Cloudweb Inc (CLOW)

[koolmc]

peeps decided to move it today

[gwat1979]

I bought it when it was FRMG and held all - sweet! why the move though today I'm trying to figure out....

[koolmc]

nice played it when it was frmg

[Fugu]

You think? Fricken sweet, this forward split worked out a treat...

[CalderQuacks]

Definitely. Let's let them get it to $5 before they do haha. Would be a nice short from up there with about 99.9% gain potential

[threewheeler]

future promo insiders raising price b4 they dump looks like

[threewheeler]

Security Notes
Capital Change=shs increased by 100 for 1 split. Pay date=12/18/2015

[TheFinalCD]

http://www.otcmarkets.com/stock/CLOW/profile

[TheFinalCD]

Jan 22, 2016 FRMGD CLOW Cloudweb, Inc. Common Stock OTC Link/FINRA BB

[threewheeler]

WTF going on here

[HDOGTX]

CLOW +529%.....

Dont see any news or filings but nice move

[Fugu]

So thin we get any bit of vol and this gets crazy

[Fugu]

Yes, haven't played a forward split in years but recall they can make serious moves.. Luck to us all.

[DDHOUND]

Well. Most brokers will let you sell but will not let you buy unless you call in. Big splits can cause short positions. Will be interesing next few weeks .

[Fugu]

I'm riding free shares so let's see what the company has in store. I like to see that fat bid though.. One never knows but like the odds here for sure.

[DDHOUND]

I see this heading over $1 soon.

[Fugu]

Nice bid at .09 here

[gwat1979]

I don't know about you, but my account looked AMAZING there for a minute while it was showing the last share price of $9.00 but with the post-split # of shares. then a trade went through at .10 and my account dropped by about 80% haha

[Fugu]

Trading, bid.10 ask .20

[DollaBillYall]

Sorry was super busy at work. Like I said I'm here for the learning experience of this kinda play, however I'm liking what I'm reading more and more.

[Churak]

look at the last Q that was filed...they didn't sell a heckuva lot of the hi end bikes...

[DollaBillYall]

So it's a cloud biz now? Was thinking bikes was better but OK let's go cloud!

[Churak]

geezx...do you not know how to do any DD? Sheesh...read this. Obviously the bike biz sucked and they are changing direction.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11057048

[DollaBillYall]

I'm trying to figure out why it's called cloud web. Does anyone have any insight on this? I thought this was a bike company from Italy or am I just completely lost on this one? One more question, so my money may be stuck for a month?

[Churak]

There is nothing to figure out. Split is 100:1. Period. Could take 1 day, could take one month....or more. Some brokers like IB used to credit shares without receiving them from the transfer agent. Most wait for delivery and that takes time...can't push a rope. Only suggestion is that if nothing shows up in your account after 10 business days, call your broker and tell them to follow it up.

[gwat1979]

Anyone else have Ameritrade? I don't see any shares of this in my account today. I'm assuming they are just delayed in figuring out the split. Yesterday my shares were there, today nada...

[Churak]

except it last traded at 9.00 with a bid/ask of 7.50 x 11.6

[Renee]

Let me re-phrase then. 1,000 pre-split shares at $4.53 equals $4,530.00. 100,000 post-split shares at .0453 cents equals $4,530.00...exactly the same market value, predicated on market sentiment AFTER the split.

The same principle applies for a reverse split of one for 100. 100,000 pre-split shares at .0453 would be worth $4,530 and after the split the 1,000 post-split shares at $4.53 would be worth $4,530....exactly the same market value, predicated on market sentiment AFTER the split.

[DollaBillYall]

Well 4 cents sounds terrible. That's not even close to a happy dance. That's more like throw something at the wall.

[Renee]

Two things, first the company name change to Cloudweb Inc, and second the forward split at a ratio of 100 shares for every one share held prior to today.

Example: if a shareholder held 1,000 shares as of yesterday they would now have 100,000 shares. Concomitantly the share price close of $4.53 would be divided by the 100 to one forward split and todays share price should be .0453. The market value of a shareholder's shares remain the same at market open AFTER the split. However, after market open the market value of shares of a forward or reverse split changes according to market sentiment and company behaviors, eg., dilution, or how long it takes the company's Transfer Agent to forward the dividended shares (all splits are dividends) to each Broker.

[Churak]

lol....theoretically, it should open @ .09

[DollaBillYall]

Surely it won't open at 4.53 will it? If it does I'll start doing my happy dance now.

[Churak]

it means that for every 1 share you had yesterday, you now have 100 shares. The ticker changed to FRMGD for a few days (can't remember if it is 20 or not)

[DollaBillYall]

What does this mean? I'm confused.

[Renee]

Formigli Inc. changed to Cloudweb Inc. and a 100 for one forward split:

http://otce.finra.org/DLSymbolNameChanges

[koolmc]

yep nice man

[Fugu]

Had 500 shares,put in a sell yesterday at $18 for a hundred and got hit. I'll keep the rest this could be epic... $5 to $18 in a few days is unreal...

[koolmc]

frmg 18 hit :)

[koolmc]

nice bid already jumped

[DDHOUND]

JUST OUT ON Daily List. That was quick!

http://otce.finra.org/DailyList

[koolmc]

np

[DollaBillYall]

Thanks man much appreciated.

[koolmc]

yep they don't usually come often but once they do good one.

[DollaBillYall]

Higher is always better from my experience. Never played one like this so why not test the waters.

[koolmc]

doesn't take much to move it it jumped to 17 on no movement just tells you how thin it is, as for price higher from here imo.

[DollaBillYall]

Any idea where this is going? I threw 5 hundred at it today.

[koolmc]

18 bucks ask eod this sucker is thin

[DDHOUND]

on me

[koolmc]

will buy you a case of beer import lol if it get's there

[DDHOUND]

I think $30 before list.