• Please be sure to read the rules and adhere to them. Some banned members have complained that they are not spammers. But they spammed us. Some even tried to redirect our members to other forums. Duh. Be smart. Read the rules and adhere to them and we will all get along just fine. Cheers. :beer: Link to the rules: https://www.forumsforums.com/threads/forum-rules-info.2974/

Any of you out there know anything about Penny stocks?

Fredsdeadfriend

New member
And I guess my interest in penny stocks is not that I am personally looking for a cheap way to invest my money, I have a business idea of my own that I would prefer to fund all on my own, but I do not have enough money to do it on my own, not right now. So I'm simply checking into other options. I suppose I could google it, and I will probably do that sometime, but I also would like to hear what some or any of you here think about them. Would it be a good idea?


And in case it matters, the minimum I would need to start up would be probably $20,000, but it would be a struggle starting with that much. The most I would need would be about $60,000. With 60 Grand I could almost guarantee success. I can probably come up with 10 grand on my own by June, and anywhere between 30-60 grand by June of 2017, but nothing in life is a guarantee, something unexpected could happen, an illness in the family, a natural disaster or something, so I could come up short if I try to come up with the funds on my own and I would prefer starting the business up this summer rather than waiting until 2017. I don't want an equal partner, I've had those in the past and they have yet to come through the way I needed them to, so I honestly only trust myself, but if I go the route of bringing on many investors, the idea that a large number of people, via penny stocks, could create the amount I need without saddling me with a partner who could mess things up.


btw, I did try looking to people I know but everyone I know, for the most part, is broke. My trying to figure out a way to make it affordable for them to invest is one of the things that got me thinking about penny stocks.


So I would appreciate any and all advice or opinions or criticisms.
 

road squawker

Active member
GOLD Site Supporter
... a large number of people, via penny stocks, could create the amount I need without saddling me with a partner ...


So I would appreciate any and all advice or opinions or criticisms.

Let me make sure I have it correct,......... You want me to give you my money,.... and not have any control over what you do with it:yum:

Perhaps thats why most of the people you know are "for the most part, broke"

Good Luck, at least you ARE trying to get ahead
 

Doc

Bottoms Up
Staff member
GOLD Site Supporter
I guess the big question is what does it take to start up a company and put it on the penny stock market so investors can invest in your biz?

I have no idea. Do you have a business plan? Have you tried conventional ways to get money? If it's a 'sure thing' at 60k borrowing 60k would keep you in control of it all, and you would reap the profits.

Note: this is not the professional poker player ambition is it?
 

Fredsdeadfriend

New member
Let me make sure I have it correct,......... You want me to give you my money,.... and not have any control over what you do with it:yum:

Perhaps thats why most of the people you know are "for the most part, broke"

Good Luck, at least you ARE trying to get ahead


Lol, funny response road squawker. But the answer is NO and YES. YES I want people to give me money and for them to have no control over what I do with it. And NO, I do not want YOUR money, or not necessarily. I mean, none of you here know me so I would never think to ask for money from any of you, just advice and/or criticism.

And why would I want total control over what is done with the money???

The main reason is because it is my idea and my vision and I've found from experience that involving other people in the process just causes nothing but problems.

Also because I'm a big movie buff and have watched many movies about people like Steve Jobs and Zuckerburg and other examples where individuals come up with ideas or have visions or ideas and when other people come into the equation as far as becoming decision makers, they so often find ways of taking away or slowing down or stopping the genius with the vision or the idea from accomplishing his goals.

When Steve Jobs was making all of the decisions for Apple, it thrived, when those decisions were taken away from Jobs, Apple suffered.

Zuckerburg started with an initial 1000 dollar investment and was supplemented with another 8000 and with his being completely and totally in control he turned it into a multi billion dollar uber business.


I've already started up a business based on early and quickly thought up ideas about the same industry and it quickly became a growing and successful business with unlimited growth potential. And I started it up with less money than Zuckerburg started with. Had I gotten a supplemental investment proportionate to the one Zuckerburg got, I would have continued to have success and grow that business and who knows where it would be right now. But instead I did not have that friend with 8 grand to invest.

Like I said, most of my friends were basically broke, and I guarantee you their being next to broke had nothing to do with me.





But not trying to bust your balls, I got a laugh out of your response, and I appreciate your wishing me luck and the pat on the back for at least making an effort. Thanks, and I'll let you all know if I get it going and how well it goes for me.
 

Fredsdeadfriend

New member
I guess the big question is what does it take to start up a company and put it on the penny stock market so investors can invest in your biz?

I have no idea. Do you have a business plan? Have you tried conventional ways to get money? If it's a 'sure thing' at 60k borrowing 60k would keep you in control of it all, and you would reap the profits.

Note: this is not the professional poker player ambition is it?




Another funny response, lol. No Doc, this is not the professional poker player ambition, although, that would possibly be the best investment a person could ever make, as I win at an extremely high percentage. Just haven't had the kind of cash to make my 85-90% winning percentage translate into more than some extra spending cash.

And I have a moral issue with gambling with other people's money. No, if I sit down at the poker table to gamble, its not only going to be with my own money, its only going to be the portion of my earnings that would otherwise go into my entertainment fund, meaning money I can afford to lose.

And I'm only going to take money out of my earnings from work, until I can put back into my bankroll what I borrowed from my bankroll in the past to pay debts and bills and buy groceries, etc.. Until recently I was a single father raising up one daughter and financially supporting the other. I started with just 100 dollars. I promised myself once I lost that 100 dollars, I'd never play poker for money ever again. Thing is, that 100 dollars would now be 13,900 dollars stuffed into a big friggin jar, or several jars, if I hadn't needed to borrow from my bankroll. And hence why I haven't been able to turn my earnings into even bigger and bigger earnings.

And the game I prefer, btw, is Texas Hold Em, same as they usually have on ESPN and other channels on TV so often.




And what you said about borrowing 60 grand, well, because I struggled in the far distant past to keep up with all of my child support payments, I have bad credit, so borrowing from a bank is probably not in the cards.

I recently finished paying off the last of my back child support, so if I end up waiting until 2017, I might have time to improve my credit rating quite abit, now that the child support thing is behind me. But if I don't have to wait until then, by doing something like penny stocks, why not look into it, right Doc?
 

road squawker

Active member
GOLD Site Supporter
Thanks for the reply, Yes I was trying to keep it "light" and not being insulting.

BTW, do you know how Steve Jobs got his original funds?

He invented a device that mimicked the tones used by AT&T to make long distance calls.

then he charged other college students a small price to make "free" long distance calls.

...not suggesting you do anything illegal.

goodluck
 

Fredsdeadfriend

New member
Gofundme.
If you can't get any traction there, it aint happening.

Hey waybomb, thanks for the heads up about the gofundme site. Only question I have is, isn't that a site where people go who need basically donations? If my aunt needed money for a life saving operation, I'd feel fine with asking for donations, but I'm starting a business, tons of people across the country would like money to start a business, but I'm not shy why anyone would simple donate money to me? I don't know how to label or title my campaign there? I'm not the kind of person who can lie or trick people, so how could I label or title my campaign in a way that lets people know its a business they are donating to, while giving them an actual reason to feel inspired to do just that, donate to a business??


Or maybe I should ask why you thought that was the best site for me to check out? It thought it might be a site dealing with penny stocks? I mean, I'm a little uncomfortable with the idea of taking donations. I like the idea of penny stocks, because for every penny people give me, they are giving me a chance to make them a profit on their investment.


I guess if 10,000 people donated 5 bucks, I'd have all the money I ever needed and 5 bucks isn't going to put anyone out. That hardly buys a person a decent meal these days. lol


But I still am uncomfortable with the idea of asking for charity.
 

Catavenger

New member
SUPER Site Supporter
I'm sorry I ever bought stocks.

Have you thought of buying gold?
Just save up & buy an ounce then another when you get more money?
 

waybomb

Well-known member
GOLD Site Supporter
Gofundme also has a business catagory.Tell your story and see what happens. If you can't sell your story on a site people visit to give away money, you sure ain't collateralizing a business with listed penny stocks.
The money you are talking about isn't even in penny stock territory. If would cost you more for all the filings than the amount you are looking for.

Why don't you spill the beans on what you want to do? 50k is a very small business.
 

Fredsdeadfriend

New member
I'm sorry I ever bought stocks.

Have you thought of buying gold?
Just save up & buy an ounce then another when you get more money?



I'm of the opinion that our nation is a nation of gamblers. The Stock Market is a big gamble. Farmers are gamblers, they depend on the weather cooperating with them. Some seasons everything goes right for them, and to avoid getting taxed big time when they make record profits, they buy new tractors and new trucks and new anything and everything until they have spent enough so that they won't get taxed out of business. Thing is, often times the very next season sucks.

Now take anyone trying to start up a small business, OMG, talk about a gamble, what percentage of small businesses succeed? Its far less than 50%. You get better odds out in Vegas!



So tell me, whats a sure bet these days? I'm an aspiring professional poker player. I'd already be a pro if I didn't spend almost 2 decades raising up a special needs child all by myself. The govt wouldn't even let me work for almost 7 of the last 15 years, saying my daughter needed round the clock attention.

So I've never had the kind of money that would allow me to make a serious move into the world of professional poker. But I've done very well as an amatuer player and every time I have gone to Vegas I've come home with alot more than I went out there with. My winning percentage is over 80%.



I know a ton of great poker players all of whom are broke as hell. If an investor really wanted to make some money, they'd find one or a couple of these players who otherwise do not have the resources to do anything with their skills, and they could invest in them, and their chances of making money would almost be gauranteed.

Some of these broke ass bitches play whats called free poker. Some of them have been playing in these leagues for almost a decade, and the same people continually win, over and over and over again, every single year. So when I say investing in them would be almost a gaurantee, statistically I'm just telling it like it is.



Watch the cult classic movie, "Rounders". and you will see Matt Damon explain how its hardly gambling because he can read people and know what everyone else holds in their hands. He asks, why is it that the same people make it to the Final Table of the WSOP every year? Well, before Chris Moneymaker won and got everyone across the nation entering the tourney thinking anyone could win, made it alot tougher for the regulars, the pattern was there, the best players regularly are the ones making it into the money.

This is because Texas Hold Em is a game of skill. The smartest and best players, can master the skills needed to win, and win even without the best cards. Luck is there, but it's so minimized because the intelligent player knows how to minimize his losses when bad luck happens and he knows how to maximize his winnings when the good luck he helps create happens.




If a person won 80% of his bets on sports in Vegas, he'd be the greatest legend EVER. 55% is considered a good rate in Vegas. 60% is considered phenomenal.

Yet there are Texas Hold Em players out there who can win at close to an 80% rate. They are like the Black Jack players who count cards, except that unlike with Blackjack, its legal and Casinos could care less if people count cards in Texas Hold Em, because its the only game in the Casinos where the players are not playing directly against the house. The house gets a percentage of the pot no matter who wins or loses, so they don't care if you win every pot, as long as there are lots of people sitting around the table also losing and contributing to your winning pots, so that the house can take their percentage.


Do you see what I'm saying? The geniuses that know how to count cards get beat up and kicked out if they try to play Black Jack, but are welcomed and accepted if they sit at the poker tables.

Texas Hold Em is NOT a game of chance, its a game that can be mastered and a person can be good enough to be able to gaurantee consistent winnings.


What Wall Street Stock Market investment can gaurantee a profit???
 

Fredsdeadfriend

New member
Gofundme also has a business catagory.Tell your story and see what happens. If you can't sell your story on a site people visit to give away money, you sure ain't collateralizing a business with listed penny stocks.
The money you are talking about isn't even in penny stock territory. If would cost you more for all the filings than the amount you are looking for.

Why don't you spill the beans on what you want to do? 50k is a very small business.


It is a small amount, isn't it? lol

Remember that Facebook was started up with just 9000 bucks.



I'll spill the beans. I have an idea that could be as big as Zuckerburg's Facebook, which is basically how to revolutionize the free poker industry. My #1 competitor, brings in between 4-8 million in revenue a year, and the company has fewer than 10 employees and honestly they do very little to generate any interest. They are the biggest of their type of company in the industry, but honestly, they are nothing, they are the biggest fish in an ocean of similar businesses, there are hundreds of similar businesses out there, but almost every one of them are small and limited to their tight locality, and none of whom are able to do much to generate any interest. I'm envisioning a business that would take foot in every corner of the country and that would generate some serious interest all throughout the nation and that would eventually be generating billions in revenue. Instead of 1000 small companies doing and giving out very little, I would unite them all together under one umbrella with all of that money going out in my tournaments, hence millions of dollars, maybe even hundreds of millions of dollars. Imagine Amateur championship tournaments, on TV, with millions going to the winners, and corporate sponsors, TV revenue, etc.. Anyone who isn't brain dead would have a chance to make millions, as long as they could get to their local bar and play cards. I've seen blind guys play poker, guys in wheelchairs, anyone, like I said, who is not brain dead, could have a chance. This is a sport/competition that anyone and everyone of any economic level and of any gender or religion or race or creed, even the handicapped, could compete in. It could become the truest and greatest of all sports in American history. Unlike the NBA where you almost have to be 6 foot tall just to have any chance, or the NFL where if you almost have to be 250 lbs and over 6 foot tall, and extremely athletically gifted, etc., the game of Texas Hold Em could be a truly American game where anyone, and everyone could have a chance. It's the only sport where almost the entire nation, and I mean the ENTIRE nation, could be touched and involved and considered participants in the sport. Consider this, Facebook is huge, it makes billions upon billions of dollars, yet there are huge blocks of Americans who think Facebook is worthless to them, who see it as a bad thing, who have a negative opinion of it.


Texas Hold Em, especially the Free version of it, could be something every American citizen could embrace. Male, female, black, white, brown, yellow, red, big, small, short, tall, fat, skinny, dumb, smart, would not matter, everyone would be truly equal to start out. And if the entire nation got on board, there would be millions upon millions of dollars that could be won, by numerous players, several times each year.


That big company I mentioned, my main competition, are a bunch of idiots, they could be making 40-80 million, but because of how horribly they are running their business, they are only bringing in 4-8 million.


And not only could I bring in alot more money than they are, I could do it with between 2-4 people.


The biggest problem is that they are my essentially my next door neighbors, being located in the next state over, just 2 hours away from where I am located. And the owner won a big poker tourney back in the day and so he had lots of money to invest. Meanwhile I had basically nothing to invest, yet I developed a league that got some major attention and got the multi-million dollar business to take notice and to do everything they could to put me out of business. They were informed of my progress within weeks of my starting up, and they felt I was a serious threat, because honestly, I really was.



Well, now that I've spilt the beans, now what?

I've been researching this for several years now. I've talked to the owners of over a dozen different poker leagues all throughout several states and the couple that ran the Nevada Poker League. I've personally talked to over 150 bar owners or managers of bars in 3 states and they are all interested in signing up for whatever I get going, if I get it going, because NO ONE in that 3 state area is truly happy with the half ass leagues they are in now.


Some of these bars pay out 60 dollars a night in league fees. Multiply that by hundreds of different bars with leagues going on each week, and then multiply that by the 24-25 weeks most leagues run, and you are talking about a serious sh1t ton of money to be made.



I'm going to make this happen whether I get assistance or not. Without assistance it'll just take me a year longer to get it going. With assistance, I could get it started as soon as June of this year.
 
Top