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Forum > Goal Line Blitz > GLB as a Penny Stock
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qjam6
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The parallels:

- "CEO" is very involved during IPO, then slowly steps back with less and less investor contact.
- (Some) Current investors truly believe in the product.
- Smokescreen promises of new and exciting "products" that will help get the company out of the gutter.
- Controlled, empty communication between the "CEO" and investors (self-selected Q&A thread = monthly investor conference call with little substance).
- Investors fantasize about how the product will see success, pending exposure. The company's management team does nothing to market the product to new customers.
- Little is revealed about current financial standing, userbase, or future growth plans, aside from random, unreliable, tactical hints from management.
- As the stock price nears closer and closer to .0001, investors remain in denial, although extremely skeptical & critical along the way (ironically, thus catalyzing the decline itself).
 
Deathblade
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GLB doesn't have any investors.
 
Saris
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A better analogy would be GLB as a smartphone, you buy one expecting to use it for a couple years then find yourself still happily carrying it 5 years later; and the average lifespan for a browser based mmo is a lot shorter than for a smartphone. When you discover that the phone is still supported and updated after 5 years you become even more impressed. You certainly wouldn’t complain if the manufacturer focused its resources towards developing a new phone, especially when you could transfer all of your minutes and get the new phone for free while still using the old one.
Edited by Saris on Apr 27, 2013 02:13:51
 
ezra_
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I own some penny stocks in the energy sector. This doesn't feel like that.
 
Dub J
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Originally posted by Deathblade
GLB doesn't have any investors.


taut and big rat disagree

 
EllisUnit
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Not hard to become a OTC/pink sheet penny stock. Plus would actually give the company more exposure. OTC dont mean shit as the companies are usually worthless anyways, BUT they are good at turning a good profit if played right, plus the company makes plenty of money.
 
coachingubigr
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Bort is not concerned with making money, he's concerned with forum moderation.
 
crazy454
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Originally posted by qjam6
The parallels:

- "CEO" is very involved during IPO, then slowly steps back with less and less investor contact.
- (Some) Current investors truly believe in the product.
- Smokescreen promises of new and exciting "products" that will help get the company out of the gutter.
- Controlled, empty communication between the "CEO" and investors (self-selected Q&A thread = monthly investor conference call with little substance).
- Investors fantasize about how the product will see success, pending exposure. The company's management team does nothing to market the product to new customers.
- Little is revealed about current financial standing, userbase, or future growth plans, aside from random, unreliable, tactical hints from management.
- As the stock price nears closer and closer to .0001, investors remain in denial, although extremely skeptical & critical along the way (ironically, thus catalyzing the decline itself).


The real death is when there is no bid showing up.
 
crazy454
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Originally posted by EllisUnit
Not hard to become a OTC/pink sheet penny stock. Plus would actually give the company more exposure. OTC dont mean shit as the companies are usually worthless anyways, BUT they are good at turning a good profit if played right, plus the company makes plenty of money.


This is far from true, it is costing more and more money and more and more lawyers and letters and blah blah blah.
 
jetsown09
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Originally posted by Saris
A better analogy would be GLB as a smartphone, you buy one expecting to use it for a couple years then find yourself still happily carrying it 5 years later; and the average lifespan for a browser based mmo is a lot shorter than for a smartphone. When you discover that the phone is still supported and updated after 5 years you become even more impressed. You certainly wouldn’t complain if the manufacturer focused its resources towards developing a new phone, especially when you could transfer all of your minutes and get the new phone for free while still using the old one.


^ one of the 3 investors that seem to believe in the product
Edited by jetsown09 on Apr 29, 2013 18:59:41
 
Jay89
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Originally posted by Deathblade
GLB doesn't have any investors.


Arent we all investors in some way? We all sit here spending hundreds of dollars hoping that management is doing things to benefit us all.
 
Deathblade
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Originally posted by Jay89
Arent we all investors in some way?


No?

If you were expecting money back on your money spent here you are pretty dumb.
 
CDZYO
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Originally posted by Deathblade
If you were expecting money back on your money spent here you are pretty dumb.

Frankly, the same could be said of many a penny-stock investor.
 
Theo Wizzago
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I'd rather play Poker for my cash than trade stocks. I have a MUCH better chance of winning there.
 
bhall43
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Originally posted by jetsown09
^ one of the 3 investors that seem to believe in the product


You have 15 players. Obviously you believed in the product at some point and are still around to use it.
 
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