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Just checking in.
Anybody have anything new on AFML?
Does anybody know if we are presently on the Grey or Pink sheets?
TIA
BC
Hey Heppie, couldn't PM you back since I've got a "freeloader" account! Check my profile and you can e-mail there. Don't know a whole lot about the situation with Lurker, but I'll share what I do...
GLTY...
There is nothing normal about this and there are no MM's right now. Aerofoam Metals inc has to reapply. (see my last post) and #165 from cowboy.
"They will need to file an SB-2 with the SEC and a 15c2-11 with the NASD, then they will have to get a market maker to sponsor them in the market and that market maker will have to file a form 211 with NASD saying they are willing to do this."
this all takes min 30 days depending how fast an MM will sponsor afml.
Buck,
Nothing seems normal with this situation. My guess is that one of the MM need that particular amount of shares (strange enough) and since it wasn't, I assume, an all or nothing sell order, they took what they needed. Nice that you got a premium.
Larry
Larry,
I concur with your assesment and also have some unfilled
sell orders.
The thing I find really odd is that last week
I had a sell order in for 10K @ .19. It didnt move for a
couple days then I checked and Etrade showed that I got a
sale of 4833 (approx) at .20. Now I am not complaining that I got more than I asked for but it just strikes me as very
unusual-
although I havent dabbled in these types of stocks very often so maybe it is normal- I dunno...
I can't see it as a good sign that the company has failed to make any statements since the SEC action.
Interesting that it took the SEC so long before taking this step. I know the wheels of justice turn slowly, but 6 yrs seems ridiculous.
I had a sell order out all day yesterday @ .17 with no execution. I'm going to hold for a few sessions and see what happens.
Larry
From what I understand, trading these securities (gray market) are traded by broker-dealers who negotiate directly with one another over computer networks and by phone. So until AFML restored there MM you will not see the traditional B/A for 30-60 days.
Right now we are running buy/sell match...you have 10000 sh to sell and two others want 5000 each there is a match and the seller will get .02 less than the "last" which would be (.15) and the buyers will buy at "last" presently at (.17).....this is evident if you look at the level 2 quotes. There is no real electronic spread since hault and not until we establish MM again will we see the b/a.
My Ameritrade Streamer has not shown a bid/ask since the suspension. But it was not showing anything at all this morning for AFML. I just noticed, however, that it is now showing a price of 17 cents and a volume of 1000 on a trade at 12:33. That must have been the first trade of the day (or the first one reported, anyway). But a trade of $170???
I remember fishing for bluegills in a clear stream, with only a tiny piece of worm on the hook......
Hello all,
Nothing Showing on E-Trade today either.
No volume, no B/A- but it never has had a B/A
since the suspension.
Hope to see some movement soon.
Thanks - nice part of the country.
Does anyone have the bid and ask, TD Waterhouse is not showing it, just for interests sake. ALthough with the two holiday's this week I doubt we will hear from the company. Hopefully we will get some sort of word out of HQ next week.
Thanks, and a belated Happy July 1st to you.
My late 1st wife's family was from Gaspe area!
Larry
Markets close early for your July the 4th holiday ?
By the way - from the great white north I would like to say to all the Americans here. Have a safe and enjoyable holiday. Thanks for being great neighbours and glta here in Aerofoam.
Just getting in and see that my order has filled - and the pps is 0.20. Now that is always nice to see ! Hope I didn't jinx anything.
Everyone enjoy their day...........
I finally had an buy order filled on Etrade at 0.17 yesterday afternoon, been sitting on it since it resumed last week. They ignored last week even when it was trading below 17, I guess maybe they are finally getting current?
No it was not an all or nothing deal - in fact I left it open for the week. Funny thing it was sitting at 0.20 when my order went in and after a while I checked and it had dropped to 0.16 and closed out up at 0.17 .
Like I said I have it open for the week and I will look at it again after happy hour tomorrow, to see if I need to adjust it down.
Like you I'm looking at the long term side of things, IMHO anything under 0.20 has to be a gift.
But I know, if you want guarantees go to Sears !!
Everyone have a great evening..........
There was activity in the first half of the day. I left a sell at .18 around 1:15P EDT but it never executed. My Scottrade now shows 0.00 bid & ask. Very strange. It looks like some brokers are trading and some aren't. According to the SEC website, after a trading halt, it is left up to the individual market makers to continue trading the shares or to refuse. I'll try and get a personal reading from someone at Scottrade tomorrow AM.
Larry
KGR,
Whats up with that!
How can we close at .17 and you not get any fill at .18?
Did you have an all or nothing bid?
Crusher
Well I had a buy in all afternoon for another 15k @ 0.18 and didn't fill one.
To all:
Just saw some executions sells @ .16 and buys @ .21
Larry
Yes,
I am on Scottrade and I can see a bid and ask. Not sure if it is a true range. I put a sell order at .22 for over an hour during mid-session and modified it to .21 later and it didn't execute.
I'll try again to day.
Larry
Maybe .01 tomorrow!! JK
$1.00!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
:)
Quick,everyone hit market sell,so I can get 100,000 at .01 order filled!LOL.I hate these guys(AFML),but I'll get back in again.
Tradentime
"PULLING THE TRIGGER"- I read BC's posts, but couldn't see any "Dumping" in the near future!!
Heppie :)
Happy Canada Day to all us Canucks and I was reading that someone was going to be pulling the trigger - well I will be too - but I'm buying....!!!!
See Crusher's recent post for starters.
I'm with you BC.
:)
SO Leprikan,
Do you also get a "Bid price, and an Ask Price" on your Streamer?? I get the pps price and the Volume, but No bid and ask. It just reads o.oo for Both!!
Heppie :)
I don't know T. I could have been one of those "rats", but figured my shares would have been sold at .11 or lower!! With the "volume" so low on the gray sheets, I don't really see how we can get a good "fix" on this thing called AFML!!
HEPPIE :)
Turcman,
I tend to agree with you. Except that I think the price could be even higher. )
I am only trying to solicit others opinions to help better formulate my own.
I too was surprised that we didn't get the big sell off. The company said nothing and the stock only went down only marginally.
This is very telling. I was prepping for a big down draft.
I think we have a $2-3 stock, potentially over the next couple of years (maybe sooner) if they can execute successfully.
The caveats being that this companies PR's are true. (no reason to dispute) and
The company can service their customers and deliver product in a timely efficient manner while not letting QC slip.
They seem to be moving from a R & D company to a full fledged product producing going concern.
Can they successfully RAMP up for their GROWTH stage that awaits? If they can the early investors here, might be in for a nice ride...
Remember:
-Small float 100m shares issued.
-Company not fully understood or followed.
-Low overhead, few employees.
-Product lines cover numerous industries Construction, Defence, Aerospace, Automotive
-Growth industries in Defence (Blast Dispersion Panels)
-Potentially high revenue run through,
Florida shingles 50 m (one state)
140 Armoured vehicles to start.
-Federal and State laws being passed putting pressure on Automotive industry to reduce the weight of vehicles to conserve energy.
For these and many more I can see AFML being in the right place at the right time. I hope management is up to the challenge and can execute. If they can maybe we can get a NASDAQ or NYSE listing and maybe a $5.00 share price.
edited: And get off these Greys, Pinks or whatever colour we are on presently.
BC
So you can Voyager put in "sells" with your online system personally?? There was a Bid and Ask to view?? Be interested to know your capabilities.
Heppie :)
Has anyone Bought or Sold since the "suspension" was Lifted?? I haven't.
I'm on ETRADE, and I can't even see a "buy or ask" on my screen. Is this the same for everyone?? I have to "call up" also, and make the execution with a Broker!!
Heppie :)
HELLO ALL,
And what do you think if I had "dumped" my 70K share's??
The MM is "mixing and matching" on the gray sheets!! Once this goes back on the pink sheets, then the real "fire works" will start!! JMO.
I'M STILL LONG.
Heppie :)
Why do you think it would not be? These stocks are fueled by speculation and emotion. Based on markets this company is involved in, providing everything is true. This has the potential to be at .50 or higher. I am convinced we would have seen .30 in a short time. Yes we have no news from the company yet the stock rebounds. Buyers out weight sellers 2days in a row which is great for trading in the gray market. I've watched allot of pinks over the years, and this is amazing performance in the stock all things considered. I really thought we were done, there should have been a blood bath, but as T said, this thing has got legs baby. I took a wait and see gamble ...so far so good. I'm somewhat skeptical still and could pull the trigger, but have become attached to this stock and I think either people know more than we do or its emotionally driven to buy this stock. They were buying between 17-21 all day....why??? on 6/12 1M shares traded between 19-25 we should have seen more that 250k shares on Thursday if they were dumping. That was just a above avg day for this stock. Lets hope for a good post from PC on Monday.
That's my opinion BC you can derive more questions from it I guess but It will only drive you crazy. Remember this is a company with a process to make foamed aluminum, 3 employees we know about, rent space in Canada and have a web site, and investors give it a market cap of 20M $ to date....go figure.
Have a good weekend
Turcman,
Why do you think we would have been in the .30 region if we didn't experience this TRADING HALT?
I mean, we still don't have a good answer from management explaining what happened, visa-vi the halt.
Just trying to get other's opinions.
TIA
BC
I put in a sell order this AM at .22 but it's sitting out there unfilled.
Larry
So far, looks like business as usual. Seems to be a .02 spread...sell being .02 lower than last. We would have definitely been in the .30 area if this fiasco did not happen.
It could have been some anomaly, and possibly irrelevant seeing the stock did not trade, weird. Did anyone trade this stock today??? or like me, take a wait and see. I would have tried to sell at .22- .23 had I been awake.
Interesting Day....
I didn't know we were trading until 11ish this morning.
I had checked the companies web site for a PR before the mkt's open, saw nothing and just assumed that we still were not trading.
Later I checked Big Charts and noticed we were.
Lets not get to excited. Only 200K shares traded (about $20,000) Nothing to right home over. I think a lot of people would have sold had they knew the stock was trading. I believe these people were taking a wait and see attitude...
The fact we didn't sell off was good but it was in absence of news. Lets see what the company can come up with in regards to this..
I for one would like to see a little reassurance from management before I buy more...
And whats with the Big Drop the day before? Down to .01
Is someone playing with this stock?
BC
Just like cowboy said, we will bounce around in the gray market till they file the proper papers, then back to the pink, Should I feel good now? Are we out of the water yet or is a judgment still pending???? Never been through this, usually they go belly up.
Cavico is delisted CVCP Ticker is no longer recognized, they had PR throughout the suspension though. Cavico has failed to comply with Exchange Act Section 13(a) rules also.
Two things tell me this thing still has legs. When this stock went from .10 to the .17-.19 range she wanted to sell off but couldn't. Buyers kept stepping up. I think these were insiders who knew of good things to come. I think if the rats were jumping ship volume would have been huge and the beating a lot worse. But again buyers are stepping up so it looks like we will probably get a PR soon and it looks like it will be a positive one. Just my take. T.
Can't complain about what we are seeing today.
Lets change the record, to ... GET THE PARTY STARTED
NO MORE SIMON AND GARFUNKEL
please!!!!
Just give me some PR white boyeeeee!!!!
what a day to sleep late
Hi Gang,
I'm a S/H for a short time before the suspension but have been watching for about 4 months. It did concern me that the financials only showed up to 2004 on my Scottrade. If this was a mistaken identity, under what name were they filing? I notice that in the one press release they never mention that they are in compliance with the SEC.
That said, it is surprising that the s/p is holding up and there are buyers out there. I suppose for the short term, this situation will not stop them from producing a product and selling it to clients. It will only matter the next time they want to raise capital.
Hope this will be worth holding onto.
Regards to all,
Larry
It seems so. And, although it started out with trades around 11 cents, it seems to be moving around the low 20s. So it's not doing the nosedive I was expecting. On the other hand, I see (on my Streamer) that the last sale was at .21, with a volume of 500 shares -- huh, total of $105. Even with commissions being only 10 bucks, what's with a transaction of a hunded bucks?
Are we up and trading???
BC
Leprikan,
Yes, I agree. Very exciting....
I might be enticed to buy some more if we take a big hit.
May the LUCK of the Irish be with us.
BC
Yes, thank you for the info and the effort! This is getting fascinating! Assuming it resumes trading at some time, and assuming that the price takes a big hit bacause of the mess, I think I might buy some more at that time. Would not bet the farm on it, but would put a bit down, mainly for the psychodrama. This is better than one of those dinner theatre murder mysteries!
To All,
As I stated earlier today, I contacted the company and only got their voice mail. I left my name and C#.
Surprise, Surprise someone called me back and stated they were returning my call. Problem being I had my phone turned off at the time. I called back and got the secretary and stated that I was just contacted by someone from the company. She responded that, the person I wanted was tied up in meetings and couldn't take my call now.
We can read any number of things in regards to this. But at least the company did return my call.
What will happen next is anyone's guess.
Frustrated like the rest here.
I always like to look at the bright side of things. And maybe, just maybe, there will be a silver lining in all of this.
Will this situation provide a tremendous buying opportunity or will this company fade into oblivion.
I for one am HOPING for the former.
BC
The administrative proceeding (no. 3-12658) was against all three companies, hence the naming. One company, Cavico, proposed a settlement which the SEC accepted, thus the new entry in the case. The name of the case is unchanged and contains all three companies, although the subject of the entry is only Cavico.
In other words, Cavico took action, as explained in their press release, and they will eventually be back in trading. We don't know a #$#!@! thing about AFML.
see SEC link
http://www.sec.gov/litigation/admin/2007/34-55968.pdf
I don't understand the document, only CAVICO is mentioned, but the other 2 are listed, but never mentioned. AFML is the only one reduced to .01 the others seem to be where they have been since 6/12 even though CVCP was revoked.
I think the secretary fled with her life. Would you want to show up to work today??
In the Matter of
Laminaire Corp.(n/k/a Cavico Corp.), CVCP
TAM Restaurants, Inc.(n/k/a Aerofoam Metals, Inc.), AFML
and Upside Development, Inc.(n/k/a Amorocorp), AORO
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