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Wonder why alias post like a bot...🧐
Shares outstanding scary 😧
A while back they were working on a financing
Maybe properties bad as partner would not put up money
Wonder about restricted cash
Management you made us unhappy
Who knows, we just 300,000,000 trillion to be sold.
Maybe they need commodities prices to be higher, for them to work on properties, 1000% speculating
Biggest amount of shares traded for a while, maybe the engine is preparing to start up.
Wonder why partner did not put up more money
Probably but where are they?
A bet the properties are great
I guess it's just the 3 or 4 of us that look at this board.
Who knows, one day there might be 8 of us and then we drop a zero off the stock price.
Yeah probably so
How do we know there are restricted millions in cash. We cannot even get in touch with a management person.
I do hope there is on both accounts
Restricted cash millions, that is interesting
Yeah I mentioned it a while back, was in his late 60’s if I recall correctly
I remember reading that now a long while back...might have been you...LOL....but you could be right...maybe he did pass on...if I recall he wasn't a young guy.
My research is that the guy that was active on this years ago may have died during the pandemic.
The thing is it certainly does not look like it for years now...so I would say no unless a random PR is announced giving indications of life in the front office...LOL
You won't get a logical answer...Like is there management or a working interest or a partner that won't put up the money...where does he come up with this stuff?
Is there management? Lol no seriously is there?
Fnrc had not to put up the money at all
Working interest and partner won’t put up the money
When they do, 1 of two things is going to happen.
1. We breakout of .000001
2. There will be no 0's at all.
Who knows with Penny land.
I saw one company go up 4700% the other day.
Management drop some news, don’t own
Thanks Renee and Pinkie.
I figured as much, at least some one still has a value for it.
Yes.....for tax write offs.
Is that so...I didn't know that either...even if it has been years you can still call your broker and close out that position on a FKA stock...in which you are talking about when you say "loses its ticker/symbol"...and if that is so would it make you to be able to use that lost as a tax write off?
You're quite welcome. I forgot to write that even when a stock loses its ticker/symbol either by the SEC revoking the registration for SEC registered stocks, or FINRA deleting the symbol for inactivity a Broker can buy a customer's shares for .000001 (the lowest is 6 digits) for a fee to close out that customer's position on the stock.
Happy wednesday, pinkslipjunkie.
Thanks Renee ...I thought you would have some good insight to that question and that makes a lot of sense.
Hello, world......I am the ihub alias who was asked by pinkslipjunkie to address the question about .000001 trades.
Here is my answer:
Retail cannot sell or buy below .0001 because online market orders are forbidden on the OTC, meaning a seller or buyer cannot place any online order below .0001....emphasis that is for online sell or buy orders. However, a retail seller can phone their Broker to liquidate their position (some or all) at market and the Broker can then sell at .000001.
When a buyer places an online order for .0001 the Broker/Market Maker that sold a customer's shares for .000001 can then sell those shares to the buyer at .000001 to .000015, and sometimes at .0001 if there are a lot of buy orders.
A broker can also sell and simultaneously buy the customer's shares at .000001 and charge the customer a fee for doing so. Whether or not the Broker keeps or sells the .000001 shares is up to the Broker.
That is to my understanding.
I am going to pm an ihub alias who specializes in posting delisted stocks...if there is a bankruptcy or a delist the alias always seems to know about it....I will ask the alias to post the answer or opinion on the forum if willing.
Yes an absolute trade, how this is being done is crazy.
To answer your question...I replied on alsteps post...LOL
Not retailers but I have tried to find out exactly who gets these shares and why...I can't find an answer...I was told once on a chat forum that they were nothing but MMs maneuvers for some reason or another...but I still don't know why.
And another 800000 @.000001 are traded somehow .
Wonder what happened to the financing
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