finance and Investor Relation contact. Working at a start up myself I can understand wanting to use someone that would do it for free (or at a substantially discounted price) but the lack of an uninterested, unbiased third party concerns me.

As always these are just my observations regarding the company and I wish I had done more work. Luckily the amount of money invested is not substantial, but as was echoed on the 1st page do your own DD and determine if you are comfortable with the risks!

FWIW, Levins has has emailed me from his work email address...which is from a seemingly legitimate company that doesn't appear to be affiliated with ftch, ihub, or investing in any way.

While he is certainly positive on this stock to say the least, I think his motives are pure. If this thing does crash to nothing, I think he's gonna take the same hit (probably a lot worse) as anyone who follows his advice on here.

I'll stay in awhile longer...this is a penny stock, and I've played it as such. I may lose money, but it won't hurt me too bad. At minimum, watching it has kept me entertained for a few weeks and counting.



[This message has been edited by SJEAg (edited 5/22/2009 4:58p).]

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While he is certainly positive on this stock to say the least, I think his motives are pure. If this thing does crash to nothing, I think he's gonna take the same hit (probably a lot worse) as anyone who follows his advice on here

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I never said anything but this. I think the guy is 100% legit or I never would have taken up for him on the 1st page of this thread.

i would think it is a good thing that a institution (presumably a bank or financial group) is willing to buy 2 mill shares at .05, makes me think we might be near a bottom here

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i would think it is a good thing that a institution (presumably a bank or financial group) is willing to buy 2 mill shares at .05, makes me think we might be near a bottom here

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Agz I swear I'm not picking on you! I would think it is a good sign if they are required to hold the stock for a period of time. I'm not well versed in the inner workings of the stock market, but is there anything that could keep them from dumping their shares on the open market at anywhere from a 1.5 cent to 5 cent gain today?

I apologize if I come off as accusatory, but I'm trying to learn how to be a competent investor and think the back and forth is providing some good insight.