It's not just because the orders were AON. Could be part of the reason, but not the only one. There is no centralized order book. The trades that occurred above your sell orders were away trades - traded outside your broker's order system. Back in the day NYSE had a centralized order system where the specialist would look at all orders on the book and set a price so everyone got a piece of each transaction if their limit orders compared at that price. Not the case with most markets these days, and I believe wasn't ever the case with OTC stocks. As we see in level 2 quotes, there are market makers quoting spreads. You would sell to the market maker at the best bid, and buy from the market maker at the best offer, or take your chances with orders in between and wait to see if someone would deal with you there.

4A) KK "Reinvests" to build GERS business

This also helps common shareholders by adding value to the company (the stock), unless the quotes you put around “Reinvests” means something else.

My research so far has shown that a "gagged transfer agent" is a myth. You can't use it as a negative talking point for penny stocks because transfer agents for titans of industry will give you the same answer. I called the transfer agent for Apple and Google and in both cases they said they do not give out information on share structure (IE: current shares outstanding). They said to ask the company for that information (IE: talk to investor relations). I will continue to call transfer agents of other F100 companies until I find one that gives out that info, but for now it is looking like standard practice across the board. I don't know how this "gagged TA" narrative began, but it seems someone thought themselves a clever sleuth by calling a pennystock transfer agent and never bothered to check if it was the case with TAs of all public companies. Then, like fake news, they write about it online, the link gets shared, and a myth is born. Again, I'm not done looking into this. I'll keep you informed.

It’s a dare

Ahhh, I think I figured it out. It's the app (from my broker) showing my Simple Moving Average prices in the Level II display. Makes sense, since there's no size quoted for it. It's not consistent, though. I can't see it in the Level II anymore. Gotta get in touch with tech support.

I see "SMA" bidding at both 0.0721 and 0.089 on Level II. Anyone know who SMA is?

No need to obscure the symbol if it is related to GERS. Discussion about it is appropriate if they own 80% of GERS. What I do notice is that BTZO has a huge amount of shares outstanding. I wonder what effect it will have on the stock if GERS scores big in court. I did take a starter position in BTZO, but with the huge shares outstanding I wonder if it was better to just buy more GERS.

No worries, fellow investor! Ha, clock change get ya? Some are saying it's Watchmen.

LOL, I think my comment was misinterpreted. I was agreeing with you about him grasping at straws with the "bad paint job" comment.

That’s the title of the article, not the book. The book is called “The Last Republicans”

Yes. Could be end of Jan, or mid Feb if they file 15 day extension. I forgot annual filing extension is 15 days as traderfan pointed out, not 5 as I originally stated. 5 day extension is for quarterlies.

I’m pretty sure it ended Oct 31, so due Jan 29

Ya caught that one. Your good

It's the annual report, the 10K, isn't it? If that's the case, then it could be up to 90 days (Jan 29). If they file an extension it would push out the due date 5 more business days.

Ok, thanks. Ah, well then we find out when we find out. I’m not too concerned about it. My bet is placed and all I can do is wait!

Ok, here’s a question. Wouldn’t the court decision be known first? Would we see dollar amounts and terms of the settlement coming from the courts? The company has 4 days to file an 8k and there might be a small window of information asymmetry for those aware of the court decision if the 8k takes a few days to come out.

Can you cite the state law that is applicable? A link?

Market makers can create demand for other market makers if yesterday's close was 0.07 and the next morning NITE finds out new information at 8am and bids 0.20 while the others are still offering 0.07 from the day before. At that point the other MMs can call his bluff and start hitting his bid at the open to try and beat him back down or they can offer 0.21 and higher to move out of the way. At this point, retail and pro traders will see it on a top ten gainers list and may either like the price they see and hit the bid if they are ignorant to the info that NITE has, or they will wait and see, or they will buy more. The point is, if NITE has information that it is worth $0.50 and nobody else knows about it he's certainly AT LEAST not going to be offering $0.07. This is how gaps occur - with new information. Doesn't have to be much demand at all. Again, his bid may attract sellers that don't know any better and are happy to hit him at 0.20, but NITE may be an accumulator down to 0.15 because he knows it's worth 0.50. Look at charts of takeover targets where the takeover price is a known dollar amount. The chart gaps up and basically flatlines until the deal is closed. The exception would be if there is uncertainty priced into it - IE $10 stock with takeover offer at $20 that is 50% likely to go to completion due to regulatory uncertainty is bid at $15 instead of $20 due to the uncertainty.

As far as who is going to buy it, there are momo players and chartists and as I said before someone here has apparently posted this stock to a momo board:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135753488&txt2find=Gers

No way a market maker is going to stand in front of the train and take the risk of offering that low if they find out that the settlement is even $0.75 per share, let alone $7.50. So, I don't think it has to be widely publicized. The run also doesn't have to begin with insiders putting themselves at risk by secretly buying with privileged info before it's public. As we've just seen, someone has already mentioned it on a MOMO board. Speculators may start the run. Not that I'm not a speculator, but I'm (we are) just in earlier than everyone else. There's a risk to that, of course. Maybe we are wrong and it's not even worth trip zero one, but maybe we live the dream. What can I say? I like long odds. Very rewarding when it hits. Just don't bet the farm, of course.

For me, the jury is still out regarding gagged TAs in general. To this date, since I mentioned Apple’s TA doesn’t give out share structure info, nobody has been able to explain why to me. I believe it may be standard for all companies that TA doesn’t provide that info. I urge everyone to start calling TAs of other fortune 100 companies to see if they give out that info. (LOL, I think Apple is a fortune 1 company). I suspect the concept of “gagged TA” is an Internet urban legend. It’s made up. A false narrative pushed by “shareholder advocates” and “fraud research” teams. Links to “articles” about gagged TA are provided, but they are of questionable authority and accuracy. Again, no explanation as to why Apple’s TA is “gagged.”

As far as OS and dilution, the current known OS is baked in. Absolutely there is overhang, but Steve said they have a plan. Some reworded that to mean “no dilution” to set up a false expectation, but again even with the currently known OS level (~120 mil) the market is at least for now comfortable with a mkt cap of $10 million. Bux put forth a theory about the check on excessive dilution and the older, delinquent notes. Only time and new filings will show if he’s right, so we’ll see.

Again, I ask you if Ryder files an 8k when I sign a rental agreement for a truck to move some furniture out of my house?

Maybe you know more about it than me, but what’s the point of a Subsequent Events section in a financial filing if an 8k can cover it?

Only the passage of time and the actual release of the 10q will hold the answers we’re all looking for. Until then, everyone’s imagination is free to run wild.

Absolutely. Can’t expect Steve, or anyone, to have exact answers 100% of the time. There are more variables in the world than we want to realize. Maybe the old accountants, not wanting to lose a customer, delayed informing OMVS that they can’t handle their situation anymore. Puts OMVS in a bit of a bind, but if a couple weeks late I can tolerate it as long as we are hearing Steve give estimates on it. “Should be this week” can still run into next and not be too far off target. Remember the doubters regarding the merger? One month late and, yeah, I’ll be more concerned. But, we’re not at that bridge yet.

They could very well have retained the new accountants because the old one didn’t have the necessary experience, knowledge, or resources to help OMVS grow. The real world accepts 80% solutions because the real world is not perfect. The 10q delay, for me, is still tolerable because it’s been offset by other developments. What is “too late” for me? Hmmm, I’m not sure. But, I’m not freaking out yet. The market certainly wasn’t freaking out, so my worry was unwarranted, at least as far as this week was concerned. You want 500 robots yesterday, that’s fantasy and a false expectation. Shine on you crazy diamond.

They could report something that has occurred after the end of the quarter as a “Subsequent Event” in the 10Q. Look it up.

Not necessarily. It depends how much time the new firm had in order to take over the reigns. If they were brought in too close to the deadline but were going to be handling the currently due filing then they may not have had time to get up to speed with their new client. Or maybe they're needed for something that was outside the scope of the old firm, be it lack of manpower, experience, resources, or whatever.

Lightweight, my man! What's up?! (besides OMVS)

You're looking at it the wrong way. You can't apply Panamanian logic. I did not say "this is not that company," so you cannot say in response, "yes this is not that company."

Like I asked before, who is writing these articles about gagged TAs and such? Does it pass the CRAAP test? Specifically, the AAP (Authority, Accuracy, and Purpose) in CRAAP:

Currency: The timeliness of the information.
? When was the information published or posted?
? Has the information been revised or updated?
? Does your topic require current information, or will older sources work as well?
?Are the links functional?

Relevance: The importance of the information for your needs.
? Does the information relate to your topic or answer your question?
? Who is the intended audience?
? Is the information at an appropriate level (i.e. not too elementary or advanced for your needs)?
? Have you looked at a variety of sources before determining this is one you will use?
? Would you be comfortable citing this source in your research paper?

Authority: The source of the information.
? Who is the author/publisher/source/sponsor?
? What are the author's credentials or organizational affiliations?
? Is the author qualified to write on the topic?
? Is there contact information, such as a publisher or email address?
?Does the URL reveal anything about the author or source?
examples: .com .edu .gov .org .net

Accuracy: The reliability, truthfulness and correctness of the content.
? Where does the information come from?
? Is the information supported by evidence?
? Has the information been reviewed or refereed?
? Can you verify any of the information in another source or from personal knowledge?
? Does the language or tone seem unbiased and free of emotion?
? Are there spelling, grammar or typographical errors?

Purpose: The reason the information exists.
? What is the purpose of the information? Is it to inform, teach, sell, entertain or persuade?
? Do the authors/sponsors make their intentions or purpose clear?
? Is the information fact, opinion or propaganda?
? Does the point of view appear objective and impartial?
? Are there political, ideological, cultural, religious, institutional or personal biases?

But, I mentioned yesterday that Apple's TA, Computershare, does not disclose share structure information about Apple. Is Apple obscuring share increases from shareholders?

Is Apple's gagged transfer agent a good thing? It just is what it is.

Technically, the year 2100 would qualify as post-acquisition. Like I said before, anyone who buys a stock is sitting on a couch tapping their phone screen and instantly becoming a "partial owner" in a company. How much do you expect to be rewarded for that effort? They run the company, not us.
They are operating on their time frame, not ours. Would I like to have real-time data on share structure? Sure, but not having it isn't keeping me up at night. We're getting updated in dribs and drabs from people calling investor relations. If you don't like the company, you can sell your stock. It's really that simple.

Yeah, you read these articles online about "gagged TA" or "change in auditors" being red flags, but who wrote those articles? Do they pass the CRAAP test? http://libguides.cmich.edu/web_research/craap

Are you seriously saying that once a company chooses an auditor they are married to them until all of eternity? Are you saying that there are absolutely no legitimate reasons for a company to change auditors? The fact is, maybe we should be concerned, but maybe not. We don't know exactly why they changed auditors, so speculation can go either way.

"Gagged TA" story is BS. The transfer agent of Apple, the largest company in the world, told me that they do not have OS information. I repeat, the rep at Computershare, the transfer agent for Apple Inc, told me that they do not give out data for shares outstanding. You can call them yourself:

http://investor.apple.com/contactus.cfm

Transfer Agent
Computershare Investor Services
250 Royall Street
Canton, MA 02021
Phone: (877) 360-5390
www.computershare.com/us/contact/

It didn't go unnoticed

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135571655

There is no such thing as another extension. They get one extension. And if filed by 5:30pm tonight it is as if they did not file late:

http://www.mbbp.com/news/annual-report-deadlines

What's your point here, Sam? The 10Q is due today at 5:30pm - end of story. Here's the relevant example that precisely illustrates OMVS's situation, with link to source provided:

http://www.federalfilings.com/faqs/#_When_is_Form

He paid for it by sharing a portion of RAD with OMVS shareholders. Remember, OMVS didn’t have much going on before RAD was folded into the company. Mutually beneficial exchanges happen all the time. Would peanut butter be as good without jelly? No, it would just stick to the roof of your mouth.

It’s not late if filed tomorrow

They are not going to file for another extension. It doesn't work that way. And I believe they will file on time this coming Monday.

It's the dosage that makes the poison. As I'm sure you are well aware, it's the rate of dilution that we should be concerned about. Clearly the recent dilution has been much smaller than we saw a few months ago. Lately it's been a million here, a million there, versus 10 million here, 20 million there some months back. No doubt, we must keep an eye on this metric, but let's keep it in perspective.

I know, right? I’m still waiting for that BS merger with RAD to close, but I don’t think it will ever happen.

davidsonregister.com? Another link to a Panamanian website with no established reputation. And once again a Google search of "davidson register" can't find anything about it either.

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Creation Date: 2016-10-20T12:20:00.00Z
Registrar Registration Expiration Date: 2018-10-20T12:20:03.00Z
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Name Server: NS1.DAVIDSONREGISTER.COM
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Registrar Abuse Contact Email: abuse@enom.com
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